Common Founder Issue
I tend to believe that the best founders are going to start something no matter what. The feeling of putting something new and amazing into the world and having their ideas touch lots and lots of people is what motivates these folks. And during tough times - like the downturn in SF during the financial crisis - the people that remained are “the true inevitable company-builders…they were going to be entrepreneurs no matter what.” My personal experience has been that this deep-seated drive is what gets the best founders through the (inevitable) grind of a new venture that almost always lasts 12-24 months.

Sidenote: Here's a great YC article on the characteristics of startup founders. They say, "there is a certain type of person who only works at their peak capacity when there is no predictable path to follow, the odds of success are low, and they have to take personal responsibility for failure (the opposite of most jobs at a large company)."

Context
At this point in the video/podcast, Jason is asking Chris about when he started angel investing during the financial crisis.

Get Right To The Point
To get right to the point, go to minute 20:38 of this video/podcast.

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Thanks to these folks for helping us all learn faster
Chris Sacca (@sacca) of Lowercase Capital (@Lowercase)
Tony Hawk (@tonyhawk)
This Week In Startups (@TWistartups )
Jason Calacanis (@jason)
Jacqui Deegan (@jacqKD)
Jacob Beemer (@jacobbeemer)
WISTIA (@wistia)
LeadGenius (@LeadGenius)

Please let me and others know what you think about this topic
Email me privately at dave@switchyards.com or let's discuss publicly at @davempayne.