I Asked a $450M VC Where to Invest in 2026
3/3/202659 min
Get Shaan's money rules guide: https://clickhubspot.com/sbk Episode 801: Shaan Puri ( https://x.com/ShaanVP ) talks to Sheel Mohnot ( https://x.com/pitdesi ) about the biggest life lessons from investing, who wins in the AI race, plus AI-proof business ideas. — Show Notes: (0:00) Life lessons from investing (3:04) Create Your Own Yacht (11:27) The AI race (19:51) the last mile problem (28:45) The worst mistakes in business history (33:00) Masa Son's Vision Fund (37:42) Bryan Johnson, social media genius? (43:25) IDEA: Buying the Breaking Bad house (50:29) IDEA: Workout classes for seniors — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — 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 • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Clips
Transcript preview
First 90 secondsSheel Mohnot· Guest0:00
I could only lose three million bucks.
Shaan Puri· Host0:01
Right.
Sheel Mohnot· Guest0:01
I could gain three hundred million bucks.
Speaker 2· Soundbite0:03
[laughs] [rap music] I feel like I could rule the world. I know I could be what I want to. Uh. I put my all in it like no days off. On the road less traveled, never looking back.
Shaan Puri· Host0:12
All right, Neil, what's up, dude?
Sheel Mohnot· Guest0:14
Not much, man. Doing well.
Shaan Puri· Host0:16
Dude, always good having you on. You are, a-a-as always, I give you this title, the most interesting man in tech. You're, you're an, a great investor. You're a tech investor. Uh, how big is the fund or how much total have you, you invested now at this point?
Sheel Mohnot· Guest0:28
Um, about four hundred and fifty million total.
Shaan Puri· Host0:29
Okay, four hundred and fifty million dollars. So like, you know, I've learned a lot from poker, right? And in poker you learn all these lessons that actually, like, cross-apply totally outside the dom-domain of poker. What would you say are the lessons from investing that apply to life?
Sheel Mohnot· Guest0:41
I think, you know, one is just, like, upside can be greater than downside. Like, so if I invest in a company, let's say I put three million dollars into a company, there is a possibility of it being three hundred million dollars, but the downside is capped at three million. I could only lose three million bucks.
Shaan Puri· Host1:03
Right.
Sheel Mohnot· Guest1:03
I could gain three hundred m- three hundred million bucks.
Shaan Puri· Host1:05
[laughs] Yeah, 'cause if you don't work in, uh, investing or anywhere where you have that sort of asymmetric risk versus return, let's just say you have a hourly wage job, right? Like you're sort of... Your mind gets trained into this linear. I put one in, I get one out, right? Like, I can't put one in and get fifty hours of pay out of this next hour. That doesn't really ever happen in a normal job. But if your job is investing, you're like, "Of course, that happens all the time." [laughs] I lose one times