Episode
The Startup Sins Of Uber, Why Scaling Is Overrated, and More
1:05:15
Published: Thu Sep 15 2022
Description
Episode 362: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about businesses that don't scale well, but are still successful, the startup sins of Uber, how to make millions from a salaried position, and more. ----- Links: * Sundae Conversation * Product Hunt * Newspapers.com * Rahul Pandey / 5 Offers with FAANG * PreciTaste * WGSN * Grabr.io * jdnoc * 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: (01:25) - Custom rap tracks and why scaling is overrated (14:25) - The many startup sins of Uber (18:05) - Scott Belsky (31:45) - How to make millions from a salaried position (45:50) - The insanely high value of predicting things (55:55) - The surprisingly big opportunity of private security (01:02:30) - Writing a note to your spouse every day ----- 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 podcast discusses a successful marketing funnel used by independent hip hop group Keralanka on Instagram to grow their fan base, offering a special gift to the first 15 people who DM them in the next 24 hours.
00:00 - 01:10 (01:10)
Summary
The podcast discusses a successful marketing funnel used by independent hip hop group Keralanka on Instagram to grow their fan base, offering a special gift to the first 15 people who DM them in the next 24 hours. One of the hosts also expresses admiration for a rich and good-looking man.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The Homie Sean discusses a marketing strategy used by a band that he discovered through an Instagram ad which involved Facebook Messenger and impressed him in terms of marketing efforts.
01:10 - 04:07 (02:56)
Summary
The Homie Sean discusses a marketing strategy used by a band that he discovered through an Instagram ad which involved Facebook Messenger and impressed him in terms of marketing efforts.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
In this podcast, the early days of Product Hunt with Ryan Hoover are discussed, along with other examples of companies that may appear high-tech on the outside but still use rudimentary methods behind the scenes.
04:07 - 08:33 (04:26)
Summary
In this podcast, the early days of Product Hunt with Ryan Hoover are discussed, along with other examples of companies that may appear high-tech on the outside but still use rudimentary methods behind the scenes.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The speaker suggests that building a successful Facebook group requires careful curation of its membership, sparking conversation and carefully choosing who gets to be involved.
08:33 - 12:10 (03:37)
Summary
The speaker suggests that building a successful Facebook group requires careful curation of its membership, sparking conversation and carefully choosing who gets to be involved.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The CEO of Airbnb, Brian Chesky, talks about how they turned their unscalable idea of sending photographers to hosts' homes into a successful marketing strategy by improving their listings and adding personal touches like Spanish notes.
12:10 - 17:17 (05:07)
Summary
The CEO of Airbnb, Brian Chesky, talks about how they turned their unscalable idea of sending photographers to hosts' homes into a successful marketing strategy by improving their listings and adding personal touches like Spanish notes.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The speaker talks about his early investment gains and how they made him appear as a big shot.
17:17 - 19:44 (02:26)
Summary
The speaker talks about his early investment gains and how they made him appear as a big shot.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The speaker received advice on artificial intelligence from a podcast, specifically from a guest who discussed the topic around six or nine months ago.
19:44 - 24:01 (04:17)
Summary
The speaker received advice on artificial intelligence from a podcast, specifically from a guest who discussed the topic around six or nine months ago. They compared it to parenting.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
Friends reminisce about discovering a new music artist and discuss the value of creating quality content without relying on advertising.
24:01 - 26:53 (02:52)
Summary
Friends reminisce about discovering a new music artist and discuss the value of creating quality content without relying on advertising.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The speaker discusses the importance of looking at old websites to analyze internet trends and a potential product with this feature.
26:53 - 30:07 (03:13)
Summary
The speaker discusses the importance of looking at old websites to analyze internet trends and a potential product with this feature. They also mention that their podcast has more downloads than people realize.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
Tech companies growing at 30% per year have the potential to double every two or three years, leading to high returns for investors who are offered equity positions.
30:07 - 34:33 (04:26)
Summary
Tech companies growing at 30% per year have the potential to double every two or three years, leading to high returns for investors who are offered equity positions. With the current job market offering one million plus jobs that pay hundreds of thousands of dollars annually, investing in this field can lead to a significant payout.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The gaming-focused chat platform Discord reportedly turned down an offer from Microsoft for $10 billion to pursue a potential IPO, but talks with other companies, including Epic Games, Amazon, and Google, are reportedly ongoing.
34:33 - 38:37 (04:03)
Summary
The gaming-focused chat platform Discord reportedly turned down an offer from Microsoft for $10 billion to pursue a potential IPO, but talks with other companies, including Epic Games, Amazon, and Google, are reportedly ongoing.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
While commuting on a bus that offers a range of amenities, including a café, toilet, and TV, the ability to get an impromptu haircut is a big draw for some, as it adds an element of surprise to their day-to-day routine.
38:37 - 41:10 (02:32)
Summary
While commuting on a bus that offers a range of amenities, including a café, toilet, and TV, the ability to get an impromptu haircut is a big draw for some, as it adds an element of surprise to their day-to-day routine.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The fashion trend prediction industry is thriving, with companies like WGSN charging subscribers $25,000 to access quarterly reports and the ability to DM their experts for advice on colors and textures.
41:10 - 47:46 (06:36)
Summary
The fashion trend prediction industry is thriving, with companies like WGSN charging subscribers $25,000 to access quarterly reports and the ability to DM their experts for advice on colors and textures. These trendsetters determine everything from the color of the year to the prevailing fragrance of the year.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The podcast discusses the concept of "fashion smuggling," where people pay others to bring luxury items across borders to avoid high taxes.
47:46 - 51:10 (03:23)
Summary
The podcast discusses the concept of "fashion smuggling," where people pay others to bring luxury items across borders to avoid high taxes. They also touch upon the pricing discrepancies between different countries for luxury goods.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The speaker mentions wanting a laser that can light things on fire and refers to a person on Twitter named "Strip Mall Guy" who may have access to such a laser.
51:10 - 54:11 (03:01)
Summary
The speaker mentions wanting a laser that can light things on fire and refers to a person on Twitter named "Strip Mall Guy" who may have access to such a laser.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
The private security industry offers job opportunities for retired military or police officers in corporate security, which can potentially pay more and be easier than their previous job.
54:11 - 57:46 (03:35)
Summary
The private security industry offers job opportunities for retired military or police officers in corporate security, which can potentially pay more and be easier than their previous job. However, some online commenters joke about the appearance of private security personnel.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
A discussion about personal security guards, including an example of a woman who became one after protecting a store from a robbery, and a mention of personal security guards being employed by celebrities and politicians during times of tragedy.
57:46 - 1:01:37 (03:51)
Summary
A discussion about personal security guards, including an example of a woman who became one after protecting a store from a robbery, and a mention of personal security guards being employed by celebrities and politicians during times of tragedy.
EpisodeThe Startup Sins Of Uber, Why Scaling Is Overrated, and More
PodcastMy First Million
After a blog post featuring the benefits of having a daily talk with your partner, a couple made a YouTube video discussing their conversations.
1:01:37 - 1:04:07 (02:29)
Summary
After a blog post featuring the benefits of having a daily talk with your partner, a couple made a YouTube video discussing their conversations. Their video went viral with 100,000 views.