My First Million: How to Have an Early Adopter Mindset, ConstitutionDAO, Optimizing Twitter Bios, and More
Hubspot Podcast Network 11/23/21 - 1h 15m - PDF Transcript
All right.
Quick break to tell you about another podcast that we're interested in right now, HubSpot
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Every week, the hosts relive the latest and greatest pitches from Shark Tank, from Squatty
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winners or losers, and each company's go-to-market strategy, branding, pricing, valuation, everything.
Basically all the things you want to know about how to survive the tank and scale your
company on your own.
If you want to give it a listen, you can find Another Bite on whatever podcast app you listen
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All right.
Back to the show.
It's sort of like if you look at what do our rich friends do now that's not common, and
then that's just going to become like more people are going to do that thing.
What's up?
What's going on?
Do you see Andrew Huberman replying to my tweet?
Yeah, I did.
I feel kind of giddy a little bit.
I feel a little honored.
Yeah.
Do you feel?
It's kind of cool to interact with them, right?
Yeah.
I think he's great.
I think he's really great.
The cool part about this podcast is that me and you get to hang out often, and then once
in a while, there's a bunch of guests.
I would say for all the guests, I like them all.
But maybe two out of every 10, I'm like, oh, this is a, this person, you know, they're
my kind of people.
I just really get along with them and I really respect what they're doing, and he's definitely
one of those people.
So hear me out.
I think that we should get, okay, so you have to go somewhere on Wednesday.
Yeah.
And so I went and found a guest.
Tell me what you think about this guest.
And then when I got this person, I realized we should do this way often, way more.
So I met this guy and he has his business that's like a fine local services business
in California.
And I go, what did you use to do?
And he goes, I was in the CIA.
I go, what did you do there?
And he said, I would go to the Middle East and I would try to commit, get people to commit
treason.
And I would do it by trying to influence them and persuade them and basically give me secrets
so I can, you know, we could do espionage and I was like, that's the most amazing thing
I've ever heard.
Can you tell me everything?
And I sat down for like an hour and I asked him questions and I asked him to come in the
pod for the podcast or that was pre pod, pre pod.
And so I go, dude, you just want to come out and tell me all these stories about being
in like an alley in Lebanon, trying to get some person to show up and he, the way that
he convinced, he's got all these like weird stories and, and, and it's about persuasion
and influence and shit.
And I realized I'm like, Sean and I should just start doing that way more just getting
people who are like interested in regardless of it has to do with money or not.
Yeah.
Yeah.
I think that's cool.
I met a guy once who he was like using our product and we held a meetup and like, I think
200 people flew to our office and it was a big party basically.
And this guy and he was like, he was always very mysterious because our product was kind
of like clubhouse.
So you could just kind of sit there, hang out all day and just chat.
It was always online and I was like, oh, so you like don't work or what's the deal?
Like you're always online doing this.
He's like, oh yeah, I'm like in between, you know, gigs and I was like, I'm unemployed.
I didn't really think too much of it.
But when he showed up, I was, I noticed two things.
One is the guy was incredibly muscular, like, you know, I kind of like bumped into him and
it was like, I hit a rock and I was like, Oh, that was strange, but he wasn't trying
to look super fit.
But I could tell it's like, you know, one of those people that like, yeah, they could
do 90,000 pull ups, it's like, Oh, your core is just incredibly, you're just your whole
body's made of muscle.
It's not that you have giant muscles, but your whole body is a muscle.
And so I was like, OK, that's interesting, noted.
And then later on in the night, he like, I introduced him to two people.
One person was from Russia.
He spoke Russian with them.
I introduced him to another person from Pakistan and he spoke like Urdu with them.
And I was like, how many languages do you speak?
Was he a white guy?
White guy.
And I was like, and he spoke with like almost like a perfect accent.
And I was like, what the hell?
Why do you know how to speak in all these different languages?
He's like, oh, and he kind of like as the night got on, like, you know, he wasn't drinking,
but we were all drinking.
And he's like, he kind of confided.
He was like, yeah, I was actually a spy for many years and he starts telling me these
stories and they're so unbelievable that I'm like, I just kind of think this guy, is he
lying?
Is he telling the truth?
It's very hard to tell because the stories are so good.
Like, you know, the story is like, you know, he's in a bar in Russia and, you know, there's
mobsters there.
And then Yuri Milner, the famous investor comes in and he's like, OK, I want to talk
to Yuri and Yuri just kind of blows him off.
And then he says something in Russian and he's like the perfect one liner.
And I was like, what's going on here?
So we go to the battery later that night.
The battery is basically this private members club in San Francisco that is like a Soho
house for San Francisco.
And the previous investor who bankrolled my whole company, the idea lab that I was working
at, he created the battery.
So we go, we're hanging out there.
And on the way out, it's like two in the morning, we're leaving.
And the battery has, I think, 14 hotel rooms.
But really there's like the penthouse that you rent out for parties.
And the penthouse, I think, was like 10 grand a night at least, maybe 15 grand a night to
rent out.
And there's an elevator that goes straight up to the penthouse.
And so at that elevator, we're walking out and at the elevator is Elon Musk.
He's getting in the elevator and it's him, it's Jason Callicanus and it's two other people
we don't know.
And I was just like, you know, kind of like fan girl mom was like, oh, shit, that's Elon
Musk.
And so the guy, the spy guy, he's with me and he goes, oh, Elon's there.
He goes, hold on.
He walks over and they're waiting for the elevator.
The elevator is about to be there.
He walks straight up to them and he goes, like classic pick up artist doesn't address
Elon.
And he goes, Jason, he's like, Jason, he goes to Jason Callicanus, Jason Callicanus,
like, oh, hey, what's up?
He's like, Jason, I met you last year at the conference and I told you what I do with
the government and all that.
And I offered you a tour, I offered you a tour, but I forgot to give you my number.
Let me give you my number now and I'll be able to get you that tour.
And if Elon wants to come, he can come too.
He's like, he's like focused on Jason.
There was just sort of like, you know, Elon, if you're interested, you're welcome to join
as well.
You can tag along.
And then he walked away and I was just laughing because it wasn't like some super, it's like
he tried to do a super smooth move.
Wasn't that smooth in my opinion, but it was still hilarious and he had the balls to approach.
So, you know, good for him.
So who was the guy?
I mean, I don't want to say his name, but yeah, he's just a guy and I like haven't seen
him since.
Oh my God.
That was my one night with this CIA guy.
Well, this guy's coming on when you're gone and long story short, we should do more cool
shit like that.
Yeah.
For sure.
All right.
So when I started the hustle, I used to look at how many people had cold email in order
to buy ads in our email.
I would look at how many people I got the phone and then I would look at how many people
followed up and how many people signed a contract and then how many people actually paid and
bought ads.
I thought I was a genius because I figured out very specifically how many people I had
to call to get X dollars and I was like, great, all I got to do is call this many people.
It made my life so much easier than just guessing.
Well, turns out this is a thing that has existed forever.
It's called a pipeline and if you do it well, you can predict how much money you're going
to make every single month.
And so you just kind of go out and get more salespeople or you go out and do more cold
calling or cold emailing or you create more content and get more leads, whatever.
When I was doing it, I was doing it by hand and that was a huge pain in the butt.
Turns out there's something that does this for you.
It's called HubSpot.
The HubSpot CRM platform.
So with the CRM platform, it's pretty amazing.
You do a few things.
The first is forecasting.
So you can get a bird's eye view of your entire pipeline.
You can see what's coming around the corner.
You can see how big the quarter is going to be, how certain months are going and spec deals
to see if you're on track.
And the second thing that's really important, I used to do this by hand and I learned how
to use HubSpot and it kind of changed the game for me, but you could do custom report
building so you can see where most of your sales are coming from, what type of tactics
are working, where to go get more customers.
It's pretty amazing.
So check it out, you can learn more about HubSpot CRM's platform and how it can connect
your business together, HubSpot.com.
Check it out.
Speaking of cool shit, I don't know what's going on with this constitutional shit and
I know you know everything about it.
Can you tell me?
Because it's actually amazing.
So I got a DM a few days ago and it says, hey, a group of us are getting together to
buy the Constitution.
Okay.
It's like the United States Constitution.
The United States Constitution.
I think there's 11 of them, right?
There's 11 copies.
I think there's only one that's in the hands of private buyers.
This is the one who owns it.
So I don't know who owns it, but it's being auctioned off by Sotheby's.
So they said, hey, there's a Sotheby's auction in a couple of days.
We're going to create a DAO, which is a crypto term for basically like a group, just a group
of people think of it like a company.
We're going to form a DAO and anybody contribute, contribute any amount you want and we're going
to try to buy the Constitution.
I was like, what the fuck?
And I was like, you know, I was like, that's great.
I was like, how much is it?
You know, and I think he said they're going to need, I want to say 10 or 20 million dollars.
I think it's 20 million dollars that they're going to need to raise.
Who messaged you?
I mean, I don't think they all want their like name out there necessarily.
Okay.
Well, who's the organizer behind this?
It's a small group of kind of like NFT collectors.
So they basically...
Oh, okay.
It's not Paki or...
No, he's kind of...
So they basically approached me, Paki, and I think some others to try to help get the
word out.
Got it.
The other thing is...
So there's this thing called...
So they created Constitution Dow and they have raised in three days, I think, three
million dollars from 2,000 people, something like that.
So I'll just pull up the Twitter handle.
So the Twitter handle is Constitution Dow and it says, we the people for the people,
we're buying the Constitution from Sotheby's in four days.
We need your help.
And then if you go to the website, it shows that they have...
It says, amazing copy at the top, what if we held hands and bought the Constitution
together?
It's just hilarious when I'm putting it.
And then it says they've raised 3.6 million dollars so far.
And I think they need...
Where do they write their target?
Okay.
I don't think they write their target anywhere here.
But I'm pretty sure I asked the guy and I'm pretty sure they said they need like roughly
10 to 20 million dollars to...
That's crazy.
It's actually pretty amazing.
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So how does it work?
Who owns it and how is it tracked and how do you know to trust these people?
So basically, the way this would work is a group of people get together, they buy a thing.
Now this is how they've bought several other things.
So they bought, people are creating DAOs to buy crypto-punks.
So oh, you want a crypto-punk, but a punk costs like a million dollars now.
You don't have a million dollars.
Well, you want to invest 10,000 dollars into a crypto-punk?
Cool.
So we can all pool together 10,000 each and buy a crypto-punk collectively for a million
dollars and we all own whatever that math comes out to.
As you know, we don't do public math, something like whatever, less than 1% of the crypto-punk
is yours.
So you sell your stake in the crypto-punk.
So they fractionally own it.
So that's what I think they're trying to do here is they're trying to fractionally own
the constitution, which is, they're going to turn the, they can take the actual constitution,
they're going to turn it into an NFT and then you can fractionally own the NFT.
And what laws or lose understanding of it?
How does it protect the investors?
How are the investors protected?
Protected in what way?
What do you need protection from?
Who's got to get you?
They can lie about the price that they sold it.
They can never sell it.
They can...
Who?
So, okay.
We're buying it from Southeast Asia.
If they get a hold of it, then they can accidentally ruin it.
It's custodyed.
I don't know how they do custody.
So like, I don't know who actually holds the keys.
Maybe it's a group that owns the keys.
I think the way the DAO is structured is there's a wallet, the wallet holds the NFT and it
requires X% vote in order to do anything with it, to move the NFT again.
So you kind of vote as a group and if whatever, over 50% of people do it, then they're going
to do it.
Okay.
Hold on.
Let me tell you what this person said.
So, okay.
Maybe I could say his name.
It says it in his profile.
So this guy, Austin Cain, reached out and he goes, he started off hot.
We are literally purchasing the Constitution of the United States.
Okay.
I go, cool.
How much is it?
Southeast estimate is around 15 to 20 million.
We're building around the clock.
The NFT we did shaped his views on this idea.
So I'd love to have you be a part of it, blah, blah, blah.
And they're basically pooling together assets.
I think the Discord group that they have has like thousands of members.
Like, I think they had 10 million in soft commitments, like verbal commitments and 3. something
million actually funded commitments.
And so you crowdfund the DAO.
And then I think what they plan to do is they actually plan to hold the physical Constitution
in like the Smithsonian or something like that.
So they plan to like have the, do they make a profit?
Does this guy Austin to make a profit for organizing?
I don't know.
They don't, you know, there's not a ton of details and about the, how the DAO is structured
and whether they have like some preferential thing and you know, by the way, so this is
the same idea we had.
They got 10 million in three days.
10 millions.
They're soft commitments.
They have 3.6 actually wired into their wallet.
And you're going to say we had this for the Jordan thing.
And yeah.
I was talking to a friend about that the other day, I'm like, I still think that'd be great.
The only reason it, like if we ever actually wanted to do this, I think there's the differences
is that that that Constitution is likely just being sold to the highest bidder.
Whereas if Jordan found out that someone was going to do X, Y and Z, he'd be like, no,
fuck that.
I don't want to do that.
Yeah.
Yeah.
Perhaps.
Perhaps.
Then again, it's been on the market for what, seven, 10 years, something like that.
So maybe he's ready to sell if somebody can actually meet, you know, meet the price.
I think we, one challenge we had was a, we're just busy and just kind of fucking around
saying it.
Somebody would actually have to go boots on the ground, figure out, go see it, go figure
out why it's not selling, figure out what the, you know, the, the rules are around.
Could people Airbnb it or could you turn it into a museum or could you do something with
it?
Or is it literally going to be an inactive asset?
You know, but I think this is something that can happen.
There's another version of this.
Have you heard of Krause house?
No.
What's that?
So I'm a little jealous.
I didn't think of this idea myself, but I might just do my own.
The name is really good.
Krause house.
So Krause house, which is K-R-A-U-S house.
It might be the weird spelling of house too, but basically they're, uh, it's krausehouse.club.
And here's what it says.
We're a DOW of basketball fans.
And we're crazy enough that we're going to try to buy an NBA team.
And so they're basically trying to do the same thing to try to crowdfund and buy an
NBA team.
Today, NBA teams are owned by billionaires, you know, successful business people, Steve
Ballmer types who go buy these teams for one to $2 billion.
And the idea here is why don't, why wouldn't all the fans of, let's say, you know, like
the diehard crazy fans of, you know, the Grizzlies or whatever, like, uh, why wouldn't they band
together?
Could they band together?
Could they raise enough money, um, between fans of the team and investors who just would
love to own a piece of an NBA team and you buy the team and then you, you control the
team through the same sort of vote.
So you decide which GM do we hire?
Do we keep this person on for another year or not?
And so it's sort of like a crowd controlled NBA team, which is that you can't do that.
That's a, yeah, it's a dope idea.
It's incredibly, it's impossible because with buying a basketball team or any American sports
major like one of the top four or five sports, it's impossible to buy or not impossible.
The issue is not the lack of money.
The issue is that it's like, you know, in England, they night you and they start calling
you Sir Richard Branson in America.
We allow you to buy a sports team.
Like it's a select group of people and very few people are actually allowed to do it and
it's done that way on purpose.
So for all that's true, you, you basically, you have to get approved by the other 30 owners.
So, um, you know, they can vote to block you, but it's not to say they would vote to block
this.
Like I think this could generate a ton of, uh, attention and press and be seen as pretty
forward thinking.
I don't think it's a given that they would block this.
Um,
I don't think it's a given that they would block it, but my point is, is this is not
like a thing like, Oh, I'll just get the money and buy it.
I'll just go and buy it.
Right.
Yeah.
But I do think money is the limiting factor here because, uh, if you go, like there's
a team that's for sale right now and if you want to buy them, you have to go put up
the, you know, sort of like, you, I think you'd need to come over the top with the bid.
So you're not going to get a deal here.
You'd have to say, okay, you know, the price is 2 billion, we're going to play 2 billion
or we're going to pay 2.4 or we're going to play 3 billion because we have to be the winning
bitter.
And if you could choose between a simple clean transaction with another billionaire, you'd
probably take that.
So we're going to have to like buy something that's got here on the deal.
Now there's another group that's doing this in a much more, uh, practical way.
And I don't know if practical is better.
So what they're trying to do is they're, they have a Dow and they're trying to buy a like
fourth tier, um, soccer team in like the English Premier League or whatever.
So there's like, not a, not a team that's in, I don't know how soccer works, but it's
like, not the actual Premier League, but it's like, you know, there's the ranking system
where you can like ladder in or you can get demoted out.
So they're buying one at the bottom and that's like a note, it's, it's, you know, the show
Ted Lasso, they're basically trying to do Ted Lasso.
So they're buying this like joke of a team who did that and they're like, great, uh,
it's another group of people, another crypto group, uh, that's putting this together.
And they're, they're buying the team, they're going to own, and that they can do.
That's a pretty permissionless thing.
And the price is like not, you don't need 2 billion dollars to do it.
