All the crap you never needed

  May 16 2022 Besties QnA E69 is missing Good opportunity to buy good businesses on the cheap Build things that the world needs so you have a disproportionately high say

May 16 2022 Mar Hershenson - Founder, Pear VC Advised 100+ startups, $100B+ Works with just founders - Palmer Luckey, Melanie Perkins, Elon Musk Founders are: Risk takers Resilient Ambitious Self motivated Creative 42% started a business in their childhood Can be made 37% are repeat founders 59% of top unicorns are by repeat founders Of every 10 companies they back: 2 fail 2 succeed 6 can be influenced Creating more successful entrepreneurs is about: Attending Stanford - 10% of unicorn founders, 40% of AllIn speakers 🙂 Intrinsic - peers Network - capital and opportunities Paypal Mafia Rappie mafia - 100+ companies by their alumni (based in Colombia) Lean Launchpad - a class she teaches 8 teams/year 10 weeks Should have no previous experience Female founders Lessons Surround yourself by the best people and play up in life Read a lot Get a coach | peer group Its about character building Early founder intervention program Q and A Great mo

May 16 2022 Nate Silver - What makes gamblers tick? He is working on a book with this theme The best gamblers: Need to understand probability Complex mathematics combined with intuition Are highly competitive, not average Care about small edges, win 54-57% of sports bets Are contrarians - there’s a fine line between being ahead of the curve and being permanently contrarian Take shots Work well with incomplete information Focus on the process, not results Are opportunistic Good players fold 70% of the time Thinking, focusing and concentrating hard on taxing on the brain and body - Magnus Carlsen loses 5 lbs in a chess game Apply Practiced Intuition - read “Thinking Fast and Slow” by Daniel Kahneman Are structured thinkers Don’t care that much about money - move between states: {super rich, rich, broke} Q and A In politics, people just look for their priors Need good BS detectors Get boundary policed a lot Challenger party is more motivated to turn out You always

Elon on Zoom, Besties at the summit in Miami I WAS THERE!!!!!! woohoo 🙂 Twitter Debating number of bots on twitter with Parag care about number of unique people twitter claim is that number of unique humans on their service is > 95% He thinks its much higher than 5% (fake accounts) - ≥ 20% Has most liked tweet of any living human < 5M likes (~4.7M) - “next buying coca cola to put cocaine back in” They claim monetizable users is 217M so most popular tweet is ~2% of total daily active users? Shouldn’t it be more than 10%? Analogue with YouTube - most popular videos have 10B views where the service has 1B users Speculating that its 80-90% bots!! This number is important because its about brand advertising (not just click through purchase) Why important to him? Important to have a public town square that is broadly inclusive and has max possible people - balance politically, unbiased, transparent system, put algorithm on github and allow people to critique it T

May 16 2022 Mayor Francis Suarez and Keynote Taxes are at 1960s lows Lowest homelessness rate since 2013 - aiming for 0 Have hired more police officers - guess what, crime went down 🙂 Homicide rate down 23% and then 40% 1.4% unemployment $2T in AUM in the last 12 months VC pipeline is robust 2 years they will overtake SF in VC Sort of libertarian - let people do what they want with Minimally-Viable-Governance Blockchain Foundation BTC Conference - $10M investment FTX Arena - $200M investment Crypto is an economic development tool no matter what you think of it Sacks’ Mayor Suarez fundraiser event was the best attended SF Board of Supervisors have driven tech industry out Spending is 4X Budget/capita 95% of Silicon Valley people nor born there 70% of Miami folks not born there Francis Suarez first mayor of Miami born there President of Mayors’ association Cracking down on fentanyl 10-15 years ago they started a homeless trust Reduced homelessness by 90% Do