I have a small correction on the Sachler story, that changes the ending pretty dramatically. It’s true that the government forced Purdue Pharma into bankruptcy. However, that is only after the Sachlers pumped out all of its enterprise value via dividends (over $11 billion). By the time they went into bankruptcy, Purdue was an empty husk that the Sachlers were more than willing to hand over to the government. They were forced to renegotiate the settlement, so they had to pay $6 billion of personal Sachler money (not Purdue’s) to the victims in exchange for avoiding any personal liability for how they ran Purdue. In the end the Sachlers still came out ahead by $5 billion and avoided any jail time. Hardly a win for the victims or the government. Source: Money Stuff by Matt Levine
I love MFM because you guys cater to an ambitious group of people I believe. And covering all ranges from talking about crazy billionaires to even just interesting blue collar side hustles. That is exactly what I’m here for, all of it. Not only that, you guys talk about what’s interesting, and you yourselves are genuinely interestedly Jeep this healthy mix of content because I think the real vision point is entrepreneurship, ambition and curiosity. Also please do something with the TotalMan thing.
Glad to see your video on my feed. I still watch a few other UA-camrs.. I've followed trades of a couple UA-camrs and I'm down so much…210k to 80k. It got addictive. My resolve is the lot are amateurs.
Before you make an investment decision, consult a fee only advisere, taking advice verbatim from youtube is like going to the intern to take lessons passed on from the professional.
Today is my birthday I turned 23, left my "low paying Indian job". I am gonna start a company. Will come back here again in 1 year. Thanks guys for the POD it's different.
It's ironic that veteran entrepreneurs find a government agency like Companies House UK so impressive, given that many countries have a similar register of companies. It's hardly groundbreaking
Great podcast today. It is, without question, you guys have a great connection. And Sam, Shaan would let you stay at his house more than two nights😅 It could also help you get acquainted with screaming kids as you and your wife welcome your new little one in the future.
if you’re the sole owner of onlyfans and you have no intention of selling or going public (British law is probably the most reputable in the world) - why would you set up a holding company in the UK and pay enormous income tax? there has to be more to this story
I love MFM. It's actually the only podcast in which I never miss an episode. I really love the business stories even though Sam sometimes doesn't get them completely accurate. They're always entertaining though. Keep up the excellent work.
The SpaceX guy when he was moved to Washington he was going to work at the Starlink factory, that's when they were struggling to move fast in developing the satellites.
Sam Shaun you gotta do a kids table version of Billi of the week. For those of us starting out, do a 100m or 10m guy of the week. Something more attainable, that yall can relate to more. This show is literally called my first million not "dream of being a billionaire one day pretty please"
Do a one where a 40 years old is trying to get back and can only start something which can be done with a job. Thanks for lot for all the ones till now
Hey Shaan and Sam, i definitely came for the business ideas and stayed for the jokes! Audience member said Shaan is getting visibly in shape and in addion to noticing corns on Sams hands previously ( dude invest in gloves ) he seems to have a scratch across his arm this time....Only a fans story to that? lol
An idea that someone with more money can do? Weddings are boring, they're all the same, nothing new, nothing unique, after going to 10 weddings you still can't remember how it was at each one. At least that's how the weddings I've been (most) are. What would it be like if there was a wedding hall in the shape of a dome full of displays on the inside and on the floor? How did they make that sphere in Vegas. So you can have your wedding anywhere, or in 6 different places in one hour. You can hold your wedding at the bottom of the sea, or on the moon, or in the jungle, or on a plate in the kitchen (everything around should be large, and the area of the room should be the area of a plate), or in the desert, or at the pyramids, the list is endless and the experience can be a special one. In addition to these effects, there should be special menus, specific music with the displayed area, effects, smoke if it is in a swamp, maybe even a little water like in 4dx movies. I remember what you told Sam, about a book that helps you organize a very special party, that's where I started when I thought of this idea, plus sphere from Vegas. I don't know how original the idea is, maybe it already exists and someone is doing it. Now I saw that Sphere in Vegas has a similar display, but I was thinking of a smaller one that would cover everything, including the floor, which would of course also have a layer of glass so it wouldn't get damaged. And to have such wedding halls all over the world, where you can have a very special night. The hall can be rented like this for events, maybe not just weddings, it can also be used for parties and others.
