Andrew Wilkinson (@awilkinson) joins Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) to talk about delegation, hiring 1 to hire 10, how to handle getting hacked, Shaan's $200K NFT purchase, and more. ----- Links: * https://www.tinycapital.com/ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ----- Show Notes: (01:30) - Thoughts on getting hacked (17:15) - Bored Ape Yacht Club and Crypto Punks merger and Shaan's $200K NFT (22:30) - How to navigate volatility in global events (26:40) - The value of starting an agency (33:30) - Thoughts on Lee Kuan Yew (35:15) - Hire 1 to hire 10 (41:10) - Andrew's ghost kitchen (46:00) - Why certain people can have success after success (57:30) - Why bad guys always win (01:15:30) - "The Macolm Gladwell Effect" ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Andrew discusses the prevalence of hacking and the importance of being aware of and prepared for online attacks. He also shares his insight on the decision to hire the first employees and his personal coping mechanisms for the stress of running a business during turbulent times.
Journalist Jamal Khashoggi fell for a phishing scam that ultimately led to his capture and murder, according to a new book by an FBI agent who investigated the case.
Governments and hackers are constantly seeking exploits and vulnerabilities in iPhones which are sold at high prices, sometimes up to seven figures. There are cybersecurity companies that claim they can find these exploits within two hours given a budget.
The FaceApp application and TikTok are examples of technology that can pose a threat to personal privacy by accessing personal data, including the camera roll, camera, and facial identity of the user.
The number one NFT project has been acquired by the number two NFT project. This merge will result in a combined total of 3 billion dollars in NFT sales.
A user expresses their experience of buying art as NFTs, the apprehension towards scams and realization of the importance of security measures.
Starting out in NFTs and crypto often involves taking risks and potentially losing money, but it's important to begin. Warren Buffet's advice on valuing assets is also relevant to this space.
The biggest mistake made by big agencies is starting fancy, humongous offices in big cities when they have an opportunity to grow their business. Owners should consider owning majority in their own business, as it can be very beneficial for growth.
The CEO of AeroPress was hired to make the company a more business-friendly place, using his experience and mindset to help grow the company. Unlike many in the political realm, his focus is on growth and not on politics.
The speaker talks about the importance of having a downside in setting up a business agreement to ensure a sense of loss for each party if the business fails. They also discuss the different winning and losing formulas in businesses.
The speaker shares his experience of transitioning from a structured work environment to starting multiple successful businesses and how an abundance mindset and being on offense has helped him grow his ventures faster.
The speaker reflects on their previous startup projects where they felt their execution was great but market risk was high. The speaker shares how advice from a mentor helped them finally utilize their skills and talents with a new project.
The act of chopping wood can be therapeutic and help with anxiety. Warren Buffett made 97% of his wealth after the age of 55.
The speaker talks about a person named Gurbash who was on Oprah as a successful young millionaire and discusses an ethical dilemma of wanting to label him as a bad person.
The quality of the pitch can either underweight or overweight a business opportunity despite its true potential. Quality pitches can sometimes cloud judgments on a business opportunity and make it seem better than it is.
The speaker mentions that his writing style has been greatly influenced by DHH and Jason Fried's work. He explains how these entrepreneurs have influenced his style and how they focus on businesses that have actual revenues and profits.
In this conversation, the speaker argues that the story of David and Goliath is not as intense as it is made out to be and that Goliath was not a worthy competitor due to various physical and mental challenges.