Why Direct-to-Consumer Companies Are Awesome to Own | My First Million #217

In this episode Shaan (@ShaanVP) and Sam (@theSamParr) debate the merits of owning and operating a direct-to-consumer e-commerce business. Shaan breaks down some of the basic ins-and-outs you should look for with ad spends and purchase multipliers. They also discuss the state of economy and whether or not we are in a bubble (or rather, many bubbles), a new NFT project called Loot, the recent raises of Whoop and Allbirds, and Sam's friends Bitcoin gamble.
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* The Everything Bubble: https://blog.ftx.com/blog/the-everything-bubble/
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Show notes:
* (0:00) Back to school
* (1:14) A psychedelic story
* (8:55) The story that lead to a breathwork app
* (16:12) An event better than SoulCycle
* (18:04) The ranch retreat for deeper connections
* (25:04) The 2018 Bitcoin gamble
* (29:30) The Everything Bubble
* (37:59) Loot - 10 words of gibberish
* (40:04) Thoughts on Whoop's recent round & Allbirds S-1
* (45:22) Why DTC companies are awesome
* (53:55) Shaan's award show