My First Million

#165 with Jack Butcher - Selling a $76m NFT, How to Research Wealthy People & How BitClout Went Viral

8 snips
Mar 31, 2021
Jack Butcher, a visual artist and entrepreneur behind the Visualize Value brand, shares his incredible journey from struggling founder to selling an NFT for $76 million. He delves into the strategies for researching wealthy individuals and identifies lucrative market opportunities. The discussion also highlights the early advantages of new platforms, the potential of BitClout's viral growth, and the reputational challenges facing NFTs and cryptocurrencies. Jack's insights reveal the intersection of art, finance, and modern digital trends.
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ANECDOTE

Jack Butcher's NFT Success

  • Jack Butcher, a designer, listed an NFT for $76 million.
  • He transitioned from struggling agency owner to NFT success in 18 months.
ADVICE

Researching the Wealthy

  • Research wealthy people's real estate holdings to gauge their true wealth.
  • This can lead to discovering interesting businesses and investment opportunities.
ANECDOTE

Dictionary.com Success

  • Brian Carringer, founder of dictionary.com, sold it for $100 million.
  • The site generates $20 million in revenue with minimal employees.
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