Podcasts about angel how

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Best podcasts about angel how

Latest podcast episodes about angel how

Future Squared with Steve Glaveski - Helping You Navigate a Brave New World
Rebroadcast: Jason Calacanis on Angel Investing and Corporate Venture Capital (2017)

Future Squared with Steve Glaveski - Helping You Navigate a Brave New World

Play Episode Listen Later Jun 8, 2023 63:16


Originally published: 2017 Jason Calacanis is a tech entrepreneur, wildly successful angel investor, and the host of the popular weekly podcast This Week in Startups. He's the founder of a series of conferences that bring entrepreneurs together with potential investors. As a “scout” for top-tier Silicon Valley venture capital firm Sequoia Capital and later as an angel investor, Jason has invested in 150 early-stage startups including four that have achieved billion-dollar valuations (so far) such as Uber, Evernote and Tumblr. Jason's newly released book "Angel: How to Invest in Technology Startups: Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000" puts readers inside the minds of successful angel investors, helping to understand how they prioritize and make the decisions that have resulted in phenomenal profits. Jason provides a step by step roadmap, revealing how leading investors evaluate new ventures, calculating the risks and rewards, and explains how the best startups leverage relationships with angel investors for the best results. In this episode we go back to Jason's rough upbringing in Brooklyn, NY in the early 80s and cover a lot of ground leading up to the present day so you can expect to learn a lot of things, including: How to pick a billion dollar founder or startup How to bounce back from failure What Jason thinks of and what advice he has for corporates investing in startups All topics discussed: Jason's humble beginnings in Brooklyn, NY What got Jason into startup investing The alchemy of startup investing Why you should always wait for external validation from other investors before investing Why ideas are a dime a dozen and you should invest in startups that have demonstrated traction The biggest mistake first time startup investors make The changing nature of angel investing and venture capital On books becoming a business card for many people Why building quality deal flow is a popularity contest of sorts How to get started investing with little money The number one thing Jason looks for in entrepreneurs Other factors to evaluate startups and entrepreneurs, including Jason's ‘four founder questions' How Jason navigated his Silicon Valley Reporter going bust during the dot com boom How to ask good questions What Jason's views on corporate venture capital are and what advice he has for corporates looking to or already investing in startups How to go about taking lots of small bets when diversifying and building your portfolio What Jason thinks about ICOs, cryptocurrency and blockchain Show notes: Get the book: https://amzn.to/2QpLqkX The book: Angelthebook.com   @jason on Twitter Jason's podcast: ThisWeekInStartups.com

Immigration Law for Tech Startups
146: Access to Innovation: Founders and the Blockchain with Samuel Ekpe

Immigration Law for Tech Startups

Play Episode Listen Later May 9, 2023 29:52


In this week's Immigration Law for Tech Startups podcast, I'm joined by Samuel Ekpe, the CEO and co-founder of Grupa.io, with a mission to democratize access to innovation. Grupa strives to get startups to work with the best talents and the best products built on Grupa – making it an entire ecosystem rather than a marketplace. At Grupa, you can hire expert developers and pay them with equity. By creating this level playing field for entrepreneurs of all backgrounds, Grupa hopes to empower people to create new solutions that are innovative and beneficial for society as a whole.  Today, Samuel shares his experience as an international startup founder and immigrant presently living and working in California. Getting your visa and green card is like this whole chicken and egg thing with money and company, funding and investors, and proving your legitimacy to the U.S. government. It's a long road, but if you really want to do it, then you've got to start now.  In this episode, you'll hear about: The Silicon Valley in the cloud Setting up the foundation for his company The challenge of getting a visa when you're from Lagos Finding his co-founder The importance of looking at technology shifts and changes The ultimate vision for Grupa Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Grupa.io Angel: How to Invest in Technology Startups by Jason Calcanis  Alcorn Immigration Law: Subscribe to the monthly Alcorn newsletter Immigration Law for Tech Startups podcast: Episode 16: E-2 Visa for Founders and Employees Episode 89: Advocating for International Startup Founders with Jeff Farrah of National Venture Capital Association Episode 113: How startup founders are moving to the US Immigration Options for Talent, Investors, and Founders Immigration Law for Tech Startups eBook Extraordinary Ability Bootcamp course for best practices for securing the O-1A visa, EB-1A green card, or the EB-2 NIW (National Interest Waiver) green card—the top options for startup founders. Use promotion code ILTS for 20% off the enrollment fee.

Pfeffer on Power
Ep 5 – Jason Calacanis, Entrepreneur, Angel Investor, Author

Pfeffer on Power

Play Episode Listen Later Oct 11, 2022 31:26


Learn more about Jeffrey Pfeffer and where you can buy or listen to his books: https://JeffreyPfeffer.com/ SHOW NOTES:  Jason Calacanis is an entrepreneur and angel investor, amongst many other things, and shares with us three rules of power that have made him an incredibly effective business person. How Jason turned $100,000 into $100 million Growing up in middle-class Brooklyn Fixing laser printers by day and going to Fordham at night The unconventional way he got into Fordham • Willingness to break the rules The power of frequency Why there is always room for an exception Creative distribution of his publications What made Digital Dim Sum a success The importance of networking and relationships Standing up for who you believe in Creating smart controversy The lasting impressions of hosting high-quality events A valuable technique for introducing guests Creating strength when nobody's opinion matters Demonstrable Growth – what it is and why it works The Tipping Technique The three rules of power that contribute to Jason's success JASON'S BIO: Jason Calacanis is a serial entrepreneur, angel investor, and podcaster. He is known for being an early investor in companies such as Robinhood and Uber. Overall he has invested in 300 startups, four of which have reached billion-dollar valuations. Jason is also a co-founder of Weblogs, Inc., which was instrumental in the dot-com era of online blogging. In 2009 Jason founded Open Angel Forum, an event that helps startups find angel investors. Jason's book Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 was published in 2017. Jason currently resides in San Francisco, California. Dr. Pfeffer has been on Jason's podcast This Week in Startups four times. Jason's blog: https://calacanis.com/ Linkedin Profile: https://www.linkedin.com/in/jasoncalacanis/   Produced by the www.MunnAvenuePress.com

Broadcasts – Christian Working Woman

Satan, our enemy, will do anything to keep us from praying. He knows that the more effectively we pray, the more power we will have over him and his demons. Therefore, it should come as no surprise to discover that it is sometimes difficult for us to pray, to believe that prayer really works, and to have any excitement and joy in our prayer life. This mini-drama I'm presenting will require you to stretch your imagination. It comes from my imagination, but it is all based solidly on Scripture. Sometimes we just need word pictures to help us see the unseen things, the things that are only seen with “forever eyes.” So that is the purpose of this drama. You must picture a room of grandeur and opulence never imagined on this earth. This room is absolutely gigantic and as you enter, your eyes just cannot begin to take it all in. Everywhere you look there are emeralds, pearls, diamonds—every jewel imaginable. And the floor is made of pure gold, gleaming and glorious. The room is so bright it almost blinds you. And all over this enormous room are angels of such beauty and magnificence that they are indescribable. These angels are huge, with wingspans beyond belief, and their garments shine with a dazzling white light. There is a chorus that sings forever in this room—songs you've never heard before, more glorious than any sound you could possibly imagine. And in the center of this huge room is a throne, which simply defies description. Nothing our human minds could imagine would ever do it justice. It is huge and impressive beyond belief. And all around this throne are myriads and untold numbers of angels praising and guarding the One who sits on the throne, God the Creator. Now, you must picture me entering this throne room. As I come into the room, my appearance is in stark contrast to all around. I look like a scruffy kid, without any glory and beauty. I'm so insignificant in comparison to everything else going on in this incredible room that I could easily get trampled on without notice. But as I start to enter, someone does notice me. It's the head angel, the one in charge of keeping everything just perfect. He walks up to me and says, Angel:  Excuse me, but who are you? I think you must be lost—surely you're not planning to enter our throne room. Mary:  Well, I know that I appear very insignificant and a bit out of place compared to everyone else, but yes, I was planning to enter. Angel:  How can you be so presumptuous? What were you going to do in the throne room? Mary:  Well, you see, I plan to go right up to the throne and talk to God. Angel:  Oh, my, that would be funny if it were not so arrogant on your part. You're planning to go directly up to the throne and talk to God? My dear, look at you. Do you think God wants to talk to you? He's very busy you know—and there are many more important things on his agenda today. Mary:  Oh, sir, I realize that and I know that it seems entirely inappropriate for me to approach his throne, but you see, he has given me a personal invitation. As a matter of fact, he has said I that may come into his presence anytime I wish, and—you really will have a hard time believing this—he said I could approach his throne with boldness. Angel:  With boldness? But look at you. You're not worthy of being in his presence. Do you see all these angels here—they wouldn't just walk up to his throne with boldness. Mary:  I know, sir, but you see, I'm not an angel, I'm his child. Angel:  His child? Mary:  Yes, isn't that incredible—I'm His child. I would have been satisfied to just be one of his worshippers from afar, but he told me that since I accepted his Son as my Savior, I'm no longer an alien, I am now his child. He has told me I can call him Father. Angel:  Father? Can this be true? You would call God, the Creator of the entire universe, whom the angels worship in fear and splendor—you would dare to call him Father?

Tim Conway Jr. on Demand
Hour 4 | Good Sound Reasoning @ConwayShow @ForkReporter

Tim Conway Jr. on Demand

Play Episode Listen Later Sep 10, 2022 32:30


Weather related traffic issues // Joking with Angel //How funny Michelle Kube's husband is // The day he didn't show up for work // Fire/rainy weather in CA // Temps this weekend // Sayings that most people get wrong

Fundadores:  Startups | Emprendimiento | Venture Capital
Ali Jamal | First Check Ventures | Don't be afraid of change | Ep. 117

Fundadores: Startups | Emprendimiento | Venture Capital

Play Episode Listen Later Aug 8, 2022 55:58


En este episodio hablé con Ali Jamal, Partner de First Check Ventures. First Check Ventures es un sindicato ángel que invierte en nuevas empresas en etapa inicial en todo el mundo. El sindicato ha apoyado e invertido en nuevas empresas de más de 25 países, ha realizado más de 100 inversiones y ha desplegado más de $25 millones desde su lanzamiento. Hablamos de su tiempo viviendo en Asia y las similitudes que tiene con latinoamérica, como fue su experiencia trabajando en Rappi, y algunos de los desafíos y ventajas de un sindicato de inversión. Este episodio es completamente en inglés y espero que lo disfrutes mucho.In this episode, I spoke with Ali Jamal, Partner at First Check Ventures. First Check Ventures is an angel syndicate that invests in early-stage startups around the world. The syndicate has supported and invested in startups in more than 25 countries, making more than 100 investments and deploying more than $25 million since its launch. We talked about his time living in Asia and the similarities it has with Latin America, such as his experience working at Rappi, and some of the challenges and advantages of an investment syndicate. This episode is completely in English and I hope you really enjoy it.  Gracias dejarnos una reseña / Thanks for leaving us a review Si quieres saber más de inversión en startups puedes revisar mi sindicato (99 Startups) y el sindicato de Ali.  Libros mencionados/Books mentioned:Angel: How to invest in technology startups - Jason Calacanis Sobre el invitado/About the guest:Ali Jamal | LinkedinAli Jamal | TwitterFirst Check Ventures | Website  Follow Us:NewsletterEscribe una ReseñaEncuesta de AudienciaTikTokInstagramTwitterLinkedinWeb  

