Business Brainstorm: Ozempic Hotline, Klout 2.0 & Failed Churches

Date
Duration
78 min
could turn off wifi and do this idea i like that so what if i told you that in san francisco i discovered a business that does thirty one million dollars in revenue locally here in san francisco on that thirty one million in revenue it does about eleven million in profit and it's brick it's brick and mortar brick and mortar wow and it has a hundred million dollars of assets on the balance sheet do you wanna take a guess on what kind of businesses is well it's one of the things you've have had listed but does it involve religion it does not no oh what is it it is a i feel like i could rule world i know i could be what i want to from at all in it like a days off on a road alright we're alive looking back happy labor day we are celebrating by labor yes right join me in this labor sam let's do a labor of love because it is a day of labor today's episode is all about ideas business ideas and opportunities did you like preparing for this i love preparing for this i bet you did not this is not my favorite thing prepare for it feels like a book report whereas my favorite episodes or when i just find cool shit throughout the week and i go have you seen this this is cool versus this one i was like oh i gotta to like go and like find things that like i gotta seek them out a little bit more to me this is like you know in a relationship where you it's like oh our relationship is just us doing things together right like look i gotta go grocery or come with me with the grocery store that's that's our date but you forget that you gotta do a date night once in a while you gotta you gotta break out the rose petals you gotta figure out a way to to to keep it spicy to me that's what these these episodes are where when we started this podcast it was very much like we what what are ideas business opportunities for people and that's how we got that initial momentum because no one else was doing that and then over time it's like well listen we're doing chipset sets week we can't be having like twenty good ideas a week that's not really how it works so we started blending in just cool businesses we discovered interesting things that are going on our companies whatever that's like the that's like the costco pizza date night you know what i'm saying like oh let's go to costco gets a toilet paper and we'll get it right right that counts right which is which is great so this is a throwback this is we we sprayed some cologne we we we got a little hair gel and putting on pants for the first time in in a while and here we go this is date night for where do you wanna start so i'm actually very happy that we have one overlapping thing that makes me pumped mean and also a bunch of our things are big which also makes me pumped i do not like the small time stuff yeah we're gonna have a range though there's gonna be a couple that are like simple what i'll call like more like simple side hustle it's like here's a way that you could replace a job and i really gonna get rich doing it per s but you could definitely get to i don't know ten k a month twenty k a month doing this and then we have a bunch of big ideas so i i tried to stay away from like complete moonshot ideas in this in this one i i i have a few big ones what what do you wanna can we actually start with it i think one that interests you and i that is a big one wanna talk about that one or do you wanna start small first alright yeah let's go last episode we gave a preview there was one company we i don't know if you've ever talked about it but i could just read your mind and know that you thought this was cool but in about two thousand and twelve or so i think it started in two thousand eight but it got popular in like two thousand twelve there was a company called clout it was clout with a k k l o u t and i remember i was just getting started like on the internet and i only have like i have like four thousand facebook friends and that was like considered big and you this company called clout came out and basically what you could do is log in with your facebook your linkedin your twitter and not don't even know if instagram existed in that way back then or i guess it maybe did whenever it switched to facebook but it was really fascinating because what they would do is they would give you a cloud score and with that cloud score what you would do is it would it would range between one and a hundred i think there was a time where i had like a seventy five or something obama was like a ninety two to like to maybe perspective and what would happen is it was a platform for companies like mcdonald's well at least that's what why i got i got like five dollar mcdonald gift cards so like their new promotions they would basically find out like information about your background so what you're interested in what you're posting and then how popular you are and they would give you free stuff in hopes that you would gotten and like the experience and share it that company was acquired they raised like forty million dollars they were acquired in two thousand fourteen for two hundred million bucks but i don't think that was a very successful exit i think that they probably just sold for the amount of money that they raised that however i've been thinking about this idea constantly and i think it's really really really cool so the way it got started was in twenty seventeen the guy who started name as joe fernandez he had some surgery on his jaw some of was wrong this jaw so his jaw was wired shut for three months and so he was like in this hospital bed laying around and he didn't have anything to do and so he said he he he he just got obsessed with can word mouth be measurable and so he created this api or created this program where you could pull from twitter's api and give a score out of a hundred based off of how influential the person was and he got obsessed with this and he started going around deeper and deeper and deeper on this and eventually he turned into a company where by like two thousand and eleven it was pretty popular and this one person said something amazing where they were trying to hate on cloud and they said something like they took the cloud took the entire spectrum of human interaction and condensed it into a two number a two digit number that you could use to blu anyone who failed to adhere to a score it basically just said it's tacky it's basic it's cheap and they're like you you you can't just put someone's like give someone a score and that be their self worth and in my head i'm like well that's actually awesome that's a really cool service and so the company got quite popular it was bought in whatever i set j in fourteen by lithium which i don't even know what that is and it doesn't exist anymore and i was curious about it and i said joe i we dm him my i go do you think that this could still exist today he goes this is something i'll never get over in so many ways we were just way too early the world still needs something like this like clout more than ever unfortunately i'm not sure if it's possible to pull to pull it off and get all the data however the idea of clout for anyone in the in our era like just getting started in the two in ten thousand fourteen range this was awesome and i think a business like this one hundred percent should still exist because when i'm we're sponsoring influencers and stuff or different companies it's really hard to know what's legit and what isn't so what do you think about cloud what did you remember i remember back then i thought it was such a smart idea i was like oh this is great yeah like everybody you know across all social you have followers but before we all kinda know followers saying exactly it and to layer on on just another number that even if you thought it was stupid you didn't wanna be at the bottom and i was like oh that's a that one it's a powerful draw right it's just like any other ratings or reviews but i was like this is great because it doesn't require people to have ratings and reviews it could just basically crawl the data or just take the connected data and give you a score based off of it so i really like that on the other side it was unclear to me exactly how this was gonna be used for for example you're saying when we're figuring out whether to pay you know how who which influence your sponsor or how to pay them you know something like this is useful i think that's the problem with this that it was more compelling to the cloud user who wanted their score and to know their score and for it to go up than it was for the brands who needed to find influencers and so i think it really had half of the problem i think the second half like it wasn't a a must have because for example you can you know you kinda like if you're a brand you kinda know who influencers are even if you don't know you could look at the followers you could look at their rough engagement say okay how many likes to followers you get a very quick proxy for this you could use cloud but i'm not gonna pay cloud like thirty grand a year for that type of information to the question is what type of information what what would be the the right way to use that cloud score how could they what could they do with that cloud score and i i don't know what that answer is but i think that's where you would have to start if you wanted to restart this idea what do you think do you think people could do with this or or do you agree with me that it's hard to charge a brand a lot of money for what's somewhat obvious which is you know which influencers have have pull i think you're thinking like a small medium sized business owner and not mcdonald's and not sick like a huge guy dude there's a i gotta take you think it's like a fifty million dollar year business not a billion really funny story i so i had i did an interview with emmett or i did a appointment with emmett the other day so emmett was the ceo founder of twitch and twitch had bought my company and so anyways i it went well overall it's gonna come out in a couple days but there was one really funny part where he just burned me so bad and i was just so shook by it i couldn't even like it took me like five minutes mentally to recover from this i'm so embarrassed by it well you texted me you said he said something to me that stuck in my head and it almost really doesn't make me so hard so like i was trying to set them up for like dude i learned so much from you i was like i learned so much from you and one of the things you taught me was this cool little model during our first one on one you were like oh hey here's a here's a good way to use like here's a good way to like format these conversations here's like a way to plug it like here's a here's a way to use me i was a piece of machinery here's a manual on how to use it and he's like you can come in and you can say one of three things you can be like hey i'm doing this fyi you know here's my decision fyi here's my the second one is here's my dis here's what i think we should do do i have your approval right maybe it's very risky it takes a lot of money to do it third one i don't know what to do could you help me and fourth one is last time we talked about this and here's where i'm at now and like that's the update i like was useful is that something that you figured out like would you learn that i was trying to get it sense for it and he was like he's like yeah that's really good for like