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welcome to technology Brothers the most profitable podcast in the world Jord is back in the studio he made it out aive back half his city has burned down half of my city has burned down but we are here recording bringing you the news and
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the breakdowns and we're still on the topic of the fire we're going to do a breakdown on Rick Caruso who a lot of people have been talking about um but first we wanted to do a little unboxing of a starlink I picked up yesterday from
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Best Buy not a lot of people have heard about this device but it is really wild you can get internet almost anywhere in the world yeah and uh we should just set ours up yeah couple hundred bucks and uh yeah it comes with a big long power
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cable I got a power brick too and uh I'm very excited to get this set up I'll definitely be traveling with this because want to get caught lacking without got to stay conect WiFi anywhere um but uh very very cool device I'll
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have to figure out how to put this together but pretty simple you just kind of aim it at the sky and as long as you can see the sky you have so it's interesting I was actually using satellite messaging on the iPhone oh really um I've seen it's interesting so
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the way that it works is if so during starting like 48 hours ago I completely lost cell service power gas Etc basically my neighborhood was totally in the dark so we were trying to figure out what was going on um yeah two
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nights ago uh the fire was really starting to pick up the W this was wind was still picking up and um so yeah that I I've had pretty good success with the iPhone satellite imagery I don't know what the tech is actually based on but if you've never had this happen basically if you lose all cell coverage it'll pop something up that says you want to send messages and you really can't do much you can't send images but you can send text based
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messages and you just have to get outside and it actually has a pretty so I think it's on the older satellite network not the low earth orbit links it's on like one VI web or one web VI's the PG thing one web is the bigger satellites so they're big I think
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they're geostationary in higher orbit so the delay is crazy never do and they give you this little graphic you actually have to like aim your phone in a certain way to try to get the messages out but I'm super but good a pinch yeah
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this is great so yeah I've been recommending that everyone get one of these uh especially if you're a founder doing important work doing deals you never want to be without internet so pick one up and shockingly they were
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still available um and uh elon's giving out a bunch to people that are in affected disaster areas and hopefully keeping people online and communicating I mean it's you know funny to joke about doing deals and just reading posts but
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like having access to the internet if the grid goes down and the yeah I actually didn't have one and really I didn't have also didn't have power yeah you need the battery power this runs wall so you can get a a battery pack that will run this for days so I don't know if you know this but my the house I bought last year was a fire rebuild it had burned to the ground no way literally to the dirt in 2018 and so my entire neighborhood's pretty Savvy
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around fires they sort of used to it and so most people have these gas power generators that just use natural gas yep and so when all the power was cut off everybody was like okay their generators flick on in in 30 seconds and then they
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cut the gas lines for some reason which everybody was like why are they cutting the gas lines they run underground but then it turns out that the gas lines for Western Malibu where where I am run through Eastern Malibu and so we're now
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looking at potentially multiple SoCal Edison the um utilities provider for gas said that they will have to send uh somebody individually to your home every single home in all of in all of Malibu uh to get the gas actually turned back
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on um so we're now looking at probably at least two weeks something like that until and and so no no hot water nobody has gas right now bad day to be a mini bar at a five La yeah yeah exactly um so yeah stayed at stayed at a hotel last
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night which was which was great until we woke up and their HVAC system was pumping the outside air into the house so I woke up I have a sick six-month-old and uh with like some type of respiratory thing and it smelled like
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somebody had been smoking like chain smoking heaters in the room uh for hours so anyways got out of there fames now in in Palace Beres which uh has better did August Doro drop by yeah yeah yeah Augustus it smelled like when we woke up
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in the room it smelled like Augustus Rico had had ripped through four packs in W just grinding just grinding just grinding this is not a co-working space but yeah I actually I mean we we don't need to go into this now but I do think
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that um uh it it in in a world where rain maker can deliver rain anywhere it's going to be extremely valuable because you look at we just lost hundred probably hundreds of billions of dollars worth of damage I don't know what the
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exact number is yet yeah they're throwing around 55 billion right now but that's early estimate early early estimate um and and by the way last night was wild to every body I mean everybody was just hyper fixated on the timeline kind of watching the stuff
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unfold and then the sunset fire popped up and then all these AI generated images of the Hollywood sign people were starting to share that around that that were fake but there was um I mean that looked really bad and and apparently was
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was arson so yeah anyways Dark Times uh but The Show Must Go On so here we are Nikita is advocating for the the the hero we need The Dark Knight Rick Caruso he says uh if you didn't vote even if you didn't vote for Real Estate Tycoon
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Rick Caruso in LA's last mayoral election you're basically a [ __ ] if you don't do it this time since we're going to have to rebuild the entire city 3K likes and Gabby Goldberg said they were morons the first time too for what it's
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worth yeah and uh then Nikita kind of unrelated says I live a block away from Karen Bass the current mayor of La so yesterday's fire in my Canyon was put out in 30 minutes like a baby tonight taking shots at the current may but yeah
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so so I don't know if you remember when the election election night Rick and Karen bass were totally head-to-head yeah election night yeah it seemed like Rick was going to be able to pull it off yep but then um I was at a fundraiser
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event for uh Nathan Hawkman who's a new L that Rick uh was backing and they talked a little bit about the ballot harvesting that the left does in La which they have this like ridiculous ground game where they basically walk
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around it's called fortifying yeah they they walk around with ballots that are pre-filled out and they just you can they walk through homeless encampments and say hey can you please sign this and that's fully legal wow and so as the the
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day after the election and the following days Karen just like had it turned into almost a landslide um so who knows all the details I won't if I had to talk anymore i' throw on the tin foil hat but um we keep either way either way when
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when Rick lost it was many people in the community were pretty devastated because if you go to Rick spaces you look around like if you went if you go to the Palisades Village which is one of you know one of his developments you see like groups of
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children running around by themselves like having fun it's it's it's the kind of environment that I grew up in as a kid in a small town where parents would give their kids and say go go have a nice like evening and you
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could go hang out at the mall you don't see that you don't see that in La at all not at all groups of like 10 10 yearolds running around it just doesn't happen but it still happens on uh properties um yeah he said that he his goal for the
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Grove is like his imagined Avatar is a a mother pushing a stroller with a baby should feel safe at all times yep and the and what that requires is inordinate investment in uh private security they have off-duty LAPD
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officers who uh actually open carry a sidearm they used to be discreet kind of undercover and then they changed this to to show the gun and uh they also have facial recognition cameras license plate scanners a bunch of different technology
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that's all put together and it's hilarious to contrast I was listening to a podcast of him talk about all the technology that they use and how they integrated at the Grove to keep it and then meanwhile Ken bass is doing a press like
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a press junk press conference and and says you can find more information about the fire at URL yeah it's like one of the most insane moments I mean her her pre you know she coming back from Ghana she was not going to have a good time right like
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she was briefed on the fires on Monday decided to stay in Ghana really yeah yeah she was fully brief I mean we knew so so I knew I new Sunday night I'm so trained now that when the Santa Anna winds get really intense that fires are
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coming okay so so we knew our power was going to get shut off Sunday really they were already telling us your power oh yeah you were texting about getting a generator I remember that on hyunday yeah and so de everybody knew this was
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pending she knew this was pending she decides to stay in GH she comes back immediately she's getting off the plane I don't know if you saw this video I was making a joke about it but fully NPC mode you know you're you're
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talking you know some this reporter's talking to her and she's like a legitim reporter I'm pretty BC or something yeah pretending that she's like not hearing it or whatever so obviously you know not a great response there she could have
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showed some amount of empathy saying yeah it's terrible like I'm rushing back happy to be back you know a lot of ways that she could handle that and then and then clearly wasn't even processing what she was reading uh you know we we we do
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a bit of writing and do a bit of newscasting here when we're reading stuff out I think we would notice if it's it's at go to you know go to gr. but it says go to go to URL go to URL check it out let us know what you think it's a true Ron Burgundy
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moment it's bad um but anyways uh yeah and everything so so everything that Caruso represents is what a lot of people wanted for LA right security family environments strong some his his properties are some of the best
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performing from retail standpoint yep in in the country like in the top 5% so he knows how to how to get people places yeah there's the whole like postco Mall apocalypse where there's a lot of empty retail chains not at cruser properties
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yeah and I and I and I you know go to the Palisades Village multiple times a week it's it's fantastic I bring my family there it's it's a really great environment so a lot of people you know the best evidence that he would have
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been a great mayor is being at his properties yeah right and so when when when bass was elected it was devastating in the moment she quickly had um she quickly had her home robbed by criminals yeah you said this and uh she had loose
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guns in her house so they they they the criminals managed to steal guns that were not in safes yeah um so right away that was like a sort of not a great Omen for for her yeah um but I mean that seems kind of cool to just have like
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guns everywhere in your house like without safe like it's cool to lock up your guns if uh does she have like an indoor firing range is she one of those people where you walk in there's the wall of just all the guns American flags
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2A that' be super sick just like oh yeah I got an FFL and I dueling apparently switch on my AK-47 has a chest piece that's just dueling AR15s yeah yeah yeah she's getting like the military hardware there you know you get a fully automatic
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M4 it's like I thought that was military only I like yeah it was till I was got my my firearms dealer license and I can get silencers in California now yeah anyways sad dark um I I wish that uh I wish he was doing a great job um but uh
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unfortunately Rick was was always my guy um we don't we don't discuss Politics on this but he was my guy because he's a phenomenal businessman yes and he has created billions of dollars of value and he has Wonder watch collection he also has a wonderful watch collection um yeah let's go through but let's get into this he was born in 1959 and uh father uh started a small business was a small business owner Dollar Rent AAR yep not not not super
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small um but start it would have started relatively small so his father started as a small business owner was an Italian immigrant uh which he credits to his work ethic so he goes to USC then he uh goes to Pepperdine law school graduates
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becomes a lawyer works at this law firm called Finley kumble and in 1987 I believe that that law firm goes bankrupt yeah which I didn't even know was really possible for a law firm because Services it's a Services business you'd think
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just adjust prices and stuff I don't know how that happened but uh the whole Law Firm explodes collapses his boss he does go on to use debt pretty well so it's possible that the law firm had levered up in some way and that was the
