In our 39th episode, we welcome Andre Nader, a semi-retired professional in tech turned author of the FAANG FIRE Substack.
Andre shares his journey from working at Meta for nearly a decade to his transition into semi-retirement in May 2023. He discusses how he's living off savings accumulated from a tech career within the context of the FIRE (Financial Independent, Retire Early) movement.
Andre explains his approach to managing finances, the FIRE philosophy, and the importance of understanding 'enough' in terms of financial security. The conversation also touches upon the impact of tech layoffs, the role of personal finance management tools, and how to plan for uncertainties like healthcare costs, social security, and inflation.
Andre emphasizes the true personal nature of FIRE and the balance between frugality and quality of life.
If you want to get in touch with Andre, you can find hid through his Substack at FAANGFIRE.com or on LinkedIn (Andre Nader). 00:00 Introduction to Andre Nader 00:27 Journey in Tech and Transition to Semi-Retirement 01:05 Understanding Semi-Retirement and FIRE 02:12 Exploring FIRE and FAANG Concepts 04:37 Personal Finance Philosophy and Early FIRE Planning 06:54 Balancing Frugality and Lifestyle in FIRE 11:27 Defining and Validating Your FIRE Number 16:04 Tracking and Adjusting Financial Goals 22:47 Challenging FIRE Community Norms 23:10 The Role of Income and Frugality in FIRE 25:11 Purpose Beyond Work 26:46 Golden Handcuffs and Financial Independence 30:40 Navigating Tech Layoffs and Financial Planning 34:39 Nailing the Financial Basics 38:35 Special Segment: Audience Questions 43:40 Final Thoughts and Contact Information
Join us for an insightful conversation with Parsa and Alejandro, co-founders of Evress Analytics, as they discuss their journey from tutoring marketplace founders to education analytics innovators. Learn how they're revolutionizing K-12 education by helping school districts make data-driven decisions using AI to maximize the impact of their educational programs.
If you'd like to get in touch with them, you can email them at parsa@evress.com and alejandro@evress.com -- or visit their site at evress.com.
[00:00] Introduction and founding story
[15:00] Core product explanation and district leader decision-making
[30:00] Data integration and technical challenges
[45:00] Growth strategy and fundraising
[55:00] AI implementation and future vision
Modern Financial Planning in Tech with Mike Troxell In this episode, financial planner Mike Troxell, founder of Modern Financial Planning, joins hosts Jake and Arun to discuss financial planning with a focus on tech professionals. They dive into recent economic events, the challenges tech workers face, managing sudden wealth, and the importance of tax planning. Mike also shares insights on balancing risk, behavioral finance, and lifestyle considerations.
The episode wraps up with a lively debate: is Buffalo a part of the Midwest? 00:00 Introduction to Mike Troxell 00:41 Mike's Journey into Financial Planning 02:27 Client Demographics and Geographic Shifts 04:35 Financial Planning for Tech Professionals 07:24 Behavioral and Emotional Aspects of Financial Planning 08:50 Impact of Recent Economic Changes 12:35 Challenges in the Tech Job Market 18:01 Balancing Financial Literacy and Emotional Support 32:15 Behavioral Questions and Personal Considerations 32:50 Understanding Stock Options: ISOs, NSOs, and RSUs 37:16 Tax Implications and Reporting Issues 39:19 Diversification vs. Concentration in Company Stock 45:17 Managing Client Expectations During Market Uncertainty 48:59 Hot Takes and Lighthearted Debates 51:51 Conclusion and Contact Information
You can find Mike Troxell at https://www.modernfp.com
CrowdStruck: CrowdStrike Outage Analysis & Lessons in Reliability
In this episode, Arun and Jake analyze the recent CrowdStrike outage that affected millions of devices and critical industries worldwide. They discuss the technical reasons behind the incident, including configuration update issues with the Falcon sensor's content interpreter, the potential lapses in testing procedures, and the broader economic impacts. The conversation also touches on the importance of robust software testing and deployment practices, particularly for companies that serve as foundational platforms in the tech ecosystem. Finally, they consider the repercussions for CrowdStrike's market position and future remediation steps.
