00:00

Dude, that's crazy. That that that mistake. That's a ten million dollar mistake.

Dude, that's crazy. That that that mistake. That's a ten million dollar mistake.

00:04

Yeah.

Yeah.

00:16

Andrew, what's going on, dude? I'm Are you pumped to do that? I'm really, yeah, I'm excited. I worked out this morning and feel feel good. It's a nice sunny day. We had a big dump of snow here, which is actually incredibly rare. Usually it, like, never goes below freezing. So, yeah, it's nice. What'd you do? Play

Andrew, what's going on, dude? I'm Are you pumped to do that? I'm really, yeah, I'm excited. I worked out this morning and feel feel good. It's a nice sunny day. We had a big dump of snow here, which is actually incredibly rare. Usually it, like, never goes below freezing. So, yeah, it's nice. What'd you do? Play

00:33

no. I actually went on my treadmill. I started I it's weird kind of feeling like a little low energy over Christmas, and I realized this hadn't worked out. And so I was like, oh, I'll take, you know, am I eating the right thing? Am I doing the right routines? Am I doing my gratitude journal? Sam can't relate. He's never had supplements am I taking? And then I just worked out.

no. I actually went on my treadmill. I started I it's weird kind of feeling like a little low energy over Christmas, and I realized this hadn't worked out. And so I was like, oh, I'll take, you know, am I eating the right thing? Am I doing the right routines? Am I doing my gratitude journal? Sam can't relate. He's never had supplements am I taking? And then I just worked out.

00:52

I just I just realized like working out is all you need to do. There's a there's a great quote. It's in,

I just I just realized like working out is all you need to do. There's a there's a great quote. It's in,

00:58

this book I was reading called The Body, and it basically said, like, If we could put in pill form all the benefits that exercise gives you,

this book I was reading called The Body, and it basically said, like, If we could put in pill form all the benefits that exercise gives you,

01:07

you it'll be the it would be the most successful medicine of all time. Right. And the whole point of the book was, it was called the Body by Bill Burson. I or by Bill Bryson. I love that book. And, he's just a he's like, basically, like, sleep and exercise are the cure to most every Yeah. It's crazy. I love his writing. He's, he's great.

you it'll be the it would be the most successful medicine of all time. Right. And the whole point of the book was, it was called the Body by Bill Burson. I or by Bill Bryson. I love that book. And, he's just a he's like, basically, like, sleep and exercise are the cure to most every Yeah. It's crazy. I love his writing. He's, he's great.

01:27

Do we wanna get into this, son? Yeah. Let's do it. We did this last year.

Do we wanna get into this, son? Yeah. Let's do it. We did this last year.

01:31

And, I think it was probably my favorite episode last year. We called it the Millie Awards, We did an awards ceremony at the end of the year. Andrew came on, and we did it in twenty twenty at the end of the year. And I actually went back and I listened to it, which is, you know, it's cringy to listen to your own voice recorded, but

And, I think it was probably my favorite episode last year. We called it the Millie Awards, We did an awards ceremony at the end of the year. Andrew came on, and we did it in twenty twenty at the end of the year. And I actually went back and I listened to it, which is, you know, it's cringy to listen to your own voice recorded, but

01:49

it was a really entertaining episode. And we made a bunch of predictions. I actually even kinda noted some of them down. I don't know if you guys saw that, like, some of the,

it was a really entertaining episode. And we made a bunch of predictions. I actually even kinda noted some of them down. I don't know if you guys saw that, like, some of the,

01:57

some of the things that we had said last year.

some of the things that we had said last year.

01:59

And, and so we're gonna do it again, and we're gonna try to make this an annual tradition. We'll see how it goes.

And, and so we're gonna do it again, and we're gonna try to make this an annual tradition. We'll see how it goes.

02:05

And,

And,

02:05

alright. So without further ado,

alright. So without further ado,

02:08

here we are. The twenty twenty one Millia Awards, we are back. And, we gotta butt the way we got a bunch of different categories. The three of us did our research, got did our thinking about who we think is the winner for each. We did not tell each other. Did not show each other. If we have the same answers, just coincidence,

here we are. The twenty twenty one Millia Awards, we are back. And, we gotta butt the way we got a bunch of different categories. The three of us did our research, got did our thinking about who we think is the winner for each. We did not tell each other. Did not show each other. If we have the same answers, just coincidence,

02:25

great minds think alike, and we're gonna react to kind of how each one goes. And I have a little side game here, which I'm gonna play.

great minds think alike, and we're gonna react to kind of how each one goes. And I have a little side game here, which I'm gonna play.

02:31

Has a little notepad.

Has a little notepad.

02:33

I'm just gonna kinda take notes of who I think wins each category in terms of their answers. So we'll see we'll see who brings the heat, during this thing. I got Sam. I got Sean. I got Andrew. And I'll put a little tally for and I'm the only judge or you guys can chime in on that I'm just gonna keep note of of how we do for for this whole episode. Alright. So do I miss anything, Sam? Are we good to go? Yeah. And we what I'm I alright. So I have a I have two documents. I have one document with, like, my answers. And then I've got the other document that have last year's answers.

I'm just gonna kinda take notes of who I think wins each category in terms of their answers. So we'll see we'll see who brings the heat, during this thing. I got Sam. I got Sean. I got Andrew. And I'll put a little tally for and I'm the only judge or you guys can chime in on that I'm just gonna keep note of of how we do for for this whole episode. Alright. So do I miss anything, Sam? Are we good to go? Yeah. And we what I'm I alright. So I have a I have two documents. I have one document with, like, my answers. And then I've got the other document that have last year's answers.

03:03

And so I think what we should do

And so I think what we should do

03:05

is you can lead, and you could say, like, the the category that you could say, here's what last year's are. Right. Okay. So we'll Or were. Alright. So we'll we'll start with,

is you can lead, and you could say, like, the the category that you could say, here's what last year's are. Right. Okay. So we'll Or were. Alright. So we'll we'll start with,

03:13

We'll start with,

We'll start with,

03:15

breakout company. So,

breakout company. So,

03:18

this is the twenty twenty one breakout company. A company that kind of like exploded. Wait. No. Billy of the year is first, Sean. Okay. You wanna go in the actual order. We can go in the actual order. Alright. So Billy of the year is number one then. We do billy of the week sometimes on

this is the twenty twenty one breakout company. A company that kind of like exploded. Wait. No. Billy of the year is first, Sean. Okay. You wanna go in the actual order. We can go in the actual order. Alright. So Billy of the year is number one then. We do billy of the week sometimes on

03:31

the pod. So this is billy of the year. It doesn't have to be somebody who's a new billionaire, but it's just a billionaire who had a hell of a year. Last year,

the pod. So this is billy of the year. It doesn't have to be somebody who's a new billionaire, but it's just a billionaire who had a hell of a year. Last year,

03:39

Sam said Chuckfini,

Sam said Chuckfini,

03:41

who is,

who is,

03:43

who's Chuckfini? He's the guy from, blockbuster and all or is that somebody else? No. He's just a he was a he started a business where they sell shit at airports, but he gave away, like free.

who's Chuckfini? He's the guy from, blockbuster and all or is that somebody else? No. He's just a he was a he started a business where they sell shit at airports, but he gave away, like free.

03:53

Yeah, duty free, but he he gave away all of it. He gave away, like, ten billion dollars. Andrew had Mark Leonard, who's I think the CEO of Constellation software. Is that right? Who's, you know, maybe,

Yeah, duty free, but he he gave away all of it. He gave away, like, ten billion dollars. Andrew had Mark Leonard, who's I think the CEO of Constellation software. Is that right? Who's, you know, maybe,

04:03

yep, you know, somebody you respect who runs a similar playbook to you buys great companies, owns them for a long time, very stealthy secretive guide. You shared a bunch of cool stories about how he keeps a low profile.

yep, you know, somebody you respect who runs a similar playbook to you buys great companies, owns them for a long time, very stealthy secretive guide. You shared a bunch of cool stories about how he keeps a low profile.

04:14

And then I had Eric Ewan, who was the CEO of Zoom, because I thought Zoom sort of saved the world during the pandemic and let the world continue to run. And, and so I had Eric Eric you on. So who do we have for this year? We'll start with Sam, Billy of the year, who you got.

And then I had Eric Ewan, who was the CEO of Zoom, because I thought Zoom sort of saved the world during the pandemic and let the world continue to run. And, and so I had Eric Eric you on. So who do we have for this year? We'll start with Sam, Billy of the year, who you got.

04:28

Darmash,

Darmash,

04:29

the CTO and co founder of HubSpot. He came on our pod and up to your boss.

the CTO and co founder of HubSpot. He came on our pod and up to your boss.

04:36

Well, yeah. I mean, I guess. But he,

Well, yeah. I mean, I guess. But he,

04:39

he just had the idea outlook on life. And I think he had an amazing job. Like, he basically said no one reports to him, and doesn't report to anyone. I think he I don't know what what's he worth? Like, two billion dollars, whatever HubSpot stock is worth. I thought he was pretty amazing at a good outlook what was the outlook that you like? I thought the the most interesting thing about Dharmesh is exactly what you said that instead of, I think so many entrepreneurs are like, okay. I'm either all in or I'm all out. And he kinda said, you know what? I'm just gonna do this stuff I like, and he's kind of a floater. Like, he just kind of floats around within the company, and I thought that was really cool. And he was nice. The thing about Dar mesh is that he's nice and he's friendly and he's calm, and I really enjoyed that about him. He's not a type a or he is type a in that he's competitive, but he's not, like, trying to out alpha people. He's very comfortable in his Andrew. Who you got? Billy of the year?

he just had the idea outlook on life. And I think he had an amazing job. Like, he basically said no one reports to him, and doesn't report to anyone. I think he I don't know what what's he worth? Like, two billion dollars, whatever HubSpot stock is worth. I thought he was pretty amazing at a good outlook what was the outlook that you like? I thought the the most interesting thing about Dharmesh is exactly what you said that instead of, I think so many entrepreneurs are like, okay. I'm either all in or I'm all out. And he kinda said, you know what? I'm just gonna do this stuff I like, and he's kind of a floater. Like, he just kind of floats around within the company, and I thought that was really cool. And he was nice. The thing about Dar mesh is that he's nice and he's friendly and he's calm, and I really enjoyed that about him. He's not a type a or he is type a in that he's competitive, but he's not, like, trying to out alpha people. He's very comfortable in his Andrew. Who you got? Billy of the year?

05:25

So mine it was actually a guy I randomly met. So I was at this cocktail party at a just a house in my neighborhood

So mine it was actually a guy I randomly met. So I was at this cocktail party at a just a house in my neighborhood

05:33

And I was talking to this guy, and I started asking him what he did, and he said he was in the the kind of beverage space.

And I was talking to this guy, and I started asking him what he did, and he said he was in the the kind of beverage space.

05:39

And he started saying names that I new, like, Mission Hill winery, which is like a big winery up here. And anyway, it turns out this guy's worth eight billion dollars.

And he started saying names that I new, like, Mission Hill winery, which is like a big winery up here. And anyway, it turns out this guy's worth eight billion dollars.

05:48

And he owns a beverage focused holding company called Mark Anthony Group. This guy named Anthony von Mandel,

And he owns a beverage focused holding company called Mark Anthony Group. This guy named Anthony von Mandel,

05:55

and his story is pretty crazy. So he started a little, like, wine importing business in Vancouver

and his story is pretty crazy. So he started a little, like, wine importing business in Vancouver

06:00

and,

and,

06:02

made enough money to buy a winery,

made enough money to buy a winery,

06:04

called Mission Hill, took out a ton of debt. The it was like dirt floors had only a few barrels of wine, turned it around, turned it into a real solid business.

called Mission Hill, took out a ton of debt. The it was like dirt floors had only a few barrels of wine, turned it around, turned it into a real solid business.

06:14

And then he hit it big when he was trying to diversify and he started a company called Mike's Hard lemonade, which I'm sure you guys have heard of. And this is like an insane story. Like, in the nineties, people would have fights in the liquor store over the last couple bottles of Mike's hard. It went into the states,

And then he hit it big when he was trying to diversify and he started a company called Mike's Hard lemonade, which I'm sure you guys have heard of. And this is like an insane story. Like, in the nineties, people would have fights in the liquor store over the last couple bottles of Mike's hard. It went into the states,

06:32

and so By the way, it's it's in America,

and so By the way, it's it's in America,

06:35

we, like, make fun of people who drinks. Like, it's like a joke, like, Mike's hard. Totally. Well, the idea the idea they had was, like, men are too embarrassed to drink coolers. So, like, let's make a cooler. They can kind of not be too embarrassed to drink.

we, like, make fun of people who drinks. Like, it's like a joke, like, Mike's hard. Totally. Well, the idea the idea they had was, like, men are too embarrassed to drink coolers. So, like, let's make a cooler. They can kind of not be too embarrassed to drink.

06:47

But anyway, he ended up,

But anyway, he ended up,

06:49

building that into a massive business.

building that into a massive business.

06:52

He ended up also starting white a couple years ago, which is like the same idea but healthy. And now they do one point four or sorry. Four billion dollars of revenue,

He ended up also starting white a couple years ago, which is like the same idea but healthy. And now they do one point four or sorry. Four billion dollars of revenue,

07:02

last year in twenty twenty.

last year in twenty twenty.

07:04

And the craziest thing about this guy is he owns, I believe, a hundred percent of the business, and he has no debt because he's been almost in bankruptcy multiple times. So it was just totally crazy local entrepreneur who just knocked there to the park. And I'm obsessed with these guys who have just like taken a risk. They've done it a hundred percent themselves. They didn't have VCs. They didn't have investors.

And the craziest thing about this guy is he owns, I believe, a hundred percent of the business, and he has no debt because he's been almost in bankruptcy multiple times. So it was just totally crazy local entrepreneur who just knocked there to the park. And I'm obsessed with these guys who have just like taken a risk. They've done it a hundred percent themselves. They didn't have VCs. They didn't have investors.

07:26

So just an amazing story. Wow. That's a good one. That's a good one. I didn't realize the mic's hard the company has Mike's heart also does white claw, which is amazing. It's basically a reboot

So just an amazing story. Wow. That's a good one. That's a good one. I didn't realize the mic's hard the company has Mike's heart also does white claw, which is amazing. It's basically a reboot

07:35

of the, of the similar concept.

of the, of the similar concept.

07:37

Totally. Okay. Alright. What about you? My belly of the year. So I had two. Alright. So I have,

Totally. Okay. Alright. What about you? My belly of the year. So I had two. Alright. So I have,

07:43

I have the eye roll one, which is Elon Musk, but it's for the reason that most people would think.

I have the eye roll one, which is Elon Musk, but it's for the reason that most people would think.

07:49

As you know, one of the maybe top three slogans of this podcast is bet on yourself. And Elon, several years ago, did a bet on yourself comp compensation plan that you guys probably remember. I don't know if everybody knows about this. I'll summarize it, and I'm kind of hand waving through some of the details just to be quicker about it. But basically,

As you know, one of the maybe top three slogans of this podcast is bet on yourself. And Elon, several years ago, did a bet on yourself comp compensation plan that you guys probably remember. I don't know if everybody knows about this. I'll summarize it, and I'm kind of hand waving through some of the details just to be quicker about it. But basically,

08:06

Tessel at the time, I think it was five years ago, was at about a fifty billion dollar market cap. And people who the rumor was, Elon's gonna leave, and he might

Tessel at the time, I think it was five years ago, was at about a fifty billion dollar market cap. And people who the rumor was, Elon's gonna leave, and he might

08:17

you know, go just focus on SpaceX full time, and he had a negotiation with the board and basically said, okay, I'll stay, but here's the compensation plan I want. And he sketched out a plan. He said, look, you only pay me if I increase shareholder value. And he, yeah, no guaranteed money. And he basically did it where, in rough strokes, every fifty billion in market cap they added, he would get another one percent of the company.

you know, go just focus on SpaceX full time, and he had a negotiation with the board and basically said, okay, I'll stay, but here's the compensation plan I want. And he sketched out a plan. He said, look, you only pay me if I increase shareholder value. And he, yeah, no guaranteed money. And he basically did it where, in rough strokes, every fifty billion in market cap they added, he would get another one percent of the company.

08:38

And so it was at fifty billion, so he'd have to get it to a hundred billion to get anything If he got to ninety nine, he got nothing. And so he had to get it to a hundred to get any more for all his hard work. And, I remember there's a great clip. If you go to YouTube and you goo, you just you just search for,

And so it was at fifty billion, so he'd have to get it to a hundred billion to get anything If he got to ninety nine, he got nothing. And so he had to get it to a hundred to get any more for all his hard work. And, I remember there's a great clip. If you go to YouTube and you goo, you just you just search for,

08:54

Elon Musk compensation plan, you know, CNBC. There's this clip of the anchors making fun of him because they're like, oh, yeah. And, like, you know, this plan is is unprecedented. It has this far fetched idea that if he could get over six hundred billion You know, Elon would get this huge unlock if he gets to that reward, but, you know, I think we could safely say, like, you know, it's never gonna happen. Like, you know, why even include that in there? And sure enough, this year Tesla crosses all that. He hits every single part of the compensation plan, I think. It's a two it's now a trillion dollar company.

Elon Musk compensation plan, you know, CNBC. There's this clip of the anchors making fun of him because they're like, oh, yeah. And, like, you know, this plan is is unprecedented. It has this far fetched idea that if he could get over six hundred billion You know, Elon would get this huge unlock if he gets to that reward, but, you know, I think we could safely say, like, you know, it's never gonna happen. Like, you know, why even include that in there? And sure enough, this year Tesla crosses all that. He hits every single part of the compensation plan, I think. It's a two it's now a trillion dollar company.

09:27

And, basically, the guy called his shot, he bet on himself and, and hit all of it. So I really like that, like, the betting on yourself aspect of it. So that's why I give it to Elon. But what was the second one? The second one, again, a little bit of a of a expected answer, but not not for the reason you think.

And, basically, the guy called his shot, he bet on himself and, and hit all of it. So I really like that, like, the betting on yourself aspect of it. So that's why I give it to Elon. But what was the second one? The second one, again, a little bit of a of a expected answer, but not not for the reason you think.

09:44

So vitalik Buterin, who's the co co creator of of Ethereum.

So vitalik Buterin, who's the co co creator of of Ethereum.

09:48

He's worth himself probably one point six billion, I think, as of the, based on the, like, the value of Ethereum today, something like that, one or two billion dollars.

He's worth himself probably one point six billion, I think, as of the, based on the, like, the value of Ethereum today, something like that, one or two billion dollars.

09:56

But he was, one of the, like, there's all these new projects constantly launching.

But he was, one of the, like, there's all these new projects constantly launching.

10:01

And one of the ways that projects were,

And one of the ways that projects were,

10:04

trying to get hype in marketing is that they would just send some of their project into vitalix's wallet, his public wallet,

trying to get hype in marketing is that they would just send some of their project into vitalix's wallet, his public wallet,

10:11

And they would say, look, vitalic holds our coins, so you should too.

And they would say, look, vitalic holds our coins, so you should too.

10:15

And then the other thing that they would so that was the first marketing scheme people do, like, an people fell for it. They're like, oh, if Alex's investing in this, I'll invest in it too. But, like, he didn't actually invest in it. They just sent it for free. Just shoved it in his wallet.

And then the other thing that they would so that was the first marketing scheme people do, like, an people fell for it. They're like, oh, if Alex's investing in this, I'll invest in it too. But, like, he didn't actually invest in it. They just sent it for free. Just shoved it in his wallet.

10:25

The second thing that people were doing was they were using Vitalic as sort of like a lockup. They were like, look, we sent so one one

The second thing that people were doing was they were using Vitalic as sort of like a lockup. They were like, look, we sent so one one

10:33

coin that came out, the Shiba inu coin, which is like a a dog another dog coin, like dogecoin.

coin that came out, the Shiba inu coin, which is like a a dog another dog coin, like dogecoin.

10:38

They sent I think six five or six billion dollars worth of their coin,

They sent I think six five or six billion dollars worth of their coin,

10:43

to Vitalex wallet to to essentially lock it up. They're like, look, that's all there. It can't be sold.

to Vitalex wallet to to essentially lock it up. They're like, look, that's all there. It can't be sold.

10:50

And so you're not, I can't be sold. Like, it's there. So you don't have to worry about, like, you know, who owns this thing? Vitalic owns this thing. And, it was partly marketing, and it was partly their their way of, like, locking away some of the supply.

And so you're not, I can't be sold. Like, it's there. So you don't have to worry about, like, you know, who owns this thing? Vitalic owns this thing. And, it was partly marketing, and it was partly their their way of, like, locking away some of the supply.

11:02

And what vitali did was pretty awesome. India was going through a really tough patch in COVID, so he got this thing. And what he did was he donated a billion dollars of it immediately to India

And what vitali did was pretty awesome. India was going through a really tough patch in COVID, so he got this thing. And what he did was he donated a billion dollars of it immediately to India

11:12

and then he dumped the other five billion and just burned it and just said, you know, so so that like, it would so that the price if you if you sold it all in the open market,

and then he dumped the other five billion and just burned it and just said, you know, so so that like, it would so that the price if you if you sold it all in the open market,

11:21

it would,

it would,

11:22

it would crash the price. So instead, he took five billion and just eliminated it from the pool and gave a billion dollars to India, kept none of it for himself and helped a lot of people in India out. And he did this, like, overnight as soon as he got it. And I just thought that that was, like, you know, a pretty remarkable thing from a pretty, you know, remarkable guy who He's that guy's amazing.

it would crash the price. So instead, he took five billion and just eliminated it from the pool and gave a billion dollars to India, kept none of it for himself and helped a lot of people in India out. And he did this, like, overnight as soon as he got it. And I just thought that that was, like, you know, a pretty remarkable thing from a pretty, you know, remarkable guy who He's that guy's amazing.

11:42

It's really cool. That guy and the Sam Bankman

It's really cool. That guy and the Sam Bankman

11:44

guy are some probably the two most interesting people, I think, in the world at the moment.

guy are some probably the two most interesting people, I think, in the world at the moment.

11:50

Yeah. The cool thing about this, for for those who don't remember the Sam Bank of Fried guy, he's currently the wealthiest person from crypto.

Yeah. The cool thing about this, for for those who don't remember the Sam Bank of Fried guy, he's currently the wealthiest person from crypto.

11:58

Wealthiest known person from crypto. So, you know, nobody knows who satoshi is, but Sam Bank for free is the next one. He's got, like, fifteen or twenty billion dollar net worth from crypto. Including the exchange he created.

Wealthiest known person from crypto. So, you know, nobody knows who satoshi is, but Sam Bank for free is the next one. He's got, like, fifteen or twenty billion dollar net worth from crypto. Including the exchange he created.

12:08

And,

And,

12:10

he if you taught if you listen to interviews, he's, like, not like any other crypto zealot, He just is like, he's like, yeah, I don't care about crypto. Like, I don't I don't I don't believe in it, not believing. People want this. So I made a product.

he if you taught if you listen to interviews, he's, like, not like any other crypto zealot, He just is like, he's like, yeah, I don't care about crypto. Like, I don't I don't I don't believe in it, not believing. People want this. So I made a product.

12:22

And, like, that's his whole mindset. And he also is, like, obsessed with this idea of, like, I forgot what it's called. There's some, like, a philanthropic thing he's really into, like,

And, like, that's his whole mindset. And he also is, like, obsessed with this idea of, like, I forgot what it's called. There's some, like, a philanthropic thing he's really into, like,

12:31

Sam, do you remember the name of this? It's like charitable competition or some shit like that? It's like Yeah. He basically Oh, he was basically

Sam, do you remember the name of this? It's like charitable competition or some shit like that? It's like Yeah. He basically Oh, he was basically

12:38

it basically the idea is like I'm just gonna get as wealthy as possible and give it all away to different stuff and it's okay for me to be incredibly ambitious and do this thing these

it basically the idea is like I'm just gonna get as wealthy as possible and give it all away to different stuff and it's okay for me to be incredibly ambitious and do this thing these

12:47

things really care about because I'm just giving it away anyway. And he's giving it away, like, during his lifetime. It said last year's. Alright. Breakout company. You go for Alright. Breakout company. I have,

things really care about because I'm just giving it away anyway. And he's giving it away, like, during his lifetime. It said last year's. Alright. Breakout company. You go for Alright. Breakout company. I have,

12:56

I have open sea. So just to give you a sense of open sea's crazy growth.

I have open sea. So just to give you a sense of open sea's crazy growth.

13:01

I had that too, by the way. Started in two thousand seventeen, and,

I had that too, by the way. Started in two thousand seventeen, and,

13:04

the bear market hit, like, pretty much immediately.

the bear market hit, like, pretty much immediately.

13:07

And I know people who were building, like, their competitors, and they ended up folding because it was just, like, there was no interest And these guys were, like, you know, the cockroaches that just stayed alive.

And I know people who were building, like, their competitors, and they ended up folding because it was just, like, there was no interest And these guys were, like, you know, the cockroaches that just stayed alive.

13:18

And

And

13:18

in twenty,

in twenty,

13:20

basically, they in twenty twenty, so last year, They did twenty four million dollars in GMV.

basically, they in twenty twenty, so last year, They did twenty four million dollars in GMV.

13:26

Pretty small overall.

Pretty small overall.

13:28

And they get, ten percent of that?

And they get, ten percent of that?

13:31

They have I don't know what their take rate is. Something like I think it's even lower than that. I think it's five percent or something. They Yeah. But in that range. So it was very small. Twenty four million in gross sales across the platform. Not their sales. That's what people buying from each other. So they just get a small take. This year, fifteen billion. So going from twenty four million to fifteen billion in one year, that's six hundred fifty x. To me, that's a that's a breakout company. I know we've talked about them before, so it's not a big surprise, but I I had to give it to them.

