Business idea · Education
In-Person Advisory Groups
In-Person Advisory Groups is an initiative to create in-person advisory groups for entrepreneurs in major cities, providing a platform for sharing insights and advice tailored to their business needs. It was pitched on My First Million, hosted by Sam Parr and Shaan Puri, in the episode "How Scott Galloway Turned $8M into $120M Through Investing" (aired May 16, 2025).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | How Scott Galloway Turned $8M into $120M Through Investing |
| Aired | May 16, 2025 |
| Category | Education |
| Real companies on the episode | Enjoy, Vertical Aerospace, Lannopartners, Dex Media, Mugick Capital |
The problem it solves
Entrepreneurs often struggle to find reliable advice and mentorship in a localized setting, potentially leading to poor decision-making in their businesses.
How it makes money
Membership or application fee for participation, possibly supplemented by fees for additional resources or exclusive events.
Skills you need
Facilitation, networking, knowledge of business strategies, and understanding of local startup ecosystems.
The market, and why this works now
Localized entrepreneurship is gaining traction as more individuals seek community support. Platforms like Meetup facilitate the formation of in-person advisory groups, allowing entrepreneurs to connect and share insights based on their unique challenges. A viable first-revenue move is to partner with local chambers of commerce to promote the advisory groups, leveraging their existing networks for member acquisition. However, a significant constraint is the labor intensity of organizing regular meetings and ensuring quality facilitation, which may require dedicated staff or volunteers to maintain engagement and value.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Enjoy
Enjoy is an electronic nicotine delivery system (vape) company that helps users quit smoking through vaping.
- Vertical Aerospace
A company focused on developing vertical take-off and landing (VTOL) electric aircraft.
- Lannopartners
A fund that focuses on small and mid-cap special situations in Latin America and Europe.
- Dex Media
Dex Media is a digital marketing and advertising company that originated from the yellow pages business.
- Mugick Capital
Mugick Capital is a distressed credit investment firm that specializes in buying claims against bankrupt companies.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: How Scott Galloway Turned $8M into $120M Through Investing
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.