welcome to technology Brothers the most profitable podcast in the world Jordan and I just got back from hereticon in Miami we want to do a uh an overview a deep dive uh when did you actually get in to Miami got in Monday got back yesterday pretty sure there was uh apparently the World Series happened
yeah uh there was 100,000 people on the streets outside of the studio today and uh not even they could stop us from recording today nothing us too much to talk about it was like a crazy time for Stuff happening and I was completely disconnected from it like I didn't see anything about the World Series I didn't
know the World Series did you see what happened in the stock market while we were there like everything ripped Bitcoin went above 70k as soon as her reticon was over everything crashed yeah classic makes sense it was like The Vibes we were just like summoning all the capital
allocators together in Miami partying away fromal people just get offline like good things happen no one can sell all the biggest hitters were there and they were all drinking and partying so they couldn't sell so the market just ripped and then they got back and they were hung over and they were like actually I
need to hedge hedge hedge worse worse worse uh what was your favorite like moment or did you come away like with any like interesting takes the main thing for me was that at the first reticon that we there was some alien stuff and I didn't really buy it I'm buddies with Jesse Michaels who's like
the the main aliens guy and he hosted a talk uh with this guy Carl Nell who I think is gonna be like really really big soon like Joe Rogan soon and uh it materially updated my my like expected value of aliens being real yeah now I probably went from like 3% to 10% but it was good mostly just because the guy
that Jesse brought this guy Carl Nell he speaks he's not like the strung out hippie burner guy being like Oh yeah I saw some stuff and it's like okay you were probably on drugs and that happen he's like straight up they test for in in the government like in his like uh in his like World they test even for like
ibuprofen because it's like you have the button you have the you have your finger on the button like the nuclear button so like they they need to know everything so these people aren't on drugs and then he puts things in terms that I think tech people and Skeptics like me can
understand and actually open things up because like the classic like Tech person defense of like aliens aren't real is just like well we're listening we have the SE project and it's quiet like there's no one's broadcasting and we and we're broadcasting right but his point is that actually the SE program
does not broadcast yeah we assume that we would broadcast because we broadcast television like I Love Lucy I Love Lucy once we got to like the 50s I think we started broadcasting with these really high powered satellites or these dishes they go out and they should be findable in deep space and so you would assume
that you know aliens really far away they got I Love Lucy you know a million years ago and we should be able to get this but his point is that we have actually humans on earth have stopped broadcasting because we switched to using fiber the perfect show to send up serious yeah yeah yeah yeah we we should
broadcast even though everyone gets it over the Internet which is fiber and starlink and satellite internet and the SAT I want to send it into deep space yeah that would be so traumatizing yeah we listening they're like what about the timeline yeah yeah yeah so he he was good at like bridging
from like the dark forest and then providing a bunch of evidence and so Jesse is like very convinced now and I I think it's good and he's also like super straighted now so that makes me believe it more yeah that I feel like we we were trying to be cognizant of that with our
talk of like dressing nicely you know our anybody that wasn't there talk was on you know the case for performance drug use in Silicon Valley and so doing any type of talk about drugs we wanted to make sure that we like looked you know presentable uh and I think we did I think we were probably the best dressed
people that day I mean the whole thesis was like we need to go back to the Madmen era of the 1950s where there were an intense amount of neut Tropics consumed alcohol was drank at work caffeine was drank at work they were smoking using nicotine constantly in the office and now we've turned like the all
of technology has turned into like oh like you need like some stack it's a neut Tropic it's like no it's just a drug and it's cool to use it at work yeah you basically want to short the companies where the founder is like even thinking about what their stack is versus the founder that's just like Flow
State ingesting uh but um yeah I guess two things that stood out uh that were interesting uh the talk that most stood out to me was um I mean there was a lot I wouldn't say it was the one that stood out the most but it was the one that um that I think would be interesting to
listeners so Brian Johnson gave his like don't die speech uh and talk uh I think it the thing for me was realizing that he put so much uh content out there about like his you know basically his like penis right because it's like the perfect like Leal viral thing um but there is an extreme
level of death depth to uh death extreme no extreme level um extreme level of depth to what he's talking about and uh I think it's a lot more interesting than just the surface Lev level like billionaire spending money on his health um one thing that I think the audience reaction that was
interesting I think like 50% of people were like this is super cool I'm going to download the app 50% of people were this is a death cult like of the 20 you know of the of the 21st century like this guy every single person that's ever had a death cult was like this sort of like charismatic figure who's promising
we're on the precipice of something very significant which in this case is AI and you need to figure out how to learn live forever and we're all going to live uh forever together and his example from the talk was that he he said something to the tune of of like what I took away
is like basically he's creating an algorithm that tells you exactly what to do all day long and his big pitch to the audience was like would you use the algorithm and some people were like well what if I want to like I'm hang out with my friends and having fun and the algorithm says go to sleep yeah he's
like would you do that and he was really just like sort of trying to find this you willing to do that cultural ground and then the other thing that was funny is um wearing a make America great again hat was like the most non-c contrarian thing you could do I was think where I I shouldn't give a blanket statement but
it felt like most of the the most Normy people there were wearing that make America great again hats and Delan was not Y and Delan is the guy who like 3 years ago was getting herous like that was it was like six years ago years ago he got canel on Twitter horrifically canel just as like he didn't even
endorse Trump at the time it was like it was like a performance art piece just to see what would happen in San Francisco and there was a big backlash yeah in fact the most the most heretical talk that I heard on politics was the case for KLA Harris which is very interesting and it was present kind of trollish way
yeah yeah the most the most but but there actually was in that talk like very serious criticism and very like like a deeper level of analysis around the flaws of Donald Trump than I'd seen elsewhere certainly in like the media which I think was cool and yeah the most triggered I saw anybody was maybe Max
Meyers after the Dell talk where this guy was basically saying and he was just like like like basically rattled um we do have to respect chadam house rules to some degre but um and uh yeah another favorite moment like David senro would show up and then like every 2 hours he'd
be like all right I got to home like edit the podcast and I like never knew if he was just like this is getting like too crazy or he actually just had to get home and edit the podcast yeah I think he just likes you know hanging out with a small group of people and when you have like 500 people packed in a place
he's just like what's the point you know yeah the real hereticon was on the 14th floor yeah I mean that's how it always is I mean last last time I met will which is the reason I met you was because of Heron and it was all just because we just sat at a dinner table together is who injured us yeah that's
so funny will introduced us and I met him at hereticon and and he he was telling me like oh yeah I quit smoking with Lucy and and and afterwards we were just like yeah we we like got along really well really well and we just had a really good time got put in a couple like group chats together and stuff and
then it just kind of like continued from there but yeah um there's always uh like that type of connection is like much more valuable in general I mean all the talks it's so odd because of like the vibe shift there's not that much stuff that it's like oh If This Were to leak
like it would be it would be career ending for them like most people have kind of sorted into organizations it's not like they're like middle manager at some like tech company that is actually going to like have HR and compliance be like hey you can't be out there most of the people that are in attending are
like either running their own company or aligned with Venture Capital firms that would support them or like they have a big following on the interesting thing was there wasn't that many people that had to put in like a PTO request to be there is what I would say there was handful of people that had to put in a
PTO request and were on like a vacation Miami but then most of the people were just like that was work was like some of the most prod that was some of the most productive days ever and we were very much working 100% working um the entire time um yeah but yes because of the vibe
shift like there there aren't that many things that are like oh this person like said some something that like if if it got out it would be really bad it's more just like there's somebody putting something out there and they're laying out a little bit more of a rigorous case for aliens or something like that and
it's it's on you as the viewer to just kind of say like okay I'm I'm getting another like another ball is being thrown at me like am I going to swing at this one like do I believe this a little bit more a little bit less and so the the ideas are like not controversial in like the you can't say them realm as
much as controversial in the sense of like 50% of the audience is like I'm not really into this or whatever like you made the case for like like Brian's thing is like it's somewhat authoritarian like a lot of Libertarians like that is a that is kind of a like a debate point for people even if it's
like he could talk about it publicly and it's fine because it's not that controversial to talk about it's just like it's an idea that not everyone is down and that's why it was split 5050 and that's like the ideal scenario you go into every talk and and people come away like even at our talk people there
were multiple people that came up with with after us and were like no psychedelics are great and our basically our pitch was like no psychedelics are terrible yeah um and it's just it's just like I think that that's that's kind of like what her heretical meant this time
around as opposed to last time it was very much just the only place in the world that you could go at that moment and say whatever you wanted because Elon didn't own Twitter yet and there was still like massive like interesting how I mean if if it was the most unique event that I've ever been to and look
truly yeah an amazing product thinking of it as like a product of like and it you know but um but it's it's one it's interesting like would it ever have existed if if Twitter wasn't where we all were having conversations but couldn't say things that we wanted to say and and Co I mean I know Mike was
planning it before uh before Co hit but once Co got really bad that really like Amplified it and made it like it was the first conference that 90% of attendees had been to since the lockdown started and it because it was just like there was everything was cancelled and hereticon still got pushed a few times
the first time but then yeah eventually happened and it was like this big celebration of like okay and and the vaccines had actually dropped so it wasn't that dangerous for people who were down with that and so it was a little easier but still companies weren't like all all of the big Tech
conferences were still virtual yeah one of the things that was cool and maybe under discussed to date is that there was this really good combination of intellectuals and people that were focus on Theory and people that are technologists Business Leaders investors that are much more pragmatic
and so I went to the talk on terraforming and ended up talking with the guy that hosted it afterward and I was like cool you know his his his high level point was there's these Point there's these depressions around Earth which are below sea level so if you just get water to them you can make these
huge lakes or Seas or whatever Y and I went to him and I was like okay cool what's the next step and he's like I don't know like I just sort of like talk about this like terraforming is like my things I just talk about I'm not the guy to actually go and do it y so I very quickly like came up with a strategy for
one of those depressions which we can talk about off air okay cool which was basically like to buy up a ton of land around that specific area sure for nothing because it's worthless right now and then go spend like 10 times more money lobbying to get water to that place and there's like a really
interesting Arbitrage where like you could turn like a hundred million dollar into billions of dollars of value just through this like weird mechanic so we're going to talking and like see if there's yeah yeah yeah the water rates thing is fascinating goes back to like Chinatown like fascinating movie like
how La wound up with water rights but uh I remember um there's a politician who was saying like like we like all of Nevada New Mexico and uh Arizona could have like way way more water if there was actually like a technological solution which is nuclear power desalination in California y so you have
the ocean unlimited water y nuclear unlimited energy you put those two together desalination is really energy intensive so it doesn't make economic sense now but if you can do that then you can route the Colorado River back to kind of where it should be basically uh and then and then all of a sudden the
the Southwest becomes not like a desert anymore it just becomes like lovely because there's just water everywhere um and there's just like so many other little plans like that obviously they take a long time but like with the right combination of like technology lobbying economic incentives and and like tyeen
you you did come away from it feeling like the biggest plays in the world right now from a business standpoint combine technology with lobbying yeah it's interesting the cuz like the biggest opportunities in SAS like even AI is like lobbying driven right now yeah also just the fact that like a lot
of these are like like there's at least one idea there and you kind of got to hunt for it that like will become consensus like this is the whole idea of like contrarianism which is kind of hereticon just like a different a synonym um uh is that like the attendees for this one will just be like the
entrepreneurs for the next like two decades and and everyone will be like oh like why is that guy here his thing's not contrarian anymore and it's like well yeah but you're not just going to stop working on it like last hereticon I gave a talk on nicotine is good for you right and this and this year like I was
like I'm not just going to run that back because like everyone knows about that like that's like super Normy at this point and same with like the andal guys like if they were just set up there like we should build a defense company like it's like okay dude we get it but at the
same time you don't want the andal guys being like Oh I'm moving on to the next hot thing because I just care about doing contrarian stuff it's like it's okay that they've gotten that they that they they did the contrarian thing they they they took the bet they were correct but now they have to go live that life
for basically ever and that's good and that's the way it should be but it lends itself to this like give me a newer hot take and it's like okay like you can I'm sure they have good ideas but it's not always going to be as big as like the one thing that they becomes to life work right yeah the
contrarian thing from this event that will become mainstream is goo goo F's goo is that Volta John F from the fiorentini family yeah fantina family fantina family um they made their money in Hospitality right yeah yeah and he I mean we talked about his his his like prolific hiking regimen yeah six
basically a lot of people were starting to skip the coffee Theo and would be people running around really wired 3 4 a.m. off the goo and you could just see this crazy look in their it was almost like it was almost like a Divine spark in their eyes yes is it the collagen the colostrum the
caffeine yeah we don't know what it is it's Comin sacred combination and he talks about something that is interesting is like there's no difference between invention or Discovery and so this it's this thing of like did he create goo or did he invent goo did he discover it are they all the same thing but by next Ricon well I
think we'll figured that out interesting uh I'm bummed that py couldn't make it but did you see his tweet was he having a child how on Earth did he I think so something like that but he he said uh I sadly didn't make it to reticon so here's my talk we should flip these lines and it's the amount of
venture capital investment uh year-over-year and then the amount of charitable GI and the charitable giving line is much higher than the Venture C so that that by itself is like we probably shouldn't even talk about it because it should just be a talk at hereticon that just becomes like a normie like thing that uh
you know if it if it ends up being you know World positive yeah I mean that's the fascinating thing about uh all of the uh like climate funds not even even the climate VC funds didn't do that well there was a big I think it was Kleiner Perkins had a big push they had a fund
that was uh what what was the term back in the day that almost like destroyed their brand for like a decade it was it was tough I mean Al Gore became a partner there isn't that crazy he's like hanging out there um but I forget what it was called there was some there was some term for this like green investing
