Delian Asparouhov (@zebulgar), principal at Founders Fund, joins Erik on this episode.

They discuss:

- Delian’s essays on what he’s learned from working with Keith Rabois at Founders Fund, and why he says “osmosis is the best way to learn.”

- How they evaluate talent in general, and specifically founders.

- Why he says that the more technical the company, the better the founder has to be at fundraising and storytelling.

- Why they are more excited about lending these days.

- Companies that help you improve your sleep with personalized solutions.

- What the “business equation” means for a company and Keith’s rules of thumb for figuring out whether it’s viable or not.

- What to look for when interviewing executives, and the difference between value-creating and value-protecting positions.

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