Shaan Puri Profile Banner
Shaan Puri Profile
Shaan Puri

@ShaanVP

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founder, investor, & creator of the My First Million podcast (over 25M+ downloads a year)

San Francisco, CA
Joined January 2010
Don't wanna be here? Send us removal request.
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@ShaanVP
Shaan Puri
4 years
A few semi-controversial things I believe 👇
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@ShaanVP
Shaan Puri
4 years
If you're out of the loop - this is the (hilarious) story of a subreddit (wall street bets) taking down a multi-billion dollar hedge fund... get your popcorn ready 🍿
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@ShaanVP
Shaan Puri
3 years
Hot take: Everyone is wrong about the Metaverse. here's my 3 part theory..
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@ShaanVP
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1 year
The economy is just smart people paying beautiful people to promote stuff to insecure people.
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@ShaanVP
Shaan Puri
4 years
So... everyone seems to think clubhouse is the "next big thing" - but I think it's going to fail. Here's how I think it all goes down..
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@ShaanVP
Shaan Puri
2 years
Here's the 30 second summary of the FTX drama that is blowing up in crypto. 1/ How FTX (a multi billion dollar co) almost died overnight 2/ And why this is a god tier strategic move by @cz_binance
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@ShaanVP
Shaan Puri
4 months
innvoator. dreamer. genius.
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@ShaanVP
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2 months
Anyone still using one of these things? If so, what do you love using it for?
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@ShaanVP
Shaan Puri
4 years
to be clear. This has nothing to do with gamestop as a business. They are just a piece of rope being used in a tug of war between internet nerds and wall st suits. the rally cry on r/wallstreet bets: "we can remain retarded for longer than they can stay solvent!"
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@ShaanVP
Shaan Puri
2 years
This year I learned that there is no"smart money" A16z, Sequioa, Chamath, Tiger, Tribe Capital, Coatue, Softbank, Paradigm, Ark, 3AC, Alameda, FTX, etc.. all made terrible financial decisions, at huge size. and yet - most will get richer.
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@ShaanVP
Shaan Puri
4 years
Elon Clubhouse summary for those who are locked out:
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@ShaanVP
Shaan Puri
3 years
Wow. Someone asked Elon Musk: "what encouraging words do you have for people who want to do a startup?" His answer: If you need words of encouragement, don't do a startup. 🎤
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@ShaanVP
Shaan Puri
3 years
Don't start with learning. Start with doing....and learn when you get stuck. There, I fixed education.
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@ShaanVP
Shaan Puri
2 years
If Elon really trimmed Twitter down to an H1-B only workforce… BULLISH Immigrant energy is unmatched
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@ShaanVP
Shaan Puri
4 years
Creative ppl should NOT work Monday-Friday 9-to-5 (yet 99% do this) @naval has a great framework. Work like a LION. - sit - wait for prey - SPRINT - eat/enjoy - rest & repeat Most people work like COWS instead. Standing in the field all day, grazing grass slowly.
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@ShaanVP
Shaan Puri
2 years
Assume you get paid $1M per year no matter what you do, but you still gotta work 40 hours a week What would you pick to work on?
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@ShaanVP
Shaan Puri
4 years
Melvin had a $55M+ short against GME.. If you're not familiar with shorting - read this simple explanation using apes and snakes and bananas from the subreddit. Teachers, take note:
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@ShaanVP
Shaan Puri
4 years
If you invested $1k ten years ago: Google: $6k Facebook: $9k Amazon: $22k Netflix: $34k Tesla: $159k Bitcoin: $237M Which one would you invest $1k in to hold for the next 10 years?
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@ShaanVP
Shaan Puri
3 years
Part III - What it is The metaverse is the moment in time where our digital life is worth more to us than our phsyical life. This is not an overnight change. Or an invention by some steve jobs type. It's a gradual change that's been happening for 20 yrs
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@ShaanVP
Shaan Puri
4 years
Melvin lost $2B+ in like 2 weeks, and just had to get bailed out by 2 other funds just to cover it's losses from the shorts. It's not quite George Soros "Breaking the Bank of England" - but it's close. The yolo traders of reddit just broke a multi-billion dollar hedge fund
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@ShaanVP
Shaan Puri
4 years
Wow. Parler just became the #1 app on the App Store. “Unbiased Social Media” is basically a giant 🖕to Twitter and Facebook
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@ShaanVP
Shaan Puri
4 years
10 years ago, Netflix spent $0 on original content. This year: Netflix: $11B Apple: $6B Disney: $1B + amazon, hulu HBO etc. = $20B+ Here's a crazy startup idea to take a swing at this $20B+ content piñata. 👇 Here's a quick business plan 🤔
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@ShaanVP
Shaan Puri
4 years
Whitney Wolfe - * the hustler behind Tinder's early growth * got harassed, stripped of her cofounder title, left the co * created Bumble, a rival version of Tinder for women * took it public * became a billionaire at 31 * celebrated the IPO while holding her kid winning!!
