Oculus & Anduril Founder Palmer Luckey: From Flipping iPhones On Ebay To Selling For $2Bn To Facebook

**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.

**Palmer Luckey** (1:02)
I remember there were times where the thing I needed, it would cost like $50. And it was just like, it was inconceivable that I could afford it. I mean, like honestly, Occulus owes more to the iPhone than anything else. I mean, like if the iPhone wouldn't have existed, there wouldn't have been broken iPhones for me to buy, unlock, repair and sell on eBay. Like, cause I made tens of thousands of dollars as a teenager on that side hustle.
Like if that had not happened, then Occulus probably wouldn't exist today. That's it.

**Shaan Puri** (1:39)
What's up, we got Palmer Luckey on the podcast. Palmer is a billionaire. He created Occulus, which he sold to Facebook.
He's created Andrew, which is now one of the biggest, like, government, they make weapons for the government.
And super interesting guy. I'm gonna call it right now. I think this is a all-timer episode. I don't know what, I don't, you know, you guys know, I don't hype it up like that, unless it's legit. This was an all-timer episode. Sam, what are some of the things that we talked about?

**Sam Parr** (2:03)
So early on, we asked him basically what he did with his money. So he made hundreds of millions of dollars at the age of like 23 or something like that. And we said, where did you put your money? And he was very clear on what he did with it.
He talked about some of his early crypto investments. So he bought crypto way, way early, like in 2010, I think he said. He talked about how he was making minimum wage and then became a billionaire like four or five years after just making minimum wage. What else?

**Shaan Puri** (2:28)
We talked about a couple of different things, where he likes to hang out on the internet. We're like, dude, where do you, how do you know about all this stuff? Where do you learn this stuff? What are your subreddits? What are you listening to and reading? Cause I need to start doing some of that. So he told us some of his-

**Sam Parr** (2:41)
By the way, do you remember, he actually said a Facebook group that he liked and he actually named it the Facebook group. Which I have a feeling is gonna get a lot more popular.

**Shaan Puri** (2:49)
And then, yeah, he talked about basically like, is World War III gonna happen, right? He's supplying, you know, his company builds tech for the Department of Defense.
And so is World War III gonna happen? Is there gonna be a nuke? What is a tactical nuke?

**Sam Parr** (3:04)
Well, you asked him a very specific question. You go, is Russia gonna drop a nuclear bomb? And his perspective is interesting. I thought it was a good question.

**Shaan Puri** (3:10)
And then the best part was we said, all right, you sold Occulus, and then you created Anderil, which is an even bigger success. I think it's like valued at $8 billion or something.
But there was many years in between. Did you consider doing any other ideas? And he opened up and he was like, yeah, actually there were these two or three other ideas. He had an idea about creating a new kind of prison. He had an idea that would try to solve obesity.