welcome to technology Brothers the most profitable podcast in the world today we have a new segment to congratulate any deal of large size but today we're going to Doug burnau at radiant Technologies they make nuclear power plants and they nuclear reactors and they launched a $100 million series a today Jordy can we hit the size gong for Doug congratulations congratulations to
Doug and the entire radiant team I've gotten to know Doug over the past couple months awesome guy former SpaceX uh fantastic engineer and he writes uh we at radiant nuclear are announcing our $100 million series C today our plan is to test new our new reactor design at inl that's the Idaho National Laboratory begin Mass manufacturing reactors and deliver one megawatt reactors to
critical areas across the globe reach out if you'd like to join us and build a new atom splitting machine and he uh Clips the uh AOS report and uh just to be clear you don't need to do a 9 figure deal to to benefit from the size gong uh it's more about like the the weight of the deal Spirit of it exact anyone who's punching above their weight significance of what you're doing so but this is
awesome do you know about this company radiant uh little it's really cool yeah they're so they're replacing the diesel generators that are typically one megawatt so it's not like the big nuclear power plants with the Smoke Stacks it's essentially the size of a shipping container and they're going to be able to for deploy it onto military base uh even oil and gas extraction like you
need power and often times you have to truck in diesel so anywhere where it's hard to get uh energy you just drop one of these down and it's good for like five or 10 years or something and then you reload it so yeah it's just fantastic we we might be able to we've been doing a lot of like coold powered AI data centers we might be able to kind of swap in what they're doing for I mean
the the crazy uh like obviously this is going to be heavily you know purchased by the government first and then you know large corporations and and you know industrial companies but I love the idea of getting like a massive massive Ranch in Alaska and just throwing one of these on it and just having so much power and then starlink so great internet just yeah just heat the whole place which
just clean it's amazing it'd be phenomenal no you could actually probably run like rods through like the ground to just like melt all of the The Ice that's one of the benefit is that it it puts out electricity but it also puts out waste heat so you can use the waste heat in different ways you can like and heating too um but yeah it's it's super cool and Doug is the man he's just
like Inc te we need to do the first uh nuclear powered wave pool because like wave pools are super energy intensive right because you're just like produc you're having to like move are you talking about the thing like it's like a train that goes down that's Kelly there others that are better kind of like formats that are closer to like real surfing yeah yeah uh so doing uh that'd be a good TB incubation is nuclear
powered wave pools be great I love it well congrats to Doug congrats to the radiant nuclear team and congrats on winning the very first recommendation or recognition from the size gong first to many let's move to our top story today uh we're talking about OIC and specifically who is getting rich off of OIC obviously OIC was yeah if you're not right now feel bad about it it's the
best day to start making money off of OIC um yeah I mean this is a huge story in 2021 when all the celebrities started using OIC that's when it actually got approved um a little bit of background uh simag glutide is the the the name of the actual chemical um started off as a diabetes medication right yeah then Pharma company Novo Nordisk developed it in the early 2010s and the FDA approved
it under the brand names OIC for the injectable um patients reported significant weight loss as a side effect and eventually the FDA in 2021 uh approved semaglutide as a weight loss product under the brand name wagi and so today I want to go through uh two articles from astral codex 10 Scott Alexander um one on trying to investigate the question of why OIC cures seemingly all diseases it seems to
be this miracle drug we're going to go back and forth on this I'm sure the tinfoil hat will come out at least once um and then we're going to move on to kind of the economics of the industry how big could this be and we'll close with who really made money on this and how can you maybe make some money yourself in the OIC boom that's continuing to go on uh the numbers are
insane when you dig into them um so let's start with um this article why does OIC cure all diseases uh this is like a pattern that happens whenever there's a new drug this happened with statins and this happened with ssris where there's some new drug it has some amazing facts and then all of a sudden like the scientific Community starts you know digging into all these different you see this with OIC where it's like it
started with diabetes then it went to obesity now it's like oh well it stops you from gambling and it also you know has all these KnockOn effects but so far people are pretty pretty like stumped as to how this actually works and so Scott Alexander did a great job kind of breaking this down um the main thing that's going on that you know he starts with in terms of diabetes is that uh
when you eat a meal it increases blood sugar and your but and your body wants to push blood sugar back down so gp1 tells the pancreas to release more insulin to regulate that sugar so you're basically just upregulating the natural insulin production um and the background on this so diabetes involves excessive blood sugar um so this is the profile that you want for an anti-diabetic drug
but natural glp1 dis decays within a minute or two so you eat you get this slight spike in gp1 that releases this insulin and starts controlling your blood sugar but then it goes away after an hour or two and the whole the reason why OIC is so big is that it's a weekly injection so the halflife has just been stretched and this started almost I guess 30 years ago over 30 years ago in
1992 and this is where it gets really tinfoil at you know where it came from the heila monster have you seen this no this is the this is the monster no way so the heila monster is this it's a reptile F it's a reptile and it's basically this giant lizard I remember learning about this thing as a kid so you know the whole backstory on like so Diabetes Type 1 diabetes which primarily
affects children yep when it first sort of uh emerged and people start started to understand it it was just a death sentence like if you had it you were going to have a terrible quality of life for a really long time the acquired FM guys did a really big deep dive into Nova Nordisk which we'll obviously talk about yeah and they basically were talking about how like the primary treatment method was to just starve
yourself like have like 200 400 calories a day caloric restri and uh that would sort of extend your lifetime long enough the theory was for like some type of cure to emerge much later people discovered that you could take uh effectively the hormones out of the pancreases of like pigs and cows and things like that and so all of the first sort of like insulin uh Replacements or
synthetic insulin was like take taken from the pancreas of uh cows and pigs and and all these different animals The Challenge there is you would need like H you know one person to get their insulin for a year 100 Pigs sorry pea it would take like no thousands basically it means the same thing with thyroid medication a lot of times it just ground up thyroid from another animal and then
eventually they create the synthetic version um but yeah I mean so the the in 1992 scientists discovered a chemical in the hila monster ven which looked like gp1 and it lasted a whole 2 hours and so that was like the first breakthrough to realize that there were versions of gp1s uh which is glucagon like protein or peptide one um gp1s that could last longer and so this became exenatide the first glp1 receptor
Agonist uh one of my favorite paper names is from the G from the heila monster to the pharmacy and then by playing you know that was a big that was a big innovation in in is just uh uh Novo I don't know if it was Novo and Nordisk were initially two different companies and I don't know which one discovered it but they figured out that you could do there were sort of like uh
forms of insulin that had a longer halflife in the human body yep and that was big in uh Innovation because somebody could like be on this thing that sort of had this steady state response and then take like um more precise dosages more spaced out yeah I mean there's a whole Trend in drug development about just like create something that's a breakthrough and then figure out how to create an extended
release version XR XR yeah it's kind of the same thing so basically the last 30 years the story of glp1 is just grinding to create longer and longer Half-Life versions so they play around with it structure eventually they create Li glutide which lasts 12 hours then semaglutide which is one week and then krag glutide which is one month which I don't think is on the on the market yet
but now there like the the OIC we need it's just you never again basically I wouldn't be surprised somebody's working on it um but yeah uh it's uh so so the the the role of gp1s as weight loss was kind of accidental they were targeting um uh diabetes diabetes as as we mentioned which is a symptom of being overweight Y and and I think in general uh Pharma companies don't tend to go
after weight loss drugs you know why why well one reason is because Medicare doesn't cover weight lugs which is insane because being overweight and the fact that so much of our population is overweighed is like the biggest drag on government you know spending and the economy overall right you think that you think the US government at the federal level would say let's FastTrack glp1
being covered by Medicare because it's going to save us so much money in all these other ways even though it is this sort of incremental cost initially well I mean there's another thing where it like just to kind of Steelman how we got here with the current Healthcare structure like it does kind of make sense if you go back 50 years and you look at or 70 years and you look at
pictures of beaches like America wasn't this obese so it wasn't that much of a problem and the big like ohshit moment that happens in healthcare is like you get hit by a bus you break your leg you go to the hospital and you're and there's like a team of really really experienced doctors working on you for like a week and it's like those people are need to be paid a lot and then everything that they're doing all the
equipment is expensive and so I think I I have the breakdown here but um a fair amount yeah here it is uh like hospital care is 31% of US national health care expenses yeah um uh actual drugs outpatient prescription drugs is only 8% yeah and that and like yeah we we can talk about okay yeah now we should be thinking Upstream now a lot of that hospital care spending is people in the last month of their
life that are just sort of like needing intensive care in order to kind of go intellectually we should be avoiding getting people into the hospital but that wasn't that wasn't kind of the theory behind Medicare and Medicaid when they were in like kind of created um and so there's been this question with like how do gp1s work like is it on your brain or is it on your body like yeah
obviously if you're uh you know if you're taking caffeine or something that's just like purely in your brain like stimulating you you're more likely to go for a walk you're more likely to out same thing with nicotine this is like a brain chemical versus like liposuction it's like very clearly that's like a body thing and so they actually this is fascinating like uh so
they knew it worked they knew that people were were losing weight because they were prescribing gp1s to diabetics and but they didn't know is is it a brain thing or a body thing and so what they did was they bred rats that had gp1 uh receptors only in their brain and then a separate group of rats only have it in their body and so then they could see and it was the brain that mattered
and it's very weird because it goes in so they can dye it with uh they can dye the chemical with like this like fluorescent light or something that you can see under some sort of X-ray um and they and they can see where goes in the brain and typically it's really hard to get a large molecule into the brain something like nicotine is like a really small molecule it can just kind of
permeate the blood brain barrier but for yes it's fantastic but but for um but for larger molecules in gp1s it's this peptide it has this lipid chain on it it's a pretty fat molecule but it can permeate like the brain stem a little bit and so that's where it gets in get up there get up there yeah and and and so they basically they basically narrowed it down now to understand that it's it's almost certainly going through
the brain um but there are kind of like still two different Pathways that they go through the mes Olympic system um and uh and and and these glp1 neurotransmitters um but uh I mean there's there's so much more to go into because now because gp1s are seen as this great modulator of hunger essentially it's like the hunger switch yeah um but it also makes people less impulsive right which is an
argument you could have made the argument hey this is having some impact on the brain because it's changing people's decision-making right yeah um I know a lot of people that were fantastic you know Sports betters and had an amazing career in it and got on tried to lose a little weight and and no longer the size Lords you know you're not hitting the size gong for them anymore
no no it's a tragedy tragedy um but yeah now now people are uh so the intestine actually naturally releases glp1 when it detects food in order to tell the rest of the body to be full um but there's this question of like what if some foods make the small intestine release more glp1 than others like a diet focused on those Foods could be Nature's OIC which is now so now people are trying to take
the meme of glp1 and and kind of go backwards to say well what what stimulates go1 naturally so that you don't necessarily need the injection and so there's all these different articles nine foods and supplements that increase gp1 naturally it's the same thing with testosterone you see you know like oh this diet is is better for you know increasing your testosterone naturally six foods that
increase glp1 levels uh foods that naturally mimic gp1 yeah because I think that that market of people that are already uh you know even people that are objectively already pretty healthy still are seeing how other people are benefiting from it maybe they don't want to be giving themselves an ejection once a week but they're like I may as well kind of get on the trend yeah it's the
same thing with with testosterone it's like you might not want to do trt but you but you also want the highest natural production of testosterone that you want you can possibly get yeah my uh my buddies uh or sorry my friend uh my friends Nish and CIF have a uh health supplement company that's incredible business uh and they created a uh sort of a metabolic uh something called mb1 okay
by array uh that's sort of a it's they've position it as a fmic type thing so it's like a health supplement fmic uh and uh you know it's it's it's doing really well and so like the the early arguments are being written about uh glp1 based diets or like you know the best diets to upregulate gp1 paleo diet Mediterranean diet aric diet carnivore diet and plant-based diet like people
are writing them about everything basically and it's the same thing for exercise um there there's this theory that exercise creates very high demand for glucose so it kind of makes sense that it's a signal for the body to focus on keeping its glucose system well tuned and there's this like there's this continuous theory of like okay well when you are in shape when you are eating
properly when you're healthy you have kind of the proper level of glp1 flowing through your system and so this drug is just a way to kind of like short circuit your system back to to the normal level um but whenever we discover a new drug scientists rush to demonstrate that all those lifestyle changes the ones you should do anyway actually work through the same mechanism as the wonder drug so
for example Americans are like no thanks I'll take the drug yeah yeah uh so example for for example when ssris were the hot new thing psychiatrists announced that all the normal stuff that brightens your mood worked through serotonin sunlight serotonin exercise serotonin having a good trauma-free childhood serotonin yeah in the which is interesting though because people that
have you know uh too high of Serotonin don't end up looking too good so it's it's it's sort of like it's one of those things like anything good you can have too much of it everything in moderation including moderation um and uh and so after so in the cold light of SSRI patents expiring most of these effects were found were later found to be fake or at least too small to care about and
this is the same thing with um there there's this uh there's this uh there's this product or this supplement called um uh what is it it's like uh turkesterone turkesterone have you heard of this Turk no so it's it's basically the plant-based it's the plant version of testosterone and there's this theory that if you take it it'll increase your testosterone naturally or semi naturally
and so it became kind of like a meme and people were taking should offer that as AIT but but it's one of those things where it's it's a plantbased product and so it doesn't really translate the same way and you need to take a ton of it it's the same thing about you know tryptophan in in Turkey everyone say it makes you sleepy but it's like you would need to eat 10,000 turkeys to actually
get the effect um is that true yeah is it just people get tired because they're around their family and they're arguing about politics and Bitcoin and so of course it's it's like it's just a funny more families need to adopt the technology Brothers law of not discussing politics or social issues it's only at Thanksgiving this year discussing you know technology Capital allocation and things that actually
matter exactly um and so uh uh the the same thing is true for gastric bypass there's like this giant mystery about why it works like you would think so it's basically stomach stapling like they they literally just decrease the uh the size of your stomach and everyone was like okay well that's how it works like you just get full quicker because your stomach's full but what's weird is
that when you do the surgery all these different metabolic parameters change before the patient has even had time to lose weight and the weight loss tracks those metabolic parameters not the stomach size and so there's this so some scientists thought this was glp1 to um after all the intestine secretes gp1 gp1 all the way down yeah literally everyone's the astronauts yeah always
has been it always has been always has been um and so and so people are saying oh maybe it's maybe it's gop1 because you shrink it and the food goes through the stomach uh and the stomach usually digests a lot of food before it even reach the intention the intestine but if you remove or Shrink the stomach it can't do that and much more food hits the intestine and that means the
intestine releases much more glp1 and that means the patient feels full more quickly and so it's like this Theory but then of course they tested it in rats that don't have glp1 receptors and the gastric bypass worked so they kind of like debunk that one but there's like all these different things we can move on to addiction um uh the addiction one is is hilarious we got to go to this post uh by Scott
Alexander the guy who wrote the wrote this article uh and uh multi-step nominative determinism in action so gp1s are being investigated as a way to suppress alcoholism gp1s are based on a chemical found in the helila monster Venom helila monsters were first described by a zoologist named Edward Drinker cope isn't that hilarious unreal unreal what do you have to do in life to
be named Edward Drinker cat wild I mean it's like maybe you drunk heavy alcoholic father who who determined that this is how he was going to cope his something fatherhood but what a bizarre chain of events I love that Scott includes that um and so um there are there there are two reasons you might eat first because you feel hungry and the second is because you crave delicious food so uh to fulfill
its evolutionary role of making you eat less glp1 needs to do two things first it needs to make you less hungry uh vers via the our our aruch nucleus Master hunger pathway and then also it needs to make you crave food the food reward less via the meso limic Reward Center pathway and so you don't want to you don't want to like broadly Tamp down the reward system uh there's some antipsychotic
drugs that do this and you just like if you take too much you will literally just sit motionless until you die because like you don't want to get up there's no reward for anything um but there are some silver bullet anti- addiction medications uh now treone seems to treat a whole host of different addictions and um and these some and none of these anti-addictive drugs affect wholesome rewards like the
feeling of a job well done or a child's smile they're just drug drug addictions which is hilarious because um he asks like why did God give your brain a special lever that only porn and cocaine can pull which is hilarious but it's like it does appear that there is literally a reward pathway in your brain that's separate like it's not the same as like runner's high or like feeling good after
a workout it's a separate thing and it's only the bad stuff that's that's like trigger you know I'm kind of bummed I've I've never experienced runnner high oh really I've run a lot like I've tried to go out and experience it but you've you've experienced podcasters high after a long podcast from everything I know about podcasters High it is a league above high so course that's why we record for
three plus hours exctly right exactly um so he says gp1 suggest this was originally a food reward system or at least food was a big enough part of its portfolio that it was a weird but functional hack for soci TIY signaling chemical to just turn off a whole subsection of the reward system you're already full and well-nourished why would you need the ability to Crave
things um and then uh and then he goes on to talk about Alzheimer's and Parkinson's says okay now God is just trolling us glp1 receptor Agonist a new treatment for Parkinson's Disease uh gives us this diagram and he kind of explains like how it could possibly work on uh on Parkinson's you know it's funny because uh I feel like Silicon Valley has been waiting for the miracle drug y like to
come out of Silicon Valley yep and I think that if noo Nordisk was a Silicon Valley darling we would all just be like like OIC gets a lot of attention in our industry because of all the potential economic and technological impacts of it but we would all be like everybody just be patting each other on the back being like we did it we solved weight loss we solved diabetes we solved heart disease
we like we just be going down the list just like spraying champagne lot of Don perryon um we'd be doing like a bottle an episode basically uh well there was a little bit of debate about that during the during covid there was like it like some of the tech people were like well like Amazon's like the real like hero in this story because like we were all able to get packages delivered during covid
and like it really helped with like the lockdowns and then and then a lot of people were like Tech can't take a Victory lap it was the vaccine companies that like did all the work like you know this is so there was a company do you remember jentech this was before our time but like jentech I can't remember if they partnered with NOA or Nordisk but they had a partnership that you know
Genentech I think was the first big biotech IPO synthetic insulin yeah they they helped invent so so Janette we can if we actually Trace back yes Nova Nordic success it is without Silicon Valley and our incredible Capital markets and the bubble that was happening in biotech at the time you could argue that gp1s would have never you know wasn't that a Kleiner company yeah I think it was a Kleiner company
and there's this famous story about and that's why they're part of the Holy Trinity it is it is and and uh and one of the partners like who did the deal would basically work inside the company every Friday forward deployed GPS essentially essentially a forward deployed GP and he would like do their accounting do their business like modeling like really bring like the business side so that like the
scientists and the co-founders could just work on the products it forward deployed GPS to come back right because like it needs to I mean Founders fund basically already does this I mean it exists yeah try it and is that and Delan um but yeah the the success of paler the for deployed model is going to be everywhere right I I'm looking forward to it earn that Sweat Equity
earn that carry check yeah uh but but so so this is an interesting thing I don't know all that much about Parkinson's Alzheimer's but um one Theory as to why um gp1s might help with uh Parkinson's Alzheimer's is that uh gp1s suggest that they prevent inflammation yeah and have you like studied I don't know that much about it I would say the the the interesting thing here is what so noo Nordisk is a
metabolic pharmaceutical company right they're focused on metabolic Health Y and the tie into our corner of Twitter is that Ray Pete almost all his work was focused on metabolism metabolic Health how to get your metabolism firing right there's people that are taking their temperature multiple times a day to try to get yeah to get their body temperature higher increased metabolism
and even cancer is many people think is like a metabolic disease right um so I wouldn't be surprised if there's a bunch of other um sort of Downstream effects on uh you know cancer in the US so this was this was a great overview i' I've only heard about inflammation like vaguely like if you you know like have swelling like that that's what that's literally what I think of when I think
of inflammation but there's a good breakdown here so it says inflammation is a catchall term for the immune response to microbes although it helps fight the microbes it's slightly toxic to the rest of the body and generally bad unless you're actively fighting an infection so it's like you get some microbes you get infected and stuff swells up like you see this when you
just like get a scratch or cut right um but it also be it can also be like you ate some bad food and you're swelling up or chronic chronic inflammation from like bad food over years and years and years and so says in chronic inflammation I.E the thing most of us with modern diets have all the time generally General bad Health damages the body the immune system mistakes the
damage for a microbial infection and it provokes a constant low-grade inflammatory response I don't even know how you would measure like do am I suffering from inflammation right now but it's now something that I'm I feel it right now cuz my uh 2-year-old brought home a preschool uh microbe and uh you know you know when you have like a like a sinus you know infection you just feel like pressure basically like
in your head and you don't think as well y so if my takes are worse today yeah I'll put on that but yeah inflammation you can measure too right like there's various ways that that you can measure it and I want to know what the Baseline is for me and then see if there's anything I can adjust um so that's a good way if somebody you know if you're on X and somebody you know sends a
comment that's a little bit offensive you could you could ask them hey have you checked your magnesium levels or your inflammation levels cuz something feels off and don't even address what they said just just ask go for the underlying issue right it's probably not the thing that they're angry about the Chad homm um uh says this is bad so if you're not fighting an infection anti-inflammatories are generally pretty
useful there are lots of anti-inflammatory drugs aspirin and ibuprofen are examples again Ray Pete big proponent of aspirin oh really aspirin aspirin is one of those things yeah he a lot of people have talked about baby aspirin use for longevity yeah that's a big thing right and uh I take aspirin it's sort of shown to um it's it's shown to have bunch of potential benefits around heart disease
it's it's basically free like it's so inexpensive I I think it would be something that would be uh all the all the patents are long expired so it's not something that even makes sense for the pharmaceutical industry to push anymore yep y um from an economic stand we don't want it to just disappear and not become part of our society yeah um and uh but inflammation is a multifaceted process
and no one drug can stop it entirely and so glp1 drugs seem to be especially potent anti-inflammatory uh that stop some of the inflammatory process most implicated in dementia how the research is still very early but the best explanation I can find is in central glucagon like peptide one receptor activation inhibits toll like receptor Agonist induced inflammation the team found that there's
no glp1 receptors on immune cells so basically what they did was they injected some of the drugs directly into the brain and sure enough there it there was enough to produce the effect so uh the team tediously injected one of each kind of chemical that blocks each kind of chemical communication system and found that only the alpha blockers and Delta opioid blockers prevented GP 1's
anti-inflammatory effects so probably G glp1 binds to neurons in the brain stem those signals to other neurons and immune cells via Alpha adrenergic receptors and Delta opioid receptors and then the immune cells initiate an inflammatory reaction and so there there's still this like question of like why would an appetite hormone why would an appetite related hormone do this
Scott Alexander couldn't really figure it out he asked Claude and there were some interesting ideas it's like basically when he's not a doctor right he is a doctor but psychiatrist he was he was doxed like a while ago yeah yeah yeah but he you could almost say he's the father of brother science yes exactly um some people call itci yeah um but also uh when a meal comes in the body wants to divert energy
away from in from fighting inflammation or creating inflammation through fighting uh microbes towards the digestion process so basically some of those resources come from the immune system so the immune system stands down while you're digesting so basically glp1 saying like hey body like let's cool it on fighting the the you know this these microbes like Let's Chill on the immune
response take the inflammation down and focus on digestion uh which is kind of interesting it's it's just one Theory he's like really really not sure about this um but yeah there's a whole bunch like glp1 is a master signal for the starving versus well-fed State lots of bodily processes change whe based on whether you're starving versus wellfed naively you'd expect that there would be
as many side effects as positive effects but maybe that's not true in particular maybe the inflammatory nature the starving State really hurts a lot of systems um yeah I mean maybe that's a good point to talk about kind of the the the arguments against widespread usage of the product which candidly I don't necessarily like I think it's generally going to have a very net positive effect on the world
yeah uh but there's certainly you know I think cie means friend of the Pod went on Tucker show to talk about his case against AIC his quote was yeah was there tweet episode 7 two was if a fish tank is dirty you clean the tank you don't drug the fish yep and that was kind of uh one of the bigger points that C made I think one of the arguments that that I've seen that that uh would maybe
dissuade a number of people that are kind of on the fence from taking it is that uh while gp1s can make you lose weight they can actually make you fatter as a percentage of your B you know as a percentage of fat to other aspects of the body so so that could mean that uh what that that means at a high level is you can actually lose muscle faster than you lose fat so you might go from 200 lb
to 150 lbs but on a percentage basis you you got fatter uh which which is a pretty uh you know if you're um not ideal if you're trying to go you know if you're going for one rep max then you probably don't want to be on gp1s yeah so ideally you're on like a high protein diet and lifting heavy while you're doing that so you're maintaining the muscle mass but there an interesting
thing where if you're if you're going from like obese people do wind up having a lot of muscle because they need to carry around a lot of weight there's a thing size the original size Lord yeah there's a there's a thing where a lot of obese people have huge calves because they need to support all the weight that they're carrying around that's how I can get bigger bigger calves struggle with
my calves forever maybe I just need to put on some weight too lean so yeah you put on some weight and then use those zic to take it off yeah and then main here's the like the the the big thing like my generally positive view on o zic comes from the fact that uh and the same reason I think more guys should do three months of exogenous testosterone is because if you can use a drug to
temporarily put yourself in a state that makes being healthy easier sure then that gives you a chance to actually build healthy habits so somebody who's 250 lbs if they can lose 50 pounds with those mic and then start actually getting some type of exercise routine in place and eating less they could just sort of over time get naturally like healthier right because going in I mean
I uh thankfully never been in this position but uh even for myself if I'm out of the gym for three days my first workout back is bad I don't feel my best and so if you're somebody who doesn't work out at all and goes into the gym you might get some sort of benefits of of sort of Serotonin and dopamine post post-workout um but it's going to not NE NE it's it's not like you're looking
forward to going to the gym necessarily CU it's it's sort of like not enjoyable experience yeah there's a whole theory around like you know is is this the easy way out and I think that's a lot of like like C has a more Nuance take on it which is like you know we don't want this miracle drug even if it is a miracle drug and there are no drawbacks we don't want that to be oh well we
don't need to worry about the food system we don't need to the fish tank ever because like we we solved it regenera do both of these is very worried about this becoming like the first line of defense and there's this big question about doctors you know with with any of these drugs typically it's like they recommend diet and exercise first and then they might actually like require you to do like a program like
Weight Watchers before they prescribe this and then in a few years it'll just be like oh by the way in addition to this do some Diet exercise like got after and that's with SSR if you go to a doctor and you say like I have ADHD or I'm sad they're like drugs drugs yeah instead of something else uh Spore on X says my main issue with OIC is that it's not Lindy if you want to lose weight
that badly you should just become a habitual smoker and cocaine addict like the rest of us sort of a low Tam uh Banger Banger uh 865 views probably future uh yeah I was listening to Chris Williamson and he had an interesting guest on talking about uh OIC and was saying like look yes it is like the easy way out like you should just use your willpower to you know lose weight but
willpower is this like you know finite reserve and maybe if you can take away from other things that's why I don't I don't work out before work because to actually push yourself to go hard in the gym uses up willpower which I don't which I think is infinite in the fullness of time but on a day-to-day basis I don't want to go in push myself super hard in the gym and then I got to
go bang out some emails and suddenly I'm like you know do this you know interesting yeah yeah so he was saying like yeah you could use that you could use your willpower instead of focusing on your diet to focus on exercise or being a better family man or you know he was like using his example of like going to yeah and there's a lot of there's so many Downstream effects of uh so many issues in our society or self-esteem
issues so if you have low self-esteem it's hard to even be a great dad right cuz like it's just going to come in different ways hard to crush it professionally because you have a poor image of yourself right so uh there's so many potentially there's clearly we are going to learn a lot about the side effects of OIC because we're running this sort of like large scale public
study on what happens when you put you know 10% of the country on a drug right well I think it's time to take out the tinfoil hat because something just isn't adding up here try on yeah I need to first time first time because I mean as I'm super convinced by the science of this article and I and I genuinely do think OIC could be a miracle drug but there's just something weird about the fact that it
came from a venomous lizard the heila monster like I remember learning about the heila monster as a kid and being terrified of it because a bite from the heila monster will kill you it's big it's not some tiny Liz you know moderation moderation right it's funny though that the lizard is like scaled itself because people are they're not getting bitten but they're hitting themselves with you know needle there's
just something about like the demon Venom yeah and and this weird trade-off that it's hugely popular in uh Hollywood I I I guess my my the the the odd the odd hope is that the the whatever the wine whatever the side effects are if there are side effects are just so minor compared to the devastation guy Max says I suspect uh he says does OIC dampen all dopamine Rewards or only operate on the
branch that has food and gambling on it somehow I suspect the evidence is confounded by the fact that curing obesity makes everything better so costs are masked by the benefits exactly and I think that's true will was joking that that uh now that a bunch of asset managers are on it it may actually end up uh you know people are just going to have stable you know good returns and
and maybe we'll have less bubbles which would be a very negative externality right we're big proponents of bubbles um and so that could be an underd discussed uh Downstream negative effect of the OIC uh you know World although although we do need to get into the number of people that are on it because it's the numbers are crazy but let's keep going last uh tweet uh Callie uh friend of the Pod and
C's co-founder true meded Justin Mars says French kids are 60% less overweight than American kidss if we wanted to actually address the mysterious obesity crisis we should copy the French approach to school lunches and food y instead the APA recommends a zenic to kids over the age of 12 which is just like so so insane because we got to get that number down to like
three um the trick is about if if if Nova nordis could expand their their sort of Market size this would be great for the for the stock uh I mean there is a thing there where where some of the headlines that are like OIC is now recommended for kids who are six some of that is just that they've done the safety studies and they overweight kids they're still recommending diet and exercise first the
problem is is that if you're a kid yeah that aren't that aren't that aren't making you good lunches or they're just never taking you out and they're just plopping you in front of the TV it's like well you're going to be sentenced to a life of obesity or this doctor could help you with this injection it's a really hard decision it's tough so many there's so many like self self-esteem almost like starts to set in
somebody how somebody views themselves like on the playground right so one argument for it if somebody spends age you know 0 to 18 obese and you know they're they're running the mile at school and they're walking it how does that impact somebody yeah over um also the other thing you want this now not on the D people the Dum okay there's nothing conspiratorial about that no uh
I mean the other thing is that maybe maybe we should be discussing you know Banning OIC for the under 18 not because of the medical risks but because of the immense power that comes from having a glow up later in life totally think about Bezos he's just completely on a next tier he wasn't even obese he's cooking on the next Amazon right now exactly but he's like phenomenal and
there's so many people who are like oh yeah I was fat in high school I lost weight now I'm unstoppable no one like I I I just want to prove everyone wrong I want to go back and you know impress everyone I'm gonna pull up to the high school reunion in a Kos or a F40 and let everyone know hey I lost the weight and I'm driving super now exactly I'm driving a super car so yeah I I I I
think I'm with Justin but for different reasons we're GNA ban it for kids but for different reasons y not because it's risky because we need we need glow ups we need more glow ups for sure um well we can move on to the numbers if you want in the economics here I have a bunch of things so this is another astral codex 10 piece um and uh and it's called a semaglutide onomics and the math he starts out with
there there are 140 million obese Americans and they're going to spend $15,000 a year for obesity drugs and then equals uh oh that can't be right because he did the math yeah and so um there's something interesting going on with wui specifically there are other weight loss drugs there's other obesity medications there's zenal Bell the Contra Senda Quia like a bunch of we
weird like drug names um but wagi is a big step up it works for 66 to 84% of people depending on your threshold of the six major weight loss drugs only two have a better than 50/50 chance of helping you lose 10% of your weight and the other one cusia works partly by making food taste terrible it can also cause cognitive issues so it's clearly acting on like a different part of the
brain not like deep in the brain stem and so wovie feels more natural patients feel full we've discussed this it's just a really impressive drug and until now doctors that's 100y year overnight success story too totally Oris in the trenches for hundred years and it's all the same thing it's all just treat diabetes basically um and so basically uh the the goal of this article is to model out um what's going on right now
and how many people are on this now and then what the market might look like in the future and he ends with a bunch of really cool predictions so let's walk through it um so modeling semaglutide accessibility 40% of Americans are obese that's 140 million people which is interesting because living in LA and spending most of my TR time traveling to San Francisco New York places like Miami you if in in our
experience of life I would never once estimate that 40% I mean I know that I've known that statistic forever but You' never I would be just because if you go to the gym like all the mass monsters like the guys who are just massive they count as obese because if you're 300 lb 62 because you're power you're 5% body fat and you're just peeled like you'll still show up in the
obesity statistics so we do have to separate that out because we don't want the the mass monsters BMI is a little off exactly but but generally I agree with you uh it it is odd and I mean that was the whole thing of why I wanted to do this deep dive was because um like when I'm traveling around it just doesn't feel like there's been any material change in the obesity rate even
though you're starting to see statistics and you hear a lot of trend pieces about how powerful OIC is um it's like I don't I don't see that in my everyday life like oh wow like there are no more fat people around um it's also interesting explained by yeah wovi came out of Denmark which is a place that probably has some of the lowest BCD rates in the world right um yeah yeah they weren't
exactly dog fooding this um so suppose that a quarter of the obese people in America want semaglutide that's that's 35 million prescriptions semaglutide costs about 15,000 per year multiply it out that's $500 billion doll and Americans currently spend 300 billion a year total on prescription drugs so that just that would be bigger than the entire market so there's this question
of like okay how is this actually going to happen whenever you have these crazy predictions like you need to kind of back them up with data and that's the goal of this article and so uh if this if this really did happen it would bankrupt half of the healthcare industry uh and so most people want semag semaglutide but won't get it um America's current policy for controlling medical costs is to buy random things at
random prices and it's just so how how do how how do they think that would bankrupt the system if a lot of this is out of pocket spend right now the idea is that in order for that to actually happen and to get to that penetration it wouldn't be out of pocket it would have to be covered and basically over time the insurance companies would be forced into into covering it and then they
would have this massive expense that they weren't expecting and they haven't been underwriting against for years and so all of their all of their premiums would just be destroyed it it'd be very rough but uh obviously it's going to be like the slow Evolution but it's so interesting because the near-term costs go up like it's almost like a timeline you know mismatch because like near-term
costs go up but long-term expenses on a per person per per capita basis could drop right if you have people that instead of spending Decades of their life overweight and healthy they're now you know have a normal BMI and they just take a shot or maybe they get off the shot maybe maybe you know the thing that I it hasn't been around long enough to understand uh is this something that you
know somebody can take for two years get a lot of the benefits and then just get their together and start being healthy right maybe it's more of like a so some of thatan calculus will kind of come in later and we can and we can dig into it but first I want to do a little pop quiz uh you know the 140 million obese Americans OIC went viral in 2021 when everyone was talking about the
celebrities doing it it's now been on every podcast every video like everyone's aware of this essentially I think it's been a major Trend uh there's all sorts of companies pushing it how many people how many Americans do you think are taking semaglutide for obesity 140 million are obese how many how many people do you think are taking it like uh you're not just saying just
for obesity or or just like like people that are taking it as like a fun drug to no I'm I'm talking specifically uh wagi I don't know 30 million you would think that it's 50,000 isn't that crazy so there's a report claim I know okay it's because it's just so it's so early in the roll out it's so row it's very expensive and and but that doesn't count row and no no it counts everything probably not the
probably not the compounded stuff but we'll go in we'll work we'll we'll work through all the data because so first off he pulls like the actual numbers uh and there's a report claiming really because it feels like it has like 50% penetration but then when you celeb for sure but then you walk around you go go to an airport and it's not like oh where all the fat people go like obesity is
still like a crisis and and we still haven't seen the obesity rate fall significantly so it's clearly not like actually rolled out fully and there's been massive Supply constraints and it's super expensive and Healthcare is not covering it or Insurance isn't covering it going to be the first trillion dollar European company well that's why the stock is mooning because even though
they're only selling uh so there are 20,000 weekly prescriptions so that's new prescriptions yeah so that's 20,000 times ,000 a month so what's that 20 million a month in sales so that's 200 or I guess uh what like 300 million right in annual revenue and they're trading at half a trillion insane so like you would never get there on the normal Revenue multiple I don't think we've ever seen a consumer product in
the US with 50,000 customers that has 100% mind share penetration insane right yeah insane and so uh maybe this means there's 20,000 users or maybe each prescription contains enough ovy to last a month and they're 880,000 users I'm not sure but it's somewhere in the mid five digits which is why I'm rounding to 50K so so so his estimate for the actual real number is 50k and then he's going