mid level managers and i was like man he's like again he's like fair a super seasoned exec i i guess i do it differently but that's really good you're not junior but you're not like a super seasoned exec and i was like absolutely true i'm not a super seasoned corporate executive i've never i think that's where the word where where the word mid has come for yeah and i was like i don't wanna be mid level the anything like you you could be like hey what floor you're staying on i'm like i'm in the eight nineteenth floor they're like i thought he he'll tells keith at night i was like no i don't say in the mid level of nothing i'm not don't ever put me there and so he burned me and i was like he didn't even he wasn't trying to burn me was trying to be totally nice but my head i was like oh my god i just got burned and then for the next five minutes don't even know what he said and then i came back to the interview after that well you shouldn't have brought that up you're like look i can't get this out of my did you which is you know when you had that like compounding social awkward where it's like the thing hap you know i'm checking into my flight they say have a nice flight and i say you too you do yeah and then i'm like oh what you're love i'm screwed and then you're like i what i sure just do is laugh it off right now like a smooth guy and instead you just paused you eat it and now it's like oh now it's been too long and then you're kind of you're in your own head about it so that's that's what i did at least you you you accidentally call them at mom in one of those moments i was like when i should it is like fifty five minutes later but like just circling back to that mid level thing i know you didn't mean that right can you say that differently in a way that feels better to me is he like genius is is he like one of those he definitely he definitely that's the other problem too you can't even be like oh the city doesn't know what he's talking about it's like no this genius knows exactly what he's talking about is he working at twitch still not you've retired that's sick alright well maybe emmett will be the new ceo of twitch or clout or something like that i don't know what what's gonna do now like go to mars i mean he's pretty wealthy now yeah i think he's gonna do like you know other stuff in life and we talked about a little bit on the public i think he's gonna like he wants to write a lot like essays and stuff like that like he he was in the first yc batch i think he looks up to paul graham who sort of a mentor for him and and then he really likes other people who have kinda like really contributed to like the intellectual discourse of the world and i think that's what he wants to do for the next little period of his life not go back and operate another company he did that for seventeen years which is pretty intense and paul graham lives i think like as ideal life as one can like he just like go yeah i think he lives in england now with his family and he just writes an essay once a month and everyone just does what he says you know what i mean the cole the the the yc illuminati they just yes sir so it works out well alright so cloud i think is a cool idea but what do you got restarting cloud okay i think that's good i i think i got a different version of of an idea that that was some like similar sort of professional services okay so we've had andrew wi on the podcast of a bunch and andrew is a fan favorite and people i think like us really respect what he's done with tiny it's call it tiny we buy businesses we buy wonderful businesses beautiful businesses right it's a great little stick and he's out a portfolio i don't know thirty companies now at this point and the whole thing is worth i don't know what's the stock worth today maybe seven hundred million dollars or something like that six to eight hundred on any on on getting given week amazing so amazing sort of bootstrap venture and he bootstrap it because two of the businesses out of the thirty are the real crown jewels meta lab which is his design agency and the other one is dr and dr is a business that's very very simple which was it is based on the simple insight every career needs its online resume right every job that you're gonna do needs a a way for you to show what you're all about and get more jobs and so for most jobs we have like to catch all the generic which is linkedin so linkedin is gonna say hey just put a put a resume up here just say what you've done and and hopefully that's good enough but for some jobs you need something more special so for example if you're a designer linkedin doesn't really help you stand out that much but now dr would let you go in post designs so design shots so like just like screenshots or or or images of what you're designing as your portfolio and it became a portfolio site and so dr itself is probably worth two hundred fifty million dollars i wanna say that's fine i'm trying to find the financials i'm trying to find the financials but it looks like in two thousand some twenty two dr did eight million in profit but i'm pretty sure the it's like here it is it did sixty so in two thousand twenty two it did sixty two million in revenue with eight million in earnings and because it's a network that could definitely sell for four five times revenue depending on its growth rate yeah exactly so it's pretty valuable so i think two hundred two fifty million dollars probably what dr is worth now another friend of the pods scott be did the same thing with be hands he created b hands which is a place for designers to post their work to is a sort of a community for those designers to comment on each other's work but the business model was if you wanna go hire a creative come to be hands and so dr b has spoke to the same thing i think he sold b hands for what a hundred million something like that no i think it was one hundred and seventy five of which she owned sixty or seventy percent of it amazing so what does that take me now okay so where can you apply this dr or be model that needs it today so zach i think seven years ago said something he goes video is a mega trend i he go i was like what what's a mega trend is that like he's not z zuckerberg is not the type to just say like flower words like when he says something he's he's part of the words mean things team and so what's a mega he's like your mobile is a mega trend the internet was a mega trend and now video is a mega trend and he's like basically video everything is built on that team who's also i still that words me things emmett it calls it words mean things and i saw him in many many meetings derail the entire meeting because he was stuck like you said this word what does like what does that word mean and they're like us i don't know we all know kind of right and he's said no don't no does it mean this or this and then he's like paint them in he's like no because words mean things to me and so if we're gonna use words they're gonna mean things and we're gonna all agree on those those words mean so that we can have a productive conversation and i was like wow well it's the words means words mean things teams otherwise known as serious people you know like oh he's he's a he's a serious he's he's serious people like when they say a handful of words or like i i know he or she specifically chose that word i love those types of people he calls it words mean things versus team alliances and i don't know what team alliances is mean this is there's a longer there's a longer explanation to that but he's like you know there's sort like two the way people think is in two two teams and one is like oh let's not get lost in semantics and the other is like semantics is everything that's how we're what that's how we are gonna communicate let's let's not be weak about that let's words mean things let's agree on that anyways so z said this mega and if you look at it everything has shifted to video so entertainment netflix streaming all that obviously kind of video news is highly video education has become driven a lot by video commerce is driven by let's say video ads and how you're gonna display your product communications stupid podcast podcasts with zoom please we audio was become completed now have to we now have to go to youtube and i have to wear like a nice shirt sometimes yeah i did i wet my hair like you know used to do it school the water fountain and i wet my hair before the five it's a quick little spruce so videos just make a trend but where do you hire people that specialize in working in video so where do you hire hire people that are video editors or or even like the auxiliary things like thumbnail artists or video strategist where is their be hands where is their dr where can i go see portfolios or like a news feed of people who did really cool animations or cool edits to a video and then be able to hire those people as somebody who's hiring a lot of video people i don't find this site i think if somebody created be hands for video i think that that is a that is a big idea dr for video i think that is completely agree i one hundred percent agree and i'll explain why so i actually had a very similar topic that i was gonna break i was gonna call it linkedin for x and the reason being is i think i think you told me about this it's called docs doc docs is a doc doc doc proximity so basically it's linkedin for doctors you told me about it so i didn't realize it's publicly traded it has a four or five billion dollar valuation it's a great business so it's basically which by the way context it has i think two million doctors linkedin probably has i don't know three hundred million people or something like that hundreds of millions of users fraction and linkedin sold for twenty billion you said is at four billion so it's no five four point eight five okay so it's only four times less valuable than linkedin with a hundred x less customers right because the value customer is so much higher yeah and and so i was reading about it and they had this term that i loved they go we we're we're we launched this because we are always looking for digitally digitally under indexed industries customers and i thought that was a beautiful word was that digitally under some of that and so what that means is basically communities of professionals who just aren't aren't being catered to in a digital format so you could say lawyers you could say actually don't even know what else i mean there's a lot of you there's one there's one for blue collar workers called job case and the reason why this interests me is at hampton what i'm noticing is that even though we didn't mean to do this we're sort of becoming a little bit of a network not quite a social network but i'm seeing i'm like if we wanted to which i don't really want to we could make this like a have you heard of r you know what r is yeah the dating app for a hot people yeah it's like well i i think they call it like elites or something but it's like a paid dating app for like elites like the for the facial we elite yeah or or or the the the the bank elite you know like if you have depends gonna start saying instead of soc economic under privilege i'm officially under privileged and i've been able to overcome this this adversity yeah well and this shit has gotten me really interesting because i think that what you can do which basically what how do you call it doc do proximity what does that mean that some say you you have to know how to say the word nor even get in sounds like a drug for your words mean things sounds don't even mean things but this company do so they're growing quickly they're doing like four hundred million in revenue a hundred and fifty million in income they've been profitable for years and they've built this linkedin for doctors and i think it's a really good business and what i've been really fascinated in fascinated about is what type of niches can you build professional networks that are somewhat ignored because do you go on do you go on linkedin yeah i i use linkedin what does your inbox on linkedin look like right now oh i just ignore the inbox mostly exactly why do you do that i it's mostly mostly junk and it's it's spam yeah so it's like crap it's crap the inbox of linkedin is horrible no networking is happening there and like people mostly use it for their resume tracking and things like that but there's a bunch of jobs out there like lawyers like doctors where it's a relatively small community two million people three million people i think there's two and a half million lawyers in america there's two point one million doctors in america these are relatively small where you could have small it like circles that know eighty percent of the population on the network because i'm a friend with you who spreads with you and then now i'm connected to you and like it's small enough and so i've been really fascinating very similar to the dr thing dr is a little bit more resume and showing off portfolio work this is a little bit more networking and but it's also resume i've been very fascinated by these businesses that do this and the hard part i think with those with any social network is it's like what's the chicken and the egg problem which is like you know it's not good unless we have users but we don't have any users and we need to users yeah but what i've noticed is that there's so many people on young ish people on tiktok who are professionals that are crushing it so there's like a bunch of dentist or ortho people tons and tons of chiropractors like are there's lots of like professional services that are going viral on tiktok and if i'm in this position which i guess i kinda man am where i'm thinking like what else can gonna we do hampton for i was like man i could totally partner with some of these like and create a hampton for doctors but to do a social network i was like i i'm that's not in my skill so i'm not good enough to do that but i bet if i could like convince some crazy person like nikita beer or someone who knows about networking or networks network effects i think you could actually build a substantial sized business for niche professional communities whether they're paying a small fee to be part of it or you build an ad network on it but i'm very fascinated by these like niche communities for professional services that are more than communities but like like linkedin style yeah i think these are super hard and when you do them they're obviously very very valuable any network is really really valuable once you create it but i think these are very very difficult it's really hard to have one idea which is why like i don't think there's like ten ideas like this i think like right now there might be one or two ideas of this that might work which is why for the video one i got excited because i think that it's not take call it's well it's clear that there's an industry where you need this and that showing how good i am as a video editor through my paper resume is bad so you need like you need a paper resume to not tell the story then you need for there to be a lot of people in that industry and a lot of people hiring for that industry that's the combo you need and i that's why i think that this sort of dr for video editors is a multi hundred million dollar idea somebody would would pull it off alright we kinda tag team that one a little bit what you wanna go next here's a different kind of idea so here's an idea that i think would be it's not doesn't require the internet you could turn off wifi and do this idea i like that it's not easy but it's also not really impossible either and so it's somewhere or in the middle and also on the on the upside i think it's also like on the low end you make millions of dollars a year on the high end you make tens of millions of dollars here so what if i told you that in san francisco i discovered a business that does thirty one million dollars in revenue locally here in san francisco no no no revenue outside of san francisco on the thirty one million in revenue it does about eleven million in profit and and it's brick it's brick and mortar brick and mortar wow anna it has a hundred million dollars of assets on the balance sheet do you wanna take a guess on what kind of businesses it is well it's one of the things we've have had listed but does it involve religion it does not no oh what is it it is a private elementary school so no way there are private elementary schools in san francisco so the so one i looked at a bunch of them the one the the one i think that does the best or the one that i found that does the best is one called the ham school and it's based in san francisco it's a non nonprofit so you can see all the financials online but you can see this for for many of them and it's just for girls it's it's a girls only school k through eight i think and how only four hundred fifty kids so four hundred fifty girls go to the school you pay basically a college level tuition so parents pay forty thousand dollars a year to send their kid to kindergarten or first grade damn forty grand are you gonna do that i'm not gonna do that i'm out of the city now but the there's a lot of people that do because they have a wait and a hardcore admissions process if you want your kindergarten to get into school you have to dress up go to the interview prep them be like hey don't make a fool out of us we've been preparing you for four years for this come on perform do the thing and you send them in and they do an interview with them you're you're four year old does an interview i know this school i used to play basketball and they have a sick basketball who over overlooking in the city yeah yeah that's at the top of pack heights and yeah yeah yeah and so there's a wait list of parents dying to get in and they own the buildings they own the real estate that they are that they operate out of which is why they have so much like how many so much value and assets on the balance sheet because they own like huge properties in the prime spots of san francisco so i looked at a bunch of these there's another one burke and another one there's a whole bunch of these that that exist and they range from like you could see okay twenty twenty twenty twenty one how much revenue do they do okay they did fifteen million or twenty million in revenue some are more profitable than others so ham is particularly profitable but the other ones would be like fifteen to twenty million in revenue and two million in profit still not bad not bad at all and they and they would have twenty five million in assets on the on the books and you could see who goes there because they have to list who donate so you could see the donations from different families oh that's the facebook executive and this person is a a famous author and famous movie producer and whatever right so there's a how much do they donate like what what's a big donate donation donations are like low seven figures right now i think you know like they did like a we're gonna renovate the school and they raised fifty million dollars to renovate the school and that's donations outside of the tuition so that's just just please give us money so we can have a better building and you get the the library after you type thing pretty insane so there's a huge number of people because the public school system in san francisco is not very good or considered to be not very good i i no idea what it actually is but that's the reputation it has so i think there's an opportunity to do the following so so the good for them now what's the opportunity the opportunity is if you were ambitious enough you could look at if you cared about this topic if you cared about this topic you you really gotta care about this shit because this is gonna be i don't know it's debatable i think you have to care enough i don't think you have to like be born to educate i don't think you're you know you have to be whatever miss doubt fire here like yeah i think you have to be a smart person who is gonna hold a standard just like he would for any other business a man address as an l elderly woman you do you you definitely don't have to be that that's not that's not recording in that in fact you can't be that probably you probably about what the most ideal teacher is it's miss out far so a forty year old bad and she'll take care she'll take care of both at the same time so so there's all these so commercial real estate is that like an all time low in san francisco there's empty buildings why because remote work it was too expensive and now these companies are basically just trying to get out of their leases so on one hand you have huge office buildings that are going vacant and on the other side totally dead down there right now no it's not totally dead but it's the lowest it's ever been so you you know by low if if that's your strategy this is a good time to do it so i think you could buy one of these commercial or industrial buildings and convert it into a private elementary school now we're gonna need a couple of things we're gonna need a name and a differentiator on the name side i got a few of throw at you you tell me what which one do you like well let's just go and look at bunch of old ship x that names i found here there we go would you like your child to attend windsor oaks would you like your child to attend the prestigious carrington school that thanks and the other one is oh yeah yeah our daughter got into that darby and right if your daughter gets to the fat darby you feel pretty good right now so well are these this famous like streets in england i just looked up expensive ass last name so that was my google search and then i found a list of a hundred and then i started pairing two together like windsor oakley and and and patrick darby together so i think i got some some solid leads there the other things we need a differentiator and when i talk so i have some friends who who have kids that i go to these schools and i asked them i said what what would you wish was different and they're like because i was like you're paying a crazy price i thought they would say something like price or teacher student ratios so this they were like no look these are all gonna be expensive in fact fortunate i did well the number one thing i wanna spend on is my kids education if i you know if there was a cheaper school i don't think we would switch because we would feel like well are we're really gonna try to go for like a a lesser education no this was a waitlist list the price is not the problem and i said teacher student ratio they said now it's six teachers for one kids so on the four hundred fifty kids they have seventy five teachers to to run this school that does thirty million dollars you you did it the wrong way six students per one teacher correct correct got it yeah six teachers for one student would be insane yeah that'd be weird little weird yeah they're around weird so the the i said what's the biggest