These AI-proof businesses can make you $10M/year
Sam Parr and Shaan Puri argue that paid communities like peer groups and dealer networks are AI-proof businesses. They then dig into big-spending whales, card ripping apps, mystery boxes and a Binance hack.
The gist
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Sam describes NATA 20 groups, where auto dealers pay about $6,000 to $8,000 a year to share P&L statements line by line with non-competing peers.
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Sam says Moda grew a 2018 Facebook watch group into 600,000 members, with vetted dealers paying up to $10,000 a year to post listings.
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Shaan says a tiny slice of big spenders funds many businesses, noting Candy Crush gets its revenue from 4% of 82 million monthly players.
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Shaan explains card ripping apps grew by offering instant buybacks on bad pulls, and a toy-maker friend saw 7x revenue from mystery boxes.
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Shaan says a $5 billion Binance hack outran its roughly $2 billion safety fund, and argues DeFi is overlooked, like prediction markets once were.
My First Million, Riley, Peter and Liam agree on 30 things
See what they all use, in their own words. Paid ads are left out.
See what they all swear by Or pick your own peopleAlso mentioned
1:28
NADA 20 Groups
· "NADA, I think it stands for National Automotive Dealer Association. It's a big association for auto dealers..."
4:06
White Coat Investor
· "It's a community of doctors, maybe dentists also, but I think it's mostly doctors. But it's for them to..."
5:46
BNI
· "I used to go to the YMCA and I would see them have their BNI meeting and there'd be like 30 people in the..."
11:59
Twitch
· "When I was at Twitch, same thing. Twitch has these whales... one of the best features they launched at..."
13:20
Candy Crush
· "Candy Crush has 82 million monthly actives and all the revenue comes from 4% of the players."
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