About this Episode

Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) discuss:

Negotiation as a Service (NaaS)

  • The guys talk about (and maybe invent) a new category of business: negotiations as a service. The idea here is that there are certain big ticket items where a professional can negotiate a better price for the end consumer. 
  • Incentives matter, however. For a Realtor, getting a client a better deal isn’t always in their best interest. A better model: the negotiator gets a designated percentage if they are able to negotiate below a set price.
  • Idea: Applying a better incentive model to real estate or home financing. Paying a skilled negotiator a fee for reducing your interest rate can result in thousands being saved annually.
  • Idea: Salary negotiations for both employee and employer. 

NFTs 

CoinMarketCap

  • CoinMarketCap is a displayed of crypto prices. It's a simple idea that has been working.
  • When they delisted South Korean cryptos without warning on Jan. 7th, the move wiped out $100 billion of total crypto asset market value.
  • They were acquired for a rumored $400 million. The company only had 36 employees.

Check out today's sponsor: Ourcrowd. They make it easy to invest in early startups. Go to ourcrowd.com/thehustle to get started.

Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Editing thanks to Jonathan Gallegos (@jjonthan)

 

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