YouSaid · the spoken record

Jason Calacanis

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189
first
2021-02-15
most recent
2021-02-15
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1
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podcast

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  1. “Okay, yeah, we don't want to have people give up their organs for money. We obviously understand, but there's a reasonable discussion about, well, maybe there's a level of risk in a global pandemic. I mean, we fought the Nazis, right? We defeated the Nazis. That took a lot of deaths to do that. But we had to kill that evil. This is another evil which we must fight, and it's going to result in, it's already resulting in thousands of people dying a day, but we could have actually stopped it earlier if we just had a reasonable discussion. This is why podcasting, as I respect what you do, this is why intelligent people are so drawn to podcasts, because you and I can expand on this.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “It's very low, and it's certainly lower than riding a motorcycle. Lower than Riding Motorcycles. People riding motorcycles everywhere. We have ads for motorcycles. We could have just said to those thousand people, we'll give you a million dollars each to do this. Okay, there's your billion dollars. We're printing trillions of dollars of money to deal with this. If we had just done a thousand people for a million dollars each to do a challenge trial in March, April, May, when they had the mRNA vaccines ready, we could have deployed the vaccines in the summer. We would have been done with this. Would have been over by now. So we get to challenge all of that thinking. I think that's what the Great Pause did. It's letting everybody challenge that thinking is why do we have that rule?”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “And this is where the world needs anything. We could have said these thousand people, young people, who we know are in all likelihood not going to have a bad outcome. But there's a possibility.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Celebrate that. We celebrate people surfing with sharks. We celebrate people doing deep welding. We pay them extra to go 200 feet underground and weld stuff. And people do dangerous stuff all day long. Astronauts. We want soldiers, firefighters. But we won't let people get paid to do a challenge trial.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Pandemic and virus before it happens. And listen, you know a lot more about science than I do. But these mRNA has been around for a while. We've just never gotten aggressive about doing it. And then you think about challenge trials. I don't know if you've been following this, but they're doing challenge trials now in the UK this month where they're introducing COVID. Into healthy young patients and then giving them the vaccine or that is against all Rules and regulations about do no harm. But then you think about it, we kind of celebrate people jumping out of planes and we got that one guy Alex Honold who's climbing up mountains without a rope and they give him a North Star backpage ad and an endorsement deal.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “Pandemics from ever happening again. And before that, Bill Gates was banging his fist and Jeff Skull was doing the movie Contagion. I mean, for two decades, people have been banging their fists. We have to be prepared for this. And everybody's like, yeah, whatever. YOLO, it's not going to happen. And now it's happened. And people are like, we need to be able to destroy every, you know.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “And when people are competing, man, look at what Elon did to the space of cars. They were literally laughing at him in the first 10 years. Electric cars, ha ha, that company will go out of business. And now every single company is like, we're going fully electric by 2035. And he kicked their asses so brutally that they had no choice but then to step up their game. And that's what we want, right? And this virus and this pandemic, I think the great thing that will come out of this horrible experience that we've all had is psychologically death, learning, just so many bad things occurred. The economy, people losing their jobs. But we also got to see the human spirit with these mRNA vaccines and just how if we took out some of the regulation and people were super motivated, we might actually be able to eliminate all.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “I'm still working through it. I mean, he's so competitive And petty It's so inspiring that all he cares about is just winning to the level of which he literally, there's like this running meme I took that personally and I took that person. I don't know if you've seen the images of him sitting smoking a cigar looking at like an iPad of a video clip and it's like I took that person and you can make a supercut of every time he took something personally he literally takes everything personally to give himself that competitive motivation to win. That's capitalism”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “Can charge you $100 and they've created the ability for you to play chess 24 hours a day against opponents who are perfectly matched against you based on your rating and they analyze every game and they have puzzles and they have tutorials and they've got everything else. It's like just think about how much value is being provided to society because of capitalism and because competition. If you want things to get better and you want to step up your game, just make it slightly competitive. It is one of these things in human existence that is so powerful. I don't know. Did you see the Michael Jordan documentary The Last Dance?”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “Not to make this episode sponsored by chess.com, but they literally have puzzles. So I was like, oh, and it's $100 a year for this product. And I just thought to myself, This is capitalism. They don't need to charge you $100 an hour for a lesson.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “How about you don't watch the next two and you put that 400 hours into learning how to be a graphic designer, a UX person, a developer, whatever it is, and learn how to add skills? That's what I did my whole life. I was a kid from Brooklyn, went to school at night, but I was very quick to get to maybe 50% of the knowledge base of graphic design or being a writer or being a sales executive, whatever it was, a developer even. And I was just good enough to not have people be able to bullshit me like when I hired them. And that was a big unlock. When you know enough that people can't snow you, that's a really good one. And look at yourself. You figured out how to set up an entire podcast. People don't know this, but you don't have a team around you. I have a team of like five, six people working on my podcast.