welcome to technology Brothers the most profitable podcast in the world also the fastest growing podcast in the world we doubled again Sur th000 followers on X if you're not already following head over there and follow us now as you know we have a little bit of a tradition on
the show every time we double the size of the podcast we celebrate with a bottle of D perel and so today we have a wonderful I believe it's 2015 vintage that's correct fantastic so let's get this open and uh how was your weekend Jordy uh my weekend is good my weekend was good uh you went to the ballet I went to
the ballet I Saw The Nutcracker what's fantastic what's new uh the ballet is uh deeply underrated I believe totally um and uh everyone second only to seeing Interstellar with your absolute boys which we are doing on Thursday which will be great let's see ready Ben there we go it's uh it's kind of it's kind of
wild we we uh our studio has like carpet all over the floor and so the amount of champagne just just sinking into the carpet is going to be a mess but yeah but you know you got you got to celebrate the wins it's important yeah and we grew 10% since we hit the 4K Milestone too fantastic compounding yeah
I saw I Saw The Nutcracker and uh it's it's fantastic um chovsky I didn't know this but um the story was uh was written in 1820 do you know the story of The Nutcracker do you know the whole history here I've seen it I've seen it many times of course but tell for the listeners yeah yeah of
course and uh and it's very interesting because the the the story is about this dream and in the dream these uh like toy soldiers are fighting these rats and I couldn't help but think it was like a metaphor for the plague in some way even though like I don't think that's exactly what people think it's about but it was
weird that like the the rat was like the Avatar or capitalism versus the Communists right maybe maybe um but the whole time I was sitting there and I was thinking like you can attach your own meaning to it it's uh it's very odd that like the whole covid pangalan bat story hasn't been canonized into ballet yet
yeah and well maybe that's we can get into that uh we can get into producing ballets at some we should should a great product line I mean Russia should really turn around and start producing balls again yeah yeah their their whole economy is now War based just shelling ukrainians and if and if they could
shift back into the Arts uh but but commerci very commercially yeah that could be great I think they got to put out a banger ballet retool the whole economy to produce great ballets um because then you know they just it would be hard not to or or if they if they open source their um peed model like
they have some of the best it's true the best peed programs in the world and if they were to kind of do the Brian Johnson approach you get um you know Vladimir uh just really like dial in more more uh you know Putin more more shirtless pictures on horses selling Peds that could be a billion dollar you
know new business line for Russia yeah you know what other uh chaikovsky piece goes unreasonably hard the 1812 Overture have you heard this one it's so good it uh in it concludes with musket firing so it's usually played Outdoors always yeah they fire guns at most concerts modern day have metal detectors to make sure
you don't bring in guns but the Russians but you go to see chaikovsky gun it's mandatory that the guns are fired there we go it it's way more hardore build it into the show than any other concert I think well cheers to 4K cheers to 4K wouldn't be possible without all of our wonderful listeners so thank you cheers
cheers okay well we have some breaking news everyone massive investment massive deal we might have to move this champagne so that we can ring the size gong uh let's break it down we got breaking news coming in hot Venture financing in the crypto world is back in the spotlight and it's got the kind of star power that
would make a Pro Bowl roster jealous COA Ventures led by none other than Keith R boy has teamed up with Founders fund to throw a $10 million series a pass to Lava a Bitcoin lending platform out of New York that's right crypto is roaring back and lava is looking looking to rewrite
the Playbook on bitcoin backed lending what you got for me Jordy so who's lava and why does this matter imagine you're sitting on a pile of Bitcoin while dreaming about that Prime seafront Property in Miami you don't want to sell your Bitcoin especially now that it's close to 100K but the real estate market
isn't exactly accepting crypto that's where lava steps in their motto saving Bitcoin spending dollars lava lets you borrow cash while holding on your Bitcoin stash and here's the kicker lava is allowing users to self- custody their bit coin a move Keith R boy is calling a technical breakthrough so let's break
this down in the crypto lending game trust has been a fragile thing Genesis block five Celsius all big names that crashed and burned in the last cycle taking client funds with them lava they're playing antifragile ball putting users in control of their assets and steering clear of the risky
rehypothecation strategies that sank their predecessors it's a bold strategy cotton let's see if it plays off now John it's not all rainbows and moonshots lava's service comes with a 75% interest rate and an origination fee but CEO shazan Meridia is banking on a wary battle hardened crypto crowd ready for
something better and Keith raboy seems to agree raboy back at Coastal Adventures after Sate Founders fund isn't calling this a full-blown crypto comeback but he's clearly hyped about the potential here so what's next for lava payments Bitcoin buying expanding their services all while staying token
free no meme coins no pump and dump games just pure equity and here's the broader play John with Bitcoin P 100K a thriving blockchain scene in New York and Regulatory shifts on the horizon ra boy thinks a talent pool for crypto is about to heat up again and he's not cozying up at maralo but he's watching
waiting and maybe even cheering from the sidelines for the next big thing in the space so what does this mean for crypto it's like Marshon Latimore joining the commanders a big move that shakes up the game and gives fans a reason to watch closely if you're holding Bitcoin or thinking about diving into the crypto
space lava might just be the team to bet on stay tuned folks this one's just getting started fantastic and there's a great article in Fortune magazine that you can go read there's a whole Deep dive on the deal that just happened I talked to Joey KRW at Founders fund about it he was very excited um and it's
uh yeah yeah this one just makes sense if people have learned anything from the last decade it's that you pretty much never want to sell your Bitcoin you just want to ride the volatility uh as much as you can and just hold and stack so and you don't want to be on a centralized product yeah
that that can go under and that's what how so many people got burned last time yeah when you look at what Celsius uh often confused with the energy drink you look at what Cel Celsius and and and a lot of these I think it was blockfi blocki FTX was doing this to some degree as well they they the the usage that
they had was pretty ridiculous right I think block both of those companies were were worth billions of dollars and so uh it's hard not to be um you know in a more in a more serious way legitimately very bullish on on lava and what they're doing yeah yeah very exciting well we have more breaking news today uh
Obi schiffman over at friend has raised four uh five 5.4 million from Pace Capital let's break it down we got some breaking news out of the startup world today and it's not just about raising Capital it's about redefining Connection in the digital age friend.com the Bold AI companionship
platform just secured 5.4 million in fresh funding from Jordan Cooper at PACE capital that's right Obi shiffman's brainchild is making moves and it's got the tech World buzzing let's break it down John friend.com isn't your typical chatbot platform this isn't Siri making small talk or chat GPT answering trivia
question no friend wants to bottle up the raw emotion of a late night heart-to-heart at a house party and deliver it through an AI powered pendant shiffman calls it talking to God but the rest of us might call it complicated here's the deal friend.com pairs users with Bots that don't just listen they
pour out their manufactured drama we're talking digital companions with back story so moody they'd make an indie film jealous think AI confessing about losing their job or coping with trauma it's emotional it's messy and it's entirely intentional shiffman says if they don't just open with hey what's up like other
chat Bots you don't know what to talk about instead these Bots pull you into their storylines making users work for their trust and approval that's a bold play in the AI game and it's got people people intrigued now let's talk Hardware John friend.com isn't just staying on your screen it's coming for your neck
the friend pendant is set to launch in January giving users a physical connection to their AI companions a microphone sensors and an all day battery pack into a Sleek customizable necklace it's a bold step towards integrating digital friendships into real life but with no firm business model yet aside from selling these
pendants the road ahead is anything but certain yeah and make no mistake Jordy this space is competitive with heavy weights like character AI replica already commanding massive user bases friend is the underdog but shiffman isn't shy about his confidence declaring I will win this category flat out flat
out that's some serious bravado but hey when you've built viral platforms and dropped out of Harvard after one semester confidence isn't exactly in short supply the implications of AI companionship are heavy shiffman calls this one of the most dangerous Industries citing the weight of trust
users place on their a companions but for now friend.com is pushing forward aiming to combat loneliness epidemic by offering a new kind of connection one that's digital wearable and deeply unconventional so what ises this 5.4 million mean forf friend.com it's not just fund it it's fuel for a vision that
blurs the lines between human connection and machine interaction love it or hate it you can't deny that friend.com is one to watch stay tuned folks this story is just getting started yeah excited for uh I'm excited for Ari yeah I uh OB I I uh we've always yeah we've always been uh you know attention matters a lot in
this industry Obi has continued to prove that he can generate it over and over and over he attracts uh some haters he attracts some copycats but he's also attracting the right folks uh I'm I'm good buddies with um I'm good buddies with rompon who is a co-lead in this round and um yeah I think I think he's
an obvious obvious person to bet on so um I mean I remember when he when like the news had leaked privately that he spent a million dollars or something on hisc comf friend.com and it it wasn't even public yet and people were Whispering like this kid is crazy like he spent his entire seed round on a
domain and of course like he financed it and was able to do something much more nuanced and you know it was just uh but it was a great strategy and I think it paid off he he published some numbers and the early sales are pretty good and most importantly I love the strategy of you show up and it's not just empty text
box it's completely flipped it around so you show up and you just get some weird message and then you're in the game and you're just deeper in the funnel already yeah if you're when you're listening to this go into your browser and just type in friend.com it'll pop up like a really
unhinged message like hey I'm I'm thinking of ending my life and then you have to kind of like talk them off the ledge yeah um so some of them are pretty dark but it but it yeah he's turned it into a game basically and the landing page is the product like there's no it's just like Google you know they don't
have a landing page like here like you know we you search do you want to search click here to search no it's like just put it there same thing with chat GPT chat gp.com um and you know it's very easy for someone in his position to like Miss that I think yeah so that was great well uh let's move on to uh a great Deep
dive that happened in The Economist this week on Sequoia Capital uh one of the three um Holy Trinity firms and uh going through you know just I don't even know is this like the second generation the third generation of leaders at seoa it's been a few it's you know you got the Don
Valentine era then the Mike Moritz era now dark sha dark sha is is heading things up um but this specifically the there was a profile in the Wall Street Journal about um about Al Lyn Alfred Lynn that was really good um speaking of uh speaking of rompon who who um co-led uh the seedar round at my last company
and um uh he also co-led ob's round oh cool he um when I first met Al when I first met rompon he got me on the phone with Alfred Lynn the same exact day like we talked for like 20 minutes he's like I love this I like you who do you want to meet and he set up a call uh so this that that that was a cool kind of
experience for me because I think a lot of um a lot of Founders think these GPS are kind of hard to reach or whatever there's all these layers and all it takes as one relationship and one person to make that and it's the right intro you can get on the phone the same day it's fantastic um so yeah let's go let's
go through the profile of about him in the Wall Street Journal first um The Wall Street Journal has a section called personal board of directors where top Business Leaders talk about the people they turn to for advice and how those people have shaped their perspective and helped them succeed and uh it's it
starts with Alfred Lynn became one of silicon Valley's most sought-after venture capitalist after his after his early bets on companies like Airbnb and door Dash now he's guiding seoa Capital through another tech transformation artificial intelligence um he invested in chat at 20 billion today the
company's worth 157 billion he backed a pair of Robotics startups cobot and physical intelligence he grew up in New York City son of Taiwanese immigrants and now he's 52 years old uh he graduated from Harvard uh did a PhD in statistics at Stanford and then don't forget about his lawnmowing business oh
high school yeah that's right and he was he was running his business in subcontracting work to his classmates for get it done that's such a great story and then there's also the story of him and and Tony Shay at uh at Harvard um like buying big pizzas and then selling individual slices you remember
this amazing this is great um and so he goes to work for zaposlitev test amazing epic I mean what a great what a great job give you we're good we can have kids now working at seoa well I mean oh oh the offer letter from seoa I thought it was I thought you were saying the offer letter from zapo
and I was like you get you get your uh no yeah yeah yeah yeah going to going to seoa once you're about to have your first kid that's a pretty good gig yeah um so we got a quick start convincing the partnership to back five companies in his first year that's really big a lot hard especially then um and uh and
he worked on Airbnb and door Dash which netted The Firm over $20 billion isn't that crazy when they went public in December 2020 netted The Firm that's not just like yeah Enterprise Value creation which a lot of a lot of a lot of a lot of investors will be like I've backed companies that are worth over hundred
billion dollar collectively but uh that was just the carry for not the carry but the gross returns for the so this article uh interviews four people that have worked with him closely um uh one of his colleagues sooa Tony Shu at uh CEO of door Dash Lynn meant Shu when the 29-year-old pitched him on door
Dash Lynn initially passed on the investment thinking that only college students spending their money would use the service before changing his mind and making a $15 million investment for seoa in 2014 uh yeah I remember door Dash went through YC um but uh I mean that's the beauty of working for like a
multi-stage fund is that I mean it seems like he passed on the YC demo day round which was probably like 1 million that's what that's what I've always said any time travelers go back give John a $5 million seed fund when he was going through YC the first time Ser would be a a top deile fund yeah when the two
caught up for dinner a few years later he said that they had recently begin taking uh they recently begun taking Jiu-Jitsu lessons describing how the sport taught them when and how to make tactical business decisions the conversation encouraged Lynn to start something new himself writing a Blog called Sunday thoughts then they
interview uh Brian chesky who was invited to Allen and Coast Sun Valley conference as a young entrepreneur he returned with 16 pages of notes from meetings with some of America's best- known Executives at one point he got a face-to-face meeting with Amazon CEO Jeff Bezos after spotting him at a duck
pond that's cool that's a cool anecdote Lynn who has known chesky for over a decade thinks back to this anecdote often chesky's hustle was on Lynn's mind when he reached out cold to Nvidia CEO Jensen Wong a few years ago the resulting Zoom meeting helped Lynn establish a new relationship between
seoa and Nvidia Wong has since spoken at seoa event also invited its Founders to visit nvidia's headquarters in Santa Clara California it's interesting because seoa did the seed round of Nvidia but of course like those Partners have since retired yeah who was the part who was the partner that was still
holding his Nvidia shares I don't think it's public but um we but we mentioned it earlier okay um but I'm sure you could go look it up and figure it out you can find that out who who is at sequ at the time who you haven't heard from in a very long time and has a huge family office now it's probably that guy
that guy um and then there's a there's a few other uh interesting um anecdotes in here I I like this uh this this Wall Street Journal segment it's a cool like three it's like a 36d review of the person just kind of showing you who they are from other people's perspective yeah they basically turned you know thread
format on X back into an article which is cool yeah and uh seo's been in the news a bunch recently there was another article that I think we can chat about uh in The Economist that's a little bit a little bit spicier uh the the The Economist is asking has Sequoia Capital outgrown its business model and uh uh I
don't know if you want to read some of this but yeah so just jump in the first thing that catches her eye when you enter the poshley Serene headquarters of Sequoia capital on Sand Hill Road in menow Park California is a meter wide cross-section of what appears to be a redwood on closer inspection it turns
out to have been a tree in the past 38 million years ago according to a plaque on the back now it's solid Stone a gift from rollof B The Venture uh firm's current boss and his wife it reminds employees and guests of the durability of the organization they are visiting which has existed since 1972 in the
