October's Funniest MFM Moments

**Ben** (0:15)
Hello and welcome to My First Million. This is producer Ben, and we've got a best of edition today. And today we're doing something a little different.
I went through and found what I thought were the funniest moments of MFM from the month of October. My First Million is first and foremost a business and entrepreneurship show, but it was kind of a comedy show. So I wanted to highlight a little bit of that. So to start with, we have Sam and Shaan talking about Kristin Kent, a woman who bought saraslist.com and held it hostage. And here Sam and Shaan are negotiating the details of what a fully fleshed out Saraslist website might look like.

**Shaan Puri** (0:46)
The real value here is not the domain, it's not the website, it's Kristin Kent. Okay, so here's my proposal to Kristin Kent. Here's my counter offer, my public podcast counter offer to you, Kristin.
I'll give you the $20,000. I'll give it to you. In fact, I'll give you the $30,000 that you paid for this domain. If you really paid that much for this domain, I mean, that's kind of crazy. But it comes with this catch.
We're gonna work together on this project. You're gonna do the work on the company side and I'm gonna do the work on the promotional side, the distribution side. And here's what we're gonna do with Sarah's List. We're gonna turn Sarah's List into a half a million dollar a year passive income stream. Eh, passive-ish, I should say. Passive for me, eh, it's a little active for you.

**Sam Parr** (1:36)
By the way, by the way, Shaan, when you say we gotta, let's remember, this is Sarah's List of which I am 50% of Sarah's List.

**SPEAKER_4** (1:44)
So whatever you say- Sam is on the side right now.

**Shaan Puri** (1:47)
Sam said no.

**Sam Parr** (1:47)
No, no, no.

**Shaan Puri** (1:48)
I got him on the record saying no a moment ago. And he's not a part of the counter offer. Sarah herself will get a 1% royalty as we use her name.

**Sam Parr** (1:56)
Not a chance. Here's what we gotta do.
What percentage of the dividends would you give or would you want Kristen to have?

**Shaan Puri** (2:06)
Kristen deserves 50%. She deserves 50%.

**Sam Parr** (2:10)
I agree. The other 50% split, you and I, and we will-

**Shaan Puri** (2:14)
90 to 10, you got it, sir.
So you can share the royalty with Sarah.
So here's what we're gonna do. Actually, I don't know if I even wanna say this deal. Now that we're having this intense negotiation, I wanna give out my great idea. Okay, I'll give out my great idea. So here's the great idea. Here's how we're gonna make this work. So normally a job, this is like monetized as a job board, right? It would be a list of companies that we are curating, saying these companies are great. And let's say we might take it to 24 or 25 companies rather than the 12 we have today. And normally on a job board, you pay like $500 a post for job posting. So we would need to go reach out to those companies, get them to post. The other thing, but hey, this is maybe premium. It's a curated job board. Maybe we could charge more, maybe a thousand, maybe $2,000 to be posting your jobs on here.
So if we've got people to do that, let's say $2,000 a month, 24 companies, let's say half of them actually do it. That's like 24K a month, not bad. But I think we're gonna be in this kind of constant sales outreach period. So let me put out a different idea. Here's a different idea.
We're gonna take these companies and we're gonna host a demo day, once a quarter. What's gonna happen at the demo day? We're gonna basically, each week, we're gonna feature one of these companies, we're gonna create an email list. We're gonna spin off our current email list and we're gonna say, we're gonna feature one of these companies, we're gonna do a deep dive of why this company is a good company to work for. And interested people, high quality people in tech might want to read these.

**Sam Parr** (3:45)
Well, that needs to be an upsell. That needs to be an upsell. Where it's like for $25,000, you get a deep dive.

**Shaan Puri** (3:50)
As a minority owner, I'm not sure you have a say here. So.

**SPEAKER_4** (3:53)
I could barely hear your voice.

**Shaan Puri** (4:00)
It was so faint, like your equity ownership in this.

**Sam Parr** (4:03)
If we're in the same room, do you think I would have hit you already? Or will that be coming in the next 10 minutes? Or would it have already have happened?