The Thiel Fellowship gives $100k to 25 kids a year to drop out of college and start a company.
This morning a Thiel Fellowshow recipient (now 25 years old) just sold a self-driving car startup he started with his $100k for $3.4 billion at age 18.
Hell yeah.
A prediction:
- Spotify will drop Rogan
- Then he'll start his own media company, maybe his own platform
- Obviously, it will be huge. He'll become a billionaire.
- Bonus:
@elonmusk
will be an investor or help in some way.
Not THAT crazy of a prediction. But hey, let's see!
Fun fact: cash back from your credit card isn't taxed.
I knew a person who lived off their business's cash back from their card. Was like $200-$250k/year.
I think, but am not sure, that there's a limit (like $300k or so).
Coinbase founder Brian Armstrong will be worth ~$20 billion by end of day (he owns 20% of coinbase).
Prior to starting Coinbase in 2012, he worked at Airbnb and Deloitte.
The fact that someone created that much wealth in such a short time is amazing.
I love the internet
NEWS: My company The Hustle is being acquired by
@HubSpot
!
Very exciting day. Let me fill you in on:
- why a publicly-traded software company is buying a media startup
- how much they paid
- what happens next for The Hustle
- how it impacts you
(a thread!)
I wanna make this kid famous on tech twitter.
Read this post...this is baller stuff.
I was on a run and this kid
@marvy_101
stopped me. Was on his bike, chased me down, and was out of breath, ha!!
He wanted to show me a new app he built.
Its called One Click Apply and lets…
Bret Taylor is about to join the board at OpenAI.
Check out this guy's background:
- Created Google Maps
- Started Friendfeed, sold to Facebook
- CTO of FB
- Founded Quip. Sold to Salesforce for $750m
- Co-CEO of Salesforce
- Chairman of board of Twitter
- Board at Shopify…
Little Naomi Parr was born this week.
@SaraSodineParr
and Naomi are healthy and we are over the moon happy.
I’m in a state of bliss and am beyond excited to be a dad!
This pic was taken right after birth. Look at Sara. Amazing. Champion.
I'm SHOCKED at how many $30k-$50k trucks and SUVs I see in poor areas of the country.
We've been tricked to spend WAY too much on cars.
My thinking: spend no more than 1/10th your gross annual income on a car. Keep same car for 7+ years.
When I sold my company I called my mom.
I told her how much I made, some big media outlets were covering it, the buyer was a $20b company, and how my financial dreams have come true.
Her response:
"That's great! But do you still have health insurance?
Looking like its Sid’s last weekend.
He’s ~15 years old and make it for the first ten days of my daughters life.
Haven’t ever been this sad but I’m so happy he made it this far to meet her!
Dogs you have in your 20s are special. Only ones who see your full evolution!
Go to 21 seconds in.
Elon pauses for 15 seconds before answering a question.
If you're the interviewer or want info from someone, NEVER EVER interrupt that silence.
Most people do because its uncomfortable. But on the other end of that silence is often great content.
Netflix's Marketing power:
- Squid Games show increasing Vans sales by 7,800%
- Korean signups on Duolingo by 76%
- Korean candy on show up 250%
- Quid actress 400K to 18.9M Instagram followers
I tried Ozempic about 1.5 years ago because I love testing new things.
2 weeks in my immediate thought was: this will help cure alcoholism. Could feel it.
I was addicted to booze. 10 years sober now.
And I could feel the sugar cravings, along with other types of cravings that…
She was giving out samples of her 6-month old food startup
- sourdough baking mix (no sugar)
- used to work in fintech
- 29 years old
- cold emailed Whole Foods. They’re now stocking the product
- sells 30 packs a day giving out samples
- no funding no employees
Jesha’s Bakery
At the Berkshire Hathaway shareholder meeting in 2013 Warren Buffet said he's owned 500 stocks during his life and made most of his money on 10 of them.
Munger followed up: "If you remove just a few of Berkshire's top investments, its long-term track record is pretty average.
Hey
@rabois
, why are you suck a d*ck online?
I hope you keep this energy in real life when you meet people.
When you're the man, you don't act rude to people like this.
Real ballers don't flex nuts, cuz real ballers know they got 'em.
I spoke to a person the other day who owns a Chrome plugin that makes over $25m in revenue.
Its only him and 1 other employee.
Mindblowing.
Anyone heard of any other examples like this?
Small (less than 5) teams that have huge Chrome or Wordpress plugins (or like that).
ANNOUNCEMENT: I'm back.
Last July I founded a new startup. Today I'm sharing it with the world.
It's called Hampton: a highly vetted membership community for entrepreneurs, founders and CEOs.
Why launch a community? I'll explain + why it'll be huge biz.
Spanx was acquired this week for a reported $1.2b.
