Episode
#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
1:24:15
Published: Wed Jul 07 2021
Description
Sam (@TheSamParr) and Shaan (@ShaanVP) are joined by HubSpot co-founder and CTO Dharmesh Shah (@Dharmesh). Dharmesh shares his thought process behind buying the Hustle, how he thinks about time & money, and how HubSpot came to be. They close the episode talking about ideas around a better version of LinkedIn and the future of software. --------- * 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: * (0:57) Intro * (9:10) The inside scoop on why HubSpot bought The Hustle * (14:00) What it's like to be a billionaire * (18:54) A framework on the relationship between time & money * (24:50) Rich guy questions * (28:24) Dharmesh on the beginnings of HubSpot * (37:10) Idea: A blockchain version of LinkedIn * (45:35) Dharmesh on BitClout * (50:22) Idea: NLP, the future of software * (53:20) Growth Bot & website graders * (59:25) Dharmesh on GPT-3 * (1:02:55) Idea: A community for remote work * (1:04:41) Deal trophies * (1:06:56) A framework to evaluate startup ideas * (1:13:55) Constructive podcast criticism * (1:18:36) Outro
Chapters
In this segment, the speaker offers to give $5 million for the recipient to create their podcast idea, with an additional option for other investors to participate.
00:00 - 00:30 (00:30)
Summary
In this segment, the speaker offers to give $5 million for the recipient to create their podcast idea, with an additional option for other investors to participate.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
The episode discusses the value of domain names and how posting about podcasts on social networks can boost your audience.
00:30 - 04:21 (03:50)
Summary
The episode discusses the value of domain names and how posting about podcasts on social networks can boost your audience. The conversation also touches on HubSpot's acquisition of The Hustle and the growth of the company.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
The hosts discuss how exposing oneself to a variety of topics and industries through podcasts can help develop a different mental muscle group for approaching business challenges.
04:21 - 06:45 (02:24)
Summary
The hosts discuss how exposing oneself to a variety of topics and industries through podcasts can help develop a different mental muscle group for approaching business challenges.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
In this podcast, the speaker discusses the topic of virtual backgrounds in video calls and how they are becoming increasingly popular.
06:45 - 11:02 (04:17)
Summary
In this podcast, the speaker discusses the topic of virtual backgrounds in video calls and how they are becoming increasingly popular. By using a green screen, users can create a virtual background that is more than just a simple, fake situation, allowing them to customize their environment regardless of their physical surroundings.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
HubSpot's recent acquisition strategy positions the company for the future of SaaS companies to control their distribution rather than renting audiences from other resources, and the deal has been seen as undervalued.
11:02 - 13:54 (02:51)
Summary
HubSpot's recent acquisition strategy positions the company for the future of SaaS companies to control their distribution rather than renting audiences from other resources, and the deal has been seen as undervalued.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
Financial freedom brings the most joy at the beginning of the journey out of debt, followed by reaching a comfortable milestone amount where businesses can be sold off and everyone involved benefits.
13:54 - 20:44 (06:50)
Summary
Financial freedom brings the most joy at the beginning of the journey out of debt, followed by reaching a comfortable milestone amount where businesses can be sold off and everyone involved benefits. After that, the joy diminishes with each further increase in wealth.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
The speaker shares his love for supporting others through small acts of generosity and talks about the value of time and its potential to help others.
20:44 - 27:56 (07:12)
Summary
The speaker shares his love for supporting others through small acts of generosity and talks about the value of time and its potential to help others. He calculates his hourly rate over his professional career to be around $10,000 an hour.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
The founder of The Hustle, Sam Parr, discusses his obsession with details and working alongside his team rather than delegating tasks.
27:56 - 33:52 (05:56)
Summary
The founder of The Hustle, Sam Parr, discusses his obsession with details and working alongside his team rather than delegating tasks. He also acknowledges the challenges that come along with scaling a business quickly and maintaining brand culture and taking on enough risks.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
Big Cloud, a decentralized social media platform, allows users to invest in a creator rather than a company.
33:52 - 1:11:18 (37:26)
Summary
Big Cloud, a decentralized social media platform, allows users to invest in a creator rather than a company. By owning a creator's coin, the value of the coin goes up with the creator's influence and popularity.
Episode#197 with Dharmesh Shah - Frameworks for Becoming a Billionaire (From a Billionaire's Perspective)
PodcastMy First Million
The speaker discusses the importance of taking bold risks when starting a company and not worrying about controlling everything or making a quick profit.
1:11:18 - 1:20:35 (09:17)
Summary
The speaker discusses the importance of taking bold risks when starting a company and not worrying about controlling everything or making a quick profit. Focusing on the possibility of a huge success can be more motivated than just trying to play it safe.