My First Million #34 - CES Highlights, Cloning US Startups & Compliance Education
55 snips
Jan 12, 2020 The hosts dive into standout technologies from CES, showcasing innovations like personalized ticketing systems. They discuss the booming growth of D2C brands and the audacious approach of cloning successful U.S. startups abroad. The conversation shifts to the lucrative potential of trade shows and the need for robust compliance education in companies. Personal aspirations for the future are explored, emphasizing the importance of investing in knowledge and education for business success.
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Compelling Discounts
- The success of membership programs hinges on offering compelling discounts and perks.
- Partnering with established businesses can enhance attractiveness and value proposition.
Casper's Financial Troubles
- Casper's financial situation appears precarious, with potential cash flow issues looming.
- Sam Parr questions their business model and valuation given the current market conditions.
Gumroad's Business Model Challenge
- Gumroad, while a useful service, exemplifies a great product with a challenging business model.
- Despite significant transaction volume, their profit margins remain remarkably thin.
