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Smart Friends
Eric Jorgenson
96 episodes
2 months ago
Casual conversations with founders, technologists, investors, and artists about building a brighter future, together. Welcome to our digital living room.  With science, technology and entrepreneurship we can *continue* to create unfathomable leaps in quality of life. We show you how to find, apply, build, and invest in technologies to change your life and the world.  When we have smart friends, we do smart things. When we do smart things, we save the world.  No matter who, where, or when you are – now you have smart friends, too.  Outside this podcast, I’m the author of The Almanack of Naval Ravikant and The Anthology of Balaji. Connect at ejorgenson.com  Laugh and learn with people like Balaji Srinivasan, Naval Ravikant, Andrew Wilkinson, Austen Allred, David Senra, Josh Storrs Hall, Ashley Rindsberg, Zach Pettet, Bret Kugelmass, Omar ElNaggar, Grace Guo, Brett Kopf, Max Olson, Chris Williamson, Shane Mac, Tim Hwang, David Perell, Jason Hitchcock, Natalia Karayaneva, Sebastian Marshall, Taylor Pearson, Mitchell Baldridge and more. Join conversations with my partners in early-stage tech investing, Bo Fishback and Al Doan. Our Rolling Fun Episodes cover our investments and escapades as angel investors and startup helpers. We invest in startups creating the *next* industrial revolution. Learn more at rolling.fun “Surround yourself with people who remind you more of your future than of your past.”
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Entrepreneurship
Business
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All content for Smart Friends is the property of Eric Jorgenson and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Casual conversations with founders, technologists, investors, and artists about building a brighter future, together. Welcome to our digital living room.  With science, technology and entrepreneurship we can *continue* to create unfathomable leaps in quality of life. We show you how to find, apply, build, and invest in technologies to change your life and the world.  When we have smart friends, we do smart things. When we do smart things, we save the world.  No matter who, where, or when you are – now you have smart friends, too.  Outside this podcast, I’m the author of The Almanack of Naval Ravikant and The Anthology of Balaji. Connect at ejorgenson.com  Laugh and learn with people like Balaji Srinivasan, Naval Ravikant, Andrew Wilkinson, Austen Allred, David Senra, Josh Storrs Hall, Ashley Rindsberg, Zach Pettet, Bret Kugelmass, Omar ElNaggar, Grace Guo, Brett Kopf, Max Olson, Chris Williamson, Shane Mac, Tim Hwang, David Perell, Jason Hitchcock, Natalia Karayaneva, Sebastian Marshall, Taylor Pearson, Mitchell Baldridge and more. Join conversations with my partners in early-stage tech investing, Bo Fishback and Al Doan. Our Rolling Fun Episodes cover our investments and escapades as angel investors and startup helpers. We invest in startups creating the *next* industrial revolution. Learn more at rolling.fun “Surround yourself with people who remind you more of your future than of your past.”
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Entrepreneurship
Business
Episodes (20/96)
Smart Friends
#087 Nat Eliason: From Blogging to Sci-Fi Novels, Writing Books That Last, and Owning Your Audience
Topics: (00:00:00) - Intro   (00:00:45) - Introducing Nat Eliason   (00:01:27) - Nat's Diverse Career and Writing Journey   (00:01:47) - The Transition from Nonfiction to Fiction   (00:02:13) - The Seven Act Structure and Writing Process   (00:02:44) - Publishing with Scribe and Launching Husk   (00:03:24) - The Rewards and Challenges of Writing   (00:04:29) - Building an Audience and Marketing Strategies   (00:06:54) - Balancing Writing with Other Ventures   (00:09:09) - The Reality of a Writing Career   (00:10:49) - The Importance of Consistency and Commitment   (00:22:37) - Navigating Traditional and Self-Publishing   (00:23:05) - The Journey to Becoming an Author   (00:40:56) - Exploring the Shift from Nonfiction to Fiction   (00:41:40) - The Joy of Storytelling in Fiction   (00:44:00) - Challenges and Rewards of Writing Fiction   (00:47:44) - Outlining and Structuring Fictional Works   (00:57:38) - Marketing and Selling Self-Published Books   (01:10:38) - The Future of an Author's Career   (01:18:18) - Conclusion and Recommendations   Links: Nat on X Nat’s Website Crypto Confidential Husk To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.  Quotes from Nat: “Writing is the one thing I love doing enough to commit to for the next 30 years.” “Traditional publishing taught me how to make a really good book, but I wouldn’t do it again.” “Holding your book for the first time—and shipping it yourself to your first readers—is pure magic.” “The best marketing for your book is writing the next one—that’s the fiction game.” “I used to chase whatever was interesting… now I’m building something I want to last 30 years.” “Fiction lets me explore big ideas without pretending to be an expert.” “The self-pub stigma is fading… especially when the book looks and reads like a trad pub hit.” “Characters start doing things I didn’t plan—then I realize, oh, that’s why they’re here.” “There’s no product in the world like a book—you can sell the same file for 50 years.” “My dream is to have a warehouse full of books I wrote. That’s the romantic version of success.”
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3 weeks ago
1 hour 20 minutes

Smart Friends
#086 Jim O’Shaughnessy: Learning to Learn, AI Disruption, and the Future of Publishing
Topics: (00:00:00) - Intro (00:03:30) - What’s the most important thing you’ve ever learned? (00:07:23) - Learning to Learn (00:11:20) - How learning changes as you age (00:18:51) - How do you think about your circle of competence? (00:22:21) - The future of book publishing and how authors adapt (00:35:29) - AI disruption in book publishing (00:47:56) - Jim’s inaugural book: Two Thoughts (00:56:46) - LLMs for authors, and UBI Links: Jim on X Infinite Loops Podcast Infinite Books O’Shaughnessy Ventures Margins: Book Tracker To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Here’s what we explored in the episode: "The most important thing I learned was how to learn and unlearn... most people are never taught it. It is something that, almost by definition, you have to do yourself." It’s important for leaders to admit when they are uncertain, and lead a culture of open-mindedness. It’s important to adapt to new environments, not cling to outdated practices. There’s an upcoming shift toward AI-driven, author-friendly publishing models that reduce inefficiencies and empower writers. Jim predicts AI will allow a “tsunami of slop” content and open huge opportunities in curation. In a world of abundant content, good taste and effective curation will be very profitable. Jim shares his evolving views on Universal Basic Income (UBI), arguing for experimentation to address societal shifts caused by technological advancements. Understanding opposing viewpoints to refine one's perspectives helps make better decisions. Jim uses AI to force him to debate and understand his own opinions better. Jim credits his success to a lifelong commitment to curiosity, whether through broad reading or questioning established norms. "Curiosity is a shit starter. It ignited my curiosity to the point where I just voraciously read everything." Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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4 months ago
1 hour 7 minutes

Smart Friends
#085 Ben Reinhardt: How to Discover New Technology, Playing the Longest Game, and Philanthropy in Technology
Topics: (00:00:00) - Intro (00:05:25) - Studying both Medieval History and Engineering (00:09:48) - Founding Speculative Technologies (00:11:25) - Defining “Useful” in Science and Technology (00:13:46) - Building the roadmap of discoveries to unlock futuristic tech (00:17:24) - The need for new institutions (00:25:22) - Why focus on material science and manufacturing technologies (00:46:57) -  The day-to-day work and impact of Speculative Technologies Links: Speculative Technologies Ben on X Ben’s website To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Here’s what we explored in the episode: How studying history helps us see the present and the future more clearly.  Ben’s vision is to work with founders who are not just chasing profits but are driven by the desire to solve meaningful problems. Most successful concepts emerge from multiple rounds of experimentation. As institutions evolve, gaps formed around important research that used to be funded by universities or R&D labs of corporations. Ben is building a non-profit to fill that gap.  Ben shared why he chose to invest in startups rather than founding his own. Ben invests in "physics-enabled" startups that apply scientific principles to solve tough problems. For startups to be successful, there needs to be an alignment of motivations between investors and founders. Founders should approach investors with clarity about their vision and expect honesty and support in return. There are significant global issues that aren't being addressed by startups and opportunity abounds. Leaders must build complementary teams where members fill each other’s gaps, particularly in technical and strategic expertise. There’s a need for effective communication to bridge gaps between technical experts and the broader public. (hopefully some of what we’re doing here!)  If you’re looking for non-profit causes for your philanthropic donations, SpecTech may be among the highest-leverage ways to advance human civilization through donations.  Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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5 months ago
57 minutes

Smart Friends
#084 Augustus Doricko: How to Terraform Earth, The History of Weather Control, and The Mandate of Heaven
Topics: (00:00:00) - Intro (00:03:13) - Catching up (00:13:14) - Making Earth (even more) Habitable by Controlling Weather (00:26:54) - Doug Burgum: Next Secretary of the Dept. of the Interior (00:31:30) - Building Rainmaker (00:44:19) - Are we short on clean water in America today? (00:50:37) - Drones, precipitation, cloud seeding, and the future Links: Rainmaker Augustus on X Augustus’ Thread on Doug Burgum To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Here’s what we explored in the episode: Inspired by projects like China’s Green Wall, Rainmaker aims to terraform deserts into lush, habitable landscapes. Water scarcity can be solved by creating more water rather than just conserving to stay in the existing limits.  There are already severely water-constrained communities and farms, especially in the American west and Southwest.  Rainmaker’s cloud seeding program uses custom drones, radar, and safe, common chemical compounds.  Cloud-seeding is decades-old tech. The breakthrough was a new radar to precisely measure the effectiveness of cloud-seeding efforts.  China has more than 40,000 working on weather modification projects. The U.S. can catch up by supporting private sector innovation. Rainmaker is actively recruiting passionate engineers ready to work on cutting-edge tech. Being close to the frontier of innovation naturally drives the creation of new technologies and opportunities. Lots of examples inside Rainmaker.  A commission in the book of Genesis in the Bible to steward the garden and take care of God’s creation is an intrinsic part of Rainmaker's purpose. Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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6 months ago
1 hour 1 minute

Smart Friends
#083 Klaus Kleinfeld: How to Lead Fortune 500 Companies, Manage Energy, Inspire Teams
Topics: (00:00:00) - Intro (00:04:24) - Watching the moon landing (00:07:32) - Klaus’ career (00:10:08) - Why Klaus wrote Leading To Thrive (00:15:13) - Energy management, not time management (00:19:37) - How do you implement these tactics in business? (00:23:46) - Spiritual energy (00:37:36) - Managing energy for life, work, and family & business (00:54:52) - Instilling purpose as a leader (01:04:59) - How do you approach balancing stakeholders? (01:07:50) - What do you look for when building a team? (01:12:01) - Closing advice Links: Leading to Thrive by Klaus Kleinfeld Klaus on LinkedIn To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Here’s what we explored in the episode: Watching the moon landing as a child from East Germany inspired Klaus’ lifelong belief in the strength of human innovation. Shifting from time management to energy management. Finding your purpose is like "focusing a laser" that channels diffuse energy to achieve extraordinary results. From observing professional tennis players, Klaus learned how mental toughness and micro-recharges help maintain peak performance. Controlled breathing is a simple but powerful tool to manage emotions and maintain focus during high-pressure moments. Klaus helped transform and restore purpose to Siemens’ struggling angiography division with the most impactful team meeting you can imagine.  Aligning a team's work with a meaningful purpose motivates teams and improves long-term performance. His book was born from a desire to share lessons with young leaders, his daughters, and others seeking balance and performance. Creating memorable moments with his family helped Klaus maintain strong relationships despite a demanding career. You can instill urgency and align teams by clearly communicating that a situation absolutely requires change. Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start. 
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6 months ago
1 hour 16 minutes

Smart Friends
#082 Paul Millerd: Profits in Publishing, Why Self-Publish, How Authors Make Big Money
Links: Scribe Media Paul’s website The Pathless Path by Paul Millerd Good Work by Paul Millerd Paul on X Topics: (00:00:00) - Intro (00:03:15) - Introducing Paul, and the early days of the publishing industry. (00:06:48) - The earliest days of publishing, distribution of profit, and printing methods. (00:17:46) - The 2014 E-book collusion (00:20:27) - The self-publishing surge, the $4.99 sweet spot, and where authors can optimize. (00:24:47)- The history of paperbacks (00:37:28) - Book deals and agents (00:48:15) - The India market, publisher problems, and compounding disinterest. (01:06:06) - The future of publishing To support this podcast:  >> Explore writing or publishing your book with Scribe: Scribemedia.com >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Here’s what we explored in the episode: We dive deep into the quirky history of the publishing industry, tracing it all the way back to the 1400s. In the 19th century, authors could increase their earnings by co-investing in fixed costs, like print plates and bookbinding. Traditional Publishing has always seen hardcovers as “the real books” and sought to protect them and their profits.  Trade paperback was published only after a successful hardcover, with those rights often sold separately.  Self-publishing changed the game for authors, with Amazon enabling print-on-demand and much higher royalty percentages. If you are an author signing with a traditional publisher, realize YOU ARE NOT THE CUSTOMER–book retailers are their customers. Lots of authors who earned big money retained their rights. Stephen King retained his paperback rights an early successful book. After the hardcover version succeeded, he sold those rights for $400,000 Harper Lee made significant earnings from To Kill a Mockingbird by retaining movie adaptation rights. Tom Clancy held on to his film and international rights. This later became highly lucrative as his popularity grew and more of his books got adaptations. Traditional Publishers often prioritize prestige, tradition, and their profits – which doesn’t always align with author’s goals.  Indie authors can now disregard tradition and experiment with pricing strategies to maximize reach, revenue, and their own personal results.    Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start. 
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7 months ago
1 hour 38 minutes

Smart Friends
#081 The Next Industrial Revolution w/ J. Storrs Hall [Replay]
This is a replay of episode 34 of this podcast. Links:  Josh’s Bio - Autogeny.org Where is my flying car? By J. Storrs Hall Little Fuzzy by H. Beam Piper The Martian by Andy Weir Snow Crash by Neal Stephenson Beyond AI by J. Storrs Hall Nanofuture: What’s Next For Nanotechnology by J. Storrs Hall   Other Episode You’ll Like: Solocast #3: Nuclear, Nanotech, and the next Industrial Revolution (Book Recap: “Where is my Flying Car?”) Massive Opportunities w/in Design & User Interface with Cliff Kuang   To support this costs of producing this podcast:  >> Buy a copy of the Navalmanak: www.navalmanack.com/  >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners  >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa  >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.
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8 months ago
1 hour 38 minutes

Smart Friends
#080 Solocast #3: Nuclear, Nanotech, and the next Industrial Revolution [Replay]
This episode is a replay of episode 22 of this podcast. Links:  Eric’s Blog Eric’s blog post on digital scarcity Eric’s Blog post on The Cost of Trust Technological revolutions and Financial Capital by Carlota Perez Topics: (0:08) - Introducing the Web3 discussion (4:13) - What is the Blockchain? (6:06) - Lowering transaction costs across Web1, Web2 & Web3 (9:46) - Creating cheap, digital scarcity (12:12) - Why does the blockchain matter? Trust & Decentralization (18:50) - What happens when blockchains are deployed? Digital and Physical impacts. (26:26) - Technological Revolutions & Financial Capital by Carlotta Perez (28:23) - DAO: Distributed Autonomous Organization (30:51) - Predictions: The biggest networks will be bigger than the biggest companies (39:03) - Wrap Up: What do you have to do? (42:02) - Web3 is supposed to be fun!
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9 months ago
53 minutes

Smart Friends
#079 Andrew Wilkinson: De-risking Leverage, Investing vs. Operating, and the Best Part About Business [Replay]
[This is a replay of episode #002] Andrew Wilkinson is the co-founder of Tiny, a venture capital firm that has helped to build over 25 profitable internet businesses over the last 15 years. He got his start founding MetaLab, one of the world’s top design agencies. He has gone from working out of his apartment a little over a decade ago, to today overseeing a group of companies with over 300 employees and tens of millions in revenue. To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! 
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10 months ago
1 hour 7 minutes

