Jan 29, 2024 · 1h 2m · my-first-million
$20M In ONE Day?! (#544)
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Sean Puri and Sam Parr analyze modern entrepreneurial blueprints, contrasting rapid eight-figure audience-driven product launches and emerging AI platform shifts with the disciplined endurance required to bootstrap SaaS companies and navigate platform risks.
Statements from this episode (16)
Parr: Follow Up Boss sold for $400M cash plus $100M earnout
“So they, what was the final sale? Five hundred million dollars to four hundred million dollars upfront Cash and another hundred million earn out.”
Parr: Follow Up Boss Took 4 Years to Reach $100K MRR
“It took them four years and they had 11 employees and they're at a 100,000 in, in monthly revenue.”
Puri aims for $500K ARR in 60 days on unannounced new venture
“I think we can get to 500,000 ARR in the first 60 days. So I think it's 500 K of revenue in the first 60 days.”
Puri: Every Business Problem Stems From the Owner's Psychology
“The number one choke point of any business is the psychology of the owner. Like, every problem you think your business has, If you do the root cause analysis, it goes right back up to the root, to the psychology of the owner, right?”
Parr: The Hustle Should Have Spent Far More on Facebook Ads
“Looking back, I should've spent way more, but I didn't, because I was being too cheap.”
Parr: Pieter Levels's businesses make around $2M a year
“Collectively, his businesses probably do two million a year in sales, and he's super transparent about all of it.”
Bryan Johnson generated $20M ARR on day one of Blueprint's launch
“So he got 5000, he got 12,000 people to apply, 5000 people paid. So let's do a little public math here. Let's break a rule. He just launched this product. He had more demand than he was willing to let in. He let in 5000 people. That's twenty million in ARR tha…”
Puri: A $20M ARR subscription supplement business is worth $200M
“And twenty million of ARR for a subscription Supplements business essentially is like a two hundred million dollar business.”
Parr: Hampton Could Spin Off a B2B Benchmarking Data Company
“I think in a couple years, if I get enough data, I think we could, I can spin this off and create a data company where I do benchmarking for different industries.”
Puri: Perplexity and secondary AI startups are overvalued hype bets
“I'm not really a believer in that. I think those get way ahead of the skis and I just seen that story many times. This happened in crypto. This happened in you know, when mobile was happening and you would get, you know, for every Instagram, you would then get…”
Parr: Vimeo Originated from CollegeHumor Before $1B+ IAC Spin-Off
“They created a better way to host videos. And that's what Vimeo is, which they sold the IAC, IAC spun off and became a billion dollar plus publicly traded company.”
LittleThings reached 250M monthly uniques and $90M revenue in four years
“And so within four years, they were the most shared website on Facebook, bigger than Viral Nova, bigger than BuzzFeed, bigger than HuffPo, all these publishers that were huge in the 2014, 15 era. And it started getting something like two hundred and fifty mill…”
LittleThings lost a nine-figure exit and died after a Facebook algorithm shift
“They built this entire company, littlethings.com, on the back of Facebook, and they got, ah, an LOI to sell the business, and they were literally three weeks from selling. They were gonna sell for hundreds of millions of dollars. Facebook puts out this annual …”
Puri: High personal energy is a non-negotiable requirement for business partners
“Energy is the easiest to spot, and it's the easiest one to try to write off if somebody doesn't have it. Meaning seems like a nice to have. It's actually not a nice to have for me. It's a must have for me. And so energy is the first one that shows up, and it's…”
Puri: Working trials evaluate potential co-founders better than alignment documents
“And I would always trade an experience for a belief. And if I can have an experience working with you on something for three weeks, that's going to be way better than me trying to put, take a leap of faith on a bunch of things you said, or you wrote down in a …”