3 millionaires reveal their super niche businesses
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
All right, we're back. We're playing Shoot Your Shot where we take Founders and business owners from the audience. Who get to sit in this chair right here. It's just their business. We have founders all the way from a million bucks to hundred million dollar businesses. So let's do it. Let's bring out the next founder.
He's smiling. First leather jacket on the pond. What's your name? Yeah, I'm Rishi. I'm one of the founders of Hot Play and we powered over a hundred million dollars of sales. For independent food entrepreneurs.
Okay. So the big number's a hundred million in sales. Yeah. Unpack that. Uh what does that mean? Totally. So Hot Plate is a platform that lets anybody sell food online. We work with like And with like small pop up bakers that like sell food at their house, all the way to like this guy who's an ice cream maker in Minnesota. It's Airbnb for food type of thing, right? Type of thing. Yeah, yeah. So we're starting right now as a tool that lets a seller who has like an Instagram following sell food directly to their audience. A lot of times those sellers are using like s you know, spreadsheets, Venmo DMs, like a hodgepodge of tools. Or they're using a platform like Square Shop. If I just isn't built for like pre order. But will they stay small? Is it like for the person who wants to stay as a small business? It's a really good question. So a lot of people think that like, oh you guys just work with like really tiny pop ups and eventually go to a brick and mortar. We actually have tons of six or seven figure businesses that are doing drops and selling food directly to their audience. I bought this uh
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