Podcasts about Epinions

Get more notes at https://podcastnotes.org Product and Media are the Leverage of the New Wealth (Listen) | Episode 21* The most important form of leverage is the idea of products which have no marginal cost of replication (aka product leverage)* You can replicate your efforts without having to involve other humans* Ex. – A podcast* Long ago, to get similar reach, you would have had to give a public lecture* 30-40 years ago – you would have had to get on TV* But today, thanks to the internet, anyone can launch a podcast* Product leverage is how fortunes will be made in the digital age – using things like code or media* Ex. of people who utilized code-based product leverage – Mark Zuckerberg, Jeff Bezos, Sergey Brin* Ex. of media-based product leverage – Joe Rogan, PewDiePie* Combining labor leverage, capital leverage, and product leverage is a magic combination for tech startups (for more on labor and capital leverage, check out these Podcast Notes)* You use the minimum, highest output labor – engineers and product developers* You add capital which you can use for marketing, advertising, and scaling* You then add lots of code, media, and content to get everything out there* Product and media leverage are permisionless – they don't require someone else's permission for you to use them or succeed* For labor leverage – someone has to decide to follow you* For capital leverage – someone has to give you money* But coding, writing tweets, making podcasts, YouTubing – these are permissionless* The robot revolution has already arrived – we just keep them in data centers/servers* Think – every great software developer has an army of robots working for him/her at night, while they sleep, after they've written the code and they're just cranking away* Robots do web searching for you* Robots handle customer service inquiries* Over time, this will progress to autonomous vehicles/planes/trucks* Coding is a superpower because it allows you to speak the language of the robots and tell them what to doProduct Leverage is Egalitarian in its Outputs (Listen) | Episode 22* Product (both code-based and media-based) leverage is egalitarian in its outputs* Compare this to labor and capital leverage – which are much less egalitarian* In general – the more of a human element there is in providing a service, the less egalitarian it is* “It's the nature of code and media output that the same product is accessible to everybody…The best products tend to be at the center, at the sweet spot of the middle class, rather than being targeted to the upper class.” – Naval Ravikant* For example:* Things like Netflix and Facebook – everybody can use* Compare this to Rolex watches or a Lamborghini – using/owning them is much more related to status-seeking* As the forms of leverage have gone from being labor-based and capital-based to being more product/code/media-based – “Most of the goods and services that we consume are becoming much more egalitarian in their consumption”* Things like food – rich people don't eat better food* Technology and media products have amazing scale economies* “If you care about ethics in wealth creation, it's better to create your wealth using code and media as leverage. Then those products are equally available to everybody as opposed to trying to create your wealth through labor or capital.” – Naval Ravikant* “If you're wealthy today, for large classes of things, you tend to spend your money on signaling goods to show other people that you are wealthy, and you try and convert them to status as opposed to actually consuming the goods for their own sake” – Naval RavikantBusiness Models Have Their Own Leverage (Listen) | Episode 23* Some business models give you “free leverage” – Examples:* Scale economies = the more you produce of something, the cheaper it gets to make* Technology and media products have this great quality where they have zero marginal cost of reproduction* Thinks like podcasts and YouTube videos* Ex. – Joe Rogan is working no harder now than he was on podcast #1, but it's now generating millions more* Then there are network effects businesses* A network effect is when each additional user adds value to the existing user base* Like language – The language becomes more valuable the more people who speak it* “Long-term, the entire world is probably going to end up speaking English and Chinese” – Naval Ravikant* It's thought that the value of a network is proportional to the square of the number of nodes of the network* A network of size 10 would have a value of 100, while a network of size 100 would have a value of 10,000* “You want to be in a network effects business” – Naval Ravikant* Things like Facebook, Uber, Twitter, YouTube, Google* “You should always be thinking about how your users or customers can add value to each other because that is the ultimate form of leverage” – Naval Ravikant* When you're picking a business model, aim to pick one where you can benefit from network effects, low marginal costs, and scale economiesAn Example: From Laborer to Real Estate Tech Company (Listen) | Episode 24* An example from the real estate business* A day laborer on a construction site, unless you're in a skilled trade, doesn't have specific knowledge* Even if you're a carpenter or electrician, other people can be trained to do your job – you can probably be replaced* You don't have much accountability – “You're a faceless cog in the construction crew”* They don't have much, if any, leverage* A general contractor, who someone hires to come and fix/repair their house, has a little more accountability* They'll make more money than a day laborer, but they take more risk (if the project runs over budget, they'll eat the loss)* The accountability gives them more potential income* They have labor leverage (people working for them)* A property developer is one level above a general contractor – these are people who go around looking for beaten-down properties which have potential and then buy them to fix them up* They can make a healthy profit by selling a building for 2-3x what they bought it for* A developer has more accountability/risk and much more specific knowledge* They have to know which neighborhoods are worth buying in, which lots are good/bad, and what makes/breaks a specific property* They have capital leverage and labor leverage* Beyond the property developer might be a famous architect/developer where just having your name on a property increases its value* Above that might be a property developer who builds entire communities* Above that – someone who funds real estate through an investment trust* Beyond that – someone (or a team of people) who understands the real estate market and the tech business (how to code/recruit developers/build a good product), and knows how to raise money from VCs* Think – something like Zillow* This team/individual would have all forms of leverage – labor (people working for him/her), code, capital (money from investors)* As you climb the chain – You layer in more knowledge which can only be gained on the job, more accountability/risk-taking, more capital, and more laborJudgment Is the Decisive Skill in an Age of Infinite Leverage (Listen) | Episode 25* First aim to get leverage, and once you have leverage – your judgment becomes the most important skill* How do you get leverage?* Get it permisionlessly – learn to code, create podcasts, become a good writer* Through permission – get people to work for you, or raise capital* “All the great fortunes are created through leverage” – Naval Ravikant* In high leverage positions (like a CEO), most of the time you're paid based on your judgment ability* Definitions:* Wisdom is knowing the long-term consequences of your actions* Judgment is wisdom on a personal domain (wisdom applied to external problems)* True judgment ability comes from experience* “Intellect without any experience is often worse than useless” – Naval Ravikant* You get the confidence that intellect gives you along with some credibility, but because you had no skin in the game and no real experience….”you're just throwing darts”* The people with the best judgment are actually among the least emotional* “The thing that prevents you from seeing what's actually happening are your emotions; our emotions are constantly clouding our judgment” – Naval Ravikant* Let's sum up:* First, you're accountable for your judgment* Judgment is the exercise of wisdom* Wisdom comes from experience* That experience can be accelerated through short iterations* “Investment books are sort of the worst place to learn about investment”* To get good at investing, you need broad-based judgment and thinking – the best way to obtain this is to study everything (including a lot of philosophy)* Philosophy makes you more stoic/less emotional and more likely to make better decisions (so you have better judgment)* The more outraged somebody gets, the worse their judgment probably is* “If someone's constantly tweeting political outrage and seems like an angry person, you don't want to hand them the keys to your car let alone the keys to your company”Set and Enforce an Aspirational Hourly Rate (Listen) | Episode 26* “No one is going to value you more than you value yourself” – Naval Ravikant* So set a high personal hourly rate and stick to it* Always factor your time into any decision (as well as your personal hourly rate)* So if your personal hourly rate is $60, and you estimate it will take you an hour and a half to return a $40 product, it's not worth it* You have a finite amount of high-output mental hours each day – “Do you want to use them to run errands and solve little problems or do you want to save them for the big stuff?”* “You can spend your life however you want, but if you want to get rich, it has to be your number one overwhelming desire” – Naval Ravikant* This means it has to come before ANYTHING else* Advice – Look forward to the future and set an aspirational hourly rate* Way back, Naval's aspirational hourly rate was $5,000/hour (even though he was only making a fraction of this at the time)* Today, Naval estimates he's actually beaten his goal* “It should seem and feel absurdly high. If it doesn't, it's not high enough.” – Naval Ravikant* If you can outsource something for less than your hourly rate, outsource it* Even for things like cooking* Paul Graham has said (directed to Y Combinator startups):* “You should be working on your product, getting product-market fit, exercising, and eating healthy. That's it. That's kind of all you have time for while you're on this mission.”Work as Hard as You Can (Listen) | Episode 27* “If getting wealthy is your goal, you're going to have to work as hard as you can” – Naval Ravikant* BUT – “Hard work is absolutely no substitute for who you work with and what you work on”* The hierarchy of importance:* “What you work on is probably the most important thing” – Naval Ravikant* AKA Product-Market-Founder fit (how well you personally are suited to a business”* Next – Picking the right people to work with* Third – How hard you work* But – they're like 3 legs of a stool, if you shortchange any one of them the whole stool is gonna fall down* The order of operations when building a business/career:* First – Figure out what you should be doing* Is there a market that's emerging that you're interested in?