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My First MillionMy First Million

Investigating The Profitable Business Of Public Speaking

Shaan Puri and Sam Parr talk about how much money famous people make from giving speeches, an update on Sarah Moore, the owner of EggCarton.com, and more.

Sam ParrhostShaan Purihost
Jul 26, 202238mWatch on YouTube

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At a glance

WHAT IT’S REALLY ABOUT

How paid speaking works: fees, bureaus, and a niche acquisition story

  1. Sam Parr and Shaan Puri explore the economics of paid public speaking, anchoring the discussion with rumored seven-figure per-speech rates for Barack Obama and Oprah.
  2. They compare real-world fee examples and structures—from paying Casey Neistat $25,000 plus a private flight to hearing that Gary Vaynerchuk asks for $100,000 or equivalent book purchases.
  3. Shaan Puri argues some people use books and bestseller positioning primarily to raise speaking fees, while also describing an earnest motivation: getting paid to be “professionally curious.”
  4. They discuss speaker bureaus as a scalable middleman business, citing Washington Speakers Bureau’s reported revenue growth to $150 million in 2017 and proposing a similar model for creators and podcasters.
  5. The episode ends with an update on EggCartons.com via Sarah Moore’s emailed Q&A, detailing her unconventional search process, debt-heavy acquisition structure, and the company’s broader “specialty packaging” identity beyond eggs.

IDEAS WORTH REMEMBERING

5 ideas

Top-tier public speaking can command seven-figure fees.

They cite rumored rates around $1M+ per speech for Barack Obama and around $1M for Oprah, framing it as the top end of the speaking market for globally recognized figures.

Speaking fees vary widely, and “pricing” can include non-cash terms or bundled requirements.

Sam Parr shares what he paid or heard quoted in different contexts: $25,000 plus a ~$6,000 one-way private flight for Casey Neistat at HustleCon, an asking price of $100,000 from Gary Vaynerchuk (or a requirement to buy $100,000 worth of books), and an implied ~$150,000 fee for Ashton Kutcher at an event he attended.

Some people treat books as marketing assets to unlock higher-paid speaking gigs.

Shaan Puri recounts meeting someone who said writing a book is often a way to raise speaking fees, including paying to climb bestseller charts to gain labels that increase perceived credibility and rates.

Public speaking sits on a spectrum between genuine expertise-sharing and performative “guru” incentives.

Shaan frames a generous interpretation of the circuit as people trying to get paid to be “professionally curious,” while also acknowledging a skeptical view where it becomes “motivational speaker” guru behavior.

Speaker-bureau middlemen can be large businesses by aggregating supply and demand.

They describe speaker bureaus as middleman agencies that aggregate demand for a roster of speakers, with Sam citing Washington Speakers Bureau revenue growth from $15M (around acquisition era) to $150M in 2017.

WORDS WORTH SAVING

5 quotes

Obama is not gonna get out of bed for less than a million.

— Sam Parr

Just don't say anything, dude. Don't talk to anyone. That's like the only motto is do a podcast with your friend and speak to nobody else. That's the only way to win.

— Shaan Puri

Life, the meaning of life is to just avoid those exact moments that we're talking about.

— Shaan Puri

I had over 50 unpaid interns come from Craigslist, and I had them sift through over 400,000 private companies for a year and a half before I found EggCartons.com.

— Shaan Puri

At one point, I took a photo of myself wearing a sweatshirt that said, 'I wanna buy your business,' with a massive grin, and I faxed it out to thousands of businesses a day.

— Shaan Puri

Read the available transcript
Obama and Oprah speaking-fee rumorsSpeaker fee examples (Casey Neistat, Gary Vaynerchuk, Ashton Kutcher)Using books/bestseller status to raise speaking rates“Professionally curious” vs guru incentivesSpeaker bureaus and Washington Speakers Bureau revenueCreator/Twitter/podcaster speaker management ideaEggCartons.com acquisition tactics and financing structure

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SPEAKERS

  • Sam Parr

    host

    Co-host of My First Million and entrepreneur known for founding The Hustle and HustleCon.

  • Shaan Puri

    host

    Co-host of My First Million and entrepreneur/investor (went to Duke, formerly with Twitch).

High quality AI-generated summary created from speaker-labeled transcript.

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