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My First Million

#198 - How to Build a Unicorn Around the NCAA Reg Changes

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 9 July 2021

⏱️ 65 minutes

🧾️ Download transcript

Summary

Sam (@TheSamParr) and Shaan (@ShaanVP) break down opportunities created by the NCAA regulation changes. One of those ideas Sam said was the best he's heard in months. They also talk about Sam's road trip adventure to New York. The guys finish the episode brainstorming ideas ranging from an internal search engine for company documents to Zapier for sounds to referral programs. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (:54) Intro * (1:47) Sam's Nightmare Trip to NYC * (7:19) Opportunities for healthy eating on the go * (11:17) The Roaring 2020's * (13:04) NCAA Athlete Opportunities * (20:29) Inflections * (25:27) Stanwith.me * (32:59) A company document search engine * (39:41) Zapier for sounds * (53:58) Loyalty and referral programs * (1:01:37) The benefits of not using custom software

Transcript

Click on a timestamp to play from that location

0:00.0

I really've heard this a bunch of times, which is a lot of times as an entrepreneur,

0:03.2

you just need to be in the market, you need to be in the game.

0:06.1

And even if your current thing's not working, if you are aware of these inflection points,

0:11.2

you're the perfect person to just shift over.

0:25.5

All right. We had a good episode.

0:27.5

Well, I think we've talked about a lot of stuff. What do we talk about? We talked about the

0:30.5

Zappier for Sound. We talked about, yeah, we talked about the opportunity. Now that college

0:34.8

athletes can make money, what are the business opportunities around that that just opened up?

0:38.6

And I think if you're interested in software, I think Sean, you actually gave like one of the

0:42.3

one of the better ideas in the last three months that we discussed. So that's kind of interesting.

0:46.1

We talked about a new company that's creating a search engine for company documents.

0:49.9

It sounds boring, but it's actually could be quite a big business. What else do we talk about?

0:53.6

The last thing is we talked about this business model idea of basically go take the R&D that

0:59.2

the big companies do and that they make custom software for themselves, like the Starbucks mobile app

1:03.8

or the Domino's pizza ordering app and then make that available to all the mom and pop. So we did a

1:08.3

bunch of examples of that and where the opportunities might be. All right. Listen up. Let us know how

1:13.5

and how you liked it. My Twitter is thus saying par than Sean's is Sean VP.

1:19.6

All right. Quick break to tell you about another podcast that we're interested in right now.

1:23.1

HuffSpot just launched a Shark Tank rewatch podcast called Another Bite. Every week the host

1:28.7

relived the latest and greatest pitches from Shark Tank from Squatty Potty to the

1:33.4

Mention a Bench to Ring Doorbell and they break down why these pitches were winners or losers

1:38.7

and each company's go to market strategy branding pricing valuation everything. Basically all

...

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