00:00

You could turn off Wifi and do this idea. I like that. So what if I told you that in San Francisco, I discovered a business that does thirty one million dollars in revenue locally here in San Francisco. On the thirty one million in revenue, it does about eleven million in profit.

You could turn off Wifi and do this idea. I like that. So what if I told you that in San Francisco, I discovered a business that does thirty one million dollars in revenue locally here in San Francisco. On the thirty one million in revenue, it does about eleven million in profit.

00:13

And... And it's brick and mortar, brick and mortar.

And... And it's brick and mortar, brick and mortar.

00:16

Wow. Anna it has a hundred million dollars of assets on the balance. Sheet. Do you wanna take a guess on what kind of business it is?

Wow. Anna it has a hundred million dollars of assets on the balance. Sheet. Do you wanna take a guess on what kind of business it is?

00:23

Well, it's one of the things you've had listed, but does it

Well, it's one of the things you've had listed, but does it

00:27

involve religion?

involve religion?

00:29

It does not. No.

It does not. No.

00:31

Oh, what is it? It is it.

Oh, what is it? It is it.

00:41

Alright. We're live.

Alright. We're live.

00:43

Happy labor day. We are celebrating

Happy labor day. We are celebrating

00:45

by labor.

by labor.

00:47

Yes.

Yes.

00:48

Alright. Join me in this labor, Sam. Let's do a labor and love because

Alright. Join me in this labor, Sam. Let's do a labor and love because

00:53

It is a day of labor. Today's episode is all

It is a day of labor. Today's episode is all

00:57

about ideas. Business ideas and opportunities.

about ideas. Business ideas and opportunities.

01:00

Did you like preparing for this? I love preparing for this. I bet you did not. This is not my favorite thing prepare for. It feels like a book report, whereas my favorite episodes are when I just find cool shit throughout the week and I go Have you seen this? This is cool versus this one? I was like, oh, I gotta to, like, go and, like, find things that... Like, I gotta seek them out a little bit more. To me, this is like, you know, in a relationship where

Did you like preparing for this? I love preparing for this. I bet you did not. This is not my favorite thing prepare for. It feels like a book report, whereas my favorite episodes are when I just find cool shit throughout the week and I go Have you seen this? This is cool versus this one? I was like, oh, I gotta to, like, go and, like, find things that... Like, I gotta seek them out a little bit more. To me, this is like, you know, in a relationship where

01:23

you...

you...

01:24

It's like, oh, our relationship is just us doing things together. Right? Like, I got go good groceries or come with me to the grocery store. That's that's our date. But you forget that you gotta do a date night once in a while. You gotta you gotta break out the rose petals. You gotta figure out a way to to to keep it spicy. To me, that's what these... These episodes are where

It's like, oh, our relationship is just us doing things together. Right? Like, I got go good groceries or come with me to the grocery store. That's that's our date. But you forget that you gotta do a date night once in a while. You gotta you gotta break out the rose petals. You gotta figure out a way to to to keep it spicy. To me, that's what these... These episodes are where

01:42

When we started this podcast, it was very much like,

When we started this podcast, it was very much like,

01:45

we what what are ideas, business opportunities for people, and that's

we what what are ideas, business opportunities for people, and that's

01:50

how we got that initial momentum because no one else was doing that. And then over time, it's like, well, listen, We're doing chipset sets, week. We can't be having, like,

how we got that initial momentum because no one else was doing that. And then over time, it's like, well, listen, We're doing chipset sets, week. We can't be having, like,

01:58

twenty good ideas a week. That's not really how it works. So we started blending in,

twenty good ideas a week. That's not really how it works. So we started blending in,

02:03

just cool businesses we discovered,

just cool businesses we discovered,

02:06

interesting things that are going on our companies, whatever.

interesting things that are going on our companies, whatever.

02:08

That's like the that's like the Costco pizza

That's like the that's like the Costco pizza

02:11

date night. You know what I'm saying, like, oh, let's go to Costco. Gets a toilet paper and we'll get a right. Right.

date night. You know what I'm saying, like, oh, let's go to Costco. Gets a toilet paper and we'll get a right. Right.

02:17

That counts. Right? Which is which is great.

That counts. Right? Which is which is great.

02:21

So this is a throwback. This is... We we sprayed some cologne

So this is a throwback. This is... We we sprayed some cologne

02:25

we we we got a little hair gel

we we we got a little hair gel

02:28

and

and

02:29

putting on pants for the first time in in a while, And here we go. This is date night for M.

putting on pants for the first time in in a while, And here we go. This is date night for M.

02:35

Where do you wanna start? So I'm actually very happy that we have one overlapping thing that makes me pumped.

Where do you wanna start? So I'm actually very happy that we have one overlapping thing that makes me pumped.

02:45

Mean, also a bunch of our things are big, which also makes me punk. I do not like the small time stuff.

Mean, also a bunch of our things are big, which also makes me punk. I do not like the small time stuff.

02:51

Yeah. We're gonna have a range, though. There's gonna be a couple that are, like, simple...

Yeah. We're gonna have a range, though. There's gonna be a couple that are, like, simple...

02:57

What I'll call, like, more like simple side hustle. It's like, Here's a way that you could replace a job, and Not really gonna rich doing it per s, but you could definitely get to... I don't know. Ten k a month,

What I'll call, like, more like simple side hustle. It's like, Here's a way that you could replace a job, and Not really gonna rich doing it per s, but you could definitely get to... I don't know. Ten k a month,

03:08

twenty k a month, doing this,

twenty k a month, doing this,

03:12

and then we have a bunch of big ideas. So

and then we have a bunch of big ideas. So

03:15

I I tried to stay away from, like, complete moonshot ideas in this in this one. I I I have a few big ones. What what do you wanna... Can we actually start with it? I think one that interests you and I that is a big one.

I I tried to stay away from, like, complete moonshot ideas in this in this one. I I I have a few big ones. What what do you wanna... Can we actually start with it? I think one that interests you and I that is a big one.

03:28

You wanna talk about that one or do you wanna start small first? Alright. Yeah. Let's go. Last episode, we gave a preview. There was one company

You wanna talk about that one or do you wanna start small first? Alright. Yeah. Let's go. Last episode, we gave a preview. There was one company

03:35

we... I don't know if you've ever talked about it, but I could just read your mind and know that you thought this was cool.

we... I don't know if you've ever talked about it, but I could just read your mind and know that you thought this was cool.

03:40

But in about two thousand and

But in about two thousand and

03:43

twelve or so, I think it started tells eight, but it got popular in, like, two thousand twelve,

twelve or so, I think it started tells eight, but it got popular in, like, two thousand twelve,

03:47

there was a company called clout. It was clout with a k, k l o u t.

there was a company called clout. It was clout with a k, k l o u t.

03:52

And I remember, I was just getting started, like, on the Internet. And I only have, like, I had like, four thousand Facebook friends and that was, like, considered big.

And I remember, I was just getting started, like, on the Internet. And I only have, like, I had like, four thousand Facebook friends and that was, like, considered big.

04:00

And... This company called Clap came out. And basically, what you could do is log in with your Facebook, your Linkedin,

And... This company called Clap came out. And basically, what you could do is log in with your Facebook, your Linkedin,

04:07

your Twitter, and not even know if Instagram existed in that way back then.

your Twitter, and not even know if Instagram existed in that way back then.

04:12

Or I guess it maybe did whenever it switched to Facebook. But it was really fascinating because what they would do is they would give you a cloud score. And with that cloud score, what you would do is it would it would range between one and a hundred. I think there was a time where I had like, seventy five or something. Obama was, like, a ninety two like, to give perspective.

Or I guess it maybe did whenever it switched to Facebook. But it was really fascinating because what they would do is they would give you a cloud score. And with that cloud score, what you would do is it would it would range between one and a hundred. I think there was a time where I had like, seventy five or something. Obama was, like, a ninety two like, to give perspective.

04:29

And what would happen is it was a platform for companies like Mcdonald's, at least that's why I got I got, like, five dollar mcdonald gift cards so, like, they're new promotions. They would basically find out, like, information about your background or what your in what you're posting and then how popular you are. And they would give you free stuff in hopes that you would

And what would happen is it was a platform for companies like Mcdonald's, at least that's why I got I got, like, five dollar mcdonald gift cards so, like, they're new promotions. They would basically find out, like, information about your background or what your in what you're posting and then how popular you are. And they would give you free stuff in hopes that you would

04:50

gotten like the experience and share it.

gotten like the experience and share it.

04:53

That company was acquired. They raised like, forty million dollars. They were acquired in two thousand fourteen for two hundred million bucks but I don't think that was a very successful exit. I think that they probably just sold for the amount of money that they raised at. However,

That company was acquired. They raised like, forty million dollars. They were acquired in two thousand fourteen for two hundred million bucks but I don't think that was a very successful exit. I think that they probably just sold for the amount of money that they raised at. However,

05:06

I've been thinking about this idea constantly

I've been thinking about this idea constantly

05:08

And I think it's really, really, really cool. So the way it got started was, in twenty seventeen, the guy started his name was Joe Fernandez. He had some surgery

And I think it's really, really, really cool. So the way it got started was, in twenty seventeen, the guy started his name was Joe Fernandez. He had some surgery

05:16

on his jaw. So a was around his jaw. So his jaw was wired shut for three months. And so he was like, in this hospital bed laying around, and he didn't have anything to do And so he said he he he he just got obsessed with can word mouth be measurable. And so he created this Api or he created this program where you could pull from Twitter's Api and give a score out of a hundred based off of how influential the person was. And he got obsessed with this and he started going around deeper and deeper and deeper on this and eventually he turned into a company where by like, two thousand and eleven, it was pretty popular.

on his jaw. So a was around his jaw. So his jaw was wired shut for three months. And so he was like, in this hospital bed laying around, and he didn't have anything to do And so he said he he he he just got obsessed with can word mouth be measurable. And so he created this Api or he created this program where you could pull from Twitter's Api and give a score out of a hundred based off of how influential the person was. And he got obsessed with this and he started going around deeper and deeper and deeper on this and eventually he turned into a company where by like, two thousand and eleven, it was pretty popular.

05:46

And this one person

And this one person

05:49

said something amazing where they were trying to hate on Klout, and they said something like... They took the... Klout took the entire spectrum of human interaction and condensed it into a two number a two-digit number that you could use to bludgeon anyone who failed to adhere to a score... It basically just said it's tacky. It's basic. It's cheap. And they're like, you you you can't just put someone's, like, give someone a score and that be their self worth. And in my head, I'm like, well, that's actually awesome. That's a really cool service. And so the company got quite popular. It was bought in whatever I said 2014 by Lithium, which I don't even know what that is. And it doesn't exist anymore. And I was curious about it, and I said Joe, we DM'ed them. I, do you think that this could still exist today? He goes, this is something I'll never get over.

said something amazing where they were trying to hate on Klout, and they said something like... They took the... Klout took the entire spectrum of human interaction and condensed it into a two number a two-digit number that you could use to bludgeon anyone who failed to adhere to a score... It basically just said it's tacky. It's basic. It's cheap. And they're like, you you you can't just put someone's, like, give someone a score and that be their self worth. And in my head, I'm like, well, that's actually awesome. That's a really cool service. And so the company got quite popular. It was bought in whatever I said 2014 by Lithium, which I don't even know what that is. And it doesn't exist anymore. And I was curious about it, and I said Joe, we DM'ed them. I, do you think that this could still exist today? He goes, this is something I'll never get over.

06:33

In so many ways, we were just way too early. The world still needs something like this

In so many ways, we were just way too early. The world still needs something like this

06:39

like Klout more than ever. Unfortunately,

like Klout more than ever. Unfortunately,

06:41

I'm not sure if it's possible to pull out to pull it off and get all the data. However,

I'm not sure if it's possible to pull out to pull it off and get all the data. However,

06:46

the idea of Klout for anyone in the in our era, like just getting started in the two thousand ten thousand fourteen range. This was awesome. And I think a business like this, one hundred percent should still exist. Because when I'm we're sponsoring influencers and stuff different companies, it's really hard to know what's legit and what isn't? So what do you think about Klout, what did you remember? I remember back then,

the idea of Klout for anyone in the in our era, like just getting started in the two thousand ten thousand fourteen range. This was awesome. And I think a business like this, one hundred percent should still exist. Because when I'm we're sponsoring influencers and stuff different companies, it's really hard to know what's legit and what isn't? So what do you think about Klout, what did you remember? I remember back then,

07:06

I thought it was such a smart idea. I was like, oh, this is great. Yeah. Like, everybody... You know, across all social,

I thought it was such a smart idea. I was like, oh, this is great. Yeah. Like, everybody... You know, across all social,

07:12

you have followers but... We all kinda know followers ain't exactly it.

you have followers but... We all kinda know followers ain't exactly it.

07:16

And

And

07:17

to layer on on just another number that even if you thought it was stupid,

to layer on on just another number that even if you thought it was stupid,

07:22

you didn't wanna be at the bottom.

you didn't wanna be at the bottom.

07:24

And I was like, oh, that's that one. It's a powerful draw. Right? It's just like any other ratings or reviews, but I was like, this is great because it doesn't require

And I was like, oh, that's that one. It's a powerful draw. Right? It's just like any other ratings or reviews, but I was like, this is great because it doesn't require

07:32

people to have ratings and reviews. You could just

people to have ratings and reviews. You could just

07:34

basically crawl the data or just take the connected data

basically crawl the data or just take the connected data

07:38

and give you a score based off of it. So I really like that. On the other side, it was unclear to be exactly how this was gonna be used. So for for example, you're saying, when we're figuring out whether to pain and you know, how which influence sponsor or how to pay them,

and give you a score based off of it. So I really like that. On the other side, it was unclear to be exactly how this was gonna be used. So for for example, you're saying, when we're figuring out whether to pain and you know, how which influence sponsor or how to pay them,

07:51

you know, something like this is useful.

you know, something like this is useful.

07:53

I think that's the problem with this that it was more compelling

I think that's the problem with this that it was more compelling

07:56

to the cloud

to the cloud

07:58

user who wanted their score... To know their score and for it to go up,

user who wanted their score... To know their score and for it to go up,

08:02

than it was for the brands who needed to find influencers. So I think it really had half of the problem.

than it was for the brands who needed to find influencers. So I think it really had half of the problem.

08:09

I think the second half,

I think the second half,

08:11

like, it wasn't a a must have. Because for example,

like, it wasn't a a must have. Because for example,

08:14

you can... You know, you kinda like you're a brand, you kinda know who influencers are, even if you don't know, you could look at the followers, you could look at their rough engagement, and say, okay, how many likes to followers, you get a very quick proxy for this. You could use Klout, but I'm not gonna pay Klout, like, thirty grand a year for that type of information. To the question is, what type of information? What what would be the the right way to use that Klout score? How could they what could they do with that Klout score. And I I don't know what that answer is, but I think that's where you would have to start if you wanted to restart this idea. What do you think what do you think people could do with this or or do you agree with me that

you can... You know, you kinda like you're a brand, you kinda know who influencers are, even if you don't know, you could look at the followers, you could look at their rough engagement, and say, okay, how many likes to followers, you get a very quick proxy for this. You could use Klout, but I'm not gonna pay Klout, like, thirty grand a year for that type of information. To the question is, what type of information? What what would be the the right way to use that Klout score? How could they what could they do with that Klout score. And I I don't know what that answer is, but I think that's where you would have to start if you wanted to restart this idea. What do you think what do you think people could do with this or or do you agree with me that

08:49

it's hard to charge a brand a lot of money for what's

it's hard to charge a brand a lot of money for what's

08:53

somewhat obvious, which is, you know,

somewhat obvious, which is, you know,

08:55

which influencers have pull. I think you're thinking like a small, medium sized business owner and not McDonald's. Sick burn. And not like, a huge company.

which influencers have pull. I think you're thinking like a small, medium sized business owner and not McDonald's. Sick burn. And not like, a huge company.

09:07

Dude there's a... Gotta You think it's like a fifty billion dollar year business, not a billion.

Dude there's a... Gotta You think it's like a fifty billion dollar year business, not a billion.

09:12

Really funny story I... So I had... I did an interview with Emmett or I did a upon with Emmett the other day. So Emmett... Is the Ceo founder of Twitch and Twitch had bought my company. And so anyways, I... It went well overall, it's gonna come out in a couple of days, but

Really funny story I... So I had... I did an interview with Emmett or I did a upon with Emmett the other day. So Emmett... Is the Ceo founder of Twitch and Twitch had bought my company. And so anyways, I... It went well overall, it's gonna come out in a couple of days, but

09:26

there was one really funny part where he just burned me so bad.

there was one really funny part where he just burned me so bad.

09:30

And I was just so shook by it. I couldn't even... Like, it took me like, five minutes mentally to recover from this. I'm so embarrassed by it. Well, you texted me. You said, he said something to me that stuck in my head, and almost really make me so hard. So, like, I was trying to set them up for, like,

And I was just so shook by it. I couldn't even... Like, it took me like, five minutes mentally to recover from this. I'm so embarrassed by it. Well, you texted me. You said, he said something to me that stuck in my head, and almost really make me so hard. So, like, I was trying to set them up for, like,

09:45

dude, I learned so much from you. I was like, I learned so much from you. And one of the things you taught me was this cool little model during our first one on one, you were like, oh, hey. Here's

dude, I learned so much from you. I was like, I learned so much from you. And one of the things you taught me was this cool little model during our first one on one, you were like, oh, hey. Here's

09:55

Here's a good way to use,

Here's a good way to use,

09:58

like,

like,

09:58

here's a good way to, like format these conversations. Here's like a way to plug it. Like, here's a here's a way to use me. If I was a piece of machinery, here's a manual on how to use it. And he's like, you can come in and you can say one of three things. You can be like, hey, I'm doing this Fyi.

here's a good way to, like format these conversations. Here's like a way to plug it. Like, here's a here's a way to use me. If I was a piece of machinery, here's a manual on how to use it. And he's like, you can come in and you can say one of three things. You can be like, hey, I'm doing this Fyi.