You can buy it for 10 million dollars.
And so you're going to buy this team for 10 million bucks.
They're going to crowd control the whole thing.
They're going to mint NFTs because they're going to own the IP of the team brand.
And they're going to, they're trying to be like, they're trying to show what a technology
kind of like first crypto first team, how they would run their team.
As an example, that other bigger teams might be able to like look at and say, oh, that's
smart.
How they are, they minted it.
They sold 20 million dollars of NFTs for their team and every jersey comes with that NFT.
How does that work?
Um, or, you know, there's a social token that gets you access.
For season tickets, like, what does that mean?
And so they're trying to demonstrate it that way.
And they're trying to literally rank up and the goal is to eventually get into the Premier
League and be, you know, can they one day go play against Manchester United or whatever
that would be the dream.
I don't want to spend much time talking about NFTs and crypto because I'm so bored of it.
But I just read this amazing Wall Street Journal article about Gary Vaynerchuk.
Did you happen to see that?
I didn't see that, but, uh, I've been following kind of what he's been doing.
But tell me what stood out to you.
Gary's, for the listeners, Gary's been on the pot a ton.
If you, you, everyone probably knows who he is.
If you don't know, he's basically, he's a celebrity for having a big mouth, but he's
like, cool.
And he's, and he talked, but he talks a lot.
And he owns an agency that at this point it's quite large.
If I had a bet, I would say they're like a 200 million revenue business, like it's really
big and he bootstrapped it.
And he is on fire lately.
So basically before we get to the article, lately he launched a thing with Michael Rubin
where, um, I forget Michael Rubin launched two new businesses and Gary's a partner in
one of them.
I think it's the like NFT trading card one.
Is that it?
Yeah.
You told me about this.
Yeah.
Yes.
And then he also is doing, he has a new book coming out and he just launched this thing
like a year ago.
We had him on when he did it called V friends, which I think it's like a collection of NFTs.
I think it's valued north of $500 million, right?
Uh, I'll have to look up the latest, but yeah, it was basically like a top 10, top 15.
It's been a top 10, top 15, um, crypto project for its entirety basically.
And I talked to him like the day at launch or something like that, um, I was with him
at this dinner and I think he said that he had made like 20 or $30 million that day from
it.
Like just a huge sum of money.
There has been $93 million of sales of V friends.
And I think he gets, you know, let's say at 10 to 10 to 15% stake a royalty on every
sale.
Um, so I think it's pretty easy to estimate the, I think at the low end, he's made $10
million off of V friends at the high end, it could be like 30 million.
So he's just like prolific.
And let's say what it does.
He decided to make a NFT token that you could own it and it guaranteed you one utility.
Just the way we did it, NFT that said you get five minutes of airtime on our pod someday.
By the way, the guy who bought it reached out, uh, he's an interesting guy doing interesting
things.
And so, you know, he want, I asked him, I said, do you want to cash that in or you're
cold? And, uh, he hasn't replied yet.
The, um, Gary V did one where he said, if you own this thing, is the buyer, is the buyer
just a rich guy?
It's just like a rich crypto guy.
I think he's, yeah.
I think he's like crypto rich basically not like mega mega rich, not like crypto billionaire
rich.
I don't think, um, but it's just like a wealthy crypto guy who got in early ish and has done
very well and is now in doing a bunch of things.
So anyways, Gary V's, his NFT, if you bought it, great, you have this NFT, which might
be cool as an NFT. You might like the art. It might be, might, he might launch more
products into it someday, but at the very minimum, it gave you access to his conference.
So it was a conference ticket in a way for, uh, that you could use and there was the only,
I think the only way to get into the conference maybe.
So that's what he did.
And he hasn't even, I think he just announced when the conference is going to happen and
it's going to happen for a guaranteed three years or something.
Yeah.
So we kind of bumped it back, but whatever.
So kind of cool.
So his latest thing, he's got this new book.
It's called 12 something, 12 things to be a good leader or something like that. I forget.
And he had a rule that he created this thing where if you bought 12 copies of the book,
you would receive a mystery NFT. It's still to be determined what that NFT or token actually
like, what does that actually get you?
But he, that's what he promised. And so far as of today, it is the largest pre-order ever
in publishing history. He has, uh, I think as of yesterday, he has sold one million copies
of his book before it's even gone live. And the people have no idea, uh, you know, what,
what they're getting. The way that he did it was he, last night or a few days ago,
he did a three hour live YouTube and Instagram thing where he told people to buy the book.
And his all stick is basically like, I don't ask for much and I provide a ton of content
when I have a book come out, I'm begging everyone to buy it. So that's kind of cool.
And that's what he did. And it's the largest book release ever. And that is nuts. That
is so crazy.
So, uh, the way, and you know why people are buying this, right? You know, why people
are buying 12 copies in this book?
Of course. Oh, did I not say the 12th copy, they get one of these tokens, right?
They get, they get a mystery NFT. So he promised you that there's going to be an NFT. It's
going to be good. And it's going to be for anybody who buys, I think, I don't know if
there's tears or what, but like 12 or more books, you're going to be able to get one.
And so, um, and so, so it's kind of crazy, right? Like that's one million books is an
insane number of books to sell. Very few books do a million, a million copies. I think, um,
I was looking at this site because I signed up to write a book next year with Tucker Maxis
thing. And I was like, okay, so what's like good, you know, is it good? Like a hundred
thousand copies, 10,000?
No, I bet it's like a thousand. They're like, the, you know, some stat 99. Whatever percent
don't sell a thousand won't even sell a thousand copies, 10,000 copies. It's like, you know,
yes, the best sellers do eventually sell, you know, like a hundred thousand copies.
And then there's things like, you know, like for a work week or in this category, at least
atomic habits. I think atomic habits, he did three million copies sold in the first two
years or something like that. And the biggest winner of the past five years is Mark Manson's
book, which one was that the subtle art of not giving a fuck. That book was so big that
when I was reading the quarterly reports for whoever it's owned by Harper's, which is owned
by FOP, the one of Rupert Murdoch's companies. I don't remember if it's Fox or News Corp.
But anyway, they like one of their big things was talking about that book and how it's like
saved their publishing business.
Right. And there's basically, so, so why did this work? So one reason why it worked is
because Gary's been doing this for, you know, he's been building trust for like 20 years.
You know, like I've known about Gary Vee for 10 years and, you know, he didn't start then,
I don't think. So definitely before that. So he's built up a lot of trust and he's like
maniacal about content production. Like he creates so much content in addition to everything
else he does. And it helps, right? The content helps feed the agency. It helps feed all the
things he helps sell books, but like the amount of content he produces is wild.
So he built up this trust. He was talking about NFTs. He was talking about trading cards
before trading cards had their huge run up. So if you're like, Oh, Gary's talking about
trading cards. I don't know about that. I'm going to, I'm going to hold off and see how
it goes. Then you just see this huge run up at basketball cards. Then Gary Vee starts
talking about Pokemon and then he starts talking about NFTs. Pokemon goes up through
the roof. NFTs go up through the roof. And then you look at his tracker and you say,
Oh man, he kind of was also big on social media before social media was obvious. He was
saying, you know, I remember when Instagram got bought, he went on the news and everyone's
like underpriced. He was like, this is, this is a steal. And everybody else thought, Oh
my God, they paid a billion dollars. It has zero dollars in revenue. Like what are they
doing? And he was like, are you joking? Like this is a, this is absolute steal by Facebook.
He was talking about musically and music, how people are making, how kids were making
music videos before musically turned into tiktok. And I remember tons of people were
making fun of him like, okay, you know, great. Yeah. Yeah. 12, 12, we're all going to be
like 12 year olds making dance videos in our bedrooms. He was right. So he's right on social
media is right on baseball on trading cards. He was right on Pokemon. Then he was right
on NFTs. He started talking about NFTs. NFTs had this huge bull run partly because a guy
of his stature, him and Logan Paul, when they started talking about Pokemon, they started
talking about NFTs. It actually drove a lot of attention into NFTs, a lot of adoption.
So then he launches his own and you're like, Oh, do I want to buy this V friends as doodle
that he made? It's priced at two and a half ETH. So he auctioned off the initial ones
at two and a half ETH today, the floor price, meaning the minimum you could the lowest price
you can buy it for is 8.1. So if you just bought, if you just bought it, that's like
do eight times roughly four grand. So, you know, 32, 30,000. So basically you, you're
up almost four X on your Europe, three X basically on, on the last thing he told you about.
So this time when he says, Hey, buy my book, I'm going to get you a special NFT. You might
have missed V friends. You missed the NFTs when I told you about them. You missed, you
know, the basketball cards before they all got hot. Get this one right. And I think that
if you have a track record of being early and right, this kind of like FOMO builds and
people just start to trust you. And I think that's what's happening right here is people
are like, All right, cool. I'm in. I'll do this.
Yeah. And I think what I would like to do is I don't know this, but eventually I would
like to do it is I want to look at what he's been wrong about. So Gary is right a lot,
but he takes a ton of shots. And I was reading Glassdoor reviews of VaynerMedia to understand
like what's, what's cool about working there and why people like it so much. And they were
saying like the haters of which there'll always be haters where it was like the negative reviews
said something like he's always saying the latest and greatest thing is going to be the
next big thing. For example, and then they named like four apps. And I'm like, Oh, I'm
not even like these are dead. Those are cool. Like two years ago. And so I'd be curious
what, what he's been wrong about, but I do think that he's likely right more than he's
wrong and he's been right in big ways. Yeah. I was actually watching. So he did another
cool thing actually not to make this the kind of Gary Vee hour, but he did an interview
with Mark Zuckerberg, which I thought was a pretty big deal. Amazing. Amazing. It was
so good. Yeah. It was good. Dude, he steamrolled Zuck too.
He kept interrupting of which the comments were just ripping them for. He steamrolled
Mark Zuckerberg. Yeah. Somebody said in the comments, they go, Gary's talking to Mark
about social like he's his big brother and Mark's little brother, but obviously Mark
Zuckerberg like invented social networking and like runs, runs the world. But it was
true. He really was kind of like all over him. He's a better talker than Mark, right?
So that's actually kind of natural. He's a better speaker. He's more engaging and he
has these quicker off the cuff and Mark is a little bit more rehearsed and kind of thoughtful
about his words that doesn't always play super well in front of a camera. But what did you
think of that interview? Did you hear anything that? Yeah, I thought it was great. I thought
Gary said something cool about how he's like, I knew NFTs were going to be big because of
Farmville and how people would pay for these badges. And then he also referenced another
Facebook app that I didn't, I don't know what it was, but my contacts clues were like,
okay, it was like a thing where you could like purchase a cool picture. And he was like,
that's how I knew it was going to be big. And Mark goes, you know, I never really thought
of that. And I thought that was funny. I thought that was pretty cool. Also, Mark's haircut
was horrible as if they just like put a ball in his head and just cut the bangs around
it. What's he doing with a bad haircut like that? It's actually Gary had a great line
in that, which he's like, he's like, basically Mark's talking about like the metaverse. You're
going to have this, this avatar. You're going to have like your character who has its own
virtual clothing and it wears that. Like it looks like a SIM, basically, if you've ever
played the Sims. And Gary's like, you've been living this life. Like basically like Mark
already looks like a SIM. Like Mark looks more like a character from a video game than
an actual human being. He talks more like a character from a video game than a human
being. And he wears the same exact thing every day on purpose, which is what your character
in a video game does, like black shirt, blue pants.
And he said, and he named him and he goes, this is you already didn't go into details,
but he was kind of like, you've been ahead of the curve, but I thought it was hilarious.
You know, that he called him out on that in a way.
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by going to HubSpot.com. That's HubSpot.com. All right, let me ask you a quick question.
So I've been thinking about this, something that I've been thinking about. We've had a
bunch of friends talk about screen time, limiting screen time, and I've been thinking
about this. So I just did a very short amount of research. So basically, I was curious about
what trends have existed where rich, that's separated rich people from poor people. For
example, in the Greek and Roman era, which actually I don't know what years those were,
actually, BC, sometimes BC, basically, you were rich if you were very, very white and
Roman poetry would praise the white girl and that meant like the pale and painless was,
yeah, was a mark of beauty and of social class and things like that, because basically you're
not outside working really hard. Of course, that changed. And in the 1960s, like, it kind
of started right around that time where being tan meant that you have a leisure, you know,
you have enough time to go hang out outside and have fun and skin tone became kind of
a marker of wealth. And in during World War II, women were using teabags as self-tanner.
Coco Chanel around the 1930s, 1940s talked about being bronze and being tan. And so now
it's like became popular to be tan. So what do you think, and I'll tell you what I think
mine is, what do you think in like 20, 30, 50, 100 years is going to be that thing? My
opinion is what it's going to be is a lack of screen time. So not like, like it's going
to be like, oh, you use a computer. No, I don't know. I don't use a computer. Yeah,
I think it's going to be people. And so like, Mark Laurie talked about that. I believe Jack
Dorsey talked about that. Elon Musk has mentioned it. Bill Gates says his kids don't get screen
time.
That's what he said.
Yeah, he said this a few years ago, this came out. I think he kind of backed off it because
it sounds really bad because like, dude, you addicted the whole earth to social media and
you're like, don't let your kids do it. But let me see what the exact thing is. But I remember
for sure that he either limited or or said, you know, said he wouldn't do it. So he said,
dude, I noticed that once I kind of got a little bit more success in my career, like
I don't check anything on the weekends and like some for like different projects, like
I'll get to it when I get to it. Like I'm just not going to check my email. I don't want
to be on the screen.
Yeah, I remember it was a big deal when he said it. I think his kids were like under
three at the time. So it was like, you're probably not doing a ton. It was like my daughters
too. She has a ton of screen time. But like, you know, I get Mark Zuckerberg doesn't have
to do that necessarily. So he he was like, yeah, maybe when they get older as they get
older, I'm sure they will. But but people were like, hey, you know, the media sort of
out to get you, you know, in this kind of case,
I've got I've got a couple like pretty wealthy friends and they'll be like, yeah, like our
kid has never like, we don't use our phone in front of them. We don't let them see a
phone and then I, you know, I'll go and hang out with other friends who maybe aren't in
that position. And like we go out to dinner and they're playing on the phone the whole
time. And so that's my I think it's already happening. And I think it's going to happen
the next 20, 30 years.
There's a few more. So there's actually there's actually, you know, other ones. So I think
back in the day being fatter. So having a big belly used to be a sign of wealth. Because
obviously you had enough like means to eat food and you had a leisurely lifestyle. And
now it's the exact opposite. Right. So like, you know, having, you know, abs is more seen
as a higher status thing than having a belly. Somebody used to have a big nose. People used
to tell somebody told me once like, oh, back in the day, that was like a sign of like great
power and authority or something like that. I don't know if that one really could change
over time because you can't really control it as much. I guess nose jobs, but, but I
think you're absolutely right that these things shift over time, that the status signals
that you have shift. And it's basically you want to be doing what the masses are not doing.
So, you know, if everybody's on horseback, you want to be in a car, when everybody's
on in a car, you want to go learn horseback riding. That sort of thing. Same thing with
like hunting, like, you know, having others hunt for you. And then now it's like a status
symbol in a way to be able to have the free time and the skill to be able to go out and
go out and go hunting, like have a hobby, have a hobby like that. I think that I think
you're absolutely right that being away from like the digital experience, like how like
being able to not have to either work online, play online or talk to people online is going
to be a status, like it's definitely like a status symbol because it's going to be so
rare. It's going to be more rare than whatever, you know, a diamond or gold or anything like
that is because everybody is going to be completely engrossed as we already are halfway
there in like kind of like the online world. So having anything in the offline world is
going to be like a extreme luxury.
And that actually like if in terms of like money making and business, that actually like
is an interesting trend to look at. There's this thing called what's the dumb phone thing?
Is it called a light phone? I keep hearing a lot of people talk about this thing. Have
you heard of the light phone? I don't know much about it getting it. So basically, if
you haven't seen it, the light phone is a really minimalistic looking phone. It looks
pretty cool. Honestly, it looks very clean design. It's like a very basic phone that
doesn't like an app. It looks like a member, member of Zoom or Microsoft. It looks like
the early cell phones, but just like cleaner and you know, like a flip phone or whatever.
And basically, it's just a phone that doesn't have apps. So you can text on it, you could
call on it, but you can't use the internet beyond that. And it's meant to be like, Hey,
do you want to like, you don't want to be detached from the world, maybe your kids or
whatever, like, you know, as you, you know, if you need to be reached for an emergency,
but but you don't want to be kind of like on Instagram, you know, at the time, I think
it's a great idea that the problem with it is kind of inconvenience with it, which is
like, I think you need to like, you need to be like switch your SIM card every time you
want to use it and shit like that. If you want to use the same phone number. So that's
kind of annoying. But I think it's great. And I'm surprised this isn't bigger. I think
it was like a Kickstarter project.
