Podcast Notes Key Takeaways

• The truth is that real innovation is stressful, it involves a ton of failure, and it leads to an unhappy life:
  • “I’d way rather own 10 car dealerships and sit on them for 50 years, live a nice life, have lots of kids live somewhere I like, hang out with my friends than spend 50 years trying to innovate and do something crazy and launch rockets to Mars, but have a miserable life.” – Andrew Wilkinson 
• Success has a price:
  • “There’s a lot of personal sacrifice here. They’re 45 and they don’t have kids. They’re super stressed, they’re sick all the time, they don’t sleep, etcetera.” – Andrew Wilkinson
• The world is filled with innovators:
  • “The world is super competitive and if Steve Jobs hadn’t done the iPhone, a year later someone else would’ve” – Andrew Wilkinson
• 3 ways to a meaningful life, choose one: 
  • 1) Do whatever it takes to make yourself happy
  • 2) Make the biggest impact or contribution to society possible
  • 3) Win and challenge yourself to achieve as much as possible
• If you want to scale a business, just hire someone who’s done it before:
  • “The advice I always give people is, if you want to build a business that is going to scale and do well, just find someone who has already done it before” – Andrew Wilkinson
• Angel investing isn’t as sexy and profitable as most people think:
  • “I have a $10 million venture portfolio and if I had just taken that same money and put it in the S&P 500 or Apple stock or anything else, I would be way richer. And it would be way safer. I’d have a more liquid net worth.” – Andrew Wilkinson 

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On today's episode, Shaan and Sam are joined by Andrew Wilkinson, "The Warren Buffett of the Internet". They talk about why it's much better to be Warren Buffett and not Elon Musk, how Andrew started a local newsletter that became bigger than his local newspaper, and what the guys would do to generate millions in a short period of time.

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