Investor Sheel Mohnot shares his contrarian personal productivity habits with Sam Parr and Shaan Puri on My First Million.
Opinion
50-year mortgages are a terrible idea for building home equity
“Trump wants to address the affordability crisis, which is a real problem. And said, what we should do is extend mortgages to 50 years. So you have 50 years to pay it off instead of 30 years. I think it's a terrible idea because basically what happens is you gi…”
Assertion Not checkable as stated
Founders are pitching Trump administration connections as a core competitive advantage
“In the past, I'd never seen anybody pitch, like, a core part of their pitch as being, I'm close to administration. I've heard so many pitches about that now, which is kind of sad, honestly, but it is what it is.”
Opinion
Surrogacy matching is not a venture opportunity due to misaligned incentives
“I think in this case, I don't think it's a venture opportunity. And I also think venture capital incentivizes growth. And that might incentivize the wrong thing in this space.”
Opinion
A Barry's Bootcamp-style EMS workout chain is a massive startup opportunity
“I think you basically build a berries of EMS where, like, you have a workout routine And it's really fun. And there's a class and people put on this thing and they, they're used to it and they get jacked and people see them getting jacked.”
Assertion Not checkable as stated
On-demand food delivery startups like Sprig wasted roughly one-third of their food
“And the problems are, one, they're wasting a ton of food. Like you cannot predict how much food you need on any given day. And they were like, yeah, we have this AI model, like we're going to Predict if there's a Giants game, it's this, if this, it's actually …”
Assertion Supported
Sheel Mohnot claims there is no evidence Yelp extorts businesses over reviews
“I never found any evidence of that actually happening, though. Like, people have been, like, Provide me evidence, and I don't think there's actual evidence of that happening. There is with the Better Business Bureau, by the way, but not with Yelp, from what I …”