Episode of My First Million with Sam Parr and Shaan Puri.
Transcript
Note: This transcript was auto-generated from YouTube captions. It may contain errors and lacks speaker identification. A full Gemini audio transcript will replace this.
Kind: captions Language: en performed over 5,000 shows all over Silicon Valley for pretty much every big tech company we know he’s act welcome back hey Bret well we talked earlier this week about business models of businesses that you don’t always normally think of as businesses and this week you have a piece on a guy who’s a magician in Silicon Valley and tell us a little bit about his business model and what you learned about that sure so this guy Daniel Chan he brands himself as Silicon Valley’s favorite magician and there’s there’s some credence to that branding because he’s performed over 5,000 shows all over Silicon Valley for pretty much every big tech company we know and he has kind of this really interesting story of working his way slowly up the magic food chain starting which starts and he’s with these little library shows here and therefore you know 50 hundred dollars a pop and then you work up to the children’s birthday parties and then you work up to you know the executives home parties and then you work into the corporate parties so it’s a kind of structured chain in the magic world and you know once you make it can it can pay pretty decently but he’s one of many creative people we’ve been thinking about and talking to you recently who you might not think of when you first when you hear the word entrepreneur but they require every bit of every ounce of business savviness that it that a tech entrepreneur might require and they spend a lot of time thinking about their business models as long as well as their tricks and his his business model has been obviously disrupted because of what’s happened with kovin 19 so how how do you do magic tricks behind a zum-zum sort of camera lens yeah I mean a lot of magicians cooks you see it happening with a lot of other creative professions fitness instructors are pivoting to zoom obviously right now magic is tough because it’s a it’s a personal visceral thing there’s a lot there’s a slight of hand involved people kind of want the assurance of being there next to you to see the trick happen and when you introduce a barrier of technology it’s just another layer of the unknown that’s introduced to the trick you could manipulate things in thousands of different ways over zoom call so he’s had to kind of reject her his his routine and kind of go back to simpler tricks and things that you might be able to do it’s it’s kind of he brought up an interesting point which is magicians had to go through the same thing when they started doing television shows years ago so trying not to over complicate things and just finding different ways to present things to the audience and then on top of that there’s this other challenge which is that you know the unknown is a universal enemy right now just in general we the fact that we don’t know what’s going to happen with Kovac 19:00 we don’t know how it’s going to impact our future in our economy and magic is a celebration of the unknown so in in a poetic way he’s battling that that greater fear of the unknown and mystery also fascinating I’m looking forward to reading this and I know everybody else is - make sure you open your email on Sunday and you’ll learn a little bit more about how to do magic on zoom’ and a little bit more about this business which is really fascinating and how somebody as a solopreneur is adjusting to these really difficult times thanks everybody we’ll see you on Sunday [Music] you