Episode
3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
1:09:49
Published: Thu Oct 07 2021
Description
Jack Abraham (@jackabraham), Founder, Managing Partner & CEO at Atomic, sits down with MFM hosts Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) to talk frameworks for great business ideas, how one hour can have more impact than everything else you’ve done in your career, the Jenga law of time management, and much more. --------- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel * Want to found a company with Jack? Check out Atomic VC Future Founders * Want more insights like MFM? Check out Shaan's newsletter --------- Show Notes: * (1:06) How Shaan originally met Jack * (3:20) The secret to startup studio success * (5:22) Why Jack has banned brainstorming sessions * (23:30) Top lessons learned from the greatest VCs in Silicon Valley * (28:22) The Jenga Law of time management * (33:30) Crazy ideas Jack decided not to pursue * (41:32) Patterns behind great business ideas * (53:56) The value of focusing on one thing vs having your hands in a lot of things * (59:40) Jack’s views on the future of crypto
Chapters
This podcast highlights a software tool that helps in automating tasks, tracking contacts and deals, and sharing data across teams to improve productivity, enhance customer service and achieve goals.
00:00 - 01:57 (01:57)
Summary
This podcast highlights a software tool that helps in automating tasks, tracking contacts and deals, and sharing data across teams to improve productivity, enhance customer service and achieve goals.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The speaker recounts a meeting with Jack, who was considering launching his own personal incubator startup studio, and did some research beforehand.
01:57 - 07:19 (05:21)
Summary
The speaker recounts a meeting with Jack, who was considering launching his own personal incubator startup studio, and did some research beforehand.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Hear a founder's experience of taking his startup from an idea in his parents' sitting room to getting acquired by Twitch and watching it grow into a 2000 person company.
07:19 - 11:57 (04:37)
Summary
Hear a founder's experience of taking his startup from an idea in his parents' sitting room to getting acquired by Twitch and watching it grow into a 2000 person company.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Summary
The speaker is a former entrepreneur.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The hosts discuss lessons learned from running a startup studio, including focusing on B2B initially and not getting caught up in having too many ideas at once.
15:59 - 21:13 (05:13)
Summary
The hosts discuss lessons learned from running a startup studio, including focusing on B2B initially and not getting caught up in having too many ideas at once.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Venture capitalists Mark Andreessen and Peter Thiel have taught the importance of time management and prioritization.
21:13 - 29:30 (08:16)
Summary
Venture capitalists Mark Andreessen and Peter Thiel have taught the importance of time management and prioritization. By analyzing their prior week's schedule and determining which tasks truly matter, individuals can make better decisions moving forward.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
This podcast is an ad for the Side Hustle Pro Podcast hosted by Nikayla Matthews Okome, which focuses on changing the relationship with money, mastering self-talk, and developing a plan for the year.
29:30 - 32:37 (03:07)
Summary
This podcast is an ad for the Side Hustle Pro Podcast hosted by Nikayla Matthews Okome, which focuses on changing the relationship with money, mastering self-talk, and developing a plan for the year.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The founders of a startup struggled to find success in their attempt to provide allergy treatment via telemedicine, as supply chain issues and resistance from traditional revenue streams posed significant barriers.
32:37 - 37:11 (04:33)
Summary
The founders of a startup struggled to find success in their attempt to provide allergy treatment via telemedicine, as supply chain issues and resistance from traditional revenue streams posed significant barriers. Ultimately, they decided to shift their focus to other problems.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The company tried various monthly price points ranging from $79 to $250, but did not see success with customer adoption.
37:11 - 45:54 (08:42)
Summary
The company tried various monthly price points ranging from $79 to $250, but did not see success with customer adoption. They also discussed technology used for underwater fishing and the benefits of long-term payments for recurring revenue.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Simplifying tasks that are long, arduous and feels like something people have to do can be a beneficial idea.
45:54 - 49:14 (03:20)
Summary
Simplifying tasks that are long, arduous and feels like something people have to do can be a beneficial idea. However, people who are familiar with those tasks are conservative, and selling to them can be challenging.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The guest speaker discusses the potential for creating wealth by starting multiple companies versus just focusing on one major project.
49:14 - 55:32 (06:18)
Summary
The guest speaker discusses the potential for creating wealth by starting multiple companies versus just focusing on one major project. They also touch on the importance of collaborating with different people and the value of open source.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Building a company that builds companies may not be as valuable as going all in on one idea, at least in the short term, even though it may be easier to copy other people's ideas.
55:32 - 59:11 (03:38)
Summary
Building a company that builds companies may not be as valuable as going all in on one idea, at least in the short term, even though it may be easier to copy other people's ideas. However, in the long term, its value is uncertain.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The podcast discusses the various ways to make cryptocurrency productive in a decentralized way within the crypto ecosystem, especially from a macroeconomic perspective, taking into consideration the world's future.
59:11 - 1:04:31 (05:20)
Summary
The podcast discusses the various ways to make cryptocurrency productive in a decentralized way within the crypto ecosystem, especially from a macroeconomic perspective, taking into consideration the world's future.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
The speaker is interested in using crypto to build decentralized networks similar to Web2, and believes that early networks with network effects can be incredibly valuable in the future.
1:04:31 - 1:07:42 (03:10)
Summary
The speaker is interested in using crypto to build decentralized networks similar to Web2, and believes that early networks with network effects can be incredibly valuable in the future.
Episode3 Patterns for Great Business Ideas with Jack Abraham, Founder, Managing Partner & CEO at Atomic
PodcastMy First Million
Jack Abraham of venture capital firm Atomic discusses opportunities for networking and co-founding companies through their Future Founders Program, which is open to diverse applicants from anywhere.
1:07:42 - 1:08:46 (01:04)
Summary
Jack Abraham of venture capital firm Atomic discusses opportunities for networking and co-founding companies through their Future Founders Program, which is open to diverse applicants from anywhere.