Loading video...

Video Failed to Load

Go Home

Most students chasing quant jobs are optimizing for the wrong thing: Agustin Lebron (Agustin Lebron), ex-Jane Street trader and author of The Laws of Trading, explains: "The number of seats at good shops doing interesting work is actually relatively small. Probably only a couple thousand new hires per year...

ethanrkho's profile picture

Ethan Kho

20,275 subscribers

64,816 views • 4 months ago •via X (Twitter)

LIVE

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

EDGE REVEALED: How an Ex-Jane Street Trader Finds Edge in Markets & Life Agustin Lebron Agustin Lebron (former Jane Street trader, author of The Laws of Trading, now working at an AI startup applying reinforcement learning to market execution) breaks down what edge really means — and how to find yours in trading, careers & life. “Edge is something that either you know or you can do that the marginal participant in that market either doesn’t or can’t.” We cover: - What edge actually means & how Jane Street builds organizational edge (their worst skill is still "pretty decent") - Why you can never truly know if you have edge — the statistical vs intuitive approaches - The consolidation of quant trading: from dozens of options firms to a handful of giants - The gamblification of everything — retail trading, sports betting & prediction markets fueling quant profits - What it was like having Sam Bankman-Fried (SBF) as a Jane Street intern: "Day one, I'm going to ask all the questions" - How to apply edge thinking to your own career: find what you're differentially good at - Raising teenagers in the AI age: why the traditional path still works, but other paths are opening up 00:00 Introduction 00:44 What is edge in financial markets 01:43 Jane Street and organizational structures for quant trading 03:46 Identifying and validating edge in trading 06:22 Navigating extreme market events and volatility 09:37 Future of quant trading and consolidation 12:15 Why quant firm profits have increased 14:42 The gamblization of everything 15:55 Who should pursue a career in quant trading 18:19 Applying the concept of edge to career and life decisions 20:56 Advice for interns to excel in quant trading 23:44 Predicting long-term success in trading interns 25:08 Sam Bankman-Fried as an intern and FTX reflections 28:15 Reasons people leave Jane Street and what they do next 31:19 Advice for young people in a changing world 36:09 Navigating job insecurity in tech-driven roles 38:55 Where to live if you want to be successful 40:28 Raising kids for a rapidly changing future 42:55 Questions young people should ask themselves 44:45 Outro and book recommendation
44:46

EDGE REVEALED: How an Ex-Jane Street Trader Finds Edge in Markets & Life Agustin Lebron Agustin Lebron (former Jane Street trader, author of The Laws of Trading, now working at an AI startup applying reinforcement learning to market execution) breaks down what edge really means — and how to find yours in trading, careers & life. “Edge is something that either you know or you can do that the marginal participant in that market either doesn’t or can’t.” We cover: - What edge actually means & how Jane Street builds organizational edge (their worst skill is still "pretty decent") - Why you can never truly know if you have edge — the statistical vs intuitive approaches - The consolidation of quant trading: from dozens of options firms to a handful of giants - The gamblification of everything — retail trading, sports betting & prediction markets fueling quant profits - What it was like having Sam Bankman-Fried (SBF) as a Jane Street intern: "Day one, I'm going to ask all the questions" - How to apply edge thinking to your own career: find what you're differentially good at - Raising teenagers in the AI age: why the traditional path still works, but other paths are opening up 00:00 Introduction 00:44 What is edge in financial markets 01:43 Jane Street and organizational structures for quant trading 03:46 Identifying and validating edge in trading 06:22 Navigating extreme market events and volatility 09:37 Future of quant trading and consolidation 12:15 Why quant firm profits have increased 14:42 The gamblization of everything 15:55 Who should pursue a career in quant trading 18:19 Applying the concept of edge to career and life decisions 20:56 Advice for interns to excel in quant trading 23:44 Predicting long-term success in trading interns 25:08 Sam Bankman-Fried as an intern and FTX reflections 28:15 Reasons people leave Jane Street and what they do next 31:19 Advice for young people in a changing world 36:09 Navigating job insecurity in tech-driven roles 38:55 Where to live if you want to be successful 40:28 Raising kids for a rapidly changing future 42:55 Questions young people should ask themselves 44:45 Outro and book recommendation

Ethan Kho

214,514 views • 6 months ago

Agustin Lebron, former Jane Street trader, author of The Laws of Trading. on academic finance research: "most published finance trading research is crap. because if it weren't crap, they would go trade it." "i think of papers as idea jumping off points. not things that I read, replicate, and then do." this is why i tell every new trader: papers give you the starting direction. great for ideas or even techniques, but won't make you rich overnight.
1:02

Agustin Lebron, former Jane Street trader, author of The Laws of Trading. on academic finance research: "most published finance trading research is crap. because if it weren't crap, they would go trade it." "i think of papers as idea jumping off points. not things that I read, replicate, and then do." this is why i tell every new trader: papers give you the starting direction. great for ideas or even techniques, but won't make you rich overnight.

Goshawk Trades

25,410 views • 3 months ago

This is exactly the kind of work I hoped to be doing at this stage of my life. I'm grateful to God for the privilege of living that reality. The CII Graphical Abstract explains why the status quo is a "Velocity Trap. We are retiring coal too fast for the current grid to integrate renewables, and the "gas bridge" designed to save the situation is financially unbankable. Here is the link
7:40

This is exactly the kind of work I hoped to be doing at this stage of my life. I'm grateful to God for the privilege of living that reality. The CII Graphical Abstract explains why the status quo is a "Velocity Trap. We are retiring coal too fast for the current grid to integrate renewables, and the "gas bridge" designed to save the situation is financially unbankable. Here is the link

Engineer Matšhela Koko, MBL

10,148 views • 4 months ago

Talerico: They are trying to insulate themselves from the will of the people. Normally, when you pass unpopular policies, you lose seats in the next election. That's how this is supposed to work. It's how people get a say in what their government does, but that doesn't work if one side cheats, and that's what's happening here. This is the rot at the core of our broken political system.
2:14

Talerico: They are trying to insulate themselves from the will of the people. Normally, when you pass unpopular policies, you lose seats in the next election. That's how this is supposed to work. It's how people get a say in what their government does, but that doesn't work if one side cheats, and that's what's happening here. This is the rot at the core of our broken political system.

Acyn

94,958 views • 1 year ago

Rick Rubin tells Andrew Huberman how he deals with creative or writer’s block. He treats his work like a diary entry (and doesn’t worry about internal or external judgment): ➡️ “What's the cause of the block? The block is usually something that's either personal ("I'm not good enough") or it can be a confidence issue ("I don't have anything to say") or it could be...thinking about someone else ("nobody's going to like what I make"). Do you know what I'm saying? So, it's either fear of self-judgment or external judgment. If you're making something with a freedom of "this is something I'm making for myself for now", that is all [you have to do]. It is a diary entry. Everything I make is a diary entry. The beauty of a diary entry is that I can write my diary entry and you can't tell me that my diary entry wasn't good enough. Or that [the diary entry] is not what I experienced. Of course it's what I experienced: I'm writing a personal diary for myself and no one else can judge if it is my experience of my life. Everything we make can be that: a personal reflection of who we are in that moment of time. It doesn't have to be the greatest you could ever do. It doesn't have to have any expectation that it's going to change the world. It doesn't have to sell a certain number of copies for any reason. It doesn't have any of those things at all. It is "I'm making this thing for me and I want to do it to the best of my ability and to where I feel good about it". [The work] is honest of where I'm at and if you're living in this world of just being honest to where you're at, there's nothing blocking you. There are no blocks. The blocks are all based on dealing with a different force or a different perception that is made up.” ⬅️
2:34

