Are the Olympics a Waste of Time?, The Tinder Swindler, Paper Cu…
About This Episode
Shaan and Sam discuss the merit of the Olympics, debating whether extreme athletic specialization is an example of 'optimizing for nothing' or a necessary cultural spectacle. They explore frameworks for customer satisfaction like the '12-star experience' and identify 'paper cut' business opportunities—small, frequent annoyances that can be solved with simple software. The episode also analyzes high-ticket consulting models and the psychology of price sensitivity as one's net worth increases.
Episode Description
Show Notes
Links
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- * The Tinder Swindler:
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- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
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- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Key Takeaways
Identify 'paper cut' problems—small, repetitive daily annoyances like document navigation or color matching—as they often represent stable, high-margin SaaS opportunities.
Utilize the '12-star experience' thought exercise to brainstorm impossible levels of customer service, which helps identify high-value features that can be realistically implemented.
Adopt the 0.01% rule to determine personal price sensitivity thresholds, allowing you to ignore costs below a certain percentage of your net worth to save mental energy for high-leverage decisions.
Business Ideas Mentioned
Simplified Internal Shortcut Links for Startups
SaaS
Psychological Financial Therapy for High Achievers
Agency
Optimized Universal Clipboard Manager
SaaS