Back to Episodes
#148December 23, 20201:00:58

#139 - The Rise of "Clout" Kitchens, Why Martin Shkreli is a Roc…

About This Episode

Sam and Shaan discuss the explosive launch of MrBeast Burgers and the 'Clout Kitchen' business model where influencers leverage existing restaurant infrastructure to scale virtual brands overnight. They also analyze the $105 million acquisition of personal finance blog The Penny Hoarder and explore the marketing strategies of polarizing figures like Martin Shkreli and Elon Musk.

Episode Description

Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) discuss: - 00:30 Is it better to rent and invest your money elsewhere? - 05:32 Penny Hoarder acquired for over $100m - 09:20 MrBeast Burger and clout kitchens - 17:01 Guthy-Renker and the lucrative world of direct-mail - 20:57 Will mom and pop restaurants become cloud kitchens? - 25:25 The guys chat Martin Shkreli stories - 38:13 Elon Musk buying $100B in Bitcoin? - 42:44 Shaan discusses ending his newsletter - 47:47 The guys discuss how they track their finances 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

Scale influencer-led brands rapidly by using virtual kitchen platforms that fulfill orders through existing restaurants rather than building new physical locations.

2

Build a 'cult following' for a niche product by creating a dedicated forum where users with shared, difficult goals can trade specific tips and commiserate on their progress.

3

Implement 'troll marketing' to drive massive organic reach by taking bold, public, and often controversial stances that force mainstream media to cover the brand.

Business Ideas Mentioned

Influencer-Branded Virtual Food Chains

Marketplace

Seasonal Luxury Real Estate Arbitrage

Real Estate

Revenue-Gated Creator Mastermind Communities

Content & Media

View all ideas

Share Episode

Quick Stats

Duration1:00:58
Guests0
Ideas Discussed3
Topics0