They have I don't know what their take rate is. Something like I think it's even lower than that. I think it's five percent or something. They Yeah. But in that range. So it was very small. Twenty four million in gross sales across the platform. Not their sales. That's what people buying from each other. So they just get a small take. This year, fifteen billion. So going from twenty four million to fifteen billion in one year, that's six hundred fifty x. To me, that's a that's a breakout company. I know we've talked about them before, so it's not a big surprise, but I I had to give it to them.

13:57

So I had that as well. But I came with the backup because I actually thought that you were gonna pick that. So I had open c as well. I think it's amazing that they basically just kinda created the market, and I think that's a pretty bad ass. Or at least they're part of a market that is was nonexistent a couple years ago. Alright. So my second one is someone who we talked about. I'm gonna botch his first name, but his last name is Lovell. What's his first name? Peter Lovel? Peter.

So I had that as well. But I came with the backup because I actually thought that you were gonna pick that. So I had open c as well. I think it's amazing that they basically just kinda created the market, and I think that's a pretty bad ass. Or at least they're part of a market that is was nonexistent a couple years ago. Alright. So my second one is someone who we talked about. I'm gonna botch his first name, but his last name is Lovell. What's his first name? Peter Lovel? Peter.

14:20

P is it Peter? Is it just Peter? I thought okay. I think it's Peter. I thought it was a a weird picture. Peter just to buy. I thought it was Pater, to be honest, but I'm gonna call him Peter. Alright. So this guy is Peter, like a Pater. That's how we're gonna That's what I thought it was. I thought there was an eye in there in some weird area. Alright. But we talked about this guy a couple episodes ago, but I've actually been paying attention to him for, like, three years And as far as I can tell, it's a one person business.

P is it Peter? Is it just Peter? I thought okay. I think it's Peter. I thought it was a a weird picture. Peter just to buy. I thought it was Pater, to be honest, but I'm gonna call him Peter. Alright. So this guy is Peter, like a Pater. That's how we're gonna That's what I thought it was. I thought there was an eye in there in some weird area. Alright. But we talked about this guy a couple episodes ago, but I've actually been paying attention to him for, like, three years And as far as I can tell, it's a one person business.

14:45

And for the longest time, he would reveal all of his revenue. And for years, it was like two or three hundred thousand dollars a year in revenue. And he has a bunch of different products. He's got nomad list dot com, remote okay dot com, workers dot co. He have even has a cool website called rebase is all about going to, Portugal, moving to Portugal. So he's got like eight different websites. For the longest time, only like three, four, five hundred thousand dollars a year in revenue, like, neat, but not that cool. This year, he got close to five million in revenue. And for a one person internet business, that's pretty phenomenal.

And for the longest time, he would reveal all of his revenue. And for years, it was like two or three hundred thousand dollars a year in revenue. And he has a bunch of different products. He's got nomad list dot com, remote okay dot com, workers dot co. He have even has a cool website called rebase is all about going to, Portugal, moving to Portugal. So he's got like eight different websites. For the longest time, only like three, four, five hundred thousand dollars a year in revenue, like, neat, but not that cool. This year, he got close to five million in revenue. And for a one person internet business, that's pretty phenomenal.

15:17

And the remote thing has basically

And the remote thing has basically

15:19

kinda caught up with him and he's crushing it. And this guy's an artist. I love him. I think so. He's kind of his own entity. And I think that he, for me, was the breakout person in the year behind opens. Yeah. I think, like, that guy kinda has my dream life, which is funny that I say that because I do own similar businesses.

kinda caught up with him and he's crushing it. And this guy's an artist. I love him. I think so. He's kind of his own entity. And I think that he, for me, was the breakout person in the year behind opens. Yeah. I think, like, that guy kinda has my dream life, which is funny that I say that because I do own similar businesses.

15:36

But I've always I've always like fetishized the idea of being a one person entrepreneur and being able to do that level of revenue. I just kinda got ahead of myself, and it's interesting. I think I have a lot of respect for him because I think he still shares his numbers. Most of the guys that get to the scale they almost always stop sharing because everyone realizes how much money they're making. I have a story of a guy who's gonna come on the pod soon. And he, I've been talking to him, and he made,

But I've always I've always like fetishized the idea of being a one person entrepreneur and being able to do that level of revenue. I just kinda got ahead of myself, and it's interesting. I think I have a lot of respect for him because I think he still shares his numbers. Most of the guys that get to the scale they almost always stop sharing because everyone realizes how much money they're making. I have a story of a guy who's gonna come on the pod soon. And he, I've been talking to him, and he made,

16:04

ten million a year in profit

ten million a year in profit

16:07

in the early two thousands

in the early two thousands

16:09

from, a mute, a lyric website.

from, a mute, a lyric website.

16:12

That was around for years. So I have a one person. Was it Milan? No.

That was around for years. So I have a one person. Was it Milan? No.

16:18

But he is, because similar similar story. He's a he's a Russian Jewish guy. Is that guy a Russian Jewish guy? Didn't that didn't that guy also make like a dragon I don't know if he's

But he is, because similar similar story. He's a he's a Russian Jewish guy. Is that guy a Russian Jewish guy? Didn't that didn't that guy also make like a dragon I don't know if he's

16:27

Not a dream company European? Oh, my guy? No. Okay. That guy in Maloon. Didn't he do something else that's really remarkable now? Like, he did the lyrics thing. And isn't he doing some other interesting stuff?

Not a dream company European? Oh, my guy? No. Okay. That guy in Maloon. Didn't he do something else that's really remarkable now? Like, he did the lyrics thing. And isn't he doing some other interesting stuff?

16:37

He works at Expa.

He works at Expa.

16:38

He's a partner at Expa. Gotcha. Andrew, who do you have? Sam has this, like, weird indie breakout company. That's not a company. It's Okay. Bro, I chose OC. That's that's the most obvious one. I chose that. I chose that one too, so I had to get unique. So far, I'm mister obvious. Sam's mister Stuck up. And, let's see if Andrew's got something good here. So I wasn't trying to be better. I was just trying to be different.

He's a partner at Expa. Gotcha. Andrew, who do you have? Sam has this, like, weird indie breakout company. That's not a company. It's Okay. Bro, I chose OC. That's that's the most obvious one. I chose that. I chose that one too, so I had to get unique. So far, I'm mister obvious. Sam's mister Stuck up. And, let's see if Andrew's got something good here. So I wasn't trying to be better. I was just trying to be different.

17:00

So so if there's one thing I really, really don't like, it's middlemen, realtors,

So so if there's one thing I really, really don't like, it's middlemen, realtors,

17:06

investment bankers, that kind of stuff. So I love this company Microacquire.

investment bankers, that kind of stuff. So I love this company Microacquire.

17:11

For a long time, if you wanted to buy a tech business, you were going to these crappy listing websites with really low like, really sketchy sites with really low quality businesses

For a long time, if you wanted to buy a tech business, you were going to these crappy listing websites with really low like, really sketchy sites with really low quality businesses

17:21

and this guy, Andrew basically came along and started this company called Microwire,

and this guy, Andrew basically came along and started this company called Microwire,

17:26

and it's for,

and it's for,

17:27

generally like profitable SaaS businesses

generally like profitable SaaS businesses

17:30

on the web. And he's just done a really, really nice job of doing it. I'd say it's kinda like Zillow for buying a tech business.

on the web. And he's just done a really, really nice job of doing it. I'd say it's kinda like Zillow for buying a tech business.

17:38

And I I, you know, he hadn't replaced Flippa and all these other kind of crappy websites. So, I'm a big fan of what he's doing. And he's taking fights with people. Like ten million bucks. Or something like that. We're we're all investors, I think. Right?

And I I, you know, he hadn't replaced Flippa and all these other kind of crappy websites. So, I'm a big fan of what he's doing. And he's taking fights with people. Like ten million bucks. Or something like that. We're we're all investors, I think. Right?

17:49

I am.

I am.

17:51

I I didn't invest, but but, I think it's a good one. I invested a small, a very small amount, like, five thousand dollars or one thousand dollars or something like tiny. I did. But he, he's picking fights with people online too. He's kinda making himself to be kind of a villain to a certain group of people which we'll see if that ends up being, a good idea. Who is he going after?

I I didn't invest, but but, I think it's a good one. I invested a small, a very small amount, like, five thousand dollars or one thousand dollars or something like tiny. I did. But he, he's picking fights with people online too. He's kinda making himself to be kind of a villain to a certain group of people which we'll see if that ends up being, a good idea. Who is he going after?

18:10

I forget. The funny thing is, I think he's going after, like, he's basically saying, like, he he went after two groups. So he's, like, first, like, bootstrappers

I forget. The funny thing is, I think he's going after, like, he's basically saying, like, he he went after two groups. So he's, like, first, like, bootstrappers

18:17

need, like, some love, like, you know, if you're a profitable company, like, why is that getting no attention? And then the second thing is he's going after TechCrunch because they don't cover those types of companies. They just they basically work for the VCs. Is kinda like his angle. It's like it's a good angle. He created a a rival publication, I think, called the bootstrappers,

need, like, some love, like, you know, if you're a profitable company, like, why is that getting no attention? And then the second thing is he's going after TechCrunch because they don't cover those types of companies. They just they basically work for the VCs. Is kinda like his angle. It's like it's a good angle. He created a a rival publication, I think, called the bootstrappers,

18:35

to just take a shot at Tech Crunch.

to just take a shot at Tech Crunch.

18:37

Have, like, I will cover these companies if you guys aren't going to. But then the only hypocrisy is that he's raising a bunch of venture capital. So I think, you know, that part, you know, breaks down a little bit But I think he's doing a good job of picking a fight. And there's this general's Twitter strategy, which is if you, like, totally sell out to your mission, which is, like, both a good and a bad thing. You could just, like, there's a guy who,

Have, like, I will cover these companies if you guys aren't going to. But then the only hypocrisy is that he's raising a bunch of venture capital. So I think, you know, that part, you know, breaks down a little bit But I think he's doing a good job of picking a fight. And there's this general's Twitter strategy, which is if you, like, totally sell out to your mission, which is, like, both a good and a bad thing. You could just, like, there's a guy who,

18:59

as friendly with a Chris herd,

as friendly with a Chris herd,

19:02

He created a company that's around remote work, and they help basically, like, manage companies like laptops and desks, their desk set up when you work from home, they'll help you as a company manager worker's desk setups.

He created a company that's around remote work, and they help basically, like, manage companies like laptops and desks, their desk set up when you work from home, they'll help you as a company manager worker's desk setups.

19:14

And, so he just every tweet is just about how remote work is taking over and how everything else is gonna die. And it'll just be he's just that's the propaganda machine and you just keep beating that drum every day. Every day. He just keeps talking about how the office is dead. Remote work is going up, but he cannot be wrong. And, yeah, and then it's just like, you know, a total, like, brainwashing of content. But, you know, it's it's pretty effective when people do do that. I I can't really bring myself to do that exactly, but it works. Okay. So who,

And, so he just every tweet is just about how remote work is taking over and how everything else is gonna die. And it'll just be he's just that's the propaganda machine and you just keep beating that drum every day. Every day. He just keeps talking about how the office is dead. Remote work is going up, but he cannot be wrong. And, yeah, and then it's just like, you know, a total, like, brainwashing of content. But, you know, it's it's pretty effective when people do do that. I I can't really bring myself to do that exactly, but it works. Okay. So who,

19:42

I would give it to open sea. Oh, I'm getting it. Okay. Great. I love it.

I would give it to open sea. Oh, I'm getting it. Okay. Great. I love it.

19:47

Right? Yeah. Great. I'll Micro acquire is cool, but open c is just there's levels. And micro honestly, I I would do yours, man. I think,

Right? Yeah. Great. I'll Micro acquire is cool, but open c is just there's levels. And micro honestly, I I would do yours, man. I think,

19:56

yours is the most unique. Right? I think OpenC had a big win, but it's like, you know, I think venture backed

yours is the most unique. Right? I think OpenC had a big win, but it's like, you know, I think venture backed

20:02

kind of like of the moment crypto stuff. Mine, I think everyone knows about, but I think what Peter's doing is very unique.

kind of like of the moment crypto stuff. Mine, I think everyone knows about, but I think what Peter's doing is very unique.

20:09

And it's just When you think about lifestyle, I think he is the best possible lifestyle of any of the people you have. And what's a story where, a guy goes to a party hosted by whoever, like, you know, some Rockefeller type. It's like, you know, and the his friend is saying, this guy's the richest man in the world. He's got everything. He's got this. He's got that. He's got cars. He's got servants. He's got everything. And then the guy who was the guest goes, yeah, but I have something he'll never have enough. Enough. And, yeah. And that's the Kurt vonnegut. Yeah. It was Kurt vonnegut and Joseph Heller, I think. Right? Mhmm. So that's the the version of, you know, Andrew, you had Peter levels, but you you didn't have enough and so you kept going. And there's a part of you that MB is not that lifestyle still. Alright. We're giving it to Sam. Once you start once you start once you get an office, once you have employees, you have this B to feed, whereas Peter could just check out.

And it's just When you think about lifestyle, I think he is the best possible lifestyle of any of the people you have. And what's a story where, a guy goes to a party hosted by whoever, like, you know, some Rockefeller type. It's like, you know, and the his friend is saying, this guy's the richest man in the world. He's got everything. He's got this. He's got that. He's got cars. He's got servants. He's got everything. And then the guy who was the guest goes, yeah, but I have something he'll never have enough. Enough. And, yeah. And that's the Kurt vonnegut. Yeah. It was Kurt vonnegut and Joseph Heller, I think. Right? Mhmm. So that's the the version of, you know, Andrew, you had Peter levels, but you you didn't have enough and so you kept going. And there's a part of you that MB is not that lifestyle still. Alright. We're giving it to Sam. Once you start once you start once you get an office, once you have employees, you have this B to feed, whereas Peter could just check out.

20:57

Right. I one of these days, we should do a story of someone who has done that, who went one way, and then just said, ah, fuck it. We're gonna go the opposite

Right. I one of these days, we should do a story of someone who has done that, who went one way, and then just said, ah, fuck it. We're gonna go the opposite

21:05

and went back. I love those service. Alright. I get this one.

and went back. I love those service. Alright. I get this one.

21:09

Alright. So,

Alright. So,

21:10

the unsexy simple business that you saw this year, I'll go first We talked about it. This guy named Quinn. I think his name is Quinn Emmett. Is that the guy's name? It's Snyder. Right?

the unsexy simple business that you saw this year, I'll go first We talked about it. This guy named Quinn. I think his name is Quinn Emmett. Is that the guy's name? It's Snyder. Right?

21:19

Is it Snyder? I don't remember what it was. Oh, shit. But he had a vent He had a vending machine business,

Is it Snyder? I don't remember what it was. Oh, shit. But he had a vent He had a vending machine business,

21:24

and he start he was just working in sales at, like, some tech company. And I I did, like, a little check up on him He's doing like three thirty thousand dollars a month in revenue and half of that is profit. And he basically started with fifteen hundred dollars. He's got, some vending machines throughout his city. I forget where he is. California, I think. Started with fifteen hundred dollars. Now he has software that tells him when the things need to get refilled. He says he only works ten hours a week on it. I think that's pretty cool. I think that's pretty awesome.

and he start he was just working in sales at, like, some tech company. And I I did, like, a little check up on him He's doing like three thirty thousand dollars a month in revenue and half of that is profit. And he basically started with fifteen hundred dollars. He's got, some vending machines throughout his city. I forget where he is. California, I think. Started with fifteen hundred dollars. Now he has software that tells him when the things need to get refilled. He says he only works ten hours a week on it. I think that's pretty cool. I think that's pretty awesome.

21:53

I love that. By the way, Quinn Snyder is a basketball coach so definitely not he's definitely not Quinnstein or something else. I think it was Emit, Quinn.

I love that. By the way, Quinn Snyder is a basketball coach so definitely not he's definitely not Quinnstein or something else. I think it was Emit, Quinn.

22:01

Andrew, who you got for best unsexy or simple business that you saw this year. I feel like you see economies. This is probably the easiest category for you.

Andrew, who you got for best unsexy or simple business that you saw this year. I feel like you see economies. This is probably the easiest category for you.

22:09

I see a lot And I looked I looked at a bunch of ones that people had brought us and I just I can't really share, but I this is when I came across recently that I think is genius. So Some guy,

I see a lot And I looked I looked at a bunch of ones that people had brought us and I just I can't really share, but I this is when I came across recently that I think is genius. So Some guy,

22:20

he went and he basically built a fake interior of a private jet in Los Angeles. Like, they used, like, a movie set or whatever. And then they just rent it out to influencers so that they can take photos where it looks like they're on a private jet, but they're not. And they charge seventy bucks an hour. I think it's booked out like twelve hours a day. Probably doing like twenty to forty k a month, and I can't imagine the margins would be less than eighty percent. And I was like, that's fucking amazing. You could just build this thing, hire a bunch of people in the movie business to build it over a weekend, and then, you know, you can own that for, like, years. What was it called?

he went and he basically built a fake interior of a private jet in Los Angeles. Like, they used, like, a movie set or whatever. And then they just rent it out to influencers so that they can take photos where it looks like they're on a private jet, but they're not. And they charge seventy bucks an hour. I think it's booked out like twelve hours a day. Probably doing like twenty to forty k a month, and I can't imagine the margins would be less than eighty percent. And I was like, that's fucking amazing. You could just build this thing, hire a bunch of people in the movie business to build it over a weekend, and then, you know, you can own that for, like, years. What was it called?

22:53

It's LA private jet studio. It's on pure space, which is like a,

It's LA private jet studio. It's on pure space, which is like a,

22:57

a photo photo,

a photo photo,

22:59

shoot, like, a studio listing.

shoot, like, a studio listing.

23:02

That is so That's a great one. Alright. I have one. I'm gonna steal this from our friend of the pod, Cody Sanchez. Sam, you sent this link earlier, and I think this is a great one. Did you take the one that I sent you? Because she has a bunch of good ones. That's the one I'm I'm taking. It was better than the one I had. So I was like, oh, this is we'll use this one instead. So she by the way, Her TikTok is blown up. So she's always on my I know. She's crazy. Dude, her last one just got ten million views. That's insane. Like, her she has half a million followers on TikTok. I always see them when I'm because I use TikTok a bunch. And I'm always like, oh, like, I was in my head, I would just see, like, I don't know, thirty comments. I'd be like, oh, you know,

That is so That's a great one. Alright. I have one. I'm gonna steal this from our friend of the pod, Cody Sanchez. Sam, you sent this link earlier, and I think this is a great one. Did you take the one that I sent you? Because she has a bunch of good ones. That's the one I'm I'm taking. It was better than the one I had. So I was like, oh, this is we'll use this one instead. So she by the way, Her TikTok is blown up. So she's always on my I know. She's crazy. Dude, her last one just got ten million views. That's insane. Like, her she has half a million followers on TikTok. I always see them when I'm because I use TikTok a bunch. And I'm always like, oh, like, I was in my head, I would just see, like, I don't know, thirty comments. I'd be like, oh, you know,

23:38

takes off so hard. And like when I saw that it actually has added up, it's just, you know, yet another reminder of the value of just keep going compound the the the the wanes over time. So she was doing this thing. She goes, here's a boring business that,

takes off so hard. And like when I saw that it actually has added up, it's just, you know, yet another reminder of the value of just keep going compound the the the the wanes over time. So she was doing this thing. She goes, here's a boring business that,

23:52

that that you love.

that that you love.

23:53

And,

And,

23:54

it's called American striping.

it's called American striping.

23:56

And all it is is this woman owns this business, and it just paints

And all it is is this woman owns this business, and it just paints

24:01

the white line that you need for, like, a road, like, lane, basically, or like a parking spot. You know, it's like, I need to paint these white straight lines. And since she has this company, American striping, I think it started about three years ago.

the white line that you need for, like, a road, like, lane, basically, or like a parking spot. You know, it's like, I need to paint these white straight lines. And since she has this company, American striping, I think it started about three years ago.

24:14

And, you know, four hundred thousand dollars the first year, seven million the second year, fifteen million almost the third year, and just crushing it. Just absolutely crushing it. And according to Cody, seventy percent profit. Yeah. Exactly. Some of the sixty, seventy percent profit margins.

And, you know, four hundred thousand dollars the first year, seven million the second year, fifteen million almost the third year, and just crushing it. Just absolutely crushing it. And according to Cody, seventy percent profit. Yeah. Exactly. Some of the sixty, seventy percent profit margins.

24:30

I don't know. I don't know. I don't know much about it because again, my research was watching this TikTok five minutes before this pod, but,

I don't know. I don't know. I don't know much about it because again, my research was watching this TikTok five minutes before this pod, but,

24:35

what a beautiful business and what a, you know, what a great reminder that, like,

what a beautiful business and what a, you know, what a great reminder that, like,

24:41

you know, you you read about Elon Musk and you're like, oh, I have to, like, send rockets to Mars, and then you read about the girl who's like, I drop straight white lines, and I can make millions of dollars a year. And it just reminds you, you know, you can win the game any any way. So She's my pick. I love that. I, I'd vote for that one. Okay. I'm I'm gonna take that in honor of of Cody. So we are at one one one right now. So we're we're one each. By the way, I have a, a little honorable mention here. An unsexy business does done extremely well. Have you guys looked at Crox stock?

you know, you you read about Elon Musk and you're like, oh, I have to, like, send rockets to Mars, and then you read about the girl who's like, I drop straight white lines, and I can make millions of dollars a year. And it just reminds you, you know, you can win the game any any way. So She's my pick. I love that. I, I'd vote for that one. Okay. I'm I'm gonna take that in honor of of Cody. So we are at one one one right now. So we're we're one each. By the way, I have a, a little honorable mention here. An unsexy business does done extremely well. Have you guys looked at Crox stock?

25:11

Yeah. Crushing it. It's the post malone.

Yeah. Crushing it. It's the post malone.

25:14

Dude, twenty twenty when the pandemic happened. So March twenty twenty, you could you could have bought a pair of crocs, for I don't know how much crocs go for. Let's call it a hundred bucks. Maybe there's a little less.

Dude, twenty twenty when the pandemic happened. So March twenty twenty, you could you could have bought a pair of crocs, for I don't know how much crocs go for. Let's call it a hundred bucks. Maybe there's a little less.

25:24

You could buy a pair of crocs, and you could buy the stock for ten dollars a share. It's now up thirteen x in one year, just during the the pandemic was good to crocs.

You could buy a pair of crocs, and you could buy the stock for ten dollars a share. It's now up thirteen x in one year, just during the the pandemic was good to crocs.

25:34

And, I just thought that was like an amazing winner

And, I just thought that was like an amazing winner

25:36

out of this, like, pandemic time. Is it post tomorrow? Is that who's driving it? He was he kinda hopped on that trend really early. And then they created this new thing called, like, crocs. I forget what they're called, but they're, like, charms that you've put on your crocs. And if you drive around the Midwest or in the south, like, how do we make it? What could we do? Let's dangle arm's awful.

out of this, like, pandemic time. Is it post tomorrow? Is that who's driving it? He was he kinda hopped on that trend really early. And then they created this new thing called, like, crocs. I forget what they're called, but they're, like, charms that you've put on your crocs. And if you drive around the Midwest or in the south, like, how do we make it? What could we do? Let's dangle arm's awful.

25:56

Do you know what I'm talking about? Like, you know, my wife is obsessed with these and she buys them for our kids and puts them on that grass. Yeah. It's like, like, you get, like, a soccer ball like pin or like a football pin or like some cartoon,

Do you know what I'm talking about? Like, you know, my wife is obsessed with these and she buys them for our kids and puts them on that grass. Yeah. It's like, like, you get, like, a soccer ball like pin or like a football pin or like some cartoon,

26:08

and the kids are obsessed with it, and they're crushing it right now. Post Malone, started making them popular. And a lot of country

and the kids are obsessed with it, and they're crushing it right now. Post Malone, started making them popular. And a lot of country

26:16

music people, like Luke combs, so you probably have no idea who that is. Started wearing camouflage crocs.

music people, like Luke combs, so you probably have no idea who that is. Started wearing camouflage crocs.

26:22

Gotcha. Yeah. Who knew?

Gotcha. Yeah. Who knew?

26:24

Who knew?

Who knew?

26:25

By the way, Sam, I got another real quick pop quiz for you.

By the way, Sam, I got another real quick pop quiz for you.

26:29

Hands up, so I see you're not, and you're not looking it up.

Hands up, so I see you're not, and you're not looking it up.

26:32

I want you to guess the monthly visitors to only fans dot com.

I want you to guess the monthly visitors to only fans dot com.

26:36

Twenty million a month?

Twenty million a month?

26:38

Okay. You're close. It's two hundred fifty million. Tell you're off by ten x, an order of magnitude. Is it really? That was gonna be my other unsexy business was actually the business of sexy

Okay. You're close. It's two hundred fifty million. Tell you're off by ten x, an order of magnitude. Is it really? That was gonna be my other unsexy business was actually the business of sexy

26:47

which was like, I had no idea they they get two hundred fifty million visitors per month. That's insane. That'd be one of the top websites in the world. Then there's another one called chatterbait. That's, you know, a, you know, a broke man's version of only fans saying it's three hundred million. Oh my god. It's insane.

which was like, I had no idea they they get two hundred fifty million visitors per month. That's insane. That'd be one of the top websites in the world. Then there's another one called chatterbait. That's, you know, a, you know, a broke man's version of only fans saying it's three hundred million. Oh my god. It's insane.

