What Did I Learn From the Bull Market?

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It's really hard that first time that you feel like you've been in, you've grown up under a set of rules and the rules just changed dramatic, right? Like the ability to reorient yourself is hard. And some people were quicker to realize the new normal than others. I think the two things I learned in the aftermath of those various downturn events are really the only periods in which you learn anything about anybody. So true. Why is this true? Well, shoot, when the sledding's easy, like, no one has to make hard decisions, right?

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Jason sits down with Bryan Roberts of Venrock for another episode of Angel Season 7! They discuss Bryan’s first bets (2:22) and his perception of the dot com bubble. (14:38) The two also dive into topics like creating optionality as a startup (21:24), bad habits in VC (28:49) and Theranos. (36:18) To wrap the show, Bryan and Jason discuss disagreeing with founders (39:07) and the psychology of placing bets! (44:33)

(0:00) Jason kicks off the show
(2:22) Bryan’s first investment: Illumina
(8:52) LinkedIn Jobs - Go to http://linkedin.com/angel and post your first job for free
(10:16) Bryan’s second investment: Athena Health
(14:38) Bryan’s experience during the dot-com bubble
(19:54) Merge - Get started by integrating up to 5 linked accounts for free today at merge.dev/twist
(21:24) Creating optionality in a startup
(25:30) Understanding your leaders
(28:49) Bad habits in venture
(34:55) Velocity Growth - Get $500 off your first growth audit or monthly package now with promo code TWIST at velocitygrowth.com/twist
(36:18) Bryan’s thoughts on Theranos
(39:07) Diligence and disagreements with founders
(44:33) The psychology of placing bets + advice for founders

FOLLOW Bryan: https://twitter.com/brobertsvc
FOLLOW Jason: https://linktr.ee/calacanis
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