WEBVTT

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Welcome to Milestone Moments, the show where

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we explore the journeys that lead to success.

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I'm Sheila Slick, your host and founder of Five

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Milestones. In every episode, we will bring you

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insights from the minds of entrepreneurs, leaders

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and experts who will share not just their expertise,

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but the milestone moments that have reshaped

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their journeys and led to significant achievements.

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So if you're looking for motivation, you're in

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the right place. Subscribe now and discover the

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milestones that mark the path to success. Welcome

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to another episode of Milestone Moments in Business

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and Leadership. I'm Sheila Slick, your host.

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And joining us today is Mike Tedasco, a seasoned

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expert in innovation and leadership. Mike is

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currently a visiting fellow at the James Silberrod

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Brown Center for Artificial Intelligence at San

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Diego State University. Previously, he served

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as the Senior Director of Innovation at PayPal,

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where he led transformative initiatives in technology

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and business strategy. With a wealth of experience

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in fostering innovation and empowering future

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leaders, Mike brings valuable insights on leadership,

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workforce development, and the role of technology

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in shaping the future. Welcome to the show, Mike.

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Sheila, thank you for the kind intro. Let's try

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and empower your audience today. Let's do that.

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I'm excited about this chat. Me too. I don't

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even know like where to start. So let's start

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with PayPal, right? Because we're in an era where

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innovation and AI is such a big part of our lives

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and a lot of people don't know how to navigate

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it or they have fear. So tell us a little bit

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about what you do and what you did. Yeah. Yeah.

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Well, let me let me start with PayPal and then

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we'll get more on what I do today after that.

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So I joined PayPal after a failed startup. I

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was out of my MBA program while everybody else

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was getting a job as a consultant or whatever.

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I'm like. i'm gonna start a comic book company

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because why not um that was literally my plan

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after that and after doing that for two years

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i'm like this is not getting me to where i want

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to be like there was you know many successes

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but like you know it's always you know a step

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forward and two steps back with it and after

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a couple years of doing i'm like okay I need

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to find something else. I was a customer of PayPal.

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That's what I was using to process my payments

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on the e -commerce site that I built. And it

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was very logical. I had a lot of classmates that

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worked there. So when PayPal had this job on

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the mobile team, this was back in 2011, I was

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like, cool, mobile is exciting. There's a real

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future in that and so forth. So I jumped on it.

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And for whatever reason, they hired me. And my

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plan was to be at the company for a year. I wound

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up being there for 11 years. And the first half

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was in various roles within the product world.

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And I could talk more about what that means.

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And the back half was running innovation. And

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which was super fun. As I like to tell people,

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like every Sunday night, I was basically just

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excited to go to work the next day because it's

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like the job was awesome. It was so exciting,

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so much fun. And I just I loved it. And I just

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had a wonderful 11 years there. Well, 11 years

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is a long time. So let's go back to that failure

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that you spoke about. And I want to bring that

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up because even today, right, with AI, you have

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so many people either looking to start a side

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gig or wanting to go into entrepreneurship. And

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I see software as a service just growing and

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growing and growing and growing. And I see a

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lot of founders wondering. How do I take this

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to that next level? And we all know that startups

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have a very high failure rate and failure isn't

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always bad. So tell us a little bit about that

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and how you overcame it and how you see failure

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in general. Failure isn't bad as long as you

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learn from it. And that's the big thing. And

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I think within organizations, I think that's

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often tough because failure impacts your bonus.

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Failure impacts the perception that others have

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with you within the company. And I'll get to

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my start, but one thing that we were actually

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doing at PayPal, in fact, this was right before

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COVID, we were building something that was inspired

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by Ben & Jerry's. Ben & Jerry's at their headquarters

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out in Vermont, they actually have what's known

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as a failure graveyard or an ice cream graveyard.

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So in front of their headquarters, they have

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like little tombstones set up for all of the

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flavors of ice cream that they no longer make.

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Why do they do that? Well, it serves as a couple

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of things. One, it's almost ceremonious to be

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able to put that out there. Like, you know, it's

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like, hey, it's OK. We tried something and, you

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know, it's putting it out there. And it's also

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like a little bit of a reminder that it's OK

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to do these things. Like we want to be a company

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where that's allowed, because if you're not failing,

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you're just not trying hard enough. Like, look,

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if you're applying to colleges and you get into

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every school that you apply to. uh you probably

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should have actually tried to apply to some other

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colleges maybe maybe the next year above that

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or something like you know i mean for the most

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part or like you're so great that you should

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just apply to the one and gotten in i mean you

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did something wrong in the process there like

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failure is part of just everything that we do

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and it's just again as long as you're learning

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from that it's just a signal for everything else

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so paypal we were literally making Like we one

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day went to the store, we bought like these like

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model train size people and all that. And we're

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building a scaled down version about the size

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of a large conference room table of the PayPal

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campus where we're going to have QR codes of

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all the different failed products of the past

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with the founders. Sorry, the creators of those

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products telling the story about them. And so

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that was going to be our little failure graveyard

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that we had there. And it was very resonant with

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me. I was on a product at PayPal called PayPal

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Beacon. And it was an amazing technology. It

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got me into the world of patents, got me into

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all this stuff. It was way, way, way ahead of

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its time. If anybody goes on YouTube, type in

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PayPal beacon and you could see something from

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12 years ago where we were building this and

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was basically a hands -free way to pay for stuff

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in stores. You know, you literally didn't have

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to take your phone out of your purse or your

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pocket. You would walk in, it would identify

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you. If you're going to a Starbucks, it could

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even just see that you're pulling into the parking

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lot and maybe you get the same thing every time.

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And it would anticipate that through machine

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learning techniques and, you know, and have your

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coffee ready for you before you even walk into

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the store. A lot of interesting things like that.

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It wasn't the right time. Like we demoed this

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at Stanford University, right up the street from

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PayPal office. A lot of tech friendly people

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there on University Avenue. We had relationships

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with a few of the merchants on the streets. And

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when I would talk to students about it, they're

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like, why would I ever use my phone to buy something

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in a store? That was literally the answer that

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we were getting again and again in 2013. It failed.

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It failed miserably. The world wasn't ready for

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that. It was cool technology, but we weren't

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solving a problem that people had at that time.

