Arlan interviewed Mark on April 4, 2020. Approx 600 people watched live.

If you only have 5 mins for this lesson, watch from 17mins - 22mins for a HUGE key!

Highlights

• Arlan asks Mark how he’s experiencing the crisis as a billionaire: “Nobody escapes this. It’s not like I’m in this little bubble and I don’t care. It’s stressing me out. I haven’t been able to sleep.”
• Mark tells us why now is a good time to start a business (hint: it’s not for the money)
• Arlan asks Mark what advice he offers to people who were just laid off
• What Arlan and Mark think are the best types of equity
• We talk about the network effect of raising people up
• Why Mark recommends entrepreneurs look to their own community needs first: “You don’t have to be the leader to be a leader.”
• We discuss why it’s important to continuously learn (especially now)
• Mark talks about working from home while being a parent of three kids
• Mark answers your questions about what graduating college students should do, what the hiring process currently looks like, and whether entrepreneurs should re-enter the work force

Activities to Apply Your New Knowledge 

Ask yourself:

• How can I help others?
• What problems can I solve for others? 
• What help do I need? 
• Where can I get that help?
• Can I bootstrap?
• Why not you? 

Do:

• Communicate, be honest and transparent about where you are and ask for help
• For a good reputation, do the right thing
• Your First MillionBuild relationships with investors now. You can do this via email. Calls are not needed.
• Bootstrap as much as you can
• Make decisions, even if you know don’t know everything, and learn as you go
• Learn continuously
• Negotiate everything
• Hire slow and fire fast

Additional resources

Books: 

• It’s About Damn Time 

Podcasts: 

• Your First Million 
• Bootstrapped VC 

Other:

• Shark Tank