My First Million

Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal

Jan 31, 2023

01:09:19

Snipd AI

Anand Sanwal, CEO and co-founder of CB Insights, talks about building companies, importance of data, growing niches, executive briefing emails, pricing data business, college rankings, managing and selling a company, spotting scams, and more.

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Quick takeaways

The importance of investigative research in exposing potential fraudulent activities and promoting transparency in the business world.

The need for independent analysis and critical assessment in the investment world to hold companies accountable and ensure transparency.

The potential of creating a data asset by collecting information from niche markets and utilizing pricing data in specific industries.

Deep dives

The Risks of Industry Rankings

Hindenburg Research, a renowned short-seller, released a scathing report on Adani Group, highlighting questionable practices and corporate governance issues within the conglomerate. The report sheds light on convoluted corporate structures, related-party transactions, and inflated valuations. Such revelations demonstrate the potential risks associated with industry rankings and the need for transparency and due diligence when evaluating companies.

Software variability as a benefit

00:48

Learning - used to under price

00:54

Idea: daily executive briefing email

04:02

Takeaways on M&A process after selling fathers company

02:09

Introduction

2min

Choosing Software Vendors for Large Companies

10min

A Broadway Show Idea and Overcoming Obstacles in Love

2min

Building a Profitable Daily Briefing Business

18min

Creating a Brand in the Black Pepper Industry

2min

Personal Finances and Building a School of Entrepreneurship

12min

Insights on the M and A Process and Negotiations

2min

Analyzing Fraud: Adani and Hindenburg Research

17min

Episode 413: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with Anand Sanwal (@asanwal), CEO and co-founder of CB Insights, about how Anand built his companies, the importance of data, small business niches that are growing, and much more.

Want to see more MFM? Subscribe to the MFM YouTube channel here.

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Links:

* RebelGirls

* USNews Best Colleges

* McCormick Corporation

* Anand's Twitter

* CB Insights

* How To Manage And Sell A Company In An Industry And A Country You Don’t Know

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

* Want more insights like MFM? Check out Shaan's newsletter.

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Show Notes:

(01:15) - Anand's Background

(05:00) - "Sawdust Data" businesses

(9:00) - Tiny but growing niches

(13:30) - Daily executive briefing email

(18:30) - Pricing data business

(24:30) - Broke & Busted College Rankings

(31:30) - McCormick Spice Competitor

(41:30) - How To Manage And Sell A Company In An Industry And A Country You Don’t Know

(48:30) - Adani Group Collapse & spotting scams

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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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