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Sam Parr

@thesamparr • 379,833 subscribers

Started/sold some startups. Founder + president of Hampton @hamptonfounders. Host My First Million podcast on the side.

Shorts

I’m a huge gadget nerd and test everything. This new Matic vaccum is crazy. It vacuums and mops my entire house. Unlike the roomba, uses camera so it does just bump into sh*t. Downside is it’s expensive ($1000 or so). Been using it for a month. Super effective. I don’t sweep anymore. Cleans up after messy kids. And as a tech nerd, it’s amazing. For example, when I turned into the batter came charged and it said “for the Parr family.” And came with stickers like googly eyes and dog nose. Small silly things are cool.

I’m a huge gadget nerd and test everything. This new Matic vaccum is crazy. It vacuums and mops my entire house. Unlike the roomba, uses camera so it does just bump into sh*t. Downside is it’s expensive ($1000 or so). Been using it for a month. Super effective. I don’t sweep anymore. Cleans up after messy kids. And as a tech nerd, it’s amazing. For example, when I turned into the batter came charged and it said “for the Parr family.” And came with stickers like googly eyes and dog nose. Small silly things are cool.

321,370 views

Before RxBar was in every store, Peter Rahal only sold in CrossFit gyms. He told me why. They tested convenience stores and grocery stores early and the bar didn't move. So they ignored normal retail and sold only in gyms. A CrossFit gym moved 80 bars a week. The same bar in a convenience store or grocery store sold 1 to 4 a week.

Before RxBar was in every store, Peter Rahal only sold in CrossFit gyms. He told me why. They tested convenience stores and grocery stores early and the bar didn't move. So they ignored normal retail and sold only in gyms. A CrossFit gym moved 80 bars a week. The same bar in a convenience store or grocery store sold 1 to 4 a week.

12,818 views

"Look Sheldon, if you wanna be alpha you gotta knock it off with all the introspection stuff."

"Look Sheldon, if you wanna be alpha you gotta knock it off with all the introspection stuff."

50,193 views

Rohan Oza came on MFM and told me the one thing he learned watching the Vitamin Water founder negotiate with Coke. If you have a great brand, it's okay to be slightly unhinged on your number. The founder told Coke the number starts with a four. Rohan said he almost fell off his chair. He asked, did he just say four? No. Four billion. Coke came right back at 4.1.

13,352 views

Uploaded like 4 hours of my voice to see what AI can do. What do you think...

Uploaded like 4 hours of my voice to see what AI can do. What do you think...

174,352 views

I'm happy I have a nerd cofounder in Joe Speiser ⚡️ so someone actually runs the company.

I'm happy I have a nerd cofounder in Joe Speiser ⚡️ so someone actually runs the company.

15,877 views

My buddy Ramon van Meer is a single dad and runs a great company. He somehow has enough time to coach middle school football. Now fyi this isn’t his son’s team. Years ago he coached his kids team and the younger kids heard about him and asked if he’d couch theirs. Also, up until he started coaching, Ramon barely knew was football was (he’s Dutch). He had to read like five books! He shows up every game with like $30 in $5 Starbucks gift cards and hands em out as prizes for different players. Well, today he was asked to come speak to the entire middle school where he coaches football. They asked him because the kids kept bragging how inspirational he is and how much they love him. I’m so freakin proud of Ramon. He inspires me so much.

My buddy Ramon van Meer is a single dad and runs a great company. He somehow has enough time to coach middle school football. Now fyi this isn’t his son’s team. Years ago he coached his kids team and the younger kids heard about him and asked if he’d couch theirs. Also, up until he started coaching, Ramon barely knew was football was (he’s Dutch). He had to read like five books! He shows up every game with like $30 in $5 Starbucks gift cards and hands em out as prizes for different players. Well, today he was asked to come speak to the entire middle school where he coaches football. They asked him because the kids kept bragging how inspirational he is and how much they love him. I’m so freakin proud of Ramon. He inspires me so much.

17,478 views

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On MFM I asked Scott Galloway how much money it actually takes to feel economically secure. He gave me the formula and then his own number. - Take what you need to be happy each year. Times it by 25. Assume a 4% post-tax return. That's your number. - His own burn: $300k to $400k a month. - $5m a year times 25 means he needs $125m to be economically secure. He said in his 20s he thought if he ever saved $1m he was done, he'd start writing scripts for Tom Cruise movies. Then he found out how expensive kids, New York, and your own greed glands get.

On MFM I asked Scott Galloway how much money it actually takes to feel economically secure. He gave me the formula and then his own number. - Take what you need to be happy each year. Times it by 25. Assume a 4% post-tax return. That's your number. - His own burn: $300k to $400k a month. - $5m a year times 25 means he needs $125m to be economically secure. He said in his 20s he thought if he ever saved $1m he was done, he'd start writing scripts for Tom Cruise movies. Then he found out how expensive kids, New York, and your own greed glands get.

2,058,859 views • 27 days ago

Spent the day with a guy who buys, restores, sells brownstones in NYC. Wanted to know if the business and lifestyle were interesting. Spoiler: HARD. But very cool. 1:50 – Mark's own home: a 180-yr-old West Village townhouse (bought $5.5M, $6M to build, sells for $17M) 6:00 – How Mark got into real estate out of "desperation," fully overleveraged with zero experience then scaling to 4 projects at once 9:26 – Second stop: a Fort Greene, Brooklyn brownstone...bought $2.8M, ~$2M to build, sells for $6.2M 14:16 – On the job site: cutting concrete with the crew, the subcontractor setup, and the real risk in the business 17:16 – The final Sam Score: money, machine, moat, pride, people, and freedom...Mark's total revealed

Spent the day with a guy who buys, restores, sells brownstones in NYC. Wanted to know if the business and lifestyle were interesting. Spoiler: HARD. But very cool. 1:50 – Mark's own home: a 180-yr-old West Village townhouse (bought $5.5M, $6M to build, sells for $17M) 6:00 – How Mark got into real estate out of "desperation," fully overleveraged with zero experience then scaling to 4 projects at once 9:26 – Second stop: a Fort Greene, Brooklyn brownstone...bought $2.8M, ~$2M to build, sells for $6.2M 14:16 – On the job site: cutting concrete with the crew, the subcontractor setup, and the real risk in the business 17:16 – The final Sam Score: money, machine, moat, pride, people, and freedom...Mark's total revealed

114,820 views • 3 days ago

$6 to acquire a customer. Ridge's cost to get someone to buy a wallet on Facebook was $6. Their wearable was $400. One year they only grew from $15m to $18m because they physically couldn't make enough wallets. We asked the CEO of Ridge Wallet why the wallet won when their other products didn't. The cost to get someone to buy the wearable on Facebook was $400. The cost to get someone to buy the wallet was $6. He told us one year they only went from $15m to $18m, and that was just because they couldn't make enough wallets to keep them in stock. Demand was never the problem. They could just put up a new static image ad and it sold.

$6 to acquire a customer. Ridge's cost to get someone to buy a wallet on Facebook was $6. Their wearable was $400. One year they only grew from $15m to $18m because they physically couldn't make enough wallets. We asked the CEO of Ridge Wallet why the wallet won when their other products didn't. The cost to get someone to buy the wearable on Facebook was $400. The cost to get someone to buy the wallet was $6. He told us one year they only went from $15m to $18m, and that was just because they couldn't make enough wallets to keep them in stock. Demand was never the problem. They could just put up a new static image ad and it sold.

99,412 views • 4 days ago

You a founder doing $3M+ in revenue? I'll put you in a room with 7 other vetted founders in your city to meet once per month to talk about the stuff you'd never post publicly. We're so confident in our vetting process we have a 60-day money-back guarantee. Wanna join? Apply.

You a founder doing $3M+ in revenue? I'll put you in a room with 7 other vetted founders in your city to meet once per month to talk about the stuff you'd never post publicly. We're so confident in our vetting process we have a 60-day money-back guarantee. Wanna join? Apply.

4,876,966 views • 4 months ago

Right before Ring sold to Amazon for 1.15b, I asked Jamie Siminoff what he was making. He said about $150k. He'd prided himself on being the least-paid executive at the company. At a company doing $480m, that meant charity dinners at $10k a table he couldn't actually afford, so he was spending more than the salary anyway. He told me he had basically zero dollars, no nest egg, and all his future money was in Ring.

Right before Ring sold to Amazon for 1.15b, I asked Jamie Siminoff what he was making. He said about $150k. He'd prided himself on being the least-paid executive at the company. At a company doing $480m, that meant charity dinners at $10k a table he couldn't actually afford, so he was spending more than the salary anyway. He told me he had basically zero dollars, no nest egg, and all his future money was in Ring.

132,752 views • 7 days ago

LTV isn't real. Ridge never assumes a customer comes back. Sean Frank told us he has to make a profit the first time you buy, because in 90 days he gets maybe 10% of wallet buyers back. Most brands die waiting for a lifetime value that never shows up. Shaan asked the CEO of Ridge Wallet how they scaled to $200m a year without debt or investors. His most controversial rule: LTV isn't real. Lifetime value only works if you're still alive. Most brands die waiting for it. Nobody buys a second wallet next month. He said maybe 10% come back in 90 days. So he has to be fully profitable on the first purchase, covering every fixed cost, every time he sells a single wallet.

