We spent 48 hours with MrBeast + 11 Billionaires
Billionaires, Basketball, and Business Lessons - January 29, 2025 (2 months ago) • 43:40
Transcript:
| Start Time | Speaker | Text |
|---|---|---|
Shaan Puri | Alright sam we just had an insane weekend together we gotta talk about it we just lived in a house for a weekend with 25 other founder entrepreneur types probably 5 to 10 of them were billionaires a bunch of others were close and we didn't just like talk or hang out we literally like slept under one roof sat in saunas together played basketball together went to walmart together a bunch of times | |
Sam Parr | my airbnb had bunk beds so we we bunked we bunk bed together | |
Shaan Puri | it's as close as 2 men can get so yeah so we had an experience and I have in front of me several sticky notes of golden lessons learned and I phrased each of them I don't know if you did this but I phrased each of them to make it fun because nobody wants to hear your vacation story that's one of the great rules of storytelling is just never tell a vacation story because it's so fun for you but they weren't there nobody cares but I I think we should tell the the biggest lessons learned with the story that backs them up so it's real not just a generic lesson and I phrase all of mine like it's confucius like you know bruce lee whispered this into your ear | |
Sam Parr | yeah I dig that and to give the background basically I think like 3 years ago you tweeted out I wanna play basketball with interesting people I think mister beast like dm'd you and you're like wait is this real you ended up phoning him and he was like yeah come to my place I wanna meet interesting people the 1st year it was like you and ben organized it it was like 19 of us in an airbnb and we were like what are we gonna do so we played basketball the 2nd year you organized it a little bit more and you had like an itinerary this year you guys killed it it was awesome it it was an amazing event | |
Shaan Puri | I I do like meeting interesting people when I go to conferences or events I just hate conferences or events like I get a pit in my stomach when I have to go and I know it's good for me and I know in the end I'll meet some cool people I just hate the format I hate the structure so it was like well what's this you know instead of just complaining about it what's a structure I would like it's like well I don't know what if it was just doing the thing I love it was playing basketball with those people we basically play ball all day and then we talk at night and that was the the core idea is to use basketball as the icebreaker | |
Sam Parr | and you broke your knee in the first two hours | |
Shaan Puri | yeah yeah so this was an event where you could tear you could tear up your knee and be done in the first hour and I still had a good time that means it must have been a good event because normally that's pretty brutal I I did have a little pity party for myself but I feel better now | |
Sam Parr | are we allowed to say who was there | |
Shaan Puri | yeah I think we could say some of the people that were there yeah let's go for it | |
Sam Parr | so mister beast who like you know everyone knows him as the guy on youtube with 100 of millions of subscribers I think he's a paper billionaire I think that's public | |
Shaan Puri | yeah he's one of the youngest billionaires in the world I think he's 26 years old and he's worth a few $1,000,000,000 he's one of the most famous people also in the world one of the most recognized entertainers in the world and when you hang out with him he's also one of the like most intense | |
Sam Parr | yeah | |
Shaan Puri | fun to be around you know just wants to play all in like somebody said this once about elon they go he's playing he's playing life as if the as if the simulation theory is true you know elon has a simulation theory this might just be one of many simulations and so he he therefore just goes all in because okay whatever let's let's make this the most entertaining version of that simulation I think that's how jimmy plays plays life too | |
Sam Parr | so we are with him it was the one of the founders of airbnb who like on paper like according to forbes is like the 100th or 90th richest person in the world it was another billionaire who was one of the first investors in tesla and spacex it was the founder of reddit it was jesse itzler who's on the podcast you me al doan who runs like a quilting company that does 9 figures a year | |
Shaan Puri | tons of people anyway david | |
Sam Parr | perel nick huber it was awesome alright alright so a lot of people watch and listen to the show because they wanna hear us just tell them exactly what to do when it comes to starting or growing a business and really a lot of people who are listening they have a full time job and they wanna start something on the side a side hustle now a lot of people message sean and I and they say alright I wanna start something on the side is this a good idea is that a good idea and again what they're really just saying is just give me the ideas well my friends you're in luck so my old company the hustle they put together a 100 different side hustle ideas and they have appropriately called it the side hustle idea database it's a list of a 100 pretty good ideas frankly I went through them they're awesome and it gives you how to stardom how to grow them things like that it gives you a little bit of inspiration so check it out it's called the side hustle idea database it's in the description below you'll see the link click it check it out let me know in the comments what you think you wanna start first yeah let's do it alright | |
Shaan Puri | I got one for you here's one of the lessons I I picked up and this is about the business ideas that these guys were thinking about so if you're out there and you're wondering kind of like where's the opportunity what should I be working on here's what I picked up from some of the most successful people in america and it says fish where the fish swim not where the fishermen stand confucius aka me | |
Sam Parr | did you just make that up | |
Shaan Puri | you you saw me write it these 5 minutes before we we were well I | |
Sam Parr | thought you had heard that did you hear that somewhere else | |
Shaan Puri | there's a scratch out on it right | |
Sam Parr | I I but did you get like chinese food last week and that was like a fortune cookie | |
