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#112September 7, 20201:28:11

#108 with Ben Gilbert and David Rosenthal - Brainstorming with t…

About This Episode

Shaan Puri hosts Ben Gilbert and David Rosenthal from the Acquired podcast to brainstorm business ideas and discuss the transition from venture capital to cash-flow entrepreneurship. The episode features a detailed breakdown of Shaan's journey buying back the social network Bebo for $1 million and eventually selling it to Twitch by aligning the company's tech and talent with the buyer's strategic priorities.

Episode Description

Shaan Puri (@ShaanVP) hosts the pod today with guests Ben Gilbert (@gilbert) and David Rosenthal (djrosent) from the Aquired podcast (@acquiredfm). In today’s episode you’ll hear: Shaan asks Ben and David to give some background on themselves and the Acquired podcast (0:30), Shaan gives four personalities that every company needs to succeed (11:00), the Acquired guys pitch an idea for an Airbnb that says whether or not the location has wifi (18:00), the Acquired guys talk about making your own stock index (29:10), Shaan talks about putting solar panels into space and beaming energy back down to earth (39:00), the guys talk about different ways to mitigate tax liability (48:10), the Acquired guys asks Shaan to tell the story of Bebo (62:10). This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. 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.

Key Takeaways

1

Utilize the EPAI framework (Entrepreneur, Producer, Administrator, Integrator) to identify the specific personality types needed at different stages of a company's growth and to find the right partners.

2

When selling a business, identify the buyer's top strategic priorities and internal gaps to position your product as a 'plug-and-play' solution rather than just a talent acquisition.

3

Leverage favorable financing like SBA loans to buy profitable, 'boring' businesses with as little as 5-10% down, effectively using the business's own cash flow to pay for the acquisition.

Business Ideas Mentioned

Waze for Verified Airbnb Wi-Fi

SaaS

SPAC Index and News Platform

Content & Media

Solar Installation Marketplace for Tax Credits

Marketplace

E-commerce Specialized Business Insurance

Boring Business

AngelList for Private Equity Baskets

Marketplace

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Quick Stats

Duration1:28:11
Guests1
Ideas Discussed5
Topics5