Smart Friends

Topics: (00:04:26) - Who are your influences? (00:08:57) - When Facts Expire: The Half-life of Knowledge (00:22:57) - The Playbook behind Boston Dynamics and DeepMind (00:28:36) - Research Orgs other than Academia, Govt, and Industry (00:31:00) - DARPA and Speculative Technologies (00:39:08) - Ink & Switch (00:41:13) - Challenges of University Tech Transfer Offices (00:47:42) - Transforming the future of Education (00:52:20) - Using AI tools in day-to-day life (00:55:40) - Sam’s job at Lux Capital (00:58:07) - Overperforming and Underperforming Technologies (01:02:33) - What mental models do you use most frequently? (01:03:45) - How to corner the market on a high-tech skillset (01:05:40) - Industries you’re watching that no one else is paying attention to? (01:07:41) - Sci-Fi book recommendations Links for more on Sam: Sam on Tedx: The Half-Life of Facts Sam’s books Sam’s Website Companies Mentioned: Boston Dynamics DeepMind DARPA Speculative Technologies The Foresight Institute Books Mentioned: Why Greatness Cannot be Planned by Ken Stanley The Three-Body Problem Trilogy by Cixin Liu Neal Stephenson Books Culture series by Iain Banks Babel by R. F Kuang Foundation by Isaac Asimov Don Swanson - Undiscovered Public Knowledge To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!

Links: David on Twitter Mitchell on Twitter Founders Podcast Invest like the best How to Take Over the World Hard Drive: Bill Gates and the Making of the Microsoft Empire Joe Lonsdale - Lessons from Peter Thiel Topics: (5:51) - David’s dinner with Charlie Munger (29:33) - The power of Podcasting, Chris Powers, and innovation (36:21) - How to make a successful Podcast (47:42) - The Scarcity of GREAT ideas (55:30) - Self-funding businesses and the philosophy behind Venture Capital (1:14:27) - Mitchell’s new business (1:55:53) - Travel plans, meet-ups and live events! To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!

Links: XBE Sean on Twitter & LinkedIn ChatGPT ChatGPT-4 BarelyKnown.com OpenAI CoPilot Ben’s Bites newsletter BaeKayla.com Support our Sponsor: Bread: https://www.madebybread.com/ Topics: (5:04) - Setting the stage: Sean’s company & programming background (20:38) - Part 1: Individual Contributor AI Applications: ChatGPT 4 (44:23) - Part 2: Product Improvement AI Applications (1:11:40) - Part 3: Organizational expectations post-implementation (1:21:26) - What resources would you recommend for people to learn more about AI tools? (1:22:55) - How do you view the landscape of your company given the advancement of AI? (1:26:50) - Will this cause margins to increase? (1:30:21) - How do you feel about the potential risks of AI? (1:36:14) - How helpful was your technical background in implementing AI? (1:39:24) - Where can people find you online? (1:40:07) - IF YOU ARE AN ELIGIBLE BACHELOR SEEKING A SMART & ENERGETIC WOMAN, LISTEN TO THIS SECTION To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!

Topics: (4:21) - Introducing Omar & Zach (nerds) (5:30) - Why will Web3 data take 100% of the market? (7:22) - What are data flows? (14:40) - Does the whole world need to be on Web3 to execute your vision? (18:02) - Is there a gamification to this whole approach? (25:05) - Are you seeing finance being the first industry to adopt Web3 Data flows? (34:29) - CryptoPoops.com (Finest shit on the internet) (36:02) - Being able to verify truth at any point (44:59) - The history of HTTPS (47:41) - The SVB crisis, wire transfers & chainalysis (50:09) - Can we implement something like Weavechain without replacing the skeleton of the current financial system? (1:01:15) - Distribution in Web3/Crypto & how Weavechain works in pharma and insurance (1:14:49) - Decentralized Science (1:17:35) - What is the 50-year vision for Weavechain? (1:25:42) - Who are the best people for you to talk to regarding Weavechain? Support our Sponsor: madebybread.com Links: Weavechain Omar on Twitter & LinkedIn Zach on Twitter & LinkedIn For Fintechsake Podcast Money20/20 To support the costs of producing this podcast: >> Buy a copy of the Navalmanack: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Helpful Links: The Rolling Fun(d) Al on Twitter Bo on LinkedIn Matt Loszak on Twitter Midjourney ChatGPT Portfolio companies Mentioned: FasterBetter Solve.io Sponsors: Athena: Get a free first month (Worth $3k!) when you sign up with my code: athenago.me/eric-jorgenson Listen and Learn more about Athena here: Creative EA Delegation with Athena on the Podcast Topics: (3:49) - Life Updates: Buying a cow, Sous Vide Bacon, and Eric’s book (13:44) - Faster Better & Athena (24:03) - Aalo Atomics (our first Nuclear company!!) (33:25) - Solve Data, The Brain for Ecommerce Cos (41:10) - Current fundraising environment & Artificial Intelligence (52:02) - Portfolio Updates (1:01:02) - Growth of the fund To support the costs of producing this podcast: >> Buy a copy of the Navalmanack: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: Bret Kugelmass on LinkedIn Last Energy Titans of Nuclear Podcast Energy Impact Podcast Marc Andreesen regulatory capture podcast episode The Energy Impact Center Decouple Podcast Invest your money alongside ours in high-tech, high-growth startups: Rolling.fun Rolling Fun Podcast episodes: Rolling Fun Ep. 1 Rolling Fun Ep. 2 Rolling Fun Ep. 3 Rolling Fun Ep. 4 Sponsors: Athena: Get a free first month (Worth $3k!) when you sign up with my code: athenago.me/eric-jorgenson Listen and Learn more about Athena here: Creative EA Delegation with Athena on the Podcast Topics: (5:42) - “The more nuclear meltdowns, the better!” (11:06) - Working with regulators on nuclear fission (12:10) - Making regulation capability a competitive advantage in nuclear (16:09) - Bret’s previous startup (drones) (22:14) - Starting The Titans of Nuclear Podcast (24:41) - The process of learning a new industry (26:27) - Factions inside the nuclear industry? (27:52) - Nuclear evangelist Dr. Chris Keefer (29:46) - How did you form Last Energy’s strategy? (37:26) - Avoiding supply chain risks in nuclear (42:59) - Perceptions vs realities of nuclear waste, and Cognitive Biases (44:29) - Public Opinion is more and more pro-nuclear (49:16) - How do you see the next 50 years playing out for the Energy sector? (51:42) - Renewables are fine, Nuclear is magic (54:14) - The beauty of Nuclear (55:37) - Hiring people without a background in nuclear industry To support the costs of producing this podcast: >> Buy a copy of the Navalmanack: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: Austen on Twitter Al on Twitter Bloomtech (Formerly Lambda School) Becoming Trader Joe by Joe Coulombe Rolling.fun Rolling Fun Podcast episodes: Rolling Fun Ep. 1 Rolling Fun Ep. 2 Rolling Fun Ep. 3 Rolling Fun Ep. 4 Creative EA Delegation with Athena on the Podcast Sponsors: Athenago.com MadeByBread.com Topics: (6:29) - Warming up & Austen escaping San Francisco (13:35) - Catching up on Bloomtech’s growth (24:34) - Hiring horror stories and strategies (37:02) - A lot of advice is bullshit (50:10) - How to deal with hypergrowth (1:00:05) - Will VR be a real thing? (1:05:43) - AI’s early investment in Bloomtech (1:13:32) - Bottlenecks for future growth (1:18:09) - Work/Life… balance? To support the costs of producing this podcast: >> Buy a copy of the Navalmanack: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: The Gray Lady Winked by Ashley Rindsberg Ashley on Twitter Ashley on Substack Ashley’s writing Sponsor: MadeByBread.com GiveWell.org Topics: (5:02) - The impact of Balaji’s love for your book (6:54) - When did you realize this book needed to be written? (10:35) - Rejected by publishers (11:44) - What changed? How did this get published? (13:51) - The research and writing process (18:01) - Examples: Holocaust, Fidel Castro, Vietnam, Atomic Bomb… (30:45) - Who is responsible for the failures? (34:45) - Is misreporting happening in other legacy media companies? (39:15) - Like a real-life ‘Succession’ (43:15) - Do people know about these lies? (46:04) - Ashley’s broad personal perspective (52:10) - How Ashley reads the news (54:27) - The future of legacy media (57:07) - Building Alitheum to solve these problems (1:04:58) - Final thoughts To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!

Links: Domo.so Grace on Twitter Mitchell on Twitter Domo on Twitter Jorgenson’s Soundbox #38 with Athena Jorgenson’s Soundbox #52 with Zach Pettet Sponsor: Athenago.com Givewell.org Topics: (5:21) - Introducing Grace and Mitchell (5:58) - Who are your heroes? (8:27) - How did you discover there was a need for Domo? (17:22) - How are you thinking about incorporating fiat-based companies with Domo? (21:18) - Who are the customers for this and how would you get accounting done for this? (25:41) - What kind of real world applications do you envision for Domo? (31:49) - Is invoicing one of the bigger features? (32:22) - How did you start the company? (36:44) - DAO Tooling (37:43) - Domo’s ability to build horizontally or vertically (40:53) - The decades outlook for crypto & blockchain (54:03) - How differently do these chains behave? (58:32) - Has anything gotten measurably harder at the end of 2022 vs. the beginning? (1:00:35) - Are you getting inbound interest from accountants? (1:03:57) - What is the next step to getting crypto bookkeeping to the ideal person? (1:08:20) - Grace’s experience hiring with Athena (1:13:10) - Manifesting the crypto future (1:15:18) - How can people reach you? To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: Ambiologix Rolling Fun SBIR requirements Participating governmental agencies State funds for SBIR Topics: (6:00) - Maria’s origin story & the founding of Orbis (12:03) - What is this technology? (13:46) - What was Corey’s breakthrough? (16:06) - How many months of burn did you have from the seed round? (17:42) - What was the process of running down your first 4 contracts? (18:49) - When did grant funding come into the picture and how do people go about getting this type of funding? (27:51) - What happens to your options when you secure a phase 1 grant? (30:10) - What was your experience pursuing these sources of funding? (34:00) - What are some of the technologies you see coming into contact with grant funding? (35:44) - How and where are you submitting requests for grants? (37:03) - How are proposals filtered through the acceptance process? (37:55) - How often is the motivation for funding so that agencies can become customers? (39:38) - How much of your funding came from equity investors and then from grants? (44:47) - How long does it take from start to finish in order to secure grant funding? (48:15) - How many times the funding in a deck come down to minute details within a proposal? (49:58) - What process do you walk entrepreneurs through when they want to work with you about securing grant funding? (55:56) - How do you think about acquisition coaching? (1:01:35) - What was your experience being acquired? (1:05:27) - How can other founders position themselves for a sale? (1:07:07) - How do you think about managing a team through an acquisition? (1:08:59) - How did the licensing inflection point tie into the acquisition? (1:11:58) - What are some facts from your industry that would blow people’s minds? (1:13:55) - How far can this technology go? (1:14:47) - What happens to an IP of a technology like Orbis? To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: Rolling Fun #1 Rolling Fun #2 Rolling Fun #3 Portfolio Al on Twitter Bo on Twitter Positive Food Co. Omella Tonic Audio Stell Engineering NSION Gently.com Glyph Terran Robotics Topics: (5:34) - Crypto has imploded, thanks FTX! What’s the long-term play? (21:00) - Life and news updates (23:20) - Q4 Investment updates (1:01:00) - Elon and Twitter (1:06:22) - Discussing the pros and cons of an uncapped Convertible Note and investment philosophies (1:31:27) - Fund Growth Updates >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Links: Zach on Twitter & LinkedIn Money 20/20 For Fintech’s Sake Podcast TripleBlind Rule 1033 Propel Trafficked with Mariana Van Zeller Topics: (4:25) - Recap the last episode with Zach and Eric (5:34) - Fintech Industry Overview (15:21) - Money 20/20 – the Biggest Fintech Conference in the world (24:02) - Regulation looms over Fintech, always (27:12) - The “Off The Record” Stage at Money 20/20 (29:28) - The CFPB and Rule 1033 (43:15) - Stripe, Adyen, Warren Buffett, and The Media (49:01) - Behind the scenes at Money 20/20 (59:20) - How do you get Serena Williams on stage? (1:01:58) - Holding the keys to so much potential ROI (1:04:33) - Defining the relationship between a fintech org and a bank (1:11:21) - Entrepreneurs buying their own community banks (1:16:58) - The intersection of Crypto and Fintech (1:27:11) - Is OnlyFans only a bad thing? (1:35:34) - What is the overarching story that Money 20/20 tells? (1:41:50) - Wrapping up >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners

Topics: (5:29) - Max’s background and career (14:15) - Is it reasonable to use Neural Net, Deep Learning and Machine learning interchangeably? (26:37) - The Future of AI (39:18) - Google & AI Writing (49:42) - Hiring AI for help in our personal lives (55:02) - How Improvements in Robotics will massively push things forward (57:12) - Computers being able to smell and taste (1:04:56) - Scarier futures of AI (1:08:13) - Is there a new field of opportunities you’re paying attention to now in Computer Vision? (1:16:03) - Prompt Engineering (1:24:54) - Final recap Links: Max on Twitter MaxOlson.com Max’s Newsletter, Blog & Podcast - FutureBlind Berkshire Hathaway Letters to Shareholders from Max Olson Mashgin LEX AI GPT-3 Juggernaut AI Life 3.0 by Max Tegmark Turing Test Midjourney community showcase Jasper AI Copy AI >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (4:12) - David on how to grow a podcast & Mitchell as a connector (13:32) - David on changing the structure of his podcast (15:58) - Creator-Led Business, Kobe Bryant, Arnold Schwarzenegger & Balaji (36:49) - The genius of Berkshire Hathaway & The power of Twitter (51:24) - Creator Economics & Story time with David Senra (1:06:38) - Eric’s impact on David (1:09:48) - Mitchell’s career model & Building a bookkeeping business (1:28:11) - Focusing career growth (2:04:32) - Thoughts on TikTok (2:16:43)- How the guys spend their time (Finding operational leverage) (2:21:29) - Trying to convince Mitchell to start a podcast (2:24:34) - David’s thoughts on his new business model (2:33:38) - Wrap Up Links: - The Founder’s Podcast w/ David Senra - Connect with Mitchell Baldridge - Mitchell Baldridge on Twitter - David Senra on Twitter - BetterBookkeping.com - David’s appearance on Jorgenson’s Soundbox - Mitchell’s appearance on Jorgenson’s Soundbox - Trung Phan on Twitter - Sam Hinkie - WorkWeek - Coked Up Options on Twitter - Ed Thorpe on The Tim Ferriss Show - Business Breakdowns - Berkshire Hathaway - Money20/20 - George Mack on Twitter - Frank Niu on TikTok To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (1:05) - Life updates and catching up from Al’s Quilting Capital: Hamilton, MO (20:08) - Fund updates for end of Q2 (25:15) - Fund updates for Q3: Omello, Ohm, Driv.ly & Glyph (49:35) - Closing out Q3 (50:28) - Updates on old portfolio companies: StableCoin, Terran, Gently (55:23) - How to get involved with Rolling Fun! Links: Rolling Fun #1 Rolling Fun #2 Portfolio Al on Twitter Bo on Twitter Wongo Puzzles Positive Food Co. Omella Smart Ohm Driv.ly Glyph To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (5:53) - Start of Balaji Interview (6:24) - How would you introduce yourself to a stranger? (8:19) - Do you think of your work as “whatever it takes” to advance your ideology? (10:05) - What would you like to see most achieved? (13:14) - What are the things you believe you are the best at? (20:52) - What are the ideas you are most confident telling others that you know for certain? (30:22) - Balaji’s upbringing & growing up in an age before the internet (1:03:35) - Have you always been like this? Was there an inflection point that made you who you are today? (1:11:41) - Are there any formative media, movie or books that really had an impact on you growing up? (1:19:15) - Doing math as a hobby & philosophical frameworks (1:29:19) - The Feynman Lectures & Magic the Gathering (1:51:29) - Were there any inspirations you looked to in your transition into entrepreneurship? (1:56:45) - What do you consider your career or body of work? (2:07:20) - Where have you seen some of the bigger obstacles in your career? (2:25:57) - Wealth, Burn Rate, and feeling “free to speak your mind” (2:38:40) - How are you spending time and resources to have an impact according to your mission? (2:50:56) - Are you trying to start your own network state or help people start theirs? (2:55:06) - What’s your process with getting up to speed on new technologies? (3:00:23) - What do you think about the trade-off between focusing on learning vs. when to start doing? (3:03:50) - Countries that impacted Balaji’s philosophy (3:08:33) - Balaji’s predictions on what Eric chose to have in the book (3:13:13) - What are the mental models or heuristics you use most often? (3:19:21) - Eric’s Themes of Balaji’s work (3:28:14) - What is your definition of technology? (3:36:09) - Do you believe a startup is synonymous with a great new technology? (3:37:20) - The co-evolution of technology and humanity & Youth-Extension (3:43:34) - The long-term battle for Network systems (3:45:50) - What do you envision transhumanism looking like? (3:53:05) - Wrap Up Links: Balaji on Twitter The Network State Feynman Lectures on Physics From Third World to First by Lee Kuan Yew The Man Who Knew Infinity Innumeracy by John Allen Paulos Howl's Moving Castle Isaac Azmov Elements of Mathematical Modeling Paul Tipler Physics books Visual Complex Analysis by Tristan Needham One Thousand Exercises in Probability fast.ai Quantum.country Classical Electrodynamics by John Jackson The PERL Cookbook PLEAC Obey the Testing Goat Nobody cares by Ben Horowitz The Jewish State by Theodore Herzl How ‘Magic: The Gathering’ Color Wheel Explains Humanity Force and Freedom: Black Abolitionists and the Politics of Violence by Kellie Jackson Catching Fire: How Cooking Made Us Human by Richard Wrangham Limitless To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (7:05) - Updates from Zach: hiring, firing, building software, and finding PMF (13:41) - What drove the decision to focus more on the marketplace rather than services? (20:18) - How different was it working with a fund rather than angels? (23:03) - Cost cutting measures (24:35) - What was it about services that made them not repeatable or scalable? (37:00) - Fear mongering (38:19) - Regional focused marketplaces (41:07) - Corporate Enterprise focuses (45:15) - Rebuilding community and staffing via website development (50:38) - How does affiliate marketing discounts fit into your strategy? (54:34)- Firing a customer (59:17) - A bias for action, mixed with patience (1:07:06) - What are your hopes for our next meeting? (1:10:38) - Homework for the audience Links: Zach on Twitter Conterra Security Listen to Episodes 1-3 of this series The Art of the Start by Guy Kawaski Webflow Zapier AirTable New Illinois crime law going into effect To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (1:46) - Who are your heroes? (7:25) - Sebastian’s affinity for studying history, sports, art & professional gamers (11:30) - How do you take lessons learned from these studies and apply them to entrepreneurship? (13:01) - Why do you approach life and work with a lens of ruthless optimization? (18:12) - Breaking down the concept of ‘productivity’ (26:56) - Non-value producing work (28:11) - Do you find that you have a higher sense of baseline after experimenting with optimizing your entire life? (34:25) - Maximum sustainable pace vs. Maximum possible pace (39:44) - Optimizing for fun (44:34) - Can you expand on the growth of Ultraworking? (50:04) - Improving scope-to-quality of work (55:36) - Sebastian’s period of life attempting to visit every country in the world (1:00:59) - Sebastian’s writing eras and how they changed him (1:14:40) - Agree or disagree: Self-measurement is self-punishment (1:19:51) - Monthly themes for life (1:22:45) - What is the mental model you find yourself implementing in your life the most? Links: Ultraworking Sebastian Marshall on Medium The Goal by Eliyahu Goldratt Scipio Africanus: Greater Than Napoleon by B. H. Lidell Hart On Heroes, Hero-worship and the Heroic in History by Thomas Carlyle You and Your Research by Richard Hamming Stedi Annual Letter - Operational excellence Gateless by Sebastian Marshall Extreme Productivity by Robert Pozen Product Hunt Clockwork Nutrition To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (3:15) - Mark’s career & background (4:40) - Do you think there is a popular renaissance behind Nuclear Energy? (6:27) - Realizing the regulatory problem holding back energy advancement (15:35) - The costs behind Nuclear (18:06) - The Nuclear customer & Europe’s approach to Nuclear (31:46) - France’s energy price crisis (37:00) - The history of Nuclear Power (51:07) - The next wave: Advanced Nuclear (1:01:51) - Who’s behind the push for Advanced Nuclear? (1:03:27) - How did the USA lose its ability to build new reactors? (1:08:38) - Nuclear success in the United States Navy (1:21:57) - Debunking Plutonium (1:224:26) - What is the supply chain of building reactors in the Navy? (1:27:10) - What are reliable resources for people to learn more about or work in Nuclear? (1:32:14) - Wrap up Links: Mark on Twitter Radiant Energy Fund Sustainable Energy Without the Hot Air by David JC MacKay The World Nuclear Association Library Clean Corps The rePLANET Network The Mothers for Nuclear Organization To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (5:14) - Matt & Ben’s friendship origin (8:42) - Starting Texts From Last Night (18:17) - Matt’s early career with Google, Coachella & Lafayette American (43:33) - Mille Mitten (58:34) - Tik Tok, Ads and Algorithms (1:06:55) - Elon Musk & Twitter (1:15:38) - Fixing Movie Theaters & car charging infrastructure (1:38:07) - Fixing conferences (1:50:50) - Exercise: Rebranding the podcast Links: Texts from Last Night Lafayette American TickPick Mille Mitten Mil-Spec Automotive Alamo Drafthouse To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Links: Rohun on Twitter JT Capital The Sovereign Individual by James Davidson CBRE JLL 4 Hour Work Week by Tim Ferriss Loom Maven The Fear Setting Exercise - Tim Ferriss Topics: (6:10) - Why Eric and Rohun Should have been friends 10 years ago (8:30) - Rohun’s Heroes & family dynamic (15:44) - Journeying into Real Estate (20:52) - Getting Reps: Underwriting Deals (26:57- The importance of scale (30:14) - What is the order of operations for buying a deal? (33:17) - How did you find your partners for JT Capital? (35:26) - Did your uncle pay you for your apprenticeship? (37:25) - What kind of expense ratios are you getting with these large deals as opposed to smaller properties (40:31) - What was your vision for building the company? (43:32) - Were you thinking about leverage at all in this process? (47:26) - Was there anything you brought with you from your career in tech into the RE industry? (50:49) - How are you using EA’s and Virtual assistants in your business? (1:05:04) - Is there anything in your business that cannot be automated or delegated? (1:10:46) - How has your life changed after making this investment? (1:13:36) - How do you balance having partners when you’re structuring your career around freedom? (1:16:15) - How do you compare the pressures of your job now vs. all the unique things you did before this? (1:21:53) - What was the single biggest inflection point of your career? (1:23:41) - Was there any single deal that was make or break for the company? (1:24:56) - What is the mental model you use most frequently? (1:28:50) - Final thoughts & Wrap up To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (6:21) - What is your specific knowledge? (7:20) - Taylor’s career (12:38) - Transaction Cost Economics (20:02) - The work behind Taylor’s first book: The End of Jobs (21:20) - Was publishing that book a major inflection point in your career? (23:53) - Taylor’s writing on the crypto space and work in investing & finance (29:03) - Mutiny Funds (32:57) - The Long-Volatility Strategy (36:33) - The Thousand-Year Portfolio (40:49) - Who is using the long-volatility strategy and how are they using it? (43:16) - What does the strategy look like day to day? (50:07) - Volatility Index (55:33) - Are there future products in the funnel for Mutiny? (57:44) - What do you look for in the hedge funds you assemble? (1:00:20) - How long have you been building this core of knowledge? (1:04:11) - How do you know when to shift your focus? (1:07:11) - Are there people you look up to who are great examples of playing the long game? (1:09:25) - What is the long game for Mutiny? (1:12:49) - How do you maintain discipline when the world tells you to take the other path? (1:16:22) - What mental model do you use most often? Links: Mutiny Funds Taylor’s website Taylor’s The Interesting Times newsletter The End of Jobs by Taylor Pearson Blog post: Markets Are Eating The World by Taylor Pearson The Kelly Criterion with Edward Thorp The Cockroach Portfolio The Volatility Index The Origin of Wealth by Eric Beinhocker Fortune's Formula by William Poundstone A Man for All Markets by Edward Thorp To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (3:48) - David Hijacks the podcast: Eric’s Heroes, Munger as a copywriter and “Jeffisms” (8:31) - How did you start Founders Pod and build it into a business? (27:39) - How did you engrain this level of discipline in your craft? (34:41) - Emulating Ed Thorpe (43:59) - The power of podcasting (50:43) - Eric and David discuss career goals (57:46) - Thoughts on the ‘serial entrepreneur’ (1:08:18) - Deep dive into David’s approach to reading (1:19:17) - Is this just a chapter of your life, or is this the business to dedicate your life to? (1:25:24) - Do you think more people should do what you’re doing? (1:28:20) - How to get the most value from what David is doing (1:36:06) - How have you changed pre-Founders vs. today? (1:38:29) - What does the best version of this podcast look like? (1:53:48) - Compounding & Leverage (1:59:38) - Books are the original links (2:04:45) - Final thoughts Links: FoundersPodcast.com Kevin Rose interviewing Elon Musk on the Tesla Factory Floor Jocko Podcast Paul Graham’s “How to Do what You Love” Masters of Doom by David Kushner Chapo Trap House Edwin Land Founders Podcast: Founder of Hyundai Neckar’s Minds of the Market Readwise The Kanye West Genius documentary The Great Books Program Biographics on YouTube Graphtreon.com To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (7:11) - Brett’s earliest memories of his strengths (9:58) - Understanding different skills and abilities (13:36) - Brett’s early career (18:08) - What was the moment of conception for Remind? (26:03) - What were some pivotal moments early on? (30:08) - How much did Twilio aid your growth? (31:18) - What role did investor selection play into the success of Remind? (35:00) - Transitioning into Omella (44:18) - How many customers did you talk to before building the product? (45:11) - What’s the process of building conviction in your product? (50:38) - How much wider is the purview of Omella than Remind in terms of the market it helps? (55:11) - Thoughts on distribution, engagement and retention (1:01:15) - How has the founder experience compared with your second company vs. the first? (1:03:38) - How does leverage fit into structuring Omella? (1:08:23) - What are the most common mental models you use to make decisions? (1:12:50) - Do you find people to be overthinking while building a product? (1:14:13) - Where would you like Omella to be in the next 5-10 years? (1:15:09) - How do you ensure you can keep a small high-performance team rather than solve problems via headcount? (1:16:16) - How often do customers that you interact with become evangelists for Omella? Links: BrettKopf.com Brett Kopf on Twitter and LinkedIn Omella Remind Acton academy The Theory of Constraints To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

