00:00:00
one question I get a lot is if you were
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25 years old where would you live to
00:00:04
maximize your financial returns this is
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the most obvious answer in the world
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which is the Bay Area the reason is this
00:00:10
is the place where you go to get work
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done there's a reason why most of the
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Magnificent Seven were founded and built
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and scaled not just specifically in the
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Bay Area but in the peninsula meaning
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South of San Francisco the interesting
00:00:22
thing about paloalto is that there's
00:00:24
literally nothing to do there it's a
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place where you come to work if you're
00:00:27
trying to do something really important
00:00:29
it takes enormous dedication almost to
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the point of having no other priorities
00:00:34
and that is much easier to do in a place
00:00:36
where there are no distractions than in
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a place like New York or Miami these are
00:00:39
not the places I typically think of as
00:00:41
aggregating Talent who will basically
00:00:43
dedicate themselves at all costs to an
00:00:45
idea startups are those they are these
00:00:47
very ambitious ideas that can very
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quickly die if people don't breathe life
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into it and I think you're much more
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likely to do that when you have nothing
00:00:56
else to do except to give your life to
00:00:58
that idea
