Latest / Success Story with Scott Clary / Alex Tarnava - Inventor & Author | How to Think for Yourself in a World That Wants You to Conform
Transcript
- 0:00You said the idea for your company came from desperation.
- 0:03What were you desperate for?
- 0:04Identity.
- 0:05Salvaging my identity.
- 0:06People get stuck in asking, who am I?
- 0:09And the better question is, who am I becoming?
- 0:12We need to think about this and think about what we're doing today and how that leads us to become what we're going to be tomorrow and down the future.
- 0:20Today's guest is Alex Tarnava, an entrepreneur, inventor, researcher, and author known for his work in molecular hydrogen and health innovation.
- 0:28In this conversation, Alex shares his journey from personal health struggles to scientific research, entrepreneurship, and his philosophy on health, business, and thinking for yourself.
- 0:38What is your advice to that ambitious entrepreneur, that builder?
- 0:42Everything good in life is hard.
- 0:43You build your business by providing your value and service and showing you're better.
- 0:48So don't look for that big win.
- 0:49Look for a million small wins.
- 0:50I feel like you cannot do it by listening to existing knowledge.
- 0:54You can't build the biggest, most successful company just by copying what other people are doing.
- 0:58If you're a startup, don't hire someone with an MBA.
- 1:00They're trained to think like a multinational or the government.
- 1:03If every big competitor is doing something, don't do it.
- 1:07Do something completely different.
- 1:12MyFitnessPal is a success story partner.
- 1:14Now, everybody wants more energy.
- 1:17Everybody wants better sleep.
- 1:19Everybody wants to feel sharper during the day, to not hit that wall in the afternoon where your brain just checks out.
- 1:25And people try a lot of things to get there.
- 1:26So new routines, new supplements, better sleep habits, more coffee, less coffee, all of the above.
- 1:32And some of that stuff works, but the single biggest lever you have for how you feel on any given day is what you eat.
- 1:39It's not the most exciting answer,
- 1:40Nobody's making a viral reel about eating lunch, but food is the foundation, right?
- 1:44Your energy, your sleep, your weight, your recovery, how you perform at work, how you feel when you get home.
- 1:50It's the one input that touches everything else.
- 1:53Now, the problem is that most people have no idea what they're actually eating.
- 1:56They have a general sense.
- 1:57They can say, I eat pretty healthy, okay, but,
- 2:00How much protein are you getting?
- 2:02And how does that break down across your day?
- 2:04Are you eating enough in the morning?
- 2:05Are you stacking everything at night?
- 2:07Those details matter a lot.
- 2:09And you can't answer those questions without logging what you eat and looking at the data.
- 2:13And that's why I use the MyFitnessPal app, because you log what you eat,
- 2:17and it shows you exactly what's going on.
- 2:19Your macros, for example, that's just your proteins, your carbs, your fats, those are broken down by grams.
- 2:24And on premium, it breaks those numbers down by meals.
- 2:26So you're not just seeing one number for the day, you're seeing what breakfast looks like versus lunch versus dinner, and that changes things.
- 2:32Because your body doesn't run on daily averages, it runs on what you give it right now.
- 2:37The food analysis, another great feature, it shows you patterns across the week too.
- 2:41where things are consistent, where they start to drift, and you're gonna notice how what you eat impacts your energy and why you wanna stay consistent, and when you don't, why you start to feel like you're hitting walls in the afternoon.
- 2:53Now the food logging.
- 2:54This is where a lot of people think it's gonna be a whole thing, it's not.
- 2:57For example,
- 2:58I can say what I ate out loud.
- 3:00There's a voice logging feature and it's done.
- 3:02Or I can scan a barcode of something I ate, two seconds.
- 3:05There's also a meal scan where I just point my camera at a plate and the app captures exactly what I ate and all the macronutrients.
- 3:12And MyFitnessPal has the largest food database out there.
- 3:16So whatever I'm eating,
- 3:17is already in it and it remembers what i eat regularly also it connects with over 40 fitness apps and wearables so everything goes into one spot all of my health wellness and nutrition so if you've been trying to figure out why your energy dips in the afternoon or why you're not sleeping as well as you used to or why you just feel off and you can't put a finger on it look at your food first before you buy another supplement or you try some other hack
- 3:41The answer is usually in nutrition.
- 3:43And this is the easiest way that I found to actually see what's going into your body and track it and pay attention to it and improve it.
- 3:50So do yourself a favor.
- 3:52Go to podcast.myfitnesspal.com and use code Scott.
- 3:56That's S-C-O-T-T, all uppercase.
- 3:58That gives you 15% off MyFitnessPal Premium.
- 4:02One more time, that is podcast.myfitnesspal.com.
- 4:05Code Scott.
- 4:06That's giving you 15% off MyFitnessPal Premium.
- 4:15Alex, you said the idea for your company came from desperation.
- 4:19You were an athlete who couldn't train anymore.
- 4:22What were you desperate for?
- 4:25Identity.
- 4:27Salvaging my identity.
- 4:29Explain what happens when who you are no longer exists.
- 4:33So for you, it was an athlete that can no longer be athletic.
- 4:36And even though now you're healed and, but this was a journey you had to go on.
- 4:40A lot of people listen to this, our founders who
- 4:45their work is their identity.
- 4:47And when things don't go right, they feel like they've lost themselves.
- 4:50When things go perfect and they sell their company, they also feel like they've lost themselves.
- 4:56So it's interesting how identity is something that is so important.
- 4:59It gives us the power to do, but it's also the, it could be the Achilles heel can be the one thing that can destroy us.
- 5:06especially if we tie our identity to singular actions, right?
- 5:13Rather than a grander purpose, right?
- 5:16And I think people get stuck in asking, who am I?
- 5:21And the better question is, who am I becoming?
- 5:23Right.
- 5:24And we need to think about this and think about what we're doing today and how that leads us to become what we're going to be tomorrow and down the future.
- 5:37And so when I got a mystery virus, my brain was clouded.
- 5:42I couldn't read and write the way I wanted to.
- 5:45I couldn't compete in sports anymore.
- 5:47I lost my entire identity.
- 5:49And so I spiraled.
- 5:52And slowly when I worked my way out of that abyss,
- 5:55I started asking the different question, who am I trying to become?
- 5:59Because that person I was is gone.
- 6:02Who do I want to be next?
- 6:03How long did it take you to accept that though?
- 6:05A couple of years, a few years.
- 6:06That's a long time.
- 6:08I was working on my business, so I put everything into my business.
- 6:10So you were just sort of masking.
- 6:12Brought away from who I'd lost in my loss.
- 6:15People know you through Instagram, through your books.
- 6:19You have incredible content where you're teaching first principles, mental models, things that have sort of helped you on your journey.
- 6:26but I don't know if everybody knows your health story.
- 6:28And I was teeing up how we met because I do know your health story because we met at this event and we were chatting about it.
- 6:32But just for people to understand where you came from and how debilitating this was, maybe go a little bit into what happened to you.
- 6:39Yeah.
- 6:39So I had a totally different business.
- 6:41This was in my late 20s.
- 6:43It was making me enough money to live the lifestyle I wanted.
- 6:47I wasn't that passionate about it.
- 6:49There was issues with the business.
- 6:50I was passionate when I was starting it, but then I discovered the issues and some of the inextricable nature of humans that I hadn't considered in the business that were corrupting.
- 7:04my vision of what I wanted to do.
- 7:07And I was a little sour, but it was, again, giving the freedom.
- 7:10I was training four to six hours a day between CrossFit and martial arts.
- 7:14I was reading the rest of my time, reading science and philosophy.
- 7:17So I was living the life I wanted to live on
- 7:20And then I got hit with a mystery virus and there was a sequence of things that had happened.
- 7:24I competed in a CrossFit event a couple of days after having food poisoning, which was likely a mistake, led to like gastroenteritis happened right after that, then caught a virus that triggered an autoimmune response.
- 7:38I was absolutely wrecked.
- 7:41I had central nervous system fatigue, so I went from...
- 7:44you know, 54-inch plyometric box jump to unable to get airtime, you know, or 20 unbroken bar muscle ups so I couldn't do a chest bar.
- 7:52But my strength wasn't affected.
- 7:54I could still deadlift and squat and bench press like heavyweight.
- 7:59So it's very odd.
- 8:00And I felt the best when I was exercising, but it was like a chronic fatigue.
- 8:04I crash immediately after exercise.
- 8:07And so I was sleeping like some days, like 16, 18 hours, other days less, but I was sleeping like basically all the time that I wasn't active engaged.
- 8:16I actually had sudden onset narcolepsy.
- 8:18If I sat down and wasn't engaged for a minute or two, I'd just fall asleep.
