Episode
#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
1:20:11
Published: Wed Apr 14 2021
Description
Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Jake Paul (@JakePaul) and Geoffrey Woo (@geoffreywoo). The guys talk about Jake's upcoming fight with Ben Askren and a friendly wager Sam placed. We dive into business with Jake giving his take on the creator economy, why he's worth billions to the big platforms, and how Bitclout can play a role in all of it. He thinks he can be the next Jay-Z or Dr. Dre, bridging an entertainment career with a successful business one. He's already had a hit with Fanjoy, which he breaks down for us. Jake also talks about his investment philosophy, some of the companies he's investing in, and the areas he's most interested in at the moment. --------- * 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: 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: * (2:32) Jake talks about his upcoming fight with Ben Askren * (7:29) Jake and Geoff talk about his new fund and his investing philosophy * (20:14) The business opportunities Jake's most interested in * (30:41) The guys give their takes on Bitclout and the creator economy * (40:05) Brainstorming with Jake * (1:05:08) The guys debrief after the Jake Paul podcast
Chapters
In a conversation between a yoga instructor and podcast owners, they discuss how to monetize social media followings and podcasts, sharing their experiences of selling companies for significant amounts and the difference between large numbers of followers and paying customers.
00:00 - 03:38 (03:38)
Summary
In a conversation between a yoga instructor and podcast owners, they discuss how to monetize social media followings and podcasts, sharing their experiences of selling companies for significant amounts and the difference between large numbers of followers and paying customers.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
Two individuals discuss their interest in MMA and how it's amusing that one person is planning to keep his long hair while the other is imagining him as a skinhead.
03:38 - 08:09 (04:30)
Summary
Two individuals discuss their interest in MMA and how it's amusing that one person is planning to keep his long hair while the other is imagining him as a skinhead.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The best people to have on a cap table in terms of value add and dollar dilution are entrepreneurs and operators.
08:09 - 12:25 (04:16)
Summary
The best people to have on a cap table in terms of value add and dollar dilution are entrepreneurs and operators. Going through an Angelus Rolling Fund platform for a new business also allows for the ability to crowdsource support and involve more people in the venture.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
Jake Paul meets successful tech entrepreneur Jeff, who is known for wanting to pick a fight with top elite boxers.
12:25 - 15:59 (03:33)
Summary
Jake Paul meets successful tech entrepreneur Jeff, who is known for wanting to pick a fight with top elite boxers. They shake hands and chat with Chris and Elena, as Jeff shares his experiences in the tech industry.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
In this episode, an NFL player discusses the benefits of being an angel investor, such as being able to stay ahead of trends and knowing the latest business news, but also acknowledges the challenges of not seeing returns for years and the time commitment involved.
15:59 - 20:14 (04:15)
Summary
In this episode, an NFL player discusses the benefits of being an angel investor, such as being able to stay ahead of trends and knowing the latest business news, but also acknowledges the challenges of not seeing returns for years and the time commitment involved.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The rise of NFTs and digital assets has led to celebrities and influencers trying to get involved, but many are not understanding their true potential.
20:14 - 23:27 (03:12)
Summary
The rise of NFTs and digital assets has led to celebrities and influencers trying to get involved, but many are not understanding their true potential. The metaverse and digital businesses offer opportunities for those who understand the technology and are willing to invest in its development.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
Top Shot, a game that merges the best of a Tamagotchi and horse racing, using NFT technology, has seen a steep decline in popularity, with a 70% drop in value in just a month.
23:27 - 29:46 (06:18)
Summary
Top Shot, a game that merges the best of a Tamagotchi and horse racing, using NFT technology, has seen a steep decline in popularity, with a 70% drop in value in just a month.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The host talks about their recent experience of investing in Patreon and how supporting creators can be financially beneficial if done at an early stage.
29:46 - 36:23 (06:36)
Summary
The host talks about their recent experience of investing in Patreon and how supporting creators can be financially beneficial if done at an early stage.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The rise of subscription platforms such as OnlyFans and BigCloud have allowed creators to make more money beyond ad revenue.
36:23 - 42:03 (05:40)
Summary
The rise of subscription platforms such as OnlyFans and BigCloud have allowed creators to make more money beyond ad revenue. The curators and tastemakers who identify talent early have an advantage in supporting the growth of creators.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The scarcity of people who have knowledge and skills about social media make it a challenge for businesses to hire the right people for the job.
42:03 - 48:07 (06:04)
Summary
The scarcity of people who have knowledge and skills about social media make it a challenge for businesses to hire the right people for the job. Time is also a limited resource in social media management.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The idea of creating a platform where individuals can hire trusted content creators such as allies, social media specialists, editors and graphic designers is discussed, alongside the importance of following best practices in the industry.
48:07 - 54:43 (06:35)
Summary
The idea of creating a platform where individuals can hire trusted content creators such as allies, social media specialists, editors and graphic designers is discussed, alongside the importance of following best practices in the industry.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
Alex Lieberman discusses the possibility of creating a Miami school for advertising and his experience with a mini SPAC that aimed to invest in small SaaS companies.
54:43 - 57:27 (02:44)
Summary
Alex Lieberman discusses the possibility of creating a Miami school for advertising and his experience with a mini SPAC that aimed to invest in small SaaS companies.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The speaker discusses the importance of sharing business ideas on social media platforms in order to engage and capture audience attention.
57:27 - 1:02:16 (04:49)
Summary
The speaker discusses the importance of sharing business ideas on social media platforms in order to engage and capture audience attention. They note the potential for viral success and the need to promote unique and informative content.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The speaker suggests investing in a TRT subscription company that offers products for taboo topics like erectile dysfunction or early balding.
1:02:16 - 1:06:52 (04:35)
Summary
The speaker suggests investing in a TRT subscription company that offers products for taboo topics like erectile dysfunction or early balding. He believes that investing in such a company with the power of distribution could bring significant awareness and outsized returns.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The conversation experienced lag and delay due to a connection issue, leading to a suggestion of revisiting the topic again in six months to a year.
1:06:52 - 1:08:36 (01:44)
Summary
The conversation experienced lag and delay due to a connection issue, leading to a suggestion of revisiting the topic again in six months to a year.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The speaker believes that his friend's brother's podcast, "The Impulsive Podcast," is more successful than his friend's, "The Jake Podcast."
1:08:36 - 1:14:48 (06:11)
Summary
The speaker believes that his friend's brother's podcast, "The Impulsive Podcast," is more successful than his friend's, "The Jake Podcast." Despite being similar in their status as tech entrepreneurs, he is interested in hearing the different perspectives.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
The speaker compares podcasts to brand building, stating that renowned podcasts such as the Logan Paul's podcast are as impressive as building any brand that hits pocket culture.
1:14:49 - 1:18:44 (03:54)
Summary
The speaker compares podcasts to brand building, stating that renowned podcasts such as the Logan Paul's podcast are as impressive as building any brand that hits pocket culture. They discuss adding a specific segment at the end of the podcast.
Episode#170 with Jake Paul - Why Jake Paul Thinks He's Worth Billions
PodcastMy First Million
A motivational song about striving for success and putting in hard work.
1:18:44 - 1:19:10 (00:25)
Summary
A motivational song about striving for success and putting in hard work.