52:47Behind-the-Scenes of Shaan's Power Writing Course | My First Million #204
From My First Million · Published Jul 5, 2022 · Watch on YouTube
TL;DR
The hosts discuss a dinner where a China-based exec with 8,000 employees argued America will not be crushed by China and recommended investing in American equities. They then explore multiple business ideas: a Solidity bootcamp for Ethereum smart contract developers, an unbundled YC-style fundraising course, and the economics of Shaan’s power writing course ($127k revenue, 320 students, $450 price
Key insights
- The dinner guest with 8,000 Chinese employees said Americans work as hard or harder than other countries and dismissed the “China will crush America” narrative, advocating for investing in American eq
- A short squeeze occurs when heavily leveraged short positions are forced to buy the asset to cover, causing a rapid price increase (e.g., Bitcoin’s recent $10k jump and the Tesla example).
- There is an extreme shortage of Solidity smart contract developers; a boot camp training existing engineers in six weeks could place them at high-paying jobs for a $20k–$25k placement fee.
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