Episode
Oculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
1:29:41
Published: Tue Oct 25 2022
Description
Episode 378: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with billionaire Palmer Luckey (@PalmerLuckey), founder of Oculus and Anduril, about what he's done with his money since selling Oculus to Facebook, his ideas for a new prison system and sewer food, as well as his take on national security and why he flies coach. ----- Links: * The Blog of Palmer Luckey * Anduril * 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: (07:05) - How much did you make from the Oculus sale? (13:55) - Palmer's journey from minimum wage to millionaire (18:55) - What did you do with your money when you sold Occulus? (26:30) - Palmer's crypto investment (29:15) - What are the online forums that people should be hanging out in? (37:45) - What ideas were you pursuing after you sold Oculus (prisons, food)? (54:40) - What does Anduril do? (01:15:15) - Jason Calacanis vs. Palmer (01:23:25) - Flying coach ----- 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 creator of Oculus, Palmer Lucky, owes much of his success to the existence of broken iPhones, which allowed him to buy, unlock, repair, and sell the devices on eBay to fund his early projects.
00:00 - 00:36 (00:36)
Summary
The creator of Oculus, Palmer Lucky, owes much of his success to the existence of broken iPhones, which allowed him to buy, unlock, repair, and sell the devices on eBay to fund his early projects.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The guest talks about the importance of corporate values and how his passion and determination for unconventional things drove him to create Android and succeed in the corporate world.
00:36 - 06:03 (05:27)
Summary
The guest talks about the importance of corporate values and how his passion and determination for unconventional things drove him to create Android and succeed in the corporate world.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The founder of Oculus discusses the decision to turn down a billion dollar offer to sell his company and instead continue to develop the VR technology, as well as turning down a job offer from Sony to run a PlayStation VR lab.
06:03 - 10:06 (04:02)
Summary
The founder of Oculus discusses the decision to turn down a billion dollar offer to sell his company and instead continue to develop the VR technology, as well as turning down a job offer from Sony to run a PlayStation VR lab.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The creator of virtual reality headset Oculus, Palmer Luckey, shares his journey from being a broke college student to selling Oculus to Facebook for $2 billion.
10:06 - 13:53 (03:47)
Summary
The creator of virtual reality headset Oculus, Palmer Luckey, shares his journey from being a broke college student to selling Oculus to Facebook for $2 billion. He also discusses the current state and future of virtual reality technology.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The speaker discusses how he manages his wealth as an entrepreneur, stating that he follows a typical 80-20 split and invests in real estate and HubSpot stock.
13:53 - 21:37 (07:43)
Summary
The speaker discusses how he manages his wealth as an entrepreneur, stating that he follows a typical 80-20 split and invests in real estate and HubSpot stock.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The speaker describes how they bought into the original cool vision of cyberpunk rather than new cutting-edge technology with slight improvements in controlling light.
21:37 - 26:42 (05:05)
Summary
The speaker describes how they bought into the original cool vision of cyberpunk rather than new cutting-edge technology with slight improvements in controlling light. They also discuss the focus on cryptocurrency by new investors.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The speaker shares their experience with early internet forums and the challenges they faced as a young person trying to learn about complicated subjects like Bitcoin.
26:42 - 31:05 (04:23)
Summary
The speaker shares their experience with early internet forums and the challenges they faced as a young person trying to learn about complicated subjects like Bitcoin.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The podcast hosts discuss the importance of both creativity and affordability in technology, highlighting the way that some companies are aiming to attract people with those skills who may not have the financial means to pursue a career in tech.
31:05 - 35:55 (04:49)
Summary
The podcast hosts discuss the importance of both creativity and affordability in technology, highlighting the way that some companies are aiming to attract people with those skills who may not have the financial means to pursue a career in tech.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
Entrepreneur and venture capitalist, Chris Redlitz, discusses his efforts to eradicate the incentives of the private prison system in order to prevent inmate recidivism.
35:55 - 40:48 (04:52)
Summary
Entrepreneur and venture capitalist, Chris Redlitz, discusses his efforts to eradicate the incentives of the private prison system in order to prevent inmate recidivism.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The application of soft goods engineering principles in creating fake food that has no caloric value and feels and tastes like real food can be explored to solve the problems of a fake burger manufacturer such as texture, searing, and how it feels in the mouth.
40:48 - 46:17 (05:28)
Summary
The application of soft goods engineering principles in creating fake food that has no caloric value and feels and tastes like real food can be explored to solve the problems of a fake burger manufacturer such as texture, searing, and how it feels in the mouth.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The podcast discusses the hands of time of social media in Silicon Valley and the unfairness of the media towards certain individuals.
46:17 - 51:13 (04:56)
Summary
The podcast discusses the hands of time of social media in Silicon Valley and the unfairness of the media towards certain individuals.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
During World War II, the US adopted a contracting system allowing companies to turn their focus from industrial to war production.
51:13 - 56:31 (05:17)
Summary
During World War II, the US adopted a contracting system allowing companies to turn their focus from industrial to war production. This system was necessary as companies had no prior experience in making weapons or tanks, and needed to estimate the cost of doing so.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The CEO of Anduril Industries talks about how their technology is inspiring companies both inside and outside of defense to pivot in defense and start new defense companies, while also discussing the potential for serious conflict and nuclear weapons in the future.
56:31 - 1:06:48 (10:17)
Summary
The CEO of Anduril Industries talks about how their technology is inspiring companies both inside and outside of defense to pivot in defense and start new defense companies, while also discussing the potential for serious conflict and nuclear weapons in the future.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The threat of small-scale tactical nuclear weapons is often enough to deter intervention in conventional warfare.
1:06:48 - 1:13:33 (06:45)
Summary
The threat of small-scale tactical nuclear weapons is often enough to deter intervention in conventional warfare. This raises concerns that it could incentivize more nations to obtain their own tactical nuclear weapons, causing challenges for global safety.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The podcast discusses personal branding, recruitment and where individuals can find job opportunities, while also bringing humour to the conversation.
1:13:33 - 1:17:34 (04:00)
Summary
The podcast discusses personal branding, recruitment and where individuals can find job opportunities, while also bringing humour to the conversation.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The CEO of Anderol strongly disagrees with their outspoken Democrat CEO's political beliefs, but at work, their focus is 99% on their virtual reality company and only 1% on their personal beliefs.
1:17:34 - 1:22:17 (04:43)
Summary
The CEO of Anderol strongly disagrees with their outspoken Democrat CEO's political beliefs, but at work, their focus is 99% on their virtual reality company and only 1% on their personal beliefs.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
In this transcript, the speaker explains how he expects his employees to fly coach over business class even though he has the resources to fund their travels, in order to remain grounded and relatable to his team while reducing travel costs.
1:22:17 - 1:27:43 (05:25)
Summary
In this transcript, the speaker explains how he expects his employees to fly coach over business class even though he has the resources to fund their travels, in order to remain grounded and relatable to his team while reducing travel costs.
EpisodeOculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook
PodcastMy First Million
The hosts and the guest conclude their conversation with agreeing to disagree but respecting each other's opinions.
1:27:43 - 1:28:28 (00:45)
Summary
The hosts and the guest conclude their conversation with agreeing to disagree but respecting each other's opinions. The hosts thank the guest and invite him to come back for another conversation in the future.