LTV isn't real. Ridge never assumes a customer comes back. Sean Frank told us he has to make a profit the first time you buy, because in 90 days he gets maybe 10% of wallet buyers back. Most brands die waiting for a lifetime value that never shows up. Shaan asked the CEO of Ridge Wallet how they scaled to $200m a year without debt or investors. His most controversial rule: LTV isn't real. Lifetime value only works if you're still alive. Most brands die waiting for it. Nobody buys a second wallet next month. He said maybe 10% come back in 90 days. So he has to be fully profitable on the first purchase, covering every fixed cost, every time he sells a single wallet.

43,043 views • 3 days ago

Tommy Melo has a $1b garage door repair company. His sales rules: - You never say the cost, you say the investment - You never say the most expensive, you say top of the line - You never say the cheapest, you say builder grade - You never say you can cancel anytime, you say you have the right of rescission His line: these words matter.

Tommy Melo has a $1b garage door repair company. His sales rules: - You never say the cost, you say the investment - You never say the most expensive, you say top of the line - You never say the cheapest, you say builder grade - You never say you can cancel anytime, you say you have the right of rescission His line: these words matter.

255,052 views • 18 days ago

Best meme I saw in the last 7 days. HANDS DOWN.

Best meme I saw in the last 7 days. HANDS DOWN.

10,551,509 views • 1 year ago

Lloyd Blankfein has been in the room with world leaders and billionaires. What he noticed: - "There are very few geniuses. I don't know if I've ever met one." - The most powerful people finish talking and ask "how did I do?" - A lot of them run on insecurity "People are a lot more normal, and a lot more insecure, than you think."

Lloyd Blankfein has been in the room with world leaders and billionaires. What he noticed: - "There are very few geniuses. I don't know if I've ever met one." - The most powerful people finish talking and ask "how did I do?" - A lot of them run on insecurity "People are a lot more normal, and a lot more insecure, than you think."

484,094 views • 1 month ago

During the 2008 crisis, Warren Buffett put $5B into Goldman Sachs on basically a handshake. Lloyd offered to first walk him through everything he was worried about. Buffett: "Lloyd, I know you well enough to know you worry enough for the both of us. I'm taking my grandkid to Dairy Queen, just figure out where to send the money." He asked for one thing in return, no contract: don't sell your shares until I sell mine.

During the 2008 crisis, Warren Buffett put $5B into Goldman Sachs on basically a handshake. Lloyd offered to first walk him through everything he was worried about. Buffett: "Lloyd, I know you well enough to know you worry enough for the both of us. I'm taking my grandkid to Dairy Queen, just figure out where to send the money." He asked for one thing in return, no contract: don't sell your shares until I sell mine.

451,418 views • 1 month ago

In 1983, CBS profiled Larry Jolton, the #1 shoe salesman in America. He sold $423,000 of shoes by hand in a town of 38,000 people. - never took a lunch break (ate burgers in the shoe rack between customers) - worked 4-5 customers at once - delivered to your house, your office, or found you on the street - Salesman of the Year three years running

In 1983, CBS profiled Larry Jolton, the #1 shoe salesman in America. He sold $423,000 of shoes by hand in a town of 38,000 people. - never took a lunch break (ate burgers in the shoe rack between customers) - worked 4-5 customers at once - delivered to your house, your office, or found you on the street - Salesman of the Year three years running

418,974 views • 1 month ago

Mark Pincus wrote a $38,000 check into Facebook's seed round. He says it's worth around $6b now. On My First Million and he told us there's nothing brilliant about that. There were only 3 seed investors in Facebook: him, Reid Hoffman, and Peter Thiel. Anyone who could have written that check would have made the same investment.

Mark Pincus wrote a $38,000 check into Facebook's seed round. He says it's worth around $6b now. On My First Million and he told us there's nothing brilliant about that. There were only 3 seed investors in Facebook: him, Reid Hoffman, and Peter Thiel. Anyone who could have written that check would have made the same investment.

152,368 views • 14 days ago

When Lloyd made partner at Goldman, a senior partner gave him the rules of the road. The one that stuck: "Live a life where your obituary runs nine paragraphs. And make sure no more than three of them are about Goldman." His take now: "That's not going to be the case for me. I stayed too long."

When Lloyd made partner at Goldman, a senior partner gave him the rules of the road. The one that stuck: "Live a life where your obituary runs nine paragraphs. And make sure no more than three of them are about Goldman." His take now: "That's not going to be the case for me. I stayed too long."

376,457 views • 1 month ago

DHH told me on My First Million that he and Jason kept a data scientist on staff for over a decade to crunch numbers and run reports. - "We never did what the numbers told us to do." - "What we would do was we would do whatever the hell we wanted to do." - "And then if the numbers supported that, we'd go, those are good numbers." - "And if the numbers didn't support that, we'd go, yeah, I don't know. There's probably some factor you haven't calculated in." ha!

