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.

Transcript

Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.