Brains: Talking Money with Anthony Pompliano and Sam Parr
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What's up, everybody? This is courtlandt andy hackers that com and you're listening to the indie hackers podcast. There's actually no new epsom of the podcast this week because last week, instead of recording an episode, I decided to go camping in the middle of desert.

What i'm going to do instead is feature an episode of my other show. It's called brains. It's got a four person format. It's always me, my friend, Julian interpreter, you probably heard on the show before, and two of the most interesting guests that we can find.

The topics start to always relevant to ni hackers, but if you guys like the show, I will try to cross post episodes and to the hack age pocket feed when they are. So whether you like to show or not tweet me, let me know i'm actually asylum twitter. And if you do like to show, search for brains and your favorite cast player and subscribe.

Hey, this is the brain's podd cast.

I'm jillian superior and i'm courtland Allen. Today we're talking money with a couple of friends, Anthony pipino and sam par. Both of these guys have a massed substantial fortune at a Young and the multiple tens, if not hundreds of millions of dollars. This conversation is not financial advice, especially not for the average person. Rather our goals get into the minds of a couple of rich hao to share some strong opinions about how we make and manage our money to have some fun while we're at IT.

I think i'm the only one or no pump you're married. Uh I married a woman that is also uh, getting after IT the .

voice is listening to belongs to sam par .

and that is one of the best secrets ever because when I didn't have a lot of cash SHE did or at least more than I did yeah .

i'm remembering correctly ly SHE made a ton of money off of the airbnb .

IPO right yeah and he also um like had a much higher salary than me for a long time.

Really hate me for asking. This was the print up situation.

like a nothing, no print up to to quote, to quote R A goal. I'll kill my White before I get a divorce. No, we I didn't get one. You didn't get a premium pump.

Everyone was a conversation.

was a conversation for me either are you catholic?

Uh, I grew up, uh, going to cathode church. The voice listening .

to belongs to Anthony pumped ono .

but IT wasn't. I'm been a churche too long do blood in blood out if .

you're in your end and I was for his cathos as well. And like the the idea of divorce I didn't even have that IT wasn't even the conversation.

This is fascinating to me because I would one hundred percent get a print up if I really get IT married.

Somebody once told me, somebody once told me he was married and does never print up. They said the, uh, they're very, very like nine figures wealthy and they were like, yeah, you know, I have like a fifty plus million dollar a stupidity tax on the way out if I do something stupid so like, you know, like most like he had IT like and IT was a weird way from to say IT but like he said IT just like, okay, maybe just still get divorce because you love your wife but sure.

maybe it's like a way to keep you honest. Well, look.

that was in my reason all of us say.

no, I don't know. I didn't because I didn't even think about like many experts would say that i'm i'm foolish for not doing IT um getting a print up really like maybe we had the conversation but I was like not even that was like, hey, I don't want IT was like I don't want to get to .

print up to you there's also an element, I think, uh, what's the J Z line? What's Better than one billion air? Two of like if you wear the right person who who says that you're you're gonna that's going to be given shit up, right? Like I I don't know. There's just like very, very weird dynamic to IT. So I know time to change when you buy.

So you invested in ninety percent, you're network. There's something pop in a bit or something like that ah like that you're very public about IT. Did you ask your lady about IT? We're like a you are you are bored with this.

So there's like three pieces to IT. A lot of people at I may maybe as many people north, but uh, when somebody says they have that bunch of their network in bitcoin or cyp do, it's like or I bought really early and it's just like gauge and now it's like this huge peace. Uh, that was not me like I, you know, in twenty sixteen was first ever did anything.

I thought I miss the whole thing uh in twenty eighteen is when I made the first I really big move I put fifty percent of my network uh in the bitcoin in december of twenty eighteen um and there is stuff like a conversation but we were just dating at the time and I was more so like, hey, i'm Better this is like really crazy thing you know like, let's see what happens here's my logic no more so like, do you think i'm mah crazy as I probably think I am but i'm still gonna do IT more so than like, you know are you call with this um but in march of twenty twenty um we were like a month away from getting married and I was like, right they're gonna just print money until they can't like like the print right go all in and i'm ics to everything and so we had a conversation about IT. But the funny part was there was march twelve of twenty twenty, bitcoin fell fifty percent a single day. And when I get IT felt like twenty percent the morning else, I got nice, bought some that I felt like, you know, another bit as a nice, bought more when I got down my ground four thousand thousand fuck can crown up on the couch a little bitch and like mad, I am Better watch this thing go to zero before know? Like, yeah, I mean, like extreme volatility.

