My First Million: Unbundling Disney, Why CNN is Just Like the WWE, YouTube Creator Camps, and More

Hubspot Podcast Network Hubspot Podcast Network 11/24/21 - 1h 27m - PDF Transcript

All right.

Quick break to tell you about another podcast that we're interested in right now, HubSpot

just launched a Shark Tank rewatch podcast called Another Bite.

Every week, the hosts relive the latest and greatest pitches from Shark Tank, from Squatty

Potty to the Mench on a Bench to Ring Doorbell, and they break down why these pitches were

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 to, like Apple or Spotify or whatever you're using right now.

All right.

Back to the show.

Hey, welcome to My First Million.

This is Ben Wilson, producer of the show here with a super quick announcement.

You might have heard that we recently ran a contest where if you left a review for MFM,

you were automatically entered to win $1,000.

Well, we picked six random winners, and at the end of this episode, we're going to read

off their names.

So, if you left us a review, hang around and listen to the very end to see if you are one

of the lucky few who won $1,000.

All right.

That's it.

Enjoy the show.

The only thing I think people love as nearly as much as their kid is their dog.

And so, I'm surprised that there's not a place like Disneyland for dogs.

That is basically the happiest place on earth for dogs.

We're live?

Yeah.

We're good.

Dude, Nick's thing is kind of weird.

Let's see if it works.

Yeah.

What's your prediction?

Let's do it.

Let's predict it now.

Do you think this goes anywhere?

Do you think it becomes worth something or no?

So the background here is our friend is this guy named Nick Huber, who goes viral all the

time for writing about like storage units.

He's a self-storage guy on Twitter.

His handle is sweaty startup.

I'm an investor in his, so I'll disclose that.

I don't know what that means here, but we'll say it.

He created, he made this thread like as a joke or he made a joke about tomatoes.

I don't even remember the joke, how he could grow tomatoes and sell them or something and

people like made fun of them and it went crazy viral.

And then he created a tomato NFT project called BroMatoes.

As a joke, but kind of not a joke.

Do I think it's gonna go anywhere?

Kind of like well executed where you're like, this isn't a joke.

The art is amazing.

The art is great.

It's great in the sense that it's like well executed bad art.

Like it's a tomato that's a bro, that's a guy.

So do I think it's gonna go anywhere?

Of course not.

No, I don't think so.

Do you?

There's a chance.

Like, I don't know if you saw that he posted a tweet from this account that's called, I

think Cosmo DeVici or something like that.

Did you see that tweet that he posted where somebody hit, he's like, oh, this just got

interesting and that is one of the most popular NFT curator accounts.

They own like tons of punks and board apes and whatever and it's supposed to be Snoop

Dogg.

Snoop Dogg is the one who, I don't think it's him who writes the tweets because it's like

a totally different writing style, but he says it's Snoop Dogg.

Snoop Dogg says it's him and they funded it obviously with like millions of dollars

worth of NFT purchases.

And so I thought that was kind of interesting that he's got some, you know, some heavy

hitters in this NFT world and he collected your space together.

How did he do it?

So like, he told me that I think there's like either one or two or three, like there's

like 4,000.

I don't remember.

Some like single digit low thousand.

Usually it's 10,000 or 8,000, but it doesn't matter.

But let's just say 10,000 because that's what most of the projects are.

How do you literally make an image because like his images are all different?

Is it like some code where you're like, you have like 18 different features and it's

and it swaps them?

Yeah, exactly.

So you have all these traits like hair, eyes, nose, mouth, body, shirt, pants, whatever.

And then each one might have 10 variations, 12 variations, 25 variations.

So there might be 25 hairstyles.

And then you go through and you say, you have an artist make 25 hairstyles and it's just

the hair part.

And then they say, you say the rarity.

You say, okay, this is the most rare hairstyle, the golden Mohawk.

I only want that to appear 1% of the time.

So you put that in all into a program and it spits out a collection of 10,000 variations,

10,000 combinations of these things.

And with the rarity, so that some of them have the super rare attributes and then some

of them have very common attributes.

That's how all these work.

What program do you use for this?

I don't know what people use.

I think it's maybe just one smart contract or maybe there's a special app for this.

I'm not sure what people use.

Damn, I mean, that's crazy.

That's crazy to me.

It's gotten so easy that Nick can take his tomato meme and get it done.

Now, he hired a good artist because the art he has is actually really good.

It's 3D art.

It's really nice.

But you see a different 10,000 art collection drop every four hours or something in the

crypto world.

Got it.

Okay.

So I bought one yesterday.

So if you go to OpenSea.io, I saw this.

And it's really, it's funny, like these are such a, it's such degenerate gambling.

But I saw this thing go, if you see it on Twitter early, you should basically go mint

the thing or buy the thing.

So I saw this thing called chain runners.

It took off right away.

I saw people, I saw interesting people on Twitter talking about it.

I think the first guy who really, I think I, the guy who kind of think kicked out, kicked

it off in the tech industry was a founder of Figma, who is guys Zoink.

And so the founder of Figma, which is like a multi-billion dollar design company, he

is a big NFT collector.

He owned one of the most rare crypto punks.

So he changed his profile picture to this or, or like, you know, posted about it and

immediately like I start, I started seeing every VC doing it.

So I bought in and you know, I may double my money in a day and you know, you can get

in and out of these things very quickly.

There's another, I'll tell you about another one of these.

This is kind of in the weeds.

I almost regret doing this early on in the show, but let's do it.

There's this thing called wolf game.

So go to wolf.game.

And I think this is kind of a sign of something that's to come.

It's a little confusing when you, when you first go to it, I only understand, let's say

30% of it right now, but I, the part I understood made me think, oh shit, this is something new.

So what is this?

So crypto is now going into gaming.

And what does that mean?

Like in the old way of gaming, you would put like, let's say a game like world of warcraft.

People who played world of warcraft would spend thousands of hours grinding that game,

playing that game, leveling up their characters, earning new stuff.

And they would get zero economic value for it.

So you would, you would put, you know, thousands of hours in and you would get $0 in return.

But hey, you got the shiny helmet and your character now says level 60.

Congratulations.

And it was, that was still good enough.

People did that.

People around the world do that.

Then games like fortnight come out, fortnight says, Hey, you can play this game.

It's about shooting each other, but you can have your character have all these special

items, special costumes.

They do nothing for you in the game.

They're all, it doesn't make your character any better.

But if you buy our in game currency called V bucks, you can buy these special like capes

and swords and helmets for your character.

All right, great.

People spent billions of dollars on V bucks and, and bought tons of stuff in the game.

And if they decide like many, many people who were 12 years old playing fortnight and

dropped, you know, $180 in the game, buying stuff.

Now if they're tired of fortnight and they want to go play a new game, that, that money

is lost.

You cannot take your items to another game.

So why is crypto gaming going to be big?

It's going to be big because when you buy an item in a game, you're going to own that

item and then other games will allow you to bring that item in.

So it'll make, it'll make it way more valuable to buy things in games because you're going

to be able to use them.

You're going to be able to resell them later.

If you get tired of the game and somebody you want to sell it, that doesn't exist today

in most games.

And secondly, you'll be able to take it with you to other games.

All right.

So now let me tell you what this wolf game thing is.

What Wolf game is, is it's almost like a gambling system.

So you imagine if you go to the website, it's like a little pixelated art, like eight bit

art.

It looks neat.

Like it looks like kind of punk rock a little like all this, this whole, this whole genre

of people online, it totally is like the freakers.

What was it called?

You know what I'm talking about?

Like the, like the steampunk type of vibe.

Yeah.

Yeah.

That's definitely like this big overlap of like steampunk and crypto.

So here's how the game works in a very, again, I don't even understand the full game, but

here's how it worked when I went to it.

You could buy a sheep.

So let's say you buy a sheep.

If you, if you stake the sheep in the, in the barn, you make me, you put your sheep in

the barn every day, you're going to get every sheep produces 10,000 wool and, um, and so

your sheep is kind of like working for you.

It's like farming wool for you.

Okay.

And wool, wool has some value.

Well, wool is like, uh, it's the in-game currency.

It's like V bucks.

So, so you buy a sheep, the sheep produces wool for you.

Okay.

That's interesting.

You could also buy a wolf.

If you buy a wolf or you own a wolf, um, here's how a wolf works and this, this is the story

of the game.

The game is if you put your sheep in the farm, they're safe because the farmers have made

a truce with the wolves to say, do not attack, uh, the sheep in the, in the farm and in exchange

for the safety, it's like a mafia, in exchange for the safety, you get 20% of the wool as

a wolf as a, as a bribe, as a pale crazy.

If somebody ever takes their sheep out of the farm, they can keep 100% of the wool for

themselves, but there's a random chance that the wolf will come eat your sheep and take

all of the wool and maybe take your sheep or something like that.

And so the wolf would then get a hundred percent, there's a small chance that you might lose

your freaking sheep.

And so you could play it safe and pay the tax or you can risk it for a bigger reward

and you can lose your sheep.

And so the whole game is basically about owning these sheep, owning these wolves and the, the

like random chance, the random probabilities of certain things happening and the whole

time you're accumulating wool, which has some, has some value in the game, right?

It's the, it's the in-game currency and I thought this is very interesting.

It's kind of a stupid, silly game, but it's interesting because it's a game that didn't

just like add crypto at the end.

It kind of started with this, like the game is designed around buy this character, the

character earns you money, buy this other character, that character steals money or

collects attacks and it's basically a game that's made to make you money.

And I don't know if you know what's going on with Axie Infinity, but this is like a

kind of phenomenon.

Yeah.

