welcome to technology Brothers the most profitable podcast in the world uh it is what November 7th today corre and every technology podcast is clearly going to be obsessed with one topic and one topic only you're going to hear about it on Allin you're going to hear about it on 20 VC you're going to hear about it on
newcomers writing about it the information stuff with it uh it's undeniable you can't get away from it uh open AI bot chat.com very very strong brandable four-letter domain.com hug absolutely massive in the eight fig range there million yeah a lot of speculation I don't think the actual number was released it was Cash dares
released it oh really I think so I thought it was some mix of cash and stock oh maybe and he was positioning it as like look I'm a Savvy investor I don't I never lose money but I don't like to make money on my friends now I'm he said now I'm an investor in open AI I think he may have vested the domain yeah
so so I mean the context here is dares I think it's dares Shaw he's the founder of HubSpot correct and he a couple months ago uh Acquired chat.com and I think he said he paid 10 million for it Y and he was like I'm going to do something with it but I'm not sure yet but I know this chat bot chat interface
is going to be big for AI and so there's going to be an opportunity here and that opportunity came along in the form of a call from Sam mman and so Sam just tweets chat.com and that's it I think I think open AI stole it honestly oh you think it's a steal that could be $100 million there's um there's another uh
big language model company that doesn't have their do really all the variations of it are owned by domain investors and they're all asking for like tens of millions tens of millions mid eight figures uh and they're kind of at a standstill because wow just like they don't really want to take you know 4450 million of equity and
put it into but um I want to debate I want to debate this a little bit because on on the one hand like chat.com it's an iconic domain single word four letters it's like one of the best assets you could own on the internet on the flip side Google has trillions of dollars they've never bought search.com they didn't need to
Google became that and so the thing with chat gbt is that it was always like a bad brand name in the sense that people would mess it up they say chat gbd chat GDP like they couldn't remember it but once it got stuck in the mind it was iconic like Airbnb like yeah and they're still all they're doing is redirecting
it to chat gp.com I think the domain was they kind of stole it in the sense that if a Savvy domain investor would have extracted a lot more value out of it they' have been like give me $30 million and 20 m ion of of of of stock right uh and then but yeah I think from a branding standpoint
when you scroll on Tik Tok it's people talking about chat GPT chat GPT chat GPT and that is AI to the normies yeah but I wonder if they'll be able to actually build a brand or if they'll even try to build a brand around chat.com yeah it's also a very unclear it's very it's very Doom era throwback like pets.com and for
a while like it it became difficult to actually get uh intellectual property protection around these sing words like the the way to get real protection usually is to make the do your name yeah.com was probably they own pets they own pets.com exactly and so yeah I mean the escalator was originally made by the
escalator company did you know this no so uh escalators we just think of like you know any escalator you see in like a mall but that was originally the the brand name for the machine company that produced the first escalator and they became so popular that the name became like normalized and they lost intellectual property protection and
then Kleenex went through a similar thing where like just facial tissues I think is like the technical term uh like Kleenex became so popular that everyone would just say like oh yeah just grab a Kleenex doesn't matter what brand it's just Kleenex um but Kleenex actually fought back and one and so now you can't
use that term but if but if we were to start a new escalator company and it was like oh which we might which we might cuz yeah we might want to roll up a couple of the small operators uh and uh it's probably one of those things like there's only three or four manufacturers of escalators in all the US now and so
if we buy all of them we can jack up prices like massively I looked into stoplight manufacturing for a while and there's only a few manufacturers and the same same Dynamic and there's no technology in the uh stop lights I wanted to do something where uh the stoplight would have a camera on it and if there was no one with waiting for the
red light it would just switch the signal right and so it's like is that not how it works right now it's just a timer you can pull up and just be sitting there and there can be no cross traffic and you can just have to wait so there's just all this like dead weight loss in the system when you're just
driving around which hurts the economy it does yeah opportunity cost you could be working you get to work faster um so it'd be a very simple like product but the distribution is really hard because you have to sell to each individual City it becomes like a flock safety type thing it's really really tricky but yeah
uh so so you're bullish on uh on this at 15 mil right I I uh I think it's a good Buy in the context of who the owner was who the company is uh the quality of the domain y I just don't see them using this domain in 10 years yeah so so so in 10 years you think people will be saying like oh yeah I'm using chat GPT the
model has completely changed it's now GPT 601 F2 I don't care about that I just know I use chat GPT and I go to chat.com to I would just be pretty sad if AGI was at chat.com right I don't know maybe maybe there's something retro about that it's it's kind of a cool throwback to be like yeah we're going
back to the dotcom era like do you know the story of mp3.com no mp3.com was like a doom boom company that was uh I thought I like domains I know mp3.com was a bunch of guys in the in the dotom boom basically the business plan was Spotify like on the internet but they hadn't really built out any infrastructure they ipoed
the company and were worth like 4 billion on like you know 300K of Revenue or something like that like the revenue multiples during the do boom make the Zer era look one of the greatest bubbles of all time it's incredible it was incredible um I did I I did some digging on mp3.com it's F everybody's always
trying to poke Fon at Bubbles and I think they should be celebrated right cuz they're drawing that yep capex forward and um accelerating yeah and clearly like with all these things it's it's always just a matter of timing like Spotify was the right solution at the right time Napster was too early mp3.com was too early K had his spin on file
sharing oh yeah he did right what was that called like red arrow or something yeah something like that Ovitz was involved oh really they had a whole War oh no way they had this crazy uh Ovitz took old Hollywood style neg Nea into Silicon Valley which was a big where basically long story short he had
committed to committed to funding the business they signed docs and then he withheld wiring until the company was out of cash and then tried to renegotiate wow and Travis did not like that and they got in this huge hardore huge War um now now Ovitz is is an awesome super helpful angel investor and um I've been to his house
well that ends well he learned that you know value he's like oh I have to play nice and not abuse uh people generational Talent yeah exactly okay well let's move on to the the top story we're talking about JD Vance's portfolio and career as a venture capitalist um why did you think it was important to educate the world
about JD Vance's private sector career look I think again same thing with Trump this week people really focused on his political career less focused on his career as a technology entrepreneur and his success you know building social apps you know with JD it's one of those things uh we didn't
follow the campaign much at all we were focused on the podcast and and driving returns across the portfolio but we did notice at one point that Tim Walls uh was talking to somebody at a rally and said he didn't even know what a VC was yep and it made me think that that you know VCS have this Aura this Mystique
they're so cool they're powerful right um and that that makes it so that a lot of people that maybe aren't in our industry are tend to be a little bit afraid of them right if a VC walks in the room you might they might Flinch um and uh so I think it it's worth kind of breaking down that that private sector career and and just helping people
understand venture capital and why JD would give um uh you know millions of dollars to a company with no revenue and just a cool idea right um the other thing is giving people an understanding of how Venture Capital works right A lot of people think JD capital is a venture capitalist he's putting JD capital J JD
V JD Capital uh JD Capital yeah what was that's what naria should be called J J Capital JD cap when when he gets out of the government he goes back into the private he'll be back he'll be back JD yeah but I think people have this thinking that Venture capitalists always deploy their own money um but often
times it's only partly their money so so his fund is Nar he since stepped back but uh Peter Teal's a Cornerstone LP and then uh do you know Fallon donaho I think that's how you pronounce her name uh she's really cool she runs the firm now uh with I think one other person but they but they've done a bunch of deals
uh we should go through some of them uh acre Trader facilitates Farmland Investments allowing individuals to invest in agricultural real estate amplify bio provides Advanced pre-clinical Services to accelerate the development of medical therapies Atomic Industries who we actually know develops Innovative manufacturing te Technologies
to enhance production efficiency and quality their whole thing is like reshoring domestic manufacturing um I think they're out in Detroit with a bunch of like huge machines eron's always texting me photos of these like Giant million dollar machines that he buys from like you know some Korean
conglomerate or something it's really really really sick yeah I think Aaron and JD were really early to trends that are now considered American dynamism I was thinking about that like in many ways his portfolio people often say like American dynamism is just shorthand for defense Tech but that's not it it's it's
this whole it's this whole like American Heartland revitalization thing and it was really about manufacturing and only more recently has it been about defense yeah yeah exactly and like Founders fund has a bunch of vets there and has been like bouncing around that generally and then Andre obviously like came up with
the coinage for the word but Nar is really the fun the brand yeah of course but naria is like really the fun that like designed the entire strategy around that from day one which is which is fascinating um yeah and I think if you go back to jitty's book uh a lot of his investment strategy was oriented around revitalizing
economies in America that were historically dependent on manufacturing but that manufacturing got taken overseas right yeah yeah it's cool it's a cool portfolio uh chapter assists in individuals in navigating Medicare options hallow is a Catholic prayer and meditation app you can just see all surprisingly large business oh yeah yeah
this is all uh it's all very like in theme with like his his uh political platform uh another Therapeutics company Kira your Therapeutics focuses on developing Gene therapies for various diseases Rumble the video sharing platform that competes with truth social and actually got started Free Speech
yeah social like like I think the naria uh Rumble deal happened like three months before truth social Y and you could imagine how that would have played out differently if uh yeah one thing that stands out to me is that it's not a re really big volume of bets right no no no I mean the entire portfolio on their
website is 10 11 companies true anomal true anomaly is a phom yeah I wonder I wonder where they got in got in on on true anomaly cuz that's a multi-billion doll business last I checked and um my buddy will is uh one of their biggest investors now but he's personally put in nine figures and then it says they're in strive manages
investment funds I think that's Vic ramas Swami's company right I don't know unless there's a different strive I know that Vic runs a firm called strive and would make sense that they're like they're aligned and then value base off offers valuation services and Financial Insights to support business growth and
investment um and so yeah they kind of have like a few different uh like areas of focus a lot of Bio a lot of manufacturing and a lot of kind of like just like you know like the Catholic prayer app it's more like traditional American values it's interesting because no one they're the only VC firm that's
really like scented on a thesis like this seriously and like years ago because it takes time to actually deploy you can set up a you can set up like an American dynamism ripoff fund but you wouldn't have a portfolio of companies like this yeah it's it's interesting that you know Venture capitalists talk about and Founders talk
about I'm building and investing in the future that I want right and a lot of people are in VC or strictly chasing returns right if you're strictly chasing Returns the actual best place you could probably focus is crypto like the median crypto fund has like much better returns than the median Venture a lot of times
it was just B2B sass you know it was like there was this massive software boom and the number of unicorns and decacorns that came out of B2B SAS is just like un it's undeniable there's just so many opportunities a hitter as opposed to you look at Aerospace there's like one company you look at defense there's like one company right now like
yeah and and I think that uh we don't discuss Politics on this podcast but a lot of people could do a political analysis of this portfolio and try to poke holes in it and say that what he's doing is a bad thing but I think if you go line by line on this every pretty much every single product has potential
to benefit every American right like even if you're not Catholic if a hollow app has a million people that are using the product to help become you know better people and and practice their faith like that actually can have a positive ripple effect right true anomaly is something that's helping uh America um they build Hunter Seeker
satellites which is cool so they send up satellites and then use those satellites to take out other satellites because you can imagine in a major GL global conflict one of the top priorities for all nation states would be taking out enemy satellites and controlling space right um so all these things are you
could you could make them political but I would argue that uh many of those bets are generally like they they're all like America First in their own way the other thing that I like about this is that there's like a pretty significant representation of like advanced biology and there's this there's a big meme we
saw it with that Eric newcomer post that it's like yeah like Trump might be you know Pro deregulation but the right-wing is like super skeptical of science generally and that's true about some things obviously RFK is out there talking about you know Tallow fries and like seed oils and stuff but I I I think
that there's a that there's like a silver lining there where where you see that um like there is some significant bioinnovation that is that's being embraced by the conservatives and it's not just a a party of uh like neolites when it comes to biology even though the biology not just build build build Frack
Frack Frack exactly exactly like there is some element of like okay yeah the like bio when done right is like amazing it's just that it can't be done like carelessly or or only for profit or only only for PHA yeah exactly yeah yeah exactly yeah so cheers to JD the the one thing that I think a lot of people are
maybe a little shook by is just the the uh the hierarchy in the white house right now feels a little bit out of balance because normally you'd see uh you know the real estate guy being a little bit less prestigious than the VC the VC should be on on top there um so it's a little bit of a narra narrative
violation that the the real estate the social media guy really it's like you could think of trump as like the investor with a podcast you know who was on The Apprentice hasn't yet done as much casting so he's still in the second Rong but hopefully that flips I would argue that the highest status occupation in the world is being
the founder of a multi-billion dollar social media product right because if you think about Z Zuck uh sple right these are people Jack dorsy right they're they end up gaining the most amount of cloud and influence and power because they control uh what is effectively the the printing press right yep ex valuable so anyways um yeah if
you want to put say that Trump's just a real estate guy like some some people like to say it's like no he's a technology founder first at least when you look at his you know personal balance sheet yeah also reality TV star you know valuable um well let's go into brother of the week um but first I need
to tell you about feed ship established as the Pinnacle of yacht craftsmanship feed ship has been creating worldclass custom super Yachts for the global Elite since 1949 with a legacy of unmatched engineering Innovation and bespoke luxury feed ship is more than just a yacht Builder they're Artisans of the
Seas whether you're envisioning a floating Oasis for relaxation or a state-of-the-art vessel for adventure feed ship turns your dreams into a reality through their meticulous attention to detail and unparalleled service because as they say there are yachts and there are feed ships if you're ready to embark on the Journey of
owning the world's finest custom yacht visit feed ship. NL that's feed ship. NL they're in the Netherlands uh to start your bespoke creation today and tell them John and Jordy sent you so on to brother of the week Mark cubin before we dive in uh we did get some push back from a few of our listeners uh we we recently uh promoted netjets and um we
just realized that that didn't many of our listeners you know it's not super relevant just because they had have you know multiple private jets already um so we just wanted to acknowledge that and and if you do go to netjets just don't mention the podcast or anything like that just don't tell them we sent you
yeah maypa won't happen again sorry about that uh so let's move on to Mark cubin so brother of the week why do you want to give him brother of the week uh so Mark cubin has done a lot of winning in his life he's a technology brother but this week was rough and what but I rough for him and you know I don't
know how he's handling it we've seen his name popping around group chats you know getting out his sort of frustration in different ways but ultimately I just think this is an opportunity to say to Mark and to every one of our listeners it's okay to get knocked down it's okay to fail if you look at our next
president this is a guy that has been knocked down many times has come up short many times uh so you know there's been conversations of Mark talking about a presidential run um and I just don't you know whatever happened this last week it's in the past uh Mark has you know created a tremendous amount of Enterprise Value through smart
investments in his own companies and I just um even though his Shark Tank portfolio is underwater as well uh I just want to say to Mark uh you're the brother of the week get back up get back on the horse keep going lever up your bet lever up is a good way uh to kind of make make it all back um it's never too
late to make it back make it all back in one trade so 2028 uh is around the corner um feels far away right now start planning now make it all back in one trade and um Good Luck you know the interesting thing about Mar Cuban is like there's this very like there's a clearly a rivalry between him and Trump
um there's all those clips from like the old talk shows where they were kind of beefing with each other and talking trash and they were kind of in the similar millu in the sense that Cuban was on Shark Tank like the number two business show essentially and then uh The Apprentice was like the number one business show and so they were both like
these billionaire entrepreneurs with but with big big media presences yeah but I think what's what's interesting and and I don't I don't know how accurate this is but um Cuban made his first big win on broadcast.com which was radio on the internet this do boom sold it to Yahoo for I think eight billion doll
and it and the product never went anywhere like Yahoo obviously declined and broadcast.com I think either shut down or just the product never really like realized that valuation um but it's interesting because like you could he you could almost say he's a Godfather podcasting yeah in many in many ways
which is honestly maybe what he should do to Rebrand himself now after a big loss is to say like all you people talking about me on podcast like I created you right I'm your grandfather and and but the really interesting thing is that like throughout the uh the the 2000s and 2010s he was almost too early
to internet content like because he started this company in like I think 97 and sold it in maybe like 99 or 2000 um but it was too early meanwhile during that era Trump is just completely ignoring the internet doing The Apprentice just doing traditional media up until literally this election where he pivots to the podcast strategy
and it works well um but just it's just so fascinating that like you know like Trump kind of like got the last laugh with with Cuban and like won this like mimetic competition yeah but only because Cuban not because Cuban was too late to a trend it's because he was almost too early totally it's it's very
very interesting did you know that Jason calanis uh his first company was Mark with with Mark cubin either like Mark was like the investor or like a co-founder or something and they sold that like blog company and so they like go like way way back it's fascinating did Mark ever go on Allin I think he did yeah yeah and there was and and there
was a big like Kur fuffle over it because um uh I think like Jason was like teeing him up for stuff and he was beefing with sacks and there was like some sort of like debate over it uh but Jason was framing it as like you know we're being more balanced here because we had Trump on we'll have the we'll
have the K surrogate on uh which makes sense but um but yeah yeah just Mark's going to get back to winning soon I feel it I think so and I do think that the uh the Shark Tank format is underrated and I I've talked to a lot of people who are in business content maybe they have like a podcast like a business interview show
and they've said like oh I want to do YouTube and I want to be like the Mr Beast of like business on YouTube and I've always told them like the format is Shark Tank like you need to do an episode where you're giving away money at the end of the episode every single time it's very expensive because you actually have to be giving money away
but that's the way the Mr Beast model works like you have to watch to the end because you want to see who wins like like so many of Mr Beast formats are just it's just American Ninja Warrior yeah adapted for YouTube well now we we've been we've told enough people that they should do that and they haven't so
maybe we have to do it well yeah but but no no so we're not going to do the Shark Tank we're goingon to do The Apprentice did you see the comments yeah someone commented on the show how do I be on The Apprentice uh well you got to show some more hustle than just commenting you got to get in my DMs you got to fly to LA
and yeah figure out where we record bang on the door there's security downstairs but if you're cut out to be on our show you'll you'll find a way through yeah talk your way through hot tip wear a suit there is a dress code in this building yeah um but yeah I I think I think bring back The Apprentice for the
YouTube generation bring back or Revitalize shark tank for the for the uh for the YouTube generation uh the morning Brew guy was doing doing a version of that was more like man on the street it was Man on the street tell me about your business 60c pitch um but I don't think he was giving away money the
only problem with that format is I love business so much 60 seconds is not enough right like I want it's got to be the 20 minute uh like the the Mr Beast format yeah the funny thing that people don't realize about Shark Tank too is that they they record I think with every company for like 2 three hours you know
the trick right yeah they record for two if you take the deal they they use the good Clips to make you look good and if you don't take it they make you look bad yeah and so you really so the real thing you have to take the deal take the deal drag it know the personing about back and forth back and forth back and forth and
then after it airs be like you know I hopefully you know they can work it out make the deal happen but uh because there's such an adverse selection problem like you know the the the power law companies are not showing up to Shark Tank it's also weird products that do well from tank consumer stuff right
it's all consumer but then it's it's honestly a lot of if you come out it really is a reflection of the Shark Tank audience is more traditional America than any other sort of like Business Media like oriented audience and so if you come out there with like some new CBD drink that's like replacing alcohol
like you're not going to see a single like sale from it because the audience just does not care but I had uh a friend of mine years ago started a company that was during the the sustainability uh boom uh he made a collapsable metal straw that could fit into something that would be on your keychain okay and for months after after
their Shark Tank airing they would just see the sales uptick when when it would go live cuz people I guess like mid with Midwest moms would just were like oh I'll take a straw that I can just like keep on my keychain it's great Save the Planet save the planet in the process so yeah um anyways we we should definitely
take a company on Shark Tank yeah ideally your gun store yeah I know I'm like I'm like trolling you I know it's like a real business but I'm like I'm like we we need to take Arley through YC and we need to get it on on Shark Tank I know it's a real company it's very uh disrespectful to joke about that but no I think real I
think real companies if if the audience is relevant to that company they should um imagine uh yeah customizing a firearm on the uh on Mid show you know fantastic fantastic yeah um uh so cheers to Mark hbin you are one of the few Brothers of the week so far but soon to be joined by a legion of other technology Brothers um
should we move on to some some some post the timeline the timeline the timeline so uh trun fan says if you need a doom scroll break check out my new podcast caffeinated deep Dives one drink three coffees maybe a scoop of C4 two read a book three press record for an hour the first two episodes are here iPhone and
Kelvin and Hobs oh so this is like a real thing this is not like a joke post he like he's a ship poster but no this is this is real it's something that senra has been pushing to do for a while which is a long form podcast and well you have senra focused on Founders you have business breakdown focused on
businesses you have invest like the best focus on Capital allocators and now you have TR you have technology Brothers focus on the timeline you have Trung focused on individual products which I think is interesting because everybody knows Apple the company and the founding story and all that stuff but I actually
don't know the the details of the iPhone right I know some highle stuff um I actually you know I know quite a lot of details but there's like a whole layer deeper that you can go on all these products um and the stories behind them and the individuals right cuz like it's not just like it wasn't Steve Jobs that built the iPhone right
there was hundreds of people that played a critical role in building that so uh trun Trung's amazing I'm going to follow this right now this looks good Trung's amazing long time uh quality poster uh and writer and generally uh I think it's easy for posters to get caught up into like toxic timeline drama but trun has
always he's done a good job stayed above it um you know managing his I like his first review on here smart threads dumb memes and an entertaining podcast that sums Trung up perfectly well I'm looking forward to listening to that let's go to Sean Frank Sean friend of the Pod friend of the Pod uh quote Yeah just go ahead
and 40x budgets starting 116 me to my media buyer yeah so so Q4 is always is challenging for Consumer Brands because cpms go through the roof just cost the cost of getting in front of each incremental potential customer goes way high and then when you combine that with the election cycle which increases
spending it has like a whole new group of people that are coming on and spending super super super aggressively in a super tight literally a billion dollars went to yeah so now you're not just competing with other brands in your category and other brands on the platform but you're competing with this new elephant in the room um which is
various political groups competing to drive voters to make certain decisions and so it's very much um the second that uh the election ends uh I think Facebook actually has a policy that says you can't create new political ads now so you can keep running old ads interes but they wanted to prevent people from using
if the election were to have gone differently and there was more drama and controver well they yeah they didn't want people to basically use it to manipulate public opinion like hey like comma stole the election or or Trump stole the election and then it's sort of like yeah Facebook doesn't want anything um and so if
you're a brand like sha uh Sean's company The Ridge and you're seeing good performance during the election uh Connor runs their all their um is their CMO and is the best performance marketer that I've ever known or work with um he was probably seeing solid results even during the election but then when cpms
drop like they could drop like 50% and so you just want to just absolutely send it because you have from now until Christmas or December typically it's like December 20th is when like sales start to fall off a cliff I mean I remember talking to the pebble guys do you remember this watch the smart watch
the precursor to the Apple watch and they it was a pretty big business I feel like they were doing like $50 million in a year in sales br.com of SmartWatches yeah it was rough uh but yeah I mean they would do like 90% of their revenue in December yeah because it was just like a gift and that's the and that's the nature for a lot of these
electronics companies and so like you it's just like you build up your inventory you build up your ad budget and you got to be able to make a decision like this so 400 this isn't a joke like this is actually what he's going to do yeah something like that uh we're launching rora on November 21st and uh we've been in uh running
campaigns to acquire uh you know people that are submitting um using our our r.com to do a water report and we've been seeing fantastic results um even during the election cycle and now we're doing the same thing budgets went up dramatically um uh basically yesterday so that's great amazing let's go to
Wyatt Cavalier oh what a great name you know Wyatt is a cowboy name Cavalier literally means like W Cavaliers posting fantastic he says I'm a single issue newsletter voter whichever of beehive and kit lets me upload and attach webp files first gets all my money and I think are these the two founders of the
two companies I love this CC the CEO like compan the so the reason this is interesting is uh kit kit was originally called convert kit was original buildin public um buildin public uh you know literally I remember like years ago they had a dashboard with all of their metrics yeah and I think that there's
this thing that happens where building public is cool because you get a lot of attention and and sort of people are patting you on the back like you're Legend but um the the problem is that everybody was looking at that business being like this business rise zero dollar does well pretty much a commodity
product right it's not easy to build but like anybody can kind of like spin up the ability to send uh you know SAS product to send uh emails and what happened is Tyler who was at um yeah he was at yeah so he was at morning Brew working on products like literally building and so he realized there was this white space around a more enterpr
Creator uh convert kit was more focused on creators and and people like Tim Ferris and things like that he realized there was a white space of building like much more Enterprise tooling for people that were I'm running a newsletter but I'm running a business y and taking he's taking the exact opposite approach I
remember meeting I met Tyler in Miami in 2021 and um credit to him I didn't under I didn't see that white space at the time I should have just backed him because he was like much more knowledgeable in the space um and he's taking the exact opposite approach as convert kit just raise like SE preed
seed series a I think they maybe have already done their B tier one investors all the way through like just like absolutely the business is crushing doing over a million a month they will I would imagine they'll be bigger than kit or convert kit within the next uh 24 months maybe even and there's probably so much energy in the employees they're
seeing their stock get marked up they're they're a talent magnet like the challenge is there dank is really good at Twitter Nathan the other founder was really good at Twitter oh really they're both yeah like I I think that Nathan was doing it in his own way like the the sort of building public like haer way
dank is much more like Full Speed Ahead I'm gonna publish my investor updates he's doing it in his his own um sort of Lane but the challenge when you uh have two companies that are both good at one marketing channel is it really does uh I'm sure it sucked um the the sort of wind out of kits sales where they're
like uh this was our biggest acquisition Channel now there's another person in the room with us yelling to all the same customers and you see it in tweets like this where people are literally just saying like all right Founders like fight for my business and then they have to fight it out on the timeline yeah
yeah yeah I mean Dan even says like I think we were able to get this live today but how much money is all like haha because it's like if this guy's like I'm willing to pay 50 bucks a month it's like well I'm not gonna do anything yeah interesting let's go to Mike salana um quote tweeting ad Adam Rubenstein things
Tech time uh so the New York times Tech employees demanded unlimited break time pet bereavement it was a big Meme and it was seen as like kind of ridiculous going into this election they were they were uh demanding other things but the the the timeline really focused on the most ridiculous things and so salana
says uh New York Times writers Dark Days a fascist dictator on the rise at home and we will surely be imprisoned if we can't stop him the fate of the world hangs in the balance and then the nyt tech union says my goldfish died I'm going on right so here's why this is funny so uh the tech world has had beef
with the New York Times forever yeah uh I wish I could go read the New York Times the day that I was born because they were probably like bashing some like dot era found uh and so that's just like that's that's been forever the irony of it is New York Times is so anti-tech that even their own Tech Union is rebelling within the company on the
most important week of the of the New York Times his entire like whatever this decade arguably um so the infighting uh shout out to those to the tech workers in the New York Times uh you know besides the sort of more memeable things that they're asking for yeah um what's interesting is like the website stayed
up like even though they were maybe on strike like the needle was their jobs we didn't hear yeah we didn't hear anything about like oh like the the New York Times site's like unreliable or breaking it's because they were just they have the poly Market API just feeding it in just like poly Market minus 10 whatever
hardcoded adjusted yeah uh let's go to Elon Musk says I'm doing a digital town hall on X tonight at 8:30 eastern time and this was on the 4th which is election day or was the election think it was the night so the night before uh and the top comment is can you buy Canada oh I guess this guy's probably in Canada and he
like I want to join the team yeah yeah um yeah so I think uh how do you get the X Emoji I I need to figure out how to do that I really like the way that looks you just have to copy and paste it it's some icon I thought it was something where you know it was like hardcoded in where if you like did some sort of I'm
sure there's a character combination you can get that I got to get a shortcut for that on my keyboard yeah um yeah I mean 47 million views 191,000 likes like just so it's phenomenal so the reason that I included this even though you could somebody might say it's political and we don't discuss politics is that what Elon is
doing and trying to do with America is not political at all it's it's actually applying the same methodology that he uses for company building which is progress uh being Capital efficient all these other things um you know uh accelerating timelines all all these things so uh I I do imagine after we
make the moon estate Canada would be another good Target um for the United States I think it's a long time Antarctica low fruit uh friend of the Pod this guy Sam porier um was was when we were at senator's event was talking about um uh just wanting um basically that like Canadians are are getting so uh at least people in
Quebec are getting so sick of how things are being run that even they thinking about uh you know a separating uh there's been like a separatist movement I think within Quebec for a while um but uh but anyways um long Canada if we can maybe the play is to Long Canada now if if elon's going to turn there's a lot of
land in Canada you can do a lot of rocket launches yeah um true yeah I didn't listen to any of the live streams I used to listen to clubhouse all the time but um I haven't listened to a lot on X but maybe we should host some I think it'd be fun if if only they're they weren't prioritizing xai so aggressively oh is that what the top
live stream is usually when you no I think it's more like uh oh oh you just get thrown into a grock flow instead of a I don't want to be in grock I'd rather like there's too many yeah it has some cool features where like if if me and you were doing the show on an X space like a live stream we could highlight a
tweet and then everyone who's looking see this the tweet that we're the post that we're like talking about at the time and I think that's like it's probably kind of cool I know there's some people that have growth hacked it like crazy like gu Mario Newall I think is like everything's like breaking news
every two seconds um but uh there's a lot of people that have like Mario walked so we could run yes yes yes um well the P God says I'm hitting this at the next closing dinner and it's uh three football players doing uh some sort of handstand or headand yeah so this this is something that looks really good in slow-mo or pictures but if you