- 8:23My C-reactive proteins, a marker of inflammation, were like 34 milligrams a liter.
- 8:27You know, that's a hundred times abnormal what a healthy 29-year-old should be at.
- 8:35And I was just suddenly anemic despite being on like a paleo.
- 8:40diet with like a lot of green vegetables and a lot of red meat and so it was wild that lasted a couple months um and again like my brain was so clouded i wasn't reading i wasn't writing i wasn't able to exercise and then the dust settled and i had the inflammation that attacked my joints that was the autoimmune part i had osteoarthritis and 11 joints so this is my left shoulder now it doesn't move it's bone on bone right my left hip is similar you know my hands are wrecked
- 9:08Yeah, I'm 41 now, so it really messed me up.
- 9:13And the doctors at the time, I was in Canada, which made things a lot worse.
- 9:18And I'm also Canadian, so.
- 9:22I've dealt with it as well.
- 9:23I've exited now, but I'm permanently disabled because of Canada.
- 9:27I have colleagues that had similar levels of arthritis, tore labrums after car accidents and their insurance paid them to get rapid surgery and stem cells and they've regrown back their joints.
- 9:38I would have years for, you know, an MRI.
- 9:41I had to pay 10 grand out of pocket for a specialist that determined I had the torn labrum, you know, from the arthritis in a car accident.
- 9:48And by the time
- 9:50These years passed.
- 9:53Basically, the arthritis had advanced too much and the government wouldn't approve surgery.
- 9:58So just advanced more and more and more until it's irreversible, not even stem cells will fix it or anything.
- 10:05You know, rewinding back to when this started, my GP at the time basically told me I had to quit exercise, never work out again, right?
- 10:16Put me on a thousand milligrams of naproxen a day and quarterly cortisone injections.
- 10:21And I just knew that was not a forever solution.
- 10:23So all the time I'd spent training and reading, I was just reading PubMed, just looking for anything to modulate the inflammatory response.
- 10:30And there wasn't really a word biohacking back then 12 years ago.
- 10:35It wasn't really a thing, but I was doing a lot of biohacks.
- 10:38I was going to those barrel cryo saunas that killed some people, right?
- 10:44And that got discontinued from asphyxiation and, you know, going to saunas and, you know.
- 10:50found hydrogen and found all these other things.
- 10:52You were so ahead of your time, though, in this space.
- 10:55But you were an entrepreneur through and through.
- 10:58You're like, if I have anything wrong with me, I'm not...
- 11:00I'm going to take charge.
- 11:01I'm going to take charge, figure it out.
- 11:03When I dove in, you know, to all these biohacks, and I was just desperate.
- 11:07I just was trying to do it for myself.
- 11:10Nine months later, roughly nine months, I think, I fainted at the gym a few times in a couple weeks span.
- 11:16I developed multiple ulcers.
- 11:17I wasn't processing my nutrition.
- 11:18I went back to the drawing board, was reading PodMed again.
- 11:21I found more research on hydrogen water.
- 11:23Pissed me off.
- 11:24I had this $5,000 machine that was nothing for me because as soon as I stopped the Nuproxin, my joints froze like overnight.
- 11:32Couldn't put on socks, couldn't put on a jacket.
- 11:35I was, inflammation spiked back up.
- 11:38And it just dawned on me, how do I even know what dose I'm getting or that I'm getting hydrogen water?
- 11:43I just trust the salesman selling this.
- 11:45Why was that the thing that you thought was going to heal you?
- 11:49After all this reading and all the research, you thought hydrogen water was the solution to all of your problems?
- 11:54I didn't.
- 11:54I was just scouring more pod matter online.
- 11:57And I saw another article on hydrogen.
- 12:01saying it could do these things I was looking for.
- 12:04But I had this $5,000 machine and it was really just my contempt and spite that I spent $5,000 that I decided to buy the full paper to read the methodology because I'm like, what are these assholes doing?
- 12:16Yeah.
- 12:17Right?
- 12:17There's this fraudulent, like it was making me mad.
- 12:20But then like as reading them like it dawned, I'm like, wait, they're not making this in the same way.
- 12:25that this machine I bought is working.
- 12:28And then, okay, they're reporting concentrations and dosing.
- 12:32What concentration am I getting?
- 12:33You found the concept.
- 12:36You bought the one machine on the market that could actually do this, but you realized that the way they were doing it was not in line with the research.
- 12:41Nine months later after I spent the money.
- 12:43Understand, okay, gotcha.
- 12:44So then like I, you know,
- 12:47found a reagent to test for it, and it was undetectable.
- 12:50You know, didn't detect any hydrogen.
- 12:52I had to triple the input so far below what we know is a minimum, their physiological effect, which gave me a bit of hope.
- 12:58And that's what I was looking for.
- 12:59I was just looking for hope.
- 13:00Can something bring me back to who I was?
- 13:03But anyways, I started doing R&D, started trying to make the hydrogen water myself, going through this extensive process, getting an elemental magnesium from Eastern Europe and China that was mislabeled.
- 13:15And
- 13:15You know, ended up making a therapeutic dose and my joints loosened.
- 13:19I thought, holy shit, there's something there.
- 13:22But then I thought, I know enough about the chemistry to make this tablet, but I'm not a chemist.
- 13:30What if there's a side reaction that's creating...
- 13:33a poison that's going to kill me what if this material is contaminated with heavy metals and i'm slowly going to kill myself um you know again i knew the risks of the elemental magnesium and hydrogen gas and i'm like i can't really do the calculations to find out if making this in my kitchen is going to blow my house up right so i found my founding partner is a phd chemist from the pharmaceutical industry he called it the worst pseudoscience he'd ever heard in his life
- 13:59gave me a long list of reasons why it made no sense.
- 14:03I'd read every paper that was published at the time, because I'm an extremely obsessive person.
- 14:08And so I was able to rebut all his objections with peer-reviewed research.
- 14:12And he was shocked and said, you know, I'm stunned.
- 14:16I didn't think there'd be a single publication on this.
- 14:18It appears there's quite a bit.
- 14:20I still don't believe it, but I suppose there's enough evidence to pursue as a supplement.
- 14:25You know, it was a snide remark, right, that supplements have no evidence.
- 14:29And he continued like just tweaking my formulation, doing the due diligence.
- 14:34And I was just sending him a paper every day because I was really excited.
- 14:37I'm getting help now.
- 14:38Right.
- 14:38I really need external expert help here to keep going.
- 14:41And just serendipitously, I sent him a paper on a specific disease model at a phase two clinical trial at a higher dose of hydrogen water at the time that found very strong results.
- 14:52And he, you know, got reached out and said, hey, do you want to meet for lunch?
- 14:56I want to go over the work I've been doing.
- 14:59And we met for lunch and he had printed off that paper.
- 15:03And I was unaware, but he was the lead chemist developing small molecules for that disease model at his pharmaceutical company.
- 15:10And he said, the other papers, I just had to review the methodology, look at the conclusions and trust it wasn't fraudulent.
- 15:15This paper, I am a subject matter expert.
- 15:17This is my current work.
- 15:19And unless this is fraud, this stuff is working.
- 15:22I wish my molecules were working this well.
- 15:25And he said, are you sure you just want to do this?
- 15:27Yeah.
- 15:29for a do-it-yourself project to make sure it's safe like why don't you want to commercialize this and so i asked that question i'm like well i don't like the supplement industry i don't like the wellness industry i don't have funding to go down to pharma i don't want to collect funding you know for a lot of reasons and how can i make this work and
- 15:50I thought I'll cross that bridge when it comes to, I want to make sure that this does work.
- 15:54I want to do a test pilot batch.
- 15:56I had the cash for that.
- 15:57And, you know, something like 16 months, 3,000 editor of adjustments, 15 failed scale attempts.
- 16:03I finally got a first production ready tablet.
- 16:05But I hadn't resolved my question of how am I going to do supplements and wellness better than the industry I despise.
- 16:13And as I ordered the production, I had a panic attack that I don't want to just be another supplement, you know, company owner salesman.
- 16:21And so I emailed every first and corresponding author of every human paper on hydrogen therapy at the time and offered free product, free placebo, donations with no strings attached, publish the results, whatever the outcomes are.
- 16:34And I wanted to just have that peace of mind that what I am making is at least as effective as what the research on the market is.
- 16:42I got some bites, that's a decade ago.
- 16:45We now have 25 published clinical trials.
- 16:47We have 21 structure function claims to FTC and FDA standards.
- 16:51We have more clinical research underway than published, including like multicenter, multinational, phase three style clinical trials for obesity and metabolic syndrome underway.
- 17:03So, and this is primarily all publicly funded dollars because I've held through that.
- 17:08I don't have contracts.
