#74 - The $72B Chinese startup you’ve never heard of, a mysterio…
About This Episode
Sam and Shaan discuss the second-order effects of COVID-19, exploring how industries like RV rentals and home offices are booming while traditional theaters and gyms struggle. They also deep-dive into the 'boring business' success of Mark Leonard's Constellation Software and brainstorm ways to bring Chinese social-shopping models to the West.
Episode Description
Key Takeaways
Identify 'second-order effects' of major events to find hidden business opportunities, such as healthcare for gig workers or specialized home-office furniture.
Vertical market software (VMS) is an incredibly resilient business model because it solves specific industry problems that customers are unlikely to churn from.
Social shopping and group buying can significantly lower customer acquisition costs (CAC) by turning current customers into a de-facto sales team through incentivized sharing.
Business Ideas Mentioned
Digital Faith and Religious Streaming Platform
Content & Media
Social Group Buying Shopify Plugin
SaaS
Marketplace for Shared Professional Services
Marketplace