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#228July 9, 20211:05:32

#198 - How to Build a Unicorn around the NCAA Reg Changes

About This Episode

Sam Parr and Shaan Puri discuss the massive business opportunities emerging from the NCAA's Name, Image, and Likeness (NIL) rule changes. They explore how entrepreneurs can capitalize on regulatory inflection points and the strategy of white-labeling advanced software used by giant corporations for small businesses.

Episode Description

Sam (@TheSamParr) and Shaan (@ShaanVP) break down opportunities created by the NCAA regulation changes. One of those ideas Sam said was the best he's heard in months. They also talk about Sam's road trip adventure to New York. The guys finish the episode brainstorming ideas ranging from an internal search engine for company documents to Zapier for sounds to referral programs. --------- * 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

  • * (:54) Intro
  • * (1:47) Sam's Nightmare Trip to NYC
  • * (7:19) Opportunities for healthy eating on the go
  • * (11:17) The Roaring 2020's
  • * (13:04) NCAA Athlete Opportunities
  • * (20:29) Inflections
  • * (25:27) Stanwith.me
  • * (32:59) A company document search engine
  • * (39:41) Zapier for sounds
  • * (53:58) Loyalty and referral programs
  • * (1:01:37) The benefits of not using custom software

Key Takeaways

1

Identify regulatory or technological 'inflection points' to find market opportunities that open up overnight, such as NIL compliance or telemedicine.

2

Target the 'system of record' in new industries by building the backend reporting and compliance infrastructure that participants are legally required to use.

3

Adopt the 'Arm the Rebels' model by taking proprietary software concepts from industry giants and providing them as white-label services to small businesses.

Business Ideas Mentioned

NCAA NIL Compliance and Reporting Tool

SaaS

Zapier for Business Sounds

SaaS

White Labeled Paywall for Media

SaaS

View all ideas

Guest Graveyard Mentions

JP

Jesse Pujji

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Featuring

Hosts

SP

Sam Parr

Host

SP

Shaan Puri

Host

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Quick Stats

Duration1:05:32
Guests0
Ideas Discussed3
Topics0