01:01:18 · Ty Morse
[01:01:18] S0: This is the fascinating thing that I... That I've noticed about Elon as well is if you look at his companies, they may be firing... You know, SpaceX is firing on all cylinders now. Tesla is firing on all cylinders now. But if you look at like year eight of SpaceX, it's going bankrupt. Year eight of Tesla, it's going bankrupt. Like, they're a couple days away for not being able to make payroll eight years in. If you look at Boring Company and Neuralink now, it's like, okay, Neuralink is doing human trials today, but they took ten years. I think they were starting like 2015, 2016 to get there. And it took them a very long time. I think if you start a company and it's super successful, it's a little bit like you start out just planting one seed and you water it and you take care of it and maybe it dies and then you learn something and then you plant another seed. And, you know, eventually if it works, you have this big farm. And then if you decide to go start a new company in an entire entirely different industry, you've been this big farmer for the past five or ten years or eight years. And you've got this massive field, like a thousand acres of these crops that are growing like crazy. And then you go back and you're like, oh shit, now I've got go back to planting just one seed and then kind of like watering it all nicely and giving it the miracle grow and like hoping to God that it, you know, grows a little bit. But you can't just yell at the... You can't yell at the plant. Can't like play Beethoven music to make it grow faster.
01:02:37 · Baiju Bhatt, Ty Morse
[01:02:37] S1: Turn into a field, goddamn it. Exactly. [01:02:39] S0: Was there anything when you started this company where it was a little bit like yelling at the seed to to to try to make it or like Yeah. Absolutely. Absolutely. [01:02:48] S1: Yeah. What was that? I mean, it's like on and off all the time. Right? But but, look, I mean, that if you do something that's very big, you strive to do big things again. And at the same time, you kind of have to be... I have to be honest with myself about the path there is like a long and arduous one. Right? Moreover, the path as I look back to my past experience was the fun. Know, one might think that like it's like, well, you become successful and you're like, this feels great. This is what I was aiming for for the whole time. That wasn't really my experience. My experience was like, you get to some point of like, you know, third party validated success and you're like, man, I had so much fun getting here. And like the real [01:03:43] S0: the pursuit of it is
01:03:43 · Ty Morse, Baiju Bhatt
[01:03:43] S0: the pursuit of it is [01:03:44] S1: the joy. Real yeah, the real high about all of this was when I went from not knowing and being unsure of my ideas to knowing that my ideas were right and being like, yes, like that's the intellectual sort of like journey that that like in hindsight is the thing that I've glamorized, the thing that I've like, you know, drooled over reliving. You know, it's not the IPO day. It's the day seven years earlier when we made a breakthrough in the product and like like, Didn't know how to solve that. Didn't even know if that was the right problem to solve or if it was solvable. We did it. That's the fun stuff. And that's kind of how I think about this. Right? It's like... And we're kind of getting to some of those points now where I'm really excited for the summer where hopefully this thing is up in space doing its thing, and we're like, Crack the nut on this one. [01:04:49] S0: You know? If you had to think like for, let's say, twelve or twenty four months and everything in your mind today for what can go right does go right. What kind of information and feedback would you like to see from these first tests and stuff? [01:05:04] S1: Oh, think that's very dangerous thinking. [01:05:07] S0: Why is it dangerous?
01:05:07 · Ty Morse, Baiju Bhatt
[01:05:07] S0: Why is it dangerous? [01:05:08] S1: Because I don't think everything's gonna go right. You know, I think I'm being intellectually honest. Things will go wrong. I think I I actually am much more of the opinion like, you know, when when is it gonna suck? Because that tends to happen at some point in time, right? Like when are we gonna be eight years in on the brink of bankruptcy? Hopefully this never happens to this company but like, you know, when are we gonna be in that sort of pit of sorrow where I feel my back against the wall again? And I just like declare to myself, I'm like, it's not over until I fucking win, you know, then like, when is that gonna happen? Cause when you get to that point and you get to the other side of it, you're like, it's very difficult to stop [01:05:56] S0: you at that point. For a long time, you basically have this mission of like democratizing finance and making it easy for people to invest in the stock market. Have you gotten some joy in basically recreating a new narrative, a new story about what you're gonna be working on and the mission that you're pursuing for kind of this next generation of who Baiju is and and what you're working on?
01:06:17 · Baiju Bhatt, Ty Morse
[01:06:17] S1: Yeah. It's really fun. I would like to have several meaningful chapters in my life. Right? I mean, was a chapter before that. Right? The chapter before that was when I was a kid growing up in, like, Alabama and Virginia. Right? And, like, pulling myself up out of poverty basically and like willing myself to go to a really, really good school to pursue physics and math, which was the singular pursuit, I would say, of like the first twenty, twenty five years of my life. Twenty two, maybe. Like, was math, physics, or I didn't give a shit. I guess I shouldn't be sorely. It was math, physics, or like working out, which I cared a lot about, or like playing in a band, which I cared a lot about. But every other thing was just like complete noise to like conquering the world of business and in particular building something that was useful for millions of people. That was like a very important thing for me. This chapter of life for me is like how can I build something that speaks to my lifelong love love of science and and the great beyond and make a super meaningful contribution to space technology and ideally science that it enables? And then there'll be more chapters, but you'll have to interview me in, like, ten years for that. [01:07:38] S0: I remember, I was watching this [01:07:40] S1: Maybe fifteen. That's the
01:07:40 · Baiju Bhatt, Ty Morse
[01:07:40] S1: Maybe fifteen. That's the [01:07:41] S0: beauty of this model is you basically do an interview as early as possible with someone working on something really hard and then you do a follow-up the year after and the year after and the year after. You keep on doing this and you basically document the growth of the company and the person over time. [01:07:53] S1: See how gray their hair goes over that time. First [01:07:58] S0: you lose the hair slowly over preceding rounds and then eventually it all comes back and then it goes gray. Yeah. [01:08:05] S1: Yeah. Yeah. There's a there's a hair loss from the stress, and then there's the hair transplant from the IPO. And then there's the slow graying over time, but still with a full head of hair because you got the transplant. Exactly. [01:08:18] S0: Exactly. And eventually, you go to the full blown blood boy situation just to survive as long as possible. That's that's that's the that's the next date after that. You were talking with John and Jordy from TBPN a couple days ago, believe. And you mentioned you you would have thought that the... Like, building a company the second time would be slightly easier than the first one. But I think that hasn't probably been the case. Like, it's just I think it's probably just as hard. Even if you have resources, it's just as hard [01:08:46] S1: Yeah. [01:08:47] S0: The second time. How did you kind of think about that going in? And then what what made you reevaluate that?