Episode
#205 - How to Stop Your Tech Addiction
54:10
Published: Fri Jul 30 2021
Description
In this episode Sam (@theSamParr) and Shaan (@ShaanVP) revisit the NCAA rule changes about college athletes making money and Shaan shares his prediction about who the next big sports agent will be. They also talk about buying lotto tickets via an app, the mugshot industry, & how to fight tech and porn addiction. They end the episode with Shaan sharing a Chrome extension idea. --------- * 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: * (:53) Intro * (2:24) Buying lottery tickets online * (8:46) Making money around NIL - name, image, likeness * (14:21) The college sports agent * (18:59) The origin story of Scooter Braun * (23:01) Shaan's one regret from college * (24:37) The AngelList scout program * (28:43) The mugshot posting & removal industry * (35:29) An app to fight tech & porn addiction * (39:02) Story sidebar - Earl Nightingale & who's serving who * (42:12) Back to fighting tech addiction * (46:32) An idea for a Chrome extension
Chapters
The hosts discuss the potential for college athletes to make $50-100 million by selling their name, image and likeness through local deals.
00:00 - 02:23 (02:23)
Summary
The hosts discuss the potential for college athletes to make $50-100 million by selling their name, image and likeness through local deals. They also mention their interest in online lottery ticket sales as a potential big business.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
Learn how TaskRabbit can help you buy lottery tickets in person, bypassing the online lottery rules.
02:23 - 06:22 (03:58)
Summary
Learn how TaskRabbit can help you buy lottery tickets in person, bypassing the online lottery rules.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The economics of ticket reselling apps raises ethical concerns that are similar to traditional offline practices, such as splitting tickets and profits with friends.
06:22 - 08:19 (01:56)
Summary
The economics of ticket reselling apps raises ethical concerns that are similar to traditional offline practices, such as splitting tickets and profits with friends. However, some find issue with the ethics of these actions.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The idea of building an independent task force to monitor athlete deals and potential violations and then selling this service back to schools was discussed.
08:19 - 13:29 (05:10)
Summary
The idea of building an independent task force to monitor athlete deals and potential violations and then selling this service back to schools was discussed. Compliance software will also be necessary to manage these relationships and deals.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The sports agent industry involves wining and dining as well as bribery in order to sign clients.
13:29 - 18:09 (04:40)
Summary
The sports agent industry involves wining and dining as well as bribery in order to sign clients. A lot of the money paid to agents is used for profit and operations.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
A potential business opportunity for college students could involve selling name and image rights to local players, with the potential of earning millions of dollars by the time they graduate.
18:09 - 20:47 (02:38)
Summary
A potential business opportunity for college students could involve selling name and image rights to local players, with the potential of earning millions of dollars by the time they graduate. This could be a lucrative venture for upcoming businessmen looking for success in the sports industry.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
Scooter Braun shares how he discovered Asher Roth and found success in the music industry by building his own label, before ultimately selling his share for over $1 billion.
20:48 - 23:14 (02:26)
Summary
Scooter Braun shares how he discovered Asher Roth and found success in the music industry by building his own label, before ultimately selling his share for over $1 billion.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
Creating a Scout program has been made easy by AngelList, making it simple for anyone to be a scout for a startup.
23:14 - 29:14 (05:59)
Summary
Creating a Scout program has been made easy by AngelList, making it simple for anyone to be a scout for a startup. The scout would bring a great deal to the investor, leading to an easy deal closure.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The hosts discuss different reactions to corporate scandals, including whether people see perpetrators as "scumbags" or "awesome."
29:14 - 34:12 (04:58)
Summary
The hosts discuss different reactions to corporate scandals, including whether people see perpetrators as "scumbags" or "awesome."
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The speaker ponders on the morality behind scheming, referencing a man named Matt who sent a letter as an example of basic scheming that has already been done before.
34:12 - 39:40 (05:27)
Summary
The speaker ponders on the morality behind scheming, referencing a man named Matt who sent a letter as an example of basic scheming that has already been done before.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The hosts talk about missed deadlines and one of them shares a phrase they picked up from their conversation about a tax account.
39:40 - 43:04 (03:24)
Summary
The hosts talk about missed deadlines and one of them shares a phrase they picked up from their conversation about a tax account.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
Discussing the rising demand for Chrome extensions such as "events of the day go my way" which help individuals combat loneliness from the digital age.
43:04 - 47:46 (04:42)
Summary
Discussing the rising demand for Chrome extensions such as "events of the day go my way" which help individuals combat loneliness from the digital age.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The Piggy Bank plugin allows users to earn a small amount of money by viewing ads or engaging in desired online behaviors like subscribing to a website for a low amount, leading online publishers to pay to have their content hidden behind paywalls, leading to a promise of more ad clicks and views.
47:47 - 53:09 (05:22)
Summary
The Piggy Bank plugin allows users to earn a small amount of money by viewing ads or engaging in desired online behaviors like subscribing to a website for a low amount, leading online publishers to pay to have their content hidden behind paywalls, leading to a promise of more ad clicks and views.
Episode#205 - How to Stop Your Tech Addiction
PodcastMy First Million
The Brave browser has over 10 million users and offers payment for browsing certain websites.
53:09 - 55:04 (01:55)
Summary
The Brave browser has over 10 million users and offers payment for browsing certain websites. It has the potential to offer payment for foot traffic and allow businesses to see the value of their foot traffic.