When everything works, you learn the wrong lessons

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Episode 785: Shaan Puri (⁠x.com/ShaanVP⁠ (x.com/ShaanVP) ) talks to Nick Huber ( x.com/sweatystartup ) about the biggest bet he ever made and the mistakes he learned the hard way.

Email Nick@SweatyStartup.com to get hooked up with a pre-vetted salesperson, finance person or executive assistant.

Show Notes:

(0:00) Intro

(3:24) Breaking down Nick's portfolio

(8:49) The deal structure and terms

(11:20) Fail: Buying a domain for $400K, killing out traffic

(12:24) Fail Elon bought twitter + I invited competition

(16:49) new owner syndrome

(18:43) How to hire overseas talent (10-min masterclass)

(27:18) Pieter Thiel's Stanford class

(30:17) Suli's brutal advice

(34:23) Holdcos is overrated

(36:04) The tortoise always wins

(38:52) one big thing

(47:25) Roofing

(51:07) Self-storage

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Links:

• Somewhere - somewhere.com

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Check Out Shaan's Stuff:

• Shaan's weekly email - shaanpuri.com

• Visit somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.

• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!

Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC

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Check Out Sam's Stuff:

• Hampton - joinhampton.com

• Ideation Bootcamp - ideationbootcamp.co

• Copy That - copythat.com

• Hampton Wealth Survey - joinhampton.com/wealth

• Sam’s List - samslist.co

My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /