{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Your Odds Change The Moment You Take Action| Sanjay Manandhar","description":"Most of us check the odds before we try something big. MIT-trained engineer and serial founder Sanjay Manandhar, author of The Why Not Advantage, says that\u2019s the wrong number to look at. A statistic describes the crowd, not you. At 16, Sanjay applied to US schools from Kathmandu. He needed a full scholarship and airfare, and his friends asked if he was nuts. In this conversation, he shares the formula he uses to rewrite his odds, what a Nobel Prize winner\u2019s 40 years of persistence teaches about timing, and why your odds change the moment you take action. In this episode, you\u2019ll learn: Why \u201cprobability does not exist,\u201d and the difference between the crowd\u2019s odds and your personal odds The BPCA formula (Belief x Preparation x Context x Action), and why a zero in any one variable takes your odds to zero The variable people underestimate most, and why the hardest negotiation is the one with yourself What Katalin Karik\u00f3\u2019s path to the Nobel Prize reveals about preparing for the moment context turns in your favor \u201cActivation energy\u201d: why progress feels stuck right before a breakthrough, and how to push through Why any action beats overthinking when you\u2019re stuck, even if it isn\u2019t the perfect move How to keep your conviction without falling into confirmation bias or following the crowd, with lessons from the dot-com bubble and Theranos The deathbed test and the five-year test: two tools to decide what to do this week About Sanjay Manandhar: Sanjay Manandhar is a serial technology entrepreneur, mentor, and author of The Why Not Advantage: How Small Probabilities Create Outsized Outcomes. Originally from Nepal, he is an MIT-trained engineer. In 1994, he helped bring the internet to Nepal, and he has since founded and led multiple technology companies. He lives in Cambridge, MA, and loves trekking and motorbiking. Connect with Sanjay: Book and author site: https:\/\/sanjaymanandhar.com\/ LinkedIn: https:\/\/www.linkedin.com\/in\/sanjaymanandhar The Why Not Advantage is available on Amazon in paperback, Kindle, and audiobook. Mentioned in this episode: Bruno de Finetti, Italian mathematician Katalin Karik\u00f3, Nobel laureate and mRNA vaccine pioneer Bronnie Ware, The Top Five Regrets of the Dying Know someone usure of which path to follow? Send them this episode.   Quotes from Sanjay: \u201cYour odds change in your favor the moment you take action.\u201d \u201cYou don\u2019t get to run your venture 1,000 times or your career move 1,000 times. You have one chance, maybe two.\u201d \u201cNegotiating with a counterparty is hard. The harder part is actually negotiating with yourself.\u201d   Chapters: 00:00 Agency, and why the odds you\u2019re quoted aren\u2019t your odds 01:17 \u201cIf you think of it, do it\u201d: his mother\u2019s advice about time 05:01 One talk to 60 people that led to an $80M startup 08:07 \u201cProbability does not exist\u201d: the idea behind the book 10:39 The BPCA formula: why one zero sinks your odds 13:11 The Nobel winner who waited 40 years for her moment 18:05 The variable people underestimate most 19:55 Survivorship bias: is beating the odds just luck? 23:29 Why almost everyone who starts a marathon finishes 26:04 Activation energy: why water won\u2019t boil at 99.5\u00b0C 30:13 Overthinking? Any action beats the perfect action 34:00 Conviction vs. the crowd: lessons from bubbles and Theranos 39:07 The deathbed test: what you\u2019ll regret not doing   ","author_name":"Speak Your Mind Unapologetically Podcast","author_url":"https:\/\/speakyourmindnow.libsyn.com\/","html":"