Chamath on why young people need more agency, risk, and adventure

**Chamath Palihapitiya** (0:00)
I think you have to have a prepared mind. There are many forms of capital. If you're lucky enough, you can be in a position to allocate time, reputation, influence, human capital.

**Jason Calacanis** (0:10)
If you can productize your passion, you're gonna have such great joy in your life. And somebody had put into the waiting that the founders were coachable. All of our money's made with the uncoachable ones.

**Chamath Palihapitiya** (0:19)
Exactly.

**Jason Calacanis** (0:19)
They're supposed to be sharp, they're diamonds, folks.

**Chamath Palihapitiya** (0:22)
You can be as successful as you want, but then there's just a lot of people that stop, and then there's a certain core group of maniacs that never stop. You got one trip around the sun, just never stop. Do all the things you want to do, just never stop.

**Jason Calacanis** (0:41)
All right, everybody, welcome back to This Week in Startups. It's the summer, and what do we do in the summer? We do the next unicorns, we think about who are those next companies, and we do the twist all-stars. Why do we do the twist all-stars? Because there are some people that share three qualities. One, deep, deep knowledge, experience. They got nuggets of gold. Number two, they're willing to share them. They're iconoclastic, they're outspoken. They will tell you everything.
And then number three, they vibe with your boy Jay Cal. They got a vibe.
So you're gonna get ten of those this summer. And the first one is my guy, Chamath Palihapitiya. I don't want to lose a single gem, a diamond he's gonna drop today. So what do I do? I got my Plaud pin on. Look, it's on my t-shirt. No problem.
Press the button. I get the haptic. It's recording, organized in my Plaud using AI. And I'm just gonna give it an instruction up top. Hey, make sure I take these into action items and analyze them against my three businesses, the Syndicate, my fund and programs like Launch Festival and the Launch Accelerator and against my media business, This Week in Startups, This Week in AI. Take Chamath's knowledge and analyze my businesses with every drop of knowledge he does. Now that's in my pin.
I just had this idea. Take Chamath's knowledge and put it against my businesses. It's like getting Chamath as a consultant. And that's all enabled by Plaud.
You have to applaud Plaud for making such a world-class device. There's some folks who you just love as the Twist audience, as founders. They typically have three things in common. One, deep expertise. Two, willingness to share it candidly. And third, a vibe with the host. The vibes are immaculate. Top of that list is my bestie Chamath Palihapitiya, who's making his fourth or fifth appearance around This Week in Startups. And my lord, we've done 260 episodes of All-In as well. It's crazy, huh?

**Chamath Palihapitiya** (2:42)
What's up, bestie?

**SPEAKER_3** (2:43)
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**Jason Calacanis** (3:21)
So to kick us off, one of the great jokes I would have to tweak Chamath, one of the few things I could tweak him about, no, not his fashion, no, not his op-list.

**Chamath Palihapitiya** (3:32)
Not my self body and rock hard abs.

**Jason Calacanis** (3:35)
None of that. It was the fact that, hey, a decade ago, he was one of the few of us who hadn't started a company. Well, now that's changed dramatically.

**Chamath Palihapitiya** (3:44)
What do you consider social capital? That was a company.

**Jason Calacanis** (3:46)
I mean, starting a firm is very close to starting a company, but slightly different. A firm is slightly different than a company because you don't have exactly customers, products in the same way. You're managing assets, right? I consider it adjacent, right? I don't know how you feel.

**Chamath Palihapitiya** (4:02)
Yeah. Founder adjacent. I was founder adjacent.

**Jason Calacanis** (4:04)
It's founder adjacent. I mean, you could be the founder of a fund, but really making a product or service is hard. Since that time, I was just thinking about it before I got on air here and I was walking down the road at the ranch. You've been in a flurry. People don't know, but you have two wonderful products that I love the branding on. Drink With Me or Us. It's Drink With Me and then Learn With Me. What I love about those two products is your passion, learning and wine.