My First Million - The Boys React: Facebook Stock Surges, Jack Butcher's NFT Makes Millions & Moonwalker Shoes

Episode Date: February 10, 2023

Episode 418: In a new segment called The Boys React to the News, Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) give their two cents on a few relevant business stories. Check it out... ----- Links: * Jack Butcher NFT * Visualize Value * Moonwalker shoes * Edward Snowden exposes host / Reddit * 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: (00:25) - Facebook rebound (06:05) - Jack Butcher NFT (11:10) - Moonwalker Shoes (13:55) - Tooth Fairy (16:10) - Edward Snowden shuts down conference host ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

called the broker up. I said, Griffin, buy. He said, buy what? I said, you know what to buy. Buy Zuck. He says, how do you spell that? I said, Z, U C, K. He said, that's not the ticker. I said, Griffin, call Zuck and tell him I want some shares. And so we bought some shares. And I think we're double from where we bought. It's Friday. We're reacting to the news. Welcome, fellas. Let's go through the stories. First of all, Facebook stock is soaring. It's up 43% in the last month. is getting rich off of it. Fellas, did you call it? Did you know that Facebook was going to rebound?

Right now, Facebook, like, I haven't bought ads on it recently, Sean, but I was talking to some of my folks who worked with you on the Milk Row. And I was talking to some of the people who worked at HubSpot, who are the people who worked on the hustle at HubSpot. Facebook ads are killing it. They seem like they're working really nicely. Like, when I was running it, it was like, you know, we are acquiring users for like three or four dollars.

And then nowadays, it's back down to like one. when we first started. So it's kind of easy to see, I guess. What about you? Yeah, I bet on it. So I took, I don't know, $250,000, like, I don't know, three or four months ago. And I bought meta because I was like,

why is everybody down on meta? And I was like, did they forget the number one rule? You don't bet against Zuck. And like, you know, to anybody who's like, oh, but the, you know, the metaverse, blah, blah, blah. I'm like, I just send them the video clip of Mark Zuckerberg doing MMA. And I'm like, this is who you're trying to bet against. The guy that since age 18 has just been like dominating everything he's tried to do,

the guy who's created the biggest social network ever that bought all of his competitors and killed everybody else who tried to compete with him, including Google, when they try to compete with him on social. And now he trains MMA. And before that, he learned to hunt and speak Chinese fluently. You think this guy's just going to lose money because Apple changed their cookie policy or whatever? Get out of here with that. No way.

And so called the broker up. I said, Griffin, buy. He said, buy what? I said, you know what to buy. Buy Zuck. He says, how do you spell that? I said, Z, U.C. K.

He said, that's not the ticker. I said, Griffin, call Zuck and tell him I want some shares. And so we bought some shares. And I think we're up double from where we're. we bought. I don't know exactly. I think it's 80. I'm up 80% on that. Sean and I use the same guy, by the way. We both use Griffin. What did Griffin say? Let me, I mean, I actually check the number. So I don't miss quote myself here. Did he, did he say, are you sure, Sean? Or is he goes, yes, sir, go and go and do it. Well, he texted me the other day. He goes, great call on meta.

And I go, thank you for the compliment, because I've lost a lot of money this year. That's why I sent this. Okay, not quite double, but, but close. That's good. We will be double. So we're up 50, only 50%, so a little bit, a little bit less than I thought. 50% still not bad in a couple months. Dude, Sarah started working at, Sarah used to work at Facebook in 2012.

And I was like doing some math about what she would have, yeah, 2012, she started, sorry, 14, she started working there. And I was doing the math on like where she would be. if she just stayed there and we were talking about it. And I was like, well, pro, you would have gotten fairly wealthy con. Like, her job there was like, how do I make like a sticker emoji that gets people in Brazil to share more selfies? So it's like, you know, you're going to want to like kill yourself and this is whack and lame. But like they pay for your lunch and you get our oil change. And like that stock back then was only 47.

at its peak was $372. I mean, that's pretty sick. But yeah, man, like, Facebook's killer. Never bet against him. Dude, when we were going through our sale process, Facebook was one of the potential buyers. They offered the highest deal. No, no, this was 2019, 2020, something like that. 19.

Okay. So back then, it was $200. Yeah. So it's good that the stock is down from when we would have got acquired because it was, you know, stock was a significant part of the deal. but we were the difference of talent quality between we interviewed with we talked to YouTube, we talked to Twitch where we ended up going to Facebook, to Discord,

to a bunch of other players. And Facebook was so much more, so much better, so much more impressive. I was like, okay, you know, like if I was just going off of who,

what talent would we be around, it's not even close. Like the number, are not even like the math of the difference of these offers is not even close but i was yeah a lot of the things a lot of people who have who i've talked with who work at facebook they're sharp as hell like um i remember just walking around that campus it felt like i was at the u.n you know what i mean like there's like there's so many different like types of like colors and like ethnicities it was like they just like cherry picked the best of all over the world and it was at that was at menlo park or i forget

where it was. But like walking around that campus, I feel inspired. One of the guys who would have been reporting to me there, he was like, yeah, as my, like intro, like when you get there, you do like a demo project or you do like an intro project, I guess if you're early on as a engineer or product manager or something like that, to like just get onboarded, you do like a hackathon project. And he created basically Facebook marketplace in that. And I ended up running that like working on that. But it was like, you know, his prototype was like one of the original Genesis things. And another guy was like, I was like, what did you do before this? He's He's like, oh, I was at Microsoft.

I was like, okay, one boring thing to another great. And he's like, yeah, I invented the, you know, Microsoft 365. Like, you know, I was like, we should go to the cloud and make this a subscription. And nobody agreed with me. And I just kept working on it for like two years. And he's like, I just literally had a separate machine under my desk where I was like, I'm going to build it on this machine and like, I'm going to do it here. And I was like, okay.

So my takeaway was like, you guys are smart. Man, if I come here, I'm going to have to work. I'm going to have to work hard. because you can't just like be lazy around these people. They're great. All right, which one? Which one will we go to now? Let's go Jack Butcher.

Jack Butcher's NFT project, which is called Checks v4. It's a bunch of art around the check mark, has recently become the top trading NFT project by volume, surpassing board apes. Wow. I didn't realize it was that big. I think that's probably like on a this week type basis. Yeah, that's correct.

Yeah, not all time in terms of like active trading volume, either this week or in a single day. But what do you guys have to say to our boy, Jack? Our buddy Jack's getting rich. Love it. Dude, so I'm biased. Jack's like a close family friend, him and his wife are very, I'm very close with those folks. They are awesome. And Jack is more of an artist.

Close enough that he sent you some of these NFTs. Oof. Well, I got a T-shirt that says internet on it that I. that I, you sent me a 30% coupon code. I got a T-shirt. Jack, dude,

Jack's punk rock, man. Jack's more of an artist than he is a businessman. And if you go to his website, visualize value, and you read the copy for the checkmark, it is,

as we like to say, beautifully done. It's just an N of T, but it's just so tasteful. It's classy. It's delightful. No, he's done a good job, man.

I think it's, It's cool. I still, I'm not, I'm not an NFT guy, you know, Cornrose, neck tattoos, NFTs, not for me. But cool that other people have them. And that's kind of how I feel about an NFTs still. But if I were going to do an NFT, it'd be his. Yeah, it looks like last seven days has done 15 million in sales volume. No shit. And it's the fourth ranked one in the last seven days, maybe. So really impressive.

It's just a checkmark, right? Don't say it like that. No, I'm not. Okay. Is Nike just a swoosh? Look, I'm not saying it that way. What is it? I didn't actually, is it like a, you get a different color check.

And you put that as your, no, I'm not disrespecting it at all. But I'm wondering, I'm asking, because I'm not in this world. It went from $8, which was the price that Elon was trying to charge for a blue check on Twitter, right? So that's like the state, the political statement he's making here. So it went from $8, which was his like opening price, I think, to closer to $4,000 per, per NFT now. So incredible, incredible surge. And he is like, I don't know, he's not there yet. This is sort of like comparing, is a little bit of a stretch of a comparison.

But he's kind of like a internet banksy a little bit. Like he does bullshit that's like it's a commentary on what's going on in the world. And he just, the guy just hits. He just hits. Have I seen him do anything? No deep cuts. H.O. H.O. H.O. H.O. H.

H.O. H. H.O. status. Dude, he makes hits. He, so he started out. Jack's our good buddy. If you don't know, Jack, follow him on Twitter. He started out. He had an ad agency.

And then he worked out an ad agency. And then he started to make his own ad agency. And it was going okay. And then he created this course called Build Once, sell twice, which is hilarious. Awesome. Amazing name. Yeah.

Amazing name. And it's about how to productize a service. And he starts selling that course. And he basically was like, I remember I did a call with him and his wife one time when we first started getting to know one another. And they were in like a 400 or 500 square foot studio apartment that they lived in. And they weren't like killing it. And then like he had the year of his life in 2020 or 2021 kills it.

