My First Million
How a $200 Doorbell Became a $4B Business
Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.
Show Notes
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Get the cheat sheet: Jamie's 5 steps to build a $1B product from a $200 idea: https://clickhubspot.com/ajn
Episode 768: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Ring founder Jamie Siminoff ( https://x.com/JamieSiminoff ) about the wild story of building and selling Ring–plus business ideas he thinks someone should go after.
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Show Notes:
() Intro
() Selling Ring for $1.15B
() Getting sued by ADT
() Working with Jeff Bezos
() $400M to $4B
() Getting the wire
() Money v freedom
() Rule 1: Start with the problem
() Rule 2: Little solution, massive market
() Idea: Modern bug control ($5-10B idea)
() Rule 3: The snowball approach
() Ding Dong and other must reads
() The Tom Brady philosophy on hiring
() The too hard pile
() Stickwithitness
() Last mile marketing
() Rebuilding a town
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Links:
• Ding Dong - https://tinyurl.com/3zrsjete
• Ring - https://ring.com/
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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
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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
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano //
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