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My First Million

#107 with Chris Bakke - This Serial Entrepreneur is an Idea Machine

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 4 September 2020

⏱️ 57 minutes

🧾️ Download transcript

Summary

Shaan Puri (@ShaanVP) hosts the pod today with guest Chris Bakke (@ChrisJBakke) an early employee at Bank Juice, which sold to Zillow. In today’s episode you’ll hear: Chris gives his background and how he ended up in the Bay Area (1:15), Shaan gives his philosophy on how to hire new people (9:35), Chris explains why he thinks raising capital is a good idea (14:15), Chris has an idea he calls "Shopify for SaaS products" (17:05), Chris and Shaan kick around how to get subject matter expertise out of gurus to build a service business (21:50), Chris has an idea for franchising a service like GeekSquad (27:05), Shaan tells a story of how his friend franchised a service model (31:30), Shaan and Chris explain how at-home camps/schools can generate a lot of money (40:05), Shaan gives a framework of how to give poor people something that rich people have and how that translates to give small businesses something they want that big businesses already have (39:45), Chris gives the elevator pitch for his new company that replaces big consultants with software (52:50). This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off. Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. See acast.com/privacy for privacy and opt-out information.

Transcript

Click on a timestamp to play from that location

0:00.0

All right, let's take a second to talk about our sponsor today, HubSpot.

0:04.0

They have two new AI tools that are pretty cool I want to tell you about.

0:06.5

So the first one is Content Assistant.

0:09.1

So we know that Content's key for driving revenue because you write content, you get traffic,

0:14.7

the traffic turns into leads, the leads turn into revenue.

0:17.0

But not everybody's great at doing content.

0:19.3

And so the content assistant is basically an AI based tool that will help you come up

0:24.3

with blog post ideas or even draft the blog post or an outline for it.

0:28.9

And you can use it to write the copy that you need for your website, your landing page,

0:31.9

your prospecting emails, whatever you need to write content, this can do it for you.

0:35.6

It's built on top of OpenAI's GPT model.

0:38.5

And the differentiator is that it's an all-in-one AI power tool that's designed to help you

0:42.3

get more done, save your time, and help you grow your business faster.

0:45.9

So that's the first one.

0:46.9

The second one is ChatSpot.

0:48.4

So ChatSpot, think of that like a Chatbot that you can talk to, just ask your questions,

0:52.8

like, hey, what's our web traffic or revenue?

0:54.7

Or, hey, is there anybody in our CRM that fits this criteria?

0:57.8

It'll just pull it up.

0:59.2

Or you can ask it to do things like, hey, draft a email follow up to this prospect.

1:03.8

So ChatSpot has got your back.

1:05.2

Think of it like an intelligent assistant.

...

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