welcome to technology Brothers the number one live show in Tech today is Wednesday February 19th 2025 we are live from the Temple of Technology The Fortress of Finance the capital of capital this show starts now we got a great show for you today we're
breaking down Velar atomics Isaiah Taylor's company they raised a banger $19 million seed round then we're moving on to Mera sorry H that's awesome uh I knew they were raising around I didn't know what they were calling it yeah so it got me good you got my like authentic reaction
there's just nothing there's there's no better humor to me than raising around and then like naming it something that like breaks the sort of generalized narrative like a $19 million is just a typical series a yeah and businesses if you raise $19 million will be evaluated
as though you raised a series a some degree but calling it a seed is just so Chad Isaiah's Chad Kip is a Chad we got to go and actually we should just record a a remote pod like from we're doing a demo we should live stream it yeah yeah is that today no no I I I don't know if
it's today but we'll uh we will um we we'll definitely be covering the company and we'll break that down we're also going through uh mirr Mora's new company it has a name it's called thinking machines and the website is thinking machines. don't use a www www.th thinking machines. does not
resolve you have to drop the www yeah so if you search thinking machines right now it'll pull up their website but if you click on the website it will say this site can't be reached uh so you then have to go into the URL box and delete the www part and hit return and
then you'll get the website so do they have let's hope they're better at do they have like technology people on the team yet or May I mean I know fundraising people Mir is the CEO now okay so maybe they don't have a CTO and maybe they just you not not some of the
greatest programers in the world working there anyway uh it can be a challenge even for the greatest companies I mean open AI was struggling with the uh the login page for a while remember when chat GPT launched and like it wouldn't keep you logged in so you had to keep
logging in with Google very annoying anyway uh we're breaking down LV imageing how Bernard Arno is dealing with the Trump uh presidency and then we're going to talk about Airbus and how they're coming for Boeing it's an international Global fight in the race for an airline that doesn't crash all
the time uh and then we're going to break down the timeline so let's go to Isaiah Taylor we got some breaking news congratulations to Valar atomics big Isaiah says I'm excited to announce a $19 million seed round LED by Riot Ventures who you know some of those
dudes over there initialized Aly Corp with participation from amazing new partners such as steel Atlas day one Ventures stiffle Bank nval apology and Charlie SST we've also complet two important Milestones yeah absolute dogs in there great so Isaiah says first we
have completed the construction and pressure certification of our thermal prototype Ward zero at our Los Angeles facility the fastest in history a thermal test unit has been developed and built Ward zero will be uh unveiled next week at an exclusive event in La so
that's uh that's next week hopefully we can go if we can't we'll be live streaming it and covering it here on the show uh second we're also excited to announce a coordinated research project with the Philippine nuclear Research Institute the goal of this project is to
develop and deploy Ward one our first nuclear reactor and uh the world's first operational Gen 4 micro reactor this is just the beginning the goal of Valar atomics is to make the world's energy by building nuclear reactors at planetary scale to do that we must set a pace
that's such a great tagline make the world's energy yeah very simple you almost expect it to be like make the world's energy cleaner or make the world's energy just make the world's energy period yep he's in the energy business uh to do that we must set a pace of building an iteration to rapidly
scale and commercialize our reactor architecture today we set that pace I can't overstate my gratitude to the V to the Valar atomics team in the last 12 months they've proven themselves to be to not uh to be not only one of the most talented engineering teams in the world
but also the most determined I'm inspired to work with them every day and to bring their work to you huge thank thank you to everyone who participated in the seed Delian from Founders fund is in the comments saying congrats Isaiah Santiago good friend of the show noted uh
H I don't know he says great stuff team onward I don't know what I don't even remember exactly why but we owe Kip who's on the Valor team a bottle of Dom for something that he did last year you remember that we go like brother of the week brother of the week I think we were
going to hand deliver it and then he had to go to the Philippines for a while yeah that's right so we couldn't do it that's right so congratulations to the whole team and congratulations to Kip because we are going to be coming to the gundo at some point to deliver you a
bottle of bottle of D well deserved it's fantastic uh yeah well congrats to the whole team over there excited to see uh what they build next and get that stuff rolled out lots of exciting stuff going on in nuclear I I I think like the big the big question is always like like
nuclear was was so contrarian and so like offensive to venture capitalist that even like a few years ago it was something that was uninvestable and so you couldn't really raise any money even if you were experienced Isaiah's obviously like on the younger side more
of like the the the new like outside the box thinker but he's got a few kids so that automatically adds a decade it does if you're in your 20s and Tech and you have a few kids people will treat you as though you're a decade older I feel like I benefited from that to some degree
just because you know having kids it's just you are a different person after you have kids like but my point here is that like uh nuclear energy as a category for venture capital investment was extremely difficult to get done contrarian not not easy by any means
very hard to finance very hard to build oo went through like years and years and years before spacking and now it's like the hottest category because everyone's worried about uh Ai and and energy generation data centers it really is like in a in a environment that is you
know you in a world where there's maybe less regulations around nuclear 10 years from now nuclear energy technology companies will be tremendously more valuable so like that is like the main that's like the main sort of thesis right now and you could have when when
Isaiah was starting the company you have to imagine that in his view a lot of the stuff that we're seeing now was sort of obvious at the time was like we actually need a lot more energy nuclear energy was demonized if you remember uh somebody told me this the woman that
talks about like that super pro nuclear on Tik Tok like she was at one of the first B so she was apparently at one of the first herons but then this year like being pronuclear wasn't heretical at all it was just like the default take so she was just kind of hanging out she was
like I don't really have any new like things to bring you because like you guys all agree with me now uh yeah it's great uh so now like the problem is is like we need the energy today and even fast teams that move really quickly like Isaiah's uh you know you can't build
these things in a weekend and so now we're in this weird scenario where you know everyone in the AI world all all the data center build outs are like hey this stuff can't come to Market fast enough and it's like hey you know the VC should have been back in this a decade
ago instead of kind of sitting on their hands anyway uh quick size gong for Isaiah congratulations great connection there John thank you um well let's move on to um thinking machines so uh should we do the overview first and then we'll give a little bit of background on on
mirror uh thinking machines launch their website thinking machines. reminder don't use the www it will not resolve yep uh thinking machines lab is an artificial intelligence research and Product Company interesting because notably ilos seter SSI is not a product company
purely focused on on uh uh on super intelligence directly um we're building a future where everyone has access to the knowledge and tools that to make AI work for their unique needs and goals while AI capabilities have advanced dramatically key gaps remain I agree uh
the the scientific community's understanding of Frontier AI systems lags behind rapidly advancing capabilities knowledge of how these systems are trained is concentrated within the top research Labs limiting both the public discourse on AI and people's public people's abilities to
use AI effectively and despite their potential these systems remain difficult for people to customize to their specific needs and values to bridge the gaps we're building thinking machines labs to make AI systems more widely understood customizable and generally
capable that was not very gripping copy if I'm being honest what do you think Jordy yeah you can tell they're not marketers yeah uh but the aura around mea and the business and the team is so strong that it almost doesn't matter yeah like they clearly like didn't even
set up their domain properly like they don't want to have like I look at them as like probably being in a similar boat to SSI sure where SSI by being the first to kind of come out and say like we're not going to do any marketing or really any launches or we're not going to
release any products until we have AGI or safe you know super intelligence yeah uh they kind of like took that opportunity and I I bet you thinking machines is like I wish we did that you know like um but uh yeah again like this is one of those things if if this was if
this was the first Foundation model company it would be gripping but this is like language you could just copy and paste it onto any website or hiring page at this point you know there I want to issue a challenge if you're an open AI co-founder I challenge you to start a
company that's not a foundation model so I was corrected so Mera was actually not a co-founder of openi yeah she just served as a CTO in many ways viewed asound is it possible to work at openai and then leave and start yeah your idea was to start like a supplement
company just like it would actually there's there's a lot of Alpha and doing the thing that that doesn't make sense from a narrative standpoint right cuz if mea Madi had a supplement company I'd be like I'm buying all my supplements this because like she would only work on this
if it was like the most exactly exactly she's glimpsed the machine God and said we need more creativ it's always been underpriced to be dice exactly exactly uh and so yeah I mean the the question is like you know obviously there are so many companies working on this exact
problem right now we we the only thing that's interesting here is like where are they contrasting from the others and it's now established that they will like thinking machines will have a state-of-the-art model in probably a year oh yeah absolutely you would have
to imagine that it's actually so Elon had the sort of infrastructure advantage and uh in many ways Mera has like the actual Hands-On she's a technical CEO who's going to know exactly how to basically you know get back to the point where she was not zero so the question is yeah do they
do they try and build something a cluster do they try and work with one of the hyperscalers there's a ton that would be happy to work with her I'm sure because it gives them more leverage because even if you're if you're like oh we're yeah we're Amazon and we have I
think Amazon does have a custom like TPU style chip and they are Loosely aligned with anthropic but why not work with thinking machines and get more leverage over the anthropic relationship of course and so hyers scalers and the model companies willing to just
intermingle and Mi of course of course yeah and and for it's for a good reason so it's like yeah if I'm Amazon and I say hey you know thinking machines yeah go out and raise $500 million send 100 million over to me and yeah I'll give you 20K gpus and let you train a
Frontier Model uh the more interesting thing is like where does the product go um because I do think that there is really interesting opportunity for different product uh functionality and different problem solving there it's interesting because their website AI
that works for everyone emphasis on human AI collaboration okay that that's exactly how chat gbt more flexible adaptable and personalized AI systems okay you're not telling me anything here yeah maybe you're adding like it does seem that chat GPT is flexible adaptable and can be very
personalized if that's what you want out of it so yeah I mean honestly this is like an oil guy it's like this is commoditized and it's like oil like our vision is to like provide energy that will power industry and Automobiles for Generations it's like just like every
other Oil Company right and it's like that's probably profitable congratulations you're going to make a lot of money but like you're not doing anything new here necessarily I don't know it's interesting too they say science is better when shared so they're
not committing to being open source yeah but they say we plan to frequent frequently publish technical blog post papers and code so the whole open source thing seems extremely fake now by this and also the whole idea that it's like Sam versus a unified block of of anti-
Sams is also completely debunked because it's like why don't all of you guys just go work at anthropic or SSI why why do you all have your own companies oh well like it was probably drama between everyone here like everyone's like yeah but like so look at the current team I'm
just going to read some people out because it's absolutely stacked yeah Alex gartell yeah former leader of server operating systems at at meta expert in Linux Alexander co-creator of advanced voice mode at open AI yep and the segment anything model at meta
previously previously postm uh multimodal post trainining lead at open AI yeah Andrew this is just an alphabetical order by the way yeah ml systems research uh Andrew tullk ml systems research and Engineering previously at open AI Meta Meta yeah Z who's a CTO formerly VP of research post
training and opening eye co-creator of chat gbt yeah uh next guy Briden uh formerly post trainining research at open AI uh and if you just go down the list it's basically like the founding you know some of the most important people to work at open a the question is
just does this actually matter because in in in 2005 you could have gone and said hey we're getting people from Bell labs and Yahoo and we're getting people from AO well and all the top people and we're going to have them build a social network that's better than Facebook and
it was like nah it didn't really matter like it was actually just like a couple college kids could actually innovate and create something that took off and it took off so hard that even when Google through tons of resources at it for Google Circles or whatever their product
was called that failed and then whenever somebody else came up isak would just like buy it and I don't know it's like how much does the crazy stacked engineering team matter when it seems like there's a ton of crazy stacked Engineers that they're over in China
building deep seek and they're at xai and they're at the anthropic and like we keep hearing every single fact and they can produce a Frontier Model in a week well yeah so I mean just going down I'm still down the list I'm going to skip a bunch of people Luke Mets research
scientist and engineer co-creator of chat gbt so it's like when you're putting the co-creator of chat gbt like deep in your team list not even giving him a picture that's when you know the team stacked so it is stacked like in in many ways should just have their logo
and then the current team and like skip all of this jargony stuff because that would be more um that would be more meaningful but imagine the pressure right now on on existing open AI employees no matter how long they've got they've they've worked there and how how
big their their plans are yeah you don't just have like one heavily funded competitor from a former team member that's recruiting you you you could potentially have four or five heavily funded Foundation model companies not even talking about perplexity and sort of like app layer companies that are
trying to recruit you at all times yeah so it's just like the craziest uh Dynamic and they will make documentaries about uh all of this for sure well she's got the stone cold gaze in the guardian uh let's move on to the profile of Mera because I think she has an interesting
uh background in history um let's do uh how open AI interim Chief miror moradi helped launch AI into the mainstream uh born in Albania former Chief technology officer is charged with calming the waters after ouster of Sam Alman uh when Mira moradi made an appearance on The
