How To Come Up With Billion Dollar Business Ideas | Hubspot Co-Founder Dharmesh Shah

No more small boy spreadsheets, build your business on the free HubSpot CRM: mfmpod.link/hrd
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Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk to Co-Founder & CTO of HubSpot, Dharmesh Shah (@dharmesh), about why a bad economy is a good time to start a business, creating an alternative to Wordle, and the trillion dollar Venn diagram of success.
Also, want $5,000? Check out the My First Million Clips contest (www.mfmpod.com/p/clips/).
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Links:
* HubSpot - www.hubspot.com
* Why to Start a Startup in a Bad Economy article - www.paulgraham.com/badeconomy.html
* WordPlay - wordplay.com
* Shaan's Maven writing course - maven.com/generalist/writing
* Shaan tweet about starting the next Pixar - ShaanVP/status/1541517141672833026?s=20&t=3cn4kPT4NVCfmlrCx_j9xA
📧: Sign up for The Hustle Daily Newsletter: mfmpod.link/ru5
🎙️: Download Our Podcast: link.chtbl.com/RQX2bowQ
A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us.
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Show Notes:
(00:00) - Intro
(01:08) - Why renting is better than owning
(23:20) - Framework for three types of employees
(33:25) - Why Dharmesh built WordPlay
(01:06:10) - Driving value through an intersection of skills (Trillion dollar Venn diagram)
(01:10:25) - Why Shaan is starting the next Pixar
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[@LeveragedFinance]

That 11-year-old is so smart to have chosen Dharmesh as his dad.

[@PaulRoberts61877]

Python at 11 would be amazing. We had Basic, then C launched at 12yro

[@PaulRoberts61877]

I'm a recent MFM watcher and thankful to have been introduced to Dharmesh through you.

[@moneymakingsim4314]

I see Dharmesh on MFM and my brain fills with motivation.💰🤑

[@TUNEUSWellness]

Dharmesh is likely my favorite guest you guys have had on. The business sense he has developed is astounding. Next time you have him on I would love to see more of his thought process on how he would develop different types of businesses in various fields. Maybe you could poll the audience and get 3 different businesses that people currently run and ask him what steps he would take to 10x the business. You all are amazing, appreciate all you do to make such a great podcast!

[@DharmeshSpot]

Thanks for the kind words. I think you overestimate my ability to provide thoughtful advice on businesses outside my sphere of expertise (which is actually quite small).

[@thehari75]

I have adhd but my eyes and ears were glued to the screen for 90 minutes...brilliant episode

[@DharmeshSpot]

Thanks. That's high praise. Appreciate you hanging in there.

[@martinlutherkingjr.5582]

Did you take adderall

[@moneymakingsim4314]

Hey guys👋.. PLEASE PLEASE PLEASE, get this man Dharmesh on the pod ATLEAST once per month!! … Maybe even weekly..🤷🏼‍♂️ Just make him the MFM resident “Billy”!! You three have great chemistry, and adding his tech/ business acumen to the show, is next level!..Just look at the numbers on the vids whenever he’s on!! Respectfully, LETS GOOOOOO!!!!

[@yurisinclair4160]

Really enjoyed this episode. The guest was great and should be brought back on!

[@herogebrial]

You guys deserve 1 million subscribers! So much value.

[@ivaldisako]

One of the best podcast especially loved how Dhamresh explained the mix of skills, overall amazing podcast

[@johnjamison460]

This podcast is so entertaining. Dharmesh is very insightful. The frameworks and concept of the relationship between money/time are very powerful. I find this pod as the perfect intersection of humor and insight as far as business/tech nerds are concerned. Keep up the amazing content.

[@emjayel4509]

1:15:30 that breakdown in thinking is 🔥

[@VinMotors0613]

In the video "How To Come Up With Billion Dollar Business Ideas", Hubspot co-founder Dharmesh Shah shares his insights on how to generate billion-dollar business ideas. He starts by emphasizing the importance of focusing on solving customer problems rather than just pursuing profits. He also suggests that entrepreneurs should think big and not limit themselves to incremental improvements. Shah recommends that entrepreneurs should create a list of potential problems and try to come up with solutions for them. He also advises using existing products and services as inspiration for new ideas and to find opportunities in areas that have been overlooked. Another important takeaway from the video is the importance of building a strong team. Shah explains that having a diverse team with different skill sets and perspectives can help generate innovative ideas. For middle-class earners, the main takeaway is that anyone can come up with a billion-dollar idea if they focus on solving real problems, think big, and surround themselves with a talented team. The key is to stay curious and keep exploring potential opportunities.

[@saintrel]

How can I record in this format?

[@willl5970]

Awesome episode guys! TYVM!

[@chinqueman]

The economy actually matters a lot because of thr VCs are adjusting their mental models as you mentioned. Even clients in a SaaS case may not be interested to buy new software either.

[@Allyourneedsmet]

How do you build such in 24hrs...I'm still trying to grasp c# foundations

[@marziamode3727]

Literally Loved this!

[@gutsyphilip]

Always love it when Dharmesh comes on!

[@shannons1886]

I remember the HS $5K fixed salary time. A bunch of articles written about it, worth a read.

[@sanesanyo]

Dharmesh is so down to earth. Learnt a lot from him in this podcast. And Sam, please given you are inviting a guest to your podcast you ought to pronounce his name properly. If you cannot do it, at least let him know. I mean seriously, what's the name worth if you cannot pronounce it correctly. Then you can also call him whatever random name you can come up with.

