My First Million

Unicorn Founder on Unseen Arbitrages, the Paradox of Wealth + Charlie Munger Wisdom ft. Ryan Petersen

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Episode notes

Episode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company. 

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Show Notes: 

(0:00) Import Genius

(5:36) Paul Graham's superpower

(9:34) Data-as-a-service framework

(13:51) Charlie Munger's worldly wisdom

(19:45) Prioritizing adventure

(24:09) The paradox of wealth

(28:51) Charlie Munger's student experiment

(31:00) Negotiation masterclass

(37:23) Inside Founders Fund

(43:16) Being in a crowd v following a crowd

(46:29) Highs and lows

(48:52) "You can just do things"

(50:16) Unseen arbitrages

(53:00) $50M Phone booths

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Links:

• Flexport - https://www.flexport.com/ 

• ImportGenius - https://www.importgenius.com/ 

• Schlep Blindness - https://paulgraham.com/schlep.html

• Poor Charlie’s Almanack - https://www.stripe.press/poor-charlies-almanack 

• Founders Fund - https://foundersfund.com/ 

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Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd

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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 The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano