00:00
He tells me he's like, you know, I just expanded the vision for for what I'm doing. He goes,
00:05
I mean, this is eventually gonna be the next BlackRock, bigger than BlackRock. I think I can be a trillionaire in the next fifty years. Oh my gosh.
00:25
Alright.
00:26
What's going on?
00:28
Not too much, dude. We
00:30
is the last episode the Ryan holiday one?
00:32
Yeah. What did you think?
00:34
I wanted to debrief that real quick because I thought he was,
00:38
really great.
00:40
I said, I think I said this maybe I don't know if this was on air or if this was afterwards,
00:44
but he,
00:47
he felt to me, like, one of the happier, more calm and peaceful people that we've ever had on the show.
00:54
He just had this vibe about him. Like, he wasn't,
00:58
a lot of people come on the show and they're trying to put on a show. They are trying to perform, or they're trying to kind of play up something they're doing trying to sell you on something. They're trying to
01:07
present themselves as bigger than they are. And that's not just on the show. This is life. And, or you meet somebody and they're kind of like, you know, they have the disease of more, more, more, more, and I know because I I have it myself in many ways where I kind of want,
01:20
you know, more success, more whatever.
01:23
And I just felt like he was a guy who was curious about certain things, like to do certain things, but didn't have this, like he didn't seem like itchy person. Didn't believe there's all these itches across his body that he was trying to scratch. He seemed
01:36
at ease. And I thought that was just like one thing that I don't know if it comes across on a podcast because you're Nantota, you see the guy. You don't get necessarily pick that up, but that was the one thing that stood out to me. I think he's really like that. I've, I've been friendly with them. I wouldn't say we're like close friends but friendly for a couple years now, but Neville and Noah are all really good friends with them. And they said that, like, pretty much just stays at home most of the time. And, like, if you wanna see him, you gotta drive out to his farm and, like, he's at home body and he, like, just knows what he likes and he and he does it.
02:06
Yeah. And I I thought it was interesting because his reputation, at least for me in my head. Right? The image I had in my head was this guy's like this internet marketer
02:14
growth hacker, which is, like, usually one breed of person.
02:18
Right? Like, there's, like, the that comes with a certain certain package usually.
02:22
And then
02:23
you know, had this, like, kind of he's an author and then he has, like, but his books are all about, like, kind of interesting things. Right? He doesn't he's not writing boring, normal calm books. He's writing, like, conspiracy
02:33
and how the media is messed up. And then, like, you know, trust me. I'm lying. Right? Like, these provocative books.
02:39
And then he had the daily stoic, and I was like, oh, okay. Reminded me a little bit of, like, you know, like Tim Ferris, I think, is kinda like this where
02:47
Tim Ferris started off,
02:49
you know, selling brain supplements, which is, again, like an internet marketer type of thing, you know, it comes with a certain package to to create a brain supplement company.
02:57
Then second to that was like an author. And then, you know, now is, like, extremely
03:04
Zenn and, like, into mindfulness and detoxification
03:07
and digital detoxing and moving away from San Francisco and, you know, was just trying to get away. But, like, even peep usually when I find people who are gravitating towards things like meditation and stoicism and,
03:19
you know, micro dosing psychedelics,
03:22
They feel like they're still on the search for that calmness. He felt like he found the calmness, and that was kind of the distinction.
03:29
I think I was envious of him for two reasons. The first was he said that he dropped out of college because he wanted to be a writer. And he is a writer. I was incredibly envious that he had found what he loved, and he found it very early, and he And he he actually The same thing with his wife. He said he met his wife and he shoot he was twenty. They've been dating since the age of twenty or something like that. Right? It's got some love early.
03:50
I was envious of that. And the second thing was He did a not maybe not envious, but what I learned was he did a really good job of basically,
03:58
you know, you and I talk about ideas and all this stuff and we know a lot of successful people. But at the end of the day, once you get past a relatively low point, it's about being happy and he did a really good job of putting that into perspective.
04:10
You know, even run the addiction. I would say, like, you know,
04:14
as one thing to say it, we all say it.
04:17
It's another thing to actually do it And, you know, it's like, oh, so okay. You got this money. You made this money doing this. You know, you made this money. Are you using that to parlay your fame and whatever into more and more more? No. I like writing. So I keep writing. Right? And it's like, do
04:31
okay. You you know, you what do you do with your investments? Are you crypto trying to hit the next big home run? I bought a bookshop. Let's take, oh, shit.
04:39
This guy's extremely grounded.
04:41
So Rob Dyrdek
04:43
made one line on our pod. They always kinda stuck with me. So he's like this happy guy, but then
04:49
I made a comment, like, yeah, I think, like, I didn't know that you're gonna be this big. And he goes, yeah, like, I'm on my way becoming the billionaire, like I deserve.
04:56
And I thought it was funny that
04:58
he's, like, he definitely had a chip on his shoulder and he was, like, more and more and more and more. Which isn't bad. That's very human, but that was interesting. And I almost felt like Ryan didn't necessarily have that.
05:10
We have a buddy who texted me yesterday.
05:13
He's you you you don't know him as well, but, I think we could mention him.
05:18
I don't know. Maybe I shouldn't say his name because it's a funny funny quote.
05:21
Say it, say it, and then say his name, then bleep him. Okay. So he's like, you
05:26
know, I just he takes me. He's like, you know, I just expanded the vision for what I'm doing. He goes,
05:33
this is eventually gonna be the next BlackRock, bigger than BlackRock. I think I can be a trillionaire in the next fifty years. Oh my gosh.
