Shaan (@ShaanVP) and Sam (@TheSamParr) are joined by Elaine Zelby (@ezelby) for this brainstorm. Elaine brings the heat with ideas for starting a Saas bundle company (Sam says this is easily a $10m business), creating the "adult manual", the SNOO for adults, subscription running shoes, and a bunch of alternative health business ideas. Not only do they bring ideas, but they also break down how to pull off these businesses. --------- * 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: 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. --------- Show notes: * (1:35) Introducing Elaine Zelby and Signal Fire * (8:31) Shaan's first unicorn! * (14:15) How Signal Fire finds deals * (25:35) Investing in an Elon Musk idea * (33:12) Startup SaaS bundle is a $10m idea * (41:10) Creating the "adult manual"? * (49:55) The SNOO for adult * (53:25) Subscription running shoes * (56:45) Brainstorming alternative health ideas
HubSpot CRM provides all the necessary tools to grow your business with the benefit of automating tedious tasks, tracking contact information, and ensuring your team has access to the same data. It's easy to use and completely free.
Signalfire offers an investment data machine that detects profitable investments and runs a podcast about underrated businesses. The podcast is called "My First Million" and can be found on any podcast app.
The rise of social media investing apps like Public and Dojo, where users rely on trust metrics and popular indices to invest in funds, are becoming popular alternatives to traditional investing methods.
The speaker shares his experience investing in a startup that is building an infrastructure to handle hiring, payroll and compliance for remote workers. He also mentions a need for a better solution similar to Plaid that can handle the nitty-gritty details for startups hiring remotely.
The founder of a website explains the importance of using easy-to-use design practices, such as good colors and clear copy, to create a user-friendly website that requires only two clicks to navigate.
The speaker compares apps like App Annie to Second Measure, which provides aggregated credit card spending data for a more in-depth analysis of app growth and talent scores for hiring patterns.
The founder of Social Capital, Chamath Palihapitiya, utilizes his data-driven approach to investment by comparing and contrasting various companies using their data, which some founders may find useful while others may find it invasive.
The importance of strategy, teamwork, and communication in winning a simulation game teaches students the skills they need for success. Traditional school systems lack these valuable life skills in their teachings.
The importance of partnering with people outside of the STEM industry, particularly kids, to create age-appropriate games for STEM learning.
The speaker discusses the challenges of scaling a startup and the percentage of functionality needed to be successful. An advertisement for the Side Hustle Pro podcast is included.
By capturing early stage companies and offering them a simple product with the necessary features, businesses can create a customer base that will grow with them, rather than targeting later stage companies that need more complex enterprise functionality.
In this podcast, the speaker highlights that catching startups even before inception is a difficult task, but as they grow and advance from seed investment to series A to series B to series C, they often need productivity tools and financial platforms.
Creating a quiz to determine a user's level of adulthood might be the perfect way to engage with users while prompting them to interact with the site. This interactive quiz can potentially start conversations with the user and promote the idea of signing up for services such as life insurance.
The first button of an app is usually clicked out of curiosity while 98% of users who get to step three will go all the way to the end. Users who answer more questions in an app believe the end result will provide high value.
The rise in expensive at-home equipment such as Peloton, Mirror, and Tonal has increased, with people spending thousands of dollars to improve one small aspect of their life, while a sleep pod that could improve people's sleep by 20% would be a preferable option.
Learn about some common indicators that tell you when a product has been used for too long, such as blue streaks in baby diapers and color-changing soles on shoes. A toothbrush can typically last for 400 uses or a certain number of months before it needs to be replaced.
The speaker shares a personal experience of undergoing cryotherapy and mentions about running in San Francisco's Mission area early in the morning.
The idea of a gym membership for wellness equipment like cryotherapy could be the next business opportunity. It's no different than going to a gym and using equipment that you wouldn't have at home.
This podcast snippet discusses body scanning for weight loss programs and the incentives offered to those who refer new customers. The speaker also mentions the approach of some companies to promote their program by highlighting people's weight in front of company buildings, and queries if the price has gone up recently.
The weight counting revolve technology involves creating a dot matrix of your body to track your movements and count the weights lifted. The actual design may not be as slick as Peloton or Mirror but it's functional.
A discussion of the cost of personalized wellness services, including the experiences of one person who was offered a free year of service in exchange for their personal information.
The speaker promotes her business idea podcast and unsexy business podcast. The idea podcast shares three thoughtfully researched and fun business ideas every Sunday, while the unsexy business podcast talks to founders in niche businesses like chemical marketplaces or lab meat growers.