Shaan Puri | dude I've had my share of kung la jigga alright let me just tell you some of the ideas that I heard from people who were in at this event so you mess you mentioned jesse itzler and I think one of the public things that he's done is he got really into racing like running running endurance races so he just followed his curiosity | |
Sam Parr | hundred mile races | |
Shaan Puri | hundred mile races he started doing 100 mile races while he's doing 100 mile races he notices that the runners that are trying to do these amazing physical feats are drinking coconut water and coconut water was a big like a big part of that niche super niche community and he became a believer and spent time hunting down what he thought would be the best coconut water company ends up finding zico coconut water partners with them and zico now is a big success they ended up selling I think to coke and they're they're in whole foods they're they're you know it's one of the big coconut water brands and he found it when he was small and just like just exploring these uncharted territories so here's some other ones that I heard there was somebody there who's making 100 of 1,000,000 of dollars a year selling board games I've never even had that on my bingo card I didn't even know that was an option I did not even know that you could do that there was somebody there that was investing 1,000,000 of dollars into women's sports like you know and not even just women's sports like they're trying to do things now where you just buy a piece of a college program I didn't even know you could do that like that's for sale what the what what is this what is that for sale where is this listed is that | |
Sam Parr | listed I went to a talk recently with this billionaire who owned like the timberwolves mark glassery or something and he was talking about the box and he was talking about how he's trying to buy college do you buy the rights | |
Shaan Puri | they're going to like the university of alabama or wherever and they're just like cool we'll give you $500,000,000 for the alabama sports program and we wanna own 51% | |
Sam Parr | but do is that what | |
Shaan Puri | they're trying to do | |
Sam Parr | do they buy the future earnings is that what it is | |
Shaan Puri | they're basically I think what's gonna happen is again it's uncharted territory you don't know exactly how this would play out but this I think the short version is the college will spin out the program their their athletics program as its own business entity they'll sell equity in it they'll use the equity to finance all of their sports like women's lacrosse like things that aren't gonna be the big revenue generators so they use it to fund all their programs and maybe even school stuff and then those and then and the costs now are are borne by the the private equity person but now it's this asset that didn't even exist before like these college programs can make a lot of money media rights and all the stuff but they weren't even for sale somebody was doing that there was some there's somebody there that was like yeah 7 years ago I just got really obsessed with water I'm like yeah me too I thought my whole life he's like no no no like I got really obsessed like do do you know what kind of water you're drinking and I was like no like is this bad with microplastics what's going on and he was just like yeah like I got obsessed and so I just started studying where is the cleanest water from where is the healthiest water from and I realized that water was gonna become like oil that people were gonna more and more be drinking not tap water but they wanted they're gonna want basically bottled water canned water things like that and that water is gonna have to come from somewhere and I wanted to find the best sources of water and so I went to west virginia and I bought this aquifer this is this spring I bought this giant water source | |
Sam Parr | what | |
Shaan Puri | and he was like you see that drink you're drinking right there it's like some brand like popular brand and he's like that's our water and they use our water so that's good water and I was like what this is just a side quest that he went on and again it was curiosity driven | |
Sam Parr | was this one of the billionaires | |
Shaan Puri | yeah based I mean not not billionaire but yeah like whatever close close enough there's a guy there al who started a quilting company with his mom a missouri star quilt company and they sell fabrics for people who wanna make quilts his cofounder is his mom | |
Sam Parr | I have a planned vacation to so he owns this thing the the company is called missouri quilting company and he basically bought he did a podcast 3 years ago with us where he explained where he bought a town hamilton is it ham hamilton missouri he bought like an 1800 person town where they own every building and they're building the disneyland for quilting | |
Shaan Puri | dude just the thought of that so first to go into quilting smart guy like you know could do could've done any business goes into quilting | |
Sam Parr | it's like what are you doing man you're throwing it all the way on quilting | |
Shaan Puri | does a business with his mom right like again independent thinking not just following the herd so then starts the business his mom does the youtube channel he does the business side of it business keeps growing and then it's like you know what we could do we could create the disneyland for quilting and he literally goes and buys a town again who's is that for sale can you do that how do you do that and that that just kept happening which was like people who were playing games that didn't even seem popular another lesson there is there was a person there who had sold a piece of their company to churnin and churnin is now kinda known I first heard about it maybe like 10 years ago and churnin is this really interesting | |
Sam Parr | they're most famous for pcg the the the you know the peter churnin was the ceo of fox so he's like a big swinging dick he's been a baller for years but they're most famous amongst like normal people because they bought barstool when it was nothing and helped make it something | |
