54:13The Most Ridiculous Ways People Are Making Money
From My First Million · Published Jul 4, 2025 · Watch on YouTube
TL;DR
The podcast covers a range of "ridiculous" money-making stories: Apple's new Alarm Kit opens a previously blocked app category; a man stole $122M from Facebook and Google by sending fake invoices from a cloned company; Frank Slutman’s speech urges Stanford grads to avoid consulting and actually build something; Les Schwab's autobiography exemplifies "rational warm" leadership; ChatGPT's retention
Key insights
- Apple's Alarm Kit (introduced at WWDC) allows any app to use alarm-clock privileges, opening a category with roughly a billion potential users that had seen no innovation for 15 years.
- A tweeted story claims McKinsey was paid $55M to advise Warner Bros. on rebranding (HBO→HBO Max→Max→HBO Max), then $63M more to recommend separating Warner Bros. and Discovery again; the tweet has 70K
- Frank Slutman’s quote tells elite business-school students that their job offers at Bain/McKinsey are "cold and timid souls who neither know victory nor defeat" – a deeper cut of the "man in the arena
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