So love your podcast. 1 thing tho, I listen to your pod mostly at 1.5X and have to say that the intro music sounds much better at 1.5X, try listening it and share what you think… Keep doing great stuff guys!!
In the podcast world, where most biz-talk's a snore, Sam and Shaan keep us awake, never a dull moment, that's for sure. "My First Million," an antidote to monotonous drones, They dissect ideas until they're nothing but bones. Did Sam rest and vest at HubSpot? Well, only for a minute, Now he's onto Hampton, a new venture-his heart's right in it. Shaan dreams of a six-pack but Taco Bell's in sight, The allure of a Crunchwrap Supreme makes abs a long-term fight. At 2x speed, their laughter becomes a show, Sounding like Beavis and Butthead-oh, how the giggles flow. "We read all comments," they boldly claim in voice, Will they respond to this poem? Oh, what a choice! They're not into "small boy stuff," or so they love to say, Big ideas or bust, that's their only way. So here's our cheeky dig, a jest to keep things real, You're the kings of podcast banter, but let's not make that a big deal! How 'bout making artifacts, gems from business lore? PostPilot's investor update-oh, we'd adore! Sam's founder agreement was an artifact that shined, Follow it up, you two, and let your fans behind the grind.
57:00 I think “business idea Monday” is HORRIBLE. Your bad episodes get listens and views because we don’t know what we’re going to get. I think you’ll have Monday viewers and non Monday viewers which will effectively split your audience. A regular pod with a section for ideas is the solution IMO.
You guys should interview Oliver Brocato. He seems like the type of entrepreneur you guys look for. Check out the interview he did with Brett Malinowski. Dude revealed way more tactical and actionable stuff in 2 hours than most entrepreneurs ever share.
A part of me wants to get rich to live a convenient life and not worry about money but the other part just wants to get on the pod and hang with you guys. #LifeGoals
Both are subscription services. Onlyfans is mainly for adult content. Desperate men will happily throw money at hot women and that explains why OF is making so much. Also, the big advantage that OF has over patreon is that subscribers can pay creators extra money to get custom content.
I remember when OF had massive problems with the creditcard companies. They terminated them. How was that solved? Maybe that was the moment when the founder solved for "peanuts"?
Guys, just a Litle hint -> why don’t u come back on first milion milionaire stories ? Just saying… Making the first million liquid it’s hard, who cares about billionaires becoming even richer ❤
@@illuminated2438 ofc course you can get a decent car with a million. heavily skewed pov on world if you think you can't. $1m i still a lot of money, depends on what the goal is. do you have $1m? if you don't, i don't see any reason as to think it's "barely enough to get a decent car". if you do, sure. then maybe decent car is a mclaren or bugatti for you.
i agree and disagree w the replies, 99.999%+ here will never see close to a billion and theyre up in dream land if they think this content is relevant, edit: also props to shaan at the end for the idea only video
First, love the glasses. Second, can you guys recommend an episode for me? I discovered you guys only a few months ago. I want to learn about the "lower level successful businesses". I want to know about 1 or 2 person companies that make a few hundred grand a year. Basically, my goal is to generate $20k/month with the software I'm building. I don't know of any success stories similar... and maybe for a reason.
This is easily one of the best podcast's I have ever heard. Unique stories, success leaves clues, success off the beaten path. The fro yo was totally hilarious!
Love your content guys. Your talk about loads of great businesses where some guy or gal created a 7 or 8 figure business out of nothing because they came up with a novel idea. What interests me more though is how they grew those businesses, more than the idea itself, because that's even harder than coming up with the idea in the first place, especially without a big time. Are they influencers with large followings? Do they use content? Ads? Insight into some of that would be amazing!