actually see them do it live it's sort of like a little bit silly looking doing like a headand their hands but this was more I think we need to bring back showboating to the workplace yeah well you know you know what hit some pretty crazy like yeah yeah he does that and he's good with like the iconic like syn
day bringing the sink in like creating these like viral moments dancing you need to be creating viral moments in the workplace yes well um the maybe we just need to return I was uh I was getting coffee with uh the head of investment banking at one of the big Tech Investment Banking firms and um his
office did not have a square inch of bare table because he had so many deal toys it was insane every single every single surface was just covered with I've always thought that we need deal toys for Venture exactly yeah yeah well people do it but then it gets really embarrassing because you have to throw
90 90% of them away but it's like oh this one is really embarrassing but with invest banking it's like even if you take a company public and it didn't do that well after it's like you still $100 million on that deal so like go off 2021 uh holiday gift from a venture unnamed Venture fund was a bottle of wine that just said liquidity event on
it which was which was great I I kept the bottle yeah great uh yeah we've had a bunch of VC firms reach out about doing custom branded nicotine pouches as gifts but that's very like temporary like you're probably not performance that's just more like performance orent something you want in the office you want to give
that portfolio company an extra little push for this I mean we have the framed $100 bill we should definitely frame our our first ad deal which was at 300 or $3,000 CPM yeah um although we should stop building in public we should just insist that we're the most profitable pod people figure out that we're
charging $3,000 cpms cpms we're going to invite a lot of competition exactly exactly uh there's going to be a bunch of knockoffs I can already feel it um but uh but we should do more deal toys I mean I love the YouTube thing like when you pass 100,000 subscribers they send you a PL that's cool that's probably the
best thing YouTube's ever done they send you yeah yeah that was really really smart it's like kind of like a Deal toy and I was thinking proof of work yeah like but but like more companies should do this like uh even just for Lucy like I was looking through some of our top customers who have been with us for like
eight years no stop and it's like I haven't even thought to like send them a t-shirt like I absolutely should do that it's like it costs nothing and it's like just a thank you but you could get so much more creative with it than just a t-shirt you could give them a deal toy or something or something really
interesting um yeah with the doc send like like you send every potential investor VC A Deal toy being like I I I got to glance upon the series B Dak in Doc send yeah regard and then they just have to deal with this like physical object physical object and do they throw it out what if they didn't do the deal what if they got beaten out but it's
going to stay in their mind it's gon to stay top of mind because they closed that docsend tab they forget about your company but if there's a Deal toy sitting there shows up at the office shows up at the office and it's this glass Monument Mischief did the reverse Deal toy where they made they did a drop
once that had miniaturized versions of of products that failos I love I love mief but I thought that would was that like the whole like you need celebratory stuff not dunking yeah being obsessed with like the failure it is it is very funny but uh it's it's a little uh it's not as exciting as as as the as the good stuff
the good stuff I mean do get artifacts from like uh a lot of SpaceX investors have like like cool model rockets and stuff that have been given out at various times next time swords and stuff preo rounds VC should give their Founders uh like miniature feed ships you know oh yeah there you go like that kind of like lean
into there just like a little model one which is like that's you're so close to I feel like Nikita should give a model G wagon to everyone that hits number one on the App Store who he everybody that spend a year with him on intro yeah yeah thank you for the G get the gets the toy G wagon um let's go to swen I think I
don't know how to pronounce that jwen Lee says discipline is for those who lack Obsession and it's a beautiful skyline photo with a screenshot of a or a photo of a MacBook with some text on it what does it say the original something of trading I don't know did you did so this is a little bit of a hustle porn post but the
reason that I included it is that I think that the if you're somebody that gets when somebody's posting about here's my knowledge stack here's my second brain all this stuff and you're starting to obsess over note taking apps there's probably something that's probably um the reason for that is that
you don't actually care about what you're working on right it's it's um you have to do you have to if you yeah if you if you're thinking about oh I need to have more discipline you just don't care about what you're working on like I don't it is not hard for me to roll out of bed and come here and record the podcast right like I
don't last week I had to drive through 100,000 people to get here right I even I even destroyed my tire to get here yeah I had to replace it wow uh uh and so so yeah it's it's it's about um Obsession brings discipline but not because you're discipline but because you're obsessed right yeah so you should
just be obsessed first just find something that you're obsessed with first and then and then the discipline will come naturally because the energy will come uh Warren Buffett would would use iPhone Notes app stock yeah right pen and paper yeah right he's not getting crazy in the fourth brain fourth
brain second brain third brain fourth brain yeah yeah it's good I I've I've spent very little time in the in the that productivity world the one thing that I did get I did adopt and I like is Inbox zero I do inbox zero where everything gets archived or replied to or delay send or remind me later and then and then like I just I just know
that if it's in my inbox I need to get to it at some point that becomes like the Tas see I'm obsessed I have 2,500 unread texts and I always reply to the ones that matter to me so interesting so I don't I don't worry about by trying to get to inbox zero with my text at least I would Beal a lot of things I
don't um so uh yeah just I me a certain point it just becomes completely unmanageable I was I've talked to I was talking to billionaire a week ago that uh uh lost his email because got too a be yes uh because he uh he loost he basically lost his email because there's just too much so he can't just he just
can't do it at all and then lost his text because got too many you saids out gets his email printed out for him nice least like the printer is a little bit slow so you people can email you faster than you can print them so there's the printer is a rate limiting factor you can only see so much stuff maybe it runs
out of ink maybe it runs out of paper eventually you're see that there's going to be some natural yeah there's going to be some natural prioritization um but yeah now now he just the only thing that gets through is Twitter DMS because you have to be a mutual follower so in order to contact this guy you basically have to say
something interesting so that he follows you and not and not do something stupid where you get unfollowed then and block and then you can and then you can contact him and that's the only way and that's the that's the real cue of like how you get to them um that's good so uh let's go to Nicole whiskoff she says uh
the founder whiskoff Ventures she says launching a podcast feels 10x harder than launching a VC firm humbled after incorporating and filming the first episode mildly concerning and then Alex Conrad says now you are finally a VC firm and she says don't jinx it Alex what do you think about this which one's
harder uh depends on who you are I think for for you and our vice president Ben uh who produces the show um this is like writing like the production value with technology Brothers is intense right there's lighting there's uh heavy heavy audio optimization post work on um this is not something that you're going to do
on this is not your guys' first rodeo right and so um for you starting up a podcast is like riding a bike um but to anybody out there that thinks oh podcasting is easy uh I would just say you know grab a mic yeah grab a mic give it a shot right yeah I do think that what makes it hard is that people don't think about the format enough and or
what the show is and so they wind up just doing kind of like oh I'll just interview my friends or like it's like an interview show is just one possibility like there are within the within the podcast world if you actually look at the podcast there are structured interview shows like Tyler Cowan where he asks he has every single question
written out he asks the question lets them talk Lex fredman's very similar asks a question lets them talk Lex famously let Elon sit for like 15 seconds you remember this he's he asks Elon a question and Elon just sits there and think and there's just 15 seconds of Silence on the mic and everyone's like
wow like he like really didn't jump in Rogan very different it's a conversation Rogan doesn't have a whole bunch of questions he's just talking the whole time so conversational versus like planned interview one-on-one then there's group shows where it's a bunch of people hanging out the Pod save guys
that smartless podcast is like four comedians they still have guests on every once in a while there's shows that don't have any guests like our like ours there's shows that are scripted like uh you know serial on NPR CRA shows are B solo and like objectively it's more of like an audio book by the end exact else
and then there's also the acquired show where it's similar to senra thing but two people and lightly scripted like lightly planned but not scripted word by word but but a lot of like the but a ton of research yeah but a lot of those like True Crime shows are like literally scripted like every single word and an
AUD it's an yeah it's an audio book and then and then how much production are you going to do are you going to do sound mixing and bring in you know atmospheric sounds a lot of the horror shows and True Crime shows will have like Moody music to set the tone just all these different all these different
formats and and figuring out like what is the right format for your goal what are you good at like actually thinking that through and then sticking to that instead of just being like I have a podcast it's a zoom interview show with just random people that I meet that doesn't really uh work so until you do
that work you can just be like stagnating and I've seen a lot of people launch podcasts and just struggle for years to get you know any sort of product Market fit because they don't should feel it should feel more like um same thing with companies right I give this example to Founders where if you're uh if if you're working on a product
that is not good or the market doesn't care about it or doesn't want it it's going to feel like pushing a rock like a really heavy Rock uphill right which is like almost impossible like for a small team uh if you're working on something that is getting real pull from the market that's a good product at the
right time all the stuff it's still really hard but you're like pushing this heavy rock down like a a small SL um yeah slight Decline and so yeah you have this momentum kind of like working with you um yeah so yeah I think that's um I guess the question for me is like if you flip it around like what do you need to
get right to have like immediate product Market fit for a VC firm is it just like a banger thesis or like a lot of it feels like you have some preferential access to proprietary deal flow and so it's very natural for you to raise is the fun because you were already seeing great deals and either Angel Investing
or raising spvs like very consistently she Nicole's on her like so people were trying to dunk on this tweet which um which people want a reason to dunk on anything but uh she's on her third fund right it's not her first rodeo it legitimately is probably much easier for her to set up a venture fund and raise money raise tens of millions of dollars
from LPS so for her going and doing podcasting for the first time I think lot of people as adults stop doing new things so everything they do is pretty easy like I make my coffee in the morning I drive to work I do my job that I've done for decades and it's all like very easy and so it can be and if you're
naturally a talented person it's usually a weird feeling when you're doing something and it's like hard and didn't she also like publish like the exact funnel that she used to raise the latest fund and it was like hundreds of pitches and that's the equivalent of doing hundreds of episodes right and so she
transparent with she's building in public yeah yeah she's building in public but doing it doing it the right way yeah that's great let's move on to T says market caps of a few consumer companies that were all multi-billion dollar companies when they ipoed in the 20 to 21 period Saunder at $32 million now Rent the Runway at 36 million Bane
Capital company I remember seeing them at Bane all birds 88 million BuzzFeed 96 million and wish at 167 million and then uh Brennan says market cap of saer is lower than the cash we raised for our series B in 2017 is this like the founder of s or something like we raised he must he must have he must at least
been there I don't think that's the founder um but yeah I think uh there's some type of opportunity here a lot of these companies are like you have to imagine that sa I don't know if the board and and everyone would be able to approve like a take private but last I checked they had like hundreds of these corporate style
like apartments that were basically like somewhere between a hotel room and an Airbnb yeah and there must be like some value in there greater than than that number and so I think a lot of these are um I think like wish and stuff like that these e-commerce things e-commerce seems like it's a really bad business if
unless you online unless you have uh unless you're Amazon uh or you um have like a real brand it seems like the the middle is like really really bad even if you have a real brand like the brand the e-commerce effort is merely a go market strategy and that's what we're seeing with Lucy where like we were 99%
e-commerce for years now it's less than a third of the business yeah and then Rent the Runway is one of those things like when it launched I think that in theory for um in theory I don't know if they have men's product I'm sure they have men's products well there's the black tux which is a competitor for
R online and then I think they got kind of eaten up by those like buy andell resale websites like the real re uh where it's like the economics it sounds way more expensive but it's actually pretty similar if you just go to the real reel buy a dress for 100 bucks wear it take it back sell it for 50 it's like
you've taken a 50% loss but that might be the same price as renting the runway so the big issue with Rent the Runway is that it is a lot even though they've really dialed in like the receiving and dropping it off the more money you pay for Rent the Runway as a consumer the more work it is it's like oh great I
have these like three or four things that I have to like take put pack up and put to UPS and eventually they're looking at it as like okay I'm spending $2,000 a month I could just like strategically build out my wardrobe and sell the stuff that I don't like like you're saying so I think it's one of those things like that is something that
is probably great localized small business in New York for example where if you could subscribe to a closet New York where a woman could walk in buy something you're not buy something rent three pieces that she likes wear them drop them back off and it's like right in their neighborhood that probably is
like a pretty good business but you know online very Logistics intensive it just doesn't really make money I remember my mom always saying that like maybe it was like the Italian way is to just have like one incredible suit instead of like 10 cheap suits and there you go uh this is a special
occasion and and and and and just always essentially building a power law um closet where you don't where you have very few things but they're all extremely nice and you take very good care of them and you repair them and they're repairable because they're made out of nice materials instead of just buying fast casual fast fashion or
whatever yeah I remember the mo the distinct moment I was probably like 20 2ish where I realized I'd stopped growing and I was like wait I can buy stuff that's going toally appreciate it for a decade as opposed to a couple months yeah um let's go to SAR he says nice because he's uh tweeting a picture of an
interaction between Jason calanis and David freeberg uh RFK is talking about how the Trump White House will advise all Water Systems to remove fluoride from public water and Jason says um dot dot science boy can you vet this for me question mark parenthesis Friedberg and what I love so freedberg responds insecure boy why don't you use the
internet to do some primary research yourself instead of Outsourcing your thinking and it's this massive ratio of you know 9,000 likes to 900 likes uh and it's funny because it's like infighting but what I love is that David Friedberg matched Jason's formatting to like it's Pixel Perfect mm dot dot dot three dots
insecure boy science boy comma and then even when they tag the person Jason did open parenthesis space at fredberg space close parenthesis and fredberg does the exact same thing with Jason the the attention to detail here is just fantastic and I just like was like the the mirroring of the of the meme it's
like it's is beautiful um they've been I don't want to celebrate I don't think it's worth dunking on them or celebrating clear they're going through a lot as a group right now sax is probably going to you know it's possible he'll toest and become Secretary of State you know who knows there's a lot going on but I think why I I thought
this was relevant is one of the biggest reasons that we started this podcast is frustration that Allin wasn't monetizing and frustration from our friends that said hey we want to advertise to this group of smart uh Pro business individuals and we can't get in front of them can you guys build a bigger podcast
and Allin that monetizes sponsor um and I think the big thing is uh if Allin had sponsors and they were generating tens of millions of dollars of Revenue which they can and should uh they would not be fighting on the timeline I me that could pay for a private research assistant for Jason to ask these dumb questions too
exactly could they could have a vice president I don't think they do I think they have like a producer they have a couple producers but I don't think they have a VP yet so if yeah just thinking if if if I'm feed ship and feed ship is sponsoring Allin and I see two of their hosts fighting it out I'm like Hey we're
here to sell boats right we're not here to argue and poke fun at each other I think there's more to the story and I'm sure it'll come out yeah yeah yeah yeah yeah it's tough I mean I the the Souther bees clientele like you don't want bitters you want you want them to be fighting with the over individual object
with the paddles with the option paddles not not not making a scene in the lobby so yeah it's tough it it they almost waited too long and and you wonder like could they monetize now or has the ship sailed has the feed ship sailed yeah oh well let's move on to Kyle Harrison he's a contrary right yeah uh Kyle says uh VC
