#205 - How to Stop Your Tech Addiction

Date
Duration
55 min
there's some kid who's the next ari gold that's sitting on kentucky campus or alabama campus that's gonna end up being like worth fifty hundred million dollars and they're gonna get their start by selling name image it's likeness like local deals to for for the local players yeah i feel like i could rule word i know i could be what i want to put at all in it like a day's off on a road less travel never looking back line alright this was a jammed pack episode we talked about a lot so we talked about buying lottery tickets online and how that might become a big business we talked about what else we talked about we talked about we've talked about a couple lines about creating quickbooks for nc athletes what else do we talk about the business mug shots mug shots yes mug shots the business how these websites make money why they are posting mug shots online and and how we feel about that is that sc is that is that legit we also talk about a couple ideas for chrome extensions there's chrome extensions that keep you focused we talked about porn addiction fighting and if that's a big market or not so get to the episode can you guys do us a favor leave a review and then click like and subscribe or click subscribe if you're on itunes and then follow if you're on spotify and leave a review and let us know what you think about the episode talk to soon and if if you are not watching on the youtube check out the youtube channel you can see our facebook people have our voices mixed up they think what they think me i am sam and same is me the only way to know is to go to youtube that's the number one comment we get we actually reply in all the comments like we can't reply to podcast reviews but actually go personally reply to the youtube comments on every episode to go subscribe there because honestly the youtube channel is better than the podcast feed so if you're only on the podcast feed you're missing out go to youtube the channel is called sam what is it called just go to youtube and type in my first mail you'll see it right now it's called the hustle but they'll see it and then hit the subscribe button alright i have a ton of stuff to cover thanks for wearing a shirt by the way did you get all all hot and bothered when i just don't have sleeves man this this is a shirt well i guess so like we don't all we don't all dress like you know bounce at of miami strip club so right i do look like that i look like yeah i like a little special led today do you wanna what do you got going on i have a lot of interesting stuff alright let's start let's do it alright did you see everything that i put on here well it changed you had a whole bunch of stuff about greeting cards and now it's something else buying lottery tickets alright good for it okay i got a lot of stuff i got lottery tickets i got mug shots i got oh the athletic stuff i actually let's do let's do lottery tickets first and then i wanna do athletic stuff because you actually talked about that so i just talked to this guy i don't think i'm gonna do anything with it i don't know yet but i just talked to this guy and i thought it was really amazing now this company that i'm gonna tell you about it has to deal with the power ball and lotte which okay i actually think that my stance on it is i'm a personally not in favor of it i i i i'm not i'm not on board but i thought it was fascinating so there's these companies that there's two of them in the space so basically the way it works is there's two major lotte there's the power ball and mega millions and then each state has a state run lottery okay yep and the way it works is you go to the seven eleven you go wherever and you buy a ticket so there's this company that i just started talking to they're they're called spins and what they do is sorry slips spins slips you don't if have you heard of this or you see did i write it down i talked to them a bunch of months ago and i talked about them on the battery but you did first mobile but i did talk about it but we could do it again that's okay i don't remember you telling me about them that's okay most people probably don't but how did you hear about slips i don't know if they just launched like a month like this month it's been on test flight for a long time so i used it on test flight it's is that usually it's clever dude i feel the wind was blown out of my sales just now i'm sorry okay i'll give you minute to recover no to want you to explain now because you're good at i'll i'll try to remember so basically a lot of people play a lottery typically go to a seven eleven or a gas station or something you buy it what these guys did was they let you play lottery from your phone legally how do they do that well basically wherever you are you'll say i'd like to buy a lottery of ticket and then they will physically go send somebody to a gas station they'll buy the lottery ticket so sort of like there's a task grab essentially that'll go buy the lottery ticket in person for you because you can't actually buy them online they'll buy it they'll take a photo of they'll sort of custody it online and and give it to you and and so that's how they kinda bypass the rules around buying lottery like running an online lottery you can't run an online lottery but you can pay somebody to go buy the ticket and then they can give you the ticket and that's like they're two step process did i get that's brilliant you got a brilliant you got it right and i think that's brilliant i think it's brilliant because i never would've have thought about that and it's the easiest as possible solution and by way i think they simplified it even further where they just paid the guy at the gas station to be the task grab it so now they don't even dispatch somebody they're just like hey when this thing rings that's that's somebody paying you to buy a lottery ticket and you pay like a little premium on top of what's the lottery ticket is and that's the kinda like service surcharge which might be like twenty five cents or a dollars of it it's not like percentage wise is pretty significant but it's not a huge amount of money so people don't care it's like it's more convenient because they can i can get a push notification and it says lottery is two hundred million dollars today would you like a ticket and you just say you kinda like yes and that's that's low friction i was saying they have subscription they have a bunch of stuff but when i was talking to this guy i was thinking there's a few i was thinking of the pros and cons so pros of this business it's gonna get big fast yeah i can see it getting big fast that's the only pro that's a big pro in the world of business that's that's the main pro that's the main pro there are so many things about why it won't work are are you like why it won't work are you saying basically like ethically i have a problem with this or well no that's just one of the many things so like my myself i wouldn't say ethically i have a problem but i would have to ask myself how i feel about that like i have to think about it so in one regard it's like i don't buy the lottery and and i don't want like if you don't have a a lot of money i don't think you should buy the lottery that said who am i to tell you what to buy and also if you wanna spend i go to the casino and i like spend fifty dollars and that's fun so like who i to say what's like who am a judge but the second thing i would imagine