Episode
SVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
1:24:22
Published: Tue Mar 14 2023
Description
Episode 430: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) are joined by Suleman "Suli" Ali (@sulemanali) to talk about the fail of Silicon Valley Bank, the D2C brands that may fall next, reverse Robinhood, going on good quests, and Suli's next business venture. Bonus: Listen to the end for a job opportunity. Want to see more MFM? Subscribe to the MFM YouTube channel here. SHAAN'S NEW DAILY NEWSLETTER --> shaanpuri.com ----- Links: * Figs * Allbirds * Grove Collaborative * Squarespace * Wish * Nelk Boys * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. ------ Show Notes: (01:20) - Sam's and Shaan's most heroic moments (12:00) - Silicon Valley Bank Collapse (43:45) - Allbirds: The SVB of footwear? (55:20) - Chamath and the Reverse Robinhood (01:03:25) - Going on Good Quests (01:16:20) - Distribution before product ----- 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 speaker shares their experience of being financially illiterate while in college and not knowing about banks or the collapse of Lehman Brothers.
00:00 - 00:21 (00:21)
Summary
The speaker shares their experience of being financially illiterate while in college and not knowing about banks or the collapse of Lehman Brothers.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The host shares a story of rescuing a fan who had a bike accident and applying pressure until the cops arrived.
00:21 - 03:14 (02:53)
Summary
The host shares a story of rescuing a fan who had a bike accident and applying pressure until the cops arrived. Afterwards, the fan revealed himself and expressed his admiration for the podcast.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The Marketing School podcast, hosted by Neil Patel and Eric Su, offers daily insights on marketing strategies.
03:14 - 05:58 (02:44)
Summary
The Marketing School podcast, hosted by Neil Patel and Eric Su, offers daily insights on marketing strategies. In a recent episode, they discuss a woman's success in getting her Instagram products into Target stores.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The speaker recounts how they almost had a kitchen fire involving a continuous pot of hot oil and the steps their mom instructed them to take to prevent it.
06:00 - 09:14 (03:13)
Summary
The speaker recounts how they almost had a kitchen fire involving a continuous pot of hot oil and the steps their mom instructed them to take to prevent it.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
A man saves his home from a house fire by using a tea torch to spray the flames before they became uncontrollable.
09:14 - 11:22 (02:07)
Summary
A man saves his home from a house fire by using a tea torch to spray the flames before they became uncontrollable.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The podcast features a discussion on Robinhood's role, ethics and decision making during the GameStop stock market saga from a guest who shares insights to the company's internal culture.
11:22 - 15:49 (04:26)
Summary
The podcast features a discussion on Robinhood's role, ethics and decision making during the GameStop stock market saga from a guest who shares insights to the company's internal culture.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
Silicon Valley Bank is the 19th largest bank in the US and is primarily used by the wealthy and tech elite, resulting in over $42 billion in attempted wire transfers on one day alone.
15:49 - 21:38 (05:49)
Summary
Silicon Valley Bank is the 19th largest bank in the US and is primarily used by the wealthy and tech elite, resulting in over $42 billion in attempted wire transfers on one day alone. Though initially conservative, the bank's interest rate is poised to increase with the market, resulting in uncertainty for its clientele.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
A group of young Asian men wearing Facebook backpacks and North Face sweaters rallied outside a bank, banging on doors, resulting in a funny headline and the realization that in Silicon Valley everyone is so tightly networked that words spread like wildfire.
21:38 - 25:16 (03:38)
Summary
A group of young Asian men wearing Facebook backpacks and North Face sweaters rallied outside a bank, banging on doors, resulting in a funny headline and the realization that in Silicon Valley everyone is so tightly networked that words spread like wildfire.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The Silicon Valley bank's system is facing issues with its ATM, causing inconvenience to customers' withdrawing money, but the CEO stated that it wasn't a problem, sparking off a controversy.
