We have on Gelena (@gelenasays) & Keith Wasserman (@Keith_Wasserman), a husband and wife Real Estate duo who borrowed $5k during the end of the 2008 recession and have turned it into a $1.3 billion dollar portfolio.
Shaan Puri: All right, I’m recording this. I just finished my conversation with Michael Birch. For those of you who don’t know, Michael is a internet entrepreneur. He built a social network back in the day; he competed head to head against Facebook. And Although Facebook won the war, Michael didn’t end up too bad. That company, Bebo, if you’ve ever heard that before, sold for $850,000,000 to AOL. And when I met Michael, we got back together and we bought it back for $1,000,000 years later, and then we actually sold that again just now to Amazon.
Shaan Puri: Jack, man I appreciate you coming on the show. I’ve been excited to have you on because every time I meet you, you are up to some new companies, some new experiment, some new kind of clever thing. I would call you sort of, you’re the most clever guy I know in Silicon Valley.
Shaan Puri: Okay, so what is this? So something that entertains me. And so I wanted to create a podcast which was first and foremost, just an excuse to hang out with people who I haven’t been able to hang out with as much. So, now one way is to say, “Hey, let’s go grab a coffee.” And the other way is to say, “What if we recorded this so that other people could be a fly on the wall and hear stories or chatter about random stuff.” And I’m not trying to do it educationally. So for me it’s stories.
Sam Parr: A big CEO of a huge media company that you know of told me this business will never make more than $2 million dollars a year. And it wasn’t until like six months ago where I was like, “Man, there’s like a path to make literally $100 million a year in revenue.”
Shaan Puri: At this point it’s a money printer.