pain they go you know what i hate to say this i i consider myself a a a liberal person live and let live but there's like an agenda in these schools and the agenda is like very woke so you know like our kids and elementary school have like they're being taught you know that there are like you know what is gender you could be a boy but you're a girl they're like i just don't want my like first grader to be thinking oh i could i'm a girl but i could be a boy like that they this is all public schools right this is private schools oh and so they're like you know and you know there's like just such such a heavy in in influence they they said you know it's crazy in our elementary school there's is there are like clubs that are you know it sounds like what you would have at like maybe a a a very liberal college but like i don't feel like has a place in elementary school just like kids be kids so the differentiator is gonna be hey what happened to schools teaching math and science let's do that right that's what we're gonna teach we're not gonna teach some political stuff we're not gonna teach all these social issues like their kids let them be kids we're gonna be a hardcore math science stem education school we're the best one is that no no that's this is that's what that's your darby is gonna be i love it hardcore math science and we don't subscribe to all we keep the the the politics out of the school that's the that's our only promise you're here to learn and we're gonna learn these topics and we're not trying to shape your kids socially or politically in any way you and i have a friend who's got a well he's just turned he just became a teenager thirteen and i said hey hey brian how how's school going you know i about that age you're you're you're liking girls i bet you you anyone you'll have a crush on no it's not really working out well why not he goes they're all non binary and i was just like what what he goes yeah there's only one that's heterosexual and assists or something like that but the rest are non binary and the girl i like is non binary so she said she can't be with me and i was like alright well that is a pain in the ass i don't know what to say to that yeah no advice i have no idea what we talking about yeah yeah so what do you wanna have for lunch like it it it like it it it it sounds really challenging honestly most of times generations we'll say like oh you have it so easy i had it so much harder when i was your age right not true here i do not envy a twelve or fifteen year old in in in that at that age which just a different right and i i i don't know if it's better or worse than hardly saying that but i do think there should be options in the market for what you want some some people real really do want their kid to be exposed to a whole bunch of different issues it'd be a a well rounded human being and well versed in a bunch of different issues and other people are like you know i don't really want my kid thinking about that i just really want them to have a good education learning about math science you know reading writing those things and i'd like the school to do that and i will handle the kind of like the outside of of of those that curriculum type of education so i'm not saying one whichever phrase reason gonna be like be different well where well rounded this goes to die or something like that hardcore for science machines yeah what we create we don't like standardized testing we love it yeah so yeah you you've got something in here diversity here is javascript something alright that's cool but that's crazy that bit school makes that much money yeah who woulda have thought i didn't really think about like ever like oh because you could create a school that that school if it's doing you know you know any of those schools those are basically like somewhere between fifty and two hundred million dollar assets if you were to sell them maybe more if they one of them has a hundred million dollars of assets on the on this balance sheet like these are these are very big businesses that are just one location brick and mortar schools with four hundred customers that's kind of amazing did i ever tell you about the time i was a tele no so at my high school if you needed some money the best job was to be a tele and what were we selling for what yeah what were we selling you ask we were begging for money and so what they would do is you get paid ten dollars an hour but you'd get a commission and you get pizza and i work that job for a year three nights a week and what they would do is every time you'd sit down at your desk goes in the evening but they paid commission salary and pizza dear diary yeah jim that was the thing was like was sixteen that was the thing we had dinner it was they had soda and pizza and you'd sit down at your desk i'd work i worked there from like three pm to like eight pm you sit down at your desk and you have a phone and then you just have a box of note cards and on the note cards it says how much the person donated previously what their resume is so where they worked and what their age is and what you would do after this is a little trick of the trade you find the oldest person there who's got the best career or who has previously donated the most amount of money and you line those up and you just start calling them and you say you know hey mister hey hey hey mister smith this is a sam at s your alma mater i know you graduated here in nineteen fifty six but look things are going great here but we need some money in order to build this thing or that thing can i count you down for a five thousand dollar donation this you did three thousand dollars two years ago but times have changed my friend we gotta step it up like you wanna be a man for others or not now is the time and like we would like we had these scripts that we had like sell these guys on giving us money to build something and i would bring in i don't remember the exact numbers but like tens of thousands of dollars a month in donations from these alumni and that was my job we're just to call these guys constantly and we would do i don't know maybe a hundred calls or something like that a night just trying to get this money and you would get like if you brought in five grand boom you got a hundred dollars like that's what we did and it was the greatest bracket on it i don't remember exact no we weren't making because the money had to go to the school was this legal or was like was there a jan over overseeing you what was going on here who was running this program i can't believe they the history teacher yes it's a history teacher that was that was like his side job his side hustle was running the boiler room you know can he was the jordan be and i was like the little the little scrum or the little scrub just like you know smiling and dialing he's like you guys want some crackers yeah yeah crackers are for clothes j on the phone bar yeah you're like walk behind you like sam at a work call could you please can you please hang that up and your finger broken why don't you dial her bar but that's what i did it was awesome i mean don't you have that doesn't do people call you and usually what they do is now what they do is once you get old enough they hire your friends to be the person so like if we went to duke together i'm gonna call you sean and be like hey sean what do they do that what yeah so like my high school now i'll get text from people who i was quaint acquainted with and i'm friends with and here's the kicker they'll say shit like hey i know you i follow you on social i know you're doing real well i'm about coming for five thousand and i usually got a baby on the way you know that that maybe be like it's like do i flex right now like because i'm entirely driven by making my high school friends or my high school classmates like i wanna be a big shot to them that's right because you know i got made fun of it that's all i that's all i care about is is bringing it back to them so but i gotta give five grand to this fucking school they get me all the time it's been working so effectively but that's how these tele marketing things work you don't get calls from duke ass to give money bring hey it's duke lose my number barking up the wrong tree never happening can't believe i gave me money i gave you the first place yeah man it it's like a pretty funny thing i mean that's how i have a multi billion dollar endowment you gotta lose my number you're not calling me for money that's all bullshit right if my high school or something called me alright maybe i hope they don't but you know i i wouldn't really feel as aggressively upset as i do if due calls if your number could also be a country's gdp you're if you're endowment could be confused with like a caribbean regionally yeah yeah yeah yeah we're out like you should not call me yeah that's too fine alright you wanna do wanna do a couple what do you yeah i got i guess some good one let me give you a quick what what by the what is duke endowment it's in the i don't know multi billions do get endowment size twelve billion is it really twelve billion and duke not even like a come dare level that's there's a mid level ivy it's a mid major it's definitely a mid major not even a good school i mean it's do top twenty it's top twenty for sure right yeah it is yeah is it but is it top twenty you think in terms of endowment yeah i think so i think so that is insane billions of billions of dollars in endowment they could basically just run the school off the investment income oh yeah totally i'm surprised that more people i'm surprised that anyone gives to these to these schools i don't understand at all alright so the top yeah it's in the top twenty so harvard number one is forty billion yale two at thirty texas thirty stanford twenty seven and then at the bottom of the top twenty is cornell with seven million that insane that is insane seven billion sorry that's that's ridiculous yeah i don't know why those guys would be calling you but i bet they do they need your fifty dollars well i tell you about one of the really smart ideas was this thing called i forgot the name of the parent company ben see if you could find it it's they've made this thing called tower view so one of the big streets do campus tower view and it's like the name of some magazine there or something like that it's like a it's like a reference to something we remember from from school and it's basically tower view venture who raising money for for a venture fund to invest in alumni from duke it's like oh yeah duke has really smart people so you know we gonna invest those companies they've had these winners before cameo and blah blah blah blah blah and they basically do this they spin this up every single top school called it i think alumni ventures and they just spin up small funds for every single school and and then they just run ads and call you try to get you to donate try to get you to invest in their fun and they're like cool we're just gonna have like like like tar ventures they have like a started in twenty nineteen there's you know it's on fund five now for for the duke one and like i don't know how big these funds are but like even if they're like ten million ten million dollar funds or twenty million dollar funds you take two percent every year of management fees and twenty percent of carry across this times fifty other schools it's like a pretty genius way to like pull up large rates of so they're school