Transcript: <a href="http://spearhead.co/rapid" rel="nofollow" target="_blank">http://spearhead.co/rapid</a>

Rapidly Growing Valuations Shouldn’t Scare You Off

Transcript: <a href="http://spearhead.co/art" rel="nofollow" target="_blank">http://spearhead.co/art</a>

Reading Social Proof Is an Art Form

Transcript: http://spearhead.co/social-proof

Transcript: <a href="http://spearhead.co/social-proof" rel="nofollow" target="_blank">http://spearhead.co/social-proof</a>

Social Proof Is a Valid Signal

Transcript: <a href="http://spearhead.co/metrics" rel="nofollow" target="_blank">http://spearhead.co/metrics</a>

Ask About the Metrics They’re Not Showing You

Transcript: http://spearhead.co/exaggerate

Transcript: <a href="http://spearhead.co/exaggerate" rel="nofollow" target="_blank">http://spearhead.co/exaggerate</a>

It’s Easy to Exaggerate Early Traction

Transcript: <a href="http://spearhead.co/traction" rel="nofollow" target="_blank">http://spearhead.co/traction</a>

Everything Is a Proxy for Traction

Transcript: <a href="http://spearhead.co/finish" rel="nofollow" target="_blank">http://spearhead.co/finish</a>

Early Winners Don’t Always Make It to the Finish Line

Transcript: <a href="http://spearhead.co/credible" rel="nofollow" target="_blank">http://spearhead.co/credible</a>

Invest in the First Credible Mover

Transcript: <a href="http://spearhead.co/platform" rel="nofollow" target="_blank">http://spearhead.co/platform</a>

Monopolies Fall When Platforms Shift

Transcript: http://spearhead.co/monopolies

Transcript: <a href="http://spearhead.co/monopolies" rel="nofollow" target="_blank">http://spearhead.co/monopolies</a>

A Lot of Great Tech Businesses Are Natural Monopolies

Naval on angel investing. David Sacks on scaling. On Twitter at @spearhead.

Insightful perspectives that are communicated in a practical way.

Love the bite sized wisdom

This podcast is great. I would also recommend following Naval on Twitter.

A dripping faucet of wisdom

Spearhead

You have to work from first principles and make up your own mind. • Be non-consensus right • Don’t learn how to invest from the commentariat   • The larger your herd, the worse your returns Transcript: http://spearhead.co/non-consensus

You have to work from first principles and make up your own mind. • Be non-consensus right • Don’t learn how to invest from the commentariat   • The larger your herd, the worse your returns Transcript: <a href="http://spearhead.co/non-consensus" rel="nofollow" target="_blank">http://spearhead.co/non-consensus</a>

Be Non-Consensus Right

Create your own dealflow by helping companies get started. • Be a shadow co-founder to create your own dealflow • Get valuable pro-rata rights by investing pre-seed Transcript: http://spearhead.co/pre-seed

Create your own dealflow by helping companies get started. • Be a shadow co-founder to create your own dealflow • Get valuable pro-rata rights by investing pre-seed Transcript: <a href="http://spearhead.co/pre-seed" rel="nofollow" target="_blank">http://spearhead.co/pre-seed</a>

Be a Shadow Co-Founder

Investing keeps founders sharp—and plugged into what the best startups are doing. • Founders want to be backed by other founders • Investing aligns interests • Advisors have adverse selection Transcript: http://spearhead.co/founders

Investing keeps founders sharp—and plugged into what the best startups are doing. • Founders want to be backed by other founders • Investing aligns interests • Advisors have adverse selection Transcript: <a href="http://spearhead.co/founders" rel="nofollow" target="_blank">http://spearhead.co/founders</a>

Founders Backing Founders

Branch out from there after you’ve built your reputation. • Branch out after you’ve exhausted your network Transcript: http://spearhead.co/deals

Branch out from there after you’ve built your reputation. • Branch out after you’ve exhausted your network Transcript: <a href="http://spearhead.co/deals" rel="nofollow" target="_blank">http://spearhead.co/deals</a>

The Best Deals Come from Your Network

If there’s no technical team, you’re not investing in technology. Transcript: http://spearhead.co/technical

If there’s no technical team, you’re not investing in technology. Transcript: <a href="http://spearhead.co/technical" rel="nofollow" target="_blank">http://spearhead.co/technical</a>

Invest Only in Technical Teams

It’s a gold rush era in technology hubs like Silicon Valley. •  If you’re not in a tech hub, the odds are stacked against you •  There are about two dozen tech hubs in the world  •  Silicon Valley is a more forgiving place to invest •  The best indicators of a startup hub are exits and later-stage investors Transcript: http://blog.spearhead.co/hub

It’s a gold rush era in technology hubs like Silicon Valley. •  If you’re not in a tech hub, the odds are stacked against you •  There are about two dozen tech hubs in the world  •  Silicon Valley is a more forgiving place to invest •  The best indicators of a startup hub are exits and later-stage investors Transcript: <a href="http://blog.spearhead.co/hub" rel="nofollow" target="_blank">http://blog.spearhead.co/hub</a>

Living in a Tech Hub Is Half the Battle

Invest in people with high energy, intelligence and integrity.   Transcript: http://spearhead.co/nice

Invest in people with high energy, intelligence and integrity. Transcript: <a href="http://spearhead.co/nice" rel="nofollow" target="_blank">http://spearhead.co/nice</a>