Shaan Puri | correct and they just had this again independent thinking where they were like hey I think these things that other people see as small kind of toys things that aren't gonna make a lot of money you know media brands blogs youtube channels I think these things are gonna be big I think basically and they had this thesis which was content to commerce it's like I think if you're kicking ass at content you're gonna be able to instead of just making your money through ad revenue and sponsorships you're gonna be able to sell stuff to those people and they have this content to commerce thesis and they go and they buy barstool content ends up being this juggernaut with commerce they buy they bought exploding kittens and they bought meateater and they bought surf line all these niche content brands we had a guy on the pod the plant daddy | |
Sam Parr | I met with them a couple times there was like early discussions well you know 3 meetings with the that I have with the the hustle and I was like what the fuck do you guys know didn't get that one right turns out they know a lot they know a lot | |
Shaan Puri | did he just like | |
Sam Parr | slide a | |
Shaan Puri | p and l across the table and he's like I'll leave you 3 minutes of look at this | |
Sam Parr | like they told me this story and I was like you're full of shit you don't know what you're talking about like do you you're talking about my company right it's like you know like like but they were right I think what the premise was correct but I yeah I I I didn't have that confidence that we're talking about now | |
Shaan Puri | and dude they made a fortune because the market overlooked these brands these brands were not valued like high flying tech companies but they became you know multi 100000000 $1,000,000,000 brands I really admire what tcg did because | |
Sam Parr | yeah they're the best | |
Shaan Puri | there's so many investors that all love to sound like they're smart and contrarian and they're all just what's your thesis ai the you know ai is gonna be the future of everything right it's like okay you're not wrong in that but like there's something really impressive about somebody who looked at just like this magazine or this blog or this | |
Sam Parr | they did it with doug demoro who was on our pod we've had a bunch we've actually probably had 3 or 4 people who sold their company on the pod to to those | |
Shaan Puri | guys right right and and they've been right and they've been right in a very very big way so I'm very impressed by them so to me that that's the principle fish where the fish swim so fish where the real opportunity is not where the fishermen are standing not where everybody all the entrepreneurs are are huddled up this this sports cookie says man does not sell chocolate he must become chocolate okay so what does this mean 3 years ago when we did the first version of this event jimmy aka mr beast had launched his chocolate brand feastables and it was like okay selling chocolate to little kids I had the opportunity to invest I think at a $40,000,000 valuation was like the the series a and I passed | |
Sam Parr | in in like the beast empire or chocolate | |
Shaan Puri | in feastables itself so just kinda thought about it I was like I don't really get I didn't really know much about the chocolate industry I thought his involvement was gonna be like this normal influencer brand is I'm doing my thing I create my content oh my manager hands me this hey buy this smile ding yeah put it down move on with life so I thought he's just gonna influence it I thought he's just gonna hold it up and buy it I didn't what I didn't realize is that this guy was gonna go so deep into the world of chocolate and end up knowing everything about chocolate end up running this company like an absolute maniac founder if I had known that if I had known he was gonna bring his his full intensity at this I probably would have thought about it differently I thought he was just gonna hold up the chocolate bar and see how many people clicked the link I was dead wrong so I wanna tell a a quick story you were there for for one of the walmart runs right | |
Sam Parr | no but I have a bunch of walmart stories | |
Shaan Puri | so we're sitting there we're about to record he walks in he's like hey before we do this do you guys wanna go to walmart which I realized like at the time sounded like sort of a strange request nobody's ever asked me on a on a mandate to walmart we walk in and he takes us to the chocolate aisle and basically gives a like 10 minute master class on the chocolate industry right there in the aisle and while he's doing it he's not just like explaining like well this is how it works this is how we do this is our revenues this is whatever he's also simultaneously restocking the entire aisle like he pulled the cartons up to the front because they were like 3 inches recessed they were pushed back too far some of the bars had fallen over they were crooked he straightens every single one of them out he puts the right flavors in the right spots if a bar was crinkly or broken he's like he'd throw it to his chief of staff and be like hey can you buy this I wanna have like we should only have good bars no broken bars up front and he would basically restock the thing but his hands were moving at a speed which showed you this is not the first time this guy's done this so he restocks it one of the popular flavors was out and so he takes out his phone and he's like oh I have a badge and so he just badges into the back of walmart and goes and gets the box himself and restocks it and I was like does any vendor get to do that he's like no not exactly but they know like I like I just do this I care I really care and it kind of 2 things stood out to me the first was obvious which was when high intensity obsessive people wanna win they do the same things that the rest of us do with the knob dialed up to 12 like they just they just take the knob and they just crank it past even where you think it could go and and for example he was like I think you were there he was telling the story about like missing a flight or something like this | |
