Dan Martell - The Advantage of Recessions

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00:00:00.000 the best companies are started in a downward economy.

00:00:02.240 Over the next two years, giddy up.

00:00:04.240 If you're looking to start, I would start right now.

00:00:06.540 This guy, Keith Raboy, very well-known in Silicon Valley,

00:00:09.200 was early at PayPal and Square.

00:00:11.120 He's one of the top investors.

00:00:12.580 I said, you know, Keith, when I look at like the Googles,

00:00:15.060 the PayPals and all these other companies, Facebook,

00:00:17.040 they were all started in a downward economy.

00:00:19.100 Why do you think that is?

00:00:20.240 And he said, it's very simple.

00:00:21.600 During those downturns,

00:00:23.060 you have an increase in IQ per square foot.

00:00:25.320 If we would have started PayPal today,

00:00:27.040 all the smartest people,

00:00:28.540 they would have been doing their own thing because the economy was compressed we had the

00:00:33.100 ability to attract world-class talent so the iq per square foot went up and that's why you see

00:00:37.980 literally there's stats around

Dan Martell - March 21, 2023