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My First Million

#207 - How to Make Millions by Unbundling Etsy

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 6 August 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down a multi-million dollar opportunity to unbundle Etsy ($24B market cap). Shaan also shares how he would approach it if he were doing it himself. The guys also talk about the multi-billion dollar elevator industry, a training program to become an MMA fighter, and whether tax incentives make Canada an attractive place to run a startup. --------- * 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: * (1:10) Intro * (3:30) The elevator industry * (11:08) Unbundling Etsy * (22:43) A crash course to become an MMA fighter * (28:02) Mental Fitness * (39:01) Moving to Canada + SRED credits * (45:53) Reese Witherspoon's massive exit * (51:45) Delta airlines meet Delta variant

Transcript

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0:00.0

That's exactly how it works is people think, oh, if I practice stoicism, I'll become that person who is

0:06.6

calm mind and able to just operate and doesn't have these sort of like

0:11.0

massive swings and it's like no, it's the other way around. Once you learn to tame the mind, once you learn to master the mind

0:17.6

you'll naturally become a stoic person

0:22.1

I feel like I could rule the world. I know I could be what I want to

0:26.3

put my all in it like no days. Oh,

0:29.2

on a road. Let's travel never looking back. What up? All right. What's going on?

0:35.4

I'm in Nashville. I wait, it's a is it eight or seven where you are? Seven. Oh, it's seven. Wow. It's early.

0:44.1

So I woke up a little bit late and I texted you and I go, you just want to record something right now and you said, yeah, I'm thankful you said yes.

0:50.8

Yeah, let's give it a shot. You're at a podcasting conference, which sounds like not a ton of fun.

0:55.4

Is it a ton of fun though?

0:58.1

So it's educational and I'm happy and I'm learning, but it's just like nerdy stuff and

1:05.4

you know, there's not like I don't want to I can't absorb it for that long, but I'm happy that I would love. Yeah, it's worth it. It's cool.

1:13.2

People, people like know us and that's crazy. Like it's crazy just to walk around. It's at a hotel and like so everyone's staying

1:20.5

and it's kind of funny to be walking around and just people come up to you and say that they like listen. So that's kind of neat because it's all podcast nerds.

1:27.6

Yeah, okay. I like that. You learn anything cool. Any hacks? Any any growth hacks for us or what?

1:33.8

I think YouTube is just the way to go. So and that's all we're doing with this show is going hard.

1:38.6

Podcasting is for nerds. We're going to you.

1:40.6

Yeah, no, I mean, well, that's the way to go. Some of these people spend so for the listeners, Sean and I

1:50.8

what's not our money anymore, but when we were doing this like we were like so cheap and I actually think too cheap

1:56.6

about starting this podcast. I mean, I think it was right how we did it with like really

2:01.9

bad at first and then it got a little bit better and a little bit better, but people spend so much money on

...

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