Brought to you by AG1 all-in-one nutritional supplement https://drinkag1.com/tim and Helix Sleep premium mattresses https://helixsleep.com/tim Resourcess from this episode: https://tim.blog/2023/08/24/david-and-daniil-liberman/ David Liberman and Daniil Liberman are visionary entrepreneurs and investors with a close partnership spanning 16 years. They gained valuable experience at Snap, contributing to projects involving avatars, bitmoji, animation, and product operations. They are currently based in Los Angeles, where their primary focus is on building Product Science, a service dedicated to optimizing mobile apps. Moreover, the Liberman brothers have established The Libermans Company, referred to as a People Company. Through their commitment to the Founders Pledge, they have allocated all future earnings and economic value for the next three decades to LibermansCo, including founder shares of Product Science and potential returns from future investments. Please enjoy! 00:00 Intro 00:15 Childhood. 03:21 The influence of scientist parents on curious kids. 06:36 The perils of pursuing anti-corruption innovation in post-Soviet Russia. 12:28 Building a business with cables and crossbows. 18:14 Lessons learned by bankrupting a gaming studio. 25:14 Moscow-style investment recovery. 26:53 A lucky break in the darkness of debt. 27:58 Streamlining production through decentralization, parallelization, and a DJ connection. 31:01 When playing the fools is the smart move. 36:34 Coming to America. 40:33 Building momentum with animation in Los Angeles. 42:22 Divorce lawyer power dynamics. 43:15 Another unforeseen financial hurdle. 45:30 To Silicon Valley and nonprofit transparency. 49:01 How are David and Daniil able to pivot between different ideas so quickly? 55:30 The formation, advantages, and drawbacks of the Liberman hive mind. 1:05:43 Separation pros and cons. 1:07:38 How does external romance fit into this arrangement? 1:10:53 The Dalai Lama, Jerry Murdock, and Snap. 1:19:05 Reversing Snapchat’s 2018 decline by adapting to data and fixing real problems. 1:28:22 Applying principles of compound growth to life. 1:34:27 How working with family has helped with logistics. 1:38:46 The value of interdisciplinary synthesis. 1:48:26 How the Libermans might teach people to code. 1:56:23 A data-driven look at our current financial crisis. 2:09:24 What’s the Liberman solution? 2:12:10 Incentivizing adoption of such a solution. 2:16:31 A real-world test. 2:20:32 Who/what makes for a good investment in this model? 2:26:38 Do we reduce or elevate the potential for success by minimizing suffering? 2:35:26 How to invest in people (and why you should). 2:46:22 Parting thoughts. Connect with Daniil and David Liberman Instagram: https://www.instagram.com/libermans/ YouTube: https://www.youtube.com/@DaLiberman Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 900 million downloads and been selected for “Best of Apple Podcasts” three years running. Sign up for "5-Bullet Friday" (Tim's free weekly email newsletter): https://go.tim.blog/5-bullet-friday-yt/ Follow the Tim Ferriss Podcast: https://tim.blog/podcast/ Visit the Tim Ferriss Blog: https://tim.blog/ Follow Tim Ferriss on Twitter: https://twitter.com/tferriss/ Follow Tim Ferriss on Instagram: https://www.instagram.com/timferriss/ Like Tim Ferriss on Facebook: https://www.facebook.com/TimFerriss/