Smash Notes

Back to Jason Calacanis - Entrepreneur turned Investor shares his insight about success, hard work, education, and the future., with Jason Calacanis.

What Are the Unintended Consequences of Covid19 Lockdown

"It's not even necessary money over people, because that would be like looking at it in the most first order, you know, superficial way. It's if a large number people lose their jobs cannot afford health care. Stop going to Dr Start abusing opioids or alcohol. Ah, full into depression commits suicide because they go bankrupt like you can actually track these things.

It just takes a moment of taking a deep breath and saying, Oh, there are second order effects and buried water effects of every action, and we have to think holistically when we do things in different systems in the world. So for every time you put an incentive out there, it could have dire consequences that you didn't expect the unintended consequences of actions at scale are things you really need to theorize in question and debate. And now you've got people who don't want to do that because crazy like you were talking about taking major action here, Should we be canceling?

Whoa, ah, student debt. Should we be giving businesses blank checks? Where should we be buying equity? Or should we be giving them loans? Should be giving them loans with no interest rate or some interest rate. If we have loans with that with an interest rate than people who have savings,

get interest that they could then spend if we don't have interest within, businesses can take money for free money and build more companies and build the economy faster. Okay, which is better? It's like, Yeah, I don't think anybody actually has the answer to that question of having no interest rate and more people investing in building things or having a modest interest rate or a medium interest rate that allows people to make money off of their savings, which they can then put to work.

And it promotes a healthier environment where people save more. Right now, there's no incentive to save. Obviously, if you've got 10% or 15% on the money you have in the bank, people like I'm gonna try to get 100,000 in the bank so I could make 15,000 on my interest. Now it's what I put 100,000 in the bank and get back $94,000 in 10 years. That doesn't make any sense."

Transcript

Jason Calacanis - Entrepreneur turned Investor shares his insight about success, hard work, education, and the future. ·

Geek at Sea

More from this episode

  1. What Makes for a Healthy Work-life BalanceIt all depends on your aspirations. If you desire to start a billion-dollar venture backed high-growth company, you are going to have to work harder.
  2. Why Are People Feeling So Helpless TodayJason speculates that we are now living in a society where surviving has gotten so easy that it removes the edge and fear.
  3. Does Jason Calacanis Think a College Degree Still Decides a Career?Jason Calacanis told Geek at Sea that by 2020 a hiring manager should take the person who can do the work, degree or not.
  4. What Does Jason Calacanis Think of Bootstrapped Businesses"Bootstrappers are my people." ~ Jason.
  5. Did Jason Calacanis Say Go Deep or Go Wide?Jason Calacanis told Geek at Sea to reach 60 or 70 percent on many skills and to be truly good at one or two.
  6. Are You Friends With the Right PeopleThe most successful founders are opportunistic and take control of the world. They never feel victimized.
  7. How Do Silicon Valley Entrepreneurs Solve ProblemsWhen faced with a challenge, the most successful people in the valley ask questions, they immediately start collecting data about the world and process and…
  8. Did Jason Calacanis Want Lockdown Policy Judged by Its Side Effects?Jason Calacanis told Geek at Sea that a COVID-19 lockdown has effects you miss if you count only the first one.
  9. Did Jason Calacanis Keep Investing Through the 2020 Downturn?Jason Calacanis told Geek at Sea he would be massively active during the crisis and after it.
  10. What Is Jason Calacanis's Investor Syndicate?Jason Calacanis told Geek at Sea he had stopped investing as a Sequoia Scout. He has his own fund and thesyndicate.com.
  11. How Long Did It Takes Jason to Write Angel"Brian Alvey would come over, he came over, I think 29 times on I would do about two or 3000 words. He would come over.
  12. How Can You Learn a New Skill in 2020YouTube! Open YouTube and look up how to do whatever it is that you need to do. There is a video out there for mostly everything.
  13. What Does Jason Do With His Family in LockdownJason and family are big on Montessori and Reggio activities, tools and techniques which center around the child. Anything the child can do, let them do it.
  14. How Would You Instill Confidence in KidsWhen you practice martial arts or you learn how to use a firearm, you learn how fragile you are.
  15. What Does Jason Look for in LAUNCH FoundersJason wants founders who are resilient, and hungry for the opportunity.
  16. How Did Jason Calacanis Meet Jeff BezosWhen Jeff Bezos was still angel investing, he offered to meet Jason in Seattle if Jason was ever in town.
  17. What Would Jason Like to Convey to His Kids With His Last BreathHe loves them, and he will always be there with them, and that they can do anything if they put in the effort, and do the work.

People

More answers like this

More with Jason Calacanis

More with Kirill Zubovsky

Related episodes

Plays from this note through the rest of the episode.

Note

Weekly highlights

One letter a week.

The notes worth hearing, with the minute they were said.