#116September 18, 202052:29

#112 - Why Buying Businesses Is Better Than Starting Them and Th…

About This Episode

Shaan Puri compares his experience at Twitch with the startup world, highlighting how large market leaders disproportionately benefit from industry-wide growth. The hosts also discuss the merits of 'fat' startups, the business model of buying versus building companies, and brainstorm new concepts like a standardized incubator for musicians.

Episode Description

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) shoot the wind on today’s pod. In today’s episode you’ll hear: Sam asks Shaan what he’s learned about working at a big company and what he can apply to a smaller company (0:30), Shaan asks Sam about a personnel shuffle at The Hustle (9:00), the guys talk about a Kanye West tweet where he wants to create Y-Combinator for music (11:30), Sam and Shaan debate if a great domain name can make you (22:15), Sam and Shaan talk about the Snowflake IPO (29:55), Shaan shares a crazy conversation with a 20-year old multi-millionaire (37:00), the guys share how they learn from beginners and why you should too (43:10), Shaan talks about Bubble Hotels (48:30). Our sponsor today is lemon.io! They are offering a 15% discount for the first 6 weeks of work for all MFM fans. Go to Lemon.io/mfm to claim the offer! 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

Market selection is the most critical factor for success; a surging market can carry an average team to success, while a stagnant market will hinder even the best founders.

Startups hold a competitive advantage in focus and speed because employees at large corporations often spend up to 60 percent of their time on internal coordination and bureaucracy.

The 'buy vs. build' business model offers a more reliable path to wealth by acquiring profitable, established companies at fair prices using leverage, avoiding the 'startup lottery' risk.

Business Ideas Mentioned

Y Combinator for Music

Creator Tools

Unified Messaging Inbox

SaaS

Scalable Bubble Hotel Chain

Real Estate

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Featuring

Hosts

Sam Parr

Host

Shaan Puri

Host

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Quick Stats

Duration52:29

Guests0

Ideas Discussed3

Topics0