Episode
#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
1:07:39
Published: Fri Dec 11 2020
Description
Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) are joined by Jack Smith (@_jacksmith). They discuss: - (0:59) Introduction to Jack Smith - (7:04) Jack introduces the world of collectible card investing - (14:40) What is Rally Rd - (23:29) How to make money lending against trading cards - (32:52) Collecting NBA moments? - (37:00) The opportunities in trading cards - (47:00) The massive size of eBay's collectible business - (49:00) Shaan hears from a sketchy entrepreneur and they discuss cards as ETF Thank you to our sponsor this episode, Flatfile! Spend less time on Excel and more time building your business by easily importing data using Flatfile. Check them out at flatfile.io/hustle. Have you 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. See acast.com/privacy for privacy and opt-out information.
Chapters
The founder of Vungle, Jack Smith, sold his productivity software company to Blackstone for $750 million in cash.
00:00 - 01:42 (01:42)
Summary
The founder of Vungle, Jack Smith, sold his productivity software company to Blackstone for $750 million in cash. He discusses the software's benefits and his experience with starting another company called Ship, which ultimately failed, but offered valuable lessons.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Sandwich Video, the agency behind Dollar Shave Club's launch video, created a humorous and entertaining advertisement that successfully conveyed the company's story and attracted a large number of customers.
01:42 - 05:05 (03:23)
Summary
Sandwich Video, the agency behind Dollar Shave Club's launch video, created a humorous and entertaining advertisement that successfully conveyed the company's story and attracted a large number of customers. The video campaign was an early success story for the agency and helped to launch many other successful ad campaigns.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Sean Li shares his experience of being an active member in Product Hunt while being a successful businessman, highlighting the importance of networking and how it helped him become a startup investor.
05:05 - 11:11 (06:06)
Summary
Sean Li shares his experience of being an active member in Product Hunt while being a successful businessman, highlighting the importance of networking and how it helped him become a startup investor.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The speaker reflects on their experience investing in collectibles such as Babe Ruth baseball cards and Harry Potter first editions, which involves a drop similar to an IPO where the asset is locked up for three months, and shares the challenges of valuing and selling these collectibles.
11:11 - 15:32 (04:21)
Summary
The speaker reflects on their experience investing in collectibles such as Babe Ruth baseball cards and Harry Potter first editions, which involves a drop similar to an IPO where the asset is locked up for three months, and shares the challenges of valuing and selling these collectibles.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Jack talks about how gamification can be a smart strategy for marketplaces to overcome poor liquidity at early stages and create more supply and demand through compressed timelines.
15:33 - 20:34 (05:01)
Summary
Jack talks about how gamification can be a smart strategy for marketplaces to overcome poor liquidity at early stages and create more supply and demand through compressed timelines.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The speaker discusses alternative lending and investment platforms that base loans and investments on collections and assets instead of credit score or financial history.
20:34 - 24:27 (03:52)
Summary
The speaker discusses alternative lending and investment platforms that base loans and investments on collections and assets instead of credit score or financial history.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Rally Road and Mythic Markets are two investment platforms that allow individuals to invest in unique assets and collectibles, such as historical artifacts and rare trading cards.
24:27 - 28:19 (03:51)
Summary
Rally Road and Mythic Markets are two investment platforms that allow individuals to invest in unique assets and collectibles, such as historical artifacts and rare trading cards.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The development of crypto collectibles started with CryptoKitties, a collectible of different types of digital cats.
28:19 - 30:42 (02:23)
Summary
The development of crypto collectibles started with CryptoKitties, a collectible of different types of digital cats. It raised concerns about its value and the future of the collectibles market.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Jesse Craig discusses the grading and authentication process for basketball memorabilia and how his company, PWCC, is working to make the process more accessible for collectors.
30:43 - 34:26 (03:43)
Summary
Jesse Craig discusses the grading and authentication process for basketball memorabilia and how his company, PWCC, is working to make the process more accessible for collectors.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
A new trend in live streaming sees people recording themselves opening FIFA packs in real-time.
34:26 - 37:00 (02:34)
Summary
A new trend in live streaming sees people recording themselves opening FIFA packs in real-time. The trend is mainly driven by microtransactions within the game, prompting many to seek donations from viewers to buy higher-level packs.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The possibility of athletes taking bribes for betting money has been around for a long time.
37:00 - 40:51 (03:50)
Summary
The possibility of athletes taking bribes for betting money has been around for a long time. With the rise of cryptocurrencies, it might become easier for gamblers to bribe players without being detected.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
USPS now offers a cheaper and guaranteed mailing option for trading cards that are valued at $20 or less, which is significant for collectors of items like Pokemon cards and baseball cards.
40:51 - 44:54 (04:03)
Summary
USPS now offers a cheaper and guaranteed mailing option for trading cards that are valued at $20 or less, which is significant for collectors of items like Pokemon cards and baseball cards. This new option could potentially result in people manipulating the market due to insufficient volume.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The idea of investing in known entities is a smart one, allowing individuals to invest without needing to understand all the science behind the investment.
44:54 - 48:34 (03:39)
Summary
The idea of investing in known entities is a smart one, allowing individuals to invest without needing to understand all the science behind the investment.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The popularity of e-sports has made YouTube and Twitch streamers more well-known than actual e-sports players.
48:34 - 54:22 (05:47)
Summary
The popularity of e-sports has made YouTube and Twitch streamers more well-known than actual e-sports players. This crossover has led to an increased interest in card collections, particularly basketball cards.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
A whale investor discusses the potential of alternative asset investing and how he sees media companies and investment platforms partnering in the future.
54:22 - 59:21 (04:59)
Summary
A whale investor discusses the potential of alternative asset investing and how he sees media companies and investment platforms partnering in the future.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The recommendation for beginners, by Jack, is to convert small luxuries into investment opportunities, like buying Bitcoin instead of a daily coffee.
59:22 - 1:05:07 (05:45)
Summary
The recommendation for beginners, by Jack, is to convert small luxuries into investment opportunities, like buying Bitcoin instead of a daily coffee.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
Two executives at Wealthfront, one in engineering and the other in design, discuss their experiences working for the company and the importance of ergonomic chairs while working from home.
1:05:08 - 1:07:15 (02:07)
Summary
Two executives at Wealthfront, one in engineering and the other in design, discuss their experiences working for the company and the importance of ergonomic chairs while working from home.
Episode#136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
PodcastMy First Million
The speaker mentions that they cannot speak about SPACs at the moment and urges for a follow-up discussion in three months.
1:07:15 - 1:07:37 (00:21)
Summary
The speaker mentions that they cannot speak about SPACs at the moment and urges for a follow-up discussion in three months. The conversation ends with a wrap-up and a thank you to Jack for participating.