Mind Pump: Raw Fitness Truth
1839: How to Know When Doing Less Will Build More Muscle, Ways to Combat Muscle Cramps, Using Static Stretching to Speed up Recovery & More (Listener Live Coaching)

Mind Pump: Raw Fitness Truth

Play Episode Listen Later Jun 18, 2022 98:08 Very Popular


In this episode of Quah (Q & A), Sal, Adam & Justin coach four Pump Heads via Zoom. 1839: How to Know When Doing Less Will Build More Muscle, Ways to Combat Muscle Cramps, Using Static Stretching to Speed up Recovery & More (Listener Live Coaching) Mind Pump Fit Tip: Contrary to popular belief being fit & healthy is pretty easy. Follow these four simple steps: Lift weights 1-2 days a week, avoid heavily processed foods, aim for a high-protein diet, and walk for 10-15 minutes after meals. (2:45) University hunting and the pros and cons of higher education. (12:21) A potential rival to Starbucks?! (21:33) So, you want to steal my Amazon package? (23:45) Will LIV Golf disrupt the PGA? (26:10) Do you want to see Butterbean versus Jake Paul?! (31:44) The Mind Pump/NCI Business Coaching Challenge. (38:48) All things TRT and the incredible free resource of Mind Pump Hormones Private Forum. (39:47) Give the gift of Vuori for Father's Day! (48:20) “Gas prices are so high, it's cheaper to buy cocaine!” (53:15) #ListenerLive question #1 - Would you recommend I see a doctor when one side/arm is in pain and CONSTANTLY tighter than the other? (58:36) #ListenerLive question #2 - Any recommendations or advice on why I may be cramping when doing most types of sit-ups? (1:08:05) #ListenerLive question #3 - Can static stretching post-workout decrease blood flow and hinder performance? (1:15:19) #ListenerLive question #4 - Any advice on how to train and recover appropriately to help keep clear of injuries while also trying to get big? (1:25:07) Related Links/Products Mentioned Ask a question to Mind Pump, live! Email: live@mindpumpmedia.com MP Business Coaching Challenge Visit Vuori Clothing for an exclusive offer for Mind Pump listeners! Father's Day Special: Free Shipping on all apparel and equipment for $150.00 or more 6/10-6/24 June Promotion: Shredded Summer Bundle or MAPS HIIT 50% off! **Promo code JUNE50 at checkout** Perfect is the enemy of good Initial fleet of autonomous food delivery robots have already ascended onto the University campus Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 – Book by Jason Calacanis Café X Glitterbomb 3.0 vs. Porch Pirates Saudi-backed LIV Golf tournament accused of ‘sportswashing' Boxing Legend Butterbean Is In 'The Best Shape Ever' And Has Called Out Jake Paul Differential effects of 11 years of long-term injectable testosterone undecanoate therapy on anthropometric and metabolic parameters in hypogonadal men with normal weight, overweight and obesity in comparison with untreated controls: real-world data from a controlled registry study Combined exposures to bisphenols, polychlorinated dioxins, paracetamol, and phthalates as drivers of deteriorating semen quality Mind Pump Hormones Facebook Private Forum MP Hormones Gas Prices So High It's 'Cheaper to Buy Cocaine,' Senator John Kennedy Says This is China's plan to eclipse Silicon Valley Visit MASSZYMES by biOptimizers for an exclusive offer for Mind Pump listeners! Thoracic outlet syndrome - Symptoms and causes - Mayo Clinic Visit Drink LMNT for an exclusive offer for Mind Pump listeners! Visit Legion Athletics for the exclusive offer for Mind Pump listeners! **Code MINDPUMP at checkout** Which is Best - Mobility or Stretching? - Mind Pump Blog Sore muscles…what does it mean? - Mind Pump Blog Mind Pump #1142: Nine Signs You Are Overtraining Mind Pump #1487: The Best Way For First Responders To Stay In Shape MAPS Fitness Performance Mind Pump Podcast – YouTube Mind Pump Free Resources People Mentioned Paul Chek (@paul.chek) on Instagram Jason Calacanis (@JasonCalacanis) on Twitter Eric Esch (@butterbeanboxer) on Instagram Jake Paul (@jakepaul) on Instagram Patrick Bet-David (@patrickbetdavid) on Instagram  

Mind Pump: Raw Fitness Truth
1819: The First Step to Losing a Lot of Weight, How to Prevent Sports Injuries, Tips for Modifying MAPS Programs & More (Listener Live Coaching)

Mind Pump: Raw Fitness Truth

Play Episode Listen Later May 21, 2022 108:35 Very Popular


In this episode of Quah (Q & A), Sal, Adam & Justin coach four Pump Heads via Zoom. Mind Pump Fit Tip: Here's an interesting muscle-building hack. At the end of your workout do a deep static stretch of the target muscle, and hold it for one-two minutes. It's painful but can signal recovery and muscle growth. (2:11) How has Sal NOT been kicked off Twitter?! (8:21) The challenges of removing bots from social media platforms. (11:04) TikTok, fast-food junk. (16:44) Making the mental switch from getting lean to shredded. (19:55) How ‘Ready Player One' hit it out of the park! (23:55) Vuori is on a rocket ship! (26:55) Sal's strategy to cut down on caffeine. (29:01) Dr. Seuss is royalty. (34:55) The BLM organization continues to get called out! (37:09) Mind Pump Recommends, The Big Conn on Apple+. (42:58) Building healthy family routines with Felix Gray. (45:53) The one-time Alex Jones snuck into Bohemian Grove. (49:43) #ListenerLive question #1 - How do I eat in a surplus to build muscle? (56:33) #ListenerLive question #2 - How do I train to prevent injuries, if I want to get back into playing basketball pushing 40? (1:08:53) #ListenerLive question #3 - How can I best implement mobility work into a client's session to make it engaging for them, and want to keep practicing/improving in the long run? (1:22:13) #ListenerLive question #4 - What is the best way to incorporate auxiliary exercises (such as sled work, and mace bells/Indian clubs) into MAPS programs? (1:37:38) Related Links/Products Mentioned Ask a question to Mind Pump, live! Email: live@mindpumpmedia.com Visit Vuori Clothing for an exclusive offer for Mind Pump listeners! Visit Felix Gray for an exclusive offer for Mind Pump listeners! May Promotion: MAPS Starter Bundle and MAPS Spilt 50% off! **Promo code MAYSPECIAL at checkout** How to Use Intra-Set Stretching for the BEST Chest Workout | Ben Pakulski – Mind Pump TV MAPS Fitness Prime All-In Podcast E69: Elon Musk on Twitter's bot problem, SpaceX's grand plan, Tesla stories, Giga Texas & more Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 – Book by Jason Calacanis Scientists Invent Mouth Haptics for VR, Including Water, Wind and... Spiders Ready Player One (2018) - IMDb Visit Drink LMNT for an exclusive offer for Mind Pump listeners! Visit Organifi for the exclusive offer for Mind Pump listeners! **Code MINDPUMP at checkout* Jolt Cola: The Story of the Original Energy Drink Dr. Seuss Getting Valuation for Possible Sale at Auction BLM Co-Founder Paid Her Baby's Father $970,000 For ‘Creative Services,' Brother $840,000 For Security: Report The Big Conn | Apple TV+ Visit Joovv for an exclusive offer for Mind Pump listeners! Bohemian Grove - Alex Jones - YouTube JRE #1555 - Alex Jones on Bohemian Grove, Skull & Bones, Epstein MAPS Fitness Anabolic Mind Pump #1565: Why Women Should Bulk MAPS Fitness Performance Stop Working Out And Start Practicing – Mind Pump Blog MAPS Fitness Prime Pro MAPS Prime Webinar MAPS Prime Pro Webinar How To Do The Sled Push The RIGHT Way! (AVOID MISTAKES!) – Mind Pump TV How to Use Indian Clubs – Mind Pump TV How To Use The Steel Mace Bell in Your Fitness Training (John Wolf) | MIND PUMP MAPS Strong Mind Pump Podcast – YouTube Mind Pump Free Resources People Mentioned Ben Pakulski (@bpakfitness)  Instagram Sal Di Stefano (@mindpumpsal)  Twitter JasonMC (@Jasoncalacanis)  Twitter Jake Shields (@jakeshields)  Instagram Cory Schlesinger (@schlesstrength)  Instagram Paul J. Fabritz (@pjfperformance)  Instagram

Wiser Than Yesterday
Investing: Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 Into $100,000,000 by Jason Calacanis

Wiser Than Yesterday

Play Episode Listen Later Dec 15, 2021 43:59


Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 Into $100,000,000 By Jason Calacanis One of Silicon Valley's most successful angel investors shares his rules for investing in startups. There are two ways to make money in startups: create something valuable—or invest in the people that are creating valuable things. Over the past twenty-five years, Jason Calacanis has made a fortune investing in creators, spotting and helping build and fund a number of successful technology startups—investments that have earned him tens of millions of dollars. Now, in this enlightening guide that is sure to become the bible for twenty-first century investors, Calacanis takes potential angels step-by-step through his proven method of creating massive wealth: startups. As Calacanis makes clear, you can get rich—even if you came from humble beginnings (his dad was a bartender, his mom a nurse), didn't go to the right schools, and weren't a top student. The trick is learning how angel investors think. Calacanis takes you inside the minds of these successful moneymen, helping you understand how they prioritize and make the decisions that have resulted in phenomenal profits. He guides you step by step through the process, revealing how leading investors evaluate new ventures, calculating the risks and rewards, and explains how the best startups leverage relationships with angel investors for the best results. Whether you're an aspiring investor or a budding entrepreneur, Angel will inspire and educate you on all the ins of outs. Buckle up for a wild ride into the world of angel investing! Host rating for 'Angel' Nico Rating: 5/10 Sam Rating: 7.5/10 Subscribe! If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends! You can also listen and join us on ReasonFM (https://reason.fm/podcast/wiser-than-yesterday) or just ask questions.

Career Meets World with Edward Gorbis
Growing up in Brooklyn, Startup Culture, and Angel Investing | Jason Calacanis

Career Meets World with Edward Gorbis

Play Episode Listen Later Apr 28, 2021 42:12


Jason Calacanis joins the conversation today to discuss how his childhood shaped him today, his early days in media, how poker influences his decision-making and some actionable tips for angel investors. He is an entrepreneur, angel investor in over 250 startups, host of the This Week in Startups podcast, and co-host of the legendary All in Podcast with Chamath Palihapitiya, David Sacks, and David Friedberg, and the best selling author of Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000.

