welcome to technology Brothers the most profitable podcast in the world today we are covering Max Meyers latest edition of Arena magazine you've heard us talk about it before it's one of the most beautiful pieces of uh literature literature that you can buy quarterly magazine from Max if you don't know Max
uh great guy great follow on acts some great posts talks about a lot of different things um works with Joe londsdale at 8 VC and has started publishing this beautiful magazine all about techno optimism technology companies business making the moon estate everything he covers tons of stuff and the and it's just beautifully
beautifully made you really have to go and and pick one of these up uh he has a deal it's not that expensive I think it's a hundred bucks a year 25 bucks a pop and it's something that you could just have on your coffee table and people could leave through and and it's it's just it's so well and you know what
the best thing about this is monetize from day one beautiful ads in the very first edition see that ramp ad in there yeah fantastic this ramp ad's great um there's a great levels ad there's tons of tons of beautiful ads in here which we love to see um and yeah this is just a good example of even if you're
monetizing through your users you should still you know directly via subscription still run ads right I want to see more substacks paid substacks running ads right exactly and he said he said something interesting where he's like kind of building this community of advertisers I think onethird of the tech stack that he uses to build the magazine
and run uh is is an active Advertiser so it's kind of like a One hand washes the other uh situation but there's just a beautiful layout you can just see that you just don't get this in any other magazine it's just it's just very very rare um and it's just so so fun so many interesting pieces it's the same level
of I I don't know when you were when I was a kid I I subscribed to Popular Science yeah uh which uh these days is probably like popular propaganda uh but the same level of excitement that I used to get as a kid getting Popular Science in the mail which was just like Euphoria I get this with Arena now there there is
one I have to take one issue with this uh it's printed in in Canada some Canada Canada where yeah it's some far off place and so hopefully they can clean that up because I don't know what's that actually feels a little off off uh you wouldn't want it to rub off no no definitely not well put on some gloves
but uh but a ton of a ton of interesting articles in this Edition uh they have a whole Deep dive on uh Rahul who you might know as ligma Lima The Ballad of Rahul ligma Rahul sonw son walkar uh and how he built his company and it goes through his prank at formerly Twitter outside with the box one of the greatest moments in Tech
History the reaction time on that is is incredible and only a real poster could have done that cuz often times when a news breaks you have 20 30 minutes to get a banger out yeah and he didn't even just get a banger he got physically got there with the box I had J him the night before this happened yeah and he was not
plan he wasn't talking about woke up and just did just like most most posts are are created in the moment right and the and the like you can see it on his face that he's just like so s he got fired it's so funny and there there was a time when then when like these types there's a whole movie about this the it's called
like the the other guys or something where this this this comedy troop basically figured out how they could go on the BBC and they would and they would act like they were oil Executives and be like yes we're really sorry for what we did we're giving away 10 billion dollar and the stock would drop and they would
get sued they didn't have any money because they were just trolls it was like amazing and this was like that this was like that level well the the funny thing I remember that happening and I and I knew Daniel like I i' met up with i' actually funny enough met up with him at Aran once and so watching that unfold
live I was like wait this is this is like obviously not real but even a large part of X like didn't know that it was a prank yeah everybody was pranked at once and it took like a while for people to be like wait wait wait wait wait these are posters these are not he was texting me as like as the day went on kind of
talking about like hey all these journalists are like hitting me up now to like tell my story we like do not say anything just like let the meme live you crushed it and it just led to all these incredible meetings I mean here's a picture of him with Jensen Wong here's a picture of him with Elon mus it's amazing because they both parlay that
into building like very unique very interesting businesses yeah exactly they didn't get hooked on the stunts they didn't become content creators but um but it's just fantastic and I mean there's a bunch of other cool articles in here there's one I mean look at this there and Back Again celebrating the cat
SpaceX catch the greatest catch of all time fantastic um just so so nice to see these in print then a beautiful ad for intercom and some questions about can I guess the question is like if you're running a scale up or even an early stage company why are you not advertising in this magazine right now
cuz such a way to Signal uh to the tech Elite that you get it and that you're cool yeah uh even if your brand isn't even that cool by itself yeah and it's a really it's a really lovely tour of like the new generation of tech Founders like nor sadiki is in here for orchid health and and and you will see her and other
people mentioned in this in this article also in like the Jason Carman S3 video series but then now this lives in like the print and few um kind of like it's like the media junk when you're doing like aomo for movie you'll go and you'll do like Jimmy Kimmel and then Fallon and then Cole bear or whatever and the the tech
version of that is like you do Jason Carman S3 you do you go on D Cas or you go on you know some other podcast and then you you know write an article for Max in Arena yeah if I if I was a seriesa stage founder right now I'd be trying to get a feature in this magazine at all at all costs cuz how do you get
in front of a more curated uh group of of people in Tech yeah San Francisco strikes back and just like wonderful layout wonderful wonderful to to look at open source defense Capital mission to Europa just beautiful I love this I'm I'm excited to read through this more I just received it in the mail two days ago but we wanted to do a deep dive
today on kind of the lead hero piece of this Edition um and did you read the did you read the actual uh letter from the editor where Max writes America Punk the whole thesis of this particular um the first P particular edition the second page so the first page is is Max introducing the the corporation name uh
a message from the president of The Intergalactic media cor Corporation of America um very bullish on making Humanity multiplanetary um but what I found interesting was his article on America Punk just this idea that that you can wind up and this really struck a chord with me because his basic thesis is like is like good
things are good but it's sometimes boring to say that and so he kind of walks through like capitalism is good for a bunch of reasons it's lifted two billion people out of subsistance poverty and it's the greatest engine for human flourishing since we've captured fire um and people will say oh no that's
bad going to space will be very expensive the idea of learning is racist Western medicine is racist and so there's these wars between like you know bad things are good good things are good um but at a certain point it becomes boring to just say good things are good it's boring like really boring it's a
topology it's what your dad believes and once you admit that good things are good then you have to spend your time making and defending good things which is hard because good things are often hard well it's funny because it actually became countercultural to be like no Capal ism is amazing right like I feel like uh as
a 28-year-old I grew up in a school system in which the teachers which ironically the American public school system the teachers were saying like here's all the issues with capitalism and like really fixating on the issues not talking about the advancements in medicine education housing all these different
things that uh have allowed for human flourishing yeah and so max argues that if uh but even if defending good things isn't very interesting it's still important and so good things need to be made cool again America needs to be made Punk America needs America Punk and so as one of the world's best things America has a problem it's currently
very boring to defend America as of now supporting America means your dad waving a flag on the 4th of July your mom scolding you to be more grateful at dinner defending America means a solemn forced Flag Day singing in elementary school um but if you wanted to defend America in a cool way would you go about
doing it and his answer is that you'd celebrate rebelliousness the spirit that made the country there's nothing cooler than a rebellion and that's America Punk and so he wants to separate it from these visions of the future that are like steampunk cyber Punk Adam Punk that are too narrow around a particular
technology and refocus on the spirit of the American people which I think is very very interesting so grab a flag in a magazine tell your friends to join the party because if good things are good then defending good things is better together and then he says thanks said um and it's just a very yeah it is an
interesting thing that the that like techno optimism has become consensus there's this idea that you know everyone is posting like oh the next four years are going to be amazing unbridled techn capitalism very much a we are in somewhat of a bubble even though it's it's overlaps with the real world but we still need to continue doing it even
though it's mainstream within technology now yeah but there's something about like when you're when you're on top of the world and you're you know just winning and it's very consensus like there's nowhere to go but down and that's very risky so I think he's he's right to identify that um we need to think deeper about what like raw Rah
technology actually means which which I think it's good that he's thinking now instead of in a year when people are like oh yeah it's boring like I'm not into this I'm not motivated by this yeah and that ties into Joe's piece though which is it's not enough to just be excited about technology you actually
need to and I think a lot of our uh a lot of the technology beires out there are starting to realize that uh there is uh you sort of can reach a level of impact in the private markets and then to have the next order you know of magnitude of impact you need to get involved with government y because it's
a huge huge critical aspect of our society and and the people that run the government and the decisions that they make have a massive impact on our on our quality of life um and so many different systems from me mental Health institutions this is a massive this is a massive shift from a decade ago where
bology gave that talk at y combinator called silicon Valley's ultimate exit are you familiar with this so there's this I I forget what his name is there's some philosopher and he basically said like when you're when you're living within a society that has a particular government you have a few options uh
voice exit and something else I'm blanking on all this but um but basically it's like you can stay and fight and try and reform the government or you can leave and bology was part of the you know libertarian crew that was like let's go to maybe New Zealand let's do sea stting let's do ice steing let's let's do uh you know interplanetary
colonization let's leave because things are so broken we can't fix it and that was the dominant thesis of most Silicon Valley Elites for a long time yeah and only recently I feel like people have shifted no I I my personal uh sort of personal anecdote here during Co living in La things were getting so dark uh I
mean it sounds silly saying this but like they couldn't they didn't let you go to the beach it really basically couldn't be outside so I was like why am I living in California if I can't go outdoors and be uh away from people Jo left California during that time so and I and I got very caught up in that like
my my experience in like April of 2020 was like on Zillow looking at property in Austin and Miami and and getting very caught up up in that and fortunately I decided to stay in California and sort of like try to have a small impact um so I and that ended up having being like you know I ended up backing like a city
councilwoman who had came in and made a tremendous impact on the west side right ended up uh more recently uh supported uh our new DA Hawkman who is uh you know going to do it have an incredible impact sort of cleaning up the city making crime illegal again doing things like that um and so I decided to say like no
I was born and raised in California I'm staying here I'm going to make it better even in small ways and if if if people with agency just decide to leave y things will just get worse and worse and worse so we looked it up it's Albert hman exit voice and loyalty so you can leave the government that you're under
you can have a voice and try and change the government or can just be loyal to the and I think no one in Tech wants to the last one that's why I could even think of it no's for that um but but it is interesting that Joe went through a period of exit with regard to California but has chosen to opt for voice with also he didn't exit the United States
yeah he exit the UN he started whatever University of Texas or what's the name of University of Austin University of Austin which is like hey we actually need to you know create these sort of like hideouts where we can build movement without you know you think of him as kind of like long America short
California which is like a totally reasonable trade um and so this is fascinating because you know you think of him as like you know paler like almost PayPal mafia esque guy very libertarian um and yet he's writing this article that's literally called how to spend a trillion dollars and so you you know the the drum beat of the
technologist and the libertarian for so long was just spend less spend less spend less and he's completely reframing this thought experiment to say what happens if you get a dozen top entrepreneurs in the United States together and just tell just ask them how would you spend a trillion dollars uh
not he's not talking about buying artwork or planes the type of things lottery winners might spend a new fortune on rather how would they spend public money to strengthen the future of American society and suppose further that you could skip the red tape how would it be different than the way we currently spend trillions and so he
breaks this down into nine parts and I love all of these they're very uh pragmatic but they're also very techno optimistic and uh it's just a fascinating tour of all the different problems in America right now and how you could go about solving them if you were very aggressive with the spending but also very like laser focused so uh
the first proposal he has is for $200 billion the small price of crush traffic and the cost of living in our 50 largest metropolitan areas and so his his argument here is that uh the average traffic the annual cost of traffic congestion in Texas has reached over ,000 per commuter in wasted Fuel and
time with the average commu commuter losing 54 hours in traffic each year and La residents as you well know lose over 80 hours in traffic per year for you it's probably 80 hours a month 80 hours a month now for me I wouldn't say I lost it because I'm either doing deals or listening to Founders podcast right
there's no it's all about frame of mind yeah yeah frame of mind but uh or or are charging $10,000 an hour on intro yeah so if you're making money while you're on the call then you're good um but basically you know he's saying Los Angeles can't build a Subway tunnel for less than a billion dollars per mile how
could 200 billion meaningfully improve 50 cities the answer is competence here I went I once wrote the mayor of Austin about new technology with proven economics tunneling and so he's advocating for building more most likely so the boring company is like that sleeper company in the musk portfolio that everyone hates it dude if
you go on YouTube and you search like boring company update it's just all of these Communists posting videos of Elon Musk with clown nose on and they're like it's not working it's not working and it's like you don't realize that you're giving him the attention like you could have made those same videos about Tesla
for 10 years when they like were barely shipping any cars it's like you don't understand how this works like he spends 20 years on something thing and then all of a sudden it's like there are tunnels everywhere like there too many tunnels it's like most people say like too many Teslas out there now yeah so my
my uh my roommate uh work for the boring company uh my roommate the first year I lived in in La out of school and uh yeah he ended up moving to Vegas because that was like where they could get a deal done and and they they're building out a bunch of uh tunnels there so I'm excited I mean that people love to harp on oh
the tunnel got some water in it it's flooding it's failed and it's like maybe but maybe not maybe he'll just just keep working on it and he'll just fund it forever until it works and but the the the very like fundamental like economic physics like the laws of physics around the project to me are just so obvious
because it's like you have a a a resource which is essentially land underneath cities that's extremely valuable that no one has access to so if you can get access to it incredibly valuable yeah theoretically there's way less laws if you go 100 feet underground than above ground where it takes a billion dollars to make a mile of track
because there's so much regulatory burden and and approvals needed and and oh we need to buy we need to like buy this person's property for some egregious price because like you know 10 square feet of it like touch where the track would be all that kind of stuff so just the the solution is just like go
underground and I think there was this there was an there's a change in the law where you used to if you bought property you used to own like technically essentially everything from the core to the Earth all the way to the sky and then eventually they said no there is a cap so planes can fly over you and stuff
and and they did that underground it used to be that if you owned a piece of land you could pull as much water from the aquafer below you as you wanted and now everybody's like no this is actually a shared resource like you you can't just pull as much as you want well have you ever been on the red line out to
Harvard in Boston or Cambridge it's the craziest thing so you're on this train that's just going straight like subway it just works really well and then all of a sudden it slows down and starts screeching as you're pulling into Harvard and the reason is because in 1776 or something George Washington wrote a letter to Harvard and said I am
granting you this land permanently no matter what cannot be revoked under any circumstances and so they own the land like forever and all the way to the core still they have they havein of what estate for them and so when the subway came they were just like no which is really stupid because it would have been
so much better for everyone if they just been like yes cell phone but but but yeah it like it like screeches around the corner to get there because because they were like no like you can't you can't dig under us like we own everything and and and our proof is a letter from George Washington like cuz they were there before before the
country it's older than the country I'm pretty sure I think it's like 1600 uh it's crazy so uh Joe Maps out a couple more stats um he says uh he says while saving over 90% versus above ground infrastructure with cost of a single tunnel about 10 million per mile add adding a second Direction in some places
as well as stations and erass about every mile brings the total cost to 25 million per mile uh in 2020 we mapped out a sample Austin system for 1 billion connecting the airport several downtown locations and the Q2 soccer stadium the project has more connections than the proposed 5 billion above ground rail line at a fifth of the cost for 5
billion it connects a much larger area yeah the interesting thing with tunnels is it's actually like a very good fit for uh like Robo taxis because it's such a more controlled environment you're not going to have like a dog run through the tunnel or like some Kid come out of school run out or like C Tesla like self
driving system could easily do that no problem and and is like that's kind of what's what what's happening in the Vegas yeah and and and every time you think that uh like I I would love to see like the Walt dis Walt Disney had his like you know master plan multi-year of like how all of his companies interact
like I'm sure Elon has his version of that he's like we're building the robo taxis which will be ready when like all of my tunnel networks like come online and then like all every you know 50% of people that move in the United States will be in like a in one of our tunnels or like one of our cars or both at the
same time it really is just like musk ink 100% uh so let's go to number two Joe lale says for 100 billion take back our prison system from incompetent bureaucrats says America has two forms of Stockholm syndrome in its approach to criminal justice coming from the extremist left there is a desire to
coddle violent criminals and allow repeat victimization in the name of social justice but across the political Spectrum there's another problem the total capture of the prison system by bureaucrats unions and corporations whose incompetence we tolerate speaking of Stockholm when the American criminologist Francis Cullen won the won
the Swedish government Stockholm prize he proposed to spend $10 billion in new prisons his framework was as follows 10 prisons will be developed each funding each funded at 1 billion each a competition of proposals would be undertaken in which states would partner with criminologists and prison experts
from around the world as well as from private Enterprises to set forth a model for prisons um each prison proposal must be shown to IR rational scientific and to nourish the development of prisoners in each proposed prison each prisoner must be engaged every day in activity education work or treatment and there
would be ongoing process and outcome evaluation by a team of researchers the Cullen framework is a fine start but if a bit idealistic not all prisoners need to be nourished some are hardened Killers to be locked away but approximately 600,000 people leave prison each year and an estimated 95% of
prisoners will eventually return to our society yeah this this segment on like paying for there's been a few well yeah paying for performance like almost like recruiter style where if you work with a a recruiter in Tech and they don't find you anyone good and you don't hire anyone you don't really you know maybe
you pay a little bit like a small retainer but you don't pay much and the same concept is is being um has been applied it was applied in um he talks about how it was applied in Arizona Y where the state allowed County governments to collect up to 40% of the cost savings to the state when fewer people under their parole and probation
supervision went back to prison Y and so that incentive just allowed uh made the institutions actually care about care about the long-term outcomes of their prisoners which I think is fantastic uh Palmer lucky actually said that he was thinking about doing uh private prisons before starting anderol and Ander roll
was just like a much bigger much more important job but thought that there was interesting yeah and it is crazy that he I mean he mentioned that like maybe 5 years ago I'm surprised that no one's run with it and we haven't seen like a venture-backed prison start up but that sounds like a task for will monitis probably will and Foo can do
that before their next their next big one yeah I mean like if if Palmer's throwing out ideas like that you would think but it's not enough to just say like oh Palmer like validated the idea so I'm running with it like it's clear it takes a very special person to be able to do that and thread the needle
yeah the and also I'm sure it's a very rough like industry to work in like my mom was a nurse in prisons and like it's just brutal Sheriff depart while was Sheriff he corrup there there were a handful of of tech Elite that went to prison because they were paying to get their kids into schools and so we need to go after those
people who like experience the prison system and be like hey like let's make a change here you understand you understand the product right like let's like makes this better but you know when people will will post a picture of like a Nordic prison and they'll be like it they'll try to like critique it and be
like look how nice this prison is like uh like of I'm sure that people just want to go to prison it's like nobody wants their freedom taken away we our prisons should be places that allow in general like there's people that are too far gone I I strongly believe that that just need to be locked up forever like
they just you know didn't P fail the test like you you know you should be gone but then there's this whole contingent of people that obviously should be in an environment that is conducive to personal growth to learning to even just being in a mental state that allows them to think more positively about life right and like
build their self-esteem back up because um you know going and being thrown in effectively a dungeon is not going to be conducive to um the mindset that you want those people when they are those 600,000 people that are released every year uh you want them to be in a mindset where they don't hate the system right
um because then they're just going to continue to rebel I wonder what Martin scy thinks about prison reform I bet he would have some very interesting takes he talked to I mean he talked about um he talked about at at hereticon he talked a bit about his um his experience in in prison and and why you have Diddy
and SPF in the same in the same uh prison in Brooklyn um but uh longer longer conversation there yeah let's move on to part three uh Joe says for 100 bill billion dollar build 21st century mental health institutions so very related to the previous Point um we'll we'll read the lead in here at the peak of of institutionalization in 1955
nearly half a million people in the United States were in Mental Hospitals the 1962 book One Flew Over the Cuckoo's Nest and the movie two dramatically changed how Americans viewed that system and not totally without reason the system had obvious defects and needed reforms but Generations later after we ended nearly
all Institution ization we have a serious crisis in our society many people with serious but treatable mental illnesses that would have benefited from institutionalization have been left to prison and the street so this this was the thing that stood out here y this guy Christopher rufo y found that in his
home state of Washington the per capita number of me State Mental Health hospital beds had declined by over 90% since the 60s and anybody who's been out in the real world like would would probably guess that like our our mental health issues have not sort of reded by 90% And you can see that on the streets
and you know I know um I was talking to uh to a CEO that um like a very successful like founder CEO talking about his um you know family's like battles with um you know bipolar and how alone you feel when you're dealing with that because there's no it's literally like it is 100% on the family to provide that level of care and there's almost
like no quality resources that can help kind of like address that it's incredibly uh challenging to deal with it's interesting because at least in California there's this story that might be somewhat apocryphal that like all of the Mental Health institution closures are due to Ronald Reagan um and I'm not
sure how true that is I'm sure it was like a process but um it's fascinating because it it's it's actually a very libertarian and and and somewhat right-wing philosophy but if you look on a political Compass there's like leftwing libertarianism right-wing libertarianism they're kind of two different things culturally but uh there
is a Libertarian argument to say you know what keep the government out of everything keep the government out of my mind keep the government out of what I do if I want to sleep on the street that's that should be my freedom um but the argument that I've heard that's much better and much more convincing to me is
that no like as a society we have a duty to step in and help people who are suffering and and it is unacceptable to let someone do drugs to death on the street and we have a moral duty to step in even if that does have a little bit more of an authoritarian bent relative to the libertarian like you can just do
whatever you want but it's odd that like the libertarian position has kind of been adopted by the left to some degree because you would normally think that of someone who's like well no I don't want my tax dollar is going to a mental institution and no if I go crazy I want to be able to do whatever I want like
stay out of it right that's kind of a that's kind of a Libertarian position and yet it's become like the standard on the left very oddly yeah which is why I mean I think this entire piece is is a very interesting perspective from Joe who's very libertarian in general to just like take an opinion of like okay like I'll
I'll you know run this exercise of how you might because the money's going to get spent one way or another it's like a venture back startup like if you raise like the United States raises like five six trillion dollars a year like they're going to spend the money yeah yeah um let's go to number four uh number
proposal number four is for $50 billion uh you can make our our inner cities a place where children Thrive londsdale endorses uh Brad gersner idea to give every American child oh whoops that's the wrong one uh lale proposes spending $50 billion to replicate successful Community programs like the Harlem
children's Zone I hadn't heard about hcz have you heard about this no because it's funded by uh Jeffrey Canada and Ken langone and Stanley dren Miller and it covers an area of 100 blocks in Harlem and apparently um it's been it's been remarkably successful and very very high Roi and so his argument is just like we
need to scale this the one program that's actually working basically just like put more wood behind fewer arrows yeah um confronting issues directly such as a need for male role models and addressing maternal drug use the program has significantly improved test scores and future income prospects for participating children and there was
some stat in here about uh yeah I love this one the benefits to the public are enormous converting a high school dropout to a high school graduate is worth more than $250,000 in public costs over a lifetime incredible so um like huge hugely hugely this is exactly like where the government should be investing y um so I
love that scaling such models would involve rewarding programs that achieve measurable positive outcomes aiming to reduce intergenerational poverty and creating environments where children can succeed love it there's some great pictures from the Harlem Children Zone yep uh step five is for $100 billion
give every American child a stake in our economic future and yeah so this has been something that Brad over at altimer has been um talking about for years and is actually making some substantial moves on because it's it's really not that great of an investment to give every new child in America $1,000 in an
index fund the day that they're born okay and over time you know through compounding it'll become like a very meaningful amount of money that would help them buy their first home pay for college and teach them about the power of compounding growth which we understand here on this podcast because we went from zero to a
thousand followers on X in you know a few weeks and we're going to get to that second you know thousand follower Mark 2,000 you know in about seven days so uh people like the more that we can educate the youth in this country on compound in growth and and be able to not just like learn about it but experience it
directly I think that'll be very uh powerful yeah it is really hard to get hooked on long-term compounding growth yeah like it's so easy to experience the Euphoria of buying a lottery ticket like I still remember the day I bought my first lottery ticket and I was like I'm going to win like was the only lottery tiet I ever
bought but for that like week while I was waiting for the numbers to come up I was completely delusional I was like of course I'm not going to win like this is so stupid I should never do this um but but it's very hard for something that grows slowly so imagine if like over the first 10 years of your life you're just
watching this account go up and up and up and you're just like and not being able to touch it exing psychologically at a very young age we're we're uh you know we obviously love Bubbles and speculation and you know being risk on but kids are getting exposed to meme coins in like middle school now which is like an unregulated
Lottery like they I you have to be 18 to buy a lottery ticket right yeah um so these kids are able to go in Middle School buy Salon of meme coins and you know they think they're going to turn $17 into $3 million like that guy did with with peanut but uh it's teaching this sort of like uh experience of
instant gratification and low effort for potentially extreme Roi but it's basically just encouraging you know gambling or lottery ticket buying so yep it's a big issue uh step six in Joe's plan is for $50 billion restore the American industrial skill base yeah so this this this um this reminded me a few episodes ago I
was talking uh about a guy that I use for like handyman stuff he was telling me like oh I'm learning how to like build websites and and I told him I was like that's great but like you realize there's there's infinite other things that you could do that you're probably already like more competent in that if
you just really specialized you could make a very meaningful like sixf figure income and have like very little competition in doing that uh we don't need people that we don't need more people that know how to build websites right we need more people that know how to do like you know I think somewhere in this article example is tooling
Engineers so he opens with Apple CEO Tim Cook once remarked in the US you could have a meeting of tooling engineers and I'm not sure we could fill the room in China you could fill multiple football fields and this is why they're kicking kicking our ass on on you know iPhone and electronics manufacturing because
there's so many integrated parts and there's so many you know little CNC Engineers little uh you know all all sorts of little tools that need to be made and the tools that make the tools like there's like 20 20 layers deep in the supply chain and we've just lost so much of that yeah and I think we're in
this amazing moment in time where we have like a bunch of friends of the podcast that are building you know people like Aaron um the deer kid forget his name um Phil right so people like Aaron and Phil that are uh building Manufacturing Company here in the US hadrien deterrence so many important companies but what they're
going to run into like a big challenge is not even just making these new Manufacturing Systems but is a talent thing right like how do you actually find people that are qualified and a lot of these companies will end up in a place where they're like we have six open roles that are all sixf figure jobs
and we don't know where to find these people right and it's actually good for the people that do know how to do it but a lot of those people are retiring right they're not we need a new influx of manufacturing talent and uh these are very like they are jobs that require you to like use your hands and use your body
but they're jobs that will give people real dignity over going and working at Chipotle you know or going and working in the McDonald's drive-thru because you're being very productive you're like producing things that matter not just producing junk food and um there are some risks have you heard of the sorin
desert Institute SDI have you ever heard of this no okay so uh it's a very popular sponsor on gun YouTube so gun reviewing YouTube you they often say if you're interested in getting into like the manufacturing Gunsmithing you should go to the Sor and desert Institute which is an online college blew up during
covid and they teach you like the basics of how to use machinery and use tooling to become a gunsmith and work in the arms industry very cool idea uh and the economic model works very well for them because uh they're GI Bill uh compliant and so if you come back from the military and you have GI Bill dollars that you could put towards College you
can put that towards SDI now there was a bunch of criticism recently about SDI not actually driving better outcomes and kind of just giving you like very basic high like Gunsmithing is such a you need to do like a lot of these things like are better suited for an apprentice model I want to trade scholes that feed you into apprentice
prams and people like I always help you know I told you know my my handyman uh buddy I'm like go find somebody who's very talented at one specific thing and offer to work for them for $30,000 a year and do 12-hour days and do that for two years and you'll come out of that being close to an expert right like
you'll learn enough during that period so Joe's solution here uh he points to Texas in 2014 they aligned incentives and funding for its technical colleges and started paying the schools based on how much the student earned they can fake graduation rates they can fake teaching skills but they cannot fake the
results income this approach resulted in a doubling of the total amount of money being made by students in just six years money that goes back into Texas through local taxes when bureaucrats have a strong financial incentive to deliver better results they will and I love that yeah I think there's a lot of you know
just like there was an explosion of like effectively trade schools for software engineering the same exact thing you could do that for Machining Plumbing electrical work um all all those sort of like you know specialized categories so let's go to number seven for $200 billion one of the bigger ideas create
better funders of Science in America Londale proposes allocating $200 billion over 10 years to establish new competitive funding bodies for scientific research challenging the dominance of Institutions like the National Institute of Health he argues that the nah has become risk averse and bureaucratic often stifling Innovation
by creating alternative organizations that reward high-risk high high reward research and Empower young scientists the US can invigorate scientific progress this is something we were just talking about in that group chat yeah I think Venture Capital has like stepped in here to some degree because they'll be like you know the um the long journey
team will like find give some like researcher basically like 200k to two cap to be like just work on this like weird idea CLE that's and we need that like that's risk Capital but our government should be giving like basically risk capital Y to like important sort of scientific scientific Pursuits it goes to that