[@troy_klongerbo]

What an incredible podcast. Amazing insights here by Dharmesh. I loved his talking about his 100 angel investments and the almost reckless way he decides to vest.

[@MyFirstMillionPod]

The key word here is "almost". :)

[@troy_klongerbo]

@@MyFirstMillionPod Exactly! To the trained eye, it's incredibly efficient.

[@s78932]

What episode number is this??

[@AlexRosier]

The brainstorm sesh for Wordplay was amazing. I love watching 2 creative people jam on an idea

[@shaanpuri5111]

thakns alex! I didn't know if people liek the live brainstorm or not

[@kirangurung596]

Wow. Thank you.

[@WarzonePlug]

Are you guys still doing the clip contest, cause it's still in the description of the vid? Did you guys already pick the 2 winners?

[@bestt2252]

lol that's pretty smart to keep it on. Why you calling them out 😅

[@DSLcokerDS]

Don't listen to the voices of doubt neither of your peers nor yourself.

[@k00k]

Is there anyone in the space that is more likeable than Dharmesh? He's so down to earth.

[@YawAgyenim]

I am 15 years of age and currently searching for disciplined corporation partners in which are similar ages. I plan on formulating a multibillion dollar corporation and would enjoy having similar minded men with the same ambitions.

[@sutats]

Great minds.

[@unbundlebyorrowox]

Great Episode 🔥🔥🔥

[@frankweightlossjourney]

Dharmesh reminds me of the crazy guy in a movie you don't believe until it's too late.

[@MyFirstMillionPod]

I'm going to take that as a compliment. :)

[@StartupSpells]

sam it's not daaaaarmesh...it's dhhhharmesh 🤣 just finished the episode & it was mind-blowing. loved the wordplay session. first time heard about the word "function decomposition" & dharmesh explained it fantastically decomposing seo & final part about skills overlap (scott adam's talks it in his book). 10/10 episode!

[@MyBinaryLife]

the H is silent. the word darmesh is pronounced exactly the same as dharmesh.

[@StartupSpells]

@@MyBinaryLife not really, i'm an indian so yeah you can trust me bro.

[@martinlutherkingjr.5582]

Where is his accent?

[@jazzymichael]

I love this guy

[@actiniteviewer]

12:30 People "overindex" on compensation particularly when they have bills and debt. 🤣

[@yarmohammadi]

Is it just me or does Dharmesh look like a well-fed Osho?

[@seempaq]

Fire thumbnail

[@NathalieLazo]

“It's never the circumstances that determine success in life but what you DO with the current bad circumstances that determines your success in life.” - Dani Johnson. Incredible person reading this, have an awesome day! I believe in you! Love ~ Nat ✨❤️

[@YasinNabi]

woww this is an awesome video. thanks for sharing :) ! a fellow creator

[@deepd2901]

Why would you use that picture for the thumbnail😂

[@ArnoldPranks]

Best. Guest. Ever-est.

[@DharmeshSpot]

Thank you.

[@GTActionstunts]

I have a stand up idea but no backing yet

[@seabass_1]

I want to work for shaan cause I like challenges like marshmellow and sticks but then gonna come back to my grind after i win that

[@suleimanpeshawari1032]

Let the guest talk

[@seabass_1]

going from 500b to 100b or whatever who cares its the 100k to 10k that is more impactful on us

[@Alendevlin]

I wish I can get hired by them. Even for volunteer work. Messaged them but no reply yet. Trying for my first time selling AI/softare alpha stage in order to update and create better AI/software. I have a hobby not a busisness. Oh well.

[@joeyc666]

Hi friend, any luck? I can take a look at your pitch for you if you like :)

[@saket37]

The world is healing :)

[@jester6909]

DHAR BOY

[@simpleman1364]

Hello Dharmesh, I have the next multibillion-dollar idea. I feel that you possess the skills and resources to see my vision through faster than I could. I hope that you can find me so that we can talk. Sincerely, A Simple Family Man.

[@andre-le-bone-aparte]

How many people owe Dharmesh 10 Thousand dollars for sharing over an hour of his time? ✋

[@emjayel4509]

Flying V! 🦆

[@NatureVideosChannel]

If you want to be a millionaire or billionaire, why go behind motivation and listen to others' success stories that won't help you? If you're already on the way to being a millionaire, these things should look like wasting time.

[@MB561]

He doesn't actually speak about "HOW to come up with a billion dollar idea" but at least he got to pitch his website and game! That's always what these interviews are about... that is, self serving business promotional stuff. Same is the case for all of Y Combinator's videos like "How to create an uber start up with Travis talking about himself and how great he is and how great uber is and zero about how to create an uber like start up. Same BS here.

[@AlkaPwnige]

I mean if it was that easy it wouldn’t be something you can learn in a KZbin video lol

[@mice-elf]

You will own nothing and you will be happy. - WEF

[@Septumsempra8818]

I'd work for free... with borderline pathological obsession. s/o from South Africa

[@alexshibu3263]

shaan BeboTIL lol

[@prashantyetukuri8161]

You can’t use Micheal Jordan and whatever in the same sentence.

[@buildingphase9712]

Shaan always making stuff about himself!

[@almurabitun]

Renting makes no sense in England. Property ownership is the only way. This american perspective of renting makes no sense to us.