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Hello, and welcome to another episode of All The Hacks, a show about upgrading 00:01:44.480 |
your life, money, and travel all while spending less and saving more. 00:01:48.280 |
I'm your host, Chris Hutchins, and I am excited to have you here. 00:01:55.440 |
He's the bestselling author of Backable, a really amazing book about the 00:01:59.320 |
surprising truth behind what makes people take a chance on you. 00:02:02.520 |
He is also the founding CEO of the nutrition coaching app Rise, which was 00:02:07.440 |
named App of the Year by Apple before selling to One Medical. 00:02:12.640 |
Congress, served on the faculty at Harvard, and is currently an emissary for 00:02:17.840 |
gross national happiness between the United States and the kingdom of Bhutan. 00:02:21.720 |
I'm not even sure what that means, but it sounds pretty cool. 00:02:24.840 |
And in this conversation, we'll dig into his background and the research 00:02:28.800 |
that uncovered seven surprising changes that course corrected his life and 00:02:33.480 |
his career by letting him go from being embarrassed to speak inside team 00:02:37.440 |
meetings to confidently pitching ideas inside the offices of people 00:02:43.440 |
We'll learn what it takes to have a seemingly mysterious superpower that 00:02:48.200 |
lies at the intersection of creativity and persuasion, something 00:02:55.080 |
Because we all have a brilliant idea tucked away somewhere. 00:02:57.880 |
Yet most of us are afraid to share it and have it be dismissed. 00:03:01.400 |
So I hope you enjoy this conversation with Sunil Gupta. 00:03:14.000 |
I don't know if I've ever shared this with you, but back in 2009, I also had 00:03:21.520 |
And I got laid off and I started a conference called Laid Off Camp. 00:03:25.200 |
So I was doing everything I could to promote this conference. 00:03:28.760 |
I was just hoping that someone would write about it. 00:03:33.920 |
And so one day I got this email from a reporter who asked if I 00:03:40.600 |
After the interview, I called a friend of mine who knew everyone in tech. 00:03:44.080 |
And I said, "Hey, this reporter from TechCrunch reached out to me. 00:03:50.760 |
I talked to him and he goes, "Yeah, that person doesn't work at TechCrunch." 00:03:56.160 |
There wasn't ever a story that had been written by this person. 00:04:04.600 |
And the next morning, a story actually came out on TechCrunch, written by Lena 00:04:12.200 |
So that's my connection to your family from way back and my story 00:04:20.240 |
This interview has already started out at a very, very meta level. 00:04:28.640 |
And I think my failure story is that I was out there pitching my company Rise. 00:04:35.160 |
I was getting rejected by every investor that ever took a meeting with me. 00:04:39.680 |
And, you know, I'd started a couple of companies before that, too, 00:04:45.200 |
And then I joined Groupon, which had a little bit of a moment and 00:04:51.280 |
It lost 80% of its market value within a few months. 00:04:54.120 |
And so I get a phone call one day from a conference organizer. 00:04:58.360 |
And she's like, "Hey, would you like to be a keynote speaker at this conference?" 00:05:05.760 |
And she says, "FailCon," which stands for failure conference. 00:05:09.680 |
And so I'm literally asked to be a keynote speaker for a conference on 00:05:14.080 |
failure, and I do it, and I didn't realize that there was a reporter from 00:05:19.400 |
And fast forward to this full-length article on failure with my face as 00:05:27.080 |
the cover of this article, and I don't know what happened with that TechCrunch 00:05:30.920 |
article that Lena wrote, but for this, I mean, Chris, it was crazy how viral it went. 00:05:38.920 |
And I think failure, like the idea of failure was just starting 00:05:43.880 |
We were talking about it a lot more, especially in places like Silicon Valley. 00:05:47.560 |
And so there was a moment where literally you could have Googled the 00:05:51.560 |
word "failure" and my face would have been one of your very top search results. 00:05:56.440 |
I have to imagine that was, that's not like the moment you want. 00:06:00.640 |
Like if you could dictate what your search results are, 00:06:04.960 |
How did that evolve to a place where you're now, you ran for Congress, you 00:06:12.800 |
You know, a good friend of mine gave me a piece of advice and I'll never forget it. 00:06:17.080 |
And this is going to sound very sort of Buddhism focused, but, you know, the 00:06:20.920 |
parable that he shared with me is that when you feel pain in life, you feel 00:06:25.440 |
embarrassment, there are two arrows that are fired. 00:06:28.440 |
One is the arrow that punctures your skin, right? 00:06:31.400 |
It's the, it's the arrow that actually causes you the pain. 00:06:33.840 |
And, and there's not much you can really do about that arrow. 00:06:36.520 |
But the second arrow is, is, is the meaning that you ascribe to that pain, right? 00:06:44.360 |
And for me, you know, I was, I was embarrassed by, by all this and I, and 00:06:48.360 |
yeah, I thought to myself, gosh, I've spent all this time trying to establish 00:06:55.400 |
And now every time somebody Googles my name, failure, a list of my failures 00:07:01.720 |
But you know, what I decided to do with it as I started reaching out to all of 00:07:05.880 |
these people who I admired from celebrity chefs to Oscar winning filmmakers to 00:07:14.240 |
And I would, I would basically write an email, Hey, as you can see from this 00:07:17.240 |
link, from this article, I have no idea what I'm doing, but would you be willing 00:07:24.800 |
And I was just astonished by how many people said, yes, I will, I will spend 00:07:32.240 |
And I was also astonished by, I think people's willingness to talk about their 00:07:37.280 |
failure, especially in these private conversations, because when you look at 00:07:41.080 |
their bio, you look at their LinkedIn, you're not, you're not seeing that side 00:07:48.400 |
And so a couple of things really occurred to me during that conversation. 00:07:52.800 |
Number one, we don't rewind the clock enough and see how failure wasn't 00:07:58.520 |
necessarily the opposite of success, but failure was a pathway to success for most 00:08:06.680 |
But the second thing is that people who change things, they didn't just learn how 00:08:16.320 |
They learned how to make themselves backable. 00:08:18.960 |
And that was a key thing that continued to come up over and over again, because 00:08:23.040 |
you can have a brilliant idea and you can still be dismissed, right? 00:08:29.320 |
And sometimes the paradox, the trick of it is that sometimes the more unique your 00:08:33.880 |
idea, the less obvious it is, sometimes the harder it is to get people to buy in. 00:08:39.000 |
And so it puts us in a bit of a weird situation, especially if you are somebody 00:08:44.360 |
And that can be as an entrepreneur, that can be inside your own company, which is 00:08:47.600 |
that oftentimes we are striving to do things that are different, right? 00:08:52.320 |
I haven't talked to a single CEO of a company who isn't like, we want to be 00:08:56.280 |
We want to shake things up, but we rely on different. 00:08:59.720 |
And yet different ideas are also the hardest to sell. 00:09:03.720 |
And so you have to, in some ways, again, not just learn how to come up with these 00:09:08.360 |
kernels that are going to change things, but you also need to learn how to get 00:09:13.160 |
And you mentioned a couple examples of people with ideas, entrepreneurs, you and 00:09:18.680 |
I have both been on both sides of that table as investors, as founders, but it 00:09:23.320 |
came to me that this isn't just about learning how to get people to back your 00:09:28.240 |
startup with dollars, that this could really have lessons outside of that, 00:09:35.280 |
You know, I mean, you know, you and I both are fathers now. 00:09:39.120 |
And I think about sort of what am I telling my kids based on my experience? 00:09:45.120 |
And what's the outlook that I want them to have? 00:09:48.160 |
And oftentimes we say to our kids, you can do anything you want, right? 00:09:52.200 |
That's like the thing that a parent will sometimes say. 00:09:55.040 |
And I, and I've catch myself sometimes saying that, but I feel like I, knowing 00:10:01.000 |
what I know now, I feel like I need to be more nuanced about it. 00:10:05.840 |
It's, you can do anything you want, but remember that no one ever does it alone. 00:10:11.360 |
No, no, no successful product, project, political movement, career trajectory 00:10:18.080 |
that was successful ever happened through one person just saying, I'm going to go 00:10:23.920 |
It was always the people along the way that invested in you, that hired you, that 00:10:28.800 |
took a chance on you in some way, shape or form. 00:10:31.040 |
And yeah, that could be an investor for your startup, but it could be a hiring 00:10:34.520 |
manager who says, you don't meet all the qualifications of this role, but I, but I 00:10:38.720 |
like your energy and I'm going to take a chance on you. 00:10:40.920 |
It could even be friends and family, no matter what we're trying to do. 00:10:44.000 |
And in our communities and our careers and our companies, we always need to have 00:10:54.040 |
And if you think about people who just have jobs, they're not looking to get a 00:10:58.560 |
Are there some examples of how you can use these kind of back ability traits 00:11:07.080 |
I mean, I know you had a Tim Ferriss on the show a few weeks ago, and one of the 00:11:10.920 |
most important things that I think sort of surfaced in the book was, was what I 00:11:14.880 |
call casting a central character, casting a central character. 00:11:18.080 |
And the way that this came up for me was when I was, when I was actually pitching 00:11:22.120 |
my idea, though, I think that this is, this is something that can be, you know, 00:11:26.360 |
But I was pitching Tim on my startup Rise, and what Rise did was one-on-one 00:11:31.840 |
And I had all of the sort of, I had the classic like Silicon Valley pitch deck, 00:11:37.880 |
It was like all the numbers, all the sort of trend lines, you know, I talked about 00:11:42.600 |
the rising rates of obesity and hypertension and diabetes and, and how big 00:11:48.560 |
And then literally during like Q&A, Tim and I started talking, and the story of 00:11:55.400 |
And the story of my father is that when my dad was in his early 40s, he had, he 00:12:05.680 |
I mean, it was, it was, it was a really close call. 00:12:07.720 |
And what I remembered most about the experience and what I was sharing with 00:12:11.280 |
Tim was that when we went to go pick him up and, and brought him home, they had 00:12:18.840 |
And I remember sitting in the backseat of the car, I was nine years old, and I'm 00:12:23.040 |
And one of the pieces of paper was how to eat, right? 00:12:26.680 |
And then it had things like eat broccoli, eat Brussels sprouts. 00:12:29.160 |
And I remember thinking to myself, like, we don't, we don't eat broccoli. 00:12:34.360 |
Like we're Indian, like we eat Indian food at home, right? 00:12:39.120 |
And I remember thinking to myself, like, I don't think this is really going to stick 00:12:45.720 |
Like he was, he was back in the hospital within 60 days. 00:12:48.760 |
And so it was when we went back to the hospital that they gave us the help of a 00:12:55.760 |
Insurance kicked in, helped pay for the cost. 00:12:58.120 |
And I believe that my dad is alive today, over 25 years later, because of the help 00:13:04.480 |
of that, of that nutritionist, because she was able to customize something that was 00:13:08.800 |
able to make, you know, it really stick and work for our lifestyle, for who we are 00:13:16.920 |
And he looks at me and he's like, why wasn't that part of the pitch? 00:13:23.960 |
And what I realized is that oftentimes when we walk into a meeting and we're trying 00:13:29.720 |
to persuade people, we come in with the numbers. 00:13:32.320 |
And that's especially true, I think, in places like, you know, Silicon Valley or in 00:13:35.880 |
New York, when we can be incredibly numbers driven. 00:13:38.720 |
But sometimes we miss the story, the story of that one, that one, one person. 00:13:44.600 |
And what we found when we looked at the most successful pitches, both for 00:13:49.440 |
startups or inside companies, what people tend to do is they tend to take us into 00:13:54.600 |
the, into the shoes of that one person that they're trying to serve. 00:13:58.440 |
And then they zoom out and talk about the millions of people who are sharing that 00:14:02.520 |
So in the case of Arise, in case of my company, I would walk in and tell the 00:14:07.480 |
I would tell them, I would tell investors that story. 00:14:09.480 |
And then I would talk about the millions of people who are going through their own 00:14:13.680 |
Central character, casting one central character and marrying story with 00:14:18.480 |
substance is, I think, one of the keys of a backable person. 00:14:21.960 |
Like stories bring us in, but substance keeps us there. 00:14:25.680 |
And so is that something that applies more throughout? 00:14:31.640 |
Do you have the story embedded throughout everything you're talking about? 00:14:39.480 |
I think you can try different ways and there's not a fixed formula as to 00:14:43.120 |
I don't think the story necessarily needs to come first. 00:14:46.880 |
I like the idea of walking into a room and saying like, let me, let me introduce 00:14:56.920 |
Let's talk about all the numbers that support all of this. 00:14:59.360 |
And I think that that tends to be the way that, that most, I think successful 00:15:04.920 |
I mean, even if you just look at like, let's, let's, let's zoom out of startup 00:15:07.600 |
world for a moment and just look at like journalism, right? 00:15:09.760 |
Like a great story that's written a journalist that wants to bring light to 00:15:13.920 |
what's happening in a certain part of the world. 00:15:15.520 |
What they'll typically do is they'll start with one person's story, right? 00:15:18.560 |
This so-and-so and they'll put you right there and then they'll zoom out and 00:15:22.240 |
they'll talk about the, the, how the magnitude of, of, of the story, right? 00:15:27.400 |
Like it's not just this one person, but how many people are suffering from the 00:15:32.080 |
I think it's a very powerful way to, I think, start with story and then roll 00:15:35.440 |
into substance, but you can try it both ways. 00:15:37.360 |
You can start with the data and the numbers, and then you can tell a story 00:15:40.200 |
But I think the key is that you do both right. 00:15:43.640 |
Like, I think we talk a lot about storytelling in the world of business 00:15:46.680 |
today and it's become kind of an in vogue sort of term, but storytelling in 00:15:50.120 |
business isn't, isn't sort of getting up in front of a room and saying once upon 00:15:53.080 |
a time, it's, it's, it's story plus substance. 00:15:58.880 |
And we're talking about an example where you're already ready to tell your 00:16:05.280 |
How do you, I know the first step in the book was to convince yourself. 00:16:09.080 |
And I think you mentioned something that I thought was really surprising, which 00:16:12.520 |
is, you know, you think about someone in your mind who's kind of falls into this 00:16:16.160 |
criteria of backable and I think charisma is something you think of and you pointed 00:16:20.800 |
out that conviction is really more important than charisma. 00:16:23.680 |
So where did you kind of come to that conclusion and how do you apply it? 00:16:28.520 |
Yeah, because when I first started writing the book, I thought that I was 00:16:32.240 |
going to find a certain style to backable people. 00:16:35.080 |
Like they were all going to speak with, you know, great enunciation. 00:16:39.080 |
They were going to have great hand gestures and pacing and eye contact and 00:16:42.800 |
just all of like the classic communication things that we learn and, you know, a 00:16:47.760 |
But that just didn't, that, that wasn't the case at all. 00:16:50.000 |
What I found was that there were certainly some people who were highly 00:16:54.080 |
charismatic and that were backable, but there were plenty who were not. 00:16:56.960 |
And, you know, if you want just a quick example of that, go back and watch the 00:17:04.080 |
And we, we remember that as, as a, as an epic, epic speech. 00:17:10.920 |
But if you look at Steve Jobs' communication style, it's not, it's not 00:17:16.720 |
Like he uses the word "uh" over 80 times in the speech. 00:17:20.840 |
He spends a good deal of time sort of staring at his feet. 00:17:23.560 |
Like he does a lot of the things that if you were, if you were to go see a public 00:17:26.160 |
speaking coach, they would tell you never to do, but it was, it was an 00:17:31.760 |
And there are plenty and plenty of examples of that. 00:17:34.560 |
What I found is that backable people, it's not charisma that I think makes a 00:17:40.640 |
Backable people, the common denominator is that they take the time to convince 00:17:46.280 |
themselves first, and then they let that conviction shine through with whatever 00:17:51.040 |
speaking style it is that feels most natural to them. 00:17:53.720 |
So, I mean, if you're a charismatic person naturally, don't change that. 00:17:56.520 |
But if you're, but if you're not, like you're more, you're more shy or you don't 00:18:00.280 |
have some of these classic techniques, what I would say to you is don't spend 00:18:03.760 |
your time trying to develop those techniques. 00:18:06.160 |
Instead, go to, go to the conviction that you have in the idea. 00:18:09.800 |
And so one of the mistakes that we see sometimes is that people will spend a lot 00:18:14.240 |
of time creating very slick, you know, sophisticated PowerPoint decks or keynote 00:18:21.320 |
They'll come up with an idea and they'll immediately go to the design and to the 00:18:24.720 |
aesthetic of how they're going to present it, but they don't spend enough time 00:18:28.280 |
actually thinking about like, why do I believe this is true? 00:18:31.120 |