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “Try to dribble a basketball and do a layup. And it looked like he had a blindfold on. I mean, you've never seen something less elegant than Tim Ferris doing a layup in basketball. And then he watched me do it three or four times And I watched him study me. And listen, I've been playing basketball in Brooklyn since I was a kid. I got a couple of moves. And he was just taking notes and taking notes and taking notes. And by the end of a couple of hours of doing this, I could just watch him checking his form and figuring it out. That's every skill in the world now. And what I tell people is like, did you watch Game of Thrones? And they're like, yeah. Watch Breaking Bad? Like, yeah. I'm like, okay, that's about 400 hours”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “Very bad The best country in the world, right? I mean, it still is amazing the opportunity provided to people, all this educational experience is online and the ability, what I tell young people who are looking for advice, I say, you know, the skill you need to refine is the ability to learn new skills. Like, if you become good at learning a new skill, and Tim Ferris, a friend of mine has really pioneered this, like he can get to 60 or 70% of the knowledge in a skill, in some incredibly short period of time. Now, I'm not saying he's going to become a virtuoso drummer or a great basketball player, but Tim and I were on vacation together in like a group vacation in Italy, and there was a basketball court. I said, let's go shoot some hoops. I never shot before. And I was like, okay, come on. I'll teach you.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “And often I meet people and they're like, I need a technical co-founder and all I need is a million dollars and I'm like, okay, well, what is your skill? And they don't have a skill. I'm like, well, are you a designer? No. Are you a product manager? No. Are you a developer? No. Are you a sales executive? No. Okay, what are you? It's like, well, I have an idea. Well, as my friend Sam Harris, I think you're a friend as well, says everybody has like a million ideas an hour. Like you don't really get credit for those. Even when you're asleep, your idea is spewing ideas. Like zero credit for your ideas. It's all about execution.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “And every course from MIT and Harvard and Stanford is available on edX or Coursera and all that information is there freely available. And you can take the lectures. This is amazing. And then people will be like, yeah, but people don't have access to it. I'm like, they do. It's free. Here's the link. And they're like, yeah, but they don't have internet. And I'm like, here's the chart of internet penetration in America. And they're like, well, poor people don't have internet. And I'm like, really? Find me any downtrodden person without a smartphone with a high speed connection. That capitalism provided for $12 a month or $15 a month. It's very hard to find that. And we have it so well in this country and there's so much opportunity, but people don't believe it. And that's actually one of the problems. See, the average American still watches four or five hours of television a day.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “And that's the group of people that I think are highly vocal, but a small group of people, which are generally people of incredible privilege, rich parents, white city dwellers, liberals. They kind of look and say, poor people cannot change it a lot. And they're battling in their minds to protect poor people. But they have this very weird patriarchal kind of approach to it, which is they think that they're not capable of changing their lot in life. And they're like, it's not possible. And then once in a while, I'll tweet something where I say, you know, it's really incredible that every piece of knowledge you could possibly want is now available for free on YouTube.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “We have to have people buy in to the fact that they have that opportunity. And I think one of the problems in society is there's a group of people who actually don't believe that they can succeed or they don't believe even more perniciously that other people can.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “Exactly. Who's Jack Moss? He kind of disappears for a couple of weeks, then he comes back and he's really sorry about the things he said. And then he disappears again. Know, we have to be very careful if China wins capitalism. This is going to be an existential threat for humanity. The Chinese are no joke. I mean, they are seriously focused. And they are picking the winners.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “Know everybody gets to benefit from that product or service having to compete. And if you look at the places where there's no competition, like public education or less established colleges and stuff like that, less competition for accreditation degrees, like things tend to get a little weird, don't they? And people tend to be protected. And that's not good. You need competition. Does it mean that people shouldn't have global health care? It doesn't mean that we shouldn't have a safety net, but we need to keep capitalism vibrant, especially because China has now co-opted capitalism and created their own version of capitalism, which is communism with capitalism. It's like this weird operating system. Like, we still want to keep communism so we can take any of your gains at any time. We'd like you to be entrepreneurial.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “Know entrepreneurship is bad, technology is bad, and polarization of wealth and people getting rich is a bad thing. When I grew up, I'm 50 now. But when I was a Gen Xer growing up, we kind of maybe too much idolized Bill Gates and people who were doing interesting things in the world and we thought capitalism was a force for good. I still believe capitalism is a force for good because when a group of people builds a product or service that changes the world and it gets globally distributed, whether it's Tesla or SpaceX or Google or Airbnb or Uber or Robinhood.