Stanford Students Pitch Us Their Startups For $3500 In Prize Money artwork

Stanford Students Pitch Us Their Startups For $3500 In Prize Money

My First Million

April 29, 2023

Episode 449: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) judge the second My First Million college pitch competition with students at Stanford University for a prize of $3,500. The future is being built from dorm rooms - find out who wins the cash!
Speakers: Shaan Puri, Bobby Housel, Ananth Veluvali, Sam Parr, Tom, Sohum, Michael
**Shaan Puri** (0:13)
All right, we're back. We had a little technical difficulty. We accidentally let the kids from Samford Community College in. Now we got the real Stanford in. Their computers work, their internet's good. They use Google Chrome.
Those other guys were on, you know, using Android or something like that. But we're ready to get started. First, a word from Bobby Firehouse, as I call him.
Your nickname is Fire because last time you came in with absolute fire, we almost couldn't tame you as you were on the podcast, but go ahead, give us the intro for this.

**Bobby Housel** (0:43)
Hey, what's up? I'm back. I'm the guy from the Michigan episode. We built our entrepreneurship community from Michigan to Stanford since we saw you last. It's called Entrepreneur Power Hour. We're changing how college founders meet. We're changing how angel investors meet these college founders. We're changing the game entirely.
We got Ananth here, he's our community lead over at Stanford.
Things are moving, we launched a syndicate, we're hyped, but today we're moving away from Michigan and we're meeting the Stanford Killers. And so I'm hyped to know if Passover or not. He's gonna get us rolling and introduce us. Love you.

**Shaan Puri** (1:16)
Bobby, I got a question for you.
Is it true what they say about the post My First Million bump, like for college kids, like are you getting kisses on the cheek around campus? Are you, do you get free lunch in the cafeteria?

**Bobby Housel** (1:31)
What was life like after you changed your life? My girlfriend was starting to get jealous. She's like, who's this? The female founders are coming out of nowhere, coming up and saying hello.

**Shaan Puri** (1:44)
We need the Conor McGregor clip where he goes, it's red panty night when you sign to fight me. You call home, you call your wife, you say, Conor McGregor made us rich, baby, break out the red panties. That's what happens when My First Million comes to your college campus. Baby, we've done it.
Sam and Sean coming to our campus, we've done it. Break out the red solo cups, baby, we've done it.

**Bobby Housel** (2:08)
It's either the angel and bastards or the female founders. I don't know who to worry about more.

**Shaan Puri** (2:14)
All right, so let's get started. Go ahead, go ahead, let's kick it off.

**Ananth Veluvali** (2:17)
Yeah, well, cheers, thanks so much. Seems like we're put in this business podcast running into a Riznus podcast.
Yeah, I mean, we got a great group of Stanford founders over here. Bobby's an absolute killer. Love that man dearly.
And I hope that you're gonna love the founders we have. Got a great community, we're building it out. So if you're interested in learning more, feel free to reach out to me. I don't wanna spend too much time re-entering. So I'll introduce our first guy, Tom. Tommy Pease, I like to call him. He's a hardware dude. He's actually the old head of the group. He's actually a master's student, doing a lot of cool stuff, but I don't wanna steal Tommy's thunder. So I'll kinda let him take things from here.

**Sam Parr** (2:51)
How old is old?

**Ananth Veluvali** (2:53)
I'll let Tom answer that, cause I actually have no idea how old, but 20 plus.

**Tom** (2:59)
I'm 24 you guys.

**Sam Parr** (3:00)
Greybush. You're a real greybush, my friend.

**Tom** (3:06)
Well, thanks for the intro, Ananth. Super pumped to be here.
Should we dive right into the pitch?

**Sam Parr** (3:14)
Yeah, the five minutes or two?

**Shaan Puri** (3:16)
I think we have, wait, wait, what's the timing on these? I think we did three last time.

**Bobby Housel** (3:20)
Somewhere like three or five.

**Shaan Puri** (3:21)
Three, Bobby's saying?

**Sam Parr** (3:22)
Let's do three.

**Shaan Puri** (3:23)
All right, here's the deal.
You got three minutes. You got one where we're not gonna interrupt you. But after that, we could just jump in at any time and interrupt you after that. Okay, so let's do it.

**Tom** (3:32)
Okay, keep that in mind. Cool.
So hi, Tom here, Transcriblass, and we're building wearable subtitles for the deaf, hard of hearing. Essentially taking your Netflix or YouTube captions and putting them heads up.
Hearing loss is a massive issue.
I used to be pre-med, so I guess if you met staffs at you all day, and that's what I'm gonna do, it affects close to half a billion people. It's twice as common as in cancer or diabetes, and it's growing. By 2050, one in 10 people will have a disabling hearing loss. It also is comorbid with a lot of things, including dementia, three to five times more likely to get dementia if you have hearing loss. Despite everything I just said, hearing solutions today are horrible. They're really expensive, two to $8,000 often out of pocket for hearing aids because insurance like Medicare doesn't cover them. The biggest killer thing for me, though, is that 75% of people who could actually use hearing aids use absolutely nothing. If you talk to anyone who has a hearing loss, who's tried a hearing aid, what they'll probably tell you is, hey, I bought it, put it in my ear, hated it, put it on the shelf, never use it again. Now, there's a really cool medical reason why, you know, people hate hearing aids more than glasses, but we don't actually have time for that. So what we do know about the deaf part of hearing people, like myself, is that we love caption. And what's not to love? They're really, you know, cost effective, incredibly accurate. Sorry.

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