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How Do You Go From Knowing Nothing to Starting a Company in a Complex Industry

The worst case scenario, you don't succeed, but otherwise it's mostly an upside. Talk to people, read, understand the field, do your diligent and grow your knowledge over time. Eventually you learn enough and you are no longer just a crazy person with an idea. You get to meet people who know it all, and eventually you put a team together to execute.

Transcript

Inventing the Future ·

The Knowledge Project with Shane Parrish

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  1. What Does Josh Wolfe Think About the FutureInventing the future is the best way to predict the future.
  2. What Does Josh Wolfe Say Lux Capital Does?On The Knowledge Project with Shane Parrish, Josh Wolfe says Lux Capital finds brilliant people and backs them.
  3. How Do You Distinguish Real Visionaries From the CharlatansMost important companies that are going to exist, have not existed before, so to fund them one has to take risk ,and yet while technology changes, but human…
  4. How Do You Get the Best Deals in Venture CapitalAccording to Josh Wolfe, the best way to get returns in venture is to have people agree with you, but later, meaning you'd want to seek out undiscovered…
  5. How Do You Get Someone Who Are Both Great at Science and BusinessSome of the greatest entrepreneurs in history have never ran a business before, but they were passionate about their products and figured out the rest.
  6. What Are the Patterns of Successful Leaders and EntrepreneursThe best CEOs can tell great stories and inspire others to follow them. But there are of course storytellers who are also excellent con artists.
  7. Why Did Josh Wolfe Warn Shane About Control Freaks?On The Knowledge Project, Josh Wolfe of Lux Capital tells Shane Parrish that control freaks rarely do well as CEOs.
  8. How Can Being a Parent Prepare You for Being a Better EntrepreneurPatience. You can try every technique and tactic in your arsenal, but your kids wouldn't budge. It helps to learn how to be patient in those situations.
  9. What Is One Key to Success in LifeLuck and timing play a huge role in success and failure. You might be in a good mood and write an investment check that you would not have done in bad mood.
  10. What SucksThe best of technologies start when someone sets to make a product that beats on that sucks.

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