My First Million: The Boys React: Facebook Stock Surges, Jack Butcher's NFT Makes Millions & Moonwalker Shoes

Hubspot Podcast Network Hubspot Podcast Network 2/10/23 - 22m - PDF Transcript

It's going to revolutionize the way that people get hit by cars.

That's what this is going to do.

It's Friday. We're reacting to the news. Welcome, fellas. Let's go through the stories.

First of all, Facebook stock is soaring. It's up 43% in the last month.

Sully is getting rich off of it. Fellas, did you call it? Did you know that Facebook was going

to rebound? Right now, Facebook, like I haven't bought ads on it recently, Sean, but I was talking

to some of my folks who worked with you on the milk row, and I was talking to some of the people

who worked at HubSpot who are the people who worked on the hustle at HubSpot. Facebook ads are

killing it. They seem like they're working really nicely. Like when I was running it, it was like,

you know, we are acquiring users for like three or four dollars. And then nowadays it's back down

to like 150 when we first started. So it's kind of easy to see, I guess. What about you?

Yeah, I bet on it. So I took $250,000 like, I don't know, three or four months ago.

And I bought Meta because I was like, why is everybody down on Meta? And I was like,

did they forget the number one rule? You don't bet against Zuck. And to anybody who's like,

oh, but the, you know, the metaverse blah, blah, blah, blah, blah, I'm like,

I just send them the video clip of Mark Zuckerberg doing MMA. And I'm like,

this is who you're trying to bet against. The guy that since age 18 has just been like dominating

everything he's tried to do. The guy who's created the biggest social network ever,

then bought all of his competitors and killed everybody else who tried to compete with him,

including Google, when they try to compete with him on social. And now he trains MMA. And before

that, he learned to hunt and speak Chinese fluently. You think this guy's just going to lose money

because Apple changed their cookie policy or whatever? Get out of here with that. No way.

And so called the broker up. I said, Griffin, buy. He said, buy what? I said, you know what to buy?

Buy Zuck. He says, how do you spell that? I said, Z-U-C-K. He said, that's not the ticker.

I said, Griffin, call Zuck and tell him I want some shares. And so we bought some shares and I

think we're double from where we bought. I don't know exactly. I think it's 80%. I'm up 80% on

that. Sean and I use the same guy, by the way. We both use Griffin. Did he say, are you sure,

Sean? Or is he goes, yes, sir. Go and do it. Well, he texted me the other day. He goes,

great call on meta. And I go, thank you for the compliment because I've lost a lot of money this

year. That's why I sent this. Yeah, let's see. Okay. Not quite double, but close. We will be

double. So we're up only 50%. So a little bit less than I thought. 50% still not bad in a couple

months. Dude, Sarah used to work at Facebook in 2012. And I was doing some math about what she

would have, yeah, 2012, she started, er, sorry, 14, she started working there. And I was doing the

math on like where she would be if she just stayed there. And we were talking about it. And

I was like, well, pro, you would have gotten fairly wealthy con. Like her job there was like,

how do I make like a sticker emoji that gets people in Brazil to share more selfies? So it's

like, you know, you want to like, you're going to want to like kill yourself. And this is whack

and lame, but like they pay for your lunch and you get your, you get our oil change. And like

that stock back then was only $47 at its peak was $372. I mean, that's pretty sick. But yeah,

man, like Facebook's killer, never bet against him. Dude, when we were going through our sale

process, Facebook was one of the potential buyers, they offered the highest deal. No, no, this was

2019, 2020, something like that. 19. Okay. So back then it was $200. Yeah. So we, so it's,

it's good that the stock is down from when we would have got acquired because it was, you know,

stock was a significant part of the deal. But we were, the difference of talent quality between,

we interviewed with, we talked to YouTube, we talked to, to Twitch, where we ended up going,

to Facebook, to Discord, to a bunch of other players. And Facebook was so much more, so much

better, so much more impressive. I was like, okay, you know, like if I was just going off of

who, what talent would we be around? It's not even close. Like the numbers are not even close,

like the math of the difference of these offers is not even close. But I was optimizing for other

things. A lot of people who I've, who I've talked with who work at Facebook, they're sharp as hell.

I remember just walking around that campus. It felt like I was at the UN. You know what I mean?

Like there's like, like, there's so many different like types of like colors and like

ethnicities. It was like, they just like cherry picked the best of all over the world. And it was

at that, what was it? Menlo Park or I forget where it was. But like walking around that campus,

I feel inspired. One of the guys who would have been reporting to me there, he was like, yeah,

as my like intro, like when you get there, you do like a demo project or you do like an intro

project. I guess if you're early on as an engineer or a product manager or something like that,

to like just get on boarded, you do like a hackathon project. And he created basically

Facebook marketplace in that and ended up running that for like working on that. But it was like,

you know, his prototype was like the one of the original Genesis things. And then another guy was

like, I was like, what'd you do before this? He's like, oh, I was at Microsoft. I was like,

okay, we went one boring thing to another great. And he's like, so yeah, I invented, you know,

Microsoft 365. Like, you know, I was like, we should go to the cloud and make this a subscription.

And nobody agreed with me. And I just kept working on it for like two years. And he's like,

I just literally had a separate machine under my desk, where I was like, I'm going to build it on

this machine. And like, I'm going to do it here. And I was like, okay, so my takeaway was like,

you guys are smart, man, if I come here, I'm going to have to work hard, you know,

because you can't just like be lazy around these people.

They're great. All right, which one, which one do we go to now?

Jack Butcher's NFT project, which is called Chex V4. It's a bunch of art around the checkmark

has recently become the top trading NFT project by volume surpassing board apes.

Wow, I didn't realize it was that big. Wow. I think that's probably like on a

this week type basis. Yeah, that's correct. Yeah, not all time in terms of like active

trading volume, either this week or in a single day. But what do you guys have to say to our boy,

Jack? Our buddy Jack's getting rich. Love it. Dude, so I'm biased. Jack's like a close family

friend, him and his wife are very I'm very close with those folks. They're awesome. And Jack is

more of an artist enough that he sent you some of these NFTs. Oof. Well, I got a t-shirt that says

internet on it that I he sent me a 30% coupon code. I got a t-shirt to Jack's punk rock, man.

Jack's more of an artist than he is a businessman. And if you go to his website,

visualize value and you read the copy for the checkmark, it is, as we like to say, beautifully

done. It's like it's it's just an NFT, but it's just so tasteful. It's classy. It's delightful.

No, he's done a good job, man. I think it's cool. I still I'm not I'm not an NFT guy,

you know, cornrows, neck tattoos, NFTs, not for me, but cool that other people have them.

And that's kind of how I feel about an NFT still. But if I were going to do an NFT, it'd be his.

Yeah, it looks like last seven days, it's done 15 million in sales volume.

No shit. And it's the fourth ranked one in the last seven days, maybe. So really impressive.

It's just a checkmark, right? I don't say it like that. No, I'm not okay.

Is Nike just a swoosh? Look, I'm not saying it that way. What is it? I didn't actually,

is it like a you get a different color and you put that as your no, I'm not disrespecting you

at all. But I'm wondering, I'm asking you because I'm not I'm not in this world.

You put that on as your profile picture, and you honestly haven't been following the project

that closely. It went from $8, which was the price that Elon was trying to charge for a blue

check on Twitter, right? So that's like the state, the political statement he's making here.

So it went from $8, which was his like opening price, I think, to

closer to $4,000 per per NFT now. So incredible, incredible surge. And he is like, I don't know,

he's not there yet. This is sort of like comparing is a little bit of a stretch of a comparison. But

he's kind of like a internet Banksy a little bit like he does push it. That's like,

it's a commentary on what's going on in the world. And he just the guy just hits.

He just like, I have I seen him do anything that I'm not like, that's that's dope.

I'm like, this guy's hits only, right? HO hits only. And he's a few people who has HO status.

Dude, he makes hits. So he started out. So Jack's our good buddy. If you don't know Jack,

follow him on Twitter. He started out, he had an ad agency, and then he worked at an ad agency,

and then he started to make his own ad agency, and it was going okay. And then he created this

course called build the one cell twice, which is hilarious. Amazing name. Yeah. Amazing name.

And it's about how to productize a service. And he starts selling that course. And he basically

was like, I remember I did a call with him and his wife one time when we first started getting

to know one another. And they were in like a 400 or 500 square foot studio apartment that they lived

in. And they weren't like killing it. And then like he had the year of his life in 2020 or 2021

kills it. Now, if you go to his website, visualize value.com. The reason why I love him is you see

like his background, you see his courses, but he also has this tab called visuals, where you can

like look at some of his artwork, but then he has a merch store. And his merch store is actually

awesome. He has these sweatshirts that say college kind of like, you know, but it says internet.

And like he just does things like that that are actually awesome. And it like when I go to his

site, I'm like, Oh, I'm like this dorky internet guy too, but he has merch. I'm inspired to be

like a lot cooler like he is. It's awesome. He's he's badass. I'm a big Jack fan. Me too. Me too.