(2:29) - How clear is the picture of how far you’ve come in the past 4 months? (3:27) - Recapping Track Zach #2 (10:36) - What are customers buying now and how have the service offerings changed? (20:06) - Do you know the bootstrapping process of these other industry marketplace products? (21:49) - How did you arrive at home security audit and family protection as the right first products to offer? (29:20) - What’s your ultimate revenue goal as it pertains to fundraising? (38:35) - What do your internal operations look like? (41:06) - Zach’s experience in Launch New York (43:32) - Spending too much time on “shiny object” opportunities (48:55) - Traction and the fundraising process (57:01) - Entrepreneurship is really hard (1:06:01) - Is there anything you’ve changed your mind on in the past quarter? (1:17:06) - Are there other mental models from your time as a SEAL that you apply in business? (1:20:44) - Feeling high leverage work shift over time (1:26:22) - How can people listening help Conterra? Links: ConterraSecurity.com LaunchNY.org The Hard Thing About Hard Things by Ben Horowitz The Cold Start Problem by Andrew Chen NfX Marketplaces Other Episode You’ll Like: Kevin Espiritu: Bootstrapping Epic Gardening to 8 Figgures by mixing Media + D2C Biz Models. Oh and Poker, Pink Pineapples, and Male Models. To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (4:56) - Chris’ background and work at Athena (6:53) - What does a Chief Client Officer do? (10:20) - Robert’s background and work at Athena (17:00) - Robert recruiting Chris to Athena (20:20) - What distinguishes Robert as an operator (25:02) - Robert’s first year with Athena and how the company has scaled (33:39) - Chris’ decision to join Athena (37:28) - Creating a great experience for both clients and the EAs (46:17) - What people use their EAs for at Athena (50:28) - How Athena focuses on leverage (57:46) - Thoughts behind recruiting EAs and training (1:09:04) - Playbooks and systems for delegation (1:13:14) - biggest moments of relief gained from an EA? (1:17:58) - How does someone know when they need an EA? (1:32:28) - Where is Athena today? (1:38:40) - Where do you predict the global workforce goes over the next several decades? (1:46:30) - What are the mental models or heuristics you use in making decisions? (1:55:41) - Athena helps clients provide feedback (1:58:06) - Wrap up Links: Athena - www.athenago.com Island Heights Construction - https://www.islandheights.ca Humi - https://www.humi.ca Eric’s Site: www.ejorgenson.com Other Episodes You’ll Like: EA Delegating w/ Michelle Penczak: Founder of Squared Away - Military Spouses becoming Top Tier Virtual Assistants Drug Cartels, Vanguard, And Goldman Sachs with Codie Sanchez Andrew Wilkinson: De-risking Leverage, Investing vs. Operating, and the Best Part About Business To support the costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter. Important quotes from Naval on building wealth and the difference between wealth and money: How to get rich without getting lucky. - Naval Ravikant Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant I came up with the principles in my tweetstorm (below) for myself when I was really young, around thirteen or fourteen. I’ve been carrying them in my head for thirty years, and I’ve been living them. Over time (sadly or fortunately), the thing I got really good at was looking at businesses and figuring out the point of maximum leverage to actually create wealth and capture some of that created wealth. - Naval Ravikant Seek wealth, not money or status. - Naval Ravikant Wealth is having assets that earn while you sleep. - Naval Ravikant Money is how we transfer time and wealth. - Naval Ravikant Ignore people playing status games. They gain status by attacking people playing wealth creation games. You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant The most important skill for getting rich is becoming a perpetual learner. You have to know how to learn anything you want to learn. The old model of making money is going to school for four years, getting your degree, and working as a professional for thirty years. But things change fast now. Now, you have to come up to speed on a new profession within nine months, and it’s obsolete four years later. But within those three productive years, you can get very wealthy. - Naval Ravikant

The sponsor for this week’s episode is Founders Podcast. David Senra, the host of Founders Podcast, is a biography-reading machine. If you don’t have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David’s high-quality recap is the next best thing. The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more. Visit founderspodcast.com to subscribe or listen to sample episodes. Links: FE International FE International Whitepapers Client Case Studies Thomas on Twitter Thomas on IG Thomas on Facebook Join our Fund at Rolling.Fun Support our sponsor: founderspodcast.com Other Episode You’ll Like: Andrew Finn: WaitButWhy and G64 C-Founder on How to Acquire a Free Company Codie Sanchez: Drug Cartels, Vanguard, And Goldman Sachs To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Topics: (2:11) - Tech Gossip about Elon, Twitter & Fast (9:26) - Q1 Portfolio Recap: Gently & Terran Robotics (28:36) - Q2 Portfolio Update: Lumo, Stablegains (43:05) - How listeners can help portfolio companies (46:07) - Fund Updates (51:29) - Explaining how quarterly investments work in the fund and deadlines (53:01) - Reasons we passed on companies Links: Rolling.Fun Gently.com Terran Robotics Terran Robotics on YouTube Lumo.co Stablegains.com Other Episode You’ll Like: Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust Chris Powers: Starting A Real Estate Empire at 17, Focus, Podcast Flywheels To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

The sponsor for this week’s episode is Founders Podcast. David Senra, the host of Founders Podcast, is a biography-reading machine. If you don’t have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David’s high-quality recap is the next best thing. The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more. Visit founderspodcast.com to subscribe or listen to sample episodes. Links: Michelle on LinkedIn Michelle on Medium [email protected] Squared Away Asana Trello Zirtual Harvest Support our sponsor: founderspodcast.com Other Episode You’ll Like: Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

The sponsor for this week’s episode is Founders Podcast. David Senra, the host of Founders Podcast, is a biography-reading machine. If you don’t have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David’s high-quality recap is the next best thing. The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more. Visit founderspodcast.com to subscribe or listen to sample episodes. Links: Josh’s Bio - Autogeny.org Where is my flying car? By J. Storrs Hall Little Fuzzy by H. Beam Piper The Martian by Andy Weir Snow Crash by Neal Stephenson Beyond AI by J. Storrs Hall Nanofuture: What’s Next For Nanotechnology by J. Storrs Hall Support our sponsor: founderspodcast.com Other Episode You’ll Like: Solocast #3: Nuclear, Nanotech, and the next Industrial Revolution (Book Recap: “Where is my Flying Car?”) Massive Opportunities w/in Design & User Interface with Cliff Kuang To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

