Episode
#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
1:08:51
Published: Fri Jun 18 2021
Description
Shaan (@ShaanVP) and Sam (@TheSamParr) break down the greeting card industry. They talk about digital cards and the staying power of card subscriptions, a new way to send gifts over social, and Shaan shares a story about his roots as a business operator. They discuss a subscription business for expecting mothers and Shaan shares an interesting story about the FBI. The end of the episode they talk about a little known Billy of the week. --------- * 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: * (1:23) Recap of episode * (2:54) Making billions with greeting cards * (5:46) Segue: how the podcast changed Shaan's brain * (8:51) Back to greeting cards * (9:56) Making millions for decades at birthdayalarm.com * (15:54) Givingli & Hooked * (18:39) Thoughts on the Pro Republic article * (25:28) The subscription for expecting mothers * (34:20) Outpacing the S&P with the anti-Galloway Index * (37:33) The secret FBI crackdown on criminals * (40:51) The growth of privacy focused apps * (43:20) Recapping the genius of Mike Maples * (48:35) Technology at Chick-fil-a * (54:53) McKinsey for tech consulting * (56:55) Consensys * (59:27) The Gordon Bombay of crypto * (1:04:19) The hypothetical invisible medium that permeates the universe
Chapters
The podcast covers the FBI's takedown of thousands of criminals using a clever app, a childhood actor who became a crypto billionaire, and the surprisingly large industry of greeting cards and e-cards.
00:00 - 02:39 (02:39)
Summary
The podcast covers the FBI's takedown of thousands of criminals using a clever app, a childhood actor who became a crypto billionaire, and the surprisingly large industry of greeting cards and e-cards.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
A man expresses his desire to live to 105 and stay active, modeling himself after healthy 100 and 105 year olds he watches online.
02:39 - 05:00 (02:21)
Summary
A man expresses his desire to live to 105 and stay active, modeling himself after healthy 100 and 105 year olds he watches online.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker discusses how people stereotype and make assumptions based on race, and talks about the potential of augmented reality technology.
05:00 - 08:31 (03:30)
Summary
The speaker discusses how people stereotype and make assumptions based on race, and talks about the potential of augmented reality technology.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
In this episode, the host talks about the origin story of Plaxo, a free online address book that was co-founded by Sean Parker in 2001 with the aim of solving the problem of outdated contact information.
08:31 - 14:01 (05:29)
Summary
In this episode, the host talks about the origin story of Plaxo, a free online address book that was co-founded by Sean Parker in 2001 with the aim of solving the problem of outdated contact information.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The founder of Grammarly talks about his early success with a company that made E-cards and how the power of distribution helped it reach peak revenue of $4-5 million a year.
14:01 - 18:19 (04:17)
Summary
The founder of Grammarly talks about his early success with a company that made E-cards and how the power of distribution helped it reach peak revenue of $4-5 million a year. He also shares an anecdote about Snapchat and the popularity of sending digital cards through the platform.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The podcast discusses how rich individuals are able to avoid paying taxes through various schemes, while lower income individuals are often offered loans with low interest rates that keep them in debt for extended periods.
18:19 - 21:36 (03:17)
Summary
The podcast discusses how rich individuals are able to avoid paying taxes through various schemes, while lower income individuals are often offered loans with low interest rates that keep them in debt for extended periods.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker compares his experience of learning about tax strategies to attending a fancy dinner party, where he is fascinated with the intricacies of texting works and the proper way of using cutlery.
21:36 - 26:42 (05:05)
Summary
The speaker compares his experience of learning about tax strategies to attending a fancy dinner party, where he is fascinated with the intricacies of texting works and the proper way of using cutlery.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
In this podcast episode, the host talks about a friend who made millions of dollars annually from his web hosting company.