or something like that that was like really popular but Tesla was not considered in that category but if you bundle Tesla in it then the returns go great exactly and so it's like there's all this almost like this misclassification that soles not even that just like you know if you were like starting like okay
we're we're an we're an internet infrastructure fund like do you get into the seed round of SpaceX yeah yeah no yeah the the um but you should I do think that VCS that are not there that are feeling fomo should probably feel an order of magnitude more fomo like I'm not I'm not kidding like
they're when the event was very expensive yeah but I guarantee you it will result in a massive return for Founders fun and the other VCS that were there right CU like there's people there I wish the missed opportunity was getting a photo of the entire group oh yeah because it would it just look like
the it's the most eclectic group ever like a lot of like kind of strange you know a strange mix of people yeah um and you could look at that picture 30 years from now and be like this guy like annexed Cuba and like this guy like this guy guy did a hostile takeover of SpaceX uh I liked uh Palmer's tweet what was
that what did Palmer say he said Heron was so good Banger after Banger hit after hit as if all the best threads on forchan came to life but with a level of mutual respect and discourse lifted from the best stereotypes of Victorian Explorers Club no it was one there was a
conversation that was being had and senra kept saying like what does that mean like what does that mean yeah yeah and they were all like forchan slang and he was just like what like what what's going on right now um so delightfully offline with his like book reading that's why that's why Founders
is what it is is because he does for you he's not well yeah he's focused on things that were written mostly in the 20th century and that's why there's so much Alpha in the podcast if he was extremely online like refreshing the timeline like the podcast would not be he would not be who he is and so I think
that that was a cool thing like everybody there is like authentically themselves and I didn't feel like most people weren't there the only time that I got offended was a guy like trying to be heretical not actually being um and it was for like a very like political topic that we don't need to talk about
because we don't we don't talk about politics on this podcast yeah um but yeah everybody was there being them authentically thems and the combination of all that just made it amazing yeah uh I liked Gabby's tweet overheard at hereticon the real new Tropic is being on a mission I'm kind of I'm kind of mad
she didn't credit me for that did you say this that was my line that was your line wait did you say that in in our talk or randomly no during the talk oh really that's yeah it was at it was at the end I think we were honestly uh talking about a uh certain presidential candidate who who clearly does all the
wrong things like crazy schedule overworked diet Co McDonald's like eating terribly and the argument there was that there's no the real the most powerful drug on the earth is a human spirit and being on a mission makes sense yeah um I liked Daniel I don't know how to SP spell his last pronounce
his last name ten riro is he at teal Capital uh he worked at teal capital for a while but now he's independent I hold my own private version of reticon every day on the inside of my brain that's like really that's like really true because I think it is a place where you can say the things that
like like that's yeah yeah you're just like saying things that aren't normally said yeah but there was there was like a when I did I didn't really go on Twitter during the conference but there was a little bit of like uh push back like run tweeted like when people go from SF to hereticon Miami the average IQ of both
cities go up which is this like copy pasta of this like incredible tweet by uh product manager Raul but it's it's just like odly written well it's funny I saw another I saw another tweet that was like come on sweetie it's time for your quarterly beef with Founders fun he's like okay
well I mean yeah run Run's like a prolific haor but uh you know I think you should put your journalist hat on for a minute like you're a traditional tech journalist and just like follow the money think about it like Rune works at open aai y Peter co-founded open AI he's
invested in open AI like he needs an enemy he needs someone to to beef because you don't want to be at the top you don't want to have no enemies that's that's the worst you need someone taking you down yeah if we didn't have the working if we weren't fighting against the working class yeah exactly there
would be no podcast yeah yeah and I mean a similar thing happened with seoa like seoa was like you know the the Untouchable firm no enemies and then sha Maguire you know decided to wage a holy war against Islam and so now they have an enemy and and now they're not just this like Untouchable brand they need
they you know it's again it's David and Goliath all over again which is ideal scenario you always want to be the underdog and so even if you have to pay someone to talk trash about you it's totally worth it that's the summary absolutely thanks for the clicks R uh yeah I do think it's funny because
our talk was closer to a comedy sketch than a real talk and I realized that like Midway through where we would say a line and if we didn't get a laugh like rework that yeah yeah but you know that that somebody came away from that not realizing that it was like a more of a comedic sketch than anything else and
they're just they were probably like these guys are [ __ ] crazy awesome this is the craziest talk I've heard yeah uh but I mean a lot of it was like you know comedy shrouding around like a true idea or like teasing a true idea but just like amplifying things to like help it stick in people's mind and
become like memes um and then uh our boy Foo uh uh got destroyed by some IV or something he said the cost of admission to reticon was expensive this year but it was worth it because he became a blood boy which of course is another joke there were no real blood boys there unfortunately but not in any of the
rooms you were in no not not in the rooms anything else to talk about hereticon I'm sure it'll come up later yeah um what should we move on to next I think it's time to tell you about today's highlight s bees since 1744 s bees has been the premier destination for art connoisseurs collectors and
enthusiasts alike offering an unparalleled platform for buying and selling Fine Art jewelry rare books and collectibles from classic masterpieces to contemporary Works sou bees brings together world-class expertise and Global reach connecting Treasures with those who truly appreciate them so
whether you're looking to acquire a Timeless pieace or explore the vibrant world of Modern Art s bees is where extraordinary finds a home uh tell a story about a piece of Fine Art I I really like this Peter Paul rubin's David and Goliath have you seen this no it's it's currently kept at the
Norton Simon hopefully it'll be at soube in a few years you can pick it up but uh it's iconic because like Ruben's was like he really explored like the the human form and like musculature like it's a very like it's this like Jack David like about to behead Goliath it's
a very very aggressive piece um but it's interesting because like when you first when I first heard the story of David Goliath you think about David as this like tiny little underling and Goliath is this like over this like massive massive you and but but in but in this in this painting David is actually like
very powerful and jacked and like yes he's smaller but he's still like he's still like put in the work and I think I think that there's actually like a good metaphor there where it's like you can't just be like Oh I'm some startup and I'm going against the big company and they're huge and I'm small therefore
it's a David and Goliath situation I'm going to win with by throwing the it's like no David clearly like put in the work at least in this T and I like that and that's another thing with s they're not afraid to put in the work um they you know you know in addition to the art that they have listed and and
some of the private catalog uh you can go to them and and and get their help you know Finding specific works that you know uh that you feel something about you recently had luck here right yeah so we we're looking for basically a lost copy of the wealth of um Nations we have
a C there just you know for S sentimental value um so the technology Brothers you know collect uh collector division was um looking for a copy that you know a lot of people thought was you know completely lost side the Beast was able to help us get it took about three weeks um but basically no lift on our
side and it's now safely in the vault yeah it's kind of like the Holy Grail of capitalism right in some ways yeah just put your and absorb the energy yeah the primary inspiration for this podcast exactly so anyways thank you to S the Beast uh should we move on to some tweets or should we do brother in the
week we can just jump into the brother the brother of the week so have to go to the mansion section uh yeah yeah so in the Wall Street Journal today in the Mansion section there's someone that we have to highlight uh so his name where is his name famed La George Ron Ruan Rua an is that Ron Ron um so this is the
co-founder of Honey sold the company to PayPal for $4 billion and and he essentially got a free $44 million house which is now been profiled it's 1600 16,000 Square ft nine bedrooms uh in Los Angeles the coupon King buys again so how he got this house for $44 million effectively for free this is real like
he uh so in uh in 2020 he paid $60 million for a 21,000 foot house in belir and then just two years later when the market was ripping he top ticks it and puts it on the market50 million almost times the price and he he actually gets the deal done sells it for 112 so that's a $52 million gain pays a little tax
maybe yep gets the $44 million house for free rolls it in yeah I think this the the real story from this is that if you're a Founder out there building something like a Chrome extension which everybody says Chrome extension this is silly like this is not a real business um if he had
never if this guy had never built a Chrome extension that he never would have had gotten a free $44 million house so don't ever let anybody tell you that your idea is small or not worth doing um that brings up I saw that grammarly is at like basically 300 million of ARR wow you see this noes yeah so Chrome
extensions yeah uh if you're at her if you're at the hereticon that didn't happen in 2012 yeah it was it would have been all about Chrome extensions probably something something weird about that I mean there it feels fake yeah the the the honey and the and the grammarly those companies like uh people love to
say oh AI is going to like destroy this or like there's going to be some new thing that's like it's not going to work but people seriously underrate this is like a Nikita beer point but people seriously underrate like just like good management and good like and a well-run
company being valuable even in even in like a little bit of an odd industry that might feel a little fragile and so I think the DU lingo stock hasn't fallen at all even though everyone's like oh of course you just learn to speak a different language by talking to chat GPT and it's like part of it's just a
distribution thing like I actually am more bullish on much more bullish on Dual lingo then grammarly when grammarly feels like okay you're built on top of this browser that actively wants to roll out features that differentiate it from yeah all these other browsers yeah yeah yeah um but who knows I mean maybe
Google gets it wrong and there's just like it's never properly uh it's never properly rolled out but uh congratulations to this week's brother of the week let's move on we almost should get a something in here that's like just like Employee of the Month brother of the week handwritten line
image um that there is a good tweet in here that I want to I want to pull up but we should just go through them in like somewhat reverse order I guess since we have a whole stack here um so let's start with this one by uh Andreas Larsson uh he just posted a meme I bet he saw it somewhere else but oh wait
this is uh uh I know I follow this account Instagram Qs I forget what it is it's like Quant strategies or something some page it's good uh what people think ESG is we must save the planet invest in my fund here's my money what ESG actually is I have created a synthetic securitization so that black rock can
buy mezzanine tranches of forests in Zimbabwe nobody planned to cut and large mining groups can declare themselves carbon neutral while using child labor great great Riff on ESG yeah um that's what ESG is what is Dei just kidding don't talk about politics um I mean actually uh there's a great uh
like economic analysis of the problems with ESG from aswat De modin this uh Finance professor at NYU um and he kind of laid out the uh like the bear case for ESG and just how it was like kind of misaligned it had been abused by capitalists which but the question is like now with this since it's making
everyone so much money are the capitalist is going to come around and like should we be supporting ESG yeah yeah we should be like actually ESG is amazing yeah ESG I feel way into startups like but like I feel like there were never really can you imagine if term sheets were getting issued with like ESG baggage
attached to them like if if if somehow or vice versa some sort of ESG kicker where like oh if it became a meme like you know everyone knows that you can attach like aai to your SAS company and double your valuation uh that never really happened in ESG just because I think the money
that was actually flowing was mostly in the public markets from these funds that like needed to flow and through the ESG scores and stuff and it was heavily gamed but can you imagine if if if big LPS had gotten pressure from various groups and were like telling their the VCS that they invest in hey if you can
get your companies to follow these principles and track it like that's a very dystopian sort of like thing to imagine but what if they were like well we'll give you 25% carry if you can get on any deals that have uh ESG attached to it like it's it's it's scary that it's not that difficult to imagine that
actually being the case and then there would have been this whole dynamic of like oh don't work with this fund because like they're going to force you to like fall it like ESG at the same time like how hard is it if you're like doing some B2B SAS company to be like yeah we're carbon neutral but like the
whole gundo is like being like yeah we're putting up solar panels you have to spend like at the office because like like what's his name Isiah from from Valor is like being like yeah like we're working on this nuclear thing but like we have to put up solar panels in the
metime yeah in the meantime or no even worse just like we have to spend like 10% of our fund raise on like carbon credits you know the you know the thing that actually going back to Heron I I didn't I didn't talk to her but do you remember that girl like four years ago who was going viral for making nuclear
energy cool oh yeah isod doe she was the last one yeah no she was she was at um I I didn't get to chance to talk to her but uh it was so funny that's like a perfect example of something that was contrar like L was stage the first less than years ago and nor there was a bunch of
nuclear energy like Founders there um I just thought that was cool next week I'm going to uh like MC a whole like nuclear conference and it's like the least heretical thing it's all like government people and like companies and DCS and like there's whole funds around this and stuff she wasn't giving a talk because
like need to she accomplished her Mission and she can just kind of like move on and that's why we're oriented around capitalism which is the only so if capitalism stopped being a thing we would have nothing to talk about and we would retire the show and commit suu um but uh so anyways that's
great let's move on to the next one uh Rico's Revenge says being broke at the book fair as a kid turned me into a monster yeah why was this personal for you I just remember that like I remember the book I just remember the book fair like honestly so the topic of Halloween this isol so Halloween every single year
my entire childhood as early as I can remember my parents I would go regular trick-or-treating and then my parents would say pick your 20 favorite pieces of candy you can keep those and the rest of them were going to take and give away in exchange for you going to be able to
buy a new book so my parents were very into the library so we rarely bought books but that would be the moment where I would buy like a fresh brand new book and it was just like the best thing in the world so thank you to my parents for doing that but I do remember being at like the book fair and to be honest
like with our kids now you can imagine a book fair is happening you'd be like yeah like go like buy whatever you want like because like parents are just willing to spend money on like education but it just wasn't part of my like family and there's thatone money is just so emotional right
and so like any you have these sort of like intense blood memories around money and like this tweet brought back that like there was also that like meme or like study that like the that like educational achievement in children is correlated with like the number of books in a house yeah growing up which is
clearly just correlated with like wealth and like a million other things um interest in Lear yeah but but but then but then people kind of took that and kind of flipped the correlation around they were like oh if I just buy a bunch of books then my kid will do well which is also probably true but it's just like
it became because you're absorbing just like why would we spend seven figures on The Wealth of Nations and it's because we want to absorb that energy yeah you want have that even if you're not going to read it you want to be a to AB I actually have read The Wealth of Nations
it's a classic classic if it's one of those things like so dry if you had to if you could only have three books uh it would be the Bible mhm uh Wealth of Nations and then the book that Justin Mars will eventually write on health okay just to support the boys yeah of course of course um so yeah uh it is it is is a
fascinating read in that it's you're watching someone work through the discovery of capitalism essentially yeah and that's and that's fascinating yeah but most of the actual takeaways you can get much more concisely from just like an econ 101 textbook y but it is very cool um okay so let's talk about the arc
