My First Million

Breaking Down Two +$1B Companies Hidden In Plain Sight

Sep 21, 2023

01:06:05

Snipd AI

Guests Shaan Puri and Sam Parr share 4 businesses that are crushing it, including airport security, an Etsy store-owner's favorite machine, and well-branded women's products. They also discuss a dating app idea for gamers.

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Quick takeaways

iCracked scaled their smartphone repair business by training students on different college campuses, raising $50 million and achieving a peak revenue run rate of $36 million.

Cloud Poker Night targets business minds by offering cloud-based poker software as a unique alternative to traditional hobbies like golf.

Ant Flow revolutionizes feminine hygiene product provision by partnering with facilities and institutions, providing aesthetically pleasing dispensers and generating recurring revenue.

Deep dives

Scaling Through Colleges: The Story of iCracked

iCracked started as a college dorm room venture by AJ and Tony, who recognized the growing demand for smartphone repairs. They scaled their business by copying their model to different college campuses, training students to repair phones and expanding rapidly. They raised $50 million to scale internationally and achieved a peak revenue run rate of $36 million. However, they faced challenges in meeting the demands of scaling and eventually sold the business to Allstate insurance.

The Mecca of Quilting: A Small Town Turned Disneyland for Quilters

00:55

The Power of Creator Merch: Consumables vs Collectibles

01:49

Zoom meets poker: A new interactive way to play live poker

01:31

Fascinating story of Karen and her innovative company

01:20

Introduction

2min

Creating Collectibles and Building a Tribe

18min

Exploring Financial Independence and a DIY Crafting Machine

2min

Success Stories on Etsy

8min

Excitement about Cricket Machines and Investing in a Company Making Women's Hygiene Products

2min

Ant Flow: Addressing Gender Imbalance in Venture Funding

7min

Beta testing, landing page analysis, and virtual assistants

4min

Promoting a Software for Online Poker

7min

Creating a Dating App for Gamers

16min

Episode 497: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) share 4 businesses that are crushing it — from airport security to Etsy store-owner’s favorite machine to well-branded women’s products. Plus, Shaan shares a dating app idea that‘s thoroughly OP.

• Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

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3 Special Announcements:

1) MFM Merch - https://store.mfmpod.com/

2) MFM Clips Channel - https://www.youtube.com/@ClipMFM

3) MFM Poker Tournament - www.cloudpokernight.com/mfm

Check Out Shaan's Stuff:

• Try Shepherd Out - https://www.supportshepherd.com

• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant

• Power Writing Course - https://maven.com/generalist/writing

• Small Boy Newsletter - https://smallboy.co

• Daily Newsletter - https://www.shaanpuri.com

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com

• Ideation Bootcamp - https://www.ideationbootcamp.co

• Copy That - https://copythat.com

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Show Notes:

(0:00) Intro

(0:30) Surprise 1: Merch!

(5:05) Surprise 2: New YouTube Clips Channel!

(8:15) Business breakdown 1: Clear ($3b)

(19:33) Business breakdown 2: Cricut

(25:20) The real story behind Native Deodorant

(29:20) Business breakdown 3: Aunt Flow

(32:52) iCracked

(38:00) Business breakdown 5: Cloud Poker Night

(45:30) Products that grow virally (not word-of-mouth)

(47:20) Gamer Dating App

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Links:

• MFM Merch - https://store.mfmpod.com/

• MFM Clips Channel - https://www.youtube.com/@ClipMFM

• Clear - https://www.clearme.com/

• Cricut - https://cricut.com/en-us/

• Etsy - https://www.etsy.com/

• Native Deodorant - https://www.nativecos.com/

• Aunt Flow - https://goauntflow.com/

• iCracked - https://www.youtube.com/c/icracked

• Cloud Poker Night - https://cloudpokernight.com/

• Dil Mill - https://dilmil.co/

• Evolv - https://www.evolvtechnology.com/

• Farmers Only - https://www.farmersonly.com/

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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.

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