And what the hell that even means... [header-card-min-1] The Network State (and what it has to do with you & me...) [gif idea no text] Hey Contrarians, If you know me, aside from the words âblueâ and âcollar,â the rest of the next sentence will come straight out of left field. I recently spoke to 1,000 crypto technologists at an event in Amsterdam about blue-collaring the ânetwork state.â Today weâll get into WTF that means, why itâs a lot more relevant than you might expect, and what I learned while there. Youâll leave here with a lot to chew on. Before we dive in⦠Itâs a volatile market out there. Not a great time to be at the mercy of an employer. If you want to hear why I believe so strongly in securing futures through business ownership, Iâm hosting a live Masterclass where Iâll break down my 10 steps to buying a business that cashflows. Itâs completely free, so at worst, youâll pick up a trick or two. At best, itâll kickstart your journey to financial freedom. Attendance is limited and filling up fast, so [secure your spot here](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXrs5nXHsW50kH_H6lZ3lmW8bR2Hf6hMxd6Vxm88r12qQ-NW3HSyCm8K8FrhW5xj-Wy4ZLPMSW2cnq7m2CCq6CW5RYc6K2pXL91W2_l0lv2VdHNmN6yDxgVH798PW98Tf6s8Tfwr8W6rQSjh1npNyVW8Nx0x93bnH-7N2pdtcnj0f5FW6d2b9g71CzZ_W5c073V1Brq7ZW4BNVnS4h_WcQN7p_Kf4sSRstW5G1z_Z3L3KCXW33cK-W4HLSKcW16_dnS2kbM-6W4DsmZ61styT8W89CXmB7Hp9LwW857ksN2kGfJ5W8X9RSL5jb6YbW3H38h52FSHNpW3HbT9j674kjkW8C2Ksf21hbk4W936v6N5yJ-TQW6hV1rQ8jTshjW5SyG6-32cbrhN3xTc6p13z5LW3XgWPD8qZ6yBW1Cx-Q457X0xGf6p-7Cn04). [divider-min] Today in 5 minutes or less, youâll learn: âï¸ Blue-collaring the network state, explained âï¸ To own, we need to simplify⦠âï¸ 10 lessons about networking, communities, & our future [divider-min] Blue-collaring the network state, explained A [network state](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXsY3qn9gW7Y8-PT6lZ3pxW3YMRyK4KYf7JW2T_ZPL8JLhRLW6jbdbZ1Gbl1LVlcHr56Rbhd1W1BWkpg1sRNW0VqrpQg4RXr24W8V-BgN53mskBW61FgWD6Ck3KmW2qWs4z2-XTcMVTsLD27ZltPtW41-yz78DKjhSN12-MCq-wmlSW6TdtN58Wtd49W5d_gdS48nT4lW5wL8lK2x_cM6W7n-8xg2dmKSxW5QC5Hh5TCXDtW4xqjzj1ZVJBjW4Q0MlP2W_PdHW2pkKDc33nC_sN5sV_32VtSxxW1KNVrS3Tz_FLW867S4Q3kQZsLW7dd1jG7s0ZbpVrx4Rl5XXlfSW7HkX2W18ty1Vf4T9CWM04) has been defined as, âA country you can start from your computer, a state that recruits like a startup, a nation built from the internet rather than disrupted by it.â American entrepreneur and investor Balaji Srinivasan wrote a book about the idea, and his conference, which I spoke at, centered on the topic. (Srinivasan was the former CTO of Coinbase and a former general partner at Andreesen Horowitz, too.) [Screenshot 2023-11-09 at 6.11.57 PM-min] Okay, but why did he invite Codie âBoring Businessâ Sanchez, best known for investing in laundromats and car washes (that are mostly run by 65-year-olds who probably think âcryptoâ is a Dan Brown book)⦠to speak at a conference about global technological decentralization? How do small business ownership or blue-collar work have anything to do with decentralization and open-sourcing? It may be surprising, but they actually have a lot in common⦠I spent 15 years in investment banking, asset management, and private equity. Finance is an industry heavily centralized on Wall Street, which I was told was where the best go to work for others to make more money than everyone else. But as it turns out, thatâs not always right. Thereâs a clear asymmetric upside potential to business ownership. [Screenshot 2023-11-09 at 6.51.50 AM] Even so, over time Iâve realized âacquisitionsâ have not really been open-sourced at all. You get an expensive degree, work