I Sold A Company For $800M At 29... What I’m Doing Now (
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- čas přidán 16. 07. 2024
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Episode 470: Shaan Puri ( / shaanvp ) and Sam Parr ( / thesamparr ) talk to entrepreneur Jack Smith ( / _jacksmith ) about selling his company for $800 million, how he's choosing to raise his child, his latest business idea, and more.
Check Out Shaan's Stuff:
* Try Shepherd Out - www.supportshepherd.com/
* Shaan's Personal Assistant System - shaanpuri.com/remoteassistant
* Power Writing Course - maven.com/generalist/writing
* Daily Newsletter - www.shaanpuri.com/
Check Out Sam's Stuff:
* Hampton - www.joinhampton.com/
* Ideation Bootcamp - www.ideationbootcamp.co/
* Copy That - copythat.com/
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Show Notes:
(00:00) - Intro
(02:50) - Jack's first company
(07:26) - Early Retirement
(16:31) - Business Ideas: Nomad Capitalist
(24:30) - RTFM
(32:21) - Why You Should Hack the Apple Vision Pro
(38:25) - Law of Attraction
(01:02:32) - Baby stuff
(01:15:14) - Unschooling
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Links:
* Don't Tell Me I Can't: An Ambitious Homeschooler's Journey - a.co/d/fDODue2
* Nomad Capitalist - nomadcapitalist.com/
* Practical Law of Attraction - a.co/d/aqPqmjY
* Portugal Nature Getaway - www.portugalnaturegetaway.com/
* Tweet thread of Jack's favorite products - / 1451641785671815168
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A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us.
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jack is the best. still remember how i cold-outreached to him ~5 years ago to help with our company's product hunt launches, and he went out of his way to help. that was at such an early point in the biz and i needed traction back then, so i don't know where we would be now if he didn't help. thank you jack.
Yeah, he did the same for us!
Thanks, Jack! I cried when you said the words I rarely hear people say, 'I just want to heal people.' Now to listen again to get your exact quote!
Fantastic guest! Could listen to Jack talk for hours, so many unique but great insights.
One of my favorite episodes to date. The interpretation of laws of attraction and Shaan's contribution to that was pure gold.
Original thinking like Jack’s is rare. His intentionality is like Steve Jobs. Please make Jack a regular guest.
7:00 7:02
Agreed man
@Shaan and @Sam thanks a ton for inviting the smartest and most humble people like Jack on this podcast and sharing such wisdom 🙂 I am sure no school/college/academic curriculum can give such knowledge which we can get from people's experiences who have actually achieved, failed and learned throughout their journey.
Legit a top 5 episode. What a fascinating and humble guy.
One of my favorite episode. Amazing gust 🫡
This guest is disgusting in his return act
1:03:22 Jack is practical by doing what makes logical sense after questioning the premises of what something is supposed to be or what you're supposed to do. The "experts" with decades of experience were unable to find the same conclusions Jack found after his one week of learning and questioning. Awesome.
I am halfway through and the ideas coming out are amazing. Keep it up guys.
Brilliant episode. Main takeaway for me was - have massive belief and take intentional action with full conviction that your goal will manifest! Dont take weak action
One of the best interviews yet. And I'm a fan of every single episode. Worth the RE-WATCH!!
This episode was amazing. Definitely in my top 3 of all time. And along with Harry O, definitely my favorite guest. Thank you Jack.
Jack may be my favorite guest that you've had on. Awesome dude!
This was such an inspiring episode, thanks so much. Jack is a legend!
I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me, retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45
Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving
Having an investment adviser is the best way to go about the market right now, especially for near-retirees, I've been in touch with a coach for a while now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I netted over $220K during this dip, that made it clear there's more to the market that we avg joes don't know
Who’s the person guiding you
credits to *MARTHA ALONSO HARA* , one of the best portfolio managers out there. she's well known, you should look her up
Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
Law of attraction is absolutely true. Have personally experienced it when I transitioned from corporate to startup
Crazy how the universe works. A bunch of kids with cancer tried to manifest a cure but it didn't work.
Insane how the universe cares about your startup more than kids with cancer.
can you expand on this? I'm curious
@@anirudhkannan9 No, seems pretty self explanatory.
It’s just a catchy buzz phrase about the importance of your mindset and framing.
Just came across this episode and loved it. Jack's the man! Great work guys
Great energy! Thank you all 🎉
Unique man. Thanks for all the insights
What an inspiring journey! Thank you for sharing :)
Very cool episode. So much value here.