a app like this would have very similar economics at or not similar economics but similar growth tactics as like a mobile game which means you have to be super aggressive about customer acquisition and if facebook google or that pretty much that that's it if they ban you your fucked yes that's that's a a legit problem for this and that might be the the big the two big what's the the other also i think had some social feature that was like if you and your you and your friends can kinda like share it you could split tickets or something like that like did they brought all the offline things were like you know in office pools together and buys a hundred tickets and then they agreed to split the money i think they brought brought that into it so it's a nice app i i liked the idea i liked the idea a lot but i just you know whatever there was a whole bunch of reasons why i decided not to invest but i i just thought it was i think it's a clever idea and i've been looking at this for years so to your question of how do i find this it's because for years i've been thinking about how are you how would you bring the lottery online and i've talked of many people who claim they could do it legally and it wasn't actually legal or it was only legal in one state to do it that way and they were hoping all the other states caught on and so i've just been keeping an eye out for rule changes and that's kind of a theme like we talked about the name and the n n thing for the for college athletes name image and likeness rule change equals opportunity i have another rule change i'm wanna do today that's another opportunity but this is this is an example of one of those types of businesses you wanna talk about that n i n i n i stuff yeah what do you got for it and the reason so you brought this up and i had known about it but i just saw this other article did you see this article that went viral about the alabama kid hasn't even like the replacement yeah maybe had a million bucks in revenue booked for the year or something crazy like that well the funny thing is the coach nick save came out and he's the one who kinda set it so he's like oh yeah you know it creates a weird situation like our freshman quarterback he's made seven figures you know he's making all this money his teammates aren't making that money it creates an awkward dynamic but and so some people there's really three reactions to this one is like okay maybe there's some truth to that the second is oh is this like for years there been all kinds of people who make millions of dollars like mix save does mix save makes tens of millions of dollars at the coach and all the players played for free and it's like dude you're trying to keep the players down now that they're making a buck you got a problem with it and then there's the third one which is the super mega evil version of this which was he added this line at the end where he goes he's like he's making all this money and that's because of our brand that's because he's quarterback at alabama and so it became a recruiting pitch at the same time so he was fake being outraged but really was you what what they call dog w dog was w to all the other you know high school athletes right now and you come to alabama and that check is pretty big this guy hasn't even played yet and he's getting this type of money imagine what you what you'll get when you come if you come here and so all the other college coach the players are mad at the coaches were mad at and the media was mad and i loved it it was a master a master what i actually did was we contacted i i went and contacted some folks in the compliance industry at schools and they made a comment that said they're explicitly banned from finding or facilitating any type of deals for athletes the school is yes yeah so like nick sa can't like you know they can't be the middle man at all but what they're able to do is act and so the reason i'm bringing this up is you had this idea where it it i mean i guess it's a fairly obvious thing but you said it well of like you you have to have this software or some type of compliance software in order to manage these relationships and manage those deals these deals and i have an example as to why that's kind of important but so the school can't can't be the middleman land but they have to be in the loop about what you're doing the school will definitely pay which is why i was saying you should build a a a tool like this with transparency visibility reporting payments infrastructure because the schools will have to pay and once they pay they're locked in because you're gonna be the system of record of how the athletes are making money and i wanna give an example let me give you an example of a very very very specific example about why this is gonna get really complicated it so do you know american top team i bet you do it's that it's a course it yeah so it's a a mixed martial arts gym in florida they offered five hundred dollars a month to miami entire ninety scholarship football players to advertise their gin on social media so that's five hundred and forty thousand dollars but every player has to do it now there's like these crazy there's these crazy rules and so here's an example an example of the gym deal for the money players we mentioned the contract states that they must advertise for the gym over social media but if they lose track and not in and all ninety athletes do not post technically that's a pay for play and not an n a n i deal and it's a major nc dot nc minus okay so it doesn't matter if you understand that what matters is that it's incredibly complicated and that this is gonna get like really complicated i i wonder if somebody can also just build the other side just build the build the irs so it's like build the little police the independent police task force that's gonna be monitoring all this stuff and finding potential violations and then selling this service back to the schools which is like hey we found some athletes that are out of code here that this is actually against the thing we will sell you this type of visibility so that you guys don't fall out of compliance that's another way to do it is you you diagnose the problem and then you sell them the the prescription that line is gonna lead me into my next point well that's a totally different topic but when when we talked about that when we talked about this nc thing did a lot of companies reach out to you yeah there was a button they didn't reach out the go bro we're already doing this we've been doing this that's what i mean that's what i mean good good good for you great i i i agree it's a good opportunity i don't know why you gotta get all defensive about it any any any interesting you know i didn't really look into them because i didn't have time but i think like open doors was one of the ones that a bunch of people mentioned i don't know if that's like the number one i i kinda think that it's not really gonna be some player that's been around for a while i think it's gonna be somebody i i view it as in these markets it's whoever builds this first simple useful thing will get a ton of adoption and then it's then it's a race between the people who tried to build the big valuable thing and the group that got a bunch of adoption to go from small and simple to more thorough and whoever where where do those lines cross which which group gets there first and i like to bet on the horse where the founders identified hey this is a