{"success":true,"count":4,"items":[{"videoId":"cpTqYOiJcfQ","chunkIndex":0,"totalChunks":4,"title":"They Made $0 for 4 Years. 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If there's one thing people know about markets, I really hope they know that [music] if they want to know anything about the future, it is the best way to get a correct unbiased forecast.","startTime":748.48,"endTime":764.43,"durationSeconds":16,"level":"C1","overallScore":8,"rationale":"강한 주장과 문형이 함께 돋보임."},{"segmentIndex":38,"text":"So as a company the only choice we had if we believe that we were right on the law, if we believe that this should exist in society is to sue our own regulator, which is what we did. 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And that's why when people are putting money where their mouth is, when they're actually putting money behind their convictions, that's why you get the best forecast because people at the end of the day are incentivized to make money.","startTime":14.04,"endTime":23.28,"durationSeconds":9,"level":"B2","overallScore":8.8,"rationale":"인센티브 원리를 설득력 있게 설명."},{"segmentIndex":81,"text":">> Yeah, I definitely remember the moment and when we were first really deciding whether to start a company and how to start it, this moment was very foundational because this was the time when as a company we decided to define [music] one of the most important principles of the company, which is we're going to do everything regulatory first.","startTime":577.2,"endTime":590.44,"durationSeconds":13,"level":"C1","overallScore":8.8,"rationale":"회사 원칙을 제시하는 핵심 통찰."},{"segmentIndex":7,"text":"[music] >> Talk is cheap. 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You're just going to have to change the way you're approaching things, and then hope that over a long period of [music] time, if you're doing the right thing, it's going to work out.","startTime":349.92,"endTime":358.48,"durationSeconds":9,"level":"B2","overallScore":8,"rationale":"장기적 태도와 실행 원칙이 분명함."},{"segmentIndex":54,"text":"And so, for example, when people wanted to hedge against Trump winning the 2016 election, there was this thing called the Trump trade that Wall Street bought a lot of, and it was basically shorting the S&P on [music] the week of the election.","startTime":383.919,"endTime":394.04,"durationSeconds":10,"level":"C1","overallScore":8,"rationale":"구체적 사례로 문제를 선명히 보여줌."},{"segmentIndex":55,"text":"And that was really bad trade because people were right about their prediction, so Trump won, but then they lost money.","startTime":394.04,"endTime":399.12,"durationSeconds":5,"level":"B2","overallScore":7.6,"rationale":"예측 적중과 수익 실패의 역설 제시."},{"segmentIndex":57,"text":"Maybe you could build a financial market that actually answers these yes or no questions about whether important events are going to happen or not.","startTime":402.6,"endTime":408.76,"durationSeconds":6,"level":"B2","overallScore":7.8,"rationale":"사업 아이디어를 명확히 정의함."},{"segmentIndex":58,"text":"Because if you could build that market, it would be a much more precise and direct way for people to get the exposure that they really wanted, which is whether an event was going to happen.","startTime":408.76,"endTime":416.32,"durationSeconds":8,"level":"C1","overallScore":8,"rationale":"가치 제안을 논리적으로 설명함."},{"segmentIndex":72,"text":"And I think when Jeff got that, he realized we were very serious about this. He was like,\"These people, yes, they want to build product and commit committed to it, but they understand that there's a long regulatory journey they're going to have to take and they're probably going to be able to balance those two things together.\"","startTime":519.88,"endTime":531.68,"durationSeconds":12,"level":"C1","overallScore":8,"rationale":"진정성과 전략 균형에 대한 통찰."},{"segmentIndex":82,"text":"We're not going to launch, we're not going to market, we're not going to build product, we're not going to do anything up until we figure out the most important thing for [music] the company to exist, which is how do we","startTime":590.44,"endTime":600.44,"durationSeconds":10,"level":"C1","overallScore":8,"rationale":"우선순위 원칙이 분명한 문장."},{"segmentIndex":17,"text":"We love this idea that markets can bring more truth and more objective conversation to a lot of our most important questions.","startTime":695.12,"endTime":701.36,"durationSeconds":6,"level":"B2","overallScore":7.6,"rationale":"시장 기능에 대한 관점 제시가 강함."},{"segmentIndex":21,"text":"What prediction markets do is that they kind of like take away the noise and you can really look at a like forecast that's come from millions of people putting money on the line and putting money where their mouth is to really see, I believe this is going to happen.","startTime":724.04,"endTime":734.72,"durationSeconds":11,"level":"C1","overallScore":8.2,"rationale":"시장 기능 설명과 표현 밀도가 높음."},{"segmentIndex":23,"text":"So, even if people are not trading on the markets, actually the most important part of these markets is the single point of data, the price that comes from these markets, which can benefit anyone.","startTime":739.72,"endTime":748.48,"durationSeconds":9,"level":"C1","overallScore":8,"rationale":"핵심 가치 요약이 매우 선명함."},{"segmentIndex":24,"text":"And I think that's the most important. If there's one thing people know about markets, I really hope they know that [music] if they want to know anything about the future, it is the best way to get a correct unbiased forecast.","startTime":748.48,"endTime":764.43,"durationSeconds":16,"level":"C1","overallScore":8,"rationale":"강한 주장과 문형이 함께 돋보임."},{"segmentIndex":38,"text":"So as a company the only choice we had if we believe that we were right on the law, if we believe that this should exist in society is to sue our own regulator, which is what we did. 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And that's why when people are putting money where their mouth is, when they're actually putting money behind their convictions, that's why you get the best forecast because people at the end of the day are incentivized to make money.","startTime":14.04,"endTime":23.28,"durationSeconds":9,"level":"B2","overallScore":8.8,"rationale":"인센티브 원리를 설득력 있게 설명."},{"segmentIndex":81,"text":">> Yeah, I definitely remember the moment and when we were first really deciding whether to start a company and how to start it, this moment was very foundational because this was the time when as a company we decided to define [music] one of the most important principles of the company, which is we're going to do everything regulatory first.","startTime":577.2,"endTime":590.44,"durationSeconds":13,"level":"C1","overallScore":8.8,"rationale":"회사 원칙을 제시하는 핵심 통찰."},{"segmentIndex":7,"text":"[music] >> Talk is cheap. 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He was like,\"These people, yes, they want to build product and commit committed to it, but they understand that there's a long regulatory journey they're going to have to take and they're probably going to be able to balance those two things together.\"","startTime":519.88,"endTime":531.68,"durationSeconds":12,"level":"C1","overallScore":8,"rationale":"진정성과 전략 균형에 대한 통찰."},{"segmentIndex":82,"text":"We're not going to launch, we're not going to market, we're not going to build product, we're not going to do anything up until we figure out the most important thing for [music] the company to exist, which is how do we","startTime":590.44,"endTime":600.44,"durationSeconds":10,"level":"C1","overallScore":8,"rationale":"우선순위 원칙이 분명한 문장."},{"segmentIndex":17,"text":"We love this idea that markets can bring more truth and more objective conversation to a lot of our most important questions.","startTime":695.12,"endTime":701.36,"durationSeconds":6,"level":"B2","overallScore":7.6,"rationale":"시장 기능에 대한 관점 제시가 강함."},{"segmentIndex":21,"text":"What prediction markets do is that they kind of like take away the noise and you can really look at a like forecast that's come from millions of people putting money on the line and putting money where their mouth is to really see, I believe this is going to happen.","startTime":724.04,"endTime":734.72,"durationSeconds":11,"level":"C1","overallScore":8.2,"rationale":"시장 기능 설명과 표현 밀도가 높음."},{"segmentIndex":23,"text":"So, even if people are not trading on the markets, actually the most important part of these markets is the single point of data, the price that comes from these markets, which can benefit anyone.","startTime":739.72,"endTime":748.48,"durationSeconds":9,"level":"C1","overallScore":8,"rationale":"핵심 가치 요약이 매우 선명함."},{"segmentIndex":24,"text":"And I think that's the most important. 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It was a very difficult decision.","startTime":840.36,"endTime":848.64,"durationSeconds":8,"level":"C1","overallScore":8,"rationale":"결정 논리와 긴장감이 모두 강함."},{"segmentIndex":57,"text":"You get frustration after frustration and no and disappointment after disappointment, but then all of these are counterbalanced by these very short moments where [music] you get big wins.","startTime":966.76,"endTime":975.2,"durationSeconds":8,"level":"C1","overallScore":8,"rationale":"창업의 리듬을 압축한 통찰 문장."},{"segmentIndex":64,"text":"So, it's the government, it's the lawsuit, it's this and that. But it was one of the first times that actually it was fully in our hands how big it was going to be and if we were going to win or not.","startTime":1007.08,"endTime":1015.68,"durationSeconds":9,"level":"B2","overallScore":7.8,"rationale":"통제 가능성의 의미를 잘 드러냄."}],"generatedAt":"2026-06-24T23:51:13.736Z","keyClipsTotalSec":664},{"videoId":"cpTqYOiJcfQ","chunkIndex":3,"totalChunks":4,"title":"They Made $0 for 4 Years. 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