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#197May 13, 20211:10:27

#181 - How Virtual Horses are Making Millions, A Potential 9-Fig…

About This Episode

Sam Parr and Shaan Puri discuss the explosive growth of niche platforms like Zed Run for digital horse racing and Polymarket for decentralized betting. They explore the effectiveness of user-generated content in advertising via BeeRoll and share organizational philosophies on persistence, including the concept of 'lead bullets' versus 'silver bullets.'

Episode Description

Virtual horse racing? That's right Shaan (@ShaanVP) and Sam (@TheSamParr) break down a virtual horse racing company doing millions. The company is so hot right now, Sam even tried investing but wasn't able to. They also talk about a company delivering testosterone right to your doorstep. We've talked about this business before, and Shaan even said it was one of the best ideas we've had on the pod. We also cover BeeRoll (Shaan thinks this can become a 9-figure company), Polymarket, and a bunch of growth tactics at the very end. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. ---------

Show Notes

  • * (3:04) The company delivering testosterone to your door
  • * (13:58) Making millions from virtual horses?
  • * (28:38) How BeeRoll is turning regular people into micro-influencers
  • * (43:18) How to bet on anything
  • * (52:23) Updates on the podcast

Key Takeaways

1

Prioritize building businesses with a positive flywheel effect, where every additional user or driver makes the service more valuable and defensible for existing customers.

2

Utilize 'user-generated content' (UGC) for social media advertising, as authentic-looking videos filmed on smartphones often outperform high-production studio commercials.

3

Adopt the mindset of 'impatience with action, patience with results' to navigate the long period of effort required before a business starts to compound significantly.

Business Ideas Mentioned

Niche Service Marketplaces from Fiverr Data

Marketplace

The Business Headache Directory

Content & Media

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Guest Graveyard Mentions

MFS

Mayor Francis Suarez

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Quick Stats

Duration1:10:27
Guests0
Ideas Discussed2
Topics0