10:13

Here's my decision, F fyi. Here's my... The second one is, here's my dis here's what I think we should do. Do I have your approval? Right? Maybe it's

Here's my decision, F fyi. Here's my... The second one is, here's my dis here's what I think we should do. Do I have your approval? Right? Maybe it's

10:20

very risky. It takes a lot of money to do it. Third one, I don't know what to do, Can you help me. And fourth one is last time, we talked about this and here's where I'm at now. And, like... That's the. I was like, It was really useful. Is that something that you figured out? Like, where'd you learn that? I was trying to get it and sense for it? And he was, like,

very risky. It takes a lot of money to do it. Third one, I don't know what to do, Can you help me. And fourth one is last time, we talked about this and here's where I'm at now. And, like... That's the. I was like, It was really useful. Is that something that you figured out? Like, where'd you learn that? I was trying to get it and sense for it? And he was, like,

10:37

He's, yeah. That's really good

He's, yeah. That's really good

10:40

for, like, mid level managers. And I was like, man. He's like he's like a fair a super seasoned exec I guess, I would do it differently, but that's really good for you're not junior, but you're not like a super seasoned to exec. And I was like,

for, like, mid level managers. And I was like, man. He's like he's like a fair a super seasoned exec I guess, I would do it differently, but that's really good for you're not junior, but you're not like a super seasoned to exec. And I was like,

10:54

absolutely true. I'm not a super seasoned corporate executive. I've never... I think that's where the word where where the word mid has come from. Yeah. But I was like, I don't wanna be mid level the anything.

absolutely true. I'm not a super seasoned corporate executive. I've never... I think that's where the word where where the word mid has come from. Yeah. But I was like, I don't wanna be mid level the anything.

11:03

Like, you could be like, hey, what floor you're staying on? I'm like, I'm in the eight nineteenth floor. They're like I thought your he'll hotel key said ninth. I was like no. I don't say it the big level of nothing. I'm not don't ever put me there. And so he burned me and I was like, he didn't even... He wasn't trying to burn me. Was trying to be totally nice. But in my head, I was like, oh my god. I just got burned.

Like, you could be like, hey, what floor you're staying on? I'm like, I'm in the eight nineteenth floor. They're like I thought your he'll hotel key said ninth. I was like no. I don't say it the big level of nothing. I'm not don't ever put me there. And so he burned me and I was like, he didn't even... He wasn't trying to burn me. Was trying to be totally nice. But in my head, I was like, oh my god. I just got burned.

11:21

And then for the next five minutes, I don't even know what he said, and then I came back to the interview after that.

And then for the next five minutes, I don't even know what he said, and then I came back to the interview after that.

11:26

Well, you shouldn't have brought that up, you're, like, look, I can't get this out of my shirt. Did you... Is... You know when you have that, like, compounding social awkward where it's like, the thing hap, you know,

Well, you shouldn't have brought that up, you're, like, look, I can't get this out of my shirt. Did you... Is... You know when you have that, like, compounding social awkward where it's like, the thing hap, you know,

11:38

I'm checking into my flight. They say have a nice flight and I say, you too.

I'm checking into my flight. They say have a nice flight and I say, you too.

11:42

And new. Yeah. And then I'm like, oh. Know what love. I'm gru. And then they're like, what I should just do is laugh it off right now like a smooth guy.

And new. Yeah. And then I'm like, oh. Know what love. I'm gru. And then they're like, what I should just do is laugh it off right now like a smooth guy.

11:50

And instead,

And instead,

11:52

he just pause you eat it and now it's like, oh, now it's been too long. And then you're kind of you're your own head about it. So that's that's what I did at least. You you you accidentally call them at mom. He had one of those moments.

he just pause you eat it and now it's like, oh, now it's been too long. And then you're kind of you're your own head about it. So that's that's what I did at least. You you you accidentally call them at mom. He had one of those moments.

12:04

So was like, when I should've it, like fifty five minutes later, But, like, I just circling back to that mid level thing. I know you didn't mean that. Right. Can you say that differently in know that feels better to me?

So was like, when I should've it, like fifty five minutes later, But, like, I just circling back to that mid level thing. I know you didn't mean that. Right. Can you say that differently in know that feels better to me?

12:16

Is he like genius? Is is like one of those. He definitely he definitely, that's the other problem too. You can't even be like, the cd doesn't know what he's talking about. Like, no now, this genius knows exactly what he's talking about.

Is he like genius? Is is like one of those. He definitely he definitely, that's the other problem too. You can't even be like, the cd doesn't know what he's talking about. Like, no now, this genius knows exactly what he's talking about.

12:27

Is he working at Twitch still? No. You're retired. That's sick. Alright. Well, maybe Emmett will be you a new Ceo of Twitch? Or cloud, or something like that. I don't know what what's what's gonna do now? Like, go to mars. I mean he's, pretty wealthy. Now. Yeah. I think he's gonna do, like,

Is he working at Twitch still? No. You're retired. That's sick. Alright. Well, maybe Emmett will be you a new Ceo of Twitch? Or cloud, or something like that. I don't know what what's what's gonna do now? Like, go to mars. I mean he's, pretty wealthy. Now. Yeah. I think he's gonna do, like,

12:40

you know, other stuff in life. And we we talked about a little bit on the. I think he's gonna, like, He wants to write a lot, like, essays and stuff like that. Like he he was in the first Yc batch. I think he looks up to Paul graham who sort of a mentor for him and and then he really likes other people who have kinda, like, really contributed to, like, the intellectual discourse of the world, and I think that's what he wants to do with for the next little period of his not go back and operate another company. He did that for seventeen years, which is pretty intense. And Pal graham lives, I think, like, as ideal life as one can. Like, he just, like, yeah. I think he lives in England now with his family, and he just writes an essay once a month, and

you know, other stuff in life. And we we talked about a little bit on the. I think he's gonna, like, He wants to write a lot, like, essays and stuff like that. Like he he was in the first Yc batch. I think he looks up to Paul graham who sort of a mentor for him and and then he really likes other people who have kinda, like, really contributed to, like, the intellectual discourse of the world, and I think that's what he wants to do with for the next little period of his not go back and operate another company. He did that for seventeen years, which is pretty intense. And Pal graham lives, I think, like, as ideal life as one can. Like, he just, like, yeah. I think he lives in England now with his family, and he just writes an essay once a month, and

13:15

everyone just does what he says.

everyone just does what he says.

13:16

You know what I mean Cole? The the the Yc illuminati. They just... Yes, sir.

You know what I mean Cole? The the the Yc illuminati. They just... Yes, sir.

13:22

So it works out well. Alright. So Cloud, I think is a cool idea, but what do you got? Restarting cloud. Okay I that's good. I think I got a different version of

So it works out well. Alright. So Cloud, I think is a cool idea, but what do you got? Restarting cloud. Okay I that's good. I think I got a different version of

13:31

of an idea that

of an idea that

13:33

that was some... Like similar, sort of professional services. Okay.

that was some... Like similar, sort of professional services. Okay.

13:37

So we've had Andrew Wilkinson gibson on the podcast of a bunch. And Andrew is a fan favorite and people... I think like us, really respect what he's done with tiny. It's call it tiny,

So we've had Andrew Wilkinson gibson on the podcast of a bunch. And Andrew is a fan favorite and people... I think like us, really respect what he's done with tiny. It's call it tiny,

13:47

We buy businesses. We buy wonderful businesses. Beautiful businesses. Right? It's a great little stick and he's got a portfolio. I don't know thirty companies now at this point. And the whole thing is worth... I don't know. What's the stock worth today? Maybe seven hundred million dollars or something like that. Six the eight hundred on any day... On on getting given week. Amazing. So amazing sort of bootstrap

We buy businesses. We buy wonderful businesses. Beautiful businesses. Right? It's a great little stick and he's got a portfolio. I don't know thirty companies now at this point. And the whole thing is worth... I don't know. What's the stock worth today? Maybe seven hundred million dollars or something like that. Six the eight hundred on any day... On on getting given week. Amazing. So amazing sort of bootstrap

14:07

venture. And he bootstrap it

venture. And he bootstrap it

14:09

because

because

14:11

two of the businesses out of the thirty are the real crown jewels. MetaLab, which is this design agency. And the other one is Dribbble.

two of the businesses out of the thirty are the real crown jewels. MetaLab, which is this design agency. And the other one is Dribbble.

14:18

And Dribbble is

And Dribbble is

14:20

a business that's very, very simple, which was

a business that's very, very simple, which was

14:23

is based on the simple insight. Every career

is based on the simple insight. Every career

14:27

needs its online resume.

needs its online resume.

14:28

Right? Every job that you're gonna do needs a a way for you to show what you're all about and get more jobs.

Right? Every job that you're gonna do needs a a way for you to show what you're all about and get more jobs.

14:36

And so for most jobs, we have like, to catch all the generic, which is Linkedin. So Linkedin is gonna say, hey, just put a put a resume up here, just say what you've done and and hopefully, that's good enough.

And so for most jobs, we have like, to catch all the generic, which is Linkedin. So Linkedin is gonna say, hey, just put a put a resume up here, just say what you've done and and hopefully, that's good enough.

14:46

But for some jobs, you need something more. So for example, if you're a designer, Linkedin doesn't really help you stand out that much, but now Dribbble would let you go and post designs, so design shots. So like just like screenshots or or or images of what you're designing as your portfolio and it became a portfolio site. And so Dribbble itself is probably worth

But for some jobs, you need something more. So for example, if you're a designer, Linkedin doesn't really help you stand out that much, but now Dribbble would let you go and post designs, so design shots. So like just like screenshots or or or images of what you're designing as your portfolio and it became a portfolio site. And so Dribbble itself is probably worth

15:05

two hundred fifty million dollars I wanna say.

two hundred fifty million dollars I wanna say.

15:08

That's fine. I'm trying to find the financials.

That's fine. I'm trying to find the financials.

15:11

I'm trying to find the financials, but it looks like in two thousand twenty two, Dribbble did eight million in profit, but I'm pretty sure that

I'm trying to find the financials, but it looks like in two thousand twenty two, Dribbble did eight million in profit, but I'm pretty sure that

15:18

it's like here it is

it's like here it is

15:20

It did sixty... So in two thousand twenty two, it did sixty two million in revenue with eight million in earnings.

It did sixty... So in two thousand twenty two, it did sixty two million in revenue with eight million in earnings.

15:25

And because it's a network, that could definitely sell for

And because it's a network, that could definitely sell for

15:29

four, five times revenue depending on its growth rate. Yeah. Exactly. So it's pretty valuable. So I think two hundred two fifty million dollars probably what Dribbble worth. That

four, five times revenue depending on its growth rate. Yeah. Exactly. So it's pretty valuable. So I think two hundred two fifty million dollars probably what Dribbble worth. That

15:38

another friend of the pod, Scott Be did the same thing with be hands. He created B hands, which is a place for designers to post their work

another friend of the pod, Scott Be did the same thing with be hands. He created B hands, which is a place for designers to post their work

15:45

to is a sort of a community for those designers to comment on each other's work, but the business model was, if you wanna go hire a creative, come to Behance. So Dribbble has spoke to the same thing. I think he sold Behance for what? A hundred million something like that? No. I think it was one hundred and seventy five of which she owned sixty or seventy percent of it. Amazing.

to is a sort of a community for those designers to comment on each other's work, but the business model was, if you wanna go hire a creative, come to Behance. So Dribbble has spoke to the same thing. I think he sold Behance for what? A hundred million something like that? No. I think it was one hundred and seventy five of which she owned sixty or seventy percent of it. Amazing.

16:03

So what does that take me now? Okay. So where can you apply this Dribbble or Behance model

So what does that take me now? Okay. So where can you apply this Dribbble or Behance model

16:08

that needs it today? So

that needs it today? So

16:11

Z, I think seven years ago said something. He goes.

Z, I think seven years ago said something. He goes.

16:15

Video is a mega trend.

Video is a mega trend.

16:17

Hey go I was like, what what's a mega trend? Like, he's not... Zuckerberg is not the type to just say, like, flowery words

Hey go I was like, what what's a mega trend? Like, he's not... Zuckerberg is not the type to just say, like, flowery words

16:24

Like, when he says something he's he's part of the words mean things team.

Like, when he says something he's he's part of the words mean things team.

16:29

And so what's a mega? He's, like, a mobile is a mega trend. The Internet was a mega trend, and now video is a mega trend. And he's like, basically, video... Everything is on that team.

And so what's a mega? He's, like, a mobile is a mega trend. The Internet was a mega trend, and now video is a mega trend. And he's like, basically, video... Everything is on that team.

16:39

Who's also I still don't that words me things. And it calls it words mean things, and I saw him... Many, many meetings.

Who's also I still don't that words me things. And it calls it words mean things, and I saw him... Many, many meetings.

16:46

Derail the entire meeting.

Derail the entire meeting.

16:48

Because he was stuck. Like, you said this word. What... Like, what does that word mean? And they're like,

Because he was stuck. Like, you said this word. What... Like, what does that word mean? And they're like,

16:53

I don't know. We all know kind of, right? He's said, no don't know. Does it mean this?

I don't know. We all know kind of, right? He's said, no don't know. Does it mean this?

16:58

This. And then he's, like pay them... He's like, no, because words mean things to me. And so we're gonna use words,

This. And then he's, like pay them... He's like, no, because words mean things to me. And so we're gonna use words,

17:03

they're gonna mean things, and we're gonna all agree on those words mean so that we can have a productive conversation. And I was like, wow, well, it's the words means words mean things teams, Otherwise, known as serious people. You know, like, oh, he's he's a he's a serious he's he's serious people. Like, when they say a handful of words or, like I I know he... Or she specifically chose that word. I love those types of people. He calls it

they're gonna mean things, and we're gonna all agree on those words mean so that we can have a productive conversation. And I was like, wow, well, it's the words means words mean things teams, Otherwise, known as serious people. You know, like, oh, he's he's a he's a serious he's he's serious people. Like, when they say a handful of words or, like I I know he... Or she specifically chose that word. I love those types of people. He calls it

17:26

words mean things versus team alliances.

words mean things versus team alliances.

17:29

And I don't know what team alliances mean. Is is there's a longer there's a longer explanation to that. But

And I don't know what team alliances mean. Is is there's a longer there's a longer explanation to that. But

17:35

He's, you know, they're sort of like, two... The way people think is in two two teams. And one is, like, oh, let's not get lost in semantics. And the other is, like, semantics is everything. That's how we're... That's how we are gonna communicate.

He's, you know, they're sort of like, two... The way people think is in two two teams. And one is, like, oh, let's not get lost in semantics. And the other is, like, semantics is everything. That's how we're... That's how we are gonna communicate.

17:46

Let's let's not

Let's let's not

17:48

be weak about that. Let's words mean things. Let's agree on that.

be weak about that. Let's words mean things. Let's agree on that.

17:51

Anyways, so

Anyways, so

17:53

Zuck said this mega trend. And if you look at it, everything has shifted to video. So

Zuck said this mega trend. And if you look at it, everything has shifted to video. So

17:58

entertainment

entertainment

17:59

Netflix, streaming all that obviously on to video. News is highly video.

Netflix, streaming all that obviously on to video. News is highly video.

18:05

Education has become driven a lot by video.

Education has become driven a lot by video.

18:07

Commerce is driven by, let's say, video ads and how you're gonna display your product.

Commerce is driven by, let's say, video ads and how you're gonna display your product.

18:13

Communications, stupid podcast. With Zoom. Please

Communications, stupid podcast. With Zoom. Please

18:16

We audio was become wet. We now have to we now have to go to Youtube, but I have to wear, like, a nice shirt sometimes. Yeah. I did. I wet my hair, like, you, Used to do it school and the water fountain. And I wet my hair before the five. Due a quick little spruce.

We audio was become wet. We now have to we now have to go to Youtube, but I have to wear, like, a nice shirt sometimes. Yeah. I did. I wet my hair, like, you, Used to do it school and the water fountain. And I wet my hair before the five. Due a quick little spruce.

18:29

So this this make a trend, but where do you hire people that specialized in working in video? So where do you have hire people that are video editors?

So this this make a trend, but where do you hire people that specialized in working in video? So where do you have hire people that are video editors?

18:38

Or... Or even like the auxiliary things like thumbnail artists or video strategist.

Or... Or even like the auxiliary things like thumbnail artists or video strategist.

18:43

Where is their Behance? Where is their Dribbble? Where can I go see

Where is their Behance? Where is their Dribbble? Where can I go see

18:48

portfolios or

portfolios or

18:49

like, a news feed of people who did really cool animations or

like, a news feed of people who did really cool animations or

18:53

cool edits

cool edits

18:55

to a video and then be able to hire those people? As somebody who's hiring a lot of video people, I

to a video and then be able to hire those people? As somebody who's hiring a lot of video people, I

19:01

don't find this site. I think if somebody created be hands for video,

don't find this site. I think if somebody created be hands for video,

19:05

I think that that is a that is a big idea. Dribbble for video. I think that is... Completely agree.