- 17:10And in fact, my contracts that I have with universities for donating, I have a clause that if they don't publish, I am able to, so that the results are always published.
- 17:19So I decided if I'm going to do this, I have to stay true to my ethics and to scientific principles and...
- 17:28do the best I'm able to do and always seek improvement.
- 17:31And it brings us back full circle to talking about how these algorithms work in social media and why people get pushed in.
- 17:41And I think this happens for two reasons.
- 17:43A lot of them have great intentions, but then they end up doing exactly what they don't want to do.
- 17:50One, because they aren't continuously asking the question of who am I becoming, you know, and am I acting in a way that becomes who I want to become?
- 17:57But two, they're taking advice of siloed experts.
- 18:03They're telling them how to optimize in one facet of what they're doing without the total picture.
- 18:09And often, you know, whether it's us as a person or a CEO of a company, you have to know when being inefficient or illogical in an isolated domain is logical and efficient for the totality of the enterprise.
- 18:26So, for instance, your marketing team is going to tell you, do this and that, because this is how Meta's algorithm works.
- 18:32And it changes with every update every month.
- 18:35But what...
- 18:37does that advice do to your mission, who you are as a person?
- 18:41How do you come off to your audience?
- 18:43Sure, it may get you views and likes and follows.
- 18:45Those are cheap, right?
- 18:47Are those people loyal to you?
- 18:48Are you fighting every single month to keep those people's attention, right?
- 18:54Or do you have them long-term?
- 18:55It's the same kind of idea.
- 18:56Like a lot of really successful companies
- 18:59will ignore the best media buyers and saying, I don't care about your ROAS on this month's ad spent.
- 19:08And I'm not going to cheapen my deal to, you know, a one month supply of this.
- 19:14to get you a better row ass.
- 19:16I care about like the lifetime value of the customers, giving them good deal, giving them good value to have that customer for years to come.
- 19:25You know, the payoff comes in the future, but we we've turned into this like instant gratification where, you know, everyone loves metrics in the marketing world, right?
- 19:34But do they know how to actually analyze those metrics and understand what it's doing?
- 19:41in a long-term sense.
- 19:43So, you know, I fired multiple marketing teams, multiple, you know, CMOs and directors of marketing and just told them all, you're doing it my way.
- 19:51I am not going to make my content how Meta wants it.
- 19:55In fact, my content just gets squashed.
- 19:57My own followers don't see it.
- 19:59And I said, I will boost my posts and override their algorithm.
- 20:05And if my content is such that people resonate with, they will opt to follow.
- 20:12And so we look at it and, you know, my best posts I've gotten, you know, as low as like 25 cents a follow.
- 20:19right on my reels you know some of them like hitting like 60 70 000 follows off a single reel 90 seconds long in-depth subjects that i'm talking about clips from my book readings lots of context and nuance which meta doesn't actually like they hate it you know um so it's actually turning in it's i'm getting down they've made an update and they're overriding because
- 20:42I go against the wisdom of using, like, Advantage Plus, which I think is insanely stupid, right?
- 20:47And their algorithm is so dumb, it looks at a snapshot of your audience.
- 20:52But I'm talking about 20 different subjects to different audiences, right?
- 20:56Just one thought.
- 20:57I want to just, like...
- 20:59drive this idea home.
- 21:00And then I want you to talk about, after we talk about, we can talk about marketing, but the thought of having this beautiful goal when you start out as a creator, as an entrepreneur, and then you realize that once you're part of the system, well, actually you don't even realize it.
- 21:14Once you start posting content,
- 21:16And it lacks nuance, but it goes viral.
- 21:18It achieves a business objective.
- 21:19Then all of a sudden you get that dopamine hit.
- 21:21You get the dopamine hit and you are one of many content creators who really are not doing a service to their audience because you're ignoring context and nuance required to give the person the right information.
- 21:33Same with entrepreneurs.
- 21:35They start a company.
- 21:36We're talking about Eric Ries, who just wrote a book about the fact that entrepreneurs start a company, they raise money, and they lose control.
- 21:42And there's all these other stakeholders and shareholders now.
- 21:45And now the mission- Legal precedent that prevents them.
- 21:49Exactly.
- 21:49They started on this mission, and they lost their own company in the process of pursuit of this mission by playing into the machine and the infrastructure that's supposedly supposed to support them.
- 22:01And this is something that I think that people that are just starting out as entrepreneurs, as anybody, if you have this great mission, I don't know the best advice for you because it's difficult.
- 22:14to not take part in the machine.
- 22:18It's very difficult.
- 22:19And people get confused, and it's an ironic tragedy.
- 22:23And people have a mission, and then they look at how do I achieve my mission, they see the tools.
- 22:29Yes.
- 22:29But then they start serving the tools which prevent them from achieving their mission.
- 22:35Yes.
- 22:35So sorry, you can go back to with your content and then you so you've pushed back against this with your content on purpose.
- 22:41I'm not going to play the algorithm game.
- 22:42I'm not going to do the clickbait.
- 22:43I'm not going to do that.
- 22:44And now that that Instagram that is overriding, you know, and so like in these follow costs, I'm not getting followers from like.
- 22:53you know, third world countries and Indian stuff like that.
- 22:56I'm like geolocating to the U S Canada, UK, Australia, you know, I'm parking specific age ranges, specific likes.
- 23:03What I do is I listen to a clip over and over again before I post it.
- 23:09And I think, who am I talking to?
- 23:12What people do I know that need to hear this?
- 23:15And so then I visualize people that I know that I think that
- 23:24What are they interested in?
- 23:25Right?
- 23:26And so I map real people and their interests.
- 23:30And then I select this narrow audience structured around real people I know that I'm talking to.
- 23:35And then I push that content out to those people.
- 23:38And it's incredibly successful.
- 23:40Destroys what any agency has tried to do for me.
- 23:43This is how you build your audience as a content creator without playing the game that everybody falls victim to.
- 23:47But I'm boosting, not going through the platform because you can't do this through the platform properly.
- 23:54and I'm not playing their game, but now they're overriding it, and they're pushing it to advantage plus.
- 23:59They're overriding me.
- 24:00I'm starting off first few hundred bucks in a post.
- 24:03I'm getting great results.
- 24:04Then all of a sudden, we're going into the back end and looking and seeing there's an override, and they're no longer pushing it to, say, this middle-aged female audience, and it's all young 18 to 24 men seeing it.
- 24:18And so now I'm switching gears and hired more people on the team, and I'll be pulling everyone off meta,
- 24:24you know, to get the free downloads on my books to my website, to go to my sub stack, go to YouTube.
- 24:29And that way, you know, we're going to create like, um, like community forums on Facebook where my editors are discussing a lot of the ideas in the book and engaging.
- 24:37So doing all these ways, because just asking the question, what is the purpose?
- 24:41Why do I want these followers?
- 24:44Well, the reason I want these followers is to expand the vote, like my voice so that more people hear my message.
- 24:50But if I'm going to compromise my message to get the followers.
- 24:53Yeah.
- 24:54then I've defeated myself in the goal.
- 24:57And this is the same way, you know, we're talking about this book and quite a few people have said I should read it or talk to them because I have the same ideas.
- 25:04Like it's, I say no to at least one venture capitalist a week.
- 25:11pursuing me.
- 25:12I cannot count how many people have told me that within three months I'm going to have a private jet and a yacht and a penthouse if I just take their money, you know, let them buy into my group of companies.
- 25:23And I just say no, because I know what the legal precedent is.
- 25:28In 1919, a legal precedent was set on shareholder primacy.
- 25:33It was a Ford, Dodge v. Ford, right?
- 25:36The Dodge brothers sued the Ford Motor Company.
- 25:38And,
- 25:39And Henry Ford had sent out a letter basically stating, we are lowering the price of our cars.
- 25:47We are raising employee wages and improving their benefits because he wanted to, in his words, he wanted to live in a country where everyone could afford a Ford.
- 25:54Right?
- 25:55And...
- 25:56And the Dodge brothers fought back and they said, we didn't invest in you for your moral mission.
- 26:02We invested in you to return profits to us and went to the Supreme Court of Michigan and the Dodge brothers won.
- 26:09And so that set the prevailing precedent of shareholder primacy, which has guided contract law in the Western world ever since then has not been challenged.
- 26:18which means that the responsibility, the fiduciary duty of any director, executive, you know, in a company is to return profits for the stakeholder.
- 26:29Now, it can get nuanced in public benefit corporations, but those aren't clearly defined.
- 26:35And you look at OpenAI, our business.
- 26:37mission is to benefit humanity.
- 26:39What does that even mean?
- 26:40Right?
- 26:41So it creates these problems.
