Episode
#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
1:48:39
Published: Wed Dec 30 2020
Description
Shaan Puri (@ShaanVP), Sam Parr (@TheSamParr) and Andrew Wilkinson (@awilkinson) wrap up 2020 by awarding and highlighting the best moments in the business world, the MFM podcast and their personal lives. The guys also make some fun predictions for what's to come in 2021. This is the first annual MFM Millies. Enjoy! - (2:20-9:01) Billy of the Year - (9:02-14:10) Breakout Company of the Year - (14:10-20:40) Under the Radar Company of the Year - (20:41-28:40) Favorite Person of the Year (non-family) - (28:41-32:10) Favorite Tool of The Year - (32:11-44:10) Best Investment of The Year - (44:11-46:43) Best Bet for 2021 - (46:44-53:50) What prediction did you get wrong in 2020 - (53:51-56:29) What person would you want to invest in? - (56:29-1:00:00) Wildest predictions for 2021 - (1:00:18-1:01:02) Which big company will be acquired in 2021? - (1:01:03-1:05:47) Best MFM Idea of the Year - (1:05:48-1:07:20) Best MFM Guest of the Year - (1:07:21-1:12:02) Worst MFM Idea of the Year - (1:12:03-1:15:34) Best MFM Moment of the Year - (1:15:35-1:19:10) Favorite Project of the Year - (1:19:11-1:28:03) Industries to Watch in 2021? - (1:28:04-1:35:05) Most Overrated Company/Trend of the Year - (1:35:06-1:35:48) Fuck/Murder/Marry - SF, Austin, Miami - (1:35:49-1:38:10) Favorite new podcast/newsletter/Twitter follow of the Year - (1:38:11-1:39:27) Favorite Book of the Year - (1:39:28-1:42:07) Best/Worst Habit of the Year - (1:42:08-1:44:13) Pleasant Surprise of Quarantine - (1:44:14-1:48:27) Best Purchase Under/Over $100 - (1:48:27-1:50:28) A lesson you learned about yourself in 2020 - (1:50:28-1:53:04) Best Relationship Hack of the Year - (1:53:05-1:56:40) Resolution for 2021 Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
In this podcast episode, the hosts share their hot takes on different end-of-year awards and questions, reflecting on the year 2020.
00:00 - 02:37 (02:37)
Summary
In this podcast episode, the hosts share their hot takes on different end-of-year awards and questions, reflecting on the year 2020.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The podcast features a discussion on the power of software businesses and highlights the Billy of the Week, a billionaire who has made their fortune in unique software niches such as those in car rentals, government, hotels, and mining.
02:37 - 06:32 (03:54)
Summary
The podcast features a discussion on the power of software businesses and highlights the Billy of the Week, a billionaire who has made their fortune in unique software niches such as those in car rentals, government, hotels, and mining.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
A billionaire purchased half a billion dollars worth of Bitcoin, grew his personal net worth from $30 billion to $170 billion in one year and reportedly made a fortune on Zoom, which he developed over a decade ago.
06:32 - 09:49 (03:16)
Summary
A billionaire purchased half a billion dollars worth of Bitcoin, grew his personal net worth from $30 billion to $170 billion in one year and reportedly made a fortune on Zoom, which he developed over a decade ago.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The podcast discusses an interview with a startup founder in the health industry, who initially started with the idea of a food-sensitivity blood test, but eventually pivoted due to the COVID pandemic.
09:49 - 12:33 (02:43)
Summary
The podcast discusses an interview with a startup founder in the health industry, who initially started with the idea of a food-sensitivity blood test, but eventually pivoted due to the COVID pandemic. The company has since raised $200 million.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The podcast discusses the success of obscure and unique businesses such as flag stores during the pandemic and introduces the "Under the Radar Company of 2020" award.
12:33 - 15:03 (02:30)
Summary
The podcast discusses the success of obscure and unique businesses such as flag stores during the pandemic and introduces the "Under the Radar Company of 2020" award.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The conversation revolves around a table for assessing wealth status and the possibility of certain companies being worth over 50 billion.
15:04 - 21:42 (06:38)
Summary
The conversation revolves around a table for assessing wealth status and the possibility of certain companies being worth over 50 billion. One such example discussed is the Company Carta that allows companies to sell customer contracts to get capital, without diluting equity shares.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The missing piece in fitness is progress tracking, as it provides a visual reminder of one's progress and keeps motivation high.
