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How To Run Down A Dream

This episode explores Bill Gurley's Running Down a Dream, which profiles individuals who achieved their dream careers through obsessive preparation and authentic passion. The book examines Sam Hinkie's journey from Bain Capital analyst to NBA general manager to VC...

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Key Takeaways
  1. 01

    Sam Hinkie read Moneyball in two days and it crystallized his dream of becoming a sports GM using data analytics

  2. 02

    Bill Gurley's five principles: find immense passion, hone your craft obsessively, develop mentors, embrace peer relationships, pay it forward

  3. 03

    "You cannot fake passion. Someone else that really loves that job will outrun you" - Bill Gurley on career authenticity

  4. 04

    Danny Meyer went from $125,000 salary to negative income, paying $500/month to work in European restaurants to master his craft

  5. 05

    Bob Dylan hitchhiked 1,200 miles from Minneapolis to New York with just a guitar, suitcase, and $10 to chase performers

  6. 06

    Sam Hinkie named his VC firm '87 Capital' after Means of Ascent, where 87 votes determined vastly different life outcomes

  7. 07

    "Information's freely available. You now have zero excuse for not being the most knowledgeable person in any subject" - Bill Gurley

  8. 08

    Bobby Knight spent his first five years befriending top basketball minds, studying coaches across multiple sports including swimming

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This episode explores Bill Gurley's Running Down a Dream, which profiles individuals who achieved their dream careers through obsessive preparation and authentic passion. The book examines Sam Hinkie's journey from Bain Capital analyst to NBA general manager to VC founder, alongside legendary figures like basketball coach Bobby Knight, musician Bob Dylan, and restaurateur Danny Meyer.

Sam Hinkie's story begins in small-town Oklahoma, where his love for numbers and exponential growth led him to finance at University of Oklahoma, then to Bain Capital as their first OU hire. After reading Michael Lewis's Moneyball in two days, Hinkie quit his lucrative consulting job to pursue his dream of becoming a sports GM using data analytics.

The episode traces Hinkie's methodical approach: Stanford MBA with sports management focus, unpaid NFL internships during spring break, building relationships with analytics pioneers like Billy Beane. His path led through the Houston Rockets' front office to becoming Philadelphia 76ers GM at 35, eventually founding 87 Capital - named after a pivotal moment in Robert Caro's Means of Ascent where 87 votes changed Lyndon Johnson's destiny.

The Moneyball Moment That Changed Everything

Sam Hinkie's career pivot began when he read Moneyball in two days, becoming obsessed with Billy Beane's data-driven approach to building competitive teams on limited budgets.

At a Bain Capital lunch, when mentors asked analysts their dream job, Hinkie said 'sports GM' - the first time he verbalized this goal, though colleagues laughed at him.

Theo Epstein's 2002 hiring as Boston Red Sox GM at age 28, emphasizing advanced analytics, validated Hinkie's belief that data could revolutionize sports management.

Despite his parents thinking he was 'crazy,' Hinkie quit his lucrative Bain job to pursue his sports management dream through Stanford business school.

The Obsessive Pursuit of Basketball Analytics

At Stanford, Hinkie took his first sports management class and relentlessly pursued Parag Murathoff, a former Bain analyst working with the 49ers, asking '200 questions' over burritos.

Instead of spring break vacations, Hinkie went on a 'road show' visiting 5-6 NFL teams on Southwest Airlines, pitching his value proposition: 'You have a limited pile of chips and need to turn it into wins.'

During his Houston Texans internship, Hinkie built draft evaluation software demonstrating how 'a mid-second round pick is often half as valuable as a first round pick, but at 10% of the cost.'

Hinkie learned that success required 'not just analysis, but earning the right to influence stakeholders' - convincing coaches to listen to data-driven insights.

From Dream Job to Dream Lost to True Calling

At 27, Hinkie joined the Houston Rockets as special assistant to the GM, sleeping on an inflatable mattress while working 6am to midnight daily.

The Rockets became the first NBA franchise with a GM dedicated to advanced statistical analysis when Daryl Morey was promoted, with Hinkie as the league's youngest VP.

Hinkie's first Philadelphia 76ers interview 'did not go well' - he was 'aggressive in ways that surprised them,' leading him to decline the initial offer.

After his predictions about Philadelphia's season came true, the 76ers owners returned, hiring Hinkie as GM at 35 - exactly 10 years after telling his parents his dream.

Following his controversial tenure and departure from the 76ers, Hinkie founded 87 Capital in 2020, named after Means of Ascent where 87 votes determined Johnson's Senate victory.

Hinkie describes his VC work as his true calling: 'I'm surrounded by people that are really bright and curious, and I'm curious about them' - a world with 'infinite wins.'

Bill Gurley's Five Principles for Dream Careers

Find your passion: 'Pick a profession in which you have a deep personal interest. You cannot fake passion. Someone else that really loves that job will outrun you.'

Hone your craft obsessively: 'Information's freely available. You now have zero excuse for not being the most knowledgeable person in any subject you want.'

Develop mentors in your field: Bob Dylan hitchhiked 1,200 miles with just $10 to meet Woody Guthrie, while Bobby Knight befriended five top basketball minds in his first five years.

Embrace peer relationships: 'Always share best practices and don't worry about proprietary knowledge. It is not a zero-sum game.'

Pay it forward: Bobby Knight learned from Pete Newell to 'never hold anything back,' later mentoring Coach K who eventually surpassed Knight's career wins record.

The Obsessive Study Habits of Dream Achievers

Danny Meyer, featured in Setting the Table, went from $125,000 salary to paying $500/month to work in European restaurants, calling it 'the best work ever as a student.'

Before opening a barbecue restaurant, Meyer traveled Texas eating at every barbecue place, then North Carolina where he 'tasted 14 variations of chopped pork' studying texture and sauce differences.

Bob Dylan, as described in his autobiography Chronicles, became a 'musical expeditionary' - spending months in record store booths studying every folk album when he had no money.

Bobby Knight filled out 74 index cards diagramming plays, then sat on Pete Newell's floor asking him to work through each one: 'Strive to know more than anyone else about your craft.'

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