Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en i think this is a good strategy you say no to most everything then when you see the thing that you’re like this is it you go 100 all in on it i feel like i can rule the world i know i could be what i want to all right we’re live you you didn’t know enough about red ventures to bring that up uh i talked to somebody who sold their company to red ventures and they were telling me about it and i was like oh i just made a note i was like fascinating gotta go research more so i put it on here just to be like i’m gonna go research more and then you added i know a lot in all caps so you already know a lot which is great maybe we we can talk about later also another thing that i actually forgot to add this i was watching the ufc fight and do you remember about four weeks ago maybe two weeks ago we discussed this business of giving away like cars and you have to um i saw an ad at the bottom of the ufc fight and i think that like one way that i find ideas is anyone who’s doing brand advertising so there’s two types of well i guess there’s many types of advertising but there’s the first type is performance which is uh you click on something and i could i could see 100 when you purchased and i could see everything about that and i could like attribute it’s it’s attribution market marketing performance marketing is what it’s called the second is brand marketing so like billboards or what’s another example i don’t even know yeah just tv commercials right you do a commercial you don’t know necessarily and they try to measure it but in reality budweiser when they run a commercial at the super bowl it’s because they’re trying to build awareness they want budweiser to be top of mind maybe they want to talk about their zero calorie beer they’re just trying to build awareness and they’re not directly hoping that you watch that open up your phone by budweiser right that moment that’s not the way that that that marketing is designed they hope that you eventually walk into the store and it influences you this is what geico does and often early early-stage companies particularly tech companies who are like savvy with internet marketing start with performance and then when they exhaust that then they go all right now like we need to like just we just need more people in the world to know about this product and so what i love doing is i like looking at who’s doing brand advertising because not always but often that means that they’re like crushing it yeah it’s like buying art if you’re buying art you’re rich if you’re buying brand ads your company’s rich yes that’s a great example and i saw uh ufc they had this ad for watch gang and i think watch game may be sponsored in an embedded episode but then also like before one of the fights it said this episode is brought to you by watch gang getting a rolex every month and i was like what is going on with that what is that i’ve never heard of watch gang and i know a little bit about watchers or at least i’m a fan and so i don’t want to i even though i am kind of bringing it up but i don’t want to get into it too much but they were doing i went to watchking.com and they were doing a contest for a rolex giveaway rolex yeah this so my co-worker at twitch uh when i was there he um he came up to me he shows me his watch and i’m like hey man nice watch he’s like i got this in this uh this watch club that i’m in so tell me more and he tells me about watch gang and he’s like yeah i found this website i had no idea if it’s a scam or not he’s like it’s crazy this watch is like a 250 watch and i’m paying 30 bucks a month like i don’t really understand every month they send me another watch and i was like i was like okay it sounds fishy like he’s like yeah exactly so i didn’t even know if anything would come but like look at this it’s here and um and so then i went and played with it and it’s like one of these like super optimized websites it’s like you you open up the website bam let me get your email for this thing oh you don’t want the email spin the wheel and win some more oh you spun the wheel okay you have 30 seconds to finish your checkout or else you’re gonna like your family will be taking ransom and so it’s like this like and if you go to it it’s just like one hero image and then it’s like uh you know the tagline basically is uh you know get new watches sent right to your door do you keep them you sure do are the watches good no sir they’re amazing right so it’s like well-written copy huge hero image i’m like this site prints money and so i just made a mental note about watch gang at that moment and it’s like a mystery box like you don’t know which watch you’re gonna get you might get one of those thousands of dollars watches or you might get the like hundred dollar watch but you’re always getting a watch of good value and the weird thing is who needs this many watches i don’t know nobody needs 12 watches a year as far as i’m concerned but maybe i’m just not the demo yeah so when i see this stuff like if you’re in the internet long enough which you know it’s not that you don’t need to do it that much in order to see that when you see something like this you’re like something is going on to where it’s maybe a scam and full of it but also like if you told me this made 200 million dollars i would be like yeah yeah i totally buy it it’s an arbitrage place so it’s the same way that like um you know most of the d2c brands they’re not like truly making the best products but they’re like look if we’re really good at facebook marketing or if we’re really good at affiliate marketing or really good at whatever influencer marketing then we could build like movement watches they built 100 million dollar plus luxury watch brand in two years they made it sound like a old school brand they you know they partner with all these influencers they use this market it’s a marketing company not a watch company really and so that’s what this is for sure this is a marketing company not a watch company they could swap this out and do this with golf clubs they could do this with shoes they could do this with whatever you could just you could take this watch gang website and you could do it with sneakers right now and i think you would do pretty well i think there’s something with that there must be something where they’re getting the watches you know super discounted somehow like these might be like out of style watches or refurbished or some i don’t know what they’re doing but there has to be some way that they’re able to give you this watch and still make money in the something what i don’t know if it’s 30 bucks still or i don’t know how much this i don’t know why i i saw the ad whenever i see people advertising on the ufc i think uh they’re like there’s a lot of new brands like manscaped advertisers there and i had heard of manscape and then they advertised in the ufc i’m like oh they they must be monsters they’re so you have to be okay with your logo getting covered in blood and i think most brands just don’t want that and then the brands that were okay with that got this big upside of a huge amount of eyeballs for a very low uh very low ad cost and so early on you know it looked like nascar every fighter would come out and they’d have like 50 logos of like from their mom and pop like barber shop in their local town to like you know some random insurance company or uh you know energy drink or whatever and they’ve been trying to get it more and more mainstream although they just announced 175 million dollar deal with crypto.com is crypto.com scammy or legit i don’t know anything about it well they offer eight percent uh return eight percent cash back so that’s how you know it’s uh it’s probably not totally uh uh it’s not that it’s a scam it’s again it’s like these sort of hand-wavy types of things it’s like yeah you get our crypto card it’s a metal card it’s awesome and then when you spend you earn eight percent in crypto bucks say wait what’s a crypto book that’s our own currency we created it’s like oh god it’s like you got to hold 5000 crypto bucks and then you earn the eight percent it’s like uh dude do i want to go buy five thousand dollars of your crypto buck in order to earn the eight percent here i don’t know i don’t think so yeah they they let a lot of stuff like that and and advertise with them but um i want to bring up a couple topics you have a few ideas but you talked about this house thing so i want to ask you about that um yeah first time since covid we went to uh vegas and i’m staying in a house uh i’m staying with somebody and their house is unbelievable dude i am like like a family member this is somebody i’m related to yes so this is this is a house that’s i think it’s worth like probably 15 million dollars and 50 million dollars in san francisco we’ll give you a fat house 50 million dollars in vegas let’s give you what what i mean i’m in a resort i’m in a personal resort like i was walking in and i was like trying to not trip into the koi ponds along the way just to the door door opens up there’s a freaking you know from the hotel that little what the bell man has that cart to take your [ ] to your room they have one of those because the room is so far away from the door because they’re just so big of a house and so i use that i get to my room my room is like you know everything’s magical dude we were eating dinner and then all of a sudden like a convertible the roof retracted from over our heads the walls disappeared they went away and then we all went swimming in this pool that surrounds the dining room while looking out at downtown vegas it’s unbelievable and the reason i say this is because i thought i knew how much money i wanted i thought i’d do what i wanted and now that i’ve stayed in this house i’d like some more money please that’s that’s my brutally honest feeling my raw emotion that i have 24 hours into this house is oh [ ] this okay yeah i can be happy without this but why can’t i do this too this is this is pretty nice i’ve never seen how much do you think you need to have to have a 15 million dollar house what do you think your your like investable asset like relatively liquid net worth needs to be like 60 70. i think 100 to be safe 70 if you’re 60 70 if you’re uh like 50 60 i guess if you’re if you’re just kind of like playing it you’re you’re comfortable with it being riskier i guess or like if that 50 60 that you have is not totally at risk you could say oh okay you know i’ve got that cashed out i’m gonna put it in safe investments and 15 million i’ll put into my house um this house was previously owned by somebody who’s like kind of what their grandfather started like caesar’s or one of the casinos two of the casinos downtown and so it’s like a billionaire family and they sold the house to these guys and then they uh and then actually the funny thing is they sold the house uh and then they regretted it as soon as they sold it to them the day later they were like hey you know the broker calls broker says my client really regrets selling that house oh no and it was one person living here so it was like this it’s this enormous like you know 30 car garage bowling alley type of thing i don’t know if there is i haven’t even explored the whole house yet i’ve only seen like one-fourth of the house so far but um she called back i’ll give you a million dollars extra in cash just to have the house back one day later and they turned it down dude i think that’s cool i i love visiting that in my head i think i actually don’t want that maybe maybe it’s because if you’re wealthy enough to buy that then you just have people who could take care of it but when i think of owning something uh that expensive and that nice i’m like oh my gosh i need to take care of it yeah that sounds like a lot of work uh i think that’s true for most things i feel differently about a house for two reasons one is i think a house like this makes sense when you have what they have like tons of kids basically so you have you have like a full family uh right they have four kids and it’s like um this is your family’s compound it’s like this is your home base your kids you kind of you wouldn’t really do this i don’t think if you’re a bachelor if you’re a bachelor you want to be you know penthouse in manhattan or something cool like that but this is different this is like it’s a suburban home right but it’s like a family compound so i think that’s the first thing the second thing is a yacht or like cars those are like low use high maintenance whereas a house is like tremendously high use and actually quite low maintenance for for most homes because for you know they have a cleaning staff they have like people that can come take care of stuff and yeah there’s bills i’m not saying there’s no bills i guess what i’m saying is it’s not like a car where you’re worried about getting scratched when it goes out when you go park it anywhere and you’re driving anywhere and most of the time it’s just sitting idle unused in a garage with a tarp on top in this case for a house you’re constantly in it you’re constantly using it especially if you have a big family so i would say house is the one area where i would splurge uh almost every other material possession like fancy clothes cars it just doesn’t make sense to me when i hear about people like this i always the same question pops up in my head which is how much should they spend per month so if you had to guess this person’s total family uh expenses including the house what would you guess it i imagine you get a mortgage on it you get a mortgage on a 15 million dollar house like randy moss said straight cash baby they had they had to in order to get the house they had to like go in oh my gosh so you don’t have a mortgage on the house normally a mortgage i mean what they do is they can finance it afterwards so they buy it in cash and then they’ll go and they’ll refinance it basically get they’ll cash out you know they’ll leave 30 down and then they’ll take the other 70 they’ll pay you know some percentage but for this you can’t even get a traditional mortgage for this yeah you get like a rich perspective so they got like a hard money loan basically if they wanted to cash it out or okay so including that let’s not include that that’s hard to conclude yeah because that’s even hard to calculate i don’t even know what that i mean that could be like 100 a month i don’t know what it would be that’s a lot but life expenses not including the house which is a a ton yeah i would not be surprised if it was between a hundred and two hundred thousand dollars a month that’d be my no i wouldn’t be surprised i wouldn’t be surprised that’s so much money to spend it could be a little less could be 70. it’s definitely not less than 50. it’s my guess i’ll ask you today i’ll find out where that’s always that’s a good question um she’s like what’s your burn yeah exactly what’s your burn that’s a good question so let me tell you really quick and uh so this house this there’s a lot next to my house that i mean you know that little crappy shack that was next to my house yeah it’s for sale i think i’m gonna buy it and i’m gonna build a house there and try to sell it or rent it out and i’m excited to do this and i’ll talk about this on this podcast i’m excited to do it because i’ve never done a project like this i’ve never done like a physical business really i’ve only done uh you know digital stuff and i think it’s gonna be exciting do you think that’s a stupid idea or a smart idea no i think it’s a smart idea because it’s gonna like kind of change the way you look at the world a little bit and it’s right next to you if this was like even two miles away i’d be like nah dude it’s just a headache when it’s literally right next to you that takes a lot of the like overhead of managing a project or even thinking about a project or researching whether there’s a good or bad buy it’s like okay what’s the worst case scenario you’re gonna have a house next to the house you have you already like this neighborhood you already like being there your friends are all there you’re going to be able to like airbnb this with low maintenance because it’s right next door you know you’ll never have to worry about it and uh your friends can come crash there when it’s not rented out um or you can like expand to it if you build your dream house right you can build your dream house right next to you which is a fun fun project to do for you and sarah and uh then maybe you leave your house you go to that house if you like build it for it takes a year to build or whatever so i think it’s a great idea um and it’s not like it’s not about it’s not a financial idea in my opinion it’s a it’s a life idea it’s a it’s a fun thing to do that will probably break even to be profitable when you do it what i’m learning uh about finances is that you know you and i talk about investing in different stuff you can just just your average joe has access to this as well so this isn’t there’s just if you just park it into a general fund like a general index fund life is so easy and you get almost amazing returns like compared to everything else do you know what i mean like it’s so easy you don’t