Rick Rubin tells Andrew Huberman how he deals with creative or writer’s block. He treats his work like a diary entry (and doesn’t worry about internal or external judgment): ➡️ “What's the cause of the block? The block is usually something that's either personal ("I'm not good enough") or it can be a confidence issue ("I don't have anything to say") or it could be...thinking about someone else ("nobody's going to like what I make"). Do you know what I'm saying? So, it's either fear of self-judgment or external judgment. If you're making something with a freedom of "this is something I'm making for myself for now", that is all [you have to do]. It is a diary entry. Everything I make is a diary entry. The beauty of a diary entry is that I can write my diary entry and you can't tell me that my diary entry wasn't good enough. Or that [the diary entry] is not what I experienced. Of course it's what I experienced: I'm writing a personal diary for myself and no one else can judge if it is my experience of my life. Everything we make can be that: a personal reflection of who we are in that moment of time. It doesn't have to be the greatest you could ever do. It doesn't have to have any expectation that it's going to change the world. It doesn't have to sell a certain number of copies for any reason. It doesn't have any of those things at all. It is "I'm making this thing for me and I want to do it to the best of my ability and to where I feel good about it". [The work] is honest of where I'm at and if you're living in this world of just being honest to where you're at, there's nothing blocking you. There are no blocks. The blocks are all based on dealing with a different force or a different perception that is made up.” ⬅️

Trung Phan

1,619,969 views • 2 years ago

William is a great reminder that the people who win become obsessed with something very small and stick with it far longer than anyone else. Enjoy three minutes of him explaining how to become the very best at one thing: "I'm probably the best in the world at a couple small, boring stuff. I do think the world for builders is the world of specialists. And you have to go extremely, extremely deep into your area and that's where you find value. One of the best determiners for success of founders is can they find the most boring thing humanly possible, interesting, over a multi-decade period. How AI is going to disrupt software...These are generalist topics that I can probably find a thousand people that have interesting, compelling ideas and can go pretty deep on that. But you can't create value there. You can create value if you're the number one person in the entire world at this little niche thing. And I think this niche thing can generate billions of dollars over time. The problem is those places are really boring and requires you to read hundreds of thousands of pages that you cannot Gemini Deep Research your way through."
3:02

William is a great reminder that the people who win become obsessed with something very small and stick with it far longer than anyone else. Enjoy three minutes of him explaining how to become the very best at one thing: "I'm probably the best in the world at a couple small, boring stuff. I do think the world for builders is the world of specialists. And you have to go extremely, extremely deep into your area and that's where you find value. One of the best determiners for success of founders is can they find the most boring thing humanly possible, interesting, over a multi-decade period. How AI is going to disrupt software...These are generalist topics that I can probably find a thousand people that have interesting, compelling ideas and can go pretty deep on that. But you can't create value there. You can create value if you're the number one person in the entire world at this little niche thing. And I think this niche thing can generate billions of dollars over time. The problem is those places are really boring and requires you to read hundreds of thousands of pages that you cannot Gemini Deep Research your way through."

Patrick OShaughnessy

180,420 views • 5 months ago

Elon Musk about the meaning of life and the trap of wishful thinking : “When I was a kid, I was wondering what's the meaning of life? Like, why are we here? What's it all about? And I came to the conclusion that what really matters is trying to understand the right questions to ask. And the more that we can increase the scope and scale of human consciousness, the better we are able to ask these questions. And so I think that there are certain things that are necessary to ensure that the future is good. One of the biggest mistakes people generally make, and I'm guilty of it too, is wishful thinking. You know, like, you want something to be true even if it isn't true. And so you ignore the things that you ignore the real truth because of what you want to be true. This is a very difficult trap to avoid.”
0:55

Elon Musk about the meaning of life and the trap of wishful thinking : “When I was a kid, I was wondering what's the meaning of life? Like, why are we here? What's it all about? And I came to the conclusion that what really matters is trying to understand the right questions to ask. And the more that we can increase the scope and scale of human consciousness, the better we are able to ask these questions. And so I think that there are certain things that are necessary to ensure that the future is good. One of the biggest mistakes people generally make, and I'm guilty of it too, is wishful thinking. You know, like, you want something to be true even if it isn't true. And so you ignore the things that you ignore the real truth because of what you want to be true. This is a very difficult trap to avoid.”

