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#144December 11, 20201:07:44

#136 with Jack Smith - Trading Cards and Collectables: A Deep Di…

About This Episode

Co-founder of Vungle, Jack Smith, joins Sam and Shaan to discuss his obsession with the collectibles market and alternative assets. They analyze the business models of platforms like Rally Road, Otis, and Masterworks, exploring how fractional ownership and gamification are transforming high-value physical goods into liquid investment classes.

Episode Description

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) are joined by Jack Smith (@_jacksmith). They discuss: - (0:59) Introduction to Jack Smith - (7:04) Jack introduces the world of collectible card investing - (14:40) What is Rally Rd - (23:29) How to make money lending against trading cards - (32:52) Collecting NBA moments? - (37:00) The opportunities in trading cards - (47:00) The massive size of eBay's collectible business - (49:00) Shaan hears from a sketchy entrepreneur and they discuss cards as ETF 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.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Identify nascent platforms with low competition to find arbitrage opportunities and establish yourself as a power user before the market matures.

2

Use 'liquidity compression' by limiting trading to specific windows to create artificial scarcity and FOMO in low-volume marketplaces.

3

The 'Kingmaker' strategy involves controlling the grading and certification of assets, creating a massive moat based on decades of trust and reputation.

Business Ideas Mentioned

AI Powered Trading Card Grader

AI & Automation

Alternative Asset Index ETF

Boring Business

Twitch Streamer Income Share Accelerator

Creator Tools

Collectibles Content and Storytelling Agency

Content & Media

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Quick Stats

Duration1:07:44
Guests1
Ideas Discussed4
Topics4