#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral artwork

#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral

My First Million

March 24, 2021

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Speakers: Sam Parr, Shaan Puri, Abreu
**Sam Parr** (0:00)
All right, there's this amazing book called Getting Everything You Can Out Of All You've Got. I read it a few years ago and it changed my life.
And the reason I loved it was because it basically talks about how to get and make more money using things that you already have.
Coincidentally, today's podcast is brought to you by Business Made Simple. It's a podcast by Donald Miller, who I'm gonna tell you about in a second, but he has this amazing episode that's all related to this book and the things that I learned in this book. It's called How To Make Money With What You Already Have. It's an incredible episode. Talks about all the stuff that I learned in this book. The host is Donald Miller. I didn't know who Donald Miller was up until recently, but over the last 12 months, this is totally by coincidence. It was all separate people. They said, you have to check out Donald Miller. He's amazing. So I'm happy that he's part of HubSpot's Podcast Network. You can check it out, Business Made Simple Podcast. It's where he coaches you on how to build your business like an airplane, where the cockpit is your leadership, the body is your overhead, the right engine is your marketing, the left engine is your sales. You have to check it out. This guy's amazing. It's called Business Made Simple with Donald Miller.
Dude, a freaking plug-in. Who would have thought? And he kind of had like a funny shit eating grin on. And I was like, how big are you guys? He was like, we do over $100 million a year in sales. And I was like, would you ever believe it? He was like, yeah, I thought it could be done. And then I go, you just raised money?
He goes, yeah, we raised $100 million the other day. I go, why? He goes, because it's a north of a billion dollar valuation.
Thanks for watching.

**Shaan Puri** (1:37)
What's up, everybody? We just recorded the pod. We talked about, I was on CNBC today. So we talked about going on TV, going on CNBC. We talked about a bunch of business ideas that are Chrome extensions, which is kind of like a niche that nobody really talks about, but Sam's super into it and he brought the fire.
And then at the end, we shoot the shit about a bunch of random things in maybe the last 10 minutes, talking about some of the stuff from the Michael Saylor episode and some cool stuff we have going on. We just shoot the shit at the end. That might've been the best part. So stick around for that last 10 minutes of the pod.
All right, enjoy.

**Sam Parr** (2:09)
All right, great. What's going on?
Congratulations. Do you want to talk about family stuff or no?

**Shaan Puri** (2:15)
Yeah, sure. Had a kid four days ago, I think now.

**Sam Parr** (2:19)
Congratulations. What are the details?

**Shaan Puri** (2:22)
Baby boy is here. His name is Banks and-

**Sam Parr** (2:25)
Banks? Why Banks?

**Shaan Puri** (2:28)
I don't know. We thought of the name a lot when we were trying to name my first kid and her name's Blush. And so I just thought Banks and Blush go well together.
I just thought it was a cool name. Wanted to do something.

**Sam Parr** (2:38)
It's a cool name. It's a cool name. It's just a unique name. So I was wondering if there was a reason.

**Shaan Puri** (2:42)
Yeah, at least this one is a name. The first one when we named her Blush, we Googled like, oh, Blush name meaning. And there's literally like, it's like, no, this is not a name, bro.
So-

**Sam Parr** (2:52)
What is Banks?

**Shaan Puri** (2:54)
Banks is a popular last name. And because of that, some people started doing it as a first name. Hilary Duff's kid is named Banks. I know that. That's pretty much the extent of the popularity of it. I don't really care to pick a popular name. I'd rather pick a unique name.
But I could tell like, when we tell our family, they're like, what?
Is there a nickname? What are we gonna do with this?

**Sam Parr** (3:18)
No, Banks is good. My nephews are named Avett, like the Avett brothers, and Jude, like, hey Jude. And then now they have a girl named Billy. So I'm team odd names.

**Shaan Puri** (3:28)
We can't all be Sams, right?

**Sam Parr** (3:31)
Or well, people call you Shen.

**Shaan Puri** (3:34)
There's people that just straight call me Shane, and they just keep calling me that. And I just am not correcting them. And I've just, now it's like, we're years into the relationship.

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