discussion we were having in that group chat about like invention versus Discovery yeah just this idea that you know some of the biggest breakthroughs in in science have been more discoveries than inventions not very diligent it wasn't really us liard Venom yeah lizard Venom is a good example with OIC but
even penicillin I think is it it's this uh our friends were referring to it as the gentleman scientist the the person who's just experimenting and testing things and then just locks upon something really really so many discoveries and it's and it's very hard to facilitate that these days in the traditional academic institutions or the
T typical tracks where it's like there's a certain amount of time you have to publish a paper you have to get this many reviews and this many uh citations and it's become uh too rigid and so he definitely wants to pull back from that one so one thing that you know He suggests is saying that um like a a
public scientific funer would be filling in and funding research gaps where Innovation isn't profitable y um and so there's so many uh there's so many drugs that potentially have impact in like areas that they weren't initially like approved for that are non-profitable to fund research in because you might have
to spend 20 $50 million like proving that something works and then it's not it's a generic drug so there's no like margin to be made or like Edge or like IP that you can create and so um there's so many different areas where that applies and honestly it's like the a oftentimes like bro scientists that are
like doing this like research like on themselves right in many ways like Brian Johnson is doing a lot of this on himself where he's just like I'm G to spend millions of dollars like figuring out how to sleep like 5% better because that's going to deliver some some of like the greatest I mean we're seeing this all over the place where I think G
is probably one of the most respected like researchers on stimulants uh Josie Zer developed like her own vaccines during covid and was like testing stuff on herself it's crazy uh and then uh Aya has like one of the most she has one of the largest data sets on like sex related social science and can can put
out research that's like way way more robust than anything you'd see today so there's this weird uh there's this weird model shifting to just like these independent researchers and um but yeah I mean I I I think Joe's hopefully it's it's it seems like he's optimistic about um retooling some of the funding that
does come from the government to drive Innovation within these organizations um but let's go to number eight he says for $100 billion upend the energy future and put degs out of business and his argument is that if you invest to it100 billion to uh revolutionize the energy sector by promoting abundant clean
energy production particularly through nuclear power and carbon capture Technologies um he criticizes the nuclear regulatory commission's obstructive processes and advocates for its reform and I've heard this so much from all the nuclear folks that there are like when you're getting a new reactor design approved you have to have
an actual hearing for things that are completely uncontested yeah yeah there's um they had a funny quote in here where the uh n NRC was was bragging and they said the 12,000 page application took less than 42 months to review can you imagine being the guy like building something and and put together this like
12,000 page application that probably like could have been it probably could have been an email you know and then you wait 42 months uh you know just to figure out if if if like you're good to go yeah um that is just like criminal in my opinion it's terrible um and uh and he includes this incredible graph here
of the uh the cumulative nuclear construction permits and operational plants over time and you can just see that after the 70s the number of new operation plants just completely flat lines and there's just no new development and I think it has started to tick up again but it's it's nowhere near like the the ASM totic curve that
we thought we'd be on with energy2 t meter so very very very depressing but hopefully there can be um you know uh really significant overhaul of the NRC um Joe advocates for starting by abolishing the nrc's awful incentive structure conceived as a cost-saving measure but which has backfired awfully
Congress forces the NRC to fund its budget through fees paid hourly by the very companies it regulates not unlike a law firm or consultancy um if you were funded to regulate by the hour how long would you take it's like the worst possible incent same thing with like the Cost Plus model within defense you very very B if you're
getting paid based on how much something costs like you run up the costs yep and let's go to number nine billion doll give back the rest of the money in his final proposal Londale recommends returning the remaining 100 billion to the American people emphasizing the value of individual liberty and economic freedom he believes
that citizens are better equipped than Central planners to allocate resources efficiently by giving the money back perhaps through tax rebates or direct payments individuals can make their own choices stimulating economic growth and just demonstrating trust in the populace yeah so he positions this very well
which more people should understand is that when the federal government does things like a quote unquote stimulus check they position it as a as a payment or a tax rebate uh and and that effectively implies that the money was never yours in the first place but it was it was your money that the government effectively took from the
citizens and the businesses institutions in our country and uh it you know I I think that the government should position that more of like Hey we're giving you back we we sort of over taxed it's your money I always like to J spend it how how you wish did you know that every single year
the United States government collects enough money in tax revenue to give every single citizen a 100% tax rebate is that they could give every single person 100% off their taxes but they keep all the money for all these projects it's just it's just a total just whatever they from they sound S one of those one of those stats
that's like oh you know if they they could give everyone a million dollars but no it's really it's really like whatever they taking they could just give back but so they have to justify what they're giving and it has to make sense and I think he has some great proposals there yeah people don't
realize that like income tax was illegal for a while in US history right it was like it was something that the founding fathers were very against found of many ways it was like us the Brits hey look we don't we don't like these taxes like let's let's end this yeah we've kind of like wound up with such a hodgepodge of like corporate
taxes income taxes there's taxes on all over the place and people wind up moving around the country to find like their optimal blend but um a blend I think I think it's it the most interesting thing with with this is is definitely to like to close on is that there's a shift from from just burn it all down stop
everything to let's be more efficient with the money I honestly like that um I I I think BAGI Inc baji's like consistently had extremely interesting ideas and been right on a lot of stuff and the area that I just strongly disagree with him on is he's like very like Pro like exit like let's just leave and like rebuild from the ground up and
I think that experiments like that should be run at the same time we want the best and brightest in America to be focused on how do we make this place a better place y for everyone exactly so it's a great movement I love it well thanks to Max for publishing that in Arena magazine you can go pick it up and
give him a follow because it's a fantastic publication subscribe to the magazine subscribe to the magazine before we dive in should we indulge in in a in a beverage got a always have a bun and uh thank you to enchilada surf boarded we received some beautiful koozies that we're enjoying very much they're certified for milk only but
we're drinking Celsius in them so figure out hopefully it works so today we have uh organic uh coconuts uh we always let's see it's a product of Thailand so it came off the boat I like that they send it in the the Nature's packaging I no you pull that off and then you go like that so you break it and then you
can pull this little thing off okay uh pull off the top then you got a little straw here little microplastics uh um take this off and we record for many hours here in the studio so it's good to have a little we're like endurance athletes that need a little like sugar boost along the way um so these are delicious I think I got a little coconut
meat in mind so it's uh me too I'm pretty jammed up jammed up uh but we'll uh we'll make it work and and uh thank you to Melissa's organic now it's going coconuts that's good um delicious delicious um I love that do we I think we have some let's go to some DMS do we have some Personnel news oh yeah so we
have a new segment on the show some Personnel news where we are tracking the biggest moves the biggest pickups who's entering free agency who's getting long contracts in Tech and our first deal or move of this show is yeah I mean this is this is breing news in the tech World folks we have a major move happening and it's shaking
things up as we speak Brandon jacobe yes that Brandon jacobe former product designer at square and cash app the guy who's had his fingerprints on products used by millions of people is officially making the leap and after an absolutely electric stint as a first hire at party round where he built a product that was
the to of the Town Brandon jacobe is now joining you heard it here second X you heard it first on X that's right just landed an absolute stud and uh I think it's worth telling you a little bit about Brandon jacobe this guy is a grinder we're talking 20 hour days in figma every single day if it's 1:00 a.m.
if it's 4: a.m. Brandon is there locked in Pixel Perfect making magic happen nobody and I mean nobody knows their way around figma better than this guy his taste impeccable attention to detail unmatched low ego high output we're talking about a technician a Craftsman a Relentless perfectionist an absolute dog
an absolute dog so what does this mean for X well they're bringing in a player who doesn't just make products he makes phenomenal products he's been in the big leagues building for millions of users and now he's suiting up to take X's game to the next level this isn't just a hire this is a franchise altering move an
absolute dog by every definition watch out Tech World Brandon jobe's coming and he's ready to dominate you have any details on the contract well yeah I mean he's an absolute do I think uh you know the deals weren't released the details weren't released of this deal but you probably think it's a you know four-year
deal maybe oneyear Cliff 7 figures big big deal for him I mean just look at the stats he's P picked up uh former Rookie of the Year Contender potential future Hall of Famer pushed millions of pixels every year in day in day out uh extremely technical extremely detail oriented and I'm really excited to see
what he does this season he's coming to a platform that uh we all use and love it's the foundation this podcast and our you know livelihoods and we're excited to get this level of talent uh working on the product that we spend hours in that feed every single day so thank you to Brandon forrat to X on the on the
pickup big pickup big pickup that's great uh let's go to some Q&A we got a DM uh we got a question from Mickey with the blicky he says Hey guys VC Mickey here I got some great advice last week about Angel Investing and starting small I decided to take your advice and basically put my entire net worth into to xrp it's now up almost 80% over the
last week can you guys offer any tips for risk management man my only advice here would be rotate out of that is this real did xrp really Moon I can't I don't know uh I love I love the uh it's up like 100% here we go I love that risk on attitude here's what I would say uh if I were Mickey I'd be rotating into other risk
assets like early stage startups but uh in the reason for that is I think that uh ill liquidity is a feature when you got something like xrp that's moving 100% in a week get into something that's ill liquid get into something that's marked on maybe like an annual basis something like a seed stage startup uh
just so you can go focus on other things right um a lot of people get caught up into day-to-day price action with crypto and that can be a huge distraction from actually creating Enterprise Value in your job in your in your company and uh so anyways get into something a liquid lock it up lock in the gains and uh go
long yeah good luck out there uh our next DM comes from uh an anonymous uh poster who writes in hey do you have some time to enlighten me on your experience with creating a consumer package goods company how did you validate the market I have a group of talented individuals that hit me up about an idea I shared publicly and I'm
evaluating taking next steps what do you think how do you validate the market for a consumer consumer package goods company I've been through this a few different times and I and I kind of broke it down as there's two different ways one is kind of the Brian Johnson way you start talking about the idea and
the problem that you want to solve extremely publicly become the face of that problem so for him it's longevity for Joo you know it's performance in the gym this like athletic militaristic style and then that fan base will will buy kind of anything from you yeah is more product Le more product driven
where you're doing real R&D locking up a supply chain kind of like what the ridge wallets did a lot of our early stuff at Lucy was around like FDA applications patents stuff like that it took a long time to get it going we weren't the face of nicotine yeah and to some degree we still aren't but we have like a very
narrow set that's like you're kind of the face of nicotin but it came later yeah but it did come later it wasn't like we we we we we we went like you know influencer or brand first and then kind of we able to sell a commoditized product we had to do something unique so I think a lot of it's like well what's your Edge in this
product can you be an like an operational beast and then grow slowly but what what do you think another another example so launching uh rora water filters actually tomorrow uh that's an example of validating that opportunity was looking at the market you know consumers are already spending billions of on water filters so it
wasn't a question of do people buy water filters or are they going to want one and so what we did with that is we took a popular water filter called um uh called the berky and we looked at it and we said how could we make this better on 10 different dimensions right so we made it way way way more effective we went
and did the hard work of getting it it proved out that it actually works and then we made the design better the usability better all these different things that we knew consumers cared about and so we've spent somewhere in the seven figure mark on testing an R&D to get the product where it is today but
we know that the product is going to be a hit because we took something that was already out there that consumers liked generally and we made it dramatically better and so I think if you're um most consumer products uh you know a friend of the podcast John F has made products over the years that were like first of a
Kind something like he made like the gravity blanket something like that's much more of like people weren't really buying weighted blankets like they weren't really a thing until he created it um but a lot of consumer products are like you know even you know looking at this on the table it's not like people
were already buying coconut water was like hey can we sell them the same product just like in the in the original packaging basically like one of my favorite stories from Foo is uh when he when he launched the moon pod which is a uh it's basically like a big bean bag but it's even bigger and softer he realized that he he shot some video of I
think it was like a woman falling backwards and getting caught by the bag and just like falling into this really comfy bag in slow motion and that one asset probably drove like a hundred million do in sales on Facebook and he just knew that like that it was just a few frames it was like it was like
almost like an animated GI but it was you know a few seconds and it just stopped you in the feed and so having that like what is the hook what is this one thing so there's a bunch of different ways but to to Val validate the market it can be like it's so big and so obvious and you have some Innovation or you're so charismatic and
you're this you know heroic influencer who's going to have millions of fans buying whatever you sell or you have some hook that you just know will go viral there's a lot of companies that have done like stress tests or some other stunt uh liquid death good example of like the brand just stood out so much
that I'm sure if you ask them how did you validate the market those guys would behind liquid death would just tell you well like we looked at our brand deck that we built we were laughing and we knew that it was G to be good because it was it was unique it was and it was just going to pop like they just knew yeah every
um uh my wife invested in a company called graza have you seen them yeah which is like a squeeze bottle olive oil and she invested in that company pre- launch and she looked at that being like I know people like olive oil they have this like new form factor that was popularized by chefs they're going to put it into this new form factor and
it's going to work really well on social because it's such a like Dynamic way to use olive oil and so that was and and they got to I don't know what their metrics are they'll probably do like a 100 million next year some crazy number and so um you know sometimes with with consumer products like I've found it's
very binary like sometimes I look at something and I'm like this will not work they launch it and it flops and then sometimes I look at something I'm like this will not work and it launches and it just rips um and uh timing has a big part to play in it but then you need to look at like what is your edge with
the product like with Lucy it was like early focus on like the regulatory aspect uh with rora it was like let's just spend longer and be more obsessed with design and efficacy than any other company and testing than any other company in the market and then something like graza was like even more simple of
like let's just change the packaging sell the exact same thing and it'll work well on social yeah it's kind of like I mean you should be able to boil it down to some sort of elevator pitch that just makes sense and you have a lot of confidence around like what are you doing it's actually different and if
it's just like oh we want to launch this because we think it's cool like you know yeah get out of there you need to be able to articulate better people that are considering building consumer products like you need to go into it like yes there if you have a hit consumer product you can scale it very very quickly now like yep f is like a
good example of that when something works like he scales it very quickly but more consumer products like company like Ridge ridge.com they'll do like 200 million top this but just operational excellence over almost like a decade and the you know in like the third or fourth year it was like a $5 million business
but it's like what what game are you playing yeah you have to understand like are you still going to want to do this product if in the first year you do 500k the second year you do a million the next year million the next year you do 3 million and then the next year you do 10 and the next year like are you still
going to be wanting to play that game if it's not a rock it probably means less venture capital and it probably means higher ownership for the founders over the long term you look at the stories of like Red Bull monster like these guys they grind for years and years and years and then they pop because they're in a
big market and they do have the The Branding and formulation correct but they're but they own enough to make it worth it and as long as you get I I think the real key for those consumer goods companies is like you have to work super extra hard to get the first to get over that first hump where you can
actually be taking a salary that makes your life like worth living basically and then once you're F flying business class and like covering your your Ks are in good schools and then it's like okay well I can grind and compound for a very long time but those first years where you're just making no cash flow and it's just brutal it's just
through it it's very Val I think that the the category that is is the biggest trap is beverage because people look at a beverage like Celsius and they're like oh Celsius does billions billions of dollars a year they're like oh it's so simple I can create an energy drink you know that the founder prob went to every
single CrossFit gym for like four years straight yeah and did tastings for 12 hours a day and was laughed at and like product defects and problems and all this stuff anything that looks easy I can guarantee you it's like deeply competitive and beverage is an example of that it's like the most Cutthroat
industry exactly uh so we have a new segment on the show reply guy of the month let's go every month we're going to try and give an award to the biggest reply guy for the show so get out there reply to every post that we make quote tweet us retweet us like us all on X send it around give us your best replies
because uh you're going want to win guy of the month this be speci great honor you're going to be you're going to be on the wall here in the studio so uh this month's reply guy of the month is uh an intern at redl AI he's 18 years old I see great things in his future says his ex future Founders he's at the
University of Houston studying econ and finance love that he says he's right EAC views are my own and I didn't even know eak would had there was like left eak or Rak but cool for clarifying uh he's out in Houston Texas and he has a wonderful wonderful header image of Donald Trump Peter teal and Tim Cook hanging out uh I
could see him in that same group at some point you know if he keeps accelerating like this for sure uh and so this month's reply guy of the month is a meet blesa y congrats Amit you are guy of the month and he's I love this about his profile I mean good good numbers for such a young kid he joined in April of 2024 he's only
been on X for a couple months he's already got over 1K this is the reply guy territory you you got to be the reply guy to get to 1K then you can start doing the inside jokes grind your way up to 10K then once it's 10K to get to 100K it's got to be the cringe threads and then once you're past 100K
it's just fake news all the time on the path he's in he's in some Community that's highlighted on his profile that just says the teal lists and it's only two members he has like a community it's just like him and one other dude him and his dog absolute dog his absolute dog like could just be a DM bro but I like that you're publish
publicizing this and he's followed by another friend of the show Red Bull futurist so you know got so congrats to Amit you are the reply guy of the there's never going to be another first honorary reply guy of the of the month for um yeah and to be clear reply guys is the spiritual thing like you can be a woman
yes um whatever gender can be a reply guide you're your thing could be quote tweets you don't actually have to reply it could also just be spamming our DMS constantly yep there's a bunch of ways to get here um and there will be many more many more many more let's go to the timeline and then we're going to start
working in some promoted posts uh we because we ran a a poll and you guys wanted at least 60 ads in every episode so we're going to do our best get there it's going to take us some time to get there but we're going to do our best let's go to Nicole whiskoff she says the gift that's starting from Rock Bottom
affords you is having an insane appetite for risk you've been there before you can crawl your way out again if you need to I like that I don't know yeah she she she talks about coming from nothing what a badass story now she's running what 50 million AUM I mean that's the last fun proba quite a bit more yeah um yeah I
mean this is goes back to the the Josh Wolf quote chips chips on shoulders put chips in Pockets let's go we need a big Josh Wolf you quote you he's going on the Mount Rushmore of of py thought leaders yeah yeah exactly love it yeah I think uh that the I I I honestly resonate with this so much that at a certain point uh you need to know when
to not go risk off but like not continue to risk at all you know I me I remember early days post YC our burn rate was 3K a month for three people isn't that insane in San Francis because we paid our rent a year in advance CU we were just like uh just take that out of the bank balance so we don't even have to think about it yeah
and I think we were like a credit risk so we just like take and I think our I think our rent in in The Tender Loin in this like complete disgusting h of a apartment it's technically a one-bedroom it had a closet that one guy was living in I was sleeping in the living room room and and it was $1,500 a month and
every time I sell someone in San Francisco that like oh $1,500 a month per bedroom like that's not bad I was like no $1,500 a month for the whole thing for the whole thing in San Francisco yeah but it's like if you're willing to go down to living on 3K a month for three people that can write software and build stuff and just get
stuff done and call people just willing to do all of the different problems it's like yeah there's just no way you can be stopped like CU you can get 3K a month from so many different I think I think more like it becomes really challenging when you have a family because like kids are in school like there's like real
fixed costs uh and I think people don't really recognize that I I I tell Founders this all the time like if you're like if you're 28 and you want to like start a company and you're deciding well should I work for like this company it's like no like go like so risk on right now because for years from now
you're going to have a kid or something like that you're going to be getting married and like your fiance's dad is going to be like sitting you down be like all right like the startup thing was like cute but like you're about to like marry my daughter you got to like you know really get it together but more more Founders should like raise a
$50,000 Angel round and like go live in like the middle of nowhere and just like grind and grind and grind and grind I mean my first my first fund raise was $177,000 and me and my co-founder made it last six months almost want to made me want to hit the size G for a second with the tin little there you go the
tiniest little size gong uh yeah I mean we made it work like we spent a lot of it very quickly and then stretched it out ever so slightly towards no I remember running the calculus you know coming to to La being like if I don't make this happen like I have $1,200 a month to spend I have exactly until this
date to like be profitable and like be like able to pay myself more and if I don't like I'm dead yep uh let's go to Gabby Goldberg second time on the show she wielded existence third I think maybe third but she's a regular at this point yeah she's a regular but uh we we love Gabby here uh she says parul
deserves more credit for making random Gatherings great again and it's a photo of the Jeremy Allen White lookalike crowned in Chicago there was a Jeremy Allen White lookalike contest including a toddler dressing up like chefs from the TV series The Bear have you watched the bear I have not watched the first season pretty good not a huge
uh mostly Founders podcasts uh unfortunately no video so I can't stream it but um no it partile has gone like extremely mainstream like you have this like it should be a tech thing and like it it kind of proves that like Tech is mainstream you can start something and like build it like for the tech audience
and then expand out from there I think even like a lot of things like whoop and Ora ring were like very like in ins like Tech Community products but but um in many ways this is I think we should go dig up like the VC thought part uh leadership of like blog post like it's time to unbundle Facebook right because
I think about like Facebook events where that was the thing that was the alternative to partile and part X should pick them up and roll that in X should pick up X should absolutely pick up partl partly because uh I think it would be a I don't think they're monetizing yet uh last I checked and the and the
CEO is like jokes about this quite a lot online she's like you know we're just like giving this thing away we're glad people like it you know like uh paperless post which is like kind of like the the billionaires partile um is extremely expensive like you have to buy tokens to invite everyone they have some sort of like digital currency that
intermediates post is like so expensive when I see that like if I if I'm getting invited to like a VC dinner and it's paperless post versus partile I'm like oh okay like this I think it's going to be some Ballers it depends it could be some Boomers or some Ballers bers yeah yeah that's one of the other um let's go
to East Village guy he says why are you a grown man telling me which AP classes you took so he's talking about like accounts payable classes like to learn how to do ramp to learn how to ramp better to close your books okay um that seems totally reasonable I would love to know what AP classes people take
especially if they're going to be working in a finance or like high performaning a high performance Finance or ramp should should actually do more to get into the College curriculum right number one that's the number one if you're in fin APAP dance placement accounts payable yeah this is what we need to be taking exactly uh I can
honestly say I've never I've never had anybody tell me what AP classes they took I it's kind of an interesting thing to know though I wouldn't be mad if somebody told me especially with something interesting we're we're we we appreciate continuous learning so if you learned if you took some uh you know AP
uh dinosaurs class and like you're still obsessed with dinosur and now you're getting into Dino excavation Expedition investing in dinos um then that's cool that's cool I like it I I don't see a problem with it East Village guy take it easy uh Aeron slodov repeat guest on the show says I'm convinced that basic
business economics money education should be mandatory in middle school here we go he needs to be taking advanced placement accounts payable uh and it's a quote tweet from Union made who says I worked an8 hour shift today on register and made $168 before taxes I rung up $3,500 in sales in those 8 hours
in my little cafe with no seating in South Brooklyn and so they're kind of complaining I hope he was wearing uh gloves for all those receipts that he was touching for sure unless his te is really high and then in that case he should use the receipts to kind of bring that testosterone down from the yeah people always say this that like oh they
should teach uh you know how to do your taxes in school and I couldn't disagree more I think that you should definitely just be studying like the great books and Shakespeare and the anad and the Iliad and the there's those are Timeless education is like a for needs to be a forcing function for learning things
that you're not going to have to learn in life and most people will graduate school and never think about Shakespeare again exactly when it couldn't be more important and there's a million ways to pick up this on the job very quickly there's so many other resources there's there's a million different ways to
consume basic business education through non-fiction you could and there's so many great startups that will do your taxes for you exactly I I I actually very much disagree with this take and and I and I think that uh schools should focus much more on uh I I think this is a little bit of what's happening at the
University of Austin kind of a return to the classics yeah and I mean I have the great book series right there yeah and just facilitating it's very hard to find time to read Tolstoy yeah like that's not something that I'm forced to do every April yeah but I will be forced to learn a little bit about the tax code
yeah and I can figure that out yeah so I yeah I'm I'm I I'm fine with going back to and school is like a forcing like like let's force people to do things that are that are like interesting right my my dad was a high school teacher and he taught a class called project make which was some combination of like Robotics and programming and wood wood
shop and things like that and so they would like build and launch rockets like out on the football field like do things that like maybe the the Nerds will do on the weekends but like the average student should be exposed to that kind of thing that's great um and schools you know have a have a role to play there
yeah so the sales bull says we fire HR and pay the sales team double and it's the picture of Don Draper this should be this this this is funny coming from the from the sales guy he's like he's like give me give me a raise give me a raise uh but anyways usually paying your best sales people double is like pretty good
uh good way to spend money um it really resonated 12K likes people are really interest I'm unsurprised that his following is but but I think this is less how much people love sales guys and more how much people hate HR yeah because HR is always seen as like a drag on the company but I mean it's getting easier and easier with more like
automated HR tools like you can you can build a pretty sizable company without a dedicated HR person uh for a long time yeah you're on Rippling and then uh you know it has so many bugs that you want to you know yeah yeah um I think I I think you could uh yeah I mean it's interesting that there's not more like
there's the the outsourc CFO like uh what they partial CFOs it's weird that there haven't been more of those for HR no there are are's because because that seems like much more like in line with like the startup ethos and bring there's a lot of like $300 a month you get this software and will help you ises but it's
funny cuz like chamath got like so much shade for being like HR should be like your legal team but like like the but like the biggest HR issues that people have like tend to be better suited for outside counil to like deal with because it's like end up being like extremely charged you know issues with with
employees I wonder if there'll be a little bit more of like a a re restructuring of where HR sits in the organization as we go into like the next generation of companies like how a lot of marketing teams have technical people on their staff now um like recruiting is obviously super critical in the HR function and then the general counsil
the legal stuff is super critical so maybe you should kind of disaggregate it into a finance person that does the compliance stuff team building legal person yeah and then the team the team person uh the team building honestly should just be an extens of the CEO and the culture so I would want I would want
a CEO's Chief of Staff to decide we're doing a happy hour because the CEO likes this place and and this would be great for the CEO to come and meet with all the employees and then the recruiter should honestly be living within the functional units of the engineering team and be live right there technical yeah
yeah so I don't know I could see like the HR function kind of just diffusing without through throughout the organization instead of building up like this massive long house in your organization the massive long house yeah massive long house yeah yeah go over our our our HR team is over at the long
housee building yeah you can use the map it's like that would be a good name for the for the outsourced part-time consultancy for H are yeah just like uh long house Consulting yeah yeah like let us be your long house yeah yeah long house is a service uh Tio says New Life goal having a tweet printed by the tech
Bros pod well congratulations Tio it's happened today is the day you got your post printed I don't know how to pronounce x e I think we live online is it Z Zed I we live so online that like I couldn't pronounce crypto either I don't even know Tio Teo who knows former uh like Dylan who'd been on the show pointed out you know how you could say
like oh I'm on Tech Twitter I'm on you know uh like like like crypto Twitter fin twit yeah there is not that same language for X sure like I'm on techx techx finx I'm on finex it doesn't exist and it's actually a a key barrier to growth right now because we all of us on Tech Twitter yeah uh techx maybe we just
make it techx techx sounds like Ted X you know that really really dumb version of T I mean the base version is already really bra we need to add we actually need to add Ted X to our enemies list because a bunch of there's smart people that have gone up there but um by and large by and large some of the worst
takes of all time the most blue pilled I've ever seen the worst worst oh did you know cancer was cured every single time every year they have someone stand up and say cancer is cured it's like come on it's not cured yeah we're not there yet let's go to Jen over at anderol she says it's live anderol exclusives decom so they did a drop
anderol has selected eBay for charity to host this auction 100% of the proceeds will benefit blue star families and so did you see this they're they're auctioning off pieces of of wreckages from tests that they've run soing it's basically Loot Crate drops uh there's different tiers there's you know rare
epic legendary tiers and they're not using it as a profit Center they're using it to give back uh which I think is really cool I don't know maybe they should be using it as a profit Center I think I'm I'm actually proofit I just think I just am in favor of companies that generate so much so much profit from their core products that they're
able to give use that same skill set to give back and obviously blue star families are fantastic and it's a fantastic we love blar but I I just love that it's a very unique uh a very unique drop we we've been talking about this how like every company has a t-shirt but only XL nicotine pouches has a briefcase
yeah and a watch yeah and a Rolex um and uh and more more Brands and more companies should lean into understanding like what is the expression of your brand in terms of merch I was I was talking to another founder of a of a unicorn who um I was I was saying like like you're yeah you're a tech company
but like what if your tech company was a car like what car would it be yeah and don't tell me it's a Tesla because that's what every single person says I'm a tech company so that the Avatar of my brand is a cyber truck and it's like that's fine but that's also just the Avatar of the Tesla brand yeah you need
to express yourself differently and are you an F-150 or are you a Corvette like those are two wildly different cars and you should be able to immediately say based on your brand oh we're more of a Corvette than a F-150 y or theora systems a Porsche 911 of of uh water filters there you go um and so and so
this this is a this is a merch drop that feels uniquely andal as opposed to just a t-shirt which I'm sure they'll be selling and they'll sell other other merch but when I think of like the merch That I Want from Ander roll I think of like hiking gear like almost tactical gear not like fully military stuff you can wear on the Range but something
