The Man Month, Shaan's Feud with Jason Calacanis & Elon vs Zuckerberg Fight

23 Jun 2023 · 1 h 7 min

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Podcast Episode Summary

Podcast Title

My First Million Hosts: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) Episode Title: The Man Month, Shaan's Feud with Jason Calacanis & Elon vs Zuckerberg Fight Episode Number: 468

Episode Overview In this episode, Sam and Shaan delve into various trending topics, including Shaan's ongoing feud with entrepreneur Jason Calacanis, a hypothetical fight between tech titans Elon Musk and Mark Zuckerberg, and insights from the owners of the veteran-owned coffee company Black Rifle Coffee. The hosts also discuss the benefits of second ventures, the dynamics of being a founder, and entrepreneurial philosophies.

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Show Notes

  • (00:40) Sam discusses a recent team offsite and the challenges of event organization.
  • (02:00) The hosts talk about the benefits of being a second-time entrepreneur, such as increased calmness and ambition.
  • (08:05) Shaan shares details about his playful feud with Jason Calacanis, including a challenge to play poker.
  • (12:20) A discussion on the potential outcome of a cage fight between Elon Musk and Mark Zuckerberg.
  • (24:15) Introduction to Beehiiv, the platform for building newsletters.
  • (39:10) Investor updates and future opportunities.
  • (50:40) Insight into Black Rifle Coffee and their approach to business.

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Key Discussions

  1. Second Ventures in Entrepreneurship
  2. Calmness and Perspective: Shaan reflects on how success in previous ventures leads to a more relaxed approach in current projects.
  3. Thinking Long-Term: With financial security, entrepreneurs can focus on longer-term goals rather than immediate profits.
  4. Intrinsic Motivation: The hosts discuss how personal motivations, whether driven by past experiences or financial independence, can fuel entrepreneurial success.
  1. Shaan's Feud with Jason Calacanis
  2. Competitive Humor: The feud is framed through a humorous lens, highlighting playful banter rather than serious rivalry.
  3. Public Challenges: Shaan's poker challenge to Calacanis serves as a fun way to engage audiences and create buzz.
  1. Elon Musk vs. Mark Zuckerberg Fight
  2. Public Interest: Both hosts express excitement about the hypothetical fight, discussing the seriousness behind the challenge.
  3. Fight Dynamics: They analyze the likely outcome, with consensus that Zuckerberg would have the upper hand due to physical fitness and training.
  1. Black Rifle Coffee Company
  2. Veteran-Owned Success: The discussion highlights the growth of this coffee brand and its unique marketing strategy.
  3. Ownership and Branding: The owners’ connection to military values resonates with a significant customer base, leveraging patriotism and quality.
  1. Beehiiv Platform Insights
  2. Newsletter Creation: Shaan shares his experience with Beehiiv, emphasizing its importance for content creators.
  3. Iterative Improvement: The hosts stress the significance of customer feedback in product development, using their experiences with Beehiiv as a model for success.

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Key Takeaways

  • Value of Second Ventures: Experience often leads to better risk management and strategic thinking.
  • Power of Competition: Light-hearted feuds can enhance engagement and audience loyalty.
  • Physical and Mental Preparedness: The hypothetical Musk vs. Zuckerberg fight exemplifies the importance of fitness in personal branding and public perception.
  • Community Connection: Brands like Black Rifle Coffee thrive on their narrative and customer connection, showcasing the potential of niche markets.
  • Customer-Centric Development: Fast iterations and responsiveness to user feedback are crucial for startup success.

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Additional Links

  • Check Out Shaan's Projects: [Shepherd](https://try.shepherd.com), [Personal Assistant System](https://example.com), [Power Writing Course](https://example.com), [Daily Newsletter](https://example.com)
  • Check Out Sam's Projects: [Hampton](https://example.com), [Ideation Bootcamp](https://example.com), [Copy That](https://example.com)

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Conclusion This episode of "My First Million" provides listeners with valuable insights into entrepreneurship, competition, and brand-building, along with entertainment from Shaan and Sam's engaging discussions. Their ability to weave humor into serious topics keeps the content both informative and enjoyable.

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Transcript

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0:28He needs a hold me back guy. I put my all in it like no days off on the road. All right. We are live. What's going on? Dude, amazing hoodie. Sick hoodie. You like that? Hampton? Yeah, that is very nice. I had a team offsite. We had all of our employees get together in Brooklyn. And the CEO, my CEO, Jordan, organized this lovely event. And he gave us all hoodies that say Hampton and then our city that we live in. You're a stressful dude to organize an event for. I've never had to do it, but I've been a part of events. where people are organizing for us. And I'm like, they're like, oh, yeah, by the way, it's everything, you know, the venue changed and we forgot, you know, there's only one chair on stage.

1:10I'm like, it's cool. All right, no problem. And then you're like, what the hell? And so I would be very stressed if I had to throw a offsite or an event where you were my like kind of core customer of it. Is that fair? Yeah, yeah, that's fair. But let me explain my reasoning behind that. Yeah. And this is very business related. Number one, I believe the way you do one little thing is the way you do everything. So what that means though, is if you've proven to me that I can trust you, I'm all in and I don't question anything. And so until you've proven that to me, I question everything. And if there's not a good answer behind it, I doubt you.

1:46And once we get past that stage, I'm good. The second reason, there is no second reason. I actually forget what it is. That was a good reason. Oh, I know. Here's the second reason. And we could actually talk about this for a second if you want. But basically, the second time around, you've done something, everything is so much calmer. Because now my entire reputation, my entire net worth, it's not tied up into this one entity, which is what many things I've done in the past have been. So I'm much calmer. I'm way more subdued this time. Yeah, I think that's true for sure. And do you find yourself thinking bigger?

2:22Way bigger. You've got one win under your belt. What was the phrase that Justin Mayer said? once you do whatever you got to do to get your nut and after that go for your noble mission so you know you've gotten your nut now you know you're you're financially secure you're safe not only are you calmer but are you more i don't know ambitious or long-term oriented in some way yes 100 i used to criticize founders if they would sell secondary so you'd read about this a lot you you typically only read about it when it's done in a bad way of which it's done in a bad way many times, you'll see this company, which is going to go bankrupt.

2:56The founders took$50 million off the table and it didn't work out. The reasoning behind that I think is great still, which is you give an entrepreneur$5 or$10 million and they're like, Wow, I can live a really nice life. Now I think bigger. That's definitely the case with me. I think significantly longer term. So I think like, what's this like in 20 or 30 years as opposed to next quarter? And I don't care if it fails, which is actually a good thing. Meaning I'm able to try more within it. What have I said? Treat them mean, keep them keen. It's like that with trying to find a date and make money.

3:30The less I care, the more it happens. Yeah, the way I think about it is like, because you see examples on both sides. You see when somebody had no other option back against the wall, that's when they rose to the occasion. And you can also hear the other scenario, which is, because I was secure, I was able to play a long-term game, and I was less emotionally invested in the ups and downs of it. Therefore, I was able to make better decisions and blah, blah, blah. And you could see both examples. So which one is it? And actually, I think the reality is that success is not based on either one of those.

4:02It's not based on how much money you had in your bank account, when you had zero or when you had a bunch. People tell themselves stories about it either way. I think fundamentally, if a person is driven, intrinsically driven, it doesn't matter whether that fuel is because they're a technologist and they just love technology, they're trying to make something good for humanity, or they're insecure because in seventh grade, Rachel dumped them. And it's like, well, either way, it doesn't matter. It doesn't matter what your driving force is, as long as you have a driving force. And it's different for a whole bunch of people.

4:34There's examples of people with all kinds of chips on their shoulder. I think you do need to be driven. And it's just a question of by what? And I think everybody's got a different by what. Are you more calm now that you've had success? I'm definitely more calm, but I was pretty calm before. So calm, I would say, is not really the word. I guess the way I would put it is I'm less desperate. And I think that has ups and downs. Again, like I said, when I was desperate to prove myself, you saw that I worked in that really fancy office. I also slept in that office, I think basically it was like one year, it was like 275 days out of the year.

5:10I slept there. And it was nice to sleep there. It was really nice. they had an apartment built into the office. So it wasn't like the, it's not like I was sleeping under my desk on the like concrete floor, but nonetheless, that just sort of means I just didn't have a life. I didn't want to have a life. I didn't want to care about friends and dating and other things I cared about just making it. I just wanted to be successful really badly. And I was like, it's not even that I was super productive all those hours, but I was like, look, I'm going to throw all my hours at the problem. I will sleep here.

5:38I will wake up here. That just seems more efficient. I'm just going to do that. I did that for several years, but now I would say that desperation has been replaced with you know a different asset okay I lost the desperation which was serving me what do I have now which is like I can operate more out of a like I can choose things that are like I'm actually driven towards like to have a purpose even if there's no short more offensive as well yeah there's no short-term path to like right now for example I'm writing this newsletter every day I write this thing every day there's no ads there's I subscribe no small boy or small boy yeah small boy.com and I'm writing this thing there's no ads there's no premium there's no upsell there's no business model so why am I doing it and I'm like because I really like writing and more than I like writing I like finding interesting shit to write about things that you know scratch my curiosity so I'm able to do something and then as I'm doing this thing that has no business plan that has no whatever I'm seeing all these extra opportunities open up because that I couldn't have seen at the beginning.

6:39And so just by doing the thing I really kind of have drawn to, I'm most interested in, I'm doing my best work. And when I'm doing my best work, these unforeseen things start to open themselves up. And I'm like, oh, I would have, the 24 year old me would have never been able to do this because 24 year old me was desperate and needed, I needed a payoff quick. Now I don't need a quick payoff. And so I'm able to do things differently. And I think that has a different advantage. Can we talk about, is there a new chip on your shoulder now? Well, you tell me, is the feud that you're experiencing right now, your internet feud, has that even made it to the point where you bring it up at the dinner table?

7:18No, no, no. My wife is not aware of it, but she's like, hmm, how come he's looking at his phone for like an extra 30 seconds longer? And it's because I'm coming up with a badass slam in my head. What's actually happening? I'm wordsmithing a seventh grade insult right now. And I don't know. What does my kid want? What do you want? Hold on. Daddy's busy. I'm coming up with a yo mama joke to Jason Calacanis right now. The background of this is there's a podcast called The All In Pod. They're great. I think they're good, but they're different than us. And a lot of people will listen to both of ours.

7:52So maybe there's definitely some competition in there, but we can all win. and last podcast, Sean challenged them basically to$100 ,000 poker bet, heads up poker, but there was some more detail behind it. But I shared that on the internet and Jason Kalkanis, I thought he was coming hard at me too, but he came hard at, he said, Sam, you're great. Sean, you'll still learn. And he gave you a head pat and he said, smart of you, Sean, to punch. Well, I don't know if he, so the background is while we were, I forgot what we were talking about. I think we were making fun of him a little bit because he, in the Rogan debate, people were like, you know, it's raised$2 million for this, the scientist to come debate this guy, like a kind of a famous internet challenge here.

8:36And he's like, I'm in for 10K, which is funny because the anti - Just for the record. Whatever he was doing was 100K plus. I've never made fun of Jason. If it comes down to it, you have my loyalty. I'll die for you. But I've so far, if you want me to, I'll gladly hop in. I've stayed mostly neutral. This is a you thing. Yeah, yeah, yeah. Yeah, that's fine. By the way, I like Jason. For the record, I have nothing against Jason Calcanis. I've listened to This Week of Startups for a long time. I don't listen anymore, but I used to listen like back in the day. I like the all-in podcast. It's sort of like two thoughts that are both true.

9:10I like their content. I have nothing against them personally. I've met him a couple times in passing. No ill will there. Also, I think some things he says are funny and cringy. Like funny, kind of laugh at you, not with you type of thing and cringy. I think the joke I had made that he didn't like was that I said, all in is billionaire talking about billionaire shit. MFM is millionaire talking about millionaire shit. And somebody goes, actually, it's more like three billionaires and their friend, Jason Calcanis. And he came in for his own defense and goes, actually, I'm a centi-millionaire. I just thought that was cringe as fuck, which objectively and scientifically it is.

9:48and so I think he might have might have taken offense to that and he didn't fully like it but I would say my poker challenge to them is only for fun I just think it would be a fun thing to do I think it'd be a fun thing to watch I'm just looking for some action I love playing poker they say they're great at poker okay let's do a little celebrity challenge nothing's been settled you're not doing it yet well they didn't take the bait I think you know he was sort of just like well you know you're not famous enough for me to do this challenge I have more to lose than I do and I have to gang out of doing this was sort of the vibe I got, which honestly, fair play.

10:23The problem with that is that that's not entirely true. Are they more popular? You could argue that for sure. For sure. But there's a ballpark and it's there. I'm in the stadium. Yeah. It's not like calling a 5 '10 guy tiny. You know what I mean? You got to be at least 5 '6 to get that nickname. You're 5 '10 here. You know what I mean? Not small enough. Yeah, yeah. But the funny thing is, as I was talking about, yeah, we should, like on the podcast, I was joking. I was like, oh, wait, is this fake internet beef? I would love to have some fake internet beef. That's, you know, this is how rappers for generations have been getting famous.

11:00You know, they just have fake beef. We should do this as podcasters with other podcasts. And so I think that was the fun behind it. We got one-upped big time. Just when I thought me and Jason Calacanis were getting some fake internet beef, Palmer Luckey comes off the top rope, the founder of Oculus and Andrew comes off the top rope and just body slams Jason. People love that. And then while that's going on, Elon Musk challenges Mark Zuckerberg to a fight. And now I don't even give a shit about my own poker match. I need to see these guys fight. Let's break this down. We have to do this story. Yeah.

11:37So basically, I don't actually don't know how it started. You know how it started? but what I do, I'll fill in when Facebook actually, Facebook officials replied with a beautiful response. Well, there's a few steps to it. So I think the first thing was, I guess the old, I think the origin of this was a presentation leaked out of Facebook that was talking about the Facebook's coming out with a Twitter competitor. I think it's called Project 92 or something like that. And it's a Twitter competitor. And their pitch was sort of like, yeah, it's a Twitter competitor. Instagram people will be able to immediately have their Instagram following on this.

12:11So if you're already famous on Instagram, you can just start sharing short form text like Twitter on our new thing. And it will be run in a sane way. It will be managed in a sane way. I think it was something with the word sane in it. And so essentially implying that Twitter is sort of insane. And the way Elon's running it is reckless. So that got out. That internal presentation leaked. Maybe intentionally, maybe not. I don't know. So Elon started making fun of Zuckerberg. He sang like, you know, Zuck my blank. You know, like, you know, he's just sort of like, you know, tweeting stuff like that.

12:43And then somebody, somebody was like, you know, watch out. Zuck's been training. And he, and Elon replies and says, I'll fight Zuck in a cage match. So he says this and Zuck screenshots it and posts on his Instagram story with the caption, send me location, which for those who don't know is a iconic UFC slogan by Khabib. I think one of the greatest UFC fighters of all time, who was when he was fighting with Conor McGregor and McGregor was like, oh, he's scared. He doesn't want to fight me, blah, blah, blah. And Habib just goes, brother, I'm not scared. You want to fight me? Okay, just send me location.

13:23Just send me location. Like basically, where do I need to go? I'll fight you anywhere. And so Zuck hits Elon with the send me location. And this triggers a chain of events that I thought was a joke. So I thought, first of all, I've never seen Zuck talk trash. That was already kind of an amazing moment. He did a heel turn, which is awesome. The second thing is, I was like, okay, well, there's no way this is serious. And then Elon sees that tweet and goes, or sees that story and goes, I'm serious. I'll do it if he's down. And then people are like, wait, what? I don't know if you saw this today, Sam.

