I Sold A Company For $800M At 29... What I’m Doing Now (#470)

Business Hacks

Jack Smith shares his innovative approach to business by exploiting non-obvious barriers to entry. He recounts how he hacked the iPhone to record its screen, a feature not available at the time, by purchasing devices, jailbreaking them, and returning them within the store's return policy. This hack led to the creation of a unique video ad network, offering proprietary video services that competitors couldn't match 1. Smith suggests similar opportunities exist with new technologies like the Apple Vision Pro, encouraging young entrepreneurs to explore these avenues 2.

You don't have to be the first mover to market to be successful in business, but when an entirely new product comes out, there are opportunities.

--- Jack Smith

His strategy emphasizes creativity and resourcefulness, turning simple hacks into substantial business advantages.

   

AI in Business

The discussion shifts to the role of AI in business, highlighting how quickly one can become an expert in tools like Mid Journey and Chat GPT. Shaan Puri shares his experience of using AI to streamline his e-commerce business, demonstrating the potential for significant time savings and efficiency gains 3. Jack Smith notes the rise of AI workshops, where individuals with minimal credentials position themselves as experts, capitalizing on the novelty of AI technologies 4.

You could become an expert in mid journey and chat GPT in like nine days.

--- Shaan Puri

This trend underscores the rapid evolution of AI and the opportunities it presents for those willing to learn and adapt quickly.