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But, you know, if you remind people of that,

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you know, if I was at PayPal today, I'd be like,

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hey, remember that thing we did 10 years ago?

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Why are we not doing that today? The world's

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a different place. Like, can't we learn from

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that and do that? Like, that's why you just don't

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sweep these under the rug, act like these things

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don't happen, because, you know, a lot of failure

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is just timing. I mean, Apple was not the first

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company that came up with a touchscreen for a

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phone device and so forth. Like, you know, there

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was General Magic did this in the 1990s. The

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90s were not a time. The cell phone networks

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were not ready for this. Like there was, you

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know, I mean, it was just timing. But if you

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kind of repackage that in a different time, a

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failure turns into a huge success. Yeah, even

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in social media, when I see TikTok, I'm thinking,

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well, this was Vine like a decade ago. Vine,

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like it existed and then it ceased to exist.

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So I'm like, is it the algorithm? What makes

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a very similar product succeed versus, you know,

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the other one? And Vine, I think was from Twitter.

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And so it wasn't like a little tiny. Their price,

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Twitter was pretty big at the time when they

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introduced Vine. Yeah, and you never know. I

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mean, and that's why you have to experiment because

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there isn't just one solution of, hey, this is

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how I'm going to build a product that's going

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to succeed. Hey, this is the type of video or

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post that the algorithm is going to love that's

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going to get me, you know, 100 ,000 likes or

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whatever it is, whatever it is you're going like.

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There's always experimentation. Frankly, that's

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what makes all this stuff fun. But if you're

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not experimenting, if you're just doing the same

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thing and so forth, you're going to miss a lot

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because the world that we're in now is changing

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fast. I was teaching an AI class earlier this

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week. Two sessions, a Monday session and a Wednesday

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session. On Monday, I presented one deck. Wednesday

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afternoon before I was teaching, I actually had

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to go back and change about 10 % of all the content

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that I had in there because in the last 48 hours,

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the world changed enough. I'm like, oh God, that

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stuff I was talking about on Monday is now out

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of date. And I'm not joking. And I told the class

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this, I'm like, you are actually getting different

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material than on Monday. Like that's the world

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that we're in. And frankly, if you're always

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just assuming, hey, what we're doing is fine.

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We're not experimenting. We're not doing all

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this other stuff. You are. going to miss out

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on these vast quick quick changes that we're

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going to start to see in our society so let's

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talk a little bit about those changes i'd love

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to pick your brain because i think it's more

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important than ever to adapt it's disrupting

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at an unprecedented pace, the technology. I personally

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had heard machine learning. I don't know that

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I quite understand machine learning. It's kind

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of like the machine continues to learn on its

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own, right? Like it's going from A to B and it'll

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just keep testing how to get from A to B faster.

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That's how I understand machine learning. So

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if you can explain some of this AI so the general

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population that's not a techie, we can understand.

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And I'm not a techie either. That's a great thing

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about that. Again, I started in finance and accounting

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way back in the day. So that's why I love to

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explain things to, as I say, normal folks like

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myself who might not be engineers. So I think

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there's traditional computing, and then there's

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kind of artificial intelligence, machine learning,

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all of these things. Those are the two buckets.

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Traditional computing, you tell a very specific

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code, and you say, you know, print hello world,

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and the words hello world will show up on your

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screen. And it goes down to binary and all this

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stuff, but that's how traditional computing works.

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It is going to do that 100 % of the time when

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it is running that code. It is going to give

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you the exact result that you were looking for.

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The world that we're in with AI and machine learning

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today, and specifically with large language models,

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this would be ChapGPT and Claude and all those,

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they work differently than that. How they work

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is they're trained on a whole bunch of data.

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Like imagine just all the data that's on the

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internet. Every single word that's ever been

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written on the internet is trained in these models.

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What they're doing is they're finding patterns

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in there. And they do this through something

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called tokens. So it's kind of like a representative

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for a word, largely speaking. And they just look

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at patterns in this. So if I said to anybody,

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Mary had a little blank, most people are going

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to say, well, the next word should be lamb as

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part of that, because we know that. That's well

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known. Mary had a little lamb and so forth. The

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AI model will know this too. You could type in

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Mary had a little, what do you think is the next

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word? And any AI model is going to return lamb,

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but it's not always going to return lamb. It's

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going to return it 99 % of the time or something

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like that, because this is all mathematical calculations.

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So, because sometimes people have, and this is

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all based on what people have written in the

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past. They may have written Mary had a little

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Volkswagen Beetle or something or whatever it

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might be. And it's just looking at these connections.

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It's the next word prediction. Now, it's doing

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that to the nth degree. I mean, 15 years ago,

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it was revolutionary when it would predict your

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next word in an email and that you could actually

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do that on an iPhone. I think SwiftKey was one

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of the first companies that did that. And you'd

00:12:59.059 --> 00:13:01.000
be typing and it would say, OK, here's the next

00:13:01.000 --> 00:13:03.690
word. This is what it's doing is saying not just

00:13:03.690 --> 00:13:05.990
the next word, here are the next thousand words,

00:13:06.190 --> 00:13:08.250
here are the next whatever. It's making, it has

00:13:08.250 --> 00:13:11.710
become so much more advanced. But these are just

00:13:11.710 --> 00:13:14.710
all mathematical probabilities. It's a mathematical

00:13:14.710 --> 00:13:17.990
probability based on data that it's seen of what

00:13:17.990 --> 00:13:20.309
the next word is going to be. And that at a very

00:13:20.309 --> 00:13:23.629
basic level is how the large language models,

00:13:23.990 --> 00:13:26.909
ChatGPT, all of those that everyone uses today,

00:13:27.029 --> 00:13:30.210
that's how those things work. So how can we better

00:13:30.210 --> 00:13:33.370
prepare ourselves today for the next, I don't

00:13:33.370 --> 00:13:35.289
even know, 10 years, right? Can we just talk

00:13:35.289 --> 00:13:37.990
maybe five years? What should we be doing as

00:13:37.990 --> 00:13:41.929
small business owners or as professionals to

00:13:41.929 --> 00:13:45.110
make sure that we're still relevant? Let's talk

00:13:45.110 --> 00:13:47.590
five months even, just to be completely honest.

00:13:48.090 --> 00:13:50.750
Let's start there. So here's what I would say.