The sponsor for this week’s episode is Founders Podcast. David Senra, the host of Founders Podcast, is a biography-reading machine. If you don’t have time to spend 40 hours reading the full-length biography of some gilded-age entrepreneur, listening to David’s high-quality recap is the next best thing. The Founders Podcast is a paid podcast that costs $99/year or $299 for lifetime access. Subscribing gives you access to more than 200 episodes including the back catalog with episodes about Anthony Bourdain, Arnold Schwarzenegger, Elon Musk, and many more. Visit founderspodcast.com to subscribe or listen to sample episodes. Support our sponsor: founderspodcast.com Links: Zach Pettet on Twitter Zach’s Podcast - For Fintech’s Sake On YouTube On Spotify On Apple Podcasts Money 20/20 V-Sum SoLo Funds MoneyLion Blooom Figure Other Episode You’ll Like: Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Andrew Finn: WaitButWhy and G64 Co-founder on How To Acquire A Free Company To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Links: Where Is My Flying Car? By J. Storrs Hall WTF Happened in 1971? To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Links: Rolling.Fun Alan Doan Bo Fishback Airtasker Lambda Additional Episodes If You Enjoyed: Chris Powers: Starting a Real Estate Empire at 17, Focus, Podcast Flywheels Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Links: Modern Wisdom Podcast Chris Williamson on Twitter Eric’s leverage course Jordan Peterson & Chris Williamson Podcast Mathew Fraser on Instagram Sky King on Twitter The School of Life Sam Harris Taylor Pearson Chris Sparks Aubrey Marcus, CEO of Onnit on what he would change about his life Essentialism by Greg McKeown The Psychology of Money by Morgan Housel Chasing Excellence by Ben Bergeron Tim Ferriss: 11 reasons not to get famous Additional Episodes If You Enjoyed: Sky King: The Next Level of the Internet, Decentralization, and Becoming a Player in the Game of Life Andrew Finn: WaitButWhy and G64 co-founder on How to Acquire a Free Company To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Links: Propy NAR (National Association of Realtors) Natalia on Twitter Natalia on LinkedIn Adam on LinkedIn Additional Episodes If You Enjoyed: Sean O’Connor: How Blockchain is Changing Society with Costless Transactions Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

During this conversation on Jorgenson’s Soundbox, I have my beautiful and brilliant fiancé Jeannine on as my guest, and we talk about all things HR, now known as the People Function or People Team in many organizations. Currently, Jeannine is leading the People Team at the startup Density, which has grown from 40 employees to 180 in the last year and a half. To start our discussion, I ask Jeannine to dispel some of the misperceptions of HR – she says often they are spending more time and energy fighting on behalf of employees. She also talks about the relationship between the CEO and the People Team and says she considers the CEO as a part of the People Team. We transition to talking about recruiting and why Jeannine self-proclaims herself to be the world's worst recruiter as she shows candidates the underbelly of the company and paints a realistic landscape of what working for the company will really be like and the hurdles they may face. She elaborates on the different kinds of recruiting, and she highlights how the People Team changes as companies reach different milestones in growth. Jeannine walks us through internal communications and some of the different systems she’s used, and she gives some examples of why people may seek out HR business partners for assistance. We talk about using Slack and whether it is a synchronous or asynchronous tool. She explains the necessary systems and processes and likens them to tree rings, with the HRIS (human resources information system) at the center, a ring for how the company gives and receives feedback, which we dive further into, and a third ring for things such as bonus programs and learning and development tools. Towards the end of our conversation, we talk about why people leave companies as well as the difficulties of having to fire someone, and we discuss companies’ compensation philosophies. We also explore the reality of Flat Organizations and how transparency and clarity are the more important factors. Jeannine says that now companies are focusing more on creating better work-life balances and true wellness including physical, mental, and financial health. We wrap up with Jeannine’s learning journey and talk about building company culture. Links: Jeannine on Twitter Density.io Casper Notion CultureAmp Additional Episodes If You Enjoyed: Andrew Wilkinson: De-risking Leverage, Investing vs. Operating, and the Best Part About Business Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust To support this costs of producing this podcast: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

Will Barnes and Will Oliver are two fantastic individuals I met through Latticework and got to know by bonding over our fandom of Charlie Munger. They are the co-founders of In Practise, a company that conducts interviews with executives and sells them to investors looking at the companies and building conviction in their portfolio. They conduct one-to-one interviews in pursuit of finding the best investment opportunities for their clients. During our conversation, we talk about how they came to start their business, how it is structured to authentically align with themselves, and tactics they employ in conducting interviews. To kick off the conversation, I ask about who their heroes are and both Wills talk about their fathers as well as Munger and Buffet, and then we transition into how they met and came to start In Practise. They both worked for Third Bridge, an expert network that connects mainly investment companies with operators in private one-to-one phone calls, and they came together to build the content side of the business. They fell in love with the work, and seeing a niche in the market for a more affordable solution for smaller hedge fund managers, they spun out from Third Bridge and formed In Practise. We discuss how they are building a system to understand what quality means in a business and how they build conviction for investors. We talk a bit about Dee Hock, the founder and CEO of Visa, and how he has inspired and influenced In Practise. Their core offering is a library of interviews; they first aim to get their client up to speed quickly on the workings of the company they are interested in and then to delve into what really matters, and the next part is the analysis phase in which they offer investor dialogs about the company. Moreover, they are aiming to build a community for learning founded on trust. We explore how they approach the interviews of executives and the balance between noticing patterns but also allowing the interview to go where it flows. They must understand the business and what the customers care about but also have to be willing to really listen. Will Barnes emphasizes the importance of the line of questioning rather than just the questions and says the epiphanies often come when the original hypothesis was wrong. They walk me through a couple of company examples, Naked Wine and Burford, and what really matters in them. To wrap up, I ask about the companies they can list that they believe to be in the hundred highest quality public businesses in the world today and about their project of In Practise 40 years out. Links: In Practise In Practise on Twitter Eric’s Newsletter Third Bridge Iain McGilchrist Books by Dee Hock Naked Wines Burford Capital Additional Episodes If You Enjoyed: Phil Huber: Crazy Alternative Assets, Crypto for Financial Advisors & the Book Writing Process Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

This episode is a conversation about investing in the DeFi space with my previous podcast guest Jason Hitchcock and his partners of Four Moons Capital, Adam and Boz. They talk about how they all got together to form Four Moons and came to partner with Kingsley Capital to create a 100-million-dollar fund to be invested in DeFi. Throughout the conversation, we chat about some of their favorite tokens, projects, and ecosystems and how early it is in the space. We talk about how they all keep up in the industry and decide what to pay attention to. Each team member has their own approach, but generally, the community you belong to can help inform you as well as following “thought leaders” on Twitter and Discord. Jason says he focuses on what will make money and tries to sort whether people are right about opportunities or if they are being duped. Adam shares a theme he’s adopted from the space, “We’re all gonna make it,” and says everyone is working to help grow the pie. In the second half of the conversation, we talk about block explorers as the next Googles of the world, we explore the analogy of where crypto is at in comparison to where internet was in the 90s, and we talk about OpenSea as the Amazon of crypto and whether it will be disrupted or not. We also explore some thoughts on the metaverse and its opportunities. I then ask about some predictions for their fund in 10 years and am told they expect the fund to have several billion in proof stake tokens and that they’ll be able to take on other subadvisor arrangements with other types of treasuries. To wrap up, we talk about some steps people can take if they want to learn more or get started in DeFi. Jason talks about building a portfolio to earn yield, which can then be sold to start building up a dream portfolio, or it can be compounded back into your strategy to earn more yield. Adam points out the common characteristic of successful crypto investors is resourcefulness and that it is a do-it-yourself industry. Boz suggests learning while earning; he says a first step is starting to yield on a stable coin, then learning through podcasts, Discords, Twitter, etc., and then the next phase is going from stable coin to a web3 interface and staking. Links: Sushi Swap Kingsly Capital Danny Ryan on Twitter Cosmos Luna PolkaDot Dogepunks NFT Jason on Twitter Boz on Twitter Adam on Twitter Adam’s Subsctack Ethropy.finance The Crypto Barbell Strategy Additional Episodes If You Enjoyed: SquidDAO: Web3 Project Deep-Dive: Part Crypto Hedge Fund, Part NFT DAO. An Anonymous Conspiracy for Mutual Enrichment Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Shane Mac: Building Messaging Protocol for Web3 (XMTP), Company Culture, and Scaling Trust If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage

In this episode of Jorgenson’s Soundbox, I continue exploring the world of web3 with my friend and former coworker Shane Mac. Shane is now the cofounder of XMTP, a decentralized and economic messaging protocol being built for web3. During our conversation, we talk about XMTP as a new protocol for building communication tools. We can spam-proof the next generation of the web! How Shane builds company culture to help him compete with world renowned companies and his personal and professional investing strategies. To kick off our conversation, we talk a bit about Shane’s decision to move to Nashville, driven by the exhausting culture of work scale at all cost in San Francisco, and the music scene there. Shane then discusses how he came to work with Matt Galligan and start XMTP. When looking for an opportunity to build a new company, he had a lightbulb moment when Robert Leshner, the founder of Compound, presented a communication problem in the web3 space. Shane realized that people who have wallets want to be able to communicate with others that have wallets and to be able to prove ownership, and he recognized the potential for a new messaging communication protocol with the wallet as a means of sending and receiving messages. XMTP was thus founded as a decentralized messaging protocol with a universal backend that developers could build on top of and that we can all be owners of. In the second half of the conversation, we explore Shane’s ability to create an awesome company culture. Shane says that while he can’t compete with renowned companies on having the most interesting idea, he can compete on culture. Shane aims to remove people’s anxieties so that they can be more productive. He does so by hiring personal assistants and coaches not only for executives but for everyone, removing the vesting cliff, and teaching people how to quit. We wrap up the conversation by talking about how Shane goes about investing. He says he focuses on what he knows well and believes in. Regarding crypto, he thinks of it as startup investing, and he has invested in Bitcoin and Ethereum and plans to hold for the long term. He also is the General Partner of the Logos Fund which invests similarly in startups, mostly focusing on the seed stage. Links: Eric’s Newsletter XMTP.com How to Quit (and have everyone support you) Compound Squared Away Koinly Additional Episodes If You Enjoyed: SquidDAO: Web3 Project Deep-Dive: Part Crypto Hedge Fund, Part NFT DAO. An Anonymous Conspiracy for Mutual Enrichment Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage

SquidDAO is an “Economic Flywheel denominated in Ethereum.” What does that mean? Good question, I wondered too. It’s basically a conspiracy amongst anonymous people on the internet to make money together. And anyone can join! I dug in with a few members to see what it’s all about. They sell NFTs, they issue tokens, they invest a treasury… they earn money! And they share it with token and NFT holders. This is my first pseudonymous podcast as well as the longest one I’ve ever done. In this episode, we explore a relatively new web3 project, Squid DAO, with a few guys I only know by their online handles. Squid DAO is described as an economic flywheel backed by Ethereum and is part company, part DeFi investment fund, and part NFT project. SQUID is currently trading for roughly the value of the assets it holds in the treasury, which could make it a great investment opportunity. Squid DAO is a great microcosm of the world of web3 as it is essentially a megatron of the various forks of web3 projects, which makes it a great learning opportunity. We explore the economics of the DAO and why it is denominated in ETH rather than dollars. It can be valued via income derivative, the multiple on the treasury, or what it is trading at against what is on the balance sheet. Recently, a new governance proposal was passed making Squid and NFTs productive assets so that users may better run analyses. ETH is considered the best index and essentially operates like cash for the DAO. We wrap up the episode by talking about how to learn more and get involved. Squid DAO’s Twitter and Discord are great ways to learn more, but the best way to gain mastery is by investing your own money. If looking to get involved, you can help with whatever skills you have to offer, be it marketing, as a developer, a degen or coding strategist, or someone with a web2 background. Links: Squid DAO NFT Auctions Squid Docs Squid Treasury Dashboard Squid Discourse (Governance Forum) Olympus DAO Index Coop SquidDAO Discord The Squids on Twitter @SquidDAO @BigSquid0x @Zoption @0xSquidSteed Additional Episodes If You Enjoyed: Simon Judd: How Index Coop is building Crypto Index products Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Sean O’Connor: How Blockchain is Changing Society with Costless Transactions If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage

Tim Hwang is the most interesting man on the internet. He runs a project called the Trade Journal Cooperative, which I've subscribed to for years. We talk about how the Trade Journal Cooperative got started it, how Tim *secretly* went to law school, and several other projects Tim is working on including an academic journal dedicated to bizarre images of Mark Zuckerberg. Thought that was all? That’s not all. Also using bots to wage information wars on social media, and Tim’s book which predicts an online advertising bubble. My favorite thing about Tim is his ability to sit on the fence between very serious and very whimsical. To start our conversation, Tim talks off the cuff about one of his heroes, Charles Fort, who compiled books of anomalous phenomena and is the source of the term “Fortean.” This explains a lot about Tim. We then explore Tim’s role as a trade journal sommelier and the Trade Journal Cooperative which provides a quarterly exploration of various industries. We talk a bit about the vastness of the trucking industry and also about the elevator, i.e., vertical transportation, industry. Tim also tells us the awkward story of how he somewhat unintentionally ended up going to law school secretly, and we explore some of the projects he started after graduating, including Rosen, Wolfe and Hwang, a boutique law practice that specializes in serving the unique needs of independent creators and small to midsize technology businesses, and Robot, Robot & Hwang, which was created off the notion of creating a fully automated law firm. Among other projects, Tim also started the academic journal The California Review of Images and Mark Zuckerberg, which explores why Zuckerberg seems to be exceptionally good at ending up in strange images and what that says about the media and culture. I ask Tim to talk about his 2019 paper titled “Maneuver and Manipulation: On the Military Strategy of Online Information Warfare,” which is about how bots shape discussions online and the possible strategies of combating public manipulation. We also talk about a couple of branches off the information warfare piece, the National Conspiracy Writing Month (NaCoWriMo), in which participants complete a “daunting, but straightforward challenge to develop a deep, viable and complete conspiracy theory during the 30 days of November,” and COGSEC, which is a conference on the real-world practice of countering online influence operations. We wrap up our discussion talking about Tim’s recently published book The Subprime Attention Crisis that explores the bubble of online advertising and its potential implications on web2 giants. Links: Charles Fort Books The Trade Journal Cooperative Iron Clad Contract Management Maneuver and Manipulation: On the Military Strategy of Online Information Warfare Sub-prime attention crisis by Tim Hwang The Dawn of Everything by David Graeber TimHwang.org Tim on Twitter Additional Episodes If You Enjoyed: Sean O’Connor: How Blockchain is Changing Society with Costless Transactions If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

This week’s podcast is my second SoloCast, and during the episode, I share my thoughts and some predictions on the potential impacts and implementations of web3. The blockchain can be basically defined as a cryptographic breakthrough that allows for openness but with very careful editing permissions. While web1 resulted in costless publication and web2 in costless communication, web3 allows for costless transactions. This will likely increase the number of transactions we make. Web3 can also create cheap digital scarcity which may help authenticate originality in the digital world. Why does this all matter? My answer to this question regards the implications of web3 on the cost of trust and decentralization. Currently, the cost of trust in the market is relatively high, and with increasing transactions and original creations occurring via the blockchain, we will have to pay less for trust. Also, there will be less need for centralized parties such as brands or centralized banks, though it’s too early to say which authorities will all be affected. Next, I make some predictions about what will happen as the blockchain gets deployed. The first to be impacted is the management of digital items, with finance and gaming among the earlier industries. Also, we will likely see digital components getting separated from analog components so that they can be managed on the blockchain. Another trend that may happen is that the blockchain may be implemented to manage atoms in the real world. To wrap up the SoloCast, I explore the implications of web3. It will probably impact managerial culture, and DAOs (distributed autonomous organizations) will likely take over some market share from companies. I also believe the biggest networks will be bigger than the biggest companies, in part because there is no cap on involvement in web3 networks and ecosystems. My goal in sharing my thoughts is not just to tell you what I think will happen but to provide some notions and rough directions so that you can hopefully overlay some of these lessons into your own experience and expertise. Web3 is still not easy to navigate, and it is still early in its implementation, but it provides incredible opportunity, and it is fun to get involved. Links: Eric’s Blog Eric’s blog post on digital scarcity Eric’s Blog post on The Cost of Trust Technological revolutions and Financial Capital by Carlota Perez SquidDAO Additional Episodes If You Enjoyed: Jason Hitchcock: Your Guide to Web3 Simon Judd: How Index Coop is Building Crypto Index Products If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