I mean, the, the, the, the infinity thing is like the biggest money maker in the world

right now it seems.

Yeah.

They've made like, I don't know, over $2 billion.

The game has made over $2 billion in like a year and it's this new model called Play

to Earn and Play to Earn basically just means normally when you play the game, you played

just for, you know, shits and giggles, but now if you play and you do well in the game,

you actually are earning the in-game currency, which is like could be cashed out at any time.

And so there are people, we have a friend that has a team of people in the Philippines

just playing the game full time.

He pays them a salary and they play the game for him and they, it's like an investment

property.

They make back 25% yield on top of the salaries that he pays them.

He pays them to play this game all day.

I think I can, I can imagine who it is because, you know, people will obviously see this as

like kind of fucked up, I think a lot of people will have a bad reaction to that.

So I don't want to say their name because I didn't ask them in advance.

All right.

That's amazing.

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All right.

So when I started the hustle, I used to look at how many people had cold emailed in order

to buy ads in our email.

I would look at how many people I got on 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.

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 customer 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.

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All right.

So right now I'm looking at a sheet and you've got one, two, three, four, five, six, seven,

eight, nine, 10 things here.

Honestly, they all seem pretty good.

Do you just want to like start banging through some stuff?

Yeah, let's do it.

Your boy went to Disneyland last week, had a ton of time.

I had to skip one episode of the pod, but that made me get exposed to a bunch of new

ideas.

And then I got sick, so I haven't been able to work.

I've just been sitting there, you know, doped up on Benadryl.

So I got all kinds of crazy ideas that I want to bounce off you.

The first one is about Disneyland.

Okay.

So I got this text from Sean saying I'm at Disneyland or no, maybe it was a tweet.

It was a tweet.

It was all a tweet.

You go, I'm at Disneyland and all I want to do is land on DILF of Disneyland's dad.

I want to dad.

I want to F of Disneyland.

Yeah.

Have you ever seen this Instagram account?

DILFs of Disneyland?

No, but they're pretty much following is basically just like hot dads that they take pictures

of that are like happened to be at Disneyland that day.

And they're always like doing something that's hot to the mom.

Like, oh, he's, you know, wiping the daughter's mouth because, you know, he didn't just leave

it dirty.

He's picking, he's changing a diaper or whatever.

It's like, that's what's hot.

That's awesome.

So that was my goal.

I did not make it on a DILF of Disneyland.

Pretty upset about it.

Yeah.

But, you know, I will recover.

Okay.

So Disneyland is kind of amazing.

And when I was there, I was pretty blown away and my wife was blown away.

So my wife doesn't really care about business.

You know, she's interested in it, but she's not like a nut about it like you or me.

Even she like basically grabbed my arm halfway through the thing was like, this is amazing.

She was like, I'm kind of blown away by this guy's entrepreneurship to create this place

because Disneyland is kind of a one of a kind type of idea.

And it's meant to be, you know, the happiest place on earth and it really is for a lot

of people when you're there, you can really see how happy people are in doing research

for this.

I went and watched this documentary about the starting of Disneyland and in the comments

or at the end of the video, he goes, that's what that's the backstory of Disneyland, but

it means something different to everybody in the comments, say what it means to you.

And the YouTube comments are like eulogies.

It's like essays about what Disneyland means to these people.

It has like a huge emotional register.

All right.

So let me break you, make out some of the numbers.

So let's start with the numbers and then the backstory.

Some of the numbers.

So Disneyland does about $3.8 billion a year of revenue.

Every day about 50,000 people come to the park.

So, you know, just roughly speaking, they make about just over $200 per guest per guest

per year.

And that's that's not counting the hotels, the flights and a bunch of the auxiliary stuff.

So I take it into the park is like 120 bucks.

And then you spend like another hundred bucks on food and merch while you're there.

Man, I feel like it was $100 when I was a kid.

Yeah.

Actually, it started off.

So I went back.

I was like, what was the initial price of this?

Because Disneyland prices have been inflating actually like crazy.

There's a chart showing inflation of Disneyland and it's like just up and to the right.

Disneyland started at $3.25 to get in back when it when it launched in 1955.

So you know, the minimum wage back then was 75 cents.

And I think the average person's income was like four grand or something like that.

So you know, everything has gone up.

But now, you know, they basically have a off peak peak time.

So if you go to peak time, it's going to be 200 something bucks.

Normal is like 150 bucks and low is like a hundred dollars, something like that.

So so what happened?

So Walt Disney basically, his story is kind of amazing.

So he grows up and he he's actually from your home town.

I don't know if you know this probably do, but he's from Missouri.

And I didn't know that apparently there's a place in Missouri called Electric Park.

Have you ever heard of this?

No, because this is the inspiration for Disneyland when he's eight years old.

He goes to this place called Electric Park and Electric Park was kind of known for two

things.

One, it was it was an amusement park.

And the second is it was really clean.

And that's like one of the biggest things about Disneyland is Disneyland is really clean.

So imagine having 50,000 guests over to your house, but somehow everything stays really,

really clean.

And that was like he's fanatical about this.

When he designed the park, Electric Park in Kansas City, yeah, I see it.

When he when he designed the park, he made it so that I think every 30 feet, there's

a trash can because he watched guests at amusement parks.

And he would see that if you if the trash can was further than 30 feet away or whatever,

they would just be like, ah, fuck it.

They would just leave it on the ground or throw it on the ground or whatever, just dispose

of it in a bad way.

But if there was a can within 30 feet, they would like make the effort to go toss it.

And so he made it so that at any point, and I tested this out when I was there, I was

I would often like check, OK, am I 30 feet within a trash can and sure enough, like it's

actually like legit, there's always a trash can near you and this place is super clean.

So he goes to Electric Park and he wants to be a cartoonist.

He ends up working out at ad agency and then he creates his first business.

It's called Laffograms.

And he's basically doing these like kind of like animated cards.

But you know, a bad business deal leads starts working, but then he cuts a bad business deal

where he's owed a bunch of money by one client and then they don't pay him and the business

goes under.

So he says, OK, let's go to Hollywood and and he tells his brother, let's go to Hollywood

and let's create another business.

And so they go and they create Disney Brothers cartoon studio.

And this is where they create Mickey Mouse.

This is where they create Snow White.

That's the first big hit.

So the company goes from like in debt or making no money to making millions of dollars off

of Snow White.

That was like the big win.

And so he's like, OK, this is kind of working and the business is doing all right.

It's not going gangbusters, but it's a float.

And he's working on his next story.

He's working on Pinocchio.

He's working on a couple other stories.

And he's always had this crazy idea about amusement parks ever since Electric Park.

And he takes his daughter to the local merry-go-round and he's like, ah, this is like so boring.

Like why is it there's something more grand than just this merry-go-round?

Like my daughter loves this, but like this is so boring for the parents.

And this is just one ride.

Like what if I made a place that was, you know, what if I made a place that was fun

for both the parents and the kids to go to, which is like a similar theme with all Pixar

movies and Disney Disney movies, which is like the movie is enjoyable, Toy Story is

enjoyable to an adult and a kid.

It has like two layers to it.

Both can enjoy a different piece of it.

And so he's like, and so what how did they actually come about this kind of actually

like figure out the idea?

So they started by doing research.

They went to every theme park they could find.

They went to the World's Fair.

They went to a whole bunch of places getting inspiration and ideas and mesh and thinking

about what is bad about this experience, what can be made better?

So things being dirty, blah, blah, blah.

And he's like, okay.

He starts thinking about the design of the place and Electric Park had this train that

went around the whole park.

And so if you go to Disneyland, that's still the thing.

There's right when you enter, there's a train and the train will take you around the whole

circumference of the park.

And he's like, all right, I'm going to build, and he used to tell people one of these days,

I'm going to build an amusement park and it is going to be clean.

And he takes two guys off of Pinocchio and he says, hey, listen, I want you guys to start

working on like Secret Project X.

And he's like, you know, it's a shame that when people come to Hollywood, there's nothing

to see here.

Like people all around the world have heard of Hollywood.

They come here.

There's the sign where it says Hollywood in the letters on the hill, but there's nowhere

to see Hollywood.

Hollywood.

I'm so out of it.

Is Disneyland in LA?

Yeah.

It's in like Anaheim.

Anaheim.

Okay.

For some reason, I thought it was in Florida.

That's Disney World.

Got it.

You're like not in Disney.

You're not in the Disney World at all.

Okay.

So he.

I mean, I know a little bit, but come on.

Disney World, the Disneyland.

That's an easy confuse.

No, no, no.

That's that's fair.

That's fair.

So he, Disneyland came first.

So he basically is like, guys, if anybody came to even see our animation studio, they

just see a bunch of dudes hunched over over drawings.

It's not very impressive.

Let's build something amazing in Hollywood and the guys get super excited.

They start doing research, but then reality hits.

They have to.

They're working on Pinocchio.

They had to ship it.

They're working on Fantasia.

They got to ship it.

Then World War Two happens.

So all of all of World War Two happens.

And then he comes back because he hires this guy Kimball to work in his studio and Kimball's

like this junior kind of animator guy.

And Kimball invites all the coworkers over to his house for like a barbecue or a birthday

party or something like that.

And in the back in the backyard of his house, he's like, oh, by the way, you guys don't

know this, but my hobby is I build these little trains, almost like the steamboat style train.

But like it's like a life size thing.

It was very small.

It's like, you know, one, one, like whatever, one link of a train basically.

Have you?

Have you?

This guy's name is Ward Kimball.

If you Google him, he looks like a cartoon and you could see his train too.

So what goes to this thing?

He's blown away.

The he's seeing the train up close and he's like, dude, Ward built this thing.

Okay.

We're the whole Mickey.

He says he comes back to the office.

He sends a memo.

He says Mickey Mouse Park is back on and he tells the shareholders, shareholders say,

don't do it.

Movie studio is already on on edge.

This sounds like a big distraction.

It's against the charter of the company.

We don't want you doing this.

He says, okay, no problem.

I understand.

I'll create a new company.

So he just creates another company to create the park.

He's like, I'm still going to do this, but if you don't want to, and I'll do this myself.

And he calls it like a red law or whatever.

Something like that, which is like, you know, Walter backwards is kind of the way he names

it.

He starts working on it.

And so he's like, all right, how do I fund this thing?

He thinks it's going to take $5 million to build Disneyland.

And in actuality, it ends up taking $17 million to do it.

And so he's like, all right, how do I fund this?

He takes his life insurance policy and he takes a big loan against that.

That gets him like, you know, a hundred grand or so to go do this.

Then he sells a house that he had in Palm Springs.

So that's like the next seed money.

He goes through that pretty quickly.

Then he goes, all right, I need some bigger money.

How do I get millions of dollars for this?

Okay.

He goes to ABC, the TV network, and he says, hey, ABC, you're struggling right now.

You don't have much TV programming.

I will create this, this program called like whatever, like the wonderful world of Disney

or something like that.

I'll create a TV show for you that'll air every Sunday.

If you invest in my park idea.

So Disney basically puts down half a million dollars plus another about six and a half

of loans and bonds and they own 34% of Disneyland.

And so that's how he got the next seven million bucks.

And then he did the same thing with two other companies and they sold some sponsorships

and he like accumulates together the $17 million.

He hustled his way.

He hustled his way to doing it.

The other thing that he did was he was like, all right, you know, this, this thing works

because he's like, I gotta, I gotta have like the rides work automatically.

And so he created this thing where if you go to Disney now, you sit in a ride and you

go and it's sort of like a, it's like a stage play that plays out, but it's all synchronized

when you're little like roller coaster cart enters this room, the lights go on, the character

makes a sound and then when you leave the room, it all folds back into its thing.

And that's called animatronics.

And so basically audio animatronics was like the thing he wanted to do, which was like,

he wanted live animals, but it's too much work.

So instead of live animals, he created these robotic animals and he said, I'm going to

synchronize the movements to music on a loop.

And there's this one guy who was just working on only this and he was kind of in front of

a green screen trying to make this like puppet do this thing synchronized to music.

And eventually they finally figured it out and that was like the big breakthrough.

So okay, let me fast forward a little bit.

They opened the park.

They build the whole thing in less than one year.

They opened the park and he only invited like 1500 people to it or something like that,

like invite only launch, but somebody counterfeited the tickets.

And so double the number of people showed up with counterfeit tickets on day one because

double the number of people showed up, everything breaks.

The plumbing breaks because there's too many people using water in the park more than the

load was able to handle.

So they come to him there, Walt, we got a problem, the plumbing is broken.

You have to make a choice.

Toilets are water fountains.

He's like, toilets for sure.

And so there's no drinking water that day.

The asphalt was still so freshly poured that like women's high heels was getting stuck

in the cement because it was like caving in.

It was basically a giant disaster and he does some PR.

He basically says, look, we had to work out the kinks, give me a month and basically give

me some time and this thing will be smooth.

And sure enough, within a month, the baby is humming and in seven weeks, he does a million

visitors.

So it was kind of an immediate hit once he did it because it was such a great idea.

How famous was Disney right off the bat or at this air, at this point, how famous were

they?

They were never a big deal.

They weren't like a semi famous.

They hadn't had like, I mean, nowhere near what they are now, but like they were semi

famous.

Really the ABC show, which he was doing while he was building the park was almost like the

hype video for the for the park launch was just grinded in the whole time.

Yeah.

Crazy amount of work.

And so he creates this thing and, you know, it's basically the sixth or seventh most visited

tourist destination in the world now.

And you know, it's kind of crazy place, I think, which is kind of shocking.

I think Disney or the theme park division prior to covid was the most profitable part

of the company.

Except, well, not profitable because they had a lot of expenses, but in terms of gross

profit, yes, because they had a lot of revenue and a lot of expenses.

But now Disney plus is like the bigger thing because Disney plus is like pure profit business

business.

It basically took all that IP that people love and created a streaming service that's

before that before covid before plus like Disneyland.

It wasn't it wasn't a project.

It was like a major value creation.

A lot of value was created there.

I wanted to know, is this a is this a loss leader or is this a cash cow?

And it's it's a more like a cash cow.

It's hard to tell because every company is like accounting makes everything look like

it's like losing money.

You know what I mean?

Like accounting can make something look amazing or terrible regardless of it.

But you know, the parks division parks and resorts was doing, you know, billions of

like, I don't know, like $30 billion a year or something crazy like that.

So it was, you know, obviously became a smash success when he wanted to do Disney World

in Florida.

He creates five stealth companies because he's like, Disneyland was a hit.

He's like, I'm looking for the second location.

If anybody finds out where I'm looking, the price will go up.

So he creates five shell companies.

He starts buying up land in Florida.

Sure enough, it leaks out the day after it leaks, the price per, I think acre went from

like $180 an acre to $18,000 an acre.

Basically, he couldn't buy anymore once the news leaked.

And you know, he had this like kind of like inspiring vision.

So he's like, Disneyland, I want this to be the happiest place on earth.

And he's like, I want people to have no problem.

No problems with their hair.

I want this to be an escape from your problems, you know, you know, in real life and Disney

World.

He's like, he created this thing called Epcot, which I don't know if you've ever heard of

Epcot, but Epcot is basically it stands for government agency.

No, it does sound like it though.

Epcot is like right next to Disney World.

It's this huge dome looking thing.

And it stands for it's an experimental, what is it?

It's experimental prototype community of the future, something like that of tomorrow.

That's what it stands for.

And so what he did was Epcot is basically like, it takes the cutting edge of what the

future looks like, and it creates like a mini simulation of the future.

So you can go and see the latest, what the, what the future is going to look like in terms

of technology.

Did you go?

I've been once when I was a kid.

Yeah.

And it's kind of amazing.

And he's like, you know, but all of these projects, I'll read you some of the quotes

that I thought was pretty great for him as like an entrepreneur.

He goes, I want this to be the happiest place on earth.

I want parents and kids to have fun together.

He goes, when it came to Epcot, he's saying, where is it?

He goes, I want this to be a living blueprint of tomorrow.

I want this to be an always evolving thing.

Epcot is never going to finish because tomorrow will always be different than today.

Disneyland itself will never be completed.

It will go, it will go on as long as there is imagination left in the world.

And so since then, you know, they built the park for 17 million, but obviously they pour

in like hundreds of millions of dollars every year to upgrading the parks, changing the

rides and the themes and all that stuff in order to, to kind of keep it continuously evolving.

So it's kind of amazing.

I originally, I, I brought up six flags to you a while ago.

Do you remember when I brought that up?

Yeah.

So the guy who invented, I don't know if he invented, but he, he inspired me and he kind

of invented the genre a little bit of email newsletters.

It's a guy named Bob Pittman.

And he had this accelerator called the pilot group.

And basically he funded a bunch of entrepreneurs and he taught them like, he's like, here's

what I think you should do.

And like five or six relatively big name companies came out of it, like PureWow, DailyCandy,

Thrillist, which is on a multi-billion dollar media company called group nine and like two

or three others that you, someone here would recognize.

I forget what they're called.

And he did this newsletter thing and he like made it huge.

Prior to that, he was the CEO of six flags.

Oh really?

Yeah.

Which is kind of interesting.

And before that he invented or he was like on the founding team for MTV.

He helped, he was the first CEO and president of MTV.

And his big thing was being prior to starting the newsletter businesses.

He was the CEO of Century 21 Real Estate, which is a multi-billion dollar thing, ClearChannel

Outdoor.

He was the CEO for a minute of AOL and then he was the CEO of Six Flags and it was a killer

company when he ran it.

And I think pre-pandemic they, they raised, they had too much debt, but it was making

good money.

So these companies I think are pretty badass actually and they're going to roar back right

now.

If you started working on this two years ago, you'd be in an awesome position.

Right.

And so I wanted to talk about some of the like kind of spin-off ideas and that's, you know,

that's the backstory of Disney.

But when I'm there, I'm thinking, how could this be better?

And so I have one tip for Disneyland itself, which is obviously the absolute worst part,

the only part that takes away your happiness at Disneyland is waiting in lines.

So the average ride, you know, you're waiting 30 minutes to 45 minutes just to ride this

ride for 90 seconds.

And especially if you're waiting with like a little kid, little kids don't understand

that you're waiting.

They're like, I want to go now.

I want my turn.

Like my daughter just, it's my turn now.

It's Blessie's turn now.

Let's go.

And I was like, well, they do kind of nothing to make the line experience better.

Well, don't they have a fast pass that everyone buys?

They used to and they got rid of it because a bunch of reasons.

I think a, everybody was buying it, so it became less useful that B, they got a bunch

of shit for it.

Like, oh, you know, it's elitist.

It's elitist.

Exactly.

So they had to kind of back off that.

So they do have this thing called the VIP tour that you could pay for that basically

takes you to the front of the line of everything.

But you have to pay.

It's what is it?

It's basically you pay six to 10 grand a day for a group of up to 10 people.

And so if you're willing to drop, you know, $1,000 per person, you can probably just feel

like a huge douche, though, like doing that.

Totally.

Totally.

Yeah.

Cause you're just looking at a bunch of sweaty crying babies.

Yeah.

Like get out of the way plebes.

