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My First MillionLife & Business Advice For People In Their 20s - My First Million Q&A
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WHAT IT’S REALLY ABOUT
Sam and Shaan Answer Listener Questions on Business, Twitter, and Regrets
- Sam Parr says he dislikes the 'start again from zero' question and would repeat the same newsletter playbook, while Shaan Puri argues that people asking such questions are consuming advice instead of acting, using a cooking-eggs analogy.
- Both hosts say the traits they want in business partners are integrity, energy and intelligence, and Sam adds emotional stability, with Shaan ranking energy as the most overlooked.
- On Twitter growth, Sam says the key is mining the interesting experiences already in someone's life, as with the hockey player Chris Pronger, while Shaan adds the 'curious novice' path and the first-last-best-worst exercise for finding content ideas.
- Sam advises a lawyer not to leave a job if they need someone else to motivate them, and the hosts discuss how hard founders should work and how Shaan built skills at night during his years at Bebo.
- The episode ends on regrets: Sam wishes he had taken school and sports more seriously, Shaan's regrets are small lapses in integrity, and he closes with his story of grabbing Orlando Bloom's thumb.
IDEAS WORTH REMEMBERING
5 ideasConsuming advice is not the same as doing
Shaan uses the video of a man cooking an egg to argue that watching threads and podcasts gives a false sense of skill. He says people should try things, make mistakes, and then use content for just-in-time tweaks.
Look for energy, integrity and intelligence in partners
Shaan cites Buffett and Naval for the trio and says energy is the one people overlook. Sam adds emotional stability and says any lie, even over small things, is game over for him.
Know your own flaws when picking a partner
Shaan references the School of Life idea that everyone is a bit crazy and you need to find someone compatible with your version of it. Sam says his calm partners balance his higher energy and moodiness.
Your ordinary experience is interesting to others
Sam says what seems boring to you, such as how escrow works in the NHL, is unknown to most people. Shaan's first-last-best-worst exercise helps surface these stories.
Being a curious beginner is a valid content path
Shaan says people can either be a generous expert or a curious novice documenting what they learn. He thinks the beginner path is underestimated.
WORDS WORTH SAVING
5 quotesDon't be the dude who just watches the video of cooking eggs. Like, go crack some eggs, make a bunch of mistakes, and then come back to Twitter and podcasts like this for your just in time learning to, like, just give you a tweak on the thing you're actually doing.
— Shaan Puri
Find a way for money to be the byproduct, like the exhaust coming out the chimney of that factory of interestingness.
— Shaan Puri
If you're someone that needs another person to give you motivation to bail, you shouldn't bail.
— Sam Parr
You have to realize that, like, what seems boring to you isn't boring to most other people.
— Sam Parr
I think building a business is, like, my art, and I like doing it from the ground level.
— Sam Parr
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SPEAKERS
Sam Parr
hostCo-host of the My First Million podcast and entrepreneur best known for founding The Hustle media company.
Shaan Puri
hostCo-host of the My First Million podcast and entrepreneur/investor known for audience-building and startup investing.
High quality AI-generated summary created from speaker-labeled transcript.
