Episode
#207 - How to Make Millions by Unbundling Etsy
56:50
Published: Fri Aug 06 2021
Description
In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down a multi-million dollar opportunity to unbundle Etsy ($24B market cap). Shaan also shares how he would approach it if he were doing it himself. The guys also talk about the multi-billion dollar elevator industry, a training program to become an MMA fighter, and whether tax incentives make Canada an attractive place to run a startup. --------- * 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: https://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: * (1:10) Intro * (3:30) The elevator industry * (11:08) Unbundling Etsy * (22:43) A crash course to become an MMA fighter * (28:02) Mental Fitness * (39:01) Moving to Canada + SRED credits * (45:53) Reese Witherspoon's massive exit * (51:45) Delta airlines meet Delta variant
Chapters
This podcast discusses the elevator industry which is mostly controlled by one company, and how their long-term contracts with big businesses, such as Target, make it an interesting investment opportunity with little downside.
00:00 - 08:21 (08:21)
Summary
This podcast discusses the elevator industry which is mostly controlled by one company, and how their long-term contracts with big businesses, such as Target, make it an interesting investment opportunity with little downside.
Episode#207 - How to Make Millions by Unbundling Etsy
PodcastMy First Million
Custom gifts on Etsy provide customers with a unique and thoughtful way to give gifts for special occasions like weddings and parties.
08:21 - 21:39 (13:18)
Summary
Custom gifts on Etsy provide customers with a unique and thoughtful way to give gifts for special occasions like weddings and parties. Despite having less categories and nuances than other marketplaces, Etsy sellers have proven to be successful, with some being invited to buy into their IPOs.
Episode#207 - How to Make Millions by Unbundling Etsy
PodcastMy First Million
The host discusses his desire for a "fat camp version" of military school that would instill discipline and mental fitness, and suggests that a Stoicism boot camp led by Ryan Holiday could be a successful venture.
21:39 - 39:09 (17:29)
Summary
The host discusses his desire for a "fat camp version" of military school that would instill discipline and mental fitness, and suggests that a Stoicism boot camp led by Ryan Holiday could be a successful venture.
Episode#207 - How to Make Millions by Unbundling Etsy
PodcastMy First Million
The guest and host discuss the financial success of Hollywood celebrities like Reese Witherspoon and the volatile nature of investing in content rights for streaming platforms.
39:09 - 52:02 (12:52)
Summary
The guest and host discuss the financial success of Hollywood celebrities like Reese Witherspoon and the volatile nature of investing in content rights for streaming platforms.
Episode#207 - How to Make Millions by Unbundling Etsy
PodcastMy First Million
The speaker jokes about the Delta variant and Delta Airlines, suggesting that Delta Airlines should pay to make the negative association with their name go away.
52:02 - 55:34 (03:32)
Summary
The speaker jokes about the Delta variant and Delta Airlines, suggesting that Delta Airlines should pay to make the negative association with their name go away. They also mention staying in a hotel called the Delta wing and the new Delta Plus strain.