Episode

#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
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50:27
Published: Fri Jan 15 2016
Description

Sometimes one interview just isn't enough. That was certainly the case with my good friend, Chris Sacca. Chris (who I interviewed before) was recently the cover story of the Midas Issue of Forbes magazine. He was on the cover because he's a newly minted billionaire and the proprietor of what will likely be the most successful venture capital fund in history: LOWERCASE Capital. He's an early-stage investor in companies like Twitter, Uber, Instagram, Kickstarter, and many more. Also, he wears cowboy shirts, has a great beard, and is hilarious, which is reason enough to bring him back for more. In this episode, he answers all of your most pressing questions based on your votes and feedback.s You'll find some fantastic responses, ranging from life advice to business recommendations and everything in between. Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This episode is brought to you by Foodist Kitchen. Sometimes the most life-changing habits are the ones we put off, and learning to cook is at the top of that list. I only finally took the plunge when writing The 4-Hour Chef, and it turned my eating and my life into high definition. Foodist Kitchen is a 30-day program that teaches you how to cook without recipes, and I highly recommend it. Chopping and sautéing are just a small part of the whole deal -- you also need to know what flavors taste good together and what it means to cook until done. Foodist Kitchen brings all these skills together so you can walk into the kitchen, open the fridge, and have an intuitive sense of what to cook and how to do it. It was created by Darya Rose, who's a friend of mine and one of my cooking mentors for The 4-Hour Chef. She has offered a $15 discount off your membership, so check out FoodistKitchen.com/Tim to learn more about the program. This episode is also brought to you by Exo Protein. These guys are making protein bars using cricket protein powder. Before you screw your face up and look disgusted, I bet they taste better than any protein bar you've ever had before! With recipes that were developed by a three-Michelin-starred chef, the bars are paleo-friendly, with no gluten, no grains, no soy, no dairy, etc., and they won't pop up your glycemic response. In fact, they're less processed than any other protein bars you'll be able to find. Exo Protein is offering a deep discount to Tim Ferriss Show listeners -- if you go to ExoProtein.com/Tim today, you can try a sampler pack with all of the most popular flavors for less than $10. This is a startup with limited inventory that sells out all the time, so act fast!***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chapters
In this episode, Tim Ferriss talks about his exercise routine, the importance of minimizing expenses and possessions, and his experience meeting Arnold Schwarzenegger.
00:00 - 01:10 (01:10)
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Fitness
Summary

In this episode, Tim Ferriss talks about his exercise routine, the importance of minimizing expenses and possessions, and his experience meeting Arnold Schwarzenegger.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
Tim Ferriss answers popular questions from his audience, ranging from life advice to business advice.
01:10 - 05:57 (04:46)
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Tim Ferriss
Summary

Tim Ferriss answers popular questions from his audience, ranging from life advice to business advice.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The podcast discusses the importance of wigs in making a party night amazing, and how people are missing out on the fun of education.
05:57 - 11:48 (05:51)
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Education
Summary

The podcast discusses the importance of wigs in making a party night amazing, and how people are missing out on the fun of education. It also advises entrepreneurs to find a good technical co-founder over exporting to a mobile web development company to retain equity.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The transcript discusses the challenges of balancing productivity and mental health, and how it can be especially difficult in industries where success is often defined by busy-ness and output.
11:48 - 18:16 (06:27)
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Mental Health
Summary

The transcript discusses the challenges of balancing productivity and mental health, and how it can be especially difficult in industries where success is often defined by busy-ness and output.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The key to finding focus in your life is to prioritize yourself and understand the reasons behind what you do.
18:16 - 25:36 (07:20)
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Focus
Summary

The key to finding focus in your life is to prioritize yourself and understand the reasons behind what you do. This involves investing in the relationships you want to grow, learning new things, and broadening your human experience.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The podcast hosts express concern over tech myopia, or the tendency for people in the technology industry to focus only on their own worldview and experience, potentially alienating other groups and negatively impacting the success of the industry as a whole.
25:36 - 32:47 (07:11)
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Technology
Summary

The podcast hosts express concern over tech myopia, or the tendency for people in the technology industry to focus only on their own worldview and experience, potentially alienating other groups and negatively impacting the success of the industry as a whole.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The traditional approach to education has been focused on getting into a good college to secure a good job.
32:47 - 39:00 (06:13)
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Education, Entrepreneurialism
Summary

The traditional approach to education has been focused on getting into a good college to secure a good job. However, investors are now considering first-time founders with relevant expertise as well as those with proven entrepreneurial track records. Understanding entrepreneurialism could lead to a richer life, stronger society, and a better future for children.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
InVenture, a company that has succeeded by focusing on underrepresented talents, such as women, people of color, and the LGBT community, proves that there is great potential and unique product desires in these communities' huge disposable incomes.
39:00 - 43:12 (04:11)
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InVenture
Summary

InVenture, a company that has succeeded by focusing on underrepresented talents, such as women, people of color, and the LGBT community, proves that there is great potential and unique product desires in these communities' huge disposable incomes. The success of InVenture, led by a successful woman leader and dynamic management team, serves as a reminder for future business deals.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
As businesses grow bigger, there's more involvement from lawyers, accountants, tax people, regulators, and back-office staff, which can lead to losing touch with what was once exciting about the business.
43:12 - 48:48 (05:36)
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Startups
Summary

As businesses grow bigger, there's more involvement from lawyers, accountants, tax people, regulators, and back-office staff, which can lead to losing touch with what was once exciting about the business. Despite the challenges, staying away from startups is an exercise in futility.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show
The speaker anticipates that some people assume followers of Tim Ferriss are all "crackpots," but he intends to channel a similar enthusiasm for Tim throughout the season.
48:48 - 50:26 (01:38)
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Tim Ferriss
Summary

The speaker anticipates that some people assume followers of Tim Ferriss are all "crackpots," but he intends to channel a similar enthusiasm for Tim throughout the season.

Episode
#132: Chris Sacca on Shark Tank, Building Your Business, and Startup Mistakes
Podcast
The Tim Ferriss Show