Episode
#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
49:59
Published: Fri Apr 02 2021
Description
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: refer.fm/million --------- --------- Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP): (1:42) Chess.com is huge, what're other similar opportunities? (9:23) Misspelled domain opportunities (13:40) Sam's angel investing update (18:55) Brainstorming "Opendoor for X" (32:03) Franchising but for tech companies --------- --------- 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.
Chapters
The owner of a domain refuses to monetize or sell it despite receiving inquiries from interested parties.
00:00 - 01:10 (01:10)
Summary
The owner of a domain refuses to monetize or sell it despite receiving inquiries from interested parties. Meanwhile, HubSpot CRM is a one-stop shop for growing businesses, offering tools to automate tasks and streamline data for better customer service.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
Two Stanford graduates started a pickleball newsletter as a side project, which has now turned into a full-time job that involves traveling the country and getting their products into stores.
01:10 - 04:59 (03:49)
Summary
Two Stanford graduates started a pickleball newsletter as a side project, which has now turned into a full-time job that involves traveling the country and getting their products into stores. The CEO of pickleball has either listened to their podcast or messaged them directly in the past.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
EasyBrain, a mobile app developer that creates simple number games such as Sudoku, has been acquired for $640 million in stock and up to $125 million of additional consideration if they hit certain targets, after achieving over 750 million downloads lifetime.
04:59 - 08:01 (03:02)
Summary
EasyBrain, a mobile app developer that creates simple number games such as Sudoku, has been acquired for $640 million in stock and up to $125 million of additional consideration if they hit certain targets, after achieving over 750 million downloads lifetime. Their games have provided free traffic to their mobile apps, making it an attractive acquisition target.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The speaker shares their thoughts on the poker.com website, describing it as a "crappy" and unimpressive platform.
08:01 - 10:38 (02:36)
Summary
The speaker shares their thoughts on the poker.com website, describing it as a "crappy" and unimpressive platform. They suggest looking for a better mobile poker app or alternative sites.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The lack of trademark ownership for Bitcoin creates room for alternative spellings and domain names such as Bitcoin.org and the not so popular Bitcoin.net.
10:38 - 14:11 (03:33)
Summary
The lack of trademark ownership for Bitcoin creates room for alternative spellings and domain names such as Bitcoin.org and the not so popular Bitcoin.net.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The speaker expresses their hesitation about starting a business as a side hustle and their desire to share it publicly.
14:11 - 19:47 (05:35)
Summary
The speaker expresses their hesitation about starting a business as a side hustle and their desire to share it publicly. They mention their lack of interest in investing in rolling funds or something that feels like a full-time job.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The future of real estate technology lies in buying and reselling houses using automation technology, making it easier to sell your house in a short amount of time.
19:47 - 25:01 (05:14)
Summary
The future of real estate technology lies in buying and reselling houses using automation technology, making it easier to sell your house in a short amount of time. Additionally, there is potential for specialized e-commerce roll-ups like Thrasio to expand into the real estate market.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
EquityZen has a simple and easy-to-understand business approach compared to other companies like Flippa and Open Door.
25:01 - 28:47 (03:45)
Summary
EquityZen has a simple and easy-to-understand business approach compared to other companies like Flippa and Open Door. However, it is not like Robinhood and is more complex.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The obscurity of certain markets can intimidate investors, particularly in niches like life insurance policy payouts.
28:47 - 32:42 (03:55)
Summary
The obscurity of certain markets can intimidate investors, particularly in niches like life insurance policy payouts. However, modern technology has increased the accessibility of these markets, allowing for speedy transactions.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The speaker discusses the concept of discounted upfront payments for life insurance and wonders what else people might wait to get paid for, bringing up the example of lottery tickets.
32:42 - 34:10 (01:28)
Summary
The speaker discusses the concept of discounted upfront payments for life insurance and wonders what else people might wait to get paid for, bringing up the example of lottery tickets.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The potential for e-commerce brands to expand internationally is huge, but most of them remain local due to heavy import duties.
34:10 - 37:48 (03:37)
Summary
The potential for e-commerce brands to expand internationally is huge, but most of them remain local due to heavy import duties. Entrepreneurs could make a low-risk proposition for e-commerce brands to expand internationally and become the leading trusted go-to market plan for countries outside of the United States.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The speaker proposes an opportunity for a company to be the go-to brand for direct-to-consumer (D2C) brands to partner with in various locations, as well as highlights the potential for similar partnerships in the media industry.
37:48 - 40:45 (02:57)
Summary
The speaker proposes an opportunity for a company to be the go-to brand for direct-to-consumer (D2C) brands to partner with in various locations, as well as highlights the potential for similar partnerships in the media industry.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The idea of licensing a brand to international partners may be a good strategy for expanding a US-based business to international markets.
40:45 - 44:05 (03:19)
Summary
The idea of licensing a brand to international partners may be a good strategy for expanding a US-based business to international markets. This strategy is often used in franchising and may prove effective in reaching European markets.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
A tech person who worked at one of the big companies developed a trending tool that gained millions of hits, but ultimately had to be shut down due to concerns from their employer.
44:05 - 47:29 (03:23)
Summary
A tech person who worked at one of the big companies developed a trending tool that gained millions of hits, but ultimately had to be shut down due to concerns from their employer. The tool was also copied verbatim by people in Russia and Mexico without permission.
Episode#166 - Why a Sudoku Company Sold for $640m, "Opendoor for X" & Franchising Tech Companies
PodcastMy First Million
The Q&A episode was unexpectedly good, possibly even better than the actual episode.
47:31 - 48:42 (01:11)
Summary
The Q&A episode was unexpectedly good, possibly even better than the actual episode.