My First Million - How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, QVC for Mobile, and More
Episode Date: December 7, 2021Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) break down Mr. Beast's Squid Games recreation and talk about how he was able to get 100M views in less than four days. They also discuss a number of bu...siness ideas including chrome extensions, building QVC for mobile, and more. _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. _____ Show Notes & Links: (00:26) - Recapping Sam's conversation with Noah Kagan. (05:38) - Recapping and breaking down the Mr. Beast Squid Games (22:45) - Sam's real estate YouTube project (30:55) - Ad Block and chrome extensions (36:20) - Rolling up gaming platforms (44:05) - QVC for mobile (47:48) - How to get numbers out of someone who's reluctant to share (52:25) - Levels.io and remote work
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When you go fish in a part of the pond that nobody else is fishing because everyone else thinks the water's too deep and it's too scary over there.
The rewards are like disproportionate even to the effort and the work that goes in.
All right. What's up?
What up, dude. How are you down?
Who did you have as a guest on the last episode when I was doing my own episode and then you tweeted out you wanted to guess who came on?
Two different people.
The first was our own Ben.
And so Ben and I did an episode where we talked about like things, people in his,
and if there's any commonalities between a bunch of them.
And then Noah Kagan, my friend Noah from Absumo,
I asked him if he would come on and he said, yeah.
So I just recorded two that day.
Cool.
Did they turn out good or, you know, amazing bad?
Noah, Noah was good.
Ben and I's was good as well.
I just hope that I don't know if that top, the topic is going to be a winner.
So we'll see.
Noah is amazing.
Do you know about absumo?
I know like loosely about Absumo.
So here's what I know.
I tell you what I don't know.
So what I know is.
that app sumo is basically it's a website where you can go to get like kind of software deals,
I would say.
They kind of like they go find cool software.
They make a deal.
They say, hey, we'll get you in front of like whatever, 50 million people.
But you got to offer a deal to our audience, like sort of Groupon style or Woot style.
And apparently he's doing extremely well.
He's been doing it for long as time, 10 plus years.
I think it does over 100 million in revenue.
So that's what I know about it.
Almost all right.
So Absumo started at.
basically Noah, he emailed the founder of Imager and basically said, hey, you guys charge $10 a month.
If I give you a bunch of new customers at $6 a month, can I get a little cut of the pie?
Right.
And that's how we started. He made $10,000 doing that by emailing a bunch of friends.
Eventually, it kind of still is this way, but they're becoming more of a marketplace and a website.
But for like the last 10 years, it's basically an email list.
And I think there's only 300,000 people on that email list.
and they email out a few deals a week
where they find companies that say,
hey, give us a discount and give us a cut of the revenue.
And it was doing okay for years.
Some years it didn't do better than the year before.
Sometimes it did a lot better.
And I think it only did okay for a few years.
Now, after close to 10 years,
their goal this year was $100 million in revenue.
They're going to miss it by a little bit,
but he said they're going to get north of $80 million in revenue.
Now, he didn't say it on the podcast.
If you just Google it,
it appears of that $80 million in revenue,
they pay out 30% to their partners and they get around 60 or 70% of the of the actual revenue.
And he owns most of the company, has never taken any outside money.
And they have like 150 employees at this point.
Wow.
I didn't realize some of those things.
And okay, so 300,000 people on the list.
So do you know if they send out an email about some product, have they ever done it for the hustle, by the way?
Did they ever like, did you promote the hustle in there somehow or no?
Because it's already a free email.
I know. I don't, well, no, I don't think we've done it in a traditional way.
Trends, maybe.
But I think we've done trend, but we've not done it in a major way.
So you can sometimes they'll only send it to part of the list.
And I think that we've done like a part list.
But some of the partners, they'll make over a million dollars in one day.
Well, I guess my question is how many people take them up on their offer?
So how many do they need for this business to kind of work?
So is it like, I think it seems like maybe bigger than it is.
I wouldn't be surprised if it's like, yeah, a thousand people click the thing.
and a thousand people is enough for this business to work
when a thousand people to take the offer.
Is it a thousand or is it more like 10,000?
I would think that it's in the single digit thousands.
If I had a guess, that's how many buy.
Because the products are like $400 a year or something like that.
So you don't actually need that many people to buy
in order to make $500,000 to a million of dollars.
And they're sending emails constantly.
And now they have a website that people are doing stuff.
Now, here's where it gets interesting.
I asked him, how much could you sell this business?
for right now. He was like, the huge range is 300 million to a billion. I think that's what he said.
Right. Wow. Pretty crazy, right? It's, it's like. Noah, good job. Good job Noah.
And like a lot of things, like the hustle included, like people are like, and I say it as well,
well, it's just an email list. It's really simple. And yeah, that's true. It is just an email,
but there's definitely a machine behind it. And app sumo is like inherently quite simple.
They just holler at companies. They say, give us a discount and give us a cut of the pie.
And then they just email it out to people.
And it's so simple.
And it just creates so much value.
There's a Ryan Hoover did this a while back.
He created a list of big companies that started off as quote unquote, just email list.
So he created product time.
Product home started off as an email list.
Product kind got acquired by Angel List, which is like a $3 billion-ish dollar company.
Or more.
Angel lists started as just an email list, just a list of angels that he was doing.
Craig's List started off as an email list.
And so there was a whole bunch of products that started off as just an email list.
Some became more than that.
Some stayed an email list.
Groupon started out.
Groupon is basically was an email list for a long time.
Right.
And so, you know, don't underestimate.
Do not underestimate email.
That's not tattooed on Sam's back.
Do not underestimate email.
Let's talk about a couple things.
I have another business idea.
I have another business I want to highlight.
That's a one of these like that's so simple.
Are you joking?
That's the business.
But first, before we do that one, we got to talk about this Squid Games thing that happened,
the Beast Games by Mr. Beast.
Did you watch it when it happened or have you watched it after the fact?
I heard basically Casey Nystad, who I follow on Twitter, was talking about saying Mr. Beast,
what he's doing with the Squid Games thing is one of the most epic things I've ever seen on YouTube.
And Casey Nystad is one of the pioneers of YouTube and him saying that meant a lot.
Yeah, exactly.
That's, you know, Denzel saying, wow, great acting in this movie.
So, all right.
So for those who didn't see it, all right.
So Squid Games was this ultra popular.
I think it is the most popular show ever on Netflix.
Those watch show.
And it's this kind of like crazy Korean death game show type of idea where, you know, a bunch of people enter this game.
And they're trying to win the big prize.
And then they get killed.
The losing is like you die, basically.
That's like this short version of it.
I actually didn't watch Squid Game.
So maybe I got something wrong there.
I did watch the Mr. Beast version of it.
So what did Mr. Beast do?
He basically decided I'm going to recreate squid games, but I'm not, obviously people
aren't going to die, but he did it even better.
So he invited 456 people to this arena that was built for this.
