On today's episode - A Breakdown of MrBeast’s $1.5 billion valuation and exactly what factors have allowed MrBeast to be so successful. Then, the team shares their strategies for coming up with ideas for new businesses, and Alex shares his most recent startup pitches. And finally, for Startup AMA we answer a listener question about best and worst hiring practices.
00:00- Start
00:26 - Intro
01:25 - The Rundown
02:12 - Mr. Beast’s massive wealth
04:46 - Alex’s estimation of Mr. Beast’s valuation
08:55 - What Alex thinks are the biggest risks to investing in Mr. Beast
14:41 - Tape of the first physical launch of Mr. Beast in New Jersey
14:55 - Lessons that entrepreneurs can take away from Mr. Beast
17:28 - How to come up with new business ideas
18:49 - Jesse’s approach to coming up with new businesses
19:04 - How Sophia came up with the idea for Nasty Gal
21:25 - Paul Graham’s advice for coming up with startup ideas
24:40 - Paul Graham’s graph for determining what’s a strong business idea
25:40 - Alex’s startup ideas
28:34 - Startup AMA - Best hiring advice and worst hiring mistakes
Mentioned in today's episode:
Paul Graham’s How to Get Startup Ideas http://www.paulgraham.com/startupideas.html
How to get startup ideas in 10 diagrams
https://www.ankle.io/posts/startup-ideas-diagrams
Alex’s 7 strategies to brainstorm startup ideas
https://twitter.com/businessbarista/status/1518594429808001027?s=20&t=UlHVnaWh-Ijn5txeZbOJzg
Hiring Decision Template
https://docs.google.com/document/d/1gNShgwq5QuGWT8-sb1a20Xf0Xl0pqR6h3SPn-oPAXfs/edit
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How Mr.Beast Built A BILLION DOLLAR Empire