- 26:43And by the way, just so you know, you would love this.
- 26:44So I'm going to tell you this book, it's called incorruptible.
- 26:47It's why good companies go bad and how great companies stay great.
- 26:50And all about everything he speaks about is, uh, creating incorruptible governance structures in the company for this exact reason, for this exact reason.
- 26:59So I actually ask myself, I am who I am today.
- 27:03And I took on a few shareholders.
- 27:06arm's length, like friends, you know, of mine that believes in my mission, but I still had them sign ethics and morality clauses, you know, that I have ultimate rights.
- 27:16But now I'm thinking, how do I create these businesses in a way, who do I, how do I know who I'm going to be in 10 years?
- 27:23What if I get corrupted somehow?
- 27:25How do I make my businesses and my concepts last beyond myself, right?
- 27:31Because we're not the same person today that we were yesterday, and we're going to be someone different tomorrow.
- 27:36You know, and I've done this in a lot of, say, contracts I'm dealing with.
- 27:40I really don't like contracts.
- 27:43Contracts and things like prenups, too, is assuming failure before it happens.
- 27:53What if I die and someone takes control and they don't have the same relationship?
- 27:57Or what if they die?
- 27:58So we've been building a lot of contracts with my executives, with good partners of mine that are very loose and tie back to arbitration and mediation and talking through problems, but then default to standard clauses in the event of a leadership change or a death or anything like that to protect from...
- 28:20these occurrences that could happen, right, while not betraying the relationships we're trying to form right now.
- 28:30Everything in your life, like the contracts, the way you raise, the way you build, the way you create, it's all like you take all these precautions so that your vision doesn't get corrupted.
- 28:37I always get back to the first principle, what am I trying to do?
- 28:40And how will saying this or accepting this change, alter my ability to pursue what I'm trying to pursue, right?
- 28:51So that's what I always think about with money is we think, oh, if we had this money,
- 28:56this funding that came in, we'd be able to finally achieve what we set out to achieve.
- 29:02But it's just not the reality.
- 29:03Because the second we take that money from VCs, we aren't bound to our purpose anymore.
- 29:08We're bound to returning profit.
- 29:11And we will be forced...
- 29:14into doing, making all these compromises to increase profit.
- 29:19And if we push back and say, no, no, no, no.
- 29:22By doing that, increasing that profit, it betrays my purpose.
- 29:25Well, the stakeholders say, well, that's over.
- 29:29Yeah.
- 29:30Right?
- 29:30Your purpose is to return money for me.
- 29:32And so entrepreneurs find themselves trapped in a prison of their own making.
- 29:37They were so excited to take on this money to finally achieve their goals.
- 29:40But then the second they take it,
- 29:42they're now impotent and completely incapable from pursuing what they set out to pursue.
- 29:48And, uh, you were saying before about like the, the funeral founder of funeral, right?
- 29:53Almost every founder I've ever talked to has regretted taking money.
- 29:57Um, some of them end up in a trap where they've launched multiple businesses and, uh,
- 30:03They take money and they're like, I've regretted every time, but they don't know any other way.
- 30:07They get trapped in this cycle.
- 30:09Yeah.
- 30:10I mean, like Silicon Valley and VCs have the best marketing ever.
- 30:15Like I was speaking, I invested in a founder.
- 30:18She's from SF, incredible founder.
- 30:22she's building a company, she raised a little bit, not a lot, seed round.
- 30:27And we were just chatting and I was, I didn't think it was a novel idea.
- 30:31I just said, instead of raising another round, which is super time consuming and you're going to dilute yourself, why not just grow through revenue and customers?
- 30:42And she said,
- 30:44Like, it seems like such a simple concept.
- 30:47Like, money can come from anywhere.
- 30:49Money can come from VCs, money can come from customers.
- 30:51Like, I would rather not dilute.
- 30:52Money can come from debt, money can come from anywhere.
- 30:54But the best money is from customers.
- 30:56Like, then you don't have to dilute yourself.
- 30:57You don't have to take, you don't have to give up equity.
- 30:59You don't have to, you know, pay interest on your debt.
- 31:01So just sell more.
- 31:03Like, let's focus on, like, a marketing strategy to attract and convert customers.
- 31:06And in her mind, she looked at me and she's like, do you think that's going to work?
- 31:11And I'm like, of course, it's going to work.
- 31:14People are brainwashed to think that they have to do things a certain way.
- 31:19And she would say, I would speak to 10 of my peers in SF, and they would look at me like I'm crazy if I said I'm not going to raise another round.
- 31:26Of course.
- 31:27That's so sad.
- 31:28It is.
- 31:29And it's horrific in my view.
- 31:31Life at the Speed of Play is a success story partner.
- 31:34Now, this is a book by Mark Pincus, the guy who founded Zynga.
- 31:37I've actually had him on the show.
- 31:38I met him in person.
- 31:39And Reid Hoffman wrote the foreword, calling him one of the best idea people in Silicon Valley.
- 31:44The book is Life at the Speed of Play, Launch Products People Love.
- 31:48About 170 pages.
- 31:50It's already a national bestseller.
- 31:51It's his framework.
- 31:52or figuring out whether an idea is actually worth going after before you put serious time and money into it.
- 31:58Not theory, the way he actually does it, and he's repeatedly built successful businesses.
- 32:02On top of that, you can read it in a weekend.
- 32:04It can change your entire life and give you the right direction if you're an entrepreneur.
- 32:07So right now, if you go to getmarksbook.com slash success, you get two copies for $32.
- 32:11That's $16 each.
- 32:14Mark is paying for the second copy himself because he wants you to give it to somebody, a friend who's been sitting on an idea, someone who needs to push, whoever.
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- 32:26My fitness pal is a success story partner.
- 32:28People always ask me how I have time to track what I eat, pay attention to my nutrition.
- 32:32When I have a daily podcast, I have a weekly podcast.
- 32:34I have a newsletter.
- 32:35I run a marketing agency.
- 32:36My days are super full.
- 32:37But honestly, that's exactly why I have to do it.
- 32:40See, when you're running that many things, when you are a high-performing person, you cannot afford to have your energy be inconsistent.
- 32:46Food is a foundation for everything, for energy, for sleep, for weight, for recovery, for performance.
- 32:51And the days when I'm not paying attention to what I'm eating,
- 32:53I feel it.
- 32:54The MyFitnessPal app makes tracking a non-issue.
- 32:57I can say what I ate, it has voice logging, or I can point my camera at a plate with meal scan and it figures out what's there.
- 33:03See, I'm not sitting around entering all my ingredients.
- 33:06The app does the work for me.
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- 33:25Go to podcast.myfitnesspal.com and use code SCOTT, all uppercase for 15% off MyFitnessPal premium.
- 33:31That's podcast.myfitnesspal.com, code SCOTT.
- 33:35HubSpot is a success story partner.
- 33:37every entrepreneur, founder, CEOs listening right now needs to pay attention.
- 33:42I have a question for you.
- 33:43When a buyer asks AI for a solution or a product that your business sells, does your business come up?
- 33:51The answer is that most companies have no idea.
- 33:54They don't know if their name shows up in any of the AI tools, chat, perplexity, Claude, and by the time they find out, they have lost tons of traffic and tons of deals to someone who did show up.
- 34:08HubSpot AEO.
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- 34:18It's before the first click, it's before they fill out some form on your website.
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- 34:37So I'm curious because the way that you think is very counter to how most people look at whatever problem they're trying to solve.
- 34:46I'm curious, was there a moment in your life that prompted you to sort of color outside the lines and look at things differently?
- 34:56Was there a traumatic event that you said, I'm never going to go through this again?
- 35:01Like, why do you look at things in a contrarian way?
- 35:04Oh, man, that's difficult.
- 35:06One, I mean, I am on the spectrum.
- 35:09Two, I had a contrast in my life.
- 35:13We grew up below the poverty line, mostly with my mom, single mom.
- 35:18My dad was in the picture, but he has borderline personality disorder, and he's a lunatic.
- 35:23There's good times and bad times.
- 35:26His mom was quite wealthy, ended up getting written under the will.
- 35:30So there's a lot of...
- 35:32chaos that occurred in my youth, but it just always was gnawing at me.
- 35:36Even going into business was when I was 17 and I got a job in door-to-door sales and I got this job out of spite, right?
- 35:45Because some friends of mine got a job going door-to-door for commission and I was considering it, but I was really socially awkward, you know, that, you know, autism and my dad just basically laughed and said, you're a loser.
- 35:58You'll never sell to a single person.
- 36:00add, if anything defines me, it is
- 36:05such a fierce oppositional defiance and contempt for being told I can't do things that I got that job going door to door.
- 36:16And I just, I studied everything, you know, and I watched the best sales reps.
