#113 - From Furniture Store to Water Delivery: The Millions in Boring Businesses
My First Million23 Sep 2020

#113 - From Furniture Store to Water Delivery: The Millions in Boring Businesses

(0:46) The guys break down Frank Slootman (Snowflake founder’s) Linkedin post, (7:45) Sam brings up Rocket Internet, a German company that clones mainstream startups in smaller geographic markets. They scale quickly and are formulaic, (8:30) Sam is fascinated by Danny Meyer, founder of Shake Shack among other places, (10:05) Shaan shares his story about the Melman’s and their empire, Lettuce Entertain You, (13:38) The guys discuss Hamdi Ulukaya the founder of Chobani, (17:50) The guy’s talk blue collar businesses, including Waste Management and its founder Wayne Huizenga, (19:30) The story of Rose Blumkin, founder of Nebraska Furniture Mart, (21:11) Shaan talks about his water problem and subscription water companies like ReadyRefresh and Culligan, (27:40) The Uber for evictions: Civvl, (31:26) The student debt market explained, (34:42) B2B vs consumer businesses Check out this week's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started. Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. See acast.com/privacy for privacy and opt-out information.

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Episoder(867)

Austin Rief: Building Morning Brew, The Ultimate Guide to Building Newsletter Businesses, Side Hustle Ideas, & More

Austin Rief: Building Morning Brew, The Ultimate Guide to Building Newsletter Businesses, Side Hustle Ideas, & More

Episode 398: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk to Morning Brew Founder & CEO Austin Rief (@austin_rief) about building, growing and selling a newsletter valued at $75M in 5 years, ...

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BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers

BREAKING: Shaan Sells the Milk Road - A Conversation With the Buyers

Episode 397: Shaan Puri (@ShaanVP) talks with Kendall Saville and Michael Wittmeyer about their decision to buy Milk Road, their background in gambling affiliates, gold, and crypto, and much more. ---...

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University of Michigan Students Pitch Us Their Startups For $5000 Prize Money

University of Michigan Students Pitch Us Their Startups For $5000 Prize Money

Episode 396: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) judge the My First Million pitch competition with students at the University of Michigan for a prize of $5,000. Some impressive ideas... f...

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Lessons Learned from Interviewing Tim Ferriss, SaaS Business Ideas for OnlyFans, and More

Lessons Learned from Interviewing Tim Ferriss, SaaS Business Ideas for OnlyFans, and More

Episode 395: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about Shaan's interview with entrepreneur, investor, author, podcaster, and lifestyle guru, Tim Ferriss (@tferriss). They review his ...

13 Des 20221h 7min

Paul English:  How He Built And Sold 6 Companies And Why He Believes Irritation Becomes Inspiration

Paul English: How He Built And Sold 6 Companies And Why He Believes Irritation Becomes Inspiration

Episode 394: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk with entrepreneur and Kayak co-founder, Paul English (@englishpaulm) about his latest business ideas, his famous missed investments, ...

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Unpopular Truths From The Pod, Gourmet Gifts, and 4 Side Hustles

Unpopular Truths From The Pod, Gourmet Gifts, and 4 Side Hustles

Episode 393: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about the unpopular - yet valuable - lessons they have learned on My First Million, $1,000/day side hustles, and gourmet gift ideas. ...

8 Des 20221h 2min

Controversies, Disrupting High End Real Estate, And The Best Way To Use Twitter

Controversies, Disrupting High End Real Estate, And The Best Way To Use Twitter

Episode 392: Shaan Puri (@ShaanVP) and Sam Parr (@TheSamParr) talk about all the controversies... FTX drug use, Liver King admits to steroid use, and the curious case of Katie Haun. Plus, disrupting t...

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Mind-Blowing AI Tools, 2023 Goals, & Money Making Arbitrage Schemes

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Episode 391: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk about their new favorite AI tool, how to make money from arbitrage, goal setting for 2023, and more. ----- Links: * Character.AI * Ad...

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