Tech Startup Ideas for the Farmer Economy
About This Episode
Shaan discusses his recent trip to FarmCon, revealing the massive scale and financial sophistication of the agricultural industry often overlooked by the tech world. The hosts brainstorm several business opportunities within the 'farmer economy,' including fintech for agriculture and fractional ownership for rural collectibles, while also exploring the mechanics of building professional credibility.
Episode Description
Show Notes
- 00:18- Should babies pick their own name?
- 02:50- Shaan gets Covid
- 08:22- How to have Slack meetings
- 10:15- FarmCon and business ideas for the farm economy
- 51:20- How to create personal brand equity
- 59:00- Sam's short term rental crew
- 01:01:15- Steady.capital
- 01:06:22- American Kingpin
- 01:11:50- Announcing the winner of the clips contest
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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
Attend non-industry 'weird' conferences to escape echo chambers and discover high-margin business opportunities in massive, traditional sectors like agriculture.
Build 'credibility equity' by consistently sharing high-quality, original thoughts publicly and networking one-on-one with high-reputation individuals to inherit their trust.
Target 'boring' but high-cash-flow markets with modern fintech and automation tools, as these sectors often rely on outdated manual processes despite moving millions in revenue.
Business Ideas Mentioned
Automated Agricultural Risk Management Platform
SaaS
Fractional Ownership for Middle American Memorabilia
Marketplace
Digital Banking and Credit for Farmers
SaaS
Precision Agriculture and Farm Automation Tools
AI & Automation
Agricultural Succession and Estate Planning Service
Boring Business