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Specialty shoes for nurses, erotic newsletter sells for $75K, high school newspaper for companies

Startup idea recap of My First Million podcast episode #115


Wes Kimbell

Sep 30 2020

4 mins read


Hey guys,

Here’s the recap of the latest MFM podcast, including timestamps and links to make your life easier. Enjoy!

12:35 Specialty clothing and apparel like shoes for nurses or clothing like scrubs

  • Ex-Nike guy makes shoes for nurses called Bala
  • Raised 750K in 5 days with some sort of fundraiser campaign
  • Shaan likes this idea. He’s looked into specialty scrubs as well called Figs
  • Figs scrubs sells for $38 to $40
  • Figs on track to make $100M in revenue in 2018…probably crushing it in 2020
  • Sam says shoes are challenging due to varying sizes needed for inventory
  • Figs was bootstrapped without funding Sam/Shaan said?
  • Sam thinks oil workers may needs specialty clothing. He thinks there are 500,000 of these workers. [from Wes: I know oil workers have to have special “flame resistant” clothing. There currently are a few companies that sells these like by Ariat]
  • Shaan and Sam think there may be opportunity for restaurant workers apparel as well

21:20 A company that provides workforce tools for certain workers like travel nurses and truckers

  • Rig Up is a company doing this for oil & gas workers
  • Rig Up is valued at $3 billion. Raised money from Andreessen Horowitz
  • Rig up provides digital workforce tools for oil & gas, renewables, energy. “Our network and digital solutions help energy companies scale faster – allowing operators, vendors, and contractors to work together seamlessly while reducing costs and risk.”
  • A way to hire, do safety, do on-boarding of workers, etc.
  • Sam thinks someone should do this for other workers like travel nurses or truckers
  • Hospitals have fluctuating demand for nurses. So travel nurses go city to city and work at a hospital for periods of time. They get paid a higher rate since they are working on demand and are flexible.
  • There’s a shortage of truckers so trucker companies are begging people to get certified and be hired as truckers. The turnover rate is 100% per year according to Sam
  • How could someone apply the “Rig Up” model to travel nurses and truckers?

23:40 Erotic newsletter sold for $75,000

  • Sold to a private buyer at MicroAquire marketplace
  • Geared to black women
  • Advertised on Porn Hub
  • Sam thinks this could be as big as Crunchy Roll which is a billion (?) dollar business
  • Someone just needs to find the next niche and get on it

28:10 Video streaming solution that can’t be recorded (leaked)

  • An app for “company all hands” meetings
  • Currently when Shaan conducts an “all hands” meeting he has to put together a bunch of apps to make it all work: SSO service, video stream, recording in case you missed it, a way to do Q&As…
  • Shaan’s idea was to make one app to do all this to make it easier
  • Due to COVID and WFO “all hands” meetings have gone digital.
  • Shaan says this has led to security issues like how Facebook employees have been recording FB’s all hands meetings and publishing them
  • This means employers, CEOs have to be careful about what they say on the digital all hands meetings

32:40 A high school newspaper for companies

  • When Jeff Bezos bought Washington Post he created something called Arc
  • Arc is a publishing system CMS
  • They pivoted with Arc and started selling to Morgan Stanley and other big banks to create a private, internal newspaper for the company’s internal memos, announcements, all hands meeting, etc.
  • Shaan wants to know how can this be “leak free” so no one publishes it.

36:00 Artificial intelligence for everyday tasks

  • Compose uses state-of-the-art machine learning to turn bullet points into polished emails
  • Synthesia CREATE is a powerful tool to create engaging video content without the need for actors, film crews and studios. You type in a message and the fake person reads it out on video.
  • These may be based on

The guys then go on to talk about how amazed they are by

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