📝 50-50 IS FOR LOSERS

So we finally pulled the trigger and turned the mic on ourselves with Twitter Spaces on Tuesday night to break down and add some perspective to Balaji’s epic show with Tim Ferris. Should we put up notes? Should we do it again? Let us know by just replying to this email!

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Up This Week:
Read this post if you want to learn how to get rich, be happy, and live a good life. There is only one Naval. While he’s no guru, it’s only because he’s better and not out to make a profit. Admired by millions of people for both his business and life advice. In this member's only post, we've collected his top lessons from 10+ podcasts all in one convenient place.

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Wealth

1/ Never Split 50/50: Either be the minority holder because you trust the other person to take the lead and believe in them, or be the majority holder who drives the business – Marcus Lemonis (The Profit)

2/ Context Switching Has Big Price Tag: “We’re in this interrupt world of email and Slack, and if you want to think deeply about things you need to set aside blocks of time to think.” Dr. David Spergel

3/ The Big 4 Founder Mistakes: - Becki DeGraw

Missing out on 83(b) tax elections
Thinking they own the company when they don’t
Waiting until funding before setting up the company structure
Incorporating as an LLC first instead of as a corporation

4/ Is This Time Different, BTC?: Previous bitcoin adoption cycles saw a rise in bitcoins deposited on exchanges. By contrast, the current price rise is coupled with diminishing bitcoin reserves on exchanges – Will Clemente

5/ Famous Last Words? “I don’t think that it’s even possible to actually have hyperinflation anymore” – Chamath

6/ Kickstarter with Equity (and Auditors): Starting March 15th, companies are able to raise more money via equity crowdfunding – up to $5M – Sahil Lavingia, Gumroad

Wisdom

7/ Memories: “When you’re memorizing something, it’s an indication that you don’t understand it. You should be able to re-derive anything on the spot and if you can’t, you don’t know it.” - Naval

Health

8/ Good Luck: “You have social statisticians, scientists, and researchers in lab coats, literally the best minds of our generation figuring out how to addict you to the news. And if you fall for it, if you get addicted. your brain will get destroyed.” - Naval

9/ Why You Might Want to MicroDose: More effective at work and in the gym, More creative, Enjoy time with family more than usual, Increase arousal (not indicated for people suffering anxiety) – James Fadiman with Sam Harris