three two one full power and lift off they need to be things that excite and inspire people yeah you have to be you know reasons why you get up in the morning it can't just be solving problems it's got to be yeah something something great is going to happen in the future well first of all i'd say i actually feel fear quite strongly um so it's not as though i just have the absence of fear i feel quite strongly but there are just times when something is important enough you believe in it enough that you
you do it in spite of fear there's always a chance of failure so i think it's important that you really like whatever you're doing if you don't like it life is too short and and also if you if you like what you're doing you think about it even when you're not working i mean it'll just it's something that your mind is drawn to and and if you don't like it you just really can't make it work i think when you're building something new there's going to be mistakes and it's important to to recognize those mistakes
acknowledge them and take corrective action and the success of a company is very much more about how quick are you to fix the mistakes not will you make mistakes and if you see the difference between a startup that is successful and one that is not and it's because the successful one they both made mistakes but the successful one recognize the mistakes fix them very quickly and the unsuccessful one tries to deny that the mistakes exist you know a lot of life in general in any job there's like you have to do your chores i think
to be successful at almost anything you can't you have to do the tough stuff and as well as the enjoyable stuff you have to do the boring stuff as well as the non-boring stuff and if you don't do your chores then bad things will happen but if they don't do the things that they don't like to do then the company will be in trouble like you have to you basically like it's more fun to cook the meal than to to to clean the dishes okay but you need to clean the dishes you need to get
better yes he's your boss exactly now is the time to take risk you don't have kids as you get older your obligations increase and once you have a family you start taking risk not just for yourself but for your family as well it gets much harder to do things that might not work out so now is the time to do that before you before you have those obligations so i would encourage you to take risks now do something bold um you won't regret it starting spacex i thought the odds of success were less than ten
percent um yeah same with tesla i thought the odds of a car company succeeding were extremely low and i just accepted that actually probably i would just lose lose everything um but that maybe would make some progress if we could just move the ball forward even if we died maybe some other company could pick up the baton and move and keep moving it forward i first of all i really take some thought to like how can i provide advice that would be most helpful and i'm not sure i've given enough thought to to that to
give you the best possible answer but i think um i think certainly being focused on something that you're confident will have high value to someone else and just being really rigorous in making that assessment a natural human tendency is wishful thinking [Music] so a challenge for entrepreneurs is to say well what's the difference between really believing in your ideals and sticking sticking to them versus pursuing some unrealistic dream that doesn't actually have merit and it's it's that is a that is a really difficult thing to to tell you can you tell the difference between those
two things you know so you need to be sort of very rigorous in your self self analysis i think certainly extremely tenacious uh and um and then just work like hell i mean you just have to put in you know 80 hour 100 hour weeks every week that all those things improve the odds of success okay um i mean if if other people are putting in 40 hour work weeks and you're putting in 100 hour work weeks then even if uh you're doing the same thing you know that you will achieve in four months what
it takes them a year to achieve the i think one of the biggest mistakes people generally make and i'm guilty of it too is wishful thinking you know like you want something to be true even if it isn't true um and so you ignore the things that uh you ignore the real truth because of what you want to be true this is a very difficult trap to avoid and like i said certainly one that i find myself in having problems with but if you just take that approach of you're always to some degree wrong and
your goal is to be less wrong [Music] and and solicit critical feedback particularly from friends like your friends particularly friends if somebody loves you they want the best for you they don't want to tell you the bad things um so you have to ask them okay you know and said really i really do want to know and then they'll tell you and the way i tend to view problems is from a from a physics standpoint and i think i think physics is a good analytical framework um and one of the key things in in physics
is to reason from first principles this is contrary to the way most human reasoning takes place which is by analogy reasoning from first principles just means that you figure out what are the fundamental what are the fundamental truths or or things that are pretty people are pretty sure of fundamental truths and and can you build up to a conclusion from that uh or you know perform those principles and um and then certainly if you come up with some idea and it appears to violate one of those fundamental truths then you're probably wrong or you should
get a really big prize or something like that so this may seem like i don't know it maybe it may seem sort of obvious when it's explained but it's actually not what people do reasoning by analogies is helpful because it's a shortcut yeah and it's and it's mostly correct but but it tends to be most incorrect when you're dealing with new things because it's hard to analogize to something really new when you were in college developing these skills you want to do some things that were of benefit to humanity why why did you think that
well because not everyone does yeah no i i guess it was uh i i'd sort of a existential crisis uh of like what does it all mean and what's the meaning you know what's the meaning of life and probably goes back to high school i guess uh um i don't want to give a laboriously long answer but uh i was uh i i had sort of a dark childhood it wasn't good um probably partially brought on by by reading some of the philosophers like do don't ever read schopenhauer nietzsche if you're 14. it's it's not
good um i was just trying to find figure out what you know what does it all mean and um when i read the hitchhiker's guide to the galaxy which i think is a great work philosophy that sort of highlighted the point that very often the issue is understanding what questions to ask and if you can properly frame the question then the answer is the easy part um so i thought uh things that uh expand the scope and scale of human consciousness and allow us to better ask questions and you know and and achieve greater enlightenment
those are good things and so that's sort of what what can we do that's gonna most likely lead to that outcome [Music] you