to work through the math and and all the different levers so that's only .1% of the potential 35 million which is still only 25% of the 140 million right so is crazy crazy low penetration for a drug that we assumed would everyone would just be taking so the way he models the the like the penetration and Adoption of semaglutide is interest times awareness times prescription accessibility times
affordability and so we're going to do four different sections here and we'll start with interest and so uh he just randomly guesss interest at 25% % so this is like of the obese people 25% really want to are motivated to actually lose weight um and um and so how many people are aware like let's go into awareness um the answer is a lot more than when he first started writing this
article uh Novo nordis wui gets surprise endorsement from Elon Musk says the headline and here's Google Trends and you can see uh wagi and semaglutide are like really really peing and so it's now as searched for on Google as Prozac or Viagra which are like name brand products and so even if this is a temporary musk related Spike even pre musk it was getting a little bit a little above half their level um but
Google Trends doesn't exactly track awareness few people search for Prozac these days because everyone knows what it is uh so all this tells us is that there's a lot of Buzz so suppose for the sake of argument 5% of obese people have heard of the drug which feels really really low to me um but but you'll see as he kind of works through like why that math makes sense and then there's
also prescription accessibility only 5% Taylor Loren's esteemed journalist should do a piece on getting access to the Tik Tok feeds of thousands of overweight people and see what's in the you know are they talking about it are they super viral on Twitter on Tik Tok for sure so I feel like that has to be higher but you know during the election there were people that were
Googling like who's the president did you see that yeah right right before is Joe Biden still is Joe Biden still like when do I vote and it's like and the interest is spiking like the day after the election like people are unaware like people really do live under rocks um and so prescription accessibility the FDA says wui is indicated for obesity defined as BMI over 30 um or BMI over 27
with certain medical conditions so but if you have a high BMI that doesn't mean that the doctor will necessarily give you a prescription most doctors want patients to try diet and exercise first and we're can you imagine being 400 lb going to your doctor and they're like and they're like I want the you're like I want the miracle weight loss drug and the doctor is like how about you eat a
salad hit the gym that is brutal you're going to go on you're going to go on you know hims or row and get the compound stuff sure so every doctor will have their own threshold for what amount of already tried diet and exercise is enough to justify a prescription um the history of medicine includes the following story many times there's some condition that doctors recommend a lifestyle changes
for then an exciting new medication comes out and over a generation or so doctors go from demanding the lifestyle change to gesturing at the lifestyle change before prescribing the medication to finally just mostly prescribing the medication this happened with cholesterol and statins people would say oh like you should just change your diet first now it's just statins same thing
with hypertension and ACE inhibitors and same thing with depression and ssris uh so you can form your own opinion about whether that's good or bad but we're probably in the very beginning of this process with obesity opinions will be all over the map and except that this time Silicon Valley is short circuiting the process with Fly by Night tele medicine operations that guarantee
you'll get the drugs you want for example this one company charges $138 a month $99 for the first month only uh for a guaranteed glp1 Agonist prescription plus support messaging with expert doctors the DEA sometimes shuts these groups down when they start playing around with controlled substances like Aderall but wagi isn't controlled and the government probably doesn't care that much um that being
said only 75% of Americans have primary care physicians at all and if we assume half of them will eventually be able to get a wagi prescription from their doctor that's 37.5% then the next factor is affordability semaglutide costs $15,000 per year and of course Elon Musk can pay out of pocket but many people need insurance and Medicare doesn't cover obesity drugs we mentioned before and so
some time for a change some Congressman it's such a it's such a you from the medical system to the average person that uh Hey the the the most unhealthy thing that can happen to you is being overweight but yeah we're not sorry like we can't help you with that yeah uh you're going to be on your own for that one yeah good luck it's like okay but like yeah when when when you have the
heart attack then but if you go get hit by a car then we'll give you a million dollars of treatments at the last second to try and extend your life by five days yeah like rough instead of instead of just lose the weight didn't live 10 years longer I do hope that that uh Doge uh really goes after the medical system because there's I mean obviously like so tied into the government in so many ways
yeah yeah we got to talk to some more uh like healthcare Founders because there's so much there we're obviously hearing it all the time on the dod side but the medical system's like bigger and crazier I'm sure um and so uh he says some congressmen have proposed a very Noble sounding law telling Medicare and Medicaid to start start covering weight loss drugs I'm sure this is out of deep
compassion for American obese population and not because it would make Pharma companies one billion zillion dollars but I love the sound of that I want the karma companies to make more money develop more drugs buy the stock build more stuff um there's nothing there's nothing more noble than than incredible IR yeah and so private insurers mostly have to cover whatever Medicare does and
they but they can choose to whether or not to include extra non-medicare covered drugs some have chosen to cover semaglutide under some condition others would prefer not to because it's so expensive um but they can be scared into covering it by the magic word's medical necessity overall I don't understand the laws but um there's this very interesting thing that's happening and
he calls out the New York Times the New York Times is publishing articles trying to convince us that private insurances not covering semaglutide is an outrage and it's a very funny screenshot from this article and the article is called uh the doctor prescribed an obesity drug her insur called it vanity and it says here in the time G text I want to take a second to complain about this article it
notes that wagi sem semaglutide for obesity costs more per prescription than OIC semaglutide for diabetes and calls this a gross inequity accusing noo Nordisk of charging people more for the same drug because of their obesity but the Obesity prescription is a higher dose than the diabetes prescription milligram per milligram would goovie cost less than OIC a steel manned version of the nyt might object don't
most of the costs come from the intellectual property and not the manufacturing so that dose so so the dose shouldn't matter yes but if you made the Obesity version cost too much less per milligram than the diabetes version then diabetics would cheat the system by buying the Obesity version and splitting it into smaller doses yeah and so like what they're doing is actually
like very rational and totally fine I think but uh they're getting called out here and so he concludes here with let's say only 5% of people who clear all previous hurdles can afford the drug and so now he does his final math on how many people get semaglutide 140 million obese Americans 25% are interested 5% know of semaglutide existence 37 and a half% can get prescriptions and 5% can afford it
and that's 33,000 people which is a pretty good match for the 50,000 estimated prescriptions I didn't even fudge the numbers to come out right it just happened and so he kind of looks at it like bottom up and top down and comes to the same conclusion that we're in this weird scenario where we maybe have this miracle drug and a lot of people buy it and and believe in it but because
of all these different factors it just isn't actually being rolled out in the millions like you suspected and my number would have been the same I would have said yeah 5 million 10 million people obviously like you know same as everything else because in La every time a celebrity walks out of the house everybody's like oh they're all know Z yeah yeah yeah and I would imagine that
you know yeah funny one one like one application of it is uh wh i' I've sort of seen this firsthand women getting married historically they'd go on this like crazy diet and exercise routine like leading up to their wedding and now it's simply like you know focus on wedding planning and just like get the shot once a week and like you're going to look like great probably you know leaners thinner than you would have if
you had just done the the thing yeah and I think that like o was kind of uh it was it was because like like a lot of celebrities were taking it when they were already very thin and they were going down to like 5% body fat or something really really love which is kind of it's interesting martinelly oh yeah I always Butchery um Este steamed uh you know poster and commentator on all things
Healthcare uh he goes and talks about how there's like other glp1 drugs that are available um and uh and again it's one of those things like if noo nordis didn't have like the same profit incentive that they do um none of these like their product is materially better yep and um but ultimately uh if they didn't have that profit incentive we would have been stuck with like the last generation of
uh glp1 drugs that just weren't nearly as injection multiple times basically multiple times yeah the one uh ex exti exenatide which was the first one the patents are expired and nobody's even bothered to make it generic because you have to take it twice a day yeah it's such a rough experience and yeah he basically goes on to say that you know Novo could easily be a$2 trillion doll
company but Eli Lily and others are you know fisers coming out with their own gp1 drug uh everybody wants everybody wants in on it um I was telling you earlier I just was like very uh I underestimated the demand pretty dramatically about a year ago I saw company that was Raising to do a glp1 focused tele medicine company a lot of people have come out and basically are combining like some of the trying to
build like a platform to do the lifestyle changes and prescribe the job at the same time and there's one company that I saw didn't invest in just because I was like look this is like ridiculously competitive there's just you know there's no way this business is going to really acrew a lot of value long term and they went from0 to $10 million run rate like in less than 12
months profitably and like I'm sure like a multiples beyond that by now um and so yeah it's interesting like I I I do wonder if companies like that are not really being reflected in the data because I know that company by itself has like tens of thousands of customers yeah but I mean if you run the numbers it's yeah like if you're making 10 grand a customer yeah 100 customers gets you
to a million dollars Revenue thousand customers like Okay add on add on 1000 to the 33,000 estimated and we're still in we're not in the millions like we're just not there which is fascinating it's just it's rare that you have a product where the LTV of a customer is tens of thousands of dollars and in the competitive pressure doesn't seem to be driving down the price yeah
but we can get more into that uh let's go to uh Morgan Stanley they've uh they modeled the economic future of of obesity medications over the next decade and the headline result is that semaglutide and other various semaglutide copycat drugs will be a $30 billion Market by 2030 that's less than the $500 billion disaster he was afraid of uh but it's still almost 10% of all us drug spending and they kind of model
it out like show the whole flow uh starting with like the number of obese people the number that are diagnosed like how many will get it kind of same methodology um but the big question is like you know what if doctors medicalized obesity as comprehensively as they've medicalized hypertension and high cholesterol um well they find that the US obesity Market would multiply by
a factor of 25 to about $87 billion a year and then they also are modeling a a a decline in the price um uh this is funny so uh the number of patients on wagi or related medications uh Morgan Stanley estimated 46,9 so like everyone's right in the tens of thousands which is crazy it's just so low but they're estimating that in 2030 it'll be 11 million which is kind of more where we thought we'd be
yeah um so we're still so early um but second the cost of per prescription goes from 15K a year down to $44,000 a year and then that has a bunch of KnockOn effects um so Novo nordis competitor Eli Lily owns a closely related molecule tepati uh which they sell as mararo uh and they've done studies showing it also works well for weight loss and although capitalism fans shout out me and Jordy
uh might expect the presence of two competing drugs to immediately drive down prices this is mysteriously not how things work in healthcare and prices will probably stay the same in the short term and I'm wondering if this is just like a like just like a peace treaty like they know if they get in price War this is like Coke and Pepsi yeah but Nova Nova Nordisk is also opening up
like four to five massive new production facilities but that'll just increase margins like why would they increase the price if they don't have to no that's what I'm saying I'm not arguing against uh um they deserve to capitalize on their um incredible Innovation and I mean cutting the price from 15K to 4K over what six years like that's pretty significant every year that's a pretty
significant price decline and um later they get so so Morgan Stanley does expect competition to drive down cost to 350 a month or $4,000 a year and there's some math that uh from a purely economic perspective semaglutide costs the health system money because it's expensive but it also saves the health system money because we don't have to pay for the consequences of OB of obesity dietes
it's like a duration mismatch thing right and so which which effect wins out like this is the question and so the institute for clinical and Economic Review did an analysis and they said that the benefits would outweigh the cost if semaglutide costs less than about $8,000 per year so they basically bundled up all the costs associated with obesity so it's a grand and so yeah it's
the same thing with with um it makes sense to cover it you would you would compare this to ftxs challenges with liquidity where they actually had a duration mismatch issue where they invested billions of dollars into private companies and then people started redeeming their their cryptocurrency for cash and they didn't they you know if anthropic had just gotten to their 40 plus billion dollar
valuation faster they would have been able to to cover it yeah um yeah I think I think you know one thing I would throw out is like to help the TB Community kind of understand how um you know we mostly care about how this is impacting capital allocators and highrisk Entrepreneurship and so if you're a listener and you're on gp1s uh send us a message uh we'd love to kind of get a sense for how it's
affecting your strategy maybe you're going lower risk which would be unfortunate but maybe you can take RI bigger risks in other ways like raise a bigger fund right things like that yep or uh play with a cat and get that uh that brain disease have you heard of this oh yeah the thing that parasites yeah Ras into yeah yeah what's it called uh I forget um but uh what's interesting
is like you have this eight you know 8,000 is kind of the golden number they want to get it down to 4,000 uh but there's also a third level effect where it costs the health system money again um because it prevents people from dying of obesity related consequences and no one really models this because it's so dark but basically dead people stop needing expensive healthare this was
actually something in the in the master settlement agreement with the big tobacco companies like the the whole reason that tobacco had to pay up to all the states was that they were putting a burden on the healthcare system that was the model it wasn't just your evil for killing people it was like you're costing the government money so you got to pay the government back but one of the arguments that the uh tobacco
companies made was like Hey look we're killing people off and then you don't have to pay their pensions which is like super G like crazy um but yeah so no one's really modeling that but it doesn't really matter um the big thing is that uh this is an interesting like uh takeaway as like the Morgan Stanley report shows that even the greediest Pharma investors openly plotting to medicalize obesity
can't bring themselves to believe in more than 11 million us semaglutide patients by 2030 that's less than 10% of the obese population isn't that kind of isn't that kind of disappointing like we've got over 100 million people dealing with a condition that makes them unhealthy it causes psychological distress and it makes a lot of people lowgrade disappointed and repulsed by
our society we've got an effective drug and we're going to get less than 10% of the population on it like this is kind of crazy and it'll go off patent in 2032 maybe it'll come down in price but this whole thing is like a very slow roll out it's just it's just kind of fascinating how slow all this is happening along yeah and so he closes with like should you take it and he just says like ask
your doctor I think you should if you're if you're you know uh a weightlifter you're at like 10% body fat and you want to get down to 5% just be you know absolutely peeled I'm strongly in favor of that yeah if you have muscle mass you can lose too yep you know as long as you're on the high protein diet and still hitting one see being cyclical for the the weightlifting Community where
starts coming around April you've been in your winter Arc yep and you know summer's coming up you know you're going to be on the beach shirts are going to be coming off maybe doing like a little Sprint of um glp1 could could be a way to get that body fat sub 10% even if you're still a size Lord yep and so he closes with some predictions uh which he he leads off with all predictions are
conditional on no Singularity or Global catastrophe so funny like says I may own Securities in the compan discussed in this article and so he says uh number one 10 million Americans on semaglutide by 2030 he puts out a 75% chance sounds reasonable Medicare covers semaglutide in 2030 40% chance semaglutide costs less than $100 a month in 2030 puts that at 25% chance semaglutide costs less
than $100 a month inflation adjusted without insurance in40 66% chance just like total cost curve stuff us OB obesity half or less of current rate in 2050 30% chance let's go yeah very very interesting article very very great Deep dive um but yeah we should we should talk we should close out with like who made money because um that is the original question that we had who's making money off of OIC and it's
interesting because it's not it's not as many people involved in Nova Nordisk as you'd think they're they're uh a lot of their employees aren't heavily incentivized by the stock price they don't have like an Elon type Guy where if the stock price hits a certain amount he gets a ton of shares they have a really weird corporate structure yeah they're owned in part by a nonprofit um
the uh the the actual scientist that created gp1s uh liar glutide latte nudson wrote this whole history and she didn't make a lot of money from it um so so yeah here's somebody making money from gp1 so I use perplexity to figure out how many subscribers him and hers has its weight management offering they uh they have a broader weight management offering I think they
have multiple uh products but they have nearly 100,000 subscribers so that could be why uh they have uh the Stock's been way up the stocks been ripping um and Reinventing themselves over the you know the hair loss products and viag also kind of a benefit of them being public like they were able to take advantage of this and they probably weren't you know if you're not going into Novo which is
this huge company um there aren't that many places to allocate Capital if you're in the public markets towards something that looks a little bit more Pure Play is towards this category and so they probably benefited a lot from that as like kind of a small cap yeah and it's honestly one of those things see they're hiring like they're still scaling up they're still growing one of the one of the reasons that tele
medicine worked well for hair loss yeah is that uh people don't want to talk to their doctor about so many issues right like so many like health issues or things that people don't want to talk to with strangers right even their loved ones right so I see that being a really massive Channel long term and the Ed meds same thing if you can get you know I think Blake Robbins had a screenshot
of they're just advertising directly to Consumers now yeah well that was row uh and they're essentially like it's almost like a white label deal no they're not compounding they're selling the real thing uh H is compounding and this is kind of interesting two different sides of the deal so R row Roman Health sells name brand OIC I believe in that screenshot um must have done some and
that's a deal with no essentially and so their economics probably aren't incredible on that but it's still a way to sell something that's like completely yeah completely above board with the FDA uh hims has been taking a more aggressive approach actually compounding it which the FDA put out a statement saying that they don't recommend that people take compounded uh semaglutide um
but they didn't ban it which is this weird like gray area the FDA is like we don't recommend it but we're going to allow it like very weird the FDA does stuff like this so here here's a place so I saw that a local compounding pharmacy in Malibu was for sale for like 400k so if you're in the LA area here's a play for you a little bit gray area right so I'm not recommending you do this I'm saying you could do this buy
the local uh local compounding pharmacy and start selling it at the Malibu farmers market like a farm you know local locally made gp1s Farm to Table OIC yeah uh maybe even try to make it organic right like yeah I mean the other the other issue with the compounding just from a business perspective is that I think that you're only allowed to do it from an FDA perspective when it's on
shortage and so you can build up this Revenue stream and and you can get subscribers Mass discounted but then it could get it could get kind of rugged by you if they go back in stock and so how do you maintain those customers post well maybe you need to do a white label deal maybe you need to get a different product in there it's going to be a little bit tricky but you might have
time to buy the small compounding pharmacy for half a m which I think it was listed at and then turn around spack it really get that revenues up and then and then do what hims has done which is you know companies need to constantly reinvent themselves right yep um even in the way Novo did Right started as an insulin manufacturer yeah well that's a great place to end it get jacked work
out diet exercise take every last last idea uh I think that there's going to be an incredible play to do group group travel y uh a group travel agency for formerly overweight people that can can Bond over uh over their weight loss and over their love for the drug and and sort of take those people on a world tour like people internationally have gotten known of seeing large groups of overweight people
as like look at those Americans but I want to make sure that America's brand over the next hundred years gets built around look at all those super lean fit beautiful people getting off the cruise ship coming into the city barely eating anything America does have a huge Advantage here like Canada hasn't even approved it like we really are on the Forefront of this that's our Edge yeah
and it's because even though it's an it's it's a foreign company Novo and Denmark like the FDA is the gold standard of approvals and and they always go here first only the only country that matters yeah it's fantastic so cheers long America long America thanks for watching this segment we'll move on in just a minute welcome back to technology Brothers still the most profitable podcast in the world um Jordy
we got a good DM today I want to discuss with you uh from fan uh she says hi John and Jordy I'm a successful real estate developer based in Los Angeles and I'm dating a tech guy who works in San Francisco he says that SF has more intellectuals but I don't want to move there how can I convince him to come to La what would you say so intellectuals are great especially after they're
already senties or beires um before that you want to avoid being intellectual like you have no basis for that until you've um until you're post-economic right so that'd be my first word of advice um I would say that second San Francisco is maybe the intellectual Center of Technology without a doubt yep that being said um well we do a lot of this work for the we do this work this
podcast for the money many people care about impact and if that's who if if that aligns with with with you um being in La is a way to have an impact because this is the center of influence right OIC you know we just covered OIC OIC uh is created by a company in Denmark but all of the marketing Firepower behind the product is coming out of LA right and so if you want to have attention and
influence uh moved to LA most of the beair and cenes that we know that that made their money in in Tech uh end up having you know a compound in La uh it's a place that you want to be uh you know maybe it's it's it's your second or third home fourth or fifth for some of our listeners but um but yeah this is this is the place you need to be spending time here otherwise you're
going to just be chattering you know in Hayes Valley and nothing's actually going to come of your conversations yeah also it's a very different type of intellectualism in the bay it's I mean it's it's a little bit of an echo chamber it's a huge Echo chamber and in La you get you do get more intellectual diversity totally not just all tech people there's tech people but then there's movie people there's lawyers
there like there's a whole community of Defense Tech things here there's NASA and SpaceX and stuff having conversations the group La group chats are not only debating the ethics and morality of of nuclear uh development but also how much time you should spend in the sauna versus a cold plunge and there's nothing that says that um the debate around uh hot cold therapy is not
an intellectual you know activity as well right um the body is sort of um the platform of all thought right so if you live in SF and you're not um jacked with with an incredible one rep max you could also argue your your opinions don't really matter that's true that's true uh let's move to Anthony steel he writes into us he says any thoughts on New York City as an engineering HQ for a Manufacturing Company
o uh G to build a massive power plant in Central Park I'm in yes uh so while I would I would love to see more smoke stacks on the New York City skyline yeah the Highline that whole thing we should definitely develop that yeah yeah um I'm gonna I'm gonna probably maybe maybe vote against uh as an engineering HQ so he's not he's not implying that he's going to put the it's unclear if it's if
it's uh mechanical or chemical engineering or computer Eng we're the first guys that want to walk off the street in SoHo out of the Laura Piana store go to the second floor of the same building and see a bunch of robotic arms just working overtime but uh you know being we can we can see the gundo out of our studio window we like to keep an eye on our Port Co over there yep I think I
think um you know bringing your engineering team over here setting up in the gundo uh would be good for a lot of reasons yeah I mean there's some there's some hard tech companies out there but there aren't many but there are some really solid B2B SAS companies in New York ramps established great engineering headquarters there so there are software Talent there but they're definitely on
the earlier side if you're doing hard tech engineering it's going to be a little bit trickier yeah g or bust good luck yeah we may we've been looking at you know potentially acquiring our own industrial real estate in in the gundo area to to make available to the community so we'll we'll let you know yeah I think it just depends on you know who's who who's going to be working for you where do
they currently live where is the specific talent that you need for your company you need to think it I mean this goes back to like the Miami versus SF thing like it's really hard to paint with a a broad brush on like unironically like there there's going to be a right place there's going to be some companies that are great in Miami there's going to be some companies that are great in New York you have to think
about like what work are you actually doing and where are those people because you should probably go to whatever the feeder company if there's some power law unicorn in the city that's going to be dumping off talented people after they vest you want to be picking all those up or there's some phenomenal University system that you're pulling from constantly this is bioto arguably he
should be spending time in New York because a lot of the financiers that are going to be you know creating sort of different types of financial instruments in order to scale his manufacturing process yeah are there he's going to want to be going to you know expensive restaurants with them and and and um a lot of the best deal toy manufacturers have a good a good presence in New York
as well so yeah I mean you could also just put an executive office on Fifth Avenue and then throw all the engineers in New Jersey that might the best solution if you want to be in Manhattan y um let's go to our next question from an anonymous uh DM we got uh hey bros I'm currently working at a family office in long term I'd like to raise my own Venture fund I currently have job offers
at a few smaller funds and one growth stage startup I think is like a chief of staff uh do you either do you think either of these options would be good Stepping Stones to raise a fund what do you think okay so I do think that there there's a few kind of core Pathways that I think are actually good Pathways to H making a career Adventure one is the institutional VC who just
works at you know one or two or three highquality funds hope yeah hopefully land in the Holy Trinity even if you don't you you could still end up doing well yep um the other path is to start a unicorn and um you know start a unicorn have a lot of success do a little Angel Investing build track record that way y the the death zone is working at a mid fund or family office and not being able
to do a lot of deals because then you're not building up the brand value of working at a at at a great firm and you're just not doing enough volume of deals so that you can build up a track record and say I can actually get into unicorns yep it's it's totally possible to go to a a venture fund and do be involved with like four or five deals a year and have none of break out and then
you're 10 years into your career and it's like you can't really prove that you're a good investor and maybe you were handicapped by The Firm that you were at but I think that um even if you're at one of those like holy trinity or just like power law firms you're going to be on a deal team that does a really Banger deal even if you're paying up for a winner yeah like oh yeah you're gonna get into good companies yeah
exactly and you're just going to have time with power law CEOs and beires yep um but that's gonna be harder to do if you're if early my serious advice go somewhere where you can do a high volume of deals it's even you know less about like object it's certainly it's not going to matter about title because like going and being an associate yeah at a big fund that also you don't get a lot of credit there
because look you you may have been involved with the deal and met the founder a couple times during the process but you didn't necessarily like have even any decision power so I think volume is going to be more important here yeah that I mean that's tre's uh recommendation for all new investors is just don't swing at every pitch but just take huge amount of calls and just get
to know every company so you start seeing the pattern of what looks like good what what is good um and go from there great let's move to the timeline before we jump into that um probably should start with promoted post we had a poll today and uh our community uh you know unanimously it was sort of a landslide we asked people how many ads should we have per episode and
I think like 80 90% of of the people that responded wanted 60 plus ads so we're not there yet we're hoping to get there soon um but the first promoted post of the day is coming from cars and bids uh if you're not familiar with cars and bids it is a new competitor uh to uh bring a trailer and some of the other online auction houses started by a uh incredible car creator on YouTube called Doug
deuro uh who has created cars and bids he's raised quite a bit of capital for it so they're well capitalized they're building a fantastic platform and today we wanted to highlight a car that just went on the site I think it was this morning uh so it's a 7-Day bidding period it is a 2024 Porsche 911 GT3 RS with the Weck package uh it's basically brand new it has 120 miles it's in a
paint a sample SM green uh and I just will say this car is absolutely gra uh fantastic Grail uh Grail car uh and if you've ever driven one of these things um we'll be driving one at some point next year on The nurur Ring um but uh uh looking forward to that and um yeah this is a this this car should go to somebody in the community it would be a shame if it didn't so y go
get on cars and bids um get the support Doug deir he's a he's a great content creator I listen to his podcast this car pod every Friday it's fantastic and I've really enjoyed he taught me basically everything I know about cars there you go I needed a new car a couple years ago decided to learn everything about every car ever made and Doug was the perfect person to teach me about everything from
a Honda Odyssey to a career GT and now I know it all yeah he's fantastic just very very deep Dives you know he does a little bit of a driving segment but mostly it's about the quirks and features quirks and features it's fantastic thank you uh let's go to dwares Patel he uh screenshots a post from G so I did an interview with dwares Patel seemed to go well I'm thankful for all the donations
from everyone on patreon and stripe particularly from suel and friends and Ahad mustak thoroughly exceeding my bar my excuses are gone I'll see y'all in SF in December so this is huge News San Francisco has picked up GW he's been traded one of absolute animal so put up puts up some insane numbers every season I think uh over 15,000 words written over 50 blog posts one of the greatest
online writers essentially goated um and so I think this is going to change San Francisco this is really going to level up this the city their talent their roster and uh it's just a huge huge move huge Mayors around the country have been oddly silent on the move but it was a competitive process and um only one winner in the end yeah you can see a lot of other teams wanting to court G this
is pretty you could compare it to LeBron going to Miami huge back in the day so it's that same sort of equivalent yeah so congrats to San Francisco for picking up G you you had been a proponent You' hoped he'd end up going the hedge fund route but um can't win every battle and uh San Francisco would be better for it yep hopefully uh we'll see him soon out in San Francisco um but it's not all Rosy
because there's some fear uncertainty and doubt about what G's life will entail in San Francisco Andre karpathy um writes this is something that will uh potentially be in store for G he says L want to get dinner with some cool people tonight in Pacific Heights want to judge this hackathon want to swap notes about AI can we fund your startup want to chat about roles at anthropic in town this
week want to do a pod want to catch up over lunch partial invite to the day of the day of an e EA party at Berkeley group house are you coming to Burning Man this year is it okay to introduce you to this cool person meeting with a16z no obligations just saying hi weekend trip to unconference in Santa Cruz wedding in Napa Tahoe weekend with some cool people just Relentless and
it's just Relentless and this is like the intellectual bubble that we were talking about before it's like there are a lot of cool things but everyone's doing the exact same things yeah yeah so you remember when when we dropped uh Excel and your your Shopify notifications like you couldn't use your phone for a day because it was nonstop that's going to be gor's like phone but
just with part just like nonstop right his phone's going to be completely useless and so yeah I mean he's been living this very aesthetic life uh just reading and consuming content rabbit H holding you know one of the best online writers one of one of like the most impactful intellectuals in Silicon Valley um and there's a fear that he might lose his Edge yeah he might get
caught up in the in the yeah I mean it's kind of like you know the dream team from the Olympics when you know everyone thought okay they put all the best players together but there just wasn't that compatibility um sometimes you need to stand out player to shine and being in a second tier third tier City could actually be better for GT diversity and uh so I'm rooting for you g I'm pulling for San Francisco to
pull it out uh hopefully they get you in the mix good coach good execution we get a good result here but watch out for those partial invites they're dangerous and this is a warning to every every person moving to San Francisco yep don't get sucked in yeah lock in don't become a don't get sucked in lock don't become an NPC yep be your own person let's go to py McCormack uh we've been on the
show before one of the greatest online writers in the entire world uh he says there's no way right and he posts two pictures that describe how uh Palmer lucky the founder of mod retro and andal was mining Bitcoin at age 16 even listed on any exchanges or you know I don't even think you could really buy it you could buy a four years before coinbase was started yeah and so he was
mining it and getting a ton of it presumably and uh allegedly yeah I don't know exactly how much he held on to but uh fantastic result and just a it's just incredible that he's been early to bitcoin early to VR early to defense touches are built to be billionaires yes yes he's born for it born not made yep so uh thanks to py for highlighting this underrated post only 35 likes on here but great uh probably
has something to do with the way the pictures were formatted you know maybe you need to do a little crop job getting Photoshop py step it up make it a little bit nicer for us so when we print it out it looks good you're pleas and thank you uh let's go to VB knives empty America says it's all over when 28-year-old married men have a toy room full of Legos we are cooked on a level you don't
even grasp and it's a screenshot from relationship advice says I screamed at my husband over his hobbies and now he's changed and I don't know how to fix this says wife yells at husband for Lego Obsession now he's pulling away a ghost of his former self what do you think I mean so there's nothing wrong with having a room for the problem the problem is that he it seems obvious no
it seems obvious that he has pretty small net worth uh just because if you are a beire or a centi and you're obsessed with Legos it's you know they're Centric and if you're um uh if if you're effectively if you're you're broke or or lower income you're just weird right so the critique here the broader issue is the netor not not the hobby right um a lot of a lot of senes and being a to get into
funny you know things ever time one of our uh buddies is very into racing painted you know small uh painted like almost like RC sailboats right so you know his uh his significant other is yeah yeah his significant other I can tell you is not complaining she's like oh it's cute he's got his little hobby exactly um so this looks like more of a financial criticism which is unfortunate
but that's pretty easy to correct right just listen to the podcast and and you know take take some tips and tricks here lever up yeah or turn that hobby into a business right like make an Airbnb that's just a Lego house create the next cars and bids for trading Legos yeah right I mean I did I did uh I found a Lego Ferrari that I had had when I was like 8 years old and I it was in perfect
condition and I sold it for a very nice multiple back in back in I think it was I was in high school but uh so yeah turn it into a profit Center not a cost center and you'll be good to go it's fantastic let's go to will manius he says FDR built and sailed toy boats Winston Church Hill build massive toy soldier armies and reenacted battles and here we go he's talking about his boats
I think he's responding to the last sure yeah um so yeah you can be as long as you are uh a great man of History a great man of History you can have whatever hobby you want yep I love it Toy Soldiers that's funny and now it's been uh all cannibalized by Warhammer 30k which is a little more sci-fi a little more out there uh little less practical than yeah and will could be the next FDR right like his history
hasn't fully been written he could he could I would I would follow him into battle uh Dan Nolan says logging into work and it's the K KMS KMS building hey you know what Alan Watts said what he said never kill yourself there's money to be made there's never there's money to be made never kill yourself uh never kill yourself yes uh that is just blanket advice from this podcast yes well
fantastic post Dan thanks for sharing it very good good for a laugh but uh very good yeah I wonder what KMS actually stands for yeah oh well stupid post stupid post uh hey yeah yeah we have another promoted post another promoted post this one from uh Brian hallan he's a he's a CEO of uh HubSpot okay correct we should we should check that um uh but anyways he is now on uh Deli
Deli is a company why why don't you talk a little bit about Deli yeah Deli uh Founders fund portfolio company they do AI clones so anyone who's written online for a long time or has a podcast or video series they can compress all of that down into a fine-tuned llm that you can interact with over text they also offer video calling kind of like intro.com but obviously zero marginal
cost instead of paying Nikita $1,000 you can get the AI version for 10 or something whatever he want Char you're not getting Nita for a grand to be clear yeah but uh anyways it's amazing it's amazing that uh you know Brian's on Deli he's created one of the greatest American SAS companies uh that helps millions of small businesses all over uh the world and uh you can now ask him anything about how he thinks about
product and technology and helping small businesses so shout out to D Deli and Brian yeah and the thing about the deli stuff is like a lot of people think that like the the results of a Q&A like that are just going to be like AI slop like hallucinations and stuff but a lot of it when you're asking the right question it's maybe already been answered before is just straight up search it's just
better Google search so you can interact with like Andrew huberman and you know that he's talked about glp 1's but it's scattered all over his Clips Channel and all over his different podcasts and and the the AI version can just literally quote and Source exactly what he said and when he talked about a lot of things it makes a ton of sense to just essentially almost see the AI as like
just better search for everything you ever said yeah because so there's now so much information online and it's impossible like what really matters now is getting perspective on certain information so what does Brian think about uh what should churn look I I bet if you asked the the Del app uh is is what kind of churn is is respectable 10 million Mr what's good headline copy for an email campaign like just any of
these things I'm sure he's written blog posts and talked about it on podcast so all of that just gets compressed down and you can just very quickly find that as opposed to trying to search Google and landing in some weird place um so let's go to Lulu Lulu says this clip made me realize why Mike Tyson's pre-fight Trash Talk has felt so much more convincing Than Jake Paul's Paul's
bravado fluctuates it's dialed up or down depending on the setting Tyson is only ever one way there's no on setting because there's no offsetting so when he menaces Paul it comes across not as the usual Bluster but as straightforward description of what he plans to do to that unfortunate young man so I don't know if you know that the the video that she's quote tweeting but it's basically
this this legy yeah yeah what do you think you know Mike Tyson what do you think about Legacy it's like a sub 10-year-old girl asking the question he just goes into this like rant around how Legacy is like nothing and we're all dead and dirt and like there's and and to be honest like when I saw Tyson talking about that I think other people commented on this as well I was like oh
he's set up he knows he's like you know burning his reputation with I don't need to I don't need to I don't need to put this on but like a lot of people think that he took you know basically took a contract that that meant he was going to you know kind of pull his punches but that was almost like a setup interview for being like Legacy doesn't matter this fight doesn't matter I'm one of the
greatest of all times this doesn't change anything when you know people like Foo were like no like Legacy really does matter right like and you just sold you just tarnished your legacy for 20 uh 20 whatever million but you know I thought I thought honestly the the Tyson outcome was a a good outcome for kind of everybody like Tyson looked so incredibly good for being 60-year-old
totally and uh it just for me being able you know I've never seen him fight live Y and so to be able to see somebody like that where truly you know has some incredible gift and then for Jake Paul too I was texting with Joey about this if he had gone and and knocked out Mike Tyson somebody who people love it would actually made his it would have been bad for his brand so like kind of having
like effectively a draw was like kind of the best outcome for everybody cuz like Tyson looked good you know Paul didn't get knocked out or lose you know it was like to me it felt like watching arold Schwarzenegger in like The Expendables or like do some cameo in like Terminator 6 or whatever it's like it's like sure it's maybe a step down from what your original expectation is for this person
but I'm very I'm I'm completely able to separate it especially with Tyson because there's been like what a 30-year Gap in his career it feels like he's you know having fun I mean he's been doing a podcast for a while he's just like he's doing random stuff he's not taking it as seriously as he did before pre-retirement and I think it's kind of a weird expectation to think that it's
like oh no he's he's un retiring and like being a serious boxing competitor like is this even like rank is this anywhere near the is there a belt like I I don't even think I think it's just exhibition purely an entertainment and so yeah this is reality TV now instead of like true Olympic sports but that's fine like I expect her do that Capital allocator he's known for boxing but he's
made some significant Investments he's also a Founder yeah yeah he's also a founder and Jake Paul runs a venture fund so in another world this could have just been like capital allocator on Capital allocator exactly exactly we need more of these yep let's go to the horse dentist the horse dentist says me at the job I begged God for and it's uh the guy from Always Sunny just suffering I guess
suffering this really resonated not looking well yeah this is the wrong attitude to be hon you know I looked you know the horse dentist had a had a great post here but but uh you know just because you're getting a job at the at the place that you've wanted to work for forever doesn't mean it's going to be easy or fun the point of the job is to not is not to have fun it's to get money
and make history right like be on the team that you know you know imagine you know do you think the the new hires at Deli are enjoying their enjoying their job sure it's fun to work on something important but Dar is you know cracking the whip like it is a you know those are 14 15 16 hour days they're loing over Deli so anyways job's not meant to be fun it's about bringing
home the bacon let's go to Michael who already follows us thank you for the follow um and he writes welcome sunno music and Jack D Brody sunoh hires former snap exec big get big trade deal we could do a whole Deep dive on this because it is a massive uh vote of confidence so Michael's over at light speed Ventures they have a portfolio company sunno they make AI music generation we got to try that we got to
get some we got to get some beats for some of our intros and some of our segments uh like this segment for for big Talent moves draft days NBA shakedowns um and they've Jack Brody former head of product at snap uh probably storied career there he was their Chief product officer Brody told the information in interview Tuesday that he's moving over to sunno this a guy that could do anything he could
raise a $500 million Venture fund he could go start a company and and probably raise you know $50 million precede and so going to sunno Big vote of confidence for sunno and you know that's one of Michael's bets Michael is you know one of the Godfathers at podcast that's true without him there would be maybe 90% less podcast in the world would be a much worse place yeah worked over at
Spotify and obviously knows audio very well so you he sold his company to Spotify which became their sort of studio studio yeah exactly so huge trade deal Jack didn't even make it to free agency went straight toso those those are the kind of deals like somebody like Jack doesn't hit the market right like he uh he's not going and implying on indeed right so uh back back back door
deal yeah probably big multi-year contract probably fouryear vest one year defit eight figure you know contract NBA level congrats to everyone involved uh let's go to Fox News they say Josh broland uses nicotine pouches 24 hours a day Peak Performance that's amazing does that imply he's waking up and just popping in a pouch to get back to sleep presumably Falls there is some type of
effect where like the more nicotine you get like you actually can get a little bit sleepier um I've hit that point on on long I was driving back from San Francisco and uh towards the end I was like I actually got to Dial Dial back what's funny is like is like how did this become a news story you know like does he have a like an agent or like a PR person that's like pitching this like
hey Fox maybe he should become the face of of Lucy right we like that he be the new Mar man yeah if you know there's a guy I've talked about on the show before a capital allocator that uh is very behind the scenes he has to be called the Jewish cowboy and I talked about him we were at a a VC dinner Y and between every course he was putting a new uh Lucy pouch in um because he didn't like reusing them but he wanted
to sort of maintain the sort of uh low-level Buzz throughout the dinner and fast fantastic person to sit next to you at a VC dinner future Josh broland yeah uh both very Cowboy esque yeah so a lot of cowboys out there let's go to will Quest he says there are a lot of folks who want to talk about how to help Founders go from zero to one we want to help you figure out if you should even
bother yeah uh so will Y and the slow team yes over uh they uh they have like I don't know how public they've been about it but they basically like if you want to start a company or you have some ideas go talk to these guys they'll literally you know at one point um before I decided to to create the the most profitable podcast in the world uh together you know I'd spent a lot of
time talking with young about different opportunities and um you know they invest like often times the companies they end up backing they were talking with the founder you know weekly for for months just trying to make sure that the thing that you know their big thing is like it's totally possible to pick an idea execute on that idea perfectly and then not build a big business right Team
B I've been talking to will or or Yoni and uh and gave them the sort of party round Playbook of like we're going to go you know use this viral marketing strategy to build you know this like fundraising product they would have been like cool like you could go viral three times a month and get all this attention and all these customers and not create a lot of Enterprise Value and so they're
trying to make sure that the thing like you know and their strategy of investing money to like prove out DCS along the way and also not trying to prove out like don't come into a business and be like we're raising a million dollars we need to figure out these five things and make sure that these three things go right in a row they're much more like make sure that you're raising money and
trying to get one thing right and then get the next thing right and like kind of do it in stages so it's great go talk to them if you're um you know a Founder looking to do your next thing promoted post promoted post uh from Patrick oanes he says we made something new introducing Colossus review Colossus review is a print and digital publication that creates definitive
accounts of investors Founders companies and the people and ideas that Inspire them the cover story in issue one is Graham Duncan but we also include a separate 4 and a half hour discussion with graham that is among the best I've ever done uh big endorsement there had some good conversations I ordered instantly and I I love these new trends of these magazines I bought Arena magazine by Max Meyer and it was just
fantastic to have around is like almost a coffee table book but it's just a magazine it's going to come regularly the kind of thing we've talked about this you you save it you put in your you know luggage you put in your remova uh and you wait for the next trip to a man so that you can enjoy it in the right setting right so Colossus review is certainly and it's just a little bit
more durable like I know that I'm going to have that Arena mag or this Colossus mag for years and I'm going to it's going to turn up randomly on a bookshelf and I'm oh yeah I'll leave through that that's just much less ephemeral than a post or or or podcast it has just more durability yeah and and I expect things like Colossus review to overtime replace the the the gaping hole that uh that
Forbes L left right I don't know anybody that subscribes to that to that magazine or publication and so it's got too much sort of like baggage with the brand and everything and so um you know I expect that Colossus will be something that will have a very tall stack of over time so you know I have a friend who uh collects National Geographics I think and has and and he was passed down from
his yeah passed down through the family and has every single Edition I think it's National Geographic maybe Time magazine or something and so when you go over to his house he'll say like oh what's your birth month and year and you can pull out like what was in the news then it's super interesting experience it's really fun and I could imagine doing the same thing with Colossus like
with you know children or the children's children like oh the year you were born was the greatest Capital at the time at the time right uh and and that'll be a treat uh let's go to Luke Metro he's been on the show before uh Luke says technology brothers are o at to root root for Jake Paul tonight since he's technically a venture capitalist because he runs the anti fund with Jeff woo
complely age yeah you know my only critique here is that he said technically right he is a venture capitalist trying to you know there's no reason to decit discredit it pull up their portfolio page they've backed a lot of fantastic companies Jake Jake Paul is um you know you know one of the greatest gambling entrepreneurs of our time as well got a company called better yes um so doing this whole uh you know
yeah Luke's trying to gatekeep venture cap oh technically he's a VC I guess because he has a f it's like no Luke he has a fund he is a VC cool it with the gatekeeping man yeah you're not gonna be on the show for very long if you keep keep it up man and and I and I imagine that you know when Luke eventually leaves andril to start um you know his next thing he's going to wind up raising
a $400 million fund and we're going to be oh he's technically a venture capitalist now no no and he'll he'll raise a preed from anti fund then go and he'll have his own side fund too and and we we you know we'll we'll put we'll put respect on both those things I appreciate that yeah Redemption Arc coming through uh Bryce Roberts says investors would rather see you die
trying to grow 3x per year than live compounding at 30% per year and Eric jensson says institutional Venture investors what do you think yeah so Bryce uh Bry Bryce at Indie has been a longtime proponent of just building a fantastic company and worrying less about Capital yeah yeah um no and he he's evolved his model over time he had you know more kind of like structured product um back in the you know the
2010s and you know now he's back to you know he's got a $50 million fund you can go to him if you want to build uh the next Uber but um but he's interested in investing in Founders that want to run businesses that are seriously well-run uh and capital efficient which uh is admirable because that sort of became the trend in some ways in some aspects of the Venture world in the last two
years but he had been all about that um for for decades so uh great shout out to Bryce I really want him to do an event uh in Park City uh because you know he's he's out in Utah awesome I want him to do a uh ski uh oriented conference so Bryce please do it that' be great uh this winter no time to waste fantastic do we have a post uh next sponsored post is from Brooks Brothers put some prep in
your step the weekend is calling Ash Brooks Brothers so um I would say it's Monday while we're recording this by the time we post this it'll still be Monday our our VP Ben is quite quick in getting these out but um before the weekend hits go get some Brooks Brothers on uh you've got no excuses you should be looking good uh going into the weekend and Brooks Brothers are products that you
can wear it's just a fantastic brand yeah to the to the to the country club y out to dinner um you can walk options my first suit ever was Brooks Brothers yeah it's fantastic this is a brand that you can wear anywhere you can wear it uh to the country club or uh into the Laura piano store and still get respect you so um to Brothers tell them the technology brother sent you yeah uh let's go to
Mitchell Bernstein uh first time on the show he says if you don't ask if you don't ask you don't get my cooworker ju won is asking for a raise from TR ramp every day and somebody made him a website to track how long it will take I love this company have you seen this uh Jan at ramp is has been asking for a raise at ramp every single day and he posts on he posts on X day two of asking
for a raise at ramp day three of asking for I thought this I wasn't sure I thought this was an account that they created just to like get some fun and engagement may I think it's just an employee's going rogue yeah it's very bold they're a big company now so I mean imagine if he's sitting there at like 190 comp and just wants to Angel invest and just needs to be an Institutional needs toedit
investor yeah exactly it's like this is going to go back into the ecosystem you know for that reason alone regardless of his performance at work I say get him over the 200k threshold yeah and and literally if you're listening to the show and you have a boss spend some time today sending an email asking for raise lay out the reasons if it's just cuz you want to hit that uncredited investor
Mark that's a really good reason a great reason uh if you think you're doing great at work and driving a lot of value that's another reason but um there's plenty of reasons and you should just go ask for a raise yeah if they ask you why just say you can just do things Ben is listening over there yeah you know I realized uh I realized something that we have this current meme of you can just
do things but if you go back like 20 years there was a similar meme of having a can do attitude yeah and it's the same thing you can do you can just do things having a can do attitude is somebody says oh can we get this done you say yeah can can do attitude you can just do things they're the same it's the same meme it's the same philosophy just maybe separated by 20 years of like cultural
millu and and like stagnation but we're getting back to that can do attitude and I love the Rebrand of that so let's go to um a non sign wall for first time in the show he says xai employees just got their Friday night obliterated uh and Sam Alman says which one of these is supposed to be the left-wing propaganda machine again and he has two screenshots one uh that asks uh which should be the
better uh the better president and uh and they have two different answers from one from grock and one from chat GB so I saw somebody do a deeper dive on this and uh one probably very true if something like this gets posted on elon's platform about his company and SE issue with it yeah they're going to have it around Friday night um and a very close friend of mine uh is joining X as
of today we we'll talk about that uh on uh the next episode but uh yeah so I actually saw a deeper dive on that uh on Sam's post and it it did seem like he had uh sort of strategically cropped it or screenshotted it in a way to not give the sort of like final conclusion so I think what Sam was doing is what you know a lot of people do which is content marketing right uh and pretty smart
content marketing right made a stir um and uh but anyways at the same time like I would expect all llms unless you actually went in and put your thumb on the scale to recommend comma because that's what was being recommended in all the Upstream Source material right like like nature magazine Science magazine The Economist New Yorker the New York Times like they all endorsed Kamala so
there's going to be much more long form pieces on the Harris campaign and why it's the best for America and so if you're just an llm that's compressing long form journalism in the internet and you're not picking up on like deranged memes un AGI unless AGI has been achieved internally and it's Senti it and it's like I just want to accelerate right it's like maybe you know you would
think that open AI um you know model would would be like actually no I want to accelerate but I also want regulatory capture and like they're kind of like stuck I saw maybe Nikita posted this it was like AI will not B bite the hand that speeds and and if you ask Chachi PT who would be better to be like the god Emperor it says Sam and if you ask grock it says Elon yeah which is like yeah of
course like I respect my boss give a raay uh Will O'Brien uh says uh we will call this one the itar Gita and it's the I think he actually bought it so yeah on McMaster Car they sell itar compliant Gatorade I don't know how that even works and then there's some Kirkland vodka and I love this the margarita fantastic yeah great way to to take the edge off during work or afterwards and it's just fantastic that
itar has become a meme to the degree that 2,000 people will like it this was not a thing that people knew about five years ago yeah and day drinking shouldn't be reserved for financiers having a having a a midday lunch and having you know a few martinis just you know you should be able to indulge yeah I think that whole thing about drinking while operating heavy machinery was like
entirely fake news I think I saw like a hubman podcast about that it's like not real so yeah enjoy your itar Garita uh oh here is a huge move today this is a big Talent move Aran Nik says some personal news today I turned 21 and I'm very excited to share that I've left school and I'm joining Pace Capital full-time I wrote a little bit more about what that means here congrats on the Move Pace pulled him out of free
agency he's never worked anywhere straight into the big leagues straight into cap allocating congrats this is amazing what do you think yeah I I know nothing about Pace Capital no no of course I know about Pace Capital coer um phenomenal team yeah one of one of the best things I'd recommend people do is anytime um Chris Pike does a podcast if you could lit be the first person to
listen to it maybe summarize it with AI and then start massively ripping threads based on those ideas uh you might be able to get credit for them uh because the guy's a big thinker and um anyway was he one that the end of software that was crazy because it was Google doc he posted the link which links are banned on a and it's still it was so it was such a good post honestly posting a
link is a real way to test your bangers cuz like if you can post a link it's break through the wall you know it's good yeah the ceiling but I am so excited for his rookie year uh I'm I'm definitely going to be following this is somebody that we'll be covering for potential Rookie of the Year candidate I mean I don't want to call it too early but uh this is a big this is a big move
this is a big move and potentially future brother of the week potentially so keep it up keep posting do some deals alligate some Capital Drive some shareholder returns there we go let's go to Nick Huber sweaty startup says you guys are spending your Saturday nights watching Netflix buffer I'm making cold calls and catching up on emails how to win when Zig did he say Saturday night
else Saturday nights okay which is funny because the fight was buffering on Friday uh but but anyways uh Nick Nick has built an incredible career on pissing off people he does want to work with right so like he's understood that you don't need everybody to like you you just need the right people to like you um but the guys at grinder uh you know accomplished quite a lot 99% haters but
millions of people paying attention so there's still 10K people that love you exactly ftic uh recently bought a uh you know a staffing compan um we you know use some offshore editors here on the podcast so um shout out to Nick for pissing off the right people and or sorry pissing off the the the wrong people and making the uh the right people like him yeah the cold emailers
shout out to them Scott bsky says uh doesn't he work at Adobe yep yeah right uh prolific Angel yeah uh he says momentum is one of the most defensible Moes consistently underrated by companies with products that are undeniably better yet still suffering in Market momentum is a more sustainable advant Advantage than most realize yeah it's great yeah yeah we've seen this
multiple times where it's like what is the moat there but they just keep shipping keep getting better and eventually compound I win more I win I win more I win I win more winning compounded yep yeah it's it's hard to measure I mean it's this is almost a bull case for like the momentum investing that a lot of VCS do where they're not really building spreadsheets or digging into DD or really looking at
anything other than just okay wow this feels different this feels like fire no and you can feel that throughout you know if you meet a founder and they're running like a six week fundraise process a really good way to kind of evaluate the business is like how much progress has happened in the business internally did they get a massive hire you know you know did they land a big
customer did they expand an existing account there's just so many ways to like look at that and the companies that are sort of like faking their momentum often times that it kind of evaporates once a term Sheet's been signed and it's like oh there actually wasn't that much momentum it was it was really maybe not real um so anyways build real momentum it's great let's go to Ian Roundtree he
says uh he posts a screenshot about um using saunas for networking it says want to network in Silicon Valley bring a bathing suit instead of bars and restaurants saunas are the new place for investors and Founders to socialize and raise money and he says absolutely not if you want this from your VCS look elsewhere for Capital disrespect Ian uh I I don't actually know Ian but like this guyos
kantos but yeah no I i' I've invested in companies that he invested in uh quite a bit earlier so I felt like I was investing when they weren't hot but they were really not hot uh sh Shin K is an example um but yeah I I also saw Mark replied to something like this I was just like no um but yeah this example of like where Silicon Valley could go down like kind of a dark path where VC's are
like yeah just meet me in the sweaty Spa like if you say like meet me at the sweaty Spa there's like a big aversion to that but for some reason people think that Sonic uh you know is different I do agree that bars and restaurants are going out of style even the coffee meetings are going out of style I know a lot of uh VCS that are taking pitches with startup Founders at McDonald's now
yeah so say let's meet at McDonald's instead of the coffee shop in s just kind of let you know instead of coffee like a 3our lunch with five martinis that's a really good way to get to know exactly Yeah couple martinis get back in the office and create some shareholder value that's right great make a risky bet yeah uh let's go to hagga c. eth uh so I tried to build a tech company from Norway and here's what
happened two years of building without almost any money funding better part of a year without salary raise VC and become one of Norway's first unicorns face real unrealized gains wealth tax bill of many X my annual net salary of course the company's loss making and all the investors have preference shares so I can't take out any money call out publicly that this does not make sense
independent of level taxation needs to happen when you actually make money I moved to Switzerland because no politian politician cares or listens I still don't get any tangible and sensible answers to my criticism of unreal unrealized gains tax but I do get to put up the Wall of Shame at the Socialist party's offices yeah so they basically the the Norway Socialist Party has literally a wall in their office where
they put great entrepreneurs people that left because they couldn't bear the burden of this unrealized capital gain so anyway shout out to nor Norway for um getting your best and brightest to leave and just go build their companies elsewhere what a mess um total mess uh this and and the crazy thing is this law was being proposed by the comma like administra they were teasing it teasing
it uh who knows if it would have gone through but just the fact that any politician was in favor of that shows a complete lack of financial literacy y y and that was the one uh I would explain I explain that to my to my parents just uh at one point and they were like wow that actually doesn't really make any sense so what's interesting is like you know when the unrealized capital gains
tax was proposed a lot of people came out and said this tax will have you know a negative effect on Innovation and the economy but I didn't see anyone propose an unrealized capital gains credit and so you think about a capital allocator who grew a million dollar investment into a billion dollars why do you want them selling maybe you should get them some liquidity via tax credit great a
payout from the government so that they can reinvest in the next generation of great companies double down without needing to put downward pressure on the stock market totally I think that should be like the next platform kind of Tak it the other direction Max long yeah exactly exactly so I got there um got a promoted post here from Evan dolgo sorry if I mispronounced that but Evan is over
at X presumably working on their ad product he says in addition to or sorry he's quote tweeting Elon he Elon says just want to say that we are super that we super appreciate Major Brands resuming advertising on our platform so um thank you Linda and the whole xai team for your hard work um yeah so sort of common at this point but um you know earlier this year and and I guess over
the last couple years major advertisers were sort of uncomfortable with what the kind of content that was on the platform and the changes Elon was making and there was pressure from other groups so a lot of advertisers just completely stopped spending on the platform um and Evan says uh we're seeing Fortune 5 1,000 CEOs and Technical leaders use x directly so I guess they're skipping
just like working with agencies um and uh you know Outsourcing this kind of thing uh and uh I'm really excited I think that one of the the underrated things that will happen with X is just the ad platform getting a lot better historically in the Twitter days it was really impossible to get any sort of direct response y campaigns working on the platform and so uh this company X has more data on me than most companies
I want them to have more data so they can make better ads I'm actually I want them to create a separate premium product where I can pay a lot but still get all the ads right now that my ads are I don't see any ads um which is you know I like ads and um it's a big part of um you know we're trying to get it to like 20% of the content on the podcast so big fans of AD here and x and thank
you to Evan yeah thanks to X and tell them the technology Brothers sent you when you sign up for a premium subscription highly recommend it you get a blue check mark in a bunch great features so go get X premium ASAP let's go to Sean Frank he's been on the show before parking at the new Clippers Stadium is 70 bucks parking tickets from the city of La Range from 37 to $76
usually parking tickets are slowly becoming a good deal I like the way he's thinking Arbitrage arbs arbs no I it was you money for me was when I could park my car and like be in a hurry and just risk like getting a ticket right because I and and and knowing that if I did get a ticket it just like wasn't going to hurt y because like when I first moved to LA I was driving a car that I bought for
$2,000 that had uh 200,000 miles on it and like that incremental ticket was going to be like oh oh yeah like big deal that's a whole Trader Joe's run that's just not going to happen well you know Jim Simons founder of Renaissance Technologies rip uh would famously speed everywhere yeah because he just made the economic calculation that it's not worth it to him he also smoked and never wore
socks but I know how that my favorite my favorite Bean air car story is uh you know that Steve Jobs would just get the same 9911 like every 3 months CU he didn't have to Plate it y there was some I I think that loophole was maybe removed but he just always had the same car never had to played it and it was like fully legal so that's a great ARB fantastic and uh such a wild story yeah
I love it uh let's go to suel oh we already talked about this let's go to Henry Henry says adderal is unfair I can't believe we found the Limitless pill the super serum the nectar of Athena and only Annoying 12-year-old boys who chew on erasers get it I say this is a former annoying 12-year-old boy who chewed on erasers I mean this is not true ad is like well you're you're
not trying hard our society there's there startups that will sell it to there's a bunch of tele medicine companies that like basically just like violated every single possible law yeah eventually the the DEA shut him down uh or the yeah I think the yeah I'm sure there's a lot of there's a lot of doctors in the valley that that um a lot of doctors in the valley that that happily uh understand that capital
allocators and uh high-intensity entrepreneurs need uh Peds there is a very interesting thing where you know you you have to be somewhat smart to get access to it and so you can get caught in this like death trap of like not having enough motivation or or intelligence to go figure out how to get it yeah and so you get stuck but also I knew I mean for me I wish I just discovered nicotine earlier cuz for me I
get the same uh the same benefit I've taken Aderall much shorter acting before but it's shorter acting I actually feel better on it I have less of these side effects like I think the average Aderall user uses the product during the day and then by like 600 pm. it's wearing off and they're in a terrible mood ter it's just too strong I think it's over overprescribed and overdosed um and uh
ni entrepreneur recommends nicotine yeah yeah but uh I mean you saw RFK is planning to send all the adderal addicts to like some Farm it was reported as like he's going to send them to like concentration camps because they can't concentrate or something it wasn't they didn't actually use that but but that was kind of like a misinterpretation of what he said he said like I would create
like rehab facilities where people could go and get clean optionally he wasn't mandating it detoxing from Aderall is terrible I've never had to do it but I've had um yeah people that I'm close to do it it's like multimon I mean the whole thing is they should just titrate down so if they're on 20 milligrams they should just do 19 18 17 16 just smaller and smaller Doses and that's the trick
with all these things you usually like the cold turkeyy is always like the hardest yeah uh for most people of course some people they that's just the only thing that work yeah Sports betters if you're out there you're trying to quit start with a $10,000 bet just work your way down and by the end you will barely feel anything and you'll be like I guess I can just quit yeah exactly but
most most quit before they're right about they're about to hit a big let's go to Jeff Weinstein at uh stripe he says today stripe is launching an SDK built for AI agents llms can call payment billing issuing and apis integrates with versel Lang chain and crew AI use any model via functions per token billing excited for what you and your Bots build and then you replied and
said but everyone said AI would only want to use crypto so yeah what are you thinking there because they did just buy brids they're doing stuff with st there's this there's been this narrative that that AI agents which Jeff kind of uses his tongue and cheek but he says Bots like Bots like used to be like pejorative portive and now it's raise you can raise 10 on if you say agents
they needed to Rebrand it rebranded it it's great uh we love it we love a Rebrand that that contributes to a bubble um but yeah I thought this was cool like stripe has sort of consistently um this is the challenge now for new startups is that you have these big companies that are moving like startups right like Jeff and his team are try going and competing with them on an Corporation product right like they
care so much about the product Jeff will if I if I've ever had an issue with any product that Jeff's involved with I text him he responds immediately he's like this is slated to you know and so that's part of he's at stripe he works on on their Atlas product sounds like he worked on this as well but you text Jeff he's like uh I can't promise we'll get this fixed in the next hour but
definitely definitely in the next like 24 hours you know very briefly about something like super high that's a byproduct of like having a very entrepreneurial culture hiring Jeff's a former entrepreneur himself that's right and so um tough to go compete there but I think it's interesting because I I commented that because there's this broad narrative that agents are just going to use
digital assets because there's their permissionless and you can just like they're instant um they're less regulated uh and that that probably will happen but there's going to be competition from traditional payment you know technology providers as well there's almost like a like an interesting Theory where it's like if the AI agent can write so much boilerplate code like can at a certain
point they just like instantiate like a like a stripe clone essentially and just use like the most underlying payment rail because they're like well yeah it doesn't matter it's all boiler boiler plate like I'll just write it all out uh I don't think we're anywhere near there yet but you you could imagine that you you tell an agent to go do something and it just rewrites everything you know put
a put a website on the on on the internet and it just rebuilds WordPress from scratch for you whatever uh who knows uh do we have a promoted post right now yeah uh jumping in promoted post from Rob report Rob report uh great publication and platform says perched along the rugged Cliffs of Big Sir a 150 acre Ocean Front estate steeped in history has hit the market for the first
time in nearly 60 years that's a gem um incredible looking property I could imagine us having a you know podcast studio somewhere like it at some point be a great place to uh record uh but anyways if you are centi no you're going to have to be a beire for this one cen's uh depends on how much leverage you have yeah yeah you could use a bit of Leverage and uh if you're CTI and
potentially acquire this sneak in um we are fans of Leverage but um yeah anyways looks like a fantastic property happy to promote it here and I think that it's important um to uh really you know once you are post economic to really start thinking about doomsday scenarios yes um it does become really top of Mind get a place that that you're going to sit out for the next Corona virus with your
family loved ones um get it well situated this looks like a great place I mean we wanted to highlight this because it seems like a steel honestly so hopefully somebody in the audience can pick it up at 100 with this property it seems like they're giving it away so I'd make sure to do your diligence and make sure there's no skeletons in the closet but get in there and let us know if you than you Rob
report thank you uh let's go to Chris power over at Hadrian he says commies are afraid of the tungsten rods and it's a quote from nay Asia that says China plans to tighten export controls on key dual use Technologies and items in two weeks including raw materials and metals such as tungsten graphite magnesium and aluminum Alloys used commonly in Tech products Chris power uh Adrian he buys a
lot of aluminum now's going to be buying more stuff soon um anyway so I think I'm just glad that that people like Chris that are having an impact in these industries are going to call the commies out directly there's too much infighting in the United States uh this is about us versus communism always has been communism is arguably you know one of the most historically significant
iterations of the Antichrist and we need to fight back yeah let's go to Nikita beer he says more and more have lost conviction that minimum viable products make sense for product development it makes no sense to release a product with the core flow and then dismiss its viability after the aggregate data says people aren't using it instead Founders should have a fundamental belief about what people
want and they should keep iterating until that value is correctly surfaced in practice this means you should keep a steady flow of new users as you add components to the product seeing if it solves a core part of the activation and signup loop I love this it's uh you know just being deterministically optimistic yeah I feel like he's finding a balance between iteration and I think what he's
saying is don't put slop out there and just like be like oh it works minimum viable it's like an excuse that a lot of people have picked out yeah put out quality things but commit to iterating on them yeah yeah you want to just uh just just have a an yeah sort of the nature of like as software development and Building Products specifically digital products has gotten a lot easier it's just like
the bar all that meant is that the bar got higher so if you can write half your product with llms in in record time like the actual product like in many instances just needs to be you know multiples better than whatever you're replacing yeah yeah makes sense let's go to siki Chen he says unpopular opinion the more AI based sales and marketing tools get the more valuable creative non
AI methods become proof of human proof of work becomes 100x more valuable Zig when everyone is zagging this is what Huber said too everyone loves the zig when everyone's zagging yeah the anti I've talked about this before at least we've talked about it directly so even though it does seem like New Gen tools like came aggressively after people that do stock photography people that make
illustrations like some of this lwh hanging fruit things that people thought like oh AI will never be creative like I'm always going to just be able to make my like Jingles with like no competition or um it does seem like it's it's very much coming after the the the execution oriented creative work at the same time the best creatives that I know people like Ryan Harmon over at day job EMT
shine who has a new agency he was at Jin Lane we work with EMT on The Branding for rora system people like that have never been more in demand like they turn down like probably 80% of the work that comes into them and so you see this bifurcation of of super talented creatives you know even like wheni worked with an agency um I forget the name of it to do like his original Every Time released
something he like blows up the agency that did it sure and that's just because it was like it's not just because it visually looked good it's just a lot of thought went into it and it looked um you know it's sort of he like starts these little mini Trends every time he does something yeah there is something about like a lot of the AI tools are essentially like averaging the results
you get a very like mid mid results so you can develop right now you can use gen to make a site that looks like linear y they're old their old stuff but you're not going to make the next linear using J hard that's the beauty of it yeah and so just just taking the time to actually be creative and think of something unique and differentiated is is the value it be an ideas Guy this is
the same uh do we have a promoted post promoted post from Ferrari uh the Ferrari tailor made program is the pathway to realizing unique Ferrari models such as this Ferrari 812 competition with its stunning Verde mineral Bodywork competi um inside seats in beige picari leather round off its inimitable defense inimitable inimitable sense of sophistication hash Marinello Ash Ferrari uh I saw a fantastic a12 in look
at this thing it's beautiful look at this yeah I saw beautiful 812 in West Hollywood a few weeks ago it's unfortunately my um sort of a sad story my friend uh Bailey startup founder out there uh with a company called ribbon he uh he and his dad are very into cars have a fantastic collection and unfortunately less than two weeks ago they were driving back from PCH and some
Bozo in a model 3 really like made a really like sketchy move overusing the acceleration capabilities of their car and sideswiped their 8 12 GTS uh very unfortunate I believe it was part of the tailor made program uh but anyways best sort of like customization program on the planet uh some of the best looking cars in the world come out of it yeah and uh I hope every one of our listeners
uh takes the time uh to play the Ferrari game and get into this program it's not something you can walk in off the street and do yep um but it's certainly worth doing but if you're at the Ferrari dealer tell them that John and Jordy sent you let's go to goer he's been on the show before say this is a great headline and the screenshot says Red Lobster CEO says endless shrimp is never coming back
because quote I know how to do math and I love this this gu this guy's great I forget the exact backstory but isn't he like one of the youngest like Fortune 500 or Fortune 1000 CEO super young very young just like comes into like this established brand and like just going to use common sense Common Sense common sense yeah um but he's had a lot of headlines like this yeah hopefully we can get him to
you know call into the show at some point what what a Revival for this brand I mean clearly just taking the company in a different direction and then also getting pressed while doing it it's fantastic yeah I think more more public company CEOs need to just be like saying like really simple things that will get picked up that just like act like maybe directly or indirectly carry out their
message Y which is like Red Lobster CEO says I know how to do math we will use this to our benefit on business strategy decisions yeah it's kind of like compressing down like a bigger Theory like like I'm sure there's 10 other CEOs right now that are saying like well we're driving shareholder value through responsible Capital allocation um but that's not going to go viral that's not
going to get Red Lobster CEO is like I used one of our napkins at one of our restaurants to like update our our strategy going forward and you should you should be able to do that it's restaurant business it's not the most complicated thing thing like you should know like you know Revenue Minus cost profit like this is basic um this has been the foundation of our podcast right
and there's a lot of people that go into these companies and they get too creative and they start telling wild stories to the stock market and they get over their skis with some sort of crazy pitch and then they have to back it up and so they're investing in all this weird stuff instead of just like you know doing cost blocking and tackling and just grinding it out uh let's go to Josh
Kushner he says as heavily researched as the information and I believe he's calling out uh Sam lesson for did Sam write the post yeah Sam wrote a post and said that uh Josh Kushner uh quote invests in Fifth Avenue and that slow wants to not invest in Fifth Avenue and not chase the really hot deals um but Josh was clarifying and was posting a a screenshot from his interview with Patrick on invest like the best where he
basically says you know I tell I tell he tells his mom that they invest in Fifth Avenue and my my view is you always P pay a fair price for Fifth Avenue markets go up markets go down but at the end of the day if you invest in quality that quality will ultimately Compound on itself there's a scarcity value to Quality those that invested in Fifth Avenue a decade are happy with it it's a
good it's a good strategy it makes sense yeah you may as well take learnings from Generations in your family and put them to work in in your existing Pursuit this is an examp example of why we have a segment on this podcast called the truth Zone yep where we uh fact checked the Jos that um you know oftentimes it's not necessarily like um you know they like to avoid facts at times and other times
they like just to to to sort of position things in the negative that are objectively positive so uh we are big fans of of Thrive paying up to back Blue Chip companies and I think more allocators should be willing to pay a premium to get into the good one yeah and I mean realistically at the same time like we're a fan of slow and and their differentiated model and the point
is is that these two firms are not or they're less hyper competive they're playing different games and that's okay um but Sam's the master of like throwing in some kind of like snarky little bit to his like screenshot essay just to kind of get people's hackles up and that actually drives engagement so good content marketing that's fuel so I think this is like a win-win because like you
come away reading this like oh Josh actually has a more nuanced strategy than I thought and oh slow has a more nuanced strategy than I thought and now more people know about the differentiated strategies here so win-win little bit of a battle on the timeline honestly the only loser is the information but um as the TM as the TMZ of tech they they can they can afford that uh let's go to Katherine Bole uh
this is an older post actually no she just recently quot tweeted but she's quot tweeting an older post about a there's been a recent daily drip of hit pieces uh and unless you've witnessed one firsthand it's hard to explain what they're designed to do and so she says to those experiencing me media hit pieces for the first time reposting this note on the anatomy of a hit and what
it's designed to do hit pieces are designed to create fear test loyalties tie up the time of you and your team so you can't focus on work they seek to shake the weakest link on your team loose and stop your momentum the only way to lose momentum is to seed to it do not let stop your momentum I love I guess I think that's great point of view I guess what I would say is 99% of hit
pieces from my point of view are just designed to get attention right like it's just like the media company like clickit a desperate cry for for love right like nobody reads these Publications right like it was funny when when uh New York Magazine came after hberman yeah uh it was like the only time you've ever heard of New York Magazine in like decades right and so it's like this desperate uh Ploy for any
type of relevance or like even these these media companies are not even in the conversation at all so it's like kind of like hey like I'm over here like don't forget about me like let me take down somebody that is doing something interesting or somebody that people really love a lot uh in the case of uh hberman um and it was funny because like it was just like Chad homin attacks
against against huberman like really just like this guy's well I have this theory that uh you know the AE travels halfway around the world before the the truth has a chance to put its shoes on you've heard this or uh you know if it bleeds it leads and so my theory is that hit pieces are actually more effective at M moving the needle than puff pieces puff pieces just gets thrown to the side
oh some company raised money and they're going to do something cool but a hitpiece it grips the viewer they got to read it love or hate then usually there's like a backlash to the backlash and your most hardcore fans rally around you and say like what happened with huberman people were like actually I'm on his side and his fan base got stronger yeah and so I've been cing hit
pieces with journalists for the last couple weeks TR talking to them just freely just on the record just ripping quotes just saying whatever and in a couple weeks we're gonna find out if I'm a genius or an idiot because there's going to be a bunch of hit pieces about me and we'll see I think the hit pieces will be really funny I was already in one the SEO benefits alone are fantastic
yeah I was in one in Fast Company about the toxic bro podcasters who are a threat to America yeah and and it was F it was a fascinating article because it goes through it lists me Mike salana Mark Andre huberman and so uh once that article went out it didn't get that much lift because it was just a link thrown out on X by some tiny account that no one remembers but what I did was I
deliberately looked at through I put the whole article into chat gbt and I was like give me everyone's name who's mentioned and I just took this list and I posted this I was like here are all of the toxic men who are Destro destroying America and then everyone else it was like better than being on the Forbes 400 like that for that day like Mark andreon was reposting it everyone was like this
is amazing like this is hilarious people were like yeah they're coming for us like we're must be doing something right and uh and I actually immediately DM the the the journalist who wrote it and was like Hey like we should do a whole piece about me like come on like let's talk and I talked to her I checked she hasn't written the piece yet but we'll see hopefully it's really bad because if
it's really bad then I can get all the all the all the technology Brothers to ride and and take the fight to them and then we'll all be like we're unsubscribing never obviously subscribed but yeah we're never going there I'm putting it in my block list like never going there we like the outrage will drive more traffic and it's going to be mutually beneficial because if they
write some puff piece about me I'm G to tweet out be like oh I got a puff piece like it's so great and a couple people are be like cool dude like like but if there's a if there's a hit piece I'm G to be like this is unacceptable you got to go read this whole thing it's going to drive a bunch of clicks and add revenue for them and it's going to drive a bunch of like support for me so it's
so that's why I think the new model with the media is technologists pitching hit pieces to journalists and then and then benefit every effort exactly we we I mean we did this with Business Insider who you know we we hadn't heard of at the time but we dug in we saw that they obviously put you know clicks and traffic above the truth so we tried to feed them the most incendiary quotes
deliberately to get a hitpiece and you know it had a pretty good effect it it it came out you know very fair and and it actually you you know showed the company a little you know if we're talking about Excel yeah yeah Exel yeah even um you know if if it was more incendiary it would have maybe you know D driven more clicks yeah yeah we the the only critique is that we didn't go hard enough we should have been more
