Episode
We Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
1:22:39
Published: Wed Aug 31 2022
Description
Episode 356: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) with the help of Stonks.com , listen to six entrepreneurs pitch their business in hopes of getting Shaan and Sam to invest. * To watch this podcast, head over to our YouTube channel: https://youtu.be/OKI1X1qFgwg ----- Links: * Cherry * Pillup * Campus Ink * Terrashroom * Dealbuilder * Field Complete * 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: (05:35) - Luke @ Cherry (17:40) - Ankur @ Pillup (30:05) - Steven @ Campus Ink (42:45) - Jared @ Terrashroom (54:10) - Morgan @ Dealbuilder (01:04:05) - Tim @ Field Complete ------ 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
Six startups pitch their ideas and have the opportunity to raise millions of dollars with the help of viewers on this live recorded episode.
00:00 - 01:09 (01:09)
Summary
Six startups pitch their ideas and have the opportunity to raise millions of dollars with the help of viewers on this live recorded episode. The episode includes video presentations, while the hosts discuss the pitches and ask questions.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker mentions an online platform that allows viewers to invest in startups, similar to the process on Shark Tank.
01:09 - 04:41 (03:31)
Summary
The speaker mentions an online platform that allows viewers to invest in startups, similar to the process on Shark Tank. The companies that pitched on the platform have previously raised millions of dollars.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The aim is to increase direct bookings for properties by having them listed on online travel agencies, which redirects customers to properties' websites through pop-ups and exclusive deals, thereby reducing commission fees levied by these online travel agencies.
04:41 - 08:43 (04:02)
Summary
The aim is to increase direct bookings for properties by having them listed on online travel agencies, which redirects customers to properties' websites through pop-ups and exclusive deals, thereby reducing commission fees levied by these online travel agencies.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
Learn about the benefits of using Cherry for travel bloggers and YouTubers as it allows them to incentivize their members to use the product while searching for flights and hotels, resulting in not having to pay commissions every time.
08:43 - 12:09 (03:25)
Summary
Learn about the benefits of using Cherry for travel bloggers and YouTubers as it allows them to incentivize their members to use the product while searching for flights and hotels, resulting in not having to pay commissions every time.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
In this podcast, the speaker discusses the challenges of succeeding in the travel industry due to its infrequency and expense, and the importance of not being too different from competitors.
12:09 - 15:33 (03:23)
Summary
In this podcast, the speaker discusses the challenges of succeeding in the travel industry due to its infrequency and expense, and the importance of not being too different from competitors. They also encourage viewers to consider their partner's opinion when making investment decisions.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The company provides a one-stop solution to improve medication adherence through personalized pre-sorted pouches and their app.
15:33 - 17:57 (02:23)
Summary
The company provides a one-stop solution to improve medication adherence through personalized pre-sorted pouches and their app. The solution is particularly helpful for the elderly or busy individuals who tend to forget to take their medication.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
PillPack aims to improve medication adherence by providing a medication management system that pre-sorts medications for elderly patients.
17:57 - 22:29 (04:31)
Summary
PillPack aims to improve medication adherence by providing a medication management system that pre-sorts medications for elderly patients. While bringing innovation to the fintech industry, their focus remains to make medication management easier and more convenient.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The absence of Pill Pack in India due to country-specific regulations on e-pharmacies has led to a gap in the market.
22:29 - 26:00 (03:31)
Summary
The absence of Pill Pack in India due to country-specific regulations on e-pharmacies has led to a gap in the market. While there are similar services in India, it is unclear if they pose a potential issue or opportunity for the e-pharmacy industry.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker expresses concerns about investing in a foreign company due to ethical implications like supporting a company with questionable practices.
26:00 - 30:39 (04:39)
Summary
The speaker expresses concerns about investing in a foreign company due to ethical implications like supporting a company with questionable practices. They mention a well-liked Pakistani company as an exception to their worries.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker discusses the impact of the recent NIL (name, image and likeness) change on college athletes and businesses profiting from it.