that's like that and I and I and I honestly don't even care if it's just them going and finding a great brand and just like honestly just throwing like an andal pin on it that's they's just it but they're really bags and I like them likely to use them exactly and you could always take off the pen if you want it's not they didn't
have to go and get like some white labeler to like make them a fake version of the bag they just give you the actual bag with the pin on it but it's like the it's still like an avatar of the brand and it's still um an expression which I think is really really cool yeah and Brands need to know what they're
actually doing with like non-core products like want build connection to thead commity and likeability and usually a shirt is not the best way to do that you can get a lot more coverage by doing something like this where somebody's like oh I actually own a piece of Ander roll's like drone system that they made blew up
it's really cool and I always love artifacts we have a lot of artifacts in the studio here um and a lot of the investors at Founders fun have have like a whole set of of of artifacts from like oh this commemorates like SpaceX deal or the andal deal and I think that's really really cool yeah and I like this too
because if you're very online on X and like accelerationist you know defense Tech oriented getting a piece like from here would be amazing but they can also go give this to a politician and be like you know throw it on their desk be like it's paper weight don't forget about us you know um this was blown to Great
paper weight yeah well let's stay on defense Tech and go to Ben Coleman he says quote we have a five-star general on our Board of advisers true story and it's the uh uh in glorious bastards meme of the guy holding up three the wrong way because Germans do the three this way you know this yeah uh and so it's h you
know detecting that you're not one of us and and we know that it's not real because of course you can't have a five-star general right now because it's not a time of War right right right and so very embarrassing for whoever did that and you really yeah what I've seen in defense Tech is like a lot of um
there's people that will be publicly out there of like Oh I'm a general and then they'll use that to like get sort of advisory opportunities and then once they're actually in the deck then they're like who who now actually like put this like very specific title like oh eighth Brigadier blah blah blah and it's like ends up being much more
specified and it doesn't sound nearly as cool um and so bless their hearts are sort of like using that like highlevel title to like land private Market opportunities yeah I wonder how valuable having a fourstar general is on your board because we we we hear stories about some really helpful people like Chris
Bros at andal like was McCain's Chief of Staff came in like really runs that organization like full-time employee like very very beneficial um but then you also hear um stories about like the didn't some general join the board of I think Mattis joined the board of Theos and like it was like what does he know about that it was it was very
controversial at the time and like if you're a board member like you should know uh I I I think that was it was a story of Mattis or something but yeah yeah uh before we dive into the next one on the subject of Defense Tech we have a promoted post from Allen Control Systems they say looking for a fast moving high
growth opportunity and defense Tech we are hiring for several roles across engineering and operations a few of our featured openings are senior mechanical design engineer electrical embedded engineer and an unreal systems developer you can view all of Allen Control Systems openings and apply at Allen control
systems.com compan uh numeral sign careers uh improve your links ACS you guys can do better than that but uh anyways fantastic company ACS is building um AI uh gun turrets and gun systems for counter drone use so they basically built a product that can take out uh you know without any human interv
intervention uh drones that are you know fast moving um across the battlefield and so uh amazing opportunity they have their their first product is very defensive uh but going to save many lives uh on battlefields across the world so um thank you to ACS for innovating in this space thanks to ACS let's go to Jason Lou he says if you
stayed in Canada were you truly that ambitious got him I love I love some hate on an unamerican country like Canada very unamerican yeah it's objectively one of the the most unamerican because so close they could just want to be part of this awesome team we want to join up let's come over here I I would be surprised if Canada
doesn't try to front run the moon to become the 51st state right yeah is that be kind of like a you know the moon's going to get a lot of attention once it becomes a state and uh you know be the first new state in quite a long time the 50 is like a nice round number being that 51st state big opportunity I can
see a lot of competition for it uh that slot um and Canada uh we would welcome you with open arms I know um you know a lot of friends of the podcast uh Jeremy gaon Sam porier Jeremy's from Canada yeah yeah yeah well because he was at tiny he was at no idea he he was at tiny remember it's a Vancouver okay um but he
like grew up there he's born there it's brutal brutal uh based in New York now so thank God uh we got we got a good one so so he he is ambitious he didn't stay in Canada no but there's something to be said for like at the same time we would welcome Canada but uh I respect all the Canadians that are staying there and trying to make it
better and fix the place yeah no I I agree we love our Canadians all my all my favorite Canadians are are us residents uh but that's also because I spend more time with them so exactly and Shopify fantastic company from Canada fantastic company and uh University of waterl fantastic Engineering also good
lots of respect and a lot of companies have like engineering hubs there yeah uh and it is a beautiful country so we love Canada uh let's go to unusual whales they say Ken Griffin of Citadel says he's invested in nuclear and it's the future I love these accounts just show they just like say something that's just
like could potentially be like very out of context because it's a big account like it's just like fact yeah fact Ken Griffin is long nuclear uh I want nuclear powered highfrequency trading right like I want like I want to be giving these high frequency trading companies these Mar we need to be giving nuclear power to market makers right to
to increase Financial Innovation and the speed at which money moves I actually wonder if energy is a big big issue for the high frequency Traders like I know that Jane Street is advertising on dores Patel's podcast trying to recruit I believe Cuda engineers and machine learning Engineers so they've done a lot
of AI stuff but I'm not sure how scalebound they are right now like a lot of their early stuff was very deterministic It Was Written in this programming language called oel well and a lot of their strategies were location based they were like how do how do we get to within 10t of of where the trade
is being executed you know on the on the NASDAQ they have a rule where even if your server is closer there's a th000 feet of cable between you and the and the main server no matter what so that everyone has a Level Playing laws don't work so we're going to like physically enforce this yeah yeah and and uh I mean
it's Flash has a great anote about like digging this huge tunnel across probably a good bus to selling commodities exchange to Stock Exchange it's probably a good business to be selling those like thousand foot cables because they probably need to be replaced all the time because it's like you can't too slow or whatever exactly it's got to be
fresh but yeah I mean if if the if the trading algorithms wind up moving to something that looks like an llm where it's very scalebound like you're going to see huge data center build build outs to it's going to be a new race just like the llm stuff but I haven't heard anything about that we should dig into
that more to see I I mean I think at this point he's probably just making the bet on the fact that the llm companies and the consumer AI companies will need energy for their data centers so he's investing in nuclear but this is interesting because you know a year ago people started talking about okay what's
after Nvidia nvidia's pumping yeah um Energy's clearly key maybe nuclear is is the next thing but it was very much like a cocktail position people talk about it but they weren't actually moving the market now the Market's starting to move and some of the nuclear stocks are starting to go up we talked about this
they're still not as crazy as Nvidia it's worth bring up again four years ago at hereticon nuclear was a heretic you know being pro- nuclear was still heretical now it was the the most Norm take that you could have so uh yeah Ken Griffin is just kind of putting a stamp on that yep let's go to Sarah has second
time on the show uh can't beat these margins and it's a screenshot of the rare andal re Relic uh recovered crash component from andal R&D tests and the the bid I mean it hasn't even ended there's still three days on this it's already over $1,000 it's pretty awesome amazing and yeah margins are fantastic
because families yeah yeah because it's uh you know essentially free since it was just wreckage anyway but yeah I wonder if anybody figures out that like the actual Metals them like if you got the right pie like the metals itself would be like worth more yeah tungsten break it down melt it down some enterprising uh you know very you know
they do that with uh like uh hypercars when there whenever there's a crash there's a community that will find okay yes like a law Ferrari crashed in this place let's go and dig through the rubble and like figure out if like maybe some random piece got thrown clear you can take that and sell it and it's like
a $1 thousand piece it's like uh it's like diving for Treasure essentially super whole Community because like if you get one you know like clutch or something valuable because they don't make them that much something yeah it's great do we have a promoted post uh promoted post from Nico runs a company
called default uh 76% of qualified leads book an inbound meeting with default we try to help customers think of demo requests as ones who fall into two buckets demo qualified and two not demo qualified most of our customers only show a scheduler to leads who qualify for a demo uh so Nico's bu building an amazing platform uh an Enterprise
product called default that helps other Enterprise companies uh you know sort of like sort and qualify and book uh demos so he's been at this for quite a while backed by Craft and uh now is starting to see some pretty fantastic results uh became buddies with Nico uh you know a few years ago at this point
and their execution has been fantastic so uh if you're dealing with processing in inbound leads go over to default hit up Nico DM him uh on X and uh he will get you he's the kind of guy that if you DM him right now he'll jump on to do a demo of the product with you like in like five minutes only if you're demo
qualified if you're qualified so uh he'll qualify you that's part of his his uh his job and what default does so thank you to default great let's go to Val he says something that would let us buy and trade seconds from future ad slots would be and so he's uh he's pushing us to uh let the average viewer and fan invest and
profit from our future ad spots that's actually kind of interesting like if you want to if you want to go long technology Brothers you should be buying up our 2026 Q4 IND inventory and then reselling it when the time comes uh so yeah maybe uh if somebody wants to create a platform and market for this
we'll we'll we'll like IDE dynamic auction size where it's like we could be doing the show live on spaces and like oh we actually got a higher bidder hit the printer hit the printer print it out yeah yeah you can buy if you buy the ad slot within you know it's kind of like a car auction where like after the twom
minute thing gets down if nobody like you can buy the slot but then you buy the slot and once it's physically printed like it is it's locked in it's locked in price is locked yeah he was saying he wanted to uh invest and I said would he prefer a spack or a shitcoin or both both at the same time hasn't been tried yet not really uh but uh could
Trump is kind of experimenting with it Liberty coin truth social he's kind of got both yeah yeah and then also lots of merch drops we might want he doesn't do ad reads though he should he should he should have an ad product in the middle of the State of the Union so can you actually brought to you by my pillow is
there something is there a reason that Trump has not done his own podcast because the guy clearly likes I'm telling you the future is the president will have a podcast the president will have a podcast 100% we should create poly market for that will like Will trump have his own podcast by
2027 JD will and I think JD will bring on his his like Associates and whoever he's thinking like think about all the buzz that's been happening around like who's going to get Department of Transportation who's going to get Commerce who's going to get defense and it's and and the way these people are introduced it's usually like a
screenshot of a press release that goes viral people are like who's this there's like a couple mainstream media write ups and then a video clip will go will go viral from whatever that person said on some other podcast so like they'll be like this is the new secretary of defense like so based or so terrible
depending on who is posting um and it's just a clip from them on a podcast but how much cooler would it be if you could just watch you know Trump or whoever the president is sit down with the person and say hey American people I'm thinking about this person for Secretary of Transportation we're going to talk for
an hour and then you're going to roast them roast them in the comments post him in the comments we have a poll by Trump if Trump had his own podcast he could get that podcast to aund million run rate just on ads oh totally uh which would be which would be a 100 times the Run rate of Truth social oh God and
maybe he could take you could be the first podcast to go public right he could and then you could just have like you could just be a you could have all of America own a piece of so anyways uh I mean this is the thing like didn't Churchill no it wasn't Churchill FDR did like the fire side chats those were really
popular America weekly things I think even Obama did stuff that was like weekly dispatches about like here's what's going on well there I feel like these are less of a thing now but isn't there like presidential accounts for there's like there's an X account that's for the first lady and when you're the first lady and there's Donald J Trump
and podus changes hands exactly exactly so Trump's like I'm not going to blow this like if Trump if Trump was actually on the at podus account just ripping bangers that account he's like I'm not going to 10x this for my future like for somebody who's going to use that audience against me like in like four
years um I would I would love to listen to a a podcast I could see J I could see JD like booting up at pus again though I mean I think uh V ramaswami is gonna do it because he's already doing Vlogs and he's clearly understands like the modern Media stuff he's buying BuzzFeed he can use all the BuzzFeed you know resources
to kind of craft his own media strategy and really level up from there let's go to John F he's been on the show before uh the fantino family uh made their money and Hospitality oh Hospitality yeah uh he's quoting Tony seura who says president Trump at real Donald Trump is requiring volodimir zalinski to wear a coat and tie when he
meets the president going forward and John says in the same way you weren't trusted if you didn't show up in a slouchy hoodie to a meeting in the last 20 years we're about to SN M back to Suits as a filter speaking my language speaking our language you'll want to make sure you're wearing a f a fantino
label soon because he has a suit company so John uh came in very clutch at hereticon uh I uh didn't have time to get my own uh suit uh sort of ironed and and dry cleaned at um at uh at the hotel so I was able to wear fantino label suit it was fantastic got a lot of compliments uh turned a lot of heads great and uh was all thanks to uh the
Fine Fabrics and fit uh of his label but yeah I think uh it's kind of funny that you you remember these like memes where like if your VC is wearing shoes like this like they're going to like try to buy 50% of your company or like if your VC like is even wearing a suit at all like you're you know and I think
that like Trends obviously oscillate from one side to another like very dramatically and it became like the thing to wear like Al birds and Jo like hoodies and and that so clearly is just like wrong right same you have over 50 million in a you need to wear a tie you were you called me like very upset
the other day because you sat down in business class on a flight next to somebody and they were just dressed like very sloppily and you were like physically ill from just being like in their presence saying like this is so wrong you should know that if you're flying business class you should be wearing at least a college shirt at
least and um you know we hope that we're on Forefront uh you know with people like Foo uh and you know our our own podcast we hope that we're on the Forefront of a new movement in Tech to just like dress uh dress for the for the for the job that so if you see a tech a capital allocator out there in casual
clothes maybe on a podcast just send them a nice note in the replies just tell them like you know love what you're saying love your business model but would it kill you to put on a suit exactly exactly let's go to You're a capital allocator not a HVAC technician exactly let's go to Josh Miller he says I've said before and I'll say it again
from antitrust to AI agents 2025 will be the year of the web browser more and more signs by the day interesting so I think this was in response to uh news I I think that there will actually yeah Chrome potentially being forced to spin out um which is which is very uh potentially very wild just because
Google is so and all of Google's products are so deep deeply integrated into Chrome at this point it's hard to imagine a chrome that's not that's sort of like account agnostic it's probably not that hard to build but you know that alphabet has spent alphabet's strategy was like Hey like search is our Golden
Goose let's build up these sort of like walls all around it via Android via Chrome so that like we have we building up the sort of like Fortress and uh if it gets spun out that'd be cool like Chrome has probably billion of users and the perplexity CEO was joking about buying it yeah yeah yeah which would be
funny which would be uh which would be a great uh scene of the simulation but um yeah like you know Josh and the browser company like it's called the browser company for a reason they were set up to like innovate in this area and like oh he's the CEO of the browser company oh that makes sense now okay got yeah so he
you know they built a fantastic browser they're now focused on they're now focused on building sort of a gentic browser products like got it I iag you know they haven't shared a yet but it's uh you know products that will browse for you on your behalf well then this is kind of interesting because just
recently they they said that they were kind of pivoting away from Arc as a core browser product but he's still very bullish about about the web browser broadly he just wants to find a different way to inter so here's what the browser company needs to do find a spack there's like hundreds out there spack buy Chrome and uh suddenly Josh
