5 • 683 Ratings
🗓️ 23 June 2025
⏱️ 54 minutes
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0:00.0 | So, Matt, as somebody that started their career running into burning buildings, talk about your |
0:06.8 | relationship with risk and how that's applied as you've left being a firefighter, started up |
0:13.1 | your own companies, exited companies. |
0:15.2 | How do you view risk those entire process? |
0:18.0 | Yeah, it's funny because the environments are different, but it's actually |
0:21.4 | the same mental process. But it's insane to think about. Yeah, you're making permanent decisions |
0:26.0 | very quickly with incomplete data sets. If you think about it, if you pull up to a house that's on |
0:29.9 | fire, you've got 10 seconds to decide how you're going to approach it. And maybe a business isn't |
0:34.7 | that deep or that fast, but it's the same kind of thing. You start a business. You have no idea how the market's going to react. You have no idea what your team's going to do if your product's going to be good, if it's going to work or not. You still have to make real decisions. So the risk calculus is the same from one job to the next. But I think that there's ways to, there's no way to get around the risk in either of |
0:54.5 | those professions, right, entrepreneurship or firefighting. It is inherently risky, and it's sometimes |
0:59.0 | not going to work out the way you want it to, but in both professions, you can still minimize |
1:04.3 | the downside of when it doesn't work. And I think there's ways, especially in business to like, |
1:09.1 | your business can fail, but doesn't mean your life has to fail if you architect it the right way. |
1:12.3 | So it's like taking an asymmetric bet to where you have no ceiling on your potential, |
1:17.2 | but you have a floor to the downside. |
1:19.5 | Yeah, 100%. |
1:20.1 | So talk a little bit about where we're at today, maybe make an argument for entrepreneurship |
1:26.1 | versus corporate versus employment. So you were |
1:29.9 | somebody that was gainfully employed. You were doing something that you loved because you have |
1:34.1 | to have passion if you're a freaking firefighter for service and helping others and literally being |
1:38.6 | the person that saves the day. So I'm curious, what's some advice that you can give to somebody |
1:43.1 | that is working in a profession? |
... |
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