And the prize was the number one, the winner of the games was going to win $456,000,
runner up 10K, and everybody who went got $2,000 each.
And in total, the production plus the prize money, so I think he did about a billion and a half dollars of prizes and two million to build and produce it.
Three and a half million dollars is what he spent on this content, on this 25 minute video.
So let's talk about what happened.
So first, players showed up.
They're wearing the same outfits as in Squid Games.
It's like kind of green windbreaker jumpsuit type thing.
And they all have a number.
So player one, player two, player three, all the way up to player 456.
and inside their shirt they have this like pack
and the pack is like a
exploding paint.
So if you,
let's say one of the games is called red light green light.
The old like game we used to play as a kid
where if you say green light,
you start moving.
Red light means you got to stop.
If you keep going after they say red light,
you're out.
And so they use a green light.
Then he's a red light.
And if somebody flinched after that,
their little pack inside their shirt would explode
and red paint would come out as if they got shot like,
you know,
like the real squid games.
And then they would be.
be out and then hey you got to go to the next you didn't make it to the next game and so in the end
uh you know player whatever player 27 ended up winning 456 000 so here's i think this is amazing
and this ties into some stuff we've been talking about so just some numbers the video got about
130 million views in seven days which is crazy i think i i believe ben you can fact check me on
this i believe 130 million views is more than what the actual squid
games got on Netflix. Now Netflix is a paid service and whatever, but like, still. And people
watched, uh, like multiple episodes. Yeah, 12 hours of, of footage. It's still, yes, it's so
the fact that it's comparable. The fact that somebody just watched the show was like, oh, yeah,
we'll do like a backyard version of that and got a 130 million people to watch. It's insane. So,
he spent three and a half million on it. Just to kind of put this in perspective, um, that's basically
half the cost of a 30 second Super Bowl commercial. Wow. Really. Really.
Didn't you have a sponsor?
It was fully paid, I believe fully paid for by Brawl Stars, the big, the super popular mobile game.
So if you look in the arena where it was hosted, it's a giant Brawl Stars arena.
They have a huge logo that was in every shot.
And so for Brawl Stars, this is such a smart move.
They basically paid half the cost of a Super Bowl ad, got more viewership than a Super Bowl ad because you get 130 million people.
The video is like 20 minutes long, 27 minutes long versus a 30 second clip.
and this is an epic thing that's going to get shared.
And then they could take this content,
repurpose it for ads or anything else they wanted to do
after the fact if they wanted to.
So really smart.
You know,
for Brawl Stars,
$3 million is probably their daily,
is a one day of ad spend on Facebook or something like that.
Brall Stars is owned by Supercell
and Supercell is like the biggest game.
Publisher.
Yeah.
And so if I,
I don't know if this is how it would have worked.
If I'm Mr. Beast,
I think he could have,
so he would have gotten SuperSel.
sell to pay for the whole thing. So three and a half million dollars. I bet he also would have gotten
another like $500,000 just like there's a vague on top of profit. Yeah, just like just for that. And then they
would have probably, I would have said to them also I'm going to keep YouTube ads on this. And Mr.
beast, I get all of it. And so if Mr. Beast is getting a hundred 30 million views in the first seven days.
And if you do maybe $4 per CPM, that's around half a million dollars that he got in the first week.
Plus, I believe that...
His deal is going to be a lot better than $4 CPM
because he's the number...
He's like, you know, one of the faces of YouTube.
These guys have custom negotiated deals
that I would bet a lot of money
is better than the standard kind of $4 to $5.
What do you think it is?
I bet he's getting closer to $10 CPM.
So if it's 10, that's $1.3 million.
Yeah.
And just in a week.
In a week.
Plus, according to our notes,
it looks like he got 10,000 new subscribers.
10 million, million.
Sorry, oh my God.
10 million new subscribers in the first week and a normal week is 400,000 subscribers.
So he's 20xed his subscriber growth. So what does this do? He continues to be the content leader.
He gets 10 million new subscribers and those people are going to get notified for his next video.
He makes a million dollars on ads. He gets the whole thing paid for by a sponsor.
And this is a great example of something we've talked about before. We talked about this with Elon when
Elon does epic stuff like I'm going to go to Mars. We talked about it with, I forgot the guy's name,
Mark Lazarie or whoever it was that's building that epic train train system in America.
I ranted about Disneyland last week because, again, when you shoot for these epic projects,
things that get people inspired and excited, it seems like it's harder to pull off,
but in many ways it's easier to pull off because you'll get talent to pour in because they want
to be a part of something bold.
You'll get sponsors to pour in because they want to bet on this epic thing that's going to happen.
And they know that it's going to get a lot of visibility.
And you get your own motivation to get out of bed every day
because you're working on something that's so grand that you're motivated.
Everybody does their best work.
And people tune in to watch, which is like, so Ben just looked it up, 140 million, 142 million people
watch Squid Games on Netflix, 132 million watched Beast games on YouTube.
So about the same one to one.
So you get disproportionate prizes when you go fish in a part of the pond that nobody else is fishing
because everyone else thinks the water's too deep
and it's too scary over there.
The rewards are like disproportionate
even to the effort and the work that goes in.
I had a friend, it could have been Noah, in fact.
You know, Noah, who we talked about,
he was the number 20th or something employee at Facebook
and he got fired nine months into his employee
working there.
And so he didn't get any of his equity.
But I have a friend who spoke to Mark Zuckerberg
and he said to Mark, you know,
why don't you just sell the company for a billion
or why are you raising all this money?
Like things are growing.
He's like, look,
it's good. I only have 24 hours in the day and I'm only going to work the same amount of time in the day,
whether it's big or small. So I might as well make it as big as I possibly can because that's what
interests me and it's just as hard. It's equally hard to go big as it is somewhat like mild success.
And that's a perfect example of what Mr. Beas has done is it's actually of equal work. You know,
it's the same amount of time of the day. But when you see someone building someone something so epic,
it's exciting. So many people who don't give a shit about Mr. Beas,
of which I am one of them.
I know about this and I cared about it.
Small ambition and large ambition take the same amount of effort if you want to win,
if you want them to work.
And that's exactly right.
And so I think this was brilliant.
I think this is another example of Mr. Beast being one step ahead of the curve.
You're going to see a lot more people try to clone this.
So the next thing that comes out,
you're going to see four YouTubers who are the wannabe Mr. Beast try to jump on it and recreate this.
And by the way, this wasn't the first thing he did like this.
Like obviously he's been doing stunts.
But he even did like a, I'm going to recreate Fortnite.
They like went to an island.
It was 100 people playing paintball.
And it was like a game of Fortnite.
And he made a video on that.
And I think it did well, but it wasn't this.
It wasn't this level.
But it's those reps that you, you know, you put in that give you the, A, confidence and
B shots on goal until you get something to work like this.
And I also was watching a clip of Mr. Beast yesterday.
