BREAKING: Shaan Sells Milk Road - A Conversation With the Buyers artwork

BREAKING: Shaan Sells Milk Road - A Conversation With the Buyers

My First Million

December 16, 2022

Episode 397: Shaan Puri (@ShaanVP) talks with Kendall Saville and Michael Wittmeyer about their decision to buy Milk Road, their background in gambling affiliates, gold, and crypto, and much more. ----- Links: * JM Bullion * Milk Road * Do you love MFM and want to see Sam and Shaan's smiling faces?
Speakers: Shaan Puri, Kendall Saville, Michael Wittmeyer
**SPEAKER_1** (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.

**Shaan Puri** (1:02)
When we were getting to know you guys to decide, like, do we want to do this? Do we want to actually partner with you guys and do a deal together?
We would ask you a bunch of questions, like at dinners or at the bar or whatever. And your guys' stories and answers were so entertaining that I was like, dude, these guys need to come on the podcast. I was like, if I had just recorded this dinner, this would have been like one of the best podcast episodes we've ever done. Probably the best.
What's up, y'all, Sean here. This is a special episode. My company, the Milk Road, just got acquired, so the news is out, and I can finally talk about it. I've been kind of hinting at it on the podcast, for those who were listening.
And yeah, if the news is out, this episode is me and the dudes who bought it. So you're gonna meet these guys, and you're gonna see who, why would I sell, right? Like we started this thing, it grew like crazy, it was profitable, like the thing was working, so why sell? And I talked a little bit about that, but the biggest reason honestly was these guys. These are people that I wanted to be able to work with and get to know better.
And they're people that I thought if I give them, you know, this company and I own, I still own a minority stake in it, that minority stake in five years is gonna be worth a lot, because I believe in these guys and what they've done. They've done it before, they've built and sold companies worth, you know, over hundreds of millions of dollars, and I think they're gonna do it again here.
The episode is a little funny, it starts off a little slow, but then around 15 minutes in, we're done talking about the acquisition, and I'm frankly, I'm done talking a little bit, and I let these guys shine and they tell stories about, you know, their early projects, like how they, you know, all the different projects they worked on, some that failed spectacularly and some that succeeded, you know, their philosophy around business and negotiations and stuff like that, it gets really good after that. So definitely stick through, if you like this podcast, like if you like My First Million, you will like these guys.
I'm gonna just, I'll build the characters. You got Mike, who is this like workhorse. So anybody who likes, you know, a grinder, somebody who's scrappy, somebody who can bounce back from defeat, he tells a ton of stories about like, basically getting his ass kicked, almost failing and then somehow pulling it off.
So Mike is this workhorse of a guy. I've gotten to see him in action with the Milk Road. This guy is like, lives in the details and in the weeds. It's amazing.
And then Kendall is the opposite. He's like, how can I work smarter, not harder? He's the Mr. Shortcut. He is the guy who finds a way to make something happen, right? Like, he's the guy who hacked the Tesla referral program and ended up getting multiple Tesla roadsters. And he's the guy who did the same thing with Uber and Lyft and has like, Uber credits for life and Lyft credits for life. He's just a guy who's gonna solve the puzzle and get the shortcut solution. He will find the clever, the clever way to get it done. So these two guys are awesome. And I think you guys will like them. So enjoy this episode.

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