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Sam Parr

๐Ÿ‘ค Speaker
8897 total appearances

Appearances Over Time

Podcast Appearances

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

What did he do angel-wise?

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

Oh, he did Google, Uber.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

I think that first round was a 10 poster.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

But to get to the point, he said the only thing he looks for is this insane determinism.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

He wanted to believe the person was going to go do this no matter what, come hell or high water.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And I think that may be a common trait of a lot of the founders.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

They're just really, really determined and pushing against this thing.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

The other thing that's true of any tech founder is they're hyper-curious about the edge of what the technology can do.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And anytime there's a big disruption, AI being the most recent, but before that, there was social media and the mobile wave and the SaaS wave and

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

all these waves, and they create opportunity because incumbents are usually slow to embrace them.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And so you can run at these things fast, but that requires you to be hyper curious about where the world's going and what's changing so that you can master it before anyone else does.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

I forget the exact equation, but it's basically like Angela Duckworth, she's like... I think she started the original book with 50% passion or 50% perseverance.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And one thing we highlight, we actually had a chance to talk to her, which I'm super grateful for.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

But we found this podcast she had done 10 years later where she said it probably shouldn't have been 50-50, that it needed to put more weight on passion.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And her fear is that we've taught children, young adults, how to grind.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

So we've taught them to persevere for the sake of perseverance.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And she believes that now.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

Now she believes that leads to burnout.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And so if you have all this effort without the love for it, it feels more like work.

My First Million
Bill Gurley: 6 Out of 10 People Are Making This Mistake

And one of the things,