have to well you need a big base right that’s the problem for most people yes that that vehicle is available for most people but let’s say you’re getting seven percent a year you put a hundred thousand dollars in okay cool you made seven thousand dollars pre-tax right now you have 107 000. you need to let that [ ] compound for like 20 years and like charlie munger once said when they asked him what hey your guys’s playbook seems pretty simple why don’t more people do it he said no one wants to get rich slow i think that’s the problem is that nobody wants to take a small base and let it compound for 20 years or very few people do and that’s that’s the issue there yeah it is it’s boring but it works and then um i want to bring up one quick topic i met three interests two three interesting people this week so i think people like hearing this i enjoyed hearing this about this 15 million house all right i met this guy named jason have you ever heard of this company called block works block works no is this like a construction company no it’s right up your alley it’s a media it’s basically like the hustle like morning brew like axios but for crypto oh okay i think it’s blockworks.io maybe dot co maybe oh is it dot co um so block works it’s this guy bootstrapped he’s only 27 years old i went to his house last night in new york uh in brooklyn awesome business probably will do eight figure yeah maybe 10 north of 10 million in revenue this year completely bootstrap started it because he used to monetize so he was like 23 years old and he cole emailed pomp and said listen to this podcast i’m working on come to this event just like he was just like constantly emailing him pop pop who’s this big bitcoin guy but who was less of a big bitcoin guy years ago said all right you’ve been emailing me too much whatever you’re persistent i’m thinking about launching this podcast i need help launching it and monetizing it do you want to help this kid who was a kid at the time said yes and then eventually launches a crypto media company called block works he launches it three or four years ago it’s only an llc so he completely owns it it’s not like it didn’t raise any money really fascinating business very simple and he just picked the right category and now they’re doing conferences it’s a slick looking website right yeah you go to it it looks like bloomberg or something you know it looks like a proper you know it just looks like a template of a good news site in general and so i think he’s like the subscriber base to this right so like is this done through email or done through direct site visits they make a lot of money through email and then they have podcasts so so there’s and then they have conferences and so they have a conference for what it’s worth showing them close to half a million visits a month yeah so it’s not it’s probably that’s like if you look at our uh traffic the hustle.com maybe we were uh two times that and i know that we had eight hundred thousand to a million a right and um and we had talked about coin market cap recently which was uh probably the bigger player in this space so coin market cap sold to uh finance i think and how much they sell for was like hundreds of millions right five hundreds of millions if it didn’t sell for that it’s worth that and the shocking thing was that coin market cap had like a larger monthly traffic volume than i think the new york times or wall street journal i think it was uh which just shows you like the level of interest like when we talked we joked about this we were like oh like how do we make this podcast grow and i was like pivot to crypto there’s just like this insane appetite for crypto content because people get in they think they’re going to get rich and every day there’s a news cycle of like the world the world is you know we’re going to the moon or the world is crashing and like what’s going on and so crypto was a phenomenal um place to go so i like block works i want to share one thing but did you have something else on block where she was here i have a topic related to block works no he it’s just an interesting business i just thought it was interesting it’s just not how big look at their about page it looks like they have 20 people on board um i don’t know who’s full time and who’s not full-time but and then if you click their podcast they have like 12 podcasts it’s like a type of company where uh you it it is sexy in that like it’s a media company for crypto i mean that’s definitely sexy but the guy is he’s 27 but he runs it just like a small business where he just he just slowly adds and adds hats and i think it’s really fascinating i think they’re i think if i had a bet and i don’t have uh i just got to know him and i don’t we didn’t even talk about this if i had a bet i i would imagine you’re going to see this company sell for in the 40 to 50 million range in the next 18 months and i just wanted to bring it up now to call it out uh about like see it before it actually happens right i would take the over on that i think it’s gonna sell for more if the numbers you’re saying or what it is just looking at it i think um traditional media companies don’t sell for that much if it’s only i don’t know what the revenue is exactly but it’s in the range of 10 million if it only if they only do let’s say 9 million in revenue that’s probably only worth 25 million dollars you’re not putting the crypto premium right so so companies sell based on their story and i think the story here is going to be that hey look this is where this is where financial news is going financial news being probably the biggest kind of most valuable segment of the news uh not biggest in terms of popularity but most valuable per per user right so the wall street journal um you know it’s a very valuable publication because every one of their users is interesting and interested in investing somewhere between thousands or millions of dollars and so i think if your crypto if you’re the crypto bloomberger the crypto wall street journal um like we saw that coin market cap sold for several hundreds of millions not necessarily because their revenue was that much higher but because a big exchange wanted to grow and exchanges are worth like coinbase is worth 80 80 to 100 billion dollars so uh binance similar like these company the exchanges are so big they were like great we need a media arm right this trend we’ve been talking about hubspot oh we want a media arm robin hood we want a media arm and so they’ve been buying up media companies in order to own their own media arm which is basically cheap user acquisition for them and so whether it’s them or it’s a traditional media company that will buy i don’t know but i do think that a crypto news site is going to get whatever whatever a normal media site would sell for i’d put a two and a half x on it for for crypto right now because it could be i wouldn’t doubt it and and what i told him is what i would tell the audience as well which is sell to a tech company don’t sell to a media company if you want to create a media company build it in hopes of selling to a tech sam’s like make a list of enterprise sas companies then it’s just like them and take an all stock deal all right now now you have set yourself up no i’m just saying like do you think that a media company is going to 3x in market cap value like pretty quickly or do you think that coinbase will i think you would much rather go there right but yeah i would rather own 50 million dollars of coinbase stock than i would have ca uh of uh new york times stock right right um another sort of related thing on this so i was thinking back i was doing some reflection uh yesterday actually i was thinking about uh crypto and i don’t know if i’ve told you the story but basically very early on uh my crypto story was like this we were at lunch at the uh i was running an idea lab so that’s a good position to be in when new things happen running an idea lab you got a bunch of engineers and designers you already have funding and you’re ready to take a new idea and just chase the market so bitcoin i think at that time had its first kind of pop from like the seven dollar range to like i don’t know what it was 20 bucks and then 100 bucks and it was all happening within a period of like one or two months uh that that first bike happened then it came crashing down after 100 back to 17 or something like that exact numbers are wrong but ballpark bitcoin is very cheap back then and our um our sis admin guy pete uh who’s like kind of like a very early internet guy like would hang out all day at work he’d be in the irc channels not slack and he’s talking to other sis admins at other companies and [ ] like that and these guys like and he was always like a security like he was always like ah these big companies are tracking us and like you know he’s the kind of guy that would use duckduckgo early on type of thing and so he was like in the right community for something like bitcoin and so he starts telling us he’s like oh bitcoin bitcoin’s amazing dude we’re mining he’s like mining it on our servers in the office he’s like yeah it’s great i love bitcoin and we’re like ah here’s pete you know pete who’s kind of like a like a more like a neckbeard archetype right he’s like oh pete’s you know really into some something again great yeah so what’s he worth now well i didn’t take it too seriously but i think he was more like a lot of people who early on they weren’t putting a ton of like cash into it they were mining it or they were like earning it for doing a job and then spending it because they were like wanted to be a part of this new economy uh by the way have you ever heard that story about andreas antonopoulos do you know who that guy is no oh maybe is he the guy who looks like is he greek he i think he’s greek yeah based on the name but he’s basically um he was like the bitcoin evangelist so he was just when bitcoin came out he was going and talking everywhere just talking i know who he is as a person bitcoin’s amazing he wrote this bitcoin book it’s great and so anyways he’s given like he’s spread the gospel he’s like what you need when you have a new movement this guy was out he was i don’t know much about the bible but like you know he wasn’t jesus but he’s like you know paul or whoever was you know taking the gospel and going to spreading it and so he um he’d been doing this for years and he had been earning any money he had he would only take in bitcoin and then he would spend it on his rent and he would spend it on his coffee he wanted to live in crypto and live what he was preaching that this new financial system with real kind of like hard money true money uh sound money as they say is is the is the way to go and so anyways bitcoin price keeps going up up and up and people are like oh andreas you must be like a millionaire 100 times over by now no and he’s like well no like i was living off bitcoin i was spending it like i was like i was earning it for talking at some things but i didn’t charge a ton because i just wanted to get the word he’s like and then when i had it i was using it to pay rent and i have a family and like no i actually i i actually didn’t have a ton well he wasn’t saying it like you know pity me he was just like you know contrary to belief popular belief here’s the case and so there’s this guy on um on twitter friend’s name he’s like this famous guy who he forked bitcoin and like has his uh he owns bitcoin.com he’s kind of like this he’s not very well liked in the bitcoin ecosystem roger van roger vera or something like that is his name so he starts making fun of andreas on twitter he’s like oh my god the biggest bitcoin like you know like uh carnival barker for all these years didn’t even make money when bitcoin shot up in price to thousands of dollars per coin like like what a joke uh like like nice one schmuck he starts making fun of him and then the bitcoin community rallied and overnight donated anonymously to his wallet and made made andreas a millionaire in bitcoin overnight um of people people donating money because they were like no i got into it because of this guy he’s getting made fun of because he didn’t profit off of this like [ ] that uh so i thought that was like a pretty cool moment like one of the cool parts not the like annoying part anyways back to my story i’m uh i’m in the idea lab and basically my cto catches the bug too and he starts saying he’s like yeah fiat is trash i’m like what is fiat a car like what are you talking about and he’s like fiat currency that means currency that you know the government makes up and prints like by there by their fiat they create this currency he’s like it’s bad i’m like well okay why like the dollar seems fine and he’s like yeah it’s fine till it’s not fine look at the history and he starts telling me about this this i’m like yeah but that’s like ancient history he’s like just yesterday japan announced that they’re going to double the money supply in the next 10 i was like that can’t be good right he’s like yeah that’s massive dilution that’s like if you just doubled the shares in this company right now i would be pissed and he’s like he’s like so he’s like we should do something i’m like okay paul like run with it what’s the idea normally paul was the guy i would give directions to he’s not the ideal guy he’s like tell me what to build i’ll build it i can build anything and in this case he’s like mocking up a website and he’s based like crypto doesn’t have any of the basic like financial instruments that uh that the normal economy has so all we got to do is just build either an exchange or a like kind of like a maybe like an ach protocol or like a place to deposit in a savings account like we just need something like that for crypto so he mocks it up we start going with it and uh our ideal lab was backed by this couple michael and sochi burch which makes an individual couple who’s you know independently very wealthy and so he come michael comes by for lunch the next day he’s like hey the lawyer like our lawyer susan told us that you’re uh you’re doing like a bitcoin project and i was like yeah kind of exciting like and i don’t really know it myself i wasn’t the one with conviction it was like my team and i was just backing them and so he’s asking me he’s like isn’t that like kind of like for the silk road and like isn’t that like kind of scammy and i was like no i think there’s merit to it but i couldn’t like make a strong case he’s like dude i don’t know man like if we do something wrong here the financial space like look if we if we make a social app that fails whatever i burned a million dollars of funding if we do something that’s illegal the sec comes after us i can lose everything so like let’s put the kibosh on uh on our crypto exchange that you guys are trying to like create like launch tomorrow and i was like ah [ ] so i go tell the team and blah blah and we long story short we do nothing so we don’t launch the thing i don’t buy any bitcoin at that time when bitcoin’s like under 100 um and we we move on with our life and then like now years later i’m just chasing that you know crypto dream the whole time buying it at like you know twenty thousand dollars a coin instead of when it was at 20. and i was thinking back on it i was like what was the right move there and i said i’ll kind of lay out my thinking here i think the right move and i think many people will come into these situations where a new trend happens and you’re you know you want to chase it but there may be risks associated with why you should or shouldn’t do it and um here’s kind of like my my revisionist thinking you tell me if you tell me actually i’ll pause there tell me what you think i should have done in that situation did i make the right move or what could i have done differently because i think it’s important to kind of learn from our game film as entrepreneurs well so like objectively you made the wrong move in that you you didn’t we know what the right move was now but looking back knowing what you knew being who you are i would say i wouldn’t say you made the right move but i would say you didn’t do anything wrong right okay so fair enough so let’s say door one is do nothing always right so do nothing that’s what that’s the one we ended up taking door two was create and launch this kind of crypto exchange slash money transit whatever that was like where we were headed what i think was i should have looked at what does door three four and five look like so the first thing i should have done is i should have bought the currency right um that’s kind of an obvious one if you believe in this thing enough to build a startup around it you should own some of the underlying asset um as as something you want so that was like the first part second was when i got pushback from somebody richer smarter and more experienced than me and i didn’t have the answer the answer shouldn’t have been okay no okay i’ll stop it it should have been let’s let me put together a case for doing this give me a week to put together a case of why we might do this why this might not be such a bad idea i agree with your logic let me put together a case and let’s start with that and so