if you’re looking for ways to get in the right environment don’t conform and do
right environment don’t conform and do
right environment don’t conform and do what’s meaningful then this video is for
what’s meaningful then this video is for
what’s meaningful then this video is for you we always want to fit in and this uh
you we always want to fit in and this uh
you we always want to fit in and this uh this this pressure to fit in is uh is
this this pressure to fit in is uh is
this this pressure to fit in is uh is really powerful you want to be in the
really powerful you want to be in the
really powerful you want to be in the place where you can talk to as many
place where you can talk to as many
place where you can talk to as many people as possible about your ideas I
people as possible about your ideas I
people as possible about your ideas I think you should be doing something
think you should be doing something
think you should be doing something you’re passionate about
you’re passionate about
you’re passionate about what’s that belief nation it’s Evan my
what’s that belief nation it’s Evan my
what’s that belief nation it’s Evan my one word is believing I believe in you I
one word is believing I believe in you I
one word is believing I believe in you I believe you have an amazing gift inside
believe you have an amazing gift inside
believe you have an amazing gift inside you that I want to see explode out into
you that I want to see explode out into
you that I want to see explode out into the world so let’s get your motivation
the world so let’s get your motivation
the world so let’s get your motivation to attend and get you believing in you
to attend and get you believing in you
to attend and get you believing in you grab a snack and chew on today’s lessons
grab a snack and chew on today’s lessons
grab a snack and chew on today’s lessons from a man who had to change elementary
from a man who had to change elementary
from a man who had to change elementary schools seven times and was hit by
schools seven times and was hit by
schools seven times and was hit by teachers when he made mistakes to being
teachers when he made mistakes to being
teachers when he made mistakes to being the co-founder of PayPal a venture
the co-founder of PayPal a venture
the co-founder of PayPal a venture capitalist and making billions he’s
capitalist and making billions he’s
capitalist and making billions he’s Peter Thiel and here is my take on his
Peter Thiel and here is my take on his
Peter Thiel and here is my take on his top ten rules to success volume two
top ten rules to success volume two
top ten rules to success volume two enjoy
so let’s kick things off right rule
so let’s kick things off right rule number one is solve problems I actually
number one is solve problems I actually
number one is solve problems I actually think you should think twice before
think you should think twice before
think you should think twice before starting certain types of businesses so
starting certain types of businesses so
starting certain types of businesses so I think there are probably too many bad
I think there are probably too many bad
I think there are probably too many bad businesses getting started and not
businesses getting started and not
businesses getting started and not enough good ones so that’s it’s you know
enough good ones so that’s it’s you know
enough good ones so that’s it’s you know I don’t think there’s I don’t think
I don’t think there’s I don’t think
I don’t think there’s I don’t think there’s anything about entrepreneurship
there’s anything about entrepreneurship
there’s anything about entrepreneurship per se that is that is is good you know
per se that is that is is good you know
per se that is that is is good you know I was talking one of my friends a few
I was talking one of my friends a few
I was talking one of my friends a few years ago I was asking him what do you
years ago I was asking him what do you
years ago I was asking him what do you want to be doing in five or ten years no
want to be doing in five or ten years no
want to be doing in five or ten years no it’s really clear I want to be an
it’s really clear I want to be an
it’s really clear I want to be an entrepreneur that’s like saying I want
entrepreneur that’s like saying I want
entrepreneur that’s like saying I want to be rich I want to be famous and I
to be rich I want to be famous and I
to be rich I want to be famous and I don’t think I don’t those are what those
don’t think I don’t those are what those
don’t think I don’t those are what those are good things being rich and famous or
are good things being rich and famous or
are good things being rich and famous or they’re not good as direct goals like if
they’re not good as direct goals like if
they’re not good as direct goals like if you if you have that as your sole goal
you if you have that as your sole goal
you if you have that as your sole goal you’re unlikely to I think really really
you’re unlikely to I think really really
you’re unlikely to I think really really succeed and so I think you become an
succeed and so I think you become an
succeed and so I think you become an entrepreneur because you’re working on
entrepreneur because you’re working on
entrepreneur because you’re working on an important problem nobody else is
an important problem nobody else is
an important problem nobody else is working on I think you should start a
working on I think you should start a
working on I think you should start a business if you have something if you’re
business if you have something if you’re
business if you have something if you’re if you’re working on a problem that
if you’re working on a problem that
if you’re working on a problem that otherwise would not get solved moving on
otherwise would not get solved moving on
otherwise would not get solved moving on the rule number two always be open to
the rule number two always be open to
the rule number two always be open to learning assembling a crew of people who
learning assembling a crew of people who
learning assembling a crew of people who are very smart very fast learners was
are very smart very fast learners was
are very smart very fast learners was kind of the key to a success and a
