Community Reveals Business Opportunities

Sam and Shaan discuss finding business opportunities by identifying emerging trends through niche online communities, particularly those that are initially mocked or dismissed by mainstream media but later become widely adopted.

Key Points:

  • Find Niche Communities:

    • Search Reddit, Twitter, or forums for specific hobbies/interests
    • Look for dedicated groups of "freaks" deeply passionate about specific topics
    • Study communities that are living differently from mainstream society
  • Examples of Trends That Started in Niche Communities:

    • Intermittent Fasting
      • Initially mocked when Microsoft executives did it
      • Now widely accepted and practiced
    • Wearing Masks (pre-COVID)
      • VCs were ridiculed for wearing masks to conferences
      • Became standard practice globally
    • Meditation
      • Started as a niche practice
      • Became "the new yoga"
  • Current Emerging Trends to Watch:

    • Stem cell treatments
    • Blood platelet spinning
    • Gene editing
    • Advanced medical scanning (Mayo Clinic style)
  • Investment Strategy:

    • Don't dismiss unusual behaviors or lifestyles
    • Lean into understanding why people are adopting these practices
    • Getting in early provides investment advantage
    • Look for patterns of what Silicon Valley adopts before mainstream

The key insight is to identify and study communities practicing unusual behaviors before they become mainstream, as these often indicate future widespread trends and business opportunities.

01:37 - 02:02
Full video: 11:19
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Sam Parr

Host of MFM and fitness influencer

Sam Parr is a serial entrepreneur and business media pioneer.

In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.

Sam led the charge in making newsletters popular when few believed in their potential.

After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.

Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.

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