accelerated time of Silicon Valley that is eons yeah everyone should go PL a tree because it's such a great way to like at my high school I was I was in the 100th graduating class and there was a tree that was planted on like the first day of the school 12 so it was a 100y old tree and it was like big and
old but it was cool seoa is not just perennial but Hardy too in contrast to some other VC old growths like Kleiner Perkins whose reputation for spotting the next hot startup has wilted in the past decade who taking shots at the whoa spicy Tak shots at the Holy Trinity the Holy Trinity uh they still got it they
got they got EV and that's why that's why the economist can get spicy and have that the person that wrote it is not listed here yeah normally people would be dunking on this person hey shut up you you you're not in the arena journalist yeah it's harder to dunk on the they got lie Marie and EV over there
holding it down um over the years it's made its limited partners uh and its own rain makers who pocket around a quarter of the gains plus a management fee um a total of over $70 billion thanks to early bets on future Tech Darlings like Airbnb Apple Google and Nvidia what an insane lineup like crazy lineup and and
there's some stat three trillion companies yeah there's there's some stat that's 33% of the NASDAQ that's right are Sequoia backed companies I think I have that here um yeah Bri Kimmel says Don Valentine started with a $3 million Venture Fund in 1974 seoa has helped capitalize companies that now
represent 3.3 trillion of market value 33% of the NASDAQ an incredible journey and an immeasurable impact on the world amazingly half of that is in apple interesting yeah but uh somebody I think sheal pointed out they they actually only made six million on Apple that's super interesting they just IPO so early
yeah or or wasn't there some m&a at some point uh no no I I I think I think a lot of these tech companies just went went public really really early and distributed the shares but that doesn't mean that the partners necessarily sold which is like okay so yeah some of the LPS might have sold if they got the
shares but they might have held on to them it just kind of depends so you can't really knock them for that if there's yeah there's some old partner chilling with some Apple shares right now totally possible pretty good um but yeah let's keep going through this Alfred Lynn who co-led sequoia's
investments in open AI topped this year's mest list rankings of the world's 100 most successful Venture dealmakers compiled by Forbes uh Mr BTO came in 11th another three Sequoia employees made the list uh bota puts things in darwinian terms paraphrasing the father of evolutionary science it is not the
strongest of the species that survives nor the most intelligent that survives it is the one that is most responsive to change for seoa responding to change has included hatching a growth fund to bankroll larger startups that would have gone public uh expanding into China and India and creating a hedge fund and a
wealth management arm so they've really really expanded although obviously they've they've you know tied uh they've paired things back recently seems like a sound idea and principle why ensure cross why endure crossb headaches or compete with spendthrift foreigners like SoftBank of Japan uh as they bid up
valuations of today's sexy AI startups when fettering out Tomorrow's Star at home offers potentially higher returns for one thing the VC landscape has become more crowded pitchbook a data provider counted 3,417 conventional VC firms active in in America last year up from fewer than a
thousand in the mid-2000s when Mr bota got into the business last year they managed $1.2 trillion worth of assets compared to 150 billion 20 years ago the value of new deals in the first nine months of this year exceeded 130 billion that pales beside the 352 billion in all of 2021 a white hot year for startups
but is nearly twice the figure for 2014 and so massive massive growth in in VC in general um this is this is just such an interesting article there um as with the other growths of the other old growths of San Hill Road seoa is also contending with smaller seed investors often ex entrepreneurs getting between
old school VCS and the next generation of Founders these newcomers are closer to the young entrepreneurs in age and have at the same WhatsApp groups and offer Council on negotiating with the Seas having been through it themselves the phenomenon dates back to the creation of y combinator a startup
Kinder Garden what a blast yeah The Economist really does not pull punches yeah yeah yeah brutal I don't think it's I mean but but at the same it's it's not like you go and yeah kind like even for children kindergarten is a kindergarten right it's basically daycare for kids with a little bit of learning it's and
and but it's not like kindergarten bad yeah like like it serves a purpose yeah kids graduate from it and they go on and do big things from there right so it's a starting point so I don't know I don't know earliest phase of funding basically and and it serves a very real function of of taking people that oftentimes have
really no experience building companies raising money all these different things and giving them some structure uh and the returns uh definitely show and then they highlight this really funny deal that just happened recently or move that just happened recently they say on November 26th the information reported
that a young former startup manager turned partner at Andrew Horwitz seo's rival was leaving to start her own $50 million seed fund which this is like the most random inclusion ever in the context of I mean good for Michelle if you're not familiar that's clearly Michelle voles who left andri to start
um I think it's called like Pax Ventures PX Americana Ventures and uh uh and I mean she I don't even know if she's closed the fund yet she just left and kind of announced and leaked to the information and they published it she hasn't announced it she hasn't really posted about it but here The Economist
is like man seo's got some stiff competition like a new a new seed fund that hasn't actually closed yet yeah yeah I think I think I think Michelle would be like yeah you know like I could probably uh like let seoa win and still do very very well yeah but uh this is great so they close with seoa has no
plans to seed what M what Mr boa calls its unfair Advantage a respected brand name a strong Network and sophisticated data analysis um it's beefing up Arc its startup school and maintains a scout scheme lending asset Rich cash poor Founders money to invest and sharing upside in 2023 it backed five startups
as they were still incorporating uh it's still M it's still also marketing itself more intensely Partners speak at conferences and appear on podcasts no mention of Shawn here doing some of them post as well the craziest work of all the of all the uh Sequoia marketing machine this cost
money more importantly it takes up time that could be actively spent seeking out fresh po press prospects it has led seoa 2 to expand Collective decision-making on which it Prides itself is necessarily less limble with 25 investment staff than it was with a dozen two decades ago yeah so they still have a consensus
partnership really which means that every single you could have uh you know let's say Alfred Lynn yep uh wants to do a deal he still has to get every other GP on board to do the deal everybody has to be bought in and so that's different than is trity Benchmark might be like that I
don't think I don't think Andre is like that I don't think found Founders definitely not like that um and so it ends up being an interesting thing where Founders can get all the way through the process with seoa pitch the full partnership which usually is just sort of like a a sort of ceremonial thing but
then maybe still not get a deal and have to get some of these um you know a GP or two like fully bought in uh maybe they don't even get there at all um and so let's close with this post which I really liked uh clip from Mike Moritz I believe on um oh I forget I forget what interview this was it was great um
Mike morit on what made seoa Capital successful we've always been afraid of going out of business we worked hard to on trying to figure out how we make seoa endure we've assumed that tomorrow isn't like yesterday we can't afford to in to rest on our Laurels it's great this was from a long time ago too yeah it's um
yeah he also he also talks about you know uh Don says The Art of Storytelling is incredibly important learning to tell a story is critically important because that's how money works the money flows as a function of the story and he says uh a venture capitalist gets to see all kinds of storytellers um which I think
is makes a ton of sense the people raising the most money both funds and startups are the ones that are best at storytelling they often times back that up with with great you know products uh but but uh it it matters uh matters quite a lot um I think there I think it would be silly not to mention kind of
the the two disjointed media strategy that that seoa has right now which on one hand the the Sequoia partner that I see the most of uh is Shawn Maguire and many people that listen to the show probably as well he's by far he kind of has his own brand and approach to getting attention and getting in front
of Founders and it's certain ly um it's it's you know it's been controversial he's gotten himself into into hot water um off but it's paid off in many ways uh he led the the deal into X from seoa has very close relationship with Elon um it's uh even last week it was it was he had posted something about Hunter Biden
being his uh tenant at at his family's property in Venice and how crazy Hunter Biden apparently allegedly was trying to pay rent using artwork that he made with feces his own feces so incredible story uh wouldn't wouldn't put it past Hunter sounds a little crazy um but then Sean immediately I think went and uh I guess
like seoa had some type of issue with their Google workspace yeah and they were like you know got taken down for a second and he immediately was like is it the Deep state or something like that um I think he he sort of retraced on that but it's sort of this like really interesting contrast where half the
partner you know more than half the partnership is sort of like quiet in the background uh you know sitting on San Hill Road basically like taking this very like thoughtful sophisticated approach meanwhile Shawn is just like posting through everything figuring out how to make himself a part of uh a part
of stories that of like a global conversation a global conversation not even within Silicon Valley like there are people there are random political junkies in the middle of nowhere who don't even know what a startup or series a is that know Shawn because of what he did yeah and I could see I could see uh
Alfred Lynn going on um going on like Lex right and like having this like three-hour conversation about the future of you know do know Ai and then meanwhile Shawn is getting a hundred times more Impressions Around the Clock just posting um so different approaches and we'll see how they uh John is
opening up a gift from that we got from one of our listeners and Friends of the show The Lone Ranger is his name um that's hard which one is that this is a uh let's see this is a level two strength grip trainer that you try and pinch with your okay so so basically we we got a bunch of the we got a bunch of
these yeah we got a bunch of these in we got to work it we got to work up to it uh The Lone Ranger basically uh thank you for sending these but his his advice was basically use these um I'm not sure it's hard yeah this is a two so he basically said anything over a one yeah if you if if a Founder can do over
one uh you know you it's they're investable they can't do that not investable if you can get to two and a half which we have here we'll have to test it at a later date okay two and a half just back the truck up get as much allocation as you can okay um it's just all about grip strength these days it's
all about grip strength these days no he said it's an alternative you know we're in this middle of this test an epidemic where many many Founders are trying to build their companies uh in the 3 to 400 range um and that's just a big that's just a big problem and so if you can't get a blood test from a Founder to prove
their testosterone levels prior to investing doing a grip uh strength uh test on the spot is a good way to kind of evaluate um are they an investment you know candidate do they have what it takes um are they captains of crush captains yeah that's a brand that's a brand yeah go we highly recommend go
pick up captains of crush on Amazon yeah these look very vintage yeah these are great from a company called iron mind yeah um the last thing on seoa do you know the other half of their media strategy most ADHD episode it's Dom episode it's a Dom episode it's Dom episode cheers um the
other half of the uh nice ring to it the other half of the uh Sequoia marketing strategy is this podcast hosted by rolloff bota um called uh Crucible moments and they actually get incredible guests they've had chesky and all these like huge CEOs on um and they've done some promotion for it but it just hasn't broken through
like Sean because Sean is just like in the zeit guys like I honestly hadn't even heard of the show yeah yeah yeah it's tough because um there are a lot of those types of shows and even though they have kind of the the best it's like limited run they don't do that many of them and they have no growth no real
growth Lo CU vot is not out there they're posting roof's got to be posed got to be got to be get in the mix four or five bangers a day IDE yeah that's what I want to see so I hopefully they hopefully they take after Sean and we see more no but that's that's uh the pure quote unquote quality and depth of
content has nothing to do with how quick how big of an audience it it gets it doesn't even necessarily deserve a big audience because to deserve a big audience you actually need you got to have a multiple things going you got to have the right format um but but uh but yeah I'm sure they'll I'm sure they'll
keep iterating on it and figure out a way to to get in front of more people yep so let's go to the DMS our Q&A segment uh add us on a or send us a DM if you have a question uh Mickey with the blicky says VC Mickey is back I have an idea that could transform your podcast into a billion maybe even a
trillion dollar company you'll have to sign ndas prior to discussing DMS open what do you think Jordy Mickey I think he's baiting us for this one honestly I think he knows that you're not supposed to ask for an NDA before you pitch somebody's something at least in the Venture World cuz at this point it's
like you know you ask for an NDA and then and then what if we already had that idea and then it becomes a sort of like legal scuffle because he's like well that was my idea and blah blah blah so Mickey I know uh I don't I don't know Mickey personally but we've had some interactions via the show and I know
he's baiting us with that one Mickey knows better than to ask for an NDA uh on the first meeting so just just tell it to us just just we can be trusted we're friends we won't we won't lever lever up the idea and turn it immediately uh Mickey never heard of him uh screw that guy uh thank you Mickey
for for providing great questions we love it uh Red Bull futurist says can we get some insight into the pen that you use to sign deals are you Fountain enjoyers Bick Crystal extra bold appreciators what do you think Jordie man I my my handwriting is I do a lot of digital signatures honestly I um and
we're we're trying to bring the paper back we're trying to bring the pen back I'm really trying to work on you know my handwriting um I uh I'm not I'm not dialed in on pens but but one of the reasons why I haven't really explored um what's out there or purchase anything is that we're making our own pen yes that's
right and it will be uh pretty much right away I think it'll be one of the number one sort of deal making pens in Venture um we'll be getting them out to our listeners Founders in our portfolio making sure that everybody's got the right ink uh for the deal but we got to bring back we got to bring back inperson
document signing Germany like forces their Founders to do this but it's a great photo opportunity like imagine imagine one of our listeners is Raising you know signs a term sheet with Shawn Maguire like I want to see a picture I want to see a live video of both of them signing on on the dotted line you know
there there is a great photo of Dylan field at figma signing a term sheet with sequa out there oh it's with will I believe oh isn't that his name no and yeah Andrew Reid that's right remember I remember yeah always get a deal photo for sure yeah for sure um no it's actually sad a lot of deal photos don't
happen now because of Zoom yeah and so by the time you're actually having dinner like there in person like it's already closed or or you know at least the term she been signed but you're going to want that for the book or for the even just like the tech crunch article like just give them something
better than just or if we break if we break your fundraising announcement we will include it in our um you know uh but there's an easy way around uh you know decision fatigue around what uh pen to use and that's just hire a full-time calligrapher which is what I do um so I have a calligrapher on staff and anytime
I need to write something my handwriting is terrible but uh hers is fantastic and so uh that's kind of how I've solved that problem you have to like delate delegate you know sort of uh you allow them to sign on your behalf exactly exactly and then it just looks beautiful every time um and so yeah if
you ever get a handwritten note from me well you know who wrote it my calligrapher um let's uh let's go to promoted post Jordy what do you got for me here we go it's time to uh it's time to to promote um let's see here uh all right we have a promoted post from Matt Paulson Matt says ramp is the
best every business should use it to keep expense creep at Bay simple bold and true and he's quote tweeting ramp saying using different software for cards bill pay travel expense management and procurement and it has one of the original uh sort of SpaceX uh rocket uh engines which is just way overly complex
Raptor 1 and then you say and it says using ramp and you have Raptor 3 refined streamlined simplified uh and just even more beautiful so that's great metaphor great great metaphor for using ramp so if you're using 20 different tools to run your financial operations at your startup cut it out switch to ramp
consolidate focus and you won't end up like The kamla Campaign which was using MX probably bill.com didn't consolidate and they blew through a billy in a few mon they spent 100K on a podcast set yeah for one shoot whereas we spent I mean we spent like three to five times that but this will be used again and
again again we're amortising it so more like capex as in this case um but yeah thanks to ramp and if you sign up for ramp tell them the technology brother sent you uh let's go to Zack he says would listen to a pod called liquor ladies leverage on how almost great entrepreneurs [ __ ] up their lives what