05:40
And I was like, he says it with a straight face. He's not, like, joking, which is, you know,
05:47
amazing and delusional and amazing again. Right? That's, like, those that's my that's how my brain goes. I'm like, wow. Then I'm like, wow. That's delusional. Then I'm like, well, you know, Great. And, you know, good for you. That's what gives that to get you excited. Is he capable
06:01
of pulling it off? Yeah. Like, I I said this early on. I met him when he was, like, nineteen or twenty. And I said, of all the people I've ever met, if I had to bet my life, which one of these people who today is worth less than, you know, five million dollars will be a billionaire.
06:16
I would've put my life on the line on him. Yeah. He because I was like, he's singularly focused on just that.
06:22
So it's like, you know, Michael Phelps woke up every day and swam, like, for fucking three hours and then eight eighteen thousand calories and they did that for like twelve years straight and didn't take a day off. So it's like, yeah. When you devote your life singularly to a pursuit, whether it's swimming laps in a pool or it's becoming a billionaire.
06:41
You know, that already cuts you away from ninety nine percent of the population. That wants to be wealthy, but also wants to be you know, in a good relationship. It also wants to be this. It also wants to have fun with their friends and go out on the weekends. It's like, he cuts out all that. So, you know, I think it gives him the odds into on top of being a very smart capable guy. Right? Like, he's already amongst the, like, high IQ people. Then within that, he's got an obsession on money that very few people have. Let me let me play devil's advocate or, as my other favorite podcast calls it devil's avocado. Let me play let me play devil's avocado here for a second. Who says that? So Michael Bizbing said it at his own because he was double double avocado.
07:20
Yeah. So,
07:22
of two things. One,
07:23
I'm reading this book or I already read it called sport recently called sports gene and they basically talk about genetics and they're just like look like The closer you live to the equator, the longer your limbs are and the shorter your torso is, and that just makes you like fifteen percent
07:38
better runner. And what that means is, like, if your legs are longer and you're is that just means that if if we all work the same and the best people from who don't have long legs and short torso,
07:48
Some of them definitely can compete, but, like, you have a fifteen percent edge. And when you're talking about gold medals and being the best in the world, that fifteen percent is like a world to get. So seconds on things, you know, that Yeah. They're like, that that's just some it's like it's like it's like a draft versus a hippo or, you know, something like that. Like, that that just matters.
08:04
And
08:04
So, one,
08:06
becoming like a billionaire, which is an outlier, like, I actually think that, like, you can kind of sweat your way to like maybe five or ten million in a lifetime but becoming a billionaire and this huge outlier, I think it takes like a particular type of skill. Like you just genetically
08:20
predisposed
08:21
to have it in your favor. And I think that matters here. You're not saying this kid does or does not have it, but I think that it's more important than just like training for twelve hours a day. I think that just being
08:31
gifted genetically is more important than hard work, to be the best though you need both. Second,
08:37
you you know, like,
08:39
I all I definitely believe like the whole pull yourself up by your bootstrap thing but in order to that be like let's just call the threshold a billion. In reality, it's probably like two hundred million, a hundred million like, there's so much luck that needs to be involved on a macro level. It's like, which country are you born in? But on a micro level, it could be just like, Well, like, did you just meet happen to do do a good depression? Roommate in college, you know. Yeah. Or are you able to stay healthy?
09:03
Did you not fall in love and meet someone? Like, You know what I mean? Like, there's all these tiny, like, luck things that really matter. Like, Jeff Bezos, like, did his mom I think wasn't he adopted?
09:13
He's adopted. So, like, that is, like, a
09:17
it's a big decision, but it's like a relatively small, like, decision. It's a yes or no decision that changed everything. Totally. Or did you decide to go to Princeton versus Stanford?
09:27
Like, it's a And Jesus would have been successful no matter what, but there's a difference between
09:32
this guy made ten or thirty billion dollars in his lifetime versus became at one point the richest man on earth or the richest man ever to walk the earth or whatever. You know, like, there was a the variance. So to me, success is very success has success itself,
09:46
the yes or no has very little to do with luck. The magnitude of success Yeah. Has a lot to do with luck, but that's why I was saying, you know, I'm I'm creating a a a funny hypothetical, which is of people who already are not already in a good position financially, like, under five million net worth, let's say, they they're not they don't have some edge there where they're just gonna invest their way to success.
10:06
Of those people who haven't already made it, who would I bet is most likely to make it? Well, I agree with you that if it was the field versus him, I take the field. But,
10:17
what am I gonna bet on? I, like, for example, I think you could say, like, our buddy, Jack Smith. I think you could say, You know, Jack is a quirky, curious guy who's actually not obsessed with money at owl, but just is, like, really
10:30
into what he's into and it's usually off the beaten path, that's gonna usually win in a way, and he's super smart also. Right? Like, they're still in the top one percent IQ or whatever.
10:40
That's gonna have a good outcome. I believe that. But,
10:44
but you're kinda betting that this guy's luckier. This his magnitude of of a
10:48
is gonna he he's gonna have more luck than this guy. And I think you could kinda tell who's gonna get luckier, who's not,
10:53
but it's really hard to pay place it like, who would you bet? If I if I had told you that same situation, I don't know if you have a name. But before somebody had a bunch of money, who in your life did you run into that you're like, alright. If I had to say who's gonna become a billionaire in my life, This is who I would pick.
