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Books I've Loved — Alain de Botton | Brought to you by Audible.

Welcome to another episode of The Tim Ferriss Show, where it is my job to sit down with world-class performers of all different types—from startup founders and investors to chess champions to Olympic athletes. This episode, however, is an experiment and part of a shorter series I’m doing called “Books I’ve Loved.” I’ve invited some amazing past guests, close friends, and new faces to share their favorite books—the books that have influenced them, changed them, and transformed them for the better. I hope you pick up one or two new mentors—in the form of books—from this new series and apply the lessons in your own life.

Alain de Botton (@alaindebotton) is the founder and Chairman of The School of Life. He is a writer of essayistic books that have been described as a 'philosophy of everyday life.' He’s written on love, travel, architecture and literature, including the titles How Proust Can Change Your Life and The Consolations of Philosophy. His books have been bestsellers in 30 countries. 

“Books I’ve Loved” on The Tim Ferriss Show is brought to you by Audible! I have used Audible for many years now. I love it. Audible has the largest selection of audiobooks on the planet. I listen when I’m taking walks, I listen while I’m cooking… I listen whenever I can. Audible is offering Tim Ferriss Show listeners a free audiobook with a 30-day trial membership. Just go to Audible.com/tim and browse the unmatched selection of audio programs. Then, download your free title and start listening! It’s that easy. Simply go to Audible.com/tim or text TIM to 500500 to get started today.

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Podcast Notes Key Takeaways

• Founders are more concerned about making a positive impact today than in the past
• What Michael Seibel looks for in YC applicants
  • The team’s ability to build and launch the first version of the product
  • Evidence of forward-motion
  • Evidence of a strong relationship between co-founders
• “The beautiful thing about founders is their ability to lie to themselves, and the number one thing they lie about is whether they have product-market fit. The great founders, limit the amount they lie” – Michael Seibel
• YC’s secret sauce is the batch, not the advice
  • When you put a startup founder in a batch of people pushing really hard, he’s going to accomplish more than he ever thought
• In startups, it’s far more important to focus on customers’ interactions that investors’ relations. Proof that you are solving a real customer’s problem gives you enormous leverage with investors

Read the full notes @ podcastnotes.org

My guest this week is Michael Seibel. Michael is a Partner at Y Combinator, and the CEO of YC's startup accelerator. He was the cofounder and CEO Justin.tv, which eventually became Twitch, and Socialcam. In this conversation, we discuss all Michael has learned reviewing thousands of applications to YC, interviewing countless new entrepreneurs, and watch young companies begin to grow and, occasionally, find product market fit. Listeners will also enjoy when Michael traps me big time in my thinking about AirBnb and his framework for great problems to solve. Enjoy this great conversation with Michael Seibel

 

This episode of Invest Like The Best is sponsored by Canalyst. Canalyst is the leading destination for public company data and analysis. 

If you’re a professional equity investor and haven’t talked to Canalyst recently, you should give them a shout. Learn more and try Canalyst for yourself at canalyst.com/Patrick.  

 

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

(2:22) – (First question) – Emerging trends among founders

(6:00) – The long-term impact of Covid on business

(7:16) – What an application to YC looks like and what stands out for him

(11:46) – What he wants to learn in the interviews

(13:54) – Poise in the interviews

(15:40) – How the YC experience has evolved and improvements they’ve made

(18:38) – How he defines technology

            (18:50) – Every Company is Becoming a Software Company

(21:12) – His thoughts on non-software companies and how they play into what YC does

(23:48) – Why frequency and intensity of the problem matter to him

(28:32) – Serving the supplier and building the demand

(30:38) – Bravery in founders

(36:07) – Partnerships and collaboration in venture capital investing

(37:58) – Second time founders focus on distribution

(39:23) – Coaching the psychological component of being a founder

(44:16) – Learning as a founder vs the education system

(46:08) – Customer vs investor focus of founders’ mindset

(48:16) – How teams know they are really onto something

(52:38) – His being a founder trainable or innate

(54:08) – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club and new email newsletter called “Inside the Episode” at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Podcast Notes Key Takeaways

