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Steven Pressfield was a cab driver for years before becoming a best-seller author. He's taught me about following your gut and not letting time get in the way of who you’re supposed to become. Listen to Steven talk about the hero’s journey and how you can become the hero of your life (even if you feel like it’s too late, it’s not.)
I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.
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My guest this week is unique and so requires a short story.
I met our guest Michael Mayer because of twitter. I followed and enjoyed one of several pseudonymous accounts that he maintains to experiment with ideas. His various accounts have wide followings.
I think many of the best accounts on twitter are anonymous or pseudonymous, and I’ve always made a point to get to know the ones I like best. As it turns out, Michael was also an entrepreneur. He’d been building a new company and was raising a small amount of outside capital.
I didn’t invest personally, in part because he raised it so quickly after I spoke with him. Ever since, I’ve gotten to know him better and followed his company, Bottomless, with interest. You know that I am always hyper transparent about any potential conflicts of interest, so it’s worth noting that while I am not an investor in this company, I expect to be at some point in the future.
The topic of our conversation is both his social media activity and his company. I am a coffee fanatic, and the problem he is solving is one I live. I order a weekly bag of coffee beans, but I often have too much coffee or run out. Bottomless solves this by shipping you a simple scale which you keep wherever you store your coffee, connect to your Wi-Fi, and set your bag of coffee on. It automatically orders new coffee for you at the right time. Thus the name: Bottomless. If you like the conversation, check out bottomless.com
With this podcast, all I’m really trying to do is find, meet, and learn from interesting people. Michael certainly qualifies. I hope you enjoy this unique episode.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
2:06 - (First Question) – Why he writes under a pseudonym online
2:58 – Positive impacts of writing this way
3:45 – His background
5:02 – Habits he improved upon
7:03 – Where did his exploration into technology and start-ups come from
7:33 – Algorithms to Live By: The Computer Science of Human Decisions
10:32 – Elements of business that interest him most
13:26 – Building social capital vs the current state of education
17:06 – What information does he like to consume
18:17 – Zero to One: Notes on Startups, or How to Build the Future
18:34 – Jerry Neumann blog Reaction Wheel | Podcast episode
18:39 – Kevin Simler’s blog Melting Asphalt| Podcast Episode
21:01 – Why the current education system is busted
22:54 – Formation of his business
24:04 – Importance of making things legible
25:54 – On demand delivery vs subscription business models
30:16 – Early day in developing the scale for his business
33:50 – What he learned about coffee roasters
35:29 – thoughts on supplier power
36:17 – The customer relationship
39:50 – Best objections to his business
41:58 – Biggest operational/emotional challenges
42:56 – Best moment
44:39 – Time at Y combinator
46:28 – His unique co-founder story
49:47 – Marketing strategies and acquisition costs
51:37 – The idea of a commercial loop
53:27 – Discarded ideas, such as spaced repetition social networks
57:38 – Having a long-term plan vs reformatting a business into success
1:00:35 – What works on twitter based on his experience
1:03:09 – Most controversial opinion
1:05:59 – Kindest thing anyone has done
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
A rampage killer with a knife can kill a few. With a gun, dozens. With a jetliner, way more. What might future tech enable? In Part Two of our conversation, Naval and I discuss "The Ender."And how to preclude this monstrosity.
Naval & I discuss a horrifying risk. We questioned whether to post this. Might it give someone ideas? Well, the bad guys already HAVE ideas. And cataclysms are only averted if we face them. There’s still time.
Basecamp CEO and co-founder Jason Fried gives us a peek behind the scenes of his company and discusses his philosophy on doing great work, making a positive difference, and learning to breathe in the fast paced culture of today’s workplace.
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For comprehensive show notes on this episode, including a full edited transcript, go to https://fs.blog/podcast/
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