How To Pick Startup Winners With Jason Calacanis

Are you ready to start angel investing? In today's episode, we share the secret to creating long-term wealth, explain how to become a “sophisticated” investor, and discuss the downsides of crypto. Hosts Sahil Bloom and Greg Isenberg are joined by guest Jason Calacanis, the creator behind the All-In Podcast, a serial angel investor, and a leading entrepreneurial author. Jason explains the entrance costs to investing, shares why people need to validate their research, and then everyone places their bets on this week's “hot” stocks. ►► Want more community? Learn more here: http://trwih.com SPECIAL THANKS TO OUR SPONSORS ►► This episode is brought to you by Wealthfront, a saving and investing app that can help you earn more on your money and build wealth for your future. The Wealthfront Cash Account grows your savings at 1.40% APY, and offers unlimited, fee-free transfers to your external accounts — plus, a ton of other features that help you optimize your cash. So, if your money is earning less anywhere else, now might be a good time to make a move. Wealthfront is offering Where it Happens listeners a free $50 bonus with a $500 initial deposit to a new Cash Account. Go to wealthfront.com/Happens to claim your $50 and start growing your savings. Cash account is offered by Wealthfront Brokerage LLC, Member of FINRA/SIPC. Wealthfront Brokerage is not a bank. We convey funds to partner banks who accept and maintain deposits, provide the interest rate, and provide FDIC insurance. Rate is subject to change. Investment management and advisory services--which are not FDIC insured--are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser. ►► Did you know that one of the top reasons startups fail is bad hiring decisions? People can be unpredictable. And developers can be unpredicted, as well. Let Lemon.io take care of hiring your software engineers. They have a hand-picked roster of engineers from Europe, and we recommend them to companies we work with. Sign up at lemon.io/room for 15% off for the first 4 weeks. FROM THIS EPISODE Jason Calacanis https://twitter.com/Jason Sahil Bloom: https://twitter.com/SahilBloom Greg Isenberg: https://twitter.com/gregisenberg Production & Marketing Team: https://penname.co/ CONNECT WITH US Newsletter: https://trwih.com Twitter: https://twitter.com/_trwih Instagram: https://www.instagram.com/_trwih TikTok: https://www.tiktok.com/@_trwih Spotify: https://open.spotify.com/show/6aB0v6amo3a8hgTCjlTlvh Apple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985 SHOW NOTES 02:11 The Original Crypto Investor & “Sophisticated Investors” 06:28 Crypto Tokens: Public Market or Scheme 12:02 Where is Web 3.0 in Five Years? 15:35 Breaking Ownership with Web 3.0 17:55 The Downside of crypto 21:19 Default Centralized in a Crisis 23:39 Free to Mint NFTs 26:12 The Entrance Costs to Investing 30:05 Being Honest on Upsides AND Downsides 35:52 Validate Your Crypto “Research” 38:16 #JTrading & Betting on Disney 40:36 Super Forecasting and Creating Processes 46:06 SNAP: Buy or Sell? 49:19 BuzzFeed: Buy or Sell? 51:34 The Secret to a $10M Net Worth: Index Funds 55:26 Behind the Scenes with the All-In Podcast 1:02:44 What Motivates Jason? 1:05:08 Manufacturing Peak Experiences