• Sauna use provides benefits such as improved lung function, boost in immune system, and mimicking aerobic exercise
• Lower temperature saunas such as infrared saunas require a longer duration of use for benefit
• There are added benefits to adding humidity to the sauna
• If you don’t have access to a sauna, hot baths have been shown to improve innate immunity

Read the full notes @ podcastnotes.org

Get a sample of our new premium member's content, known as Aliquots, by listening to this in-depth Q&A mashup on Sauna use.

What's an aliquot, you may ask? Aliquots are special, curated segments prepared and distributed to premium members via the premium members podcast feed.

This collection of clips covers some of the many health benefits associated with sauna use, including heat shock protein activation, cardiovascular health, muscle mass preservation, and more.

Episode Highlights

• 00:07:00 - What are the effects of sauna and hot baths on heat shock proteins and the immune system?

• 00:16:14 - What are your recommendations for infrared sauna temperature and time?

• 00:24:03 - At what temperature and how long do you need to stay in the sauna to activate heat shock proteins?

• 00:26:50 - Does sauna use promote excretion of heavy metals such as arsenic?

• 00:29:12 - Are there ways of mimicking sauna use without regular access to a sauna?

• 00:33:55 - If compounds such as metformin, resveratrol and vitamin E counteract exercise-induced hormesis, would this be true for other stressors such as the sauna, fasting, broccoli sprouts, polyphenols?

• 00:37:06 - How does fasting affect human growth hormone and IGF-1 in respect to muscle mass?

• 00:43:30 - Can saunas be used during fasting to preserve more muscle and increase fat burning?

• 00:45:50 - Can saunas be used to treat headaches?

Learn more about our premium podcast feed The Aliquot by clicking here.

Learn more about premium membership benefits by clicking here.

Podcast Notes Key Takeaways

• When you’re a celebrity, it’s hard to avoid gossip about you even if you don’t purposely search for it:
  • “I don’t click on this shit…It comes into my life.” – Miley Cyrus
• Death is when you remove all the people you love out of your life:
  • “I didn’t kick all the people that had my best interest at heart out, that’s where you die.” – Miley Cyrus
• An unfortunate truth, a lot of beautiful art is created through pain. Miley says going through traumatic events, like her house burning down, inspired her to created amazing music. Joe agrees:
  • “You can’t be some person who just lives in a fucking monastery and breathes in and breathes out all day and then put out amazing art. You have to have pain and life and stress.” – Joe Rogan
• Miley enjoys doing things that are difficult and challenges her:
  • “If it’s something that’s easy, I don’t fucking want it. I never have.” – Miley Cyrus
• With more and more people using filters for their photos, the standards for beauty have reached an impossible level and are making everyone else feel insecure:
  • “That’s why these girls are so insecure because they think all these people that they see online are perfect but every one of those bitches is using filters” – Joe Rogan
•  Miley doesn’t let stats judge whether or not her art is successful:
  • “When people send me the stats of my song, I don’t open it. When people send me the charts or the views, I don’t open it because I don’t want to get attached to success or numbers.” – Miley Cyrus
• “When you listen to someone sing a song, like a really good song, it’s an expression of who they are at that point in time in their life and you can get wrapped up in their mind” – Joe Rogan
• Joe is a big fan of Miley Cyrus’s music and often listens to her songs before going to a stage to do comedy
  • “I like it, I like your music” – Joe Rogan

Read the full notes @ podcastnotes.org



Miley Cyrus is a singer-songwriter, actress, and record producer.

My guest today is Morgan Housel, the author of The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness. Housel is a partner at The Collaborative Fund and a former columnist at The Motley Fool and The Wall Street Journal.In his book,...