Daily Show with Trevor Noah last October open AI was just a month away from releasing chat GPT do you want to uh yeah like skip skip around here um maradi as the chief's comp as the company's Chief technology officer has been in charge of leading the teams that were pushing out the artificial
intelligence chatbot that would throw the AI technology and debate over its usage into the mainstream on his show Noah asked Mara how she grappled with the implications uh AI has for jobs I got a cough you can keep reading uh implications she says there were a ton
of questions that we're wrestling with every day little did anyone know that a year later a person whose job would be affected would be morat's boss B Sam mton now maradi has replaced the rising star as CEO oh she was CEO for a while I forgot about that that's crazy yeah so
many people have been CE open there was a little uh what do you call it musical chairs for a bit there musical chairs for sure um uh in a surprise statement the company's board of directors said on Friday that Altman's departure follows a deliberative review process by the board
which concluded that he was not consistently candid in his Communications with the board and that it lost confidence in his ability to continue leading open AI that line not consistently candid is just so perfectly General like and they never and they never came out and said what it was yeah
that's the crazy thing is that all the all the back Channel Communications wait until you find out wait until you find out you're gonna you're going to side with us and then it was like he launched the best consumer product ever without really telling us
it's like who cares I yeah so questions remain over exactly what happened between Altman and his company's board which includes respected technology researchers and Business Leaders but the board said that morate can provide the company with a smooth transition as it
looks for a permanent replacement and then they like immediately added EMT uh yeah EMT was in for a while in there for a few days which lasted yeah for a few days and then Sam so anyways here's some back story Marat joined the company in 2018 as vice president of
Applied Ai and Partnerships positioning herself to play key roles in the company's development of its AI chatbot systems and Dolly which uses AI to create artwork she was promoted to senior vice president of research product and Partnerships in 2020 and to
Chief technology officer in 2022 that makes no sense to me because chat GPT launched or or GPT 3 which was barely commercial launched in 2022 so like the first two years vice president of Applied Ai and Partnerships like yeah I don't know that's interesting like they must have known
that the products were going to become highly commercializable on track I I I don't know it'd be interesting to hear like what she was doing at that time because it makes it totally makes sense that it's like a go to market role almost um but everyone else was very
surprised like oh this research lab has something that they're selling now like this wasn't in the plan this is so un this is so like shocking but it's like yeah maybe they knew back then that yeah like companies would want to generate art for ads or whatever like they need
to vend Dolly into places anyway that's interesting given her long tenure and close engagement with all aspects of the company including her experience in AI governance and policy the board believes she is uniquely qualified for the role and anticipates a seamless transition
while it conducts a formal search for a permanent CEO so this this profile was written like during the turmoil basically in the guardian uh I guess this was uh November of 2023 um we give a little bit of backstory on her that's kind of interesting actually uh born in Albania
Mora moved to Canada when she was a teenager to study at an international school on Vancouver Island she got a mechanical engineering degree from Dartmouth and eventually made her way to San Francisco where she would lead product and Engineering teams at Leap
Motion um did you do you know the story of this well I mean the whole like Narrative of just being born in Albania and then ending up as in America raising billions of dollars and and being at the frontier of innovation is just legit is is one of thousands of you know any any
sort of like hardcore anti-immigration people is one of you know thousands but a very high profile example of why immigration has made America such a dominant force in technology it's just it's just a very unique thing about America that someone can come in and
become we need to we need to reposition the the pro the super pro immigration people need to reposition immigration as brain drain oh totally and just being like we are draining the any competitive potentially economy that literally is what elon's position is with the H1B
stuff um but the reason I want to talk about lead motion is you know who the CEO of Leap Motion was uh I don't I don't David holes no way the founder of mid Journey no way and so and Leap Motion was I mean great company uh it was a hand tracker for virtual reality so it was this little
like USB stick looking device that then you would put your hand over and it would track your hands you could put it on the front of a VR headset and very like DIY it into the Oculus back in like the hacker days and it could do some basic hand tracking they tried to sell
the company at Apple they get completely rugged Apple had uh Apple had reineer printed like welcome to Apple here's your email here's your corporate badge for everyone at lead motion allegedly uh or like according to the reporting and the deal fell through at the last second
because I think David holes went in and was like I don't like this corporate structure like I'm not I'm down I'm not down like I'm out like no way yeah something like that he like turned them down and it was like kind of a but then clearly he had just like
incredible abilities to build and be a Founder because even though lead motion it wound up being kind of like an aqua hire to a different company and kind of sold um but it's just crazy that she yeah yeah that that the leite motion uh it's just crazy that she led product and
Engineering teams at leave motion because David Hol like it's like all the top technical talent in the valley essentially wound up working on AI eventually they all they all moved over there um and so then go they didn't move into crypto not many uh all the best
marketers moved to crypto which we'll talk about that we have a story on that which is great from Nick Carter uh during a brief stint at Tesla she played a key role as a product senior product manager in the development of the electric car makers model X and so this
is another interesting like sliding doors moment she probably had meetings with Elon at some point now she's probably got elon's phone number again you're leaving open AI why don't you go to ex say you got to start your own thing it's just interesting like there's one narrative
where like hey all these people are super talented they're all super entrepreneur they all want to run their own companies get more Equity it makes more financial sense um but if it was truly like Mission driven on like Sam was too chaotic he must be stopped you
would create an alliance right you would have to yeah but they're not doing it so the revealed the revealed preference is that actually this is commoditized and this is just about money that's my take on it yeah or wanting control the other the Counterpoint to that is wanting
control over what will be a super valuable important commodity asset yes exactly commodity though not not this like God war god War if we're really going to war over this and the and the robot army it's like do you really think you want to have the fifth strongest
army when Elon and Sam are like Waring or or should you just or should you just create or should you just pick and and the game here I think I think suggests that this is more about money than mission in in general that's my take yeah anyway uh maradi told Fortune
Magazine earlier this year that growing up in the other side of it is Mo all these people are already so post economic that that potentially potentially there is still an angle of once you have more money than you could ever spend in your life do you want to just just do the work
that you really want to do without we dealing with the the sort of BS of of having a crazy yeah boss that you don't necessarily trust or you don't like or whatever right in some ways this is like uh getting a tenured position in a at like a Stanford resarch lab but you but
you cannot do that because Stanford will never give you a billion dollars to build a 20K GPU cluster so doing the work of of Academia now takes the form of a venture-backed comm's totally a world where some of these Foundation model spin outs from open AI just kind
of twiddle their thumbs and and do cool research but just never reach sort of commercial I I'm not expecting that out of thinking machines or but SSI seems like it could be a good candidate for that there were a couple of those I mean I me the story of character right where
where it's like the guy kind of was like oh I got like insane product Market fit but I don't really like the market so I'm out yeah I mean that was a read for for a lot of people that said that I I don't know potential one shot but the guy I mean he just did dores like gnome
he he seems like legitimately like a computer science genius and so like yeah that guy should just be doing like computer science he doesn't need to be worrying about like how can we squeeze more more pennies out of these like gooners that are our like customers
basically like it's not it's not important work to him and that's fine and that's the nature of capitalism in America and to be clear I'm not I'm not saying oh they're these people are in the money in it for the money and that's a black pill I'm saying it's a mega mega
white pill like it's the best outcome here it means that AI is going to go extremely well it's going to generate a lot of economic value it's not going to be some chaotic you know apocalypse situation because if you think it's the apocalypse you don't act like this that
that's my take is like this is not this is not the behavior of somebody who has like what did Ilia see you know oh like he saw like he glimpsed into the ASI and realized that like we were all going to be killed it's like no that was a marketing stunt that era is over and now
we are in the oil extraction and commoditization perspective and yeah go get the money it's great I encourage everyone to do this this is fantastic uh get the bag uh I'd already been working in AI applications at Tesla she told Fortune but I was more interested in
general intelligence I wasn't sure it was going to happen at that point but I knew that even if we just got very close thing the things uh we would build along the way would be incredible I wanted to be part of that moradi has a often spoken publicly about ai's power as a
tool echoing sentiments expressed by Altman a key champion of AI technology in a world that has grown skeptical about the company's technology there are a lot of hard problems to figure out how do you get the model to find the thing to do the thing that you want it to do
100% true uh Sachi Nadella is in here talking about uh pumping up moradi because I think he at that point was saying like yeah kind of bullish on her as a result he wrote Mira has helped build some of the most exciting AI Technologies we've ever seen obviously
true I mean she's like clearly a goated product and AI manager like there's no question about that um interesting well well we will see where it goes from it's interesting that Microsoft didn't invest in thinking machines I don't actually know who time at the time it seemed like it seemed like
SAA had more loyalty to open AI yeah and then more recently you can imagine Microsoft would make direct investments in potential competitors given open open AI is working with uh yeah Oracle and and other companies that are now competitive again with Microsoft it
seems like mea and Ilia left around the same time Ilia is Raising what a billion with 500 from Green o coming in and mea it says here I don't know how true this is can you look it up uh it says secured significant Venture funding over $100 million to support Capital intensive
large scale mod model training so which is interesting because compared to Ilia but who knows I mean like a billion dollar deal could come together in like two seconds in Silicon Valley these days uh no it's possible it's possible she's just throwing a bone to a handful of
early partners and then she's going to do the one on five billion like you know in in a month yeah um and like the crazy thing is that like but I don't I don't I don't think it might not be a bad deal I mean obviously everyone's pointing to like the doc com narrative being like Oh
there's going to be one power law winner and all this is going to but if it's commoditized you know maybe maybe you just got to go drill the wells get the gpus just buy a bunch of gpus I don't know we'll see uh anyway uh that's the story of mea is there
anything else we should cover in here it's pretty interesting I mean departed in 2014 and then founded immediately I I I'm just so fascinated by the fact that like it's just model company after model company after model company and like just they all seem to believe the exact same thing
which is like these models are highly versatile but they also don't believe that this will be a power law are you a diu of more than one llm no yeah only chat GPT is on my home row yeah uh and then I use I have Gemini Pro Plus like that I can find when I find it I can use
it sometimes but it's very hard to access uh and I use that if it's like in just a book because it has a million million token context window so one feature is something I use uh perplexity every once in a while Gro every once in a while in a I I do like a grock for
image generation is fantastic because there's no guard rail so it'll just generate like oh you want a picture of Tom Cruz you know fighting Mickey Mouse like no problem yeah which is like I think actually fine because it's very transformative and it's clearly
satirical but all the other llms are terrified of of of Ip infringement y and I think uh Disney and all the all the IP holders are like yeah actually we don't want to get in uh in a legal battle with Elon Musk the the president's first yeah yeah the other thing is that Elon will
post through he will take he he willst like it's it's every lawyer would advise Elon please don't call Sam Alman a scam artist during the lawsuit because then Sam can go out and like sue for huge damages he could say you know you prevented this2 billion investment
whatever million things but but Elon being the world's richest man is willing to just take that risk and so he would do that to a major corporation too right I just he he said f you to uh what to like Disney and all the major to to Bob Iger just for stopping advertising not
even like a suit just saying hey look X is getting a little for our brand we're not going to advertise there and he was like I have a message for you and he flicked them off at that damn off yeah F off right yeah crazy uh yeah so you know I'm glad because
sometimes you know the the four-year-old son asks for a picture of uh of a of a DreamWorks character interacting with a Disney character yep and you know what I'm happy to abide uh and you're going to have to come after me DreamWorks in Disney because uh you know sometimes Mickey
Mouse wants wants to hang out with shre and there you go I think those two are different IP worlds uh but they shouldn't be and I should be able to instantiate them and I think it's very additive and and it's not a replacement for the real thing it's clearly clearly
additive anyway speaking of intellectual property and uh luxury goods kind of let's go on to the French billionaire working his Trump ties to spare his luxury Empire that's right we're talking about lvmh and Bernard Arno uh let's kick it off Jordy what you got yeah uh
the day after president Trump survived an assassination attempt in Pennsylvania last summer he received a call from a familiar French voice it was Bernard Arno owner of the globe spanning luxury Empire Arno wanted to check in on the man he had known for decades Trump was
also in the middle of a fierce presidential campaign as well as several criminal proceedings the phone call from Arno sent a clear signal the luxury Titan was sticking with Trump through thick and thin with Trump now in office and warning of steep tariffs
the question yeah of course the question is whether AR no can leverage his connection to keep his luxury conglomerate out of any trade Wars trades would be a blow to arno's Empire whose largest market is the US equal in size to all of Europe combined Trump has called the European Union's Trade
Surplus with the us a quote unquote atrocity but he also leans on personal relationships to guide his policy as every businessman in the world does the ties between the families are extensive dating to when the two Patriarchs were up and cominging property developers in