DHH told me on My First Million that he and Jason kept a data scientist on staff for over a decade to crunch numbers and run reports. - "We never did what the numbers told us to do." - "What we would do was we would do whatever the hell we wanted to do." - "And then if the numbers supported that, we'd go, those are good numbers." - "And if the numbers didn't support that, we'd go, yeah, I don't know. There's probably some factor you haven't calculated in." ha!

273,447 views • 25 days ago

Replit's CEO on the months right before they blew up: - Lost half the team. 120 people down to 60. - Had just moved into a huge new office. Empty, cold, dark. - Every morning he knew someone was gonna walk to his desk and quit. - "You can see it in their eyes when they stop believing in you."

Replit's CEO on the months right before they blew up: - Lost half the team. 120 people down to 60. - Had just moved into a huge new office. Empty, cold, dark. - Every morning he knew someone was gonna walk to his desk and quit. - "You can see it in their eyes when they stop believing in you."

356,340 views • 1 month ago

Running a company is wild. One day you feel unstoppable. The next you're convinced it's about to fall apart. And you can't tell anyone. That's why I built Hampton. We match you with 7 vetted founders in your city who get it. So you're not figuring it out alone. Wanna join?

Running a company is wild. One day you feel unstoppable. The next you're convinced it's about to fall apart. And you can't tell anyone. That's why I built Hampton. We match you with 7 vetted founders in your city who get it. So you're not figuring it out alone. Wanna join?

2,159,403 views • 5 months ago

DHH thinks grinding is dumb. What he told us on My First Million: - "I often hear entrepreneurs talk with such pride in their voice. Yeah, I grind. This is why I'm working a hundred hours a week." - "I don't want to do that. My life is far too interesting to waste it grinding." - "Grinding is the stupid shit you do in World of Warcraft when you're a peon."

DHH thinks grinding is dumb. What he told us on My First Million: - "I often hear entrepreneurs talk with such pride in their voice. Yeah, I grind. This is why I'm working a hundred hours a week." - "I don't want to do that. My life is far too interesting to waste it grinding." - "Grinding is the stupid shit you do in World of Warcraft when you're a peon."

231,297 views • 23 days ago

Jamie Siminoff had two ways out of Ring: sell to Amazon, or raise $200m. Then the ADT injunction killed both. Amazon walked. The $200m raise fell apart. He told us they hadn't planned the cash flow because they were sure one of those doors would happen. Both doors evaporated the same week. Ring was negative $70m in the bank and basically bankrupt overnight.

Jamie Siminoff had two ways out of Ring: sell to Amazon, or raise $200m. Then the ADT injunction killed both. Amazon walked. The $200m raise fell apart. He told us they hadn't planned the cash flow because they were sure one of those doors would happen. Both doors evaporated the same week. Ring was negative $70m in the bank and basically bankrupt overnight.

64,829 views • 8 days ago

We asked Robert Greene (48 Laws of Power) for a story about 50 Cent, and he gave me one I can't stop thinking about. 50 was about to drop a single with Robin Thicke in 2006. It leaked to the internet before the rollout and blew up the whole marketing plan. His team wanted to sue and force it offline. 50 was calm. He told them not to fight it. He had his guys take the big screen TV off the wall and smash it on camera, then spread a story that he was so furious he threw his phone and said "heads are going to roll." None of it happened. He staged the whole thing so the only thing anyone talked about online was his reaction.

We asked Robert Greene (48 Laws of Power) for a story about 50 Cent, and he gave me one I can't stop thinking about. 50 was about to drop a single with Robin Thicke in 2006. It leaked to the internet before the rollout and blew up the whole marketing plan. His team wanted to sue and force it offline. 50 was calm. He told them not to fight it. He had his guys take the big screen TV off the wall and smash it on camera, then spread a story that he was so furious he threw his phone and said "heads are going to roll." None of it happened. He staged the whole thing so the only thing anyone talked about online was his reaction.

119,790 views • 14 days ago

Oz Pearlman told us he's sold every property he's ever owned at a profit. He uses the same tool as his mentalist act: emotion. - He prices the place about 10% under market - That pulls 100 people to the open house - Buyers see the crowd, assume they're competing, and bid against themselves - Once they're emotionally invested, they get reckless You can have zero other offers and still create a feeding frenzy.

Oz Pearlman told us he's sold every property he's ever owned at a profit. He uses the same tool as his mentalist act: emotion. - He prices the place about 10% under market - That pulls 100 people to the open house - Buyers see the crowd, assume they're competing, and bid against themselves - Once they're emotionally invested, they get reckless You can have zero other offers and still create a feeding frenzy.

140,233 views • 17 days ago