Podcast Notes Key Takeaways

• “We see this SPAC phenomenon not as a flash in the pan, not as a quick up and down…but really an enduring vehicle to bring our innovation companies to market and we find that to be extremely exciting”– Troy Steckenrider 
• What is a SPAC?
  • A SPAC is a pool of capital that is used to invest in a private company and help them go public. 
  • The capital is raised on the public markets through a traditional IPO and goes into a bank where it is held for up to two years. 
  • During that 2-year time, the SPAC management team has an opportunity to go find a partner company, negotiate a deal with them, and take them public. 
• What are the benefits of a SPAC?
  • From the private company’s perspective, it’s an easier path to get into the public markets
  • From the SPAC’s perspective, it’s a way to invest in a company before it IPOs
• “A company with a strong management team with a clear competitive advantage in an unusual market will always find great investors and draw those great investors” – Kevin Hartz

Read the full notes @ podcastnotes.org

Kevin Hartz is Co-Founder & Partner @ A*, a newly listed special acquisition company which raised $200M to acquire and take public a tech startup. Kevin is also the Co-Founder, former CEO, and Chairman Eventbrite (NYSE: EB). Before Eventbrite, Kevin was the Co-Founder & former CEO of online money transfer service, Xoom (acquired by PayPal for $1.1B). Kevin is also one of the most successful early-stage investors in the business with a portfolio including the likes of Airbnb (Seed, Series A), Uber (Series B), Pinterest (Seed, Series A), Trulia (first check) and PayPal (Seed).

Troy Steckenrider is Kevin's co-founder and Partner @ A*. Prior to A*, Troy was COO @ ZeroDown changing the landscape for homeownership with $136M in funding. Before ZeroDown, Troy spent 5 years at Opendoor as Director of Capital Markets. Before that hyper-growth experience at Opendoor, Troy enjoyed roles at both Bain Private Equity and McKinsey.

In Today’s Episode You Will Learn:

1.) How Troy and Kevin came together to co-found A*? What is a SPAC? What are Kevin and Troy looking to achieve with the SPAC?

2.) What does Kevin believe are the primary drivers for the rise in SPAC's over the last few years? How will they change the structure of both the VC and startup industry? How will the SPAC landscape evolve over the next few years? What is the biggest challenge they face?

3.) Why does Kevin believe that the fee structure for SPACs is egregious? How would they like to change the incentive structure? How does the timeline for a SPAC transaction compare to that of an IPO? How does the fee structure compare when comparing SPACs to banks in IPOs?

4.) Why did Kevin and Troy choose $200M for the right size for their first SPAC? How does the size of the SPAC determine the type of company the SPAC will merge with? What are Kevin and Troy looking for in their partner company?

5.) What does the fundraising process look like for a SPAC? How do SPAC sponsors deal with the challenge that LPs call pull out if they do not like the proposed partner deal? When evaluating SPACs, what do investors look to invest because of? What makes A* special?

Items Mentioned In Today’s Show:

Troy’s Fave Book: Churchill: Walking with Destiny

As always you can follow Harry and The Twenty Minute VC on Twitter here!

Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Industrial seed oils are killing us. They act like toxins in the body, accumulate in our body fat, increase feelings of hunger, hamper the body’s ability to utilize stored energy, and contribute to chronic disease. Dr. Cate Shanahan, author of "Deep Nutrition" and "The Fat Burn Fix," offers insight on how to go about eliminating these oils from our diet and the benefits, such as increased energy and vitality, that we can expect as a result.

Podcast Notes Key Takeaways

• The pandemic brought about changes in the amount of sleep, timing of sleep, and dreaming
• “It’s not time that heals all wounds, it’s the time during REM sleep and dreaming that provides emotional convalescence.” – Matthew Walker
• Our brain will respond to events throughout the day and give us increases in non-REM or REM sleep depending on what we need
• If you’re not getting enough sleep in the week prior to getting a flu shot, you produce less than 50% of normal antibody response and dull efficacy of a vaccine
• There are pros and cons to napping but if you struggle with sleep at night, avoid taking naps throughout the day
• Sleep is not a light switch, have a wind-down routine to rest the brain and body

Read the full notes @ podcastnotes.org

In this episode, sleep expert Matthew Walker returns by popular demand to dive deeper into many sleep-related topics, starting with what we’ve learned about sleep through the lens of the COVID-19 pandemic and how sleep impacts the immune system. He then covers topics such as how dreaming affects emotional health, the different sleep chronotypes, the best sleep hygiene tips, and the pros and cons of napping. Matthew finishes by addressing several of the errors that readers have pointed out in his book, Why We Sleep.

