Conferences do bring in money, but the real money, in the 20-40 million dollar range, comes from the other businesses that require the education from these conferences such as insurance, mutual funds, hedge funds and bankers.
The speaker explains their experience investing in venture capital and how it may not be the best way to maximize capital and feel rich.
Airbnb's ability to generate massive amounts of free cash flow has helped the company's stock market performance. Despite ego often getting in the way, businesses that prioritize free cash flow may be more attractive to investors in the long run.
The speaker predicts that Asian American college applicants will be the biggest political winner going forward, partly due to recent legal proceedings related to affirmative action.
The abstraction of technologies that make our lives easier is the breeding ground for new ideas and inventions as it removes barriers for creativity. Despite hardly having any resources, one can still be a threat to multi-million dollar companies because there's nothing to lose and everything to gain.