Cool Shit Budget
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A strategy for maintaining creativity and brand authenticity by intentionally allocating budget for projects without immediate measurable returns.
Core Concept
- Set aside 15% of total budget specifically for "cool shit"
- Key rule: Projects cannot have measurable immediate payoff
- Purpose: Keep business leaders engaged and maintain brand authenticity
Benefits
- Keeps leadership engaged and excited about their own business
- Builds brand equity through unique, memorable actions
- Creates cultural moments that customers remember
- Prevents cutting creative projects during tight budget times
- Maintains company culture and innovation during growth
Examples of "Cool Shit" Projects
- The Hustle's creative email campaigns
- Writing entire email in Trump's voice
- Johnny Cash middle finger productivity tip
- Publishing internal Slack conversations about mistakes
- Milk Road's mock Apple commercial
- Black Rifle Coffee's approach
- Sponsoring rally race cars
- Creating content around extreme sports
- Focusing on lifestyle brand over pure coffee sales
Implementation Tips
- Separate budget completely from regular operating expenses
- Don't try to justify ROI - that defeats the purpose
- Focus on projects that show brand personality
- Look for opportunities to be memorable, even if controversial
- Choose projects that you personally find amusing or engaging
- Consider it an investment in long-term brand building
- Accept that some projects might "fail" or get negative feedback
Cultural Impact
- Positions brand as authentic and willing to take risks
- Shows customers you're not just focused on sales
- Creates talking points and memorable moments
- Builds "cool kid" status in industry
- Differentiates from competitors who only focus on metrics
50:54 - 52:05
Full video: 01:01:03SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.