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#76May 13, 202055:00

#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

Today's ep is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Sam (@thesamparr) and Shaan (@shaanvp) are back this week to chat about Second order effects of covid-19 - find here: https://docs.google.com/document/d/17YkH4kc63t7JI7JJZR6i3-iebJd7kfRAzAK_ssl8bt4/edit?usp=sharing (1:04), RV rentals / Glamping (14:21), Art collections (22:54), Billionaire of the week: Mark Leonard of Constellation Software (27:57), Balance between prudent and excitement (38:04) and Group buying unlocking discounts (43:24).  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Identify 'second-order effects' of major events to find hidden business opportunities, such as healthcare for gig workers or specialized home-office furniture.

2

Vertical market software (VMS) is an incredibly resilient business model because it solves specific industry problems that customers are unlikely to churn from.

3

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

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Quick Stats

Duration55:00
Guests0
Ideas Discussed3
Topics0