"Gentlemen, when I first started my journey to becoming a millionaire, I had just two things in my possession: a dream, and $8.4million in seed funding."

@justinwyatt8

2 ай бұрын

And placement within the timeline during the early stages of Twitter and Instagram

@kaushikvsmaniyan

2 ай бұрын

🤣😂

Survivorship bias. While this guy is undoubtedly skilled, there’s probably tons of people that did the exact same thing but got unlucky and failed.

@LogicallyAnswered

3 ай бұрын

Probably haha

@thefocuschic3234

3 ай бұрын

He was also lucky

@dr.akshayprakash5735

3 ай бұрын

If you keep taking risk as per your risk capacity over and over again, you will eventually succeed. In this field of entrepreneurship, connections are way more important than money. As long as you can afford to have your survival needs met, have the hunger to learn and save up some cash, one can hit the millionaire mark in the span of around 10 years. Assuming you look at your failures and learn from it unlike buying a lottery ticket. Learning from failures and making connections offers you domain expertise. As this grows, the "Risks" get less risky as they become safer bets with domain expertise.

@BradHelsing

3 ай бұрын

Don't forget that he had an excellent education and was a LAWYER. Without that career, he never would have met the people he did to enable his success.

@wayando

3 ай бұрын

Still, certain patterns have a higher probability of success, while others have a higher probability of failure. Meaning luck can be carefully created/ navigated ... By stacking up favorable habits and situations and rigging the game in such a matter that when opportunities materialize, they are easily converted to success.

One of these days, you will be telling my story 😎

@LogicallyAnswered

3 ай бұрын

Good luck man :)

@Technobitz

3 ай бұрын

Good luck

@myworldworks

3 ай бұрын

Keep that belief. All the best

@mr.f716

3 ай бұрын

second degenerate billionaire

@Thatdude877

3 ай бұрын

I legitimately want this to come true for you homie!

Chris Sacca the world’s most successful gambling addict.

A lot of student loan funded Robinhood accounts getting opened up after this video.

@mansafamara

3 ай бұрын

hahaha

@LogicallyAnswered

3 ай бұрын

😂

@philoslother4602

2 ай бұрын

It's not that bad of an idea,the rates on student loans are like 6%-7%, which is high but manageable, and even if you fail to pay it, not much is going to happen if the amount is 10k to 20k, your credit score will be trash but who cares? You can't afford a car or a home anyway Use that money to bet on Nvidia, if you are successful, probably you will have 200k USD, if you fail, trash credit score but nothing else It seems risky but it really isn't

@KRYMauL

2 ай бұрын

@@philoslother4602 I would say AMD, not Nvidia as Nvidia is already really high. I highly doubt they will hit $2T. EDIT: Nividia is at $1.9 it's bad to play to think they will go up past $2T as Apple is only $2.6T and Microsoft is $3T. Maybe in like 10 years, they could go up 10x, but that's not a smart move to do that while getting your bachelor's.

This was great! Subbed!

@LogicallyAnswered

3 ай бұрын

Thanks man!

Another banger KZread video This is why I’m subscribed: Informative and interesting videos on Tech and Business And now a subscriber of your newsletter. Thank you good sir 🔥

@LogicallyAnswered

3 ай бұрын

Glad to hear that Jerry!

Great video as always

@LogicallyAnswered

3 ай бұрын

Thank you as always Balpreet!

for every 1,000,000 degenerate gambler that gets cleaned out, there is one that makes to legendary billionaire status.

@LogicallyAnswered

3 ай бұрын

Yep hahaha

Great video

@LogicallyAnswered

3 ай бұрын

Thanks Afraz!

Wow, its amazing how many huge companies got their start from VCs like this. I wonder if this strategy can be replicated?

@LogicallyAnswered

3 ай бұрын

Definitely can. Maybe not into the billions, but definitely into the tens of millions

I needed to listen to this. I know what to do now

Poor man, only has one shirt left.

