My First Million

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

109 snips
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.
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ANECDOTE

Soylent Origin Story

  • John Coogan and his Soylent co-founder lived in a dilapidated hacker house, later moving to a cramped apartment.
  • They focused intensely on coding and launching various software businesses, many of which failed.
ADVICE

Creator-Owned VPN

  • Consider a creator-owned VPN, especially if you have a large, international audience.
  • VPNs are high-margin, low-churn, and appeal to a global market.
ADVICE

Ammunition Rollup

  • Explore opportunities in the ammunition industry, such as a rollup of manufacturers.
  • This market is durable, with increasing prices and demand but few tech-focused investors.
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