i could have took a pause breath and i could have said all right let me go and actually like get to conviction myself and if i have conviction i’ll convince anybody in the world to do that we should do this but if i don’t have conviction it’s just a matter of i haven’t really thought this through enough and the third option was or the next option was what are the other things you could have done so what are the no risk ways to ride this wave that’s what i think block works did that’s what coindesk did that’s what coin market cap did so there was other things you could have done you could have created a media company that said all right i’m not gonna like try to be a financial exchange and that has some risks but why don’t we spin up a media side well there’s going to be if this is going to be a thing people are going to be interested in the content we could build that and then that gives us options to launch more stuff so that would have been a smart move that was zero risk um financially as far as like the the sort of regulations and sec goes but still would have been writing that way i didn’t think about that because i didn’t have all these other business models in my tool belt of like what else i could do another would have been to instead of just launching like a media company it could have been an agency so we have several friends like andrew from uh meta lab uh our friend greg who launched late checkout you can launch agencies that help big companies understand what to do with this thing and you can actually charge a [ ] ton of money to do this consensus is the big one right now that’s the big kind of consultancy for this i think they do over 100 million dollars yeah we talked about them they’re here to multi-billion yeah right just from just from this just from consulting with big companies saying hey do you know how to spell blockchain we can we can spell it for you and so um so basically there was other business models i could have done so looking back i would say that that’s one learning i had and i guess like going forward that’s i think it’s important when these like new waves come out to like dive in on them learn about them and then think about all right should i try to build the big risky thing should i try to build a community should i try to build a media site should i try to build an agency like i have 10 options and depending on my level of conviction um i can go in either one of those directions i can build the audience first i can build the technology first i can try to land grab and do something there we could have created our own currency there was 10 other ideas that we could have done but anyways this is like a but to continue talking about that strategies it is to continue talking about strategies my opinion is that you should actually take door number one in most cases and yeah and when you see something that you think is like this is one life strategy and i think this is a good strategy you say no to most everything then when you see the thing that you’re like this is it you go 100 all in on it um and and so there’s a few examples of this so and and when you go all in on it it’s a high risk but it’s high reward type of thing so examples are you become buzzfeed and facebook gets popular you launch an entire media company buzzfeed cheddar did this as well they launched an entire media company off facebook live and they sold for 200 million dollars now you have loads of examples of it not working for people more examples of it not working than it does does work right um but when you when you spot these waves i actually think that uh like the the the risk versus reward is far in your favor of doing it and bitcoin is one of those where of course we know now you know you didn’t know that what what are the hallmarks of a wave all right what were some recent waves and then what how do you know when it’s a wave versus just shiny object distraction i think engagement for sure so i think it’s it’s not the wave is not how many people are using it but the few people who are using it how much are they using it right and so does this feel like a cult do these people seem crazy uh that’s actually a very positive signs for waves yes i think that’s the the biggest one is uh are people like how into it are they so like i was just talking to a guy that was selling who did a multi-level marketing scheme where and he didn’t know it at the time but he was he thought it was multi-level but it was a pyramid scheme he was like well i’m just like a sales person for this energy drink he was a participant in it yeah yeah yeah and he was like but i loved it and i thought it was okay it goes and then it took me forever to realize that it was a pyramid scheme and then i was like scamming people so i had a bail but for a long time i was so into it and like when you see like people who are so into something like amway like herbalife they actually become huge huge companies even if most people don’t get it you don’t you only need a few people that are passionate about it so it’s all about engagement yeah i would say that so i was like what are you gonna look for with the wave second one is complete behavior change so like facebook early on was a good example of this where all of a sudden people were checking something like 30 times a day there really weren’t websites that you would go check 30 times a day and uh facebook was one and so similarly fortnight or twitch something like that it’s like wait you’re just streaming a webcam of yourself for eight hours like playing video games it’s like yeah not a lot of people do it but the people who were doing it were doing this completely weird behavior that made no sense and had no like real parallels to what people were what that same person was doing before and so if it’s been able to consume this person’s life and change their whole like workflow then it’s going to do that for other people right like uh remote work is like that in a small way but that’s that’s another one a third one is go ahead the third one is just a technology wave so a new device comes out that can do something that the other devices couldn’t like oh this is a phone it has an accelerometer in it and a gps so now what what can you create when you have a gps in your pocket well you can push a button and someone could come find you and pick you up and take you somewhere else using that same gps and so like you know ridechair became enabled because this new device was there or you have a camera in your pocket at all times well then i guess people are going to take way more photos than they were before all right that’s when you get instagram you get snapchat so i think the technology wave is the other one yeah there’s a bunch of these and and and it’s actually fun to talk about like we all know what the waves are but there let’s talk about some of the waves that we’ve seen recently that actually turn out not to be waves um or likely won’t be waves clubhouse is one of them um a lot of people dedicated a lot of stuff to him i could have seen a startup raise money on top of uh a clubhouse show or something like that right um and but but but i don’t actually hate people taking that shot and i think that a lot of people do right and i think i think you have to measure how much do you have to lose like for example in that scenario i was talking about i would have launched the crypto thing because i had nothing to lose our investor who’s like basically a billionaire is like hey you know what i don’t mind if you fail on the startup but like don’t have the sec come after me like that doesn’t seem good let’s not hold like a if this works we’re gonna have like a hundred million dollars of user deposits that we’re like on the hook for that sounds bad i don’t you know i i it wasn’t easy to get this billion dollars i don’t want to lose that so for him it was the correct decision to say let’s not risk ruin when you’re you know you have nothing well you have nothing to lose and so feel free to go more all in and take more risks faster and if hey if clubhouse turns out to be a dud what’d you lose six months of your life you know like two thousand dollars it’s okay so since we’re talking about reflection and stuff let me tell you a quick story so i’m gonna send you this guy’s linkedin i met this guy this week so i like just last week we were off i was off so i just went and hung out with people my friend joe introduced me to this guy named val i don’t even know how to say his last name um but val i went out to lunch with this guy named val so this guy’s story is basically he came from a soviet union country i forget he came from soviet union i forget what it’s called now the area that he was from ubekistan is what he’s from he’s a uh like a jewish immigrant from ubekistan he at the age of 18 listen to this he started a cellphone ringtone business he was the only employee and it did 10 million in revenue in year three he was started when he was 18. so this is when he was like 21. 