00:56:55 · Scott Nolan
[00:56:55] S2: Yeah, I think all that helps a ton. Like just having huge uncertainty in your business that's outside your control, no one really likes that. Like, why should I start something if I just don't know if I'm just going to get stopped? That's like extremely discouraging. I think when there's certainty, people are willing to do amazing things, at least certainty of what the playing field is. And so I think that's probably the most important thing. Even so, these are twenty year projects. So when people ask me, Oh, should I start a company? I usually say, No. Like, unless you have something really good that you really care about that's really important, all things equal, don't. Like, work at a company that's really important. Work at one that you think you can learn a lot from or have a lot of positive impact at. But in terms of, yeah, how do we get people to... You know, I think you started the question with the example of, like, SpaceX and Tesla and, like, really, really leaning in. I would still go... It it is true. Like, Elon is one of the best at at seeing where things are going and understanding these exponential curves and investing in those curves. You know, he started talking about Kardashev two level civilization way before people were even thinking about level one. And I think he came out of left field, now you kinda realize, okay. There's maybe some truth to that of, yeah, we do need to actually scale this orders of magnitude, not just like 2x, 3x. But even so, you look back to SpaceX in the early days, we weren't building like 10 Falcon 1s at once. It was one at a time, get it working, then you should start to get that momentum as you know you can really scale things. Then you get to the scaling stage. And I think that it takes time. I think that's what... You know, today, we're seeing the exponential curve of SpaceX, for example, twenty plus years in. First first couple years, it was it was a much more
00:58:43 · Ty Morse, Scott Nolan
[00:58:43] S0: It's the early days of the exponential. [00:58:44] S2: Yeah. Progressive curve that looked more linear at the time. So only in hindsight did these things look exponential. Any part you're on looks linear. And so you just have to get started and and start investing, start growing the business, start figuring out what problems you're solving. And then then you start doubling down, and that... It's that doubling that that really starts catching on. [00:59:04] S0: Let's end on how would you tell founders or ask founders to operate differently than they have over the past many, many years with this changing environment? What risks should they take? How should they decide to build their businesses with the understanding that they need to grow and they kind of need to believe in the build first, demand will show up later sort of vibe?
00:59:25 · Chris Wright
[00:59:25] S1: Yeah. Like, I've been a lifelong entrepreneur myself, but most of the entrepreneurship in America during my time has been about software and designs and if you're going to build big stuff, you built it overseas and imported it back. And obviously Elon's a great exception to that as is Scott. We want people to... Don't assume that's the model, you know? If you have big ideas and you want to build large things in America and take big risks but you're worried about it, please come to the government. Call me up and let's talk about it. We want to make as welcoming an environment as possible for risk takers. Things that have been hard to do in America for the last two or three decades, we're doing everything we can to make it so that you can do them in America again. We love trade and across borders and all that, but one of the things that drives me is that I look at the three of us sitting here. The last thirty years have been pretty awesome for us. But if you grew up in a rural area or your family is recent immigrants or they're low income and you didn't get a great education, you live in a different neighborhood, the blue collar jobs in this country for the last thirty years has not been a good run. And when we build big things in America again, you really change the economic prospects for a full half of the Americans that have not had great economic prospects. So not only is it going to be good for your business to do things in America, but you're going to lift Americans up and bring that. And then that snowballs, right? We want to have the most talented, the most experienced workers that build these things. That thing snowballs. But unfortunately, bringing China into the World Trade Organization and this kind of smothering environmental regulation and sort of naive beliefs that the world was dematerializing, that we were just moving the material part away from us. We've got to get beyond that. President Trump's vision is to re industrialize America, have every American believe they have a tremendous job and opportunity in front of them and take chance in America, bet on America, believe in America. And I got proof sitting across microphone from me right here and Scott Nolan and so many others. But if you have concerns or problems, reach out to us. Let's talk to us. Let's figure out how we can fix them.
01:01:46 · Scott Nolan
[01:01:46] S2: To the question of what should be the encouragement of people that want to do entrepreneurial things, The formula I always follow is... Or have followed when evaluating companies, when thinking of where to work, of what to do, was always... It was three things. It was, what's a really important problem that's not going to get solved unless someone does it, someone new does it? And do your skills somehow overlap with that need? If all three boxes are checked, you almost have to do it. It's almost like a moral imperative that you have to go try and help solve this important problem that otherwise will not get solved that only you can solve. So I think that's the formula. And ideally, we get a few people working on these really, really important problems. And yeah, the last few decades have been all about digital, all about the software world more than anything else, and I think the next few are actually going to be about the physical world. So I think it's a really exciting place for people to be looking and just evaluating what can we do to accelerate that, to make all the progress that we were supposed to be making the last fifty years, then bring that back. I think the fundamental piece behind all of it is going to be energy. Scalable, lower cost energy in The US will fuel manufacturing, will fuel construction, it will empower all these things and get The US back in a stance of realizing the physical world is just as important as the digital world, and it's the one where there's such low hanging fruit that we can go do new things that people always dreamed about in the fifties.