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “Like, wouldn't that be better in a regular database that was private and not public? Why does it need to be on immutable ledger? It can't change. I'm like, not changing the database is a feature. That does not seem like a good feature. And they couldn't explain it. They're like, well, just people are interested in ICOs. And there was that ICO mania. And what it showed was there's a global appetite for risk. People want to try new things. This is one of the great things about the human spirit. It is one of the great things about capitalism. And one of the things that concerns me most about where at society is the sort of socialism, communism.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “And I was like, I met you before, right? And they're like, yeah, yeah, yeah. No, I'm doing an ICO now. I'm like, okay. Where's your company at? And they're like, here's a white paper. And I was like, This white paper with spelling errors in it that says you're going to destroy Airbnb because everybody's apartment is going to be on an immutable ledger”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Know it really feels like the Dark Knights series films where like some people just want to see the world burn. Yeah. I think there is a contingent of people who just literally want to see chaos. Like, you know that contingent on some of these forums who just want to create chaos, right? So there's certainly that chaos contingent. But I think overall what the arc will show is a group of people getting massively educated. You see it in crypto as well. There was like a three-year period where All of these failed entrepreneurs who I knew who couldn't build companies were then coming back to me after their companies has failed or after they gave up or couldn't clear a market raising money with the venture capital community and they were doing ICOs.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “So nobody knows. So everybody has to be aware of what's happening in the game. So if Wall Street bet said, hey, let's squeeze these hedge funds because they have too much short interest. Let's all buy the stock, then some of them might have said, okay, it's at $200 or $300. Maybe I'll join the short movement now that they've covered. And they could have shorted been like double agents. So people have to understand like this stuff is gnarly. And it's a free-for-all. I mean, it is a literal free-for-all.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “Who's crying when? So I think there were some of the hedge funds that were crying initially that maybe some of the Wall Street bets people who bought last would be crying. And then eventually there's probably another set of hedge funds or even the Wall Street bets. And that army, some of them might have broke ranks and then shorted the stock.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “The good news is for a young person, the risk of ruin might be like they lose $5,000 or something, and then they have to build their stack back up. But that's really the only thing I am concerned about is... There are people who will play poker or blackjack or sports betting or whatever it is and lose control. Just like there might be people who try alcohol and lose control, but we can't build a system based upon limiting, you know, the average person's behavior based upon somebody who can't control their ability to drink two glasses of wine instead of 20.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “Like poker's going to be painful. You're going to lose a lot of money. That's why you should play the small tables first. And, you know, even in trading, like you look at people who are doing this crazy trading in GameStop, a company that's worth, you know, maybe a couple billion dollars, but certainly not tens of billions of dollars. Of course, the people who are throwing their money in last are going to lose it. I think everybody knew that. And so it was a momentum play. And, you know, they're betting against the hedge funds. So I think it's good for people to learn and become financially literate and just always understand the concept of the risk of ruin.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “If you want to learn how to play poker or guitar or tennis or skiing, like you could talk about it. You can watch YouTube videos, but at a certain point you got to get on the mountain. At a certain point, you got to put some chips in the pot. And it's going to be painful.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “People replace their cars, and Uber was not competing ultimately with taxis. They were competing with car ownership, public transportation, walking, or just not going out. And then you look at Airbnb. A lot of people who stay in an Airbnb would not be taking a trip to Kyoto, if not for the fact that they could get a $75 beautiful room with great reviews in Kyoto for three weeks. It inspires people and it manifests a market because the product is so transcendent, right? And I think that's one of the things that Robin Hood did. You can't learn how to do this options trading and puts and calls and all this sophistication stuff unless you actually do it. It's just too hard to learn, except in practice, just like poker.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “Yes. And, you know, it's very easy when these companies get big, one thing that's changed is the footprint of these startups and the velocity at which they grow. So something like Airbnb is an I'm going to rent my couch or my extra room to somebody like a serial killer, or I'm going to stay in somebody's house, like a serial killer's house. And, you know, it's like, it really sounds scary, but it actually works. And it has not destroyed the hotel business. It has added. So the best startups induce a market to exist. If you look at Uber or Airbnb,”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  31. “The mind starts to wander, right? And so in some cases, there is actually a conspiracy, and then in other cases, people's mind will fill in like, oh my God, there's some grand conspiracy here. I can tell you Robinhood's only goal is to get more people to trade stocks and to democratize it even more. And they apparently were on the brink of seizing as an entity if they didn't get more money to cover all these trades. I mean, they were on the brink and they raised $3.5 billion or something like that in a week.