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Tim Ferriss · 2022-11-18 · 2h 06m

Jason Calacanis on Brooklyn Grit, Big Asks, The Magic of Thinking Big, and More

Jason Calacanis tells Tim Ferriss his rise from a Brooklyn bar to media and venture success, plus the craft behind All-In.

Jason Calacanis on Brooklyn Grit, Big Asks, The Magic of Thinking Big, and More
The guest

Jason Calacanis — Angel investor (300+ startups), Sequoia's first scout, author of Angel, and host of the This Week in Startups and All-In podcasts.

The gist

Calacanis traces his arc from a traumatic Brooklyn childhood, where the feds padlocked his father's bar, through founding the Silicon Alley Reporter zine, surviving the dot-com bust, and selling Weblogs, Inc. to AOL for $30 million. He and Ferriss dig deep into the mechanics of podcasting and moderating, especially how Calacanis orchestrates the four-person All-In show like a basketball point guard. They explore the tension of building a hit project with close friends, why his partners refused lucrative ad money, and the loyalty he learned from his father. The conversation closes on the paradox of 'catching the car'—the emptiness that can follow financial success—and the role of friendship, therapy, and psychedelics in confronting trauma.

Big reveals

  • Calacanis's father's bar was padlocked by tax authorities when Jason was 17-18; his dad told him 'I probably going to jail... take care of your mom,' one of the great traumas of his life.
  • Alan Meckler offered him $20 million for Silicon Alley Reporter in 1999, but he turned it down to keep his identity—then the dot-com bust hit and he lost everything.
  • Dow Jones bought the scraps of his company, then fired him days later and handed him a $500,000 check paying out his contract, igniting 'Hulk-like rage' to prove himself again.
  • In under 18 months he and Brian Alvey built Weblogs, Inc. into 87 blogs with $200K revenue and sold it to AOL for $30 million; investor Mark Cuban turned $300K into $6 million.
  • All-In started during COVID from a weekly poker game; Calacanis says he was 'tricked into it' when Chamath proposed a two-person show that grew into the four-friend format.
  • Calacanis estimates he forgoes roughly $25 million in advertising (his quarter ~$6-7 million) because his already-rich All-In partners refuse to run ads.
  • Instead of ads, he raised his Launch4 venture fund publicly via the podcast, securing $44 million in commitments across five webinars from people he had never met in person.
  • Ferriss reveals he founded Saisei Foundation (saiseifoundation.org) funding research into MDMA-assisted psychotherapy for PTSD and psilocybin for treatment-resistant depression.

Things worth remembering

  • Both hosts run backup QuickTime recordings; Calacanis asks guests 'how many seconds is your QuickTime running?' rather than whether they hit record, citing The Checklist Manifesto.
  • He launched Silicon Alley Reporter as a photocopied zine, talking an overnight print-shop manager into a $1,750 job for $800 cash.
  • His $90/year newsletter subscriptions started arriving as stacks of envelopes—soon $30,000-$40,000—letting him quit his jobs within 60 days.
  • Calacanis means 'to have done well' or 'good for you' in Greek; his grandfather, a Merchant Marine captain, passed through Ellis Island 12 times.
  • Weblogs, Inc. paid bloggers like Sean Bonner roughly $2-3 per post early on, scaling to a system of 450 bloggers pumping out thousands of posts a week.
  • Inspired by Ferriss and Kevin Rose's Random Show discussion of Ozempic and the Zero fasting app, Calacanis lost 30 pounds over the past year.
  • All-In nearly broke up multiple times; one fight had Calacanis threatening to replace Friedberg with Brad Gerstner as the 'fifth Beatle.'
  • As moderator he tailors prompts to each co-host: 'science' for Friedberg (the 'Sultan of Science'), political 'red meat' for Sacks, and market 'alley-oops' for Chamath.
  • He borrowed the 'Okay' interruption technique from Sam Harris and uses a finger-circle 'wrap it up' gesture to manage monologuers.
  • Calacanis notes Colorado just passed (122) legalizing therapist-supervised psychedelics, and publicly discusses psychedelic potential for the first time.

Recommended in this episode

Books, products and media the guest or host genuinely endorsed here — with the buy link.

Affiliate link — we may earn a commission at no extra cost to you.

RecommendedBook

The Checklist Manifesto

Atul Gawande

“there's this book, The Checklist Manifesto, you and I are obsessed with, probably part of our kinship” — Jason Calacanis 00:02:19
Find it on Amazon
RecommendedMedia

The Random Show

Tim Ferriss (inferred)

“If I see Random Show, that's just like, I snap that immediately, when The Random Show comes up in my feed” — Jason Calacanis 01:00:53
Find it on Amazon
Guest’s ownBook

Angel

Jason Calacanis

“is Sequoia Capital's first scout and is the author of the book Angel” — Tim Ferriss 00:00:13
Find it on Amazon
Guest’s ownMedia

This Week in Startups

Jason Calacanis

“He also hosts two podcasts, we're going to talk quite a bit about, This Week in Startups and All-In” — Tim Ferriss 00:00:13
Find it on Amazon
Guest’s ownMedia

All-In

Jason Calacanis (inferred)

“He also hosts two podcasts, we're going to talk quite a bit about, This Week in Startups and All-In” — Tim Ferriss 00:00:13
Find it on Amazon
RecommendedMedia

The McLaughlin Group

“It was the best Sunday morning political show of all time, The McLaughlin Group” — Jason Calacanis 01:03:39
Find it on Amazon
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Red Scare

“the Red Scare podcast is hilarious and Dasha always says, 'Oh, what's on the docket?'” — Jason Calacanis 01:24:00
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RecommendedProduct

Signal

Signal (inferred)

“Signal is desktop and mobile now. Yeah, it's pretty great. And it's not owned by the Russians” — Jason Calacanis 01:25:07
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RecommendedMedia

The Bret Easton Ellis Podcast

Bret Easton Ellis (inferred)

“another podcast I like is the guy who wrote Less Than Zero and American Psycho, Bret Easton Ellis” — Jason Calacanis 01:40:22
Find it on Amazon
Guest’s ownBook

The 4-Hour Workweek

Tim Ferriss

“this 4-Hour Workweek goes from — you got paid nothing for that book and then all of a sudden” — Jason Calacanis 00:21:20
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RecommendedProduct

Tesla Model Y

Tesla (inferred)

“I actually, I drive a Model Y and I prefer that to the Plaid” — Jason Calacanis 01:45:41
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