Why Direct-to-Consumer Companies Are Awesome to Own | My First Million #217

No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd - In this episode Shaan (@ShaanVP) and Sam (@theSamParr) debate the merits of owning and operating a direct-to-consumer e-commerce business. Shaan breaks down some of the basic ins-and-outs you should look for with ad spends and purchase multipliers. They also discuss the state of economy and whether or not we are in a bubble (or rather, many bubbles), a new NFT project called Loot, the recent raises of Whoop and Allbirds, and Sam's friends Bitcoin gamble. — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth 💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC https://clickhubspot.com/pitch Links: 📧: Sign up for The Hustle Daily Newsletter: https://link.chtbl.com/IWuJI61L 🎙️: Download Our Podcast: https://link.chtbl.com/L8-XyuYw A podcast where we brainstorm new business ideas based on trends & opportunities we see in the market. Sometimes we have famous guests, and they do it with us. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. * The Everything Bubble: https://blog.ftx.com/blog/the-everything-bubble/ --------- Show notes: * (0:00) Back to school * (1:14) A psychedelic story * (8:55) The story that lead to a breathwork app * (16:12) An event better than SoulCycle * (18:04) The ranch retreat for deeper connections * (25:04) The 2018 Bitcoin gamble * (29:30) The Everything Bubble * (37:59) Loot - 10 words of gibberish * (40:04) Thoughts on Whoop's recent round & Allbirds S-1 * (45:22) Why DTC companies are awesome * (53:55) Shaan's award show