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cause of it the only thing we skipped over think is his mother was a billboard model in her youth which isol because we love ads but it's funny to think about there was just Mo there were billboard models like a model that specifically
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would just model for Billboards it's like I I don't do magazines I I best on a billboard no TV Billboards only um but it makes sense the guy is an absolute stud very handsome you can see um you know maybe in another life he would have
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skipped being a lawyer and real estate developer he could inst if he was born in 2005 he would have been a Tik the broccoli hair and Shilling ag1 yeah um great so he quit his uh so he he trans he he gets out of this Law Firm
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that's collapsing his boss comes in kind of puts a check on his table and says hey the law firm's going bust this is your last check you better cash this today because it might not yeah might not clear tomorrow uh he has always wanted to do real estate he said he was
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doing corporate law didn't really like it saw that it wasn't his uh life's work and so he started a uh real estate development company first deal he does is buying parking lots and he uses his connection with his father at Dollar
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renar to act as the anchor tenant of these working lots this is my opinion on uh on the people in life that that have uh that that have the potential to benefit from nepotism yep I believe it is your duty to to Maxim to to maximally
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utilize that that that that Advantage relationship whatever and so what he did is really smart Rick wanted to buy buildings and uh in real estate if a if if a bank is is going to lend against a property they want to know that there's
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some type of income stream cash flow associated with that property right it's a business that has no tenant in it is not worth the same as as a business that has a 10year lease or 20year lease and so what Rick would do is he would go
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he'd find a place he wanted to buy he would get his dad presumably to write from Dollar Renard to write an Loi saying if you buy this property I will lease it for X number of years Y and so then he would take that Loi to the bank
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and say look I have this great tenant let rent me rent me this you know sell you know help me buy this building and so uh that little bit of alpha uh you know he was able to snowball into a $4 billion Fortune so if you have a dad that owns a small rental car business leverage that uh into accumulating 4 billion dollar it really I mean it really does like it's a perfect encapsulation of what it means to be like a deals guy yeah because I think
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too many people think about the deal as like one way like I just need the the the tenant or I just need the bank and really it's like he is creating almost like an Arbitrage like the bank wants to lend to a parking lot that has a
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relationship with dollar car he's acting as the intermediary there and I mean we've seen this with with the work that we've been doing where um once you start getting deals going on both sides of the equation and you can even view like a
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startup as this where it's like okay there's a amazing AI software developer who's going to join the team if you get you know a venture fund to lead your seed round and you kind of got to play both sides and then the really good
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deals guys can get both of those done match them up and then the value creation starts from there um and the guy's just become a beast I mean he's he's amassed this like in insane portfolio in Southern California The Grove at far actually became so
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interesting enough about the origin he became he's very well known for not selling any of his properties so he's the sole investor in his properties but then he never sells so he just he just benefits from the appreciation and and
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the cash flow um but early on the lots that he would do with his father he did sell those so he used that to basically accumulate the seed Capital that would allow to bigger he doesn't have like a real estate fund where people are trying to
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get out in a certain timeline he's not flipping things he really is in for in it for the long term and you see this with other ret with other uh real estate projects where someone comes in and they pass it on to the next person and that
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next person isn't thinking about the long value creation cycle that's going on um and uh yeah he he has this uh he has this interesting framework for thinking about like how he creates value at a place like the Grove so he says
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that we have customers and then we have guests and the customers are actually the retailers the Apple Store Nordstroms and and uh for a long time an indoor mall was basically you have two anchor clients yeah uh at one end Macy's at one
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end Nordstroms at the other and then and then uh I think they pay nothing like you make essentially no margin off of them and then everyone else in the middle you hopefully fill in and make money off of them and he I think he kind
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of flipped that around and said okay this doesn't make any sense there there's like a much better way to do this uh seeing kind of all the tenants equally as customers and then really focusing on the guest experience and getting them to invest um and he's giving them a phenomenal product which is places that the one commonality that uh you see across his properties is people just really enjoy being at them very simple he's creating an environment
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that's safe that's fun that's clean it's everything that you want a city to be but it's just these sort of micro cities and it's always it's it's always remarkable when he does it because it's like how did they close down this street
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it's so hard like but but once you actually enclose that it just becomes this like wonderful Oasis to walk around in yeah and it's the it's the it's uh what's that Meme it's like the type of mixed use dynamism that people don't
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want you to have walkability that people don't want you to have kuso figured out Mixed use uh walkability he he didn't do uh uh residential at the Grove and everyone was like we want live here and so now he's been doing residential in
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the new project because yeah the Palisades Village I think has some apartments around it um so one thing that's interesting too about you know early on he leveraged his his father's business in order to create you know a
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meaningful business himself which was smart the other thing is that early on when he was doing his first you know development he he even admitted to himself he didn't have the clout to attract coveted retailers like Bristol
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Farms and Barnes & Noble and so what he did is he didn't focus on on the the retail side uh the retailer side he went and focus on the public side he he he did everything he possibly could to make the public uh love what he was doing
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which I think was super important um and we should go through some of his uh tenants of like designing spaces this human centered design focuses on the emotional impact of real world details like height of curbs the crown on streets feeling of open space he says
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quote our minds catch what's real the more real it is the more organic it is the more comfortable you are in that space and you really feel that at the Grove when you're like not tripping over things even like the manhole covers are
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like you know flush and stuff so you're not just like all these little like things that just kind of Jar you out of it don't happen it really does feel like Disneyland Italy he's very inspired by these places um I love his story about
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the The Groves trolley he uh it was built from the ground up people said why the heck are you putting in a trolley it doesn't go anywhere but its purpose was to bring people here to enrich their lives to give them joy and so kids will
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say I want to go ride the trolley my son loves loves trains yeah he basically was thinking of these as creating these almost M mini Disney lands really a destination and the trolley is a crazy story because that needed even though it
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just goes one block it needed to be licensed as a train so we had to go through all the train regulations to get it approved um and so he's been someone who's pushed through all this red tape that also can see the other side of like okay maybe we
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need a more efficient system on the government side to get things done and he joked that uh on a on a number of passengers per mile it is the most productive train in the world because it just moves dozens of people back and
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forth one block and it does more than like the Manhattan train system or something it's very very funny yeah so so uh there's a quote in here that says Rick is extraordinary at reading the market and the consumer in the area that
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he's building something so he had started with a property uh that was called Lake havenhurst which was a which was a development that went um originally went bankrupt uh for that another developer was working on and he took it over and
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one of the things that he notoriously did early on is the the residents were so against the development this was in enino one he he started including them in the process of developing the space so he at one point took uh part of the
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he took residents to go out and start like picking out trees that would go on the property he said you don't I understand if you don't you know want the development but why don't you come with me let's go look at some let's go
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pick out some trees for the property we literally you know paid to to to transport all these people and made them feel included in the design process so basically was making the residence to give you a tech analogy design Partners
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in the development and so he started you know he he everywhere he went he would make these sort of Grassroots movements around working with local HOA leaders working with local residents like he started with the residents which are his
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guests and by making them love what he was doing he was able to attract the uh the customers which he he considers the retailers right because he's not directly monetizing the the guess right yeah there's a bunch of stories about
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him having to do a bunch of deals and build coalitions when in 2011 when he was building the Americana at Brand he went to Nordstrom who I think he already had a relationship with because I I listened to him on the Nordstrom podcast
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which I didn't even know was a podcast great show check it out Nordy pod or something that's some funny name um but uh he wooed Nordstrom away from the Rival Glendale Galleria and will bring the department store to his American at
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Brand shopping in fall of 2013 and there was this big fight with uh General growth which I think owned the uh the Glendale Galleria and they sued and they had a ballot measure to block the building of the American Americana brand
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he got it all through and now he says he's excited to be working with them uh and they have come through their difficulties and the past is the past and there's there's always been this like Dynamic with the Glendale Galleria
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and the Americana brand where some companies like Glen the Glendale Gallery is a little bit cheaper it's an indoor mall and so some businesses if they don't have the right margins they'll move over there and it kind of like
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flows back and forth interestingly Apple actually maintains stores at both because I guess they can just afford that um it's probably like Place interesting his projects all have taken he he made he's made the perfect developments for La which has 300 days a
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year of sunlight so why build these why build these fully indoor malls totally totally um that's one of the reasons the Palisades Village is so nice is you have the benefits you have you have uh St Laurent you have beta Vanetta you have
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all these you know Lululemon you have like all these nice retailers but it's set up in a way where you can walk around out doors and sit on the grass and and I see it every place like uh I mean rudo Drive is like this where it it
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is cool cuz it's like the single Lane you see a lot of cool hyper cars which is honestly awesome but how how much cooler would that be if they shut it shut down a couple blocks of that and you could just walk across at any moment
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uh same thing in Oldtown Pasadena I've been beating the drum of they should shut down that couple blocks in Colorado and make that the same type of cruso style open uh walkability and a lot of cities were experimenting with that
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during Co um because they you know they need more outdoor dining so they kind of moved all onto the street and then people realized like maybe we didn't need those extra 10 parking spaces maybe we should move a little bit further uh I
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think New York just shut down a couple years ago shut down Time Square right so you can walk around constantly and just doing a few of those where they're not going to really throw off the flow of traffic is great or bury the
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streets if you have the ability to tunnel and then people can still drive exactly like they would but you have a bunch of walkable space above it's so it's so him losing the the last election is so devastating because his body of
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work is truly he he's created what do you want a city to do you want it to be highly enjoyable livable safe a a place where Commerce can Thrive and that's what all of his spaces have become y Almost 100% hit rate and uh it wasn't
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enough it wasn't enough proof uh to to to win the election yeah um I liked him on this uh onward fundrise podcast uh they go into more of like the macro side of the finance of real estate investing uh and this is from uh earlier earlier
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this year they were talking about potential recession in 2024 and how much rates had climbed for them from 3% to 6% and for a lot of businesses up in like the 10 11 12 133% um but he goes back to the surviving the SNL The Savings and
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Loan crisis in 2008 uh cruso stresses having enough liquidity to take advantage of opportunities when disruption occur calling it uh being a bit of a warri you've got to get ready for battle uh he says he stresses preparedness over reaction he points out
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that where I see companies getting in trouble is their reactionary emphasizing early anticipation and cutting costs quickly in uncertain times I mean we certainly saw that with startups when svb collapsed and the market and the
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interest rates went went wild and a lot of the VCS pulled back on funding the companies that cut their burn like the same day that YC issued that letter saying hey this is going to be rough they they made it through just fine but
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I I got an investor update from a company that was like we think we're going to have to cut our burn I was like it's been a year since the market collapsed like what doing and then of course they went bankrupt immediately um
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disaster uh but he takes calculated risks it's all his own Capital uh and so there's a hell of a lot more downside than potential upside I don't have investors he said I get the freedom to make decisions I think are best Y and
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after this many decades of of absolutely killing it he clearly has good decision- making ability he talked a little bit about like relationship banking which I thought was pretty interesting um obviously although he owns all the
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equity in his in his properties he still needs to work with banks to secure all sorts of different loans there's construction loans then there's ongoing mortgages on all of the different properties and the and the uh the buildings as well as you know he's going
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to finance stuff out so he has more Capital to work on other things you know it's like a private Equity deal as as the as the business grows you can take more out and then do the next project so he he so he stresses like building
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relationship with Bankers but what he was saying was like it's kind of frustrating because a lot of the bankers like did like bounce around from bank to bank and so it's very hard to like like you you really have to have strong
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coverage across like an entire banking sector and then more recently he mentioned that um he was actually he changed one of his financing strategies and went out to Wall Street because you can go to a bank for financing or you
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can do uh mortgage back security and and and take it to Wall Street uh and and that just has has different cost of capital different process but obviously opens up a new like liquidity window for the company uh so that was exciting um
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and and he was talking about how he's it was funny somebody was saying like oh yeah like can you explain like uh some of the more complex like derivatives and instruments that you might use because um a big question was like if you locked
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your interest rate in uh 20022 right 3% you were great and your business was just fantastic um not every was offering fixed rates at the time but with derivatives you could actually synthetically lock your interest rate
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right with uh that's been the challenge for the last couple years the commercial real estate market is most people were using this variable rate Deb thinking that interest rates will stay low forever and and then all of your profit
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goes awayes in months but yeah they they were talking about these like Arcane financial instruments and and the and the interviewer was kind of like oh like can you explain some of these he's like I don't really use them I don't really
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understand them like I just focus on the guest experience and I think it's like more of a pure play he's more conservative and I I think that makesense yeah and he's not trying to be a financial engineer Financial engineer
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otherwise I'm sure he would have sold a lot of his projects at different points and also like like it's it's it's a little less sexy than like oh he's like this genius Trader who has all these like crazy plans to to to make money and
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and pull money out of thin air um but if I think about like who how do I want the government like I don't really want doing fancy stuff I want someone conservative just okay what's the revenue what are the costs what's driving value in the city let's keep it
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simple let's actually grow this thing um so he talks a little bit about um his decision to run for mayor with a successful real estate Empire and fulfilling Family Life many question why he would step into politics he explains
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it's the city that I love I believe you're given the ability to help others you go and do it uh his top priorities are highlighting uh home homelessness crime and government corruption as the city's biggest challenges homelessness
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is absolutely fixable crime is running rampant and public service should be about service for others not for yourself his leadership approach he aims to replicate his track record of collaboration results saying I want to
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be mayor for everybody let's make it a little bit nicer cleaner better life for everyone yeah I one thing I've always been impressed with every time you hear this guy talk whether it was talking to reporters on TV the last 48 hour
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we're at this fundraiser that I saw him at recently he there's not a single word that's out of place he can go sit in front of a group of hundreds of people and speak totally off the cuff and it and it and it sounds like he had a had a
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speech writer yeah so this guy is just a true true true professional um and if I were to you know really one of those uh types of entrepreneurs that if I'm sure if he went into the Venture world and went into Tech he could have
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been wildly successful yep um but uh chose to focus on his local community and and play a very specific game and do it at the highest possible level so um next time you're in La go support a Caruso The Grove became one of the Region's top attractions with about 20
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million visitors in the immediate pre-pandemic years edging out Disneyland more foic yeah bigger than Disneyland that's that's insane crazy I don't even possible I don't know it's in this LA Times article for him it's it's just
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that balance of ridiculous Charisma yeah long-term thinking playing his own game right not doing the investor thing not hyper financializing what he was doing yeah and then using early on in his career using the advantages that he had
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which was which was which was um you know a relationship with his with his father's business so combination of those all those things is an incredible man and I I remember after the last election it was the the word on the
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street was that he wasn't interested in running again but I do think there's going to be so much pressure totally on him now not pressure but just people saying like Please do this right um because I would love to see Los Angeles
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run by our our guy Rick Caruso so he's also donated a lot of money uh he has a family Foundation he's donated to Loyal High School brenwood school law schools University of Southern California you know we don't typically uh sell
34:27
celebrate giving money away here but I hope it brought him a lot of happiness I guess yeah um but he's been uh recognized by uh Pepperdine and the Los Angeles Business Journal and ernston young and uh had a very successful
34:42
family life with uh four children and a wife that he's been married to for 37 years or something like that you know the one one of the critiques during the election was that he was a fake Democrat oh yeah that was basically the number
34:54
one critique is he was historically Republican yep or was independent at some point then was during um I guess uh you know whatever and it's such a good example of how about we don't judge people at all based on their political
35:08
party affiliation and just judge them purely on their their work and his resume is these incredible developments that people of all political backgrounds love being at yeah he really is like founder mode person generally you can
35:23
tell he owns 100% of his companies he never sells he builds these things manages for a very long time clearly runs through walls to get stuff done does things that people think are impossible closes streets and like really changes the landscape but winds
35:36
up creating a like a great product that he's clearly happy with and so are the the guests and the customers yeah you can tell he's creating the product for himself yeah which is awesome expressing his taste crazy taste it's great so
35:51
hopefully we'll be tracking that the election is in 2026 theen bass is already on the campaign Trail is her Instagram shows that she's she's campaigning already um I wonder why is it that fun being there I don't know yeah I think maybe you know
36:08
after uh we'll see we'll see how big this story gets and how how big theun to redeem herself it's just if you're speaking publicly get the URL right yeah and pretty simple please Instagram video YouTube video we want a tour of your be
36:24
going she needs to be going direct honestly Karen Vass needs to it would be so different if she was just like yeah I can't do anything about the fires but like here are my top five guns from 2024 you know I recommend the new Glock get a get an AR-15 go to Arley they're local yeah you know one of the few gun stores in in Los Angeles uh you know and then get a sniper rifle too yeah maybe shotgun full load out full load out you look like cod Lobby
36:57
Cod Lobby in the mayor in the mayor she does have an opportunity to win back a lot of Voters by by doing that yeah the the big 2A voters in Los Angeles huge block honestly it's increasing it's increasing but slowly I mean Adam Cara
37:13
had that whole take that like this is gonna Flip This is Gonna flip California or La Red so I did you watch video I I think it I think it is I think it is totally possible yeah it is a crazy crazy M we're getting on the edge here we're getting
37:29
Ed it's not our Forte we like to focus on business technology okay and capital allocation let's move into a question that we got from a listener uh Azie says interesting how much coverage the Palisades fire is getting compared to
37:44
Hurricane Helen Helen so far was far more devastating 124 to 250 billion in Damages for Helen versus 55 billion for Palisades 246 deaths for Helen versus at least five for Palisades 126k damaged uh homes damaged versus I'm sure a few
38:04
thousand in La uh what are your thoughts he asks so what do you think about that coverage Helen versus yeah Palisades fires I I wasn't actually familiar so he's correct I I I I paid far less attention to that oh you don't cons like
38:21
it was it was like the Democrats like caused it or something or the Republicans caused it just wasn't I wasn't focused on it because CU this fire has been in literally in my backyard yeah and uh many many many friends and and you know
38:38
business like relationships have been affected by it yep the other um so yeah the damage for Helen was devastating South Carolina and North Carolina both had 50ish billion dollars worth of damage like ridiculous amount of damage
38:51
way more deaths yep it's very dark sad there's still a bunch of people missing um but anytime time you have a a disaster strike the epicenter of media and entertainment where it's the highest you know this is the highest density of
39:08
people with huge audiences in the world totally so obviously there's going to be a lot of coverage on it Y and then for us again living miles from the epicenter yeah it it obviously is going to be top of mind so I also wonder if there's
39:24
something to the actual like visual nature of of this type of disaster like with a fire you can go up in a helicopter and film it you can't film a hurricane having a destroying a single house like it's very very hard to be out
39:40
there because you'll get blown around it happens every once in a while and then you look at the satellite map of it spinning and you're like okay that looks bad but it's very different when you see a drone shot of the Palisades it's
39:51
flattened yeah the fire the fires are fires are growing up in California being through a number of fires it was really nasty in Santa Barbara during the the woy fire area there's been really devastating fires in wine country where I grew up um I I think the
40:11
unpredictability of fires where it doesn't even you could be 10 miles from where Wildfire is Raging and then an ember lands and it starts another one there's also quite a lot of um just like Poe behavior that Springs up where people start
40:27
um people just start looting houses because people evacuated and and so you can there's people around the perimeter of these fires it also has this like crazy power law outcome where it's like either your house burns down and you're
40:42
destroyed or your house is totally fine yeah right whereas like I feel like with the hurricane it's like everyone deals with a little bit of flooding then there's houses that get blown down and destroyed and like and it's more of like
40:54
a gradient of like every h house but it's like all over whereas this it was a lot more of like oh there's a fire over there everyone's got to leave and move and stuff and it's no and so yesterday I'm I'm in Western Malibu the fire
41:08
really devastated Eastern Malibu and the Palisades but we were already starting to pack up because we had no power gas Etc uh and then a fire popped up out of nowhere like half a mile from my house and so I'm looking at this watch Duty
41:24
app that everybody's using and there and it's like oh it's 2 acres and now it's 5 acres and then I'm getting videos from my neighbors and I don't know it's also it's also is one one thing I would call out is like the the you know Keith uh I
41:39
don't know are you buddies with Keith I've never met him anyways really really good guy um sort of tech adjacent because he's done some tech investing had a had a real estate tech tech company but he mostly is a real estate invester he posted which what I thought was a very fair ask which was hey my house is about to burn down are there any sort of private firefighting resources that that I can hire yep um and uh and got you know went Mega viral
42:05
got Mega cancelled um and uh thought it was like a very fair ass like if you look at the way he phrased the message it wasn't like hey any off-duty firefighters want to come you know my house instead of someone else abandon
42:21
your post it's like private firefighting just like private security is is an industry insur bries drama yearses the Hidden Hills area and there was a private fire brigade that descended on Hidden Hills because it's like a billion dollars property value
42:44
they don't want to lose that right so anyways I just think um uh Keith is a is a great guy and and obviously didn't have any bad intentions with that and sort of sort of unfortunate that people far away from the action decided to have
42:59
an opinion when it was a very fair request it does seem like he killed and it didn't work by the way his house burned to the ground so like yeah insane Bravo to everybody dunking on him yeah he did uh just a little like comm's
43:12
advice he did a pretty good job of mitigating the cancellation like the the hatred I think by I think he locked his account or like deactivated his account and everyone's like oh he deleted his account but really like you can turn it
43:23
on in a few days and it would be fine but what that does is it's stops the quote tweets and so anyone who quote tweeted you if you're getting canceled this has happened to me when I talked about how I'm going to move to Alaska
43:35
and take it over and make it a tech Mecca and everyone in Alaska said they would kill me um I'm not kidding they they were like dming me pictures of their guns being like [ __ ] like you wouldn't last a day up here you you
43:46
Californian Cali boy I was like okay respect like this this makes me want to move there more but then there was the there was like the right-wingers were canceling me yeah the right Wingers were canceling me for like being like [ __ ]
43:57
basically and then the and then the left Wingers were canceling me for like you know colonizing indigenous spaces or something like that and I was like this is too much I just lock the account and then it shuts down all the quote tweets
44:09
and then everyone just moves on because like they're not getting that like they don't have anything to go off of um material yeah yeah was very funny but I I I think he did that and I think he'll be able to come back hopefully because
44:18
it's good poster and there's some good stuff um but okay that's not important um let's move on to uh the timeline hopefully there's some fun tweets we get more on the teex side talk about what's going on outside of the fire which has
44:33
consumed us for the last two days but hopefully there's more interesting things going on we got a big Tech alert this is very exciting Katherine Bole at Andrew and Horwitz has started following at Tech Bros welcome brother
44:46
Bo she's she's engaged with some of our stuff before I I think we probably have covered uh her tweets but um she created American dynamism did she not and she talked about how there's a need for an oscar style award show in Tech yeah and
45:04
years ago there was the Crunchies and there were some hilarious photos from the Crunchies put on by Tech crunch yeah and they would give you a physical statue and it pulled really big people I mean teal there's a picture of teal with
45:17
a crunchy and I think it's like a man on the moon type of thing or something or maybe it's like an ape I I don't know it's something crazy wild but uh the crunchies they I I remember the moment that they peaked because uh Paul Graham said on
45:34
Twitter at the time what it was an ape okay yeah wow oh yeah yeah there you go that's kind of cool um we go to we got to buy one of those on eBay or something um but uh PG said we don't need tech crunch to award
45:51
startup of the year it's a useless award because in Tech and in business you have the market constantly telling you how the company is doing um and so with the Oscars it's like the Oscars don't just say which one made the most money there's an artistic
46:07
value there and so I think it's actually good that with our award show we focus not just on who's the richest person in Tech or like the award for we focus on size Awards like like Josh Kushner who repeatedly made some of the highest
46:22
conviction biggest bets in it's more a qu broad spectrum of companies yeah there's some element of yeah editorial element where you could argue that Gary Tan's a bigger Siz Lord cuz he justed more ex exactly spring conversation
46:38
starter you know oh uh you know should Moonlight have gotten the award or should.com have gotten the domain acquisition of the Year exactly exactly like these things are are award shows should be more if you're doing an award
46:52
show for Tech you should lean towards um something that's a little bit more qualitative bit more artistic but you won't be doing an award show for Tech because we already got that locked down so don't copy us okay but you can come
47:03
you can come see you there great if you wear tux let's go to Andrew mccallop been on the show before with some great um wait is this the question is this so it's it's less of a it's less of a question so so basically Andrew has
47:18
developed this this Doge themed art piece okay which he's going to sell for I've seen it in $5 million it needs to sell for $5 million and so I just wanted to put the word out because Andrew is looking for a home for Doge fin okay uh because apparently wherever it's being stored right now uh we would house it here but it's going to be I think it's a little bit it's huge and we we're on the 10th floor of a building and carrying it up the stairs
47:47
sounds rough and I don't know I think the weight limit is probably too high for the elevator so he says he's doing a bit of spring cleaning two things that need to be moved out would anyone be interested in a large vacuum chamber so
47:57
if you're in the market hit them up it weighs about 1,500 lb no pumps no warranty bring a trailer please DM me it's free uh you just have to do you just have to promise to do something incredibly interesting with it and then two Doge finin needs to find a new home
48:11
if you want the 600 PB magnificent gracing your factory floor we should talk I would prefer to keep ownership and do a storage loan thing as I need to sell him at Art basil to pay for my F40 shout out to Tech Bros pod for making
48:25
the decision in retrospect with carac and and Mueller owning one it's a Nob brainer Mueller um and he shows the vacuum chamber and the Doge fin which you should go take a look at it's a wild piece I mean it's stunning piece chamber
48:38
has some interest y'all better move fast I actually so so maybe now that I'm thinking out loud I should honestly put this in my backyard I don't know if he wants it to be outdoors uh you have to cover it all the time and stuff I I I
48:50
don't know how treated it is maybe he could do like some coat or something yeah Andrew treated it I'll put it in my backyard I'll give it an ocean view be a great place for Doge to uh pass the time CS uh let's do one more
49:05
and then promoted post uh signal says Vibe Capital was born out of the realization that traditional diligence is just the polite lie we tell ourselves after making decisions with our gut no pitch decks no financials no fake
49:17
process just human connection we invest in founders with ideas that make us feel alive we're betting that intuition beats spreadsheets and that Founders Thrive when they're treated as the connoisseurs of culture not as risks to be mitigated
49:30
if the idea makes us smile shiver or swear under our breath we're in We Believe capital is a commodity but Vibes are scarce and uh he's quote he's quoting a a segment from a book about Andy Beckel sham investing in Google
49:43
Beal shim ran to his Porsche and returned carrying something we could discuss a number of issues why don't I just write you a check he said AB abant I can't pronounce that at all um with that he present by uh he presented Brin and Paige with a
50:02
$100,000 check payable to Google Inc brenn and pagee explained that Google hadn't been Incorporated yet and didn't have a bank account to deposit the check into well when you do stick it in there Beck said cheerfully then he disappeared
50:14
in his Porsche without saying what share of Google he imagined he had bought this is this is a real Alpha because you can still do this yeah if you know even if a company hasn't Incorporated you know usually yeah usually you want to be
50:27
investing pre-incorporation you want to be given that handshake before the company's even been formed how you're going to get the best price and the most clout which is what Angel Investing is all about low entry prices and clout y
50:38
more about the clout than the than the investment the funny thing is that because by the time you're getting any liquidity you forgot about the investment you don't even know what they do anymore but but the but checks are cool
50:49
because because I've been in situations where I'm like well I want to invest but you haven't set up the company yet and just write a check and just get the C Corp name right and every time I use a check or every time I write a
51:02
check you just make it the cash yeah I'm like checks are actually a fantastic Innovation I I've I I I've only written probably sub 100 checks in my life just because digital payments were really by the time I was an adult they were just
51:15
so widespread but every time I write it I'm like wait I can write any number in here and just give it to you and you can just deposit it that's great yeah no limits or anything it's almost as cool as stable coins yeah yeah um uh the checks the funny thing is that I feel like if you did that today with a Founder depending on the founder some Founders would be like great $100,000 I'm gonna go out and raise a $100 million post seed round and give
51:40
you 0.1% of the company yeah but then if they have to raise again at a lower valuation you'd convert in at the lower valuation you got to get that mfn clause in there otherwise you're an idiot you got to watch out let's do a promoted
51:51
post promoted post uh this one from Kyle bod body who is quote tweeting a another post by guy named Grant I put this in there because I wanted to promote those Wheels specifically so Kyle says this is an ad read for these specific wheels on Amazon
52:08
yeah so we're running an ad for some hassali store on Amazon and these are rubber office uh chair wheels that you can take you presumably take see on like a Razor scooter so these are Razor wheels that you can give to your office
52:21
here so we don't use we don't use chairs with wheels on this podcast but I do have an office chair at home that I know I can see this attachment I know they'll snap in so I need to get some of these but $20 you turn your office chair into
52:36
a Razor scooter Kyle got nerd sniped by them the gg3 RS of office chairs yeah you know says these things are G this is theck package yeah this is the yck package on your Herman Miller yeah yeah yeah yeah I've got such a great Herman
52:50
Miller it's not that comfortable but it looks amazing that's what that's what matters I mean you'd put an exhaust on it if it was a car yeah why not put some wheels on slap some wheels on it um um okay let's go to a bucket pole bucket
53:07
pole um okay do you want to do you want to re-explain the bucket so so so we have so so we have we know we react to a lot of a lot of posts from X on this show we wanted to create some differentiation here and so uh when we
53:21
see something on the timeline that's a banger it's it's from a friend it's from a brother maybe a pre previous brother of the week someone really important it's about a really important topic we put in this stack We Print It full size it's a
53:34
banger this is from Max Meyer you know it's going to be good it's important he's setting the discourse but every once in a while we see posts that are good but from people we don't know maybe they're just kind of random Timeless we
53:45
could just react to them whenever we want so we print them on these small 4x6 cards and these are the bucket poles we put them in the bucket champ shuffle them all around champagne bucket we shuffle them all around and we take them
53:57
out of here randomly use the tongs too these are a little the bangers are a little bit more sorted we you know we know we want to talk about Max's post today but the bucket pull is a random and uh we we got this idea from Kill Tony Tony Hinchcliffe he when he runs
54:11
his comedy show he brings on his friends every show they're regulars they do a minute of standup and you know that those friends of his are going to be the regulars are going to deliver they're going to deliver high quality but he
54:24
also does bucket pulls he pulls random people from the audience who maybe they've never done start standup maybe it's their first time maybe they're maybe they're terrible maybe they bomb maybe they overperform and at the end he
54:35
gives them a joke book if they do variable reward is exactly exactly add exactly so so on the show going forward you'll see we do a couple bangers we do a promoted post and we do a bucket pull and so this is a good one let's do this
54:49
one from comrad Cisco says new workout goal is to have a body where if I commit a crime the media posts my shirtless pics and everyone's like wow it's a picture of Luigi mangion and my goal for this year is to make Luigi mangion look like the Trump shooter do you see that that kid the really really skinny dude I'm trying to get so big that everyone's like H Luigi's you know skinny yeah it is it is crazy because a lot of people say oh
55:19
like all your problems will be solved if you just get super healthy and clearly if you're messing with 60 Mesoamerican demons yes it doesn't matter well I think that's a pre onot photo yeah first cuz if you look at him now it's not like
55:33
he's a week out from the bulk he's months out yeah um and also he there's a big question about people are like oh he's so hot he has tons of fans people are looking at this they're really upset about Healthcare they're on his side The
55:49
public's on his side well that might not matter at all in the courtroom and there was this whole like how much does the looks should not matter in the courtroom it shouldn't at all and but people are kind of acting like it will matter and
56:01
they did the same thing with SBF people would be like why is SBF on X right now in a space talking about how he's innocent and it was like he's trying to win over the public but like that didn't matter at all and so I don't know that I
56:13
I I I think like this is obviously just some joke post but I don't know that it actually works like I I I I don't actually think there's any way to you know sway the public I think the jurors are going to get in there they're not
56:25
going to care they're not going to be extremely online the lawyers will filter for that in Vader they'll be like are you a communist and are you doing iasa all the time and are you do you have the the phrase is hybristophilia have you
56:37
heard of this no hybristophilia is you just make Stu like this I'd be like no but hybristophilia is sexual attraction to criminals and it's fairly popular yeah so when you hear about oh there's some serial killer that's getting you
56:54
know 20 letters a week from women across the country who have like fallen in love with him you're like why and and there's actually like a paraphilia where people are like that's hot I guess it's crazy anyway there's same thing with
57:07
podcasters there is a very uh uh famous podcaster who gets one letter every single day yeah that he hasn't talked about this publicly obviously but he gets one letter every single day from the same woman in Europe who just
57:22