11:09
I mean, when I met Moi Zali, he didn't he had sold the company and he probably was worth less than five million dollars. And immediately, it took a few days of meeting him, like, oh, you're a shark. And what what, what was it? Yes. Shark is a good word. What, what made a shark?
11:26
He was had a singular focus. I mean, he was customer focus, but singular focus. He's like
11:31
and really high intensity,
11:33
very high intensity. Singular folks is focused. Uncomfortable
11:36
intensity. I'm uncomfortable to talk to Yeah. Uncomfortable.
11:40
And also he, like, he was a lawyer from Harvard. So, like, top at the top at the top. And then his brother is Uber successful. So I'm like, there's no reason why you should screw this up. And so when I met him That I thought was hilarious. He is he's great one liners. He always said something that was like,
11:57
you know, like, I don't know. Some people were put on you see you saying both and you say that guy was put on earth to run.
12:02
You see, this person, they were put on Michael Phelps, you see his body. He was put on earth to swim. I was put on earth to do one thing. Increase earnings per share.
12:13
He always,
12:14
he he, like, what time did he tell me? He goes, you know, my worst the worst phrase I hate on earth is when I hear it, it it makes me cringe and I run the run the other way, blue chip stocks. He goes, do you wanna talk about words that I love?
12:28
What did he call it? Distressed ass sets. Distressed
12:31
asset.
12:32
That's what he said. He goes. He goes. The two most beautiful words of the English language. A distressed
12:38
assets.
12:39
And he said that I was like, oh my god. And then what time I one time I heard of amazing one liners. What time I heard him
12:46
one time we met with this person who has this vitamin company that's doing really well and he was being really cordial and nice and everything and just saying hi and then this person walked the room and he looks at me and he goes, that person's business is one Google search away from me ruining it.
13:01
It's like, that's one Google search away for me copying their company because he's like, the formula is nothing. And he that was, like, that was the first line that he said. He he is really he's he's a poet.
13:13
Alright. I've got an idea. So
13:15
Andrew Wilkinson texted me because he's in my STR group. SDR stands for short term rentals. My latest obsession,
13:22
we'll see if it sticks, but very interested in it. And I created the rebrand the way way to, like, s t d, you know, like, does anybody know what a S t r is? No. Why did it why don't just say, like, you know, my, like, real estate or Airbnb, you know, or whatever vacation rentals group. Dude, here's the truth. I made this group when I was going to the bathroom. And I just tweeted it out. And you'll notice the picture just a boot. That's just because I just, like, Google as, like, I Googled something.
13:49
Like, this is a shoe.
13:50
Yeah. It's just a shoe.
13:52
I don't remember, but that was that picture was available. Which goes back to your point you did a long time ago that people got really upset with you or you're like, don't think about a name or don't buy a domain, a good domain or something you said, something like that that people got really pissy about. And you were basically saying,
14:08
don't let that don't let figuring out the branding and the name hold you back from the the thing, which is like getting it out there.
14:14
Yeah. So that's what I did. I, like, did it, like, literally when I was going to the bathroom. This was like a a literally a two minute thing. And it just is what's it called? Sam's STR
14:24
crew. No. I I keep wanting to say STD.
14:26
So twelve hundred and or fifteen hundred people. You know what I think I could do? I'm not sure if I'm gonna do this I think I can do. I think I could turn this into a newsletter business. And I think it could be like a really good business. And I'm gonna explain why. Have you ever heard of Ak Davis the headphone dan Daniel Oc? No. Okay. So, look up Daniel Oc.
14:46
I think he's, like, probably worth eight or ten billion dollars. So Oct Davis is like a famous hedge fund. This guy, like, is I think that, I'm almost positive that when
14:56
Elon Musk got shorted. This guy was one of the guys, and he sent them like a pair of shorts. If I remember correctly. And so it's this billion dollar multi billion dollar maybe forty billion dollar hedge fund. Anyway, it got started because the Davis was this guy named Ziff Davis who started
15:11
I'm sorry. It was Bill Ziff who started Ziff Davis publishing company. Have you heard of Ziff Davis? No.
15:16
Okay. So Ziff Davis was, basically,
15:19
at this point, it's still around. It has a five billion dollar market cap. It does over a billion dollars in revenue. It's been around since probably the sixties.
15:27
It's got it it got its start because it owned magazines and a ton of different super specific, but, high end industries. So for example, they owned the most popular magazines on popular popular electronics,
15:40
sailing,
15:40
flying. They own this thing called Mac Week. They eventually started CES, which are they started
15:46
It was called one thing, and then it now is has become CES.
15:50
I thought Masasan saw a CES. No? Masasan bought it from Zip Davis. Okay.
15:55
And
15:56
so he, like, it was all niche publications and it's still a business.
16:00
And I think I could do something like that for STRs where you create an empire based on like
16:06
things that aren't exactly side hustles, but have like serious money going into them. For example, this industry probably isn't big enough, but I have been a bunch of people that have like they've bought like ten cars
16:17
just for
16:19
like, Touro and
16:20
Right. And all that kind of thing. And I've also and so that's kind of intriguing to me. Like,
16:26
just think that like something can be done here. There's this company called the penny hoarder which is sold for like a hundred plus million dollars and they basically wrote blog posts on this and they drove drove traffic to it, made money. But anyway, I thought that was interesting and let me tell you one last thing. Have you heard of this website called speed test?
16:42
Speed test, like the internet speed test? Yes. Yeah. Of course. I go to it. Alright.
