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Cyan Banister

👤 Person
692 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

I absolutely think that spirituality is an investable category and it's been long overlooked. So I remember when Pray.com was raising and everybody thought, who's going to actually use this? Which target demographic actually wants this? And I think that there are a lot of people, especially coming out of the pandemic, who spent two years wondering, why is this happening to us?

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

I absolutely think that spirituality is an investable category and it's been long overlooked. So I remember when Pray.com was raising and everybody thought, who's going to actually use this? Which target demographic actually wants this? And I think that there are a lot of people, especially coming out of the pandemic, who spent two years wondering, why is this happening to us?

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

What is this all about? Why am I here? What is my purpose? And then looking inwards and then looking outwards. And I think people are seeking these answers more than ever before, because when you look online and you read what's going on in the world, it seems like it's increasingly getting darker out there.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

What is this all about? Why am I here? What is my purpose? And then looking inwards and then looking outwards. And I think people are seeking these answers more than ever before, because when you look online and you read what's going on in the world, it seems like it's increasingly getting darker out there.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

I would say that it's not, but this is where spirituality comes in and lets people know where the light is. I think spirituality comes in many different ways. It comes in the form of prayer. It comes in the form of meditation. It also comes in the form of potentially even psychedelic medicine. So I do think that it's a hugely investable category. And you look at the success of Angel Studios.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

I would say that it's not, but this is where spirituality comes in and lets people know where the light is. I think spirituality comes in many different ways. It comes in the form of prayer. It comes in the form of meditation. It also comes in the form of potentially even psychedelic medicine. So I do think that it's a hugely investable category. And you look at the success of Angel Studios.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Well, Angel Studios basically crowdfunded ticket sales as well as the development of a film. And it ended up being the best box office film at the time. And it went completely out of a studio model. And they basically put out this piece of art that people were clamoring for. And the studios themselves didn't think that it was an investable category.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Well, Angel Studios basically crowdfunded ticket sales as well as the development of a film. And it ended up being the best box office film at the time. And it went completely out of a studio model. And they basically put out this piece of art that people were clamoring for. And the studios themselves didn't think that it was an investable category.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Peter always says, Peter Thiel says, you know, it's okay to be contrarian, but you've got to be contrarian and right. Being contrarian for contrarian's sake is probably not a good path to take. But people have labeled me or coined me as contrarian. I don't know that I would be self-described as contrarian, but I tend to think differently than other people do.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Peter always says, Peter Thiel says, you know, it's okay to be contrarian, but you've got to be contrarian and right. Being contrarian for contrarian's sake is probably not a good path to take. But people have labeled me or coined me as contrarian. I don't know that I would be self-described as contrarian, but I tend to think differently than other people do.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

And so when I identify an opportunity and I go out and try to convince other people that I've found an opportunity and they consistently tell me, no, this isn't going to work, which usually indicates to me that I'm onto something. I know something that no one else does. I'm thinking in a different way than other people are. And there is usually high alpha. there when you find these secrets.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

And so when I identify an opportunity and I go out and try to convince other people that I've found an opportunity and they consistently tell me, no, this isn't going to work, which usually indicates to me that I'm onto something. I know something that no one else does. I'm thinking in a different way than other people are. And there is usually high alpha. there when you find these secrets.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Well, I dropped out of high school. I did not go to university. And so I always like to joke that I went to Peter Thiel University. And it was a dream come true for me. I was working at AngelList at the time. I was an angel investor. I'd actively been investing at that point for probably about eight years. And when they reached out to me and asked me to join them,

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Well, I dropped out of high school. I did not go to university. And so I always like to joke that I went to Peter Thiel University. And it was a dream come true for me. I was working at AngelList at the time. I was an angel investor. I'd actively been investing at that point for probably about eight years. And when they reached out to me and asked me to join them,

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Three, it was like a Cinderella story. I got to go and work with people that I look up to so much and be able to learn from them and to basically absorb knowledge every single day. And they brought me on to run their early stage efforts.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

Three, it was like a Cinderella story. I got to go and work with people that I look up to so much and be able to learn from them and to basically absorb knowledge every single day. And they brought me on to run their early stage efforts.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

But as you know, Founders Fund became a very large fund and it becomes increasingly difficult in a multi-stage fund to execute different strategies, especially at the early stage. And so they tried their best to help me grow into the muscle of Series A, Series B investing. And they did everything they could to keep me there.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

But as you know, Founders Fund became a very large fund and it becomes increasingly difficult in a multi-stage fund to execute different strategies, especially at the early stage. And so they tried their best to help me grow into the muscle of Series A, Series B investing. And they did everything they could to keep me there.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

And I would have stayed if we'd been able to figure out probably some sort of strategy that worked because I do love that team so much. Working there was probably one of the best four years of my life.

Invest Like the Best with Patrick O'Shaughnessy
Cyan Banister - Investing for a Higher Purpose - [Invest Like the Best, CLASSICS]

And I would have stayed if we'd been able to figure out probably some sort of strategy that worked because I do love that team so much. Working there was probably one of the best four years of my life.

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