Manhattan that's a whole other side of our know story he he was like in the real estate development world in the construction uh industry back in France dno's second eldest son Alexander has become friends with Trump's son-in-law Jared Kushner Ivanka Trump also funny
story yeah I made a um so back in 2021 we launched helpful VCS which was that nft project where we made 400 you know crypto style uh you know nfts and we list we put them online and we said NC that repost this in the next four hours gets theirs for free otherwise we're
going to auction it off yeah so of course every investor you know nfts were starting to become popular they were like I'm not letting my nft get auctioned off to someone else everybody reposted it super viral Alexander saw it and then one of a mutual friend of ours
hit me up and he was like hey could you uh Alexander wants to make a crypt Punk style nft for um his dad Bernard could you make him on I was like sure cost like 50 bucks I was like here you go so anyway Amazing Story I had no idea anyways because Alexander had had was tapped into web 3 and had
done some stuff with Tiffany's they kind of I think approached it in the right way where they di their toes but didn't go like yeah you know they weren't saying like GM wag me and stuff like that so anyway squa do you remember that squ rebranded
as like the web 3 faucet main net thing for a week and it was like at the actual top and then the and then the S SPF FTX thing happened it was like okay back to normal back to the the basics amazing Ivanka Trump is a friend of arno's daughter deline and a devote devote of
Dior the brand deline overseas the CEO so for those that don't know Bernard has done a fantastic job of getting his all of his children like running different brands in the Empire yeah so she runs or the Aros conglomerate even pays rent to the Trump organization which is a
landlord for lvmh's Louis Vuitton store in Midtown so does uh lvmh do Cosmetics because you were talking on the last show that Melania should do a Cosmetics line Y if she doesn't have one already she might she did one she did one there we go yeah that seems obvious yeah okay
I'll continue here during Trump's first term AR no's decision to expand hand handbag production in the US and publicly promote the move with Trump help the luxury industry largely avoid an initial wave of tariffs that hit other European sectors while you're laughing I just think it's it's the the
funniest game of checkers yeah where berau is like I just I just really don't want to get tariffs like okay open up production in the US I'll text it to Trump hey do you see what we did like here's why you shouldn't you know slap like a 15% tariff Trump left office
before a second Salvo of tariffs could take a take effect those levies with some dub the lbmh tax were designed to hit luxury goods in retaliation for a French digital tax affecting us Tech Giants hey Bernard you got to get it together over there get get your house
in order ban the cookies let's cool it with the cookies the cookie banners the cookie thing is just I made a joke about it when I was in France in late December early January and it just is so over the top it's just it just is he should be running he Bernard should actually do
this cuz think about in the Louis Vuitton store are they going to be like hey just so you know like you're in a store right now hey there's a store you might have an opportunity to buy something can you please like sign on this line that like you're looking at
merchandise and you're in a store it's like yeah I know I'm in the store I know I'm on a website I know that cookies exist like why am I clicking a button for this yeah it's unnecessary and it's the same thing that you would never see that in a luxury environment and Europe
seems hellbent on making their imag that and vulgar yeah you have to imagine that Arno um uh is inspired to some degree by Elon and that if you have billions of dollars you absolutely can influence the outcome of an election and make sure your guy yeah is in so yeah again a lot of like
the obvious thing if you're trying to avoid tariffs is to show Trump look we're investing in America you know we're going to you know develop you know production locally this is an important you know sector but but then the the the sort of more complicated way to do it is
say like I'm going to f fix French governance and like I'm going to get my guy in and I'm going to make sure we're not like launching these taxes on American you know digital Goods I still wonder like lvmh tax I guess it's still hang hanging over Aros business Empire
it says here like of all the things to tariff that seems like the safest yeah not just because like luxury goods aren't important but literally because like they're not price sensitive in the same way like they're not price elastic and so uh you know if you tax cigarettes
people consume the exact amount of cigarettes like it's fine to cigarettes basically and it's the same thing for luxury goods I would imagine that if if they if there's a tax on Louis Vuitton stuff the price goes up it becomes even more exclusive they sell roughly the
same profits aren't majorly disrupted versus if you're taxing you know cheap a little bit it's like all of a sudden the American stuff becomes compe again so I was reading an article in the journal about about the Chinese like lvmh is opportunity in China right now
and they have basically there's already luxury inflation that they set y the thing is that if if prices have to go up Bernard wants to be the guy that's raising prices and capturing that additional thing he doesn't want to be raising prices because you have to
account you know for this tariff or you don't want the consumer to be absorbing more costs because of yeah something that's not your margin right yeah like uh there's so many places where I would probably be Pro tariff just to make the American local industry more competitive
yeah um you know we talk about drones we talk about uh you know DJI versus GoPro we talk about um you know all all sorts of Hardware stuff unry versus Boston Dynamics all these different things that could could or the Tesla Optimus uh but what like you know like a a lot of these
I was looking at like you know Swiss watches versus American watches like there's one guy who makes bespoke watches really in America you're on the list you you should actually make sure you're on sure you're on the list because it's going to be like rgw or rgm I think rgm out in
Pennsylvania and then there's Hamilton which is like a great and historical organization but they're not at the same level as the Swiss guys so it's like if you tax that it's like pek Vashon and uh and adarp are still like their only games in town at that
and I'm if all of sudden Louis Vuitton is more expensive what is more comp in America like yeah do we just start rebuilding maybe it'd be an opportunity for an American uh new Luxury Line to pop up the thing about luxury though is it takes a hundred years to actually build
a luxury brandly where whereas whereas if an American entrepreneur came out today and was like I have a drone that's just as good as a DJI not even better just the same same price we're price competitive and and I would buy that one obviously but right now it's like okay
if I need a drone like it has to work I have to go with DJI because the opport the other the other one is one from America that doesn't work and uh cost twice as much anyway uh let's move on uh he the article mentions China uh lvmh is counting on strong us demand to power
its growth in the coming years after sales in China the second biggest Market plunged around 20% last year and you were telling me something about that yeah I mean so track iPhone sales perfectly right so many luxury product companies had been dependent on China
for the vast majority of their growth over the past decade and that just like slammed basically to a halt is Contracting now um that has to do with like economic issues in China also the Chinese consumer kind of like finding their way and they're being actual consumer brands in China that are
starting to be compelling yeah to people locally but um but yeah uh there there's caring group who whose sales were down like 30% or something like that so in China in China okay uh that's interesting uh I'd love to know how lvmh is doing over the past year to 10 years
uh if you could look that up on public um but there's some interesting information here lvmh operates 14 factories in the United States already and is planning to pump more money into Tiffany the iconic American Jeweler it acquired in 2021 yeah so in 2024 caring
sales in Asia Pacific including China declined 30% due to weaken demand and so there's there's this kind of caught people off guard to some degree because there's a bunch of stores that are already like badged like have The Branding of uh whatever you know sort of luxury brand is going in
there and just nobody's moving in or or they're open and like people just aren't coming through so really tough uh you know scenario right there Apple's having the same issues their sales are down uh almost d double digits uh as of last year in China and again part of the
reason for that is that the iPhone in China is more of a luxury product than it is a utility and we talked about this yesterday off the show but Apple has huge advantages in the US they have their Moes which is like messaging payments the developer ecosystem they
don't have that in China because of WeChat and these in these sort of super apps and so somebody can just trade for a cheaper phone and get like 90 99% of the utility yeah that they would get from an iPhone whereas if you go off iPhone right now it's like you're losing
your ioto storage you're using all your group chat you're losing your bunch of apps won't won't work anymore it is very you're very locked in so this is fun he he went to the inauguration ceremony and sat next to Bezos and musk who he's been like going up and down with as the
richest man he recently was knocked off and Elon is the richest one now um but he was flanked by his wife and two of his five children who would refuse an invitation from the president of the United States to attend their inauguration our not told reporters
besides I've had a long-standing relationship with him like we're best buds I love him which is probably true um this article is based on interviews uh Arno first cross paths with Trump when the Frenchman was living in New York in the early 1980s Arno had left
France after the election election of franois Mand the first socialist president of France's modern Republic led to higher taxes in the nation nationalization of swas of the French economy he literally did the meme if Trump's elected I'm going to Canada if KL is elected I'm going to France and
and he did that he was like there's a socialist here I'm bouncing I'm going to New York uh and it it must be paid off for him because he said uh he didn't own a single luxury brand at the time instead like Trump he aspired to become a real estate Mogul he opened offices at
Rockefeller Center while Trump Tower was being erected on 56 and fifth Arno met Trump for the first time at a charity dinner at the Plaza Hotel in the early 80s years before Trump acquired the storied Hotel Trump was the embodiment of a distinctly American form of luxury
one that splashed brand names in bold based font on everything from buildings to Jets loud opulence opulence really the really the Creator AR know's most high-profile Investments were on the Florida coast us real estate however was difficult terrain for the Frenchmen who
struggled with an unfamiliar Market when miran's cash strap government made a u-turn toward a more business-friendly policies return that's so so dirty you're only you're only business friendly when you're cash strapped oh now you want to that's the teal thing is like is like
even the Socialists would say you got to let the capitalist make some money before you can redistribute it yeah so like it doesn't make sense to do socialism in a 2% GDP growth economy you need to get to 10% GDP growth and that's like where all the AGI socialists come
from is they say hey look yeah like Ubi sounds crazy now but when we're growing GDP 10% there's going to be so much money flowing around it'll be easier to pay for for Ubi everything will be paid off uh anyway uh you know these guys are futurists um when Arno resurfaced in New
York in the late 1980s it was the purve of a different kind of luxury Arno had purchased Christian Dior and he was fighting for control of lvmh he had garnered a reputation as France's sharp ow dealmaker back in France drawing comparisons to Trump himself Arno and
Trump shook hands at a party at the Met Metropolitan Club in 1989 uh Arno had helped sponsor a black tii event for the French luxury industry at the Metropolitan Club in Manhattan they shared a table according to video of the event and AR no is seated next to
a Beed Ivana Trump As Trump beams as he arrives at the table to shake hands Arno continued snapping up fashion and luxury Brands including American ones like Mark Jacobs and Donna Karan Donna Karan uh the front the real front lines of the expansion however was the US real estate
State Market it was like a game of Monopoly arno's Brands needed to occupy Prime locations in America's most exclusive shopping corridors talking about Fifth Avenue Madison Avenue just around the corner of Trump Tower Bulgari Etc and so he goes on an
absolute tear if if you haven't already go listen to the acquired episode of uh lvmh because the story is just yeah the found I I honestly have listened to both so I'm probably have overlapping narratives but um but yeah both of those episodes are fantastic and and they give
you um just just learning about Arno just an absolute he didn't certainly didn't lock into being at one point the world's richest man well let's close out with this uh like how the taxes are actually shaping up to see you know what the prediction is for how lvmh Bears
going forward in the Trump 2.0 Administration in 2019 the Trump Administration imposed tariffs of seven on 7.5 billion worth of European Goods in retaliation for EU subsidies to Airbus the duties targeted aircraft cheese and alcohol like wine and Scotch
bad news for the French diet the French diet Paradox uh Justin Mar luxury items like champagne and handbag and Handbags were spared thank God D people scratching their heads yeah I mean at at at 250 350 a bottle you know you put tariffs on that we're going to be making January 6 look like a
picnic a baby shower a baby shower yeah the day before the tariffs were enforced Arno and alexandrea boarded Air Force One with Trump in route to Johnson County Texas to inaugurate the new Louis Vuitton Workshop in Texas they say Workshop they don't say
Factory because a lot of it is actually still done by hand interesting um yeah LV M had invested $50 million in the facility with plans to hire a thousand employees within 5 years the bags produced here in including the neverful ne new and mettis I'm not familiar with these bags uh bear the
label made in the USA when a French reporter asked Trump why he was slapping levies on wine and cheese while ignoring champagne and leather goods Trump said he had been discussing the issue with Arno I can't tax him because he moved to the United States he was very smart
he was way ahead Trump said uh that's a good point I mean it's the dealmaker guy like it seems like corrupt but at the same time it's like the whole point is what does America get out of this trade deal and there are a number of things there are money from tariffs or jobs and
domestic manufacturing and so you know Trump says like hey I threatened him he played ball and so I have to I have to back down yeah like that's the point uh it is it is also tricky because like yeah champagne uh how are you going to move that like
you can't move that to Texas I don't think yeah but um Trump's Presence at the unveiling caused consternation at Louis Vuitton's offices in Paris Nicholas Gare uh Louis Vuitton's artistic director for women's collections wrote on Instagram standing against any
political action I am a fashion designer refusing this Association it's like kind of a reasonable thing to say he's not that crazy but yeah obviously uh there's a lot of people that work at lvmh that are not down with the magga Bros uh and so they're going to have a rough time uh
pulling Trump aside are no confided plans to make a major investment in the United States he didn't say what but Days Later lvmh made went public with a bid for Tiffany's the roughly 66.2 billion deal was the biggest acquisition of arno's career and with
Tiffany's flagship store lvmh now Flagship American luxury brand yep there's not really any can you think of any that the comp is cardier and it's not American brand yeah yeah and so I don't know who owns cardier but uh you know lvmh wait really yeah you're kidding no they own
both the most monopolistic thing like yeah like where where is yeah so so cardier is owned by richmont but Bernard owns a big stake in richmont okay wow so it's indirect yeah where's Lena Khan on this she's probably buying luxury watches and she's like you know what let them oh sorry
eies so actually I take it back okay break it down I was spreading I was just spreading uh misinformation the size of AR no stake when he when it when it when he acquired it was undisclosed erard holds it in his words as as an investment okay uh the thing is is Arno
has a history if you listen to the founders podcast episode he will just start he he'll want to buy a company so he just starts buying the stock yeah of course so this is what he does he's basically on his version of public just like gripping little checks here and
there dollar cost averaging in yeah yeah he's been dollar cost averaging in and um and and it's totally possible like he just doesn't even want to own all of richmont but anyways he sees it as an investment not uh he's never said oh I'm gonna try to take this over so he
doesn't have a controlling stake but he does have a stake yeah interesting yeah so yeah uh no matter whether you go cardier crash or Tiffany pek but it's interesting the money wind up richmont also owns Van CLE yeah which you know that are no it it's such a hot you know
brand especially right in this moment men and women are wearing it you know that um you know that he he wants he wants he wants it but then they also own like IWC okay PJ like maybe he doesn't want those PJ is great yeah I'm not a big fan of it I mean Good Pilot watches you know
can't hate them uh so let's see uh such a funny thing being a public company and just having somebody text you that says hey uh don't want to ruin your day but Bernard Arno just bought you know bought 6% of the company and we're hearing he's making other bids it is it is very very
funny um anyway so now that lvmh was Trump's tenant and Arno needed to extend his conglomerate stay into the brick building once the Tiffany flagship store reopened Arno wanted to temporarily move Louis Vuitton's Flagship into the brick building while its permanent store
underwent a a sweeping renovation uh Arno dispatched Alexandre to uh New York to become the number two executive at Tiffany on January 6th 2021 the same day that Trump supporters stormed the capital just coincidence uh by the time he left office Trump was widely
considered a pariah among the business Elites uh Alexander Arno was the exception the young executive and his wife died with Trump in 2023 at Mar Lago so for any of our listeners that are under five years old it's hard to even our our kids listen to this from
time to time it goes on in the house yeah people don't you know the these 5-year-olds don't realize that that Trump was a pariah yeah it's true just in in 2021 every like he would probably call somebody like Jeff Bezos and Jeff Bezos would just like not pick up I never need
to I never need to think about you ever again like been removed from politics yeah it was just fully removed and so the inauguration this time was just hilarious and that everybody came to kiss the ring and all these yeah imagine we talked about this with the uh you
know decision to deplatform Trump it's like everyone in that group chat was like yeah there's definitely never going to be any negative repercussions from this and then four years later they're like and then even even year later infinite leverage over us and then a
year or two later there's this really viral post that's continued to go viral with somebody saying it's crazy that we just deplatformed Trump and there was just like literally no consequences just like oh we just lose the election in a landslide yeah I
forget who that is but yeah it's it's great I can't tell if they were joking I think they might have been joking when they posted that but here knows but it is hilarious because obviously they were very serious consequences but not for the lvmh organization and the Arno family because
uh Alexander is a young man on the Move Trump wrote in a social media post at the time we were celebrating the deal we made uh Alexander Arno actress galado and Tiffany CEO Anthony Lew cut the ribbon at the reopening of Tiffany's flagship store in 2023 uh Louis
Vuitton's Fifth Avenue store transferred to the brick building turning it into a department stor sized Temple of Commerce love temples of Commerce uh giant sculptures of a giraffe and ostrich were added to the facade of the building very cool and so after Trump won the election
AR no moved Alexander to Mo Hennessy lvmh's drinks division which generates much of its Revenue as in the US uh who generates a lot of its Revenue in the US Alexander took over as the unit's number two official this month people familiar with the matter say he's being groomed
to eventually take the top job at MOA Hennessy uh the drinks business faces more difficult Straits in the conglomerates leather goods and fashion divisions drinks have much thinner profit margins making it harder for them to absorb any additional levies so we
got to keep buying Dom y that's really important we're going to save this company here on the consumer sign yeah and there's a lot of talk around who's who's arno's favorite boy child right and so the way that the way that he's sort of moving Alexander around the
Empire sort of training him up yeah presumably like he seems like the leading candidate for becoming the top dog but yeah again we're not exciting don't quite know yet and so you can't shift as we mentioned you can't shift champagne and conac conac production to the US uh I think legally like France
has rules that link Appalachians of wine and liquor to specific regions of the country and so it's only champagne if it comes from the Champagne region of France is like the it's like a legal term uh for now lvmh Executives have been carefully mapping its exports
across every Customs code category tracking their exact locations in the shipping process so the company can quickly determine its exposure to uh the moment any tariffs take effect uh and they're gearing up for more investments in Tiffany lvmh is spending 10 times
more on Tiffany stores than its previous owners and more than twice as much on marketing wow that's a huge investment that's crazy uh yeah maybe a Tiffany store in every in every every city in America whatever people say the Tiffany the Tiffany CEO Anthony LW says this is
shaping up to be a very Pro business president so they're coming out marking their claims Pro business should we do uh should we do some some jet battling the airplanes have been crashing it's been very devastating very sad fortunately no one was killed on the last plane crash uh
but it did flip over entirely and the wings broke off which is not good uh seems like pilot air they came in too fast yeah do you want to talk a little bit about you don't need to name the individual but but a pilot that we know was kind of breaking down uh yeah I'll
just read the texts uh this is hilarious uh so we're talking about the uh the the crash and uh my buddy who flies planes says uh uh he thinks it's going to be very stupid for the next five years uh have you seen the video have you seen the clear video of the crash the guy just
landed way too hard literally nothing wrong with the plane the weather looks totally fine just way too high of a descent rate which is crazy since you have way higher air pressure when it's cold clear day and Toronto is basically at sea level like bro these are
basically the ideal conditions to land a jet other than the snow on the ground but that seem like that wasn't a factor yeah because as soon as they come in before they even touch the snow the wheels just break off the plane and so clearly they came in way too hard uh and
and he closes by saying like if you told me what uh you need to land a jet what would your favorite conditions be to choose I'd basically choose these exact weather conditions cold clear day at sea level and so uh yeah what a what a mess uh very very silly and but uh anyway so this story
kind of ties into the um to the last one in some ways because Europe had been subsidizing Airbus and so this is just this great battle of commercial you know airplane manufacturers that's playing out uh and it like it seems like it's worked for them or something something's
going right at Airbus because the Airbus is it just that so many things were going wrong at Boeing yeah because it's possible if they were just not even executing that well but just like prioritizing safety durability of the planes and uh pilot training maybe maybe
the safest European just works I guess or maybe they're not getting brain drained you know like Airbus might be the hottest ticket in in Europe whereas in in in America you know a lot of the great Boeing people probably went to work at SpaceX Etc anyway uh the
European company started delivering the new aircraft the a321 XLR late last year against a backdrop of Manu facturing upheaval and financial strain at its American rival so far the XLR has racked up more than 500 orders many from Airlines looking to replace older Boeing
planes and can you pull up on public like just give me the size of the prize like market cap for Boe what's happening with the stock over the last couple years market cap for uh Airbus just to give me some ideas I'm G pull I'll send some screenshots to to Ben okay uh I'm
GNA keep reading and then you kind of do some deep dive in uh the jet success is one of the starkest signs yet of the diverging fortunes of the two companies with Boeing's troubles leading to gaps in its product lineup that are now being exploited by Airbus it is also a warning
of a bigger threat looming while Boeing is strapped for cash Airbus is increasingly investing an entirely new generation of aircraft that could shape the duopoly for decades to come very interesting yeah so one one thing right away with with Boeing sort of a
narrative violation but there's some somehow up 11 they're they're up 11% in the past 12 months which you just based on all the headlines like that you just wouldn't expect that they've had like a very Rocky you know they went they they they got you know badly um they badly
you know their their stock suffered obviously with with you know covid and everything like that and then it's basically never actually never actually fully recovered so they're still yeah they're still down from Peak they're down 27% over the last 5 years so okay
pretty meaningful dip on the other hand you have you know Airbus which on the you know fiveyear is up 30% so they're almost inverted in that sense so a American Airlines and United Airlines have chosen the airbus's XLR to replace their Boeing 757 fleets and again as a
consumer if I'm looking at two flights I don't really have that much loyalty to Airlines to be honest I just kind of like try to book yeah the best flight um the but I do kind of pay attention if there's two flights that are exactly you know pretty much exactly the same I just
go for the Airbus and so it's totally possible that that these airlines are saying consumers don't want to be flying on Boeing we need to adjust our Fleet yeah to fit their crazy because like yeah I mean you go one level deeper in the stack and like you know no one cares
that it's like oh this is a Rolls-Royce engine or like this is a you trans dime seat buckle but most people don't know who makes what planes when they get on a Delta flight or an American Airlines flight but it's you know something going you know something's going bad when
people start caring about who what who what the plane manufacturer is but it has been a mess and there's been a lot of negative uh press uh even though just on the safety statistics like Boeing is still like very very safe um but it just the the The Vibes feel off yeah uh the
new model the latest in its A320 family of aircraft has another Advantage it doesn't have much competition Boeing discontinued the 757 in 20 in 2004 and shelved plans to build a new aircraft that would have competed directly with the XLR in 2020 the US company's main
rival aircraft the 737 Max 10 is years behind schedule awaiting sign off from the FAA if if all but a handful of people are let go from the fa it's possible that that never appr no they' give it a rubber St because they're like hey we really don't have time to you
know deal with this it hasn't been all Gloom for Boeing the company in December announced a landmark order for up to 200 Max 10 Jets from turkey's Pegasus a car a carrier that predominantly operates Airbus Jets so they are flipping some people America Airlines also doubled
down its commitment to Max 10 with 85 new orders last March and Airbus isn't without its own problems supply chain issues have limited the company's plans to turbocharge production and meet booming demand in the wake of the pandemic this month Airbus said it was
delaying a long touted hydrogen powered jet H I had no idea they were even working on that anyway uh in the five years since 2019 Airbus has spent some 12.9 billion on R&D Boeing's plane making business has spent 8 billion so this an example like going back this month Airbus said it was delaying a long
touted hydrogen jet hydrogen powered jet you didn't even know this was happening clearly you know the reason that you know if you could go back and invest in Tesla years ago the the bull case would be like this is a big company very focused on Innovation
that's going to continue to try to reinvent itself and these Airline manufact you know these aircraft manufacturers commercial aircraft manufacturers don't seem like the reason they trade at like 2x revenue is because they have no real like they're not really showing hey we're committed to
Innovation we want to we want to build the next platform yeah and um anyways it's just it's just interesting to think about at a large late Stage Company people's incentives aren't their lifetimes they're like I'm here for a couple years or I'm here for a decade
I'm building my career but I'm later in my career maybe I'm going to retire in 10 years maybe I'm going to retire in 20 years elon's thinking like I'm going to run SpaceX in a thousand years and I'm going to be the president and king of Mars and so you know whether or not it's
true he's certainly thinking long term and that leads to a very different style of decision making than the guy who's just like okay to really get my retirement package or to get my bonus or to get my promotion I got to put out a press release about some fake thing and
get some Mackenzie Consultants to say it's real power jet oh we're delaying it but and then pump pump the stock a little bit and then pull back from at the last second and say it was actually never really a thing it was just a uh what's the term it was just an art
project it was just performance art performance art yeah yeah what if they what if they come out and say that the next press release oh that hydrogen jet that was just a bit of performance s yeah just a side project this is why boom Arrow could end up being you know
their recap could end up being like the best investment ever is because if they can pull it off then these big either Boeing or airb will have to come in and buy it or they'll just sell directly yes to the and for everyone who say oh Blake's probably like the CEO of Boom is
like is super diluted now like you know it's going to be rough for him if he really starts crushing and like delivering delivering in a serious serious way yeah he can reincorporate in Texas and do the Elon thing and be like I want 25% of this company and I'll and
I'll and and you'll give it to me if I hit you know uh 100 billion market cap and all the shareholders will be like absolutely because it makes perfect economic sense just like it did with Tesla and so uh you know if you're if you're a founder and you're diluted uh
you're kind of down but not out don't give up because you can always get back in the game yeah this is a new thing yeah wasn't the case for a long time yeah Paul uh you can imagine Paul Graham being a big part of that round presumably and the other investors I'm sure they were thinking we need to make
sure that Blake is incentivized to Triple down you know when many people would have given up already so yeah but obviously the investors need like Financial downside protection and like they need to own what they own um but at a certain point it just becomes about
the share price and you know it can be a creative to issue the CEO or the founder CEO a ton more Equity yeah in the sense that like yes you will be diluted as a shareholder but if the price goes up and you make money everyone's happy anyway um Airbus has been working on
lightweight airf frames fuel efficient engines and even folding wavs that sounds real that that definitely sounds like something that's going to happen hey we're going to have folding Android phones or we already have them the Natural Evolution is Wings
wor the folding wings are definitely coming it's right around the corner 2030 everyone says if you're ever in business and you and somebody asks you like oh when's that crazy thing going to happen just be like we're a few th days away you know they're basically saying that
basically saying the same thing yeah 2030 for sure it's definitely going to happen yeah if it's 240 it's no big deal no one's gonna be mad at you no one's going to remember what you said in 2025 in 2030 it's five years later it's a lifetime anyway uh folding wings that'll