16:48
Alright. That's owned by Ziff Davis.
16:51
Oh, no way. So check this out. On similar web, it gets a hundred million visits,
16:56
a month
16:57
in their If you scroll all the way to the bottom and you click a button that says advertise,
17:01
that's what you always wanna click for these types of websites and it tells you all about their traffic. According to their website, it says they get ten million visits a day. And the tricks of the trade here on how to get these numbers. I am. And so it it says to get it says to get uh-uh
17:18
I think it says forty or fifty million monthly uniques, but ten million total visits. Right. Now go back to that homepage, Ben.
17:25
Well, I've I always have ad blocking on. So I'm this is my first time seeing it with ads. Dude, it's like so there's a button that says go, like, touch your speed. And it is
17:33
It's like it's like it's like an army. It's it's like you're surrounded.
17:38
There's nowhere to go. You are gonna look at these ads. There's a Mailchimp ad up top. And on the right, and on the bottom, on the left, there's a UFC ad. So look at this. That's one, two, three, four, five ads right there. I don't know what, like, the current CPM is on Google. But let's just say that all of those because this is like a relatively high end potentially market. Let's say that's fifteen dollars per CPM. It could be ten but I bet you it's between ten and fifteen
18:01
on ten million visits a day, that's fifty million dollars a year just on on this these ads plus Go to the top right then and click where it says developers. They also sell all these solutions. So you can like test the internet speed of I actually don't know like why anyone would use this. There's a world where like this is a two or three maybe two hundred million dollar a year business just from this simple ass web page.
18:26
That's wild. And then there's also, I think, who who came out with a competitor? I think Netflix did or somebody
18:31
dot com or fat. Yeah. Yeah. Yeah. Somebody came out with that as well, but I think this one's, like, pretty entrenched.
18:37
It's it it this would I I looked up if you, like, there's some websites that they're called,
18:43
I forget what they're called, but Ben, if you Google speed test dot net or whatever the URL is and then the word revenue, there's all these websites that tell you how much your traffic is worth. And, like, they're not really that interesting, but they kind of are
18:55
this one, it says a billion dollars. It says there this URL is worth one billion dollars.
19:02
By the way. A mobile version of speed test. Like, is there an app that just you open it up, it just tells you how fast your internet is right now. And my call OS widget, you can just leave that open all the time. Great question. So I in order to get all this information, I went and read a lot of z two, Ziv Davis's annual report and they just acquired a company that they wanna integrate into this company that does that for mobile. So they're working on it but clearly there's opportunity here. Yeah. That's funny.
19:28
Yeah, the thing with speed tests is, like, any,
19:31
it likes they get free customers because anytime somebody
19:34
Like, if you call your Comcast or whatever, they're like, hey, can you go run a speed test, go to speed test, and they, like, send you the link. And so it's like, it's like every troubleshooting IT person like, sends you this link. And so they they they're not, like, paying for customers. They get it for free that way.
19:48
Which is an interesting which is interesting. You kinda said two things. So you're the so it's ZIF is interesting, but then you were saying, what can I do with SDR? So there's kinda like, let's say three paths.
19:58
There's,
19:59
default. Do nothing. There's path two, which is, okay, I keep this Facebook group, and I just actually do the short term rental, which would be, like, the equivalent of the Alex Ramosi guy, whatever, doing like, building out more gyms. Right? So it's like, well, you can actually make a lot of money if you just do the short term rentals and just use that information, put your energy there.
20:17
Or you could put your energy towards building the community and the content around people who are interested in short term rentals, and there's clearly appetite. Your things that a thousand members and there's like super valuable interesting content being shared there. So clearly there's value in either a paid community
20:31
or a paid newsletter plus a paid community or something like that.
20:35
How do you think about which one is like a good thing to do?
20:39
Well, I might do the first one, which is do nothing. I didn't create this to build a business. I did it just because people were reaching out to me. I didn't wanna talk to everyone, and I needed a way just to, like, communicate. But
20:49
if and maybe if I want to but also maybe if I never want to. I think the way that you go about this is you do like a
20:55
I would do one of two things. I would create either a weekly or a biweekly newsletter that explains the news that impacts this business and regulations followed
21:05
by
21:05
I would do what you do, which is take like the five most interesting tweets from the week of STRs and I'll explain my opinion of them. I would do that.
21:13
And then I would also create a,
21:18
a paid tool. So I would create the best sheet like, whenever you, like, look at these properties, you create, like, a sheet that, like, you put your inputs in. Yeah. Yeah. And then and then it would say, like, look, like, a lot of people are current what we've noticed is that currently people are are getting twenty percent cash on cash return. So if above, you know, do that at below, don't do it. And here's like how your math should look. So I think you could create something like that and and and sell it for maybe three to five hundred dollars a year. And then if you wanted to, you do a higher end thing like ten thousand dollars for people who already have three or four Airbnbs.
21:51
And it just you talk to all the experts who have scaled this up successfully to, like, ten and twenty units and done it relatively hands off. And I think you could charge two to five thousand dollars for that. Yeah. Yeah. I think there's a ton of options.
22:05
So, yeah, I I think you you've stumbled into a very
22:09
a very cool niche that you're genuinely interested in. So I think, you know, it'll play out how it plays out. It's cool. Right? It's very cool. Yeah. It's one of one of the more interesting little things that,
22:20
that I've kinda seen one of our friends doing recently. Yeah, I think it's intriguing.
22:24
I have two silly ideas for you.
22:27
So silly idea number one.
22:30
So I was looking at so remember the guy from Liquid Death came on,
22:34
And he was he came on. I don't know when that was, maybe, like, a year ago or less than a year ago. No. I think it was two years ago, and and because I I I was How have we been doing this thing? Two
22:43
Well, you're right. But I still had an office. And,
22:47
and we closed the office a while ago, but he And we were I thought we were late. He had raised like twenty or thirty million dollars. I think the other day he raised like a hundred or like something crazy. So it's it's just continued to do super well. And, and I've just seen a bunch of, like, kind of, like, different water water beverage companies. By the way, did you see this this funny thing they have in this kind of tangent? Did you see this, so Austin Reef tweeted out, the guy that guy from morning, Bruce, he tweeted out,
23:14
you know, hey, you know, the rock is gonna become a billionaire off of his tequila. You see the suite?
23:19
Yeah. And then the rock replied. So I'll explain. Yeah. So he goes, Rock shouldn't become a billionaire from,
23:24
from this tequila.
23:26
And,
23:27
he goes, you know, Ryan, oh, who is, oh, no, George Clooney. George Clooney's Casamigos
23:32
was sold for one point two billion and was doing, like, a hundred seventy thousand case The rock is already doing like, whatever. I don't know. It was like three and a half times that. So, you know, the rock's doing whatever. No public math.
23:45
X x more, cases. He's gonna become a billionaire off this business.
23:49
And the rock replies, which is kind of amazing because the rock is one of the most,
23:55
famous people on social media, period, like in the world. So pull pull Ben, pull that tweet up.
24:01
By the way, this Ben screen sharing thing,
24:04
in the words of Sam Par, can you say game changer?
24:10
So make that a little bigger, and we we need a name, you know, like power young Jamie. We need, you know, like, powerful Mormon band. We need, like, some
24:18
some killer nickname for you. Could you, just make the font bigger so I can see it? There we go. So he goes. So Duane Johnson replies
24:26
and says,
24:28
the following. Let's scroll that down. Wait for okay. Cheers Austin, emoji of a tequila glass. I don't know about that first line, l o l, but I can speak to part to the parts to guess speak to the parts of this tweet, blushing smiley face. It's like the rock is flirting with him. And then he goes,
24:45
Our projections to one million cases is pretty mind boggling and expedient.
24:50
Which I just, like, when he said expedient, I thought it was so funny.
24:55
I was Yeah. Right. So we got a left field. And he goes, big, exciting, big, come on, exciting, Taramana,
25:02
announcement coming next week. Stay tuned, man. Picture good emoji of the earth, and then emoji of a face mask.
25:10
Which I don't is that the symbol of Taramana? I don't know. That's a weird, yeah, weird reply, but that's cool. So funny to me.
25:17
Like, I lost it.
25:18
Wait. What what what were you even talking about in the first place? Anyways. Okay. So I'm talking about the reference frame. Wait. Let me tell you really quick. Yeah. Austin texted me and he goes, hey, some kid that we just hired at the morning brute. He said, he listened to your podcast and he said, because Austin asked this new guy, like, alright. Now who else shall we hire? And the kid goes,
25:35
Like, in their in their employee onboarding, they they say, we just hired you. Who else should we hire? Which is, like, a hundred percent. Yeah. And this kid raises his hand and goes, I listen to this podcast with this guy named Sam Parr. I don't know what he does for work. We should hire him.
25:52
Like, he's he goes, like, he seemed like a pretty good podcast
25:55
host. Maybe we should hire him. Yeah. And just the other day,
25:59
Sean got an offer to be or, like, it asked to interview for the head of digital for playboy enterprises, and I'm getting offers that morning, Bruce. Like, to be a staff writer? Yeah. To be a they want me to be a junior associate writer at morning brew, or I could a hedge of digital at playboy Enterprises.
26:17
It comes out on top.
26:19
What's your reaction to the, to the job offer? What do you think about that? You know, like, I I'll have to talk to my family.
26:26
We'll have to talk to my family and I'll have to see what we could do. Excited to announce my next chapter.
26:31
That's so funny.
26:33
But, by the way, at one point, I remember,
26:37
when I was running my startup, this was one of my, like, I thought this was fair game, all is fair in love and business, but, but I think other people would think this is, like, completely unethical.
26:47
I would told people on my team. I was like, oh, yeah. You should, go interview or maybe even just fuck, go work at one of these companies, like, you know,
26:54
while we're building this thing for the next three months, like, go just find out some information about these other companies that, like, are, like, they're not, like, our direct competitors, but, like, if I knew information, it would be for quite valuable to me. And, I remember To me, I literally, I literally didn't even think twice about it, which is like, you know, maybe where my moral compass is broken. But,
27:14
I remember And and, like, half of my team was like, oh, great idea. And then one person was like, you know, I don't know if that's the best idea. And I was like, what? Why? What did I say? And then I, like, realized I was, like, oh, yeah. I guess that could be seen as kinda, like, you know, dirty, I guess. So, you know,
27:29
so I was, like, whoops. My bad. Never mind. If I if I ask you to do anything that is considered bad cancel,
27:35
cancel the ball. Well, the other tactic is you just,
27:38
try to recruit the other people's team not intending to hire them for a particular role. And you say like super high salaries. Yeah. Yeah. And they're like, well, why would you consider leaving this company? Oh, you don't like how it's run? What what don't you like about it? Right. I definitely talked to ex employees. So I've done this twice. I found somebody who worked at a place before. I'll call them up. And usually, like, somebody who's, like, you know, left the company, they don't really mind sharing. They're not sharing, like, confidential information, but, like, they'll tell you, like, You know, we thought initially, we thought about things this way, but then we learned this. It's like, I I saved I remember once I just pivoted my business because we were gonna do this one thing and then
28:16
I talked to this guy
28:18
and, actually, it's funny because this actually played out. I was building a thing that was getting really popular amongst teens doing group FaceTime. So there's before the iPhone let you do groups.
28:28
And,
28:29
and so it was like, we kinda started to grow really fast amongst teenagers. And I was like, is nobody thought of this before? There's not like a new idea. Just like, instead of FaceTime group FaceTime.
28:39
And so I went back and I talked to the I forgot who was, like, there's some app that, like, had blown up seven years before that before house party. So we did this and house party was just starting to do the same thing. And I went talk to somebody from, like, Vauxhall or I forgot what it was called. It was, like, some app like that that, like, had done this before. And they had gotten pretty far. Like, they had raised, like, tens of millions of dollars They had millions of users. They were, like, sponsoring concerts that, like, teens were going to and be like, oh, download our app and then group FaceTime.
29:07
Yeah. Group FaceTime when you go home. And, like, It was, like, the thing. And it, like, didn't work. So I'd asked the guy. I was, like, hey, I'm kind of building group FaceTime now. Like,
29:17
what went wrong for you guys? He's, like,
29:19
Buddy. Let me tell you. Here here's how your future's gonna play out. And he basically described kinda like word for word a bunch of things, and I was I was like, So in my head, I'm thinking, it's good input, it's good feedback, a good, like, real world data.
29:32
Do I, in my mind, do I have a compelling counterargument to why my is gonna be different than this person's fate.
29:38
And I did not. And so I was like,
29:41
yeah. I think the things he's saying, I have really know. Like, I think basically, his, like, main thing was
29:48
it'll grow, but it won't stick and you'll never make money. And it won't Which was like the whole whole point of the clubhouse thing. Yeah. It was just very similar to what ended up happening with clubhouse before clubhouse, house party. So the guys who created meerkat, they pivoted to house party, house party blew up Vcs are funding at tens of millions of dollars doing group FaceTime. And I remember telling one of the VCs who did it, I go, Hey, here's why we pivoted away from this, like, just a couple months ago,
30:12
even though we kinda had similar, like, pretty explosive growth was I saw some problems with churn. I couldn't think of what I would do to mitigate it. And then the I talked
30:20
guy, and he was like, yeah. Here's the problem.
30:23
They'll come home from school. He's like he's like, there's a there's a sweet spot in age where they have friends, but they don't have a car. And so they come home and they're like trapped. So they just wanna group they'll just like go home, go to the room, and they'll just call their friend for like six hours straight. He's like, let me guess. Dude, so In your data, you're seeing six hour sessions. I was like, yeah, we are. And he's like, yeah. Cool. You that's normal. And I was like, oh, I thought we were special. He's like, no, that's that's exactly how they'll use this. And then they go to car, and then they'll go to college. When they go to college, their freshman year, they'll use this ton with their friends from high school, and then they'll never use it again. Because they don't they stop talking to the friends from high school. And then in college, their friends are all around them. They don't need group FaceTime then they become an adult. They never need group FaceTime. He's like, so why why why why did these get funded then?
31:05
Because you see the chart, you see
31:07
growth, like we were saying, you see six hour sessions, and you say, is this the next week's social network? Maybe this is the next Snapchat next TikTok? And so you bet. And, like,
31:16
enough house party sold for not a lot to to Fortnite basically in the end as like a team and technology acquisition, and that would never solve the light of day again. Like, it didn't work out.
31:26
But, you know,
31:28
I I think other people should do what I did, which was talk to the past competitors, and they're always gonna have, like, they're always gonna be jaded. So, you know, they're never gonna say this will work because their shit didn't work, and they think they're smart. But when you hear their argument from what went wrong, you say, does that match data and experiences. And then secondly, do I think anything has changed as the why now any different?
31:48
And in my case, it was not. Damn.
31:51
That's crazy, man. We gotta we gotta, like, when I see somebody's thing get invested, I also get intoxicated
31:57
into them as well. I'm like, oh, wait, this is not gonna work. Yeah. Consumer's just so hard. It's still a fine bet. Like, somebody was saying this when when I did that clubhouse thing and I'll a bunch of people were like, oh, I think that's true that I think that's how it's gonna play out. A couple smart people pointed out, like, look,
32:12
these guys invested. I think they invested, like, a hundred million dollars. I think I
32:17
think entries invested a hundred million dollars at a four billion dollar valuation for clubhouse at its peak. And, like, since then the chart just shows it going down down down, but
32:26
They're like, you know,
32:27
their fund is this big. So this is, like, it's not
32:32
it's not a it's not a, like, majority it's not like they're betting the house on this. They're betting, like, their normal sized bet. It's just a big number to you. Secondly,
32:40
it's a pretty binary option. Like, is either gonna go big, and this is gonna this price is gonna look cheap or it's gonna go to zero. And if it goes to even if it goes down, they're gonna be able to sell for something, and they have preference. So they're gonna make back, you know, if this thing sells for fifty million dollars eventually to Twitter or whoever,
32:57
you know, they're gonna get the whole fifty because they have, like, the the they get the money first. So they'll make back their money first. And so, like, you know, like,
33:05
on the it's not that bad of a bet. Even if it doesn't work out. And if it does work out, you know, you're a genius and great. You're, you know, everything worked out great. So,
33:15
So, yeah, I do it was whatever. Yeah. I was gonna tell you an idea. Yeah. Well, you're talking about Some ideas are on a beverage company. Okay. So I was thinking about, I was like, damn, everybody's done every variation of this. That's, like, bottled water, boxed water. Liquodeth is water in a can that looks like a beer. Logan Paul has one. There's vitamin water. There's non vitamin water. There's flavored water. There's sparkling water. And then there's like ten of each of these. Right? I was like, what what having people done? What's the and so I came up with this brand, and this is free for anybody run with,
33:42
just catch up. What's it like hot dog water? Cut your boys in. Cut your boys in, if you do this. I'm calling it Felix Felicious.
33:50
Which is, I don't know if you ever read Harry Potter, but it's basically this potion that Harry gets. He wins this thing and the professor gives him this potion. It's like You get one drop of this,
34:01
and it's it's gonna give you great, like, good luck for one day. Twenty four hours, you're gonna have everything's gonna go your way. And, the postcode was called Felix Felicious or something like that or felicis. I don't know how you say it, but, like, in my head when I was reading it, I called it Felix Felicious. So we're gonna go with that. So
34:16
Basically, it's it's good luck water. Felix felicious,
34:19
and it's, like, you're one lucky cat.
34:22
I don't know. I bet I bet I'm just butchering the pronunciation and I don't know what it is. What a great slogan that you just came up with as we build this brand in public here. That's delicious. Your one lucky cat. And,
34:33
and the, you know, the brand, it's the the basically, it's water
34:37
that's infused with
34:39
things that give you good luck. I don't know what that is. It might just be good vibes. It might be like, some crystal,
34:46
like, you know, that gold slugger liquor. Like, there's, like, some flakes at the bottom that are your little good luck charms.
34:52
This comes from, you know, the Himalayas, you know, it comes from whatever the luckiest place on earth is. I don't know what that is. We'll find out.
34:59
That's the idea. It's just placebo water. And it's openly placebo water. But you know what? I like when I feel like I had a little good luck charm at the start of my day. I like the idea that, hey, you know, I got that big test today. If I'm what am I gonna go grab vitamin water or lucky water? I'm gonna go grab I could get around the lucky water if I got the test just in case. Just in case it looks real. I've heard a lot of ideas on this podcast, and that is definitely one of them.
35:25
That's that's what I would say about that. Okay. My second silly idea is
35:35
Again, another great name. It's called
35:38
Gallimone.
35:40
What's Gallimone you ask?
35:42
Gallimone is alimony for your girlfriend. So here's the deal.
35:46
Let's say you're a girl. You're you're dating a guy who's super into crypto. Right? You're he keeps talking to you about Ethereum and Bitcoin and Zcash and the next big thing. And he he keeps telling you that web three is the future and, you know, smart contracts and the dollar's gonna He never needs to talk to a lawyer again because of smart contracts. You say, oh,
36:05
that's cool. Actually, I have a great smart contract idea for us. And she he's like, oh, I'm so glad you're finally getting into web three. This is the future. You're like, yeah, yeah, it's the future for sure.
36:16
Hey, why don't you just use your Metamask to log in to Gallimony and what you do is you put up one ETH and if we break up, I get half.
36:23
And it's a it's basically a divorce
36:26
for non married couples
36:28
where the boyfriend is obsessed with web three and you're the girlfriend and you're do we profit off of this guy's annoying obsession with Alright. That's actually good. That's good. Smart contract that would go viral
36:38
and, you just both lock up your both lock up your eath, or maybe he locks up your eath, he locks up the eath, and it's actually actually here's okay. Let me make it better. Let me just riff with myself here. This is a one man brainstorm.
36:50
Okay. He puts in the ETH. The ETH is never at risk because, you know, maybe he's like, why why would I take this deal? You say, the ETH is never at risk, my friend.
36:58
If we break up, you'll always get your ETH back. But while we're dating, this is gonna be automatically yield farming interest.
37:05
And I get to keep the interest
37:07
on this thing because I'm putting in this time dating your schmuck ass who's gonna be obsessed with web three. So put a little collateral up. It's gonna be farming
37:17
we get to have a web three experience. This is the future. Am I right? That's what I would be doing if I was dating some three bro. So so how does she get paid? She, like, puts a button says we The smart contract actually, maybe it's tied to, like, your Instagram account. I don't know. Will you maybe maybe both sides have to confirm that you're broken up? Yeah. But why would I ever confirm that because then you start dating the next girl, I'm just gonna send her this link that says he
37:40
signed in with a cryptographic signature that only he could do with his private keys saying we are not broken up. And so, you know, you kinda need that proof of proof of relationship to be accurate. Otherwise, you're leaving a little liability out there by saying
37:53
with the utmost truth truth that you are in a relationship. So he's gonna have to he's gonna have to be true. Have you heard young kids? What they say now is the re receipt?
38:02
Yes. These are receipts.
38:04
Yeah. Like, show me the receipt. That and that's what we're talking here.
38:07
I just learned that on that TV show that you just
38:10
discovered for everyone else called cheer. Yeah. You know, I'm just like, you know, such a I'm basically like at, like, these indie festivals, just finding these hidden gems like cheer. Yeah. So Gallimone, I'm on board with. I think that's cool. That is a viral idea.
