Proximity is Power & Other Nuggets of Insight from Shaan Puri
I think everyone needs to watch this interview between Jack Butcher & Shaan Puri. https://www.youtube.com/watch?v=gaqu_YrfXuQ
I’ve known Shaan for a few years and I always learn things from him. He is one of the sharpest thinkers around in Silicon Valley. He is a startup founder and operator. He used to run Monkey Inferno, the venture studio of Michael Birch of Bebo fame. He sold a company to Twitch and runs product, mobile gaming and emerging markets there. He is also the founder & co-host of “My First Million” a top 10 business podcast & is an investor through his Rolling Fund (over 2M usd a year to invest). A pretty accomplished guy.
Some key ideas that came out from this interview.
- “Proximity is Power” quotation from Tony Robbins as HT to Shaan Puri.
Another way to say who you hang out with matters. If you hang out with super successful people, you will become more successful. Being around them you almost absorb things through osmosis. You Learn how they got there, what they learned along the way. Usually real talk not revisionist stories. Become good examples & help break mental barriers.
2. The How takes care of itself. Get the Why & What right.
ABZ framework. A is the first step, B is the next step and Z is the end goal. You don’t need to know every single one of the steps, you will figure things out along the way. Keep taking action and don’t fall into “Analysis paralysis”
3. How to Find your Edge: Has to feel like Play to you, but feel like Work for others.
This is the only way for you to figure out your special niche. If you enjoy doing this, you should become really good at it. It also makes it harder for your competition, hard to be good at something if you don’t enjoy it.
4. The importance of controlling time. Not trading time for money.
Shaan shares how he scrapped a newsletter business that made him $50,000 usd a month because it got in the way of his lifestyle and took up far more time that it was worth.
5. Building an Audience and then building leverage.
The Influencer business model has changed. Early models like Tim Ferriss and GaryVee did well. But now you see a new generation like Shaan, Pomp and heck MrBeast take this to a new level & via leverage. Making & selling courses instead of writing a book. Raising a rolling fund from others to invest, instead of just investing your own money.
6. Importance of choosing the right project.
It’s the most critical decision. You are going to spend a lot of time working on it. So make sure it’s the right one.
7. Lessons from UFC superstar Conor Macgregor
Always being in a top state of mind. 2015 “Every year is going to be my year!” Your Mindset becomes your reality.
“You gotta feel some way. Why not feel good, why not feel confident, Why not feel unstoppable?” you get to choose how you feel. Why not choose these phenomenal states? Basically control your emotions and state of mind. Training your brain. Train yourself how to think. These small things are the big things in life.
8. Personal Ownership
Biggest thing is taking ownership of your decisions and your life. In my opinion, the philosophy of “Radical Self Reliance” that he preaches will become more prevalent in the post covid world. This is the only way forward if you want to build a fulfilling, accomplished and happy life.
Net net: watch the video and hope you learned as much as i did from this. Shaan is a superstar so please do follow him on Twitter @shaanVP and listen to his podcast. https://thehustle.co/my-first-million-podcast/
Listen to this Newsletter: https://listencat.com/the-hard-fork-by-marvin-liao-podcast/