From PayPal Intern to Starting 4x Billion-Dollar Companies - Joe Lonsdale Interview

You have now created by my count at least four billion dollar companies directly, probably more than that. What would you say? You are doing different. Then The average good founder. So

It's like I have some unfair advantages, right? I feel like I can rule the world, I know I can be what I want to I put my law in it like my day song on a roll and it's a little bit more. Joe, thanks for doing this, man. And thanks for uh inviting me into the the morning workout, the cold plunge and uh and everything in between breakfast. Good to have you here, Sean. So I wanna start with lessons learned. You one of them that we were talking about this morning when we were doing our workout was um Making decisions on blended reasons or having like a blended strategy for how you're we're gonna win we're gonna win doing these five things and why that

Sounds like a good idea to the average person, but it's actually a very bad idea. Can you explain that? Yeah, and I wrote this piece online, like nine lessons from Peter Chile. I sent to all palons here. That's been like sent to all to my other companies as well, and it's one of my favorite pieces, and that's one of them in the It's one of these logic things where usually there's like one reason that dominates everything else. And and that that's just that's just the nature of the world is that is that when something's successful It's it's kinda like the power law rule, right? Like in a venture capital like fund even, there tends to be one thing that's successful that's like bigger than everything else. And that's true inside of companies as well. It's it's very unusual, like extraordinarily unusual for there to be like two similarly equal like like products or revenue lines or something like that. Right. Um, especially early on in a company. So Usually if you if you think you have like two or three reasons for doing something or five reasons for doing something

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