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4 years
This is what leadership looks like. #BumbleIPO @WhitWolfeHerd 💛
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@ShaanVP
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1 year
Why I SHOULD be the next CEO of ALL IN (...sorry guys, I couldn't resist.) @theallinpod @chamath @friedberg @davidsacks @jason
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@ShaanVP
Shaan Puri
3 years
how to not f*ck up relationships (in business & life)
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@ShaanVP
Shaan Puri
4 years
If you wanna level up - the fastest hack is to hangout with people who are ALREADY at that level. The beauty of twitter is that you can hang with anyone. The problem is ppl follow the wrong accounts. It's noisy as f*ck. Here's 27 people you should follow (and why)👇
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@ShaanVP
Shaan Puri
2 years
CZ clears it up "FTX was in trouble. We bought them to save them" Binance basically started a rumor, made a threat, and ended up buying its biggest competitor overnight. magnus carlsen approves
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@ShaanVP
Shaan Puri
4 years
It keeps going. Logan Paul. Beeple. Gary V sees that you've created a new place to yell, and immediately starts a room telling 24 year olds if they really want to make money, just move back in with their parents & sell their parents furniture on craigslist.
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@ShaanVP
Shaan Puri
2 years
My friends buy cashflowing businesses from retiring boomer owners. In 2.5 years: $80M+ in revenue, $15m+ in ebitda from steady, boring businesses that have been around for decades One of my best investments ever Big upside, without the risk profile of typical startups
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@ShaanVP
Shaan Puri
3 years
bitcoin is something straight out of a movie. I marvel at it. - mysterious founder - who never touched a penny of a $50B+ fortune - finds a breakthru in computer science to give us money without needing to trust banks & governments - right after the bank bailout
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@ShaanVP
Shaan Puri
3 years
Is this a good or a bad thing? Like anything, it's neither good nor bad. It's just a thing. A very different thing.
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@ShaanVP
Shaan Puri
4 years
The ancient struggle was not having enough. The modern struggle is having too much. Too much news, too much sugar, too much of everything at your fingertips..There's only 1 way out.
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@ShaanVP
Shaan Puri
3 months
Unbelievable. Look at the headlines.... "A half truth is the most cowardly of lies" - Mark Twain
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@ShaanVP
Shaan Puri
7 months
what's the tell-tale sign that someone is actually happy / content in their life?
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@ShaanVP
Shaan Puri
3 years
The #Bitcoin experience
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@ShaanVP
Shaan Puri
2 years
7 predictions for 2023: 1) elon gets cancelled / one of his co's declines 90%+ in value from ATH 2) sp500 down 30% by july 3) ETH touches $600, Bitcoin $11k 4) Bucks win the championship 5) facebook ads return to form post iOS14 6) OpenAI valued > $75B 7) TikTok banned in US
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@ShaanVP
Shaan Puri
3 years
I used to think "billionaires going to space" was some kinda thing-swinging-contest. But check this out. Back in 2000, he says "if I could do anything, I'd want to explore space....maybe in 20 years the tech would be ready" 21 years later. He got went to space today!
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@ShaanVP
Shaan Puri
2 months
wild stat of the day: OnlyFans creators made more $$ than all NBA players combined last year
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@ShaanVP
Shaan Puri
4 years
The best startups do what your parents told you NOT to do: * Don't get into a stranger's car --> @Uber * Don't sleep in a stranger's house --> @Airbnb * Don't talk to strangers --> @Tinder * Don't play video games all day --> @Twitch * Don't be lazy --> @Doordash
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@ShaanVP
Shaan Puri
3 years
Every important part of life is going digital. Work --> from factories to laptops. boardrooms to zooms. Friends --> from neighbors to followers. Where do you find like minded people? Twitter. Reddit. etc. Games --> more kids play fortnite than basketball & football combined.
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@ShaanVP
Shaan Puri
4 years
congratulations to the rando new millionaires from this
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@ShaanVP
Shaan Puri
4 years
Real Estate has the highest % of "dumb rich people". I'm not saying you're dumb if you're in real estate. I'm saying -- if you want to get rich without needing to be a genius, real estate is your best bet.
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@ShaanVP
Shaan Puri
4 years
the hero of our story: a user named DeepFuckingValue bought $50k of call options in Gamestop ($GME) that has turned into a $13M+ win in ~3 months. he's a part of the subreddit r/WallStreetBets, a group of degenerate gamblers that I love.
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@ShaanVP
Shaan Puri
4 years
Hard work is massively overrated. *WHAT* you work on is far more important than *HOW HARD* you work. I'm pretty lazy. But I'm happy and successful. Janitors work hard. Backline cooks work hard. Hard work helps you win your game. Choose the right game.
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@ShaanVP
Shaan Puri
3 years
Everything goes digital. Your friends, your job, your identity. And now with crypto, your assets are online too. Bored Apes are the new Rolex. Fortnite skins are the new skinny jeans. If everyone hangs out online all the time, then your flexes need to be digital.
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@ShaanVP
Shaan Puri
2 years
If I'm @MrBeast I'm launching a better-for-you soda go for coke & pepsi's neck
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@ShaanVP
Shaan Puri
1 year
the next zuckerberg is up all night, coding up an AI girlfriend/boyfriend. Steve Jobs fixed boredom (phone) Zuck fixed people watching (FB/IG) Speigel fixed flirting (Snap) The next one will fix loneliness. people will mock it, use it, then be addicted to it.
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@ShaanVP
Shaan Puri
2 years
What you do with your grocery cart in the parking lot tells me everything I need to know
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@ShaanVP
Shaan Puri
3 years
So if you play this forward another 10-20 years - we will cross into the metaverse The moment in time where digital matters more to us than physical. Our attention used to be 99% on our phsysical environment. TVs dropped that to 85% Computers down to 70% Phones.. 50%
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@ShaanVP
Shaan Puri
2 years
I just sold my 2nd company! ( @MilkRoadDaily ) super happy. - grew from zero to 250,000 readers in less than 1 year - self funded & profitable even w/ crypto crash - biggest daily crypto newsletter here's how it happened..
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@ShaanVP
Shaan Puri
2 years
Behind the scenes with Peter Levels (the guy who makes $2.7M/year, with 1 employee and 0 f*cks given) 1. He's hilarious 2. He makes ~$3M/yr with 90% profit 3. Owns almost nothing (1 bag) 4. Has 1 employee Here's how he does it
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@ShaanVP
Shaan Puri
3 years
The Twitter Bio Paradox.
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@ShaanVP
Shaan Puri
4 years
short squeezes (and day trading) are stressful and super volatile. But... I'm here for the petty fight between internet trolls and wall st. And in that fight, i'm going with the neckbeard cat guy rather than goldman sachs suit. $50k on $GME and $BB at market open baby 😅😅😅
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@ShaanVP
Shaan Puri
3 years
I think ETH is undervalued by 4x - and here’s the math that shows why.
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@ShaanVP
Shaan Puri
4 years
I have moved 25% into Bitcoin 🌝
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@ShaanVP
Shaan Puri
3 years
Soon, some company will make smart glasses that sit in front of our eyes all day. We will go from 50% attention on screens to ~90%+ That's the moment in time when the metaverse starts. Because at that moment, our virtual life will become more important than our real life.
