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#290December 14, 20211:09:03

The Company You Would Build If You Had the Time, the $5M Questio…

About This Episode

Sam and Shaan explore the massive profitability of content empires, suggesting that high-level creators should build theatrical IP like Hamilton to scale beyond their own physical presence. They also introduce the concept of FUDware—products sold based on fear, uncertainty, and doubt—and brainstorm niche businesses around international gifting and specialized labor markets.

Episode Description

Sam Parr (@theSamParr) and Shaan Puri (@ShaanVP) discuss the business model of touring and creating live shows, how Andrew Lloyd Webber became a billionaire, what they would do if they knew they would make $5M no matter what, EMF protected pants, and more.  _____ * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Would you like to participate in our clips contest? Earn up to $10k by remixing My First Million episodes. To learn more, go to mfmpod.com/clips. * Want to win an hour of time with Sam and Shaan? Tap here to enter the contest. * Want more insights like MFM? Check out Shaan's newsletter. * Click here to find out if you won $1,000 from the review giveaway: https://youtu.be/xsaO0H-0wg0 * If you won, please contact bwilson@hubspot.com _____

Show Notes

  • 00:20- Sam threw up at a waterpark
  • 02:55- YouTube creators for kids
  • 9:50- The business model of touring
  • 18:20- Creating a Y Combinator of content
  • 22:12- The company you would build if you had the energy and the time
  • 25:30- Starting a company based on who you want to employ
  • 31:15- VR therapy
  • 36:30- What would you do with $5M per year?
  • 41:30- Sending gifts internationally to business partners
  • 55:20- The man pretending to be Satoshi

Check Out Shaan's newsletter. * Click here to find out if you won $1,000 from the review giveaway

Key Takeaways

1

Leverage Broadway-style business models to create enduring IP that generates revenue through touring casts without requiring the celebrity founder's constant participation.

2

Build businesses around specific underutilized workforces, such as stay-at-home moms or military spouses, to create both economic value and a strong company mission.

3

Capitalize on the FUDware trend by developing products that solve modern anxieties, such as radiation-blocking apparel or advanced water filtration systems.

Business Ideas Mentioned

Hamilton for Specific Demographics

Content & Media

Y-Combinator for Content Creators

Creator Tools

Localized International Gifting Platform

E-commerce

FUDware Radiation Protection Apparel

E-commerce

TikTok Style Job Board for Teens

Marketplace

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Quick Stats

Duration1:09:03
Guests0
Ideas Discussed5
Topics0