The Reddit Revolt, Turpentine, & Shaan's Latest Business Venture
About This Episode
Sam and Shaan discuss the massive Reddit moderator revolt and the business implications of the platform's API pricing changes. They also analyze Eric Thornburg's new tech podcast network, Turpentine, and Shaan reveals his latest personal investment in Support Shepherd, a business focused on international hiring for specialized roles.
Episode Description
Show Notes
Links
- * Reddark
- * Spezless
- * Turpentine
- * Aging Media Network
- * Shepherd
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- -----
- 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
Check Out Shaan's Stuff
- * Power Writing Course
- * Daily Newsletter
Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
- ----
Key Takeaways
When a platform faces a user revolt, entrepreneurs can execute a 'vampire attack' by launching a functionally identical clone that shifts governance or revenue to the aggrieved power users.
Niche B2B media companies focused on 'boring' industries like senior care can generate millions in profit with low traffic by prioritizing high-intent lead generation over mass-market scale.
Building a profitable 'holdco' or business often requires shifting from high-burn US teams to high-skilled international talent in regions like the Philippines to maintain margins exceeding 50%.
Business Ideas Mentioned
Spezless: The Non-Profit Reddit Alternative
Content & Media
Niche B2B Lead-Gen Media Networks
Boring Business