Everything Eric Jorgenson said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Jorgenson: Founders Fund will reap a massive windfall from the SpaceX IPO
“SpaceX is one of Founders Fund's biggest positions over multiple funds, and they're gonna have an unbelievable windfall with this IPO.”
Jorgenson: Raw materials are 30% of an iPhone's cost, 1% for rockets
“For reference, like your iPhone, like the raw materials of your iPhone is like 30% or a car is like 30%. So that's like a good ratio for a complex manufactured product. But aerospace, when he looked into rockets, the rocket as a whole, he did an X was like a t…”
Jorgenson: Benchmarking against industry best practice yields only incremental gains
“When I hear, well, best practice is X, I'm like, oh, we're already lost. Like we're starting from a bad place because only incremental improvements are going to come from like, well, how do we do it today? Where he starts with is like, what is the theoreticall…”
Eric Jorgenson: Modern leverage consists of uncapped code, media, and capital
“The modern forms of leverage are code, media, and capital. Zero marginal cost and uncapped and accesses this sort of global marketplace.”
Jorgenson: The gap between a day laborer and Zillow is leverage
“All the difference between a day laborer and Zillow is just like, how leveraged are you and how comfortable are you using each of those different forms of leverage?”
Jorgenson: Living like a lion means keeping capacity to seize major opportunities
“But if you were mired in something else, just like, plodding along on not the biggest opportunity, rather than having the space to jump on the best opportunity, When it came about, then you might miss it. And like, that's the live like a lion kind of mindset i…”
Jorgenson: Employees attend unnecessary meetings for political face-time with leaders
“There's a dynamic where people, I think, want to be in the same room as like the person, the CEO, the leader, the whatever, like that, that those meetings are an opportunity for FaceTime probably in some ways that are like more about the political game than th…”
Jorgenson: Seasoned success reflects 20 years of reputation, not luck
“In particular, if you're young, I feel like it's hard to it's hard to appreciate that what, how lucky some people are getting is actually 20 years of, like,
Carefully grown seeds and reputation and relationships and effort
and like you shouldn't expect to get …”
Jorgenson: The first 20 years of a career audition the next 20
“My perspective now in my thirties is that, you know, the first 20 years of your career is an audition for the second 20 years of your career”
Jorgenson: Naval Ravikant defines true intelligence as getting what you want
“Naval's got a great line, it's maybe, like, the ultimate Naval line, which is, the true test of intelligence is whether you get what you want out of life.”
Jorgenson: Musk asks job candidates about mistakes made solving problems
“He also says in hiring, he's asking for people like, what problem did you solve and what mistakes did you make along the way to solving it? What walls did you have to bounce off?”
Jorgenson: Musk fired his scheduler to maintain dynamic calendar control
“And Elon Musk, I don't know if this is still true, but at some point he fired his schedule or not because you know, they weren't great, but because he's like, I want control over my time to pick the priority at all times.”
Jorgenson: Tesla won Daimler by electrifying a Smart car in 30 hours
“He got the Daimler deal in part because at Tesla, the Tesla the executives from Daimler were coming to visit Tesla. And he's like, we have a slideshow. We have a presentation like that is insufficient evidence. So In, like, 30 hours, you grabbed engineers, and…”
Jorgenson: SpaceX originally started as a philanthropic Mars greenhouse mission
“People don't realize SpaceX was not originally a company. It was a philanthropic mission. He had Almost two hundred million dollars from their sale of PayPal. And his first plan was to just shoot a rocket to Mars. Have a little greenhouse on the surface of Mar…”
Jorgenson: 90% of Tesla repairs can be performed in customer driveways
“Could we do this repair without a lift? Could we do this repair without a huge toolkit? And it turns out that 90% of the repairs could be done by a technician with just like a portable toolkit at the customer's home.”
Jorgenson: The Almanack of Naval Ravikant reached five million free downloads
“I give away, we've given away like five million copies of this book, but we've also sold like millions.”
Jorgenson: Buffett's strategy requires complete operational abdication to CEOs
“Buffett is track record is investing in CEOs and abdicating entirely to them. And so like, you gotta be a really good people picker when that's your strategy.”
Jorgenson: Naval Ravikant applies Charlie Munger's models to technology
“Naval takes all of Munger and sort of puts him in a, like, progressive technological setting that's, like, exciting and futuristic and more growth-oriented, and I liked the combination of those very much.”
Jorgenson: The most unhappy people deeply repress their intuition without acting
“And I think the people that end up the most unhappy have repressed so much because they never summoned the courage.
And so they're like deeply aware of what it is that they truly want to be doing or feel like they could be doing and just never took that next l…”
Jorgenson: Writing down thoughts is a shortcut to meditation for self-observation
“Meditation is the same way. It helps you separate sort of the evaluator, like the observed from the observant, like see your own thoughts from above, but writing it is, is a shortcut to doing it.”