My First Million #195 - A Discussion on Sam & Shaan's Recent Investments
Jun 30, 2021
Sam and Shaan dive into their latest investments, sharing both the promising and risky aspects of each deal. They explore innovative companies like Abstract Ops and Ruumr, which aim to disrupt traditional markets. Insights into ConvertKit highlight its impressive growth against larger competitors. The duo also dreams big by discussing a modern World Fair and its potential, while emphasizing unique investment strategies in the ever-evolving landscape of startups. Their engaging banter reveals the excitement and challenges of investing in today's economy.
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Shaan's AbstractOps Investment
- Shaan invested in AbstractOps, back-office software for startups, after initially investing a small amount in the seed round.
- He increased his investment due to his familiarity with the founder and the product's potential.
AbstractOps's Landing Page Success
- Sam Parr praises AbstractOps's landing page for its effective marketing to founders, highlighting the importance of personality in even mundane businesses.
- He notes the clever use of humor and relatable language to address pain points and build brand affinity.
Invest in What You Use
- Sam emphasizes the importance of using a product before investing, particularly when the target user is yourself.
- This direct experience provides valuable insight into its potential and allows for a more informed decision.