kind of the key to a success and a
kind of the key to a success and a start-up as opposed to trying to get
start-up as opposed to trying to get
start-up as opposed to trying to get someone who had you know if they had 10
someone who had you know if they had 10
someone who had you know if they had 10 years experience doing something that’s
years experience doing something that’s
years experience doing something that’s great but the more fundamental
great but the more fundamental
great but the more fundamental characteristic is would they learn fast
characteristic is would they learn fast
characteristic is would they learn fast on the new problems and new challenges
on the new problems and new challenges
on the new problems and new challenges yeah it’s it always feels wrong to be
yeah it’s it always feels wrong to be
yeah it’s it always feels wrong to be anti experienced but the the place where
anti experienced but the the place where
anti experienced but the the place where it can backfires if the experience makes
it can backfires if the experience makes
it can backfires if the experience makes you think that you know everything yes
you think that you know everything yes
you think that you know everything yes so it’s again it’s important to know
so it’s again it’s important to know
so it’s again it’s important to know things and it’s important to be open to
things and it’s important to be open to
things and it’s important to be open to learning more and in theory experience
learning more and in theory experience
learning more and in theory experience is a plus in practice it’s often often a
is a plus in practice it’s often often a
is a plus in practice it’s often often a bit of a minus because people are less
bit of a minus because people are less
bit of a minus because people are less open to learning new things or they’re
open to learning new things or they’re
open to learning new things or they’re more set on doing a particular job in
more set on doing a particular job in
more set on doing a particular job in the context of a start-up which is
the context of a start-up which is
the context of a start-up which is always very tricky where you have small
always very tricky where you have small
always very tricky where you have small numbers of people and people need to be
numbers of people and people need to be
numbers of people and people need to be very flexible about the roles and the
very flexible about the roles and the
very flexible about the roles and the roles change as the company gets built
roles change as the company gets built
roles change as the company gets built next step rule number three don’t
next step rule number three don’t
next step rule number three don’t conform I have seen people and it
conform I have seen people and it
conform I have seen people and it happens to everybody no matter what it
happens to everybody no matter what it
happens to everybody no matter what it is I’ve seen people rip you apart on
is I’ve seen people rip you apart on
is I’ve seen people rip you apart on both sides
both sides
both sides for both mm-hmm how how does that what
for both mm-hmm how how does that what
for both mm-hmm how how does that what what what how does that drive you does
what what how does that drive you does
what what how does that drive you does that drive you at all does that does
that drive you at all does that does
that drive you at all does that does that on political correctness of having
that on political correctness of having
that on political correctness of having to conform and being what everybody says
to conform and being what everybody says
to conform and being what everybody says you’re supposed to be does that drive
you’re supposed to be does that drive
you’re supposed to be does that drive you at all
you at all
you at all well it’s you try it you try to you try
well it’s you try it you try to you try
well it’s you try it you try to you try to ignore it to some extent you know you
to ignore it to some extent you know you
to ignore it to some extent you know you try on not to you but you don’t you know
try on not to you but you don’t you know
try on not to you but you don’t you know you don’t try to you don’t try to put
you don’t try to you don’t try to put
you don’t try to you don’t try to put yourself into any of these very
yourself into any of these very
yourself into any of these very uncomfortable straight jackets and you
uncomfortable straight jackets and you
uncomfortable straight jackets and you know you don’t want and I think that’s
know you don’t want and I think that’s
know you don’t want and I think that’s that’s what’s so pernicious about all
that’s what’s so pernicious about all
that’s what’s so pernicious about all the identity politics that that you know
the identity politics that that you know
the identity politics that that you know we we all have to be in in this category
we we all have to be in in this category
we we all have to be in in this category we’re all the same I think people are
we’re all the same I think people are
we’re all the same I think people are all different they’re all you know we’re
all different they’re all you know we’re
all different they’re all you know we’re all we’re all you know I’m somewhat
all we’re all you know I’m somewhat
all we’re all you know I’m somewhat idiosyncratic but I think all of us are
idiosyncratic but I think all of us are
idiosyncratic but I think all of us are all of us are a synchronic in different
all of us are a synchronic in different
all of us are a synchronic in different ways and I think I think this is a this
ways and I think I think this is a this
ways and I think I think this is a this is something that most people experience
is something that most people experience
is something that most people experience that they’re being put into boxes way
that they’re being put into boxes way
that they’re being put into boxes way more than they’re comfortable you know
more than they’re comfortable you know
more than they’re comfortable you know there’s this interview question I always
there’s this interview question I always
there’s this interview question I always like asking people tell me something
like asking people tell me something
like asking people tell me something that’s true that very few people agree
that’s true that very few people agree
that’s true that very few people agree with you on and it’s a very hard
with you on and it’s a very hard
with you on and it’s a very hard question to answer and it’s it’s not
question to answer and it’s it’s not
question to answer and it’s it’s not because people don’t have answers they
because people don’t have answers they
because people don’t have answers they actually have lots of answers to it it’s
actually have lots of answers to it it’s
actually have lots of answers to it it’s because they’re uncomfortable answering
because they’re uncomfortable answering
because they’re uncomfortable answering it in the context of an interview
it in the context of an interview
it in the context of an interview because um you know if it has to be
because um you know if it has to be
because um you know if it has to be answer has to be something the person
answer has to be something the person
answer has to be something the person asking you won’t agree and we’re always
asking you won’t agree and we’re always
asking you won’t agree and we’re always nervous about doing that we always want
nervous about doing that we always want
nervous about doing that we always want to fit in and this this this this
to fit in and this this this this
to fit in and this this this this pressure to fit in is uh is really
pressure to fit in is uh is really
pressure to fit in is uh is really powerful let’s go to rule number four
powerful let’s go to rule number four
powerful let’s go to rule number four don’t compete most business books tell
don’t compete most business books tell
don’t compete most business books tell you how you should compete more
you how you should compete more
you how you should compete more effectively and mine goes somewhat
effectively and mine goes somewhat
effectively and mine goes somewhat against that grain and tells you that
against that grain and tells you that
against that grain and tells you that you should not compete as a founder or
you should not compete as a founder or
you should not compete as a founder or an entrepreneur your aim should always
an entrepreneur your aim should always
an entrepreneur your aim should always be to create a creative monopoly in some
be to create a creative monopoly in some
be to create a creative monopoly in some new area that’s been under unexplored
new area that’s been under unexplored
new area that’s been under unexplored and underdeveloped and I think that’s
and underdeveloped and I think that’s
and underdeveloped and I think that’s always the key to great companies and so
always the key to great companies and so
always the key to great companies and so my my my pattern recognition is that
my my my pattern recognition is that
my my my pattern recognition is that when I hear about a company that makes a
when I hear about a company that makes a
when I hear about a company that makes a lot of sense but it is really fresh and
lot of sense but it is really fresh and
lot of sense but it is really fresh and strange that’s often a really promising
strange that’s often a really promising
strange that’s often a really promising kind of idea whereas when it’s the
kind of idea whereas when it’s the
kind of idea whereas when it’s the fourth
fourth
fourth my pet food company or the tenth
my pet food company or the tenth
my pet food company or the tenth thin-film solar panel company or the
thin-film solar panel company or the
thin-film solar panel company or the 1000th restaurant in San Francisco
1000th restaurant in San Francisco
1000th restaurant in San Francisco that’s often not as good an investment
that’s often not as good an investment
that’s often not as good an investment it’s time for real number five get in
it’s time for real number five get in
it’s time for real number five get in the right environment
the right environment
the right environment if you’re going to politics you go to DC
if you’re going to politics you go to DC
if you’re going to politics you go to DC if you go into finance New York movies
if you go into finance New York movies
if you go into finance New York movies probably still LA and and Texas Silicon
probably still LA and and Texas Silicon
probably still LA and and Texas Silicon Valley Silicon Valley has an aspect
Valley Silicon Valley has an aspect
Valley Silicon Valley has an aspect that’s that’s very open very fluid and
that’s that’s very open very fluid and
that’s that’s very open very fluid and and it helps tremendously on these
and it helps tremendously on these
and it helps tremendously on these cutting-edge ideas you want to be in the
cutting-edge ideas you want to be in the
cutting-edge ideas you want to be in the place where you can talk to as many
place where you can talk to as many
place where you can talk to as many people as possible about your ideas on
people as possible about your ideas on
people as possible about your ideas on because that’s the way you will know
because that’s the way you will know
because that’s the way you will know that they’re cutting edge and you will
that they’re cutting edge and you will
that they’re cutting edge and you will improve them even more let’s go to rule
improve them even more let’s go to rule
improve them even more let’s go to rule number six think ahead I think there
number six think ahead I think there
number six think ahead I think there definitely are things that one can
definitely are things that one can
definitely are things that one can iterate on but the the core thing is to
iterate on but the the core thing is to
iterate on but the the core thing is to have a great product and then you can
have a great product and then you can
have a great product and then you can always improve and and iterate on that
always improve and and iterate on that
always improve and and iterate on that in all sorts of ways and I think you
in all sorts of ways and I think you
in all sorts of ways and I think you know I think even in the tech industry
know I think even in the tech industry
know I think even in the tech industry on what’s striking is how weak on a
on what’s striking is how weak on a
on what’s striking is how weak on a quantitative basis so many of those
quantitative basis so many of those
quantitative basis so many of those successful companies were it was just
successful companies were it was just
successful companies were it was just they had a great product and then years
they had a great product and then years
they had a great product and then years later they were able to optimize it in
later they were able to optimize it in
later they were able to optimize it in all sorts of all sorts of ways whereas
all sorts of all sorts of ways whereas
all sorts of all sorts of ways whereas if you’re just trying to optimize and
if you’re just trying to optimize and
if you’re just trying to optimize and you don’t have a great product I think
you don’t have a great product I think
you don’t have a great product I think that that rarely works um I think it’s
that that rarely works um I think it’s
that that rarely works um I think it’s always worth asking you know where
always worth asking you know where
always worth asking you know where you’re gonna go with this business um
you’re gonna go with this business um
you’re gonna go with this business um and so I think we’re always focused on
and so I think we’re always focused on
and so I think we’re always focused on very short time horizons because you
very short time horizons because you
very short time horizons because you have to you know figure out a way to get
have to you know figure out a way to get
have to you know figure out a way to get through the next month the next quarter
through the next month the next quarter
through the next month the next quarter you know how do you get some customers
you know how do you get some customers
you know how do you get some customers how do you how do you track but it’s
how do you how do you track but it’s
how do you how do you track but it’s it’s always worth thinking it had you
it’s always worth thinking it had you
it’s always worth thinking it had you know five to ten years you know why will
know five to ten years you know why will
know five to ten years you know why will this be a really valuable business in
this be a really valuable business in
this be a really valuable business in five to ten years and you know how’s the
five to ten years and you know how’s the
five to ten years and you know how’s the competitive landscape going to develop
competitive landscape going to develop
competitive landscape going to develop house technology going to develop how’s
house technology going to develop how’s
house technology going to develop how’s the world gonna develop these are hard
the world gonna develop these are hard
the world gonna develop these are hard questions to answer but I think I think
questions to answer but I think I think
questions to answer but I think I think I think the the great entrepreneurs that
I think the the great entrepreneurs that
I think the the great entrepreneurs that I know always have some perspective on
I know always have some perspective on
I know always have some perspective on it and it might be wrong but it’s just
it and it might be wrong but it’s just
it and it might be wrong but it’s just this is what’s going to happen and then
this is what’s going to happen and then
this is what’s going to happen and then it’s sort of well-reasoned and and so
it’s sort of well-reasoned and and so
it’s sort of well-reasoned and and so you have a you have a plan and you know
you have a you have a plan and you know
you have a you have a plan and you know it’s when I was playing chess you know
it’s when I was playing chess you know
it’s when I was playing chess you know in junior high school one of the early
in junior high school one of the early
in junior high school one of the early lessons I learned was a bad plan is
lessons I learned was a bad plan is
lessons I learned was a bad plan is still always better than nope
still always better than nope
still always better than nope at all right and so you know have a plan
at all right and so you know have a plan
at all right and so you know have a plan you can always change it but don’t don’t
you can always change it but don’t don’t
you can always change it but don’t don’t just pretend that that you have no clue
just pretend that that you have no clue
just pretend that that you have no clue about what’s gonna happen and that
about what’s gonna happen and that
about what’s gonna happen and that everything about the future is random if
everything about the future is random if
everything about the future is random if you if you sort of say that everything’s
you if you sort of say that everything’s
you if you sort of say that everything’s random and out of your control
random and out of your control
random and out of your control that’s that’s that’s the way you set
that’s that’s that’s the way you set
that’s that’s that’s the way you set yourself up for failure it’s time for
yourself up for failure it’s time for
yourself up for failure it’s time for rule number seven understand what
rule number seven understand what
rule number seven understand what customers want this is sort of like the
customers want this is sort of like the
customers want this is sort of like the Steve Jobs question do you think you
Steve Jobs question do you think you
Steve Jobs question do you think you should focus on making something that
should focus on making something that
should focus on making something that you believe people want or something
you believe people want or something
you believe people want or something that you want I definitely think it
that you want I definitely think it
that you want I definitely think it should I would focus it should be on
should I would focus it should be on
should I would focus it should be on something that that that people want you
something that that that people want you
something that that that people want you on but but I think the the nuance on
on but but I think the the nuance on
on but but I think the the nuance on this is you shouldn’t there’s always a
this is you shouldn’t there’s always a
this is you shouldn’t there’s always a question whether you’re making the
question whether you’re making the
question whether you’re making the judgment or you’re taking some survey of
judgment or you’re taking some survey of
