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Episode

How FTX Scaled A $30 Billion Company With Only 30 Engineers!
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1:03:54
Published: Tue Jun 21 2022
Description

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about the problem of over hiring (example FTX), party planning tips from entrepreneur Nick Gray's new book, and one successful egg carton business. Also, want $5,000? Check out the My First Million Clips contest. ----- Links: * Nick Gray * 2-Hour Cocktail Party book * The 2-Hour Cocktail Party Amazon link * Streamyard * SSSTIK * Eggcartons * Sam's Tweet about Whole Foods Entrepreneur * 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: (03:45) - Party takeaways from Nick Gray (24:40) - Colin and Samir recap (32:15) - FTX and not hiring many people (52:50) - Egg Cartons (58:00) - Whole Foods tweet ----- 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

Chapters
HubSpot CRM offers all the tools you need to grow your business from automating tedious tasks, tracking contact info to keeping the team up-to-date and all for free.
00:00 - 01:15 (01:15)
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HubSpot CRM
Summary

HubSpot CRM offers all the tools you need to grow your business from automating tedious tasks, tracking contact info to keeping the team up-to-date and all for free.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker shares his thoughts on having a cool version of "happy birthday" that can make anyone the life of the party.
01:15 - 03:20 (02:05)
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Life Hack
Summary

The speaker shares his thoughts on having a cool version of "happy birthday" that can make anyone the life of the party. Though it has an Indian vibe, it is a simple life hack for everyone.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker describes an entrepreneurial figure who looks a bit slick and compares him to Dennis the Menace if he were 40.
03:20 - 07:22 (04:01)
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Entrepreneurship
Summary

The speaker describes an entrepreneurial figure who looks a bit slick and compares him to Dennis the Menace if he were 40. They suggest that successful online entrepreneurs often build a business around small pieces of life advice or insights.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker shares insights on how to deal with social awkwardness and offers a few tips to appear confident in social situations.
07:22 - 09:46 (02:24)
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Social skills
Summary

The speaker shares insights on how to deal with social awkwardness and offers a few tips to appear confident in social situations.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
No identifiable information or context can be derived from the given text.
09:46 - 13:41 (03:55)
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None
Summary

No identifiable information or context can be derived from the given text.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker discusses the nuances of hosting a successful event, including details such as seating arrangements and post-event communication, and shares how Nick, a professional party planner, has helped them improve.
13:42 - 19:06 (05:23)
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party planning
Summary

The speaker discusses the nuances of hosting a successful event, including details such as seating arrangements and post-event communication, and shares how Nick, a professional party planner, has helped them improve. They also note Nick's flamboyant and loud personality.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The key to hosting an unforgettable event is in the details.
19:07 - 24:56 (05:49)
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Event Planning
Summary

The key to hosting an unforgettable event is in the details. Adding thoughtful touches, such as curated experiences and attention-grabbing sound, can make all the difference in creating a 10 out of 10 experience for attendees.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The key to growth for social media companies now extends beyond their core business and into platforms like TikTok.
24:56 - 29:21 (04:24)
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Social Media
Summary

The key to growth for social media companies now extends beyond their core business and into platforms like TikTok. With collaborations between influencer pages and aspiring entrepreneurs cropping up frequently, TikTok is quickly becoming a top priority.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker discusses seven growth hacky strategies utilized by a company that grew from zero to $30 billion in three years, highlighting their unique approach to running a successful business.
29:21 - 34:18 (04:57)
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Business Growth
Summary

The speaker discusses seven growth hacky strategies utilized by a company that grew from zero to $30 billion in three years, highlighting their unique approach to running a successful business.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The hosts of tech industry podcasts are some of the most intelligent, well-read, and influential people on the planet who have built and sold some of the most innovative companies for billions of dollars.
34:18 - 39:54 (05:35)
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Tech Industry
Summary

The hosts of tech industry podcasts are some of the most intelligent, well-read, and influential people on the planet who have built and sold some of the most innovative companies for billions of dollars.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The incentive in companies is to have layers and layers of people where the top performers are unknown over time, as it promotes hiring and promotion of personnel.
39:54 - 46:06 (06:12)
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Business Management
Summary

The incentive in companies is to have layers and layers of people where the top performers are unknown over time, as it promotes hiring and promotion of personnel. The existence of the 80/20 principle where 20% of people do 80% of the work would still exist, but at a higher level, sharing of information would be limited as layers are added in a company.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
A young company founded by two individuals initially started as a streaming platform for gamers but eventually shifted towards a professional streaming experience with various overlays available.
46:06 - 49:25 (03:18)
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streaming platform
Summary

A young company founded by two individuals initially started as a streaming platform for gamers but eventually shifted towards a professional streaming experience with various overlays available.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The speaker discusses common misconceptions people have about being from the Midwest, including assumptions about hunting and rural Southern culture.
49:25 - 52:48 (03:23)
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Midwest
Summary

The speaker discusses common misconceptions people have about being from the Midwest, including assumptions about hunting and rural Southern culture.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
The successful business of wholesale egg carton packaging is a multimillion dollar industry that can be accessed by contacting egg cartons.com, and it is the backbone of every grocery or corner store in America.
52:50 - 56:00 (03:09)
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Business
Summary

The successful business of wholesale egg carton packaging is a multimillion dollar industry that can be accessed by contacting egg cartons.com, and it is the backbone of every grocery or corner store in America.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
In this episode, the host discusses the idea that boring businesses can also be lucrative, citing examples such as egg carton manufacturers and souvenir resellers.
56:00 - 59:01 (03:00)
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Business
Summary

In this episode, the host discusses the idea that boring businesses can also be lucrative, citing examples such as egg carton manufacturers and souvenir resellers.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
A homemade sourdough mix is recommended for those who struggle with digestion when consuming yeast-based products such as bread and pastries, as it is easier on the stomach and reduces bloating.
59:01 - 1:01:49 (02:48)
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Sourdough, Digestion
Summary

A homemade sourdough mix is recommended for those who struggle with digestion when consuming yeast-based products such as bread and pastries, as it is easier on the stomach and reduces bloating.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million
In this podcast, the hosts discuss how they were able to increase sales for a pool company by tweeting about it, showing how social media can have a significant impact in moving the needle for a business.
1:01:49 - 1:02:40 (00:50)
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Social Media Marketing
Summary

In this podcast, the hosts discuss how they were able to increase sales for a pool company by tweeting about it, showing how social media can have a significant impact in moving the needle for a business.

Episode
How FTX Scaled A $30 Billion Company With Only 30 Engineers!
Podcast
My First Million