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Wealth-X

ultra-rich data business to rebuild

2 transcript mentions
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’19’20’21’22’23’24’25’262
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  • Shaan1 · 50%
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In the moments

2 linked receipts
Idea

Rebuild Wealth-X: a data business on the ultra-rich

Sam describes Wealth-X, which scrapes public records to build a database of the ~700k people worth $30M+ and sells access for $15k/yr. It did $12M revenue at $800k profit and sold for $20M; Sam thinks it's shockingly easy to copy.

“So they sold for $20 million in cash. They were doing about $12 million in revenue with $800,000 in profit. If I was the founder of this company, I never would have sold. They sell this to people for $15,000 or to other companies for $15,000 a year for subscription access.”

Steal thisAggregate scattered public records into a clean, searchable database and sell subscription access to professionals who need it.

EP 213 · 22:18 · SAM
Read at 22:18
mfmindex.com№ 0213-1338
Framework

'Data wants to be free': dig up muddy data and package it

Shaan articulates the recurring MFM model behind CB Insights and Wealth-X: valuable data exists in messy, scattered form, so you scrape it, clean it, organize it, and sell easy access.

“Data's there, it's muddy. We go dig it up, we wash it off, we rinse it, we polish it, we package it, and we say, here you go, here's that data you've been looking for. It was here. Like, yeah, you could have gone and got it yourself, but man, you don't want to go scrub through that mud. Well, let us do that for you.”

Steal thisFind data that's public but painful to collect, clean and organize it, then charge for the convenience of searchable access.

EP 213 · 25:45 · SHAAN
Read at 25:45
mfmindex.com№ 0213-1545