Episode
#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
59:59
Published: Fri Oct 30 2020
Description
Shaan Puri (@ShaanVP) hosts the pod solo with special guest Elaine Zelby (@ezelby). Elaine has a background in mechanical engineering but also worked at Slack and is now part of a VC group. On today’s episode you’ll hear: Elaine gives her background and how she came into the VC space (1:45), Elaine breaks down a new twist on cowering. Something she calls “Coworking 2.0” (3:35), Shaan pitches a new way to use nightclubs during their ofttimes (9:20), Elaine has a fresh take on credit cards for fans (12:20), Elaine explains why she is bullish on continuous cortisol monitoring (20:35), Elaine and Shaan brainstorm a fun take on “stock betting” (26:20), Elaine and Shaan go really deep on functional milks (32:50), How to automate re-zoning and permitting for real estate (40:14), Shaan breaks down a recent pitch he received of app-dating with only audio (47:40). Thank you to our partners this episode: Podium! Podium is an all-in-one SaaS tool that helps your business get reviews. Go to podium.com/mfm for 20% off and a $150 Amazon gift card. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.
Chapters
Sean and Sam are joined by Elaine Zellby in this podcast episode.
00:00 - 01:14 (01:14)
Summary
Sean and Sam are joined by Elaine Zellby in this podcast episode. No specific topic is discussed in this introduction.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The podcast hosts discuss the awkwardness of pronouncing someone's name incorrectly, and why it's important to correct people.
01:14 - 04:29 (03:15)
Summary
The podcast hosts discuss the awkwardness of pronouncing someone's name incorrectly, and why it's important to correct people. They also touch on meeting new people through idea-sharing.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
A concept for a network of tiny private offices in people's backyards is proposed, allowing for a rental system where people can search for a nearby office space to work out of.
04:29 - 09:41 (05:11)
Summary
A concept for a network of tiny private offices in people's backyards is proposed, allowing for a rental system where people can search for a nearby office space to work out of. By retrofitting these small spaces, companies can leverage them to pay per head and have more control over their workspaces.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
A failed attempt at turning a nightclub into a fitness studio involved offering classes with light equipment for low payments during off-hours.
09:41 - 12:58 (03:17)
Summary
A failed attempt at turning a nightclub into a fitness studio involved offering classes with light equipment for low payments during off-hours. This idea was used to make use of the space at times when the nightclub owner was making nothing, transforming the space into breakfast studios during non-peak hours.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The founders of Rally discuss their vision for a future where creators can offer their own customized credit cards that rewards users through personalized experiences and merchandise.
12:58 - 21:26 (08:28)
Summary
The founders of Rally discuss their vision for a future where creators can offer their own customized credit cards that rewards users through personalized experiences and merchandise.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The speaker discusses the potential uses of a continuous glucose monitor to manage stress and anxiety levels in younger people.
21:26 - 24:21 (02:54)
Summary
The speaker discusses the potential uses of a continuous glucose monitor to manage stress and anxiety levels in younger people. She discusses the similarity in process to sweat patches, which use an enzyme to bind to cortisol.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
Rapid-fire ideas for increasing engagement through contests and embracing stress as a positive force
The speaker discusses potential ideas for boosting engagement through contests and betting, while also briefly touching on the idea of embracing stress as a potential positive force.
24:21 - 28:29 (04:08)
Summary
The speaker discusses potential ideas for boosting engagement through contests and betting, while also briefly touching on the idea of embracing stress as a potential positive force.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The democratization of asset management can be achieved through social media platforms like Public.
28:29 - 32:43 (04:14)
Summary
The democratization of asset management can be achieved through social media platforms like Public. This can be achieved by empowering individuals who are good at publicly trading stocks to leverage on their expertise to help others become influencers and build status in the platform.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The speaker shares their love for making homemade bath bombs with ingredients like almond flour and dry milk powder, highlighting the use of ginger for its potential health benefits.
32:43 - 36:17 (03:33)
Summary
The speaker shares their love for making homemade bath bombs with ingredients like almond flour and dry milk powder, highlighting the use of ginger for its potential health benefits. They also touch on the trend of boba coffee and tea with milk.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
A new food trend involving hand-dropped spheres created with a spherification kit is going viral on social media, despite the difficult process required to create them.
36:17 - 38:50 (02:33)
Summary
A new food trend involving hand-dropped spheres created with a spherification kit is going viral on social media, despite the difficult process required to create them. The trend is popular among foodies who enjoy making tea, coffee, or similar drinks together.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The speaker discusses a new product that simplifies the process of getting construction permits, an otherwise archaic process, which can help a consumer eliminate paperwork and additional stress while the city doesn't have to worry about making the process simpler for consumers.
38:50 - 42:02 (03:11)
Summary
The speaker discusses a new product that simplifies the process of getting construction permits, an otherwise archaic process, which can help a consumer eliminate paperwork and additional stress while the city doesn't have to worry about making the process simpler for consumers.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The podcast speaker discusses the benefits of mobile and digital services in replacing in-person processes known for being low NPS experiences.
42:02 - 46:31 (04:28)
Summary
The podcast speaker discusses the benefits of mobile and digital services in replacing in-person processes known for being low NPS experiences. They also elaborate on the use of layered abstractions to eliminate pain points in a process.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
A new online dating service called Wingman allows you to have a friend join you on your date virtually in real-time to make the process smoother and safer.
46:31 - 51:26 (04:54)
Summary
A new online dating service called Wingman allows you to have a friend join you on your date virtually in real-time to make the process smoother and safer. The service is designed to ensure a safe and enjoyable experience for women using the service.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The speaker expresses their dislike for politics and social justice and how they find it nauseating to be a part of conversations with smart people trying to show off.
51:26 - 55:23 (03:56)
Summary
The speaker expresses their dislike for politics and social justice and how they find it nauseating to be a part of conversations with smart people trying to show off. They also mention their upcoming connections and friendships that have been gained without monetary investment.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The podcast host describes the guest VC as more of a high energy tinkerer who likes to play with ideas like DIY drink making products such as homemade chocolate milk and apple juice.
55:23 - 58:36 (03:13)
Summary
The podcast host describes the guest VC as more of a high energy tinkerer who likes to play with ideas like DIY drink making products such as homemade chocolate milk and apple juice. They also discuss a product called "The Bomb" which is essentially adding milk and sugar to your tea or coffee.
Episode#124 - From Fantasy Stock Betting to Milk Bombs: Generating Ideas with Elaine Zelby
PodcastMy First Million
The entrepreneur behind Gravity Blanket and Moon Pod, has launched a new business venture which creates custom spice blends containing functional spices.
58:36 - 59:51 (01:14)
Summary
The entrepreneur behind Gravity Blanket and Moon Pod, has launched a new business venture which creates custom spice blends containing functional spices. The founder is also currently seeking a co-packer for a new functional milk product.