simple thing that we can get in the hands of every athlete right now or every school right now and we can even give it away for free as long as we get them hooked into our our our system we have a relationship with them i think those are gonna be the interesting one so i'm kinda looking for who's new but i'm open minded about it haven't i haven't seen anybody to make a make a very compelling case that they've got something good going but i do have an idea around this if you ready for it so are you familiar with how sports agents make their money like if i'm an agent for an nba basketball player do you know roughly like how that money shakes out no so so basically if i'm an agent for an nba player i'm gonna take let's call it two to three percent on average and i'm not an expert of this that maybe more nuance to it but this is what i have a couple friends to do this and this is what they told me so they make about two to three percent of the contract value so let's say in the nba like a max guy might make forty million a year so let's say you have two guys you got a max player and you have his his buddy on the team who's kind of a a bit of a mid level player and you have fifty million they fifty million a year from the team you're gonna make two percent so you're gonna make a million dollars a year as an h so you can stack some pretty good money now it is a absolutely cut through and ruthless business where they're all trying to backs each other and steal each other's clients and it is like a a slightly dirty industry where there's a lot of sort of like bribery wine you know some on the good end whining and dining and on the bad end sort of like bribery and and shit talking that goes on in order for agents to get clients but i have a few ben telling me about a a few friends of his to have an agency as three people and their athletes under contract will will bring in about three million total a year and so basically they're the main guy the made agents probably bang in two point six million two point five million himself and then the other five hundred k goes into like operations of paying the other two people there are kinda like salaries so how much is the total the the contract value will be i think he takes three percent so the contract value with something like seventy five million just were rough numbers for the two years like four four players right and so and it's like yeah it's really hard to get your foot in the door but when you have this guy like typically the players will stick with you and most they have a problem with you you mess up and so you get there like ten to fifteen year career sometimes and then as long as that player has a name you can use them and their introductions to get like a couple other guys on the team that their buddies with that they trust when they're looking for agents and then they keep going down market so they keep trying to get guys like right before the draft or you know in college they're you know showing up on campus and just talking to the guy trying to not create an nc violation but build those relationships so what i was thinking was so that's the general general general business i don't think it's a great business to be in but yeah whatever it's kind of there's a few people that win big and then most people get nothing the opportunity i saw was well with this name image likeness i think this is gonna breed a whole new set of college hustle that become sports agents why is that because i'm a player at a school if i'm just some kid in the same dorm like i remember when i was on duke campus i bumped into you know gerald henderson on the first day of orientation and and he actually is kind of a funny story he was like we kinda were hitting it off which is great because normally these guys you know everyone's mob them they don't care about you they're looking for like the hottest girl around that they don't really care about this brown indian dude with why am i talking to him but we hit it we're joking around and he goes man like what are you doing tonight i was like oh i think we're going to west campus i didn't even know what that was at this time was my first day on campus i just said something that thought sounded cozy he's like oh sick like hit me up when you go here it take my number and i had finished high school in china and so i actually didn't even have a cell phone the first day of college i was like getting my plan set up and so i was like oh you know i i don't have a phone but and he he just looked at me like oh bro you don't have a phone and he just like walked away that was the last i talked to him but the opportunity is like are you're gonna make friends at an nba player i don't i don't know i i blew it i blew many many times after that too with other players but basically let let's say i'm friends with that guy i could just go hustle i could go to the local car dealership and i could be like hey how much would you pay gerald to be on this billboard right he's a big name in in this college town so you'll give them fifteen hundred bucks i could go to gerald and hey dude i got you fifteen hundred dollar deal all you gotta do is like say yes and take this photo and then he would be like oh sick man and if i did that three more times i'm pretty sure i could be this guy's like business manager within like two months of being in college and if you just plant those seeds at that stage because you're on campus you're one of them you could work the scene locally i'm pretty sure that that's one way to like hit your wagon to someone who's a try and nba a player and actually become an agent so i think you're gonna find some super agents that come out of this like this one rule change there's some kid who's the next ari gold that's sitting on kentucky campus or alabama campus that's gonna end up being like worth fifty hundred million dollars and they're gonna get their start by selling name likeness like local deals to for the for the local players yeah i mean that's what a lot of people have done with music you know scooter braun started that way what what was his origin story so i just peter o'brien we had so break if you don't know who scooter braun is he owned this company called if holdings which i think just sold to a korean music label for three or four billion dollars scooter bronze most famous for yeah it holdings just sold is he like a billionaire there yeah probably wow does tell you a bill you didn't even know about how do you feel bro there i just wanna do down i feel great i love how much sell for alright so he sold it to hive which is the koreans entertainment conglomerate that owns i think they they had the rights to bts which is like the biggest in the world motor company let's see what's the sale price alright i'll look it up he keep talking anyway so he sold this company he was most famous for being justin bieber manager but he also managed ariana grande and a few other people he's only thirty five thirty six thirty seven very young you'll see him in some of the music videos he's was also famous because he bought big machine records based on a nashville which owned taylor swift rights and he bought that for only like eighty million dollars even though it made forty million dollars a year or something crazy like that and he gotta start out of emory university i believe and when he was a sophomore somehow he started throwing parties and in doing so met j ja mom who owned a record label in in atlanta where ari is missus du is that you well missus d is like the head hon of a of a of a meaningful like production and music out the way and he goes starts working for him and he and and the du debris and he's like doing this music thing and he's like bringing people all the he's bringing all the kids to college parties has a club promoter and making a cut to like a german pre party then eventually when he's twenty two he has a little bit of money saved but not a lot like less than a hundred grand he finds this guy on youtube who is a little kid he's like seven eight nine ten years old and he's playing guitar and he's playing a guitar and he's singing and scooter goes this kid's gonna be a home run he's gonna be a winner so he flies this kid and his mom down to atlanta and he goes i wanna manage you and the kids like i don't what do you mean manager i'm have a career goes you're gonna be a superstar one day and that was justin bieber and he so he discovered the bi and he made tens of millions of dollars off that and then recently made a billion plus from selling his company what did he sell it for one one billion so it was one point o five billion so so just two quick numbers so they sold for one point zero five billion and he had acquired that big machine like label thing with taylor swift for three hundred million back okay so my numbers are off yeah rich whatever and so and let's just go through some some more numbers braun now holds a one percent stake in hive which is worth a hundred twenty three million itself the bts members each have eighteen million in in hive so there's seven of them and then bieber and ariana grande have fourteen point three million dollars worth of worth of stake in hive he went public at one point five billion and has doubled in the last few months i would've have bought this if i knew that the company behind bts had gone public but i was not i was not awake at the wheel here so kind of interesting i don't even know how we got on but the but he got started in in college promoting bieber and he also you know who his second act was asher roth the guy who saw nice saw and he and at the time he was like this asha roth guy is gonna be with the biggest he's gonna be the biggest cheaper yeah yeah but asher roth came to him after doing i love college and he's like you know i kinda like don't really wanna be famous like i don't wanna like like be in limelight light i just wanna be quiet and so he bail on him respect so okay we should do we should do more on scooter and i'm gonna also there's a billionaire behind bts this guy like he's amazing what his name is i'm i'm gonna do a deep dive on this guy bang hook so we'll we'll we'll we'll go on to this guy let me put try another story are you wanna one thing by the way just one regret i have is that i did not hustle and college i i had like very small small like tiny schemes like i was a scheme i've always been a scheme but i was such a goldfish guppy scheme back then i was trying to like find a way to win the monopoly game on mcdonald's and i was trying to like you know get into the easiest classes i was thinking small and with my buddies and we started like a sushi restaurant thing but like pat now that i think about it college this four year playground with a whole bunch of potential cofounder all around you with a whole bunch of potential customers all around you with nothing but free time and nothing but energy and no mortgage know nothing it's all paid for it's a giant summer camp damn that's that was the time to to take some shots to take some experiments so if you're listed to this or you know something son it's also the time to get drunk hook up with girls hook up with dudes for sure for sure try on different hats and explore yourself and you don't have to have the pressure to like make money i'm not saying become successful i'm saying take some shots hustle a little bit and that doesn't mean don't part it that means the way i prioritize things was was just dumb which was like i don't know sleep number one class number two friends number three you know was like i thought i thought college was about the classes and college is obviously not almost almost not about the classes in any any shape or form but it but the illusion is that it's about classes and a little bit i wanna talk about the fat fire thing that i mentioned the other day and you kinda said something to me but right now you want talk about that now and you wanna say it's a mugs shot shit i got one other little quick quick college hustle idea there's another rule change to be aware of this rule change came from angel angel made it where it's now very easy anybody who does any professional investors anybody like me or you who invest millions of dollars a year into startups we can now make it's very trivial easy to create a scout program to have anybody become a scout for a program which all that means is you bring a great deal to me if i invest you get a piece of the upside so you get to free free roll into investments and you get to network with real investors and you get to be basically hunting startups for fun i was doing this but back back when i was i i think i've talked to about this before the first angel investment when did i did as a scout i found a deal i diligence it i thought it was a great deal i pitched that deal to somebody who had money and they were like great i'll give you a piece of the upside and and there was no like you know i was like we have to figure out our own paperwork for that you know it wasn't like easy one click button like angeles angel is now made or they've had this i've i've used this for my thing on the back end but but splitting deal by deal carry wasn't easy for funds or rolling funds before i think for suvs it might have been but now it's easy for everybody sudden i so if you're interested in investing the the game has changed here's what i would do my quick thirty seconds of what i would do if i if i was somebody who didn't have the money to invest startups but i love the idea of start investing i would contact my four favorite investor maybe it's you know me and the three other people grand just on be it's me bit b b and b so you're four are investors the top four investors sean i got sean it's sean i got four email addresses so here's you you send an email and you say you don't say hey can i work for you you say hey every week hey i love startups i am a junkie i'm always looking for for interesting that are on the to come up you know i'm i'm a developer so i know about that or i'm into music so i'm watching the music scene or whatever figure out what your what your angle is and then you just say i'm gonna send you three interesting start ups a week you don't have you don't have to reply but if anything catches your eye or you think it's either really stupid or really awesome i love a one line reply and you just start sending that for three weeks straight and if i don't reply after three weeks you ditch me and you figure out somebody else but if you do this you'll walk you'll do two things it'll be fun because it's fun to just check out startups and play that game a fantasy investor but b you'll actually walk away within a year you'll have a portfolio of startups that you have equity in that you sourced the due diligence that that you pitched and that that's like a great way to break into this industry so i think angel has just made it way easier to break in i just wanted to put that out as a psa for people yeah and just go ahead and drop your email yeah sean at sean p dot com alright so a minute ago you said something that was actually really brilliant and it was about the nc aa stuff and what you would do is you would find the violations and go to n nc double and or go to like you know university of alabama be like hey this your quarterback is actually breaking the rules here the the fines are x y and z by our software for y well way easier to sell than buy our software it's hey you have a problem here it is if you if you don't wanna have this problem in the future we obviously we do look i did it for you already so there's this you remember earlier month a month ago i mentioned the business of mug shots correct that's right you told me about mug shots dot com i think it was yeah and so i went and did a bunch of research on these businesses there's a whole ecosystem of this so i'm gonna name a bunch of them so it's let's see where are they okay so mugs shots dot com gets at least six hundred thousand visitors a month busted mugs shots dot com six hundred and sixty six thousand visitors a month five find mug shots dot com seventy two thousand visitors mustard mugs shots this is ugly people ugly much is that what that is i don't know learned that the same thing i think it's the same it busted like in jail not like busted rest dot org four point three five million truth finder dot com nine point one million and then b bin verified twenty three million visits and so these are all centered around mug shots and criminal records now you wanna hear how these guys make money so what they do is and and and here's a a story so there's this guy matt creed in kansas city and he started this company called bla mouth in two thousand thirteen and what he would do is who would post names and addresses and mug shots of local people who had already been arrested then he would mail them all letters and say we have already been bla to the world about your release from jail and we wanna make you aware of our services as we kinda have a big mouth and for two hundred dollars we will remove all the information from our website and they would send that to people and that is exactly what mugs shots dot com does that's what rest dot com does that's what plus at org dot com so it's free search pay to be removed from the database prescribed from the from from their search not only that there's a whole bunch of removal services so there's remove sla dot com remove rest dot org erase mugs shot dot com who charge one thousand to five thousand dollars to actually just do this to all the to all the companies i imagine what they do is they just charge you five grand and then they go and pay all the websites each like fifty bucks like there's just have some affiliate deal and they just take a little bit of there's not be some rule there's probably some dmc type rule or if i were quest to be taken out you have to take me down that's probably what it is that's my guess i i don't know if that's right but i feel like you they may not have to pay anything it's just going and filing the claim so and and in vast in the vast majority of states posting photos online of these mug shots is totally legal okay so you you can't you you really can't get a it's not a big deal of post them it's public record where the gray area is is that the websites that populate them they put the mug shots on there and then they turn around like in charge individuals money to remove them then now a lot of these guys who run these websites like mugs shots dot com they the authorities are trying to look for anything little that they do wrong or anything that it doesn't matter how small but they wanted to do something wrong like for example like em mb a little bit of money which i i think that there's like try figuring out if someone in is in bezels like you could probably catch that mistake it's like if they don't file their taxes correctly you know what i mean and so the founders have i've actually been locked up for like three four five months at a time and a lot of these websites if you go and try and find we i went and research them you try to find out who owns them it's different domains in panama belize things like that it's like huge web but it's incredibly fascinating there's this entire ecosystem around mug shots and then mug shots removal and it's very fascinating very interesting i think it's horrible but interesting nonetheless tell me your shady without telling me your shady and then you point you post your your cayman islands incorporation documents so your belize you know headquarters address dan dan come on come on microphone real quick you're a good human being i would say dan is a extremely straight edge human being from what i can tell and dan tell me this when i hear sam explain these businesses my literal my first reaction is awesome that was wow so smart how they thought of that and i think you probably are like many people have a different reaction which is sort of like jeez these guys like whoever does this is a kind of a sc bag and tell me dan what is your reaction to this yeah i i just chatted to you i i said the owners of all these companies are human garbage and so is that your reaction say i've described these as like ugh gross or is it like like my reaction was awesome i mean there's lots of ways to make money in this world that just sounds like a horrible one it's a good point okay fair enough so i i i i am not like i do not like this i would never do this i think these guys are pieces of shit and also i think it's amazing like like i think that like do so doing what this guy matt of like sending the letter that's like table stakes any scheme who has ever wanted to do that like already scheme out there who's been like nineteen like that's such the this is the most this is some basic bit shit i think this is like the most basic like scam i would imagine but no i would never in a million years do it and i wouldn't wanna be friends with anyone who does it and yeah i still think it's fascinating and interesting right so there's like would i do it now do i think other people should be allowed to do it maybe i should know if somebody does it do i consider them a piece of shit or do i consider them like you know it's fair game it's just not one it's not for me right like i think those are the kind of to me that's like the moral question bar question marks i i get into with with stuff like this but i don't know i think these are very clever very smart i think if to me i'm always like wow it okay yeah i wouldn't do it but that's interesting what like if you just piece it together there's a bunch of layers one layer is oh ben you can create businesses just taking public data that's not really formalized for for kind of like consumers to like use and you could like aggregate it create a search engine on top it you create a product there yeah people can do that with people do that zillow people do that with anything things so it's just one generic business model type so then you say oh cool if i ever find other public things that are public record but i don't know that there's main consume consumer website for it i could build that then there's like there's some psychology why are somebody the people why are millions of people going to these websites what is there like is it just like a a gossip thing is it that they are trying to solve some problem like they had some theft and they they wrote down