My First Million #131 - The Companies We Would Buy and Fix and A Multi-Million Dollar Rapper Snack Business
Nov 25, 2020
Dive into a dynamic discussion on revitalizing brands like Casper and Subway, exploring innovative strategies for improvement. The hosts consider transforming Western Union into a Bitcoin remittance network to modernize money transfers. They also ponder why modern candy bars are lacking and how Tootsie Roll could go viral. The conversation extends to the growing adoption of Bitcoin and its potential impact on low-income communities. Plus, tantalizing ideas like a collaborative search engine and 'Substack for video' are on the table!
AI Snips
Chapters
Transcript
Episode notes
Casper's Location
- Sam believes Casper should relocate from New York to the Midwest for greater efficiency.
- He suggests that customer service in a mattress company doesn't require a trendy location.
Subway's Potential
- Sam points out that Subway is the largest food chain in the U.S. by location, surpassing McDonald's and Starbucks combined.
- He believes its quality has declined due to supply chain issues but the brand remains recognizable.
Western Union and Crypto
- Shaan suggests Western Union should pivot to cryptocurrency, leveraging its global network and Chamath's Bitcoin expertise.
- Western Union's established presence in 200 countries and 500,000 agents would provide a strong foundation for this transition.