#173 Yancey Strickler on Why It's Time to Re-Evaluate the Economy | Impact Theory

On this episode of Impact Theory with Tom Bilyeu, Kickstarter co-founder Yancey Stickler argues that capitalism is good but incomplete, and that we need to expand our definition of self-interest. He shares the story of Kickstarter’s founding and explains why they became a public benefit corporation, describes his philosophy of Bentoism, and details the path to self-coherence.  SHOW NOTES:  Yancey tells the story of how he became an entrepreneur [1:23] Yancey explains that they never wanted to sell Kickstarter [5:48] Yancey describes the reasoning behind a public benefit corporation [9:08] What happens when values become central instead of being a passive guardrail [11:51] Being obsessed with financial growth leads to an existential crisis [13:30] Financial value is important, but it’s better to optimize for other values [16:52] Tom and Yancey discuss how recent the prioritization of financial optimization is [19:31] Stakeholder capitalism means you make decisions based on everyone involved [23:16] Yancey describes his intellectual path to bentoism [28:29] What does it mean to be “self-coherent?” [35:51] Yancey’s grid of “now me,” “now us”, “future me”, and “future us” is his life user interface [41:41] How do you deal with internal conflicts in Bentoism? [43:27] Yancey wants to expand our definition of self-interest [48:03] This episode is brought to you by: Impact Theory University: university.impacttheory.com Skillshare: Explore your creativity at skillshare.com/impacttheory for 2 free months of Premium Membership. Audible: Get 1 credit to pick any title and 2 Audible Originals from a monthly selection. Visit audible.com/impact or text IMPACT to 500-500 FOLLOW:  WEBSITE: ystrickler.com  BENTOISM: bentoism.org INSTAGRAM: https://bit.ly/3fXSUZ0  TWITTER: https://bit.ly/2ThOVwI  Are You Ready for EXTRA Impact? If you’re ready to find true fulfillment, strengthen your focus, and ignite your true potential, the Impact Theory subscription was created just for you. Want to transform your health, sharpen your mindset, improve your relationship, or conquer the business world? This is your epicenter of greatness.  This is not for the faint of heart. This is for those who dare to learn obsessively, every day, day after day. Subscription Benefits: Unlock the gates to a treasure trove of wisdom from inspiring guests like Andrew Huberman, Mel Robbins, Hal Elrod, Matthew McConaughey, and many, many, more New episodes delivered ad-free Exclusive access to Tom’s AMAs, keynote speeches, and suggestions from his personal reading list You’ll also get access to an 5 additional podcasts with hundreds of archived Impact Theory episodes, meticulously curated into themed playlists covering health, mindset, business, relationships, and more: Legendary Mindset: Mindset & Self-Improvement Money Mindset: Business & Finance Relationship Theory: Relationships Health Theory: Mental & Physical Health Power Ups: Weekly Doses of Short Motivational Quotes  Subscribe on Apple Podcasts: https://apple.co/3PCvJaz Subscribe on all other platforms (Google Podcasts, Spotify, Castro, Downcast, Overcast, Pocket Casts, Podcast Addict, Podcast Republic, Podkicker, and more) : https://impacttheorynetwork.supercast.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices