My First Million
How I Reverse Engineered A $100 Million Exit - Jason Lemkin
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
Tap timecodes to jump
Episode 571: Sam Parr (https://twitter.com/theSamParr) talks to Jason Lemkin (https://twitter.com/jasonlk ) talk about the 7 rules of building a $100M business.
Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5
—
Show Notes:
() Jason Lemkin’s first million
() The rules of getting to a 9-figure exit
() Rule 1: New minimum is $400K per employee
() Rule 2: Go multi-product
() Rule 3: Your second product must be bigger than your first product
() Cheat code: Double your prices
() Rule 4: 30% of your revenue is international
() Rule 5: Localize your product
() Cheat code: Remove friction
() Rule 6: 100% net revenue retention
() Business models that won’t get you there
() $100M conferences
() Rule 7: Don’t raise double digit millions
—
Links:
• Saastr - https://www.saastr.com/
• HLTH - https://www.hlth.com/
—
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
—
Check Out Shaan's Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
This episode is not processed yet. Sign in to queue the transcript and make it useful for search and Q&A.
Sign in to queue transcript (1 credit)
Free to start
Skim the episode first,
Skim the episode first,
then decide if it is worth listening.
Sign up with Google in one click. 10 transcript credits included. No card needed.
Google sign-in · No credit card · 10 free transcript credits