5 Startups That Looked Dumb—Until They Were Worth Billions

Episode 710: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about how to evaluate risk and upside of new ideas. — Show Notes: (0:00) Bessemer's $140B misjudgment of Shopify (5:47) Shaan's Anti-portfolio (15:26) Goal: Avoid Ruin (21:30) Outlier personalities (24:51) Underestimating Uber (32:16) "You can't overinvest in AI" — Links: • Want Sam's Playbook to Uncover Business Opportunities? Get it here: https://clickhubspot.com/bzo • “How to miss by a mile” - https://tinyurl.com/2rxubfwa • Leaked OpenAI emails - https://www.techemails.com/p/elon-musk-and-openai — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano