Dan Martell - July 04, 2024


Here's why some of the biggest companies are started in a down market


Episode Stats


Length

32 seconds

Words per minute

229.90654

Word count

123

Sentence count

4


Summary

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

The best time to start a business is when there is a down market because then there s a high concentration of just talent. When the market is hot and people have opportunities to go an accelerator or to do their own thing because there s capital flowing, then there is no high concentration.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 best time to start a business when there's a down market because then there's a high concentration
00:00:03.780 of just talent. Over the years, you come across these groups of people, they're disproportionate
00:00:08.720 because they all came together and they learned a lot of things fast. Why did they come together
00:00:13.520 in the first place? They had a high concentration of IQ per square foot and the reason they could
00:00:17.720 do that is because it was started in a down market when people weren't pulled away to do
00:00:22.080 other things because the market was hot. When the market is hot and people have opportunities to go
00:00:26.380 an accelerator or to do their own thing because there's capital flowing, then there's no high
00:00:31.340 concentration.