00:13:51.019 --> 00:13:52.700
And again, I always like to put out this disclaimer.

00:13:52.919 --> 00:13:56.220
I don't own shares in OpenAI or Anthropic. I

00:13:56.220 --> 00:13:58.820
intentionally don't. So I have no stake in this.

00:13:58.879 --> 00:14:00.840
It sounds like I'm a salesperson for these companies.

00:14:01.039 --> 00:14:02.580
There's a lot of good they do. There's a lot

00:14:02.580 --> 00:14:04.379
of downsides in this. We could get to that later

00:14:04.379 --> 00:14:07.600
if you want. But I just do want to preface with

00:14:07.600 --> 00:14:10.559
this. That said, you need to be using these tools,

00:14:10.779 --> 00:14:14.840
full stop. If you are not already using ChatGPT

00:14:14.840 --> 00:14:18.019
or Claude or whatever it is in any of these aspects

00:14:18.019 --> 00:14:21.110
of your business, you're falling behind. And

00:14:21.110 --> 00:14:23.649
that's the honest truth. These models are going

00:14:23.649 --> 00:14:25.909
to get better, but like you need to play with

00:14:25.909 --> 00:14:27.750
them. You need to kind of understand how they

00:14:27.750 --> 00:14:30.269
work and how they operate to see how they're

00:14:30.269 --> 00:14:32.370
going to be able to help you out. One of the

00:14:32.370 --> 00:14:34.990
hard things about this type of software versus

00:14:34.990 --> 00:14:37.669
all the other software you've had before is that

00:14:37.669 --> 00:14:39.350
the possibilities that you can do with these

00:14:39.350 --> 00:14:41.850
models are infinite. And when most people have

00:14:41.850 --> 00:14:44.210
infinite possibilities, they just freeze up.

00:14:44.289 --> 00:14:47.490
They decide to do nothing. You know, Excel didn't

00:14:47.490 --> 00:14:49.750
have that. Well, you type something in this one

00:14:49.750 --> 00:14:51.509
and this one, and there's a formula here. You

00:14:51.509 --> 00:14:53.470
can kind of see how things are connected to that.

00:14:54.029 --> 00:14:57.470
There are just unlimited possibilities with what

00:14:57.470 --> 00:15:00.009
you can do with these models. So what I always

00:15:00.009 --> 00:15:03.409
tell people, start with your personal life. If

00:15:03.409 --> 00:15:05.940
you're not familiar, just like literally. Make

00:15:05.940 --> 00:15:07.980
it your default search engine. Take a company

00:15:07.980 --> 00:15:11.500
like Perplexity, make that your default search

00:15:11.500 --> 00:15:15.480
engine. It's an AI model. It's great. And you

00:15:15.480 --> 00:15:18.159
will find, oh, you can ask much more elaborate

00:15:18.159 --> 00:15:20.240
questions. You will be able to do this. You'll

00:15:20.240 --> 00:15:22.039
be able to do all these other things instead

00:15:22.039 --> 00:15:24.080
of searching in Google as you traditionally did

00:15:24.080 --> 00:15:27.200
in a way that's much more advanced. Sign up for

00:15:27.200 --> 00:15:30.580
the $20 a month ChatGPT version and you can get

00:15:30.580 --> 00:15:32.639
something called Advanced Voice Mode. It's amazing.

00:15:32.840 --> 00:15:37.000
I use it all the time. I use it for driving in

00:15:37.000 --> 00:15:40.120
the car to school. I will have it question my

00:15:40.120 --> 00:15:43.059
kids have a test or something. And I'll say,

00:15:43.139 --> 00:15:45.879
hey, my daughter has a test, fifth grade level,

00:15:46.059 --> 00:15:49.299
U .S. history, Revolutionary War, ask increasingly

00:15:49.299 --> 00:15:52.279
difficult questions, make a multiple choice,

00:15:52.679 --> 00:15:56.159
have her answer them, go. And we'll do that and

00:15:56.159 --> 00:15:57.379
we'll have it going through the speakers in the

00:15:57.379 --> 00:15:59.460
car and it'll just start asking these questions

00:15:59.460 --> 00:16:01.940
for that. Whatever you want to do. I will go

00:16:01.940 --> 00:16:05.029
on long walks with it. Ask it questions. Brainstorm

00:16:05.029 --> 00:16:06.769
things. Think about what's on my to -do list

00:16:06.769 --> 00:16:08.909
or there's a problem I'm trying to work through.

00:16:09.570 --> 00:16:11.950
And the great thing is it transcribes everything.

00:16:12.389 --> 00:16:14.450
So I can even say at the end, hey, can you summarize

00:16:14.450 --> 00:16:15.990
everything we talked about? Can you give me just

00:16:15.990 --> 00:16:18.330
the key takeaways of everything that we discussed

00:16:18.330 --> 00:16:21.730
as part of this? And it will bring all of that

00:16:21.730 --> 00:16:25.049
together in one place. Again, it's, you know,

00:16:25.049 --> 00:16:28.090
or you're a small business owner. You get a bunch

00:16:28.090 --> 00:16:30.850
of contracts coming in. One of my favorite things

00:16:30.850 --> 00:16:32.990
to do whenever I get a contract, I'll throw that

00:16:32.990 --> 00:16:35.490
into something like Claude and I'll say, hey,

00:16:35.669 --> 00:16:38.830
I just got this contract. Is there anything unusual

00:16:38.830 --> 00:16:41.809
in this? Is there anything that is not custom

00:16:41.809 --> 00:16:45.850
in this contract or out of the ordinary? And

00:16:45.850 --> 00:16:48.029
it knows that kind of stuff pretty well and might

00:16:48.029 --> 00:16:49.570
say, well, this is a little bit weird, but like,

00:16:49.629 --> 00:16:50.950
yeah, for the most part, this is a pretty standard

00:16:50.950 --> 00:16:53.669
contract. I'm like, great. Now, if this was like

00:16:53.669 --> 00:16:56.509
a $10 million contract I'm going to sign, I am

00:16:56.509 --> 00:16:59.639
probably going to hire a lawyer, but. For most

00:16:59.639 --> 00:17:03.059
things, like to get an answer in 30 seconds on

00:17:03.059 --> 00:17:05.759
that, like that's pretty incredible. Like, OK,

00:17:05.880 --> 00:17:07.900
I'm not going to read through that. I'm going

00:17:07.900 --> 00:17:10.460
to do this. If it doesn't, you know, if I'm concerned,

00:17:10.819 --> 00:17:12.819
I might throw it through a couple different models.

00:17:12.900 --> 00:17:17.359
I might ask ChatGPT and Claude and Grok and whatever

00:17:17.359 --> 00:17:19.960
the exact same question and just kind of triangulate

00:17:19.960 --> 00:17:22.319
and see, does anybody notice anything wrong here?

00:17:22.970 --> 00:17:24.890
But like, those are all things you can start

00:17:24.890 --> 00:17:26.589
to do. And again, the problem is it's infinite

00:17:26.589 --> 00:17:28.450
things you can do. And that's why you just have

00:17:28.450 --> 00:17:31.650
to start working for that with them and find

00:17:31.650 --> 00:17:34.309
out what is the best thing for you and dealing

00:17:34.309 --> 00:17:36.190
with these models and how it's going to help

00:17:36.190 --> 00:17:38.509
you most. Because these are just tools for us

00:17:38.509 --> 00:17:42.609
to use. So that's the now. And where do you see

00:17:42.609 --> 00:17:46.269
this in five years? The only job that I know

00:17:46.269 --> 00:17:48.910
that's going to exist in five years is a solopreneur.

00:17:49.390 --> 00:17:52.009
That when I talk to students two years ago, when

00:17:52.009 --> 00:17:53.829
I was at, you know, talking to students that

00:17:53.829 --> 00:17:56.190
were graduating, I would say to them, hey, just

00:17:56.190 --> 00:18:00.549
learn these AI tools. It's 2023. Learn these

00:18:00.549 --> 00:18:03.250
tools and you're going to go in there and your

00:18:03.250 --> 00:18:05.369
coworkers are going to look at you like a god

00:18:05.369 --> 00:18:07.869
because you're able to do all these magical things

00:18:07.869 --> 00:18:10.549
in a fraction of the time that they can. Like

00:18:10.549 --> 00:18:13.630
right now in coding, for example, if you're not

00:18:13.630 --> 00:18:17.650
using AI to code, like I. I don't know what to

00:18:17.650 --> 00:18:20.170
even say because it's just going to be that much

00:18:20.170 --> 00:18:24.130
more difficult. It's not perfect. But the new

00:18:24.130 --> 00:18:26.349
Gemini that Google has put out, we were doing

00:18:26.349 --> 00:18:29.049
this just last night in our class. We had people

00:18:29.049 --> 00:18:31.349
coding up games that they were playing within

00:18:31.349 --> 00:18:34.049
three minutes. And they were just putting in

00:18:34.049 --> 00:18:36.170
prompts. This is vibe coding. They're just talking

00:18:36.170 --> 00:18:38.049
in English. They're doing this. They're seeing

00:18:38.049 --> 00:18:39.809
that. And they're seeing the magic behind this.

00:18:40.089 --> 00:18:42.650
Now, it's not as complex as a game that you're

00:18:42.650 --> 00:18:45.549
going to pay $30, $40, $50 for or something like

00:18:45.549 --> 00:18:47.900
that. but it's something and it's customized.

00:18:48.319 --> 00:18:50.079
Like somebody was actually making a game. She

00:18:50.079 --> 00:18:51.819
was making a game for her boyfriend. She's like,

00:18:51.859 --> 00:18:53.380
oh my God, he's going to love this. Like, and

00:18:53.380 --> 00:18:54.900
it was like, oh, it was super personal. Like

00:18:54.900 --> 00:18:58.079
you can do that kind of stuff now. All of these

00:18:58.079 --> 00:18:59.880
tools, sorry, I'm getting totally sidetracked,

00:18:59.880 --> 00:19:01.839
Sheila. I mean, I get excited about this. What

00:19:01.839 --> 00:19:04.900
was the question again? Bring me back. You had

00:19:04.900 --> 00:19:07.240
me like in a daze, just learned it. No, it was,

00:19:07.240 --> 00:19:10.000
where do you see it in five years? Yeah, five

00:19:10.000 --> 00:19:12.460
years from now. Sorry, sorry. Solopreneur, that's

00:19:12.460 --> 00:19:15.049
where I was going. Thank you. But when I talk

00:19:15.049 --> 00:19:18.910
to these students today, I say like, you are

00:19:18.910 --> 00:19:20.789
going, I mean, you already have the concept of

00:19:20.789 --> 00:19:25.329
AI agents and these work decently well. And the

00:19:25.329 --> 00:19:27.750
difference between like chat GPT and an agent

00:19:27.750 --> 00:19:29.690
is effectively an agent. You're just going to

00:19:29.690 --> 00:19:32.210
give like high level guidelines and say something

00:19:32.210 --> 00:19:36.349
like, Hey, I need you to research the Minneapolis

00:19:36.349 --> 00:19:42.369
market for me on. Houses that are under the Zillow

00:19:42.369 --> 00:19:46.150
value within 10 miles of this location, within

00:19:46.150 --> 00:19:50.210
this kind of school district, and they have no

00:19:50.210 --> 00:19:53.529
pink inside the house. Whatever it is, something

00:19:53.529 --> 00:19:55.750
like that. There is no way you could do that

00:19:55.750 --> 00:19:57.369
with a search query. And to actually do that

00:19:57.369 --> 00:19:59.430
would take a ton of time. But these AI agents

00:19:59.430 --> 00:20:01.849
can do that. And probably within 30 minutes,

00:20:01.990 --> 00:20:05.079
they would take... two days of work come back

00:20:05.079 --> 00:20:07.279
to you and say like, okay, here are the results.

00:20:07.440 --> 00:20:09.200
And you look over those results. It might only

00:20:09.200 --> 00:20:12.460
be 90, 95 % accurate, but it's going to save

00:20:12.460 --> 00:20:15.980
you a ton of time with that. This is growing

00:20:15.980 --> 00:20:19.859
exponentially right now. Taking what I described

00:20:19.859 --> 00:20:23.339
there, you would be able to then apply this kind

00:20:23.339 --> 00:20:25.440
of agent concept to just about anything. It's

00:20:25.440 --> 00:20:28.359
like, hey, this file, or actually you could probably

00:20:28.359 --> 00:20:30.740
even say within a couple of years, hey, in my

00:20:30.740 --> 00:20:33.960
email are all of the receipts I have for invoices

00:20:33.960 --> 00:20:36.319
that I've received over the last year. I want

00:20:36.319 --> 00:20:39.460
you to go through my email, find all of those.

