Business Brainstorm: Ozempic Hotline, Klout 2.0 & Failed Churches

Episode 492: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/thesamparr) are back with a classic business brainstorm episode. They share 9 business ideas — everything from Dribble for X, to capitalizing on the Ozempic mega-trend, to building an AI-enabled marketplace for teachers. Want to see more MFM? Subscribe to the MFM YouTube channel here. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ — Show Notes: (0:00) Intro (2:55) Klout 2.0 (13:00) Dribbble for X (24:50) Private Elementary School (35:20) Sam's telemarketer days (45:00) Yelp for investors (46:50) Teacher's Pet (49:10) 1-800-Ozempic (54:00) Recruiting Elite Nerds (1:00:20) Failed churches — Links: • Klout - https://khoros.com/platform/klout • Dribbble - https://dribbble.com/ • The Hamlin School - https://hamlin.org/ • Towerview Ventures - https://www.av.vc/funds/towerview • Teachers Pay Teachers - https://www.teacherspayteachers.com/ • Mind Sport Olympiad - https://mindsportsolympiad.com/ • Niagra Consulting - https://www.niagaraconsulting.net/ • Church house - http://tinyurl.com/y33rfmbr • Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel. — 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. — Other 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

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Shaan Puri?

  You could turn off wifi and do this idea.

• 0:01Sam Parr?

  I like that.

• 0:03Shaan Puri?

  So what if I told you that in San Francisco, I discovered a business that does $31 million in revenue locally here in San Francisco? On that $31 million in revenue, it does about 11 million in profit. And

• 0:14Sam Parr?

  And it's brick and mortar?

• 0:15Shaan Puri?

  Brick and mortar.

• 0:16Sam Parr?

  Wow.

• 0:17Shaan Puri?

  And it has $100 million of assets on the balance sheet. You want to take a guess at what kind of business this is?

• 0:22Sam Parr?

  Well, it's one of the things you've had listed, but does it involve religion?

• 0:29Shaan Puri?

  It does not, no.

• 0:30Sam Parr?

  Oh, what is it?

• 0:31Shaan Puri?

  It is a

• 0:42Sam Parr?

  All right, we're live. Happy Labor Day. We are celebrating by laboring.

• 0:48Shaan Puri?

  Yes. Join me in this labor, Sam. Let's do a labor of love because

• 0:54Sam Parr?

  It is a day of labor.

• 0:55Shaan Puri?

  Today's episode is all about ideas, business ideas and opportunities.

• 1:00Sam Parr?

  Did you like preparing for this?

• 1:02Shaan Puri?

  I love preparing for this. I bet you did not.

• 1:04Sam Parr?

  This is not my favorite thing to prepare for. It feels like a book report, whereas my favorite episodes are when I just find cool shit throughout the week and I just go, have you seen this? This is cool. Versus this one, I was like, oh, I gotta like go and like find things that, uh, like I gotta seek them out a little bit more.

• 1:20Shaan Puri?

  To me, this is like, you know, in a relationship where you, it's like, oh, our relationship is just us doing things together, right? Like, ah, I gotta go to the grocery store. Come with me to the grocery store. That's, that's our date. But you forget that you gotta do a date night once in a while. You gotta, you gotta break out the rose petals. You gotta figure out a way to, to, to keep it spicy. To me, that's what these, these episodes are where, when we started this podcast, it was very much like, we, what, what are ideas, business opportunities for people? And that's how we got that initial momentum because no one else was doing that. And then over time, it's like, well, listen, we're doing two episodes a week. We can't be having like 20 good ideas a week. That's not really how it works.

• 2:02Shaan Puri?

  So we started blending in just cool businesses we discovered, interesting things that are going on in our companies, whatever.

• 2:09Sam Parr?

  That's like the, that's like the Costco pizza date night. You know what I'm saying? Like, oh, let's go to Costco, get some toilet paper and we'll get a pizza.

• 2:16Shaan Puri?

  Right.

• 2:18Shaan Puri?

  That counts, right?

• 2:19Sam Parr?

  Which is, which is great.

• 2:22Shaan Puri?

  So this is a throwback. This is, we, we sprayed some cologne. We, we got a little hair gel and putting on pants for the first time in, in a while. And here we go. This is date night for MFM. Where do you want to start?

• 2:37Sam Parr?

  So I'm actually very happy that we have one overlapping thing that makes me pumped.

• 2:46Sam Parr?

  And also a bunch of our things are big, which also makes me pumped. I do not like the small time stuff.

• 2:52Shaan Puri?

  Yeah, we're gonna have a range though. There's gonna be a couple that are like simple.

• 2:58Shaan Puri?

  What I'll call like more like simple side hustle. It's like, here's a way that you could replace a job. You're not really gonna get rich doing it per se, but you could definitely get to, I don't know. 10K a month, 20K a month doing this.

• 3:12Shaan Puri?

  And then we have a bunch of big ideas. So I tried to stay away from like complete moonshot ideas in this, in this one.

• 3:19Sam Parr?

  I, I, I have a few big ones. What, what, do you wanna, can we actually start with it? I think one that interests you and I, that is a big one. Do you want to talk about that one? Or do you want to start small first?

• 3:32Shaan Puri?

  All right. Yeah, let's go.

• 3:33Sam Parr?

  Last episode, we gave a preview. There was one company. We, I don't know if you've ever talked about it, but I could just read your mind and know that you thought this was cool. But in about 2012 or so, I think it started in 2008, but it got popular in like 2012. There was a company called Klout. It was Klout with a K, K L O U T. And I remember I was just getting started like on the internet and I only had like, I had like 4,000 Facebook friends. And that was like considered big. And this company called Klout came out and basically what you could do is login with your Facebook, your LinkedIn, your Twitter. And I don't even know if Instagram existed in that way back then. Uh, or I guess it maybe did whenever it switched to Facebook.

• 4:15Sam Parr?

  But it was really fascinating because what they would do is they would give you a Klout score. And with that clout score, what you would do is it would range between one and 100. I think there was a time when I had like a 75 or something. Obama was like a 92, like so to give you perspective. And what would happen is it was a platform for companies like McDonald's. Well, at least that's who I got. I got like $5 McDonald gift cards for like their new promotions. They would basically find out like information about your background. So what you're interested in, what you're posting, and then how popular you are. And they would give you free stuff in hopes that you would go out and like the experience and share it. That company was acquired. They raised like $40 million. They were acquired in 2014 for 200 million bucks.

• 5:00Sam Parr?

  But I don't think that was a very successful exit. I think that they probably just sold for the amount of money that they raised at. However, I've been thinking about this idea constantly, and I think it's really, really, really cool. So the way it got started was in 2017, the guy who started, his name was Joe Fernandez. He had some surgery on his jaw, something was wrong with his jaw. So his jaw was wired shut for three months. And so he was like in this hospital bed laying around and he didn't have anything to do. And so he said, he, he, he, he just got obsessed with can word of mouth be measurable? And so he created this API or he created this program where you could pull from Twitter's API and give a score out of 100 based off of how influential the person was. And he got obsessed with this and he started going around deeper and deeper and deeper on this.

• 5:41Sam Parr?

  And eventually it turned into a company where by like 2011, it was pretty popular. And this one person said something amazing where they were trying to hate on clout. And they said something like, uh, they took the cloud, took the entire spectrum of human interaction and condensed it into a two number, a two digit number that you could use to bludgeon anyone who failed to adhere to it. It basically just said it's tacky, it's basic, it's cheap. And they're like, you, you, you can't just put someone's like, give someone a score and that'd be their self-worth. And in my head, I'm like, well, that's actually awesome. That's a really cool service. And so the company got quite popular. It was bought in whatever I said, 2014 by lithium, which I don't even know what that is.

• 6:25Sam Parr?

  And it doesn't exist anymore. And I was curious about it. And I said, Joe, I we DM'd him. I go, do you think that this could still exist today? He goes, this is something I'll never get over. In so many ways, we were just way too early. The world still needs something like this, like clout more than ever. Unfortunately, I'm not sure if it's possible to pull to pull it off and get all the data. However, the idea of clout for anyone in the in our era, like just getting started in the 2010, 2014 range. This was awesome. And I think a business like this 100% should still exist. Because when I'm we're sponsoring influencers and stuff for different companies. It's really hard to know what's legit and what isn't. So what do you think about cloud? What did you remember?

• 7:05Shaan Puri?

  I remember back then, I thought it was such a smart idea. I was like, oh, this is great. Yeah, like everybody, you know, across all social. You have followers before we all kind of know followers ain't exactly it. And to layer on on just another number that even if you thought it was stupid. You didn't want to be at the bottom. And I was like, oh, that's a powerful draw, right? It's just like any other ratings or reviews. But I was like, this is great because it doesn't require people to have ratings and reviews. It could just basically crawl the data or just take the connected data and give you a score based off of it. So I really liked that. On the other side, it was unclear to me exactly how this was going to be used.

• 7:45Shaan Puri?

  For example, you're saying when we're figuring out whether to pay, which influencer sponsor or how to pay them. You know, something like this is useful. I think that's the problem with this, that it was more compelling to the clout. User who wanted their score to know their score and for it to go up. Then it was for the brands who needed to find influencers. And so I think it really had half of the problem. I think the second half, like it wasn't a must have because, for example. You can, you know, you kind of like if you're a brand, you kind of know who influencers are. Even if you don't know, you could look at the followers, you can look at their rough engagement and say, okay, how many likes to followers? You get a very quick proxy for this.

• 8:27Shaan Puri?

  You could use cloud, but I'm not going to pay cloud like 30 grand a year for that type of information. So the question is, what type of information? What would be the the right way to use that cloud score? How could they? What could they do with that cloud score? And I don't know what that answer is, but I think that's where you would have to start if you wanted to restart this idea. What do you think? What do you think people could do with this? Or do you agree with me that? It's hard to charge a brand a lot of money for what's somewhat obvious, which is, uh, you know, which influencers have have pull.

• 8:58Sam Parr?

  I think you're thinking like a small, medium sized business owner and not McDonald's and not sick burn. Like a huge company.

• 9:08Shaan Puri?

  Dude, there's this, I gotta tell you.

• 9:09Sam Parr?

  Like you're thinking like a $50 million a year business, not a billion.

• 9:13Shaan Puri?

  I have a funny story. I, uh, so I had, I did an interview with Emmett or I did a pod with Emmett, uh, the other day. So Emmett is the CEO, founder of Twitch and Twitch had bought my company. And so anyways, I, uh, it went well overall. It's going to come out in a couple of days, but there was one really funny part where he just burned me so bad. And I was just so shook by it. I couldn't even, like, it took me like five minutes mentally to recover from this. I was so embarrassed by it.

• 9:36Sam Parr?

  Well, you texted me, you said, uh, he said something to me that stuck in my head and it almost ruined.

• 9:41Shaan Puri?

  This is making me so hard. So like, I was trying to set him up for like, dude, uh, I learned so much from you. I was like, I learned so much from you. And, uh, one of the things you taught me was this cool little model during our first one-on-one, you were like, oh, hey, here's a, here's a good way to use, uh, like, here's a good way to like, format these conversations. Here's like a way to plug it. Like, here's a, here's a way to use me. If I was a piece of machinery, here's a manual on how to use it. And he's like, uh, you can come in and you can say one of three things. You can be like, hey, I'm doing this FYI. Uh, you know, here's my decision FYI. Here's my, the second one is, here's my, here's what I think we should do. Do I have your approval? Right? Maybe it's very risky. It takes a lot of money to do

• 10:22Shaan Puri?

  it. Third one, I don't know what to do. Can you help me? And fourth one is, last time we talked about this and here's where I'm at now. And like, that's the update. And I was like, that was really useful. Is that something that you figured out? Like, where'd you learn that? I was trying to get an sense for it. And he was like, he's like, yeah, that's really good for like mid-level managers. And I was like, oh, man. He's like, if you're a super seasoned exec, I guess I would do it differently, but that's really good for, you're not junior, but you're not like a super seasoned exec. And I was like, it was absolutely true. I'm not a super seasoned corporate executive. I'd never.

• 10:58Sam Parr?

  I think that's where the word, where the word mid has come from.

• 11:00Shaan Puri?

  Yeah, but I was like, I don't want to be mid level anything. Like you could be like, hey, what floor are you staying on? I'm like, I'm in the 19th floor. They're like, I thought he'll tell Keith said ninth. I was like, no, no, no, I don't stay in the mid level of nothing. I'm not, don't ever put me there. And so he burned me and I was like, uh, he didn't even, he wasn't trying to burn me. He was trying to be totally nice. But in my head, I was like, oh my God, I just got burned. And then for the next five minutes, I don't even know what he said. And then I came back to the interview after that.

• 11:27Sam Parr?

  Well, you should have brought that up. You'd be like, look, I can't get this out of my head.

• 11:30Shaan Puri?

  I should have. Did you just? You know, when you have that like compounding, social awkwardness where it's like, the thing hap- you know, uh, I'm checking into my flight. They say have a nice flight and I say, you too.

• 11:42Sam Parr?

  You too. Yeah.

• 11:43Shaan Puri?

  And then I'm like, oh man, I screwed up. And then you're like, what I should just do is laugh it off right now, like a smooth guy. And instead, you just pause, you eat it. And now it's like, oh, now it's been too long. And then you're kind of you're in your own head about it. So that's, that's what I did, uh, at least.

• 12:00Sam Parr?

  You, you accidentally called Emmett mom. You had one of those moments.

• 12:05Shaan Puri?

  I was like, what I should have is like 55 minutes later, but like, I just circling back to that mid level thing. I know you didn't mean that, right? Can you say that differently in a way that feels better to me?

• 12:16Sam Parr?

  Is he like genius? Is, is he like one of those guys?

• 12:19Shaan Puri?

  He definitely is. He definitely is. That's the other problem too. You can't even be like, ah, this idiot doesn't know what he's talking about. It's like, no, this genius knows exactly what he's talking about.

• 12:28Sam Parr?

  Is he working at Twitch still?

• 12:29Shaan Puri?

  No, he retired.

• 12:30Sam Parr?

  That's sick. All right. Well, maybe Emmett will be the new CEO of Twitch or, uh, Cloud or something like that. I don't know. What's, what's he gonna do now? Like go to Mars? I mean, he's like pretty wealthy now.

• 12:39Shaan Puri?

  Yeah, I think he's gonna do like, uh, you know, other stuff in life. We, we talked about a little bit on the pod, but I think he's gonna like. He wants to write a lot like essays and stuff like that. He was in the first YC batch. I think he looks up to Paul Graham, who was sort of a mentor for him. And then he really likes other people who have kind of like really contributed to like the intellectual discourse of the world. And I think that's what he wants to do for the next little period of his life, not go back and operate another company. He did that for 17 years, which is pretty intense.

• 13:05Sam Parr?

  And Paul Graham lives, I think, like as ideal life as one can, like he just like go. Yeah, I think he lives in England now with his family and he just writes an essay once a month and everyone just does what he says. You know what I mean? Like the whole, the YC Illuminati, they just, yes, sir.

• 13:23Sam Parr?

  So it works out well. All right. So cloud, I think is a cool idea, but what do you got?

• 13:27Shaan Puri?

  So restarting cloud. Okay. I think that's good. I think I got a different version of, of an idea that, that was similar, like similar, sort of professional services. Okay. So we've had Andrew Wilkinson on the podcast a bunch and Andrew is a fan favorite. And people I think like us really respect what he's done with Tiny. It's like, oh, Tiny, we buy businesses. We buy wonderful businesses, beautiful businesses. Right. It's a great little shtick and he's got a portfolio of, I don't know, 30 companies now at this point, and the whole thing is worth, I don't know, what's the stock worth today? Maybe $700 million or something like that.

• 14:01Sam Parr?

  Six to 800 on any day, on given week.

• 14:05Shaan Puri?

  Amazing. So amazing sort of bootstrapped venture. And he bootstrapped it because two of the businesses out of the 30 are the real crown jewels. Meta Lab, which is his design agency, and the other one is Dribbble. And Dribbble is a business that's very, very simple, which was, it is based on a simple insight. Every career needs its online resume, right? Every job that you're going to do needs a, a way for you to show what you're all about and get more jobs. And so for most jobs, we have like the catchall, the generic, which is LinkedIn. So LinkedIn is going to say, hey, just put a, put a resume up here. Just say what you've done and hopefully that's good enough. But for some jobs, you need something more special. So for example, if you're a designer,

• 14:50Shaan Puri?

  LinkedIn doesn't really help you stand out that much, but now Dribbble would let you go and post designs, so design shots. So like, just like screenshots or, or images of what you're designing as your portfolio, and it became a portfolio site. And so Dribbble itself is probably worth $250 million, I want to say.

• 15:09Shaan Puri?

  That's my

• 15:09Sam Parr?

  I'm trying to find the financials. I'm trying to find the financials, but it looks like in 2022, Dribbble did eight million in profit. But I'm pretty sure that

• 15:19Shaan Puri?

  It's like

• 15:19Sam Parr?

  Here it is. It did sixty, so in 2022, it did sixty two million in revenue with eight million in earnings. And because it's a network, that could definitely sell for four or five times revenue, depending on its growth rate.

• 15:34Shaan Puri?

  Yeah, exactly.

• 15:34Sam Parr?

  So it's pretty valuable.

• 15:35Shaan Puri?

  So I think two hundred, two hundred and fifty million dollars is probably what Dribbble is worth. Another friend of the pod, Scott Belsky, did the same thing with Behance. He created Behance, which is a place for designers to post their work to, is a sort of a community for those designers to comment on each other's work. But the business model was, if you want to go hire a creative, come to Behance. And so Dribbble and Behance both did the same thing. I think he sold Behance for what? A hundred million, something like that?

• 15:57Sam Parr?

  No, I think it was one hundred and seventy five, of which he owned sixty or seventy percent of it.

• 16:03Shaan Puri?

  Amazing. So where does that take me now? Okay, so where can you apply this Dribbler Behance model that needs it today? So Zuck, I think seven years ago, said something, he goes, "Video is a mega trend." And he goes, I was like, what, what's a mega trend? Is that like, he's not, Zuckerberg is not the type to just say like flowery words. Like when he says something, he's, he's part of the words mean things team. And so what's a mega trend? He's like, mobile is a mega trend. The internet was a mega trend, and now video is a mega trend. And he's like, basically, video, everything is

• 16:38Sam Parr?

  Who else is on that team? Who's also

• 16:41Shaan Puri?

  I sold that from Emmett.

• 16:42Sam Parr?

  That words mean things.

• 16:42Shaan Puri?

  Emmett calls it words mean things, and I saw him in many, many meetings, derailed the entire meeting because he was stuck, like, you said this word, what does, like, what does that word mean? And they're like, ah, I don't know, we all know, kind of, right? He's like, no, no, does it mean this or this? And then he's like, paint them, and he's like, no, because words mean things to me. And so if we're gonna use words, They're gonna mean things and we're gonna all agree on what those words mean so that we can have a productive conversation. And I was like, wow.

• 17:10Sam Parr?

  Well, it's a words means, uh, words mean things teams, otherwise known as serious people. You know, like, oh, he's, he's, he's a serious, he's, he's serious people. Like when they say a handful of words, you're like, I know he or she specifically chose that word. I love those types of people.

• 17:25Shaan Puri?

  He calls it, uh, words mean things versus team alliances. And I don't know what team alliances is, is, is there's a longer, uh, there's a longer explanation to that, but, um, he's like, you know, there's sort of like two, the way people think is in two, two teams. And one is like, oh, let's not get lost in semantics. And the other is like, semantics is everything. That's how we're, that's how we are going to communicate. Let's, let's not be weak about that. Let's, words mean things, let's agree on that. Anyways, so Zuck said this mega trend thing. And if you look at it, everything has shifted to video. So entertainment, Netflix, streaming, all that obviously gone to video. News is highly video. Education has become driven a lot by video.

• 18:08Shaan Puri?

  E-commerce is driven by, let's say, video ads and, uh, how you're going to display your product.

• 18:14Shaan Puri?

  Communication.

• 18:14Sam Parr?

  This stupid podcast.

• 18:15Shaan Puri?

  With Zoom. Our podcast, audio has become video.

• 18:19Sam Parr?

  We now have to, we now have to go to YouTube and I have to wear like a nice shirt sometimes.

