Dan Martell - March 21, 2023


The Advantage of Recessions


Episode Stats


Length

39 seconds

Words per minute

228.41083

Word count

149

Sentence count

9

Harmful content

Hate speech

1

sentences flagged


Summary

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

The best companies are started in a downward economy. During downturns, you have an increase in IQ per square foot. That s why you see stats like this: during downturns we have a higher IQ per sq ft.

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
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, 1.00
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