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#82June 3, 202053:47

#80 - The Guide on Generating Startup Ideas

About This Episode

Shaan and Sam break down frameworks for generating high-potential startup ideas, drawing from Sam Altman's insights on tectonic shifts and their own 'idea flux' methods. They brainstorm several niche opportunities in fintech and food logistics while sharing personal reflections on the future of urban living and social unrest in America.

Episode Description

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. Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) kick around a several new business models, and then they break down frameworks for how the best founders develop and source startup ideas.. The second half of the show is also Shaan and Sam talking through current events. Today's topic include: Shaan and Sam talk about gaming credit card points (0:16), Shaan brainstorms on a service for creating tax-advantaged foundations for athletes or other high earners (4:00), Sam and Shaan talk about how to come up with ideas (9:00), Shaan describes the “old and new” framework of idea generation (22:00), Sam talks about why he hates courses as a business model (27:00), Sam and Shaan talk through current events.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Identify 'tectonic shifts' in technology or behavior to find opportunities where old solutions no longer work or new solutions have suddenly become possible.

2

Use a 'two-by-two grid' framework to plot new/old problems against new/old solutions to pinpoint novel 'attack vectors' for business ideas.

3

Cultivate 'idea flux' by scheduling a weekly 'cool shit hour' with technical experts who live on the bleeding edge of fields like crypto, AI, or hardware.

Business Ideas Mentioned

Stripe Atlas for Athlete Foundations

Boring Business

Cloud Dessert Upsell Platform

Boring Business

Five Minute Online Home Refinancing

SaaS

Real-time Nutritional Biofeedback Monitors

SaaS

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Quick Stats

Duration53:47
Guests0
Ideas Discussed4
Topics0