Steph Smith: Jobs of the Future, Fractional Real Estate, Mouth…
About This Episode
Hosts Sam and Shaan are joined by recurring guest Steph Smith to explore emerging trends like fractional real estate and the changing landscape of employment. The group discusses regulatory shifts in healthcare and transparency laws that create new market gaps, alongside a deep dive into the 'jobs of the future' created by AI and automation.
Episode Description
Show Notes
- 00:40- Shaan and Sam's disclaimers
- 04:25- Background on Steph Smith
- 11:40- Is a16z smarter than anywhere else you have worked?
- 13:35- Fractional real estate
- 20:50- Pay Transparency
- 24:55- OTC Hearing Aids
- 29:15- Steph's List: Jobs of the Future
- 54:30- Mouth Tape
- 56:15- Lupini Beans
- 59:30- Advent Calendars
- -----
- 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.
- ----
- 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
Links
- * Steph Smith
- * a16z podcast
- * How To Be Great? Steph Smith blogpost
- * Immersive Temple Instagram
- * Rage Rooms Google Trends
- * Raleigh Williams Twitter
- * Salary Transparent Street
- * The Five Dysfunctions of a Team
- * Eden Data
- * Hostage Tape
- * Lupini Beans Google Trends
- * Cool advent calendars
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- -----
Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
Check Out Shaan's Stuff
- * Power Writing Course
- * Daily Newsletter
- ----
Key Takeaways
Look for 'regulatory inflections'—law changes like the FDA's shift on over-the-counter hearing aids—to identify markets ripe for disruption before competition floods in.
Repurpose underutilized physical assets by matching businesses with opposite peak hours, such as using nightclubs for daytime yoga or rage rooms.
Hire an automation expert early in a company's lifecycle to ensure the business scales through software and systems rather than just increasing headcount.
Business Ideas Mentioned
Daytime Repurposing of Nightclubs
Real Estate
Personal Digital Security Audit Agency
Agency
Fractional Automation Expert Service
AI & Automation
High-End Curated Advent Calendars
E-commerce
Niche Salary Transparency Databases
SaaS