but there's i are they does the the school give them permission and use their name well they don't use the name they say we're tower aviv ventures and we're investing in duke alumni so they're not saying we're fund but it may they very much make it through that i will colors match it's like here's all your school colors or everything is like you know based off that that's a scheme that's a that's a hardcore scheme right you could do that for belmont i mean like like a a fifty thousand dollar funding and ain't get go far do you think hear like belmont most successful alumni from your ear yeah yeah no i got beat you know who was who florida to georgia line what you know that florida georgia line that ban no you've never heard of florida georgia territory those annexed dude well the florida florida georgia line is like if you go to your spotify right now and like you look the top one hundred tongs i bet most years they have one or two song in your twenty yeah you know what it's on cruise like even nellie made appearance i mean you're just do that do you know who nellie is would you like to pants me right now in front everybody know i don't know who any at these people i know nellie but yeah it's like mike pose was in my ear and know no what do you know morgan wall do you know who that he's the shit i love that guy they're more famous than morgan wall oh wow so i'm not not not not to you but they put they help put morgan wall in on the map because morgan appeared on one of their songs anyway it they're like a morgan wall and famous band so they might be number one i think i might be number two but you know what they never fucking call me i got mad at them because here's let me explain i got mad my mom was gonna come and watch me graduate but i didn't finish school on time and i asked like the teachers or whatever i was like can you guys just give me like a fake diploma just let me come on stage and not tell her and i'll finish it at another point and they're like no it's a tradition you have to we have to literally hand you to diploma there i'm like just give me an empty folder i don't i don't just i literally just wanna be there on stage just let me have that empty folder and they wouldn't let me do it and so forever i'll wow i hate belmont because they wouldn't let me just walk in the stage and just let me shake that guy's hand and turn the fucking stupid be thing to the side and they wouldn't do it so i i will always be man belmont off for that reason wow what what yell for them alright i got got a couple more so let me see where i wanna go can i can i just rapid fire for you some ideas go we don't have to discuss them okay exporting and i you know my import export framework my import framework expert framework is if you're at a company and you wish something you're like dude we would totally pay for this that's a business idea you would wanna import you're better off going and starting that business because it's probably a hundred other businesses like you that would pay for that or export is we we built this for ourselves and it's so useful you're better off leaving the company and then rebuilding that on the outside of the walls and selling it to other companies here's what's slack did yeah exactly slack is a good example of this so paul graham tweeted this out the other the day that like yc has its own directory internally about investors where any startup founder can go look up any investor and he read their reviews or kinda like what's the scoop on this person have they done anything f up are they really helpful what's their you know what do the what do we know about this person and he's like this one of the best products that yc he has and i'm like why is that a product only yc he has this should be a product that anybody has so i think somebody should export this out and it's like yelp for investors where investors have a reputation on this in this app and it's all you can only right about them if you had you know like let's say a verified interaction with them or something like that dude that's great i think i i wish i could have that for a variety of vendors the things that people ask for most at hampton is like hey who's a good lawyer who's it a good accountant who's this who's that it's incredibly challenging to find reviews on vendors including investors it's super hard to start these types of businesses but i think the the startup community is so insulated that you could actually overcome the chicken egg problem through brute force because there's not that many investors and you could find you can quickly see who's worked with them just by looking at their portfolio and you could cold email them and be like give me the scoop and i think you could manually collect the data to get this going alright here's another one teacher's pet is what i'm calling this so this is my first ai idea for you here so you're aware of teacher's paid teachers which is a marketplace it's like etsy by instead of buying and selling handcrafted goods you buy and sell lesson plans quizzes that's some things that what you're paid teachers pay teachers in have you ever heard this we talked about it in a while we talked about it a while ago right it's a big business so it it was doing like eighty million dollars a year in revenue that's like their take not the gm that's their their take and it gets like twenty million visits a month during school three hundred teachers on this network have made a million dollars of more by selling lessons of selling quizzes of selling classroom materials to other teachers so like their new profile picture pictures like fuck them kids like i'm i'm a creator so like these marketplaces are big and marketplaces for for the most part are pretty una it's very hard to go compete with something that has a network effect but i think ai is one of these things that might be able to crack some network effects and i think ai could crack this one so i think you could train ai to crawl and learn from all of the materials on this network you can just go buy all the materials on this for probably like less than five hundred thousand dollars and then you could use that as your training data and you could train ai to basically become chat gp for teachers so you so any teacher should be able to come to this and instead of going through and finding what's a good geography lesson plan and then going and buying it for fourteen dollars you just go ask this saying hey i need a geography lesson plan for fourth grade make it fun and interesting and it should just create one for you so i think if you created this you can have a twenty dollar month subscription just for teachers to create lesson plans using ai or quizzes or teaching materials or whatever teacher's pet a good name too yeah i you wanna to yeah have one more i'm big on providing a name with some with these ideas i think that that really turns it from like a i don't know to like where's the application form for that darby like how do i get in what's this you just have this lot of phrase that's for some reason funny to me you call it in oz epic on ramp and then an oz zen offering yeah so these aren't fully baked ideas but i'll just spit all the way right so when i was thinking about this you know you wanna surf on waves if you're starting a business so what's a wave you could surf right now oz zen i think it oz zen is like if videos a mega trend guess what fat loss is a mega be a mega too talk have be shiny yeah no no i have a tried but i know a lot of people that wanna be on it or get off of it or or on i got a guy if it i got a guy i could referral them no no it's expensive though it's expensive yeah i'm not interested but i know a lot of people are so i guess the question is what could you build around this oz mega trend so my brain goes to on ramps and hot frames how do you sell something to people that makes it easier to get it or help people get off of it so for for getting it if you go google just like i don't know like how do i take oz or like getting oz near me you get a bunch of like kinda like sponsored links for like telehealth services that are gonna try to like you know sign up for this here's the pills basically but what i think somebody should do is i think somebody should go old school with it i think somebody needs to create a oz hotline line and what's the oz olympic hotline line so the hotline line is old school info commercial shit so you're gonna run ads on linear tv on fox news you're gonna be the my pillow guy you're just gonna be everywhere that like people who like you know forty to sixty are are clicking and or watching and you're just gonna show people's transformations and oz and be like call in now to you know get a free consultation are you eligible what are the upsides what are the downsides how much does it cost work can you find it so confusing we're gonna make it easy we're gonna give you a free consult and you basically just become a lead gen provider for people who are trying to buy a zen but i think you gotta to do like one eight hundred like got apps or something like that right like one eight hundreds you know but that goes against all your principles since you hate which principles as i like to say one million well we could find them somewhere deep in that closet but i i believe one or two of those principles be besides which is coming out of left field the fact that you said that you don't wanna kill animals to eat that that that's that's such a curve ball coming from you but i think the other one was i think you hate pharmaceuticals no no i don't hate pharmaceuticals i don't personally take i don't personally try to take a lot of stuff i try not to be dependent on anything you know as a general rule like caffeine i don't drink coffee i don't do i don't do a lot of stuff like that you know people take like you know i don't you you love stuff you're like oh i'm i need nicotine i need this i i love carbonated waters in diet coke yeah so i'm i i try not to be on any of that stuff but but people are this is a business opportunity i'm not doing this i'm saying somebody could create a phone based way to educate people and help onboard people or on the other side you could figure out an offering ramp so so a lot of people wanna stop this either it's too expensive or driving side effects or or they just feel like they got the wait weight loss they had they don't wanna keep taking this forever how do you off and i don't know the answer to that but that's i'll tell you the place to go look what's the answer you just don't take it not none bad happens you just don't take it yeah but i don't don't gain a bunch of weight right away or have like any sort of like i don't know nothing nothing that's this effective has no cost when you stop i i don't believe that yeah so basically the the when the the study that they did was they took two or three thousand people they had them do it for six months and then after six months they had half the people quit taking it and what they found was at the end of the twelve month study the people took it the whole time lost something like a third of their body weight so like a three hundred pound person was two hundred pounds and then the people who quit taking it they went from two hundred pounds back up to like two thirty or something like that so they gained weight back that they weren't nearly as fat as they were when they started so they but they did gain weight but so yeah an all ramp is fine but i don't think you have like a withdrawals like that's not gonna kill you you're just gonna like be like oh i'm hungry like i wanna eat again yeah and maybe it's just like peer groups or something i don't know is there something you could provide to this large group of people that all have now like one they're going through this one new experience and i don't there's gotta be auxiliary things around it that's so that's a that's a place i would look for business ideas alright i gotta i got another one for you i heard something the other day they just really caught my attention i think it's a cool idea but it's being done in the wrong way so i listen to some podcast and the guy who was talking and it was like yeah i did mind sport and blah blah and he started talking about mind sport i was minds what a what a great name what is that and he was a really smart guy he was talking about game theory blah blah blah and i looked it up and mind sport is essentially the nerd olympics so mind sport is a place that you go if you're uber smart and you compete with people in those games and so those games can range from chess to poker to sellers of cat katana or go or whatever or like rubik's cube yeah like you know if i was like let's just put it this way sam if i was to tell you you know but this i could solve this cube in the next you know ninety seconds you might not think i'm a genius but you probably don't think i'm an idiot would that be fair are you good to solve that right now is i gonna be part the show because that would be great i wish i could solve this i am korean guy close i don't know what the hell you're supposed to do with this thing i treated like a fidget spinner this movement and i'm like that's cool i got two blues and three yellow that's awesome got for me i got top on the back that i move on yeah this so there's the mind sports lit they you're in you're in the special mind spot to be exactly i'm in the mind jog the mine's not moving that fast so so basically you go to this thing and you compete in all these games are you can eat in your game but you can also compete in the pent to mind championship which is where you're gonna play five of these games i'm like oh my god like i even nerds pent to mind means the you coachella for nerds and i was like this is amazing and i just i cannot tell you sam how all in i am on the minds sport of olympia i wanna go i wanna watch it live like i watched the spelling bee live on espn i wanna watch the hard knocks documentary about like you know following five of these people behind the scenes and watching them stress out about this i wanna adopt one of the kids in this and just have them be like you know my seventeen year old child and most of all i wanna hire all these kids this is so awesome here grooming damn so it's a rumor complete wrong business model this is not a tournament with prize money and thanks to our sponsors wendy's no no no no no you've got this all wrong this is a recruiting event for the elite minds under twenty five years old and i was like this is bait to bring together the smartest nerds in five years these kids are not gonna be playing professional settlers of katana they're gonna be starting companies or working inside companies and guess where i want them to work my companies and so i think that you should take this idea create a version of this but it needs to be a elite recruiting service slash job slash demo for nerds and you need to basically when they attend they need to basically somehow like sign over the rights for you to like send them job offers for the next five years or like you know get to invest in them or something like that because i can't think of a more valuable talent pool then the mine's portal epics olympics and i like think i could do this for gamers in general i love investing one of my secrets of investing is i invest in former competitive gamers you know people who were elite level at you know star craft or things like that those people just tend to do really really well at whatever next game you throw in front in front of them and once you throw the money game in front of them guess what they solve it they figure it out and so there's this yeah listen there's this thing called the world of memory championships have you heard of this no signed real and if yeah it's so they've been doing this since nineteen ninety nineteen ninety one and there's a different game so basically we're gonna get you we're we're just gonna give you thousands of numbers and you have five minutes and you have to tell us like in order of the numbers and the record for that is six hundred numbers and they only had five minutes to do it the one hour number is the same thing except you have one hour to do it and and the guy who won that did forty six hundred numbers in a row you remembered that and so they do these ten different games and in the same way that the u used to be like this like a bunch of thugs fighting like it was like barbarian but now it's like the it's like it's half w e or in w w f where it's like you know you slap up my wife now i'm gonna beat you up but it's other half like mark movement it's yeah your your movement is magical look at his movement so smooth this is pete physical performance we need we need dana white you know or a visit man to buy the world memory championships and we gotta make that great because i'm looking up the guy who wanted it alex mu he's a he's a kid or no he's or i guess when he wanted he was twenty eight you know what he does for work now he's an x rate person at a hospital x extra tech x rate tac he minimize rays whoa why is this guy not guys like his hipaa compliant what are we talking about yeah why is this guy out working for like you know black rocker or blacks stone just like rain man in his way to like you know corporate buy i'm saying maybe undervalued assets these are these are hidden gems i'm not all in on memory because i think memory is like the p version of the the olympia ad like these other guys are like strategist but like memory is you know any rub can do memory really you know my but if you're i can't remember seven numbers little than six hundred i can remember two thirds of any phone number that's all i idea alright yeah so that's that's one idea yeah i got a couple other for you let me hit you with with one more maybe but we were out of time here but i'm on gonna go into overtime here and give you one more let's do one run churches okay so something you know a lot about another area that i'm completely un un unsure but i know that other people do it michael gi tweeted this out there the today day he said thirty five hundred churches are closing every year i say well what's what's that about what what is that it's a big number and it's not exactly right actually like what happens is four thousand churches closed last year but another three thousand or two thousand open or something like that it's like a net change of fifteen hundred churches but but towards a negative and there is a bunch there are bunch of stats about this so if the you know in in traditional churches so the christian christian churches attendance is down sixty five percent in the last twenty years sixty five percent and what happens is when the pews are empty there's less donations so then these structures end up having to close down and there's a trend basically they they called them like you are you christian are you jewish are you muslim what what are you and there's a there's a group called the nuns they're just none i don't know why they're calling them nuns instead of like sort of like atheist or whatever like wait nuns like n u n or n o n e yeah that's all that's that's also confusing when you said nuns i was like a bunch of ladies in like comments honestly they slip up on their part yeah but they could be the zeros they survey that and for gen z i guess forty five percent would count as as none of the above essentially for for for religion and this guy who study churches or whatever said that of the three three hundred fifty thousand christian congregations in the united states one third are like vulnerable on the brink of collapse basically like one third are like in the red zone and over the next ten years will likely close that's a huge number and what are the opportunities so i think that there's i think you could approach this from multiple angles so again not a specific idea but i do think you could look at this when you hear a stat like that that's just an that's just one that gets your attention like when jeff bezos heard the stat that like you know the internet is growing at twelve thousand percent a year he's like ugh i better go start amazon and then basically i think you could do that around around stats like this so how are these churches gonna close down that in itself the sort of the vulture business or the cleanup of the funeral business for churches i think it's kinda interesting how are they how forget saving might help them help my eye with grace in my neighborhood one block from my house in saint louis they turned a church into a aca condo right yeah exactly so and then i found there's a group called niagara consulting group and they're basically like we help you restructure your church what do they mean by that it's basically look there's a lot of developers that are chomp at the bit to turn this into luxury condos like we help you try to succeed but if you don't we'll get you an offer from one of these developers to turn this into luxury condos and i was like oh interesting but in a lot of places they can't even do that because it's like you know like low low income areas that there's not really they just sit there empty so i think there's a lot of opportunity to figure out how to deal with this i think there's opportunity if i'm a company like calm could i take fifty million dollars and just buy physical locations across the country in one year through these searches and just have a weekly service for meditation and whatever like even to have like like you know just local chapters basically franchisees that that are gonna run them so i think there's there's something to be done here whether it's trying to save them trying to help them fail gracefully figuring out what's a what's a pivot you could do for a lot of these i thought you just put us in a little link in here what you got so that's that's ten doors down from my child at home or my mom and dad still live beautiful it's a church that they turned into a seven eight thousand square foot house and as a house it doesn't look that cool but as like a meditation area like it doesn't look cool as an airbnb fantastic you know yeah but look it's one point two million dollars and it's a eight thousand square foot i mean it's in saint louis missouri ram from which isn't that nice but they this company renovated this church into like a l house and then i'm met these other guys who turned one into a skate park they turn an old church into escape park and so it's like it is pretty fascinating because a lot of these buildings are kinda cool but to have like the church of calm that's kinda dope and then if you're gonna help them i think this gonna be a side hustle so like the church mirrors us they actually have like awesome events all the time and i love to take our kids to it because it's like they just put on great events wholesome fun events for for families and kids but it's so hard to even know what the hell like literally the only way i know is if i drive by they have a little sign they put like in the front like a four sale sign but it'll be like we're doing something this saturday it's gonna have popcorn in bouncy house they're like oh i i'm mean but i only catch it driving by i'm like these guys don't know social media and i had to call them to be like hey if i'm like an indian dude there's not a member of the church can i still come get the free popcorn like you know what's the deal around this are you like your doors open are they gonna have like a color swatch like come in like you're not wind up exactly like do you need to have recognized me you know like oh how does this work and so i couldn't even make get a hold of because i was like they're they just have they have like one old facebook page with like you know an event from twenty fourteen and i'm like dude churches need better social media and i was like i think you could just create like done done for you social media services for churches if you wanted to get like a ten to twenty thousand dollar a a month side hustle i think you could just do that just by going to every single church just walk in and be like hey your social media is not very good i can make it look like this and then you basically go on shepard you hire somebody for eight hundred dollars a month and that person's is gonna manage twenty churches social media for you because all the churches do hey it's the same schedule it's every sunday same templates you just need their color their name and you need to know like what's going on for them like you know just manage the all of their instagram and you know like social media accounts for them so i think that's one that like it's not that nobody's doing that but there's plenty of churches that are not on board that and if you just wanted to go sign up a bunch of clients for three hundred to four hundred dollars a month you could do that did you do you remember this so have heard of a hills song like when i is like hills song church yeah when i was it live in tennessee i've been in at atheist forever but i was just like a lot of cute girls are going to this i guess i guess that's the price to be that's the price they i gotta pay it's i'll go to this like so i went to this thing to be like meet some people and that's how i kinda learned about it but for in the later two thousands there was this guy who who somehow infiltrated justin bieber camp and he like became justin bieber like mentor car lengths and there's a new netflix show about him but basically he's like i he's like he's like a smoking hot guy like you y he looks basically like justin bieber in his forties like he looked great i don't most men babe but he's a babe well he's a babe i mean like objectively like you know like you're either seven foot tall you're not like he's seven probably talk i think i messaged he wants about him and you were like dude he's got the thing like you know like the the diagonal lines that just point to your crotch it's like second ab line that you only have of your super ripped he's got those he what kind of pastor has he does yeah if you're a pasture and you have that v it's bad news and as as one could just look at his v and guess he did some i don't know if he did any illegal things i don't i i didn't frankly i don't watch your documentary i don't know i don't think it was rape i think we just cheated on his wife and yeah they just had sex with just everyone so gonna take that as one as one with all the power and the v might do he's he's also super charismatic super good looking how's like you know a huge following from being on stage in front of ten thousand people every week or whatever you know he's a mega celebrity he was yeah he's a make celebrity but he made hills song cool like i even went to one of those things because the girl was trying to date was like come to this thing i love music their music's is great yeah so i went i went to that thing just to be with this girl and one worth if it didn't work out but but yeah that's how i learned about some of this religion stuff dude and where i'm from saint louis all the catholic churches are dia but like the all the catholics boulder are are going by the wayside one one of the the things that i learned when i moved to silicon valley was a a new way of looking at businesses that i hadn't really ever heard before outside of silicon valley which is you a most products are actually a bundle not a product most things are a bundle and once you can identify what's in the bundle you could figure out how to you un bundle that service and make something better so for example peter till went on a spree where he was talking about how universities are a bubble how the university system is is overrated he was gonna launch the teal fellowship which would pay you two hundred thousand dollars to drop out of school and do something useful with your life and that's where fig came from and that's where audio rooms came from that's where you know metallic the creator ethereum wasn't he was a teal fill there's been ten billion dollar companies and so far i've come from it real actually a very impressive track record and so one of the things he said was that they're like how could you you know it was it was sort of like taboo to say like you know who says like anything i against school right like everybody's messes message basically stay in school kids and he's saying drop out of school kids and so i give you money how dare you and he's like well the university is a bundle he's like it's partially education so there are there is education it's partially socialization so you know you go there to learn how to like party and be with other kids and date and get drunk and all that stuff it's partly babysitting so it's basically my kids kid's not old enough they're not mature enough to get to the real world yet like four years over here and let let them simmer a little bit then they'll be ready he's like it's partly insurance which is like a societal insurance like look i don't care what you do just get a degree get a college degree because that label that stamp is gonna be whatever he's like it's partly accreditation so like i don't care if you're the top student at harvard but if you got into harvard that's a signal the strong enough for me as an employer to know that you're smart right like i if i know you went harvard it's a signaling thing so he's like you're actually buying all of these things when you buy into university when you pay the crazy cost of university and we have to ask ourselves what part of that bundle is actually important and what part of the bundle is failing is is actually a weak part of the bundle that could be un bundle and so what he did was he switched the accreditation one he's like cool what if i created something i have a brand peter t i invested in facebook i created paypal what if i pan you know forty of the most promising college kids and paid them two hundred grand leaf school now i've instead of having just like some normal school badge which is good you get the teal hand picked badge which is even more elite i'm gonna like un bundle the university to give you an more elite badge and then i'm gonna get rid of all the rest i don't care about the socialization don't care about the rest i'm gonna be ten x better at this badge and you know like yc see is ten x better at university in certain things than in others and so that's brilliant yeah so the question is what is the church bundle the church bundle is a combination of lecture for learning community a place to gather and congregate every week it's just a peaceful place like i like going into church i used to go to church not for like like i kinda like the sermon but i just love the feeling of being inside of a church the aura of inside of a church was just very peaceful and grounding to me so it's a peaceful place it's also therapy slash confession so a place to get things off your chest and and kind of with that is like being absorbed of your sins like you're just getting a clean slate i like oh okay i feel less guilty you know there's music so some people go for the music vibes some people go for the food like indian temples all have like free food i don't know if churches have that or not but like indian temple like a lot of people i know go because i they actually like love the meal but it's plus a good thing you show your loyalty to god and so if you take this bundle of a bunch of things oh also dating i i put i put this on there like i know bunch of people that like they kinda wanna meet someone who has maybe their values or like right you know like sure yeah is like matches in some way and they're like oh this is better than going and trying to approach someone in a bar where it's noisy and i'm getting rejected like what if i i this is a new sort of like social scene where i can go approach somebody alright so i think one big the small version of this idea is like social media for churches the medium version of this is like restructure these churches into condos or figure out some lead gen where you maybe you you help them as they wind down to sell off assets or something the big version of this idea is figure out how you're gonna replace the value that churches gave people but can do it in a way and so like for example could you create a new brand it'd these same venues that's around out like meditation or something like that or meditation or yoga like could you create a yoga franchise that only operates out of churches and some blend of like it's cool religion and churches right start religion and yoga and like i think those are the big ideas which is replace the function one of like be ten x better on one of those bundle like ten better on food or music or the sermon or absorbing you of your sins like you know do do try to be better at ten x better of those and they use the physical locations of churches to like build that new franchise that's a very you that was a good that was a good speech you did good on that one thank you we're gonna now now we're gonna have bunch of you we're gonna have a bunch of soul cycles on the altar would good which is lot cooler than how it is now but that was a good you that was a very compelling argument thank you i sort of ventured into drunk ideas territory there but i feel like around we a little bit yeah that was a good one that was a good one i'll let you that's that's the winner or dr the dr shit is the is the winner alright there we go that's it that's the idea up so you know what to do do they just get all these ideas for free sam well they don't to pay money oh but it's not for free but so they to pull their wallet but what i have to do well i think what they gotta do is go to youtube go to your podcast app search my first million and you gotta click subscribe you gotta click that button for us because we're out here churning out million dollar ideas billion dollar ideas sign hustle ideas for you all on a labor day no left i i mean there's only one right move there's only one way to pay us back and that's what it is go subscribe to the channel that is called the gentleman's agreement we're not gonna go check we're not gonna we're not gonna verify this alright it's on code this is a gentleman's agreement we did it we did our part at you do yours that's all alright thank you that's a pie yeah i feel like i could rule word i know i could be what i want to put at all in it like the days off on a goal travel never looking back

Episode Notes

Episode 492: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/thesamparr) are back with a classic business brainstorm episode. They share 9 business ideas — everything from Dribble for X, to capitalizing on the Ozempic mega-trend, to building an AI-enabled marketplace for teachers.


Want to see more MFM? Subscribe to the MFM YouTube channel here.

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Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/

• Ideation Bootcamp - https://www.ideationbootcamp.co/

• Copy That - https://copythat.com/


Check Out Shaan's Stuff:

• Try Shepherd Out - https://www.supportshepherd.com/

• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant

• Power Writing Course - https://maven.com/generalist/writing

• Small Boy Newsletter - https://smallboy.co/

• Daily Newsletter - https://www.shaanpuri.com/

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Show Notes:

(0:00) Intro

(2:55) Klout 2.0

(13:00) Dribbble for X

(24:50) Private Elementary School

(35:20) Sam's telemarketer days

(45:00) Yelp for investors

(46:50) Teacher's Pet

(49:10) 1-800-Ozempic

(54:00) Recruiting Elite Nerds

(1:00:20) Failed churches

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Links:

• Klout - https://khoros.com/platform/klout

• Dribbble - https://dribbble.com/

• The Hamlin School - https://hamlin.org/

• Towerview Ventures - https://www.av.vc/funds/towerview

• Teachers Pay Teachers - https://www.teacherspayteachers.com/

• Mind Sport Olympiad - https://mindsportsolympiad.com/

• Niagra Consulting - https://www.niagaraconsulting.net/

• Church house - http://tinyurl.com/y33rfmbr


• 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.

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Other 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

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