#141: The 2020 MFM Award Show
About This Episode
In this special annual award show episode known as 'The Millies,' hosts Sam Parr and Shaan Puri are joined by Andrew Wilkinson to review the biggest business wins and losses of 2020. They discuss billionaire 'Billies of the Year,' breakout companies like Zoom and Moderna, and debate the future of remote work and digital assets.
Episode Description
Key Takeaways
Look for 'second-order consequence' businesses that benefit from major shifts, such as home fitness brands like Rogue Fitness thriving during gym closures.
Evaluate assets like Bitcoin through the lens of 'network effects' where the value of the network grows exponentially relative to user adoption and institutional trust.
Maximize returns by 'selling pickaxes' to specific industries, such as investing in payment infrastructure (Stripe) or exchanges (Coinbase) instead of individual high-risk startups.
Business Ideas Mentioned
Always-On AirPod Walkie-Talkie
SaaS
Failed Startup Asset Acquisitions
Acquisitions
Live Interactive Video E-commerce
E-commerce