* Is there a product you could build which would fall in line with your specific knowledge?* Second – Surround yourself with the best people possible* “No matter how high your bar is, raise your bar” – Naval Ravikant* “You can never be working with other people who are great enough. If there's someone greater out there to work with, you should go work with them.” – Naval Ravikant* A good tip on deciding which startup to work for – Pick the one that will have the best alumni network for you in the future* Third – Work as hard as you can (AFTER you've picked the right thing to work on and the right people to work with)* “Nobody really works 80-120 hours a week sustainably at high-output with mental clarity” – Naval Ravikant* Knowledge workers tend to sprint while they're working on something that they're inspired/passionate about and then they rest* Sprint —> Rest —> Re-asses —> Try Again* (You end up building a marathon of sprints)* Inspiration is perishable* When you have the inspiration, act on it right then and there – otherwise you probably won't do it* Be impatient with actions and patient with results* “If I have a problem that I discover in one of my businesses that needs to be solved, I basically won't sleep until the resolution is in motion” – Naval RavikantBe Too Busy to “Do Coffee” (Listen) | Episode 28* Naval once tweeted – “You should be too busy to do coffee while keeping an uncluttered calendar”* The ONLY way to stay focused and be able to do the most high-impact work/what you're most inspired about is to constantly, RUTHLESSLY, decline meetings* It's fine to make connections and “do coffee” early in your career when you're exploring* But later in your career when you're exploiting – “You have to ruthlessly cut meetings out of your life”* If someone wants to have a meeting, suggest a phone call* If they want a phone call, suggest an email* When you do have meetings, make it a walking meeting (or a standing meeting), keep them short, and keep them small* “Any meeting with 8 people in it sitting around a conference table – nothing is getting done in that meeting, you're literally just dying one hour at a time” – Naval Ravikant* When you've done something important or valuable, busy people will meet with you* Suggest – “Hey, here's what I've done. Here's what I can show you. Let's meet and I'll be respectful of your time if this is useful to you.”* You HAVE to come with a proper calling card* “Product progress is the resume for the entrepreneur” – Naval Ravikant* You NEED proof of work to get a meeting with a busy person* “A busy calendar and a busy mind will destroy your ability to do great things in this world” – Naval Ravikant* If you want to be able to do great things you need free time and you need a free mind.Keep Redefining What You Do (Listen) | Episode 29* Naval tweeted – “Become the best in the world at what you do. Keep redefining what you do until this is true.”* “If you really want to get paid in this world, you want to be number one at whatever it is you're doing” – Naval Ravikant* Some of the most successful people in the world get paid for just being “them”* Oprah, Joe Rogan, etc. – they're being authentic to themselves* But – keep changing what you do until you're number one* It should be something that aligns with your specific knowledge, skill sets, interest, and capabilities* You should be thinking:* “I want to be the best at what I do”* “What I do is flexible, so that I'm the best at it”* (It's not an overnight discovery, it's a long journey)* A company should search for product-market fit* An entrepreneur should search for founder-product-market fitEscape Competition Through Authenticity (Listen) | Episode 30* Humans are highly memetic creatures – we tend to copy what everybody else is doing, including our desires* Very often, you get trapped in the wrong game because you're competing* The best way to escape competition is to just be authentic to yourself* If you're building and marketing something which is an extension of who you are, no one can compete with you on that* Think – It's near IMPOSSIBLE to compete with someone like Joe Rogan or Scott Adams* This is easiest to see in art, but even entrepreneurs are authentic (the businesses and product they create should be authentic to their desires and means)* “Authenticity naturally gets you away from competition” – Naval Ravikant* In entrepreneurship, the masses are never right* “If the masses knew how to build great things and create great wealth we'd all already be done. We'd all already be rich by now.” – Naval Ravikant* “Generally, most people will make the mistake of paying too much attention to the competition and being too much like the competition and not being authentic enough” – Naval Ravikant* The great founders tend to be authentic iconoclasts* As Robert Frost said – “Combine your vocation and your avocation” (what you love to do and what you do)* Long term, if you're good and successful at what you do, you'll find you're pretty much doing your hobbies for a living* “Ideally you want to end up specializing in being you” – Naval RavikantPlay Stupid Games, Win Stupid Prizes (Listen) | Episode 31* When you're being authentic, competition matters a whole lot less* Silicon Valley tech industry businesses tend to be winner take all* When you see competition, this can make you fly into a rage* You're often 1 step away from a completely different business, and sometimes you need to take that one step* But you won't be able to take it if you're fighting over a booby prize (aka playing a stupid game), blinded by competition* A personal example from Naval:* He was running Epinions (an online product review site independent of Amazon) a while back…* The space eventually turned into Trip Advisor and Yelp* “This is where we should have gone. We should have done more local reviews. There's more value to having a review for a scarce item (like a local restaurant) than some camera which might have 1,000 reviews on Amazon. But before we could get there, we got caught up in the whole comparison shopping game.” – Naval Ravikant* The whole space went to 0 as Amazon ended up winning the online retail game* “We should have been looking at what the consumer really wanted, and stayed authentic to ourselves – which is reviews, not price comparison” – Naval Ravikant* “We should have gone more and more into esoteric items that needed to be reviewed where customers had less and less data and wanted reviews more badly”* “If we stayed authentic to ourselves, we would have done better” – Naval RavikantEventually, You Will Get What You Deserve (Listen) | Episode 32* Naval tweeted – “Apply specific knowledge with leverage and eventually you'll get what you deserve”* (You could also add to that, apply: judgment or accountability)* Results take TIME* “If you're counting, you'll run out of patience before it actually arrives” – Naval Ravikant* Everybody wants results immediately, but you have to put in the hours* Put yourself in a good position with the specific knowledge, the accountability, the leverage, and your authentic skill set which allows you to be the best in the world at what you do (but you have to enjoy it)* Then just keep doing it, doing it, and doing it, and don't keep track, and don't keep count* “On a long enough time scale, you do get paid, but it can easily be 10 or 20 years” – Naval Ravikant* In entrepreneurship, you just have to be right ONCE* And the good news is you can take as many shots on goal as you want (usually every 3-5 years, 10 at the slowest)* Nivi has an equation:* Your eventual outcome = (the distinctiveness of your specific knowledge) x (how much leverage you apply) x (how often your judgment is correct) x (how accountable you are for the outcome) x (how much society values what you're doing) x (how long you can keep doing it) x (your improvement rate with learning and reading)* But the thing that matters most – find something you're good at that the market values* If you're good at it – you'll keep it up, develop the judgment, and eventually take on accountability (all the other variables fall into place)* “Product-market fit is inevitable if you're doing something you love to do and the market wants it” – Naval RavikantReject Most Advice (Listen) | Episode 33* “Avoid people who got rich quickly, they're just giving you their winning lottery ticket numbers” – Naval Ravikant* “The best founders I know listen to and read EVERYONE, but then they ignore everyone and make up their own mind” – Naval Ravikant* They have their OWN internal model of how to apply things to their situation and don't hesitate to discard information if necessary* Remember – “If you survey enough people, all the advice will cancel to 0”* When you hear a piece of advice/information, ask yourself:* “Is this true?”* “Is this true outside of the context of what that person applied it in?”* “Is it true in my context?”* “Do I want to apply it?”* Reject most advice, but remember you have to listen to/read enough of it to know what to reject and what to accept* Here's how Naval views the purpose of advice:* “I view it as helping me have anecdotes and maxims that I can then later recall when I have my own direct experience and say, ‘Ah, that's what that person meant.'” – Naval Ravikant* “90% of my tweets are just maxims that I carve for myself that are then mental hooks to remind me when I'm in that situation again” – Naval Ravikant* Like Naval's tweet – “If you can't see yourself looking with someone for life, then don't work with them for a day”Read the Full Notes at Podcast Notes Thank you for subscribing. 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Nirav Tolia is the co-founder and two-time CEO of Nextdoor. He started the company in 2011, stepped down as CEO in 2018, watched the company go public in 2021, and re-joined as CEO the summer of 2024. He also founded Epinions which IPO'd in 2004, and before that was an early employee at Yahoo. We go inside the decision to re-join the company after he thought he'd never come back, and how Nextdoor's trying to act like a startup while running a public company. He also takes us back to the very early days of Nextdoor, the deliberate product decisions that made growth hard but led to 100M+ neighbors on the platform, the lessons learned operating his first company through the Dot Com Bubble, and what it was like being a guest shark on Shark Tank. For full show notes, visit: https://highlightai.com/share/d7bcd655-9b2f-47f7-a6e3-fdf3e109c97e  Recommended Podcast:

Hvordan er den humanitære situation i Gaza efter et år med krig? Hvordan har krigen mellem Israel og Hizbollah påvirket hverdagen i Beirut? Og hvad fortæller Epinions resultater om konfliktens kompleksitet og rolle herhjemme? Dagens værter: Ole Brink og Søren Carlsen.

Jakob og Esben konkluderer på arbejdernes internationale kampdag, hvor et klassisk emne som arbejdstid igen skiller Socialdemokratiet fra venstrefløjen. De kigger også på denne uges katastrofe-meningsmåling, som sender Venstre ned på 6,5 procent. Og så runder de forsvarsforliget, for nu bliver det igen en fælles erfaring at have sprunget soldat.Værter: Esben Schjørring, politisk redaktør på Altinget, og Jakob Nielsen, ansvarshavende chefredaktør på Altinget.Producer: Emma Klitnæs, podcastassistent.Shownotes:Jakobs anbefaling: 'Lysspil' af Daniel Kehlmann Esbens anbefaling: The Royal United Services Institutes analyse af værnepligt i StorbritannienEsbens analyse af Epinions meningsmåling for april Hosted on Acast. See acast.com/privacy for more information.

Sarah co-founded Nextdoor, the world's largest private social network of neighborhoods used by over 75 million members in over 285,000 neighborhoods across 11 countries (NYSE: KIND). Sarah led product, marketing, growth, and international expansion over 10 years at Nextdoor. Sarah started her career at Microsoft and served as the VP of Product + Marketing at Epinions and Shopping.com before the company was sold to eBay. Sarah received her bachelors degree from Harvard College and her MBA from Harvard Business School. Now, Sarah is a Venture Partner at Unusual Ventures.▶️ Video interview available on Youtube.If you're enjoying the show, please subscribe and leave a review!

Naval Ravikant est un entrepreneur et un investisseur américain très connu. Il est né en Inde en 1974 et a grandi dans le quartier pauvre du Queens, à New York. Malgré des débuts modestes, il a montré un fort intérêt pour la lecture et l'apprentissage dès son plus jeune âge. Il a obtenu une bourse pour le prestigieux lycée Stuyvesant, puis a été accepté à l'Université de Dartmouth, où il a étudié l'économie et l'informatique. Après un stage en cabinet d'avocats qui ne lui a pas plu, il est retourné à l'université et est devenu assistant informatique. En 1996, il a déménagé en Californie pour travailler dans l'industrie technologique. Après quelques emplois ennuyeux, il a quitté son entreprise avec plusieurs millions de dollars pour fonder Epinions.com en 1999, un site d'évaluation de produits par les consommateurs. L'entreprise a connu un succès initial, mais Naval et son associé ont découvert que les investisseurs avaient caché la véritable valeur de l'entreprise. Naval a engagé des poursuites judiciaires contre les investisseurs, ce qui l'a fait surnommer "radioactive mud" dans le milieu. Finalement, l'affaire a été réglée à l'amiable. Après cette expérience, Naval a lancé Venture Hacks, un blog sur le capital-risque, et a commencé à investir dans des start-ups. Il a co-fondé AngelList, une plateforme qui met en relation les start-ups avec des investisseurs. Il a également joué un rôle clé dans le lobbying pour le projet de loi JOBS, qui a facilité les investissements dans les jeunes entreprises. Naval est devenu un investisseur influent et a aidé de nombreuses entreprises à lever des fonds. En plus de ses activités d'investissement, Naval est devenu une figure emblématique de la Silicon Valley. Il partage régulièrement sa philosophie de la richesse et du bonheur, mettant l'accent sur des principes tels que l'honnêteté, la curiosité et l'apprentissage continu. Ses conseils sont très prisés dans le monde des affaires et de la technologie.

Nirav Tolia, Co-Founder; Nextdoor, Epinions & Fanbase joins David Johnson on this episode of CEO Spotlight. 

Eric Jorgenson is a product strategist and writer. His business blog, Evergreen, educates and entertains more than one million readers. He built the entire transcript of “The Almanac of Naval Ravikant” from the Naval's Tweets and conversations Naval had on various platforms. Naval Ravikant is an icon in Silicon Valley and startup culture universally. He founded multiple successful companies and worked as an angel investor. At 25, he became the founder/CEO of Epinions and later founded several companies. In 2018, at 43, he received, the “Angel Investor of the Year” award. Please listen to the podcast, give it a like, subscribe and if you have any feedback for me then please share the same. I will be releasing the Hindi Version of this podcast on 20th July 2022. Please tune in to listen to the same. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Sabrina Parsons is the CEO of Palo Alto Software, the company behind the best-selling business management software, LivePlan. Sabrina's father started it in 1994, and she took over leadership in 2007. Sabrina has overseen the company's transformative transition from a desktop software company to a cloud-based software company. She previously held leadership positions at Commtouch and Epinions and also founded a web consulting company. In this episode… Do you have a strategic business plan for your startup? Do you know its benefits and the risks associated with not having one? A business plan is beneficial for all types of companies, whether small startups, mid-size, or large corporations. Plans help companies visualize future growth, prepare for contingencies, have a clear strategy roadmap, and assist in making critical decisions. This is why Sabrina Parsons made sure that she had a good plan when she changed her company's business model. In this episode of the Skunkworks Podcast, Eric Bourget interviews Sabrina Parsons, the CEO of Palo Alto Software, about her strategies to transition her company from a boxed software model to a SaaS model. They discuss the benefits of having a business plan and the advantages of using training and content marketing to grow a business.

