Sam Parr
@thesamparr • 379,833 subscribers
Started/sold some startups. Founder + president of Hampton @hamptonfounders. Host My First Million podcast on the side.
Shorts
Videos
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 Parr2,058,859 次观看 • 27 天前
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
Sam Parr114,820 次观看 • 3 天前
$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.
Sam Parr99,412 次观看 • 4 天前
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 • 4 个月前
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.
Sam Parr132,752 次观看 • 7 天前
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.
Sam Parr43,043 次观看 • 3 天前
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 Parr255,052 次观看 • 18 天前
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 Parr484,094 次观看 • 1 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 • 1 个月前
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 Parr418,974 次观看 • 1 个月前
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.
Sam Parr152,368 次观看 • 14 天前
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 Parr376,457 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 Parr273,447 次观看 • 25 天前
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 Parr356,340 次观看 • 1 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 Parr2,159,403 次观看 • 5 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 Parr231,297 次观看 • 23 天前
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.
Sam Parr64,829 次观看 • 8 天前
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.
Sam Parr119,790 次观看 • 14 天前
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.
Sam Parr140,233 次观看 • 17 天前