Chapter
Creating A Modern Museum with Photo-Based Tours
06:57 - 14:37 (07:40)
The hosts discuss the idea of creating a modern museum with a heavy focus on photo-based tours like the Museum of Ice Cream, where visitors can snap pictures of themselves in exhibits such as standing in a giant pair of Air Jordan sneakers or laying in Michael Jordan's bed. The project has raised over $100 million in valuation.
Clips
Memphis earns $51 million in total income from tourism, including $10 million from contributions.
06:57 - 08:19 (01:22)
Summary
Memphis earns $51 million in total income from tourism, including $10 million from contributions. Meanwhile, Chicago ranks as the third or fifth most populous city in the US, making it a popular tourist destination.
ChapterCreating A Modern Museum with Photo-Based Tours
EpisodeGreatest Hits of 2021 (Vol. 1)
PodcastMy First Million
The trend of photo-based museums is rising, with exhibits featuring items and experiences that are highly shareable and photogenic.
08:19 - 10:39 (02:19)
Summary
The trend of photo-based museums is rising, with exhibits featuring items and experiences that are highly shareable and photogenic. Examples include the Michael Jordan-themed exhibit and the Museum of Ice Cream, with Graceland serving as a long-time successful photo museum from the past.
ChapterCreating A Modern Museum with Photo-Based Tours
EpisodeGreatest Hits of 2021 (Vol. 1)
PodcastMy First Million
A museum in New York City lets visitors take pictures with exhibits with the purpose of posting them on Instagram.
10:39 - 12:08 (01:28)
Summary
A museum in New York City lets visitors take pictures with exhibits with the purpose of posting them on Instagram. Last year, the museum raised $40 million in a Series A round at a $200 million valuation.
ChapterCreating A Modern Museum with Photo-Based Tours
EpisodeGreatest Hits of 2021 (Vol. 1)
PodcastMy First Million
The National Trust for Historic Preservation is a nonprofit that buys historic buildings and has been generating revenue of around $50 to $60 million for years.
12:08 - 13:21 (01:13)
Summary
The National Trust for Historic Preservation is a nonprofit that buys historic buildings and has been generating revenue of around $50 to $60 million for years. This suggests that investing in historical buildings for profit could be a viable business model.
ChapterCreating A Modern Museum with Photo-Based Tours
EpisodeGreatest Hits of 2021 (Vol. 1)
PodcastMy First Million
A retired NYPD officer has created a successful business offering guided mafia and crime tours in New York City.
13:21 - 14:37 (01:15)
Summary
A retired NYPD officer has created a successful business offering guided mafia and crime tours in New York City. The tours provide firsthand accounts of notorious gangland locations and offer local cuisine experiences while walking from East Village to Little Italy.