00:20:40.340 --> 00:20:42.819
categorize them in proper categories, put them

00:20:42.819 --> 00:20:47.039
into our accounting ledger and go ahead and do

00:20:47.039 --> 00:20:51.059
a first draft of my taxes. That's probably a

00:20:51.059 --> 00:20:54.500
year or so away, maybe two years, like literally

00:20:54.500 --> 00:20:56.920
what I just described there. So that's why when

00:20:56.920 --> 00:20:59.480
I tell students now, the only job that I know

00:20:59.480 --> 00:21:02.240
that's going to exist in five years, it's probably

00:21:02.240 --> 00:21:05.190
something like, you know, a solopreneur. The

00:21:05.190 --> 00:21:07.950
example I gave last night is like, say your passion

00:21:07.950 --> 00:21:12.349
is golf course maintenance. Like you can build

00:21:12.349 --> 00:21:16.309
a piece of custom software that is going to specifically

00:21:16.309 --> 00:21:20.009
serve, you know, the maintenance needs of golf

00:21:20.009 --> 00:21:22.890
courses. Like nobody is probably building that

00:21:22.890 --> 00:21:25.089
software today. It's too hard, too difficult,

00:21:25.150 --> 00:21:27.630
too whatever to do. You can do that. You could

00:21:27.630 --> 00:21:30.450
package that. You could customize that and you

00:21:30.450 --> 00:21:32.809
could sell it to, you know. a fraction of the

00:21:32.809 --> 00:21:35.829
golf courses across the US, you'd be hyper -focused

00:21:35.829 --> 00:21:39.269
on serving their needs. If anything goes wrong,

00:21:39.430 --> 00:21:41.990
and this is one of the key things, because if

00:21:41.990 --> 00:21:44.309
something goes wrong, like if they built that

00:21:44.309 --> 00:21:46.230
themselves, if something goes wrong, they're

00:21:46.230 --> 00:21:48.890
not going to call Sam Altman at OpenAI and say,

00:21:48.970 --> 00:21:51.849
hey, Sam, this is broken. Like they got to figure

00:21:51.849 --> 00:21:54.450
it out. The agent's got to figure it out. Often

00:21:54.450 --> 00:21:56.390
people want to have, and that's not going to

00:21:56.390 --> 00:21:57.910
change. People are going to want to have a human

00:21:57.910 --> 00:22:01.210
at some point in the loop to talk about. And

00:22:01.210 --> 00:22:03.549
that's why I really believe like a solopreneur

00:22:03.549 --> 00:22:06.009
who is hyper -focused on building a solution

00:22:06.009 --> 00:22:10.549
for a specific customer set is going to be the

00:22:10.549 --> 00:22:13.970
one business that I know is going to exist five

00:22:13.970 --> 00:22:16.190
years from now. Everything else is kind of up

00:22:16.190 --> 00:22:19.029
in the air. What about physical robots? So even

00:22:19.029 --> 00:22:22.069
that same golf course, it needs the grass cut

00:22:22.069 --> 00:22:26.089
and the computer, that little AI agent can't

00:22:26.089 --> 00:22:31.220
cut the grass. How far are we from seeing more

00:22:31.220 --> 00:22:35.319
robots taking over some of the actual labor involved

00:22:35.319 --> 00:22:37.799
in some of these sessions? Sheila, I'm going

00:22:37.799 --> 00:22:40.299
to show my age here. My first house that my wife

00:22:40.299 --> 00:22:45.880
and I bought was in 2004. And this was in Ohio.

00:22:46.240 --> 00:22:49.140
And there was a company called Friendly Robotics.

00:22:49.140 --> 00:22:51.859
They were based out of Israel. And I had them

00:22:51.859 --> 00:22:55.579
shipped to me a grass cutting robot in 2004.

00:22:56.019 --> 00:22:58.460
So this was over 20 years ago. I actually had

00:22:58.460 --> 00:23:01.460
one of these. As you can imagine, this was like

00:23:01.460 --> 00:23:05.299
in Cincinnati, Ohio in the suburbs. I was the

00:23:05.299 --> 00:23:07.519
weird guy on the street because I had a grass

00:23:07.519 --> 00:23:09.680
cutting robots while everyone else was pushing

00:23:09.680 --> 00:23:11.980
their things. I would hit a button and the thing

00:23:11.980 --> 00:23:14.180
would just go kind of like a Roomba out there.

00:23:14.299 --> 00:23:16.420
It didn't do a great job, but this is also 20

00:23:16.420 --> 00:23:20.000
some years ago. Fast forward to just last week,

00:23:20.180 --> 00:23:23.480
I was at NVIDIA's GTC, which is their big conference

00:23:23.480 --> 00:23:26.599
that they have here in San Jose, like 25 ,000

00:23:26.599 --> 00:23:29.180
people there. I could not even tell you the amount

00:23:29.180 --> 00:23:31.759
of different robots that I saw there. All of

00:23:31.759 --> 00:23:34.240
these companies building these robots and so

00:23:34.240 --> 00:23:37.759
forth. Figure Tesla with Optimus. You know, there

00:23:37.759 --> 00:23:40.980
was a Disney robot that Jensen Wong, the CEO

00:23:40.980 --> 00:23:44.339
of NVIDIA, had on stage. There's a lot coming

00:23:44.339 --> 00:23:46.900
in robotics, for sure. It's a little bit further

00:23:46.900 --> 00:23:50.400
off than the software side because there's some

00:23:50.400 --> 00:23:53.579
more risks to robots. You know, if the robot

00:23:53.579 --> 00:23:55.599
falls on somebody or whatever. Like there was

00:23:55.599 --> 00:23:57.359
a company called Nightscope. They're still around.

00:23:57.619 --> 00:24:00.640
They had a security robot. Several years ago

00:24:00.640 --> 00:24:03.619
at the Stanford Mall, the security robot rolled

00:24:03.619 --> 00:24:05.839
over a kid's arm. Like the kid was lying behind

00:24:05.839 --> 00:24:08.180
the robot or something. They didn't plan for

00:24:08.180 --> 00:24:10.500
that. That's hard. But that's also a real problem

00:24:10.500 --> 00:24:14.180
to have that. There's much less risk in software

00:24:14.180 --> 00:24:17.680
than there is with robots. So robots will come.

00:24:18.279 --> 00:24:20.240
You know, I would say if you're in something

00:24:20.240 --> 00:24:24.440
that really requires non -repetitive physical

00:24:24.440 --> 00:24:27.660
work in some way, that's hard. I was talking

00:24:27.660 --> 00:24:31.940
to a founder recently who was working on a robot

00:24:31.940 --> 00:24:34.259
that would be doing stuff like cleaning. And

00:24:34.259 --> 00:24:36.940
he was telling me how hard it is to get the thing

00:24:36.940 --> 00:24:42.759
to fold sheets, like to make a bed. Super difficult.

00:24:43.140 --> 00:24:44.880
I mean, if you really think about how precise

00:24:44.880 --> 00:24:48.220
that is and he's like that to him is the holy

00:24:48.220 --> 00:24:51.779
grail is to be able to actually make a bed for

00:24:51.779 --> 00:24:53.920
that. And, you know, and, you know, because there's

00:24:53.920 --> 00:24:56.559
just so many variables in that and have it do

00:24:56.559 --> 00:24:58.700
it somewhat efficiently and not just take like

00:24:58.700 --> 00:25:02.700
a half hour to make a bed. Those robots will

00:25:02.700 --> 00:25:05.400
get that, but that's probably a little bit further

00:25:05.400 --> 00:25:09.650
away. That probably is like. five plus years

00:25:09.650 --> 00:25:12.750
away to like get to that level it will happen

00:25:12.750 --> 00:25:16.190
in our lifetimes not as quickly as some of the

00:25:16.190 --> 00:25:21.670
things that are more software related so since

00:25:21.670 --> 00:25:25.369
you have evangelized creativity to employees

00:25:25.369 --> 00:25:28.829
of every nation what is one effective technique

00:25:28.829 --> 00:25:32.509
that you can recommend to spark innovation in

00:25:32.509 --> 00:25:36.640
our everyday work So here's one thing I believed

00:25:36.640 --> 00:25:39.019
when I was at PayPal. It became our slogan, something

00:25:39.019 --> 00:25:43.559
that I believe strongly to this day. We are all

00:25:43.559 --> 00:25:46.519
innovators. Everyone can innovate is what we

00:25:46.519 --> 00:25:49.279
would always say. And it didn't matter what your

00:25:49.279 --> 00:25:51.960
function was, what your background was. We are

00:25:51.960 --> 00:25:55.539
innovators by just like the nature of us as part

00:25:55.539 --> 00:25:58.180
of our species. This is how we got to where we're

00:25:58.180 --> 00:26:01.680
at today in society. The key to innovation often

00:26:01.680 --> 00:26:04.700
is just having. The freedom to make mistakes,

00:26:04.980 --> 00:26:07.859
as we talked about before, and even just the

00:26:07.859 --> 00:26:11.119
constraints or even the incentives around creating

00:26:11.119 --> 00:26:14.480
an environment of innovation. If you're not going

00:26:14.480 --> 00:26:16.859
to be rewarded for this, if you're going to be

00:26:16.859 --> 00:26:19.180
knocked for failing or for whatever it might

00:26:19.180 --> 00:26:24.880
be, there is not going to be creativity. I think

00:26:24.880 --> 00:26:27.900
Maya Angelou has a quote saying that we're all

00:26:27.900 --> 00:26:30.539
creative people until the age of eight when we

00:26:30.539 --> 00:26:33.529
basically had it. knocked out of us, beaten out

00:26:33.529 --> 00:26:35.609
of us, or whatever the quote is from her. And

00:26:35.609 --> 00:26:38.029
like, you think about that, like schools often

00:26:38.029 --> 00:26:40.349
do that. I mean, it's always like, there's an

00:26:40.349 --> 00:26:42.210
answer. There's one right answer. Like, you know,

00:26:42.210 --> 00:26:44.069
there's, you know, not all teachers are like

00:26:44.069 --> 00:26:46.089
that, but a lot of just the regiments of school

00:26:46.089 --> 00:26:48.829
and so forth does that. And look, I think that's

00:26:48.829 --> 00:26:50.769
good to have in life, but I think it's, there's

00:26:50.769 --> 00:26:54.150
also time for creativity. And so one thing I

00:26:54.150 --> 00:26:56.730
would recommend, actually, let me, I'll tell

00:26:56.730 --> 00:26:58.150
a story. In fact, somebody I used to know at

00:26:58.150 --> 00:27:00.730
PayPal, this guy was straight out of college.

00:27:01.579 --> 00:27:04.039
I was running innovation. One of the things in

00:27:04.039 --> 00:27:08.039
the innovation we did was file patents. And he

00:27:08.039 --> 00:27:11.559
was like, well, I want a patent. Like, that seems

00:27:11.559 --> 00:27:13.859
cool. I want to be able to do that. So what he

00:27:13.859 --> 00:27:18.779
did was he put aside 30 minutes every day to

00:27:18.779 --> 00:27:22.759
just come up with ideas for stuff. And he would

00:27:22.759 --> 00:27:25.519
actually do this while watching episodes of The

00:27:25.519 --> 00:27:28.200
Office. That was like his mental thing. I think

00:27:28.200 --> 00:27:30.279
he had seen the office many times. So it was

00:27:30.279 --> 00:27:32.440
almost mindless for him. So he would put on the

00:27:32.440 --> 00:27:34.940
office. It was kind of chill time. He had a notebook

