Episode
University of Michigan Students Pitch Us Their Startups For $5000 Prize Money
1:14:17
Published: Fri Dec 16 2022
Description
Episode 396: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) judge the My First Million pitch competition with students at the University of Michigan for a prize of $5,000. Some impressive ideas... find out who wins. ----- Links: * Internet Activism * Yofi * Deal Dog * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (01:45) - Pitch #1 Area (18:30) - Pitch #2 Internet Activism (30:30) - Pitch #3 SeaFare (42:00) - Pitch #4 Yofi (52:00) - Pitch #5 Deal Dog ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Chapters
Five companies get two minutes to pitch and five minutes of Q&A to vie for a $5,000 prize, as judged by the hosts.
00:00 - 01:34 (01:34)
Summary
Five companies get two minutes to pitch and five minutes of Q&A to vie for a $5,000 prize, as judged by the hosts. The hosts discuss their own experiences with pitch competitions and the importance of giving your all to your passions.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
Jenna shares her experience launching a virtual assistance based business, including the challenges of giving up control, the benefits of having a VA for a business, and how to get started as a VA by applying online.
01:34 - 06:25 (04:51)
Summary
Jenna shares her experience launching a virtual assistance based business, including the challenges of giving up control, the benefits of having a VA for a business, and how to get started as a VA by applying online.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
NFC chips have become cheap to manufacture, making it possible to add them to goods for tracking purposes.
06:25 - 11:26 (05:00)
Summary
NFC chips have become cheap to manufacture, making it possible to add them to goods for tracking purposes. The potential applications include tracking clothing history and creating a more efficient grocery shopping experience.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
A 19, 20, or 21-year-old person with a successful background has a significant advantage to pitch their ideas to gray haired executives at big companies.
11:26 - 16:28 (05:02)
Summary
A 19, 20, or 21-year-old person with a successful background has a significant advantage to pitch their ideas to gray haired executives at big companies. This is better than going from store to store looking for someone who retails their products.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The speaker discusses how being a young entrepreneur can be an advantage, as some investors and successful individuals are drawn to the optimism and potential of youth.
16:28 - 19:04 (02:36)
Summary
The speaker discusses how being a young entrepreneur can be an advantage, as some investors and successful individuals are drawn to the optimism and potential of youth. Being seen as an up-and-coming star can lead to networking opportunities and other benefits.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The podcast discusses the importance of building products that can be easily adapted to respond to global crises such as the COVID-19 pandemic, and the potential impact of the pandemic on students considering taking a gap semester.
19:04 - 22:09 (03:05)
Summary
The podcast discusses the importance of building products that can be easily adapted to respond to global crises such as the COVID-19 pandemic, and the potential impact of the pandemic on students considering taking a gap semester.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
Despite government-enforced Wi-Fi shutdowns, it is possible to message people across a city through person-to-person communication.
22:09 - 26:26 (04:17)
Summary
Despite government-enforced Wi-Fi shutdowns, it is possible to message people across a city through person-to-person communication. It is important to create solutions to issues that arise, as failure to do so makes us bystanders to the problem.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
A nonprofit organization driven by a small team of engineers and developers successfully built a website that draws in 600 million visitors.
26:26 - 28:28 (02:01)
Summary
A nonprofit organization driven by a small team of engineers and developers successfully built a website that draws in 600 million visitors. Their success is inspiring for young people interested in nonprofits and technology.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The speaker encourages people to get involved with ocean activism and offers the opportunity to connect with those who work on ships transporting goods and services, as well as leisure and military ships.
28:28 - 33:01 (04:33)
Summary
The speaker encourages people to get involved with ocean activism and offers the opportunity to connect with those who work on ships transporting goods and services, as well as leisure and military ships.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
Discussion about investing in a payment company with unique features, after analyzing successful entrepreneurs and stocks' earnings.
33:01 - 35:30 (02:28)
Summary
Discussion about investing in a payment company with unique features, after analyzing successful entrepreneurs and stocks' earnings.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The speaker discusses their past life working in sales at early stage software companies and the importance of global shipping hubs in the industry.
35:30 - 38:30 (03:00)
Summary
The speaker discusses their past life working in sales at early stage software companies and the importance of global shipping hubs in the industry.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The host and guest discuss the evolution of college entrepreneurship programs and how they have changed over the years.
38:30 - 41:29 (02:58)
Summary
The host and guest discuss the evolution of college entrepreneurship programs and how they have changed over the years. They compare traditional programs to the more innovative, student-run programs and emphasize the importance of collaboration and creativity in building successful businesses.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The podcast discusses how clients tend to overspend on products such as Klaviyo or CRM products because many entries aren't legit, and how they are helping Nike to prioritize their best consumers for limited release products while cleaning their data.
41:29 - 46:27 (04:57)
Summary
The podcast discusses how clients tend to overspend on products such as Klaviyo or CRM products because many entries aren't legit, and how they are helping Nike to prioritize their best consumers for limited release products while cleaning their data.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The challenge of getting messaging right as a business when targeting different types of customers, with an example of a potential net revenue gain for shoe or see-your-store customers, is discussed.
46:27 - 50:53 (04:26)
Summary
The challenge of getting messaging right as a business when targeting different types of customers, with an example of a potential net revenue gain for shoe or see-your-store customers, is discussed.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The interviewee speaks about how their app, designed for college students, features tools like filtering, sorting, and searching for finding relevant items, including a gamified feature called Final Offer that helps them negotiate prices when buying and selling goods on Campus.
50:53 - 55:01 (04:07)
Summary
The interviewee speaks about how their app, designed for college students, features tools like filtering, sorting, and searching for finding relevant items, including a gamified feature called Final Offer that helps them negotiate prices when buying and selling goods on Campus.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The restaurant industry is a difficult field for entrepreneurs to enter with only a low success rate.
55:01 - 1:01:31 (06:29)
Summary
The restaurant industry is a difficult field for entrepreneurs to enter with only a low success rate. Even with high execution skills, there are many obstacles to overcome in making a business successful such as lower trust platforms like Craigslist and Facebook Marketplace, as well as competing with many other big companies in the industry.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The podcast hosts discuss challenges faced by startups such as creating a better product and increasing user engagement with advice given to one startup on expanding its reach.
1:01:31 - 1:05:06 (03:35)
Summary
The podcast hosts discuss challenges faced by startups such as creating a better product and increasing user engagement with advice given to one startup on expanding its reach.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The guest believes that a practitioner working in activism and providing resources to activism organizations can be very impactful.
1:05:06 - 1:09:33 (04:26)
Summary
The guest believes that a practitioner working in activism and providing resources to activism organizations can be very impactful. However, She also acknowledges the importance of entrepreneurs like the one being discussed having a platform to share their ideas and creations.
EpisodeUniversity of Michigan Students Pitch Us Their Startups For $5000 Prize Money
PodcastMy First Million
The speaker praises entrepreneurs who have a punk rock vibe and have built successful companies, mentioning Ryan Hoover as an example.
1:09:33 - 1:11:37 (02:04)
Summary
The speaker praises entrepreneurs who have a punk rock vibe and have built successful companies, mentioning Ryan Hoover as an example.