Episode
#154 - Jason Calacanis - How Does Angel Investing Work?
1:15:49
Published: Thu Mar 26 2020
Description
Jason Calacanis is an angel investor and podcaster. I'm constantly hearing stories of how people are making their millions and billions angel investing in Silicon Valley startups, but I have no idea how it all works. Thankfully I got hold of Jason, who was one of the first investors in Uber, Thumbtack, Calm and many more, to teach us everything there is to know about the industry. Get Surfshark VPN - https://surfshark.deals/MODERNWISDOM (Enter Promo Code MODERNWISDOM for 83% off & One Extra Month Free) Extra Stuff: Follow Jason on Twitter - https://twitter.com/jason Check out Jason's Company - https://launch.co/ Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact
Chapters
Surfshark VPN service allows users to change their browsing location and currently offers a deal for users to pay £1.59 a month while providing streamlining options for Netflix.
00:00 - 02:23 (02:23)
Summary
Surfshark VPN service allows users to change their browsing location and currently offers a deal for users to pay £1.59 a month while providing streamlining options for Netflix. Users can receive 83% off and an extra month for free through the provided link.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The podcast host discusses how to navigate "host mode" during interviews, in which they slip into asking questions for the audience's benefit instead of the guest's.
02:23 - 06:31 (04:07)
Summary
The podcast host discusses how to navigate "host mode" during interviews, in which they slip into asking questions for the audience's benefit instead of the guest's. They also discuss the struggle of listening to other podcasts when the interviewer doesn't know what they're doing.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Podcasts give creators the opportunity to explore topics in-depth without worrying about being misquoted or cut off by journalists.
06:31 - 13:13 (06:42)
Summary
Podcasts give creators the opportunity to explore topics in-depth without worrying about being misquoted or cut off by journalists. This is empowering for experts because they can go direct to their audience, while the general state of journalism today struggles to remain relevant.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Silicon Valley venture capitalist discusses how they look for companies that can impact millions of people and grow at an unrealistic pace.
13:13 - 20:59 (07:46)
Summary
Silicon Valley venture capitalist discusses how they look for companies that can impact millions of people and grow at an unrealistic pace. The goal is to avoid relying on just one IP or product, which could fall out of favor, and instead search for the next big thing.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The VC industry is constantly trying to understand the cognitive frameworks and biases that impact investing decisions in order to unlock the key to success, as people tend to overestimate the likelihood of success due to the survivorship bias.
20:59 - 26:10 (05:10)
Summary
The VC industry is constantly trying to understand the cognitive frameworks and biases that impact investing decisions in order to unlock the key to success, as people tend to overestimate the likelihood of success due to the survivorship bias.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Startup companies are frequently threatened by a lack of funding, competitors, and changing market conditions, making it difficult to succeed.
26:12 - 29:45 (03:32)
Summary
Startup companies are frequently threatened by a lack of funding, competitors, and changing market conditions, making it difficult to succeed. Investing in many startups can result in a significant amount of time being spent on those that ultimately fail.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Indian Americans faced racism and challenges in their journey to building a new life in America, but they persevered and established remarkable work ethics and a focus on education.
29:45 - 38:16 (08:31)
Summary
Indian Americans faced racism and challenges in their journey to building a new life in America, but they persevered and established remarkable work ethics and a focus on education. Now, they are leading some of the most successful tech companies in the world like Microsoft and Google.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
In this snippet, the speaker talks about the idea of accepting failure and giving up your board seat in a company that is not able to succeed.
38:16 - 42:24 (04:07)
Summary
In this snippet, the speaker talks about the idea of accepting failure and giving up your board seat in a company that is not able to succeed.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The speaker describes how the work of businesses falls into two main buckets - creation and distribution - and how this can be seen through various aspects of the businesses' operations.
42:24 - 45:28 (03:04)
Summary
The speaker describes how the work of businesses falls into two main buckets - creation and distribution - and how this can be seen through various aspects of the businesses' operations.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The podcast explores the idea of applying the theming strategy of theme parks to personal and professional skill development.
45:28 - 48:21 (02:53)
Summary
The podcast explores the idea of applying the theming strategy of theme parks to personal and professional skill development.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The most important traits to look for in potential startup team members are their passion for the idea and their ability to work well with others, according to the speaker.
48:21 - 54:33 (06:11)
Summary
The most important traits to look for in potential startup team members are their passion for the idea and their ability to work well with others, according to the speaker. While previous job experience and personality type can be considered, they are not as crucial as the ability to acquire necessary skills from other team members.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Podcasts have become a preferred platform for important persons in politics and literature to share their message and sell their books.
54:33 - 58:14 (03:41)
Summary
Podcasts have become a preferred platform for important persons in politics and literature to share their message and sell their books. The increase in listenership is expected to continue in the coming years.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
The press has given up objective journalism and seems to be focusing more on link baiting.
58:14 - 1:01:32 (03:17)
Summary
The press has given up objective journalism and seems to be focusing more on link baiting. This has led to a loss of trust from top subjects and a rise in the power of fake news rhetoric.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Jeff Bezos' pledge of $10 billion to fight climate change should have been a major news story, but instead, the media has focused on criticisms related to Amazon's environmental impact.
1:01:32 - 1:05:48 (04:16)
Summary
Jeff Bezos' pledge of $10 billion to fight climate change should have been a major news story, but instead, the media has focused on criticisms related to Amazon's environmental impact.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Cafe X has created robotic coffee machines that can make coffee and food 24/7 using robotic arms, which some people may consider overkill until they try their customized drinks with cold foam and espresso from their machine.
1:05:48 - 1:13:02 (07:14)
Summary
Cafe X has created robotic coffee machines that can make coffee and food 24/7 using robotic arms, which some people may consider overkill until they try their customized drinks with cold foam and espresso from their machine.
Episode#154 - Jason Calacanis - How Does Angel Investing Work?
PodcastModern Wisdom
Andrew talks about his desire to visit the spot where his photo was taken and discusses the history of the Mason-Dixon line, while also recommending walking over the Brooklyn Bridge.
1:13:02 - 1:15:35 (02:32)
Summary
Andrew talks about his desire to visit the spot where his photo was taken and discusses the history of the Mason-Dixon line, while also recommending walking over the Brooklyn Bridge.