- 36:22I watched their mannerisms.
- 36:24I watched when they'd lean in at the right time.
- 36:27And I just memorized it.
- 36:28And I always hated wrote memorization.
- 36:30I hate it in school.
- 36:31I didn't understand it.
- 36:32But with human skills,
- 36:34I turned to rote memorization to just study everything and practice it in the mirror for days, months, then into years, and then develop different characters for different situations, whether I was talking to a girl, whether I was trying to sell a deal.
- 36:48But then over like about a decade, they all just emerged and became who I am.
- 36:52But so there was that that led there.
- 36:54But in the questioning side, throughout all of this, I was just always struck and people would
- 37:01Basically, you say, what are you talking about?
- 37:02You're insane.
- 37:03When I comment on the societal insanity across all political sides, spectrums, debates in every field, everyone seems to agree all the systems are broken.
- 37:17But yet no one questions the actual systems, right?
- 37:20They have different solutions on how to reform the systems.
- 37:25It's like, well, maybe the systems are broken to their core.
- 37:28And so I just started thinking about these first principle concepts.
- 37:33And it led me to kind of think that we have a number of concepts.
- 37:39modern religions that we're actually not aware are religions, one being finance, another being public education as universal good, right?
- 37:50Where's the evidence for it, right?
- 37:51In fact, the evidence suggests that it's diminishing us with each passing generation, and that democracy is the best form of government.
- 37:58Where's the evidence?
- 37:59In fact, the evidence is contrary to that.
- 38:03And so we have all of these
- 38:06assumed beliefs that we build everything off of.
- 38:11And that's ideology, right?
- 38:13And so it made me question, why are we involved in all these religions?
- 38:17But these religions aren't a god, they're a religion to an idea, how to function in society.
- 38:22So I started questioning
- 38:24Well, these normative behaviors are within these systems that everyone agrees fails.
- 38:31Why should I assume that they're intelligible?
- 38:35And so I go to every new field I'm in and I just ask the questions, what is this system trying to accomplish?
- 38:42Right.
- 38:43And I break it down and go, okay, this has some merit or...
- 38:47That is not doing what it was intended to do.
- 38:51And so I go in with this radical deconstruction to reconstruct in every idea I have.
- 38:59Is this a similar idea?
- 39:00Like the deconstructing an institution or an ideology to reconstruct it?
- 39:08Is that coming from the mental model that
- 39:12If you go through life with a healthy amount of pessimism and just assuming that things are broken and won't work the way that they should work.
- 39:21Then you find solutions on getting them done.
- 39:24I call it strategic pessimism.
- 39:25That's the word.
- 39:26Yes.
- 39:26Okay.
- 39:27You know, we get caught in these binary debates.
- 39:29And we go, well, being optimistic is better than being pessimistic because we assume pessimism is, you know, like a prison, right?
- 39:38People, you know, become paralyzed with their pessimism or become suicidal.
- 39:43But optimism is delusion.
- 39:45Optimism is assuming everything will go right, but we know it's not going to go right.
- 39:49It never goes right.
- 39:50Reality is chaotic.
- 39:51And so...
- 39:53I would say our systems in society are based on a mix of delusional optimism and the belief that we can control reality, neither of which are true.
- 40:04Right.
- 40:05And so my teachings teach you, you cannot control what is going to happen.
- 40:09You cannot account for everything.
- 40:11Something will occur.
- 40:13Right.
- 40:14The most unimaginable stress is going to hit you.
- 40:18And the question isn't, have you built enough rigid protocols to protect you?
- 40:24What is your capacity to deal with this change?
- 40:28right?
- 40:29How many situations have you done?
- 40:31How can you adopt them in the moment to make sure that you survive the chaos, right?
- 40:37And that you help those around you survive the chaos.
- 40:40So I believe very much in red teaming everything.
- 40:45When I go into anything, I deconstruct everything and think of every single failure point and every redundancy that I can put in place to ensure that I will
- 40:59randomness.
- 40:59I mean, I can't account for an asteroid hitting Earth and causing extinction.
- 41:02So within my reason, and I argue that this type of strategic pessimism that drives you to move forward to build capacity, build new systems, you know, build these understandings and skill sets is the greatest form of optimism.
- 41:17Because you are under the presumption that the more you do, the bigger you build yourself, the more likely you're going to succeed.
- 41:25Whereas traditional optimism is just assuming I need to lie to myself and keep this mindset that everything is going to be peachy and then ignore the negatives when they occur because it might negatively affect your mindset.
- 41:42I agree with you.
- 41:44The issue that many people would have with this idea is that if from the onset they default to a certain amount of pessimism, they actually don't take the action.
- 41:58It only works with action.
- 42:00That's the issue.
- 42:01And the same with hope, whether it's hope or pessimism.
- 42:05They only work with strategy and action.
- 42:07Nothing works if you don't.
- 42:08You need to always ask the question, how am I serving others?
- 42:12What value am I creating?
- 42:14If you're asking, how do I make money?
- 42:16How do I raise money?
- 42:18Then you're just going to be empty, right?
- 42:20It's never enough, right?
- 42:22It's never enough.
- 42:23But if you're asking, what am I doing?
- 42:26the benefits me and then what i'm doing is making me happy make giving me a better life would that be a value to other people and if you say yes just start moving right don't worry about putting a prospectus together and putting together books and projections just start working on that mission right
- 42:49And people will notice.
- 42:51That's the question the founders should ask themselves.
- 42:53What value am I providing?
- 42:55That's it.
- 42:55That's the most important.
- 42:57Yeah.
- 42:58And every day you have to ask that question.
- 43:01For somebody who is, again, you're speaking to very ambitious people.
- 43:06There's about 50-50.
- 43:07I'd say 50% loose numbers, but 50% are entrepreneurs that are building.
- 43:12The other 50% are ambitious, but they're working 9 to 5 W-2s.
- 43:16But I think that the human default, I'd say entrepreneurs maybe a little bit less so than like a 9 to 5 W-2, but humans do default to obedience of systems because it's comfortable.
- 43:25And I think that most people don't want to.
- 43:27Slowly, slowly in the West, not historically.
- 43:31But I also want you to teach how to think about the systems and obedience and where it serves you and where it doesn't.
- 43:35I want people to consider a thought experiment.
- 43:38Say you're a good moral person.
- 43:40Why does someone become a doctor or a scientist?
- 43:43You know, especially in the health issues.
- 43:46Usually it's because a family member is dying or died.
- 43:49And it gives them a mission.
- 43:50It gives them a mission and a purpose.
- 43:52Say you're the best MD, PhD in the world.
- 43:54You are obsessed.
- 43:55You're working 100 hours a week.
- 43:56You discover a cure for something.
- 43:58right you think you're going to change the world you build this company you take on money or maybe you just rise to the top you know of a pharmaceutical company and now you're in the c-suite and you think i've done it i'm finally here i am going to change the world well now you're hammered with another layer of contracts you know anti-disparagement clauses non-disclosures and then they open the closet and show you the skeletons and now you're stuck with a moral dilemma
- 44:28Do I act on this knowledge I now have, which would be violating all your agreements, or do I engage in the cover-up?
- 44:36Now, if you act, what is the outcome going to be?
- 44:39You're going to be sued.
- 44:39You're going to lose your job.
- 44:41You'll be disparaged.
- 44:43Probably nothing will happen from it.
- 44:47You won't make an impact, but you'll never work again, right?
- 44:51You and your spouse won't be able to retire.
- 44:52Your kids won't be able to continue attending private school and university.
- 44:55You'll lose everything, right?
- 44:57And probably nothing will happen.
- 45:00Now, say you can make a big enough of a splash so something does happen.
- 45:05Well, they're still going to go after you.
- 45:07If they don't kill you, they're going to ruin you completely.
- 45:09But you've made friends over all these years in the company.
- 45:13You know other execs that have stock options and are counting on that for their retirement.
- 45:18And you know their families.
- 45:20And so if you make a splash, you're hurting your friends.
- 45:24You're hurting your friends, yourself, and your family.
- 45:26And when met with this moral dilemma, what do people do?
- 45:30They choose themselves and those they care about.
- 45:33It is the natural thing to do.
- 45:36And then they're called psychopaths, but they're going through this internal battle.
- 45:40right, of, I don't want to do this.
- 45:43I am imprisoned.
- 45:44My hands are tied.
- 45:44I have to do this.
- 45:46But people are talking about how they're a psychopath, right, how they're hurting humanity, where their whole goal in life has been to help humanity.
- 45:54And so through this method, through these layers of regulations that most people don't understand,
- 46:01Society has effectively taken, you know, what we could call the shepherds, the people who are trying to protect others, and forced them at gunpoint to become the wolves.
