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Shaan Puri

@ShaanVP

13 Dec

1/ OK - Here's a free startup idea that can make ~$10M/year in profit.

No coding required. Just pure hustle.

If someone legit wants to run with it. I'll put up the cash - you do the work.

Here's the idea (and the numbers behind it)👇

2/ Let's create "The Combine" for youth sports.

This is a mashup of two things that parents are obsessed with:

1/ competitive youth sports
2/ standardized testing.

Let's break it down...

3/ Parents in America spend a small fortune ($20B/year) on competitive youth sports.

They pay for things like league fees, equipment, travel to tournaments, photos, coaches/trainers etc.

This starts as early as age ~6-8.

Read 19 tweets

Shaan Puri

@ShaanVP

4 Nov

Media predicted a landslide (wrong)

And most people who vote Biden feel like the vote should be closer to 100:0 rather than 50:50

1) How are all the experts SO wrong, AGAIN?
2) Why does half the country want to vote for Trump??

here's my 2c:

being wrong is usually a case of having incorrect assumptions.

I see 4 assumptions I think most people got wrong. Let's call these the 4 Myths:

Myth #1: People vote based on policy

Reality: People for the more charismatic candidate

Trump is the most charismatic candidate ever.

The more charismatic candidate usually wins (Trump, Obama, Bush, Clinton, Raegan etc.)

Television enabled this. Social media was steroids

Read 9 tweets

Shaan Puri

@ShaanVP

5 Oct

companies I coulda woulda shoulda invested in but didn't .. (aka the "greatest misses")

@calm

@calm - I am friends w/ @tewy & @acton and think they are ballers. probably could've invested at seed round (~$5M valuation). Now worth $1B+ easily. 200x+ return

didn't invest because I didn't consider myself an investor at the time

@clearbit

@clearbit - friendly w/ @maccaw - told me about it over lunch.

Seemed like a decent idea but I didn't fully understand it (still don't)....But I thought he was really clever (I remember a story about a 🍆 detection thing he built)

Shoulda asked to invest. now worth $250M+

Read 7 tweets

Shaan Puri

@ShaanVP

19 Sep

Putting up the bat signal.. 🦇

who wants to be a startup investor someday?

I want to give someone who's hungry a shot to learn by doing.

I just raised a rolling fund - and now have a few million bucks to invest into ~15-25 startups in the next year.

You can learn the investing process from A to Z.

finding deals --> vetting --> negotiating --> closing --> supporting

+ creating content to build the fund brand

let's start with the basics:

you get:
- 4 years of experience, in 1 year
- a piece of my carry (I take 0% management fees, so there's no salary)
- walk away with a portfolio of 25+ companies in your portfolio

you give:
- your nights/weekends hustling to invest in startups

Read 10 tweets

Shaan Puri

@ShaanVP

20 Jun

software is such a cheat code in the game of business. My first company was a restaurant. One of the worst businesses you can start (everyone told me this, but being young, I told them to kick rocks)

we tried building the "Chipotle for Sushi"

Here's the rule of thumb $s :
- ˜10-15% profit margins (if you survive)
- ˜$500k-$1.5M up front investment
- 6 months+ per new store
- need tons of employees, <15% employee retention
- spend 85% of time on the bottom 10% of stores

Plus the lifestyle.
- business runs 7 days a week, no holidays
- I still remember going to the fish market at 430am to get fresh ingredients, & washing dishes until midnight
- Hated the work (crappy feeling "this sucks, who can I pay $12/hr to do this for me?")

Read 14 tweets

Shaan Puri

@ShaanVP

2 May

the speech "you and your research" by Richard hamming is A+. I think it's a must-read for any person who wants to make the most of their time & talents.

My notes:

@_johnnydallas_

re: Luck - "there is indeed an element of luck..The particular thing you do is luck, but that you do something is not"

I was telling @_johnnydallas_ yesterday: "if you're a founder, every year you have a high chance of failure, but over a decade, you're almost certain to win."

"one of the characteristics successful scientists have is courage. Once you get your courage up & believe that you can do important problems - then you can. If you think you can't, almost surely you're not going to."

Read 21 tweets

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