30:39 - 34:03 (03:24)
Summary
The speaker discusses the impact of the recent NIL (name, image and likeness) change on college athletes and businesses profiting from it.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The guest speaker proposes building cheap labor teams on college campuses in order to create marketing and design teams for various businesses.
34:03 - 36:33 (02:30)
Summary
The guest speaker proposes building cheap labor teams on college campuses in order to create marketing and design teams for various businesses.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker discusses the issues with YouTuber merchandise stores like FanJoy, and proposes a better way for schools to promote and sell their athlete merchandise by utilizing their own email lists and partnering with established retailers.
36:33 - 38:37 (02:03)
Summary
The speaker discusses the issues with YouTuber merchandise stores like FanJoy, and proposes a better way for schools to promote and sell their athlete merchandise by utilizing their own email lists and partnering with established retailers.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
In this podcast, Pat Brown and Joe DeSimone discuss the value of a startup and how it is determined, the complexities of growing mushrooms, and the potential for new innovations in the printed T-shirt industry.
38:37 - 42:51 (04:14)
Summary
In this podcast, Pat Brown and Joe DeSimone discuss the value of a startup and how it is determined, the complexities of growing mushrooms, and the potential for new innovations in the printed T-shirt industry.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The co-founder of a hydroponic start-up talks about their approach to growing veggies and making money without getting blocked by Facebook for promoting growth solutions for cannabis.
42:51 - 49:24 (06:33)
Summary
The co-founder of a hydroponic start-up talks about their approach to growing veggies and making money without getting blocked by Facebook for promoting growth solutions for cannabis.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker discusses how Amazon has made shopping for a variety of products, from psychedelic mushrooms to relationship books, more convenient and accessible.
49:24 - 54:55 (05:31)
Summary
The speaker discusses how Amazon has made shopping for a variety of products, from psychedelic mushrooms to relationship books, more convenient and accessible.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
FE International is now doing larger deals that are using a private banker, whereas this is how small and medium-sized businesses are going to be traded using a subscription service with a nominal fee.
54:55 - 58:04 (03:08)
Summary
FE International is now doing larger deals that are using a private banker, whereas this is how small and medium-sized businesses are going to be traded using a subscription service with a nominal fee.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker mentions that their payroll platform has attracted brokers who want to be on their platform, and they think that influencers could make a big difference.
58:04 - 1:00:36 (02:31)
Summary
The speaker mentions that their payroll platform has attracted brokers who want to be on their platform, and they think that influencers could make a big difference.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
This podcast discusses an app aimed at helping contractors solve their operational challenges by integrating banking solutions, integrating with property managers, and providing support reps.
1:00:36 - 1:07:26 (06:49)
Summary
This podcast discusses an app aimed at helping contractors solve their operational challenges by integrating banking solutions, integrating with property managers, and providing support reps. The app seeks to solve the typical conundrum of having to either bootstrap one's operation or juggle multiple apps to run a business in the residential or commercial sectors.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker feels that the pitch provides too much unnecessary information, making it difficult to understand the size and value of the business.
1:07:26 - 1:11:26 (04:00)
Summary
The speaker feels that the pitch provides too much unnecessary information, making it difficult to understand the size and value of the business. Clear, concise metrics are necessary to make a compelling case for investment.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The guest speaker discusses the feedback from investors that startups need to have impressive user or revenue numbers, and offers the advice to focus on developing a capital efficient business model instead.
1:11:26 - 1:16:53 (05:27)
Summary
The guest speaker discusses the feedback from investors that startups need to have impressive user or revenue numbers, and offers the advice to focus on developing a capital efficient business model instead.
EpisodeWe Hosted A "Shark Tank" For Tech Startups | My First Million Demo Day
PodcastMy First Million
The speaker reflects on their personal investment choices, considering the potential profitability of tech stocks and the risk associated with investing in smaller companies.
1:16:53 - 1:19:20 (02:27)
Summary
The speaker reflects on their personal investment choices, considering the potential profitability of tech stocks and the risk associated with investing in smaller companies.