Yeah, exactly.

And so, but I got it, you know, it probably does feel good.

So I think the thing that they, that Disneyland needs, the psychology, so there's psychology

that's associated with this.

There was this Ted talk that got popular back in the day.

I don't really remember it exactly.

I'm kind of going to butcher it, but this guy was like, there was this problem which was

like with a subway station or train station and everybody was so annoyed with like, I

guess, like how long the train took to get from one place to another.

They people hated riding the train, so they, they commissioned this like bounty.

They said request for proposals.

You know, guests are not happy because the trains are running too slowly and most people,

the common way to solve this was engineers are like, we have to do all these, we have

to do this massive engineering overhaul to make the train go 20% faster, 30% faster.

It's just we're going to require billions of dollars and the trains have to be shut

down for two years while we rebuild the train with this new infrastructure that's going

to be faster.

And then one guy was like a psychologist and he was like, why don't we just make the

ride more pleasant so that you don't feel the, the slowness of time.

He's like, you don't have any food carts on the train.

Like there should be a food trolley that's walking through the train for pretty cheap

like stacks.

And he's like, the person will see the train, the trolley, then they'll, the focus will

go away from just waiting for the train to arrive to, at their destination to like waiting

for the trolley to get to them and then they'll buy a snack and they'll be eating the snack.

And like that was like a $2 solution that would, that actually like improve the rider

experience by like, you know, whatever, some amazing about percent.

I think it's Rory Sutherland who created this Roy Sutherland.

If I remember correctly.

Yeah, that's right.

All right.

I knew I recognize this guy.

So he's a marketing agency guy and he was the boss of Ogilvy, one of the big advertising

firms and their whole shtick is just like perception and I think the, the, the talk

is all on perception and this exists everywhere.

So like Instagram, I remember when they first came out, one of the things that was a magical

experience about Instagram was aside from the photo filters was that when you would take

a photo and you'd say post, it would like instantly load and post and people were like,

how did you do this?

Like, that's incredible.

And you know, back then iPhones were so bad and the connections were so poor that it would

take like multiple minutes to upload a single photo onto the internet.

And these guys are doing it in a few seconds, like two seconds, they weren't probably actually

uploading it.

Well, there's no, no, they weren't.

They actually were.

So first he was like, dude, why don't we just like say it's done and then it'll happen

in the background and like whatever.

But people would go check and they say, oh, it's not posted here.

This app doesn't work.

So what they did was they realized, oh, every what everybody does is they wait till the

captions done to start upload, they wait till you have the photo, the filter, the caption

until they start uploading the photo.

What they did was they separated and they would do it all on one screen.

So what Instagram did was they would let you take the photo and filter it.

And then they would say next, next you'd hit a button and then you'd start to write your

caption.

And they knew people take like two minutes to write their caption, like they're trying

to think of what to say.

And during that two minutes, they would just upload the image in the background.

So the image was already uploaded back then, like during that wait time.

And so they, instead of making you wait, they did it while you were already doing something

else.

And that was like a big thing.

So this perception stuff actually does have an impact in products.

That's what I think it needs to do.

I think they need another example of that is when Uber first came out and maybe they

still have this.

When you pull up your phone or when you used to pull up your phone, they would show you

all of the cars in your area crawling around the map.

Oh, yeah.

They're so close to you.

And I think that was faked actually.

And it was fake.

It wasn't real.

Yeah.

And it wasn't real.

But it would make you feel like they're everywhere.

And if you look at it now, it's about to be here.

And sometimes I don't remember why if it was random, you would open it up and there'd be

no cars around.

You're like, Oh, F that, I'm going to go to lift.

But it was fake.

And this idea, there's this great book called the design of everyday things by Don Norman.

And it's a famous, famous book.

And in one of the principles of great design is you need a feedback loop.

For example, if you were to click a button on your computer, like a submit button and

it wouldn't tell you it was submitted or something like that.

Or when you close a door and you don't hear a click, right, that lack of that lack of

feedback, it, it, it's annoying and it, it's disturbing.

It bothers you.

And so this is kind of in line a little bit with that.

Yeah, totally.

And so I think what Disney needs to do is they need line entertainment.

They need something to happen in the line to keep you occupied.

They need to extend the ride essentially into the line.

There needs to be things built into the line, little characters that come out, things that

drop from the ceiling, you know, little magical snowflakes that fly out every two minutes,

you know, candy that gets thrown into the crowd, whatever, something needs to happen

in the line.

That's my, my one tip for Disneyland.

Okay.

Besides that, I was thinking, why aren't there more of these?

So Disney was built in 1955 and you have six flags.

You have like kind of like smaller adventure parks.

But what, what are the other opportunities here?

So I think if you take the elements of it, you have a target, which is let's say a kids.

You have IP that they love.

So you know, they're excited to go see Mickey Mouse and Lion King and Aladdin and Buzz Lightyear

from Toy Story and all these characters that they've seen in the movies, they get to see

them in real life.

That's the big thing.

And, and then you have rides and you have food.

And you have also you have parades and amusement like entertainment that way.

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So what other niches are like, do you think that there's other business opportunities

to somebody who is like a Walt Disney, somebody who is a creative, creative mind could go

build today?

What do you think is out there?

Yeah, I think there's many.

And I think that we've actually talked about a few.

So the first one, which people laughed at, but it's kind of amazing, was the Museum of

Ice Cream.

And I thought that was amazing.

Another one is Meow Wolf.

Meow Wolf is this business that has locations in Arizona, New Mexico, and Vegas, I think.

I don't remember where else.

Supposedly, they do north of 100 million in sales, and it's basically like, it's like

if Cirque du Soleil was a museum, and you could walk around and like touch different

art, and it's kind of like all in your face, and it's kind of interesting.

I think you can do that.

I think that there's one thing that I think is kind of amazing that's out right now, which

is it's called the Van Gogh experience.

And so I like Van Gogh stuff.

My wife is like a huge into that.

And so we pay money and we go to the Van Gogh experience.

And so I do think that there's like little niche things that you can do related to this.

I think that like what I would do is I would look at what the most popular exhibits of

science museums and art museums are, and I would make something special out of it.

For example, do you remember like 15 years ago, the body?

What was it called?

The bodies.

I think that's all it was.

That way it was like a huge hit success.

And you'd go to all the science centers or whatever they're called science museums throughout

the country and they have like real life bodies that you can that like cadavers that were

donated and they dissected them and they tell you how the inside of the body works that.

I mean, I don't know if that's a mainstay somewhere, but like that's a good example.

What I would do is I would look at all the science museum and all the art museum exhibits

that are the longest lasting as well as all the Broadway stuff.

That's the longest lasting.

And I'd be like, all right, well, those are all hits.

Like why are they hits?

Right.

Right.

Things that people love.

I think the trick here is unbundling.

So I don't think you want to make the full theme park.

I think you want to unbundle components and either just remix those or just do only that

thing.

So I'll give you some of the ideas that I had while I was waiting in line for 45 minutes

for a ride.

I came up with all these are the ideas I came up with while I was sitting in line.

So the first one was target market.

The only thing I think people love more than their kid or love as nearly as much as their

kid is their dog.

And so I'm surprised that there's not a place like Disneyland for dogs.

That is basically the happiest place on earth for dogs.

I would take my dog there if I could just give my dog like an amazing day.

I would do it.

You know, I don't know about you.

You're a dog guy, too.

I don't know if you have that that pull.

Ideally it'd be local, not like, you know, kind of fly to LA to go do this.

So maybe it's maybe it's more like a traveling circus.

But why is there not just an incredible set of experiences that dogs love, you know,

dogs have a blast and you can just see your dog doing it and take pictures of them and

give them give them what they deserve.

What do you think?

It sounds like an insurance nightmare.

Any more than an amusement park with kids on roller coasters?

Yes.

So much worse.

You have a foo foo dog that is like won't hurt anyone.

I've got like a 80 pound pit bull who's well behaved, but if you ever wanted to hurt something,

he'd kill it.

And it sounds like it'd be so challenging to like, I mean, I would be stressed out about

that constantly.

Okay, we got some liability concerns.

All right.

What else?

We've talked before that IP.

How do you get great IP?

So Disney obviously use the Disney portfolio of IP, Mickey Mouse, Goofy, Donald Duck, whatever.

What are the what are the new forms of IP?

So I think if you ever use YouTube for kids, you're like, Coco Melon, Blippi.

These are characters that they watch just as, you know, just as much as like, you know,

Disney movies because it's all on YouTube.

So they're on YouTube.

They're invented by like kind of individual people there.

And then they got all rolled up by this thing called Moonbug and Moonbug owns a bunch of

this stuff.

And then Moonbug got rolled up by that thing that Kevin Mayer is doing for billions.

He was the former CEO of Disney.

Then he partnered with Blackstone and Blackstone gave him $2 billion or something like that

to go buy all this IP.

So he bought Reese Witherspoon's movie studio for 800 million.

He bought Coco Melon.

He bought Blippi.

He bought about about all these different, you know, different forms of IP.

So I think that YouTube channels have IP that people care about.

That is if you could, if you combine them all together and there was, you know, the way

that Disney does is like, there's different areas of the park for each world, each character

theme.

I think you could do it that way.

Dude.

Yeah.

I'm on board with this.

Keep going.

Religion is another one.

So take.

Isn't there, isn't, isn't there, doesn't that exist?

Isn't there like a, like a Muslim version of this?

I've never heard of it.

I thought that there was, but in the South, they have their, maybe it's Christian.

There's like a Christian theme park.

Have you not heard of this?

Exactly what I had in mind.

No.

It's like a Bible.

I think it's like a Bible theme park.

