My First Million

The $70M/yr Sports Bar + Sleepy Industries Worth $100M

188 snips
Sep 11, 2024
Explore the innovative sports bar Cosm, blending technology with sports broadcasting for a transformative entertainment experience. Discover the surprising success of revitalized home appliance brands like Shark Ninja, shaking up a stagnant industry. Delve into how newsletters are proving more profitable than traditional media. Uncover the challenges facing Weight Watchers and the shift towards weight loss medications. Plus, learn strategies to manage phone addiction and the importance of data-driven decision-making in business.
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ANECDOTE

Cosm's Virality

  • Sam Parr saw a viral Reddit post about Cosm, a sports bar with an IMAX-like dome.
  • It creates an immersive experience, making viewers feel like they are at the game.
INSIGHT

Cosm's Tech Stack

  • Cosm is built by rolling up companies specializing in planetarium technology.
  • This vertical integration gives them a significant advantage in the immersive entertainment space.
ADVICE

Sleepy Industries

  • Look for sleepy, under-innovated industries with large market sizes, like washers and dryers.
  • These markets offer opportunities for disruption similar to Tesla or SpaceX in cars and rockets.
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