Episode
#80 - The Guide on Generating Startup Ideas
53:47
Published: Wed Jun 03 2020
Description
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. Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) kick around a several new business models, and then they break down frameworks for how the best founders develop and source startup ideas.. The second half of the show is also Shaan and Sam talking through current events. Today's topic include: Shaan and Sam talk about gaming credit card points (0:16), Shaan brainstorms on a service for creating tax-advantaged foundations for athletes or other high earners (4:00), Sam and Shaan talk about how to come up with ideas (9:00), Shaan describes the “old and new” framework of idea generation (22:00), Sam talks about why he hates courses as a business model (27:00), Sam and Shaan talk through current events. See acast.com/privacy for privacy and opt-out information.
Chapters
Learn about the benefits of using CRM software for automating tasks and improving customer service, as well as some drawbacks of relying only on technology for building relationships.
00:00 - 01:45 (01:45)
Summary
Learn about the benefits of using CRM software for automating tasks and improving customer service, as well as some drawbacks of relying only on technology for building relationships.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The podcast discussion revolves around the challenges of managing high credit card spending in business and the strategies to control it.
01:45 - 04:38 (02:53)
Summary
The podcast discussion revolves around the challenges of managing high credit card spending in business and the strategies to control it.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The episode discusses the advantages and potential drawbacks of starting a charitable foundation, including tax benefits and subscription-based maintenance fees, while considering alternative charitable vehicles such as donor-advised funds.
04:38 - 10:51 (06:12)
Summary
The episode discusses the advantages and potential drawbacks of starting a charitable foundation, including tax benefits and subscription-based maintenance fees, while considering alternative charitable vehicles such as donor-advised funds.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The host discusses the importance of recognizing good ideas and possibilities, even if they initially seem silly or unattainable, and provides examples such as Uber.
10:51 - 14:27 (03:35)
Summary
The host discusses the importance of recognizing good ideas and possibilities, even if they initially seem silly or unattainable, and provides examples such as Uber. It is crucial to test them and see what most people think is a bad idea, but you understand why it is a good one.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker noticed the issue with Zoom's invite page and decided to create tiny stickers that could direct people to the correct webpage.
14:27 - 19:13 (04:46)
Summary
The speaker noticed the issue with Zoom's invite page and decided to create tiny stickers that could direct people to the correct webpage. He also discusses the strategy of identifying issues within rapidly growing platforms, such as eBay or Reddit, in order to create solutions to their problems.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker expresses amazement at the convenience of on-demand services like Uber and wonders why food delivery services like Uber Eats don't offer additional dessert items.
19:13 - 22:37 (03:24)
Summary
The speaker expresses amazement at the convenience of on-demand services like Uber and wonders why food delivery services like Uber Eats don't offer additional dessert items. The speaker also recommends Reddit, Hacker News, and Telegram groups as great resources for information.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker discusses strategies for generating ideas, including combining old problems with new solutions, and practicing daily brainstorming sessions.
22:37 - 25:55 (03:17)
Summary
The speaker discusses strategies for generating ideas, including combining old problems with new solutions, and practicing daily brainstorming sessions.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker discusses the need for cheap and readily available glucose monitors to provide feedback on people's diets in real time, in order to help combat national obesity rates.
25:55 - 28:29 (02:34)
Summary
The speaker discusses the need for cheap and readily available glucose monitors to provide feedback on people's diets in real time, in order to help combat national obesity rates.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The Xerox Park was where Steve Jobs got inspiration for the visual graphic user interface, which is widely used in today's technology.
28:29 - 33:31 (05:01)
Summary
The Xerox Park was where Steve Jobs got inspiration for the visual graphic user interface, which is widely used in today's technology. The speaker mentions this while discussing education and creating courses.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
Amid the pandemic and desire for more affordability, people are leaving cities and seeking isolation.
33:31 - 38:31 (05:00)
Summary
Amid the pandemic and desire for more affordability, people are leaving cities and seeking isolation. The flight to space is also causing some to reconsider investing in urban areas.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The bias that people have going into a protest affects how they interpret and understand what is happening.
38:32 - 42:01 (03:29)
Summary
The bias that people have going into a protest affects how they interpret and understand what is happening. Some believe that malicious groups are hijacking the movement and inciting violence, while others believe the protests are necessary to address real problems in their communities.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker addresses the issue of racism and socioeconomic status and quotes a saying that emphasizes the importance of taking action against bad behavior even in a majority of good behavior.
42:01 - 45:34 (03:33)
Summary
The speaker addresses the issue of racism and socioeconomic status and quotes a saying that emphasizes the importance of taking action against bad behavior even in a majority of good behavior. They also express concern over diving into such heavy topics on the podcast.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker talks about feeling out of place in certain situations, such as when a Muslim friend had their house keys taken away by TSA, and the struggles of being a minority in a less racially friendly place like Tulsa, Oklahoma.
45:34 - 50:32 (04:57)
Summary
The speaker talks about feeling out of place in certain situations, such as when a Muslim friend had their house keys taken away by TSA, and the struggles of being a minority in a less racially friendly place like Tulsa, Oklahoma.
Episode#80 - The Guide on Generating Startup Ideas
PodcastMy First Million
The speaker compares breaching a contract to getting a new puppy and expresses frustration when the other party is terminally breaching the contract with no recourse.
50:32 - 53:48 (03:16)
Summary
The speaker compares breaching a contract to getting a new puppy and expresses frustration when the other party is terminally breaching the contract with no recourse.