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#252September 1, 20211:16:50

#215 - What Venture Capital Will Look Like in the Future

About This Episode

Sam and Shaan discuss unique business models including synthetic data for software testing and the high-margin world of e-commerce liquidation. They also profile billionaire Harold Alfond's philanthropic initiatives and explore the evolving landscape of venture capital, specifically focusing on Tiger Global's aggressive deployment strategy and the rise of service-based investment firms.

Episode Description

In this episode Shaan (@ShaanVP) and Sam (@theSamParr) predict what venture capital will look like in the future. Shaan breaks down the different ways someone can win as a VC and also explains how SPACs work. The guys also talk about a company providing dummy data, the allure of a recruiting agency, and we learn about Harold Alfond - this week's billy of the week. --------- * 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

  • * (3:30) Sam's book of the week
  • * (9:58) Tonic Fake Data
  • * (17:18) Recruiting as a solopreneur
  • * (21:10) Amazon liquidation
  • * (31:22) Sam's Costco return story
  • * (34:24) Shaan's Halloween costume rule
  • * (37:09) Billy of the week - Harold Alfond
  • * (48:18) Charitable donations
  • * (57:15) The future of venture capital
  • * (63:03) How SPACs work
  • * (70:22) The ways to win as a VC
  • * (74:53) The $200 million dollar graffiti artist

Key Takeaways

1

Synthetic data is a massive growth niche that allows companies to test software systems using realistic dummy data without compromising user privacy or violating GDPR.

2

The 'effective, not cute' rule for copywriting and business operations suggests that functionality and conversion should always be prioritized over cleverness or aesthetics.

3

Venture capital is shifting toward 'Venture Services' where firms provide specific high-value skills like regulatory navigation or design in exchange for equity, rather than just capital.

Business Ideas Mentioned

E-commerce Return Liquidation Warehouse

Boring Business

Tech Sales Career Placement Agency

Agency

Venture Services for Regulation and Policy

Agency

View all ideas

Featuring

Hosts

SP

Sam Parr

Host

SP

Shaan Puri

Host

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Quick Stats

Duration1:16:50
Guests0
Ideas Discussed3
Topics0