My First Million

AI Santa and Four Other Simple Business Ideas (+ Vice Goes Bankrupt!)

87 snips
May 4, 2023
Discover innovative business ideas, like the Play Street concept that reimagines kids' entertainment. Explore the challenges of home swapping and the rise of AI solutions in business efficiency. Dive into the captivating journey of Vice Media, from punk magazine to media giant to its surprising downfall. The discussion also highlights unique e-commerce models, including 260 Sample Sale, while envisioning a playful deep fake Santa service just in time for the holidays. It's a fast-paced journey through creativity and entrepreneurship!
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ANECDOTE

Play Street Business

  • Play Street is a popular children's play space similar to Chuck E. Cheese, but cleaner and more educational.
  • It offers various play areas, charges $15 for sessions, and hosts birthday parties, potentially netting $25k/month profit.
ANECDOTE

260 Sample Sale

  • Shaan Puri discusses 260 Sample Sale, a business that sells excess fashion samples from brands.
  • He suggests expanding this model to other verticals and locations for greater success.
ANECDOTE

Kingsford Charcoal Origins

  • Sam Parr shares an interesting fact about Kingsford Charcoal being a byproduct of Ford's car manufacturing process.
  • This illustrates a successful byproduct business, similar to the sample sale concept.
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