Episode
How Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
59:30
Published: Tue Sep 27 2022
Description
Episode 367: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about how Roger Federer became a billionaire, learning to bet on yourself to make more money, the Figma seed-stage pitch, and much more. ----- Links: * More Money Than God * Grit * (YT) Dylan Field pitches Figma to Daniel Gross * (YT) Inventing on Principle - Bret Victor * 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: (01:20) - Figuring out employee incentives (13:35) - Idea: Pooling tech employee options (20:50) - When the main thing doesn't make the main money (26:15) - Billy of the week: Roger Federer (36:30) - JP Morgan doesn't know anything (40:45) - Figma Seed Pitch (52:40) - Floyd Mayweather and betting on yourself ----- 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
The host talks about their aspirations and interests, including reading a book on the history of hedge funds.
00:00 - 00:26 (00:26)
Summary
The host talks about their aspirations and interests, including reading a book on the history of hedge funds.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The speaker discusses an unconventional investment strategy of borrowing leverage to go long on stocks, as well as the importance of using inverse incentives when evaluating different services for investment.
00:26 - 04:35 (04:09)
Summary
The speaker discusses an unconventional investment strategy of borrowing leverage to go long on stocks, as well as the importance of using inverse incentives when evaluating different services for investment.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
Incentives have been proven to be key in achieving successful results, as demonstrated by the story of Goliath's pituitary gland problem and Indian incentive structures.
04:35 - 11:19 (06:43)
Summary
Incentives have been proven to be key in achieving successful results, as demonstrated by the story of Goliath's pituitary gland problem and Indian incentive structures.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The speaker proposes the creation of a credit rating agency that rates stock options based on performance, allowing for better investment decision making.
11:19 - 15:04 (03:45)
Summary
The speaker proposes the creation of a credit rating agency that rates stock options based on performance, allowing for better investment decision making.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The founder of O'Reilly Media, Tim O’Reilly, is known as the Oracle of Silicon Valley and has been in the game since the 70s and 80s, making millions of dollars a year through books, conferences, and technical content.
15:05 - 21:40 (06:34)
Summary
The founder of O'Reilly Media, Tim O’Reilly, is known as the Oracle of Silicon Valley and has been in the game since the 70s and 80s, making millions of dollars a year through books, conferences, and technical content. O'Reilly discusses the leadership principle of giving people autonomy while revealing that there are rules to the process.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The key to success in investing lies in making smart choices and following a few tips from famous entrepreneurs who have made millions through strategic investments in crypto and companies like Uber and Shopify.
21:40 - 24:12 (02:32)
Summary
The key to success in investing lies in making smart choices and following a few tips from famous entrepreneurs who have made millions through strategic investments in crypto and companies like Uber and Shopify.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
Tennis players make a significant amount of their income from sponsorships, with Roger Federer earning $90 million from off-court deals compared to his $300,000 in prize money.
24:12 - 28:46 (04:34)
Summary
Tennis players make a significant amount of their income from sponsorships, with Roger Federer earning $90 million from off-court deals compared to his $300,000 in prize money. Sponsorship deals are often specific to the player and can include significant sums of money even if they retire during the agreement.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The speaker describes a memory where he was sitting at the longest boardroom table and wondered about the value he brought to the table.
28:46 - 32:17 (03:30)
Summary
The speaker describes a memory where he was sitting at the longest boardroom table and wondered about the value he brought to the table. He compares this table to the Ryder Cup in golf and analyzes its interesting aspects.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The podcast discusses the concept of grit and how it applies to making sacrifices for future success.
32:17 - 36:32 (04:15)
Summary
The podcast discusses the concept of grit and how it applies to making sacrifices for future success. The speakers also touch on a recent report by a statement analyst that was unexpected.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
In this episode, the hosts discuss the use of filler words such as "like" in conversation and how they can be distracting.
36:32 - 41:25 (04:52)
Summary
In this episode, the hosts discuss the use of filler words such as "like" in conversation and how they can be distracting. They also touch on the topic of hedge funds and the perception of the people who run them.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The talk focuses on the development of WebGL, a web framework that allows people to build cool graphic stuff and real-time 3D designs in their browsers.
41:25 - 46:35 (05:10)
Summary
The talk focuses on the development of WebGL, a web framework that allows people to build cool graphic stuff and real-time 3D designs in their browsers. The Webflow guy demonstrates the difference in the building process between having to select options from a menu or write code versus easy editability with drag and drop tools.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The speaker discusses finding happiness in completing simple tasks rather than striving for grand achievements and impressing others.
46:35 - 50:28 (03:53)
Summary
The speaker discusses finding happiness in completing simple tasks rather than striving for grand achievements and impressing others.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The popular image of a successful entrepreneur is of a party guy who owns strip clubs and somehow makes a ton of money.
50:28 - 55:27 (04:59)
Summary
The popular image of a successful entrepreneur is of a party guy who owns strip clubs and somehow makes a ton of money. However, in reality, many successful entrepreneurs are well-disciplined and dedicated to their work, like athletes.
EpisodeHow Roger Federer Became A Billionaire, Betting On Yourself, And The Figma Seed-Stage Pitch
PodcastMy First Million
The podcast hosts joke about embracing being average and finding success with just covering everything a little bit.
55:27 - 55:58 (00:31)
Summary
The podcast hosts joke about embracing being average and finding success with just covering everything a little bit.