Jason Calacanis: Startups, Angel Investing, Capitalism, and Friendship | Lex Fridman Podcast #161

Jason Calacanis is an angel investor, entrepreneur, and co-host of All-In Podcast and This Week in Startups. Please support this podcast by checking out our sponsors: - Brave: https://brave.com/lex - Linode: https://linode.com/lex to get $100 free credit - Four Sigmatic: https://foursigmatic.com/lex and use code LexPod to get up to 60% off - Rev: https://rev.ai/lex to get 7-day free trial EPISODE LINKS: Jason's Twitter: https://twitter.com/Jason Jason's Website: https://calacanis.com/ Jason's YouTube: https://www.youtube.com/user/ThisWeekIn Jason's Link Tree: https://linktr.ee/calacanis All-In Podcast: https://linktr.ee/allinpodcast This Week in Startups Podcast: https://thisweekinstartups.com/about/ PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41 OUTLINE: 0:00 - Introduction 1:51 - WallStreetBets and Robinhood 12:58 - How does the WallStreetBets saga end? 16:09 - Capitalism 21:30 - Ideas vs Execution 22:37 - Learning to learn 28:05 - Risk-aversion 34:06 - Robinhood 42:33 - Parler and AWS 44:58 - Social networks 51:32 - Leadership 56:21 - Work-life balance 1:04:43 - Great leaders lead by example 1:12:29 - Advice for startup founders 1:16:56 - Clubhouse 1:17:42 - When will we fully re-open the economy 1:28:19 - Augmented reality 1:31:47 - When should a startup raise money? 1:38:43 - David Goggins 1:40:40 - Disagreement with Chamath Palihapitiya 1:53:52 - Story about Elon Musk's darkest moments 2:02:07 - Friendship SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/LexFridmanPage - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman