Episode
#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
55:00
Published: Wed May 13 2020
Description
Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Sam (@thesamparr) and Shaan (@shaanvp) are back this week to chat about Second order effects of covid-19 - find here: https://docs.google.com/document/d/17YkH4kc63t7JI7JJZR6i3-iebJd7kfRAzAK_ssl8bt4/edit?usp=sharing (1:04), RV rentals / Glamping (14:21), Art collections (22:54), Billionaire of the week: Mark Leonard of Constellation Software (27:57), Balance between prudent and excitement (38:04) and Group buying unlocking discounts (43:24). See acast.com/privacy for privacy and opt-out information.
Chapters
HubSpot CRM offers all the necessary tools to help automate tasks, keep track of contacts and deals, and ensure that teams have access to the same data, all while being easy to use and free to get started.
00:00 - 01:24 (01:24)
Summary
HubSpot CRM offers all the necessary tools to help automate tasks, keep track of contacts and deals, and ensure that teams have access to the same data, all while being easy to use and free to get started. SuperSight, an always-on design company, is also mentioned as a sponsor.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
The speaker expresses confidence in a creator's ability to succeed, having met him once and believing in his potential for a successful career.
01:24 - 04:00 (02:36)
Summary
The speaker expresses confidence in a creator's ability to succeed, having met him once and believing in his potential for a successful career.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
The building of Walmart stores in small towns led to the creation of new businesses nearby, and the September 11th attacks caused a significant shift in security measures and regulations like TSA.
04:00 - 07:19 (03:18)
Summary
The building of Walmart stores in small towns led to the creation of new businesses nearby, and the September 11th attacks caused a significant shift in security measures and regulations like TSA.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
Bill Gurley predicts that camping and RVing will become more popular as people seek to travel but avoid staying in densely populated areas such as hotels or shared Airbnb spaces due to concerns over cleanliness during the pandemic.
07:19 - 11:41 (04:21)
Summary
Bill Gurley predicts that camping and RVing will become more popular as people seek to travel but avoid staying in densely populated areas such as hotels or shared Airbnb spaces due to concerns over cleanliness during the pandemic.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
A former pastor turned coder creates a digital platform for churches similar to Nextdoor that allows church communities to connect online.
11:41 - 14:43 (03:02)
Summary
A former pastor turned coder creates a digital platform for churches similar to Nextdoor that allows church communities to connect online. The platform is designed to support the growing trend towards remote work and digital faith.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
Marcus Lemonis, the founder of Outdoorsy, talks about the tremendous growth and revenue of the company, and how it can ride the wave of interest in outdoor travel.
14:43 - 17:42 (02:58)
Summary
Marcus Lemonis, the founder of Outdoorsy, talks about the tremendous growth and revenue of the company, and how it can ride the wave of interest in outdoor travel. Similar to Airbnb, users can submit their outdoor spaces for others to rent.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
With the ongoing pandemic, people are opting for camping as it's safer and a way to social distance.
17:42 - 23:19 (05:37)
Summary
With the ongoing pandemic, people are opting for camping as it's safer and a way to social distance. Stock market enthusiasts had also predicted an increase in the sales of recreational vehicles and camping equipment, hence leading to a surge in the industry.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
This podcast segment discusses the story of the first sponsored athlete who was a talented runner despite not having the background to match.
23:19 - 26:23 (03:04)
Summary
This podcast segment discusses the story of the first sponsored athlete who was a talented runner despite not having the background to match. They talk about the basics of his life story and how he came to be sponsored.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
Mark Leonard, the CEO of Constellation software, is a mysterious figure with a net worth of $31 billion.
26:23 - 30:24 (04:00)
Summary
Mark Leonard, the CEO of Constellation software, is a mysterious figure with a net worth of $31 billion. He is compared to Satoshi Nakamoto but for boring businesses.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
Tim Paris taught the host of the podcast about the idea of the inverse incentive that is used to balance incentives given to employees to achieve particular goals, resulting in a successful business.
30:24 - 38:45 (08:21)
Summary
Tim Paris taught the host of the podcast about the idea of the inverse incentive that is used to balance incentives given to employees to achieve particular goals, resulting in a successful business. The conversation also includes the idea of starting a modern-day version of Constellation or what Andrew is doing, where strong business with a great cash flow is bought and owned forever.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
The speaker ponders about purchasing a car, feeling conflicted about being called an entitled rich person but also wanting to fulfill a desire for something cool.
38:45 - 43:34 (04:48)
Summary
The speaker ponders about purchasing a car, feeling conflicted about being called an entitled rich person but also wanting to fulfill a desire for something cool.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
The speaker discusses entrepreneurship and suggests that the success of mass drop and the popularity of indoor racing compounds can be applied to a new venture by using Pinduoduo for X, packaging and positioning the product in a unique and attractive way.
43:34 - 47:16 (03:41)
Summary
The speaker discusses entrepreneurship and suggests that the success of mass drop and the popularity of indoor racing compounds can be applied to a new venture by using Pinduoduo for X, packaging and positioning the product in a unique and attractive way. The speaker also mentions that the number-one selling item on Pin Duo Duo is tissue boxes.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
This podcast episode discusses how mobile games have optimized the use of buttons at checkout to acquire customers and make money.
47:16 - 52:23 (05:07)
Summary
This podcast episode discusses how mobile games have optimized the use of buttons at checkout to acquire customers and make money. The conversation also shares the possibilities of Shopify’s best practices for starting a business.
Episode#74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
PodcastMy First Million
This podcast discusses the benefits of software-based products as opposed to physical items, in terms of incremental sales and pricing strategies.
52:23 - 55:10 (02:47)
Summary
This podcast discusses the benefits of software-based products as opposed to physical items, in terms of incremental sales and pricing strategies.