- 46:12What is the solution to this?
- 46:16I would say we need to wake up and realize that one money is fake, right?
- 46:20If everyone just sold their stock and took their money out of the banks today...
- 46:26The Fortune 500 all collapses, they all go out of business.
- 46:29The banks go out of business and we're left with all the same resources and we stop losing our physical assets, right?
- 46:35That's one.
- 46:36But people won't do that because they're afraid.
- 46:38We've attached our trust into these concepts, these institutions.
- 46:43In society, we need these new structures to take place.
- 46:48We need people bold enough to say, I'm not going to play that game.
- 46:52I'm going to start a new game.
- 46:53And I'm going to start building over here.
- 46:55Will you come and build with me over here?
- 46:58And you're not doing it for yourself.
- 47:00You would get much more going and playing their game today.
- 47:05But do you want to be immortal?
- 47:07Do you want a world where your children have the chance to do what you're doing?
- 47:11And so we need to ask ourselves these questions.
- 47:13Are you going to play their game because it's easier right now?
- 47:19Are you going to start a new game so that your children can play?
- 47:22What is your advice to that ambitious entrepreneur, that builder?
- 47:27Because it's already hard enough even when playing the existing game.
- 47:33Everything good in life is hard.
- 47:36Right.
- 47:37So like most people I get asked, I got asked by a neighbor kid two days ago, driving to the airport, you know, and he's got a startup business and his parents are very successful.
- 47:49And he said, what can I do to land a big account?
- 47:53I said, that's not the way to think about it.
- 47:55Right.
- 47:55Right.
- 47:56What do you offer to a big account that's going to make your business?
- 47:59You can get lucky, sure, right?
- 48:01But without nepotism, it's very unlikely to happen.
- 48:04You build your business by providing your value and service and showing you're better to the point where when you get that big account, it doesn't make you.
- 48:14You deserve it, right?
- 48:16But if you got that big account today, they own you.
- 48:19They're your entire business.
- 48:20You'll never become something bigger.
- 48:23You are just servicing them.
- 48:25But if you build yourself and your business and your capacity to where they recognize you and give you the business in that regard, you have the power.
- 48:35Because their competitors are going to recognize you also.
- 48:38So don't look for that big win.
- 48:40Look for a million small wins.
- 48:41Look for a million small wins.
- 48:43Provide an immense amount of value, regardless of whether or not you do something that plays into...
- 48:52So it's like if you're building this thing and you're providing enough value, even if you don't take part in traditional institution, it's going to be hard anyways, but at least it's going to be progressing you and your company
- 49:08on how to do it in the right direction.
- 49:10Yeah, and it's helping build a path for others to do the same.
- 49:15And ask yourself, like a lot of the founders ask yourself, are you happy, you know, scrounging for capital and money, having to keep up with the Joneses and pretend you can afford to stay in that suite at the Four Seasons or, you know, so on when you should really be putting that in your business?
- 49:33Yeah.
- 49:34Do simpler things make you happy?
- 49:36And does pouring it back into your business to provide value to others make you happy?
- 49:41And we think that we need to mimic these signs of success.
- 49:46But then you look to the very top, the most successful people don't do any of that.
- 49:50Right?
- 49:50They return back to the basics.
- 49:51Right?
- 49:52Into what really provides a more like...
- 49:55spiritual value and value of like worth to themselves and others.
- 50:18Systems beat motivation and weight loss is no different.
- 50:21You need something that holds up when life doesn't cooperate.
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- 50:43Even if you stop the medication.
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- 50:46People lose 37% more weight with Noom than with GLP-1 alone.
- 50:49Noom helps you lose weight and keep it off.
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- 51:25Higher app engagement was associated with greater weight loss at 16 weeks.
- 51:29NetSuite is a success story partner.
- 51:30Now you probably know NetSuite already.
- 51:32It's a software that a ton of companies use to basically manage everything.
- 51:36Their finances, their inventory, their HR, it's just all in one place.
- 51:40Now they just came out with NetSuite Next.
- 51:42This is the AI version of all of that.
- 51:44So now you can ask it a question the way you'd ask someone on your team who just knows everything about your business.
- 51:49It gives you the answer.
- 51:51It keeps you up to date on all the things you need to know about your company and your business without you having to go digging for them.
- 51:57And it has these AI agents that take care of all the routine work in your business that eats up everybody's day.
- 52:02Now, the bigger picture here is that AI is starting to change how teams actually work together.
- 52:08It's happening incredibly fast and most companies don't have a plan for it.
- 52:12NetSuite does.
- 52:13They have a free guide called Aligning for the Agentic Era, how AI is changing everyday work.
- 52:18It breaks down how AI could reshape the way your whole organization works and what your business should be doing to get ahead of it.
- 52:23If I needed a tool like NetSuite, it's what I'd use and you should too.
- 52:26So if your revenues are at least in the seven figures, get our free business guide, Aligning for the Agentic Era, How AI is Changing Everyday Work at netsuite.com slash Scott Clary.
- 52:36The guide is free to you at netsuite.com slash Scott Clary.
- 52:40That's netsuite.com slash Scott Clary.
- 52:42Monarch is a success story partner.
- 52:43Now, quick question.
- 52:44Do you know where your money went last month?
- 52:46Not roughly, but exactly.
- 52:48And most people don't.
- 52:49And I didn't for years.
- 52:50And that is most of our money stories, right?
- 52:52When we first start our career, we have one income and one account, and you can kind of wing it.
- 52:56But once you're running businesses, once you're investing, once you're carrying 50 different subscriptions that you stop paying attention to, winging it gets super expensive.
- 53:04Monarch fixed that for me.
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- 53:08Everything.
- 53:08So that means accounts, investments, savings goals, spending all on one screen.
- 53:12The first week I had it, it fired recurring charges I'd been paying for months without realizing.
- 53:16And every single week, the AI recap tells me if spending spiked, if my net worth moved, and what bills are coming.
- 53:22And I can just ask it, hey,
- 53:23Can I afford this trip without touching my savings?
- 53:25And I can get a real answer based on my actual numbers.
- 53:29It is a financial advisor in your pocket.
- 53:31It costs less than an hour with a real one.
- 53:33So write your own money story with Monarch.
- 53:35Use code success at Monarch.com and get your first year of Monarch Core half off at just $50.
- 53:40That's 50% off your first year at Monarch.com with code success.
- 53:44What is the most important mental model that has helped you as a founder, as an entrepreneur, as an author?
- 53:52And maybe one that is not so common.
- 53:55Well, I think this is more of an innate one.
- 53:57I have crippling existential angst.
- 54:00If I'm not moving forward, I get this extreme fear that I will never accomplish anything again in my life.
- 54:08It's not paralyzing to you?
- 54:11Obviously.
- 54:12I mean, if I let it go too long, it is, and I start drinking, right, to drown it out.
- 54:17But I've learned strategies over my life that if I just keep moving forward, you know, and if I lose my ability to do something physical, just start moving forward mental in some way.
- 54:30And if I'm stuck on writer's block, pick up another project.
- 54:33So, again, I look at myself as...
- 54:39a chaotic force just like the universe.
- 54:42But then there's a layer to me that builds these systems and structures to direct my own chaos.
- 54:47So if I don't know how to finish a chapter in my book, I don't sit and stare at the screen.
- 54:54I let my energy take me to be productive somewhere else that my mind is dragging me.
- 54:59Because sitting and staring at the screen will break me.
- 55:02I actually feel like a lot of entrepreneurs are like that.
- 55:05I think that, you know, it's like a cliche term, but shiny object syndrome.
- 55:09I think that's what it is.
- 55:10You, you, you feel friction in one thing and you start something else that has less friction in it because it makes you feel good.
- 55:19Now, now.
- 55:20So I start things that have more friction that are harder thing, right?
- 55:25You know, well, how do you complete a project then when you have, when you have, I have a million uncompleted projects, but I'll complete them eventually.
- 55:32Like my books.
- 55:34I have eight books that are at least on one draft.
- 55:37My final, what'll be my eighth, I started when I was 17.
- 55:40It's still not complete.
- 55:41So this advice you're giving is contrarian to what most people, because, for example, Hermosi would say, just kill everything that's not the main thing and just put all your energy towards that thing.
- 55:53I let my goals change every day.
- 55:56The goals you had yesterday might not exist anymore.
- 56:01And this is what I tell, like when my executives say, what's our goals?
- 56:04What are quarterly goals, annual goals, five-year goals?
- 56:07I tell them I don't believe in goal setting.
- 56:10I believe in a loose idea of where I want to get to and who I want to become.
- 56:15And I allow...
