My First Million - #173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"

Episode Date: April 21, 2021

Shaan (@ShaanVP) and Sam (@TheSamParr) dive deep into 75 Hard: what it is, who's behind it, and why it's so successful. From there they talk about a similar business: Beachbody. Beachbody does over $1...B in sales, but the way they generate their profits will surprise you. The guys also brainstorm on "HackerNews for X" ideas and how to pull them off. Towards the end, Sam challenges Shaan on why he's running so many businesses and not focusing on just one. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (2:00) Talking pod growth * (8:20) Shaan's funny story from college * (13:12) "HackerNews for X" * (30:12) What is 75 Hard? * (35:30) How Beachbody became a $1B behemoth * (52:04) Sam challenges Shaan on doing many businesses instead of focusing

Transcript
Discussion (0)
Starting point is 00:00:00 In this class, there was one guy who was always talking. He would raise his hand. First thing for every single question, he had a big opinion on all these topics. I'm like, dude, how does this guy know about all this stuff? And he was just super into the internet. And at the time, my head labeled this guy as a loser. I was like, wow, this guy's like this over-eager student. Who's like kind of a know-at-all and like kind of sucking up to the teacher.
Starting point is 00:00:22 And like, why is he so into this? Wow, what a loser? He spends his nights researching the pros and cause of net neutrality. Okay. Now fast forward. Now, that's me. I'm that loser. I was just late to the game.
Starting point is 00:00:33 And that guy, Dan, ended up joining Coinbase as one of the early employees. I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off. On a road, let's travel, never looking back. Abrae, what is your rating of today's episode? I'd go A-minus.
Starting point is 00:00:55 We rambled a lot, but I kind of like that, that we go into different topics. I mean, we're everywhere. Pod grow, hacker news stuff, crypto for hacker news, the origin stories of product hunt, 75 hard, Tony Horton, Sean pouring his heart out at the end.
Starting point is 00:01:09 We got everything in there. What was your top two favorite things? I like talking about the origin story. So product hunt, how Ryan kind of hacked his way to growing that. That was kind of cool. The P90X origin story as well, that was kind of cool.
Starting point is 00:01:25 I have to look up that YouTube video that Sean mentioned. That was definitely interesting. Listeners, let us know if you like having this up front. Let's get to today's podcast. All right, what's up? What's up? Sorry, I was late.
Starting point is 00:01:37 I was sitting here working. It's a podcast, bro. Nobody knows you were late. I'm never the late one. I take pride in that. And I was just literally sitting here working and I had no idea. I didn't even look at the time. The funny thing is I was also two minutes late, but when I saw your message, that was like,
Starting point is 00:01:56 hey, sorry, I'm running it. It'll be there in a minute. I was like, boom, hop it. I need to hop in there now, so I'm there first. I'm not typically the late one, but I was. But I will tell you a few things that I was working on. So just a quick recap. I'm working on some growth stuff.
Starting point is 00:02:11 So I want to run just a few quick ideas by you. This will only take a second. But first. So in the last, whatever we launched, however long that's been, not including month one to month two, because it was like a 500 percentage growth rate. So not including that. We have grown on average 10% a month.
Starting point is 00:02:28 Okay? Okay. This month, April is not over, but if you take the average of the trailing three weeks and give it a fourth week, it's going to be about 400, a little bit over 400,000 downloads, which, so if you take that multiplied by to January. So we're going to hit a million downloads a month by around January at 10% growth rate. If we keep going at this rate. Yeah. So right now we're on pace for about 5 million downloads.
Starting point is 00:02:59 a year and then what you're saying? Well, it's more. 400,000 downloads a month. That's 5 million a year. That's assuming zero growth. Right, right. With the growth, it'll be like 6 million or something like that. More, 7.
Starting point is 00:03:13 8-ish. 8. Yeah, because the last, the end of the year is going to be starting to get 800, 900, a million downloads a month. And dude, if people start commuting, they need a little, they need a little good, good in their ears while they're commuting. That's what we needed. We took a 20% cut, I think, when COVID happened.
Starting point is 00:03:31 I saw the numbers dip and then we rebuilt from there. So the current growth rate is actually quite good. It's just like, this is the same thing of like if you just focus and just do the same old, same over and over and over again, it's going to work. But, of course, we want to expedite that. And so the things that we're working on is we've already talked about what we've worked on. But let me bring up a few things. First, I actually think that we need to be a little bit tighter with our content, meaning what are to like, I don't watch sports, but I know you do. What are the sports shows where they, like, go through topic by topic,
Starting point is 00:04:00 and they have, like, a time limit? Yeah, like, pardon the interruption. They do that. It's like, all right, we're talking about. And they always have, like, you know, the shit people care about. Or, you know, they have these little, like, names on the side. And it's like, you kind of want to tune in to hear what they're going to say about X. And what are they going to say about Y?
Starting point is 00:04:16 So I think we should start doing that. And I'm trying to figure out how to do it. But I would like us, we're going to start. I'm going to try it for an episode and I'll coordinate it. Next, everything. that is on Instagram and on YouTube, we have to drive all traffic to iTunes, not to Spotify.
Starting point is 00:04:33 Even though a lot of people say they listen to Spotify, the numbers are more people, just barely they'll listen to iTunes, but if you click subscribe on iTunes, it automatically downloads, and we get credit for that, whereas Spotify, it doesn't do that. So, gaming the system
Starting point is 00:04:49 and playing within the rules, that's the way to go. And we currently are not linking to any of our iTunes stuff. Finally, or no, The second, the last thing is recapping old stuff. So we have 170 episodes. Did you know that?
Starting point is 00:05:02 I didn't know that. That's a lot. Yeah. And so what I'm going to do is go through all the old ones and bucket them into categories and we could re-release them just with the new intro because I think they'll be great. Dude, that's really smart. If we basically take our best episodes from earlier when we had half the size of the audience, and maybe we cut off some bullshit if it was like there was something dumb,
Starting point is 00:05:23 but we'd just take the, you know, in the month, like last year, year this month, if we had three good episodes and we just say, boom, we're bringing back those business ideas and repackaging them in a way that's better. And we sort of re-release our greatest hits. I think that's a good idea. That's not what I was thinking. I think that will work. But what I was thinking of is grouping it. So let's say that in episode five and then 34 and then eight, there was a religion-based thing, like a church. I'd make a religion then you composite episode.
Starting point is 00:05:56 Yeah, yeah, yeah. So you do that. And the reason why is so you can create a how-to title because what I've looked at all the data, anything that's how-to-related gets more than pass,
Starting point is 00:06:06 more than other stuff. Speaking of which, and this is one of the last things, we can retitle old ones to be more click. I'll fucking say it. Clickbait headlines. And then last but not least,
Starting point is 00:06:19 Alex Garcia on my team, who's been going wild on Twitter, is going to join the podcast team a little bit as growth. And then we also are hooking up with HubSpots. They've got a team that or an outsource production company
Starting point is 00:06:35 that I want to look into. And they've claimed that if you get a lot of, like if you increase the production value significantly, even on shit like this, it increases downloads. I don't believe it, but it's interesting. Right. Well, we're going to throw it all at the wall and we're going to see what happens.
Starting point is 00:06:52 Speaking of growth, can I transition to an app that's growing that I want to talk about? Or we can actually, we can do your rundown of the things we're going to talk about on this episode. So I'm going to talk about some things that are in the fitness space. So this app 75 hard and how it relates to P90X and a whole bunch of different fitness trends that I've seen. So I'm going to break that down in detail.