Just coincidentally.
And somebody said, you know, you've talked about you want to be a billionaire.
You want to be the, you know, quote, unquote, the first billionaire creator, although there have been other creators that are worth a billion dollars.
So you want to be a billionaire.
And they're like, are you there already?
He goes, no, no, no.
I'm not there yet.
And he goes, I'm probably the cash wise.
I'm probably the poorest person in this room.
And they're like, no, no way.
He goes, yeah, because whatever I have is like paper.
It's not like, it's not liquid.
And any cash I get, I just reinvest the next, I'm reinvest in my videos.
He goes, if we make $3 million this month,
I'll put $3 million into the next video.
We have razor thin margins.
He goes, I just reinvest the whole thing into content.
I think on average, he said he said he was spending something like $2 or $3 million a month on his content.
I would have bet.
Which is wild.
I would have guessed that he made around $2.5.3 million a month in revenue.
I would have guessed around $30 million in revenue off his operation.
And so that makes total sense.
In fact, we talked to a couple people.
I believe he has, Mr. Peace has around 30 to 40 full-time people working for him.
And I actually recently read about like what I was like, what does it like to work with him?
And a lot of people complained.
They said, they said working with him is horrible.
He's horrible to work with.
And I was like, well, you know, what's going on?
Why?
And they go, he's a perfectionist.
I was like, oh, okay, so it's actually not that bad.
They would say, why isn't this good enough?
Why is this so bad?
And he would analyze every single frame.
And frankly, that made me even love him.
But there's something interesting about this, which is I actually think being him is exhausting.
because you have to go up every single time.
And so let me give you an example of two YouTubers
that are incredibly interesting to me.
Graham Stephan and Meet Kevin.
Do you know who those guys are?
I know Graham, Stefan.
I don't know Meet Kevin.
All right.
Meet Kevin, I think, is even more famous.
And he has 2.5 or 3 million subscribers.
He recently did a video and it was called,
here's my entire $50 million portfolio at age 29.
So I, and I noticed that he had done one of these.
All right.
I'm clicking.
Okay.
Of course I click. Double click full screen. Headphones on. And I noticed that he did another one of these like nine months ago or 13 months ago, something like around a year ago. And his net worth then was only 25. And I was like, what is going on? This guy is nuts. And so he's basically this guy, meet Kevin. I don't know his full name. He makes like three to four videos a day. And he is talking about like which stocks he's buying, which types of houses he's buying for investment properties. And he, he's, he's, and he's, he's, he's, he's, he's. And he, he, he's, he's, he's, he's, he's, he's, he's, he's, he's, he's he's. And he, he's, he
shows his entire portfolio and at the end he goes now here's proof and he logs in to all of his accounts
and you can see all of it screen chair yes which is amazing for many reasons one he's only 29 and he's a
YouTuber with 50 million dollars 50 million dollars how did he get that money so he's just off of
his YouTube or he had some other business that he started with at age 19 I believe he started as just a
real estate agent so just a normal guy okay and he made a little bit of money he
like a hundred grand a year, took that 100 grand a year and bought some properties and then started
a YouTube channel in 2010 or 2011. And he just started documenting about his real estate investing.
Slowly, that started making additional income. Using that income, he bought even more properties.
Eventually, he had like a course and things like that where he was making like one or two million
dollars a year. So a significant amount of sum or a significant sum. Then he took that money and he
started investing and started talking about what he was investing. And you could see this entire growth over
the last five years of his portfolio and how it's grown. Of course, it helps that, A, he's got now a
significant stream of like $4 million a year, I would imagine, and we're in the best bull market
of all time. And so it kind of works. But that's how he's done it. And interestingly, this guy,
Kevin, when Gavin Newsom was being recalled, Kevin ran for office. And there's this Republican
named Larry Elder who got second behind Gavin Newsom. Kevin was third with something like
hundreds of thousands of votes. And so it's this kid's amazing. And
And so that's surprising.
I feel like a YouTuber who's got a big following should crush any politician.
He doesn't have that big a following.
He only has 2.5 or 3 million.
It's not significant.
And it has to be a California above 18 voter.
So it's not like it's not significant.
But my point being with a lot of these YouTubers is this video was nutty.
And Graham Stefan did the exact same thing.
He goes.
Here's my prediction.
Mr. Beast or a Mr. Beast type person will run for president and will surprise people
without the type of following they get.
Because.
Oh, absolutely.
Whether you want to be president or not, you could, you know, I think the original Trump playbook was, I'm going to just throw my hat in the ring.
I'm going to get tons of attention and press.
I'm going to build my brand off the massive amount of attention that goes into elections and I'll be the kind of curveball story that everybody wants to cover.
Everybody's got an opinion on.
Like Kanye, Kanye did it or whatever.
He threw his name in.
You're going to see the wild, wild west of people trying to put their name in the hat for running for office or running for these kind of like positions that will.
sound, you know, how could a, how could a 21-year-old YouTuber be doing this? And they're going to get
a little momentum. And then that's going to create a press cycle. That's going to create more momentum.
I don't think they'll actually win. I don't think they even want to win. But it would just be a smart
move for the dog-eat-dog world of YouTube trying to get views. Yeah. And, but here's back to the
original point of getting views. What an exhausting life that you have to go. And I'm thankful that
Mr. Bees does what he does. I'm thankful that this Kevin guy and Graham are crazy enough.
enough to log in and show me their that is so cool they are fucking nuts that is nuts I had this exact thought
that is nuts I had this exact thought the other day we um I was to forget who I was talking to but
I was talking to somebody and it was like oh yeah that's a great YouTube I've had like five ideas about like
oh yeah if we did that as a YouTube video it would get clicks right like one was um I was going to
show how you can make $10,000 being a Santa like a Santa Claus for Christmas and I was like oh
this easy I'll buy the suit I'll show the economics of that I'll go do the thing that'll make for
funny thumbnail and it'll make for this little story that's semi-viral.
Another one is going and buying, buying fancy shit and like actually like Justin Con did a video
where he toured a $50 million home.
It was amazing.
And it's interesting content, right?
It's like super junk food that people in our niche, we just like to consume that stuff.
Like, oh yeah, what is it like?
You know, how do you do it?
How much money do you make?
How do you invest it?
And there's all these videos that you can make around this.
And every time I think of one, I think, that would work.
I think to myself, I do not want to get on that treadmill.
I just don't want to get on that treadmill because I know it's like the difference between
sort of like knowledge and wisdom.
It's like I know this would work, but I'm also wise enough to know that that is not a path
I want to double down on.
I do not want to double down on the treadmill path because I don't feel that way about
this podcast, for example.
This podcast feels ongoing.
It's a breeze, dude.
We show up.
I just shoot the shit with my friend for an hour.
people seem to like it.
It's so like it's two hours of my week that I like, I'm on the, I'm on camera.
I'm on, I'm being recorded.
