#158: Buying Michael Jordan's House (and Making a Profit), Investing in Athletes & Successful Startup-Studios

You really want to be somebody who punches up ... For long-term success, you want to be somebody who punches up—somebody who's always in a room where you're just barely hanging on because it'll push you to get better.

Right now, if you go on Rally Road, you'll get 2,000 or 3,000 people buying a fractional share of, you know, a pair of Jordans or a signed autograph or a signed rookie card or something like that. Fuck all that. Let's own the guy's house. So, I think you could easily get 5,000 people on Rally Road to buy a fractional share of Michael Jordan's house.

If you're going for fun, [startup] studios are dope. If you're going for success, I think that dabbling and picking a startup to go all-in on is a better model than trying to run a studio with multiple projects.