My First Million #92 - A Three Month Old Company Profiting $90,000 A Day
10 snips
Jul 15, 2020 Discover the secret to a three-month-old company raking in $90,000 daily! Explore innovative fitness technology that gamifies workouts and a new no-code marketplace empowering young creators. Learn about the niche success of brands like Golden Hippo and the power of scent marketing in retail. Hear insights on navigating entrepreneurship during a crisis, and discuss evolving software distribution models that challenge old norms. Plus, get inspired to brainstorm your own million-dollar idea!
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Tempo Home Fitness
- Shaan Puri discusses his experience with Tempo, a new home fitness product similar to Mirror or Tonal.
- He praises its competitive aspect and innovative features but notes some bugs due to the company's young age.
Early 20th-Century Businesses
- Shaan Puri observes that early 20th-century businesses, like Ford, started with surprisingly little capital and paid dividends quickly.
- He contrasts this with modern startups requiring large funding rounds and rarely issuing dividends.
American-Made Masks
- Sam Parr discusses Lloyd Armburst, a tech founder with five acquisitions, now making US-made medical masks.
- Parr believes the "made in America" trend is rising due to pandemic-related supply chain issues and nationalistic sentiment.