And I don't have to like, and also because it's a podcast, I'm not like worried about how I look and the angle and the this and the that.
Like, maybe I should a little more, but I just don't.
Like the way that you do when you're recording YouTube videos and you have to edit everything and clip it and like do all these cuts.
Podcasting is podcasting has that risk reward ratio or that like effort reward ratio that works for me.
And this like YouTube treadmill, I think has a much bigger prize, but I don't want to win that way.
There's other ways to win.
And that treadmill is exhausting.
It's exhausting.
And there's a reason.
It's exhausting.
There's a reason why you don't see Casey and I said anymore.
I've watched a couple of recent interviews with them.
And he said, now I don't do anything.
He goes for those three years that are recording daily vlogs, everything in my life, everything in my day.
If someone invited me to dinner, I had to message them and saying, I can't, unless someone
interesting is coming or you want to go somewhere intriguing because it has to be content.
And I lost a lot of friends.
Me and my wife almost divorced and it was exhausting.
And now he's 37 years old.
He's financially successful.
And he goes, I'm not doing it anymore.
I have to take a break.
I think it's cool to dabble with it, but I am wary of the treadmill.
Now you did a video.
So kind of on the other side of the coin, you've been putting out your fitness content,
which I think is probably just fun for you and motivating.
It's fun.
And then you did a video that I loved, which was you put
video up on, I think you're own, just your personal YouTube channel of this real estate project
you're doing. So I wanted to ask you about this. Here's what, for those who didn't watch it,
here's the summary of the video. Uh, you bought a piece of land right next to your house. I think
like adjacent to or like literally my next to your neighbor. Your neighbor, you bought the neighbor lot
next to your house. And it's got this like really run down shack on it. Like it's a large
piece of grass with a really shitty shack that somebody was living in.
And it's like, it looks brutal.
Like this is like, you know, I wouldn't wish this on an enemy, these conditions.
So it looked like just like this rundown shack.
And you're like, cool.
Like here's the thing I bought.
And you broke down the economics.
You're like, you know, I brought this.
So how much does you buy it for exactly?
$650,000.
$650,000.
You bought the whole thing.
And you bought it leveraged or you bought it all cash?
Cash.
Okay, you bought it all cash.
Why didn't you borrow?
Because I wanted to purchase.
before they put it up to unmarket.
So basically the background.
It was a 90 year old couple
who owned it and they rented it to a guy.
And the day I moved into this house,
I used a little bit of research
and I found who they were. And I said, hey, you know,
just so you know, my name's Sam. I live
now next year of property. If anything ever happens,
you want to sell this, please contact me.
And so the man died on a Monday.
The wife called me on a Wednesday and said,
would you like to buy it? And I bought it on a Thursday.
Amazing. Okay. I love that.
And you're like, this is going to be my first
kind of like you don't know shit about real estate you don't know shit about building any like a home
and so you're like this is going to be fun it's going to be a hands-on project i'm going to kind of
document it as i go and then you had this spreadsheet which basically said all right look i bought it for
650k and and then you know in this in this area there's a sort of like a price per square foot
that you can get and here's the range and then i talked to you got bids from some contractors
and you were like you know i can you know on the low end it seems like you could build it for
this much. And then if I'm conservative and it might be more expensive than we think, it might cost
this much. So I might have to put a million dollars in to build the actual structure in the home,
modern ground up. And so, you know, I might be in for $1.6 million. But based on the,
the price per square foot in this area, I should be able to sell this for two. It should be worth
two or $2.5 like when I'm done with this thing. The margin of safety was really strong. It seemed like
just like an absolute no-brainer of a deal, assuming this is how you want to spend your time.
Right? Like the time is almost more expensive or the risk here more so than the buy is great.
You made your money on the buy, as they say in real estate, rather than trying to make your money on the sale.
Yes, but it's not taking nearly as much time. And I'll tell you why.
So what I did was before I even bought the piece of property, I found things in the area that sold for my ideal price per square foot.
Right. I went on Zillow and Redfin. I found the architect. And then I called them. And then I also called the builder.
And I go, hey, guys, how much would it cost to build this exact same home right now?
Right.
And they told me.
And I go, great.
Can you do that?
Yeah.
And I bought this a lot.
And I called them again.
I go, hey, you know that house that just sold for $1,000 a square foot?
Do that again over here for me, please.
So you're not trying to innovate and add the sandpark touches of like a, you know, a 3,000
square foot gym and like a thousand square foot house.
Like you're doing a normal house build out.
It's a normal house build out.
but I said make it a two-car garage because if I decide to live there, I'll build the gym there.
And that's basically it.
Yes.
I just said, I took a house that was crushing it that I just sold for a lot of money.
And I said, and I hired the same people.
Very smart.
Do it again.
By the way.
So I'm not, I'm not spending any time on it.
I spend no time on it.
Just the fact that it's next door also is surprisingly going to be like a 50% savings in the time
and headache that's involved with this.
Because like my family did this, we, we,
we had a house in San Francisco and then we bought a house two doors down. And just the fact that it was two doors down had like all these extra benefits, which was like it was super easy to go see. It was super easy to like manage any construction that was going on. It's, they like share a fridge in the garage. It's like, oh yeah, just use the extra fridge across the street. My sister runs a business out of one of them. And since she's able to manage it from like without having to get in her car and commute somewhere. And just the just it being like within eyesight and like a two minute walk. And. And like a two minute walk.
walk away is so important. And like if anyone's going to do a project like this, do not underestimate
that. I've now seen it a couple times. And I feel this way, this is my rule with friends and family also,
which is you want to live so close to your best friends or family that you could go unplanned to
their house. Like you don't need to pack a bag and think about, okay, well then how will I get what,
you know, when should we go? Should we beat the traffic? And then, you know, we're going to have to
head back for the night. It's like, I should be able to pop over and pop back unplanned because
it's so convenient. And like the difference between 15 minutes away and four minutes away is going to
fundamentally change the way, like the amount of times you, you see that person or do that thing.
So why did you bring up that YouTube video, by the way? Because that it was awesome. Oh, thanks.
And I just wanted to hear more about the like the actual real estate side of the side of the effect.
I think that the numbers are the way they're going to work out and not a lot of people believe me,
but I think it's going to happen this way. I'm going to make half a million dollars in profit or more from it.
I think there's a world where I make closer to a million than half a million.
There's, I'm going to sell it or rent it out.
There's a, I have a few options.
I can live in it and sell my home.
Yep.
But the way that all this math is going to work, it's going to be what both this house and
that house I'll have made around a million dollars in profit in like 18 months.
Right.
Because things just worked out.
And so I'll make more from this real estate project than I will.
My entire hustle salary combined ever.
And it only in this project, for example, but you're going to have to invest, right?
That's the, that's the kicker here.
So like you couldn't have done this back then because you didn't have a spare $1.6 million to go like invest in buying the lot plus building the home out.
