Jorgenson's Soundbox

Topics: (00:00:00) - Intro (00:03:45) - Who are your heroes? (00:05:16) - What is something you've had to teach yourself that's become a core part of your identity? (00:07:34) - Taking a sabbatical post-exit (00:09:30) - Going back into entrepreneurship (00:12:52) - How to kill two-factor auth (00:14:34) - When to split a company into two companies (00:18:04) - Who is the customer of iDeem? (00:22:37) - Verified Credentials (00:28:31) - Fighting fraud with technology (00:30:14) - The story of eyeVerify (00:49:09) - The new technology trends pushing iDeem (00:52:01) - The build process of a global start-up from Middle-America Links: Ideem - https://www.useideem.com/ Toby on X - https://x.com/TobiasRush Toby on LinkedIn - https://www.linkedin.com/in/tobiasrush/ To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! We discuss: Why tying your identity to your company can be both a strength and a liability The critical decision to shut down a beautiful but unused blockchain product—and return investor money How trusted digital IDs could change how we prove who we are—from checking out online to entering a secure facility Why simply having a trusted device could be a stronger way to log in and why invisible two-factor might be the future What it's like to run a global fintech startup from Kansas City and the cultural learnings that come with it Quotes from Toby: “When the company is dying, that doesn't mean I'm dying. And when it's thriving, that doesn't mean I'm a good person.” “You should absolutely take a window of time when one chapter ends—just having time to yourself is all the justification you need.” “Two-factor authentication is alive and well—it's just invisible now.” “We reduce friction for the user, fraud for the merchant, and cost for everyone.” “If you're serving two totally different customers with one product, you probably have two companies.” “The magic moment is at checkout—remove friction there and everything gets better.” “Passwords are terrible. If I can just look at my phone and log in, that's a win.” “You need friends who can sing your soul's song back to you when you've lost the melody.” “From almost out of money to a $100 million term sheet in five weeks—that's the startup rollercoaster.” “Authenticity, credibility, and trust are incalculable in value.” “If the thesis is right but the timing is off, you can build something beautiful that no one uses.” “Stop with the techno-babble. We won't call them NFTs—we'll just call them useful.” Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. 

Topics: (00:00:00) - Intro   (00:00:45) - Introducing Nat Eliason   (00:01:27) - Nat's Diverse Career and Writing Journey   (00:01:47) - The Transition from Nonfiction to Fiction   (00:02:13) - The Seven Act Structure and Writing Process   (00:02:44) - Publishing with Scribe and Launching Husk   (00:03:24) - The Rewards and Challenges of Writing   (00:04:29) - Building an Audience and Marketing Strategies   (00:06:54) - Balancing Writing with Other Ventures   (00:09:09) - The Reality of a Writing Career   (00:10:49) - The Importance of Consistency and Commitment   (00:22:37) - Navigating Traditional and Self-Publishing   (00:23:05) - The Journey to Becoming an Author   (00:40:56) - Exploring the Shift from Nonfiction to Fiction   (00:41:40) - The Joy of Storytelling in Fiction   (00:44:00) - Challenges and Rewards of Writing Fiction   (00:47:44) - Outlining and Structuring Fictional Works   (00:57:38) - Marketing and Selling Self-Published Books   (01:10:38) - The Future of an Author's Career   (01:18:18) - Conclusion and Recommendations   Links: Nat on X Nat's Website Crypto Confidential Husk To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.  Quotes from Nat: “Writing is the one thing I love doing enough to commit to for the next 30 years.” “Traditional publishing taught me how to make a really good book, but I wouldn't do it again.” “Holding your book for the first time—and shipping it yourself to your first readers—is pure magic.” “The best marketing for your book is writing the next one—that's the fiction game.” “I used to chase whatever was interesting… now I'm building something I want to last 30 years.” “Fiction lets me explore big ideas without pretending to be an expert.” “The self-pub stigma is fading… especially when the book looks and reads like a trad pub hit.” “Characters start doing things I didn't plan—then I realize, oh, that's why they're here.” “There's no product in the world like a book—you can sell the same file for 50 years.” “My dream is to have a warehouse full of books I wrote. That's the romantic version of success.”