be yeah maybe they should just flap them make let's make Birds giant Albatross birds make the wings flap flap wi flap we spend more time arguing orer right yeah exactly from D that'd be great anyway uh Boeing isn't in a financial position yet to launch a new
aircraft so they're kind of getting stuck and Boeing could get in a situation where their old plane sucks and the new plane they can't afford to launch it and so uh lots of risk around Boeing but the stock is up it was oversold and clearly people are you know
optimistic that something will happen here but uh let's let's figure it out it's not great when they're saying we've got a little we've got to spend a little bit more time more focus on getting ready getting the business back to generating cash yeah so that we have the
cash to support new airplane development that's just not good like how is the how how is the stock trading up on on just that narrative hey we're not making money we're $140 billion company nobody trusts our airplanes anymore boing CEO they're falling out of the sky like yeah
we we definitely got to focus on getting ready yeah I think what's going on here is that uh profit is equal to revenue minus costs and we need Revenue to go up while cost go down so we increase profit and everyone's like yeah so so just to give everybody context I I have the full
uh public page pulled up here on 66 billion in TTM Revenue they they've lost about 9 billion so rough um not looking anyway good luck to them hopefully they can go pick up some startups do some acquisition let those Founders run the company that's what I a certain yeah at
a certain point you just you want any great American company because Boeing in the fullness of time is a great American company yeah that said it clearly needs somebody like Elon I wish everyone always say that's the bull case for for Elon just having a bunch of children
yeah is that one of if we need more Elon no I I think we can get other people I would say the the Wild Card move they should Boeing how much how much cash they have on their balance sheet like a billion dollars they should just go I hope they have more than that they're
losing almost a billion a month they're burning a billion a month yeah I mean on the other hand people are like oh these AI people are raising too much money we Boeing's out there burning a billion a month if Boeing's burning a billion a month uh and you're only burning 50k a
month they've got Boeing has 26 billion on their okay take five of that go by boom Blake scha get in the CEO seat you're running Boeing now better plan you got to make better plans make them flap make them flap no no don't make them flap make them real make them good
it's not with the flapping I I want the like or ornithopter mode ornithopter mode yeah uh I I like this plan I think we can turn this around this is why we should have an activist hedge fund so we can come in start pressure maybe we got to get Billman
send Billman a post hey we're taking Boeing private we're buying boom we're putting Blake Shaw in the in the Boeing CEO seat uh crazier things have happened in the business world you heard it here first if it happens what are you looking um I just realized there's that Apple launch event
oh is that happening now uh Nelle in the chat says did we cover it yet we have not covered it yet if you want to print off an article or pull up some slides for us uh do that but while we're preparing for that next segment uh Jordy I'd love for you to take me through Nick Carter uh
and his uh and his post on Meme coins being unquestionably over yeah here's uh you know a lot of people over the last week have been uh saying our meme meme coin is dead uh there was a time that felt like uh nfts were just inevitable and they were going to take over the
whole economy and and uh I mean it just feels like meme coins are like the least dead they've ever been in history from my perspective because the president just launched one and so I feel like we're still like yes maybe you can call Top if you're really really sharp like
Nick is but in general I think for like normies they're just like whoa like these meme coins are like serious yeah and so well he actually gets into this there's some really good interesting uh so so the the the narrative within crypto right now are that Meme coins are
dead they're seen in these sort of uh extractive Zero Sum games right bology came out was like PVP these are PVP projects there's no value creation it's just value sort of transfer between people that are you know early and people that are later right and like
people that's bought and sold at the right time and the people that bought and sold at the wrong time and we've taken this stance we have said that launching a cryptocoin is or memec coin is low class and vulgar what would your mother say we've said that you know we
we we we we have generally been fairly harsh on on the on the crypto community and so and so the last uh and it's and it's interesting because you know even today a company that I backed at preed just announced a huge their second round from Andre and crypto uh called Universal
asset so like there's a bunch of good stuff happening in crypto but it does feel like meme coins had sort of the the obvious top was the president launching a mem coin and then kind of where do you go from there and so there's been a bunch of drama with the Libra coin from
the Javier who like just kind of promoted it but wasn't necessarily a part of it it sort of reflected poorly on him and then now this week it's been interesting Dave pornoy has just like gone heavy into meme coins just launching a bunch of coins and and sort
of getting on these sort of live uh Chats on on X and just like him you know looking like classic disheveled you know yelling at sort of cartoon uh profile picture you know people um but let's get into this post and we'll cover some of these other issues so funny that Trump
has to pay short-term capital gains on trumpcoin wow that's right because he was just selling into because they sold in like two days like it's like it's just ordinary income yeah 50% okay so Nick Carter says uh meme coins are unquestionably over obviously they won't fully disappear but the trade is
gone reason being the entire premise of meme coins that was that there were Fair launch opportunities where John retail had just as good of a shot at making money as the funds and VCS so for a while it was these sort of icos that were sort of public but they also had
some sort of more institutional capital and then you had uh these heavily sort of VC backed projects like salana for example like raised a bunch of venture capital before they ever were sort of widely available or distributed um and so you know after going through this era
of like VC coins that are getting by the time they go public basically on the Chain they're you know trading at these crazy valuation meme coins you could get in at $10,000 market cap and then if it goes you a million like you know you've got a you know ridiculous return um so
anyways this was the entire substance of the claim made by the mem coin boosters the coins had no purpose beyond their launch mechanic they weren't sold as a product in their own right but rather as an alternative to high fully diluted value VCB coins those have their own
problems of course but their issues did not make memecoins any more worthwhile and the mem coin trade was entirely based on a claim that was ultimately exposed as a lie that the casino was at least Fair it was evident that this wouldn't last and once meme coins became
a big sector semi-professional entities would emerge to cut pre-launch deals trade on Insider info snipe launches meaning like just buying something super early that you know is going to be big the quoted tweet dives into those details for all of Hayden sins and
Hayden is the guy that did the Melania token and then he did the Libra token he's done more to expose the corrupt meme coin sector than anyone else and he should be commended for that at least so he basically did a bunch of stuff that people are like what are you doing this
is terrible and then he went and talked for hours forto with coffeezilla and so the Malay coin was the most obvious example of this opening at a billion and and going up to 4 billion in minutes clear proof that people were playing a rigged game so presumably Hayden sold
you know basically sold a bunch of the token before launch basically saying that as soon as we launch this it's going to be worth a billion dollars yeah you're going to be able to sell into that and it'll go up to you know a multiple of that um Nick says but it's
just the latest in the series of unfair and botch launches the casino didn't take a slight Edge it was more like 9010 in favor of the house right um so where to now like just to make it very clear if it was 9010 odds in Vegas people would stop going because there just
wouldn't be the story it just would be way less entertaining and so Nick's entire thesis is if you're 9010 in favor of the house yeah people will just stop playing the game yep uh so he goes so where to now meme coins are cooked there will still be launches and probably some
winners but the meta is done crypto historically has always been about these metas right it was defi summer then it was like the nft boom then it was coin um and so retail will still be farmed here and there the little little pay pigs as some people as many as many are not extremely
online and unaware of how extractive the sector is but the countless codery of scandals and mcoin land will turn off the smarter investors and eventually the mass market so his position here is that uh there's there the people that are on X right now and on Discord and Telegram
and all these platforms they know that like meme coins are cooked yeah and they're now becoming way more wary of like some of these bigger projects in many ways like Trump like if you just bought Trump in the first 20 minutes of when he announced it you did really
really really well and it's crazy because I I feel like like in the retail sector like in in like in like Wall Street like there is a thesis for like uh okay the US government can give you a corporate bond or a Government Bond then you get three three to 5% or something
and then a large corporation like apple just makes money makes money makes money and you buy a share of that and they give you a little bit of the money and so it's very like logical there's very clear value creation there and then and then yes you do get the crazier stuff
where it's like day trading very rarely works out because it's so financialized and so professionalized that it's like yeah you're going up against Jane Street like yeah yeah right um pardon my language but uh and then but then on the flip side you have people
like Warren Buffett who espouse just like General Buy and Hold strategies that that do tend to work out for retail in for most people and and it does kind of work and with with the crypto stuff I guess something like similar does exist with just like stack SATs and buy
Bitcoin versus like trade meme coins but when I see the meme coins like I can write the algorithm in my head which is like set up a bunch of servers that are scraping Trump's tw Twitter and watch for any crypto launches if there's a crypto launch immediately go buy that
right thank you uh immediately go by that like that and and you could do that for Melania you could do that for Baron you for all these is talking about it's actually they're looking at the and see okay the person that did Milani is working on a new thing it's
probably big so let's buy some of that immediately or hey this thing just got created and $100,000 float into it buy it with size exactly exactly and so all of that seems super easy to to make algorithmic and so I don't know why as a retail investor you would ever want to
play in that unless you truly had inside information so anyway so Nick says meme coins are cooked uh second Point convention L1 L2 defi token launches will continue but I'm noticing funds and Founders shying away from high pre-launch valuations mindful that end buyers are wary of these high fdv low
float game and so what high fdv low float means that this is what basically the Trump trump coin right so there's like this crazy sort of fully diluted value in that if You released every token onto the market that would like if you if you if there's a billion tokens
um you know and this is the price this would be the market cap but then uh what they end up doing is there only there's only a number of like 20% of that actually circulating so it helps support the price I mean but I mean that happens when a company goes public and the
reason you hire an investment bank is because they're trying to do price Discovery in Road shows with large investors so they go to Stage Street they go to Fidelity and they say hey the company's doing here's the DCF here's the huge model we think this is where it
should trade what do you guys think okay let's do an auction let's auction off this block and then get and then unlock more of the shares like this has been a solved problem and somehow crypto reinvented it but the problem is is that like the whole point of an IPO is like typically to raise
money um so you're raising money you're offering to the public and then and then the reason why you want an accurate price is because if the price too is the price is too high yeah your cost of capital is lower you raise more money but then your stock tanks and everyone's
like your company sucks on the flip side if you price too low your stock pops but you're like hey hey we only got $100 million in our IPO and we gave up 10% of the company like what happened and that's why Bill gurley's always upset about that yeah um but the problem with
mecoin is that like you don't need the money for anything right like is there a point presumably like you know this guy Hayden yeah with the Libra coin managed to generate $100 million and what what Dave Porto was pressing him on is like whose money is
it like where did that come from and so he'd be sort of WAFF on that like like a good example would be like um you know like uber goes public they raise money yeah now they're public they can if issue debt easier they get lower cost of capital and so what is Uber they're
profitable now but if they need to raise more money they have access to the public Capital markets and then they can do things like try and build a self-driving car or hire a bunch of Engineers to make their app better like there's obvious things but like with a
meme coin like where the money doesn't go towards anything like the project is done as soon as it's as soon as it's shipped right like there's no there there's no so the price Discovery doesn't even matter yeah it's just it's just a wealth transfer I I the price the price is almost
function uh no like I mean that's that's Nick's broader point is that the coin's purpose was the launch mechanic and then the product is the price so when the price is good people love the product they're like I love this product and then when the price is not so good then
they they start to take some issue with it um and it's interesting so what Nick is saying is like these rounds are happening in the private market so I've done uh I've made probably fiveish Investments and sort of digital asset related uh startups um was lucky to be
in this company that that launched today yeah we Universal asset we we'll cover it in a bit I was like in the seed round of farcaster which is a billion dollar you know um protocol now um but over the last year I've been pitched these rounds that are that are this is our pre- toen
launch round MH the round is happening at $700 million here's the comps we think we're going to be able to go out at 2 billion it's like an easy you know multiple on your money like that's how these things are being pitched is a sort of pre-ipo round you only have to hold
you're only a liquid for a year and then you get this like quick you know potentially Pop um so Nick says next he says crowdfunding platforms like Echo will Thrive so echko is like angelist esque platform for the crypto World they do um effectively spvs they have
accreditation kyc all the stuff that's important for companies that their their narrative is like let's help these um private crypto rounds that are pre-t toen um be more Community oriented so enable you know 200 people to invest in something that in a perfect world
andreon would be like we're taking that entire round but people started to you know think poorly about these VC coins another interesting point this is this is a really interesting one so he says flight to Quality part of the reason meme coins were attractive was because
they promised nothing and were thus cons uh considered exempt from Securities Law yeah that's the thing with Mia token right like it's not like she said hey I'm issuing a token and we're going to build a protocol that will allow you to like get exclusive access not going to
earn from it there's there's nothing it's not a financial product it's just a it's a meme yeah and that's actually what they they don't even call it a token or a or coin they call it uh milan.com is now live or just a meme that's yeah uh so Nick says we have a