I'll buy it. I'm going to buy it. So we just did this NFT thing and we said, we'll do
content stuff. I'm going to set us up with the, or I'll set it up and you can decide
if you want to go with the health thing with that executive checkup. And then I'll, I'll
buy one of these light phones and we could talk about it. I think it's amazing. I think
it's cool. You can still use music. I think it's really cool.
Yeah, I think it's great. And what else comes to mind that's like this? So what are some
other things? So there's obviously in person experiences. So travel, meetings, concerts.
I think that already kind of has like a bit of a premium, but I think that'll get extended.
The premium will get larger. The rarity will get, will get higher on that because if most
meetings just happen over zoom, then you'll, it'll be a special meeting when you make an
effort to go fly and meet somebody face to face. Same thing with a concert. If you,
you know, going there and being there and experiencing it's going to be one of those
feelings you can really only get by doing that. So it's going to become more valuable
over time. Like I was talking to a comedian and he said like, he's like, dude, I was worried
like, you know, after COVID, what would happen? He's like, demand is roaring back. He's like
the demand now for shows is higher than it was pre pandemic.
So you're asking what else is like this? Well, the rich people, poor people think what else
could be kind of a status and blah. I think I have a couple. Yeah. I think like the splitting
time thing between cities, it's still expensive, but it's still expensive, but it's not prohibitively
expensive. So like, I think that that's going to be far more calm. I'm doing it now and I
realize I'm like in a fortunate situation, but I think that it's far more accommodating
than ever before. So I think that like that part time living and splitting time between
cities is going to be quite common. I don't know what else. Yeah, I think that's actually
a great one. It's sort of like if you look at what are what are our rich friends do now?
That's not common. And then that's just going to become like, like more people are going to
do that thing. So like, you know, like you're talking about having a few either Airbnbs or
like having three homes and just shift like throughout the year, just shifting based on
where you want to be and whatever season you want to be in and not having like a hometown.
Dude, here's a more of a thing. Here's one and you're getting into it now. I've been into it
for a minute as well, which is, did you see it? So I, well, kind of, I tweeted out asking people
to see, to say like, what, like, so I'm, I'm, I'm building this house and I'm like, how would
you optimize it for longevity, health and fitness? And I got so many amazing replies.
And the most consistent one was cold plunge and sauna. So many people are interested in that.
And I think that that's a much bigger trend than I ever thought. So I think having home saunas
and home cold tubs, that is something that's going to be, that's, I think we're still in
the early stages of that. I never would have thought that that was going to be a thing.
Yeah, that's the, I just bought a sauna, by the way, like two days ago.
I know. I saw you cut the, what's his name? Andrew said, like, don't do infrared and you're
like, but I bought an infrared. Is that so okay? Yeah. By the way, there's a sick company,
so check this out. Is it David? David's company? Florence. Have you seen this?
This guy just DM'd me who I'm friends with. He spoke at hustle god and he goes,
Hey, I just met with Sean about my sauna business. And I said, this guy, yeah.
And he said that you also like this type of stuff. Have you, did you go look at it? Did you see it?
It's sick. He just, he DM'd me a video when you want to explain what it was. So basically,
How do you spell it? So there's two that got kind of like highlighted here. The URL is WeAreFlorenz.
How do you spell Florence? F-L-O-R-E-N-S. F-L-O-R-E-N-S. Okay.
Okay. So basically WeAreFlorenz. So basically what he's done is he's built a custom kind of
like new version of an in-home sauna. It plugs into a normal outlet, which when I was looking
up saunas, that was like one big thing is like, you have to, I don't want to have to get an
electrician out here to handle the power of the sauna. It's like small enough where it fits in.
It's like a great, like it's like made for like, you know, one person that could fit easily.
Then there's a super nice, like super clean design. So like most saunas kind of look like this kind
of same cabin looking feel. This looks like it fits in like a modern home. It's like very slick
looking. And so he's building this thing and he showed me one. He's got it. I'm going to go visit
him. He's got one down here, not too far from where I live. That's in that Presidio. So then
there's one of the, then there's one in the Presidio called Ancient Ritual. Have you seen
this one? That's the one I saw, Ancient Ritual. So there's two. So Ancient Ritual is the other one
that people are kind of hyping up. And I think that one is like almost like Peloton for a sauna.
So you get in, normally when you get into a sauna, you're like on your own. It's like, dude,
here, go sit in this, this hot box and like think or, you know, talk to the naked guy next to you.
Like, I don't know, like do whatever you want to do. I think what ancient, I don't know exactly
what Ancient Ritual is doing, but I think what they're doing is it's sort of like a guided
meditation. They have sounds, they have sense, they have like, they'll talk you through like what to,
what to like, it's like calm or like headspace, like meets a sauna. That's my like prediction.
They're a little bit, they're very stealthy. There's like nothing on the website, but that's
my understanding of it just from figuring it out. Dude, the Florence thing is amazing.
Yeah. So I'm really excited about both of these. I don't think either of these is like,
you know, mega huge business, but I think it's, I think it could definitely be a really healthy
business. And it might be one of those that surprises you. Maybe there's bigger demand.
Maybe this is, maybe this ends up like pools, right? Like, I think our buddies are in the,
they bought a pool construction company who's telling me something like, you know,
like some absurd percentage of homes, like 50% of homes or whatever in areas that can host a pool,
like we'll get a pool in the suburbs. And it's like, that's not the exact percentage,
but it's like, it's a $50,000 average ticket. It's the number one, like kind of like optional
upgrade to a house that, that happens. And, and so, you know, those companies are doing really
well pool construction companies. And so maybe if you fast forward 10 years down the road,
sauna and cold plunge is going to be as common as swimming pool is in America. Like I could,
I could see a world where that's the case. I definitely could too. So I'll have to remember
exactly what these, the, the, the study says, but there's a, there was a very reputable and
famous study and it said two interesting things. The first thing that it said was,
if you sauna for two 20 minute sessions a week, it decreases the likelihood of cardiovascular
disease by something like 30 or 40%, a massive number. Then it said, if you sauna for three 20
minute sessions a week, it's going to decrease it by like 60%. Like it's like the numbers are
like astronomical just from two to three, let alone zero to two. And so saunas like,
I, the way it works is basically like when your body heats up that much, I guess it stresses it
and that's, that's a really healthy and good stress. And anyway, it's pretty sick. I'm all
about that. Do you want to talk about these last two things you have on here? I'm very eager
what those are. Yeah. Let's talk about them. By the way, just to put an end point on this,
like we talk about this because just we're interested in it and like whatever it's just
this is our hangout. If you want to be on the wall, great. But I would also say there's been
a big lesson I've learned that is anytime people live, anytime you discover a group of people
who are very interested in and living a lifestyle that is different than yours,
is very easily initially to write it off and just say, oh, that's frivolous. That's,
that's just kind of like whatever, you know, they're out of touch or they're weird or whatever.
Like it doesn't really matter what, what category it is. Like when I, when I saw gamers and people
who stream video games and watch other people playing video games, it was so strange to me.
I remember making fun of this kid in college because I walked in on him and he was watching
somebody else play a video game on a live stream and the guy was playing in Korea and I was like,
you're watching a dude in Korea play this video game. Why don't you just play better yet? Why
don't you get outside and like, let's go go get some food. And I made fun of him for it. And
then years later, I'm like selling my company to Twitch and like, I'm like talking about how great
this trend is. And he's like, called me. He was like, you mother, you know, like, I, dude, you
made fun of me for this 10 years ago. And here you are now, like now you're on board. And that's
happened to be so many times in life that now I go the exact opposite way. I see some somebody like
you who says the same thing that our other buddy said, which is maybe I should go to the Mayo Clinic
and get these advanced scans done once a year. I think, huh, maybe that's something that more
people are going to want to do. Why would he want to do this? Why are people choosing plant-based
lifestyles? What is that all about? You know, like, well, and so now I lean in anytime we discover
these things and that's become some of the best a like either like discoveries, life changes I can
make or B investments. It's a great way to invest because you're actually on the like the cutting
edge of stuff you're in early, which is super important, obviously. There's a book on like a
famous business book on it where he talks, I think it's crossing the chasm or something where he
talks about like early adopters and then like the there's basically this like bell curve of people
where it's like in the beginning of the bell curve, it's like late people who are late to it
and then like the middle is like the average Joe and there's like early adopters and there's one
more like cutting edge and you and I both have like a handful of friends of which I would actually
say that I forget the names of them, but in that bell curve, there's people who are getting names
because you got the idea right, but you like butchered all the names. So it's basically
earliest is innovators and it's like the people actually like figuring things out
and then there's early adopters, then there's early majority. That's the kind of like big
chunk late majority. That's the other part of the big chunk. And then there's the laggards who are
like, you know, people who still have AOL email addresses and like, you know, are looking driving
around looking for blockbusters. And for a lot of things, I would say you are on the rights.
