What Did I Spend My Money On After Selling Twitch and Investing
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- čas přidán 31. 05. 2024
- Everyone always asked me what I spent my money on after I sold Twitch to Amazon. I'm here with my Goat Capital partner, Robin Chan, to talk about what we spend our money and also how we think about investing. Watch to hear the full story!
Also, we were filming in Miami, so apologies for the sound quality! Going to invest in some lav mics.
Follow Robin here: / robinchan
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I'm Justin Kan and I've been through the ups and downs in the startup world. I started Justin.tv, which morphed into Twitch and sold it to Amazon for almost $1 billion, became a partner at Y Combinator, and now I'm investing at my venture capital firm, Goat Capital, and working on my podcast, The Quest. Now, I want to share my stories, startup advice, throwback stories, life advice, behind-the-scenes content and what helped me achieve happiness here on CZcams.
If you liked this video, don't forget to bang that like button and SUBSCRIBE for new videos EVERY Thursday!
Questions? Reach out to jen@justinkan.com.
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Edited by Allen Pascua and Jen Lee ( / backseatvc )
#JustinKan #Investing #VentureCapital
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Comment what you would use the $1000 for!
bro i have a cool idea.
Hi Justin, I’d give it to my Father who has researched ways to grow microalgae (for biofuels, soil rejuvenation and bioplastics) very cheaply in Malaysia.
Hey Justin! If I won I would use the money to help pay my student loans! I hope to pay them off soon so I can invest like you! Love how we have the same name, keep up the great vids 🙌🏻
I'd use it to buy myself a new computer for college as mine is currently falling apart.
Buy video gear and upload a reaction video to this video. That way I won’t be able to procrastinate YT anymore.
1999 I worked at a movie theatre when I was a kid 16 yo and was talking to the security guard there. I commented on the cool Porsche in the parking lot and the security guard said that it was his car. He told me he sold his factory and businesses, retired with millions, travelled the world, bought the coolest shit and then got bored. He enjoyed working a regular job and talking to people like me instead of sitting in his big mansion bored. And yes it was his car he let me sit in it and turn it on
Damn
Same thing here, my high school teacher said it day one, he didn’t do it for the money he had plenty of rentals and owned a construction company years before. He said he had so much free time he got bored and chose teaching and mentoring a hobby
@@christopherviteri3603 that sounds like a beautiful life
This is something I thought I would do, even after I got rich. Just code somewhere, because that is what I like doing..
Rich people usually dress casual and don't need to impress.
BTW I am about the same age as you.
Smart things to buy from now: good wireless lavalier microphone.
LMAO, TRUE
Sanken COS-11 and some lectrosonics 200 series 201 or 211 receivers are the best lav investments... mixing into a sound devices 442... put it all in a bag and you have movie level quality... with analogue "warmth". A scheops boom mic or Sennheiser mkh60 would also due.
@@matthewbryant2972 wow this is so expensive! this is professional equipment.
Justin can't afford it... or does he? :D
Ahahahhaha so good !!
Amen
This is like watching Silicon Valley show but with real life stories. This channel is the real deal
Love these raw conversations/discussions!
I invested all my money in apples before they were a fruit. I got in just at the right time. Now you can crunch in an apple all over the world and I smile every time
Prophet
I invested in figs and thanks to your apples (and a nefarious snake) everyone's buying my fig leaves to cover up with. Two thumbs up!
@@davidpatterson6939 Disrupting the sin industry. Noice.
Money Isn't Everything... Unless You Don't Have It, And Then Yeah, It's Everything
That pretty much sums it up
“Having money isn't everything, not having it is.”
Once your basic needs are met it’s not that great!
@@Jamess I would argue you need a little extra money for things like vacations, which are beyond basic needs but very much enriching to life.
So it’s basically never the right amount 😪
Thanks for making, as a currently small tech start-up funder, I find it inspirational.
Keep these type of videos coming where you guys just sit and talk about investing and what’s been interesting you recently in life in general. Really awesome insight and knowledge gained and entertaining!
How Other Millionaires Spend Money: watches, stores, etc
Justin: PIGS
Food is life
I like how hes like "They weren't very economical - we fed them pecans."
Justin, the point of pigs is that tey'll eat anything, pork is cheap because they're probably feeding their pigs literal garbage. I don't even eat pecans because they're expensive.