Now if you go to his website, visualize value.com, the reason why I love him is you see like his background. You see his courses. But he also has this tab called visuals where you can. look at some of his artwork, but then he has a merch store. And his merch store is actually awesome. He has these sweatshirts that say college, kind of like, you know, but it says internet. And like, he just does things like that that are actually awesome.

And when I go to his site, I'm like, oh, I'm like this dorky internet guy too, but he has merch. I'm inspired to be like a lot cooler like he is. It's awesome. He's badass. I'm a big Jack fan. Me too. Me too. We're big fans of him.

All right. What's up? All right. Next up, we got Moonwalkers. It's a new shoe that's like half a roller skate. I don't know if you guys had a chance to open up and look at it yet, but it allows you to walk and you just walk, but you go seven miles an hour,

which is roughly three times as fast as a normal person walks. It's on Kickstarter. It's raised $300,000. The shoes cost more than $1,000. Are you guys at that? You got to see the video. These are so stupid and so awesome. They're basically just heelies for do.

dorks who work at a startup. Healy's for people with no balance. Yeah, this is, which this is crazy. This video is hilarious. It's really dumb, but kind of awesome. If we did an award for person most likely to have started this that I know, Sam, I think you would have been the guy. Me?

Dude, this is like the snuggy of shoes. Tell me how you feel about boosted boards. Well, boosted boards are dope. Right? It's the same thing, dude. It's a 25 mile an hour skateboard. One for each foot, dude. Oh my God.

This is, this is like, this is like driving a Kia, man. You're never going to get late again if you ever like get caught one of these. Hey, I like you. My, bro,

you have a B&W for a reason. I saw this on TikTok and it had millions of likes. I think it had like two or three million likes on this video. And I was like, I could see why. It is going to be controversial. it is visually stunning. You can't tell if it's a joke or if it's serious.

Like this literally looks, like the TikTok and the ad for it literally looks like something from Silicon Valley, the HBO show. Like the guy, the founder, he's like this guy, you know, Shunji, and he's like this Asian guy who's talking about like, you know, as humans, we've

always been stuck at two miles an hour. And finally, we've broken the barrier. We go seven now. He's sitting in front of like these three screens, like these huge MacBook screens of my IMAX screens, It's like, dude, what are you programming? Like, it's a shoe with, it's roller skates. It's actually just roller skates.

It's going to revolutionize the way that people get hit by cars. That's what this is going to do. It just, we're changing the world. You go, if you look at the Kickstarter backers. The Kickstarter backers are only personal injury lawyers who are like, oh, yeah, no brainer. It's a business expense. Write this and off. Dude, this is just Segway 2.0.

It's really stupid, but also kind of cool. Yeah. I just, I mean, this is like, this is like guys who wear, like, their cell phones outside of their pocket or who wear a jawbone 24-7. This is that niche. Not for me. I'll give it the Andrew Tate. I'm out. Yeah.

I'm out. This data is wrong. every freaking time. Have you heard of HubSpot? HubSpot is a CRM platform where everything is fully integrated. Whoa, I can see the client's whole history. Call, support tickets, emails,

and here's a task from three days ago I totally missed. HubSpot, Grow Better. Let's do one more. You want to do the tooth fairy thing? Yeah, okay, I got a new story for you. My sister has three daughters, two of which are losing their baby teeth.

and I was talking to my niece the other day and she tells me that she lost a tooth I said wow fantastic you're gonna give it to the put it under your pillow for the tooth fairy no I threw it away you threw it in the garbage can yeah I threw it away

why well my last tooth was under there for two months that the tooth fairy never came so I don't I don't want to I don't want to even try anymore that's the first first story I hear and I'm looking at my sister she's like making eye contact like I'll tell you later

I'm sorry I know I know I laughed up then the younger daughter loses her tooth yesterday puts it under her pillow with a note here's what the note says I'll send you a picture of it but basically it says something to the effect of Dear Tooth Fairy You didn't come last night but that's okay

I'm leaving it here again and it says something like you don't have to leave any money just draw a picture of yourself I want to see what you look like and then that's the note and she didn't do anything again. So the news, the question, fellas,

does my sister need to just check herself into jail for bad mom of the year? What the hell? What's your deal? Just gave like a few dollars or like, you know, like some Doritos or something. Just put a little something on the side. Two months straight. She forgot.

How do you forget that? Unbelievable. She texted me. She said that herself. She goes, should I just send myself to jail? Because I'm such a bad mom. That's crazy to me. That's my new story of the week.

That's what I pay attention to. What's a tooth go for nowadays? $5? I don't know, dude. Back in my day, that was, you know, like five or like if your parents get cheeky, they're like, here's a $2 bill. Yeah, it's less than the going rate, but it's rare. It's a $2 bill.

You know, like, I got a $5 once, and that was like a huge deal. I don't know what's a tooth go for. I feel like people do more than that, Ben. What were you, did you get tooth money when you were growing up? I got a quarter. I don't feel like I grew up. But now I feel like I grew up poor. Yeah, I would get like a quarter or a dollar.

But then one time I got a tooth knocked out and I got five bucks for it. That's some guilt money right there. It was guilt money. Yeah, blood money. I fell and got it knocked out. So I got five bucks for that one. But I don't know what a tooth would go for now. Ben, do this other one you have, the Snowden one.

I don't know if you've seen this one. Yeah, so Edward Snowden goes live on a conference. And the conference is, I don't know, it just screams like, fake Zoom conference, right? Let's see what it's called. It's called... Private investor conference or something like that. The most generic name of all time.

Yes. And so this guy is interviewing Edward Snowden for his private investor conference. He shows up and immediately pulls up an article that says, man busted for $4.4 million Ponzi scheme. And he says, is this you? And the host, the interviewer says,

yeah, that's me. He goes, all right, well, I think it's important to tell people this kind of stuff, buy and hangs up on him. He got paid to come do a keynote. He starts his like, you know, keynote Q&A or whatever and just screen shares instead. The news article that this guy who's hosting this event is a former like, you know, Ponzi skever that was like, you know, I got trouble for that. And the chat is just like, wow, wow, boom, wow.

Oh my God. Wow. best like you know i don't want to go to many webinars but i wish i was at this one shout out to edward stodin you know whistleblower's going to blow dude i'm watching this yeah he went for you have you ever seen this subreddit it's on the subreddit called watch people die uh yeah i've seen that one yeah this is going to be at the top sorry that i i screwed that watch people die inside yeah inside yeah inside it's a big thing uh next to there's a subreddit called absolute units have you seen that one

I love that one just like a buff dog or like a pimple that's huge it's called like a cucumber that's like just too strong to be cut yeah I love absolute units but I subscribe to absolute units and I subscribe to watch people die in the watch people die inside this is one of them

this video is on there well do you see the reaction so the guy's reaction so the guy goes yeah yes that's me and then Snowden's like well I think people should know you know who they're getting into business with or whatever. So I don't feel good about this. I'm not doing this.

So he leaves. And then the guy doesn't know what to do. And he just shrinks. And he just goes, okay, I'm going to, we're going to take a break. And, yeah, I'm going to come back. And he just doesn't know what to say. It's like, man, if there was ever a time to be like, hey,

you know, I know that looked bad, but I'm happy to explain. and, you know, explain what happened and, you know, clarify for everybody, you know, I can do that right here right now. No problem. Dude, and there's people like, he shrinks. There's people in the chat saying like, hey, Edward, our flying saucers real.

Like, and people on Reddit are like, yeah, no wonder why these people fall for this, this guy's scam. The private investor club. Yeah. Oh my gosh. This is crazy. Yeah, this is a good video.

I'm going to have to watch this. Dude, I've been following some of these like Ponzi scheme guys on, like they do all these like, for example, there was one, what's that? There's a Twitch guy with dreadlocks. He's a black dude. Not a famous one who boxes, but like another one who's like more hated. And he's like loud and cocky. I forget his name.

But very punchable guy. But he was like a crypto company like paid him to do like an ad. And they're in the background talking about. And he forgets that he's recording. And he's like, dude, I can't believe people are going to buy this crap or something like that. You know what's that guy's name? He's a very hateable guy. I don't know.

I don't know who that guy is, but I've seen the clip. And yeah, like the owner or the promoter of the thing was behind him and they're talking. I don't know exactly what he said. I don't think he said that. He said something else. But it was something that, you know, the hot might pick it up. Yeah, the hot might picked it up and people were like, wow.

Dude, disgusting. The, the amount of like the Twitch and I think I said Twilio, I meant Twitch. The Twitch and like YouTube audience that buys this crap, it is crazy, man. It is absolutely crazy to me. I can't believe people do that but yeah this was a good one how did this guy afford Edward Snowden dude you know how Ponzi Schiemer's work

they know how to build you know they gotta build this this shell game this appearance of legitimacy that's crazy to me it's the private investment club it's the largest real estate club in Canada

that's like his schick that's crazy to me anyway yeah that's a good good video. I'm going to have to watch that. All right. That's it. We're out of here. Boys react.