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The Potential of Video Systems in Data Processing and Segment Growth
Yelp is not a good example as its data is only 90% as good as a video system's record. A highly processed version of the data in text is not as good as the video version. By disrupting the incumbent and improving the segment, it becomes more valuable.
Episode 494: Shaan Puri (https://twitter.com/ShaanVP) talks with ex-CEO & co-founder of Twitch, Emmett Shear (https://twitter.com/eshear), about the potential of artificial intelligence, the value of understanding consumer / users needs, his simple framework for problem-solving, the power of seemingly small ideas that can have a huge impact and lessons he’s directly learned from Silicon Valley greats like Paul Graham and Andy Jassey.
Want to see more MFM? Subscribe to the MFM YouTube channel here.
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Check Out Sam's Stuff:
• Hampton - https://www.joinhampton.com/
• Ideation Bootcamp - https://www.ideationbootcamp.co/
• Copy That - https://copythat.com/
Check Out Shaan's Stuff:
• Try Shepherd Out - https://www.supportshepherd.com/
• Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant
• Power Writing Course - https://maven.com/generalist/writing
• Small Boy Newsletter - https://smallboy.co/
• Daily Newsletter - https://www.shaanpuri.com/
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Show Notes:
(0:00) Intro
(4:30) Did you always have an insatiable curiosity?
(8:30) How to solve any problem
(13:23) The importance of understanding your customers / users needs
(22:15) Emmett’s favorite business ideas right now
(41:00) Is AI going to kill us all?
(56:50) Was Twitch luck or skill? Will Emmett try to build another unicorn?
(59:00) Lessons from Paul Graham
(1:09:00) What’s the difference between people who are good vs. great?
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Links:
• Twitch - https://www.twitch.tv
• Paul Graham - https://twitter.com/paulg
• Patrick Collison - https://twitter.com/patrickc
• Andy Jassey - https://twitter.com/ajassy
• Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
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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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Other episodes you might enjoy:
• #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
• #209 Gary Vaynerchuk - Why NFTS Are the Future
• #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
• #218 - Why You Should Take a Think Week Like Bill Gates
• How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
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