My First Million Unicorn Founder on Unseen Arbitrages, the Paradox of Wealth + Charlie Munger Wisdom ft. Ryan Petersen
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Nov 11, 2024 Discover the journey of a pizza shop employee turned Flexport founder. Explore the balance between bootstrapping and venture capital, and learn about unseen arbitrages in business. Dive into Charlie Munger's wisdom, negotiation strategies, and the value of mentorship from Paul Graham. Hear insights on the paradox of wealth and the role of adventures in entrepreneurship. From innovative logistics solutions to lessons learned from poker, this conversation illuminates the path to significant success in the competitive startup landscape.
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Finding Factories and Contractors
- Shaan Puri found his e-commerce factory using Import Genius, Ryan Petersen's data service.
- Ryan's brother also built a similar data business, BuildZoom, for finding contractors using public permit data.
Data as a Service
- Import Genius leverages public shipping manifests to reveal supplier relationships.
- This allows businesses to identify suppliers for competitors or specific products.
Government Data Opportunities
- Government data offers many business opportunities due to its public nature but poor organization.
- Building defensibility requires distribution, network effects, or brand building.