- 56:17the chaos of existence to reveal itself to me, to alter my trajectory towards that idea on a day-to-day basis.
- 56:29And you never feel like you losing control or you never feel like you're losing control.
- 56:37No, because I recognize that I'm not in control, right?
- 56:42I'm not in control of the world and others.
- 56:46And I have a tenuous grasp on myself.
- 56:50Most people think they're in control of themselves, but they actually have not even a finger on themselves.
- 56:56So because I realized I cannot control this.
- 57:00I let the wind blow me and I've just built some rudders to try and direct so I'm not going too far off course.
- 57:08This brings it back to that, you were speaking with this idea before, if something doesn't go right, which it will inevitably not go right at some point.
- 57:17Because you're very, I don't know a better word than fluid, malleable in how you pursue or how you sort of conduct yourself every day.
- 57:30When things don't go right, it doesn't destroy you.
- 57:32Because if you're rigid, like the business I described, if we rigidly had the structure that we had originally developed, business is dead.
- 57:43But why do we have to have that rigid goal and structure?
- 57:47Right?
- 57:48We have all these components, right?
- 57:51And we have this goal.
- 57:53What new structure can we build with components to reach the same goal?
- 57:59And so when I have this idea of what I want to achieve and who I want to become, when an opportunity presents itself chaotically in my day, I think, does this take me closer to my eventual goal and who I want to become than the project I'm working on right now?
- 58:19And in that way, I'm not turning down opportunities because I'm stuck in that.
- 58:24on a singular focus.
- 58:25How do you make that judgment call on which projects to let into your life without complete information?
- 58:31Well, we're never going to have a complete information.
- 58:33I know, that's why.
- 58:34So I'm asking for me because I don't think I'm so rigid that I avoid opportunities.
- 58:40But my issue...
- 58:43is that I am malleable to a degree, but I sometimes have made bad judgment calls on what I should take on.
- 58:49You always will.
- 58:51But every time you made a bad judgment call, if you learn from it, you'll probably make a better one next time.
- 58:56I like failing at things repeatedly.
- 59:00You know, for instance, there are a couple things on my property, one really to the pond, one to the dam, one to the retaining wall, where I just sit and stare at it and think, what?
- 59:11how would I do this?
- 59:13And I don't read anything online, don't ask any advice, and I build something or do something and then scratch my head that didn't work.
- 59:21And sure, maybe I spent eight hours doing it in a few hundred bucks.
- 59:24Who cares?
- 59:25I went through that mental exercise of trying to figure it out.
- 59:28Then I do it again and maybe I get it a little better.
- 59:32Huh?
- 59:32That doesn't work.
- 59:33Now, after I've failed a couple of times and I've looked at it through a lot of
- 59:37novel ways, uncorrupted by the knowledge of today, then I go online.
- 59:42And then I call friends who are experts and say, what did I get wrong?
- 59:47They're like, oh, you did something really interesting there.
- 59:49Yeah, because there's no weight of this is the way it's always been done.
- 59:56But I am a believer that
- 59:59most successful people and successful lives and when i say successful lives i just mean like you know you you have built a company that's incredible you have a a career that is paying you in an exceptional amount of money you you are more fulfilled you found a way to make the money but also have balance and you can spend so much time with your like any you
- 1:00:22life that where it seems like all these different parts of your life you are in the top percentile I feel like you cannot do it by listening to existing knowledge you can't build the biggest most successful company just by copying what other people are doing you can even like in your career if you want to be a ceo of a fortune 500 while simultaneously not having your marriage fall apart and having a relationship with your kids and not traveling 365 days a year
- 1:00:50Like you have, there's a way to do that job that is different than the way it's always been done.
- 1:00:56This is a big piece of advice I give all entrepreneurs.
- 1:01:00One, do not hire people to run.
- 1:01:02If you're a startup, don't hire someone with an MBA.
- 1:01:05They're trained to think like a multinational or the government, right?
- 1:01:09This is why we always make fun of consulting, huh?
- 1:01:11Yeah, they will destroy your business, exactly.
- 1:01:14Two, if every big competitor is doing something,
- 1:01:19Don't do it.
- 1:01:21Do something completely different.
- 1:01:24Because just ask yourself this question.
- 1:01:26If all of your competitors are doing X, but they're worth 9, 10, 11, 12 figures and have decades of experience on you, what do you offer?
- 1:01:40You are trying to copy them, a worse version, without the inertia.
- 1:01:45You need to find a new way to do this, right?
- 1:01:51And when you find a new way, you open up new doors.
- 1:01:55So the more people argue that everyone else is doing it a certain way, don't go, okay, I'm going to do that the same way.
- 1:02:03That is a stronger signal to say, I have to do it a different way.
- 1:02:08So many of the principles that you, that you speak about have built like massively successful companies and people.
- 1:02:14Ronan Harari is another Canadian.
- 1:02:16He's a co-founder of Spin Master.
- 1:02:18And he built, he built, he brought all these toys to market like Bakugan and, and,
- 1:02:24Paw Patrol, the point is, at this point, I think he's on the billionaire list, a very successful dude.
- 1:02:32But his main thesis is, if you are an entrepreneur, the easiest way to be successful is to start with no experience.
- 1:02:43Like start when you're young, start when you don't have all these ideas, preconceptions.
- 1:02:48That is what creates...
- 1:02:51like this world that you can just do anything in that's what excited me about the hydrogen tablet business yeah it didn't exist exactly so there's no right way to do it there was no regulations there was no industry it was a blank slate yeah where i could just let my imagination take me where it took me and and he he equates a lot of his success to just not knowing how things were done and doing them anyways like crazy stories like
- 1:03:17He just walked into the buyer's office at, I think it was Walmart, and basically just sat outside her office until she took a meeting.
- 1:03:25That's not how you're supposed to do it, but he was a kid, and she took pity on him, and then she took the meeting.
- 1:03:31It's so funny how we get in our head about how the way things are supposed to be done, and then we deliver this mediocre subpar copy of what's already out there.
- 1:03:44There's something, and I'll probably avoid naming the businesses, but as my business became successful...
- 1:03:54There's a few companies, one that was doing it to try and harm one of my biggest customers, right, that they were in a lawsuit with them, tried to send me a PO, another 12-figure business, that I had a broker that was trying to get in that, you know, was going to launch and they pulled when COVID happened, and then another, you know, approaching 10-figure business owned by a multinational.
- 1:04:17Over the last year, year and a half, I'd say,
- 1:04:20All three of them tried to pursue licensing my technology, and I told all of them to go fuck themselves.
- 1:04:26Right?
- 1:04:27And everyone thinks I'm insane.
- 1:04:29And I say, well, what will I be giving up and what signal will I be sending to everyone else if I take their POs now?
- 1:04:37Now that the customers who have been with me for years have built...
- 1:04:43this market, if I just go and sell out to the multinationals, for what?
- 1:04:49Right?
- 1:04:50I've betrayed them, right?
- 1:04:52So I tell all new customers that...
- 1:04:57I don't care if you sell a thousand units a month or a million units a month.
- 1:05:03What I care about is, are you contributing to a rising tide?
- 1:05:08Are you educating people and are you building the market?
- 1:05:11Because most, a lot of businesses, a lot of ankle biters, but all the multinationals don't do that.
- 1:05:17They're parasites.
- 1:05:18They're pirates that look for a market that already exists and go to steal other people's ships.
- 1:05:23Right.
- 1:05:24And this has enraged the multinational strength to pursue me.
- 1:05:29I said, good, fuck you.
- 1:05:31I hope you go under.
- 1:05:32You should not exist in society.
- 1:05:34But what it did do, I went 100% on my meetings at the biggest trade show of the year back in March.
- 1:05:41When I ask them, okay, apply, why should I sell to you?
- 1:05:45And these business owners, these entrepreneurs, these founders, they get offended.
- 1:05:49I'm like, no, no, tell me.
- 1:05:50I want to know how you're going to help build this market because I told so-and-so, so-and-so, and so-and-so, I'm not going to sell to you because you're a parasite, right?
- 1:05:59I will only sell to people that are contributing to build for everyone.
- 1:06:04And they all look at me at first like you're insane, but then sigh in relief and say, okay,
- 1:06:10you just relieved our biggest fear.
- 1:06:13And now there's a partnership occurring.
- 1:06:15Now, all of them fast-tracked, launching my product, sent over, this is our marketing plan to help build this because they know that they're being protected.
- 1:06:23They know that they're not going to go out and educate and build something to have it stolen.
- 1:06:28by someone else.
- 1:06:29There's a lot of animosity for the biggest players.
- 1:06:32Yeah, and again, it's not the people within them.
- 1:06:35They get caught in the structure.
- 1:06:37You know, so I don't want to say, hey, if you're an executive at a multinational, like...