Todd Herman’s book The Alter Ego Effect breaks down applying the “Sasha Fierce” idea. Lots of examples form business and sports in applying it for performance enhancement.
I have seen multiple videos from your Podcasts and never subscribed until now...this session with Jack has been one of the best interviews to an entreprenur really above other "big" podcasts I have watched before. Great video guys!. ;)
This is totally awesome. Thank you
Brilliant. One of the best episodes so far.
Jack seems like an awesome guy to hang out and chat with.
Amazing guest and episode!
Great interview. Learning theory/fundamentals behind useless stuff is a bit underappreciated, much like government funding behind fundamental research. Learning for practical needs/interests can and should come at any age, but a healthy mix of fine arts and science while in school ain't so bad for a healthy society (we don't just need a ton of practical learners who only go down technical or financial rabbit holes for their specific needs - this leads to more optimization in the long run vs. innovation). I still do despise my Music 101 course...but opened my eyes a bit.
Loved this episode, would love to hear more about this guy. He has an interesting way of thinking along with common sense lol.
That apple vision pro "hack" is absolutely brilliant.
That was very interesting.
Thanks
I rarely listen to someone and think to myself "oh this guy is original thinker", jack is definitely one of them, enjoyed it!
I like this guy. Seams pretty cool and unique.
I don’t listen to this show enough. Very refreshing guys , I’m gonna binge your channel, most other things are so under stimulating
Jack is a great guy. Very down to earth and smart chap.
I freakin’ love this guy!! Love the “baby” name story! 😂
This was excellent
Love the way y'all transitioned at 59:55 to a Hubspot commercial when Jack went into a rant and started cussing more. 😅 Great talk y'all!
lol
This is a great episode! One of the best they have. For anyone wondering... Montessoris are the best!
Loved the vibe. Shaan you put it well, Jack is not obsessed with competition, but knows when to go for it. Ironical how all rich silicon valley ppl are stuck in the rat race. We need more Jacks and Paul Grahams to show us the way to a truly enjoyable life.
Sam and Shaan, this has been the best podcast episode I’ve heard this year. Absolutely loved this and reflected a ton!
Cheers
RTFM … one of the best prices of advice I’ve heard in a while 🙏🏻
How can we get more Jack Smith?! This guy is amazing!
Congratulations on the baby Sam!
18:55 Amazing ideas start here, as well as demystifying some of the pop fin guru grifts lol ...btw this guys just gets better and better as the video goes on!
i thought the audio was coming from my headspace app at first 😅
That's not "Law Of Attraction".
It's simply an Ownership Mindset combined with Optimism.
And I co-sign on that.
No better way of being.
i didn't go into full detail. but i was more giving one example of how I'd describe how law of attraction could work in a rational sense. but i also believe in it beyond that. e.g. how with quantum physics, we are learning that reality is maluable
Awwww I love this guy!!❤
Another great episode gentlemen. 🔥🔥🔥
Awesome episode you 3 delivered it! Question for Sam though, what lights are you using while traveling to keep the quality of the video so high? Do you use elgato mini lights or which ones? Would be awesome to know 😁Or in general which camera etc like a setup probably interesting for the listeners as well :)
One of my favorite episode
really enjoy this podcast
Jack Smith, cool dude, very insightful. His insights on Nomad Capitalist are spot on..... I didnt realize Nomad Capitalist is re-marketing for lawyers, and not even an Attorney himself, its brilliant..
WOW!…Dave Ramsey “franchised” his “guidance”…brilliant
Jack is a really interesting guy with a great mindset...would be great to work with him!
Best episode ever!
1:24:05 "you need to learn how to write" I cracked up at that joke, it should have been acknowleded more ⭐😂
I love SAM!!!! Your honesty!!!
Apple vision pro already has screen recording, part of the dev kit.
nice. i did not know that. perhaps could apply the same thought process to find other hacks for it though
Cool guy hope to see him more
Jack is awesome!
Excellent - flipped lexis and westlaw I think.
Incredible guest.
24:30 ❤ RTFM!! Awesome!! 🎉
I like this guy. Bring your detox idea to Canada!
Jacks voice sounds like the robotic British option you can select for your phone or gps 😂
Sports like pickleball are healing people through getting outside, getting exercise, and on top of that getting socialization.