Pretty odd to speak so positively about two of the most reprehensible businesses that have caused MASSIVE damage to peoples lives. Opioids and OnlyFans. I get that its interesting to talk about big money makers, but the complete disconnect from ethics and morality speaks volumes about Shaan and Sam.
Asking this here even though it’s not relevant to this episode: There was a topic a back in the day, a newsletter connecting investors to startups? What newsletter was that or at least what episode?
Constructive critique - Sam has annoying tendency to interrupt Shaan when story flows. Dude just let the story to have roots and maybe at this time your question is irrelevant (been there, done that).
onlyfans should not be celebrated any more than selling drugs or terrible pharmaceuticals it has only led to further societal decay and degradation of women whilst fostering simp culture
Shaan is getting visibly in better shape by each podcast! Keep it up!
He's losing the fluffiness tho
I have a small correction on the Sachler story, that changes the ending pretty dramatically.
It’s true that the government forced Purdue Pharma into bankruptcy. However, that is only after the Sachlers pumped out all of its enterprise value via dividends (over $11 billion). By the time they went into bankruptcy, Purdue was an empty husk that the Sachlers were more than willing to hand over to the government.
They were forced to renegotiate the settlement, so they had to pay $6 billion of personal Sachler money (not Purdue’s) to the victims in exchange for avoiding any personal liability for how they ran Purdue. In the end the Sachlers still came out ahead by $5 billion and avoided any jail time. Hardly a win for the victims or the government.
Source: Money Stuff by Matt Levine
I love MFM because you guys cater to an ambitious group of people I believe. And covering all ranges from talking about crazy billionaires to even just interesting blue collar side hustles. That is exactly what I’m here for, all of it. Not only that, you guys talk about what’s interesting, and you yourselves are genuinely interestedly Jeep this healthy mix of content because I think the real vision point is entrepreneurship, ambition and curiosity. Also please do something with the TotalMan thing.
Finally!!! Just the "Sam & Shaan" show! Need more of these.
🙄
Finally someone else said it
@@richardcollins6026 yeah, I couldn’t resist. I had to be “that guy”😅
Agreeeeee
Glad to see your video on my feed. I still watch a few other UA-camrs.. I've followed trades of a couple UA-camrs and I'm down so much…210k to 80k. It got addictive. My resolve is the lot are amateurs.
You are not investing. Sorry. You are gambling.
Before you make an investment decision, consult a fee only advisere, taking advice verbatim from youtube is like going to the intern to take lessons passed on from the professional.
how can one get a fee-only planner?
You can find them online, make sure theyre registered, have a fduciary responsibility with no disclosures, I work with LOREN LENA WALKER
can I get a phone-no to this advsor you use? I have lost over 30k when the market began to pump
“I don’t ask for much, but I ask for this. Don’t let me down”. Shaan Puri 2023 👏🏾 (I just subscribed on UA-cam, I was already following on Spotify)
My mom always said you have to be a little brilliant to truly be diabolical.
Do a whole pod about Denim Jeans. lol
Can you post in short form the bit about the Millenial pause? it was a true gold nugget the way Shaan delivered it 🤗
Today is my birthday I turned 23, left my "low paying Indian job". I am gonna start a company. Will come back here again in 1 year. Thanks guys for the POD it's different.
Feature one of your subs at the end of the each episode ^^ love the pod as always :)
@Shaan Simping over the OF guy printing gobs of degenerate cash was not something I had on my bingo card today.
kills less people than pharma
Sam wasn't gushing about the Sacklers..in fact he said he was disgusted by them and what they did. @@nyustdent
I have nothing to say except I’m here and watching 👀
MFM is the underground version of All-in
its more microecon and all in is more macroecon
everyone knows micro > macro - shaan@@xsw882
@@MyFirstMillionPod micro boy stuff only
*the Gucci version of All-in
The non-cringe version you mean
Sam answered denim so quick. I was laughing just like Shaan
I loved this episode. Granted, I'm bias...but I felt amazing after recording it.
