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#126October 21, 20201:01:21

#121 - So You Made $100m...Now What?

About This Episode

Sam and Shaan discuss the explosive growth of virtual event platform Hopin, highlighting why market demand is more critical for success than product polish. They brainstorm opportunities in digital trade shows and creator-focused financial services before concluding with a philosophical debate on life after financial independence. The episode emphasizes the difference between playing finite games for an outcome versus infinite games for the sake of the process.

Episode Description

Shaan Puri (@ShaanVP) and Sam Parr (@theSamPar) are back on the today without a guest. On today’s episode you’ll hear: Sam and Shaan debate the merits and opportunities with Hopin and other digital event apps (7:25) How to make trade shows better with a lesson from Alibaba (14:10), Shaan explores a few different companies that are doing financial services for creators (31:00), Shaan and Sam riff on a hypothetical chrome extension to see what influencers are buying (34:25), how to “diverge and converge” for better brainstorming and design thinking (42:35), the guys try to come with answers for the existential question, if you already had all the money you’re working for, what would you do? (51:35). Big thank you to Azoras for sponsoring this episode! Follow them on YouTube at https://www.youtube.com/azoras. 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

Market pull is more powerful than product quality; a 'shitty' product in a desperate market will grow faster than a perfect product in a stagnant one.

2

Trade shows are fundamentally about transaction liquidity, and there is a multi-billion dollar opportunity to build a digital platform that facilitates B2B buying and selling virtually.

3

To find long-term happiness in business, focus on playing 'infinite games'—pursuits you would continue even if you already had $100 million in the bank.

Business Ideas Mentioned

Digital Platform for B2B Trade Shows

SaaS

Influencer-Curated Gear Starter Boxes

E-commerce

Financial Services for Digital Creators

Creator Tools

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Quick Stats

Duration1:01:21
Guests0
Ideas Discussed3
Topics0