Episode

SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
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40:58
Published: Mon Jun 28 2021
Description

"Most people underestimate what you can do in 10 years". In this episode we give examples of great startups that took longer than you thought to build. Then, we give tactics on how to overcome this...how to keep going through years of hard work. This is a very special episode. Tweet Sam (@thesamparr) if you want to see more of them. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:02) Intro to episode * (5:56) Tim Westergren on Pandora's origins * (7:56) Sam's commentary * (10:48) Vlad Magdalin on Webflow's struggles * (12:44) Sam's commentary * (13:45) Steve Jobs on Passion * (14:27) Sam's commentary * (18:46) Tim Westergren's speech * (19:54) Sam's commentary * (20:52) What drove Vlad to keep trying * (22:13) Sam's commentary * (24:04) Chris Sacca on Travis Kalanick's competitiveness * (25:09) Sam's commentary * (26:43) A story about Travis' first business * (27:13) Sam's commentary * (29:19) Marc Cuban on focusing * (29:53) Sam's commentary * (34:21) What drives Chamath * (36:12) Episode close

Chapters
HubSpot Podcast Network offers practical tips and inspirational stories for entrepreneurs and startups with experts in different business areas.
00:00 - 01:52 (01:52)
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Entrepreneurship
Summary

HubSpot Podcast Network offers practical tips and inspirational stories for entrepreneurs and startups with experts in different business areas.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
In this podcast, the speaker urges listeners to play the long game and to persevere through the difficult stages of creating something great.
01:52 - 07:01 (05:09)
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Perseverance
Summary

In this podcast, the speaker urges listeners to play the long game and to persevere through the difficult stages of creating something great. He draws inspiration from successful people who went through similar struggles and discusses the benefits of dedicating more time to one's goals.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
The founder of a business quit his job in 2004 and convinced his employees to work for an ever decreasing salary until they weren't paid at all by the end of 2000, leading to a period of incredible financial strain and debt.
07:01 - 12:38 (05:37)
listen on Spotify
Entrepreneurship
Summary

The founder of a business quit his job in 2004 and convinced his employees to work for an ever decreasing salary until they weren't paid at all by the end of 2000, leading to a period of incredible financial strain and debt.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
This podcast episode discusses the importance of finding passion in your life and provides examples of successful people who are driven by their purpose.
12:38 - 20:13 (07:34)
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Passion
Summary

This podcast episode discusses the importance of finding passion in your life and provides examples of successful people who are driven by their purpose. The speaker argues that caring about the end goal is a key aspect of finding one's passion.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
The speaker expresses how high level of commitment is required to bring a vision into a reality which may not go as planned and may sometimes seem like just another way to pay the bills.
20:13 - 23:50 (03:37)
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Commitment
Summary

The speaker expresses how high level of commitment is required to bring a vision into a reality which may not go as planned and may sometimes seem like just another way to pay the bills.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
The podcast discusses a tennis match played against a robot with advanced technology and voice recognition.
23:50 - 28:10 (04:19)
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Technology
Summary

The podcast discusses a tennis match played against a robot with advanced technology and voice recognition. The robot's ability to anticipate movements and make precise shots makes it a formidable opponent, but its human-like voice and personality add an unexpected element to the experience.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
People are willing to go through tough times for a long time when they have a bigger purpose, like giving away wealth to those in need.
28:10 - 34:49 (06:39)
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Motivation
Summary

People are willing to go through tough times for a long time when they have a bigger purpose, like giving away wealth to those in need. However, the means justify the ends, and if you mistreat people in the process, the giving away of wealth may not be worth it.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
In order to be great at anything, it takes time and hard work to become a master.
34:49 - 39:24 (04:34)
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Success
Summary

In order to be great at anything, it takes time and hard work to become a master. The desire to break through and be at the top is what motivates individuals to keep pushing and improving their craft.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million
The lack of emotional commitment in work results in a lackluster outcome that lacks authenticity and connection to the individual.
39:24 - 40:21 (00:56)
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Emotional commitment
Summary

The lack of emotional commitment in work results in a lackluster outcome that lacks authenticity and connection to the individual. On the other hand, passionate work reflects the excitement and obsession of the person behind it, leading to a deeper and more meaningful product that resonates with the audience.

Episode
SPECIAL: A Breakdown On Why Most Startups Take Longer Than You Think To Build (with examples)
Podcast
My First Million