You're either an innovator or the one next to it, an early adopter. And I'm trying to go. I'm
intense. I'm intentionally trying to go that way. So I thought, you know, I'm just not that I'm not
like a futurist type of guy because I've been so wrong. And I figured out the formula for it.
The formula for it is have an ego, make a prediction, be wrong like five times and have it rubbed in
your face how wrong you were. Boom, you're not you're now a futurist. Like I remember the first
time the iPhone came out and I was like, who the fuck wants to like read tiny text on a screen?
Like that's awful. I was like, nobody's watch a movie on this. I was like, yeah, you can watch
it. Who would ever watch a movie on this like tiny square? Like that's like that would be the worst
is worse than an airplane headrest. Like I remember saying these things to people and like I was in
college. I was like a junior in colleges. There's nobody remembers this, but I remember being that
wrong. Snapchat. I remember being that wrong. My username still has the word test in it because
I was so certain I was like Snapchat. This is this stupid, right? This is just for kids and
dick pics and stuff like that. Like certainly won't go on beyond this Bitcoin. I was wrong
early on, right? Like guys in my office were telling me about it back in 2012, 2013. And I was kind of
laughing and saying, guys, let's focus on something like legit here. And now I'm like, you know,
a fucking Bitcoin evangelist. And so like Twitch, same thing. I was wrong about streaming. I've been
wrong so many times that I've actually flipped the script. Now I kind of had to reassess my life and
say, I'm not going to be very good as a technology entrepreneur or technology investor. If I just
continue to write off the big things as dumb and stupid early on, like I need to go the exact
opposite way. Okay. What would it take for me to do that? And I just, I just inverted. So instead
of, you know, anytime I see that the same feeling, I instead lean into curiosity. What's making people
want to do this when I think it's so strange. And now that's, that's like flipped the script for me.
And we either had Justin or Emmett on at HustleCon or on here. And they were talking about
Justin TV, which was the site before Twitch became a thing. And it was basically,
anyone could log in and create their own live TV channel. And Emmett, I believe, you could tell
me if I'm wrong. I believe the story was like Emmett would like, there's a small corner of the site
where these like guys are watching video games. And it was into a lot of people, like thousands of
people, but they were spending 2% I think of the traffic at that time. But they were spending a
significant amount of time watching. And he was like, that's, this is the one that we got to go to.
And I don't even think it was that as data driven. Actually, the data pointed against it,
because again, it was a small amount. They had a combination of two things working in their favor.
Number one, Emmett was like, I guess actually the number one factor was
they were fucked. The current thing wasn't working. And they had like no, like they had
nothing to lose. They were going to run out of money and fail. Or they had to try something
dramatically different. And when you feel like you're fucked and you have nothing to lose,
you actually have one of the greatest assets on your side, which is that, you know, when you
have nothing to lose, you play completely differently than when you feel like you have
something to lose. So that was the first thing they had to change. The things that were popular
were all like illegal streams. It's legal streams of sports. So they knew, oh, people want to watch
this, but we can't ever build a business around this. So what 90% of people are doing on this site,
we can't use. The 2% thing worked. And then the other one was he was like, I personally like
watching these. So he's like, I'm going to go with that. Like these are my favorite things to
watch on the network. So if I'm going to work on this, I'm going to work on the ones that I
personally find the most interesting. And actually most of the company wanted to go work on
the hotter, sexier idea, which was called, what was the thing called the video thing they had,
not video, their version of it called social cam. So the company split in half. They said,
alright, Justin TV is not going to work, abandon ship. And we got to figure out, you know, what's
the, what's the emergency ship? And so they had this, I think Michael Seibel, who now runs Y
Combinator and Justin Khan, they wanted to do social cam. It was Instagram for video. Instagram
is the hottest startup in Silicon Valley, but it's photos. We're going to do Instagram for video.
And they were able to instantly raise money. They got tons of initial hype and traction and
press and all the talented people in the company wanted to go work there. So I talked to this
guy, Jacob, who's the OG designer, Twitch, and he's still there. He's still at the company today.
And I said, how'd you know like to bet on Twitch instead of social cam? He goes, oh, no, dude,
I wanted to be on social cam. They were just like, nah, like, we don't like teams full, bro.
Like you go work on the thing with Emmett because Emmett is his childhood friend. He said, you
got to go do that one. He's like, oh, fuck. All right, whatever. And, you know, so like,
that was what seemed like the great idea. But actually what Emmett did, which was leaned into
this really weird behavior, unique lifestyle that these gamers were doing where they were
streaming themselves playing for eight hours a day, that turned out to be the thing.
And that's kind of my point, which is like, I think that there's like these, I do it on,
on like communities, particularly Reddit, but you can right now you could do it on Twitter,
or you could just type in like any idea or any hobby and type in the word forum. And you could
just find like these niche communities of people that are kind of freaks. And it's fun to like
learn all about it. Like for example, intermittent fasting, fasting is now like we all talk about
it. I remember like eight years ago, I remember Business Insider wrote an article about like a
Microsoft executive and they mocked him for the like intermittent fasting. What is this? And,
but there's, there's been communities online where I've like read about people doing this for,
forever. And you're like fasting, like, no, like breakfast is the most important meal of the day.
Just look at anything they make fun of Silicon Valley for at the beginning of coronavirus.
It's like VCs are so paranoid about the real world that they're wearing masks to conferences.
Guess what everybody's doing now wearing masks, right? Oh my God, intermittent fasting,
Silicon Valley's latest craze, not eating till noon every day. You know, what a Google,
what Google engineers are doing, right? It's like, make media loves to make fun of it. Guess what?
That's what everybody's going to be doing. You know, what are some other things that are like
that? I think, you know, some of them are meditation, by the way, was like that too.
People made fun of it. And then, you know, boom, it's like the new yoga. The other ones,
I think that that are happening are like stem cell or any like blood platelet spinning stuff,
where it's like, oh, you have knee pain. Well, these guys, they like go to Puerto Rico and like
go to Germany and like get this fucking blood spinning treatment and go get stem cells injected
in their knees. That and now they feel good. And gene editing, I think is gene editing is one
another one, breath work. I think breath work is where meditation was. I invest in this thing
called other ships. They just actually launched their app. I use it every single day. And like,
I use it religiously because it makes you feel so good. And to the average person, like I do it
outside now after Huberman was like, get get sunlight on your eyes. The first thing in the
morning, so I do it outdoors. And I'm sitting in my driveway basically doing it. And neighbors are
walking by, they're walking their dog, but they feel as a very normal behavior, go for a morning
walk. And they see me like doing fucking breathing techniques on my driveway and they think I'm a
nut. And I love it. I go louder as soon as somebody walks by because I want them to know
they live next to somebody from the future. Dude, there's this guy. His name was bill.
Well, let's start with there's this guy named Arthur Leonard. He's he's dead now. But in the
60s and 70s, he was a New Zealand track and field coach and he had runners like Paul Walker or not
Paul Walker. That's John Walker, Peter Furious. Yeah. Yeah. Peter Snell and all these like
New Zealand guys who started winning the Olympics in the 1500 meters, five K and 10 K. And everyone's
like, dude, what are you doing with your runners? And he goes, we run like 120 miles a week. We do
long distance running and we go slow and we just do it. Just a shitload of it. And this one coach
from Oregon got really interested and his name was Bill Bowerman. And he goes, well, I'm the track
and field coach at Oregon University. I have all these great runners. What are you doing? And he
goes over to in the 1970s of New Zealand and he learns from Arthur Leonard and he comes back
and he starts making it popular. And two things happen. University Oregon gets really good at
track and field and he ends up making shoes for his runners so they can run a little bit faster.
And he calls it Nike. He calls that company Nike. He starts it with a with another runner,
Phil Knight. And the other thing that happens in this just worked out perfectly is he starts
talking about it to all of his friends, even writes a book about it. And I believe it's called
like the joy of jogging. And the idea of jogging, it wasn't even like a thing in the 70s. People
are like, what do you mean? You're just going to run like art? Is it from what? Yeah. Like, aren't the
police going to go after you? And like it was like astounding. Like prior to the 1970s. Right.