@@Jesse-um1pz lol such a good point
And a pig house
@@Jesse-um1pz Chickens are a good one to get also. They are about like pigs and eat damn near anything. S/N: Ughhh I want Pecans now haha
When you're so successful that money doesn't buy you happiness anymore, the only thing that can bring you happiness is more YT subs.
😳😳😳🤣🤣🤣🤣🤣
Love how you're sharing this! You are living the life man!
That is a beautiful attitude, looking forward to hearing from you again
I respect that he attributed the investment find to luck instead of pride. He’s in tune.
wrr
The goal for me isn't money... the goal is to spend my days as I wish.
what would you spend your days doing?
Same here
Money helps a lot with that goal
Same. I just want to move to Hawaii and learn to surf.
All facts.
Love the content. Humble to the ground and valuable advice. I would genuinely probably treat the money as seed and invest into another smaller business who probably needs the money more than I do. Paying it forward is the way to keep the wider community side of business going
Thanks for sharing your story, Justin.
Kan: Spending money gets boring.
Me: I want to get bored.
Yep.
Great to see someone who doesn’t preach materialism and that money is the source of happiness! Thanks Justin.
Almost every successful person preaches that lol
@@kylejoyce haha exactly
That's definitely my thing lol
@@JustinKanTV hahahaha
You’re my favorite founder
Always love the content, Justin!
thankful for your insights!
Investing and learning in the people around you - Not just "showing up" when they're successful. The mutual respect you both share for each other is the "sweet tea" takeaway for me. Lived experience counts for a lot and the friendships that go deeper than the "fluff" are everything; particularly today. Kudos to you both; Justin and Robin. Let's crack the new "roaring 20's" with a lift and these types of honest conversations. MONEY WILL NOT BUY YOU HAPPINESS. Period
He seems so humble and down to earth. #inspirational
Really interesting video! Thanks Justin!
Been following your for quite awhile now, thanks for such a wonderful video!
Loving Robin's mindset of being lucky. That mindset helps me stay grounded and continue building! Thanks for the candid conversation Justin and Robin!
They complimented each other pretty well.
Was relaxing to listen to
Love how some people stay offline, create awesome things, become successful, and only then make their online presence to help others!
Tons of people doing the opposite these days!
Haha so true they go online bragging how successful they are then start selling causes...
Love the videos Justin, really inspiring.
Awesome video men! Thank you!
Two of the most humble (Down to Earth) wealthy guys Ive ever listened to. I feel like I can grab a beer and just chat with these guys… not just about finance and entrepreneurship, but about life.
Vast majority of rich people are like this. The every day people you see on the streets are rich. Some people think that rich people are these different breed of humans but they aren’t. This can close so many doors in life for people.
wr
An entrepreneur pursues creating and developing something unique or tries to make a product profitable, and you guys were lucky enough to succeed in both. Best advice that I heard was that you need a heart to accommodate the people around you.
Super insightful. Thanks Justin!
Love this humble guy!
I love the stories Justin tells everytime it's so entertaining 😃
Thanks for sharing your perspective :) I feel privileged to be able to hear your thoughts and private discussions in a time that we can't travel or hustle to meet successful entrepreneurs in events for inspiring stories. I would love to know more about how your friends that did not get successful felt when you announced your exit?
love hearing stories like this! Always wondered what you bought after you sold twitch
What an absolute gem of a human being, chan is so humble
So glad I came across you. Listening to the Quest podcast every time I work out. Justin, you are a true inspiration for me man. Keep what you are doing! Much love!
Justin is a smart man. After getting 100m, still buying investment properties
Just found these guys. Really like the vibes these guys have. My son loves twitch and wants to be a youtuber/gamer. He just asked for the valve index,which happens to be on sale. Glad to see the people behind that are so down to earth.
This channel is AWESOME! Love the insight and transparency! I Definitely SUBSCRIBED!!
Awesome video! Thanks for making this!
Loved the format and down to earth approach .. thank for all the tips ...
Why is this so cute? Love their friendship no matter where they are in life!
Robin is the smartest man to ever be alive. All those companies
Thanks, going to tell him that lol
This popped up on my recommended hella fast
This man invented twitch, just wait for him 1 Million subscibers. He knows the algo
Love the transparent content Justin!
Love the videos Justin pls vlog it will make all of our days!
Dope vid, subbed
"Thank you for letting us invest, gives us a reason to have a job." Justin Kan 2021
Will look for you when we are looking for investors!
Thanks for making this content Justin:) I appreciate you keeping it real
Very insightful, Thank you Justin 🙂
Just found your CZcams channel! As someone who is self-driven and goal-oriented, I love how honest and real your videos are 😊
Stfu
When he was calculating pigs cost, he was considering them meat (200 pounds of meat for 2k)....great way to invest :D
Thanks for the advice!
Chillin in a beach condo sharing your story, great stuff. Subbed
I love that you drop these types of videos Justin to change the mindset of many young people instead of focusing on expenses speaking on topics like mental health, negotiations and how to navigate the venture capital/ entrepreneurial land. I think most people can reach retirement financially free, just depends on what your expectation of retirement is. Keep up the work brother 💪🏼🔥👏🏽
Absolutely!
Thanks for the interesting video Justin. To be honest, the multi-billion dollar evaluations of companies that basically just exist on servers gives me the impression that heavy investors are intense gamblers amongst each other more than visionaries. Do you have any friends from the industrials or commodities sectors? I would fascinated to know how investors behave when they are investing in heavy machinery and production.
Love your insight and brutal honesty
Very nice insight. Thanks!
i live in jamaica.. i'd just give half of the money to my family and use the other half to invest in something that would help me reach my goal
Makes sense, when you run out of things to spend on. You invest in ideas that change the world 🌎
enjoyed watching it, thanks for the content!
Love your video Justin, thank you for sharing your knowledge
How to get started with startup(5k view)
How i am living after selling my startup(500k view)
Enjoy the end result more then the process.
Money does make you happy if you don't have it, but when you have it of course it is not going to make you happy.
“Having money isn't everything, not having it is.”
@@justinkan4070 scam
@@giftapfel -kanye west
it makes you happy for a time but if you're happiness entirely relaid on the fact you got money ultimately it won't last long
Money buys freedom and freedom can definitely make you happy if you understand what fuels your flame
Been following you for a while. thanks for starting this channel.
Great advice 👍 speaking from experience
the editing is interesting lmao, the euros was shown in USD, 1500 USD shown as 15,000, and the audio is killing my ears. I love u anyways Justin thnx for inspiring us, I just wanted to give u a hard time
We tried 🤷🏻♀️
@@JustinKanTV is this the best Way To get in contact with you or is there a better way, we have an startup idea
@@ollesoderlund260 a startup idea isn’t enough, you need the product or at least an approximation of this. I doubt you’ll get a response from CZcams comments. You’d need to go to an event he’s at
@@ollesoderlund260 imagine being justin and replying to every comment like this...
@@JustinKanTV do or do not. there is no try
I would probably invest in TSMC stocks or AMD stocks.
why not nvida
Amd is still undervalued.
What an inspiration!! It gives me hope to keep going
Amazing talk! Just subscribed. 💪
2:50
Robin: I bought my first business class ticket for $1500.
Editor: $15,000
edit: To be fair, knowing that you can take an Etihad Airways Residence flight from New York-Abu Dhabi for $64,000, the editor was probably correct!
I think he meant 15000. Because 1500 is too low for business class.
@@a.koomson $1500 is a little low for business class, but you could charter a seat on a private jet for $15,000.
@@alexmchugh8082 Actually having looked it up, $15,000 is easily within the bounds of what a truly first class experience can cost. You can take an Etihad Airways Residence flight from New York-Abu Dhabi for $64,000
@@thelogoshow1895 Yeah, that's not business class though? You picked the most expensive commercial seat in the world. If you look up the average cost of a business class flight, it is right around $1500-2000.
@@alexmchugh8082 business class for $1500-2000 ? For which flights and what distance ? For international flights/long haul, you can easily spend $4000-$10000 for a business class on a decent airline.
Robin is a big-time energy guy. Karma, Tao, Mana, he's about it
Robin is such a chill and likable guy
Great vid, subbed!
The first thing I would do is give some money to my parents
Yup
$1000 would go straight to my PG& E bill for running the AC all day today.
LoL
Watching justin's videos I get real motivated.
I'll take the 1 in 877 chance of getting that cash for my start-up clothing brand for sho!
love yah content Justin, you've helped me a tone on my journey this year!
