In this episode Shaan (@ShaanVP) and Sam (@theSamParr) predict what venture capital will look like in the future. Shaan breaks down the different ways someone can win as a VC and also explains how SPACs work. The guys also talk about a company providing dummy data, the allure of a recruiting agency, and we learn about Harold Alfond - this week's billy of the week. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (3:30) Sam's book of the week * (9:58) Tonic Fake Data * (17:18) Recruiting as a solopreneur * (21:10) Amazon liquidation * (31:22) Sam's Costco return story * (34:24) Shaan's Halloween costume rule * (37:09) Billy of the week - Harold Alfond * (48:18) Charitable donations * (57:15) The future of venture capital * (63:03) How SPACs work * (70:22) The ways to win as a VC * (74:53) The $200 million dollar graffiti artist
Investing in technology is a way to bet on the future of humanity and its growth, as it can automate tedious tasks, keep track of contact info and deals, and enable teams to have access to the same data, thereby assuring better customer service and goal achievement.
In this podcast, the speakers discuss their experience listening to audiobooks and the importance of finding an interesting narrator.
The speaker discusses her inherited values of toughness and her stereotypes of Native Americans. She also mentions her dislike for self-help business books due to their pricing.
The speaker discusses the tendency for developers to use generic naming conventions in order to save time and the consequences of doing so. The importance of attention to detail is emphasized, using examples from both software development and personal anecdotes.
The podcast discusses the use of recommendation engines in making quick decisions for businesses, specifically in the field of headhunting and executive recruitment.
The speaker talks about how a business that sells palettes of liquidated Amazon goods for $10 is likely successful because they do not have to update their software and people are excited to receive the products.
The speaker discusses dropshipping and the use of optimization techniques, mentioning a specific website that utilizes limited stock and flashing red text to encourage purchases.
Unclaimed baggage that airlines couldn't find the owners for are being sold in discounted prices both in-store and online. With over 7000 items added each day, buyers can get rare finds at a much affordable cost.
The speaker goes on a rambling conversation about grapes and buying products, mentioning a case of soda and buying $10,000 worth of items from Costco.
In this episode, the hosts discuss the origins of social security and the concept of direct-to-consumer sales, with a brief history of shoe mogul Harold Alphon.
Outlet Malls originated from the idea of retailers disposing of odd-sized or refurbished items at a cheaper price. This resulted in big brands selling products, including shoes manufactured in low-wage countries, at lower costs.
The speaker discusses their spouse's desire to donate to distressed animals and children begging on the streets, even when they have "made it" financially.
The Side Hustle Pro Podcast, part of the HubSpot Network, helps people turn their side hustles into successful businesses by providing valuable information and inspiration.
An experiment was done in Africa where an Android tablet was left with no instructions, and the locals were able to learn how to use it and even install an operating system and apps. The experiment demonstrates the power of technology outreach in developing nations.
A hedge fund is donating tablets to people who never had a computer before, and aims to do it in a legit way that will actually help people. This philanthropic initiative is giving back to the community in a unique and impactful way.
A strategy to deploy as much capital at a possible 18% IRR is compared to selectively investing which take longer to return.
Pipe, a company that raises money for other companies, has been successful due to the large number of deals they initiate even if they don't know exactly who they will invest in.
The speaker discusses the concept of standard deviation and how it relates to certain behaviors, including virtue signaling. They give an example of someone like Tamath who they believe engages in virtue signaling.
Learn how to build a successful services business by adding a venture arm to invest and receive equity in future rounds of funding.
The podcast discusses how Sean Parker made $200 million from $50,000 worth of street artists thanks to Facebook's growth, while also highlighting Parker's offer of either cash or stock to the artists.