Episode
Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
1:06:54
Published: Tue Jan 31 2023
Description
Episode 413: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with Anand Sanwal (@asanwal), CEO and co-founder of CB Insights, about how Anand built his companies, the importance of data, small business niches that are growing, and much more. Want to see more MFM? Subscribe to the MFM YouTube channel here. ----- Links: * RebelGirls * USNews Best Colleges * McCormick Corporation * Anand's Twitter * CB Insights * How To Manage And Sell A Company In An Industry And A Country You Don’t Know * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (01:15) - Anand's Background (05:00) - "Sawdust Data" businesses (9:00) - Tiny but growing niches (13:30) - Daily executive briefing email (18:30) - Pricing data business (24:30) - Broke & Busted College Rankings (31:30) - McCormick Spice Competitor (41:30) - How To Manage And Sell A Company In An Industry And A Country You Don’t Know (48:30) - Adani Group Collapse & spotting scams ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
When businesses have to choose a vendor for software needs, they have to ensure that the vendor will be in business or be around for at least 10 or 20 years.
00:00 - 02:51 (02:51)
Summary
When businesses have to choose a vendor for software needs, they have to ensure that the vendor will be in business or be around for at least 10 or 20 years. This process of researching for a vendor is time-consuming and arduous, which can be challenging for companies to make informed procurement decisions.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The focus of the podcast is on utilizing AI-driven algorithms to manage data efficiently and profitably in newsletter businesses.
02:51 - 08:40 (05:48)
Summary
The focus of the podcast is on utilizing AI-driven algorithms to manage data efficiently and profitably in newsletter businesses. The discussion explores how entrepreneurs can effectively acquire users and create content that is enthralling and readable every day.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The importance of representation in children's literature and the potential growth of niche markets in the industry are discussed.
08:40 - 12:46 (04:05)
Summary
The importance of representation in children's literature and the potential growth of niche markets in the industry are discussed.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The idea behind this is to extract pricing data for every SAS (Software as a Service) tool and organize the information for specific niche markets like financial services, law or government.
12:46 - 20:52 (08:06)
Summary
The idea behind this is to extract pricing data for every SAS (Software as a Service) tool and organize the information for specific niche markets like financial services, law or government. This could potentially save time and resources for employees who need to stay up to date on changes in regulations and policies.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The podcast discusses how pricing strategy is important for software companies and how they can use data to set prices by comparing it with their peers in the industry.
20:52 - 25:36 (04:44)
Summary
The podcast discusses how pricing strategy is important for software companies and how they can use data to set prices by comparing it with their peers in the industry.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker discusses finding niche opportunities when gathering data instead of trying to cover everything at once, and gives examples of high consideration products like pool pricing and how US News and World Report used data to generate millions in revenue.
25:36 - 29:46 (04:10)
Summary
The speaker discusses finding niche opportunities when gathering data instead of trying to cover everything at once, and gives examples of high consideration products like pool pricing and how US News and World Report used data to generate millions in revenue.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
In a GPT (Generative Pre-trained Transformer) era, private data will become more valuable and be a lucrative business.
29:46 - 35:36 (05:49)
Summary
In a GPT (Generative Pre-trained Transformer) era, private data will become more valuable and be a lucrative business. The speaker suggests that private data will be comparable to commodities and children could go door to door to gather it.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker discusses a past experience where an email conversation devolved into a threat of building a competitor to put them out of business.
35:36 - 39:01 (03:25)
Summary
The speaker discusses a past experience where an email conversation devolved into a threat of building a competitor to put them out of business.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker contemplates different ways to make good money and grow their audience, but ultimately expresses interest in buying and building a successful college for high-achieving students.
39:02 - 43:07 (04:05)
Summary
The speaker contemplates different ways to make good money and grow their audience, but ultimately expresses interest in buying and building a successful college for high-achieving students.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker advises entrepreneurs to be cautious of people who demand industry standards, as this may be a tactic to dodge negotiation and take advantage of them.
43:07 - 49:31 (06:23)
Summary
The speaker advises entrepreneurs to be cautious of people who demand industry standards, as this may be a tactic to dodge negotiation and take advantage of them.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker discusses the importance of journalists in uncovering corrupt business practices and providing transparency to organizations like FTX, Sir Adani or Enron.
49:31 - 54:06 (04:34)
Summary
The speaker discusses the importance of journalists in uncovering corrupt business practices and providing transparency to organizations like FTX, Sir Adani or Enron.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
Although some behaviors in start-up culture were once seen as remarkable and fueled by genius, they are now being recognized as potential red flags.
54:06 - 59:14 (05:07)
Summary
Although some behaviors in start-up culture were once seen as remarkable and fueled by genius, they are now being recognized as potential red flags. These behaviors include inappropriate group dating and reckless decision making fueled by drugs and a wild lifestyle.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
The speaker discusses their interest in companies that analyze grifters through their founder narratives, specifically in the evangelical pastor world, and the potential to learn from these businesses' marketing and audience-building techniques.
59:14 - 1:04:57 (05:43)
Summary
The speaker discusses their interest in companies that analyze grifters through their founder narratives, specifically in the evangelical pastor world, and the potential to learn from these businesses' marketing and audience-building techniques.
EpisodeData-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal
PodcastMy First Million
In this podcast episode, Sam Tripoli shares an embarrassing story about a time he messaged a friend while under the influence of Xanax, which led to him being blamed for some unsolicited messages from young men.
1:04:57 - 1:06:05 (01:07)
Summary
In this podcast episode, Sam Tripoli shares an embarrassing story about a time he messaged a friend while under the influence of Xanax, which led to him being blamed for some unsolicited messages from young men.