Why Young People Shouldn't Go into Venture Capital

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To young people interested in venture capital, this seasoned investor advises against jumping in right away. Instead, he suggests gaining experience at established companies like Andrew or SpaceX to develop a different perspective and learn from successful founders like Palmer Lucky and Elon Musk. Working around such iconic figures can provide valuable insights and help determine if entrepreneurship is the right path. As an experienced capital allocator, the investor looks for founders with independent thinking, rather than those who simply parrot popular opinions.

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Today’s show:

The man behind the anonymous accounts “prayingforexits” on Instagram and “@mrexits” on X joins Jason for a jam-packed episode!

Topics covered: Praying For Exits raised a fund! (2:10) Drawing inspiration from Steve Jobs' iconic Think Different Campaign (8:55), defense tech going from “frowned upon” to a very hot market (17:03), and how the modern Middle East will play ball with the USA? (33:29)!

Time stamps:

(0:00) Mr. Exits joins Jason.

(2:16) Praying For Exits raised a fund!

(5:26) Subject-matter experts and the “alumni factor”

(9:01) Drawing inspiration from Steve Jobs' iconic Think Differently Campaign.

(9:23) Embroker - Use code TWIST to get an extra 10% off insurance at https://www.Embroker.com/twist

(11:50) Building a startup is akin to compressing a life’s career into 5 years

(12:54)The softening of the American capitalistic machine

(14:32) The shot clock of VC

(16:57) Defense tech going from “frowned upon” to a very hot market

(19:09) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://www.claconnect.com/tech

(21:55) Globalization’s impact on nationalism