27:02

So, you know, but didn't didn't only fans Did they say that they're no longer allowing nudity? They did for a second, and then they reversed course on that. Stupid. They reversed the pornhub saying, like, no more porn. Yeah. Facebook's, like, no more photos, you know, it doesn't work. That's so stupid.

So, you know, but didn't didn't only fans Did they say that they're no longer allowing nudity? They did for a second, and then they reversed course on that. Stupid. They reversed the pornhub saying, like, no more porn. Yeah. Facebook's, like, no more photos, you know, it doesn't work. That's so stupid.

27:17

By the way, average visit duration, four minutes.

By the way, average visit duration, four minutes.

27:22

Alright. We'll go to the next category.

Alright. We'll go to the next category.

27:24

Your best investment. Okay. So what was your best investment of twenty twenty one?

Your best investment. Okay. So what was your best investment of twenty twenty one?

27:29

Let's kick it off with Andrew.

Let's kick it off with Andrew.

27:31

So,

So,

27:33

I would

I would

27:34

the boring answer is aeropress. I but I've already talked about that on the pod.

the boring answer is aeropress. I but I've already talked about that on the pod.

27:38

We we bought that maybe four or five months ago, and that's been awesome so far, but that story hasn't played out yet. So the one and I we haven't really done that much in the last year. So the best one,

We we bought that maybe four or five months ago, and that's been awesome so far, but that story hasn't played out yet. So the one and I we haven't really done that much in the last year. So the best one,

27:49

thing that I've been buying myself,

thing that I've been buying myself,

27:52

is actually a company called Pershing Square Holdings. I don't think I've talked about it.

is actually a company called Pershing Square Holdings. I don't think I've talked about it.

27:57

So I have about ninety five percent of my net worth in tiny and are kind of core businesses.

So I have about ninety five percent of my net worth in tiny and are kind of core businesses.

28:02

But I've been quietly building kind of a backup forever rich retirement port folio

But I've been quietly building kind of a backup forever rich retirement port folio

28:07

of stocks, real estate, brick and mortar businesses. We own a chain of restaurants. We own a hotel. Wait. What restaurant you? Conventional stuff.

of stocks, real estate, brick and mortar businesses. We own a chain of restaurants. We own a hotel. Wait. What restaurant you? Conventional stuff.

28:15

I just own a bunch of restaurants in Victoria. What is that? We own a hotel in Saint Louis.

I just own a bunch of restaurants in Victoria. What is that? We own a hotel in Saint Louis.

28:20

Oh, Marshall?

Oh, Marshall?

28:22

Yeah. Yeah. With Marshall exactly. It's the hotel business school.

Yeah. Yeah. With Marshall exactly. It's the hotel business school.

28:26

It's amazing. And, basically, we bought this

It's amazing. And, basically, we bought this

28:30

that we bought like a apartment building and converted it into all Airbnb. And we took it from we bought it super cheap, and now it's yielding. A billionaire? Maybe you're my billy of the year.

that we bought like a apartment building and converted it into all Airbnb. And we took it from we bought it super cheap, and now it's yielding. A billionaire? Maybe you're my billy of the year.

28:40

I don't think not yet.

I don't think not yet.

28:42

Working on it. Alright. It sounds like, sounds like you had to think about it. That means you you might be round up into it.

Working on it. Alright. It sounds like, sounds like you had to think about it. That means you you might be round up into it.

28:49

No. No. I don't I don't think I am.

No. No. I don't I don't think I am.

28:52

I I don't really I I don't really have, like, a good picture on that stuff. That's a good answer, though. I don't businesses If the answer is I don't think I am, then the answer, then then that's a good sign. Yeah. What's that? P people say I don't I don't I don't spend a lot of don't spend a lot of time on that stuff because, you know, a lot of people who are billionaires on paper, like, you know, it doesn't really matter. Right? You could invest in some startup. It could get valued at twenty billion dollars. You can own one percent, whatever. Like, I I just don't. I don't spend too much time on that. So anyway,

I I don't really I I don't really have, like, a good picture on that stuff. That's a good answer, though. I don't businesses If the answer is I don't think I am, then the answer, then then that's a good sign. Yeah. What's that? P people say I don't I don't I don't spend a lot of don't spend a lot of time on that stuff because, you know, a lot of people who are billionaires on paper, like, you know, it doesn't really matter. Right? You could invest in some startup. It could get valued at twenty billion dollars. You can own one percent, whatever. Like, I I just don't. I don't spend too much time on that. So anyway,

29:21

I've been thinking about this, and I go if everything goes pear shaped, I wanna still be rich, and I wanna have enough money to live a great life. But isn't And that's by that guy you like. Right? Bill Ackman.

I've been thinking about this, and I go if everything goes pear shaped, I wanna still be rich, and I wanna have enough money to live a great life. But isn't And that's by that guy you like. Right? Bill Ackman.

29:33

Yeah. Yeah. So I've been following Bill for five or six years, and I found that you had this holding company called Pershing Square Holdings. And what he did is really smart So he he had a hedge fund and when you have a hedge fund, you have a whole bunch of investors and they they give you cash to invest. But at any given time, they can freak out and they can take their money back. So you could be in a down, you know, down, you could own an amazing business and you could be forced to sell at the wrong time because an investor redeems And so he created this holding company in Amsterdam.

Yeah. Yeah. So I've been following Bill for five or six years, and I found that you had this holding company called Pershing Square Holdings. And what he did is really smart So he he had a hedge fund and when you have a hedge fund, you have a whole bunch of investors and they they give you cash to invest. But at any given time, they can freak out and they can take their money back. So you could be in a down, you know, down, you could own an amazing business and you could be forced to sell at the wrong time because an investor redeems And so he created this holding company in Amsterdam.

30:03

I think he raised four billion dollars,

I think he raised four billion dollars,

30:06

and he called it Pershing Square Holdings, and it's basically a public holding company that just owns a bunch of stocks. And it owns really great stuff. It owns Chipotle, Domino's

and he called it Pershing Square Holdings, and it's basically a public holding company that just owns a bunch of stocks. And it owns really great stuff. It owns Chipotle, Domino's

30:16

Hilton,

Hilton,

30:17

Lowe's, restaurant brands international, so like Burger King Popeyes, that kind of stuff, and universal music. And so it's this really diversified

Lowe's, restaurant brands international, so like Burger King Popeyes, that kind of stuff, and universal music. And so it's this really diversified

30:24

blue chip stock portfolio

blue chip stock portfolio

30:26

And as I dug into it, I realized that it perpetually trades at a discount to the net assets there. So if there's a hundred dollars worth of stocks, it trades at about seventy dollars. Meaning that the market could go down thirty percent before you've lost any money in the in the portfolio

And as I dug into it, I realized that it perpetually trades at a discount to the net assets there. So if there's a hundred dollars worth of stocks, it trades at about seventy dollars. Meaning that the market could go down thirty percent before you've lost any money in the in the portfolio

30:44

then on top of that, you have Bill Ackman managing your money and he does crazy shit. Like he last year, he turned twenty five million dollars into two point seven billion.

then on top of that, you have Bill Ackman managing your money and he does crazy shit. Like he last year, he turned twenty five million dollars into two point seven billion.

30:52

And I got to ride along with him on that. So anyway, I've been buying that, almost exclusively.

And I got to ride along with him on that. So anyway, I've been buying that, almost exclusively.

30:59

I've got probably like sixty percent of my portfolio in this, and I just keep buying more and more every month. And I've quadrupled my money, I think, over the last couple of years. Did he do the that that crazy trade that he made last year, the COVID trade, was that out of these vehicles or that was out of a separate vehicle?

I've got probably like sixty percent of my portfolio in this, and I just keep buying more and more every month. And I've quadrupled my money, I think, over the last couple of years. Did he do the that that crazy trade that he made last year, the COVID trade, was that out of these vehicles or that was out of a separate vehicle?

31:16

Yeah. That was in this vehicle.

Yeah. That was in this vehicle.

31:17

And anyone could have bought that. You told me about this. They didn't buy it. Actually, last last year or something like that. Oh, yeah. That's Yeah. You've talked about this. You like

And anyone could have bought that. You told me about this. They didn't buy it. Actually, last last year or something like that. Oh, yeah. That's Yeah. You've talked about this. You like

31:26

Okay. Great. So that's a good one. Sam, what you got? Your best investment?

Okay. Great. So that's a good one. Sam, what you got? Your best investment?

31:30

I bought a I bought a a a big lot in Austin, kind of boring, but I bought a big lot in Austin. I used,

I bought a I bought a a a big lot in Austin, kind of boring, but I bought a big lot in Austin. I used,

31:38

an asset backed loan, so I used cash to buy it. Like I told them I bought it in cash in reality. It was a loan at a one percent interest rate. And I it's not the story, again, hasn't played out, but it's already appreciated because I've gotten offers on But I'll make about five hundred thousand dollars in tax free profit with very little work. And the work that I've been doing on it is fun. I'm learning a skill. I'm learning how to develop a home profitably.

an asset backed loan, so I used cash to buy it. Like I told them I bought it in cash in reality. It was a loan at a one percent interest rate. And I it's not the story, again, hasn't played out, but it's already appreciated because I've gotten offers on But I'll make about five hundred thousand dollars in tax free profit with very little work. And the work that I've been doing on it is fun. I'm learning a skill. I'm learning how to develop a home profitably.

32:01

So, that that's gonna be my it's probably not my best. Just like investing in the S and P five hundred, that's up thirty percent. That I mean, that's But that's not much of an investment. I didn't do anything. And so the, my, my Austin real estate

So, that that's gonna be my it's probably not my best. Just like investing in the S and P five hundred, that's up thirty percent. That I mean, that's But that's not much of an investment. I didn't do anything. And so the, my, my Austin real estate

32:14

project will be the most, like, actively

project will be the most, like, actively

32:17

think, active thing that I'm managing and make the most.

think, active thing that I'm managing and make the most.

32:20

That's a good one. By the way, the YouTube video on your personal YouTube channel, the, is it Sampar or the Sampar? He's great. Yeah. Just my name. You you show the the lot, the the kind of like the rundown shack that's there today. It's great. It's fun. Right? It may be it's way more in it. Watch that and what you just said will be way more entertaining. It's great.

That's a good one. By the way, the YouTube video on your personal YouTube channel, the, is it Sampar or the Sampar? He's great. Yeah. Just my name. You you show the the lot, the the kind of like the rundown shack that's there today. It's great. It's fun. Right? It may be it's way more in it. Watch that and what you just said will be way more entertaining. It's great.

32:39

But I also I feel like you might make five hundred grand, but If you'd bid five million passively, it wouldn't feel as good as Exactly. That's why I'm saying because you've done this. It's better because it's fun. Like, it's, basically, developing a skill.

But I also I feel like you might make five hundred grand, but If you'd bid five million passively, it wouldn't feel as good as Exactly. That's why I'm saying because you've done this. It's better because it's fun. Like, it's, basically, developing a skill.

32:51

And and it's been quite fun. And the tax implications are quite nice.

And and it's been quite fun. And the tax implications are quite nice.

32:56

Yeah. That's great.

Yeah. That's great.

32:57

Okay. Good. My my best investment

Okay. Good. My my best investment

32:59

gonna go with this startup that I invested. And so last year, I think it was a last year. Yeah. Last year, I created a rolling fund. And it's basically said, hey, if anybody wants to

gonna go with this startup that I invested. And so last year, I think it was a last year. Yeah. Last year, I created a rolling fund. And it's basically said, hey, if anybody wants to

33:09

invest in startups alongside me. You know, you don't have to have the network. You don't have to have the knowledge.

invest in startups alongside me. You know, you don't have to have the network. You don't have to have the knowledge.

33:15

All you gotta have is the cash. You could do this. And I was like, okay.

All you gotta have is the cash. You could do this. And I was like, okay.

33:19

I wanted to start it. I was like, I wanna start this off. I wanna make it enticing for somebody to join because you could invest in a a number of people who are professional, full time investors who've been doing this for a decade. So I was kinda thinking like, why would somebody invest in me? I said, let me juice it up a little bit. Let me put three of my personal angel investments into this,

I wanted to start it. I was like, I wanna start this off. I wanna make it enticing for somebody to join because you could invest in a a number of people who are professional, full time investors who've been doing this for a decade. So I was kinda thinking like, why would somebody invest in me? I said, let me juice it up a little bit. Let me put three of my personal angel investments into this,

33:37

deal,

deal,

33:38

into this, like, fund.

into this, like, fund.

33:39

And,

And,

33:40

So they'll be able to say, look, I I get to sort of, like, grand I get grandfathered into these deals that you've already done. That's very kind of you. And steal it. Well, it was self serving. Like, I wanted my fun to get subscribers quickly. So I was like, how do I provide more value? Here. Here's here's some free value. Now looking back, it actually has turned out to be very kind because the very first deal that I put in is a company called Deal, d e e l. And what Deal does is, It's the easiest way to hire a contractor.

So they'll be able to say, look, I I get to sort of, like, grand I get grandfathered into these deals that you've already done. That's very kind of you. And steal it. Well, it was self serving. Like, I wanted my fun to get subscribers quickly. So I was like, how do I provide more value? Here. Here's here's some free value. Now looking back, it actually has turned out to be very kind because the very first deal that I put in is a company called Deal, d e e l. And what Deal does is, It's the easiest way to hire a contractor.

34:09

So, like, I was paying I wanted to hire this guy in Australia, the guy who actually first was editing our podcast, Like, how do I pay this podcast editor in Australia?

So, like, I was paying I wanted to hire this guy in Australia, the guy who actually first was editing our podcast, Like, how do I pay this podcast editor in Australia?

34:17

And so I was like, oh, you know, do I need to go get a lawyer to make a contract? And how do I pay them in his local currency? And then What are the compliance rules around that? How much taxes do I need to pay? Like, I don't I don't understand all this. So I went to deal and literally in five minutes, I was like,

And so I was like, oh, you know, do I need to go get a lawyer to make a contract? And how do I pay them in his local currency? And then What are the compliance rules around that? How much taxes do I need to pay? Like, I don't I don't understand all this. So I went to deal and literally in five minutes, I was like,

34:31

here's the guy's name. Here's his email address. Here's where he lives. It's like, here's a contract. It's like, would you like to add a confidentiality clause Yeah. Yeah. Toss that in. It's like guac on my burrito. Like, you know, I'll I'll go for that. And then it was like, great. It's sent for signature, and the payments will come out of your bank account, and it'll pay him an Australian dollars. Automatically every month. And I was like, wow. That was, like, kinda magical.

here's the guy's name. Here's his email address. Here's where he lives. It's like, here's a contract. It's like, would you like to add a confidentiality clause Yeah. Yeah. Toss that in. It's like guac on my burrito. Like, you know, I'll I'll go for that. And then it was like, great. It's sent for signature, and the payments will come out of your bank account, and it'll pay him an Australian dollars. Automatically every month. And I was like, wow. That was, like, kinda magical.

34:51

It basically replaced, you know, what a bunch of humans would have to do.

It basically replaced, you know, what a bunch of humans would have to do.

34:55

So I loved it. So I ended up chasing down the founder, and I was like, yo, your product is amazing.

So I loved it. So I ended up chasing down the founder, and I was like, yo, your product is amazing.

35:01

How do I invest in this? And he was like, oh, you know, I'd love to have you.

How do I invest in this? And he was like, oh, you know, I'd love to have you.

35:05

And I didn't invest right then. And, then, you know, when I followed up, he was like, oh, dude, we just closed a thing. Sorry. I forgot. Like, you know, you didn't follow-up. So so I missed the first round.

And I didn't invest right then. And, then, you know, when I followed up, he was like, oh, dude, we just closed a thing. Sorry. I forgot. Like, you know, you didn't follow-up. So so I missed the first round.

35:15

And then I almost missed the second one. What was the valuation of the first one? First one might have been I don't remember exactly, but it's like a startup, you know, like, maybe twelve million cap or twenty million cap, something like that.

And then I almost missed the second one. What was the valuation of the first one? First one might have been I don't remember exactly, but it's like a startup, you know, like, maybe twelve million cap or twenty million cap, something like that.

35:25

And so, he's like, don't worry. I'll get you into the next round. I was like, okay. Great. So he messages me one day. He says, brother, like, you know, I got your spot for you next coming together. Let me know. I'm like, oh, I'm in. Twenty five k. No questions asked. He's like, great. Got you in. And I was like, oh, like, actually, you know, one question, I guess. What what is the valuation actually? What does it happen to be? And, he's like, you know, I I don't know if I could say this. Probably, I could say this. It was, like,

And so, he's like, don't worry. I'll get you into the next round. I was like, okay. Great. So he messages me one day. He says, brother, like, you know, I got your spot for you next coming together. Let me know. I'm like, oh, I'm in. Twenty five k. No questions asked. He's like, great. Got you in. And I was like, oh, like, actually, you know, one question, I guess. What what is the valuation actually? What does it happen to be? And, he's like, you know, I I don't know if I could say this. Probably, I could say this. It was, like,

35:50

million. And I was like, what? And I was like,

million. And I was like, what? And I was like,

35:54

and I was like, okay. And I didn't wanna go back on my word because I I like the product. I like the founder a lot. And I was like, I'd said I'm in. So I'm in. And I was like, oh, shit. Okay. Whatever.

and I was like, okay. And I didn't wanna go back on my word because I I like the product. I like the founder a lot. And I was like, I'd said I'm in. So I'm in. And I was like, oh, shit. Okay. Whatever.

36:04

Then I was like, you know, do you have like crazy traction? Like, how are you getting this this thing? And he's like, you know, we're doing well, but, like, you know, he told me the number. And I was like, that's an absurd valuation for thing. I was like, who's doing this deal? It was. And and Tracy was doing the deal. I was like, these guys are nuts.

Then I was like, you know, do you have like crazy traction? Like, how are you getting this this thing? And he's like, you know, we're doing well, but, like, you know, he told me the number. And I was like, that's an absurd valuation for thing. I was like, who's doing this deal? It was. And and Tracy was doing the deal. I was like, these guys are nuts.

36:19

Well, I don't know why they're doing this, but whatever. I wrote the check. Did did it anyways.

Well, I don't know why they're doing this, but whatever. I wrote the check. Did did it anyways.

36:24

It that it was valued this year at five and a half billion.

It that it was valued this year at five and a half billion.

36:29

Like, you know, two years later, They said he and they founder tweeted this out so I can share this. They ramped up revenue from four million to fifty million in ARR in one year.

Like, you know, two years later, They said he and they founder tweeted this out so I can share this. They ramped up revenue from four million to fifty million in ARR in one year.

36:38

And, they went from fifty employees to five hundred fifty employees in one year. And so this is just like an insane amount of traction that's, like, you know, actually, andresha knew what they were doing. They, you know, they they bet on this before because I think the the revenue was definitely less than four million at the time. It was re it was valued at two hundred million. And so, you know, the value investor and Andrew would have been dying in that moment. It just didn't make any sense. It didn't make sense to me even, but this has turned out to be a pretty amazing deal. You know. So if Not including dilution, which is a big factor here. So take that for what it's worth. So twelve million into five and a half billion is

And, they went from fifty employees to five hundred fifty employees in one year. And so this is just like an insane amount of traction that's, like, you know, actually, andresha knew what they were doing. They, you know, they they bet on this before because I think the the revenue was definitely less than four million at the time. It was re it was valued at two hundred million. And so, you know, the value investor and Andrew would have been dying in that moment. It just didn't make any sense. It didn't make sense to me even, but this has turned out to be a pretty amazing deal. You know. So if Not including dilution, which is a big factor here. So take that for what it's worth. So twelve million into five and a half billion is

37:13

four hundred and fifty eight. So your twenty five thousand dollars in that twelve round would have been worth over eleven million dollars. Yes. Exactly. And my buddy,

four hundred and fifty eight. So your twenty five thousand dollars in that twelve round would have been worth over eleven million dollars. Yes. Exactly. And my buddy,

37:23

Ryan, did that deal at that, at that round and, reminded me as such about, like, the crazy markup. And so, you know, The twenty five k has turned into half a million, but, man, that that's the difference between half a million and twelve million was following up.

Ryan, did that deal at that, at that round and, reminded me as such about, like, the crazy markup. And so, you know, The twenty five k has turned into half a million, but, man, that that's the difference between half a million and twelve million was following up.

37:36

Oh my god.

Oh my god.

37:38

Alright.

Alright.

37:40

So, anyway, this is my best investment or worst investment? Maybe this is my worst invested actually. I mean, twenty five k to half a million. It's good. Like, well, it would've been and then I put it in the the rolling fund. So now, you know, most of the economics went to my investors too. That's crazy. That that that mistake that's a ten million dollar mistake.

So, anyway, this is my best investment or worst investment? Maybe this is my worst invested actually. I mean, twenty five k to half a million. It's good. Like, well, it would've been and then I put it in the the rolling fund. So now, you know, most of the economics went to my investors too. That's crazy. That that that mistake that's a ten million dollar mistake.

37:55

Yeah. And it was, by the way, this is a period of, like, I don't know, less than a year between the between, like, when when one round happened and the next round happened. So, you know, could have,

Yeah. And it was, by the way, this is a period of, like, I don't know, less than a year between the between, like, when when one round happened and the next round happened. So, you know, could have,

38:05

Kitty. Yeah, coulda woulda shoulda. Alright. So who were we giving this round to? Best enforcement?

Kitty. Yeah, coulda woulda shoulda. Alright. So who were we giving this round to? Best enforcement?

38:10

Me? Okay. For my sob story, at least I have at least I have this to to lean back on. Alright. Let's go to worst investment. What was your worst investment of twenty twenty one? I'll go first. Mine's easy. Zillow.

Me? Okay. For my sob story, at least I have at least I have this to to lean back on. Alright. Let's go to worst investment. What was your worst investment of twenty twenty one? I'll go first. Mine's easy. Zillow.

38:22

I bought I'm with you on that one. Yeah. I I I only bought

I bought I'm with you on that one. Yeah. I I I only bought

38:26

three stocks, individual stocks this year. One was Playboy,

three stocks, individual stocks this year. One was Playboy,

38:30

And playboy kinda makes sense because only a billion dollar valuation, two hundred million in revenue, and I thought the brand was easily worth that. I'm actually thinking about buying Aston Martin stock. A Aston Martin is only valued at, like, one or two billion dollars. It's like the cheapest car maker, but I think they're gonna have a resurgence, so I'm thinking about doing that. But I bought playboy thinking that was my logic and I was wrong. But then Zillow was way wrong. Zillow was wrong because I bought at its most expensive point. But to tell people why we bought this stock. We bought it because we're in this chat group, and our friend Nikita and Austin Reef were like Zillow's the greatest thing ever. And so I bought, like, twenty five or fifty grand worth of Zillow. And agreed with them. I thought, yeah. You know, you're right. Like, whenever I go to a fancy neighborhood, I just pull up Zillow and I, like, browse it all the time, it's kind of a category definer, like, defining company. Like, I'm on board with Zillow. I thought, well, how much were they worth when we bought, like, fifteen or twenty? I don't know. It's it's down fifty six percent. So I bought a hundred k and now my hundred k is forty four k.

And playboy kinda makes sense because only a billion dollar valuation, two hundred million in revenue, and I thought the brand was easily worth that. I'm actually thinking about buying Aston Martin stock. A Aston Martin is only valued at, like, one or two billion dollars. It's like the cheapest car maker, but I think they're gonna have a resurgence, so I'm thinking about doing that. But I bought playboy thinking that was my logic and I was wrong. But then Zillow was way wrong. Zillow was wrong because I bought at its most expensive point. But to tell people why we bought this stock. We bought it because we're in this chat group, and our friend Nikita and Austin Reef were like Zillow's the greatest thing ever. And so I bought, like, twenty five or fifty grand worth of Zillow. And agreed with them. I thought, yeah. You know, you're right. Like, whenever I go to a fancy neighborhood, I just pull up Zillow and I, like, browse it all the time, it's kind of a category definer, like, defining company. Like, I'm on board with Zillow. I thought, well, how much were they worth when we bought, like, fifteen or twenty? I don't know. It's it's down fifty six percent. So I bought a hundred k and now my hundred k is forty four k.

39:27

Left. It made sense. Like, I don't regret it. It it I, like, I'm on board with it, but the problem was is that it went down just because, like, we were wrong. Then it went down because they fucked it up with buying all those houses, and it went down even more. Yeah. So we were wrong, like, twice. And by the way, they they they lost fifty six percent of their value in a year where the housing market went like bananas. So, you know, it's not like

Left. It made sense. Like, I don't regret it. It it I, like, I'm on board with it, but the problem was is that it went down just because, like, we were wrong. Then it went down because they fucked it up with buying all those houses, and it went down even more. Yeah. So we were wrong, like, twice. And by the way, they they they lost fifty six percent of their value in a year where the housing market went like bananas. So, you know, it's not like

39:48

There was a something out of their control in their industry that was doing poorly,

There was a something out of their control in their industry that was doing poorly,

39:52

you know, didn't

you know, didn't

39:54

didn't Rich Barton come back or something? Was he the guy he's the original founder and a really great investor.

didn't Rich Barton come back or something? Was he the guy he's the original founder and a really great investor.

40:02

Yeah. And and he came back and he tried to do the house buying stuff I would still I I would honestly make it to buy on that because I think he'll probably he'll probably pull a rabbit artist. I thought I think it's a great company. It's awesome. I think basically what happened was a a bunch of bad stuff happened including one TikTok went really viral explaining how like they're evil because they're like big corporations buying hundreds of homes. And that totally fucked him. If anyone's

Yeah. And and he came back and he tried to do the house buying stuff I would still I I would honestly make it to buy on that because I think he'll probably he'll probably pull a rabbit artist. I thought I think it's a great company. It's awesome. I think basically what happened was a a bunch of bad stuff happened including one TikTok went really viral explaining how like they're evil because they're like big corporations buying hundreds of homes. And that totally fucked him. If anyone's

40:26

The fact TikTok is the winner of the year. The fact that they haven't disintermediated

The fact TikTok is the winner of the year. The fact that they haven't disintermediated

40:31

real realtors though, like, the fact you can't or maybe you can and I'm just not aware, but I just wanna be able to list my house on Zillow and then have a open out cry auction one day, like, where you say, like, on this day, I wanna have an auction. Everyone's gonna bid, and then we'll get the maximum price, and they do all the paperwork. Like, that would be I invested in the company. I invested in the company that does that. They work all the rumor. Kind of a silly name, but they rechange it to also a silly name. It's called Dorcey.

real realtors though, like, the fact you can't or maybe you can and I'm just not aware, but I just wanna be able to list my house on Zillow and then have a open out cry auction one day, like, where you say, like, on this day, I wanna have an auction. Everyone's gonna bid, and then we'll get the maximum price, and they do all the paperwork. Like, that would be I invested in the company. I invested in the company that does that. They work all the rumor. Kind of a silly name, but they rechange it to also a silly name. It's called Dorcey.

40:56

So,

So,

40:57

yeah. It's I gotta Dorcey's not bad. I I like Dorcey. So

yeah. It's I gotta Dorcey's not bad. I I like Dorcey. So

41:01

door is he's fine. It's like the word door and then s e y.

door is he's fine. It's like the word door and then s e y.

41:05

And, it's a live home auction. And, it started by the guy who started Hello Alfred.

And, it's a live home auction. And, it started by the guy who started Hello Alfred.

41:10

Kind of a cool company. I just sent it to you in the chat. Yeah. So Zillow was your worst investment.

Kind of a cool company. I just sent it to you in the chat. Yeah. So Zillow was your worst investment.

41:16

Hey. Just, before we jump, but I wanna know about playboy. So what's the what's the thesis there? Like, they still have the magazine. Obviously, it's kind of a, you know, there's a lot of legacy

Hey. Just, before we jump, but I wanna know about playboy. So what's the what's the thesis there? Like, they still have the magazine. Obviously, it's kind of a, you know, there's a lot of legacy

41:28

where where is the money coming from? Yeah. Merchandise,

where where is the money coming from? Yeah. Merchandise,

41:31

basically.

basically.

41:32

And so they own the they they own the Playboy mansion, which is worth

And so they own the they they own the Playboy mansion, which is worth

41:36

nine figures, I believe. And they recently did a spec

nine figures, I believe. And they recently did a spec

41:40

in two thousand and twenty. And so they reported two hundred million dollars in revenue in two thousand twenty one, or that's what the forecast is gonna be when I invested, I think their market cap was just a hair above, one billion.

in two thousand and twenty. And so they reported two hundred million dollars in revenue in two thousand twenty one, or that's what the forecast is gonna be when I invested, I think their market cap was just a hair above, one billion.

41:52

And,

And,

41:53

basically, it might my logic right now it's one exactly one billion. My logic was basically, like, I'm pretty sure that brand is worth more than that. Like, if they just, like, put their logo on I was like, I know young people don't really care about it as much, but I think that brand's pretty valuable.

basically, it might my logic right now it's one exactly one billion. My logic was basically, like, I'm pretty sure that brand is worth more than that. Like, if they just, like, put their logo on I was like, I know young people don't really care about it as much, but I think that brand's pretty valuable.

42:08

And I couldn't put a value on it, but I thought it was above what they were trading for. So it was kinda I kinda just made a a kind of a gut call, but it's down

And I couldn't put a value on it, but I thought it was above what they were trading for. So it was kinda I kinda just made a a kind of a gut call, but it's down

42:17

half. Wasn't it? It was a guy. The guy who bought that was the guy who bought Twinkies. Or hostess or something random. Like Yeah. Like,

half. Wasn't it? It was a guy. The guy who bought that was the guy who bought Twinkies. Or hostess or something random. Like Yeah. Like,

42:26

Yeah.

Yeah.

42:27

He was the guy who bought Twinkies, made a ton of money on it. Then he bought PR, I think. It is a I mean, a very iconic. It's a really iconic brand. Yeah. And I know that, like, they tried I had a friend that tried that almost bought

He was the guy who bought Twinkies, made a ton of money on it. Then he bought PR, I think. It is a I mean, a very iconic. It's a really iconic brand. Yeah. And I know that, like, they tried I had a friend that tried that almost bought

42:39

this guy the guys at the Chive almost sold to Playboy, and they told me about going to the mansion, and they told me that they Playboy was thinking about selling the mansion, and they told me, like, how much it was worth And it was it's like a crazy high number. And I thought, well, fuck. Just with this stuff, like, if this is worth more than the If you're only fans, why would you not just buy playboy?

this guy the guys at the Chive almost sold to Playboy, and they told me about going to the mansion, and they told me that they Playboy was thinking about selling the mansion, and they told me, like, how much it was worth And it was it's like a crazy high number. And I thought, well, fuck. Just with this stuff, like, if this is worth more than the If you're only fans, why would you not just buy playboy?

42:57

I think it's really interesting. You don't need it. Out of that brand, I mean, what's it worth that, you know, I don't know, five hundred million people know your name and associate it? Like, that's gotta be worth

I think it's really interesting. You don't need it. Out of that brand, I mean, what's it worth that, you know, I don't know, five hundred million people know your name and associate it? Like, that's gotta be worth

43:08

to a to a company that has a money printer. You know, if you are a money printer,

to a to a company that has a money printer. You know, if you are a money printer,

43:13

what what does it take to accelerate your brand like that? That I don't know. That's Let's be let's be real. I mean, Tay Lopez is gonna buy it. Turn into some sort of crypto pen.

what what does it take to accelerate your brand like that? That I don't know. That's Let's be let's be real. I mean, Tay Lopez is gonna buy it. Turn into some sort of crypto pen.

43:22

Alright. Where are you? What what's yours, Andrew? Yeah.

Alright. Where are you? What what's yours, Andrew? Yeah.

43:26

So, mine, I can't say what it is. We didn't actually announce the business,

So, mine, I can't say what it is. We didn't actually announce the business,

43:30

but

but

43:31

so

so

43:32

The mistake we made is we bought an ember. What I mean by that is it's like this little tiny ember and it could turn into a bonfire if you blow on it a lot, but you have to be very attentive.

The mistake we made is we bought an ember. What I mean by that is it's like this little tiny ember and it could turn into a bonfire if you blow on it a lot, but you have to be very attentive.

43:42

And we're not set up to be attentive. We're kind of management by neglect. We buy these businesses. We plug in CEOs,

And we're not set up to be attentive. We're kind of management by neglect. We buy these businesses. We plug in CEOs,

43:48

and then they go on to do great. And the problem is When you have this little tiny,

and then they go on to do great. And the problem is When you have this little tiny,

43:53

startup,

startup,

43:54

this is a business. It was a real business with real revenue and profits, but it was very small. And we liked what we saw, but the problem is we couldn't attract someone great to run it. And so the business, the ember just kind of burnt out over time, and we ended up spending like a million bucks. So it was just a total money bonfire,

this is a business. It was a real business with real revenue and profits, but it was very small. And we liked what we saw, but the problem is we couldn't attract someone great to run it. And so the business, the ember just kind of burnt out over time, and we ended up spending like a million bucks. So it was just a total money bonfire,

44:12

and pointless and unsatisfying. And so the lesson for us is just board a cruise ship. You know, don't don't try and build your own boat. That's a good amount. Two good values, ember and cruise ship. Alright. My worst investment,

and pointless and unsatisfying. And so the lesson for us is just board a cruise ship. You know, don't don't try and build your own boat. That's a good amount. Two good values, ember and cruise ship. Alright. My worst investment,

44:26

gonna give you the fast answer because I think we're gonna run short on time. Alright. Mine is holding COVID winners for too long. So I had this amazing run up on zoom, stock,

gonna give you the fast answer because I think we're gonna run short on time. Alright. Mine is holding COVID winners for too long. So I had this amazing run up on zoom, stock,

44:35

Fastly, which is a, like, edge, you know, like a cloud, or what's it called? The CDN,

Fastly, which is a, like, edge, you know, like a cloud, or what's it called? The CDN,

44:41

and Agora, which does, like, you know, voice and video,

and Agora, which does, like, you know, voice and video,

44:45

SDKs.

SDKs.

44:46

So they power clubhouse and things like that.

So they power clubhouse and things like that.

44:49

And I own these stocks. They ran up like crazy, you know, x, three x, or whatever in, like, a very short amount of time. And then they've all come crashing back down to earth.

And I own these stocks. They ran up like crazy, you know, x, three x, or whatever in, like, a very short amount of time. And then they've all come crashing back down to earth.

44:59

You know, in the last six months or so. And so I lost money just by holding on to the COVID winners for for too long. Even when, like, for example, with Agora,

You know, in the last six months or so. And so I lost money just by holding on to the COVID winners for for too long. Even when, like, for example, with Agora,

45:08

I got in because I knew clubhouse was growing, but then I was the one who kind of almost like famously called that clubhouse is gonna fail and is gonna get a tank. And yet I still held my Agora. I forgot to sell my Agora stock, and it's cut in half.

I got in because I knew clubhouse was growing, but then I was the one who kind of almost like famously called that clubhouse is gonna fail and is gonna get a tank. And yet I still held my Agora. I forgot to sell my Agora stock, and it's cut in half.

45:22

You know, so that that sort of thing. So I would say my I lost a nice chunk of change, holding my COVID winners for too long. How awesome would it be if you could short private companies? Like, imagine if you saw Clubhouse

You know, so that that sort of thing. So I would say my I lost a nice chunk of change, holding my COVID winners for too long. How awesome would it be if you could short private companies? Like, imagine if you saw Clubhouse

45:33

and you could go and short it. And maybe maybe there is a way to do it. If anyone has any ideas, I'd love to hear them. But, it's a crypto way to see Stuff like that's quite obvious.

and you could go and short it. And maybe maybe there is a way to do it. If anyone has any ideas, I'd love to hear them. But, it's a crypto way to see Stuff like that's quite obvious.

45:42

That that have you have you ever used Polymarket?

That that have you have you ever used Polymarket?

45:45

It's basically like a crypto betting it's like a like a bookie, basically. But you could bet on anything. You could bet on sports games. You could bet Will Joe Biden get COVID. You could bet whatever. And it's only a yes or no. So there's So the and the market sets the line. So, basically, if everybody thinks yes, then proportionately,

It's basically like a crypto betting it's like a like a bookie, basically. But you could bet on anything. You could bet on sports games. You could bet Will Joe Biden get COVID. You could bet whatever. And it's only a yes or no. So there's So the and the market sets the line. So, basically, if everybody thinks yes, then proportionately,

46:03

no will be rewarded Like, if you bet no, but two thirds of people bet yes, you're gonna get a payout more than one to one on your money because you're taking the underdog side of things.

no will be rewarded Like, if you bet no, but two thirds of people bet yes, you're gonna get a payout more than one to one on your money because you're taking the underdog side of things.

46:12

And, and so there's a So this idea of prediction markets works really well in in crypto.

And, and so there's a So this idea of prediction markets works really well in in crypto.

46:18

And, and so there's there's a few of these that are out there.

And, and so there's there's a few of these that are out there.

46:21

I love betting on Polymarket. Dude, we should do. We should do an annual,

I love betting on Polymarket. Dude, we should do. We should do an annual,

46:26

betting episode where we all make predictions and bets, and then we put it on Polymarket, and we have to put our own

betting episode where we all make predictions and bets, and then we put it on Polymarket, and we have to put our own

46:31

I'm gonna be awesome. So you still stand by that? Is club what's the update in clubhouse?

I'm gonna be awesome. So you still stand by that? Is club what's the update in clubhouse?

46:36

Are you gonna be right? Yeah. Well, it looks like it, like, in the charts all, you know, it's a it looks like Mount Everest. Right? It's like, goes up and then it goes straight down. There's not a world where, like, it's just, like, maybe not growing a ton, but they still have, like, a million people a day using it or something like that?

Are you gonna be right? Yeah. Well, it looks like it, like, in the charts all, you know, it's a it looks like Mount Everest. Right? It's like, goes up and then it goes straight down. There's not a world where, like, it's just, like, maybe not growing a ton, but they still have, like, a million people a day using it or something like that?

46:52

Well, look, you never count out an entrepreneur. Those those guys are really talented entrepreneurs. They can always pivot it's that, you know, the product as it is today did not

Well, look, you never count out an entrepreneur. Those those guys are really talented entrepreneurs. They can always pivot it's that, you know, the product as it is today did not

47:01

become what people bet on it to become. Right? Andresen bet put it a four billion dollar price tag on it basically betting that it's gonna become like a Twitter. It's gonna become a Facebook or a snap. And, it's not happening. That has that hasn't happened. The one good thing is that they They have the same kind of like hype cycle or not hype, I shouldn't say that, but like,

become what people bet on it to become. Right? Andresen bet put it a four billion dollar price tag on it basically betting that it's gonna become like a Twitter. It's gonna become a Facebook or a snap. And, it's not happening. That has that hasn't happened. The one good thing is that they They have the same kind of like hype cycle or not hype, I shouldn't say that, but like,

47:18

trend, fad cycle, we're in a in different countries. So, like, in India, they'll get, like, happen in America. They got super popular and then usage faded. It wasn't super sticky.

trend, fad cycle, we're in a in different countries. So, like, in India, they'll get, like, happen in America. They got super popular and then usage faded. It wasn't super sticky.

47:28

And then the same thing will happen in India. It'll get super popular, and then it'll start to fade in popularity.

And then the same thing will happen in India. It'll get super popular, and then it'll start to fade in popularity.

47:33

And so the overall numbers aren't, like, totally zero, but it's

And so the overall numbers aren't, like, totally zero, but it's

47:37

The problem is if you're a leaky bucket, you're a leaky bucket. It's just a matter of time till all the water's gone. And,

The problem is if you're a leaky bucket, you're a leaky bucket. It's just a matter of time till all the water's gone. And,

47:42

that's I I don't know. I think I I think I'm right, but I don't honestly don't pay too much attention to it, but people will often tweet at me charts of their downloads going down to be like, you're right. So that's all I know. There's basically people cherry picking evidence. Andrew Andrew Chen's gonna come on the pod. You know that right? Oh, is he? Yeah. Will he be able to talk to me or am I blocked from the pod too? We'll see. He'll he'll block you. He'll meet you. Alright. Who's the winner on that one?

that's I I don't know. I think I I think I'm right, but I don't honestly don't pay too much attention to it, but people will often tweet at me charts of their downloads going down to be like, you're right. So that's all I know. There's basically people cherry picking evidence. Andrew Andrew Chen's gonna come on the pod. You know that right? Oh, is he? Yeah. Will he be able to talk to me or am I blocked from the pod too? We'll see. He'll he'll block you. He'll meet you. Alright. Who's the winner on that one?

48:06

I'm gonna go I like I think Andrew had a good lesson in there. Alright. I'll go with that. Oh, that's we're gonna go Andrew there. Alright. Let me, I'm gonna

I'm gonna go I like I think Andrew had a good lesson in there. Alright. I'll go with that. Oh, that's we're gonna go Andrew there. Alright. Let me, I'm gonna

48:14

I'm gonna combine the the next one. Can I do that? Yeah. Okay. So I'm gonna combine it with favorite digital tool,

I'm gonna combine the the next one. Can I do that? Yeah. Okay. So I'm gonna combine it with favorite digital tool,

48:20

favorite physical tool,

favorite physical tool,

48:22

and best product under

and best product under

48:25

hundred and above a thousand. And I'll and I'll go first. So favorite digital is True Bill. Andrew, you should use True Bill. You said that you forget subscriptions. True Bill is awesome. Like, just today, I didn't realize that me and my wife both had an Amazon Prime

hundred and above a thousand. And I'll and I'll go first. So favorite digital is True Bill. Andrew, you should use True Bill. You said that you forget subscriptions. True Bill is awesome. Like, just today, I didn't realize that me and my wife both had an Amazon Prime

48:36

membership

membership

48:39

true bill. I paid like fifty bucks. Oh, no. Or ten dollars. It's like really cheap. And it's our sick app that syncs to your bank account and tells you the subscriptions that you have it makes it easy to cancel it. Have you heard of that? Sweet. They just got acquired. I don't I don't know if it works in Canada, but it doesn't cost. They just got acquired for one point three billion dollars by rocket mortgages, your guy, Dan Gilbert.

true bill. I paid like fifty bucks. Oh, no. Or ten dollars. It's like really cheap. And it's our sick app that syncs to your bank account and tells you the subscriptions that you have it makes it easy to cancel it. Have you heard of that? Sweet. They just got acquired. I don't I don't know if it works in Canada, but it doesn't cost. They just got acquired for one point three billion dollars by rocket mortgages, your guy, Dan Gilbert.

49:00

So pretty awesome. Favorite physical tool is this is kind of physical is a fifty dollar app called camo that's let you use your iPhone

So pretty awesome. Favorite physical tool is this is kind of physical is a fifty dollar app called camo that's let you use your iPhone

49:09

for,

for,

49:11

like, high def video calls. Pretty amazing.

like, high def video calls. Pretty amazing.

49:14

And then favorite product that was above,

And then favorite product that was above,

49:18

that was under a hundred was lock a box. It's a thirty eight dollar box that I keep in my pantry. That my wife knows the code of and she puts things that I don't want to have that I don't have self control. So she'll put like sweets in there. And sometimes if I wanna lock my phone for the weekend, she'll put it in there. So that's awesome. And then above a thousand, I bought a fancy car, a Mercedes, the, AMG Station wagon that I love. Dude, that was great. Okay. Andrew, so so we're doing digital product, physical product, or kind of like a a a cheap or expensive thing you liked.

that was under a hundred was lock a box. It's a thirty eight dollar box that I keep in my pantry. That my wife knows the code of and she puts things that I don't want to have that I don't have self control. So she'll put like sweets in there. And sometimes if I wanna lock my phone for the weekend, she'll put it in there. So that's awesome. And then above a thousand, I bought a fancy car, a Mercedes, the, AMG Station wagon that I love. Dude, that was great. Okay. Andrew, so so we're doing digital product, physical product, or kind of like a a a cheap or expensive thing you liked.

49:50

Okay. So, digital product,

Okay. So, digital product,

49:53

consumer lab dot com. So it's like forty nine bucks a year. And it's basically wire cutter, but

consumer lab dot com. So it's like forty nine bucks a year. And it's basically wire cutter, but

49:54

for

for

49:58

food and supplements.

food and supplements.

50:00

So everything from like vitamin d to seaweed snacks to baby food. They buy every single brand. They test it. And it's pretty shocking. Like, I just today learned that the seaweed snacks that I've been giving my kids, you know, have like a bunch of arsenic in them. Right? So it's just crazy stuff that could affect your life.

So everything from like vitamin d to seaweed snacks to baby food. They buy every single brand. They test it. And it's pretty shocking. Like, I just today learned that the seaweed snacks that I've been giving my kids, you know, have like a bunch of arsenic in them. Right? So it's just crazy stuff that could affect your life.

50:19

My favorite physical tool is this amazing thing that my wife, gifted for me randomly that I never thought I would use. It's basically this game called the loser game. And you play it with friends, and you basically all draw a card. And on each card is a really kind of fucked up deep question. So,

My favorite physical tool is this amazing thing that my wife, gifted for me randomly that I never thought I would use. It's basically this game called the loser game. And you play it with friends, and you basically all draw a card. And on each card is a really kind of fucked up deep question. So,

50:36

for example,

for example,

50:38

how have you blamed someone for an issue that was if you're truly honest, largely your

how have you blamed someone for an issue that was if you're truly honest, largely your

50:43

fault or name a surprising, basic embarrassing gap in your knowledge. Or anyway, you go around in a circle. You answer this. I did this on a retreat with a couple of friends that I did. And these were all guys. I know really, really well. And I left going holy shit. There's just so many cool stories and interesting facts that we don't know about one another and this game kind of elicits it. So that's been awesome.

fault or name a surprising, basic embarrassing gap in your knowledge. Or anyway, you go around in a circle. You answer this. I did this on a retreat with a couple of friends that I did. And these were all guys. I know really, really well. And I left going holy shit. There's just so many cool stories and interesting facts that we don't know about one another and this game kind of elicits it. So that's been awesome.

51:07

And then physical thing that I bought this year, I bought a house up at the lake about forty minutes out out of town here, and it's been the best thing I could ever do just great place to go and hang out with family and check out of work. And even though it's close, it feels like a whole other world away. That's great. And I've seen the house. It's awesome. I got a quick story on that thing you just said. My first business, I started with my two best friends from college,

And then physical thing that I bought this year, I bought a house up at the lake about forty minutes out out of town here, and it's been the best thing I could ever do just great place to go and hang out with family and check out of work. And even though it's close, it feels like a whole other world away. That's great. And I've seen the house. It's awesome. I got a quick story on that thing you just said. My first business, I started with my two best friends from college,

51:31

and, this is the sushi business, whatever. We we met the chef and the chef goes, alright. He goes, he goes, you guys are he he goes, man, I love your guys' is kinda, like, vibe. Like, you guys are I could tell you guys really like each other. He goes, how long you guys known each other? Like, did you just meet or for a while. We're like, no. We've we were and we were just saying, no. We're thick as thieves. We've known each other for years.

and, this is the sushi business, whatever. We we met the chef and the chef goes, alright. He goes, he goes, you guys are he he goes, man, I love your guys' is kinda, like, vibe. Like, you guys are I could tell you guys really like each other. He goes, how long you guys known each other? Like, did you just meet or for a while. We're like, no. We've we were and we were just saying, no. We're thick as thieves. We've known each other for years.

51:49

And he goes, you know, you guys know each other pretty well, and we're like, yeah. Like, why? Why? He goes, He goes, Sean, what's, what's the hardest thing Trevor's ever been through?

And he goes, you know, you guys know each other pretty well, and we're like, yeah. Like, why? Why? He goes, He goes, Sean, what's, what's the hardest thing Trevor's ever been through?

51:57

I was like,

I was like,

51:59

I have no idea. He's like, you know, like, just name something maybe. And I was like, I honestly have no clue. And we did and all three of us had no idea of just what's the hardest thing that your your best friend has been through? And,

I have no idea. He's like, you know, like, just name something maybe. And I was like, I honestly have no clue. And we did and all three of us had no idea of just what's the hardest thing that your your best friend has been through? And,

52:12

And he's like, oh, he he goes, he goes, he goes, yeah, I kind of noticed this. He goes, y'all talk, but you don't have conversations.

And he's like, oh, he he goes, he goes, he goes, yeah, I kind of noticed this. He goes, y'all talk, but you don't have conversations.

52:19

Oh. And I was like, oh, shit. Do mic drop. And he goes, He goes, so, you know, you don't need to do this now, but he's like, but try it. Like, go go a little deeper.

Oh. And I was like, oh, shit. Do mic drop. And he goes, He goes, so, you know, you don't need to do this now, but he's like, but try it. Like, go go a little deeper.

52:26

Just ask yourself these questions. And we did it that night. We kinda asked each other that question. And then by the end, we're all like, dude, I didn't know that about you. Like, I feel like I knew you way better. You know, like, I really I really know you now.

Just ask yourself these questions. And we did it that night. We kinda asked each other that question. And then by the end, we're all like, dude, I didn't know that about you. Like, I feel like I knew you way better. You know, like, I really I really know you now.

52:37

And so That was a a great reminder of, like, sometimes these questions can can take you, you know, further with your friends.

And so That was a a great reminder of, like, sometimes these questions can can take you, you know, further with your friends.

52:44

Totally. It's a superpower one of the questions I ask people when I have lunch, I'll have like a small talk, you know, first time lunch with someone, and I'll just randomly try and ask them, are you happy? Or are you happy with where your life is right now? And it's weird. They will just go down a rabbit trail and tell you all sorts of crazy stuff. You wouldn't normally tell somebody

Totally. It's a superpower one of the questions I ask people when I have lunch, I'll have like a small talk, you know, first time lunch with someone, and I'll just randomly try and ask them, are you happy? Or are you happy with where your life is right now? And it's weird. They will just go down a rabbit trail and tell you all sorts of crazy stuff. You wouldn't normally tell somebody

53:02

Just mind fucking people throughout Victoria.

Just mind fucking people throughout Victoria.

53:05

Alright. So I'll I'll It well, it just builds builds connection. Right? I'll do mine. Okay. So favorite digital thing. This app called Othership.

Alright. So I'll I'll It well, it just builds builds connection. Right? I'll do mine. Okay. So favorite digital thing. This app called Othership.

53:14

It's a breathwork app. I do it every morning. I love it. It wakes me up. It makes me feel good. It's it slows me down and it speeds me up at the same time. It slows me down from just rushing into my day, feeling behind.

It's a breathwork app. I do it every morning. I love it. It wakes me up. It makes me feel good. It's it slows me down and it speeds me up at the same time. It slows me down from just rushing into my day, feeling behind.

53:25

And then it speeds me up because when I come out of it, I'm like, I feel

And then it speeds me up because when I come out of it, I'm like, I feel

53:29

just like electric. I feel like I'm on fire. I could do whatever I want now. So Othership is the name of that app. I love that app.

just like electric. I feel like I'm on fire. I could do whatever I want now. So Othership is the name of that app. I love that app.

53:36

Favorite,

Favorite,

53:37

what is it? Favorite physical?

what is it? Favorite physical?

53:39

Okay. My favorite physical tool is,

Okay. My favorite physical tool is,

53:43

This is gonna sound stupid. Alright. So I grew out my hair and,

This is gonna sound stupid. Alright. So I grew out my hair and,

53:47

you know,

you know,

53:48

I grow out my hair just to, like, do it just to kinda have a, like, I don't know, just have a change, do do something different.

