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
Transcript not yet processed.
Sign in to unlock (1 credit)
Free to start
Full transcripts, AI insights,
Full transcripts, AI insights,
episode chat — free.
Sign up with Google in one click. 10 unlock credits included. No card needed.
Google sign-in · No credit card · Cancel anytime