Starting point is 00:07:14 We're going to talk about hacker news and basically niche news websites. And you have an opinion on that and so do why. And then we might talk about MVNN. I'm not sure if I'll get to it today. Did you have any other ones that you wanted to talk about? What was your last one? Envi-N-O's. This is when you basically can start your own cell phone carrier company.
Starting point is 00:07:34 It's pretty cool. I think that that actually probably might be a lead for, I think, next one, because that's a pretty big idea. I think it's really interesting. And what I did this week is I actually just researched everything you had. And I have points and counterpoints. And I didn't research that one because it's very interesting. Can we wait for the next one?
Starting point is 00:07:51 But it's dead. It takes a lot, yeah. Right. And instead, go to this teachable for Debs thing because I have some Intel for that. So I went and got some Intel on that. I went and got Intel on 75 hard. And I think the most interesting is the hacker news stuff. I went and talked to a friend, Andrew, your friend, our friend, who owns a company in the space and they got all of his numbers. Okay, great. Where do you want to start? We can start on any of those topics. Hacker news.
Starting point is 00:08:20 Okay, so I was looking at, I saw this tweet. from this guy, Dan Romero. And Dan Romero, actually, it's kind of a funny story. I'll just lead in with a personal story. So when I was in college, when you were in college, were you trying, like, what was your strategy? Were you trying to take the hard classes, the easy classes, what you're interested in?
Starting point is 00:08:39 Yeah. So if you could take, so some people do the hard ones, some people do what they're most interested in. And some people like me, we're just looking for the easy way out. Yeah. And it sounds like you're the same. And so I think you to rate my professor.
Starting point is 00:08:50 I use rate my professor. And I'll find the easiest classes. I would find out what classes the football players and the basketball players got to take because those are the easy classes. So like Rocks for Jocks was the codename for this class. I was like geology, but it was like the easiest fucking class ever. I got into this class. Rock.
Starting point is 00:09:08 I don't even know how. I was genuinely trying to take a like an interesting class about sports psychology, sports medicine or something like that. And it turns out this was a class only the female basketball players at Duke were in. So there was 10 students. They were all the female basketball. players at Duke. The class never, I looked at the schedule. I was like, oh, there's no classroom. Where does this? Where do we go? Where do I go for my class? I email the teacher. He's like,
Starting point is 00:09:31 there's no physical meetings for this course. I don't know how you got it for this. But he's like, you just need to read this one book. It was the Lance Armstrong book, lives, whatever his book was called. And at the end of the year, so read that one book, which is like the easiest fucking book to read by the way. And then at the end of the year, you write a two page report on it. And that was the whole class. No, you're kidding me. Sorry, Duke. You know, you definitely do the thing that all schools do with education. I get that why it's cool when you're a kid, but also as a kid
Starting point is 00:09:59 and now I was an adult who's going to send his kids to college, I'm like, what a waste. Waste of money. What a bullshit. Dude, I thought I had to hit the lottery. I was a D1 athlete in college and they made me take, I was a runner, mind you. They made me take gym
Starting point is 00:10:13 and the gym class was aerobic walking. It's like if you got to the classroom, you're done. You show up and then you go for a walk. that it was called a ropewalking and I was a big one athlete so okay so anyways in that process one class that I took that I was just trying to find an easy class was called like the internet or something like that I was like oh bingo I know about that one let me get to that one and at this time I'm not thinking like I'm not who I am today right I don't I wasn't thinking about business I didn't
Starting point is 00:10:43 think I was going to go into the tech space I thought I was going to be a doctor I was a pretty I was very average student like B minus student very lazy and that's who I was and so I go to this class And in this class, I'm basically just there, again, because I'm trying to coast to an A in some easy class that's called the internet. It can't be that hard. And it really wasn't that hard. It was a discussion about, like, internet topics, like net neutrality and stuff like that. And I didn't really give a shit. I just sat there quietly, like, doing the crossword puzzle in the, like, school newspaper, eating chick filet in this, like, classroom, hoping the professor never calls on me.
Starting point is 00:11:13 But in this class, there was one guy who was always talking. He would raise his hand. First thing for every single question, he had a big opinion on all these topics. I'm like, dude, how does this guy know about all this stuff? stuff. And he was just super into the internet. And at the time, my head labeled this guy as a loser. I was like, wow, this guy's like this over-eager student. Who's like kind of a know-it-all and like kind of sucking up to the teacher. And like, why is he so into this? Wow, what a loser. He spends his nights researching the like pros and cause of net neutrality. Okay, now fast forward.
Starting point is 00:11:44 Now, that's me. I'm that loser. I was just late to the game. And that guy, Dan, ended up joining Coinbase as one of the early employees. And he basically helped, Brian Armstrong, the CEO of Coinbase was kind of like did this tweet storm the day they went public, right? They go public at $100 billion valuation. And he's like talking about the journey. He's like, when we started this, you know, it was such humble beginnings. Nobody knew about the space, blah, blah, blah.
Starting point is 00:12:08 He's telling, and then this happened. And then Dan Romero came on board and like helped break us into Europe. And that was a pivotal moment for the company where we became like the only crypto company that was like partnered with banks in Europe. And I was like, oh my God, it's that fucking guy from my classroom. Like, holy shit, he made it. And, you know, I bet this guy, you know, banked tens of millions, if not $100 million plus easily just on Coinbase. And if he owned any Bitcoin along the way, which of course he did because he joined in 2014.
Starting point is 00:12:35 And if you're a believer at that time, you probably grabbed some. So anyways, that's my short story of like, wow. If you're a college student listening to this now, just be the nerd now. Trust me, you're going to want to be that nerd later. And really think through what are you optimizing for? like ease or like learning something, like doing something interesting, making cool people.
Starting point is 00:12:53 I think we have to send this podcast to Dan. I think you should apologize. I will issue. He doesn't even probably know who I owe us because again, I was this fucking silent guy eating too flay in the back of the class, never said a word. I was just judging him in my head. And I do apologize to Dan for judging him.
Starting point is 00:13:08 And clearly I was wrong and he's done amazing. So anyway, he put out a tweet. I follow him. And he was like, why isn't there a hacker news? So if you don't know, Hacker News, is this website that people just post links. It's like Reddit, but it's just for engineers. Reddit, but only one forum and, well, it's not a forum.
Starting point is 00:13:27 It's like you post links and it's all nerd culture, internet, nerd startup culture. We, you know, back in the day, we used to get the newspaper every day and open it up and, like, my dad would go to the business and politics section. I would go to the sports section. Well, the internet just made it so that there's an infinite number of sections. And so now, if you're an engineer, you would wake up and you would maybe go to Hacker News. I go to Hacker News every single day. Same.
Starting point is 00:13:49 And so anyways, it's cool website. It's started by Paul Graham and it's sort of baked into Y Combinator. I've done an exercise, by the way, I'm trying to like, what would you value Hacker News at? And I think it's sort of priceless. I pretty much think there's no price where Paul would sell Hacker Nudes. No. He would not sell it because he's probably a billionaire and he loves it. But if you were just like a normal guy and you had a valued off revenues, I think it would be worth $50 to $100 million.
Starting point is 00:14:15 I bet you it can make $8 million a year in revenue with no employees. And I bet you it's been capable of doing that for about 10 years. Yeah, I would say easily $100 million because it's also the category leader. It's the end of one in its category. Anyway, so Dan tweeted this out. He goes, why isn't there a hacker news for crypto? You know, like any discussion for all the interesting things that are happening besides the price, which I think is like the key distinction here, which is that almost all the
Starting point is 00:14:44 conversation. There's a lot of places that talk about crypto, and they're almost all just tracking the daily price moves, like over the weekend, crypto went down like 17%. And so everybody was like talking about the price. And in reality, there's a whole lot of other interesting developments, technologies, kind of like usage that's happening. That's not price related. And you almost need a firewall to say, look, in this forum, you don't talk about price, because otherwise price is always going to dominate the conversation. That's just the nature of crypto. And so I thought that was kind of interesting. I started looking into some of these. And I guess for me, I would say, like, there is an opportunity for somebody to create the hacker news of crypto.
Starting point is 00:15:20 And so I'll throw out a couple that were pretty cool that I found. One is casebitcoin.com. And this is basically a website that's just, it's just a dashboard of stats. So it's not like news and links. It's just dashboard of stats that's basically saying this is the case for Bitcoin. It's like Bitcoin is now, you know, 10% of gold market cap. Here's the top headlines about pro Bitcoin. It's just a pro-bitcoin dashboard.
Starting point is 00:15:44 Do you remember that time that you made Bitcoin headlines because you tweeted that you're putting 20% of your net worth into Bitcoin and someone wrote like entrepreneur and investor Sean Puri? And then you didn't, I don't think you did put 20% of your net worth. No, no, I did. I tweeted I was putting 25%. I ended up putting 20%. And then it grew, the price started going up so fast that that quickly became, it's now like almost 50% of my headworth or something.
Starting point is 00:16:09 So it's, you know, it ended up being more. But it was ridiculous. that there was news about it, because I think they thought I was much wealthier than I am. Like, I'm not going to move the needle in crypto. I can put 100% of my network that. It was not going to move the needle of crypto. Crypt is too big. And so that was funny.
Starting point is 00:16:25 Actually, my college friends texted that news article to me this week. And they were like, whoa, what is this? By the way, what have you become? Yeah. And that was like before you actually got famous fame. I mean, you're like kind of a big deal now. And that was like pre-big deal. Well, that's part of the strategy of becoming a big deal was,
Starting point is 00:16:42 carry yourself like you're a big deal, right? Me announcing how I'm moving my net worth around is sort of like carrying yourself like you're a big deal even before you are. And people start to like, they just accepted my implication that I'm a big deal for tweeting. I'm calling my car,
Starting point is 00:16:58 my furniture assets and just start using words like after. Exactly. I'm doing a liquidation. It's like, no, you're doing a garage sale, bro. Well, we're having a fire sale at some of the assets. Exactly. The garage store.
Starting point is 00:17:13 Anyway, so I was looking at some of these websites. Cryptopanick.com is a cool one. Anyway, so there's some of these, nothing I would say has broken through as like the place where people who care about this long term and are not, they don't want to get caught in the price roller coaster day to day where they go. All right. So I'm going to pause there. That's just the idea.
Starting point is 00:17:31 Hey, I think somebody can create this. I think maybe Pomp or somebody who's like a central figurehead in crypto, similar to Paul Graham, maybe Pomp should be creating the Hackerayornees for crypto that is specific. not about price. I think that would be a smart move. If I was pomp, I would consider doing that. But you had some thoughts on these types of businesses, and I think that's where more value will come. So go into that. Yeah, so let's call these aggregators, I guess, because you're not actually creating anything, but you're aggregating. And the hustle is like a, is a little bit of an aggregator. We create stuff, but we aggregate a lot. So I know a little bit about aggregating
Starting point is 00:18:06 aggregator businesses. And I think that they're really, really great if you can have them, if you can make them. I was with Ryan, what's his name, Ryan Hoover, the day before he was launching product hunt, which is ultimately kind of like an aggregator. And he was telling me about it. And I go,
Starting point is 00:18:22 oh, this is really dumb. This is not going to work. I was wrong. It worked out wonderfully. He did a really good job. Financially, it was mildly successful, but it was culturally incredibly successful and could have been even more successful
Starting point is 00:18:34 if he owned it for a long time. But anyway, now I went and talked to Andrew Wilkinson, who's going to be on the podcast, actually, tomorrow. which I don't know for the people listening when that actually airs tomorrow the next day, something like that. He bought this thing called Web Designer News.
Starting point is 00:18:48 So it's actually just Web Designers. I think it's just Designer News. Are you sure? I think it's just DesignerNews.com. Yeah, I'm pretty sure it is. Let's see. Oh, yeah. Sorry, not Web Designer.
Starting point is 00:18:58 Designer News. Okay, so basically this was a Hacker News thing. It was just for designers. It was literally a clone. Like, it looked almost the same except for the hacker news kind of ugly. They just cleaned up the design a little. bit, but it's the same idea. Yeah, and it was pretty good when he bought it. And I asked him, how's it going? And he said, it's basically dead. It's done. So I think he got the money back from
Starting point is 00:19:24 what he paid for it, as then he earned that much back. But he, I don't think he anticipates making a lot more money. And what I thought was his case, his opinion and what happened, my opinion and what happened to his site is actually kind of the same. But basically, here's what he told me. He goes, the issue is you have to get a whole bunch of people to visit daily, and you're only as good as your posters because it's social news. And there's endless amounts way to game the system with a bunch of bots, which oddly people do it a lot. So you need constant moderation and algorithms, which is very expensive to hire the devs to make that. And then you also need real live moderators, which also is expensive. And then if you have any period where the content gets bad, then everyone just moves to Reddit. So it's a little bit like lightning in the bottle. And it has this kind of magical network effect, but it's hard to catch lightning in a bottle, is what he said. And I actually agree with that. And so my point is, I actually think that if you can build this, it is one of the greatest things that you couldn't own. And there's a few examples of this. So there's TechMeme, which is all these are all things I'm fan of. So it's all going to be a little bit. But TechMeme, I can't submit to it as a user, right? It's not social news. They, they curated
Starting point is 00:20:30 themselves. Well, it solves the same problem. Yeah, it solves the same problem for the end customer, which is you go to a place and you see all the interesting links of the day in my niche that I care about. It's the same habit. And the reason why it's important to mention tech mean, because with Hacker News, as with Reddit, the creators or the owners of the site can actually just submit a ton of fake stuff that you wouldn't even know they submitted. And it would look populated. And that's in fact how Reddit got started. So the hard part is... There's a great video, by the way, on YouTube, if you want to see how Reddit got started. Their fake-it-till-you-make-it strategy where they had 20 or so accounts of different names.
Starting point is 00:21:06 And they were posting every day on the subreddit, like from 20, different personalities to try to make it look like there was this great young community of interesting people. And then they described, they were doing that for like, I don't know, a couple months or something. And then they described the day where they went on it and just, it was all happening. Before they went with their fake accounts, like the real people had built up enough steam and had learned the like monkey see, monkey do. They had learned how to behavior. And they were just posting the links and commenting. And it was like, wait, dude, that's not my account. There's a real account. Holy shit. This is actually working. And so that's how they started.
Starting point is 00:21:37 And it takes a lot of time. And Reddit was, it was 10 years. old. So when they were getting, I mean, like the amount of websites that existed versus then, then versus now, they had a lot less competition. It was still really hard. But what I have found with this, okay, so there's tech meme. Tech meme just automatically pulls headlines based off what's most shared on the internet. And then another example is let's run. So let's run.com. The listener or the owner of let's runn.com is actually a listen of our podcast. And I'm a big fan of let's run. And it's basically the same thing. People submit articles and they comment on it.