Eva Fo𝕏 🦊 Claudius Nero's Legion

75,023 views • 9 months ago

Hi Superstar! Are you excited for your special training? Cw: diaper usage, weight gain, audible farts/burps. This one is gonna be very different to my usual content, focused more around embarrassment and the voice of Glamrock Freddy telling you what to do. It's best if you just relax and follow along. I will be looking to open up for paid custom work in the very near future. This is an example of alternative work I can do and would love to do more of if there is interest. As always, you can find the full resolution version through the link at the end or on my page. Enjoy.
8:19

Hi Superstar! Are you excited for your special training? Cw: diaper usage, weight gain, audible farts/burps. This one is gonna be very different to my usual content, focused more around embarrassment and the voice of Glamrock Freddy telling you what to do. It's best if you just relax and follow along. I will be looking to open up for paid custom work in the very near future. This is an example of alternative work I can do and would love to do more of if there is interest. As always, you can find the full resolution version through the link at the end or on my page. Enjoy.

TheBunnyBurrow🇦🇺

40,380 views • 1 month ago

Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."
2:15

Marc Andreessen explains the 3 Necessities for Start-up Success: "The general criteria for a successful high-tech startup, in my view, you see different sort of rules of thumb from different people. But the three big things you always come back to are, is there a big market? And by the way, that comes in two parts. Is there a big existing market that you think you can go after and sort of displace incumbents or do you believe there will be a new market that will be big? So big market. Is there a fundamental technology or economic change that causes you to basically justify having a new company? And that's really important. And the way I always think about that is, is there a 10X change happening in the technology landscape? Is something 10X faster or 10X cheaper or 10X better? And if it's not 10X, we as both VCs and entrepreneurs, we really have to ask ourselves like, is it really worth doing? Because it's really hard. I mean, it's really hard to start new companies. new companies generally shouldn't exist. Existing companies are usually pretty good at what they do. And so for a new company to exist, it not only has to like come in and go into business and bring a product to market, but it has to bring a product to market that's so much better than what already exists that it punches through the sort of status quo. And most customers in most markets are pretty happy buying from the current suppliers and so there has to be a real kind of edge on the thing and we look for that in either a technology change, usually a technology change or an economic change. which are often the same thing. And then the third is team. Is the team outstanding? And if you think about this as an entrepreneur, it becomes a question of the founding team. Some companies are solo founders and they can work, but generally most of us, like myself, we're human beings, we're mortal. You want to have a founding team of complementary skill sets. And so you want to have at least one super strong technologist, quite possibly more than one. Some of the best startups are actually more than one founding technologist and then it often helps to have somebody who's like a product or who's a market or sales person or has a sort of really good understanding of business on the team, certainly helps a lot. And so we sort of look at market, product, and team. And the reality is you need all three. I would say, interestingly, if you're going to compromise as an investor, if we're going to compromise on one of those, it would actually be the product. And the reason I say that is because a great market is a lot easier to make up for with iterative product execution than a poor market. Because the problem with a poor market, a small market, is even if you do a great job on the product, there just aren't that many customers. It's hard to ever get big."

Founder Mode

39,005 views • 7 months ago

After a lot of work, here is my latest video. I'm proud of my baby, I hope you like it. A sequel is definitely possible if you like this one. 🚨GAME: I've slipped references to movies or "events" throughout the video. The first 5 to find them will have a generative AI all to themselves.🚨 There was a lot of work done beforehand with Grok. He's a perfect assistant! He does what we ask of him and gives very interesting ideas! I also used Midjourney and Kling AI for the images and animations. The editing and sound effects were done with Capcut and elevenlabs. If the ratings are good, an episode will be prepared. You know what to do!😋 Thank you all and enjoy!
3:32

After a lot of work, here is my latest video. I'm proud of my baby, I hope you like it. A sequel is definitely possible if you like this one. 🚨GAME: I've slipped references to movies or "events" throughout the video. The first 5 to find them will have a generative AI all to themselves.🚨 There was a lot of work done beforehand with Grok. He's a perfect assistant! He does what we ask of him and gives very interesting ideas! I also used Midjourney and Kling AI for the images and animations. The editing and sound effects were done with Capcut and elevenlabs. If the ratings are good, an episode will be prepared. You know what to do!😋 Thank you all and enjoy!

