This conversation explores the rise and fall of Theranos, the credibility of visionary leaders, the influence of media, and the changing landscape of entrepreneurship. The discussion highlights the importance of cohorts and the role they play in determining the success and viability of companies. It also delves into the impact of education and elitism in the entrepreneurial world. The conversation concludes with insights into the passion for problem-solving and the enjoyment derived from helping others. In this conversation, Seth Yakatan shares his insights on various topics related to entrepreneurship and venture capital. He discusses the importance of investing in the right cohorts and avoiding projects that are part of saturated cohorts. He also expresses his concerns about the rapid advancement of AI and robotics, emphasizing the importance of human empathy. Seth highlights the value of building a personal brand on LinkedIn and the benefits it can bring in terms of networking and business opportunities. He also points out common mistakes made by young entrepreneurs and shares his perspective on going public and the consequences it entails. Lastly, Seth challenges the notion that entrepreneurship can be taught, suggesting that it is an innate quality rather than a learned skill.TakeawaysThe failure of Theranos highlights the dangers of believing in visionary leaders without questioning their claims and ensuring the validity of their technology.Media plays a significant role in shaping public perception and can contribute to the rise and fall of high-valuation companies.The credibility of Forbes and similar publications may be questioned due to their association with individuals and companies that later turn out to be fraudulent.The entrepreneurial landscape has evolved over the years, with increased access to capital and a larger pool of entrepreneurs, making it more competitive.Cohorts are important in assessing the viability and fundability of companies, and understanding where a company stands within its cohort can provide valuable insights. Investing in the right cohorts is crucial for success in entrepreneurship and venture capital.The rapid advancement of AI and robotics raises concerns about the loss of human empathy and the potential risks to humanity.Building a personal brand on LinkedIn can be a valuable tool for networking and creating business opportunities.Common mistakes made by young entrepreneurs include forcing outcomes, not listening to feedback, and using inaccurate comparable valuations.Going public can provide access to capital and liquidity, but it also comes with the challenges of managing public expectations and quarterly earnings.Entrepreneurship may be an innate quality that cannot be taught, and success often depends on the ability to sell and navigate the entrepreneurial landscape.Chapters00:00 Introduction and Background00:38 The Story of Theranos04:03 The Failure of Theranos06:14 Belief in Visionary Leaders09:05 Credibility of Forbes and Media Influence11:25 The Rise and Fall of High-Valuation Companies18:55 The Role of Education and Elitism in Entrepreneurship24:43 Passion for Helping and Problem Solving32:55 The Changing Landscape of Entrepreneurship37:20 Understanding Cohorts and Innovation43:27 Investing in Cohorts44:23 The Importance and Nebulousness of AI45:03 Concerns about AI and Robotics49:38 Building a Personal Brand on LinkedIn54:09 Mistakes Young Entrepreneurs Make59:58 Going Public: Reasons and Consequences01:08:42 Contrarian View on Connect with Mudassir ? YouTube Channel - @prodcircleHQ ? Twitter - https://twitter.com/ProdcircleHQ? Instagram - https://instagram.com/prodcirclehq? Website - https://prodcircle.com/? Linkedin - https://www.linkedin.com/in/mudassir-mustafa/