some guy's license plate and trying to figure out who it is maybe there's a maybe there's a consumer problem to be solved here and then there's like the business model innovation or the business model tactic which is the the same thing i saying earlier about nt violations which is you don't sell the the search you sell the removal right you you sell the solution and once they search and okay that's interesting too so i i look i look at it as a bunch of different layers and then when i put the whole thing together i'm like yeah that's kinda crappy but like as individual layers it's pretty fascinating to me it's fascinating you wanna talk about porn yeah let's do you saw this thing get wrote down yeah alright so i saw this company that's in yc right now and i don't know how how did you wait first of all how do you see all this interesting stuff that's like saying you know how how do you pull off that shirt man i don't know you just do it you don't even think about it this case this was on hacker news it was a it it was posted as a show h n so i check out hacker news when i go to hacker news i typically will go to the show tab because i find that to be more interesting than the news and and then i think of this case ben sent this to me yesterday when we were talking about something that we were just bullshit about something else related and then he's like oh yeah there's another company like this that's kind of interest he was laughing at it and i was like no i actually i think that's like a legit idea he's like what do you mean i was like well i think these taboo ideas so in this case this is a company that helps people who are addicted to porn fight their addiction so it's a treatment so it's like alcoholic anonymous for people who are compulsive with porn and i'll get you addicted to this app so he sent it to me as a joke like dude look at this and i was sort of like i bet that's actually a big problem but there's a lot of people who have this problem and i bet there's kind of nothing there's no real legit company that's occupying that space why not why why wouldn't there be something that oc a space that helps a lot of people and so i started looking into it so they have about a hundred thousand of members of their community they say don't know if that means registered people explain the product i'm i'm explain so the it's an overall company that's supposed to help you overcome a digital addiction so it wasn't just for porn but they started out with a few different products so they had the first one they had was called detox and all it was is basically it was an app that would just like get you off your phone for a period of time it would kinda like lock you off your phone and just tell you don't use your phone for the next four hours you're detox okay cool and by the way i've i've wanted to do this myself i kinda made a rule for myself one hour a day i'm just gonna lose my phone i i i don't need my phone every hour of the day the next one they created was social x that's like that's your personal role that's my personal yeah i didn't know about the sap but i just i just put my phone at one different room and i leave it for an hour in their social yeah that's a lot for me i was constant on my phone dude me too and so what i do is i just i don't i yeah i only use it from nine am to six work hours and then i just leave it oh my god what do you do for fun well so i'm trying i mean i i serial real killer in your nighttime what do you i guess tech i mean i do have it on me sometimes i just use airplane mode all the time you just can't contact me like i just won't see any messages but what do you just use it as a clock oh like if i we're we're working out i'll use headphones or music right okay but that's it wow so after six pm if i text you you're just not gonna get it or like you're get a instagram comment or something you just don't look at it no i don't look at instagram comment no no of course not no if you agree saying have you called me i would probably see your number and pick but if it's anyone else i'm not like if it's if you're outside the circle yeah i'm not gonna talk to you well good for you man that's that's really good i think that's i think you're saying it like it's a normal thing and and when you say it all loud it sounds perfectly reasonable i think like less than one percent of people me doing that this quick story i heard about an an earl night and nightingale you know earl night nightingale is no what's that so he's this he was around in the sixties probably the forties and fifties actually and he was a radio host and he would tell interesting stories but he's also kind of business minded so a lot like he's like the tony robbins of the day and he told the story about how he went to a farmer's house one time and this was right when phones just got created and he was at this farmer's house i forget what he was talking to him about but the farmer's phone was ringing and it was going off and going off and earl almost just kinda looking at the farmer and the farmer just kept looking at them and having a normal conversation and then the phone went away and then it's started ringing again kept going and or finally goes hey you know mister like your phone's been going off aren't aren't you gonna answer that and he goes why would i answer he goes well someone's calling you but he goes sir i installed this phone in in here for my convenience not their convenience and i don't feel like answering it right and that's now how i my opinion now what my phone is is like no this is here for me not for anyone else i i similarly i picked up a a phrase like that that i'll share that i've been i've been like kinda playing with i don't know if i'm like fully adopting this because i feel like a dick when i use it but my brother law i was talking to about i talking to him the other day and he's he's he's a successful guy in business and he was like he was talking about i was asking about like a tax account and i was like yeah i'm like tax accountant saying this and i'm saying this he goes i was like how do you it he was telling me how he hey he runs his relationship with this tax account i was like oh wow that's kinda strange like why do you do it that way or like don't don't they ask or don't they don't they like want you to do x y z hey he's like are they paying me or am i paying them and i was like you're paying them he goes okay so then we're gonna like if i'm paying you then we're gonna do this a certain way and if you're paying me we're gonna do it a certain way he goes so many times you see people who pay someone for a service and then catered to the other person as if they're being paid by them and i started to see this i first you said i just kinda laughed it off i used to start you with my cleaning lady i i cleaned my house before the cleaning lady so yeah for yeah i changed my plans for her i'm like sarah we are not like we're about fixing this i'm paying this woman to do it right i think i even said this to dan the other day i was like dan was talking something about like the schedule this of this of like our recordings or whatever i like oh it's getting late you know because you guys are always like kinda last minute on in your deadlines and i i just had to kinda say and i was like i feel like dick saying this but i honestly like it's this is again this is the situation dan are you paying me to record this or am i paying you to edit say right like which way