25:16 - 30:18 (05:01)
Summary
The Silicon Valley bank's system is facing issues with its ATM, causing inconvenience to customers' withdrawing money, but the CEO stated that it wasn't a problem, sparking off a controversy.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The Bank of England's Bank Term Funding Program was created to make money available to banks that need a loan against their long term assets, in order to prevent the same problem experienced by the Silicon Valley bank with long duration bonds.
30:18 - 36:53 (06:34)
Summary
The Bank of England's Bank Term Funding Program was created to make money available to banks that need a loan against their long term assets, in order to prevent the same problem experienced by the Silicon Valley bank with long duration bonds.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The podcast explores different ways to open a Swiss bank account and how it's not always as easy as it seems in the movies.
36:53 - 43:04 (06:10)
Summary
The podcast explores different ways to open a Swiss bank account and how it's not always as easy as it seems in the movies. Several examples of Swiss banks, including Mercury, are discussed.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
This podcast discusses the rise of direct-to-consumer companies and how they have been funded like tech companies.
43:04 - 48:37 (05:32)
Summary
This podcast discusses the rise of direct-to-consumer companies and how they have been funded like tech companies. Despite burning through a significant amount of money each year, successful DTC companies like Casper and Warby Parker have proven the viability of the business model.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The process of taking a company public offers the person responsible for doing so a percentage of the company's stock, usually around 5% to 10%, as a reward.
48:37 - 56:39 (08:02)
Summary
The process of taking a company public offers the person responsible for doing so a percentage of the company's stock, usually around 5% to 10%, as a reward. One potential advantage of this process is being able to identify new investment opportunities as demonstrated by the idea of buying all of Wish, a company with $700 million in cash and a market cap of $286 million.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
Companies that choose to go public through a SPAC are trying to rush into the market and are typically not the big players.
56:40 - 1:02:14 (05:33)
Summary
Companies that choose to go public through a SPAC are trying to rush into the market and are typically not the big players. Traditional IPOs, such as those used by Squarespace and Spotify, are a more reliable method of going public.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The concept of pursuing a "good quest" is discussed, with consideration given to the challenge of taking on such a venture, and whether the average person is truly capable of doing so.
1:02:14 - 1:06:22 (04:07)
Summary
The concept of pursuing a "good quest" is discussed, with consideration given to the challenge of taking on such a venture, and whether the average person is truly capable of doing so.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The speaker reflects on the challenges of working on a startup for seven years with no immediate gratification, and missed opportunities to recognize the value of a colleague's commitment to the company.
1:06:22 - 1:10:25 (04:02)
Summary
The speaker reflects on the challenges of working on a startup for seven years with no immediate gratification, and missed opportunities to recognize the value of a colleague's commitment to the company.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The host and guest talk about successful entrepreneurial traits, including being unafraid to explore areas beyond personal expertise and not heavily relying on plan B's.
1:10:25 - 1:16:29 (06:04)
Summary
The host and guest talk about successful entrepreneurial traits, including being unafraid to explore areas beyond personal expertise and not heavily relying on plan B's.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The podcast discusses Happy Dad, a new hard seltzer brand, and their plans for expanding their product line.
1:16:29 - 1:20:15 (03:46)
Summary
The podcast discusses Happy Dad, a new hard seltzer brand, and their plans for expanding their product line. The conversation also touches on mobile app Shots' popularity among Hollywood influencers and its potential success.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The Note Boys, successful entrepreneurs, explain how they determine the easiest category to win in, using beef jerky as an example.
1:20:15 - 1:23:03 (02:47)
Summary
The Note Boys, successful entrepreneurs, explain how they determine the easiest category to win in, using beef jerky as an example. They discuss how this approach has been replicated by others in various verticals and industries, leading to successful businesses and ventures.
EpisodeSVB Collapse Explained, D2C Brands That May Fail, And Suli's Next Venture
PodcastMy First Million
The Search Fund Summit event is sold out for its 500 attendees but a new event will be available on April 28.
1:23:03 - 1:24:37 (01:33)
Summary
The Search Fund Summit event is sold out for its 500 attendees but a new event will be available on April 28. The speaker also mentions a desire to find a right-hand man to help with future projects and advertising a meetup with Sean tomorrow.