You Don’t Need A Mentor. Focus On THIS Instead
Summary
TLDRIn this insightful discussion, the importance of having 'Believers' in one's career is emphasized. These individuals, often encountered in early adulthood, possess an unwavering faith in one's potential, surpassing self-belief. Their support, through advice, investment, or mentorship, propels individuals to overcome doubts and hesitations, fostering self-assurance. Personal anecdotes from successful figures illustrate the profound impact of such belief, acting as a catalyst for self-growth and achievement. The narrative encourages viewers to acknowledge and appreciate those who have played this pivotal role in their lives.
Takeaways
- 🌟 Believers play a crucial role in the success of individuals, often providing more support than they realize by simply believing in them more than they believe in themselves.
- 💡 Early-career individuals can greatly benefit from mentors who have an 'irrational belief' in their potential, acting as a catalyst for self-belief and action.
- 🤝 The value of a mentor or believer goes beyond advice or financial investment; it's the emotional support and validation that can significantly impact personal growth.
- 🚀 The act of believing in someone can 'jump-start' their motivation and self-confidence, pushing them to overcome initial doubts and hesitations.
- 🔄 Over time, the initial belief from others can lead to a self-sustaining cycle where personal achievements and self-belief reinforce each other.
- 💰 Scott Belsky's investment and advice on being a 'steward of capital' had a profound impact, highlighting the importance of responsibility and care in handling resources.
- 🐕 Tim Ferriss's genuine interest and belief in the speaker's venture, despite it being in its early stages, served as a significant confidence boost.
- 🎓 Lisa Keester's enthusiasm for the speaker's business idea, despite its naivety, demonstrated how even false belief can fuel ambition and spark action.
- 📈 John Pendergrass's mentorship emphasized the importance of a 'bias for action,' a trait that can define an entrepreneur's success.
- 🏆 Michael Burch's promotion and speech to the speaker, despite the lack of evidence, served as a powerful motivator to strive for greatness.
- 📝 The speaker's unique resume, including personal attributes and a 'collage of mentions,' showcased creativity and the importance of standing out in a competitive field.
Q & A
What is the main theme of the video script discussing?
-The main theme of the video script is the importance of having Believers in one's life, particularly during the early stages of one's career, who believe in you more than you believe in yourself.
Why are Believers significant for early-stage founders or individuals starting their careers?
-Believers are significant for early-stage founders because they provide an irrational belief in the individual's potential, often leading to self-belief and the motivation to overcome initial hesitations or doubts.
What role did Scott Belsky play in the narrator's life?
-Scott Belsky played the role of a Believer for the narrator, initially investing in his company and later providing mentorship and the concept of being a 'steward' of the company and its capital.
How did Tim Ferriss impact the narrator's self-belief?
-Tim Ferriss impacted the narrator's self-belief by showing genuine interest in the narrator's work, praising the innovative approach, and spending time with him, which made the narrator feel valued and capable.
What is the significance of the term 'bias for action' as mentioned in the script?
-The term 'bias for action' signifies the tendency to take action quickly and decisively. It was used by John Pendergrass to describe the narrator's approach to implementing advice and learning from it.
How did the narrator's wife contribute to his belief in himself?
-The narrator's wife contributed by being a Believer early on in their relationship, picking him as a 'good stock' and supporting him, which is likened to picking stocks in an investment.
What was the narrator's experience with Michael Burch?
-Michael Burch was a Silicon Valley billionaire who promoted the narrator to CEO at a young age, based on his belief in the narrator's potential to do something special in his career.
What was the purpose of the 'Trends' newsletter created by the narrator's company?
-The 'Trends' newsletter was created to provide a playbook for researching different companies, ideas, and emerging trends to help readers make money and build businesses.
How did the narrator's encounter with Lisa Keester influence his entrepreneurial journey?
-Lisa Keester influenced the narrator by being a Believer in his idea to start a sushi restaurant chain, despite having no experience in the industry, which fueled his motivation.
What was unique about the narrator's resume when he was 24 years old?
-The narrator's resume was unique because it included personal attributes like height and weight, a self-assessment of skills, and a collage of media mentions, making it more like a personal branding document than a traditional resume.