I think that that is a that is a big idea. Dribbble for video. I think that is... Completely agree.

19:10

I one hundred percent agree. And I'll explain why. So I actually had a very similar topic that I was gonna break. I was gonna call it Linkedin for x. And the reason being is

I one hundred percent agree. And I'll explain why. So I actually had a very similar topic that I was gonna break. I was gonna call it Linkedin for x. And the reason being is

19:20

I think I think you told me about this. It's called docs doc docs is it dac? Doc doc. Doximity.

I think I think you told me about this. It's called docs doc docs is it dac? Doc doc. Doximity.

19:29

So basically, it's Linkedin for doctors. You told me about it. So I didn't realize. It's publicly traded. It has a four or five billion dollar valuation. It's a great business So it's basically... Which by the way that context. It has, I think two million doctors. Linkedin probably has...

So basically, it's Linkedin for doctors. You told me about it. So I didn't realize. It's publicly traded. It has a four or five billion dollar valuation. It's a great business So it's basically... Which by the way that context. It has, I think two million doctors. Linkedin probably has...

19:43

I don't know, three hundred million people or something like that hundreds of millions of users? A fraction. And LinkedIn sold for twenty billion. Doximity you said is at four billion

I don't know, three hundred million people or something like that hundreds of millions of users? A fraction. And LinkedIn sold for twenty billion. Doximity you said is at four billion

19:52

So it's no five, four point eight. Five Okay. So it's only four times less valuable than Linkedin with a hundred x less customers. Right? Because the value customer is so much higher. Yeah.

So it's no five, four point eight. Five Okay. So it's only four times less valuable than Linkedin with a hundred x less customers. Right? Because the value customer is so much higher. Yeah.

20:02

And and so I was reading about it, and they had this term that I loved They go, we we're we're... We launch this because we are always looking for digitally

And and so I was reading about it, and they had this term that I loved They go, we we're we're... We launch this because we are always looking for digitally

20:11

digitally, under indexed industries. And I thought that was a beautiful word Was that? Digitally under some of that. And so what that means is basically,

digitally, under indexed industries. And I thought that was a beautiful word Was that? Digitally under some of that. And so what that means is basically,

20:20

communities of professionals who just aren't aren't being catered to in a digital format. So you could say lawyers. You could say...

communities of professionals who just aren't aren't being catered to in a digital format. So you could say lawyers. You could say...

20:27

Actually don't even know what else Mean there's a lot of them. You could... There's one there's one for blue collar workers called job case. And the reason why this interests me is at hampton,

Actually don't even know what else Mean there's a lot of them. You could... There's one there's one for blue collar workers called job case. And the reason why this interests me is at hampton,

20:37

What I'm noticing is that even though we didn't mean to do this, we're sort of becoming a little bit of a network, not quite a social network, but I'm seeing I'm like, if we wanted to, which I don't really want to. We could make this like a... Have you heard of R, you know what Ra is? Yeah. The dating app for hot people.

What I'm noticing is that even though we didn't mean to do this, we're sort of becoming a little bit of a network, not quite a social network, but I'm seeing I'm like, if we wanted to, which I don't really want to. We could make this like a... Have you heard of R, you know what Ra is? Yeah. The dating app for hot people.

20:54

Yeah. It's like, well, I think they call it, like, elites or something, but it's like a pay dating app for, like, elites. So like the... For the facial we elite, Yeah. Or or or the the the the bank elite, you know, like, if you have... Depending you gonna start saying instead of soc economic under privilege. I'm officially under privileged

Yeah. It's like, well, I think they call it, like, elites or something, but it's like a pay dating app for, like, elites. So like the... For the facial we elite, Yeah. Or or or the the the the bank elite, you know, like, if you have... Depending you gonna start saying instead of soc economic under privilege. I'm officially under privileged

21:15

I've been able to overcome this this adversity.

I've been able to overcome this this adversity.

21:18

Yeah.

Yeah.

21:19

Well,

Well,

21:20

this shit has gotten me really interesting because I think that what you can do which basically what... How do you call it doc do?

this shit has gotten me really interesting because I think that what you can do which basically what... How do you call it doc do?

21:27

That's.

That's.

21:28

Proximity. What does that mean? That some... Say you have to know how to say the word nor to even get in. It sounds like a drag.

Proximity. What does that mean? That some... Say you have to know how to say the word nor to even get in. It sounds like a drag.

21:34

Forget words mean things. Sounds... Don't even mean things.

Forget words mean things. Sounds... Don't even mean things.

21:38

But this company did... So they're growing quickly. They're doing, like, four hundred million in revenue a hundred and fifty million dollars in income. So they've been profitable for years. And they've built this linkedin for doctors. And I think it's a really good business.

But this company did... So they're growing quickly. They're doing, like, four hundred million in revenue a hundred and fifty million dollars in income. So they've been profitable for years. And they've built this linkedin for doctors. And I think it's a really good business.

21:50

And what I've been really fascinated in, fascinated about is what type of niches can you build professional networks

And what I've been really fascinated in, fascinated about is what type of niches can you build professional networks

21:58

that are somewhat ignored because do you go on... Do go on to Linkedin? Yeah. I I use Linkedin. What is your inbox on Linkedin look like right now? Oh, I just ignore their box mostly.

that are somewhat ignored because do you go on... Do go on to Linkedin? Yeah. I I use Linkedin. What is your inbox on Linkedin look like right now? Oh, I just ignore their box mostly.

22:08

Exactly. Why do you do that? It's mostly mostly junk and it's strange. Yeah. So it's like crap. It's crap. The inbox of LinkedIn is horrible. No networking is happening there. And like, people mostly use it for their resume tracking and things like that. But there's a bunch of jobs out there like lawyers, like doctors, where it's a relatively

Exactly. Why do you do that? It's mostly mostly junk and it's strange. Yeah. So it's like crap. It's crap. The inbox of LinkedIn is horrible. No networking is happening there. And like, people mostly use it for their resume tracking and things like that. But there's a bunch of jobs out there like lawyers, like doctors, where it's a relatively

22:29

small community. Two million people, three million people. I think there's two and a half lawyers in America. There's two point one million doctors in America. These are relatively

small community. Two million people, three million people. I think there's two and a half lawyers in America. There's two point one million doctors in America. These are relatively

22:37

small where you could have small it, like circles that know

small where you could have small it, like circles that know

22:41

eighty percent of the population on the network because I'm a friend with you who spreads with you, and then now I'm connected to you And, like, it's small enough. And so I've been really fascinating very similar to the Dribbble thing. Dribbble is a little bit more resume and showing off portfolio work.

eighty percent of the population on the network because I'm a friend with you who spreads with you, and then now I'm connected to you And, like, it's small enough. And so I've been really fascinating very similar to the Dribbble thing. Dribbble is a little bit more resume and showing off portfolio work.

22:54

This is a little bit more networking, and... But it's also resume. I've been very fascinated by these businesses that do this. And the hard part I think with with any social network

This is a little bit more networking, and... But it's also resume. I've been very fascinated by these businesses that do this. And the hard part I think with with any social network

23:03

is it's like, what's the chicken and the egg problem, which is like, you know, it's not good unless we have users, but we don't have any users and we need users. Yeah.

is it's like, what's the chicken and the egg problem, which is like, you know, it's not good unless we have users, but we don't have any users and we need users. Yeah.

23:12

But what I've noticed is that there's so many people on young ish people on Tiktok who are professionals that are crushing it. So there's, like, a bunch of dentists or ortho the doctors people, tons and tons of chiropractors, like, are... There's lots of, like, professional services

But what I've noticed is that there's so many people on young ish people on Tiktok who are professionals that are crushing it. So there's, like, a bunch of dentists or ortho the doctors people, tons and tons of chiropractors, like, are... There's lots of, like, professional services

23:26

that are going viral on Tiktok. And if I'm in this position, which I guess I kinda of man, and what I'm thinking like, what else can we do Hampton for I was like, man, I could totally partner with some of these, like, and create a hampton for doctors,

that are going viral on Tiktok. And if I'm in this position, which I guess I kinda of man, and what I'm thinking like, what else can we do Hampton for I was like, man, I could totally partner with some of these, like, and create a hampton for doctors,

23:38

but to do a social network. I was like, I I'm... That's not in my skill. So I'm not good enough to do that. But I bet if I could, like, convince some crazy person, like, the nikita to beer or someone who knows about networking or networks, network effects. I think you can actually build a substantial sized business for niche professional communities, whether they're paying a small fee to be part of it or you build an ad network on it.

but to do a social network. I was like, I I'm... That's not in my skill. So I'm not good enough to do that. But I bet if I could, like, convince some crazy person, like, the nikita to beer or someone who knows about networking or networks, network effects. I think you can actually build a substantial sized business for niche professional communities, whether they're paying a small fee to be part of it or you build an ad network on it.

23:59

But I'm very fascinated by these, like niche communities for professional services that are more than communities, but like like Linkedin style. Yeah. I think these are super hard and

But I'm very fascinated by these, like niche communities for professional services that are more than communities, but like like Linkedin style. Yeah. I think these are super hard and

24:10

would you do them? They're obviously very, very valuable. Any network is really really valuable once you create it. But I think these are very, very difficult. It's really hard to have one idea, which is why

would you do them? They're obviously very, very valuable. Any network is really really valuable once you create it. But I think these are very, very difficult. It's really hard to have one idea, which is why

24:19

Like, I don't think there's like, ten ideas like this. I think, like, right now, there might be one or two ideas of this that might work, which is why for the video one, I got excited because

Like, I don't think there's like, ten ideas like this. I think, like, right now, there might be one or two ideas of this that might work, which is why for the video one, I got excited because

24:29

I think that...

I think that...

24:30

It's not winner-take-all. It's... Well, it's clear that there's an industry where you need this and that showing

It's not winner-take-all. It's... Well, it's clear that there's an industry where you need this and that showing

24:36

good I am as a video editor through my paper resume is bad. So you need like, you need a paper resume to not tell the story

good I am as a video editor through my paper resume is bad. So you need like, you need a paper resume to not tell the story

24:43

then you need for there to be a lot of people in that industry and a lot of people hiring for that industry. That's the combo you need. And I... That's why I think that this sort of Dribbble for video editors is a multi-hundred million dollar idea, if somebody would would pull it off. Alright. We kinda tag team that one a little bit. You wanna go next?

then you need for there to be a lot of people in that industry and a lot of people hiring for that industry. That's the combo you need. And I... That's why I think that this sort of Dribbble for video editors is a multi-hundred million dollar idea, if somebody would would pull it off. Alright. We kinda tag team that one a little bit. You wanna go next?

25:01

Here's a different kind of idea. So here's an idea that I think would be...

Here's a different kind of idea. So here's an idea that I think would be...

25:06

It's not... Doesn't require the Internet You could turn off Wifi and do this idea. I like that. It's not easy,

It's not... Doesn't require the Internet You could turn off Wifi and do this idea. I like that. It's not easy,

25:13

but it's also not

but it's also not

25:15

really impossible either.

really impossible either.

25:18

So it's somewhere

So it's somewhere

25:20

in the middle.

in the middle.

25:21

And also on the on the upside, I think it's also like on the low end, you make millions of dollars a year on the high end, you make tens of millions of dollars here.

And also on the on the upside, I think it's also like on the low end, you make millions of dollars a year on the high end, you make tens of millions of dollars here.

25:30

So what if told you that in San Francisco, I discovered a business. That does thirty-one million dollars in revenue locally here in San Francisco.

So what if told you that in San Francisco, I discovered a business. That does thirty-one million dollars in revenue locally here in San Francisco.

25:38

No no no revenue outside of san Francisco.

No no no revenue outside of san Francisco.

25:42

On the thirty one million in revenue, it does about eleven million in profit.

On the thirty one million in revenue, it does about eleven million in profit.

25:45

And in brick it's brick and mortar, brick and mortar.

And in brick it's brick and mortar, brick and mortar.

25:48

Wow. And it has a hundred million dollars of assets on the balance sheet.

Wow. And it has a hundred million dollars of assets on the balance sheet.

25:53

Do you wanna take a guess on what kind of business it is?

Do you wanna take a guess on what kind of business it is?

25:56

Well, it's one of the things you had listed, but does it involve religion? It does not, no.

Well, it's one of the things you had listed, but does it involve religion? It does not, no.

26:04

Oh, what is it? It is a private elementary school.

Oh, what is it? It is a private elementary school.

26:07

So No way.

So No way.

26:09

There are private elementary schools in San Francisco. So so one... I looked at a bunch of them. The one the the one I think that does the best or the one that I found that does the best is one called the Hamlin School.

There are private elementary schools in San Francisco. So so one... I looked at a bunch of them. The one the the one I think that does the best or the one that I found that does the best is one called the Hamlin School.

26:21

And it's based in San Francisco. It's to non nonprofit. So you can see all the financials online, but you can see this for for many of them.

And it's based in San Francisco. It's to non nonprofit. So you can see all the financials online, but you can see this for for many of them.

26:28

It's just for girls. It's it's a girls only school k through eight, I think, and

It's just for girls. It's it's a girls only school k through eight, I think, and

26:34

only four hundred fifty kids. So four hundred fifty girls go to the school,

only four hundred fifty kids. So four hundred fifty girls go to the school,

26:38

you pay basically a college level tuition. So parents pay forty thousand dollars a year

you pay basically a college level tuition. So parents pay forty thousand dollars a year

26:43

to send their kid to kindergarten or first grade.

to send their kid to kindergarten or first grade.

26:47

Forty grand, Are you gonna do that? I'm not gonna do. I'm out of the city now, but

Forty grand, Are you gonna do that? I'm not gonna do. I'm out of the city now, but

26:51

the...

the...

26:52

There's a lot of people to do because they have a waitlist and hardcore admissions process. If you want your kindergartener to get into school, you have to dress up go to the interview, prep them, be like, Hey, don't make a fool lot of us. We've been preparing you for four years for this. Come on.

There's a lot of people to do because they have a waitlist and hardcore admissions process. If you want your kindergartener to get into school, you have to dress up go to the interview, prep them, be like, Hey, don't make a fool lot of us. We've been preparing you for four years for this. Come on.

27:07

Perform. Do the thing. And you send them in and they do an interview with them. Your your four year old does an interview. Oh, I know this school! I used to play basketball and they have a sick basketball hoop.

Perform. Do the thing. And you send them in and they do an interview with them. Your your four year old does an interview. Oh, I know this school! I used to play basketball and they have a sick basketball hoop.

27:18

Overlooking in the city. Yeah. Yeah. That's at the top of Pac Heights. And Yeah. Yeah. Yeah.

Overlooking in the city. Yeah. Yeah. That's at the top of Pac Heights. And Yeah. Yeah. Yeah.

27:23

And so there's a wait list parents dying to get in.

And so there's a wait list parents dying to get in.

27:27

And they own the buildings. They own the real estate that they are... That they operate out of, which is why they have so much, like, how many... So much value and assets on the balance sheet because they own, like,

And they own the buildings. They own the real estate that they are... That they operate out of, which is why they have so much, like, how many... So much value and assets on the balance sheet because they own, like,

27:36

huge properties in the prime spots of San Francisco.

huge properties in the prime spots of San Francisco.

27:41

So... And I looked at a bunch of these. There's another one Burke. And another one. There's a whole bunch of these that that exist. And they range from, like, you could see, okay, 2021, how much revenue do they do. Okay. They did fifteen million or twenty million in revenue, some are more profitable than others. So Hamlin is particularly profitable. But the other ones would be like

So... And I looked at a bunch of these. There's another one Burke. And another one. There's a whole bunch of these that that exist. And they range from, like, you could see, okay, 2021, how much revenue do they do. Okay. They did fifteen million or twenty million in revenue, some are more profitable than others. So Hamlin is particularly profitable. But the other ones would be like

28:00

fifteen million to twenty million dollars in revenue and two million in profit.

fifteen million to twenty million dollars in revenue and two million in profit.

28:04

Still not bad, not bad at all And and they would have twenty five million in assets on the on the books. And you could see who goes there because they have to list who donate.

Still not bad, not bad at all And and they would have twenty five million in assets on the on the books. And you could see who goes there because they have to list who donate.

28:12

So you could see the donations from different families. Oh, that's the Facebook executive and this person is a a famous author and a famous movie producer and whatever. Right? So there's a... How much do they donate? Like, what... What's a big donate?

So you could see the donations from different families. Oh, that's the Facebook executive and this person is a a famous author and a famous movie producer and whatever. Right? So there's a... How much do they donate? Like, what... What's a big donate?

28:24

Donations are, like low seven figures right now?

Donations are, like low seven figures right now?

28:26

I think you know, like, they did like a... We're gonna renovate the school and they raised fifty million dollars to renovate the school. That's donations outside of the tuition. So that's just... Just please give us money so we can have a better building and you get to name the library after you type thing. Pretty insane.

I think you know, like, they did like a... We're gonna renovate the school and they raised fifty million dollars to renovate the school. That's donations outside of the tuition. So that's just... Just please give us money so we can have a better building and you get to name the library after you type thing. Pretty insane.

28:42

So there's a huge number of people... Because the public school system in San Francisco is not very good or considered to be not very good I I have no idea what it actually is, but that's the reputation it has.