Smart Friends
#078 David Senra + Mitchell Baldridge #5: David’s Private Conference, Writing Books, and Building Networks
Topics: (00:00:00) - Intro (00:03:24) - Recapping FoundersOnly Conference (00:36:36) - Helping others first (00:44:32) - Baldridge updates & the power of working hard (01:03:46) - How do you want to spend your time? (01:10:38) - Great book recs, Scribe, and the knowledge gap (01:44:38) - Unethical founders (02:00:56) - Optimizing for usefulness Links: Founders Podcast Mitchell Baldridge on X Get in touch with Mitchell David Senra on X Perplexity AI Books: Hard Drive by James Wallace So Good They Can’t Ignore You by Cal Newport Born Standing Up by Steve Martin Jerry Seinfeld in GQ Zero to One by Peter Thiel To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from David Senra and Mitchell Baldridge: "People don't see things as they are, we see them as we are. And so like we could write a book on this two-hour or whatever long conversation we've had and every single person's going to have a different perspective." — David Senra "I'm here to be the best in the world at what I'm doing. And then you get around other people like that. Like we just talked about Mike Ovitz. You think he was optimizing for days on the golf course?" — David Senra “I wake up every day more obsessed to the point where, like, if this continues, we're going to have to be concerned about me. And what I love is I'm really trying to go after it.” — David Senra "Books don't have to make money to make you money." — Mitchell Baldridge "Mute the world and build your own world and it's like part of building your own world you don't want to start from zero like a feral child in the middle of the woods." — Mitchell Baldridge
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10 months ago
2 hours 19 minutes

Smart Friends
#077 Alex Komoroske: Systems Thinking, Builders vs Gardeners, and Working In Large Organizations
Topics: (00:00:00) - Intro (00:03:52) - The Gardener of Systems (00:07:43) - Builders vs. Gardeners (00:11:09) - Who are the best farmers of miracles? (00:16:52) - How did you become a “systems” person? (00:23:45) - What does Systems Thinking look like for you? (00:53:09) - Alex’s Slime Mold deck (00:55:12) - The iterative, adjacent possible (00:59:53) - Alex’s experience at Google (01:03:12) - AI uses and potentials (01:17:54) - Book recommendations Links: Alex’s website Alex on X Alex on LinkedIn Emergence by Steven Johnson The Systems Bible by John Gall The Origin of Wealth by Eric Beinhocker To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Alex Komoroske: "I think that to really wrestle with systems you have to let go and just dance with the system." — Alex Komoroske "I like the word gardening because it underlines that you are not in control of this system. You are influencing it." — Alex Komoroske "The builder gets immediately to work, but the gardener understands that other things can be alive." — Alex Komoroske "Technology should be about helping people create and use hand-tuned tools to extend their agency in collaborative ways." — Alex Komoroske "If people who are very unlike each other all find it interesting or intriguing, that's a good sign that it will spread out to be a very large audience." — Alex Komoroske
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11 months ago
1 hour 20 minutes

Smart Friends
#076 The Alliance of Entrepreneurs and Scientists with Arkady Kulik of RPV
Topics: (00:00:00) - Intro (00:04:43) - Russian interpretations of friendship (00:09:28) - Thoughts on the state of society and its rate of technological adoption (00:13:22) - Creating alliances between entrepreneurs, capitalists, and scientists (00:17:17) - Rick Rubin on Creativity in Investing (00:20:55) - Does Taste exist in the world of VC? (00:26:06) - Becoming a better Communicator (00:40:59) - What archetypes do you see in the folks you work with? (00:44:18) - Arkady’s background and career (01:00:34) - Arkady’s thesis and technical due diligence for rpv (01:11:26) - Companies Arkady is excited about (01:16:55) - What important problems are you not seeing pursued? (01:21:11) - How can people get in touch with you? Links: Arkady on LinkedIn Rpv Venture Fund Specialist by Robert Sheckley The Creative Act by Rick Rubin To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Arkady Kulik: "Good communication is essential to avoid conflicts and build better relationships, both personally and professionally." — Arkady Kulik "Aligning visions with founders is critical. It’s not just about the business, it’s about shared values and missions." — Arkady Kulik "The alliance between entrepreneurs and scientists is the key to unlocking humanity's transition to an advanced civilization." — Arkady Kulik "Technology is the only source of never-ending growth. Our ability to reshape what we have with a small amount of resources into something fantastic is a never-ending source of creativity." — Arkady Kulik "People who are not true to themselves and lie to themselves are not founder material. The people who don’t lie to themselves and know what they are trying to do are the ones who can actually get there." — Arkady Kulik
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11 months ago
1 hour 24 minutes

Smart Friends
#075 Flywheel Masterclass, Flying Planes, and Building For Creators with Nathan Barry of Convertkit
Topics: (00:00:00) - Intro (00:05:10) - The decision to live in Idaho (00:08:21) - Nathan’s flying hobby (00:15:09) - Building Flywheels (00:46:07) - Incentive compensation and giving people ownership (01:06:39) - Inflection points in building ConverKit (01:14:16) - How to work on a ton of things (01:23:15) - What are the rules of thumb you use the most in life? Links: Nathan Barry on X ConvertKit Nathan’s website Elon Musk by Walter Isaacson Good to Great by Jim Collins Small Giants by Bo Burlingham To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Nathan Barry on building audience, wealth, and startups: "If I look back at all the good things that have happened in my career in the last 3 years, they all come from writing. One little habit of writing 1,000 words a day revolutionized my career." — Nathan Barry "ATTENTION IS THE MOST VALUABLE RESOURCE" — Nathan Barry "When you start writing you don’t have to worry about crafting perfect prose. Instead you just need to focus on teaching useful skills." — Nathan Barry Making money is a skill—like playing the drums or piano—that you can get better at over time.  I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.  This is why most first companies fail. — Nathan Barry, Ladders of Wealth Creation
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1 year ago
1 hour 31 minutes

Smart Friends
#74 Rolling Fun #8: New LPs, Mark-ups, Giant Guns for Space Cargo, How to Find a Lead Investor, Software for Manufacturing, AI for Ecomm.
Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 2020), Zaarly (acq 2020). BS in Biomedical Engineering from SMU, MBA at HBS. Once drank a whole gallon of milk in an hour. (Twitter, LinkedIn) Eric Jorgenson - CEO at Scribe Media. Author of Almanack of Naval Ravikant. Has a podcast. Barely graduated from a state school. Received a cease & desist from Craigslist for some frowned-upon marketing techniques. (Twitter, LinkedIn) Topics: (00:00:00) - Intro (00:02:49) - Showing love for new LPs (00:10:25) - Q1 New Investment: Dirac (00:16:23) - Q1 New Investment: Reactiv (00:26:53) - Q1 New Investment: Longshot (00:34:44) - How Founders can find lead investors (00:52:05) - Stell Engineering raised a Seed round!  To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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1 year ago
56 minutes

Smart Friends
#073 Rolling Fun #7: Q4 Updates: Nuclear Fusion, AI for Kids, AI Manufacturing — and how founders can find lead investors
Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Rolling Fun GPs: Al Doan - Founder of Creativity Inc., a $100m+ collection of e-commerce brands. Founder of Pretzel. BS from BYU Hawaii, OPM at HBS. Makes one hell of a peach cobbler. (Twitter, LinkedIn) Bo Fishback - Founder of Lightspeed Genomics (acq 2008), Orbis Biosciences (acq 2020), Zaarly (acq 2020). BS in Biomedical Engineering from SMU, MBA at HBS. Completed the ‘impossible’ Gallon Challenge, drinking a whole gallon of milk in an hour. (Twitter, LinkedIn) Eric Jorgenson - Founding team of Zaarly. Author of Almanack of Naval Ravikant. Has a podcast. Barely graduated from a state school. Received a cease & desist from Craigslist for some frowned-upon marketing techniques. (Twitter, LinkedIn) Topics: (00:00:00) - Intro (00:00:06) - Warming up the vocals/ catching up (00:09:14) - Q4 Catch-up and new deal flow (00:15:16) - Portola (00:41:40) - Atomic Industries  To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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1 year ago
50 minutes

