Dan Martell - February 23, 2024


Why the Best Companies are Started in a Down Market.


Episode Stats


Length

50 seconds

Words per minute

219.74522

Word count

184

Sentence count

13


Summary

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

The best companies are started in a down economy is because they have a high IQ per square foot. When the economy is going, and the money is flowing, then all the talent gets dispersed amongst a bunch of ideas. There are all these accelerators. There s all this like drunk excitement. Keith Raboy, who is one of the best operators, was at PayPal, Square, Square. He said it to me this way. When everything is compressed, and people are trying to recruit talent, and those people that are crazy enough to go do a startup, they get together. That s how you create a PayPal mafia. If you're willing to go into the bunker, into build mode right now for two years, and you get ready and you build your AI thing or e-commerce thing or whatever it is, 24 months from now, life is getting breathed back into the market. You are going to be ready to go with it. And that is where people think, well, things aren t good now, I m not going to start now. No, start now

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 the reason why the best companies are started in a down economy is because they're high IQ per
00:00:05.380 square foot. When the economy is going and the money is flowing, then all the talent gets dispersed
00:00:10.800 amongst a bunch of ideas. There's all these accelerators. There's all this like drunk
00:00:14.300 excitement. Keith Raboy, who's one of the best operators, he was at PayPal, Square. He said it
00:00:20.060 to me this way. He goes, when everything's compressed and people are trying to recruit
00:00:24.000 talent and those people that are crazy enough to go do a startup, they get together. That's how you
00:00:28.400 create a PayPal mafia. If you're willing to go into the bunker, into build mode right now for
00:00:33.700 two years and you get ready and you build your AI thing or e-commerce thing or whatever it is,
00:00:38.860 24 months from now, life is getting breathed back into the market. You are going to be ready to go
00:00:43.740 with it. And that is where people think, well, things aren't good now. I'm not going to start.
00:00:47.560 No, start now and ride that wave.