Pomp Shares 3 Non-Obvious Business Ideas with Massive TAMs
Nov 29, 2023
01:12:00
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Anthony Pompliano joins Shaan Puri and Sam Parr to discuss what makes successful investors, unknown billionaires, and three 10/10 business ideas including a real estate content platform, persistent patrol companies, and AI agents.
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Quick takeaways
Resi Club aims to be the dominant platform for real estate news, commentary, and data, starting small and profitable and expanding over time.
Persistent patrol companies can automate tasks like parking ticketing and generate revenue for governments, addressing financial challenges faced by cities.
Deep dives
Resi Club: A platform for educating people about housing affordability
Resi Club is a new company focused on residential real estate coverage, aiming to be the dominant platform for news, commentary, and data in the industry. Led by Lance Lampert, a reputable real estate editor, the platform provides valuable insights for home builders, real estate agents, buyers, sellers, lenders, and others interested in the housing market. The company started with a small team and a newsletter approach, which will later expand to include media coverage, data products, and more. By starting small and profitable, Resi Club plans to increase its ambition and impact over time.
Opportunities for Persistent Patrol Companies
Persistent patrol companies can help governments generate more revenue by automating tasks such as parking ticketing, fire marshal inspections, and elevator monitoring. By using computer vision and automation, these businesses can efficiently enforce regulations and generate income for governments. As cities face financial challenges, finding new ways to increase revenue becomes crucial, and persistent patrol companies offer a potential solution.
AI Agents and Finding Lucrative Opportunities
AI agents have the potential to help individuals identify and pursue high-earning opportunities with ease. By using AI agents to search for profitable ventures and create plans for execution, individuals can save time and increase their chances of success. This automation can revolutionize the way people discover and capitalize on opportunities, leading to financial rewards and growth. While this technology is still developing, it presents an exciting prospect for those looking to improve their earning potential.
Episode 524: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) are joined by Anthony Pompliano about what secret sauce makes for the most successful investors, billionaires you’ve probably never heard of, plus three 10/10 business ideas.
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Show Notes:
(0:00) Intro
(3:20) Meeting hedge fund legend Julian Robertson
(10:00) What makes a master investor
(13:00) Pomp's $1M bet
(20:00) Warren Buffett: Finance's first influencer
Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.