AM I HIRED AS PRODUCER YET?
@sampaar9604 was on 2x speed today! Great episode
agree, great ep
When is shaan gonna whip that shirt off to show the fukin 6 pack?
Church aint out until we see the rippling stomach!
It's ironic that veteran entrepreneurs find a government agency like Companies House UK so impressive, given that many countries have a similar register of companies. It's hardly groundbreaking
Great podcast today. It is, without question, you guys have a great connection. And Sam, Shaan would let you stay at his house more than two nights😅
It could also help you get acquainted with screaming kids as you and your wife welcome your new little one in the future.
if you’re the sole owner of onlyfans and you have no intention of selling or going public (British law is probably the most reputable in the world) - why would you set up a holding company in the UK and pay enormous income tax? there has to be more to this story
I thought UK was a tax haven.
And he's based in Florida. Why wouldn't he incorporate in the US?
I love MFM. It's actually the only podcast in which I never miss an episode. I really love the business stories even though Sam sometimes doesn't get them completely accurate. They're always entertaining though. Keep up the excellent work.
Perdue Pharma paid 6 billion the largest fine by a pharmaceutical company at the time but they made over $18B. 🤔
That Dollar debasement thing, I think is what Ray Dalio talks about. About it stopping being the “base currency” of the world.
@@ProphetVictorJesusIsKing how can I do that ? I can be found on X.
Couldn't find anything controversial or negative to comment here.... so just keep being awesome guys - love the pod!
The SpaceX guy when he was moved to Washington he was going to work at the Starlink factory, that's when they were struggling to move fast in developing the satellites.
Sam Shaun you gotta do a kids table version of Billi of the week. For those of us starting out, do a 100m or 10m guy of the week. Something more attainable, that yall can relate to more. This show is literally called my first million not "dream of being a billionaire one day pretty please"
Newsletter for doctors. Exactly what im working on. Will keep y'all posted.
You need to do a segment on the hammer family.
Great story on Steve Davis!
Thanks so much for adding chapters so I can skip over everything OnlyFans related
Yes, love the business ideas episodes!
Floyd Mayweather’s finances and even Canelo Alvarez’ business portfolio would be fun for y’all to break down
Do a one where a 40 years old is trying to get back and can only start something which can be done with a job. Thanks for lot for all the ones till now
This episode was typical FIRE! Did you hear the smoke alarm at 59:41?
Hey Shaan and Sam, i definitely came for the business ideas and stayed for the jokes! Audience member said Shaan is getting visibly in shape and in addion to noticing corns on Sams hands previously ( dude invest in gloves ) he seems to have a scratch across his arm this time....Only a fans story to that? lol
Business ideas Mondays 🙌🙌🙌
An idea that someone with more money can do?
Weddings are boring, they're all the same, nothing new, nothing unique, after going to 10 weddings you still can't remember how it was at each one. At least that's how the weddings I've been (most) are.
What would it be like if there was a wedding hall in the shape of a dome full of displays on the inside and on the floor? How did they make that sphere in Vegas. So you can have your wedding anywhere, or in 6 different places in one hour. You can hold your wedding at the bottom of the sea, or on the moon, or in the jungle, or on a plate in the kitchen (everything around should be large, and the area of the room should be the area of a plate), or in the desert, or at the pyramids, the list is endless and the experience can be a special one. In addition to these effects, there should be special menus, specific music with the displayed area, effects, smoke if it is in a swamp, maybe even a little water like in 4dx movies. I remember what you told Sam, about a book that helps you organize a very special party, that's where I started when I thought of this idea, plus sphere from Vegas. I don't know how original the idea is, maybe it already exists and someone is doing it. Now I saw that Sphere in Vegas has a similar display, but I was thinking of a smaller one that would cover everything, including the floor, which would of course also have a layer of glass so it wouldn't get damaged. And to have such wedding halls all over the world, where you can have a very special night. The hall can be rented like this for events, maybe not just weddings, it can also be used for parties and others.
