My First Million #146 with Suleman "Suli" Ali - Voluntarily Selling Our Data, Creating The New Religion and A Fund Making Millions Shorting Pharma Companies
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Jan 20, 2021 Suleman "Suli" Ali, a successful entrepreneur and investor, shares groundbreaking ideas during the chat. He discusses an innovative reputation database that could transform how individuals monetize their data. Suli envisions a new religion that prioritizes life and rational thought, moving away from traditional beliefs. He also highlights the benefits of shared ownership among friends for luxury assets and explores the potential of unique fintech solutions like creating a 'Stripe for vices'. His insights on navigating modern finance are both thought-provoking and entertaining.
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Reputation System for People
- Create a reputation system for people, similar to Yelp.
- This would provide valuable feedback in personal and professional contexts.
10x Engineer Anecdote
- Suleman Ali encountered an engineer named Smasher, a 10x engineer whose talent wasn't widely recognized.
- A reputation system could highlight such talent, enabling better opportunities.
Voluntarily Selling Data
- Individuals should be able to sell their data directly to companies.
- This creates a direct revenue stream and allows for targeted advertising.
