#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto

My First Million

Hubspot

Entrepreneurship, Investing, Business

4.8 • 2.7K Ratings

🗓️ 5 May 2021

⏱️ 157 minutes

🔗️ Recording | iTunes | RSS

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Summary

Shaan (@ShaanVP) and Sam (@TheSamParr) host Balaji (@balajis) this episode. This is an amazing dive into Balaji's mind. He talks about the current issues with the media and how he's hoping to fix it with crypto and the blockchain. We also get a look at how he views the world, what motivates him, what he's been wrong about as well as the massive shifts he sees happening. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (0:00) Intro * (2:30) Balaji's background * (7:33) Why Balaji started a newsletter: 1729 * (22:40) The media and its biases * (31:58) Balaji on memes and their importance * (37:45) What the future of media looks like and the role of crypto * (56:26) When did Balaji get into crypto? * (1:01:30) Sam asks Balaji what motivates him * (1:11:50) How the world is changing and becoming more Balaji-like * (1:19:39) What would 21 year-old Balaji work on? * (1:22:46) Why geographical proximity is no longer linked to cultural proximity * (1:26:25) How we can align incentives between tech and everyone else * (1:32:30) Balaji on crypto-social networks * (1:37:30) How Balaji operates day-to-day and "the idea maze" * (1:47:33) The importance of finding the right place to live * (1:57:30) What it's like to talk to Balaji * (2:02:08) What has Balaji been wrong about? * (2:11:00) Science vs. math: getting to the truth * (2:21:10) Balaji asks Sam for newsletter advice * (2:24:40) What are Balaji's guilty pleasures

Transcript

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0:00.0	Are you aware of what it's like to talk to you?
0:03.6	Um, no.
0:08.1	I feel like I can rule the world.
0:10.0	I know I could be what I want to.
0:13.0	I put my all in it like no days.
0:14.9	All on a road.
0:16.0	Let's travel never looking back.
0:17.9	We got a good pod and we got a good guest here.
0:20.0	This is probably.
0:22.3	All right.
0:22.8	Before I introduce our guest,
0:24.4	I'm going to butter him up a little bit.
0:26.3	I'm going to butter him up because, um,
0:28.4	um, I'm genuinely excited for this.
0:31.0	I there's probably like three or four podcasts so far that I'm like,
0:33.8	oh, yeah, this is one that I wake up in the morning.
0:36.1	I'm excited to do.
0:37.0	I know that if we do a good job,
0:38.4	this is going to be what people's favorite podcasts.
0:40.2	Why is that?
0:40.8	Well, this is the part.
0:42.5	Not morning for us, Sean.
	...

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