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Billion Dollar Business Ideas For Life And Real Estate - Live Pitch Session w/Jay Samit

607 views · Published 9 February 2016 · 1:01:32 · Indexed 28 October 2026

Channel: Real Estate Uncensored · 2016 · Entertainment

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Billion Dollar Business Ideas For Life And Real Estate - Live Pitch Session w/Jay Samit

Jay Samit joins us again to judge the best business ideas we’ve come up with over the last 30 days. For those who watched Jay’s original appearance, Jay challenged us to come up with 3 problems a day and ideas to solve them. Today we pitch our best ideas and get live constructive feedback on how to improve our business ideas.

Takeaways + Tactics 

1. Every day write down 3 problems you might be able to solve 
2. Don’t nurture an idea - kill it every possible till you hit on a Zombie Idea
3. Scratch your own itch - some of the best product ideas were created by people outside of an industry solving their own problems

Jay explained a different approach to ideas, which is instead of nurturing an idea like a tender plant - you should destroy it. Knock it down until you have an idea that can’t be killed, THEN go raise capital. 

Greg is first up and pitched his idea for turning failing malls into inclusive condo communities with on-site done-for-services, restaurants, bars and other niche businesses. Jay pointed out that adding value by creating niche communities that cater to specific groups of people would work even better than a generic community.

Next up, Matt pitched his idea for a live training platform that connects experts with potential trainees. Jay had some great feedback based on his knowledge of the Groupon business model (and why it’s failing) and how trust needs to be baked into the platform. He also pointed out that this type of business idea is more attractive because it’s unlimited and has the potential to affect a larger group of people.

Next Greg pitched his idea for a music discovery and curation service that blends several existing technologies into one platform, allowing you to build customized playlists using different filters and transitions and share those playlists with others. Jay pointed out that most music discovery services have failed and that most of the underlying technology already exists in different programs, the challenge is integrating those technologies into one service.

We wrapped up with Greg’s final pitch, fragrant HVAC filters, and in a surprise upset, Jay gave the Dude trophy for best pitch to this idea because it solved a real human, visceral problem - unpleasant odors in the home. 

So take the 30-day challenge and start writing down three ideas a day for problems you could solve. Doing this exercise helps you to see the world in a different way - as a series of problems that can be solved instead of just obstacles to your happiness. In those 90 ideas could be the seeds of a billion dollar company.

Guest Bio

Jay Samit is a serial entrepreneur, intrapreneur, innovator and pioneer in the music, video distribution, social media and eCommerce space. His background includes stints as head of Digital Distribution at EMI, adjunct professor at USC, senior management roles at Sony and Universal Studios and taking the video chat service ooVoo to over 100 million users. He currently serves as the CEO of SeaChange Int’l, and recently released the book Disrupt You! 

Visit JaySamit.com to receive a free copy of the 40 page Disrupt You! companion workbook.

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