Sep 29, 2021 · 1h 5m · my-first-million

How to Get a Slice of Harvard's Billion Dollar Case Study Industry | My First Million #222

Shaan Puri · 39m spoken Sam Parr · 17m spoken Producer / Production Crew · 1s spoken
0:00 / 0:00
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In this episode of My First Million, Sam Parr and Shaan Puri break down Harvard Business School's billion-dollar case study monopoly and outline how to build high-ticket research businesses, while also discussing longevity science, startup fraud, and Melanie Perkins' journey building Canva.

How this conversation actually went

Every chapter scored 0–10 on four independent dynamics. Hover any point for the reasoning behind the score. The hosts hold 99.9% of the talking time here. How this is scored →

The hosts as informed peer 4.7 Guest teaching 2.6 Guest disagreement 1.0 The hosts pushing back 1.4
05100:0015:0030:0045:001:00:000:00–2:16 · The hosts as informed peer 1/10 Opening Banter: Sleeveless Hoodies and Instagram Shenanigans The show opens with lighthearted teasing about Shaan's sleeveless hoodie and an Instagram joke involving a toy Range Rover. The tone is entirely friendly banter with zero conflict.2:16–10:26 · The hosts as informed peer 4/10 The Science of Longevity, Blue Zones, and Stress Sam shares longevity research regarding grip/quad strength and Blue Zones, while Shaan discusses Laura Deming, Aubrey de Grey, and stress management. Both exchange health facts in a collaborative, peer-to-peer discussion.10:26–14:30 · The hosts as informed peer 4/10 Auctioning Five Minutes of Fame: The MFM NFT Experiment Shaan recounts the results of their '5 Minutes of Fame' NFT auction which sold for around 33k to 35k dollars. Sam does quick math and they discuss the mechanics and profile of the winning bidder.14:30–25:21 · The hosts as informed peer 8/10 Unpacking Harvard's Billion-Dollar Case Study Monopoly Sam delivers a detailed financial breakdown of Harvard Business School's 925M dollar revenue model, highlighting that publishing case studies brings in more revenue than MBA tuition. Shaan adds historical context and his previous business idea to disrupt case studies.25:21–33:22 · The hosts as informed peer 7/10 Blueprint for Building a High-Ticket Research Business Sam shares tactical lessons from scaling and selling Trends, admitting his pricing mistakes and laying out a blueprint for a 20k to 50k dollar annual research service. Shaan agrees and extends the framework to the crypto industry.33:22–52:06 · The hosts as informed peer 5/10 Startup Scandals: Silicon Valley's Fraud Problem and Due Diligence Shaan details tech startup scandals including Theranos, Nikola, Headspin, and Gurbaksh Chahal, while openly admitting that angel investors conduct almost zero formal due diligence. Sam pushes on why people continue working for disgraced founders who make money.52:06–1:04:42 · The hosts as informed peer 4/10 The Canva Story: Melanie Perkins' Relentless Ten-Year Journey Shaan walks through Melanie Perkins' LinkedIn post detailing Canva's 10-year journey from Fusion Books, highlighting the relentless grit required before raising seed capital. Sam reacts with admiration for her persistence.0:00–2:16 · Guest teaching 0/10 Opening Banter: Sleeveless Hoodies and Instagram Shenanigans The show opens with lighthearted teasing about Shaan's sleeveless hoodie and an Instagram joke involving a toy Range Rover. The tone is entirely friendly banter with zero conflict.2:16–10:26 · Guest teaching 3/10 The Science of Longevity, Blue Zones, and Stress Sam shares longevity research regarding grip/quad strength and Blue Zones, while Shaan discusses Laura Deming, Aubrey de Grey, and stress management. Both exchange health facts in a collaborative, peer-to-peer discussion.10:26–14:30 · Guest teaching 2/10 Auctioning Five Minutes of Fame: The MFM NFT Experiment Shaan recounts the results of their '5 Minutes of Fame' NFT auction which sold for around 33k to 35k dollars. Sam does quick math and they discuss the mechanics and profile of the winning bidder.14:30–25:21 · Guest teaching 4/10 Unpacking Harvard's Billion-Dollar Case Study Monopoly Sam delivers a detailed financial breakdown of Harvard Business School's 925M dollar revenue model, highlighting that publishing case studies brings in more revenue than MBA tuition. Shaan adds historical context and his previous business idea to disrupt case studies.25:21–33:22 · Guest teaching 2/10 Blueprint for Building a High-Ticket Research Business Sam shares tactical lessons from scaling and selling Trends, admitting his pricing mistakes and laying out a blueprint for a 20k to 50k dollar annual research service. Shaan agrees and extends the framework to the crypto industry.33:22–52:06 · Guest teaching 3/10 Startup Scandals: Silicon Valley's Fraud Problem and Due Diligence Shaan details tech startup scandals including Theranos, Nikola, Headspin, and Gurbaksh Chahal, while openly admitting that angel investors conduct almost zero formal due diligence. Sam pushes on why people continue working for disgraced founders who make money.52:06–1:04:42 · Guest teaching 4/10 The Canva Story: Melanie Perkins' Relentless Ten-Year Journey Shaan walks through Melanie Perkins' LinkedIn post detailing Canva's 10-year journey from Fusion Books, highlighting the relentless grit required before raising seed capital. Sam reacts with admiration for her persistence.0:00–2:16 · Guest disagreement 1/10 Opening Banter: Sleeveless Hoodies and Instagram Shenanigans The show opens with lighthearted teasing about Shaan's sleeveless hoodie and an Instagram joke involving a toy Range Rover. The tone is entirely friendly banter with zero conflict.2:16–10:26 · Guest disagreement 1/10 The Science of Longevity, Blue Zones, and Stress Sam shares longevity research regarding grip/quad strength and Blue Zones, while Shaan discusses Laura Deming, Aubrey de Grey, and stress management. Both exchange health facts in a collaborative, peer-to-peer discussion.10:26–14:30 · Guest disagreement 0/10 Auctioning Five Minutes of Fame: The MFM NFT Experiment Shaan recounts the results of their '5 Minutes of Fame' NFT auction which sold for around 33k to 35k dollars. Sam does quick math and they discuss the mechanics and profile of the winning bidder.14:30–25:21 · Guest disagreement 1/10 Unpacking Harvard's Billion-Dollar Case Study Monopoly Sam delivers a detailed financial breakdown of Harvard Business School's 925M dollar revenue model, highlighting that publishing case studies brings in more revenue than MBA tuition. Shaan adds historical context and his previous business idea to disrupt case studies.25:21–33:22 · Guest disagreement 1/10 Blueprint for Building a High-Ticket Research Business Sam shares tactical lessons from scaling and selling Trends, admitting his pricing mistakes and laying out a blueprint for a 20k to 50k dollar annual research service. Shaan agrees and extends the framework to the crypto industry.33:22–52:06 · Guest disagreement 2/10 Startup Scandals: Silicon Valley's Fraud Problem and Due Diligence Shaan details tech startup scandals including Theranos, Nikola, Headspin, and Gurbaksh Chahal, while openly admitting that angel investors conduct almost zero formal due diligence. Sam pushes on why people continue working for disgraced founders who make money.52:06–1:04:42 · Guest disagreement 1/10 The Canva Story: Melanie Perkins' Relentless Ten-Year Journey Shaan walks through Melanie Perkins' LinkedIn post detailing Canva's 10-year journey from Fusion Books, highlighting the relentless grit required before raising seed capital. Sam reacts with admiration for her persistence.0:00–2:16 · The hosts pushing back 1/10 Opening Banter: Sleeveless Hoodies and Instagram Shenanigans The show opens with lighthearted teasing about Shaan's sleeveless hoodie and an Instagram joke involving a toy Range Rover. The tone is entirely friendly banter with zero conflict.2:16–10:26 · The hosts pushing back 1/10 The Science of Longevity, Blue Zones, and Stress Sam shares longevity research regarding grip/quad strength and Blue Zones, while Shaan discusses Laura Deming, Aubrey de Grey, and stress management. Both exchange health facts in a collaborative, peer-to-peer discussion.10:26–14:30 · The hosts pushing back 1/10 Auctioning Five Minutes of Fame: The MFM NFT Experiment Shaan recounts the results of their '5 Minutes of Fame' NFT auction which sold for around 33k to 35k dollars. Sam does quick math and they discuss the mechanics and profile of the winning bidder.14:30–25:21 · The hosts pushing back 2/10 Unpacking Harvard's Billion-Dollar Case Study Monopoly Sam delivers a detailed financial breakdown of Harvard Business School's 925M dollar revenue model, highlighting that publishing case studies brings in more revenue than MBA tuition. Shaan adds historical context and his previous business idea to disrupt case studies.25:21–33:22 · The hosts pushing back 2/10 Blueprint for Building a High-Ticket Research Business Sam shares tactical lessons from scaling and selling Trends, admitting his pricing mistakes and laying out a blueprint for a 20k to 50k dollar annual research service. Shaan agrees and extends the framework to the crypto industry.33:22–52:06 · The hosts pushing back 2/10 Startup Scandals: Silicon Valley's Fraud Problem and Due Diligence Shaan details tech startup scandals including Theranos, Nikola, Headspin, and Gurbaksh Chahal, while openly admitting that angel investors conduct almost zero formal due diligence. Sam pushes on why people continue working for disgraced founders who make money.52:06–1:04:42 · The hosts pushing back 1/10 The Canva Story: Melanie Perkins' Relentless Ten-Year Journey Shaan walks through Melanie Perkins' LinkedIn post detailing Canva's 10-year journey from Fusion Books, highlighting the relentless grit required before raising seed capital. Sam reacts with admiration for her persistence.

speaking balance: gold is the hosts, purple is the guest (3 minute bins)

0:00 · the hosts 100% · guest 0%0:00 · the hosts 100% · guest 0%3:00 · the hosts 100% · guest 0%3:00 · the hosts 100% · guest 0%6:00 · the hosts 99.8% · guest 0.2%6:00 · the hosts 99.8% · guest 0.2%9:00 · the hosts 100% · guest 0%9:00 · the hosts 100% · guest 0%12:00 · the hosts 100% · guest 0%12:00 · the hosts 100% · guest 0%15:00 · the hosts 100% · guest 0%15:00 · the hosts 100% · guest 0%18:00 · the hosts 99.9% · guest 0.1%18:00 · the hosts 99.9% · guest 0.1%21:00 · the hosts 99.9% · guest 0.1%21:00 · the hosts 99.9% · guest 0.1%24:00 · the hosts 99.8% · guest 0.2%24:00 · the hosts 99.8% · guest 0.2%27:00 · the hosts 99.9% · guest 0.1%27:00 · the hosts 99.9% · guest 0.1%30:00 · the hosts 99.9% · guest 0.1%30:00 · the hosts 99.9% · guest 0.1%33:00 · the hosts 100% · guest 0%33:00 · the hosts 100% · guest 0%36:00 · the hosts 99.9% · guest 0.1%36:00 · the hosts 99.9% · guest 0.1%39:00 · the hosts 100% · guest 0%39:00 · the hosts 100% · guest 0%42:00 · the hosts 100% · guest 0%42:00 · the hosts 100% · guest 0%45:00 · the hosts 100% · guest 0%45:00 · the hosts 100% · guest 0%48:00 · the hosts 100% · guest 0%48:00 · the hosts 100% · guest 0%51:00 · the hosts 100% · guest 0%51:00 · the hosts 100% · guest 0%54:00 · the hosts 100% · guest 0%54:00 · the hosts 100% · guest 0%57:00 · the hosts 100% · guest 0%57:00 · the hosts 100% · guest 0%1:00:00 · the hosts 100% · guest 0%1:00:00 · the hosts 100% · guest 0%1:03:00 · the hosts 98.5% · guest 1.5%1:03:00 · the hosts 98.5% · guest 1.5%
Sharpest disagreement ▶ 33:00 Shaan dismisses people who only brainstorm without executing

Shaan forcefully rejects the common DM pitch of people wanting to chat about ideas without building anything, setting a strict rule requiring real traction before giving time.

Hardest push from the hosts ▶ 49:20 Sam questions why anyone would work for a convicted abuser

Sam pushes back against the rationalizations tech employees make to work for a disgraced founder, refusing the idea that potential equity upside justifies working for a toxic individual.

Biggest teaching moment ▶ 17:26 Sam reveals Harvard publishing out-earns MBA tuition

Sam educates Shaan with exact 2019 financial figures demonstrating that HBS publishing generates 280 million dollars, almost double what MBA tuition brings in.

The host holds their own ▶ 28:18 Sam outlines specific 3-part blueprint for enterprise B2B research

Sam demonstrates deep operator expertise by detailing how to package monthly DTC case studies, executive panels, and proprietary power rankings to charge enterprise clients 20k to 50k dollars annually.

the scores for every segment, with the reasoning behind each
ChapterTopicThe hosts as informed peerGuest teachingGuest disagreementThe hosts pushing backWhy
Opening Banter: Sleeveless Hoodies and Instagram Shenanigans 1011 The show opens with lighthearted teasing about Shaan's sleeveless hoodie and an Instagram joke involving a toy Range Rover. The tone is entirely friendly banter with zero conflict.
The Science of Longevity, Blue Zones, and Stress 4311 Sam shares longevity research regarding grip/quad strength and Blue Zones, while Shaan discusses Laura Deming, Aubrey de Grey, and stress management. Both exchange health facts in a collaborative, peer-to-peer discussion.
Auctioning Five Minutes of Fame: The MFM NFT Experiment 4201 Shaan recounts the results of their '5 Minutes of Fame' NFT auction which sold for around 33k to 35k dollars. Sam does quick math and they discuss the mechanics and profile of the winning bidder.
Unpacking Harvard's Billion-Dollar Case Study Monopoly 8412 Sam delivers a detailed financial breakdown of Harvard Business School's 925M dollar revenue model, highlighting that publishing case studies brings in more revenue than MBA tuition. Shaan adds historical context and his previous business idea to disrupt case studies.
Blueprint for Building a High-Ticket Research Business 7212 Sam shares tactical lessons from scaling and selling Trends, admitting his pricing mistakes and laying out a blueprint for a 20k to 50k dollar annual research service. Shaan agrees and extends the framework to the crypto industry.
Startup Scandals: Silicon Valley's Fraud Problem and Due Diligence 5322 Shaan details tech startup scandals including Theranos, Nikola, Headspin, and Gurbaksh Chahal, while openly admitting that angel investors conduct almost zero formal due diligence. Sam pushes on why people continue working for disgraced founders who make money.
The Canva Story: Melanie Perkins' Relentless Ten-Year Journey 4411 Shaan walks through Melanie Perkins' LinkedIn post detailing Canva's 10-year journey from Fusion Books, highlighting the relentless grit required before raising seed capital. Sam reacts with admiration for her persistence.

Statements from this episode (13)

Assertion Open · timeframe Sep 2021
Shaan Puri sold podcast airtime as an NFT for 11.55 ETH.
“The auction closed, and I think it made 33,000 dollars. So I think it closed at 11.55 ETH which is about 30, 32, 33,000 dollars.”
Shaan Puri Sep 29, 2021 ▶ 12:19
Assertion Supported
Harvard Business School generated $925 million in total revenue in 2019.
“In 2019, Harvard Business School made nine hundred and twenty five million dollars.”
Sam Parr Sep 29, 2021 ▶ 17:40
Assertion Supported
Harvard Business School makes double from publishing than from MBA tuition.
“Their biggest revenue stream is 28%, roughly two hundred and eighty million dollars That makes almost two times what tuition makes. What is that? Their publishing arm.”
Sam Parr Sep 29, 2021 ▶ 18:45
Assertion Supported
Harvard Business Review generates $582,000 in revenue per employee.
“Amongst all of those, Harvard Business Review has the highest revenue per employee, so they're the most efficient. So 582,000 dollars per employee.”
Sam Parr Sep 29, 2021 ▶ 19:56
Assertion Partly supported
MIT Technology Review generates over $20 million in annual revenue.
“MIT tech review... They were doing north of twenty million in revenue.”
Sam Parr Sep 29, 2021 ▶ 24:13
Assertion Supported
Oxford University Press generates nearly $1 billion in annual sales.
“They own the Oxford Review and they make books. So they do close to a billion a year in sales.”
Sam Parr Sep 29, 2021 ▶ 24:41
Prediction Not checkable as stated
Sam Parr predicts Trends will reach $10 million ARR in 2021.
“At the end of this year, Trends will potentially be a ten million plus a year recurring revenue business.”
Sam Parr Sep 29, 2021 ▶ 25:27
Opinion
Sam Parr says Priceonomics failed at enterprise research due to execution.
“They tried to, but they didn't execute that well. That doesn't mean the business sucks, but they failed at executing it. I think they ran out of steam or lost interest.”
Sam Parr Sep 29, 2021 ▶ 27:05
Insight
Sam Parr claims crypto research sells easily because buying is fear-based.
“Crypto would be way easier to sell than DTC because crypto is fear based. So you want anything that's fear based.”
Sam Parr Sep 29, 2021 ▶ 30:20
Insight
Shaan Puri admits most early-stage investors perform zero due diligence.
“Most investors, myself included, do zero due diligence. We do not, we meet the founder. Yes. We play with the product, right? Those are the two easy things.”
Shaan Puri Sep 29, 2021 ▶ 38:48
Disclosure
Shaan Puri decides whether to invest within ten minutes of meeting.
“When I meet with a founder, usually on the call within maybe 10 minutes, I've decided yes or no whether I'm going to invest. Usually no, but if it's yes, it's like, I'm in in principle.”
Shaan Puri Sep 29, 2021 ▶ 40:34
Insight
Sam Parr: Toxic founders can always raise capital if they generate returns.
“As long as you have a reputation as someone who turns one dollar into two dollars, regardless of how big of a piece of shit you are, you'll always be able to convince someone to give you money.”
Sam Parr Sep 29, 2021 ▶ 43:46
Insight
Shaan Puri advises founders against catering to a specific investor's hobbies.
“Completely not the way I would advise anyone to do this. Like just chasing one investor like this, but whatever, this was her journey.”
Shaan Puri Sep 29, 2021 ▶ 1:00:40
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