Episode
#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
1:07:02
Published: Fri Oct 01 2021
Description
In this episode Sam (@theSamParr) and Shaan (@ShaanVP) discuss the latest news on the unfolding Ozy Media story, discuss why Google might not be a dominant tech giant in ten years, and place a bet on whether Shaan can make $10k in a day with a mall Santa scheme. --------- Show notes: * (1:00) How to explain My First Million * (2:53) Why furniture-less design is the new style * (9:46) Shady sh*t of the week: Ozy Media * (19:44) The research power of Newspapers.com * (30:37) Blue-collar side hustle: Mall Santas * (38:46) Sam and Shaan make a $500 bet * (40:40) Royalty-free music and its AI-generated future * (43:04) Why NerdWallet persisted * (53:13) Why big companies shut down products worth $10s of millions * (58:48) Why Google and Facebook employees are soft
Chapters
The speaker discusses how automation can improve sales processes by simplifying tedious tasks, ensuring teams have access to the same information, and better serving customers, ultimately leading to increased revenue.
00:00 - 01:34 (01:34)
Summary
The speaker discusses how automation can improve sales processes by simplifying tedious tasks, ensuring teams have access to the same information, and better serving customers, ultimately leading to increased revenue.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
Join this podcast to brainstorm business ideas and learn about the economics behind both familiar and unfamiliar businesses in a unique floor-sitting setting.
01:34 - 03:46 (02:12)
Summary
Join this podcast to brainstorm business ideas and learn about the economics behind both familiar and unfamiliar businesses in a unique floor-sitting setting.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
A woman sets up a business in her own home by utilizing Nest cameras to monitor the space and offering an outdoor experience for children during the pandemic.
03:46 - 07:08 (03:21)
Summary
A woman sets up a business in her own home by utilizing Nest cameras to monitor the space and offering an outdoor experience for children during the pandemic.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The podcast explores how sitting is affecting our bodies and ergonomics, as well as how one man created an entire room devoted to an ergonomic lifestyle for his kids.
07:08 - 09:50 (02:42)
Summary
The podcast explores how sitting is affecting our bodies and ergonomics, as well as how one man created an entire room devoted to an ergonomic lifestyle for his kids.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
During a pitch to Goldman Sachs, concerns were raised about Aussie's claim of being a next-gen media company due to the use of voice changers and a Gmail account for official business.
09:50 - 12:40 (02:49)
Summary
During a pitch to Goldman Sachs, concerns were raised about Aussie's claim of being a next-gen media company due to the use of voice changers and a Gmail account for official business.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The YouTube-centric talk show has garnered 50 million uniques, a top nod from premier investors including Axel Springer and Mark Lasry, and 20 million monthly email subscribers, making it a unique and rapidly-growing premium talk show.
12:40 - 16:53 (04:13)
Summary
The YouTube-centric talk show has garnered 50 million uniques, a top nod from premier investors including Axel Springer and Mark Lasry, and 20 million monthly email subscribers, making it a unique and rapidly-growing premium talk show.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
Mark Lasry faced backlash for his involvement with a genealogy platform that allowed users to track their ancestry but was also accused of glorifying the Confederate flag and questionable historical figures.
16:53 - 20:47 (03:53)
Summary
Mark Lasry faced backlash for his involvement with a genealogy platform that allowed users to track their ancestry but was also accused of glorifying the Confederate flag and questionable historical figures. Lasry and the platform released a statement acknowledging a lapse in judgment.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
In this podcast, the speaker discusses the difference between analyzing companies through biographies versus understanding them from the inside out through job ads and conversations with employees.
20:47 - 26:28 (05:41)
Summary
In this podcast, the speaker discusses the difference between analyzing companies through biographies versus understanding them from the inside out through job ads and conversations with employees. Through this method, one can get a better understanding of a company's self-perception, customer acquisition, and business structure.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
Don't copy what successful brands do now that they've made it big.
26:28 - 30:40 (04:11)
Summary
Don't copy what successful brands do now that they've made it big. Instead, study their early days to learn how they built their brand and marketed their products when they had zero brand awareness.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The presence of a mall Santa drives incremental revenue and foot traffic into malls during the holiday season.
30:40 - 35:44 (05:03)
Summary
The presence of a mall Santa drives incremental revenue and foot traffic into malls during the holiday season. Families pay around $50 per photo and take a photo every minute, creating lasting memories, but sometimes unhappy children.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The speaker shares tips on how to be successful in street selling, highlighting the importance of finding foot traffic and targeting areas with a high concentration of people.
35:44 - 38:48 (03:04)
Summary
The speaker shares tips on how to be successful in street selling, highlighting the importance of finding foot traffic and targeting areas with a high concentration of people.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The speaker recommends the use of royalty-free music for videos as it makes them 10 times better.
38:48 - 41:47 (02:58)
Summary
The speaker recommends the use of royalty-free music for videos as it makes them 10 times better. He mentions the website Pond Five as the best place to go for stock music.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The hosts discuss the lucrative business of referring credit cards, with companies like The Points Guy making the bulk of their revenue from this practice.
41:47 - 45:40 (03:53)
Summary
The hosts discuss the lucrative business of referring credit cards, with companies like The Points Guy making the bulk of their revenue from this practice. These companies aim to appear at the top of Google searches and stand to make thousands of dollars per referral.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
In a world where clickbait and content farms dominate, creating high-quality content can be a slow and difficult process to gain traffic.
45:40 - 49:08 (03:27)
Summary
In a world where clickbait and content farms dominate, creating high-quality content can be a slow and difficult process to gain traffic. However, persisting in producing content of the highest quality may eventually lead to higher traffic.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
AI-generated stock media libraries will soon dominate the industry, with vast amounts of footage, music, and photos being produced within days by neural nets.
49:08 - 52:57 (03:49)
Summary
AI-generated stock media libraries will soon dominate the industry, with vast amounts of footage, music, and photos being produced within days by neural nets. These libraries will have an economic edge over current stock sites as AI-generated content needn't be shared with content creators.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The speaker discusses the tradeoff between focusing on revenue and prioritizing user growth, citing legal and operational complexities as potential obstacles to revenue growth.
52:57 - 56:58 (04:00)
Summary
The speaker discusses the tradeoff between focusing on revenue and prioritizing user growth, citing legal and operational complexities as potential obstacles to revenue growth. They also mentioned a conversation they had with a company about their advertising revenue.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The speaker reflects on the status of Google and questions whether the company has already peaked, considering their long-standing popularity and success in the tech industry.
56:58 - 1:00:55 (03:57)
Summary
The speaker reflects on the status of Google and questions whether the company has already peaked, considering their long-standing popularity and success in the tech industry.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The speaker reflects on his fascination with conversing with top business leaders, and the impact their insights might have on developing new ideas in business.
1:00:55 - 1:04:11 (03:15)
Summary
The speaker reflects on his fascination with conversing with top business leaders, and the impact their insights might have on developing new ideas in business.
Episode#223 - Sam & Shaan Bet $500, Ozy Media Scam, Why Google is Dying, and More
PodcastMy First Million
The previous strategy of big tech companies acquiring the next best thing to extend their lifespan is coming to an end due to an anti-big tech company backlash.
1:04:11 - 1:06:01 (01:50)
Summary
The previous strategy of big tech companies acquiring the next best thing to extend their lifespan is coming to an end due to an anti-big tech company backlash. As a result, these companies will lose their stranglehold on the market.