26:42 - 31:05 (04:22)
Summary
In this podcast episode, the host talks about a friend who made millions of dollars annually from his web hosting company. The episode also delves into the thoughts behind a startup that helps expectant mothers in picking the right and safe products during pregnancy.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speakers discuss how large conglomerates use marketing tactics to reach their audience, referencing companies like P and E and Kellogg.
31:05 - 34:02 (02:57)
Summary
The speakers discuss how large conglomerates use marketing tactics to reach their audience, referencing companies like P and E and Kellogg. They also briefly mention disagreeing with certain marketing ideas.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker discusses the early days of a company and the criticism surrounding the founder's predictions.
34:02 - 38:08 (04:05)
Summary
The speaker discusses the early days of a company and the criticism surrounding the founder's predictions. They also suggest a potentially profitable investment model.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The hosts discuss the questionable morality behind creating online marketplaces that sell anything, citing examples such as Silk Road and Phantom Secure that were ultimately shut down by authorities for illegal activity.
38:08 - 41:31 (03:22)
Summary
The hosts discuss the questionable morality behind creating online marketplaces that sell anything, citing examples such as Silk Road and Phantom Secure that were ultimately shut down by authorities for illegal activity.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker discusses using frameworks to predict future opportunities and mentions the potential success of private browsing companies in the future.
41:31 - 47:32 (06:00)
Summary
The speaker discusses using frameworks to predict future opportunities and mentions the potential success of private browsing companies in the future.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker compares the public's ability to appreciate R. Kelly's music despite his problematic behavior to the public's views on Chick-fil-A's anti-gay marriage stance.
47:32 - 50:34 (03:01)
Summary
The speaker compares the public's ability to appreciate R. Kelly's music despite his problematic behavior to the public's views on Chick-fil-A's anti-gay marriage stance. He suggests that working towards being like Chick-fil-A and achieving success despite a controversial reputation is a worthy goal.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker reflects on the integration of technology in old-school companies like Chick-fil-A and how it has become part of their services, offering financial audits, and more in addition to tax planning.
50:34 - 58:12 (07:37)
Summary
The speaker reflects on the integration of technology in old-school companies like Chick-fil-A and how it has become part of their services, offering financial audits, and more in addition to tax planning. The speaker expresses surprise at this and discusses the use of smart devices in the store.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The blockchain consulting agency serves as a hybrid incubator and consulting company that specializes in teaching clients how to use blockchain technology, building blockchain projects tailored to their needs, and scouting promising startups to invest in.
58:12 - 1:01:16 (03:04)
Summary
The blockchain consulting agency serves as a hybrid incubator and consulting company that specializes in teaching clients how to use blockchain technology, building blockchain projects tailored to their needs, and scouting promising startups to invest in.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The speaker discusses a controversial millionaire who could be the modern-day McAfee and has a reputation for doing some crazy things in Botswana.
1:01:16 - 1:04:12 (02:55)
Summary
The speaker discusses a controversial millionaire who could be the modern-day McAfee and has a reputation for doing some crazy things in Botswana. The speaker suggests that where there's smoke, there's fire.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The founder of Facebook, Mark Zuckerberg, attempts to promote cryptocurrency in a robotic and awkward manner, unlike reasonable and mission-driven advocates.
1:04:12 - 1:06:56 (02:44)
Summary
The founder of Facebook, Mark Zuckerberg, attempts to promote cryptocurrency in a robotic and awkward manner, unlike reasonable and mission-driven advocates.
Episode#192 - Making Billions with Greeting Cards, How the FBI Took Down Thousands of Criminals, & Rich People (not) Paying Taxes
PodcastMy First Million
The hosts discuss a comedic TikTok channel called Vitalik doing things, which features the unintentionally hilarious actions of Ethereum co-founder Vitalik Buterin.
1:06:56 - 1:07:50 (00:53)
Summary
The hosts discuss a comedic TikTok channel called Vitalik doing things, which features the unintentionally hilarious actions of Ethereum co-founder Vitalik Buterin.