progressive SEC that is already crafting rules to allow for compliant issuance of tokens and presumably an equity light disclosure re regime for issuers this means that we don't have to bother with fake decentralization which is these protocols that are like oh we're set up
in the Maldives and then we have like our you know NGO over here in Africa that's basically what USA ID is getting in on this one um but anyway so the idea here is that these tokens that couldn't have fees associated with them because that would position them as like
blatantly a security um they they be able to actually return Capital to users in an interesting way and actually start to function more like Equity um because a lot of people would say like oh this token has to be worth money because it's connected in some way to this company
and they're worth a billion dollars and the reality is is like they're totally disconnected right the whole point of why you buy stock or preferred stock in a corporation is that it gives you a legal right to the stream of cash flows yeah like that's awesome it's like if
you own you know 1% of Burkshire hathway you get 1% of the profits in that they dividend out and now there's a lot of other structures that can happen the money can flow around a lot of different ways the board can vote to reinvest those assets but in general you have a
claim on the financial assets uh both on the balance sheet and in the and in the cash statement yeah so Nick ends on a positive note he says there's no reason to be upset a sense of Gloom and cynicism pervades crypto right now because memecoins in a sense were
considered the last Fair terrain where anyone could make money this illusion has been shattered he basically is saying the trade of the next few years is just to be like where is there actual sort of like onchain cash flows happening and just buy those tokens
right because then this fee switch can be turned on Y and you can actually earn you know cash flows based on your ownership of said to basically could be the end of crypto and mcoins are main now there's going to be less of the I just bought this token and now I'm worth $10 million type of thing
and more so it'll bring a level of if you you can you're going to be able to make money on chain y but you're going to be more like a day trader who's either getting Super Lucky taking a lot of risk or being highly methodical and taking the sort of long-term value
driven approach to investing so there there's going to be I think like the next meta is going to be crypto value investing where you're kind of looking at these protocols and seeing okay where is their income being generated on chain and how can I you know basically own that and compound on
it and I'm sure a lot of people do very well but it just looks more like traditional stock or Bond investing or alternative asset investing than well let's close out with this growing Daniel post and watch out there's some Bombshells in there you got a sensor
he's got a little bit of a Daniel says I think crypto permanently damaged Tech in weird ways just a huge influx of very uninteresting greedy RWS RWS and when crypto went bust they rolled into Ai and now every AI founder I meet except for a handful seems like total dimwits F
crypto man 10K likes so 10K now um view hidden replies for insane Crypt bot trash y absolute s word technology built by S companies for S Community it is funny that the that the Aver like that if you post a lot on X you're going to have even if you have
nothing to do with crypto you're going to have you know hundreds of messages a week from people being like hey boss I've got a meme coin I have a I have a bot that replies to every single one of my posts with some sort of like chat GPT spin-off but it always tries to steer
the conversation towards some salana thing that I haven't seen and so most of the time it just gets muted and I I don't follow it so I don't see the notifications but every time I actually click I'm like oh that's weird there's someone like tracking me uh yeah what
would your mother say lots of messiness uh go build something real uh do you want to go through goate do do you want to do okay yeah let's talk about a uh a a let's group a group of yeah let's hit the size gong uh go phenomenal poster as well um and uh anyways um so um uh so anyways gotier
I I ended up backing this team in 2021 so basically had to have been close to um or maybe 2020 even but like close tocade close to four probably probably four or plus years ago um and they have just iterated and made pivots they were starting building an onchain index and
one of the I think generalized issues they had was they couldn't really launch hard launch in the US you had they had to like make it available and a lot of crypto wealth is still in the US even though our regulatory environment wasn't friendly so they ended up kind of
evolving the business into what it is today which they're announcing um and uh so anyways I'll read it out so un uh un Universal doxyz Universal fundamentally improves how assets move and trade on chain you can now trade spot assets like uhu I think it is sui Doge and xrp
directly on your preferred chain without Bridges or centralized exchanges the problem is simple crypto is fragmented so many chains so many assets if you're trading on base but want exposure to something like Soul Doge or xrp you have to bridge or find your way back to a
centralized exchange this creates unnecessary friction for your users and severely limits which which assets developers can use Universal solves this with us assets WRA tokens that are backed one to one by verifiable reserves held in coinbase Prime uh each U asset can be natively
minted and redeemed on chain across any supported chain since going live U assets has already seen over 850 million in trading volume so that's crazy they seem like very uh pacing towards a billion dollars you know very quickly great uh Traders this can mean you can
finally trade 80 plus new assets without leaving your preferred chain no Bridges no centralized exchanges no fragmented liquidity uh and you can put your assets to work in defi this is really cool a lot of investors have experienced this before sometimes you don't really know
what your portfolio company is doing uh I certainly uh uh didn't fully understand the new the new uh development but uh you know they've evolved and and clearly iterated and and are building something awesome now so congratulations to goate and the rest of
the team they have just um I commented uh incredible showing of grit across a crazy few years because there were so many moments where yeah I'm sure their loved ones were basically saying all right guys hang up the hat like if you're in web pivot to AI a lot of
pressure like you gave this a good run but like it's over kind of thing you know yeah um so that's great for them uh very cool very exciting uh we got more funding news uh ceranic raised a $600 million series C uh from Andres caffeinated 8 VC General Catalyst alad
Gill little bit spicy on the timeline since uh Delian called aad out for aad Gil his whole thing is like the index companies he wants to buy the one company in the space that's the power law winner alad's obviously a a a a uh investor in anderol Andre's an investor
in anderol as well and now they're investing in another defense tech company but you know we'll see maybe there's room for two power law winners uh in this space but uh congratulations to everyone over at s and $600 million I mean that's a lot of money you know got toze gong for that Bo so congrats
toonic uh let's I just love to see solo GPS leading gigar rounds always just it's is the best always I love just seeing uh and it is cool I mean alad's point was that uh yeah like ship building capacity is way under way under we need more ship building and and
that's what Sonic's focused on um let's move on to uh the Humane AI pin is winding down did you see this uh HP is acquiring the team IP and software for $116 million we've been talking about this make printers great again we have a Brother printer uh it's pretty good but
it could be a lot better of course we have the printers the brand is actually called brother it's not just your nickname for we don't just have one printer we actually have three printers uh we have some very nice printers we have we're big into Prin the name is
brother USA by the way you want and so this uh yeah shout out to brother and shout out to HP huet Packard uh let's see I think it's funny that HP is known for like printers now because they used to be like the premier maker of computers I actually know someone who's
like uh a descendant of Bill Packard and uh it's oh bill yeah and uh uh I mean HP has an incredible founding story uh there was a uh oh who was it some some guy uh who fought in World War II or worked at uh World War II in mit's Radio Lab created Radio Systems to detect bombing
runs to defeat the Germans goes out to Silicon Valley teaches at Stanford uh and uh two of his students are uh uh Bill huet and uh David Packard and he's like you guys should start a company and they start HP it's just like massive massive company um but uh they have
acquired uh Humane Humane had raised uh maybe like $200 million they launched that AI pin that was kind of a problem in a solution in search of a problem didn't really get a lot of traction uh got it more it was more felt like a experimental cool art project it was
also weird because it was like AI was clearly tacked on at the last possible second uh because originally it was like they're Apple folks and they left apple and they're like we're making the next Apple device but every decision that they made with this pin was hyper aware
of Apple's monopolies and that created a very a very like uh compromised experience so it could it could receive text messages but they knew that they couldn't integrate with the iPhone because so there are wasn't it a different number yes you had to get a
different phone number so hey Jordy uh send me a text message and don't forget to save the other number for my Humane AI pin in case you want text me while I'm wearing the pin like it clearly makes no sense from a u ux perspective or UI perspective but it makes sense if
you're thinking like 25 steps ahead and you're saying well if we do integrate with apple over Bluetooth they will have complete control over us and we will never be able to defeat them and so clearly they were thinking let's not make just like a cool consumer hardware
company uh because there are plenty of those let's try and disrupt apple and so we have to rethink everything from first it just a mess yeah there was there was you could look at the hum so clearly very talented Builders designers like had a big vision and I love I love that
in general we're the ecosystem is broadly supportive of people taking these big swings on projects that are ambitious and maybe prone to fail right we want 10 of these to fail we don't want them all to fail but it's fine if 10 fail and one works but I want I want more uh uh uh
friend.com stuff where it's like you give a kid a couple million bucks and he goes and he tries to launch in 12 months not these guys were burning $200 million for like a decade and I care more about the time honestly than the money that's just so long it wasn't exactly 10 years
but it was a long time my main point with Humane is you could objectively analyze the Humane pin yeah and determine that it was never going to be a hit consumer product and the issue is that the team had so much time and money invested into it they had to like go put
on clown makeup and like go out and be like look like this is the next big thing and you could just consumers are too smart they're like wait it's a second number and and it doesn't fully replace my phone but it's sort of additive so I still need my phone y but
what like how am I going to actually use this just doesn't really make any sense it was Innovation theater it was they were laring as Apple they were laring as Apple literally dressed up like Steve Jobs did an apple style keynote and said all the words that Apple says except
that's not what makes Apple successful yeah what makes Apple successful is that they had first mover advantage to like a revolutionary platform the iPhone and then they locked everyone in so that it doesn't matter if they've just bumped the camera specs two megapixels you're G
to buy it anyway yeah and and that's just a different it's just a different business it's like a fundamental misunderstanding what makes Apple powerful it was validating for for me because at times you're like am I crazy why are the we won't name these investors but but
you're like why are these people putting in so much money and and you could say oh it's just a team bet you know they they they have some like real Innovative technology here and maybe that's worth something but it's the same thing that my my reaction to quibby which also you
know the thing about these companies that that have raised a bunch of money or super high profile they tend to actually fail fairly fast in the sense that quibby shut down was it months after starting yep were like in qu's fundamental flaw was they were like
everybody's watching these short form vertical videos we should shoot highly produced short form vertical video cinematic movies and TV shows not realizing that you're competing with every single person with a cell phone who can make more entertaining more topical yep and and you're competing
quibby is not competing with Netflix they're competing with Tik Tok Instagram YouTube um you know X and that's what friend.com understands anyone can find tune an llm anyone can go to llama and make the llm sound weird and so he's been making a bunch of weird decisions
that add up to something that seems differentiated and is not just going to show up uh in your in your Siri anytime soon speaking of quibby Blake Robbins uh if we go forward probably 20 posts um he says random thoughts turns out quibby could have worked if it had just focused
on soap operas real short is doing $40 million per month for vertical video I don't know anything about real short but people are saying this is a uh narrative violation one guy says too bad their output is pure slop but it's working which is really really interesting
they're doing 40 million a month 40 million a month real short never heard of it uh but someone figured out and cracked it and yeah I mean it's the same story with quibby and Humane uh too much okay but okay but these stories are like total slop so their new release
they have take me Hades I'm dying when her sister gets ba blackmailed by a ruthless sex club owner Dakota James is desperate blah blah blah divorce me One Last Time Haley buner a successful NYC CEO engaged to a billionaire politician is shocked to learn uh the air this is
another one the ARs and their oh wow the ARs and her possessive bodyguard so it's just like it's basically romance novels turned into these like seemingly like low yeah but so I mean this is a weird thing where where they were willing to do the thing what is the counter
positioning here against quibby Jeffrey kenberg who was the founder of quibby would not touch this for ethical reasons for aesthetic reasons and he missed out on a $40 million a month opportunity this is like basically pornography for in the same way that romance novels are
this this show is called pregnant by my tough daddy CEO which I don't even want to bleep all of that B all of these this is not family-friendly content uh is it AI generated or is it actually sh technically we don't know what the story is about it could be could be I I don't
like it The Vibes are off terrible Vibes terrible Vibes terrible Vibes uh Blake so now we know why they're doing $40 million a month what did it cost them well there's a good question what do the founders of real Schwarz mothers think about them because what's we should
reply and say Blake where should we start in the catalog yeah but that's interesting so the the thing is is like these these sort of like low class and vulgar novels sell really well these sort of Tik Tok uh book clubs and stuff like that people like this
stuff so slop sells anyway uh promoted post we got a promoted post from Porsche uh the 911 St this limited run vehicle is up for auction with the the entire winning bid supporting the Red Cross response to disasters through the United States now that's great because the Red
Cross we've been talking about this might go through a for-profit transformation which would be huge uh the auction is live now through February 20th in partnership with RM Souther bees sealed uh so obviously a lot of the viewers of this are going to be at
Souther bees probably this weekend and so uh take a look at this 911 St if you're not familiar the St of course is a manual analog essentially you know this is a Carrera GT level performance vehicle with uh true driver engagement beautiful vehicle highly recommend
picking this up if you're looking for a daily something to show off something to have to make your commute a little bit more exciting anyway let's go back to the a great just sort of commuter underrated commuter yep and so the Carrera te is out now uh a little bit cheaper I think 160 180 no no no no it's
