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My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Automated Wealth Tracking for High-Net-Worth Individuals

For: Successful entrepreneurs with multiple accounts and complex asset allocation

Buildability

The Problem

High-net-worth individuals have complex portfolios across multiple accounts, asset classes, and platforms, making it difficult to get accurate real-time overview of allocation and performance.

The Solution

Secure, automated platform that aggregates all financial accounts, calculates real allocations, tracks performance against goals, and provides quarterly portfolio review templates for peer feedback.

Why Now?

More entrepreneurs achieving exits, increased complexity of investment options, growing demand for financial transparency tools, improved API access to financial institutions.

Build MVP in 7 Days

Day 1

Simple account aggregation for major brokerages

Day 2

Basic allocation pie charts and percentages

Day 3

Manual data entry backup for complex assets

Day 4

PDF export for portfolio review sharing

Day 5

Basic goal tracking against target allocations

How to Validate

Survey Hampton/similar communities about current tracking methods
Build landing page offering quarterly review template
Manual consulting to understand pain points deeply
Interview 20 entrepreneurs about portfolio complexity

Revenue Model

SaaS subscription $500-2000/month for comprehensive tracking, plus premium consulting/review services.

Competitive Moat

Network effects from peer review features, superior data visualization, specialized focus on entrepreneur needs vs generic wealth management.

Risks to Consider

Security breaches could be catastrophicRegulatory compliance complexityLarge incumbents could easily replicate featuresMarket may be too small for venture scale