#182 - How an Astrology App Makes $10m+, Why a Boxing Announcer is Worth $400m & Creating a Personal Monopoly


Manage episode 292502976 series 2523270
By The Hustle and Shaan Puri. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Shaan (@ShaanVP) and Sam (@TheSamParr) talk about an astrology app that has been creating controversy throughout Silicon Valley -- Sanctuary. VCs have come out against the app as pseudoscience, but the guys question their logic. These kinds of apps go into the bucket of "me-businesses" or businesses that tell the user about themselves. So from there, the guys brainstorm on ideas within this framework. The second half of the episode is focused on "personal monopolies" -- the concept of creating a big personal brand and monetizing it. We talk about a few people who have done it successfully and how you can too.


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Show notes:

* (5:42) The controversy behind an astrology app

* (20:18) Brainstorming "make-it-about-me" businesses

* (28:40) Shaan and Sam's "one-night stand" businesses

* (38:11) Why you shouldn't overthink your idea

* (45:21) Personal monopolies: Michael Buffer, Judge Judy, and Ryan Seacrest

* (54:57) Sam's Tim Ferriss story

214 episodes