00:27:34.940 --> 00:27:37.960
and he would just write down ideas. And, you

00:27:37.960 --> 00:27:39.559
know, at the end of that 30 minutes, he would

00:27:39.559 --> 00:27:41.339
send a few to me. He's like, hey, I got anything

00:27:41.339 --> 00:27:44.519
here. From what I remember, like, I think the

00:27:44.519 --> 00:27:48.670
first 10. 15 things I'm like no no this is not

00:27:48.670 --> 00:27:51.170
it like like more of this less of this more of

00:27:51.170 --> 00:27:52.930
this less of this more of this like okay okay

00:27:52.930 --> 00:27:56.269
and he just kept iterating again and again and

00:27:56.269 --> 00:27:59.049
again just through each part of the process and

00:27:59.049 --> 00:28:01.269
had you know sort of a coach in me to just kind

00:28:01.269 --> 00:28:03.630
of like give little Little tweaks of guidance,

00:28:03.829 --> 00:28:06.289
but he's stuck with it. He's persistent. A lot

00:28:06.289 --> 00:28:08.589
of innovation is just being persistent with something,

00:28:08.710 --> 00:28:11.210
to be completely honest. But, you know, he did

00:28:11.210 --> 00:28:14.569
this for probably months and he got his first

00:28:14.569 --> 00:28:16.950
patent. And you know what? He kind of started

00:28:16.950 --> 00:28:20.950
to unlock the code of that. I think within probably

00:28:20.950 --> 00:28:24.819
six months of starting... He had actually filed

00:28:24.819 --> 00:28:28.059
like 15, 20 patents that have been granted since

00:28:28.059 --> 00:28:30.700
by the U .S. Patent Trademark Office. Within

00:28:30.700 --> 00:28:32.940
like a year from the point he kind of figured

00:28:32.940 --> 00:28:36.460
it out that next year, he was just able to do

00:28:36.460 --> 00:28:39.359
all these amazing things. And it comes from just

00:28:39.359 --> 00:28:42.160
persistence. So, you know, finding a way, like

00:28:42.160 --> 00:28:45.940
prioritizing it, setting some time aside where

00:28:45.940 --> 00:28:49.099
he can actually do that, prioritizing that work,

00:28:49.180 --> 00:28:51.529
getting a little bit better every time. Like

00:28:51.529 --> 00:28:53.589
if you're not making, you know, 1 % improvements

00:28:53.589 --> 00:28:55.369
in what you're doing, then it's not going to

00:28:55.369 --> 00:28:57.970
be helpful. Put all of those things together

00:28:57.970 --> 00:29:00.809
and you got somebody who is, you know, able to

00:29:00.809 --> 00:29:03.890
do his goal and much more within a relatively

00:29:03.890 --> 00:29:07.009
short amount of time. Consistency. Persist. Yeah.

00:29:07.109 --> 00:29:10.849
Yes, absolutely. Absolutely. Well, so what is

00:29:10.849 --> 00:29:15.549
your next milestone? My next milestone? Wow.

00:29:17.259 --> 00:29:20.039
The thing I'm working on right now, and I'm almost

00:29:20.039 --> 00:29:22.279
finished, I'm super excited about, I'm actually

00:29:22.279 --> 00:29:25.039
writing a series of children's books. And for

00:29:25.039 --> 00:29:27.400
me, so I have a publisher, they're going to release

00:29:27.400 --> 00:29:31.319
those in late 2026. So they're quite some time

00:29:31.319 --> 00:29:34.700
out, but they've been a little bit of a, they

00:29:34.700 --> 00:29:38.920
go deep into the sciences. So it's actually,

00:29:39.059 --> 00:29:41.910
they're fables about the periodic table. It is

00:29:41.910 --> 00:29:45.990
literally called Periodic Fables is part of that.

00:29:46.049 --> 00:29:47.630
And there are three different stories they're

00:29:47.630 --> 00:29:50.369
going to release. And for me, that's going to

00:29:50.369 --> 00:29:52.809
be a huge, exciting thing, being a published

00:29:52.809 --> 00:29:57.630
author in an area that I'm not a chemist by any

00:29:57.630 --> 00:30:00.009
stretch. So I had to learn a lot through that.

00:30:00.029 --> 00:30:01.529
It was just wonderful just going through that

00:30:01.529 --> 00:30:04.230
whole process. And to me, life is a bunch of

00:30:04.230 --> 00:30:06.150
these little experiments where you learn stuff

00:30:06.150 --> 00:30:08.250
and you bring it to other things in life. And

00:30:08.250 --> 00:30:11.700
I just love that. So I guess that's my next milestone.

00:30:12.140 --> 00:30:14.599
You had done comic books. That's how we began

00:30:14.599 --> 00:30:17.079
the conversation. How is it different than comic

00:30:17.079 --> 00:30:19.599
books? And what are you going to apply from that

00:30:19.599 --> 00:30:22.660
failure of the comic book to the children's book?

00:30:22.980 --> 00:30:25.839
Such a good question. So the comic book business,

00:30:25.900 --> 00:30:27.799
I wasn't actually creating. I'm not an artist

00:30:27.799 --> 00:30:30.099
either. I'm not an engineer. I'm not an artist.

00:30:30.240 --> 00:30:33.819
I'm just a jack of all trades, master of none

00:30:33.819 --> 00:30:36.380
is basically what I am. But what I was actually

00:30:36.380 --> 00:30:40.400
building back in 2009, it was called SketchMaven.

00:30:40.400 --> 00:30:42.720
It was a marketplace for comic book artwork.

00:30:43.119 --> 00:30:44.759
So it was a place where artists could actually

00:30:44.759 --> 00:30:47.539
come, sell their artwork and so forth, and people

00:30:47.539 --> 00:30:50.059
would buy them and so forth as part of that.

00:30:50.279 --> 00:30:53.019
But one of the things I learned just, and frankly,

00:30:53.119 --> 00:30:55.440
spending a lot of time in this world was just

00:30:55.440 --> 00:31:00.029
like layout, design. I've looked at... Thousands,

00:31:00.130 --> 00:31:02.329
tens of thousands, hundreds of thousands, maybe,

00:31:02.410 --> 00:31:04.230
I don't know, of comic pages in my lifetime.

00:31:04.349 --> 00:31:07.349
And just understanding the layout, how to tell

00:31:07.349 --> 00:31:10.990
a story, things like the passage of time within

00:31:10.990 --> 00:31:14.130
a comic book. I think in the great book, if anybody's

00:31:14.130 --> 00:31:16.849
interested, Scott McCloud's Understanding Comics.