13:57Do you see that Dana White's involved? So Dana White, who's the president of the UFC, comes out. Because again, I'm sort of, you know, my greatest fantasy would come true if this, If randomly two tech billionaire CEOs went and decided to do a UFC match, that's my two worlds colliding. All of a sudden, Dana White comes out and he says, I talked to Mark and Elon last night. Both guys are absolutely dead serious about this. He goes, this would be the biggest fight of all time. Floyd and Conor was one of the biggest fights of all time. This, I think, triples it. There is no limit on how much this could make.

14:31He said it would be in Las Vegas. It would pay-per-view and it would be about 100 bucks pay-per-view. And you would have 51-year-old Elon Musk against, I don't know, like 39-year-old Mark Zuckerberg, who's 100 pounds lighter than him. And dude, what is happening? Is this real? And then The Verge reached out to Facebook and a Facebook official, which replied. The PR team, yeah. And they just said, yeah. And they go, the story speaks for itself, which is another, like, basically, there's a guy in the UFC that always says, it is what it is. And that's exactly what Facebook just said. They said, it is what it is.

15:07It sounds serious. And I thought that was a pretty baller move. I think this is hilarious. I think this is awesome. I love a freak show. Sign me up. I have some rapid fire questions. Topic number one, most importantly, do you believe this will happen? Yes or no, and why? I believe Zuck will do it. And I think he would do it. I think there's not a chance that Elon would do it. I think Elon would get very hurt just trading for it. And I don't think there's a, there's a, there's not a world where Elon does. So you think it's a no, a no, because Elon. Yeah. I a hundred percent agree with you. I hope it happens.

15:44I'm not saying it won't happen, but I would just, if I had to guess, I had to guess, I would say it doesn't happen because Elon realizes that he's going to lose a lot. He's going to lose. First of all, if he does that, he's going to get destroyed. He's going to get, he's going to get tapped out. And if he, if he does it, I think he realizes that it's a pretty bad look for him to lose to Zuck. his cool factor is really high and he needs to find a wiggle out he needs a hold me back guy you're at a hold me back guy you're in a fight and you're like hey listen I'm gonna go out to these guys I need you to hold me back I'm not actually trying to fight this guy I need it to look like I'm trying to fight this guy and I need you to hold me back and it's gotta be off these guys weren't holding me I would have kicked your ass he needs to find a hold me back guy I think Elon's hold me back guy is gonna be a hard sneeze he's one hard sneeze away from getting like a back smas him you know what I'm saying like he's not the guy's not fit you know he's a he's a he's a charlie horse away from quitting yes winner by noogie mark all right so so that's my second question which is how do you think let's say let's say our dreams do come true this fight does happen what do you think would actually happen like predict the actual fight what would what would happen fight starts what happens look so i box for fun and i spar and what i've learned is it doesn't really matter that much.

17:01It matters a bit, but it doesn't matter how in shape you are. It doesn't really matter how tough you are. If you don't practice that skill set and you go against another person that doesn't have that skill set, it's just you're light years away from one another. Just being comfortable getting hit. I think Zuck would finish him within two minutes. He'd probably get him on the ground and Elon would tap from getting his arm injured or something like that. Yes. Now, the counter-argument would be but Elon could train. Are you counting Elon out? This guy's proven he could do anything. He could train.

17:31What's the counter to that? He won't. I don't think he'll train. And I don't think any amount of training. Look, you can't make an overweight 51-year-old fit in any amount of time. The magic powers of Ozempic. He's already on Ozempic. He's already lost like 30 pounds on Ozempic. It doesn't matter. Keep in mind, Zuck's still only 39, I think. Or 38. No. I don't think that Elon can train. No amount of training will get him to the point where he can keep up. Here's some extra data. People on Twitter were like, Elon, we love you, but man, I think Zuck would handle you. Here's what Elon said. Three things that he said.

18:04Oh, I saw this. Number one, he said, I don't work out except for sometimes when I pick my kids up and throw them in the air. So he doesn't work out at all. He doesn't exercise. Forget about fighting. The guy doesn't exercise. Secondly, he's like, I'm so much bigger than the guy. Just for reference, Elon's like 6 '3", 200 plus pounds. you know zuck is probably five nine i think five five eight five nine maybe five ten max and it's probably giving up easily 50 pounds in a in a fight here so weight classes do matter and elon says i have this move called the walrus uh yeah i'm just like a walrus i just lay on them they can't do anything they're just pinned this is this is his plan none of that matters it doesn't matter when Jujitsu people want to start on their back with you on top of them.

18:54It doesn't matter. I'm not a practitioner of Jujitsu, but I've watched it enough that I feel confident, at least in this call. It is so one-sided. It doesn't matter. By the way, training, if you're a beginner in Jujitsu, you can go to a Jujitsu gym for six months, and you'll still be getting your ass whooped by people who are just one year ahead of you. because the learning curve is very steep to actually get good at this stuff. You don't pick up boxing or jiu-jitsu very quickly. Boxing, I don't even think, would be a factor. I think the fight's going to the ground. Both guys are too uncoordinated.

19:28Nobody's knocking anyone out. Both guys, I think, would look very unathletic and would end in Zuck tapping him out. By the way, do you see this picture I put in the doc? Look at this picture of Elon wrestling a sumo wrestler. Have you seen this? Ugh, yeah. He said he's briefly done karate, briefly done judo and had done a little bit of jiu-jitsu is what elon has said in the past if i had to bet on elon versus mark on most everything i think i would choose mark zuckerberg yeah like whether business or fighting i think both a good hang i think zuck would be a better hang i think zuck it would trump him and just about everything don't you agree i mean good hang i think a lot of people would pick elon i think elon's looser and more fun and it's like oh he he smoked weed with joe rogan he must be awesome right like this is like how much no i think i i think he would be an awkward hang i think it'd be very uncomfortable i don't think i think zuck is is just zuck dude they're both podium on the in the awkward olympics i mean let's be real here yeah yeah but zuck zuck like you know he reads books on where to place his hands when he meets people like he's like place on shoulder you know what i'm saying like and he actually like studies it you know i i think that zuck is gonna win in every aspect you agree i agree i really hope this happens there's this dana white thing gave me a slight hope but there's a famous people don't know this dana white is a like he's a world-class liar in fact if you ever go into like the ufc communities on reddit whatever like one of the most famous like taglines of the community is don't believe his lies because he'll tell you he'll sell you anything he's a promoter he will try to drum up interest doing whatever he's got to do and try to pull things off like that this might be, by the way, this might be the Hail Mary save Twitter thing, you know, like Mayweather McGregor did like$500 million, if he thinks this is going to do triple that, let's just pretend Dana White's not lying for a second here if this fight did like a billion dollars and Elon took home, you know,$200 million out of that net, hey, that's just another few months of runway for Twitter, which is currently unprofitable and, you know, depending on who you believe could be, could be bleeding advertisers.

21:42I have to imagine that there's also like a life insurance policy that these guys have. Like, I wonder if it's like, you have to have security with you. You can't, you can't ride a motorcycle. They're going to just send in like a proxy. It's like, here's my bodyguard versus yours, right? Like in history, isn't this how like conquerors fight? They don't go fight themselves. They send in their best gladiator. like the top engineer at Facebook and the top engineer at Tesla need to go in and fight for their honor? I would still bet on anything Zuck does. Do you want to, can we talk about Beehive? Yeah, let's do it.

22:13Tell me a little bit about the background of Beehive. All right, so what is Beehive? Beehive is a piece of software. If you want to create an email newsletter, Beehive, in my opinion, is the best way to do it. I'm biased because I invested in it, but I also used it before I invested in it. We used it for the Milk Road. We built our whole business off this. I basically saw what you had done with the hustle. what the morning grew guys had done. And you guys had all done almost like what I'll call like the homebrew version of Beehive, which was like, when I asked you, I said, Hey, what should I use for this?

22:40You're like, well, you know, you're going to, here's some things you care about. You care about deliverability. You care about how easy it is for your writers to write. You care about a referral program, blah, blah, blah. There's five tools. And what Beehive was, was, and it's complicated and it's complicated and it's expensive. And what Beehive did instead was the guy worked at morning brew and he built out their like referral and growth program. I think. He left and he basically was like, how do I productize the internal tech that we kind of had at Morning Brew so that it makes it easier for anybody to create a newsletter brand?

23:13And this is a constant discussion that we had at The Hustle. And my constant answer was, no, let's just focus on this one thing. And that's true. I made the right decision because it's so challenging for a media company to be a software company and vice versa. It's hard when you're doing one thing to... I had ad salespeople. I'm like, you guys can't sell software. It's just different. And he has proven that I actually predicted. I was like, no, because we need to focus. And also because I don't think there's a market for it. So far, I think I've been proven wrong. But I haven't been proven wrong totally.

23:49We'll see if it actually works. So he spins it out. He creates Beehive. It's basically you go on, you click a few buttons, you've got a newsletter, you've got your templates, you can create segments, You can do all the features of a newsletter. Great. It's good. We use it for the Milk Road. We build our whole business off this thing. We sell Milk Road after a year or so. Along the way, I got pitched by him, probably when you did. It was like, hey, I'm thinking about this Beehive thing. We're raising money. Big fans of you guys would love to have you involved. And I had the same opinion as you.

24:17I was like, I don't know. It seems small. I was like, I think there's some newsletter brands that will be big, but I don't know if their underlying tech is going to be that big. I don't know how big that platform would be as a software. So we passed and I think the first valuation we looked at was maybe 10 million. You passed too at that time, right? For the same reason, market might be too small. And at the time I was saying no to most stuff, but really I also thought, I don't think this can work. I don't think it's, I don't think it could work at a venture scale. And there's a classic lesson here, which is like, sometimes there's such a thing as knowing too much.

24:48Often the people who know the most about an industry are either a too much scar tissue. They just don't want to be involved with it anymore. They just want to go do other things. that just don't want to think about that because there's too much. Like I spent seven years, I left a piece of my soul over there and I don't really want to worry about that again. And the other is you get too defined by like how things are and you don't really see, you're almost too deep in. You don't see where it's going. This is why very few breakthrough innovations come from traditional industry experts. They come from often beginners.

25:18And why would a beginner be able to create a breakthrough and not an expert? Because they come in with a fresh perspective and a blank slate. They're not limited by the prevailing wisdom. So that's happened many times over. So we passed, we start using it though. I'm like, oh, I'll be a user. So there's that. I'm not going to invest, but I'll be a user. So we start using it. And what did you think of the product? And at first it was good, but I kept running into these limitations and I would be like, hey, oh my God, they don't even let you filter by X or wait, you don't even have analytics for my growth side or the referral program only does this.

25:50You know, like I would find these, I'd bump into the limitations because it was very early on. We were like one of their first users, I think. And his reply, I bet, was the best reply on earth because that's what it seems like. It was the perfect reply as always, which is, I hear you. We agree. Already working on it. But let me see if I can get you something a little sooner. We're planning to release this in two months, but let me see what I can do here. And what they would do is either he would manually do a workaround for us. It'd be like, look, we don't have this analytics thing yet, but here's what I'm going to do.

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26:19I put a button on your dashboard. It's ugly. It's gray. Nobody else can see it. it just but it's an export it'll email you a csv and then could you just run the run the analytics yourself for now until we build it so he would give me a he would take three hours and just make my life better he would understand he would also ask me a bunch of questions like so what are you trying to really do here and let me just confirm i understand this like a good product person would do he's trying to really understand the needs the second thing he would do is then they would actually ship the feature so he'd say that's two weeks away i remember telling ben many times then be like oh yeah they said they're coming out in two weeks i was like dude are you a rookie like no way startups say anything they don't like no what engineer has ever hit a timeline like this never happens sure enough two weeks later hey they would proactively reach out hey the feature's out test it out i want you uh i think it'll work for you guys now and we would go do it and he just did that three times so over the course of about three or four months i was like change my mind call tyler we need to invest in this thing i was like but what about your concerns about the market, I was like, I don't know, still might be true.

27:19But here's what I do know. This guy's an animal. He's making a product that's really good. And you know what? This might be an example where the market is bigger than you think, which has been the case for many big winners. Like, you know, what's the market for, you know, private black town car on demand or crashing on someone's house as an Airbnb, right? Like these things can become a lot bigger than you sort of initially look at if you sort of squint. I've heard so many people say the same thing about him. And I've noticed because I found him online, I've only talked to him once or twice. I've noticed online of him changing like quickly, moving quickly, changing the product quickly.

27:52And whenever I saw that, I thought, damn, he's going to do it. He's going to, I don't know how big, but something's going to get pulled off here. That's, that's, you could tell that right away. And this is, so two things on this. One, there's a framework that we had in my very first startup. We realized this, we were in the, we were doing a sushi restaurant and in the restaurant industry, There's this weird phenomenon, which is provide what's expected. No points. Mess up their order. Minus 10 points. But fix the mess up plus five points. So it's like, I was like, hold up. If we had just given them the right dish, they don't care.

28:26They just move on as expected. If we mess up their order, they're angry. But if we fast fix and we not just fix their order, but we give them the freebie with it, or we really come back and make sure that they're all good or we take it off their bill. All of a sudden, they had a tremendous experience with us and they'll go tell their friends. And I was like, what's with that? And I came up with this sort of like the fix-it theory of restaurants, which is actually mistakes. They're going to happen anyways. And actually what you need to train instead of a mistake minimization, it's how fast and how thoroughly can you fix it?

29:00Because that actually creates like a higher net promoter score. That's beautiful. This guy's doing this with software, basically. did you make this up yeah i'm sure there's um some name for this i don't know this was like a whatever or you know discovered by the hard way but like i'm sure there's a fancy name for that oh i just called it the fix it theory right like if we fix it it's it's all about how you fix it and the fix it's where you get the like diehards so it's very good i noticed that and so he was doing that i'll give you one other little beehive story which is like i don't know a little dark maybe doesn't want me to share this but like you know at some point his cto passed away so we were biggest jerk of all time.

29:33He says the two week thing, something didn't happen in the two weeks one time. And I was like, dude, come on. You said whatever. Where's that feature? We really need it. Don't you understand how important my newsletter bubble? I'm being like, you know, I didn't say those words, but like, I'm playing it up in a way here. We were, we were just like, Oh God, complaining. Like it's not ready yet. And he's like, I'm so sorry. We're just dealing with something right now. His co-founder or CTO had passed away during the startup and they were, you know that's a very hard thing for any entrepreneur to deal with yeah he handled that like as well as a human being can handle it meaning was totally you know like gracious and empathetic around what was going on but also understood that like you know he's got it he's got to keep moving forward in some way and he's gonna have to figure this out and it's not an easy thing to figure out i mean like all kinds of great you just don't know the passwords to have the things right like it's like all kinds of stuff that you don't even really think about because knock on wood, this never happens.

30:31But just seeing how somebody overcomes adversity and deals with really tough situations is another thing where you sort of see characters revealed in moments of difficulty and adversity. You see how somebody handles something and you think, you know what? I think they're going to figure things out. Fast forward to yesterday. And I think he's really young too, right? He's like 20. He's in his probably 27. Yeah, something like that. He's pretty baby-faced. I don't know. He seems young-ish. I'll tell you two other interesting things. So yesterday, the reason why we're talking about it is yesterday they announced, we probably should have led with this.

