Summary of Shaan's Backstory (#377)

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00:00:00 - 01:00:00

Shaan provides insight on how to be successful as an entrepreneur, CEO, and investor. He emphasizes the importance of focus and patience, and recommends against investing in Angel Investing. He also suggests that people invest in boring businesses in the hopes that they will be profitable and boring to others.

00:00:00 Shaan tells the story of his life and how he moved to Denver to open a Chipotle-like restaurant.
00:05:00 Shaan, a wealthy Indonesian businessman, was caught using a system of shell companies to bribe local officials in order to secure coal mining rights. Shaan was able to make a large fortune by selling coal pieces for 20 million each, amassing 500 million over the course of three years.
00:10:00 Shaan tells the story of how he became a successful entrepreneur, starting with a business in Australia and moving to Silicon Valley. He discusses the challenges of starting a sushi restaurant, and how he was able to overcome them by hiring a team of "hustlers."
00:15:00 Shaan tells the story of how he became a successful investor, starting with a lucky investment in a company he didn't even use. He later found success with another company, but admits his early interviews were not very successful. He recommends interviewing someone by writing a better than average blog post on a similar topic. Wing It, a sponsor for the video, provides wings for the interview.
00:20:00 Shaan, a CEO of a startup, tells his backstory of starting and selling a company for over a billion dollars.
00:25:00 Shaan, a software engineer, tells the backstory of how he became successful. He says that he was lucky to have a mentor who helped him navigate the tech industry, and that he is currently more at peace than he was when he was at his peak.
00:30:00 Shaan tells the story of how he became successful and how he deals with inner conflict. He says that one of the things that helped him achieve success was being more comfortable in his own skin and not being afraid of failure.
00:35:00 Shaan tells the story of how he and his team created an Esports app that became the largest in the world, but eventually sold it to Amazon. He reflects on the decision to stay or leave, and concludes that he would have stayed for one year instead of two.
00:40:00 Shaan tells the story of how he fell into a trap of working too much and not taking enough time off, and how he changed his ways after realizing that one year is not enough time to achieve anything significant. He then tells the story of how he and his friend co-founded a successful business, but were unable to keep it together and sold it. He advises people to always be creative and to never settle, as the surface area of opportunity is always wide.
00:45:00 Shaan talks about his path to becoming successful, with the main points being that he was always driven to pursue his goals, and that he believes that he is better at media than tech, and investing than running things. He believes that 50 is a good goal to shoot for, as it is not a significant difference between anything above 100.
00:50:00 Shaan provides insight on how to be successful as a CEO, emphasizing the importance of focus and patience. He advises against investing in Angel Investing and discusses his experience with investing in companies. Shanan advises aspiring entrepreneurs to focus on research and talking to people before starting a business.
00:55:00 Shaan is a podcaster who believes that artificial intelligence (AI) is the future and that it will eventually replace all human jobs. He suggests that people invest in boring businesses in the hopes that they will be profitable and boring to others, and he criticizes people who want to buy exciting businesses.

01:00:00 - 01:10:00

Shaan tells the story of how he and a group of friends bought a domain name that was about to be auctioned off in bankruptcy. They won the auction, and Shaan runs the domain. He regrets not making more money from his company's early success.