Starting point is 00:22:05 That's in the running niche. Yeah. It's like dorky runners, long distance runners. It was very dorky. So let me tell the story of product hunt at the beginning. How Ryan did it, right? Because I think for a lot of these, it's one thing to hear, oh, it's like I would agree with you. These social news sites, social news aggregators are amazing when they work and they usually don't.
Starting point is 00:22:24 Okay. So how do you get it to work? Well, I actually got to see Ryan build product hunt kind of from the inside from day one. And if anybody doesn't know, like there's a funny article. Basically, Ryan was interviewing to come work at Monkey Inferno, where I was the CEO at the time. I was trying to recruit Ryan because I loved his blog post. And he was interviewing with us and he got to the final interview and didn't make it. And I kept in touch with him.
Starting point is 00:22:47 I was like, hey, you know, sorry it didn't work out, but like I'm still a big fan of yours. And, you know, I want to give you the feedback why it didn't work. Hope that's not salt in the wound. But, you know, if I'd be curious, why didn't I get it? And, you know, I really do want to keep in touch. And then the next week, he was like starting Product Hunt. Literally, I think one week later, he launched Product Hunt. And I remember like you, I was thinking, oh, this is like cool,
Starting point is 00:23:10 but this is like just some pet project. It's not going to go anywhere. Why doesn't he come work on the real shit? And in reality, product help was more successful than anything we did in the lab. So, you know, he won in the end. But I would say what worked for him? So he started it on this thing called Linky Dink, which was like an off-the-shelf little social news tool. I don't even think it's still around.
Starting point is 00:23:29 It's not. But he started it there. Yeah, it was like an email. It was so weird. It was like a- So the way it worked was it was like Hacker News. It was a list of links, but then it would send a recap to all the subscribers of that board, like an email recap.
Starting point is 00:23:40 So even if you forgot to go to the website, you'd get the wrap up automatically. That was kind of like a killer feature there because you're trying to build the habit of people coming. But first, like, if you could just deliver them value through email, this will work. So I would say, like, that was one, like, nice thing he did. He didn't need a tech, he didn't need an engineer at the beginning. He used Linky Ding. And Linky Dick, the key was that they would email the recap. Then he only invited, like, friends that he had developed that he knew were as nerds,
Starting point is 00:24:05 about products as he was. So I think I'm user number 15 or 17 of product hunt and is because I was one of his nerdy friends who really like geeked out about new apps and new products, right? That's what this podcast kind of is. And by the way, this word product or like now you'll see people like, oh, I'm a product guy. I'm almost. It wasn't that popular then. I'm almost positive. People didn't really use that word or phrase or if they did. People were like, what are you talking about? Well, it was around like product manager was obviously a phrase. People talked about product. But it wasn't as like, it wasn't seen as like an anime fan or a sports fan. It didn't seem, it wasn't like a thing.
Starting point is 00:24:39 And he really said it a lot. Like, this is for people who geek out on a product. That was his tagline at the beginning. And I had never heard that. I was praising. I knew what he was talking about, but I'd never heard anyone would say that. And so he definitely kind of created a little bit of a category.
Starting point is 00:24:53 He made it cool. I'll give him that. I think that. He made it cool to do this thing. That's what I mean. So then he curated the initial people and they were cool people. So it was like, because he had been blogging for four years before that, he had built up a nice network in Silicon Valley.
Starting point is 00:25:06 So again, that's the hard work that happened before that prepared him to succeed. So then he invites Kevin Rose. He invites a bunch of interesting people onto this thing. And so people are sure. And he set out some rules. So just like I was saying for crypto, hey, this is for all crypto news except price. He said that for product. And he's like, this is for cool new products.
Starting point is 00:25:25 Don't post Facebook and Instagram. Like we all know about that. This is for the shit that you don't think the rest of the group has seen yet. So that's where the real value came. That's where you would get here that was different than going to tech project, going to the app store charge or wherever. It's like, here you were going to discover the new thing first and not going to see shit that everybody already knew about.
Starting point is 00:25:45 So it kind of made it an insider, like it set the level playing field of like, it's like if you were creating a wine club, you would say like, you know, this is for people who actually know about wines don't bring, you know, the $7 yellowtail, you know, wine here. And so anyways, I thought he got that right. Then he made it where you had to be whitelisted to participate in the community, meaning the average person could not just go post. So that solved the bots problem and the moderation problem because he was only letting trusted people post and anybody could view. And that had this double effect of it was now exclusive.
Starting point is 00:26:16 People wanted to get in. They would beg to get in. They would prove themselves. And if they got in, they would be on their best behavior so they wouldn't get kicked out. And the last thing he did was he was pretty maniacal about curating the community and the products. Like every morning he would wake up. I don't know. He's like kind of a robot.
Starting point is 00:26:32 He like wakes up at 5 a.m. or 6 a.m. Every day, like he's one of those guys. He's like super productive type of person. And good habits, you know. He would go to Phil's coffee shop. He would sit down on his laptop. And then he would immediately be scouring Twitter.
Starting point is 00:26:44 Anybody who mentioned product on he would thank them. Anybody who posted a cool product, he would say, hey, I'd love for you to post this on product time. He wouldn't do it. He would tell them, hey, this would be really cool if you post a product now. I just gave you access. And so that, like, built this habit. And he did that every goddamn day for like,
Starting point is 00:26:59 I don't know, nine months or something like that before you hired the community managers. And it's still probably crushers. I use product on it regularly. I don't actually know the numbers anymore because I don't, I'm not sure. But I bet you it's still quite successful and it could potentially be successful for 10 years plus. Right. If you've ever seen somebody build a fire without matches, like I watch Survivor. I'm not a camper. I don't know how it works. But on Survivor is like one of the mainstays is build a fire. That's how I view building a community. Like when you build a fire on Survivor, it's like, first you're going to like take the flint and you're like just got to shave the magnesium off the flint. Boom, boom, boom. All right,
Starting point is 00:27:35 now you got enough of that. And now you're going to like, you know, add the next piece. You're going to like try to get that to catch. And then as soon as it catches, you got to very carefully. Don't let it like extinguish. It's so like fragile at that time. You got to start adding the little like brushwood or whatever. I don't know the words. But like there's a certain type of thing you add next. Then you add the sticks. Then you build and now you have this raging bonfire. To me, That's like what building a community is like. I've seen the people who actually do that, that like really hard work of shaving the Flint first. And I'm like, oh, shit, that's what it takes to do these, like once these communities are actually up and running.
Starting point is 00:28:07 I've seen it once or twice now. I've seen you do it as well with trends where you were posting every goddamn day in the trends group for, I don't know how many months. That was your Flint phase where you were just shaving magnesium onto the wood. So let me tell you about something that we're launching at the hustle. You guys can use it or not. I don't care. I'm not pimping it out right now, but it's related to this. what we are launching tomorrow on Tuesday.
Starting point is 00:28:29 This podcast comes on Wednesday, so it's actually already live. But I don't even know if you're going to be able to find it yet. But anyway, it's called Hustle Plus. And what we're doing is we're kind of launching something just like this, because I'm obsessed with these types of products, and I love these things. And so when a user signs up or they can click out of the email once they're already a subscriber, and they can tell us, they can either explicitly tell us what they like or implicitly, we can see some of your behavior.
Starting point is 00:28:53 And then we're going to have a section of headlines. And in order to get those high headlines, we built this tech that crawls the internet and finds the most shared stuff and shared headlines. And then let's say that you tell us or you click on a bunch of articles related to media. And we tagged all the links like this is a media and a bootstrapping story, whatever. Right. You're going to get those links in your email. So you're going to get the hustle, which is like 2,000 words of like editorial stuff.
Starting point is 00:29:20 But you're going to have one huge section with 10 or 20, just headlines. then we're hiring a team of editors to write a one-sentence description of that article. So it's part human, part machine telling you interesting stuff. Very similar to Hacker News, Tech meme, things like that. So that's actually, we... That's cool. Yeah, and so I'm doing that because I love these types of things. So it's basically a hack...
Starting point is 00:29:48 It's very similar to a Hacker News, not so much user submitted right now, but kind of a similar idea. So I love these businesses. And we've talked about Drudge Report. I think that if you can get this to work, it takes a ton of work up front, very little work to maintain. Yes. Yes, exactly.
Starting point is 00:30:06 Okay, so let's switch topics. Let's do one of the other ones. 75 hard. 75 hard. Okay, so you've done a ton of research about 75 hard. I've had so many friends talk about this. Friends that mostly are not fit, and this has inspired them to get fit.
Starting point is 00:30:21 Okay, so tell me about it. that part. I haven't heard any, but only Ben has told me about it. Oh my gosh, everyone is talking about this man. So do you remember Van Trump report, the newsletter guy? Van Trump report? I told you about this guy who's got this newsletter that crushes it in an ag tech. I became friends with his son. His son lives in Kansas City. He's kind of talked to the southern accent. He's not like a techie. He came over to my house because he was visiting in Texas. He's like, hey, I know you have a gym. I'm on my last workout. I need to come use your gym. Can I use it? And then another friend, Sujan Patel, has been doing it.
Starting point is 00:30:52 And 75 hard has taken over, like, my friends. And they commit to it like a religion. Like, they don't miss it. Right. So describe what it is to somebody. And then I have a bunch of thoughts around it. So 75 hard. I think what it means, it's only got like six rules.
Starting point is 00:31:07 It's basically you have to do for 75 days, two workouts a day. Each workout needs to be 45 minutes. One workout needs to be outside. I don't think either workout needs to be particularly hard. The only rule is that you have to sweat. The second rule is you have to have a diet for all 75 days. It doesn't matter what diet. You just have to do it.
Starting point is 00:31:29 And that might be it. Is that the only rule? I think that's it. So I had heard about this. Ben told me about this a little while ago. And then today, he's like, check out the app charts. And it's the number three paid app in America right now. I said, wow, that's kind of amazing.
Starting point is 00:31:43 And so I started looking into it. And I actually didn't do a ton of researches on 75 hard, but I researched this category. I'm very interested in this category. Let me finish the story on 75 hard. It started by this guy, Andy. I don't know his last name. You wrote it here. I don't want to...
Starting point is 00:31:54 Yeah, for Shillah. Okay. Everyone makes fun of me because I can't say stuff. He's actually based out right near me, Fenton, Missouri. He has a supplement company called, I think, Forma, and it does about $200 million in sales. He was in my local newspaper because he... They bought a $20 million building and invested it and made it nice. So I think it's legit.
Starting point is 00:32:13 He's had several supplement companies because I was like, who is this guy? Because if you Google him, it's like, it's one of those... flag type of profile. It's like entrepreneur, speaker, bestseller, coach to celebrities. You know, it's like, oh, fuck. What have you done? Who are you? It's screen.
Starting point is 00:32:27 Not legit, but he is legit. Exactly. And I mean, I can't shit on it too much. Like, I'm a big Tony Robbins fan. And if you were to describe Tony Robbins, it'd be very, very similar. And like, but you kind of got to dig in and be like, I definitely, what I don't do is I don't take that at face value. Right.
Starting point is 00:32:42 Cool. So what are those businesses? Okay, great. What is this book? Like, you know, let me, let me check this out. Let me get a sense here. So this guy's got actually one of the top podcasts in our category, in the business category. As I said it's called MF CEO or something like that.
Starting point is 00:32:56 Oh my gosh. You know, mother F and CEO or something. He's got a big Instagram following. So who is this guy? From what I know, which I just did a very quick dive. Actually, I'd love to have this guy on the pod. He basically he started a couple supplement companies. I think first was like a brick and mortar supplement company called something supplements, super supplements or something like that.
Starting point is 00:33:17 And he's got, he's done that two or three times. third one is called form one and that's i think biggest one it's been the most successful and the hook or the tagline is like you know these brands do over 100 million dollars a year so okay he's in the supplement space he did well with that great and then he like translated that into like a life philosophy and i think he preaches kind of he's like a bit of the jaco willing like kind of school of thought which is just like you know it's hard man up do it yeah man up do it grind hustle blah blah those are the words right so he's like Gary V if Gary V was like jacked you know and so he's like you know in that that fame that's the outsider haven't got I have not drank the Kool-Aid of what his
Starting point is 00:33:58 stuff is that's my outsider quick point of view okay great but I started thinking about this category by the way I just want to I'm going to cover your ass here Sean sounded it so did I a little dismissive of this guy I yeah I don't think you are trying to sound that way and neither am I think this guy seems like a good dude. I view it very much in the, like, I can have two thoughts at the same time. One thought is, oh, when I hear this stuff, it's usually a bit of hand wavy. And usually these people are kind of like stereotype. They're kind of caricatures.
Starting point is 00:34:28 But also, they're probably like actually giving out good information, inspiring a lot of people, have had great success in their life and live up to a lot of these things. And like, I think both of those are kind of true. Like I kind of make fun of Gary V. But I think Gary Vee is built like kind of an awesome brand and an awesome company and he's an awesome guy. Like, you know, like, I don't know personally, but I can simultaneously make fun of the character while also being like, you know, respect. You did your thing. Like, you did the thing you want to do. And that's not easy. Most people do nothing. So,
Starting point is 00:34:55 props for not just doing nothing, but doing something very unique. So this space. So I'm very interested in this for kind of a reason I've actually considered launching something like this. So that's why I looked into it. So 75 art. I'm very interested in these time-bounded challenges, time-bounded program. So the big one that I personally had experience was P90X. So I don't know if you, did you ever do P90X? Of course. Tony, Tony, what was the name?
Starting point is 00:35:21 What was the guy's name? Tony Horton. Tony Horton, of course. Here's the kind of backstory of P90X. I think it's interesting. There's this company called Beach Body. And what Beach Body did was, it was started by this guy, Carl Deichler. I would consider him our Billy of the Week.
Starting point is 00:35:35 So he's a CEO. He's worth about $600 million. And this guy is kind of the king of infomercials and the king of sort of at-home fitness. So he created eight-minute abs. He created eight-minute abs, which was like he was inspired by buns of steel. He loved this like branding of a fitness program.
