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My First MillionMy First Million

How I Sold My Company To PayPal For $800 Million | Bryan Johnson (#388)

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - Episode 388: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Bryan Johnson (https://twitter.com/bryan_johnson) about starting Braintree - which he sold for hundreds of millions - and is his current businesses as Founder/CEO of Kernel and his own personal project Blueprint, where he's working to reduce his biological age. — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch ----- Links: * Braintree - https://www.braintreepayments.com * Kernel - https://www.kernel.com * Blueprint - https://blueprint.bryanjohnson.co 📧: Sign up for The Hustle Daily Newsletter: https://mfmpod.link/afg 🎙️: Download Our Podcast: https://link.chtbl.com/09efDXDZ 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. ------ Show Notes: (00:00) - Intro (02:41) - Background starting w/Braintree (15:28) - Financial plans and life changes (21:33) - Where do you put your money (27:27) - What does Kernel do (34:55) - Blueprint blog (01:01:11) - Ideas that others could do ------ For more quality videos subscribe here ➡https://www.youtube.com/channel/UCyaN6mg5u8Cjy2ZI4ikWaug?sub_confirmation=1 🔔 Turn on notifications to stay updated with new uploads #shorts #youtubeshorts Like || Share || Subscribe

Sam ParrhostBryan JohnsonguestShaan Purihost
Nov 22, 20221h 10mWatch on YouTube ↗

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At a glance

WHAT IT’S REALLY ABOUT

Bryan Johnson on Braintree, Wealth, Kernel, and Blueprint's Data-Driven Longevity

  1. Johnson explains how he went from a farm-raised door-to-door credit card salesman to bootstrapping Braintree, using early commission income to fund engineers building a solution for OpenTable.
  2. He sold Braintree and Venmo for $800 million at age 34, netting about $300 million, a target he had mapped out in a spreadsheet at 21, and says wealth changed his relationships more than he expected.
  3. After the sale he put money into a science-focused venture fund and founded Kernel, a light-based neural imaging helmet meant to make brain measurement routine.
  4. Blueprint, his project to slow and reverse biological aging, rests on removing his conscious mind's authority over eating and relying on measured data from a home clinic with a large specialist team.
  5. He argues the deeper issue is goal alignment and cooperation, within the self, between people, with the planet, and with AI, and says it is the problem most worth working on.

IDEAS WORTH REMEMBERING

5 ideas

Understanding the system beats sales tactics

Johnson says his door-to-door success came from deconstructing how payments worked and then offering honesty, transparency, and reliability in a market full of deception, not from high-pressure selling.

He refused to trade time for money

Johnson says he preferred to work for zero for an indefinite period for the chance of far more, and he made no real money until about age 34.

Wealth transforms relationships

Johnson says money alters power dynamics and expectations, illustrated by a secondhand Larry Bird story, and he wishes someone had advised him on it.

Money's value is the time it buys

Among his three pointers on wealth, Johnson says money should be used to solve fundamental problems of time rather than to acquire frivolous things, and that one should keep an identity independent of it.

Entrepreneurs should favor liquidity

Johnson says that looking back, his advice would be that entrepreneurs should keep cash and avoid illiquid investments, since he sometimes badly needed cash in recent years.

WORDS WORTH SAVING

5 quotes

Money is not a resource that is valuable for necessarily for the things it allows you to acquire. It is most valuable for the time it creates, that you can solve problems with money.

— Bryan Johnson

Trying to win this game with willpower is a losing game. If you put yourself in a situation where you have option A and option B, you're probably going to lose 50% of the time or more.

— Bryan Johnson

Fire the worst version of yourself to get that muscle to build. Set very clear boundaries, and then you can refine.

— Bryan Johnson

It doesn't do anyone any good to debate is carnivore better than vegan. It's a meaningless conversation. Data is the only thing that matters.

— Bryan Johnson

I was not willing to trade my time for money. I wanted to say, I am willing to take zero for an indefinite period of time in exchange for the opportunity to make a whole lot more.

— Bryan Johnson

Bootstrapping BraintreeDoor-to-door sales lessonsLife after a $300M exitDeep-tech venture fundKernel brain measurementBlueprint and biological agingGoal alignment and cooperation

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