- 1:06:43you're a bad person.
- 1:06:44In fact, there's a friend of mine who's a professor who was an executive at Nestle and, you know, he left and, you know, he's joined, you know, this nonprofit I'm the director of called the Wellness Science Initiative where we're teaching free critical thinking and analytical thinking.
- 1:07:00And, you know, there are tons of good people
- 1:07:03in these corporations.
- 1:07:04To your point, there's tons of good people in the corporations.
- 1:07:07There's tons of entrepreneurs that raised money that lost control of their businesses.
- 1:07:10There's tons of great content creators that put content out that are victims of the algorithm.
- 1:07:15They become corrupted.
- 1:07:16Now, when we first started this, you were speaking about your own health journey and how you went sort of through this identity shift and that's what got you sort of
- 1:07:26building the companies that you've been building, they're all focused around health and wellness.
- 1:07:32For now.
- 1:07:33I've got some others that I don't know.
- 1:07:35Where does health and wellness, because we've spoken about like the mindset of the entrepreneur, but you also focus on fixing the body of the entrepreneur.
- 1:07:44My first book, because I believe we can't tackle any of this unless we have the capacity we're stronger.
- 1:07:49So it's called Stress Hacked, How to Get Stronger in a Civilization Deciding to Break You.
- 1:07:53There's the mind.
- 1:07:54Yeah.
- 1:07:54But then on the other side is the body.
- 1:07:56And that's the piece that I think, I think that most people don't understand the importance of clarity of thought, of not having that brain fog that you mentioned.
- 1:08:06If our body is drowned in inflammation, we're not thinking clearly.
- 1:08:10And then we can't.
- 1:08:11We can't even process these ideas.
- 1:08:12We can't.
- 1:08:13Exactly.
- 1:08:13So this book is about understanding the science of stress and struggle and appropriate recovery to build our capacity.
- 1:08:25Now, again, we talk about like the...
- 1:08:28polarization of society we have one half with the safe spaces that all stress is bad right so they're weaker and weaker weaker then we have the hardcore half that you just need to pile on more and more stress well that's fundamentally misunderstanding how hormesis works right you you need the right amount of stress for you as an individual at the right time followed by adequate recovery and then you grow and get stronger
- 1:08:51So I taught this, and then the interlude chapters are all about directing your increased strength and capacity at a purpose.
- 1:08:59Because if you don't have a purpose to direct your strength, that strength becomes a weapon, both internally and externally on those around you.
- 1:09:08So we need to make good use of it.
- 1:09:10For somebody...
- 1:09:12that's just getting introduced to your work.
- 1:09:16You speak on so many different topics and you have all these different ideas that they can use to improve their life.
- 1:09:23But...
- 1:09:25What is the main message that you want to leave people with?
- 1:09:29The main message is the truth is uncomfortable, but we need to pursue it.
- 1:09:36And I use the word pursue because we will never arrive there, right?
- 1:09:42And this is something people don't like hearing.
- 1:09:45And I talk about this dance with the truth in The Stonewall.
- 1:09:49The closer we get to truth, the more we need to be skeptical and ask questions to pull us away from arriving.
- 1:09:59Because the second we arrive, we're no longer using, you know, philosophical and scientific thinking.
- 1:10:06We've arrived at dogma, at ideology, and we might be wrong.
- 1:10:10So we need to do this eternal dance, circling around the truth but never arriving.
- 1:10:20Kind of like an Argentinian tango where the lead is fluid and changing back and forth, circling around this destination.
- 1:10:33We often think that by hiding and obfuscating the truth, we're improving things.
- 1:10:40And in reality, that's almost never the case, basically never the case, because the truth eventually emerges, and what we're trying to protect ends up being destroyed in the lie.
- 1:10:52So we just always have to be pursuing this, asking about ourselves, asking about those we care deepest about, our deepest ideologies, everything, question everything, always.
- 1:11:03of becoming who you want to be so that you can help lift others up with you.
- 1:11:08Have you thought about, you know, I started this conversation off speaking about how you lost your identity and what you were seeking.
- 1:11:15Have you decided on what the new identity is or is there ever a firm identity?
- 1:11:21Is it fluid as well?
- 1:11:22It's fluid.
- 1:11:23I talk about, I've been working a lot in trying to come to a cohesive understanding of what the self is.
- 1:11:31You know, as my cat is on his last days of life, you know, with stomach cancer.
- 1:11:37I've been thinking a lot about why we feel so strongly to our pets and because they're anchors of the self.
- 1:11:43They are consistent, static, much more consistent than the people in our lives or even ourselves and our own behaviors.
- 1:11:49So we attach so much of ourselves and our identity to our pets.
- 1:11:53Right.
- 1:11:54Now, when we're attaching everything to the external, that asks the question of, is there a self?
- 1:11:59And I think the answer is no.
- 1:12:01Right.
- 1:12:02The self is.
- 1:12:03is an ever-expanding collection of scripts that we run based on our hardware and software, software that we learn to deal with certain situations.
- 1:12:14And the situations change all the time, and our physiology, our hardware is changing all the time.
- 1:12:19So we don't have a self.
- 1:12:21The self is fluid, right?
- 1:12:24And this is why, if you think to...
- 1:12:27You might have this view of yourself and you behave like this most of the time.
- 1:12:31But say you go to your hometown and see a bunch of friends from your childhood or your family.
- 1:12:35All of a sudden, you're a 15-year-old again, right?
- 1:12:38Because your brain has pulled up that script that you learned, that pattern that you learned back then.
- 1:12:45But your physiology is different, so it's a little bit different, right?
- 1:12:49That's why you're like, they'll say you haven't changed a bit.
- 1:12:52You're like, I've changed so much.
- 1:12:54And it's very hard to come to terms with that.
- 1:12:57And because we want to think of ourselves as a unified individual, but we're not.
- 1:13:03We're an almost infinite collection of scripts, of code.
- 1:13:09And so as you're creating these new behaviors, that's why I don't think, who am I?
- 1:13:14I think, who am I becoming?
- 1:13:16When I'm starting this new code, this new script that I'm doing, how is it going to build off of the old ones to direct me into the person I want to be?
- 1:13:26Where can people find your work?
- 1:13:28All the books that you've published, obviously, are on Amazon and anywhere you can get books.
- 1:13:32But where can they connect with you?
- 1:13:33And we'll put everything in the show notes.
- 1:13:35I'm in my social medias.
- 1:13:36I'd say I've got a sub stack where I write with one of my editors on all of these thoughts.
- 1:13:40Most weeks, some weeks, I get too slammed.
- 1:13:42Like, I think we didn't release something this week because I was just too busy.
- 1:13:45But my books, yeah, you can buy them on Amazon for sure.
- 1:13:49You can buy them on my website for a hard copy also.
- 1:13:52And all profits are going to a nonprofit I have.
- 1:13:56Or you can download them for free.
- 1:13:57I just care that people read them.
- 1:13:59So the PDF and the audio are free.
- 1:14:04I am not writing my books or disseminating my message to make money.
- 1:14:10I'm losing tremendous amounts of money doing it.
- 1:14:14But for me, I didn't go into business for money.
- 1:14:18I went into it for autonomy and freedom because my interests were philosophy and science.
- 1:14:23But when I was younger in my teens, I thought to myself,
- 1:14:26How can you truly be a scientist or a philosopher if you are begging a person or an institution for funding?
- 1:14:33That means you're overseer and you're beholden to their interest.
- 1:14:37And what they permit you to do is corrupted by their goals and intentions.
- 1:14:41So that's why I went into business and learning how to make the tool of money.
- 1:14:47That's why I've been so resistant to accepting funding, because at the end of the day, I'm using it as a tool to do the things I want to do in life.
- 1:14:57which is pursuing truth and philosophy and science.
- 1:15:00Alex, ask every guest this.
- 1:15:03If you could go back and tell your 20-year-old self one piece of advice, what would it be and why?
- 1:15:10Don't ever ask that question again, is what I'd say to my 20-year-old self.
- 1:15:13Yes.
- 1:15:14I spent a lot of my 20s ruminating on who I could have been until I accepted who I was.
- 1:15:19And I often tell people I don't believe in regret, right?
- 1:15:25At least not anymore.
- 1:15:26Because I asked, do I like who I am?
- 1:15:30right?
- 1:15:30And so long as the answer is yes, that means I'm a culmination of all my failures and successes.
- 1:15:38So I wouldn't want to change anything because who knows who I'd be if I didn't have that.
- 1:15:43Now, if you answer, no, I don't like who I am, then you ask the next question.
- 1:15:48Well, you can't regret, you can't know anything 20 years ago, but what can you do today to become someone who you like?