Data-Based Businesses, Executive Briefings, and Spotting Scams with Anand Sanwal

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 31 January 2023

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 413: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with Anand Sanwal (@asanwal), CEO and co-founder of CB Insights, about how Anand built his companies, the importance of data, small business niches that are growing, and much more. Want to see more MFM? Subscribe to the MFM YouTube channel here. ----- Links: * RebelGirls * USNews Best Colleges * McCormick Corporation * Anand's Twitter * CB Insights * How To Manage And Sell A Company In An Industry And A Country You Don’t Know * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. * Want more insights like MFM? Check out Shaan's newsletter. ------ Show Notes: (01:15) - Anand's Background (05:00) - "Sawdust Data" businesses (9:00) - Tiny but growing niches (13:30) - Daily executive briefing email (18:30) - Pricing data business (24:30) - Broke & Busted College Rankings (31:30) - McCormick Spice Competitor (41:30) - How To Manage And Sell A Company In An Industry And A Country You Don’t Know (48:30) - Adani Group Collapse & spotting scams ----- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. ----- Additional episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • #218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Transcript

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0:00.0	I love how even though I tried to pick a non nerdy data one it actually underneath the hood was a nerdy data one
0:06.4	You're like that you're a data hammer and the whole world is just little nails that you're just trying to hammer with your you know like
0:12.6	But dude you this is the best thing in the data like a vacuum
0:16.4	You're the data Dyson that's just taking in this data from everywhere you can yeah
0:20.6	I feel like I could rule the world. I know I could be what I want to
0:25.2	I put my all in it like no days
0:27.8	All for the road let's travel right so I typically give intros so
0:33.5	You run a I don't know if you call it software or a data business
0:37.3	but people pay subscriptions and
0:39.5	Your your company CBN sites do now get in close to a hundred million a year in revenue
0:44.6	Which is like a huge accomplishment hundreds of employees as well and
0:48.4	Basically and this is the part that's kind of hard to understand for someone like Sean and I because we haven't run like really really huge
0:54.2	Companies but basically when a company that has a thousand people have to decide what software they have to buy like let's say
1:00.9	It's just like some customer support software or payroll or something
1:03.7	They need to do tons and tons of research to make sure that the business that they're gonna pick the vendor
1:08.1	They're gonna pick like we'll stay in business or we'll be around for 10 or 20 years things like that as well as a
1:13.7	Bucsion of other information and you have crawled through what you call dirty data
1:17.4	So all this data out there exists
1:19.0	But you just put it in a bit bits of software that make it really easy to digest and understand so a person can make a right in
1:25.4	Smart decision and they pay you like 30 year 50 or a hundred and fifty thousand dollars a year to access all that is that right?
1:31.8	Sounds about right. Yeah, and more importantly
1:34.8	fan of the show and
	...

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