Dru Riley is the founder of Trends.vc, a community + newsletter that helps 35,000 entrepreneurs discover new markets + ideas.

Trends makes tens of thousands of dollars/month in subscription revenue + was ranked "Product of The Month" on Product Hunt.

In this conversation you'll learn about:

– the meta-trends behind what Dru writes about, the things that don't change, after studying the things that do change

– democratization, positive-sum networks + fractional ownership

– trends he's excited about including: DeFi (decentralized finance) + DAOs (decentralized autonomous organizations) and NFTs (non-fungible tokens)

– the 80/20 of his research + editing process, including how he processed 172 podcasts for 1 recent report

– we go behind the mind & discuss some of his rules for life, we touch on incentives, stories + courage

Let us know what you think on Twitter: https://twitter.com/bzaidi https://twitter.com/DruRly

Watch on YouTube: https://youtu.be/q5rdqLzy-Gw

Timestamps:

• 0:00:00 - Preview
• 0:02:46 - Intro To Dru + Trends
• 0:04:57 - Scale of Trends
• 0:05:39 - Software Engineering Background + Knowing When To Leave
• 0:08:14 - Starting Books In The Middle
• 0:11:46 - Making First $15 after saving up $250k
• 0:21:00 - Rejecting An Offer Of Investment
• 0:22:22 - Decision Dilution + Stakeholder Types
• 0:25:14 - Content vs Trust Treadmill
• 0:26:01 - Refining Like A Standup Comedian
• 0:28:34 - Signals To Look For In Feedback
• 0:31:37 - Meta-trends
• 0:33:45 - Democratization
• 0:36:18 - Ability To Build Smaller
• 0:38:06 - Coders vs Builders - “Code Is Being Commoditized”
• 0:40:57 - Decentralization
• 0:43:06 - Positive Sum Networks
• 0:45:26 - What are DAOs (decentralized autonomous orgs)
• 0:46:53 - Fractional Ownership
• 0:48:45 - NFTs
• 0:51:41 - Direct To Consumer
• 0:52:44 - Research + Writing Process
• 0:54:57 - Processing 172 Podcasts
• 0:59:10 - Podcast Speed + Dopamine Hits
• 1:02:15 - Edit - “How Many, How Much”
• 1:03:52 - Filtering Feedback
• 1:05:49 - Constraints
• 1:08:34 - Starting From Scratch Today
• 1:11:37 - Behind The Mind - 100 Rules To Live By
• 1:12:15 - Hard choices easy life. Easy choices hard life.
• 1:13:05 - Think Grey, Not Black + White - Annie Duke
• 1:14:09 - Stories vs Insight
• 1:16:59 - Incentives
• 1:17:56 - “Life Is Short, Not Fair”
• 1:19:27 - Don’t Try To Change Someone’s Worldview
• 1:21:20 - “It’s Not About The Bag”
• 1:23:24 - Memento Mori
• 1:24:29 - Life Is Not Baseball - Play Asymmetric Games
• 1:25:23 - Courage

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