We discuss:

• Three ways the coronavirus pandemic impacts sleep [3:30];
• The importance of dreaming for emotional health, and how the coronavirus pandemic increases dreaming [11:45];
• The impact of alcohol consumption on sleep quality and stress levels [20:00];
• Sleep’s impact on the immune system and implications for a future COVID-19 vaccine [27:45];
• What determines how much deep sleep and REM sleep you need? [36:30];
• Pros and cons of napping, and insights from the sleep habits of hunter-gatherer tribes [42:15];
• Sleep hygiene, wind-down routine, and tips for better sleep [56:45];
• Understanding sleep chronotypes and how knowing yours can help you [1:06:00];
• Night terrors in kids—what they are and why they happen [1:16:30];
• Addressing errors found in Matt’s book, Why We Sleep [1:20:45]; and
• More.

Learn more: https://peterattiamd.com/

Show notes page for this episode: https://peterattiamd.com/matthewwalker4

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Podcast Notes Key Takeaways

• A novice meditator will often come across an instance during a session when they just want ‘out’:”
  • There’s so much to do…and the idea of sitting for 10 or 20 minutes doing nothing just seems like it’s not the greatest idea today. Even then, a novice meditator can experience this antsyness for the session to be over without any obvious external reason.” – Tinkered Thinking
• When you’re feeling anxiety while meditating, ask yourself:“What exactly would I be running away from?” – Tinkered Thinking
• “The ability to pause, be thoughtful and determine the way you wish to interact or be at peace with circumstance is the core aim of stoicism.  It’s also, as it turns out, much the same result that a practice of mindfulness meditation achieves.” – Tinkered Thinking
  • As a stoic, you get to decide how you want to react to anxiety

Read the full notes @ podcastnotes.org

What is it about experience that you can never get away from?

Today’s episode is a double header. Sam Parr (@theSamParr) is out today, so Shaan Puri (@ShaanVP) hosts the pod today with two guests Xavier Helgesen (@XavierHelgesen) Co-CEO of Enduring Ventures and Avlok Kohli (@Avlok) CEO of AngelList. In today’s episode you’ll hear: Avlok gives his background on how he became CEO of AngelList (1:55), Shaan asks Avlok how he Fast Buy got acquired so fast (6:15), Avlok shares some ideas he has for the future of business (11:15), Shaan and Avlok talk about how to improve meetings (13:20), Shaan asks Avlok some of the cool companies he’s seen at AngelList (18:45), Shaan asks “What’s it like working with Naval?” (23:20), Shaan and Avlok talk about the problems with traditional funds and the potential with rolling funds (25:30). Shaan interviews Xavier Helgesen (54:52), Xavier gives his background (55:40), Shaan asks Xavier about his solar company in Africa (56:40), Xavier talks about his CFO-brain and how it’s helped his career (59:30), Shaan asks Xavier what he’s interested in lately (61:00), Xavier tells about his acquisition of UpCouncil (66:55), Shaan asks Xavier how to implement a profit-sharing company (78:20), Shaan explains how local and neighborhood networks are simple and profitable (85:10), Xavier explains what he looks at in financial statements when looking at a companies to acquire (68:28), Shaan asks Xavier if he has an opinion on SPACs (95:15), Xavier gives a list of a few books that every entrepreneur should read (102:45).

This episode is presented by Tempo! Check them out at tempo.fit and use code "TempoHustle" for $100 off.

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