InTheir20s
#40 - Jason Calacanis, Angel Investor

InTheir20s

Play Episode Listen Later Apr 19, 2021 25:06


Jason Calacanis is one of the most influential Angel Investors of our time. He began his career as a reporter in New York City that covered a diverse group of topics such as tech news, pop-culture, and the internet industry. He founded Silicon Alley Reporter, Weblogs Inc, Mahalo, and Inside.com. He turned down a $20 million offer for Silicon Alley Reporter. Then the dotcom bubble burst, and he wound up with a net worth of negative $10,000. Calacanis bounced back and founded Weblogs, which he sold to AOL after 18 months for $30 million. The Angel Investor for Weblogs was Mark Cuban. Most of Jason's money has been made by angel investing. He placed an early bet on Uber that paid off, and he's now a professional investor with his own syndicate. Calacanis' book is called, "Angel: How to invest in technology startups —Timeless advice from an Angel Investor who turned $100,000 into $100,000,000." Watch on YouTube: https://youtu.be/_mM3tx9O9Zc Introduction music by: LAKEY INSPIRED - Chill Day LAKEY INSPIRED - Chill Day Download→ https://soundcloud.com/lakeyinspired/chill-day

Holy Family School of Faith
Redemptive Suffering (Part 2)

Holy Family School of Faith

Play Episode Listen Later Aug 14, 2019 24:02


In the beginning of his letter to the Colossians, St. Paul makes a statement that I think doesn't make sense except on the Catholic view of participation: “Now I rejoice in my sufferings for your sake, and  my flesh I complete what is lacking in the sufferings of Christ for the sake of His body, that is, the Church” (Colossians 1:24).  How could Christ's sufferings be lacking? And if they were lacking, how could we make up for it?  Think of it this way: Christ preached the Gospel, but if we don't participate in preaching the Gospel, Christ's preaching won't have its full effect. Christ loved and served the poor, but if we don't participate in His love and service for the poor, His love for the poor won't have its full effect. And Christ suffered for souls, but if we don't participate in His suffering for souls, than His suffering won't have its full effect. That's what it means to “make up what is lacking in Christ's sufferings for the good of the Church”: it means Christ makes the full impact of Calvary dependent on our willingness to cooperate with Him.  Pope Pius XII puts it starkly: “The salvation of many depends on the prayers and voluntary penances which the members of the Mystical Body of Jesus Christ offer for this intention.” He goes on to say, speaking to all the faithful, “Let them all remember that their sufferings are not in vain, but that they will turn to their own immense gain and that of the Church, if to this end they bear them with patience. What kinds of sufferings bring divine aid to other people?  In the 2nd apparition of the Angel to the three children of Fatima in the Summer of 1916, the Angel stated that the children had a mission from Jesus and Mary to help them save souls by prayer and sacrifice. Lucy asked the Angel: “How are we to make sacrifices?” "Make of everything you can a sacrifice and offer it to God as an act of reparation for the sins by which He is offended, and in supplication for the conversion of sinners.”  “In this way, you will draw peace upon your country. I am its Guardian Angel, the Angel of Portugal. Above all, accept and bear with submission the sufferings which the Lord will send you." The most spiritually fruitful you can be is the patient acceptance and endurance of the sufferings, which you did not choose, you do not like and you cannot change, which God in His mysterious providence sends you. Viktor Frankl, a Jewish psychotherapist and concentration camp survivor, used to quote Nietzsche's dictum that a person can endure any “what” as long as he has a strong enough “why.” The idea is that a person can withstand any amount of suffering given an adequate reason, an adequate cause to which their suffering contributes. And our faith tells us that suffering saves souls – ours, and other peoples' – and consoles the Sacred Heart of Jesus. It's hard to think of a worthier cause, one that would inspire more courage in whatever situation, than that. Victims or Voluntary Agents?     The word “passion” is connected to the word for “passive.” Because our feelings are responses, they're associated with something happening to us. The word “suffering” has similar connotations of passivity, and in fact one of its definitions is “to put up with.” The idea is that some other force is the agent, maybe a violent agent, and the sufferer is the victim who feels the effects.      At one level, Jesus is the supreme victim. Judas, the Pharisees, Pilate and the Romans, Herod and Satan himself work in concert to attack, suddenly, freely and brutally. An innocent man who has done nothing to deserve this kind of hatred or violence, nothing to provoke it, is subject to betrayal, torture, mockery, death. He puts up with it all. He “suffers himself” to be immolated.     But of course, that's only part of the picture. The other part of the picture, the more important part, is that the entire event is orchestrated by God himself.

Beyond Numbers
Милен Иванов за предприемаческата екосистема в България

Beyond Numbers

Play Episode Listen Later Apr 16, 2019 47:18


В епизод #10 ви срещаме с Милен Иванов, успешен предприемач, директор за България на Founders Institute, основател на CEO ANGELS club и CEO Club Bulgaria. Милен има богат опит, който включва социално предприемачество, инкубация и менторство на стартиращи фирми, инвестиране, набиране на средства, управление на медии и събития, бизнес развитие, продажби и маркетинг. Разговор за научените уроци на един български предприемач с богата експертиза, контакти и ноу-хау за споделяне, полезен за настоящи и бъдещи предприемачи. Милен разкрива повече за предприемаческата екосистема в България, защо страната ни предлага едни от най-добрите условия на Балканите за развитието на стартиращ бизнес, различните възможности за финансиране, уменията и качествата на успешния предприемач, все въпроси вълнуващи действащите, пълни с идеи млади хора, решени да правят бизнес в България. Приятно слушане!   Книгите, които нашият гост препоръча: Angel: How to invest in technology startups - Jason Calacanis Skin in the game: Hidden asymmetries in daily life - Nassim Talleb     Ще се радваме на обратна връзка: Кои са хората, които бихте искали да чуете в подкаста? - изпратете ни съобщение или оставете коментар с имената им. Хареса ли ли ви този епизод? - вашето мнение е ценно за нас, ще се радваме да споделите какво според вас трябва да подобрим.   Свържете се с нас: Facebook LinkedIn Instagram Twitter Всички епизоди на шоуто и други интерeсни подробности може да откриете на нашия сайт: Beyond Numbers.

hidden founders institute angel how
Technopolis
Venture-Backed City

Technopolis

Play Episode Listen Later Feb 25, 2019 36:34


Why are investors pouring so much cash into urban startups? On this first episode of Technopolis, hosts Molly Turner and Jim Kapsis follow the money behind the explosion in urban tech. When did investors decide to get so involved in our sidewalks? Jim and Molly speak with Jason Calacanis, early Uber investor, start-up founder, and author of Angel: How to Invest in Start-Ups. They also talk with Warren Logan, Senior Transportation Planner at the San Francisco County Transportation Authority, about how cities cope with all the disruption in the epicenter of venture-backed tech. For more information on this episode, visit citylab.com/podcasts/technopolis. And email us your feedback to technopolis@citylab.com.

Cut2theCHASE@ 8
EP.154 YouTube Web-series Premiere Maternity Leave!

Cut2theCHASE@ 8

Play Episode Listen Later Feb 20, 2019 7:31


EP.154 YouTube Web-series Premiere Maternity Leave ThatChICkAngel Premiers! How did I meet Angel? How many babies does she have & which 1 did she have 4 me? --- Send in a voice message: https://anchor.fm/Cut2theCHASEat8/message

The All Turtles Podcast
039: Angel investor Jason Calacanis, part 1

The All Turtles Podcast

Play Episode Listen Later Dec 5, 2018 23:54


Jason Calacanis, angel investor, joins us this week for part one of a two-part interview. As an early investor in companies like Uber and Robinhood, Jason shares his insights for achieving startup success. He explains why a company's brand is so important from its beginning stages, and delivers a hot take on VC culture today. He also gives his opinion on what the number one killer of startups is, and mulls over the following equation: 1 good idea + 1 good idea = zero good ideas.   Show notes Conversation with Jason Calacanis, angel investor (0:56) Thumbtack, one of Jason's investments, is an online service that matches customers with local professionals  (1:12) DataStax, another of Jason's investments, is a cloud database company (1:13) Robinhood, another company Jason invested in early on, a financial tech company (1:14) Jason's book, Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 (1:18) Launch, founded by Jason, has a mission of supporting founders and inspiring innovation (2:20) Silicon Valley Reporter was a publication that focused on New York's tech scene (2:28) Why is brand so important from a company's early stages? (2:35) The This Week in Startups podcast (5:05) Chris Sacca's first episode on This Week in Startups (6:43) Phil Libin on an episode of This Week in Tech (7:29) The Midas List of 2017 (10:57) What is, in Jason's view, the #1 killer of startups (13:22) One good idea plus another good idea equals zero good ideas (14:28)   AI use case (14:35) How Phil's watch violated principles of good AI product design (16:32)   Listener question (18:39) Sift, an All Turtles product,f is an experiment in news therapy (18:53) Listener question via the All Turtles Facebook page: “Does Sift remove biased statements and opinions and just report the facts?”   We want to hear from you Please send us your comments, suggested topics, and listener questions for future All Turtles Podcast episodes. Voicemail: +1 (310) 571-8448 Email: hello@all-turtles.com Twitter: @allturtlesco with hashtag #askAT For more from All Turtles, follow us on Twitter, and subscribe to our newsletter on our website.

The Jordan Harbinger Show
100: Jason Calacanis | Advice from the Most Successful Angel Investor

The Jordan Harbinger Show

Play Episode Listen Later Sep 27, 2018 88:41


Jason Calacanis (@Jason) is Silicon Valley royalty, the most successful angel investor today, and author of Angel: How to Invest in Technology Startups -- Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. What We Discuss with Jason Calacanis: What venture capitalists are looking for in startup founders. How Jason bounced back after losing everything (something to which we can personally relate). How to make yourself more marketable, whether you're a founder or an angel investor yourself. What Jason considers "the greatest skill of all." The impersonations Jason can do to make your blood run cold when you're miles away from any semblance of civilization. And much more... Like this show? Please leave us a review here -- even one sentence helps! Consider including your Twitter handle so we can thank you personally! Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course! Full show notes and resources can be found here.

Podcast Notes Playlist: Startup
100: Jason Calacanis | Advice from the Most Successful Angel Investor

Podcast Notes Playlist: Startup

Play Episode Listen Later Sep 26, 2018 88:41


Podcast Notes Key Takeaways Jason invests in people, not companies“You have to rewire your brain to be a great investor and to be a great founder to say, ‘F*ck it, I’m taking the risk.’” – Jason CalacanisA 1% chance to become a billionaire or save the world is a calculated risk worth taking A founder must be delusional and highly skilled; here’s why:A delusional founder is too wrapped up in their vision to pay attention to naysayers or give upA high degree of skill is necessary to compete against the best You’re either raising money or running your business; you don’t want to be doing both at the same timeThe quality of a leader is determined by the quality of people they’re able to recruitThe most valuable skill is the ability to learn quickly and independentlyRead the full notes @ podcastnotes.orgJason Calacanis (@Jason) is Silicon Valley royalty, the most successful angel investor today, and author of Angel: How to Invest in Technology Startups -- Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. What We Discuss with Jason Calacanis: What venture capitalists are looking for in startup founders. How Jason bounced back after losing everything (something to which we can personally relate). How to make yourself more marketable, whether you're a founder or an angel investor yourself. What Jason considers "the greatest skill of all." The impersonations Jason can do to make your blood run cold when you're miles away from any semblance of civilization. And much more... Like this show? Please leave us a review here -- even one sentence helps! Consider including your Twitter handle so we can thank you personally! Sign up for Six-Minute Networking -- our free networking and relationship development mini course -- at jordanharbinger.com/course! Full show notes and resources can be found here.