48:41 - okay. This moment is why I love you guys
You guys are SO funny and I love the diverse characters - Leo Rad; and Elon's Steve Davis. Keep it up Sam & Shaan!
So love your podcast. 1 thing tho, I listen to your pod mostly at 1.5X and have to say that the intro music sounds much better at 1.5X, try listening it and share what you think…
Keep doing great stuff guys!!
Bring back the gentleman's agreement lol
In the podcast world, where most biz-talk's a snore,
Sam and Shaan keep us awake, never a dull moment, that's for sure.
"My First Million," an antidote to monotonous drones,
They dissect ideas until they're nothing but bones.
Did Sam rest and vest at HubSpot? Well, only for a minute,
Now he's onto Hampton, a new venture-his heart's right in it.
Shaan dreams of a six-pack but Taco Bell's in sight,
The allure of a Crunchwrap Supreme makes abs a long-term fight.
At 2x speed, their laughter becomes a show,
Sounding like Beavis and Butthead-oh, how the giggles flow.
"We read all comments," they boldly claim in voice,
Will they respond to this poem? Oh, what a choice!
They're not into "small boy stuff," or so they love to say,
Big ideas or bust, that's their only way.
So here's our cheeky dig, a jest to keep things real,
You're the kings of podcast banter, but let's not make that a big deal!
How 'bout making artifacts, gems from business lore?
PostPilot's investor update-oh, we'd adore!
Sam's founder agreement was an artifact that shined,
Follow it up, you two, and let your fans behind the grind.
Bruhhh so thoughtfully written.
All written by GPT 😂
Sad if that's the case 😒
a poem!
great pod again. Shaan has great views on thing.
‘Guys’ got a dome on him’ 😂😂😂
57:00 I think “business idea Monday” is HORRIBLE. Your bad episodes get listens and views because we don’t know what we’re going to get. I think you’ll have Monday viewers and non Monday viewers which will effectively split your audience. A regular pod with a section for ideas is the solution IMO.
Yo Shaan looking slimmer! hitting the gym lately?
You guys should interview Oliver Brocato. He seems like the type of entrepreneur you guys look for. Check out the interview he did with Brett Malinowski. Dude revealed way more tactical and actionable stuff in 2 hours than most entrepreneurs ever share.
A part of me wants to get rich to live a convenient life and not worry about money but the other part just wants to get on the pod and hang with you guys. #LifeGoals
Why did OF overtake Patreon? Not real familiar with either platform.
Both are subscription services. Onlyfans is mainly for adult content. Desperate men will happily throw money at hot women and that explains why OF is making so much.
Also, the big advantage that OF has over patreon is that subscribers can pay creators extra money to get custom content.
Boring co is much more important than you can imagine
You guys have to get Steve Davis on here. He sounds amazing! Saludos desde San Juan
I remember when OF had massive problems with the creditcard companies. They terminated them. How was that solved? Maybe that was the moment when the founder solved for "peanuts"?
if he loves the pod, get him on as a guest!!
This was great episode
Guys, just a Litle hint -> why don’t u come back on first milion milionaire stories ? Just saying…
Making the first million liquid it’s hard, who cares about billionaires becoming even richer ❤
they have a bunch of millionaire stories,
doesn't hurt to have a billionaire story once in a while
Million dollars isn’t cool, you know what’s cool??
Far more interested in making billion. 1,000,000 isn't much at all. You can barely get a decent car for that.
@@illuminated2438 ofc course you can get a decent car with a million. heavily skewed pov on world if you think you can't.
$1m i still a lot of money, depends on what the goal is. do you have $1m? if you don't, i don't see any reason as to think it's "barely enough to get a decent car".
if you do, sure. then maybe decent car is a mclaren or bugatti for you.
i agree and disagree w the replies, 99.999%+ here will never see close to a billion and theyre up in dream land if they think this content is relevant, edit: also props to shaan at the end for the idea only video
Sam’s eyes light up when he talks about historical fraudsters and scoundrels, even more than the alive ones
THE LIGHTBULB IS BACK BABY 💡
By popular demand
Leon might be more honourable and might have more ethics than the owners of Etsy. I don't hear OnlyFans creators complaining as much as Etsy creators.
