My First Million

#80 - The Guide on Generating Startup Ideas

Jun 3, 2020

Discover innovative strategies for maximizing credit card rewards, unlocking financial benefits for both individuals and businesses. Explore the transition from sports to philanthropy as athletes consider creating charitable foundations. Delve into effective ways of generating startup ideas, emphasizing personal strengths and market awareness. The hosts challenge the effectiveness of online courses, advocating for alternative, scalable business models like podcasting. Lastly, they reflect on the emotional landscape surrounding current social issues, calling for empathy and understanding.

53:47

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Highlights

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Episode notes

Idea Generation for Startups

03:51

Framework for Generating New Ideas

01:46

Innovate or Imitate

00:26

Intro

2min

Unlocking Financial Benefits: The Power of Credit Card Rewards

2min

Innovating Philanthropy: Athlete Foundations

5min

Generating Startup Ideas: Key Insights and Principles

4min

Innovative Approaches to Generating Startup Ideas

5min

Innovative Pathways in Tech Entrepreneurship

9min

Rethinking Online Education and Innovation

7min

Navigating Emotions in Unrest

20min

Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Shaan Puri (@ShaanVP) and Sam Parr (@theSamParr) kick around a several new business models, and then they break down frameworks for how the best founders develop and source startup ideas.. The second half of the show is also Shaan and Sam talking through current events. Today's topic include: Shaan and Sam talk about gaming credit card points (0:16), Shaan brainstorms on a service for creating tax-advantaged foundations for athletes or other high earners (4:00), Sam and Shaan talk about how to come up with ideas (9:00), Shaan describes the “old and new” framework of idea generation (22:00), Sam talks about why he hates courses as a business model (27:00), Sam and Shaan talk through current events.

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