We're we're big fans of him. All right, what's up? All right, let me take a quick ad break because

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check out Gold Digger. You can listen to it wherever you get your podcast. Hey, let's take a quick

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all the hacks on Apple Podcasts, Spotify, wherever you listen to podcasts, your wallet will thank

you later. All right. Next up, we got Moonwalkers. It's a new shoe that's like half a roller

skate. I don't know if you guys had a chance to open up and look at it yet, but it allows you to

walk and you just walk, but you go seven miles an hour, which is roughly three times as fast as

a normal person walks. It's on Kickstarter. It's raised $300,000. The shoes cost more than $1,000.

Are you guys on? You got to see the video. These are so stupid and so awesome. They're basically

just healies for dorks who work at a startup. Like, right? He leads for people with no balance.

Yeah. This is crazy. It's really dumb, but kind of awesome.

If we did an award for person most likely to have started this that I know, Sam,

I think you would have been the guy. Me? Dude, this is like the snuggie of shoes.

Tell me how you feel about boosted boards. Well, boosted boards are dope.

Right? It's the same thing, dude. It's a 25 mile an hour skateboard.

One for each foot, dude. Oh my God. This is like driving a Kia, man.

You're never going to late again if you ever caught one of these.

Hey, I like Kia's. Bro, you have a BMW for a reason.

I saw this on TikTok and it had millions of likes. I think it had like two or three million likes

on this video and I was like, I could see why. It is going to be controversial. It is like

visually stunning. You can't tell if it's a joke or if it's serious. This literally looks, the TikTok

and the ad for it literally looks like something from Silicon Valley, the HBO show. The guy,

the founder, he's like, this guy's Shunji and he's like this Asian guy who's talking about like,

as humans, we've always been stuck at two miles an hour and finally we've broken the barrier.

We go seven now. He's sitting in front of these three screens, these huge MacBook screens of my

iMac screens like, dude, what are you programming? Like it's a shoe. It's roller skates. It's kind

of like roller skates. It's going to revolutionize the way that people get hit by cars.

That's what this is going to do. It just, we're changing the world. You go, if you look at the

Kickstarter backers, the Kickstarter backers are only personal injury lawyers who are like,

oh yeah, no brainer. This is expensive. Write this one off. Dude, this is just Segway 2.0.

It's really stupid, but also kind of cool. I just, I mean, this is like guys who wear like

their cell phones outside of their pocket or who wear a jawbone 24 seven. This is that niche,

not for me. I'll give it to Andrew Tate. I'm out. Yeah, I'm out.

Let's do one more. What's that? You want to do the tooth fairy thing?

Yeah. Okay. I got a new story for you. My sister has three daughters, two of which are losing

their baby teeth. And I was talking to my niece the other day and she tells me she lost a tooth.

I said, wow, fantastic. You're going to give it to the, you put it under your pillow for the

tooth fairy. No, I threw it away. You threw it away. You threw it to the garbage can. Yeah,

I threw it away. Why? Well, my last tooth was under there for two months and the tooth fairy never

came. So, um, so I don't, I don't want to, I don't want to even try anymore. That's the first,

first story I hear. And I'm looking at my sister. She's like, make an eye contact. Like,

I'll tell you later. I'm sorry. I know, I know. I aft up. Then the younger daughter loses her

tooth yesterday, puts it under her pillow with a note. Here's what the note says. It's, I'll,

I'll send you a picture of it. But basically it says something to the effect of your tooth fairy.

You didn't come last night, but that's okay. I'm leaving it here again. And it's something like,

you don't have to leave any money. Just draw a picture of yourself. I want to see what you look

like. And then that's the note and she didn't do anything again. So the news, the question, fellas,

does my sister need to just check herself into jail for bad mom of the year? What the hell?

What's your deal? What's, what? Just give like a few dollars or like, you know, like some dormitos

or something. Just put a little something on the side. She forgot. How do you forget that?

Unbelievable. She texted me. She said that herself. She goes, should I just send myself to jail?

Because I'm such a bad mom. So that's my new story of the week. That, that's what I pay attention

to. What's a tooth go for nowadays? $5? I don't know, dude. Back in my day, that was, you know,

like five or like, if your parents get cheeky, they're like, here's a $2 bill. It's less than

the going rate, but it's rare to $2 bill. You know, like, I got a $5 once and that was like a huge

deal. I don't know what's a tooth go for. I feel like people do more than that. Ben, what were you,

did you get tooth money when you were growing up? I got a quarter. I don't feel like I grew a poor,

but now I feel like I grew a poor. Yeah, I would get like a quarter or a dollar, but then one

time I got a tooth knocked out and I got five bucks for it. That's some guilt money right there.

It was guilt money. Yeah, blood money. I fell and got it knocked out. So I got five bucks for that

one, but I don't know what a tooth would go for now. Ben, do this, do this other one you have,

the Snowden one. I don't know if you've seen this one. Yeah. So Edward Snowden goes live on a

conference and the conference is, um, I don't know, it just screams like fake zoom conference,

right? The, the, let's see what it's called. It's called a private investor conference or

something like that. The most generic name of all time. Yes. And so this guy is interviewing

Edward Snowden for his private investor conference. He shows up and immediately pulls up an article

that says, man busted for $4.4 million Ponzi scheme. And he says, is this you? And the host,

the interviewer says, yeah, that's me. He goes, all right, well, I think it's important to tell

people this kind of stuff by and hangs up on him. He got paid to come do a keynote. He starts his,

like, you know, keynote Q&A or whatever and just screen shares instead. The news article that

this guy who's hosting this event is a former, like, you know, Ponzi skiver that was like,

you know, I got in trouble for that. And the chat is just like, wow, wow, boom. Wow. Oh my god.

Wow. It's the best. Like, you know, I don't want to go to many webinars, but I wish I was at this

one and shout out to Edward Snowden, you know, whistleblowers going to blow. And, uh, dude,

I'm watching this. Have you ever seen the subreddit? It's on the subreddit called watch people die.

Yeah, I've seen that one. Yeah. This is going to be at the top. Sorry. I screwed that up. Watch

people die inside. Yeah. Yeah. Inside. Whoops. Yeah. The inside's the big thing. Next to,

there's a subreddit called absolute units. Have you seen that one? I love that one.

Just like a buff dog or like a pimple. That's huge. It's called like a cucumber. That's like,

just too strong to be cut. Yeah. I love absolute units, but I subscribe to absolute units and I

subscribe to watch people die and watch people die inside. This is one of them. This video is on

there. You see the way you watch the guy's reaction. So the guy goes, yes, that's me.

And then Snowden's like, well, I think people should know, you know, who they're

getting into business with or whatever. So I don't feel good about this. I'm not doing this.

So he leaves and then the guy doesn't know what to do and he just shrinks and he just goes,

okay, I'm going to, we're going to take a break and yeah, I'm going to come back and he just

doesn't know what to say. And it's like, man, if there was ever a time to be like, hey, I know

that looked bad, but I'm happy to explain and explain what happened and clarify for everybody.

I can do that right here right now. No problem. But instead, he shrinks.

There's people in the chat saying like, hey, Edward, our flying saucer is real.

And people on Reddit are like, yeah, no wonder why these people fall for this.

The private investor club. Yeah. Oh my gosh. This is crazy.

Yeah, this is a good video. I'm going to have to watch this. Dude, I've been following some of

these like Ponzi scheme guys on like they do all these like, for example, there was one,

what's that? There's a Twitch guy with dreadlocks and he's like loud and cocky. I forget his name.

Very punchable guy, but he was like a crypto company like paid him to do like an ad and

they're in the background talking about and he forgets that he's recording and he's like,

dude, I can't believe people are going to buy this crap or something like that. You know what I'm

talking about? What's that guy's name? I'm very hateful guy. I don't know. I don't know who that

guy is, but I've seen the clip and yeah, like the owner or the promoter of the thing was behind

them and they're talking. I don't know exactly what he said. I don't think he said that. He said

something else, but it was something. Something like, I don't want to put the hot crap up.

Yeah. The hot my picked it up and people were like, wow, dude, disgusting. The amount of like the

Twitch and I think I said Twilio, I meant Twitch, the Twitch and like YouTube audience that buys

this crap. It is crazy, man. It is absolutely crazy to me. Can't believe people do that. But

yeah, this was a good one. How did this guy afford Edward Snowden?

Dude, you know how Ponzi schemeers work. They know how to build, you know, they got to build

this shell game, this appearance of legitimacy. That's crazy to me. It's the private investment

club. It's the largest real estate club in Canada. That's like his shtick. That's crazy to me. Anyway,

yeah, that's a good video. I'm going to have to watch that. All right. That's it. We're out of

here was react. I feel like I can rule the world. I know I could be what I want to put my all in it

like the days off on the road. Let's travel. Never looking back.

Machine-generated transcript that may contain inaccuracies.

Episode 418: In a new segment called The Boys React to the News, Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) give their two cents on a few relevant business stories. Check it out...
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Links:
* Jack Butcher NFT
* Visualize Value
* Moonwalker shoes
* Edward Snowden exposes host / Reddit
* 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:
(00:25) - Facebook rebound
(06:05) - Jack Butcher NFT
(11:10) - Moonwalker Shoes
(13:55) - Tooth Fairy
(16:10) - Edward Snowden shuts down conference host
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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
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