browser situation we there was actually someone from Ark there at the at the party there's a company called The Arc browser company they've raised a fair amount of money over $100 million is that right thought it was 15 they've raised a lot of money and they have a very like you know hipster kind of
aesthetic they post these high production value videos updating the community on what they're building um and they've built a new browser so it's a replacement for Chrome or Safari and they've applied a number of different design you know elements to that so pin tabs vertical sidebar spaces um and they
recently announced that they're essentially PIV iting launching a new product they're going to leave their existing Arc browser in kind of maintenance mode so they're not going to like piss off their existing community and then they're going to launch some new things sound like a lot of stuff is
going to be AI based um and they're trying to like get through that transition of being like okay we're going to Pivot to AI but let's not make it like too dramatic and so uh astral wave andri writes uh I don't fully buy the reason that pin tabs vertical sidebar and spaces are too complicated
for normies we live in a world where even mainstream browsers Safari and Edge have sidebar tabs collections synced tabs pin tabs heck Chrome has had pin tabs since a decade ago I use pin tabs in Chrome it's fine um I think the reason Arc feels complicated honestly is that they're a bit too focused on that
Circa 2010's hipster aesthetic and Gody visual design that gets in the way of usability did you so do you buy this this a good take generally I'm extremely Pro Arc in the browser company because I'm not an investor um but I'm generally like in favor of people taking on these sort of like
commoditized products and categories and saying like let's try to reinvent it yeah I think what they ultimately found is that the browser is like pretty well optimized and the other thing is that it's really difficult to compete with platform companies that are trillion dollar companies that are giving away
the product for free and theying it yeah pre-installing it so they have the distribution Google doesn't care if Chrome loses money for ever right they'll spend billions of dollars on it apple on the other hand like needs to have like an installed browser and they don't care how much it costs to run and
they're pretty pretty good products I think like them trying to Sol they basically were trying to solve like the the tabs issue like everybody has too many tabs open and for me I actually this this sounds it's going to sound bad but I've never I never installed Ark because I got fatigue around these sort
of like new note typ things where I'm just like no like Chrome's pretty good I think Safari is pretty good I alternate between the two on my phone it's just like I don't really think about it um but I think like the thing the thing that's more real here is that they uh got really interested in AI as
everybody did realized that there's much more ability to create like a viral consumer product with hundreds of millions or hopefully billions of users doing that and they are really well suited to like go try to tackle that problem now the hard thing is that they're like a really big company now
which like most VCS you know I would say like contrarian VCS would say like companies over 10 people can't innovate or whatever and like do they need this like really massive team but I think the issue that they ran into is they create a product that a small group of people really really
love and they're in this position where they cannot they can't just they really should kill the product probably or like spin it out but then it puts them in a position where they say like well why do we why do why are we worth $500 million if we only if we don't have a product yet or we don't have a live product and
so I think it would have been cool if they like spun it out and made it open source and like let the community keep building on it or something like that um but uh but yeah now they're kind of in this weird position but I'm super excited for their like the product coming up Devon Devon gave me like a
little bit of a preview on on what it is it's going to be awesome uh they' they they like clearly build great products now it's finding that like they do there are they they they raise money like with the understanding that they needed to build something with like 100 million
plus users otherwise they weren't going to like live up to the expectations that they set yeah tough to sell a browser no I'm just saying a l h scalers need one they all have one yeah no I'm just saying give it away to the community like yeah yeah or just yeah like spin it out as in like Hey we're not cuz now the
thing is like they have they have they're going to have this like competing thing where their power users that love the brand are going to be like why aren't you maintaining this or like why aren't you adding to it and like there's like the I don't know some amount of entropy that is going to
happen naturally when like the whole team is focused on the new thing and then like it's like one designer and like a few Engineers that are running a browser and tough thing is want be on that team the tough thing is this is coming off them having like a pretty big security vulnerability from like a month
ago that like they got a lot of heat for but I think the heart that what what this comes down to is if you do a lot of things really well and you have a lot of attention uh and you're relevant to a lot of people which a browser is everybody has an opinion A lot of people like see like a really well produced
video and are just like I want to like hate on this right and so anyways I'm rooting for the browser company uh I'm rooting for Arc and uh well I guess I'm not I'm not I'm not rooting for Ark anymore because I don't you know this doesn't they don't even want to take it anyway going Arc I do wonder about uh
like it what was like a design Focus like the right go to market for this like the other browser that's done I think reasonably well is brave yeah but Brave is focused on like these crypto micro payments and they have this whole like economic model that you could be very like oh it's just a crypto Ponzi
thing but like at least like if it works there will be some sort of like incentivization there it's kind of like the Creator payouts for for X where you're you know ostensibly like paying use the browser and then when you visit a website if they're on your team they get paid for every time you visit and
then and then they have an incentive to actually put up a banner like hey stop reading my website in Chrome you should read my website in brave because I'll get paid for that and so you have some sort of distribution um like economy whereas if it's just like really cool
yeah it can be cool and people can say oh what's that oh that looks really nice like it can kind of go viral but it's just word of mouth and that's really really hard to scale into like the Normie crossing the chm is going to be difficult anyway let's move on to Nicole whiskoff whiskoff Ventures founder shuts
down company that never really got off the ground emails investors you are welcome into you are welcome to invest in whatever I build next on a $100 million post money safe sometimes I hate it here she got almost a thousand likes on that uh I the biggest problem is 100 mils too low right yeah I mean I know
she seems to back really great companies so knowing the kind of caliber that she looks for I don't think it would be absurd to pay 100 million post for whatever they whatever they do next I think what I I just want more details to be honest like I love to see like did he
send the like filled out safe like was it already signed on his side and he's just like here's wire instructions like counter sign I mean people a lot of Founders try and MOG investors when things are going well yeah takes it special breed a Founder to try and MOG investors when things are going poorly
yeah yeah the uh it's funny I I talked to a Founder recently that had like two very high-profile failures in like a very specific category and he was going back for a third company in the same category and I wanted to I didn't ultimately get there on investing uh just from like nothing to
do with him or the category just like talked with some people that I knew and they said like you know but just the fact that he was like back to back the sort of like big basically blowups and was like yeah I'm going back again like just like you want to support that guy right like I mean under under discussed
Parker Conrad uh Rippling is his third company not his second company and the first the first one was a little bit adjacent it was a I think it was like a fintech company but it was still like kind of in that same realm it was something for like charts and visualizations for like
Financial stuff and that company he left and it actually is still going on like it's it's still live it's not like a phenomenal company but like yeah and it's just like I talked to a big investor in The Firm or in in Rippling and was just like he can't like I don't know if he could build anything outside
of this but he's just like destined to do this that'd be a weird thing like working at the first company watching the third compan the third company and you're just like like your your company hasn't your your shairs haven't been marked up in like three years and you just see ripling with like the1 billion
valuation you're just like yeah D well I mean a lot of people moved over and some people didn't and that was like a big well the real hero's journey is that he buys back the first company right and like merges it into Rippling because Rippling is the last SAS you ever need there's been a couple examples of that I
I I don't want to like say it because I don't think the deal's done but there's like a big YC founder who had a company that blew up and the early team is like going to go back and buy the IP and like you know use it for something else which I think is really really cool I think
there's something about like like owning your owning your child or your baby and like just like keeping keeping working at it and having another shot on goal if it's like an interesting name or interesting. comom or like it'll have some part.com cache I mean we got to talk about getting party round once uh
once chamath is head of the SEC you should just be able to text anyone in America I I do you want to buy shares in my company we got to get rid of all the all the uh what is it accredited investor laws we got to get rid I didn't even think about like Sachs gets a role obviously
he's like well I got to I got to support boys the besties get chamath SEC yeah and then it's just like a new American Renaissance J Cal press secretary let's go incred let's go he's there's like so good the White House verticalized podcast his podcast you know we got to break out
like the dop the department of podcasting it's if if jcal was the White House media strategy would be heavily monetized yeah that that would be like it's like Secretary of State it's kind of like a like imagine like yeah White House Press Secretary is up there and they're doing podcast ad reads
in between the announcements for like obviously big multinational companies like why not why not just the the bond issuances like the government sells debt so it's like hey did you know the 30-year at 4% you want to buy some like brought to you by T bills T bills I mean they used to do that like during the war
there's like posters and essentially advertisements for Government Bond now it's all you know distributed through like the banks and it's very abstract but it used to be very much like going direct to like the American average American citizen exactly because you just wanted everyone to chip in and buy
war bonds y um it's great uh but yeah that's probably the future of party round it's specifically those those political texts so you know how you get those those texts from po itions like every two hours on your phone now and you can't opt out of them I don't know why I don't get any text is that just
because you've never voted no no I have I I I like I I I'm been trying to figure it out or is it because you're so extreme politically that they're just like we can't turn this guy it's a waste of money yeah there there's no Anarchy candidate on theone um no I don't I I I haven't got a political text wow but I
have made I have made efforts to like go and like you can do those like blanket opt out of like remove my remove my info from this this that um but but that's where we need to get with like you know fundraising it just needs to be like okay I'm hiring a firm to spam my rollup
vehicle to 10 million Americans yeah send out send out the viel that went viral on Twitter yeah let everyone know I'm building AI for dogs let's get some money in there General solicitation this is the future there's a couple companies that like kind figured out how to do that I've seen some Instagram ads for
like crowdfunding efforts and I'm like okay yeah my friends uh my my friends run the biggest Agency for advertising crowd funds in the world um shout out John skler yeah yeah the job act yeah and it's like what it's an amazing like thing uh you know sort of like example of capitalism where
companies figured out if you spend a dollar on Facebook you can drive $10 of investment so why would you not just do that it's like an infinite money glitch basically I mean it's the the ratio of uh cost to Capital raise is probably right in line with like big investment if you take a company public
you're probably paying a massive fee but you're giving an opportunity for everyday Americans to you know earn real yield exactly and real Alpha exactly with uh you know the next great robotics company or whatever let's move on to Apple uh do you have apple Intelligence on your phone yet it's like almost here
right you can install it if you go to Beta but you don't have it I don't have it yet I don't have it yet either um I I used to install the betas and they're always like kind of kind of sketchy so I just wait but uh Schmidt writes uh my mom that hike almost killed me Apple's AI summary attempted suicide but
recovered and and hiked in Redlands and Palm Springs has 14 million views I predicted this was going to happen on a podcast with didn't you also say you think you think a lot of these are I I think a lot of these are fake and I think a lot of these are photoshopped I don't know that this one is um but
obviously we know l hallucinate and they get things wrong and they're rough but that is Apple that is not Apple's uh that was a good take that is not Apple's brand like I was talking to a like a really really big filmmaker in Hollywood and he was predicting that Apple TV would not be successful he he works with
like HBO and and Netflix and stuff and it is specifically because Apple's brand is perfection Perfection everything needs to look perfect and so that's not Hollywood Hollywood is almost more like Capital where there's going to be some dogs even the best and you can't you can't have everything be guaranteed
because it's art not engineering and so uh the AI thing has been really really difficult for Apple in my opinion because they're they're two years behind chat GPT and like the day chat GPT came out they should have ripped out Siri and had an llm replace it in terms of just
like what consumers would want at one point I actually had a uh like a macro on my phone where instead of saying Hey Siri I could say like hey chat gbt and it would like take a shortcut and Route it into chat gbt it was slow it didn't really work but that's essentially what
they're doing now but they're still going to have problems and maybe that's why they did the the open AI partnership just because like if they have some really bad hallucinations they and and they need to like respond they can be like oh this is a partner we switch Partners they're the scapegoat like we
can move on to something else hey we we revamped it again like I think that I think the right frame of mind when you're interacting with with like an llm is that like it is a little sloppy and as long as everyone goes into it's like a human yeah it's a human it's a human assistant that might get something wrong
or just like when when you're online and you and you're scrolling like a feed you kind of know that like there's going to be there's going to be slop there's going to be jokes there's going to be fake news and so you just kind of go into that you're not you're not rattled the issue is unlik an executive
assistant you can't berate like you can't berate Apple intelligence right like if app if your EA makes a mistake you can get on the phone and scream with scream at them for like 20 minutes and then hang up EA what's an EA exective is that like a secretary yeah it's like a secretary okay um you can't it's you
can't call up Apple intelligence you know it's going to be a robo call and berating a ro you know AI like voicebot is not going to feel the same maybe that would be a good like a instead of an AI girlfriend it's just like an AI that you can practice berating so that you get better at just like really giving
because those moments don't come up that much but when you're ready you need to be able to SC scam at someone like if uh you know if you're raising your second company uh if you're raising for your second company after everything failed you're going to have to get on the phone
with all your all your VCS and tell them that they don't know anything yeah like look look at like Jeremy gon right he was here we got to spend some quality time with him over the last few days and very very calm guy but he's from he's from the world of Finance like he goes to Tech conferences but don't it's like
a wolf in sheep's clothing right like he's clearly you know and the classic you know behavior in finance is that if something bad happens you like scream and yell yeah the funny thing is I can't imagine Jeremy yelling at somebody like intensely but I know he's going to have
to do it he needs to get practice reps in and so he needs to get his reps in so if I was an indie hacker right now I'd be creating like a pro Sumer yeah like bation is if that's a word practice application it gives you a score at the end like how intimidated was the AI yeah I don't think you're going to get a
million us did you go too far or were you dialed in perfectly did you don't just want to be like you know uh like it had a feature where like HR joins a call like hey dial it back dial it back back okay dial it back but you know you got your point across but yeah I think it'll be good I I think Apple
will eventually dilate I mean the tech is just so good at this point it's like really easy and they have a bunch of interesting ways to integrate with all the data in your phone so you'll just be able to talk to Siri more and it's so it's so overdue because Siri's been so bad like Siri I always ask the weather
maybe this feature is like this feature is silly like I would turn it off if I had it because like textt should be text should be short yeah I shouldn't well I think it's valuable in the sense that like the the real use is that the AI should be able so right now if you want to get rid of this political text you
can go into your iMessage and say it but it's it's all hardcoded so you can say if I don't have the number saved put it in a different folder like a junk folder but then you miss two Factor codes you miss uh like things from doctors and stuff yeah well the issue I I could actually go to and say
like if it's a political text just throw it in ating is cool summarization is not cool if Nancy Pelosi text me and the Reddit stocks going up and she says go long soy go long all these other things but then if the AI in but Pol politicians if you're going to text me every single day throw
a stock tip in there you go throw a stock tip in and then I'll be like well yeah okay so you told me go market coupon code you told me that you're going to make oil great again and you're going to drill baby drill and so you told me to buy Exxon I doubled my money sure I'll give you a 10% cut politicians
that should be how politicians raise money exactly give a and then monetize it by saying hey if it works out some Wheels yeah yeah come on that is this is that is how you drive American Poli every would be like I can't wait for the yeah the Senators and various politicians would be focused on
Seeking Alpha yeah hedge funds would be setting up oh how can we get the text first we don't want to be no the issue is hedge funds are going in off politi they're going direct to the they're getting their taxt over signal and we're we're just stuck with the sms's yeah plebs anyways that's a there there's a
there you see VC ramaswami uh he's now the second largest holder in shareholder in BuzzFeed and he posted a vlog of him friend of mine's back BuzzFeed what really yeah oh cool great guy um uh so he he posted a vlog of him going to BuzzFeed headquarters and so uh George
here summarized did he said this is so ruthless vet got on his plane and went in flipflops and shorts uh flew to California went into the BuzzFeed headquarters and handed them a list of conservatives to hire which is kind of a funny thing to do uh they had no choice but to listen because he's one of their
new owners he's now their second largest outside shareholder maybe he'll buy the whole thing and turn it into a non-woke organization this is how we win the culture War so I can completely disagree with that I don't think I don't think anti-woke BuzzFeed is I do think the thing that's interesting about that is
that Bezos was in the news this last week for like one obviously the Washington Post not endorsing a presidential candidate two being like you need to hire some conservatives when I see these things I'm like why like we need to have media companies like sort of we'll never do this but other media
companies should have to label are we hyper poitiers have this Legacy newspapers have this like sort of you know permanent uh label of being able to be arbit Arbiters of truth right and so but if they're hyper politicized and like the truth is going to get kind of lost in that so I was looking at the
New York Times endorsements since 1960 they have endorsed every single Democratic presidential nomy Kennedy Johnson Humphrey George McGovern Jimmy Carter Jimmy Carter Walter Mond Michael duus Bill Clint it's just like you know you got to respect the conviction I mean at least you know like where they stand
I guess but it's just odd that like you would never be like hey actually we switched around this time we're mixing it up do we need to put journalists in our enemies bucket or that would be too political I don't know maybe I like journalists yeah I like them far away depends some of them are great um some
of them I'm sure are good people um but uh uh but this been that thing is interesting BEC not because of what he's doing with BuzzFeed I mean I I I hope it works out I hope he makes a ton of money but um it's because the did you actually watch the Vlog of him going and doing
this that was interesting because I have this theory that like Andrew Yang was the first Presidential nominee to go on Rogan Bernie Sanders went on tulsy gabard went on uh and so they were like The Fringe candidates that were polling very low had to go on Rogan in 2016 cycle and then in this cycle the all the
major party candidates are doing these huge uh huge podcasts meanwhile the the more like Fringe candidates like I mean V like not running right now but he's clearly going to like gear up for more politics stuff in the future and I think having a having a uh a candidate that does like Vlogs and direct video and
actually like owns their own media and puts stuff out I think that will be the Future No it's actually insane that yeah they don't know even Trump doesn't vog he's putting and KLA puts out these little short videos I like UFC have you ever seen UFC embedded which is like the week prior to
a fight they Vlog all the fighters and it's the most engaging content that will 100% be the future and and you can make it narrative driven so it's very easy for a political candidate to make it look like oh our so much momentum building in the campaign like make politics is like more about likability
than po policy 100% like like with the whole RFK endorsing is like this Paras this is what senra always talks about the value of podcasting if you're in bus is like he's developed like a real friendship it's a one-way friendship with millions of people right and so if I'm shocked that a political
high-profile political candidate hasn't used the Vlog format or even having their own podcast or their own podcast like with the RFK Trump endorsement like they both got on stage at a rally and both you know gave their talking points and gave independent speeches I think that that would honestly do better if it
was like the Donald Trump podcast RFK is the guest and and they're just having a conversation about health yeah and so you're just watching you're just in the room with them watching them have a conversation or it's like JD and someone who you know knows about like you know industrialization and JD's like look I
don't know if this guy's going to be in the cabinet but he's a buddy and we're gonna have a conversation about how we actually like Revitalize the Rust Belt like something that he cares about a lot um instead of him having to go to Joe Rogan and Joe Rogan being or you know or
Comm like going to uh yeah and it's a way to it's a way to stay active like over the last couple weeks I think people have been like really hyper fixating on what did this candidate do today and the thing with the podcast is like we can record I mean for us we we publish live effectively like within you
know a couple hours of of recording but other candidates could save up a bank of content and put it out when they like wake up and they're feeling a little tired I want to hit the campaign Trail yeah yeah yeah um exactly I don't tip politicians or I don't donate to to politicians hit the campaign Trail hit
the campaign Trail uh should we do uh this one Mike dudis says pump. fun is the fastest company in Tech in history to $100 million in Revenue I feel like there's a new company that claims this like every day well so the cool thing with this company is you can look on
chain and verify it's like actual like dollars in the wallet so the reason give me the overview like what is pump. fun it's like Sal meme coins so basically historically people would make meme coins and they'd have to comine all these different things and they were actually writing code always erc20 like
four Kings projects and stuff this is yeah it was basically every this is like Shopify for creating a meme coin that's the way to Shopify for meme Shopify for meme coins it's basically Shopify for memes cuz it just allow anything happens andin there's one for like mang the hippo or
whatever and so the thing that's crazy about this is that one they they they made it they built the perfect product to enable crypto speculation because I think I I haven't used it but I think you can actually invest on the platform too so it's like two-sided Marketplace like uh Shopify so you can create it
people can invest um it actually is good for consumers because it's like easy like it they like help uh it's creating more standardized you know sort of underlying structures well it's like it's you're still likely you could still get rugged very easily if people just decide that this meme not hot it's not
getting hacked as much probably yeah less less hacked there's like the meme coins were histor historically extremely complicated yeah yeah yeah if you're on a Shopify site like the product might be bad but you're not going to get your credit card information stolen yeah because the credit card information is
with Shopify Shopify is reliable now the product might be the white labeled and like junk but at least you know that like your credit card information didn't get leaked so what's interesting about this is what uh I think this could be a company where they end up returning billions of dollars to investors without
any liquidity event or through like stock BuyBacks or something like that or just distributions because I don't know any company that could buy this because it's in such a coinbase or something right well yeah but it's in such a regulatory like gray area like you're creating
the government like the SEC wants to say that these are securities and like every crypto company has had to like fight back and like make their case but like this isn't a security and so I just don't think you're going to see like Goldman Sachs like by a company like this like pump do fun um but they're
making so much revenue buy or underwrite like would they would they not even touch it from an underwriting perspective if they want to take the company public I don't know if this company could be public because it's got so much regulatory baggage right maybe in a trump uh Administration it could go
public because like he's launching like his own meme token but but yeah I think this is one of those things like they might end up returning like billions of dollars to their VCS and I don't think they raise that much money I I don't know how much they raise but like I think it's like under $10 million do
well and they could just distribute it out to VCS um like Mike and I'm sure it'll be a great return but you're Distributing like tokens that are liquid this is yeah this is such a aming example of a product with like really good execution but in hindsight it's like why didn't
this exist in 2020 or 2021 like it's just like the most obvious thing like Shopify for me me it just seems like there yeah there weren't that many like actual Builders like the ratio of like scammers to but even yeah even before this product was created like this probably increased the number of
tokens by like an order magnitude yeah totally and even before that there was like hundreds 100,000 per day something absurd right cu the cost to create them is low fascinating I like I like how this guy got like his little [ __ ] I don't know I don't even know who this guy is's also just like yeah wow I love it um so uh
Peter levels the Indie hacker extraordinaire says where do I start with robotics I want to code and build my own robotss at home for fun with with a potential for world domination and Matt bogus Matt V says the raw volume of software Engineers who have asked this exact question in the last 20 days is
insane so all software Engineers are pivoting to robotics apparently yeah I think what's interesting here is that there's going to be a bunch of like really the thing about Indie stuff is that it's often times like could have been fundable but wasn't often times it's just like unfund like it's just
like weird like some like clearly very small Tam um the thing that's interesting here is like it it will be dependent on how cheap robotics get which I think everybody thinks like robots are going to continue to like get cheaper and cheaper like right now it's expensive like robotics company I've
involved with theer like hundreds of thousands of dollar like we're going to need like millions of dollars worth of robots over time so it's not like something you can just kind of like I don't I'm I'm sort of like very for the trend but sort of like I'm not wouldn't go super long on it
just because of the part of the nature of like I don't know I think I think it could be like you know it's probably like a decade plus long there were a couple like kind of Cheaper open source robotics platforms like like Arduino Arduino but you could also like get like a Roomba and like open like like a
hacket and then you and then you can just like have it draw the death Roomba that's a Roomba with a Glock attached to it like just patrols your house and I know Boston Dynamics does sell the dog for like I think it's under 10k it's like around there so it's like get dog that brings us you can also rent
those but those are but if we had a dog that could go to the fridge and bring you a beer probably with the arm yeah you could and then uh George Hots has a has a it's basically like two wheels and like a stick and it's like the comma body and then you can and then so you can like write code for it to like do
stuff but it's very limited it's just like it's just two wheels and it balances like it's like a segue basically um uh but yeah I mean it's it's always hard with that it's like the these should be at like every single hackathon so like the next generation of like college hackers can like try a
bunch of different stuff even if it's like really junky totally my um my dad as a teacher ran this thing called project make which was basically like wood shops wood shop meets robotics meets like Aeros Aerospace and just like hacking and so he had at at his school he had this like Warehouse that was just
filled with like robots and arduinos and Raspberry Pi I think that's kind of like starting to happen you know in high schools uh which is very American yeah right Innovation is American yeah it's always it's always hard to tell like where the where where the real value will be like even even if it's like okay
you had if we Mo had an open API like what would you do with that you know it's like people really just want the one thing I'm excited to see more like I think like Nat Freeman tweeted out like I want like a not a leaf blower but like a little robot to like go and some built
it yeah yeah to like pick up the leaf and like I'm so for that like leaf blowers we should add it can we add then can we add this to the enemies lift like leaf blowers because like I've lived in places where like leaf blowers were just like I'm like this is insane like not only is it loud but like you're blowing
particles like everywhere my yard and uh they're hitting my window like I'm I'm going to go postal uh well this one's related uh yakine uh writes we need more we really need need more software Engineers to enter fields that are very easy like electrical engineering and mechatronics
we can bring so much fresh perspective with our relatively High degree of skill compared to them that's like perfectly intellectual rage bait yeah so good 3,000 likes of course 3,000 likes poor poor person uh probably had like a thousand engineers in their DM just being like you are the world's biggest
idiot yeah everyone who's an electrical engineer is like come on dude but uh it's great great R bait but yeah I mean I I I I do think that there should be more uh like intellectual flexibility between the disciplines especially with like uh just how easy llms translating between different uh languages will be
so it's like oh yeah there's some sort of like little bit trickier lower level language that you need to learn but now you can just write python code and the llm can like transform it into whatever very quickly soel there's like there's like a seed of like truth there even though like it's the it's a great bait
post um let's go to this will tweet absolute Banger 4K likes less than a day ago uh did he really post this at 6:50 a.m. on Halloween was he up that late or up that early maybe this is a East Coast West Coast thing might have been that's a good question I don't know Ben would
have screenshotted it prob I think he just posts in the middle of the night he just wakes up something Divine Divine uh no but it's very I think I'm going to guess that it was 9:52 in Miami okay so will says the real measure of wealth is how many problems you can solve by calling one of your guys yeah it's great
it's very real this is I I think like Jeremy may have brought this up like at senro event but um but yeah like it's about everybody's like oh I have like my car guy I have like a barber is like a form of a guy you know like a hair guy I've got as you get down it's like oh I have like this
stylist or I have my watch guy or I have fun guy this you know specific type of lawyer fun I have a funu guy um and you know at Heron the conversation is more like who's your Antichrist guy right and who's your aliens guy who's your aliens guy who's your terraforming guy um if you need to terraform who's your first
call like a lot of people are going to come up blank on that we're not we're not there's also the shift from uh most people have like an app and when you when you reach a level of wealth you have a guy like instead of and instead of door Dash you have a personal chef instead of uber you have a personal
driver instead of United Airlines app you have a private plane yep a pilot or two of them since you always have to have two flying um sorry I had to make a note I need to text back my funu guy oh you do it's great uh funu is real we'll do a deep dive on it soon um so there's
news in Tech crunch that Dropbox is laying off 20% of its staff uh and pachy McCormick writes you're laughing but one out of every 17 Amer Americans just lost their job which is hilarious because he's thinking of DocuSign not Dropbox I'm sure Dropbox has a lot of employees but it's nowh Dr
slander what what what that's the most that's the most attention Dropbox has gotten yeah and it's so funny they got akk likes and a million views because like it's wrong but it's like kind of spiritually correct and then it's like okay no one really knows uh but Dropbox is definitely going through a change
because Drew hon is doing like videos and going direct I've actually gotten this from a few people just working with Lulu no no no Lulu has like straight up created like a Ze guy shift even in like public company Tech CEOs I've gotten texts from a few uh people here's the thing so Lulu was at hereticon we got to spend
some quality time uh it's interesting because like she's she's done the public markets stuff right she's currently on shopify's board okay yeah I didn't even know that um that's and she and she was like the the the person on Activision Blizzard Microsoft deal yeah exactly but then she's also like