31:03Yesterday they announced, they raised a Series A, 12, 12 and a half million dollars Series A from Lightspeed. At like a$50 million valuation, I think, is what an article said. Yeah, I think a little more than that. So they raised this money and he posted a graph of their ARR, so their annual recurring revenue. And it's a hockey stick curve. It's 3 million in ARR. And like, I don't know how long. Let me check. I think it's sort of like, yeah, 3 million AR in like 12 to 18 months, maybe something like that. Just really, really, really impressive. And so the run rate's, I think, 4 million. And he said in the thing, we're trying to end the year at 12 million.

31:40Super impressive. And this year, so go from 4 to 12? That's what he's trying to jump. He says currently at a$4 million run rate. They have 3 million of recurring revenue from their subscription product, plus another million of revenue from their like, because they'll help you. let's say you want to sell ads or you want to monetize your newsletter they'll help you monetize your newsletter too so they have like other products now wow and it says yeah i forgot he posted the chart but i think it's like roughly 18 months to two you know maybe 24 months at the max uh that it did that oh you got a call out in the in the tech crunch article it said used by milk road hell yeah that's right i'm in the ballpark baby um so you know you know i think that this is an interesting example i'm curious to see how this plays out i could see this still Honestly, going one of two ways.

32:26I'm an investor, but I could totally see this being a great business that wasn't venture scale. Meaning he might sell this thing for$100 million. He might get to$25 million in revenue and sell for$200 million. I think that's probably the expected outcome, to be honest. Would you be happy with that? Yeah, I'd be happy for them. We would make some money. It wouldn't be the type of return that you would... In a startup portfolio, you're obviously looking for these billion-dollar-plus outcomes. But hey, you know, like that's a win's a win. And I would be really happy for their team. So, you know, I think that would be life changing money for him.

33:00It'd be a great outcome. I think that's like, that's like the, the, the, like, if they do well, if they execute well, I think that's on the table. I think what's the question is, how big does this kind of newsletter media thing get? Can this get to the scale where, okay, if they're, if they're trying to get to 10 million AR this year, they're at four trying to get to 10. And if they get to 100, right? If they 10X from there over the next five years, that's now a billion-dollar company. The question is, can it become that? What would they need to do to do that? I think that's going to be the challenge of the big question for them.

33:35I don't think that's going to happen. If I had to bet, I think that there's a nine-figure exit that's going to happen here that will make them wealthy and be a huge success. I don't think a billion-dollar company is going to happen. I think it's too challenging. I think that I'm an investor of ConvertKit. If you Google ConvertKit and then the word Bear Metrics, you can see all of the revenue and the churn on ConvertKit. ConvertKit has been doing it for eight or nine years, I think. And there are a little bit more focused on small businesses as opposed to Beehive, which is like freelancers turned one-man, two-man companies.

34:11And you can look at their churn of ConvertKit, and I would think it's better than Beehive. And it seems very challenging to get to$100 million in revenue in a venture time frame. Yeah, I think that could be totally the case. So on ConvertKit, their MRR right now says basically$3 million a month. So$36 million a year. Yeah,$36. And look at the churn. I think it's 4 % a month. Yeah, 3.5 % a month. And so does that mean that most people churn out after one year? Is that what that math means? No, I don't know. I don't know. I can't math. I don't do public math. Definitely don't try to do monthly compounding into extrapolating that for 12 months.

34:56That's not easy for me. But I think three and a half percent churn per month is obviously not great, but it's also not like bleeding in SaaS metrics. No, not at all. And I think that I would rather be Nathan Berry and own 90 % of that company. Of course, Nathan probably had money or had some income coming in. So we have the ability to do this. And like you said, everyone's got to get their nut and get it how you can. Yeah. So I think it's going to be a massive success. I just don't know if it's going to be a billion dollar company. But I think that the takeaway here for myself, for you and for the listener is the speed of shipping new stuff and making iterations and more so talking to your customer constantly and hearing what they have to say and asking them why.

35:37Not what do you want, but why and I'll come up with the solution I think that's the takeaway here I think the fix it menu thing is the fix it framework is really really really good is that what you call it? I'll give you two other little frameworks around this so one is from Paul Graham, Paul Graham wrote this essay once where he goes a thing I've noticed in successful entrepreneurs, Paul Graham created YC so he saw thousand plus entrepreneurs try to come through there and picked very well he goes one of the things I would say is most commonly linked with success he goes can you describe this person as an animal.

36:10And what that means is not, oh, he's like a giraffe. He's got a long neck. No, it means, could you just be like, dude, that guy's an animal, right? She's an animal. It's basically just, just, just, just describes the sort of tenacity, intensity, and speed with which somebody moves and just figures things out and gets through obstacles and breaks through plateaus. And that one piece of like, kind of like investing advice has really stuck with me and like served me well. Cause it's really easy to get analytical about the market, about the product, about the industry, about the competitors. And you should, that's, that's good.

36:46Look at it from all angles. But whenever I'm like, this person's an animal, I'd make a bet for better or worse. I'm just like, I'm just going to err on the side of betting on people when I think, when I can describe them as an animal, because that type of person could figure things out. And I think on balance, it's just a higher predictor of like outside success. And also the opposite is true. I've had, I've made some mistakes in investing when I'm like, Oh, love this market, love this product. And I'm sort of projecting if somebody was just a beast and took this on, they would just crush it. And I kind of overlooked the fact that the person going after it is sort of soft and timid and seems to lack aggression.

37:26It doesn't seem to know their shit. They don't really know their numbers about, well, when I ask about the customers, they don't post on LinkedIn a lot. Yeah, they keep wondering about stuff. And when I ask them what's going on three weeks later, they don't really have clarity on what's changed, what's better, what they're focused on. When they hit, they get overwhelmed easily. And it's like, I've also talked myself into market investments. And I guess for me, early stage investing, I think that is the person an animal is just a very important test. That's one. I got an update from a company I invested in and they were talking about their new LinkedIn content series.

38:04And that was the main thing. And this is a software company. And I was like, okay, but how about revenue, profit, and how fast? You know what I mean? I was like, I don't care. Also, I don't care about the new hires, frankly. 100%. I'm going to shit on my own portfolio this way. I said this the other day. I said to my investment partner, Romain, I go, Romain, man, like, I feel like maybe 15, best case 20 % of our portfolio writes good updates. I said, that makes me worried. Because I was like, really, there's two buckets. There's people who just don't write updates at all or they're inconsistent.

38:41They pop up when things are good or they need something and then they disappear for nine months when things are going tough. And Paul Graham also has written about that, which is when you stop talking is when things go bad. the people who survive are the ones who continue being in communication, even when things are tough. And when you omit information, when it's like, hey, so why didn't you just put, you told me how much your burn was and your lot. Why didn't you put your cash balance in there? Exactly. Like, you know, I can do the math. We invested in one company early on that's a pretty famous company in Silicon Valley.

39:11It was really hot for a period of time. And now it's like people have gone sour on it. And they said, they like would write, first when it was really hot, they would write these very surface level updates like, oh, we hired this VP and this person and this person and we brought on this new investor. It's like, cool, but what about the business? How's the business going? And you're almost like, it's almost like, don't ask about the business. It's like, what's going on? Why is that the feeling? And then sure enough, 18 months later, oh, bad news coming out. We had to do layoffs and there's bad press article and all this stuff.

39:42And we're just, you know, we need to raise money, but it's not looking good. It's like, what's your burn rate? Oh, we burned 3 million a month. I was like, dude, what? And why haven't you been saying this, right? Like it's an unbelievable. And then if you ask them like, okay, what's the problem right now? It's like, oh, the problem is the funding market right now and this and that. No, the problem was you were burning$3 million a month for a long period of time without the corresponding reward for that burn. You weren't growing in proportion to that burn and you were reckless with money, right?