Welcome to the second episode of Track Zach, a series of quarterly podcast episodes in which we will be following Zach’s journey as he starts and scales his private security marketplace, Conterra. We will check in on how the previous goals Zach set are going, hear about what he’s learned and how he’s pivoted, and see what he is looking to accomplish in the next quarter in the huge, fragmented, and heavily middle-manned $50 billion industry of private security. This quarter, Zach’s target was at least ten customers, 300 professionals to sign up on the supply side, and a new website launched by October 1st. His original thesis was to collect the supply side of the marketplace first. The website ended taking up longer than expected, which made him think he’s building the wrong thing. Zach stopped pushing for signups and though he didn’t get 300, there was a ton of word of mouth and recommendations going around. Zach was “collecting no’s” the second-best thing to yesses, and from the no’s, he was able to listen to what customers want, learn from that, and alter how they go to market. He highlights that one of the main issues in the security industry is a lack of trust amongst providers/security professionals and a fear of being taken advantage of. With this, he found collecting demand to be proving to be more difficult, while the supply side is coming easier, prompting him to alter his original thesis and focus more on the demand side. With all these observations, Zach says he gained clarity, and now things are starting to come together. He intends to focus the business on being the connective tissue and reputation for the major players in the space, and by doing so, they can cut out the major middlemen and reallocate that cash to those in the industry that should really have it. He is also shifting expectations and being clearer on focusing in on the things that will impact the business in a greater and faster way rather than the things that won’t have as much impact, and he is getting better at vetting and hiring. Zach explained his new technical roadmap as a process that starts with building a wheel, then a skateboard, then a scooter, then a bicycle, then a motorcycle, then a car. He explains that at this point, they have built skateboards. During the next quarter, Zach expects to be neck-deep in fundraising and finding the right partners, and he is aiming to be confident in knowing the right amount of capital he’ll need. He predicts the team will look a little different as he continues to recruit for an operations person. For the next 90 to 180 days, he will be mainly focused on operations, and he hopes to learn exactly what a world-class security recruiting company looks like. Links: Conterra Workrise Zach on Twitter Jeremiah Rogers Coaching Attivo outsourced accounting Ben & Jerry’s vs. Amazon: Strategy Letter Additional Episodes If You Enjoyed: Kevin Espiritu: Bootstrapping Epic Gardening to 8 figures by mixing Media + D2C Biz models. Oh and Poker, Pink Pineapples, and Male Models Introducing "Track Zach" with Former Navy SEAL Zach Marshall If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

In the last episode, we discussed alternative assets, and in this episode, we take a deep dive into the career of Chris Powers, the master of one specific alternative asset: real estate. Chris began his real estate career when he was just 17 years old and has spent the last 17 years building Fort Capital, a real estate firm in Fort Worth, Texas. Chris was a hungry 17-year-old, just showed up at college, bought his first house with no money down in 2004. By the time he left college, he had 12 houses. Fast forward to 2021, just this year, along with investors, they purchased $500 million of industrial real estate in Texas. Throughout the episode, we discuss Chris’s journey in real estate, investing, recruiting, and podcasting. We started the conversation by asking Chris who his heroes are. He shared the story of his father who went back to college to pursue medicine even after being a lawyer for 13 years. His dad taught him the valuable lessons that you only live one life and that money can only make you so happy. Chris bought his first house at 17 when he was starting college and got into real estate as a means to make money during his studies. He was driven by constantly waking up and feeling behind and wanting to do something. Before graduating, he bought more student housing, started a property management business, and started a leasing business. He graduated in 2008, during the economic collapse, and had no choice but to continue in real estate. From 2010 to 2015, Chris was doing a bit of everything related to real estate – he was building custom homes and spec homes, buying land, VC investing, and had a small team that he managed. Despite having some success, he realized he wasn’t compounding his business the way he wanted. Reading Good to Great by Jim Collins motivated him to narrow the focus of his business. Chris talks about his need to be able to recruit and the importance of having a mission. We also discuss how flywheels can propel us forward, and for Chris, his flywheel is based on his podcast, Twitter, real estate business, and investors that create a virtuous cycle of growth. Recently, Chris has transitioned out of being the CEO of Fort Capital, and he is learning how to be an owner. He is also focusing on his VC Funds and building Powers Capital, which he says will function like a family office but also will function like private equity. We wrap up the conversation discussing when enough is enough and measuring impact; Chris says he’s no longer in it for the money but rather to see what it is possible to accomplish during the one life he has. Links: Chris on Twitter: https://twitter.com/fortworthchris The Fort Podcast: https://open.spotify.com/show/4dLKPVTiXWmrFwd43iN2LZ Chris Powers & Pete Chambers Podcast: https://open.spotify.com/episode/2X8vKyUIQaIxV5Mr9J5KMv Good to Great by Jim Collins: https://amzn.to/3yJV9Jc Owned and Operated Podcast w/ Chris Powers: https://podcasts.apple.com/us/podcast/21-chris-powers-building-%24600mm-commercial-real-estate/id1560999545?i=1000527344852 Fort Ventures: https://www.fort-ventures.com/ On Deck: https://beondeck.com/ Token Economy - How the Web3 Reinvents the Internet by Shermin Voshmgir: https://amzn.to/3mpmHi7 Additional Episodes If You Enjoyed: Mitchell Baldridge: Defeating Taxes, Crypto & Financial Planning Codie Sanchez: Drug Cartels, Vanguard, and Goldman Sachs Nick Huber: How to Build Leverage, Buy Businesses, and Go Viral on Twitter If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

In this week’s episode, I talk with Phil Huber, the Chief Investment Officer at Savant Wealth Management and author of the new book The Allocator’s Edge. This episode does not include financial advice.* Rather, we talk about the advice Phil gives other people about their finances and the book he wrote about financial advice. We begin the episode with a discussion about financial advising and what goes into becoming a CFA (Chartered Financial Analyst) and a CFP (Certified Financial Planner). We also talk about how it’s important to find the right financial advisor as a person’s financial life becomes more complex. I ask Phil if any of his clients ever ask if he can YOLO them so hard with investing, and he discusses advisors’ business of growing and preserving wealth responsibly. Phil’s new book focuses on alternative investments, and he gave us a glimpse of what those investments are. He demonstrates how diversifying clients’ portfolios help manage risk. Phil explains catastrophe reinsurance, and we discuss the recent proliferation of alternative investing apps and platforms and how barriers are being broken down to previously inaccessible asset classes for average investors. Any conversation involving alternative investments would in one way or another, end up with crypto. Phil talks about how advisors are trying to navigate crypto and the current difficulties of incorporating it into clients’ investment portfolios as well as possibilities for its inclusion in the future. We end the episode talking about the process of writing a book and how it differs from blogging. Phil wrote The Allocator’s Edge for himself ten years ago. By reading his book, Phil believes that investors can become more comfortable discussing and using alternative assets. Links: The Allocator’s Edge by Phil Huber - https://amzn.to/3m1tu1d Savant Wealth Management - https://savantwealth.com/ Phil Huber’s Twitter: https://twitter.com/bpsandpieces Additional Episodes If You Enjoyed: Mitchell Baldridge: Defeating Taxes, Crypto & Financial Planning Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) David Perell: Intellectual Openness & Mental Models for Success If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

Bram Kanstein has become a professional at fucking around on the internet. He has built dozens of products, three of which he successfully sold, and he previously spent time working for a VC and Product Hunt. We dive right into talking about Startup Stash, which is listed as the number one product on Product Hunt. Startup Stash is described as a curated directory of resources and tools for startups. Two years after launching and going viral, he sold the micro product for Ethereum. He also discusses the first company he sold, roadtoscale.com, and says that both products’ success came from delivering value to the right audience. Bram talks about how he discovered and fell in love with Product Hunt, which became the tool for his hobby of curating and discovering new startups. He loved Product Hunt so much that he joined the company a short few weeks after launching Startup Stash. Bram got involved crypto when he was still a student and learned through experience. He recounts a funny crypto story of creating an account in the game, Second Life just to buy some BTC. After day trading for a period around 2013, he sold his Bitcoin and forgot about crypto for a while. In 2017, he discovered Ethereum and got back into crypto. Recently, Bram launched an NFT collection based on a color alphabet. Currently, Bram is consulting a large company on innovation practices and validating new ideas. He is also teaching an online course, No Code MVP, and is working on his new idea, seedrounds.eu, which is aimed at improving deal flow for investors. The main TLDR he wants to share with everyone is, “fucking around the internet can pay off.” Links: Product Hunt - https://www.producthunt.com/ Startup Stash - https://startupstash.com/ Microacquire - https://microacquire.com LAUNCH Conference - https://launch.is/ Road to Scale - https://roadtoscale.com/ No Code MVP - https://nocodemvp.com/ Seedrounds.eu - https://seedrounds.eu/ Bram on Twitter - https://twitter.com/bramk Additional Episodes If You Enjoyed: Kevin Espiritu: Bootstrapping Epic Gardening to 8 figures by mixing Media + D2C Biz models. Oh and Poker, Pink Pineapples, and Male Models Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) David Perell: Intellectual Openness & Mental Models for Success If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