21:42 - 25:44 (04:02)
Summary
The missing piece in fitness is progress tracking, as it provides a visual reminder of one's progress and keeps motivation high. Chubby and muscular bodies can be achieved by monitoring input metrics like diet and exercise.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker highlights the significance of making sustainable lifestyle changes for physical fitness, including using healthy tools such as the Wim Hof breathing method and five-minute journal app.
25:44 - 28:01 (02:16)
Summary
The speaker highlights the significance of making sustainable lifestyle changes for physical fitness, including using healthy tools such as the Wim Hof breathing method and five-minute journal app. Although they have started becoming stronger, belly fat has persisted due to prior unhealthy eating and workout habits.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Huffduffer allows users to create custom podcasts from audio sources of their choice when they don't have time to listen at the moment.
28:01 - 33:45 (05:43)
Summary
Huffduffer allows users to create custom podcasts from audio sources of their choice when they don't have time to listen at the moment.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Getting paid in stock instead of cash can result in tax-free transactions and potentially higher return for investors.
33:45 - 36:26 (02:41)
Summary
Getting paid in stock instead of cash can result in tax-free transactions and potentially higher return for investors. It also reduces risk for those involved in venture back startups.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The network effect of Bitcoin has experienced a tenfold growth in the last three years, yet its price has only increased two-fold.
36:26 - 41:29 (05:02)
Summary
The network effect of Bitcoin has experienced a tenfold growth in the last three years, yet its price has only increased two-fold. The speaker shares how he analyzed signals such as the creation of wallets and old money investors using Bitcoin as a hedge to accumulate a position representing 25% of his total net worth.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker discusses the importance of network effect and how it affects the value of businesses before cash flows come in, along with the risks and benefits of buying and selling during market crashes.
41:29 - 45:53 (04:23)
Summary
The speaker discusses the importance of network effect and how it affects the value of businesses before cash flows come in, along with the risks and benefits of buying and selling during market crashes.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Justin Kan chats with Jeff Richards, GGV Capital Managing Partner, about the future of podcasting, exclusive contracts with podcast hosts, and missed investment opportunities.
45:53 - 51:08 (05:14)
Summary
Justin Kan chats with Jeff Richards, GGV Capital Managing Partner, about the future of podcasting, exclusive contracts with podcast hosts, and missed investment opportunities.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker believes that San Francisco will continue to be a center for tech and that buying a talented person's income stream is a smart investment.
51:08 - 54:33 (03:25)
Summary
The speaker believes that San Francisco will continue to be a center for tech and that buying a talented person's income stream is a smart investment. However, the person in this case is very singular in their focus on wealth and has no interest in other areas of life.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Despite predictions of reduced business travel post-COVID, the speaker doesn't think it will change much long term as people will always want to meet face to face.
54:33 - 57:41 (03:07)
Summary
Despite predictions of reduced business travel post-COVID, the speaker doesn't think it will change much long term as people will always want to meet face to face.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The idea of creating a newsletter for your local community can be a profitable business idea.
57:41 - 1:01:07 (03:26)
Summary
The idea of creating a newsletter for your local community can be a profitable business idea. With maximum effort and time, it can generate up to a million or two million dollars per year.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The episode features a discussion about business ideas and the importance of hands-on experience and understanding finance.
1:01:07 - 1:03:49 (02:41)
Summary
The episode features a discussion about business ideas and the importance of hands-on experience and understanding finance. The speaker also shares his amusement with a business idea despite thinking it was terrible.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
A digital artist creates a frame that displays his art on a screen and discusses the tenuous business behind buying independent businesses for cheap prices.
1:03:49 - 1:07:11 (03:22)
Summary
A digital artist creates a frame that displays his art on a screen and discusses the tenuous business behind buying independent businesses for cheap prices.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker expresses skepticism towards a businessman who uses his perceived wealth to propel himself, but acknowledges that the idea to acquire e-commerce rights for established brands is a phenomenal one.
1:07:12 - 1:09:56 (02:44)
Summary
The speaker expresses skepticism towards a businessman who uses his perceived wealth to propel himself, but acknowledges that the idea to acquire e-commerce rights for established brands is a phenomenal one. However, the business has faced issues with failing to pay a seller for their acquisition.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
A conversation on the joys and benefits of detoxing a business off VC money to regain control and avoid the pressure for unjustified growth.
