Neer Sharma

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92 appearances 1 recordings 1 series first heard Jul 2024 last heard Jul 2024

Neer Sharma’s voice in public audio — every appearance, attributed to the second.

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The Startup Ideas Podcast · I can't believe he gave away these $1M+/year startup ideas · 10 Jul 2024 podcast

The last thing that I really look for is distribution hacks and formats. So for instance, if you can break the TikTok algo, then the scale at which products can grow is just so immensely huge. That's definitely like a big thing that I look for.

But yeah, that's generally the thesis.

So we can start top of the list if we want to just kind of work our way down. So the first idea was something called Baby Fund. And the principle of Baby Fund was basically a just giving for parents to raise money for their kids. And that money can only be invested in index tracker funds. And the idea is...

if you invest X amount of money and you maybe keep topping it up, by the time the child is 18, that money will be worth quite a lot of money. And the reason why I thought about it was a whole confluence of different things. So I'm at the age now where all of my friends are thinking about having kids or deciding, oh no, I can't afford to have kids.

And then you hear all of the discussions around the demographic worries in the Western world. cost of childcare, at least in the UK, is a really significant problem and something that is putting off a lot of millennial potential parents. So that kind of drew me to the problem in the first place. And the second thing I was thinking about was, do you know the idea of wedding registries?

Is that a thing that you guys have?

It's still definitely a thing. And a wedding registry is basically two people are going to get married. They send around a link to all of the, uh, all the people attending being like, here's a list of all the things you could buy for us, um, for our wedding. You know, it's a fancy plate. It's a nice spoon. It's a honeymoon. I've always really disliked it.

I've always kind of felt like this is a really stupid thing to do. Anyway, it happens. But the idea of it is quite interesting because you're crowdsourcing these people to contribute to your future as a married couple. So I was thinking, well, what about if you take that principle and apply it to money going towards a newborn baby and their future?

Yeah, the idea is really crowdsourcing money from parents and friends of parents to invest in that baby's future. And the money can only be used for investing in index tracker funds. It can't be taken out before then. It will go in the name of the child. And yeah, I think it's pretty interesting because I do what you say as well around like crawling into the subreddits.

And when you kind of crawl into the subreddits of like, you know, parenting and parents, just cost of that is a big worry. And also just, can I guarantee or can I provide for my child? Like, will I be able to ensure my child has access

a reasonable standard of living in 18 years and when i can't do that for myself like when i worry about my own standard of living in 18 years um you know the the probability that i could do it for my child is a lot lower so the principle is that um yeah yeah so when would

I was thinking the baby shower was a really good time to do it. Or is that when they're, that's when they're announcing like the gender of the child and all of that kind of stuff. I think, yeah. Okay. I think, I think the baby shower is a great time. I can definitely imagine.

um a link for the upcoming baby a qr code which can just be printed out and you know donate to our kids future or help you know help invest in our baby's future and everyone can just kind of donate 10 pounds 20 pounds um however much they want to donate and yeah here's how i think it should okay so i think the way it should work is it's kind of like partiful

And I think that, um, you know, I, I spent a lot of time in the, in the fire, like subreddits and the, there is something really interesting about that larger potential number, um, of investing into an index tracker fund that I don't think is really utilized that much.

And that's actually an idea, that principle inspired another idea of mine, which was anti-spend, which is the next idea on the list.

Okay, so anti-spend is an app that basically tracks the money you don't spend by being more thoughtful about your day-to-day spending. behavior. And the idea of it is again, um, this is something that I do. I'm generally a pretty cheap guy. Um, and there's always this mental maths that I, there's like mental maths game that I play with myself. You know, if I'm, Hey, if I make coffee today,

before I go out into town, instead of buying coffee from that cafe, I've saved myself like four pounds. And it's almost like girl math, but for a cheap guy. And I think what's really interesting is then, hey, if I invested that four pounds into the S&P 500 in 30 years time, that four pounds could be worth X pounds.

And I was just generally thinking, you know, there's a lot of, you know, there's, when we're making transactions, when we're making purchases, there's a lot of like thoughtless purchases, right? And a lot of these like instant dopamine hits. So one thing for me is when I get stressed, I... once a month, I'll just buy a pizza like from Uber Eats and it'll be terrible for me.

And it's like super expensive for what it is. It's like a shit pizza. And that dopamine hit from just pressing purchase is like, yeah, okay, that will do something for me. But really, it's just like a lot of money wasted for nothing. And usually those kinds of purchases are things that are not actually really good for me in the long run anyway.

So I think there's this like confluence of thoughtless purchases, usually resulting in something bad for me anyway, and that money could have been spent better. So what I really wanted to do is... can you create a dopamine hit from not spending money? So, you know, if I was on Uber Eats about to make that, you know, 20 pound pizza purchase, could I create an alternative

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