Like what, what, what are the, what are the potential holes in my thinking? 00:18:35.000 |
What answers do I potentially have for those holes? 00:18:37.440 |
And again, what we're talking about here, again, whether you're your startup or 00:18:41.320 |
you're talking about inside a company, these are new ideas. 00:18:44.080 |
And so every new idea is going to have holes and it's okay to have that. 00:18:48.280 |
But spending the time to understand why you're convinced and also knowing what 00:18:53.120 |
you don't know is you're going to be much better off spending your time doing 00:18:57.760 |
that than creating a PowerPoint deck with a bunch of bullets, but then getting into 00:19:02.600 |
a room and not really having the substance underneath those bullets. 00:19:05.480 |
And what do you say to someone who's, you know, maybe on one end of the spectrum 00:19:11.040 |
where they have ideas and they're really good at picking them apart and kind of 00:19:18.320 |
I think part of working in venture capital is saying no a thousand times. 00:19:21.840 |
And so every time I have something I want to do, one option is just like, wait, and 00:19:26.400 |
if you're still really excited about it for, you know, three days, five days, 10 00:19:30.840 |
But I feel like I've probably had ideas that I picked apart too much and didn't 00:19:38.200 |
No, I mean, I think that that's definitely, that's definitely the paradox 00:19:41.000 |
of, of, of being smart in a particular area, right? 00:19:44.080 |
As an investor, you started to see the holes and ideas, and then you apply that 00:19:48.480 |
I, I was talking to an investor the other day who was like, he comes from a FinTech 00:19:52.400 |
background and he's like, I've, I've passed on every single great FinTech deal, 00:20:00.880 |
And, and, and so I do think that sometimes we can be sort of, I think more rigorous 00:20:07.000 |
on ourselves than others might be, which is why I think that it is important to, to 00:20:12.320 |
get out there and get feedback from other people. 00:20:15.160 |
And I think that, I think that for you, I mean, you know, look, look at how, look 00:20:21.240 |
And, and where you are right now, I think that potentially back in the day when 00:20:25.960 |
you were thinking about starting this, right, one of the things that might've 00:20:28.120 |
been on your mind is like, why does the world need another podcast? 00:20:31.120 |
And you definitely could have gone down the path of like looking at the numbers 00:20:34.080 |
and saying like, why is this different and all of that. 00:20:37.960 |
But my guess is that you probably started talking to some folks and they said, 00:20:43.000 |
And so I, I think it's a combination of a couple of things. 00:20:47.560 |
I think number one is, I think the number one is, is, is starting to build what we 00:20:50.920 |
call in the book, this backable circle of people who are around you. 00:20:56.120 |
There are four different types of personalities that we found that people 00:20:59.280 |
have in this backable circle that they could, they could always go to. 00:21:02.560 |
And, and, and the, and I call those the four C's. 00:21:09.000 |
And that's the person who, in your case, when you have a, we have a podcast, 00:21:12.480 |
you're like, look, I, this is my podcast idea. 00:21:14.880 |
And this is somebody who's going to build on top of it. 00:21:20.160 |
And, and you almost feel like you're in a musical jam session with them. 00:21:22.840 |
This, the second is your, is your cheerleader. 00:21:26.040 |
And it sounds a little sappy, but we all kind of need that cheerleader in our 00:21:30.520 |
It's, it's somebody who can, who can, I think, give us that bit of juice that we 00:21:34.080 |
need, even if, even if it's not a perfect idea, they're kind of like, you know, 00:21:38.560 |
look, you're going to be able to, you're going to be able to figure it out. 00:21:40.920 |
And what we found is that people, people who are, I think, the most backable, 00:21:44.760 |
extraordinary people, they all have cheerleaders in their corner. 00:21:50.280 |
And your coach is different than your collaborator, because your collaborator, 00:21:55.000 |
while your collaborator is thinking about whether your idea is going to fit the 00:21:58.080 |
market or fit the company that you're in or fit the team, your coach is really 00:22:02.480 |
thinking about like, does this idea fit you, right? 00:22:05.160 |
Is this something that you are going to want to run with? 00:22:07.160 |
And it kind of gets to your question, Chris, which is like, I don't think any 00:22:10.960 |
new idea is going to, is going to be without holes. 00:22:13.720 |
Like if it, if it, if it didn't have holes, it probably wouldn't be a new idea. 00:22:17.760 |
But you know, the question is, do you, do you have enough emotional juice to get 00:22:23.600 |
through the rejections, to get through all the setbacks that are inevitably come up 00:22:29.440 |
And you're only going to do that if, if the idea makes you come alive. 00:22:33.920 |
And one of the things that a good coach does is they know us intimately well 00:22:38.120 |
enough to say, yeah, this is something that you're going to want to run with and 00:22:41.880 |
keep getting back up every time you get knocked down, because you love this. 00:22:47.520 |
Like for me, as a writer, I, I love, I love to write, but when I went, when I, 00:22:53.600 |
when I went to my wife and I was like, look, I've got ideas for these books. 00:22:57.360 |
She wasn't like, Hey, all these ideas are like home runs. 00:23:00.360 |
But what she said is like, I know that you love to write, like this stuff makes 00:23:04.400 |
And no matter what happens, like you're going to, you're going to like want to 00:23:07.520 |
And you need a coach who knows you intimately well enough to be able to do 00:23:10.600 |
And the fourth, the fourth C is your critic, but I like to call this your, your 00:23:16.920 |
And I call this person your cheddar, because if you've ever seen the movie 00:23:20.880 |
eight mile, Eminem is surrounded by a circle of friends in the movie, and 00:23:27.320 |
But there's one friend named cheddar who's constantly poking holes in Eminem's 00:23:32.160 |
ideas. And we, you know, we, we find throughout the film is that it's really 00:23:37.320 |
cheddar that gets Eminem ready for the stage. 00:23:40.640 |
And, and I, and I think it's the most underrated member of our circle because 00:23:45.280 |
we tend to sort of push the cheddars out of our lives, right? 00:23:51.680 |
No one likes people who poke holes in their ideas. 00:23:53.480 |
But what we found is that backable people tend to embrace their cheddar because 00:23:59.240 |
Who's going to bring them, you know, get them ready for a big moment. 00:24:02.440 |
I mean, it's funny, as you walk through this example, I think of my wife, who's 00:24:05.720 |
probably like the, I was like, Oh yeah, she's the collaborator. 00:24:10.280 |
I was like, can, can the same person fill multiple roles or do you need four 00:24:18.160 |
But I, I think the, the key is you want to be clear with people about what it is 00:24:22.560 |
you need before, before you go in and talk to them. 00:24:26.280 |
So if you're about to go give a pitch or if you're about to go to a big meeting, 00:24:32.040 |
you don't need cheddar moments before that, right? 00:24:35.240 |
That's the last thing that you need in that moment. 00:24:37.560 |
You need a cheerleader, maybe you need a little bit of a collaborator. 00:24:40.280 |
So the key is that if you have one person who can play multiple roles, you say to 00:24:44.840 |
them, look, all right, you know, let's take the reverse example. 00:24:49.960 |
And you're trying to get, you're trying to become aware of what are all the blind 00:24:54.920 |
Well, then you call a friend, said, look, I need you to be a critic right now. 00:24:59.280 |
But if your moments before that big moment, you want to call somebody and say, I need 00:25:03.800 |
And so just be very clear with people about what you need. 00:25:06.000 |
Yeah, I'll, I'll go and say this actually applies to so many things. 00:25:10.800 |
I, uh, as many people listening know, I have a newsletter and I remember the first 00:25:15.080 |
time I asked my wife for feedback, I said, Hey, can you give me feedback on this 00:25:18.520 |
So I sent it to her and she comes back and there's all these comments about all the 00:25:23.520 |
And I was like, Hey, I really appreciate you helping me because I made a bunch of 00:25:30.480 |
But I really just wanted to know if it was a good idea to write about this topic. 00:25:34.880 |
And so I, I, you could take that lesson and apply it far beyond just ideas that 00:25:45.640 |
Yeah, no, I mean, same, same thing happens to me, by the way. 00:25:48.480 |
I had to be like, I'm, I'm working on a new book right now. 00:25:57.920 |
And so I'll tell my wife and like, and she's a writer, as you know, and, and 00:26:01.880 |
she'll say, I'll say to her, look, skip all the stylistic stuff. 00:26:07.120 |
Just like tell me, like, does this thing flow? 00:26:11.160 |
It seems like with every business, you get to a certain size and the 00:26:17.960 |
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I know there are a few other things that you highlight in the book, but 00:29:20.960 |
before we get there, I want to jump back to how you learned all of this. 00:29:24.320 |
So yes, you reached out to all these people where I'm not even sure if you 00:29:27.920 |
were thinking about writing a book at the time, but what, what kinds of people 00:29:32.000 |
wrote back and what were kind of some of the lessons that were themes amongst 00:29:38.160 |
I mean, I started to put it into practice myself immediately, and I 00:29:44.800 |
And, you know, I, I, I tend to sort of take, you know, when I'm in a meeting 00:29:48.400 |
with anybody who I'm learning from, I just take copious notes and, and I'm 00:29:53.120 |
And I would, I would leave every single one of these meetings. 00:30:00.680 |
It was, it was people who were producing films. 00:30:03.000 |
It was a lot of people inside Silicon Valley who were on both sides of the 00:30:06.160 |
table, founders who had done well and investors who invested in founders. 00:30:09.840 |
And so I was taking my notes and I was compiling them and I was starting to 00:30:13.920 |
realize that a, I really loved having these conversations and wanted to have 00:30:20.440 |
But B as I was putting these things into practice, like it was working, it was 00:30:25.680 |
And I started to share some of the nuggets and some of the wisdom that I was 00:30:29.760 |
getting in these conversations with other people, people who were starting 00:30:32.440 |
companies, people who were inside companies that were trying to get their 00:30:44.000 |
I didn't start writing the book until 2017 and the book didn't come out until 00:30:49.440 |
2021 and so it's been a long time in the making. 00:30:53.680 |
The, the way that I sort of themed the book was I really tried to put a tight 00:31:00.760 |
Like there were a lot of obvious things that came out of these conversations 00:31:07.000 |
Like there are all the sort of obvious things, but I tried to just filter all 00:31:12.520 |
And I tried to really search for what was not obvious. 00:31:15.160 |
Convincing yourself first to me, even though now I look at it and I'm like, 00:31:20.320 |
It was one of those things I never really, I never really did. 00:31:22.880 |
And I noticed that a lot of other people didn't either really taking the time to 00:31:27.120 |
And you know, in the book we go through very specific things that people do to 00:31:33.200 |
You know, one of the, one of the, one of the things that I, uh, one of the other 00:31:37.120 |
themes that came out of the book was this idea of playing exhibition matches, 00:31:41.160 |
playing exhibition matches, which I thought was, I think I still think today 00:31:44.960 |
is, is a really, really important one, which is that like, you know, when we 00:31:49.160 |
studied backable people, one of the things we found was that they tend to almost 00:31:53.960 |
have this improvisational style about them, right? 00:31:57.680 |
Like when they speak, it's almost like they're speaking like they're off the 00:32:01.840 |
cuff, but the reality is that that actually is the product of lots and lots 00:32:10.080 |
And in fact, the average backable person that we studied was practicing about 21 00:32:19.240 |
So with any type of new content, any type of new presentation, new idea, it was 21 00:32:23.880 |
practice rounds before they, before they got into the real thing. 00:32:28.080 |
Now, like a couple of things to keep in mind. 00:32:30.160 |
Number one is like, these practice rounds can be with anybody, you know, like Chris, 00:32:33.520 |
I'm sure like your wife would be on that list. 00:32:36.840 |
My daughter, my daughter, my nine-year-old daughter will, we'll do an exhibition 00:32:43.960 |
And it's really important to, I think, do this over and over again. 00:32:47.400 |
Now the number one, the number 21 might seem like a lot because it did to me. 00:32:52.720 |
And I thought to myself, like, isn't that going to make you sound really scripted? 00:32:57.240 |
Isn't it going to make you sound like robotic if you practice something that 00:33:00.400 |
much, but what I found is that the opposite happens because once you've 00:33:05.880 |
actually mastered material at that level, when you sort of understand what you're 00:33:11.360 |
talking about at that, in that way, what it allows you to do is it allows you to 00:33:15.600 |
drop your script when you walk inside a room, right? 00:33:18.960 |
You no longer are sort of married to the outline where you're like, yeah, I'm going 00:33:23.920 |
And I'm going to say that, which is, it tends to be how most presentations are 00:33:28.400 |
When you have mastered your material at that level, what it allows you to do is 00:33:33.240 |
be fully tuned in, fully present and adaptive to what's happening inside the 00:33:38.240 |
If something's resonating a little more, you can double click on that. 00:33:41.200 |
If you find that there's a look of confusion on that person's face, well, 00:33:44.280 |
then you can take the pause at the right moments and you can start to adapt and 00:33:48.320 |
Then what we find is that backable moments never really happen when somebody 00:33:53.320 |
walks into a room and like reads a script and then like drops the mic and 00:34:01.720 |
It's a, it's pausing, it's jumping around where these like really productive 00:34:07.960 |
And so mastering your material at that level allows you to have that kind of 00:34:13.040 |
Uh, one of my favorite quotes from the book is from Charlie Parker, who's this 00:34:18.520 |
And, and he had just, not only was he just a great, great musically, but he had 00:34:25.400 |
And so one day somebody asked him, they said, they say, Charlie, like, how do you 00:34:31.680 |
And Charlie Parker says, well, you got to learn your instrument and then you 00:34:39.840 |
And then before you get up on stage, you forget all of that and you just wail. 00:34:45.840 |
And what we're really trying to do, Chris, I think is we're trying to get to that 00:34:50.520 |
point where we feel confident kind of just forgetting it, like forgetting all 00:34:54.400 |
the stuff that we had been, where we committed to memory and just like going 00:34:59.680 |
And the only way we get there is through lots of practice. 00:35:03.920 |
Two things that come from this that, that I'll share. 00:35:06.320 |
One, I always, if you look at a slide deck of any presentation I've ever given, a 00:35:12.680 |
stark contrast to many others is that I try to put almost nothing on the slides. 00:35:18.000 |
It's, it's an image or a word or maybe three words or, or something, but I don't 00:35:23.360 |
have a lot of bullets and I've never really been able to articulate why. 00:35:27.520 |
I always see people's presentations and I'm just like, cut it out, cut 00:35:30.840 |
But now I feel like I can actually articulate it based on what you said, 00:35:34.960 |
which is if you know the content well enough and you want to read the room to, 00:35:39.920 |
you can't have a script sitting behind you or you're kind of forced into a 00:35:44.480 |
specific conversation and so when you drop a lot of that, it gives you the 00:35:52.000 |
But it at least hones you to say, I'm still going to make this one macro point, 00:35:58.440 |
So I appreciate you sharing that because I now, I now could articulate 00:36:05.000 |
Well, I'll add to that too, cause I, I, I love that. 00:36:08.280 |
And part of the, one of the things that I think that, you know, backable people 00:36:11.880 |
like yourself tend to do is that they tend to share what something could be, 00:36:19.600 |
They share what it could be and not exactly how it has to be. 00:36:23.000 |
And so by having sort of a high level theme, what you're, what you're 00:36:28.800 |
And it may be that off that one sort of meta bullet that you have on that, on 00:36:33.200 |
that slide, instead of the seven bullets, what you're going to do is you're going 00:36:36.960 |
to prompt the room to start, to start contributing to the conversation. 00:36:41.200 |
And, and that, and that's when just like the best things happen. 00:36:44.360 |
One of the chapters in the book is called flip outsiders into insiders, 00:36:49.880 |
You want people to ultimately feel like they're an insider in your idea. 00:36:57.440 |
You know, what Salman Rushdie, who's one of my favorite authors had this quote, 00:37:01.960 |
and he said that most of the decisions that happen in our lives, most of the 00:37:06.880 |
decisions that affect us happen when we're not even in the room. 00:37:12.160 |
And I love that because it's so, it's so true, right? 00:37:15.800 |
You go in and give a pitch, like you were on the investing side, right? 00:37:18.240 |
At Google ventures, when people came in and pitched you, even if you love the 00:37:22.000 |
idea, your next step was to go talk to other people at GV, right? 00:37:25.840 |
You had, you had to start representing the idea. 00:37:27.720 |