handwrites a letter and puts it in the mail every single day like a love letter to this guy and it just goes to the PO box and and and just like RS there get two letters a day we're coming for you you know who you are you're listening um the other
57:36
thing is that Luigi is short so [ __ ] him uh anyway Max Meyer as we said Banger he says we must put a 100,000 100,000% tariff on OIC and Legos in order to force the Kingdom of Denmark to give Greenland to the United States
57:56
zic and Legos are like 45% of the Danish economy it would be over for them in 15 seconds that's hilarious I mean Max is a media Mogul yep and he has studied the art of the deal clearly Y and is just trying to feed ideas because he knows
58:13
that a lot of Trump trump Administration is very online they're going to see this stuff and they're gonna be like that's a good idea yeah but um but yeah I I think Lego and Nova Nordisk are both both fantastic companies did you see the flag
58:28
I posted I posted the 54 state flag who did the Photoshop on I just did that on my phone I just copied one of the rows that has four stars over and just it looked pretty good right looked great and so the 54 star flag it's still
58:42
pretty balanced because a lot of people do the one extra star which is hilarious moon or whatever and you just say place but I was like we're talking about four places let's just see what that looks like looks greats great uh downstairs
58:52
there's a 45 star flag that was uh PRI to Alaska Hawaii but then a few other states looks great as well very balanced um and what's hilarious is that someone pretty high up in the Trump Administration texted me and was like
59:06
this looks great no way it's wild yeah the the anybody complaining about symmetry issues is not a good reason not to to expand the Empire yeah yeah yeah constantly and and the comments on that post were great people were saying let's
59:21
add Mars I think that's a promoted post this is a promoted post from our friends at the Ridge and our friends at meta friends at R so unless you've been living uh under a rock you know that Sean Frank run is the number one wallet
59:37
salesman in the world and he's able to do that by running on ramp uh I thought this was cool Ridge spent hundred million on their ramp cards they spent a lot of money on meta ads and inventory and things like that size Lords and absolute
59:54
size Lords and um hit it nice um and ramp sent him this this deal toy fantastic uh it's crazy to think that there will soon be A1 billion doll club and ridge will eventually get to that that's amazing um they are highly
1:00:11
profitable so you know they're they're not even spending as much as they could yeah but if if ramp really ramps of the deal toys sea might be like I'm going to spend a little bit more this month I'm going to spend a little more this month
1:00:23
so they've got the whole like savings Focus average company on ramp saves 5% a year but when you have deal toys like this it's going to tempt some CEOs to say you want to jack it up you know jack up that spend a little bit so that's
1:00:35
great anyways we love to see some new clients were hearing about ramp signing they're going to be in the billion dollar Club on day one if we keep hiring creative agencies like we've been doing we're going to be in the hundred million
1:00:43
doll ramp Club soon for sure for sure um uh should we go to promoted post or was that it that was okay let's do one from Victorio you know he's been on the show before says this new wave of imperialism is oddly refreshing it's like I can feel
1:00:57
my ancestral blood stirring again it's time for war spiritual war um very pumped up about the Greenland and Canada jokes and all this stuff hard to say what actually happens here but uh certainly a lot of fun also isn't he
1:01:13
like living in Italy or something like that I thought he wasn't even in America I don't know actually yeah I don't know but uh be very funny Chad though yeah I I would say if if uh not this is gonna kind of of not really land but um with
1:01:29
the Right audience but anybody that's unemployed right now that's American just go to Greenland just literally fly there and just post up I bet there's cheap hotels hostels airbnbs that kind of things and just post up like hopefully this happens and uh you
1:01:47
know you have the opportunity to be on the ground and uh really kind of you know lead the charge so dday mode okay this is a great one buck in SF says is stratechery still relevant and Ben Thompson the founder of stery drops a
1:02:04
nuclear bomb on him in the form of an entire Strater article explaining that yes in fact to be clear the whole thing was very cordial was very it was because Buck has been uh has been a like a fan and kind of I guess asked Ben a lot of
1:02:20
questions over the years and so they he he said I decided to give you a very Earnest answer and he says it's depends first off I'm pretty proud of sher's record over the last couple of years when it comes to the big companies I
1:02:30
traditionally cover I think I've been pretty sharp including sketching out their relative risks and strengths in AI calling out Apple strategy pre-app intelligence made comprehensive case that meta was actually the best
1:02:41
positioned and of course was basically the only person to strongly defend meta when they were at their Nader and he has sources for all of these I've also been on the Nvidia case for a long time explaining what their moat is and why
1:02:52
it's relevant long before they became the Juggernaut they are today day I guess I I do regret not forcefully making the case that they were going to go to the moon but I generally think that if you read stery regularly you're
1:03:04
pretty well positioned to capitalize on moments like that because I laid the groundwork and he goes on and on and on and it's amazing because uh I think stery is extremely relevant and I still love reading it so so here's here's the
1:03:15
thing though so the reason that ads are the best uh business model for media is because you get the widest possible reach right A lot of people don't subscribe to shy so they miss all of this really really really high quality
1:03:30
content and he has less influence because he's reliant on his readers and he makes his readers Fork over their hard-earned dollars yep uh which which works really well for him I think he likes the predictability of just knowing
1:03:45
as long as I write good stuff there's Revenue there he doesn't have to focus on selling to advertisers um but the same thing happened to Joe Rogan with Spotify you remember Joe Rogan's influence fell off a cliff for a few years when he was off YouTube and you
1:03:57
basically didn't hear about him yeah unless so it went the Trump interview on YouTube got 50 million views yeah it's like so you know that you know that so so the The Joe Rogan deal I was talking to Rob mower at hman about this um
1:04:11
co-founder of hubman lab and he was saying like the the Spotify Rogan deal like was very good for everybody involved like it just made a lot of sense but you know Rogan's happier now that he can just be out freely sharing
1:04:25
content generally everywhere so um I'd like to see uh I don't know I it'd be interesting I'd like to see more people like Ben follow the model of I'm gonna release stuff it's going to be pay wall paywalled for a week and then open it up
1:04:40
he does he does do that does eventually release so the main the main articles are free to read you can subscribe just to those get those and then he has podcast clips and and segments of the show so he has a number of podcasts that
1:04:53
do one free one paid but when you're you get the full subscription also great it has to be like links being killed ont X also hug on LinkedIn early on uh he would post link and on Twitter as well um and now that Twitter doesn't have
1:05:10
those like viral like he hasn't figured out how to put his content into like an X native format um we need brain rot slop Tik toks of of yeah with the subway surfers and then Thompson talking yeah the problem is that he just doesn't care
1:05:24
about like yeah reaching that audience yeah and I think you could argue that his influences there's a bunch of really large Capital allocators that read his coverage and use that to make size Lord investment and also Executives at Big
1:05:38
tech companies for sure like who know is read with constantly but everyone he talks with is definitely reading it and that's why again the reason to subscribe to him not only because the writing's very high quality and he's been he's
1:05:52
like David senra in the way that he has so much depth with these companies and the history of them that he can just talk forever about them but now they all text him and call him and give him actual scoops and insights that no other
1:06:05
writer has yeah let's do another Greenland post and Canada Post and then we'll go to a promoted post uh J5 killer says uh post a screenshot from 4chan uh where someone's thinking about why Trump is talking about Canada the question is why why does Trump keep joking about Canada why he keep joking about Greenland and the Panama Canal the answer for those of you who are not familiar with geopolitics is shipping Canada and Greenland and by extension
1:06:35
Denmark control the Northwest Passage which due to ice melting is set to become one of the largest shipping routes on Earth Canada can't defend it against the other claimant Russia without us support America is also going
1:06:46
down the path of wanting to further control shipping routes to maintain their hemony while these come off as jokes now make no mistake these are long-term us strategic objectives whether through Conquest economic partnership or some means the US will
1:07:00
eventually control these routs um whether the TR whether under Trump or someone down the line he is just putting one idea into the atmosphere yeah pretty interesting take I hadn't heard that I thought I was definitely in like that
1:07:11
it's just a joke camp and when I thought Greenland I thought skiing or something you know just like there is there is a rift in the Trump admin right there's some parts that want to absorb Canada and then there other part that says we
1:07:24
already got the best Canadian we got Jeremy gaon gon and Company we got him already why do we need the rest of the country right we have you know a future billionaire he he could have gone on to you know be the the richest man in
1:07:37
Canada now he's going to be one of the richest men in the US do we need to go through the trouble of integrating this entirely new country into a state and all the stuff but so we'll see how that plays out um Jeremy's laughing to the
1:07:49
bank yeah either way he wins as he does uh promoted post uh we got a promoted post from the founder of lava lava is the only way to borrow against your Bitcoin all other loan Solutions require you to give up custody so you end up
1:08:04
borrowing against bankcoin and lose your Bitcoin these custodial Solutions have lost a hundred billion dollar in customer funds in just the last few years so what are these companies again there was um what what was the one uh
1:08:16
there was two there was Celsius not the energy drink company yep that offered amazing rates and went under blockfi FTX anyway non-custodial way to uh get some leverage we we love leverage on the show we love betting on yourself and we love
1:08:35
holding Bitcoin not Financial advice but uh lever up yeah let's go to a bucket poll this one's from Alex Kerr he says today I learned that Evan Spiegel has a private 737 let's go size action for that he's got the Boeing Business Jet fantastic it
1:08:54
turns out that n3e an airliner 737 configured as a private jet is owned by Snapchat and Evan Spiegel the operator is listed as SE Logistics short for Spiegel Evan uh Snapchat owns the largest private hanger at Van airport
1:09:12
wow amazing great yeah my only critique here is that it should be wrapped in yellow I agree because I don't think yellow there's some issue if you want to make your plane black it's way F yeah it seems there's even a whole isn't Spirits
1:09:25
color yellow and they have yeah yeah yeah you get confused with spirit it's rough you don't would not want to get you don't want to be thought of as like the spirit of social networking that would be rough Evan kind of came about
1:09:35
too early right because he would always get so much [ __ ] for driving supercars around Venice fastic super are you going to get mad at a young billionaire for enjoying super cars enjoy the fruits 10 years from now it's going to be
1:09:46
completely normal for the average product manager in SF to drive a super car to work yeah Street park it Street park it um and so Evan was too early but he I mean it's still early go in his own arc and be his own person uh and and
1:10:01
there's just so many ways Spiegel's actually somebody I would like to see step away from Snapchat it's never going to make any money was a there was a sort of an enrichment scheme for the employees right uh and a and a and a
1:10:14
strong public markets bet for some some very online ex people yes um but I'd like to see him leave snap start a new Foundation model consumer hardware company go compete with try to compete with AI from friend.com yeah let see him
1:10:29
like go big like I want like a two on two billion on 10 billion round like that would just be good entertainment so yeah I mean if I'm going entertainment with Spiegel I I I want him just to lean into the personality the lifestyle let's
1:10:41
let's see your watch collection maybe he can just take it in a different direction doesn't need to compete on price but if he's got little oh he went a little bit crazier at West West Coast Customs oh you got the Cayenne minivan I
1:10:53
got a lifted Cayenne by6 what about that he's got the stado build on an F40 you know you know the F40 you think about that car everyone loves it only has a V8 pae swap a V12 in there yeah V12 SW quad turbo F40 with with the the roof racks
1:11:12
F40 stado there now we're talking some naobi tires on that thing it doesn't it has a manual everyone say the most engaging Drive throw an automatic in there get some paddles going it'll be faster yeah let's let's really class it
1:11:26
up in there battle shifting in your F40 just just Dig It All Out throw a 296 Transmission in there exactly yeah pdk everything on it Yep this is the way to do it just really oh nice nice minivans yeah yeah yeah yeah turn the F40 into minan F40
1:11:45
minivan staty the perfect car to get to the snow yeah yeah yeah because you can't you can't really afford an F40 if you can't afford to take it to West Coast Customs drop another million converting it to a V12 with off-road
1:11:58
tires and you also you know that if roof you know that if you do that Ferrari will sue you right you heard so and you can't really afford an F40 unless you can fight the lawsuit the crazy Ferrari is the only company that sues their
1:12:13
customers for just doing nonh Harless things the only company yet yeah the only company yet we need more of this we need more aggressive entrepreneurs who are saying you know what yeah I do sell an AI wearable and if you don't like it
1:12:26
I'm gonna sue you yeah if you paint this thing yeah you put the wrong phone case on your iPhone lawsuit lawsuit we want this thing clean no cases yeah we we should test that it's every every every man should get sued by Ferrari at one point in their life yes
1:12:42
and I think I think if you listen to the show and you haven't left us a five star review expect a lawsuit I father father-in-law got in a uh nasty lawsuit Ferrari once sorry for another time okay let's move on um let's move on oh this
1:12:58
is a this is an interesting personal story so disgraced propagandist says staying at a formerly worldclass hotel in Pasadena and thinking about how horrible the consultant class that that's taken over is everything here is
1:13:11
