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4min chapter
Erik Torenberg: Optionality, AI & Elites
"World of DaaS"
ISAs: How to Be a Successful Founder
Charlie Munger famously said, show me the incentives. I'll show you the outcome. And so I think similarly, there's this thing here, when you're a founder, you need to signal that you're fricking all in on this thing. This thing can't fail. You're not hedging at all. But I think in reality, if you could hedge 1% or something very small, where you've just hedged a little bit, I think is rational for most people. We were very interested in this idea of investing in people.
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