Shaan Puri Profile picture
21 Dec, 9 tweets, 2 min read
Reading this article, the story sounds pretty wild. But I spent a weird amount of time with Martin Shkreli, and I’m not surprised the journalist fell in love w him

A few years back my team built an app called Blab. It was like clubhouse before clubhouse.
When he first joined the app I had no idea who he was. I just saw that his live streams instantly had 3-4K viewers. More than anyone on our tiny platform.

I googled him and it came up: “Martin Shkreli, most hated man in America”

I assumed he was bad news
And he was... but also he wasn’t.

He was a douchebag, but he was in on the joke. He was a dick, but he was also very entertaining.

In the mornings he would live stream himself analyzing stocks or walking through drug discovery pathways.
In the afternoon he’d let people call in and debate him live on air. A CNN reporter tried to get him to go on TV, he refused, and said debate me here on Blab, no edits, no tv time limits.

At night he’d host late night convos - and eventually fall asleep on cam
The guy was a pain in the ass but man he drove traffic.

We had big celebs like Tony Robbins, the Jonas brothers etc... he outperformed them all.

At one point he was bringing in 100k users per month directly to his channel. And Bc he was so entertaining, they stuck.
He also attracted a group of hackers who decided to DDOS us like crazy for 2 months because we allowed him on the platform.
He did some wild shit on blab.

One day he had to testify in front of congress.

His fans held a watch party of 4-5k attendees. In congress he just pleaded the 5th, but as soon as he left the courthouse, he called into the blab and started making fun of congressmen
You look at the guy and wonder - why would this journalist who was married fall in love with the pharma bro in prison?

But I saw it everyday. The guy has a weird charm. He was streaming live video on our app 10 hours a day, and people were hooked. So I’m not surprised!
Rip @blab !

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More from @ShaanVP

21 Dec
So I thought the whole "paid newsletter" thing was dumb.

So naturally, I tried it out as an experiment.. The results were kinda nutty. The newsletter started bringing home $49k per month (!) -- Here's the backstory
"what was the newsletter about?"

Well - for the past year, I've been doing a podcast called My First Million. Gimmicky name, but whatever.

It's a pod where me and @theSamParr (and friends like @awilkinson @_jacksmith etc.) brainstorm business ideas based on trends we see
Anyways - the podcast has gotten pretty big. We do over 350k downloads/month.

People like listening to us shoot the shit, brainstorming ideas.

But as the nearest schmuck will tell you - ideas aren't shit without execution!

The problem is - execution is less sexy.
Read 17 tweets
16 Dec
How to find a mentor, in 3 easy steps, without making a fool of yourself
#1 - Work on something interesting. Just by picking a unique project/mission, you will get interesting people interested in you.
#2 - Don't ask someone to be your mentor. It's awkward.

Instead - ask for their opinion on a specific situation.

Eg. I just graduated & am debating between these two jobs. I'm torn. I respect you, what would you do?
Read 7 tweets
13 Dec
1/ OK - Here's a free startup idea that can make ~$10M/year in profit.

No coding required. Just pure hustle.

If someone legit wants to run with it. I'll put up the cash - you do the work.

Here's the idea (and the numbers behind it)👇
2/ Let's create "The Combine" for youth sports.

This is a mashup of two things that parents are obsessed with:

1/ competitive youth sports
2/ standardized testing.

Let's break it down...
3/ Parents in America spend a small fortune ($20B/year) on competitive youth sports.

They pay for things like league fees, equipment, travel to tournaments, photos, coaches/trainers etc.

This starts as early as age ~6-8.
Read 19 tweets
10 Dec
Check this out. @DavidDobrik just created a puzzle.

1/ The puzzle costs $30
2/ 1st person to finish the puzzle & take a pic wins $100k
3/ He sold 7500 in 1 hour

7500 x $30 = $225k in 1 hour.

I think it hits 50,000 units. $1.5M revenue

85% margin $1.2M profit
Having free, mass distribution opens up so many doors.

This product will make him a million bucks, while also making him more popular

So he can do something like this again.
ht to @benmlevy for showing me this
Read 4 tweets
4 Nov
Media predicted a landslide (wrong)

And most people who vote Biden feel like the vote should be closer to 100:0 rather than 50:50

1) How are all the experts SO wrong, AGAIN?
2) Why does half the country want to vote for Trump??

here's my 2c:
being wrong is usually a case of having incorrect assumptions.

I see 4 assumptions I think most people got wrong. Let's call these the 4 Myths:
Myth #1: People vote based on policy

Reality: People for the more charismatic candidate

Trump is the most charismatic candidate ever.

The more charismatic candidate usually wins (Trump, Obama, Bush, Clinton, Raegan etc.)

Television enabled this. Social media was steroids
Read 9 tweets
5 Oct
companies I coulda woulda shoulda invested in but didn't .. (aka the "greatest misses")
@calm - I am friends w/ @tewy & @acton and think they are ballers. probably could've invested at seed round (~$5M valuation). Now worth $1B+ easily. 200x+ return

didn't invest because I didn't consider myself an investor at the time
@clearbit - friendly w/ @maccaw - told me about it over lunch.

Seemed like a decent idea but I didn't fully understand it (still don't)....But I thought he was really clever (I remember a story about a 🍆 detection thing he built)

Shoulda asked to invest. now worth $250M+
Read 7 tweets

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