do you think I disagree we we were big fans of Leverage big fan ofor big fans of ladies cheers to Zach cheers to Z um no I I think a lot of great entrepreneurs do have vices right like they do have their sort of kryptonite or their Achilles heel whatever it is um sometimes it's some of those things
um I feel like I feel like senra like covers a lot of that stuff like he he gets into I don't know like he he talks about the McDonald's founder or whatever and how like the guy was basically like all of his relationships would fall apart all the time and he you know really like kind of failed on the home
front in many ways um but I feel like he doesn't cover almost great entrepreneurs he covers great entrepreneurs who made it made it through so so the the question here is how almost great entrepreneurs [ __ ] up their lives and uh yeah there's plenty of plenty of great entrepreneurs that made it through
with the three Martini lunches yep uh we already covered Dylan oh this is great uh so pbit uh got a package secured from Mod retro and it's a beautiful package for yeah just chromatic yeah so mod retro basically figured out that I guess like all of the trademarks and patents on the Game Boy
expired and you could reuil you could create a new version of The Game Boy scr put it back into production um it's still that same analog feeling yep and uh yeah I haven't been able to to play an actual game but the cool thing is that we'll use the same cartridges I believe that you had for an actual game
boy those easy to buy I mean I still have a bunch you do yeah yeah yeah um that was like my original sort of like road trip I feel like the next thing they need to release is like the Omni cartridge that like rewrites the cartridge on the Fly in stores basically like a thousand games in one go or
something like that because like the Hardware's gotten so much smaller you could probably compress everything on there but I think so mod retro actually has a partnership with GameStop and GameStop is like thank you God for listening to our prayers finally a new hardware device that has physical
cartridge games that we can sell that you can't just buy online like maybe you can buy them on Amazon but you can't just download them so it's possible that I could see a world in which mod retro eventually lbos game massive M and you have to imagine if there's like a 25 lag on the IP that it's like we're going to get a mod retro
N64 yeah and then we're going to get a mod retro PS1 and then a PS2 and they're all going to be just as you experienced that yeah and I know I know a number of people that invested in mod mod retro it was probably an easy bet just because Palmer was involved and uh uh but but
yeah their sales have been fantastic it's sort of one of those things like you can pick out a lot of of reasons why maybe it's not a good bet it's like how many people are actually going to like buy it and play the games and all these different things but yeah if there's a if there's a case for like basically
creating all these different analog versions of of historically significant gaming platforms it's probably like aund million do Revenue business there to be built so makes sense well let's go to Gordon gecko he says when are they releasing AMX wrapped 1.6k like so I mean they basically have that already they do yeah
I mean you can okay so I can go into I can go into I've got my arow on wrapped for for the six figure Club that's that's there's there's not many of us but um but you know you can literally go into MX and and look at year to date or last year and see exactly how much you've spent I would like more social
sharing that's not the same as a WAP a WAP makes it fun there's music there's animations it shows you you know what your personality type is and it needs to break things I want to see like you generated 20 grand in interchange fees exactly you're like yes the shareholders yeah yeah I I mean more
companies should do wrapped I I I I would love to see brex wrapped for for companies I would love to see you mean ramp yeah yeah ramp ramp wrapped that's a bad BL like like brex wrapped is just you went out of business in Q2 uh ramp wrapped really doesn't roll off the tongue uh they need to come up with a
different name for it but no it's ramped wrapped and it's a it's a real rapper that makes that makes like a freestyle based on your spending that's good that's good it's like Ali G style like yo you spent you spent 500k on cloud you know but even even like you YouTube should be doing that wrapped there's so
many uh a should definitely be doing something like the the I I want to know what post was the biggest Banger that I liked the earliest yeah you know that's something that they could pull together well yeah and that's the thing there's so much Alpha and just taking a format that works well in another category and
just recreating it in your category in many ways we've done that with uh you know the Pat McAfee show right it's like the Pat McAfee show for Tech um but yeah if you're if you're a business and and you have some type of interesting user data uh make make a WRA it's not like it's pretty e you know it's pretty low
lift and potentially a lot of uh cool attention you can bring your way it's great uh carried no interest says one of the largest aluminum processing facilities near me in the midwest just sold to Emirates Global aluminum EGA is owned by the mubadala investment Authority which is State controlled
entity we literally need to ban this this cannot be allowed to happen I'm all for free markets but at some point we as a society need to conclude that our most important industrial assets should not be foreign owned would China allow this would Dubai even allow that why do we it's good question he's so tapped in to
like how does he know about this aluminum processing facility it's crazy so when I talk to carried I'm always I get sometimes like I I work on a bunch of different deals and the last year I've done stuff in water and defense and Ai and all that stuff but um and and I'll talk to people and they'll be like
how do you work on all these like different things like they're in such different categories but I get that exact same feeling when I talk to carried like he's just always in the same day he'll be working on some new you know product like leveraging you know uh GPT and in the same day he's
buying some like metal processing facilities so anyways absolute uh Capital markets Chad um absolute dog and um yeah I think he's he's been he's been um banging the drum on American manufacturing needing to be about more than just investing in new robotics companies and and things like that and
there needs to be more more of the right government Intervention which is like hey let's not sell off our our critical uh Industries and uh let's actually get more uh government investment in you know manufacturing locally um so that we can actually compete on a global scale with uh giants like China yeah yeah and
really understanding like what is the market Dynamic for these uh industrial plants like uh there's only I think there's only one tin smelting plant in the United States anymore and uh I mean I learned this with uh nicotine gum manufacturing all of the this is not obviously critical but like every gum
manufacturer went to Canada and Mexico because of the sugar tariff and sozy so gum is very heavy in sugar and so you want to bring it in as a finished good you don't want to bring in the sugar because that's taxed and so like like all of the sugar all of the you know chewing gum manufacturing capacity went
overseas um and and you could see that like you know there needs to be review of these types of deals to understand okay how much of our aluminum processing capacity did we actually just lose control over if it's 1% probably fine but you don't want to boil the Frog and so you want someone watching this and
making sure that you don't wind up in a situation where you know China controls 99% of the uh of the of the raw material at some point uh let's go to Justine Moore uh she says someone made a dating app where that uses your conversations with Claude to make matches and it's called claudet share your Claude
conversation history and find your match interesting I think they're going to have the same problem that most dating apps have which is it's like massive over index on men yep and uh maybe uh is that true for replica and character I feel like those were skewed differently than expected yeah you nor expect it's
all it's all dudes because a lot of men talk to their ramp s Str when they get lonely you know they don't they don't need to or they just do calls yeah yeah but I I I've long thought that the the good ending for all the crazy AI girlfriend AI boyfriend stuff is is it matches you with someone else who's
similar who's also talking to an AI girlfriend or boyfriend yeah and so there's a lonely person in Witchita and there's a lonely person in in you know Miami or something but you guys have been talking to your AIS about the same thing you're clearly a match and so the AI just says hey look like you know why
don't I just match you guys up and then move on to the next person or it it doesn't even say anything and they just say hey by the way for the last two weeks you've been talking with the love of your life do you want to do a face reveal that's amazing boom that would be amazing I said somebody somebody pitched
me the other day um the another concept uh in the in the sort of dating app concept which was delegated swiping so imagine like you go on and you create a profile and then you let someone else that you know swipe and like make and talk on your behalf and that's probably been tried but I could see that hitting
in the same way that um what was that like uh social media app where you could like post once a day or whatever like every every once in a while you can create the sort of like novel social interaction be real be real yeah like be real like didn't really have any sort of net new
functionality uh then like Instagram besides a specific constraint and a dating app that you can't swipe on at all and like only your friends can swipe for you or family members I could see that hitting um if you uh we're willing to spend 10 grand a month on intro with uh with Nikita yeah yeah you can even uh
I mean it's a real phenomenon that when when there's like one single person in a group of people that are in relationships every everyone who's in a relationship will be like oh like let me see your dating apps like let me see who we should be swiping on so I could see that being really big and then there's
even like a bounty for like who's the one that swiped on the right person you know oh because it's basically like making an intro uh and being like oh I'm the one that matched them up like I'm the one that saw something in that guy's profile for my for my female friend that I was like he'll be a good one for you
and she might not have swiped on him so I a little bit of credit at the wedding it's all great toally yeah some people are Their Own Worst Enemy in dating it's like they keep going back to the same toxic type of people and sudden sometimes you just need your mom to swipe on your behalf yeah yeah exactly
uh Craig Weiss says did the PayPal Mafia just take over the government yes Greg fact check true yeah uh not much more to say about that there yeah there's really not much more to say uh you know 20year plan executed flawlessly but you know what you know what the real story is the real story is that PayPal had this
really weird thing where they merged the company there was tons of infighting Sequoia Peter Elon all like you know at each other's throats well documented basically breaks up the company they wind up selling it so all those guys they're all killers and they all get liquidity really early and so none of
them stays like like run the counterfactual where Peter or Elon is running PayPal it's a fintech giant worth a trillion dollars like no doubt right and so instead and they'd probably be just as wealthy but they'd be like the CEO narrow you know concerned about regulation just that one thing instead
it's like all these guys scatter to the wind with millions of dollars and then they can start funds start new companies do all sorts of things and they just naturally become divers and and then once you're once you're Diversified the adding the government on for Elon is totally natural it's the
highest leverage exactly yeah and so I I think that's the real phenomenon is yeah Elon you get to a lot of you know newer CEOs or fund managers are like well I just need to hire this PR firm and pay them 10 grand a month so they like get me in this article or get me on this list and you get to a scale like teal
scale or Elon scale and yeah the highest and best use of your energy is making sure the government is is is working in your interests uh and towards the same goal so we'll see how this one plays out for him K it's gonna be a great season it's gonna be a great season uh Max novin Stern says building tech for drones now
is like starting a deep learning lab 10 years ago interesting I like that because you you know I wasn't sure where this was going because there's a ton of defense drone companies right now it's kind of overplayed oh you're Building Group one to three ISR drones with mixed use and IND yeah exactly um but but but
you see those drone displays it's like we still don't have an American DJI so three years ago people would see the Chinese like drone like firework style drone displays and they'd be like oh look how cool this is just like let Reddit like reaction just like just riting out great Chinese drone show and then now
people are like [ __ ] [ __ ] [ __ ] like they're like really stressed about it cuz you see this like yeah if they can make the drones turn into this like massive Dragon it's like they'll do that on the battlefield totally they I I could that's that's the crazy thing everybody's like oh they're going to
create these drone swarms but imagine you're just an infantry you know person in in Taiwan and this literal Chinese dragon is flying above you and they're all have bomb strapped to them you're going to be like all right like let's you know let's tap almost you yeah Rave the White Flag yeah it's it's wild I I
posted that like it's it I I couldn't find an example in science fiction where um because when you see those Dragon drone displays they're basically Holograms like they're 3D they're they're big and they're in the sky but they're essentially Holograms because they're rendering the pixels through the
individual drones um and I was like I don't I don't there were plenty of sci-fi authors who predicted Holograms but I don't think anyone predicted that Holograms would be extremely deadly in Military and the for and the format of them exactly nobody everybody was thinking they'd be projected yep not not
physical physical yeah and as soon as they're physical it means game over death insane yeah suer and Jetty says this man did not place a single bet before 2020 by 2024 he gambled away $1 million and left his family destitute along the way draftking signed VIP hosts who spoke to him daily and facilitated his access to
more gambling productss while knowing his family status DraftKings was sued after a father of two gambles away $1 million of his family money very sad story very sad story uh gambling addiction is is real so is Angel Investing addiction it's so hard because gambling addiction is is
uncapped downside financially yeah you can lose a billion dollars you can lose a million dollars you can lose if you have $10,000 you can lose it all and there aren't that many other addictions that have that crazy downside I mean of course like the hardcore drug it's like the same thing for your health yeah like
if you're on fentanyl it's like yeah like it's going to be fine fine fine and then dead right and it's kind of the same thing financially um but there aren't many other like if you're addicted to shopping or consumption it's very hard to it's very hard to bottom out in that way um yeah very sad story
so I'm but that's the thing I I don't think people I I I didn't know this but these big um sports betting gambling companies they have a managers whose entire job is to get the users to gamble more money by introducing them to new products becoming their friend like having this dialogue and it's and it's
super dark I don't think that should be I don't think that should be allowed I think it's turning it's basically like putting an addict in a casino and having somebody follow which is actually still a real thing it originated in the casinos but still for some reason in person you're in their pocket they're
mess you know they're messaging you but the casinos have always been constrained to it's just Las Vegas or just you now it's in your pocket everywhere somebody this guy's had his kid soccer game and his DraftKings account manager is like hey did you know you could you know game coming up what's your who do you like
yeah yeah very risk super dark against that yeah it's this it's this interesting uh battle between uh uh sports betting is like clearly I mean it's not going to go away but there is a historical precedent for the government coming in you saw this with online poker there's a lot of people who
had entire careers built around gaming online that got shut down um and you know I'm sure many people would argue oh they're never going to take this away creates too much tax revenue the governments are incentivized to like just keep it kind of going and now with gaming we'll we'll see what happens um
the other the interesting thing in gaming right now is there's all these new platforms that are facilitating fantasy sports and allowing you to basically bet on fantasy this is way out of my way out of my wheelhouse so I can't speak about like using these products but I do know there's this tension between uh the
tribes that that historically had a monopoly on on gambling being frustrated with these new fantasy Bing platforms because it's effectively a workaround to do sports betting without uh paying your tax to the to the tribes and so over the next couple election Cycles both at the state level and the national level I
think we'll see that play out where the tribes have a big incentive and they have big balance sheets that they can go and start lobbying the government to say hey we need new regulations here so I think we we sort of have probably hit like Peak un unregulated sports betting and gambling broadly so we'll see what
happens over the next few years yeah very very odd I I think one of the big there's a couple angles like one would be like you know restrict the hours restrict the locations like gambling used to be basically geolocation locked before when it was in Vegas um now it's been unlocked and you
can do it 24/7 when it wherever um the other interesting thing is that if you are actually good at sports betting they kick you off the platform yeah because they know they're going to lose money on you because you have an edge I'm sure I'm sure we have some I'm sure we have some listeners that are constantly
getting booted yeah and so maybe that should be illegal like maybe it should be like yeah you can like you have to you have to take the as the the the like you know the power law risk on both sides guys if you're gonna take this guy's million somebody's gonna take that from you no it's interesting though I