Chris says he isn’t the best poker player in the world, but he may be the most profitable. Pro poker player Chris Sparks is training for the highest-stakes tournament he has ever played in after a long sabbatical. He says he has already decided he is going to win, and now he is doing the necessary things to create that outcome. What is the dynamic amongst poker friends? Chris says “frenemies” – all bets are off when the cards are on the table. Chris only plays when he expects to make money, and elaborates on the role of recreational players, stating that if you can’t recognize the fish at the poker table, you are the fish. In the poker world, the meta skill of finding good games, of getting invited, and staying invited are critical. A good example is how Chris got invited to a famous comedian’s poker parties multiple times. Chris recounts these parties that feature full sets of dealers, cocktail waitresses, and masseuses--and it all ends when the comedian gets tired. We talk about Chris’s consulting agency, Forcing Function, travel, and living with one of the world’s best pianists. Currently, Chris is coming out of a sabbatical and is preparing to play his largest tournament to date, with the prize pool potentially reaching seven figures. For Chris, everything is a bet. But with any bet, the decision should be weighed with the things surrounding it and you go in with eyes wide open. Links Chris’ Website - https://www.chrissparks.io/ Forcing Function - https://www.forcingfunction.com/ Chris Spark’s essay on Poker: Play to Win: Meta-Skills in High Stakes Poker Rounders Movie - https://www.youtube.com/watch?v=9r-K5dmt0Rc Molly’s Game movie - https://www.youtube.com/watch?v=Vu4UPet8Nyc The Artist’s Way by Julia Cameron - https://amzn.to/3ljtOIh Forcing Function Podcast - https://www.forcingfunction.com/podcast Forcing Function Performance Library - https://www.forcingfunction.com/library Experiment without limits workbook - https://www.forcingfunction.com/workbook The Fifth Discipline Field Book by Peter Senge - https://amzn.to/3I5rrCU The Systems Bible by John Gall - https://amzn.to/3D3S9bj Additional Episodes If You Enjoyed: Kevin Espiritu: Bootstrapping Epic Gardening to 8 figures by mixing Media + D2C Biz models. Oh and Poker, Pink Pineapples, and Male Models Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) David Perell: Intellectual Openness & Mental Models for Success If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

This week’s guest is my friend, Kevin Espiritu. Kevin is the founder of Epic Gardening, the world’s biggest gardening education platform. We became good friends over the internet--Kevin and I talked about the trend of parasocial relationships and how you can get to know someone despite having little to no in-person interaction. We talked about how Kevin transitioned from making a living out of playing poker, to building websites, to marketing and blogging, and finally, working full-time on Epic Gardening. This project went on to garner the biggest gardening audiences on YouTube, TikTok, and Instagram and has branched into direct-to-consumer business without any ad spend. Kevin relates his mistake in scaling the company revenue faster than he built the team, saying he likely left growth on the table. Leveraging people was a challenge at first. He says he thinks of himself more as a content creator and not really as a writer or YouTuber or podcaster, which eventually helped ease the process of trusting new team members to take on such responsibilities as he grew the company. Kevin is now raising PE money and making an acquisition as an independent entrepreneur. We’ve had such a wonderful conversation that goes beyond Epic Gardening and into fun stuff like how creators can implement web3 tools, Kevin's short career as a male model, pink pineapple piracy, and so much more. Additional Resources Epic Gardening - https://www.epicgardening.com/ Epic Gardening on YouTube - https://www.youtube.com/user/EpicGardening Epic Gardening on Facebook - https://www.facebook.com/epicgardening Epic Gardening on Instagram - https://www.instagram.com/epicgardening/ Epic Gardening on Tik Tok - https://www.tiktok.com/@epicgardening The Epic Gardening Podcast - https://podcasts.apple.com/us/podcast/epic-gardening-daily-growing-tips-and-advice/id1221085548 Scribe Media - https://scribemedia.com/ Missouri Star Quilt Company - https://www.missouriquiltco.com/ The Fish that Ate the Whale by Rich Cohen - https://www.amazon.com/Fish-That-Ate-Whale-Americas/dp/1250033314 Additional Episodes If You Enjoyed: Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Nick Huber: How to Build Leverage, Buy Businesses, and Go Viral on Twitter If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

This week’s guest is David Perell. David is a creator, a writer, and a teacher at his massively successful online writing course, called Write of Passage. The success of his course gave me inspiration for my own course, and gives me fundamental optimism about the future of education. David and I have been friends for years, so this is less of an interview and more of a one-sided hang-session, where I get the pleasure of drawing out new ideas and experiences from David that I haven’t heard before. This is… basically what it’s like to hang out with us in person, and I’ll let you decide if that’s a good thing or not :). David is a man of endless-energy. He is reference-rife and story-stacked. I always have a great time talking with David, and I welcome you to join the conversation. As always, additional resources to enrich your experience below: Topics Covered: The upcoming Porter Robinson documentary that David is working on. How David applied the ideas of Peter Thiel to… everything in life How to learn writing the fun way (less grammar more jammin) Mental models for building successful products and companies What it means for something to “move” us The most interesting modern art form of today What deliberate consumption looks like Additional Resources: The Economy is Mind-Bogglingly Huge — Eric Jorgenson Practice Analytically, Perform Intuitively - David Perell My Principles of Company Building - David Perell Peter Thiel's Religion - David Perell Saving the Liberal Arts - David Perell David's Essays Write of Passage Course David's Twitter David’s Newsletter Eric Jorgenson Newsletter Eric Jorgenson Twitter Additional Episodes If You Enjoyed: Solocast: Metagames, Feedback Loops and Transcending The Muggle World Joe Hertler: Tapping Into Creative Genius & Pursuing Joy Through Creativity Huge thanks to Modern Stoa (modernstoa.co) for their help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit the founder up on Twitter (@consumersky) or Instagram (@iamaskyking). If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!

Today, my guest is Dan Reecer. Dan joined the crypto world 3 years ago instead of going to get his MBA, and is now VP of Growth for Acala, the Defi Network launching soon on the Polkadot Blockchain Platform. Don’t worry, all of those words get explained in the podcast. In this conversation, I try to bring us all (myself included) from basics to applications of blockchain, and help us all see around the next few corners we’ll all go through together over the next decade. We talk about: Dan’s path to working in crypto, what Polkadot is, where it came from, why it’s different from Bitcoin and Ethereum, and how crypto will benefit people not already in the space. Additional resources to help enrich your experience below: (I encourage you to go play around with some of these tools and technologies. Things start to click when you actually use them and feel them work.) Topics Covered: What is Polkadot? Where Polkadot came from and why it’s different from Bitcoin and Ethereum What does a multi-chain future look like? Why do we need that? What problems does Polkadot solve? What is Acala? How crypto will benefit normal people Dan’s path to working in Crypto Additional Resources: The Infinite Machine book by Camilla Russo Dan Reecer’s Twitter Polkadot Twitter Acala Twitter Eric Jorgenson Newsletter Eric Jorgenson Twitter Additional Episodes If You Enjoyed: Sky King: The Next Level of the Internet, Decentralization, and Becoming a Player in the Game of Life Jason Hitchcock: Your Guide to Web3 (DeFi, NFTs, and The Metaverse) Sean O’Connor: How Blockchain is Changing Society with Costless Transactions Simon Judd: How Index Coop is building Crypto Index products Huge thanks to Modern Stoa (modernstoa.co) for their help on creating and growing this very podcast you’re listening to now. If you need help with podcast growth or monetization, go to modernstoa.co or hit the founder up on Twitter (@consumersky) or Instagram (@iamaskyking). If you want to support the podcast, here are a few ways you can: >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Share the podcast with your friends and on social media >> Give the podcast a positive review to help us reach new listeners >> Make a weekly, monthly, or one-time donation: https://app.omella.com/o/9Bufa >> Follow me on Twitter: @ericjorgenson >> Follow @FirstsFamous on Twitter >> Learn more and sign up for the “Building a Mountain of Levers” course and community: https://www.ejorgenson.com/leverage I appreciate your support!