So there's a huge number of people... Because the public school system in San Francisco is not very good or considered to be not very good I I have no idea what it actually is, but that's the reputation it has.

28:53

So I think there's opportunity to do the following? So so the good for them. Now what's the opportunity Opportunity is

So I think there's opportunity to do the following? So so the good for them. Now what's the opportunity Opportunity is

28:58

if you were ambitious enough, you could

if you were ambitious enough, you could

29:02

look at if you cared about this topic. If you cared about this topic, You you really gotta care about this shit because this is gonna be...

look at if you cared about this topic. If you cared about this topic, You you really gotta care about this shit because this is gonna be...

29:08

I don't know. Debatable. I think you have to care enough.

I don't know. Debatable. I think you have to care enough.

29:11

I don't think you have to, like, be born to educate. I don't think you're, you know, you have to be or whatever. Missed out fire here. Like, yeah, I think you have to

I don't think you have to, like, be born to educate. I don't think you're, you know, you have to be or whatever. Missed out fire here. Like, yeah, I think you have to

29:19

be a smart person who is gonna hold a standard just like you would for any other business. A man address as an elderly woman. You do you you definitely don't have to be in... That's that that's not required.

be a smart person who is gonna hold a standard just like you would for any other business. A man address as an elderly woman. You do you you definitely don't have to be in... That's that that's not required.

29:29

In fact in fact, you can't be that. Probably. You probably about what the most ideal teacher is, it's miss Out far. So

In fact in fact, you can't be that. Probably. You probably about what the most ideal teacher is, it's miss Out far. So

29:37

a forty year old

a forty year old

29:40

sports mad. And she'll take care. She'll take care. Both at the same time.

sports mad. And she'll take care. She'll take care. Both at the same time.

29:45

so there's all these So commercial real estate is that, like, an all time low in San Francisco. There's empty buildings everywhere. Why? Because remote work, it was too expensive.

so there's all these So commercial real estate is that, like, an all time low in San Francisco. There's empty buildings everywhere. Why? Because remote work, it was too expensive.

29:53

And now

And now

29:55

these companies are basically just trying to get out of their leases. So on one hand, you have huge office buildings that are going vacant.

these companies are basically just trying to get out of their leases. So on one hand, you have huge office buildings that are going vacant.

30:01

And on the other totally dead down there right now.

And on the other totally dead down there right now.

30:04

No. It's not totally then, but it's the lowest it's ever been So, you know, by low if that's your strategy, This a good time to do it. So I think you could buy one of these commercial or industrial buildings.

No. It's not totally then, but it's the lowest it's ever been So, you know, by low if that's your strategy, This a good time to do it. So I think you could buy one of these commercial or industrial buildings.

30:14

And convert it into a private elementary school. Now we're gonna need a couple of things. We're gonna need a name and a differentiator.

And convert it into a private elementary school. Now we're gonna need a couple of things. We're gonna need a name and a differentiator.

30:21

On the name side,

On the name side,

30:23

I got a few to throw at you. You tell me what which one you like? Well, let's just go look at but to old ship wrecks that... Bougiest names I found. Here we go. Would you like your child to attend

I got a few to throw at you. You tell me what which one you like? Well, let's just go look at but to old ship wrecks that... Bougiest names I found. Here we go. Would you like your child to attend

30:32

Windsor Oaks.

Windsor Oaks.

30:35

Would you like your child to attend the prestigious

Would you like your child to attend the prestigious

30:37

Carrington school?

Carrington school?

30:39

That one's nice.

That one's nice.

30:41

And the other one is, oh, yeah. Yeah. Our daughter got into Thatcher Darby.

And the other one is, oh, yeah. Yeah. Our daughter got into Thatcher Darby.

30:45

And if your daughter gets into the Thatcher Darby, you feel pretty good right now. So, well, are these just like famous like streets in England? I just looked up expensive ass last names. So that was my Google search and then I found a list of a hundred.

And if your daughter gets into the Thatcher Darby, you feel pretty good right now. So, well, are these just like famous like streets in England? I just looked up expensive ass last names. So that was my Google search and then I found a list of a hundred.

30:56

And then I started pairing two together, like Windsor Oakley and and and Thatcher Darby

And then I started pairing two together, like Windsor Oakley and and and Thatcher Darby

31:02

together. So I think I got some some solid leads there. The other thing things we need a differentiator. And

together. So I think I got some some solid leads there. The other thing things we need a differentiator. And

31:07

when I talk... So I have some friends who who have kids that go to these schools. And I asked them. I said, what what would you wish was different? And they'll I was, you're paying a crazy price. I thought they would say something like price or

when I talk... So I have some friends who who have kids that go to these schools. And I asked them. I said, what what would you wish was different? And they'll I was, you're paying a crazy price. I thought they would say something like price or

31:19

teacher student ratios. So this... They were like no. Look.

teacher student ratios. So this... They were like no. Look.

31:22

These are all gonna be expensive. And in fact,

These are all gonna be expensive. And in fact,

31:24

I'm fortunate, I did well, the number one thing I wanna spend on is my kids education. If I... You know, if there was a cheaper school, I don't think we would switch.

I'm fortunate, I did well, the number one thing I wanna spend on is my kids education. If I... You know, if there was a cheaper school, I don't think we would switch.

31:32

Because we would feel like, well, are we really gonna try to go for like, a a lesser education No. This was a waitlist list... Price is not the problem.

Because we would feel like, well, are we really gonna try to go for like, a a lesser education No. This was a waitlist list... Price is not the problem.

31:40

And I said, teacher student ratio, they said now it's six teachers for every one kids. So on the four hundred fifty kids, they have seventy five teachers to to run this school that does thirty million dollars. You you did it the wrong with six students per one teacher? Correct. Correct. Got it. Yeah. Six teachers for one student would be insane.

And I said, teacher student ratio, they said now it's six teachers for every one kids. So on the four hundred fifty kids, they have seventy five teachers to to run this school that does thirty million dollars. You you did it the wrong with six students per one teacher? Correct. Correct. Got it. Yeah. Six teachers for one student would be insane.

31:56

Yeah. That'd be weird. A little weird.

Yeah. That'd be weird. A little weird.

31:58

Yeah. We're around weird.

Yeah. We're around weird.

32:02

though the... I said, what's the biggest pain I they got? You know what? I hate to say this? I I consider myself a a liberal person, live and let live.

though the... I said, what's the biggest pain I they got? You know what? I hate to say this? I I consider myself a a liberal person, live and let live.

32:10

But there's like an agenda in these schools. And the agenda is, like, very woke. So, you know, like, our kids and elementary school have, like,

But there's like an agenda in these schools. And the agenda is, like, very woke. So, you know, like, our kids and elementary school have, like,

32:19

they're being taught

they're being taught

32:21

you know,

you know,

32:22

that there are, like, you know, what is gender? You could be a boy, but you're a girl Like, I just don't want my, like,

that there are, like, you know, what is gender? You could be a boy, but you're a girl Like, I just don't want my, like,

32:27

first grader to be thinking, oh, I'm a girl, but I could be a boy, like they don't really want that. And this is at the public schools, right? This is at the private schools. Oh. And so they're like, you know, and, you know, there's just such a heavy influence. They they said, you, it's crazy in our elementary school, there's

first grader to be thinking, oh, I'm a girl, but I could be a boy, like they don't really want that. And this is at the public schools, right? This is at the private schools. Oh. And so they're like, you know, and, you know, there's just such a heavy influence. They they said, you, it's crazy in our elementary school, there's

32:43

there are, like,

there are, like,

32:45

clubs that are, you know,

clubs that are, you know,

32:47

it sounds like what you would have at, like, maybe a very liberal college, but, like, God, I don't feel like that has a place in elementary school, just let kids be kids. So

it sounds like what you would have at, like, maybe a very liberal college, but, like, God, I don't feel like that has a place in elementary school, just let kids be kids. So

32:55

the differentiator is gonna be,

the differentiator is gonna be,

32:57

hey, What happened to schools teaching math and science. Let's do that. Right? That's what we're gonna teach. We're not gonna teach political stuff. We're not gonna teach all these social issues, like, their kids, let them be kids, we're gonna be a hardcore math science STEM education school. We're the best this one is that? No. No. That's this is... That's what Thatcher Darby is gonna be.

hey, What happened to schools teaching math and science. Let's do that. Right? That's what we're gonna teach. We're not gonna teach political stuff. We're not gonna teach all these social issues, like, their kids, let them be kids, we're gonna be a hardcore math science STEM education school. We're the best this one is that? No. No. That's this is... That's what Thatcher Darby is gonna be.

33:16

I love it. Hardcore math science, and we don't subscribe to all we keep the the the politics out of the school. That's that's our only promise. You're here, to learn and we're gonna learn

I love it. Hardcore math science, and we don't subscribe to all we keep the the the politics out of the school. That's that's our only promise. You're here, to learn and we're gonna learn

33:26

these topics and we're not trying to shape your kids socially or politically in any way. You and I have a friend who's got a

these topics and we're not trying to shape your kids socially or politically in any way. You and I have a friend who's got a

33:34

Well, he's just turned... He just became a teenager, thirteen. And I said, hey, hey, Brian, how how's school going? You know, I about that age. You're you're liking girls. I bet. You you... Anyone you'll have a crush on.

Well, he's just turned... He just became a teenager, thirteen. And I said, hey, hey, Brian, how how's school going? You know, I about that age. You're you're liking girls. I bet. You you... Anyone you'll have a crush on.

33:47

No. It's not really working out Well, why not? He goes,

No. It's not really working out Well, why not? He goes,

33:50

They're all non binary.

They're all non binary.

33:52

And I'm just like, what? Why he goes...

And I'm just like, what? Why he goes...

33:55

Yeah. There's only one that's etcetera sexual

Yeah. There's only one that's etcetera sexual

33:59

and sis or something like that. But the rest are non binary, and the girl I like is non binary, so she said she can't be with me. And I was like, alright. Well, that is a pain in the ass. I don't know what it's to same to that. Yeah. No advice. I have no idea what we talking.

and sis or something like that. But the rest are non binary, and the girl I like is non binary, so she said she can't be with me. And I was like, alright. Well, that is a pain in the ass. I don't know what it's to same to that. Yeah. No advice. I have no idea what we talking.

34:12

Yeah. Yeah. So what do you wanna have for lunch? Like, it was like,

Yeah. Yeah. So what do you wanna have for lunch? Like, it was like,

34:17

it it sounds really challenging. Honestly,

it it sounds really challenging. Honestly,

34:19

most of times, generations, we'll say like, oh, you have so easy. I had it so much harder when I was very age. Right.

most of times, generations, we'll say like, oh, you have so easy. I had it so much harder when I was very age. Right.

34:25

Not true here. I do not envy a twelve or fifteen year old in in in that at that age. Which just a different. Right? And I I I don't know if it's better or worse not saying that, but I do think there should be options in the market for what you want. Some some people

Not true here. I do not envy a twelve or fifteen year old in in in that at that age. Which just a different. Right? And I I I don't know if it's better or worse not saying that, but I do think there should be options in the market for what you want. Some some people

34:38

really do want their kid to be

really do want their kid to be

34:42

exposed to a whole bunch of different issues it'd be a a well rounded human being and well versed in a bunch of different issues. And other people are like, you know, I don't really want my kid about that. I just really want them to have a good

exposed to a whole bunch of different issues it'd be a a well rounded human being and well versed in a bunch of different issues. And other people are like, you know, I don't really want my kid about that. I just really want them to have a good

34:52

education learning about

education learning about

34:54

math, science,

math, science,

34:55

you know, reading, writing, those things and I'd like the school to do that. And I will

you know, reading, writing, those things and I'd like the school to do that. And I will

35:00

handle the kind of like the outside of of of those that curriculum

handle the kind of like the outside of of of those that curriculum

35:04

type of education. So I'm not saying one word whichever phrase it to be like, different

type of education. So I'm not saying one word whichever phrase it to be like, different

35:08

where where well rounded this goes to die

where where well rounded this goes to die

35:12

or something like that. Is that

or something like that. Is that

35:15

hard for science machines

hard for science machines

35:17

yeah. What we think.

yeah. What we think.

35:21

We don't like

We don't like

35:23

standardized testing. We love it.

standardized testing. We love it.

35:25

Yeah. So, yeah. You you've got something here. Diversity here is Javascript.

Yeah. So, yeah. You you've got something here. Diversity here is Javascript.

35:31

Something Alright. That's cool. But that's crazy that. School makes that much money. Yeah. Who who would've have thought? I didn't really think about, like, ever, like, oh, because you could create a school. That that school if it's doing, you know,

Something Alright. That's cool. But that's crazy that. School makes that much money. Yeah. Who who would've have thought? I didn't really think about, like, ever, like, oh, because you could create a school. That that school if it's doing, you know,

35:42

you know, any of those schools, those are basically like somewhere between fifty and two hundred million dollar assets if you were to sell them. Maybe more if they... One of them has a hundred million dollars of assets on the on this balance sheet. Like,

you know, any of those schools, those are basically like somewhere between fifty and two hundred million dollar assets if you were to sell them. Maybe more if they... One of them has a hundred million dollars of assets on the on this balance sheet. Like,

35:54

these are these are very big businesses that are just one location

these are these are very big businesses that are just one location

35:59

brick and mortar schools with four hundred customers. That's kind of amazing. Did I ever tell you about the time I was a tele?

brick and mortar schools with four hundred customers. That's kind of amazing. Did I ever tell you about the time I was a tele?

36:07

No.

No.

36:10

at my high school,

at my high school,

36:12

if you needed some money, the best job was to be a tele.

if you needed some money, the best job was to be a tele.

36:16

And what were we selling for what? Yeah. What were we selling you ask? We were begging for money. And so what they would do?

And what were we selling for what? Yeah. What were we selling you ask? We were begging for money. And so what they would do?

36:24

Is you get paid ten dollars an hour, but you'd get a commission and you get pizza. And I work that job for a year,

Is you get paid ten dollars an hour, but you'd get a commission and you get pizza. And I work that job for a year,

36:31

three nights a week, And what they would do is every time you'd sit down at your desk, and goes up in the evening. They they pay commission, salary, and pizza. Dear diary. Yeah. Jeff. That was the thing. I was like, I was sixteen. That was the thing. We had dinner. It was... They had soda and pizza, and you'd sit down at your desk. I'd worked I work there from, like, three Pm to, like, eight Pm, you sit down at your desk and you have a phone, and then you just have a box of no cards. And on the no cards, it says,

three nights a week, And what they would do is every time you'd sit down at your desk, and goes up in the evening. They they pay commission, salary, and pizza. Dear diary. Yeah. Jeff. That was the thing. I was like, I was sixteen. That was the thing. We had dinner. It was... They had soda and pizza, and you'd sit down at your desk. I'd worked I work there from, like, three Pm to, like, eight Pm, you sit down at your desk and you have a phone, and then you just have a box of no cards. And on the no cards, it says,

36:56

how much the person donated previously,

how much the person donated previously,

36:59

what their resume is so where they worked and what their age is. And what you would do after this is a little trick of the trade, You find the oldest person there who's got the best career or who has previously donated the most amount of money and you line those up and you just start calling them and you say, you know, hey, mister... Hey hey, hey, mister Smith, This is a Sam at S your Alma mater. I know you graduated here in nineteen fifty six.

what their resume is so where they worked and what their age is. And what you would do after this is a little trick of the trade, You find the oldest person there who's got the best career or who has previously donated the most amount of money and you line those up and you just start calling them and you say, you know, hey, mister... Hey hey, hey, mister Smith, This is a Sam at S your Alma mater. I know you graduated here in nineteen fifty six.

37:23

But look, things are going great here, but We need some money in order to build this thing or that thing. Can I count you down for a five thousand dollar donation? You did three thousand dollars two years ago, but times have changed my friend. We gotta step it up. Like, you wanna be a man for others or not? Now is the time. And, like, we would like... We had these scripts that we had, like, sell these guys are giving us money to build something.

But look, things are going great here, but We need some money in order to build this thing or that thing. Can I count you down for a five thousand dollar donation? You did three thousand dollars two years ago, but times have changed my friend. We gotta step it up. Like, you wanna be a man for others or not? Now is the time. And, like, we would like... We had these scripts that we had, like, sell these guys are giving us money to build something.

37:44

And I would bring in, I don't remember the exact numbers, but like tens of thousands of dollars a month in donations from these alumni. And that was my job which just to call these guys constantly. And we would do... I don't know. Maybe a hundred calls or something like that, a night just trying to get this money and you would get, like, if you brought in five gram, boom, you got a hundred dollars. Like, that's what we did. And it was the greatest effect. It on it.

And I would bring in, I don't remember the exact numbers, but like tens of thousands of dollars a month in donations from these alumni. And that was my job which just to call these guys constantly. And we would do... I don't know. Maybe a hundred calls or something like that, a night just trying to get this money and you would get, like, if you brought in five gram, boom, you got a hundred dollars. Like, that's what we did. And it was the greatest effect. It on it.

38:05

I don't remember... No We weren't making... Because the money had to go to the school. Was this or was, you know, was there a generator overseeing you what was going on here? Who was running this program. I can't believe that the history teacher.

I don't remember... No We weren't making... Because the money had to go to the school. Was this or was, you know, was there a generator overseeing you what was going on here? Who was running this program. I can't believe that the history teacher.