a shell of its former self Small Things replaced with plastic food boiled down to lowest bitter deep fried items prices jacked up staff lazy and Confused best encompassed by the image of the heart player at the famous tea service
1:13:24
squinting at an iPad had scratching out an appalling 60-second harp version not of keros but of Pop SL RP hits worst part is reservation brain Rod harp brain Rod harp just playing like uh what are those brain Rod songs like the
1:13:42
the the sigma Sigma male theme song like like the the funk you know funk music it's like those stuff like Russian kids in Russia will be drifting to in like those like VHS edits it's actually sick music I like it I like the sigma yeah
1:13:59
the sigma male theme song on a harp that would go hard um the worst part is booking a reservation now impossible without calling centralized booking agency which barely speaks English and has no answers because we're not
1:14:11
connected with the property customer service staffs are the worst enemy of the cons Consulting class the massive costs keep them up at night it occurred to me that their next trick will be to turn the lowest on the totem pole the
1:14:21
migrant worker gardening and cleaning uh into schol employees the leaf blower SL customer service role a futuristic sort of slave wielding both cleaning implements and a Bluetooth headset at the same time that that they'll call
1:14:34
something like core team member or full service coordinator perhaps then I'll stop coming do you know do you know this hotel I tried to stay there the last fire yeah it's the langum now it was formerly the Ritz Carlton everyone loved
1:14:48
it when it was the Ritz and everyone was very upset my mom is like oh it was so much better when as the Ritz I didn't understand the context at all because when I went as a kid a kid it was the Ritz and when I went as a langum it all
1:14:57
looked the same it didn't really matter but on Tuesday when we got evacuated I booked a room there oh really and yeah because I was like oh Emily was like we want to get out of the house we got to go somewhere we're not sure where we're
1:15:10
going to go I was like I'll just book a hotel there seems great booked it on Expedia it was pretty cheap um they were starting to jack up their prices on the gouging nice yeah fire vac exactly and so I'm sure they I don't want to put too
1:15:24
much on them for the price gouging I'm sure whatever like e-commerce software they're using to set prices just detects like there's a lot of views on the website let's put it up and 99.9% of the time if Pasadena is booking a lot of hotels it's like there's a conference in town or it's the Rose Bowl or the Rose Parade or there's something else going on it's not a natural disaster but they should have a fail safe that says like hey like maybe it's
1:15:50
a bad look to be pring anyway I book on Expedia it's only 300 bucks or something um and uh but then but then I'm like this is a weird thing I bet a lot of people are thinking about doing this let me call them and verify that they have
1:16:03
my reservation I actually got stuck in the central booking thing and they're like we don't know if you have a reservation I did that this morning I was calling a bunch of hotels the hotel stayed at last night H like HVAC system
1:16:15
wasn't working so we told them we were leaving I started calling hotels yep and trying to get through to somebody that's actually at the hotel is very hard oh it's really really hard super annoying anyway but my going back to the original
1:16:27
post so I have I feel like I'm qualified to have strong opinions on Hotel like service and just the general experience because I worked at Ritz Carlton yep in college and like I I would work 40 hours a week at this hotel while I was in
1:16:42
school and uh and so anyways I've seen the inside working at a Ritz Carlton delivering the actual service and I think there's a number of issues with hotels today the the thing you can count on Legacy Hotel brands for is service
1:16:57
like if you're having an issue on the property they will typically go above and beyond to try to resolve it the challenge is the the actual Interiors are for the most part falling apart so they're no longer that nice the menus
1:17:10
and all the food items are just like Cisco slop like it's like no long the food's no longer enjoyable to eat at many of these properties which is just tragic because you have these incredible properties and then terrible food my my
1:17:21
business partner at his wedding the day after the night of his wedding he stayed at the langum and walked into his room there was a shattered glass like champagne glass on the ground wine glass and he stepped and cut his foot like
1:17:35
super bad and was like can we do something about this and I don't even think they comped him the room it's like very that's crazy uh bad yeah and then so you have like the the the um most of our listeners are already Aman pilled
1:17:49
yeah I I was going to say we need an Aman in La yeah yeah we they're putting am on residencies in center of La but will that be a hotel too I don't know if they're going to have a hotel but I get to live there that's the best part um
1:18:02
but uh but but ISS you have you have the Ritz Carlton you have the um Four Seasons you have uh what St reges you have all these hotels which are beautiful properties very expensive properties but actually mid experience
1:18:18
yep and then you have the new hotel brands that are uh the cuso in there the would do it but yeah the Rosewood mirar is pretty nice but again the food's still I think slop um and then you have like one hotel proper Hotel these hotels
1:18:34
where the Interiors like they pay they paid for cool contemporary interior designers but then they're just not actually they don't have like the service culture typically that you get at these Legacy hotels and so the the solution is to basically stay at these
1:18:50
like very like boutique hotels like 20 30 rooms that are still nice yep or you spend $5,000 a night at the and that's like that's the state of hotels um have you seen this uh hotel booking scam no where you like fake booking web so
1:19:09
basically the way it works is you go you Google this happened to me when I was booking a room at the Four Seasons I Google like four seasons San Francisco stand up there and um and the first result is like like a sponsored post
1:19:26
because every post on Google's every result is sponsored now and it says like four seasons official booking and the website is for seasons. guestreservations.com and so you're just like oh this must be like the SAS tool that they're using they got a custom
1:19:43
domain on it sure I'll click there it's not the Four Seasons and dude I was on guestreservations.com today thinking it was legit yeah no no no no it's fake and so happens is that they they uh they get you through the
1:19:58
flow and it's a really clean UI like it all makes sense so you're like oh this is great this is easy they quote you a price that feels about right and then at the last second they add like 200 bucks on and and and and it will be like $400
1:20:11
if you just went to actually the Four Seasons website 700 on their website and then they book it and it's non-refundable and if you call them they'll be like sorry we can't do anything and literally all they're doing is they just have someone there who
1:20:25
books through Expedia at an even lower rate on your behalf and so when you show up to the Four Seasons they're like yeah we have you but we don't have your information for some reason like we just have your name down here we didn't get
1:20:36
your email because they didn't put that in because they put in like you know some hash like 6K 427 guestreservations.com and then they'll forward that to you clean it all up so it feels like you booked and a lot of
1:20:47
people don't notice I was on so I was on guestreservations.com today looking at the hotel that I the second Hotel hotel that I booked for family and I was like why is this hotel like letting this other company own their customer it's so
1:21:04
weird and I ended up just calling them because I didn't see the room that I wanted to get or whatever and um but yeah that makes sense where I thought you were saying scam where they just like take your money but it's like they
1:21:16
do book it they just mark it up and then they don't let you refund and it's this weird thing where again I called the four seas they try to make it look like it's exactly exactly and I called the four season because I was like I like
1:21:27
like okay like I'm getting screwed for like 300 bucks but at the very least like I and and the reviews if you search like guest reservations Reddit it's all just like scam they didn't even book me I got screwed like because of course
1:21:39
like the service is terrible um but if you uh so so I called and I'm like hey I I I I messed up and I booked through this scam website like I just want to make sure that I actually have a room when I show up and I'm not just like
1:21:51
hunting around for a different hotel and and if you call with the first like three hours they'll say no we don't have you yet and so but then I showed up and I called later and they were like we actually do have you now because they
1:22:05
finally put it through it just it's just such a mess it's such a mess uh and yeah I mean bunch of different problems class action against yeah I mean I do think the Four Seasons like I I would I I talked to like the you know front desk person but
1:22:19
I was like seven layers from the CEO what can you even do as four season because it's just showing to be a tra they're basically a travel agency from a legal framework and they're just arbitraging the Google ad cost of
1:22:34
winning that auction and the fees that they can add so if they think okay it cost us $20 to acquire this customer We'll add $100 a fees I bet the CEO has a extravagant explanation for why this there's a real high value market service
1:22:51
you know that which CEO the res yeah I mean well actually like we're creating efficiency in the market no no it's a total scam and they know it they they they understand what they're doing uh I've seen the inside of these scams
1:23:05
before uh this is an interesting one this is not a post uh this is not a public post it's actually from a private group chat I'm in but I thought it was interesting based on the fire stuff uh from a friend saying I'm going to insist
1:23:17
that everyone start picking up tangible skills like lockpicking I'm so sad by what I'm hearing with regards to the fire but in the of serious emergencies you need to know how to Common deer boats Hotwire cars start motorcycles
1:23:31
these aren't jokes I learned how to do this a long time ago you never know and with kids to take care of being able to get out matters back in the day we used to hold weekend sessions and teach each other skills all the time you can
1:23:42
download mit's lockpick and guide and get a set of tools and starters from Amazon uh from Amazon and have a Amazon and have a fun weekend together always pronounce Amazon like that Amazon um but but I thought that was really
1:23:56
cool and uh uh you know as bad as these disasters are they are great uh you know it's like it's like is starting a workout plan on January 1 kind of ridiculous and cringe like sure but better than not having a workout plan and not using that as the start and I'm
1:24:12
sure there's plenty of people that are in great shape now who are like yeah actually I did start working out on January 1 five years ago and now I'm jacked and it's the same thing for this it's like yeah maybe the fire was like
1:24:22
the thing that made you go buy a gun or a starlink or you know learn how to lockpick or learn how to hotwire a car but um you know best time to start is now so just go do it yeah I I bought a uh gun for the first time during Co
1:24:38
there go it was just like there was riots out of my outside of my house a lot of crime you got the meteor right 1911s yeah yeah yeah great choice shark tooth trigger um let's skip I can jump in with a promoted post John Jon's Got That
1:24:55
official X badge and we just wanted to call attention to JN he says at 300 followers invest now you'll never be this early and this x badge does numbers on engagement this guy this got 2.3 th000 likes no way must be way above 300
1:25:12
he's probably way over but even if he's at a few thousand now future brother of the week future reply guy potentially yeah so John great work go give him a follow and uh if you're you know if if you're struggling on the follower side
1:25:24
go get a random job at X become the become like the maintenance guy at X get the X badge and run it up to 50K then quit and suddenly you have asset now yeah yeah yeah um also just that that Meme template of like buy now invest now
1:25:41
we're still small like people want to get in on things early and so I I think that works generally that's great and the anime profile picture yeah you know there's going to be some good content there great uh oh let's do a bucket P what
1:25:54
should we do Zed up oh I like this one Zeke been on the show before but this time he's in the bucket polls uh he says whoever makes this autonomous first has my vote at wh at zuk's and it's a uh 1840s horse and carriage uh looks very
1:26:13
opulent very loud opulence y this would be a great daily there was a bunch of horse and buggy setups in in the Alps last week oh cool it's good good to see I'm going next year you have to like box out all the tech journalists to get access to
1:26:28
the hes I mean the lies weight times are crazy journalist I'm sure I'm sure um but uh but yeah I think I think you know I'm hearing reports from my neighbors that none of the gas stations around our neighborhood have gas and what the great
1:26:43
thing about a horse is if the horse gets tired runs out of gas you you let them Feast on your lawn and they're back in Action back in you don't have to worry about all you need is a little water sunlight and you got fuel so one of the
1:26:57
this is another reason that equestrianism is is coming back in such a big way just rational is it's just rational yeah uh I do think that there is a although this is obviously a joke and a meme uh I do think that there's an interesting uh Insight here which is
1:27:11
that uh design of these uh autonomous vehicles is going to matter and we saw this with the difference between the whmo and the Tesla cyber cab how they look wildly different I mean people were joking that like one looks leftwing and
1:27:26
one looks rightwing and uh and you could imagine that uh people want to express themselves people want different brands not everything needs to be uh perfectly monopolistic and so you could see someone coming out with some sort of
1:27:40
like opulent Robo taxi that's cleaned every single time and very high like what is the Uber black or the Cadillac Escalade uh Escalade V hopefully I just want to call a wh that has a humanoid robot in the driver seat that has 15s
1:27:57
for arms defend you yeah it's great uh this is uh a great throwback post from technology sista says this is one of the first Rune tweets I ever saw alltime Banger and it's Rune in 2021 saying you can either work for a liberal tech
1:28:12
company that lifted its name off of a random Concept in Hinduism or you can work for a conservative tech company that lifted its name off a random Concept in tolken those are your choices and it's samsara and assana versus is andal and
1:28:25
paler and everyone knows about the lotr references but I didn't know about the Hinduism trend on the leftwing tech companies but it really is true because uh Dustin at assana is a big uh big Democratic donor and obviously volunteer
1:28:39
I mean carp's actually Democrat but anderol Palmer kind of same thing um and uh that I don't know he's yeah it only the the the analogy breaks down after four but it look makes for a good screenshot the open AI being the least
1:28:58