don't know what it is I love I love Angel Investing I have zero interest in sports betting I've placed like one bet watching the Super Bowl with my buddy being like if this team wins yeah I have zero interest in it and I don't understand it um well it's low class and vulgar generally yeah right right I say
in a tuxedo yeah um real men play poker you know bakarat actually bakarat right um there's crazy by the way there's crazy like Dana White has gone on podcast and talked for hours about his like his the way he gambles in Vegas and he'll brag about like I'm up like 16 million so far this year like he like he's like but
they can't really like kick him out he like runs veg in many ways yeah yeah um I saw some video about that he like oh yeah like I had a rough night like I think it's bout that he plays because I think it I think bakar out is a game okay uh somebody somebody will correct us if I'm wrong but um bakr's a game
where if you are legitimately good you do have like some mild Edge over over uh the house yeah it's a little more skill G skill based but but Danny White's in there you know on a high after after a good pay-per-view and he's just like thrown around $55 million in a night it's wild uh Mark andreon says I think
this is the most extraordinary collection of talent of human knowledge that has ever been gathered together at the White House with the possible exception of when Thomas Jefferson dined alone I like that it's good estimated net worth of trump administration's wealthiest members and it's Donald Trump
Elon Musk VC ramaswami Scott bassant uh Howard lutnick Linda MCM McMahon uh Chris Wright Doug Burnham beram Steve witkoff mad bulos Steven Feinberg tons of people and they're and lots of billionaires fascinating beires beires yeah no it's cool I mean I I'm just personally we don't you know we don't
talk about politics on this podcast ever uh or social issues but uh I'm just really excited to see how the next four years play out it's going to be high expectations yeah the expectations couldn't be higher and so and the um and every the Republican party has every Edge right now right so if if they don't
perform then uh there's going to be a lot of dunking from from the left you know if they're not productive they don't get anything done um so we'll just have to see how it plays out yeah there's a reporter who was asking me like like oh like given that doge is going to like lay off so many people do
you think that certain things might move slower um because that's certainly not the the hope but like that would be kind of an unintended consequence and I was like oh it's so hard to predict that like but the scale is what causes a lot of the Slowdown the other thing I'm I'm going to butcher the statistic but it's
some un ungodly amount of people in the federal government have just been working from home like you know indefinitely and everybody that has hired a remote team in the past knows that remote teams do not work as hard they do not work as many hours you might think that they're you know they're
available plenty of times right if you send someone a slack message they'll pop on and they'll be like oh yeah I can jump on Zoom just give me like 20 minutes and it's like why do you need 20 minutes to jump on Zoom right it's like oh they were walking their dog or they were doing all these things so that's a
good point I think that yeah yeah there there's not a um I I think that the individual government organizations and the leader of those uh groups should be able to decide are we a work from home is it a good fit for what we need to accomplish right now um and just get more real about about that it just also
needs to be paired with like deregulation and changing the actual laws because if there's a law that says in order to build a road you need a rubber stamp and they fire everyone who does the rubber stamps well then it will still be illegal to build roads yeah and so you have to remove the the the law
that created the need for all that stuff so tricky uh JD says buy a 50-year-old business from an old man without a website they say after signing an Loi in August spending tens of thousands of dollars in diligence legal fees calling capital from friends and family and learning more about the generator space
than I knew existed I just had a deal die on the one yard line brutal but it's probably okay a few thoughts okay so I I pulled this because I had this happen to me last year I was working on buying a company in the UK uh that um uh like my my father-in-law knew the owner so there was like some type of con
worked on it for like straight for like four to 5 months like you know went there spent a lot of time with the owner it was a 30-year-old business and had all the capital committed had all the documents done and literally in the final week like found one single document that that should have been like
a like a non- issue that basically I won't go into it too much um but if we had known about that document much earlier in the process it wouldn't have been an issue but finding out about it that late and the owner basically hit it it it blew up the deal like I just decided to walk away like literally 48
hours before we were flying to the UK to close and the issue there was I had spent over $100,000 on legal bills that would have been prated among me and the other investors in the deal but because we didn't close I was I was stuck with the bill so I had to spend $100,000 for
a deal that just didn't happen and it was super painful but in hindsight now I'm I'm fine with it I'm uh maybe we wouldn't be podcasting right now if it had gone through um stickel investing yeah stick to Angel inves stick to the safes yeah stick to safes they're they're much easier no but but I brought
this up because this is something that AI is actually going to solve because imagine when you can take a data room and even in just like in in in my case there was 30 years worth of physical records for the business and we we only really had to pay attention to the last like 10 years but there's still like a
lot of data to Gest and so now you're going to have this AI tools that allow you to diligence deals much much much faster and for much less money because you don't need all these like Associates pouring over documents and all that stuff and so I think this is going to actually AI will speed up the velocity
of deals in private Equity because you're going to be able to basically you you now have intelligence as a service so a law firm you know with the same number of people might be able to diligence like 20 times as many deals and so it's actually very positive because if you're an individual operator
a PE fund you can go and say hey we're actually going to get into diligence with like more companies because right now and or up until this point you've had to been like you got to get really serious about the deal before you decide hey we're going to spend you know $100,000 on like going through this
entire process so yeah um makes sense let's go to bojan he says getting loser we are building a full for-profit AGI and it's uh Sam Alman in his coning egg amazing fantastic photo yeah and this is this is uh one of the bull cases for SF right Sam will not rest until you can Street Park a keg yeah um so that is uh
why SF is very undervalued right now I agree I agree um I mean uh people were saying this for it's funny how it's kind of flipped like people were saying for years like oh open AI like Chach PT like this company is so messed up like they should just be a normal C cor and now they're like flipping to that and
everyone's like no no don't that like it's mad or something yeah the crazy thing is there's this massive legal battle going on and Elon just continues to like [ __ ] post through it like he just like everything that Sam posts or somebody posts about Sam he just responds with like crying emojis like
it's crazy you can just do that like it's going to be in court right like these are going to be in the court documents about like these people what did you mean when you put the crying laughing emoji on this um or what did you mean when you said scam it's such a mess total mess but elon's lawyers are just like
refreshing his feed being like another 20,000 ailable hours another 20,000 Ables another 20 grand a it's never felt more like being a child of divorce in Tech just watching mom and dad fight in the the the the two most important tech people right now just beefing super hard on the timeline onel I just want Sam to
get back together merge xai and open AI well the crazy thing is the dynamic you have xai now is like actively trying to MOG open AI I'm sure it's elsewhere in the stack but open AI was doing their little like Advent calendar type thing Y and they were like we'll be back on
Monday and uh one of the guys maybe his name's Greg was like I love when they holiday chilling and while we grinding and he's like got thumbs up at the whole team that guy [ __ ] rocks I love that guy he's the man I love that guy I love it um he's like their Rune basically yeah everybody needs a rune everyone
needs a rune and just a [ __ ] post boj is basically nvidia's Rune he was for a while I don't think he's there anymore I think he's just kind of independent now but yeah post economic do we have a promoted post of course we do John we have a promoted post from our friends over at Gulf Stream Aerospace say unlock
new adventures when you board a gulf stream the world becomes a smaller place and I just got to say uh they have this incredible picture of a beautiful it looks like a 650 um landed in Antarctica wow um and uh if you didn't know you could land your go stream there now you do uh so go commission a plane talk uh
if you need an intro to a Gulf Stream rep uh just DM us and we'll be happy to set that up but if you already have one um tell them you heard about uh Gulf Stream on uh technology Brothers podcast that really that that that is just such a great like marketing copy segment the
the world becomes a smaller place a smaller place and that's what that's what travel and being able to just hop on a plane in a moment and be somewhere else is I to go I went to SF yesterday for for six hours and I was like w it would have been nice to bring my family and whatever and it's just the hassle of
all that um so um so yeah that's what the shrinking the world and uh everybody can learn a little bit about their marketing and they clearly uh know how to use x a lot of the promot post we feature uh they add links to their posts Gold Stream does not so Savvy in more ways than one totally you know there's
this saying in AI when some new model drops this is the worst it'll ever be yeah I want golf stream to start posting this is the slowest the planes will ever be exactly this is the slowest the planes will ever be we're going suic the world of hypercars and supercars we're always talking about horsepower and this
can go faster y let's make the world a smaller place by making the planes just twice as fast doesn't need to be doesn't need to in order of magnitude faster but if if you could just get if I could get to Dubai twice as fast I'd pay a lot for that there are companies working on that
boom uh and hermas are both working on supersonic planes right now um still a couple years out unfortunately but hopefully soon uh let's go to Sarah she says okay so andil partnered with open Ai and paler partnered with scale AI who built defense llama your favorite yeah on top of meta's Open Source llm but Ander and
paler also have a partnership and I'm pretty sure Peter teal has invested in all of them and it's a photo of the uh the red string conspiracy theorist from uh It's Always Sunny in Philadelphia yeah Partnerships we we we talked about Partnerships on a previous show uh there they're the the hot ticket
of the day everyone has a partnership I just want to I I would love to be a fly on the wall the room in the Pentagon and they're like so you're telling me we're using a llama for our AI you llama made this yeah every other like defense Tech word is always a Tomahawk missile you know like it's always really yeah it's always really
aggressive defense llama maybe breaking that a little bit Yeah they need the Llama Emoji you know in all the dogs the Tom cat like you know all these different uh the warthog all these different uh defense Tech terms but yeah scale I really really went crazy with that one but I guess they needed to
throw llama in there since it's like meta's product and it came from llm but yeah yeah meta being a social media company calling their product llama makes more sense um I'm not sure how that's going to do in the in the dod so what do you think if you are a uh series a series B stage defense tech company
and you don't have a major AI partnership lined up it feels like there's a little bit of Alpha and just doing a partnership with open a getting a press release out of it getting a Wall Street Journal article out of it maybe get on TV somebody's just just general awareness is it played out or is it still worth
doing I don't think it's played out uh we may have already peaked with with this sort of AI hype cycle right like we don't we don't know this right I'm not going to make a call here or there palun teers being valued at what 150 something like that I thought it was closer to 200 my God 200 times a times earnings um oh I was
thinking billion I think it's 150 billion oh yeah yeah yeah but it's the biggest defense so so there there's a lot of there's a lot of top signals so we we've talked about this before the smartest thing you can do at this point in the cycle is just tweet top every single day so that you can quote tweet
it and then um be be the next next Michael bur um but I don't I mean I don't AI is still in many ways underhyped right we talked about this if's if we're able the underlying technology can be underhyped like I at Thanksgiving people weren't talking about it that much you know I talked about it with like a handful of people
there yep um but uh you know I was talking to a guy who who um over the Thanksgiving holiday who like Works in film and TV and he wasn't talking about it and I was like you're [ __ ] um but uh but you know if you're in the entertainment industry and you're not thinking and it's not top of mine
you're probably going to get smoked yeah um the phrase is overhyped in the short term underhyped in the long term that's kind of like the the popular meme yeah and it's real so yeah yeah it makes sense but yeah there's no I we talk to companies about this all the time there's there's if you can launch a
partnership as then become a customer of open Ai and then make a press moment out of it do it there's not a lot of downside and there's like Po tons of potential upside yeah yeah even if it just means getting like somewhat preferential pricing on the API like that's better than paying full price get
a partnership by the way we're buying open AI credits uh our post earlier was not a joke us um hit us up uh if buy them well I mean it's a gray Market Black Market it's a little gray but we're going to get deplatform we're we're buying you can't get deplatform from the RSS feed so it's great uh let's
go to Nicole whiskoff she says sad to report that there's a strong correlation between how insufferable your sdrs and your company's success shout out to ramp sidecar and pitchbook the best sales people I know are the most annoying true and it's and it's really unfortunate because you're
like wow this super annoying person that I knew is crushing it right and it shouldn't you every it goes against every fiber of your being yeah to think that this really annoying person is so good at their job but if you're annoying yep go become an SC and you're absolutely going to clean house it's not just annoying it's like
Relentless no but but there's yeah there there's a lot of instances when I have to tell an SDR stop it I don't want to you know I don't believe in like blocking A salesperson or or or or just like reporting it at spam totally they're just doing their job but until you're getting people to say either get
on a call with you or engage with your product or or saying like please stop emailing me you're not doing your job as like a as a sales rep yeah I mean I remember like I was close with the ramp Founders and wanted to onboard and it still took a persistent sales rep to actually be at the top of my email
regularly for me to do the internal tasks just to make it happen like it wasn't just me saying like I'm in there was a whole bunch of things that needed to happen mechanically and that's what the SDR actually makes happen it's like go internally actually consolidate actually set up all the the admin
accounts and stuff like it takes some time to onboard a company onto a complex piece of software so it is interesting that right right now I'm sure Nicole is getting inundated with pitches yeah uh but right now it does feel like if I if a Founder engages with a post of mine on X or through the TB account yeah half
the time they're running like we Auto automate your outbound sales motion or whatever and I'm just like oh there's more of these companies than there are current good sales reps good sales reps in the valley but maybe that's bullish you know who knows who knows uh let's stay with Nicole she says 48 hours in SF
absolutely electric this week felt like one massive college campus with your besties everywhere a few takeaways YC demo day was impress was impressive tons of Bitcoin hit 100K I am an idiot uh Meno Park is very far from San Francisco zero negative sentiment on the market Tech Rose pod came up at dinner let's go
congrats you guys made it thank you dying to know in what uh in what cont to all the technology Brothers though because this is a this is a movement um yeah Nicole let us know what they said we love feedback here um at least one GP Nicole did say she did comment and say we need to add uh
subtitles to X but X has native subtitles that are better than what we would so if you don't have subtitles turned on go turn them on at least one GP at every firm you have ever heard of is leaving to raise their own fund not true Brian singerman is not raising his own fund um still not convinced that uh big
endowments invest in emerging managers uh blue bottle is terrible I've had blue bottle like a few times I'm not a big coffee snob so I don't know do you like BL yeah i' I've I feel like I've talked about this on the show before the Gen Z and Millennial Generations are so entitled when it
comes to Coffee yeah like our our parents were like if it's brown and hot like it's good sounds you know it's good good for me but we with coffee prices have inflated along with everything else so much that when you're paying $7 for a cup of coffee you want it to really hit but yeah you don't want gig slop yeah so
blue bottle is owned by Nestle oh yeah they sold which is the number one gigas slop food company in the world and so yeah don't expect to get a good cup of coffee at blue bottle that being said uh it's better than Starbucks and blue bottle bought my buddy's company and you lever that up into creating multiple
successful restaurants when they sold the Nestle so thank you to Blue Bottle for buying my ab Bo compan if you're thinking about taking a meeting at Blue Bottle why not take it at the San Francisco philarmonic instead yep just as good yep and you get to enjoy yeah next time you go to Blue Bottle wear a