quote we don't invest in chat GPT rappers founder our chat GPT rapper has gone from 150k to to 15 million of ARR in 12 months VC will a valuation of 1 billion surfice you know what I'll just leave the valuation line blank for you to fill in and then Matt says haha that's ridiculous and also is there still room in the round love so so that
was a perplexity sub tweet right oh really uh Chach B rapper 15 million AR 1 B yeah okay yeah um but uh yeah I would say VCS love to invest in Founders in products that are genuinely loved and uh per people love perplexity yep right like it is a product that has replaced search in a small way with very
very I don't think really anything has done that in my history in Tech y so if if something has the pot something like perplexity has the potential to disrupt the greatest business model of all time being search maybe they should buy search.com yeah search.com it's not resolving right now yeah that' be good no one's using it and
uh so anyways I think perplexity is a fair uh bet at any price in the range of of what he just described yeah I mean bullish on chat GPT rappers generally not sure if they're always a good fit for VC but the UI layer is important and and and and perplexity just gives a different UI yeah a year ago everyone
was saying there's no value in the app layer you're all getting commoditized now you know this I think this tweet was in response to open AI rolling out web search sure um but people are still using perplexity I remember at the election party that we were at everybody was either they had poly Market
open right and it was just like much better sources of information and it's interesting because I mean perplexity is 100% making more money than mp3.com yeah ever did and and and and a lot of that's just the cultural shift of like yeah when you launch a product charge $20 actually the founder perplexity was on I
think Lex and was saying like I wish chaty PT had done $40 a month because we just we just copied their business model my only critique of perplexity is I haven't um I've never gotten upsell oh sure I've never gotten pushed to give them money and I use the product pretty frequently I I used it a little bit I
kind of switched out of it I had a problem with their voice dictation Pro product where basically sometimes you could use and chpt has this too where you can use whisper to transcribe something into text and then it becomes a text interaction or you can open up their voice assistant and then you're talking to the AI and it's not printing
it out in text for you I like the text interactions because I want to see tables and data but I want to talk to it and so if that flow is confusing it like really breaks my experience but that's probably a little bit Niche yeah um let's go to Lindy Man actually we should probably skip this guy he hates me um he
hates you yeah he block me how how to go I don't know I mean what what's the Tweet uh it says gambling is so normalized now people are casually betting on the election uh it just took a few years after they made it legal American society is perfect for betting lots of money lots of people sitting at work
wanting some action only thing is this might be how you your Lindy man Redemption because he would appreciate that we're sitting here in what looks like a newsroom I hope so I hope so um Paul if you're listening unblock me man I really like your posts uh so so yeah American society is perfect for betting lots of money lots
of people sitting at work wanting some action right and that was all leading up to yeah I think people need to see any type of betting as as much as it is a financial activity It's Entertainment right so when I Angel invest that's an entertainment product for me right I'm like I'm giving you a lot of money
without the ability to get it back except if you do super super well and I'm going to get updates every single month until something happens it's like the most expensive premium newsletter ex the the investor the investor update is like the best sub the most expensive substack exactly it's a one time 50k fee
yeah but I I just like that we're now getting betting products for everybody right if you're if you're a technology brother you can Angel invest if you're a uh dgen you can do sports betting if you're an intellectual you can bet on markets you do pump. fun yeah yeah yeah if you're a real DJ yeah uh I mean the D
gen levels are just 25 deep like you can go to you can be betting on like Candy Crush the really degenerate is coin going is like having like your 10 screens and going long corn Futures while you're betting on like a Chinese tennis exactly it's great um so uh uh creu uh says Elon starts his surprise Joe Rogan
appearance by mentioning that he's one of the top 20 Diablo 4 players in the world and there are only two Americans in the top 20 and David ovich quote tweets it and says I'm pretty sure Travis kalanick was the number one Wii tennis player in the world for a period of time when people played Wii tennis there's a whole story of him playing
left-handed with some VC yeah Faking It faking it and smoking him still and just being like oh he wasn't even playing with my correct hand that's just so it's just so funny because like like Diablo I I get it it's like kind of like a hardcore game wi tennis is like just like it's like a silly yeah but but that's the thing you think
that when I play Wii it feels like a joke because everything feels like you're in a big cartoon but Travis had figured out that there was actually deep skill in the game and I think that SBF when he would be playing League of Legends while pitching smogging your VC by playing left-handed in Wii tennis and
just smoking them over and over that's cool just going and playing some random yeah yeah that wasf was bad he wasn't first um if seoa had figured out that he actually wasn't even good at the game they probably wouldn't have invested but um and anyways I think so the reason the the quote tweet there brings up the fact like somebody
analyzing the fact that Elon is just spending a lot probably using an army of people to play for him so he just gets to play with all the other top players and apparently if you're playing with other top players you just rank up a lot more quickly I think that this is a risk um uh factor for elon's reputation
because he the number one way that um uh uh Elon haters try to discredit him is by saying he didn't build Rockets he didn't build a he didn't do all these things and so to now be publicly like being like I'm the top 20 Diablo player in the world when in reality it's probably a team of people is just like
what's the point I don't know I I mean I would I would honestly like like flip it around and be like you know there's there's all this skepticism about like does he have the ability to perform at the highest level and he's like demonstrating that in a public place where like if you think that you're better than Elon it's everything and he
just gets lucky or he just has some sort of thing it's okay well then show up and beat him you know you could do that um and then Palmer says it's very interesting phenomenon I was briefly one of the top 10 players in Sword Art on online memory defrag back when it was still online and my score in Pokemon
pinball for Game Boy Color was several times higher than the Guinness World Record wow amazing I don't think I've ever been like top 10 cool now now he has mod retro I was I I I played a lot of Counter Strike and I got to uh the there's a there's a like a league called the Cyber athlete amateur league and
then the Cyber athlete professional league but the CPL was in person so and it was too expensive so I couldn't go because it was in like Texas and you had to bring your own computer and it was just like really tricky but I played online and I was always like there was open which anyone could get into Maine
which was like once you were doing well then there was invite only and I couldn't get into invite I was in Maine but then I switched games to Day of Defeat which was a World War II like version of it essentially slightly different and that I actually got to invite in I was never like really one of the top players but I was really into
that game and it was fun but again like it's hard when you don't have uh time I don't know how I don't know how he makes the time for it it was always tough especially I was there there was some Olympian that talked about this uh and she was saying like she does big skiing and um modeling and she's still going to
school and the reporter was asking her like how do you do all this and the thing is is context switching usually ends up being a break even if it's very active so Elon going from working on SpaceX to working on X to working on playing Diablo is actually like it feels like him it's like refreshing it versus
just doing SpaceX for 14 hours is actually harder stay at a high level interesting yeah I like that uh let's go to Nick dollars and data he says friendly reminder that Jane Street built a system to get the 2016 election results minutes ahead of the mainstream media and still ended up losing 300 million on the trade and apparently Sam
bankman freed involves his time at Jane Street Capital where he built a system to get the election results earlier which is wild that he was there doing that and I guess it was reported in Michael Lewis's going infinite what had what had been a 300 million profit for Jane Street was now a $300 million loss
it went from the single most profitable to single worst trade in Jane Street history so it basically popped off of the news and then they held and didn't sell really I I I that's what I'm taking going profitable yeah I just I just think um that guy uh pretty they bet against the US market so they they
predicted that Trump would win early but they didn't predict that the market would like the Trump win which is interesting you would think that you could interview 100 cap capital allocators that control like a maybe there was a yeah preference uh or maybe people didn't want to say at the time that they
were Pro Trump and they thought it was going to be good yeah I I wonder I know Citadel like their Global macro team has uh they do thousands of like CEO interviews every year um I wonder if Jane Street has a similar function well you know the you know the French Quant that he did his own polling he did his
own polling what he was the he he claims I mean who knows if he was just degenerate and now he's sort of like makinging oh yeah I real data but he said that there was a difference between in polling between who are you voting for and who are your neighbors voting for and that Gap was his Edge yeah yeah I mean that that was what felt different
this time around than 2020 I was seeing like Maga hats in Venice or or in like Santa Monica and it's like used to be like if you saw that like that person be getting yelled at yeah I saw saw Trump Flags I saw like a mini Trump rally of like 20 people with like a big Trump flag like in pasadina even California
apparently was 40 40% of the popular vote in California went to Trump wow which is every for years it's supposed to be D plus 27 right which is like more like 7030 I think maybe even more than that yeah wow it's wild anyway uh let's go to Austin Peters Smith no matter who wins this election I'm going to build some
B2B sass so underappreciated tweet just 74 likes this is a good one yeah yeah uh he yeah he's been building this uh tool called Hoy for the last year oh yeah ho is a product that acts as like uh your secretary basically so the same thing that your secretary does where she says hey John you know uh this person would
like to meet with you uh are can I schedule it for this Ho's like a digital version of that does that make sense yeah yeah okay so uh you can CC hoe in on email and it just says like suggests times it can coordinate back and forth the person you're booking with can say hey uh that actually my day changed around can you do this day and
how he'll just handle the whole thing so um it's basically making uh the cougan secretary experience maybe they should buy secretary.com yeah yeah it's fascinating because secretary has become like it was it was branded as like low status to be a secretary and so that got rebranded as an executive assistant but
if you think about the most high status roles in the world the Secretary of State the treasury secretary secretary it it literally means Keeper of the secrets secretary yeah it's The Keeper of the secrets apparently and uh like literally secretary like the person in charge of that so it's actually like a
very high status word and it is non-gendered and so maybe we should bring it back yeah let's go to raset says my post is the top post of all time in the r/ cursor in R cursor bro what the zero coding skills my web app ranked number three on product hunt hi guys I was laid off for my job I don't know how
to code I decided just to build things with cursor still learning didn't really know what to build so I just decided to build the most something something something and they don't even know about the viral tweet thing LMAO huh yeah the this trend is awesome right which is that it's being easier and easier and
easier and easier and easier to build software and just things in general and so it matters more of your raw ability to execute and pace and uh even marketing Edge this guy's doing marketing through posting yep and I think the really the really interesting thing is that like I guarantee if if this idea has legs it ranks on product
hunt he gets some early adopters like there's going to be real programmers like it's going to be a tech company there's going to be a lot of programmers they're going to be using cursor there's going to be a lot of Leverage there but it's going to turn into a real software company but you've just disconnected
this need for the ideas guy to go convince a program to like take a risk and build something for equity and something that they're not sure about and so uh it just gets so much easier to to iterate and Test new ideas yeah bullish crazy example here have a portfolio company that recently had uh went to a hackathon and instead of going
as a group they had the CEO enter and the CTO enter and they both built individual products that both did well in the hackathon which and the CEO had didn't have any prior real he had never been a software engineer at a company ever yeah um and now he's like competing against other like regular engineers and
winning yeah uh which is awesome because at a hackathon in the early stages you're not solving really really hard engineering problems you're not coming in with like oh I need a new sorting algorithm or something you're just like I need to pull some code over here some plate over here deploy this like just
get something live that like does the basic bones of the thing that I want to demonstrate is this valuable is this a product that people want so side note cursor is the the uh most painful my of mine that I never took a pitch from but I realized like about a year ago that the cursor CEO had followed me since
like 2021 before the company started and I didn't hadn't followed him back and I just was like oh so stupid yeah oh well um great product great product glad they're winning I mean another example of like a UI rapper essentially like and it's actually model independent I think you can choose whatever model you want people like
Claude 3 the fact that these apps are going model independent to just shows that value will ACR to the app ler and not sort of commoditized yeah I mean like language model yeah the language model could be like the underlying technology in the same way that I think Netflix was built on gcp or AWS Snapchat
was built on Google Cloud but then they eventually built their own servers the consumer doesn't know yeah they don't care um James stuber says VC the other day told me we've lost several really good Founders to factorio they came back and just wanted to work in manufacturing not SAS do you think this is real do you
think this is a joke I think this it's funny though it's it's like iasa adjacent yeah like you either you You Lose Yourself to iasa and you go off to yeah I could see a I could see a SAS are playing factorio and they're like wait I can like do the same use my same skill set of company building to like just
play this game in real life yeah like that's what Aaron's doing yeah he's just like playing a real life game in factorio that's what we're doing at deterrence y I wonder if there's a like a dividing line between like the type of game that someone played as a kid and then the type of career path they follow
like is there a difference between like the shooter who's maybe more of like the aggressive RTS games parents were freaked out that I would I like Call of Duty as a kid because I uh now you own a gun store um no but that that was because uh and they were just worried that I'd just like get uh like want to go into the
military stuff but little do they know actually played way more Starcraft which is much more entrepreneurial balancing you know building Resource Management conflict um so anyway star long Starcraft players yeah long Diablo players now I wonder if there's going to be a boom in Diablo we we we had we had a hackathon or a land party at fat
Founders fund and it was a lot of Halo a lot of a lot of Counterstrike a little bit of Smash BRS and I think there was maybe two people playing Starcraft but starcraft's a little bit harder to set up for his longer game I think super long but I could see the next one I played a little bit of Diablo 4 because
shout out Lulu misvie she gave me a free coupon code for it when uh she worked at Activision um I was like thank you uh but I played a little bit and I was like this is like too much I played Diablo I I never really played Diablo I that was like the one everyone loved loved loved but it was like little I'm waiting for
another World of Warcraft scale game where it felt like World of Warcraft was the most deeply addicting well that's supposed to be fortnite and then Roblox right or Minecraft like Minecraft is very much the new version World of Warcraft I feel like had a lot of adults that were deeply addicted where I guess
maybe that's the case for fortnite too I just am not I don't know it's maybe true for fortnite I think it's probably less true for mcraft with adults that are addicted to video games yeah like like I mean I guess they're making a Minecraft movie they made War World of Warcraft movie so maybe it is pretty adjacent if
they build it up but yeah I I understand what you're saying uh grit cult who's been on the show before uh dumps a whole list of problems and solutions uh the fertility crisis the solutions have 10 kids environmental crisis buy a classic car ownership crisis become a landlord you laugh but it's it's real it's
usually more sustainable objectively to buy an car because it's already it's it's not being produced by anything right yeah that's right yeah yeah and and they last a long time more sustainable than buying a Tesla yeah interesting well not when Tesla starts launching v12s with gated manual shifters which is coming um it's it's
the end of the arc for Elon very clearly uh education crisis homeschool we know many people that do that uh Health crisis gym obsessively unemployment crisis go in go all in on crypto love it uh everyone scared over leverage lack of nutrition steak and eggs and then Jack butcher says 100-year Bull
Run uh any of these you disagree with I just like this because it it's all about taking personal responsibility for the problems that you see in the world so a lot of people think that there's a lot of problems in the world like we should just do less but the the key is to do more but do more of the right things
yeah and and all of these are are things that just do independently mostly I mean landlord's little no one no one's stopping you like Elon talks about the fertility crisis and actively Works to fix it right like takes personal responsibility he's not just saying you have 10 kids he's having he's having and this is something we've seen with like
the Health crisis stuff there's a lot of like kind of like Trad influencers that um you know complain about like the fluoride or seed oils or all this stuff but then like you meet them and they don't go to the gym and it's it's like something's mismatched here like you should start with yourself and like and
like at least solve the problem world and then your and then your family and then your community and then the city the state the nation but if you're just jumping straight to the nation like you at least need to lead by example right yeah uh one guy at hereticon one guy at hereticon that was like giving a panel
on like health and like the like Alternative Health movement he like was 37 I guess and straight up look like my age like he I was like of work you to respect it so anyways be be like that guy is it Brian Johnson or Justin Mayers no Justin Justin looks fantastic yeah yeah yeah um proof of body very important proof of work yeah Pro proof
of body for for any health claims like you have to be able to say like okay this person's recommending steak and eggs do I want to look like them if yes then I will listen to them this is the Andrew huberman effect um chth poopaa says these should return the exact same form of result but they don't so if you
searched if you searched where to vote for trump it would give you stories about the election and if you asked for where to vote for Harris it would give you like a like an info form of where to vote and you could just type in your address and it would immediately take you there so people were saying like
Google is biasing uh towards Harris they're being more helpful to Harris voters than Trump obviously it didn't matter in the election but uh the the the community note says the search results were different for Harris and Vance because Harris is a county in Texas and and Vance is a county in North Carolina and it appears Google has
corrected this issue I do I do want to give Google the benefit of the doubt here I just think I think there so much scrutiny that they really okay okay here comes the tinfoil hat here comes the tinf foil hat I I think there's so much there quite a lot of examples like this over the last two weeks so much so that
it's hard not to wonder if the woke mine virus within Google is still not acting up a little bit even though the spotlight is on them maybe that's all it just seems like yeah if there's if there's a whistleblower there's so much scrutiny like they're trying to Curry you can make the same argument that X is
deeply political and UPR ranks you know certain ideas I think it's I think It ultimately it's happening on both sides sure sure uh let's go to Sean pury uh he says host of my first million says uh the new bachelor party trip to turkey with the boy boys for hair transplants where'd you get your hair
transplants Jordy uh locally locally yeah yeah I actually get I get weekly microt transplants where they're uh they just take like a you know one centimeter by 1 centimet and just transplant um just a little bit it's more sustainable you know I never have to like go through the whole we no haven't haven't had to
do this yet although I uh uh function Health tells me that I've like really my hormone profile is conducive to hair loss but my spirit is conducive to having great hair so it's kind of like this this balance between my hormones and spirit and whatever um but yeah I haven't seen this yet I do think that
medical tourism is is like a underrated Trend I think it's like pretty investable Trend uh I knew some guys that were working on on sort of Airbnb for medical tourism which is kind of a cool concept where yeah if you want to go down to Mexico to like get some dental procedure done there's some dentists down there that are probably
fantastic and there's a lot that are going to jack you up yeah but knowing which one's good knowing which are good and having that user generated I was talking to Justin Mays about this with uh the like glp 1s were like widely available for like five years before they came to America and a lot of rich people were going abroad to get and
they're still really cheap on the black market yeah or gray Market very interesting I have yet to lose my hair and I don't think it's genetic in my family so I'm not super worried about it but I did start getting a bald spot back here a while ago and I was like this is so weird like I don't understand why I'm
losing my hair back here and what I figured out was that I was so I was so interested in efficiency and shareholder value and just being on the grind and not wasting any time that when I got out of the shower I would take the towel and vigorously rub my head as fast as possible to dry my hair in like 2
seconds and it was ripping out my hair no babies get that my old CRI cradle crib bals back same here's here's here's I should put the temp foil hat back on but here's here's what the hair a lot of the hair loss epidemic is driven by uh lack of sunlight to the Head sunlight makes life grow yep but everyone's inside all the
time no one's working out overuse of artificial fluorescent lights sure um that you can these are Cinema lights they're very high quality good uh wearing a lot of hats cuts off blood flow and then a lack of physical touch so if you're a guy go like this through your hair and like I will just like massage my head multiple
times a day okay um to stimulate blood flow because or if you're like down 100x on a trade you're just like yeah you don't want to be pulling out your hair you don't want to be pulling out your hair yeah anyways if you're uh a brother um physically or spiritually give yourself a little I mean it is it does
feel like the hair transplants things is becoming more normalized more democratized cheaper more reliable and so I think we'll see yeah I and I think we will see more people start to do it earlier so you don't have those like billionaire Transformations where it's like before money after money it's so obvious that they went and got their
hair done instead it's like the person just doesn't lose their hair because they made enough money at 30 to like pay for the cheaper hair transplant that was like pretty reliable yeah but yeah the hair transplant stuff I mean it feels pretty brutal I know some people have done it and it's like your head's like
bleeding for like days it's like rough I had a buddy do it and he kept leaving the house and I was like dude for all of us just like stay indoors for like a few days just chill relax like you're going to be back on on the road yeah nobody wants to see that it's rough anyway um boys trip sounds fun I don't know uh I
mean any excuse for a boys trip but hopefully not like surgery and just sitting around like you know being miserable I'd want to do something fun there's so many other things you could do go visit feed ship and start designing your custom yach exactly uh 8th Century wood chipper says forget poly Market here's the real indicator
paler Technologies jumped uh 14% the Stock's over $50 um and was this this was like right on Election Day I guess yeah to me what was amazing about this election as somebody who appreciates uh Finance was just how many different ways there were to bet on the market Dogecoin Dogecoin was one Bitcoin
salana uh defense tech stocks even Google went up 4% even a big one was obviously um all the companies that are potentially impacted by tariffs like Lululemon like that truth social the stock got halted right before the election you saw that yeah um well I think there was a big it seemed like with truth there was a big sell into the
election which somebody was like let's sell the you know that basically yeah it's going to get less attention now that Trump selected and oh really you think that's what it was it wasn't that they thought Trump was going to lose I think you could argue that that was the moment of where people were pouring on
investments because people thought he was going to win Y and it will actually could just trade down now that he's going to be president again and nobody's taking away his yeah I mean he's live on every podcast and and on X now um yeah it's interesting also the fact that all the defense stocks pumped is interesting
because there's this narrative that like the Dick Cheney endorsed com yeah yeah like Dick Cheney and the and the and the Democrats were going to be more proar and in fact the the rightwing would be less proar so you would assume the defense budgets would get cut but I think there's probably just like a return to the traditional uh balance
with uh the the conservatives still continuing to promote defense and I think it's good CU I love paler and I think it's important um let's go to Mark sisen is that how you pronounce it uh he says the best thing to do right now is lift some heavy ass weight okay so Mark don't know him personally but total
Legend uh early to a lot of these sort of Alternative Health Trends and he has proof of body like the guy is jacked fantastic sixpack I think he's in his 60s he started a company called Primal kitchen oh really which he so he sold for hundreds millions of dollars great products like he basically took a lot of
the sauces and other things like that that were unhealthy took out the seed oils put avocado oil in stuff like that but I'll I'll I've seen him uh he works out at the gym next to my house uh I think he splits time between uh the the West and East Coast but um the guy is just like a living example
living his values and well no when when he is in the gym last time I saw him he's like the mayor like everybody in the gym is like saying High that's awesome and uh so anyways like he's proof of work the guy uh yeah the guy's also just a good message I mean I think this was the 5th so this was like election night essentially or I think it
was noon before the election and so a lot of people are stressed they're just going to be checking po Mark at Doom scrolling and he's just like just go get in the gym yeah which is true it's good um just just get those endorphins flowing yeah it's important Morgan housel what firm is he with again collab
collab fund is that right he's like he's like a big deal done very well oh yeah he's a writer he's written a bunch of book great books um he has a quote uh the polls don't tell us much let's turn now to the degenerate gamblers to see if we can learn anything 7,000 likes yeah so here's the thing about evaluating
whether prediction markets worked yeah they were right this time but even a day before they were projecting that there was a 40 basically projecting there was a 40% chance that was win so it's not like I don't I I think this was a huge win for prediction markets from a liquidity standpoint and how much attention they had and most importantly
they were more accurate than the polls because you could just be one point over but at least you're the it was the most correct source of information AR was that it was and I was saying this okay I I I I thought that Trump was going to win yeah but I also knew all my most degenerate friends were going real that
are very con generally conservative and were betting heavy on poly market and I just figured that that would slant it more but the election was such a landslide that maybe it was perfectly accurate right I don't know um what'll be really interesting is if is if in the future there's a you know a prediction
markets are split 55 45 and they get it wrong yeah because I think everyone will be like oh it's worthless now when really it's like a 45% chance should come up every once in a while especially across like you know you test 10 elections like it shouldn't always be right yeah but I mean what a win and and
just like incredible accuracy and also just the fact that they I think almost more of the value was this thing Shane was saying on I think he was on CNBC today or or some sort of TV spot uh the founder of poly Market was saying that like because poly Market was continu to repic the odds they were able to
effectively call the election like 3 hours before the news media and the news media has this they they it's it's like you could say all these different things about like conflicts of interest and who's doing what and biases and who likes who or whatever but it's just a fundamentally different economic
incentive like if you're if you're CNN you are incentivized to sell ads and get watch time and keep people watching and if you're poly Market you're incentivized for liquidity and and providing correct prices and so it's just a very different like incentive structure and so the the CNN coverage and the and the mainstream media
coverage was constantly like well you know could still be a tossup like don't turn this off like let's go to this one District let's look the party we were at it was I was standing between two TV screens one had called it yeah 340 minutes before which was Fox News and MSNBC was just still just going going
but at the same time before you even got to the party like three hours before any of them called it poly Market was at like 85% for trump it was like okay yeah like unless something crazy happens was like will was getting nervous because poly Market dipped like 3% yeah oh it went from 95 to 92 and he was like I'm
panicking or whatever but like yeah it's ridiculous uh it just just having that having that early signal even if it's just like three hours and then I did see something where uh they had a screenshot of the poly Market map like a month earlier and it was dead on yeah so I don't know if um I don't know if this
made it into the stack but somebody did an analysis of poly market and turns out like 90% of users had a negative balance what does that mean like 90% of people that bet on poly Market in the last this election cycle lost money really yeah just at various times hopefully it made into uh yeah like maybe they were trading up it's probably more like
people were just trading in and out sure sure I don't know um yeah who who knows but it's just again when the liquidity is like the stock market if one person's winning someone else is losing somebody's winning big a lot of other people are yeah interesting let's go to Brian chesky founder of Airbnb he says
uh Airbnb just reached two billion guests it took it took 14 years to get our first billion and only three more years to reach the second thank you to everyone for giving us a chance it's amazing I like this first comment the first comment Charlie light says congrats Brian first two billion customers is the hardest in my
experience smooth sailing from here on out Charlie's actually a legendary poster he had um he had this uh account that probably had a few hundred thousand so so he's joking but no I think uh I it'd be good to rank YC companies based on customers because there's like I don't know if any other Y is there another YC company that has more
customers than Airbnb can't imagine it's not coin be but not meta didn't or anything um there might be some company out there that's just like such a such a general app that it's like Tech everyone's so I guess the the other thing that is interesting about this is the real number of people that have been
a customer of Airbnb is actually probably significantly higher because how many times have you stayed in an Airbnb and like you didn't book it or you booked it have like four or five people like come with you so it's probably more like they have like three and a half so um so yeah pretty pretty insane yeah
and what a journey I mean during the co cycle just like completely losing everything there's a possibility that at some point in history Airbnb will have more users than than meta or cocacola because Airbnb is actually like very geographically dispersed so like there's countries that run on Airbnb and a lot of like tourism runs on it that will be
using Airbnb but they use some local social media and they have some like off offbrand Coca-Cola so um so yeah getting to a tough spot where there's they The Tam they've got they've they've almost gotten uh 50 you know they're they're approaching 50% of of pen wonder if any of the other Airbnb stuff will pan out
they did experiences for a while did you ever see that so You' show up to a place and then you could have like kind of a tour guide recommend restaurants kind of a a a like a an Airbnb native version of like when you stay in a nice Airbnb there's usually like a book that you open up and it inside it has uh like
recommendations of like what restaurants you should go to but yeah um uh have you used turo turo is pretty cool before I could afford 911s I would I would I so turo is hilarious because you're taking highly depreciating assets that are high-risk assets in that a sports car and putting them on a website where the
primary users are going to come joy ride it and I just don't understand people that take a car like a Porsche and put it up there because the clientele that's actually renting were like 22y olds like me that are I was very respectful with the cars but still like they're driving them to like drive them and put miles on
them and doesn't make sense whereas a house a house yeah a house a house you could have you could have a million people come through a house and it would still appre appreciate right I don't know I mean people rent airbnbs and throw parties it's the same problem as like something something to be said of
like if a house is appreciating 5% a year sure sure sure and even if you need to put another 50 Grand into the house every year I mean I think like kind of I guess like maybe the bull case for turo is that a lot of the real serious uh like like turo managers like basically run run a business on turo similar to
the way people run businesses on Airbnb they know the like sweet spots like the the Porsche Macon is like a phenomenal value cuz I think you can get one for like 45k and it relist as like a premium Porsche but it's cheap and same thing with like the Corvette uh the yeah the question is why C8 because it's like a
mid-engine sports car but you can get it for 70k or something like that I don't know why hasn't Airbnb moved in have they into car rentals the car rentals maybe it's just too different of a business but it would be cool just like fly in do okay I get a car go to this Airbnb I do that's an example of Airbnb
should get air.com and then and then do everything that' be cool that's cooler than chat gbt rebranding is chat yeah my opinion I do love that I mean I don't know if we talked about this but uh chesky wrote this post about how like everyone should do a demo day every year at a big company uh and and when it was
first proposed to him he was like we're Airbnb like what are we going to announce like it's not like we release a new iPhone every year why am I getting on stage like Steve Jobs and being like this year we're doing something different because it's like kind of the same business every year but it forced him to like think of ideas and get in
the habit of driving towards it it aligns the entire organization around like some sort of Milestone some sort of deadline even if it's just shipping like their new you know fraud prevention service it's like okay well then you can announce to the public like if you're an Airbnb you know host you're going to
deal with a lot less fraud because we just announced this new program but then also they could do a bunch of cool stunty things like they built the house from up they built like a like a Barbie Oppenheimer house I think or something like that uh and all that stuff is like very gimmicky but like actually makes
for good marketing and so I like this I think it could be probably be misused by startups where they wind up leaning into just like oh we're like we just are constantly standing on stage there was like a whole batch of AI companies that were like laring as Steve Jobs with like no products and and and it was kind of
like okay like you guys got to ship but like once you're once you're in that middle phase where like you have product Market fit you're growing but you want to keep the pace of play up you want to keep we should do a we should do a you know and does this very well they they're always launching like these like
hype videos for their new products and it just feels like there's a sense of motion that would be very different than them just being like hey we sold more sensor Towers we sold more of the same thing like instead it's like okay you're hearing about this thing you're seeing this video and any companies need to
think about every major moment as a launch y not just when they launch their company that's the number one advice I give for companies in my portfolio do ATT you have AJ you have a major treat it like a launch hype it up right Y and also like bundling those things together because like even even if you
raise like a decent series a or series B like $20 million from like a decent firm like that alone might not be enough to get like a profile on your company it might be enough to get like a tech crunch article but that's not going to do anything instead it's like if you're if you're launching a new product and
you're raising money and you got some interesting hire and there's also some interesting like personal angle with one of your customers and your founder has an interesting story and you're an expert in this industry now and there's some Mega Trend going on that you're playing into it's like okay now you're going to get the Deep dive like Alex
Conrad's going to show up and like talk to you because like there's more there than just okay yeah they rais money cool like one line like you need to give facts you need to give like a sense of motion and progress in the story yeah let's go to Keith he says rest assured guys I have checked the ballots and they
do not contain P or BF BPA go vote this is so underrated 45 likes yeah yeah microplastics disrespect her of course yeah so this is a riff on uh receipts which use this like Thermo paper and receipts are genuinely terrible like there's zero Roi to touch them you should avoid them I hberman recently did a deep dive and he said one of his three
things was no plastic bottles but then also don't touch don't realize even the transfer from take put putting your finger on a hot a receipt that's hot off the fresh it's fresh uh there's real transfer and with hormones like really really really small amount of volume of uh you know hormone disrupting chemicals
or hormones themselves can have a dramatic impact on how you feel so if you're a I don't think we have any um uh I don't have any think we have many cashiers in the audience if you are uh a cashier wear gloves yeah wear gloves and refuse receipts yeah but yeah I mean I guess the ballots don't matter because
it's all printed like way ahead of time and maybe uses a good ink yeah there's that and you just hold the pencil far away yeah but very on Trend comment let's go to dr22 dearu 22 says a lot of entrepreneurs are not business people because they enjoy the idea of business but rather because they are repulsed by
the idea of working for somebody else I think there's a lot to be said about that on a soul level clearly need 1,000 likes yeah I think people there's a lot of benefits for working for someone else because if you're working for somebody else you're effectively Outsourcing all of the gnarliness that comes from
running a business is yeah you're Outsourcing there's a lot of benefits right like your salary arrives right on time you don't have to be thinking about making payroll you don't have to be thinking about some customer issue or HR issue there's you don't have to be if the if the website goes down and you're not the web developer it's not your
problem right so I think the benefits of of and I think for a lot of people like going and working there's such a tried and like true path now of like going to work at a good company spending four years learning from the best like ramp has spun off like Devon AI right early ramp cognition early ramp team um and
there's so many benefits but yeah I think for me and I don't know I I didn't even hate uh for me like I think this is one of those things rage is one of them if you're if you have a lot of rage in your heart and you want uh to win and you want power and Prestige building a company can be one way to do that if you
just want to create things some people love creating things and companies are the best way to do that sustainably yep um and yeah defines with meire yeah after you you interned at Bane and you're just like I I can't do this again I need to be the MD yeah I could never do it I I I used to tell
people like if you want to just be a successful entrepreneur just never take a job yeah because like eventually to figure it out and like but as soon as you say like I'm taking a couple years off to go work at Google or something it's like okay this is the beginning of the end like you're going to get
comfortable they're going to do everything they can to keep you from going back in the in the Gladiator pit and so you're going to get complacent and tired usually the exception of course is going to work for like extremely hot startup for a very short time because super entrepreneur no I I I have a former employee who could have
just stayed in Fang and decided to start a company and join a couple startups and um he would have done uh he would be retired by now even though he worked at like good companies if he had simply just never never left Google if he was a Fang PM he'd probably be pulling in what a couple hundred k a month right yeah
yeah but uh it's bad for the soul yeah hurts the spirit hurts the spirit um yeah enjoy the idea of business yeah I mean I I did not fully understand the idea of business really I was truly repulsed by the idea of working for somebody else I mean it also helped like after doing YC like you miss the standard recruiting cycle so
totally a Target no not at all and you're just in this weird space and I actually had a friend who was like the first employee at Facebook and uh was just I emailed him to just be like generally like I want to work in Tech and he was like I don't think you want to work at Facebook even though like
it's a great company like it's too late stage like they just want to hire people like out of the pipeline I've never I've never I shouldn't say never now but in the first three years out of school even though I was talented hardworking working in relevant spaces to startups but just the fact that I had my business
on my LinkedIn you just don't ever you know recruiters I'm not going to go hit up the founder of odds ofing and they don't P match as like your next greater yeah yeah interesting liquidity uh liquidity says we need Blackstone to take America private right size our cost structure clean up the capital structure and get
us ready for an IPO before the next election this does feel really real like I do feel like if uh if if Elon and and can can like bring in this like sort of efficiency that he brought to X the whole country will it's the first time that I've felt not political at all but it's the first time that we could sort
of um America's debt has been just running a running away like last week it added like a h hundred billion dollar in a day and it's very very concerning and this feels like an opportunity to rightsize the government rightsize our cost structure because nobody nobody is in favor of increasing taxation generally it feels like you have to be
an anarchist to to want to say like yeah we just need to raise taxes raise taxes that's that's the solution because then you get Europe um and so yeah I think this is an awesome uh moment and this is a meme but I think it's like legitimately real I think the uh the interesting kind of hot take is that the
way to uh rightsize the the what is it like the government uh like what's the what's the income statement essentially for for the government it's like the the uh government expenditure is like is like way higher than the tax receipts uh is not necessarily to like cut a bunch of spending and like fire a bunch of
employees although that's like one way to get there the real way is to extend the retirement age because that's where all the Medicare and and uh and retirement benefits kick in and I think it happened before and it dramtically changed the financials of the everybody's healthier now we should
everybody should be retiring you need Brian Johnson to come in make everyone healthier and then if you push the retirement if you can push the retirement age out because everyone's living longer well then it's Justified but for the last you know what 20 years life expectancy has been declining and so moving the retirement age up is
really like taking away like prime years of retirement and it's like really going to put the squeeze but if everyone's like well yeah I'm going to like I don't I don't mind that the government wants me to work or like the government is incentivizing me to work you can still retire whenever you want but the
government's incentivizing me to work till 70 instead of 65 because I'm going to live to 120 here's here's how America like really gets its you know house in order is getting on ramp right yeah because if America ran on ramp you'd be able to look through and be like why are we paying Boeing $150,000 per soap dispenser this is
insane that's like a real yep that's a real thing that's a real thing uh and right now yeah the president doesn't have the visibility and elon's not going to be able to look at every single line item but he needs software that helps agents to go through find these imagine if America was getting 1 and a half%
cash back on all government expenditures that's a whole new Revenue Source right is so uh Kareem Eric let's let's get America running on ramp we should that's a good uh campaign slogan someone needs to do it let's go to SPO R Spore says yeah I'm a full stack Dev the stack is Claude chat gbt and perplexity 29,000 likes wow
it's crazy 29,000 likes means something's mainstream that's like super mainstream people understand that like this is the modern stack or maybe that's because like the number of people that consider themselves developers is ex like a niche AI coding joke would not get 29,000 likes like a year ago right
so maybe the Market's just expanding that quickly then pton Casper says MFS are going to be arguing one day about whether they should ask Claude or Chad GPT it's going to be the new reactor view in some of my circles there it already yeah it already is yeah yeah I I don't I don't see a problem with it I
think it's good I mean the the full stack was Blended years ago with like uh you know putting JavaScript on the server I I'm we're going towards a future where there's art artial developers that are handwriting code and they're going to be like uh they're just going to be like in their off like small sub section of the
internet where they're talking about artisanal code that's like the NAT fredman website or like gor's website like those like no it's not even that like building technological digital masterpieces but all just by hand just one key at a time you know um no AI slop no a i slop I don't know it's a good
stack it's a good stack it's a good stack let people have fun I think people are pumped up about it they're like yeah go off it's great let's go to Alex Wang at scale AI founder of scale AI uh says scale is proud to announce defense llama American flag the llm purpose built for American National Security this is the
product collaboration between meta scale and defense experts and is available now for integration into US defense systems read more that's cool yeah yeah very cool um I think it is a wild turn of events because if if you could go back and tell journalists five years ago that meta was going to be getting into defense Tech they would be
like what this is so bad you know like cuz meta went through the worst PR cycle of almost any company in history around the election and all that stuff yeah um and so yeah now honestly bull case for meta that that Zuck is getting into uh defense Tech yeah I mean it seems great I remember the original uh are you
familiar with like the project Maven story this whole Kur fuffle at Google so like the Pentagon had a initiative to um modernize technology using artificial intelligence and they called it project Maven and um there were walkouts and and Google was one of the contractors on the on the project um but there were a lot
of others like I think paler was in there I think scale might have been it's kind of unclear um but you can go and read the actual like subcontractors and everyone got a little piece of it Google was one of them and then there was this massive walk out this open letter uh there were a whole bunch of like new New
York Times articles around it and it was very interesting because it was all framed as like Google is helping the government build like Killer Robots because like AI for defense means like like you know automated drones like killing people but what it actually was was like very very basic machine learning just to take the load off of
like they're literally like you know like you know how when these AIS get trained there like hordes of people in third world countries like tagging images and stuff um we were because it's a critical National system we were having like United States Airmen do it do this like you'd go and work for the
Air Force and your job would just be like clicking on a box being like that's a car that's a house that's a person just to like label the data because it was all coming from satellites and drones because once the drones were flying around the Middle East you needed to tag all that data and understand what
was going on in it and so we couldn't Outsource it and so it was just like very very messy so Google came in and was just like okay we'll allow we're not building anything for you we're just allowing you to use our tensorflow API which is for their machine Learning System and we'll just host you we're just providing hosting and the actual
development was done by other companies but that was like too much for the Google employees and so there's this massive walk out and then is aund billion dollar company now for sure for sure and I think it's I I I think it's smart to do a a custom llm for this like like you obviously need more security
and more controllability and just more insight so building something on open source that can be auditable but still deployed I just wonder like where the first use cases of llms will actually be in the dod um because like what we're seeing in what we're seeing in Tech or like consumer is mostly like you know AI
girlfriends and and coding assistance no it's really dark it's basically like you go to the llm and you're like what's the next what's the most relevant like potential assassination that we can do globally that that most fits the narrative right now I think it's much more Bal what I think it'll be is like you'll have like a ton of spreadsheets
and Word Documents sitting there to like inventory like the meal kits in some base and you'll be able to just like type into the llm like when when will I run out of Gatorade and it'll just say like you'll run out of Gatorade in June of 2 like Okay order more please and it'll just go order more and it'll save
some you know poor Soldier like you know like an hour of work basically I think that'll probably be the the the real impact but everyone always wants to jump to like it's going to be a killer robot llama defense llama it's good it's a good brand I like it I'm excited for that I wonder how how we'll see that
roll out uh let's go to Ben South says I love SF and he takes a picture from inside a coffee shop and the guy has on the back of his laptop a sign that says Marketplace raising precede have Revenue say hi amazing we I think we talked about this guy but but didn't have him pulled up and what people need to understand is
if you go this guy probably is getting his round done faster than some tier one founder who's like already has a bunch of relationships because just based on the volume of investors that are probably coming up to him and talking to him and people within Tech love to bet on underdogs they love to bet on people
that put themselves out there B it's anybody can do this it's free you just have to work be working on your startup put a sign up go to move to SF and you have to I mean you also have to be confident because you know that you're going to get mocked like I'm sure that this has like you know hundreds of quote tweets being like this is the dumbest
thing ever and then a lot of people like this is cool I like this yeah but it's it's all about Elon Elon is the is you have to know who you want to like you right it's not about having everybody like you if if a bunch of pro technology Pro startup people on SF think what you're doing is cool and you want to
raise money from them you can have 100 VC funds that hate you if one likes you there go time it's go time um Adam Newman we already did this so you pronounced this goate I always pronounced it gout I don't know which one it is yeah no his his full name's gota says everyone watching the poly Market odds silence model a gambler
is talking and it was 100% accurate we already talked about this but poly Market was correct so cheers the market team uh goate is amazing I uh what does he do I he has U some handle here a uh crypto index fund and then they also have like a protocol built on top of base for liquidity I guess makes sense
the zerox um but anyways yeah he's somebody who's for entire time I've known him since I invested in 21 head down just focused on product no token just grinding um and it's been uh there was yeah there was about um uh so anyways this was this poly Market was a win for him because he's French yep but but also the um
they've had a ton of like regulatory uh lack of regulatory Clarity because of this last Administration around crypto making everything that they're doing way harder all they're trying to build is like you know their first product was an index uh product of like a bunch of different digital assets that was way harder than
it needed to be security um and I still think you're maybe not allowed to even buy the the the index uh in the US like you have to be International so hopefully that uh hopefully that changes with the new admin and yeah I mean this is Brian Armstrong's Point always is like is like we just want regulatory
Clarity we just want to know what we can and can't do like the the lack of clarity so hard and that and that's hard for the financial markets because how do you price this weird risk it's hard for Builders because are you really going to go spend all this time building something that might get outlawed or
might not it's like this weird high volatility bet so and the um yeah there's a reason goate is building in um in New York is because uh after the the Frenchmen won this massive bet on poly Market France is now trying to ban po Market they're like if people are winning if people are uh you know yeah uh you know if something's Innovative
and fun let's ban it I do think Market the result here is going to be very good for crypto like we were talking about how crypto needed a win a big acquisition with bridge but poly Market was accurate bipartisan I think I think everyone was using it regard you think about it we're only about a decade into crypto you had
a real use case yeah coin Bas Co Bas IPO billion dollar acquisition by Bridge poly Market being the center this election cycle and and and just Bitcoin actually sticking around everyone all the crypto haters were like bitcoin's a Ponzi scheme it's going to zero it's clearly not going to zero yeah um and so
you you now have have stacked up like a few of the core the core the core pitches which have always been look it's this decentralized currency that can't be hacked true it's maybe digital gold true there's there's actually use cases built on top of it poly Market true like there's just a lot of different like
winds that are Financial innovation in the very slowly in the in gota's first product is a token that is basically a collection of other tokens right um so there's like real Innovation happening There's real consumer use cases y stable coins are here to stay Bitcoin alltime High hard to not be long crypto yeah
