All these people started off at the bottom. The difference is they committed themselves with enormous focus toward accomplishing one thing, one product. Amazon, Google, Facebook. Each started with one product, grew their capital, and branched out to enormous behemoths. Take an idea, any idea, and work at and succeed with it. It can then bring capital that you can then direct toward more lofty goals and objectives. Start somewhere though. With commitment.
You are absolutely right and wrong at the same time. A lot of this is also luck and circumstances. The hard work and talent met luck and circumstances and made these companies.
@@Jeevanm71 What difference does it make if you aren't prepared when luck strikes? And we can't control when luck strikes, so why do we worry about it? With respect to the three companies named - Amazon, Google, Facebook - which of these succeeded on luck? Each one made a product that filled a specific need. If you're talking about luck to get the talent to invent the product to begin with, well that's getting into religion and why the universe was created to begin with.
I couldn't agree more! Above all, it's a contradiction in itself, on the one hand they want to convey the idea "we are so open, free thinking and future-oriented" and on the other hand they are applying this childish censorship.
You're the government. You need money. You engineer a stock market rise. People spend money. It raises economic output. You collect taxes. You then engineer a downturn in the market. You engineer an inversion of the yield curve. People sell stocks. You collect taxes. During the downturn interest rates fall. The government debt is easier to service. (You don't go into crazy debt expecting to pay it off.) You save everybody by printing money. That makes it easier to service debt. Rinse, repeat,...
@39:24 Sweat equity isn't new for Angels. The difference is that most angels typically prefer to find the places they want to work versus being told where they will work and how to split their time. A syndicate approach is worth contemplating, especially if they have a proven track record, but execution will be critical. I've always considered my differentiation is my ability to pick winners from a technical perspective and focus on them. Finding someone who specialized in selecting on other criteria would be beneficial to me.
I remember talking to David Eun in one of these VC/Startup conferences. He now sounds totally different. Sounds so corporate. Probably that's what Samsung does to you.
In a CNBC interview, he said he accumulated a position up to owning 5% of all BTC at one point with an average purchase cost around $100. We started unwinding his position when it went past the $10,000 mark.
@1:14:30 ; great question when Jason asks David for a TV app/functionality to hit the button "extras" and get the characters´ names, locations, etc...we thought the same in 2015 and we have created DIVE for you! (www.dive.tv)
@27:01 Rich people are getting out of cash. Why? Because POLITICS are inherently unstable. This one dude isn't going to change that. The fintech industry will evolve, and the institutional investors will jump ship as soon as they are allowed to (and that part is inevitable). Hearing Chamath being so aggressively against it makes me wonder about him as a visionary.
I like the bleeping ... my mind can imagine way worse s**t than he actually said and it is clearly attention-grabbing and underlines the emotion in his tone further ... if the words weren't bleeped I wouldn't even pay attention to it I think
Whatup with the beep beep, if there is a 4 years old watching & listening to this type conversation then i am totally a moron washed-up dude. I am gonna expect that my next boss is a 12 years old.
What doesn't Chamath understand about the ease of selling liquid tokenized assets? Very poor argument from him here on this front. I wish Jason had probed into this. F-bombs don't cover up poor reasoning.
Yeah, maybe he's defensive about ICOs it bypasses accredited investors and goes direct to consumer. I've been with him on everything else until this, but he has his own interests to look after too.
He bought 5% of Bitcoin before the term token was invented. You can be sure he thought deeply about digital assets. And that he won't pass up on the money if it's a real opportunity.
Chamath's just showing what success is. Take anybody on a rocket ship of success, big money. He has a short period to convey his message. I find the language abrasive as well, but is effective in telling you how (financial.y) successful people can become.
All these people started off at the bottom. The difference is they committed themselves with enormous focus toward accomplishing one thing, one product. Amazon, Google, Facebook. Each started with one product, grew their capital, and branched out to enormous behemoths. Take an idea, any idea, and work at and succeed with it. It can then bring capital that you can then direct toward more lofty goals and objectives. Start somewhere though. With commitment.
Good point.
You are absolutely right and wrong at the same time. A lot of this is also luck and circumstances. The hard work and talent met luck and circumstances and made these companies.
@@Jeevanm71 What difference does it make if you aren't prepared when luck strikes? And we can't control when luck strikes, so why do we worry about it? With respect to the three companies named - Amazon, Google, Facebook - which of these succeeded on luck? Each one made a product that filled a specific need. If you're talking about luck to get the talent to invent the product to begin with, well that's getting into religion and why the universe was created to begin with.
That is a recipe for failure. You should create a litmus test based on the idea that you’re actually pursuing...
What's up with the bleeping? I think we can handle a few curse words. :)
That's 1 hour well spent. Great speaker Chamath!
chamath is back baby
Chamath and Jason are on top of their game. its been a while since they did this.
I am so thankful for the academic liberty that TWiST fosters. This is valuable education!
of course he's brilliant ... he got 'MATH' in his name!
and very friendly too... coz "pal" in his name
bleeping? really? who do you think your audience is
devout puritans
its a booming user base
a 15-year-old child. literally
I couldn't agree more! Above all, it's a contradiction in itself, on the one hand they want to convey the idea "we are so open, free thinking and future-oriented" and on the other hand they are applying this childish censorship.
keeping it professional
I really enjoyed every interview and fireside I've seen from him.