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  32. “Yeah, there's no transparency on a lot of these systems. And if you call to try to short a stock, it's almost like they'll tell you on the phone, like, let me see. I think I might know a guy who has shares to loan out. So it's like, am I calling to like try to find like a 73 Mustang Grande in gold, you know, and you're going to call around. It's like, shouldn't this be like on a ledger somewhere and be completely transparent? So now we're seeing those things. And I think the investigations will make it super clear. But of course in a vacuum without information, there's so many investigors in these startups that conflicts can start to appear. And then, you know how it is with people in conspiracy there is.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  33. “Right? Like you're like, how is this ever going to work? You're not paying anybody, but it's both the largest corpus of an encyclopedia ever. So I think Robin Hood actually succeeded. And then what we saw was this system and a lot of the systems in our society, whether it's the political system, the Constitution of the United States, education, higher education, which you're involved in, and then even the financial system, we have not stressed tested and stress tested it, and we don't actually know all the edge cases and how it works. So Trump was able to just really put this crazy stress test. Like, is the democracy going to hold? Are we going to break this two or three, you know, 200 some odd experiment? And then we looked at the financial markets. And it turns out there were more people shorting the stock than stocks and shares were available. I don't know how that's possible. And then I'm trying to uncover where can I see a list of people who have shorted the stock? And it's like, you can't.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  34. “That dominated the hedge fund industry. So let's pause for a second. These traders sitting there on a subreddit in a Discord server are able to do analysis and research and then act in unison to say we're going to beat in the Robin Hood sense this group of sophisticated insiders who have more access and more access to capital, but we will figure out how to solve this problem. And most things don't work. It's like the Wikipedia. No way the Wikipedia would ever work. Except it did.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  35. “Yeah, the way to do really well as an angel investor or just in technology or in life is to not say what could go wrong, but to say what could go right and then to just imagine for a moment if It does work. What would the world look like? And so when Elon was investing in Tesla and some other guys were running it and he was trying to save the company, it wasn't, is this going to work? It was almost positively not going to work. And he knew that. But if it does work, what does the world look like? And so that's really what you're looking for is not the chances of success, but if it does succeed does succeed, what would that look like? And that's what the world needs more people doing. And so when you looked at Robin Hood, it was like, well, if he does succeed, what would the world look like? And now we've seen what it looks like. You have a generation who are so financially sophisticated that they know how to do puts and calls and shorts and research at a level.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  36. “Got screwed and went 250K into debt for school and now can't get a job. Those people. And he's like, Yeah, I'm like, okay, they have no interest in their future, but they're going to trade stocks. He said, Yeah, that's the opportunity. I was like, how do you, how are you going to make money? And he said, well, that's the best part. It's going to be free. And I said, so your idea is to get a group of people who have no interest in saving for their future to trade in your business model is free. And he said, yes. I said, I'm in. Because in almost all cases, the crazy outlandish ideas That nobody believes in are the ones that have the greatest returns. I mean, Uber I introduced to about 25 investors and three of us said yes. So, you know, a full 12% of the community who saw that deal decided to do it.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  37. “Vlad walks up with his partner and he says, You're Jason Calicanis. And I said, tell me about your startup. He said, how do you know I have a startup? I said, you recognize me. I mean, that's the only way. And he goes, Is that Elon Musk? I said, Yes, Elon, come say hi. And he came over and said hi. I said, Tell me what you do. He said, Well, I'm a quant. And I said, what's that? And he said, quantitative analysis. And I was like, oh, yeah, yeah, I know about that. That's like, you guys make algorithms and then try to beat the market, right? He's like, yeah, I was like, so you're going to pitch me on a startup and you're going to sell your algorithm to other people. And if it was so good, why wouldn't you just use it yourself and print money? He's like, yeah, yeah, no, no, that's not our business. Our business is we're going to create an app to get millennials to trade stocks. And he said, hmm, you do realize there's no retail investors anymore. Like the dot-com crash plus the 2008 financial crisis eliminated any individual's belief in participating in the stock market. And he said, that's the opportunity. I said, okay, I like it. Tell me more. He said, well, we're going to get these millennials to trade. I said, the same ones who live in their mom's basements and take Uber and Lyft and are on their parents have no money.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  38. “Yeah, I mean, it is the worst bar in the peninsula. Like, just garbage on the floor and like cheap beer and warm beer. And like, you'll pick up your pine glass and be lipstick on it. It's just brutal.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source

  39. “Full disclosure, I was an angel investor in Robin Hood before they launched. And when I met the founder of Vlad and his partner, you know, they pitched me at a bar not too far from where we are right now in Palo Alto called Antonio's Nuthouse. And my friend Adeo, it's a really good story. My friend Adeo had asked me to speak at his founders institute, which is kind of like an accelerator for people.”

    2021-02-15 · Lex Fridman Podcast · #161 – Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship · IDENTIFIED FROM THE TRANSCRIPT · source