Yes, I can somewhat comprehend that money doesn't necessarily mean happiness. However, for a uni student, 1000$ is 1000$ :>>
Me: What did you spend your money on?
Justin: Drip...
Amazing video, great advise!!
Right on, Robin!
Still drinking Kirkland water, humble (not saying Robin isn't).
What sense does that make? Wtf does water have to do with personality
@@shine7228 isn’t crazy how people are so brainwashed by brands selling the same shit 😂
@@shine7228 Not water, the brand. The brand decides where it comes from. Brand choice is usually made in regards to a person’s way of thinking or lifestyle. If someone’s rich, it’s safe to assume that their quality of life becomes higher, and so does the quality of food and water. Kirkland is the cheapest consumer water brand out there and their water is purified, not spring water. Yes, I chose to make the assumption that this guy, who is nearly a billionaire, is still humble enough to drink purified water - which can come from straight ground water seeping through concrete, disinfected, filtered and bottled - and does not care about judgement from viewers. Same reason why Warren Buffet used to drive his old caddy, because he is humble. Do ya get it now? If you understand the lifestyle of multimillionaires, most will probably revolt at the option of Kirkland water - or an old used car (still runs and drives, right?. And if you drink enough water, you’ll know that all purified water tastes funny. HE’S EITHER HUMBLE ENOUGH TO KEEP DRINKING IT OR HE CAN’T TASTE THE DIFFERENCE. I THINK IT’S THE FIRST. Thanks for coming to my TED talk, my guy
@@JorMFge brooo drink more water, it’s not all the same, but yea most brands do, that’s just private labeling
I love my water, coffee, and La Croix
3:00 I would first rent a dope airbnb for 30 days. Maybe some new clothes and start to build a nice healthy lifestyle. Settle then look to invest right and help others.
Start the healthy lifestyle now. It can lead to great things.
@@ljunderground Already have been for years, especially diet. But I imagine it's far easier with your own place, not worrying about money longevity , ability to do more hobbies and a quite place to sleep. Live next to a major road. noisy as f**k.
Living legend and inspiration. Much love and thank you for all the free information 💖
Thank you for your comment,❤️ endeavor to write as soon for more enlightenment or tips
+_1_9_1_4_4_5_8_7_0_ 0_4_
(W,,,H,, A,,,T,,,S,,A,,P,,P)
here because I discovered twitch in 2020, such an interesting platform, so thankful for you guys inventing it and your perspectives on other channels 🙏
Lol ☝️ also not just commenting for money. Legit comment 🙏
I wonder if you still remember what it’s like to struggle and pay bills or decide if you can afford to buy groceries for the week.
Maybe money doesn't make you happy, but $1000 would definitely make my life as a student easier 😅
I made around 15-20k a month last year on my sid gig(my passion)z Still worked my security guard job and still do (35k a year) and I’m happy. No because the money, because I’m doing what I enjoy
I like how this video went from investment advice to a bromance heart to heart.
To answer your question, I'd probably use that 1000 to put toward LSAT prep or helping my buddy open his barber shop lol.
Dude this video was Epic. 👍
2:53 He has so much money he casually ads or removes zeros
Has that $1000 ship already sailed? i could change my life with a 1/4 of that.
How? :)
Whats up Kan! Exec all Day hope all is well, at the end of the day it's the experience & memories!!
Glad to hear some straight up shit, definitely sending you guys my deck... Big vision coming
@@justi9174 lol I'm not sure what you mean? I was responding positively to the video, I appreciated the real talk and do wanna reach out.. and it's not crypto related lol
Saving your money and investing it into stock market will be the wisest thing to do to ensure success
Totally agree it is by far the easiest to access and does not involve physical labor.
Share your personal success stories
ACCURATELY SPOKEN BITCOIN INVESTMENT ESPECIALLY IS REALLY PROFITABLE NOWADAYS
@@sabinelehner6084 This could be the wisest word I've heard you got my points
Bit-coin is the most profitable invest-ment online if only you trade with a professional bro-ker
lol I think I'd rather just have a chat with you instead of 1k if i win XD
Totally.. a 15 min zoom with Justin even; would be much more valuable than 1K
Been watching a few of ya vids, cool to see that despite being a baller materially in the end its the non material stuff that gives purpose. Looking forward to ya next vid 😎
love y'all as both partners and friends