There is, it's in the, yes, it's like a Christian, I don't, the Holy Land experience is one

of them.

There's the Holy Land and then there's Ark encounter with like a real life size Noah's

Ark, but there is this thing called a Holy Land experience.

It's based out of Orlando, Florida.

Yeah.

Okay.

I don't know if that does well or not, but I could see a religious themed theme park

doing well, right?

The Mary go round.

That's Mary.

You know, you got, you got, you got Jesus's, Jesus's, uh, you know, jumping ride, whatever.

You know, you, you just go totally, totally, uh, fun with religion and try not to be blasphemous.

Okay.

You know, it's like a nonprofit.

So you could actually go in and look at all their expenses and revenue.

It looks like it brings in, uh, 10 million a year in ticket sales.

Yeah.

I think it could do, I think you could do a lot better than that.

Them setting it up as a nonprofit tells me that, you know, their ambition is probably

not, not, not huge there with it.

So I think you could do that with any different religion.

Um, okay.

What else?

The other side of it is like you unbundle parts of the experience.

So maybe the parade is amazing and like, you know, the parade is, is one of the experiences

that you could just offer individually or maybe like museum of ice cream.

I think that's a good example is it takes the go take cute photos in front of all these

different backdrops and with you in some costume, I think it unbundled that and it just offered

that.

There's no roller coasters.

It's just the photo part.

And so I think there's a whole bunch of things here.

And I think this is going to get bigger because as the world gets increasingly digital, there's

going to be this demand for real world experiences, but the real world experiences can't be something

that I could do digitally just as well.

It has to be unique and it has to be sort of exhilarating in a way that is a, it's

a reason to get out of the home.

It's a reason to get away from the screen.

And so things like we've talked about in fitness, like Tough Mudder or Spartan race, things

that are like, you know, photo things like a museum of ice cream.

Um, and now I think that theme parks are another one where there's a big opportunity to do

this well.

So I used to work for that TV show.

I've talked about a bunch of American pickers and we had this store and it was in Nashville.

It was a really small store, maybe 4,000 square feet or less.

It wasn't very big at all.

And people would complain all the time like, Oh, I thought it was going to be huge.

It was tiny and people would come from all over the world, Australia, Europe, all over

the South.

I mean, people from the South love this crap and they would come and they would, it was

free to come and they would just want to look at all the items that they'd seen on TV.

And I remember correctly on a, and this was in 2010 ish.

In a good day, we would sell 30 K and T shirts and mugs just at that store.

We would crush it just off that store.

If I was a Mr. Beast or someone who wanted to partner with Mr. Beast, or there's a bunch

of these YouTubers, they do a lot of interesting things.

There's just one guy, I think his name is pet cock.

I forget his exact name.

He's this older guy on YouTube with 20 or 15 million subscribers and he shoots every

gun.

So like any type of gun you can imagine, he has like shot it like an old revolutionary

gun or some like weird experimental shotgun.

And it's got a huge following, but he's in the middle of like, he owns like a plot of

land where it's like, it's like, you know, you could do anything you want.

Same with the, there's a couple of the guys named, there's another YouTuber named Roman

who's got, he's based out of Ohio.

He's got this massive plot of land and he's always like inventing all these weird go-karts

and shit.

Or Mr. Beast always does this weird, like epic stuff.

If I was a YouTuber, I think you could create like these epic experiences.

Do you remember that thing called, do you remember Woodward?

No, what is that?

So Woodward was this, it started out, I think in Pennsylvania and it was called Woodward

Camp and it was a sleep away summer camp and Woodward PA and it was a huge outdoor skate

park with bunk beds and stuff.

And as a kid, you would pay two or three, I don't remember thousands of dollars.

It was expensive enough that like my parents never would have done it.

And it's in this rural area and they, you pay all this money to go to this like sleep

away camp and you skateboard and BMX and do all this like crazy shit as a kid that you

like think that like that you see on rocket power or whatever.

And it crushed and it eventually was sold to Powder, is it called Powder?

It's like the largest or Vale Resorts, one of those.

It's like the largest private equity land owning and resort companies in the world.

And they eventually bought it for a lot of money.

And so anyway, I think, I think there is a lot of movement here.

You saying that Mr. Beast thing just reminded me, have you, did I talk about this movie,

this documentary Boy State on here?

Did I talk about this?

Have you?

Have you watched this thing?

No.

Boys.

Boys State.

Unbelievable documentary.

Got to watch it.

It's, it's on, it's on Hulu or Apple TV plus or something like that.

I got, you got recommended to me.

I watched it.

I loved it.

So what Boy State is, it's a camp.

It's a one week camp, I think in Texas and Austin, it simulates Texas politics.

Say you get there and it's like on day one, you get divided into like kind of their version

of the Democrats and Republicans.

It's like, you know, you join team blue or team red and immediately they become like

super fucking tribal and like hate the other side, which is hilarious because they just

like, it's arbitrary.

It's completely arbitrary.

So what this documentary is, is it follows one session of Boy State.

Hold on one second.

If you, and you could, I'm actually looking at the notable alumni from, uh, it's like

everyone, like so, I mean, there's like hundreds of famous people who went, famous politicians

who went to it.

Yeah, exactly.

So you go there and you, you get divided up to your on the blue or the red team, Democrats

or Republicans, they call it something else, I forget.

And then, um, the documentary follows what happens that week, which is you, uh, you run

the party basically nominates people.

So you can say, I want to be governor.

I want to be treasury.

I want to be, you know, vice governor or whatever the, whatever the offices are.

So like there's a handful of roles.

You first, um, you first, you know, debate, are you nominate yourself and then you give

a speech debate in your party to be the nominee for governor and then you run against, uh,

the other, the other side.

And, uh, and so it's, it's kind of an amazing documentary because it just shows how instantaneously

these games, these politics games just completely infect your brain and change the way you act.

And like these kids who are like, I don't know how old they are.

They seem like they're in like eighth grade or so, um, I could be wrong on that, but they're

like, they're acting just like a politician acts.

They're like making promises.

They're talking about what's wrong in the country and one side loves guns and the other

side hates guns and it's literally such a simulation.

And then at the, and then it follows the, the election and the election happens and

it kind of culminates in like, you know, it follows these five characters and it culminates

in one of them winning the thing.

And, um, it's just a crazy documentary.

So I think that that experience of a camp is kind of interesting too.

To me, uh, I think this has been going on for like 70 years and like you said, a whole

bunch of like famous politicians went and actually did this when they were kids.

And, um, you said Mr. Beast that reminded me of like, why isn't there a creator camp?

Like, okay.

Why, why, we talked about Boy Scouts going under and like who's going to replace Boy Scouts.

If Mr. Beast basically said, come to this one week sleepaway camp and create, become

a creator, like create your channel and like it's all about, you're going to be here.

We hand you a little selfie stick with a camera and you're going to create your vlog content.

You're going to create your channel.

You're going to create your brand.

You're going to have your fans.

You're going to follow each other's channels and like, it's just a place to like come to

learn how to be a creator.

And that's actually a fantastic idea because if you look at the stats, I think that either

you or me or one of us shared something where they asked like 15 year olds what they want

to do when they grow up and like 20 or 30% like a shocking large number.

So they want it to be a YouTube creator and the second largest thing I think was a Twitch

creator.

Like it was still the same thing.

Yeah.

Basically it's a video, like a YouTuber basically is number one and that's just kind of all

encompassing of like an online content creator and it used to be back in the day like athlete,

musician, you know, politician, scientist, astronaut and like 10, about 10 years ago,

you know, it flipped and a YouTuber became number one and people, you look at that, they

shake their fists and say, this is what's wrong with the country and other people say

other people who realize you can't pass a judgment like that.

It's a sort of like is what if that's what people want, that's what people want.

You just also if kids, if kids are actually going to follow through on what they would

say when they were younger, there would be a whole lot more marine biologists in the

world.

Exactly.

Like I would be a dinosaur right now.

Yeah.

It doesn't seem like there's exactly that many vats out there.

Exactly.

So I think that's a great idea as like, you know, if a couple of YouTubers got together,

I think they could have, you know, and I think it's fan service too.

So I think you would just become more famous.

You'd build fan love and you'd print like, I don't know, $20 million every summer running

your camp.

It's pain in the ass, but you could do that.

And I think like I went to a space camp from NASA when I was like in fifth grade.

Did you really?

The state of Texas sent every fifth grader to it.

So it's kind of amazing.

What?

Yeah.

And they only did it once.

So I was lucky to be in that timing.

I wanted to do that when I was a kid so badly.

It's an amazing thing.

You get to go there and you get to be in a rocket ship and like you get to play commander

and like do all this stuff.

But I feel like for many jobs, there's a version of that.

Like I think people are fascinated with prisons.

I think they're fascinated with the police.

I think they're fascinated with the army.

And like if you could create like amusement parks or simulations of that where you get

to take your pictures, you get to touch the stuff, you get to see how it works, you get

to learn some things, people will pay for that.

And I think they're going to see more out of home experiences like that get built.

Can we move on to the shitty Billy of the Week?

Yeah.

Or do you want to go a different one?

No, it's good.

It's just a crazy story.

I don't even know what the point is.

A point of this one.

Let's go to a different one.

Then we can do a different one.

All right.

Let's do a quick one.

Quick idea.

I saw this.

It kind of caught my eye.

This guy, what's his name?

I'm going to give him credit real quick.

Somebody sent this to us in the Facebook group and I thought it was really interesting.

So it's just specialnames.cn.

So what's the guy's name?

The guy's name?

Mike Benitez.

Share this.

So specialname.cn.

What is it?

Basically, there's a story that came out of this girl who paid her way through college.

She's basically made a few hundred thousand dollars and all she does is she names Chinese

babies with American names.

So basically in China, every Chinese person typically will have a Western name.

So if their name is hard to say, they kind of know that for business purposes and travel

purposes, it's just easier to be like, yes, I also go by Mike or I go by Emerald or I

go by Samantha.

And so, but the problem is, you know, it's not your native thing.

So if it's like, if I tried to pick a Chinese name right now, I might pick something that's

really weird or off, like it doesn't sound quite right.

And so you see these things where Chinese people would name their baby like Rolex would

be like their Western name.

It's like, no, no, no, you shouldn't have picked that one.

Like, you know, that's kind of a strange name.

If you were trying to have like an easy Western name, you actually like backfire.

So what this woman's service is, she, you can go to specialname.cn and the site is

hilarious.

You go to the website.

It's like, are you on the website?

It's like, yeah, I'm looking at it now.

Look at the counter.

It says the baby we named and it says a million.

They've named over a billion babies, but the English is, is off.

Yeah.

Well, the actual site's in Chinese.

I think it's a Google translate that you're looking at and you just say, boy or girl,

I think you submit some information or a picture of the baby and she just closes her

eyes basically and says, Jasmine.

No, so you pick five attributes like nice, honest, kind, eager, keen.

And I did that and it gave me the names Zachary, Caleb or Harvey.

And it says the famous Harveys are Harvey Firestone, Harvey Ball and the Caleb, Caleb

Carr.

I don't know who that is.

Is that a famous actor?

I don't know.

Zachary Taylor, I guess the American president.

Yeah, it's pretty funny.

And so this site, I thought, what an example of niches make riches and like just solve

a simple problem for people.

And you know, this girl's made, you know, hundreds of thousands of dollars just off

this website.

And I thought that was like, how does it make money just through ads?

Really cool side hustle for a college kid.

Just make money through ads?

I think, yeah, I don't know exactly.

I thought you pay her to do it, but maybe you're saying you just got a name right away.

I just got a name.

I was doing it on my phone.

So it might be ads or it might be a premium upsell.

And they and the logo is just this generic looking white lady like that's like the spokesperson.

If that's her or not.

That's definitely not her.

So let me do this.

Oh, yeah.

It's like a cartoon.

Yeah.

This is awesome.

So there's a hilarious little side hustle that I that I loved.

Okay, let's do let's do the shitty Billy the week.

I read the story and I was blown away.

This is not really this is interesting only in that it's a train wreck.

Did you see this story about this venture capitalists that came out just now?

So there's this guy named Michael Gogan.

He used to be a partner at Sequoia, right?

Like the one of the biggest venture firms ever is he the one who stole money from them?

No, he got fired because his girlfriend came out and accused him like sued him for or accused

him of of like sexual abuse.

She said, you know, he's I've been in a relationship with him for eight years or 10 years or something

like that.

And he's extremely abusive sexually to me and blah, blah, blah.

She's a stripper that he met somewhere and then she became his girlfriend and then whatever.

And the suit, he didn't lose the suit.

He, you know, she kind of like he got acquitted or whatever.

But you know, still Sequoia was like, you know, we decided it's best to part ways.

So a story came out in the Daily Mail.

You know, it's good because it's in the Daily Mail, which is like, you know, just the trash

of the trash.

It's the junk food.

You can't resist.

And basically there was some wild shit about this guy says here's the allegations that

are in the article.

The article says Michael Gogan.

He basically after he left Sequoia, he goes to Montana and he basically sets up his like

estate in Montana.

He owns like, I don't know, a hundred thousand square feet of like space of houses in Montana.

He is like the big fish there.

He owns a bar under the bar.

He created this thing called the boomer room.

And the boomer room is where he takes like, you know, girls that he meets and so this

guy's on his fourth wife, the article talks about this spreadsheet of 5000 women that he

slept with.

And it's just full.

Have you done them?

Wait, say that again.

Say the 5000 thing again.

A spreadsheet of 5000 women that he slept with is okay.

So do the math.

If you.

So if you if this has happened over a 20 year period, yeah, 365 days times 20 is 7,300

divided by five.

That means he had to have sex with a different woman every one every other day.

Yeah.

Is that crazy?

What?

I don't believe that.

That doesn't make sense to me.

I don't know if it's true.

I don't know if he did it or he didn't sort of like the world Chamberlain did this one

where he claimed he slept with 10,000 women and people were like, that means you slept

with two women a day.

Like this doesn't make any sense.

Yeah.

Here's a response, by the way.

He was like, yeah, sometimes it was three, though.

Exactly.

Most response ever.

So this guy is guys wild.

So he basically there's tons of so what happened was he had created this like security

company to cover his tracks and it's like a private security company and he hired these

like ex military people to run a firm and they were kind of like his fixers.

They're the ones who came out and exposed this whole thing and are now suing him for

$800 million.

So they're suing him because he basically made them do a bunch of stuff that like got

them in trouble.

So he'd have to pay off women that he would sleep with and they would have he'd be like,

you need to do this.

Like I'll put money in your account.

You pay her off and and eventually one guy.

So he had a friend who the story is he he brings his daughters over to the friend's

house with their babysitter, but then he leaves with the babysitter has sex with the babysitter

and the friend is like, dude, what the hell are you doing?

You just have sex with the babysitter in my house.

Like this is messed up.

And he's like, he calls him a pedophile and he's like, dude, like I don't, you know, don't

bring up my my flaws and like, you know, there's a one time thing and blah, blah, blah, and

the guy's like, oh, this messed up and he's like starts threatening the guy.

He threatens the guy and says, if you come out and say this, I'm going to like ruin you.

And the guy's like, you know, if that he then sleeps with the guy's wife as like, you know,

part of this part of this process, the guy gets really pissed.

And he's like threatens to basically expose him for all the stuff that he's doing.

While he's meanwhile, like an investor and all this stuff, you know, leading this professional

life, the guy's worth $5 billion, by the way.

So he's he's he's a he's a multi-billionaire himself.

So the guy goes to his like security guy and says, we need to kill him.

We have this guy's getting too, he's too big of a risk.

He threatens to bring everything down.

We got to kill him.

And don't and there's basically like in the article is like, don't like communicate anywhere

except for wicker.

This like self-deleting text messaging app.

And the guy goes to him and says, hey, hey, like talks off the ledge.

No, let's not kill this guy or whatever.

But though that was like one of the allegations.

And so people have come out against this guy, but he bribes the police.

And so like multiple police chiefs have like lost their job because they failed to investigate

this guy, because he basically bought them off.

And how much do you think how much do you think you'd have to bribe a Montana cop to

shut up like a million dollars?

I mean, yeah, I think I think nine out of 10 police officers would take a million to

shut up.

Oh, in my deep experience, bribe and cops, I have no idea.

Yeah, I think like half a million dollars would do, right?

Like for a lot of these women, it's like jewelry, like he slept with one woman and then she

got the husband found out and got divorced and then he paid for he bought her a five

bedroom home and also paid for her side of the divorce.

And you know, that was like one of the things that he did.

And so he just had this like elaborate web of, you know, crazy, like this crazy sexual

life layered on to crazy like payoffs and bribes and cover ups and then like a whole company

dedicated to like this private security company, whatever that means.

And then like police bribery, like this is like a crazy ass three part movie.

And then you look at this guy and he's just like this, you know, cookie cutter white VC

looking guy.

It was like such a wild story, I thought.

And yeah, sometimes truth is stranger than fiction.

So I I read I read a little bit about like odd billionaires and I've maybe interacted

with one or two before.

And does it have you ever met someone who's like in the hundreds of millions or billions

of dollars who has like some weird shit where like, like they have a like, for example,

this is like public knowledge.

Peter Teal basically employed this, this three lawyers, big shot lawyers.

And they're basically when he was outed as gay by Gawker, he employed and this is a great

book by Ryan Holiday.

I forget what it's called, but he employed these three lawyers.

And I forget when he was outed, but something like oh nine and he goes however long it takes,

your full time job.

A decade.

Yeah.

Yeah.

He goes, just wait for Gawker and those guys to screw up.

And when they slip up, tell me and we're going to pounce and he employed these guys

the whole time.

And there's some crazy stuff about Peter Teal.

Like for example, in the book, they said that he has a black Mercedes with the engine on

everywhere he goes in the world.

So like that's what it like he always he's got a team and they they they have to have

a car like at all times.

And he also has land in New Zealand because he's a little bit nervous about apocalypse.

And so my question is, have you, do you think you've ever met like a billionaire or someone

like that who's got some of these weird ass things like a like a security force who does

exotic things like this?

A fixer.

Yeah.

I think so.

So I worked with this guy.

I've talked about him before.

I worked with this crazy kind of like the Filipino guy in Indonesia, crazy guy in Indonesia

that was talked about before.

I mean, he's like a dropout in grade school, self made.

I think it was worth $500 million, kind of like at his peak.

And $500 million in Indonesia is like, you know, $10 billion here in America.

And you know, he he had a crazy elaborate like business like his him as my boss was

really weird.

Like he was a really insane boss.

I told you, but he had a giant projector in the office like on the wall that had everybody's

computer tracked and your productivity was like this, like he bought the software from

Boeing and basically used it to like show like your, your little square would flash red

if you weren't being productive enough.

And I don't even know how it was like measuring that, like just how much you were typing,

I guess.

I don't know.

And it was like this intimidation thing on, you know, he had four women that just managed

his email.

Like if you did good in a meeting, he would walk in the next day and just hands you keys

to like a new Mercedes that's outside.

He's like, this is yours.

Drive it around.

And like, you know, he did crazy shit like that.

Like I remember a meeting once where a friend of his came in from Singapore and they were

basically just openly talking about like a insider trading slash pump and dump scheme

that they were doing.

And I was like, whoa, that's like crazy illegal.

And they were like, yeah, it's great.

We're going to make so much money.

It's this is going to work.

It's going to be off.

You said that you said this is illegal.

I didn't say I'm just sitting there in the room being like in my head.

I think this I'm 20 years, I think I was 21 years old.

Like I didn't know shit about shit at that point, but I knew enough to be like, I think

this is wrong, what they're talking about.

And then he would, you know, every day would after work would take everybody to the bar.

Whoever his kind of like insider crew was and two girls would be there.

And those were like, you know, his escorts for the day or whatever.

And like, this is the way he did business.

And he bribed officials and he did all kinds of stuff.

He ended up in jail.

He ended up dying in jail.

He actually died this year.

And you know, this is like a pretty crazy life.

And I worked with this guy for only like three months.

And then I left and I came back and started a startup here, but like, you know, that guy

was wild.

He lived a wild life.

That's awesome.

Yeah.

I've, I don't know if I've had any firsthand knowledge of, or if I've like been friends

with people, maybe I haven't.

They just haven't told me, but I do believe that like people like this guy, this Gogan

guy.

I don't know.

I haven't heard this.

This Gogan guy is like on some Jeffrey Epstein shit, right?

Like this is a modern day Jeffrey Epstein situation.

Maybe I guess it's not underage girls.

I guess that's, that's the difference, but like basically, you know, just like a harem

of women and coverups and bribes and intimidation.

And he's got this bunker and he's like bribing police and like, if these things are true,

which you don't know if they're true or not, but this thing came out, it's pretty crazy.

It's a wild story.

Yeah.

This is crazy.

I didn't know about this.

Like I would believe just based off, I believe this is very, this could be very true.

Like this doesn't shock me.

Like knowing what I know a little bit.

Like and I have heard like rumors of people who I'm like second hand or third hand connected

with that they're freaks.

And like I hear some stories about what they do to cover it up.

And I 100% believe this and it's Silicon Valley who are very successful.

Like things that I didn't realize until I kind of got closer to, I'm not inside that

circle because I'm not like in that, that tier, but I had a couple friends in that circle.

And it's like two things that are way more common than I ever would have thought.

Swinging, swinging is like super common in Silicon Valley.

Dude, it's weird.

It's weird.

You know what this pineapple thing, by the way, tell me, I learned this from Tik Tok.

I don't know if this is real or not, but basically like this, this, the silent symbol

for signaling to others, if you're a swinger or not, apparently is a upside down pineapple.

So if you go to a house and they have a picture of pineapple that's upside down, it's a wink

to anybody else who's in the lifestyle that, Hey, we're down.

I had, I had no idea.

That's crazy.

Or if they're wearing like pineapple earrings or something at a party.

I've got a girlfriend who does it and she, and she tells me about it.

And my wife and I were like, I was like, Sarah, like, you know, like I'm not interested in

this.

So like, I don't want to do this.

This is this.

And she's like, yeah, maybe there, but it's so fun to hear about.

Yeah, exactly.

I'm like Uber Uber.

I do.

I've got a couple of friends that are into it down here in Austin, where I live.

These guys have this company, you know, on it, um, Aubrey Marcus.

And then he's got this other guy named Kyle, uh, who is a friend or works there.

I'm not sure the relationship, but they like, they mix work and play and they're open about

their, how they're, they have open relationships and they talk about it.

Kyle Kingsbury, I think his name is, and they talk about it on the podcast, on their podcast

that they, they share, they share relationships.

Yeah.

I mean, you know, more power to you if it's your thing.

Uh, I, what I'm saying is I didn't know how common that was, uh, like swinging or that

lifestyle, but it is very common amongst like successful Silicon Valley people.

Same thing with drugs, uh, like, you know, my either micro dosing or normal dosing of

certain drugs.

I guess like, there's a certain level of, uh, party that I just never did and had never

had the urge to do, um, that I think is like pretty common amongst, uh, amongst like this

group of people and like, you know, good for them.

Dude, I'm, I'm, I'm such a prude.

I've been out with like some like really powerful people who I looked up to and I saw them whenever

I've seen them do coke.

I'm like, Oh, I, I don't, uh, I don't really like you as much as I used to like you.

Exactly.

It just like, it made me uncomfortable.

I didn't feel, I didn't like it, but, uh, this is crazy and it is way more common than

I, than I thought living in Silicon Valley.

I think what it is is like, if you're a nerd and you're now worth a billion dollars or

hundreds of millions, which is basically the same thing and you could do anything you want,

you will, you want to do stuff.

And also if you are young and you have money, you have to up the ante consistently.

So Dan Blazerian has this new book out and either in the book or in an interview about

a book, he was saying how he's like, man, I've had every woman that I could ever want.

I have private fancy chefs.

I drive the best cars.

I fly private.

I do, I do the fanciest stuff.

None of it makes me happy anymore because I have to go bigger and bigger and bigger in

order to help my dopamine and make it work.

And now like none of it makes me happy.

So I just like, I try to be simple now, although like it's really hard, but all the items,

they don't, they don't bring me joy.

Speaking of making me happy, I, there was this thing that I saw that I thought was pretty

cool.

It's not really like a business idea necessarily, but I think it's worth a read.

So let me put a link to it, worship the link one second, grab it.

Basically there's this guy, I want to give him credit because it's a very interesting

read and I'll explain it while I'm looking for the link.

So basically there's this guy who Dan Lou, I think is his name, how do you spell it?

Dan normal and then L U U and go to this link.

So go just search or no, I'll just slack it to you.

So go to this link and this guy, this post and basically what he, all he did was he's

like, Hey, you know, there's, there's all these like claims that you'll hear commonly.

You'll hear them over and over and over again and they're referencing studies and they

have fancy names and then they reference studies and then people take them as facts.

And then if you're, he's like, turns out, if you actually go read the study, the claim

is either way weaker than what people use it as like I think, or it's literally the

opposite.

He gives four examples and I loved reading this.

So I want to go through them real quick.

So one is on happiness, which you just said.

So we had talked about this before, which is people have this thing where they say there's

a, there's a link between happiness and income and basically the thing you'll hear in pop

sciences beyond $75,000, you know, your happiness doesn't go up beyond that amount.

So what does this mean?

And it's total bullshit.

Don't chase money and don't chase money.

You should, it's not going to make you any happier.

And so he's like, so he goes and he's like, because it's become common knowledge that

money doesn't make people happy.

How much is enough?

You know, people have different things.

If you Google it, if you say happiness income, it'll say household income of $75,000.

After that, your day-to-day happiness doesn't rise.

He goes, this happiness correlate income like study was actually done multiple times, not

just one time.

And you know, the problem is like when people looked at the graph, it looks like happiness

was up, up, up, up, up, and then it flattens out.

He's like, the problem is it's on a long scale.

And like most people just don't know how to read a long scale graph.

A long scale graph means you're going up by factor of 10 every time.

So even if it's flattening out, that might be going from 10 to 50, it just doesn't look

like as big of a jump because it's not like the increments are a long scale.

So basically, if you actually look at it, if you actually look at the, and you know,

this got published in Dan Gilbert's book on behavioral economics and stuff like that.

And basically, if you actually look at the chart, the chart shows that if you look at

it on a non-long scale, which he puts the graph here, it's basically like the more money

you have, the more your satisfaction goes up and there is no flattening out.

It doesn't go up at the same rate.

So yes, it's true that going from $0 to $30,000 to $75,000 gives you a bigger jump in happiness

than going from $1 million to $2 million or $2 million to $4 million.

But the happiness does keep going up.

Your satisfaction does keep going up on all the reported scales.

And it's basically like, you know, there may be some point where you stop getting returns,

but we haven't found it yet, you know, like on average, people have not found that yet.

So actually, there are things that like, and if you dig in, he actually pointed out some

that there are some things that contradict this claim.

So what people used to say is, oh yeah, you'll get that money, then you'll return to what

they call your set point of happiness.

So you get all this money, you win the lottery, yeah, within a few months, you're back to

your set point of happiness.

If you were depressed before, you'll be depressed after.

And he's like, you know, it turns out that that's not true, winning the lottery actually

does make you happier if you actually look at the study.

The second thing is the reverse, they also say it's true.

Something bad happens to you, people will say, oh, you're so resilient, you'll bounce

right back to your previous level of happiness.

And he's like, actually, if you go look at the study, it actually does show that disability,

divorce, loss of a partner, unemployment actually have long-term negative effects on happiness.

And even like unemployment after you get re-employed, it still persists, and that's what the studies

actually show.

He's like, it's kind of amazing, you know, how this can happen.

Like the study literally says what the answer is, and then people will summarize it as something

completely different.

Like they'll either take a very weak effect and make it sound like it's a total like

strong effect, or it'll take something that said no correlation, they'll say it's a correlation.

He has four examples.

Or usually what happens is like there'll be a time where someone has one cute line in

a study, and then a news article cites it, and then a thousand things cite that.

They cite the news article.

So another example of that.

Yeah.

Yes.

Have you heard that it's a crazy stat?

I don't remember exactly.

Somewhere like half of Americans can't afford a $500 bill if emergency came up.

So I went and read, I was like, I don't believe that that's true.

And I went and looked at where I researched this a while ago, and it's bullshit.

What happened is there was a study done, and there was a line in the abstract saying like,

you know, like this could be as bad as, it said something like noncommittal, like perhaps

or maybe or like something like that where it's like, I forget exactly how the scientist

or the how she phrased it, but it's not true, it's not a fact.

It was like, it was just a line and so many people cited that and ran with it to you believe

it's true.

Another example is, I believe the food pyramid.

So the food pyramid, I, if I remember correctly, they were, it was like a hypothesis or something.

It was like, we just, we think this might be true.

And like some people were just kind of tink, it was like a, it was like a project someone

was tinkering with.

And I think it was who the World Health Organization took it and ran with it.

And they're like, well, you know, we don't know if this is real.

And in fact, in the nineties, they had to change it because they're like, well, we actually

put like all fats and all carbs in the same category when they're like, you know, it was

just like this oversimplification that some people were just tinkering with and someone

ran with it.

And there's loads of examples.

We should actually do an entire podcast just on examples of that.

Another one is like, dude, have you ever heard that you could see the Great Wall of China

from space?

Yeah, I heard that.

Is that not true?

It's of course it's not true.

If you could see the Great Wall of China from space, why couldn't you see like a highway?

That's true, the height wouldn't really matter because it's so easy to get these one-liners

and run with them.

And they're really cool.

You could find a lot of them in interesting studies.

And I've actually been learning Peter Atea, this guy named Peter Atea has this really

good blog post on how to read studies.

And so I read health studies all the time and you can go and read them and they'll make

these broad claims, but you'll say, oh, well, you tested this on only 20 people and they

just these 20 people like called you or checked in with you occasionally for the like three

weeks.

Like they called you every other day.

We don't know what they were doing throughout the day.

Like there's just so much information going on.

Who knows exactly what happened.

It's not good enough to say it's a fact.

There's a name for effect.

I don't remember the name of it, but it describes this phenomenon.

The name doesn't really.

Is it Dunning Kruger?

Dunning Kruger is a good one.

That's in this thing that he talks about.

But there's an effect like this, which is like, there's something that happens where

you read a newspaper story and let's say a day to day, you read the newspaper, you say,

this is good.

It's informing me.

I trust this.

This must be true.

If it's here.

And then you read about something you know about and you actually see, oh my God, like

I actually know about this.

And this is actually either not quite right, totally off or misses and leaves out some

important information.

So you would think that people would once they have that experience, they would like

readjust their trust in the rest of the newspaper.

And the name of the effect is some kind of like amnesia effect where like you, you turn

the page and then you resume trusting the next thing that you didn't know about.

That's in the newspaper.

It's like, even though you just sort of prove to yourself that like this should not be the

you know, the record, the canon of like what's true and what's not about a subject.

But there's this like common effect, which is that people will experience it on something

they know.

And then as soon as they get back to something they don't know, they sort of rebound back.

I forgot the name of that, but I've seen this to be true.

You know, for me, for me, I hope at least at least, you know, that was one of the biggest

changes of my childhood.

It was, I used to think if something was in the newspaper or on CNN, that like, yeah,

that's what it is.

And you know, and you know, it changes it when you become the person writing it.

So I became the person writing it, you know, I created a website and I would write stuff

and I saw people cite it.

Sometimes you and I will say stuff and we're saying like around or we're saying, I heard

this crazy story about X, Y and Z.

And hopefully we think that people are saying like, you know, this is just banter and like

we don't, it's when we do know the facts, we'll say it's a fact.

But oftentimes we're like, you know, I think it's around blank and I'll see people cite

us and I'm like, well, you took that out of context.

So I was just, I wasn't well researched on that.

I was just kind of, I kind of knew it.

And once you become the person making the news, you see that it's bullshit.

And that's why I believe that fake news, even though people are like criticizing Trump for

that.

I'm like, that is actually real.

It's very easy to make fake.

This is, you know, what's the difference between, you know, CNN and the WWE is not much

and make up storylines for entertainment.

And so like, you know, all these three letter acronyms, the NFL, same way, storylines for

entertainment.

And like, if you say that the news is just reality TV, right?

It's storylines loosely based on reality.

That's very different than, you know, getting your information from it.

And I get it.

It's tiring to go try to get accurate first hand information a lot and people use shortcuts

and that's why that's why the system is the way it is.

But you know, the sooner you sooner you realize that the news is just entertainment, the faster

you'll either stop consuming it or consume it with like a very severe filter that says,

this may or may not be true.

I'd like to cross check this again.

If it's important, I should go dig into it.

And if it's not important, you know, I should kind of like, you know, take it with a grain

of salt.

This is great.

So we asked you guys for reviews and we're going to give a grand to six different people.

So we're looking at a wheel where we have everyone's name.

So you're just going to click spin and we're going to, we're going to select one of them.

By the way, you didn't have to say anything nice.

We just said, leave a review, whatever you think we want the feedback.

And we wanted to go up the charts, which I think we think maybe reviews helps.

And so we said, Hey, if you listen to the pod, leave a review.

So we got, I could have swore we got like 1500 new reviews here.

It says there's that there's 650 entries.

Oh, the winner.

Go for it.

Poopy Hiji.

Poopy Hiji is the first winner.

Okay.

So it says a breath of fresh air.

Then it says the way these guys think gives me hope in humanity.

Oh, damn.

All right.

Flattered.

Great.

Let's get the next one.

Thank you.

Poopy Hiji.

How's that person going to remember that?

How are they going to remember what?

To get in touch?

Yeah.

That that was their username.

You can't forget it.

Poopy Hiji.

All right.

Go bird.

Go.

All one word.

All right.

What did go bird go say?

Oh, yes.

I love it.

All right.

Go.

If you like listening to arrogant jerks, talk to arrogant guests and all congratulate

themselves on how awesome they are.

This is the podcast for you.

Go bird.

Go.

Go bird.

Go.

Yes.

That's awesome.

The title is just arrogant.

Well, go bird.

Go.

You are wonderful.

You win.

You just want to grant for that.

I was going to say, I think that this contest had, I saw close to no negative reviews.

I saw a couple, but close to none.

Well, we found, we found definitely at least one.

All right.

Next winner is HRS 1144.

Okay.

HRS.

What did you say?

And let's, let's go check this guy out.

Uh, okay.

What does this say?

This is one of the best business podcasts out there right now, especially valuable.

If you're thinking about starting a business or wants motivation, the interview interviews

with founders are great, couldn't recommend it more.

All right.

Thank you very much.

HRS 1144, come claim your thousand dollars.

All right.

All right.

Who else?

We have three more.

Why don't you just do three spins of road, right?

Yeah.

LA Gem.

Winner number four.

LA Gem.

All right.

Hit it one more time.

CP123.

All right.

CP123.

Nick on the Mac.

Okay.

Nick on the Mac is the last winner.

All right.

So let's go check these people out.

LA Gem.

CP123 and Nick on the Mac.

All right.

Uh, dig in this podcast.

Sean, Sam are phenomenal. I'm always learning and laughing when watching the show, not your

run of the mill podcast.

You must check this podcast out.

Okay.

Thank you very much.

Is that it?

Oh, that's the best business podcast out there.

Very always interesting.

All right.

Boring.

Pretty vanilla.

Thank you.

All right.

We need to come home strong.

Nick on the Mac.

What do you got for us?

Eight foot tall Sam Barr.

Okay.

Amazing.

I got really into my first million this year.

Oh my God.

I'm going to take a bigger.

Um, this year and haven't missed an episode since the summer.

Really great show because of the two expert.

Because of the two expert, but opposite entrepreneurial voices of Sam and Sean.

Yeah.

Sam is realistic, full of fundamentals and about the grind.

Sean is Mr. Moonshot with the newest and latest tech news and ideas are on the most speculative

of investments and being on the bleeding edge.

They come together, have awesome debates and have inspiring guests dropping occasionally.

They happen to talk about physical wellness and MMA a lot, which I think inspired me to

have a dream where Sam was eight feet tall and tried to fight me.

Uh, I was pretty shaken up, but I continued to follow their programming.

That's awesome.

Nick on the Mac brought us home strong.

You get a thousand dollars.

So, um, that's it.

I think we're going to have another contest.

We're not, I don't think we're not announcing it right now.

Right.

We're going to announce it at another time.

Yeah.

By the way, Sam's Southern Sam sticky icky, our sauce business.

Let's just say that idea is happening and you'll be more about it.

I don't even have an update.

I mean, I, I have an update for you.

I texted you.

I said, let's do this.

You said, let's do it.

And that's enough for me now.

Now we're on our way.

I also may have found us a great operator who's interested in running it.

And he's got e-commerce experience, which is good.

So I think he would be an entertaining person to build this and we will create this empire.

And what I want to do is go step by step from scratch, make a series out of this.

We'll put it up on the YouTube channel, probably on the podcast as well.

I think and just show, you know, a 10 part series of like idea, finding the, you know,

formulations, creating the actual physical product.

Okay.

Building the brand of the design of the packaging.

Go to market.

How do you do the initial marketing and sell it?

Um, show the whole thing end to end.

That's what I want to do.

Machine-generated transcript that may contain inaccuracies.

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) discuss Shaan's recent trip to Disneyland and talk about a number of business ideas that involve unbundling Disney. They also talk about PFP NFT projects, why CNN is just like the WWE, YouTube creator camps, and much more. At the end of the episode, they pick six $1,000 winners from the recent review contest, so if you submitted a review, stick around to see if you won.
 _____
* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
* Want more insights like MFM? Check out Shaan's newsletter.
_____
Show Notes:
(00:48) - PFP NFT Projects
(12:40) - Business ideas from unbundling Disneyland
(50:30) - YouTubers making creator camps
(53:35) - Sh*tty billy of the week: Mike Goguen
(46:50) - BS studies and why CNN is like the WWE