Episode
#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
56:54
Published: Fri Jan 29 2021
Description
Shaan Puri (@ShaanVP), Sam Parr (@theSamParr), and Immad Akhund (@immad) discuss: - How Shaan 3x his Twitter following in 2 months - The wild r/WallStreetBets trades and Shaan's $100k bet - Immad brings his ideas: a new CRM, startups catering to the creator economy, and "Clubhouse for business" - The future of Substack and it's competitors - The big potential of white labeling lending platforms Today's episode is brought to you by FOCUSAID. It’s the #1 and first nootropic drink in America that’s sold over 100m cans. For 30% off your first order, go to DrinkFocusAid.com. Check it out! 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. Editing thanks to Jonathan Gallegos (@jjonthan) See acast.com/privacy for privacy and opt-out information.
Chapters
Startups often track customer feedback in order to improve their products or services, and this can be done by looking into customer data.
00:00 - 01:55 (01:55)
Summary
Startups often track customer feedback in order to improve their products or services, and this can be done by looking into customer data. One tool that can help with this is Riverside, which allows startups to gather customer feedback all in one place.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
Journalists exploited Uber's debugging terminal to track people's whereabouts, including those of their exes, resulting in a hit piece against the company.
01:55 - 05:10 (03:14)
Summary
Journalists exploited Uber's debugging terminal to track people's whereabouts, including those of their exes, resulting in a hit piece against the company.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
Tips for increasing a Twitter following include promoting your content within your tweets and analyzing the ratio of likes to impressions to determine if a post has viral potential.
05:10 - 07:25 (02:15)
Summary
Tips for increasing a Twitter following include promoting your content within your tweets and analyzing the ratio of likes to impressions to determine if a post has viral potential.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The speaker talks about how they missed out on the GameStop saga, and how it involved internet nerds from Wall Street Bets and Wall Street suits, with the potential for big losses or gains.
07:25 - 11:40 (04:14)
Summary
The speaker talks about how they missed out on the GameStop saga, and how it involved internet nerds from Wall Street Bets and Wall Street suits, with the potential for big losses or gains.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The speaker shares his perspective on fiscal stimulus, technology, and investing in stocks and bitcoin, and how the startup game presents different perspectives.
11:40 - 16:02 (04:22)
Summary
The speaker shares his perspective on fiscal stimulus, technology, and investing in stocks and bitcoin, and how the startup game presents different perspectives.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
In this podcast, the speaker discusses the lack of truly customer-first CRMs available in the market and how the data-first, developer-first approach of Superhuman could serve as a single source of customer data and support.
16:02 - 23:22 (07:20)
Summary
In this podcast, the speaker discusses the lack of truly customer-first CRMs available in the market and how the data-first, developer-first approach of Superhuman could serve as a single source of customer data and support. Additionally, they suggest targeting groups underserved by traditional infrastructure, such as young people or creators, in order to innovate in the CRM space.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The incentives of content creation align more with clickbait and lack of privacy through advertising, while subscriptions align more with long-form content and building trust over time.
23:22 - 29:49 (06:26)
Summary
The incentives of content creation align more with clickbait and lack of privacy through advertising, while subscriptions align more with long-form content and building trust over time. As companies grow, there is a challenge in creating spaces for serendipitous conversation and community building among subscribers.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
Substack introduced a "bundle" that allows readers to subscribe to multiple writers for a monthly payment.
29:49 - 33:51 (04:01)
Summary
Substack introduced a "bundle" that allows readers to subscribe to multiple writers for a monthly payment. Now, the bundle has grown into a media company that pays writers that participate in the bundle as affiliates.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
It is crucial for SaaS platforms to not only serve as tools but to also play a significant role in managing the cash flow of businesses.
33:51 - 38:18 (04:26)
Summary
It is crucial for SaaS platforms to not only serve as tools but to also play a significant role in managing the cash flow of businesses. Companies in the FinTech industry are great examples of this.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
Immad Akhund, co-founder of Mercury, discusses the future of embedded FinTech, how Mercury is making banking easier for smaller businesses, and why he prioritizes supporting immigrant founders.
38:18 - 42:47 (04:28)
Summary
Immad Akhund, co-founder of Mercury, discusses the future of embedded FinTech, how Mercury is making banking easier for smaller businesses, and why he prioritizes supporting immigrant founders.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
Banks often view depositors as a cost center as they have to spend money on acquiring them, causing challenger banks to become a potential threat for traditional banks.
42:47 - 46:11 (03:24)
Summary
Banks often view depositors as a cost center as they have to spend money on acquiring them, causing challenger banks to become a potential threat for traditional banks. This differs from loan providers who can build long-term relationships with customers, as loans are considered a commodity.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The speaker discusses the current state of the startup landscape, from seeing friends trying and failing to people raising millions of dollars for their ideas, as well as noting the advancements in space technology and the similarities to the boom of mobile app acquisitions by Yahoo.
46:11 - 50:47 (04:36)
Summary
The speaker discusses the current state of the startup landscape, from seeing friends trying and failing to people raising millions of dollars for their ideas, as well as noting the advancements in space technology and the similarities to the boom of mobile app acquisitions by Yahoo.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The speaker discusses the importance of seed stage diversification and the potential payoff of hitting a hundred billion dollar company even if a thousand other investments fail.
50:47 - 53:43 (02:55)
Summary
The speaker discusses the importance of seed stage diversification and the potential payoff of hitting a hundred billion dollar company even if a thousand other investments fail. The speaker also shares their excitement about one particular company they invested in and the ambitious founders behind it.
Episode#149 - The Craziness of r/WallStreetBets, an $100k Bet, and Startup Ideas with Mercury Banks Founder
PodcastMy First Million
The speaker shares personal experience with the ease of using Face ID to pay bills, and discusses a new treasury product that streamlines investment operations for businesses.
53:43 - 55:45 (02:02)
Summary
The speaker shares personal experience with the ease of using Face ID to pay bills, and discusses a new treasury product that streamlines investment operations for businesses.