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My First Million

#215 - What Venture Capital Will Look Like in the Future

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.82.7K Ratings

🗓️ 1 September 2021

⏱️ 76 minutes

🧾️ Download transcript

Summary

In this episode Shaan (@ShaanVP) and Sam (@theSamParr) predict what venture capital will look like in the future. Shaan breaks down the different ways someone can win as a VC and also explains how SPACs work. The guys also talk about a company providing dummy data, the allure of a recruiting agency, and we learn about Harold Alfond - this week's billy of the week. --------- * 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: * (3:30) Sam's book of the week * (9:58) Tonic Fake Data * (17:18) Recruiting as a solopreneur * (21:10) Amazon liquidation * (31:22) Sam's Costco return story * (34:24) Shaan's Halloween costume rule * (37:09) Billy of the week - Harold Alfond * (48:18) Charitable donations * (57:15) The future of venture capital * (63:03) How SPACs work * (70:22) The ways to win as a VC * (74:53) The $200 million dollar graffiti artist

Transcript

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0:00.0

If you want a bet on the future of humanity and where a lot of growth is gonna come from investing in technology is the way to do it.

0:18.9

All right, this is one of the best episodes I think we've done in a long time. I'm gonna tell you everything that we talked about.

0:25.2

But first Spotify just has this like new feature. I want to see how great it is. So basically if you're on Spotify go to pull the app up look at it.

0:34.6

Look at our My First Million page and you're gonna see a little bell. Do me a favor hit that bell. I want to see if you'll be notified when we have our next episode.

0:43.3

I want to see if the same works. If it does work sign up click the bell and then tweet at me tell me if it works and I'll like give you a

0:50.0

reach we or something like that in exchange for clicking it but click that for me and let me know if it works. All right quick back to tell you about another podcast that we're

0:57.0

interested in right now. How spot just launched a shark tank rewatch podcast called another bite every week the host relived the latest and greatest pitches from shark tank from

1:06.6

Squatty Potty to the mentioned a bench to ring doorbell and they break down why these pitches were winners and losers and each company's go to

1:15.1

market strategy branding pricing valuation everything basically all the things you want to know about how to survive the tank and scale your company on your own.

1:23.2

If you want to give it a listen you can find another bite on whatever podcast that you listen to like Apple or Spotify or whatever you're using right now.

1:30.0

All right back to the show. So today's episode I think is one of the best episodes we've done in a very very long time. We talk about the Amazon

1:38.4

liquidation business I'm actually going to record myself buying from one of these websites it's a fascinating business where they sell you a bunch of return stuff but it's packed in a

1:46.4

mystery package we talk about fake data there's a new company called tonic that selling fake data that help you test your stuff crazy fascinating business and then my favorite topic is this guy called Harold Alphan

1:59.2

is the Billy of the week this amazing billionaire that started a shoe company and I'm actually gave away most of his money but incredibly fascinating we talk about a few other stuff like like how tiger global is making all this money in the future of

2:12.1

the sea that's pretty fascinating but my favorite part was the Billy of the week check it out and by the way on your phone you're probably listening to this on your phone go to

2:20.5

Spotify click that bell I think they just released this recently someone was telling me about it tell me if you get notified like send like a like a click the bell and then just send me a

2:30.4

screenshot when the next episode comes out and tell me if it works the same part on Twitter I want to know if this works I'll retweet you if you send it to me all right enjoy the

2:39.1

episode okay so what did you think about the roommate episode I thought it was pretty good I thought he does a good job like I guess I was breaking up into two

2:49.9

categories how how interesting is the stuff you're saying and then how interesting are you at saying it so he was like I thought he was very interesting and how he says things like he

3:01.0

bright he brings energy he is not afraid to like call something stupid like you know he brings a little bit of that flare that you need for something to be fun in terms of the info I thought it was pretty good I think you know we talked a lot

3:18.2

about courses and I just think not like we are interested courses we can make courses that might be successful and so he already does that I don't know how many other people really care as much about how much we

3:28.4

nerded out about it but I don't really care because I wanted to know it so it was like that let me tell you really quick about this book I'm reading it's called Empire of the summer

...

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