My First Million #173 - How Beachbody Makes Money, 75 Hard Explained, & Brainstorming "HackerNews for X"
Apr 21, 2021
The hosts dive into the intriguing world of 75 Hard, a remarkable fitness challenge with a unique following. They explore Beachbody's massive success, revealing its surprising profit strategies and innovative marketing. Brainstorming flows as they discuss potential ideas like 'HackerNews for X,' challenging traditional platforms. Additionally, one host questions the value of juggling multiple ventures versus focusing on a singular passion. With insights on community building and engaging fitness trends, the conversation offers fresh perspectives for aspiring entrepreneurs.
AI Snips
Chapters
Transcript
Episode notes
The Coinbase Nerd
- Shaan Puri judged a classmate in college for being overly enthusiastic about the internet.
- Ironically, that classmate later became a successful early Coinbase employee, highlighting the importance of embracing nerdiness.
Hacker News for Crypto
- Consider creating niche Hacker News-style websites for specific topics like crypto.
- Filter out price discussions to focus on technological developments and usage.
Aggregator Business Challenges
- Aggregator businesses, like Hacker News or Product Hunt, are valuable if successful but challenging to build.
- Their success hinges on high-quality user-generated content and active moderation to prevent bot manipulation and low-quality posts.