Nací en Comodoro Rivadavia, a los 13 años nos mudamos a Bahía Blanca. De adolescente leí la historia «Hard Drive: Bill Gates and the Making of the Microsoft Empire» y me cambió la cabeza.@amartin Mi viejo era camionero y se puso una empresa de transportes, también tenía campo. De chico lo acompañé mucho al campo, mis vacaciones eran trabajar con él. En esa época conocí a @diemel y empezamos a trabajar juntos en el website de la revista de la universidad.Me vine a Buenos Aires a estudiar Economía en San Andrés. Era todo muy nuevo. En Patagon [empresa de Wences Casares] hicimos varios artículos sobre educación financiera con @CarlosMaslaton Livra lo empezamos con Diego siendo primero un sitio de subastas de electrónicos. En esa época justo arrancaba Mercado Libre con un montón de pibes de Stanford, De Remate con otro montón de pibes de Harvard. Finalmente hicimos algo similar a Epinions. Estuvimos muchas veces por cerrar. Me acuerdo del día y la hora de cada una de esas veces. Con el tiempo nos dimos cuenta de que emprender no es estar todo el tiempo mejorando interfaces o viendo la UX. 2005/6 empezamos a hacer encuestas. Crecimos y llegamos a breakeven. Nos transformamos en la empresa #1 de encuestas. En esos diez años que hicimos Livra pasó de todo, estábamos un poco cansados, hay todo un tema emocional muy fuerte. Terminamos vendiendo en 2008. En el medio después de vender la compañía arrancamos «The Whuffie Bank» con @santisiri,@earlkmany @fz fue una experiencia espectacular, de alguna manera fue un precursor del mundo crypto. En 2011 levantamos una ronda muy chiquitita para hacer @atommica una empresa de desarrollo de videojuegos. Llegamos a ser unas 30~40 personas. Creo que nos equivocamos al no enfocarnos en mobile. La primera campaña que hizo Uber fuera de Estados Unidos fue con Jampp. Hay que ser caradura, probar salir del mercado de Argentina. El cambio más grande que tuvimos fue cuando Diego se fue a Estados Unidos. El esfuerzo de emprender afuera o de forma local es el mismo. A la hora de invertir en una empresa miro mucho al equipo para entender el por qué quieren emprender. @amartin aconsejando al Martín de hace 10 años: "el camino de emprender es muy duro, tenés que hacerlo por los motivos correctos; emprender por emprender no es el camino, sumarse a otros emprendimientos es muy válido; ser estricto y disciplinado a la hora de tomar decisiones. https://twitter.com/patriciomolina/status/1467615981631643655

La filosofía y estrategia que llevó a uno de los mejores inversores de la historia a hacerse rico. Naval Ravikant (@naval) es un emprendedor e inversionista ángel muy famoso de Silicon Valley. Es CEO y co-fundador de AngelList. Antes de esto co-fundó Epinions (que la vendió y se convirtió en Shopping. Ha invertido en compañías como Twitter, Uber, Yammer, Stack Overflow y Wanelo. Se puede destacar que el libro se trata de una recopilación de pensamientos y reflexiones del empresario, inversor y pensador Naval Ravikant. Todo ello a partir de entrevistas, tweets y podcast en los últimos años. Puedes leer todas traducidas de la versión original en https://emotionme.es/podcast/como-hacerse-rico-sin-suerte-el-almanaque-de-naval-ravikant/ Si te ha gustado y quieres un podcast relacionado en profundidad, déjame un mensaje.

Eric Goldman is Associate Dean for Research and Professor of Law at Santa Clara University School of Law. He also co-directs the school's High Tech Law Institute and supervises the school's Privacy Law Certificate. Before joining the SCU faculty in 2006, he was an Assistant Professor at Marquette University Law School, General Counsel of Epinions.com, and an Internet transactional attorney at Cooley Godward LLP. Eric Goldman teaches and publishes in the areas of Internet Law, Intellectual Property and Advertising & Marketing Law. He blogs on these topics at the Technology & Marketing Law Blog, which has been inducted into the ABA Journal's “Blawg Hall of Fame.” The California State Bar's IP Section has named him an “IP Vanguard,” and Managing IP magazine twice named him to a shortlist of “IP Thought Leaders” in North America. He was the 2019 recipient of Santa Clara University's Award for Sustained Excellence in Scholarship (the university's highest award for scholarly achievement). https://blog.ericgoldman.org Eric received his BA, summa cum laude and Phi Beta Kappa, in Economics/Business from UCLA in 1988. He received his JD from UCLA in 1994, where he was a member of the UCLA Law Review, and concurrently received his MBA from the Anderson School at UCLA. The Communications Decency Act of 1996 (CDA) https://en.wikipedia.org/wiki/Communications_Decency_Act Stop Enabling Sex Traffickers Act (SESTA) and Allow States and Victims to Fight Online Sex Trafficking Act (FOSTA) https://en.wikipedia.org/wiki/Stop_Enabling_Sex_Traffickers_Act SHOW CREDITS Host: Keko - http://twitter.com/therealkeko Co Host - Magdalena Guest: Eric Goldman Producer: Mac Redd Music Guest: Kydd Trell - Mizhani Background: Bvtman - bvtmanbeats@gmail.com Donation: https://cash.app/$folksalert Phone: 646-54-FOLKS Email: info@folksalert.com Web site: http://folksalert.com IG: http://instagram.com/whymyface Twitter: http://twitter.com/folksalert

Before the internet, we largely depended on professional reviewers to tell us what movies to see and products to buy. But consumer review sites and social media changed that. Now we seek out the opinions of other customers. It's almost impossible to buy anything today without seeing thousands of ratings and reviews. But fake reviews are muddying the water. How do we know whose opinion to trust? In this episode, we trace the evolution of the modern review. Featuring Kim Kleeman, Liza Featherstone, R.V. Guha, Patrick Lee, Saoud Khalifah and Marques Brownlee, aka MKBHD. For more on the podcast go to delltechnologies.com/trailblazers

Hey, have you subscribed to the bookmark newsletter? A fortnightly email with book reviews and ideas of what you should be reading next. Click here to subscribe. About the book Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? The Almanack of Naval Ravikant is a collection of Naval’s wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn’t a how-to book, or a step-by-step gimmick. Instead, through Naval’s own words, you will learn how to walk your own unique path toward a happier, wealthier life.  Sources, links and more information: https://www.navalmanack.com/ About the Authors Naval Ravikant is an entrepreneur and Investor. He is founder of Angellist, Epinions, and Vast.com He is an Angel investor in Twitter, Uber, Yammer, and 100+ more. Naval has become widely followed for his thoughts on startups, investing, crypto, wealth, and happiness. Eric Jorgenson is the author of the book. He’s a product Strategist at Zaarly and writer. His business blog, Evergreen, has educated and entertained more than one million readers since 2014. He is also on a quest to create—and eat—the perfect sandwich.   Big idea #1 - Develop mental models These are your foundation. And this foundation is critical.  Naval describes mental models as compact ways to recall your own knowledge and having those solid fundamental truths will allow you to think more clearly, make fewer decisions and therefore act faster. These can be in all different domains; it could be wealth and happiness or health or work or time, whatever it happens to be. But you might have some that actually are fundamental across almost any domain. Side note: wealth is very different to being rich. This is defined in the book. The best way to build mental models is to read, especially from some of the baseline ideas such as science, maths, and philosophy. Particularly science and maths, where there’s generally a true or false, or basic fundamentals such as the laws of physics, etc. And yes, of course there's still things we don't know, but findings the underlying mental models means that you're going to have high quality ideas as a starting point and a solid foundation to build on. Naval actually goes as far as to recommend an hour a day of reading on those particular topics, particularly science, maths, and philosophy. But also says that you should read what you love until you love to read, if you don’t already have a reading habit. The book is filled with these mental models and principles that Naval uses. One of them for example, is that if you can't decide, the answer is no. (Note, this reminds me of Derek Sivers’ work of ‘hell yeah or no’). Similarly, he says, if you can't split between two different decisions, you should take one with the most short-term pain on the basis that things with short-term pain are probably going to have greater long-term benefits. Having that mental model of ‘greater short-term pain = greater long-term benefits’ means that it helps him make decisions faster when he's trying to pick between two different things. You can then overlay this with other basic principles such as compound interest or evolution, and you've then got momentum to start making decisions in a much faster, clearer, and more rational way.   PSST. Consider supporting the podcast with your next book purchase. Save the Steph’s Business Bookshelf affiliate stores for Book Depository (Global) or Bookshop.org (US) in your browser.   Big idea #2 - find your leverage This runs across the two main topics in the book of wealth and happiness. One of the key ideas he talks about is time. He talks about time in the sense of wealth, and how you're using time to build wealth, and happiness, by having control of your time. So leveraging your time, your brain power, your effort, and essentially working smarte, is the key to wealth and happiness. He says the year he became the most wealthy, he worked the least. This is because he had got to the point where he could maximise his leverage, and he had learned what he needed to leverage to do so. But, what should you leverage for the greatest gains, and how that has changed from previous generations? For Warren buffet, for example, capital was where you could find maximum leverage. But now it's things like code and media and attention. Naval says that this comes down to ‘learning to sell or learning to build’. You need to be able to do one or the other, and if you can do both, that is amazing. With that in mind, he talks about the idea of ‘earning with your mind, not with your time’. So not just trading hours for time, because that does have a ceiling, but the more you can earn with your mind in and reach multiple different people asynchronously, the better. And yes, unsurprisingly, he believes that 40hour work weeks are a relic of the industrial revolution times and need to be left where they belong. There is an important point that underlines all of this. He says that no one is going to value you more than you value yourself… which is a useful reminder.   Big idea #3 - embrace death There is an overwhelming sense of calm perspective in this book and in Naval’s writing. He comes across like someone who has found what works and is just having fun, living life, learning, reflecting, and repeating. Fittingly, at the end of the book, there is a section on acceptance, especially being able to accept the things you can't change (very relevant and useful right now). And a particular, a piece on embracing death. This is all right before the section of the book about taking responsibility for yourself and your own actions and own happiness, so it’s interesting how accepting death, or accepting things you can’t control, will help you take more responsibility. “You're going to die one day. And none of this is going to matter. So enjoy yourself.” It’s a great way of looking at life more generally, but also particularly at work, because we often do take it a little bit too seriously, don't we? But actually, so little of that is going to matter, and that fact should free us, rather than depress us. Because maybe we can have a bit more fun and maybe there is less risk in failing than we think, because none of it's going to really matter. (I mean, don't do anything really bad, just take things less seriously). Naval is only 47, so it's not like he's coming at this with 90 years or 100 years behind him. I think that is quite inspiring, that you can find that level of acceptance and peace and ability to have fun and enjoy things, without necessarily having lived your whole life to have that perspective.   Let’s connect LinkedIn Instagram See omnystudio.com/listener for privacy information.

