#164 with Ryan Begelman - BitClout Explained, How To Successfully Angel Invest & A Police Sting?

**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. It 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.
So I came on the show to talk about only two things. And one of them is my investment strategy where after 20 years of making like, I don't know, like 60 investments, I've now figured out exactly how to do what you're talking about. You want to hear the breakdown?
Shaan, we're live. What's going on?
I did something last night. I had dinner with Andrew Chez. And so I got to tell people the background of the story because it's fun.
Basically, Shaan tweeted this thing, got viewed by probably 6 million people at the time. He politely, but he still said it, that he thinks Clubhouse is going to die. It was polite, whatever.
Andrew Chen, who's a friend of mine, basically discovered Clubhouse. I think he was their first investor. He loves the company. He thinks it's going to be the biggest thing ever.

**Shaan Puri** (2:05)
Invested in it, yeah.

**Sam Parr** (2:07)
Blocked Shaan, invested in it, blocked Shaan, and this sounds like silly drama. And it is, but it's fun.
I didn't block him. Shaan got blocked.
And he, Shaan, you posted a picture of it, and that alone got thousands and thousands of likes. So anyway, I just think it's fun. I'm a little caught in the middle, so it sucks for me. I'm not actually defending. I'm actually defending both sides, but I'm staying neutral a bit. I think both parties are actually right.

**Shaan Puri** (2:39)
So did he block me because he's mad at me or he doesn't like me or what is the, why did he block me?

**Sam Parr** (2:46)
He just says that, he goes, I have a rule that I just don't like a lot of negativity on my Twitter feed. And also anyone that disrespects anyone that I'm associated with, I just automatically block. I don't even reply, which I think is fair. I actually think that's a good, I'm on board with that.
I don't think you were disrespectful, but it's cool that he feels that way.

**Shaan Puri** (3:04)
Yeah, that's okay. I think it's fine.
I was surprised because I met Andrew before and we were friendly.
Like, before this, I would have thought Andrew is somebody who, if I see something interesting, I would send it to him. I'd be like, hey, this, I think this is right up your alley. And he'd be like, cool, thanks, man. And if we saw each other at a meetup or a party, he would say hello. It was like that. So I was surprised when he blocked me, him and Mark Andreessen blocked me. So both of them who followed before and then went straight to block without anything in between. I'm cool with that.

**Sam Parr** (3:40)
I'm sure you guys will all be friends. I'm sure you'll all be friends eventually. You guys are all great people.

**Shaan Puri** (3:45)
I totally get it.

**Sam Parr** (3:46)
I respect that.

**Shaan Puri** (3:47)
If I think someone's just being a hater or like, and for them, I think they get it from all angles. They're always fighting with what's her name, Taylor Lorenz and different people in the media and shit like that. Or they're probably just like, dude, I just, they're probably just tired of people who are critics or critical. And I think there's a difference, right? There's one day person who's a critic, and this is somebody who sits on the sideline and they are a professional criticizer.