My First Million
Steph Smith: “This opportunity is totally overlooked”
April 14, 202641 min · 7,992 words
Show notes
Get Steph's database with 100+ stats that will shape the next decade: Episode 814: In this special episode, we’re pulling our best moments with the trends queen herself, Steph Smith ( ). — Show Notes: (0:00) Intro (0:44) Silver Tsunami (8:05) Sports (11:39) Mega trends (declining birthrate, air quality) (21:41) Nerd Neck (25:49) Nature (32:02) Breakup Spending — Check Out Sam's Stuff: • Hampton (joinhampton.com): My community for founders.
Highlighted moments
Four out of every five are run as for-profits and half of all the operators in the industry are clearing annual returns of 20% or more than it costs to operate.
“because Japanese people really care about status. If, let's say, they grew up in a poor neighborhood, their parents passed away, and then they've moved into, you know, a different social strata, they don't want to claim the house because they're like, I don't want to be associated with that neighborhood.”
“I think it's going to take a marketer for people to care. It's just going to take a marketer and a product design that puts it in your face and that educates you about this and kind of scares you about it but then says don't worry there's a solution”
“the elderly curve goes from today, right? Like kind of like the 2020, early 2020s, where it's under 1 billion. It's by far the smallest line to it's going to cross over the young population and be at, you know, by the end of the, where this has it projected, 2.5 billion.”
Transcript
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