4 business ideas found on 2024-05-13

"1. The audience co-founder

2. Selling Mugs/Tumblers

3. AI models of every size

4. Annoyance Driven Entrepreneurship

[0.00] My First Million_The Real Story Behind Shaan's Best Investment _Bought For $52M_!_.txt

My First Million

The Real Story Behind Shaan's Best Investment (Bought For $52M?!)

"## -BUSINESS IDEA- 1. The audience co-founder

[YouTube Link:

This business idea focuses on leveraging a large, trusted audience to become a co-founder of existing businesses, effectively acting as a built-in marketing engine. This concept is an evolution of celebrity endorsements, moving from simple product promotion to equity ownership and active content creation to drive sales. This \"audience co-founder\" model lowers customer acquisition costs for companies, sometimes to zero. Three key elements are crucial for this model\'s success: 1) a large, trusted audience \342\200\223 where trust is paramount, as it directly influences conversion rates; 2) product-to-audience fit \342\200\223 ensuring the product aligns with the audience\'s needs and interests; and 3) content creativity \342\200\223 consistently producing engaging content that promotes the product organically. Several examples of successful audience co-founders are discussed, including Nick Huber\'s acquisition of Shephard, Russel Brunson with ClickFunnels, MrBeast with SCUF, and Logan Paul with Prime Hydration. The idea is particularly valuable for bootstrapped companies with cash-flow positive products looking to accelerate growth.

## -BUSINESS IDEA- 2. Selling Mugs/Tumblers

[YouTube Link:

This idea showcases the success story of Simple Modern, a company selling tumblers and mugs, primarily through their website. They have achieved remarkable growth, starting with $10 million in revenue in 2017 and reaching $180 million in 2023, with a projected $225 million for 2024. The company was bootstrapped with an initial investment of $200,000. Notably, they prioritize employee ownership and charitable giving, pledging 7-10% of their profits to charities selected by employee vote. The founder emphasizes his desire to build a positive work environment and contribute to the community, showcasing a values-driven approach to business.

## -BUSINESS LEARNING- 1. Investing in your P&L

[YouTube Link:

This learning emphasizes the importance of strategically investing in companies that you already use and believe in. Instead of solely focusing on building your own product, consider allocating resources towards acquiring equity in companies whose services you utilize and value. This approach provides a direct return on investment by aligning your financial interests with companies already generating revenue. The key is to identify meaningful expenses on your P&L (Profit and Loss statement) and reach out to those companies expressing your interest in investing, leveraging your early adopter status and understanding of their product.

## -BUSINESS LEARNING- 2. The Curse of Familiar Riches

[YouTube Link:

This learning explores the psychological trap of \"familiar riches,\" where individuals become accustomed to a certain income level and struggle to break free from that comfort zone. It emphasizes the tendency to pursue opportunities offering only incremental increases (1-2x) in wealth while neglecting potentially transformative 10x opportunities. The key takeaway is to challenge yourself by refusing familiar riches and actively seeking ways to achieve exponential growth. This requires consciously saying no to opportunities that merely replicate your current income and embracing the discomfort of exploring unfamiliar territory. Regularly asking yourself, \"How can I make 10 times more?\" forces your brain to consider unconventional ideas and break free from limiting beliefs.

## -BUSINESS LEARNING- 3. The Value of Giving

[YouTube Link:

This learning highlights the personal and societal benefits of giving. It showcases the inspiring story of Mike, the founder of Simple Modern, who consistently donates a significant portion of his income to charities chosen by his employees. He emphasizes his commitment to giving throughout his life, not just as a posthumous act. The discussion underscores the happiness and fulfillment associated with generosity and encourages listeners to consider incorporating giving into their financial practices. Giving, even in small but meaningful amounts, can provide a sense of purpose and contribute to a greater good, ultimately enhancing personal well-being.

"

[257.06] a16z_AI Boom Vs. Internet Boom.txt

a16z

AI Boom Vs. Internet Boom

"## **-BUSINESS IDEA- 1: AI models of every size**

[YouTube Link:

This business idea draws parallels between the evolution of computers and the potential trajectory of AI. Initially, mainframe computers were thought to be only necessary for a handful of entities. Similarly, the current AI landscape seems dominated by the idea of a few large \"god\" models. However, just as computers evolved to encompass a spectrum of sizes and functionalities, from supercomputers to tiny embedded systems, the future of AI might also lie in diversity.

The key argument is that different AI tasks require varying levels of computational power, data specialization, privacy, and security. This suggests a market need for AI models tailored to specific use cases. Instead of a few dominant players, a thriving ecosystem could emerge where businesses offer specialized AI models of all sizes and capabilities.

This idea challenges the prevailing notion of a few companies controlling the AI landscape. It proposes a more democratized and accessible future where even small players can contribute by developing and offering niche AI solutions. This aligns with the increasing demand for customization and specialization across various industries. The business potential lies in identifying specific needs and building AI models that cater to those demands effectively.

"

[342.81] Y Combinator_To be able to create something different, you have to be somewhat contrarian..txt

Y Combinator

To be able to create something different, you have to be somewhat contrarian.

"## BUSINESS IDEA- 1. Annoyance Driven Entrepreneurship

[YouTube Link:

This segment challenges the notion that founders need to be universally liked. Instead, it posits that a degree of \"annoyance\" with the status quo can be a powerful driver for entrepreneurship. Founders, often wired to identify and fix problems, might come across as difficult employees due to their outspoken nature about flaws in existing systems. This very trait, however, fuels their desire to create something better and makes them effective at spotting opportunities for innovation. The speaker uses personal anecdotes to illustrate how their own tendency to point out issues, while potentially not endearing them to their former boss, stemmed from a place of genuine desire for improvement and ultimately proved valuable in their entrepreneurial journey.

"

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit startupideasagent.substack.com