Episode
#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
53:01
Published: Wed Nov 25 2020
Description
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: - Shaan finds Internet gold in the Twitter replies from followers of Chamath (1:45) - Sam explains why Casper mattress company should be in the midwest instead of Brooklyn (3:35) - Sam thinks one company that is ripe for innovation is Subway (5:25) - the guys talk about why Western Union should switch to Crypto and modernize (7:10) - Shaan thinks CVS is another candidate ripe for modernization (12:30) - Shaan explains why Tootsie Roll should go viral (15:45) - Sam and Shaan wonder why new candy bars don’t exist (22:15) - Shaan breaks down a blog post called “Nine Charts About Why Bitcoin is Different This Time” and on if there’s substance behind Bitcoin’s recent rise (30:25) - Shaan pitches a “collaborative search engine” idea that he’s calling Figma for Browsers (36:10) - Could “Substack for video” be a thing? (42:00) - the guys find an interesting bootstrapper online named Jakob Greenfeld (44:35) Reference links: - Chamath's tweet https://twitter.com/chamath/status/1329578886556839936 - Shinola https://www.shinola.com/ - Gumspy https://gumspy.com/ - Rap Snacks http://www.rapsnacks.net/ - Rokfin https://rokfin.com/ - Why Bitcoin is different this time https://cointelegraph.com/news/this-time-is-different-10-bitcoin-charts-show-that-this-rally-isn-t-like-2017 Have you 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. See acast.com/privacy for privacy and opt-out information.
Chapters
HubSpot CRM is an all-in-one platform that helps growing businesses automate tasks, keep track of customer data and deals, and reach their goals.
00:00 - 01:07 (01:07)
Summary
HubSpot CRM is an all-in-one platform that helps growing businesses automate tasks, keep track of customer data and deals, and reach their goals. It's easy to use and free to get started, making it the perfect choice for businesses looking for the best bang for their buck.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The hosts discuss improvements made to the studio to reduce echo and improve sound quality.
01:07 - 02:27 (01:20)
Summary
The hosts discuss improvements made to the studio to reduce echo and improve sound quality. They also comment on the importance of visual presentation in podcasting.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
Entrepreneur and Investor Chamath Palihapitiya recently tweeted about looking for a cash-flowing public company that he could revamp with his tech expertise.
02:27 - 05:36 (03:08)
Summary
Entrepreneur and Investor Chamath Palihapitiya recently tweeted about looking for a cash-flowing public company that he could revamp with his tech expertise. Twitter is a treasure trove for investment opportunities and knowledgeable individuals are using it to share investment insights and ideas.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
Western Union has hundreds of upper management employees who have worked there for years and is typically located in poor, low-income neighborhoods.
05:36 - 12:22 (06:46)
Summary
Western Union has hundreds of upper management employees who have worked there for years and is typically located in poor, low-income neighborhoods. The company is known for sending money to countries with poor financial infrastructure and currency controls.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
A discussion on the difference in market caps between CVS and Rite Aid, with emphasis on the potential investment opportunity for Rite Aid.
12:22 - 14:38 (02:15)
Summary
A discussion on the difference in market caps between CVS and Rite Aid, with emphasis on the potential investment opportunity for Rite Aid.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The idea of modernizing retail real estate by taking over the footprint of a dying brand (such as Sears) in a space like healthcare and offering digital pharmacy services is discussed.
14:38 - 18:13 (03:34)
Summary
The idea of modernizing retail real estate by taking over the footprint of a dying brand (such as Sears) in a space like healthcare and offering digital pharmacy services is discussed. The potential of Tootsie Roll, a company with substantial free and net operating cash flow, is also mentioned.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The speaker suggests that Tootsie Roll should be bought out by a company that can revive the brand with a strong marketing strategy, like partnering with young pop stars and using TikTok as a distribution channel.
18:13 - 20:09 (01:56)
Summary
The speaker suggests that Tootsie Roll should be bought out by a company that can revive the brand with a strong marketing strategy, like partnering with young pop stars and using TikTok as a distribution channel.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
This podcast episode discusses the importance of bringing classic candy brands back to the mainstream, making them culturally relevant again, and competing with current candy trends.
20:09 - 22:02 (01:53)
Summary
This podcast episode discusses the importance of bringing classic candy brands back to the mainstream, making them culturally relevant again, and competing with current candy trends.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The innovation in candy has produced numerous flavors whereas ramen noodle flavors tend to be limited.
22:02 - 29:43 (07:40)
Summary
The innovation in candy has produced numerous flavors whereas ramen noodle flavors tend to be limited. While ramen noodles are primarily consumed by college students and those with low income, candy has a far reaching appeal to various demographics.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
A brand with an unknown origin launched T.I.
29:43 - 32:37 (02:54)
Summary
A brand with an unknown origin launched T.I. snacks in different parts of the country. These snacks include Bosco sticks, pizza sticks, hot fries, and cheddar fries.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
This podcast discusses how people who purchased Bitcoin at a very low rate are unlikely to buy it again at 20,000 dollars.
32:37 - 38:23 (05:46)
Summary
This podcast discusses how people who purchased Bitcoin at a very low rate are unlikely to buy it again at 20,000 dollars. It also delves into the asset classes that are exciting for fund managers and how the market cap of Bitcoin is measured.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The idea of creating multiplayer versions of common software tools, such as Figma for Photoshop or iMovie for basic video editing, is becoming increasingly popular.
38:23 - 43:04 (04:40)
Summary
The idea of creating multiplayer versions of common software tools, such as Figma for Photoshop or iMovie for basic video editing, is becoming increasingly popular. This includes tools for email inboxes and customer support.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The athletic entertainment startup, which has around 10,000 paying customers, creates athletic vlogs for mildly famous athletes and built it on the back of Bitcoin.
43:04 - 46:44 (03:39)
Summary
The athletic entertainment startup, which has around 10,000 paying customers, creates athletic vlogs for mildly famous athletes and built it on the back of Bitcoin. They are exploring the possibility of creating live videos that could eventually be put behind a paywall.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
A solo developer is creating multiple small tools that could potentially generate five grand a month each.
46:44 - 50:16 (03:32)
Summary
A solo developer is creating multiple small tools that could potentially generate five grand a month each. He uses the same landing page for all of them and already has eight tools to his name.
Episode#131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
PodcastMy First Million
The speaker's cousin was listening to the podcast and got interrupted when the speaker called.
50:17 - 51:54 (01:37)
Summary
The speaker's cousin was listening to the podcast and got interrupted when the speaker called. He wasn't paying full attention and the speaker offered to call back later.