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The Milly Awards 2021

From My First Million · Published Jul 5, 2022 · Watch on YouTube

TL;DR

The hosts (Sam, Sean, Andrew) run the second annual "Milly Awards," awarding categories like Billy of the Year, Breakout Company, Best Unsexy Business, Best/Worst Investment, and overrated trends. They share personal stories, including a $10M mistake on an early-stage investment (missing a 458x return), and make predictions for 2022 (e.g.

Key insights

  • One-person businesses can scale: Peter Levels (Nomadlist, Remote OK) grew from ~$400K to ~$5M revenue in a year with no employees.
  • Vitalik Buterin donated $1B of Shiba Inu coin to India and burned another $5B to protect holders, keeping nothing for himself.
  • A 1% loan on real estate can produce tax-free gains: Sam bought an Austin lot with an asset-backed loan at 1%, expecting ~$500K profit.

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