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Twitch spun out of Justin.tv and that obviously was a great success. Socialcam was a spin off from Justin.tv. Exec sold to Handy, which was a decent outcome. As far as the other projects, there haven't succeeded in a desired startup way, and there is no sense in counting them. Now Justin is focused on Atrium as his next company.

Chamath thinks the next crisis is coming in 3-5 years in the debt markets. When companies start defaulting on their debt, the LPs are going to lose a tremendous amounts of money. When huge loses come in, those LPs are going to start liquidating, starting at hedge funds with easy redemption cycles. It won't be enough because the loses will outpace the bills. At that point the LPs are going to sell their venture investments, and that's when they will start asking hard questions around valuations, and why their money was actually put to play in these worthless companies. This impending crash is why venture capitalists are accelerating their fundraising and investments, raising more and investing more, while they still can.

Because the devices have evolved dramatically. All media eventually becomes obsolete. Digital storage has become expensive and none of our devices stand against the test of time.

There are various ways that depend on who you are. For Vlad, he disassociates his personal worth and the company's worth from other people’s accomplishments. It's freeing to see that what he's doing is important in the world. What keeps Vlad sane is seeing the kind of positive impact his company has made in other people's lives.

It is all about relationships and is not a set strategy. Each child is different.

A benefit of this degree is that it sometimes allows potential employees to be taken more seriously by potential employers. It is not always necessary, though, as there are alternate ways to acquiring these skills (i.e. those who are self-taught).

It means that you should reconsider what you’re doing. When you’re on to something that has value, you will see responses and fruition from it. You may not get early wins right away because it takes time to build up your audience. If it’s something you truly believe in, don’t give up.

Martin Tobias states that the cause of it was from a poker game, which he won $15,000. He started meditating, but wanted to find out a technology hack to meditate better. He discovered one, but it cost the same amount of money he won at the poker game. He partnered with his friend, Dave, and became part of Bulletproof Labs due to the 40 Years of Zen program.

Bernard shares how he learned to play poker while in school and made $120k.

Wisdom is understanding long term consequences of your actions.

Whether that's in sports or medicine or life or love or investing or technology or business, if you understand the long term consequence of your actions and you behave for a good long term outcome, then you will naturally appear wise because you would be forward-looking.

Affiliate program is a program where someone with an audience refers your product to their audience, in order to make actual money in return.

To launch a successful affiliate program a few things need to happen. The business need to be making money, and have enough margins to pay affiliate fees. Customer onboarding has to be flawless to make sure those referrals actually convert to paying customers, thus causing affiliates to get paid. Lastly, your market actually needs to have influencers with large enough audiences that running an affiliate program makes sense.