My First Million cover image

My First Million

3 Niche Business Ideas: AI Psychics, Creator-Owned VPNs & Guns with Soylent co-Founder John Coogan

Sep 19, 2023
John Coogan, co-founder of Soylent and Lucy, dives into the entrepreneurial landscape with a wealth of experience. He reveals the concept of a creator-owned VPN tailored for crypto users, which taps into an underexplored market. Coogan also shares his thoughts on the ammunition supply chain and ethical dilemmas in the gun industry. The discussion takes a humorous turn as he contrasts lifestyle businesses with venture-capital-backed ventures, offering unique insights into the dynamics of entrepreneurship and the future of AI integration in business.
01:09:18

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Creating a creator-owned VPN service can provide content creators with recurring revenue and offer valuable global coverage to their viewers.
  • Optimizing the ammunition supply chain through consolidation and best practices can increase efficiency and resilience in the industry.

Deep dives

A Creator-Owned VPN for Content Creators

One idea discussed in the podcast is the potential for a creator-owned VPN. Although many VPNs advertise heavily on platforms like YouTube, there is no dominant winner in the market. The suggestion is to create a VPN service that specifically targets content creators, leveraging their international audiences to provide global coverage. By offering a high-margin, low-churn VPN product, content creators can generate recurring revenue while providing a valuable service to their viewers.

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