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BITCOIN AND RISK: THE GREAT INVERSION THESIS I attempt something very ambitious in this video. I explain how risk is fundamentally mispriced, and I do it through the lens of my own personal story. I quit my job to spread the orange gospel when I woke up to this...

26,679 просмотров • 8 месяцев назад •via X (Twitter)

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William got margin called and pledged over $1B of his own stock to fund Column. He explains why extreme personal risk is what makes great founders, and why we see less of it today: "I think that the good founders bet on themselves and take an extreme amount of risk to do that. The extreme amount of risk part is something that we no longer have. But when there's literally only one door in front of you. You don't have a choice, and that fear and innate desire creates another part of you. It creates creativity, it creates inspiration. It's extremely valuable part of the founder journey. And in many ways, Silicon Valley we've actually removed that. I don't know why we don't talk about it more. If you go back to pre 2008, you're on the edge of the knife. We don't create environments where a founder has to bet themselves. I think starting companies are just too f**king safe. It's caused a lot of companies to be super safe companies like, we're gonna pivot to AI...that's not bold, that's not ambitious. It's because we are attracting founders that actually want to be employees. They don't think if I don't pull this off, I'm going to become bankrupt. My life is over and I think that's pretty healthy. That's when you bring out the rawness of humanity and I don't see that very much anymore. The weird thing is an early stage employee takes way more risk than an early stage founder. And I don't think we should actually de-risk the early stage employee. I just think we need to increase the risk for founders. I think we need to make failure much more expensive."

Patrick OShaughnessy

86,597 просмотров • 3 месяцев назад

We made it to the Forbes magazine cover! People are calling me an overnight success, but my journey started 10 years ago when I took my life’s biggest risk. After several months of studying day and night, I finally got into IIM Bangalore in 2014 for an MBA. My parents were very proud but then I took a major risk and decided not to go to IIM Bangalore, and instead focus on writing a book called Selfienomics which taught nutrition labels. I was young and idealistic, and I didn’t realize that most books don’t really make money. In fact, my book released in November 2016 (during the month of demonetization), and I barely made any money from the book. I struggled for many years after that, and ultimately decided that I should probably secure myself financially and I studied again for MBA entrance exams, and this time I got into Wharton School of Business. After Wharton, I worked at a high-paying job in the US for a few years. Then I took my 2nd biggest risk, where I left my job and US visa, and returned back to India to spread health literacy in India. After returning to India, my videos regarding food safety started finally gaining traction and after 8+ lawsuits, we made it to the Forbes cover. The end-goal is not to be on the Forbes cover though, the end-goal is to make 140 crore Indians health literate and help transform India from the diabetes capital to the health capital of the world!

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101,522 просмотров • 1 год назад