Or if I did do it, it was like all of my money.
Right. Exactly.
So, you know, you would have had to go like completely all in on it.
Can I tell you?
What else we got?
Can I tell you about, let me tell you about a company that interests me.
Okay.
So I was talking to someone recently and I can't say who it is, but they had a.
Google Chrome extension that made something like $25 million in revenue with only two guys.
There's two people.
It's amazing.
Can you say what the extension did or no?
No, I, um,
roughly in the category,
uh, helping people on Amazon sell stuff.
Okay, cool.
So like, kind of like a, what's that thing called jungle scout?
Something in that world.
Yeah.
Um, and so basically, uh, I started, I got kind of curious.
So there's two extensions that caught my, caught my attention.
And the first, and they're basically the same thing with almost exactly the same name.
The first is the thing called Ad Block.
I think that's the one I use.
The second one is called Ad Block Plus.
So that's why it's a little confusing.
And so Ad Block was created by one guy in Georgia named Michael Gunlack.
And he just kind of built this thing in 2009.
And he's been the only employee the whole time.
And I went to his personal website to learn about him.
And he only has 55 followers on Twitter.
His website is called sorry robot.com.
That's his personal website.
And he has like Python projects, a unity game that he built called Asteroids.
And he even has an MP3 of him singing a Christmas song at church during Christmas time.
This is like.
By the way, his LinkedIn, his job description is just a guy.
Yes.
He is in Duluth, Georgia.
And it says, I am not available for work.
Please do not contact me about job opportunities.
I created ad block, the most popular Chrome extension for Google, Chrome extension and for Safari with around 20 million users.
it's neat.
Before that, I did some other neat things.
And he was the only employee.
And then I did some research on his competitor called Ad Block Plus.
Now, this company, they have a few more employees.
I think they've got 20 or 30 people.
And because they're based in Europe, when you're a European company,
oftentimes, at least in England,
and I know it's a lot of case in different European countries,
if you make over $20 million in revenue,
you basically have to file a report that reveals your revenue and profit.
And so I went and looked at this company called I.O.
It's called I.O. They own Ad Blocker Plus.
In 2017, they did $44 million in revenue and $26 million in profit, which is astounding.
And they had at least 100 million users. However, if you look in the Chrome plugin store,
Ad Block Plus has around 150,000 reviews. And it says they've got over 10 million users.
If you look at Ad Block, which is the one founded by this one guy, they've got something like 300,000.
thousand reviews and also it says 10 million users. And so there's potential that this one guy
had a business making all of this money, tens of millions of dollars a year, very likely,
tens of millions of dollars a year in profit just off a Chrome extension. Is that amazing?
This is amazing. I'm still on this guy, Michael Gunlock's website, sorryorobot.com slash resume.
Dot p.f. And I think you said this, but I was reading while you were talking.
talking. So he was an engineer at Google working on Google Ads and Google Ads Sense. Did you already
say that part? No. And he worked on Google and basically he goes, now fuck that. I hate these ads.
And so his job was he goes at Google. I kept the global at Google Ads and AdSense networks alive
and kicking. And my spare time, I built this other thing and I built this other thing.
You know, like because Google has that 20% time. He's like, I built this JavaScript framework,
blah, blah, blah. So basically he goes from working at Google and Google AdWords and AdSets to
creating ad block and makes $20 million, makes more than that off 20 million users who love
this thing. And what year did you work at Google? I believe like 2005. 2005, yeah, which is like
right after the IPO, basically. Yeah, so he probably made $30 million at Google, like, collectively.
That's what it's worth now. If he held it. Yeah. If he held it. So it made tens of millions of
dollars off that. And then reportedly, now the thing about this guy is everything's very quiet about
this guy. He's hard to find. Everything's impossible.
However, I think in 2015, an anonymous buyer bought Ad Block.
Interesting.
There's a world where it could have been sold for like $2 or $300 million.
I mean, there's a world where that exists.
Maybe it was lower, but it's a huge property.
It looks like he stopped working on Ad Block or it's sold probably 2015,
which is kind of scary because these Chrome extensions are a giant security hole for people
because Chrome extensions can like read and write all the data on your,
that as you browse the web.
So every email you're writing,
the text can be picked up by these Chrome extensions.
And even if they start off safe because, you know,
just a guy from Duluth, Georgia built it and he's an engineer who has the right intentions,
somebody who buys it with the wrong intentions can really like do some dirty stuff.
Yeah.
You know, with the data and even modifying it and things like that.
So you got to be careful with Chrome extensions.
I try to install the minimum amount of Chrome extensions as possible.
Yeah, they are pretty scary.
And yeah, they're nuts.
And but it's a wild business.
I think that what here's here.
So I love these extension style businesses.
There's a few platforms that I think are quite interesting.
The first, Google Chrome still makes a ton of sense.
The second, Shopify still makes a ton of sense.
Our friend, Andrew has a business where all he does is buy, buys Shopify plugins.
And it's market cap.
It's a publicly traded company.
is like in the $600 million range.
It's on the Canadian stock exchange.
But the third thing, which you probably have not thought of.
And the fourth thing, you definitely haven't thought of.
Salesforce plugins.
And then finally, Zoho plugins.
Incredibly interesting.
So we used to hire this engineer at the hustle.
And he was in another country and we would pay him 20 bucks an hour
to just build little apps for us for our sales team.
Yep.
And I think Zoho, I would imagine, which is like a sales horse competitor.
but a little jankier has an equal amount of users as Salesforce.
I think you can build a really great business just doing Salesforce plugins.
Right.
Yeah.
And we're rolling them up.
So I don't know if I'm allowed to talk about this, but I'll say it in a vague way.
Met a guy.
I heard about a guy that was rolling up games inside of a big gaming platform.
So there's like a very popular game.
And then there's games within that are little like modules people create and they monetize.
and this person was rolling them up and they're like, dude.
Does that mean like...
These are created by like 16-year-old kids.
Like, you know, okay, so for example,
there are big gaming platforms like Fortnite and Minecraft and Roblox
and like all these different games that exist.
And inside the game, you can create little experiences
and you can monetize them.
Kind of like people who create like different colored guns for Call of Duty.
Yeah, although I don't know if you could...
Do people create those?
I thought the game created those.
But like, yeah, there used to be mods and, you know,
mods of different games and maps and things like that
that you can create. That's always been kind of like a part of it. But some of these games now are so
big and they actually like formalized their little creator economy inside the game. And the person
I knew was rolling them up and they're like, these are selling for nothing because they're like,
it's just like a kid who made this. It sells for like less than one X revenue or stuff like that.
Like it's like crazy like compared to going and buying that same cash flowing asset on whether it's
FBA or Shopify or something else. And now everything has a different profile.
of like maybe this game is a fad.
Maybe people will stop using this.
Maybe, you know, the game could change the rules and you're screwed all of a sudden.
So, yeah, there's some risk.