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@ShaanVP
Shaan Puri
4 years
$GME is check. $BTC is checkmate
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@ShaanVP
Shaan Puri
3 years
this thread went viral, but I forgot to add two things: 1) Nobody will call it the "metaverse" in a few years. That's like in 1997 people used to call the internet the "information superhighway" and "cyberspace" 2) except pooping. we'll all still poop in the real world
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@ShaanVP
Shaan Puri
2 years
I have a new hero and her name is Sarah Moore. • Under 30 years old • Had no money, no experience. Biggest asset was her car (a RAV4) • Spent 1 year hunting through 100,000+ businesses to find ONE to buy • Bought a $20M+ business called “”, all debt
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@ShaanVP
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4 years
"Why can't Melvin capital just uninstall robinhood and reinstall it to restore their save game to get their money back????" - u/dopexile
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@ShaanVP
Shaan Puri
3 years
most people's writing is boring, or too complicated. here's 7 things that will make you a better writer. Let's start with the most non-obvious tip:
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@ShaanVP
Shaan Puri
3 years
Working at a big tech company is the best passive income scheme
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@ShaanVP
Shaan Puri
2 years
best life decision: hiring a family chef
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Shaan Puri
4 years
So I thought the whole "paid newsletter" thing was dumb. So naturally, I tried it out as an experiment.. The results were kinda nutty. The newsletter started bringing home $49k per month (!) -- Here's the backstory
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@ShaanVP
Shaan Puri
4 years
"Most people" do what "Most people" do. This is a huge mistake. In the US: * 50% of marriages end in divorce or separation * 60%+ of the pop. is obese or overweight * 70% of people have less than $1k in savings What "most people" are doing isn't working
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@ShaanVP
Shaan Puri
3 years
airbnb is a cleaning company disguised as a hospitality company
@alfeuerer
Alyssa Feuerer
3 years
Airbnb’s unclear pricing is such a frustrating thing to navigate. How you can go from $126/night to $266 is absurd. How does this help people?
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@ShaanVP
Shaan Puri
4 years
Becoming a Billionaire is a silly goal. they just give the money away anyways. Instead..be a: - Help Billionaire, helping 1B people. OR - Time Billionaire - having complete freedom of schedule, to invest billions of minutes into projects you care about.
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@ShaanVP
Shaan Puri
9 months
I didn't plan to share this, but f*ck it, why not. I've met Tony Robbins twice now. I'm sharing some of the biggest takeaways here on a google doc (public access). You can see my cursor writing now. 99% of people will never go to his events. too busy, too expensive, or just
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Shaan Puri
4 years
I have two paths to becoming a billionaire: 1) start a world changing company 2) marry an early stripe employee
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@ShaanVP
Shaan Puri
10 months
Dear anyone who wants to be a "creator" or "build an audience" in 2024. There's something you should know... Here are a few of the non-obvious lessons I've learned building a 500k+ followers & 100M+ downloads: #1 - WHO follows you is far more important than HOW MANY people
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@ShaanVP
Shaan Puri
3 years
our attention has been sucked from physical to digital. And where attention goes, energy flows. If 50% of our attention is on our digital screen, then 50% of our energy will go to our digital life. Today it takes some effort to take our phone out of pocket and look at it.
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@ShaanVP
Shaan Puri
3 years
Identity --> filters are the new makeup. Stories are your personal billboard to broadcast who you are. What matters more. What you look like in real life? or what you look like on instagram? The pic on the left is what they see, so it's what matters.
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@ShaanVP
Shaan Puri
4 years
except in this case - redditors saw the overloaded short position and started buying the stock, as a "short squeeze" against melvin. Now the "borrowed" shares were due, but redditors refused to sell, demanding higher and higher prices.
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@ShaanVP
Shaan Puri
4 years
Content creators are happy. But retention doesn't improve. Why not? You have a bad case of The Interesting-ness Problem. When a user opens an app (IG, youtube, TikTok) they need juicy content within 7 seconds (or they bounce) This is the "Interesting-ness" problem.
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@ShaanVP
Shaan Puri
3 years
Life is unfair. I would die for my daughter but she won’t even eat this last bite of macaroni for me
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@ShaanVP
Shaan Puri
24 days
a tale of two lives
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@ShaanVP
Shaan Puri
4 years
The internet content supply chain: 🌱4chan --> Imgur --> Reddit --> Blogs --> Twitter --> Facebook --> Linkedin 🪦
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@ShaanVP
Shaan Puri
4 years
If you work in tech - joining a startup is a bad financial decision. Employee #1 gets 10x or 20x LESS equity a founder gets + takes a salary cut. Big companies pay way more, and have less stress. $$ wise - Start a startup or work at a big co
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@ShaanVP
Shaan Puri
4 years
HIRING - a meme god. +get paid $500/month (in bitcoin) +get paid to make memes +memes must be business/startup focused +no vacation, no sick days, you're making memes ffs looking for wit. apply by DM'ing meme 3 memes. Will attach examples of "good work" below:
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@ShaanVP
Shaan Puri
3 years
I'm not saying I'm a genius Or that Mark Zuckerberg reads my tweets. But I am, and he does. checkout this clip from @lexfridman pod with Zuck. He talks about the metaverse thread I wrote. he mispronounces my name, but I'll let it slide. Easy to mixup "shaan" and "someone"
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@ShaanVP
Shaan Puri
4 years
Here's a lesson on how to do cold outreach right. Don't ask someone for "coffee" or a "quick 20 min call" (or worst of all - "to pick their brain". You brain pickers stay away) Here's an example of how my cousin hustled & got connected with @chamath
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@ShaanVP
Shaan Puri
3 years
OK let's try something fun. I just minted a new NFT called "5 Minutes of Fame" on @opensea This is a 1 of 1. And it's not just a picture, it has actual utility built in. Here's how it works:
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@ShaanVP
Shaan Puri
4 years
my #1 hack for figuring out if someone is great to work with: point out something they are wrong about a) get defensive --> no go. b) shutdown/get quiet --> no go. c) quickly recognize truth ("oh shit, yea good point") = they're a keeper
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@ShaanVP
Shaan Puri
3 years
Divorced couples in court trying to split their NFT collection
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@ShaanVP
Shaan Puri
3 years
I have zero interest buying a fancy car. You know what I want? A personal in-home chef. I can't think of a better way to spend money than on a chef. how do I get one starting next week?