judgment or you’re taking some survey of people to make the judgment and and so
people to make the judgment and and so
people to make the judgment and and so I’m very much in the Steve Jobs camp of
I’m very much in the Steve Jobs camp of
I’m very much in the Steve Jobs camp of you want to have like this ESP linked to
you want to have like this ESP linked to
you want to have like this ESP linked to the population at large and understand
the population at large and understand
the population at large and understand what they want better than they
what they want better than they
what they want better than they understand themselves and I have I take
understand themselves and I have I take
understand themselves and I have I take the view that people don’t generally
the view that people don’t generally
the view that people don’t generally know what they want and so if you ask
know what they want and so if you ask
know what they want and so if you ask them surveys if you do market studies
them surveys if you do market studies
them surveys if you do market studies you will not actually get get the right
you will not actually get get the right
you will not actually get get the right answer and so so there is something
answer and so so there is something
answer and so so there is something about sort of this inspired you know
about sort of this inspired you know
about sort of this inspired you know information inspired intuition about
information inspired intuition about
information inspired intuition about what what the world as a whole wants
what what the world as a whole wants
what what the world as a whole wants jump into rule number eight do something
jump into rule number eight do something
jump into rule number eight do something completely new it swirling is very
completely new it swirling is very
completely new it swirling is very difficult about teaching
difficult about teaching
difficult about teaching entrepreneurship in general is that
entrepreneurship in general is that
entrepreneurship in general is that there’s maybe 20 or 30 percent where you
there’s maybe 20 or 30 percent where you
there’s maybe 20 or 30 percent where you follow certain rules and there’s certain
follow certain rules and there’s certain
follow certain rules and there’s certain processes for doing things but 70 to 80
processes for doing things but 70 to 80
processes for doing things but 70 to 80 percent of it is about doing something
percent of it is about doing something
percent of it is about doing something that’s never been done if it’s been done
that’s never been done if it’s been done
that’s never been done if it’s been done before you know you’re not really not
before you know you’re not really not
before you know you’re not really not too preneur the next you know the next
too preneur the next you know the next
too preneur the next you know the next bill Gates probably will not start a
bill Gates probably will not start a
bill Gates probably will not start a desktop operating system and almost so
desktop operating system and almost so
desktop operating system and almost so and even if you studied Bill Gates
and even if you studied Bill Gates
and even if you studied Bill Gates meticulously you wouldn’t you know go
meticulously you wouldn’t you know go
meticulously you wouldn’t you know go there and you know the next Steve Jobs
there and you know the next Steve Jobs
there and you know the next Steve Jobs probably will not be building a
probably will not be building a
probably will not be building a smartphone technologies by definition
smartphone technologies by definition
smartphone technologies by definition non-repetitive and every moment in
non-repetitive and every moment in
non-repetitive and every moment in technological history only happens once
technological history only happens once
technological history only happens once there’s a point where things are
there’s a point where things are
there’s a point where things are developed for the first time yeah and
developed for the first time yeah and
developed for the first time yeah and then there’s a point where they become
then there’s a point where they become
then there’s a point where they become normal and standard and not even
normal and standard and not even
normal and standard and not even surprising so the PayPal the big PayPal
surprising so the PayPal the big PayPal
surprising so the PayPal the big PayPal insight that we sort of came up with in
insight that we sort of came up with in
insight that we sort of came up with in the summer
the summer
the summer 99 was the idea of linking money and
99 was the idea of linking money and
99 was the idea of linking money and email as this basic product and saying
email as this basic product and saying
email as this basic product and saying there’s a lot we built around that that
there’s a lot we built around that that
there’s a lot we built around that that was sort of the the key intuition and it
was sort of the the key intuition and it
was sort of the the key intuition and it seems really simple basic and retrospect
seems really simple basic and retrospect
seems really simple basic and retrospect although we had spent six seven months
although we had spent six seven months
although we had spent six seven months in the business without thinking of that
in the business without thinking of that
in the business without thinking of that beforehand and it turned out that was a
beforehand and it turned out that was a
beforehand and it turned out that was a really key idea when someone’s thought
really key idea when someone’s thought
really key idea when someone’s thought about it very easy to explain before the
about it very easy to explain before the
about it very easy to explain before the fact nobody had thought of it let’s go
fact nobody had thought of it let’s go
fact nobody had thought of it let’s go to rule number nine do what’s meaningful
to rule number nine do what’s meaningful
to rule number nine do what’s meaningful I think you should be doing something
I think you should be doing something
I think you should be doing something you’re passionate about so the question
you’re passionate about so the question
you’re passionate about so the question is always you know when I give my
is always you know when I give my
is always you know when I give my younger self advice you know what I
younger self advice you know what I
younger self advice you know what I still go to Stanford which will go to
still go to Stanford which will go to
still go to Stanford which will go to the Stanford Law School possibly but I
the Stanford Law School possibly but I
the Stanford Law School possibly but I think a lot more about why I was doing
think a lot more about why I was doing
think a lot more about why I was doing it was is it just you know and I was on
it was is it just you know and I was on
it was is it just you know and I was on this super tract and myself ended up at
this super tract and myself ended up at
this super tract and myself ended up at a big law firm in New York in my eighth
a big law firm in New York in my eighth
a big law firm in New York in my eighth grade junior high school yearbook one of
grade junior high school yearbook one of
grade junior high school yearbook one of my friends wrote and I know we’re gonna
my friends wrote and I know we’re gonna
my friends wrote and I know we’re gonna get into Stanford in four years I went
get into Stanford in four years I went
get into Stanford in four years I went to Stanford four years later went to
to Stanford four years later went to
to Stanford four years later went to Stanford Law School ended up at a big
Stanford Law School ended up at a big
Stanford Law School ended up at a big law firm in in New York we’re on the
law firm in in New York we’re on the
law firm in in New York we’re on the outside everybody wanted to get in on
outside everybody wanted to get in on
outside everybody wanted to get in on the inside everybody wanted to get out
the inside everybody wanted to get out
the inside everybody wanted to get out when I left after seven months and three
when I left after seven months and three
when I left after seven months and three days what one of the one of the people
days what one of the one of the people
days what one of the one of the people are down the hall from he said it was
are down the hall from he said it was
are down the hall from he said it was you know really reassuring to see it was
you know really reassuring to see it was
you know really reassuring to see it was possible to escape from Alcatraz
possible to escape from Alcatraz
possible to escape from Alcatraz which you know and all you do is really
which you know and all you do is really
which you know and all you do is really just go out the front door but but so
just go out the front door but but so
just go out the front door but but so much of our identity gets wrapped up in
much of our identity gets wrapped up in
much of our identity gets wrapped up in the competitions we win and on that and
the competitions we win and on that and
the competitions we win and on that and when you compete and I think a lot of
when you compete and I think a lot of
when you compete and I think a lot of the credentialing resume building is
the credentialing resume building is
the credentialing resume building is this sort of competition when you
this sort of competition when you
this sort of competition when you compete you do get better at what you’re
compete you do get better at what you’re
compete you do get better at what you’re competing at if you take lots of SAT
competing at if you take lots of SAT
competing at if you take lots of SAT test prep classes you’ll get a better
test prep classes you’ll get a better
test prep classes you’ll get a better school on the SAT and when you compete
school on the SAT and when you compete
school on the SAT and when you compete you get better at beating people on the
you get better at beating people on the
you get better at beating people on the narrow things you need to beat them on
narrow things you need to beat them on
narrow things you need to beat them on but but you often it it often comes with
but but you often it it often comes with
but but you often it it often comes with this very high price of of losing sight
this very high price of of losing sight
this very high price of of losing sight of what’s what’s truly valuable and
of what’s what’s truly valuable and
of what’s what’s truly valuable and important and meaningful which is well I
important and meaningful which is well I
important and meaningful which is well I think passion there’s well there’s sort
think passion there’s well there’s sort
think passion there’s well there’s sort of all sorts of other there all sorts of
of all sorts of other there all sorts of
of all sorts of other there all sorts of things that could be that but but i
things that could be that but but i
things that could be that but but i think i think it often that i think it
think i think it often that i think it
think i think it often that i think it often ends up being something that’s a
often ends up being something that’s a
often ends up being something that’s a little bit off the beaten path because i
little bit off the beaten path because i
little bit off the beaten path because i think you know
think you know
think you know it’s obviously financial where you get
it’s obviously financial where you get
it’s obviously financial where you get to be have a monopoly like business
to be have a monopoly like business
to be have a monopoly like business there’s a meaningful version I think is
there’s a meaningful version I think is
there’s a meaningful version I think is always counterfactual where if you
always counterfactual where if you
always counterfactual where if you weren’t doing this would you know it’s
weren’t doing this would you know it’s
weren’t doing this would you know it’s great to be working on problems where if
great to be working on problems where if
great to be working on problems where if you weren’t working on them nobody else
you weren’t working on them nobody else
you weren’t working on them nobody else would do them you know if you’re working
would do them you know if you’re working
would do them you know if you’re working at the fourth online pet food company
at the fourth online pet food company
at the fourth online pet food company the 10th in film solar panel company the
