Snapshot · My First Million
Warren Buffett sent Howard Marks a note in 2009 saying he should write a book and promised a blurb — directly causing Marks to write 'The Most Important Thing' years ahead of his planned retirement.
Where this was said
At 37:09 · chapter starts 34:17
Sam Parr asks for Warren Buffett stories, and Marks tells one that has never been made public before. After the Enron scandal, Oaktree became the largest holder of the debt of an off-balance-sheet Enron entity called Osprey; Buffett was the second largest. Buffett gave Oaktree his proxy, Bruce Karsh restructured the position masterfully, and in 2003–2004 Buffett wrote a note saying if you're ever in Omaha, let's have lunch. Marks and Karsh promptly wrote back claiming to be in Omaha that week. The relationship grew from there, and in 2009 Marks sent Buffett a memo mentioning him — Buffett responded to say he already read the memos, and then added: 'you should write a book, and if you do, I'll give you a blurb.' That single note is the reason 'The Most Important Thing' exists. [1] — Howard Marks "After Marks sent Buffett a memo that mentioned him, Buffett replied saying he should write a book and offered to provide a blurb. That sing…" 36:35 Marks had always planned to write a book in retirement; Buffett's note moved the timeline up by decades.
After Marks sent Buffett a memo that mentioned him, Buffett replied saying he should write a book and offered to provide a blurb. That single note moved up Marks' planned book by decades — and 'The Most Important Thing' was the result.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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