What advice does the script suggest for individuals who have had Believers in their lives?
-The script suggests that individuals should reach out and thank those Believers for their support and belief, as it can be a powerful motivator and catalyst for success.
Outlines
🌟 The Power of Belief in Early Career Success
The speaker emphasizes the importance of having someone believe in you more than you believe in yourself, especially in the early stages of your career. This person could be an investor or adviser who provides support, time, and sometimes financial investment. The key takeaway is that it's not the advice or money that matters most, but the belief they have in you, which can motivate you to overcome doubts and hesitations. The speaker shares personal experiences with Scott Belsky and Tim Ferriss, who believed in him and had a profound impact on his self-belief and drive.
🚀 The Impact of Genuine Believers on Entrepreneurial Ventures
The narrative focuses on the role of believers in an entrepreneur's journey. The speaker recounts his experience with Lisa Keester, a professor who, despite not being an investor or adviser, believed in his and his friends' ambitious but naive idea to start a sushi restaurant chain. Her belief, even if based on the excitement of their idea rather than a solid understanding of their capabilities, fueled the speaker's motivation. The story illustrates how even false belief can act as a catalyst for action and how a single conversation can significantly influence one's drive and self-perception.
🛠️ Mentorship and the High Bias for Action in Entrepreneurship
This paragraph discusses the value of mentorship and the concept of having a high bias for action. The speaker shares his experience with John Pendergrass, who challenged the speaker's business plan and encouraged them to test their concept before committing to large investments. John's subsequent blog post, praising the speaker and his team for their high bias for action, provided a significant boost to their confidence and served as a driving force for their entrepreneurial endeavors.
🌈 The Inspiring Effect of Belief from Prominent Figures
The speaker reflects on the influence of belief from successful individuals, using his experience with Michael Burch, a Silicon Valley billionaire, as an example. Michael's faith in the speaker's potential, despite a lack of evidence, inspired him to work harder, even through years of failure. The speaker also humorously recounts his early attempts at creating a resume, which included personal attributes and a collage of media mentions, demonstrating his unique approach to self-promotion and the importance of believing in oneself.
Mindmap
Keywords
💡Believers
💡Founders
💡Investors
💡Advisers
💡Self-belief
💡Evidence
💡Irrational belief
💡Steward
💡High bias for action
💡Mentor
💡Gratitude
💡Fuel
Highlights
The importance of having someone believe in you more than you believe in yourself, especially in your early career.
The role of believers in fueling entrepreneurs' self-belief and overcoming initial hesitations or doubts.
The impact of Scott Belsky's belief and investment in the speaker's company, and the concept of being a 'steward' of capital and brand.
Tim Ferriss' validation and belief in the speaker's business idea, and its significance in boosting confidence.
The idea that believers can be more impactful than advisers or investors in an entrepreneur's journey.
The story of Lisa Keester, a professor at Duke, who believed in the speaker's business idea without knowing him well.
How a single conversation with a believer can have a lasting impact and fuel an entrepreneur's drive.
John Pendergrass' mentorship and the concept of having a 'high bias for action' as a key entrepreneurial trait.
The value of taking advice and acting on it, as demonstrated by the speaker's interaction with John Pendergrass.
Michael Burch's belief in the speaker's potential and the significance of his promotion to CEO at a young age.
The speaker's struggle with failure after being highly believed in, and how it motivated him to prove his worth.
The influence of false beliefs and how they can still provide a temporary boost to an entrepreneur's motivation.
The story of the speaker's unique resume, including personal attributes and a collage of media mentions.
The importance of being a 'believer' for others and the impact it can have on their career and self-belief.
The speaker's realization of the power of belief and his commitment to passing it on to others.
A humorous look at the speaker's early resume, which included personal stats and a self-assessment of skills.
The takeaway message: to acknowledge and thank those who have believed in you in your career.