And he looked at me, he says, what do you mean? Like you're all already like, buy more. Like, okay.

yeah.

Like nothing. Like just get like tempted by you. You're feel, say of like, like how much do you believe? So I tell all time, like, you know and who knows what I would have done? SHE had to been there, but I bought more and was a great decision given the fact is that and fifty thousand dollars today.

I whenever we make decisions, I I I like if it's like a fairly big decision, I like discuss IT with sera and it's mostly it's kind of the same thing. She's actually probably more aggressive than I am. I don't I don't i'm not in your world pump.

I don't know much about crypt du, but she's like let's buy uh antil sila number and I think it's a fair amount. And like for example, when a theory um was like a thousand and that could pie like a hundred fifty thousand dollars worth and i'm like, that's nuts and she's like, just do IT and we did IT and it's right. I don't know what IT is today, but it's up and and she's like, we should have done more. I wanted to do more and I didn't listen to her and SHE SHE was right.

Would you ever turn one hundred percent of your portfolio over to a tear, right?

I would I would definitely because yeah, I think I would would of course you were right.

Yeah I I what I think I would do is I would, um I would turn IT over, but I would do the same role that he plays for me like I would play for her which is almost like i'm convinced also like an individual regards of whatever bowsher history tells us, there's nobody who can manage a portfolio perfectly by themselves. They always have like some random person that could be like the old man down the street that sit on the park bench and that is like greatly talk to them. But there's always like something else that keeps you like emotionally grounded because we are just humans and we should come.

Well, there's the, there's the book. What's the called the man who solve the market, the run sign guy you .

have talked about, uh, a gm signs yeah in in the book .

there's A A story that he tells where the market drops for a bia lot and he called he had a financial adviser and he caught him and he goes sell l sell. And the financial guy goes to chill, relax and don't do this like this is just how the world works. You don't need to freak out. And he talked out of selling and IT worked out. And so even that I had had someone that that he refers to and know there the best had done in the world.

I think a big part of IT is just having a second person who's not in thrown by the narrative, like I get really stopped on a narrative. If the pitch was good as the deck was compelling, my friends have gone in. But if someone else sits next to me and they are like, I don't give you about any these prior factors, I was looking at this this deal and looks like crap IT really helps.

I cut through like a knife that goes a long way. Yeah, is being dismissive ate goes such a long way. I forget to what I think he was, David sax, who just had an speech or threat or something and he's like, I need to figure a way to invest or I don't even know the narratives anymore. They just give me the numbers, they give me the revenue growth rate or the traction from customer acquisition. Ah I know the time H I know a few other details and then i'll make up most of my decision of that.

But do you guys are you maybe you're different palm because you're you I mean, I know I don't know that my perception of you is the reality, but I perceive you as like doing a lot of like making a lot of decisions, but you guys actually make trades actively. Am I not really do anything other than like occasionally we bought cyp to and then I just like hub spy, airbnb and an index fine and .

that's IT yeah I don't trade at all and i'm a big believer in deep concentration um I just had a conversation with the Williams Green the guy wrote Richard wise are happier. And like one of the themes of that book is he talks all the best of vectors like, so how we stock to do you know like three know like what's stocks and like burger, health, wake, costco and you whatever you like what and then I get like that, like my whole thing.

You know, bill Miller is by seventy, seventy five percent of his network is in amazon, right? And this has been for like a long time. So I think concentration, a big peace.

But I think you your point like the this passionate piece is definitely effective, especially when you have a metrics based vertical like sas, right? The metric are the same in almost every business is very clear. You can almost like run them through a an algorithm to some degree that that can make the decisions.

I think where IT gets much harder is when elon shows up and like do i'm going to like launch rock? It's like landon, you're like 眉笔， right? Yeah and like he's probably not the first person to tell that story. We just know his story because he's the one who actually did IT yeah there's other guys who took much money from people and they never work. So I think SaaS is much more conducive to that type of investing verses consumer or anything else.

If you one came, tune was like i'm starting something not can tell you what IT is minimum investment, a million box. Would you just start the money in?

Yes, you would do. I would not. I think he's too cry. It's a no brain for me. I I can't I can't stand his volatility like I just can't IT freak me out that like if he's what if they would happen to tesla sock .

if he died crash? Well.

it's true. But also, what happens to tesla getting started if he doesn't step in? What happens to space x, like when I first started investing, every major mistake I made IT IT sounds actually a lot like sex, like, oh, my god, is amazing.

Like idea. Like this is going to be cool if I was running the business. This is what we do.

A B, C, D. And like A B, like the person not thinking they were going to do the same thing. And so they want to build like a different business or doing something different.

Now i'm just such a belief or that like if you bet on the right person, IT does not matter what else happens, they'll just have to figure that out um and you actually have to bet on like the really good, lucky and crazy people like basis is not he's just as not he just doesn't do IT on twitter but if he had a twitter county twitter every day we would be like, holy shit that got like he's setting dig picks right like I mean like but he's just as crazy is just that he he's got a Better P. R. T.

I guess the reason I would take the million dollars into mosque is because I know he wouldn't spend time starting a business unless was a really good idea. He's not going to waste this time. It's precious to him.

But they have been seen neural link space. Ex, maybe the boring company. I've seen all three of these companies, unlike like S P V S, have come my way like secondary opportunities and direct investment opportunities. Have you guys seen those? And would you ever would you go in .

on any other space sex? Um i've done a bunch of stuff in and around. Space sex over time are all secondary S P V type stuff.

If you just think of like the market opportunity, like what's the market uh of going to mars, I don't fuckyou know, but it's like a lot bigger than seventy six billion, right? And then the other piece of IT too like space is usually interesting because it's basically the A W S like tax on like the start up ecosystem where if you're going to create a business today, what do you do? You go spend up like aus server.

Yeah they have this whole like thing and is something just start up this like the whole tech industry right now, if you want to go to space like va, right? I mean, they talked about IT, uh, delhi an in the all those guys are going quit the space factories. They have to use space x rocket loaches like they little have attacks on anyone who wants to go do anything in space because they have the cheapest, uh, rocket to get there. Maybe that changes over time, but like that alone feels like that's like a trillion dollar you know type thing .

for anyone who Angel in best do you count like, uh, for your Carry and also for the actual your own money that you invest? If do you actually count your Angel investments as party your network?

Well now before we answer that question, um I have a like a google for that every month I track pink bounces you know cyp to places like all that self um I I should one if you guys do IT and then two if you do why I have a google shit .

and I use this APP called tiler. It's one hundred dollars a year and what he does is that pulls automatically puls, your bank bouncers and all you're like it's kind of like MIT in that IT like you know it's like plad or whatever is that attaches to everything. But then I just puts its strain .

to a google .

sheet pretty ate.

So you have like the google sheet and excel optionality of move and stuff around and doing calculations, but you don't actually because like you know, you have like probably ten I have like twenty accounts like A H A four one k this that thing I got a stupid shit and uh IT ultimately pulled all all in there and night track IT uh weekly on google sheet um yeah i've .

never since before this is actually pretty cool.

Um it's sick.

Yeah I did the same art.

Yeah yeah I worked for everything. So like my fidelity account, isn't there like anything that pad does IT can pull into so fidelity accounts you can do manual stuff um or any pretty much the most popular bank chase bank america, all that my former on case and there um and then what you can do is you can put you put or you can put like how many shares you because you can use google sheet to like equals finance and the stock ticker multiply by the amount shares that you have. And so IT makes IT super count everything interesting.

So I do the same thing. I don't have all the bells and whistles, les, that you have someone to be the next tillier customer. The good thing am, uh but the reason I do IT is like more directional, like I don't care what the numbers are right, is just like is this month higher than last month, okay, like we're had in the right direction.

Is the next month higher than, you know this month, right? Um because the some degree, like I would go crazy like trying to optimize them, like I would literally go nuts, right? I would like turning to do a game and next you know I would would be sleeping whatever. So it's like i've tried to convince myself that the number doesn't matter. Is just like is IT headed in .

the right direction. I think that's actually the where the where this all began. The reason I started doing investing adventure and encrypt is as a kid, I was never credit what making any money.

I really do not care. I wanted to be creative, fulfilled and have enough to be comfortable. And then when I came to silicon valley, I said no to being employed. Twenty one, it's lack. I said no to being an early employee stripe. I literally walked away from my web flow equity two months before because I just want to do other stuff, I didn't even bother a staff with Cliff and like two years after all that i'm like, fuck that was like one hundred million dollars more and I as I call, i'm going to learn from this.

You should um tell me where you want to quit next. That's right. That's right. That's right. So i'm a little different .

than you guys and that I don't do almost any budget geting. And here's why almost my entire next stag, like ninety nine point nine nine, whatever percent of my network is in stripe, stuck. And I can't sell IT because it's a private company. All I can do is just log in the share works or whatever and watch a go up every year, which i'm fine with because my future is taken care of. And beyond that, for the present, I just try to spend as much money as I possibly can to maximize my present happiness, to make sure that this year is a good one.

that this month is a good way. You, you don't do you budget? Pup.

no budgeting. That is much only from the sense of, like I may ever like a general idea, a and I would say that the one thing that Julian said that kind of back in the over on budgetary is like every time I make an investment, I literally say to myself, hey, i'm going to hand this money to my grandkids. What I mean by that is like like the bit coin like i'm never gonna use IT do anything like just IT was a poor investment. I just said I was like hand my grandkids, which like puts me at ease when IT comes to, uh, all the volatility they get litter, don't care what whatever do everyone good a dollar or more um but when he comes to budgeting, the only thing I care about is like, okay, i'm not eating into the cash that I have sitting there so that I could live for you a certain period of time without needing a more cash so that I never have actually tapped into the investments because I have that like such a long time horizon and I I forget what I was reading and um uh buffer whole thing is like never get a position where you're like the use sgp p to compounding yourself. We had to like your force to sell things um and so it's like funny how you know all this time was investing principles that people that we would try laugh at a little bit and but I got boomers understand technology like it's the same stuff right just now we're trading JPEG s on the internet versus buying cash following businesses.

okay. Question for all of you guys, what would you say are the smartest financial moves you've made in the past few years or that you're making right now?

Pmp actually just hit on something i'm trying to do right now. If I don't have the band weeth, you get very good at something or very knowledge. But like an asset class, i'm trying to find people to do IT for me and just charge Carry.

So i'm trying to find someone who actually, like I say, a twenty year old nf t nut who has their ear on twitter and discord and these and other telegram groups and I like, here's thirty grand, you'll get twenty percent Carry. Go do I trust you go buy a basket of an ef ties, do your thing. So i'm doing that.

I won't that friend. Nfs, which is the plan. I did that for crye pt to as well. I have one friend who knows all these weird long tail, all coins i've never heard of.

I'm going to spend time on this shit he does so my cool here's sixty grand go up on it's OK if you lose IT ah hopefully don't. So that's probably been the smartest thing of the lately stopped trying to be an expert in everything. The only thing I try to be an expert in is venture. Essentially.

I think that you guys are all on drugs are crazy like the idea of giving a rate up like percept with someone to do the N F T stuff for six six K I think that that is fucking nuts. Like I think that is euro drugs. I I like that's it's called vanguard.

Okay, it's called the vanguard total dex d just do that. Like I I think fourteen percent a year will well to quote pup, I don't do public math, but I think that five I think that that IT doubles IT doubles every five years, right? Because in half percent doubles every ten years. So I think that that's so like why don't you just instead of like doing that shit, why don't you just do this other thing?

So okay, i'm seeking anonymous. I'm seeking really high bike. You returns um and it's funny because we're weren't i'm in to check group of sam and sam podcast coho was like Young giving this like Young cool dude who knows his shit like twenty eight to go play around and sounds like are you dumb and so I remember I knew you. I knew this is coming, but that's only gonna happen in a situation where I think they could twenty x with a likely be .

doing that with adventure.

True, but the liquidity on crypto nf like to say is it's there. And on this ventures ship, like i'm not getting returns for ten years. I think it's .

a big piece of IT too. It's just like you have thirty, forty, maybe fifty years. Like one argument is sure compound at the fourteen percent. The other argument is that actually eight or nine percent real radar returns in cps at five point four percent and outside of the stock market, almost every other asset is a negative real rate return right bonds and just guess is the old thing. Um and so you could buy stocks for sure but other now what are you onna buy like there's not that much to buy, right? So bitcoins compounded annually yet two hundred percent for a decade.

