Episode

#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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57:33
Published: Fri Jan 15 2021
Description

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: - Who is Reed Duchscher - How does managing a YouTuber work - Who is MrBeast and how he got so big - Creating empires with celebrities and influencers - What is a "Personal Media Company" - How much did MrBeast Burgers make? - What're the biggest opportunities in management right now? - Why you get into the management business (the access) - What should MrBeast be doing right nowInfluencers in unorthodox spaces - Influencers ran banks - Faceless creators are booming - Shaan thinks Influencers should get into the sleep business 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. Editing thanks to Jonathan Gallegos (@jjonthan)  See acast.com/privacy for privacy and opt-out information.

Chapters
HubSpot CRM is an all-in-one platform designed to help automate tasks, organize customer information and boost sales.
00:00 - 01:20 (01:20)
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HubSpot CRM
Summary

HubSpot CRM is an all-in-one platform designed to help automate tasks, organize customer information and boost sales. It's easy to use and free to get started, making it an ideal choice for growing businesses looking for a cost-effective CRM option.

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#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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My First Million
The speaker discusses the three essential pillars that a digital talent management firm should have to serve creators in the modern age of entertainment.
01:20 - 05:24 (04:04)
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Talent Management
Summary

The speaker discusses the three essential pillars that a digital talent management firm should have to serve creators in the modern age of entertainment.

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The speaker discusses how some people use their influence with a client to gain more benefits and opportunities beyond the original project's completion.
05:24 - 08:19 (02:54)
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Business
Summary

The speaker discusses how some people use their influence with a client to gain more benefits and opportunities beyond the original project's completion.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The conversation highlights the need for management companies to have the creator's best intentions while servicing them.
08:19 - 11:37 (03:18)
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Management Companies
Summary

The conversation highlights the need for management companies to have the creator's best intentions while servicing them. It emphasizes the importance of thinking about servicing new age digital creators to meet their specific needs.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The idea of personal media companies (PMCs) and venture investing are discussed in relation to Joe Rogan, Tim Ferriss, Mr.
11:37 - 18:32 (06:55)
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Personal Media Companies
Summary

The idea of personal media companies (PMCs) and venture investing are discussed in relation to Joe Rogan, Tim Ferriss, Mr. Beast, and others. The episode also features a discussion about giving back to society and creating positive change.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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My First Million
Personal media companies like Mr.
18:32 - 23:06 (04:33)
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Virtual dining
Summary

Personal media companies like Mr. Beast are paving the way for a new way of monetizing through virtual dining. While there are still unknowns, the sheer volume of sales and positive feedback suggest that it may become a major aspect of creator businesses in the future.

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#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The potential monetization of college sports content could result in a flood of college athletes creating content houses, but will require clear rules to avoid violations and the opening of the booster market.
23:06 - 27:17 (04:10)
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College Sports
Summary

The potential monetization of college sports content could result in a flood of college athletes creating content houses, but will require clear rules to avoid violations and the opening of the booster market. Female athletes in lesser-known sports may also have similar opportunities for monetizing their content.

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#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The podcast discusses the challenges that creators face while running a consumer packaged goods business, and highlights that building an agency as a service business can be a stressful and challenging experience.
27:17 - 32:55 (05:38)
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Creator Business
Summary

The podcast discusses the challenges that creators face while running a consumer packaged goods business, and highlights that building an agency as a service business can be a stressful and challenging experience.

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The key to selecting profitable products is finding categories with high margins, repeat purchases, and stickiness among consumers.
32:55 - 39:17 (06:21)
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product selection
Summary

The key to selecting profitable products is finding categories with high margins, repeat purchases, and stickiness among consumers. Consider nostalgic brands like Warheads or invest in your own products.

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#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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Neo banks, like Chime, are incredibly valuable with just one to two million users.
39:17 - 42:52 (03:35)
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Neo banks
Summary

Neo banks, like Chime, are incredibly valuable with just one to two million users. If a creator with an audience in the over 18, higher spending power demographic partners with one of these banks, it could become a very valuable business opportunity.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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My First Million
The speaker discusses the importance of building a strong management team and the operationalization of new businesses in the content space to ensure success.
42:52 - 47:08 (04:16)
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Business
Summary

The speaker discusses the importance of building a strong management team and the operationalization of new businesses in the content space to ensure success. They also mention the rising popularity of faceless creators on platforms such as YouTube and Twitch.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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A discussion around brand spending and investments in industries surrounding faceless creators and virtual influencers, such as YouTube and Instagram.
47:08 - 50:45 (03:36)
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Marketing
Summary

A discussion around brand spending and investments in industries surrounding faceless creators and virtual influencers, such as YouTube and Instagram. Long-form video content is becoming more valuable to brands, prompting them to spend more on YouTube creators over Instagram influencers.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The lack of marketing skills victimizes small indie dev shops, but hypercasual games can engage users and monetize through in-app subscriptions with a low price point.
50:45 - 54:21 (03:35)
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Mobile Games
Summary

The lack of marketing skills victimizes small indie dev shops, but hypercasual games can engage users and monetize through in-app subscriptions with a low price point.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
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The co-founder of Voodoo, Alexandre Yazdi, discusses how he hopes to educate and push forward the creator economy before his inevitable departure from the business, and speaks on a recent pitch for acquiring old mobile games.
54:21 - 57:45 (03:24)
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Creator Economy
Summary

The co-founder of Voodoo, Alexandre Yazdi, discusses how he hopes to educate and push forward the creator economy before his inevitable departure from the business, and speaks on a recent pitch for acquiring old mobile games.

Episode
#145 with Reed Duchscher - MrBeast's Manager Joins the Brainstorm
Podcast
My First Million