Smart Friends
#072 The First Artificial Human Arm with Tyler Hayes of Atom Limbs
Links: Atom Limbs Waitlist Crowdfunding Round - Wefunder Tyler on X Topics: (00:00:00) - Intro (00:02:19) - Inside building Atom Limbs   (00:18:37) - The process of researching what knowledge was needed to build this company (00:27:26) - Feedback loops in prosthetics (00:29:23) - Where is Atom Limbs today? (00:40:48) - Wild, irresponsible speculation: Where do you hope this company will be in 50 years? (00:48:30) - Are there ways for these prosthetics to extend lifespan? (00:52:21) - What’s the price point you’re speculating for a prosthetic? (00:55:32) - How do you see the next 18 months playing out? (01:03:16) - How can people support you? To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start.
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1 year ago
1 hour 8 minutes

Smart Friends
#071 Robotic Delivery Tunnels with Garrett Scott of Pipedream Labs
Links: Garrett Scott on X Pipedream Labs Topics: (00:00:00) - Intro (00:03:00) - Pipedream (00:08:33) - What’s the existing infrastructure for this product? (00:12:55) - Finding geographical partners (00:14:52) - Hyperlogistics, regulations, and long-tail e-commerce (00:30:35) - What are the toughest technical problems? (00:34:32) - The ability to master multiple disciplines (00:37:18) - The challenge of implementation (00:42:20) - Finding partnerships and building trust (00:47:46) - How did you become the person who’s pursuing this? (00:52:30) - The first 18 months of ideating Pipedream (00:56:47) - What’s the 50-year projection for hyperlogistics? (01:01:31) - How can people be helpful to the mission To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!  Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start. 
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1 year ago
1 hour 5 minutes

Smart Friends
#070 Rolling Fun #6: Investing in Robotic Prosthetics, 10x Batteries. Al meets MrBeast.
Links: Join us in Rolling Fun! Hear our other Rolling Fun eps! Ouros AltHQ Zencastr Atom Limbs General Fabrication Company Topics: (00:00:00) - Intro (00:02:57) - Dear Listener (00:09:44) - Eric’s life as a CEO & Scribe (00:17:14) – Rolling Fun Q2 Investments (00:30:21) - Rolling Fun Q3 Investments (00:41:26) - Lessons from playing basketball with Mr. Beast for 3 days To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! 
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1 year ago
52 minutes

Smart Friends
#069 David Senra + Mitchell Baldridge #4: Old Books, New Events, and A Surprise CEO Job
Links: David Senra on X Mitchell on X Founders Podcast Better Bookkeeping Mentioned on the episode: Fiftyyears.com Foundersonly.com Poor Charlie’s Almanac Liar’s Poker Atomic Habits The Pathless Path Morgan Housel books Tren Griffin Blog - 25iq Brent Beshore on meeting Charlie Munger Who is Michael Ovitz? Powerhouse by James Andrew Miller The Eternal Pursuit of Unhappiness  Blake Robbins on Twitter Topics: (00:00:00) - Intro (00:03:53) - David - Product launching machine & the power of building relationships (00:24:18) - Thoughts on Podcast advertising  (00:31:35) - Book Publishing (00:38:27) - Eric’s new life as a CEO (00:59:23) - The permissionless adding of value (01:13:08) - The Power of Podcasting  (01:17:04) - Updates on the Baldridge Empire (01:34:19) - Reflecting on Main St. Summit (01:56:57) - Book recommendations (02:08:24) - Hire a paid critic (02:22:30) - Wrap up To support the costs of producing this podcast:  >> Buy a copy of the Navalmanack: www.navalmanack.com/  >> Buy a copy of The Anthology of Balaji: https://balajianthology.com/ >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners!
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1 year ago
2 hours 34 minutes

