My guest this week is Alex Danco. Alex is a member of the Discover Team at Social Capital, has a background in biology, and has written about all things tech and business. While Alex is only 30, it seems like he has spent decades thinking about all the topics that we discuss, from changing business models, to railroads, to the shift from products to functions, and the rise and fall of asset bubbles. I hope you enjoy this wide ranging conversation. For more episodes go to InvestorFieldGuide.com/podcast.Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.Follow Patrick on Twitter at @patrick_oshagShow Notes1:15 - (First Question) – A look at his day job on the discover team2:20 – 40 problems doc4:27 – How companies get on the list and the turnover5:21 – Hardest problem they are looking at…housing11:37 – The investment component that fixes housing15:35 – Where we are in the technology cycle in the view of abundance vs scarcity20:54 – Change in distribution and the business vs utility business idea.28:40 – Bifurcation of small and larger businesses32:48 – New forms of scarcity today38:31 – The trend of massive company incumbency41:07 – The utility of bubbles49:08 – His favorite bubble51:18 – Challenges and nuances of bubbles53:35 – Zero to One Notes on Start-Ups, or How to Build the Future1:02:22 – Future for VC funding in Silicon Valley1:04:07 – Advice for business builders1:08:23 – The Three True Outcomes1:13:04 – His background in biology and innovation in that space that is coming1:19:46 – Company examples that are of interest to him and that encapsulate his way of investing1:24:56 – Kindest thing anyone has done for AlexLearn MoreFor more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclubFollow Patrick on twitter at @patrick_oshag