does it go because right now you're telling me how i need to it but i pay you to put this podcast out right so like and again it feels like a total asshole thing to of mentality but man it's like i've been very effective i've used this like ten or fifteen times the last two months of just reminding myself what is the arrangement here oh person from the bank is calling me hold on wait a minute do you do you do i work for you you work for me hold on which way does this go okay yeah yeah alright and now i remember let's do it this way instead and like fights my kind of like just nice guy get pushed over instincts alright anyways back to this app real quick so they have the main app the one i think that's blowing up for them is called blocker x and basically you just go on your phone and you basically set it to disable your ability to go to adult sites maybe on some timer or maybe just like permanently i don't know let's take a self blocking thing and blocking these sites is actually not that easy and so you wanna be able to block this without blocking other sites accidentally and without letting you get through and so you and so they basically have this combination of things between like a community of people like peers like alcoholic anonymous like here's a bunch of other people also trying to improve themselves this way here's a tool a blocker here's like gamification a streak or like points you're getting for continuing on and i just thought this kinda of interesting like is there a modern day aa like if people are right that social media is the new smoking right that that that all this like kind of like overload of technology overload of digital news and information and social media is making us unhappy and lonely then isn't somebody gonna build the like aa for that like that kinda make sense to me even though on the surface it sounds like a weird idea what do you so i'm i'm trying to yeah i i think this is great but let me put some stuff in perspective so i actually use a site like this i don't use it for porn but i use it for sure facebook and twitter and things like that and so i wish i could share my screen now but if i go to twitter right now it says shouldn't you be busy working and i use this thing called stay focused stay focused is a google chrome extension yeah it's a google chrome extension i love it and i just sent it to you according to stay focused the cool thing about doing research on chrome extensions is they tell you roughly how many users they have so they have rough roughly six hundred thousand users but the biggest person in this space who haven't done a significant amount of researchers research for they have it's called it's called a block site the thing i sent you it's read out how many users that has block site it says a million plus a users right so that's pretty good that shows there's there is a lot of demand because chrome sensors extensions are not like mainstream or like that easy to like find and you know so if if a chrome has a million users that is a strong validation of demand it's huge and so when i look at what these guys are doing it's kind of interesting so what what's it called again i gotta pull it up how do you pronounce it alt mana ad mana their name is not the best ad mana name so i'm looking at what they're doing it's basically it starts with a a chrome es extension business and then offers more features to get you i think there's is a mobile app i think that's i think it's the same as what you're talking about but with the mobile app as far as like through their go to market and you can i think that's actually android i actually think that's a brilliant way to spin thing that's already been around yeah and to spin it a little bit differently and i'm on board with this i think this is great so the way the way we were talking about chrome extensions if you go to the chrome extension store you could see how many downloads it has so google google play does the same thing so if you click there google play button you scroll down to the bottom of any goo any goo any app on android you'll see installs and this says it'll say you know either like less than ten thousand a hundred thousand if in this case five hundred thousand and then it'll say a million this one's at one million plus so you know it's between one and i think ten million is the next cutoff off so it's somewhere between one and ten million installs on android which again that's no fucking joke i should invest in this is a good idea and i actually just research them so they used to be called this thing called fund switch technology so when i heard that name fund switch i was like i have a feeling that they started exactly how i thought and i went to the fund switches our fund switches linkedin and it said mobile first solution aimed at the getting people sorry helping millennials overcome digital addictions and helping mental health sorry i'm just reading this as go are aimed at using the latest techniques and mental help to assist people suffering from those digital addictions basically it was a chrome ask plug in and they just spun it to be this porn thing because they saw that's the big market to be in so i think it's really cool i have a feeling that's what happened i'm just doing all this research like as we're talking but kind of interesting okay let's do chrome alright so i had this idea while i was laying in bed this morning so by my trainer has to do this exercise ego go when is it called it goes ke exercise it's a key for my brain basically it's a quick like two minute that you do you do in the morning which is called the events of the day go my way you just sort of imagine that your day going in the way you want and and and it's very simple and and and and we do the same thing at night as a revision which is you reimagine something somebody party of your day that didn't go the way you want hey just re you don't even try to correct it and self help and ask why you what's wrong with you why am i such an idiot you just reimagine it going good and then you go to sleep and this is like such a lightweight mental hack but anyways the i was doing it this morning and i was imagining this podcast going great i'm imagining you saying that is a great idea and this is what it came to my mind so then the idea came which is how crazy is that i imagine you're saying there's a great idea and then a great idea came on brain within like twenty seconds so here's the idea a chrome extension that pays you for the site you go to okay let's start there why would a chrome extension pay you to go to a website well websites want traffic right that's what most ads are so a website i i say i have e commerce store i know that a visitor on average right visitor is worth you know somewhere between in three and five dollars let's say just based on the conversion rate and the the average order value and so i would be willing to pay a dollar for you to come visit my site so here's what i'm imagining you install the chrome extension the chrome extension tells you hey sean espn will pay thirty cents right now to go to their website you know reddit will pay you twenty cents that you know that pet's store that you buy from they'll pay a dollar to come to the site just click the button go there and you just have to be there for for thirty sixty seconds or whatever and then you'll unlock the bounty and it'll just go into your little piggy bank right here in the browser it's little piggy bank icon okay so so i believe that on one side you could get brands to basically buy traffic through a chrome extension and the the money goes to the user either split with the with the chrome extension or just all to the user in this case and the user goes there the user says easy i just have to go to the site i don't know if to buy anything no problem but you go to the site you basically have bought their attention you bought their impression and you they may see something new they may convert they may check out some new product that you have because that's where you drove them to now how does this how does this end up paying off well two two things two interesting things happen here the first let's say my wife is a big shopper okay the traffic is gonna be worth a lot more than my traffic because i'm a shitty each barely shop i just go look at information i steal it and i run away so i might get low low bids she might get high bids how does it know how what to bid well it's a chrome extension it sits in my browser it sees how much i spend it sees what sites i go to it creates a value score for me and so it knows what i'm worth the second thing is when i go to let's say now let's so let's so so that's the first part it's like page rank but for users the users are worth some different amount based on the sites i go to how much they spent it's it's like un bundling the facebook ad system so now the second thing is let's say now i'm a news website and news websites always wanted this like micro payment thing like they want me to subscribe ten ninety nine a month or whatever but i don't wanna do that but i would pay like four cents for an article alright i would pay two cents and this idea of like ultra micro payments has been around for a while people wanna do this with crypto people to do this with there for things but if you first did the piggy bank thing by letting users get paid then you can go to publishers and say hey pay all this for like two cents using that same plugin and we have six million members who who get paid daily using our thing their piggy bank has money in it all they don't have to put it in a credit card ever they could just do like tiny micro payments on their favorite sites when they go there so i think you could build a pretty i think you change the way the internet works if you if you did this alright tell me about my idea okay so this is not i don't think new right like the idea of like making a little bit of income from the ad arbitrage and and incentivizing you to go to a i mean this is maybe i was like well what would i use today if i wanted to get paid if i wanted to open up my browser and see some offers to make money to go to some of some websites that want me to go there you know the penny holder the the kinda like blog website yeah they made eighty million a year doing something like that and so kinda like that so they would they would show all the latest deals and all the latest like free stuff that you can get and they would make a little bit of money by sending people there and making that affiliate and so you have to go to the penny hoard right yeah so different but same similar but different correct so there's this guy named dan that one of our friends invested in and told me all about it and he he's like this is this is a scam now that's my friend's words sorry dan don't hold me to this but i sent you a link to it it's called current mobile dot us and that's a similar promise to what this guy made was basically you're gonna get paid for browsing the internet passively and i and i imagine that it was something like we will pay you that that add arbitrage and right i'm almost positive that it was like the number one app in the itunes store for like a very short amount of time but number one nonetheless and i don't know what happened to us but i remember he last ray raised forty million dollars but looks like are you you're thinking that this isn't doing gang bus anymore he raised i think he raised his forty million dollars through what's it called an ico understand offering okay gotcha yeah so he's got current token yeah so there's like a bunch of like right stuff around here that it doesn't make sense to me so so brave brave browser also has like a similar idea the brave browser has bat which is the basic attention token so you earn it by going into sites or whatever and then you pay you know you're basically like advertisers can buy the token to get your attention you can you can basically like pay the token to like see websites or whatever but you gotta be using brave browser which is a basic browser they're doing well yeah brave browser has like ten million users or something like yeah this is a great idea you're just suggesting on chrome yeah i think that's a wonderful idea yes right alright my my my imagination has has my management act has turned into fact as they say i think that's probably better again i think it's a great idea that's why i said it i thought i was excited about it i think i think this somebody could do this it's like right like honey is the chrome extension that basically says cool you just go around shopping on the internet we'll tell you when we could save you money because there's like a discount or coupon and then they started shoving in like kinda some ad slots i was like hey this person is not even necessarily looking at this product but you could make him an offer here and so i think that's i think that it's honey but it's for your foot traffic basically what is your foot traffic worth it's worth something that's right way to and that's a great to phrase it facebook catches all the value google catches all the value of your foot traffic you get none of that value and so what i think is that if you could opt in and say i'll get paid for my foot traffic i'd like to see what my foot traffic is worth you put the chrome extension in you start getting offers you start earning a piggy bank and then that can be used to just either you take the money out or you can pay for things on the websites you go to and i know that websites will pay for the right foot traffic if it performs and i see no reason why this wouldn't perform alright let's wrap dan tell us how we how is was this episode episode is good i liked all the ideas give you a nine out of ten alright solid i feel like i could rule to where i know i could be what i want to put at all in it like a days off on a travel never looking back

Episode Notes

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) revisit the NCAA rule changes about college athletes making money and Shaan shares his prediction about who the next big sports agent will be. They also talk about buying lotto tickets via an app, the mugshot industry, & how to fight tech and porn addiction. They end the episode with Shaan sharing a Chrome extension idea.

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Show notes:

* (:53) Intro

* (2:24) Buying lottery tickets online

* (8:46) Making money around NIL - name, image, likeness

* (14:21) The college sports agent

* (18:59) The origin story of Scooter Braun

* (23:01) Shaan's one regret from college

* (24:37) The AngelList scout program

* (28:43) The mugshot posting & removal industry

* (35:29) An app to fight tech & porn addiction

* (39:02) Story sidebar - Earl Nightingale & who's serving who

* (42:12) Back to fighting tech addiction

* (46:32) An idea for a Chrome extension

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