Dan Martell - Why most businesses start in a down economy

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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

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.

Dan Martell - October 31, 2023