AI transcript
0:00:04 We all run into these stats throughout our lives, and most of us are just like, oh, that’s cool.
0:00:09 But I think there are some where it’s like, maybe you should actually examine this a little more
0:00:14 closely. And so I compiled 100 plus of these, and we can talk about some of them today.
0:00:28 Steph Smith, this is your 10th time on MFM, is that right?
0:00:30 Not quite the tenor.
0:00:35 And Steph Smith, the background, if you’re just now listening for the first time, she used
0:00:38 to work with me at The Hustle, where she ran this thing called Trends, Trends.co.
0:00:43 And then she went and joined A16Z, one of the most prominent venture capital firms.
0:00:50 And your whole thing right now is finding up and coming trends, but you do it by looking
0:00:50 at the data.
0:00:51 Is that right?
0:00:52 I try to.
0:00:53 I try to.
0:00:57 But yeah, I guess now after Trends, I run this thing called Internet Pipes.
0:01:02 And that was kind of like trends in the way that you want to surface things that other
0:01:03 people don’t know about.
0:01:08 But it’s also about how do you show people how to catch their own fish, if that makes sense.
0:01:15 And you come on every once in a while, and you just basically have all of this data that
0:01:21 you rattle off a story behind the number, a story behind the data, and you explain why
0:01:22 it’s an interesting trend.
0:01:25 And sometimes you’ll say like how different people are pouncing on this trend.
0:01:25 Is that right?
0:01:27 Yeah.
0:01:27 Yeah.
0:01:32 Lately, I, or recently, I compiled this digits database.
0:01:32 I call it digits.
0:01:34 You guys call them like one chart businesses.
0:01:40 But basically, these generation defining stats, like we’ve all talked or heard about when Bezos
0:01:42 saw the internet was growing at some crazy rate.
0:01:44 And he was like, what does that mean?
0:01:47 Well, it means that people will be buying stuff online in the future.
0:01:49 Let me go create this crazy thing called Amazon.
0:01:54 And so we all run into these stats throughout our lives.
0:01:56 And most of us are just like, oh, that’s cool.
0:02:01 But I think there are some where it’s like, okay, maybe you should actually examine this
0:02:01 a little more closely.
0:02:05 And so I compiled 100 plus of these, and we can talk about some of them today.
0:02:11 And the guy who, one of the two guys who started your firm, Mark Andreessen, he has this famous
0:02:16 quote, or this famous story, where, you know, people are like, you know, Mark, what’s most
0:02:16 important?
0:02:17 Is it having a good team?
0:02:19 Is it having a good product?
0:02:21 Or is it picking the right market?
0:02:23 And he goes, it’s picking the right market.
0:02:25 That’s easily the most important thing.
0:02:28 Because if you pick the right market, you can have a bad team and a bad product.
0:02:32 And you still like the market pulls the success out of you.
0:02:38 So for example, you could have the world’s greatest team who are brilliant, who are smart.
0:02:40 And they come up with this amazing product.
0:02:44 But if it’s in a tiny market that people just don’t want, then you’re going to lose.
0:02:52 But if you are Coinbase in 2014, and crypto is all the rage, which is what happened, Coinbase.com crashed all the time.
0:02:53 It wasn’t that good of a website.
0:02:55 But people were begging for it.
0:03:00 And so they put up with it, and they used it, and they pulled the company into fruition and made it a success.
0:03:03 And so you are going to show us potentially some of these markets.
0:03:05 Yeah, maybe, maybe.
0:03:07 But I mean, I think that’s the perfect setup.
0:03:11 Because if you think about it, a bunch of other people saw that exact same data point.
0:03:14 And he was like, oh, well, I should go create this company called Coinbase.
0:03:17 And a bunch of other people were like, oh, I’m just going to go for a run.
0:03:20 I’m going to, like, you know, go to my 9 to 5 and ignore that same thing.
0:03:25 So let’s start with one that you, I think, know pretty well.
0:03:26 Hearing loss.
0:03:38 So the stat, or the digit, is that nearly 2.5 billion people by 2050 are expected to experience hearing loss with over 700 million requiring rehabilitation.
0:03:48 And then I saw this interesting quote that kind of was just like a frame to take away, which is that some project that hearing aids are about to become as common as reading glasses.
0:03:52 So you think about just, like, how normalized reading glasses are.
0:03:54 People wear them all the time.
0:03:55 You have all these optometrists.
0:04:00 Like, it’s a very normal thing, even if you think about the benefits that companies offer, right?
0:04:02 Vision is often part of that.
0:04:08 And then if you think about where hearing is in that equation, it’s nowhere near that on the same trajectory.
0:04:13 Like, yet, but if it’s true that billions of people are going to require hearing loss.
0:04:22 And you even think about some of the other signals, like the fact that today we have AirPods in our ears, or many people at least in our circle, how many hours a day?
0:04:24 Like eight.
0:04:25 Exactly.
0:04:27 That was not true 10 years ago, right?
0:04:29 Wait, so why?
0:04:31 First of all, I wear a hearing aid.
0:04:34 I’ve had probably 10 or 12 surgeries on my ears.
0:04:35 I was born with the bad ears.
0:04:39 And I fought putting a hearing aid in because I didn’t want to look old.
0:04:42 And a lot of times on this podcast, people see me where I’ll do this.
0:04:46 And I do it instinctively because I’m always leaning in with my good ear.
0:04:49 And so I wear a hearing aid.
0:04:52 And it was, they all suck.
0:04:54 But why are more people needing a hearing aid?
0:04:56 Is it because something’s going on?
0:05:00 Or is this a normal number and there’s just more people?
0:05:08 No, I mean, I think the technologies that we use are influencing a greater number of people who experience hearing loss.
0:05:12 Like if you think about even, as you said, there’s a cultural element to it too.
0:05:17 Like I go to SoulCycle, the first year I went, no one’s putting in the earplugs.
0:05:19 Like it’s so uncool to put in the earplugs.
0:05:22 And then as, you know, I’ve been doing it for a few years.
0:05:26 Now it’s like maybe 10, 20% of the class is putting in the earplugs.
0:05:29 People put earplugs in because the class is too loud?
0:05:30 The class is way too loud.
0:05:35 And by the way, even think about the technologies that we have that now signal to us some of this stuff.
0:05:40 Like your Apple Watch will tell you when you’re in a SoulCycle class, this is damaging your ears.
0:05:45 Like if you do this for more than 10 minutes, you will impair your ears in a permanent way.
0:05:52 And so the point around the cultural side is interesting because I don’t know if you experienced the same thing, but I grew up in the 90s.
0:05:53 Like glasses were not cool.
0:05:59 And then now you see like some people when you’re like, man, you look so much cooler because of the glasses you wear.
0:06:02 Like I wish, I almost wish I needed glasses.
0:06:05 That’s how I used to feel like when I was in third grade about braces.
0:06:08 If you had braces, you were cool.
0:06:09 It’s like I need braces.
0:06:13 I don’t know if I ever felt that way about braces.
0:06:16 Well, that’s probably why I didn’t have a girlfriend until I was 21 years old.
0:06:19 Are there any interesting companies in the hearing aid space that you’ve seen?
0:06:29 Because when I was trying to get a hearing aid, there was all types of like promises of like this will listen to the words that people are saying and it’s going to repeat it in your hearing aid.
0:06:30 And it was stupid.
0:06:33 And honestly, I think I paid two grand for a hearing aid.
0:06:34 They’re really expensive.
0:06:35 And the app is horrible.
0:06:38 Like these are not good products.
0:06:43 One time, in fact, my hearing aid broke and got stuck in my ear and I had to go to the hospital just to get part of it out.
0:06:45 So I’ve had all types of.
0:06:46 Yes, it was horrible.
0:06:46 Oh my God.
0:06:50 You should, you should found a company in this space because you know of all the problems.
0:06:53 But I don’t know the hearing aid space as well.
0:06:58 I have been seeing a lot of people who have been getting, have you heard of Loop, the earplug company?
0:06:59 No.
0:07:12 It’s just these kind of like nifty looking earplugs, which again, you go to something like a workout class and they give you these disposable like bright yellow earplugs that you can’t even get into your ear.
0:07:27 And so I do think there’s going to be like, again, on the cultural side, how do you create products that not only, to your point, are solving the problem, like they have utility, but they also shift in this direction of, oh, I look cool.
0:07:28 I feel cool.
0:07:29 I want to wear this thing.
0:07:32 Dude, this company, Loop, is going to kill it.
0:07:34 They sell $50 earplugs.
0:07:35 Oh my God.
0:07:37 Yeah, and it’s super smart marketing.
0:07:42 Like if you go, if you just search Loop earplugs, like they’ve got a page and they’re like earplugs for events.
0:07:49 Because again, they’re not, they’re not marketing to like, oh, the everyday user necessarily for this stuff.
0:07:52 It’s like, oh, you’re going to a concert.
0:07:53 You’re going to the Super Bowl.
0:07:54 It’s going to be really loud.
0:07:56 And these look really cool.
0:07:57 People don’t even realize their earplugs.
0:08:00 All right, let’s move on from hearing stuff.
0:08:01 But one last fact.
0:08:13 Did you know, this is one of the reasons why I succumbed and got the hearing aid, is if you have a hearing loss and you don’t address it, the increase of getting dementia jumps significantly.
0:08:14 Yes.
0:08:15 Like four or five times.
0:08:18 And I believe there are two reasons.
0:08:22 One, that part of your brain that hears stuff, because it’s not working, it begins to atrophy.
0:08:24 And that’s correlated with dementia.
0:08:32 But also the second reason, and I find myself doing this all the time, is when I’m at a restaurant or something, I cannot hear the difference between someone talking to me and the background noise.
0:08:34 And so I usually just zone out.
0:08:41 And if you zone out all the time, you’re going to be mentally kind of zoned out.
0:08:44 I believe those are the two theories as to why that happens.
0:08:47 But so, yeah, getting your hearing fix is a big deal.
0:08:48 What’s another one you want to do?
0:08:59 Okay, so rounding out the hearing loss thing, by the way, something we didn’t quite touch on there is the fact that they went over the counter in 2022, which means like you don’t need to get a prescription.
0:09:02 And that also, I think, is, you know, opening the aperture.
0:09:09 And you guys often talk about these like policy or legislation related shifts or unlocks.
0:09:11 I call them regulation inflections.
0:09:14 So something changes drastically.
0:09:19 So, for example, one negative inflection is like New York bans Airbnb.
0:09:27 So there’s like an inflection where like short-term rentals are just going to go to zero versus if there would be an inflection where they now say it’s allowed.
0:09:28 There’s a massive change.
0:09:30 Yeah, exactly.
0:09:35 So one of them is the FAA has made a few changes recently, and I want to call out two.
0:09:38 And one of them is around drones.
0:09:43 So consumer drones have existed for quite a while.
0:09:44 I have a DJI drone.
0:09:49 People use them for anything from like just filming your neighborhood.
0:09:53 Real estate agents use them to like capture better imagery of their assets.
0:10:02 But recently, the FAA changed regulation for some companies where they can fly drones beyond line of sight.
0:10:04 And that doesn’t sound like a big change.
0:10:14 But if you can fly a drone beyond your like visual aperture to actually see what it’s doing, while it enables things like drone delivery, there are companies like Zipline.
0:10:16 I’m sure you’ve heard of Amazon playing around in this space.
0:10:18 That changes the game.
0:10:27 Another change that the FAA made recently is they started approving these electric vertical takeoff and landing companies, the EV tool companies.
0:10:30 And again, that was in the news.
0:10:36 But what wasn’t covered as much was the fact that this was the first new category of aircraft in nearly 80 years.
0:10:40 And the one just before this was called Light Sport Aircraft.
0:10:42 You know what Light Sport Aircraft is?
0:10:44 No.
0:10:45 It’s helicopters.
0:10:47 It’s small business jets.
0:10:52 These are things that like each individual is a massive industry.
0:11:02 And if you think about like how, you know, if you take like super wealthy people who take helicopters, who take these business jets, like that’s meaningfully changed their life.
0:11:04 And each one of those is a vertical.
0:11:09 E-VTOL, again, this is the first new category of aircraft in 80 years.
0:11:11 You can only imagine like we’re in the early stages of it.
0:11:12 How do you say that word?
0:11:13 E-VTOL.
0:11:16 So again, it’s like electric vertical takeoff and landing.
0:11:21 So there’s some companies who are playing in this space, obviously, like I think Joby Aviation is one.
0:11:22 Archer’s another one.
0:11:23 Exactly.
0:11:27 We had Brett Adcock on the pod and he started a thing called Archer, which is publicly traded.
