We asked a $15B Investor how to survive the AI bubble
4/7/20261 hr 6 min
Run your life like a $100M business. Get Sam's personal system here: https://clickhubspot.com/emtd Episode 812: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Graham Weaver ( https://x.com/GrahamCWeaver ) about how which moats will win in AI and how he runs a ruthless PE strategy. — Show Notes: (0:00) Intro (7:06) The buy and build strategy (10:43) Mowing lawns (14:48) What’s the overhype with AI (23:00) Where’s the opportunity (25:17) Ruthless PE (28:17) Hero deal: $8M to $500M (31:24) White hot will to win (34:17) The blank page (44:02) Graham’s first million (46:03) the biggest wealth mistake (53:39) second-hand therapy from graham — Links: • Alpine - https://alpineinvestors.com/ — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm — 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 My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Clips
Showing 10 of 11Transcript preview
First 90 secondsGraham Weaver· Guest0:00
15 years ago, we set an objective to become the number one performing private equity fund. Since we set that goal, the four funds we invested after that have all done five X or better.
Shaan Puri· Host0:09
How do you do five X in six years? Well, you go get Navy SEALs to run plumbing companies.
Sam Parr· Host0:14
[laughs] Yeah.
Shaan Puri· Host0:15
[laughs] It's like, oh, well, that makes perfect sense to me.
Graham Weaver· Guest0:17
Yeah, it works pretty well. [laughs] Oh, yeah.
Shaan Puri· Host0:18
In your world, there's a bunch of, like, AI roll-ups. We're gonna buy a company, we're gonna throw AI in it, and it's gonna be awesome. Is that a good strategy?
Graham Weaver· Guest0:26
These venture-backed apps, they'll have two million of revenue and a five hundred million dollar valuation, and they're gonna go to zero.
Shaan Puri· Host0:32
How do you see the world and the market? Where do you see opportunity? Where do you see destruction? And where do you see overhype?
Graham Weaver· Guest0:38
Okay, I'll start with overhype. How about that?
Speaker 3· Soundbite0:40
[singing] 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...
Shaan Puri· Host0:50
All right. Well, listen, uh, we have Ram Weaver here today. You've seen this guy all over YouTube, TikTok, wherever you've been seeing. What I'm interested in is, I would have always loved to go to Stanford and go to Stanford Business School. There's probably a lot of people listening to this that kind of wonder, "What would it be like?" And h-h- you know, that would be cool to be able to go learn from the best at one of the best schools. Well, we get to kind of do that today. We have somebody who not only is out in the field, you've got a private equity fund that has almost, like, twenty billion d- in assets under management, but you also teach at Stanford. And I think today it'll be fun if we get to hang out and pick your brain and be students, uh, like we're in your class.
Graham Weaver· Guest1:25
Love it. L-looking forward to it.
Sam Parr· Host1:27
You know, what, what's funny is, like,