The Perfect Vacuum

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There's a great book by Matt Ridley called How Innovation Works. It basically dispelling the myth that shit gets invented. Everything is this process of like, oh, somebody tweaks this thing. Somebody takes somebody else's thing, combines it with that thing. You don't wake up and go Yeah. Oh, I have the idea for the perfect vacuum. The point is 15 years, right? Like it took 15 years. Do five thousand protests. Bro, five thousand. What did you ever try doing on the first try, James? Did you try making the vacuum on the first Try? And even like where is the line between the 4000 and the 4000 and first?"

The NIA boys discuss the power of quitting, the Visualize Value origin story, the law of compounding, and decision-making frameworks.

Timestamps:

(00:00:00) - Intro
(00:00:36) - Checks Update
(00:03:30) - Meme of the Week
(00:06:06) - Teasing Grit vs Quit
(00:07:02) - Jack’s Water Filter Story
(00:12:31) - This is Pointless Breakdown and The Power of Compounding
(00:28:28) - Visualize Value Origin Story
(00:34:24) - Trung on why he quit pursuing screenwriting
(00:44:05) - Knowing When to Walkaway
(00:49:11) - The Kill Criteria
(00:54:26) - The Monkey and the Pedestal Framework
(00:59:54) - Slack’s Iconic Pivot Story
(01:03:40) - Bilal shares why he shutdown Arsenal Blog
(01:06:26) - Jack’s explains his decision to kill his Podcast Production Agency
(01:12:13) - What F**k You Money really is
(01:12:45) - Trung’s Scotia Bank Story
(01:15:01) - The Influence of Social Capital

What Is Not Investment Advice? Every week, Jack Butcher, Bilal Zaidi & Trung Phan discuss what they're finding on the edges of the internet + the latest in business, technology and memes.

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