the 10th in film solar panel company the
the 10th in film solar panel company the one thousandth restaurant in
one thousandth restaurant in
one thousandth restaurant in Philadelphia there’s a sense that if you
Philadelphia there’s a sense that if you
Philadelphia there’s a sense that if you weren’t doing it someone else would you
weren’t doing it someone else would you
weren’t doing it someone else would you know if you’re working at at something
know if you’re working at at something
know if you’re working at at something where it’s the only thing of its kind in
where it’s the only thing of its kind in
where it’s the only thing of its kind in the world that’s very meaningful if we
the world that’s very meaningful if we
the world that’s very meaningful if we weren’t if we won’t end it to be
weren’t if we won’t end it to be
weren’t if we won’t end it to be for-profit nonprofit all sorts of
for-profit nonprofit all sorts of
for-profit nonprofit all sorts of contexts if we weren’t doing this this
contexts if we weren’t doing this this
contexts if we weren’t doing this this problem would absolutely not be tackled
problem would absolutely not be tackled
problem would absolutely not be tackled I think that’s the kind of that that’s
I think that’s the kind of that that’s
I think that’s the kind of that that’s what’s that’s what’s meaningful and rule
what’s that’s what’s meaningful and rule
what’s that’s what’s meaningful and rule number 10 work with extraordinary people
number 10 work with extraordinary people
number 10 work with extraordinary people so let’s say you’re trying to select
so let’s say you’re trying to select
so let’s say you’re trying to select people for your teal fellowships or
people for your teal fellowships or
people for your teal fellowships or maybe to work for one of your companies
maybe to work for one of your companies
maybe to work for one of your companies or to start a new company with and just
or to start a new company with and just
or to start a new company with and just you Peter TL as a judge of talent
you Peter TL as a judge of talent
you Peter TL as a judge of talent what trait do you look for in that
what trait do you look for in that
what trait do you look for in that person that is being undervalued by
person that is being undervalued by
person that is being undervalued by others a lot of what you’re looking for
others a lot of what you’re looking for
others a lot of what you’re looking for like this almost zen-like opposites so
like this almost zen-like opposites so
like this almost zen-like opposites so you want people who are both really
you want people who are both really
you want people who are both really stubborn and really open-minded okay
stubborn and really open-minded okay
stubborn and really open-minded okay that’s like like a little bit
that’s like like a little bit
that’s like like a little bit contradictory you want um you want
contradictory you want um you want
contradictory you want um you want people who are you know sort of
people who are you know sort of
people who are you know sort of idiosyncratic and really different but
idiosyncratic and really different but
idiosyncratic and really different but then who can work well together in teams
then who can work well together in teams
then who can work well together in teams and so this is again sort of maybe not
and so this is again sort of maybe not
and so this is again sort of maybe not 180 degrees opposite bits were like 175
180 degrees opposite bits were like 175
180 degrees opposite bits were like 175 degrees and this is why you like a go I
degrees and this is why you like a go I
degrees and this is why you like a go I don’t like Hegel that much but but but
don’t like Hegel that much but but but
don’t like Hegel that much but but but but so great so I think it’s not so if
but so great so I think it’s not so if
but so great so I think it’s not so if you sort of focus too much on one or the
you sort of focus too much on one or the
you sort of focus too much on one or the other
other
other end of it you get it completely you
end of it you get it completely you
end of it you get it completely you would tend to get it completely wrong so
would tend to get it completely wrong so
would tend to get it completely wrong so so I but I like to get things where you
so I but I like to get things where you
so I but I like to get things where you get these combinations of unusual traits
get these combinations of unusual traits
get these combinations of unusual traits so so if you have people with some you
so so if you have people with some you
so so if you have people with some you know really interesting very different
know really interesting very different
know really interesting very different idea that suggests okay we’re in sort of
idea that suggests okay we’re in sort of
idea that suggests okay we’re in sort of in the idiosyncratic category then the
in the idiosyncratic category then the
in the idiosyncratic category then the important question becomes okay would
important question becomes okay would
important question becomes okay would they actually be able to function
they actually be able to function
they actually be able to function socially and execute and then and maybe
socially and execute and then and maybe
socially and execute and then and maybe the teamwork question you’d ask would be
the teamwork question you’d ask would be
the teamwork question you’d ask would be what’s the prehistory of this company
what’s the prehistory of this company
what’s the prehistory of this company how did you meet how long even
how did you meet how long even
how did you meet how long even working together and if there’s a long
working together and if there’s a long
working together and if there’s a long prehistory that would be that would be
prehistory that would be that would be
prehistory that would be that would be good on the other side so I think it’s
good on the other side so I think it’s
good on the other side so I think it’s always getting these combinations right
always getting these combinations right
always getting these combinations right thank you guys so much for watching I’m
thank you guys so much for watching I’m
