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#587January 1, 20241:07:16

3 Blue Collar Side Hustle Ideas From A $40M Founder

About This Episode

Serial entrepreneur Sam Rattner joins the pod to discuss his journey of selling a sports betting startup for $40 million at age 23 and his current venture, Showroom. The conversation focuses on finding high-margin opportunities in unglamorous 'blue collar' sectors, including riverboat casinos, vending machine routes in rural Idaho, and water taxi services.

Episode Description

Episode 536: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk to Sam Rattner about selling his first company for $40M in just 18 months and the blue collar side hustles Sam is investing his cash in.  No more small boy spreadsheets, build your business on the free HubSpot CRM: https://mfmpod.link/hrd

Show Notes

  • 0:00Intro
  • 4:30Door-to-door snow plowing
  • 7:00$40M in 18 months
  • 14:30Riverboat casinos
  • 25:30Vending machine mafia
  • 34:00$5b UberWater
  • 43:00Shaan's blue collar fellowship
  • 47:30A better Google Shopping
  • 52:30Never pitch twice
  • 1:00:00The value is in the duck calls

Key Takeaways

1

Prioritize vertical search opportunities over general search because high-intent platforms (like cars.com) capture buyers far more effectively than broad platforms like Google Shopping.

2

Investigate 'duck call' businesses—niche, complex ecosystems that are often overlooked by tech founders but possess extremely loyal and high-paying customer bases.

3

Perform aggressive physical due diligence, such as flying to remote locations or interviewing long-term employees, to uncover operational inefficiencies that can be solved with modern technology.

Business Ideas Mentioned

The Blue Collar Thiel Fellowship

Acquisitions

National Water Taxi Transportation Network

Marketplace

Hybrid College Venue Management

Real Estate

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Quick Stats

Duration1:07:16
Guests1
Ideas Discussed3
Topics5