Noah Kagan
👤 PersonAppearances Over Time
Podcast Appearances
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Every billionaire has a few different things, but I'd say the two most common things between a millionaire and a billionaire, most billionaires picked one thing, just one thing. Let's just go. I mean, Bob Metcalf at Ethernet created the Ethernet, pretty big deal. John Paul DeJoy, he created $2 billion companies, Haircare and Patron Tequila. Michael Hudner did Ships.
Every billionaire has a few different things, but I'd say the two most common things between a millionaire and a billionaire, most billionaires picked one thing, just one thing. Let's just go. I mean, Bob Metcalf at Ethernet created the Ethernet, pretty big deal. John Paul DeJoy, he created $2 billion companies, Haircare and Patron Tequila. Michael Hudner did Ships.
And all of them just have one thing that they focused on and most of us are like well I'm gonna do real estate and I'm gonna do a little content and I'm gonna try to eat commerce business I'm gonna have a seven passive income stream. Yeah, I don't and so for me as I've gotten older I'm only doing app sumo.
And all of them just have one thing that they focused on and most of us are like well I'm gonna do real estate and I'm gonna do a little content and I'm gonna try to eat commerce business I'm gonna have a seven passive income stream. Yeah, I don't and so for me as I've gotten older I'm only doing app sumo.
It's like I have a book Oh my girlfriend and our baby that's number one and then it's like app sumo number two my business and then I yes I get to do YouTube which I love making content similar to you I have a book where I'm teaching other people how I did what I did. Yes, and I I love that they did one thing.
It's like I have a book Oh my girlfriend and our baby that's number one and then it's like app sumo number two my business and then I yes I get to do YouTube which I love making content similar to you I have a book where I'm teaching other people how I did what I did. Yes, and I I love that they did one thing.
I think the second thing that's probably not recognized is they're in billion-dollar markets. They're in billion-dollar opportunities. So what's a billion-dollar opportunity? Honestly, this is going to sound silly, but like lawn care. How many lawns are out there? You have a lawn? I have like a fake yard, yeah. It's a lot of water in California, so yeah. True. Do you have a pool? I do, yeah.
I think the second thing that's probably not recognized is they're in billion-dollar markets. They're in billion-dollar opportunities. So what's a billion-dollar opportunity? Honestly, this is going to sound silly, but like lawn care. How many lawns are out there? You have a lawn? I have like a fake yard, yeah. It's a lot of water in California, so yeah. True. Do you have a pool? I do, yeah.
Pool care. And how much do you pay your pool care person? Oh, 100 bucks a week. Weekly, yeah. So 400 bucks a month. Yeah. So that's $5,000 a year. You have 50 pools. It's like, hey, that's a million dollar opportunity. And then so you realize like pools and certain things like can be billion dollar markets.
Pool care. And how much do you pay your pool care person? Oh, 100 bucks a week. Weekly, yeah. So 400 bucks a month. Yeah. So that's $5,000 a year. You have 50 pools. It's like, hey, that's a million dollar opportunity. And then so you realize like pools and certain things like can be billion dollar markets.
And most people, and this is something I had to recognize through boring businesses, boring businesses is not, and it's not just boring. It's just billion dollar opportunities. Like, and John Paul DeGioia was a great one that I sound fascinating because he's like, find something that's in the reorder business too. So not just a billion dollar market, like shampoo, billion dollar market.
And most people, and this is something I had to recognize through boring businesses, boring businesses is not, and it's not just boring. It's just billion dollar opportunities. Like, and John Paul DeGioia was a great one that I sound fascinating because he's like, find something that's in the reorder business too. So not just a billion dollar market, like shampoo, billion dollar market.
But people need to buy your product over and over and over again. So I think there's something fascinating. A billion dollar market is a product that people need like pool care. Doesn't have to just be tech. I come from tech world, but there's a lot of different businesses out there to be creating. Like you can make money in a lot of different ways.
But people need to buy your product over and over and over again. So I think there's something fascinating. A billion dollar market is a product that people need like pool care. Doesn't have to just be tech. I come from tech world, but there's a lot of different businesses out there to be creating. Like you can make money in a lot of different ways.
And that's been also fascinating with talking to all these people. Yeah. From ships to basements. Like there's just so many different ways. Right. A lot of ways.
And that's been also fascinating with talking to all these people. Yeah. From ships to basements. Like there's just so many different ways. Right. A lot of ways.
Yeah, I remember him. The other person I think of when I think of success, I asked the founder of Strava. You know Strava? It's a cycling tracking app. It's like a social network for cyclists. Yeah, yeah, yeah. And this is the most unique one. I don't know. I don't think he's a billionaire, which is totally great. He's still doing really well. It's an amazing app, big business.
Yeah, I remember him. The other person I think of when I think of success, I asked the founder of Strava. You know Strava? It's a cycling tracking app. It's like a social network for cyclists. Yeah, yeah, yeah. And this is the most unique one. I don't know. I don't think he's a billionaire, which is totally great. He's still doing really well. It's an amazing app, big business.