thank you guys so much for watching I’m gonna have to say that rule number three
gonna have to say that rule number three
gonna have to say that rule number three is my personal favorite don’t conform I
is my personal favorite don’t conform I
is my personal favorite don’t conform I think that’s something as entrepreneurs
think that’s something as entrepreneurs
think that’s something as entrepreneurs we tend not to want to conform it’s a
we tend not to want to conform it’s a
we tend not to want to conform it’s a really interesting question that he
really interesting question that he
really interesting question that he asked at the end of his job interviews
asked at the end of his job interviews
asked at the end of his job interviews about something that you think is true
about something that you think is true
about something that you think is true but that other people don’t think is
but that other people don’t think is
but that other people don’t think is true they may not agree with you on I
true they may not agree with you on I
true they may not agree with you on I like that as an interview question and I
like that as an interview question and I
like that as an interview question and I think just in general we do not need to
think just in general we do not need to
think just in general we do not need to have to feel like we need to fit in and
have to feel like we need to fit in and
have to feel like we need to fit in and do things a certain way and just accept
do things a certain way and just accept
do things a certain way and just accept cultural norms and do things because
cultural norms and do things because
cultural norms and do things because their parents or friends want us to we
their parents or friends want us to we
their parents or friends want us to we do the things we want to do that’s why
do the things we want to do that’s why
do the things we want to do that’s why we’re entrepreneurs and that’s why we
we’re entrepreneurs and that’s why we
we’re entrepreneurs and that’s why we started our businesses and so I’m a huge
started our businesses and so I’m a huge
started our businesses and so I’m a huge fan of this rule it’s my favorite I’d
fan of this rule it’s my favorite I’d
fan of this rule it’s my favorite I’d love to know from you guys though what
love to know from you guys though what
love to know from you guys though what was your favorite rule are you with me
was your favorite rule are you with me
was your favorite rule are you with me is don’t conform your personal favorite
is don’t conform your personal favorite
is don’t conform your personal favorite or is the one that you like better let
or is the one that you like better let
or is the one that you like better let me know down in the comments below now I
me know down in the comments below now I
me know down in the comments below now I made this video because Diego Hernandez
made this video because Diego Hernandez
made this video because Diego Hernandez asked me to if there’s a famous
asked me to if there’s a famous
asked me to if there’s a famous entrepreneur that you want me to profile
entrepreneur that you want me to profile
entrepreneur that you want me to profile next check out the link in the
next check out the link in the
next check out the link in the description you can go and cast your
description you can go and cast your
description you can go and cast your vote on the request line and I also want
vote on the request line and I also want
vote on the request line and I also want to give a quick shout out to Tuan Union
to give a quick shout out to Tuan Union
to give a quick shout out to Tuan Union from dude Buddha comm Tuan picked up 55
from dude Buddha comm Tuan picked up 55
from dude Buddha comm Tuan picked up 55 copies of my new book the top ten roots
copies of my new book the top ten roots
copies of my new book the top ten roots a success and then he made this awesome
a success and then he made this awesome
a success and then he made this awesome video where he asked the kids and his
video where he asked the kids and his
video where he asked the kids and his family to read the book and pick out
family to read the book and pick out
family to read the book and pick out what their favorite rule was Tuan man
what their favorite rule was Tuan man
what their favorite rule was Tuan man you are a leader I appreciate all your
you are a leader I appreciate all your
you are a leader I appreciate all your support and wish you must success in
support and wish you must success in
support and wish you must success in 2018 so thank you guys again for
2018 so thank you guys again for
2018 so thank you guys again for watching I believe in you I hope we
watching I believe in you I hope we
watching I believe in you I hope we continue to believe in yourself and
continue to believe in yourself and
continue to believe in yourself and whatever your one where it is
whatever your one where it is
whatever your one where it is much love I’ll see you soon one song
much love I’ll see you soon one song
much love I’ll see you soon one song the most important work ever if you had
the most important work ever if you had
the most important work ever if you had to think of one word that’s most
to think of one word that’s most
to think of one word that’s most important to you or that sums you Apple
important to you or that sums you Apple
important to you or that sums you Apple that would be collect a little beacon
that would be collect a little beacon
that would be collect a little beacon pay believe nation if you want to know
pay believe nation if you want to know
pay believe nation if you want to know what the most important one word is for
what the most important one word is for
what the most important one word is for Tony Robbins Gary Vaynerchuk Oprah
Tony Robbins Gary Vaynerchuk Oprah
Tony Robbins Gary Vaynerchuk Oprah Winfrey will.i.am and Howard Schultz I
Winfrey will.i.am and Howard Schultz I
Winfrey will.i.am and Howard Schultz I have a very special secret video for you
have a very special secret video for you
have a very special secret video for you check the description for details
check the description for details
check the description for details [Music]
”
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