Sam Parr | he like told a story about how apparently he flew to dc and had a connecting flight to north carolina or something wherever he lived and he was like you know what screw it I'm driving from dc to greenville north carolina it's normally like I don't know a 3 hour drive or something but I noticed that there's 14 walmarts in between on that route I'm gonna stop at every single one of them to learn and it turns like a 3 hour drive into like you know a 20 hour drive and he told me at one. He goes I have scanned I guess he's got some app where you scan things in walmart and it teaches you about each sku he said he scanned every single product in walmart and I don't know if he was like if someone said oh no I've scanned all of them you'd be like oh so it's like saying it's a 1000 degrees outside you're just exaggerating but with him I was like oh I bet you you literally have scanned every single one of them | |
Shaan Puri | in the podcast we did he was like yeah like you know we wanna do a thing where you buy every item in walmart for somebody in a video and he's like you know but it it's $16,200,000 it's like he knew the actual cost of the total total inventory if he bought one of everything in walmart like what it costs I forgot what the number was but so but I don't wanna make this just a jimmy love fest because there was another guy who was a top seller in target | |
Sam Parr | yeah man I heard him nerding out it was wild | |
Shaan Puri | he took us to the shelf and he was like this shelf right here he's gonna give us a tour of target and it shows you how the store works he's like this shelf right here is the high most profitable shelf in target is the highest profit per square inch which is how target measures you know success and he's giving us this target master class and we're like are you also in walmart he's like yeah we're in walmart but we're not doing so well and I asked him what's exciting for you coming up and this guy runs a $1,000,000,000 + company I assumed he was just gonna say I've got some board meetings to line up I'm going I'm taking the family to to aspen and he goes actually I'm working the next 3 weeks as a walmart associate I was like what and he goes yeah I'm I'm gonna be he goes our sales in walmart are not the same as in target and I have been trying to figure out why what I found remarkable is that you expect the people who are the most busy the most accomplished the most high net worth to be above these tasks jimmy restocking the skus himself this other guy going to be a walmart associate for 3 weeks you know they don't have to do any of this but they're gonna do it anyways they're not just doing it now now that they're successful that's how they got here and so that was the first really big takeaway from this whole thing was the intensity with which certain people play the game of business and how that leads to success | |
Sam Parr | that guy who you're referring to was the quietest person there her one of and there was a. Where I was hanging out with him he goes can I get your guys' opinion you know I'm thinking I'm thinking about potentially like making some type of business move which would value us at this valuation and we were like what valuation and it was like in the billions and we were like do do you know who we are why are you asking us this question like what like what are you what are you talking about man like you I don't know who you asked this question to but not like he was the most like humble person there and he was crazy successful it was pretty wild that that guy who you're talking about alright I have one confidence beats iq so you know there are a lot of like really successful people out there like when I read warren buffett's biography he he does the opposite where he is like oh you know I'm just this guy and it's like dude you're you're a bonafide | |
Shaan Puri | aw shucks downplaying them | |
Sam Parr | yeah it's like you're a baby genius like he was like when he was like 4 he was like making $10 a month selling pepsi but in general the group of people who we had there there were some people for sure who are genius I think jimmy's one of them actually I think when you talk to him you know he's like brilliant and like mario from oscar was one of them mario co founded a company called oscar which is a health insurance company which is one of the hardest things ever to do it's worth publicly traded $4,000,000,000 so he's like the man and he doesn't even speak english or or he does that's a second language so like he yo he's from germany so imagine | |
Shaan Puri | he's just genius | |
Sam Parr | dude imagine going to germany and revolutionizing the german health care bar you know what I mean like it's it's pretty wild | |
Shaan Puri | extra degree of difficulty from just go to someone else's motherland and fix their shit | |
Sam Parr | yeah which is wild but you know he was a genius but in general dude the wealthiest people there I noticed were not even close to the smartest and here's an example one of the billionaire guys was there he goes man ai is just gonna change the world you guys I don't think you guys get it like I use it every day and I was like how do you how do you use it he goes I could show you right now and he pulls out his phone and he talks to chatt gpt and he goes hey chatt gpt you know I have a question.' and he like starts like reading a question to it and then he's like 'now watch how amazing it is.' and he like it repeats the answer and I'm like oh so you're saying that you just use chat gbt like all the time?' like yeah and I was like well like have you like trained it?' he goes train you could trade it like he didn't know that you could do these things and this particular guy ran a company doing 1,000,000,000 a year in revenue I guess what I mean is like the percentage of intelligence greater than me or you or someone else there versus impact or net worth was not like that it it wasn't totally | |
Shaan Puri | totally totally totally agree with that which is that when you sit in a room like this 2 things happen 1 you just get to sample like it's costco and it's noon at costco and you're just getting to sample different lifestyle oh what do you do oh wow you seem kinda stressed out gotcha like not interested in going down that aisle yeah but you seem like you're having a lot of fun what do you do how do you think about this you got kids too how are you doing both right and you get to sample people's lifestyle when you hang out with them like this for like you know 48 hours straight on top of that you also get to do the measuring stick thing which kinda sucks because you're measuring yourself against like some of the most creative successful ambitious people in the world but a big part of it is you're trying to figure out the diff right it's like those see those little children's games these two pictures what's the difference between these two pictures and on one side is me and the other side is them and I'm always looking at what's the difference and sometimes if it's like a mario or whatever it's like oh cool like his brain has an extra library in it there's an extra wing that somebody donated to that brain alright cool like I can I can live with that I can sleep easy but there were other people where it was like oh it just seems like they didn't limit themselves | |