10 million so 10 million in profit he said he goes based on the ringtones to americans yeah he goes i was the only employee oh i care from where i don’t know what you said uzbekistan uzbekistan i believe selling 10 million dollars worth of ringtones to stupid americans isn’t that beautiful i love that and that amer uh amazing um i believe it’s called uh you can scroll down it’s called tone media uh i believe that’s what it is um on his linkedin something like that or tone fuse i don’t i don’t even know which one it is you get so many of them and the reason why this guy interests me is so i’m gonna tell you everything that he has done since but it’s all been bootstrapped no outside funding and all in different industries so the first one um he probably has more but these are the ones he told me about so uh a phone business the ringtone business he’s he’s like the revenue and he goes by the way revenue and profits are pretty much the same thing because i was the only employee he was like it went like 2 million 4 million like 10 and then i sold it and his second thing was called mobile fuse which is a ad tech company uh it’s that’s boring that’s not that exciting but it’s a big business something like i imagine he didn’t tell me but i imagine like 50 60 million in revenue pretty big then uh while he was getting that started he noticed that peer-to-peer lending was popular so things like you know sofi yep stuff like that so he created a company called prime meridian capital i’ve never even heard of it but i think their url might be poised lending basically at this point they’ve given out billions of peer-to-peer loans so totally different from ad marketing or ad tech then from there he started a uh a thing called i don’t even know how to pronounce this chicalo but he was telling me all about this but basically a company like zales have you you know zales or do you know uh jake kay jewelers jared ernest jones peoples there’s a bunch of them so it’s all owned by this company called cignet cignet is a multi-billion dollar diamond business and what they do is they own all these brands and he was telling me he was like i was thinking about what makes that company special and he was like basically they have this headquarters where they just look at which diamonds are most popular uh which which brands and which cuts are selling the best and how can we tell all of our brands what we think are gonna be the next big thing how can we help you optimize that brand by selling a little bit more efficiently how can we buy in bulk things like that so it was basically it was just a normal mom and pop store but we just multiplied it by however many and so we just created these these this trends bit and then this economies that scale you know buying in bulk stuff not particularly special but but just executed really well and so he goes is well you know i’m going to build software so i’m going to help all the mom and pop jewelers do that same thing and so we went and started this new company and if you look at his linkedin and go to the website you can see it looks like really janky really simple um but they uh what they do is a mom and pop brand can sign up and they’ll the the the the the name of the company i think it’s called i don’t even know how to pronounce it it’s a horrible name how do you say that jocalio jocalio it’s yeah it’s really bad uh so jacalio will help you get bulk discounts but then we’ll help you uh spend your marketing so it’s almost a little bit like part agency part buying in bulk part um crm where you could like look at sales and like help predict which is going to be the most popular in order in bulk and i believe this company is going to be doing around 80 or so million in revenue um wow and so this freaking guy will have to like he’s he he he’s english as a as a second language and he’s real quiet and he’s real understated very low key and he was just telling me all about this and i had a few learnings the first is just it’s crazy the story i haven’t done [ ] in my life the second this guy’s a [ ] beast third yes he it just and he didn’t he’s not flashy i mean he had a nice watch on but he had normal clothes and he and he didn’t brag about himself i had a pull i pulled it out of him and he um a few things what we tell ourselves about why we can’t do something it’s [ ] it’s mostly [ ] i mean some people are more talented than others but you could just get so much done just by just by working really hard so what we tell ourselves about why we can’t do blank that’s nonsense second there’s this i don’t know like some people call it like the i think it’s called the red pill i forget what people call it where they like see the world differently i’ve hung out with enough people that just crush it and a lot of people who you don’t never even heard of and i’m in it and oftentimes i’ll like when i’m looking at this house i’m like oh should i buy this lot i got to sink this money into it it’s going to fail but there’s so many there’s a few people in this world and i know a lot of these people who just be like yeah of course just let’s do it and they’re just so confident i actually think you have a little bit of that in you um they’re just so confident and they default to optimism optimism and it works so well it’s like this this ability in this case it’s money but it could be anything it could be um you know well we’re just gonna fly there and we’re just going to figure it out but this is like default to yeah of course it’s going to work a few people have that and that attitude gets you so far uh and and i i’ve been able to experience that just by being around some of these people but it’s just a really fascinating person wow i love this uh i love that little story i love this guy this is extreme this is really cool and uh yeah i’m impressed i love meeting these kind of like under the radar you know self-made kind of like business badasses that have hopped from industry to industry it’s like there’s zero luck involved when you’re going to do that right there’s luck is luck is a like kind of a scalar it’s like a multiple of like the thing was successful whether ringtones were going to be worth 10 million or 20 million or 50 million of 1 million it was hard to say but if you’re the type person that’s going to make the ringtone business the mobile ad business the jewelry like independent business the whatever uh the the peer-to-peer lending company um you have you know the track record speaks for itself you know what you’re doing as far as like identifying an opportunity and then chasing it properly and i just googled this guy uh i it looks like he has a twitter but like no followers and he has 200 followers on instagram and he posts pictures of his vacation with his family like nothing sexy i mean yeah he’s got actually some fancy cars that’s sexy but i guess this whole point of like you get caught in this bubble of you have to build an audience no you don’t yeah no you don’t you don’t you don’t you can and maybe that could be fun for you you don’t you could do something that no one has ever heard of you you could just cold call and you could get done with it likely whatever you want to get done and another thing that i’ve learned is just intensity so this idea of well you have this ringtone business that’s kind of silly it’s like yeah maybe but i bet you like i mean it could make 10 million dollars a year which is like crazy rich um and just like stepping it up on the stepping up on the amp it up format on the intensity idea so i was working out this morning um with the guy whose house i’m in and so he was like hey like i don’t know if you’re up but like trainer’s coming at 8 a.m if you want to get a workout in yeah fantastic i’m up let’s do it so i go downstairs home gym crazy go inside trainer’s there we’re doing our thing and um and i don’t particularly work out i’m not like a super intense workout guy like i’m trying to do well but like my default is like i i feel the way most people feel in the workout like i’m getting super tired i’m like my muscles are failing like they’re not i don’t feel like i could do that anymore you know like i’m trying oh like if she’s like all right how much you want to squat i’m like well i don’t really know