suit and you might get better coffee and better service I think so I actually would guarantee it let's go to Yoni Rickman he says we're at the start of a new private Equity X Venture Capital super cycle whether it's PE funds buying Venture back companies Venture funds launching PE strategies or startups
using PE like approaches to buy their customers something big is going on he highlights four separate but related things category maturity limits on organic growth asset class maturity and entrepreneurial culture and so um you told him that he needed to coin this but I already had it's cougan
gigacycle yeahor sorry every refer to this isan's gigacycle from on didn't even read the post this is the first time I read the post this is yeah of course the guy who coined the coinage yes is front running anybody who's not yet coined something that should be Co this should be my whole thing every time
someone posts something good like this I just need to be like I call this cougan blank blank blank yeah so so the funny thing is is I guess a few things so right now we're looking at wow there's just massive convergence between private equity and Venture Capital yeah but venture capital is private Equity it's
legally the legally the same thing so PE is converging with PE which I love because two you know you know private Equity is fantastic culturally very different yeah culturally different um but yeah we're at this interesting time in the last like six months we've seen Venture funed Pool Service clean uh
rollup we've seen Venture funded Auto Body Shop rollups we've seen Venture funed uh accounting CPA rollups I want to do a car wash thing we've seen so Yoni uh and Slow's big bet was Metropolis okay what's that which raised which which was a SAS company for parking garages and they sort of
realized that they they realized that there was sort of like a terminal sort of value for their business and they were like why don't we just become an operator y so they bought um they bought one of the largest um uh whatever parking garage operating companies and and that was a way for them to really
capture all the value of the software they were building so I love it I mean I mean I love financial instruments I love private Equity LS I love irr um and so everybody likes to say oh we're late stage capitalism and it's like my point has always been no we're just getting started I love it I love it yeah I I
want to do something in uh car washes because I think uh especially as the cars start driving themselves they're still going to need to be washed and cleaned and if you can just have a network by all of the different car washes here's the thing though yeah tell me car washes are so bad for your car if
you're actually driving cars that are you know maintained there you know if you're driving a model 3 and it's going to lose half its value but that is a self-driving car right yeah yeah yeah I'm just saying I never I haven't used a um what do you do uh I have a detailer he he's he's uh that can be rolled up as
well we'll put that in there yeah but it's more of like a barber like it's like yes you could Roll Up barber shops but it just becomes Super Cuts like it's an art like my like so my detailer I've taken my car has been like serviced and you know they'll like clean your car and it comes back and he's like dude
like what did you do like you just undid like he's like you undid like a Year's worth of work on your paint wow and so now I I had to service one of my cars today and he gave me this little uh Hotel like door hanger thing to put in there that says do not wash wow because he's like I'm the only one that should
touch this like this is like a multi you know year process so anyways uh let's go to William he says Tech debt deflation is here 01 Pro just solved an incredibly complicated painful rewrite of a file that no other model has ever gotten close to I've been using this as an eval for different Frontier models and this
marks a huge shift for me we've entered the why fix your code today when better model will do it tomorrow regime interesting I didn't realize that 01 Pro was so Leaps and Bounds ahead of Claude in terms of programming I wonder if this guy's just Shilling or something because I think thought cursor and and some of
the other models were just as good so it's funny to think about so software Engineers tend to be extremely online but there's a handful that just do it like a just a job sure and maybe they have a GitHub but they're not on X or Reddit or LinkedIn and so there's there's undoubtedly hundreds of
thousands of software Engineers out there that don't know about the new AI tool oh yeah tot and they're just coding away and they're like you know maybe they have like a little SAS company that's doing well and just like yeah like I love my I love my work and you know I love the art and craft just get
steamrolled by like some 17-year-old that's like just leveraging all the models like just cracked out on them so have you seen how uh uh open AI is integrating with all the different code editors it's it's genius they they use the accessibility features on the Mac app so that they don't need VSS codes or
text edits permission to go in there and rewrite the code they just are able to read everything out rewrite it and just act as a AI assistant in there that's the wild thing right now so there's all these AI agent companies like there's hundreds or thousands of like Venture backed maybe not thousands but there's
hundreds of venture back companies that are building consumer agents and none like very few of them I don't really use any of I don't use any of them right now um and uh but you know D you know Dau of of a lot of the different models and that's like the wild thing is all of that agentic
activity that people have been betting on is happening with Chad GPT with Claude y um and so we'll see how we'll see how all this uh plays out but um yeah I would love to if you're building an AI agent that that actually works and it's good DM us yeah we'll give it a shot let's go to clone clone robotics says torso 2
with an actuated app abdomen looking freaky okay so this this video Yeah is almost sickening to watch it feels like a Westworld tot um AES basically so what they did yeah they they obviously are inspired but what they did is they they have this new motion I think it's in the vertebrae and like the the um just the
way the abdomen moves and most humanoid robots are very sort of straight up and down stiff they very much have that look and feel of a robot go watch I mean we'll quote tweet this go watch this video it it's pretty it's honestly feels like very wrong to look at um and um I just think that I think uh I think the I
weirdly think the Firearms industry is going to benefit a lot from the robotics movement because in a world where humanoid robots walk the earth and if you uh are criminal and you you can now from the comfort of your own home use human robots to commit crimes everybody is going to be just like freaked out
right because it's like well yeah maybe you have your uh I'd be interested to see if anybody's building at the intersection of like ring and humanoid robots right so imagine it in the future you have a humanoid robot standing in your backyard 247 on alert bodyguard yeah um so bodyguard. a if you haven't
bought that domain go buy it sit on it some Venture back company will buy it from you for uh 200 Grand in uh when the time is right oh this is great so uh drva rendra says uh we need to Triple space Force's budget because uh Delta says never deleting this app we have Taliban space posting and it's a
screenshot of someone from the Taliban I guess advocating for taking the moon uh or or maybe Mars it's hard to tell here this photo is very AI generated but um while the the moon should be estate campaign that Mike salana launched has apparently reached the Middle East and they're trying to get there yeah
everybody wants to take the moon it's like the ultimate P you know prize it's in the sky yeah why not um and uh imagine doing imagine you know using a drone swarm to project the American flag like across hundreds of miles from the mooning uh there's probably some gravity issues up there but no I also saw that
the have been trading meme coins there was a guy Sho filming a video with with like at some dinner with the Taliban cuz they're kind of in control over there at the moment and yeah they're they're trading so if you're trading meme coins you might be trading against the Taliban so it's crazy they're still in
business like because Isis came up and there like all these different Splinter organizations GS taliban's kind of Lindy at this point damn they're hanging on to a thread yeah who he going strong uh I don't know maybe we should do a deep dive on the various business lines of the Taliban I know they were big and
Poppy yeah uh heroin trade yep kidnapping ransoming but yeah I'm sure wonder what their most profitable year was well now it's taxation probably you think so because they just run all of Afghanistan yeah so they're just the good business model yeah I guess that makes sense on violence give us all your
you know half your money or we'll kill you yeah wild uh Steph says met a Founder who handwrites all of his own business cards and I kind of love it pretty cool yeah this is like you you have your calligrapher that you will write anything for you I mean they're on call 247 exactly um no I do think it's a good way
to stand out uh business cards are it's funny because the iPhone rolled out the feature of and and it feels so just like you know it's somewhat useful but I've als I found that it's functionally has some uh functionally has like a bunch of issues where it'll like add the contact
but then it'll you don't know if you forget their name and you can't find them again so it's like bunch of issues I was at a conference and someone actually recommended an app it's like a couple bucks I think it's just called recents and you download this app and it just sorts your contact list by when
they were added so you can go around tapping and then at the end of the conference you can pull up this app and see should feature I know it should just but apple is too focused on just destroying the photos app oh my God it's so bad hey here's an app you use all day long we're going to completely redesign
it and just botch it and it's really bad like I had something earlier where I I was trying to send something to senra yeah I think you were trying to send him the same thing yeah and I I could not could not find that the the thing that I wanted to send even though I knew that I had it in my app like within the last
you really have to sort and favorite things and then find the favorites which are now buried it's a mess it's a mess I mean yeah the uh yeah it's all all getting worse uh let's go to Mike salana this is uh uh a followup to the CEO shooting really dark story Mike says highly intelligent and accomplished
attractive nothing but opportunity goes missing over the summer friends begin looking for him reaching out to him over social either this isn't the guy or he's about the age and this and he was into psychedelics schizophrenia and yeah I I remember seeing like like the just like the the
video shows someone who's very agentic very calculating very thoughtful and there's always this weird dynamic who is this person and and couldn't they have done something better with their life basically like they must have had their brain broken at some point if this is the guy I mean we don't know at this
point so yeah so this isn't a murder mystery podcast so we're going to talk about this for three minutes and move on but uh yeah one thing that I saw was interesting he was a software engineer comai major went to an IV League apparently went to pen pen or no apparently went to some um even went to
like you know was Private School like affluent uh there's pictures of him traveling all over the world there's pictures of his friends tweeting at him trying to get him to respond he had been over the summer allegedly at some point was just gone dark and um one thing that was interesting is he um besides the
people that he was following which I'm sure a lot of the people on this show follow I guess Lindy man maybe uh wait but why all these sort of um he was a reply guy to Chris Williamson yeah but uh he apparently would defend marijuana and S psilocybin and various psychedelics like very intensely and we've talked a lot about
how there's huge huge huge downsides to the those um substances and and there's too much uh in Silicon Valley like at least when I was in college Tim Ferris would be promoting like various psychedelics on his show to the super wide audience and these are really really intense uh drugs and Men you know
certain men are just prone to uh schizophrenia and uh marijuana cannabis can induce that um I believe that that um I don't know if psilocybin can but um um perian you know iasa or whatever definitely can and so anyways very very dark and yeah I'm not sure it's worth speculating but it sort of um it
definitely came out of left field that he was a online probably center right you know software engineer doing this um and uh really doesn't make sense but um I think that's all yeah we really need to say well I'm sure we'll Le learn more in the near future uh let's take a pallet cleanser with a great post by
Sean Frank he says most Twisted thing about me I really love ads I like making them I like watching them I like the industry I like that they pay for content for all of us ads are good and I love ads there we go Sean this is fantastic I I almost I I had this sort of intrusive thought to Lunge for the
size gong oh hit it because ridge ridge I mean so Ridge basically Ridge is a wallet company fundamentally but they're they're the backbone of the creater economy Guy online and you make content that guys watch Ridge will be there for you it's like Ubi for people that make gaming content uh when I when I helped
out with Ridge back in the day you know there was um you know if if you had like an NBA highlight reel and you had no advertisers like Ridge would be there and be like we'll give you a dollar CPM if you just like put like Ridge in the corner yep and um that strategy's worked out very well for them they do
significantly more more Revenue than than most series C startups and and infinite more IA so on that note let's go to a promoted post we got to run there we go we got to live the brand uh if you can see behind my glass of champagne we have a post from duPont Registry uh and they are showing off a
2015 McLaren P1 with an asking price of 2.1 million Holy Trinity car Holy Trinity car it's painted in MSO kilog gry with McLaren orange accents this specification is subtle yet stunning the full carbon interior and carbon bucket racing seats with orange contrast stitching emphasize the Spartan cockpit
that is solely focused on performance and I got to say John I got a soft spot for carbon bucket seats Fant I love sitting in them they're not the they're not objectively the most comfortable but I certainly feel at home in them so uh if you're in the market for a P1 this is a fantastic spec people always talk
trash about McLaren oh it's just some tech guy who just made his money yesterday but you go with a P1 you go with an F1 you go with a P1 GTR people know people in the car World know yeah it's going to cost you a little bit more but you get a lot more you get a lot more and so it's so it's so worth it so
head to your McLaren dealer head to Dupont Registry tell them the technology brother sent you uh let's stay on the ridge team Conor McDonald says no more noble endeavor than being an Advertiser you follow these guys work together or something uh yeah and and that's I mean so let's face it uh there's a lot of
advertising that is solely oriented around driving very specific results and then there's a ton of advertising that's literally like I just like what these people are doing I'm going to support them and maybe I'll make my money back or whatever like we're we're we're you know pursuing some opportunities and and
horse racing right um it's not it's not necessarily to drive new listenership to technology Brothers but you know we we we have an appreciation for the Endeavor and the jockeys and and the trainers and we just want to support that right um and uh if you're an Advertiser take 5%
of your budget and spend it with uh spend it with um groups that you know maybe don't have a direct Roi but can give back to the world and and entertain you and your team in some way I actually I actually um one of my former Engineers uh our CTO uh at my last company he's like very into car car racing like on
the amateur circuit and so I sponsored him I wasn't it wasn't a ton of money but I was like well if you put like five of my portfolio companies on as sckers like I'll give you money for the race I probably paid for like a set of tires or something um but but that's that's my word of advice you can just sponsor
things you can just do things you can just build things and you can just sponsor things so uh go sponsor that's your homework for today go sponsor something go sponsor something uh Tyler says the classman Creed if you possess true taste you bear a sacred duty to amass wealth not for vanity but to lift
the world's standard and drape it in Elegance I love that beautiful I think you was inspired by something I said about the importance of spending money well there are so many people in Silicon Valley that have inordinate wealth and spend it so poorly yep and I I like that t Tyler has uh trademarked it the
classman Creed the class's Creed we might need a little work on that we could tighten that up it could be one word it could be two words but you know you're getting there Tyler doing you could drop the Creed and just make it an archetype the classman the somebody who constantly seeks to beautify the world
that they exist in um I I I saw um Elon actually commissioned a huge statue I saw this the fork in the road the fork in the road fantastic uh that was beautiful full um I think it was placed at one of um black Rock's properties Black Rock City yeah Black Rock City um so I was surprised to see Elon and black
rock collaborating but they're big asset manager he's got a bunch of investable assets so it kind of makes sense I love it uh Rick Zulo says a lot of talk on Twitter about VC's hitting it big on Meme coins undoubtedly there are going to be some ipping irrs there but IMHO these are a huge distraction these are
not the type of Investments LPS are paying us to make and I don't see the returns from these two uh being sustainable if you do make that your full-time job to me it appears like resulting above all else is this a moment in time to make an insane quick Buck perhaps is that shortsighted in my honest opinion definitely what do you
think can you build a VC firm around trading meme coins well so there's some like basically LP agreements that allow Venture funds to to put some percentage of their fund into highly alternative assets usually about 25 20% can go into secondary sales so for the really big scaled companies you might
only be able to get allocation into secondary and then uh alternative asset classes like Bitcoin crypto memecoins and stuff so this is this is something that has been uh driving the conversion to uh raas yeah uh because once you're an RA you can invest in public companies you can invest in secondary you can
