Really, what angel investing is about is you're playing at a game where the implied odds

are beyond what exists in the normal world. So then you have to reconfigure your brain

and your brain chemistry because you can withstand 50 losses, 100 losses, and make up for it with

the 101st that pays off 200 to 1.

Hello and welcome. I'm Shane Parrish and you're listening to another episode of The Knowledge Project,

a podcast dedicated to mastering the best of what other people have already figured out.

This podcast and our website, FES.log, help you better understand yourself in the world around you

by exploring the methods, ideas, and mental models from some of the most incredible people in the world.

If you enjoy this podcast, we've created a premium program that brings you even more.

You'll get ad-free versions of the show, early access to episodes, transcripts, and so much more.

If you want to learn more now, head on over to FES.log slash podcast or check the show notes for a link.

Today I'm talking with Jason Callacanis, tech entrepreneur, angel investor, and so much more.

This conversation focuses on poker, investing, decision-making, the culture of Silicon Valley,

wealth distribution, and how systems enable or forbid.

I just want to say this episode touches on politics a little more than we normally do.

Wasn't intentional. It's just a byproduct of the organic conversation we had.

It's time to listen and learn.

The knowledge project is sponsored by MetalLab. For a decade, MetalLab has helped some of the world's

top companies and entrepreneurs build products that millions of people use every day.

You probably didn't realize it at the time, but odds are you've used an app that they've

helped design or build. Apps like Slack, Coinbase, Facebook Messenger, Oculus, Lonely Planet,

and many more. MetalLab wants to bring their unique design philosophy to your project.

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