@LogicallyAnswered

3 ай бұрын

Hahaha

@trod5902

2 ай бұрын

@@LogicallyAnswered yo man, tons of scam comments on here. just a heads up

More stories like this please

Sacca: I'm the world's first degen billionaire Soros: too late

@aryaastark9201

2 ай бұрын

Stop with the racism.

First time to hear about this guy. He sounds like a very lucky guy...or genius.

@LogicallyAnswered

3 ай бұрын

Maybe a bit of both haha

@dream1430

3 ай бұрын

He just has a massive appetite for risk and a great capacity for strenuous work

@erickheredia8910

2 ай бұрын

@@dream1430 plus being in the right place every time 😅

@KRYMauL

2 ай бұрын

Luck is statistics taken personal, Nasim Taleb the man hated by all of Wall Street because he broke the game and called it bed.

Good video man keep it up

@LogicallyAnswered

3 ай бұрын

Thanks man!

this is my favorite channel - it’s like crack for my hunger to learn and succeed

@LogicallyAnswered

3 ай бұрын

🙏

Great video.

@LogicallyAnswered

3 ай бұрын

Thanks man!

Enjoyed your content, Ty!

the lesson here is very clear: you should always bet it all

@LogicallyAnswered

3 ай бұрын

Hahaha

@devinward461

3 ай бұрын

99% of gambling addicts quit just before they hit it big

@dr.akshayprakash5735

3 ай бұрын

*As per your risk capacity

Please make a video about tech layoffs recovery predictions

Calling a son of a professor and an attorney ‚upoer middle class‘ must have been the understatement of 2024 :D

@ominousplatypus380

3 ай бұрын

Sounds like a typical upper-middle class background to me, what would you call it? I don't think that's "elite" enough to qualify one as upper class.

@Gabriel-pk8lw

3 ай бұрын

That's seems pretty upper middle class

First time hear that this guy was from Lockport NY. I’ve lived here all my life and never heard that before

This story has so many holes that I’m contemplating not watching further. Chris has a 4mm loan that he “negotiated” to $2mm since he didn’t want to declare bankruptcy…okay…how?? His parents?? Chris started a company that sounds shoddy (shoddy, not shady) and he would fake it till he made it…hired his law buddies who were out of a job, then umm got a contract from google on a top secret project….yall…does this make sense? Everywhere he went he became friends with the founders. From starting that shoddy company, he got w lucrative offer from google that cleared included so much equity that when google when public, he was set for life. I’m pretty sure Chris himself has told this story. People always leave out the details eg how much assistance they were given by being privileged. I’m privileged too actually. I just don’t hide it.

@blar2112

3 ай бұрын

Exactly what i was thinking, he fell in to a debt pit several times and he got pulled out by family or friends, but he tells the story like he "negotiated" or "contracted" his way out of it.

@LogicallyAnswered

3 ай бұрын

In situations like this brokerages are desperate to recover any money they can cause most people would just file for bankruptcy and not pay back a cent. So you have quite a bit of negotiating power just based on that itself.

@strangelaw6384

3 ай бұрын

@@LogicallyAnswered I don't know how to feel about this fact

@doujinflip

3 ай бұрын

The real key to success is not in developing a comparative advantage the first time, but in being able to fail and try again until you get that one lucky break to pay off all the past attempts. A big reason why most visible success stories are pale, male, who know guys from Yale is because they enjoy multiple generations’ worth of wealth and prestige to prop up each other when biasing their graciousness towards like-minded “potential” while ignoring past performance.

@yt.damian

3 ай бұрын

@@strangelaw6384 if i owe you $1,000 its my problem. if I owe you $1,000,000 its your problem.

Great videos these days but just a small suggestion 8:45 these chapters intro take a lot of time,maybe reduce the chapter intro time

I haven't watched Shark Tank before other than in clips on KZread, but I'm thinking I'd rather see a spinoff where the investors are people who got rich quick in crypto or winning the lottery instead of successful entrepreneurs. It'd be interesting to see if they could make good picks or if they would lose money or basically get outright scammed by contestants.

