Sam Parr (@theSamParr) is joined by Noah Kagan (@noahkagan) to discuss how AppSumo started, what he's working on now, what he learned from his recent meeting from Peter Thiel, the books that have had. the biggest impact on him, and what he's reading now. _____ * 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 & Links: (0:30) - Noah's schedule and what he's working on now (11:30) - Why Noah doesn't think 10 years ahead (22:15) - Does being rich really make you happier? (Yes) (35:05) - Noah's thoughts from meeting Peter Thiel and startup cities (47:10) - How would you live differently if you were a billionaire? (58:15) - What Noah and Sam are reading
The speaker talks about his previous experience with meaningless meetings, mentioning how Silicon Valley tech worker trauma is getting less than a 20% raise. Nonetheless, he expresses his love for meetings now that he is no longer running the company day to day.
In this segment, the speaker compares themselves to a Chinese dish, stating that they are "sweet and sour pork" and not "supposed" to be a certain way. They also mention having a diary and therapy, and question the significance of those practices.
In this podcast episode, the speaker discusses the valuation of AppSumo and its potential worth of $200-$300 million or even a billion, despite generating around $80 million in revenue annually.
The speaker emphasizes the importance of tracking metrics in advertising campaigns, from the number of phone calls generated to the number of signed contracts and revenue made. The episode is sponsored by the Side Hustle Pro Podcast, which focuses on helping people turn their side hustles into successful businesses.
By worrying too much about the future of a business, companies can lose sight of taking care of customers in the present, leading to potential failure. Staying focused on present goals and taking small steps can lead to a more successful business in the long run.
AppSumo may be undisciplined with its spending and hiring due to good times. There is a potential for AppSumo's payroll to reach $50 million in 10 to 20 years.
The podcast host describes his experience with running a business, emphasizing the importance of having a staff and delegating tasks effectively to avoid micro-management.
The speaker talks about how she recognized a guy named Ross, who she met at a party and chitchatted with, in old pictures after he got arrested. The speaker mentions finding a centralized system like Operations Hub Enterprise to keep data clean.
AppSumo promotes partners and makes a lot of revenue, while former Shopify store owners become crypto experts. Sam and the speaker discuss the financial gains and losses of micro and macro investments.
The speaker shares his thoughts on investing in image and status, and compares it to creating your own company which has high returns. He also mentions his hesitation in buying crypto punks and his recent purchase of apes.
The hosts talk about the importance of grinding, emphasizing the need to focus on something that has a higher upside for oneself.
The speaker reflects on creating an environment that fosters success by helping others achieve their goals. They also discuss the mind-blowing impact of NFTs.
Young, fashionable New Yorkers paid to be part of an online group that organized exclusive meetups. The group serves as an "index fund" of crypto and other assets.
The future of gene editing could lead to regenerating body parts, saving lives and revolutionizing healthcare. The possibilities are endless, but it's important not to rush into anything and make ethical considerations.
The speaker criticizes a boss for bullying and harassing employees and how it reflects poorly on their character and leadership skills.
The speaker talks about the hyper-disciplined life of a genius and whether he has a crazy diet plan that contributes to his success.
The speaker explores the concept of cities and their importance in the context of society, touching on the idea that citizens are like shareholders of a country and questioning why some cities thrive while others fail.
The speaker talks about his friend who has residents in New Zealand and a private jet waiting for him. He also mentions his desire to have fun activities like shooting guns and driving motorcycles on a friend's land.
The speaker expresses excitement about the concept of living life to the fullest and enjoying the moment with friends. They also reflect on the challenges of persevering through the last lap of a project or endeavor.
The speaker admires Nick's evolution from a meathead jocklifter to an elite-level storyteller content creator. The admiration stems from Nick's dedication to his work, evident from starting his businesses at 4 a.m. while stationed in Korea.
The speaker has a newfound fascination with watching outdoor survival shows featuring a white man who looks like a Native American and wears bear skin, and is currently watching the show.
The Library Extension is a tool that displays if specific books are available in digital or audio format for free through your local library, with excellent reviews.
The speaker mentions David Goggins' book and how it's been popular, but expresses reluctance to take notes while reading a book about walking around in underwear, or killing Osama bin Laden.
The podcast features a discussion on popular books such as "Out of Thin Air" and how they preoccupy the minds of people who prefer reading biographies. The podcast also mentions the book "Billion Dollar Whale" being widely read in schools in Russia and its controversy.
The speaker received the "Out of Thin Air" book as a gift and is unsure if it's good, although it's been pretty interesting so far. They recommend reading "Free Country" and liked "I Got a Rock".