First, love the glasses. Second, can you guys recommend an episode for me? I discovered you guys only a few months ago. I want to learn about the "lower level successful businesses". I want to know about 1 or 2 person companies that make a few hundred grand a year. Basically, my goal is to generate $20k/month with the software I'm building. I don't know of any success stories similar... and maybe for a reason.
If you guys did an analysis the top earners and agencies of OnlyFans that would be a hilarious episode.
@@ProphetVictorJesusIsKingeww, a scammer
This is easily one of the best podcast's I have ever heard. Unique stories, success leaves clues, success off the beaten path. The fro yo was totally hilarious!
🙌🙌
Why is the video only on UA-cam and not on Spotify?
Love these business idea episodes!
Sam should do a PHD on Denim 😂
MFM has officially coined the term “micro-boy stuff only”
Sam: the history of denim
“What’s your thesis on?”
Shaun: the history of flannel
Loved it
Wasnt going to comment...but Shaan kinda twisted my arm at the end there so here I am.
There are 8.4k views on this video 7 hours after its been posted. There should be 10,000 likes by now!
That first bit sounded a lot more like “instead of” than “in addition to” 🤷🏻♂️
39:05 The Single Greatest Movie Of All Time!
Love your content guys. Your talk about loads of great businesses where some guy or gal created a 7 or 8 figure business out of nothing because they came up with a novel idea. What interests me more though is how they grew those businesses, more than the idea itself, because that's even harder than coming up with the idea in the first place, especially without a big time. Are they influencers with large followings? Do they use content? Ads? Insight into some of that would be amazing!
Great show guys.
Net net, MFM is the best podcast.
I wish they would share information on how to invest into these companies - the way they're doing it - legit - without getting fleeced
Steve Davis the snooker player is a great DJ too!
Would be dope if Leo left a comment with his acquisition number..
All that exercise Shaun is doing is beefing up the alpha-male testosterone. Jk, love you guys.
Two thumbs up
You liven in our head too ^_^
Shaan is getting more handsome because of working out. Can't wait to see you jacked. 🔥
Pretty odd to speak so positively about two of the most reprehensible businesses that have caused MASSIVE damage to peoples lives. Opioids and OnlyFans. I get that its interesting to talk about big money makers, but the complete disconnect from ethics and morality speaks volumes about Shaan and Sam.
Get Leo on the Pod!!
You guys rock. Keep it up.
Why does Shaan has an ecom store. Is it really worth it ?
Asking this here even though it’s not relevant to this episode:
There was a topic a back in the day, a newsletter connecting investors to startups? What newsletter was that or at least what episode?
Angellist?
Yes! Thank you 🙏🏼
"His thesis was about `de basement" -shaan "Does that mean its at the bottom?" - sam
🤣
@shaan and sam - big fan of the pod. I'm a doctor working on the newsletter for doctors. (real estate big part is a component too).
If only fans would IPO that would be the biggest IPO ever.
You should get him on the pod!
on the initial question, I totally understood the thumbs down option, that he was also going to SF after their podcast.
Did you get the offer stacking idea from Hormozi's webinar? "You don't have to pay money for this but it ain't for free"... Brilliant!
Sam looking sharp
You guys need a Pharmacist on the show sometimes. Just sayin’
Shaun's t-shirt maks me fele sick
Constructive critique - Sam has annoying tendency to interrupt Shaan when story flows. Dude just let the story to have roots and maybe at this time your question is irrelevant (been there, done that).
Let’s go!!
Whaa, so he bought shares into it in 2018 and is making $300M a year?
👍🏼
onlyfans should not be celebrated any more than selling drugs or terrible pharmaceuticals
it has only led to further societal decay and degradation of women whilst fostering simp culture
commenting for the algorithm
Sam is upping his story telling. 👍