The Startup Playbook Podcast
Ep086 – Jason Calacanis (Founder, Angel Investor, Author) on long-term thinking

The Startup Playbook Podcast

Play Episode Listen Later May 29, 2018 64:20


My guest for Episode 86 of The Startup Playbook Podcast is Founder, Author, Podcaster and Angel Investor - Jason Calacanis. Jason is best known for his highly successful Podcast, This Week in Startups and for his experience as one of the most successful angel investors in the world, having been an early investor in companies such as Uber, Thumbtack, Wealthfront and Robin Hood just to name a few! Outside of this, Jason is also the author of Angel, where he shares his tips and experience on angel investing, detailing his process of turning $100,000 into $100M, he is the Founder of Founder University and the Founder and Director of the LAUNCH Festival which is coming to Sydney on the 19th and 20th of June. As you can imagine, there were so many topics that we covered in this interview, including Why founders need to think in decades What Jason looks for when angel investing How angel investors should approach Bankroll management The importance of reputation Building your investment funnel How the best products build virality   WATCH ON YOUTUBE PLAYBOOK MEDIA – Growth through Data-Driven Storytelling THE E-COMMERCE PLAYBOOK ACCELEPRISE AUSTRALIA STARTUP PLAYBOOK HUSTLE APPLICATION    Show notes: - Silicon Alley Reporter - Angel - How to invest in technology startups - timeless advice from an Angel Investor who turned $100,000 into $100,000,000 - Podcast: This Week in Startups - Podcast: Angel - Incubator : Launch - Incubator: Founder University - LAUNCH festival - Esquire Magazine - Masayoshi Son - Weblogs inc - Brian Alvey - Mark Cuban - NPR - Startup Stories - Kevin Pollak's Chat Show - Travis Kalanick - Robinhood - Wealthfront - DataStax - Aileen Lee - Mashable - Recode - Techcrunch - Net Promoter Score - LAUNCH Festival (Sydney) - Republic (equity crowd funding) - Launch festival - Twitter @Launch - Twitter @Jason - Mark Pesce - This Week In Startups Australia (podcast) Feedback/ connect/ say hello:  Rohit@startupplaybook.co @playbookstartup (Twitter) @rohitbhargava7 (Twitter – Rohit) Rohit Bhargava (LinkedIn) Credits: Intro music credit to Bensound Other channels: Watch the video on Youtube here. Don't have iTunes? The podcast is also available on Stitcher & Soundcloud The post Ep086 – Jason Calacanis (Founder, Angel Investor, Author) on long-term thinking appeared first on Startup Playbook.

StartEdUp Podcast
Jason Calacanis on being an Angel Investor

StartEdUp Podcast

Play Episode Listen Later Nov 1, 2017 37:03


What the heck is an "Angel Investor," and how can I get in on all the action? In this episode, Jason Calicanus, author of "Angel: How to Invest in Technology Startups--Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000" sits down to dish out some really practical advice. You might want to get out your notepad, and start paying those dues! Jason doesn't hold back on what it will take to break into this scene, as well as advice on living and creating in the valley. You can follow Jason on Twitter at @Jason and purchase the book on Amazon at: https://www.amazon.com/Angel-Invest-Technology-Startups-Timeless-Investor/dp/0062560700/ref=sr_1_1?s=books&ie=UTF8&qid=1509494793&sr=1-1&keywords=jason+calacanis+angel&dpID=51eumtXRO8L&preST=_SY291_BO1,204,203,200_QL40_&dpSrc=srch This Week in Startups: https://itunes.apple.com/us/podcast/this-week-in-startups-video/id314461026?mt=2 Angel Podcast: https://www.angelpodcast.com/

Future Squared with Steve Glaveski - Helping You Navigate a Brave New World
Episode #181: $100K to $100M with Jason Calacanis

Future Squared with Steve Glaveski - Helping You Navigate a Brave New World

Play Episode Listen Later Sep 16, 2017 57:53


Jason Calacanis is a tech entrepreneur, wildly successful angel investor, and the host of the popular weekly podcast This Week in Startups. He's the founder of a series of conferences that bring entrepreneurs together with potential investors.   As a “scout” for top-tier Silicon Valley venture capital firm Sequoia Capital and later as an angel investor, Jason has invested in 150 early-stage startups including four that have achieved billion-dollar valuations (so far) such as Uber, Evernote and Tumblr.   Jason's newly released book "Angel: How to Invest in Technology Startups: Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000" puts readers inside the minds of successful angel investors, helping to understand how they prioritize and make the decisions that have resulted in phenomenal profits.   Jason provides a step by step roadmap, revealing how leading investors evaluate new ventures, calculating the risks and rewards, and explains how the best startups leverage relationships with angel investors for the best results.   In this episode we go back to Jason’s rough upbringing in Brooklyn, NY in the early 80s and cover a lot of ground leading up to the present day so you can expect to learn a lot of things, including:   How to pick a billion dollar founder or startup How to bounce back from failure What Jason thinks of and what advice he has for corporates investing in startups   All topics discussed: Jason’s humble beginnings in Brooklyn, NY What got Jason into startup investing The alchemy of startup investing Why you should always wait for external validation from other investors before investing Why ideas are a dime a dozen and you should invest in startups that have demonstrated traction The biggest mistake first time startup investors make The changing nature of angel investing and venture capital On books becoming a business card for many people Why building quality deal flow is a popularity contest of sorts How to get started investing with little money The number one thing Jason looks for in entrepreneurs Other factors to evaluate startups and entrepreneurs, including Jason’s ‘four founder questions’ How Jason navigated his Silicon Valley Reporter going bust during the dot com boom How to ask good questions What Jason’s views on corporate venture capital are and what advice he has for corporates looking to or already investing in startups How to go about taking lots of small bets when diversifying and building your portfolio What Jason thinks about ICOs, cryptocurrency and blockchain   Show notes: Get the book: https://amzn.to/2QpLqkX The book: Angelthebook.com   @jason on Twitter Jason’s podcast: ThisWeekInStartups.com --- Listen on iTunes @ goo.gl/sMnEa0  Listen on Stitcher @ www.stitcher.com/podcast/future  Listen on Google Play @  bit.ly/FSGoog If you've got any questions on this podcast feel free to send an email to steve@collectivecamp.us or tweet me on Twitter @steveglaveski or @future_squared Follow me on Instagram: @thesteveglaveski Like us? It'd make our day if you took 1 minute to show some love on iTunes, Stitcher or Soundcloud by subscribing, sharing and giving us a 5 star rating. To sign up to our mailing list head to www.futuresquared.xyz For more information on Collective Campus, our innovation hub, school and consultancy based in Australia and Singapore check out www.collectivecamp.us

Michael Covel's Trend Following
Ep. 586: Jason Calacanis Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Play Episode Listen Later Sep 4, 2017 51:49


My guest today is Jason Calacanis, a venture capitalist, entrepreneur, angel investor, author, blogger and has years of perspective when it comes to investing in start ups. His new book is “Angel: How to Invest in Technology Startups–Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000”. Even if you never plan on becoming an angel investor, his book is a great look at how the modern economy works. The topic is his book Angel: How to Invest in Technology Startups–Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. In this episode of Trend Following Radio we discuss: Creating a global footprint Who is able to export their ideas around the world Silicon Valley Chinese border controls Unicorn companies Portfolio diversification Risk aversion Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

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Trend Following with Michael Covel
Ep. 586: Jason Calacanis Interview with Michael Covel on Trend Following Radio

Trend Following with Michael Covel

Play Episode Listen Later Sep 3, 2017 51:49


Jason Calacanis is a venture capitalist, entrepreneur, angel investor, author, blogger and has years of perspective when it comes to investing in start ups. His new book is “Angel: How to Invest in Technology Startups–Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000”. Even if you never plan on becoming an angel investor, his book is a great look at how the modern economy works. Technology is accelerating at an ever-increasing rate and Jason argues that there are approximately 30 million jobs that will disappear in upcoming years due to advancements in technology. He wrote his book to try and help people step away from the usual way of thinking and look at where the world is moving. For example, the cheapest car you could buy today is far and above more sophisticated than the most expensive car you could have bought 20 years ago. When Jason evaluates a company, he looks at a couple things: What is in the best interest of society? And what is the best technology that we can use to get there? What is Silicon Valley like through the eyes of someone living and breathing it? Jason talks about Silicon Valley as the center of the world. There is an infectious need to look for the next $100 billion dollar idea rather than the next million dollar idea. It’s also very liberal, political and quirky. It is where the largest amount of high power tech companies derive from. What is the biggest factor in becoming a successful angel investor? Success in angel investing comes down to portfolio diversification. You need to cast a wide net, knowing you are going to have a lot of loser companies. There are massive implied odds. The upside to finding a winning company far exceeds any amount of losses you may incur. Michael relates this to the Babe Ruth effect and Jason puts his own spin on it, “Finding a winning company is more like the equivalent of a grand slam scoring 100 runs rather than just four.” In this episode of Trend Following Radio: Creating a global footprint Who is able to export their ideas around the world Silicon Valley Chinese border controls Unicorn companies Portfolio diversification Risk aversion

success technology risk silicon valley invest unicorns babe ruth jason calacanis trend following michael covel angel how angel investor who turned technology startups timeless advice
Fortt Knox
38 - Jason Calacanis, investor: The Brooklyn Kid Turned Angel

Fortt Knox

Play Episode Listen Later Jul 30, 2017 31:11


Brooklyn in the 70s and 80s. Today, he says, his net worth is somewhere north of 100 million dollars. That's not because he's an entrepreneur, though he has started a handful of companies. Jason got rich as an entrepreneur. But he got really, really rich by investing in the crazy ideas … of other entrepreneurs. He just wrote a book: Angel: How to Invest in Technology Startups. He says he can tell you how he did it, and give you pointers so that – maybe you can do it, too. In the tech world, we call these people "angel investors." They're usually the first money into a startup, giving six figures or less – just enough to keep an idea going while the founder figures out whether it's big enough to attract millions from venture capitalists. The downside of being an angel investor: It's really risky. You're probably going to lose the money you put into 90% of startups. The upside: If you get a couple of winners, they can be huge wins. And get this: because of the way regulations are changing, you can now become an angel investor, from the comfort of your computer. You can pool your money with other angels. Learn more about your ad choices. Visit megaphone.fm/adchoices

KindredCast: Insights From Dealmakers & Thought Leaders
Unicorn Hunter Jason Calacanis On His New Book “Angel”

KindredCast: Insights From Dealmakers & Thought Leaders

Play Episode Listen Later Jul 21, 2017 40:18


On the heels of LionTree’s Private Company conference at the New York Stock Exchange, featuring the CEO’s of three unicorns (WeWork, Warby Parker, BAMTech), Alex Michael sits down with author and angel investor Jason Calacanis to get the inside scoop on his new book, “Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 Into $100,000,000.” Hear about Calacanis’s biggest wins (and losses) and get tons of insight into technology investing. For more information and content from the show, follow us on Twitter and Instagram (@KindredCast). Please read before listening: www.liontree.com/podcast-notices.html

Bloomberg Businessweek
Bloomberg Markets: Angel Calacanis on Passing on Twitter, Tesla

Bloomberg Businessweek

Play Episode Listen Later Jul 20, 2017 10:15


Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Jason McCabe Calacanis Internet Entrepreneur/Angel Investor/Author Discussing his new book "Angel: How to Invest in Technology Startups-Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000." Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

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Bloomberg Businessweek
Bloomberg Markets: Angel Calacanis on Passing on Twitter, Tesla

Bloomberg Businessweek

Play Episode Listen Later Jul 20, 2017 10:15


Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Jason McCabe Calacanis Internet Entrepreneur/Angel Investor/Author Discussing his new book "Angel: How to Invest in Technology Startups-Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000."

tesla invest passing bloomberg markets cory johnson calacanis angel how angel investor who turned technology startups timeless advice carol massar
Matt Report - A WordPress podcast for digital business owners
How to find an angel investor for small startups w/ Jason Calacanis

Matt Report - A WordPress podcast for digital business owners

Play Episode Listen Later Jul 18, 2017 44:23


I’m excited to release this interview with Jason Calacanis during the launch of his new book, Angel: How to Invest in Technology Startups-Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. I’ve been a super fan of Jason since coming across his show This week in Startups when he produced it on set with black curtain backdrops and large wooden dining room tables. A lot of people give GaryVee credit for the foresight of thinking like a media company — but Jason got to it first. (more…)

startups invest gary vee angel investors jason calacanis this week in startups angel how angel investor who turned technology startups timeless advice
Matt Report - A WordPress podcast for digital business owners
How to find an angel investor for small startups w/ Jason Calacanis

Matt Report - A WordPress podcast for digital business owners

Play Episode Listen Later Jul 18, 2017 44:24


I'm excited to release this interview with Jason Calacanis during the launch of his new book, Angel: How to Invest in Technology Startups-Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000. I've been a super fan of Jason since coming across his show This week in Startups when he produced it on set with black curtain backdrops and large wooden dining room tables. A lot of people give GaryVee credit for the foresight of thinking like a media company — but Jason got to it first. Behind the bravado is a kid from Brooklyn that worked his tail off to get to where he's at, challenged with lessons of success & failure weaved into the fabric of his story. Today, Jason leads Inside.com with the same burning passion to take on the big platforms as he did with his first startup, Silicon Alley Reporter.  Sit back and enjoy this episode with Jason, as he walks us through the mind of an angel investor and how to start thinking scale in your small software business. Listen the episode Matt Report - A WordPress podcast for digital business owners How to find an angel investor for small startups w/ Jason Calacanis Play Episode Pause Episode Mute/Unmute Episode Rewind 10 Seconds 1x Fast Forward 30 seconds 00:00 / 00:44:23 Subscribe Share RSS Feed Share Link Embed Download file | Play in new window | Duration: 00:44:23 Interview transcript Hey, everybody. Welcome back to the Matt Report season five. We're winding down season five. In fact, folks who were listening, now you should have heard the last episode of season five. But I get a bonus episode with one of my favorite people on the internet, Jason Calacanis. Jason, welcome to the program. Jason C.: Hey, thanks for having me. Matt: Creator of Weblogs, Inc sold to AOL. Early investors in Uber, Thumbtack, created a company called Mahalo and fought Google at every turn and corner. Created another company that I originally found you through is This Week In, the sort of all the YouTube stuff and live video stuff you were doing. Now you're running Inside.com, news and entertainment delivered via email. I am a huge fan of that as well. You run LAUNCH Incubator and events, and now you've written the book, the book of angels as it were. It's angels- Jason C.: Yes, of angels. I like that. Matt: Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned 100 grand into 100 million buckaroos. Jason, welcome to the program again. Did I miss anything? Jason C.: It's- Matt: I probably did. Jason C.: Probably. Well yeah, it's one of the great things about history is like people only remember the victories if you have them. Then they forget all the losses. But you brought up Mahalo, so that was great, my PTSD started triggering. Mahalo, we basically pivoted into Inside.com, so the story ended up well. But we're working like dogs, get a return for those Mahalo investors. I never give up. It's one of my either charming or stupid qualities depending on the situation that I never give up. Matt: Obviously, want to talk about the book. For me, I'm not a super heavy book reader. I got it, I got an early copy. I did a little Jason Calacanis of my own, I just contacted your publishers. I sort of worked my way in through the backdoor and I said, “Hey, I'd love to talk to this guy.” Jason C.: Hustle. Matt: I definitely want to talk about the book, but real quick. This Week In network, I mean god, you had This Week In Web Design, of course This Week In Startups. You had I think This Week In Movies as well. Do you think that you were just so early, like the technology wasn't there? Jason C.: Yeah, for sure. What we did was we tried to do a network of shows seven years ago. It was a little experiment. Me and a couple of my friends put 100k in each. We got to the point where it was making some money and there were two breakout shows, Kevin Pollak's Chat Show and This Week In Startups. All the other shows, we were trying to groom talent. We had people like Mark Suster doing This Week In Venture Capital. Then we had other people doing This Week In Movies. We did a Mad Men recap show long before things like Talking Dead. We kinda pioneered that space of doing a show right after. We had a lot of, I would say, early signs of success. Maybe we should've stuck with it. But I came to this great realization, which was the more important, the more powerful, the more networks, the more credible the hosts, like Kevin Pollak, Mark Suster, myself, the greater the chance of success. If it was an emerging host, it probably had very little chance of success. We were able to get an unlimited supply of emerging talent to host a podcast. But none of them were breaking out. It probably would've taken us three or four years of trying to get them to break out. We had somebody named Dave Pensado doing Pensado's Place and he was awesome too. But all those people had in common that they didn't really need us because it's so easy to create a podcast that if you're a rich powerful person, or not even rich. If you just have 500 to let's say $2,000 to produce an episode, you can just do it yourself and not have a boss, not be part of a network. We kept having people who would just call in rich, like Mark Suster's like, “Yeah, I can't do it for the next year. I gotta raise a fund. I got things to do.” I just had this realization that all the great podcasters would be independent and I was right. If you look, Leo Laporte stayed independent, Joe Rogan, Sam Harris, Adam Carolla. All these people have become independent, let's call it $1 million to $10 million enterprises. I think probably Leo and Joe Rogan are above 5 million. They have this like, call it $2 to $5 million space like This Week In Startups, and maybe Sam Harris, and maybe Adam Carolla. In other words, it's enough money for those people to love doing it and not to need to have anybody as their boss. So all those people who are trying to making podcasting networks have had a hard go of it. Even Leo, who's got a lot of great shows, but he's had a hard time keeping talent on the network because they go have a life event. They get married. They go have kids and want to do something else. It's just hard to be a manager of talent like that. I mean Sirius XM is doing a good job of it, but they have this like huge bankroll. So I think podcasting is this very unique space because you don't need somebody. If you go down that list, all these like podcasting companies, they don't really … Malcolm Gladwell doesn't need the podcasting company in other words. He can just do it himself. If he does it with a podcasting company, it's probably because they're overpaying him. Matt: These shows, these either networks or these individual shows that somebody's running, they become massive platforms and catalysts to sell all their either goods and services or maybe even in your world, you get the advertising, you do a million bucks a year. You pay your staff, whatever. But it's also it connects you with so many people at the same time. It makes you become the [crosstalk 00:05:39]- Jason C.: My view on podcasting when I heard about it from Dave Winer and the pod father, Adam Curry when they were teaching me about it. I was like okay, I'm just gonna record two conversations from lunches I had in a week, and then all of a sudden it turned into we're about to hit 800 episodes for This Week in Startups. It just turned out to be a networking thing for me. Then all of a sudden, it started making money and getting 150,000 downloads in episodes. So it's a pretty big audience now and it's a great way for me to find founders to invest in. Matt: If people are listening to that and they're like, “All right, that's it. I'm gonna go start my podcast.” Folks, it's still a slog. It's still some hard work. It doesn't come that easy. I know. I'm only at maybe 300 episodes and man, some days it can be super draining to keep this stuff going. Let's just talk about the book. The structure of this book, for a dullard like myself who doesn't like to read, it is … I mean you say in sort of the winding chapters that this is the playbook. This is your decade plus of experiences sort of all put into this one book. I love the framework was I mean was that your idea? Or when you get to a publisher, they say, “Look, that's a complicated topic. We need to sort of piecemeal this for people reading it.” It's not all this hoopla and sort of Zen like stuff. This is the real deal. Jason C.: Yeah. The pitch was interesting. I've had a very famous book agent for a decade. His name is John Brockman. He does something called Edge.org and he's got Daniel Dennett, Jared Diamond, Sam Harris, had Marvin Minsky, just all the greatest authors that are out there, and Brian Greene, and then me. I would always get these like Blogging for Dummies, Podcasting for Dummies. Search engines, SEO for Dummies. They just wanted me to be the dummy author and it was always like chintzy. It was a couple of stories about my angel investing. People started to realize, “Oh, he's hit a unicorn. Oh, he hit a second unicorn. Oh, he hit three unicorns.” When that started to get released, the value of the portfolio started to get released and Wall Street Journal did a story on it, people were pinging my agent saying, “Hey, is he gonna write a book?” I just thought to myself everybody I meet, like the stupider or more inexperienced they are, the greater the chance they've written a book. So like people who have no life experience and nothing to share, they write books in order to become subject matter efforts. I just thought isn't that backwards? Like, shouldn't the books go to the subject matter experts? I just thought what am I a subject matter expert on? Like, I was a good entrepreneur. I'm not like an elite great entrepreneur, like folks I've invested in who have done much better than me. I was a good entrepreneur. But angel investing is something I have a lot of credibility on since I've done 150 investments now and now six of them have become unicorns. Another company today announced that they raised over a billion dollars making medal 3D printers called Desktop Metal, which I was an investor on the first round to fund it. Matt: Nice. Jason C.: I was like this is something I could do. Then I looked at it and I said how do you frame that? I could make something for angels, but really the book is about how wealth is created in the 21st century as opposed to how wealth was created in the 20th century. That's really what I'm going for and if you read the book, you realize it's not just for angel investors. It's for anybody who wants to know how many is gonna be made in the next century. Money and wealth is not created by real estate and being rich dad, poor dad, secret millionaire on the block, art of the deal. You're not gonna become rich through some deal making or real estate in all likelihood. That dream is over. That was a really good model when the white collar boom was happening. You could get a white collar job, marry somebody with a white collar job, bring peanut butter and jelly to lunch, and then just don't go out to dinner, take staycations. Matt: Right. Save, save, save. Jason C.: Save, save, save. Pay down your house. But at that time, when our parents bought their houses, my parents bought their brownstone in Brooklyn for I think $45,000. My mom was making as a nurse 40,000 and my dad was probably making 30,000 as a bartender. Their house was one less than one times their yearly income. Now if you live in New York, a brownstone's a million dollars, and most people are making, let's say they were, forget about blue collar, just white collar people. They're probably making 100 to 150k each, so let's just call it best case scenario, 300,000 a year. A brownstone in Brooklyn's a million dollars or $2 million depending on where in Brooklyn, so it's five times, seven times the household income. Forget about Manhattan or other places. In San Francisco, it's an even further joke. So the idea that you would have these two white collar people suffer and then hit this amazing real estate thing, then buy a second home, or leverage it into a second home, is kinda laughable. Also, people are graduating with what? At the same time, people's debt is growing, so there's educational debt. People coming out of school with 50, 150k each, so they have household debt of 150,000. Then what happens? Boom, you had  the $150,000 in debt, you're not paying for your mortgage until you're 35. In this book, I explain hey, if you can get on cap tables of high growth companies, specifically in Silicon Valley, because the hit rate there is so much better and the numbers are just, add a zero or two from any other market in terms of the scale of those companies, you could really hit a home run and move from poor to rich, from middle class to rich, from rich to ultra rich. That's really what I was trying to do there. My hope is that if 100,000 people buy the book, and 5 or 10% of them start angel investing, maybe 1,000 of them have this incredible, or 100 of them have this incredible result. If the other ones just are plus or minus 50% of their money, that's a fine outcome too. Angel investing is something that's becoming something that a lot more people can do. Matt: Yeah and I want to talk about that, but I also looked at this book of course for the folks who are listening, the WordPress product companies, hosting companies, people who are doing upwards of maybe a million bucks a year selling WordPress plugins. This is a great book to reverse engineer these frameworks, right? Jason C.: Of course. Matt: How does Jason go to look for founders? Now these founders out there I mean pick up the book just because now you can reverse engineer that and it structures so damn well that you just zero in right on the part where Jason's negotiating or setting up the interviews. I mean it's an amazing tool. Jason C.: Exactly correct. That is a very astute point. There's actually a cheaper in there for founders where I just say like, “If you're a founder and you bought this book to game the system, congratulations. You're smart. You smart mother effers, like I salute you. Then here's what you need to know about what angels are going through and how they make their decisions because they are human beings too who are trying to figure this out.” You're not trying to game them. What you want is to really be in sync. For the people making a million dollars a year, like basically either become angel investors or they could actually read the book and understand hey, this is what venture capitalists and angel investors are looking to do. How do you accelerate a million dollar, that wedge strategy of doing templates, and being a single person who makes a million dollars a year, and one person with a couple freelances makes a million? How do you add a zero to that revenue or two zeros? I think if you read the book, you'll have an idea of how things like that can scale. Matt: A little bit on that point, so a lot of folks who do do this, who are doing the WordPress thing, and they're selling some digital products, a lot of them are developers. They started coding in the basement. They upgraded to coding in the garage. Now they're in a coworking space, coding at the coworking space. They're not sort of the marketing type or the entrepreneurial type in the sense of I want to scale this thing. But what can be said about at least talking to maybe an angel investor? I mean are there some benefits to taking … a lot of these folks are just sort of gun-shy for taking money. Are there some benefits to it that you could sort of peg off for people who might be afraid? Jason C.: Yeah. If you have a cash producing business, let's say it's profitable in throwing off a $250,000 a year salary for you. That's pretty amazing. Consider yourself lucky. You can work from home. You control your schedule. You start bringing investors in, they are gonna be looking, an angel investor is gonna be looking typically for a 5 to 10x return. Not this angel investor. I'm looking for people who can do a 100 for 500. But really, 50 to 100 is probably what professional angels are hoping that some of their companies do. A regular angel might be looking for 5 or 10 times their money in seven years. Venture capitalists are trying to invest millions of dollars and maybe do 10x as well with an outside chance of 100 or 200x. So you know that about them and you are kinda lighting a fuse or hitting a starter pistol when you do take that money. So it's a very astute observation. Your life is gonna change. You're gonna have to send updates to them. They're gonna have questions. They're gonna give you money, but they're also, hopefully if they're connected, gonna give you credibility, and resources, and help you strategize about how to add that zero to your revenue. So that everybody involved, all stakeholders, your customers, your partners, your employees, yourself as the founder and the investors, win. That's what the cap table is all about, the capitalization table. So you have to create a cap table, sell them some shares, give your employees some shares and say, “Hey, we're all gonna go on this journey. The company has a million in revenue. We value out of 5 million. There's 5 million shares in the company. They're all worth a dollar. The investor just put in a half million dollars. They bought 10% of the company. They gave us 500,000. Let's deploy that $500,000 intelligently. We'll hire five sales people and give them $50,000 plus commission and hire two more developers. Now we got seven people cranking.” What the people who are your grinders and your audience, the people who know how to grind out and make a real business that people find value from, they typically have the great product sense and the great customer sense. But they don't have the scale sense, right? Or they don't have it yet. Matt: Right. Jason C.: What they have to do is study what they've learned, study their customers and say, “Hey, maybe the top 5% of our customers or top 10% have a need that we've learned about, that we can double or triple down.” If they looked at it and said, “You know what? We have these three customers out of 1,000 who are financial companies, and they keep asking for this set of features. Let's tell them that we're building that product and let's get them to pay $25,000 a month for that product.” That's what kinda pulling the string as an entrepreneur and learning about a market, that's what I respect about those grinders, the people who get to a million dollars in revenue. I just did my first cannabis investment. I wasn't expecting to do one until maybe California was legal and maybe two years from now when things were a little more sorted. But I found a company that's making a million dollars from advertising, and doing cannabis tourism, and doing cannabis magazines, and cannabis festivals. I was like okay, that's a good starting point. If they know how to make a million dollars from just traditional advertising, and events, and stuff like that, maybe they'll figure out some bigger business, and they have a bigger business in mind. So I love those scrappy entrepreneurs. Matt: Yeah. I see that come up a lot. Like, I see a lot of people who are scrappy, doing a million bucks a year, but then they see these ideas get funded for multi millions of dollars and they haven't made a nickel yet. Meanwhile, these people are making hand over fist, hundreds of thousand dollars in cash every single month. I mean is that attractive when a company's making money or does that signal like this is only as big as you're gonna get? Jason C.: Yeah. Matt: Like, we should maybe not invest in that. Jason C.: An amazing question. For some people, it is a signal, a negative signal. Like, these people think small. But for people who are in the know, like savvy people, they're gonna look at it and go, “That person built what we call a dude business, or a dudette business, which is dude makes a million dollars a year. Dude makes half a million dollars a year.” Those people are so smart. I have a friend, Phil Kaplan, who created a company called DistroKid, and previous he did Effed Company and a couple of other startups. He's really brilliant and he makes these companies like just himself and a bunch of freelancers, and they get to millions of dollars in revenue. If you can be lean like that, you're gonna learn stuff, and then there's a time to figure out, “Okay, I built MailChimp, or SurveyMonkey, or examples of companies built off revenue that all of a sudden started to scale.” In SurveyMonkey's case, they took investment and then I believe in MailChimp's case, they had 400 million in revenue, and they had never taken anybody's money. So both things can work. If you want to work with a group of elite investors, when you come with that million dollars, and explain your vision, and say, “Listen, we made a million dollars. It was quite nice. We can grow this business 20% a year for the next 10 years and we'll make $10 million.” That's awesome. “We want to build a billion dollar company. Here's the billion dollar opportunity and here's why we need $1.5 million for 15% of the company. We're gonna build it from here to hit these goals.” That seems pretty credible to me. If it hasn't grown for five years and it's just slowly growing, and you say, “We're gonna make this accelerate,” you have to have a good story. So is it, “Why hasn't it grown faster?” It might be that you just never had outbound sales. You add an outbound sales team and everything changes. So they would want you to test that theory and probably give you 500k to test it. Matt: Got it. Jason C.: But most people don't take enough risks. Out of that group of people who are making that million dollars a year, half million dollars a year, what they don't realize is they're so concerned to protect the nest egg, and their upper middle class lifestyle, or let's say affluent life style. Maybe not rich, they could stop working, but they kinda have a nice place in life. They don't want to risk it, which I understand. But what you have to realize is if you don't risk it now, there's no chance of outside success. If you go for an outside success and it fails, and you've built a million dollar business before, you're gonna be able to build another million dollar one. It's kinda like there's this kid who climbs Yosemite and other mountains without a rope, Alex Honnold, or whatever his name is. It's just like you watch these videos and you're like, “My god, please don't do that.” I don't recommend people climb mountains without ropes, but if you're climbing the startup mountain and you fall, it gives you more credibility, and you just get to start over at the bottom of the mountain again. You don't die. People have this idea that's if you fail in your startup, you're dead. No, you're more credible, you've learned something, and you get to play. You put another quarter in the machine, you get to play the video game again. Matt: Yeah, absolutely. I mean that's obviously well said. I want to circle- Jason C.: Take more risk is my advice. Matt: Yeah and on that note, you mentioned something earlier about sort of they understand the scrappiness of creating the product, understanding the customer, and the love of building a business, right? That's why they did it. But they don't understand the scale factor. Is that what you would argue a good angel would come in and say, no pun intended I guess, but come in and say, “Hey look, we're gonna bless you with a … maybe point you in the right direction for an advisor, or building an advisory council,” or something like that? Does a good angel do that for their entrepreneurs or do you try to stay hands off and not really push them in a particular direction? Jason C.: It depends on what the founder wants. If the founder wants me involved, I get involved. If the founder doesn't need my help, I get less involved. I like to get a monthly update from the founder because it creates discipline with them to write the update. It takes them an hour to write the update, share the key metrics of the business, talk about the challenges, talk about the wins, talk about the losses, and how we might be able to help. If you have that discipline where you have your metrics dialed in and you write that update, and you send it to 10 investors, and say your management team, you can have like a really open dialogue. The companies that do that go a lot further because they maybe create a plan. If you have a plan to be successful and you execute the plan, you will be more successful. You might not succeed, but you will definitely be more successful. People who decide, “I'm gonna create a two year plan to grow my business from 1 million in year one to 3 million. In a year or two, I'm gonna go from 3 million to 9.” If they don't succeed at the plan and they hit 2 in 6, they will probably be further along than people without a plan. I'm a big fan of planning, and having people involved, and talking about the strategy, and paying attention to the data and the metrics. The great companies do that. Matt: I think you mentioned on a recent episode of your show that the folks who are shy or shy-ish of saying, “No, I'm gonna not give you that weekly or monthly update,” as sort of an indication to you that they're not taking their job seriously, or they might not be taking your relationship with handing them some cash seriously in that regard. Jason C.: Yeah, for sure. We definitely like to find people who are just serious about the business and want to do the business right. I think if you're gonna take angels, you need to look at, especially if you're in that zone of 500,000 to a million, a simple email to 10 different angels saying, “I have a business called blank. We make money by doing blank for blank. Here's a revenue chart, quarterly, monthly, week, whatever, and here's a link to our product demo.” Like, literally that's what? Less than five sentences. You all of a sudden get this massive … we click on the links, and we go check it out, and then we're gonna take the meeting. Most people write their life story and what they plan on doing, the talkers, the tourists. What I love about your audience is they're not talkers and tourists. They're people who have actually built real businesses and they just maybe haven't built the business that is designed to be a billion dollar business. But if you can build a million dollar business, truth be told, you can build a $10 million business. Now, if you have built the million dollar business, I don't know that means you can build a $100 million one. But if you build a million, you can definitely get to 10. If you can get to 10, you've got a business that's gonna be worth 5 to 20 times that number and you can build a team around you of investors who can tell you what people you need on your team to hit that next milestone. That's the trick. You're bringing these people in, they're invested, and now you have five people working toward your success who have skills that you don't have. Again, why fear the downside risk when there is none? It's not life or death and people have a life or death approach where they just don't take enough risk. I believe, in my heart, people don't take enough risk. Matt: It's funny you say that because I'm a mentor in an accelerator program out here on the East Coast. A lot of these folks coming in, and it's sort of like a sustainable accelerator, so businesses that are gonna help the local community, drive jobs, that kind of thing. Nothing like in the tech sector, although some come through with the tech sector. So many people starting companies now, they feel like it's life or death, right? Some of them are trying to do it because they're jaded from the Shark Tank shows that are out there. They think like, “All I have to do is get to this, and I'm gonna win a million bucks,” right? They think of it like a game show I guess and it's sort of not the case. But also, look, you can get up the next day. You can start another business, get another job, or something like that, and take another swing at it I guess. Jason C.: It's correct. Shark Tank's an amazing show for inspiring people to get involved. It has put in people's mind that that money in some cases is like the reward, that's the prize, when in fact that's the starter pistol as we talked about earlier. That just means okay, now you've deployed it, and those people want you to return. It's an investment, which means they want a return on capital. So yeah, I think it's been great that so many people are inspired to start companies, but finishing is important. Matt: As an investor, this is the inside baseball question for the direct folks in the audience, we're all using WordPress. It's all opensource. Does that scare you as an investor? Do you not touch opensource? Do you know investors that do and don't that might be some guidance for folks listening? Jason C.: It is amazing. Everybody wants to do opensource based startups. They [inaudible 00:25:55] WordPress.org and I've got the name of the other CMS, but the Boston company that now- Matt: Oh, Acquia, Drupal. Jason C.: Yeah, Drupal. Yeah, so these companies are real and they make a ton of money. I think Android has put to bed anybody's fear that like you can't do an open source thing and also control it, right? Google's done a pretty good job of having their cake and eating it too, haven't they? They have like Android, and they figured out, and there's a- Matt: Tesla's doing opensource I think even with their chargers coming up, right? They want to opensource their charging station so other manufacturers can- Jason C.: Build them. Matt: Build them. Jason C.: Yeah, I think they … What everybody realizes is at a certain point, you pick where you want to make your money and make your company defensible. So for Google, everything is opensource, except for their algorithm and their search engine. You can't figure out, that's a black box, right? But they'll opensource everything else to kill their competitors. Then Facebook is like, “We'll make our hardware platform opensource and we'll have everybody working on grinding the hardware quest down. But we're sure we're not gonna make our ad network, or a social graph, that's not gonna be available. It would be lightly available in the API. If you get any kind of traction on the API that gets people to leave Facebook, we're gonna turn you off.” The API for Facebook says, “The API is not designed to make people leave Facebook.” So if you use the API thinking you're gonna bring people to your platform, the second you get traction, they just say, “You're breaking the terms of service.” Matt: Yep. So let's pivot and talk about your current business, Inside.com. Is playing in somebody else's sandbox, I mean as you learned with Mahalo, as sort of some of us listening now. We've learned that from WordPress.com versus WordPress.org, two different businesses, two different entities. Is your play in email sort of saying, “You know what? To heck with these platforms. I'm just gonna go direct.” Jason C.: It's exactly … you couldn't be more right. After years of being frustrated by … Google was a big partner of ours. I was in their first quarterly report for Weblogs, Inc was the partner that they shared that was making money off of advertising. We were making over $2,000 a day. We were like the first million dollar independent company partner. So they used us as a case study, Weblogs, Inc and Gadget, and they used New York Times. I had this great 10 year relationship. I knew the founders of the company. I knew everybody there. Then they just decided to like go ham on us, and all the other content sites, and destroy us. Then when I called them, like I couldn't get my phone calls returned. I was like, “We're partners.” Then Matt Cutts is like, “We don't have partners and you don't have a penalty against you.” I'm like, “90% of our traffic's gone and here's 1,000 emails with your team talking about how great our partnership is.” They basically lied and you can see them getting dinged. They just got a $2.7 billion fine just on comparison shopping, so they're gonna get dinged for local. They get dinged for all these other things as well. They really use their monopolistic position to hurt the companies in their ecosystem, which I understand. I wouldn't have done it that way. They were loved originally by partners. What they should've done is just given us a licensing fee for our content and said, “Hey, if we put your content on the one box or whatever, we're just gonna give you 10 cents a CPM.” All of a sudden Yelp would've been getting a million dollar a month check and everybody would've been happy. Google would've been making 100 million off of that. There was a way for them to do it, and I think they probably regret it now, and they're probably trying to fix it. Or they're laughing all the way to the bank, it doesn't matter. Matt: I feel like they're doing it again with YouTube content and sort of just- Jason C.: Changing the rules. Matt: Yeah, sucking the life out of ad revenue. Jason C.: Yeah. No, all of a sudden they said, “If you have under 10,000 views, no ads.” If CNN talks about a terrorist attack, they can have advertising. If an independent person who helped build YouTube into what it is, like Philip DeFranco, mentions a terrorist attack, they won't put ads on it. So Philip went crazy on them. He said, “Wait a second. I helped build this platform and now you're changing it?” So Philip's leaving the platform. I saw that coming. I left the platform. Wmail is one of these great things. You can go direct and you can make money directly from consumers, so not even having to rely on advertising. Now we're going and saying to our customers, “Hey, pay for the content. We'll give you some extra content if you pay. If you want free, you get whatever it's gonna be, 20% or 60% of the content for free. Some percentage, 50/50, we're not sure yet, 60/40, will be for the paid people and for people who contributed.” We did it with LAUNCH Ticker, our first email newsletter. Of the 27,000 people, we have over 1,000 paying, so about 4%. If I can replicate that with the 200,000 subscribers on Inside.com's 26 newsletters, we'll have a great business. We'll have 8,000 paid subscribers. We'll be making a million dollars a year. That pays for a lot of journalists and you have 20 journalists working from home for that. I'm really interested in owning a deep direct relationship. Now, if you think about it, Gmail is even trying to- Matt: Oh yeah, that was gonna be my next question. Jason C.: For that, with their tabs and putting you in their thing. But it's so hard for them to do. We are even going to be going … We started experimenting with SMS and owning people's relationship there. I think use any of these other platforms if it gets you customers, but own a direct deep relationship. I can't tell you how many people I know who have apps and have no emails. It's like get the email address of these people and email is the big growth hack for Twitter and for a lot of other sites where they email you, “Here's what you missed.” That was the big hack for a lot of these companies. So if you're not collecting emails everywhere, and providing massive value to those email subscribers, you're doing it wrong. Matt: Yeah and I mean as again folks who are listening now, WordPress itself, being an opensource platform, you can do whatever you want. I mean we have tons of folks in the audience who are building membership sites. People are coming to the site. They're paying either $9 bucks a month, $200 bucks a year, transaction happens right on a WordPress site. They can control the content, put up a paywall, all that fun stuff. What's the product evolution of Inside.com? Do you then spin back to where you were five, six years ago and start creating video content along with this stuff, audio content, along- Jason C.: Yeah, anything's possible. I think the goal is once you have 10,000, 20,000 emails, you start to have this virtuous cycle where the news is coming to you. You can bolt anything onto something with 20,000, 30,000 emails, and that's gonna have some amount of success, so it's a very astute observation. It's very possible Inside AI could have a weekly podcast, and the email would drive the podcast. The email content would drive the topics of the podcast, so it's possible we can layer on podcasting onto email. What I found was every business I looked at kept saying if email's the growth thing, why don't we make email look [inaudible 00:32:41], right? Matt: Right. Jason C.: If everybody's looking and saying, “Hey, email is the thing to get growth,” what if the entire product is centered around email, and engagement, and opening it? So that's really what I'm focused on. I set a goal in the beginning like, “Let's get a certain number of opens.” We hit that. Then I said, “Let's get to 50 newsletters. We're halfway there.” Now I'm saying, “Let's get to 1 or 2% of the people who are free, paying. That just started three or four weeks ago, but it's promised thousands of dollars in monthly reoccurring revenue.” It's a very lightweight business, like many people who are part of your audience, I'm like literally aspiring to hitting that million dollars in revenue and having 20 full time 50k a year journalists working from home. A 50k salary for a journalist working from home, or 40k plus benefits, or something in that range, I mean you can get people with three, four or five years experience. We have this thing in New York and San Francisco where they think journalists need to make 70, 80, 90, $100,000. It turns out if you're living in New Hampshire, or Arizona, or other places, to get a work from home job with benefits for 40 or 50k is a tremendous tremendous opportunity. Matt: Yeah, absolutely. Jason C.: Because you can't get that salary. If you do get that salary, you probably have to drag your ass into an office. Matt: Right, right. I do miss your Inside Drones YouTube series that you were doing at one point. I do miss that. That was good. Jason C.: We'll get back to it. What we found was we weren't getting … it was cart before horse. When we started doing some of those tests, we weren't getting the engagement that we wanted, and then they were trying to figure out how to regrow it. So it's like oh, let's work backwards, you know? Matt: As we sort of wrap up here because I know you're a little crunched on time. How do you live in that happy chaos? Let me just stage that. I was talking to a founder today and in my mentor session, it was like okay, you're selling your product. You're out there, you're pushing it. But then there's like this little cloud above you. That little 20% of ideas, and testings, and little things you want to try sort of just floats up there. You sort of pull things out every now and again, like your Inside Drones, maybe cart before horse. How do you manage that? Because I feel like you do a lot of that. You're always testing things. You're always trying new ideas. You don't shy away from it. Jason C.: No. Matt: Is there a way for you to manage that? Jason C.: Yeah, for sure. Here's how I look at it. I look at startups themselves when I angel invest and I look at my own little tests as satellites, little missions. If you wanted to find life in the universe, I think the way to do it is to send out 100 probes to 100 different planets that could have life on them, and just see if you get a return signal, right? Matt: Right. Jason C.: That's the way to look at these experiments. If you get to a planet that you think is in the Goldilocks zone and shouldn't be inhabitable, and you get there and there's nobody there, great. You can cross that one off the list. As you start crossing them off the list, you're gonna start getting data. So oh, doing the podcast about drones didn't work, but doing a newsletter did. Okay, what's making the newsletter grow? Oh, doing interviews with people who are CEOs of drone companies means they retweet it, and people get value from it, and blah blah blah blah. You start figuring out what works, which experiments are getting you closer to finding life and which ones are not. Sometimes you gotta cross things off the list to know they don't work. That's really what's entrepreneurship is about, is you're just trying to triangulate around a signal. Sometimes it's a weak signal, but the signal starts getting stronger and stronger, and revenue and engagement are the signals. So open rates are the signal. When we started Inside, we have a newsletter called Daily Brief, which is just about the news of the day. We realized hey 40, 50% of people were opening it in the mornings. Then people were telling us the next day that a lot of the news was stale. So I said okay, let's run a test. Take the thousand people on the list and send like 1,000 of the 10,000 people or 20,000 people, whatever it is, a second edition at 3 o'clock in the afternoon with whatever else has happened, like an update. Just tell them it's an update on what was happening in the morning news. Like, four people were like, “I didn't ask for this.” We're like, “We'll unsubscribe you.” Three of them were like, “Don't unsubscribe, I love it.” But they were kind of upset that they were … I just told the whole list, “Listen, we're moving to twice a day. If you don't like it, unsubscribe.” Someone's like, “I only want once a day.” I was like, “We don't provide that.” They're like, “Okay.” They're like, “You can't do that.” There's always like a couple of people in every crowd where the people at a restaurant who are like, “You can't charge for bread,” and the restaurant's like, “We charge for bread.” “Okay, fine.” Or, “A hamburger should come with french fries. How do you charge for french fries?” Then you would say, “Well, not everybody wants french fries, so we charge an extra dollar for french fries. That's just the way we choose to do it. If you don't like it, go somewhere else.” Sometimes people listen too much to their costumers, so you gotta understand the overall impact of the metrics. That just requires having not a discussion about emotions, or feelings, or predictions, or who's in charge, but data and the crafting of experiments. The Lean Startup's a great book by my friend Erick Ries that talks about this lean startup methodology, which everybody listening to this should be familiar with. Matt: Yeah, definitely. Jason C.: But what's the least costly and quickest way to get the signal to understand if this is gonna work or not? That's your goal. How can you cheaply figure it out? The way I cheaply figure it out was let's just put a newsletter out there. Inside had a news app, hundreds of thousands of people downloaded the app. Less than 1% used it a day. When we send emails, 30, 40, 50% of people open each one and we send two a day. So you put that together, we went 50x using an old technology, and now we don't have seven developers working on an app, eight developers working on an app. The whole app team was maybe eight people, very highly paid people. We can redeploy those eight people's salaries, and hire a dozen journalists, and get further. That's no dig to the … It just turned out that news apps didn't work. I mean I was an investor in Circa and a bunch of other news apps I loved, and used, and nobody made a news app that's worked. It just doesn't work. People forget they have it. Matt: Yeah, I remember when you launched that, and I was like oh man, I don't know if I'm gonna be using this app all the time and I installed it. But then when you pivoted to the straight up email, I was like yes, this is … Because this is all I, I swear to god, this is not just because you're on my show and because I'm a super fan. But it's like the only place I read news now. I don't go into Facebook and even dare click on an article. One, because I don't want to get retargeted. Two, I don't want to see all the bullshit comments that people have to say about stuff. I just want to see the news headlines, get the synopsis, and then click on it if I so desire. I think Inside really hits the mark on that. Jason C.: Thank you. Matt: Oh man. One last followup on that. Ad free and just go membership monetization model moving forward or make sure- Jason C.: Probably a combination. In the free ones, we'll have free ones, and you can rock out with a free one, and there's a little bit of advertising in it, and then we'll have the space of users who pays. One of the things we're experimenting with is just letting people turn off the ad. In Launch Ticker, we let the thousand people turn off the ads, and I think 10 of them or 20 of them took the time to do it. So you can turn the ads off technically by just clicking a button in your profile settings, and it turns out nobody does. People like to see the ads if they're targeted, so I think you can have your cake and eat it too. I think you can have a paid Vanity Fair, though with ads. So it's- Matt: That's a pretty cool idea because I guess if somebody clicked on that, you could. The paid for newsletter just simply doesn't come with ads. If you don't want to see ads in your email, just scrolling the headlines, just pay for it. I mean it's super easy, makes sense. Jason C.: I think like there's this group of people, like when Hulu came out with … I had a Hulu subscription for $10 bucks. It had ads. It was making me crazy because Netflix doesn't have ads and I'm paying $10 bucks for that. Then they made a $13 version that had no ads. I upgraded to that. I think there's probably like 20% of people are sensitive enough that they would pay the extra $3, an extra $36 a year. Then most people would not. In this day and age, I don't know you have to choose. I think it would be brilliant for Netflix to have a version where today, this Saturday, Mercedes is making Netflix free, and you can watch Orange is the New Black and all the original shows are free this Saturday, brought to you by Mercedes. You have to watch a Mercedes ad at the beginning and take a survey at the end. Mercedes could just make a Saturday Mercedes day on Netflix. Netflix gets all the people to download and sample the shows. They give them $10 million or $5 million for doing it. Like, just do one day a month where Netflix is free. It'd be great onboarding. Matt: Yeah, no absolutely. Jason, I can't thank you enough for taking the time to do this. Look, I am finally- Jason C.: Thanks for reading the book. Matt: Yeah, no problem. Jason C.: I appreciate it. I was like oh, you send a book to a lot of people, and they're like, “Yeah,” you know. I'm like, “What did you like about the book?” You actually have like specific moments in the book. You actually read it, so I really appreciate that. Matt: I actually thought you were gonna say, “How did this schmuck get the book?” Jason C.: No, it's- Matt: Listen, I am only a 10 minute flight away from Nantucket, so whenever you want to have a beer the next time you're in town, you let me know. Jason C.: Oh my gosh, so you're on the Cape somewhere or where? Matt: Yeah, I'm at Dartmouth, Mass. So it's just I hop anywhere to New Bedford, hop on the airline, it's about 10, 15 minutes in air. It's beautiful. Jason C.: I love that place. I love that place, yeah. No, no. Be careful. Matt: Where can folks find you on the web to say thanks? Jason C.: Oh, well Twitter. My Twitter handle is Jason, J-A-S-O-N, same with my Instagram. If you went to check out Inside.com, take a look. Angel, the book, is in stores now. If you tweet me your receipt, I will give you a unicorn number and a name. Matt: That is hilarious by the way. Jason C.: It's pretty hilarious. Yeah, like 300 people have done it, so we give them a unicorn name and a unicorn number, so you count up. We're gonna do 1,000 unicorn names for the first thousand people who tweet their receipts. We're 300 in, so that's good. Matt: Go grab the book, folks. Even if you're not considering angel investment, it's an amazing book to reverse engineer, to find those angel investors out there and get that money into your business. Try to scale. Stop being the development in the basement. Or be the developer in the basement if you want, but- Jason C.: Yeah, just add a zero. Matt: Just add a zero. Just add a zero. Jason C.: That's what I always tell my founders, like just add a zero. Then they add the zero, so I said, “Okay, let's add one more and we're done.” Matt: Oh, that's awesome stuff. It's MattReport.com, MattReport.com/subscribe to join the mailing list. Thanks everybody. Jason C.: Thanks Matt. ★ Support this podcast ★

The Less Doing Podcast
207: Jesse Yandell - The Resiliency of the U.S. Army Ranger

The Less Doing Podcast

Play Episode Listen Later Mar 2, 2016 53:57


# Summary: In Episode #207 Ari welcomes [Jesse Yandell](https://www.linkedin.com/in/jesseyandell), an NCO and US Army Ranger who's successfully transitioning from life as a Special Forces operator, to life as an entrepreneur. Listen as Jesse and Ari talk about what it takes to make it as an US Army Ranger, how military training is _perfect_ for any aspiring entrepreneur, and why doing the routine things routinely is of the utmost importance. Time Stamped Show Notes: - 31:15 – Introduction of Jesse Yandell - 31:45 – NCO and US Army Ranger - 32:02 – What the Rangers do - 33:05 – When much is given, much is expected - 34:10 – _The Standard_—there's no grey area…it's pass or fail in the Special Forces - 35:35 – What the Rangers specialize in? What's their talent?—The Ranger Fire Team - 37:04 – Turning fear into courage - 37:55 – Jesse has done 15 tours - 39:15 – Describing the week of recovery - 40:50 – The resiliency of the Ranger - 41:50 – The Special Forces community uses PT to handle the recovery process - 43:03 – Rangers are responsible for making sure their teammates get the help they need when they need it - 43:52 – You need to take your recovery as seriously as your training - 44:22 – No one ever sees their own warning signs - 45:00 – _Do the routine things routinely_ - 45:22 – Waking up at 5:30 AM every day - 47:47 – Jesse's Ranger Buddy in Business - 48:05 – [AmericanDreamU.com](http://www.AmericanDreamU.com) - 49:20 – [The Uncommon Human](http://www.uncommonhuman.com/) - 51:00 – Don't put yourself in a compromising situation - 51:24 – _Top 3 Tips to be More Effective:_ - Become confident, than become self-reliant - Live with discipline and humility - Maintain balance - 52:25 – [uncommonhuman.com](http://www.uncommonhuman.com) 3 Key Points: 1. Do the routine things routinely. 2. Understand that when much is given to you, much is expected of you. 3. Never intentionally put yourself into a situation where you're questioning your morals or integrity. Resources Mentioned: - [SirCa](http://sircanav.com/?ref=producthunt) – Helps you find services and facilities along your route, regardless of your mode of transit - [What the Productive Won't Do](http://www.marcandangel.com/2016/01/31/10-things-enormously-productive-people-refuse-to-do/) – A great article from Marc and Angel - [How to be a Better Parent](http://www.bakadesuyo.com/2016/01/how-to-be-a-better-parent-2/) – From Barking Up the Wrong Tree - [Hail Overman](http://www.hailoverman.com/flowstate?ref=producthunt) – A flow-state writing app that will keep you writing - [True Bill](https://www.truebill.com/?ref=producthunt) – Find, track, and cancel all your subscriptions in one go - [Workato](https://www.workato.com/workbot-slack?ref=producthunt) – Like Zapier, but you're talking to a bot to create the automation in slack - [Knote](http://knote.com/2016/02/02/want-creative-dont-sleep/) – Want to be creative? Don't sleep - [SethGodin](http://sethgodin.typepad.com/seths_blog/2016/02/fit-and-finish.html) – An upcoming interview with Ari - [The Uncommon Human](http://www.uncommonhuman.com/) – Jesse's Company Sponsored By: [EarthClassMail](https://www.earthclassmail.com/) – Earth Class Mail helps you move your snail mail to the cloud. Visit [www.LessDoing.com/postal](http://www.LessDoing.com/postal) to get signed up now! Text DOLESS to 33733 to sign up for the Less Doing Newsletter Credits - Original Music provided by [Felix Bird](http://2014.felixbird.com/) - Audio Production by [Chris Mottram](https://www.linkedin.com/pub/christopher-mottram/96/b12/708) - Show Notes provided by [Mallard Creatives](http://www.MallardCreatives.com/Testimonials) ------- [Get the FREE Optimize, Automate, Outsource Blueprint here.](https://go.lessdoing.com/blueprint?utm_campaign=blueprint-ari&utm_medium=link&utm_source=podcast) --- Send in a voice message: https://anchor.fm/lessdoing/message