Sam Parr | that's what I mean | |
Shaan Puri | and they just kinda went for it or their courage was just on a little bit higher supply than mine and you're right that when you look at the diff very rarely was the diff these people are smarter than me or they had some advantages I didn't have coming up right it's like in fact it was usually the opposite it's like damn they had this huge chip on their shoulder because their dad wasn't around and because of this happening they were dyslexic there's a bunch of people over there that were dyslexic | |
Sam Parr | dude I wish I was dyslexic yeah | |
Shaan Puri | I know I always got was the goal it's just dyslexic | |
Sam Parr | dude every dyslexic guy there somehow was a good freestyle rapper | |
Shaan Puri | do you know | |
Sam Parr | what I'm saying | |
Shaan Puri | like not only rich but also cool in a group of of men held around together right | |
Sam Parr | like yeah like I wish I was charismatic like a dyslexic guy like that's crazy it's like if you're if you're it's like if you're blind you're a good like piano player and if you're dyslexic you're like the most charismatic guy on earth | |
Shaan Puri | yeah exactly I have a related? Which is I just wrote these two words I don't know if you can read this | |
Sam Parr | I am | |
Shaan Puri | I am so my trainer has a like a clothing brand that he creates it's called superconscious go so one of the shirts he gave me that from superconscious go my favorite shirt it just on the side it just says I am and then it's after and underneath it says the 2 most important words in the english language for whatever comes after them will define your life if you think you are destined for greatness if you think you belong at that table you will make different decisions along the way and then it becomes sort of self fulfilling right you'll work at a different speed you'll take different risks you will you will go for it in a different way several conversations I had at this event where I realized damn a lot of the a lot of the downstream decisions start with the little voice in your head the little director of your movie who's deciding like what kind of movie is this is this like an indie budget is this a tragedy is this a comedy are you a joke or is this a hero is this a marvel movie are you the hero saving the world right and like I'm not saying one is better than the other but you get to decide what that little voice in your head is gonna tell you because the director says you know what happens in the story where you stand where what you say all of those things and I thought damn a lot of what I'm seeing in how people are living their lives and what they're doing differently comes from the little voice in their head just has a different script in mind for what their life is all about the I am statement | |
Sam Parr | or like here's a small example how about jesse bringing his sauna jesse itzeler brought his sauna and he had 2 guys and I was like what do you guys do he's like oh we bring these saunas like whenever he wants to go to he keeps the sauna hot yeah he's like whenever we go when he wants to go to like a conference or something like this sauna's like a really cool way to like create a bonding experience which it was by the way just chillin' in the sauna it was frickin' awesome and I was like wait jesse you got these 2 guys whose job is to trail around this sauna like across the country to break through events that's the coolest thing I've ever heard of he's like yeah isn't it great we get to hang in this sauna I was like yes and that's like another example of intensity but on a more relatable scale | |
Shaan Puri | right | |
Sam Parr | alright I have one you could take your billions and shove it up your ass | |
Shaan Puri | is that seneca | |
Sam Parr | put yeah put that on a on one of those inspirational posters that you see in your office there is this one guy who was one of the first investors in a variety of elon companies and presumably | |
Shaan Puri | a a | |
Sam Parr | a billionaire like you know investing in tesla at a 60 $100,000,000 valuation you know I don't know what that is that like a 100000 times so something like that | |
Shaan Puri | yeah we don't do public math | |
Sam Parr | yeah like a lot | |
Shaan Puri | it's now a $1,000,000,000,000 company | |
Sam Parr | that works yeah so it's a big deal you know there was this funny story where this guy was telling a story about working really hard and like he was grinding and his kid was sick and he's like I had to take a week off to like go and help my kid and you know that was a big deal because I was working so hard and then this other guy came and he goes do you know how you guys are all talking about working 16 hours a day on your companies right now I'm doing that as well but my company is my family and I have retired from business and I work 16 hours a day as the ceo of my family and when he said that I was like this is awesome and he I imagine he was exaggerating a little bit because I imagine he still does some type of deal making or something like that you know I don't know him well enough to know but I thought it was so cool when he said that and I thought like you have it figured out same with jesse itzler these 2 guys who I'm I don't wanna I can't say the first guy's name but jesse also had the same energy where I was like this is this is the way and this is all personal preference you know jimmy wanted to be elon cool go do that but when I heard these this other way of talking I was like you know after this is easy to say because everyone was wealthy but after some number I don't know what that number is 10 20 30 some millions of numbers none of it a lot of it really matters and just like having a good time with your family is something I really admired and I thought it was really cool that that guy said that and it made me realize that I was getting sucked in this vortex of like money money money and achievement achievement whatever but when I saw these guys talk and their energy I was more drawn to that than anyone else there do you agree | |