38:16

Yes. The history teacher. That was that was like his side job. His side hustle was run the boiler room program

Yes. The history teacher. That was that was like his side job. His side hustle was run the boiler room program

38:22

You know, he was the Jordan Be and I was, like, the little the little scrum or the little scrub, just like you know, smiling and dialing. He's like, you guys want some crackers? Yeah. Yeah. Crackers are for clothes.

You know, he was the Jordan Be and I was, like, the little the little scrum or the little scrub, just like you know, smiling and dialing. He's like, you guys want some crackers? Yeah. Yeah. Crackers are for clothes.

38:36

Just on the phone par.

Just on the phone par.

38:38

Yeah. You're like, walk behind you, like, Sam at a work call. Can you please can you please hang that up?

Yeah. You're like, walk behind you, like, Sam at a work call. Can you please can you please hang that up?

38:44

Your fingers broken. Why don't you dial a bar?

Your fingers broken. Why don't you dial a bar?

38:48

But that's what I did. It was awesome.

But that's what I did. It was awesome.

38:50

I mean, don't you have that Doesn't do people call you. And usually what they do is now what they do is once you get old enough, they hire your friends to be the person. Like, if we went to Duke together, I'm gonna call you Sean and be like, hey, Sean. You do they minute that? What

I mean, don't you have that Doesn't do people call you. And usually what they do is now what they do is once you get old enough, they hire your friends to be the person. Like, if we went to Duke together, I'm gonna call you Sean and be like, hey, Sean. You do they minute that? What

39:05

Yeah. So, like, my high will now, I'll get text from people who I was

Yeah. So, like, my high will now, I'll get text from people who I was

39:09

acquainted with and I'm friends with, and here's the kicker. They'll say shit, like, hey, I know I follow you on. I know you're doing real well.

acquainted with and I'm friends with, and here's the kicker. They'll say shit, like, hey, I know I follow you on. I know you're doing real well.

39:16

About we cutting down for five thousand. And I usually got a baby on the way, you know, that that maybe Like...

About we cutting down for five thousand. And I usually got a baby on the way, you know, that that maybe Like...

39:22

So it's like, Do I flex right now? Like, because I'm entirely driven by making my high school friends or my high school classmates, like, I wanna be a big shot to them. That's because you know, I got made fun of it. That's all I... That's all I care about is is bringing it back to them.

So it's like, Do I flex right now? Like, because I'm entirely driven by making my high school friends or my high school classmates, like, I wanna be a big shot to them. That's because you know, I got made fun of it. That's all I... That's all I care about is is bringing it back to them.

39:36

But I gotta give five grand to this fucking school.

But I gotta give five grand to this fucking school.

39:39

They get me all the time. It's been working so effectively, But that's how these tele marketing things work. You don't get calls from Duke ass to give money. Bring. Hey, it's due. Lose my number.

They get me all the time. It's been working so effectively, But that's how these tele marketing things work. You don't get calls from Duke ass to give money. Bring. Hey, it's due. Lose my number.

39:50

Barking up the wrong tree. Never happening. Can't believe I gave it honda I gave you the first place.

Barking up the wrong tree. Never happening. Can't believe I gave it honda I gave you the first place.

39:56

Yeah. Man. It's like a pretty funny thing. I mean, That's tell I have a multi billion dollar endowment. You gotta lose my number. You're not calling me for money. That's. Right. If my high school or something called me. Alright. Maybe. I hope they don't. But, you know, I I wouldn't really feel as aggressively...

Yeah. Man. It's like a pretty funny thing. I mean, That's tell I have a multi billion dollar endowment. You gotta lose my number. You're not calling me for money. That's. Right. If my high school or something called me. Alright. Maybe. I hope they don't. But, you know, I I wouldn't really feel as aggressively...

40:14

Upset as I do if do calls. If your number could also be a country's Gdp,

Upset as I do if do calls. If your number could also be a country's Gdp,

40:19

you're if you're endowment could be confused with, like, a caribbean is

you're if you're endowment could be confused with, like, a caribbean is

40:24

Yeah. Yeah. Yeah. Yeah. We're out. Like, you should not call me. Yeah.

Yeah. Yeah. Yeah. Yeah. We're out. Like, you should not call me. Yeah.

40:30

You

You

40:32

That's too.

That's too.

40:33

Alright. You wanna do we wanna do a couple more What do you? Yeah. I got... I guess some... Good one. Let me give you a quick. What what... What by the way, what is Duke

Alright. You wanna do we wanna do a couple more What do you? Yeah. I got... I guess some... Good one. Let me give you a quick. What what... What by the way, what is Duke

40:40

endowment?

endowment?

40:40

It's in the... I don't know It's multi billions. Do get down size.

It's in the... I don't know It's multi billions. Do get down size.

40:46

Twelve billion. Is it really twelve billion. And Duke not even like a

Twelve billion. Is it really twelve billion. And Duke not even like a

40:50

count a dare level.

count a dare level.

40:53

A mid level Ivy.

A mid level Ivy.

40:54

It's a mid major. It's definitely a mid major. Not even a good school.

It's a mid major. It's definitely a mid major. Not even a good school.

41:00

I mean, it's do top twenty? It's top twenty for sure. Right? Yeah. It. Yeah. Is it... But is it top twenty think in terms of a dominant? Yeah. I think so. I think so... That is insane. Billions of billions of dollars in endowment. They could basically just run the school off the

I mean, it's do top twenty? It's top twenty for sure. Right? Yeah. It. Yeah. Is it... But is it top twenty think in terms of a dominant? Yeah. I think so. I think so... That is insane. Billions of billions of dollars in endowment. They could basically just run the school off the

41:15

investment income. Oh, yeah. Totally.

investment income. Oh, yeah. Totally.

41:18

I'm surprised that

I'm surprised that

41:19

more people... I'm surprised that anyone gives to these to these schools. I don't understand at all So the top yeah. It's on the top twenty. So Harvard number one is forty billion yale two at thirty,

more people... I'm surprised that anyone gives to these to these schools. I don't understand at all So the top yeah. It's on the top twenty. So Harvard number one is forty billion yale two at thirty,

41:30

Texas, thirty, stanford twenty seven, and then

Texas, thirty, stanford twenty seven, and then

41:34

at the bottom of the top twenty is cornell

at the bottom of the top twenty is cornell

41:37

with seven million.

with seven million.

41:38

That's insane. That is insane. Seven billion. Sorry. That's That's ridiculous.

That's insane. That is insane. Seven billion. Sorry. That's That's ridiculous.

41:43

Yeah. I don't know why those guys would be calling you, but I bet they do. They need your fifty dollars.

Yeah. I don't know why those guys would be calling you, but I bet they do. They need your fifty dollars.

41:51

Our software is the worst. Have you heard of Pubs hubspot? See most Crm are a cobb together mess, but Hubspot is easy to adopt and actually looks gorgeous. Thank I up our new Crm. Our software is the best.

Our software is the worst. Have you heard of Pubs hubspot? See most Crm are a cobb together mess, but Hubspot is easy to adopt and actually looks gorgeous. Thank I up our new Crm. Our software is the best.

42:04

Hubspot. Grow better.

Hubspot. Grow better.

42:06

Well, I tell you about one of the really smart ideas was this thing called

Well, I tell you about one of the really smart ideas was this thing called

42:10

I've forgot the name of the parent company. Ben see if you can find it. It's up... They made this thing called Tower view. So one of the big streets do campus Tower view and it's, like, the name of some magazine there, something like that. It's like a it's like a reference to something we remember from from school. And it's basically, Tower view venture who raising money for

I've forgot the name of the parent company. Ben see if you can find it. It's up... They made this thing called Tower view. So one of the big streets do campus Tower view and it's, like, the name of some magazine there, something like that. It's like a it's like a reference to something we remember from from school. And it's basically, Tower view venture who raising money for

42:28

for a venture fund to invest in

for a venture fund to invest in

42:30

alumni from Duke. It's like, oh, yeah. Duke has really smart people.

alumni from Duke. It's like, oh, yeah. Duke has really smart people.

42:35

So, you know, we're gonna invest those companies. They've had these winners before Cameo and blah.

So, you know, we're gonna invest those companies. They've had these winners before Cameo and blah.

42:41

And they basically do this they spin this up for every single top school, called I think, alumni ventures. And they just spin up small funds for every single school,

And they basically do this they spin this up for every single top school, called I think, alumni ventures. And they just spin up small funds for every single school,

42:51

and then they just run ads and call you, try to get you to donate... Try to get you to invest in their fund. And they're like, cool. We're just gonna have, like like, like, Tar Ventures. They have,

and then they just run ads and call you, try to get you to donate... Try to get you to invest in their fund. And they're like, cool. We're just gonna have, like like, like, Tar Ventures. They have,

43:01

like, a started in twenty nineteen.

like, a started in twenty nineteen.

43:03

There's...

There's...

43:04

You know, it's on fun five now. For for the duke one. And, like, I don't know how big these funds are. But, like, even if they're, like, ten million

You know, it's on fun five now. For for the duke one. And, like, I don't know how big these funds are. But, like, even if they're, like, ten million

43:12

ten million dollar funds or twenty million dollar funds.

ten million dollar funds or twenty million dollar funds.

43:15

You take two percent every year of management fees and twenty percent of carry across this times fifty other schools,

You take two percent every year of management fees and twenty percent of carry across this times fifty other schools,

43:21

it's like a pretty genius way to, like, pull a large rate of So they're real school. But there's...

it's like a pretty genius way to, like, pull a large rate of So they're real school. But there's...

43:28

Are they... Does the... The school give them permission and username their? They don't use the? They say we're tower ventures and we're investing in Duke Alumni. So they're not saying we're

Are they... Does the... The school give them permission and username their? They don't use the? They say we're tower ventures and we're investing in Duke Alumni. So they're not saying we're

43:37

fund. But it may... They very much make it.

fund. But it may... They very much make it.

43:40

They're I will the colors match It's like, here's all your school colors. Everything is like,

They're I will the colors match It's like, here's all your school colors. Everything is like,

43:47

based off that.

based off that.

43:49

That's a scheme. That's a that's a hardcore scheme. Right? You can do that for Belmont.

That's a scheme. That's a that's a hardcore scheme. Right? You can do that for Belmont.

43:53

I mean, like like a a a fifty thousand dollar funding and gonna it go far? Do you think like Belmont most

I mean, like like a a a fifty thousand dollar funding and gonna it go far? Do you think like Belmont most

44:00

successful alumni from your ear?

successful alumni from your ear?

44:02

Yeah. Yeah. No. I got the... You know who was, who

Yeah. Yeah. No. I got the... You know who was, who

44:06

Florida Georgia line. What? You know that Florida Georgia line that banned. No.

Florida Georgia line. What? You know that Florida Georgia line that banned. No.

44:12

You've never heard of Florida Georgia territory. Those annexed.

You've never heard of Florida Georgia territory. Those annexed.

44:15

Dude. Well

Dude. Well

44:17

the Florida Florida Georgia line, is like, If you go to just your spotify right now and, like, you look in the top one hundred songs. I bet most years. They have one or two songs in twenty.

the Florida Florida Georgia line, is like, If you go to just your spotify right now and, like, you look in the top one hundred songs. I bet most years. They have one or two songs in twenty.

44:28

Yeah. You know what it's on Cruise, like, even Nellie made appearance?

Yeah. You know what it's on Cruise, like, even Nellie made appearance?

44:31

I mean, you're just do. Do you know who Nellie?

I mean, you're just do. Do you know who Nellie?

44:34

Would you like to pants me right now front everybody know. I don't know who any of these people are... I know Nellie, But yeah. It's like Mike Pos was in my ear and, you know, No. What... Do you know Morgan Wall? Do you know who that... Yeah. He's the shit. Love that guy. They're more famous than Morgan Wall? Oh, wow. So I'm not not not to you. They put they help put Morgan Wall in on the map because Morgan Wall appeared on one of their songs. Anyway, they're like a Morgan Wall famous band. So they might be number one. I think I might be number two.

Would you like to pants me right now front everybody know. I don't know who any of these people are... I know Nellie, But yeah. It's like Mike Pos was in my ear and, you know, No. What... Do you know Morgan Wall? Do you know who that... Yeah. He's the shit. Love that guy. They're more famous than Morgan Wall? Oh, wow. So I'm not not not to you. They put they help put Morgan Wall in on the map because Morgan Wall appeared on one of their songs. Anyway, they're like a Morgan Wall famous band. So they might be number one. I think I might be number two.

44:59

But you know what? They never fucking call me. I got Mad at them because here's... Let me explain I got mad. My mom was gonna come and watch me graduate, but I didn't finish school on time, and I asked, like, the teachers or whatever. I was like, can you guys just give me like, a fake diploma? Just let me come on stage and Not tell her and I'll finish it at another point. And they're like, no. It's tradition. You have to... We have to literally hand you to the plumber it. I'm like, just give me an empty folder. I don't I don't just... I literally just wanna be there on stage. Just let me have that empty folder. And they wouldn't let me do it. And so forever, I'll... Wow I hate Belmont. Because they wouldn't let me just walk in the stage and just let me shake that guy's hand and turn the fucking stupid be way thing to the side,

But you know what? They never fucking call me. I got Mad at them because here's... Let me explain I got mad. My mom was gonna come and watch me graduate, but I didn't finish school on time, and I asked, like, the teachers or whatever. I was like, can you guys just give me like, a fake diploma? Just let me come on stage and Not tell her and I'll finish it at another point. And they're like, no. It's tradition. You have to... We have to literally hand you to the plumber it. I'm like, just give me an empty folder. I don't I don't just... I literally just wanna be there on stage. Just let me have that empty folder. And they wouldn't let me do it. And so forever, I'll... Wow I hate Belmont. Because they wouldn't let me just walk in the stage and just let me shake that guy's hand and turn the fucking stupid be way thing to the side,

45:35

and they wouldn't do it. So I I will always be Man Belmont for that reason.

and they wouldn't do it. So I I will always be Man Belmont for that reason.

45:39

Wow. What what L for them. Alright. I got... I got a couple more. So

Wow. What what L for them. Alright. I got... I got a couple more. So

45:44

let me see where Wanna I go Okay. Can I can I just rapid fire for you some ideas? Go. We don't even have to discuss them. Okay.

let me see where Wanna I go Okay. Can I can I just rapid fire for you some ideas? Go. We don't even have to discuss them. Okay.

45:51

Exporting... And I You know my import export framework. My import framework and expert framework is

Exporting... And I You know my import export framework. My import framework and expert framework is

45:56

if you're at a company and you wish

if you're at a company and you wish

45:58

something... You were like, dude, We would totally pay for this. That's a business idea you would wanna import you're better off going and starting that business because there's probably a hundred other businesses like you that would pay for that. Or export is we we built this for ourselves,

something... You were like, dude, We would totally pay for this. That's a business idea you would wanna import you're better off going and starting that business because there's probably a hundred other businesses like you that would pay for that. Or export is we we built this for ourselves,

46:12

and it's so useful.

and it's so useful.

46:14

You're better off leaving the company and then rebuilding that on the outside of the walls and selling it to other companies. So here's What's slack did?

You're better off leaving the company and then rebuilding that on the outside of the walls and selling it to other companies. So here's What's slack did?

46:21

Yeah. Exactly Slack is a good example of this.

Yeah. Exactly Slack is a good example of this.

46:26

So Paul graham tweeted this out the other day that, like, Yc has its own directory internally

So Paul graham tweeted this out the other day that, like, Yc has its own directory internally

46:31

about investors where any startup founder can go look up any investor and read their reviews or kinda like, what's the scoop on this person? Have they done anything f up? Are they really helpful. What's their... You know, what do what do we know about this person?

about investors where any startup founder can go look up any investor and read their reviews or kinda like, what's the scoop on this person? Have they done anything f up? Are they really helpful. What's their... You know, what do what do we know about this person?

46:43

And he's like, this there's one of the best products that why has. And I'm like, why is that a product only Yc has?

And he's like, this there's one of the best products that why has. And I'm like, why is that a product only Yc has?

46:50

This should be a product that anybody has. So I think somebody should export this out

This should be a product that anybody has. So I think somebody should export this out

46:54

and it's like Yelp for investors

and it's like Yelp for investors

46:57

where

where

46:58

investors have a reputation on this in this app. And it's all... You can only

investors have a reputation on this in this app. And it's all... You can only

47:02

right about them if you had, you know, like, let's say,

right about them if you had, you know, like, let's say,

47:06

a verified interaction with them or something like that.

a verified interaction with them or something like that.

47:09

Dude. That's great. I think I I wish I could have that for a variety of vendors. The things that people ask for most at Hampton is like, hey, who's a good lawyer? Who's it a good accountant? Who's this who's that? It's incredibly challenging to find reviews on vendors, including investors. Super hard to start these types of businesses, but I think the the

Dude. That's great. I think I I wish I could have that for a variety of vendors. The things that people ask for most at Hampton is like, hey, who's a good lawyer? Who's it a good accountant? Who's this who's that? It's incredibly challenging to find reviews on vendors, including investors. Super hard to start these types of businesses, but I think the the

47:25

startup up community is so insulated that you could actually

startup up community is so insulated that you could actually

47:28

overcome the chicken egg problem through Brute force because there's not that many investors and you could find... You can quickly see who's worked with them just by looking at their portfolio.

overcome the chicken egg problem through Brute force because there's not that many investors and you could find... You can quickly see who's worked with them just by looking at their portfolio.

47:35

And you could cold email them and be, like, give me the scoop. And I think you could manually collect the data to get this going.

