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#87June 24, 202052:57

#85 - Why Privacy is Big Business and the Multi-Million Dollar I…

About This Episode

Sam and Shaan explore the growing business of privacy, using DuckDuckGo's success and potential hardware VPN solutions as primary examples. They also brainstorm 'hidden in plain sight' business models, ranging from tax-advantaged solar installations for schools to the resale of unclaimed airline baggage. The conversation concludes with a philosophical debate on the fulfillment found in being a 'builder' versus a capital 'allocator.'

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. Episode summary: Privacy Based Businesses (14:20) Opportunities “Hidden in Plain Sight” (18:29) Unclaimed Baggage unclaimedbaggage.com (22:50) “Costco for services” idea (28:55), Income Share Agreements (37:00) Simple websites doing $100k/mo (39:10) Sam and Shaan get a little philosophical about if you should spend time investing or building (44:40)  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Privacy is shifting from a niche concern to a mainstream value proposition for global, high-intent products like search engines and email.

2

Billion-dollar opportunities exist in 'unsexy' sectors by identifying government-mandated inefficiencies or items that are 'orphaned' by large corporations, like unclaimed luggage.

3

For entrepreneurs with limited capital, investing in one's own business 'shots on goal' provides significantly higher upside and learning than optimizing small stock market returns.

Business Ideas Mentioned

Privacy-First VPN Mesh Wi-Fi Router

Boring Business

Solar Tax-Credit Matching Marketplace

Marketplace

Government Median Turf Replacement Service

Boring Business

Group Buying Platform for SaaS

Marketplace

View all ideas

Guest Graveyard Mentions

SP

Sarah Parr

SP

Sonya Puri

RV

Robin Vanderheiden

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Quick Stats

Duration52:57
Guests0
Ideas Discussed4
Topics0