@LogicallyAnswered

3 ай бұрын

😂

Money is not Sacca's motive, he doesnt care about money..he loves risk

Your content is soooooo Xlnt !!!!!!

dude has russ hannamen energy

This guy took the saying "the biggest risk in your life is to not take risk" and ran within to the moon

The ominous music throws the whole video off

people share this video this channel deserves 1 million subs he works hard and makes great tech content

@LogicallyAnswered

3 ай бұрын

🙏

@princemc35

3 ай бұрын

He shall reach it himself :)

Already watched the entire video🙃😅

@LogicallyAnswered

3 ай бұрын

Must’ve watched at 4x speed haha

2:20 whoa. I was born the same day/year.

Lucky gambler made a smart played exit. Shouldn't really be an inspiration story 😅

Do you have a team to which you outsource some of the research or are you the solo researcher on all these topics?

@LogicallyAnswered

3 ай бұрын

Up until this point, it’s all me :)

@Demopans5990

3 ай бұрын

@@LogicallyAnswered So what's the monthly coffee expenses?

At which point does it stop being investement and start just being a gambling addiction ?

I always thought Shark Tank was a show on Netflix

@gopherlee9427

2 ай бұрын

Lol!😂

One thing that stuck out to me was 'But yesterday I was leaked some confidential documents from a limited partner in Lowercase Ventures Fund I'. That sounds more like insider trading to me? Not 100% sure on the context though. I wouldn't idolise this man by any means though, I am curious how many bankrupt ex-friends he has in his wake. Sounds like an irresponsible 'lucky' guy to me, a la Trump, constantly bailed out because people couldn't afford to let him lose, so failed till he got lucky.

🍀🍀🍀🍀🍀🍀🍀Thyprinceofnothing Truly thyprinceofnothing🍀🍀🍀🍀🍀🍀🍀

I though this was a Benjamin video.

Stop calling us degenerates as a former wall street bet member i feel offended

yo lmao wtf I never knew he was featured in billions

If you believe this, you'll believe anything.

5:30 any details into how chris NEGOTIATED with banks to reduce his obligations from $4mm to $2mm??? Coz umm it smells like his parents or someone saying they’ll pay half of it upfront. Just saying “negotiated” makes it seem like he had some leverage.

@princemc35

3 ай бұрын

Hmmmmmm

@LogicallyAnswered

3 ай бұрын

Not necessarily. In situations like this brokerages are desperate to recover any money they can cause most people would just file for bankruptcy and not pay back a cent. So you have quite a bit of negotiating power just based on that itself.

FYI - SUNY is pronounced "soo-KNEE". Still a great video as always, but you made all of your New York State viewers cringe for a moment. 😂

@LogicallyAnswered

3 ай бұрын

Oops, thanks for the clarification Joe

@fredm.2699

3 ай бұрын

@@LogicallyAnsweredI’ve never met a less humble Joe in my entire life…

I never even really herd of this guy lol😂

@LogicallyAnswered

3 ай бұрын

Well, now you know!

@Thumper68

3 ай бұрын

@@LogicallyAnswered yeah you did a good job. He still seems like a douche bag though. No matter how much you spiced him up like Joe Dirtè🤣🫠

the worlds firs daddy

@LogicallyAnswered

3 ай бұрын

Hahaha

Learn what AKA means. It’s not used how you use it.

First❤

@LogicallyAnswered

3 ай бұрын

Thanks for being early Choqao!

Another rich jew with connections

@richardhands904

2 ай бұрын

calm down kanye

@bigdawg6513

Ай бұрын

Facts

Nah...I do better

Anyone in 2024?

Kevo was a douche-call him out...Chris is good!

on-truh-pren-noo-ers? Uh, no. Ugh. Fail. Do it over. From the start. Entre: on-truh. pren: pren. eurs: ehrrs maybe?