Déborah

23,513 views • 1 year ago

.tobi lutke says most companies think about recruiting backwards: “My job is to make a company worthy for the best and brightest to work for. This is the part everyone skips. Everyone is like “We need a better recruiting team.” When you just need to be worthy of the kind of talent you would like to have. Talent eventually takes care of itself. There are not that many good companies to work for. There are not many companies that deserve the attention of people who are the most capable people, because those people have the option to start their own companies.”
1:15

.tobi lutke says most companies think about recruiting backwards: “My job is to make a company worthy for the best and brightest to work for. This is the part everyone skips. Everyone is like “We need a better recruiting team.” When you just need to be worthy of the kind of talent you would like to have. Talent eventually takes care of itself. There are not that many good companies to work for. There are not many companies that deserve the attention of people who are the most capable people, because those people have the option to start their own companies.”

David Senra

104,697 views • 3 months ago

Pedro Franceschi explains why Brex doesn’t hire “people managers” anymore One day Brex founder Pedro Franceschi made a list of all of the leaders at the company who worked and didn’t work. “I was trying to find what was predictive of leadership success,” he explains. “A lot of things are important, but they’re not predictive. For example, being customer obsessed is important, but there are people who were customer obsessed who were on both sides of the list.” The only trait that Pedro found to be predictive of leadership success at Brex was what he calls “the ability to operate at all levels” — someone who even at the highest levels of leadership has a deep understanding of the details of execution at the individual contributor level. What this means in practice is a CTO who is actually a great engineer. A Head of Design who can actually design amazing products. And a great Head of Sales who can actually go and close deals themselves if they need to. “It doesn’t mean that they’re going to do that all the time,” Pedro explains, “But it means that they know the nuances of what makes someone great at the craft… If you don’t know how to identify greatness because you don’t know what the bar is yourself, there’s no way to build a team that’s great.” He continues: “A lot of companies develop this role over time that people call a ‘people manager.’ They’re Director of Engineering but they can’t really code because they manage people now… And that concept is just something we eliminated. At the end of the day, there’s no way to manage people divorced from the work — you’re managing the work itself.” Pedro uses Jony Ive as an example: “Jony Ive wasn’t managing the team that designed the iPhone. He was designing the iPhone with a group of people. It’s simple, but it is a very profound change in how you orient your relationship with the work and what you put out there in the world. And I think you have to select for people who appreciate the actual output of the work and the work itself, not the process of doing the work… What matters is: Do you know what great looks like? Can you do it yourself? And can you bring people along with a really high bar for doing it at all level.” Video source: Kleiner Perkins (2025)
3:50

Pedro Franceschi explains why Brex doesn’t hire “people managers” anymore One day Brex founder Pedro Franceschi made a list of all of the leaders at the company who worked and didn’t work. “I was trying to find what was predictive of leadership success,” he explains. “A lot of things are important, but they’re not predictive. For example, being customer obsessed is important, but there are people who were customer obsessed who were on both sides of the list.” The only trait that Pedro found to be predictive of leadership success at Brex was what he calls “the ability to operate at all levels” — someone who even at the highest levels of leadership has a deep understanding of the details of execution at the individual contributor level. What this means in practice is a CTO who is actually a great engineer. A Head of Design who can actually design amazing products. And a great Head of Sales who can actually go and close deals themselves if they need to. “It doesn’t mean that they’re going to do that all the time,” Pedro explains, “But it means that they know the nuances of what makes someone great at the craft… If you don’t know how to identify greatness because you don’t know what the bar is yourself, there’s no way to build a team that’s great.” He continues: “A lot of companies develop this role over time that people call a ‘people manager.’ They’re Director of Engineering but they can’t really code because they manage people now… And that concept is just something we eliminated. At the end of the day, there’s no way to manage people divorced from the work — you’re managing the work itself.” Pedro uses Jony Ive as an example: “Jony Ive wasn’t managing the team that designed the iPhone. He was designing the iPhone with a group of people. It’s simple, but it is a very profound change in how you orient your relationship with the work and what you put out there in the world. And I think you have to select for people who appreciate the actual output of the work and the work itself, not the process of doing the work… What matters is: Do you know what great looks like? Can you do it yourself? And can you bring people along with a really high bar for doing it at all level.” Video source: Kleiner Perkins (2025)

Startup Archive

45,584 views • 1 year ago

This thing of thinking a stranger is speeding because they think their car is faster is wrong , people are busy with life out here probably rushing to the hospital or to work 🤷‍♂️🤷‍♂️
0:31

This thing of thinking a stranger is speeding because they think their car is faster is wrong , people are busy with life out here probably rushing to the hospital or to work 🤷‍♂️🤷‍♂️

The Instigator

182,661 views • 1 year ago

“what are your dreams for the future?” 🆑: my ambition is to try and have the simplest life, keeping all those passions alive, and this is really where i’m spending my time now. i don't really need anything more because i’m happy the way i am, and my only ambition now is to obviously be a world champion. this is all i’ve ever dreamed about and this is all i’ve ever worked for and what i will continue to do so. but just having a relatively simple life and of course, simple is relative and it's more simpler than what it is now because obviously my life is quite hectic and i travel from everywhere. i go everywhere in the world every week for racing, for different kind of events. but trying to keep a simpler life and at the end of the day, i think what really matters in life is mostly people that you love most and to just keep that in mind, even though life is obviously quite hectic. 🎥: eight sleep
1:16

“what are your dreams for the future?” 🆑: my ambition is to try and have the simplest life, keeping all those passions alive, and this is really where i’m spending my time now. i don't really need anything more because i’m happy the way i am, and my only ambition now is to obviously be a world champion. this is all i’ve ever dreamed about and this is all i’ve ever worked for and what i will continue to do so. but just having a relatively simple life and of course, simple is relative and it's more simpler than what it is now because obviously my life is quite hectic and i travel from everywhere. i go everywhere in the world every week for racing, for different kind of events. but trying to keep a simpler life and at the end of the day, i think what really matters in life is mostly people that you love most and to just keep that in mind, even though life is obviously quite hectic. 🎥: eight sleep

clara

15,190 views • 2 months ago

Flexport CEO Ryan Petersen explains why your initial vision for your company is probably wrong When Ryan first applied to Y Combinator he wanted Flexport to be “TurboTax for customs.” But that vision changed a lot. As Ryan explains: “The more you learn and the more customers you talk to and the more vendors you talk to, the more you realize how screwed up the world is in this space. Then [the vision] actually gets bigger and bigger and keeps expanding.” Y Combinator CEO Garry Tan says this is a common pattern he sees in startups too: “There’s a misconception that you wake up from a haze and you’re like ‘This is it. This is the vision.” But the story is actually ‘Oh here’s this thing that I know I can solve.’ And then once you solve it and people really like it, it sort of expands and expands.” Ryan concludes: “If a founder is too certain of exactly what the vision is and what the product’s going to look like and how it’s all going to work, they’re probably wrong. The world is super messy.” Source: Garry Tan (Mar 2022)
0:54

Flexport CEO Ryan Petersen explains why your initial vision for your company is probably wrong When Ryan first applied to Y Combinator he wanted Flexport to be “TurboTax for customs.” But that vision changed a lot. As Ryan explains: “The more you learn and the more customers you talk to and the more vendors you talk to, the more you realize how screwed up the world is in this space. Then [the vision] actually gets bigger and bigger and keeps expanding.” Y Combinator CEO Garry Tan says this is a common pattern he sees in startups too: “There’s a misconception that you wake up from a haze and you’re like ‘This is it. This is the vision.” But the story is actually ‘Oh here’s this thing that I know I can solve.’ And then once you solve it and people really like it, it sort of expands and expands.” Ryan concludes: “If a founder is too certain of exactly what the vision is and what the product’s going to look like and how it’s all going to work, they’re probably wrong. The world is super messy.” Source: Garry Tan (Mar 2022)

Startup Archive

26,261 views • 12 days ago

It's obvious to the whole country that there is a very serious problem with our examination system. This is not just the question of the NEET but major examinations. Now, the minister has blamed everybody except himself. I don't think he understands the fundamentals of what's going on here. The issue is that there are millions of students in this country who are extremely concerned about what is going on and who are convinced that the Indian examination system is a fraud. Millions of people believe that if you're rich, you can buy the Indian examination system, and this is the same feeling we as the Opposition have. This is why we are asking some very simple questions to the Hon. Minister. 👉As this is a systemic issue, what exactly are you doing to fix the issue at a systemic level? : LoP Shri Rahul Gandhi
1:37

It's obvious to the whole country that there is a very serious problem with our examination system. This is not just the question of the NEET but major examinations. Now, the minister has blamed everybody except himself. I don't think he understands the fundamentals of what's going on here. The issue is that there are millions of students in this country who are extremely concerned about what is going on and who are convinced that the Indian examination system is a fraud. Millions of people believe that if you're rich, you can buy the Indian examination system, and this is the same feeling we as the Opposition have. This is why we are asking some very simple questions to the Hon. Minister. 👉As this is a systemic issue, what exactly are you doing to fix the issue at a systemic level? : LoP Shri Rahul Gandhi

Congress

105,042 views • 2 years ago

Should Christian Nationalism and Catholic Integralism be taken seriously? Ben Sasse answers. “‘Should they be taken seriously?’ I mean, ultimately I think no — but I want to be humble about how and why we get there.” “Can people who are skeptical of a lot of Enlightenment assumptions be reasonable in making those cases? Of course. I'm pretty sympathetic to a lot of what the Enlightenment offered us in response to many of the things that had just come before. But that doesn't mean that the Enlightenment is at all a foretaste of heaven.” “I think there is a temptation right now to have an over-realized eschatology where people want to find a city that has foundations. ‘Right now, dang it, I'm ready to build it and I want it to be better and I want it now. And I want to smash the people who are in the way of it’ is tonally the way a lot of these folks talk.” “But philosophically, having a debate is one thing and claiming that they're doing practical politics is quite another. So I think it is important, without us, you know, trying to answer a lot of these questions, to at least acknowledge there are Catholic claims about integralism that a lot of Protestants seem to pine for and lust after without working through — what would that really mean?” “I just look at a lot of the debates of the last two months about women's suffrage and I just kind of want to shake my head and say, ‘Man, this is a weirdo online phenomenon.’ There is no chance on earth that any of these folks who are advancing some sub-varieties of Christian nationalism are actually thinking there's math by which they're going to end women's suffrage. And yet they talk like it. Because online, it seems really provocative to say things like that. And I don't really know what it's worth to linger on some of these silly online debates.” Watch: Listen:
2:27

Should Christian Nationalism and Catholic Integralism be taken seriously? Ben Sasse answers. “‘Should they be taken seriously?’ I mean, ultimately I think no — but I want to be humble about how and why we get there.” “Can people who are skeptical of a lot of Enlightenment assumptions be reasonable in making those cases? Of course. I'm pretty sympathetic to a lot of what the Enlightenment offered us in response to many of the things that had just come before. But that doesn't mean that the Enlightenment is at all a foretaste of heaven.” “I think there is a temptation right now to have an over-realized eschatology where people want to find a city that has foundations. ‘Right now, dang it, I'm ready to build it and I want it to be better and I want it now. And I want to smash the people who are in the way of it’ is tonally the way a lot of these folks talk.” “But philosophically, having a debate is one thing and claiming that they're doing practical politics is quite another. So I think it is important, without us, you know, trying to answer a lot of these questions, to at least acknowledge there are Catholic claims about integralism that a lot of Protestants seem to pine for and lust after without working through — what would that really mean?” “I just look at a lot of the debates of the last two months about women's suffrage and I just kind of want to shake my head and say, ‘Man, this is a weirdo online phenomenon.’ There is no chance on earth that any of these folks who are advancing some sub-varieties of Christian nationalism are actually thinking there's math by which they're going to end women's suffrage. And yet they talk like it. Because online, it seems really provocative to say things like that. And I don't really know what it's worth to linger on some of these silly online debates.” Watch: Listen:

Sola Media

38,681 views • 1 month ago

"Do you feel the pull from an entrepreneur?" David Haber on what great founders feel like to investors: "It's sort of like a physical feeling almost, like a feeling of momentum. You sort of find yourself wanting to do more work and kind of leaning into the opportunity. Sort of like running down a hill almost." "Is this person or team kind of uniquely qualified to go tackle this opportunity?" "Do they have some sort of earned secret from prior work experience or in their life or personal life?" "I think the thing that I probably key most off of is clarity of thought." "Do they understand what they're gonna go build and why? And can they clearly articulate kind of a strategy." "Whether that strategy stays consistent or not, I think is kind of not the point. It's just how crisply do they articulate their point of view." David Haber on The High Flyers Podcast with Vidit Agarwal
1:00

"Do you feel the pull from an entrepreneur?" David Haber on what great founders feel like to investors: "It's sort of like a physical feeling almost, like a feeling of momentum. You sort of find yourself wanting to do more work and kind of leaning into the opportunity. Sort of like running down a hill almost." "Is this person or team kind of uniquely qualified to go tackle this opportunity?" "Do they have some sort of earned secret from prior work experience or in their life or personal life?" "I think the thing that I probably key most off of is clarity of thought." "Do they understand what they're gonna go build and why? And can they clearly articulate kind of a strategy." "Whether that strategy stays consistent or not, I think is kind of not the point. It's just how crisply do they articulate their point of view." David Haber on The High Flyers Podcast with Vidit Agarwal

a16z

27,489 views • 5 months ago

Palmer Luckey explains the curse of being a billionaire "People also misunderstand. They think that billionaires work to make more money.....for most billionaires, the sickness is not gathering dollars..." Interviewer: "21 and you're a billionaire." Palmer Luckey: "That's right." Interviewer: "Why didn't you just go, 'Okay, that's me done. I've done all the hard work. I'm just going to enjoy my life now.'" Palmer Luckey: "It is a common question, and what I've observed with myself and everyone else I know who's made a billion dollars is that the type of person who makes a billion dollars is not the kind of guy who can imagine doing that. It's just people say, 'Oh, you know, if I had a billion, I'd go and I'd drink mai tais on the beach.' My point is, that's the attitude that won't get you to a billion dollars. It's very rare that the two things come together. And so, in a way, it's a little bit of a curse. And I'm not trying to make it sound like I have a terrible life. I love my life. But the curse of it is that anyone who can get to a billion probably has something wrong with their brain where no matter how much they get, they'll never stop working." "People also misunderstand. They think that billionaires work to make more money. Like, 'Oh, they're just trying to make more and more. They just want money.' I can tell you, for most billionaires, the sickness is not gathering dollars. It's working and doing things. If they didn't have any money, they would probably still be doing the same thing. You know, but money is a good scoreboard to keep track of who's doing more. But I couldn't imagine not working. My wife would be the first to tell you I'm a bit of a workaholic, and it's because I love what I'm doing. Why would I go sit on a beach when I could be working at Anduril? Why would I go get a massage when I can do a 12-hour shift?"
1:27

Palmer Luckey explains the curse of being a billionaire "People also misunderstand. They think that billionaires work to make more money.....for most billionaires, the sickness is not gathering dollars..." Interviewer: "21 and you're a billionaire." Palmer Luckey: "That's right." Interviewer: "Why didn't you just go, 'Okay, that's me done. I've done all the hard work. I'm just going to enjoy my life now.'" Palmer Luckey: "It is a common question, and what I've observed with myself and everyone else I know who's made a billion dollars is that the type of person who makes a billion dollars is not the kind of guy who can imagine doing that. It's just people say, 'Oh, you know, if I had a billion, I'd go and I'd drink mai tais on the beach.' My point is, that's the attitude that won't get you to a billion dollars. It's very rare that the two things come together. And so, in a way, it's a little bit of a curse. And I'm not trying to make it sound like I have a terrible life. I love my life. But the curse of it is that anyone who can get to a billion probably has something wrong with their brain where no matter how much they get, they'll never stop working." "People also misunderstand. They think that billionaires work to make more money. Like, 'Oh, they're just trying to make more and more. They just want money.' I can tell you, for most billionaires, the sickness is not gathering dollars. It's working and doing things. If they didn't have any money, they would probably still be doing the same thing. You know, but money is a good scoreboard to keep track of who's doing more. But I couldn't imagine not working. My wife would be the first to tell you I'm a bit of a workaholic, and it's because I love what I'm doing. Why would I go sit on a beach when I could be working at Anduril? Why would I go get a massage when I can do a 12-hour shift?"

Tony Jacob | FindaClip.com

988,136 views • 10 days ago