billion dollar trend spotting by noah kagan
DESCRIPTION
A presentation I put together on businesses that got to a billion, things to look for and some tools to start yourself.TRANSCRIPT
Spotting the Next Billion Dollar Idea
@noahkagan
The Daily Raw Dog
“No wireless. Less space than a nomad. Lame.”-Slashdot
Farmville Game Guides
• 80 million / month players
• 1% are paying
• 5% convert to buying $10 guide
• Total available size: $400,000
Be Selfish
What services do you use every day?
My Other “Failed” Businesses
• Phatcast: YouTube based on bit torrent
• CollegeUp: College Craiglist
• BetArcade.com: Sports Betting Game
Global
• Make an assumption about the next 6 months
The Sexy Trap
• Applications:– Facebook– iPhone– Twitter
• iPhone has 50 million people.Only 70% of revenue.Capture 1 million on a $5 applicationRevenue opportunity: $3,500,000
Bottom line: Good to be the Godfather!
Priorities
– No meeting Mon / Fri
– The 10 / 15 rule
– Only Business Instant Messaging
– Phone saves time
– Email nazi
How much of your time is spent reading blogs?
Mohan Belani’s Screen
Web Tools
• http://tungle.me/noahkagan
• Google Forms
• Remember the Milk
• Instapaper
• Rescue Time
Books to Read
• Influence • Toyota Way• Predictably Irrational • Art of the Start• Paradox of Choice• Ultimate Sales Machine• Permission Marketing or Purple Cow