watching she's working with these like really hot seed stage companies helping them do it but like is the real is that a waste of time when she could turn a 20 billion company into a21 billion company like imagine if she goes turns around Boeing yeah exactly that would be crazy
probably more value creation like getting some seed Stage Company stage yeah that's like charity work that should be her Pro work yeah yeah she should be like yeah she should literally have her charity division um but yeah it's a get uh Gabby who's also Gabby Goldberg when over there that's going to
end up being like a crazy I don't know if it's going to be a mafia or just like a generational firm if they keep creating this like orbit totally uh yeah one of those like one of those firms that's like behind the scenes yeah and I guess like to go back to Will's tweet like a guy is not necessarily A guy like
it's spiritually like yeah you know a spiritual there's like a meme like call Lulu if you're if there's a headpiece that's coming out or you have a comm's crisis like there's really only one person and if you have someone that can actually solve your problem that's really valuable yeah and the if you
think about hereticon the highest percentage like any like Tech conference the highest percentage of people that have had have been docked or had a hit piece against them is like yeah it's like half the people Everyone yeah but yeah um yeah it's fascinating seeing like the the like the texts that are
getting passed around from like oh this CEO who is running a public company uh I'll get a text from someone being like what podcast do you think they should go on like they want they want to they want to do the Zuck Playbook now yeah and it's like they're running like a 20
billion doll public company and they're just like they're just getting pilled on this now and it's like it's been like what two years since like all these people started going on Lex and Rogan and I'm like okay well here's you got to L bro them a little bit like dude you're 2% of the size of meta like but I think
it's doable for some of these people they're interesting a lot of them are interesting they've just been beaten down by like the the HRS yeah it's actually a way to like you know kind of like pull up the ladder for for these public company CEOs being like no no more startup Founders on like these big
podcasts only like real Ballers I me the the guy that trading the guy that I'm thinking of runs like like a massive public tech company um and there was a hitpiece on him younger when he was like coming up because I mean he was already like a billionaire and he was from a very wealthy family but he bought like a
McLaren or like a Ferrari or something and they were like using that as evidence of like him like I don't even know like being materialist or something or being a capitalist like it didn't make anyting the economy and and you know that you know that his takeaway from like his coms team was like like if
you're going to do something nice like make sure there's no cameras there like the Press cannot know that you went on a boat or like went on a vacation and and but but what's interesting is that like if he actually like now Zuck is like yes I have a boat that follow I have one
boat that follows me while I'm surfing it take videos like yeah I show up to UFC through the back entrance because I'm such a VIP and and Zu just realized that like wait actually like so much more important to be authentic and he's just authentic about it and so uh if if the public company CEO that's been like
beaten down can actually and that's what Lulu does even the I don't know who you're referencing but the CEO from a wealthy family like it's just okay to own it the only way that you could legitimately get criticism is if he tries to go with a story of like I I like exactly just fake just don't be fake
authenticity wins every time exactly exactly but but you know the the the comms teams of the 2010s their entire mandate was to destroy authenticity yeah and and and hide as much as possible which is just very unsustainable arguably leads to the hit piece exactly because people smell that
like oh there's something off here like this person's being kg and so like there must be a bigger story here when really it's just like no the person like created a lot of shareholder value created a lot of consumer surplus consumers love the product they're making money and they're enjoying it and
that's great if they become a Cary compan or if they become a hype Beast fashion guy like that's great too like it's fine uh yeah very silly but I I hope he I hope he breaks through and gets out of his shell and does some cool stuff because uh I've been a fan of his for a long time so be good um uh this we
we've had signal we've we've reacted to this guy a few times now um I don't even it honestly is a testament to him crushing the xal cuz I don't know if I follow I don't know I mean yeah I don't know but uh most great Founders are after Vengeance in the form of success they have been wronged in some way
either by being passed up ignored or overruled by people that they feel are inferior to them the possibility that somewhere the person who [ __ ] you will potentially read a headline where you succeed beyond belief is better than sex it's kind of like a more aggressive like C grudges take yeah the the the example
that pops into mind immediately is is is Palmer OB but like Parker Conrad is the same thing and like yeah if you're Jason it's funny it's Allin guys um you know we don't have anything against allm we just have things against under like that they don't advertise it's more of like
we're against under we're against under monetized podcast we're not against all in but David and Jason having to watch uh Palmer and Parker Conrad both build these borns Corn's like the most like important company in SAS craft is a SAS focused investor and the most important company potentially in the 21st century
in America and Earl yeah that's got to hurt so like yeah like I think this is probably real and I and I think that Palmer and Parker like they're they know that they're only like 5% through the mission but they're like I'm sure they they appreciate the headlines well yeah
I mean to your point about the 5% through the through the mission I I wonder if the motivation dies down once you have like total cultural victory over your you know Nemesis because at this point it's like it's like the the the Palmer viral clip of him at Allin like like trashing Jason like that goes
viral like once every six months and gets like millions of views like it's like it's not like it's it's widely accepted that like Palmer has won that beef and so I wonder if he needs like a new Jason arguably doesn't accept it yeah yeah otherwise he wouldn't keep poking the bear that's good I mean maybe
he needs to keep doing it because we got to keep Palmer motivated we got to keep Palmer good for if it's good for Palmer it's good for America exactly yeah Palmer's like I could take off this weekend but you know I could play more uh DD I got I got to get on the grind because I gotta I got to keep proving
that I'm it would be since since Parker and Palmer are both P names strong uh since they're both billionaires we'll eventually allow them to call in the to the polycom but uh um yeah I don't think you I would be shocked if they were like yes spite was the only reason it's more
like I want to Parker wanted to revolutionize SAS yeah Palmer wanted to build the most advanced weapon systems in the world and like there's some like prod there has to be some product there yeah well whenever I hear Palmer talk about it it's it seems like a lot of the like the reason he gives that talk is is
because he feels like there are dozens of Founders who were destroyed and didn't get the opportunity that he did so he wants to like kind of do a cultural reset there which I think is very valuable so I think his his Victory lap is less for him and it's more for the community yeah it's good uh let's go to uh Tariq
Mansour uh who says he posts a screenshot from what looks like WhatsApp uh it looks like an investor said you should you should receive 122.4 million today 5.4 from Neo and 7 million from me personally I've already sent in The Wire requests we can figure out the terms later go go go and he's posts it with a
comment it's in times like these that investors show their true nature uh Ali ptoi and Neo have just redefined the term conviction why' you like this I mean I like it for I like it for a lot of reasons one I like it because it's great for Google and and meta shareholders because I'm sure a large
part of that $12.4 million was immediately dumped into the ad platforms right like I actually don't know what he's building this is the this is Ki this is a competitor to oh really no way okay so so the reason they also advertise on podcasts the reason for the speed was because the it's an election
betting Marketplace the election is coming up and they needed they probably just wanted to spend a lot of money on ads otherwise you know why the 12.4 million terms and like so anyways like honestly props to uh props to the to the Neo guy uh and yeah I hope I hope they're able to agree on terms you know
mutually agreeable terms uh but but yeah it's kind of like it's kind of like crazy because what I don't know the guy's full name apperto I think it's Ali Ali Ali aerov um Ali partovi partovi but like that's either going to be like something that each of them like scrub from like their Twitter or it's going to
be like framed in his office at the fund about like conviction it's longtail does feel like it does feel like a a highly I don't know if people are going to be betting on uh you know sort of like State and like localized elections to the same degree as presidential election I would imagin like the volume dropped
significantly y but it'll either be a legendary investment um it's very binary legendary investment or like that guy is going to be like a month from now being like what was I thinking but I'm sure their metrics are insane right I'm sure everything's ripping it's great yeah one one thing I
was thinking on that note on the topic of uh election betting markets is what happens if uh the election results are contested by either side like do are the funds released when the winner is announced or are they is like poly market and these other platforms going to have to to hold funds until the
person is actually like yeah I don't think it's as much of an issue as you think because there's a lot of liquidity in the market so what happens is like I don't I don't know if poly Market had the 2020 election on there but let's say that they did like obviously January 6th
happened the transfer of power happened on January 20th um but the election was like up in the air the night of a few days later it was like being called by like CNN and fox and all of that then there was a lot of chaos and and discussion but through that time like let's say we just reran the 2020
election where it was like in question well throughout the 2020 process even on January 5th or January 7th it would it would be at 99% Biden so you could sell your Biden shares for 99 cents or or you could be buying Trump right very cool so so so there's still liquidity and I think the actual like payout mechanism
is less relevant or it's not as maybe maybe uh this investor is thinking I'm gonna we're going to make millions and millions of dollars in fees over the next we just want to be super capitalized so we can outspend and so even if there's like a battle like it's like you have two full months before the
certification and then the transfer power and then it becomes pretty easy for poly Market to say okay well on January 20th on the inauguration day like everyone watches one person's going to get inaugurate like we can close it now and it's like yeah maybe you had your money locked up for an extra month
or two but have gotten out at 99 Cents but then you get the full 100 or whatever later so if you're do you want to talk about uh Robin Hood's betting Market oh yeah is that in here I don't know we can just talk about how Robin Hood launched uh uh betting markets as well it seems like every firm is is
launching them um and I mean Vegas has had it for a long time they've been all over the place I don't think they're in here maybe let me see going going to Vegas on Election night and just live betting in the casino sounds like uh I actually don't I only like gambling on private companies I don't enjoy like
other forms of gambling yeah but it sounds like it'd be fun yeah I don't think I have it in here but either way um Robin Hood also launched election betting which uh makes a lot of probably within 24 hours of that investment because everyone saw that like okay this is just um but yeah I mean um just
making it easy for people to to bet on it I wonder I wonder wonder if it'll increase uh turnout I wonder if we'll see turnout material increase I I I'm fascinated to see like be awesome because this is really like the first very American it's the first election with like serious serious liquidity in
the prediction markets there's always been predicted and whatnot but the liquidity has always been really really low like a few million now we're in like the billions but it would be very American if turnouts increased dramtically because people wanted they're like I made this bet I have to I
want to win yeah yeah yeah or people start betting against themselves cuz they're just like yeah I mean that's the thing with the Market is like you could want one candidate to win and you could bet on the other one as a hedge right like oh I I think my business is going to suffer under Trump or under comma so
I'm going to I'm going to bet on the other one is like a hedge so if I lose at least I have more cash on the balance sheet it's like it's like not that irrational at what point does the FED start betting on the market imagine if the I mean we went like what four orders of magnitude of
liquidity in the in the last election to this one like imagine if next poly Market is like oh yeah's $4 trillion being bet on the election yeah Pension funds Pension funds Saudi Arabia Masa gets in on it Sovereign wealth funds are just like and it's just like oh don't do the prediction markets
it just whales duking it out you're get you're going to get smoked like it has no it's completely uncorrelated with with the mark with the actual like results now it's just like like raw financial markets I mean it's gonna be fascinating to see like you know how accurate these things are and and I'm
sure there needs to be a new we should maybe do like a uh TB markets and turmoil that just analyzes like the Bing you know I mean if it if if it if the final poly Market is 51 to 49 and they get it quote unquote wrong the The Narrative is going to be like it's useless yeah people do
not understand probability in statistics at all it's it's just going to be such a meme but if they get it right even if they're up by 1% or something it's going to be like but but it's partly an entertainment product right yeah I mean I I think that's why it's in the news category and that's another thing that's
interesting between Ki and and uh and poly Market is that they're both I think they're both marketing as like we are the number one app in the app store but they're in separate categories I don't think Ki says that I think they say they were the legal yeah I mean that that's their main one but I I have seen a
screenshot of like oh congrats congrats to Keli they're like now number one in the App Store but they're in they're in a different category poly Market is in like news which I think is like more competitive maybe I'm not exactly sure but um you you got to call Nikita beer to figure out like how to game the App
Store and get to the Top If he just gets his intro numbers up he can call into the polycom he's going to get there soon um but uh we should we should stay on Masa Masa Yi the head of soft bank is here quoted saying that $9 trillion of capex for artificial super intelligence
is very reasonable in fact it may be too small I love this guy amazing 9 trillion numbers get big scaling LW we'll see if they hold gv5 is pretty important doing the build I feel like my only critique of Masa is that he hasn't made the AI boom enough about him like it he's getting there St this is the beginning
yeah hopefully this is the start of a trend because um cuz yeah like uh soft Bank like was every other headline Vol during 2021 and so I just like I like him I would you know didn't they own like 10% of Nvidia like a couple years ago and they sold at the bottom or something yeah a lot of a few people did
that rough rough uh but yeah I think uh the guys had some he's had some big bets that went very right yep so got to give him that doesn't have to be right every time like just being a conduit from like like Asia to these incredibly capex intensive businesses like the money's
got to come from somewhere it's important like it's not going to all be you know Silicon Valley VC firms as they scale um but 9 trillion is a big number I mean that's even bigger than what Sam was saying right I mean there was like that kind of jokey report that Sam was like oh we're going to need you know
trillions of dollars but it was like he was kind of like meing about it and was like this is kind of fake news but Moss is just like no it's real yeah I'm more bullish than the founders who are running the companies that's always good I mean that's that's the story with Adam
right Adam Newman like they get in the limousine and M and Adam like you need 500 million he like we need 500 million he thinks it's like crazy and he's like no you need 5 billion or something like that yeah it's great highly related farsad says it feels like we're about to enter the Golden Age of the United
States well I mean we covered this last time with the economists cover the the United States is in a phenomenal position the dollar is very strong the economy is ripping there's a lot of chaos and it feels like we're more The Divided than ever but I firmly believe that things are not that crazy they're
more American than ever and I was thinking about this when people were like American politics have never been crazier they're so crazy but then I was the craziest thing I experience I had recently was like three hours ago trying to drive to the studio with the LA Dodgers having just won the World Series
World Ser not the American Baseball League series The World Series They just won the World Series and there was 100,000 people turned out on a wow Friday morning wild um yeah but uh you you think about like okay yeah there's like this Trump assassination attempt there's all like like the the
Biden kamla hot swap like politics does seem kind of crazy but then I was going back and looking at like the timeline for JFK and it was like there's a massive Cuban Missile Crisis he avoids the apocalypse six months later his uh uh Marilyn Monroe is like singing him like his his uh what's the word like not