your way up the ranks, and keep secret the lessons you learn, lining your pockets the whole time. Thereâs no âspreading the wealthâ in the form of knowledge. âWhat we do here is get rich quietly,â a private equity CEO once told me. That didnât sit right with me, and itâs why Iâm so public about my work now. My hope is as more humans learn acquisitions, we decentralize business ownership. We cut out the big guys altogether. We become the bank (seller financing), the brokers (referrals), and the PE firms (buyers). So this brings me back to the network state event. If weâre going to achieve a decentralized world, weâll need big brains. But weâll need more than that. Weâll also the business owners, the operators, their dirty fingernails, and their calloused hands. For the technologists and futurists at this conference, itâs how they get the blue-collar world on board thatâs the challenge⦠[divider-min] Together with PRIME Corporate Services [Screen Shot 2023-10-31 at 09.58.17-min](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXtx3qn9gW95jsWP6lZ3lSN948H3nL5CFPW1zgcJL6CV2DWN3d5Yx1TNMHmW8MJqPS2fgb7BW4mrWYZ1x0jn8W1Q37Jd7HzLV6W6Kfy2d29BpwnW96kjpB3HWTKZW4fLSjG3qgJ3TW9lm0rj15T7XRW6C8FtG1h1h0QW1XwQDp475BYmW4WFPDx7fqpzpW7Cg_3J2xq-WgW2v54-r5m55nRW29rKxC3PpY62W2f691p5Nw1WGN4vsT1H8VlZzW5VhWcH2CyCvYW6g1j4Q4jQ0DfW4qMR1s8knLwvW4TvKkV28XbsDW1Dd-vm1jfM8ZW6TMj5L5rr7X4W37f_Mn50xXptN87Y7qPBjp3fW8z1tc88z_pRdVJbLVc6QLj4XN2JxFTp93xM0W7GX-8w6K-w12f5NPhkT04) Itâs not what you make, itâs what you keep. If youâre an entrepreneur, I donât want you to miss out on this complimentary offer from PRIME⦠PRIME is our highly rated, preferred partner in entity formation, having helped 150,000+ owners optimize and structure their bizâs for long-term success and save hundreds of thousands in tax dollars. Their team of lawyers, CPAs, and advisors can help you save loads of money and pain down the road, protect yourself and your business legally, secure funding, and maximize tax savings. Getting on the phone for a free consulting call with them is simply a no-brainer. [Click here to schedule a free strategy session with PRIME now](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXtx3qn9gW95jsWP6lZ3nYW6DBZFl8phxh0W8g2Km93QRkb0W2g6p4k832HXjN93n2L5cjMGYW3tfdKG8G_LYbW3qNd883F32DNW3KVxC-6JdMWTW5r9NvC6Hdv3PW637yhL2NLfR7W2zhdcn8DfFlwVjXFQT2T9hJ8N7f_1r_C8fDPW4XK1zY7MQM8WVz42hX3j9NCRN6Dvk8zmk0pCN1J1CDmmMwDsW2sY_Qc2_gcXXW3KMy7r7R4f4nVh9gC78TP9l-W9gNMp_5kT3dmW3RZfv38HDWtCN8vqJd8by8HYW8sCy9H8dKg6NW911Fx_1PTCCyN5V4gt_vjGFpW4ylxx27v1W-CW3rqxqc3ndCn1W3gl4pY54qbXjW6z92Sy6tkZ7nW4nB1Ff7JkVkjdBp-C804). [divider-min] To own, we need to simplify⦠Iâm a capitalist, to the max. Itâs exactly why I believe so strongly in simplifying acquisitions for the many. At its core, our movement is built around decoding the language of business buying for everyday people, and I think if the network state community wants to succeed, theyâll need to simplify their language, too. The folks at this conference get some hate for their unusual ideas and sometimes complex visions for the future. I can relate. But what if the people who are actually most open to their unusual ideas today, the people who are the most aligned with their beliefs about ownership, are the same people being left behind by them because the ideas are simply out of reach? Iâm talking, of course, about small business owners and the blue-collar world. Take, for example, my small-business-owning parents. Theyâre your prototypical 65-year-olds who play on Main Street. [Screenshot 2023-11-09 at 11.30.40 AM-min] I ran a little experiment with them to prove this point. I had them scroll through