open AI company is just great naming yeah couldn't even have planned that yeah there was something about the andal name where it was like uh I think Peter has a riff on Uber where it was like it was like uber was too aggressive of a
1:29:14
name uh whereas Lyft was like this very like nice name and so that's why the uh need assassination counter positioning with the pink mustache just getting a lift the pink mustach but the Uber mench is like super aggressive and so that led to
1:29:29
like some easy character assassination like we got to go after this hardcore black company like they're like black and white they're super serious Travis was just too cool yeah good name in the tolken uh side of things uh s Sauron
1:29:44
home security from I mean this almost seem like a sub tweet of Sauron a little bit but this all started with Lulu saying if you if you if your startup hasn't launched yet uh it's not too late to make sure it doesn't have yet another
1:29:56
tolken name that name won't make you the next Ander roll um but I guess uh saon has launched but um yeah I mean there's there's there's going to be a little bit of like distance where it used to be like Peter is a co-founder if it has a
1:30:10
tolken name and then it was like a Founders fund partner is involved and therefore it has tolken name and then it became like you went to Peter's Christmas party and so you get to use okay if if anybody wants some Alpha find every possible name in the tolken ecosystem and go buy the do start bidding lowballing because because Ander roll would would have been a pretty probably it's like a Ander roll.com was $10 not $10 but probably like five grand
1:30:41
something like that yeah it's funny well let's stay on the topic of uh people who have founded tolken based startups and Delian says it's crazy that the Boeing astronauts are still stranded in space no one is talking about it and they're
1:30:56
going to end up being up there for almost a full 9 months longer than originally intended bums and seats the world has prepared a number of crude flights in the coming year NASA's SpaceX crew 10 mission on the ISS which will
1:31:09
finally bring Butch Wilmore and Sunni Williams home after a 10-month stay in space has been delayed to NE March glad they brought enough food they're probably having like Capri Sons at this point rationing them but like NASA Capri
1:31:26
on which are probably like way worse I would say here here's here's the interesting thing so V's first mission they they took him a little bit of extra time to get the proper licenses to come back yeah and everybody like all the you
1:31:40
know Delian like haters were trying to dunk on him for that yet there was no humans on board the craft it was literally just yeah so where are those same haters now hating on NASA being like yo your crew is stuck in space it
1:31:55
is funny how much of a culture War issue when it first happened because on like day two of them being stuck everyone was like this is embarrassing for Boeing like we're hating on Boeing and I and a lot of people were were like oh they're
1:32:06
not technically stuck they're just doing extra things like it's going to be fine and like nope it wasn't fine actually like all of the crazy like irrational like jumping to conclusions in this case was correct yeah 100% yeah uh let's do a
1:32:19
promoted post promoted post we haven't talked enough about about watches on this episode so we got a promoted post from the luxury watch guy himself this is the watch dealer for uh friends of the Pod like uh Austin over at morning
1:32:36
Brew uh he uh uh luxury watch guy has a pek Philip 5 5303 R which is a grand complications minute repeater rose gold skeleton coming in at only 1.3 million surprise Zuck hasn't picked this up yet but um yeah Evan Evan Spiegel maybe maybe go
1:32:58
for this try to get some new hardware and what was the rule again on watches 2% of AUM 2% of AUM so you need a $50 million fund to justify that 60 mil 70 mil yeah okay we we know some people we can some people there so anyways jump
1:33:12
was asking for recommendation Nicole honestly kind of a perfect watch for Nicole I like minute repeater rose gold with the skeleton it's I mean this is such a good looking watch it's great Nicole go get this watch it's a great
1:33:25
option for you and sure to turn heads on either Coast when you're in that meeting and the minute repeater starts chiming the perfect time to the minute so here's the play for Nicole because if she goes so she let's say she spends 1.3 million
1:33:41
on this watch right it's a it's a meaning she her last one is $50 million it's 10 million in management fees every 10 years maybe she pulls a little bit of that forward to to acquire this but then she goes into a meeting with Zuck yeah
1:33:54
got a family office you probably ra $500 million just off the conversation this is a great conversation or hey look at what I got in my portfolio this one company maybe you want to buy it that's liquidity it's all going to come back to
1:34:04
her yeah yeah yeah so anyways I don't think she can lose buying this watch and I do think the the minute repeaters is underrated because of the fact that it makes noise at the end of the meeting so hey I gotta run ding ding ding ding ding
1:34:17
drawing attention to your watch you don't have to show it to someone they're going to hear it yeah yeah yeah they're going to hear it it speaks for itself let's do another bucket oh this is a fun one prank for exits
1:34:26
went Mega viral 7 million views with a video about Jero and he says never forget that this was a Silicon Valley darling with over $120 million raised and uh yeah the juera was destroyed by Ellen hwit at Bloomberg actually uh she just wrote a piece about
1:34:46
Zin that I was featured in uh and you still got to put that one in the TRU set we do we do because there's a lot of things that were taking out of context a lot of things that were taken out of context but uh overall I mean she does
1:34:58
great reporting and uh you know no one loves Tech journalists more than we do so uh the the downfall of Jero was uh quite the Silicon Valley moment in the HBO TV sense very entertaining for everyone involved I do have a good
1:35:15
friend who did an SPV into Jero did they get out did they secondary out in time I knowing him he probably did but he's gone on to have a very illustrious career billions of AUM doing just fine yeah so I mean like the basic thesis if
1:35:32
anybody wants to if anybody invested in Jero and wants to we would have a guest on to talk about that'd be fun let's break down the investment memo yeah why is little these things I mean it actually wasn't that crazy it's like Kurig makes a ton of money it's this razor blade model subscription people like juices so you know we're gonna do the same thing was also booming everybody everybody was saying you got to get all you should be getting yeah
1:35:54
having multiple juices a day all this stuff it is I I've gone through juicing arcs super annoying takes a ridiculous amount of prep makes a huge mess in the kitchen you've got this juicer that's spewing out plant waste the they were
1:36:11
solving a real problem so told the IP right now is is is like who's buy who's you could easily get I think 10,000 pre-orders for that thing if you just rebooted the juer IP maybe and uh somebody owns it out there I mean they
1:36:28
re the Enron IP maybe juer is next yeah maybe juer would do better as a meme coin now meme coin or yeah just simplify it and just make it juices sell pre-made glass bottles have I told you my story about uh making fresh juice during YC in
1:36:47
2012 is the best so we had a juicer we were like we need to stay healthy let's start juicing stuff we get produce but it was always really expensive uh so we'd always have to like drink it all because we like can't let it go to waste
1:36:59
this is like the highest value nutrition that we're getting most of the time it's Ramen and just like garbage and so this is when you were living on 16k a year with four other guys yeah yeah exactly and so my business partner and I go over
1:37:12
to his uncle's house they're like oh we know you guys are into juicing and we got some produce from our garden here take this stuff and uh you can make some juice with it so you bring it home and it's got some good stuff in there that
1:37:24
meaningfully increased your Runway too oh yeah yeah it it was meaningful at the time we were stoked days so we started throwing it all in and we're started juicing everything we're like okay carrots this and we're like what are these red things we put them in we're like okay I guess those were radishes spicy and we didn't realize that like it completely tainted like all of the juice it was just the spiciest thing but we were like we can't let it
1:37:45
go to waste so we just had to drink this radish juice like two days is miserable then we had to clean it all it was disgusting but yeah a m long juo yeah yeah mean you sah made a lot of sense uh I like this one by Armand domoi he says
1:37:59
uh uh the uh the poly Market on will the Palisades fire be contained by Friday it's down at like 1% it's apparently just impossible to do um and so he's suggesting that somebody makes a movie about a team of degenerate gamblers who
1:38:14
single-handedly contain a massive fire in order to win a huge score on poly market and uh I mean the volume's 22k it's not exactly a huge score but it's it could be funny in a in a uh somebody doesn't check the volume hire's the most
1:38:29
insane private they're like oh the French guy bet 40 million like we're g to get if we just spend 5 million on the private fireade and ship them in from the East Coast the $22,000 p i mean if you if you poured 20 if you poured 20K
1:38:44
into that market it' be 5050 if you poured 100K you'd be at 90% immediately you could totally swing that market um the the interesting a friend of mine sent me this this uh that that post uh just the poly Market was like this is so
1:38:56
dystopian and I was like I don't know I think it's actually still valuable to know okay I shouldn't expect the fire to be put out and there's this whole thing about like okay well does this incentivize people to I actually got
1:39:10
value out of it I've been planning my week yeah based on like don't go don't plan on going back before Friday yeah I don't want to go home it's not going to be contained um so I I don't know it seemed like it was a n good and in this case like yeah you could say that there's you could win 1% of your money by keeping the fire going which is illegal or you could win 10 100x your money by putting it out and so it's actually like the good ending here
1:39:34
potentially if there was like this team of gener gamblers I only think it's I only think it's sad for some of that $22,000 people with crazy gambling addictions that are just saying yeah uh should we go to Paul Graham he posted his uh office reveal he says my
1:39:54
flight was delayed so I cleaned up my office and he's got some wonderful bookshelves desk right in the center the problem of course is that he's not in the power position this is a funu disaster we posted about this yeah we we
1:40:06
compared that having success in business and this room is the equivalent to making it to the NBA with no likes yeah it's incredible that he's been able to have the career that he's had it just shows like PG in the power position he
1:40:19
really is a one one uh fighting with one arm tied behind his back this entire time and if we really knew the full layout of the house we could understand more about um whether or not this applies the principles of Funway
1:40:31
correctly but I can tell you right now Funway is very important it's very real and I've uh very rarely do I meet really successful people who do not have their desks in the power position this is kind of like funu 101 basically you want to
1:40:44
have your desk facing the door and so the opportunities can come to you and that energy can come to you and you're kind of ready to re receive it you don't want your back to Windows the funu reason is so that monkeys and ninjas can
1:40:58
come break in through the windows and just you know take you out um but a lot of these a lot of these ideas uh there's other things like you shouldn't have your desk right next to an open bathroom and uh it's like the the the negative
1:41:09
energy from the bathroom will throw you off but a lot of these funu things they sound like kooky like you know astrology but they actually have like very reasonable scientific you know explanations if you think about it like
1:41:20
why do you want your why don't why don't you want your back to the door where people come in your office well it's because people are going to walk by and see what's on your monitor and you're going to be like H like am I you know
1:41:30
messing around on Twitter does that look weird like as opposed to if you're in the Flip Flip Flip in you can have X open on your monitor and your phone looks like you're doing important business yeah and it's the same thing the windows after I bought my after I
1:41:43
bought my house I had a I hired a a funu cons consultant David Cho he's based here in LA and he taught me a lot about my house and how to make it nicer but you don't even have to believe in funu just look at how you know if you're a
1:41:59
skeptic go around your house and there'll be areas of your home that you completely ignore that are perfectly good areas like a living room or something like that that you just never go in because there the funu is off so
1:42:11
you intuitively don't feel like you just don't feel like spending any time there totally totally yeah I mean you can abstract it into just like you walk into a cluttered house that has a lot of hoarding going on that's bad Vibe you're
1:42:23
not going to be productive there you're in a really clean beautiful space where everything's laid out reasonably and you're not bumping into things you're not stubbing your toes like all these things add up to just a more pleasant
1:42:33
and happy life and you can explain it through ancient Chinese wisdom or just like logic and reason and both are equally valid but the end result is that yes you should in fact follow the principles of fun yep promoted
1:42:49
post promoted post caught me off guard here uh uh we got a promoted post from Augustus dco he says apply to work as a for deployed engineer at Rainmaker docc careers and he posted a picture of their truck stuck in the mud uh so if you
1:43:08
didn't see Augustus had a little episode last week uh where he and his team got stuck in the mud but they made it out and uh yeah I think this is a super important company we've been uh over the last 48 hours 72 hours we've been at the
1:43:22
Merc of Mother Nature Augustus is trying to uh uh rain maker uh lucky to be an investor they are the emerging poster of the year as well he was award-winning poster and um and cigarette smoker and uh runner up for hobby for OB for OB
1:43:41
hobbyist of the year and uh yeah I mean the the the team works really hard they're doing something important and uh yeah every now and then I'll see a rain maker hater online and I'm just like pick a hobby like he's his company's
1:43:55
very cool and um and Augustus is very cool and I don't think they'll be doing as many gondo bonfires anymore sort of poor taste to light things on fire um but uh cool opportunity go check it out let's go to a bucket poll we got $10
1:44:11
Danny here and he says bro you're fine you just need an impossible sequence of events to play out in perfect order Against All Odds and you'll be fine 200k likes Banger that is the mentality that you should be bringing in to the rest of
1:44:27
your Thursday yeah by the time this episode gets up you may only have a few hours left but the genetic Lottery it's real win it no excuses no excuses uh we got close out I think we're getting there okay let's do a couple more do a
1:44:42
couple more uh Chris Spar guys if if you didn't if you couldn't tell John is deeply deeply addicted to podcasting and uh go we got he's like oh I got to leave at one I got a lot of going on at home 110 the guy's sitting over there
