Jeremy Howard: evaluation

Transcript context

…That's awesome. And it's great to hear, you do such a great job educating that a lot of times you're not telling your own story, you know? So I love this conversation. And the other thing before we jump into Fast.AI, actually, a lot of people that I know, they run across a new architecture and whatnot, they're like, I got to start a company and raise a bunch of money and do all of this stuff. And say, you were like, I want everybody to have access to this. Why was that the case for you? Was it because you already had a successful venture in like FastMail and you were more interested in that? What was the reasoning? It's a really good question. So I guess the answer is yes, that's the reason why. So when I was a teenager, I thought it would be really cool to like have my own company. You know, I didn't know the word startup. I didn't know the word entrepreneur. I didn't know the word VC. And I didn't really know what any of those things were really until after we started Kaggle, to be honest. Even the way it started to what we now call startups. I just thought they were just small businesses. You know, they were just companies. So yeah, so those two companies were FastMail and Optimal Decisions. FastMail was the first kind of synchronized email provider for non-businesses. So something you can get your same email at home, on your laptop, at work, on your phone, whatever. And then Optimal Decisions invented a new approach to insurance pricing. Something called profit-optimized insurance pricing. So I saw both of those companies, you know, after 10 years. And at that point, I had achieved the thing that as a teenager I had wanted to do. You know, it took a lot longer than it should have because I spent way longer in management consulting than I should have because I got caught up in that stupid rat race. But, you know, eventually I got there and I remember my mom saying to me, you must be so proud. You know, because she remembered my dream. She's like, you've done it. And I kind of reflected and I was like, I'm not proud at all. You know, like people quite liked FastMail. You know, it's quite nice to have synchronized email. It probably would have happened anyway. Yeah, I'm certainly not proud that I've helped some insurance companies suck more money out of their customers. Yeah, no, I'm not proud. You know, it's actually, I haven't really helped the world very much. You know, maybe in the insurance case I've made it a little bit worse. I don't know. So, yeah, I was determined to not waste more years of my life doing things, working hard to do things which I could not be reasonably sure would have a lot of value. So, you know, I took some time off. I wasn't sure if I'd ever work again, actually. I didn't particularly want to, because it felt like, yeah, it felt like such a disappointment. And, but, you know, and I didn't need to. I had enough money. Like, I wasn't super rich, but I had enough money. I didn't need to work. And I certainly recognized that amongst the other people I knew who had enough money that they didn't need to work, they all worked ridiculously hard, you know, and constantly put themselves in extremely stressful situations. And I thought, I don't want to be one of those idiots who's tied to, you know, buying a bigger plane than the next guy or whatever. You know, Kaggle came along and I mainly kind of did that just because it was fun and interesting to hang out with interesting people. o, you know, buying a bigger plane than the next guy or whatever. You know, Kaggle came along and I mainly kind of did that just because it was fun and interesting to hang out with interesting people. But, you know, with Fast.ai in particular, you know, Rachel and I had a very explicit, you know, long series of conversations over a long period of time about like, well, how can we be the most helpful to society as a whole, and particularly to those people who maybe need more help, you know? And so we definitely saw the world going in a potentially pretty dystopian direction if the world's most powerful technology was controlled by a small group of elites. So we thought, yeah, we should focus on trying to help that not happen. You know, sadly, it looks like it still is likely to happen. But I mean, I feel like we've helped make it a little bit less likely. So we've done our bit.…

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