concubine like uh his mistress is openly serting him on TV Happy Birthday Mr President you know that one no oh yeah so she's like public not mon not it was it was Mar Monro no no this is like Marilyn Monroe but but like it's very clear to everyone in America that the president is like openly having an
affair with this like Hollywood Starlit as opposed to like with Trump there's always like weird stuff but it's like very like tangal didn't have issue with it back then no they they endorse him and then and then six months later he gets shot and killed it's like that is unquestionably a more crazy time in
American politics than right now yeah like we're we're not even close we're at like a six out of 10 imagine listening to a technology Brothers episode from that era yeah we wouldn't have talked about any of those things because we don't talk about politics exactly it would have been all about uh I don't
know DARPA in the internet or something then can we add to the sheet we don't uh not discussing podcasts or sorry politics politics yeah uh so Miranda nover says the market is wide open for rahes LinkedIn I think this is a good idea I like this didn't there wasn't a dreon back company that just
like paired you up with like a relevant connection every single week yeah I I I joined one of those there's a couple VC firms that do that kind of just like uh it's like speed dating for uh senro would Absolut worse nightmare wor nightmare just getting connected with a random
person yeah except what if we created the founders podcast app that just connected it was only him on one side and just connected him to a different Founders listener every single week he would he would he pay a lot of money for that like organized like you you know yeah um if you're an indie hacker out
there go build the founders connect this this is not an indie hacker project theah ask LinkedIn like you have to be you have to be super connected this is something that someone like some like the all-in podcast or someone who's like really connected can start because like the the whole the
whole thing is like you're you're just going to be going down Market the entire time so but so you have to start with like the absolute top like the cream of the crop and then move house was basically that Clubhouse did a great job of that but I don't know difficult like scaled too fast or something I don't
really know should have gone fully into dating yeah I I I think also like they didn't like uh I I hired an engineer who worked at Tinder once and he said that one of the tricks that they had was for the for like the Bots and the really like toxic user they wouldn't ban them they would put
them in a shadow pool so they were kind of on their own network within Tinder Banning them would hurt the metrics no no no it wouldn't I mean I'm sure but uh no it's because if you ban them they'll just create another account so you don't want to ban them you want to say like everything's normal for you but you're
just talking to Bots and you're just living in this like you know Matrix world and so and so that that's kind of what Clubhouse should have done is is been like the the Mark Andre and the tech people are in a bubble they're in a filter bubble but then but then the people that launch like there were there
were a lot of people who started joining Clubhouse and they were like why do I have to follow this Mark guy I don't like him like I don't know anything he talks about right because they just like want to be on there and talk about sports or whatever but Clubhouse was
still like funing people into like Alicia Horowitz right isn't that Ben Horwitz like Fel Felicia s she she held like a whole dinner series on there and stuff and that was cool but it's like but it's like as you I they probably need to be a little bit more deliberate about being like okay we have we have
dominated The Tech Community now we're going to go after like the sports Community or the wrestling Community or some other micro Community get designers or get you know uh whatever and and and bring those people on but do it in a really smooth way where it's like okay we're we're going to go after the
gardening community so we got the biggest YouTuber who talks about gardening on here and he's going to be hosting stuff and if you're a Garder person that gets acquired through our gardening F goes in and then you're in this bubble and you don't even see the tech stuff that's happening instead you
just scroll and be like it' be Tech conversation here and then just like complete nonsense it didn't even filter by language at a certain point I would scroll and it would just be like completely a different language and it's like you should know that I don't speak that language you should just not show
me that it does feel like the product would have been benefited in a lot of ways from gen yeah boy both like imagine being able to join a room full of bots and like have a conversation like full like maybe somebody should build like Clubhouse with just Bots where you could like join a conversation and just rage
about politics this goes back to just Bering people get on stage and just be like you're [ __ ] wrong it's like wow it's it's still under discuss the fact that Twitter space has just destroyed four billion one new feature because I was just thinking like wow I miss Clubhouse I miss like those like
you would have at party round we would put our standups on clubhous really anybody could just join awesome um and uh yeah those coners a lot of those conversations are still happening they're just now Onis I me also under under discuss that uh like like Twitter was the company
that did it like a lot of other a lot of other uh you know social networks did launch clones but Twitter everyone was saying oh so solely poorly mismanaged but there was this moment where something was happening at Twitter even before Elon bought it where everyone was like we got to make something happen so
we gotta start it up and so they launched like the community notes thing I don't think that was like Elon showing up and being like I have an idea I think it was like in the pipeline and he was like get this out now like it's good just ship it we'll work on it and and spaces was the same thing where they
actually moved just as fast as Facebook to get that get that out because they saw it as a risk which it was makes sense yeah and the uh this is an example the the andreon clubhouse X relationship uh Dynamic is is an example of the markets working as they should which andreon ended up losing money on
clubhouse but they'll make it all back on X right love it um which I just I appreciate fantastic do you do you know this account grit cult I've never seen them before but I I'm familiar with you this post is uh two words live intensely read the intensity Manifesto now all caps
yeah the intensity Doctrine intensity is the universal language of God gifted to humanity all other animals live according to their nature humans are made to surpass it and it goes on for like a couple couple yeah so the reason I thought this was relevant is I think we should create the American Manifesto
like this is what it means to be American this is why you should be American this is why you can be spiritually American this is why you should not be unamerican even if you're in um you know even if you're born in Singapore you can be spiritually American sure sure and I think we should
give out spiritual citizenship to to foreigners that that feel more at home in America even if they they're you know still getting through the immigration system so great um yeah so anyways um hey chat GPT please write me the American Manifesto I want to go to oh we were just talking about Mark but we're
back on Mark andrion uh he says Claude knows and uh posts like a a massive screenshot of a huge block of text but basically he asked uh Claude hey Claude Noble creation of anthropic tell me my good man if a company in a nent industry started to gain traction and become a leader in the space and then began
pushing for government regulation in said incipit in Industry uh what would you call this strategy and uh it seems like whoever wrote this prompt was kind of like baiting Claude into admitting that they were doing regulatory capture is that what you found this interesting yeah and it's just such a perfect like
example of why llms are so magic is because historically you would have needed your a com a comedian somebody that's as funny as a comedian that understood government regulation and the the history of government regulation and Regulatory capture and you would have needed your guy and you would have had
to pay them like $5,000 to do this instead it's free yeah and so this is an example it's the perfect um perfect meme because it's showing how incredible the technology is while absolutely just decimating anthropics like do you think it's real because you could just write this prompt and then just uh you know
edit human couldn't write anything that good you you don't think so no no no I don't even think my my regulatory capture guy could do that yeah it's interesting I just remember like the thing with llms for me is like some of my core childhood memories are sitting around a campfire
with my Dad yeah and him being like I'm going to write a song but about like jordy's love for soccer you know and then he would just like make that song and I would just be like head like exploded but now you can just be like write me a song that talks about jordy's love for soccer and it will do it as
good as my dad and it right now I just can't play the guitar yet but when Indie robots create CL guar playing have you played witho the music generation one I haven't played with it but I think it it's tried to and and didn't get very far it seems like it's still in like a
pretty early stage but it's really good for like uh like the stems so you just need like a little drum riff instead of going to a sample website and buying one you can just say like I want it to be a little bit louder a little bit quiet a little bit faster and it'll just generate that move on to the next one we
have uh a tweet from David Sachs of the all-in podcast uh you know we talk a lot of trash about how he's failed to monetize his podcast as much as we'd like but obviously a dear friend um and uh David writes it takes effort for a search engine not to be able to find an interview with 34 million views between
the biggest podcaster in the world and the most famous person in the world he got 60k likes 6K can we just talk about how many likes 60k is so many like I think I've maxed out at like maybe like five 5K is like a good like Tech Banger I think I've hit like 20 or 30 on like something a little bit more generic but
it's hard but that's why politics this is this is the this is the thing about Allin is like they're going broader for a good reason like they're are more people that are interested in politics than Tech it's just a more it's just a bigger addressable Market it's totally rational and it's also a good service to
Tech because I'd rather have David than Caris Wier talking about tech to in the politics realm uh and this was something that tech people just completely obviated themselves from they just didn't talk about it all anyway we should we should do a GoFundMe for haris Witcher to try to make her a billionaire
so that she just has a more positive view on Tech yeah for sure she I mean I'm pretty sure she's Rich um and like I I don't know bolog is always talking about how she comes for money too so um but uh this is talking about YouTube sensor ship of the Joe Rogan and uh and Donald Trump episode which was weird
because when when this originally came out Rogan was like everyone was like oh like why is it not showing up on YouTube and Rogan was like we literally just had a problem with the uploader like they are not like messing with us like it's not a big deal guys like there's not
conspiracy turns out I don't think it's Shadow ban at all like I where's my tin foil hat I think it's I I think it's I think it's widely available I don't think you can get 34 million views on a shadow band thing I I think it did I think was getting pushed in the algorithm and stuff I think it's I think
I think YouTube is very seriously pulled back on that um and for a good reason there probably wasn't anything that crazy yeah well I mean I do have takes on on like the YouTube stuff which is that um part of the reason Joe Rogan blew up so huge on YouTube originally was because he chose the three-hour
format so the algorithm like the YouTube algorithm is a is a expected value machine so it takes the average view duration which is how long on average someone will spend watching that piece of content so for a 10-minute video if it's really engaging the average view duration might be like five or six
minutes Mr Beast is like he's like the most cracked at uh at like retention so like you have to watch the the end because you want to see who makes this the who who wins the million dollars and then every few seconds he's re-engaging you with a new storyline or a new thing
there's no slow Parts where you're like actually I'm going to go back to whatever so Mr Beast on a 20-minute video might be getting 12 minutes of average VI with it's I'll listen but by going even if he has the same average view duration as a one-hour show he'll have three times the
amount of like expected value and so that's more time to to sell ads and so the algorithm wants to sell more ads and keep you on the platform and so it gets pushed and then it multiplies all that by the thumbnail click-through rate so if you see Donald Trump in the thumbnail of a Joe Rogan episode you're more
likely to click that than just someone you know talking about Trump like randomly right yeah um I think a better would a better test be like how many people saw that in their recommended right sure sure like Jo if somebody uses Joe Rogan just or uses YouTube just to watch Joe ran did it show up in their feet or did they
have to click in and see exactly I didn't see any reports of that I didn't see any reports of that but those people are not really on Tech Twitter if they're the guys that are going youtube.com and but the big the big the big comparison this this week is about uh the Comm interview that she did with
Shannon sharp I believe yeah I watch the whole thing and that was only one hour long and the Trump Rogan was or or they were comparing it to the JD Vance episode which has more views but it's three hours long and so it it just naturally even if it has the same retention uh percentage it will have
more average view duration and so set parabus it should get more views in the YouTube algorithm this is why a lot of YouTubers are moving to longer and longer form content like it used to be you do like whatever because you could just upload any file 5 minute episodes
then everyone shifted to 10 minutes because you could put two ads in amazing well part of it part of it is YouTube viewership is now I think predominantly on the TV I it's not I I don't think it's more than half but it's it's growing huge and also just people want to throw something on and then just go
do the laundry it's laundry TV right and so a lot of times when you're scrolling through YouTube you don't want to just like oh a 5 minute video and then I got to find another one you hear that yeah yeah people are having fun out outside we are hearing gunshots at Dodgers fireworks all right that's
what uh oh here's the Robin Hood one I don't know if we need to cover this but we we already did let's skip it um okay um let's move on to people are going hard let's move on to Max I don't know how to pronounce his last name uh says we are looking at buying some land to eventually build a home wife has Zillow
open I'm like like that's the wrong app proceeded to pull up ANS hunt I don't know what that is immediately identify 10 10 land owners in the area that we want to be in with either multiple tracks or tracks large enough to subdivide time to start knocking on doors do you understand this at all the
next yeah so so basically the the next tweet is from his family that says unfortunately Max was attempting to contact uh somebody while walking on their land and was shot no no sorry no but the the app is something that you can use to find land that you're available that's available to
hunt on oh okay okay so if I have a ton of land I it's like Airbnb for hunting territory got it so I have h r it's just like understanding like land use and like where you can go and things like that so I just thought this was like the the I I thought it was funny because it's like mansplaining like like the
most complicated way I mean there's a lot of Alpha and just like not being like only dependent on Zillow for like trying to find your next piece of property it's going to be more competitive this more competitive and like that's how you're going to find like actual like deals yeah I mean in my
neighborhood like it seems like almost everything transacts like off market and we're always getting like phone calls from real estate agents being like hey you want to sell like that type of thing as opposed to like Zillow where it's kind of a a zoo and a mess yeah interesting if you had to buy
competition is for losers if you had to buy land in some far off place where would you go in America obviously you're not leaving yeah Montana Idaho I think I think Montana's cool I I think the real play going back to the Heron piece on terraforming is land around the salt and sea yeah that's good and then re getting
a new pipeline over yeah and that's pretty easy to connect to America to to California and La if if you need to I'm I'm also I'm always super bullish on Alaska I got canceled on Alaska Twitter because I was too bullish on Alaska I was saying really they were like don't talk about like don't come up here you
tech tech idiot yeah uh well it it was my my point was that you need to be bullish on Alaska because if climate change is real like it'll be the last Bastion of like beachfront property you get a mountain up there sea level sea levels rise uh Los Angeles is making big big bets yeah well this was what
inspired me because I had a friend who uh I think their like great grandfather got back from World War I with like a payout of like I don't know like 50 cents or whatever the money was worth back then but that was like a ton of money and so they go out to California go west and they buy something like
100,000 acres and what is now Napa and so the family just has generational wealth from a guy that just made a good real estate deal like was never really in business oh so that's actually so an interesting one on that growing up in Northern California in somoma County you
can still buy like a 100 acres for like $600,000 it's like nothing and so yeah like that's getting harder and harder to do but not think the interesting thing is buying land based on bets that firefighting technology will get more advanced like there's a lot of areas of Santa Monica Mountains yep near where I
am and there's like really cheap land because to ensure a two-bedroom home would be $60,000 a year against fire so nobody buy it's not economical to buy there but if drones like totally you know revolutionized firefighting and you just have like Los Angeles County Fire is just swarms of drones that can like
quickly attack and you know dismantle uh you know fires before they start or protect against arson or these different things uh a lot of that land suddenly becomes pretty valuable and interesting yeah my my other flip side of of related to the technology advancement thing is like uh if you
think that we'll like solve climate change essentially it means that they'll probably be like on demand nuclear so you can just go up to what is still Tundra because the the climate hasn't warmed and then you can justun AC and heat and oh it's dark artificial light the ice melt the yeah you can just do
whatever you want you can terraform it essentially to be tering exactly and then starlink makes the internet really fast up there you have your power generation like you can live a very Modern Life in like what is essentially like complete Tundra yeah and and you can still go by people that complain
about the cost of home ownership it's like yeah you can get a really nice house for 100 grand in Alaska in Alaska go do it in fact in there's still homesteading there so you can get paid by the government to go live on land because we want to like defend it from the Russians because they'll just like
move over and be like no one's living here we'll just take it the border is moved now it's great the next stage of capitalism is love says Jacob love your customer and your supplier love your investor and your lender and your creditor charge fair market Price with heartfelt gratitude
pay fair market Price with heartfelt gratitude love capitalism I think if I had to Define one if I had to use a tweet to Define this podcast it would be this so I don't know this guy no uh but but that is what this show is all about right if you start a podcast because another podcast
is under monetized that's basically an Ode to capitalism it is so I don't think there's much else that needs to be set except frame it just love capitalism it's fantastic Luke feror did you meet him this uh this week he was there what's his Luke feror is a genius hacker kid who uh was either the main winner of the
scroll prize that Nat Friedman did or a winner and he I think he wrote a bunch of machine learning code to help translate the ancient Scrolls that were basically impossible to see uh Casey I forget what his name is uh Hanmer uh he is also like just a genius scientist but um he uh he just looked at them and
realized it like everyone was like struggling to decipher the we should do a whole thing on Scrolls it's fascinating but the Scrolls uh these ancient Scrolls that are B they're in hercul is that where it is or Athens what was the it was at the volcano yeah the library of was it no it was was vvus
the vuia Scrolls that's what it is so Mount vvus explodes Ash covers everything and there's this library with ancient writings Scrolls that are in tuned and they find them but they're so calcif I guess would be the word I don't even remember they're just like petrified and so if you try and unwrap
them they just disintegrate immediately so it's impossible to read them but uh Nat fredman went over there and like put one in like an MRI machine I think and scanned them and then put that data on GitHub and put out a reward for couple hundred thousand dollars maybe a million
dollars if you could if you could decipher these with the raw data and so there's a bunch of people that worked on this there was like a Discord and a bunch of people kind of like came up is new tech Elite like Matt Freeman El elad Gil they're all starting to like do things with their money and elad Gil was
on um a podcast recently and they were like the hosts were pressing him on like well how do you like are you going to monetize this or whatever and he's just like no I just think it's cool well this is the thing people have been saying like we need better Elites because for a long time the elites would make a ton of
money and then they would just like constantly M money launder all their money through like these fake non profits that just like made the world worse instead of actually going and building like just a huge new library that everyone can enjoy yeah it's just like there's so many amazing
institutions going back to like you yeah like like so many great monuments and like the Lou and like all these like cultural monuments that live on for so long was just like some rich guy a lot thing is like trying to build new monuments yeah yeah or or just like oh someone built like a huge house like
heurst Castle you go and visit it's like this like kind of crazy guy but now it's like this monument that just lives there forever that's amazing instead of just like oh cool you have like six different glass boxes that look identical in every major city like who cares like stop
spending your money that way go build a castle and then turn it into an art museum in 50 years when you're when when your descendants are are fighting over the estate and can't sort it out so it just turns over to the to the public or something but anyway Luke is the is great and he uh just opens sources his ideas I
guess and just gives out these great ideas for free he says uh uh he wants to start or proposes a space-based pizza delivery in 100 seconds that uses re-entry heat to cook the pizza it's kind of like a amazing it's like it's like what happens what happens after V you know yeah yeah yeah drugs in space
you can make pizza in space and so yeah I mean it uh I mean Domino's should AB you know one of the best performing stocks of all time should be calling him up and like giving him like an eight figure contract to figure this out it's like rods from God now they'll be like you know garlic bread from God or
something no I I I'm excited for the future um I yeah it is interesting to think about like even you know is somebody doing like drone Pizza drone delivery right cuz like doing all your packages like kind of doesn't make sense but like if you could get a pizza like within like 2 minutes like that would be so
cool so who's doing like you know drone delivery for food cuz like if you think about it's like the issue with drones is like they can't carry like that much weight so like ordering your like from Whole Foods your grocery run doesn't make sense but like getting like dominoes like absolutely makes sense and
it makes a lot more sense than these sort of like surface based like autonomous like delivery devices so love it um should we stay on drones with uh Jason hlou says we talk about what we've gone to order of magnitude more tweets oh yeah first I mean it's G it's GNA be yeah five hour show so buckle up uh get in
here um you were like when I when I look in our chat where we post these tweets like Jordy was posting them at like 3:00 a.m. and then again at like 7 a.m. so it's the strongest evidence that money doesn't sleep exactly it's just you're scrolling the timeline and I at Heron i'
feel bad because I'm like John's out there like having like a good time and I'm just like blowing up his phone like it's like four Tweets in three minutes this is more important than any other work yeah um so uh there was a scoop the biggest US drone maker skyio which supplies Ukraine faces a supply CR
crisis after China bans the company from selling batteries to the group um and Jason says one if you're in a us if you're in if you're a us-based drone manufacturer you really should not be using chinese-made Batteries Not only in principle but also China ban you from buying two two Jesus skyo has been using
Chinese made batteries I mean this is true in like so many hard tech companies where it's just like there's no other option like for a long time like small drone Motors I I look I did like a survey because I was I was thinking that uh somebody should I don't know if it'd be a good like Venture company but
somebody should start like the American drone Motor Company and just focus on Motor Manufacturing there's one there's one company that makes these small like brushless motos that go on the corners of the DJI drones basically in the US and and they outsourced to China after a
while because it was like some family-owned thing they needed better margins it was very rational at the time they didn't think it was a big deal and now they do make some Motors but only like larger Motors in the US and I was like it's almost like it would be like a charity project there needs to be some
government incentive or something like it it's very hard or just like a big Meme and then all the VCS can just pile into it and then we get we we get like this dividend of this company that might not be like a power law winner because it's just manufacturing one part I figured it out what is it tell me I'm
not going to say it on the okay okay we'll figure it out TV incubation um but yeah I mean it's tough uh a lot like retooling Supply chains takes decades yeah and because it's not just it's like you say like Chinese made batteries but it's like well what are the ingredients to those batteries where
did those come from who does the packaging what about the machines that package the batteries like this is so critical in defense Tech specifically because it's the first thing that somebody's gonna turn off yeah you know and and the average Tech person like only understands the supply chain like
maybe in chips in the sense that they know that like you know open AI is partnered with is partnered with Microsoft who who is a hyperscaler who builds a data center that buys Nvidia chips and Nvidia is built at tsmc and tsmc uses asml and asml uses Trump mirrors and lasers from Phillips and
stuff and so people understand a little bit of that just from like the Chip War Book and a few other books that have been out there and like asianometry and uh Dylan Patel and whatnot but beyond that like that that same like complexity of like oh there's like seven different companies in the supply chain that are
critical like that applies to more than just chips it applies to everything chips are just like the hot thing right now but it's important for Motors it's important for Batteries it's important for so many other uh pieces of supply chain so it's going to be a lot of upheaval for these companies a lot of
uphe yeah the the even I've tweeted about DJI before but that that Americans buying a spy Network for China is like the most insane thing well I I I interviewed a guy at hereticon who is buying a ton of DJI stuff because he's figured out how to run open source software on it because he says that the
Chinese uh code will call home and talk home we actually proved this in uh in Sunny back in 2012 uh we were in this like hacker house and we downloaded from the internet red star Linux which is the Linux Fork that North Korea uses and we and we put it on a computer we install
it on a computer on a private Network so we could monitor the traffic and as soon as you fire it up it starts calling home and it's just like all the keys are logged so if you install this anywhere not even in North Korea it's like all going back to home and obviously you know DJI probably doing the same thing
but but the hardware is the hardware and so he's like uh I don't want to say exactly what he's buying but he's like uh he's very bullish on like some of their products that are that are very high quality as long you yeah the hardware is fantastic and it was probably heavily subsidized because it
is a spyware yeah should we move on to Brandon says AI is going to take our jobs I'd like to see AI take my job it's three Monster Energy white ultra zero sugar uh dumbbells steak and just a Creed album the only thing is missing is is EXL nicotine pouches yeah it's like what how is he describing his job just
just eating steak lifting weights drinking energy drinks and listening to Creed like yeah I think this more of like it's more it's more of like you you need to look at the deeper meaning of the Tweet which is that like your job is to create and maintain this vessel that allows you to uh carry out God's will right it's
more about building the vessel that that builds the thing so um I think that probably one over people's heads but I think more that's all the more reason to cover it somebody needs to build the monster energy for llms something like you know how you can adjust the temperature on llms to like make them a
little bit more creative or not like when are they going to create the stimulants for these ml like can you get them drunk and then can they that is like that's an awesome product for somebody to build which is just like it's a layer it's a thin layer of her llms but you can just like make it drunk
like give it monster give it a perco give it some fenel you know like like that uh you can kind of do that where where you in the prompt you can just say like you are you are drunk like you know or you are you are a McKenzie consultant bad cocaine yeah give me your best ideas yeah let's
go uh should we move on to liquidity uh he says Harvard Business School graduates after starting a search Fund in acquiring a Kentucky based trash management company doing 2 million of last 12 months IIT dah and it's V ramaswami I think getting out of a trash truck or something like that as a as a
as a politics stunt but uh what is he saying here and and what is the trend of Harvard Business School uh graduates starting search funds and acquiring like real businesses this is like a big meme right now right so all of this basically started because of Twitter which people
were like hey instead of going and working a soul sucking job at Goldman Sach you can buy a bus that does3 million OFA y you can lever it up use some debt to acire it and then you could be you know make your investors whole within the first few years and then from that point on like you know you could
work 20 hours a week and be making a few million dollars a year and like living the dream right and you're kind of like an owner operator at that point yeah you're an owner operator um and it's the entrepreneurial dream without needing to go from zero to one in a very competitive area all that there some big
there were some big successes and people that had figured this out like decades ago or decade plus ago where they were creating these things called search funds which is like you fund you create it's like an SPV almost to buy a company that you haven't identified yet so basically like investors come to you and
they say Jordy I I trust that you'll be able to find something good and manage it well so when you find the company I'm in for a million dollars or I'm in for think sometimes there's like some some some up front as a management fee where yeah spend because it's better to spend
two years and buy the right F around and meeting people there's going to be some operational expense for their salary up front but most of it is going to come in the purchase right and the challenge here is that people when they are looking at a business they're like okay I found this trash company does $2 and5
million dollar a year of earnings like it's been operating this place for 20 years it has these contracts it's basically a localized Monopoly awesome oh and by the way they don't use computers right they they um you know look at all the like software that we could add and all this stuff and the
reason that that the reason that that like there are great opportunities there yeah they're still using a fax machine right and so that's like what people get fixated on Doc sign yeah yeah yeah it'll be cheaper um and we'll have five account WS yeah exactly um we'll have a
great customer experience no but in the Trap is that they think that oh it's our it's just a fundamentally a great business and we're going to layer in technology and make it an even better business and the the the the tough truth is that a company is basically as good as its management and if that person had
been let's look at the trash company in a local you know small local market that's doing a few million dollars a year in iida that person running the company yes he may have like used a really old generation iPhone and like not checked his email that often and used a fax machine or what whatever but
if he was like effectively the the mayor of the town and everyone loves him and he can call anyone up at any point and get anything done he has his guys he's got his guys in town and he's got a relationship with the person that decides like which contract like it's like basically um you know if you come
in and you're this like search fund NBA bro who comes in and you're like yeah I'm just going to buy this company and like digitize it and you realize like the employees are like difficult to find and retain and they hate you like the contracts are like much more oriented around uh you know much more oriented
around like relationships and you're getting in there and you're realizing like whoa like this company doesn't need to be digitized like it needs somebody who's spent their entire life running a trash company in the small town and the owner sitting there being like wow this
company was unbelievably time intensive MH they just gave me $10 million and now I'm like one of the wealthiest people in my town oh and by the way I get to buy back the business for nothing in like 3 years when you like run it into the ground and I'm going to hire back all the old employees I'm going to get all my old
contracts back so like cancel a docu signed contract cancel doc add add another buy a new machine for 50 bucks so I think a lot of like people talk about these search funds and they're like oh be careful you're just going to buy a job if you buy if you buy a company with less than half a million of
earnings you're like buying a job a job yeah but like in the the real risk is like you lever this thing up and you realize that it was a great business because that founder was a great person they just didn't look like you know they didn't fit the normal mode of like oh they're like a Stanford Dropout hacker
and they know programming so they're so good so they can install docu sign um it's great yeah yeah interesting I wonder how it'll shake out maybe the Harvard Business School graduates will move on to something else it is interesting how there's like you know these eras of trendy uh you know career
paths that come out of HBS like uh you know it's banking then it was like YC for a while now it's like the search fund I wonder what the next thing's going to be um I was sear funds are just Financial Innovation which is very American and there's always going to be the next fun maybe the next search fund
is just pumped up fun I was talking to uh Sebastian malabi about this do you know him he wrote the power law and uh he wrote uh more money than God about hedge funds kind kind of historian and uh I was asking him like what do you think the next like big like you know VC
