Dan Martell - October 31, 2023


Why most businesses start in a down economy


Episode Stats


Length

48 seconds

Words per minute

185.0329

Word count

150

Sentence count

6

Harmful content

Hate speech

1

sentences flagged


Summary

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

Why do you think some of the best companies in Silicon Valley were created in a down economy? And why did they do so in the early days of the dot-com bubble? And what was in the water at that office?

Transcript

Transcript generated with Whisper (turbo).
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 There's no amount of Steve Jobs' hero complex genius
00:00:04.340 that's gonna overcome the ability for talented folks
00:00:07.880 to own different areas of a business.
00:00:10.400 When I first moved to San Francisco,
00:00:11.820 I met this guy named Keith Raboy,
00:00:13.560 and he's arguably one of the top operators in Silicon Valley.
00:00:16.860 I remember asking this question at a party.
00:00:18.760 I said, Keith, why do you think
00:00:20.040 that some of the best companies
00:00:21.420 were created in a down economy?
00:00:23.960 2002, 2009, there's these cohorts
00:00:26.900 of massive economic downsides
00:00:29.660 to birthing the Googles, the PayPals of the world 1.00
00:00:33.300 that we all know about.
00:00:34.200 When you look at the PayPal mafia,
00:00:35.900 you got Reed Hastings and Elon Musk and Peter Thiel
00:00:38.740 and literally all these multi-billionaires
00:00:41.120 that came from the beginning of a team at one company.
00:00:44.780 You gotta ask yourself,
00:00:45.740 what was in the water at that office?
00:00:47.640 And he says it's because.