yeah and it's just like and all there will never be a use case there are no use cases and it's like well at least we have one now you know very clearly very hard to deny to deny that yeah um uh lit news network is this liquidity's like affiliate yeah oh cool uh lit news networks I just thought this was awesome
uh I hold on so lit news networks says Breaking Florida votes against legalizing recreational marijuana uh 55 to 44 yeah I just thought this was so uh So based I think that um I think that marijuana has some medicinal benefits but in general should not be publicly available promoted in the way that it is um and
this was our talk at hereticon was all about there are drugs that are gener you know every drug has positives and negatives but there are drugs that can have a very negative societal impact and I think that marijuana is one of those when it when it's taken in extremely high doses extremely regularly in extreme concentrations which is exactly
what's happened yeah and the New York Times has been reporting on this where psychosis and medical episodes are like increasing dramatically and a lot of it's just because there's been this pressure like you talk to some you know uh be like Grateful Dead fan and they like cannot Smoke Modern weed they're
like what is this stuff this is a different drug and that's true with pretty much everything I mean think about the difference between having a beer and drinking Ever Clear the only thing is nicotine you're getting a similar dosage today that you would have from a cigarette 50 years ago and that's
part of why it's Lindy yeah yeah and it's part of yeah it's there like nicotine has this weird curve where like if you take too much you just like you get like sleepy you don't have like a it's it's Notre uh like so um there's been like a natural forcing function for there's less of a race to harder like
more and more concentrated dosages which is good um but that certainly hasn't been hasn't been the case in psychedelics so good news for Florida hopefully more to come there uh let's talk about uh Ross McKay he says he's obsessed and he posts a picture of a company I think called Cadence and it's just him like packaging stuff so yeah so
this is a uh they make like a hydration product what I think is interesting about this post is uh historically Twitter and X were a place to share words and Instagram was a place to share pictures Y and so if you look at your Instagram feed there's thousands of people like Ross that are posting like
cool lifestyle imagery around their brand and things like that and if you simply take the exact same content and just post it on Twitter you get like comparably like much better engagement and and and way less competition y so uh there's a bunch of people building hydration brands on Instagram yep and just by going to X and sharing the same
style of content you can really like stand out and build the sort of like cult following of people um and so Ross has done that uh there's another brand in the fashion space that's done that really well represent um and so I just think if you're building a Lifestyle brand there's a ton of Alpha and going
over to X and um uh and focusing on that as a channel just way less competition yeah yeah yeah something about the I don't know X has always had this thing with like the comments where there like there's really really high status people on there and you can slide into people's DMS and stuff it just feels a little bit
easier than Instagram where because there's like the quote tweet functionality there's just a lot more vectors of like engagement and you can just find a conversation going on that's a little bit harder in on Instagram because like comments are a little bit more buried um yeah but yeah it's cool
it's a nice photo I got to try the product is it it's just hydration or is there caffine as well they have a ready to drink and then they have um I don't think they're onto stimulants yet that's cool well they have some nice tattoos I got to go see that photo in color looks looks good let's go to
nval nval says upcoming deregulation wave will create an economic Sonic Boom this is postelection hopefully hopefully um I think that uh there's a lot of you can just look at all the charts around introduction of new regulation and then you look at Europe and Europe is an example of what happens when you hyper regulate every single
industry it just hurts Innovation it hurts everyday individuals hurts the economy um I don't want America in 50 years to be the vacation purely a vacation destination for wealthy people in the Middle East or China where there's been this sort of Renaissance of innovation and so in the same way that um Europe by nature of hyper regulation
has propped up you know when you look at all of their public companies and their 10 100 largest companies I think all of them were started around 100 to 200 years ago and if the United States were to continue at the rate it has been uh from a regulatory standpoint that same thing would happen here with without a
doubt um and as much as I love that Europe has become sort of Cancun for people like you and me uh I don't want that to happen to us agree yeah what's interesting about this is like I don't even really know what the top deregulation efforts on the agenda are it's make it easier for Elon to launch rockets yeah but honestly like the
Zeitgeist and the and the feeling for the support felt more driven by Je stopping more regulation Y and not actually I mean this is the same thing with the illegal immigration thing you go back to the 2016 to 2020 era there was not like it wasn't we weren't in a negative net immigration era Trump was
during the Trump era there were still 400,000 uh border incidents or like interactions which is how they measure it and that that increased under Biden but the but the idea that you know you're going back to like okay we're going to see negative like outflow of of migration is probably not the truth and
and and but I mean it's still potentially even if there's just less new regulation because we just have so much already here's an example though people don't realize that a lot of the gasoline and oil used in California is actually produced in California and California recently rolled out regulations to make it much harder to
produce oil in the state which is motivated by this sort of like sustainability movement um ESG and I know a guy who's in the oil industry in California and he's like his business is basically like getting destroyed California is still going to have to buy gas right we still have to buy oil we
still need it for pretty much every facet of our life and so it's that kind of Regulation that's just like effectively motivated around religion which is the religion of ESG and sustainability that doesn't make sense because the same people that are regulating the oil industry in California are going to drive their car
to work using oil and it's like make it make sense you know yeah yeah it just it does feel like we're very we're in the early Innings of actually understanding what like a deregulatory policy would look like yeah like we've heard like drill baby drill but what does that actually mean is there like a specific
law that's going to be rolled back or across really every single possible facet of the administration um but but I do agree and I mean the market is certainly pricing in an economic Sonic Sonic Boom like everyone's very excited and very bullish uh the thing that I'm really excited about is the is the housing stuff I hope that um and I think
Ben Thompson was writing about this today just this idea that um if the administration is empowered to go in and and uh deregulate at local levels like that's really powerful and that actually happened in California to some degree where California passed the Adu laws that allow um and they override local
laws so so it's it's the state of California saying Los Angeles I don't care what you say we need housing in this state and so here you can build an Adu if it's this size and it applies to this and that and so um it'd be very cool to see something like that at the federal level where the federal level
says you know what like we're not going to have any more restrictions on height and you can just build 10 story buildings wherever if you can build a one-story building you can build a 10 story building like go nuts good luck to the good luck blocking this state government Federal like local government
whatever um and uh and and then uh you know I I think the housing ladder like getting I think that's a major major issue I think uh the millennial generation and uh gen Z as well uh getting to a place where you own a house is so important has been so important through the American Experience it's the American dream uh our our vice president
was talking about how he like a lot of his friends uh who are in their 20s um just none of them own homes yet our vice president our president um uh sorry not not JD Vance our vice president technology Brothers um was saying that it's just it's just unheard of and a little bit of this is I hope can be swung by a number of factors
I mean uh one is just build more housing two is what JD Vance was kind of teasing on one of these podcasts saying that he might want to make it harder for uh foreign investors to come in and buy property which is interesting because it's it's true supply and demand right like what drives housing prices up
restricting Supply with a bunch of regulations and making it really hard to build but also increasing demand and this is what everyone always gets frustrated by and Europe has done this right it's it's much harder generally in Europe to buy a home as a foreigner and the re and now you can still look on the
European Zillow equivalent and you can be like whoa this house is $200,000 it looks nice it's in a nice Town um but it would be hard to go by it if you're not a citizen and and and and so just and that's kind of the opposite of the process where people say oh we're going to give you housing credit oh we're
going to make it we're going to give everyone the same amount of money that's just going to raise the price in we know this yeah and a lot of issues with regulation is it just slows things down dramatically so there's entire if you could take a town in Georgia that is just decrepit right like totally like
just falling apart there's no industry and you could say Hey you can build your new Factory here and we're going to FASTT track fast TR we're going to Fast Track IT the and and it's like a it's a capital thing right because if if you need to fund some new initiative and it's going to take six years and this
even even locally in Malibu there's people that um that want to build a house they have a plot of land and it just doesn't quite make sense to get some construction loan when it's going to take four years and like you're going to be carrying this big cost and not being able to live there so there's all this land that just doesn't get used so
yeah I think the other the other kind of like set aside the politics issue the cultural issue that might solve the housing crisis to some degree is there's been this massive shift I think the Instagram generation and just the fomo of seeing everything online has really driven this phenomenon where someone
grows up in a suburb or you know Ohio or some kind of like you know third tier city mid-tier state but then they go to a college they get a communications degree and then they go get a job in Manhattan and they can pay their rent but then they're not on the economic ladder to the degree that they'll be
able to afford a house in New York and then they're like why can't I afford a house and it's like well you're in the most expensive city in the entire world and houses start at 2 million bucks but if you just went back to your your community and built there like you would be fine or even if you were just okay
with like an hourong commute when you didn't need to come into the city you be fine Nick Nick Huber guy always talks about this he's constantly getting cancelled every other day but his one of his like really good points is that you can afford housing just not in the places that you want to live so I think
there's kind of two angles with what could drive a cultural shift towards that one is just like the Trad memes of like being pastoral and like wanting to live in like a safer like Chiller Community kind of Less on the grid little bit farther away that's why we're looking at opening up the Montana office there you go and and so so so just
making not being in the most expensive city cool anymore and seeing more Instagrams from people that have set up little houses in small towns throughout America that will create like mimetic pressure for people not to just be clawing tooth and nail over the Manhattan tow houses that are out there for 2 mil um but then the other one is
just technology like starlink makes it so that you can guarantee super fast internet anywhere in the United States even if there's not great fiber coming into a town um obviously with like New Power Generation like the utilities are going to get better self-driving cars mean that okay yeah you could have an
hourlong commute but if you're in something without a steering wheel and you're just on your laptop and just doing work sleeping even like all of a sudden that kind of stretches things out because like real estate is priced as a function of the Economic Opportunity around it like the reason Manhattan real
estate's expensive great jobs there wonder I wonder if rot taxis will change sleep schedules where more people will start to do that like four hours on oh yeah I wake up at 4 a.m. I hop in my robot taxi I sleep for an hour and then I'm in the city and and all of it's like scheduled out so like like the car is
actually traveling 60 mes an hour the whole time I'm not not stuck in traffic offset and then even like VR and teleconferencing stuff like that will also reduce the barrier so you can keep like it's easier to keep in touch with someone on the other side of the country with you know group chats and VR and video games and stuff and some of that
stuff has you know deleterious effects at the extreme but in general it feels more possible than ever to go to Montana and be and we know a lot of VC's we know a lot of rich people that that spend most of their time not in the major cities but there's no reason why a like a young professional who who wants to
buy a home at 25 couldn't couldn't move there and then still compete in the global Workforce totally let's move to Augustus Augustus dco founder of rain maker says you should know you should all know that we have a four-year window to go as hard as imaginable deadly serious leave it all on the court
it's a miracle we have another shot at all press me to go harder I will do the same with all of you alhamad dullah I never know how to pronounce that how do you pronounce alhamdulillah alhamd dulah uh uh alhamdulillah uh yeah I don't know I don't know how how can Augustus go any harder he's going he's hard pedal to the
metal I would think but uh but I like it it's a good it's a good reminder like this is a window of opportunity like like regulation's not going to get worse there's lots of opportunities like you know go hard like try a lot of stuff and it's just a reminder that you can you can do crazy stuff yeah I don't there
there's a lot of talk in Tech about taking advant AG of technological cycles and moments there hasn't been over the last 20 years as much emphasis around taking advantage of political Cycles to the same degree right it's it's clear that uh admins impact the economy I think right uh you would you would hope that um they're not just on
on autopilot um but uh but yeah I would say that there is a moment here across pretty much if you're building in heavily regulated Industries there's probably going to be a lot of opportunity there if you're building um you know crypto is like a good example where um now there's poly Market winning
is actually amazing for all these all the all the type of like cryp the OG crypto people that got disillusioned with the industry because they were over they just realized that it was only speculative and and so now there's even some of the sharpest people were like everything's regulatory Arbitrage right now I just take
something I put it offshore it's like very Zero Sum it's like not fun but now people see that there's an opportunity to actually like just go back to the basics of like improving the speed of the financial system yeah good yeah and with Augustus there could be ridiculous opportunities right they might decide
hey weather modification capabilities is super super important we need to emphasize this and he's like this to my knowledge close with like Steinman and like there's going to be opportunities that come through that so a lot of he early on he was talking about how China is like reclaiming the GOI desert is
that is that the right desert where they're they're terraforming it by just planting a ton of trees and and just watering them and re uh and rerouting rivers and stuff and they're just reclaiming all that land and so when you think about the current Administration like like you know I I would be surprised if like there wasn't there
wasn't energy around like yeah let's make Nevada a bread bowl let's make New Mexico beautiful and and and uh no longer a desert I'm sure I'm sure'll be ACH of like regulatory things like oh well like you're going to displace the lizards and the snakes or whatever but the rare bees yeah the rare bees which we can talk
about um but hopefully you know uh there's enough energy to get through this and actually bring about we've talked recently about how because uh because the regulatory environment has been so bad there's just not there's been a lot of entrepreneurs on the sidelines that are like ah I'm not going to do this because even if I
get the product to work like it's going to be impossible from from a regulatory standpoint to get it through so hopefully that changes and a bunch of people that were on the sidelines come in um and uh yeah anyways Jake Chapman pours a little bit of cold water on it faster 18 months after the transition but before
the government stops process midterms stops to process midterms nothing is Promised after that uh that's a little bit of a bummer Jake come on man we're trying to get pumped up we're trying to leave it all on the court but I I understand what he's saying it's a good point um anyway always uh always an inspirational poster
Augustus uh phenomenal what he's done to like the next generation of uh entrepreneurs yeah it's really it's really impressive he like created like his own little like YC cult basically fantastic Rob Keel says uh well at least my boss will be in a good mood tomorrow and he has the xai badge because he
clearly works at xai and I love this because there are so many companies where there's a rule like oh the compliance officer says I can't can't tweet I hate it and clearly Elon lives and dies by the post and he lets his he lets his employees post and it's great yeah post just post post through it post
through uh yeah I read this I don't know I don't know Rob but I I I almost read it as like maybe he was like disappointed and now he's like well at least my boss will be happy oh yeah like maybe he wasn't happy he voted for commo but he's like at least who knows who knows great great I do think xai is a huge beneficiary of like everything
that's happened in the last um but either way it's good uh I'm sure that X is an environment where people are allowed to share their views yeah uh but because it's just not about that it's about building exactly xai yeah and and I mean that's the thing that people miss with like the whole mission driven
company leave the politics at the door it's like no it's actually okay whoever you vote for like we actually don't care yeah yeah there was a lot of there was a lot of HR teams that Wednesday were sending out notes that were basically to the effect of whether you're celebrating or devastated we're here for you you know
