How FTX Scaled A $30 Billion Company With Only 30 Engineers! artwork

How FTX Scaled A $30 Billion Company With Only 30 Engineers!

My First Million

June 21, 2022

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about the problem of over hiring (example FTX), party planning tips from entrepreneur Nick Gray's new book, and one successful egg carton business. Also, want $5,000? Check out the My First Million Clips contest.
Speakers: Sam Parr, Shaan Puri, Jonathan
**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.

**Shaan Puri** (1:03)
I read something very interesting, that FTX as a $30 billion company only has like 200 employees or something like that. And I believe for the first year, the product was built by just two engineers and even now you only have sub 30 engineers. A, is that true? And B, what the hell is going on? Like, do you, is FTX, he's like, he's like, I can only think of one of two things. Either FTX is simply like, you have a unique set of problems, so you can do, you can operate your business differently. Or the rest of us are doing this completely wrong, which is it?
And he goes, the latter.
What up, birthday boy?

**Sam Parr** (1:51)
Thank you, what's going on?

**Shaan Puri** (1:52)
How's it going?

**Sam Parr** (1:54)
It's going okay. I ate a little bit of-

**Shaan Puri** (1:58)
I was gonna sing to you.

**Sam Parr** (1:59)
You FaceTimed me?

**Shaan Puri** (2:01)
I FaceTimed you earlier.

**Sam Parr** (2:02)
Oh, I'm sorry, I didn't even get the notification. I was, I had personalized.

**Shaan Puri** (2:09)
But you did miss out on, what would have been a good serenade? Actually, can I tell you a funny story about that?

**Sam Parr** (2:14)
Wait, was your kids there?

**Shaan Puri** (2:16)
No, it was just me and Ben.

**Sam Parr** (2:18)
Oh man, what a bummer. I'd rather see your kids, so I've got baby fever.

**Shaan Puri** (2:22)
Oh, nice.

**Sam Parr** (2:23)
Yeah.

**Shaan Puri** (2:23)
Well, actually, my son was there. But before the age of two, they're just like an inanimate object that you just carry around.

**Sam Parr** (2:30)
I was working out and when I work out, I put my phone on focus mode or whatever. So I'm sorry, but thank you.

**Shaan Puri** (2:38)
Swole mode. So how old are you now?

**Sam Parr** (2:41)
33

**Shaan Puri** (2:43)
33 Okay, you're getting up there too. All right, I like it. So you're, I think a year younger than me. I was at a birthday party like two weekends ago. I had to leave the house. It was crazy and we get there and this guy did this thing that I saw and I was like, oh, what an amazing little life hack.
He basically had some kids birthday party.
They sing happy birthday. It's time to blow out the candles and cut the cake. The guy grabs the mic and he's like, hold on, hold on, we got a special birthday song for you and this guy, apparently, because my wife knows him, she's like, oh my God, he's doing it. He always does this and it's like he has his own version of happy birthday that he sings, but it's not like a singing thing. It's more like he's Indian, so it's got an Indian vibe to it, but let's just pretend it's like when I say happy, you say birthday, happy, and everyone else like birthday, happy birthday, he's like.

**Sam Parr** (3:39)
I always love all those.

**Shaan Puri** (3:42)
Of course, it's like there's something in my body that just I can't help but become like, follow the leader during that moment and he'll be like, who's the birthday boy? Sam, Sam, Sam. It's like it'll make you feel good. I was like, what a life hack to just be the life of the party is to simply have a cool version of happy birthday that you can do.

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