doesn't have to compete with the big bad Chrome he can just be the Chrome I wonder how much Chrome's worth it's probably not not not cheap because if you buy Standalone business I mean I'm pretty sure the isn't isn't the deal for doesn't Google pay Apple like that's what I'm saying so you buy chome and
then you license just to be the default search engine on iOS yeah yeah no it's 20 I thought it was 20 billion and so think about Chrome's got to be like almost in a similar install base size and even maybe even more valuable or somewhat valuable so like you have $20 billion of essentially just net income like you run a multiple on that like
it's a $200 billion asset like or something in that range it's a lot it's not it's not be a big spack yeah it's G to be tough I mean I guess they could just do like a Dem merge and just have two tickers and they're just two I think that will what it would it would be have to be but then what isn't then the new
companies like if they're beholden to their shareholders isn't the most profitable thing that you could do just go relicense a product back to Google like you're talking about yeah that's exactly what I would do if and if you can't do that then it's worth way less right you'd have to look at like Mozilla
and some these other big browsers and be like what is this actually worth yeah um very interesting let's go to Jason Carman uh fantastic filmmaker a good friend of mine and of the show Jason says most people don't realize how big of a deal Starship is ahead of today's flight 6 here's a first look inside a
new series I'm working on called Frontier films the first one is all about new space and this actually got reposted by Elon and it's I mean it's amazing Jason has crushed it and he's making like the documentaries are better than Netflix stuff now like it's funny no if Netflix is smart they'll go and say hey the next series you do they
should HBO honestly because um no he's on that path and and it's honestly the path that all media is going on to get to actually break into traditional media and like get the Netflix or the HBO or be on TV you got to be big online otherwise like you just don't understand attention and like it's just too risky so Jason is and uh yeah I think like
he's carved out his own niche of like I am a filmmaker yep in technology which like the fact that when you think filmmaker in technology I think of you and Jason and in many ways like you were like a YouTuber right more of a YouTuber he's like filmmaker multiplatform yeah yeah I mean his whole background is film
making he he's I I kind of like chose YouTube because it was some white space like a lot of people had substacks and I was like I want to do something different I like I'm kind of a camera nerd this guy's been like making films his entire life like dreaming of making films and so I super excited for where
he's going with it and it's funny because there is already a Netflix documentary about SpaceX but it wasn't made from the perspective of someone like Jason who's actually worked inside of a space company at astris and really gets it and really talks to the founders and the investors and understands the whole three so going to be so much
better and you just know that it's going to it's going to rip and he has a whole he has a whole bunch of different products now like he started with the S3 series doing these like kind of micro company deep Dives on like pretty early stage companies um but they were really really polished really great interviews
then he did his interview series then he also did some flashback stuff where he did Bell labs and now he has these Frontier films and so he's he's like fully building a a new movie studio essentially like truly going into this and showing like how efficient it can be he doesn't have some massive prodction
because he's actually an individual contributor like he knows how to use a camera he knows how to use a microphone like he doesn't need to spend you know $100,000 on every single thing because he knows how to do it himself he can do it solo but then that allows him to hire the best and so it's going to be Mass
suful he embodies the technology Brothers mentality which is doing it for the money right he's doing it for the love but like this guy is going to make millions and millions and millions of dollars making important films pushing Humanity forward through you know he's basically a marketing channel for a lot
of really important companies so thank you to Jason for doing what you do and doing it for the money thank you Jason uh let's go to Gary tan he says this company went from zero to 500k ARR in the last eight weeks lots of people do AI due diligence for private Equity but this is the first one that outputs all
the analysis natively in Excel files that analysts principles can understand and modify from formulas up uh and it's a repost of YC congratulating one of their portfolio companies yeah so this makes a lot sense like any anytime you can go after like this company is replacing people that today make between like 80 and like $250,000 a year doing
like just like keyboard work like modeling and it's one of those things like it will probably maybe already is for very soon will be y better outputs than like the humans that would do it and for like a tenth or like you know even 5% of the cost something but importantly it still allows you to have
a tunable model at the end of the day it's kind of like what what was that company that tus bought uh that uh was it was canaly I think it was the name and canalyst would allow you to download a DCF that was kind of pre-populated with the metrics there's always been XL templates for various uh for various
public companies you can get like a cap IQ or Bloomberg integration to pull all those formulas in um but allowing allowing a company to do this in the private markets with just like the proprietary data and so much of the work is just scraping stuff out of differently formatted PDFs L formatted Excel sheets just doing the translation
and that's where AI is like so valuable right now just taking a bunch of messy stuff and copying it over and cleaning it up like that's where AI really really if you're if you're an analyst or an associate and you're worried about AI taking your job you should be looking at this being like no it's not going to
take my job I'm just going to do more deals right so before it might have taken you a week to build this model or 24 hours now you're going to be able to build it and get on to the next one right so um increase the velocity everything we're seeing in in art and film making where you can accelerate with some AI generated music or some AI
generated content where fill in the background like there's still Artistry there's still going to yeah you're making a deck you need the Right image for a certain slide youate exactly and it's going to be the same thing with with building these models it's going to be something where you're you're you're
just using this to fill in all the you know Annoying um problems that you would normally have to grind at for nights and weekends and you can grind on nights and weekends on more deals more deals we love that let's go to pavle uh Dean's brother he says uh very misunderstood by Tech Outsiders a loow intention meeting
with a successful person is net worse for you than not meeting with them at all networking is default harmful makes you look like an NPC unless you have a clear agenda it's a good point never heard this before yeah so anybody that meets Deli and go oh you're Pav's brother do that Pav's his own man uh but
but anyways yeah I I think people don't there's this Obsession in Tech of like trying to like climb the ladder and oh if I just meet this person and get in the room with them I can like do something and it's like people even use cold email to a fault like use cold email when you have a specific thing
that you're trying to do with somebody or if you have a specific way to like add value to what they're doing or something you can offer them or something you can ask just it it's a total waste of time to like meet people when there's no thing to do together you know so like don't nobody wants like people in Tech are generally like
friendly open to you know Outsiders whatever it's awesome but don't like waste somebody's Time by just being like hey love to talk it's like nobody wants to just talk we want to do Nal talks about this like what like you have an extremely high opportunity cost there's that idea that like you know your coffee
meeting should be worth like $110,000 and and it's okay to come in with like hey look I have a I have an opportunity that together we could make a million dollars is 1% chance that it goes through so yeah this is this is a $10,000 meeting as opposed to just like want to just pick your brain and figure it out yeah it's also important to
understand like if you're if you're at a conference and there's like somebody like a there right and you're like oh I really want to meet this person there's going to be like 20 other people like crowded around that person and you have to understand that all those 20 people are like kind of making
that that person's life worse because they're just coming at them with just like a bunch of and it's better to just be like you know not approach them then and cold email them or get a warm intro months later and be like hey you know we overlapped at this conference didn't get a chance to talk social proof right there that you were
in the right room and then you can launch into you're like I'm building this thing I'd love to like run it by you and that's going to be a lot more effective of like actually building a relationship than just like you know coming onto them and being like Oh I want to be friends yeah and there something like a fine line about like
being too transactional like only talking to someone when there's something to be done yeah but I always I always talk you know I was talking with uh Sebastian um from yesterday and I told him something that I believe pretty strongly is like if you're a busy person and the person that you're meeting as a
busy person you're only going to spend a lot of time with them if you're actually working on something right like the best friendships are usually founded on like something doing something productive together and so I don't think it's wrong it's not even necessarily transactional but I don't think it's a bad thing that
there's a lot of people in my life that I'm like if I work on a specific deal or company or even in this situation we spend like 20 hours a week hanging out and we we wouldn't be doing that if we weren't making this podcast and like there's nothing wrong with that like we were friends before and we're friends
now but um it's great to find reasons to be friends yeah let's go to Liz wessell noted angel investor in ramp wow big one secondary to that I think she's a general partner at a big Venture Capital firm but that's cool too less important than just ripping an angel check into ramp big she says why do so many people become investors
partners and suddenly grow enormous egos it's so obnoxious you're not the only one who's special your Founders are I mean I got to disagree with you there yeah I mean you're inred Capital allocators are very special imagine if all the capital allocators in the world just cease to exist our entire global
economy would come crashing down yeah yeah we always say that uh yeah the the working class gets far too much credit and so do so does the founder class yep we need to to many with businesses that are R&D intensive they cannot exist without so I don't care if a Founder has a pretty deck or a good idea or great
pedigree if they don't have a $5 million seed Dr they're never going to achieve their dreams which makes the venture capitalist absolutely critical to the process and they should have a colossal ego um I don't think you should have a big ego if you have like a micro fund like $400 million or you're build ego you're just as
important you know as like jokes aside there is something very valuable about being a young founder and interacting with an extremely high ego investor because at least there is some alignment there most the time so you can kind of get some reps in deal with some sharp elbows and deal with like it's almost
lower Stakes than than dealing with a high ego public company CEO who's going to buy your company or something like that like you've gotten the Reps in and just realized like what what a big ego is and how to deal with it and um but yes obviously it's a little silly um especially if you haven't actually earned it and you've just become a
partner because of your care I actually tell I I I tell there there's a specific investor friend of mine who has a few billion AUM and he like hi like hides a lot of his like material success from his Founders and I'm like dude you realize that like people want to work with other winners right so like if
you're a winner and you're crushing it like other people that are already winners or want to be will want to work with you y so I don't I think it's important to just kind of like shatter that wall and yeah obviously having a huge ego is like not like there's no there's no need for that yeah but I do think that ego is an edge and we went
through a period of business history where ego like go ask like Michael O hey do you think you did you have a big ego when were building CIA and he be like yeah that's what drove me every single day the key is to have a big ego and be kind yeah of course of course there's also a big difference between like
materialism and like having nice things and having a big ego like those can be very different you can have you can have a $100,000 watch and still have an appreciation for a really interesting Casio that cost hundred bucks right totally and being and being a someone who who uh understands like taste and
and uh an opinionated decision making even and not just saying oh like this person has like a really expensive hu blow that's not going to cut it right so yeah the other thing is there's a difference between you can have a huge ego and still be very respectful so a GP that's managing billions of dollars they
can have a huge ego because they're managing billions of dollars they can still be respectful of Founders respectful of their time kind and when they pass and respectful if's a situation so the key is build build the ego and you know become a better Kinder person I really wonder who this sub tweet is about it's
clearly about some investor partner someone who just made partner unlike you know for no reason and is now just like running around being like you work for me yeah yeah yeah uh hopefully it's not happening at her fund um Buco Capital bloke he's been on the show before he says I heard someone say here for the income not the outcome
today at work and that pretty much nicely sums up what happens in Tech when stocks really start ripping 2021 Vibes everywhere with 1K lights yeah a lot of people have been talking about I mean just the general we're just we who knew when when 2021 and 2022 early 22 22 were happening yeah it didn't feel like we'd
reach that level of frothiness again for at least a decade yep and we prayed for a bubble like how many how many hours right were we praying to have another bubble and to get AI this quickly and in many ways get um you know there there's even a bubble Tech podcasting right um no but I I I do think it's this thing
where these companies get to a certain size and suddenly it's become so hard to sort like I I was talking to a Founder today who's starting about thinking about starting his own company you know interviewing and would likely get an offer with open Ai and he was looking at it as like well I could go to open aai
for a year invest like a couple million dollars of stock and then be an open AI shareholder and then just build my company so that's like the reality of like here for the income not the outcome he doesn't necessarily like he's just getting it as like a call option basically mercenary mercenary um but he's going to start a company so good
good that's great that's great uh let's go to Megan Nal first time on the show she says so once zic gets to be cheap will rich people start being fat again so you know how it used to be a status symbol to be overweight like in the early you know uh I have a joke with some of my friends when when they get
fat we say looking prosperous looking prosperous looking prosperous yeah so the real contrarian move here Peter Paul rubin's fat people and it was yeah a luxury it showed that you had enough income to afford nice Foods the the real Edge if you're a capital allocator out there add pronouns to your bio yep and
get overweight stand out and kind of make a statement of like I am contrarian yeah for sure I wonder if there will be a future where just like we discovered this miracle pill in OIC there will be a miracle pill that will allow you to be extremely obese but suffer none of the health consequences that that's Alpha that's
Alpha so you can just be physically intimidating walk around at 400 lbs but you're having to go to pek and get like customized like w like bands because like it doesn't fit around your wrist yeah I do I do Wonder have you been through like a heavy like Mass gaining period many I there was a period when I
first started going to the gym when I was 18 I would eat at this at the College cafeteria three times a day y I would wake up have a protein shake go to the gym go go to the cafeteria then I would get two peanut butter sandwiches that were breed with a puck of peanut butter it was like a burger size and I
would eat two of those before lunch wow at lunch I'd go back to the cafeteria a whole meal and then I get two more sandwiches and then I would go to dinner and then I have one more sandwich and one more protein shake so I was like literally having like 5,000 calories a day like it was just absurd it's fantastic um and uh everybody should go
through that it's character building to go through because you're every single bite you're like I'm going to throw up I feel sick got you got to go through prosperous look prosperous everybody prosperous and then go through a cut converted all the muscle and become a mass monster mass monster a size Lord
and then and then take a zic and get peeled and walk around at 5% body fat yeah we have a huge move in the talent world this is actually massive Fred urome the founder of coinbase uh is welcoming Jeremy Baron Holtz who doesn't have an X account sadly as a co-founder of nudge linked to his post before uh
below and so Jeremy Baron Holtz is former uh Elon Musk associate at neuralink and I had the pleasure of meeting him and he was truly one of the most impressive people I've ever met absolutely dog an absolute dog really really incredible um and nud is building an alternative uh to neuralink focused on you know improving
yeah it's a non-implanted device so I think it's a headband that improves memory or or something with the brain interacts with the brain in some way electrical stimulation but um fascinating fascinating guy went to Stanford um was in the military and I met him and he looks just like the typical like San Francisco like thin
programmer guy and he was telling us that he's like extremely gold driven yeah he sleeps for like two hours a night insane and I was like this is fake like there's so many red flags like I just don't buy this guy what he's saying and he was like no I'm extremely goal oriented like when I want to work on
something I just work on it constantly and I and if I sleep I'll just wake up and be like I need to keep working on this it's insane and he was like yeah one time I got really into working out and I got in this incredible shape and I looked like a professional bodybuilder and we were like yeah right dude like
you're so skinny like this is impossible and he showed us a picture and he was like the most Jack dude I've ever seen it was insane amazing insane and so he just I hope they make he was working with the FDA stuff he's electrical engineering working on Neuroscience working on programming you can go look up his GitHub he's written a bunch of
