My First Million #134 - Why the Collectables Market is Booming, Ecommerce 3.0, and "Time Billionaire" Explained
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Dec 4, 2020 Dive into a whirlwind of insights as the hosts explore the booming collectibles market, focusing on trading cards and the rise of engaging e-commerce platforms. They tackle the complexities of being an investor, discussing the emotional hurdles and the intriguing concept of being a 'time billionaire.' The conversation also highlights the psychology behind investment decisions, particularly in relation to Bitcoin's evolving role and the impact of celebrity endorsements on market trends. Get ready for a deep dive into the future of investing and online business!
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Podcast's Impact
- Shaan and Sam discuss how their podcast has unexpectedly impacted their lives.
- Listeners, including coworkers and friends' spouses, listen excessively, making them uncomfortable.
Writing Tools as a Business
- Consider writing tools as a business area, despite high valuations for apps like Notion and Rome.
- Explore opportunities with existing tools like Scrivener, which have dedicated user bases and potential for improvement.
Winner-Takes-All Dynamic
- Internet businesses often operate on a "winner-takes-all" dynamic due to lack of geographic limitations.
- The best tool or resource tends to capture the majority of the market, as seen with Notion and Rome.