#92 - A Three Month Old Company Profiting $90,000 A Day
About This Episode
Sam and Shaan explore the massive profitability of niche industries, from American-made medical masks to high-ticket corporate research firms like CB Insights. They brainstorm several unconventional business models, including talent agents for elite software engineers and a 'software publisher' model for utility apps.
Episode Description
Key Takeaways
A great market is often the most critical factor for a startup's success, potentially outweighing both the quality of the team and the product.
B2B companies like CB Insights capitalize on 'Cover Your Ass' (CYA) culture by providing expensive reports that corporate managers use to justify and de-risk their decisions.
The direct-response marketing industry contains massive, low-profile companies like Golden Hippo that generate billions in sales using long-form copywriting and aggressive media buying.
Business Ideas Mentioned
Software Publisher Model for Utilities
SaaS
Talent Agents for Elite Engineers
Agency
Private Internal Company Social Network
SaaS
Marketplace for Children's Creations
Marketplace