00:00 Introduction and Episode Setup
00:12 Discussing Past Episodes and Future Plans
00:48 CrowdStrike Outage Overview
02:10 Technical Breakdown of the Outage
04:20 Testing and Deployment Practices
15:04 Impact and Consequences of the Outage
27:03 Recovery and Future Prevention
36:07 Closing Thoughts and Hot Take Segment
Additional references:
In this episode, Whitman Kwok, founder and CEO of KAV, joins Arun and I to discuss the revolutionary work his company is doing in the helmet industry. Whitman takes us through his diverse career path leading to the founding of KAV, emphasizing the importance of grit and persistence. He highlights the technical aspects and mission of producing highly customizable, stylish, and safe bike helmets. The discussion covers KAV's innovative use of 3D printing technology, custom materials, and advanced design to create helmets tailored to individual needs. Whitman also touches on the broader applications of their technology and the potential for localized manufacturing. Additional topics include the challenge of automating their manufacturing process and the role of craftsmanship in their products.
00:00 Introduction to Whitman Kwok and KAV
00:08 Whitman's Journey to Founding KAV
01:50 The Mission and Vision of KAV Helmets
04:03 Product Overview: Custom Bike Helmets
05:37 The Customization Process
08:41 Manufacturing Technology and Process
14:14 Advantages of 3D Printing in Helmet Design
20:31 Future Applications and Product Expansion
23:18 Exploring the Global Market for Scooters and Motorcycles
23:32 Innovations in Safety Gear Manufacturing
24:07 Building a Custom Manufacturing Platform
24:42 Balancing Specificity and Abstraction in Software
26:35 Challenges in Vertical Integration
29:57 The Role of Robotics in Manufacturing
33:06 The Future of Customization and Craftsmanship
40:31 Hot Takes and Final Thoughts
Our 5th and last episode of Techonomics Season 3 features Ben Gibbs, CEO and co-founder of READY Robotics.
In this episode we dive into the future of robotics, why there's a need for a common language across robotics manufacturers, and how READY Robotics is making that a reality.
Our 4th episode of Techonomics Season 3 features Jack Greco, co-founder and general partner of Far Out Ventures. In this episode we dive into Jack's incredible story of how he became one of the premier pre-seed and seed investors in Buffalo, NY, and why he's investing so much in companies outside the typical startup ecosystem in San Francisco.
Episode 3 of Techonomics Season 3 deep dives into investing in next generation software tools with Abstraction.vc founder, Taylor Clauson.
The episode is packed with insights for anyone interested in tech, venture capital, or developer tools. Taylor shares his advice for aspiring founders, his thoughts on the future of developer tools, and his perspective on the Kansas City tech scene.
Techonomics Season 3 continues this week with a special episode deep-diving into Arun's personal experience with Silicon Valley Bank's collapse and it's impact on his startup Model-Prime, and our usual banter on the topic. Find out what it's like to be in the middle of a prisoner's dilemma banking collapse as a founder.
Do you keep your funds in SVB or get your funds to make payroll?
Steven Kotler is a New York Times bestselling author, an award-winning journalist, a flow researcher, and the Executive Director of the Flow Research Collective who joined us for our 30th episode (and start of Techonomics Season 3) to discuss his new book, Gnar Country: Growing Old, Staying Rad. Steven has numerous other books like The Rise of Superman, The Art of the Impossible, and Stealing Fire that encompass Steven's work in flow and high performance.
This is a special episode for Arun and I, not just because we love skiing and trying to find our own peak flow states, but because when we first met Arun recommended the book The Rise of Superman -- that catalyzed our friendship and Techonomics would not be where it is today as a result.
Big thanks to Steven for coming on the podcast. We know you'll enjoy.
Music: Hipjazz and Dreams from Bensound.com
In this episode, Arun and I went sans guest to dive into the recent market decline, impact on the Tech market, layoffs, and a special look-back at our previous episodes of the season.
