Brainstorming $10M+ business ideas with Jess Mah

May 2, 2025 by Hubspot Media

"I'm destined for greatness. And I am not producing my best work right now."

"You have to get out of the building. You have to talk to people."

"Playing to win means I'm optimistic. I'm delusional about the future."

"I think ideas are really freaking important. If you have the wrong idea, you'd be a great team and you're screwed."

Jess Ma joins the podcast aboard a Citation CJ3 Plus, showcasing her passion for flying and narrating how tax strategies can make owning such an aircraft more feasible than most think. She reveals that tax efficiency can play a significant role in maintaining wealth and success, sharing insights on the benefits of leveraging multiple tax professionals for diverse perspectives and innovative solutions. The conversation then transitions into idea generation, where Jess opens up about her process for finding new business opportunities. This includes utilizing a structured approach inspired by Y Combinator's startup requests and brainstorming with various people rather than sitting alone in a room.

Throughout the episode, Jess reveals several business ideas, including 'Doge as a Service,' a platform that helps companies monitor employee productivity through AI, and 'Holy Health,' aimed at improving insurance access for healthcare providers. She asserts that collecting and sharing ideas is vital, despite her apprehension about revealing her thoughts. Jess discusses the realities of entrepreneurship, sharing her past failures and the lessons learned from her experiences. One significant story involves struggling during early business ventures, highlighting the emotional toll and the journey towards success. She stresses the importance of being open about struggles and the value of networking with other entrepreneurs.

The dialogue touches upon her current interests in healthcare innovations, particularly the potential of integrating bioelectricity and AI in fighting cancer. Jess expresses her belief in the need for creative and compassionate approaches to healthcare. She encourages listeners to connect with her via LinkedIn, sharing their business ideas and creative ventures as a way to foster community engagement.

Key Takeaways

Surrounding yourself with inventive people leads to innovative ideas.
Effective tax strategies can make owning luxury assets more feasible.
Embrace failures as learning opportunities in the entrepreneurial journey.
Idea validation comes from conversations with diverse stakeholders rather than solitary brainstorming.