0:11:31 And they’ve, I think they have some huge deals with United, things like that.
0:11:32 Yeah.
0:11:47 So, I mean, if you think about, this is like thinking more long term, but these are designed specifically to be, you know, operating within cities, taking people from like one end of New York to the other, airport trips.
0:11:56 And if you think about like what that kind of is a parallel to is not the like mega, you know, Boeing air jets.
0:11:59 It’s actually more like cars, right?
0:12:04 And if you think about how cities have been oriented around cars, what businesses have been drawn up from there.
0:12:14 I think, again, these are two legislative changes that are in the long term going to meaningfully reshape the way that we all engage.
0:12:33 One of our friends, Nikita, who a lot of people know who he is, he was telling us, I have to get it right, but I believe he told me that he invested in a company where if you are in LA and you call 911, the police will take however long to get there.
0:12:38 Let’s say 20 minutes or something because LA is really big, 30 minutes or even just 10 minutes.
0:12:43 But they send out a drone right away to go and see what’s going on.
0:12:44 Have you seen that?
0:12:50 Yeah, we at A16Z is invested in a few of these companies, so they get there more quickly.
0:12:57 But they also have a safety angle from the perspective of, you know, if someone calls 911, they’re telling you something.
0:13:05 Sometimes they’re just reporting like, hey, I think there’s a scary person like on the highway doing X or I think there’s someone in this alley and they have a gun.
0:13:12 And the ability for these drones to not only get there more quickly, but to validate the statement and say, oh, actually, like that’s not a gun.
0:13:16 That’s a poster, you know, in a tube or something like that’s it.
0:13:20 That changes their ability to actually react to the situation more.
0:13:25 Yeah, you just got a guy like wanting to show off like his Lamborghini poster from like the Scholastic Book Fair instead of like a gun.
0:13:27 Yeah, that makes sense.
0:13:28 Happens all the time.
0:13:29 Yeah, no.
0:13:30 Yeah, been there.
0:13:31 Been there.
0:13:34 What are some other ways people could pounce on this?
0:13:45 Well, I think the thing that I’m trying to drive home here is like these are obviously going to take years, if not decades, to influence us in major ways.
0:14:04 But it’s for people to ask questions like, for example, if there is drone delivery at scale, think about even the ways that we package goods and the fact that you package a good to sit in a truck to travel across the country and it needs to have certain levels of padding of, you know, to make it unbreakable.
0:14:11 All of those things potentially change if we’re able to, you know, pick something up and drop it off a mile away, right?
0:14:18 So I think it’s just encouraging people to ask about, you know, if this is true, what are those second, third order effects?
0:14:22 If it’s true that there’s going to be a lot more autonomy, like how quickly does that ramp up?
0:14:27 You take like Waymo, which is a lot of people think of as in like Phoenix or San Francisco.
0:14:34 I just read an article the other day saying that Waymos are already taking up 20% of Uber rides in Austin.
0:14:36 And so this stuff can like move pretty quickly.
0:14:41 I had a, I don’t, I don’t smoke weed anymore or do anything like that.
0:14:46 But I had like this thought the other day because I had to send someone a letter in California.
0:14:50 Isn’t it insane that for, what’s a stamp cost?
0:15:01 40 cents, 50 cents, that I can send a letter 3,500 miles and it will reliably get to pretty much any house I want to in a matter of like four or five days.
0:15:03 I think that is insane.
0:15:06 That is, that is so crazy.
0:15:10 And to think that like, so there’s that type of delivery that I think of all the time.
0:15:16 And I’m like the post office, USPS, UPS, FedEx, these companies are wild.
0:15:19 That’s got the biggest moat ever to build that.
0:15:21 That is so freaking hard.
0:15:26 But then there’s the last mile component and that’s this whole other thing.
0:15:30 And to think that drones, that that’s what’s going to be happening is that drones are going to be flying everywhere.
0:15:35 It’s pretty wild to like imagine like the moat that a company in this space has.
0:15:43 It’s hard to like comprehend because if you think 50 years ago to try to explain to someone, no, you’re not going to go to Walmart anymore.
0:15:44 You’re not going to go anywhere.
0:15:46 Everything’s going to come to your door.
0:15:49 To think how is that going to change in the next 20 or 50 years?
0:15:50 It’s hard to comprehend.
0:15:51 Totally.
0:15:58 And I think to your point, it’s like, are people in this podcast going to go create like the next Waymo or the next ZipLine?
0:16:04 These companies that have been working on these problems for years and years and years, maybe not.
0:16:12 But okay, if all the, or if a significant number of cars on the road are autonomous, who’s cleaning those cars, right?
0:16:17 Who is creating the LIDAR that goes into the cars so that they can actually drive safely?
0:16:26 Who is, you know, actually coordinating the cleaning and the use of these cars, the degradation of them?
0:16:29 Who’s the person that gets called if there’s an issue in a Waymo?
0:16:36 Like, all of these are new businesses the same way that like, when Airbnb was big, the answer wasn’t go create another Airbnb.
0:16:43 It was like, go create the cleaning companies and the operations companies to run an Airbnb, right?
0:16:51 Like, there’s still, I think, a lot of opportunity on, you know, on the edges of these major trends.
0:16:53 All right, let’s do another one.
0:16:54 Let’s go to the psychedelics thing.
0:16:57 So this one is just, is pretty simple.
0:17:12 Like, psilocybin has been illegal for a long time in the United States and elsewhere, and it was decriminalized in the first state, which was Oregon, in 2020, and has subsequently become decriminalized in a host of other states and cities with, you know, lots of legislation pending.
0:17:20 And this is another one where we’re talking, like, what’s going to happen, not in the next year, but several years, if not decades.
0:17:22 But people are already jumping on this.
0:17:24 Some people are doing psychedelic retreats.
0:17:26 You know, again, a policy change that we’re seeing.
0:17:31 I think we have a few Hampton members that have these psychedelic retreats, and I’ve seen some of these.
0:17:33 Did I ever tell you that I tried to go to one?
0:17:36 I think it was in 2018 or something like that.
0:17:39 Like, right when this stuff was getting popular, I knew this person.
0:17:41 It was a friend of a friend.
0:17:45 Jack introduced me to this person, my friend Jack, who was, like, hosting.
0:17:48 He said he said it was a shaman.
0:17:53 And I was thinking it was going to be some brown dude and, like, a sheet.
0:17:56 Like, he’s going to say, like, namaste as I walk into their house and take off my shoes.
0:18:01 And they ask us to go to this meeting in advance to see if it was a good fit.
0:18:08 So I go to the meeting, and it’s just this, like, normal-looking white lady in San Francisco in a condo, a fancy condo building.
0:18:15 And we sit down for dinner so she can get to know us to see if it’s a good fit, if we actually want to go through with this, like, psychedelic experience with her.
0:18:19 And she, like, does a few things, but she’s like, so, where are you from?
0:18:22 And she was like, I was like, oh, Missouri.
0:18:24 And she’s like, oh, flyover country.
0:18:26 And I was like, bitch, what the fuck?
0:18:27 Are you insulting me right now?
0:18:33 And she said, like, three more things, making fun of, like, where I was from and, like, mocking me.
0:18:35 And she was like, what do you do for a living?
0:18:39 And I was like, oh, I, like, kind of work in, like, technology and the internet.
0:18:41 And she’s like, oh, capitalism really bothers me.
0:18:44 And I looked at her LinkedIn in advance.
0:18:45 She worked at Lehman Brothers.
0:18:46 That’s where she worked at.
0:18:48 She worked at Lehman Brothers before she became a shaman.
0:18:51 That is why she’s now doing psychedelic.
0:18:53 I go, lady, you worked at Lehman Brothers.
0:18:54 You were literally a venture capitalist.
0:18:55 What are you talking about?
0:18:59 And then at the end, she was like, by the way, it’s going to be $2,000.
0:19:01 I’m like, lady, you just said you hated capitalism.
0:19:01 All right?
0:19:02 What the hell is going on?
0:19:07 And so I got asked that night not to come back.
0:19:14 And I was disinvited from my psychedelic experience, which probably shows that I need this more than anything.
0:19:15 But, you know.
0:19:19 Well, I was going to say, you definitely, like, those are some pretty bad vibes.
0:19:24 And you definitely do not want to be on psychedelics, you know, with that, with that introduction.
0:19:28 I got kicked out of my psychedelic group.
0:19:29 So that was my early experience.
0:19:32 I wanted to, I forget what it was, like ketamine or MDMA.
0:19:33 I don’t know.
0:19:34 But everyone said it was dope.
0:19:35 And I was like, let’s see what this is about.
0:19:37 I got kicked out of the group.
0:19:40 But I have seen a bunch of these, like, retreats.
0:19:40 I do think it’s cool.
0:19:44 I have friends that are like, I’ve got a couple vet buddies who have done it.
0:19:45 And it’s, like, changed their life.
0:19:46 And we had Scott Galloway on here.
0:19:48 And he says that it’s been really helpful.
0:19:49 So I’m on board with them.
0:19:50 I’m just not on board with it for me.
0:19:55 You know, it’s kind of like, I say, cornrows, you know, it’s cool for other people, but not for me.
0:19:57 Cornrows and face tattoos.
0:20:00 And psychedelic retreats.
0:20:00 Yeah.
0:20:04 Any other interesting opportunities with the psychedelics?
0:20:11 I mean, I think maybe the marketer in me, not that I’m trying to, like, push psychedelics.
0:20:18 But I think a lot of people think of them as either you do it if you’re, like, just a druggie.
0:20:20 And you just, you know, you do these all the time.
0:20:27 Or you do it if you’re in an impaired mental state and you need to, like, get past something.
0:20:29 Like, let’s say you were a vet and you had some terrible experiences.
0:20:33 Like, there’s a lot of ketamine-assisted therapy that’s popping up.
0:20:34 Psilocybin as well.
0:20:41 But, again, it’s often to solve some kind of negative experience in your life and get past that.
0:20:52 If this does become more normalized, I think some of this at, like, a much lower dose, you could imagine being very helpful in smaller life decisions.
0:20:55 Or, for example, you’re starting a new job.
0:20:58 You’re trying to decide if you want to join one company versus another.
0:20:59 You’re trying to decide if you want to quit.
0:21:01 You’re trying to decide if you want to have a child.
0:21:14 Those are not things that have any direct relationship to psychedelics, but are things that people have a really hard time understanding their perspective, understanding how they relate to, you know, let’s say their partner or their family.
0:21:17 And I think that could be a future scenario.
0:21:28 Like, imagine if you had someone guiding you through a psychedelic experience specifically related to your career, specifically related to, again, like, the difficult and very meaningful decision of having kids.
0:21:30 I think there’s something interesting there.
0:21:31 I completely agree.
0:21:43 That’s actually a really cool idea where, like, for example, if you, like, are in a certain social class, like, you don’t have the same problems as someone who’s not in that class.
0:21:49 So, like, when I quit drinking, I went to basically, like, a mental clinic in Soma.
0:21:52 And it was, like, me and, like, everyone else was homeless.
0:21:54 And I was, like, what am I doing here?
0:21:58 But the reason I went was because I didn’t have any income because I had just started my company.
0:21:59 And I was, like, solid on Yelp.
0:22:02 And I went to this place, and I stuck to the same doctor for, like, 10 years.
0:22:03 She was amazing.
0:22:07 And then there was at one point where I remember telling her, like, certain problems that I had.
0:22:13 And this woman had never worked with anyone else that had similar types of problems because she wasn’t used to a client like mine.
0:22:22 And I was desperately seeking, like, a therapist who had, like, people who were at, like, maybe a higher tier on Maslow’s hierarchy of needs.
0:22:26 And it was so hard to find, like, a person who could serve that need.
0:22:26 You know what I’m saying?
0:22:35 And so that is very interesting to have, like, a different genre of psychedelic guides or whatever the hell they call them.
0:22:35 You know what I’m saying?
0:22:36 Yeah, yeah.
0:22:44 I mean, because to your point, even within therapy, for a long time, people thought therapy was only for when you’re kind of about to divorce, right?
0:22:48 They’re like, we only provide therapy for when there is a clear issue.
0:22:50 And then now therapy has expanded a lot, right?
0:22:52 Like, people do it preventatively.
0:22:56 People do it because they just like their therapist and just need someone to talk to.
0:22:59 Like, there are many different reasons now that people do therapy.
0:23:06 And I think, obviously, in the, you know, people on their own do psychedelics for many different reasons.
0:23:16 But you could imagine that if this is going to be something that is no longer illegal, people are building businesses around, that they can build those businesses for kind of these other needs.
0:23:18 There doesn’t need to be a problem.