Smart Friends
#068 Behind the Scenes of a Nuclear Microreactor Startup with Matt Loszak, Founder CEO of Aalo Atomics
Links for Matt’s stuff: Aalo.com Matt on Twitter Aalo on Twitter Aalo Job Board Link to invest alongside Eric in deals like Aalo: rolling.fun Links to stuff mentioned: Decouple Podcast Titans of Nuclear Podcast Nuclear Barbarian Substack Atomic Awakening by James Mahaffey Why Nuclear Power Has Been a Flop by Jack Devanney Topics: (00:03:08) How the popular opinion of nuclear has changed from the 1950’s (00:15:16) The regulation issues surrounding nuclear (00:17:20) Water-based nuclear reactors vs. advanced nuclear reactors (00:19:40) Matt’s journey into nuclear energy (00:34:42) Aalo’s strategy (00:41:12) What is the TAM for this nuclear microreactors? (00:45:53) The manufacturing process for a nuclear plant (00:48:51) The nuclear supply chain (00:50:01) The change in public opinion on nuclear energy (00:55:56) Support for nuclear energy in the VC world (01:01:12) Recommendations for learning more about the sustainable energy industry (01:03:30) What do you look for when hiring?   To support this podcast: >> Join the free weekly email list at ejorgenson.com/newsletter >> Buy a copy of the Navalmanak: www.navalmanack.com/ >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage >> Text the podcast to a friend >> Or at least give the podcast a positive review to help us reach new listeners! Important quotes from Naval on building wealth and the difference between wealth and money:   How to get rich without getting lucky. - Naval Ravikant   Making money is not a thing you do—it’s a skill you learn. - Naval Ravikant   Seek wealth, not money or status. - Naval Ravikant   Wealth is having assets that earn while you sleep. - Naval Ravikant   Money is how we transfer time and wealth. - Naval Ravikant   Ignore people playing status games. They gain status by attacking people playing wealth creation games.    You’re not going to get rich renting out your time. You must own equity—a piece of a business—to gain your financial freedom. - Naval Ravikant Important quotes from the podcast by Naval on Leverage:   “Give me a lever long enough and a place to stand, and I will move the earth.”  —Archimedes    To get rich, you need leverage. Leverage comes in labor, comes in capital, or it can come through code or media. But most of these, like labor and capital, people have to give to you. For labor, somebody has to follow you. For capital, somebody has to give you money, assets to manage, or machines. - Naval Ravikant   Capital and labor are permissioned leverage. Everyone is chasing capital, but someone has to give it to you. Everyone is trying to lead, but someone has to follow you. - Naval Ravikant   Code and media are permissionless leverage. They’re the leverage behind the newly rich. You can create software and media that works for you while you sleep. - Naval Ravikant   If you can’t code, write books and blogs, record videos and podcasts. - Naval Ravikant   Leverage is a force multiplier for your judgment. - Naval Ravikant   Apply specific knowledge, with leverage, and eventually you will get what you deserve. - Naval Ravikant   Important Quotes from the podcast on Business and Entrepreneurship   There is no skill called “business.” Avoid business magazines and business classes. - Naval Ravikant   You have to work up to the point where you can own equity in a business. You could own equity as a small shareholder where you bought stock. You could also own it as an owner where you started the company. Ownership is really important.     Everybody who really makes money at some point owns a piece of a product, a business, or some IP. That can be through stock options if you work at a tech company. That’s a fine way to start. 
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1 year ago
1 hour 8 minutes

Smart Friends
Casual conversations with founders, technologists, investors, and artists about building a brighter future, together. Welcome to our digital living room.  With science, technology and entrepreneurship we can *continue* to create unfathomable leaps in quality of life. We show you how to find, apply, build, and invest in technologies to change your life and the world.  When we have smart friends, we do smart things. When we do smart things, we save the world.  No matter who, where, or when you are – now you have smart friends, too.  Outside this podcast, I’m the author of The Almanack of Naval Ravikant and The Anthology of Balaji. Connect at ejorgenson.com  Laugh and learn with people like Balaji Srinivasan, Naval Ravikant, Andrew Wilkinson, Austen Allred, David Senra, Josh Storrs Hall, Ashley Rindsberg, Zach Pettet, Bret Kugelmass, Omar ElNaggar, Grace Guo, Brett Kopf, Max Olson, Chris Williamson, Shane Mac, Tim Hwang, David Perell, Jason Hitchcock, Natalia Karayaneva, Sebastian Marshall, Taylor Pearson, Mitchell Baldridge and more. Join conversations with my partners in early-stage tech investing, Bo Fishback and Al Doan. Our Rolling Fun Episodes cover our investments and escapades as angel investors and startup helpers. We invest in startups creating the *next* industrial revolution. Learn more at rolling.fun “Surround yourself with people who remind you more of your future than of your past.”