programming code like he is totally the real deal like really really fascinating person and so huge pick up for I hope he leaves his mark on the nud like I'd love to just put on the nudge headband and just like get some you know even like 60% of that like you know mindset it it it it really he really is like a special
special person like I I I I left being it was a it was a big like it was the founders fund CEO Summit and uh there are a lot of very impressive people there um but he was someone that really really stood out as a very very interesting like longtail person yeah and I was I was very bullish on him so
big pickup excited to see more about what he does and I hope I hope we learn more about him he he's very quiet and he's he was featured in one Ashley Vance article about um about neuralink and hopefully there's more because I think the way he thinks about artificial intelligence and math and everything
it's like extremely valuable and they're just there's not enough of this like intellectualism that actually boils up he's a very very interesting thinker um so rooting for him big pickup let's go to Andre he says a preview of my new book pre-order for $39.99 and it's two screenshots it's how to build generation wealth on x.com and
the first page is you can post the plane with red dots you can quote tweet anything with this picture of the plane with red dots it always does numbers even if people have no idea what it means they will like and retweet to feain that they understand what's going on and I I I think I replied to this but
like I would I would actually read this book I think it's amazing yeah yeah there are so many of these formats he should charge more he should actually do it or he should do at least at least a huge thread of all the most I do think yeah viral slop it's the it's the iPhone this is the best this is the best feature Apple ever made and it's
filling in the text message two factor and the book could come with like a down like a link to like a a a a Dropbox you could download all they're not like highres they're all like reposted like like burnt in jpegs with they're super compressed and grainy no I do think this is the there's a lot of people that go
on X and just start like posting and just like otherwise like very intelligent people that just do not understand how the platform works and like couldn't for the life of them like create a banger even though they have good ideas yeah yeah and so yeah this this could be like you know a book a cohort-based course like inperson events
Summits yeah three get on w.com Wii money going get yeah yeah there's a 360 degree business to be built here I think so uh and you'd help a lot of people get uh post economic just from posting I think so I mean we've seen some of those Creator payouts they get pretty big yeah yeah pretty big um you can find your whole startup
on it let's go to Kev he says Paul Grahams whole life I need money to paint learns programming falls in love with lisp Works briefly at interleaf starts via web to fund his painting lifestyle sells to Yahoo for lifechanging money moves to California then New York tries painting can't focus properly feels lost
discovers writing essays online creates YC this is temporary then I'll paint builds Hacker News gets stressed running online community leaves YC to paint tries painting in 2014 gives up painting codes Bell for four years returns to essays and lisp moves to the UK quote unquote for a year never leaves it's so
funny there there's so many people like this where it's like they they have this this idealized passion of themselves like what they could be but they're just like born to allocate capital or born to post or born to write or code and he just clearly has so many so many Fantastic skill sets uh PG yeah yeah
painting was always a fever dream but thank thank God it stayed a fever dream cuz otherwise we wouldn't have y combinator and and uh we'd live in a world where if you made a good app you'd never have a 50 competitors launching next year you know all you would have 50 VCS lining up to write your seed checks
you never would have gotten the safe you never would have gotten the 2 on20 think about this the impact he's had I mean I always think about YC as more less of an less of an investment vehicle like they've had an impact on the investing space obviously but YC has become essentially a union for startups because if you are a VC and you over one YC
company you go in their database every YC company hears about you and instantly you're ostracized from the entire in such a large community now and colletive bargaining approach of going everybody goes out for two on 20 it's like that's just the price my friend it's funny you say two on 20 CU like when I went
through it was like one on 10 and then it was like one and a half on 15 and now it's two on 20 but even back in the day with one on 10 that was probably felt like people were like well this is like egregious 100% it's always been it's always felt egregious it's always felt egregious but yeah yeah well know the
money supply is expanded when when YC companies are going out they're like yeah we're going for out for 10 on 100 there was one company in my Batch who raised at 80 and everyone was like wow this is wild and there there's always like one company uh I don't think they actually did that well but their numbers were
crazy it was like this company virule they did like viral videos and I think they had a ton of Revenue the guy the gu who did it had been building like online advertising Tech since he was a kid and had like a bunch of like just made a lot of money through like online advertising so was able to get the business to like
a pretty big size do we have a promoted post promoted post from our friends over at ramp why settle for individual ingredients when ramp gives you the full Financial operations sandwich they have corporate cards expense management accounts payable procurement travel look at this sandwich it looks fantastic we
haven't eaten yet today oh it looks fantastic uh it's making my mouth water and it is a great it is a great way to articulate like the value of ramp that like it's the CFO Suite it's a bundle of tools it's a you know it's a compound startup it's multiple products all wrapped up in one but my problem is that
I don't think ramp's a sandwich I think it's a nine course prefix with a wine pairing at The French Laundry I think it's I think it's premium and and when I think of ramp I don't think just some sandwich that your your mom made for you and threw in a plastic bag on your way to school I think you know begging for a
reservation greasing the Mater D valet parking your Turbo S walking into the French Laundry shaking hands with the chef sitting down and enjoying a an Omas totally um so ramp good post but step it up with the the the classiness because I want ramp to be a premium brand yeah their social media manager is fantastic
always good for a laugh but yeah nine n course meal wi pairing and uh the chef will even you know the chef will even come out and say hello Kareem will send you a note and say thanks for being a ramp customer ER Eric will send you a note really is the CEO that com Eric will come and sit down at your table and
you know have a conversation and make sure that your your your NPS score is 100 I've always said that about the way Elon runs a now where if you have a banger he will come around and like just drop like a crying face emoji in the replies just be like and then it'll break your phone and it'll break your phone but but it feels like the chef
coming out and being like is everyone enjoying the meal is everyone enjoying the bangers today like here here's what's going on and I just love that about the way he uses the product because no previous CEO not even Jack dorsy uh who was like totally in founder mode during his whole career like not he
didn't use the product that way and Elon really uses the product where he clearly consumes the the stuff and comes out and he like oh is the soup good tonight I'm tasting it oh like let me have some of this whiskey too like we'll share some of this like is the wine working oh it's a little cork like let's adjust the
algorithm it's good and Jesse H and and I think I think the ramp guys are doing the same thing um let's go to Logan Bartlett he says micro strategy has now passed its.com bubble stock price and is an $882 billion business get him on the podcast Logan this is an 82 billion doll software company you in you you
interview the largest public company Tech CEOs you got to get sailor on the Pod get him on the Pod get him on the Pod no micro strategy has a fantastic business model for every dollar of Bitcoin they buy they get $3 of Enterprise Value and so if if they're smart and they're serving the shareholders they'll just do that over
and over and over forever yeah um and then if sailor's like really bullish he'll do a take private yep at a nice premium because he's just like I'm so long I'm happy to pay you know 3x for the Bitcoin CU I can more leverage on the take private oh my God yeah it's wild um there I mean the funny thing is that there are a number of companies
that have done this exact chart aami do you know aami the networking company they they invented like uh like IP routing and stuff is like this MIT company fascinating and they were worth like 20 billion during the do com boom a couple of the guys sold they only worked there for like six months during the
runup just became generational generationally wealthy and then it took the company like 20 years to build back up but it was a solid business with solid technology and so they finally got to their Peak like more recently um bit of a different story with macro strategy but respect least at least like you know
having that up and down like you get like a nice you know the number that you have to hit again to get any level of respect right yeah yeah uh we go to TCP Tech CEO Pepe he says daily affirmation I will fire an inter an intercontinental ballistic missile I love this I believe you'll be able to do it although uh the ICBM might
not be holding a nuclear weapon inside of it it might be a uh it might be SpaceX pointto point you might be riding on that you might be going from New York to Tokyo in 30 minutes yeah but icbms I saw another post SpaceX is just a wrapper around icbms I like that make the ICBM useful again we need to be firing these things off they can't just
be sitting on nuclear submarines doing nothing I know total waste total waste uh yeah you can just you you know in the same way that you can just do things you can just manifest things and you can just affirm things y I think it's a very uh you know it's been well studied to this point like you should be leveraging
this in different ways but don't do it in the ways that that uh you know that that people in La do it where they're like I am healthy I am happy I am like I step it up you step it up you know I will uh find the100 million hidden in my computer I will find the1 million hidden in my computer oh speaking of that let's
go to atlas creatine cycle uh it's a screenshot it says there is $100 million stuck in your MacBook your job is to figure out how to get it and he says there is a100 million stuck in SF your job is to break up with your GF move there with your best friend and start a GPT rapper yes let's go more rappers
there aren't enough rappers genuinely genuinely just go if you don't have a good idea go make it go make an app in the app store called chat GPT chat.com GP something like that and it's just chat GPT reskin put in the app it's not even chat GPT is llama probably yeah yeah it's llama Lama on and just charge
just charge charge the most have some you know put put some good branding on there spend a ton of money on paid ads if you spend a dollar on paid ads and you generate a dollar and $1 of Revenue just keep doing that forever you're you know till you're a or a centi uh there's nothing stopping you uh you don't need to be that creative you just
need to work harder yep I love it thanks creatine cycle always good to have you on the show let's go to Isaac Isaac says this time two years ago my timeline was filled with business banter hot takes bad takes random posts now it's crickets I came to Twitter for business Shenanigans and more and more it feels like it
disappoints I won't be leaving but I hope it changes well I mean you're disrespecting X by calling it Twitter that's your first mistake Isaac yeah also be the change you want to see in the world why don't you start posting business banter instead of complaining so Isaac is a friend and fantastic
entrepreneur he actually uh made his first million selling swords online so he he has a company called uh mini Katana that he bootstrapped using these like crazy viral hacks on YouTube making original content he's now building candy company I think that Isaac uh I've said this before for but he's really like the
Willie like he's the next Willy Wonka awesome so if you have all the VC's out there that have like a Willy Wonka thesis go find Isaac uh his company's awesome uh his facility where he manufactures everything is like only a few miles from here uh but yeah I I I haven't necessarily experienced this
like the the fouryear page like definitely it's a little messy especially during the election that's why we're doing the show like follow Tech Bros pod like we are posting business hot we never post bad takes a lot of random posts but's a lot of cont no social commentary no political commentary business and technology and
and so the comment section uh even on this post I you know when we quote tweet this there's going to be a lot of like you know hot takes and um anyways uh you know good to call this out but use the not interested button when they try to put some slop in your for you page say not interested not interested not
interested it does require curation you're building a Zen you want to avoid some things I mean I have a series of lists now I have I I I often look through the foru page a little bit I find that like the first 10 posts are usually pretty good and as you go farther down it just gets sloppier and sloppier because it's just randomly
sorting but then switch over to the following tab got some good people in there I also have a list just for the people that I know post great stuff I want to see everything that they post so I put I put that in there um also just spend more time online that's probably the problem do we have a promoted post
let's do promoted post from uh our friend Jackson doll Jackson says I'm excited to announce big dialectic pod podcast an interview podcast with the sharpest most creative and original people I know he says I like to spar with people on their ideas and push them deeper ultimately to understand what makes them themselves he's already got
episode one out he's got a cool uh graphic here and Jackson is somebody that has uh one of those people where you talk to like very high like in in insights per minute right so if you're having like a 10 10minute conversation with him you're going to have like a bunch of Interest he's going to give a
bunch of interesting point point of views and takes so uh podcast is awesome listen to a little bit of the first episode um and uh anyways very uh I think this is just like he he's one of those things very strong like uh founder market fit in the context of like a podcast looking at this as like a media
business like he's going to have um no problem just like making the show fantastic is he monetizing already that'd be my number one risk factor for maybe we should be the first Advertiser because as much as we like to um juice our show with ads like we should be advertising quite a bit so Jackson uh if you don't have any advertisers yet uh we
love to uh happen let's go to Adam Graham first time on the show he says the amount of high quality content that Tech Bros pod is putting out is insane Banger after Banger this is why they're they're the most profitable podcast hell yes Adam this is exactly why we do everything that we do we do it for the
money for the money for the money if there's bangers as a byproduct then that's that's fantastic yeah and high quality content if that's what makes the money we'll do it but just to be clear if lowquality content's more profitable expect some low quality content here and there yeah yeah but uh good to have you
as a fan good to have you as a follower good to have you on the show Welcome to the tech Bros Community thank you thanks Adam thank you Adam let's go to Nick Carter he says locked in and pulled another all dayer today let's let's go Nick let's go uh the only time I've ever taken naps during the workday like I was
like probably like devastated like I've had to be in like a really bad spot like uh to be so strung out I take like one nap a quarter on like a Sunday and it's wonderful but I'm not a daily napper crazy yeah naps are um I I get it if you're like Paul Graham and you're working on your painting career and you're trying to get like a you know
burst of energy for the afternoon but um I don't know any also kind of possible to take naps when you're on enough stimulants to kill a horse that's a big that's a big part I think anybody's that that's like oh I should take a nap it's like try try 600 milligrams of caffeine and 4 milligram nicotine pouches all day
long there you go you won't beon inclined to you'll be pulling all dayers every single day all ders daily but I love Nick quintessential you can just do things guy did the boxing match did the investigative journalism huge uh huge Capital allocator love Nick does a bunch of cool stuff fantastic student of
capitalism let's go to my colleague Bridget Harris over at Founders fund she she's quoting Peter teal says the Wall Street banks are long the trade deficit because the bigger the deficit the more money they make and she says obviously bigger trade deficit equals larger volume of crossb payment stable coins
could be hugely helpful here in helping smaller Banks compete with crossb flows large banks have no incentives besides defensive to switch because of this Dynamic lower fees equals less profit among others has to be a smaller player new entrance with nothing to lose plus favorable legislation because the incumbents won't cannibalize themselves
under unless pressure comes from the outside and Love You Bridget but you made a terrible mistake you included a link to Spotify which is banned on on X and that's why you only got 99 views so turn this into a clickbait thread repost it I'll retweet it and we'll cover go to the Moon we'll cover it again I think
you got a thousand likes easy on this if you just make it a little bit more incendiary you need to call someone out they the reason America's stagnating this is the problem you got to be much more aggressive but honestly a very thoughtful post and something that really digs into all of the features of
stable coins and all of the different uh factors going on there I was not aware of all this but it makes a lot of sense yeah there there's it's it's going to be interesting with stable coins so far it seems like the fees uh you know Stripes obviously made their move into stable coins we'll see like what the you know
I've seen like some stable coin products that just still have like similar fees to like traditional Payment Processing but it'll be a pretty cool experiment to run to just be like all right if you can move money basically for free in the sort of trustless way how much does that accelerate the velocity of money and I
would imagine it'll be pretty significant y i it still seems like we're pretty early in all of the crypto stuff like even Bitcoin it's unclear like is it putting pressure on certain parts of the US government like it's become a political issue and there's Pro Bitcoin or anti- Bitcoin communities but we're not we haven't really worked
through because we're not on the gold standard like if Bitcoin displaces gold how does that really trickle through the rest of the American economy like well now there rumors of the Strategic strategic Bitcoin Reserve that would be big yeah very interesting but uh Bridget has a fantastic post on pirate wires uh