0:23:21 Is this going to become, like, a whole therapy session for me?
0:23:28 Hey, I’m telling you about these doctors that I used to go, like, when I was homeless or, like, about my psychedelic getting kicked out and how I’m deaf.
0:23:29 Oh, my gosh.
0:23:30 Every time you come on here, man.
0:23:34 Can you talk about this job stuff?
0:23:35 Sure.
0:23:36 I find this the most interesting.
0:23:38 Okay.
0:23:40 So, a few things.
0:23:46 I think the most, you know, relevant thing to the listeners would be that AI is here.
0:23:48 A bunch of people are freaking out about jobs.
0:23:51 They’re wondering, you know, do I still have a job?
0:23:52 Are my skills still relevant?
0:24:02 And so, I think it’s just interesting to discuss, number one, like, what are the new jobs that are on the horizon?
0:24:05 What are the existing jobs that are going to become more important?
0:24:08 And then I have some other ideas that we can talk about.
0:24:19 But, like, first, did you know that the Bureau of Labor Statistics reports all the time, every year, or I think more frequently, what the fastest-growing jobs are?
0:24:20 And do you know what they are?
0:24:22 Fastest-growing jobs?
0:24:23 Yeah.
0:24:31 White-collar stuff, so, like, computer engineers, graphic designers, anything involving computers.
0:24:46 Yeah, so, there’s, like, of the top five, there’s data scientists, there’s security analysts, but there’s also wind turbine service technicians, there’s solar panel installers, nurses are also on there.
0:24:54 Further down the list, I think some of the interesting ones are certainly in the, like, again, climate installation operation space.
0:25:01 Like, one interesting thing that I didn’t realize, because I’ve never owned a house with solar panels, is that you don’t only need to install them,
0:25:06 but in order for them to be efficiently used, they need to be cleaned.
0:25:11 And some, you know, if you want to get the max efficiency out of them, they need to be cleaned, like, every 6 to 12 months.
0:25:13 So, it’s like, who’s cleaning those solar panels?
0:25:16 Like, that’s an opportunity on its own.
0:25:18 Other things on the list, I’m just scrolling down it.
0:25:21 Physician assistants, actuaries.
0:25:33 But over the last two decades, some of the fastest-growing jobs were manicurists, HR managers, event planners, massage therapists, and compliance officers, which is also interesting.
0:25:40 I have a, I have a, this small website called Sam’s List, where you can, it’s like Yelp for accountants.
0:25:46 And, you know, we, it’s a tiny website, but I think we have 300 or 400 accountants on the website.
0:25:50 And the woman who runs it, Kimmy, has talked to, like, all 400 of them.
0:26:03 And the common complaint that they all have, and it’s, like, horrible for my business, because Sam’s List, like, the way it makes money is a user who needs an accountant for their business or for their personal life.
0:26:16 They go on, and they can submit their information, and then also we allow other accountants to pay us money to go and, like, basically, like, bid on that client’s, like, you know, this person is looking for this.
0:26:20 Can we also pay money for them, for us to be shown or introduced to them?
0:26:26 And it’s a horrible business for me, because what we’ve noticed, talking to 400 accountants, is that they don’t need more business.
0:26:28 They go, we have enough business.
0:26:30 What we need is more accountants.
0:26:33 They’re like, I can’t hire fast enough.
0:26:35 Like, it’s, no one wants to be an accountant.
0:26:39 And we just simply do not have people who want to work here.
0:26:46 Yeah, and by the way, those are exactly the industries that people should be looking at for building AI products, right?
0:26:56 If you think about even just the selling motion that you need to do for any new product, if you’re going to a company and they have ample demand,
0:27:09 And there’s, like, a very, very liquid market for talent, while that means that they can probably get talent for cheaper, they have to worry about, like, oh, am I going to bring in this AI tool and then fire or lay off a bunch of my existing staff?
0:27:11 Like, those are all considerations.
0:27:19 But in the world of accounting, where, let’s say, like you said, there’s a firm, and that firm is like, I can’t hire fast enough.
0:27:20 I literally don’t have people.
0:27:27 I have clients who want to pay me, and I don’t have, you know, the staff to actually facilitate that project.
0:27:32 Well, then it’s an easy sell, right, to be like, I can support you in this way.
0:27:44 So, I think that’s just, like, AI is obviously being implied to a lot of the obvious areas, but a lot of these industries where there is not enough talent, there is, you know, that is, in my opinion, where folks should be looking.
0:27:55 There was two different members in Hampton who had companies, so, in nursing, there’s a huge shortage of nurses in America, and it’s a great job.
0:27:58 It pays really well, and you get good benefits oftentimes.
0:28:04 I mean, there’s, the downside is, like, you’re obviously working with sick people, and it’s probably, it’s a tragic, it can be tragic sometimes.
0:28:11 But there’s a huge need, and you have relatively secure, you know, you will always be able to work.
0:28:26 They have these things called travel nurses, so a lot of hospitals are lacking nurses, and so they’ll pay, you know, extra money to have someone come and stay there for three months, or to stay there Monday to Friday, or wherever, like, you know, the five-day block or a three-month block.
0:28:39 And there’s a bunch, I think Trusted Health is one of them, where they build these massive businesses all around facilitating getting a travel nurse to the hospital in need.
0:28:48 And I believe, Trusted Health, I have no connection with these guys, I just saw them online, I believe that they are a unicorn.
0:28:51 I think they’ve raised funding in the billion-dollar-plus range.
0:29:06 I mean, I’ve heard that that’s a huge industry, and the fact that, like, again, we talked about it last time, Silver Tsunami, a lot more nurses are needed, and the concentration of that talent is not always where it needs to be, and so it makes sense.
0:29:09 All right, let’s do one or two more. What else? Tell me some other interesting ones.
0:29:18 Well, one note about the, just the world of jobs, I want to get your take on this, is we’ve talked before about pay transparency.
0:29:25 And there are, I think, over a dozen states that have also, you know, put pay transparency law in action.
0:29:32 And that’s why, like, California is one of them. You go to a website, you see a new job posting, and you see how much that job makes.
0:29:42 One super simple opportunity for folks that I haven’t seen, but I’m sure someone’s building this, is basically just the Glassdoor for open salaries.
0:29:53 Like, there’s levels.fyi, kind of a more aggregate level, but if you take what Glassdoor did, Glassdoor basically became the, they had a bunch of other features, but, like, why did people go to Glassdoor?
0:30:02 One, they wanted to see if a company had, like, good or bad reviews, TBD on if that was actually useful, but then they also mostly wanted to see, how much am I going to make at this company?
0:30:04 Like, if I’m negotiating, what should I ask for?
0:30:15 And that relied on people who worked at that company to submit their salary, right, to Glassdoor, and then they built up this database, and that was their moat.
0:30:18 Today, all of that is online, right?
0:30:21 Every time a company is posting a job posting, they are saying how much they pay.
0:30:37 And I have not seen anyone aggregate this information in a meaningful way where if I’m, again, if I’m trying to join a new company or if I’m trying to negotiate, I’m still going to Glassdoor, which is crazy to me because even Glassdoor has really limited data, in my opinion.
0:30:55 And so, someone should just go and, again, like, you would need to build this up over a little bit of time, but someone should be scraping these salaries off of different websites or different companies and building up this database, completely usurping, again, the, like, requirement of people needing to submit their salary themselves.
0:30:58 Is that, like, is the range huge?
0:31:02 Like, so, for example, A16Z, I assume they’re California-based.
0:31:07 So, like, would they list the, let’s see, do they list their salaries there?
0:31:10 They do, and lots of other companies do, too.
0:31:22 And people only notice this when they are in the job process, and so they have a snippet of time and often jobs that are not the same as the one that they’re applying to, right?
0:31:22 Wow, sorry.
0:31:24 So, I just went to Andreessen Horowitz.
0:31:28 I clicked a fund assistant controller.
0:31:32 I assume that that is related to accounting.
0:31:38 They’re going to work closely with assistant controllers and fund, so it’s a finance accounting job.
0:31:50 It says the expected pay for this position is between $216,000 and $252,000, but the actual starting pay may vary based on a range of factors, which include experience, skill.
0:31:51 They have to say that.
0:31:52 They always say that.
0:31:52 Yeah.
0:31:54 Interesting.
0:31:55 So, wow.
0:31:56 That is very intriguing.
0:32:11 I did not think, but would it say, like, in order to be, like, a legit partner at A16Z or something, like, will they even list, like, the jobs that are paid potentially millions of dollars?
0:32:20 They have to, but the thing that is worth calling out is that they are only required, as in through law, to my understanding, is to put base pay.
0:32:26 So, obviously, a lot of these jobs, not just at A16Z, have other mechanisms for rewarding people.
0:32:36 And so, this is only one part of the story, but also, if you’ve ever gone to Glassdoor, Glassdoor has been terrible at capturing that other segment in any case.
0:32:43 And so, at the very least, again, a lot of this information is out there, and I think you take this, like, age-old company.
0:32:44 Well, actually, I don’t know.
0:32:45 When was Glassdoor even founded?
0:32:46 Let’s see.
0:32:46 It’s not that old.
0:32:48 It’s not age-old.
0:32:49 Age-old.
0:32:51 I would say it’s internet 1.0.
0:32:52 What does age-old mean?
0:32:53 It’s as old as age?
0:32:58 It’s, in my opinion, you know, it was great for the first version of the internet.
0:33:16 And now, again, like, there are, there’s a change in legislation here, fitting with our theme, but also, it’s like, the technology exists in a way for us, for someone to be able to scrape this really easily and aggregate this information across, you know, not a few companies, but many, many companies.
0:33:18 What else do you want to cover here?
0:33:22 I, uh, I read a book that you suggested because of this whole animal thing.
0:33:25 It was called, like, The Five Senses, or what’s the, the, the animal?
0:33:27 It’s called An Immense World.
0:33:28 An Immense World.
0:33:46 And you have heard me give this spiel so many times, but I, okay, so there’s this book, An Immense World, it’s by this guy called Ed Yong, and whenever I explain it, it sounds really obvious, but, you know, obviously does not do the book justice, but it’s about the fact that we, as humans, are familiar with five senses.
0:33:49 Like, this is how we interpret the world.
0:33:52 Even within those five senses, though, they’re not equal.
0:34:14 We talked about hearing, for example, but sight, for sure, is the, the sense that not only humans tend to use the most to interpret the world, but also, if you benchmark that versus other species, other than birds, we have the most precise vision of, you know, again, the animal kingdom.
0:34:19 We have really strong vision, and again, that drives the way that we see the world.
0:34:31 I say that because this book is about recognizing that, yes, this is how humans see the world, but every animal, again, this is not surprising, is uniquely tuned to their environment, their prey, you know, how they survive.
0:34:43 And for many, you know, sight is not the most important way that they interpret the world, but there are senses that we don’t have that they use, again, to engage.
0:35:02 And then, again, within the five that we’re familiar with, it’s just, it’s worth acknowledging that, for example, the way that, you know, the spectrum of light that we see or the spectrum of temperatures that we’re comfortable in are just simply not the way that, you know, other animals exist.
0:35:13 So, if you take an Arctic squirrel or if you take a camel and you put them on hot plates, they will not move at temperatures that we think are crazy and uncomfortable because they are comfortable, for example.
0:35:21 Or if you take UV light, which we can’t really interpret, other animals or creatures will react to that.
0:35:26 So, that’s my spiel about, like, what the book is about and it obviously does a better job of making that interesting.
0:35:39 But this is my first million, and the reason that I’m bringing this up is because there is this, I think, converging world of nature and technology, which has always existed to an extent.
0:35:55 But at the same time, I think for a long time, people thought that technology was kind of adversarial to nature because it’s like humans were, like, moving forward and we’re progressing and we’re leaving nature behind and sometimes even destroying, you know, that natural world.
0:36:13 But I think there are tons of examples, whether it’s Velcro being, you know, modeled off of burdock burrs, whether it’s bullet trains being inspired by the Kingfisher’s beak, whether it’s NASA learning how to design airplane wings to be more like birds.
0:36:33 Like, we not only learn a lot from nature in the way that we build technology, and I think that’s an interesting thread we can pull, but also there’s a really interesting space of how technology is actually getting us closer to understanding the animal kingdom and communicating with it.
0:36:38 So, we can pull any of those threads, but that’s my nature of technology rant.
0:36:39 Keep going.
0:36:40 I’m fascinated.
0:36:41 Just keep talking.
0:36:47 Now, you on this document, you were talking about a trip you took, but does that weave into this?
0:36:48 Yeah.
0:36:51 So, I just came back from the Galapagos Islands.
0:36:52 Have you ever been there?
0:36:54 No.
0:36:56 And I’m super ignorant.
0:36:58 If I’m being honest, I don’t even know where it is.
0:37:01 But I know it’s related to Darwin.
0:37:04 I mean, I’m incredibly ignorant of Galapagos.
0:37:05 Yeah.
0:37:06 So, okay.
0:37:11 The Galapagos are, I think it’s 600 miles west of Ecuador.
0:37:13 So, they’re in the Pacific.
0:37:15 There’s a set of islands that a lot of people…
0:37:16 So, Central America, right?
0:37:17 I mean, I…
0:37:18 South America, but yeah.
0:37:22 I’m not the biggest South America, Central America expert.
0:37:22 I don’t even know.
0:37:23 I don’t know too much about it.
0:37:27 Ecuador is the north end of South America.
0:37:27 Okay.
0:37:32 So, basically, they’re part of Ecuador, but a lot of people know them, again, because of,
0:37:33 like you said, Darwin.
0:37:40 They are this, at least from my perspective, and I’ve been to 50 or so countries, the most
0:37:47 kind of nature scape trip I’ve ever done, where you actually feel like you’re entering
0:37:48 their world versus the opposite.
0:37:57 And so, the reason it fits into Darwin’s story is when you have a bunch of islands, the way
0:38:02 that these different species evolve across the different islands, especially land creatures
0:38:09 who can’t make their way from one island to another, they end up evolving differently due
0:38:15 due to the unique fauna, due to the unique environment, set of predators, etc., on that particular island.
0:38:25 And so, he was like, wait a minute, why are there, for example, blue-footed boobies, which are a type of birds, and red-footed boobies on two different islands?
0:38:41 And that was him witnessing some of these, he did a lot with finches, like, he noticed these things, and then that was his kind of, like, aha to understanding evolution.
0:38:43 So, that’s why it’s, like, in all the textbooks and stuff.
0:38:45 Like, I knew nothing about Darwin.
0:38:54 This is actually the first time that I’ve ever, like, heard, like, the, I’m sure there’s a lot more to the, you know, the aha moment story, but I have never heard that before.
0:39:02 Yeah, and he did a lot of his research there, and I think, in particular, with the finches, I think there’s, like, 17 kinds of finches.
0:39:07 And the interesting part is, like, when does an animal become a separate species, right?
0:39:11 So, you take these two finches, they exist on different islands, and then, like, they’re evolving.
0:39:14 At what point do they become a new species?
0:39:17 It’s when they no longer mate with each other, right?
0:39:23 So, one interesting thing, fun fact, is just, they had these, you know, one example is lava lizards.
0:39:29 And these lava lizards would do these mating dances, but in the case for them, they’re doing these push-ups.
0:39:33 At least that’s how humans, like, describe this mating dance.
0:39:40 But because they’re different species that have evolved on their unique islands, it’s, like, one lizard might do, like, three push-ups.
0:39:42 Another one might do five.
0:39:46 Another one might do it, like, a little bigger or funkier than the others.
0:39:49 But what’s crazy is that, like, they will not mate with each other.
0:39:59 Like, if you take one lava lizard from one island and the other one’s doing, you know, the male’s doing the push-ups for the females, just slight differences in how it’s being done.
0:40:00 It’s like, nope, sorry.
0:40:01 Like, we no longer mate.
0:40:10 And one interesting takeaway for me, and this is just me, again, like, this has nothing to do with business, it’s just, that’s never happened to humans.
0:40:14 Now, there are some, like, bad historical examples of, like, segregation and stuff.
0:40:20 But for the most part, like, we’ve existed on different continents, evolved, right?
0:40:31 And over long, long, long periods of time, like, you still, like, someone from Australia will still mate with someone from North America, who will still mate with someone from Europe, et cetera, right?
0:40:35 Like, I just thought that was, that was an interesting, like, I wonder why that is.
0:40:43 I’ve heard of a bunch of friends of mine doing push-ups to impress some lot lizards, but never lava lizards.
0:40:46 Steph, do you know what a lot lizard is?
0:40:48 I don’t.
0:40:49 Is that embarrassing?
0:40:50 No.
0:40:53 It means you’re much more sophisticated than me.
0:40:57 A lot lizard is a prostitute that serves truck drivers.
0:40:58 Oh, that makes sense.
0:41:09 I feel like if you know what a lot lizard is, that sort of says what part of the tracks you’re from, you know what I’m saying?
0:41:11 I hear you.
0:41:21 So, you’re talking about Galapagos Islands and Darwin and, you know, the eight senses that animals have.
0:41:32 And if I know a few people that know a few things about lot lizards, if you want to talk about that, just saying, what’s this ass nature thing?
0:41:44 So, if people want to go down the rabbit hole of exploring, not just, like, let me go look at pictures of animals, but understanding, like, how do animals produce color?
0:41:53 What are the examples of technology being inspired by natural design, for example, like a search algorithm that was inspired by ants?
0:41:55 This is so fascinating.
0:41:58 So, Ass Nature has this.
0:41:59 There’s all stuff you can click on.
0:42:02 So, there’s one about the African darter.
0:42:04 Apparently, that’s a type of bird.
0:42:10 And it has a very special feather that is incredibly water-resistant.
0:42:18 And then it tells you, like, different applications that this potential feather or, like, inspiration of this feather could have.
0:42:25 And it talks about, like, the strategy of how it works and, like, the potential for copying this feather.
0:42:26 This is amazing.
0:42:27 How did you find this website?
0:42:28 This is really cool.
0:42:31 So, someone shared it within Internet Pipes.
0:42:35 We have this survey whenever people join, which just asks, like, what’s your favorite tool?
0:42:38 A lot of it ends up being what you expect, ChatGPT, Ahrefs, etc.
0:42:42 But there are a bunch of gems that come through like this.
0:42:48 And so, by the way, is Internet Pipes, it’s literally just tons of different resources for finding these things.
0:42:56 So, what the product started as, it was, I hate the term course, but it was a course that existed to say, okay.
0:42:57 It’s called a book.
0:42:58 It was a book.
0:42:58 It was a book.
0:43:05 It exists in Notion, and there’s videos, and there’s text, and now there’s a community, and now there’s things, databases like the Digis database.
0:43:12 But the origin was, okay, the most common question I get asked is, you find all this cool stuff online, how do you find it?
0:43:19 And so, Internet Pipes was showing people how to find this information through a series of tools.
0:43:21 And that’s why it’s called Pipes, right?
0:43:32 It’s like, use this tool to make sense of all of the purchases that are happening on Amazon, all of the pages that exist on Wikipedia, all of the searches that are happening on Google.
0:43:35 And, you know, you go down the line, this data exists.
0:43:40 And by the way, we’re at a unique period where, like, it didn’t quite exist 15 years ago.
0:43:43 And 15 years from now, probably everyone will know it exists.
0:43:50 And so, it’s like, this Internet Pipes is a course, a book, whatever you want to call it, to learn how to do that.
0:43:53 And you’ve made a lot of money off of it so far, haven’t you?
0:43:54 Yes.
0:43:56 That’s pretty dope.
0:43:59 When you answer just yes, that means I’m not going to ask how much.
0:44:00 It’s six figures.
0:44:02 There’s a pretty wide range of, you know.
0:44:05 Does the six figure include the .00?
0:44:08 So, it could really be like $1,000.00?
0:44:10 It’s eight figures now.
0:44:11 Got it.
0:44:15 This is a really, really cool website.
0:44:17 I could spend hours just looking at this.
0:44:19 There’s an article about, like, camel’s fur.
0:44:20 Yeah.
0:44:26 And how it keeps people cool, or it keeps camels cool in the desert, but also warm at night.
0:44:29 And why that particular type of fur is special for this.
0:44:35 Like, it’s so, and the reason it’s kind of interesting is, like, the two that I’ve named are clothing-related.
0:44:40 But, like, if you had a clothing-related brand, like, some type of, like, it’s stealing the story for you.
0:44:41 Like, it’s, like, or not stealing.
0:44:43 It’s giving you the hook.
0:44:44 Do you know what I mean?
0:44:44 Exactly.
0:44:45 Exactly.
0:44:52 And, by the way, like, people in our world and business tech are always talking about the, like, Lindy-ness of something.
0:44:54 How long has something existed for?
0:44:59 And it’s like, you are learning from millions of years of evolution, right?
0:45:04 Of these animals that have become purely optimized for this purpose.
0:45:11 And to your point, I think, like, the marketer in both of us is like, what could, you know, what products could you make off of this?
0:45:15 Like, there’s one of, like, otters, where it’s like, it keeps heat in and cold water out.
0:45:16 So, otters.
0:45:21 And I’m sure every single wetsuit company has, like, stolen this marketing for their branding or whatever.
0:45:23 But, like, so, it’s, like, really fascinating.
0:45:23 Sorry, go ahead.
0:45:27 Well, did you ever see, you know Mischief, right?
0:45:28 Mischief, the brand?
0:45:32 Mischief is the company that, like, weird projects.
0:45:38 Like, they did, like, a blood shoe with Lil Nas X or something like that.
0:45:42 Yeah. Yeah. So, they’ve done a ton of shoe collabs.
0:45:47 They did one. I think it was, I don’t remember if it was with Jimmy Kimmel or they just announced it.
0:45:49 But it was called the Gobstomper.
0:45:50 Did you ever see this?
0:45:50 No.
0:45:52 I thought they were kind of cool.
0:45:58 They basically, the bottom of the sneaker comes gray at first.
0:46:05 And then as you wear it more, basically, like, as your shoe wears away, it looks like a Gobstopper.
0:46:06 And it was just, like…
0:46:10 Which is the candy that you suck on and each shell, layer of shell, it turns colors.
0:46:10 Okay, cool.
0:46:11 Yeah, exactly.
0:46:15 And so, my, like, you might think this is the silliest idea ever.
0:46:21 But when I went to the Galapagos and I saw these red-footed and these blue-footed boobies.
0:46:28 And by the way, fun fact for the listeners, the reason that these birds have different colored feet is because of what they eat.
0:46:30 Which I just thought was, like, so strange and interesting.
0:46:38 Basically, like, the two different birds on different islands eat different things and that ends up impacting the pigment in their feet.
0:46:45 But imagine a sneaker brand that was, again, stick with me here.
0:46:49 This might be a really awful idea that’s related to health in some way.
0:46:51 So, like, let’s say you’re wearing a CGM.
0:47:02 And on your shoes, your shoes change color in some way based on, like, if you’re in range or some other metric that you care about.
0:47:08 But basically, you’re able to signal something in a way that changes through your feet.
0:47:09 Awful idea.
0:47:14 Well, it could be like if, you know, we could show your fertile or something.
0:47:16 It would help with the whole lot lizard thing.
0:47:19 It’s like those parties, right?
0:47:21 Where you wear, like, what are they called?
0:47:22 The stoplight parties?
0:47:23 Where you wear red.
0:47:24 Yeah, yellow, red, or green.
0:47:26 That’s pretty funny.
0:47:27 So, stoplight shoes.
0:47:29 Maybe that’s a better version of the idea.
0:47:34 We just put all of our blood work on our, you know, like, I don’t have a thyroid issue.
0:47:35 I’m good.
0:47:40 Yeah, your, like, your function health results show up in your, in, like, a pendant around your neck.
0:47:43 Let’s, let’s, let’s end here.
0:47:44 I think we got a ton of stuff.
0:47:46 Steph Smith, thank you very much.
0:47:48 Internet pipes, stephsmith.io.
0:47:49 Is that your website?
0:47:51 Technically, yes.
0:47:52 I haven’t updated it in a while.
0:47:57 But, yeah, if people are interested in internet pipes, I think we dropped a code last time, MFM, if people want to use.
0:48:01 And they can get that, that digits database of 100 stats.
0:48:07 We talk about shipbuilding, disaster insurance, you know, tech literacy, nomad visas, all that good stuff.
0:48:07 All right.
0:48:08 God bless America.
0:48:09 We’re done.
0:48:10 That’s it.
0:48:10 That’s the pod.
0:48:11 Thanks, Sam.
0:00:09 But I think there are some where it’s like, maybe you should actually examine this a little more
0:00:14 closely. And so I compiled 100 plus of these, and we can talk about some of them today.
0:00:28 Steph Smith, this is your 10th time on MFM, is that right?
0:00:30 Not quite the tenor.
0:00:35 And Steph Smith, the background, if you’re just now listening for the first time, she used
0:00:38 to work with me at The Hustle, where she ran this thing called Trends, Trends.co.
0:00:43 And then she went and joined A16Z, one of the most prominent venture capital firms.