40:14Like that's the reality. That's the honest lesson out of it. you might be telling yourself some other story. Similarly with our portfolio, I would say about 20 % are writing good updates. And a good update is here's the anatomy of a good update. I might actually just release a template for all on this, but it's basically, Hey guys, as a reminder, we are Hampton. What we do is this, right? Like first, just like say what you do. Not that like your investors forget, but in general, you're not top of mind for people. and you should have a real clear, punchy thing that you're drilling in this association.

40:47Whenever you think of this word, think of us. Whenever somebody has this problem, think of us. And so like first start with that. Then say, last month was, and your answer, a great month, good or bad. Answer that question and then write the KPIs. The KPIs got to be revenue, active users or active usage, active customers in some way. the negative of that. So some churn or, you know, cost number associated with that net burn, maybe cash balance, you know, how much cash do we have on hand? And then you want to write the number for, we have to write the number for what it is in parentheses. You want to write, how much is that up month over month?

41:28And what is your goal? How are you doing against your own goals? Because our annual goal is to get to 10 million in revenue or get to a hundred million in revenue. And to do that, we need to be doing X and we're actually either above that, below that are on track. That's the honest way to start an update. Below that, you can write whatever the hell you want, to be honest. You got to write that part first. The next part you should write is why that happened. So revenue is down because blank. Revenue is up because we tried this affiliate thing and it's actually working pretty good. We're going to double down on it.

41:57Revenue is down because blah, blah, blah. The users is flat because we didn't do XYZ or we are doing XYZ and it's just maintaining. We're going to figure out how to get to the next level. So you have your sort of two sentence commentary on the metrics. Then after that, you could put your ask, like, here's what I need from you. And below that, you can put in whatever the hell updates you want. Honestly, I don't. But the fluffy stuff. What you don't want to do is what a lot of people do. Hey, we have this article. Can you share? That's the start of the update. Just a quick update on our end. Good month for us.

42:30We made these four hires. I want to welcome Steve. It's like, why are we talking about Steve? your VP of marketing, you know, they just go on, you know, Steve used to work at Visa, but now he's over here and that's really great. Oh, on the product side, we released these new updates. It's like, dude, this is not where you put patch notes. Like your investors care about something and you don't want to go over here and wave your hands about all this other shit. That's not actually like the core relevant information. And I think it's just wild to me that people don't get that. I refuse to like, I'll die on that hill.

43:02That's how investor updates should be written. And it's crazy to me that people don't just do that consistently. Yeah. When I see that, I just think you're lying about something. This goes back to what I said about the way you do one thing is the way you do everything. If you're not honest, if you're not honest about it, I think that you're lying about other stuff. And I just, and so I think it's really important to do these things really in the right way. I used to do this all the time at the hustle. I felt, I think you used to get mine, right? You used to send me your updates and they were phenomenal.

43:28They were perfect. It was exactly in this format. And you were like, you know, you're just the university of common sense. It's not like you were getting mentorship or advising or your fifth startup. It was just like, all right, what are people going to care about? Obviously the key metrics, how it's going, what I think about those key metrics and what we're going to do next. That's basically what your update was. I think what I understood is that people basically want to get rich, they want to get laid, and they want to have power. Most of my things in life are rooted in knowing those three things.

44:00And the problem with a lot of Silicon Valley companies is they think that the answer of, but I learned a lot, is good enough. When it's like, no, man, I give you my hard-earned money. I expect a return. And you need to be... What are they... Scott Belsing told me this. He goes, you need to be a steward of capital. And I heard that. And I was like, oh, man, you make it sound so official. I sound like a knight. I'm just deploying money. I'm like a knight in shining armor to do this. And so there's that. And it's basically like, I'm a small business owner trying to make money and my business is investing in your company.

44:33You just took money out of my family's mouths and food off our table. That's how I feel. And so if a person isn't doing everything in their effort to give me a return on my investment, I get fucking pissed. If they do really hard, if they work really hard and they fail, or if they make errors, I'm cool with that because I knew that I'm playing the lottery here. But if they do this soft shit and they aren't honest about it, it kills me. So you're saying honest in the sense of lying. I actually think that's the minority case. I don't think people are actively lying. I think if they're lying to anyone, they're lying to themselves.

45:04I think what actually happens is... It's lying through omission. It's lying through omission is what it is. So I think there's three scenarios. Either you know the situation and you don't want to say it. Bad. Or you just don't even know the situation. You're not on top of these things. Really bad. It's usually the first. Or you know it, you don't want to say it, and you're intentionally withholding the information in order to mislead or misrepresent or whatever. The worst. And so it's really bad, bad, or badder, right? Like, you know, bad, badder, or baddest. It's like there's really not a good explanation.

45:43The only good explanation that I will accept is that there are some companies that are doing so phenomenally well, and they know that investors are actually kind of a leaky bucket and they don't want, they want to get ahead. They want their rumor mill to go ahead. Now, let me tell you, the number of times it's that out of 100 is one out of 100. I had that happen to me. Did I tell you? Have I told you about this? So, all right. So the hustle was supposed to sell. The deal was supposed to close on February, let's say 5th. February 5th was their earnings call was also supposed to be on February 5th.

46:19And that's a big deal for a variety of reasons. But there's legal implications here. The SEC is involved. So it could be... It's as simple as if I told someone that we were about to sell, our deal wasn't big enough to do this. It did happen, but it wasn't because of us. But where the stock price can change significantly at the announcement. And if I told someone and they make a big trade, which has happened multiple times, not with us, but multiple times, there's insider trading. That's against the law. You go to jail. So there's that implication there. And there's also other implications around it's just not cool.

46:53It's not like it makes you look bad. Well, anyway, we were supposed to close on, let's say, February 5th. Someone told Axios on February 4th. I get an email from Sarah Fisher, I think her name is. Someone leaked it to her. I had only told... I told a small amount of people who are helping me. I think I told you who are guiding me. And I also had to get some people to sign some paperwork. And I explicitly said, don't tell anyone. This is a big deal. I think I told them this will ruin the deal if you tell people, which isn't true. But I told them that it could have. And February 4th, the day before I was supposed to announce it, I get this email from Sarah.

47:27And she goes, I have a source saying that you guys are selling. And she told me a bunch of facts about the deal that I was like, how on earth do you know this? And it did in fact get leaked. And we're not a big company. We weren't big enough that this is like... I don't know why this should be gossip. But it happened. And it freaked me out big time. And so I understand that perspective of not telling people certain things. With my company now, with Hanton, things are going well. I'm not going to talk about it too much. When things are going well, shut up. I think that you should shut up. Yeah, shut up and push the gas.

47:57Yeah, so I understand that perspective. But it happened to us, and it drove me crazy. And I suspect it was one of three people. To this day, I hold a grudge against them. With all three, just as preventative measures? Just preventative. and I just stare at what they do. And I'm like, I'm plotting. I'm plotting to A, to find out Intel that they did it. And B, I already have my revenge plan and I'm just waiting. And I check up on them constantly. And those people probably know who they are because they see me looking at their LinkedIn all the time. I want them to know that I see them. They're like, oh, I love how Sam, he always keeps tabs on me.

48:35What a good guy. Oh, I'm looking. I'm looking a lot. And so I have a feeling who it was. But can you tell me about this Black Rifle story? Because I have a little bit of information about them too. Yeah, this is kind of a fun moment. So a few episodes ago, we did this. What's Black Rifle? Say what Black Rifle Coffee is. Black Rifle Coffee, it's a coffee brand. So it's a coffee brand that I would describe as like, it's kind of patriotic. It has an American vibe to it. The customers are mostly Middle-ish America or Southern. And they are probably right of center. Red State coffee brand. It's kind of like just to put it in a box, which I'm sure they don't love, but whatever, just for simplicity's sake.

49:19Started by veterans, I think. So it has like that slant to it. Three of the four guys or four of the five guys were former military, Marines, whatever, something like that. And they're Hampton members, by the way. Oh, there you go. So they start this thing, and there's a kind of interesting origin story to this. It becomes a really popular brand. In fact, not only do they sell a lot of coffee, They sold enough product that they basically, they've gone public. So let me see their stock as of today. I think it's$3 or$4 billion market cap still. I think it's a little less now. Maybe the whole market's gone down.

49:54So current market cap is$1.1 billion. So they built a billion dollar DTC brand, basically consumer package. And do you know how they started? One of the owners had a bunch of Facebook pages. I think he had like 30 Facebook pages ranging like it was like shit for moms to like veterans. And he started selling a ton of stuff. He was like, look at all the stuff they were selling. And they were like, damn, we should make our own thing. And that's how the coffee business, I believe that's how it started. So I did a call with him. One of the one of the guys. Which one? Richard. And so I think he might be in Hampton, too.

50:30So he he had said something slightly different. He didn't talk about Facebook pages. He talked about YouTube. So he was like, I was like, what's your story? He's like, well, I was like, you know, he's like wanted to be an actor. It goes to Hollywood. It's like, whatever. It's not really working out. Exactly. Great. He's been in a couple of things, but he teaches himself to code. He starts making iPhone apps really early on in the iPhone app store. Does pretty good with that. Ends up getting hired by Verizon or something like that to do like something on the marketing side for them. And along the way, he starts doing YouTube fairly early on.

50:58And so he's doing YouTube videos and for the brand, but also for himself, like personally doing YouTube videos. and he starts building a pretty big YouTube following. And then him and his buddies start trying out different products and they're trying out this and that. And oh, should we do it? I don't know what the examples were, but it's like, let's just pretend a t-shirt brand and a shoe brand and this thing, that thing, hats. And then coffee was one of them and the coffee one took off. And that's kind of like how they rallied around Black Rifle Coffee. To this day, I think they do like tens of millions in merch sales, not the coffee, but just like people love the brand so much they'll buy the t-shirts and so tens of millions of merch that there's t-shirt companies fashion companies that do tens of millions and that's their whole business this is like their their spinoff business that's like how strong the the brand is in fact when i'm on the zoom call with him his background i'll i'll put a picture up on the youtube channel but it's just like a great example of like how to like this kind of like the subtle branding that exists today when you're on a zoom call it's like your background your clothes, like says everything about you.

52:02Cause that's how we meet now. Right. So you can actually bring a full story in about your home and everything. And he's got like, you know, on the wall, he's got his, his camo thing. He's got his gun. He's got his, like, he's got all the stuff. That's kind of like that same vibe that, you know, like kind of, you know, the American tough guy, military veteran, you know, like that sort of vibe. So we're talking, he's telling me this great story. And the reason why we're talking is because he's like, dude, I was listening to the pod and I heard you talk about the total man thing. And he's like, something just hit me.

52:34He's like, I just love that. I love the total man thing. I went on, I saw that somebody had the domain and I bought it. And I was like, oh, cool. Like I didn't, I was like, I swear I looked at the domain wasn't available. He goes, oh no, no, I bought it off somebody. Like I think he bought it for like 15 grand. And he's like, he's like, I just want to gift it to you. And like, if you want to do something with it, great. That'd be awesome. Um, that's a baller. I hope I can write this off or something, but you know, I just wanted to do this. I was like, A, baller move. It's like when Darmesh, I think has done that for you, like on your birthday, he bought you your domain.

53:03He bought me a$20 ,000 domain. It could have been more, but it was copythat.com. He bought it for me. And so baller move. And I was like, what resonated about the total man thing? He's like, I don't know, man. He's like, I just felt like the way you talked about, the way you and Sam talked about just like, look, it's important to me that I stand for something. I live by a code. I care about fitness. I care about these things. I care about being a man. And that's important to me. And you're right that society has really pushed this thing that if you're trying to be a man, it's like toxic masculinity.

53:41And it doesn't have to be. You don't have to be a jerk or rude in any way. But why is it bad to want to be manly? And I think it just resonated with them. And so we bought this thing. And we got a lot of shit for that. What's that? You see, some people were angry about that. And that's shocking. Well, I think there was an understandable reason that they were angry, which is we gave it. And when we were talking about it, we were like, you know, I think you're seeing the craving for this type of content and this movement embodied in people who take an extreme version of that, like Andrew Tate or stuff like that.

54:13And people just immediately, they hate Andrew Tate so much, they get blinded by rage. And they're like, you guys are saying Andrew Tate's awesome. And this total man thing is about Andrew Tate. It's like, no, no, no. I'm just saying like, when you look at objectively that this guy's extremely popular, he's the number one most Googled man in America right now. It's all under an umbrella. And we're saying, what is the appeal? I think part of the appeal, not the whole thing, but part of the appeal is that this guy preaches that you need to live like a fucking man. And he's like, you know, be hard.

54:41Don't be soft. Like mentally be hard, be tough. Physically be hard, be fit. You know, in your relations with people, don't, you know, be a softy. Don't get pushed over. don't keep apologizing and groveling, like, you know, carry yourself like a man. And I was like, and I was like, you know, what we had said was that I think the pendulum has swung too far in one direction where a lot of people are preaching like a sort of like, I don't know what you would call it, almost like a softer sort of like a genderless like identity thing where it's, you know, it's not cool to be a man. And I think that's building up a craving for people to want to be a man.

55:15And so I don't know, whatever, something resonated with that. He bought the domain. And I was like, yeah, we should do something. We should try to just make it an open source movement. And when I mapped it out, I did a little five minute brainstorm the other day with Ben. And I was like, yeah, what does the total man mean? I was like, this is a good little branding lesson. At first I went down the path of like, what matters to me? What matters to me is I like to have, I care about freedom, like financial freedom. I care about fitness. I'm trying to get more and more fit. I want to be somebody who is free to move their body in certain ways and is a very fit individual, but I also care about family and whatever.

55:53And I was like, oh, I think I just described something generic. I said, what's the real appeal of this Total Man thing? It's not this well, well-rounded appeals to actually nobody. And I said, Sam said something once on the podcast that made me laugh, but I kind of like, I wanted to make fun of him. And I also kind of liked it. I was like jealous and I wanted to make fun of him at the same time what was it you you said this thing it's gonna sound so simple it's gonna sound dumb you you said it's important to me to be a fucking man and i was like what what are you what are you even saying isn't that obvious what you said that and you go yeah it's just important to me like to be a man and like to be like you know i don't even know how you explain it maybe you didn't even explain it that would maybe it was the beauty i don't i don't remember exactly but i I say it to Sarah all the time.

56:43I go, I take care of business. I go, we take care of our business. You know, like all, that doesn't mean money. That means, you know, look, I'm going to provide emotionally, financially, spiritually. I got you. Like I take care of business. Whatever you need, I got you. I'm here for you. And it's like, I'm not going to, I'm going to try my hardest not to get too emotional. If you're emotional, I'll be a rock. I'll treat you with respect. I'm going to take care. I'm going to handle business. That's what we do. Exactly. And I was like, I think it's more that that it's basically, I was like, I don't think it's about this well-rounded blah, blah, blah, because it dilutes the message.

57:18Well here, and I also said, and then I'll let you go. I said, when I like to exercise, I want to be able to outrun or what did I say? I said, I want to either kill and eat everyone in the room or outrun them. I saw that from Galloway, from Scott Galloway. And you told me, you go, don't you feel that way? And I was like, hell no, I don't feel that way. What are you talking about? It's a ridiculous thought. You took your most ridiculous thought and then said, don't you feel that way sometimes? No, I've never once in my life looked around a room of men and been like, I could eat and kill all these people or outrun them.

57:49Not once, but when you said it, it stuck in my head. It was provocative. I wanted to make fun of you, but I was also like, there is a nugget of truth in this madness. And that is where a real brand is built. And so that was my little branding revelation to myself when I was doing this exercise around what should we do with this Total Man domain? I was like, honestly, it's real simple. It's about being a man. It's about men who want to be a man. What does that mean? We don't need to explain it. It's somebody who handles their business. You can come up with all the examples you want. It's not a checklist.

58:25That's not the total man attitude. It's having some predefined criteria checklist. No. In all situations, be a man about it. And that's what I was like. Take care of business. That's the brand, baby. Be a man about it. No matter what the situation, be a man about it. And I was like, that's the total man philosophy. You could apply that to whatever situation you're going through in life. But what are you going to do with it? So is this going to be, I know Jesse Isler, who we're going to have on soon. I've been emailing with him. He's got this really cool thing where it's like you run up this mountain a bunch of times and that's like climbing Everest.

58:59That's kind of cool. I mean, an event is the obvious one, but you can go a bunch of ways. Here's the idea. Fresh off the dome. you just said what do you want to do with it you asked a great question my brain came up with an answer it's inspired by 75 hard which is also a very total man exactly and it's great total men don't know it's great join movements sometimes we create them so we're going to create our own version of this and it's going to be the man month and what is the man month it's basically 30 days where you commit to to working towards being the total man in these like you know couple ways and It's like for 30 days, we're doing cold shower.

59:38We're doing 50 pushups right when we wake up or 100 pushups right when we wake up. First thing. It doesn't matter. Oh, you're late? All right. You're 10 minutes more late. Go. Right. Oh, you can't do 100 pushups? I'm waiting. Keep going. We'll stay here until you're done. All right. So pushups and cold. Pushups and cold, I think, is two. We just need a third. And it's going to be you do these three things. You're just going to do them for 30 days straight. And we're just going to harden you up. Just going to harden you up a little bit. And so what's the third? What's the third in this thing? Well, is this too soft?

1:00:13You got to tell the woman in your life how you feel. Or the man. Or the man in your life. You got to be kind. You got to tell someone how you feel. It could be kind. It could be, oh, you've been avoiding confrontation. It's time to say. Or you got to have a tough conversation. You might have to have a tough conversation. oh you really appreciate somebody you better show it right and so you're going to send a message voice memo text message to your mom to your co-worker to whoever and we're gonna do that every day you gotta have a tough combo do that every day for 30 days a tough conversation a tough shower a tough morning that's how we're doing it all right well you got to call it total right a total conversation total yeah a total one and so i think it's good i i my feedback you need to add two more things.

1:01:01You need about five or six things. My critique of my own thing there, it's a little too easy. I think it needs to be a little bit harder, potentially. It has to be so hard that you're like, ugh, I can't believe I'm doing it. Like the 75 hard thing, it's pretty hard. And people have to look at you and be like, are you nuts? Yeah, the cold thing, the cold thing, you're onto something with the cold thing. That is quite challenging. But you got to have about, you got to have a few more hard things. 50 pushups. If you're fit, I could do 50 pushups in one sitting. Yeah. I think it's got to be a lot more.

1:01:30The original thing I was thinking about, because I was like, what would it mean? Because a lot of this also inspired when Zuck did the Murph thing. And I was like, whoa, Zuck's kind of been a man right now. Like, what's going on? That's pretty cool. Could I do that? I don't think I could do this. I can't do 100 pull-ups. Like, that's just something I can't do. All right. All right. So I started working towards it. So the next morning, I woke up and I did my little quarter Murph. I ran the... Oh, he runs a mile hard. I'm going to run the quarter mile. I'm going to do a quarter of the pushups, quarter of the pull-ups, quarter of the squats.

1:02:03It's hard, right? Quarter of the run again. It's hard. And I'll do it again until that's easy. When that's easy, I'm going to make it harder, right? I'm just going to keep inching it forward until I can do the full thing. And I was like, yeah, that's the way to go. It's progress, right? Like it's about progress. And so I think you're right. I think we kind of need to workshop the actual difficulty level because I think to hit the brand right, it's got to be something that other people think you're crazy for doing. Yeah, I think that's great. It can't be reasonable. You could also be a little self-serving and make it like a post on social media.

1:02:32So you get that little hashtag going around. By the way, no money. You got to share the results. When I charge money, this isn't a program you buy. It's just a movement. You're either in or you're out. That's it. That's it. You're in. And if you're in, you got to do it. If you're out, stay out. So I've known you for close to 10 years now. Did you ever think that 10 years ago, you'd be about this life? Never. Never. it feels good though right it feels good to be a man yes it feels good i agree i think it feels great i when i remember when i moved to san francisco i felt really like nervous i was like people would call me a redneck because i moved from tennessee i remember when i when i first got like in san francisco when you move there you'd have to interview for an apartment because they had so many applications i remember going to like one of these interviews and people being like this was in 2012 right i guess right after obama was there an election in 2012 people were like who'd you vote for they asked me who i voted for in order to like get this apartment and like so i was like i gotta hide like which i think we voted for obama but i had to like hide a bunch of shit about myself not anymore things have changed my friend this stuff is actually a lot more popular if you go to san francisco things are a lot different muscles are are not quite in but they're more in than before and fitness is more than before and hard conversations are more than before so i think it's good that you're kind of capitalizing on this we're not chasing trends here this is timeless people have been trying to be people have been trying to be hard for their whole like you know since the beginning of time in fact the only thing that turns me off is if this is a trend all right total man all right you're you're sounding harder already do you have to wrap up now i see you're looking at your phone by the way i'm gonna do my elizabeth holmes and start talking with a deeper voice on purpose dude people make fun of me on our youtube they say i'm got a high voice.

1:04:17Yeah. So now I'm like thinking in my head, I got to talk lower too. Dude, I think that's why Mike Tyson became Mike Tyson. I think he had to overcompensate for his voice and just turn into an absolute savage. Oh, so you're agreeing. I have a high pitch voice. It's not low. Oh my God. That's ridiculous. That is ridiculous. That is ridiculous. All right. That's the pod. I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off On the road, let's travel, never looking back

1:04:59Hey, let's take a quick break because there's a quote that I love I want to read you. It's that we shape our tools and thereafter they shape us. And as an entrepreneur, if you're using a bank that was built in the 90s, you're operating like you're in the 90s. And trust me, I've been there. Clunky portals, random holds on your money,$50 wire fees, and then being told, please visit your local branch. Well, that's why I switched to a different type of banking solution, Mercury. It turns your financial chores into a smooth workflow. You can do wires, invoices, cards, reimbursements, two clicks, and I'm done.

1:05:32If you're already using Mercury, respect. If you're still using one of the old big banks, I got questions for you. So go visit mercury.com and give it a test drive. Mercury is a financial technology company, not a bank. Banking services are provided through Choice Financial Group, Column A, and Evolve Bank and Trust members, FDIC.

From the publisher

Episode 468: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about Shaan's feud with Jason Calacanis, who would win in an Elon Musk vs Mark Zuckerberg fight, and the owners of the successful veteran-owned coffee company on being a total man.
Want to see more MFM? Subscribe to the MFM YouTube channel here.

Check Out Shaan's Stuff:
* Try Shepherd
* Shaan's Personal Assistant System
* Power Writing Course
* Daily Newsletter

Check Out Sam's Stuff:
* Hampton
* Ideation Bootcamp
* Copy That
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Show Notes:
(00:40) - Sam's Hampton Offsite
(02:00) - Why you're better on your second venture
(08:05) - Shaan's feud with Jason Calacanis
(12:20) - Elon Musk vs Mark Zuckerberg fight
(24:15) - Beehiiv
(39:10) - Investor Updates
(50:40) - Black Rifle Coffee
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Links:
* Beehiiv
* Black Rifle Coffee
* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
------
Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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Additional episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
* #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
• ​​​​#218 - Why You Should Take a Think Week Like Bill Gates
• Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

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