Episode
Steph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
1:09:19
Published: Thu Oct 13 2022
Description
Episode 374: In this episode Shaan Puri (@ShaanVP) joins Steph Smith (@stephsmithio), host of the a16z podcast, to talk about anti-cheat businesses, ethical hacking, and inflections that create companies. ----- Links: * Steph Smith * a16z podcast * Sh*t You Don't Learn In School podcast * r/contagiouslaughter * Fake data to catch cheaters tweet * Wiz * Interactive resume Robby Leonardi * Bruno Simon * Neal.Fun * Electric Chopsticks tweet * air up * Meet the People Who Design Restaurant Menus * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (01:50) - Podcasting (09:15) - Cheating Scandal (28:20) - Ethical hacking (31:00) - Internet portfolio (42:25) - Salty bowls and smelly water (44:50) - Idea: A/B Testing Menus (51:15) - Inflections that create businesses (01:03:40) - Breakup Businesses ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
The reason for the success of a popular podcast may not simply be the result of brilliant computer engineering, but rather the contagious laughter and jokes that make the listener feel they're in the room with the hosts.
00:00 - 02:09 (02:09)
Summary
The reason for the success of a popular podcast may not simply be the result of brilliant computer engineering, but rather the contagious laughter and jokes that make the listener feel they're in the room with the hosts.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
Sam Harris and Lex Friedman joke about their intrusive thoughts and how they can lead to irrational fears.
02:09 - 07:57 (05:48)
Summary
Sam Harris and Lex Friedman joke about their intrusive thoughts and how they can lead to irrational fears. They both share humorous scenarios of potential dangers that pop up in their minds during day-to-day life.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The existence of controversy provides an intriguing entry point for people to explore different topics, as it piques their interest and makes them curious about the evidence and factors that led to the scandal or conflict.
07:57 - 11:08 (03:10)
Summary
The existence of controversy provides an intriguing entry point for people to explore different topics, as it piques their interest and makes them curious about the evidence and factors that led to the scandal or conflict.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
A discussion on the rise of one grand master chess player through optimal moves, and comparisons to the moves made by the greatest players of all time.
11:08 - 15:31 (04:23)
Summary
A discussion on the rise of one grand master chess player through optimal moves, and comparisons to the moves made by the greatest players of all time.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
Hand-eye coordination is critical in shooting games, while anti-cheat software is necessary to prevent unfair advantages like automatic aiming.
15:31 - 20:10 (04:38)
Summary
Hand-eye coordination is critical in shooting games, while anti-cheat software is necessary to prevent unfair advantages like automatic aiming. Some companies hire entire teams to develop and enforce anti-cheat measures.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The podcast discusses how human engineering is used to trick people into giving up information which can lead to their devices being hacked, with SIM swapping being one of the most popular methods.
20:10 - 25:03 (04:53)
Summary
The podcast discusses how human engineering is used to trick people into giving up information which can lead to their devices being hacked, with SIM swapping being one of the most popular methods. The financial incentive for such attacks is huge, with a potential half a trillion dollars at stake.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
A talented artist, creative, and web developer created a 3D resume game that showcases his skills in design and illustration as well as provides a unique experience for potential employers to learn more about him.
25:03 - 32:22 (07:19)
Summary
A talented artist, creative, and web developer created a 3D resume game that showcases his skills in design and illustration as well as provides a unique experience for potential employers to learn more about him.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The speaker talks about how he used humor to grab the attention of someone he wanted to work with, and recommends using it in cold emails; he cites examples that worked for him.
32:22 - 36:51 (04:29)
Summary
The speaker talks about how he used humor to grab the attention of someone he wanted to work with, and recommends using it in cold emails; he cites examples that worked for him.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The speaker discusses the counterproductive nature of hiding one's income and the benefits of publicly sharing one's earnings and job experiences.
36:51 - 40:23 (03:31)
Summary
The speaker discusses the counterproductive nature of hiding one's income and the benefits of publicly sharing one's earnings and job experiences.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
This episode discusses two innovations in the food industry, one being the redesigning of menus based on the psychology of human orientation that can increase revenue, and another being the creation of a scented ring around a bottle’s lip which can give the impression of a specific flavor when drinking water.
40:23 - 46:08 (05:45)
Summary
This episode discusses two innovations in the food industry, one being the redesigning of menus based on the psychology of human orientation that can increase revenue, and another being the creation of a scented ring around a bottle’s lip which can give the impression of a specific flavor when drinking water.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The speaker discusses how people buy expensive things just to feel good about themselves and how important it is for industries to convert customers at a higher rate and a higher dollar amount, particularly in an industry like wine which has low margins.
46:08 - 53:16 (07:07)
Summary
The speaker discusses how people buy expensive things just to feel good about themselves and how important it is for industries to convert customers at a higher rate and a higher dollar amount, particularly in an industry like wine which has low margins.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
Discovering the best e-commerce products with high repeat purchase rates, lock-in, and low shipping can help with sniffing out competitors and internet wars over scent and product quality.
53:16 - 1:04:59 (11:42)
Summary
Discovering the best e-commerce products with high repeat purchase rates, lock-in, and low shipping can help with sniffing out competitors and internet wars over scent and product quality.
EpisodeSteph Smith On Anti-Cheat Businesses, Ethical Hackers, and 5 Business Ideas With High Demand & Low Supply
PodcastMy First Million
The hosts discuss the upcoming launch of the A16Z Podcast and their plan to burn a box of reminders left by their exes.
1:04:59 - 1:06:02 (01:03)
Summary
The hosts discuss the upcoming launch of the A16Z Podcast and their plan to burn a box of reminders left by their exes.