0:00:50 And your whole thing right now is finding up and coming trends, but you do it by looking
0:00:50 at the data.
0:00:51 Is that right?
0:00:52 I try to.
0:00:53 I try to.
0:00:57 But yeah, I guess now after Trends, I run this thing called Internet Pipes.
0:01:02 And that was kind of like trends in the way that you want to surface things that other
0:01:03 people don’t know about.
0:01:08 But it’s also about how do you show people how to catch their own fish, if that makes sense.
0:01:15 And you come on every once in a while, and you just basically have all of this data that
0:01:21 you rattle off a story behind the number, a story behind the data, and you explain why
0:01:22 it’s an interesting trend.
0:01:25 And sometimes you’ll say like how different people are pouncing on this trend.
0:01:25 Is that right?
0:01:27 Yeah.
0:01:27 Yeah.
0:01:32 Lately, I, or recently, I compiled this digits database.
0:01:32 I call it digits.
0:01:34 You guys call them like one chart businesses.
0:01:40 But basically, these generation defining stats, like we’ve all talked or heard about when Bezos
0:01:42 saw the internet was growing at some crazy rate.
0:01:44 And he was like, what does that mean?
0:01:47 Well, it means that people will be buying stuff online in the future.
0:01:49 Let me go create this crazy thing called Amazon.
0:01:54 And so we all run into these stats throughout our lives.
0:01:56 And most of us are just like, oh, that’s cool.
0:02:01 But I think there are some where it’s like, okay, maybe you should actually examine this
0:02:01 a little more closely.
0:02:05 And so I compiled 100 plus of these, and we can talk about some of them today.
0:02:11 And the guy who, one of the two guys who started your firm, Mark Andreessen, he has this famous
0:02:16 quote, or this famous story, where, you know, people are like, you know, Mark, what’s most
0:02:16 important?
0:02:17 Is it having a good team?
0:02:19 Is it having a good product?
0:02:21 Or is it picking the right market?
0:02:23 And he goes, it’s picking the right market.
0:02:25 That’s easily the most important thing.
0:02:28 Because if you pick the right market, you can have a bad team and a bad product.
0:02:32 And you still like the market pulls the success out of you.
0:02:38 So for example, you could have the world’s greatest team who are brilliant, who are smart.
0:02:40 And they come up with this amazing product.
0:02:44 But if it’s in a tiny market that people just don’t want, then you’re going to lose.
0:02:52 But if you are Coinbase in 2014, and crypto is all the rage, which is what happened, Coinbase.com crashed all the time.
0:02:53 It wasn’t that good of a website.
0:02:55 But people were begging for it.
0:03:00 And so they put up with it, and they used it, and they pulled the company into fruition and made it a success.
0:03:03 And so you are going to show us potentially some of these markets.
0:03:05 Yeah, maybe, maybe.
0:03:07 But I mean, I think that’s the perfect setup.
0:03:11 Because if you think about it, a bunch of other people saw that exact same data point.
0:03:14 And he was like, oh, well, I should go create this company called Coinbase.
0:03:17 And a bunch of other people were like, oh, I’m just going to go for a run.
0:03:20 I’m going to, like, you know, go to my 9 to 5 and ignore that same thing.
0:03:25 So let’s start with one that you, I think, know pretty well.
0:03:26 Hearing loss.
0:03:38 So the stat, or the digit, is that nearly 2.5 billion people by 2050 are expected to experience hearing loss with over 700 million requiring rehabilitation.
0:03:48 And then I saw this interesting quote that kind of was just like a frame to take away, which is that some project that hearing aids are about to become as common as reading glasses.
0:03:52 So you think about just, like, how normalized reading glasses are.
0:03:54 People wear them all the time.
0:03:55 You have all these optometrists.
0:04:00 Like, it’s a very normal thing, even if you think about the benefits that companies offer, right?
0:04:02 Vision is often part of that.
0:04:08 And then if you think about where hearing is in that equation, it’s nowhere near that on the same trajectory.
0:04:13 Like, yet, but if it’s true that billions of people are going to require hearing loss.
0:04:22 And you even think about some of the other signals, like the fact that today we have AirPods in our ears, or many people at least in our circle, how many hours a day?
0:04:24 Like eight.
0:04:25 Exactly.
0:04:27 That was not true 10 years ago, right?
0:04:29 Wait, so why?
0:04:31 First of all, I wear a hearing aid.
0:04:34 I’ve had probably 10 or 12 surgeries on my ears.
0:04:35 I was born with the bad ears.
0:04:39 And I fought putting a hearing aid in because I didn’t want to look old.
0:04:42 And a lot of times on this podcast, people see me where I’ll do this.
0:04:46 And I do it instinctively because I’m always leaning in with my good ear.
0:04:49 And so I wear a hearing aid.
0:04:52 And it was, they all suck.
0:04:54 But why are more people needing a hearing aid?
0:04:56 Is it because something’s going on?
0:05:00 Or is this a normal number and there’s just more people?
0:05:08 No, I mean, I think the technologies that we use are influencing a greater number of people who experience hearing loss.
0:05:12 Like if you think about even, as you said, there’s a cultural element to it too.
0:05:17 Like I go to SoulCycle, the first year I went, no one’s putting in the earplugs.
0:05:19 Like it’s so uncool to put in the earplugs.
0:05:22 And then as, you know, I’ve been doing it for a few years.
0:05:26 Now it’s like maybe 10, 20% of the class is putting in the earplugs.
0:05:29 People put earplugs in because the class is too loud?
0:05:30 The class is way too loud.
0:05:35 And by the way, even think about the technologies that we have that now signal to us some of this stuff.
0:05:40 Like your Apple Watch will tell you when you’re in a SoulCycle class, this is damaging your ears.
0:05:45 Like if you do this for more than 10 minutes, you will impair your ears in a permanent way.
0:05:52 And so the point around the cultural side is interesting because I don’t know if you experienced the same thing, but I grew up in the 90s.
0:05:53 Like glasses were not cool.
0:05:59 And then now you see like some people when you’re like, man, you look so much cooler because of the glasses you wear.
0:06:02 Like I wish, I almost wish I needed glasses.
0:06:05 That’s how I used to feel like when I was in third grade about braces.
0:06:08 If you had braces, you were cool.
0:06:09 It’s like I need braces.
0:06:13 I don’t know if I ever felt that way about braces.
0:06:16 Well, that’s probably why I didn’t have a girlfriend until I was 21 years old.
0:06:19 Are there any interesting companies in the hearing aid space that you’ve seen?
0:06:29 Because when I was trying to get a hearing aid, there was all types of like promises of like this will listen to the words that people are saying and it’s going to repeat it in your hearing aid.
0:06:30 And it was stupid.
0:06:33 And honestly, I think I paid two grand for a hearing aid.
0:06:34 They’re really expensive.
0:06:35 And the app is horrible.
0:06:38 Like these are not good products.
0:06:43 One time, in fact, my hearing aid broke and got stuck in my ear and I had to go to the hospital just to get part of it out.
0:06:45 So I’ve had all types of.
0:06:46 Yes, it was horrible.
0:06:46 Oh my God.
0:06:50 You should, you should found a company in this space because you know of all the problems.
0:06:53 But I don’t know the hearing aid space as well.
0:06:58 I have been seeing a lot of people who have been getting, have you heard of Loop, the earplug company?
0:06:59 No.
0:07:12 It’s just these kind of like nifty looking earplugs, which again, you go to something like a workout class and they give you these disposable like bright yellow earplugs that you can’t even get into your ear.
0:07:27 And so I do think there’s going to be like, again, on the cultural side, how do you create products that not only, to your point, are solving the problem, like they have utility, but they also shift in this direction of, oh, I look cool.
0:07:28 I feel cool.
0:07:29 I want to wear this thing.
0:07:32 Dude, this company, Loop, is going to kill it.
0:07:34 They sell $50 earplugs.
0:07:35 Oh my God.
0:07:37 Yeah, and it’s super smart marketing.
0:07:42 Like if you go, if you just search Loop earplugs, like they’ve got a page and they’re like earplugs for events.
0:07:49 Because again, they’re not, they’re not marketing to like, oh, the everyday user necessarily for this stuff.
0:07:52 It’s like, oh, you’re going to a concert.
0:07:53 You’re going to the Super Bowl.
0:07:54 It’s going to be really loud.
0:07:56 And these look really cool.
0:07:57 People don’t even realize their earplugs.
0:08:00 All right, let’s move on from hearing stuff.
0:08:01 But one last fact.
0:08:13 Did you know, this is one of the reasons why I succumbed and got the hearing aid, is if you have a hearing loss and you don’t address it, the increase of getting dementia jumps significantly.
0:08:14 Yes.
0:08:15 Like four or five times.
0:08:18 And I believe there are two reasons.
0:08:22 One, that part of your brain that hears stuff, because it’s not working, it begins to atrophy.
0:08:24 And that’s correlated with dementia.
0:08:32 But also the second reason, and I find myself doing this all the time, is when I’m at a restaurant or something, I cannot hear the difference between someone talking to me and the background noise.
0:08:34 And so I usually just zone out.
0:08:41 And if you zone out all the time, you’re going to be mentally kind of zoned out.
0:08:44 I believe those are the two theories as to why that happens.
0:08:47 But so, yeah, getting your hearing fix is a big deal.
0:08:48 What’s another one you want to do?
0:08:59 Okay, so rounding out the hearing loss thing, by the way, something we didn’t quite touch on there is the fact that they went over the counter in 2022, which means like you don’t need to get a prescription.
0:09:02 And that also, I think, is, you know, opening the aperture.
0:09:09 And you guys often talk about these like policy or legislation related shifts or unlocks.
0:09:11 I call them regulation inflections.
0:09:14 So something changes drastically.
0:09:19 So, for example, one negative inflection is like New York bans Airbnb.
0:09:27 So there’s like an inflection where like short-term rentals are just going to go to zero versus if there would be an inflection where they now say it’s allowed.
0:09:28 There’s a massive change.
0:09:30 Yeah, exactly.
0:09:35 So one of them is the FAA has made a few changes recently, and I want to call out two.
0:09:38 And one of them is around drones.
0:09:43 So consumer drones have existed for quite a while.
0:09:44 I have a DJI drone.
0:09:49 People use them for anything from like just filming your neighborhood.
0:09:53 Real estate agents use them to like capture better imagery of their assets.
0:10:02 But recently, the FAA changed regulation for some companies where they can fly drones beyond line of sight.
0:10:04 And that doesn’t sound like a big change.
0:10:14 But if you can fly a drone beyond your like visual aperture to actually see what it’s doing, while it enables things like drone delivery, there are companies like Zipline.
0:10:16 I’m sure you’ve heard of Amazon playing around in this space.
0:10:18 That changes the game.
0:10:27 Another change that the FAA made recently is they started approving these electric vertical takeoff and landing companies, the EV tool companies.
0:10:30 And again, that was in the news.
0:10:36 But what wasn’t covered as much was the fact that this was the first new category of aircraft in nearly 80 years.
0:10:40 And the one just before this was called Light Sport Aircraft.
0:10:42 You know what Light Sport Aircraft is?
0:10:44 No.
0:10:45 It’s helicopters.
0:10:47 It’s small business jets.
0:10:52 These are things that like each individual is a massive industry.
0:11:02 And if you think about like how, you know, if you take like super wealthy people who take helicopters, who take these business jets, like that’s meaningfully changed their life.
0:11:04 And each one of those is a vertical.
0:11:09 E-VTOL, again, this is the first new category of aircraft in 80 years.
0:11:11 You can only imagine like we’re in the early stages of it.
0:11:12 How do you say that word?
0:11:13 E-VTOL.
0:11:16 So again, it’s like electric vertical takeoff and landing.
0:11:21 So there’s some companies who are playing in this space, obviously, like I think Joby Aviation is one.
0:11:22 Archer’s another one.
0:11:23 Exactly.
0:11:27 We had Brett Adcock on the pod and he started a thing called Archer, which is publicly traded.
0:11:31 And they’ve, I think they have some huge deals with United, things like that.
0:11:32 Yeah.
0:11:47 So, I mean, if you think about, this is like thinking more long term, but these are designed specifically to be, you know, operating within cities, taking people from like one end of New York to the other, airport trips.
0:11:56 And if you think about like what that kind of is a parallel to is not the like mega, you know, Boeing air jets.
0:11:59 It’s actually more like cars, right?
0:12:04 And if you think about how cities have been oriented around cars, what businesses have been drawn up from there.
0:12:14 I think, again, these are two legislative changes that are in the long term going to meaningfully reshape the way that we all engage.
0:12:33 One of our friends, Nikita, who a lot of people know who he is, he was telling us, I have to get it right, but I believe he told me that he invested in a company where if you are in LA and you call 911, the police will take however long to get there.
0:12:38 Let’s say 20 minutes or something because LA is really big, 30 minutes or even just 10 minutes.
0:12:43 But they send out a drone right away to go and see what’s going on.
0:12:44 Have you seen that?
0:12:50 Yeah, we at A16Z is invested in a few of these companies, so they get there more quickly.
0:12:57 But they also have a safety angle from the perspective of, you know, if someone calls 911, they’re telling you something.
0:13:05 Sometimes they’re just reporting like, hey, I think there’s a scary person like on the highway doing X or I think there’s someone in this alley and they have a gun.
0:13:12 And the ability for these drones to not only get there more quickly, but to validate the statement and say, oh, actually, like that’s not a gun.
0:13:16 That’s a poster, you know, in a tube or something like that’s it.
0:13:20 That changes their ability to actually react to the situation more.
0:13:25 Yeah, you just got a guy like wanting to show off like his Lamborghini poster from like the Scholastic Book Fair instead of like a gun.
0:13:27 Yeah, that makes sense.
0:13:28 Happens all the time.
0:13:29 Yeah, no.
0:13:30 Yeah, been there.
0:13:31 Been there.
0:13:34 What are some other ways people could pounce on this?
0:13:45 Well, I think the thing that I’m trying to drive home here is like these are obviously going to take years, if not decades, to influence us in major ways.
0:14:04 But it’s for people to ask questions like, for example, if there is drone delivery at scale, think about even the ways that we package goods and the fact that you package a good to sit in a truck to travel across the country and it needs to have certain levels of padding of, you know, to make it unbreakable.
0:14:11 All of those things potentially change if we’re able to, you know, pick something up and drop it off a mile away, right?
0:14:18 So I think it’s just encouraging people to ask about, you know, if this is true, what are those second, third order effects?
0:14:22 If it’s true that there’s going to be a lot more autonomy, like how quickly does that ramp up?
0:14:27 You take like Waymo, which is a lot of people think of as in like Phoenix or San Francisco.
0:14:34 I just read an article the other day saying that Waymos are already taking up 20% of Uber rides in Austin.
0:14:36 And so this stuff can like move pretty quickly.
0:14:41 I had a, I don’t, I don’t smoke weed anymore or do anything like that.
0:14:46 But I had like this thought the other day because I had to send someone a letter in California.
0:14:50 Isn’t it insane that for, what’s a stamp cost?
0:15:01 40 cents, 50 cents, that I can send a letter 3,500 miles and it will reliably get to pretty much any house I want to in a matter of like four or five days.
0:15:03 I think that is insane.
0:15:06 That is, that is so crazy.
0:15:10 And to think that like, so there’s that type of delivery that I think of all the time.
0:15:16 And I’m like the post office, USPS, UPS, FedEx, these companies are wild.
0:15:19 That’s got the biggest moat ever to build that.
0:15:21 That is so freaking hard.
0:15:26 But then there’s the last mile component and that’s this whole other thing.
0:15:30 And to think that drones, that that’s what’s going to be happening is that drones are going to be flying everywhere.
0:15:35 It’s pretty wild to like imagine like the moat that a company in this space has.
0:15:43 It’s hard to like comprehend because if you think 50 years ago to try to explain to someone, no, you’re not going to go to Walmart anymore.
0:15:44 You’re not going to go anywhere.
0:15:46 Everything’s going to come to your door.
0:15:49 To think how is that going to change in the next 20 or 50 years?
0:15:50 It’s hard to comprehend.
0:15:51 Totally.
0:15:58 And I think to your point, it’s like, are people in this podcast going to go create like the next Waymo or the next ZipLine?
0:16:04 These companies that have been working on these problems for years and years and years, maybe not.
0:16:12 But okay, if all the, or if a significant number of cars on the road are autonomous, who’s cleaning those cars, right?
0:16:17 Who is creating the LIDAR that goes into the cars so that they can actually drive safely?
0:16:26 Who is, you know, actually coordinating the cleaning and the use of these cars, the degradation of them?
0:16:29 Who’s the person that gets called if there’s an issue in a Waymo?
0:16:36 Like, all of these are new businesses the same way that like, when Airbnb was big, the answer wasn’t go create another Airbnb.
0:16:43 It was like, go create the cleaning companies and the operations companies to run an Airbnb, right?
0:16:51 Like, there’s still, I think, a lot of opportunity on, you know, on the edges of these major trends.
0:16:53 All right, let’s do another one.
0:16:54 Let’s go to the psychedelics thing.
0:16:57 So this one is just, is pretty simple.
0:17:12 Like, psilocybin has been illegal for a long time in the United States and elsewhere, and it was decriminalized in the first state, which was Oregon, in 2020, and has subsequently become decriminalized in a host of other states and cities with, you know, lots of legislation pending.
0:17:20 And this is another one where we’re talking, like, what’s going to happen, not in the next year, but several years, if not decades.
0:17:22 But people are already jumping on this.
0:17:24 Some people are doing psychedelic retreats.
0:17:26 You know, again, a policy change that we’re seeing.
0:17:31 I think we have a few Hampton members that have these psychedelic retreats, and I’ve seen some of these.
0:17:33 Did I ever tell you that I tried to go to one?
0:17:36 I think it was in 2018 or something like that.
0:17:39 Like, right when this stuff was getting popular, I knew this person.
0:17:41 It was a friend of a friend.
0:17:45 Jack introduced me to this person, my friend Jack, who was, like, hosting.
0:17:48 He said he said it was a shaman.
0:17:53 And I was thinking it was going to be some brown dude and, like, a sheet.
0:17:56 Like, he’s going to say, like, namaste as I walk into their house and take off my shoes.
0:18:01 And they ask us to go to this meeting in advance to see if it was a good fit.
0:18:08 So I go to the meeting, and it’s just this, like, normal-looking white lady in San Francisco in a condo, a fancy condo building.
0:18:15 And we sit down for dinner so she can get to know us to see if it’s a good fit, if we actually want to go through with this, like, psychedelic experience with her.
0:18:19 And she, like, does a few things, but she’s like, so, where are you from?
0:18:22 And she was like, I was like, oh, Missouri.
0:18:24 And she’s like, oh, flyover country.
0:18:26 And I was like, bitch, what the fuck?
0:18:27 Are you insulting me right now?
0:18:33 And she said, like, three more things, making fun of, like, where I was from and, like, mocking me.
0:18:35 And she was like, what do you do for a living?
0:18:39 And I was like, oh, I, like, kind of work in, like, technology and the internet.
0:18:41 And she’s like, oh, capitalism really bothers me.
0:18:44 And I looked at her LinkedIn in advance.
0:18:45 She worked at Lehman Brothers.
0:18:46 That’s where she worked at.
0:18:48 She worked at Lehman Brothers before she became a shaman.
0:18:51 That is why she’s now doing psychedelic.
0:18:53 I go, lady, you worked at Lehman Brothers.
0:18:54 You were literally a venture capitalist.
0:18:55 What are you talking about?
0:18:59 And then at the end, she was like, by the way, it’s going to be $2,000.
0:19:01 I’m like, lady, you just said you hated capitalism.
0:19:01 All right?
0:19:02 What the hell is going on?
0:19:07 And so I got asked that night not to come back.
0:19:14 And I was disinvited from my psychedelic experience, which probably shows that I need this more than anything.
0:19:15 But, you know.
0:19:19 Well, I was going to say, you definitely, like, those are some pretty bad vibes.
0:19:24 And you definitely do not want to be on psychedelics, you know, with that, with that introduction.
0:19:28 I got kicked out of my psychedelic group.
0:19:29 So that was my early experience.
0:19:32 I wanted to, I forget what it was, like ketamine or MDMA.
0:19:33 I don’t know.
0:19:34 But everyone said it was dope.
0:19:35 And I was like, let’s see what this is about.
0:19:37 I got kicked out of the group.
0:19:40 But I have seen a bunch of these, like, retreats.
0:19:40 I do think it’s cool.
0:19:44 I have friends that are like, I’ve got a couple vet buddies who have done it.
0:19:45 And it’s, like, changed their life.
0:19:46 And we had Scott Galloway on here.
0:19:48 And he says that it’s been really helpful.
0:19:49 So I’m on board with them.
0:19:50 I’m just not on board with it for me.
0:19:55 You know, it’s kind of like, I say, cornrows, you know, it’s cool for other people, but not for me.
0:19:57 Cornrows and face tattoos.
0:20:00 And psychedelic retreats.
0:20:00 Yeah.
0:20:04 Any other interesting opportunities with the psychedelics?
0:20:11 I mean, I think maybe the marketer in me, not that I’m trying to, like, push psychedelics.
0:20:18 But I think a lot of people think of them as either you do it if you’re, like, just a druggie.
0:20:20 And you just, you know, you do these all the time.
0:20:27 Or you do it if you’re in an impaired mental state and you need to, like, get past something.
0:20:29 Like, let’s say you were a vet and you had some terrible experiences.
0:20:33 Like, there’s a lot of ketamine-assisted therapy that’s popping up.
0:20:34 Psilocybin as well.
0:20:41 But, again, it’s often to solve some kind of negative experience in your life and get past that.
0:20:52 If this does become more normalized, I think some of this at, like, a much lower dose, you could imagine being very helpful in smaller life decisions.
0:20:55 Or, for example, you’re starting a new job.
0:20:58 You’re trying to decide if you want to join one company versus another.
0:20:59 You’re trying to decide if you want to quit.
0:21:01 You’re trying to decide if you want to have a child.
0:21:14 Those are not things that have any direct relationship to psychedelics, but are things that people have a really hard time understanding their perspective, understanding how they relate to, you know, let’s say their partner or their family.
0:21:17 And I think that could be a future scenario.
0:21:28 Like, imagine if you had someone guiding you through a psychedelic experience specifically related to your career, specifically related to, again, like, the difficult and very meaningful decision of having kids.
0:21:30 I think there’s something interesting there.
0:21:31 I completely agree.
0:21:43 That’s actually a really cool idea where, like, for example, if you, like, are in a certain social class, like, you don’t have the same problems as someone who’s not in that class.
0:21:49 So, like, when I quit drinking, I went to basically, like, a mental clinic in Soma.
0:21:52 And it was, like, me and, like, everyone else was homeless.
0:21:54 And I was, like, what am I doing here?
0:21:58 But the reason I went was because I didn’t have any income because I had just started my company.
0:21:59 And I was, like, solid on Yelp.
0:22:02 And I went to this place, and I stuck to the same doctor for, like, 10 years.
0:22:03 She was amazing.
0:22:07 And then there was at one point where I remember telling her, like, certain problems that I had.
0:22:13 And this woman had never worked with anyone else that had similar types of problems because she wasn’t used to a client like mine.
0:22:22 And I was desperately seeking, like, a therapist who had, like, people who were at, like, maybe a higher tier on Maslow’s hierarchy of needs.
0:22:26 And it was so hard to find, like, a person who could serve that need.
0:22:26 You know what I’m saying?
0:22:35 And so that is very interesting to have, like, a different genre of psychedelic guides or whatever the hell they call them.
0:22:35 You know what I’m saying?
0:22:36 Yeah, yeah.
0:22:44 I mean, because to your point, even within therapy, for a long time, people thought therapy was only for when you’re kind of about to divorce, right?
0:22:48 They’re like, we only provide therapy for when there is a clear issue.
0:22:50 And then now therapy has expanded a lot, right?
0:22:52 Like, people do it preventatively.
0:22:56 People do it because they just like their therapist and just need someone to talk to.
0:22:59 Like, there are many different reasons now that people do therapy.
0:23:06 And I think, obviously, in the, you know, people on their own do psychedelics for many different reasons.
0:23:16 But you could imagine that if this is going to be something that is no longer illegal, people are building businesses around, that they can build those businesses for kind of these other needs.
0:23:18 There doesn’t need to be a problem.
0:23:21 Is this going to become, like, a whole therapy session for me?
0:23:28 Hey, I’m telling you about these doctors that I used to go, like, when I was homeless or, like, about my psychedelic getting kicked out and how I’m deaf.
0:23:29 Oh, my gosh.
0:23:30 Every time you come on here, man.
0:23:34 Can you talk about this job stuff?
0:23:35 Sure.
0:23:36 I find this the most interesting.
0:23:38 Okay.
0:23:40 So, a few things.
0:23:46 I think the most, you know, relevant thing to the listeners would be that AI is here.
0:23:48 A bunch of people are freaking out about jobs.
0:23:51 They’re wondering, you know, do I still have a job?
0:23:52 Are my skills still relevant?
0:24:02 And so, I think it’s just interesting to discuss, number one, like, what are the new jobs that are on the horizon?
0:24:05 What are the existing jobs that are going to become more important?
0:24:08 And then I have some other ideas that we can talk about.
0:24:19 But, like, first, did you know that the Bureau of Labor Statistics reports all the time, every year, or I think more frequently, what the fastest-growing jobs are?
0:24:20 And do you know what they are?
0:24:22 Fastest-growing jobs?
0:24:23 Yeah.
0:24:31 White-collar stuff, so, like, computer engineers, graphic designers, anything involving computers.
0:24:46 Yeah, so, there’s, like, of the top five, there’s data scientists, there’s security analysts, but there’s also wind turbine service technicians, there’s solar panel installers, nurses are also on there.
0:24:54 Further down the list, I think some of the interesting ones are certainly in the, like, again, climate installation operation space.
0:25:01 Like, one interesting thing that I didn’t realize, because I’ve never owned a house with solar panels, is that you don’t only need to install them,
0:25:06 but in order for them to be efficiently used, they need to be cleaned.
0:25:11 And some, you know, if you want to get the max efficiency out of them, they need to be cleaned, like, every 6 to 12 months.
0:25:13 So, it’s like, who’s cleaning those solar panels?
0:25:16 Like, that’s an opportunity on its own.
0:25:18 Other things on the list, I’m just scrolling down it.
0:25:21 Physician assistants, actuaries.
0:25:33 But over the last two decades, some of the fastest-growing jobs were manicurists, HR managers, event planners, massage therapists, and compliance officers, which is also interesting.
0:25:40 I have a, I have a, this small website called Sam’s List, where you can, it’s like Yelp for accountants.
0:25:46 And, you know, we, it’s a tiny website, but I think we have 300 or 400 accountants on the website.
0:25:50 And the woman who runs it, Kimmy, has talked to, like, all 400 of them.
0:26:03 And the common complaint that they all have, and it’s, like, horrible for my business, because Sam’s List, like, the way it makes money is a user who needs an accountant for their business or for their personal life.
0:26:16 They go on, and they can submit their information, and then also we allow other accountants to pay us money to go and, like, basically, like, bid on that client’s, like, you know, this person is looking for this.
0:26:20 Can we also pay money for them, for us to be shown or introduced to them?
0:26:26 And it’s a horrible business for me, because what we’ve noticed, talking to 400 accountants, is that they don’t need more business.
0:26:28 They go, we have enough business.
0:26:30 What we need is more accountants.
0:26:33 They’re like, I can’t hire fast enough.
0:26:35 Like, it’s, no one wants to be an accountant.
0:26:39 And we just simply do not have people who want to work here.
0:26:46 Yeah, and by the way, those are exactly the industries that people should be looking at for building AI products, right?
0:26:56 If you think about even just the selling motion that you need to do for any new product, if you’re going to a company and they have ample demand,
0:27:09 And there’s, like, a very, very liquid market for talent, while that means that they can probably get talent for cheaper, they have to worry about, like, oh, am I going to bring in this AI tool and then fire or lay off a bunch of my existing staff?
0:27:11 Like, those are all considerations.
0:27:19 But in the world of accounting, where, let’s say, like you said, there’s a firm, and that firm is like, I can’t hire fast enough.
0:27:20 I literally don’t have people.
0:27:27 I have clients who want to pay me, and I don’t have, you know, the staff to actually facilitate that project.
0:27:32 Well, then it’s an easy sell, right, to be like, I can support you in this way.
0:27:44 So, I think that’s just, like, AI is obviously being implied to a lot of the obvious areas, but a lot of these industries where there is not enough talent, there is, you know, that is, in my opinion, where folks should be looking.
0:27:55 There was two different members in Hampton who had companies, so, in nursing, there’s a huge shortage of nurses in America, and it’s a great job.
0:27:58 It pays really well, and you get good benefits oftentimes.
0:28:04 I mean, there’s, the downside is, like, you’re obviously working with sick people, and it’s probably, it’s a tragic, it can be tragic sometimes.
0:28:11 But there’s a huge need, and you have relatively secure, you know, you will always be able to work.
0:28:26 They have these things called travel nurses, so a lot of hospitals are lacking nurses, and so they’ll pay, you know, extra money to have someone come and stay there for three months, or to stay there Monday to Friday, or wherever, like, you know, the five-day block or a three-month block.
0:28:39 And there’s a bunch, I think Trusted Health is one of them, where they build these massive businesses all around facilitating getting a travel nurse to the hospital in need.
0:28:48 And I believe, Trusted Health, I have no connection with these guys, I just saw them online, I believe that they are a unicorn.
0:28:51 I think they’ve raised funding in the billion-dollar-plus range.
0:29:06 I mean, I’ve heard that that’s a huge industry, and the fact that, like, again, we talked about it last time, Silver Tsunami, a lot more nurses are needed, and the concentration of that talent is not always where it needs to be, and so it makes sense.
0:29:09 All right, let’s do one or two more. What else? Tell me some other interesting ones.
0:29:18 Well, one note about the, just the world of jobs, I want to get your take on this, is we’ve talked before about pay transparency.
0:29:25 And there are, I think, over a dozen states that have also, you know, put pay transparency law in action.
0:29:32 And that’s why, like, California is one of them. You go to a website, you see a new job posting, and you see how much that job makes.
0:29:42 One super simple opportunity for folks that I haven’t seen, but I’m sure someone’s building this, is basically just the Glassdoor for open salaries.
0:29:53 Like, there’s levels.fyi, kind of a more aggregate level, but if you take what Glassdoor did, Glassdoor basically became the, they had a bunch of other features, but, like, why did people go to Glassdoor?
0:30:02 One, they wanted to see if a company had, like, good or bad reviews, TBD on if that was actually useful, but then they also mostly wanted to see, how much am I going to make at this company?
0:30:04 Like, if I’m negotiating, what should I ask for?
0:30:15 And that relied on people who worked at that company to submit their salary, right, to Glassdoor, and then they built up this database, and that was their moat.
0:30:18 Today, all of that is online, right?
0:30:21 Every time a company is posting a job posting, they are saying how much they pay.
0:30:37 And I have not seen anyone aggregate this information in a meaningful way where if I’m, again, if I’m trying to join a new company or if I’m trying to negotiate, I’m still going to Glassdoor, which is crazy to me because even Glassdoor has really limited data, in my opinion.
0:30:55 And so, someone should just go and, again, like, you would need to build this up over a little bit of time, but someone should be scraping these salaries off of different websites or different companies and building up this database, completely usurping, again, the, like, requirement of people needing to submit their salary themselves.
0:30:58 Is that, like, is the range huge?
0:31:02 Like, so, for example, A16Z, I assume they’re California-based.
0:31:07 So, like, would they list the, let’s see, do they list their salaries there?
0:31:10 They do, and lots of other companies do, too.
0:31:22 And people only notice this when they are in the job process, and so they have a snippet of time and often jobs that are not the same as the one that they’re applying to, right?
0:31:22 Wow, sorry.
0:31:24 So, I just went to Andreessen Horowitz.
0:31:28 I clicked a fund assistant controller.
0:31:32 I assume that that is related to accounting.
0:31:38 They’re going to work closely with assistant controllers and fund, so it’s a finance accounting job.
0:31:50 It says the expected pay for this position is between $216,000 and $252,000, but the actual starting pay may vary based on a range of factors, which include experience, skill.
0:31:51 They have to say that.
0:31:52 They always say that.
0:31:52 Yeah.
0:31:54 Interesting.
0:31:55 So, wow.
0:31:56 That is very intriguing.
0:32:11 I did not think, but would it say, like, in order to be, like, a legit partner at A16Z or something, like, will they even list, like, the jobs that are paid potentially millions of dollars?
0:32:20 They have to, but the thing that is worth calling out is that they are only required, as in through law, to my understanding, is to put base pay.
0:32:26 So, obviously, a lot of these jobs, not just at A16Z, have other mechanisms for rewarding people.
0:32:36 And so, this is only one part of the story, but also, if you’ve ever gone to Glassdoor, Glassdoor has been terrible at capturing that other segment in any case.
0:32:43 And so, at the very least, again, a lot of this information is out there, and I think you take this, like, age-old company.
0:32:44 Well, actually, I don’t know.
0:32:45 When was Glassdoor even founded?
0:32:46 Let’s see.
0:32:46 It’s not that old.
0:32:48 It’s not age-old.
0:32:49 Age-old.
0:32:51 I would say it’s internet 1.0.
0:32:52 What does age-old mean?
0:32:53 It’s as old as age?
0:32:58 It’s, in my opinion, you know, it was great for the first version of the internet.
0:33:16 And now, again, like, there are, there’s a change in legislation here, fitting with our theme, but also, it’s like, the technology exists in a way for us, for someone to be able to scrape this really easily and aggregate this information across, you know, not a few companies, but many, many companies.
0:33:18 What else do you want to cover here?
0:33:22 I, uh, I read a book that you suggested because of this whole animal thing.
0:33:25 It was called, like, The Five Senses, or what’s the, the, the animal?
0:33:27 It’s called An Immense World.
0:33:28 An Immense World.
0:33:46 And you have heard me give this spiel so many times, but I, okay, so there’s this book, An Immense World, it’s by this guy called Ed Yong, and whenever I explain it, it sounds really obvious, but, you know, obviously does not do the book justice, but it’s about the fact that we, as humans, are familiar with five senses.
0:33:49 Like, this is how we interpret the world.
0:33:52 Even within those five senses, though, they’re not equal.
0:34:14 We talked about hearing, for example, but sight, for sure, is the, the sense that not only humans tend to use the most to interpret the world, but also, if you benchmark that versus other species, other than birds, we have the most precise vision of, you know, again, the animal kingdom.
0:34:19 We have really strong vision, and again, that drives the way that we see the world.
0:34:31 I say that because this book is about recognizing that, yes, this is how humans see the world, but every animal, again, this is not surprising, is uniquely tuned to their environment, their prey, you know, how they survive.
0:34:43 And for many, you know, sight is not the most important way that they interpret the world, but there are senses that we don’t have that they use, again, to engage.
0:35:02 And then, again, within the five that we’re familiar with, it’s just, it’s worth acknowledging that, for example, the way that, you know, the spectrum of light that we see or the spectrum of temperatures that we’re comfortable in are just simply not the way that, you know, other animals exist.
0:35:13 So, if you take an Arctic squirrel or if you take a camel and you put them on hot plates, they will not move at temperatures that we think are crazy and uncomfortable because they are comfortable, for example.
0:35:21 Or if you take UV light, which we can’t really interpret, other animals or creatures will react to that.
0:35:26 So, that’s my spiel about, like, what the book is about and it obviously does a better job of making that interesting.
0:35:39 But this is my first million, and the reason that I’m bringing this up is because there is this, I think, converging world of nature and technology, which has always existed to an extent.
0:35:55 But at the same time, I think for a long time, people thought that technology was kind of adversarial to nature because it’s like humans were, like, moving forward and we’re progressing and we’re leaving nature behind and sometimes even destroying, you know, that natural world.
0:36:13 But I think there are tons of examples, whether it’s Velcro being, you know, modeled off of burdock burrs, whether it’s bullet trains being inspired by the Kingfisher’s beak, whether it’s NASA learning how to design airplane wings to be more like birds.
0:36:33 Like, we not only learn a lot from nature in the way that we build technology, and I think that’s an interesting thread we can pull, but also there’s a really interesting space of how technology is actually getting us closer to understanding the animal kingdom and communicating with it.
0:36:38 So, we can pull any of those threads, but that’s my nature of technology rant.
0:36:39 Keep going.
0:36:40 I’m fascinated.
0:36:41 Just keep talking.
0:36:47 Now, you on this document, you were talking about a trip you took, but does that weave into this?
0:36:48 Yeah.
0:36:51 So, I just came back from the Galapagos Islands.
0:36:52 Have you ever been there?
0:36:54 No.
0:36:56 And I’m super ignorant.
0:36:58 If I’m being honest, I don’t even know where it is.
0:37:01 But I know it’s related to Darwin.
0:37:04 I mean, I’m incredibly ignorant of Galapagos.
0:37:05 Yeah.
0:37:06 So, okay.
0:37:11 The Galapagos are, I think it’s 600 miles west of Ecuador.
0:37:13 So, they’re in the Pacific.
0:37:15 There’s a set of islands that a lot of people…
0:37:16 So, Central America, right?
0:37:17 I mean, I…
0:37:18 South America, but yeah.
0:37:22 I’m not the biggest South America, Central America expert.
0:37:22 I don’t even know.
0:37:23 I don’t know too much about it.
0:37:27 Ecuador is the north end of South America.
0:37:27 Okay.
0:37:32 So, basically, they’re part of Ecuador, but a lot of people know them, again, because of,
0:37:33 like you said, Darwin.
0:37:40 They are this, at least from my perspective, and I’ve been to 50 or so countries, the most
0:37:47 kind of nature scape trip I’ve ever done, where you actually feel like you’re entering
0:37:48 their world versus the opposite.
0:37:57 And so, the reason it fits into Darwin’s story is when you have a bunch of islands, the way
0:38:02 that these different species evolve across the different islands, especially land creatures
0:38:09 who can’t make their way from one island to another, they end up evolving differently due
0:38:15 due to the unique fauna, due to the unique environment, set of predators, etc., on that particular island.
0:38:25 And so, he was like, wait a minute, why are there, for example, blue-footed boobies, which are a type of birds, and red-footed boobies on two different islands?
0:38:41 And that was him witnessing some of these, he did a lot with finches, like, he noticed these things, and then that was his kind of, like, aha to understanding evolution.
0:38:43 So, that’s why it’s, like, in all the textbooks and stuff.
0:38:45 Like, I knew nothing about Darwin.
0:38:54 This is actually the first time that I’ve ever, like, heard, like, the, I’m sure there’s a lot more to the, you know, the aha moment story, but I have never heard that before.
0:39:02 Yeah, and he did a lot of his research there, and I think, in particular, with the finches, I think there’s, like, 17 kinds of finches.
0:39:07 And the interesting part is, like, when does an animal become a separate species, right?
0:39:11 So, you take these two finches, they exist on different islands, and then, like, they’re evolving.
0:39:14 At what point do they become a new species?
0:39:17 It’s when they no longer mate with each other, right?
0:39:23 So, one interesting thing, fun fact, is just, they had these, you know, one example is lava lizards.
0:39:29 And these lava lizards would do these mating dances, but in the case for them, they’re doing these push-ups.
0:39:33 At least that’s how humans, like, describe this mating dance.
0:39:40 But because they’re different species that have evolved on their unique islands, it’s, like, one lizard might do, like, three push-ups.
0:39:42 Another one might do five.
0:39:46 Another one might do it, like, a little bigger or funkier than the others.
0:39:49 But what’s crazy is that, like, they will not mate with each other.
0:39:59 Like, if you take one lava lizard from one island and the other one’s doing, you know, the male’s doing the push-ups for the females, just slight differences in how it’s being done.
0:40:00 It’s like, nope, sorry.
0:40:01 Like, we no longer mate.
0:40:10 And one interesting takeaway for me, and this is just me, again, like, this has nothing to do with business, it’s just, that’s never happened to humans.
0:40:14 Now, there are some, like, bad historical examples of, like, segregation and stuff.
0:40:20 But for the most part, like, we’ve existed on different continents, evolved, right?
0:40:31 And over long, long, long periods of time, like, you still, like, someone from Australia will still mate with someone from North America, who will still mate with someone from Europe, et cetera, right?
0:40:35 Like, I just thought that was, that was an interesting, like, I wonder why that is.
0:40:43 I’ve heard of a bunch of friends of mine doing push-ups to impress some lot lizards, but never lava lizards.
0:40:46 Steph, do you know what a lot lizard is?
0:40:48 I don’t.
0:40:49 Is that embarrassing?
0:40:50 No.
0:40:53 It means you’re much more sophisticated than me.
0:40:57 A lot lizard is a prostitute that serves truck drivers.
0:40:58 Oh, that makes sense.
0:41:09 I feel like if you know what a lot lizard is, that sort of says what part of the tracks you’re from, you know what I’m saying?
0:41:11 I hear you.
0:41:21 So, you’re talking about Galapagos Islands and Darwin and, you know, the eight senses that animals have.
0:41:32 And if I know a few people that know a few things about lot lizards, if you want to talk about that, just saying, what’s this ass nature thing?
0:41:44 So, if people want to go down the rabbit hole of exploring, not just, like, let me go look at pictures of animals, but understanding, like, how do animals produce color?
0:41:53 What are the examples of technology being inspired by natural design, for example, like a search algorithm that was inspired by ants?
0:41:55 This is so fascinating.
0:41:58 So, Ass Nature has this.
0:41:59 There’s all stuff you can click on.
0:42:02 So, there’s one about the African darter.
0:42:04 Apparently, that’s a type of bird.
0:42:10 And it has a very special feather that is incredibly water-resistant.
0:42:18 And then it tells you, like, different applications that this potential feather or, like, inspiration of this feather could have.
0:42:25 And it talks about, like, the strategy of how it works and, like, the potential for copying this feather.
0:42:26 This is amazing.
0:42:27 How did you find this website?
0:42:28 This is really cool.
0:42:31 So, someone shared it within Internet Pipes.
0:42:35 We have this survey whenever people join, which just asks, like, what’s your favorite tool?
0:42:38 A lot of it ends up being what you expect, ChatGPT, Ahrefs, etc.
0:42:42 But there are a bunch of gems that come through like this.
0:42:48 And so, by the way, is Internet Pipes, it’s literally just tons of different resources for finding these things.
0:42:56 So, what the product started as, it was, I hate the term course, but it was a course that existed to say, okay.
0:42:57 It’s called a book.
0:42:58 It was a book.
0:42:58 It was a book.
0:43:05 It exists in Notion, and there’s videos, and there’s text, and now there’s a community, and now there’s things, databases like the Digis database.
0:43:12 But the origin was, okay, the most common question I get asked is, you find all this cool stuff online, how do you find it?
0:43:19 And so, Internet Pipes was showing people how to find this information through a series of tools.
0:43:21 And that’s why it’s called Pipes, right?
0:43:32 It’s like, use this tool to make sense of all of the purchases that are happening on Amazon, all of the pages that exist on Wikipedia, all of the searches that are happening on Google.
0:43:35 And, you know, you go down the line, this data exists.
0:43:40 And by the way, we’re at a unique period where, like, it didn’t quite exist 15 years ago.
0:43:43 And 15 years from now, probably everyone will know it exists.
0:43:50 And so, it’s like, this Internet Pipes is a course, a book, whatever you want to call it, to learn how to do that.
0:43:53 And you’ve made a lot of money off of it so far, haven’t you?
0:43:54 Yes.
0:43:56 That’s pretty dope.
0:43:59 When you answer just yes, that means I’m not going to ask how much.
0:44:00 It’s six figures.
0:44:02 There’s a pretty wide range of, you know.
0:44:05 Does the six figure include the .00?
0:44:08 So, it could really be like $1,000.00?
0:44:10 It’s eight figures now.
0:44:11 Got it.
0:44:15 This is a really, really cool website.
0:44:17 I could spend hours just looking at this.
0:44:19 There’s an article about, like, camel’s fur.
0:44:20 Yeah.
0:44:26 And how it keeps people cool, or it keeps camels cool in the desert, but also warm at night.
0:44:29 And why that particular type of fur is special for this.
0:44:35 Like, it’s so, and the reason it’s kind of interesting is, like, the two that I’ve named are clothing-related.
0:44:40 But, like, if you had a clothing-related brand, like, some type of, like, it’s stealing the story for you.
0:44:41 Like, it’s, like, or not stealing.
0:44:43 It’s giving you the hook.
0:44:44 Do you know what I mean?
0:44:44 Exactly.
0:44:45 Exactly.
0:44:52 And, by the way, like, people in our world and business tech are always talking about the, like, Lindy-ness of something.
0:44:54 How long has something existed for?
0:44:59 And it’s like, you are learning from millions of years of evolution, right?
0:45:04 Of these animals that have become purely optimized for this purpose.
0:45:11 And to your point, I think, like, the marketer in both of us is like, what could, you know, what products could you make off of this?
0:45:15 Like, there’s one of, like, otters, where it’s like, it keeps heat in and cold water out.
0:45:16 So, otters.
0:45:21 And I’m sure every single wetsuit company has, like, stolen this marketing for their branding or whatever.
0:45:23 But, like, so, it’s, like, really fascinating.
0:45:23 Sorry, go ahead.
0:45:27 Well, did you ever see, you know Mischief, right?
0:45:28 Mischief, the brand?
0:45:32 Mischief is the company that, like, weird projects.
0:45:38 Like, they did, like, a blood shoe with Lil Nas X or something like that.
0:45:42 Yeah. Yeah. So, they’ve done a ton of shoe collabs.
0:45:47 They did one. I think it was, I don’t remember if it was with Jimmy Kimmel or they just announced it.
0:45:49 But it was called the Gobstomper.
0:45:50 Did you ever see this?
0:45:50 No.
0:45:52 I thought they were kind of cool.
0:45:58 They basically, the bottom of the sneaker comes gray at first.
0:46:05 And then as you wear it more, basically, like, as your shoe wears away, it looks like a Gobstopper.
0:46:06 And it was just, like…
0:46:10 Which is the candy that you suck on and each shell, layer of shell, it turns colors.
0:46:10 Okay, cool.
0:46:11 Yeah, exactly.
0:46:15 And so, my, like, you might think this is the silliest idea ever.
0:46:21 But when I went to the Galapagos and I saw these red-footed and these blue-footed boobies.
0:46:28 And by the way, fun fact for the listeners, the reason that these birds have different colored feet is because of what they eat.
0:46:30 Which I just thought was, like, so strange and interesting.
0:46:38 Basically, like, the two different birds on different islands eat different things and that ends up impacting the pigment in their feet.
0:46:45 But imagine a sneaker brand that was, again, stick with me here.
0:46:49 This might be a really awful idea that’s related to health in some way.
0:46:51 So, like, let’s say you’re wearing a CGM.
0:47:02 And on your shoes, your shoes change color in some way based on, like, if you’re in range or some other metric that you care about.
0:47:08 But basically, you’re able to signal something in a way that changes through your feet.
0:47:09 Awful idea.
0:47:14 Well, it could be like if, you know, we could show your fertile or something.
0:47:16 It would help with the whole lot lizard thing.
0:47:19 It’s like those parties, right?
0:47:21 Where you wear, like, what are they called?
0:47:22 The stoplight parties?
0:47:23 Where you wear red.
0:47:24 Yeah, yellow, red, or green.
0:47:26 That’s pretty funny.
0:47:27 So, stoplight shoes.
0:47:29 Maybe that’s a better version of the idea.
0:47:34 We just put all of our blood work on our, you know, like, I don’t have a thyroid issue.
0:47:35 I’m good.
0:47:40 Yeah, your, like, your function health results show up in your, in, like, a pendant around your neck.
0:47:43 Let’s, let’s, let’s end here.
0:47:44 I think we got a ton of stuff.
0:47:46 Steph Smith, thank you very much.
0:47:48 Internet pipes, stephsmith.io.
0:47:49 Is that your website?
0:47:51 Technically, yes.
0:47:52 I haven’t updated it in a while.
0:47:57 But, yeah, if people are interested in internet pipes, I think we dropped a code last time, MFM, if people want to use.
0:48:01 And they can get that, that digits database of 100 stats.
0:48:07 We talk about shipbuilding, disaster insurance, you know, tech literacy, nomad visas, all that good stuff.
0:48:07 All right.
0:48:08 God bless America.
0:48:09 We’re done.
0:48:10 That’s it.
0:48:10 That’s the pod.
0:48:11 Thanks, Sam.
Want to spot trends before they explode? Get the guide here: https://clickhubspot.com/wdv
Episode 700: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Steph Smith ( https://x.com/stephsmithio ) about business trends that are currently untapped and ripe for opportunity to build businesses around.
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Show Notes:
(3:00) Trend 1: Hearing Loss
(11:33) Trend 2: eVTOL
(17:42) Trend 3: Psychedelics
(24:26) Trend 4: New Job Skills
(42:50) Trend5: Nature technology
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Links:
https://www.faa.gov/newsroom/new-rule-faa-ready-air-travel-future
Psychedelics Legalization & Decriminalization Tracker
https://x.com/stephsmithio/status/1877418726485799283
https://www.amazon.com/Immense-World-Animal-Senses-Reveal/dp/0593133234
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Check Out Shaan’s Stuff:
Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd
—
Check Out Sam’s Stuff:
• Hampton – https://www.joinhampton.com/
• Ideation Bootcamp – https://www.ideationbootcamp.co/
• Copy That – https://copythat.com
• Hampton Wealth Survey – https://joinhampton.com/wealth
• Sam’s List – http://samslist.co/
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano