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#129October 30, 202059:58

#124 - From Fantasy Stock Betting to Milk Bombs: Generating Idea…

About This Episode

Shaan Puri and guest Elaine Zelby brainstorm several high-potential business ideas ranging from health tech to physical consumer goods. They explore the potential for 'functional milk bombs,' real estate arbitrage for coworking, and the gamification of stock market investing for Gen Z.

Episode Description

Shaan Puri (@ShaanVP) hosts the pod solo with special guest Elaine Zelby (@ezelby). Elaine has a background in mechanical engineering but also worked at Slack and is now part of a VC group. On today’s episode you’ll hear: Elaine gives her background and how she came into the VC space (1:45), Elaine breaks down a new twist on cowering. Something she calls “Coworking 2.0” (3:35), Shaan pitches a new way to use nightclubs during their ofttimes (9:20), Elaine has a fresh take on credit cards for fans (12:20), Elaine explains why she is bullish on continuous cortisol monitoring (20:35), Elaine and Shaan brainstorm a fun take on “stock betting” (26:20), Elaine and Shaan go really deep on functional milks (32:50), How to automate re-zoning and permitting for real estate (40:14), Shaan breaks down a recent pitch he received of app-dating with only audio (47:40). Thank you to our partners this episode: Podium! Podium is an all-in-one SaaS tool that helps your business get reviews. Go to podium.com/mfm for 20% off and a $150 Amazon gift card. 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

Identify 'low NPS' (Net Promoter Score) administrative processes, like real estate zoning or DMV visits, and build an abstraction layer to remove the 'schlep' for a fee.

2

Leverage 'space-time arbitrage' by using commercial properties during their off-hours, such as turning nightclubs into morning fitness studios or breakfast spots into evening ghost kitchens.

3

Design consumer products for 'Real-World Virality' by making them visual and experiential, such as a milk bomb that fizzes and changes the color of coffee.

Business Ideas Mentioned

Suburban Coworking in Bank Branches

Real Estate

Nightclub Fitness Studio Conversion

Marketplace

Continuous Cortisol Monitoring Device

AI & Automation

Social Fantasy Stock Betting App

SaaS

Functional Milk Bomb Subscription

E-commerce

Automated Real Estate Permitting Platform

Boring Business

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Quick Stats

Duration59:58
Guests1
Ideas Discussed6
Topics5