Episode
#96 - The Entrepreneur Betting Billions On American Passenger Trains
1:01:03
Published: Wed Jul 29 2020
Description
Today's episode is brought to you by Lemon.io. They are offering an exclusive 15% discount for the first 6 weeks of work for all the MFM fans. Go to Lemon.io/mfm to claim your offer today. On today's episode, Shaan and Sam talk: (5:52) Charter cities and planned communities, (12:34) Wed Edens, the man investing billions in American trains, (30:41) SPACs and the world of financial engineers, (46:18) building for the creator economy. 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 a one-stop-shop with all the tools you need to grow your business while also being easy to use and free to get started with.
00:00 - 00:44 (00:44)
Summary
HubSpot CRM is a one-stop-shop with all the tools you need to grow your business while also being easy to use and free to get started with.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The pandemic has caused many to enter "fight or flight" mode, leading to renewed interest in the childhood prank of doorbell ditching.
00:44 - 03:18 (02:34)
Summary
The pandemic has caused many to enter "fight or flight" mode, leading to renewed interest in the childhood prank of doorbell ditching.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
This transcript contains a casual, meandering conversation between two individuals with no real topic or point.
03:18 - 05:42 (02:24)
Summary
This transcript contains a casual, meandering conversation between two individuals with no real topic or point.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The podcast hosts discuss the unexpected turn of events at a festival similar to South by Southwest, which resulted in a wild and unplanned gathering, resembling an orgy.
05:42 - 09:08 (03:25)
Summary
The podcast hosts discuss the unexpected turn of events at a festival similar to South by Southwest, which resulted in a wild and unplanned gathering, resembling an orgy.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
A discussion about the opportunities and profitability of implementing a better transportation system in the US, focusing on improving passenger train systems to connect various cities more efficiently.
09:08 - 16:29 (07:21)
Summary
A discussion about the opportunities and profitability of implementing a better transportation system in the US, focusing on improving passenger train systems to connect various cities more efficiently.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
Wayne Van Son discusses the challenge of finding good developers and how he is addressing this problem by providing a platform that vets developers for businesses in need of their services.
16:29 - 20:14 (03:44)
Summary
Wayne Van Son discusses the challenge of finding good developers and how he is addressing this problem by providing a platform that vets developers for businesses in need of their services.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The reason why founders like Elon Musk get so much press is that it helps in raising money and getting access to capital in the public domain, whereas it becomes difficult for many other entrepreneurs to gather funds for their startups.
20:14 - 22:24 (02:10)
Summary
The reason why founders like Elon Musk get so much press is that it helps in raising money and getting access to capital in the public domain, whereas it becomes difficult for many other entrepreneurs to gather funds for their startups.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
Sometimes, knowing the table stakes of success in the industry you're in is more important than flaunting unique or extraordinary skills.
22:24 - 28:15 (05:50)
Summary
Sometimes, knowing the table stakes of success in the industry you're in is more important than flaunting unique or extraordinary skills. Knowing what type of business you are in is crucial to succeeding in that industry.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
A sales guy asked Ray Kroc, the founder of McDonald's, about how their business operation works.
28:15 - 30:10 (01:55)
Summary
A sales guy asked Ray Kroc, the founder of McDonald's, about how their business operation works. It's important to be truthful about the type of business you're in and not try to get valued as something you're not.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The excitement to uphold the status quo often causes people to miss out on new innovations and ideas.
30:10 - 32:15 (02:04)
Summary
The excitement to uphold the status quo often causes people to miss out on new innovations and ideas.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
This episode discusses the case of a man who convinced the government to change a law, allowing him to issue new stock and raise billions of dollars, despite the morally dubious nature of his actions.
32:15 - 38:32 (06:17)
Summary
This episode discusses the case of a man who convinced the government to change a law, allowing him to issue new stock and raise billions of dollars, despite the morally dubious nature of his actions.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The podcast talks about successful day trading and angel investors like Chris Saka, Chamath and Bill Ackman who invested in Twitter, and how simpletons like the speaker may not fully understand their bold investment moves.
38:32 - 41:35 (03:03)
Summary
The podcast talks about successful day trading and angel investors like Chris Saka, Chamath and Bill Ackman who invested in Twitter, and how simpletons like the speaker may not fully understand their bold investment moves.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The story of how Google grew rapidly, acquiring data centers around the country under shell company names to avoid suspicion, and the journey of its founder from net worth zero to becoming a successful consultant.
41:35 - 45:00 (03:25)
Summary
The story of how Google grew rapidly, acquiring data centers around the country under shell company names to avoid suspicion, and the journey of its founder from net worth zero to becoming a successful consultant.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
VC fund, Gigafund, will be exclusively focused on raising capital for SpaceX.
45:00 - 46:56 (01:55)
Summary
VC fund, Gigafund, will be exclusively focused on raising capital for SpaceX. The firm aims to achieve a 5x return of their fund and seems to have been able to get in with Elon Musk.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
Clearbank was created as a specialized bank for e-commerce startups as traditional banks were not equipped to assess the credit requirements for such companies.
46:56 - 50:39 (03:43)
Summary
Clearbank was created as a specialized bank for e-commerce startups as traditional banks were not equipped to assess the credit requirements for such companies. This allows e-commerce startups to access capital for inventory and operational expenses without raising from traditional investors.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The rise of mental health awareness and the increasing need for employee mental well-being has led many companies to offer meditation apps as a benefit.
50:40 - 56:50 (06:09)
Summary
The rise of mental health awareness and the increasing need for employee mental well-being has led many companies to offer meditation apps as a benefit. In the future, mental health solutions may become an expected part of workplace benefits and even expand into tools for schools to provide digital counseling to students.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
This episode explores the psychology behind therapy app churn and how it can actually be a positive thing, similar to churning off a dating app when finding a relationship.
56:50 - 59:25 (02:34)
Summary
This episode explores the psychology behind therapy app churn and how it can actually be a positive thing, similar to churning off a dating app when finding a relationship. They also discuss the evolution of societal attitudes towards mental health and therapy.
Episode#96 - The Entrepreneur Betting Billions On American Passenger Trains
PodcastMy First Million
The normalization of activities considered "gay" has been positive for society, as concepts like yoga and veganism have become mainstream and socially accepted.
59:25 - 1:01:05 (01:39)
Summary
The normalization of activities considered "gay" has been positive for society, as concepts like yoga and veganism have become mainstream and socially accepted.