Sara Blakely didn't raise any money, had zero debt, and started the business with a few thousand in savings.
Amazing.
I LOVE boring non-Silicon Valley, family-owned businesses.
This one's a good one: ABC Supply, a roofing material business. 1 of the largest private companies in America with $10billion in revenue.
The founders are Ken, Diane Hendricks, worth $8 billion.
Here's there story 👇🏻
Lots of Americans vacationing in Europe say the same thing:
- I didn’t eat healthy (they normally eat healthy in USA)
- I ate a lot.
- I walked normal amounts.
And yet:
- they lose weight
- feel better (less full, less achy).
Any data on why?
And What about your…
There's a new-ish drug called semaglutide (brand name is Ozempic).
I've been reading studies on it. It's wild.
Results of study:
2000 people tested it. On average, they lost 15% of their bodyweight in 68 weeks. Non-addicting, little to no side effects.
This is wild.
Difference between America and other countries:
In America if you tell your buds you're quitting your job to start a business, a typical reply is:
"Congrats! So cool. You'll do great and I'm rooting for you!"
Americans default to optimism.
Not nearly as common elsewhere.
ANNOUNCEMENT:
Today I'm launching something that, if done poorly, will make me sound like such an entitled ass.
It's called MoneyWise, a podcast that reveals personal finances of high net worth people.
The topics being discussed...they can sound super dbag if done incorrectly.…
Talked to 2 different people who created amazing automations so they don't have to hire loads of employees.
1. A guy with a $1m/year 8 Airbnb properties. Lots of Zapier. Only has cleaners on staff.
2. A guy with a $25m/year financial news site. 13 employees. $17m/year profit.
My man
@dharmesh
had an interesting insight:
When Olympians are obsessed with training, we think how amazing. So dedicated! Inspiring!
But when people are obsessed with their work/job, people think how sad. You need a life! You need balance!
My boy Sid! He'll be 14 soon.
My goal has been to get him to 15, but I'm not sure we'll get him there :(.
He's been struggling lately and I have to carry him most places because his hips are giving out.
I got him when I was a junior in college. A drug dealer I knew went to…
I was just trapped in a snowstorm in a 2-bedroom apartment 72 hours with one of the most powerful venture capitalists in the world.
This person (
@andrewchen
) is a partner at Andreessen Horowitz
I asked them how to get rich through angel investing.
Here's what they told me...
Met a new friend: Isaac French. He's 25.
In 10 months he:
- built 7 a-frames on a 5 acre plot in Waco
- grew its insta to 37k followers
- $550k/year rev
- 95% occupancy, mostly direct
- Cash out refi + $400k (appraised for a lot)
Pretty amazing project:
THIS IS AMAZING.
The chat logs from when Zuck was buying Instagram.
Highlights:
Zuck: I can't get to $2b.
Systrom: $2b was my absolutely say yes number. I'll have to think on it.
Just 2 dudes negotiating the best $1 billion acquisition ever via Fb messenger.
My style.
BuiltWith is an amazing site that I use regularly.
But it's also an amazing business. 1 fulltime employee. $14m a year in revenue.
Can you name a business more efficient than that? Let's see em.
Brian Scalabrine, the self-labeled "worst player in the NBA", challenged anyone to play 1+1 against him.
A few young guys took him up on him. He smoked 'em all.
His point: “I’m closer to Lebron than you are to me.”
Pretty funny.
When launched they gave shares to the person who referred the most people to try the site.
Eric Martin won, spending $18k to buy online ads driving people to sign up for Jet using his referral link.
When sold for $3b, he made $20m
My current belief:
Working on 1 good business for 10 years will likely beat working on 10 decent things for 1 year each.
Focus is hard.
But I think working on 1 thing for a long time will create way more value than working on 10 things for short time.
What are the biggest businesses you know of that are owned 100% by 1 person.
Mine:
- Tilman Fertitta owns 100% of Landry's, which does over $1b in profit/year
- Dyson, the vacuums. $8 billion revenue
- Panda Express.$2b (i think)
what else?
If anyone out there thinks with high certainty that they can turn $300k into the next amazon, or even turn $300k into a company worth .005% of Amazon ($50m), please contact me. I will gladly invest.
Last week Netflix released a new WWII documentary.
Best piece of content I've consumed all year.
It didn't get lot of fanfare. You have to watch. So much footage and stories I've NEVER heard about (and I'm a 30-something dude...aka ww2 is my jam).
One of our early employees started as an intern.
He just announced he's leaving us to start a startup.
Already has raised $1.5m.
I'm so excited for him and will share.
This is the cool part about finding and betting on young, inexperienced people.
Super cool to see.
I have a lot of single friends who are babes ( men and women).
For thanksgiving, I’m gonna share them here ( with their permission).
Hope you’re hungry.