a bunch of Twitter accounts related to ânetwork statesâ and had them write down all the words they didnât understand. There were many. [Screenshot 2023-11-09 at 11.30.53 AM-min] Honestly, I think theyâd probably find a lot of ideas in this space interesting, and maybe even relatable or useful. But I think their brains exploded seeing some of this stuff⦠Broadly speaking, whereâs the effort to communicate these ideas to the electricians and plumbers of the world who donât even understand Twitter bios? Or the small business owners who probably value decentralized ownership more than anyone? You canât build a âstateâ without these people, without the blue-collar world. The network state winners will be the ones who communicate their vision and value in simple terms to those who do the real-world building. We use a saying in our investment team: "Do you want to look smart, or do you want to win?" If youâre really smart, you know that the most intelligent people actually speak the simplest and the clearest, not with the most complexity. This will be vital to the network state movement. When people donât understand something, they by and large are fearful of it. To get buy-in on new ideas, you have to explain them clearly. Our biz-buying community at Contrarian Thinking is designed to simplify acquisition. We have a lot of work to do, but over the last 3 years, I think weâve made good progress. We get 100M+ views a month talking about small business buying. Through our educational programs, weâve tracked at least $120M in revenue bought by new business owners. Whether itâs accelerating small business ownership or a decentralized future, you win by keeping things simple. [divider-min] 10 lessons about networking, communities, speaking, and our future Just being AT this conference was an incredible experience. Iâll leave you with my top 10 takeaways here⦠- Your network will either shrink or expand your thinking. In some rooms, you can get away with thinking small. If you feel stuck, find a new room. Take care not to stay confined too long, atrophy starts fast. - Short, simple talks create better ideas. The entire conference demanded 5-10 minute speeches from 40 speakers. The ideas were better without all the fluff and credentialing. Show, donât tell. - The next generation is SMART. I used to be frustrated with my parents for not understanding their phones. Then I began hearing about Kardashev scales, computational breakthroughs, & how to operate a 21st virus filter. Humbling. Weâll be tech-obsolete faster than our parents. - Intelligence does not care about logos. The smartest people you meet (often the richest) do not wear it on their sleeve. Confidence and intelligence wear better. Intelligent people judge based on content, not wrappers. - Free thinkers are rare but easy to spot. Very few people come up with truly novel ideas that make you pause. How you can notice them: Theyâre willing to bat ideas around, and they argue not to âwin,â but to find what is right. Unbounded curiosity... Aspire to this. - Every movement starts with insider language. To create a new vision of the world, you need to define it. I analyzed a group of e/acc accounts and found ~75 words I couldnât define. This shared language allows them to redefine the ways we think about the world. - Divergent thinking stimulates new ideas. The Network Stateâs rapid-fire, disparate talks stimulated new ideas & solutions that a typical linear conference may not have. - The future is here but unevenly distributed. After 1 Network State event, you can see: Charter cities already in effect, parallel establishments across sectors, and open-sourced AI & tech from those who think lifespans will eventually be endless. - Pull the string on government overreach and itâll scare the hell out of you. I spoke to a crypto trader, a VR city simulator, a techno journalist, an AI open-source coder, and a charter city founder. The common thread? Governments do not like when strings that bind you to them are cut. - Countries may look different in 20 years. Iâm a very proud American. But I wonder if that phrase will change for the next generation. Five of ten people I met had 2+ passports. One company discussed passport benefit stacking. No one opened with âWhere are you from?â [divider-min] [about-pigsfly] So not boring... ð For more on blue-collaring the network state, watch my speech [right here](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXtx3qn9gW95jsWP6lZ3ntW4k1dDd7G_HvmW5C6bxS1Jw8kmV2_FYx1j-NYqVyk73M2DBnC6W8lBpY12RdPS0W2DmPgn2P8RTcW1k4gYr2MjYYYW6ntcZQ3fxGvcW4nqY867_gyFSW5NPlrS82tqWDW7LsCmg2J6jbxW3lHWc697WzLsW5h0ggC9m5RVLW59tfzn6hmgxFW4144f-9gNLyhW77yw-64QCPwrW1Zj5kP97B9Q9VfWY2680H8qdW8D1WSC4r-Q0pW8T1twP1LnT8kW2D7FN-3R3-mJW6j75wD1wsh4vW2_G4xz3-XxxcW8BXKJf6Yk9tdN636fW6NmVLbW6V5m5F1Cc95_W1fctSH16KYW0W2nsZ4-24ZStzW269Nsc3zktNWV9RCgt6H1Nzlf3_8Lj-04)... ð¤ Humane released its long-awaited AI Pin, which is [quite literally an AI Pin](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXrs5nXHsW50kH_H6lZ3mkW4S7B8G6Nh_PZW6bg8Yc3McvvtW1tH8yt7cLq42W6fJVyt5Hj7HnW69DfMW14__KnW6DLstF8kcxP0W54gc-H2xnYnQN9m0SrBc0YnnN3pkP_cWRMmLN7-Vvr1ZvsB2W6MGtxx6_8-9VN4bXByryz2zyW3FFgRs2TZfKKW1m_T9M7RkTHMW6nnh-q8cl7zlW8pV1jX3S6sQ0VB6dLn1Wnx8QMCdyHJ7rqZpW4RwTFl4B3Y00W2gdnP137y1FlW6qzC9784nmJrW74SY0857M_7BW7YmPBg53YSQcW24cWNS7k3n2lW70TRG93YNb53W8Q2ttT40tz3XW7YmDQN53wpWQW7YQw1l3KSJzNW8zT1rz17yp2bN6WgN9JQ2Fc2W9lHV0951lKjFVyPy_V6j27ZLf1fqRMC04). ð³ The average credit card balance has topped $6,000, [a 10-year high](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXrM5nXHsW5BWr2F6lZ3lNW3DsPf82Wt6VhW72j0Pc4wPCqBW2t762h8D9YCRN88wJJygBz4sW85xLbB2tSbvtW1JHMG089-cKWW915nRc2PzhD5W1lcvtq1XjfJkN90Jq_zpMpvSW3KL-bp7K8C_8W5jhwn41G_D1bW8CWrYY7DrwV4W8NTckq5BYgCyW19SY2j5GL9zFW3y8HsS7vVyWJW5sxSN04-Vz61W35w5Ys3Fp3nJW92fpkY1g8cL4W6KpYHj4-QZhKW7Zshqw1Rd0rLVGzVS53bDLkzW4v8VQh5SN8WvW9cqynq7D_CYgW6HXPjR9lry83W7-zfmS1KrSVPW4RD0sd4BwTWXW2QZXKj4PJQhRW5QylGG7rvnDMVmF_CT7P03-ZN51RwxMCMDZzW6JZSBG5-DtMyW3HmvmP7n62CHW1BnMMq50ZDdBN3vn9Xxp6_D6f8FHHRM04)... ð¤ In case you missed it: We're raising capital for our [SMB-focused VC fund](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXrs5nXHsW50kH_H6lZ3m9W52sD_04lwHdQN3jCxSDWMJdlW3Tds_d5xWKbXW18RrwM4Vk1_LVQvyy85WftdDW9kXFb_6Fr3_ZW8Bnx5P2STkHMMWVgDjldL0fW2Kk5q72PNCpyW4XQyzd1zzrDTW35Ndjq676jwMW6JhctV1nBLz_W7vLvw_1Xp3lnW67JrDm7zZQpDW2DdVFH6LHLnBW53CV5_5yNb1SW7l7CHw3k4WG1W6WK81S5RYS_QW95BsZQ40X2b6V7DLzs6ZyMHvW3cDFZc47Rp8SW96mvTt28Hv3mW1sPCPp1Rp5QMW5FwKCS4djrLcW4gQ0n_4Dh31pW8QldFR3-smBJW1MXVDc6dCs9fW1qkh86593hTyW6TLCW_8FBDGMW8RMxqn87Bnj0W2JYJdP4YJR6tW68XcsH8P2S1bf6cMHyF04). ð Self-driving cars just hit a bit of [a speed bump](113/d2RjD304/VVDwX54pMwyjW2tq16F3GFcwZW4lQ0X355GYtMN1zSXs25nXHsW69t95C6lZ3l3W77xzQF3Lx0_dW56t7d92jdXrLW5b65T35sxdY6W6ZBN4V9b10QQW48RZqr4VgCXTW8PG28d7HpNhPVx1vTJ36wDN0W5HKVSh8R5lXKW1YbdHy2lRl1nW4RW4C53CttzMW6Yh_G_2q9QFTVSkGpn4n5CxlW4nK6_x69PDzvW4K8Myq4k5llnW8LPVCm7xvX5LN7-YTLJq5ZkcW460DWt1v69gVW4zGDj614qV8yW5QKzQC51SPpvW2l51Wt4DJgYYW9cSrsg2Bjft2W2wrrh05mzkPQW1MK8Q531svn7W8lBFJY6c_wzbVvhzX65mDrDjW2SD4dR3k9mZYN2c_71cRRx1tW2stfKw6qSg69W6dwM3h8-6bdGW8V1jxM38t3FNN66NBFBK8YJPN3cfyD3XZlZTW8ypFT24fGKxsW8dcdB_700mBPN2Qb5H5JnfdXW193_GJ8rv6Nxf4q2mcY04)... 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