Starting point is 00:35:56 And he was pretty early and jumped on in the kind of early 90s this time, really started hammering infomercials on TV. That was his main channel. Like today, Facebook ads is I think the infomercials of today. But he was really the master. of infomercials back then. And so he's like, all right, I'm going to do, I'm going to create this company. And originally he wanted to call it, I think, like, so he's like, I want to start this company. He goes to his friends and family. He raises $500,000 from angel investor friends and
Starting point is 00:36:27 family. He says, all right, I'm going to test five products and I'm going to see what sticks. And they're going to be in this like fitness space. And the whole idea was like, I have this distribution channel infomercials. And I'm going to create products that are sticky that help people lose weight essentially, get more fit. And so he starts with, the very first one, I think, was Tony, he goes to Tony Horton. Tony Horton at the time is a celebrity trainer. So he's training Bruce Springsteen and like all these kind of like musicians and actors and actresses to Hollywood. So he goes to Tony and he says, let's create a product called Great Body Guaranteed. And he's like, oh, I love it. Great Body guaranteed. How can it miss? And he goes to, he tries to get greatbody.com
Starting point is 00:37:07 and it's taken. And so he's like doing his thing. He's walking around on the beach in LA, walking home one day. And he's like, he's on the beach. He just thinks, beachbody.com. He runs home, checks out, checks. Beachbody.com is available. So he grabs it.
Starting point is 00:37:20 And so he starts trying to produce these infomercials with Tony for this program. And they produced many, many programs. And he realized at the time, okay, like, I can't afford celebrity endorsements, right? Like, that's why Tony had a good name was because he was training for celebrities. But he couldn't really afford celebrity endorsements. So they start just trying to do like, like, kind of like, infomercials without that. So customer testimonial. So he comes up with this idea that the customer is the celebrity.
Starting point is 00:37:46 How do I make the customer a celebrity? And so what he, the initial batch of infomercials had all actually failed where he was just saying, you know, get a great body. And it's just super jacked people on screen saying how jacked they are, basically. And so instead, you know, it's kind of just money down the drain during that part. And instead, they try one version of the. infomercial where they took a few testimonials that had been sent in from their buyers that said, hey, look at, you know, this was me before and this is me now. And me now wasn't like, didn't look like a Greek god, but just like definitely looked better than the out of shape,
Starting point is 00:38:20 overweight person, you know, in the before photo. So they slapped those into the infomercial, like real customer testimonials. And boom, this thing starts selling like hotcakes. And so he realizes, oh, wait, the more authentic these look. And so he started curating, he goes, I want the, the customer testimonials to almost look like America's Funniest Home video footage. Like somebody at home, their cats jumping on them while they're doing a sit-up, their plant is, you know, dying in the background. They can barely hold their balance while doing the pose. And then you see the after photo 90 days later that they look great. And that was his kind of core insight that was working really, really well. And he was very differentiated because everybody else was who was doing at home was really
Starting point is 00:39:01 at this time was doing like some gimmick product like Thighmaster, Abroller, Bowflex, like selling some equipment, this equipment will solve your problems. And instead, he was like, no, no, no, no, I'm going to make a promise. You do my program for 90 days, you get this result. And that promise marketing was much better. And that's what 75 hard is too. It's another variant of this promise marketing. Well, there's a tight difference, I think. So if I, I don't know, I don't think it's like this anymore. But when 75 hard first started, it was around as a free movement. So basically this guy would say like, all right, everyone, it's that
Starting point is 00:39:35 time of year. We're doing it. And he would do it. It's like no shave November. Yeah, I forget the months, but I've seen it for a couple years now. And he would basically, I guess, Instagram, like now's the time for the challenge. And I think he did it for like maybe 40 years before it even became a thing.
Starting point is 00:39:51 So P90X, I think it's a you enroll and you have 90 days to get it done. This 75 hard thing was a, you know, November 1st. Get ready. Like, you know, time to get seasonal thing. Yeah, and it worked really well. I guess is 75 hard now, like a rolling 75?
Starting point is 00:40:06 I think it's, I think so because they have this app. So I don't think it's just one time of the year. But, and if it's number three right now and we're in June or we're in April, so I think, you know, it's definitely not the November thing as it was before. And so just to go back to Beachbody, so Beachbody, the company does over a billion dollars a year in revenue, just to break down their business, they basically, so he comes up with this concept of a gym at home instead of a home gym. So it's like, how do you do the gym workout at home?
Starting point is 00:40:34 And he's like, okay, we have, we're going to use infomercials, and we're going to use DVDs. DVDs are going to be great because you're going to be able to put it on your TV and you do it whenever you want, sort of on demand. Great. And so he starts selling DVDs. And the DVDs do well and programs like P90X are part of it. And for P90X, it was actually a little bit of a pivot for them. There's actually these cool videos on YouTube of them in their meetings. And he's pitching this.
Starting point is 00:40:56 He's like, okay, look, right now we're all about losing weight. it's all weight loss, it's all like kind of like belly fat. That's the market we go after for Beachbody. But for P90X, I want to do something different. He's like, we need like an extreme program for the muscle builder. He's like, I noticed there's all these magazines like men's fitness and muscle, muscle monthly and all this stuff where people are really trying to like build huge muscles. And so let's set out the tenants for this thing.
Starting point is 00:41:21 And he's like doing a presentation. He's like, this is not for beginners. This is at home. This is meant to build muscles. Get shredded. you're going to get shredded in 90 days. And he's like, that's the promise we're going to make to the people. And so I like seeing these meetings where people are like coming up with the concept
Starting point is 00:41:38 that then takes over the nation type of thing. And so their model is you have the DVDs. And then he's like, okay, cool. Distribution through infomercials was good, but we've kind of hit our limit there. So then he took a page out of the MLM-LM playbook. He's like, here's what we'll do. We'll get our most successful customers will become our coaches. We'll teach them how to.
Starting point is 00:41:58 sell this program for themselves, how to be their own mini Tony Horton. So they go and they build this nationwide network of 400,000 coaches. And then, of course, the coaches can train other coaches and they can keep a share of their revenue, right? Classic MLM, multi-level marketing. Some people call it a pyramid scheme or a Ponzi scheme. But there's a legal way to do this and he's doing it the legal way. And so the top coaches in the...
Starting point is 00:42:19 Yeah, and I think in his case, it's an... I'm reading all about them. It's an MLN, but it's not... I don't find this to be unethical or bad. I mean, it's just... He's making customers sales. people for him. So I was once talking to a friend and he was like, dude, we need to create this product and we'll do it. We'll sell it as an MLM. And I was like, dude, MLM, isn't that like,
Starting point is 00:42:37 you know, isn't that like a sin? He's like, why? He's like, it's basically, you get your, your hardcore believers. Do I know this friend? You own them with the ability to sell it. You know the friend. Yeah, I think I know. And I think they love MLMs because an MLM almost bought them. Yeah. And MLMs inherently are not wrong. Now, exactly. The way he described it, he goes, look, there's a knob. Think about this way. This is a model just like affiliate marketing or any kind of viral marketing. You basically give people products and let them sell it.
Starting point is 00:43:08 There's a knob, though. The knob is kind of like your evil knob. And you can turn it down to zero. And when you're at zero, you're basically saying, hey, if you're a fan of our product, you can become one of our coaches. And there's no minimums. You don't have to subscribe to this monthly thing. You don't have to like, you know, do this the wrong way.
Starting point is 00:43:26 Or you turn it up to 12 and you go super evil. and you basically say, hey, dude, you can become a millionaire if you become one of our coaches. Look at this guy. He's a millionaire. Don't you want to be a millionaire? And then you basically get them to sign up for this thing where they have to pay you $100 a month. They have to buy $10,000 a product. And now their kids' bedroom is full of like this, you know, hair loss, you know, shampoo treatment that they need to sell. And then they can't sell. But they bought $10,000 worth and you made your money anyways. And then they go broke because they try to become one of your reps. And like you, that knob is like in your control to turn how screwed up you want to be with it. And so anyways, I think Beachbody is like somewhere in the not so evil category, from what I know. Their top coaches and trainers make about like $2 to $3 million a year. And a lot of that revenue, again, comes from the coaches that they brought on board. They get a percentage of their sales. And the company, by the way, Beachbody, I'm reading all about their CEO and he's giving an interview.