On this episode, we're joined by longtime community leader, Sarah Leary, the Co-Founder of NextDoor and investor at Unusual Ventures. Sarah discusses the influence community is having on personal and professional lives, and its key role in building businesses relationships with customers. We discuss Sarah's experience building the NextDoor community, growing it from 1 to 250,000 neighborhoods across the United States. Sarah emphasizes the need to embed community into the product team to create a change in the product and put community insights into action. Dive into the full episode to learn what Sarah looks for when investing in communities and how she measures the business value of community. Who is this episode for?: B2C, Online and In Person, Scaling 3 key takeaways: Embed the community into the product team to enact change into the product itself. Community insights are actually put into action and lead to a better product over time. Invest in building community early on by authentically interacting with your users. Identify the early adopters and develop relationships with them that will lead them to become the voice of the community. Measurable impact of community: Percentage of growth coming from organic sources and referrals Notable Quotes: “Where can you get the resources to put the ideas into practice? So sometimes that means just embedding it in the product team, right. So the simple act of having someone who owns community, who's sitting in the weekly, or potentially even daily product meetings and constantly raising what the issues are and getting that team to be hyper-responsive to the needs of the community, like that can have a huge impact.” “You can plant the seeds, but you've got to nurture it and turn over the soil and water it and cultivate it in the early stages of building any community, and this was true with next door, you've really got to do the hard, heavy lifting of nurturing a community.” Rapid fire question answers: 1. What's your favorite book to recommend to others? Bowling Alone - Robert Putnam 2. What are critical Industries you're looking to invest in? FinTech, Crypto 3. What's your wildest Community story? Epinions blows dogs. Revolt from community. Changed reward system and limited ability to edit reviews. Cannot take away community's ability to change content. 4. Who's an up and coming community builder you think is going to do big things? Evan Hamilton at Reddit, Erica Kuhl formerly at Salesforce and now a consultant 5. What's a community building technology/app all should use? Nextdoor Contra, which is a place to connect with other independent/freelance workers - profile is at the forefront Building robust profiles should be a focus of all communities 6. A community product you'd love to invest in if someone built it today? A platform to help our country unite across political lines 7. What's your go-to community engagement starter? Personal Appeal - tell a story when you have a need. 8. Weirdest community you've been a part of? Son of Sam Horn community, Foodie Community (Food 52) 9. If you're on your death bed and you could only leave one piece of life advice behind for all the future generations, what would that advice be? Most treasured things in life must be earned. There's not shortcut. The harder they are to achieve, the more they will be treasured. True in personal life, business, and community. Work on things that have impact and extend beyond your direct day-to-day involvement. If it feels hard, that's a good sign. Contact Info Twitter: @SarahLeary Unusual.vc

On this episode, we’re joined by longtime community leader, Sarah Leary, the Co-Founder of NextDoor and investor at Unusual Ventures. Sarah discusses the influence community is having on personal and professional lives, and its key role in building businesses relationships with customers. We discuss Sarah’s experience building the NextDoor community, growing it from 1 to 250,000 neighborhoods across the United States. Sarah emphasizes the need to embed community into the product team to create a change in the product and put community insights into action. Dive into the full episode to learn what Sarah looks for when investing in communities and how she measures the business value of community. Who is this episode for?: B2C, Online and In Person, Scaling 3 key takeaways: Embed the community into the product team to enact change into the product itself. Community insights are actually put into action and lead to a better product over time. Invest in building community early on by authentically interacting with your users. Identify the early adopters and develop relationships with them that will lead them to become the voice of the community. Measurable impact of community: Percentage of growth coming from organic sources and referrals Notable Quotes: “Where can you get the resources to put the ideas into practice? So sometimes that means just embedding it in the product team, right. So the simple act of having someone who owns community, who's sitting in the weekly, or potentially even daily product meetings and constantly raising what the issues are and getting that team to be hyper-responsive to the needs of the community, like that can have a huge impact.” “You can plant the seeds, but you've got to nurture it and turn over the soil and water it and cultivate it in the early stages of building any community, and this was true with next door, you've really got to do the hard, heavy lifting of nurturing a community.” Rapid fire question answers: 1. What’s your favorite book to recommend to others? Bowling Alone - Robert Putnam 2. What are critical Industries you’re looking to invest in? FinTech, Crypto 3. What’s your wildest Community story? Epinions blows dogs. Revolt from community. Changed reward system and limited ability to edit reviews. Cannot take away community’s ability to change content. 4. Who’s an up and coming community builder you think is going to do big things? Evan Hamilton at Reddit, Erica Kuhl formerly at Salesforce and now a consultant 5. What’s a community building technology/app all should use? Nextdoor Contra, which is a place to connect with other independent/freelance workers - profile is at the forefront Building robust profiles should be a focus of all communities 6. A community product you’d love to invest in if someone built it today? A platform to help our country unite across political lines 7. What’s your go-to community engagement starter? Personal Appeal - tell a story when you have a need. 8. Weirdest community you’ve been a part of? Son of Sam Horn community, Foodie Community (Food 52) 9. If you’re on your death bed and you could only leave one piece of life advice behind for all the future generations, what would that advice be? Most treasured things in life must be earned. There’s not shortcut. The harder they are to achieve, the more they will be treasured. True in personal life, business, and community. Work on things that have impact and extend beyond your direct day-to-day involvement. If it feels hard, that’s a good sign. Contact Info Twitter: @SarahLeary Unusual.vc

Baby monitors are a necessity for new parents – but should they be? Their popularity has grown without a lot of research behind the risks and benefits of having a camera on your baby. The Baby Doctor Mamas discuss what literature they can find on the topic and their own experiences looking in on their baby’s from afar. As always – these stories aren’t medical advice, but a chance for the Baby Doctor Mamas to share their experience, knowledge and views. “Watching Children: Describing the Use of Baby Monitors on Epinions.com” – Journal of Family Issues, 2008 Monitoring the Situation […]

