Dan Martell - August 12, 2024


Here's why some of the best tech companies were started in a downwards economy


Episode Stats

Length

31 seconds

Words per Minute

219.32613

Word Count

115

Sentence Count

6


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 If you look at all the top tech companies from Google to Amazon, et cetera, they were all started in a down economy.
00:00:04.360 The reason why the best companies are started in a down economy is because they're high IQ per square foot.
00:00:10.260 When the economy is going and the money is flowing, then all the talent gets dispersed amongst a bunch of ideas.
00:00:16.580 Y Combinator saying, hey, we'll give you 500K and there's all these accelerators, there's all this drunk excitement.
00:00:22.640 When everything's compressed and people are trying to recruit talent and those people that are crazy enough to go do a startup,
00:00:28.660 They get together.
00:00:29.960 That's how you create a PayPal mafia.