And you could cold email them and be, like, give me the scoop. And I think you could manually collect the data to get this going.

47:41

Alright. Here's another one.

Alright. Here's another one.

47:43

Teacher's pet is what I'm calling. So this is my first Ai idea for a here. So

Teacher's pet is what I'm calling. So this is my first Ai idea for a here. So

47:48

you're aware of teacher's pay teachers, which is a

you're aware of teacher's pay teachers, which is a

47:51

marketplace, it's like Etsy, but instead of buying and selling handcrafted to goods, you buy and sell

marketplace, it's like Etsy, but instead of buying and selling handcrafted to goods, you buy and sell

47:57

lesson plans, quizzes. It's some... Things that what you need,

lesson plans, quizzes. It's some... Things that what you need,

48:01

teachers pay teachers. Have you ever heard of? We talked about it a while. We talked about it a while ago. Right? It's a big business. So it was doing, like, eighty million dollars year in revenue. That's like their take. Not Gm. That's their their take.

teachers pay teachers. Have you ever heard of? We talked about it a while. We talked about it a while ago. Right? It's a big business. So it was doing, like, eighty million dollars year in revenue. That's like their take. Not Gm. That's their their take.

48:11

And it gets, like twenty million visits a month during school.

And it gets, like twenty million visits a month during school.

48:15

Three hundred teachers on this network have made a million dollars of more.

Three hundred teachers on this network have made a million dollars of more.

48:20

By selling lessons or selling quizzes or selling classroom materials, to other teachers. So... And, like their new profile picture pictures it's like, fuck them kids. Like I'm I'm I'm a creator.

By selling lessons or selling quizzes or selling classroom materials, to other teachers. So... And, like their new profile picture pictures it's like, fuck them kids. Like I'm I'm I'm a creator.

48:32

So, like, these marketplaces are big. And marketplaces

So, like, these marketplaces are big. And marketplaces

48:35

But for the most part are pretty una.

But for the most part are pretty una.

48:37

It's very hard to go compete with something that has a network effect. I think Ai is one of these things that might be able to crack some network effects. And I think Ai could crack this one. So I think you could train Ai

It's very hard to go compete with something that has a network effect. I think Ai is one of these things that might be able to crack some network effects. And I think Ai could crack this one. So I think you could train Ai

48:48

to crawl and learn from all of the materials on this You can just go buy all the materials on this for probably, like,

to crawl and learn from all of the materials on this You can just go buy all the materials on this for probably, like,

48:55

less than five hundred thousand dollars.

less than five hundred thousand dollars.

48:58

And then you could use that as your training data. And you could train Ai to basically become chat Gp for teachers. So you... So any teacher should be able to come to this. And instead of going through and finding what's a good geography lesson plan, and then going and buying it for fourteen dollars. You just go ask and saying, hey, I a geography lesson plan for fourth grade.

And then you could use that as your training data. And you could train Ai to basically become chat Gp for teachers. So you... So any teacher should be able to come to this. And instead of going through and finding what's a good geography lesson plan, and then going and buying it for fourteen dollars. You just go ask and saying, hey, I a geography lesson plan for fourth grade.

49:16

Make it fun and interesting. And it should just create one for you. So I think if you created this, you can have a twenty dollar month subscription just for teachers to

Make it fun and interesting. And it should just create one for you. So I think if you created this, you can have a twenty dollar month subscription just for teachers to

49:25

create lesson plans using Ai

create lesson plans using Ai

49:27

or quizzes or teaching materials or whatever. Teacher's pet.

or quizzes or teaching materials or whatever. Teacher's pet.

49:32

Teachers to get name too.

Teachers to get name too.

49:33

Yeah. You want to... You have one more. I'm big on providing a name with some with these ideas. I think that that really

Yeah. You want to... You have one more. I'm big on providing a name with some with these ideas. I think that that really

49:39

turns it from like a...

turns it from like a...

49:41

I don't know to, like, where's is the application form for that like, how do I get in?

I don't know to, like, where's is the application form for that like, how do I get in?

49:47

What's this?

What's this?

49:48

You just have this funny phrase That's for some reason funny to me. You call it an Oz on ramp and then an Oz off ramp. Yeah. So these aren't fully baked ideas, but I'll just spit all the way. Right. So when I was thinking about this, you know,

You just have this funny phrase That's for some reason funny to me. You call it an Oz on ramp and then an Oz off ramp. Yeah. So these aren't fully baked ideas, but I'll just spit all the way. Right. So when I was thinking about this, you know,

50:03

you wanna surf on waves if you're starting a business. So what's a wave you could surf right now? Oz zen. I think Oz zen is, like,

you wanna surf on waves if you're starting a business. So what's a wave you could surf right now? Oz zen. I think Oz zen is, like,

50:10

Videos a mega trend? Guess what?

Videos a mega trend? Guess what?

50:12

Fat loss is a mega

Fat loss is a mega

50:14

he's a mega too. Talk. Have you shiny. Yeah. No. I know. Haven't tried it. But

he's a mega too. Talk. Have you shiny. Yeah. No. I know. Haven't tried it. But

50:20

I know a lot of people that wanna be on it or get off of it or are. I got a guy. If I got a guy. I could refer. No. No. It's expensive, though. It's expensive. Yeah. I'm not interested, but I know a lot of people. So I guess the question is

I know a lot of people that wanna be on it or get off of it or are. I got a guy. If I got a guy. I could refer. No. No. It's expensive, though. It's expensive. Yeah. I'm not interested, but I know a lot of people. So I guess the question is

50:33

What could you build around this oz mega trend? So

What could you build around this oz mega trend? So

50:38

my brain goes to on ramps and half frames. How do you sell something to people that makes it easier to get it

my brain goes to on ramps and half frames. How do you sell something to people that makes it easier to get it

50:44

or help people get off of it. So for for getting it, if you go Google just like,

or help people get off of it. So for for getting it, if you go Google just like,

50:50

I don't know. Like, how do I take Oz or, like, getting Oz near me? You get a bunch of like,

I don't know. Like, how do I take Oz or, like, getting Oz near me? You get a bunch of like,

50:56

kinda like sponsored links for, like, telehealth services that are gonna try to, like,

kinda like sponsored links for, like, telehealth services that are gonna try to, like,

51:00

you know, sign up for this... Here's the pills, basically. Well what I think somebody should do is I think somebody should go old school with it.

you know, sign up for this... Here's the pills, basically. Well what I think somebody should do is I think somebody should go old school with it.

51:07

I think somebody needs to create a Oz hotline line.

I think somebody needs to create a Oz hotline line.

51:10

And what's the oz hotline? So the oz hotline line is old school info commercial shit. You're gonna run ads on linear Tv on Fox News. You're gonna be the My pillow guy. You're just gonna be everywhere that, like, people who are, like, you know, forty to sixty are are clicking

And what's the oz hotline? So the oz hotline line is old school info commercial shit. You're gonna run ads on linear Tv on Fox News. You're gonna be the My pillow guy. You're just gonna be everywhere that, like, people who are, like, you know, forty to sixty are are clicking

51:25

and or watching.

and or watching.

51:29

you're just gonna show people's transformations and Oz and be like, call in now to, you know, get a free consultation. Are you eligible? What are the upsides, what are the downsides? How much does the cost? Can you find it?

you're just gonna show people's transformations and Oz and be like, call in now to, you know, get a free consultation. Are you eligible? What are the upsides, what are the downsides? How much does the cost? Can you find it?

51:41

So confusing,

So confusing,

51:43

we're gonna make it easy. We're gonna give you a free consult.

we're gonna make it easy. We're gonna give you a free consult.

51:46

And you basically just become a lead gen provider for

And you basically just become a lead gen provider for

51:49

people are trying to buy a z. But I think you had to do, like, one eight hundred,

people are trying to buy a z. But I think you had to do, like, one eight hundred,

51:53

like got abs or something like that. Right? Like, one eight hundreds, you know. But that goes against all your principles. Since you hate which principles?

like got abs or something like that. Right? Like, one eight hundreds, you know. But that goes against all your principles. Since you hate which principles?

52:03

As I like to say. What.

As I like to say. What.

52:05

We could find them somewhere deep in that closet.

We could find them somewhere deep in that closet.

52:08

But I I believe one or two of those principles be besides, which is coming out of left field, the fact that you said that you don't wanna kill animals to eat that. That that's that's such a curve ball coming from you. But I think the other one was I think you hate pharmaceuticals. No? No. I don't hate pharmaceuticals pharmaceutical. I don't personally take I don't personally

But I I believe one or two of those principles be besides, which is coming out of left field, the fact that you said that you don't wanna kill animals to eat that. That that's that's such a curve ball coming from you. But I think the other one was I think you hate pharmaceuticals. No? No. I don't hate pharmaceuticals pharmaceutical. I don't personally take I don't personally

52:28

try to take a lot of stuff. I try not to be dependent on anything.

try to take a lot of stuff. I try not to be dependent on anything.

52:31

You know, as a general rule, like Caffeine, and I don't drink coffee. I don't... I don't do a lot of stuff like that.

You know, as a general rule, like Caffeine, and I don't drink coffee. I don't... I don't do a lot of stuff like that.

52:35

You know,

You know,

52:37

people take, like, you know, Don't know, You you love stuff. You're like, oh, I'm I need nicotine. I need this. I. I love carbonated waters in diet coke. Yeah.

people take, like, you know, Don't know, You you love stuff. You're like, oh, I'm I need nicotine. I need this. I. I love carbonated waters in diet coke. Yeah.

52:47

So I'm... I I try not to be on any of that stuff. But

So I'm... I I try not to be on any of that stuff. But

52:51

but people are. There's is a business opportunity. I'm not doing this. I'm saying, somebody could create

but people are. There's is a business opportunity. I'm not doing this. I'm saying, somebody could create

52:56

a phone based way

a phone based way

52:58

to

to

52:59

educate people and help onboard people or

educate people and help onboard people or

53:03

On the other side, you could figure out an off. So so a lot of people wanna stop this. Either it's too expensive or driving side effects or or they just feel like they got the wait weight loss they had. They don't wanna keep taking this forever.

On the other side, you could figure out an off. So so a lot of people wanna stop this. Either it's too expensive or driving side effects or or they just feel like they got the wait weight loss they had. They don't wanna keep taking this forever.

53:13

How do you offer? And I don't know the answer to that, but that's... Well, I'll you the place to go look. What's the answer?

How do you offer? And I don't know the answer to that, but that's... Well, I'll you the place to go look. What's the answer?

53:19

You just don't take it. Not none bad happens is don't take it. Yeah. But I don't I don't They gain a bunch of weight right away or have, like, any sort of, like... I don't know.

You just don't take it. Not none bad happens is don't take it. Yeah. But I don't I don't They gain a bunch of weight right away or have, like, any sort of, like... I don't know.

53:28

Nothing nothing that's this effective has no cost when you stop. I I don't believe that. Yeah. So basically, the the when the the study that they did was

Nothing nothing that's this effective has no cost when you stop. I I don't believe that. Yeah. So basically, the the when the the study that they did was

53:37

they took two thousand or three thousand people, they had them do it for six months. And then after six months, they had half the people quit taking it, and what they found was at the end of the twelve month study, the people took it the whole time lost

they took two thousand or three thousand people, they had them do it for six months. And then after six months, they had half the people quit taking it, and what they found was at the end of the twelve month study, the people took it the whole time lost

53:50

something like a third of their body weight. So like, a three hundred pound person was two hundred pounds

something like a third of their body weight. So like, a three hundred pound person was two hundred pounds

53:54

And then the people who quit taking it, they went from two hundred pounds back up to, like, two thirty or something like that. So they gained weight back but they weren't nearly as fat as they were when they started. A debate, but they did gain weight. But so, yeah, an off ramp is fine. But I don't think you have, like, withdrawals. Like, that's not gonna kill you. You're gonna, like, be, like, Oh, I'm hungry. Like, I wanna eat again. Yeah. And maybe it's just like peer groups or something? I don't know. Is there something you could provide to this large group of people that all have now, like, one... They're going through this one new experience And I don't. There's gotta be auxiliary things around it. That's that's a that's a place I would look for business ideas.

And then the people who quit taking it, they went from two hundred pounds back up to, like, two thirty or something like that. So they gained weight back but they weren't nearly as fat as they were when they started. A debate, but they did gain weight. But so, yeah, an off ramp is fine. But I don't think you have, like, withdrawals. Like, that's not gonna kill you. You're gonna, like, be, like, Oh, I'm hungry. Like, I wanna eat again. Yeah. And maybe it's just like peer groups or something? I don't know. Is there something you could provide to this large group of people that all have now, like, one... They're going through this one new experience And I don't. There's gotta be auxiliary things around it. That's that's a that's a place I would look for business ideas.

54:29

Alright. I gotta I got another one for you. I heard something the other day. They just really caught my attention. I think it's a cool idea, but it's being done in the wrong way. So I listen to some podcast.

Alright. I gotta I got another one for you. I heard something the other day. They just really caught my attention. I think it's a cool idea, but it's being done in the wrong way. So I listen to some podcast.

54:40

And the guy who was talking and it was like,

And the guy who was talking and it was like,

54:44

Yeah. I did mind sport.

Yeah. I did mind sport.

54:46

And blah. And he starts talking about Mind sport. I was like, minds sport. Would what a great name. What is that? And he was a really smart guy. And He was talking about game theory, Blah blah blah. And I looked it up. And Mind sport is essentially the nerd Olympics. So Mind sport is a

And blah. And he starts talking about Mind sport. I was like, minds sport. Would what a great name. What is that? And he was a really smart guy. And He was talking about game theory, Blah blah blah. And I looked it up. And Mind sport is essentially the nerd Olympics. So Mind sport is a

55:01

place that you go if you're Uber smart,

place that you go if you're Uber smart,

55:05

you compete with people in those games. And so those games can range from

you compete with people in those games. And so those games can range from

55:09

chess to poker to sellers of Cat katana or go or whatever or like Rubik's cube? Yeah. Like, you know, if I was like let's just put it this way. Sam, if I was to tell you,

chess to poker to sellers of Cat katana or go or whatever or like Rubik's cube? Yeah. Like, you know, if I was like let's just put it this way. Sam, if I was to tell you,

55:20

you know...

you know...

55:21

But this... I could solve this cube in the next, you know, ninety seconds.

But this... I could solve this cube in the next, you know, ninety seconds.

55:26

You might not think I'm a genius,

You might not think I'm a genius,

55:29

but you probably don't think I'm an idiot. Would that be fair?

but you probably don't think I'm an idiot. Would that be fair?

55:31

Are you good to solve that right now? Is that gonna be a part the show? Because that would be great.

Are you good to solve that right now? Is that gonna be a part the show? Because that would be great.

55:36

I wish I could solve this. I am cr gotten close.

I wish I could solve this. I am cr gotten close.

55:39

I don't know what the hell you're supposed to do with this thing.

I don't know what the hell you're supposed to do with this thing.

55:42

I treated like a fidget spinner.

I treated like a fidget spinner.

55:44

Just move it. And I'm like, oh, that's cool. I got two blues and three yellow. That's awesome. Got me. I got up of the back and Move on.

Just move it. And I'm like, oh, that's cool. I got two blues and three yellow. That's awesome. Got me. I got up of the back and Move on.

55:54

This... So there's the mind sports Olympia. They... You're in you're in the special mind sports Olympia.

This... So there's the mind sports Olympia. They... You're in you're in the special mind sports Olympia.

56:01

I'm in the mind jog.

I'm in the mind jog.

56:04

The mine's not moving that fast.

The mine's not moving that fast.

56:06

So so basically, you go to this thing and you compete in all these games. Are you can eat in your game, but you can also compete in the pent to mind championship, which is where you're gonna, play five of these games. I'm like, oh my god.

So so basically, you go to this thing and you compete in all these games. Are you can eat in your game, but you can also compete in the pent to mind championship, which is where you're gonna, play five of these games. I'm like, oh my god.

56:17

Like, I didn't say

Like, I didn't say

56:19

pet to my means. You know, Coachella for nerds, and I was like, this is amazing.

pet to my means. You know, Coachella for nerds, and I was like, this is amazing.

56:24

And I just... I cannot tell you Sam how

And I just... I cannot tell you Sam how

56:27

All in. I am on the mind sport Olympia.

All in. I am on the mind sport Olympia.

56:31

I wanna go.

I wanna go.

56:32

I wanna watch it live, like I watched the spelling bee live on Espn.

I wanna watch it live, like I watched the spelling bee live on Espn.

56:37

I wanna watch the hard knocks documentary about, like, you know, following five of these people behind the scenes and watching them stress out about this.

I wanna watch the hard knocks documentary about, like, you know, following five of these people behind the scenes and watching them stress out about this.

56:43

I wanna adopt one of the kids in this and just have them be, like, you know, my seventeen year old child,

I wanna adopt one of the kids in this and just have them be, like, you know, my seventeen year old child,

56:49

And most of all, I wanna hire all these kids.

And most of all, I wanna hire all these kids.

56:53

This is so awesome. You're grooming. I do him. So it's a groom. Complete wrong business model. This is not a tournament.

This is so awesome. You're grooming. I do him. So it's a groom. Complete wrong business model. This is not a tournament.

57:01

With prize money and thanks to our sponsors,

With prize money and thanks to our sponsors,

57:05

Wendy's?

Wendy's?

