DJ Equipment Price Arbitrage
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John describes a high school business where he bought DJ equipment in the United States and exported it to Australia for resale, taking advantage of price arbitrage between the two markets.
Key Points:
- Business Model:
- Purchase DJ equipment in US market
- Export to Australian market
- Profit from price differences between markets
- Timing: Operated during high school years
- Type: International arbitrage/resale business
Note: This was mentioned briefly as an example of early entrepreneurship, with limited additional details provided about the specific operation or scale.
53:29 - 53:38
Full video: 01:06:25JC
John Coogan
John is an Entrepreneur-in-Residence at Founders Fund. He regularly publishes YouTube videos about technology companies and Silicon Valley. He previously co-founded two startups; a nicotine company named Lucy and a food company named Soylent.