You're buying your end of the world car.
A vehicle that, sh*t goes down, you can use to escape.
Has to be under $100k, mostly stock, and can last 20 years.
What you getting?
My mother in law loves to sew.
A few years ago she asked me how to set up an online store.
She wanted to sell fancy throw pillows she was making.
I gave her very basic steps. Enough to get started (I don't know much about ecom).
A few weeks later she showed me her site. It…
I've got so many people in my circle who get some success then do a bunch of psychedelics to find meaning or inner peace.
My current thinking is this: if you're single/childless in your 30s/40s and constantly using psychedelics to find meaning, consider having kids.
12 years ago I read a blog post by
@noahkagan
.
It inspired my to start a conference biz, which made 6 figures personally when i was like 23.
Literally just copied him.
Obsessed over his blog , which inspired me to start The Hustle.
His work literally…
DoorDash's application video to YC. 2013.
Appears the company was a few months old, doing 400-500 deliveries a week and making $100k/year.
They're worth over $40 billion. WOW!
~2 years ago was the moment I felt like I had “made it.”
I woke up in a house with an attached garage in it, a pre-owned (new to
me) Volvo, and fridge with a bunch of Whole Foods groceries and a happy, healthy wife.
Everything on top of that, just icing on the cake.
I’m at war with STUFF.
Clutter. Crap. Stupid Amazon boxes and pointless plastic $4.99-on-sale-impulse-buy-TjMax shit that just takes up space.
The wasted energy kills me. A factory of workers in china makes this stuff. A boat takes it to America. Then vans drive my 2 AA…
I want the ultimate man novel.
I know that sounds a little homoerodic, but I don’t know a better way to say it.
A page turning, thrilling novel about man shit. Adventure, action, being a high integrity man.
A book every man should mean.
Gimme some guy shit novel ideas.
The book that made the biggest impact on my entrepreneurial career:
How to Get Rich by Felix Dennis.
Yes, the titles cringe.
But it has the best writing, information, perspective and stories for those who want to make $ via starting a business.
This is INSANE.
Sam Altman saying he owns 0% equity in OpenAI.
Surely there's something more to this story.
Otherwise,
@sama
is just a very, VERY unique person.
Thinking of my dream home for a family:
- 5-10 acres
- 3500-4000 sq ft
- Guest house for visitors
- Warehouse style building to collect toys and build sports stuff/activites for kids
- Within 60 minutes of a city
-Pool
What else am I missing?Anyone have this home and love it?
A big regret: not learning how to code+learn SOME type of technical stuff so I can make what I want.
I can’t even use Wordpress. Have to draw what I want then get others to do it.
People say you don’t need to know how to code. You don’t. But it’d be a lot easier if I did!
Wow.
@Calendly
bootstrapped itself to $70m ARR. worth over $1b.
Amazing founder story. Nigerian immigrant based out of Georgia.
The 🇺🇸 dream is real.
@TopeAwotona
So Twitter giving payments to creators.
Isn't that what all the web3 people were wanting to do?
Seems like Twitter did it without any of the web3 mumbo jumbo.
Or am I looking at this wrong?
Hey so this murph time by Zuck.
He said he did it in 39 minutes. That’s a world class time.
It’s causing too much controversy.
We need to see this on film.
Someone. Anyone. Please. Make him film it.
Show me 1000 people who've had outsized success in any field.
Sports, business, authors, art, music, politics. Whatever.
How many worked only 40 hours a week/put in normal hours when they were up and coming?
Few, I'd bet.
Last month someone did the kindest thing ever to me.
This story shows how kind strangers are...
Last month I had kidney stones. I passed them at the hospital. Still, I felt sick.
I told the docs. They said eh, it's just part of the kidney stones. Still, it felt diff...
I'M HIRING A RESEARCH ASSISTANT FOR MY FIRST MILLION.
- You'll get paid to research businesses and ideas for the pod
- You'll talk to cool people
- Maybe you'll get mentioned on the pod, and your life will be changed.
Apply:
Ania (Hampton member) is on track to build a 1 employee, $10m/year business.
Her numbers are crazy.
- Rootd: app for panic attacks
- Outsourced dev
- 2m users, 37k app reviews
- 7-figures in recurring revenue
- No full time employees
WILD
I sold The Hustle's first ads. About $100k worth.
Here's the 1st cold email I sent that got a sale. It was Wealthfront.
Maybe sent emails to 20 diff brands, 5-8 showed interest.
We had 93,535 subscribers. I charged them $26 per 1,000 sends.
Any new project I start: try to get some type of sale or user ASAP.
Like, within 5 days.
Why: momentum is addicting.
No branding, often no website, no LLC, often no product.
Just cold email + phone/zoom + a stripe or gumroad or an easy link to to collect $.