But I love these game plans of go to these niche platforms.
We've talked about Etsy.
We've talked about Poshmark, FBI.
Now you're talking about Zoho and Salesforce and Slack and like all these different platforms.
There are little apps that just make $50,000, $100,000, $50,000 a month.
and you can go and you can buy these out and you can roll them up and you can have a company that does
10 to 20 million dollars of revenue profitably and you could buy your way there without even having to invent anything.
All you got to do is go get cheap debt, buy this thing and profit.
And it's really like that simple.
But there's one major thing which is if call duty or fortnight or whatever it is, they go, hey, we're going to go to different direction.
Yeah.
And that's why you got like that's the same thing with FBI, right?
all these like Thrasio and all these roll-ups.
FBA is not, I mean, you're dependent on a single platform, which is Amazon that's known to
compete very hostily.
And there's other, they could change the algorithm.
And all of a sudden, your thing that was at the top is now at the bottom.
There is definitely risk.
And so you got to look at like, okay, if my payback period is nine months, I feel pretty good
about it.
If it's three years, I don't feel so good about it anymore.
And so that's where you got to like, you know, place your bets.
All right.
Can I tell you about a really random small one like that?
Okay, so our buddy Ramon tweeted this out.
He goes, here's an example of a silly, stupid business.
So Ramon is, he's Ramon Van Meere on Twitter.
So he goes, simple website moneymaker.
This emoji website gets five million visitors a month.
And all it does, and I use this by the way all the time.
Because if you're on your computer and you want to use an emoji, it's not easy to get the keyboard up for the emoji thing.
So you just, you just Google like laughing emoji.
and then it gives it to you
and it says click to copy your to your clipboard
and then you go and you like copy it
you paste it wherever you're writing
your email or whatever
and so all it does is it lets you look up
emoji copy paste them and it'll also
explain what the emoji means
so there's like emojiopedia
is a good example of this
so emojiopedia
yeah I don't know if you ever seen this is like the top
ranking one that comes through
when you search for this stuff
it's like Wikipedia but for emoji
and so Ramon was looking at
you know like depending on
and it's just plastered with ads
there's like ads everywhere on the site
and it's like depending on what the ad revenue is
like this site could be making between
$150,000 and $150,000 a month of all profit
like do not underestimate these small
simple sites and we've talked about this with
crosswords
Sudoku games
things like that just like these really simple
things that people like to search for
and if you could own the domain
and you can just have the really simple like online
game or like scrabble scrabble word solver you know crossword hint get hint cheats you know whatever um
those little websites can be really good so this emoji one i thought is another example of that
and even better i was like oh who owns this thing i was looking for the michael gunlock some
random engineer who's like oh yeah i got a huge company that owns so some company bought it they own
it and it's called zedge and i was like okay what the heck is zege i say zed g e and this is one of those
companies that you're like, really this? So Zedge is a public company. Its market cap is around
$130 million. So it's a very small, small cap public company on the New York Stock Exchange.
And what they do is they, it's a publisher or a roll up. They bought a bunch of these little
apps and websites that just get a bunch of traffic because people want self-expression. So they
bought wallpapers, ringtones, stickers, alarm clock sounds, emoji, emoji pedia, like things like that.
They bought them all in one roof
And then they're a public company
So you can go see a bunch of their numbers
So they'll do like
You know
It's almost like 50%
They'll do like 50% profit on their on their
On their product
Like at least operating profit
And then you know like the EBITL will be closer
To like you know two million or whatever on their
Each quarter
Why the hell would a company like that go public?
Don't go public
Yeah I think there's a bunch of reasons
Why they might go public
But I just
thought it was interesting. So they have about 350 million people have downloaded like their
wallpaper app. They have, they say they have 40 million monthly active users.
And these companies that are just hidden in plain sight. So it's like, you know, let me just
look up their annual revenue again. I don't know if I have annual or quarterly. I think that
they do about $20 million a year in revenue and $10 million of operating profit. And yeah,
so they did 2017. They did, let's see, pull this up.
Okay, sales and revenue, because it's a little lower than what I saw here, but I'm doing this quick.
So basically for the last five years, it's just been flat, like $10 million of revenue, $2 million of cogs.
You know, their gross income is between $7 and $8 million.
And then they pay for a huge amount of, you know, like other sales and SG&A expenses.
And so, you know, they're not showing a bunch of profit at the end, but I would bet that these things are like spitting off profit if you want.
they're putting money in their own pockets basically out of this.
So I thought that was just like a really crazy little company behind the stuff.
And it just shows you how much money is in really simple things that a lot of simple things
that a lot of people use.
So like alarm clock sounds, wallpapers, that sort of thing.
What's live reviews?
This is an idea.
So I just got a sauna and I know you're in the market for a sauna.
Oh, what time did you get?
So I got a sanctuary, a clear light sanctuary like the infrared sauna.
and I like a lot of it
like the size, the look, the shape, all that.
But it doesn't make me sweat enough.
And so I'm like, well, that's the problem with infrared.
That's the problem with infrared.
That's the point of the sauna.
So I'm like, well, that's a bust.
And I'm like, so I'm like, first I realized, okay, I didn't have one of the panels
plugged in.
So that's why it was like, you know, part of it was like dead.
Okay, that was one issue.
They got better.
And then it's like, well, the best way you use it is you break a little sweat
before you go in. So you just do like a quick five minute, 10 minute card.
You just warm. Because what infrared's doing is it's not warming up the air. It's warming up your
body. Yeah, you just like microwaving you. It's microwaveing you, which seems like pretty awful for
you. But I guess it's not so bad. I guess it's good for you actually. You know, blah, blah, blah.
He chock proteins, blah, blah, blah. So I, you know, I broke a sweat before I got in and it was
better. But I was like, dude, I'm not trying to do all this. I'm trying to go sit in the sun on sweat in
five minutes. So I think for my house, my space, like I didn't want to do extra.
electrical. I didn't want to like do, I didn't want to, I didn't have a huge space where I was putting it.
I put it into my garage gym. So like, I, the dry sauna. In retrospect, I would now hold out for a dry sauna,
but it didn't really fit my current situation. So, you know, whatever it is what it is. So I was
thinking like, God, I, I actually did the research. I, I, I talked to people. I read reviews.
But, you know, the thing that I feel like is missing is I wish there was just, so like, people have
tried this QVC thing where it's like, oh, I'm going to go live and I'm going to sell this
item. And people have tried to make QVC for mobile and it's never really worked.
And I don't know if this would work either, but I kind of wish this existed just based on
this current experience. And Toby, maybe there is maybe there is a product here, which is,
why can't, why can't I go on and just say, I'd like to talk to somebody about sonas?
And why isn't there a person live on video who is a third party impartial source that
can basically show me live on video, talk to me about what I'm looking for.
Dude, this is exactly what Mark Lorry said.
So Mark Lorry, the guy who started Jet.com, he sold it for three or two or some billions
of dollars to Walmart.
He said one thing that they were working on at Jet, that could have been a massive business,
but they shut it down for a bunch of different reasons.
But he goes, I actually think it still could be a big, Wisconsin or shopping.
So you simply log on and you just tell us, you know, I'm looking for a toaster.
And a clerk is online saying, okay, for your needs, I think this is best.
Would you like this one?
And he said that that would be a big business.
Yeah.
And so like even with this, actually, if you go to the website to buy this thing, you can't
just buy the sauna.
There's no buy button.
You had to call someone.
But this is their sales rep, right?
So I called the sales rep.
It's 8 p.m.
She picks up.
She's an American person.
I was like, whoa, what the hell?
Like, I was like, you work this hour?
Like, who are you?
Like, you were really good at what your job.
Like, you built a lot of trust quickly and you got me over the line to buy the $6,000
sauna on the phone.
And she was like, yeah, like, there's a network.
The way we work is we only sell through a network of, yeah.
So it's owned by jacuzzi, the, you know, the jacuzzi company.
So she's like, yeah, it's basically we have a network of sales reps.
We all pick up the phone.
You could, if you're offline, you're offline.
You didn't get that commission.
She's like, I get a commission if you buy.
And that's how we make our money.
And she's like, yeah, like, I make good money.
Like I'll sell.
I was like, how many of these do you sell on a day?
She's like, on a good day, I could sell like four of these in a day.
And on a bad day, I'll sell like one.
or zero.
Dude, listen, the reason why you and I are pretty good of what we do, which in this case,
I'm referring to just coming up with ideas, like people say shit to us all the time,
is, and I'm kind of like jerking ourselves off here, sorry, but because of that question
that you just asked, and I do that all the time.
And people are amazed that you could do that.
Like, when you're just going to a food truck, you'd be like, hey, how many customers you get
a day?
And they just tell you.
And so what you just did is a perfect example.
You got Intel that is hard to find, but it was very, very, very, you're not.
easy to get. And I asked multiple, and you can triangulate. That's the secret. You don't ask a very
rude question. How much money do you make? Or how much does this company make? I said, what's a good
day? How many do you, how many of these do you sell on a good day? So already I soften the blow by
saying good day. And I'm asking just for a day. That doesn't seem like top secret information.
Okay, cool. Then I say, and then I was like, and you're great at this. Like, I was like, I really like this.
This was like kind of an awesome experience for me on the phone. I was like, are you one of like the
better sales reps?
Like, do you like, are you like, a top performer or are you like, like, are you kind of
like middle of the pack?
She's like, no, I'm like actually one of the top performers, blah, blah, blah.
And she's like, you know, I picked up the phone at 8 p.m.
A lot of people just don't pick up the phone.
Like, I'm, I work.
Like, I work hard.
And I was like, oh, interesting.
Okay, cool.
And then I was like, I was like, how many reps are there?
I'm just like, and again, I'm not like digging.
I'm not like saying like.
And, okay, my next question is how many reps are there?
I'm like, I'm just sounding amazed because I was amazed.
What you say to that reply is, wow, are you guys all in America?
Yeah, yeah, we're all in America.
Wow.
I mean, what are there, like 10,000 of you?
Of course, you know, it's not even close that.
Oh, no, it's way smaller.
Hundreds.
Oh, like 100.
Oh, like 100.
Right, right.
Exactly.
Exactly.
And so I was able to like suss out how this system works.
I was like, wow.
I was like, that's great.
So I was like, so this is awesome.
So I bought this thing and you're going to make like, what, 400 or 500 bucks off this?
Yes.
And so now I know the commission structure.
So like, you know, I was able to kind of like, and I'm just doing it because I'm curious.
I have no agenda.
I'm not starting a sauna company.
I don't care.
But I'm just trying to learn.
And then like, you know, I took a piece of that to our own.
I had a meeting with our own team for e-commerce.
I was like, hey, you know, I had this kind of great experience.
You know, should we be having a phone number on the site?
And like, should we be helping people like that?
Like, how would that work?
We're a way lower price point.
Like, would this still work?
And then I met this guy, Ezra.
Ezra.
Ezra Firestone is his name.
Yeah, he's amazing.
He's super well known in the e-commerce space
And he's got this famous brand called Boom by Cindy Joseph or something like that
Is that makeup, right?
It's like kind of like makeup and like anti-aging face cream
Yeah, face cream, stuff like that for like women who are like 50 to 70 or something
That's what it looks like to me at least.
And this brand does great.
I think he's pretty open about it.
Like he publishes stuff like I think they do like $80 or $100 million a year of revenue.
And he told me that he told me on a we did a talk at e-com world.
He was interviewing me.
And of course, when was that?
Like, I don't know, a couple weeks ago.
Oh, that's pretty sick.
That's a pretty legit thing.
Yeah.
So he goes, he was like, you know, so how do you do your sales?
Like, I don't know what do you mean?
Like, this is Shopify.
You push the buy button.
He's like, okay, so you don't do any live chat?
I was like, yeah, we have chat, but like whatever customer service.
He goes, oh, okay, interesting.
He goes, for us, we do phone.
He goes, you don't do phone?
I go, no, we don't do phone?
I go, do you?
Does anybody do phone?
Does that shit work?
Same thing.
the same type of question that will get somebody to like defend the thing they do.
Does that shit work?
That's what you said.
I was like, there's no way.
Does that shit work?
And he was like, dude, 30% of our sales close over the phone.
And I was like, Bing, data point.
Interesting.
Should I be doing that?
That's like a learning.
The next thing that you ask is, yeah, but there's no way that's profitable.
They'll say, of course it's profitable.
We only pay them $8 an hour.
Am I a bad entrepreneur?
No, I'll tell you that.
I'll tell you how it all brings down.
So yeah, that's exactly
How much do they pay people? How do they pay people? How much do they pay people an hour?
I don't know. I didn't ask in this case because we were live on the panel. But, you know,
had this been a normal conversation, I would have been breaking it down.
That's badass. All right. You want to do one more?
Wait, what's this fluffy stuff about luck of timing?
Let's do that. Just do a non-fluffy one because I feel like I've been doing a lot of fluffy stuff lately.
I feel like we've kind of been on a kick of like sort of fluffy stuff.
Because if you let me, I'm going to talk about mindset all day.
And then the second thing is we did a lot of like gossip about like, you know, like billionaires
and their like affairs and shit like that.
So I'm like, okay, just noted.
I'm going to like to turn that down a little bit.
So I want to do one more cool idea because I think, you know, people love that shit.
Okay.
So rebase.
Have you seen this before, before I put it on this sheet?
No, I'm looking it up now.
All right.
So you know the guy who's behind this.
that guy levels levels.I.O.
Who is?
Oh, I love that guy.
Kind of like his name's Peter Levels, I think is his name.
His handle is levels.
That I.O.
So he's kind of a prolific guy.
He was ahead of the curve on like remote work.
So I remember maybe six years ago, he was, he created, you know, nomad list.
He created a remote, like a remote, like remote, like remote working slack.
He was like, oh, if you're a remote worker, pay 10 bucks and get into Slack.
And he had like 6,000 members.
I was like, whoa, you made a lot of money off this little like just a slack invite.
I've never seen that.
And he reveals all of his revenue.
So I don't, what's his,
so it's levels.
Dot I.
That's his,
that's one of his sites.
He's got like four sites,
I think.
And if you go to levels and then scroll all,
okay,
so he has,
his,
his Twitter name is levels,
I.
Yeah,
it's probably pronounced actually differently.
And you could see a link to all of his websites.
And it looks like he's got close to 10 there.
And if you click them and then scroll below that.
See the little meter in his location?
Oh,
that's amazing for one.
Amazing.
That's amazing.
Oh my God.
That's beautiful.
So on Twitter where you put your location and most people just write like San Francisco or New York,
instead he just, he used the emoji for it to create like 10 squares.
And it's like a meter.
And at the end of the meter it says $5 million a year.
And then he shows the meter is like 60% of the way there.
Which shows that he's kind of like, you know, he's probably at two and a half to,
to $3 million a year is what he's making.
It's just a subtle, it's a subtle thing.
Very nicely done.
Very interesting.
Very cool.
I like it.
And if you go to any of his sites,
so it looks like he's got eight or something sites listed,
and you click around,
you're going to see a phrase on all of his sites called Open Startup.
And I just sent you a link.
Do you see the link I sent you?
And you could see all of his metrics.
So you can see how much revenue they have.
How much,
like he's got weird metrics.
How much CO2,
mood from the atmosphere. GitHub commits, daily revenue, daily signups, meetups organized,
new paid membership, live streaming events, last month signups, how many customers are in
total, how many page views, where the page views are coming from, you can see everything.
The uptime of the websites, this guy's amazing. And if you notice,
just Nomad List is doing $531,000 a year. It's halfway to the goal of a million dollars a year
from this business. And this guy, we just explained how he's kind of got this like unique little
Easter egg on his Twitter. He's got like little things like that throughout all of his websites.
And so this guy is in my mind, this man's an artist. He's an artist. He's an artist who just so
happens to his art just so happens to make money. This guy is, I love this guy. I don't know his
name. Peter, I think he's at Peter Levels. That's his full name. I didn't know that. I would just
thought his company was called Levels. So if you look at like one of his,
things I was going to show you. So, okay, so his latest thing, this thing called rebase.
And he tries to like sniff out a trend and then quickly spin up the semi-viral, slightly profitable,
like a semi-viral, simple, profitable version of a website. So what is rebase? Rebase is people are
trying to relocate with the pandemic and with tax changes and with cryptocurrency and all this good
stuff. People are more like kind of, you know, like fluid than ever. People are gender fluid. And
location fluid. There's a fluidity going on. So he basically said,
Portugal came out and Portugal said, we want to, they, I think in 2021, they had the largest
population decrease in the last 50 years. And so they said, all right, our population is shrinking.
We need foreigners to come live here and spend here and work here. So they said, the Portuguese
government said, we want to attract high tech remote workers. And they gave out, they create a
program called the NHR program. And so the NHR program basically has.
a bunch of benefits. Now, I don't know if they're all as good as advertised, meaning like,
I didn't go read the fine print, but here's some of the things it says. Zero percent tax on foreign
income. So they're not going to tax you for income that comes outside of the state. Zero percent
tax on crypto. It's considered a currency, unlike in the U.S. where it's considered a property.
Zero percent tax on dividends. Zero percent tax on wealth. 10 percent tax on pension. 20 percent
tax on freelancing. So that's like, you know, what a lot of people would do there.
There's no minimum stay. You can get fast-tracked for a EU passport.
You know, they have a whole bunch of like, you know, sort of things that are benefits for coming here.
You know, we have a 90% vaccination rate.
We have friendly people.
So that's, so he created a website that just has the sales benefit, the benefits of if you wanted to relocate or get a passport in Portugal.
And then what levels did was he basically created a, okay, here's the on ramp to Portugal.
So it's like, for 150 bucks, you'll do an onboarding call and we'll walk you through it and there'll be a tax expert in a lawyer that will analyze your situation.
For $650, we'll get you set up with Portuguese residency and you'll get a Portuguese
tax ID.
For $150, $150 a year, we'll do your taxes.
And it's like, start now.
Here's the button.
And I was like, this is such a smart, simple, you know, simple idea.
And already it's like booked out.
So, you know, his max was that he could do, the lawyer could do 50 calls per month.
And immediately it was at 300 calls per month.
And so he's like trying to hire another lawyer so he can scale it up a little bit more.
If you had to ask, like, someone asked me the other day, like, who I admire.
And I would ask it a little bit differently, which is who am I jealous of?
This guy, Peter, I'm looking at his websites.
I am jealous of, I'm jealous of so many things about him.
First is creativity.
It just oozes.
And second, he can do it.
Like, every, like, everything that I see on his website, I'm like, oh, my God, this is perfect.
This is the perfect example of how a product should be made.
he's this guy's incredibly prolific and incredibly cable he's like a music he's like a music producer
to me like he's a producer of websites he's just making these little hit songs uh and they're not
like he's not trying to be Justin Bieber like the one mega hit franchise uh that goes on tour
he's just a producer that makes dope beats and instead of beats he just makes dope websites
and his websites pay for a dope lifestyle yeah i mean
and a lot of subscription revenue he's got like look at inflation
Chart.com. That's one of his.
This website tracks real inflation,
which is happening that the governments don't tell you about
in their official numbers.
Okay, super easy. I understand. That's just
a really cute, neat widget.
I get it. It's awesome. Even on
what's it called, the website I was just talking about on
rebase, the very first benefit, it goes
McDonald's has the Royal Deluxe.
McDonald's in Portugal has the Royal Deluxe and the Big Tasty
Double. That was the first benefit, right? Because he could have
just gone into like tax benefit, tax benefit, tax benefit.
But he, let me get to you, let me break,
Let me break the ice here.
A little fun little Easter egg, a little fun little nugget.
That just shows you who the site's built by.
It's built by somebody who's got a personality.
It's built by an indie software maker, not some stiff company or bureaucracy.
And I think these little touches matter.
That's why he's an artist.
This guy's amazing.
I love this guy.
Good, good, good fine.
I've known about him for a little while.
I always thought he was really talented.
I didn't realize that he was like the Kanye of like internet website builders.
Yeah.
he's great um okay so i wouldn't even say he's like you know rick reuben or something like that
he's got his got his own shtick um anything else we want to do otherwise we could wrap it no
no well we could wrap it we could save that other i i want to hear about some of these things
that you have on here but we could save them okay sounds good we're out