So now all of a sudden, this, the outcome for this founder is somewhat in your 00:37:37.320 |
And the point is that oftentimes we sort of treat these situations as we're trying 00:37:42.480 |
to sell that person, almost expecting like that's the final outcome. 00:37:45.720 |
But no, we're not just looking to create people who like our idea. 00:37:49.920 |
We're trying to try to create people who advocate for our ideas, right? 00:37:52.920 |
They have to go out and they have to sell their other people to sell their 00:37:55.920 |
partners or their fellow colleagues or other members of the leadership team or 00:38:00.560 |
And we can only do that if they feel like they are, they have almost founder level 00:38:05.440 |
passion over the idea, even if they didn't come up with it themselves. 00:38:11.040 |
And it's something that if I look back fundraising, I tried to do, but I'm not 00:38:17.440 |
If I tried again, I want to go back really quickly and just point, point out 00:38:21.640 |
something that I know you kind of conveyed, but you didn't title one of the 00:38:27.560 |
chapters, you need to do some research and prepare for meetings. 00:38:33.720 |
And what I took away from that, that was maybe subtle, but also important is that 00:38:39.080 |
the type of preparation that you should be doing is very similar to the type of 00:38:45.880 |
So if you're giving a presentation, give the presentation. 00:38:48.840 |
And that is different than reading the slides. 00:38:52.240 |
That's different from writing out the notes and practicing the notes. 00:38:55.320 |
So I just wanted to highlight, unless I got it wrong, that it's really important 00:39:00.040 |
to match that medium and not just prepare, but actually do the thing you're going 00:39:06.320 |
It's such a good, such a, I mean, I I'm glad you brought it up because like 00:39:09.240 |
sometimes I forget how important this is and it was impressed upon me many times 00:39:14.360 |
from all of the people that we studied, which is like, don't give the director's 00:39:18.840 |
commentary when you're doing these exhibition matches, when you're, when 00:39:21.680 |
you're giving these practice sessions, give it as if you're in the actual room. 00:39:26.000 |
So you're not saying, Hey, so here's what I'm planning on doing. 00:39:28.400 |
I'm going to say this to them and I'm going to say that to them. 00:39:30.320 |
You're just giving the actual thing because what you're doing is you're, is 00:39:33.720 |
you're building the muscle memory that you're going to need when you're inside 00:39:39.680 |
When I was studying for, um, the GMAT, I still remember my, I was speaking and 00:39:44.480 |
talking to my older brother, who's like a whiz at, at like the standardized tests. 00:39:52.760 |
And he's like, listen, what time is the test that you're taking? 00:39:59.800 |
He's like, all right, every day from here until the test at 3:00 PM, you take a 00:40:17.000 |
I mean, it was the best, it was the best standardized test I have ever taken. 00:40:20.120 |
Like I did way better than I thought I was going to. 00:40:22.200 |
And it was only because every day at 3:00 PM I took that test. 00:40:26.400 |
And so like applying that to like the world that we're in, if you are, if you 00:40:30.160 |
have a big meeting coming up with, with the leadership team or you're pitching 00:40:37.440 |
Well, then at 11 AM, start giving these exhibition matches, start 00:40:42.040 |
Like give a practice round every day at 11 AM between here and there. 00:40:47.880 |
You start getting it ready for the, for the real moment. 00:40:50.800 |
And again, like, like you said, you want to do the, you want to do the real thing. 00:40:54.440 |
The other thing that I, that I completely sort of, I, I, I am terrible at doing is 00:41:00.440 |
like, I always ask the question after I give a practice session to somebody, I 00:41:04.640 |
always ask them the question, what did you think? 00:41:09.360 |
And what I realized is that backable people never asked that question because 00:41:15.040 |
it's just, it's such a low signal question to ask. 00:41:18.400 |
You're not going to get the feedback that you need because typically if you ask 00:41:22.120 |
somebody like, what'd you think, they're going to be like, yeah, it was pretty 00:41:27.440 |
And that doesn't really give you the information that you need to be better. 00:41:30.480 |
And so, especially if you're talking to somebody who is informed, the better 00:41:34.360 |
question to ask is what part of all that stood out to you the most, right? 00:41:40.560 |
Cause now, now they actually have to put some thought into like, they have to 00:41:43.680 |
stack rank, like here's what the best stuff was. 00:41:46.360 |
And it may turn out that like some of the stuff that you wanted to be the best, the 00:41:50.120 |
point that you were really trying to make, didn't actually make that cut. 00:41:54.920 |
Or the other great question that I love to ask now is how would you 00:42:03.040 |
And that's something that I do now is as I, especially when I was thinking about 00:42:06.000 |
new book topics and I sort of have my, you know, two page proposal proposal 00:42:10.360 |
written is I would hand it to somebody and I'd say, can you read this? 00:42:13.400 |
And then they'd be like, yeah, it's pretty good. 00:42:15.160 |
And I'd be like, well, how would you describe this idea to a friend? 00:42:17.800 |
And what I've found is that oftentimes some of my friends would describe my 00:42:21.880 |
idea in a way that was much better than I ever could. 00:42:24.560 |
And that ended up being the way that I ended up framing the book. 00:42:28.440 |
Is there a question that you can ask to find some of the stuff that's not good? 00:42:34.000 |
I think that, that helps you rephrase and highlight what, what worked and I'm 00:42:38.640 |
asking specifically, cause I usually ask guests at the end of this, after we stop 00:42:42.600 |
the recording, I say, I want to know what I could have done to do a better interview. 00:42:47.320 |
And, uh, you know, I sometimes ask, like, is there a question I should have 00:42:50.440 |
asked or what question did I ask that really stood out those things? 00:43:03.240 |
I mean, one of the things that really impressed me, this is, let's answer your 00:43:06.320 |
question is like when we were selling Rise, we sold Rise to a company called 00:43:10.160 |
One Medical and one of the things that really impressed me from the beginning 00:43:14.320 |
about One Medical and the founder, a guy named Dr. 00:43:16.880 |
Tom Lee was that he had sort of run his brick and mortar, you know, business in 00:43:22.600 |
the, in the very beginning, it was like literally just him inside a clinic and 00:43:28.120 |
He was the doctor, he was the nurse, he was the phlebotomist, he was the front 00:43:32.720 |
The, one of the things that he did when he was starting out is every time a 00:43:35.680 |
patient would leave the experience, he'd say, Hey, look, on a, on a scale of, on 00:43:43.160 |
And if it was anything other than a nine or a 10, he would ask, what could I have 00:43:48.520 |
done that would have made this a nine or a 10, right? 00:43:51.880 |
And I think that that's just like a very positive sort of way, I think, to, to ask 00:43:57.680 |
that question, but what was really cool about his story is like, because he was 00:44:02.080 |
serving all roles, he would literally take that feedback and he'd roll it right 00:44:07.520 |
So he had this just like, you know, almost like product development, iteration 00:44:13.640 |
And he continued to sort of fold this feedback in over and over and over again 00:44:16.680 |
until he finally refined this process that he felt like it was ready, ready to 00:44:20.720 |
So, yeah, I think, I think just asking people that, what, what would, what would 00:44:27.720 |
It's a classic thing that, yeah, companies do. 00:44:30.680 |
I'm sure everyone here has gotten a survey after buying a product online. 00:44:36.160 |
And it's so crazy, but people don't actually use that same, if it's the best 00:44:40.200 |
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I'd love to jump quick back to what you were saying about bringing people in. 00:47:33.120 |
And I'm curious if you have tactics for bringing people into your idea or your 00:47:38.680 |
I think you, you've convinced me of how valuable it is, but how do you actually 00:47:43.320 |
Yeah, I was kind of the person who would, you know, come into an hour long 00:47:48.400 |
meeting and I would have like 40 minutes worth of content, right? 00:47:51.880 |
Like I would have a, I would have a pretty exhaustive slide deck and then I 00:47:55.480 |
would use that 40 minutes to, to sort of like go through it. 00:48:00.480 |
And what I found is that that, that tends to kind of be sort of how most of those 00:48:09.760 |
I walk in with 20 minutes or less of content, like just very, very high level 00:48:15.160 |
and then open it up because I think these backable moments happen when you can sort 00:48:23.640 |
And so that means sharing counterintuitively. 00:48:26.360 |
