Part 2: Pomp On His Businesses, Young Rock Star Employees, And The Internet Entrepreneur Hero

**Anthony Pompliano** (0:00)
But what I've, over time, started to realize also is like, and it goes back to kind of why we want to start some of these companies, investing in other people's companies is great. And obviously the power law takes over, and when that occurs, it's amazing, and angel investing can be really profitable. But actually, you're much more likely to be able to take 50, $100,000, start a business, and get to like a million dollars in revenue, and throw off 500 to $700,000 in profit, year after year after year, and do it with a very high degree of probability of success.
And so in some way, what's better than angel investing in other people's ideas? It may actually be just angel investing in your own ideas or your own companies. And so that's really where I've been focused, is like, yes, I will still on occasion invest in other companies, but now I wanna start these businesses, and I look at it as what is the competitive advantage?
We have capital, but we also have distribution.
And so if you have capital and distribution, you basically just need like a decent idea and you need an absolute killer operator. And if you can find those two things, combine it with the capital and distribution, you got a good chance of being able to make some money.

**Shaan Puri** (1:15)
All right, we got an episode here with Pomp, Anthony Pompliano, who you may know as the Bitcoin guy. He's huge all over YouTube, Twitter, everywhere else.
He came on, we're actually gonna do this as a two-part episode, because at the beginning, it was all business. We were business in the front, we were talking about this crazy million dollar Bollogy bet, where he's betting that Bitcoin is going to a million dollars in the next 90 days. We talk about that, why Bollogy thinks it, what we think about the bet, and Pomp does a, I don't know, Econ 101, where he explains what's going on with the banking system from his perspective. That was good. And then the second-

**Sam Parr** (1:50)
But here's the thing though, in that episode, the whole episode is about something that's gonna happen inside the next 90 days. So if you're gonna, it is a little fearful listening to it, and so actually listen to the whole thing, and do it now, because we're talking about something that's happening in 90 days. And then go ahead, the second episode was way more fun, and it was pretty wild. Go ahead.

**Shaan Puri** (2:09)
We talk about his business empire, what he's building and why he's building it that way, why he gave back all the money from his fund and shut that down, why he-

**Sam Parr** (2:16)
It's huge.

**Shaan Puri** (2:17)
Turned off all his advertisers, millions of dollars of advertising, what he's doing instead. So we talked about that.
And then we talked about, then it went off the wall, and the pod got a little crazy, but in a great way. I think people are gonna, you're gonna love part two.

**Sam Parr** (2:30)
He broke down all of his businesses and how they work. It's very impressive. It was pretty wild, and he's impressive. He's significantly more impressive than a lot of people think, I think, because there's way more behind the scenes.

**Shaan Puri** (2:42)
Pretty funny stories, which Pomp is usually, he's pretty buttoned up on his main channel because he's talking finance, he's talking serious, but he tells some pretty funny stories. So the second, part two is the more fun episode. Part one is the more serious episode. I think you'll like them both.

**Sam Parr** (2:56)
And we have to remind you guys that our episodes, we work really, really hard. And unlike every other type of podcasts out there, our stuff's not free, but you don't pay with money. All you have to do is go to our YouTube page. We call this the Gentleman's Agreement.
What is it? The Lady's Understanding.

**Shaan Puri** (3:13)
The Lady's Understanding.

**Sam Parr** (3:14)
You go to our YouTube page.
And the reason it's called that is because it's an understanding, it's an agreement. We can't be there behind your screen to check this, otherwise we would, but everyone's doing it. So just go ahead and do it and click subscribe on YouTube. And then just go ahead and do that on Spotify and iTunes because the more you do that, the more our volume goes up and we get more downloads that we could do, keep doing this type of stuff. Pomp ain't gonna come on to episodes like this if we don't have a big listenership. Same with all the other guests.