aggressive for sure really aired our Dirty Laundry to give them something to bite on to for that real real yeah you know hitpiece uh you know article link um so let's go to another promoted post and then we'll move on last promoted post of the podcast is from duPont Registry they have a 2022 Bugatti Chiron P pure sport limited to only 60 units worldwide finished in a striking red and
black exterior this pure sport embodies Bugatti's commitment to Performance and Aesthetics blending aggression and elegance in every line yeah look at this thing I mean we love cars and bids but sometimes you got to go to the duPont Registry to pick up something that's truly one of one one of one and a car like that in specifically if you're venture capitalist in San Francisco and
you're going to a coffee meeting and you're street parking that it's going to make a statement yeah uh we saw some VCS yeah there's not much valet around San Francisco and the benefit of that is sometimes you're driving a nice car you don't really want valet dealing with it especially a manual you don't a lot of that's a big issue we're seeing you know in valet around the world you know
valets don't know how to drive manual anymore and sometimes out of embarrassment they'll try to and that can impact the transition especially at W6 I mean that's a lot of cylinders yeah so anyways uh we'd like to see uh if you're an allocator out there go get one of these looks like a great be a good time to talk about jordy's law the 1% rule uh wait I have so many laws at this
point I mean as I remember you phrasing it was that uh if you're a capital allocator you should you should take how what's your AUM take 1% of that and that's how much you should spend on a car your next car your next car so if you have a $400 million fund that's 4 million you should be probably be in like the McLaren one of these uh yeah you could get a lot Ferrari yeah but if
you're managing two billion % of that's 20 million you're in McLaren F1 territory yeah yeah you can get into some of $150 million fund you're looking at care GT $50 million fund you can still get a hurcon you know but if you don't if you don't spend 1% of the fund people AR going to be able to clock how much you have they're going to be like can this person actually write me a check they pulled up in a in a you know
in some BMW 5 series like this makes no sense they're they're not going to be able to do my series a yeah so uh getting getting a Bugatti street parking it outside a cafe in in uh you know Soma is going to be a great way to send a message to the Next Generation Founders or take the meeting in it right you could just go for a drive uh it's much easier to focus on what some AI agent
Founders saying if you're also getting to drive and experience a machine like this exactly exactly uh let's go to Aaron Price Right uh at Andre she says no place more optimistic than the local Ace Hardware store on a Saturday morning low tamam Banger low Banger good uh yeah it's great I think as love to the hardare store on Saturday morning it's great try not to climb ladders myself a
little dangerous but uh I will on on Saturdays on occasion I just love going and getting a widget go go get someand get widget go get some screws go get some PVC pipes in the screw aisle you know looking around really picking what you want build something fix something even if you can pay somebody to do it there's there's great glory in doing it yourself hardware stores also are like
incredibly merchandised right like there's so many weird things that you the only store that they're in is like in the hardware store like some weird like water toy that like a kid would want or you know things of that nature where where do you go to get that normally yeah that's fantastic let's go to Chris Pusa he says you might not like it but you're about to kiss Tim Cook's
ring and empty your wallet and it's a screenshot that says the M4 Max somehow holds its own against the RTX 4 4080 super which is uh uh not quite top-of-the line in video gaming graphics card but certainly up there and yeah I mean I've I've heard the benchmarks on the these m4s like 100% worth upgrading like they're even in the Mac minis now and they're like the size of an Apple TV
now and the M4 just incredible performance so um if you're I think it's underrated how in the same way that the Cayenne allowed Porsche to to invest in the 911 platform sure the iPhone has been that for the entire Mac ecosystem right so yeah that makes sense all historically like you know growing up in a in in an apple household I never actually I never owned a PC until I got a uh until I got one of those little
mini like $200 computers in high school that I would use to Dos my dad's website fantastic I would just literally in my room I'd be like have this machine running that would just be doing my dad's website and I'd with him I'd be like Dad why is your site down he's like we're getting like the calls coming from inside the house yeah no my dad my dad was a teacher so I just think and he
would list his homework on the website so I would think it was hilarious so students can't get it well like a hero of all his students like sorry it was it was your website was down bro yeah yeah yeah honestly my dad's problem he should have had Cloud flare set up seriously yeah resistant but yeah no I I think that that the the it's it's amazing that that Apple's continued to just continuously make the
MacBook Pro the only laptop that matters unless you're you know we have thinkpads but just for sort of like modeling work that we do yeah yeah but yeah fantastic machine uh highly recommend upgrading uh Aiden mlau says okay this is wild and it's a quote from Noah Smith it says notably heavy users of Tik Tok I.E those with three or more hours of daily screen time demonstrated a roughly 50% increase
in pro-china attitudes compared to non-users very bad very bad really not beating the allegations Tik Tok not beating the allegations I'm I'm super app you know I I uh one of potentially the most wasteful domain Acquisitions ever but I own band talk.com you told me about that um bant talk.com nothing up there right now but if you want to do something with it I wonder how it's
going to pencil out I mean obviously we talking about politics it's basically no but but basically the whole like political movement to ban Tik Tok is completely seemingly evaporated yeah because of the SES Guana guy right yeah he's like a huge shareholder and he's a big donor yeah so I I think he got a killed but I I hope that you know obviously like I was Pro Ban but I do
think the American companies can out innovate if they keep developing like I've already seen a lot of people move to YouTube shorts and and Instagram reals yeah and realistically like you just need to develop good media habits and recognize that even like an Audi book or like the founders podcast or like the the next generation of successful Capital allocators are really
really not watching you know Tik toks so just just intellectually tell yourself I can't think of a more negative signal than then uh you know yeah it's only becoming a meme with parents like parents don't want their kids swiping and scrolling like like Pixar film that's a masterpiece there's a reason Pixar I think if we build a movement around everybody realizing that swipe on Tik Tok is dollars that you
could be putting in in in meta shareholders Pockets yes oh this is good that is like by itself just like the the the financial dilemma there is just like just should you know we need to protect American companies and encourage American innovation and the more dollars meta gets per citizen in the United States the more they can innovate and just support Zuck I mean the guy has a
fantastic watch collection he's getting into cars now great Ranch great fits what does Shu have at Tik Tok the CEO I don't know anything about his interest he just shows up in Congress wearing some boring suit lying claiming to be this real boss when clearly he's not claiming that they're not storing all the data when clearly they are and so who do you want to support the the Chad
Zuck or the Virgin I need actually I need to add uh DJI and Tik Tok to the en because I think that a it's our duty to to say again I I think we could even get bumper stickers made that say like keep your swipes on American apps exact every swipe matters every swipe matters every ad watched that's going into the American economy if it's on and if you want to personally benefit from it buy
metastock yeah you know exactly you can't buy Tik Tock stock you can't buy bite Dance I mean you can but good luck getting the money out of the country when you need to rough um this is some heartbreaking news I'm I'm really really disappointed about this but we got to talk about it so uh tapestry and Capri Holdings have called off their $8.5 billion merger so so tapestry owns
Brands like coach and Kate Spade while Capri owns Versace and I think we were all really excited for these storied Brands to come together in a merger that could drive more shareholder value better products go even go further up market and we love consolidation consolidation is important yes and the fact that that this isn't happening is you know we need uh you know we're fans of consolidation we're fans of
competition sometimes you need consolidation to encourage meaningful competition right and could have created competition yeah competitions for losers competitions for losers this would be less competition but in this situation we're trying to create an olop right where this could have created a sort of meaningful competitor to lvm and while lvm is still founder Le and and really quite a juggernaut um you
know we want more uh multinational conglomerates sort of competing for luxury dollars right drive up um you know the quality of goods is going to drive up margins ideally um and create you know more Diversified you know assets yeah so our hope is that uh you know some private Equity firms can get involved uh figure something out turn some of these companies around there
clearly like a general excitement about the opportunity buta just going to be going to be one of the big beneficiaries of the OIC boom benefits of falling interest rates and Rising asset values so yeah we didn't we didn't talk about this during the OIC section but um but yeah all that money that that would have people would have been spending because on things in their life because they
were overweight like Doritos and things like that they can now spend on watches bags uh clothing expensive um you know jewelry Etc and F fine Goods so yeah best of luck to everyone involved in both of those companies we hope you can figure it out soon figure it out let's go to Eric he says there's no comparison here perplexity AI is massively out executing Google a company with
235x the market cap and a and 1500x the employee count of perplexity and it's uh two screenshots of what's going on with the salana market cap and on perplexity it just gives you the answer with a beautiful chart and all the data is right there and on Google you're routed to a bunch of other websites and you know you're three clicks deep from getting the answer you want and it's
pretty it's pretty interesting like this is one of the modules that you would expect Google to roll out in their AI generated responses but they just haven't gotten around to yet it's funny because people used to critique uh Google for generating their own content based around the links right they liketh yeah yeah you're hurting small businesses because you're not allowing the clicks to go through same thing with
the lyrics website ites like Rap Genius was his own thing but then Google sucked all the lyrics in you type the lyrics they just give you the lyrics right there you're not clicking you're not Rap Genius shareholders but good for br alphabet yeah exactly but now perplexity is the next gen yeah but yeah perplexity like it is cool how much they're doing and how fast they're moving on the UI
considering the low employee count uh it is kind of funny the market cap toome thing is they're clearly like iterating based on consumer interest at that time so they don't have to do everything at once but the election stuff bunch of really good graphs and data around that now they're doing cryptocurrency which which all the election attention is now able to just lock into um you know new
markets yeah let's go to Rob Schmidt I think Jake Paul has idolized Mike Tyson his entire life knew he needed money and found a way to get him Rich again so Tyson made like 20 million is that true like I think he may have made more than Than Jake on this on on the fight itself so anyways I don't know if this is real yeah so so so UFC is the way to think about boxing is you have uh historically you have
like a commission I don't even know if that was in this because it was more of like a um you know it was not like a sanction it was an exhibition fight not a sanction fight um but uh in the UFC there's basically like the league and there's uh commissions because like there's gambling on it there needs to be like some like rules and uh you know non-biased organization but yeah uh this
I would love to believe this is true I'm sure that Jake Paul really does like uh Mike Tyson and respects him why else would you want to fight somebody like sure if you're a fan of boxing I do wonder if that's true because Jake Paul's so young he didn't grow up during the Mike Tyson era I know but he got like ridiculously focused on boxing for the last like five six years and you
have to imagine he's seen every single Tyson fight and and like idolized him it's like how we have respect for Lamborghini K know that was before our time Tyson like is an example of like somebody who's monetized their attention very well he turned you know being an athlete into you know being a major cannabis investor and entrepreneur right so true um so yeah so shout out to Jake if
this is true yeah um 17K likes got his Idol loaded yeah I'm excited I wonder what he'll do with it maybe he'll one of the greatest signs of respect with among men is to is to help if you respect somebody help them make $20 million that was the foundation of this partnership sure sure yeah mutual respect let's go to Max noven Stern he says the most expensive mistake this decade will not will be not being
optimistic enough and pachy says preach I love it I'm sure somebody else commented top top but I think it's right I think it's right like we are going into a big so many interesting Technologies like there's so many many things that are going to get built out in in big ways and then also small ways we see this with like you see these amazing llm demos and then you're at the DMV and
you're like this is still on paper and pencil like there's still so much lwh hanging fruit we're catching Rockets with chopsticks it's crazy how are you not bullish more optimistic yeah yeah it's a great time great time to be alive and I'm sure py the reason so the so the real sign that like we've turned a corner in America is when like our our children are like 10 years old and
they're like Dad I don't want to be an influencer I don't want to be a podcaster I want to be an astronaut and you're like shed a tear yeah I love it I love it I recorded this podcast so that you could go to space yes yes yes yeah yeah the Ben Franklin quote Yeah I learned podcasting and media so that my son may learn [Laughter] War Intergalactic TR normally like I studied War politics and blah blah blah
my son study business so that his son could study art it's like the G of that quote but it's great uh do we have another promoted post I think we got a C we one more I said it was the last one I mean they want a lot of AD reads last one from uh promoted post from Ralph luren our hash polar bear Polo Bear doesn't just stop its sweaters just from throw pillows and pajamas to Cable net
accessories the RL holiday 2024 collection includes the perfect gifts for celebrating discover the Polo Bear shop here Polo Bear is just such a Timeless uh illustration and staple of the ra call to action it's rn.com is that correct yeah R lauren. RL holid and so what what I'm most impressed about is that um you know they included a link on here it's still manage to get 20,000 views which is
difficult uphill battle if you're including links um so whoever's managing their social kill the link next time but impressive traction uh regardless but anyways this is just such a I love this bear every time I see him I know uh I know it's Q4 and I know that um there's a lot of work to do but also we got some you know nice celebrations I also saw it kind of break into our world in the
defense Tech Community because there's a there's a photo of the bear wearing a Hawaiian shirt and everyone's like oh he's got the Palmer lucky fit on which I love give the bear gun give the bear gun yes the Ralph luren Le they even have like a you know hopefully they make one you know this this could be a good gift for you if they have a a father with three sons the be dad and the Three
Sons I get it for you okay fantastic thank you uh related to the last uh regular post uh Dr dad PhD says a show called White mirr where we have cool technology and everything goes great I love this I would definitely watch this I know this is problem there's TV Productions yeah the problem is like if you don't have conflict you don't have a story and so every every sci-fi story
has to be somewhat dystopian you can't just have dystopian like there was so much about like I I just feel like everything in our life is like finally starting to just like it's all oriented around science fiction right like even we we looked at it the the like GM office in the 60s looked like a Sci-Fi Noel right um the Tesla's Tesla's entire last major product launch was all like
the robo taxi the human robots you know you know what is a good example of this uh have you watched the expanse the expanse is this fantastic Sci-Fi show it was a book series and Bezos bought it to do uh the it was on Sci-fi channel and they brought it over to Amazon and Amazon threw a bunch of money behind it so it it turned into like almost Game of Thrones production level really great
show but what's interesting is that the the show is like hard sci-fi so there's spaceships there's Interstellar or interplanetary travel they go between Mars and the and the asteroid belt but the the techn is not the villain necessarily like they have spaceships but the villains are still human and so it's really cool and I've always wanted I've always wanted to see like a a Sci-Fi story where it's just like
Chinatown in space yeah or you know it's like yeah the technolog is there but the technology is not the bad thing maybe Hollywood will go more more uh techno optimistic instead of focusing on you know social issues that can go techno Optimist let's recreate the same social issues we have today in space yeah said I'd watch that yeah yeah yeah I I I think that can hit a little bit harder
and there are some there are some movies that do that like even in Inception like like the dream technology is not really like the problem that they're working against they're not trying to ban dream technology they're trying to solve this other problem within they're doing they're doing a heist and the technology is just one yeah exactly so I would I would gladly watch white Meir there's already
some white Meir shows out there we just need to celebrate them and it's shows like the expanse which I high recommend uh let's go to anarie holdern anarie holdern she says Jamie Diamond responds to Trump first of all I wish the president well and thank you it's a very nice note but I just want to tell the President also I haven't had a boss in 25 years and I'm not about ready to
start Diamond tells uh Lisa bramowitz interesting we don't talk about politics so I don't even know what to say about this I'm not yeah I'm not sure I can comment on this except that we know what it's like uh to have a boss is I worked at a um worked at a Ritz Carlton once sure um and I once worked at a nightclub I was the guy that would pick up the cigarette butts the next morning when I
was 14 that was a good job I was doing basically the same thing when I worked at Citadel in Bank Capital yeah I uh yeah I didn't like I didn't like having a boss too much um I couldn't do it yeah I've never had a full-time boss full-time job boss it's like yeah not for me so I understand and you know uh being a banire without a boss that's the the dream yep that's the dream so shout
out to Diamond I hope you can work with the administration and uh bring about an amazing American decade and support Financial Innovation wherever it may come from let's go to run run says AGI might bring infinite abundance but on the other hand there's only so many houses on Sea Cliff it's true very real yeah it's very real I I was thinking about this like you know in the in the really really far
out future like you might have something where it's like okay I go in my neurolink VR world and I have the Sea Cliff House but I still think even if it's even if you can't tell the difference in the moment's want the real another be can't have it's the same thing with it's the same thing with art like you can go and get a perfect replica of the Mona Lisa but that's not the one that has value
it's the story it's like the there's something about these stories and I think that a lot of that that element is underrated in how AI will transform even post AI like sort of like it's almost innately human to feel uh scarcity right and that's why one of one assets like a Ferrari tailor made 812 competi um is always going to be RS package and bids exactly like these are
going to be assets even if the even if the production values are artificially constrained yeah um or you know with a company like artificially constrained but the the scarcity is very real we feel it when you go look at the prices for some of these cars totally totally um but yeah I think it's very instructive to look at the story of Chess like the computers beat uh the Chess Masters in I think the 80s for a
while there was a hybrid Centaur chess phase are you familiar with this where um essentially no human could beat a computer one-on-one but a human playing with a computer could beat the computer consistently yes consistently because the computer would recommend a bunch of things and the human could use like their intuition to pick to pick the right thing from the set and the computer was
just augmenting the human and that was Centaur chess was dominant for I think like the 90s uh I'm not exactly sure but then at a certain point the AI got so good that no human even playing alongside a computer can beat a computer like computers are always worse the human will only make it worse but look at what's happened to chess it's exploded like chess.com is worth like1
million or more like they big company Magnus Carlson hikaro like Alex botz like there's multiple chess influencers there's chess competitions there's Queen's Gambit on Netflix is a sensation people like playing it and people like watching humans play it and there's even all this metag gaming about like how can we get the humans not to use the AI and cheat and there was that Scandal about
the guy who might have had something in butt or something you remember this wild oh yeah yeah the vi the vibrating yeah yeah yeah and or like any sh and so like like you could imagine this like future scenario where like people like the same thing could be true for podcasting where it's like yeah you could go get a more factual podcast from the AI but people want to see the human do it you hear us
mess up yeah you want to hear us get it wrong and you want to see like the messy the messy like edges that come from like actual human dialogue and the risk of like hey I might have to put some caution tape over my mouth because what what I might say might get me canceled the AI isn't going to get canceled you're just going to refresh it and start from scratch no I've been and and
just the topic of SF and SF adjacent real estate like you have after Decades of poor governance you have to imagine like you can go buy a similar house in like San Francisco the home of the technology industry and one of the biggest economies in the world for similar prices like some like just okay house in like a random nice neighborhood of Dallas like what's going to be worth
more in like 10 years right especially as sf's local govern governance stuff gets figured out um and uh so anyways like I I think uh buying anything in that area you're probably going to do pretty well yeah I mean that's why it was important for us to promote that post about the $150 million home that hopefully one of our listeners will take home because uh uh there's only so many of those uh Sawyer