way less I mean after you could probably get it up there with options but you can get a Carrera te for probably one raised the price though the old one yeah the newest one with the hybrid powertrain uh is uh is up at like 150 now the 2025 T is a starting price of 135 so yeah with
options you could probably get it to like 170 yeah uh but the St was much more limited much more expensive and I think it's because the S it has the Turbo S powertrain essentially or the GTS basically a turing yeah like a GT3 Turing yeah yeah yeah GT3 Turing
powertrain but manual and news Andries are airt posted don't work at anderol and we have a post here from Chris uh Becky he says the new social media intern at anderol is about to single-handedly land them a $500 million defense contract uh there's a couple posts here from anderol
they say got a tech job they get a tech job they said it'll be easy they said I've been soldering for eight hours straight oh sure I'd love to go help with the dive XL project flying from LA to Sydney and back in a weekend sounds great uh Matt Grim just said I should do
the murf with him in two weeks and he believes in me I've never done a pullup in my life whoever was working on ivas before me was really into Sword Art online and the and the ultimate Banger that got AK I think it's going up more says uh uh the intern John yeah whoever
ghost wrot these uh generational ghost riter really like genius uh you know can't say enough about them uh really absolute dog of ghost writing on the timeline might be in their Maybe Might Palmer just told me he wants a working prototype of the big robot from
Pacific Rim by Friday uh 8K likes on that and uh lots of good responses somebody says is drill working for Palmer lucky now uh Jason Leven says uh anderl is posting now this round is about to be huge and and they even gave a shout out to our sponsor ramp uh they
say hey ramp why does my corporate card have unlimited spending on American muscle car rentals I like that one I have fun with that uh R and ramp quote tweets it and says looking into this for personal reasons and of course the ramp Army comes out Jan says I think we
should change it to unlimited muscle car purchase and ramp says as long as productivity heard a good story so I have a family friend who operated a massive HVAC company in New York for decades and he he's told me just some crazy stories from that because imagine
you're working basically on the buildings and office and retail space of like all the most powerful firms in the world and so anyways wild stories but he said that uh he would get his Executives they would all get a company car and he would advise people gen they could get
whatever they wanted like within a certain budget range but he would advise you know generally like get a truck or you know something that and he said the the most issues he ever had was an exec that got like a a a nicer BMW sure because every customer started going
back to him being like why is your exact like like I'm clear like I'm not paying like whatever I'm paying you right now I'm going to pay you like you know 20% less because clearly you have way to so enough margin in here that your executives are like driving sports cars
to meetings yeah yeah I think the Andel guys if you're if you're working at Andel and you're traveling got to get a Mustang show up in the gt350r the GT500 the Dark Horse maybe yeah who knows uh yeah uh what else would be there maybe Camaro maybe something with a hellat the
new Corvette yeah ZR1 Z the new Z1 a ZR1 people are not gonna be like this is a muscle car this guy they're gonna ask you to renegotiate the contract at that point but uh but maybe uh maybe something with a Hellcat in there a demon Dodge Demon pulls up yeah 0 to 60 and 1.7 or something off
the factory line totally you love you love a track ready uh americanmade Factory muscle car uh but very cool uh love to see anderl uh doing some fun posting they posted a video uh which I think we can pull up Ben is that right you have that let let's throw that on
the stream and and and break it down Jordy what do you think about ander's recruiting video titled don't work at andal highlighting all the drawbacks of going to work at a defense tech company is that from an i we'll watch yeah let's watch I've been at andrel for what 3 months
now it's not the typical Tech job I was [Music] expecting my last 9 to5 was more like an 11 to 3 and I was working remote here you come into the office every day and they have you doing actual work where are the nap pots and everyone's going on about the mission it's like they're literally
obsessed with America but pretty sure this coffe is Italian the founder guy the one who's always in the Hawaiian shirts he's like always around suban tunnels are bunkers it's about using the entire crust of the Earth as a threedimensional battle space a new war
fighting it's really hard to make it in the current ebike industry because D small we make it div about 6,000 me totally autonomously the bottom any part easy shot but very cool a little touch it's not exactly business class I thought i''d be on my laptop at the
hotel pool I'm just surrounded by all these robots product demos they actually expect us to test our products in the field I'm more of an indoor guy myself sometimes I wonder how did I get here I'd rather just be sitting at my desk that's a good bfx shot too pry
this is so well done it's so well done I mean it's like is the is the whole don't like blank has that that's been done in a campaign don't work in and probably it's just built different I like it it's funny that they mixed in the the Zoomer brain rot terms like bu different yeah I mean clearly
you know targeted at like you know the the younger Engineers who are I mean the the classic andal pitch was like why are the best soft for engineers writing add optimization code like come build something important and I think that hits it really well uh pretty fun I love
I mean fantastic campaign I was engaged the whole way it felt like they could have done the same campaign in 30 seconds but they just extended it out they can probably cut it in a bunch of different ways I was talking about that like I think uh like it has like the the
patina of like Super Bowl ad almost where it's like something you could see almost before a uh like a movie it's like a it's like a one minute like cinematic like experience um but uh I think it works because andal has so much like credibility I think that that style
of AD probably is a little bit too much if you're you know a seed stage startup that's like just cont stuff that is I I have no idea if they I I I'm assuming they work with an external agency they have an internal team okay so yeah the cool thing is like
an agency would be like that's like a $300,000 campaign because it's days and days of shooting and you have like all the product shots in the field and then the stuff with Palmer so doing it in the house is very cool I think they can take that don't work at Ander roll campaign
and scale it out and do you're talking with the adquick team right like do do a a billboard on the one1 that says don't work an and roll and it has some crazy submarine Y and people are going to go yep you know um and it's just about like breaking that expectation of like
everyone's saying work at my company we're saying don't work and yeah it's a joke obviously you get it and there are and they are recruiting but it's just something that sticks out a little bit in the feed and even the first just don't work at andal post got memd and
went viral because it was like wait why are they saying that like that's weird yeah the counter people for it counter positioning is so key um it's funny uh speaking so counterposing everybody says join us on our mission andal taking the opposite approach don't work at andal if
you don't yeah if this doesn't sound exciting to you if you care about nap pods like you're not going to have fun here just self out yeah and then by definition they're another good counter positioning example so uh Allan control system which we've talked about on the
show before everybody was going for these sort of Lord of the Rings names and they were like we're going to go the exact opposite we want to sound like we're decades old like Allan Control Systems it's like just kind of random just sounds like an old Legacy company
Tot but then when Steve was on CNBC or some other um mainstream media channel I think like a week ago it looked very legit cuz it's like totally Steve from Allen control system are like oh what's this you know it doesn't sound like a startup so counter positioning matters a
lot even even with us like we love YC we like would love to you know figure out you know some stuff to do with them over time but uh with pmf or die is like the exact counterposing against totally um against YC just from the lens of like instead of make something people want
it's like make something that makes money exactly and and it's not it's not like taking a shot at YC it's more just like like hey there's there's a million like like Tech Stars is trying to be like exactly copycat YC and there's a bunch of different companies that are or
organizations that have just been trying to like clone it's like actually it's more fun it's more valuable it's more interesting if you try and differentiate and that's what andal is doing next to the Googles of the world which have been pushing for hey the nap pods are great
and hey the the work life balance is fantastic they're they're saying the opposite and it's and that is like the the spice of basically any great marketing campaign in my in my opinion is just uh finding the white space and then kind of going and exploiting it
yeah um let's uh let's move on to ad Qui since you mentioned them uh this is a little shout out they're head of analytics Ty Tinker great name uh uh head of analytics and he just Tinkers with analytics all day great nominative determinism I love it aming why don't
you try tinkering with your analytics once you uh run an ad quick billboard uh but he was on the SAS backwards podcast and you can listen to the full episode here and I think that'd be a great opportunity if you're trying to think about out of home you go listen to this
podcast and you see I mean the big question with out of home is always the analytics like how do I track any of this it makes no sense it's like it's like is it just brand do I just have to do it on Vibes uh well Ty Tinker the head of analytics over at ad has all the
answers so go check that out if you're yeah and so I was saying I asked Chris the CEO of adquick earlier how would you approach an andrel out of home campaign specifically around recruiting there some of these key areas where they could just like really scale up their
recruiting efforts and he said can layer any first party or third party behavioral data onto the map in adquick to find the best outof home ad placements to hit engineering job Seekers so it's not just about a lot of out of home is like we just want to be out in the world and like be big and
like you know get people's attention but there's a science behind it and like adquick integrates all that so it's not like you're calling up the owner of a billboard just saying like yeah I'll take your billboard for 30 days it's like let's actually figure out the
highest Roy most relevant places to be and then spending in those places so yep um they um anyways uh very cool well let's move on to VR uh something and is working on so if you want to work on VR you could go work on the ivas program which uh I think is very interesting I
was I was digging in a little bit more $22 billion C uh uh contract for ivas transferred over uh it only went live in 2021 so I think that there might be like 10 billion dollars left on that contract but then also it might get rebid and other people might bid for it but at the
same time it's like dollar am the dollar amount wasn't released from what I saw in terms of what and was actually capturing exactly but andral's pitch would have been even if they were bidding for it cold we're going to be able to do this for a quarter of the
cost exactly and so that means that hey if Microsoft was going to make $10 billion but it was going to cost them 9 billion to deliver that and capture that ACV then all of a sudden they're like hey this this this contract only has a billion dollars of value to us we will
sell it to you and I have no idea if they if they paid anything or what they paid but uh these contracts can change hands so it'll be interesting to see how that how that plays out but I can't imagine a better place just from I obviously I'm like not objective at all
here but just try to be objective like like you're doing VR for defense name a better person than Palmer like like I'm super conflicted here but like let's be honest like what other company are you giving it to like there's no one else uh this is uh our main advice for people is
get conflicted get conflicted yeah get conflicted get on the c table get on the c table and and then start Shilling uh pumping your own bags uh let's go to Tim Urban though uh because he is a daily active user of the Apple Vision Pro uh he says I'm possibly the only person on
Earth who uses Apple Vision Pro 20 plus hours a week as a writer it's just such a massive upgrade uh to go from a 32-in monitor to uh sitting on a mountain top totally immersed looking at a 50-ft screen there's just one problem the idiotic way Apple designed their headset
all the weight sits on your face this is uncomfortable and was on the way to making me look 80 years old so he had a friend who 3D printed a headset that uh that leads the headset to sit millimeters off of his face it doesn't even touch his face uh and so he says
Apple please talk to Jonathan and get your stuff together VR even with a big heavy headset does not have to be uncomfortable it's all in the design and I love this I uh I loved the Apple Vision Pro but I agree it was super it was super heavy and they need to fix
that and it seems like got got a solution the what they nailed design-wise was what people expected a VR headset to look like yeah but they but there were just so many like again that's not something that Steve would have let out the door users were like oh it's heavy on my head it was Pep
challenge product are you familiar with the Pepsi challenge no so Pepsi challenge was this campaign run by Pepsi in I think the late 9s early 2000s and basically what they did was they had blind taste tests with people like man on the street stuff so they'd film a
bunch of people come in and say taste Pepsi taste Coke and they'd give you a little like thimble full like two ounces of each people would taste the Pepsi and they wouldn't know which one one and overwhelmingly they would select Pepsi and what was going on was that Pepsi was
sweeter and so over a 1 o taste you would be like yeah I want the Pepsi because that tasted sweeter but when you gave people the whole can they were split much more 50/50 and sometimes even lean Coke because they were like I don't really want that much sweetness and so
pep uh I call I call the uh the Apple Vision Pro like a Pepsi challenge headset or Pepsi challenge product because uh it was an incredible experience for 10 minutes and that was the experience that most people had they went in they put it on and they were like okay I'm good or you give it to
your friend or you blow your grandma's mind with it that type of thing but beyond that it didn't be it didn't become a daily active product for many people and apple is in the business of daily active use you got to be using your airpods every day your phone every
day your laptop every day like they're they can't hard to build a valuable Consumer Electronic product if you're not getting daily use which is why Sono struggles because you can't set it up and then you just put it in a box and you know yeah well speaking of products
that I use every single day we got to talk about eight sleep and I want to show this ad that they ran with none other than charir charir Charles L cler the F1 uh driver uh he partnered with eight sleep uh he says the secret is out we are uh eight sleep says we are
officially teaming up with charl Clair who trust Aid sleep to power his performance on and off the track and this ad is incredible we are going to recreate this 100% I love how this was shot it's super high energy uh Ben can we pull it up and play the full eight
sleep uh charl Clair ad on our stre Trey in the chat goes charl sh a r l charl charl it's people see the races the speed the moments on the podium but what they don't see is what truly drives performance for me is the work of the track the preparation the focus the recovery sick sleep is the
foundation whether it's long hours of travel or intense backto back races staying sharp and recovered is what makes the difference so sleep on night sleep so quick you can tell the production was like a one day maybe two beautiful transition out of the sort of
tech online X bubble into one of the biggest Global superstars in the world 100% And and it also still has that like high paced frenetic social media VI real like Ping to it which I love it's not like oh they went to some agency and the agency said oh this is how you do an ad
