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.---------* Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/* Support the pod by spreading the word, become a referrer here: https://refer.fm/million* Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.* The Everything Bubble: https://blog.ftx.com/blog/the-everything-bubble/---------Show notes:*

Back to school*

A psychedelic story*

The story that lead to a breathwork app*

An event better than SoulCycle*

The ranch retreat for deeper connections*

The 2018 Bitcoin gamble*

The Everything Bubble*

Loot - 10 words of gibberish*

Thoughts on Whoop's recent round & Allbirds S-1*

Why DTC companies are awesome*