Shaan Puri | yeah a 100% I think when when I go to events like this my instinct is to figure out oh how do you win oh how do you win how do you win what tactics what techniques what strategies what approaches work and instead the better question almost every single time is what game are you even playing and picking the right game matters way more than figuring out how to win the wrong game | |
Sam Parr | dude there was people there who were like mini genghis khans where it's like they want to dominate like they get joy out of war and domination | |
Shaan Puri | they wanna build cities they wanna dominate industries they wanna do that that's a that's one game you could play and by the way no judgment great do whatever game you wanna play I just wanna know what the games are so I can pick and other people were like I wanna be ceo of my family full time and I'm like I've done a 4 hour stretch with my kids like I think I'm more of a 45 minutes a day 45 minutes at a time 4 times a day that's that's my ideal so okay I'm not gonna be ceo of my family because I I would actually be miserable if I was a full time stay at home dad personally but I but okay that's a game I could play then I talked to jesse and I was | |
Sam Parr | like jesse what do you do like what | |
Shaan Puri | do you do every day now I'm training for races and I'm coaching my kids sports things I do public speaking because I feel like it keeps me sharp and I get excited to get up on stage and say some shit that lights people up he's like I'm selling calendars he's he's like it's not gonna he's like I'm not making a fortune like these guys you know they'll do that in a in a day or 2 a week or we'll do in a year but I I I don't know I like doing it I'm doing what I wanna be doing and he was very at ease with that he's at peace with that and I think obviously some of that comes from maturity but a lot of it comes from it's easy to be at peace when you're actually doing the thing that puts you at peace when you're doing the thing you like and if you're kind of I don't know like masquerading around trying to just do what you think you should be doing I think that becomes very exhausting and so I'm with you that figuring out what game to play seems like the much much more important question at every phase of your life and the game I wanted to play in my twenties is different than the one I'm I'm playing currently in my thirties that's probably gonna be different than what I play in my forties fifties and I just gotta kind of reinvent myself | |
Sam Parr | dude there was one guy there who said he worked with elon and apparently he had to do a meeting or something with elon and like the secretary told him like alright you're gonna do this meeting but I need you to know that elon makes his companies make $20,000,000 every 1 hour so this better be a $20,000,000 | |
Shaan Puri | meeting I heard a similar thing from a guy who worked with him that he was like elon would have a meeting but he would there would be like 40 or 50 people in the meeting and the reason why was not because that makes for a more effective meeting but because it was like if the right if the person who we need to talk to is not in this room it's such a colossal waste of his time that we'll just fly everybody here and we're gonna have this you know 45 minute block and that way everybody's here because all of your time collectively is not worth as much as his his hour which is like such a such an upsetting topic | |
Sam Parr | like it's hard to it's hard to fathom this let me tell you a really quick one which is hard work amongst this group not universal so there was one guy I you weren't there you were sean like busted his knee in the second hour or something like that and had to stay at home for like this whole one whole session and there was this guy there who was explaining how hard he grinds and then there was this other guy who was one of the more successful guys there he was like I work like 20 hours a week he's like once my company's got to be like some type of like predictable stable like alright if we just keep doing this for 10 years we're gonna grow 50% a year hopefully like it's gonna whatever he was like I started working 20 hours a week and he's like I wouldn't work fridays and it was really interesting to see that not everyone worked hard did you get that sense from people | |
Shaan Puri | the thing I pulled from it was some people were basically operating like monopolies and other people were not meaning there were some people playing a game where the competition is so vicious like you know like an easy easy example is youtube if you stop uploading the the game stop the music stops | |
Sam Parr | there's literally a 1000000 other businesses in that same exact space doing the exact same exact thing whoever exactly | |
Shaan Puri | and every idea you put out there in a video somebody else is gonna copy and a lot of people do copy the exact videos that he does and the exact script it's all public information it's all super competitive there's no gatekeeping and then there's other people who were like yeah all we had to do was get to this like we just had to get this shelf space like there was one guy who was showing us a shelf at target and he was like basically 7 years of the company was just it was just like hard work dedicated to getting on the shelf but once you're on the shelf it's almost impossible for anybody else to get on the shelf all we have to do now is stay on the shelf by the way this shelf right here like this little rack you're looking at this is $300,000,000 a year and you're just looking at it you're like oh damn like wow one shelf in walmart one shelf in in target is a is like the entire revenue streams of like these online only companies but you're extremely defensible compared to other businesses where the moment you take us take a break you have the entire internet competing with you on that same thing you know what I mean | |
Sam Parr | yeah yeah that that was an an interesting thing do you have | |
Shaan Puri | I have a quick one health is wealth in a roomful of very wealthy people how many fancy clothes did you see how many fancy watches did you see how many fancy cars did you hear people bragging about | |
