We found an app that lets you buy anything for $0
About This Episode
Shaan and Sam explore South Korea's bizarre 'dopamine apps' and the 'shared scale economies' investment philosophy used by Nick Sleep to identify winners like Costco and Amazon. They also break down the high-margin business of PSA grading and discuss how to apply third-party authentication models to human capital and luxury goods.
Episode Description
Show Notes
Check Out Sam's Stuff
Check Out Shaan's Stuff
- Shaan's weekly email
- Visit
- Mercury - Shaan uses Mercury for banking across all of his companies. you can too:
- Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
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- beehiiv.com/mfm-challenge
Key Takeaways
Build a 'trust tax' business by becoming a third-party arbiter for 'credence goods'—products where the quality is difficult for buyers to verify even after purchase.
Utilize 'shared scale economies' by passing operational cost savings directly back to customers to build an insurmountable competitive advantage and extreme customer loyalty.
Adopt the 'Hondification' strategy by launching a low-cost, functional product and aggressively increasing its quality over time while maintaining the entry-level price point.
Business Ideas Mentioned
Honest Corporate Jargon Translator
AI & Automation
Third-Party Human Capital Grading
Marketplace
Niche Luxury Goods Authentication Service
Agency