Episode
#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
53:56
Published: Tue Mar 03 2020
Description
Sam (@thesamparr) and Shaan (@shaanvp) talk ideas, news, trends and businesses. Sign up for our Run The World conference: https://organizer.runtheworld.today/invitation/313. We've partnered once again with the online business broker Quiet Light Brokerage, they want to give you guys a FREE 25-point checklist to see how sellable your online business is. To receive this free guide, visit quietlightbrokerage.com/myfirstmillion. oin our private FB group if you haven't already: www.facebook.com/groups/ourfirstmillion. It's free to join yet provides so much value through meeting other hyperactive business people and having discussions around the type of stuff discussed in the podcast. Topics for today: Bernie Sanders proposed tax on vested shares (2:17), Biggest regrets in structuring companies (9:08), Internet conferences like Run The World (14:25), Book clubs (19:12), Copy masters and publishing giants like Agora (26:34), Online services for older people (32:13), Which single digit unicorn will become the next $100B behemoth? (37:53), Turnkey bathroom renovations (47:38) and Sam's angel investment in Nicotine Gum is working (49:10)Â See acast.com/privacy for privacy and opt-out information.
Chapters
The speaker discusses a conversation with a friend where they were discussing the potential impact of the presidential race, but the discussion became unclear and unrelated.
00:00 - 03:04 (03:04)
Summary
The speaker discusses a conversation with a friend where they were discussing the potential impact of the presidential race, but the discussion became unclear and unrelated.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker discusses how they started a company without being wealthy and the challenges surrounding taxation on vested shares.
03:04 - 06:32 (03:28)
Summary
The speaker discusses how they started a company without being wealthy and the challenges surrounding taxation on vested shares.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The misconception that all rich people are hoarding money is not true, as it is possible for individuals to have a lot of money in assets but not in cash.
06:32 - 10:03 (03:30)
Summary
The misconception that all rich people are hoarding money is not true, as it is possible for individuals to have a lot of money in assets but not in cash.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker expresses his regret in how equity is distributed in startups, as he believes the traditional way is too founder-centric and disadvantages the rest of the team.
10:03 - 13:01 (02:57)
Summary
The speaker expresses his regret in how equity is distributed in startups, as he believes the traditional way is too founder-centric and disadvantages the rest of the team. He advocates for a better negotiation between what the founder, the investors, and the team receives.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
Option pools are a common compensation technique for startups to attract and retain talented employees.
13:01 - 16:38 (03:37)
Summary
Option pools are a common compensation technique for startups to attract and retain talented employees. The first few employees might receive somewhere between one to three percent.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
Run the World is a platform that allows for virtual conferences and networking opportunities, becoming increasingly relevant as in-person events are cancelled due to COVID-19.
16:39 - 19:50 (03:11)
Summary
Run the World is a platform that allows for virtual conferences and networking opportunities, becoming increasingly relevant as in-person events are cancelled due to COVID-19. This technology could serve as a substitute for in-person events, providing a way for individuals to network and discover new products.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker suggests creating a book club to meet with an expert and read one book a month, which could be a featured episode on the My First Million podcast.
19:50 - 22:15 (02:25)
Summary
The speaker suggests creating a book club to meet with an expert and read one book a month, which could be a featured episode on the My First Million podcast.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
Book of the Month Club has 100,000 active customers and is generating 10 to 15 million dollars a year of recurring revenue.
22:15 - 24:14 (01:58)
Summary
Book of the Month Club has 100,000 active customers and is generating 10 to 15 million dollars a year of recurring revenue. Its success began in the 60s and 70s and was once a large business generating hundreds of millions of dollars.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
Organizing a book club around a celebrity brand such as Reese Witherspoon, Jennifer Aniston, or Gwyneth Paltrow can be advantageous in generating interest and energy among readers.
24:14 - 26:21 (02:07)
Summary
Organizing a book club around a celebrity brand such as Reese Witherspoon, Jennifer Aniston, or Gwyneth Paltrow can be advantageous in generating interest and energy among readers. While individuals may not earn significant money from book clubs, the celebrity factor can help in building a strong community around books.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
A man purchases the rights to the Book of the Month Club and rebrands it for a modern audience, while another entrepreneur creates a subscription service that sends vinyls to conservative customers who fear the government taking their money.
26:21 - 31:02 (04:41)
Summary
A man purchases the rights to the Book of the Month Club and rebrands it for a modern audience, while another entrepreneur creates a subscription service that sends vinyls to conservative customers who fear the government taking their money.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker reflects on a time where Peter Thiel's approach to question asking inspired him to write targeted sales copy and highlights the use of clickbait-style political ads like those found on Breitbart.com.
31:02 - 34:20 (03:18)
Summary
The speaker reflects on a time where Peter Thiel's approach to question asking inspired him to write targeted sales copy and highlights the use of clickbait-style political ads like those found on Breitbart.com.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker reflects on the mainstream advertisement of products like Noom and cars, and on how the prevalence of divorce affects their extended family dynamics.
34:20 - 38:40 (04:19)
Summary
The speaker reflects on the mainstream advertisement of products like Noom and cars, and on how the prevalence of divorce affects their extended family dynamics.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The idea of an online community for paid memberships is gaining popularity, with the potential of running Facebook ads to attract members.
38:40 - 40:44 (02:03)
Summary
The idea of an online community for paid memberships is gaining popularity, with the potential of running Facebook ads to attract members. With the community being positioned as a marketplace, there is potential for success in this model.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
In this podcast episode, the potential for Stripe to become a five hundred billion dollar company is discussed, comparing it to the current valuations of Airbnb and Facebook.
40:45 - 44:24 (03:39)
Summary
In this podcast episode, the potential for Stripe to become a five hundred billion dollar company is discussed, comparing it to the current valuations of Airbnb and Facebook.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The success of a startup is difficult to predict, and experts have varying opinions on the matter, with some believing it will either be massive or go bankrupt.
44:24 - 47:50 (03:26)
Summary
The success of a startup is difficult to predict, and experts have varying opinions on the matter, with some believing it will either be massive or go bankrupt. However, with the potential for significant returns, investing in secondary stock may be worthwhile.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker analyzes different companies' market values and investment returns, highlighting the potential for success in investing in self-driving car companies and big tech companies like Facebook, Amazon, Apple, and Google.
47:50 - 51:03 (03:12)
Summary
The speaker analyzes different companies' market values and investment returns, highlighting the potential for success in investing in self-driving car companies and big tech companies like Facebook, Amazon, Apple, and Google.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker discusses the importance of user retention and shares his insights on how to improve it, comparing it to the challenge of replacing the popular e-cigarette, Jewel.
51:03 - 53:18 (02:15)
Summary
The speaker discusses the importance of user retention and shares his insights on how to improve it, comparing it to the challenge of replacing the popular e-cigarette, Jewel.
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker expresses excitement and pride about investing in a valuable asset that has provided a 5 or 6 X return, and encourages listeners to share the information with their friends.
53:18 - 53:55 (00:36)
Summary
The speaker expresses excitement and pride about investing in a valuable asset that has provided a 5 or 6 X return, and encourages listeners to share the information with their friends.