#173 Yancey Strickler on Why It's Time to Re-Evaluate the Economy | Impact Theory

Published: May 26, 2020, 12:30 p.m.

On this episode of Impact Theory with Tom Bilyeu, Kickstarter co-founder Yancey Stickler argues that capitalism is good but incomplete, and that we need to expand our definition of self-interest. He shares the story of Kickstarter\u2019s founding and explains why they became a public benefit corporation, describes his philosophy of Bentoism, and details the path to self-coherence.\xa0\n\nSHOW NOTES:\xa0\nYancey tells the story of how he became an entrepreneur [1:23] \nYancey explains that they never wanted to sell Kickstarter [5:48] \nYancey describes the reasoning behind a public benefit corporation [9:08] \nWhat happens when values become central instead of being a passive guardrail [11:51] \nBeing obsessed with financial growth leads to an existential crisis [13:30] \nFinancial value is important, but it\u2019s better to optimize for other values [16:52] \nTom and Yancey discuss how recent the prioritization of financial optimization is [19:31] \nStakeholder capitalism means you make decisions based on everyone involved [23:16] \nYancey describes his intellectual path to bentoism [28:29] \nWhat does it mean to be \u201cself-coherent?\u201d [35:51] \nYancey\u2019s grid of \u201cnow me,\u201d \u201cnow us\u201d, \u201cfuture me\u201d, and \u201cfuture us\u201d is his life user interface [41:41] \nHow do you deal with internal conflicts in Bentoism? [43:27] \nYancey wants to expand our definition of self-interest [48:03] \n\nThis episode is brought to you by: \nImpact Theory University: university.impacttheory.com \nSkillshare: Explore your creativity at skillshare.com/impacttheory for 2 free months of Premium Membership. \nAudible: Get 1 credit to pick any title and 2 Audible Originals from a monthly selection. Visit audible.com/impact or text IMPACT to 500-500 \n\nFOLLOW:\xa0\nWEBSITE: ystrickler.com\xa0\nBENTOISM: bentoism.org \nINSTAGRAM: https://bit.ly/3fXSUZ0\xa0\nTWITTER: https://bit.ly/2ThOVwI\xa0\n\nAre You Ready for EXTRA Impact?\nIf you\u2019re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you.\nWant to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.\xa0\nThis is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day.\nSubscription Benefits:\n\nUnlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more\n\nNew episodes delivered ad-free\n\nExclusive access to Tom\u2019s AMAs, keynote speeches, and suggestions from his personal reading list\n\nYou\u2019ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more:\n\n\nLegendary Mindset: Mindset & Self-Improvement\n\n\nMoney Mindset: Business & Finance\n\n\nRelationship Theory: Relationships\n\n\nHealth Theory: Mental & Physical Health\n\n\nPower Ups: Weekly Doses of Short Motivational Quotes\xa0\n\nSubscribe on Apple Podcasts: https://apple.co/3PCvJaz\nSubscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices