My First Million
Brainstorming $100M AI-Proof Businesses
· Summarized
Key takeaways
- Anti-digital businesses are emerging as financially viable alternatives amidst a tech-centric world.
- Social clubs and co-working spaces that meld social interaction with work are increasingly popular.
- Innovative ideas like phone pouch technology show that simple concepts can become substantial businesses.
- Adopting a long-term mindset in personal projects, such as writing, is crucial to achieving significant results.
- Community and belonging are increasingly important as people seek ways to connect beyond digital interfaces.
Summary
Exploring Anti-Digital Business Ideas
In this episode, Sam Parr and Shaan Puri dive into a trend of 'anti-digital' businesses that have proven to be successful in generating significant revenues ranging from $10 million to $300 million. They discuss the compelling focus on ideas that resist the growing dominance of technology and digital solutions.
Shaan's Country Club Experience
Shaan shares his humorous journey into joining a country club, complete with initiation fees and membership perks. Their discussion humorously highlights the nuances of exclusivity in social environments and primarily revolves around the high revenues such clubs generate.
The Rise of Social Clubs and Co-working Spaces
The conversation steers toward the emergence of new social clubs and co-working spaces, exploring successful models like Chief, The Malin, and Soho House as well as the trend of blending social interaction with workspace amenities to cater to the needs of remote workers, especially in urban settings.
Innovative Concepts for Family and Pet Owners
They brainstorm unique business ideas including family-friendly social clubs and pet-friendly housing, presenting these as creative solutions to meet specific demographic needs, highlighting how they tap into the market trends of community and belonging.
The Success of Yondr's Phone Pouches
An interesting segment discusses the story of Yondr, a company that turned phone pouch technology into a lucrative venture, attracting significant financial success by encouraging people to disconnect from their devices during communal experiences.
Mindset Shift: Writing and Creativity
The hosts discuss the importance of consistent writing and creativity, showcasing how structured habits can lead to great achievements. They reference famous figures such as Robert Caro and Steve Martin, emphasizing the value of a long-term mindset in creative pursuits.
Sponsors
- HubSpot · Want to start a business with less than $1k? Get the guide
- Zero Bond · Links to a social club that embodies exclusivity and is trendy in New York City.
- Chief · A social network for women executives offering resources and community.
- The Malin · A trendy co-working space that combines social club vibes with workspace functionality.
- The Lighthouse · A creative co-working space designed specifically for creators.
- Neuehouse · A work and social home designed for creatives and innovators.
- Soho House · An exclusive social club and hospitality brand for a diverse community.
- Yondr · A company making waves with their phone pouch innovation at events and schools.
Show notes
*Want to start a business with less than $1k? Get the guide: https://clickhubspot.com/obd
Episode 739: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about anti-digital businesses that are making $10M to $300M a year.
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Show Notes:
(0:00) Shaan joins a country club
(06:28) IDEA: Social Club
(11:04) IDEA: Family club house
(12:10) IDEA: Pet Owner Housing
(19:47) IDEA: $300M Anti-phone pouch
(32:53) MFM’s Pascal Challenge (24hr phone fast)
(34:29) The greatest biography of all time
(37:22) Steve Martin's 40-year mindset
(41:31) Dialectics
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Links:
• Zero Bond - https://zerobondny.com/
• Chief - https://chief.com
• The Malin - https://themalin.co/
• The Lighthouse - https://thelighthouse.com/
• Neuehouse - https://www.neuehouse.com/
• Soho House - https://www.sohohouse.com/
• Yondr - https://www.overyondr.com/
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Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies!
Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com
• Hampton Wealth Survey - https://joinhampton.com/wealth
• Sam’s List - http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
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