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@ShaanVP
Shaan Puri
3 years
Part II - It's Not a Place, It's a Time A time? wtf? Yes, a moment in time. You know in artificial intelligence, there's an idea of "the singularity"? It's a moment in time where AI becomes smarter than humans. The moment when artificial intelligence > human intelligence
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@ShaanVP
Shaan Puri
3 years
Success comes from daily impatience and decades of patience
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@ShaanVP
Shaan Puri
11 months
There are two types of people..
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@ShaanVP
Shaan Puri
3 years
I invested in 47 startups in a year. Here's how the math shakes out: $4m deployed , 47 companies ($85k avg check) Median valuation I invested at = ~$16M So... let's think out loud here..
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@ShaanVP
Shaan Puri
3 years
the best people you hire are awesome pretty much immediately. slow starters rarely become stars
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@ShaanVP
Shaan Puri
4 years
So here's the situation. Gamestop (GME) = a dying biz. circling the drain. Who goes to a store to buy games? It's basically a pokemon card dealership at this point. Plus with covid, malls are dead. So some Hedge Funds are shorting the stock, betting it would go down.
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@ShaanVP
Shaan Puri
3 years
Here's my 1 hour a week hack to building a personal brand inside any Big Company™️. Now that I'm never-gonna-be-employed-again, you can steal this.
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@ShaanVP
Shaan Puri
2 months
An engineer who can “build anything” is worth $1M An engineer who can figure out “what to build” is worth 100X that In business, the GPS creates more value than the engine.
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@ShaanVP
Shaan Puri
3 years
Get good at feeling good. I mean it. Get good, at feeling good. How I do it:
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@ShaanVP
Shaan Puri
4 years
software is such a cheat code in the game of business. My first company was a restaurant. One of the worst businesses you can start (everyone told me this, but being young, I told them to kick rocks)
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@ShaanVP
Shaan Puri
3 years
You want everyone vaccinated? Don't lecture them with science. Don't tell them there's "nothing to worry about" Offer every vaccinated household a FREE 55" 4K TV. $500 per household. Get vax = get free TV. You'll save lives & hundreds of billions of dollars in stimulus
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@ShaanVP
Shaan Puri
3 years
Brutally honest brand slogans iPad: “it’s cheaper than a nanny” Tiktok: “because watching your neighbors daughter thru the window would be weird” TacoBell: “hey.. what’s one more bad decision going to hurt?” Tupperware: “for food you want to throw away tomorrow, not today”
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@ShaanVP
Shaan Puri
4 years
One fund in particular, Melvin Capital Managment - a multi-billion dollar hedge fund...had been accruing a big short position in gamestop. Usually you don't have to disclose your shorts - but these were 'listed put options' so some clever redditors discovered the position
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@ShaanVP
Shaan Puri
3 years
Part I - Everyone is wrong Most people think "the metaverse" is a virtual place. Like in the movie Ready Player One. A virtual world, like Minecraft, Roblox, or like Zuck showed in the facebook demo yesterday. But what if it's not a place?
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@ShaanVP
Shaan Puri
3 years
Secret Leading indicators a startup is about to fail - CFO leaves - CEO starts angel investing - Office snack game goes to shit
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