In our 28th publication of the Techonomics podcast, Arun and I had the pleasure of speaking with Lindsay Gordon, the founder of A Life of Options and a career coach for analytically minded people. She also happens to be a newly minted author with her book, Right for YOU. Lindsay's specialty in coaching and tips/tricks in the episode are a perfect fit for Techonomics listeners – the analytically minded.
You won't want to miss it – and if you have follow up questions for Lindsay, reach out at coaching@alifeofoptions.com.
Music: Hipjazz and Dreams from Bensound.com
Andrew Yates from Promoted.ai joins us for our 27th episode to discuss ad tech, his thoughts on SaaS value creation, and how he and the team at Promoted.ai are optimizing marketplaces. Promoted.ai helps companies like Hipcamp use their own data to provide the most relevant content using ad-like ranking and scoring. We also had a great time going over Andrew's history in ad tech, his experience building and optimizing ad systems, and his philosophy in building Promoted -- everything is an ad.
If you'd like to read the transcript, you can check out Promoted's Medium post.
Music: Hipjazz and Dreams from Bensound.com
In this episode, Nate Pierotti from New Stack Ventures joined Arun and I to discuss New Stack's approach to Venture Capital, investing in a time without tech exuberance, and what it's like to be a founder turned VC. This episode gets to the heart of Techonomics – a conversation at the intersection of tech and the economy.
Mike Wagner, the CEO of Edge Case Research, joined Arun and I in our 25th episode of Techonomics to discuss the different levels of self-driving, insurance, the liability shift as we move towards autonomous vehicles, and the processes self-driving car companies like Waymo, Cruise, and Aurora can use to make them safe.
In our 24th episode, Arun and I sat down with Chirru Gopal, Co-founder and VP of Engineering at Mitra Chem, a startup that's accelerating lab-to-market timeline for battery materials. Chirru is a good friend and an expert in the field of material science, engineering, and batteries – something we don't cover in any previous episode.
During the show Chirru gives us a crash course in batteries while bringing us through what makes up a battery, what makes a battery powerful and performant, and the unique approach that Mitra Chem is taking to shorten the lab-to-production time by more than 90%.
You also won't want to miss Chirru dive into why innovation in certain parts of the battery is important, how the industry is progressing towards cheaper materials for batteries of the same performance, and how trade-offs are made when manufacturing batteries for different purposes.
Ever wonder how your electric vehicle battery actually works? Tune in to find out!
In our 23rd episode, Arun and I sat down with Jake Panikulam, the CEO of Main Street Autonomy – a company that creates localization, mapping, and calibration software for robotics companies.
Music: Hipjazz and Dreams from Bensound.com
This week we have the pleasure of talking with Michelle Parsons, the Chief Product Officer of Hinge – the dating app designed to be deleted.
In this episode, we talk about dating in the COVID era, how Hinge's product thinking helps their users get quality dates, and how the thread of community has been shaping software products throughout the tech industry.
Music: Hipjazz and Dreams from Bensound.com
For our second episode of season two, Nitya Sharma joined us to talk Payments, India, and Online Khata -- introducing us to Simpl. Simpl is a company reimagining the credit card from the ground up and empowering online retailers to build trusted relationships with their best customers.
See more at https://getsimpl.com and https://www.techonomics.news
Music: Hipjazz and Dreams from Bensound.com
For our first episode of season two, Tyler Odean (or Knifefight as his internet pseudonym goes) joined us to talk Bitcoin, NFTs, and what makes good money.
Tyler is the creator and author of the crypto newsletter Something Interesting at https://www.somethinginteresting.news which features easy-to-understand commentary on current happenings and the fundamentals in the crypto market. As the tagline goes: “Everything about Crypto explained, simply.” We highly recommend giving it a read and subscribing.
Notes from the episode:
See more at https://www.techonomics.news
Music: Hipjazz and Dreams from Bensound.com