Becoming an Entrepreneur | Josh Richards | Pomp Podcast #462

This is an episode of The Pomp Podcast with host Anthony "Pomp" Pompliano and guest, Josh Richards. He is one of the most famous TikTok stars in the world. He has recently started to spend most of his time as an investor and entrepreneur. This conversation unpacks the transition.

In this conversation, we discuss how Josh built his large audience, where his income comes from, why he is interested in building companies, and the types of businesses that he is looking to invest in.

Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

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TIMESTAMPS:

00:00 - Intro
00:19 - Background
02:20 - Making money on music.ly
03:05 - Going from music.ly to tiktok
06:40 - Moving to LA
07:59 - Where the Sway name came from
08:59 - How Josh thinks about his business
11:15 - What happens in the house when people aren't there
12:39 - Who's the best at ping pong?
13:14 - What happens when the Sway Boys go in public?
14:51 - Engaging with fans online
17:03 - Best platform to start building an audience
19:43 - Helping each other with distribution
20:32 - Handling drama in public
22:21 - Josh's opinions about Dave Portnoy
25:12 - Investing in and building companies
28:11 - Josh's income
30:58 - Dumbest thing Josh has done with money
33:01 - How Josh's parents reacted to his income
34:53 - Josh's long-term goals
36:04 - Coolest person Josh has met
38:08 - Josh's favorite book
39:24 - Aliens?
39:46 - Question for Pomp