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Focusing on niche communities for social products allows for tight-knit groups of passionate individuals to grow a product organically. Building a community of like-minded enthusiasts leads to scalable growth. By targeting specific audiences and fostering engagement, the product can evolve into something substantial.
Engaging in activities like investing in real estate or exploring unique beverage options can enhance one's daily life. Leveraging personal experiences and interests, such as working out or building a diverse investment portfolio, can lead to improved lifestyle choices and new opportunities for growth.
For aspiring investors, engaging in simulated investment exercises, like creating investment memos or scouting for emerging deals, can hone analytical skills. Actively participating in investment-related discussions and initiatives, such as starting as an angel investor or a scout for emerging managers, can provide valuable insights and facilitate the entry into the investment landscape.
By establishing oneself as a prominent figure in a specific field, individuals can capitalize on lucrative opportunities. Building a strong audience on platforms like Twitter and strategically leveraging platforms for community engagement can lead to substantial growth. An example of success in this approach is seen in the creation of specialized content and the subsequent launch of initiatives like funds, garnering significant support without traditional fundraising methods.
Exploring the concept of a novel co-working space, the idea of 'Weekend Cafe' offers a unique business approach. By integrating NFT membership with evolving benefits and creating exclusive access to a limited number of slots, the model provides potential for value appreciation and distinctive privileges. Drawing inspiration from innovative NFT projects, the proposal suggests a gamified experience rewarding long-term holders and incentivizing active participation for enhanced community engagement and potential financial returns.
Do you trust your gut? In today’s episode, we explore how the world's most disruptive innovations begin with just one small insight, share why successful founders need to embrace their niche, and why the best products & brands always seem obvious in hindsight. Hosts Sahil Bloom and Greg Isenberg are joined by Ryan Hoover, the builder who gave us Product Hunt and now runs Weekend Fund, an early-stage VC committed to “backing your next favorite thing.” Ryan is a serial entrepreneur and deep thinker who offers unprecedented insight into the future of fundraising and how one can generate wealth from hustle alone in this episode.
►► Want more community? Learn more here: http://trwih.com
SPECIAL THANKS TO OUR SPONSORS
►► This episode is brought to you by Fundrise. Fundrise is on a mission to use technology to build a better financial system for the individual. With over $2.4B AUM and 250k active investors, it’s the largest direct-to-investor real estate investor platform in America.
Their platform is so easy to use and they make it so easy to diversify your portfolio. For a limited time if you sign-up, you can get $10 bonus. Just go to www.fundrise.com/room
►► This episode is also brought to you by LMNT (http://DrinkLMNT.com/HAPPENS). LMNT is a delicious electrolyte drink mix with all of the things you need and none of the junk. It contains a science-backed electrolyte ratio: 1000 mg sodium, 200 mg potassium, 60 mg magnesium. LMNT can help prevent and eliminate headaches, muscle cramps, fatigue, sleeplessness, and other common symptoms of electrolyte deficiency. It tastes amazing and is great after a workout or one too many drinks :)
Right now LMNT is offering our listeners a free sample pack with any order. That’s 8 single serving packets FREE with any LMNT order. Get yours at http://drinklmnt.com/HAPPENS. And it’s so good they have a no questions asked refund policy but you won’t need it.
THIS EPISODE
Ryan Hoover: https://twitter.com/rrhoover
Sahil Bloom: https://twitter.com/SahilBloom
Greg Isenberg: https://twitter.com/gregisenberg
Production & Marketing Team: https://penname.co/
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Apple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985
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