deep diving the uh the stripe acquisition of uh was it Bridge yeah it's confusing because it's bridge and bridge but uh the the stable coin platform that got Acquired and so you should definitely go read that if you want to learn more about stable coins let's go to the founder of perplexity uh he was demoing a new
perplexity product for shopping which I love you can just take a picture of something and then perplexity will go and find uh the product that you're searching for and in this case he asked what watches does Jeff Bezos wear and he perplexity helped him realize that uh Bezos is often wearing the Omega Speedmaster professional Moon watch and
uh another watch and he says should I buy this and I think the answer is absolutely you should buy it we need more technologists and Founders who are watch we've seen this happen with Zuck he's rocking a fantastic fpj uh we know some Capital allocators who were rocking PEX and Nautilus and um aquanuts at this
point but it's still under discussed and there's still major Alpha in getting into the watch game more it needs to be more a part of the conversation exactly exactly so I highly recommend this you need to differentiate you're in brutal competition with every other big tech company bro you need to stand out get a
nice piece get a statement get a hitter get a hitter and then every time you go and Shake someone's hand when you go Shake Jensen's hand for those for those gpus that you need he's going to be like maybe even people that aren't watch guys they're still going to notice and respect it exactly and uh it's a way to
make an impression yeah so I say pull the trigger let's go to yarden shafir he says uh I'm outside the club a drunk girl is yelling her opinions on Rust I have hit Peak San Francisco wow 7K likes let's go there we go Tech is mainstream like rust I've never I've never written a line of rust I know it's a very
popular language really popular with crypto I think I'd really appreciate it if people can stop being transphobic in my comments go do that someplace else if you must yeah of course this turned into a culture War issue uh it's more it's more soon as anything anything past a thousand likes it turns into a you're in
the dark territory culture war zone dark X try to keep your likes under 1,000 if you don't want politics and social issues you want you want low Tam bangers just the people know consistent or else it's going to get too crazy but uh yeah I mean this is it's interesting cuz sometimes like the the drunk girl uh
outside of a club uh I remember in Miami seeing a drunk girl talk to a bouncer about Bitcoin and it was right at the peak when Bitcoin was at 20K and then it immediately sold off afterwards so there is a little bit of like when your Barber is giving you stock or your taxi driver is giving you stock tips like maybe
that's a signal but this is a signal that SF is is is back the fact that somebody went out in San Francisco presumably past 10 p.m. is a really bullish sign bullish sign yeah I wonder if that's real or if that was just like a like an imagined scenario you can just make up things you can just make up things let's go to Beth Jos he says uh
bioac is the next Overton Frontier few yeah so you know we've been you know you've been a strong proponent for literally years for genetically engineering Bears to and also make them you know allies for us and and also biohacking and stimulants and all sorts of stuff in in that World um but yeah it's interesting
to see where this goes what's interesting is like the Overton Frontier is he just saying like that is where the political issues are being fought right now like over IVF over what nor sadiki is doing at Orchid over like genetically engineering babies like that type of stuff uh Overton I usually think of the
Overton window as like the what is acceptable to say politically so it seems like what he is saying here is maybe that that there are things that are going on in the bio accelerationist community that you can't talk about or you would be canceled if you talked about and this is like the rumor that there are genetically engineered
children in China right now but not in America have you heard this yeah and so um so it's interesting that it's like maybe we're going to have to have a national conversation about the morality of Bio in the same way that we have had it around AI there yeah there needs to be a conversation there's there's
certainly um I could get on the the hat for this put on theil hat but uh there's many people like you know one of the one of the you know sort of push back against this there's many people that believe that uh Lyme disease was created in a lab really because it basically spread out of this small area around um
like Long Island there was an there was a island off of um like Monto area interesting and dogs would wash up on like mon that were like a dog combined with a pig and that like very weird this is the most crazy uh stuff but uh lime disease also spread out from uh sort of like that was the geographic center and the ticks that
initially had it sort of spread out from from there I'm terrified of tick and Lyme disease whenever I'm on the East Coast I always avoid going for hikes and stuff I'm like huge West Coast Alpha like having less there's something scary about having like something so small have such a huge impact on you no it
just almost spers and snakes I'm not a fan yeah anyway hopefully we'll hear some more stuff about bi biological accelerationism I think there we need a good blog post from somebody I mean a little bit of that's happening with neuralink and probably nudge and a few other programs yeah so putting all that together into kind of like we need like
a Packy Deep dive or something be cool some things just need a Packy Deep dive they do uh Jeff Lewis says I believe that in the future will be governed predominantly by algorithms phase one algorithms Accu accumulate power 2 to 2020 Phase 2 governments attempt to rest power from or align themselves with
algorithms 2020 to present phase three algorithms become the government so Jeff has a special talent for looking at uh you know there's that phrase like how do you how to predict the future is to like sort of like look at the the present right and in many ways like he position this tweet in a sort of like incendiary way being like
2000 to 2020 right algorithms gaining power y um but uh yeah I you know I I I buy this I feel like we're we're uh already seeing the governments align themselves with different algorithms right you saw that this election cycle but I would just say uh I want to I want to live in a world where the temp check
algorithm runs runs the country right Vibes based governance and uh Jeff uh we've told you this already but uh bring back temp Che some of the best VC content Market I know you're not a VC fantastic best VC content Marketing in the game uh it fantastic Classics uh and some low Tam bangers in there so yeah
this is kind of the Brian Johnson question right now he's been he's been asking a lot of people he says that don't die is an algorithm and like that's what he's really creating and and also he's been asking a lot of people like if if if you could guarantee that an AI would give you like a better life outcome would you submit to the AI to
the AI dictator uh and it's a very interesting philosophical question that I think we'll be digging into more over the next few years so definitely the right question to be asking yep let go to Matt Turk he says okay but what but we dramatically improved our podcast game and it's a response to Tech crunch
in 2023 VC's returned the lowest level of capital to their investors since 2011 and so uh the 2023 was not a good year for Venture capitalists um but there were a lot of great podcasts that came out of this era actually I would say that in many ways maybe the the carry checks were lower but uh big funds were
still being raised the man the fees you know stayed stable and so why not put those fees into a Shore sm7b or some Cinema cameras or a lovely set you why not um but yeah uh we do need more venture capitalist podcasts I've noticed this when I've looked at like if you're DC or a company and you want to go do do
a press junk it it's actually pretty hard to go do 10 solid interviews that have you know a reasonable following like if you're a celebrity you're Pro promoting a movie you can go do Kimmel Fallon coar like you can do you know NBC and CBS and you know the view and all these different things to promote your
show and they all have large followings and on in terms of like VC world there's really not that much there's like a few shows that are pretty big a lot of them don't have guests it's not like you can just call up all and GOC there's the techch one but it's not like you're going to go and get these sort of like super influential hosts
that um and it is really important for for Founders to be able to like work their way up and start with a smaller show and then parlay that into the bigger show and then wind up on the Big Show but it's really the same way that Tech founder Donald J Trump finally was able to claw his way up onto yeah yeah exactly and there needs to be
a similar path but it's hard because dwar is so focused on AI and Lex occasionally I mean he had the cursor Founders on but he hasn't I don't think he's even had PA Mar lucky on there's like like there there's not really that many just general Tech shows like Logan Bartlett a great show but it's like now
narrowed down to just like public company SAS CEOs which is cool yeah and that's why we started this podcast we felt like the technology industry needed a podcast it did it did so yeah let's go to the real estate God the real estate God says craziest thing in America is that the average person could
two to 5x their salary simply by taking a sales roll but they're too scared of people telling them no 20 times a day interesting that's true it's uh it's funny sales is one of those things like in in a lot of things if you're getting told no 20 times a day like you should just like stop doing what you're doing
cuz the market is telling you like you're doing something wrong you're doing something bad like it sucks but sales is like one of those things like the the the no tolerance needs to be uh extreme mostly because like sometimes like even customers that want your product like don't want to deal with you right now or they just have 10 other
things that are more important so you're never going to break through someone else shared something recently that was like oh in the future I I forget who posted this but in the future you're going to be getting 2,000 email like perfect cold emails a day from all the outbound sales a and Salesforce is going
to be like taking you out to like a steak dinner and they're like so going to renew your contract we're going to increase it like by like 50% like here's you know just sign right here and you're like all right like I guess I guess this what we're doing it's fantastic let's go to Jen she says overheard three Tech
Bros discussing how much money it would take for them to replace their girlfriend thing is none of them even currently have a girlfriend boom roasted roasted got him uh technology Brothers Tech Bros uh get girlfriends dude figure it out and uh yeah don't let people overhear you talking about embarrassing things
although Could Be Imagined could be a fake overheard thing happens you never know you never know it's a proven that goes in the how to post bangers how to create generational you know uh Red Bull futurist exemplifies what a technology brother is he's over here talking about wanting to have 10 children right so he
he can't there's nothing like no AI girlfriend you know friend.com yep is not going to replace uh you know having a loving wife and partner and mother of your children until there's some crazy bio accelerationism and we're domesticating Bears artificial WBS let's go to Jenny Fielding she says a preed company that
raises a modest round should not be burning more than 50k per month this is a hill that I'm willing to die on well don't die Jenny there's money to be made but this goes back to your $177,000 prede back in the day uh if we were burning 50k that would be one week we'd be out of money in one week one week no
yeah um yeah I think uh that this is the challenge with Venture right money that is raised gets spent and it's ridiculously hard I you know one of my portfolio companies just raised around basically off of a lot of momentum and there's already this like oh we could hire this person we like this person's amazing and
look what they're going to do and then suddenly this company will have added like a million dollars a year burn that they didn't really need or maybe they could have pushed it back uh you know down the road um so yeah this is where like YC's like Dogma is just absolutely correct which is just like keep burn
incredibly low and it's so hard um you know as somebody who started a company in 2021 and I never even realized that YC PG wrote this post and I believe it was called don't die yeah and now Brian Johnson's using that in the in like the literal sense but the original PG thing was just don't die don't run out of
money and as long as you do that and you stay an entrepreneur eventually you'll figure it out I have I have a there's a company that that I backed in in 2021 and uh the uh only three people invested in the company YC or I invested in one another guy invested then YC did their their round and they've pivoted like 10 times but
all their updates are like we pivoted again and it's like monthly burn like Runway and it's just been going it's been like 8K a month burn plus like server costs and their Runway has just been like dwindling down like very slowly but they've taken so many shots like I'm eventually expecting to get an
update from them that's like we have 10 million of AR like we pulled it off I love that but but they would have had way less shots on go yeah but I mean seriously like it is difficult to create an axiom around burn rate because if you're doing something that's R&D intensive or you're going to spend a lot
of money on lawyers or you're acquiring a domain or if there's something weird going on like it's going to be very bespoke some companies are completely justified in burning 100K a month out of the gate and some companies shouldn't be burning more than 10K out of the gate it just really depends on what you're doing
and who your team is and where you are um but in general I agree you should be conscious of your burn so great post we certainly are at this podcast participating and let's end with one more promoted post and then we'll go to Lulu this promoted post is from duPont Registry Dupont has a 2024 911 GT3 RS this is not the first time we've had uh
Dupont as a promoted post and not the first time we've had a GT3 RS on here this one is a paint to sample pastel orange that comes fitted with custom 1016 industry carbon fiber kit this car looks fantastic uh we eventually will be doing a a Trans Continental uh race uh as technology Brothers probably with a ramp
branded uh car GT3 RS probably Gumball 3000 Gumball 3000 the the darar as well yeah so there's a few big races coming up in in our Pipeline and uh we're certainly going to be uh I'll be driving a Porsche you might be driving something American but that will be well each die on that Hill yes but anyways fantastic example thank you to
DuPont for how much is it uh coming it's listed at at at 490,000 wow an absolute steel me at that price you can't afford not to buy yeah they're they're basically giving this away um I would I would make sure to you know get your PPI uh because I don't know pastel orange pts uh this could easily get into the
500 unds uh but thank you to DuPont uh and uh I mean if you have if you're I mean an entrepreneur or you can pick it up but if you're you know a capital allocator with some small $400 million fund like that's Nob brainer no brainer no brainer let's go to Lulu she says taste aside from a purely strategic
perspective this brand marketing is disastrous for Jaguar for context Jaguar sales have been plummeting down 70% in the US in 5 years did you hear that they took a year off of making cars they they just are not making cars for a full year cuz they're completely resetting um up to 2018 Jaguars actually growing quickly
doubling sales in a few years and she breaks down all the disaster that came from this post that was called copy nothing and it was a very abstract ad looked like a like a I don't know like a music video almost uh with a lot of interesting characters it got a ton of attention and I think Lulu's post got
more than her than the Jaguar post likes Lulu got 16k on this and she kind of breaks down the problem that Jaguar used to be the iconic image of an old school British gentleman think sir Roger Moore it was James Bond level car and then they kind of um messed around and wound up with uh kind of shifting from being
in the luxury and classic classic sophistication Market with competing with Bentley and Aston Martin and then they shifted down to premium competing with BMW and Mercedes in a more crowded Market but Jaguar SUV sales are cannibalized by their own sister company Range Rover and now they're not upscale
enough to compete in the luxury market and not cutting edge enough to compete in the premium market so they need to reset they need to focus on the cars yeah they have this vicious cycle where you have lower sales which means you can invest Less in R&D and and you're not even producing Parts at the same scale theive and cous CLE and
Thena uh not like a nail in the coffin but how do you how do you completely turn off an entire new generation of Automotive enthusiasts where I've never once considered buying a Jaguar except every now and then you'll see like a Jaguar is like Leasing and they're like we will pay you $1,000 a month to lease this car like they're like so like botom
like the Le they can they can't give these cars away they stopped making cars for a year because their sales were like basically zero yeah like car people don't realize like sales volumes on cars are like are not even that high like the like aren't the Whos Jaguars yeah the Whos are jaguars weos should just buy
them buy Jag atast they can make cars and atast they can make cars that seems like the end of the road here yeah that that seems like the end State that's that's the only time you really see a Jaguar but I saw something that wanted to revamp the brand they shouldn't have done this crazy video they should have
hired someone like who Hyundai hired who was the former developer the M label at BMW and he created the N group at uh the performance group of Hyundai and they're creating like insane cars like the uh the ionic 5n have you seen this with like the fake noise and like all the car guys love it even though it's electronic
even though it's electric vehicle it sounds like a V6 and it like shifts like a V6 has this fake DC in there and then and then they're also doing this crazy Envision car that looks like super nostalgic one super nostalgic and so there a bunch of ways that they could have gone into the Vault and brought
something back that stood out and made a made a statement as a car yeah but they just chose not to maybe this will be the start of something new but it was a very weird brand Direction and it doesn't no it somebody somebody was commenting and I think this was accurate like it's almost like they were expecting like a
comma win they had invested like tens of millions into this campaign and they were just like all right we already made it like we bet the house on this and then everybody's like no like you realize that like Trump won right yeah um but we don't talk about politics on this podcast um so we will uh leave it
at that Jaguar uh could be a good acquisition Target for us at some point um the you know history of the brand aligns with a lot of our ethos um so somebody will bring it back sometimes it just takes an extra decade yep thanks for watching subscribe or else you'll be relegated to a life of flying on netjets ouch have a good one bye bye