The 2023 Milly Awards (#531)

About this video

Sam Parr, Shaan Puri, and Andrew Wilkinson host the third annual Millie Awards, their year-end awards show for business and entrepreneurship. Part one covers categories including favorite MFM guest (Kevin Ryan, Sarah Moore, and Connor Price), Billy of the Year (Charlie Munger, Palmer Luckey, and Jesse Itzler), biggest personal changes for 2024, the person each would bet their net worth on, and best business ideas for someone else to pursue.

Key takeaways

• Kevin Ryan stood out as a guest for transparently explaining advanced tax optimization strategies (QSBs, trusts, gifting stock) that most wealthy entrepreneurs keep private, demonstrating both genuine success and willingness to educate others.
• Shaan identifies a major shift in marketing from interruption-based ads to entertainment-first content with products embedded in the story (as exemplified by Connor Price and MrBeast), which he’s now applying to his own business strategy.
• The hosts are each making significant lifestyle changes in 2024: Sam is switching to a dumb phone to reduce addiction and model healthier behavior for his children; Andrew is breaking up with email entirely using a screenshot-based assistant system; Shaan is shutting down revenue streams that are ‘good not great’ to make space for better opportunities.
• Shaan values focus and seriousness as underrated traits in founders—steady execution beats talent alone—and would bet his net worth on Sam Parr specifically for this reason, not just ability.
• TikTok Shop represents a current golden window opportunity similar to early Facebook ads or Bitcoin in 2011, with subsidized products, low saturation, and high conversion rates making it ideal for young entrepreneurs to capture market share.

Episode details: published December 18, 2023 · 31K views · 49:58 long. Summary written by Self Growth Videos from the episode itself. The business ideas, figures and results discussed are the hosts’ and guests’ own claims, shared as brainstorming and entertainment — not verified facts and not investment advice.

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