You're the government. You need money. You engineer a stock market rise. People spend money. It raises economic output. You collect taxes. You then engineer a downturn in the market. You engineer an inversion of the yield curve. People sell stocks. You collect taxes. During the downturn interest rates fall. The government debt is easier to service. (You don't go into crazy debt expecting to pay it off.) You save everybody by printing money. That makes it easier to service debt. Rinse, repeat,...
I love your podcast. One complaint: please shorten the advertisement time.
@39:24 Sweat equity isn't new for Angels. The difference is that most angels typically prefer to find the places they want to work versus being told where they will work and how to split their time. A syndicate approach is worth contemplating, especially if they have a proven track record, but execution will be critical. I've always considered my differentiation is my ability to pick winners from a technical perspective and focus on them. Finding someone who specialized in selecting on other criteria would be beneficial to me.
Love it when he curses, the bleeping lol.
*Anyone notice the Drake - 6PM in New York instrumental?*
I remember talking to David Eun in one of these VC/Startup conferences. He now sounds totally different. Sounds so corporate. Probably that's what Samsung does to you.
add a button to repeat the advert (UX feedback to youtube)
YES!
I’m set 🤑 already, ready set GO!!!
Isn’t Chamath just describing taking management consulting and wrapping it up with fancy-sounding Silicon Valley jargon?
Isn't he basically describing a consulting firm?
Yes strongly agree with the comment below - why are you bleeping this - makes no sense what so ever - but thanks for the great vid!
Collar action!
Brilliant interview, Jason! When are you coming to LA?
That jacket though
Great talk. The ad part of the video is so annoying and takes too long. I forgot what chamath was even talking about.
He owns how much percent of Bitcoin?
Also Jason is getting better at interviews or he has a man crush on Chamath.
Owned. They are using that money to invest now.
I bet they would have made more value (money and been more useful to the society) if they didn't sell out
None. They sold it.
In a CNBC interview, he said he accumulated a position up to owning 5% of all BTC at one point with an average purchase cost around $100. We started unwinding his position when it went past the $10,000 mark.
No homo but I have such a man crush on Chamath. He's just so fucking cool! LOL #BestFriendGoals
hard work meets opportunity.
@1:14:30 ; great question when Jason asks David for a TV app/functionality to hit the button "extras" and get the characters´ names, locations, etc...we thought the same in 2015 and we have created DIVE for you! (www.dive.tv)
Great Episode
In a talk just about a year after, chamath shits on the very VC services he seemed to be big proponent of in this talk
his first point about investment surface and talent is so simple yet so true. Good chat!
He speaks - we listen
4:05
@27:01 Rich people are getting out of cash. Why? Because POLITICS are inherently unstable. This one dude isn't going to change that. The fintech industry will evolve, and the institutional investors will jump ship as soon as they are allowed to (and that part is inevitable). Hearing Chamath being so aggressively against it makes me wonder about him as a visionary.
Can't wait to watch this episode! I just invested in IPOA ;)
up .74 in a month.
Bleeping out perceived curse words is annoying. Please stop doing it.
He is right on target. Get back to basics. Stop the gimmicks
Good beeping....kids are around here....
Is it just me or does Jason look really nervous in this interview? He is making like 5 different facial expressions every second.
No need to bleep out the curse words, that's actually annoying. Nice material though.
I have a million ideas for businesses, I have been able to only implement a couple of them due to lack Documents and capital.
Let me connect with you.
smart
I like the bleeping ... my mind can imagine way worse s**t than he actually said and it is clearly attention-grabbing and underlines the emotion in his tone further ... if the words weren't bleeped I wouldn't even pay attention to it I think
One can just listen to the flow of intelligence coming from Chamath for hours! And is Jason on friggin drugs or something, lol
that leather jacket, though...
8:00 I'm literally building a business that does this. Lol
Check @32:59 😩😳😂
haha @ th-cam.com/video/3YMq_YFSaUI/w-d-xo.html
I think he's kinda just a younger mark cuban. Good not great.
Whatup with the beep beep, if there is a 4 years old watching & listening to this type conversation then i am totally a moron washed-up dude. I am gonna expect that my next boss is a 12 years old.
Shameless fucking LinkedIn plug..pro - tip. Just keep it short..like less than 5 seconds. You don’t have to say LinkedIn 50 times..we get it
What doesn't Chamath understand about the ease of selling liquid tokenized assets?
Very poor argument from him here on this front.
I wish Jason had probed into this. F-bombs don't cover up poor reasoning.
Yeah, maybe he's defensive about ICOs it bypasses accredited investors and goes direct to consumer. I've been with him on everything else until this, but he has his own interests to look after too.
He bought 5% of Bitcoin before the term token was invented. You can be sure he thought deeply about digital assets. And that he won't pass up on the money if it's a real opportunity.
Buuuuuuuu el hacker a titanes chamath palihapitiya
I admire Chamath’s abrasive views but the abrasive cussing is immature and a bit embarrassing
Chamath's just showing what success is. Take anybody on a rocket ship of success, big money. He has a short period to convey his message. I find the language abrasive as well, but is effective in telling you how (financial.y) successful people can become.
You must be British
Fuck you, i'm British and i find your sentence offensive ;)
World In A Nutshell ok Sam Goody Too Shoes. Go cover your ears and let the adults enjoy the conversation.