Drunk Business Ideas That Could Make You Millions

Podcast Summary

• Imagining a Long Distance Supportive Partner App: An app called 'Very Long Distance Girlfriend' or 'Boyfriend' could offer users emotional support and companionship through text messages, capitalizing on the popularity of dating apps and human tendency to judge and fantasize about relationships.

  The speaker proposed an idea for an app or service called "Very Long Distance Girlfriend" or "Boyfriend," which aims to provide users with a perfect, emotionally supportive partner through text messages. The speaker drew inspiration from observing couples during dating shows and noticing how people enjoy judging and projecting themselves into those relationships. The app would offer users the upsides of a relationship without the downsides, acting as a form of emotional support and companionship. The speaker saw potential in this idea due to the popularity of dating apps and the human tendency to judge and fantasize about relationships. The concept was rated on a scale of 1 to 10, with the speaker expressing excitement about the potential of this idea.

• Exploring Virtual Relationships in the Digital Age: Marketers effectively use social media optimization, engagement boosting strategies, and balance privacy and personalization. Virtual friendships through texting raise ethical questions.

  Technology is changing the way we form connections, with the potential for virtual relationships to be just as meaningful as in-person ones. The HubSpot 2,024 State of Marketing report reveals that marketers are effectively using social media optimization, engagement boosting strategies, and striking a balance between privacy and personalization with customers. However, the discussion also explores the idea of forming virtual friendships through texting alone, raising ethical questions about the potential implications of such relationships. This concept, while seemingly far-fetched, is reminiscent of science fiction ideas explored in shows like Black Mirror and films like Her. Ultimately, it's important for individuals to consider the potential benefits and drawbacks of such relationships and how they fit into their personal values and priorities.

• Needs extend beyond work life: Understanding diverse needs and preferences can help businesses cater to a wider audience and be successful

  People's needs and wants extend beyond just the professional or work aspect of their lives. During a discussion about a business idea that sends interesting content, the conversation shifted to the personal side of things. While some found the idea appealing for their work life, others, including the speaker, expressed that they wouldn't want to receive unsolicited texts from someone, even if it was just for friendship. The speaker also shared his desire for a luxury item, an emperor-sized bed, which he couldn't find an easy way to purchase. From these conversations, it's clear that people have various needs and preferences, both professionally and personally, and businesses that cater to these diverse desires can be successful.

• Considerations for selling large beds based on social media trends: Exploring various bed sizes and shapes, and addressing ergonomic needs, could lead to a successful bed business.

  There might be a niche market for selling large beds based on social media trends, but it's essential to consider the potential benefits and limitations. A larger bed might not necessarily lead to better sleep, but it could offer a more comfortable experience for some people. The size and shape of beds, such as California king, can also vary, and what seems large to one person might not be the same for another. Instead of focusing solely on making beds bigger, exploring other solutions like creating a kid or pet bed business could also be worth considering. Additionally, some people prefer sleeping with a pillow between their legs for ergonomic reasons, which is a common practice supported by science.

• Unexpected joy from new products, frustration with HOAs: Discovering new products can bring unexpected joy. However, dealing with HOAs can cause frustration and intrusion.

  Sometimes our initial expectations can be far from reality, but discovering new products can lead to unexpected delight. A man in Las Vegas had a long-awaited delivery of a pillow called Bb hugme from Scandinavia. Despite his wife's initial assessment, he found the pillow to be fantastic and even became a devoted user. The pillow, designed to form to one's body, was worth the investment, according to him. Another topic discussed was the frustration of dealing with Homeowners Associations (HOAs). The speaker shared his experience of renting a place with an HOA that had been harassing him over seemingly minor issues, such as leaving trash cans out and working out in the driveway. Despite his attempts to resolve the issues quietly, he felt that the HOA was being unreasonable and intrusive. The speaker felt that his actions were not disruptive and that the HOA's rules were too strict for his lifestyle. In conclusion, the unexpected joy of discovering a new product and the frustration of dealing with an overbearing HOA were the key takeaways from the conversation.

• HOAs: A Source of Frustration and Conflict: HOAs can lead to misunderstandings, feelings of unfairness, and frustration for homeowners due to ambiguous enforcement of rules and regulations.

