From PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview
April 26, 2024
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54:51Now PlayingFrom PayPal Intern to Starting 4x Billion-Dollar Companies | Joe Lonsdale Interview
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as posted by the channelGet our business idea database here ➡️
Episode 578Shaan Puri ( ) sits down with Joe Lonsdale ( ) to talk about how he leveraged one internship at PayPal into one billion dollar success after another. Today Joe is Managing Partner of 8VC and an early investor in Anduril.
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Show Notes:
(0:00) The One Reason strategy
(3:18) Learning Global Macro Finance from Peter Thiel
(5:35) Taking multi-million dollar bets at 4:30am
(8:43) Hire for raw IQ over expertise
(10:33) Nurturing employees into unicorn founders
(12:24) Solving hard problems with Addepar
(13:53) Always “Being on”
(15:32) How to spot opportunities for new businesses
(21:10) How Epirus landed a military defense contract
(27:09) Getting hits in hard domains
(28:24) Business Idea: AI-powered Estate Planning
(29:19) Business Idea: Business Process Outsourcing for local government
(30:58) Big swings vs. base hits
(31:49) Idea vs. execution
(32:38) Focus vs. diversity of thought/attention
(33:33) Insights from Elon’s inner circle
(35:36) Joe Lonsdale’s unfair advantages
(38:48) How to invest your time to make your first $1M
(40:40) Working on an A+ problem as an intern at PayPal
(43:15) Be within 2 standard deviations of top talent
(44:14) Early days at Palantir
(46:56) Building a top engineering culture
(48:31) Borrowing trust as 21-year old defense contractor
(52:22) Peter Thiel’s biggest contrarian bet
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• Joe's Twitter
• Joe's blog
• Joe's podcast
• Lessons from Peter Thiel
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Check Out Shaan's Stuff:
• Shaan's weekly email
• Visit to hire global talent (like Shaan does) and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than their US equivalents.
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Check Out Sam's Stuff:
• Ideation Bootcamp
• Copy That
• Hampton Wealth Survey
💰 Pitch your startup for a shot at a $1M investment with Sam Parr as the MC
My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
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