Sam Parr | everyone but joe gebbia looked schleppy joe gebbia looked great even in like a workout gear even in workout gear he was wearing some nice shits | |
Shaan Puri | dude he looks like he should be in like a taylor sheridan show like if he if he made an if he made an appearance on lanman I wouldn't even I wouldn't even blink | |
Sam Parr | everyone besides him dude do you know he's on the board of tesla I didn't know that either like he he does a lot of interesting stuff everyone besides him looked like we're like we're like at a slumber party | |
Shaan Puri | yeah well we we were also | |
Sam Parr | yeah but during the day | |
Shaan Puri | yeah that should be the title of this slumber party with billionaires so the but the health is wealth thing was very real there was a lot of flexing on stuff you're doing for your health what you're eating and not eating how much who's your doctor who's your what's your protocol they did | |
Sam Parr | no one was like that jacked or ripped or anything were were they other than joe | |
Shaan Puri | yeah I thought people were in pretty good shape if you go to other industries non kinda like tech internet not our bubble right but like go to like a conference with the wealthiest people in finance or oil or whatever like pick any industry their body shape looks a lot different no everyone looks way different | |
Sam Parr | they look like a healthy 55 year old | |
Shaan Puri | dude basically our day was go play basketball for 3 hours like an intense basketball game come home go into a 250 degree sauna then when you're tired of the sauna go into this pond that was like freezing cold in north carolina and go plunge for 3 minutes so then go back into the sauna then go back into the plunge then there's like a masseuse doing body work and myofascial release for you then you're eating everybody's eating clean every single person's eating clean while we're there right like it's like dude that was the norm I got that is not normal you know if you were drinking something out of a plastic bottle it's like basically doing heroin at this event | |
Sam Parr | dude me and nick hubert got taco bell at midnight we we were secrecy yeah like we don't wanna tell anyone | |
Shaan Puri | secrecy dude I took like a feastable bar in my like I like hid it in my hoodie and it crutched over to my bedroom and ate it like in shame over there because what am I gonna do sit here and eat a chocolate bar in front of these men dude hayes is 52 years old and ripped | |
Sam Parr | yeah | |
Shaan Puri | he's great this guy is you know on the forbes you know self made billionaires list and also also just ripped for fun as a side quest | |
Sam Parr | dude yeah yeah I mean he looked great and then | |
Shaan Puri | jesse's 56 and runs 100 mile 100 mile races how many 50 year olds are ripped and run 100 mile races nobody does that shit especially successful guys | |
Sam Parr | jimmy wanted to do like a taste test he had everyone like gather around to do a taste test of like hershey's versus his stuff and like I like pretended like oh wow jimmy your stuff is great I've never had this before but like at every airbnb in the kitchen did you see this at every airbnb it was like literally 100 candy bars and I literally had 2,000 calories per night of his candy I ate so much of it I could tell you about all of it like I could I could I did I I didn't need a taste test I could tell I'm already an expert on I could tell you about all all the flavors the peanut butter ones the dark chocolate ones | |
Shaan Puri | the peanut butter ones you don't have to lick the wrapper for the taste test it's like no no no this is just how I'm thorough | |
Sam Parr | like I've already I'm like jimmy like I already know like I've I've eaten all of them and I I had m and m's and hershey bars on the plate on the way here like I I could tell you about that | |
Shaan Puri | the whole thing is when he's when he's like hanging out with like the like the the the upper echelon of the group he's just like just try a piece of this one you don't have to eat the whole thing but like you know it's more for younger people but like whatever | |
Sam Parr | that's what he's doing he goes it's for kids | |
Shaan Puri | it's for kids and he's like he'll give you like the dark chocolate flavor yeah and I'm from there with like cookies and cream all over my face the cookies and cream one | |
Sam Parr | it's like my daughter just learned this | |
Shaan Puri | is my favorite jimmy you have more of this one | |
Sam Parr | yeah my daughter just learned how to say more but I feel like this more more | |
Shaan Puri | more more more this one | |
Sam Parr | I was doing this all the time more more more | |
Shaan Puri | can I give you some of the negative ones | |
Sam Parr | how about the guy who goes at that? I was broke I think I only had like $20,000,000 | |
Shaan Puri | yeah it's telling some story well there was a hilarious conversation about prenups which is you know nothing more can be said except for there was an incredible conversation about prenups | |
Sam Parr | I was about to go outside me and me and someone else were gonna go outside of the sauna and someone said hey can I ask you guys about prenup dep | |
Shaan Puri | and we were | |
Sam Parr | like let's just sit right here I just wanna listen let's just listen | |
Shaan Puri | it was one of the most that like next 3 hours was one of the most entertaining few hours of my life like I don't think I've laughed that hard in 5 10 years like I was literally like belly laugh crying some shocking | |
Sam Parr | set setups people are billionaires are not like you and me if you're listening to this billionaires exist and they are not like you they are not like you | |