• 18:23Shaan Puri?

  Yeah, I did, I wet my hair like, uh, you know, I used to do in school in the water fountain. I wet my hair before the pod, it was a quick little spruce up. So videos is mega trend, but where do you hire people that specialize in working in video? So where do you hire, hire people that are video editors? Or, um, or even like the auxiliary things like thumbnail artists or, uh, video strategists? Where is their behance? Where is their dribble? Where can I go see portfolios or like a news feed of people who did really cool animations? Or, um, cool edits, um, to a video and then be able to hire those people? As somebody who's hiring a lot of video people, I don't find this site. I think if somebody created behance for video, I think that that is a, uh, that is a big idea.

• 19:08Shaan Puri?

  Dribble for video, I think that is a big idea.

• 19:10Sam Parr?

  Completely agree. I 100% agree and I'll explain why. So I actually had a very similar topic that I was going to bring up. I was going to call it LinkedIn for X. And the reason being is I think, I think you told me about this. It's called Dox- Do- Dox- is it Doximidy?

• 19:27Shaan Puri?

  Doximidy.

• 19:28Sam Parr?

  Doximidy. So basically it's LinkedIn for doctors. You told me about it. So I didn't realize it. It's publicly traded. It has a four or five billion dollar valuation. It's a great business. So it's basically.

• 19:38Shaan Puri?

  Which by the way, let's put that in context. It has, I think, 2 million doctors. LinkedIn probably has, I don't know, 300 million people or something like that, hundreds of millions of users.

• 19:48Sam Parr?

  Fractions.

• 19:48Shaan Puri?

  And LinkedIn sold for 20 billion. Doximidy, you said, is at 4 billion. So it's.

• 19:53Sam Parr?

  No, 5, 4.8.

• 19:54Shaan Puri?

  5. Okay. So it's only four times less valuable than LinkedIn with 100x less customers, right? Because the value per customer is so much higher.

• 20:02Sam Parr?

  Yeah. And, and so I was reading about it and they had this term that I loved. They go, we, we're, we're, we launched this because we are always looking for digitally, digitally under indexed industries. And I thought that was a beautiful word.

• 20:16Shaan Puri?

  What's that?

• 20:16Sam Parr?

  Digitally under indexed.

• 20:17Shaan Puri?

  Do some of that.

• 20:18Sam Parr?

  And so what that means is basically communities of professionals who just aren't, aren't being catered to in a digital format. So you could say lawyers, you could say, um, I actually don't even know what else. I mean, there's a lot of them. You could, there's one, there's one for blue collar workers called Jobcase. And the reason why this interests me is at Hampton, what I'm noticing is that even though we didn't mean to do this, we're sort of becoming a little bit of a network, not quite a social network, but I'm seeing, I'm like, if we wanted to, which I don't really want to, we could make this like a, have you heard of Raya? You know what Raya is?

• 20:52Shaan Puri?

  Yeah, the dating app for hot people.

• 20:54Sam Parr?

  Yeah, it's like, well, I think they call it like elites or something, but it's like a paid dating app for like elites. So like the.

• 21:01Shaan Puri?

  For the facially elite.

• 21:02Sam Parr?

  Yeah, or, or, or the, the, the, the, uh, bank elite, you know, like if you have.

• 21:07Shaan Puri?

  That's what I'm actually gonna start saying. Instead of socioeconomic, like underprivileged, I'm facially underprivileged. And, uh, I've been able to overcome this, this adversity.

• 21:18Sam Parr?

  Yeah. Well, and this shit has gotten me really interesting because I think that what you can do, which basically what, how do you call it? Doc- Doxity?

• 21:28Shaan Puri?

  Doximidy.

• 21:29Sam Parr?

  Doximidy. What does that mean? That's some, see, you, you have to know how to say the word in order to even get in. It sounds like a drug.

• 21:35Shaan Puri?

  Forget words mean things. Sounds don't even mean things.

• 21:39Sam Parr?

  But this company, dude, so they're growing quickly. They're doing like 400 million in revenue, 150 million in income. So they've been profitable for years and they've built this LinkedIn for doctors. And I think it's a really good business. And what I've been really fascinated in, fascinated about is what type of niches can you build professional networks that are somewhat ignored? Because do you go on, do you go onto LinkedIn?

• 22:02Shaan Puri?

  Yeah, I use LinkedIn.

• 22:03Sam Parr?

  What does your inbox on LinkedIn look like right now?

• 22:06Shaan Puri?

  I just ignore the inbox mostly.

• 22:08Sam Parr?

  Exactly. Why do you do that?

• 22:10Shaan Puri?

  It's mostly, mostly junk and it's too much. Yeah.

• 22:13Sam Parr?

  It's crap. It's crap. The inbox of LinkedIn is horrible. No networking is happening there. And like, people mostly use it for resume tracking and things like that. But there's a bunch of jobs out there, like lawyers, like doctors, where it's a relatively small community, 2 million people, 3 million people. I think there's 2 and a half million lawyers in America. There's 2.1 million doctors in America. These are relatively small where you could have small, like circles that know 80% of the population on the network because I'm a friend with you, who's friends with you, and then now I'm connected to you. And like, it's small enough. And so I've been really fascinated, very similar to the dribble thing. Dribble is a little bit more resume and showing off portfolio work. This is a little bit more networking, but it's also resume.

• 22:58Sam Parr?

  I've been very fascinated by these businesses that do this. And the hard part, I think, with any social network is, it's like, what's the chicken and the egg problem, which is like, you know, it's not good unless we have users, but we don't have any users and we need users.

• 23:11Shaan Puri?

  Yeah.

• 23:12Sam Parr?

  But what I've noticed is that there's so many people, youngish people on TikTok, who are professionals that are crushing it. So there's like a bunch of dentists or orthodontists, people, tons and tons of chiropractors, like there's lots of like professional services that are going viral on TikTok. And if I'm in this position, which I guess I kind of am, where I'm thinking like, what else can we do Hampton for? I was like, man, I could totally partner with some of these like, and create a Hampton for doctors. But to do a social network, I was like, that's not in my skill set. So I'm not good enough to do that. But I bet if I could like convince some crazy person like Nikita Beer, or someone who knows about networking or networks, network effects, I think you could actually build a substantial sized business for niche professional communities,

• 23:55Sam Parr?

  whether they're paying a small fee to be part of it, or you build an ad network on it. But I'm very fascinated by these like niche communities for professional services that are more than communities, but like, like LinkedIn style.

• 24:08Shaan Puri?

  Yeah, I think these are super hard and when you do them, they're obviously very, very valuable. Any network is really, really valuable. Once you create it, but I think these are very, very difficult. It's really hard to have one idea, which is why, like, I don't think there's like 10 ideas like this. I think like right now, there might be one or two ideas of this that might work, which is why for the video one, I got excited because I think that it's

• 24:31Sam Parr?

  It's not a winner's take all.

• 24:33Shaan Puri?

  It's well, it's clear that there's an industry where you need this and that showing how good I am as a video editor through my paper resume is bad. So you need like, you need a paper resume to not tell the story. Then you need for there to be a lot of people in that industry and a lot of people hiring for that industry. That's the combo you need. And I, that's why I think that this sort of dribble for video editors is a multi hundred million dollar idea. Somebody would, uh, would pull it off.

• 24:58Sam Parr?

  All right. We kind of tag teamed that one a little bit. What, you want to go next?

• 25:02Shaan Puri?

  Here's a different kind of idea. So here's an idea that I think would be, um, it's not, doesn't require the internet. You could turn off wifi and do this idea.

• 25:11Sam Parr?

  I like that.

• 25:12Shaan Puri?

  It's not easy, but it's also not really impossible either. And it, so it's somewhere in the middle. Um, and also on the, on the upside, I think it's also like on the low end, you make millions of dollars a year. On the high end, you make tens of millions of dollars a year. So what if I told you that in San Francisco, I discovered a business that does $31 million in revenue locally here in San Francisco?

• 25:39Shaan Puri?

  No, no, no revenue outside of San Francisco. Uh, on that 31 million in revenue, it does about 11 million in profit and

• 25:47Sam Parr?

  And it's brick, it's brick and mortar?

• 25:48Shaan Puri?

  Brick and mortar.

• 25:49Sam Parr?

  Wow.

• 25:50Shaan Puri?

  And it has a hundred million dollars of assets on the balance sheet.

• 25:54Shaan Puri?

  You want to take a guess at what kind of business this is?

• 25:56Sam Parr?

  Well, it's one of the things you've had listed, but does it involve religion?

• 26:03Shaan Puri?

  It does not. No.

• 26:05Sam Parr?

  Oh, what is it?

• 26:06Shaan Puri?

  It is a private elementary school. So

• 26:08Sam Parr?

  No way.

• 26:10Shaan Puri?

  There are private elementary schools in San Francisco. So, so one, I looked at a bunch of them. Uh, the one, the one I think that does the best, or the one that I found that does the best is one called, uh, the Hamlin School. And it's based in San Francisco. It's a nonprofit. So you can see all the financials online, but you can see this for, for many of them. And um.

• 26:29Sam Parr?

  It's just for girls?

• 26:30Shaan Puri?

  It's a it's a girls only school K through eight, I think, and uh. Only four hundred fifty kids. So four hundred fifty girls go to the school. You pay basically a college level tuition. So parents pay forty thousand dollars a year to send their kid to kindergarten or first grade.

• 26:46Sam Parr?

  God damn, forty grand. Are you gonna do that?

• 26:49Shaan Puri?

  I'm not gonna do that. I'm out of the city now, but um. The there's a lot of people that do because they have a waitlist and hardcore admissions process. If you want your kindergartner to get into school, you have to dress up, go to the interview, prep them, be like, hey, don't make a fool out of us. We've been preparing you for four years for this. Come on. Perform, do the thing. And you send them in and they do an interview with them. Your your four year old does an interview.

• 27:14Sam Parr?

  Oh, I know this school. I used to play basketball and they have a sick basketball hoop uh over looking the city.

• 27:20Shaan Puri?

  Yeah, yeah, that's at the top of pack heights.

• 27:22Sam Parr?

  Yeah, yeah, yeah.

• 27:24Shaan Puri?

  And so there's a waitlist of parents dying to get in. And they own the buildings. They own the real estate that they are that they operate out of, which is why they have so much uh like so many so much value and assets on the balance sheet because they own like huge properties in the prime spots of San Francisco.

• 27:42Shaan Puri?

  So and I looked at a bunch of these. There's another one, Burks, and another one. There's a whole bunch of these that that exist. And they range from like, you could see, okay, twenty twenty twenty twenty one, how much revenue do they do? Okay, they did fifteen million or twenty million in revenue. Some are more profitable than others. So Hammond is particularly profitable, but the other ones would be like fifteen to twenty million in revenue and two million in profit. Still not bad, not bad at all. And they and they would have twenty five million in assets on the on the books. And you could see who goes there because they have to list who donates. So you could see the donations from different families. Oh, that's the Facebook executive and this person is a a famous author and famous movie producer and whatever, right? So there's a.

• 28:22Sam Parr?

  How much do they donate? Like, what's a big donation?

• 28:24Shaan Puri?

  The top donations are like low seven figures right now.

• 28:27Sam Parr?

  Oh, my God.

• 28:28Shaan Puri?

  You know, like they did like a, we're gonna renovate the school and they raised fifty million dollars to renovate the school. And that's donations outside of the tuition. So that's just just please give us money so we can have a better building and you get to we'll name the library after you type of thing. Pretty insane. So there's a huge number of people because the public school system in San Francisco i- is not very good or considered to be not very good. I have no idea what it actually is, but that's the reputation it has. So I think there's an opportunity to do the following. So, so the good for them. Now, what's the opportunity? The opportunity is if you were ambitious enough, you could look at

• 29:04Sam Parr?

  And if you cared about this topic, if you cared about this topic, you really got to care about this shit because this is going to be a head.

• 29:09Shaan Puri?

  I don't know. Debatable. I think you have to care enough. I don't think you have to like be born to educate. I don't think you're, you know, you have to be whatever. Miss Doubtfire here. Like, yeah, I think you have to be a smart person who is going to hold a standard, just like you would for any other business.

• 29:25Sam Parr?

  A man dressed as an elderly woman? You definitely don't have to be that.

• 29:29Shaan Puri?

  That's not, that's not required.

• 29:30Sam Parr?

  In fact, in fact, you can't be that, probably.

• 29:32Shaan Puri?

  When I think about what the most ideal teacher is, it's Miss Doubtfire. So.

• 29:38Sam Parr?

  A forty year old, recently divorced man.

• 29:41Shaan Puri?

  And she'll take care, she'll take care of you both at the same time. So, um, so there's all these commercials. So, commercial real estate is at like an all time low in San Francisco. There's empty buildings everywhere. Why? Because remote work, it was too expensive. And now these companies are basically just trying to get out of their leases. So on one hand, you have huge office buildings that are going vacant. And on the other side.

• 30:03Sam Parr?

  Is it totally dead down there right now?

• 30:05Shaan Puri?

  Uh, no, it's not totally dead, but it's the lowest it's ever been. So, you know, buy low. If that's your strategy, this is a good time to do it. So I think you could buy one of these commercial or industrial buildings and convert it into a private elementary school. Now, we're going to need a couple of things. We're going to need a name and a differentiator. On the name side, I got a few to throw at you. You tell me which one you like.

• 30:26Sam Parr?

  Well, but let's just go look at a bunch of old shipwrecks that.

• 30:28Shaan Puri?

  Bougie-est names I found. Here we go. Would you like your child to attend Windsor Oaks? Would you like your child to attend the prestigious Carrington School? That one's nice. And the other one is, oh, yeah, yeah, our daughter got into Thatcher Darby. And if your daughter gets into Thatcher Darby, you feel pretty good right now. So.

• 30:49Sam Parr?

  Well, are these just famous like streets in England?

• 30:52Shaan Puri?

  I just looked up expensive ass last names. That was my Google search. And then I found a list of a hundred. And then I started pairing two together, like Windsor Oakley and Thatcher Darby together. So I think I got some, some solid leads there. The other thing is we need a differentiator. And when I talk, so I have some friends who have kids that go to these schools. And I asked them, I said, what, what would you wish was different? And they're like, because I was like, you're paying a crazy price. I thought they would say something like price or teacher student ratios. And they said, they were like, no, no, look. These are all going to be expensive. And in fact, I'm fortunate I did well. The number one thing I want to spend on is my kids' education. If I, you know, if there was a cheaper school, I don't think we would switch. Because we would feel like, well, are we really going to try to go for like a lesser education?

• 31:37Shaan Puri?

  I don't know. This school has a waitlist. The price is not the problem. And I said, teacher-student ratio? They said, no, it's six teachers for every one kid. So on the 450 kids, they have 75 teachers to run this school that does $30 million a year.

• 31:50Sam Parr?

  You did it the wrong way. Six students per one teacher?

• 31:52Shaan Puri?

  Correct, correct.

• 31:53Sam Parr?

  Got it.

• 31:54Shaan Puri?

  Yeah, six teachers for one student would be insane.

• 31:56Sam Parr?

  That'd be weird.

• 31:57Shaan Puri?

  A little bit weird. You're surrounded. So, um, I said, what's the biggest pain point? They go, you know what? I hate to say this. I consider myself a liberal person, live and let live. But there's like an agenda in these schools and the agenda is like very woke. So, you know, like our kids in elementary school have like, they're being taught, um, you know, that there are like, you know, what is gender? You could be a boy, but you're a girl. They're like, I just don't want my like first grader to be thinking, oh, I could, I'm a girl, but I could be a boy. Like they don't really want that.

• 32:33Sam Parr?

  And this is at public schools, right?

• 32:34Shaan Puri?

  This is at private schools.

• 32:35Sam Parr?

  Oh.

• 32:36Shaan Puri?

  And so they're like, you know, and, uh, you know, there's just such a heavy in-influence. They said, you know, it's crazy. In our elementary school, there is, um, there are like, uh, clubs that are, you know, it sounds like what you would have at like maybe a very liberal college, but it's like, I don't know. I don't feel like that has a place in elementary school. Just let kids be kids. So the differentiator is going to be, hey, what happened to schools teaching math and science? Let's do that, right? That's what we're going to teach. We're not going to teach political stuff. We're not going to teach all these social issues, like they're kids, let them be kids. We're going to be a hardcore math, science, STEM education school. We're the best at that. No, no, that's what this is. That's what Thatcher Darby is going to be.

• 33:16Sam Parr?

  I love it.

• 33:17Shaan Puri?

  Hardcore math, science, and we don't subscribe to all, we keep the, the, the politics out of the school. That's, that's our only promise. You're here to learn and we're going to learn. These topics and we're not trying to shape your kids socially or politically in any way.

• 33:33Sam Parr?

  You and I have a friend who's got a, well, he's just turned, he just became a teenager, 13. And I said, Hey, uh, hey, Brian, how, how's school going? Uh, you know, it's about that age. You're, you're, you're liking girls, I bet. You, you, anyone you'll have a crush on? Uh, no, it's not really working out. Well, why not? He goes, they're all non-binary. And, uh, I was like, what? He goes, yeah, there's only one that's heterosexual, uh, and is cis or something like that, but the rest are non-binary and the girl I like is non-binary. So she said she can't be with me. And I was like, all right, well, that is a pain in the ass. I don't know what to say to that.

• 34:09Shaan Puri?

  Yeah, no advice. I have no idea what you're talking about.

• 34:12Sam Parr?

  Yeah. So what do you want to have for lunch? Like, it was like, i- i- i- it sounds really challenging. Honestly, most of the times generations will say, oh, you have it so easy. I had it so much harder when I was your age. Not true here. I do not envy a 12 or 15 year old in, in, in that, at that age.

• 34:31Shaan Puri?

  It's just so different, right? And I, I, I don't know if it's better or worse, not really saying that, but I do think there should be options in the market for what you want. Some, some people really, really do want their kid to be, exposed to a whole bunch of different issues and be a well-rounded human being and well-versed in a bunch of different issues. And other people are like, you know, I don't really want my kid thinking about that. I just really want them to have a good education, learning about math, science, you know, reading, writing, those things. And I'd like the school to do that. And I will handle the kind of like the outside of, of, of those, that curriculum type of education. So I'm not saying one's better or worse.

• 35:07Sam Parr?

  What's your phrase gonna be like? Well, where well-roundedness goes to die or something like that.

• 35:15Shaan Puri?

  Hardcore science machines. What we create.

• 35:22Sam Parr?

  We don't like, uh, standardized testing. We love it. So yeah, you've got something here.

• 35:27Shaan Puri?

  Diversity here is JavaScript.

• 35:32Sam Parr?

  All right, that's cool, but that's crazy that school makes that much money.

• 35:36Shaan Puri?

  Yeah, who would have thought? I didn't really think about like ever like, oh, you could create a school that that's school if it's doing, you know, you know, any of those schools, those are basically like somewhere between 50 and 200 million dollar assets if you were to sell them, maybe more if they one of them has 100 million dollars in assets on the on this balance sheet like.

• 35:55Shaan Puri?

  These are, these are very big businesses that are just one location, brick and mortar schools with 400 customers. That's kind of amazing.

• 36:04Sam Parr?

  Did I ever tell you about the time I was a telemarketer?

• 36:07Shaan Puri?

  No.

• 36:09Sam Parr?

  So at my high school, if you needed some money, the best job was to be a telemarketer. And what were we selling?

• 36:18Shaan Puri?

  For what?

• 36:19Sam Parr?

  Yeah, what were we selling? You ask? We were begging for money. And so what they would do is you'd get paid $10 an hour, but you'd get a commission and you'd get pizza. And I worked that job for a year, three nights a week. And what they would do is every time you'd sit down at your desk in the evening.

• 36:37Shaan Puri?

  They pay commission, salary and pizza, dear diary.

• 36:40Sam Parr?

  Yeah, that was the thing. It was like, I was 16. That was the thing. We had dinner. It was they had soda and pizza. And you'd sit down at your desk. I'd work. I worked there from like 3pm to like 8pm. You sit down at your desk and you have a phone and then you just have a box of note cards and on the note cards, it says how much the person donated previously, what their resume is, so where they worked and what their age is. And what you would do after, this is a little trick of the trade, you find the oldest person there who's got the best career or who has previously donated the most amount of money and you line those up and you just start calling them and you say, you know, hey, Mr. Hey, hey, Mr. Smith, this is a Sam at SLU, your alma mater. I know you graduated here in 1956. But look, things are going great here, but.

