My First Million
My First Million

#67 - A Very Random Episode

Sam (@thesamparr) and Shaan (@shaanvp) are back to chat about Thrasio Amazon FBA Rollup (4:11), what they like and don't like about the podcasting life (10:04), Sam's obsession with Bees (22:18), Comedian streaming platform (27:17), Carta CEO sharing his laying off message to staff publicl

Featured Speakers

Sam Parr & Shaan Puri HostJordan Harbinger Guest

Topics Discussed

Episode Summary

Executive Summary: The conversation starts with Jordan Harbinger discussing the Kobe Bryant interview, then shifts into a wide-ranging business riff: Amazon FBA economics, the risks of platform dependence, podcast growth strategies, remote-work/home-studio gear, beekeeping as a metaphor for human behavior, a possible mid-tier comedy streaming service, and criticism of Carta’s layoff memo. A major throughline is how media, platforms, and companies shape incentives and messaging.

Main Topics: Jordan Harbinger’s Kobe Bryant interview (Priority: 5/5): Jordan explains how he unexpectedly landed Kobe Bryant after a guest cancellation, what it was like recording with him, and how he focused on business, creativity, hiring, and life beyond basketball. Amazon FBA economics and platform risk (Priority: 5/5): The show unpacks a listener insight that Amazon sellers can make solid income but face shrinking margins, tougher competition, and existential risk from Amazon policy changes or suspensions. Podcast growth, audience loyalty, and guest strategy (Priority: 4/5): The hosts discuss how podcasts build sticky communities, why guests can drive discovery, why some guest episodes fail, and how appearing on other podcasts can expand reach. Remote-work setup and the creator economy for home offices (Priority: 4/5): They talk about improving Zoom appearance with better cameras, lights, and accessories, and how tools built for streamers/gamers now serve remote professionals. Beekeeping, space, and human behavior (Priority: 4/5): One host shares a long beekeeping anecdote about bees filling available space with honey, using it as a metaphor for how humans fill physical and mental space with possessions. Critique of Carta’s layoff announcement (Priority: 5/5): The hosts dissect Carta CEO Henry’s layoff message, praising the actual employee support measures but criticizing the tone, self-referential framing, and shareholder-vs-employee rhetoric. Media incentives, headlines, and ‘kayfabe’ (Priority: 5/5): They argue that journalists often frame stories in adversarial ways for clicks, discussing examples involving Silicon Valley coverage, headlines, and the performative nature of public feuds.

Key Arguments: Kobe Bryant was surprisingly accessible and honest, and Jordan’s best interviews come from focusing on creativity, business, and life, not just the guest’s celebrity status. Amazon FBA can still produce meaningful income, but the model is increasingly fragile because Amazon can change fees, rankings, or account status at any time. Podcast audiences are unusually loyal; listeners often become part of a recurring routine and can be more engaged than typical digital audiences. Guesting on other podcasts can be an effective growth tactic, but it is hit-or-miss and can feel repetitive if done too often. Improving a home office/Zoom setup is becoming a real status and productivity signal, especially for people broadcasting themselves from home. Bees are a useful metaphor for space and incentives: if given room, they fill it, just as people tend to fill available space with clutter. Carta’s employee-support actions were good, but the layoff memo was criticized as tone-deaf and overly managerial/public-relations-driven. Journalistic framing often creates antagonistic narratives; headlines may be written to maximize clicks rather than reflect the substance of the story.

Data Points: Jordan interview timing with Kobe Bryant: September 2019 - Jordan says he recorded the Kobe Bryant interview around this time, shortly before Bryant’s death. Thrasio valuation: $750 million - The hosts reference Thrasio’s fundraising round and valuation while discussing Amazon aggregation businesses. Thrasio fundraising: close to $100 million - Mentioned as part of the company’s rapid growth in buying FBA businesses. Typical Amazon seller revenue: $3 million to $5 million - A listener described the common revenue range for mid-sized Amazon sellers. Typical Amazon seller income: $500,000 to $1 million per year - The same listener estimated what those sellers often personally net. Typical Amazon seller margin: 10% to 20% per year - Estimate of annual net margins for smaller FBA operators. Amazon affiliate revenue example: $3,000 to $5,000 per month - One host cited his own affiliate income from blogs as an example of platform-based income vulnerability. Amazon affiliate rate change: roughly cut in half - He said Amazon reduced affiliate commissions substantially, shrinking revenue across his sites. Carta layoffs: 167 employees - The hosts discuss Carta’s company-wide layoff announcement. Carta layoffs as share of company: 16% - The CEO’s memo said the cuts represented 16% of the workforce. Layoff support measure: Cobra health insurance through end of year - Praised as an employee-support step during the Carta layoffs. Layoff support measure: Cliff removal and share vesting assistance - The hosts note Carta offered help that did not have to be provided but was included. Podcast reach example: 200 people wanted to attend a New York meetup - One host cited a tweet showing the strength of podcast audience demand and loyalty. Beekeeping startup cost: $300 to $500 - He explains beekeeping as a low-cost hobby to get into. Bees kept: about 10,000 bees - He describes maintaining a hive with roughly this number of bees. Honey output: 5 to 8 gallon milk jugs per year - Approximate yearly honey production from his bees. Comedy subscription idea price: $5 to $7 per month - The suggested price for a mid-tier comedian streaming bundle. Quello subscriber base: 70,000 paying subscribers - Used as evidence that niche subscription media can work. Number of views for Zoom setup video: 1,500 views - The hosts note that a useful video on improving Zoom appearance had relatively few views.

Pivotal Quotes: "I'm just chilling, self-isolating, you know, the use." — Jordan Harbinger: Opening response about life during quarantine/self-isolation. "I want to be in, like, a million people's ear balls every morning." — Sean: Explaining the goal of building a podcast that becomes part of listeners’ daily routine. "If you give them a lot of space, they will fill it with a ton of stuff." — Sean: Beekeeping metaphor used to explain how humans fill available space with possessions.

Implications: For creators and founders, the episode highlights the value of audience trust, the fragility of platform-dependent businesses, and the importance of tone in public messaging. It also suggests opportunities in niche subscriptions, remote-work tools, and highly engaged media communities.

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About My First Million

Sam Parr and Shaan Puri brainstorm new business ideas based on trends & opportunities they see in the market. Sometimes they bring on famous guests to brainstorm with them.

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