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Aftering living in rural Utah and then moving to San Francisco, Austen saw that places with less access to work have just as many qualified talent, but this talent does not have as much opportunity to connect with jobs.

These results should be a wakeup call for teens because it showed that the natural and necessary fear and guilt that protected teens from unsafe situations became numb when they repeatedly choose risky behaviors.

It works better to get real than to get focused. Do less, but better. Think small and increment yourself there. Too often, we want to talk about abstracts and be inside our heads.

It's because you have gas in your intestines and it has to come out. Based on loose data from the 1970s, you have between 30 to 200 milliliters in your gastrointestinal tract at any given time.

Literally everything else.

It's important to understand that most software-companies follow a power-law distribution, where a small number of users does so much volume, revenue coming from their accounts ends up paying for everyone else. Getting this customers requires the company to spend insignificant time on each, but when successful, it pays pack many-fold.

When Gumroad failed to raise Series B, they could not afford to have sales team anymore, and they could not build all of the features anymore, but that actually helped them grow. Instead of focusing on whales, Sahil was now able to focus on customers who legitimately loved and used his software to start their businesses.

Being a self-service platform, they could no longer support all the big accounts, but they could spend time helping millions of people who were just getting started.

San Francisco was "too expensive" in the 90s. Michael was paying about $650 for a Studio apartment in the Mission. It was a lot, given his salary was about $3,200 a month.

She is excited about the scooter and bike services that are available in some big cities around the country. Katie states how these transportation services are better and hope that they are being integrated well in big cities.

Early on in her career, Katie finds things to be more fulfilling and enjoyable when she’s looking from a distance and seeing the positive impacts and actions that affect people around her. She acknowledges how there are more talented people in her design team, so she enjoys helping these people bring the ideas to life.

Joel believes that when a company democratizes the ideas of discovering, collaborating, and getting inspiration to build products, it becomes an awesome thing.

Y Combinator standardized a traditionally slow and tedious process by applying batch processing and technology.

While a traditional venture firm was able to invest in ~2 companies per year, per partner, Y Combinator was able to fund dozens of companies, twice a year.

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.