So there was a jogging craze of the 70s. Prior to that, people didn't go out and run. That just
like wasn't like a thing. And so anyway, that's like another example where like running became
popular and Bowerman created Nike to kind of capitalize on it. Right. Let's wrap up with
this last thing here. What is this? I always enjoy your wisdom of shit. Put yourself out there.
Announce what you're trying to do and how you're trying to do it. So this actually came from the
Facebook, the Zuckerberg interview with Gary Vee. So Gary Vee goes, you change your name to meta,
you change the name of the company's name to meta. So like, you know, like, what's that about? You
kind of wanted to like, announce this to what's the kind of like the thinking behind that? Because
I think I get it, but you know, explain it. And Zuck basically said this thing. He goes,
he goes, you know, I think this is really important. And he goes, you know how it is when
you run a company because you have, you know, hundreds of employees, thousands of employees,
we have thousands, tens of thousands of employees. It's really hard to get the message out inside
your own company. One of the best ways to get your company to realize you're serious about
something is to go talk about it externally. So that's the first thing he said. And I thought
that was so true. When, whenever a statement gets made publicly inside the company, they also
read that article, they read that press and say, I guess we are committed to this. I guess we are,
I guess that is a top level priority. And they start to take it seriously. So all of a sudden,
the product manager start adding features for that thing, or the top talent will switch to
that division because they know that that's an area of for growth for the company. So it works
internally. Then he goes, the other thing is he's like, you know, we, we wanted to put a message
out there to the world. Like, he goes, I think it's really powerful. He goes, we wanted to say
what we were doing so that people who want that to exist will come work for Facebook. And Gary
goes, yeah, it's like a recruiting thing, right? He goes, he goes, yeah, he goes, it's kind of
amazing. You know, if you just say what you're trying to do and how you go about doing it,
that like it repels, he goes, you'll get a lot of hate. And he's like, we always get hate anytime
we announce anything, we get hate. He's like, so that's going to come anyways. And he's like,
when you say what you're trying to do, what you're trying to build, you know, what you're trying to
do with your life and basically how you're trying to go about it, you will repel the people who
find that off-putting and you will attract the people who want it. And he said it so simply,
this is not a, oh, I've never thought of that or wow, that's such a new concept. It's not that.
But it reminded me of like a lot of good things that have happened in my life that simply came
from saying what the hell I'm trying to do, why I'm doing it, why I'm so excited about doing it
and how I'm planning to go about it. Here's what I plan to do because the other thing Facebook
announced was we're investing $10 billion into the metaverse this year, like into our AR and VR
projects. And 10 billion is like a huge number. And so that basically says we're changing the name
and we're investing $10 billion. That means this is our future. This is the bet. And so that will
attract talent. Now, I just thought that's such a powerful concept for anybody. It doesn't even
really matter what the stakes are. Like I've done this when I try to hire interns. Most people
want to try to hire interns. They spend all their time, you know, they'll write a blog, they'll write
a job post and then they'll like, you know, hope and pray the right person comes by. And the better
way to do it is you write a job post that would attract the, you think about who the ideal person
for this is and you say, what would make them stop what they're doing and be like, holy shit,
I got to check this out. I got to go reach out. I got to talk to them. And so now you're not going
to write a normal job description that says the role, the responsibilities, the requirements,
minimum. You also need to know who you don't want to work there. Exactly. And it'll work out. So
like I put a thing up on Twitter once I remember. I think I've talked about this before on here.
I put up a thing. Yeah, people shit on you. People shit on me. They've written it for everything
I do. This one, this one, it was, I kind of like almost hand wrote it and made it look handwritten.
And I said, hiring an intern. I said, you're going to get three years of experience in the next 12
months. I don't drink coffee. So you'll never have to go fetch me some. You're not going to
know what to do. I'm going to throw you in the deep end, but don't worry. Don't worry. I won't
let you drown. And I said, you're going to work on this, this and this for me, because I'm trying
to do X. My start with the startup was at the time is I'm trying to build X and I want somebody
who can come in and do things like A, B and C and who knows what else. And I basically was like,
you know, whatever, and there's a PS at the end. And this got like hundreds of applicants to come
in. Why? Just because I didn't write a normal job description. Secondly, because I said it,
I said what the hell I'm trying to do. And it attracted the type of people who,
who want to do something like that with their life, you know, they, they found,
they found an overlap between their interests. It sounds again, so simple, but
if you kind of check yourself, you say, have I done that? When's the last time I put a steak
in the ground? I put a flag in the ground and said, here's like, I'm Sam Parr. Here's what I'm doing
so that you would attract like minded people. I think you kind of did it with the fitness
influencer thing, to be honest. You go, I'm going to do it. I'm going to get away from this business
stuff and I'm going to focus on being, I'm going to become a fitness influencer. I'm half joking,
but I'm also half serious. And, um, and then you started posting the content every day.
And you started like doing it in public on Facebook, you post on Twitter, you post it. And
I'm sure some people make fun of you or some people leave kind of comments that are like slight
jabs or whatever. Um, but like you put it out there and I betting your DMs are full of people
who are now sending you cool equipment, ideas, flying out to meet you. Like that's just what
happens when you do that. And it's not what I told people. Someone was like, do you want to make
money off this? I was like, no, but like, I would love like a professional athlete to think that
this is kind of cool and be like, Oh, I don't know. You like fitness. You want to come over?
Right. Uh, or, you know, like Achieberman, like he didn't find us this way, but he's like, Oh,
you're into like, you know, the body and things like that. That's neat. I want to learn a little
bit about the media business. Can I, uh, learn it from you? Um, have you read the book 48 Laws of
Power? I haven't read it now, but I've heard some of them and I find it weird, uh, like the summary
that basically the guy goes on Tik Tok. I don't know how he's in my algorithm, but the author
of Robert Green, he does like one individual power at a time on Tik Tok and it always comes up,
but it'll always be something so generic that I don't know how to like, it's like very weird.
He'd be like, Laws of Power, like, um, don't, you don't want other people to like you or something
like that. It's like something like that. And I'm like, okay, I don't know what this is. His books
are hyped. His books are like so in-depth. I believe that like in some prisons in some state
prisons throughout the country and some states have banned the book. It's, it's, it's incredibly
interesting. It's too powerful. It's, no, for real. It is. It's crazy. It's a crazy book and law number
25. I used to memorize the laws when I read it. Law number 25, and I just had to Google it now that
I don't remember it that well. Law number 25 is to always, uh, or consistently recreate yourself.
And he says, be the master of your own image rather than letting others define it for you and
incorporate dramatic devices into your public gestures and actions. Your power will be enhanced
and your character will seem larger than life. And with this Facebook thing, as well as a lot of
other things, they get made fun of for doing that. But these huge gestures oftentimes work out well.
Like I did, here's this little example of it. I had a Twitter bio for the last few months.
I just changed it, but I thought it was good. 10 million rev or something. I basically said
every Twitter bio I ever saw was like the past. And I thought, okay, I see the value in that.
Like it's good for somebody to land and know what you're doing. But I thought,
what's more interesting is like, what are you trying to do now? I said,
how could I plant my flag just in the top of my profile? And it was very controversial. I think
a lot of people felt, I don't know. They don't tell me, but I'm, I'm assuming there are a bunch
of people out there who probably read it and was like, this is kind of cringy or like, why is he
saying this is weird? And there's some people that would be like cringy. All you did was said,
I want to make a hundred or no, the business will do 10 million in revenue this year.
I said three things. I said four things. I said, I'm trying to be in a great mood daily.
I'm going to get into phenomenal shape for the first time in my life.
I'm going to make $10 million by December. And I'm going to, I remember my last one was
something else, but those are the three, the three about fitness, maybe the second one was
fitness, getting phenomenal shape for the first time that and something else. Maybe it was like,
blah, blah, blah family, something to make me sound good after I said I want 10 million
bucks by December. Okay. So I put that out there and I got, I would say five really important
messages from there of like really great connections that came out of it from people just
being like, yo, like respect, I respect you for putting that there. I might be able to help you
with the fitness thing or I might be able to help you with, I see you have the mood thing.
What are you doing for that? I want to learn. I'm like, great. I would love to teach it.
Or 10 million bucks. How are you planning to do it? How far along are you? Come on.
I get an email from one guy. He keeps saying, how far along are you? You're getting close.
Your thing is inspiring me. I set my goal too. My goal is not 10 million. My goal is 100,000,
but I want to make 100,000. And so like it attracts like-minded people. And I don't even think that
that was that good of one version of this. I think the, the law 25 you just said is super
important to like continuously reinvent and craft it and like play with it. Don't get stuck in like
whatever you used to say three years ago or even three months ago necessarily, if it's no longer
the most badass, exciting, fun version of you and what you're trying to do. Do you, and what
does it say now? You want to build a hundred million dollar brand or something? Yeah. So I'm
building a hundred million dollar brand and that put that I'm investing in company, badass companies
like XYZ. What are the odds that what, so you're building a business right now, which we purposely
don't talk about it, but you're building a business right now that's in a totally separate
field than you are. And now if, if you, you being like media, media, Sean, different than anything
I've done before also. Yeah. Yes. And many people, including me, well, I haven't done this, but this
is something I would have, I would do would say, well, what the hell? Just focus on like the main
thing. Yeah. But do you think it's going to work out? Like it seems like it might work out, right?
Yeah. I think it's going to work out. I think it's going to work out. I, the reason why, I mean,
I started with my wife. So like, I want to start a business with her. I think we had the idea
together. I thought that would be fun. I never did a bit. Normally, I would go work all day,
be super like, you know, excited and stimulated by like all the shit there. She's not into tech.
She's not into like the stuff I'm into. So I'd come home and, you know, she'd say,
how was your day? And I'd be like, ah, it's great. Like, yeah, it's hard to much further
in depth than that. Right. So this was a cool thing we could do together while we, you know,
like had our first two kids and I got two little kids now. So that's why I went into this very
different thing and also as a challenge and also we have a couple of friends that also do e-commerce
and we're doing really well with it. So I thought, okay, I can learn from them and kind of we can
bounce off each other, bounce ideas off each other. Would you sell it next year for like 20 or 30
million dollars? No, I think it can get to, I think it gets 100 and like, I think we should
just go all the way. That's pretty awesome. And you're enjoying it still. It's not exhausting.
It's a pain in the ass tons of times, but like, you know, overall, yeah, like somebody, our buddy,
Suli, who, who I talked to and kind of like look up to his business mentor, he was like,
he really wanted to advise and help me with it. And I was like, okay, why do you want to do this?
Like, you know, your time on this is not going to, not going to pay off. Like, you know, you have,
if you just spent that same hour in your other business or in one of these other 10 things,
it's just honestly, it's more valuable for you. And as your friend, like,
I don't want you to make a decision today that is actually like a bad decision. He goes,
like, don't worry about that. Like, he goes, I'm basically, you know, like, I was like,
you could just be having free time. He goes, yeah, I don't, this is my free time. He's like,
I am only happy when I'm in a prison of my own making. I thought it was a badass way of saying
it. He's like, you know, I don't want to do nothing. I like doing hard things, challenging things,
as long as I get to choose what the hard and challenging thing is. If it's
something I don't want to do and it's even remotely harder challenging, I'm like a whiny baby.
But when it's really hard, but I chose it, I, I picked this poison, then I have so much fun.
Like, I just wake up every day energized. And I was like, wow, that's a great way to know yourself.
That's badass. Well, we can wrap up there. I think, what did you, where's Ben? Ben,
what do you think? I think we covered a lot of interesting things. I like the, the philosophical
wisdom bullshit. Yeah. The end was really great. It got my wheels turning about like what I can
build kind of in public. I can put myself out there more. I love that. I think building in public
is overrated by the way. I'm going to do it with this ketchup thing, but I think it's overrated.
You know, it's better than building in public, just doing cool shit, not talking about it and
being private. Yeah, that's fair. I'm actually, I'm doing both right now. I have one thing that's
in private and a bunch of stuff that's in public. And I actually like them both. Ben, what, if I
said what, if you were going to put yourself out there, what are you trying to do? How would you
put your plant, your flag so that you can like a magnet attract like minded people to you? What's
your, what's your version of I'm Ben and here's what I'm trying to do right now? Well, so I mean,
obviously a lot of people know about my podcast already, how to take over the world. And I'm
trying to make it a top 100 podcast in the world across the category. So we're trending in the
right direction, but I haven't really put that out in, in public yet. And I guess now it is. So
there we go. Sam asked an important question. Every, every goal or dream should have a time
associated with it. Yeah, you always have to have it. Yeah. So what, what would be, otherwise,
you know, it's a, it's a endless wish. So what would be, what do you want? How much time is left
in 2021? We got six weeks. Yeah. Let's say in six weeks, let's say, let's, I got a little more
than everybody go subscribe. If you listen to this, go subscribe to the how to take over the
world. It's honestly an amazing podcast. That's why we've run some episodes on this feed before.
All right, we'll get you closer. And I think, you know, like if you just said, all right,
I think one of the reasons people struggle with this question is they feel the pressure like,
oh, fuck, this is my purpose in life or my mission in life. I better get it right.
And actually you want to do the exact opposite. You want to treat it like a kid when you say,
what do you want to be when they grow up? And they say, I want to be a dinosaur. I want to
be a firefighter. I want to be a pizza man. I want to be a pizza. And it's like, okay,
the best way to get to this statement is actually to put zero pressure on it and say it out loud
and say it out loud again. Say a different thing out loud. Say it like play with the ideas until
something sticks with you and hits with you. And then you say, okay, and then how do I juice that?
If that's the dream on level seven, what would it be on level 10? What would it be if I turned the
knob all the way, broke the knob off the volume thing and it's now at like volume 12 accidentally?
What would that be of this podcast? What would it be right now if you cranked it up? By the way,
I feel like we both put ourselves out there of putting a number to it. Meanwhile, Sam is like,
I'm just going to be a fitness influencer. But where's your number in timeline, Sam?
No, I have one bitch. It's to weigh 185 pounds by January 15th. Come on. Okay, okay. I have it
written down on this piece of paper. That's not an influencer goal. That's just a fitness.
Well, that is where you at now. So you're at 196. So you started at 210 basically saying in the next
two months, I want to lose 11. I want to lose 11 pounds, but I'm more, you know, he's already
like, you know, somewhat in shape. So, you know, I don't know if it's, I don't know if you have
like a body fat thing or whatever. So now what will that attract? It'll attract other people who
also want to lose weight or have just done it, right? Those are the two people that are going
to reach out to Sam. Hey, me too. Or I just did it. You can do it too. Here's what I, here's what
worked for me. And so like, that's the power of doing this and of saying it out loud is convincing
yourself. And bed, don't come at the master when it comes to goal setting. Okay. I'm the self
manager. I'm the man of, I'm a manifest cowboy, baby. I get it done. I just want to know when
you're going to have 100,000 Instagram followers, Sam. That's all I want to know, bro. The manifest
cowboy is hilarious. My buddy has the best nicknames I just discovered because he showed up
for this thing. And I was like, dude, you showed up. Like, I thought you'd be late. And I thought,
like, you know, you might skip it today because you didn't have to do it. And our other friend was
there. He goes, that's why they call him Mr. Show Up. And I thought he was joking. And then
literally someone called him Mr. Show Up. I was like, is that your actual nickname, Mr. Show Up?
And he's like, yeah, he's like, that was the thing. He's like, he's like, anytime somebody
needed like whatever was a ride to the airport. Oh, you know, like you need to ride home for the
airport. I'll be there. Just give me 15 minutes. I'll show up. And like, you'd give him a throwaway
invitation to a party. You'd be like, Hey, I'm going to this thing. But, you know, you won't
know anybody there. And it's two hours away. And like, it might not be fun. He's like, cool. I'll
go. And they're like, you showed up to the party. Like, you don't know anyone here. I can't believe
you showed up. And that became his reputation. Mr. Show Up. Who is this guy? Is this guy Dom
that I work with? I love this guy. And he's like, I thought that nickname Mr. Show Up. Like,
I wish that was my nickname because I can tell you one thing. Mr. Show Up is going to win in life
because 80% of life is just show it up. And if you're Mr. Show Up, you're you're you're
acing that part of life. That's hilarious. I think it's going to be a good app.
Machine-generated transcript that may contain inaccuracies.
Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) talk about what an early adopter mindset is and how to adopt it, the ConstitutionDAO and whether it's a good idea, how Gary Vaynerchuk used NFTs to create the greatest preorder of all time, why you should use your Twitter bio to put yourself out there, and more.
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* 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.
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Show Notes:
(00:18) - Recapping the Huberman episode
(07:55) - ConstitutionDAO
(18:17) - How Gary V is using NFTs to create the greatest preorder of all time
(30:51) - The differences in how rich people lives
(46:50) - How to adopt an early adopter mindset
(59:05) - Why your Twitter bio should be about your future