Starting point is 00:44:20 And he says they do this year in 20, they'll do a billion in sales. And they do about 10% EBITDA. So 100 million in net price. profit on a billion in sales. Yeah, I'm surprised it's not better. The way that they describe their model. The way they describe their model is like they have the DVDs, which now has become streaming. They have the coaches to go like distribute those.
Starting point is 00:44:45 Like that's their sales, their sales force. And they make all their profit on the shakes. So the whole thing comes down to this like shake product they have called shakeology. And basically it's like, okay, the streaming or the DVDs, the content is good, but it's not like it costs so much to market it. It's not that good. Okay, you know, the coaches, well, you got to recruit them, you got to train them, they got to sell. They're good, but they're not that good. The shakes, it's like $130 for your one month of nutrition shakes. And that's like pure margin. It goes back to that Andrew Priscilla guy's like supplement company. It's like, they make all
Starting point is 00:45:16 their money. The profits come from the shakes. And the whole thing with the coaches is like, cool, we get you hooked on this program and then you want better results. You know better results. You got to trim up that diet. Hey, here's what I do. I drink these delicious. shakes. They're so tasty and they are... I didn't know they own psychology. I did not know that. Yeah. So that's their, that's their model. So I think BeachBody is a pretty fascinating company. I think that these, I think that marketing your product as a X days promise is a very smart idea because you're basically saying you're going to get this result in this much time, whether that's eight minute abs or P90X or 75 hard or it's that diet, whole 30, where you're
Starting point is 00:45:54 going to do 30 days of eating whole foods only. Like, I've seen this. works so many times. I'm very fascinated by it. I don't know why it works in the psychology of the customer, but it definitely does work. And then the last piece is, I think one of the reasons it works is because customers can sort of commit to like, well, I can do this for X days. That doesn't sound too hard. 90 days. I can do anything for 90 days? 30 day diet? Okay, like maybe I'm not going to change my diet and become a vegan. But can I eat whole foods for 30 days? All right. That's a challenge. And I thought it was very interesting the way he talked about this, which was there's two ways to market it. He goes, we've always marketed our products as you can do it.
Starting point is 00:46:31 Like, this is so easy, you can do it. And what 75 hard in P90X do is the opposite. They go, can you do it? It's a challenge to you. Like, I don't know if you can do it. This is it's hard. Right. So then they started creating all these, they have two versions of their marketing.
Starting point is 00:46:46 You can do it marketing and can you do it marketing? And I love that. I thought that was such an interesting way of like thinking about your business. They have a program called insanity. Why is it called insanity? Because it's meant to sound super fucking hard. and too crazy. And why is P90X?
Starting point is 00:47:00 It's the extreme home workout. It's not that easy beginner sit-ups and push-up stuff. This is the extreme. So I thought that was pretty cool, too. So what were we going to launch in this space? So I've been working with my trainer now. And I'm actually like, I've hit some tipping point where I'm starting to get results. Like I look at my body.
Starting point is 00:47:16 Like during the, during our sessions in my garage, we work out in my garage. There's this one area where the sun like comes into my garage. And the shadow is just perfect. And I look fucking great. And I'm like, dude, I need to stay in here. That's how it works with exercising. It's like no results, no results, no results, boom, it all kind of, it feels like it happens. Dude, that's how everything valuable is like slowly, slowly, slowly, then suddenly.
Starting point is 00:47:39 And so it's like, all business success works that way. And I'm now saying even fitness success works that way where there is a tipping point. And where now the workouts, I don't dread them, I enjoy them, I'm looking forward to them. I feel bad if I ever miss a day. Whereas before I was like, sweet, snow day, don't have to work out. You know, like, I was looking forward to missing it. now I'm looking forward to doing it. So anyways,
Starting point is 00:47:59 I was talking to my trainer and I was like, dude, I'm going to help you. I'm going to help you create, because he's always hearing me talk about business. And it's like he's a black button fitness. I like to consider myself like really good at business. And we're trying to help each other out.
Starting point is 00:48:12 And so I told him, I was like, do you do this. Like, why don't you create like, he's a gym to me. He's not like a normal trainer. He's like,
Starting point is 00:48:19 I've told many stories about how he helps my mindset and all this stuff. And he's really cheap too. I'm like, dude, I'm like, dude, you're a cut above like, of most people, I was like, we should create one of these where it's like, I was like, just with my friends, like, just a people I know in my, my, my life who if I post a photo of me today and I post a photo photo of me like a few months ago before I started working out with
Starting point is 00:48:39 you, like, I'm going to post that before and after photo. That's my own pride moment of like, I did it. I actually turned the corner of this thing that's been forever a really hard thing for me. I've never really considered myself fit or shredded or like, been proud to take off my shirt. And I think I'm going to get there pretty soon. Like within a few months, I think I'm going to get there. I was like, when I post that after photo, I was like, we should open up something that says, if you want to do it, like, let's create our own 90 day program and like let people in.
Starting point is 00:49:04 Because I was like, the way I was thinking about it was he has this philosophy, which is like, we talked about like, how do you feel when your friends get successful? And I told him honestly, I was like, yeah, like, it's been hard for me. Like, when my friend, Sam sells this company for 10, all of a sudden, Sam's got tens of millions of dollars, that's like I'm happy for you. Yes, I'm not like not happy for you, but there's a bigger part of me in that moment right when the news hits. That's like, oh, fuck, I'm behind. Right. And it was like the honest truth was like, I get kind of jealous or like, I'll get kind of envious. And so he helped me sort of reframe that in my mind. This is not about you, but like,
Starting point is 00:49:42 it's been this way for decades. You know, like I always felt this way. If somebody's successful, like good for them, but bad for me. And he's like, you know, it doesn't have to be that way, good for them, bad for me. It can be good for them. It's good for me. He's like, it's just this philosophy you got to have where do you carry yourself where you say it's not just that I'm going to win. I'm going to help bring up all the people around me. We're all going to win. And it's going to be more fun that we're all going to win. He's like, you do this with investing, right? You share your deals and you co-invest and you want your friends to invest in your companies because when you win, it's more fun to toast together and drink together. He's like, same thing
Starting point is 00:50:14 with like all aspects of life. You should be thinking about I'm not just going to win. I'm going to win so much. There's going to be so much success around me that all the people around me are going to be successful too. So anyway, long story short of, I heard him tell me about that and I took it to him. I go, I'm going to help you build a business that does this. I'm going to take the thing you're really good at that you're doing for me. And now I have him working with my sister, my mom, my sister's kids, my sister-in-law, I pay, you know, like, we do all of their fitness now through him. He's like my family's personal coach. Really? And so I'm like, yeah, he's doing, we're his only clients anymore. It's just like my own family. What, uh, can you like tell me what you pay this person?
Starting point is 00:50:52 No, I don't want to put him on blast like that. You want to say his name? Or do you want to even hide him? Yeah, I call him JA. That's his name is John Alexander. So he goes short for JA. And he's not being on social media and nothing like that. Like he doesn't try to be like some influencer guy or whatever.
Starting point is 00:51:07 A trainer? Yeah, he's a trainer. That's what he's been doing. He's been, you know, fit his whole life. And, you know, he's really good at this. I think I see him. A shaved head white guy? No.