• 37:25Sam Parr?

  We need some money in order to build this thing or that thing. Can I count you down for a $5,000 donation? You did $3,000 two years ago, but times have changed, my friend. We gotta step it up. Like, you wanna be a man for others or not? Now's the time. And like, we would like, we had these scripts that we had to like, sell these guys on giving us money to build something. And I would bring in, I don't remember the exact numbers, but like tens of thousands of dollars a month in donations from these alumni. And that was my job, was just to call these guys constantly. And we would do, I don't know, maybe 100 calls or something like that a night, just trying to get this money. And you would get, like, if you brought in five grand, boom, you got $100. Like, that's what we did. And it was the greatest racket on it. I don't remember exact, no, we weren't making, because the money had to go to the school.

• 38:09Shaan Puri?

  Was this legal? Or was, like, you know, was there a janitor overseeing you? What was going on here? Who was running this program? I can't believe they did this.

• 38:15Sam Parr?

  The history teacher. Yeah, it was the history teacher. That was, that was like his side job. His side hustle was running the boiler room.

• 38:23Sam Parr?

  You know? He was the Jordan Belford and I was like the little, uh, the little scrum or the little scrub, just like, you know, smiling and dialing.

• 38:30Shaan Puri?

  He's like, you guys want some crackers? Yeah, yeah, crackers are for closers.

• 38:37Shaan Puri?

  Just on the phone, par.

• 38:39Sam Parr?

  Yeah, you're like, walk behind you like, Sam, is that a work call? Can you please, uh, can you please hang that up?

• 38:45Shaan Puri?

  Your finger's broken? Why aren't you dialing, par?

• 38:49Sam Parr?

  But that's what I did. It was awesome. I mean, don't you have that? Doesn't Duke, people call you? And usually what they do is, now what they do is, once you get old enough, they hire your friends to be the person. So like, if we went to Duke together, I'm gonna call Sean and be like, hey, Sean, you're like, been a minute. Yeah, so like, my high school now, I'll get texts from people who I was acquaintant, acquainted with and I'm friends with. And here's the kicker, they'll say shit like, hey, I know, I follow you on social. I know you're doing real well. How about we count you down for 5,000?

• 39:19Shaan Puri?

  Heard you had a baby on the way, you know? That, that maybe.

• 39:22Sam Parr?

  So it's like, do I flex right now? Like, cause I'm entirely driven by making my high school friends or my high school classmates, like, I want to be a big shot to them. That's right. Cause you know, I got made fun of. That's all, that's all I care about is, is, is bringing it back to them. But I gotta give five grand to this fucking school. They get me all the time. It's been working so effectively. But that's how these telemarketing things work. You don't get calls from Duke asking to give money. Ring, ring. Hey, it's Duke. Lose my number. Barking up the wrong tree. Never happening. Can't believe I gave you the money I gave you in the first place. Click. Yeah, man. It's like a pretty funny thing. But that's how I

• 40:00Shaan Puri?

  Have a multi-billion dollar endowment. You gotta lose my number. You're not calling me for money. That's bullshit, right? If my high school or something called me, all right, maybe. I hope they don't. But you know, I, I wouldn't really feel as aggressively upset as I do if Duke calls. If your number could also be a country's GDP, your, if your endowment could be confused with like a Caribbean country's GDP. Yeah. Yeah. Yeah. Yeah. We're out. Like, you should not call me. Yeah. Uh, that's too funny. All right. You want to do, want to do a couple more? What do you got? Yeah, I got some, I got some good ones. All right. Let me give you a quick. Wait, what, what, by the way, what is Duke's endowment? It's in the,

• 40:42Shaan Puri?

  I don't know, multi billions. Endowment size. 12 billion. Is it really 12 billion? And Duke's not even like a top, probably top 20 level. That's even there's a mid level Ivy. It's

• 40:55Sam Parr?

  a mid major. It's definitely a mid major. Not even a good school. I mean, is Duke top 20? It's top 20 for sure, right? Yeah, it is. Yeah. It, but is it top 20, you think in terms of endowment? Yeah, I think so. I think so. That is insane. Billions of a doll, billions of dollars in endowment. They could basically just run the school off the investment income.

• 41:17Shaan Puri?

  Oh yeah, totally. Uh, I'm surprised that more people, I'm surprised that anyone gives to these, to these schools. I don't understand at all. All right. So the top, yeah, it's in the top 20. So Harvard number one is 40 billion. Yale two at 30, Texas 30, Stanford 27, and then at the bottom of the top 20 is Cornell with 7 million. That's insane. That is insane.

• 41:41Sam Parr?

  Seven billion. That's, that's, that's ridiculous. Yeah. I don't know why those guys would be calling you, but I bet they do. They need your $50.

• 41:49Shaan Puri?

  Well, did I tell you about one of the really smart ideas was this thing called, uh, I forgot the name of the parent company. Ben, see if you can find it. It's, uh, they made this thing called Tower View Ventures. So one of the big streets at Duke campus is Tower View, and it's like the name of some magazine there or something like that. It's like a, it's like a reference to something we remember from, from school. And it's basically Tower View Ventures, who are raising money for, uh, for a venture fund to invest in alumni from Duke. It's like, oh yeah, Duke has really smart people. Um, so you know, we're going to invest in those companies. They've had these winners before Cameo and blah, blah, and blah, blah, blah. And they basically do this, they spin this up for every single top school. It's called, I think Alumni Ventures. And they just spin up small funds for every single school.

• 42:32Shaan Puri?

  And, um, and then they just run ads and call you, try to get you to donate, uh, try to get you to invest in their fund. And they're like, cool. We're just gonna have like, like, like Tower View Ventures. They have, uh, I guess started in 2019. There's, uh, you know, it's on Fund Five now for, for the Duke one. And like, I don't know how big these funds are, but like, even if they're like 10 million, 10 million dollar funds or 20 million dollar funds, you take 2% every year of management fees and 20% of carry across this times 50 other schools. It's like a pretty genius way to like pull on the hard straight of.

• 43:07Sam Parr?

  So it's a real business. But there's, are they, does the, the school give them permission to use their name?

• 43:14Shaan Puri?

  Well, they don't use the name. They say, we're Tower View Ventures and we're investing in Duke alumni. So they're not saying we're Duke's venture fund, but they very much make it feel like that. All the colors match. It's like, here's all your school colors. Everything is like, uh, uh, you know, based off that.

• 43:31Sam Parr?

  That's a scheme. That's a, that's a hardcore scheme, right?

• 43:34Shaan Puri?

  You could do that for Belmont.

• 43:35Sam Parr?

  Well, I mean, like, like a, a $50,000 fund ain't gonna go far.

• 43:40Shaan Puri?

  Do you think you're Belmont's most successful alumni from your year?

• 43:44Sam Parr?

  Yeah. Yeah. Uh, no, I got beat. You know who it was?

• 43:48Shaan Puri?

  Who?

• 43:49Sam Parr?

  Florida Georgia Line.

• 43:50Shaan Puri?

  What?

• 43:50Sam Parr?

  You know, that Florida Georgia Line, that band?

• 43:54Sam Parr?

  You've never heard of Florida Georgia Line?

• 43:56Shaan Puri?

  Territory that was annexed.

• 43:58Sam Parr?

  Dude, the Florida Georgia Line is like, if you go to your Spotify right now and like you look in the top 100 songs, I bet most years they have one or two songs in the top 20. Yeah, you know that song Cruise, like even Nelly made an appearance.

• 44:14Shaan Puri?

  I mean, you're just.

• 44:14Sam Parr?

  Dude, do you know who Nelly is?

• 44:16Shaan Puri?

  Would you like to pants me right now in front of everybody? No, I don't know who any of these people are. I know Nelly, but yeah, it's like Mike Posner was in my year and, uh, you know.

• 44:24Sam Parr?

  No, Florida, do you know Morgan Wallen? Do you know who that is?

• 44:27Shaan Puri?

  He's the shit. Love that guy.

• 44:28Sam Parr?

  They're more famous than Morgan Wallen.

• 44:30Shaan Puri?

  Oh, wow.

• 44:30Sam Parr?

  So I'm not, not, not, not to you, but they put, they helped put Morgan Wallen on the map because Morgan Wallen appeared on one of their songs. Anyway, they're like a Morgan Wallen famous band. So they might be number one. I think I might be number two, but you know what? They never fucking call me. I got mad at them because here's, let me explain why I got mad at them. My mom was going to come and watch me graduate, but I didn't finish school on time and I asked like the teachers or whatever. I was like, can you guys just give me like a fake diploma and just let me come on stage and not tell her and I'll finish it at another point. And they're like, no, it's a tradition. You have to, we have to literally hand you your diploma there. I'm like, just give me an empty folder. I don't, I don't just, I literally just want to be there on stage. Just let me have that empty folder and they wouldn't let me do it. And so forever I'll, I hate Belmont because they wouldn't let me just walk on the stage and just let

• 45:13Sam Parr?

  me shake that guy's hand and turn the fucking stupid beret thing to the side and they wouldn't do it. So I, I will always be mad at Belmont for that reason.

• 45:21Shaan Puri?

  Wow. What a, what a hell for them. All right. I guess I got a couple more. So, um, let me see where I want to go. Okay. Can I, can I just rapid fire for you some ideas?

• 45:30Sam Parr?

  Go.

• 45:30Shaan Puri?

  We don't even have to discuss them. Okay. Uh, exporting, you know, my import export framework, my import framework and export framework is, uh, if you're at a company and you wish something, you're like, dude, we would totally pay for this. That's a business idea you would want to import. You're better off going and starting that business because there's probably a hundred other businesses like you that would pay for that. Or export is we, we built this for ourselves and it's so useful. You're better off leaving the company and then rebuilding that on the outside of the walls and selling it to other companies. So here's.

• 46:02Sam Parr?

  Which is what Slack did.

• 46:04Shaan Puri?

  Um, yeah, exactly. Slack is a good example of this. Um. So Paul Graham tweeted this out the other day that like YC has its own directory internally about investors where any startup founder can go look up any investor and read their reviews or kind of like what's the scoop on this person? Have they done anything effed up? Are they really helpful? What's their, you know, what do we know about this person? And he's like, this is one of the best products that YC has. And I'm like, why is that a product only YC has? This should be a product that anybody has. So I think somebody should export this out. And it's like, yelp for investors where investors have a reputation on this, in this app. And it's all, you can only write about them if you had, you know, like, let's say,

• 46:48Shaan Puri?

  a verified interaction with them or something like that.

• 46:51Sam Parr?

  Dude, that's great. I think I wish I could have that for a variety of vendors. The things that people ask for most at Hampton is like, hey, who's a good lawyer? Who's at a good accountant? Who's this? Who's that? It's incredibly challenging to find reviews on vendors, including investors.

• 47:03Shaan Puri?

  It's super hard to start these types of businesses, but I think the startup community is so insulated that you could actually overcome the chicken and egg problem through brute force because there's not that many investors and you could find, you can quickly see who's worked with them just by looking at their portfolio. And you could cold email them and be like, give me the scoop. And I think you could manually collect the data to get this going. All right, here's another one. Teachers Pet is what I'm calling this. So this is my first AI idea for you here. So you're aware of Teachers Pay Teachers, which is a marketplace. It's like Etsy, but instead of buying and selling handcrafted goods, you buy and sell lesson plans, quizzes, things that teachers need. Teachers Pay Teachers. Have you ever heard of this?

• 47:45Sam Parr?

  We talked about it a while. We talked about it a while ago, right?

• 47:47Shaan Puri?

  It's a big business. So it was doing like $80 million a year in revenue. That's like their take, not the GMV. That's their, their take. And it gets like 20 million visits a month during school years. 300 teachers on this network have made a million dollars or more by selling lessons or selling quizzes or selling classroom materials to other teachers. So.

• 48:08Sam Parr?

  And like their new profile picture is like, fuck them kids. I'm a creator.

• 48:14Shaan Puri?

  So like, these marketplaces are big and marketplaces, for the most part, are pretty unassailable. It's very hard to go compete with something that has a network effect. I think AI is one of these things that might be able to crack some network effects. And I think AI could crack this one. So I think you could train AI to crawl and learn from all of the materials on this network. You can just go buy all the materials on this for probably like less than $500,000.

• 48:41Shaan Puri?

  And then you could use that as your training data and you could train AI to basically become chat GPT for teachers. So you, so any teacher should be able to come to this. And instead of going through and finding what's a good geography lesson plan and then going and buying it for $14, you just go ask this thing, hey, I need a geography lesson plan for fourth grade. Make it fun and interesting and it should just create one for you. So I think if you created this, you can have a $20 a month subscription just for teachers to create lesson plans using AI or quizzes or teaching materials or whatever.

• 49:12Sam Parr?

  Teacher's pet. That's a good name, too. Yeah. You want to, you have one more?

• 49:18Shaan Puri?

  I'm big on providing a name with some, with these ideas. Uh, I think that that really turns it from like a, I don't know, to like, where's the application form for Thatcher Darby? Like, how do I get in?

• 49:30Sam Parr?

  What's this? You just have this funny phrase that's for some reason funny to me. You call it an Ozempic on-ramp and then an Ozempic off-ramp.

• 49:38Shaan Puri?

  Yeah, so these aren't fully baked ideas, but I'll just spitball it with you. So when I was thinking about this, you know,

• 49:45Shaan Puri?

  you want to surf on waves if you're starting a business. So what's a wave you could surf right now? Ozempic, I think Ozempic is like, video is a mega trend, guess what? Fat loss is a mega trend.

• 49:58Sam Parr?

  Have you tried it yet?

• 50:00Shaan Puri?

  No, no, I haven't tried it, but um, I know a lot of people that want to be on it or get off of it or are on.

• 50:06Sam Parr?

  I got a guy. I got a guy, I could refer him.

• 50:09Shaan Puri?

  No, no.

• 50:10Sam Parr?

  It's expensive, though. It's expensive.

• 50:12Shaan Puri?

  Yeah, I'm not interested, but I know a lot of people are. So I guess the question is, um, what could you build around this Ozempic mega trend? So, um, my brain goes to on-ramps and off-ramps. How do you sell something to people that makes it easier to get it? Or help people get off of it? So for, for getting it, uh, if you go Google, just like, um, I don't know, like, how do I take Ozempic or like getting Ozempic near me? You get a bunch of like, kind of like sponsored links for like telehealth services that are gonna try to like, you know, sign up for this. Here's the pills, basically. What I think somebody should do is I think somebody should go old school with it. I think somebody needs to create a Ozempic hotline. And what's the Ozempic hotline? So the Ozempic hotline is old school infomercial shit.

• 50:57Shaan Puri?

  So you're gonna run ads on linear TV, on Fox News, you're gonna be the MyPillow guy. You're just gonna be everywhere that like, people who are like, you know, 40 to 60 are clicking. And or watching. And you're just gonna show people's transformations and Ozempic and be like, call in now to, you know, get a free consultation. Are you eligible? What are the upsides? What are the downsides? How much does it cost? Where can you find it? So confusing. We are gonna make it easy. We're gonna give you a free consult. And you basically just become a lead gen provider for people who are trying to buy Ozempic. But I think you gotta do like 1-800, like God Abs or something like that, right? Like 1-800, you know?

• 51:39Sam Parr?

  But that goes against all your principles, since you hate.

• 51:42Shaan Puri?

  Which principles?

• 51:45Shaan Puri?

  As I like to say, what values?

• 51:47Sam Parr?

  Well, we could find them somewhere deep in that closet. But I believe one or two of those principles, besides, which is coming out of left field, the fact that you said that you don't want to kill animals to eat that, that's such a curveball coming from you. But I think the other one was, I think you hate pharmaceuticals, no?

• 52:05Shaan Puri?

  No, I don't hate pharmaceuticals. I don't personally take, I don't personally try to take a lot of stuff. I try not to be dependent on anything. You know, as a general rule, like caffeine, I don't drink coffee. I don't do, I don't do a lot of stuff like that. You know, people take like, you know, I don't know, you, you love stuff. You're like, oh, I need nicotine, I need this, I need that.

• 52:26Sam Parr?

  I love carbonated water, zen, diet coke, yeah.

• 52:30Shaan Puri?

  So I'm, I try not to be on any of that stuff. But, but people are, this is a business opportunity. I'm not doing this. I'm saying, somebody could create a phone-based way to educate people and help onboard people. Or the other side, you could figure out an off-ramp. So, so a lot of people want to stop this. Either it's too expensive, or they're having side effects, or, or they just feel like they got the weight, weight loss they had, they don't want to keep taking this forever. How do you off-ramp? And I don't know the answer to that, but that's.

• 52:58Sam Parr?

  Well, I'll tell you the answer.

• 52:59Shaan Puri?

  A place to go, look, what's the answer?

• 53:01Sam Parr?

  You just don't take it. Nothing bad happens. You just don't take it.

• 53:04Shaan Puri?

  Yeah, but I don't, I don't allow people regain a bunch of weight right away or have like any sort of like, I don't know. Nothing, nothing that's this effective has no cost when you stop. I don't believe that.

• 53:14Sam Parr?

  Yeah. So basically the, the, when the, the study that they did was they took two or 3,000 people. They had them do it for six months. And then after six months, they had half the people quit taking it. And what they found was, uh, at the end of the 12 month study, uh, the people who took it the whole time, lost, um, something like a third of their body weight. So like a 300 pound person was 200 pounds. And then the people who quit taking it, they went from 200 pounds back up to like 230 or something like that. So they gained weight back, but they weren't nearly as fat as they were when they started. So they, but they did gain weight. But so, yeah, an off ramp is fine. But I don't think you have like, uh, withdrawals. Like that's not going to kill you. You're just going to like, be like, oh, I'm hungry. Like I want to eat again.

• 53:55Shaan Puri?

  Yeah. And maybe it's just like peer groups or something. I don't know. Is there something you could provide to this large group of people that all have now like one, they're going through this one new experience. And I don't know, there's got to be auxiliary things around it. That's, so that's a, that's a place I would look for business ideas. Um, all right. I got it. I got another one for you. I heard something the other day. They just really caught my attention. I think it's a cool idea, but it's being done in the wrong way. So I was listening to some podcasts, um, and the guy who was talking in it was like,

• 54:27Shaan Puri?

  yeah, I did mind sport and blah, blah, blah. And he started talking about mind sport. And I was like, mind sport, what a great name. What is that? And he was a really smart guy and he was talking about game theory and blah, blah, blah. And I looked it up and mind sport is essentially the nerd Olympics. So mind sport is a place that you go if you're uber smart and, um, you compete with people in those games. And so those games can range from chess to poker to sellers of Catan or Go or whatever.

• 54:56Sam Parr?

  Or like Rubik's cube?

• 54:58Shaan Puri?

  Yeah. Like, you know, if I was like, let's just put it this way. Sam, if I was to tell you, um, you know, that this, I could solve this cube in the next, you know, 90 seconds. You might not think I'm a genius, but you probably don't think I'm an idiot. Would that be fair?

• 55:14Sam Parr?

  Are you going to solve that right now? Is that going to be part of the show? Cause that would be great.

• 55:18Shaan Puri?

  I wish I could solve this. I have never even gotten close. I don't know what the hell you're supposed to do with this thing. I treat it like a fidget spinner. Let's just move it. And I'm like, oh, that's cool. I got two blues and three yellows. That's awesome. Good for me. I tap myself on the back and I move on.

• 55:37Sam Parr?

  So there's the Mind Sports Olympiad. They, you're in, you're in the special Mind Sports Olympiad.

• 55:44Shaan Puri?

  I'm in the mind jog. The mind's not moving that fast. So, so basically you go to this thing and you compete in all these games. Or you can be in your game, but you can also compete in the Pentamind Championship, which is where you're going to play five of these games. And I'm like, oh, my God.

• 56:00Sam Parr?

  I'm not even smart enough to know what Pentamind means.

• 56:03Shaan Puri?

  Coachella for nerds. And I was like, this is amazing. And I just, I cannot tell you, Sampar, how all in I am on the Mind Sport Olympiad. I want to go. I want to watch it live like I watched the Spelling Bee live on ESPN. I want to watch the Hard Knocks documentary about like, you know, following five of these people behind the scenes and watching them stress out about this. I want to adopt one of the kids in this and just have them be like, you know, my 17 year old child. And most of all, I want to hire all these kids. This is so awesome.

• 56:37Sam Parr?

  You're grooming them.

• 56:38Shaan Puri?

  I think they have a

• 56:39Sam Parr?

  Sean's a groomer.

• 56:41Shaan Puri?

  Wrong business model. This is not a tournament with prize money. And thanks to our sponsors, Wendy's. No, no, no, no, no. You've got this all wrong. This is a recruiting event for the elite minds under 25 years old. And I was like, this is bait to bring together the smartest nerds. In five years, these kids are not going to be playing professional settlers of Catan. They're going to be starting companies or working inside companies. And guess where I want them to work? My companies. And so I think that you should take this idea, create a version of this, but it needs to be a elite recruiting service slash job fair slash demo day for nerds. And you need to basically, when they attend, they need to basically somehow like sign over the rights

• 57:25Shaan Puri?

  for you to like send them job offers for the next five years or like, you know, get to invest in them or something like that. Because I can't think of a more valuable talent pool than the Mind Sport Olympics. And I actually think you could do this for gamers in general. I love investing. One of my secrets of investing is I invest in former competitive gamers. You know, people who were elite level at, you know, Starcraft or things like that. Those people just tend to do really, really well at whatever next game you throw in front, in front of them. And once you throw the money game in front of them, guess what? They solve it, they figure it out.

• 58:00Sam Parr?

  So there's this, listen, there's this thing called the world memory championships. Have you heard of this?

• 58:06Shaan Puri?

  No, sign me up.

• 58:08Sam Parr?

  And if, yeah, and so they've been doing this since nineteen ninety, nineteen ninety one. And there's a different game. So basically we're going to get you, we're, we're just going to give you thousands of numbers and you have five minutes. And you have to tell us like in order of the numbers. And the record for that is six hundred numbers and they only had five minutes to do it. The one hour number is the same thing, except you have one hour to do it. And, and the guy who won that did forty six hundred numbers in a row. He remembered that. And so they do these ten different games. And in the same way that the UFC used to be like this, like a bunch of thugs fighting, like it was like barbarians. But now it's like the, it's like, it's half WWE and WWF where it's like, you know, you slept with my wife. Now I'm going to beat you up.

• 58:51Sam Parr?

  And it's other half like your movement is, yeah, your, your movement is magical. Look at his movement, so smooth. This is peak physical performance. We need, uh, we need Dana White, you know, or a physically man to buy the world memory championships. And we got to make that great because I'm looking up the guy who won it. Alex Mullen, he's a, he's a kid or no, he's, or I guess when he won it, he was twenty eight. You know what he does for work now? He's an x-ray person at a hospital.

• 59:18Shaan Puri?

  X-ray tech.

• 59:20Sam Parr?

  X-ray tech.

• 59:22Sam Parr?

  Well, why is this guy not working for like?

• 59:24Shaan Puri?

  Brain is HIPAA compliant. What are we talking about?

• 59:27Sam Parr?

  Yeah. Why is this guy not working for like, you know, Black Rock or Blackstone, just like Rain Man in his way to like, you know, corporate buyouts?

• 59:34Shaan Puri?

  Same baby, undervalued assets. These are, these are hidden gems. Uh, I'm not all in on memory because I think memory is like the plugged version of the, the Olympiad. Like these other guys are like strategists, but like memory is, you know, any rube can do memory really.

• 59:52Shaan Puri?

  But, but if you're.

• 59:53Sam Parr?

  Dude, I can't even remember seven numbers, let alone six hundred.

• 59:57Shaan Puri?

  I can remember two thirds of any phone number.

• 1:00:03Shaan Puri?

  Yeah, so that's, that's one idea. Okay, I got a couple other for you. Let me hit you with, with one more, maybe, but we were out of time here, but I'm gonna, I'm gonna go into overtime here and give you one more. Let's do one around churches. Okay, so.

• 1:00:18Sam Parr?

  Something you know a lot about.

• 1:00:19Shaan Puri?

  Another area that I'm completely un, unversed, but I know that other people do it.

• 1:00:25Shaan Puri?

  Michael Girdly tweeted this out there the day. He said, 3,500 churches are closing every year. I said, huh, what's, what's that about? What, what is that? It's a big number. And it's not exactly right. Actually, like what happens is 4,000 churches closed last year, but like another 3,000 open or 2,000 opened or something like that. It's like a net change of 1,500 churches. But, but towards the negative. And there is a bunch of, there are a bunch of stats about this, so. In the, you know, in, in traditional churches, so the Christian, Christian churches, attendance is down 65% in the last 20 years, 65%.

• 1:01:00Shaan Puri?

  And what happens is when the pews are empty, there's less donations, so then these churches end up having to close down. And there's a trend, basically, they, they call them like, are you, are you Christian? Are you Jewish? Are you Muslim? What, what are you? And there's a, there's a group called the nuns. They're just none. I don't know why they're calling them nuns instead of like, sort of like atheists or whatever, like.

• 1:01:21Sam Parr?

  Wait, nuns like N U N or N O N E?

• 1:01:24Shaan Puri?

  Yeah.

• 1:01:24Sam Parr?

  That's all, that's, that's also confusing. When you said nuns, I was like, a bunch of ladies in like hobbits.

• 1:01:29Shaan Puri?

  Honestly, big slip up on their part.

• 1:01:32Sam Parr?

  Yeah, they could be the zeros.

• 1:01:33Shaan Puri?

  They did, they did survey them. And for Gen Z, I guess 45% would count as, as none of the above essentially for, for, for religion. And this guy who studies churches or whatever said that of the 350,000 Christian congregations in the United States, one third are like vulnerable, on the brink of collapse, basically, like one third are like in the red zone and over the next 10 years will likely close. That's a huge number. And what are the opportunities? So I think that there's, I think you could approach this from multiple angles. So, again, not a specific idea, but I do think. You could look at this, when you hear a stat like that, that's just, that's just one that gets your attention. Like when Jeff Bezos heard the stat that like, you know, the internet is

• 1:02:16Shaan Puri?

  growing at 12,000% a year. He's like, ah, I better go start Amazon. And basically, I think you could do that around, around stats like this. So how are these churches going to close down? That in itself, the sort of the vulture business, or the cleanup, the funeral business for churches, I think is kind of interesting. How are the, how, forget saving them. Help them, help them die with grace.

• 1:02:39Sam Parr?

  In my neighborhood, one block from my house in St. Louis, they turned a church into a condo.

• 1:02:44Shaan Puri?

  Right. Yeah, exactly. So then I found there's this group called Niagra Consulting Group. And they're basically like, we help you restructure your church. What do they mean by that? It's basically, look, there's a lot of developers that are chomping at the bit to turn this into luxury condos. Like, we help you try to succeed, but if you don't, we'll get you an offer from one of these developers to turn this into luxury condos. And I was like, oh, interesting. But in a lot of places, they can't even do that. Because it's like, you know, like, low, low income areas, there's not, they just sit there empty. So I think there's a lot of opportunity to figure out how to deal with this. I think there's opportunity, if I'm a company like Calm, could I take $50 million and just buy physical locations across the

• 1:03:27Shaan Puri?

  country in one year through these churches and just have a weekly service for meditation and whatever, like, even have like, like, you know, just local chapters, basically franchisees that are going to run them. So I think there's, there's something to be done here, whether it's trying to save them, trying to help them fail gracefully, figuring out what's a, what's a pivot you could do for a lot of these. I saw you just put a little link in here. What you got?

• 1:03:50Sam Parr?

  So that's, that's 10 doors down from my childhood home where my mom and dad still live.

• 1:03:55Shaan Puri?

  Beautiful church.

• 1:03:56Sam Parr?

  It's a church that they turned into a seven, 8,000 square foot house. And as a house, it doesn't look that cool. But as like, a meditation area, like, it does look cool.

• 1:04:09Shaan Puri?

  As an Airbnb, fantastic, you know?

• 1:04:12Sam Parr?

  Yeah. But like, it's $1.2 million, and it's 8,000 square foot. I mean, it's in St. Louis, Missouri, where I'm from, which isn't that nice. But they, this company renovated this church into like, a livable house. And then I met these other guys who turned one into a skate park. They turned an old church into a skate park. And so it's like, it is pretty fascinating, because a lot of these buildings are kind of cool. But to have like the Church of Calm, That's kind of dope.

• 1:04:38Shaan Puri?

  And then if you're gonna help them, I think this is gonna be a side hustle. So like church near us, they actually have like awesome events all the time. And I love to take our kids to it because it's like they just put on great events, wholesome, fun events for, for families and kids. But it's so hard to even know what the hell, like literally the only way I know is if I drive by, they have a little sign they put like in the front, like a for sale sign, but it'll be like, we're doing something this Saturday. It's gonna have popcorn and bouncy house. They're like, oh, I'm in. But I only catch it driving by. I'm like, these guys just don't know social media. And I had to call them to be like, hey, if I'm like an Indian dude who's not a member of the church, can I still come get the free popcorn? Like, you know, what's the deal around this? Are you like, your doors open?

• 1:05:18Sam Parr?

  They're gonna have like a color swatch as you come in, like, you're not white enough.

• 1:05:23Shaan Puri?

  Exactly. Like, do you need to have recognized me? You know, like, oh, how does this work? And so I couldn't even get a hold of them because I was like, they just have, they have like one old Facebook page with like, you know, an event from 2014. And I'm like, dude, churches need better social media. And I was like, I think you could just create like done, done for you social media services for churches. If you wanted to get like a 10 to $20,000 a month side hustle, I think you could just do that just by going to every single church, just walk in and be like, hey, your social media is not very good. I can make it look like this. And then you basically go on Sheppard, you hire somebody for $800 a month. And that person's gonna manage 20 churches' social media as for you because all the churches do, hey, it's the same schedule. It's every Sunday.

• 1:06:09Shaan Puri?

  Same templates. You just need their color, their name, and you need to know like what's going on for them. Like, you know, just manage the all of their Instagram and, you know, like social media accounts for them. So I think that's one that like, it's not that nobody's doing that, but there's plenty of churches that are not on board with that. And if you just wanted to go sign up a bunch of clients for $300 to $400 a month, you could do that.

• 1:06:32Sam Parr?

  Did you, do you remember this? So have you heard of a Hillsong? Like when I, uh, it's like Hillsong Church.

• 1:06:39Shaan Puri?

  Yeah.

• 1:06:40Sam Parr?

  When I was living in Tennessee, I've been an atheist forever, but I was just like, a lot of cute girls are going to this, I guess. I guess that's the price to be, that's the price I gotta pay. So I'll go to this thing. So I went to this thing to like meet some people. And that's how I kind of learned about it, but. For in the later 2000s, there was this guy who somehow infiltrated Justin Bieber's camp. And he like became Justin Bieber's like mentor. Uh, Carl Lentz, and there's a new Netflix show about him, but basically he's like, he's like, he's like a smoking hot guy, like, you know, he looks basically like Justin Bieber in his 40s. Like, he looked great.

• 1:07:18Shaan Puri?

  I don't describe most men as babes, but he's a babe.

• 1:07:21Sam Parr?

  Well, he's a babe. I mean, like objectively, like, you know, like you're either seven foot tall or you're not like, he's seven feet tall.

• 1:07:27Shaan Puri?

  I think I, uh, messaged you once about him and you were like, dude, he's got the thing. Like, you know, like the diagonal lines that just point to your crotch. It's like, it's like an ab line that you only have if you're super ripped. He's got those. What kind of pastor has those?

• 1:07:41Sam Parr?

  Yeah. If you're a pastor and you have that V, it's bad news. And as, as one could just look at his V and guess, he did some, uh, I don't know if he did any illegal things. I don't, I, I didn't, frankly, I didn't watch the documentary. I don't know. I don't think it was rape.

• 1:07:55Shaan Puri?

  He just cheated on his wife and.

• 1:07:57Sam Parr?

  Yeah. They just had sex with just everyone. So as one, as one with all the power in the V might do.

• 1:08:05Shaan Puri?

  He's, he's also super charismatic, super good looking. Um, has like, uh, you know, a huge following from being on stage in front of 10,000 people every week or whatever, you know? He's a mega celebrity. He was.

• 1:08:18Sam Parr?

  Yeah. He's a mega celebrity, but he made Hillsong cool. Like I even went to one of those things. Uh, because this girl I was trying to date was like, come to this thing.

• 1:08:26Shaan Puri?

  I love the music. Their music is great.

• 1:08:28Sam Parr?

  Yeah. So I went, I went to that thing just to be with this girl and it wasn't worth it. It didn't work out, but, uh,

• 1:08:38Sam Parr?

  but yeah, that's how I learned about some of this religion stuff. Dude, and where I'm from in St. Louis, all the Catholic churches are dying, man. They think the, all the Catholic schools are, are, are going by the wayside.

• 1:08:47Shaan Puri?

  One, one of the more useful things that I learned when I moved to Silicon Valley was a, a new way of looking at businesses that I hadn't really ever heard before outside of Silicon Valley, which is

• 1:08:57Shaan Puri?

  most products are actually a bundle, not a product. Most things are a bundle. And once you can identify what's in the bundle, you could figure out how to. Unbundle that service and make something better. So for example, Peter Thiel went on a spree where he was talking about how universities are a bubble, how the university system is overrated. He was going to launch the Thiel Fellowship, which would pay you $200,000 to drop out of school and do something useful with your life. And that's where Figma came from, and that's where Oyo Rooms came from. That's where, you know, Vitalik, the creator of Ethereum, was it? He was a Thiel Fellow.

• 1:09:30Sam Parr?

  I think there's been 10 billion dollar companies so far have come from it.

• 1:09:33Shaan Puri?

  Really? Actually, a very impressive track record. And so one of the things he said was that they're like, how can you, you know, it was, it was sort of like taboo to say like, you know, who says like, anything against school, right? Like, everybody's message is basically stay in school, kids. And he's saying, drop out of school, kids. And so they're like,

• 1:09:51Sam Parr?

  I'll give you money.

• 1:09:51Shaan Puri?

  How dare you? And he's like, well, the university is a bundle. He's like, it's partially education. So there are, there is education. It's partially socialization. So, you know, you go there to learn how to like, party and be with other kids and date and get drunk and all that stuff. It's partly babysitting. So it's basically, my kid's not old enough. They're not mature enough to get to the real world yet. Like, four years over here, let them simmer a little bit, then they'll be ready. He's like, it's partly insurance, which is like a societal insurance. Like, ah, look, I don't care what you do, just get a degree, get a college degree. Because that label, that stamp is going to be whatever. He's like, it's partly accreditation.

• 1:10:32Shaan Puri?

  So like, I don't care if you're the top student at Harvard, but if you got into Harvard, that's a signal that's strong enough for me as an employer to know that you're smart, right? Like, if I know you went to Harvard, it's a signaling thing. So he's like, you're actually buying all of these things when you buy into university, when you pay the crazy cost of university. And we have to ask ourselves, what part of that bundle is actually important? What part of the bundle is failing? Is this actually a weak part of the bundle that could be unbundled? And so what he did was he switched the accreditation one. He's like, cool. What if I created something, I have a brand, Peter Thiel, I invest in Facebook, I created PayPal. What if I handpicked, you know, forty of the most promising college kids and paid them two hundred grand to leave school?

• 1:11:13Shaan Puri?

  Now, I've, instead of having just like some normal school badge, which is good, you get the Thiel handpicked badge, which is even more elite. So I'm gonna like unbundled the university, give you a more elite badge. Um, and then I'm gonna get rid of all the rest. I don't care about the socialization, I don't care about the rest, I'm gonna be ten X better at this badge. And, uh, you know, like Y C is ten X better at university in certain things than in others. And so.

• 1:11:40Sam Parr?

  That's brilliant, yeah.

• 1:11:41Shaan Puri?

  So the question is, what is the church bundle? The church bundle is a combination of lecture for learning, community, a place to gather and congregate every week. It's just a peaceful place. Like, I like going to church. I used to go to church not for like, I kinda like the sermon, but I just love the feeling of being inside of a church. The aura of inside of a church was just very peaceful and grounding to me. So it's a peaceful place. It's also therapy slash confession, uh, so a place to get things off your chest. Um, and, and kind of with that is like being absolved of your sins, like just getting a clean slate. I was like, oh, okay, I feel less guilty. Um, you know, there's music, so some people go for the music vibes, some people go for the food, like Indian temples all have like free food.

• 1:12:22Shaan Puri?

  I don't know if churches have that or not, but like Indian temples, like a lot of people I know go because they actually like love the meal. Uh, but it's plus a good thing. Um, you show your loyalty to God. And so if you take this bundle of a bunch of things, also dating, I, I put, I put this on there, like, I know a bunch of people that like, they kinda wanna meet someone who has maybe their values or is like.

• 1:12:42Sam Parr?

  Right.

• 1:12:42Shaan Puri?

  You know, like.

• 1:12:43Sam Parr?

  Culture.

• 1:12:43Shaan Puri?

  Yeah, it's like matches in some way. And they're like, oh, this is better than going and trying to approach someone in a bar where it's noisy and I'm getting rejected. Like, ah, what if I, I, this is a new sort of like social scene where I can go approach somebody. All right. So I think one big, so the small version of this idea is like social media for churches. The medium version of this is like restructure these churches into condos or figure out some lead gen where you, maybe you, you help them as they wind down to sell off assets or something. The big version of this idea is figure out how you're going to replace the value that churches gave people, but you can do it in a new way. And so like, for example, could you create a new brand in these same venues that's around, I don't know, like manifestation or some shit like that, or meditation or yoga?

• 1:13:28Shaan Puri?

  Like, could you create a yoga franchise that only operates out of churches and is some blend of like-

• 1:13:32Sam Parr?

  That's cool.

• 1:13:32Shaan Puri?

  Religion and churches, right? Uh, sorry, religion and yoga. And like, I think those are the big ideas, which is replace the function of one of the, like be 10x better on one of those bundles, like 10x better on food or music or the sermon or absolving you of your sins. Like, you know, do, do try to be better at 10x better of one of those and then use the physical locations of churches to like build that new franchise.

• 1:13:57Sam Parr?

  That's a very, that was a good, that was a good speech. You did good on that one.

• 1:14:01Shaan Puri?

  Thank you.

• 1:14:01Sam Parr?

  We're gonna now, now we're gonna have a bunch of, we're gonna have a bunch of soul cycles on the altar, uh, which is a lot cooler than how it is now, but that was a good, that was a very compelling argument.

• 1:14:14Shaan Puri?

  Thank you. I sort of ventured into drunk ideas territory there, but I-

• 1:14:17Sam Parr?

  No, no, no, no.

• 1:14:18Shaan Puri?

  You know, a little bit.

• 1:14:20Sam Parr?

  Yeah, that was a good one. That was a good one. Uh, I'll let you, that's, that's the winner or dribble, the dribble shit is the, is the winner.

• 1:14:27Shaan Puri?

  All right, there we go. That's it. That's the idea episode. Uh, you know what to do. Do they just get all these ideas for free, Sam?

• 1:14:35Sam Parr?

  Well, they don't have to pay money.

• 1:14:36Shaan Puri?

  Oh.

• 1:14:36Sam Parr?

  But it's not for free. But so they don't suppose their wallet, but what do they have to do?

• 1:14:41Shaan Puri?

  Well, I think what they gotta do is go to YouTube, go to your podcast app, search my first million, and you gotta click subscribe. You gotta click that button for us, cause we're out here churning out million dollar ideas, billion dollar ideas, side hustle ideas for you.

• 1:14:57Sam Parr?

  On a Labor Day, no less.

• 1:14:59Shaan Puri?

  I don't, I mean, there's only one right move. There's only one way to pay us back. If that's what it is, go subscribe to the channel. That is called the gentleman's agreement. We're not gonna go check, we're not gonna, we're not gonna verify this. All right. It's honor code. This is a gentleman's agreement. We did it, we did our part, now you do yours. That's all.

• 1:15:16Sam Parr?

  All right. Thank you. That's the pod.

• 1:15:21Speaker 02

  I feel like I could rule the world, I know I could be what I want to. I put my all in it like no days off. On the road, let's travel, never looking back.