Jason Calacanis has built a front-row seat to the future of technology

And all of that's predicated on just doing well and don't get too many things on this permanent record. Turns out there's no permanent record, spoiler alert. But just do well enough to get into a good college and everything will be fine. What they didn't tell them was when we went to college it was 5 or $10,000 a year in tuition. So you could get out of college with 25 to 50k on the high end of debt. I graduated with I think 7 or 8,000 in debt. My first job when I was working in IT was 60,000 a year. So if you were to look at my pay as a function of that, that's good bank back then, actually was pretty great. Yeah, I was in IT, but it was maybe 15% of my yearly salary was my total tuition. Now people are graduating from college. They're also making 60,000 and that's 30 years later. They're making 60,000 but their debt might be 250,000. So they have four times as much debt as their yearly salaries as opposed to 15%. And that has led to them maybe not believing in entrepreneurship, not believing in capitalism even. And we've got to reverse that. And if you go to certain states in our union, just Texas, where I live now, in Austin, Florida, Nevada, they make plenty of homes. But I lived in three great cities my whole life: Brooklyn, New York, Brooklyn, Manhattan, Los Angeles, and San Francisco, the Bay Area. And those places, you can never build a new building.

And that one simple thing has, I think, broken that generation or those two things, education and housing. And if we can fix those two things, healthcare as well, we need some innovation. But those things could all be innovated away and I believe they will be with robotics and human robotics and other tech. You and I have done a lot of Austin ventures. We all work hard. It was a different era.

Yeah, I always think about time to first customer. So, Peter Thiel has zero to one. I like zero to $1. So, how quickly can you get a customer to pay you for a product? And it used to be when we first got into the industry in the '90s, you would raise three or four or $5 million for 40% of your company and two years later you release your product. Maybe if you were fast it took you 18 months. Well then cloud computing, mobile, GitHub, and all this technology brought it down. Just renting a desk for $250k you could release an app and it would take you 6 months. Now people can while they're working at their existing job or they're at college use Lovable or Cursor or Grok or codex and not even being a developer build a prototype that's functional, email 10 people, get two of them to put their credit card in, and have a customer. So zero to customer went from 18 months to 6 months to 3 months to 3 days. And we're now seeing people with three or four people in their company getting to a million dollars in revenue. That was, you know, typically 10 or 20 people in your company. So the efficiency means we can try more things, but the prerequisite is you have to be just a rugged individual. You have to have self-reliance. And we don't teach grit, self-reliance. Those are things you earn. And to earn self-reliance and grit, you have to do hard things. And being an entrepreneur is one of those really hard things. I've been doing Silicon Angle the Cube now seven, this is my 17th year, doing amazing, and we've just started a new brand NYC Wire which combines second capital market, explain to people why technology is the market you can get massive gains if the company is thought of from the bottom up as a technology company. It's embedded in everything the same way electricity was added. You kind of added electricity to a business, you added the combustion engine, but now the businesses are just made like that from the beginning.