Topics: (00:00:00) - Intro (00:03:30) - What's the most important thing you've ever learned? (00:07:23) - Learning to Learn (00:11:20) - How learning changes as you age (00:18:51) - How do you think about your circle of competence? (00:22:21) - The future of book publishing and how authors adapt (00:35:29) - AI disruption in book publishing (00:47:56) - Jim's inaugural book: Two Thoughts (00:56:46) - LLMs for authors, and UBI Links: Jim on X Infinite Loops Podcast Infinite Books O'Shaughnessy Ventures Margins: Book Tracker To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! Here's what we explored in the episode: "The most important thing I learned was how to learn and unlearn... most people are never taught it. It is something that, almost by definition, you have to do yourself." It's important for leaders to admit when they are uncertain, and lead a culture of open-mindedness. It's important to adapt to new environments, not cling to outdated practices. There's an upcoming shift toward AI-driven, author-friendly publishing models that reduce inefficiencies and empower writers. Jim predicts AI will allow a “tsunami of slop” content and open huge opportunities in curation. In a world of abundant content, good taste and effective curation will be very profitable. Jim shares his evolving views on Universal Basic Income (UBI), arguing for experimentation to address societal shifts caused by technological advancements. Understanding opposing viewpoints to refine one's perspectives helps make better decisions. Jim uses AI to force him to debate and understand his own opinions better. Jim credits his success to a lifelong commitment to curiosity, whether through broad reading or questioning established norms. "Curiosity is a shit starter. It ignited my curiosity to the point where I just voraciously read everything." Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Topics: (00:00:00) - Intro (00:05:25) - Studying both Medieval History and Engineering (00:09:48) - Founding Speculative Technologies (00:11:25) - Defining “Useful” in Science and Technology (00:13:46) - Building the roadmap of discoveries to unlock futuristic tech (00:17:24) - The need for new institutions (00:25:22) - Why focus on material science and manufacturing technologies (00:46:57) -  The day-to-day work and impact of Speculative Technologies Links: Speculative Technologies Ben on X Ben's website To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! Here's what we explored in the episode: How studying history helps us see the present and the future more clearly.  Ben's vision is to work with founders who are not just chasing profits but are driven by the desire to solve meaningful problems. Most successful concepts emerge from multiple rounds of experimentation. As institutions evolve, gaps formed around important research that used to be funded by universities or R&D labs of corporations. Ben is building a non-profit to fill that gap.  Ben shared why he chose to invest in startups rather than founding his own. Ben invests in "physics-enabled" startups that apply scientific principles to solve tough problems. For startups to be successful, there needs to be an alignment of motivations between investors and founders. Founders should approach investors with clarity about their vision and expect honesty and support in return. There are significant global issues that aren't being addressed by startups and opportunity abounds. Leaders must build complementary teams where members fill each other's gaps, particularly in technical and strategic expertise. There's a need for effective communication to bridge gaps between technical experts and the broader public. (hopefully some of what we're doing here!)  If you're looking for non-profit causes for your philanthropic donations, SpecTech may be among the highest-leverage ways to advance human civilization through donations.  Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Topics: (00:00:00) - Intro (00:03:13) - Catching up (00:13:14) - Making Earth (even more) Habitable by Controlling Weather (00:26:54) - Doug Burgum: Next Secretary of the Dept. of the Interior (00:31:30) - Building Rainmaker (00:44:19) - Are we short on clean water in America today? (00:50:37) - Drones, precipitation, cloud seeding, and the future Links: Rainmaker Augustus on X Augustus' Thread on Doug Burgum To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! Here's what we explored in the episode: Inspired by projects like China's Green Wall, Rainmaker aims to terraform deserts into lush, habitable landscapes. Water scarcity can be solved by creating more water rather than just conserving to stay in the existing limits.  There are already severely water-constrained communities and farms, especially in the American west and Southwest.  Rainmaker's cloud seeding program uses custom drones, radar, and safe, common chemical compounds.  Cloud-seeding is decades-old tech. The breakthrough was a new radar to precisely measure the effectiveness of cloud-seeding efforts.  China has more than 40,000 working on weather modification projects. The U.S. can catch up by supporting private sector innovation. Rainmaker is actively recruiting passionate engineers ready to work on cutting-edge tech. Being close to the frontier of innovation naturally drives the creation of new technologies and opportunities. Lots of examples inside Rainmaker.  A commission in the book of Genesis in the Bible to steward the garden and take care of God's creation is an intrinsic part of Rainmaker's purpose. Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Topics: (00:00:00) - Intro (00:04:24) - Watching the moon landing (00:07:32) - Klaus' career (00:10:08) - Why Klaus wrote Leading To Thrive (00:15:13) - Energy management, not time management (00:19:37) - How do you implement these tactics in business? (00:23:46) - Spiritual energy (00:37:36) - Managing energy for life, work, and family & business (00:54:52) - Instilling purpose as a leader (01:04:59) - How do you approach balancing stakeholders? (01:07:50) - What do you look for when building a team? (01:12:01) - Closing advice Links: Leading to Thrive by Klaus Kleinfeld Klaus on LinkedIn To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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! Here's what we explored in the episode: Watching the moon landing as a child from East Germany inspired Klaus' lifelong belief in the strength of human innovation. Shifting from time management to energy management. Finding your purpose is like "focusing a laser" that channels diffuse energy to achieve extraordinary results. From observing professional tennis players, Klaus learned how mental toughness and micro-recharges help maintain peak performance. Controlled breathing is a simple but powerful tool to manage emotions and maintain focus during high-pressure moments. Klaus helped transform and restore purpose to Siemens' struggling angiography division with the most impactful team meeting you can imagine.  Aligning a team's work with a meaningful purpose motivates teams and improves long-term performance. His book was born from a desire to share lessons with young leaders, his daughters, and others seeking balance and performance. Creating memorable moments with his family helped Klaus maintain strong relationships despite a demanding career. You can instill urgency and align teams by clearly communicating that a situation absolutely requires change. Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. 

Links: Scribe Media Paul's website The Pathless Path by Paul Millerd Good Work by Paul Millerd Paul on X Topics: (00:00:00) - Intro (00:03:15) - Introducing Paul, and the early days of the publishing industry. (00:06:48) - The earliest days of publishing, distribution of profit, and printing methods. (00:17:46) - The 2014 E-book collusion (00:20:27) - The self-publishing surge, the $4.99 sweet spot, and where authors can optimize. (00:24:47)- The history of paperbacks (00:37:28) - Book deals and agents (00:48:15) - The India market, publisher problems, and compounding disinterest. (01:06:06) - The future of publishing To support this podcast:  >> Explore writing or publishing your book with Scribe: Scribemedia.com >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  Here's what we explored in the episode: We dive deep into the quirky history of the publishing industry, tracing it all the way back to the 1400s. In the 19th century, authors could increase their earnings by co-investing in fixed costs, like print plates and bookbinding. Traditional Publishing has always seen hardcovers as “the real books” and sought to protect them and their profits.  Trade paperback was published only after a successful hardcover, with those rights often sold separately.  Self-publishing changed the game for authors, with Amazon enabling print-on-demand and much higher royalty percentages. If you are an author signing with a traditional publisher, realize YOU ARE NOT THE CUSTOMER–book retailers are their customers. Lots of authors who earned big money retained their rights. Stephen King retained his paperback rights an early successful book. After the hardcover version succeeded, he sold those rights for $400,000 Harper Lee made significant earnings from To Kill a Mockingbird by retaining movie adaptation rights. Tom Clancy held on to his film and international rights. This later became highly lucrative as his popularity grew and more of his books got adaptations. Traditional Publishers often prioritize prestige, tradition, and their profits – which doesn't always align with author's goals.  Indie authors can now disregard tradition and experiment with pricing strategies to maximize reach, revenue, and their own personal results.    Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. 

This is a replay of episode 34 of this podcast. 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   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.

This episode is a replay of episode 22 of this podcast. 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 Topics: (0:08) - Introducing the Web3 discussion (4:13) - What is the Blockchain? (6:06) - Lowering transaction costs across Web1, Web2 & Web3 (9:46) - Creating cheap, digital scarcity (12:12) - Why does the blockchain matter? Trust & Decentralization (18:50) - What happens when blockchains are deployed? Digital and Physical impacts. (26:26) - Technological Revolutions & Financial Capital by Carlotta Perez (28:23) - DAO: Distributed Autonomous Organization (30:51) - Predictions: The biggest networks will be bigger than the biggest companies (39:03) - Wrap Up: What do you have to do? (42:02) - Web3 is supposed to be fun!

[This is a replay of episode #002] Andrew Wilkinson is the co-founder of Tiny, a venture capital firm that has helped to build over 25 profitable internet businesses over the last 15 years. He got his start founding MetaLab, one of the world's top design agencies. He has gone from working out of his apartment a little over a decade ago, to today overseeing a group of companies with over 300 employees and tens of millions in revenue. To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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: (00:00:00) - Intro (00:03:24) - Recapping FoundersOnly Conference (00:36:36) - Helping others first (00:44:32) - Baldridge updates & the power of working hard (01:03:46) - How do you want to spend your time? (01:10:38) - Great book recs, Scribe, and the knowledge gap (01:44:38) - Unethical founders (02:00:56) - Optimizing for usefulness Links: Founders Podcast Mitchell Baldridge on X Get in touch with Mitchell David Senra on X Perplexity AI Books: Hard Drive by James Wallace So Good They Can't Ignore You by Cal Newport Born Standing Up by Steve Martin Jerry Seinfeld in GQ Zero to One by Peter Thiel To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  Important quotes from David Senra and Mitchell Baldridge: "People don't see things as they are, we see them as we are. And so like we could write a book on this two-hour or whatever long conversation we've had and every single person's going to have a different perspective." — David Senra "I'm here to be the best in the world at what I'm doing. And then you get around other people like that. Like we just talked about Mike Ovitz. You think he was optimizing for days on the golf course?" — David Senra “I wake up every day more obsessed to the point where, like, if this continues, we're going to have to be concerned about me. And what I love is I'm really trying to go after it.” — David Senra "Books don't have to make money to make you money." — Mitchell Baldridge "Mute the world and build your own world and it's like part of building your own world you don't want to start from zero like a feral child in the middle of the woods." — Mitchell Baldridge

Topics: (00:00:00) - Intro (00:03:52) - The Gardener of Systems (00:07:43) - Builders vs. Gardeners (00:11:09) - Who are the best farmers of miracles? (00:16:52) - How did you become a “systems” person? (00:23:45) - What does Systems Thinking look like for you? (00:53:09) - Alex's Slime Mold deck (00:55:12) - The iterative, adjacent possible (00:59:53) - Alex's experience at Google (01:03:12) - AI uses and potentials (01:17:54) - Book recommendations Links: Alex's website Alex on X Alex on LinkedIn Emergence by Steven Johnson The Systems Bible by John Gall The Origin of Wealth by Eric Beinhocker To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  Important quotes from Alex Komoroske: "I think that to really wrestle with systems you have to let go and just dance with the system." — Alex Komoroske "I like the word gardening because it underlines that you are not in control of this system. You are influencing it." — Alex Komoroske "The builder gets immediately to work, but the gardener understands that other things can be alive." — Alex Komoroske "Technology should be about helping people create and use hand-tuned tools to extend their agency in collaborative ways." — Alex Komoroske "If people who are very unlike each other all find it interesting or intriguing, that's a good sign that it will spread out to be a very large audience." — Alex Komoroske

Topics: (00:00:00) - Intro (00:04:43) - Russian interpretations of friendship (00:09:28) - Thoughts on the state of society and its rate of technological adoption (00:13:22) - Creating alliances between entrepreneurs, capitalists, and scientists (00:17:17) - Rick Rubin on Creativity in Investing (00:20:55) - Does Taste exist in the world of VC? (00:26:06) - Becoming a better Communicator (00:40:59) - What archetypes do you see in the folks you work with? (00:44:18) - Arkady's background and career (01:00:34) - Arkady's thesis and technical due diligence for rpv (01:11:26) - Companies Arkady is excited about (01:16:55) - What important problems are you not seeing pursued? (01:21:11) - How can people get in touch with you? Links: Arkady on LinkedIn Rpv Venture Fund Specialist by Robert Sheckley The Creative Act by Rick Rubin To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  Important quotes from Arkady Kulik: "Good communication is essential to avoid conflicts and build better relationships, both personally and professionally." — Arkady Kulik "Aligning visions with founders is critical. It's not just about the business, it's about shared values and missions." — Arkady Kulik "The alliance between entrepreneurs and scientists is the key to unlocking humanity's transition to an advanced civilization." — Arkady Kulik "Technology is the only source of never-ending growth. Our ability to reshape what we have with a small amount of resources into something fantastic is a never-ending source of creativity." — Arkady Kulik "People who are not true to themselves and lie to themselves are not founder material. The people who don't lie to themselves and know what they are trying to do are the ones who can actually get there." — Arkady Kulik

Topics: (00:00:00) - Intro (00:05:10) - The decision to live in Idaho (00:08:21) - Nathan's flying hobby (00:15:09) - Building Flywheels (00:46:07) - Incentive compensation and giving people ownership (01:06:39) - Inflection points in building ConverKit (01:14:16) - How to work on a ton of things (01:23:15) - What are the rules of thumb you use the most in life? Links: Nathan Barry on X ConvertKit Nathan's website Elon Musk by Walter Isaacson Good to Great by Jim Collins Small Giants by Bo Burlingham To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  Important quotes from Nathan Barry on building audience, wealth, and startups: "If I look back at all the good things that have happened in my career in the last 3 years, they all come from writing. One little habit of writing 1,000 words a day revolutionized my career." — Nathan Barry "ATTENTION IS THE MOST VALUABLE RESOURCE" — Nathan Barry "When you start writing you don't have to worry about crafting perfect prose. Instead you just need to focus on teaching useful skills." — Nathan Barry Making money is a skill—like playing the drums or piano—that you can get better at over time.  I wouldn't expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.  This is why most first companies fail. — Nathan Barry, Ladders of Wealth Creation

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 2020), Zaarly (acq 2020). BS in Biomedical Engineering from SMU, MBA at HBS. Once drank a whole gallon of milk in an hour. (Twitter, LinkedIn) Eric Jorgenson - CEO at Scribe Media. Author of Almanack of Naval Ravikant. Has a podcast. Barely graduated from a state school. Received a cease & desist from Craigslist for some frowned-upon marketing techniques. (Twitter, LinkedIn) Topics: (00:00:00) - Intro (00:02:49) - Showing love for new LPs (00:10:25) - Q1 New Investment: Dirac (00:16:23) - Q1 New Investment: Reactiv (00:26:53) - Q1 New Investment: Longshot (00:34:44) - How Founders can find lead investors (00:52:05) - Stell Engineering raised a Seed round!  To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  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   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 Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 2020), Zaarly (acq 2020). BS in Biomedical Engineering from SMU, MBA at HBS. Completed the ‘impossible' Gallon Challenge, drinking a whole gallon of milk in an hour. (Twitter, LinkedIn) Eric Jorgenson - Founding team of Zaarly. Author of Almanack of Naval Ravikant. Has a podcast. Barely graduated from a state school. Received a cease & desist from Craigslist for some frowned-upon marketing techniques. (Twitter, LinkedIn) Topics: (00:00:00) - Intro (00:00:06) - Warming up the vocals/ catching up (00:09:14) - Q4 Catch-up and new deal flow (00:15:16) - Portola (00:41:40) - Atomic Industries  To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  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   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 Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Links: Atom Limbs Waitlist Crowdfunding Round - Wefunder Tyler on X Topics: (00:00:00) - Intro (00:02:19) - Inside building Atom Limbs   (00:18:37) - The process of researching what knowledge was needed to build this company (00:27:26) - Feedback loops in prosthetics (00:29:23) - Where is Atom Limbs today? (00:40:48) - Wild, irresponsible speculation: Where do you hope this company will be in 50 years? (00:48:30) - Are there ways for these prosthetics to extend lifespan? (00:52:21) - What's the price point you're speculating for a prosthetic? (00:55:32) - How do you see the next 18 months playing out? (01:03:16) - How can people support you? To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  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   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 Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.

Links: Garrett Scott on X Pipedream Labs Topics: (00:00:00) - Intro (00:03:00) - Pipedream (00:08:33) - What's the existing infrastructure for this product? (00:12:55) - Finding geographical partners (00:14:52) - Hyperlogistics, regulations, and long-tail e-commerce (00:30:35) - What are the toughest technical problems? (00:34:32) - The ability to master multiple disciplines (00:37:18) - The challenge of implementation (00:42:20) - Finding partnerships and building trust (00:47:46) - How did you become the person who's pursuing this? (00:52:30) - The first 18 months of ideating Pipedream (00:56:47) - What's the 50-year projection for hyperlogistics? (01:01:31) - How can people be helpful to the mission To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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!  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   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 Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. 

Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Ouros AltHQ Zencastr Atom Limbs General Fabrication Company Topics: (00:00:00) - Intro (00:02:57) - Dear Listener (00:09:44) - Eric's life as a CEO & Scribe (00:17:14) – Rolling Fun Q2 Investments (00:30:21) - Rolling Fun Q3 Investments (00:41:26) - Lessons from playing basketball with Mr. Beast for 3 days To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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 Senra on X Mitchell on X Founders Podcast Better Bookkeeping Mentioned on the episode: Fiftyyears.com Foundersonly.com Poor Charlie's Almanac Liar's Poker Atomic Habits The Pathless Path Morgan Housel books Tren Griffin Blog - 25iq Brent Beshore on meeting Charlie Munger Who is Michael Ovitz? Powerhouse by James Andrew Miller The Eternal Pursuit of Unhappiness  Blake Robbins on Twitter Topics: (00:00:00) - Intro (00:03:53) - David - Product launching machine & the power of building relationships (00:24:18) - Thoughts on Podcast advertising  (00:31:35) - Book Publishing (00:38:27) - Eric's new life as a CEO (00:59:23) - The permissionless adding of value (01:13:08) - The Power of Podcasting  (01:17:04) - Updates on the Baldridge Empire (01:34:19) - Reflecting on Main St. Summit (01:56:57) - Book recommendations (02:08:24) - Hire a paid critic (02:22:30) - Wrap up To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.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 for Matt's stuff: Aalo.com Matt on Twitter Aalo on Twitter Aalo Job Board Link to invest alongside Eric in deals like Aalo: rolling.fun Links to stuff mentioned: Decouple Podcast Titans of Nuclear Podcast Nuclear Barbarian Substack Atomic Awakening by James Mahaffey Why Nuclear Power Has Been a Flop by Jack Devanney Topics: (00:03:08) How the popular opinion of nuclear has changed from the 1950's (00:15:16) The regulation issues surrounding nuclear (00:17:20) Water-based nuclear reactors vs. advanced nuclear reactors (00:19:40) Matt's journey into nuclear energy (00:34:42) Aalo's strategy (00:41:12) What is the TAM for this nuclear microreactors? (00:45:53) The manufacturing process for a nuclear plant (00:48:51) The nuclear supply chain (00:50:01) The change in public opinion on nuclear energy (00:55:56) Support for nuclear energy in the VC world (01:01:12) Recommendations for learning more about the sustainable energy industry (01:03:30) What do you look for when hiring?   To support this podcast: >> Join the free weekly email list at ejorgenson.com/newsletter >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! 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   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 Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start. 

Links: Andrew on Twitter Andrew's Substack Thea Energy The AI Salon Technological Revolutions and Financial Capital by Carlota Perez Topics: (00:00:00) Eric welcomes you to the episode (00:03:20) The rocketing popularity of superconductors (00:05:28) The LK-99 Superconductor Breakthrough (00:19:44) How to commercialize room-temp superconductors (00:25:36) The value of superconductors and their impact (00:34:16) When will Nuclear Fusion produce energy?  (00:52:08) The overlap of engineering and science (00:57:48) Understanding the physics behind economics (01:03:53) How technology breakthroughs affect civilization  (01:13:16) Predicting second-order economic effects from introducing this technology, punctuated equilibrium &  (01:18:00) Crazy biotech breakthroughs (01:21:47) How much of a breakthrough in the superconductor do we actually have? (01:27:15) Where to get more of Andrew Cote What's Happening with Superconductors RIGHT NOW Researchers have spent their entire careers researching room-temperature Superconductors. It's one of the Holy Grails of material science. About a week ago, two papers were published simultaneously claiming a breakthrough – actual Room-Temperature Superconducting Materials, created in a lab in Korea. There seems to be big drama between the scientists. A nobel prize may be at stake. Or even scientific immortality. It's not the main story and there are many unconfirmed details, I won't go into it here, but @8teAPi is basically live-tweeting an HBO series so follow them for that angle.  We might be one week into a MASSIVE change in humanity, seeing the first ripples of a coming tidal wave.  Now, RIGHT now, there are thousands of scientists all over the world working frantically to reprocuce these results, confirm theory, run simulations, and improve methodologies. It is INCREDIBLE to see the scientific base of humanity from all over the world rise as one and tackle this opportunity. Feel like a scene from a Michael Bay movie, but nerdier. Here is what they're working on… Superconductors put simply Superconductors are materials with zero electrical resistance. Normally, when energy moves between sources (an outlet to a phone battery), or over distance (through wires and power lines) there is loss of energy. Some estimates of that loss between generation and end user are 66%!! With zero resistance transmission materials, there could be near-zero loss of energy. Cost of energy could fall by one-third JUST by improving transmission. That would be great – and just the beginning. I'm sure this description would make a Physics PhD cringe, but hey it's my first week. The problem is so far all of our superconductors only work at insanely cold temperatures. Those are complex and expensive to maintain, so superconductors have only been used very rarely in special circumstances to date. Superconductors that work at room temperature would be an enormous breakthrough, making them less finnicky and cheaper to operate. We could put superconducting materials many more places like power lines, wires, computers, transportation, etc.  Why is everyone SO DAMN EXCITED about the impact of room-temperature superconductors? So glad you asked… Why It Matters “If successful LK-99 would be a watershed moment for humanity easily on-par with invention of the transistor. Overnight, we revolutionize all of electronics and energy.” -Andrew Cote To support this podcast: >> Join the free weekly email list at ejorgenson.com/newsletter >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!