Starting point is 00:51:17 I'll send you his Instagram later. But basically, I want to, I want to help him be successful. I think we can use one of these, like, I think we can use this model of this P90X or 75 hard. Let people commit to something that's reasonable for them. That's the way I did it with him. I was like, all right, I'm going to commit.
Starting point is 00:51:35 I don't know how good you are, how bad I am. I don't know if I can do this long term, but like I'll commit, I'll give you 30 days to get my ass off this couch. Like, I'm just, I'm sick of this. Get my ass going. 30 days, I will do anything you fucking say. One hour a day, I will sweat my ass off.
Starting point is 00:51:48 And like, that got me hooked. And so I think we're going to come up with some program like that. We're like months away from actually launching something. But I want to do that because I think, A, I want to share him with more people. And B, I just think this is a cool business model. Why do you do everything you do?
Starting point is 00:52:04 Why, like, why do you not focus more on one or two things? And I criticize you. I don't criticize you. I challenge you often. Why continue? Why do this, do that, do that, do this? Why not just do one thing and crush it? because your answer might be, well,
Starting point is 00:52:24 because I just want to explore and see everything out there, but it's pretty obvious what you're good at. Which is what? I have a feeling that your rolling fund is going to be wildly successful. I have a feeling that, like, you pull a lot of the weight on the podcast because you're very good at content. Why do everything instead of just be the best in this little lane? I do think about that.
Starting point is 00:52:50 I think I've graduated out of being an operator. I no longer want to operate one entity. The only entity I want to operate is, you know, Sean Coe, my life. And when I think about like what would be the most exciting version of that, how do I, how do I marry this part of me that's just super curious? And every day, you know, I want to go down the rabbit hole and learn how 75 hard works and, you know, P90X works, right? Before this podcast, I would do that anyways.
Starting point is 00:53:18 I just didn't have an excuse. I didn't have an outlet. I would just do the research, shove it in my head, and then I would go about my job and my life and I would keep running my company, which had nothing to do with fitness, right? This podcast was a cool thing because it gave me an excuse to do more of that thing I'm interested in. I do good at, and now it's a win-win. Now I go down those rabbit holes. I learn those things. I come here, I share the learnings, and cool, we get you're going to step three, which we're both doing, which is, and then you like, oh, I think this is actually a really good idea. Let's go put money again. And then I see the company. And then I basically say,
Starting point is 00:53:49 Cool. Now I'm going to invest my money. I'm going to share my knowledge to an operator who can go start that business. And so this will be my trainer's business. It's not going to be my business. But I will plant the seed with him that. Hey, this would be great. And I'll do everything in my power to help you be successful. Meaning I'll give you seed funding. I'll be your customer testimonial. Like that's on me to get, make my after picture better than my before picture. And then lastly, like, I'll spread the love. I'll spread the word about your thing when the time comes whenever you're ready. Like I wasn't planning on talking about it today. It's just coincided with us talking about beach. So anyways, I would say like, that to me is a more fun life. I basically decided, all right, I want my life to be where I wake up and whatever I'm most curious about, I go do because I have a way to monetize my own curiosity. I have a way to monetize my own learnings. Okay, so how do I? That's what I've decided is my thing for the next decade. I'm going to push back there a little bit because I actually think that that your premise might
Starting point is 00:54:42 be a little flawed here, which is I'm going to wake up and I'm going to do what I want. I'm going to, no, no, no, I'm going to go learn. about what I'm most interested and what I'm most curious about. And I would actually challenge that a little bit because it's like, well, you're kind of implying
Starting point is 00:55:02 that you're each day you're going to do a new thing. And I don't necessarily like for crypto. Like I've spent months in crypto, right? Because years of curiosity, but then like months of pretty hardcore curiosity around that. I think that's good.
Starting point is 00:55:15 And it's become like a bigger part of my portfolio of time and money. And so same thing with e-commerce. I got more interested in e-commerce, right? Same thing with live streaming. For many years, it was all about live-streaming. So these don't have to be every day. It's a new topic.
Starting point is 00:55:29 I think that would be a bit extreme. But with the podcast, yeah, we do two of these a week. We talk about three different topics each time. We're by no means experts at any of those. It's like very kind of like off-the-cuff type of conversation and research. But I think it's like the way I think about it is like Tim Ferriss has done this. If I've seen anybody do it, I think that Tim Ferriss has done this where he's very curious about certain things that he wants to go learn.
Starting point is 00:55:53 So then he goes, talks to people in that space. He does experiments on himself. He reads books about that topic. He reads research papers about the topic. And then he packages it up into something that's sellable sometimes. And sometimes it's not sellable. And it's just for him. It's just for his own curiosity.
Starting point is 00:56:08 I think I could do that. I think I can create the new business model of being Tim Ferriss. So that would be what's my one thing? I think it's that. But to the outside, it looks like a lot of very, variety. And to me, that's good. Well, I'm not trying to criticize it here. I'm just trying to bring in a different perspective because I was thinking about, I saw, I know this guy who's like getting
Starting point is 00:56:29 something off the ground. And I see him constantly talking about like side projects, day trading, um, Bitcoin, yada, yada, yada. And this business is related to something totally separate. I'm like, what are you doing, dude? Just like, lock yourself in the room. Don't do anything, except for like be with your family, exercise, and like work on your thing. Right. Because like it seems almost not impossible. Some are really good at it. But for most, it seems almost impossible to create anything meaningful without a maniacal amount of focus,
Starting point is 00:57:05 at least early on, for an extended period of time more likely than not, though. I think that's true. I think that's true. And it would be definitely true if I said, oh, I'm going to go start a company, I'm going to raise much money and this is going to be, I'm going to make this huge company. I'm not doing that. That's not my thing right now. So, like, when I was doing that, I didn't have a podcast.
Starting point is 00:57:25 I didn't have a fund. I didn't have a blog. I didn't have a girlfriend. I didn't have many things. I sacrificed on many of those because I was all in sleeping at the office 200 days year. I just know that that's not what this next phase looks like for me. I could do that again. I don't really want to.
Starting point is 00:57:42 And so I'm trying to see, is there a better model for me that that is more, that feels effortless to me. That always felt like a lot of effort. And I think that there is a version of life that it doesn't have to be so hard. I think it can be speedy and easy. I think it can be effortless if you're doing the thing you really enjoy doing. I agree with that on a day and a basis. I wouldn't use the word effortless, but it's a rewarding. Like when you play, do you feel like you're working hard? No, like I can go play basketball. I can be really tired by the end of it, I mean, fatigue because I've played basketball for three hours. But at no point in it would I feel like I'm having to like do something I don't want to be doing.
Starting point is 00:58:17 Oh, no, I actually just do that. I mean, if you want to use that play thing, like I don't always, I love to exercise, but I don't always want to go do it, but I'm always happy that I did do it. And like, oh, I don't want to do it. Because to me, working out is not like play. Play is a really specific word. Play is like, you know, I could be tired from my job. I'll come home and I can play video games.
Starting point is 00:58:36 And video games take actually like, you know, focus, hand eye coordination, strategy, talking to your teammates, all that stuff. but because it's fun, it doesn't feel like work to me, right? And so I'm interested in play now. I'm not interested in hard work. So where do we go from here? I think we might wrap it.
Starting point is 00:58:55 There's been a little, we went on kind of tangents there. I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off. On a road, let's travel, never looking back.

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