Episode
#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
59:07
Published: Fri Dec 18 2020
Description
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: 5:53 Dan Gilbert owns the Cavs...and a lot more 11:48 How Dan Snyder made his billions 13:40 How to pounce on new opportunities 20:20 MicroStartegy's big bet into bitcoin 29:00 The right way to learn from billionaires 34:24 The big business of lawn care and pest control 40:08 A company licensed GPT-3 - three months later they make $20k/month 42:03 Manager's for engineers? 46:58 How big companies work vs startups Thank you to our sponsor this episode, Flatfile! Spend less time on Excel and more time building your business by easily importing data using Flatfile. Check them out at flatfile.io/hustle. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
HubSpot CRM is a one-stop shop with all the tools needed to grow a business by automating tedious tasks, keeping track of contact info and deals, and providing access to the same data to better serve customers and reach business goals, all for free.
00:00 - 01:26 (01:26)
Summary
HubSpot CRM is a one-stop shop with all the tools needed to grow a business by automating tedious tasks, keeping track of contact info and deals, and providing access to the same data to better serve customers and reach business goals, all for free.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The speaker talks about the snobbish coffee culture, where people seem to judge the quality of a coffee shop based on how snobby it is, and also how talent tends to be distributed within the country, where famous coffee shops in major cities tend to have some of the most talented baristas in the top percentile of their craft.
01:26 - 06:32 (05:06)
Summary
The speaker talks about the snobbish coffee culture, where people seem to judge the quality of a coffee shop based on how snobby it is, and also how talent tends to be distributed within the country, where famous coffee shops in major cities tend to have some of the most talented baristas in the top percentile of their craft.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The founder of a successful sneaker shop realized the potential in sneaker culture and began manufacturing the latest sneakers with their own brand name, competing with established brands such as Nike, Adidas etc., and later became a billion-dollar company.
06:32 - 11:27 (04:55)
Summary
The founder of a successful sneaker shop realized the potential in sneaker culture and began manufacturing the latest sneakers with their own brand name, competing with established brands such as Nike, Adidas etc., and later became a billion-dollar company.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
In this podcast, the hosts discuss the financial prowess of business owners, who make a living off acquiring companies or purchasing wall space at doctor's offices and taking a cut from pharmaceutical companies.
11:27 - 13:59 (02:31)
Summary
In this podcast, the hosts discuss the financial prowess of business owners, who make a living off acquiring companies or purchasing wall space at doctor's offices and taking a cut from pharmaceutical companies.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The speaker talks about their skepticism towards SPACs and how they are nowhere close to being as aggressive as some investors when it comes to accumulating stocks.
13:59 - 18:48 (04:49)
Summary
The speaker talks about their skepticism towards SPACs and how they are nowhere close to being as aggressive as some investors when it comes to accumulating stocks.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The US government has printed trillions of dollars, inflating the monetary supply by up to 30%.
18:49 - 23:28 (04:38)
Summary
The US government has printed trillions of dollars, inflating the monetary supply by up to 30%. This could have implications for billion-dollar enterprise companies like Qualtrics, in contrast to stocks like Nikola that are more easily understandable to investors.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
This episode discusses an individual who recognized the potential of the internet early on and invested in numerous domain names, such as courage.com and Michael.com, before they were worth millions.
23:28 - 26:12 (02:43)
Summary
This episode discusses an individual who recognized the potential of the internet early on and invested in numerous domain names, such as courage.com and Michael.com, before they were worth millions.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The podcast features an interviewee who has a no-f***s-given attitude and discusses how he grew his consulting company from zero to nine million a year with no prior technology knowledge.
26:12 - 28:58 (02:46)
Summary
The podcast features an interviewee who has a no-f***s-given attitude and discusses how he grew his consulting company from zero to nine million a year with no prior technology knowledge.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
Andrew discusses the difference between those who understand where the world is going and those who can actually run a company in that direction, using an example of someone who stayed at $350K while Andrew built his company to $50 million.
28:58 - 32:28 (03:30)
Summary
Andrew discusses the difference between those who understand where the world is going and those who can actually run a company in that direction, using an example of someone who stayed at $350K while Andrew built his company to $50 million. He also mentions a hedge fund conference he attended where speakers shared their investment strategies.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The speaker tells a story about making fun of someone's company name during a conversation and also mentions that looking at a person's track record and not just their few successes is important.
32:28 - 35:43 (03:14)
Summary
The speaker tells a story about making fun of someone's company name during a conversation and also mentions that looking at a person's track record and not just their few successes is important.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
In this podcast, the speaker recounts their experience of an Airbnb stay that was welcomed by hundreds of ladybugs, to the point where they had to call the host to remove them, and they eventually got a green treatment cleaning for the house that forced them to leave for 45 minutes.
35:43 - 40:24 (04:41)
Summary
In this podcast, the speaker recounts their experience of an Airbnb stay that was welcomed by hundreds of ladybugs, to the point where they had to call the host to remove them, and they eventually got a green treatment cleaning for the house that forced them to leave for 45 minutes.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The transcript discusses German spies in the 1940s and their perfect accents, a software for enterprise that misinterprets "cloud" as actual clouds in the sky, and an automated tool for fake reviews.
40:24 - 45:36 (05:11)
Summary
The transcript discusses German spies in the 1940s and their perfect accents, a software for enterprise that misinterprets "cloud" as actual clouds in the sky, and an automated tool for fake reviews.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The negotiation process is different when dealing with personalities rather than companies.
45:36 - 50:10 (04:34)
Summary
The negotiation process is different when dealing with personalities rather than companies. Those with less experience in big companies can lack the skills and tactics that come with experience.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The founders of a successful company discuss the difficulty of planning for the future when the present demands so much attention and effort.
50:10 - 54:39 (04:28)
Summary
The founders of a successful company discuss the difficulty of planning for the future when the present demands so much attention and effort.
Episode#138 - How A Big Bitcoin Bet Paid Off, How To Best Learn From Billionaires, And Should Engineers Have Managers?
PodcastMy First Million
The podcast speaker shares an approach for handling disagreements in the workplace by challenging ideas politely in public and following up with private conversations when necessary, instead of belittling colleagues in front of a group.
54:39 - 57:59 (03:20)
Summary
The podcast speaker shares an approach for handling disagreements in the workplace by challenging ideas politely in public and following up with private conversations when necessary, instead of belittling colleagues in front of a group.