invest in anything but it comes with Incredible compliance require so it's been very complex yeah but uh at hereticon I was talking with uh a buddy of mine and he was saying everybody for the last couple years has obviously been you know kind of dunking on crypto VC's and and not taking them
super seriously but historically cryp the average crypto fund has outperformed the average Venture fund or a basically no the average crypto fund is outperformed like the top 20% Venture fund so the returns because the the the asset class is so liquid and the timelines are so so so shortened um
the returns are phenomenal and I do think it's kind of a sign of the times that non- crypto VC's are saying well I'm going to take the 20% of my fund and just start yoloing it y um but uh but yeah I know I know some very respectable GPS that have that have done this and I know some I I know a you know
multi-billion dollar AUM digital asset fund who has 3x their their 2021 fund just on ethereum alone yeah um and so there's yeah I do think it'll be sort of the irony of the traditional Venture Capital firms that were sort of dunking on the Crypt VC funds Crypt VC funds generate all these crazy returns and
then the traditional Venture funds come in and and like basically bag hold for all the crypto VCS and then the crypto VCS will buy at the bottom again um I mean a friend who a who a partner at a a VC firm came in kind of at the bottom of the market and was like salana baby salana salana didn't make any VC
Investments bought the right bought the right coin PA is on fire yeah uh let's go to Bryce Roberts he says another show I'd love to see us make Founders for sci-fi so he's talking about David sen show read and dissect sci-fi novels and tie them to the present or near future world of what we're seeing in Tech I
think that's really really cool a lot of the sci-fi novels it's hard to dig through them it's hard to have a guide for what's good to read a podcast that puts it in a consistent voice well and historical context totally totally like when this was written the iPhone didn't exist so when you hear them talking
about the magical info tablet you should be amazed yeah yeah that is the iPad yeah that is the iPad exactly no so so here's the thing people don't understand this about podcasting and and we're obviously influenced by David senra he's sort of the The Godfather he's the Godfather of business podcasting but
he's also in many ways a Godfather of this podcast like he encourag us to take it uh as seriously as we take it now yep and so he talks about this a lot but people don't realize like if you just want to make $5 million a year having the founders podcast for sci-fi is a very potentially a very efficient way to
do that you can have no team yep just you a microphone a computer you can make $5 million a year basically MBA money yep uh from recording a show in the comfort of your own home and just nerding out about sci-fi you have to [ __ ] love sci-fi you got to love sci-fi you got to be willing to grind
you have to be willing to do what senra did which is like grind in relative obscurity for years yep and until now he has you know one of the top business podcasts in the world but he had to go through like three or four years of being completely unknown but set a Cadence don't just be like I'll do it when I
read a book be you're not going to if you come into it being like I'm going to do this as a side hustle it's like like great things have come from side hustles but side hustles don't become great things yes that's great that's a great way to put it let's go to Baldo our reigning reply guy of the month he says
to be honest I don't care about winning back-to-back months but I'll run over anyone who thinks they're in the race let's go bald this type of mentality so so winner mentality winner mentality grinder mentality so Baldo less than two weeks ago relatively unknown Cornell student starts aggressively replying to
our posts and last time I checked he was followed by Mark Andres Turner Novak Yoni at slow yep so many major fund managers I wouldn't be surprised if this guy drops out and you know raises a $5 million mango CED mango seed round that's Baldo got a mango seed round written all over him mango is such a
funny term from 10 years ago mango mango I think I think Andre coined that right or or someone at Andre maybe Chris Dixon wrote that but yeah the mango seed round for anything over like two million and there was a big question about like oh is it is it dangerous because like you have too much
money and the evaluation is too high for the seed now it's like if you're not doing a mango seed round you're not in the game yeah yeah it's amazing oh let's go to Morgan Barrett he's been on the show before he says me I'm almost to five million impressions my much more than my much more Twitter famous friend you can't do
anything with five million impressions five is a nightmare you can't retire but it's not worth it to work five will drive you uh Un Poco Loco my fine feather friend the poorest content creator in America the world's tallest dwarf the weakest strongman at the circus this is so funny I didn't realize
I didn't read this for some reason until we got on the show this is [ __ ] hilarious I I had lunch with Morgan the other week here and uh he's a great dude but man is he a great poster this is a won't be 5 million won't be at 5 million for long no so so so for anybody that doesn't get the reference this is
referring to to like the $5 million net worth Mark where you're is you're trapped like you're technically rich but like you can't really do things that know you can't retire really it goes so hard I will drive you o Loco my I don't even get what that reference is from but is that like Breaking Bad or
something I don't know well you understand what it means yeah of course of course you're Pass Me Your Glass Southern California you got to know what Boco loco means Boco loco wow we finish the D pering Yan we're going to need to start at what point do we move up to two bottles well well the thing is is that so uh wine
comes in different sizes we're drinking the standard which is 750 m then there's the Magnum which is 1.5 L but it goes up three lers 4 and a half 6 9 12 15 18 and they have really cool names big as a flag pole yeah yeah the Nebuchadnezzar the jobm the Methuselah and so what we'll do is we'll have the
porer you need a device because it's so heavy and it tilts over and it pours your glass but what I was thinking is that reasonably we probably can't put down 18 liters of champagne in one episode so live show when we as we start doubling bigger and bigger we do a live show and there's a jobm that is shared
amongst the the guests of the live show great I think that will work that's great let's move on to Bryce pound-for-pound midweek laps at Deer Valley is the best networking in Utah I love this Bryce is a humble guy but he's been very successful and he's also jacked I saw yeah Ry we want to see the beard back
you looked great with a beard did you see that oh yeah I saw the old beard you just look like an absolute dog um's saying he's saying what a lot of he's saying what a lot of capital allocators won't admit which is that midweek laps at your local you know ski resort are a great way to to meet LPS other investors
some some some later stage Founders maybe everyone makes fun of VCS for like oh they're spending all their time at almond gear they're spending all their time on in thep it's like where do you think where do you think the founders are of these multi-billion dollar companies that need to raise $2 billion
for their next series F yeah they're not hang at Blue Bottle they're hanging out at Almani so that's where you go you go where the money is smell the money smell it Chase it down that's the yeah the only thing I want to see from Bryce is you know he's got his thing with NVC it's it's it's a you know uh perfectly
size seed fund you know I think it's like $50 million they can do a lot with that but I'd like to see him go into the I'd like to see him raise like a $5 billion fund right I want to see him you know that that picture of him in the gym made me think this guy can handle he can
he I can trust him with two billion I think so so hopefully soon uh let's go to Kushi she says uh wait wait we we we cannot we can't skip over this post no we can't skip over this uh Bryce posted about doing a technology Brothers stay tuned live event at Deer Valley that'd be fantastic and the de the president of
Deer Valley replied to him and said uh let's make it happen yeah actually talk with him about this last week yeah we'll figure something out and uh yeah let's make it happen yeah if you made it this far in the show you're you can hit us up uh kushie says uh coolest boss award goes to Kevin Harts for uh for being not
only a co-founder GP of AAR V but also co-founder of the coolest stealth startup in the game Sauron which is their home defense company andal for your home paler for your home and hopefully I don't I don't know a ton about the company I've met Kevin before very very smart guy uh looks great in a suit I I actually
pulled this out because he was wearing a suit looks fantastic we need to see more early stage Founders uh we put on a tux though yeah yeah class it up a little bit class it up a little bit come on Kevin I mean you're a general AAR come on you can do a little bit better um but uh but yeah the only thing
request for feature Kevin build humanoid robot bodyguards that I can put in my backyard and on my roof that can just sort of pace on my roof uh and that's a feature I'd happily pay for so oh here it is Elon Musk says two years ago I commissioned an art piece a fork in the road had to make sure that
civilization took the path the path most likely to pass the fmy great filters what a great metaphor it's so funny cuz it's like it has a little bit of that Elon like meme like oh it's just a fork but it has this much deeper meaning about the great filter I I love that I'm bullish on us passing the great filter I
think we can do it we're gonna do it we're gonna do it chat I I I'm a I'm a big George Hots believer I think it's wireheading I think the risk is we all go into VR and we never explore the stars because we have this un ending pleasure Dome this wireheading future um that's the world that I'm most worried
about not nuclear war not killing us no the world I'm more worried about is we get so lost in a stack of posts that you and I never if somebody just kept bringing Dom out we'd probably just not stop podcasting yeah I mean it it it is crazy the scale of what it takes to pass
the the the great filter in the sense that like getting to Mars in actually building a society on Mars is you know such a stretch even for elon's Lifetime like it is it is a life's work and a half and times 10 well that's why he has 20 yeah children yeah even even just like the transfer window like you can't
go you can go to the Moon whenever you want you can't go to Mars whenever you want there the transfer window only happens every 18 months or something or every few years um and then when you think about the next planet it's like 30 years 50 years hundreds of years and it's just like a completely different
game like self-sustaining ecosystem clock crazy clock it's great though like like we need people thinking about this especially if they're wealthy and Powerful inspiring the Next Generation I love it I'm really happy he made this let's go to Flo Flo says I don't know if people realize how
literally I meant it when I say that AI agents are going to turn building a business into playing a game of factorio and he posts a screenshot of his uh his AI agent workflow yeah so uh he's been he's been building uh this company for a while it's very cool it's think of it as like AI agents meets like zapier
so you can set up all these different like more complicated um automations and I just pulled this because I thought that uh that that graphic that he showed of like being able to look at a lot of a lot of you know you know if you're running a company you'll look at your headcount and you'll see like you know
roughly um or or or just like a a map of your team and understand like all right where are we really allocating resources and time and energy and he's looking at this sort of diagram of agents that are all sort of humming uh in the background and um and he's yeah in in in in theory he's building Factoria for your business
where you basically just get to create and manage this Army of Agents so yeah I got to put to work because we have a bunch of things that could be workf flowed out with AI agents but totally um I haven't really sat down and actually used I think it's called Lindy yeah right Lindy great great name promoted
post very Lindy name promoted post uh you know what time it is it is holiday season and Tiffany and Co is uh At Your Service they say featuring a diamond of over 12 carats our holiday window display at the Landmark invite passer by to view the world's most iconic engagement ring the Tiffany setting up
close and I just got to say um what an iconic engagement ring if you are uh eager to um propose uh it's hard to recommend anything else besides this I mean this is absolutely fantastic piece uh you're going to make your uh wife or partner very happy with this one so um go indulge go check it out walk by the
window maybe buy it and uh when you are talking to your ad at Tiffany um tell them uh tell them the technology brother sent you not a your your um your rep um yeah let's go to simp for Satoshi getting a little meta with this one saying that all great men simp for other great men jobs for Walt Disney
Caesar for Alexander Elon for azov those who think sing for a great man is Unbecoming aren't ever going to make it it's okay to s for a Titan it's part of becoming one interesting I mean I like that at I am Ginger trash y AKA simp for Satoshi has been on an absolute posting role lately he's really building momentum in
the timeline yep uh but yeah this is this is um I mean I I think it was really I I honestly thought it was worth sharing a lot of people uh I think I think you don't want to make uh someone else your entire personality like I've always felt like wearing uh you know if you're into
sports wearing a jersey uh is sort of strange to put someone else's name on your back but it's okay to sort of like spiritually embody yeah to some degree it's almost like a mentor more than yeah sing what ises that really mean simping is uh derogatory term but he's kind of reaiming it because it's in his handle
yeah um and uh I like that he's taking it back and using it as a metaphor to just study under the tutelage of a great person and uh I mean that's what the founders podcast is all about like you can take a tour of the great men of history and figure out who can inspire you and who releases the most Alpha for
whatever you're building yeah uh Mark andrion just posted the American flag and a picture of the US Stock Market versus the rest of the world without America mogged mogged mogged mogged in a chart it really is staggering to see if you invested in America you did very well if you invested anywhere else you
were screwed yep wild let that be a lesson for you and I mean this is this is interesting because like it's proam but it's also a total Vindication of Mark strategy right it's like he has sized up his fund and gone turbo long America right and that is and it's just like leveraging cougan law along the way
value of coining of course of course software is eating the world it's time to build American dynamism one of the ogs of Cogan's law fantastic coin there should be yeah there should be a poly market for betting on the next thing that a6c coins you know like category so they're so Mark we're waiting we're
refreshing and we will do a a we will do our signature segment on new coinage breaks new coinage alert it's on the timeline breaking this could shake up shape rotators out word cells out we got the new drop from P Mark SC live scoop let's do it uh Harris Rell says I'm going to build the coolest Factory
and it's a very nicely lit shot of an American flag and a no so this was in a response to somebody was saying everybody wants to everybody wants to reindustrialize nobody wants to work in a factory Harris wants to work in a factory he's making a beautiful Factory he's making the coolest Factory it's
fantastic and uh yeah I I actually I disagreed with the original post nobody wants to work in a factory it's very stimulating to be in a factory right there's like a lot of you know there productive capacity you can hear hear the hum and the buzz and the and clanks and uh I love being in factories um just
like children yearn for the mindes you know playing Minecraft yeah men yearn for the factory floor I think of this as like a podcast Factory it is Factory for Content it is content Factory content you hear the clicks of Ben's keyboard editing we're in cont he's an hour behind us right now editing content
Factory uh Jack Altman says uh all the live like like a perfect healthy mon longevity stuff is directionally good but if you take it too far you miss out on a lot of personal joy and professional progress this is so true this is so true that so I went through this phase luckily in college where I
got so obsessed with my health sure that I realized like 80 to 90% of my like creative productive energy was just oriented around my health it did the exact same and yeah I was 7% body fat yep and I was an absolute dog sick uh and I put on you know a huge amount ofy muscle mass that part's good you yeah
yeah so that's that's good we need to get back there um we need to get back there size up the traps um but I do think that so I think it's actually a natural cycle that you have to go through where everybody should should put way too much energy to learn what actually learn and now I spend maybe 5%
of my energy on it but I get 80% of the benefit yep and so yeah there there's totally anybody who's living their life based on their eight sleep score and oh I didn't sleep well and and letting that dictate their day that's bad dude in in 2013 I was so into the Quantified Self stuff I basically invented my own Aid
sleep I took an accelerometer hooked it to an Arduino and strapped it to the edge of my bed and it could track the movement of the bed and then I would have that talk to the internet put it in a spreadsheet and get like a sleep score basically this was before like sleep scores and I was like and you had a and
you had a thermometer that would dump a bucket of ice on the bed you know like I mean I did I did actually have an Internet connected coffee machine that would make the coffee in the morning so I literally wake up and smell the coffee wow so you have a timer that just like okay this is the optimal time to to wake
up uh to start brewing the coffee and then you smell the coffee and then you wake up it was ridiculous uh yeah too much there definitely of diminishing returns so yeah sometimes you know you can't just be doing the no alcohol thing you got to enjoy a glass cheers I will say this 90% of the
times that I drink now are when I'm podcasting I only drink champagne I only drink champagne when I'm podcasting yeah it's great oh this is uh This is Wild um uh uh Andi says trust the process and it's a screenshot of Squirtle saying 0o to one is insane because it appears to be one of the most legitimately