and uh all right let’s start with like a little bit and then like let’s go up from there i’m not like trying to like prove something every second of the workout but he was talking about um intensity during the workout he’s a very intense guy and so he uh um at the end we were doing abs just to finish and so we’re doing like a russian twist thing or whatever he’s facing the other direction he’s doing the other ab workout and we’re just taking turns i’m doing mine he’s doing his i’m doing the russian twist and he heard me ask the trainer i go should i have my legs in the air she’s like yeah that makes a bit harder and i was like okay cool let me try and so i was just doing it um it was just kind of like an offhand comment and then when it was his turn to go to that it was like the second round second set he’s like i gotta i gotta put my legs up now and she’s like no no you don’t have to you can just put it down he’s like no if he’s gonna do it then i gotta do it and he’s like he’s like that’s the best part about working out with somebody is that their intensity picks you up and if you pick the right partner then you match their intensity and you just get that little extra that you’re working again if you’re on your own he’s like that’s the best part and i think that’s what this podcast is for a lot of people is we are like their workout buddy for their like kind of like the brain workout basically of just thinking about businesses being excited about things learning new [ ] and so i think that’s the benefit we’re giving some people through this podcast but it’s also what um what like when you go meet this guy and you you know what’s the benefit of being this guy you’re not gonna do a deal with him you’re not gonna invest in his company but literally just having met him and heard his story all of a sudden now you you can you got red pill you’re gonna see the world just because you know that he exists and when we tell his story now hundreds of thousands of other people listening to this are gonna know that he exists i think that’s really cool and i think it’s something you should be intentional about of getting around other people so that you have those red pill moments and you get around other people’s intensity so you raise your game so let me give this guy a shout out i’ll spell his name because i don’t think i said his last name his name is val v-a-l last name i don’t know how to i’m sorry val but uh anyway that that’s his uh that’s his name pretty interesting dude if you click like contact info all of his companies are there his emails are on his linkedin interesting guy um okay so we’re like 45 are we gonna go to ideas are we gonna are we gonna are we gonna you wanna keep it to this like little i don’t know what what do you wanna do with so i have one that i think is gonna be a good segment we’re gonna finish on that let’s finish strong people are gonna be by the end of this people are gonna be hyped up all right so somebody i think by the way i i think they will dan are they gonna be hyped on this okay very hyped thanks you sounds great dad is trapped somewhere dana’s trapped inside my computer right now it sounds like all right so uh so i want to finish up with this idea of uh teenage side hustles so somebody emailed me and they said hey you know love the pod my kid is i think 12 13 years old they’re like i want to get him into entrepreneurship my daughter is like 11. my son is 13. i want them both to learn about business uh do you have any ideas for side hustles or little like kind of like mini hustles that a uh a teenager could do and so it got me thinking and so i started going down this i thought this would be a fun brainstorm for us i do have some ideas that i wrote down for this but i basically gave it 15 minutes of thought and i was like okay cool i’ll do this on the pod live what do you think great you you gotta kick it off though because you spent more time thinking about it and then i will uh i’ll come up with a few while you’re talking all right so here’s the teenage side hustles i break it down into four categories so the first one is called blue collar stuff okay so this is stuff people teens have been doing for a long time but with a twist here so uh local normal blue collar stuff you go you mow lawns in the neighborhood you deliver the paper you shovel snow depending on where you’re at i think that’s all cool so here’s how i would step it up so i would say hey here’s one thing we could do right we’re going to provide a service to our neighbors but let me teach you in business about leverage right we don’t want to trade our time for money i don’t want to be the one mowing the lawn i don’t want to be the one shoveling snow so you could do two things you could teach them to hire up other kids and basically have the other people in the neighborhood doing the work while you are doing the sales and uh you’re taking in the money and you’re paying out from there so you could teach them labor leverage there the other way of doing this is you have uh learn two things at once so you have door-to-door sales in your neighborhood but secondly you teach them about lead gen so instead of actually having to do the work all you need to do is make the sale um or or get the warm lead even so i was thinking you could go in a neighborhood you could go door-to-door so here’s my specific idea for them go go around your neighborhood and you’re gonna you’re gonna knock on the door and you’re gonna sell one of two things either pest control um so you’re gonna say hey we live in the neighborhood you know our house and other houses have had issues in the past with pests and infestations and it’s better to catch it early before it becomes like a major problem and you have to gut the whole kitchen because you got this you know mice infestation or rats or or cockroaches or whatever and so um would you be would you want a free inspection uh would you be interested in an inspection to let you know if your house good condition bad condition or needs need some work and then basically what you do is you call up the local you know pest control service and you say hey i have 15 houses in my neighborhood that are interested in getting an inspection and um and you know i think that even if 10 of them or 20 percent of them convert that you guys will get some good business out of this so um i’m calling up local services local service providers and seeing if anybody basically would want to uh want these leads and i have all their information for you i did the first first contact with them i have their name their number and i have the details about what they’re interested what they’re worried about what they’re interested in and basically i would sell those leads to a local pest control company i think you could make good money doing that just around your neighborhood and other neighborhoods and you would learn that hey you know where is the value capture the value capture is in getting the customer not and actually going and looking under the floorboards for cockroaches okay so that’s the first first blue collar one the other part of that oh hold on listen to this so i’m i’m trying to find there here it is okay so i i know a guy he spoke at hustle account his name is gabe gabriel oona asaseki so what he did was he he’s a friend of mine uh he started this company where basically they did legion so it was called cal finder so if you google california home painting california pest control you get brought to their website they just do a better job of displaying information you submit a lead they send it to a pink company and that paint company pays them five dollars for that email address the way it started is he bought a yellow notepad and he went door to door to find people who would be interested in having their home painted he collected a list of a hundred names in the first day and then he sold that for ten thousand dollars to a variety different like different pink paint companies and he did that a couple more times and then he eventually created a proper company that made 20 million dollars a year in sales so that’s the outcome or potential outcome to that yeah so the downside of this your kids might start making more than you do a year uh but the upside is they’ll learn a lot about business all right so that’s the first one you could do this with anything pool fencing hey you notice you have a pool but you don’t have a fence you know it’s against california law to have a fence without a pool when you have kids um you know would you like us to come out and give you an estimate of how much that would cost to keep it safe and