Online Reviews and the end of personal thought/opinion   History:   in 1999, three websites appeared on the internet and set in motion the new “social trend” of online reviews. RateItAll.com, Deja.com, and Epinions.com.   Dan, have you ever bought, played, or gone anywhere without consulting a review?   -According to Shopify.com 90% of customers' buying decisions are influenced by online reviews. -Anyone have examples of using online reviews? -Do you usually go with those reviews or not?   How consumers use online reviews: The most important thing to know, and businesses know this, is that the mental gab between reading a review and making a decision to purchase from a business is super small, and usually results in an immediate yes/no decision. (shopify) People will typically read 6 or less reviews before forming an opinion. So at least people will read some things, hopefully opposing reviews, before making a decision. Of course, there are people out there that only read positive reviews and make a decision, or only read the negative to make their decision. Which seems a bit counterproductive to me.   Google/Search engines decide how to rank your business in their results based 10% on online reviews.   More so recently, Youtube reviews have become crazy popular, be it gaming reviews (and even game review channels such as ____ and ____) all the way to the ever so swamped beauty guru reviews. The Millennial generation, sorry to say, think that they are going against companies and big business by listening to these online “real” people talking about games or whatnot they are currently using, loving, liking etc. Flavor of the month, since there are even “this month's favorites!” as if we need to change our fav things every month to keep up with the Jones'.   The Jones'! Another problem with social media, but we will talk about that some other time.   Now, as with all “good and original” things, there has been a backlash to all of this supposed genuine investigating of products. A scandal, shall we say.   Not too long ago, Gamergate happened. And this was big. -It started in 2014 when an independent game developer's ex-bf wrote an insanely long and detailed blog post about their relationship up to their breakup. He believed she was cheating on him with people in the gaming industry, including a game journalist at Kotaku. This specific detail made people wonder why her free game, Depression Quest had gotten so much attention over more popular video games and titles at the time. -Now, the internet is a cruel and horrible Wild West. And it did what the internet likes to do. It went ahead and decided to severely harass Quinn and other female developers, as well as Anita Sarkeesian, who had a youtube series about how the gaming industry hates women. That harassment went way too far in my opinion, and I know gamers hate thta the whole social justice crap got dragged into it, but it did. What did this bring to light? That there definitely are journalists/reviewers that are paid, and are in cahoots with developers to give good reviews. This is not anything new. Just like commercials on tv. Actors are paid to stand there, look pretty, and claim that this shampoo is the best you will ever find.   Thoughts on this? Why are people so frustrated about honest reviews? A good video about gaming reviews by Dunkey. Why are game reviews, or online reviews so hard to understand?   Just like with any sort of media, people have to assume that they are being targeted to buy, think, repeat whatever their are being sold. You have to be convinced to buy a game. You have to be convinced to buy shampoo. https://heatst.com/culture-wars/what-is-gamergate-no-its-not-about-harassing-women/ https://en.wikipedia.org/wiki/Gamergate_controversy http://www.xojane.com/beauty/advertising-youtube-beauty-girls-zoella-bethany-mota https://www.shopify.com/retail/119916611-how-online-reviews-impact-local-seo-and-why-they-matter-to-your-bottom-line https://reviewconcierge.com/lessons/online_review_survival_course/5/understanding-the-history-of-online-reviews

For detailed show notes and links go to MarkWKing.com/6 In this episode, I distill some positive and negative lessons about why a startup might need multiple attorneys. The short answer…lawyers are like doctors, they specialize. One size does not fit all situations. Equally important, entrepreneurs need to be careful about who an attorney has a duty of loyalty to. A lawyer that represents a company's best interest does not by default represent the founder. Also in this episode, I reintroduce the Venture Capital Coroner's Report. Previously, I did an entire podcast focused on lessons from failed, VC backed companies. The show failed (I know, ironic, right?). I just couldn't get enough interviews. However, there's more than enough material for an occasional segment of this show. The autopsy of VATLER provides an important lesson about disrupting entrenched players (and a resurrection story in the founding of SpotAngels). Lawyers or Insurance Salesmen? Naval Ravikant - Angel List In a very short post Naval lays out six important lessons he learned about hiring lawyers. He learned these the hard, expensive way. A Startup Lawyer is Not a Founder's Lawyer Jose Ancer -  Miller, Egan, Molter & Nelson Often lawyers are like that coach in the corner of a boxing ring. They're an experienced, voice of reason in a life or death struggle. Jose Ancer points out, however, that you need to be sure the lawyer in your corner owes his highest allegiance to you. It's not always obvious. Jose does a great job explaining how attorney loyalty works. Inside Story of VATLER's Shut Down Hamza Ouazzani Chahdi - Now at SpotAngels.com Founders ran head first into a wall called entrenched city government. Follow @HamzaOuazzaniC to track the story of SpotAngels, Hamza's new attempt to disrupt urban parking by helping you avoid parking tickets. Bonus Material – More About Naval Ravikant Naval says this about himself: "I am the CEO and co-founder of AngelList. I previously co-founded Epinions (which went public as part of Shopping.com) and Vast.com. I'm an active Angel investor, and have invested in dozens of companies, including Twitter, Uber, Docverse and Jambool (both sold to Google), and Mixer Labs and Fluther (both sold to Twitter)." Background article from PE Hub on why Naval feels so strongly about lawyers: His Brand Burnished, Naval Ravikant Plans New Fund with Babak Nivi Blog StartUp Boy Web Site Angel.co Twitter @Naval LinkedIn Naval Ravikant (little dated)  I'd love to connect at any of the following: Twitter: @TheMarkWKing LinkedIn: Mark W King Facebook: The Mark W King Old School Email: MarkWKing.com/social

Naval Ravikant is the CEO and a co-founder of AngelList, where the world meets startups either to find great jobs, invest in startups or raise funding. Before AngelList, he co-founded Epinions, which went public as part of Shopping.com, and Vast.com. He is an active angel investor and has invested in more than 100 companies, including more than a few “unicorn” mega-successes. His deals include Twitter, Uber, Yammer, Postmates, Wish, Thumbtack, and OpenDNS, which Cisco just bought for $635 million in cash.   In Today’s Episode You Will Learn: 1.) How Naval made his way into angel investing and came to found AngelList? 2.) Question from Parker Thompson: How does Naval internalize the power law math and how does that affect his ability to pick the best companies? 3.) Why does Naval believe venture to be a bundle of advice, control and money? How does that affect his thought process surrounding what makes a good investor? 4.) Why does Naval believe we will see the unbundling of VC firm brands and the rise of personal partner brands? How will this affect access to proprietory deal flow? 5.) Question from Jonathan Abrams @ Nuzzel: What is the vision for AngelList? How much further up the funding stack can AngelList go? Items Mentioned In Today’s Show: Naval’s Fave Book: Sapiens: A Brief History of Humankind Naval’s Fave Blog: Farnham Street As always you can follow Harry, The Twenty Minute VC and Naval on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Foundersuite makes the leading CRM for raising startup capital. Since March of 2016, Foundersuite customers have raised over $130M in seed and venture capital. Foundersuite’s CRM sits on a database of over 50,000 investors, which will help you quickly populate your fundraising funnel including a beautiful and easy-to-use investor update tool, and the recently launched a new portal that helps investors and accelerators track their portfolio companies on a single dashboard. For a whopping 40% off a Monthly or Annual subscription use the code “20MinuteVC” at checkout. Greenhouse Software designs tools that help companies hire great people and ultimately build better businesses. Greenhouse works with over 1,500 of the world’s most innovative companies such as Airbnb, Slack, Snap Inc. and Lyft. A wrong hire is not only costly for a company but can also turn an employee into an unhappy one. With Greenhouse’s Applicant Tracking System, companies can make well-informed decisions and hire qualified candidates who are empowered to do the best work of their careers. Anybody who has a company that’s scaling quickly but has trouble hiring and retaining the right people. Visit www.greenhouse.io today to discover how your company can grow.

Nextdoor CEO Nirav Tolia talks with Recode's Kurt Wagner about how he and his team built a social network for neighborhoods, with a focus on trust and privacy that forced the company to grow slower than most tech startups. Tolia was previously the CEO of Epinions, which after a merger became Shopping.com and sold to eBay. After a sports startup called Fanbase fizzled, Tolia was challenged by Benchmark's Bill Gurley to try again, and today Nextdoor is worth more than $1 billion. Having faced adversity and a public image problem of his own, he also shares some leadership advice for Uber CEO Travis Kalanick: Deal with your issues quickly. Learn more about your ad choices. Visit megaphone.fm/adchoices

This is session 12 of Technology-enabled Blitzscaling, a Stanford University class taught by Reid Hoffman, John Lilly, Allen Blue, and Chris Yeh. This class features a guest lecture by Nirav Tolia, the Co-Founder and CEO of Nextdoor, and the Co-Founder and CEO of Epinions, who is then interviewed by John Lilly.

Naval Ravikant (@naval) is the CEO and a co-founder of AngelList. He previously co-founded Epinions, which went public as part of Shopping.com, and Vast.com. He is an active angel investor and has invested in more than 100 companies, including more than a few “unicorn” mega-successes. His deals include Twitter, Uber, Yammer, Postmates, Wish, Thumbtack, and OpenDNS, which Cisco just bought for $635 million in cash. You can find many more examples here, but suffice to say — he’s really, REALLY good at start-up investing. In this episodes you'll discover: How AngelList and Venture Hacks came to be What Naval looks for when deciding to invest in a founder Common "wives tales" in venture capital How to replace bad habits with good habits How to set stakes and awards And much, much more... Links, resources, and show notes from this episode can be found at http://fourhourworkweek.com/podcast This episode is sponsored by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results. Click this link and get a free $99 upgrade. Give it a test run... This podcast is also brought to you by Athletic Greens. I get asked all the time, “If you could only use one supplement, what would it be?” My answer is, inevitably, Athletic Greens. It is my all-in-one nutritional insurance. I recommended it in The 4-Hour Body and did not get paid to do so. Get 50% off your order at Athletic Greens.com/Tim Enjoy!***For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferriss

Naval needs little introduction as the founder at Epinions, Vast, Venturehacks and the red hot AngelList. Feeling inadequate yet? Hes also an investor in FourSquare, Twitter, Jambool (Google), Plancast, Uber, DISQUS, and more. Source: http://podfm.ru/goto/da5dd94

"Caveat Emptor" the old adage says, but that adage is in Latin and doesn't mention the drive-thru window, so it might as well not even exist. We're looking at two different sites: ePinions and MeasuredUp, two different places on the internet where consumers can demand their voice be heard. Of course, nobody's actually going to pay any attention, but they can certainly demand it nonetheless. This week, we're all worried about Dimmy.

Summary:Lou Montulli is a web pioneer. In 1991 and 1992 he co-authored a text web browser called Lynx with Michael Grobe and Charles Rezac while he was at the University of Kansas. This web browser was one of the first available and is still in use today.In 1994 he became a founding engineer of Netscape Communications (employee number 9) and programmed the networking code for the first versions of the Netscape web browser.He is also responsible for several browser innovations, such as HTTP cookies, the blink tag, server push and client pull, HTTP proxying, and the implementation of animated GIFs into the browser. While at Netscape, he also was a founding member of the HTML working group at the W3C and was a contributing author of the HTML 3.2 specification. He is a member of the World Wide Web Hall of Fame.Lou was also a co-founder of Epinions.com. He was the CEO of Memory Matrix, and when that company was purchased by Shutterfly, he served as Shutterfly’s Vice President of Engineering. He is currently the co-founder and Chief Scientist at Zetta.net.More about Lynx here.Here is the famous fishcam!Here is the post we discuss where Lou lays out the reasoning behind the birth of the browser cookie.The birth of the tag. See acast.com/privacy for privacy and opt-out information.

Okay, here it is, the information you've waited years for:- How bank fees got so prevalent, what they are- How to avoid them- How to complain about them, escalating to top management (contact info)- How to report banks to regulators over fees- How to file lawsuits against them. Show Audio Here.Here are all the links / sources used in the podcast by timestamp when they are heard in the show and some useful information in between:We start our aftercast with some outraged people who tell of their experiences with Bank of America, Wells Fargo (chanting from the protest on Wall Street - Wells Fargo this sucks! Where's our $25 million bucks!), Citibank, and Chase bank.  Can you relate to these people?  Are you mad as heck and don't want to take it anymore?  Protesters walk Broadway in Manhattan, NY, they walked in Chicago, and other cities!  Are you mad enough to want to join them if and when there is another protest?Scott's pet peeve is FEES and specifically, in this aftercast, he takes on bank fees (credit card fees will be featured in another podcast).  In this discussion, free checking (is there such a thing?), small print on bank notices, and other bank fees.  Scott will take us through the fees and how to report these outrageous fees to many different agencies.7:45: Depository Institutions Deregulation and Monetary Control Act of 1980:http://en.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Monetary_Control_Act8:45: First National Bank of Chicago Teller Fee in 1995http://redtape.msnbc.com/2008/04/paying-cash-at.html In 1995, First National Bank of Chicago started charging a $3 teller fee which forced people to use the ATM and profits doubled for 28%.  Banking customers have become nickeled and dimed ever since.10:15: Financial Times August 2009 on Bank Fees:http://www.ft.com/cms/s/0/43d18c68-851d-11de-9a64-00144feabdc0.htmlBanks make $38 billion from fees yearly.  Fees have nearly doubled since 2000 - Financial Times, August 2009. Banks made 75% of their money from fees, not interest. 13:20: PocketMoney checking account register software for Iphone:http://www.catamount.com/iPhoneApps/PocketMoney.html17:37: Coverage on the courtesy overdraft scam where fees and interest are charged to move funds to cover itemshttp://www.billshrink.com/blog/7898/bank-of-america-overdraft/19:15: Usury references in the Bible:http://www.tentmaker.org/lists/UsuryScriptureList.html20:00: Usury defined:http://en.wikipedia.org/wiki/Usury20:15: Fed Moves to Limit Overdraft Fees:http://www.dailyfinance.com/story/federal-reserve-issues-new-rules-restricting-overdraft-fees-on-d/19235338/22:00: Banks move to limit Overdraft Fees:http://newsroom.bankofamerica.com/index.php?s=43&item=8538http://www.bloggingstocks.com/2009/09/24/wells-fargo-to-eliminate-overdraft-charges/24:15: Red Tape Chronicles MSNBC Reporter Bob Sullivan Reveals BOA's ATM Denial Fee:http://redtape.msnbc.com/2005/10/now_even_atm_de.htmlThank you to Bob Sullivan, Red Tape Cronicles, for revealing an ATM denial fee of $1.50 from Bank of America when he was over his DAILY withdrawl limit. 24:50: One Consumer (of millions) gets stung with the daily spending limit when shopping:http://consumerist.com/2008/02/bank-of-america-wont-let-you-access-your-money.htmlEven worse: Stranded when they cut you off when you are abroad:http://consumerist.com/2008/06/bank-of-america-tries-to-ruin-your-vacation-for-your-own-protection.html25:30: History of ATM's - They started out Free (Thanks to K.D. Weinert) http://www.stopatmfees.com/newpage3.htm  29:45: The Wells Fargo Rewards Debit Card program Elaine describes:https://www.wellsfargo.com/checkcard/rewardsThe Wells Fargo Rewards Program is free if you ONLY register your credit card, but of course, when you try to register your Debit/Visa Logo card to that, there is a yearly fee of $12.  This information comes directly from a customer service representative who I spoke with in the Rewards Dept.  Even though you will get $1 reward for each $1 you put on your credit card, the debit card with visa logo is less than that. 30:15: Chase Leisure Rewards Program referred to in Short Show:https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/assets/page/leisure_rewards_faq30:30: How Points and Loyalty programs work:http://en.wikipedia.org/wiki/Loyalty_program31:15: TCF Bank $50 bonus promotion:http://www.tcfbank.com/PersonalBanking/pb_checking_free_cash_50.jsp33:52: Wells Fargo Coin Counting Program:  CORRECTION: Elaine stated there is a program to only count coins on certain days and only for WF members. It was information given to her by her local branch of Wells Fargo. Although, when calling to check on this I was advised WF will count coins for no fee for either customers or non-customers IF they have a coin counting machine in the branch, but if they do not, then the tellers will not take the coins (they should) and will refer the customers to another branch.  WF was unable to tell me if they have a policy spelled out on their website, and I could not find one. 34:15:  WF and others charing non account holders $5 fee to cash checks drawn on their bank:http://www.bizjournals.com/sanfrancisco/stories/2005/09/05/daily12.html35:20: Regulations D Savings Fee Info:http://en.wikipedia.org/wiki/Regulation_D39:00: Bob Sullivan's book "Gotcha Capitalism"http://www.gotchacapitalism.com/44:22: http://www.moveyourmoney.info  is the site helping you find other smaller more local banks to bank with instead of these big 4 banks the fee you to death and took your tax bailout money, yet won't pay you decent interest or loan you money. Huffington Post coverage: http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html45:45: How banks play games with waiting to credit your deposit to your account:http://www.bankrate.com/brm/news/chk/19991102.aspThis article also has 6 great tips to avoid this affecting you or making your account go negative. 46:09: Check 21: http://en.wikipedia.org/wiki/Check_2146:25: The Expedited Funds Availability Act: http://en.wikipedia.org/wiki/Expedited_Funds_Availability_Act46:45: Here is some good strategy for getting the fees waived:http://money.blogs.time.com/2010/02/23/the-customer-service-confrontation-what-to-say-to-get-fees-waived/Escalation Resources:47:41: Federal Reserve Bank: Consumer Complaint Form: http://www.federalreserveconsumerhelp.gov/consumercomplaint.cfmContact Info listed on that same page as well. 49:00: Office of Comptroller of the Currency:Complaint Form: https://appsec.helpwithmybank.gov/olcc_form/Contact Info Here:http://www.helpwithmybank.gov/contactus/index.html50:00: Complain about a Credit Union:http://www.ncua.gov/Resources/ConsumerInformation/Complaints/index.aspxPick the right category of Credit Union, then pick your state, and the contact info for the correct regulator will be revealed.50:47: Karney Hatch's Video "Overdrawn" featured his successful suit against Wells Fargo fighting outrageous overdraft fees. http://www.youtube.com/watch?v=PUXRBehEuH0Overdrawn homepage: http://www.overdrawnmovie.net51:45: Consumerist.com article link to web page for small claims court process in all 50 states:http://consumerist.com/2008/01/suing-big-companies-in-small-claims-court-is-fun-and-easy.htmlDirect link to the resource: http://law.freeadvice.com/resources/smallclaimscourts.htm52:30 Kopelowitz & Ostrow law firm is another possible legal option:  See if there is a class action suit and join it, or start a new one: http://www.bankoverdraftlawyers.com/how-to-avoid-bank-overdraft-fees.phpSocial Media Sites to Publicize your story and complain at:53:15:  Consumerist.com:  http://www.consumerist.com (Email your story to them, if they cover it, seen by thousands of people, but note, they redact the story so the actual location of the business isn't revealed.)The rest of these sites do NOT redact stuff, which I feel is better.Rip Off Report: http://www.ripoffreport.com My3Cents.com: http://www.my3cents.comPlanetFeedback: http://www.planetfeedback.comComplaints.com: http://www.complaints.comEpinions.com: http://www.epinions.comThese sites are geographically oriented.  When other consumers search for that business, they just might see your review and not shop there! :)Yelp.com: http://www.yelp.comGoogle.com: http://www.google.com.  (Look up the business and then you should see link for reviews, write a review, many others will see it.)CitySearch.com: http://www.citysearch.comYahoo Local: http://local.yahoo.com/Insider Pages: http://www.insiderpages.comThink Local: http://www.thinklocal.comMetromix: http://www.metromix.comZiphip: http://www.ziphip.comKudzu: http://www.kudzu.comBank Executive Contact and Salary Info:55:00:  John Stumpf, CEO of Wells Fargo:Contact Info: http://consumerist.com/2008/09/contact-info-for-wells-fargo-ceo-john-stumpf-and-friends.htmlSalary Info: http://people.forbes.com/profile/john-g-stumpf/85891(Sarah is his personal assistant as per Elaine.)57:00: Jamie Dimon, CEO of Chase Bank:Heather Joyner, Resolution Specialist: http://consumerist.com/2010/03/having-a-problem-with-chase-bank-heres-where-to-turn.htmlCEO Contact Info: http://consumerist.com/2008/05/contact-information-for-chase-ceos.htmlSalary Info: http://people.forbes.com/profile/james-s-dimon/4663059:50: Brian Moynihan, CEO of Bank of America:BofA is a finalist in Consumerist.com's Worst Company in America Contest:http://consumerist.com/2010/04/worst-company-in-america-overtime-rules.htmlCEO Contact Info: http://consumerist.com/2010/04/reach-bank-of-americas-ceo.htmlSalary Info: http://people.forbes.com/profile/brian-t-moynihan/1005960:48: Vikram Pandit, CEO of Citibank:CEO Contact Info:: http://consumerist.com/2008/10/reach-citibank-executive-customer-service.htmlSalary Info: http://people.forbes.com/profile/vikram-s-pandit/19716Also: 27 Citibank executive emails! :)  http://consumerist.com/2009/03/27-citibank-executive-emails.html62:07: Correction: I had stated that Vikram's share of Old Lane netted him $79 million, but two articles say he actually made around $162.5 million on it:http://en.wikipedia.org/wiki/Vikram_Pandithttp://www.bloomberg.com/apps/news?pid=20601087&sid=ausa1oLaMjBs&refer=home67:05: Chase Bank Unemployment Card Fee Scandal:http://cbs4denver.com/investigates/unemployement.debit.cards.2.1531314.htmlExtra Resource Not Mentioned in the Episode:Big 4 banks fee disclosures:Chase: https://apply.chase.com/oao/DisclosureRetriever.aspx?DI=aHR0cDovL2FwcGNvbnRlbnQuYmFua29uZS5uZXQvUlNJL0RlcG9zaXQvUEVSU19DT19BQlNGX0VOR19WMzEuZmRmWells Fargo:https://www.wellsfargo.com/wfonline/deposit_acct_feesBank of America:http://factsaboutfees.bankofamerica.com/manage-banking-fees/Citibank:http://www.citigroup.com/uae/gcb/info/docs/fin_charges.pdf

The TalkThe Stuff:Jackson Heights, Queens, Wikipedia pageA Neighborhood Traveled in Dozens of Languages article in The New York TimesEpinions.com article on Jackson HeightsJackson DinerDelhi HeightsNanking ExpressSpicy MinaSripraphaiSeth GodinSeth Godin's "The Dip" re: SripraphaiItalian FarmsDe MoleLa Fusta

Listen now or subscribe to the podcast feed! This week, we get just a little bit of snow, Dory from Finding Nemo at McDonald's, the road with many names, an ESRB nightmare, Maureen's twin obsessions with Gymboree and Epinions, we rock out with Rock Band, and get temporarily freaked out by a Disney movie. Music: "Another Day" by Chiki Intro Music: "Pocketbook" by Derek K Miller Outro Music: "Remember Hope" by Farewell Redemption Podcasts Mentioned: Looking Out The Window Shelly's Podcast Life of Spaguy's Wife Geek Acres Love Long and Prosper Technorati Tags: Podcasts Boston Massachusetts New England Feedback: Feel free to e-mail us at WickedGoodPodcast|at|gmail.com or call us at 206-600-MASS(6277)!