Look for a day. Do that for a decade.

Same I look, i'm on board.

I'm on board. Pump, that's your game. That's what you've been studying enough for years and years and years yeah of course, I just say like how if you're if you're going to go hard on something, go hard on something. But I I think that is crazy when i've got friends, show is one of them. Shine is on my best friends and and i've said the time before, he goes hard on everything so like there's nothing that's safe or you know that i'm being i'm exaggerating a little bit, but like that in our little internet bubble and this little group chat win IT seems like everyone's going hard on everything and I just like like crazy.

Just what happens if you have a bunch of guys in the chat room talk about money?

Yeah but but it's but it's also structural, right? Like like they basically have flooded the market with cash. They being uh the fed, the treasury, the uh, fiscal policy, like all that stuff they fled the market with cheap capital industries in zero here, true into dollars they print.

And what they essentially have done as theyve arbed out all of the traditional returns like sixty forty portfolio for decades was the you know pristine this is what you're supposed to do. You literally are losing money on forty percent report four if you do that today, right? And so it's like completely push people out on the risk curve and then all of a sudden you overlay that with stocks are up thirty percent.

And like you've got a twenty five year old brother, he literally like, do there's not a kid I knows put a dollar or anything. So I think tenets in a year and like that's crazy to the legacy investors. And then I ask him, like how many of them are doing IT? He's like all of them. And like that party ends at some point but like, you know, they just bought either they bought bit corner, they bought A N F T or they bought, you know, one of my brothers bought roku stock and I went up ten nex and these like brain about IT and people damn on saying ten x baby shit, what world are we living in right it's like this is not Normal. But well.

because we're reading stories of the craziest to people but but I will say crazy people IT often seems are the ones who have like crazy returns. Um I and so i'm just not waiting for crazy returns with everything.

How do you guys think of cash positions uh in terms like percentage of either network or a portfolio? Do you have like a hey, I try to target five percent cash or ten percent or two percent. Like is there a framework that you use to think of, like actual liquid U S dollar cash? Not, hey, I S M P, I could sell up like actual cash I have.

I just looked, i've got two and sixty seven thousand dollars in a checking account right now. That's how much cash I cave and and that's over two years of expenses, and that's all your cash altogether. Well, a lot of some people will call bonds like cash.

I I can click a button and I can get a whole, but I currently have two hundred and sixty seven. I just liked going to my trace account. We don't have a savings account.

We just use a checking account. And then we spend all our stuff on credit card, mostly in credit card and two and fifty thousand dollars. And so that's that's what we have.

The idea that checking and savings is different in today's environment is like looking like you're checking in your savings is the same. So I did exact same thing like there's no savings account like that. I think that whole idea is like pretty much left for na generation. Yeah.

I was actually just in atlanta visiting some friends and I saw a some family, but I was there, my mom and other people for my parents generation and they give like very antiquated financial advice. They're talking about going to college and getting a really good stable job and saving up to buy home. And they're celebrating like penny penny essentially. And of course, like none of them are rich. And when I talk to my friends in silicon valley, many of whom were fabulously wealthy, they're talking about compounding your money and investing or owning in a piece of a business and know most of them are not buying homes, are renting and it's just a completely different .

can ask a question or quit. Do they all share that knowledge with each other?

Ah you, my mom, your mom and their friends .

all like to share back and forth. And are they all like fifty plus zero order early six. So my theory is that IT was actually very sound financial advice. Fifty six years old like their parents could save their way to financial security and they probably did right over the lifetime. Uh also like buying a house was a great idea.

I call these things today that advice actually is bad and it's like the the um where they call like the folklore right or like the thing that like it's passed down from generation generation. They're just tell you like what their parents told them. And I was actually good advice then. Now you know as know as you looked to like it's really, really hard to do that, I guess.

But the advice poem you are mentioning, like the folk lore, I think putting people, putting themselves in debt is it's like inductions ated. Like our parents still telling us we should go to college. Obviously their cheaper calls alternative.

I would do that count. You're totally wrong because dude getting going like I kit I I love this what people say that everything you said, yeah I agree with you, but that at the point you go to college for probably two or three reasons. But if you if you can go to school at the top twenty university and you have to go go into one hundred percent of death, which is how much as stamford cost, I don't even know.

Thousand dollars years, seven thousand dollars years of four. So you get, let's say, three hundred thousand dollars at four years of that, one hundred percent worth IT debt graduating with debt from a to p 2， graduating with debt from a top university. One hundred percent worth IT graduating from debt when they not top twenty university. Not worth IT at all. Do have you ever met someone who went to pen or harvard .

courtland and I want and I I disagree with you, I don't think for is coming into .

A I G completely yeah good.

Having IT on your resume, you will get an interview like I get IT. I'll one here is a little bit out of the ordinary but for the average, if you can get M, I, T, and you have to go in death as a no brainer, you always take that. But are you Better, are you Better .

getting accepted them than just dropping out and saying you're MIT drop out and not getting the debt and just saying that you're the drop out?

Yes, if you want to be like homes with Peter till, yes, or if you want to go start a company, if you just want to go work at facebook and make a quarter of million dollars year and rest, invest in chill and have a and go to play soup out four o clock on on the weekend yes I say IT get the degree um it's definitely worth the dead. It's definitely worth like meeting like some senators like sun or something like that.

It's worth like the crew that it's like it's worth going and like you go like, do you know this facebook ever recruit from belmont university, where I went, where I cost fifteen thousand dollars here? Not a chance. I even know what facebook was.

I thought, why do they need five thousand dollars? Five people around the website or like the web people, but they're outside of pen. So vacancy so is golbin if you want to get paid when you're twenty one years old graduate with that and if you go to a top twenty university, there should be that .

the t that's the quote i'll give you this episode is to .

graduate with that same part total, I think really more ambitious people to get into these universities in the first place. And if you're one of these people like you don't need the debt, like you could just go get one of these jobs if you don't need two thousand eleven and dead.

okay, it's very much, very much a job by job thing. If you if you starting start up.

you don't have how many people to do that. Can we can sit around like a circle and just nippon first time, like we have to be like constructive. The average show should definitely go, if they can, to atop twenty universe, totally worth IT.

Also where else you can get online on youtube doing drugs, getting drunk with your friends, like other amazing stuff, trying on different personalities. I think it's totally worth IT if you can get into a top university. And my crazy, but the only one here thinks this.

okay. I've got four good things that I got from color. Number one, I got twenty plus close friends that i'm going to have for the rest of my life.

I'm always going to be friends with them, and they're always going to be friends with each other. And that's awesome. Number two, because I was at mt, I met a couple of really smart people who pushed me to do ambitious things.

They're OK. You can start that start up, and I never would have done otherwise. Number three, I got a degree that makes people think that i'm smart before they've even met me. And the number four, IT changed myself image from lazy to hard working because IT would have been so embarrassing to get kicked, that of MIT, that I had no other choice in the works, super hard and graduate. And by the end of that, I actually was just a hard work.

So how could you tell me that M I T with that way, get you get follows .

either for me because I barely had like ten thousand dollars in the student loans after we work.

If I was two hundred fifty thousand and I the pump do you know you don't see you you're not going to tell your kids that I make get no harvard, they're going.

there's a zero percent chance side send dom but I ve a very I have a very very, very different reason for not wanting to send uh, send them has nothing to do with the education and has nothing to do with a the dead. I don't think you can be an independent thinker and go to stanford mmt, harvard extra. Like I think there's something um conformist at this point of like going I don't think that was true ten fifteen years ago.

Like IT was very kind of aspirational and IT was hard to get into eh. I think I just become this game of, like the person who is willing to jump through all the hoops they get in. But like, are you really gonna be like a first principles independent thinker going there? I don't know.

I didn't go, so I can't like fully comment right. But it's like, you like doctors, I may look, well, doctors, I know there are some professions for sure you're gonna have to. So go to college.

And that's my point, which is most smart people. They want to get a really good paying job. They want to get off work at four thirty or five.

They want to have three kids and they want like a pretty nice easy life. And that's wonderful if you could. And if that is the case and you could just jump to the hoops, I say, do that if that's what you want.

And I think that's what most people want. I don't think most people want to do this really risky shit. And if you do want to do that risky shit, then just bail and get to IT right away.

I think you're saying, okay. So going back to the F, U. Were starting from ten thousand boxes, something I know, you know where this is going. And you had a year to turn IT into millions of what would be your play and you're willing to lose IT all obviously something in cyp.