you know so you could do pool fencing pest control home painting whatever doesn’t matter um so i so my specific idea would be blue collar lead gen that’s number one number two events so you’ve hosted conferences and events i think that you could if you’re a teenager i think you could host a neighborhood fair here’s how this works you go out you rent the bouncy house the slip and slide all the stuff that like for one individual home to do it’s kind of an expensive birthday party but if you’re gonna do it and amortize it across around across the the cost of the whole neighborhood it’s actually not a bad idea and so i would create the neighborhood fair i would charge for entry i would uh i would have a local sponsor you know the local bank would sponsor it because who could turn down your kids smile and say hey i’m hosting the neighborhood fair would you be a sponsor for us for 500 or whatever and uh you know all the proceeds go to us as kids you know to fund my own education and so i would basically rent a bunch of cool stuff have cotton candy have all the stuff charge tickets and uh neighborhood fair that’s my second idea events what do you think of that one i think that’s okay i would do the first one over the second one the second one sounds like a pain in the butt i’m just giving them options here i’m giving them options keep swinging three the theme of this one is little kids acting like adults so we’ve all had the like kind of fundraiser thing where you you go door to door and you say hey would you like to buy you know cookie dough and ice cream and wrapping paper for our like school charity great so here’s my twist on that my twist on that is that you call it the the bitcoin junior club or something the bitcoin kids club and basically you go door-to-door and say hey i’m really interested in bitcoin have you heard about bitcoin yeah i’ve heard of bitcoin well hey the neighborhood we want to create we uh you know two of us three of us kids in the neighborhood we were creating the first kids bitcoin club and what we want is uh for every house to invest somewhere between you know about a hundred dollars and we’re gonna buy bitcoin and you’re gonna own it and we’re gonna take a management fee on top of what we of of the of managing the money right so we’re going to create a little investment club we want to learn about finance and money this is a great way for us to do it and for you you’ll be owning bitcoin we’re going to help you out we’re going to teach you all about it we’re going to give a presentation at the end um and you know hey if your kid wants to be involved in the club they can too and so i would create this little and i would create a small little money management fund and i would try to get houses to give me you know a thousand bucks if they can depending on your neighborhood this is either impossible or it’ll be easy and i would go to the rich neighborhoods and i would say that’s what we’re doing and for them they actually get to own an asset so it’s not like they’re just giving away the money they’re actually going to get the asset but you’re going to charge you know you’re well instead of a normal two percent fee we’re going to call it a 10 fee that you’re going to take in exchange for managing money and then you’re going to send out a newsletter of the report about what’s going on in bitcoin i think it’s awesome i think that it’s just like yes this is an easy yeah it’s just it’s cute enough that it justifies sending your kid to hang out with people exactly okay so those are three ideas the way i was thinking about this and this is another piece is like how do you even brainstorm this so when i brainstorm i don’t think about what’s the idea right i’ll think about two things so the first thing i thought of was what do i remember from my childhood and then what’s the 20 twist i could put on this right so that’s the fundraising idea but the twist is now it’s for right or uh i used to mow lawns but the twist is actually i’m going to like sell those leads to a lawn mowing service that’s the first way i think about things what do i already know that i can just put a 20 twist on to make it fit this situation the second thing is i don’t look for answers when i brainstorm i look for questions so here’s the questions i wrote down before i brainstormed this i said what’s cute when a kid does it but annoying if an adult did it that’s a great i started brainstorming ideas right the second one is what’s fun for kids but boring for adults like you know my daughter she loves like cleaning like if i let her clean she’ll clean a folding she loves to fold uh kids actually like i used to have a lot of fun mowing lawns but like as an adult i hate to go mold on my lawn now and so if i know something that’s fun for a kid boring for an adult we can have them do it the next one is what are kids actually just good at that adults are bad at so there’s just things that kids are just better at okay what are those and lastly what amount of money is a win for a kid but would not be a win for an adult because then the kid can do it and they would be happy with it but no an adult won’t do it because this is not enough money there for the to fill the void of what they’re looking for at the opportunity cost and so that’s how i brainstormed this so that’s just a little peek under the hood about how to think about stuff like this is don’t answer look ask a bunch of questions and then spitball if i for my kid i would probably have them i would think of what skill should they learn now that they won’t have time to learn in the future so uh for for them that will have big impact for them i think it would be door i think door-to-door and i would sell i would send them to it like a an amco or i think it’s sorry cut co or some type of like door-to-door knife or door-to-door books some type of cutthroat time where it’s like look you’re gonna spend three months for two two different summers in a row you’re gonna do this you’re not gonna like it at first but the skill that you learn you’re never gonna be able to learn this again like this in your life and it’s gonna it’ll it’ll change your world if you can get this yeah exactly we’re not going to baseball camp we’re going to cutco camp you’re going to learn how to sell knives door to door this summer that’s what happens what i’m going to do that i think that would be the right move yeah anyway so those are my teenage side hustles to like i forgot the person who wrote in to whoever wrote in that’s my answer sorry i haven’t emailed you dan what do you think did we we meandered a little bit yeah i really liked the end i used to sell calendars in high school door-to-door got a friend by the way another my brain’s still firing on ideas here’s another one digitize the neighborhood’s home videos everybody i know who’s like kind of like my parents age they have a bunch of photos and albums and videos on like little cassettes that’s a great business they’re worried that those are all gonna go away and you just say hey i’m gonna drop this box off in front of every door and i’m just going to put a sticker on it and i’m going to say put your put your photos and videos here in here i’m going to give it back to you you know sort of i’m going to send you it i’ll put it in the cloud for you so you’ll have these forever in good quality and you never have to worry about these going bad or losing this box water spilling on it or anything like that let’s let’s save your memories i think everything is one that’s the the g that’s incredibly smart because you don’t need to be that good at doing it you just have to have time yeah exactly we could basically just go drive it to like costco or whoever does this but or you could do it yourself um i don’t know if it’s costco but like some of these yeah one of the retailers they do this they’ll digitize that’s a great service to offer uh offer because your time is free yeah right i would that’s a good one that’s what i would do i would pick that one um all right i guess that’s the episode we’ll see what people think of that i thought it was actually quite good i enjoy hearing stories uh love people so we’ll see if it’s good yeah let us know uh tweet it sam he’s the sampara on twitter tweet at me i’m sean vp and uh let us know what you think of the episodes we take that feedback and that’s how we adjust a little less randomness a little less life advice a little more ideas a little more stories about wealthy people whatever you guys want so let us know how you want us to shift it i put my law in it like my days off on the road less travel never looking back