I grow out my hair just to, like, do it just to kinda have a, like, I don't know, just have a change, do do something different.

53:53

But I don't know anything about how to take care of hair. And, I'm, like, a really messy

But I don't know anything about how to take care of hair. And, I'm, like, a really messy

53:58

disorganized person who doesn't, like, you know, I don't look in the mirror till seven PM that night. I'm, like, oh, haven't even looked at myself today. And that doesn't really work when you got long hair, like high maintenance hair. So I went to a stylist and I was like, you know, can I get a little trim and,

disorganized person who doesn't, like, you know, I don't look in the mirror till seven PM that night. I'm, like, oh, haven't even looked at myself today. And that doesn't really work when you got long hair, like high maintenance hair. So I went to a stylist and I was like, you know, can I get a little trim and,

54:12

she was like, what do you want? I was like, I have no idea. I have no idea what I want. And also,

she was like, what do you want? I was like, I have no idea. I have no idea what I want. And also,

54:17

what I really want is, like, can you just, like, cut the haircut, like, half half an hour short, and just tell me what I should be doing, like, with my hair. And she's like, what do you mean? I was like, was like, so, like, I get in the shower. If I wanna do shampoo, like, here's how I do it. You tell me if that's correct. And I went through, like, these Ultra basics with her. And, she was like, what do you mean? And then she was laughing. But then through that conversation, she's like, oh, like, no, no, no, when you shampooed, like, don't be doing it on the roots because you're gonna end up stripping away all your natural oils, like, just do your condition or your shampoo, like, from the middle to the end. And, like, oh, your, you know, your hair is really frizzy, and you probably don't know why, but, like, do on a cotton pillowcase. And I was like, yeah. Of course. And she's like, you need to switch that for silk because imagine you're spending eight hours a night rubbing your hair into this thing. So she gave me these, like, three little things, like, a silk pillowcase,

what I really want is, like, can you just, like, cut the haircut, like, half half an hour short, and just tell me what I should be doing, like, with my hair. And she's like, what do you mean? I was like, was like, so, like, I get in the shower. If I wanna do shampoo, like, here's how I do it. You tell me if that's correct. And I went through, like, these Ultra basics with her. And, she was like, what do you mean? And then she was laughing. But then through that conversation, she's like, oh, like, no, no, no, when you shampooed, like, don't be doing it on the roots because you're gonna end up stripping away all your natural oils, like, just do your condition or your shampoo, like, from the middle to the end. And, like, oh, your, you know, your hair is really frizzy, and you probably don't know why, but, like, do on a cotton pillowcase. And I was like, yeah. Of course. And she's like, you need to switch that for silk because imagine you're spending eight hours a night rubbing your hair into this thing. So she gave me these, like, three little things, like, a silk pillowcase,

55:04

this, like,

this, like,

55:06

curling cream. She's like, just use this because your hair won't look like shit like that. Is this lady black or white? White.

curling cream. She's like, just use this because your hair won't look like shit like that. Is this lady black or white? White.

55:11

Dude, we have silk things in our in our house all over the place. Well, yes. Because if you're I threw the black girl thing. Yeah. Yeah. No. It is. There's, like, this whole thing, the curly girl method, and she like anyways,

Dude, we have silk things in our in our house all over the place. Well, yes. Because if you're I threw the black girl thing. Yeah. Yeah. No. It is. There's, like, this whole thing, the curly girl method, and she like anyways,

55:21

I learned so much about hair in, like, half an hour. It was amazing. And I felt so relieved. I was, like,

I learned so much about hair in, like, half an hour. It was amazing. And I felt so relieved. I was, like,

55:27

this is, like, this class of life school I just missed. And, like, I'm too embarrassed or too, like, kind of

this is, like, this class of life school I just missed. And, like, I'm too embarrassed or too, like, kind of

55:33

busy to, like, think about it. But, like, taking the time to think about it was awesome. And so, you know, the little silk pillow and a couple other things were great little wins for me. When when you go to restaurants, what I do all the time is I just say, they'll say, what do you want? And I'll say, I just want meat and vegetables. Give me whatever's popular or whatever's best. Do you ever do that? No. But I well, I'll often ask what's best or I'll say? The the best question is, you know, what,

busy to, like, think about it. But, like, taking the time to think about it was awesome. And so, you know, the little silk pillow and a couple other things were great little wins for me. When when you go to restaurants, what I do all the time is I just say, they'll say, what do you want? And I'll say, I just want meat and vegetables. Give me whatever's popular or whatever's best. Do you ever do that? No. But I well, I'll often ask what's best or I'll say? The the best question is, you know, what,

55:54

like, what do you eat after work? Like, what's the best thing that you like to eat. Dude, it makes them so uncomfortable, though. I asked that all the whenever I order, I almost always do that. It makes them very uncomfortable and they freak out just like you do it. Like, when I get a haircut, I'm like, what do you want? I'm like, just make me look sexy. You know, just like, make me look hot. Just like, choice. Yeah. Whatever. Chef choice is a hella underrated way to live life. So is, but it makes them so uncomfortable.

like, what do you eat after work? Like, what's the best thing that you like to eat. Dude, it makes them so uncomfortable, though. I asked that all the whenever I order, I almost always do that. It makes them very uncomfortable and they freak out just like you do it. Like, when I get a haircut, I'm like, what do you want? I'm like, just make me look sexy. You know, just like, make me look hot. Just like, choice. Yeah. Whatever. Chef choice is a hella underrated way to live life. So is, but it makes them so uncomfortable.

56:17

Not a you might you might be putting them on the put too much pressure on him. I tell him I say, look, this is where I am. It can't get worse than this. Don't worry. I trust you. And that's all every haircut. I said, don't worry what you do. My hair grows fast. I take a lot of pressure off them. Same thing with the food. You know, tell me what you eat after work. By the way, I'm not picky, and I'm already in a good mood. So I'm gonna love whatever you give me. And then, you know, take the picture. That's a good one. I'm gonna say that. Alright. And then your last, your your over a hundred and under a hundred.

Not a you might you might be putting them on the put too much pressure on him. I tell him I say, look, this is where I am. It can't get worse than this. Don't worry. I trust you. And that's all every haircut. I said, don't worry what you do. My hair grows fast. I take a lot of pressure off them. Same thing with the food. You know, tell me what you eat after work. By the way, I'm not picky, and I'm already in a good mood. So I'm gonna love whatever you give me. And then, you know, take the picture. That's a good one. I'm gonna say that. Alright. And then your last, your your over a hundred and under a hundred.

56:43

The,

The,

56:44

what's let's see. The over a hundred,

what's let's see. The over a hundred,

56:46

oh, hired a chef.

oh, hired a chef.

56:48

So I don't know why more people don't do this. Like,

So I don't know why more people don't do this. Like,

56:51

Dude, that's a shit the conceited thing to say?

Dude, that's a shit the conceited thing to say?

56:54

Yeah. No. No. You cancel me and be like, yeah, because I can't afford it. No. What I mean is if you can buy a nice car,

Yeah. No. No. You cancel me and be like, yeah, because I can't afford it. No. What I mean is if you can buy a nice car,

57:01

or, you know, like, I would never buy a nice car before a chef. Like, my order of operations would be Bitch, you drive a BMW.

or, you know, like, I would never buy a nice car before a chef. Like, my order of operations would be Bitch, you drive a BMW.

57:07

No. No. No. No. I I don't even think that's the right compare I think it's

No. No. No. No. I I don't even think that's the right compare I think it's

57:11

a lot of people who are middle class or upper middle class have a cleaner. Chef is just

a lot of people who are middle class or upper middle class have a cleaner. Chef is just

57:18

slightly more expensive than that. It's not crazy expensive. It's not crazy expensive to have somebody who who preps meals. And I I don't do it every day. So, you know, you could do three days a week or you can do, you know, whatever.

slightly more expensive than that. It's not crazy expensive. It's not crazy expensive to have somebody who who preps meals. And I I don't do it every day. So, you know, you could do three days a week or you can do, you know, whatever.

57:28

It is the biggest life quality change because you get your time back, plus you eat healthier, plus it's actually tasty because you probably aren't a great cook. Or I'm not at least.

It is the biggest life quality change because you get your time back, plus you eat healthier, plus it's actually tasty because you probably aren't a great cook. Or I'm not at least.

57:38

Plus, like, you know, they prep little things for, like, my dog or my my baby who's, like, a picky eater and, like, It just saves so much time, energy, and mental, like, kinda, like,

Plus, like, you know, they prep little things for, like, my dog or my my baby who's, like, a picky eater and, like, It just saves so much time, energy, and mental, like, kinda, like,

57:49

mind space, I guess, to do this. So for me, I'm, like, I would cut ten other things before this. So, like, if you got some money, right, you can't do this, you got no money, but you got some money. You're you got some money to play with. Like, don't Angel invest. Hire a chef. You know, don't don't buy, like, a go buy, like, a used kind of, like, middle of the road car. Don't buy, like, a nice car. If you're buying a Tesla, get a chef. That's my that's my, like, you know, if you're in that game, those are the kind of trade offs you can make.

mind space, I guess, to do this. So for me, I'm, like, I would cut ten other things before this. So, like, if you got some money, right, you can't do this, you got no money, but you got some money. You're you got some money to play with. Like, don't Angel invest. Hire a chef. You know, don't don't buy, like, a go buy, like, a used kind of, like, middle of the road car. Don't buy, like, a nice car. If you're buying a Tesla, get a chef. That's my that's my, like, you know, if you're in that game, those are the kind of trade offs you can make.

58:15

And above, below a thousand?

And above, below a thousand?

58:18

Oh, Jambies. I think I've talked about this before. Oh my god.

Oh, Jambies. I think I've talked about this before. Oh my god.

58:22

I love these things.

I love these things.

58:23

You don't like it? Do you don't like Jambies? I they're just boxers with pockets.

You don't like it? Do you don't like Jambies? I they're just boxers with pockets.

58:27

Very soft boxers with pockets and no hole.

Very soft boxers with pockets and no hole.

58:31

Do you wear them do you wear them though day to day or only when you're at home? Well, I'm at home every day. What do you mean?

Do you wear them do you wear them though day to day or only when you're at home? Well, I'm at home every day. What do you mean?

58:37

I mean, like, you know, if there's no if there's no hole and you put them on a jeans It's just a size. Just

I mean, like, you know, if there's no if there's no hole and you put them on a jeans It's just a size. Just

58:41

a

a

58:45

shitty version of boxers. Replacement for short. So I like to just walk around in my boxers all day. That's like what I'm most comfortable.

shitty version of boxers. Replacement for short. So I like to just walk around in my boxers all day. That's like what I'm most comfortable.

58:50

So this is the socially acceptable, more comfortable. They're like a little longer. So you're not showing too much thighs. There's no hole. They got pockets so you can carry your phone around. So it's, like, the best way to just wear your boxers at home. It's something like, you're saying, like, your mother-in-law, your mother-in-law is aware of my gender, you're gonna wear a box between the house. Because if you just wear shorts, they're just as comfortable and you'd look for the whole thing. She's been talking about these things like, three years now.

So this is the socially acceptable, more comfortable. They're like a little longer. So you're not showing too much thighs. There's no hole. They got pockets so you can carry your phone around. So it's, like, the best way to just wear your boxers at home. It's something like, you're saying, like, your mother-in-law, your mother-in-law is aware of my gender, you're gonna wear a box between the house. Because if you just wear shorts, they're just as comfortable and you'd look for the whole thing. She's been talking about these things like, three years now.

59:13

I I've worn them. They're very, very comfortable. I have a pair. I like them, but I wouldn't wear them. Like, if they're people in my house that wear lemon shorts instead that have, like, the underwear in the, as the liner. Yeah. They're so comfortable. We're not all trillionaire. So we can't all get lululemon. We can get tampies. Right? Alright. Can I can I batch the next one again? Yeah. Alright. So check this out. So, we're giving that round to Sam. Alright. I I'll take that.

I I've worn them. They're very, very comfortable. I have a pair. I like them, but I wouldn't wear them. Like, if they're people in my house that wear lemon shorts instead that have, like, the underwear in the, as the liner. Yeah. They're so comfortable. We're not all trillionaire. So we can't all get lululemon. We can get tampies. Right? Alright. Can I can I batch the next one again? Yeah. Alright. So check this out. So, we're giving that round to Sam. Alright. I I'll take that.

59:36

The thing you learned about yourself this year and best relationship hack. I'll go first because mine are gonna be really fast. Best relationship hack this year. I do we weekly meetings with my wife using this best self journal, and it's just like a prompt. It's an hour long prompt of questions, and you get to know each other better exactly what you've talked with your buddy. It's been awesome. That's the best hack I've had. And the one thing I learned this year, I'll say two things. One, I don't ask you a question about the relationship one. Yeah. Are you both equally into it, or is one of you, like, more into doing it than the other? We're both equally into it. Okay. I think that's And so, like, always been a fan of therapy. Like, I've gone to therapy, like, regardless if I'm healthy or unhealthy, it's just like going to the gym. And so I was like, we should do couples counseling even though everything's great. And but I didn't really jot we didn't jive with anyone. And so I thought this one is actually better. It works. Yeah. And it's like twenty five dollars for one time. And then

The thing you learned about yourself this year and best relationship hack. I'll go first because mine are gonna be really fast. Best relationship hack this year. I do we weekly meetings with my wife using this best self journal, and it's just like a prompt. It's an hour long prompt of questions, and you get to know each other better exactly what you've talked with your buddy. It's been awesome. That's the best hack I've had. And the one thing I learned this year, I'll say two things. One, I don't ask you a question about the relationship one. Yeah. Are you both equally into it, or is one of you, like, more into doing it than the other? We're both equally into it. Okay. I think that's And so, like, always been a fan of therapy. Like, I've gone to therapy, like, regardless if I'm healthy or unhealthy, it's just like going to the gym. And so I was like, we should do couples counseling even though everything's great. And but I didn't really jot we didn't jive with anyone. And so I thought this one is actually better. It works. Yeah. And it's like twenty five dollars for one time. And then

01:00:26

So, Sean, I mean, I totally relate to what you said though, like, if she's not into it. And I tried to do this with my wife. Do, like, just wanna do, like, a weekly board meeting. Like, hey, let's talk about our relationship. My wife's not done. It's not run like a business meeting exactly, but, like, it just has, like, like, like, you know, like, the five languages of love, like, that's like one that's like a one conversation. That's like you'll have that one week. And the next conversation will be,

So, Sean, I mean, I totally relate to what you said though, like, if she's not into it. And I tried to do this with my wife. Do, like, just wanna do, like, a weekly board meeting. Like, hey, let's talk about our relationship. My wife's not done. It's not run like a business meeting exactly, but, like, it just has, like, like, like, you know, like, the five languages of love, like, that's like one that's like a one conversation. That's like you'll have that one week. And the next conversation will be,

01:00:49

tell me about your childhood.

tell me about your childhood.

01:00:50

Right. I think I think someone needs to build, like, an operating system, kind of, like, how you would have board meetings and all this stuff for marriage and US. Right. Like, what does our family stand for yeah. Exactly. Exactly. That's a great idea. Yeah. And then one thing I learned about myself was just I actually don't like owning as fan fancy stuff. It kind of stresses me out. So I, like, bought a fancy watch, and I was like, oh my god, this is horrible. It's freaking me out. And, but what I learned this year is I had a number of net worth in my head, and like, if I hit this number, I'm never gonna worry again, and I'm not gonna chase money. I hit that number. I still worry, and I still chase. It is never enough.

Right. I think I think someone needs to build, like, an operating system, kind of, like, how you would have board meetings and all this stuff for marriage and US. Right. Like, what does our family stand for yeah. Exactly. Exactly. That's a great idea. Yeah. And then one thing I learned about myself was just I actually don't like owning as fan fancy stuff. It kind of stresses me out. So I, like, bought a fancy watch, and I was like, oh my god, this is horrible. It's freaking me out. And, but what I learned this year is I had a number of net worth in my head, and like, if I hit this number, I'm never gonna worry again, and I'm not gonna chase money. I hit that number. I still worry, and I still chase. It is never enough.

01:01:26

Yep. And now now it's just always two x, you know, and there's a the New Yorker did an did a study where they, like, asked a bunch of wealthy people. And, like, it doesn't matter if the person had one million, one hundred thousand, or fifty million. The they always said they'd be more comfortable if they had two x.

Yep. And now now it's just always two x, you know, and there's a the New Yorker did an did a study where they, like, asked a bunch of wealthy people. And, like, it doesn't matter if the person had one million, one hundred thousand, or fifty million. The they always said they'd be more comfortable if they had two x.

01:01:42

Yep. Alright. You wanna go, Sean?

Yep. Alright. You wanna go, Sean?

01:01:45

Yeah. Okay. So best relationship hack.

Yeah. Okay. So best relationship hack.

01:01:49

I literally just wrote this as soon as I read it. I gotta shut the fuck up.

I literally just wrote this as soon as I read it. I gotta shut the fuck up.

01:01:54

I learned this year how to really just shut the fuck up in a relationship, meaning, like, not everything needs to be talked about, not everything needs to be said,

I learned this year how to really just shut the fuck up in a relationship, meaning, like, not everything needs to be talked about, not everything needs to be said,

01:02:02

Not every, like, you know, pot needs to be stirred, not every issue needs to be discussed, not every, like,

Not every, like, you know, pot needs to be stirred, not every issue needs to be discussed, not every, like,

01:02:08

worry needs to be a thing, like,

worry needs to be a thing, like,

01:02:10

just shut up and, like, just shut up and enjoy it, just shut up and listen more,

just shut up and, like, just shut up and enjoy it, just shut up and listen more,

01:02:16

and just shut up and, like, Don't complain. Don't don't talk about, like, constantly improving and changing it, like, just shut up a little bit. And so that was my relationship pack, which there's many times where

and just shut up and, like, Don't complain. Don't don't talk about, like, constantly improving and changing it, like, just shut up a little bit. And so that was my relationship pack, which there's many times where

01:02:27

You've you probably know this because you know me pretty well, Sam. I'm kind of a pot stir,

You've you probably know this because you know me pretty well, Sam. I'm kind of a pot stir,

01:02:32

and I like to, like I don't feel alive till somebody's, like, you know, laughing or angry or whatever in a conversation. I'm like, yeah, that we're doing it. That's true. It's not how everybody is. But your intentions are mostly always good, which most

and I like to, like I don't feel alive till somebody's, like, you know, laughing or angry or whatever in a conversation. I'm like, yeah, that we're doing it. That's true. It's not how everybody is. But your intentions are mostly always good, which most

01:02:45

your your your intentions are mostly always good. If it's if you just wanna call shit, it's just because you feel like laughing. Yeah. So I'm trying to amuse myself. The diff the difference is Are you were your parents debaters? And that was kinda how your family saw in me? Because in my household,

your your your intentions are mostly always good. If it's if you just wanna call shit, it's just because you feel like laughing. Yeah. So I'm trying to amuse myself. The diff the difference is Are you were your parents debaters? And that was kinda how your family saw in me? Because in my household,

01:02:58

my my dad depots her, so my dad would say some outlandish thing. We start yelling. And that was like almost his love language. And my problem is I've applied that into all my relationships, and most people find that horrible. You it perfectly. So that was the lesson. That was my relationship hack this year, was the lesson learned was was what if I didn't try that? What if I did something different?

my my dad depots her, so my dad would say some outlandish thing. We start yelling. And that was like almost his love language. And my problem is I've applied that into all my relationships, and most people find that horrible. You it perfectly. So that was the lesson. That was my relationship hack this year, was the lesson learned was was what if I didn't try that? What if I did something different?

01:03:18

The thing I learned about myself, I'm gonna do one that's not,

The thing I learned about myself, I'm gonna do one that's not,

01:03:22

not good. So, you know, there's a lot of lessons that were like, oh, yeah. I learned this, and now I'm better for it. This one that, like, I just learned was kinda like a shitty thing about me. So I've now had several friends

not good. So, you know, there's a lot of lessons that were like, oh, yeah. I learned this, and now I'm better for it. This one that, like, I just learned was kinda like a shitty thing about me. So I've now had several friends

01:03:33

that,

that,

01:03:35

I've considered to be my close friends or, like, they worked for me or whatever. Like, I've kinda mentored them in some way, and then they go on to do, like, really great things.

I've considered to be my close friends or, like, they worked for me or whatever. Like, I've kinda mentored them in some way, and then they go on to do, like, really great things.

01:03:42

But, like, you know, they called everybody except for me to, like, kinda, like, share the wins of that they were having or, or let them on board and to invest in it, or, like, you know, just I wasn't in the loop beyond once our once our kind of relationship once our, like, once the transaction was done. Like, once we stopped working together, In my head, I'm like, oh, yeah. We're super tight. And in their head, they're like, they had a different opinion because I I had a lunch with a buddy. And I said, He was telling me about, like, this crazy journey he's been on, like, dude, can I ask you something kinda weird? I was, like,

But, like, you know, they called everybody except for me to, like, kinda, like, share the wins of that they were having or, or let them on board and to invest in it, or, like, you know, just I wasn't in the loop beyond once our once our kind of relationship once our, like, once the transaction was done. Like, once we stopped working together, In my head, I'm like, oh, yeah. We're super tight. And in their head, they're like, they had a different opinion because I I had a lunch with a buddy. And I said, He was telling me about, like, this crazy journey he's been on, like, dude, can I ask you something kinda weird? I was, like,

01:04:13

I've noticed this happening a bunch of times. Like, you had this crazy journey, and I feel like thought we were super close, and we're just now talking about it. Like, I wasn't in I wasn't in the loop. Like, you didn't let me know. Like, you didn't you didn't share these awesome things that were happening or the crazy bad things. And, like, you took other investors. I feel like I could have been, like, your first check into your thing. Like, I was like, is there something I do that makes you feel that way? And he's like, Can I get can I guess what he said? Yeah. Go ahead. I I just thought that you were too busy.

I've noticed this happening a bunch of times. Like, you had this crazy journey, and I feel like thought we were super close, and we're just now talking about it. Like, I wasn't in I wasn't in the loop. Like, you didn't let me know. Like, you didn't you didn't share these awesome things that were happening or the crazy bad things. And, like, you took other investors. I feel like I could have been, like, your first check into your thing. Like, I was like, is there something I do that makes you feel that way? And he's like, Can I get can I guess what he said? Yeah. Go ahead. I I just thought that you were too busy.

01:04:40

Yeah. That, but, like,

Yeah. That, but, like,

01:04:42

less generous version of that is you,

less generous version of that is you,

01:04:45

you blew me off, basically. It's like it's like, yeah, like, I messaged you a bunch of times and, like, you didn't really respond in a big way. So I just figured, like, okay. He's, like, he said it perfectly. He goes, I he goes, I felt like I figured out what what I am to you. And, like, I thought we were close. And you thought we were close. You're saying you thought we were close, but, like, you made me feel like we're not that close. And, like, once our engagement was over, you know, it seemed like you put me in some place that, like, you know, you didn't wanna engage as much as I wanted to. And I was, like, you talk about? Not me. Good old Sean away. I'll, you know, this is whatever.

you blew me off, basically. It's like it's like, yeah, like, I messaged you a bunch of times and, like, you didn't really respond in a big way. So I just figured, like, okay. He's, like, he said it perfectly. He goes, I he goes, I felt like I figured out what what I am to you. And, like, I thought we were close. And you thought we were close. You're saying you thought we were close, but, like, you made me feel like we're not that close. And, like, once our engagement was over, you know, it seemed like you put me in some place that, like, you know, you didn't wanna engage as much as I wanted to. And I was, like, you talk about? Not me. Good old Sean away. I'll, you know, this is whatever.

01:05:16

And, and then that's a sure enough. I scrolled back in our DMs, and it's like, him saying something. Him saying something. Him saying something. Me saying one line. Him saying something and, like, asking something and me never respond. You never get back to him. How do you combat combat that? Because, like, you've gotten very popular.

And, and then that's a sure enough. I scrolled back in our DMs, and it's like, him saying something. Him saying something. Him saying something. Me saying one line. Him saying something and, like, asking something and me never respond. You never get back to him. How do you combat combat that? Because, like, you've gotten very popular.

01:05:32

But it's not that. It's like well, this is this is the problem. This is the problem is, like, so much of becoming friends with someone is where you're at in your life and how much time you have for the other person and whether you're in sync or not. So Some of my best friends, they were, you know, we're both single. We're both drinking and partying. You're super, super close. And then you have kids and life's different and you kind of drift apart. And the same thing can happen with tech in. If they're texting you all the time and they want you to engage, and then you send a one liner back, they immediately take offense. They don't realize that you've got three hundred other people texting you, and you just wanna be friends with everybody. And it's funny you mentioned this because I wrote my worst habit of the year is writing

But it's not that. It's like well, this is this is the problem. This is the problem is, like, so much of becoming friends with someone is where you're at in your life and how much time you have for the other person and whether you're in sync or not. So Some of my best friends, they were, you know, we're both single. We're both drinking and partying. You're super, super close. And then you have kids and life's different and you kind of drift apart. And the same thing can happen with tech in. If they're texting you all the time and they want you to engage, and then you send a one liner back, they immediately take offense. They don't realize that you've got three hundred other people texting you, and you just wanna be friends with everybody. And it's funny you mentioned this because I wrote my worst habit of the year is writing

01:06:12

one line responses to DMs and text messages because I'm busy. Right? I'm just trying to rip through them all and I'm tired. But it's way it's way better to not respond. At least then, you're mysterious and, oh, maybe you didn't see it. The one liner pisses people off so much.

one line responses to DMs and text messages because I'm busy. Right? I'm just trying to rip through them all and I'm tired. But it's way it's way better to not respond. At least then, you're mysterious and, oh, maybe you didn't see it. The one liner pisses people off so much.

01:06:29

It's a little better. It's shockingly better. If it makes you feel better, Sean, I perceive you as a person who's in the loop of everything, though.

It's a little better. It's shockingly better. If it makes you feel better, Sean, I perceive you as a person who's in the loop of everything, though.

01:06:36

Yeah. I don't know. I I basically I re I realized my self perception of kind of where these relationships are at and how,

Yeah. I don't know. I I basically I re I realized my self perception of kind of where these relationships are at and how,

01:06:44

good of a friend I was being back I realized like, oh, no. I'm actually, I'm kind of a shitty friend back.

good of a friend I was being back I realized like, oh, no. I'm actually, I'm kind of a shitty friend back.

01:06:49

I've I I can make people feel bad when without really realizing

I've I I can make people feel bad when without really realizing

01:06:55

it.

it.

01:06:56

And and also that that costs me, like, that I don't get to share in the winds and and know the stories and be kind of friends and and get these opportunities that, like, you know, would otherwise have come from this. And so that's once I have it, like, five times, I'm like, okay. No problem is me. I'm the common denominator here.

And and also that that costs me, like, that I don't get to share in the winds and and know the stories and be kind of friends and and get these opportunities that, like, you know, would otherwise have come from this. And so that's once I have it, like, five times, I'm like, okay. No problem is me. I'm the common denominator here.

01:07:12

One one of the habits that I've realized, there's two things. One one is, like, using a smiley when you say something. Takes the edge off. Yeah. Just immediately. Even if it's a one liner takes the edge off, The other thing is a friend of mine does this. He's very, very busy, super spread thin, big personality, lots of friends, and he will just every once in a while

One one of the habits that I've realized, there's two things. One one is, like, using a smiley when you say something. Takes the edge off. Yeah. Just immediately. Even if it's a one liner takes the edge off, The other thing is a friend of mine does this. He's very, very busy, super spread thin, big personality, lots of friends, and he will just every once in a while

01:07:30

text me and say, hey, man. I was just thinking of you,

text me and say, hey, man. I was just thinking of you,

01:07:34

or, you know, or, you know, let's say it's New Year's. He'll say, hey, thanks for your friendship this year. Here's something I really appreciated or took from you, and it's comes across as very authentic. And I've looked at that and gone, okay, I need to really learn how to do that because I'm like you exact. Like, as you're saying this, I'm just nodding long. I think I come across as distant

or, you know, or, you know, let's say it's New Year's. He'll say, hey, thanks for your friendship this year. Here's something I really appreciated or took from you, and it's comes across as very authentic. And I've looked at that and gone, okay, I need to really learn how to do that because I'm like you exact. Like, as you're saying this, I'm just nodding long. I think I come across as distant

01:07:54

and cold and too busy and I don't want to and I just wanna make everyone happy. It's so sad.

and cold and too busy and I don't want to and I just wanna make everyone happy. It's so sad.

01:07:59

You know, bracket first name. I was really thinking about That's what's gonna come out from from us this year.

You know, bracket first name. I was really thinking about That's what's gonna come out from from us this year.

01:08:06

Yeah. Someone will listen out, please. Relationships and, learning types. Learnings.

Yeah. Someone will listen out, please. Relationships and, learning types. Learnings.

01:08:12

Yeah. Okay. So,

Yeah. Okay. So,

01:08:14

my biggest relationship hack, honestly, my wife, her love language, is acts of service.

my biggest relationship hack, honestly, my wife, her love language, is acts of service.

01:08:20

And it's really interesting. Like, often she'll start picking at me about some other thing I'm doing that pisses her off, and we'll have a fight about something. And it ultimately came down to the fact that I left towels on the floor or I had left the kitchen dirty. And so now I'm just trying to whenever I have that moment where I'm like, I see the kitchen's dirty. I'm just unloading the dishwasher

And it's really interesting. Like, often she'll start picking at me about some other thing I'm doing that pisses her off, and we'll have a fight about something. And it ultimately came down to the fact that I left towels on the floor or I had left the kitchen dirty. And so now I'm just trying to whenever I have that moment where I'm like, I see the kitchen's dirty. I'm just unloading the dishwasher

01:08:41

and trying to enjoy and get done. The other thing

and trying to enjoy and get done. The other thing

01:08:45

no. No. No. No. No. No. I'm not a slob, but I I always say to her, I'm like, what's the point of making money if you use your time doing things you don't wanna do? Right? Whereas my wife is much more like, I don't want our kids to grow up without them seeing us work and, you know, doing stuff. So so we don't really have any help around the house. We have a nanny, but,

no. No. No. No. No. No. I'm not a slob, but I I always say to her, I'm like, what's the point of making money if you use your time doing things you don't wanna do? Right? Whereas my wife is much more like, I don't want our kids to grow up without them seeing us work and, you know, doing stuff. So so we don't really have any help around the house. We have a nanny, but,

01:09:04

you know, we have a cleaner who does all this stuff. We don't wanna do we still do all that stuff for me. That's a big cleaner. We have it's all that. No. We don't we don't we don't have any of that. We don't have we're we're not fancy like you.

you know, we have a cleaner who does all this stuff. We don't wanna do we still do all that stuff for me. That's a big cleaner. We have it's all that. No. We don't we don't we don't have any of that. We don't have we're we're not fancy like you.

01:09:15

And then the school of life, which they make that card game I mentioned before, I love that so much that I bought this one called the connect card game. And it's for couples.

And then the school of life, which they make that card game I mentioned before, I love that so much that I bought this one called the connect card game. And it's for couples.

01:09:25

And my wife and I have been doing it, and it's basically five stacks. And each stack is like, you know, one is One is, like, general relationship, one is personal, whatever. And so you roll a dice and you go through these questions. And again, it's just this great way to penetrate through you know, you might be in a bad spot, but when you answer these questions, it kinda unlocks everything and, builds connection between the two of you. And that's

And my wife and I have been doing it, and it's basically five stacks. And each stack is like, you know, one is One is, like, general relationship, one is personal, whatever. And so you roll a dice and you go through these questions. And again, it's just this great way to penetrate through you know, you might be in a bad spot, but when you answer these questions, it kinda unlocks everything and, builds connection between the two of you. And that's

01:09:50

been really, really good for us because my wife doesn't like doing the meetings or couples counseling even a lot of the time, but that's been a great thing for us. That's baller.

been really, really good for us because my wife doesn't like doing the meetings or couples counseling even a lot of the time, but that's been a great thing for us. That's baller.

01:09:58

Yeah. Ours are me and you are we have the same thing. Dude, I totally I really that's cool. You said that about the, people thinking you're a dick or checked out because I I have that exact thing. And you you said it really nicely.

Yeah. Ours are me and you are we have the same thing. Dude, I totally I really that's cool. You said that about the, people thinking you're a dick or checked out because I I have that exact thing. And you you said it really nicely.

01:10:10

Yes.

Yes.

01:10:12

Kind of it's hard. It's hard. And, you know, I've even experienced that with you, and I've probably done it to you as well. But it's like, you know, you and I, we've texted and we've had these long exchanges.

Kind of it's hard. It's hard. And, you know, I've even experienced that with you, and I've probably done it to you as well. But it's like, you know, you and I, we've texted and we've had these long exchanges.

01:10:21

And then there's other times where you text me and I'm, like, one line Yeah. Or vice versa. And it's it's it's crazy. Things where, like, I would I maybe I do take offense. I don't know, but, like, in my head, it's like I'm so I have so much faith in the, in the relationship that I'm like, there's not, like, it's not gonna, like, affect my

And then there's other times where you text me and I'm, like, one line Yeah. Or vice versa. And it's it's it's crazy. Things where, like, I would I maybe I do take offense. I don't know, but, like, in my head, it's like I'm so I have so much faith in the, in the relationship that I'm like, there's not, like, it's not gonna, like, affect my

01:10:39

score, you know, in a way.

score, you know, in a way.

01:10:42

And also, like, I hate the kind of excuse if I'm busy because, basically, to me, when The phrase I'm busy means I'm poor. It's like, if I think wealth is freedom of time and to be able to spend it how you want than saying I don't have time, means I'm poor. And so I'm like, I don't wanna accept that that's also reality. So, you know, I'm trying to figure it out. Well, it's also there's two. I've what I've noticed is when I don't work with somebody, I text them differently when when we do work together. When we work together, it's like there's total filter I'm not gonna be nice. I'm just gonna be super blunt, and we're just gonna grind it out. And that's just business and whatever. And not I'm not being an asshole. I'm just being very to the point. But I think that can come across the wrong way. And I I think people sense a shift. They start working with me and I suddenly become this, like, super blunt person.

And also, like, I hate the kind of excuse if I'm busy because, basically, to me, when The phrase I'm busy means I'm poor. It's like, if I think wealth is freedom of time and to be able to spend it how you want than saying I don't have time, means I'm poor. And so I'm like, I don't wanna accept that that's also reality. So, you know, I'm trying to figure it out. Well, it's also there's two. I've what I've noticed is when I don't work with somebody, I text them differently when when we do work together. When we work together, it's like there's total filter I'm not gonna be nice. I'm just gonna be super blunt, and we're just gonna grind it out. And that's just business and whatever. And not I'm not being an asshole. I'm just being very to the point. But I think that can come across the wrong way. And I I think people sense a shift. They start working with me and I suddenly become this, like, super blunt person.

01:11:27

They're like, what happened?

They're like, what happened?

01:11:28

Alright. So I was back. Okay. So I got,

Alright. So I was back. Okay. So I got,

01:11:31

I got the categories here. Okay. So let's keep rolling. We have, I think, three big buckets left. Alright. So we're gonna do these together. So

I got the categories here. Okay. So let's keep rolling. We have, I think, three big buckets left. Alright. So we're gonna do these together. So

01:11:38

book of the year

book of the year

01:11:40

and or and then that's the first one. And then the second one to to do is, you know, a podcast newsletter or person you started following, you start subscribing to. So a book and something you started subscribing to that you really loved. Let's do, let's do Andrew first.

and or and then that's the first one. And then the second one to to do is, you know, a podcast newsletter or person you started following, you start subscribing to. So a book and something you started subscribing to that you really loved. Let's do, let's do Andrew first.

01:11:53

Okay. So I read this really great book that Sam, I think you'd love called Clash of The Titans. It's from the late nineties, and it's two parallel stories. One is Ted Turner and one is Rupert Murdoch.

Okay. So I read this really great book that Sam, I think you'd love called Clash of The Titans. It's from the late nineties, and it's two parallel stories. One is Ted Turner and one is Rupert Murdoch.

01:12:05

Right from the beginning and the stories are kind of interwoven and at various times they clash and, you know, try and buy the same businesses and stuff.

Right from the beginning and the stories are kind of interwoven and at various times they clash and, you know, try and buy the same businesses and stuff.

01:12:13

But it's two different

But it's two different

01:12:15

wacko billionaires.

wacko billionaires.

01:12:17

So these guys are both insane in their own ways. You know, Murdoch is like quiet, calculating a hundred percent focused on profit,

So these guys are both insane in their own ways. You know, Murdoch is like quiet, calculating a hundred percent focused on profit,

01:12:25

but very slick and smooth.

but very slick and smooth.

01:12:27

Ted turners like insane,

Ted turners like insane,

01:12:29

unpredictable, emotional,

unpredictable, emotional,

01:12:30

all about building a brand name,

all about building a brand name,

01:12:33

and making an impact. But it's really about him and his ego. Only five stars. Only five reviews on Amazon. It

and making an impact. But it's really about him and his ego. Only five stars. Only five reviews on Amazon. It

01:12:39

Yeah. It's like totally weird weird that I had to buy it in print, although I found it on, audible.

Yeah. It's like totally weird weird that I had to buy it in print, although I found it on, audible.

01:12:45

But, anyway, It was a really, really great read. I didn't know that much about Rupert Murdoch before this. And I gotta say he's obviously evil, but

But, anyway, It was a really, really great read. I didn't know that much about Rupert Murdoch before this. And I gotta say he's obviously evil, but

01:12:54

really amazing,

really amazing,

01:12:55

billionaire business person and that he's been going since nineteen fifty

billionaire business person and that he's been going since nineteen fifty

01:13:00

seven.

seven.

01:13:00

And he's somehow

And he's somehow

01:13:02

only now this is a huge number. He's only to us. He's he's only worth eight billion. And you see these other people who are worth like thirty who have been going for, like, five years.

only now this is a huge number. He's only to us. He's he's only worth eight billion. And you see these other people who are worth like thirty who have been going for, like, five years.

01:13:12

So it's it's, it's pretty wild. But anyway, great, great book. I met Rupert Murdoch once. Have you met him, Andrew?

So it's it's, it's pretty wild. But anyway, great, great book. I met Rupert Murdoch once. Have you met him, Andrew?

01:13:19

Yeah. You told this story. You went to some comp symposium or something. It was sharp. Right? Amazing. Basically,

Yeah. You told this story. You went to some comp symposium or something. It was sharp. Right? Amazing. Basically,

01:13:25

what he does is they own all these properties. They own, like, whatever Wall Street Journal Fox and, like, a whole bunch of other things. I don't know what they own exactly, but it's like a bunch of huge media publications.

what he does is they own all these properties. They own, like, whatever Wall Street Journal Fox and, like, a whole bunch of other things. I don't know what they own exactly, but it's like a bunch of huge media publications.

01:13:35

And,

And,

01:13:36

They're all these imprisons. They're all spread around the world, and he,

They're all these imprisons. They're all spread around the world, and he,

01:13:40

he gets everybody together once a year, and he rented out the top floor or top two floors of the win in Vegas.

he gets everybody together once a year, and he rented out the top floor or top two floors of the win in Vegas.

01:13:47

And he puts all of the CEOs of all the execs, so basically all the all of his different properties, puts them all out.

And he puts all of the CEOs of all the execs, so basically all the all of his different properties, puts them all out.

01:13:53

It was during CES, but they didn't attend CES. They were not down at the conference floor, shaking hands or anything like that. They were in his room, which is like the presidential suite or whatever,

It was during CES, but they didn't attend CES. They were not down at the conference floor, shaking hands or anything like that. They were in his room, which is like the presidential suite or whatever,

01:14:03

And, they would just start at eight AM, and they would go from eight AM to, like, six PM or something like that. And it would be back to back talks, thirty minute talks. They would just bring in some some somebody from some other field to give us, to give a talk, and they would grill them with questions, and they'd be like, thank you so much for coming next. It would be like,

And, they would just start at eight AM, and they would go from eight AM to, like, six PM or something like that. And it would be back to back talks, thirty minute talks. They would just bring in some some somebody from some other field to give us, to give a talk, and they would grill them with questions, and they'd be like, thank you so much for coming next. It would be like,

01:14:22

you know, the the number two guy at Facebook would go. Yeah. You went with, like, the skin.

you know, the the number two guy at Facebook would go. Yeah. You went with, like, the skin.

01:14:27

The skin was they then they have, like, three or four start as well, because it's, like, before before us, you know, it was, like, CEO of Slack, Stuart Butterfield went and gave his talk. And and by the way, is like, you know, there's thirty people in the room or something like that. So it's not like a presentation. It's like just someone kind of spitballing about what they're what they do in their view of the world. And, and then they get asked a bunch of questions. And so this goes, like, eight or nine hours straight.

The skin was they then they have, like, three or four start as well, because it's, like, before before us, you know, it was, like, CEO of Slack, Stuart Butterfield went and gave his talk. And and by the way, is like, you know, there's thirty people in the room or something like that. So it's not like a presentation. It's like just someone kind of spitballing about what they're what they do in their view of the world. And, and then they get asked a bunch of questions. And so this goes, like, eight or nine hours straight.

01:14:50

And if you look around the room, because I I I got there early, and I just stayed. We were talking at the end, but I sat in and sat in on the whole thing. It was amazing.

And if you look around the room, because I I I got there early, and I just stayed. We were talking at the end, but I sat in and sat in on the whole thing. It was amazing.

01:14:58

And, I looked around the room and people, you know, oh, there's the president of Fox and he's his attention's drifting and This person's, you know, that they own the New York Post, and they're they're on their phone. And Rupert Murdoch is like the star pupil. He's front he's in the first row He's, you know, sitting in the first row. He's a doesn't look at his phone. He's attentive the whole time. He's taking notes. He asks the best questions. And he had the most energy. Like, this guy went eight hours straight. He's he was, like, eighty seven years old at the time. He's ninety now, I think. And,

And, I looked around the room and people, you know, oh, there's the president of Fox and he's his attention's drifting and This person's, you know, that they own the New York Post, and they're they're on their phone. And Rupert Murdoch is like the star pupil. He's front he's in the first row He's, you know, sitting in the first row. He's a doesn't look at his phone. He's attentive the whole time. He's taking notes. He asks the best questions. And he had the most energy. Like, this guy went eight hours straight. He's he was, like, eighty seven years old at the time. He's ninety now, I think. And,

01:15:26

He's the oldest guy from no bathroom breaks. This guy, I don't know what this guy's got. Have you seen succession?

He's the oldest guy from no bathroom breaks. This guy, I don't know what this guy's got. Have you seen succession?

01:15:33

I've seen season one. And it's like So loosely based camera. It's amazing. Kinda. Yeah. And they, like, this old guy in succession,

I've seen season one. And it's like So loosely based camera. It's amazing. Kinda. Yeah. And they, like, this old guy in succession,

01:15:41

he grinds, man. He's they're they're, like, working at, like, twenty four hours a day. It's always serious shit. And and rumor is just like that. And when I hear that, I'm like, This seems miserable. How are they on all the time? They have so much energy.

he grinds, man. He's they're they're, like, working at, like, twenty four hours a day. It's always serious shit. And and rumor is just like that. And when I hear that, I'm like, This seems miserable. How are they on all the time? They have so much energy.

01:15:57

Right.

Right.

01:15:59

Well, not only that, but Rupert Murdoch, he's brought all of his kids. The reason succession's based on him is that he's brought all of his kids in to the business and then his kids have one by one failed to become the heir apparent and fought each other and they all hate each other and leak stuff to the press and it's it's really horrible. I think Rupert Murdoch is a great,

Well, not only that, but Rupert Murdoch, he's brought all of his kids. The reason succession's based on him is that he's brought all of his kids in to the business and then his kids have one by one failed to become the heir apparent and fought each other and they all hate each other and leak stuff to the press and it's it's really horrible. I think Rupert Murdoch is a great,

01:16:19

he's a great way to invert. You know, what do we not want? I don't wanna become Rupert Murdoch because doesn't seem like fun to me. Although maybe he has personality,

he's a great way to invert. You know, what do we not want? I don't wanna become Rupert Murdoch because doesn't seem like fun to me. Although maybe he has personality,

01:16:27

maybe that works out. I really respect him. Okay. So then you're,

maybe that works out. I really respect him. Okay. So then you're,

01:16:32

you subscribe to Andrew. So,

you subscribe to Andrew. So,

01:16:34

podcast, newsletter, whatever. So,

podcast, newsletter, whatever. So,

01:16:36

yeah. And there's not really I I kind of got off Twitter, although I've been kinda getting back into it a little bit.

yeah. And there's not really I I kind of got off Twitter, although I've been kinda getting back into it a little bit.

01:16:42

And I haven't subscribed to any newsletters at all this year. I've just I'd Odied last year. The person I used, I really have been enjoying their tweets is, your friend Nikita in He'd a buyer. He had a really great tweet recently where so, you know, all these people, they do aqua hires to Facebook and Facebook basically just buys companies to shut them down. Right? They find promising social networks that might compete with them. They go buy them for tens of millions of dollars before they turn into anything. And they bought his company And it's kind of like a prison for entrepreneurs. They make you sit around for three to five years and vest your stock, and a lot of people hate it. And he had this great tweet where he says,

And I haven't subscribed to any newsletters at all this year. I've just I'd Odied last year. The person I used, I really have been enjoying their tweets is, your friend Nikita in He'd a buyer. He had a really great tweet recently where so, you know, all these people, they do aqua hires to Facebook and Facebook basically just buys companies to shut them down. Right? They find promising social networks that might compete with them. They go buy them for tens of millions of dollars before they turn into anything. And they bought his company And it's kind of like a prison for entrepreneurs. They make you sit around for three to five years and vest your stock, and a lot of people hate it. And he had this great tweet where he says,

01:17:20

I'm I'm leaving,

I'm I'm leaving,

01:17:21

Facebook after three years. Here's a thread of everything I learned points down. I thought that was

Facebook after three years. Here's a thread of everything I learned points down. I thought that was

01:17:28

awesome. Know, he was sitting on that one for for four years. As he vested out, he's like, here's how I'm gonna go out.

awesome. Know, he was sitting on that one for for four years. As he vested out, he's like, here's how I'm gonna go out.

01:17:35

Okay. Great. Sam what you got, book, and podcast newsletter, whatever.

Okay. Great. Sam what you got, book, and podcast newsletter, whatever.

01:17:39

Book. I'm gonna go with endurance story about a shipwreck, and then I'll also go with Empire The Summer Moon. It's about the comanche Indians. They're just and and the Texas rangers and how they fought, and they're all just fucking savages. The rate

Book. I'm gonna go with endurance story about a shipwreck, and then I'll also go with Empire The Summer Moon. It's about the comanche Indians. They're just and and the Texas rangers and how they fought, and they're all just fucking savages. The rate

01:17:53

Dude,

Dude,

01:17:54

and by the way, when I said savages, I've been the native Americans and also the Texas Rangers. They're all they treat each other horribly. Endurance is amazing. It makes me feel like my life is meaningless and soft.

and by the way, when I said savages, I've been the native Americans and also the Texas Rangers. They're all they treat each other horribly. Endurance is amazing. It makes me feel like my life is meaningless and soft.

01:18:05

And then things that I followed this year.

And then things that I followed this year.

01:18:08

Okay. The first layered Hamilton,

Okay. The first layered Hamilton,

01:18:10

I learned all about him this year. That guy has the ideal life in my opinion. He Surfer, business man. Pretty amazing. Cool, dude.

I learned all about him this year. That guy has the ideal life in my opinion. He Surfer, business man. Pretty amazing. Cool, dude.

01:18:17

The second is how to take over the world, Ben Wilson's podcast,

The second is how to take over the world, Ben Wilson's podcast,

01:18:20

one of the best things I've subscribed to. And I'm gonna suck up even further. Sean, the the five bullet for or the five tweet Tuesday, baby. That's freaking awesome. I like that too. So those are the things I started following this year. Alright. Love it.

one of the best things I've subscribed to. And I'm gonna suck up even further. Sean, the the five bullet for or the five tweet Tuesday, baby. That's freaking awesome. I like that too. So those are the things I started following this year. Alright. Love it.

01:18:34

Okay. So mine, book. Okay. I just started reading this book. So this is gonna sound a little silly because I'm ten pages in. Do you read?

Okay. So mine, book. Okay. I just started reading this book. So this is gonna sound a little silly because I'm ten pages in. Do you read?

01:18:42

Thank you.

Thank you.

01:18:43

Do you read?

Do you read?

01:18:46

I, I dabble. I basically have, like, you know, I'll buy fifty books in a year, and I'll read, you know, ten to thirty percent of ten to thirty percent of them. But it's like I read one book at the end of the year.

I, I dabble. I basically have, like, you know, I'll buy fifty books in a year, and I'll read, you know, ten to thirty percent of ten to thirty percent of them. But it's like I read one book at the end of the year.

01:18:59

So this one, I've read ten pages so far. And in the first ten pages, This book has more wisdom than anything I've ever read. And I'm not saying I read a bunch of wisdom, so that's the caveat,

So this one, I've read ten pages so far. And in the first ten pages, This book has more wisdom than anything I've ever read. And I'm not saying I read a bunch of wisdom, so that's the caveat,

01:19:10

but,

but,

01:19:11

is this book called Think on these things. And it's by this philosopher guy named Krishna Murti.

is this book called Think on these things. And it's by this philosopher guy named Krishna Murti.

01:19:16

And,

And,

01:19:18

I don't know where I think in evolve, maybe mentioned this guy's name as Christopher Murphy and I went and bought this book. I sat on my couch for, like, you know, a year. I didn't look at it. And then I just picked it up one day, and ten pages in.

I don't know where I think in evolve, maybe mentioned this guy's name as Christopher Murphy and I went and bought this book. I sat on my couch for, like, you know, a year. I didn't look at it. And then I just picked it up one day, and ten pages in.

01:19:28

I literally I've reread the first ten pages three times,

I literally I've reread the first ten pages three times,

01:19:32

and I, like, I just don't even wanna go on. I'm like, oh, this one principally two principles that are in this first ten pages are so good that if I internalize these, you know, my life changes, and it's just amazing.

and I, like, I just don't even wanna go on. I'm like, oh, this one principally two principles that are in this first ten pages are so good that if I internalize these, you know, my life changes, and it's just amazing.

01:19:42

I just I'm looking at it now.

I just I'm looking at it now.

01:19:44

Sounds awesome. I just bought it.

Sounds awesome. I just bought it.

01:19:47

Yeah. I mean, I sold it pretty hard. Yeah. Alright. So that's that's the first book.

Yeah. I mean, I sold it pretty hard. Yeah. Alright. So that's that's the first book.

01:19:51

Second, this the thing I describe to. This is kind of a, again, a little bit of an expected one, but I listened to the All In podcast.

Second, this the thing I describe to. This is kind of a, again, a little bit of an expected one, but I listened to the All In podcast.

