My First Million #74 - The $72B Chinese startup you’ve never heard of, a mysterious billionaire and the guide to post-corona opportunities
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May 13, 2020 Dive into the intriguing impact of COVID-19 on consumer habits and business opportunities, from drive-through services to remote work. Discover how the RV industry is being transformed by niche marketplaces reminiscent of Airbnb. The mysterious billionaire Mark Leonard’s innovative business model reveals a long-term strategy for success. Explore the balance between excitement and practicality in entrepreneurship, and learn about group buying's potential in e-commerce. The episode encapsulates a blend of humor and sharp insights into emerging trends.
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Second-Order Effects
- Consider second and third-order effects when analyzing opportunities.
- These indirect consequences often hold the biggest potential for growth.
Highway System's Impact on Retail
- The highway system, initially built for military purposes, had the second-order effect of boosting retail like Walmart.
- Faster cars and interconnected highways facilitated the retail boom.
Drive-Through and Drive-In Opportunities
- Drive-through businesses, like coffee shops, may see increased demand due to minimized contact.
- Drive-in theaters could also make a comeback as movie theaters struggle.