Transcripts
one thing that I don't think anybody
really talks about it's kind of touchy
feely but every single successful person
I know has a story like
[Music]
this all right Sam I want to do a short
episode that is about one specific topic
Believers so a lot of Founders I know
are interested in getting investors
getting advisers I'm sure you get hit up
a lot in your email for either hey will
you invest in this will you advise in
this so I think everybody needs somebody
in their career usually in your early
20s that believes in you more than you
believe in yourself at the time they
they just have an irrational belief
you're a penny stock but they see you as
a blue chip and they want to buy up all
your stock and they do that by spending
time with you by spending effort with
you sometimes investing you sometimes
advising you but it's not the advice
it's not the money that actually now in
hindsight when you look back is what
matters the thing that really mattered
was this person believed in you more
than you believed in yourself at the
time they almost trick you into
believing in yourself or to just going
forward and overcoming that initial like
hesitation or doubts to just get going
to where finally your evidence will
start to catch up and eventually you're
fueled by your evidence and you're
fueled by you know your your own
self-belief but it's like jumping jump
starting a car that there's people in
your life who do that I've you know I've
never talked to you about this I I know
a couple people my life that did this I
want to hear did did you have this I had
this with a couple people first of all
my wife I felt like she was like doing
the same thing when I met her uh she was
like picking stocks she picked a good
one I I hope yeah I had two the first
one was Scott belly so Scott bsky
currently is the chief product officer
of adobe soon to be CEO I think and he's
probably a billionaire because he's has
started and sold a bunch of companies
and I cold emailed him when I first
started my company the hustle asking him
to invest and he said no and then about
six or eight weeks later he was on our
daily email and I got an email from him
in particular when I was having a
horrible day and he goes these emails
are just so good I have to join and he
gave me like $15,000 or something like
that and I only met with Scott in person
one time because Scott has always been
he was a big deal back then he's an even
bit bigger deal bigger deal now and he
had one meeting with me where he taught
me I had never heard the word Steward
you know Steward like you are a steward
of this Capital you are a steward of the
brand and he gave me this PumpUp talk
and he's like you are so like I could
tell you are going to be a steward of of
the hustle and a steward of my money and
anyone else's money your customers you
have this and and I remember thinking it
changed my life the fact that Scott
bsky believed in me and he used
this word steart I was so into it the
second person was Tim Ferris so I have
told the story before but basically I
met Tim Ferris because he lived near me
in San Francisco and we would walk our
dogs at the same time and just talk
about neighborhood stuff well well a few
weeks after we first started talking I
get an email from Tim saying hey I know
what the hustle is it looks really cool
could we meet and get dinner and I can
ask you a little bit about email because
I want to start a newsletter and I was
like yeah sure let's do it man and so we
go out to dinner in our neighborhood and
I get down to sit at dinner and he goes
oh you are the dog owners guy you are
the same guy and I was like yeah man
what's going on because I never told him
what I did for work when we would walk
our dogs together because I wanted him
to think I didn't want to bother him
because he was like a celebrity to me
and I didn't want to ruin that
relationship and it was awesome the fact
that this guy wanted to meet with me and
I he was like what you guys are doing is
so smart so Innovative and I was like
it's not that interesting he's like no
it is and he like bought into me and he
believed in me and that was such a big
deal to me that he gave me the time of
day just even just a dinner it was like
gamechanging where I was like I'm the
man I'm the man I'm the best like there
is no one better than me and I had that
like energy because of those two
meetings and was it just like a
temporary high that that Fades you know
30 minutes later or do you feel like
that planted some kind of seed in you it
planted a seed because then I would look
at Scott and Tim's other endeavors you
know they did some amazing stuff and it
felt good you know how when you go to a
website and you see someone who puts
your logo on their website to brag that
they use you you go to like hubspot.com
and like Nike it says like Nike uses and
I felt so much gratitude that I was one
of the logos on their websites and I
remember like thinking that I'm like
look like this person picks a bunch of
winners and I happen to be part of this
basket I I feel honored and so I would
use that for a long time of like go to
his crunch face profile he list the
hustle as an investment I remember
thinking like I was so special and I
used that for fuel for a long time dude
that's a that's a great story have you
done that for anyone else do you think
yeah look you and I have done it
together on this podcast when we call
people out and I think like for example
Michael from our future this kid who was
probably 20 years old when he cold
emailed you and I to make videos for us
and we loved his energy but I think that
like you and I both bought into him a
little bit where like your energy is so
good or same with Dylan and Henry yeah I
think you and I have done it together
who bought in who bought yours so I'll
give you three quick quick examples the
first one is a woman named Lisa kter
Lisa keester is a professor at duger she
was at the time I have no idea what
she's doing now it's a good reminder to
look her up and drop her a note I took a
class my last year at Duke I was a
pre-bed student I had taken the mcats I
was ready to go to bed school and my my
last semester I said I should take a
class with my two best friends like
we've never it's crazy we're friends
through college we live together we've
never taken a class together and we
decided let's take the easiest class we
can I was so burned out from studying
for the mcats I just wanted something
that was the easiest class we looked it
up on rate by professor.com and it was
like the easiest class is a class called
getting
rich sounds good good good title and she
was just click baiting us like it was a
personal finance and Entrepreneurship
class but getting rich sounds a lot
better and she was a woman who she had a
crazy story she graduated from duke with
a degree in Mandarin cuz that's what she
was interested in she just followed what
she was interested in and she told us
she's like I remember at the time
feeling completely clueless what the
hell I'm supposed to do with my life
because all my friends were going to law
school banking whatever I didn't want to
do those but it just felt like school
was just giant like pipe that just
dumped you out in New York or LA or San
Francisco in one of these tracks and I
wasn't on one of the tracks and I felt
bad about myself and I realized you know
people were like what the hell are you
gonna do with this Mandarin degree good
luck with that and she's like I bet I
can figure something out in China so she
just moves to China one-way ticket ends
up building a great business they
connecting Chinese companies with
American companies because she spoke
both languages anyway she got super rich
in the process retires by 30 comes back
Duke to teach and so the reason she bet
on me or believed in me early was she
was not an investor she really wasn't
even an adviser she was a Believer we
had this terrible idea to start a sushi
restaurant chain we were like why isn't
there a Chipotle for sushi and we were
like we'll do it even though we had no
restaurant experience no sushi
experience no nothing and everybody I
talked to every adult every grownup that
I looked up to was basically like
restaurants equal fail doing a startup
versus going to med school I don't know
man like are you sure like you just got
accepted in like you should just go and
she was the only one who was like this
sounds awesome you could totally do this
and at the time I took that as she
believes in our idea we have a good
idea and I wish I could say that she
believed in us but she didn't even
really know us that well she was
actually just such a big believer that
if you just do the most interestes thing
the most exciting thing and ambitious
thing for you in your life at the moment
works out she was just a believer
in the path more than even us but at the
time I interpreted it as she thinks
we're going to win she thinks this is a
good idea and that this is going to work
and so even false belief will work it
it'll fuel your engine for a while not
only false belief but just her one
conversation with you which she does not
remember and at the time she was like
what I'm saying is not important this is
no big deal and conversations like that
make such a big impact every once in a
while you know I mean it's like when
your kid draws something and they show
it to you and it looks horrible but
you're like this is awesome oh my god
did you how did you think of this or
like whatever like are those two colors
that that because of this and you make
them feel like they're a artist
she did that for me except I was 18
years old I was 22 years old or
something 21 years old and she looked at
my shitty business plan and she was like
that's awesome you could totally do this
and I it fueled me and So Lisa keer was
the first one and she it was genuine by
the way there was no like BS in it I
think she genuinely had that level of
enthusiasm and excitement about it and
it was contagious it cannot be faked
when somebody's genuinely excited for
you all right guys really quick so back
when I was running the hustle we had
this premium newsletter called Trends
the way it worked was we hired a ton of
analysts and we created this sort of
playbook for researching different
companies and ideas and emerging Trends
to help you make money and build
businesses well HubSpot did something
kind of cool so they took this Playbook
that we developed and we gave to our
analysts and they turned it into an
actionable guide and a resource that
anyone can download and it breaks down
all the different methods that we use
for spotting upcoming trends for
spotting different companies that are
going to explode and grow really quickly
it's pretty awesome that they took this
internal document that we had for
teaching our analysts how to do this
into a tool and are giving it away for
free that anyone can download so if you
want to stay ahead of the game and you
want to find cool business ideas or
different niches that most people have
no idea they exist this is the ultimate
guide so if you want to check it out you
can see the link Down Below in the
description now back to the show the
second person was this guy named John
Pendergrass so we got into some
accelerator you're supposed to get
assigned with a mentor which is the most
fake way you can get a mentor it gets
assigned to you and this guy put in a
request he goes I want these guys and it
was because he himself although now he
was doing some fintech company his first
business was he was a franchise of
Boston Market and he was like oh these
guys are doing a restaurant thing I can
help them out and he helped us out in
two ways the first was he gave us real
talk so he took us into we came to his
office and he was like so what's the
plan and we told him the whole business
plan we gave him the pitch we' practice
a million times then he goes is this
gonna work or or not and just him
asking us that way like Jarred me and I
was like I have no idea which is like
not what you're supposed to say when
you're pitching or investors or
employees or anybody really supposed to
just say of course this going to work
here's the research here's the studies
here's why here's the plan I was like
dude I have no idea and he goes so you
probably shouldn't sign a lease the 10
you know a personal guarantee at a 10e
lease right if you don't know if this
concept's going to work he's he goes how
can you figure out if the concept's
going to work he just asked a better
question like instead of where should we
launch like what location should we go
for he's like how do you figure out if
this is even worth doing if people want
this and he got us think and he got us
to eventually do like a cloud kitchen
and so he helped us that way but the
thing he did afterwards was much more
valuable after we so he he talked to us
for about an
hour and the bad news was we were dumb
the good news is we knew we were dumb
whereas there's a lot of 21y olds who
are dumb but they think they're smart we
had the one asset which was we thought
we were pretty dumb and so when somebody
told us a good idea or somebody seemed
smarter than us we actually took them up
on it and so he told us to do these
three things or think about these three
things so we just immediately went and
did those three things and then four
days later we were like hey John we did
those four things here's what we learned
here's what we're going to do next and
so he was like these guys are great
which is now that I'm in the position
where sometimes I give people advice
that never happens like it seemed like
the obvious thing to do but actually
that rarely ever happens rarely do
people ask a question genuinely want the
answer then take take good advice and
and act on it and come back and say
here's what happened they Clos the loop
and say here's what happened here's what
we're going to do next and so he wrote
this blog post and what he said in the
blog post I don't believe was true at
all at the time but dude that was like a
gust of wind in our sales he goes I met
these Founders and I've met a lot of
Founders probably 100 Founders and I've
given a lot of advice these guys they
took what I said they acted on it
immediately violently and he goes one of
the most important things for an
entrepreneur is a high bias for action
and these guys a named us and he goes
they have the highest bias for action of
anyone I've met in the last 10 years and
I was like I didn't even know that
phrase It's kind of you like you're
talking about Steward like I had even
heard bias for Action that was not a
phrase I'd ever heard but I was like
put that label on my back that's
me now I you know I was a blank canvas
before that I was an empty vessel and
him giving me that label became kind of
like calling cards like yo I don't I
don't know what the right act what the
right answer is but I know that how I do
things is I have a high bias for Action
so I'm just going to take a ton of
action and I'll figure things out that
way and so he gave us a real gift in
that moment which was again not really
true but it didn't matter it was true in
my mind and therefore he gave me
something to strive towards which
reminds me of your your bsky story so
check this out so John is a an
entrepreneur I guess he um I think he
has a podcast too I found I don't know
if you want people to see this I found
an old Sean website that is basically
your resume and on your website and on
this website it has references and
you've got one from John I would bet on
these guys in almost anything they have
the highest bias to action of any
entrepreneurs I've met in the past few
years and then it links off to this blog
post uh that he wrote about you which is
insane in the blog post he has a
conversation that you guys had together
and uh it's pretty
funny exactly so he is uh so that was
the second one and then the third one is
Michael Burch Michael Burch he was the
guy who was what I wanted to be he was a
Silicon Valley billionaire built
multiple successful companies was living
the life had a cool office in San
Francisco and I came I moved to San
Francisco to work with him and so I I
worked with him and eventually he ended
up promoting me he was the CEO at the
time I was the junior guy in the company
I was 24 years old probably youngest guy
in the company
and he actually promoted me to CEO which
was insane this is you know like a 18
person company at the time and it wasn't
that he promoted me is it was the speech
he gave he he took me off site and I
thought I was getting fired because
that's what I had seen in movies is they
take you like out to coffee because they
want to like shoot you in the head out
there and not cause a scene in the
office so I I texted my mom I was like
oh no he wants to meet offsite like I'll
be home for lunch you know it's over had
a good run it was fun but whatever I was
doing there making it up as I went I did
something wrong he sat me down it was
him his wife and he goes you know when
you meet somebody sometimes you just
know and I think he's talking about his
wife and he goes I met a lot of people
at Silicon Valley I know now I win
somebody special and they're going to do
something special in their career he
goes you're either going to do it here
or elsewhere so I want to give you the
keys to have you do it here and I was
blown away you know it was like a
astrology reading like it it didn't mean
anything there was no evidence there was
no logic there was no explanation no
rationale but him just saying you're
going to do something special uh you
know that fueled me I I I then
failed for like six years straight right
after that um which felt horrible
because this guy believed in me and I
just felt like I couldn't deliver this
like you know billion dollar company
that I was supposed to
but that fueled me for a very long time
dude this more than anything inspires me
to give these speeches to other
people yeah I'm just gonna go
willy-nilly baby everybody's getting a
fortune cookie from me from now on can I
just tell you one of the funnier things
that I've seen this week so on Sean's
this looks like Shawn is like a year out
of college on or he's 24 years old on
your website which I assume is your
resume basically you have your height
and weight listed so it says Shan Pur 24
years old 6 foot 167 pounds of pure
hustle yeah dude I I didn't know how
Twisted Twisted steel and sex appeal
like you're just like you've listed your
height and weight on your resume and you
said I live on a stage run on fumes and
I'm willing to take big risks oh my God
that is so funny when you're the
greatest founder in the world they don't
call you the greatest founder they call
you Sean
pory yeah I didn't know how to make a
resume I didn't know what you were
supposed to do so I just like thought
from first friend like what would I do
and I it was it's like half NBA draft
Scouting Report like my height my
weight I did you can see it on there I
did a thing that was like you'll
probably see this I did skills ball like
an NBA 2K where it's like this person is
like good at three-point shooting bad at
dunking and I I remember I did this and
the guy in the interview was like so I
looked at your um resume if we're gonna
call it that and he goes uh hard work is
only like halfway full like what why
would you why would you say that you
don't work
hard was like well true that's
why dude a lot of your stuff is accurate
by the way he does 24 that so over 10
years ago uh negotiations was high
design medium programming nothing public
speaking almost 100 out of 100 you had
attributes son you you you knew exactly
I me you were on point writing High uh
this is such a funny website this is so
funny yeah organization under 50 like
like on the scale of zero to 100 my
organizations are 40 that's true you
know
that where's my hard work my work ethic
okay gave myself like a 70 whereas like
you know improvisation I gave myself a
90 this is accurate at least I I
told no lies this is so funny and then
you have like a collage of all the stuff
and it says hot off the press and it has
it's a collage of all the times that
you've been mentioned in media this is
awesome it's actually cool to see I bet
you a lot of people who listen to this
should go when when I did that my final
interview with the with the billionaire
he scrolled down to the bottom I had
this little like motivational poster
looking thing I mean it's all cringe now
dude like let's let's it's not cringe
it's not this is all very cringe but I'm
like it's like proud cringe like when
you look back and you're like oh I was a
geeky in high school but like you know
this kid going places that's yeah but I
felt like I was going places and I had
one thing on here that they got
referenced as she was like you know why
I like your resume the very last line on
your thing said don't believe your own
I like that and that like
resonated with the you know the
billionaire and um I was like oh man I
was just throwing out the wall this
whole thing was like 100 possible things
that might resonate you're like uh I
actually did believe my own and
it worked like I just wrote all this
and it got me here um that's
awesome I like looking to this website
by the way uh yeah Believers versus
advisers I'm on board be a believer for
somebody and if somebody believes in you
it's a good reminder today to hit them
up and thank them for it that's a that's
that's the takeaway here that's it
[Music]
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