1:44:59
scratching his his wrist this is interesting though we go to we got to cover this Chris says Bridger Aerospace owns Six super scoopers including the one you saw on your timeline today these are the these are the planes that put
1:45:13
out the fires it's a public company ticker is B aeer Bridger Aerospace group Holdings and just today they're up 10% 11.6 it was cool I love when something to tell people to go long Bridger airspace one my favorite like autismo Hobbies is when something crazy
1:45:34
happens you go and you deep dive like the businesses and the corporations that are behind like like Caruso like when else would I really go and understand his full career I'm really glad I understand it now because he actually is
1:45:45
a fascinating business model he's not like other real estate developers and it is really interesting I learned a lot from that found and it's the same thing I would love to know you know who's the founder of Bridger Aerospace what's
1:45:55
their stock trading at how does the business work how many of these things do they own do they make them who makes them I want to know everything about this uh you know AI can help with this stuff but you got to know what questions
1:46:04
to ask yeah and uh yeah it's fun and that's part of why we do the show let's go to Palmer lucky I love this post he says uh after spending a few days at CES 2025 it is clear that this Vibe shift is real everyone wants to help our military
1:46:18
everyone wants to build nobody is afraid fantastic Vibe shift and I liked the followup here because someone was like oh like they're Johnny come lat's like they're just joining now when it's trendy there's no political risk there's
1:46:30
no career RIS to saying yes I support the military and still important and he says yeah it's exactly what Palmer replied he said we should have an open 10 for them it's fine like let's just forget about that I'm not going to go
1:46:42
and pull the receipts from oh you weren't on board five years ago 10 years ago and I was thinking about it like when Ander roll launched I thought the company was cool I liked Palmer and when Palmer got fired from Facebook I was
1:46:54
like this is very anti-democratic and I'm not into it but like I wasn't out there like blogging about it or posting about it like and it's not that I was like necessarily afraid to espouse that view it's like I didn't really have a
1:47:05
platform back then um but uh ultimately like all that matters is like the end of the road like get everyone on the right team for the right reasons and it doesn't matter if it requires a Vibe shift and you see this all over the place you know credit to Palmer the
1:47:20
andal seed round obviously they had a ridiculously stack team and it was a you know Founders fund was involved but the the andril seed round was done at like 97 post or something like that talk about a mango talk about a absolute
1:47:34
mango seed round I know some people that and that was that was at a time that there was a very very very very small group of people in Silicon Valley that that even thought the category was investable at all yeah so to be able to
1:47:46
pull off around like that I know a big uh a big hedge fund that passed because of price Stak yikes um that's great let's do this one maybe another promoted post Esther Crawford former ex employee former Twitter employee uh says not enough
1:48:04
people know that the person behind Community notes is K Coleman it launched in January 2021 under the name birdwatch his product Vision withstood the test of three CEOs Jack perog and Elon and his expanding to meta's massive userbase
1:48:19
absolutely legendary product sense that is crazy like the it seems so obvious the community notes feature but it really is this is I am I am and I enjoy it I love watch out Brothers I'll put somebody in the truth Zone you'll put
1:48:34
two anybody in the truth Zone because the truth for you yeah is Paramount and it is crazy like there are so many posts that have Community notes on them constantly like almost every single one of elon's posts has a community note on
1:48:46
it and people are battling it out but it always surfaces extra information extra context really Elon Elon he's not out of the for sure it happens all the time yeah yeah a lot of times he'll quote tweet something that's like
1:48:59
a little edgy or conspiratorial it'll have a community note and then elon's post will have a community note too and you just see two of these but also as as someone who's in the program I see more Community notes than the average person
1:49:10
because I see them as soon as one person proposes it before one wins in the Battle of ideas the free Marketplace um you can see okay there's four different people and then there'll also be people people saying nnn like no note needed
1:49:25
and they'll put like why they don't think it's a note like it's obvious satire we don't need a note or somebody else will say actually we do need to knowe we need to link to this Wikipedia article or this this Wall Street Journal
1:49:34
article um it's a really cool system and then you can get in there write stuff upvote stuff um and and see stuff before it goes out and then um interestingly like they're really good with the push notifications hey you like the post and
1:49:46
now it has Community note we're updating you uh just really really great system and and just like it's not censorship it's just adding to the conversation which I really really like so I can still see all the crazy conspiracy
1:49:56
theories yeah because usually once a post goes viral people will correct it in the comments but they they may not get any attention and no way yeah rank well um this is half a promoted post but we're going to be tracking this uh we're
1:50:11
now I guess six days out until vardis second mission Delan is announcing vard is going to space again we're very excited for this we'll be covering it we'll be live the day happens and you'll certainly hear about it here on the show
1:50:26
and this time they're launching from vandenbberg but they're Landing down under in Australia very exciting very cool huge progress for that company very excited to see it so congrats to Delan and the team at vaa good luck bad week
1:50:41
to be a Delian hater bad week to be a Delan it's been a bad few years I mean some some of the dunks are funny there was this one where uh he posted a picture of like the new Factory floor and it was just like empty because it's
1:50:54
new Factory and somebody was like lot of space in the space Factory and I was like okay that's kind of funny but it's like of course they filled it in they filled it up so much that Andrew has to move out doin he doesn't have room for
1:51:05
his old vacuum but now going my backyard yeah exactly so it's all full cycle and they've been they've been growing a bunch they hired a ton of people I think they I think Delan said they hired more people in the last like two weeks than
1:51:16
they did in the first eight months of the company something like that so exciting love getting stuff to space we'll definitely be send some we're going to send we sending podcasting equipment and protect phips to the moon
1:51:27
so that we're it's ready for us when we when we get there just arrive put on the watch repeater and minute repeater it'll just be chiming yeah we need with a watch Winder with a watch Winder so it's wound the entire time sound maybe maybe
1:51:41
just like a chronograph yeah maybe more basic yeah yeah yeah something good got to keep the time speaking of keeping the time what do we got there on that promoted post we got uh the last promoted post of the day a gorgeous PCH
1:51:53
Philip reference 57 5270p with a pink dial available on wind vintage.com Eric wind is a fantastic collector and dealer and you can go check out this watch I mean this thing makes me emotional like I'm going to tear up looking at it and it's just a
1:52:11
very good looking watch chronograph too fantastic you were just mentioning this could be it's the daily driver that could be your new daily I want to keep track of how long the show's been going you have basically I need a chronograph I basically have
1:52:25
three hours to buy this watch before the brothers are going to be notified about it and so it's less now we're getting this thing up in 30 minutes after we your wife sorry canceling the promoted post we bought it our caning
1:52:39
the family event yeah later yeah well Jordy texted me last night he was like you should get on bezel and impulse by a PCH phip and tell your wife that uh it was an emotional reaction it was an emotional reaction like you're just
1:52:51
really stressed out about fires and like yeah and I encourage anyone who's uh suffering with a natural disaster to you know treat yourself yeah treat yourself little treat yeah I mean you should be able to put a lot of your net
1:53:05
worth as a percentage on your wrist and get out of Dodge and you should also have a car that goes 200 mil hour travel you saw people posting oh think about how much Bitcoin just got taken off the map because everybody in the Palisades had their ledgers one I
1:53:22
don't buy at all I think that people that live in the Palisades that are not like that are crypto like normies they're keeping their Bitcoin in ET like ETF ETF for sure maybe coinbase maybe coinbase maybe self- custody wallet for
1:53:38
1% of them but even those yeah it's your somebody was saying oh yeah they have their their um ledgers in the walls they they they used wallpaper and they had their their absolutely not like if anything I I if if you know I I was packing up in a relative hurry and the handful of things that were small that I could bring I just brought them and like watches are not going up in Flames there were for sure super cars that went up in flames
1:54:09
you know probably if it's a Palisades it's one of one Porscha and stuff like that um and so those have been erased from the market some kith M4 comps yeah a lot of kith M4 comps um but uh I don't know about Ledger wallets I don't think it was a
1:54:29
um sailor we lost a lot of good G wagons out of there yeah it's rough it's funny the the Palisades Village every other car in the parking lot is a G wagon if you want to stand out don't get a G wagon unless it's convertible or 6x6
1:54:47
yeah it wouldn't fit then it wouldn't fit in the parking garage that's a big issue of La there there there still are parking garages that don't fit G wagons yeah well you get the 6x6 and then you get it lowered a lowered 6x6 yeah with a
1:55:01
F40 Eng yeah all right but yeah just Swap all your engines all throughout your cars take the take the V8 from the F40 put it in the 6x6 buy six cars Swap all the equipments in all the Transmissions put exhaust on all of them Wheels yeah
1:55:19
yeah stanced under lighting for sure your SF 90 wheels on your you already lost 300K on the sf90 you might as well you might as well stance it and and get some under lighting some LED lighting we were laughing about that at F1 I was at
1:55:34
F1 in Miami and we were laughing about like so like all the different brands like the Mercedes team Before the Race they do uh like a parade and like it'll be like Lewis Hamilton in like some beautiful like gowing you know SLR I
1:55:47
forget what the car is called but like you know some 60s car and then the Ferrari come out and they're like these these amazing like what are the gtbs the the really expensive one they're all riding these like really Heritage things we were like well what's Red Bull gonna do like they don't they don't have like a Heritage car and we're like they should just show up in in like Stan JDM Red Bull Honda Honda S2000 wrapped like Tokyo Drift mode wing
1:56:17
with the wing that' be fantastic L under just max for Staffing just like that's 2000 just drifted we should actually get one of those just and then take it up in the canyons yeah it'd be great fantastic well let's close with this bucket pole
1:56:32
our last bucket pole we're out of bucket polls we got to print some more for tomorrow um last bucket polls from Grant and Grant says this is a low Taman Banger already follows us thank you grant 32 likes says uh picture of Rick
1:56:45
rubben and says the way that I speak to the AI has proven profitable to shareholders and and then Timothy blumberg says JFC this is an underrated post I respect it went out on Christmas or two days before uh great post love Rick Rubin I adver like that I like that screenshot too yeah Lucy advertises on on so Rick ruin is a nicotine salesman yeah well he he reached out to us he like likes the brand amazing it's amazing yeah that's that's a cooler
1:57:17
cosign to me than Rogan I love Rogan yeah but yeah it was a very cool moment for the company for sure it was awesome he's like I have no technical abilities I just consume High volumes of yber mate and nicotine yeah yeah he just like he
1:57:32
just kind of [ __ ] with us talk to the AI yeah yeah and so we we were like yeah we're happy Sport and and run ads and stuff and uh yeah it's always great when he has I mean he's he's become a great podcaster has great great guests always
1:57:44
great conversations the if you're looking for an episode to listen to of the of the Rick Rubin podcast I recommend it's called tetr amaton you can find it on all your podcast players I recommend the Travis Barker episode interesting crazy talks about the dude
1:58:00
got in plane crashes like all the blink182 stuff the breakup of the band and stuff where everyone went it's a it's a fantastic episode and obviously they they they like really really mind Mel because they're both in music and
1:58:12
creatives and stuff and uh you know I my experience with blink 22 has not been listening to a lot of like highbrow interviews with them it's like listening to the songs and the songs are kind of just like you know high school party
1:58:24
moshpit songs to me but there's this whole other side of this like brilliant drummer who's done so many different things and had this wonderful career and uh it's always fun when you go and uh see the other side uh one of the other
1:58:36
great music interviews that I listened to was uh the lead singer of slipnot I think his name's Cody something was on Larry King and it's this fascinating dive into he's like completely he's insane when he's on stage right slip
1:58:54
Knot's like the most hardcore metal band with like the faces and the masks and stuff Cory Taylor yeah and and then Larry King is like buttoned up in this suit this like this like one-on-one interview and Corey just has this like
1:59:07
very thoughtful analysis of like the politics of his music and the fans and are the fans crazy or deranged like why do they even need this Outlet he's from Iowa there's been a lot of displacement of jobs and a lot of uh a lot of
1:59:21
hollowed out communities and like why this insane music from slipnot resonates with them and it's it's just a fascinating watch so recommend that one too anyway we got to go we got to check on the houses they're probably all burned down by now but we will be
1:59:36
podcasting tomorrow regardless whatever you're doing go sign up for ramp unless you're already signed up for ramp which most of our listeners are already signed smart pitch ramp to another company yeah friends company text your group chat say hey you guys are stupid if you're not on ramp yeah next time you go do a dinner text your group chats and say listen to technology Brothers yeah rate them five stars you can always revise the rating
2:00:02
after you listen if if you disagree with your initial you know judgment yeah but start with five and then pair it back if you go to a business dinner your when you pay when you split the check it should look like the American Psycho
2:00:14
scene but only ramp cards and if someone doesn't have one got call them out call them out call them out hold them to it's called accountability folks called accountability that's the show we'll see you tomorrow thank you for watching goodbye