Links: Center for Growth and Opportunity Where's my Flying Car by J. Storrs Hall Eli on Twitter Eli's Substack Ethan on Twitter Ouros Energy Episode #32 of Smart Friends: book recap of Where's My Flying Car? Episode #34 of Smart Friends w/ J. Storrs Hall Episode #58 of Smart Friends w/ Brett Kugelmass Timestamps: (00:04:09) Eli Dourado & Ethan Loosbrock's backgrounds (00:05:53) Impact of Next-Gen Batteries on the future: Flying Cars, EVTOL Jets, Electric Vehicles, AR Contact Lenses, Off-Grid Power, and more. (00:10:51) Lithium-Ion Battery's role in sustainable energy (00:11:52) Higher Energy density is the key metric for battery quality (00:27:18) Why Ethan Loosbrock devoted his life to battery technology (00:30:55) How Ethan Loosbrock and Eli Dourado met and worked together  (00:33:32) What needs to happen to change the world through batteries (00:43:02) Starting Ouros Energy, the Standard Oil of Batteries 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 Stuff mentioned: Jocko Go Drink Capital Camp People mentioned: Jeremy Giffon on Twitter Brent Beshore on Twitter Clayton Dorge - CEO of Capital Camp Books mentioned: Setting the Table by Danny Meyer Becoming Trader Joe by Joe Coulombe In-N-Out Burger: A Behind-the-Counter Look at the Fast Food Chain That Breaks All the Rules by Stacy Perman Sam Walton: Made in America The Power Broker: Robert Moses and the Fall of New York by Robert Caro The Creative Act by Rick Rubin Creative Selection: Inside Apple's Design Process During the Golden Age of Steve Jobs by Ken Kocienda Podcasts mentioned: Jocko Podcast Modern Wisdom w/ Chris Williamson Founders episode 305 - Robert Caro Invest like the Best w/ Sam Hinkie  Smart Friends - Kevin Espiritu Invest like the Best with Peter Chernin Acquired - Louis Vuitton Audience of one with Jeremy Giffon Infinite Loops: Billy Oppenheimer Timestamps (00:04:09) David & Jocko Go: a Love Story (00:15:49) Recapping Capital Camp (00:40:35) The power of audio & writing, Sam Hinkie, Podcast recommendations (00:50:37) Finding conviction in your career pursuits (00:56:58) The opportunity for niche businesses (01:06:29) Power Leaking & the HoldCo phenomenon (01:21:47) Favorite moments from Capital Camp (02:00:49) The power of taste (02:09:23) The Climb and the Summit 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 Epic Gardening Kevin Espiritu on YouTube Creator Capitalists post from Eric Kevin's first appearance on Smart Friends Scribemedia.com/consult Timestamps (00:04:23) Kevin's career leading to content (00:14:00) What did raising capital unlock for you? (00:20:36) Attaching a dollar value to your niche (00:27:08) What is your high-leverage work today? (00:28:24) What do you see for Epic Gardening over the next 10 years? (00:29:43) What other places can this playbook work? (00:37:29) Being *good* on every platform (00:39:00) Not thinking about “Marketing” (00:40:41) Is it easier to start with media and attach commerce after? (00:46:52) The importance of authenticity (00:53:55) Q&A (01:03:00) Wrap up 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: (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:   (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. 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     Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media). - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They're the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can't code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   “We live in an age of infinite leverage, and the economic rewards for genuine intellectual curiosity have never been higher. Following your genuine intellectual curiosity is a better foundation for a career than following whatever is making money right now.” - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That's a fine way to start.    But usually, the real wealth is created by starting your own companies or even by investing. In an investment firm, they're buying equity. These are the routes to wealth. It doesn't come through the hours. - Naval Ravikant