20VC: The Future of TikTok; Is it a Danger to US National Security| Why the "Woke Mind Virus" is a "Post-Modern Religion" and Is it Too Late to Reverse | Why the Education System is Broken | Investing Lessons from Wish, Palantir and Lady Gaga | Joe Lonsda
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 637 Ratings
🗓️ 11 March 2024
⏱️ 58 minutes
🔗️ Recording | iTunes | RSS
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Summary
Joe Lonsdale is the Founder and Managing Partner at 8VC, an early-stage venture capital firm managing over $6 billion in capital. In 2003, he founded Palantir Technologies. Since then, he has founded over a dozen companies, including Addepar, a wealth management platform helping investors manage over $5 trillion, and OpenGov, recently sold for $1.8BN.
In Today’s Episode with Joe Lonsdale We Discuss:
The Making of a Multi-Unicorn Founder:
- What was Joe like as a child? How would his parents and teachers have described him?
- What does Joe know now that he wishes he had known when he started his career?
- How does Joe view the importance of luck and skill in success?
America’s New Dawn: Navigating Frontiers and Accountability
- What did Joe mean by describing America as a “frontier nation”?
- How does Joe contrast America’s frontiers with Europe’s social safety nets?
- How does Joe propose restoring America using the “scalpel over the sledgehammer” approach?
- How can America introduce accountability to non-profit institutions? What role do for-profit prisons play?
Woke Mind Virus
- Why does Joe consider the Woke Mind Virus a “Bad Postmodern Religion”?
- Why does Joe see Elon Musk as a key figure in challenging “woke minds”?
- Why does Joe believe the education system is a core problem? What needs to change?
- Is it too late to reverse the current state of “woke mind virus”?
TikTok, China, Israel:
- What does Joe believe is the right solution for TikTok’s ownership?
- To what extent is TikTok a danger to American national security?
- What does Joe predict will happen to China from here? What needs to change?
- How does Joe predict the next 24 months for the conflict in Israel and Gaza?
Investing Lessons: Wish, Palantir and more
- What are Joe’s biggest takeaways from the failing of Wish?
- What did Joe learn from the failed project with Lady Gaga?
- How does Joe reflect on when is the right time to sell?
- How does Joe reflect on his own relationship to money?
Transcript
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| 0:00.0 | I think you're taught to shut up and virtue signal and be very careful what you say. That's the exact opposite of what a liberal education is supposed to be. You think these kids at these top universities are pursuing truth? They're not pursuing truth. They're pursuing how to advance themselves by shutting up and going along. But it takes courage. It takes one person saying, no, this is ridiculous in being willing to stand up and be that leader. And others can say, yeah, I agree with him. That's ridiculous. So, I mean, the question is, do we have enough courageous people to lead us out of this? This is 20 VC with me, Harry Stebbings, and my word, what a show we have for you today with one of the most interesting people in startups, Joe Lonsdale. Now, Joe is the founder and managing partner at 8VC, an early stage venture firm managing over $6 billion today. |
| 0:40.4 | Now, Joe is the founder and managing partner at 8VC, an early stage venture firm managing over $6 billion today. |
| 0:40.4 | Now, in 2003, Joe co-founded Palantir, which now has a market cap of over $57 billion. |
| 0:46.6 | Since then, he's gone on to found over a dozen companies, including Adipar, most recently valued at $2.1 billion, and OpenGov, recently sold for 1.8 billion. |
| 0:56.3 | In this discussion, we discussed China, Israel, the rise of woe-mine virus, and so much more. |
| 1:02.2 | It's a very wide and broad discussion, and I want to say a huge thank you to Joe for being |
| 1:07.0 | so open and honest with it. But before we begin, I need to tell you about Hive. |
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