  HOAs (Homeowners Associations) can be a source of frustration and conflict for homeowners, particularly when it comes to enforcing rules and regulations. The speaker in this discussion felt that the process of addressing violations through the HOA was ambiguous and unjust, leading them to consider unconventional methods like starting a "Petty Court" TV show or using unique methods to identify the complainants. The speaker also expressed feelings of being singled out and feeling a lack of freedom despite paying for the right to live in the community. The discussion highlights the potential for misunderstandings and feelings of unfairness that can arise in HOA communities and the need for clear communication and a fair process for addressing violations.

• Tech All Star Game: A Collaborative Event for Industry Leaders: Uniting top tech minds in a hackathon-style event could lead to innovative solutions and groundbreaking collaborations.

  There's value in bringing together the best minds in a particular industry for a collaborative event. The speaker proposes the idea of a Tech All Star Game, modeled after sports events, where industry leaders would participate in a hackathon to build something new and innovative. While some may see it as a waste of time or an award ceremony, the speaker believes it could be an effective way to unleash creativity and problem-solving abilities. The speaker also emphasizes the importance of collaboration and teamwork, suggesting pairing leaders with all-star engineers, designers, and product visionaries. The speaker's passion for this idea stems from the belief that technology is a sport in itself and that recognizing and celebrating the achievements of tech leaders could lead to groundbreaking innovations.

• The Challenges of Starting a New Project: Some people find it hard to start new projects despite their technical background, while others like Mark Zuckerberg can quickly adapt and build. Having the right mindset and resources is crucial for success in the tech industry.

  While some individuals, like Mark Zuckerberg, have the ability to quickly adapt and build new projects despite long periods of inactivity, others may struggle to get started even if they have a strong background in engineering. The conversation highlights the story of Michael Burch, who was once an engineer but found it challenging to build something new when put on the spot. The speaker acknowledges that they themselves have no technical knowledge and relied on drawing and explaining their ideas to engineers to create successful projects. The conversation also touches upon the rapid response of tech giants like Facebook to emerging competitors, as seen in Zuckerberg's creation of Facebook Poke in response to Snapchat. Overall, the conversation emphasizes the importance of having the right mindset and resources to build and adapt in the tech industry.

• The Value of Coding: While not required for success, coding offers unique advantages for creativity, problem-solving, and deeper understanding of technology. Envy towards developers can stem from their ability to bring ideas to life, but no-code tools and hiring developers are viable alternatives.

  Having the ability to code can provide a deeper understanding of technology and the possibilities it offers, even if it's not necessary to execute an idea. The speaker shares her experience of feeling left out when discussing coding with developers and expresses her envy of their ability to bring their ideas to life. She acknowledges that it's possible to hire developers or use no-code tools to achieve the same results, but values the creative process and lossless communication that comes with being the builder oneself. The speaker also wonders if great innovators like Zuckerberg, Spiegel, and Bezos would have been as successful if they hadn't had the technical skills they did. Ultimately, she concludes that while coding is not a requirement for success, it can offer unique advantages and opportunities for creativity and problem-solving.

• Success depends on opportunities and timing: Individual abilities are important, but success also depends on the opportunities one encounters and the timing of pursuing them.

  While individuals with high hustle and skills have a high probability of achieving success, the magnitude of that success is largely influenced by the opportunities they encounter and the timing of their endeavors. Using examples like David Karp and the creator of Meetup, it was clear that even with top-level hustle and skills, the opportunities they pursued limited their potential for massive success. The speaker also emphasized that even individuals like Mark Zuckerberg, who went on to create massive companies, didn't necessarily have a clear vision of the next big thing from the start. Instead, they recognized and capitalized on opportunities that presented themselves during their era. In essence, success is not just about individual abilities, but also about the opportunities one encounters and the timing of pursuing them.

• Imagining Historical Figures in Modern Times: Alexander the Great, Napoleon, and Edison might have excelled as CEOs or entrepreneurs in today's world due to their negotiation skills and organizational abilities.

  The lines between the past and present blur when we consider the traits and actions of historical figures if they were alive today. During a discussion, the speaker shared an anecdote about a man who enjoyed the intensity of ancient combat, wishing he was born in a different era as a gladiator. This led to a thought-provoking question: what would Alexander the Great, Napoleon, or Edison be like in today's world? The speaker also shared insights from an episode about Alexander the Great, highlighting his contract negotiation skills and organizational abilities, suggesting that he might have been a CEO or entrepreneur in today's world. The conversation then shifted to considering how historical figures like Zuckerberg would have fared in the past, leading to further intriguing questions. This discussion underscores the idea that people's abilities and characteristics transcend time, and it's fascinating to imagine how history's greatest figures would adapt to modern society.