1:09:56 - 1:12:50 (02:54)
Summary
A conversation on the joys and benefits of detoxing a business off VC money to regain control and avoid the pressure for unjustified growth. The podcast discusses the importance of hiring the right people and the value of continuously learning and sharing with others.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
In this episode, the hosts discuss the decision to turn down paid sponsorships for a larger audience in e-commerce marketing, potentially sacrificing a significant amount of revenue.
1:12:51 - 1:16:18 (03:27)
Summary
In this episode, the hosts discuss the decision to turn down paid sponsorships for a larger audience in e-commerce marketing, potentially sacrificing a significant amount of revenue.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
In this podcast episode, the host discusses the future of live video selling and the potential changes in the trucking industry due to a shortage of drivers.
1:16:18 - 1:19:52 (03:34)
Summary
In this podcast episode, the host discusses the future of live video selling and the potential changes in the trucking industry due to a shortage of drivers.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The future of car shopping may entail video communications with salespeople and a virtual experience similar to Dropbox.
1:19:52 - 1:23:51 (03:58)
Summary
The future of car shopping may entail video communications with salespeople and a virtual experience similar to Dropbox. This new method could be a fun, different way to shop than what we are currently used to.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
In-person collaboration is crucial for a disruptive company to breed the culture they want and to come up with new innovative ideas.
1:23:51 - 1:27:11 (03:20)
Summary
In-person collaboration is crucial for a disruptive company to breed the culture they want and to come up with new innovative ideas. It is akin to saying 50 years ago when we didn't hire women.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
This podcast discusses a non-pretentious Twitter user who shares valuable insights on value investing and is relatable to different generations.
1:27:11 - 1:31:05 (03:53)
Summary
This podcast discusses a non-pretentious Twitter user who shares valuable insights on value investing and is relatable to different generations. His laid-back approach is similar to that of a blogger, with food and daily walks being the only other focus for him beyond sharing his knowledge.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
In this podcast episode, the speaker describes how the book "PayPal Wars" is like a DC vs. Marvel comic book, with all the superheroes in the same movie, as it tells the story of the people involved with PayPal, some of whom went on to create LinkedIn.
1:31:05 - 1:34:49 (03:44)
Summary
In this podcast episode, the speaker describes how the book "PayPal Wars" is like a DC vs. Marvel comic book, with all the superheroes in the same movie, as it tells the story of the people involved with PayPal, some of whom went on to create LinkedIn.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker compares the material of sportswear to the material of his camera carrying case and mentions a tweet by Wiz Khalifa about the same material.
1:34:49 - 1:38:47 (03:57)
Summary
The speaker compares the material of sportswear to the material of his camera carrying case and mentions a tweet by Wiz Khalifa about the same material.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker talks about experiencing personal and professional growth by spending time with people who excel at different areas of life and realizing that hard work and busy periods are necessary to achieve big goals.
1:38:47 - 1:41:27 (02:39)
Summary
The speaker talks about experiencing personal and professional growth by spending time with people who excel at different areas of life and realizing that hard work and busy periods are necessary to achieve big goals.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
The speaker shares her insights on how to manage time effectively to boost productivity, including planning daily tasks and utilizing short bursts of focus.
1:41:27 - 1:43:45 (02:18)
Summary
The speaker shares her insights on how to manage time effectively to boost productivity, including planning daily tasks and utilizing short bursts of focus.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Sean upgrades his perception of himself every year, making changes to his behavior anytime he realizes something needs to change, rather than waiting for the traditional New Year's resolutions.
1:43:45 - 1:46:53 (03:07)
Summary
Sean upgrades his perception of himself every year, making changes to his behavior anytime he realizes something needs to change, rather than waiting for the traditional New Year's resolutions.
Episode#141 - The 2020 MFM Award Show (with Andrew Wilkinson)
PodcastMy First Million
Andrew and Sam discuss the popular TV show Cobra Kai, which is a mood booster and is coming out with a new season on January 1st on Netflix.
1:46:53 - 1:47:34 (00:40)
Summary
Andrew and Sam discuss the popular TV show Cobra Kai, which is a mood booster and is coming out with a new season on January 1st on Netflix.