My First Million

Business Brainstorm: Ozempic Hotline, Klout 2.0 & Failed Churches

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Sep 5, 2023
Dive into a whirlwind of innovative ideas like a hotline for Ozempic users and a revamped Klout for the digital age. Explore the lucrative world of private schools and their wild admissions processes. Discover how church buildings might be transformed into trendy condos or fitness centers, while the speakers reflect on the decline of traditional faith structures. With engaging tales from telemarketing days and the potential of AI in education, this conversation is packed with fascinating business insights and entrepreneurial spirit.
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ANECDOTE

Klout Story

  • Klout, a platform that assigned "clout scores" based on social media influence, was popular around 2012.
  • It offered perks like gift cards but was ultimately acquired for a modest sum.
INSIGHT

Klout's Value Proposition

  • While Klout was intriguing for users, its value proposition for brands was less clear.
  • Brands could often assess influencer value using simpler metrics.
INSIGHT

Dribbble's Niche

  • Dribbble's success stems from providing designers with an effective online portfolio.
  • It highlights the need for specialized portfolio platforms for various careers.
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