This content was created by Utkarsh Amitabh. This content was uploaded by Utkarsh Amitabh. This is a YouTube video titled 'Untitled video' containing a conversation between two speakers discussing the concept of permissionless leverage, the creator economy, and the decision-making process between joining Pinterest or starting Gumroad. The conversation highlights the importance of learning and accountability in entrepreneurship.
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Right. And this permissionless leverage I think you talk about even today as creator economy, passion economy, become more mainstream. I think this permissionless leverage that you reference right now comes up in your writing, comes up in your tweets a lot. Is this something that was foundational to you even when you were thinking between or deciding between, say, Pinterest versus Gumroad? Is that even a decision? Because one was a really fast growing company. I think you were the first employer, the first technical employee, and the other was an idea that you had over the weekend. So talk to us about that dilemma, if there was any.
Yeah, I mean, the dilemma was that I had a good feeling that my pit for stock was going to be worth, at the time, probably tens of millions of dollars was kind of my expected value calculation. And so I knew that if I were going to leave to start my own company, that company would have to be, you know, have to have a shot at becoming incredibly valuable just as a sort of financial. On a financial basis for the decision. But besides that, it was to compare, right? Because starting a business just. And I really, like, optimized for learning. I love just learning stuff. I don't. I don't know, just fun. Keeps me interesting. And starting a business is like learning on steroids, right? Like, there's no way you can learn faster than being. Basically, if you're. If you don't learn, your business dies, right? Like, that's the cost of not learning fast enough. Right? And so I think it was a great forcing function. And frankly, even raising money, I think was a great forcing function to really take it seriously, learn everything possible, read a gazillion books, like, do all the things that, you know, you know you should do. But sometimes you kind of just need somebody, like, cracking the whip a little bit. And for me, the whip is like the free market, right? It's like raising money from people. It's shipping a product, it's being public on Twitter. Like, there are many ways to get that. You know, that sort of accountability, which is sort of the. The flip side of permissionless leverage, right, Is like, ultimately, it's great that you, like, people can just do stuff now. They don't need to get a job or get a degree or, like, do any move to a certain. But the downside is you lack accountability, you lack discipline, you lack peers potentially. You lack people who are able to, like, help you jettison, you know, kind of get you to the next level.
