Sam Parr
@thesamparr • 388,328 subscribers
Started/sold some startups. Founder + president of Hampton @hamptonfounders. Host My First Million podcast on the side.
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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.
Sam Parr4,876,966 次观看 • 7 个月前
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.
Sam Parr2,066,947 次观看 • 4 个月前
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?
Sam Parr2,159,525 次观看 • 8 个月前
Shaan told a good story about one of our guests who every time his wife got pregnant, he'd buy a gas station, and that gas station covered the cost of the kid. The idea: only spend the second derivative. If you make $100k, you don't spend the $100k. You invest it and only spend what it throws off, maybe $10k, and you never raise your lifestyle past that.
Sam Parr34,537 次观看 • 5 天前
Last week I talked to four creators doing over $1m a year in ad revenue, almost entirely from AI companies. All had fewer than 100k followers. Most of the ads are on Instagram. On My First Million, I shared what else I found: three others doing over $10m a year, with just a part-time assistant or a few freelancers. With AI getting all this funding, they have to spend the money somewhere for marketing. I don't know if this is going to last, but there's definitely a little trader gold rush going on right now. I think it's going to last at least for a handful more years. I've had a ton reach out to do ads with me on Twitter. Basically, I talk about something and get paid to do it and label it as an ad. I probably not going to do it on Twitter, but I would consider it for LinkedIn or Instagram if I love the product.
Sam Parr30,376 次观看 • 5 天前
My father owns a produce brokerage company. He sells +$10m a year in onions a year with a phone, fax machine, and file cabinet. TLDR: - he calls farmers and will buy two or three truckloads of onions - then organizes a truck for pick up - sells the onions to Walmart or some other chain like that. I made a video about it when I was at his office, and on Instagram it got like 3 million views in a week. He was so pumped. And no, he doesn't make $10m/year. The margins are tiny. But its just him + 1 person in office. Put me through college debt free and has always driven a fat Mercedes! Originally, he worked in a grocery store in the produce section. Then had fruit stand on the side of the road. Then did the white collar move and started a brokerage. I was in 4th grade. It was funny because he started the business in summertime, and the AC of the office was expensive, so he used to work barefooted without a shirt and his Docker shorts. It's been like 25 years now, and he's sold over a quarter of a billion dollars' worth of onions. His CRM is a binder. He has two phones, a file cabinet, and everything is done with checks. There's a computer on his desk, but to be honest, it's for when he uses Facebook, YouTube and visiting The Chive. And there's a baby playpen in the office so his co-worker, who he has hired, can bring her baby to work. The video was only 60 seconds long and people loved it because they were shocked that you can build a really good lifestyle with simplicity.
Sam Parr813,137 次观看 • 6 个月前
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."
Sam Parr485,156 次观看 • 4 个月前
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.
Sam Parr451,418 次观看 • 4 个月前
The co-founder of Loom sold his biz for ~$1B, made $50-70M personally, then walked away from an extra $60M He has “no income right now” and is “looking for internships”... Vinay Hiremath has a wild post-exit story. we talked about it on Moneywise: -Turned down $60M in retention bonuses that would've vested over 4 years -Said "the trees spoke to me" during a redwoods hike when deciding whether to stay. He wasn’t joking. -He had a post go viral about his identity crisis after selling (1.5m views) So I asked about his money situation now: -Monthly spend: $25K (with $12K on NYC rent) -Net worth allocation: 50% cash, 30% equities, 20% bonds/other -Most expensive post-exit purchase: iPad Now he’s studying physics 5-8 hours daily, hanging in Discord groups with 18-year-olds who think he's their peer… looking to intern as a mechanical engineer (can you imagine the founder of a billion-dollar company being your intern?) On the pod he explains why he’s betting his future on physical products instead of software and investing… The full episode is live now. Check it out.
Sam Parr1,984,990 次观看 • 1 年前
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
Sam Parr419,083 次观看 • 4 个月前
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."
Sam Parr376,770 次观看 • 4 个月前
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."
Sam Parr357,070 次观看 • 4 个月前
On My First Million, Mark Pincus laid out the whole Zynga thesis. Find a mature market that's dead and played out, that VCs won't touch, but that still has a lot of money in it. For him that was video games. In 2007 it was a $23b industry, barely growing, not fundable. Today it's $283b and still not fundable. His line: we're living in 2007 again, consumer isn't investable, so go do consumer.
Sam Parr89,440 次观看 • 1 个月前
Right before Tony Hawk Pro Skater launched, the reviews came in insane. 9s and 10s across the board. So Activision called Tony with an offer: $500k to buy out all his future royalties. At the time, half a million sounded like "half a gazillion" to him. But he had just bought a house he could afford, so he let it ride. His first million!
Sam Parr132,668 次观看 • 1 个月前
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!
Sam Parr276,841 次观看 • 3 个月前
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.
Sam Parr256,535 次观看 • 3 个月前
If you run a $3M+ biz, you already know it's very lonely. Hampton fixes it with a group of 8 founders in your city, meeting monthly with a trained moderator. +a digital community where you can ask 1k+ members anything and get answers in 30 min. Apply and hear back in 12 hours.
Sam Parr692,052 次观看 • 11 个月前
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."
Sam Parr232,660 次观看 • 3 个月前