I’m not sure if this will be helpful to any parents out there that are having newborns. But when my daughter was a baby, there was this program called my baby can read. And what I can see from that program was that my daughter not only loves reading but she loves going to school. She loves learning new things and she already has an entrepreneurial mindset. She wants to be a corporate lawyer now and she decided this on her own, and it may change in the future, but I share this to say that my daughter gets perfect grades that is totally the opposite from me or her mother. I’m a young parent 34 and my daughter’s going to be 14. I haven’t always made the best decisions in life, but getting that program, for my daughter was one of the best decisions I’ve ever made. My daughter gets straight A’s, and I tell her all the time if she got B’s or C’s would love her the same. This coming school year will be her first year in high school.
Great program 😉👍❤
im working on building an app that i think will have a great impact on people. the issue is it is direct to consumer, so im not sure how to implement something like jack did by getting commitment. any advice on how to validate this beyond what i and people close to me think?
Jack Smith is my new hero
Jack seems like a great hang
soon ill be interviewed by this podcast...remember "Kagiso Makunyane" from South Africa
Congrats Sam
Build a school around a farm + drama program. All the skills needed for life will be learned (business selling tickets and produce, lit, math, reading, management, science, engineering, trades...). Plus it pays for itself.
Anyone have a link for the pillow Jack mentioned?
I love his accent
Jack has sth man
Appreciate the pod
49:50 low belief creates low action. High belief creates high action. High action = results. Create high belief
Massive belief. This is really gonna work. You take massive action. You wake up before alarm clock you can’t wait to finish it.
Guys can anyone help. At 47:30 he talks about selling his shares privately. I would love to get into that business of connecting founders with buyers of their shares. If anyone has any tips would love to hear from you.
A) He didn’t even pronounce Vipassana correctly and B) the primary benefit I hear practitioners talk about after a 10-day intensive meditation retreat like Vipassana is insight. Insight meditation can give one deep insight into who they are as a person and different aspects of their life.
Having a guy like Jack around would make you think what the heck am I doing with my life? 🙂
I didn't know the 365-day return policy. I'll try and return a pull-up bar that I didn't use but that UPS failed to pickup several times.😮
😂😂 i like this guy , we think very similarly
I personally enjoyed the Beyonce "Sasha Fierce" comparison very much. Fierce in this context doesn't mean literally angry it means "Ready to slay" "no fear"
Please add subtitles. It would be easy to understand more.
There are subtitles already
Ha what a fantastic friend you are @jack
I suspect that on a personality level, I would not get along with Jack AT ALL, but, he is far and away my favorite guest.
interesting. So how do you think that those two things come into balance, that you think we would not get along with each other, but you enjoyed listening to me as a guest? i.e. do you think there are some personality traits that could be annoying etc?
@@_jacksmith03 The not getting along with you is not about who you are but who we are. New age child rearing ideas, experimentation with drugs, meditation retreats, even long hair, are as opposite to my personality as possible. It's not about your having negative personality traits, but that we would be very unlikely to meet at all and having met have very little common ground. On the other hand, I think you have very interesting ideas, speak in a very engaging way, and are completely honest in your answers, and I love that your attitude is "your listeners like specific numbers, so here are the specific numbers [that nobody else shares]"
Also, I can't believe you replied to me. Maybe I am wrong to say we wouldn't get along. Maybe the correct statement would be that we would be very unlikely to meet, and if we met we would disagree about most things related to our personal lives, but nevertheless get along.
Great guest, but what Nomad Capitalist does, and how they do it, and the type + amount of value they add to the process for their clients was very inaccurately explained, Jack hasn't gone deep enough into what they actually do to fully understand the value-add - it is a way better business model than he gave credit for, it's not just reselling for emigration lawyers, I've studied NC for some time - Andrew Henderson would make an interesting and probably-willing MFM guest. Thanks Sam.
Jack GOAT
He is talking about Pieter Levels .01. < Nomad .
Be smart enough to know that nobody got rich from salary. Being successful start from mindset. Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth
Jack could probably train an AI assistant to do what the baby monitor guy is doing with automated remediation actions such as turn on lullabys or something
55:07 Who is the person Shaan is talking about? I am quite interested in this training.
Have gpt tell u how to use it
Guy found the return policy on baby names
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
She's OLIVIA SULLIVAN FINANCIALS
I'm definitely gonna check her out. Do yo have any idea if she manages family fund?
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me, not until I meet Olivia Sullivan
Hello
Should have jack, what school system he comes from? 😂😂😂
Use some of that dough to get better internet connection
❤
instead charging the service providers to get clients, the business model is to charge the client for the "right" catalogue of service providers? Is that like a reverse lead generation business model?