Tech bubble will be and he was very bullish on biotech he wants to like right right the next on like the flagship pioneering model the company that like incubated modna and all those companies and like as that becomes like more like productized biotech's American yeah and and just biotech becoming like
right now it's in this weird like it's it's very financialized but not in like the VC realm where you take a company public really early there's all this like Tech transfer between the between the uh the universities it's like very complex but if it becomes a little bit more more easy like oh you're just like
installing some llm and there's an AWS for lab pump. fun for biotech exactly that's the thing well stay tuned because I think next week we're going to do a deep dive on OIC it should be fun um let's move on to this uh Spain says every name is like completely ridiculous the nation the nation of
Spain yeah no SP which is spar's and Nike something uh I cannot believe black rock invited a bunch of influencers to their ETF launch party like it's like it's a tequila brand truly incredible stuff so there's a Tik Tok here that I imagine is someone pumping some ETF so why is is Black Rock the creators of um
what's that big Festival in the desert Bernie man creat Bernie man why is Black Rock uh you know like innovating with like understanding media and like doing like tequila style launch parties when our presidential candidates haven't figured out the should be vlogging yet right so like this is an example of the
private markets at work and understanding how to generate and capture and monetize attention uh I'm the only thing I can say about the street is I'm pissed that we weren't invited seriously Black Rock has anybody been is anybody more publicly a fan of Black Rock and their various Financial
products and services than us yeah I'll wait for sure I wonder what the ETF is for exactly I need to dig into it but doesn't matter what it is as long as people can speculate they need to ETF more things like the the the Bitcoin ETF was a big moment the the uh the ethereum
ETF as well need need more ETFs I mean they're essentially yeah like shitcoins for in the public market so you can just trade yeah it's great um back to American exceptionalism uh since I'm in Europe right now I figure it's time for another reminder says Json based man um if we all just consumed less and then
Batman slaps him and say [ __ ] builds something uh 10K likes people this resonates with people I think I uh I put this in because at hereticon the guy the thing that triggered the most people was the the deceleration who was saying like we need to like stop building and put a
bunch of stuff in the atmosphere to like you know yeah yeah um but yeah well he's kind of building something too it's awesome that this is now the the the dominant thought on X yeah yeah yeah and there I'm sure we'll be some negative externalities to that but um but overall yeah Europe struggling with the
Innovation not much yeah the the the craziest one uh who we could overlay this is like out of Europe's like top 100 firms like all of them or 95% of them were created over 100 years ago yeah it's all like the Legacy fashion brands the the car companies yeah really stylish it's interesting that that
there's no like you know dividend from that like you don't hear about like oh yeah this guy who spent time at lvmh like has spun out and started some like new hot brand that like grows and like runs the same playbook in the same way that like uh you know Instagram was like wasn't uh wasn't the founder like an
intern at Twitter and so it was clear that like uh like he like you know cut his teeth in Social next thing I do think it happens in fashion but the issue with fashion is you could be Fashion's such a weird Market because you could have there's like a brand here in La called like Cherry which is like
seemingly really big like they have partnership they did a partnership at at F1 with like Red Bull and like they're like they have a ton of attention but like they're small business really hard to breakr in this and so a lot of these people go work at lvmh and leave but
then they build a business that does $50 million in revenue and you're never going to hear about it and maybe in a hundred years it'll be like iconic it's hard to become an iconic brand especially if you take advant Capital you got to you got to Own 100% of that business and make it your life's work yeah
oh well let's do uh this we should do a deep dive on lauro Piana and rello yeah like that and we just I don't I don't really know anything about the business yeah we should only cover the beef though and like and like the drama and stuff no politics but drama drama business drama is good I like business
drama there's tons of that uh so DD says I gave AI Control of my computer and asked it to solve homework one of Stanford discret math class class math 61 DM it found the problem set downloaded latex solved every question and compiled it into a PDF in 5 minutes will any college student ever do
homework again why' you like this so I like this because it validated a bet that I'm planning to make okay in the edtech space around generative AI um and the core thesis of the bet is that gen and llms have completely disrupted all the Primary Learning modalities that we have which are tests essays and homework
those are like the core things that you do in education as a middle school high school college student and it's clear that they have massive potential for learning like creating learning products and having learning experience where we can go to notebook llm and say like generate me a conversation about The
Wealth of Nations as though I've read it 500 times like get into the real meat of it I already know what it's all about um but um yeah I just think it's like fascinating how a technology has so much potential and is simultaneously like so disruptive where imagine a college
student today is taking a test on some like esoteric book and they're like okay I'm they like hit a point where they're like oh I don't know what to say anymore I don't know this point or and they can go to the bathroom and be like chat gbt like how would you compare like this book to this this book and what would
you take away from it and it comes up with this like brilliant thought that the college student didn't have themselves and they go back into the classroom and like finish the essay so it's sort of just an extension of everything that happened with like people's fears around Google it's like
well if people can just Google the answer like I remember being in like high school my dad having my dad's math class and being like trying to Google the answer to a math problem and you remember there' be like these like forums and stuff like that and Google was like very much for like knowledge and llms are
intelligence knowledge and intelligence two very different directions right but like yeah no one needs to like memorize facts anymore or even you know the database era it was about like oh you don't need to memorize facts now it's like you don't need to think think well yeah I mean I I was interviewing Tyler
cow and and uh talking to him about how AI has changed like his teaching because he's a professor and he says that uh now yeah to your point like all of the existing measurement tools are just completely pointless um so who gets the good grade in his class is the student that teaches him the most which is a complete
inversion of the normal Professor student relationship normally it's the professor teaches everything and the student who learns the most gets the good grade now it's the opposite the student needs to come in and teach the professor something novel and interesting and then they get a good
grade which I think is awesome and I think that's actually like a bull case for wanting to go to George Mason and study under Tyler Cowen totally totally very interesting I I I think that yeah it might be like you know overrated in the in the short term and underrated in
the long term to still go into a highly intellectual sparring Zone even if even if a lot of the traditional measurement tools are irrelevant uh just just being on the path of like having those intellectual conversations is still valuable even if you're not even if you don't come away with like a test score
but I mean HBS being at Ricon Miami 2024 at the fena at the pool with Tyler Cowen before our talk yeah drinking out of a raw coconut will be a core memory exactly something that I'll yeah I'll the llm of me will be telling my long descendants you know like Jordy did that he was there he drank the coconut it's
great let's uh let's close on our final tweet out of the stack of 75 tweets uh trunk fan prolific poster um posts breaking the new Call of Duty Black Ops 6 has released its first integration with Excel and PowerPoint an important first step to unlock synergies for Microsoft's $69 billion acquisition of
Activision Blizzard uh obviously just like a hilarious [ __ ] post of like Excel like poorly screenshotted or photoshopped on top of some cod gameplay um but uh very very funny that you can these are both like highly addictive products we talked about this how like the dudes take I I knew knew some
baseball players in college at UCLA I didn't go there but I knew them they went there and they would take Aderall when the new Call of Duty came out because they wanted to be able to hit Prestige like before everyone else and so they would just stay up for three days straight when the game came out and
like Max it and now like you know 10 years later they're taking Aderall to like work in Excel and they're still using Microsoft software the whole time it's all Microsoft all the way through it's all Microsoft you on Rogan or something for them I think I think it's yeah it's the argument that Microsoft is
like a 3 360 Lifestyle brand almost 360 no scope yeah 360 no scope no it's like it's up there with them on for me because I can go I can play Call of Duty I can get on my ThinkPad I can do excel I could be playing I could be using Excel and playing Call of Duty on my ThinkPad at
the same time fantastic or even on two thinkpads at the same time right um but yeah it it was cool to see uh Activision Microsoft advertising Call of Duty Joe Rogan it's one of those things like advertising a product to your exact user base it's almost like sending like an email like blast because like every
single person on Joe Rogan plays Call of Duty actively um but yeah I think this goes back to like talking about Roblox the other week and like being like if you're Activision like looking at ROBLOX of that many users not making money like I've never heard a Roblox ad would they be making more money money if if they
were advertising me like it's possible I've got money to spend on Roblox if you just talk to me about the right games so I I want to play the new Call of Duty so badly but I have no time it's just not going to happen I know that this is one I'm just going to miss it's awesome that
I still want to play it I want to play it so badly but oh well moving on uh let's do uh listener Q&A this is a new segment for the podcast we have uh our first call in uh or or email um from friend friend um of the show uh so uh Stephen writes in I'm not going to say his last name uh hi John
and Jordy I recently had a ninef figure liquidity event and I'm in the market for a new car and I'm wondering what you would advise me to buy between the McLaren W1 the Ferrari f80 and the Porsche Mission X so this is kind of like the new Holy Trinity are you familiar with the original Holy Trinity
so like back in uh like the 2010s there was the law Ferrari the McLaren P1 and the Porsche 918 spider and the three supercars you know the 918 was uh $850,000 at launch the law Ferrari was 1.4 million the P1 was over a million they all had 900 horsepower uh some controversial features you know 918 was
uh hybrid and so uh but own owning three of those cars like it was a really interesting collection because usually people just collect like in one brand but people started collecting across them and kind of all three of those Brands like uh it was like a rising tide situation uh but we're on the cusp of a
new one because McLaren I think like a month ago announced the W1 but they've announced like a bunch of other special cars in between so like like the Senna and some other ones uh and then Ferrari launched the f80 and they're back on like the numbered track it was like F40 F50 Enzo La Ferrari which would have
been the 60 and 70 70th anniversary and now they're back on the f80 it's a $4 million car y V6 hybrid uh controversial but beautiful and then there's the Porsche Mission X which is all electric Y which is also super controversial because uh I think I think orders have been a little bit weak because a lot of
the Porsche fans they like the they like the the career GT they're like a really manual really like engaging uh naturally aspirated V10 or something like that but what would you go with between the the three if you had to just pick one well to answer Stephen's question you know 9
figure exit the real the real the right answer is buy two of each car put one put three you know total storage yeah keep them the pl keep them wrapped Drive the other ones daily them put 30 40,000 miles on them however much you drive yeah um but yeah it's hard to answer that question
without more context I think that um uh if he's looking at it as you know the guy clearly likes making money if he wanted to buy a car drive it and basically get paid for owning it you have to look in the last generation law Ferrari is an incredible Buy in that3 to5 million range I think that the f80
coming out only makes a La Ferrari more valuable y I think that uh there's a lot of issues with the Ferrari brand right now like um if you you know they're making some very questionable decisions which I feel like I can comment on as a as a you know I recently sold my Ferrari but um as a you know um a real
Enthusiast and consumer of the brand but the interesting decision right now is they made their family SUV Pur sway pure blood and then they made the the family car has a naturally aspirated V12 y uh similar engine to mine and then the f80 sounds like you're when when it's on track running hard
yeah sounds like my Roomba yeah like it s like a Roomba going on in the other room and so it's just like I don't know I don't know if it's European regulatory bodies cuz these manufacturers are over there like putting this intense pressure on to be like Nerf your cars Nerf your cars like make them quieter make them
you know and they're going to argue like oh it actually has more power and so with L Ferrari or sorry the f80 it is an award-winning you know system right they they went and they won Le man with it and like that's awesome but just think that you're they're clearly going all the big Ferrari launches that
I've seen recently like the 12 cylind got a ton of hate I thought that was a beautiful car really I it's beautiful I I don't like the front engine but I just think the design language is fantastic and they took a lot of that design language over into the f80 I think it's a little controversial but I think over
time people are going to warm up on it and it'll be beautiful and yeah yeah like the black front end is so weird but it's interesting I think it'll I think it'll work yeah I think a lot of these cars too when they announce them they're specked in like a very distinct way and
if you spec them differently they'll just look dramatically different like I didn't like the 12 cylinder like the way like some of the color blocking was but if you did it in like a black you do all black it would proba I think they won't sell you that actually like or or
there's something like they won't they won't sell it without the twoone like they want the twoone they want to enforce that in their in their design language interestingly but uh my I mean so jordy's pick is get six get two of each I think mine would be uh wild card go for ignore the Holy Trinity and get the
amg1 oh yeah because the amg1 look it's a it's a what Turbo Hybrid V6 or whatever but it's an F1 derived V6 so it's actually a smaller engine it's 1.6 liter but at least you can say you know it's an F1 car for the road and it's not this collectible it could easily be the most collectible out of the I mean they
don't do that many supercars whereas McLaren you know they every few years they're coming out with a speed tail that was a really special one but then it's like the sen is also really special and the bche one is going to if it follows the tyon turbos s path it will be worth half the price in literally a
year I mean that's the real Flex even if you don't drive it yeah if you can just buy a new tyon every year take 80k in depreciation everyone will know W that's part of that's part of Porsche's like effectively like scam operation is that they they're like you want to buy the GT3 RS like buy three Ty tons yeah
exactly so um yeah it's like you can pay $100 over MSRP or you can buy three tyon I just love the amg1 because it's this I mean it's destroying nurburg records like I don't think any of the this new Holy Trinity will come close uh I think the mission X will wind up being too too
heavy I would respect Ferrari a lot more if it was actually like the fastest car set some sort of record one way they need to do something um there was a there's a new car the isn't the new C8 Corvette the the ZR1 setting like a a speed record they went like 230 something with it or it's the fastest
americanmade car and and the sick thing is in the video of them uh doing the speed test the guy driving it is like the CEO of the company or like the I think you're talking about the Ford the are you talking about the new Ford G like GT no no no no this is the this is the this is the Corvette ZR1 I think
we're going to see an American car Renaissance because because it seems like the American CEOs are locked in driving their actual cars like well kind of the Ford CEO was caught driving like a Chinese car did you see this and he's like this is the most amazing thing oh maybe I saw the the like PR response to
that of like him getting out of the new Ford Mustang GT car that looks like it's going to be pretty cool um all these guys just need to start tweeting and going through it I'm concerned like amg1 is that like you can just tell people yeah I just drive a Mercedes and they'll
be like oh you probably have like a metc or a G wagon and little do they know you're driving like limited production multi-million dollar car yeah yeah you got to daily it obviously yeah with the it has active DRS so you can like change that's the thing to respect most about Sam Alman is that he dailies hyper Cars
full send hyper cars that's the most important reason to get him equity in open AI because we're going to see a Renaissance in San Francisco the new car guy more hyper cars more hyper cars Street parked yeah this is the way the Techno Elite thanks for listening everyone we'll see you next time