In this episode, Chris Koerner, a business partner with a rich background in healthcare, explores the booming genealogy market. He discusses using AI to capture family stories through tech innovations like chatbots and video interviews. Chris emphasizes the rising demand for genealogical services as the population ages. He also delves into biohacking, sharing insights on health tech tools like glucose monitors and their potential to create profitable business opportunities, blending personal growth with innovative tech solutions.
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insights INSIGHT
Silver Tsunami and Genealogy Boom
The over-65 population will double by 2050, creating a "silver tsunami".
Genealogical services are projected to grow from $5 billion to $16 billion by 2033.
volunteer_activism ADVICE
Capturing Family Stories
Capture family stories using video interviews and AI transcription tools.
Create digital products like chatbots, podcasts, and books from these stories.
question_answer ANECDOTE
Dad's Brazil Story
Chris recounts his father's story of being captured by Indigenous people in Brazil as a child.
This highlights the importance of preserving such unique family stories before they are lost.
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Join me, Nik (https://x.com/CoFoundersNik), and my business partner Chris Koerner (https://x.com/mhp_guy), as we dive into another episode of HoldCo Bros! Chris and I have generated over $100 million across our companies, and every week we get together to brainstorm and share insights into our businesses.
In this episode we discuss the Silver Tsunami idea - capturing stories from the older generation using AI. We're talking about video interviews, AI transcription, and even creating chatbots that can help preserve family history. Then, we jump into biohacking idea. Chris shares his vision of using tools like continuous glucose monitors for accountability challenges. It’s all about health, growth, and leveraging tech to improve life.
How can you capture and preserve family stories with new technologies?
What are the business opportunities in genealogical services and storytelling?
How can AI tools be used to create meaningful family history products?
What’s the value of biohacking tools like continuous glucose monitors for personal health?
How can you turn health tracking into a profitable business opportunity?
Enjoy the conversation! __________________________
Love it or hate it, I'd love your feedback. Please fill out this brief survey with your opinion or send me an email at Nik@cofounders.com with your thoughts. __________________________
00:00 Highlights_The Silver Tsunami: A Growing Demographic Challenge 02:53 Genealogical Services: Capturing Family Histories 05:49 Innovative Products for Story Preservation 09:05 Leveraging Technology for Memory Capture 11:59 Creating Value in Assisted Living Facilities 14:58 The Business Model: Vitamins vs. Painkillers 17:47 Practical Implementation: Podcast Studios in Facilities 21:35 Innovative Storytelling in Assisted Living 24:23 New Year, New Business Opportunities 25:50 The Power of Continuous Glucose Monitoring 29:41 Accountability in Health Challenges 33:03 Monetizing Passion vs. Business Strategy 39:16 Evaluating Business Ideas: Marry, Date, or Kill?
Nikonomics - The Economics of Small Business