with F1 it's got to be you know this really long- winded thing it's like no really fun to watch bunch of really cinematic shots uh you can imagine I can see the I can visualize the lens that they're using how the camera is moving that's just like handheld really quick
uh you know high high like fastpaced editing and I love it and I can't wait to recreate that with us because he says champion sleep on eight sleep and we like to say that podcasters sleep on eight sleep and so you should be sleeping on eight sleep everyone should
be sleeping on eight sleep so go and get an e sleep FAS product we do uh TBN TBN go check it out uh oh we got some hiring news from none other than Josh eframe uh he says today I'm joining LLP as special councel in San Francisco to support and advise Founders that are
forging a new tech Frontier building on the Frontiers hard think sectors like crypto AI hardtech biotech this is in part because the legal landscape can be complex and dynamic making it hard to navigate navigate he was a parad before an absolute dog he saw many Founders
struggle to find the right team of lawyers to help them navigate the challenges their business is face working with crypto Founders and investors on these challenges has made me uniquely equipped to help others navigate legal complexity yeah I mean crypto deals are next level in terms of
legal complexity uh it is not just the simple safe note and some stripe Atlas stuff most of the time uh and so uh kolie is a leading law firm uh supporting companies and crypto AI biotech and hardtech this involves a full Suite of experts in areas like
Securities and commodities regulation governance Finance hard and soft intellectual property money transmission and Commercial transactions just to name a few it's a privilege to have the opportunity to join my good friend and former Paradigm colleague Rodrigo Sierra
the team at kolie Works seamlessly together to support Founders on the frontier of crypto and Beyond beond and I'm ready to get to work I wouldn't have seen this opportunity or been equipped to address it without the support of the team at Paradigm the team at Paradigm
has set the standard of how to build on the frontier of crypto and their leadership on the legal and policy front is the best in crypto so congrats to Josh good luck on your new career as special counsel at kolie and hey if you're looking for a startup lawyer uh
this guy knows how to post so not many none of the startup lawyers I know are great posters so but this love to see it full breakdown he's on X you can go reply to this post you can go tweet at him and say hey him he's not going to be able to give you legal advice in the DMS
but you can sign an engagement letter and uh I'm sure he'd be able to help you out then yeah let's go to vanta uh uh Sage Singh says trust vanta wow thank you for this generous gift it says a gift from your friends at vanta and it's a couple of uh Valentine's Day candies yeah
it doeses look like drugs but they are in the compliance business so I imagine it's not drugs um and people are kind of like L that's so generous of them and it's I think it's an idea that it's the world's smallest gift but it's it's kind of a cute idea to just be like like what
was the actual I'm trying to remember day Valentine's Day thing you get these little what do you expect from your sock 2 compliance like uh you know paying for compliance not you know it yeah they're not going to take you F1 on box at F1 on on uh will do that too yeah maybe if
you're a big client but yeah I mean it's nice they and I think this is underrated that uh hey uh come up with something cute and fun and send it to every single customer you have especially if you have high L TV you know every vanta customer is probably making them thousands of
dollars so you can afford to send a couple bucks to every single person send a package uh send a t-shirt to every single one of your customers if you're in a B2B organization sure if you're a consumer and you know your customer makes you 10 bucks you can't send them
very much free stuff but uh better than just an email better than a uh you know uh I don't know just like a discount code I I think it's interesting uh kind of you know didn't go viral for the wrong reasons didn't go did did wasn't actually a fiasco for them kind of it's
cute I like little gift yeah and it's funny that they have this cute little llama uh as a mascot and yeah I like vanta I'm down I'm I'm into it uh speaking of other Good Vibes Rahul zero interest rates post pictures of evenings at Julius and he posts this at 10 p.m. and it's just uh guys being
dudes hanging out in the office I love it and Raul's really gone on to step back from posting and meming and trolling and just uh you know wind up building a business EV EV focused on focused on grinding so we'd love to see that well every time you post R if it's
PG we'll cover it here absolutely and you can always go back back into the product manager archive and see some absolute bangers account here's the hack to find the the top the top bangers you just go in a uh go in a new tab in Chrome that's that you're not logged in
and just put x.com their username won't work for him because he's locked his old account locked oh his old account is locked all right well he's still got bangers on the new account truly archived uh but some of the greatest posts of that era came from him yeah uh
he was he was a fantastic poster and still still got it but you know much more focused on business these days but we love you Raul and good luck on the next feature you're pushing or the next higher you're making or whatever you're doing next uh sa sore who's been on the
show before says how the F am I supposed to consistently down 200 grams of protein every single day without structuring my entire life around this I put this in because I feel like you have really good advice for this you're always having some little protein snack
we ate burritos right before this as we typically do yep I mean easiest way is to uh look Blake I have the pmf or die stream up here Blake is just housing uh what looks like raw milk so that's one way just just just don't drink water and just drink raw milk instead I can't I
can't pull up the old data but uh yeah I mean you need to eat uh buckets of chicken and uh I mean one easy way to get this is uh a a single uh David protein bar has 28 gram of protein and something like 110 calories it's like uncannily crazy ma macros uh so yeah eat
10 of those a day boom done uh but yeah you got you got to go uh you got to figure out where to get the the massive amounts of protein uh you know six eggs in the in the morning we we talked about this we're going to start slonking eggs on the show John's never sled before I'm a slon
Enthusiast uh we got to get it's it's also eggs have become such a status symbol such a you know a safe harbor for wealth recently yeah uh and uh I think just having like a 36pack carton here that we're just slonking I mean Gabe right here he says uh pretty easy you
have 16 you have 16 waking hours uh you need to eat 12 and a half grams per hour that's only two eggs set a recurring reminder on your phone at the beginning of the hour eat your two eggs you can cook the 32 eggs the night before they'll fit in regular size cooler which
you can carry with you wow 8,000 likes on that I didn't realize this was such a banger 64,000 likes on this post wow sa killing it dude good job uh very very fun post and yeah you got to get your protein up you got to get one gram of protein per pound of body weight at least and so yeah a
lot of steak a lot of chicken a lot of broccoli and a lot of eggs I guess simple uh let's stay with s sa because there's another good post here uh some ideas for huge value ad quote Tweets in case anyone needs them uh you want to read some of these they're pretty funny
yeah so if you ever if you've ever ever had a post go really viral you're basically going to get people that that are quote tweeting it and adding their own little spin on it so these are typically some some ways that you know if you're quote tweeting something throw
these in fascinating big if true 100 emoji interesting wow rocket ship Target worrying hm question mark ex exclamation point be sure to use these a lot people will really appreciate the value you add um kind of an Elon sub tweet but I genuinely think this there is when does
it it's value ad your phone goral it's curatorial because Elon knows there's a lot of followers obviously he has a huge boost in the algorithm and so what he's doing is saying I want everyone on X to see this post and I'm just going to quote tweet it so that it goes in
Because by the way retweets don't really work anymore they just don't go out so instead you need to quot tweet with something like this and so uh I I think this is a great strategy for growing your account just become a curator everything you see quote tweet it throw
it in the throw it in the timeline I think you're going to wind up seeing a lot of growth honestly uh and that's just the meta and you got to play the game on the field unfortunately or fortunately you know uh don't complain it don't hate the player hate the game
or vice versa what is it no don't hate the game hate the player I don't know anyway we don't know at this point speaking of uh bezel sponsors I don't know there's no transition here but we love bezel and bezel has been killing it on Ax I'm so excited about this uh we've
been talking to them they're obviously a partner on tvpn and we're very happy I have a watch coming on bezel jordy's watch he bought on bezel and we recommend everyone install the bezel app and uh pick something up and they do these amazing deep Dives here on individual watches that are available
for sale on bezel and this one today is about the discontinued pek Philip Nautilus it could Finance your house or at least a very very nice vacation here's what makes it special it's complicated and to be clear this is like a this is a $100,000 watch yep
so yeah it's it's very POS you know it's a lot of money couple weeks a couple weeks at Aon is is you know basically equivalent so that get get an idea of the value here uh beyond the standard timekeeping functions you'd expect from a sixf figure watch the reference number 5721
a-001 boasts a date moonphase and power Reserve complications will you use them every day probably not but bragging rights don't come for the asking uh just like the most sought-after executions of the Gerald Genta designed icon uh this outgoing Nautilus features stainless
steel construction if a standard Nautilus challenges convention in steel a complicated na Nautilus turns the wow factor up to 11 um at the heart of this showstopper PCH Philip's micro rotor equipped caliber 240 PS irm clu translation for the non-at pilled a
comically drool worthy self-winding mechanical movement of the highest quality the stuff of Swiss dreams production of this reference has officially ended meaning the anti just got up on its collectibility Factor if you're still waiting by the phone for your ad to call you might be waiting for
for a while I like it so uh go follow bezel and download the app and start uh curating a little a little wish list because uh you know the uh that secondary sale might hit any day now and uh or you might hit some sort of thousand bagger and need to upgrade your
daily driver real quick uh get on bezel there's a bunch of options at every price point and we can't recommend them highly enough I've it's been a wonderful experience they have a little like Domino's Pizza Tracker when you buy something shows the person mailed it into them for
authentication then they mail it to you it's all very seamless you can pay with wires which is so key normally if you're buying a watch you know from some random dealer you send all this money and then you're just like fingers crossed fingers
crossed it's coming so yeah so it actually goes into escro properly and uh and you can even uh so they have auctions as well and those are extremely tempting because you see these watches and you're like that's like half half of course so by the way Justin May's former
brother of the week just messaged me and said or messaged us said talking to a hoodied man uh at bezel about buying a $100,000 watch thanks for the intro so he's talking with Ryan right now uh so the good thing is like watches are considered purchase you can go on bezel
browse buy stuff but they actually will just let they'll talk to you which we recommend because it's like you're basically buying you know potentially something that's car priced you know yeah as like like a car so having somebody you can talk to is great and
anyway so funny that excited to hear what he winds up with that's fantastic news uh that's that's great news and then let's uh let's do Joe weisenthal uh the stalwart over at uh Odd Lots podcast on blueberg he says imagining Twitter right before the asteroid hits have you been following
this asteroid news at all yeah yeah so I mean I'm going to go out on a limb is is NASA is like we are getting doed it's coming yeah how do we protect ourselves against that every single day just say there's a 1% greater chance eventually it's going to be like 99% chance we need
NASA to save us like fund them so I think this is a survival tactic I think it's too conveniently timed and why are you getting why are you you why are you 100% off week over week on the probability of something hitting interesting hitting in 2030 yeah right
they also just picked 2030 out of the Hat oh is it 2030 I thought it was like 2025 or something uh NASA oh 2032 yeah uh NASA says there is now a 3.1% chance of an asteroid that an asteroid will hit Earth in 2032 up from 2.6% yesterday this is the highest risk assessment an
asteroid has ever received surpassing 2.4% in 2004 and Guru uh guu Viper Says can we bet on this poly market and poly Market says yes of course and Joe eisenthal says imagining Twitter right before the asteroid hits a furious debate about whether prediction markets
did a better job than the formal modelers and the and the degree to which the former could exist without the latter of course referencing the uh the election uh and so I I thought that was just a very very funny post because uh of course people would be debating about
that and betting on it right up until the end but I think we're safe uh NASA actually has the bull case is that they've done asteroid deflection before and so uh this this model does not take into account that they might just send a rocket and like blow it up basically
yeah uh which would be a good outcome and fortunately we have what seven years to figure it out that seems veryable that seems very doable uh we might we might have you know thousands of of Starships up there by then who knows um you could you could start a new company
today for Asteroid Defense and big opportunity and and you want to be a hero if you want to be a hero M character every 15 years start an asteroid defense company y we'll back it yeah it' be great uh and so we got another post from Wander their designer has been on a tear and this was
interesting because I I haven't list I've never actually listed a uh uh a property on wander but if you have a uh a vacation home that you want to rent onto wander to other people uh their booking website is just the tip of the iceberg they have a whole management
platform and the management platform is crazy uh it's integrated with all sorts of uh IAL URLs and smart home things so you can generate new access codes for the garage door so that when someone comes in they have a bespoke code that only works for that amount of time and
so they've done a lot of work to help uh property maners greatest Trad one of the greatest trades you could do right now is say there's a ton of competition for nice homes on Airbnb because there's this huge range and if I if I go and partner with a wander I'm going to get a
much better guest experience that I don't have to manage it all yep and uh less competition because wander at the moment they don't have at the same amount of density they might have five homes in a specific market so you're sort of um and they're working with the
technology Brothers to drive the demand side too so we're here to drive supply and demand yeah uh but and I liked this picture if you're looking for inspiration for where to stay if you want to be a guest at a wander uh the next photo is just this uh this crazy modern box house with a beautiful pool
and a really wide open uh door great for entertaining I thought that'd be a fun place to stay so uh so go surf on wander tell them the technology brother sent you and uh that's pretty much our show for today uh our producer Ben is a little under the weather so wish him
well uh thanks for being a trooper Ben we really appreciate you helping run the show today hope you're healing up soon and uh leave us five stars on Apple podcasts and Spotify leave us a review uh with an ad and we'll read it on the show send us DMS tag us and whatever
else is going on and uh you can kick on over to the pmf or die stream now if you want go lock in go lock in it's time it's enough entertainment and news for the day yeah time to lock in thanks for watching everyone thanks folks have a great day see you tomorrow see you tomorrow