well we sent one out to our team but it was like whether you're de celebrating or devastated like the shareholders come first get back to work yeah yeah yeah uh no no slack as we have a policy where if we employees need to you know send us a screen share screen uh screenshot of their screen time on their iPhone and if there's more
screen time than there are you know we don't consider screen time working hours right working is when you're at your terminal yeah editing content bre keys on your keyboard yeah yeah um so yeah we're a little bit hardcore about it but okay let's go to fiser King he says comma skipped Rogan but did Satur at
live she generally only did scripted controlled events she avoided long form conversations that could reveal her as a person Trump and Vance did the opposite they took chances showed themselves victory for transparency and New Media and so I've dug into this like very very seriously I went on uh I went on uh on
pirate wires podcast like back in March when Biden was still in and I said that the person who does the longer Joe Rogan interview will win the election and and then later I went on and and coined the P the cougan parlay which was you go on poly market and you bet that Trump will do over two hours on Rogan will do under
two hours on Rogan and that Trump will win based on that and whoever does more will win and we should make a poly market parl now for next election around Joe Rogan airtime yeah so I so I've dug into this and uh not only did Trump do more interviews I think he did something like 18 major podcasts and uh ACC did
about six or eight maybe Baron was leading the strategy but his podcasts were much longer so uh when Trump went on Rogan Rogan is a three-hour show and everyone was like Trump's old he's you know he's not going to want to do a three-hour thing he's going to cut it short and this is something that happens
with all the big uh political folks like when Bernie went on Rogan he cut that short he didn't do three hours he did like an hour and a half uh even when uh Benjamin Netanyahu went on Lex he cut that short too and a lot of these guys they're like Media train they want to stay on the talking points and they
don't want to get caught in hour two and a half being a little bit tired freyling right and that's the whole point of the interview is that you you can't stay on people trust people more that freestyle yeah well because it's hard You Freestyle you expose your real when uh when police interview like pyromaniacs they or suspected
pyromaniacs they'll just interview them and get them talking for like eight hours straight and they'll just come in and talk and talk and talk because the people who are obsessed with fire even though intellectually they they shouldn't say like I like fire eventually they'll break character and just be like yeah you know what it would
be cool like if we just like lit this table on fire it's crazy um and so and so there's something about like the long interview that just like you you you can't stay in character me and Angel Investing I'm like yeah somebody has a good idea I'm like let's bet on this let's bet on exactly um and but so so
what's interesting is that the the ratio of like podcast appearances um between kamla and Trump was something like 3 to one for Trump but the ratio of hours spent podcasting was more like 10 to one and then because the YouTube algorithm weighs longer content as better for keeping for selling ads and keeping
people on the site longer content does better in the algorithm so the Rogan three-hour Trump interview got 35 million views something like that and the call her daddy they just posted a clip that was like 20 minutes and so that one even if even if a bunch of people watched it YouTube's just saying well should I should I promote the
three-hour thing that I can sell 50 ads on or should I promote the 12 minute thing that I can promote five ads on and so it's a very it's it's like Google YouTube like the algorithm is just is just expected value maximizing and so the Trump one goes mega viral and gets tons of views and so if you add up I was
trying to run the math on this I might do like a like a piece on this and actually run all the numbers but uh so the the Harris campaign spent a billion dollars the Trump campaign spent like 300 million but if you think about it like like how much does it cost to run a 30-second ad on Rogan it's like $100,000
I think M so if you multiply that out for three hours of essentially an advertisement for Trump right yeah well now you're at a single a single like if you were to go to Rogan and say I want you to do a three-hour episode on rora on just my product he'd be like okay well a 30 second ad is a is a $100,000
so uh a one minute would be 200,000 a 60 Minute you know you can multiply it out and get to like $50 million and then it also did 10 times as good as a normal episode so that's like a $200 million value Asset just in terms of like Impressions and there's a massive massive availability bias where things that you're familiar with and you spend
a lot of time with you like that person more and so just the fact that people were were spending time listening to Trump and his surrogates I think it made them like him more and this is very different in 2016 CNN NBC they were all promoting Trump rallies because they got good ratings they could sell a lot of
ads but then in 2020 Trump got covid there were lockdowns there weren't as many rallies and all the mainstream media were like maybe we shouldn't be promoting this guy maybe we shouldn't be publicizing his rallies so he got way less earned media and as a result the average American just spent less time
listening to Trump even if you're Trump skeptical you probably still listened to 10 minutes across all the different things in Clips in Little Bits maybe you turn on the Rogan for a little bit you're like a the socks is boring but you listen to a little bit and and so I think it's really just attention is all
you need going forward the candidate that gets the more attention the more views and that's what the political spending is a proxy for it's literally just ads that they're buying and Those ads are just 30 second ads and and there's something I I feel like 2016 and 2020 were dominated by Performance Marketing at least from that was what
was being analyzed is who had better Performance Marketing and people felt like performance Mar marketing was the future of political campaigning where you could just create an ad for effectively two people in one County to turn them against Y and podcasts are so good at building narrative and likability and these things that really
matter y so that for every one person that watched The Joe Rogan appearance they're telling they're they've then consumed so much content and so many talking points that they now become effectively uh a surrogate for the campaign right they're just out spreading the message so yeah um yeah I think there's
something about the internet where long form content uh a textbook gets digested into a tweet a podcast gets that gets turned into an Instagram post or an Instagram story right and so the internet is all about just cutting down long form content yeah into the smallest most digestible piece of content yeah I think
it's the future I I I don't think that either major party will ever put up a candidate that isn't good isn't going to do it isn't going to do a three-hour Rogan yeah and so my bet that I would put on poly market right now is that the 2020 2028 election is between JD Vance and AOC or JD JD Vance and Buddha judge
because AOC and Buddha judge both can actually sit and be real people for several hours and aoc's done it with like the twitch streams and stuff like she gets it she's uh she she's definitely like uh part of like the new guard yeah um uh let's go to Aaron slodov he says time to reindustrialize and I like this because
we talked about Josh Steinman tweeting good morning we're gonna win every single day and this feels like the seed of a mantra yeah you know Aaron ran the reindustrialize conference yeah him and Austin Bishop yeah he's done a lot of stuff a lot of work around reindustrialization it's a very interesting coinage and buzzword I
actually got in a fight with somebody about this on on X because I said reindustrialize and they were like well there's no such thing as reindustrialization the opposite of de-industrialization is industrialization and I was like I don't hey I can just Google it and there is a and there is a dictionary definition for
re reindustrialization so like you're kind of just wrong if you're being like literal but also like everyone knows what we mean by reindustrialize it's just branding it's just branding and so it's a great Co and everybody can attached slightly different meaning to it exactly and uh yeah it was it was we
we were at we spent election night with Aaron uh and he just he he the work he's doing is so difficult it wasn't like he was fist pumping or anything like that but it was a good moment for him and rewarding to start to get to have somebody like JD Vance you know in office who actually cares about this topic legitimately and is not just
voicing it over yeah yeah exactly so I hope to see this post in my timeline every single day yeah uh let's go go to uh Sheil monut says this is an incredible ad by Colm during election night Colm bought a 30 second spot on CNN where they just turned off the sound and just played like we're giving you 30
seconds of peace and quiet this is the call app we know that you're stressed out really in the Zeitgeist really uh really capitalizing on uh the moment that you know psychologically everyone who is watching kind of understands this is like a stressful moment it's great for the CNN audience too because I think
the Fox News audience was probably starting to pop champagne and then the CNN audience was um having a tougher night on average but um I like stuff like this I like when these companies are agile and think about yeah just taking a little twist like uh I think at the Super Bowl there was a company that
ran I think they sold like hammers or something and they did like a one second ad and it was just a hammer smashing something for like one second or coinbase did just that QR code that was bouncing around like the DVD symbol and they kind of broke the format and it sticks out and I still remember it to
this day whereas am I really going to memorize like the fifth Budweiser ad like that's kind of undifferentiated so Lucy we need to be planning the 2028 election ad but it needs to be something that's like you know in the Zeitgeist cutting against it like you could either be I'm sure most of the ads that ran
that night were like you know America's at War like this is why you need to buy this thing it's like in it's it's in with like the the normal narrative and this one just cut completely good good job and good spot by she to like find this and clip this because I wouldn't have seen this otherwise so F great curator Sean Maguire says the
turning point was Elon buying Twitter do you agree feels that way felt like another turning point was uh making likes private because sure yeah revealed preferences yeah a lot of people were even afraid to like anything that was against the narrative so yeah I think it was I but yeah uh the acquisition or the
take private was down um was Upstream of of likes and other Chang that have happened on the platform there was a good article in strer today about the election and uh Ben Thompson was basically just saying like uh as a business like individually it's very hard to say that like X is like this massive win because he paid preer prices
for it and the stock probably would have crashed he probably could have bought it for cheaper and then there was this Advertiser Exodus and the whole business is going through like a bus transformation but if you view it as the musk compan portfolio like it's very accretive and I think that's what pretty
much everyone in the deal was aligned on like a lot of people invested because they wanted access to other musk companies or they wanted Investment Banking contracts they want to be the one to take uh SpaceX public or something and and whether or not X is a win for Elon You could argue that it is even
from a regulatory standpoint point right now he's effectively purchased control of uh not directly but sort of indirectly but yeah right now I think X has marked it around 20 billion so on paper they've they' lost $24 billion something along those lines but uh but El's personal net worth went up a hundred billion dollar in the 24 hours
so um and many of the people that are big investors and X have exposure to the other companies so yeah yeah are you familiar with the Japanese ketsu no so the KET ketu are this uh a bunch of Japanese conglomerates that all own pieces of each other and so they're like deeply deeply intertwined and musk is
like kind of building a little bit of that he was deeply criticized for like the Solar City acquisition and there's always a question about like oh if one of his companies doesn't do well maybe one of the other companies will just buy it but maybe that's actually like a good strategy and we certainly saw it play
out here where you know buying one thing can have synergies with another even though you wouldn't assume that a social network would have any impact on it was always obvious that when when Tesla would brag about not needing to do ads that the their ad platform was elon's own personal Twitter account yep
and so yeah if you're getting billions of Impressions a year for free you don't need to run as many ads and again just run the numbers on the impressions of Tesla like how many cybertruck videos and like funny RPS and funny hype videos and reals have you seen on X and really anywhere add all that up it's probably
more than Hyundai spent on the Super Bowl or like all the advertisements for sure just in terms of attention terms yeah exactly but they're not paying for it but they are getting the economic value of those Impressions so it's the future I can't believe I have to read this again creatine cycle Atlas a friend
of the Pod writes on Election night hopped up on Addie and a Zin while gooning to poly market and manifold 1 second charts in wides screen on my Apple Vision Pro while talking to three different llms and streaming the those results directly to eight different group chats of terminally online schizophrenics monitoring the situation
and glark says work harder and then Atlas says I have Fox News and MSNBC at at both at full volume in my airpods Pros it feels like the real argument for having six monitors is the election right because there's so many different things to bet on you've got traditional media you've got yeah got your boys you've got your
you've got your signal chats I was talking to Sag and Jetty who runs breaking points about this and like the most perfect stack was the breaking points live stream have you ever watched this it's phenomenal it's like they they they all they all came from like more or less like traditional media backgrounds
but have gone very like YouTube Native they they they're they're viewer funded so they have like subscriptions and stuff and so they're just like completely authentic just making jokes posting they had this funny thing where uh it's kind of a left right show where crystal ball the the the one of the hosts uh she had to wear a Maga hat
because she bet on Harris and uh and Sager was gonna have to wear a Harris T-shirt If he lost the bet and so they just have this like really fun Rapport they have a bunch of other people around the desk and they're just like they have enough of the technology where they have multicam it looks really nice it looks
like a CNN production but it's but like much it's clearly not as high budget but it's just really really fast-paced really great and while they're doing the show they're doing lead-ins to YouTube clips so they'll set something up so they'll be like oh like now we're going to uh like so he kept during the live
stream he'd always he' he'd stop and be like oh the producer's telling me to do a leadin so he'd say like Donald Trump has been elected the next president to we go live to like his speech and then they cut to the clip and then they' react to it and it was just a live show but it was really really well done so
it's like breaking points live stream X scrolling the timeline poly market and that's all you needed and it's all independent alternative stuff and was like by far the most entertaining truest source of alpha the most accurate information like the mainstream just turn on the TV is like truly gone so I'm
excited uh run writes the age of the technology brother is at hand and what a perfect post to end on the timeline the timeline I couldn't agree more perfect time perfect name for the podcast the technology Brothers subscribe if you haven't already follow us on X we're also on YouTube and Spotify and you can get all of your
all of your takes and and timeline analysis on there so shout out run for the accurate analysis accurate but the technology brothers are are good we're gonna go should I read the question yeah sure hey John and Jordy I recently started Angel Investing and I'm worried it's starting to impact my marriage I've
been spending less time with my wife and kids and more time wandering coffee shops and SF looking for Founders building the next big thing not to mention I've sold two of our vacation homes to pursue this how do you Bal chasing unicorns and having a balanced life where to start I think we would need I think that there is an Angel
Investing epidemic yeah on the west coast right now I think that it's widely understood that sports betting is highly addictive yep it's under discussed that Angel Investing uh is also addictive it has longer timelines right so when you when you ape 50k into some kid with a deck dream uh it might take 5 to 10
years but I know people that wake up on the first of the month that are refreshing their email like a rat waiting for that next hit you know hoping to see an update hoping to get markups um and I think it's it's it's important for the Innovation economy yep but it's tearing families apart I do think that the first mistake that that
listener made is selling the vacation homes because some of the greatest Angel Investments ever made were made in vacation homes there's famous example of Travis KCK at uh what's his name the cowboy guy you know him he he would bring people out to his like Ranch and they would hang out in the hot tub in
Tahoe yeah and uh and so if you get the vacation homes and you start inviting people to come hang out and relax it's going to be much easier let the entrepreneurs come to you my advice would would be I mean the first mistake was selling the vacation homes you're right should have taken out debt against
the vacation homes and used thatly especially in this market you can refinance yeah so that was that was probably a big mistake cuz even if you're paying 6% annually you're going to get you generate 30 40% IR Angel Investing so it's hard not to think of that as a poor decision but ultimately I'd say bring bring your wife and and
get her Angel Investing too right have her have her put some money to work yeah essentially lever up lever up against the vacation homes instead of and bring your family into it a lot of you know Sports bets are out there there's you know they're telling their wife who who do you want to win she's like I don't
know honey like make a bet for me right and uh it's about kind of involving the whole family my son's two and a half he has five or so companies that that he's deployed into great they're kind of silly ones he's like I like this snack like let's ape in but there's something to be said about just investing in
products that you love uh I have never really been misguided by investing in in products that I love so that's great um involve the whole family lever up and you know don't take yourself so seriously maybe get a third vacation home yeah well that's our show I got to hop on with New York I'll see you next time thanks for watching