Dan Martell - Why the Best Companies are Started in a Down Market.

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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.

Dan Martell - February 23, 2024