T no, I I would I would leverage IT into building a business its way ier to drive millions of dollars of revenue in the first year of business. I think they return ten k into a couple million dollars. Investment standpoint, I think basically had to pick wonder if not the best investment of a single year. Um it's possible, but I think it's be much easier to drive a million dollars in revenue for a business then uh the picket investment that can do that.

What would you start?

I mean is going sound super dub the people who are come from A A different mindset maybe but like a million dollars in a year, I really don't think is that crazy for like you could go wash cars. You have to work your ass off, right? But like you just start doing the mass home. My cars can washing the day. Now I work six week, like you can just back into, like you can make a million bux washing cars.

Know what I would do? I would take the ten K I would buy a few courses, like teach myself introductory engineering, teach myself marketing, whatever. That's where the money would go. Then I would go talk to a bunch of investors in tech and say, who were the fastest growing startups like consensus rocketships, like early days of strike. I would go join them, uh, use that knowledges has gained from these courses, get some entry level position, get my equity.

And that's what I would do but only me be very clear though not jump and join a start up, join like stripe and was like a hundred fifty people where it's it's taking off um but also unbiased because I failed to do that and I wish I had so it's kind of weren't going yeah to be honest. Coron, what would do you do? Or corn? Corn did exactly this. He sold to start up to strike. I don't know if you report how much you have in stripe .

down and sorting a company easy and and I started one and sold after nine month, but I had seven years e startups before that. But I would still doing what pump is saying. I would take that ten grand, and I would invested in myself.

I would rather start my own business and invest in somebody else business. And then I would just do something that focus entirely on hustle, rather than trying to be too clever or too smart. So for example, I taught to the founders of retool. They ever doing something like five hundred thousand dollars in revenue after a year or two were just the founders. And they only have like twenty customers because they housel so hard that every single conversation, they just raise their Prices and raise their Prices until their average customers paying them like twenty five grand a year. So I would find something where I could do that was sales, something where that the average revenue per customers super high, like something like started up recruit, like i'm going to go out and i'm going to be the best person on earth at helping start higher engineers. And I want to charge back and I want to make a million after a couple years.

So there's an important point you're making their wishes. You're choosing an idea where the products market are the risk. You're saying what is something people already buying, where my edge is, the ability to hostile and that resent with me. I agree with that as opposed to starting some fancy for you know metaverse company where you're like.

who knows of this? If I was twenty one years old, thousand dollars. I think I could pretty much crush IT by going on yelp, seeing which but like which category of service had the most amount reviews but some of the lowest ratings. Um I would just start something like that like I think that you could like I pay someone there to eighty dollars an hour and then maybe fifty dollars hour just to do power washing at my house. So I like I think that you can pretty much crush IT doing something like that and then hire someone for twenty dollars an hour and then build out for fifty dollars an hour.

Something like that, I think, pretty reminds. I knew a guy when I was a teenager who would radio bitch wearies and then go to the houses of people who died like their families and say, hey, you want me to repaint the room to kind of get the bad mojo away.

To the other day, I had to cancel a ticket. In order to cancel a ticket, one of the ways that much it'll give you their money back is if you have a death in the family and they need to know bitch wary and like, what's a no bitchy wary?

I mean, just like a picture with someone, just like some words typed up and like you just admit, you could just submit that in order to get you're a refund because that sound like they're going to like check to see. So you could just hypothetically, you could just make a bit or the second thing that you could do, it's just finds like you go to obituary that com and like I know a bitter like ten dollars, like if you really wanted to. Or the second thing that you could do, it's just find someone with your last name that's died recently.

sry killing fake people do.

It's crazy. I wanted to cancel and take IT to italy for like in two weeks and like the government shutting down and i'm like, hey, let me just like get a refund and i'll buy a ticket later and they're like, what you can what are the loo oppos here? Like, just tell me how I get this. And like, well, of someone died recently.

there are all these enterprise companies, like airlines have all these database of intel on their customers. And a bunch of them think sam has like twelve dead brothers. They have a totally wrong picture of europe. Social of your family life.

IT is IT. IT was nonsense. Like the the E.

U. Said, we, we encourage you not to travel here. I got, I got a kordan. Jillian, thank you.

Thanks to times. If you would like to learn more about Anthony pipino and sam par, you can follow them on twitter, at a pupil to and at the sap. Also, if you like the show, search for brains and your favorite podcast player and subscribed.