00:31:17.210 --> 00:31:20.549
It's probably came out in the 90s. But, you know,

00:31:20.589 --> 00:31:22.950
I remember this so well, like McLeod talks about,

00:31:22.970 --> 00:31:25.809
like, literally the space that you have in between

00:31:25.809 --> 00:31:28.349
panels conveys different things to the audience,

00:31:28.609 --> 00:31:31.309
you know, and so that actually might convey more

00:31:31.309 --> 00:31:33.950
of a passage of time versus less and all these

00:31:33.950 --> 00:31:37.369
things. It's a completely different and unique

00:31:37.369 --> 00:31:40.769
art form that, you know, nobody out there has

00:31:40.769 --> 00:31:43.029
mastered. There are so many different techniques.

00:31:43.210 --> 00:31:45.269
There are different cultural perceptions in this

00:31:45.269 --> 00:31:48.359
world. And for me, yeah, I think just spending

00:31:48.359 --> 00:31:50.599
a lot of time with artists, with people in this

00:31:50.599 --> 00:31:52.640
world has given me a whole appreciation that

00:31:52.640 --> 00:31:55.759
I'm trying to, as a writer, convey some of that

00:31:55.759 --> 00:31:57.839
to the wonderful artists that I'm working with

00:31:57.839 --> 00:32:01.480
on the piece. Interesting. Well, it was a marketplace.

00:32:02.480 --> 00:32:06.880
I love the chemistry because so many kids struggle

00:32:06.880 --> 00:32:11.039
with science or chemistry. I did. I surely did.

00:32:11.299 --> 00:32:14.839
I love math and I love technology. And in the

00:32:14.839 --> 00:32:18.680
sciences, it's not my forte, right? So I'd probably

00:32:18.680 --> 00:32:22.420
be a great candidate to perhaps try the periodic

00:32:22.420 --> 00:32:26.440
fables to see if they stick with me, where my

00:32:26.440 --> 00:32:29.259
daughter right now is getting a PhD in integrative

00:32:29.259 --> 00:32:33.000
biology. And I'm like, whoa. Yeah, I'm constantly

00:32:33.000 --> 00:32:35.869
reminding her. And I'm like. The key is to be

00:32:35.869 --> 00:32:37.869
able to explain to me what you do, what you're

00:32:37.869 --> 00:32:40.309
studying and the effects and just the basics.

00:32:40.609 --> 00:32:42.910
And, you know, when did I study the periodic

00:32:42.910 --> 00:32:46.309
table? I think I was in 10th grade. Well, I mean,

00:32:46.309 --> 00:32:47.809
and that's something that comes over time. And

00:32:47.809 --> 00:32:51.150
I think Richard Feynman. scientist has a quote

00:32:51.150 --> 00:32:53.210
about this of like you know mastery of a subject

00:32:53.210 --> 00:32:55.430
is being able to explain that to anybody you

00:32:55.430 --> 00:32:57.609
know and that is one of the things large language

00:32:57.609 --> 00:33:00.789
models do amazingly well you could put a document

00:33:00.789 --> 00:33:03.490
into something like google's notebook lm and

00:33:03.490 --> 00:33:06.289
say hey I don't get this. This is a white paper

00:33:06.289 --> 00:33:09.670
about dark matter or something like that. I don't

00:33:09.670 --> 00:33:12.190
understand any of this. Explain this to me as

00:33:12.190 --> 00:33:15.390
if I was in sixth grade. And it could do that.

00:33:15.430 --> 00:33:17.089
And you're like, okay, I think I get it. Now

00:33:17.089 --> 00:33:19.930
let's do ninth grade. Let's do that. And that's

00:33:19.930 --> 00:33:21.890
one of the wonderful things about AI tools is

00:33:21.890 --> 00:33:24.210
they're infinitely patient. You can just keep

00:33:24.210 --> 00:33:26.410
on doing this with them until you really get

00:33:26.410 --> 00:33:28.150
it at the level that you're comfortable with

00:33:28.150 --> 00:33:31.089
as well. And that's a technique I still use all

00:33:31.089 --> 00:33:33.369
the time. I was just asking it the other day.

00:33:34.340 --> 00:33:36.099
about, wait, what was I asking about? I asked

00:33:36.099 --> 00:33:38.920
it about how things work all the time. I was

00:33:38.920 --> 00:33:41.279
asking about how toilets work the other day because

00:33:41.279 --> 00:33:43.000
I was like, oh, I actually really don't know

00:33:43.000 --> 00:33:45.359
how a toilet works. And you know, it's almost

00:33:45.359 --> 00:33:48.740
embarrassing, but I'm like, I don't know. And

00:33:48.740 --> 00:33:50.680
I was even asking it the other day, how does

00:33:50.680 --> 00:33:53.180
a calculator work? I have no idea. You just push

00:33:53.180 --> 00:33:54.799
numbers in there and somehow it gives you the

00:33:54.799 --> 00:33:56.500
answer. Well, how does that actually happen?

00:33:57.069 --> 00:33:59.890
For people who are curious and gosh, like I hope

00:33:59.890 --> 00:34:01.730
everybody out there is curious. That's why you're

00:34:01.730 --> 00:34:04.049
listening to this pod and watching it and you're

00:34:04.049 --> 00:34:05.930
learning. You want to learn more. You want to

00:34:05.930 --> 00:34:08.030
make yourself better. Like for people who are

00:34:08.030 --> 00:34:10.590
infinitely curious, like these tools are amazing

00:34:10.590 --> 00:34:13.150
to be able to use to just ask questions about

00:34:13.150 --> 00:34:16.030
like, I'll be walking around and I'll see something

00:34:16.030 --> 00:34:17.809
like that looks industrial. I'm like, what the

00:34:17.809 --> 00:34:19.590
heck is that thing? I'll take a picture of it

00:34:19.590 --> 00:34:22.030
and say, what is this? Is this like for water?

00:34:22.150 --> 00:34:24.309
What does it do? And I'll explain it to you.

00:34:24.349 --> 00:34:27.949
Like, it's great. Well, thank you so much for

00:34:27.949 --> 00:34:30.949
joining me today, Mike. Pleasure. Pleasure, Sheila.

00:34:31.070 --> 00:34:32.570
No, it's great having you. Great conversation.

00:34:33.150 --> 00:34:36.590
And thank you all for tuning in to another episode

00:34:36.590 --> 00:34:39.030
of Milestone Moments in Business and Leadership.

00:34:39.210 --> 00:34:40.389
Until next time.
