E1057: Founders Fund General Partner Keith Rabois on stock market bounce back, domain expertise being overrated, US/China issues, 2020 election, recipe for startups success, chaos making way for a new generation of entrepreneurs & much more!

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 12 May 2020

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

0:56 Jason intros Keith Rabois and checks in on his quarantine, Zoom's heightened exhaustion factor & more
5:46 What will the lasting impact of COVID be on Silicon Valley & the startup funding landscape?
8:18 How the early 2000's dot-com bust paved way for a generation of new founders & why the PayPal mafia of outsiders thrived in chaos & became the establishment
14:23 What has happened to intellectual debate during COVID-19? What are first principle thinkers and why are they important to problem-solving?
20:53 Is domain expertise overrated?
22:39 Keith's on his pinned tweet about his perceived recipe for startup success
26:50 In which verticals did Keith find outliers using his low-NPS/fragmented/vertical solution strategy?
32:15 History on US relationship with China, has Trump been right on China threat, should US try and bring manufacturing back from China?
44:41 China's involvement with whistleblowers, benefits of litigation knowledge as a VC, world's reaction to China mishandling COVID info
50:40 Has Biden been soft on China? How will that play into the 2020 election?
1:00:51 Why is the stock market bouncing back so quickly with record-setting unemployment numbers? Will there be another correction?
1:03:59 What is Keith seeing across his portfolio? M&A opportunity for companies like Lyft?
1:09:34 Keith shares thoughts on the right time to go public
1:13:50 Impact of 20% unemployment on startups over the next year, mental impact of lockdown & social isolation
1:20:40 Keith's most positive outlook going forward

Transcript

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0:00.0	This Week in Start-Up's is brought to you by Send Pro Online from Pitme Bowes.
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0:27.3	LinkedIn.com slash this week in startups and Silicon Valley Bank who in partnership with Founders
0:36.5	Pledge has formed the COVID-19 global impact and innovation fund. This fund will deliver resources directly to organizations
0:45.5	that can help make the most immediate impact in the fight against COVID-19.
0:50.4	Learn more at CVB.com slash impact.
0:55.4	Hey everybody, hey everybody,
0:57.0	everybody, welcome to another episode of this week.
0:58.6	In startups, we are here in month two on day 56 of my shelter and place quarantine and I'm losing my
1:06.5	goddamn mind who if this is not easy for me a hundred percent extroverted on the
1:11.2	Myers-Briggs test. But I have found great joy in doing the
1:16.3	podcast and continuing on and it's really great to see how we've really
1:22.4	mitigated against the coronavirus here in the Bay Area and it seems like we're going to start getting to work or going back to work slowly and I'm looking forward to that.
1:32.0	And today we're going to have a wide-ranging discussion with slowly and I'm looking forward to that.
1:32.7	And today we're going to have a wide-ranging discussion with long-term friend of the pod, Keith Reboy.
1:37.7	He's obviously a general partner over at Founders Fund.
1:40.8	Serial chief operating officer, I think is probably what you're known for just
1:45.6	being a great operator and a great thinker. Welcome back to the program Keith.
1:48.7	Pleasure to be with you. How are you holding up under this? I'm assuming you went into shelter and place in the you March 16th, so right on time, not before, not after. I'm going a little bit insane, stir crazy, even though I'm very introverted, being
	...

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