01:19:57

I don't know if you guys listen, Sam. I don't think you like it. Right? Or you don't listen? I don't listen to any business podcast. Andrew, do you listen? I feel like this might be up your alley? Yeah. I find I

I don't know if you guys listen, Sam. I don't think you like it. Right? Or you don't listen? I don't listen to any business podcast. Andrew, do you listen? I feel like this might be up your alley? Yeah. I find I

01:20:05

I love I love Olin, but I found it was like,

I love I love Olin, but I found it was like,

01:20:09

too stressful. The time I listen to podcasts in the evening, and the last thing I wanna do is get pumped up on deals and what's going on in tech. So I stop listening to it and specific I would actually say David Freedberg on the podcast. I actually find,

too stressful. The time I listen to podcasts in the evening, and the last thing I wanna do is get pumped up on deals and what's going on in tech. So I stop listening to it and specific I would actually say David Freedberg on the podcast. I actually find,

01:20:23

the rest of them to be very smart and very entertaining but very obnoxious to me personally. Yeah. Like, you know, like, I'm sure these are they're obviously successful. They're obviously, you know, probably, you know, fun to hang out with and things like that. Well, David's like the real nerd. But he's the real nerd, and he's the only one I feel like is never is never presenting a face He's never virtue signaling or, like, building their brand by saying certain shit. Like, I think Shamath is amazing, but also I think he virtue signals a bunch.

the rest of them to be very smart and very entertaining but very obnoxious to me personally. Yeah. Like, you know, like, I'm sure these are they're obviously successful. They're obviously, you know, probably, you know, fun to hang out with and things like that. Well, David's like the real nerd. But he's the real nerd, and he's the only one I feel like is never is never presenting a face He's never virtue signaling or, like, building their brand by saying certain shit. Like, I think Shamath is amazing, but also I think he virtue signals a bunch.

01:20:50

You know, I think that, you know, Jason kind of says he's a man of the people, but,

You know, I think that, you know, Jason kind of says he's a man of the people, but,

01:20:56

like, I think he's kinda like high class and likes hanging out with high class people and doing high class shit.

like, I think he's kinda like high class and likes hanging out with high class people and doing high class shit.

01:21:01

But that's what that's what makes it good. Is they're all they're they're they're all, like, best friends, but they're horrible to each other. And they're all

But that's what that's what makes it good. Is they're all they're they're they're all, like, best friends, but they're horrible to each other. And they're all

01:21:10

they're all very they're very very complicated personalities. Every single one of them, and that's exactly a great TV show where the characters have flaws.

they're all very they're very very complicated personalities. Every single one of them, and that's exactly a great TV show where the characters have flaws.

01:21:18

And, you know, David Sachs is super smart, but then, like, super fucking political and to kind of a extent. It is always just looking for some story that, like, supports his point of view.

And, you know, David Sachs is super smart, but then, like, super fucking political and to kind of a extent. It is always just looking for some story that, like, supports his point of view.

01:21:29

And usually that point of view is that everybody else is biased, but, like, you know, clearly just

And usually that point of view is that everybody else is biased, but, like, you know, clearly just

01:21:33

constantly searching for information about how other people are biased.

constantly searching for information about how other people are biased.

01:21:37

So anyways, I think that there's I love the show. I enjoy the show a lot and those characters, but I think David Freeberg is actually

So anyways, I think that there's I love the show. I enjoy the show a lot and those characters, but I think David Freeberg is actually

01:21:43

the one who, is kind of like a star discovery for me this year of, like, super smart, gives great information about science and stuff like that, is very balanced and fair in his, like, PoV,

the one who, is kind of like a star discovery for me this year of, like, super smart, gives great information about science and stuff like that, is very balanced and fair in his, like, PoV,

01:21:56

while still being saying interesting things and is I feel like he's not trying to build his personal brand and popularity through the through the show. So,

while still being saying interesting things and is I feel like he's not trying to build his personal brand and popularity through the through the show. So,

01:22:05

you know, to the extent that everybody is when you create content, like, I think he does a good job of not.

you know, to the extent that everybody is when you create content, like, I think he does a good job of not.

01:22:11

And one of the reasons, by the way, I criticize those other guys for doing that sometimes is I Right? You spot it because you got it. It's like, I sometimes will say something that, like, I know makes me look good or, you know, presents me in a certain myself in a certain way you know, I see it when other people do it too.

And one of the reasons, by the way, I criticize those other guys for doing that sometimes is I Right? You spot it because you got it. It's like, I sometimes will say something that, like, I know makes me look good or, you know, presents me in a certain myself in a certain way you know, I see it when other people do it too.

01:22:26

So anyways, all in is, like, you know, maybe the thing I I've enjoyed new thing, new show I've enjoyed subscribing to. That's great. Alright. Do we wanna what was the last one? Was Okay. I got I got two more. So there's this is a quick one. MFM guest of the year. So who was the best guest that came on the pod?

So anyways, all in is, like, you know, maybe the thing I I've enjoyed new thing, new show I've enjoyed subscribing to. That's great. Alright. Do we wanna what was the last one? Was Okay. I got I got two more. So there's this is a quick one. MFM guest of the year. So who was the best guest that came on the pod?

01:22:41

And then your person of the year, somebody you really enjoyed getting to know, hanging out with. We're But what about industry and company? That's gonna be the last one. Alright. I'll go first. Rob Dyrdek and Ariel Hawaiani for guests of the year. Rob Dyrdek blew my mind, Ariel, He he was the biggest fan. I'm the biggest fan. That was a like, I'm the biggest fan of his of everyone we did. And then what was the second question?

And then your person of the year, somebody you really enjoyed getting to know, hanging out with. We're But what about industry and company? That's gonna be the last one. Alright. I'll go first. Rob Dyrdek and Ariel Hawaiani for guests of the year. Rob Dyrdek blew my mind, Ariel, He he was the biggest fan. I'm the biggest fan. That was a like, I'm the biggest fan of his of everyone we did. And then what was the second question?

01:23:02

Someone person of the year? Just your person of the year. Sam's person of the year. Who who did Dude, I'm gonna suck up again. I gotta say Ben and Sean.

Someone person of the year? Just your person of the year. Sam's person of the year. Who who did Dude, I'm gonna suck up again. I gotta say Ben and Sean.

01:23:10

I've been I'm like, So we just crossed, like, two million,

I've been I'm like, So we just crossed, like, two million,

01:23:14

listens per thirty days.

listens per thirty days.

01:23:16

I think we hit two point one or something like that.

I think we hit two point one or something like that.

01:23:19

I'm very very this is the thing I'm most proud of that we've done. And,

I'm very very this is the thing I'm most proud of that we've done. And,

01:23:24

so I would say,

so I would say,

01:23:25

and and with Ben, I think we found the perfect third man.

and and with Ben, I think we found the perfect third man.

01:23:29

So shout out to the were you tearing up just a little bit there? It seemed like you I've I've been very

So shout out to the were you tearing up just a little bit there? It seemed like you I've I've been very

01:23:36

kind to Sean and,

kind to Sean and,

01:23:38

like all the people involved in this podcast where they were like, why are you being so nice? I'm just really proud of of what we've done. It's it's something I've been very proud of. Dude, when we went to Miami for the live show, so the other Ben, the Ben that works for me, my my partner, he, he came with. And he's like, I'm finally getting to meet Sam. Like, I've heard him on the pod for hours and hours. I've never met him. And I was like, yeah, he's great. And I was like, you know, but, like, hey, if Sam, like, gets, like, impatient with you or, like, anything like that. Don't take it personally. Like, you know, it's just kinda his style. Like, you know, when he we're doing a live show, he's gonna want it to go well. It might be high, you know, high pressure, and I've seen them kind of like go off on people sometimes if, like, you know, whatever. And we get there. And Sam was Zen Sam. He was so kind

like all the people involved in this podcast where they were like, why are you being so nice? I'm just really proud of of what we've done. It's it's something I've been very proud of. Dude, when we went to Miami for the live show, so the other Ben, the Ben that works for me, my my partner, he, he came with. And he's like, I'm finally getting to meet Sam. Like, I've heard him on the pod for hours and hours. I've never met him. And I was like, yeah, he's great. And I was like, you know, but, like, hey, if Sam, like, gets, like, impatient with you or, like, anything like that. Don't take it personally. Like, you know, it's just kinda his style. Like, you know, when he we're doing a live show, he's gonna want it to go well. It might be high, you know, high pressure, and I've seen them kind of like go off on people sometimes if, like, you know, whatever. And we get there. And Sam was Zen Sam. He was so kind

01:24:18

so thoughtful, so nice, so happy. And Ben was like, what the fuck were you talking about, dude? I was like, I don't know where this came from. This hundred percent happy Sam, but, like, amazing. And I feel like the whole I don't fit the acquisition or you know, whatever the the working out. I don't know what you're doing, but you you've been much happier this year. It's amazing. I see. It's part acquisition, and and we're getting the results. We're finally getting we're we're finally becoming as popular as I thought we should.

so thoughtful, so nice, so happy. And Ben was like, what the fuck were you talking about, dude? I was like, I don't know where this came from. This hundred percent happy Sam, but, like, amazing. And I feel like the whole I don't fit the acquisition or you know, whatever the the working out. I don't know what you're doing, but you you've been much happier this year. It's amazing. I see. It's part acquisition, and and we're getting the results. We're finally getting we're we're finally becoming as popular as I thought we should.

01:24:45

You're you're not you're not threatened anymore. Right? Like before

You're you're not you're not threatened anymore. Right? Like before

01:24:49

if the hustle failed or anything went bad, that directly

if the hustle failed or anything went bad, that directly

01:24:53

hurts you and you're that you have thirty. Right? So you're not you're like a dog. You're like a dog. You have ample food now. You don't need to And it's just like it's it it's been two years. It hasn't been that long since we've been doing this. Maybe two and a half years I forget. And it's finally, like, coming to fruition, and it's the hardest thing. Growing the growing the hustle wasn't that hard. Growing this has been very hard. Dude, I just wanna say, I'm so I'm so happy for you because I thought you're gonna sell the hub spot and be out of there in, like, three months, be bitter, upset you sold your baby, and it's so cool to see the podcast going so well, the hustle going so well, trends going so well. All the people still there, and you actually like the guy you sold too. That's Yeah. I mean, I think I have undersold I've definitely have some regrets, but I don't regret it at all. And I'm I'm I'm happy. I enjoy I intend to do this podcast for a very long time. ESTing is a hell of a drug.

hurts you and you're that you have thirty. Right? So you're not you're like a dog. You're like a dog. You have ample food now. You don't need to And it's just like it's it it's been two years. It hasn't been that long since we've been doing this. Maybe two and a half years I forget. And it's finally, like, coming to fruition, and it's the hardest thing. Growing the growing the hustle wasn't that hard. Growing this has been very hard. Dude, I just wanna say, I'm so I'm so happy for you because I thought you're gonna sell the hub spot and be out of there in, like, three months, be bitter, upset you sold your baby, and it's so cool to see the podcast going so well, the hustle going so well, trends going so well. All the people still there, and you actually like the guy you sold too. That's Yeah. I mean, I think I have undersold I've definitely have some regrets, but I don't regret it at all. And I'm I'm I'm happy. I enjoy I intend to do this podcast for a very long time. ESTing is a hell of a drug.

01:25:43

Wait. Did I go off script?

Wait. Did I go off script?

01:25:45

Do you the thing you paid me to say earlier?

Do you the thing you paid me to say earlier?

01:25:48

Alright.

Alright.

01:25:50

Alright. Andrew, guest of the year, and your just your favorite person you got to hang out and interact with.

Alright. Andrew, guest of the year, and your just your favorite person you got to hang out and interact with.

01:25:56

So my favorite guest was,

So my favorite guest was,

01:25:58

Step Smith is always amazing. Like, I I I tweeted this out, but I think it's like she just drops thousand dollar bills on the ground for amazing entrepreneurs to pick up. There's just so many great ideas.

Step Smith is always amazing. Like, I I I tweeted this out, but I think it's like she just drops thousand dollar bills on the ground for amazing entrepreneurs to pick up. There's just so many great ideas.

01:26:08

And I think for you guys, the best format is a a shitload of quick hits and ideas,

And I think for you guys, the best format is a a shitload of quick hits and ideas,

01:26:14

and I think she really always delivers on that. Don't really always love it when you guys just interview someone about what they're doing. The other one I loved was Huberman for that exact same reason. Just like You know, I got them on your thread. Right? You tweeted that you love him, and I also like him, and I just said, Hey, Andrew, dm me, come on the pot. It was on your thread.

and I think she really always delivers on that. Don't really always love it when you guys just interview someone about what they're doing. The other one I loved was Huberman for that exact same reason. Just like You know, I got them on your thread. Right? You tweeted that you love him, and I also like him, and I just said, Hey, Andrew, dm me, come on the pot. It was on your thread.

01:26:34

Yeah. Yeah. No way. Oh, that's amazing. Yeah. He's he's amazing. He's been like actually, I should have said before. He's probably my favorite podcast subscription. I just love his stuff. It's so in-depth.

Yeah. Yeah. No way. Oh, that's amazing. Yeah. He's he's amazing. He's been like actually, I should have said before. He's probably my favorite podcast subscription. I just love his stuff. It's so in-depth.

01:26:45

And then what was the other question? Person in your life. FA your favorite person would be your non family.

And then what was the other question? Person in your life. FA your favorite person would be your non family.

01:26:53

So I would say, well, I I may have talked to him before, but this guy Kimiya, who,

So I would say, well, I I may have talked to him before, but this guy Kimiya, who,

01:26:59

We started a business with,

We started a business with,

01:27:01

last year. We started this negotiation business called buyer with him. And I just freaking so I'll I'll just share basically what happened. So, basically, met this guy, super scrappy entrepreneur, told me he wanted to start something. And he told me he loved negotiating randomly in like some conversation.

last year. We started this negotiation business called buyer with him. And I just freaking so I'll I'll just share basically what happened. So, basically, met this guy, super scrappy entrepreneur, told me he wanted to start something. And he told me he loved negotiating randomly in like some conversation.

01:27:17

And so I started testing him. I'd be like, Hey, I'm going to, you know, I'm buying a nice car. Can you negotiate it for me? Or, hey, we're buying a bunch of desks for the office. Right? And the guy would just save me, like, forty percent on everything and hustle, and he's awesome. And so I was, like, Okay, dude, this should be a business. Like negotiation as a service, you need, you know, a lease negotiation,

And so I started testing him. I'd be like, Hey, I'm going to, you know, I'm buying a nice car. Can you negotiate it for me? Or, hey, we're buying a bunch of desks for the office. Right? And the guy would just save me, like, forty percent on everything and hustle, and he's awesome. And so I was, like, Okay, dude, this should be a business. Like negotiation as a service, you need, you know, a lease negotiation,

01:27:38

SaaS software, whatever, So we start this business called buyer. We go fifty fifty on it. I promote it and talk about it given the rails and accounting and stuff. And we literally I think we started it for, like, fifty or a hundred grand, and we sold it to ramp

SaaS software, whatever, So we start this business called buyer. We go fifty fifty on it. I promote it and talk about it given the rails and accounting and stuff. And we literally I think we started it for, like, fifty or a hundred grand, and we sold it to ramp

01:27:53

about maybe six months ago now. For single digit millions. And so we went from like fifty k to, you know, single digit millions in a year. Amazing it for him. I would have loved to keep owning the business, but this is what he wanted to do. And it was just so cool

about maybe six months ago now. For single digit millions. And so we went from like fifty k to, you know, single digit millions in a year. Amazing it for him. I would have loved to keep owning the business, but this is what he wanted to do. And it was just so cool

01:28:09

watching somebody

watching somebody

01:28:10

actually take the baton and then run the marathon.

actually take the baton and then run the marathon.

01:28:15

And the guy's just freaking awesome.

And the guy's just freaking awesome.

01:28:17

You know, I don't know. I mean, we were we were already profitable. I think we could have made a couple hundred thousand dollars of profit in the first year. I told him I was like, look, like, I think we should hold this, but,

You know, I don't know. I mean, we were we were already profitable. I think we could have made a couple hundred thousand dollars of profit in the first year. I told him I was like, look, like, I think we should hold this, but,

01:28:28

for him, you know, is it was the first time he was ever gonna have a good man like that. And you can't undervalue.

for him, you know, is it was the first time he was ever gonna have a good man like that. And you can't undervalue.

01:28:34

He's he's working a ramp.

He's he's working a ramp.

01:28:36

So he and you just can't undervalue, you know, getting a couple

So he and you just can't undervalue, you know, getting a couple

01:28:39

a couple of million bucks out of your jeans. Right?

a couple of million bucks out of your jeans. Right?

01:28:43

I think it's still I think that's a great I think that's a I think they've rolled it in. Someone should just copy that. Yeah. Yeah. It says right here. Yeah. They've, like, integrated it into ramp.

I think it's still I think that's a great I think that's a I think they've rolled it in. Someone should just copy that. Yeah. Yeah. It says right here. Yeah. They've, like, integrated it into ramp.

01:28:53

Buyer dot com or no, buyer dot com. Yeah. How much you could just do that again. I thought that that one had legs.

Buyer dot com or no, buyer dot com. Yeah. How much you could just do that again. I thought that that one had legs.

01:29:00

If anyone's listening and wants to restart that business with me, because, like, I don't think RAM would care. Like, we would even say, like, we won't do SAS or something. But just I want someone to negotiate a car or a lease or, you know, these big ticket things. Your

If anyone's listening and wants to restart that business with me, because, like, I don't think RAM would care. Like, we would even say, like, we won't do SAS or something. But just I want someone to negotiate a car or a lease or, you know, these big ticket things. Your

01:29:14

your turn. Okay. So, guest of the year, I had,

your turn. Okay. So, guest of the year, I had,

01:29:19

Hassan Minhage. I thought he

Hassan Minhage. I thought he

01:29:21

Yeah. Brought it. And, what I loved about it was I thought the episode was good. But I love that he genuinely listens to the pod and,

Yeah. Brought it. And, what I loved about it was I thought the episode was good. But I love that he genuinely listens to the pod and,

01:29:29

like, it was a conversation. It wasn't an interview. Almost every guest is, like, they show up cold. They usually never they've heard about the show, but they never listened to it or listened to one episode just to prep for it. And,

like, it was a conversation. It wasn't an interview. Almost every guest is, like, they show up cold. They usually never they've heard about the show, but they never listened to it or listened to one episode just to prep for it. And,

01:29:41

and the ones who do, like, Dharmesh, he listens to every episode, he came on, guess what? He's fired. Right? Steph listens to the episodes. She knows the vibe. This was the same. Now he's not like a business idea machine

and the ones who do, like, Dharmesh, he listens to every episode, he came on, guess what? He's fired. Right? Steph listens to the episodes. She knows the vibe. This was the same. Now he's not like a business idea machine

01:29:52

But,

But,

01:29:53

man, the feedback I got from that episode of people just being like, dude, that conversation, it literally felt like I was in the room. I thought that was something cool. That was something very, like, very Are you guys like homies now?

man, the feedback I got from that episode of people just being like, dude, that conversation, it literally felt like I was in the room. I thought that was something cool. That was something very, like, very Are you guys like homies now?

01:30:03

Yeah. We text all the time and Isn't that funny?

Yeah. We text all the time and Isn't that funny?

01:30:06

What's the what's this story? So he listened and then messaged you? Or how did you crazy connect the dot story? Actually, so there's a another guy who's a comedy writer for a TV show

What's the what's this story? So he listened and then messaged you? Or how did you crazy connect the dot story? Actually, so there's a another guy who's a comedy writer for a TV show

01:30:17

His name's Azar,

His name's Azar,

01:30:18

and he he writes the show Remi on Hulu.

and he he writes the show Remi on Hulu.

01:30:22

And so he listens to the show. I don't know how he discovered it. He listens and he was like, dude, this is great. Now his network is people in kind of like Hollywood and like, specifically maybe like Brown Hollywood. And so he tipped a few people to it. And and I took, like, a random meeting with him. You know, I have this one block every week just for random spontaneous meetings with cool people that are, like, in my orbit.

And so he listens to the show. I don't know how he discovered it. He listens and he was like, dude, this is great. Now his network is people in kind of like Hollywood and like, specifically maybe like Brown Hollywood. And so he tipped a few people to it. And and I took, like, a random meeting with him. You know, I have this one block every week just for random spontaneous meetings with cool people that are, like, in my orbit.

01:30:41

And so I took the media with him. We had great vibes, we connected, great. And, I think he then told Hudson, you dude, you gotta listen to this show. And so then he started listening from there, and then he reached out. He dmed and was like, alright, my a couple of my Twitter threads went viral, like the clubhouse one and then this other one, the Metiverse one, And after each one, he would reach out and be like, dude, that was like that was so good. And one time, he just called me. And at the end of that, I was like, dude, he's like, we he's like, we gotta meet. He's like, I'm doing a show in San Francisco. Let's come. I go, Great. Can you, stay an extra day and let's record the pod? Oh, really? So that's what he that's what he did. He's like, yeah. He's like, as long as it's in person, I'll do it. I said, great. Can you extend your trip one day? And that's what he did. He did eight shows over a weekend, and he stayed an extra Monday, and then we recorded it. God. That's pretty bad ass. Isn't that awesome? That's one of the greatest talks about this. Another example.

And so I took the media with him. We had great vibes, we connected, great. And, I think he then told Hudson, you dude, you gotta listen to this show. And so then he started listening from there, and then he reached out. He dmed and was like, alright, my a couple of my Twitter threads went viral, like the clubhouse one and then this other one, the Metiverse one, And after each one, he would reach out and be like, dude, that was like that was so good. And one time, he just called me. And at the end of that, I was like, dude, he's like, we he's like, we gotta meet. He's like, I'm doing a show in San Francisco. Let's come. I go, Great. Can you, stay an extra day and let's record the pod? Oh, really? So that's what he that's what he did. He's like, yeah. He's like, as long as it's in person, I'll do it. I said, great. Can you extend your trip one day? And that's what he did. He did eight shows over a weekend, and he stayed an extra Monday, and then we recorded it. God. That's pretty bad ass. Isn't that awesome? That's one of the greatest talks about this. Another example.

01:31:30

Cool. See, this is this is why I don't understand why anyone does public speaking. Like, you look you look at this and you're literally reaching millions of people and it's all these random people you'd never expect to meet. Yeah. When this episode is over, I'm gonna, like, click close, and then I'm gonna go, like, feed my daughter lunch and, like, you know, not have to be on a flight somewhere, you know, Albuquerque to because I gave a talk.

Cool. See, this is this is why I don't understand why anyone does public speaking. Like, you look you look at this and you're literally reaching millions of people and it's all these random people you'd never expect to meet. Yeah. When this episode is over, I'm gonna, like, click close, and then I'm gonna go, like, feed my daughter lunch and, like, you know, not have to be on a flight somewhere, you know, Albuquerque to because I gave a talk.

01:31:50

Well, one of the one of the things I thought was weird. So you you talked about this on one of the episodes where you said, you know, you brainstormed with him business ideas or whatever,

Well, one of the one of the things I thought was weird. So you you talked about this on one of the episodes where you said, you know, you brainstormed with him business ideas or whatever,

01:31:59

Why why would you if he doesn't like touring, like, you were like, oh, yeah. You could tour and make all this money. But dude, like, I think that seems flying from city to city to city staying in hotels. I I would say that's a it's a good and bad. I, as I talked to him about it, he's like, Well, obviously, the feeling of, like, a live crowd is a thrill and exhilaration, like, musicians, comedians, athletes. It's really the only ones who get that, like, insane love from thousands of people while you perform your best work. Like, that's a pretty good feeling. So that's addictive.

Why why would you if he doesn't like touring, like, you were like, oh, yeah. You could tour and make all this money. But dude, like, I think that seems flying from city to city to city staying in hotels. I I would say that's a it's a good and bad. I, as I talked to him about it, he's like, Well, obviously, the feeling of, like, a live crowd is a thrill and exhilaration, like, musicians, comedians, athletes. It's really the only ones who get that, like, insane love from thousands of people while you perform your best work. Like, that's a pretty good feeling. So that's addictive.

01:32:30

The downside is. It it it is definitely cool when you're single too. The and then the other upside is you make a shit ton of money off of it. So touring is a great business model. It's basically the music industry makes all its money touring now live shows. So touring is where you can make substantial amount of money compared to online stuff. The

The downside is. It it it is definitely cool when you're single too. The and then the other upside is you make a shit ton of money off of it. So touring is a great business model. It's basically the music industry makes all its money touring now live shows. So touring is where you can make substantial amount of money compared to online stuff. The

01:32:48

So the bad the downside is he just had, you know, his second kid and you're out of the home for, like, a significant period of time and, you know, bring on the road can get really tiring and your health blah blah blah. Well, it's also linear. You know, you're limited to the number of people that can fit in this space. I don't know if you did you hear the idea I gave them, which was create, you know, Hamilton for Brown people.

So the bad the downside is he just had, you know, his second kid and you're out of the home for, like, a significant period of time and, you know, bring on the road can get really tiring and your health blah blah blah. Well, it's also linear. You know, you're limited to the number of people that can fit in this space. I don't know if you did you hear the idea I gave them, which was create, you know, Hamilton for Brown people.

01:33:08

Yeah. The Hamilton. I thought I liked that. That's great. This is a winner. Alright. Let's do the last two. Right? Last two. So last two is company to watch and

Yeah. The Hamilton. I thought I liked that. That's great. This is a winner. Alright. Let's do the last two. Right? Last two. So last two is company to watch and

01:33:17

and or, like, a prediction, yeah, crazy prediction for twenty twenty two. So company to watch for twenty two two or crazy prediction and or No. So then it'd be it's sorry. You you're missing one. So it's company to watch, industry you got your IO next year, and then prediction.

and or, like, a prediction, yeah, crazy prediction for twenty twenty two. So company to watch for twenty two two or crazy prediction and or No. So then it'd be it's sorry. You you're missing one. So it's company to watch, industry you got your IO next year, and then prediction.

