Packy McCormick: evaluation

Transcript context

…So you applied to business school and [...] of your LinkedIn profile will note that you do not have an MBA. Walk us through that and what happened? One other thing to add was while I was in finance, I started a company called ThrowGo, which was a terrible name. I bought the site for something else and then I applied it to building this company that essentially took people from New York down to the Jersey Shore and to The Hamptons every weekend. So the party bus ride was so much fun. It paid for my summers. I took it way too seriously and thought that this was going to be my ticket to a great business school. I applied to Stanford, got summarily rejected from GSB, ended up getting into Chicago, had my deposit down. I was going to go and then one I visited, and it was snowing and it was like April or May. I also found a company called Breather on AngelList. I just started a conversation with the founder of Breather where there was no guarantee of even an interview or anything. But I asked Chicago if I could defer, they told me, no, I couldn't defer, your deposit is already in. If it were Harvard or Stanford, they would let me defer, but they know that people might try to say they want to defer so they can go to Harvard or Stanford. They wouldn't let me defer. So I just said, all right, cool, not going to business school. I had already quit my job. I really spent the next four months, I think, in this weird kind of winding interview process just with Breather. We traded pretty actively and made some of the dumbest trades in the history of the world. I think I bought Tesla during that summer at $29 and sold it. I bought Facebook at $19, sold that. I plowed a bunch of Apple options into earnings, which it's just not what you're— You're admitting your mistakes here.…

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