dangerous texts with the potential to gigy your brain but it is exclusively read by literal turbo normies who unironically want to like build [ __ ] and basically get one shotted by it wow the Ia for the mind yeah yeah it's the IAS Meme and then uh the the the meme is 0o to one the person's reading it and
they're like oh my God competition is for losers but they're missing the real message that's going over their head which is everyone in finance is dumb as rocks I should build in fintech fascinating big post there's a lot there's a lot to that we'd almost need it three hours to fully always said this
is interesting about Founders fun because like you know big stories around uh paler SpaceX and andal like two of just like objectively like the coolest companies to point a camera at and just show what they're building it's just like cool stuff and that's where like the funds made a ton of returns but then
there's also the story about fintech PayPal stripe ramp Bitcoin like the fund has also been deeply involved in fintech which is like the least sexy industry you could possibly build in and so the fund just kind of goes back and forth and doesn't get boxed into this one thing it's not a fintech fund not a deep
Tech fund they just kind of do both every every once in a while but but yeah it's funny cuz 0o to one can be a tool where if you read it literally and then take the exact opposite approach you get something like jeans right where friend of the podcast Foo it's like don't build don't create a new restaurant in
Manhattan it's it's the most perfectly competitive market all the profits will be competed away you know even if you have something hot for a second there's a new hot thing the next month and and and you know people will flood to that and it's still worth doing things that are deeply competitive right it's still
worth you know content is deeply competitive we shouldn't have started a podcast if we were just reading 0er to1 literally right yeah um and so I think it's a extremely important text that should never you know never let any one text rule your life right um have you ever seen Peter's uh AMA on Reddit after
he posted after he published Z to one he did an AMA and somebody asked him what great leg great AMA but um somebody asked him what's the Stussy in reading of zero to one and he said don't become an entrepreneur interesting just like it's actually too hard be born into because he was looking
at he was looking at the sales copies and he sold like millions and millions of these copies it's like there cannot be millions of generational entrepreneurs just mathematically impossible yeah and so like for the average viewer for the average reader you should read that and just be like
yeah that ain't me yeah like I'm I'm not built different like that I'm not going to be able to pull it off and so I should not do a startup necessarily and a lot of the good takeaway from 0 to one is understanding how important Monopoly power is for raising money and if you love a business and you're destined to
build some business actually understand does this have Monopoly power and if it doesn't don't raise money no but but here's the thing here's the way to read zero to one 10 years ago if you're reading 0 to1 and you really internalized it all you would have gone and tried to find somebody who is
already building a monopoly and you maybe would have joined Nvidia and even if you joined as like a a loby software engineer you would have become a multi multi multi-millionaire yep and so there's that's the argument of why it's actually probably good that millions of copies were sold because even if you're
not y Jensen Hong you can still be you can still leverage that that thought that collection of thoughts into dramatic success yeah yeah massive gap between understanding that a business has Monopoly power and creating a new business that has Monopoly power huge difference like the investors can't
create the business but they can invest in them yeah and it's interesting so so with this podcast with this podcast you get meta right you and I are not going to go start the next Monopoly chip manufacturing or design company right but we do have a monopoly on John and Jordy just just hanging out exactly and
so that's why we're doing this podcast there's one of one there's only one podcast in the world that's you and me talking and it's technology Brothers exactly and we're the first podcast with an actual brand maybe allegedly some big podcasters have said that so let's go to Chad Hurley founder of a massively
monopolistic organization YouTube you have benefited a lot from I have uh he says pickle ball is a propaganda program to fulfill meaningless lives so aggressive you can pickle ball is the new the new like work life balance bait you can just say the most aggressive thing about pickle ball boom 1K likes no
problem you should just post it right now if you're listening post something you know incendiary about pickle ball guaranteed Banger everyone hates pickle ball right now pickle ball really had like a rise and fall went through the whole hero's journey maybe it's coming back I'll post something right now if
you playle pickle ball unfollow me unfollow me it's great okay yeah if you're listening go go repost Jord jordy's latest post um let's go to Nikita beer he says uh the greatest contributor to global economic output is that hangovers get worse as you age disincentivizing you from having fun when your value to
the economy is highest I like that that's a good that's a good take that's a good like Insight it's you know it's probably true yeah I always think about this like I went to college in Boston and one of the benefits of Boston is a college town obviously there's the network effects of
like you have Harvard MIT all these great colleges around there so like you're just bumping into other smart people all the time but it's also really [ __ ] cold so when it's cold during the winter it's final season and you don't want to go outside so you just go to the library you just hang out whereas
you know maybe if you're at a nice school like you Sunny you just party all the time um and and The Hangover thing is kind of like a a riff on that but uh what's what's your take um I don't really get how I I find that uh if you drink really nice D perryon you don't really get that hung over so maybe it's
a skill issue here maybe it's a skill issue let's go to Gary tan Gary says the problem with systematizing a career or the search for excellence is that the masterpieces have never been done before so there is no map to get there and he uh posts a very long screenshot of a book saying why is it so hard to achieve
ambitious objectives to get a handle on the problem think about all the things that are possible as an example consider all possible images everything you've ever seen falls into this class it's hard to find a monolisa or Star KN this is interesting I and I like this post because it's true but it also kind of
flies in the face of like YC's like request for startups like it feels like YC in some ways is a path and that when they do a request for startups they're creating more of a path and then demo day is a path and so I think Gary tan like implicitly feels that and needs to to push back on that and I've always
said that that you know the request for startups is is important because it's important that we get a bunch of young Founders working in those Industries but that the next great power law company that comes out of YC might not actually be responding to one of those requests for startups it might just be a weird
thing like sleep on an air mattress right that was not going to be on any request for startups ever and yet it broke out yeah so but so so this was pulled from a book that uh actually recomend I recommended that we do a deep dive on uh it says why greatness cannot be planned and the whole just because so
so so the Counterpoint to what you just said is if greatness cannot be planned YC should put out like a big list of things like here's problems that we think are interesting come work on these and the book basically says that people will come and work on those problems and then they'll realize like oh this this
thing is actually this other thing is more interesting to me I'm going to go work on that and then some some just monstrous company will come out of that or some fantastic company and so I the big thesis of the book is is so many of the greatest achievements and uh things companies products whatever have been
created uh were not perfectly planned like Steve Jobs didn't plan to build the iPhone right that's a great example um yet it was transformative and one of the greatest probably the greatest consumer product of all time and I would I would to bring it back to the show and add some relevancy like we sort of wanted to
do a podcast together for a long time but everything you know some some element of Randomness in terms of how it came together and the format and these different and the timing and all that stuff um if we had when we first met had just been fixated on oh we need to make a podcast together maybe it wouldn't
have turned into anything that meaningful yep yeah I mean you go back Airbnb was a different company I'm pretty sure uh I mean Zuck was building dating site YouTube was a dating site everything was a dating site so if you want to build something great make it uh but yeah and then and then don't
be afraid to Pivot and YC's always been extremely friendly to pivots mid session like you can just walk into an office hours and be like we're doing something completely different and there's no like hate it's amazing it's like such a welcoming environment yeah I have one I have one I have a YC company that I
backed that the founders have pivoted so many times that the and there's only a handful investors it's me one other person and YC yeah and and they so they don't even B CC the investor list it's just like everybody's like CC and the last time the last time one uh the other investor besides me and YC replied back
and they said please do not pivot again just simply this is a really big company and like potentially a really big company in a Big Industry just make it big yeah and so that was the advice that like this company probably needed great yeah companies are really hard when things get hard don't just pivot you
pivot because you've real realiz that some element of your thesis was critically wrong and you need to do something else but sometimes you just need to not pivot and just force you know force it basically yeah this is great from signal he says uh if I were CEO today I would have a weekly email
sent out to every single person in the company asking them what did you get done this week the AI then generates the respon then Aggregates the responses presents it in a readable format to me uh every Monday morning it should automatically do a diff from week to week and tell me anything is changing
accelerating not going well this is the what did you get done agent cutting out trash middle management I would also hire people coaches instead of managers I like this uh fun little uh you know project you could build with AI and like a weekend and and deploy I wonder if people would hate it or learn to game it
but uh generally seems good I mean status reports are terrible meetings are awful but um there's something valuable about reflecting on your work product yeah especially you can't quantify it if I was uh listening to the show right now I would go by what did you get done this week.com Y and uh
and then uh you know build an app that that a slack box slack integration or email integration what do you get done this week people respond and then attracts it week over week there's a lot of a lot of products like that that people hate but maybe if you simplified it dramatically made it literally one
text box that you have to fill out uh could you could you could uh you know definitely build a business off of that could be good let's go to Ashwin Sharma he says this obsession with self-improvement is driving me nuts because the greatest thinkers have already shown us that true success lies
in being who you are already uh GK chesteron wrote a tree doesn't try to become a better tree it just grows according to its nature because there's no pretense no concept yeah and this is to to make it meta again you like wearing tuxedos drinking champagne and talking so don't try to fight against
that just do that as a career yeah exactly it's that simple it's that simple folks oh I love this growing Daniel says I'm selling iasa insurance to early stage VCS this is great this is a banger this is so real yeah it's one of the biggest threats in Silicon Valley right now and uh you know we have this conspiracy
theory that there's a there's a VC out there that is trying actively trying to get uh Founders to do iasa to to yeah to destroy them and so stay safe out there folks if you're listening be very care the the thesis is really that she's a foreign agent and she is trying to sabotage are young entrepreneurs from
building you know incredible companies like SpaceX and and things of that nature and she's trying to get all the talented young entrepreneur she can find to to um there are cheaper ways to do or there are more expensive ways to do it that's one of the cheaper ways I could think of op go to Peru go to Peru open
your mind yeah open your mind so if you get caught in that situation remember iasa vaccine doesn't exist yet but coming soon if you don't if you can't take that just micro do micro do micro fake it out oh yeah I took the iasa throw half out spit it out put stuff in your cheek yeah it's so crazy I see the
demon the Demon's amazing yeah but I still want to build I still want to create shareholder value interesting I guess I'm really aligned that's your demons uh well it's it's funny because he's obviously ship hosting but there you there are certain situations where Executives have to get life insurance
because they're so critical to the business that that if they were to pass away like a lot of things would get [ __ ] up and so I think uh yeah iasa insurance for seed funds Jackson doll friend of the podcast he's been on before he says USBC is one of the best technology outcomes very grateful for it
and the people and events and regulations that got us here I love it I agree but did you know that there are like 25 different types of USBC it's so frustrating really yeah so there there so that cable that that's a USBC cable right there it's great it's Universal it plugs in anywhere but they have
different data and different rates of charging and so if you want to transfer a file across USBC you need a there's USBC 3.1 3.2 there's Thunderbolt 4 which has the same port but is much faster and so you really if you're buying USBC cables you have to buy the absolute top tier so that so that you never get stuck
with oh I got a slow cable or it's not charging my laptop fast enough well yeah and since Apple bricked all of our phones they 18.1 and destroyed the battery life will have to upgrade but if you're not in a position to upgrade go get your Thunderbolt for so gift guide get people don't just put your whole
family and your whole friends all on USBC devices and cables get them the fastest Thunderbolt 4 cables uh I own cord bag.com I really want to make like the the the the tech Bros cord bag because every bro just needs like a a cord bag that comes stocked with everything when you're traveling and so
you just need like you know all of the fastest cables guaranteed to work anywhere whether you're on a plan basically has that at the front desk right they'll send up a cord bag for you exactly so you're basically democratizing the cord bag exactly the cord bag it's a big thing uh why is uh Anu says why is no one talking about the
Dig reboot uh and Anu uh ATS us and says Tech bro pod uh history returns and I love that thank you for sending this in we apprciate you for tagging us um yeah this is fascinating do you know the story of dig uh it was uh Reddit like Kevin right yeah Kevin Rose Kevin Rose yeah Kevin Rose is at the New York Times
Kevin Rose is the founder of dig made money in Silicon Valley very early went to Google Ventures came a venture capitalist has been very successful he's bu with Tim Ferris um I bought ads with dig probably really like seven eight years ago and it it was crazy cheap and I think it was cuz a lot of the traffic
was bought tra but yeah it was like you know for 10 grand we'll get you in front of million you people type thing interesting well I'm excited to see what happen the reason we're not talking the reason we're not talking about it is like when Enron comes back everybody's like wow
enron's back and they're rebooting the brand when dig says they're coming back online people are like I don't really miss dig it wasn't that it sort of died sort of whimper not a not a explosion needs to be found or L if it's if it's Kevin Rose I would listen to him talk to Tim Ferris about this I would see a
viral clip I would see him posting about hey I bought I bought dig back and I'm turning it around that's cool or if it's like a vivec ramaswami buying BuzzFeed like that's its own interesting storyline I need to know who's buying this and I want to hear their story here's a conspiracy theory Kevin
tin foil hat tin foil hats on Kevin Rose big watch Enthusiast oh really didn't know that he started uh he was also co-founder of hinki I believe really yeah no way yeah so he started hinki uh big watch media company Marketplace okay and so there's a possib since we don't know what dig is yet there's a
possibility that Kevin saw us talking about watches in the tech world and he says maybe there's a way I can run back dig leaning into the themes of Technology Brothers you know creating a forum for uh so yeah you should you yeah I'm I'm going to text after the show and get the real story until we know we will
definitely break the news even if it's two days late on what dig actually is funny the funniest thing is that there's a video here and this might explain it but I didn't watch it and so like we might have all our answers right here like what if this video opens it's just like Kevin doing
watches what if it's like a very right leaning Reddit that could actually that could probably RP right now it's just another true social God damn it okay R says uh Chalet is doing some alltime coping right now this is in reference to franois cholle who is at Google and has since left and has been uh a little bit
more nuanced in his AGI takes he runs the arc prize which is a uh an eval for AI models uh where you have to do these little puzzles they're very easy for kids or humans but llms really struggle with them because they're novel and they can't be memorized and uh over the course of 2024 I believe the ark prize
um like completion rate went from I believe 33% to about 50 something percent and a human can do like 100% of these yeah and so it's always been an interesting Benchmark he says that if an AI model can defeat Arc prize they will get I think a million dollars for whoever builds the model who does it so
funny how little money that is in the context of AI right now should be way more you win you built the world's best model you win a million dollars and they're like sir we lit we literally ra that's like what our pm make every month yeah um but uh you know there's a lot of independent hackers out there on
kaggle doing on Kel doing like you know tests and stuff um but every time a New Foundation model comes out people throw throw it at ARC because it's literally just like wired up right uh and there's an online version and there's an offline version where you have to upload your
model and then there's another version where you get access to the internet essentially um but you can kind of cheat that so there's a question about can you do it and what how big is the box that you're running all these different things but um basically uh I I I I tried to dig into like what run was getting at
specifically because uh I believe this was in response to well hasn't he just bailed out to threads uh I no I don't know I think he's still on X for France W CH I thought he I thought he kind of no no I I see him on X all the time I think the thing is that he he bailed on Google and he went and started a new
company and so he started a new company but this week open AI launched Chach PT 41 Pro and it's like the best model at reasoning and it should be and I mean like let's just be clear like it's incredibly impactful like it's a great product people are going to use it a ton um but I think France waset is like well
it doesn't do my little trick it doesn't it can't do this one thing and and I had this joke it was like it was like what if what if the AGI future is uh is like uh AGI can like completely dominate humans but it keeps us in cages because in case it ever runs into an arc prize because it's this little puzzle that
only humans can do but AI can do everything else it can like build weapons and completely subjugate us and like you know throw us in prison but it keeps us in cages because what if it runs into this weird puzzle where you have to match the colors up uh but um yeah sorry I was confusing him with the
the guy oh yeah you think Gary Marcus no no the guy who's the guy at Facebook yeah Gary Marcus wait no no oh you're thinking of uh yeah yeah yan laon yan Lon is the guy who bailed and then comes back the Giga coper yeah yeah yeah so I don't know I'm I'm a fan of Chalet I I I like him a lot and I like the I like
that he teamed up with uh zapier the zapier guys Wade Foster to do that prize it's a very interesting model it's a very interesting problem and you can go check it out arise.com I believe that's the URL just Google it and uh you can uh do them for yourself just make sure you don't do them on mobile because the
first time I did it on mobile it wasn't rendering properly so it was like the it's like this grid you have to match these two grids and the grid wasn't rendering right so it was like off and I was like this is the hardest puzzle I've ever seen and then I did it in like a browser and I was like okay this makes
way more sense because it's like a 4x4 grid and a 4X4 grid anyway moving on hey let's do a promoted post I got to stop you there we got a promoted post from tag uh Hoyer Formula 1 they have a Formula 1 Chronograph meets Oracle Red Bull Racing is a long for the ride with Red Bull Racing for the last race of
2024 World Tempest takes a closer look at the showstopping new chronograph that is daring and dynamic in their latest review you can go to tag. hrf-1 Chrono world and uh check out this incredible time piece we spent a lot of time on the show talking about the Holy Trinity AP pek uh Vashon and some of
these other uh watch makers but um tag a to the if you are wearing an Apple Watch and you want to stack on you know one or two other watches maybe an Apple Watch a whooop band and then you want to add something else tag could be a great option there this is a beautiful looking piece
and um we thank them for supporting Formula 1 without sponsors we would not get to witness fantastic racing uh most weekends of the Year fantastic oh this is a great post from Ben kler our vice president here at technology Brothers uh he says took home silver in the Jiu-Jitsu World League
finals SoCal GI competition in San Diego this weekend I was disappointed not to get the gold but it was a great experience and I will be back next year for the there we go so you got to watch this video it's insane Ben Ben literally puts a man to sleep so it's kind of crazy to watch uh and he's not normally a guy
that that ends up in second place but every once it's it's really about his narrative Arc he had to get second place once to in order to bounce back get revenge and uh yeah the guy's an absolute dog uh we wouldn't be able to do this show without him and uh congratulations on the silver and uh you
know maybe we do a technology Brothers Meetup when he goes back to reclaim gold let's make it happen let's go to Michael Dell Michael Dell says Dell's revenues during our first 16 years 6 million 33 million 67 million 159 million I got to hit got you got to hit the gong every time one uh 159 million 258 million 338 million five so
loud 2 billion 2.9 billion 3. 5 billion 5.3 billion 7.8 billion 12.3 billion 18.2 billion by the end he's just bragging but uh such what an absolute dog what an absolute dog and so if you're a preed company right now just understand that this is the bar imagine first year 6 million second
year 33 third year 67 fourth year 159 that's such a good four-year run yeah a lot of a lot of Founders will put in their projections you know we we hope to get to a 9 fig run rate by year eight and he's like no I'm going to I'm going to get to a few billion oh so you're the first employee and you just vested your
four-year vest like what's the company doing well we went from zero to $150 million in Revenue an absolute dog and I and I I think so his son has like a a pretty cool uh uh hard like hardware company in the uh that I think Thrive backed um uh that's based in in Texas right now yeah um that's building power Banks and
integrating into the grid that's right yeah um that's that's another one to watch 16 years to 25 billion insane big shoes to fill let's go to Bay Lord Baye says there is no anti-emetics division yeah well explain Google's product and marketing teams have you read this book which
which book there's a book called uh there is no anti- mimetics division no what there's an entire book on it I don't know if it's a if it's been I think it's been printed into a book but it's like one of these like Arcane PDFs and like you know uh like websites out there um very interesting sure will has
a copy I'm sure I'm sure uh yeah they that's that's a hilarious blast because yeah Google Google's basically never had to be they've never had to be good at marketing because they have the greatest distribution channel of all time yep and you see it with AI I'm I'm still using their llm pretty frequently because I'll
gole like I just had to Google Eric Prince I had to remember his name so I just searched Blackwater CEO and I and I don't do that on chat GPT because chat GPT you got to open it up you got to click the button you gotta wait it takes a second but you put that in Google and no more ads anymore it's not going to
say oh you scroll down click on some clickbait article to find the answer the the the Gemini is just going to give you the answer right there and it's like it's not it's it's not great but it's not terrible and so I'm still using it yeah um let's go to um oh this is good okay yeah so we got a
whole thread here this is a new segment of the show we're doing threads now so we are going to start with the base we have five quote Tweets in a row all from some of my favorite people honestly I love every single one of these posters so this is going to be a beast we're going to be on this for a couple minutes
so it starts with Lucy guo the founder of passes the founder of scale the co-founder of scale AI Lucy says it's mind-blowing to me how small the scene is it's the same faces globally from art basil to F1 to Paris Fashion Week to IA to Amar to yacht week to gramys to the list can go on she got 1.6k likes wow
Banger like everyone is always at the same place the same time year round yeah this is true this is like the billionaire circuit you're familiar with this like the they they actually like pay people to move the Yachts for them and they just fly in their Yachts there and so there's a whole like okay you go on the
circuit you go to the different events and stuff um but that's why it's so important to throw some wild cards in there where's where's the you know the Met where's the LA Phil where's the Opera where's the ballet you know you got to throw in some old money events this is a lot of new money stuff yeah
but those are you know you just you just work them into the circuit right I suppose I suppose and uh yeah I mean I I think I think Lucy's post was written in a somewhat uh negative way because she's a builder and she's an entrepreneur and she probably goes there and she's like you guys have no purpose and like I'd
rather be building my startup also a great rage biter I me RA bait great ra so good Lucy we love what you do um and uh but but yeah if you want to be in that scene it's great like it's actually like I I like this with the tech kind of conference circuit you get to go to the you know we went to I went to senra
event was with a group of people that were at hereticon right I could have gone to the Main Street conference I like it I like you know it's the people and reinvest in those relationships and maybe mix in some new ones go Stone you go to Sun Valley you go to upfront all the same things so
let's move on to our first quote tweet Antonio Garcia Martinez says some aspire to wealth as the ticket to this world some aspire to wealth to never have their Fates decided by people from this world ever again interesting bold bold and big yeah and real yeah I get that yeah there's this there's this sense
that like the people who maybe spend all their time at Art basil and F1 and Paris Fashion Week like they might not have enough skin in the game they might not be in the arena the arena enough to make good decisions about your life so you have to build wealth so that you can
avoid them choosing how you live your life with their products or their government decisions interesting so you can have a thousand Bitcoin and go to Peru and get one shotted by the the demon don't do that okay so not do that our third quote tweet uh Zar Thruster says a surprisingly a surprising lesson of the
last decade was how little [ __ ] you money seems to exist it was it was breathtaking to watch billionaires especially in Silicon Valley genuflect in slavish subservience to the woke Crusaders and enthusiastically provide veror vigorous fio for a decade things you never would think you'd St on the air vigorous felatio
here we go um another Banger these are all bangers a th likes thousand likes another thousand likes everyone's just in this chain Lucy is the backbone of the poster economy really really she started a whole conversation here so yeah interesting that that there's all these rich people and a lot of them
didn't say anything even though they might have been you know a little bit bothered they weren't in the second category that AR Antonio is identifying they were in the first category they wanted to just enjoy the world they made their money and they were just going to go off to Art basil and F1 um and and
enjoy the fruits of their labors but not really think too deeply about the shape of the world and and and the constructs um and so you know that seems shocking to Zara thra but then we have a fourth quot tweet from none other than Mark andreon he says [ __ ] you money is mainly a myth first if you're in business you
pick up more responsibilities along with more money you're responsible for more people your actions have more consequences for others second political power is much much greater than financial power every day of the week very interesting and you can see that like you know uh Mark has obviously been
been been going through a little bit of a political Evolution but the decision to actually come out and support Trump was a big one because it's not just you know the the what do they Andrew has 10,000 employees 100,000 it's bigger than docu sign right but uh you know it's a very large organization and and
he has um a lot of people that could look at that and say you know maybe I don't want to work here anymore and he still needs to hire the best people across the board and then um and then also all of the portfolio companies and everyone that works for the portfolio companies like this has been a big thing
with Peter is like you know for a lot of time a lot of times it would be like some random company would raise money it would be like Peter Teal's Founders fund invested or Peter's teal Venture Capital fun invested and so all of a sudden your SEO as a new startup is just immediately
like hello I'm associated with this person who is like overtly political and so that has consequences that has weight but we have to end with a fifth quot tweet from Sager and Jetty who says an absolute dog and he's posting he's he's chiming in said I've been saying this for a long time he posts a screenshot of
one of his older tweets says the inverse the inverse Fu money scale the higher you climb on the billionaire ladder the more institutional entanglements you have people can be worth billions but muzzled because they run money or sit on boards have to worry about shareholders Etc it's really true there aren't that
many people with no bosses this is why Founders fund doesn't take board seats yeah generally doesn't yeah yeah everyone everyone has institutional entanglements even at the top everybody's got a boss exactly because everyone wants to keep playing the game no one no one there's no number no one
has a number no one's like oh yeah once I get to this number I will just retire and not care about anything and that's why there's no [ __ ] you money because the number is not the goal the goal is the game you want to keep playing the game keep growing it and the growth is the number the the me money is not
happiness it's the second derivative of money that is happiness yeah it's not the the absolute amount of money you have it's the rate of acceleration yep no one likes getting a 10% raise every year people want to see that they're making 10% then 20% Then 30% then 40% that they're scaling accelerate accelerate so that's our first thread on
the show let us know what you think let us know if it was too LinkedIn coded uh promot a post promote a post uh I I love the opportunity to jump in here John we have uh from our friends at duPont Registry a 2015 Ferrari law Ferrari finished in Roso Corsa showing just 152 miles limited wow yeah I don't
know what the owner was they certainly wasn't certainly weren't driving it limited to just 499 examples produced worldwide this extremely rare low mile car has never been publicly offered for sale making it an extraordinary opportunity for collectors and enthusiasts alike currently undergoing
clashes and certification this vehicle's authenticity and originality will be further solidified so Ferrari has a their clashes uh program that uh basically uh an does a deep analysis on the you have to send it to Ferrari they'll do a deep analysis on the car figure out um you know they're doing things like making sure the motor has
all the original parts and you know making sure the paint hasn't been changed and all these different things um and it's just a certification that um typically will increase the value of the vehicle unless they you know they're not going to give a certification to something that's been um you know mod
you know heavily modified or whatever um and so anyways fantastic example and uh if you buy this if you're in our audience and you buy this Drive the hell out of it I'd like to see you put 10,000 miles a year on it you know really get your get your money's worth from this car money's worth and then uh you can
park it in a museum someday you know it's fantastic do the gumball you do the gumball yeah take it across country I really think I really think law Ferraris are like one of the best hard assets that you can buy right now because it's the it is that in the dayton3 are just so clearly the going to be the iconic
cars of this you know era and um I can't wait to own one myself Holy Trinity car right I believe P1 La Ferrari 918 yeah fantastic beautiful not making any more of them certainly AR are not uh let's finish with smoke away says 01 is year old Tech let that sink in interesting take I mean the foundation
model yeah it's still running GPT 4 but obviously there's a lot of uh there's a lot of training to that happens on top and a lot of stuff I don't fully buy that but uh it's interesting what's interesting is that like he's posting this in uh in response to the announce of like 01 Pro and like the new models
that can reason and whatnot but we remember how crazy it was when those were like an leaked and announced it was originally uh it had some crazy code name that the information leaked and everyone was like oh this is going to be insane like this is AI because it it was basically like self-play training
so they would do uh uh kind of like what they did with alphao um and and and train the model they like have it have it debate itself have it reason with itself test itself and that's kind of what's happening when you interact with these reasoning models now where they think for a long time it's because
they're they're prompting multiple multiple times um so I don't know exactly how much I buy it but it is interesting that like yes we're not at GPT 5 no one's scaled at the cluster yet what happens when we get to an order magnitude bigger so why hasn't anybody built software now that allows you to
get to make models go PVP like I want to put Claude and open AI models in a in a in a ring and just make them fight to the death right over and over and over like I feel like you could it's one thing to go put them up against some of these you know uh just like General testing mechanisms but I want I care
about PVP right I kind of mlu in some of the testing grounds like some of the evals are I know but they're going against the eval they're going against the eval I want them to go head to head I want them to like only one of you can leave the room after this you have to commit to puku if you yeah if you uh but yeah I
mean it's interesting how little has leaked about the next training run like we don't even know at this point like how this how the buildout is because I think we're in like the custom data center era where like it has to be bespoke it has to be hundreds of thousands of gpus there's been some news
from X about they're you know building yeah yeah they're building the biggest data center for this and they're going to do the largest training run but that's still in the works and we don't really have like a concrete timeline of like okay when is a GPT 5 level model dropping that's truly an order magnitude
more energy went into it because everyone's saying you know scaling is everything scale scale scale scale is all you need energy isra and so we could be in for something really really crazy but no one knows if the IQ jump is going to be 50 points or Five Points yeah like everyone knows it's going to be better
and everyone knows scale is important really but no one can I haven't seen any really strong predictions for what an order magnitude of energy gets you in terms of IQ right now like it's a lot of speculation so we'll be covering it here folks on technology Brothers thanks for watching subscribe