01:33:33

Yeah. Something like that. Yeah. Do you see those three. Alright. Let me go first. Predict. I think San Francisco is gonna be cool again.

Yeah. Something like that. Yeah. Do you see those three. Alright. Let me go first. Predict. I think San Francisco is gonna be cool again.

01:33:40

By the way, can I read out our predictions from last year? Yeah. Because I think we got some wrong. So our prediction for last year You said San Francisco will bounce back, continue to be the center of tech for decades. I said that. Yeah. You said that. You go.

By the way, can I read out our predictions from last year? Yeah. Because I think we got some wrong. So our prediction for last year You said San Francisco will bounce back, continue to be the center of tech for decades. I said that. Yeah. You said that. You go.

01:33:55

You said, and then your second one was that pornhub and large companies will be it'll be normal to pay pay subscriptions for porn.

You said, and then your second one was that pornhub and large companies will be it'll be normal to pay pay subscriptions for porn.

01:34:01

Okay. I think San Francisco went down the drain this year so far. And, I don't I don't know anybody paying for porn really except for, I guess, only fans, you got that part right.

Okay. I think San Francisco went down the drain this year so far. And, I don't I don't know anybody paying for porn really except for, I guess, only fans, you got that part right.

01:34:10

That's huge. Yeah. Only fans. That's literally subscription that one. Just not born up. Then San Francisco is still gonna come back. I still believe it. Andrew, you said you said, no one's gonna give a shit about COVID in a year or it's gonna bounce back much faster than people think and they're gonna forget about And I was like, yeah. Me too. I agree with you, Andrew. That was mine as well. I think you're wrong. We were both

That's huge. Yeah. Only fans. That's literally subscription that one. Just not born up. Then San Francisco is still gonna come back. I still believe it. Andrew, you said you said, no one's gonna give a shit about COVID in a year or it's gonna bounce back much faster than people think and they're gonna forget about And I was like, yeah. Me too. I agree with you, Andrew. That was mine as well. I think you're wrong. We were both

01:34:29

that's I I think it's true. If you go to the States right now, I mean, no it's like everything's open. Nobody cares about it. It's totally I don't know. Not this week. The fact that we've done an entire episode We're living in a pandemic, and nobody's mentioned anything about it in an hour and a half. Right? Like, it's totally I think it could be made both both ways. Both both ways. And then what was the other one? That was it. So mine was mine was a cop. I I had to Alright. So

that's I I think it's true. If you go to the States right now, I mean, no it's like everything's open. Nobody cares about it. It's totally I don't know. Not this week. The fact that we've done an entire episode We're living in a pandemic, and nobody's mentioned anything about it in an hour and a half. Right? Like, it's totally I think it could be made both both ways. Both both ways. And then what was the other one? That was it. So mine was mine was a cop. I I had to Alright. So

01:34:54

I said my prediction. Alright. Company to watch. This YouTuber named meet Kevin. I've been watching this guy. He has a fifty one million dollar portfolio and he reveals the whole thing and now his business is making thirty million dollars a year with four employees.

I said my prediction. Alright. Company to watch. This YouTuber named meet Kevin. I've been watching this guy. He has a fifty one million dollar portfolio and he reveals the whole thing and now his business is making thirty million dollars a year with four employees.

01:35:08

I think that Sean said one day there's gonna be a billionaire YouTuber. I think meet Kevin is the guy who potentially

I think that Sean said one day there's gonna be a billionaire YouTuber. I think meet Kevin is the guy who potentially

01:35:14

could do it. And then industry that I got my eye on at home diagnostics.

could do it. And then industry that I got my eye on at home diagnostics.

01:35:19

I'm incredibly fascinated with at home diagnostics.

I'm incredibly fascinated with at home diagnostics.

01:35:22

I've been I've tried all of them. I think a lot of them are really cool, and I think it's gonna continue to boom. And I think it should continue to boom because we need it. Okay. Great. Andrew, what are yours,

I've been I've tried all of them. I think a lot of them are really cool, and I think it's gonna continue to boom. And I think it should continue to boom because we need it. Okay. Great. Andrew, what are yours,

01:35:32

company to watch?

company to watch?

01:35:34

Crazy prediction,

Crazy prediction,

01:35:36

And what was the other one? What industry to watch? Yeah. Industry watch. Yeah.

And what was the other one? What industry to watch? Yeah. Industry watch. Yeah.

01:35:40

So,

So,

01:35:41

company to watch I mean, it's exciting to talk about all these new new businesses, but what I'm actually interested in is all these companies that were incredibly hot, like, three or four years ago that raised a ton of money, and and they've been kinda quietly building. So for example,

company to watch I mean, it's exciting to talk about all these new new businesses, but what I'm actually interested in is all these companies that were incredibly hot, like, three or four years ago that raised a ton of money, and and they've been kinda quietly building. So for example,

01:35:56

superhuman,

superhuman,

01:35:57

you know, everyone was talking about it two years ago, haven't heard any anyone talking about it, but I know they're doing very well. I I can't wait to see what they do with all that money. And then same thing with pitch. Pitch was like, you know, huge two years ago, and I think they're in a building phase. So I'm excited to see what they do when they come out of that.

you know, everyone was talking about it two years ago, haven't heard any anyone talking about it, but I know they're doing very well. I I can't wait to see what they do with all that money. And then same thing with pitch. Pitch was like, you know, huge two years ago, and I think they're in a building phase. So I'm excited to see what they do when they come out of that.

01:36:15

Pitch pitch dot com. It's basically replacing PowerPoint. It's like a good version. And what was the URL? Powerpoint?

Pitch pitch dot com. It's basically replacing PowerPoint. It's like a good version. And what was the URL? Powerpoint?

01:36:21

It's awesome.

It's awesome.

01:36:23

Superhuman dot common pitch and crazy any predictions for twenty twenty two. Yeah. Bold predictions.

Superhuman dot common pitch and crazy any predictions for twenty twenty two. Yeah. Bold predictions.

01:36:30

Well, you guys put down prediction or opinion.

Well, you guys put down prediction or opinion.

01:36:33

Oh, oh, this is prediction. Oh, yeah. Here we go.

Oh, oh, this is prediction. Oh, yeah. Here we go.

01:36:36

I think that,

I think that,

01:36:38

this high salary inflation

this high salary inflation

01:36:40

is not here to stay. I think what's happened is all these companies down in San Francisco

is not here to stay. I think what's happened is all these companies down in San Francisco

01:36:45

are going, oh, crazy. We can hire cheap people in Canada, but they're not yet going, oh, hey, we can hire people in India and the Philippines.

are going, oh, crazy. We can hire cheap people in Canada, but they're not yet going, oh, hey, we can hire people in India and the Philippines.

01:36:54

And I one of the things I've realized is that people in India and the Philippines are obviously just as smart, but they're far more motivated, and the cost is like a fifth or a sixth of what a North American employee is, and they really want the job and they care. So you can either give, you know, you can pay an entitled millennial a hundred and fifty grand or you can pay someone thirty grand

And I one of the things I've realized is that people in India and the Philippines are obviously just as smart, but they're far more motivated, and the cost is like a fifth or a sixth of what a North American employee is, and they really want the job and they care. So you can either give, you know, you can pay an entitled millennial a hundred and fifty grand or you can pay someone thirty grand

01:37:16

in India and they'll do a better job and the money means more to them. So I think over time, I think,

in India and they'll do a better job and the money means more to them. So I think over time, I think,

01:37:23

this work will be democratized across the world and that salaries will come back. I agree with you. I just don't think it's gonna happen next year. By the way, I forgot one one category. That's a great one, which means overrated thing. Thing you are betting against that other people seem to be into. Do you guys have one there? Mine was the crater economy.

this work will be democratized across the world and that salaries will come back. I agree with you. I just don't think it's gonna happen next year. By the way, I forgot one one category. That's a great one, which means overrated thing. Thing you are betting against that other people seem to be into. Do you guys have one there? Mine was the crater economy.

01:37:40

NFTs. We had NFTs in the crater economy. That's right. And and and web three. Image image and n one three. Give us your quick NFTs. What you're saying? It's the the one you think is overrated most overrated trend right now.

NFTs. We had NFTs in the crater economy. That's right. And and and web three. Image image and n one three. Give us your quick NFTs. What you're saying? It's the the one you think is overrated most overrated trend right now.

01:37:53

Well, I think, it's a it's a obviously, the technology is fascinating. Right? So that's

Well, I think, it's a it's a obviously, the technology is fascinating. Right? So that's

01:37:59

amazing.

amazing.

01:38:01

But I think it's kind of like digital beanie babies that are easily replicate replicable. At least a beanie baby is kind of hard to replicate. These are just like images that you can download that anyone can use And I think that over the long term, they'll be really cool once there's a standard.

But I think it's kind of like digital beanie babies that are easily replicate replicable. At least a beanie baby is kind of hard to replicate. These are just like images that you can download that anyone can use And I think that over the long term, they'll be really cool once there's a standard.

01:38:17

So if every metaverse

So if every metaverse

01:38:19

or every app uses one eight PI and everyone agrees that this is the way to access images or whatever and it's verifiable. I think that'll be incredibly cool and powerful.

or every app uses one eight PI and everyone agrees that this is the way to access images or whatever and it's verifiable. I think that'll be incredibly cool and powerful.

01:38:29

And I love the idea of like Taylor Swift saying like, hey, I'm selling, you know, my song rights to my my fans. And whenever anyone transacts, I get ten ten percent or whatever. That's amazing.

And I love the idea of like Taylor Swift saying like, hey, I'm selling, you know, my song rights to my my fans. And whenever anyone transacts, I get ten ten percent or whatever. That's amazing.

01:38:41

But I just I just think right now it's all half baked and all the protocols are all made up and won't exist in five years. And I think I'm gonna win our bet.

But I just I just think right now it's all half baked and all the protocols are all made up and won't exist in five years. And I think I'm gonna win our bet.

01:38:50

Okay.

Okay.

01:38:51

Remind remind me It was ten years. Right? Five years or ten years. What was the exact bet? Yeah.

Remind remind me It was ten years. Right? Five years or ten years. What was the exact bet? Yeah.

01:38:58

We we have a bet. I believe you chose a piece of digital art, and you said it would be worth more in the future, and I said it'd be less. Yes.

We we have a bet. I believe you chose a piece of digital art, and you said it would be worth more in the future, and I said it'd be less. Yes.

01:39:06

Great. Okay. So I have, our company to watch.

Great. Okay. So I have, our company to watch.

01:39:11

I have a company called,

I have a company called,

01:39:14

Tara, which is TerraForm Labs, they've created something called Luna. So one of the biggest challenges in crypto is that people are like, oh, Bitcoin, it's cool, but, like, it can't be used as a currency because it's too volatile.

Tara, which is TerraForm Labs, they've created something called Luna. So one of the biggest challenges in crypto is that people are like, oh, Bitcoin, it's cool, but, like, it can't be used as a currency because it's too volatile.

01:39:26

And the solution that the cryptid community came up with was something called stable coins.

And the solution that the cryptid community came up with was something called stable coins.

01:39:30

And so stable coins are super important. They're, you know, billions and billions of dollars are transacted every day.

And so stable coins are super important. They're, you know, billions and billions of dollars are transacted every day.

01:39:35

You know, whatever you I don't know about day. Maybe it's month. Using stable coins with significant volume.

You know, whatever you I don't know about day. Maybe it's month. Using stable coins with significant volume.

01:39:41

And there's a stable coin called Luna that I think is,

And there's a stable coin called Luna that I think is,

01:39:44

or the stable coins called US

or the stable coins called US

01:39:46

u s t, but Luna is the the token that backs it. And I think Luna has been on this tear. It started the year at, you know, maybe a dollar It's at currently, you know, a hundred dollars. So it's about a hundred x in a year. It's been a great investment for me, and I continue to believe that that it's gonna work. Interestingly, it's actually being used in the real world, which is one of the other criticisms of crypto.

u s t, but Luna is the the token that backs it. And I think Luna has been on this tear. It started the year at, you know, maybe a dollar It's at currently, you know, a hundred dollars. So it's about a hundred x in a year. It's been a great investment for me, and I continue to believe that that it's gonna work. Interestingly, it's actually being used in the real world, which is one of the other criticisms of crypto.

01:40:07

So in Korea, in Mongolia, in Mongolia, in a bunch of different places,

So in Korea, in Mongolia, in Mongolia, in a bunch of different places,

01:40:13

people use,

people use,

01:40:14

the stable coin without even knowing that they use it. So they just use their mobile app to pay. They don't realize that in the background, it's being done on these,

the stable coin without even knowing that they use it. So they just use their mobile app to pay. They don't realize that in the background, it's being done on these,

01:40:21

crypto rails. And so there's a app in Korea called Chai. I think it is that has, like, few million users payments app that uses,

crypto rails. And so there's a app in Korea called Chai. I think it is that has, like, few million users payments app that uses,

01:40:31

uses this stable coin, as the as the thing underneath it. So it's it's the company to watch, I think, in the next year because if you can actually crack the stable coin use case,

uses this stable coin, as the as the thing underneath it. So it's it's the company to watch, I think, in the next year because if you can actually crack the stable coin use case,

01:40:41

you know, Bitcoin cracked the store value use case became, you know, fifty thousand dollars coin right now and not going up. Ethereum is the, you know, programmable network

you know, Bitcoin cracked the store value use case became, you know, fifty thousand dollars coin right now and not going up. Ethereum is the, you know, programmable network

01:40:49

it's the it's the compute layer. It cracked that. And, you know, four thousand dollars a token. Last year, it was at, like, two hundred So that's been an amazing investment. And Luna is

it's the it's the compute layer. It cracked that. And, you know, four thousand dollars a token. Last year, it was at, like, two hundred So that's been an amazing investment. And Luna is

01:41:00

the the number one contender right now, I think, for stable coins. And so I'm keeping an eye on that. Okay. And one of the others?

the the number one contender right now, I think, for stable coins. And so I'm keeping an eye on that. Okay. And one of the others?

01:41:06

Industry I got my eye on is actually VR. So,

Industry I got my eye on is actually VR. So,

01:41:10

most people think VR is just dead or doesn't work, but I don't know if you guys know this, but Oculus outsold Xbox this year.

most people think VR is just dead or doesn't work, but I don't know if you guys know this, but Oculus outsold Xbox this year.

01:41:18

So Oculus sold ten million units, which is about four billion in revenue for Facebook.

So Oculus sold ten million units, which is about four billion in revenue for Facebook.

01:41:23

On just the hardware for getting the games in the App Store that they have. Now Xbox had some production shortages, so it probably would have been more, but, like, just to round it up, Oculus did about ten billion. Sorry, ten million units and PlayStation did fourteen million. So it's, like, it's not that far behind.

On just the hardware for getting the games in the App Store that they have. Now Xbox had some production shortages, so it probably would have been more, but, like, just to round it up, Oculus did about ten billion. Sorry, ten million units and PlayStation did fourteen million. So it's, like, it's not that far behind.

01:41:40

Do you do you remember when, Ocular or Story when Xbox had that, like, weird little bar that you could put over TV, and you could, like, move your hands, connect. Right? That was a huge best seller. Right? But it was still a gimmick. Like, I bought one, everyone thought it was cool. And the exact I remember I played it for, like, a day and then I was, like, whatever. This isn't ready. And I did the same thing. I've I've bought an oculus every single year for the last three or four years. And every single time I feel sick and uncomfortable.

Do you do you remember when, Ocular or Story when Xbox had that, like, weird little bar that you could put over TV, and you could, like, move your hands, connect. Right? That was a huge best seller. Right? But it was still a gimmick. Like, I bought one, everyone thought it was cool. And the exact I remember I played it for, like, a day and then I was, like, whatever. This isn't ready. And I did the same thing. I've I've bought an oculus every single year for the last three or four years. And every single time I feel sick and uncomfortable.

01:42:08

No. Every time I use it, I say to myself,

No. Every time I use it, I say to myself,

01:42:14

It's not there yet, but I I I buy it. I buy into it. I think Apple. I think Apple's gonna double I think Apple is So for the industry of yours, there's a couple of signs I think are really promising. One is that over sixty games made over a million dollars on the platform, which I think is pretty impressive. And six games made over ten million dollars. So I think that's also pretty impressive,

It's not there yet, but I I I buy it. I buy into it. I think Apple. I think Apple's gonna double I think Apple is So for the industry of yours, there's a couple of signs I think are really promising. One is that over sixty games made over a million dollars on the platform, which I think is pretty impressive. And six games made over ten million dollars. So I think that's also pretty impressive,

01:42:33

growth there. So I think VRs is something that most people are thinking is

growth there. So I think VRs is something that most people are thinking is

01:42:37

It's not happening, and it's grow it's growing like rapidly. So I thought that was pretty good. And then,

It's not happening, and it's grow it's growing like rapidly. So I thought that was pretty good. And then,

01:42:44

let's see. What's it? Crazy predictions?

let's see. What's it? Crazy predictions?

01:42:46

Okay. My craziest prediction is that the Winkle Vye,

Okay. My craziest prediction is that the Winkle Vye,

01:42:51

the Winkle Vye end up Richard than Zuck. So here's the case of how the Wink of us get their revenge in the end. Oh, my, they own about one percent of all Bitcoin in circulation.

the Winkle Vye end up Richard than Zuck. So here's the case of how the Wink of us get their revenge in the end. Oh, my, they own about one percent of all Bitcoin in circulation.

01:43:01

They also own Gemini and Exchange. It's probably valued at somewhere between twenty and thirty billion dollars. They own one percent of Bitcoin? They want one one percent of all the Bitcoin. They also own a substantial amount of ETH. They haven't announced how much.

They also own Gemini and Exchange. It's probably valued at somewhere between twenty and thirty billion dollars. They own one percent of Bitcoin? They want one one percent of all the Bitcoin. They also own a substantial amount of ETH. They haven't announced how much.

01:43:13

And, if crypto actually, like,

And, if crypto actually, like,

01:43:16

has its, like, you know, its heyday,

has its, like, you know, its heyday,

01:43:19

and Bitcoin goes up to so here's the here's what you need to believe. I don't think this is a twenty twenty two bet at all. This is more of like a five year bet.

and Bitcoin goes up to so here's the here's what you need to believe. I don't think this is a twenty twenty two bet at all. This is more of like a five year bet.

01:43:26

But if you think that Facebook is peaked and Facebook, you know,

But if you think that Facebook is peaked and Facebook, you know,

01:43:30

doesn't grow or even maybe drops, you know, fifteen, twenty percent,

doesn't grow or even maybe drops, you know, fifteen, twenty percent,

01:43:34

in value,

in value,

01:43:36

And,

And,

01:43:37

because their price at a very as a growth stock.

because their price at a very as a growth stock.

01:43:40

And, if you think that Bitcoin gets to five hundred k, ETH gets to fifty k, Gemini ends up going public,

And, if you think that Bitcoin gets to five hundred k, ETH gets to fifty k, Gemini ends up going public,

01:43:45

they will actually be worth more than Zuck who's worth a hundred thirty billion dollars today. And I think that that is just a crazy, you know, the sequel to the social network movie is that these guys actually end up, you know, wealthier than than Zuck in the end. So that's my crazy prediction. That'd be hilarious.

they will actually be worth more than Zuck who's worth a hundred thirty billion dollars today. And I think that that is just a crazy, you know, the sequel to the social network movie is that these guys actually end up, you know, wealthier than than Zuck in the end. So that's my crazy prediction. That'd be hilarious.

01:44:00

Alright. That's good. And then, oh, my my overrated trend, by the way? Like, my overrated trend is spax.

Alright. That's good. And then, oh, my my overrated trend, by the way? Like, my overrated trend is spax.

01:44:06

So,

So,

01:44:07

you know, the last ten year, a bit of ten years before, you know, the spec trend, there was, like, I don't know. I think it was, like, forty billion, forty five billion of specs total in, like, ten years.

you know, the last ten year, a bit of ten years before, you know, the spec trend, there was, like, I don't know. I think it was, like, forty billion, forty five billion of specs total in, like, ten years.

01:44:16

Then last year, there was eighty billions of doubled. It doubled. And this year, there was a hundred sixty billions that doubled again. And if you just look at spec performance, like,

Then last year, there was eighty billions of doubled. It doubled. And this year, there was a hundred sixty billions that doubled again. And if you just look at spec performance, like,

01:44:24

just if you just take Chamath's specs, Chamathoo, I think, you know, really started this trend.

just if you just take Chamath's specs, Chamathoo, I think, you know, really started this trend.

01:44:29

Year to date, I think his average is he's down thirty percent year to dates. And did he make money off that? Yes. He made a ton of money. Yeah. That's people who guaranteed money. This is why it's messed up.

Year to date, I think his average is he's down thirty percent year to dates. And did he make money off that? Yes. He made a ton of money. Yeah. That's people who guaranteed money. This is why it's messed up.

01:44:41

They all you make you make the money amount of money. There's a you know, heads, eye wind, tails you lose,

They all you make you make the money amount of money. There's a you know, heads, eye wind, tails you lose,

01:44:47

set up.

set up.

01:44:48

I don't really like it, and that's what happened here is that the the sponsor, the promoter makes money either way.

I don't really like it, and that's what happened here is that the the sponsor, the promoter makes money either way.

01:44:53

And, you know, his stocks are down through his I his facts are all down thirty percent. And the the overall SP five hundred is up up thirty percent. So You know, it's a massive, you know, massive delta there.

And, you know, his stocks are down through his I his facts are all down thirty percent. And the the overall SP five hundred is up up thirty percent. So You know, it's a massive, you know, massive delta there.

01:45:06

So I think that's, you know, I think specs are the overrated,

So I think that's, you know, I think specs are the overrated,

01:45:09

trend or the thing to, the bandwagon I don't wanna be on, if you're not the promoter, I don't think it's a great place to be right now. How does that make you feel Andrew as a spacker?

trend or the thing to, the bandwagon I don't wanna be on, if you're not the promoter, I don't think it's a great place to be right now. How does that make you feel Andrew as a spacker?

01:45:18

Well, I'm not a spacker. I don't care. Wait. Commerce wasn't a spack?

Well, I'm not a spacker. I don't care. Wait. Commerce wasn't a spack?

01:45:23

No. No. No. Bloomberg missed reported us as a spec. We we did something called a reverse takeover,

No. No. No. Bloomberg missed reported us as a spec. We we did something called a reverse takeover,

01:45:29

which is kind of like a spec, but instead of having a spec where the the sponsor gets twenty percent. They're getting like point zero one percent of your business. There's just these little shell companies. So, no, we're we're not,

which is kind of like a spec, but instead of having a spec where the the sponsor gets twenty percent. They're getting like point zero one percent of your business. There's just these little shell companies. So, no, we're we're not,

01:45:42

we don't have a motor make on a on a typical spec.

we don't have a motor make on a on a typical spec.

01:45:45

It's like a hundred million dollars. Right?

It's like a hundred million dollars. Right?

01:45:48

Twenty percent, twenty percent of whatever they raise. Yeah. So

Twenty percent, twenty percent of whatever they raise. Yeah. So

01:45:52

I or no. Twenty percent of the the future company. So if you have a billion dollar company, you're literally saying, I'll give you two hundred dollars to take me public. And the math on it is it with a spec, you can show projections,

I or no. Twenty percent of the the future company. So if you have a billion dollar company, you're literally saying, I'll give you two hundred dollars to take me public. And the math on it is it with a spec, you can show projections,

01:46:05

which is really, really valuable for a growth company. And it's a little more flexible and the timing is a little shorter. You don't get no new projections. You only do historicals

which is really, really valuable for a growth company. And it's a little more flexible and the timing is a little shorter. You don't get no new projections. You only do historicals

01:46:14

with a spat. You get to your fancy projections about whatever you think the future looks like. And you I think you only have to buy in for two or three percent. But you get twenty percent. So that's your spread as the promoter. You pay two percent of the price and you get twenty percent. I don't know how specs work exactly, but it's something like that. Alright. This is a good episode. I think, Ben, what do we think? Well, this is it was,

with a spat. You get to your fancy projections about whatever you think the future looks like. And you I think you only have to buy in for two or three percent. But you get twenty percent. So that's your spread as the promoter. You pay two percent of the price and you get twenty percent. I don't know how specs work exactly, but it's something like that. Alright. This is a good episode. I think, Ben, what do we think? Well, this is it was,

01:46:36

a long one, but I think it's gonna end up being a hit. Was last year's a hit?

a long one, but I think it's gonna end up being a hit. Was last year's a hit?

01:46:40

Yeah. Last year was a hit.

Yeah. Last year was a hit.

01:46:42

Yeah. I wasn't here for last year, but,

Yeah. I wasn't here for last year, but,

01:46:44

I thought this was really great. What was that? You mentioned this really cool podcast, Sam, what was that one called again? How to take over the world, baby? How to take over the world? The if anything, it's the best intro music I've ever heard.

I thought this was really great. What was that? You mentioned this really cool podcast, Sam, what was that one called again? How to take over the world, baby? How to take over the world? The if anything, it's the best intro music I've ever heard.

01:46:58

Yeah. There you go.

Yeah. There you go.

01:46:59

No, it was a great episode.

No, it was a great episode.

01:47:02

My first time attending it, but Andrew brought the fire. And,

My first time attending it, but Andrew brought the fire. And,

01:47:07

The predictions were, like, a little

The predictions were, like, a little

01:47:10

a little predictable. I will say that.

a little predictable. I will say that.

01:47:13

But other than the but the recommendations, the companies, the products, bravo.

But other than the but the recommendations, the companies, the products, bravo.

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