Shaan Puri | I would say is the midwitt meme was in full effect I'll give you one example so the way we played our basketball tournament was 3 teams and we played and then it was supposed to be the you know the top two teams play for the finals but every but all the teams finished the same record 1 like we all had one win one loss after everybody played each other so I was like okay well which two teams advanced to the finals and so I but everybody's getting tired so I had to make something up so I was like alright we're gonna do a like a penalty kick shootout so what's the most exciting you know like thing in sports is it hockey or soccer where they do the shootout and it's not gonna take up a bunch of energy because like we're old guys and people are getting hurt we gotta like we can't play an extra game to figure out who's gonna go so we said alright everybody step up to pick every each team pick 5 guys they're gonna shoot a free throw and then the team that makes the least like pressure's on everybody's watching you so it was interesting 1 team my team was like this is a dictatorship like y'all are the 5 best to the other guys they're they're better than you these 5 are shooting | |
Sam Parr | who was the dictator | |
Shaan Puri | well I I was a dictator I didn't even think there was another way I was like of course we're just gonna pick our 5 best and do this like honestly I didn't even consider another method and I was the coach of my team because I had gotten injured I'm on crutches so I was like doing that the second guy the second team did merit based and the the third was like kind of like a volunteer voting system or whatever and in the merit based thing a funny thing that happened was one of the guys who's probably less good at basketball overall made it in the practice shot and one of the guys who was one of their better players on the team just happened to miss so I was like damn are y'all really gonna not have one of your best players shoot and have this other guy shoot I I was just watching I'm like I just wanna see what happens here I wanna see what happened with the egos I just need to know I need to see this the guy was like you sure you wanna do it | |
Sam Parr | he's like no no you should do it | |
Shaan Puri | you made it if you want to I'll do it and then the guy's like no I mean I don't know I think I'm gonna do it he's like okay go ahead and do it so so the guy steps up and he shoots and he makes it the guy who's probably like you know one of the weaker basketball players makes it clutched it up and has this awesome moment and his team advances to the finals and I feel so happy for this guy and I'm like that was amazing I'm like I'm glad that they kinda honored it | |
Sam Parr | rudy moment | |
Shaan Puri | he had his moody moment he honored it he made it good for him that was awesome under pressure I love I wanted everybody to have like gold moments during the during the event but then after the final and this their team goes on wins the finals happy they're holding the trophy it's all good afterwards we're all like packing up to leave and he's like he goes up to that guy the other guy who sat out he's like hey I want can you and me go shoot free throws I wanna know if that was the correct like ev decision statistically and the guy's like no man you already made it like you already made it we already won like you're good dude you did it he's like no no no I need to know I need to know and he's like no like it's like honestly it's done I'm glad you did it you made it he's like I need to know and he's like alright so they go and they shoot and of course the guy who's played basketball his whole life makes more of the free throws in like the with the larger sample size and then the other guy was like kinda head down for like he's kinda bummed out about it for a second and I was like what a what an intelligently stupid thing to do right like he wanted to know like was this a positive ev decision was this statistically the correct move | |
Sam Parr | dude what does ev mean | |
Shaan Puri | expected value it's like if you're playing poker you can you bet your chips and even if you lose you're still happy because you made the right decision even if the result didn't pass you're so funny there's chances and so anyway I was like way to snatch like way to snatch defeat from the jaws of victory and there was so many of these little moments where like there's this guy there who's like he's a total catch he's like smart he's good looking he's ripped he's successful all these things and he I I just thought that a guy like this could walk into a coffee shop and like the cute barista would want him to talk to her this I've always wanted to be that guy you know like this guy could have been that guy he could have been it could be so easy for him to just meet someone amazing and instead you wanna describe | |
Sam Parr | like so alright I think what he did what did he scrape he built a program that scraped linkedin | |
Shaan Puri | starts with the desired result he's like I want a beautiful intelligent successful woman or something like that I was there for the whole thing | |
Sam Parr | someone who fit his like heritage | |
Shaan Puri | and so he was like cool so he built a ai bot to crawl linkedin to then scrape all the like successful beautiful women like trained on images of women that he thought were beautiful | |
Sam Parr | like every woman who was like of a certain like look in new york who was between you know whatever 22 and 30 or whatever he had like a date of he had binders of women | |
Shaan Puri | yeah he had binders of women it was hilarious and then he had this like whole system for how we could reach out to them with like it was amazing I don't I don't wanna go into all the details but like | |
Sam Parr | she had a dedicated iphone there he goes this is my iphone and I he goes I have 2 full time engineers who have built this program that auto dm's them this particular dm on instagram let me send her a voice note I go you send her voice notes he goes I have found that voice notes convert better and like he like showed me the voice note | |
Shaan Puri | as he told this whole system it's like what's that thing called the rorschach test or whatever where you see the blot and it's like you either see like you know a killer or an angel or whatever his it was like some people were like this is the most impressive thing I've ever seen and then some people like the married guys who are like you know 50 forties to fifties were like brother you're you're it's too much you're doing too much here you gotta just like just see a cute girl and go talk to her it's okay let it let it roll organically baby it's gonna work better that way and I just thought it was hilarious I'm really late I gotta go I'm supposed to be speaking at something right now I gotta I gotta jet I just realized I'm I'm way over | |
Sam Parr | that's it that's | |
Shaan Puri | the pod |