Codie Sanchez

And what I've found is that you don't have to be the most intelligent person out there

If you can find where the narrative is different from the numbers.

If you can find where the narrative is different from the numbers.

And what do I mean by that?

And what do I mean by that?

These days, the narrative is what you hear on Twitter and Instagram everywhere, which is AI is incredible.

These days, the narrative is what you hear on Twitter and Instagram everywhere, which is AI is incredible.

And the next GPT launch and my new startup that's raised $50 million from these venture capitalists.

And the next GPT launch and my new startup that's raised $50 million from these venture capitalists.

This is the altar at which we pray as Americans in capitalism right now.

This is the altar at which we pray as Americans in capitalism right now.

And so if that's the narrative, then I started looking at the numbers and I said, okay, well, I kind of get it from a venture capitalist perspective, the people giving the cash out, they make a lot of money because they give it a lot of money to a lot of people.

And so if that's the narrative, then I started looking at the numbers and I said, okay, well, I kind of get it from a venture capitalist perspective, the people giving the cash out, they make a lot of money because they give it a lot of money to a lot of people.

And like two out of 10 of every their portfolio companies make it big.

And like two out of 10 of every their portfolio companies make it big.

And those two out of 10 have to hit a hundred X to wipe out the fact that the other eight largely lost.

And those two out of 10 have to hit a hundred X to wipe out the fact that the other eight largely lost.

And so I was like, huh, that's the truth.

And so I was like, huh, that's the truth.

Then we have eight founders in that mix that spent on average three to 10 years hating their life, sleeping on floors, making no money, and eventually failing in their startups.