Meritt says SpaceX president and coo Gwen Shotwell on the company having $22 billion in government contracts we earned that we bid it we were the lowest price best bidder we won and we execute it's not a bad thing to serve the United States government with great capability and products what a badass quote just like throwing down the gauntlet I love it yeah that's a quote that could go on
the uh on the wall fantastic potential brother of the weak here yeah she's fantastic put put that one aside yeah we got to put this one aside that's going in the short list uh yeah I did a whole video on Gwen Shotwell in her career it was one of my first viral videos on YouTube because everyone's talking about Elon and no one really know knew the story of Gwen Shotwell but she's been
super critical took a whole ton of career risk going in super early and has just you know just driven that company and just executed executed executed and uh just fantastic public speaker fantastic counterweight to elon's you know experimental mindset and like you know dreaming big she's the one that can actually go and drive her fantastic you know if you're somebody who's interested
in deep Tech but you're more of a a business mind uh you can go have impact in these industries go to look up our portfolios any number of those companies needs financial and operations innovators to drive these companies forward and on that note I can't help myself I want to do one more promoted post from Carl Yang who's building Financial products at ramp okay he says he caught up with a
friend and that friend said I'm supposed to be making strategic decisions and turning around companies with my Superior insights since a guy with a HBS hat with his mouth open and the partner at the firm is saying fix the effing AP process question mark or Exclamation point Exclamation point and uh yeah a lot of like you know PE is just going in and uh you're not going to create a tremendous
amount of value by getting rid of the the fax machines and the and the sort of like um you know taking uh payments and checks and stuff like that but you can have a pretty big impact and ramp is a fantastic way to do that I understand that they are uh fairly dominant with a lot of the larger PE firms for good reason bring it in so built into their process now so thank
you to Carl for innovating uh in one of the most important sectors of our economy and happy to promote ramp at any time tell them the technology Brothers sent you if you on board uh Aja CZ says my father went back to college when he was 40 graduated medical school at 47 and has been now a doctor going on 20 years I didn't realize it at the time but it made a deep impression that a man
can reinvent himself at any time age is a non-factor and with that and with and that with consistency effort discipline you can do whatever you want I had no idea people considered age to be a factor at all in a man slowing down until I was in my 20s I I was never raised to think that way that's a fantastic post that's very very inspiring and that's true yeah I mean we if you're going into work and you feel
like your work is at the KMS building um or if you ever feel if you ever feel like you need to have a blanket on at work cuz you're so miserable and you feel sick reinvent yourself rein I think this honestly like what's funny is do you remember being in college and like the oldest guy in the room was always like in the military like graduated yeah and it's very normalized to like go in
the military do that for 10 years come out and then just like have a totally new career right not you're like oh I only know how to shoot a gun I'm just do this if you only do if you only do the things that you know how to do you'll be sweeping floors your whole life right so um go reinvent yourself make like big you know big uh moves into different Industries and there's so many great
stories we seen that dude who's who was a uh Navy SEAL then a doctor at Harvard and then a astronaut yeah and it's just like he's like an Asian dude and the m is like he must have like the the only the only Asian dude with like parents who are proud of him or something like that he did the thing and like satisfied all of their expectations I love that it's such aun but yeah just crush and uh
go just Crush yeah just you can just do things you can just do things oh this is a great one from Ben miles he asks us uh do we have any favorite deal toys this one is cool from Geno bioworks and I actually met the goo bioworks guys back in like 2013 in a in a in a office in Boston and and you invested right I did not uh I had no money to my name so it was miserable but I have a interesting
if I could go back in time my investment strategy would just be to like give John cougan $100 million in 2012 s calls me the uh the the Forest Gump of TAC because I've been like oh yeah I was in the same YC batch as coinbase oh yeah I was like hanging out with the Geno bioworks guys at this one time oh yeah I like met this dude at the random time and it's just like all these like
sliding doors moments and silic Valley um but Geno bioworks was fascinating I met with the founding team uh we were thinking about working on with them and we'd raised something like a million bucks or million and a half for soent and and they were like okay like uh you're the first company we were YC company you're the first company that's in like bio or food or anything that's not software that's being taken
seriously by by VCS like what and the founder literally told me is what we'd really love for you to do is go and raise a massive like $20 million around because that would just like be a massive signal to the market that like this is an investable category and and I was like Ah that's funny like we'll never do that and then like six months later we raised a $20 million round and
then immediately after genko started raising really big rounds too and their business was ripping and then they and they went public and now uh you know the CTO of uh of paler is actually on their board sham SAR uh and it's just a very interesting company if you don't know what they do they they they manufacture things for fragrances but they do a lot of like uh chemical and bioengineering
ing uh it's a very cool lab even when I saw it in 2013 they had all these robots moving around like pipetting things so not a robotics company but not a robotics but they were leveraging Robotics and Automation and they built a bunch of software to automate testing so you know you need to test like 10 you know 10 different titrations of one chemical by 10 different titrations of a
different chemical you mix that creates a hundred different variations you could just have a PhD student just sitting there doing it that sucks that's what they do in in every lab in America like all the universities even Caltech but they had just automated all that so they were able to iterate through all these experiments like much faster and I think they wound up creating a bunch of like
basically industrial chemicals that they could go and sell but um I actually like starting point as an inspiration for some of our own deal toys of like imagine a microphone in in glass well I mean if you if you're not familiar every week we do the brother of the week we award someone who exemplifies what it means to be a technology brother a student of capitalism a capital
allocator Etc and uh at the end of the year we'll be sending out deal toys to commemorate each brother of the week and so we want to do something that captures the fact that you know not only are they a student of capitalism but they're also a great poster yep um because you can't you can't win as we saw with uh uh with uh Mark cubin he was brother of week but he left X he's no longer a poster so we
had to send the award so he won't be getting a Deal toy but um send in your thoughts let us know what do you think are brother of the week Deal toy should look like I'm thinking something with an X in there something with some dollar signs something to represent technology Capital Brotherhood po thank you to Ben for servicing this to us yeah thanks send us your best ideas y feel free to
get on chat GPT Dolly and and create some some uh yeah create some AI art for us to to inspire us uh Morgan howel says despite is a quote he says despite its success Wong remains acutely aware that nvidia's leadership position could prove fleeting which may explain his Relentless work ethic I do everything I cannot to go I can I I do everything I can not to go out of business uh it's
from an interview in Fortune with Jensen Wong the founder and CEO of Nvidia I love it I love a Relentless work ethic um unclear unclear how risky he is in it seems like there leadership positions in a pretty strong place I they have massive pricing power that type of mentality but maybe I'm wrong gets you Dlisted there's a lot of startups that are going after this doing you know
specific chip designs for AI for llms maybe there's a risk who knows they obviously there's incredible IP but we we know it's a thin rapper around tsmc TC yeah um and so the reason that uh Nvidia uh you know is successful today is because of that mentality across decades at this point right I also just think like yeah I mean obviously there's like a talent war in everything AI right now and Nvidia is no
different there's a lot of people that made a ton of money working for NVIDIA during the latest stock runup you got to retain them so you got to go and prze your culture and then you got to bring in new people so you need to talk about you know how your company's different from the rest like this isn't but here's here's the challenge with Nvidia right they' they've grown so quickly y that
the average employee is like a multi multi multi-millionaire and it's like like we've seen this before we've had people on the podcast that talk about you know oh I I have $10 million of assets I I worry that the dog and me died right and so Jensen needs to be out there pounding the table being like we need to keep feeding the dog within us yep keep that dog alive otherwise
somebody's going to come eat our lunch I think he needs to be flexing on the employees a little bit more he's not a watch guy but if he was then he that product manager who's making a million dollars a month now well good luck getting this you know he needs an RM like Smiley 2 to3 million you see this guy driving a McLaren F1 to work it's like that's kind of out of the price range of that rich
product manager so you know that's going to get the product manager to work a littleit harder get to the next level get to that centi get to that beire status um make it show show the employee who's worth 10 that they would be happier if they got to 100 yeah that's the goal yeah Nicole whiskoff speaking of cars fantastic Capital allocator fantastic car appreciator but throwing a
little shade on Aston Martin here she says I saw the first Aston Martin SUV the dbx on the road a few years ago I thought it was the most incredible car was able to take it out for a drive yesterday I felt like I went back in time 20 years I can't believe I'm saying this but it didn't even hold a candle to the Tesla and it's 200k more expensive Okay so first mistake disrespecting a
legacy yeah that hurts Aston Martin's a a fantastic manufacturer so here's the thing with Aston um you don't drive an Aston for the Interior Electronics that's for sure that said uh they they do have new ownership as of the last couple years I believe Lawrence stroll father of Lance stroll who's F1 recently took the brand over and the newest generation of cars that's just hitting
the street just hitting deal ship has had really big upgrades to the interior so um but yeah you're you're driving it for the lines for the the leather for the the Heritage for the significance and I would here's my only thing with Aston um if uh you know a lot we we've talked about you know needing to make sure that your next car is is about the value of 1% of your AUM exactly and so
if you have 100 yeah yeah so that Mak she should be budgeting 500k the problem with the dbx it's a 300K car yeah so 200k the reason she's probably like frustrated with the quality is cuz she should be going after maybe a cinin or uh I would even stay within the Aston the Aston ecosystem you know if she no if she if she can raise another 100 million she's in she's in you know Valkyrie territory yeah she could get a
laganda tera have you seen that car from their premium line you could even go back and get a bulldog have you seen the Bulldog that's a fantastic car it's a retro it looks weird looks for any other sort of emerging PS that that you know maybe can't fit an as a new Aston within the 1% Market AUM the great thing about Aston is they lose like half their value in the first year yeah so if a dbx at
300K is too much wait a year and you can buy the same car with 2,000 miles for about 150k that's true um so that's one of the beauties of the ason brand is everything's half off after a year yeah yeah it's fantastic well good luck to you uh Nicole make sure you uh get a really nice car uh Yano says the most mispriced idea in markets today crypto Founders can finally build the products they want to
build where they want to build them we are truly entering the golden age for crypto products couldn't agree more we see this with poly market and a huge Catalyst of that is the bridge acquisition it wasn't I think until there hasn't is that the only or one of a handful of like billion dollar crypto m&a that wasn't a token you know it wasn't like somebody launching a token
more of a classic you know product acquisition little like almost a B2B SAS company you could model it that way and so it to to a strategic acquirer you need to live off in like crypto bizar land International or whatever it's like yeah San Francisco compan we could make a you know a a platform like poly Market y to to sell our ad inventory right sort of a liquid Market where I want to know
the second before I I read a promoted post that it's the highest dollar amount that we Poss capture for that Adit right more programmatic so bunch of cool things coming down the pipeline um I think that uh I think next YC batch I'm sure we'll see a lot of crypto company uh RF RF requests for startups RFS yeah yeah yeah that'd be great uh Conor McDonald uh been on the show before but
we need to give him a follow uh the core benefit of AI give us a follow no no no this is this is we we need to follow him so you see the follow icon that means it's their first time on the show Once you're on the show we'll give you a follow and then we'll know the next time that you're a repeat right uh you know guest uh so Connor says the core benefit of AI is to systematize and automate
day-to-day responsibilities and leave more time to podcast and write newsletters let's go go yeah I couldn't agree more yeah 99% of my life is now automated with AI and I can spend 8 12 hours a day podcasting and is and we do and this is the future and I hope and I think that um you know a lot of this episode The Early part of this episode was talking about you know OIC and the trends there and one of the
really positive externalities with with people being on OIC doing less togenerate sports betting and you know spending money on Doritos they can they'll have they'll have more uh money they'll probably have more cards in their wallet and so I think Ridge will be a big beneficiary of that because people just maybe people might might have so much cash on them yeah that they
might need multiple wallets uh the ridge wallet has a nice um uh sort of like money clip uh attached to it so um look to see Ridge uh ridge's market cap do a nice multiple it's fantastic uh let's go to Daniel he says VCS are the real Founders couldn't agree more couldn't agree more you know Jeremy gon has a has a hot take that investors are more interesting than Founders have you heard
this no uh it's a good one it's interesting he is he an he investor so he's talking his own book but uh but his idea is that uh a lot of the really really successful investors are looking across markets across it's like the fox and the Hedgehog thing where the founder knows one really big idea and is grinding at it building a company in that one narrow space whereas the investor can actually broaden out and
become a generalist and look at Capital markets public markets private markets and really understand everything yeah Founders have a more a deeper understanding of of they're like generalist within their business or within their industry maybe but it's still like a very like Jeremy uh Jeremy's like takes per minute or is like very high fantastic um and that's really what we look for and and um but
uh anyways you know the way that Daniel's progressing he'll have like a a $500 million solo GP fund within the next 10 years without a doubt so I think he's just sort of like setting himself up for success I think so another huge Talent move franois cholet is out at Google entering free agency he's going to start a new company one of the goat programmers at Google put up a massive
couple years there on the team uh built a uh a product called Kos uh was deeply involved in machine learning and also had a great appearance star appearance great performance on the dcash Patel podcast and uh and is also involved in a very interesting AI benchmark that uh no llm has been able to defeat yet and so he's been working with that with Wade over at zapier and uh and just clearly a
very thoughtful person on AI throughout all the boom and all the craziness he's always been very locked in and understanding where the hype is where the limitations are he's not a Doomer he's not a complete Optimist always nuanced and he never really gets in fights I see but always he always bringing uh like really good critiques still optimistic still loves the
technology obviously building on it uh so great to see that he's out starting a new company with a friend I wonder who it is we'll certainly cover it here and I have a feeling we're going to be ringing the siis gong when this guy raises I mean this is a this is a this is this is an alltime uh all you know when this when this when this post went up two things happened one I happened at Bloomberg open big red
Candle on the on alphabet stock it was really rough to see recovered but not not completely and then two VCS around the country called up their um yeah the phones were ringing off the hook you know even netjets was was getting you know more calls than usual but a lot of Gulf Stream sort of like took off in unison and sort of descended um hoping to get some FaceTime with him uh because
a big round is coming yeah I mean let's just review his career for a little bit I mean he built Kos Powers ml Solutions the countless companies touch it Powers your recommendations on YouTube Netflix Spotify the fraud filtering of your credit card transactions weo cars that drive you around San Francisco this guy's a beast one of the greatest to ever do it and we're excited to see
where you take it next let's go to Zach says update I hit $1 million in mrr still not sleeping in and he says he's quote tweeting himself from almost 10 months ago been losing sleep to the Grind purely running on the urge to be financially free after I hit 100K Mr mrr in high school then I'll start sleeping in what a beast he's still he's still in high school uh I I I don't know maybe he is yeah I mean it it sounds
like he's still in in high school animal future uh just getting started just getting started um future brother of the week potentially um round draft pick by potentially by the by the Holy Trinity VC firms I could see big dollars going into this absolutely big big contract sign yeah it's really about the attitude right um and uh if you're not sleep deprived right now uh just understand
that money doesn't sleep either y that's true yeah uh let's go to Igan robot he says he's quote tweeting the ball is orange who says a lot of lives would be incredibly different if this existed and it's theed States high-speed rail system and he says no they wouldn't people would still take the plane or drive your lives suck primarily because of the circumstances of your births and the
choices you have made in this life a redundant passenger train system would not meaningfully affect the magnitude of your suffering I couldn't agree more I thank God every single day that America industrialized largely after the invention of the automobile so that we don't need a bunch of slow inflexible trains cluttering up our country it's meaningless um and to all the train
people out there stop coping we have planes and cars and they go everywhere and we don't need trains and in fact America does have a fantastic rail system we just use it for Freight yep because America is a lot bigger than France to Germany like France to Germany is like the equivalent of you know Boston to New York like we just don't and you know what we do have highspeed Rail between Boston and New York the it
actually works pretty well go right on that but no one wants to ride from Chicago to LA on a train even if you're going 200 miles hour that's like a 14 hour 18 yeah my little brother's actually like loves the train cuz he just like he's a train guy likes to just like take in the view and and relax but I always laugh cuz I'm like you're paying more yep you're you're sitting in
a in a uncomfortable seat uh you're you're spending the night in this little tube and you could have spent you know $200 less and gotten there in four hours you're times worth a lot more I actually do have one nice thing to say about trains fantastic for monk mode uh one when I was living in Sunnyvale doing YC and I was dead broke I had to go from Pasadena to Sunnyvale and I went by
train and it took me all day like 6:00 a.m. I walk to a a local metro rail station take that to downtown then downtown I get a bus transfer out to Bakersfield then a train through the Central Valley which was actually beautiful and fantastic and I was able to sit there no wifi nothing I was able just to read this book on uh actually language models it was very very weird
but it was about uh natural language processing which was kind of like the precursor AI system fascinating like the the algorithms are like human intelligible essentially still it's not just like crazy tensors and stuff like you can just understand intellectually how it works and then uh another bus when you get to you know Oakland essentially to the Cal train and then walk from the Cal train to Sunny took
forever but the monk mode was fantastic and being able to get on a train and just watch the countryside go by and actually see how beautiful America is and how much space we have to build is very very inspiring so trains we like to hate but somewhat underrated uh let's go to Dylan field founder of figma he says this week all eyes should be on Trump's pick for treasury secretary this
appointment is a preview of what we will see over the next four years on topics spanning Global tariffs tax policy the price of Bitcoin China and more of course there's a lot of drama and he writes a thread I love that he's weighing in on this this is so great like you know there there is a world where Dylan is just talking about design we need I I really only want to see threads from people that are
post-economic right so if you're not a beire don't write threats I agree if you are beire write more threats yeah I X should actually have a functionality for that where there where it links with your bank account funds proof of funds and I can say or youra yeah yeah yeah yeah yeah your paper wealth as well and then I can just I can just say hey today X I only want to see
content from cenes yeah throw some in there but don't give me any that should be a separate feed maybe Cuban would come back any single digit millionaires I'm not interested yeah Cuban might even come back he he might it would be a big boost to him yeah you know Elon kind of has the Boost where all of his posts kind of get promoted no one really knows exactly if it's hardcoded or not or he's just posting
bangers but we need that for for all cenes and billionaires yeah for sure so shout out to Dylan I'm excited I'm going to keep an eye on it I don't know has the treasury secretary been teased or leaked or announced couple people that are out that are in the running but we don't talk about politics here so we're not going to cover it that's the show but that's the show I think we should
ring the siis gong one last time just to commemorate the end of the show thanks for watching subscribe give us five stars repost everything send our Clips to your friends create a uh TB Clips yes uh channels on Instagram and all those other things and get get to a million of Mr yes we'll feature you on the show thank you and send us your ideas for deal toys that's it thank you [Music]