Why Direct-to-Consumer Companies Are Awesome to Own | My First Million #217

No more small boy spreadsheets, build your business on the free HubSpot CRM: mfmpod.link/hrd
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In this episode Shaan (@ShaanVP) and Sam (@theSamParr) debate the merits of owning and operating a direct-to-consumer e-commerce business. Shaan breaks down some of the basic ins-and-outs you should look for with ad spends and purchase multipliers. They also discuss the state of economy and whether or not we are in a bubble (or rather, many bubbles), a new NFT project called Loot, the recent raises of Whoop and Allbirds, and Sam's friends Bitcoin gamble.
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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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* The Everything Bubble: blog.ftx.com/blog/the-everything-bubble/
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Show notes:
* (0:00) Back to school
* (1:14) A psychedelic story
* (8:55) The story that lead to a breathwork app
* (16:12) An event better than SoulCycle
* (18:04) The ranch retreat for deeper connections
* (25:04) The 2018 Bitcoin gamble
* (29:30) The Everything Bubble
* (37:59) Loot - 10 words of gibberish
* (40:04) Thoughts on Whoop's recent round & Allbirds S-1
* (45:22) Why DTC companies are awesome
* (53:55) Shaan's award show

[@tyrelsjohnson]

Episode dedicated to DTC please!

[@DaBombRox99]

def an underrated podcast. thanks for all the knowledge and insights!

[@ericcheng.12]

loved this one! Shaan can u share your brand! would love to hear a full DTC breakdown!

[@sburkowski]

Shaan so bummed not to hear more about your DTC. Such a tease man. Definitely want to hear more about that. Ps. Music at the end of the outro is messed up. May want to check into that.

[@seempaq]

Omg at 59:00 is exactly what I started this week! You guys inspired me! Let’s goooo

[@SebastianCruze]

Randomly watching this old episode and wild to hear Shaun talking about FTX Sam BF at 31:05

[@matthewobrien894]

Fantastic episode! 🙌🏽

[@TravisPavlik]

One of the best stories from binge watching all episodes over past month. “MDMA Capitalism debate” lmaooo

[@TheSchoolOfInspiration]

OMG - I've listened to the pod via Apple on audio only for a year and this is the first time I watched you guys on video. It feels...strange to see the video. Congratulations on the great content btw and thanks for helping me through COVID!

[@think41c]

At 30:09, this criteria for outsized investment returns has never been stated so succinctly before, at least that I've ever heard (and I've got a background in hedge fund trading as well as M&A). Nicely done Shaawn! Man this podcast rocks...

[@guitarzack]

That intro was baller

[@samuelsm]

AMAZING EP!!!

[@kdhartford]

This was a great episode....

[@laurenhess9723]

Any solutions for ios14 FB? Everyones campaigns have died. I've heard GTManager and AWS conversions API gateway are possible solutions but nothing close to pre-ios

[@ZelenaZmija]

I work in the business valuation space. One of our current clients is a DTC personal products brand that's doing $20 million with like 6 or less employees plus a few contractors. It's straight printing

[@jasonconley6727]

SoundCloud link in the comments?

[@Mespo300]

What’s the DTC biz Shaan!? 👀👀

[@sutats]

31:04 FTX, a trip down memory lane.

[@TimeshareSimplified]

Love the show fellas! You guys need to watch the South Park episode where the hippies take over. It’s exactly like you were saying. The hippies are like we need to live in a free society we’re like one person like bakes stuff, and someone else fixes stuff, and somebody cooks things. Then Stan‘s like you mean like a baker, a mechanic and a restaurant. Then the hippies like you don’t understand man you haven’t been to college yet. 😂

[@ornamentallyyou]

Insane, so cool

[@ProRallyDriver]

Get the turkey leg DUDE!!!! hahahahahahaha

[@Goodsgameshop]

SBF and FTX part hasn't aged well haha

[@TimmyBlumberg]

Honestly, I miss the pre-Hubspot MFM. KK Sam and Sean are great, but I’m so nervous this thing is over. I’ve moved from a listener every round, to a listener on your cue.

[@samparr9899]

what has changed?? we still say whatever the fuck we want.

[@nakkoe8161]

MDMA and molly are the same. Can come pressed into a pill or come pure as a crystal.

[@waynewhite2314]

Those nutty ppl...well I'm actually cautious but partly one of the too...and I want to tap in to more of that again !!!

[@sufiansaidon5600]

This aged very well.

[@gilbertodanielvalles3113]

98% of NFT projects will fail long term. However, the underlining tech of smart contracts is what will disrupt many industries. What is exciting about NFT is not so much how it is currently being used with Art, but the implications it has for transactions.

[@mohdmajid1]

Vivi is the epstein of today

[@samgebhardt5135]

I'm so glad to hear you talking about the retreat. It's why humans are at the top of the food chain despite having no physical advantage. We can act more like nodes when trust is established

[@samgebhardt5135]

Ie.. parallel processing.

[@samgebhardt5135]

Oddly we seem to have an independence bias.. I wonder if it's a cultural zeitgeist

[@maindigital6549]

Crypto wont stop being a joke.....until people stop treating it like its a joke, NFTs have so much value if you want to create a real company but people are just playing around

[@mountainman6172]

C'on Shaan I was expecting proper dive into d2c and bit more meaty info and case study with substances. Skipped so many times and the D2c was just meh! Pod watered down AF now. All the best!

[@pauloberg3399]

Men you need to try magic mushrooms, just close your eyes 👀 some classic music and have a save trip remember just and experience 4 h enjoy.

[@kingnay08]

Nooooooo what happen to the transparency???? You guys are blocking things out!!! Cmon!!!!!

[@samparr9899]

huh?

[@kingnay08]

We want all the numbers and details. You’re blanking out the good stuff.

[@TimmyBlumberg]

If sam did his own podcast, I would be extremely interested.

[@mountainman6172]

My ears would bleed.

[@shaanpuri5111]

Shade taken

[@BuddyRathmell]

Ouch. I actually love the interplay between them. I just found MFM about a week ago and have already listened to about 10 episodes. I love the segmentation and being able to flip to parts that most interested me. In one of the episodes, Shaan was mentioning how people who listen to this podcast probably have lots of domains and browser tabs open. Guilty on both accounts. Loving the podcast. Thanks, Sam AND Shaan.