38:24
Ben, young, powerful Mormon, Ben, can you come out here and tell us Give me your rankings. One to ten, ten being. I'm quitting my job. I'm going starting this. One being. I can't believe you just said that idea. Give me Felix Felicious. Where are you at?
38:38
I'm honestly at, like, a nine or ten.
38:41
What? Thank you.
38:43
You threw out the term, though. You just kinda threw away, like, placebo water. Which I also think is like a separate brand maybe for, like, science nerds, but, like, same idea. And the tagline is, like, At least we admit we're full of shit. No. No. It's it no. It's it's actually placebo water is actually part of the category. I'm a category creator in addition to a entrepreneur designer in fashionista.
39:05
The category here, it's like plant based, but it'll just be called placebo based,
39:10
beverages. And these are placebo based beverages of which we are, you know, we launched the first one.
39:16
Okay. And what about I'm on board. And Gallimony, that one,
39:21
not quite there. Not not quite to the level of, of Felix lucy's. I'm gonna say that's more like a
39:27
a six. Like, there's something there, but you need to develop it a little bit more. Okay. And anything and an eight is a zero by the way. Feedback is a gift. So I I thank you for the gift, Beth.
39:37
Can I tell you about one thing really quick that I just discovered? So have you heard of the Twitter handle Elon Jet.
39:44
Elon Jet? No. What is that? Dude, there's this young kid who created it's just basically Elon's jet. Is that the guest? Who just tracks Elon's jet.
39:53
And so as of now, he's near where our friend Jack lives in Hawaii.
40:00
And so, basically, when you have a jab How many followers does this have?
40:04
Eighty three thousand.
40:07
And so it said twenty minutes ago. To poor guy who's like trying to produce high quality content every day. It is grinding to like twelve thousand followers. And then Elon's jet just zips to eighty three thousand followers overnight.
40:19
It says something like,
40:21
alright, took off from Kailua
40:24
Kailua.
40:26
Now going to Austin, Texas.
40:28
Arriving in six hours and seventeen minutes landed in Austin, Texas, approximate time six hours and twenty one minutes.
40:35
It's pretty pretty wild. I think.
40:38
This
40:39
you're not a big sports guy. I like a a mainstream sports guy, but This became a big deal every year for, NBA free agency.
40:47
So, basically, you know, Kawhi Leonard becomes a free agent. He just won the finals. He's the finals MVP's, like, the hottest free And nobody knows where he's gonna where he's gonna sign and all the reporters
40:57
were trying to, like, work their sources, but, like, their sources are basically, like, teams leaking information that makes them look good. And the agent leaking information that just, like, is a negotiation in public against other teams. And
41:09
Reddit actually solved the case. They were like, hey, We can just track Kawai's jet. Oh, look. He's going to LA. I bet he signs at the Clippers, and sure enough signs at the Clippers. Like, wait. What? How much jet did he have? Like, why? So I I I will how does jet registration work? So they could so they could track basically any private,
41:26
private flight has to go through air traffic control. That's how these guys do all the stuff. Since they they have the
41:32
they just figure out once what they don't you don't know who's the passenger, but you figure out whose jet is it. So for example, this is Elon's jet. What they were tracking for Reddit, I think, was the owner's jet. So they knew,
41:43
they knew which owners, which teams were going to pitch him. It'll be like, oh, a flight from Miami to Toronto just left. That's pri that's the Miami heat owners jet. So that's them going and pitching their case. Oh, they got a second meeting. That means they're doing better than the next who didn't get a second meeting. And they were tracking that. And then I forgot how, I think what it was was like the someone had lent basically, like, they they know who the bill they know who the billionaires jets are, and you can't, like, shake that. Once that's tagged, it's tagged. And so from there, they knew and somebody was, like, letting him use a Jay. It wasn't Kawai's jet, but, like, something like that was going on where a rich guy was letting Kawai use his jet for this purposes. And so they knew before
42:21
the professional journalists knew where he was gonna sign. This is badass. I've never heard about this. This is awesome. I knew that, like, jet tracking was like that, but I didn't realize it was that good that you could, like, for basketball traits. Right. It's really scary.
42:36
Kind of a thing. I think you shouldn't be able to do this. Dude, what's crazy is, like, my head automatically goes to, like, crazy stuff, like, JFK shit. Like,
42:43
I'm, like, oh, I could go kill Elon. Yeah. Some kidnapper. Some like, you know Like like
42:49
just with a with a good enough shot, you know, I got this. Right.
42:53
He needs repairs and Ford flying with him, Air Force One style. If we're gonna put Elon on a jet, he's Get off my plane. Yeah. Exactly. That was pretty good.
43:03
Wow. I'll be impressed.
43:04
Alright. We're at the top of the hour. I think you got a jet. So, I gotta go. We'll track where you go. Yeah. Right. Yeah. Right.
43:11
Yeah. Could someone make one of these for us and just Yeah. Like, you have one for Southwest?
43:17
I'll send you my Southwest
43:19
anytime flight details. I'll just give it to you and you can just post it.
43:24
Yeah. That's hurt car rental. Like, like, they put an air tag in my Ford Taurus.
43:30
Yeah. Sean's still in the Burbs. He went to the boyfriend's kid, still there. He hasn't left.
43:35
Oh, Chick fil a.
43:40
Oh, my god. It's so stupid.
43:44
Alright. We're done.
00:00 44:02