You’re Not Investing in Nice People

If the market never shows up or shows up late, your brand is shot. • Top VC firms rarely specialize • Mistimed or unrealized markets cost investors a lot of money Transcript: http://spearhead.co/vertical

If the market never shows up or shows up late, your brand is shot. • Top VC firms rarely specialize • Mistimed or unrealized markets cost investors a lot of money Transcript: <a href="http://spearhead.co/vertical" rel="nofollow" target="_blank">http://spearhead.co/vertical</a>

Don’t Build a Brand in a Narrow Vertical

Transcript: <a href="http://spearhead.co/repeat" rel="nofollow" target="_blank">http://spearhead.co/repeat</a>

‘First-Time Founders’ Often Have Been Tinkering for Quite a While

Repeat Founders Don’t Really Want to Start Over From Scratch

Transcript: http://spearhead.co/blitzfail

Transcript: <a href="http://spearhead.co/blitzfail" rel="nofollow" target="_blank">http://spearhead.co/blitzfail</a>

Blitzfail: Why Startups Go off the Rails

Transcript: <a href="http://spearhead.co/fast" rel="nofollow" target="_blank">http://spearhead.co/fast</a>

Moving Fast May Mean You're Not Really Moving at All

I pitched growth hacking to Twitter; they passed on it—but they let me invest. • Ryan Hoover and Patri Friedman have interesting brands Transcript: http://blog.spearhead.co/started

I pitched growth hacking to Twitter; they passed on it—but they let me invest. • Ryan Hoover and Patri Friedman have interesting brands Transcript: <a href="http://blog.spearhead.co/started" rel="nofollow" target="_blank">http://blog.spearhead.co/started</a>

My Original Brand Was in Growth Hacking

Transcript: http://spearhead.co/reputation

Transcript: <a href="http://spearhead.co/reputation" rel="nofollow" target="_blank">http://spearhead.co/reputation</a>

Your Reputation Is Built by the Companies That Are Doing Poorly

There’s no better place to invest today than technology. •  There are tax benefits to angel investing •  The less efficient the market, the better you will do •  Few people can play at angel investing •  You should be doubling down on tech Transcript: http://blog.spearhead.co/gold-mine

There’s no better place to invest today than technology. •  There are tax benefits to angel investing •  The less efficient the market, the better you will do •  Few people can play at angel investing •  You should be doubling down on tech Transcript: <a href="http://blog.spearhead.co/gold-mine" rel="nofollow" target="_blank">http://blog.spearhead.co/gold-mine</a>

You're Living Inside the Gold Mine

The airwaves are too crowded for undifferentiated content and distribution. • You’re not going to build a brand simply because you want to Transcript: http://blog.spearhead.co/ape

The airwaves are too crowded for undifferentiated content and distribution. • You’re not going to build a brand simply because you want to Transcript: <a href="http://blog.spearhead.co/ape" rel="nofollow" target="_blank">http://blog.spearhead.co/ape</a>

You Can’t Build a Brand by Aping Someone Else

You’re not going to become a great tech investor by reading TechCrunch. Transcript: http://spearhead.co/scientists

You’re not going to become a great tech investor by reading TechCrunch. Transcript: <a href="http://spearhead.co/scientists" rel="nofollow" target="_blank">http://spearhead.co/scientists</a>

Invest in the Smartest Scientists in a New Field

You need to raise money, develop judgment over time and gain access to the right deals. •  Capital is the hardest or easiest to get—depending on your circumstances •  Apply the same judgment to investments as you do to yourself •  Good investors are more pessimistic than good founders •  Everybody has dealflow—the challenge is getting in the good ones  Transcript: http://blog.spearhead.co/capital-judgment-dealflow

You need to raise money, develop judgment over time and gain access to the right deals. •  Capital is the hardest or easiest to get—depending on your circumstances •  Apply the same judgment to investments as you do to yourself •  Good investors are more pessimistic than good founders •  Everybody has dealflow—the challenge is getting in the good ones Transcript: <a href="http://blog.spearhead.co/capital-judgment-dealflow" rel="nofollow" target="_blank">http://blog.spearhead.co/capital-judgment-dealflow</a>

Investing Takes Capital, Judgment and Dealflow

Transcript: <a href="http://spearhead.co/race" rel="nofollow" target="_blank">http://spearhead.co/race</a>

Startups Are a Race to Get to Scale

As the hits get bigger, it makes more sense to invest and a little less sense to start companies. •  Founder, employee or investor?  •  As the hits get bigger, it makes more sense to invest •  Angel investing is something you can do until the day you die •  Every founder should learn angel investing Transcript: http://blog.spearhead.co/life

As the hits get bigger, it makes more sense to invest and a little less sense to start companies. •  Founder, employee or investor?  •  As the hits get bigger, it makes more sense to invest •  Angel investing is something you can do until the day you die •  Every founder should learn angel investing Transcript: <a href="http://blog.spearhead.co/life" rel="nofollow" target="_blank">http://blog.spearhead.co/life</a>

Being a Founder Your Entire Life Is a Tough Road

The best podcast episodes of anyone with an interesting story. With famous guests like Obama, LeBron James, Drake, Oprah Winfrey, Richard Branson, Michelle Obama, Serena Williams, to anyone who has a unique and interesting story to tell. Add episodes you're interested into your queue below!

Best Episodes: Personal Stories & Great Interviews

The best podcasts on investing. For anyone interested in the stories in the investing industry, whether it's an interview with Ray Dalio or Ed Thorp to the writer of The Big Short. This topic includes the most fascinating stories from all the best investors. Add episodes you're interested into your queue below!