57:06

No. No. No. No. No. You've got this all wrong. This is a

No. No. No. No. No. You've got this all wrong. This is a

57:09

recruiting event for the elite minds under twenty five years old. And I was like, this is bait to bring together the smartest nerds

recruiting event for the elite minds under twenty five years old. And I was like, this is bait to bring together the smartest nerds

57:17

In five years, these kids are not gonna be playing professional settlers of Cat katana. They're gonna be starting companies or working inside companies and guess where Want them to work. My companies. And so I think that you should take this idea, create a version of this.

In five years, these kids are not gonna be playing professional settlers of Cat katana. They're gonna be starting companies or working inside companies and guess where Want them to work. My companies. And so I think that you should take this idea, create a version of this.

57:32

But it needs to be a elite recruiting service slash job their slash demo for nerds. And you need to basically...

But it needs to be a elite recruiting service slash job their slash demo for nerds. And you need to basically...

57:39

When they attend, they need to basically somehow, like, sign over the rights for you to, like, send them job offers,

When they attend, they need to basically somehow, like, sign over the rights for you to, like, send them job offers,

57:44

for the next five years or, like, you know, get to invest in them or something like that? Because I can't think of a more valuable talent pool

for the next five years or, like, you know, get to invest in them or something like that? Because I can't think of a more valuable talent pool

57:53

then the minds sport Olympics. And like things. I could do this for gamers in general. I love investing... One of my secrets of investing is I invest in former competitive gamers.

then the minds sport Olympics. And like things. I could do this for gamers in general. I love investing... One of my secrets of investing is I invest in former competitive gamers.

58:04

You know, people who were elite level at, you know, star craft or things like that. Those people just tend to do really, really well at whatever

You know, people who were elite level at, you know, star craft or things like that. Those people just tend to do really, really well at whatever

58:11

next game you throw in front in front of them. And once you throw the money game in front of them, guess what. They solve it. They figure it out. Mh And so there's this Listen, there's this thing called the world memory championships.

next game you throw in front in front of them. And once you throw the money game in front of them, guess what. They solve it. They figure it out. Mh And so there's this Listen, there's this thing called the world memory championships.

58:22

Have you heard of this? No.

Have you heard of this? No.

58:25

Sign me up. And if Yeah... So they've been doing this since nineteen ninety nineteen ninety one, and there's a different game. So basically, we're gonna get you... We're we're just gonna give you thousands of numbers and you have five minutes and you have to tell us, like, in order the numbers. And the record for that is six hundred numbers and they only had five minutes to do it. The one hour number is the same thing except you have one hour to do it. And and the guy who won that did forty six hundred numbers in a row. He remembered that. And so they do these ten different games.

Sign me up. And if Yeah... So they've been doing this since nineteen ninety nineteen ninety one, and there's a different game. So basically, we're gonna get you... We're we're just gonna give you thousands of numbers and you have five minutes and you have to tell us, like, in order the numbers. And the record for that is six hundred numbers and they only had five minutes to do it. The one hour number is the same thing except you have one hour to do it. And and the guy who won that did forty six hundred numbers in a row. He remembered that. And so they do these ten different games.

58:54

And in the same way that the U used to be like this like a bunch of thugs, fighting, like it was like Barbarian

And in the same way that the U used to be like this like a bunch of thugs, fighting, like it was like Barbarian

59:01

But now it's like the... It's like... It's half wwe e or W f where it's like, you know, you slap it my wife. Now I'm gonna beat you up, and it's other half like market movement...

But now it's like the... It's like... It's half wwe e or W f where it's like, you know, you slap it my wife. Now I'm gonna beat you up, and it's other half like market movement...

59:11

Yeah. Your your movement is magical. Look at his movement. So smooth. This is peak physical

Yeah. Your your movement is magical. Look at his movement. So smooth. This is peak physical

59:17

performance.

performance.

59:19

We need we need Dana White, you know, or Visit man to buy the world memory championships, and we gotta make that great because I'm looking up the guy who want it. Alex Mu. He's a he's a kid or no. He's... Or I guess, when he wanted it, he was twenty eight. Do you know what he does for work now?

We need we need Dana White, you know, or Visit man to buy the world memory championships, and we gotta make that great because I'm looking up the guy who want it. Alex Mu. He's a he's a kid or no. He's... Or I guess, when he wanted it, he was twenty eight. Do you know what he does for work now?

59:33

He's an x rate person at a hospital.

He's an x rate person at a hospital.

59:36

X extra tech

X extra tech

59:37

x rate tech. Should memorize minimize.

x rate tech. Should memorize minimize.

59:40

Whoa why is this guy not guys were like this hipaa compliant. What are we talking about??

Whoa why is this guy not guys were like this hipaa compliant. What are we talking about??

59:44

Yeah. Why just guy not working for, like, you know, black rocker or Blacks stone just like Ray man in his way to like, you know, Corporate bias. I'm saying. Maybe undervalued asset these are these are hidden gems.

Yeah. Why just guy not working for, like, you know, black rocker or Blacks stone just like Ray man in his way to like, you know, Corporate bias. I'm saying. Maybe undervalued asset these are these are hidden gems.

59:56

I'm not all in on memory because I think memory is like the p version of the the Olympia ad, like, These other guys are like the strategist.

I'm not all in on memory because I think memory is like the p version of the the Olympia ad, like, These other guys are like the strategist.

01:00:03

But, like, memory is, you know,

But, like, memory is, you know,

01:00:06

any room can do memory really.

any room can do memory really.

01:00:08

You know, But but if you're. I can't remember seven numbers, little than six hundred.

You know, But but if you're. I can't remember seven numbers, little than six hundred.

01:00:15

I can remember two thirds of any phone number. That's all I idea.

I can remember two thirds of any phone number. That's all I idea.

01:00:19

Alright.

Alright.

01:00:21

Yeah. So that's that's one idea.

Yeah. So that's that's one idea.

01:00:23

Yeah. I got a couple other for you.

Yeah. I got a couple other for you.

01:00:25

Let me hit you with with one more, maybe. But we were out of time here, but I'm on I'm gonna go into overtime here and give you one more.

Let me hit you with with one more, maybe. But we were out of time here, but I'm on I'm gonna go into overtime here and give you one more.

01:00:33

Let's do one run churches. Okay. So

Let's do one run churches. Okay. So

01:00:35

something you know a lot about.

something you know a lot about.

01:00:37

Another area you that I'm completely un

Another area you that I'm completely un

01:00:39

unsure, but I know that other people do it.

unsure, but I know that other people do it.

01:00:43

Michael Gi tweeted this out there the day. He said,

Michael Gi tweeted this out there the day. He said,

01:00:46

thirty five hundred churches are closing every year. I said, well, what's what's that about? What what is that? A big number. And it's not exactly right actually, like, what happens is four thousand churches closed last year, but, like, another three thousand... Two thousand open or something like that. It's like, a net change of fifteen hundred churches,

thirty five hundred churches are closing every year. I said, well, what's what's that about? What what is that? A big number. And it's not exactly right actually, like, what happens is four thousand churches closed last year, but, like, another three thousand... Two thousand open or something like that. It's like, a net change of fifteen hundred churches,

01:01:02

but but towards the negative. And there is a bunch... There are bunch of stats about this. So

but but towards the negative. And there is a bunch... There are bunch of stats about this. So

01:01:08

if the, you know, in in traditional churches so the Christian christian churches,

if the, you know, in in traditional churches so the Christian christian churches,

01:01:12

attendance is down sixty five percent in the last twenty years. Sixty five percent.

attendance is down sixty five percent in the last twenty years. Sixty five percent.

01:01:17

And what happens is when the pews are empty, there's less donations, so then these structures end up having to close down.

And what happens is when the pews are empty, there's less donations, so then these structures end up having to close down.

01:01:25

there's a trend, basically they they called them, like, oh, you are you Christian? Are you Jewish? Are you Muslim alone what what are you? And there's a there's a group called the nuns. They're just none. I don't know why they're you're calling them nuns and instead of, like, sort of, like, atheist or whatever, like, wait nuns like n u n or n o n e Yeah. That's all that's that's also confusing.

there's a trend, basically they they called them, like, oh, you are you Christian? Are you Jewish? Are you Muslim alone what what are you? And there's a there's a group called the nuns. They're just none. I don't know why they're you're calling them nuns and instead of, like, sort of, like, atheist or whatever, like, wait nuns like n u n or n o n e Yeah. That's all that's that's also confusing.

01:01:44

You said no, so I was like, a bunch of ladies in, like, comments. Honestly,

You said no, so I was like, a bunch of ladies in, like, comments. Honestly,

01:01:48

big slip up on their part. Yeah. They gonna be the zeros. Just they

big slip up on their part. Yeah. They gonna be the zeros. Just they

01:01:51

survey that. And for Gen z, I guess, forty five percent would count as as none of the above, essentially for for for religion. And this guy who

survey that. And for Gen z, I guess, forty five percent would count as as none of the above, essentially for for for religion. And this guy who

01:02:00

study search whatever said that of the three three hundred fifty thousand Christian congregations in the United States.

study search whatever said that of the three three hundred fifty thousand Christian congregations in the United States.

01:02:06

One third or like, vulnerable on the brink of collapse, basically. Like, one third

One third or like, vulnerable on the brink of collapse, basically. Like, one third

01:02:11

are like, in the red zone and over the next ten years we'll likely close.

are like, in the red zone and over the next ten years we'll likely close.

01:02:16

That's a huge number. And

That's a huge number. And

01:02:18

what are the opportunities? So I think that there's

what are the opportunities? So I think that there's

01:02:21

I think you could approach this from multiple angles. So,

I think you could approach this from multiple angles. So,

01:02:24

again, not a specific idea, but I do think

again, not a specific idea, but I do think

01:02:27

you could look at this when you hear a stat like that, that's just that's one that gets your attention. Like, when Jeff Bezos heard the stat that, like, you know, the Internet is growing at twelve thousand percent a year, He's like, ugh, I better go start Amazon. And basically, I think you could do that around around stats like this. So

you could look at this when you hear a stat like that, that's just that's one that gets your attention. Like, when Jeff Bezos heard the stat that, like, you know, the Internet is growing at twelve thousand percent a year, He's like, ugh, I better go start Amazon. And basically, I think you could do that around around stats like this. So

01:02:42

how are these churches gonna close down?

how are these churches gonna close down?

01:02:46

That in itself, the sort of the Vulture business or the cleanup funeral business for churches, I think it's kinda interesting. How are the... How...

That in itself, the sort of the Vulture business or the cleanup funeral business for churches, I think it's kinda interesting. How are the... How...

01:02:53

Forget saving. And my I help them help him die with great.

Forget saving. And my I help them help him die with great.

01:02:56

In my neighborhood,

In my neighborhood,

01:02:58

one block from my house in S saint. Louis, they turned a church into a aca condo.

one block from my house in S saint. Louis, they turned a church into a aca condo.

01:03:01

Right. Yeah. So... Then I found there's this group called Niagara Consulting group. And they're basically like, we help you restructure your church. What do they mean by that? It's basically...

Right. Yeah. So... Then I found there's this group called Niagara Consulting group. And they're basically like, we help you restructure your church. What do they mean by that? It's basically...

01:03:11

Look, there's a lot of developers that are chomp at the bit to turn this into luxury condos.

Look, there's a lot of developers that are chomp at the bit to turn this into luxury condos.

01:03:15

Like, we help you try to succeed, but if you don't, we'll get you an offer from one of these developers to turn this into luxury condos. And I was like, oh, interesting. But in a lot of places, they can't even do that because it's like, you know, like low low income areas that there's not really just sit there empty.

Like, we help you try to succeed, but if you don't, we'll get you an offer from one of these developers to turn this into luxury condos. And I was like, oh, interesting. But in a lot of places, they can't even do that because it's like, you know, like low low income areas that there's not really just sit there empty.

01:03:32

So I think there's a lot of opportunity to figure out how to

So I think there's a lot of opportunity to figure out how to

01:03:35

deal with this. I think there's opportunity. If I'm a company like Calm,

deal with this. I think there's opportunity. If I'm a company like Calm,

01:03:39

Could I take fifty million dollars

Could I take fifty million dollars

01:03:41

and just buy

and just buy

01:03:43

physical locations across the country in one year through the searches and just have a weekly service for meditation and whatever, like,

physical locations across the country in one year through the searches and just have a weekly service for meditation and whatever, like,

01:03:50

even to have, like

even to have, like

01:03:52

like, you know, just local chapters, basically franchisees that that are gonna run them.

like, you know, just local chapters, basically franchisees that that are gonna run them.

01:03:56

So I think there's there's something to be done here. Whether it's trying to save them, trying to help them fail gracefully,

So I think there's there's something to be done here. Whether it's trying to save them, trying to help them fail gracefully,

01:04:02

figuring out what's a what's a pivot you could do for a lot of these? I saw thought you just put us in a link in here what you got. So that's that's ten doors down from my childhood at home or my mom and dad still live.

figuring out what's a what's a pivot you could do for a lot of these? I saw thought you just put us in a link in here what you got. So that's that's ten doors down from my childhood at home or my mom and dad still live.

01:04:13

Beautiful. It's a church that they turned into a seven...

Beautiful. It's a church that they turned into a seven...

01:04:17

Eight thousand square foot house.

Eight thousand square foot house.

01:04:19

And as a house

And as a house

01:04:21

it doesn't look that cool. But as like, a meditation area, like, it doesn't look cool. As an Airbnb?

it doesn't look that cool. But as like, a meditation area, like, it doesn't look cool. As an Airbnb?

01:04:28

Fantastic. You know? Yeah. But look, it's one point two million dollars and it's a eight thousand square foot. I mean, it's in Saint Louis Missouri ram from, which isn't nice. But they... This company renovated this church into like, a l house. And then I met these other guys who turned one into a skate park. They turned an old church into a skate park.

Fantastic. You know? Yeah. But look, it's one point two million dollars and it's a eight thousand square foot. I mean, it's in Saint Louis Missouri ram from, which isn't nice. But they... This company renovated this church into like, a l house. And then I met these other guys who turned one into a skate park. They turned an old church into a skate park.

01:04:47

And so it's like, it is pretty fascinating because a lot of these buildings

And so it's like, it is pretty fascinating because a lot of these buildings

01:04:50

are kinda cool, but

are kinda cool, but

01:04:53

to have, like the church of Calm,

to have, like the church of Calm,

01:04:55

that's kinda dope. And then if you're gonna help them, I think this gonna be a side hustle so, like, church near us,

that's kinda dope. And then if you're gonna help them, I think this gonna be a side hustle so, like, church near us,

01:05:00

they actually have, like, awesome events all the time. And I love to take our kids to it. Because it's like, they just put on great events, wholesome fun events for for families and kids.

they actually have, like, awesome events all the time. And I love to take our kids to it. Because it's like, they just put on great events, wholesome fun events for for families and kids.

01:05:09

But it's so hard to even know what the hell... Like, literally the only way I is if I drive by, they have a little sign they put like, in the front, like a four sale sign, but it'll be like, we're doing something this Saturday, it's gonna have popcorn and Bounty house. Like, oh, I mean, I only catch it driving by I'm like, these has just don't know social media.

But it's so hard to even know what the hell... Like, literally the only way I is if I drive by, they have a little sign they put like, in the front, like a four sale sign, but it'll be like, we're doing something this Saturday, it's gonna have popcorn and Bounty house. Like, oh, I mean, I only catch it driving by I'm like, these has just don't know social media.

01:05:25

I had to call them to be like,

I had to call them to be like,

01:05:27

hey, if I'm like, an Indian dude. Is not a member of the church. Can I still come get the free popcorn, like, you know, what's the deal around? This? Are you like,

hey, if I'm like, an Indian dude. Is not a member of the church. Can I still come get the free popcorn, like, you know, what's the deal around? This? Are you like,

01:05:35

your doors are are they gonna have, like, a color watch? Yeah Like I'm in like,

your doors are are they gonna have, like, a color watch? Yeah Like I'm in like,

01:05:40

You're not winded it up. Exactly Like, Do you need to have recognized me? You know, like, oh, how does this work? And so I couldn't even get hold of them because I was like, they just have... They have, like, one old Facebook page with, like

You're not winded it up. Exactly Like, Do you need to have recognized me? You know, like, oh, how does this work? And so I couldn't even get hold of them because I was like, they just have... They have, like, one old Facebook page with, like

01:05:52

you know, an event from twenty fourteen.

you know, an event from twenty fourteen.

01:05:54

And I'm like, dude churches need better social media. And I was, I think you could just create, like,

And I'm like, dude churches need better social media. And I was, I think you could just create, like,

01:05:58

done done for you, social media services for churches,

done done for you, social media services for churches,

01:06:02

if you wanted to get, like, a ten to twenty thousand dollar a a month side hustle.

if you wanted to get, like, a ten to twenty thousand dollar a a month side hustle.

01:06:06

I think you could just do that just by going to every single church, just walk in and be like, hey, your social media is not very good. I can make it look like this. And then you basically go on Shepard, you hire somebody for eight hundred dollars a month, and that person's is gonna manage

I think you could just do that just by going to every single church, just walk in and be like, hey, your social media is not very good. I can make it look like this. And then you basically go on Shepard, you hire somebody for eight hundred dollars a month, and that person's is gonna manage

01:06:20

twenty churches social media for you because all the churches do... Hey, it's the same schedule. It's every Sunday.

twenty churches social media for you because all the churches do... Hey, it's the same schedule. It's every Sunday.

01:06:26

Same templates,

Same templates,

01:06:27

you just need their color, their name and you need to know, like, what's going on for them, Like, you know, just manage the all of their Instagram and, you know, like, social media accounts for them.

you just need their color, their name and you need to know, like, what's going on for them, Like, you know, just manage the all of their Instagram and, you know, like, social media accounts for them.

01:06:39

I think that's one that, like, it's not that nobody's doing that, but there's plenty of churches that are not on board that. And if you just wanted to go sign up a bunch of clients for three hundred to four hundred dollars a month. You could do that. Did you do you remember this... So I've heard of a hill song

I think that's one that, like, it's not that nobody's doing that, but there's plenty of churches that are not on board that. And if you just wanted to go sign up a bunch of clients for three hundred to four hundred dollars a month. You could do that. Did you do you remember this... So I've heard of a hill song

01:06:53

Like when I

Like when I

01:06:55

is like Hills song Church. Yeah.

is like Hills song Church. Yeah.

01:06:57

One I was... It live in Tennessee. I've been in Eighties atheist forever, but I was, like,

One I was... It live in Tennessee. I've been in Eighties atheist forever, but I was, like,

01:07:01

lot of cute girls are going to this. I guess, I guess, that's the price to... That's the price they gotta pay. So I'll go to this thing, so I went to this thing to, like, meet some people.

lot of cute girls are going to this. I guess, I guess, that's the price to... That's the price they gotta pay. So I'll go to this thing, so I went to this thing to, like, meet some people.

01:07:11

How I kinda learned about it. But

How I kinda learned about it. But

01:07:14

for in the later two thousands, there was this guy who somehow infiltrated Justin Bieber camp, and he, like, became Justin Bieber like Mentor,

for in the later two thousands, there was this guy who somehow infiltrated Justin Bieber camp, and he, like, became Justin Bieber like Mentor,

01:07:24

Car lengths. And there's a new Netflix show about him. But basically, he's like...

Car lengths. And there's a new Netflix show about him. But basically, he's like...

01:07:28

He's like,

He's like,

01:07:29

he's like a a smoking and hot guy. Like, you know, he looks basically, like Justin Bieber in his forties. Like, he looked great. I don't understand most minute babe.

he's like a a smoking and hot guy. Like, you know, he looks basically, like Justin Bieber in his forties. Like, he looked great. I don't understand most minute babe.

01:07:37

But he's a babe. Well, he's a babe. I mean, like, objectively. Like, you know, like, you're either seven foot tall you're not. Like, he's seven feet tall tall. I think I messaged he wants about him and you were like, dude. He's got the thing. Like, you know, like the the diagonal lines that just point to your crotch. It's like, like an ab line that you only have if your super ripped. He's got those. What kind of pastor have does? Yeah. If you're a pasture and you have that v, it's bad news. And adds

But he's a babe. Well, he's a babe. I mean, like, objectively. Like, you know, like, you're either seven foot tall you're not. Like, he's seven feet tall tall. I think I messaged he wants about him and you were like, dude. He's got the thing. Like, you know, like the the diagonal lines that just point to your crotch. It's like, like an ab line that you only have if your super ripped. He's got those. What kind of pastor have does? Yeah. If you're a pasture and you have that v, it's bad news. And adds

01:08:03

as one could just look at his v and guess. He did some... I don't know if he did any illegal things. I don't... I I didn't frankly I didn't don't watch the documentary. I don't know I don't think it was rape. I think we just cheated on his wife. And Yeah. I think they just had sex with just everyone.

as one could just look at his v and guess. He did some... I don't know if he did any illegal things. I don't... I I didn't frankly I didn't don't watch the documentary. I don't know I don't think it was rape. I think we just cheated on his wife. And Yeah. I think they just had sex with just everyone.

01:08:18

So

So

01:08:19

kick out. As one as one with all the power and the v might do. He's he's also super charismatic,

kick out. As one as one with all the power and the v might do. He's he's also super charismatic,

01:08:25

super good looking.

super good looking.

01:08:27

How's, like, you know, a huge following from being on stage in front of ten thousand people every week or whatever. You know,

How's, like, you know, a huge following from being on stage in front of ten thousand people every week or whatever. You know,

01:08:33

he's a mega celebrity. He was. Yeah. He's the Make celebrity, but he made Hill song cool. Like, I even went to one of those things

he's a mega celebrity. He was. Yeah. He's the Make celebrity, but he made Hill song cool. Like, I even went to one of those things

01:08:40

because his girl I was trying to date was, like, come to this thing. I love music. Music great.

because his girl I was trying to date was, like, come to this thing. I love music. Music great.

01:08:46

Yeah. So I went I went to that thing just to be with this girl and

Yeah. So I went I went to that thing just to be with this girl and

01:08:50

one worth it didn't work out. But

one worth it didn't work out. But

01:08:55

but, yeah, that's how I learned about some of this religion stuff. Dude and where I'm from Saint louis, all the Catholic churches are dia, like, the... All the Catholic gold are are are going by the wayside. One one of the wonderful things that I learned when I moved to Silicon Valley was a a new way of looking at businesses that I hadn't really ever heard before outside of Silicon Valley, which is...

but, yeah, that's how I learned about some of this religion stuff. Dude and where I'm from Saint louis, all the Catholic churches are dia, like, the... All the Catholic gold are are are going by the wayside. One one of the wonderful things that I learned when I moved to Silicon Valley was a a new way of looking at businesses that I hadn't really ever heard before outside of Silicon Valley, which is...

01:09:13

I'll

I'll

01:09:14

most products are actually a bundle, not a product. Most things are a bundle. And once you can identify what's in the bundle, you could figure out how to

most products are actually a bundle, not a product. Most things are a bundle. And once you can identify what's in the bundle, you could figure out how to

01:09:23

un bundle that service and make something better. So for example,

un bundle that service and make something better. So for example,

01:09:27

Peter Till went on a spree where who's talking about how universities are a bubble. The University system is is overrated he was gonna launch the Teal fellowship, which would pay you two hundred thousand dollars to drop out a school and do something useful with your life. And that's where Fig came from and that's where audio rooms came from. That's where, you know, metallic, the creative of Ethereum wasn't. He was a teal failure. There's been

Peter Till went on a spree where who's talking about how universities are a bubble. The University system is is overrated he was gonna launch the Teal fellowship, which would pay you two hundred thousand dollars to drop out a school and do something useful with your life. And that's where Fig came from and that's where audio rooms came from. That's where, you know, metallic, the creative of Ethereum wasn't. He was a teal failure. There's been

01:09:48

ten billion dollar companies so far I've come from it. Real actually a very impressive track record. And so one of the things he said was that they're like, how can you... You know, it was it was sort of like, Taboo to say, like, you know, who says, like,

ten billion dollar companies so far I've come from it. Real actually a very impressive track record. And so one of the things he said was that they're like, how can you... You know, it was it was sort of like, Taboo to say, like, you know, who says, like,

01:10:01

anything against school. Right? Like, everybody's messes message basically stay in school kids and he's saying, drop out of school kids, And so they're like give you money. Dare you. And he's like, well,

anything against school. Right? Like, everybody's messes message basically stay in school kids and he's saying, drop out of school kids, And so they're like give you money. Dare you. And he's like, well,

01:10:11

the University is a bundle. He's like, it's partially

the University is a bundle. He's like, it's partially

01:10:16

education. So there are... There is education. It's partially

education. So there are... There is education. It's partially

01:10:21

socialization. So, you know, you go there to learn how to, like, party and be with other kids and date and get drunk and all that stuff.

socialization. So, you know, you go there to learn how to, like, party and be with other kids and date and get drunk and all that stuff.

01:10:27

It's partly

It's partly

01:10:28

babysitting. So it's basically my kid's not old enough. They're not mature enough to go to the real world yet. Like, four years over here and let let them simmer a little bit, then they'll be ready.

babysitting. So it's basically my kid's not old enough. They're not mature enough to go to the real world yet. Like, four years over here and let let them simmer a little bit, then they'll be ready.

01:10:37

He's like, it's partly insurance,

He's like, it's partly insurance,

01:10:39

which is like a societal insurance, like, look,

which is like a societal insurance, like, look,

01:10:42

I don't care what you do just get a degree. Get a college degree, because that label that stamp is gonna be whatever. He's like, it's partly

I don't care what you do just get a degree. Get a college degree, because that label that stamp is gonna be whatever. He's like, it's partly

01:10:49

accreditation. So like,

accreditation. So like,

01:10:51

I don't care if you're the top student at Harvard, but if you got into Harvard, that's a signal, the strong enough for me as an employer to know that you're smart. Right? Like if I know you would to harvard it's a signaling thing. So he's, like, you're actually buying all of these things when you buy into university, when you pay the crazy cost of.

I don't care if you're the top student at Harvard, but if you got into Harvard, that's a signal, the strong enough for me as an employer to know that you're smart. Right? Like if I know you would to harvard it's a signaling thing. So he's, like, you're actually buying all of these things when you buy into university, when you pay the crazy cost of.

01:11:07

And we have to ask ourselves what part of that bundle is actually important. What part of the bundle is failing is actually a weak part of the bundle that could be un bundle.

And we have to ask ourselves what part of that bundle is actually important. What part of the bundle is failing is actually a weak part of the bundle that could be un bundle.

01:11:14

And so

And so

01:11:15

What he did was he switched the accreditation one? He's like, cool.

What he did was he switched the accreditation one? He's like, cool.

01:11:20

What if I created something? I have a brand, Peter T Invested in Facebook, I created Paypal, What if I pan

What if I created something? I have a brand, Peter T Invested in Facebook, I created Paypal, What if I pan

01:11:27

you know, forty of the most promising college kids and paid them two hundred grand leave school. Now, I've

you know, forty of the most promising college kids and paid them two hundred grand leave school. Now, I've

01:11:32

Instead of having just like some normal school badge, which is good. You get the teal hand picked badge

Instead of having just like some normal school badge, which is good. You get the teal hand picked badge

01:11:39

which is even more elite. So I'm gonna like, un bundle the university to give you an more elite badge.

which is even more elite. So I'm gonna like, un bundle the university to give you an more elite badge.

01:11:44

And then I'm gonna get rid of all the rest. I don't care about the socialization Don't care about the rest. I'm gonna be ten x better at this batch. And, you know, like, yc c is ten x better at University

And then I'm gonna get rid of all the rest. I don't care about the socialization Don't care about the rest. I'm gonna be ten x better at this batch. And, you know, like, yc c is ten x better at University

01:11:54

in certain things than in others. And so... That's brilliant. Yeah. So the question is, what is the church bundle? The church bundle is a combination of lecture for learning,

in certain things than in others. And so... That's brilliant. Yeah. So the question is, what is the church bundle? The church bundle is a combination of lecture for learning,

01:12:04

Community, a place to gather and congregate every week.

Community, a place to gather and congregate every week.

01:12:07

It's just a peaceful place Like I like go to church. I used to go to church not for, like... Like I kinda like the sermon, but I just love the feeling of being inside of a church, the aura of inside of a church was just very peaceful and grounding to me.

It's just a peaceful place Like I like go to church. I used to go to church not for, like... Like I kinda like the sermon, but I just love the feeling of being inside of a church, the aura of inside of a church was just very peaceful and grounding to me.

01:12:21

So it's a peaceful place. It's also therapy slash confession.

So it's a peaceful place. It's also therapy slash confession.

01:12:25

So a place to get things off your chest.

So a place to get things off your chest.

01:12:27

And and kind of with that is, like, being absorbed of your sins, like, you're just getting a clean slate. I like, oh, okay. I feel less guilty. You know, there's music so some people go for the music vibes, some people go for the food, Like, Indian temples all have like free food. I don't know if Churches have that or up, but like, Indian temple, like a lot of people buy no go because it they actually, like, love the meal.

And and kind of with that is, like, being absorbed of your sins, like, you're just getting a clean slate. I like, oh, okay. I feel less guilty. You know, there's music so some people go for the music vibes, some people go for the food, Like, Indian temples all have like free food. I don't know if Churches have that or up, but like, Indian temple, like a lot of people buy no go because it they actually, like, love the meal.

01:12:46

But it's plus a good thing.

But it's plus a good thing.

01:12:48

You show your loyalty to god. And so if you take this bundle of a bunch of things. Also dating, I I I put this on there, Like, I know bunch of people that, like, they kinda wanna meet someone who has maybe their values or is like Right. You know, Like sure. Yeah. It's like matches in some way.

You show your loyalty to god. And so if you take this bundle of a bunch of things. Also dating, I I I put this on there, Like, I know bunch of people that, like, they kinda wanna meet someone who has maybe their values or is like Right. You know, Like sure. Yeah. It's like matches in some way.

01:13:03

And they're like, oh, this is better than going and trying to approach someone in a bar where it's noisy and I'm getting rejected. Like, what if I... I... This is a new sort of, like, social scene where I can go approach somebody. Alright.

And they're like, oh, this is better than going and trying to approach someone in a bar where it's noisy and I'm getting rejected. Like, what if I... I... This is a new sort of, like, social scene where I can go approach somebody. Alright.

01:13:14

So I think one big... So the small version of this idea is like social media for churches, the medium version of this is like,

So I think one big... So the small version of this idea is like social media for churches, the medium version of this is like,

01:13:21

restructure these churches into condos or figure out some lead gen where you maybe you you help them as they wind down to sell off assets or something?

restructure these churches into condos or figure out some lead gen where you maybe you you help them as they wind down to sell off assets or something?

01:13:29

The big version of this idea is figure out how you're gonna replace the value that churches gave people but can do it in a way. And so, like, for example, could you create a new

The big version of this idea is figure out how you're gonna replace the value that churches gave people but can do it in a way. And so, like, for example, could you create a new

01:13:38

brand. It'd be same venues that's around on, like, manifestation or something like that or meditation or

brand. It'd be same venues that's around on, like, manifestation or something like that or meditation or

01:13:45

yoga.

yoga.

01:13:45

Like, could you create a yoga franchise? That only operates out of churches and some blend of like that's cool, religion and churches. Right? I start religion and yoga? And like, I think those are the big ideas, which is replace the function...

Like, could you create a yoga franchise? That only operates out of churches and some blend of like that's cool, religion and churches. Right? I start religion and yoga? And like, I think those are the big ideas, which is replace the function...

01:13:57

One of the like, beat ten x better on one of those bundles, like, ten x better on food or music or the sermon or

One of the like, beat ten x better on one of those bundles, like, ten x better on food or music or the sermon or

01:14:04

absorbing you of your sins. Like, you know,

absorbing you of your sins. Like, you know,

01:14:07

do do try to be better at ten x but those and they use the physical locations of churches

do do try to be better at ten x but those and they use the physical locations of churches

01:14:12

to, like, build that new franchise? That's a very... That was a good that was a good speech. You did good on that one. Thank you. We're gonna... Now we're gonna have bunch of... You're we're gonna have a bunch of soul cycles

to, like, build that new franchise? That's a very... That was a good that was a good speech. You did good on that one. Thank you. We're gonna... Now we're gonna have bunch of... You're we're gonna have a bunch of soul cycles

01:14:23

on the altar.

on the altar.

01:14:25

Would

Would

01:14:26

which is like cooler than how it is now. But that was a good... Yeah that was a very compelling argument. Thank you. I sort of ventured into drunk ideas territory there, but I feel like around... We had a little bit.

which is like cooler than how it is now. But that was a good... Yeah that was a very compelling argument. Thank you. I sort of ventured into drunk ideas territory there, but I feel like around... We had a little bit.

01:14:37

Yeah. That was a good one. That was a good one. I'll let you... That's that's the winner or dr the dr shit is the is the winner. Alright. There we go. That's it. That's the idea. So

Yeah. That was a good one. That was a good one. I'll let you... That's that's the winner or dr the dr shit is the is the winner. Alright. There we go. That's it. That's the idea. So

01:14:49

you know what to do. Do they just get all these ideas for Free Sam?

you know what to do. Do they just get all these ideas for Free Sam?

01:14:52

Well, they don't have to pay money. Oh, but it's not for free.

Well, they don't have to pay money. Oh, but it's not for free.

01:14:55

But so they don't to pull their wallet, but what do I have to do? What? I think what they gotta do is

But so they don't to pull their wallet, but what do I have to do? What? I think what they gotta do is

01:15:00

go to Youtube

go to Youtube

01:15:02

go to your podcast app, search my first million. And you gotta click subscribe. You gotta click that button for us because we're out here, churning out million dollar ideas. Billion dollar ideas, side hustle ideas for you. All... On a Labor day, no less. Oh, I mean,

go to your podcast app, search my first million. And you gotta click subscribe. You gotta click that button for us because we're out here, churning out million dollar ideas. Billion dollar ideas, side hustle ideas for you. All... On a Labor day, no less. Oh, I mean,

01:15:18

only one right move. There's only one way to pay us back, and that's what it is. Go subscribe to the channel. That is called the gentleman's agreement. We're not gonna go check. We're not gonna we're not gonna verify this. Alright? There's It's honor ko. This is a gentleman's agreement. We did it. We did our part I you do yours. That's all. Alright. Thank you. That's the pie.

only one right move. There's only one way to pay us back, and that's what it is. Go subscribe to the channel. That is called the gentleman's agreement. We're not gonna go check. We're not gonna we're not gonna verify this. Alright? There's It's honor ko. This is a gentleman's agreement. We did it. We did our part I you do yours. That's all. Alright. Thank you. That's the pie.

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