00:57:13 · John Collison, Scott Nolan
[00:57:13] S1: Last question. We've talked about what you learned at SpaceX and Boeing and various places. What did you learn working at Founders Fund? [00:57:25] S0: Avoid competition. So, you know, which is it happens automatically if you work on something that's really important that no one else is doing and that you can uniquely be good at. And so, you know, avoid competition is you know, you kind of achieve it that way but it's also something that will inherently be true if you're solving a problem that's not solved. So, you know, what important truth do you believe or like what important problem is no one working on? And I think that was actually the thing that led us here was it wasn't a desire to start a company. It wasn't, anything specific like that. It was what thing is actually holding back the nuclear industry? What is the bottleneck? What is the one thing that could prevent all the reactors from scaling, all the SMRs or, you know, gigawatt scale light water reactors? And it's fuel. A lot of the other pieces have been solved and so it's just fuel. [00:58:21] S1: For other future entrepreneurs, there's presumably equally big opportunities just staring them in the face. [00:58:26] S0: Yeah. I mean, there certainly are. I don't know what they are. I think it takes a lot of digging Mhmm. To see them. And... Yeah. [00:58:33] S1: And then enriching.
00:58:33 · John Collison, Scott Nolan
[00:58:33] S1: And then enriching. [00:58:34] S0: Yeah. Yeah. Like, yeah. And then enriching and turning into a guest. But, no, I think you only find out about these things if you follow some passion that you might have that not everyone's thinking about. So it's usually not part of a trend or at least it's ahead of the trend. If you're into something and you think it has value and you go deeper and you work in that space you'll see what the problems are and I think they become obvious to those who go deep enough. [00:58:59] S1: Yeah. Scott thank you. [00:59:01] S0: Yeah thank you.