Chapter
Prioritizing flow and interesting challenges in entrepreneurship.
1:31:16 - 1:42:23 (11:07)
David Heinemeier Hansson, the co-founder of Basecamp, discusses flow, interesting challenges and diversification as guiding principles for making business decisions. He also shares his decision to not accept venture capital funding in order to preserve his company's freedom and independence.
Clips
37signals (now Basecamp) Co-founder, David Heinemeier Hansson, shares with Tim Ferriss his views on diversifying interest, stepping away from venture capital funding, and not succumbing to the common pressures that come with it, such as having to run a company for 20 years, being forced into unsustainable growth or sell the company, etc.
1:31:16 - 1:33:38 (02:21)
Summary
37signals (now Basecamp) Co-founder, David Heinemeier Hansson, shares with Tim Ferriss his views on diversifying interest, stepping away from venture capital funding, and not succumbing to the common pressures that come with it, such as having to run a company for 20 years, being forced into unsustainable growth or sell the company, etc.
ChapterPrioritizing flow and interesting challenges in entrepreneurship.
Episode#195: David Heinemeier Hansson: The Power of Being Outspoken
PodcastThe Tim Ferriss Show
The constant propaganda about the benefits of being rich deceives individuals into thinking that money will bring happiness and tranquility; however, once monetary success is achieved, expectations may be too high and reality falls short.
1:33:38 - 1:35:03 (01:25)
Summary
The constant propaganda about the benefits of being rich deceives individuals into thinking that money will bring happiness and tranquility; however, once monetary success is achieved, expectations may be too high and reality falls short.
ChapterPrioritizing flow and interesting challenges in entrepreneurship.
Episode#195: David Heinemeier Hansson: The Power of Being Outspoken
PodcastThe Tim Ferriss Show
The purpose of life is to strive for interesting new challenges that provide flow, according to Jason Fried from Basecamp.
1:35:03 - 1:39:35 (04:32)
Summary
The purpose of life is to strive for interesting new challenges that provide flow, according to Jason Fried from Basecamp. Prioritizing this over other goals can help guide decisions and lead to a more fulfilling life.
ChapterPrioritizing flow and interesting challenges in entrepreneurship.
Episode#195: David Heinemeier Hansson: The Power of Being Outspoken
PodcastThe Tim Ferriss Show
Jeff Bezos invested in Basecamp more because he enjoys it rather than for the economical gains he would receive.
1:39:35 - 1:42:23 (02:48)
Summary
Jeff Bezos invested in Basecamp more because he enjoys it rather than for the economical gains he would receive. As a private and profitable company, Basecamp was able to return Bezos his invested money and he has continued to invest in Basecamp.