It means sharing less upfront than you might otherwise share, right? 00:48:31.040 |
It means, it means just really kind of like setting out what the high level vision 00:48:34.520 |
is, having a few of the details, but then having the, having the rest be in, in 00:48:39.360 |
backup, like be ready, be prepared to have the discussion. 00:48:43.040 |
You know, one of the misnomers I think that people have is like the misconceptions is 00:48:46.840 |
that, that it takes more time to prepare for a presentation than it does to prepare 00:48:53.640 |
It actually takes a lot more preparation to prepare for a discussion because with the 00:48:57.280 |
discussion, you have to be able to ask the right questions. 00:48:59.600 |
You have to be able to pull out the right sets of information. 00:49:02.000 |
You have to do a lot of research on the other people who are in the room because 00:49:05.000 |
you know that they're all bringing certain perspectives in and you're looking to tap 00:49:09.200 |
And it sort of bring people in, in a certain way and start weaving all of that 00:49:13.320 |
I think it takes a, I think it takes a higher level of preparation. 00:49:17.000 |
And one of the stories that I really enjoyed was I studied a designer who was 00:49:21.560 |
remarkably effective inside big companies, companies like Microsoft and Google. 00:49:26.160 |
And that's hard sometimes as a designer because you are, you're really trying to 00:49:33.040 |
And especially in bigger companies, when there's lots of red tape and lots of 00:49:36.560 |
decision makers, kind of be a frustrating role. 00:49:39.120 |
Um, but this guy was remarkably effective at it and I wanted to understand like, 00:49:45.160 |
And one of the stories that he told me was that when he was starting out, he would 00:49:49.240 |
always take these really pixel perfect designs into, into these meetings and he 00:49:54.800 |
He put them up on the, you put them up on the wall and people would sort of tear it 00:49:58.600 |
They'd be like, well, I don't like that and I don't like that. 00:50:00.320 |
And it turned out to be these very unproductive, frustrating meetings for 00:50:05.240 |
But one day, almost by accident, he, I mean, he forgot his backpack and so he 00:50:09.080 |
didn't have his laptop, but the meeting was already scheduled. 00:50:12.280 |
And so he literally walks into a room, but he's not able to project these designs 00:50:17.280 |
So instead he, he literally goes up to the whiteboard and he begins to draw his 00:50:24.880 |
So now instead of pixel perfect colors, he's, he's black and white, right? 00:50:29.880 |
And what he said was that people for the first time ever, like got up out of their 00:50:35.360 |
seats and they like stood behind, stood with him at the whiteboard. 00:50:38.880 |
They started drawing with him and he's like, we got more done in that one hour 00:50:43.920 |
than I had in like the previous few months trying to get this design done. 00:50:47.880 |
Because like I was, I was, I was going to them and I was trying to get their buy in 00:50:54.040 |
There's a, there's a classic, classic story of Betty Crocker in the 1940s. 00:50:59.520 |
And in the 1940s, Betty Crocker introduced instant cake mix to the market. 00:51:04.400 |
And they were so excited about instant cake mix because they'd done all the 00:51:08.160 |
research, they'd done all the focus groups and they felt like this was going to be a 00:51:12.440 |
And so they, they, they put a ton of marketing dollars behind this. 00:51:15.920 |
They get instant cake mix on grocery shelves all around the country. 00:51:19.480 |
And then they wait for the sales numbers to come in. 00:51:21.360 |
And when they do, they're shocked because they find, they find out that nobody is 00:51:25.320 |
buying this instant cake mix and they cannot figure out why. 00:51:29.320 |
And so they hire the psychologist, a guy by the name of Ernest Dykda to go out into 00:51:35.480 |
And what Dykda comes back with it like is shocking to the people at Betty Crocker. 00:51:39.760 |
He says, I think you have made the process of making a cake too easy, too simple. 00:51:46.120 |
Because when a customer removes the cake from the oven, they actually don't feel any 00:51:52.880 |
They actually don't feel like they actually made the cake. 00:51:55.320 |
So Dykda is like, I have a recommendation for you. 00:51:58.480 |
Why don't you remove one key ingredient and just see what happens? 00:52:04.720 |
So now as a customer, you have to go out and you have to buy fresh eggs, you have to 00:52:08.840 |
bring them back home, you have to crack them into the mix, you have to stir it in, and 00:52:11.800 |
then you pop it into the oven and sales completely take off, right? 00:52:15.520 |
Because now when the cake comes out of the oven, customers actually felt some 00:52:22.800 |
And look, I mean, this has been, this has been proven out over and over again through 00:52:27.760 |
There's a group out of Harvard that calls this the Ikea effect, which basically says 00:52:32.320 |
that we place up to five times the amount of value on something that we help build 00:52:36.840 |
than something that we simply buy off the shelf because, because we made it ourselves. 00:52:41.080 |
And so there's a lot of, there's a lot of people out there with poorly made futons 00:52:44.520 |
and furniture, and they're never going to get rid of it because it's like, no, I built 00:52:49.760 |
And so what does this have anything to do with what we're talking about? 00:52:53.840 |
I mean, I think that we oftentimes come in and we treat people like buyers instead of 00:53:01.520 |
What people don't want to be buyers, people ultimately, even if their job is to be an 00:53:06.040 |
investor, their job is to be a producer, even their job is to green light ideas inside a 00:53:11.320 |
They actually want to feel like they're part of something. 00:53:13.560 |
And so your job is to figure out a way to turn them from a buyer into a builder. 00:53:18.200 |
So by the time they leave the room, they actually feel like they have some ownership 00:53:21.880 |
They were able to crack their own egg into the mix. 00:53:24.400 |
Yeah, well, first off, I'll just have to say thank you to Betty Crocker, because I, my 00:53:30.320 |
wife and I love to bake and she's, she's much better baker than I, but I just don't think 00:53:36.760 |
Like it's just, it always tastes so much better. 00:53:38.720 |
So first off, just going to give a little thank you there, but I totally love this theme 00:53:42.880 |
of if you're anything you're doing, whether you're giving a presentation, whether you're 00:53:47.000 |
building a product, kind of taking a little bit less out of not trying to do the whole 00:53:51.480 |
thing for the room, for the partner, for the buyer and inviting them in. 00:53:55.960 |
But I'll highlight, you said something and I have a tactic to share, but still being 00:54:02.440 |
So when I was out fundraising, when I was out fundraising for my startup, I had a really 00:54:09.480 |
But what I did was I thought of every question that I could possibly get asked. 00:54:15.400 |
And my co-founder, every time someone asked a question that we hadn't thought about, wrote 00:54:19.480 |
And for the next pitch, we had a slide that addressed every single question. 00:54:24.920 |
And this wasn't as easy, but I went and memorized the order of all the slides. 00:54:29.000 |
And I did an episode a few weeks ago about memory. 00:54:31.640 |
If you want to kind of improve that, check that out. 00:54:34.040 |
And so someone came and would say, this was about financial advice. 00:54:39.480 |
They'd say, "Well, how do financial advisors spend their time?" 00:54:46.920 |
But I didn't walk them through all the questions because I wanted them to be a part of asking 00:54:50.680 |
and answering and thinking through whether this was a good idea. 00:54:53.240 |
And the interesting thing I learned was that if someone asked me a question and said, "Do 00:54:59.640 |
people really want to pay for financial advice?" 00:55:07.800 |
But if there was a slide that had my answer written on a screen, people were like... 00:55:15.160 |
And all it took was me thinking of every question, writing it up. 00:55:22.280 |
And by being prepared, it was like, "Yes, this is certain. 00:55:25.160 |
This person's not just giving me the answer I want to hear. 00:55:28.040 |
This was the answer they were going to give no matter what." 00:55:32.760 |
And so I always tell people, "Take that Q&A." 00:55:39.160 |
But write up a slide for every question you might get. 00:55:41.880 |
And it just makes the answer you give people so much stronger. 00:55:53.080 |
And it was like I could slide through slides and try to find them. 00:55:58.440 |
In the conversation of meeting people and trying to bring them in, 00:56:01.560 |
one of the things I think I and probably many people struggle with is... 00:56:06.760 |
Yeah, if you schedule a meeting, it's really easy to kick off that meeting. 00:56:13.160 |
and you see someone, you're like, "This person could add value. 00:56:17.400 |
I'd love to bring them in to be an insider in what I'm doing. 00:56:22.680 |
And some people have the ability to walk up to anyone 00:56:28.600 |
And I know running for Congress, you did this thousands of times. 00:56:33.240 |
Going up to complete strangers and trying to build that rapport really quickly. 00:56:38.200 |
What advice do you have for someone who's, let's say, at a conference, 00:56:41.480 |
sees someone much more senior to them, maybe runs another company, 00:56:50.280 |
What are the backable traits of people that do that well? 00:56:55.640 |
Even after doing it thousands of times, I don't know if I've mastered that. 00:57:00.040 |
I feel like I've never quite been great at small talk, 00:57:03.800 |
which is not great if you're running for political office. 00:57:07.160 |
But what I would say is that I think that asking good questions 00:57:16.600 |
And I think that one of the things that we tend to do is we tend to sort of, you know, 00:57:21.080 |
we use those precious key moments that we tend to have with somebody, 00:57:26.040 |
kind of just asking the same old stuff sometimes. 00:57:31.320 |
And I think that there are oftentimes much more precise 00:57:37.400 |
And I think that anytime that you are interested in getting somebody involved, 00:57:41.720 |
rather than going out and immediately pitching them, 00:57:45.000 |
one of the things that I try to do is I try to put myself in information collection mode, right? 00:57:55.960 |
And so, one of the things I try to get from people is like, 00:58:03.960 |
you know, "Hey, what are some of the things that you feel like are working the best right now?" 00:58:08.920 |
Like, if it's an investor, for example, like, 00:58:11.000 |
"What are some of the things in your portfolio that you're most proud of right now?" 00:58:14.760 |
And potentially even asking like, "What do you feel like, you know, 00:58:17.720 |
you thought was going to happen and surprised you?" 00:58:24.680 |
You know, but I really am trying to use those few moments not to sell myself, 00:58:30.440 |
but really try to get some signal on who this person is, right? 00:58:35.800 |
The second thing I would say is that oftentimes we go in for the kill too quickly, right? 00:58:40.520 |
And like, even like running for office, like, I saw people who were like, 00:58:48.200 |
Like, they'll walk up like, "I'm running for office. 00:58:55.720 |
And what you want to do is you want to get to know this person. 00:59:04.360 |
What is going to be the thing that matters most to you when you end up voting in November? 00:59:11.000 |
And questions like that are questions that let me understand who this person is. 00:59:15.320 |
And I think that we need to sort of evolve from like going in for the kill 00:59:20.680 |
where it's like phase one is really learning everything you can about this person. 00:59:25.800 |
And then phase two is setting up a follow-up meeting. 00:59:29.560 |
And saying, you know, "I'd love to share this with you." 00:59:32.200 |
But then the thing that I think is like most important and almost never done 00:59:35.880 |
is like as soon as you go home or like go off to the side 00:59:39.640 |
and like write down everything that you just learned. 00:59:46.360 |
and write down like the four or five things that you've learned from that conversation. 00:59:49.960 |
Because when you go back and talk to that person, 00:59:51.960 |
you want to make sure that you're weaving those into the conversation. 00:59:55.480 |
Like you're reacting and responding to the information that they've given you. 01:00:02.040 |
And I don't think I always write the notes down. 01:00:04.040 |
And three days later, you're like, "Gosh, what were we talking about? 01:00:07.880 |
So I love the idea of I leave the email in my draft, 01:00:10.920 |
but I should go back and just add a few bullets beforehand, 01:00:15.640 |
- I think people, no matter what, at all levels, no matter who they are, 01:00:19.800 |
I think at the end of the day, we all want to feel heard. 01:00:27.000 |
And oftentimes, we just don't show people that. 01:00:33.240 |
but we don't actually show them that we heard them. 01:00:35.560 |
You know, like the people who I studied inside bigger companies 01:00:40.040 |
that were just amazing, amazing at navigating 01:00:44.440 |
One of the art forms that they were able to sort of really get down 01:00:53.880 |
they would always sort of let them know that they had considered their feedback. 01:00:58.680 |
Like, for example, there was an executive that I sort of shadowed, 01:01:02.600 |
who what she did is she would, every time people had feedback for her, 01:01:08.120 |
And then when she was coming back into the follow-up meeting, 01:01:11.320 |
what she would do is she'd start the meeting by putting all that feedback up. 01:01:15.960 |
Like she would literally project all the feedback. 01:01:17.880 |
And she'd say, "Here are all the things that I heard during our last meeting. 01:01:21.240 |
And here's what I ended up doing with that feedback." 01:01:24.360 |
And it wasn't always like, "I responded to it. 01:01:29.080 |
But it was like, "No, sometimes I didn't respond to it. 01:01:31.720 |
But I want you to know that like I tracked it. 01:01:35.960 |
And yeah, it doesn't make people feel 100% when you've shared an idea 01:01:41.160 |
But it sure as hell feels a lot better than someone saying, 01:01:48.280 |
Yeah, I think it goes back to when you emailed people for advice 01:01:56.280 |
"Hey, look, The New York Times called me a failure. 01:01:59.480 |
But I do think the message that probably worked 01:02:03.080 |
and drove people to answer is you weren't saying, 01:02:06.840 |
You were saying, "Can you share your learnings or your..." 01:02:09.800 |
I always, when I write those emails, ask people to share their wisdom. 01:02:13.080 |
Because I feel like wisdom is like a word that's like, 01:02:18.120 |
And so I go back and think that that's probably 01:02:27.080 |
And I think people want to share their story as well. 01:02:29.800 |
And I think that if you're coming across as somebody 01:02:38.040 |
that I wish I could have brought in sooner, right? 01:02:42.360 |
Because it ended up making the last chapter of the book. 01:02:44.360 |
And so I feel like sometimes people don't finish books. 01:02:46.280 |
And so it probably may have gotten lost in the shuffle. 01:02:48.920 |
But it's the story of a guy named George Schaller. 01:02:56.440 |
And part of the reason he was amazing at his work 01:03:00.360 |
is that he was able to get closer to mountain gorillas 01:03:09.480 |
in a way that they wouldn't let other people in. 01:03:12.440 |
And so Schaller is at this conference one day, 01:03:17.000 |
And finally, somebody in the audience gets up, 01:03:18.520 |
and they're like, "Listen, Dr. Schaller, I don't get it. 01:03:35.400 |
Because they're like, "Well, okay, well, all right. 01:03:37.640 |
"We carry weapons, but they're in our backpack. 01:03:39.960 |
"And we're not like waving it around or anything like that. 01:03:44.920 |
And Schaller's theory was, "Look, you can hide your attitude. 01:03:49.480 |
"but you can never really hide your attitude around a gun. 01:03:52.360 |
"And if you have it, and it's in your backpack, 01:03:54.680 |
"you're always gonna behave a little bit differently." 01:04:12.360 |
or I try to catch myself trying to come off it, 01:04:16.200 |
I realize that there's an energy that comes with that. 01:04:20.760 |
And to become pure about it, like in your case, 01:04:23.800 |
"Look, I just really just wanna learn from you," 01:04:27.640 |
And I think you're getting some really great guests, 01:04:30.280 |
myself not included, but some really great guests, 01:04:36.520 |
Yeah, I mean, we covered so, I mean, first of all, 01:04:39.160 |
everyone, there's so much more on each of these in the book. 01:04:41.720 |
And I actually made it through the whole book. 01:04:46.920 |
But yeah, the one thing that we didn't touch on 01:04:49.320 |
that I had a question on that I wanna jump to, 01:04:51.480 |
and you shared, it's about finding an earned secret 01:04:55.160 |
and uncovering the information that's not obvious that, 01:04:58.520 |
and you just mentioned the questions people don't get asked. 01:05:07.160 |
do you have any tips for finding those secrets, 01:05:11.480 |
and maybe give a little bit more context on the chapter? 01:05:16.200 |
I mean, one of the people that I studied for this book 01:05:27.560 |
but he also runs large teams, runs large companies, 01:05:31.000 |
and he invests in technology companies as well. 01:05:34.040 |
And so it was interesting when I went to go see him, 01:05:38.520 |
and I'm in his waiting room in Beverly Hills. 01:05:59.080 |
"Look, Brian, if I could have given everybody out there 01:06:02.200 |
one piece of advice before they showed up here today 01:06:05.640 |
on how to prepare for a meeting with Brian Grazer, 01:06:17.720 |
Like give me something that's not obviously Googleable." 01:06:23.000 |
because the more that I talked to gatekeepers, 01:06:26.280 |
decision makers, people who are classic backers, 01:06:43.160 |
that may have been just a little bit like less obvious. 01:06:48.920 |
but they really put themselves into the story 01:06:51.560 |
and found something that maybe they wouldn't have found 01:06:54.200 |
had they just done sort of the classic research. 01:06:57.000 |
So that could be test driving a competitor's product. 01:07:03.640 |
like literally attending a show or attending something 01:07:07.000 |
that like maybe other people wouldn't have attended. 01:07:09.640 |
It's like just taking, like thinking to yourself, 01:07:12.280 |
I like to kind of almost do a two-step approach to this. 01:07:15.800 |
like what would most people do to prepare for this? 01:07:23.640 |
Like what can I do to go one step beyond that 01:07:31.640 |
it could literally just be calling a set of customers 01:07:35.560 |
When I was talking to somebody the other day, 01:07:43.080 |
and she called me and she told me this story. 01:07:44.680 |
And the story was that she was applying for a job. 01:07:50.280 |
and she was applying for a job at a social media company. 01:07:53.080 |
And the trick of it was like, she didn't use the product. 01:07:56.600 |
Like it was very much like a Gen Z focused product 01:08:02.840 |
so I was trying to figure out like what to do 01:08:09.880 |
I was coming through the site and reading people's bios 01:08:13.640 |
and doing all this stuff that we typically do. 01:08:43.480 |
Now, I don't know how much of it was different, 01:08:45.160 |
how much of it that they didn't already know, 01:08:51.160 |
and all this stuff that like people typically don't do. 01:08:58.760 |
he actually patched in one of their UX designers 01:09:02.360 |
who's like, "Hey, like you need to meet this person. 01:09:04.920 |
And I want the two of you to spend time together after this 01:09:21.480 |
I mean, find something that might not be obvious 01:09:23.640 |
or even just do something that other people don't do. 01:09:40.760 |
it's low because so many people just do the minimum. 01:09:46.520 |
I wanted this job at this hot startup back probably 2010. 01:09:53.320 |
And I made a presentation about location services. 01:10:05.080 |
that had no relevance to what we were building. 01:10:09.880 |
and I made some slides that were kind of silly. 01:10:15.480 |
But the fact that I made it gave them some knowledge 01:10:21.000 |
because I wouldn't have taken the time to do this. 01:10:24.840 |
They didn't ask you to make the presentation. 01:10:27.320 |
I was like, instead of saying, "Hey, I want to work here." 01:10:39.160 |
there were no unique insights in this presentation. 01:10:44.120 |
here's a person who cares about your company. 01:10:49.560 |
I'll just say that even without the unique insight, 01:10:52.760 |
going above and beyond can add a ton of value. 01:11:05.240 |
that I was going out to Weight Watchers meetings 01:11:07.960 |
and I was standing outside of Weight Watchers meetings. 01:11:10.280 |
And when people were walking in, I'd be like, 01:11:16.040 |
And look, the vast majority of people said no, 01:11:17.960 |
but every once in a while, somebody would say yes. 01:11:26.120 |
And also, it's not one of those sophisticated 01:11:29.880 |
sort of Silicon Valley ways of acquiring customers, right? 01:11:34.760 |
But somebody asked me in one of the early meetings, 01:11:43.400 |
And that turned out to be the part of the pitch 01:11:54.280 |
There's a story in the book about this publisher 01:11:57.720 |
who really wanted to get Howard Stern to write a book. 01:12:03.240 |
"I had been pursuing Howard Stern for 10 years 01:12:10.920 |
"Look, I already have a couple of bestselling books 01:12:24.200 |
"The vast majority of what Howard Stern would write about 01:12:27.880 |
is actually kind of already out there right now. 01:12:32.760 |
Because what he would probably do in this book 01:12:39.720 |
is he literally took transcripts of all these interviews 01:12:53.080 |
"Look, I told you I'm not going to write this book." 01:12:55.080 |
And Jonathan Karp's like, "Well, here's the book." 01:12:58.040 |
And what Howard Stern said is like in that moment, 01:13:16.200 |
when someone out there writes a book for you. 01:13:18.840 |
we're looking forward to you writing your own book, Chris. 01:13:21.400 |
So I feel like that story comes back to where we started 01:13:26.680 |
and believe in your idea and get in front of other people. 01:13:33.080 |
Is there a story that didn't make it in the book 01:13:51.160 |
we are a combination of both the information that we bring 01:13:57.400 |
And oftentimes when we prepare for a meeting, 01:14:02.360 |
but we're not really preparing for the energy. 01:14:12.520 |
But most importantly, how do I want them to feel 01:14:17.160 |
What's the feeling that I want people to have? 01:14:20.200 |
Because I think Maya Angelou said it the best, 01:14:25.400 |
but they will never forget the way that you made them feel. 01:14:27.480 |
And the reason that I think this is important 01:14:30.760 |
is that we are living in such a back-to-back world now, 01:14:34.680 |
especially for those of us who are working remotely, 01:14:37.400 |
it can be very easy to sort of just jam your schedule 01:14:46.920 |
to just take a few minutes in between these meetings, 01:14:51.320 |
to literally just schedule 55-minute meetings 01:14:55.880 |
in order to give yourself that five minutes that you need 01:15:00.200 |
in order to kind of reset your energetic state. 01:15:10.440 |
some of our most important meetings or moments, 01:15:12.600 |
we might actually be bringing the wrong energy 01:15:15.720 |
And so what I think is extremely important right now 01:15:27.960 |
I take five minutes to just like recover energetically, right? 01:15:31.080 |
And that could be doing a breathing exercise, 01:15:34.760 |
but just something to kind of reset my energy 01:15:38.760 |
isn't just like accumulation of like the negative stuff 01:15:58.280 |
there was kind of like a stoplight methodology, 01:16:00.280 |
but it was basically when you come into a meeting, 01:16:08.760 |
You could say, "Hey guys, I just wanna let you know, 01:16:16.920 |
just know that it has nothing to do with this meeting." 01:16:45.960 |
their kind of mind throughout the conversation. 01:16:49.320 |
No, I mean, Reid Hoffman told me a great story. 01:17:24.920 |
"Listen, before we move into like all the strengths, 01:17:29.800 |
I want you to tell, I want to tell you upfront 01:17:42.680 |
And so these three ideas were not bulletproof. 01:17:48.200 |
But what he said is just by sharing that upfront, 01:17:51.720 |
what that did is it bought him a lot of credibility, right? 01:17:55.960 |
'Cause he was willing to sort of put that out there himself. 01:17:59.000 |
And then to your point, Chris, like because he did that, 01:18:02.200 |
that objection stopped nagging at them, right? 01:18:08.120 |
then like the idea that they weren't making money 01:18:11.240 |
So he could have been talking about the cool product, 01:18:13.080 |
the cool features, all the cool things they want to do, 01:18:17.160 |
like they would have been nagging at them the whole time. 01:18:26.360 |
Okay, I feel like if you want more content like this, 01:18:40.120 |
But no, it's 'cause I heard you read the book, 01:19:13.640 |
but it's also taking me back to ancient wisdom, 01:19:29.640 |
I think in a busy society, we don't think about, 01:19:40.440 |
that have done incredible things for the world. 01:20:06.760 |
I've been thinking about for a very long time. 01:20:08.520 |
And I sort of just, even while I was writing Backable, 01:20:13.240 |
It's just, it's always been a fascinating topic for me. 01:20:25.640 |
And yet the demands on my energy are so much more, right? 01:20:41.160 |
And so it's no surprise that people burn out very quickly. 01:20:50.440 |
in their teens and 20s and it's happening much sooner. 01:20:53.640 |
And so I think we just need an answer to this. 01:21:00.440 |
Obviously do the real work and go really deep. 01:21:16.360 |
It's just suneilgupta.com or check me out on social. 01:21:20.120 |
I'm @suneilgupta on Instagram, @suneil on Twitter. 01:21:26.120 |
Well, there's going to be a lot of show notes for this. 01:21:37.880 |
I can't wait to start using some of Suneil's tactics 01:21:40.760 |
as I keep growing everything I'm doing with all the hacks. 01:21:45.080 |
or just want to say hi, I'm chris@allthehacks.com. 01:21:55.480 |
I want to tell you about another podcast I love 01:22:19.400 |
And it's much more about building generational wealth 01:22:22.280 |
and spending your money on the things you value 01:22:24.440 |
than it is about clipping coupons to save a dollar. 01:22:36.680 |
I know because I was a guest on the show in December, 2022. 01:22:47.880 |
like 35% of millennials are not participating 01:22:52.760 |
And that's just one of the many fascinating stats he shared. 01:22:56.440 |
The Personal Finance Podcast has something for everyone. 01:22:59.160 |
It's filled with so many tips and tactics and hacks 01:23:01.800 |
to help you get better with your money and grow your wealth. 01:23:10.760 |
or wherever you listen to podcasts and enjoy.