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This Week in Startups - David Sacks, CEO of Yammer

This Week in Startups - David Sacks, CEO of Yammer

177 segments available

This week we have David Sacks, CEO of Yammer. For more information, show notes, and an upcoming schedule, go to www.thisweekin.com.

Segments Timeline

1
0:00 - 1:16
1:15 duration211 words

Welcome to This Week in Startups

In this opening segment, the host welcomes viewers to another episode of 'This Week in Startups.' He highlights the show's growing popularity, with over 10,000 viewers tuning in for each episode. The host encourages audience interaction through Twitter, setting the stage for an engaging discussion about startups and entrepreneurship.

"like we always do at this time I for mine I got Shine Your Hands Up [Music] In and Hello everybody welcome to another episode of this week in startups this is episode number Tyler four no wrong five t..."

1
0:00 - 1:16
1:15 duration211 words

Welcome to This Week in Startups

In this opening segment, the host welcomes viewers to another episode of 'This Week in Startups.' He shares the show's growing popularity, with over 10,000 viewers tuning in, and encourages audience interaction through Twitter. The host emphasizes the importance of audience engagement and introduces the show's sponsors, setting the stage for an exciting episode.

"like we always do at this time I for mine I got Shine Your Hands Up [Music] In and Hello everybody welcome to another episode of this week in startups this is episode number Tyler four no wrong five t..."

2
1:16 - 2:55
1:39 duration311 words

Introducing David Sacks

The host introduces David Sacks, CEO of Yammer, highlighting his impressive entrepreneurial background, including his roles at PayPal and Genie. This segment sets the tone for the discussion, showcasing Sacks as a significant figure in the startup ecosystem and hinting at the insights he will share throughout the episode.

"right in here right now you can pull up my screen uh and we'll see who's watching the show this is always a great way to get uh people interacting I see Union Studios says uh he's watching it uh we ha..."

2
1:16 - 2:55
1:39 duration311 words

Sponsorship Shoutouts

The host takes a moment to thank the sponsors of the show, including Ustream and Webpy. He discusses the importance of these sponsors in providing the infrastructure for the show and highlights the benefits of their services, such as productivity tools for startups. This segment emphasizes the role of sponsorship in supporting entrepreneurial content.

"right in here right now you can pull up my screen uh and we'll see who's watching the show this is always a great way to get uh people interacting I see Union Studios says uh he's watching it uh we ha..."

3
2:55 - 6:33
3:37 duration796 words

Introducing David Sacks

The host introduces David Sacks, CEO of Yammer, as a prominent entrepreneur with a successful track record, including PayPal and Genie. He shares anecdotes about their friendship and Sacks' accomplishments, setting the stage for a deeper conversation about entrepreneurship and innovation in the tech industry.

"company that everybody is checking Facebook all the time and doing their personal email and surfing porn sites uh or something what webpy lets you do maybe not surfing porn sites but anyway uh you kno..."

3
2:55 - 4:46
1:51 duration421 words

The Power of Transparency in Productivity

David Sacks discusses the importance of transparency in the workplace, referencing Webpy, a productivity tool that helps employees understand how they spend their time. He explains how this tool can foster accountability and improve productivity by providing feedback on time management, ultimately benefiting both employees and employers.

"company that everybody is checking Facebook all the time and doing their personal email and surfing porn sites uh or something what webpy lets you do maybe not surfing porn sites but anyway uh you kno..."

4
4:46 - 6:02
1:15 duration255 words

Crowdsourcing Sponsorships

The host shares a unique approach to sponsorships by encouraging audience members to thank the show's sponsors on Twitter. This segment highlights the innovative strategy of leveraging audience engagement to enhance sponsor visibility and value, demonstrating a modern approach to advertising in the digital age.

"sponsors and everybody who's a super fan of the show this is for super fans only um Advanced uh Kung Fu technique go on to Twitter and of course thank them on Twitter so you should go to Twitter this ..."

4
6:33 - 10:01
3:27 duration675 words

Ask Jason: Entrepreneurial Advice

In this segment, the host engages with a caller, Don Charlton, CEO of The Resumator, who seeks advice on marketing a product in a less glamorous industry. The discussion revolves around strategies for generating buzz and visibility for a hiring tool, emphasizing the importance of storytelling and industry engagement.

"thanks for having me yeah you're back yeah glad to be your fifth guest only four four others who are more important yes we obviously do that in that we do it in order of importance right and so uh uh ..."

5
10:01 - 18:45
8:44 duration1779 words

Marketing Strategies for Boring Products

The host and David Sacks provide actionable marketing strategies for Don Charlton's hiring platform. They discuss the significance of hosting industry conversations, leveraging statistics for media attention, and creating a unique brand identity. This segment offers valuable insights for entrepreneurs looking to promote practical solutions in competitive markets.

"is a great great question so let's take a look first at your product the resume we'll pull it up on the screen here uh I like the design of the site just coming to it immediately it's very good the on..."

5
6:02 - 8:01
1:59 duration451 words

Ask Jason: Entrepreneurial Advice

In this segment, the host introduces a caller, Don Charlton, CEO of The Resumator, who seeks advice on generating buzz for his startup in a less glamorous industry. The conversation dives into practical marketing strategies, emphasizing the importance of positioning and storytelling in promoting a product that may not initially seem exciting.

"uh we've become good friends over the last couple years he's a great entrepreneur he's done uh three pretty significant companies that I know of uh PayPal you might have heard of it did pretty well so..."

6
19:03 - 20:15
1:11 duration289 words

Incentivizing Referrals in Job Boards

Sacks proposes the idea of creating financial incentives for users to refer qualified candidates to job postings. He discusses how this could work similarly to affiliate marketing, encouraging users to engage with the platform actively. This segment explores innovative ways to enhance user participation in job boards.

"which was PayPal PayPal did that you don't have a PayPal account it would just email you by the way Jason Ates you have a $100 it's like what do I do now of course I'm coming right you could send mone..."

6
8:01 - 10:01
1:59 duration351 words

Creating Buzz for Mundane Products

The host and David Sacks provide actionable tips for Don Charlton on how to market a product in a less glamorous industry. They discuss the significance of corporate blogging, engaging with industry conversations, and hosting events to establish authority and visibility, ultimately helping to create buzz around The Resumator.

"called ask Jason and in this case it's going to be ask Jason and David uh so let's put on the speaker phone here you're willing to talk to another entrepreneur right who needs help sure we play that a..."

7
20:15 - 21:05
0:49 duration190 words

The Importance of Location for Startups

David Sacks stresses the necessity for startups to be located in vibrant, entrepreneurial cities to thrive. He argues that being in a major city like San Francisco or New York can provide essential networking opportunities and exposure to industry events, which are crucial for growth and visibility.

"they can just check off that box or not they don't have to use it um but I think you got to be everywhere where are you based again Pittsburgh yeah well that's your that's the first mistake you got to..."

7
10:01 - 12:43
2:42 duration558 words

Leveraging Data for Marketing

The discussion continues with strategies for leveraging data and surveys to generate media interest. The host emphasizes the value of providing journalists with compelling statistics and insights, which can serve as a foundation for press releases and articles, enhancing the visibility of a startup's offerings.

"is a great great question so let's take a look first at your product the resume we'll pull it up on the screen here uh I like the design of the site just coming to it immediately it's very good the on..."

8
21:05 - 22:01
0:55 duration233 words

Advice for Startups During Economic Downturns

In this segment, Sacks offers encouragement to startups navigating tough economic times. He emphasizes the potential for building market share during downturns and the importance of perseverance. This advice is particularly relevant for entrepreneurs facing challenges in the current economic climate.

"unless you're like some colossal entrepreneur like a Mark Cuban or Jeff Bezos or something like that or a mark andrion where you can pick what city you're in and everybody comes to you I really highly..."

8
12:43 - 14:57
2:14 duration444 words

The Unique Selling Proposition

David Sacks encourages Don to identify and promote the unique aspects of his company. They discuss the concept of the 'purple cow'—a standout feature that differentiates a product in the market. This segment emphasizes the importance of personal branding and storytelling in making a startup memorable.

"story about people being you know unemployed people and it's raising to a certain rate in some city and what they're doing to transfer their jobs talk about that if there's another company doing inter..."

9
22:01 - 23:06
1:05 duration276 words

The Value of High-Profile Endorsements

David Sacks discusses the impact of having high-profile clients endorse a product. He explains how leveraging influential figures can enhance credibility and visibility for startups. This segment highlights the strategic importance of building relationships with well-known personalities in the industry.

"it's as worth as much as you paid for it uh don thank you so much for calling in and being honest about your business it's really a cool business I would actually like this product on Mahalo wouldn't ..."

9
14:57 - 17:10
2:12 duration480 words

Be Everywhere: Networking and Visibility

The host and David Sacks conclude their advice to Don by stressing the importance of being present at industry events and networking opportunities. They highlight how visibility can lead to greater recognition and opportunities for collaboration, reinforcing the idea that active participation in the startup community is crucial for success.

"probably two or three grand to do this uh for a month release the study in a PDF format to the press and have some questions in there that you know are going to appeal to a tech C you know that are go..."

10
23:06 - 24:05
0:58 duration262 words

Navigating the Press Landscape

Sacks shares insights on the importance of managing press relationships effectively. He recounts a humorous experience with a company seeking a quote for a product that he didn't endorse. This segment underscores the significance of authentic endorsements and the potential pitfalls of misleading press releases.

"Tyler's got to be miked and we need to have a camera on Tyler in the future Tyler C please um and we used the product and we said hey if we like the product and it's good we will do a press release fo..."

10
17:12 - 18:05
0:53 duration174 words

Leveraging SEO for Job Listings

In this segment, Sacks discusses the importance of SEO for job postings. He explains how companies can enhance their visibility online by optimizing job listings, while maintaining applicant privacy. This approach can drive traffic and improve the chances of attracting the right candidates.

"the demo pit too this year actually all right well we'll try and make that happen uh David saaks is here David you've done a great job marketing I mean you make beautiful products you want Tech runch ..."

11
18:05 - 19:03
0:58 duration182 words

Self-Distribution Strategies for Startups

Sacks shares insights on how startups can achieve self-distribution through content creation and viral marketing. He references PayPal's strategy of incentivizing users to invite others, suggesting that similar tactics could be beneficial for new companies looking to grow their user base.

"do the users create their rums on your site or is it just about companies posting these job listings uh companies post jobs we Syndicate them across the web for them applicants come to their job board..."

11
24:05 - 25:22
1:17 duration273 words

The Journey from Law to Entrepreneurship

David Sacks reflects on his transition from a career in law to entrepreneurship, sharing his experiences at PayPal. He discusses the challenges of traditional law practice and how his desire for a more dynamic business environment led him to pursue entrepreneurial ventures. This segment provides valuable insights into career transitions.

"comes back in 2017 we'll talk to you soon thanks Che bye all right what' you think of that dude uh it's interesting you know I one question I would have about the business is how they differentiate fr..."

12
25:22 - 26:56
1:34 duration357 words

The Evolution of PayPal's Product

In this segment, Sacks details the evolution of PayPal's product from its initial concept to its current form. He shares anecdotes about the challenges faced in streamlining the user experience and the pivotal moments that shaped the company's direction. This narrative offers a behind-the-scenes look at product development in a startup.

"common DNA um let's talk a little bit about entrepreneurship in general how did you get into entrepreneurship how did you become an entrepreneur was it something that you stumbled into what was your f..."

12
19:03 - 20:11
1:07 duration267 words

Incentivizing Referrals in Job Boards

David Sacks proposes the idea of creating financial incentives for users to refer qualified candidates to job postings. He discusses how this could enhance engagement and drive more traffic to job boards, drawing parallels to successful referral strategies used by companies like PayPal.

"which was PayPal PayPal did that you don't have a PayPal account it would just email you by the way Jason Ates you have a $100 it's like what do I do now of course I'm coming right you could send mone..."

13
26:56 - 28:01
1:04 duration233 words

The Palm Pilot Era and Its Impact

Sacks and his co-host discuss the Palm Pilot's significance in the tech landscape and its influence on mobile technology. They reflect on the excitement surrounding the device and how it shaped early mobile payment concepts. This segment provides historical context for understanding the evolution of mobile technology.

"just want to do something more sort of business oriented I guess right more Dynamic perhaps yeah it's less on the sidelines less a supporting role more a primary yeah I mean the billable hours thing i..."

13
20:11 - 21:05
0:53 duration210 words

The Importance of Location for Startups

Sacks advises startups to consider relocating to major cities to tap into vibrant entrepreneurial ecosystems. He argues that being in a bustling environment can provide valuable networking opportunities and exposure to industry events, which are crucial for scaling a business.

"be something you want to consider some way of and and basically you're empowering your customers to do that so they can just check off that box or not they don't have to use it um but I think you got ..."

14
28:01 - 29:35
1:33 duration347 words

Working with Peter Thiel at PayPal

David Sacks shares his experiences working with Peter Thiel during the early days of PayPal. He describes Thiel's strengths as a strategist and financier, highlighting the collaborative discussions that led to pivotal product decisions. This segment offers insights into the dynamics of startup leadership and innovation.

"become the general counsel of five companies or 10 even because we don't need a lawyer here about once a month Pro twice a month or whatever and they just rotate come like one day to each office well ..."

14
21:05 - 22:01
0:55 duration233 words

Advice for Startups During Economic Downturns

In this segment, Sacks encourages entrepreneurs to build their businesses even during tough economic times. He emphasizes that laying a strong foundation now can lead to significant market share when the economy rebounds, offering hope and strategic advice for startups.

"unless you're like some colossal entrepreneur like a Mark Cuban or Jeff Bezos or something like that or a mark andrion where you can pick what city you're in and everybody comes to you I really highly..."

15
22:01 - 23:06
1:05 duration276 words

The Value of High-Profile Endorsements

Sacks discusses the impact of having high-profile clients endorse a product. He suggests that leveraging influential figures can enhance credibility and visibility for startups, making it easier to attract attention and gain traction in competitive markets.

"it's as worth as much as you paid for it uh don thank you so much for calling in and being honest about your business it's really a cool business I would actually like this product on Mahalo wouldn't ..."

15
31:39 - 32:19
0:40 duration148 words

The Early Days of Mobile Technology

David Sacks reflects on the primitive state of mobile technology during the early days of PayPal. He describes the challenges of using early devices, like the monochrome green screens, and how the initial excitement around mobile technology ultimately led to disappointment due to lack of infrastructure and usability.

"having this device it had a green screen that looked like it was like issued to soldiers in Desert Storm I mean it was the monochrome green it was the most disgusting LCD disgusting display ever right..."

16
23:06 - 24:03
0:57 duration254 words

Navigating the Press Landscape

Sacks shares insights on the importance of managing press relationships. He recounts a scenario where a company sought a quote from him for a press release, highlighting the significance of authentic endorsements and the potential pitfalls of using negative feedback.

"Tyler's got to be miked and we need to have a camera on Tyler in the future Tyler C please um and we used the product and we said hey if we like the product and it's good we will do a press release fo..."

16
32:19 - 33:04
0:44 duration157 words

Peter Thiel's Contrarian Leadership

Sacks shares insights about working with Peter Thiel at PayPal, highlighting Thiel's unique approach to leadership. He emphasizes Thiel's ability to challenge conventional thinking and make bold decisions, particularly during the dot-com bubble, which ultimately saved PayPal from potential failure.

"and having the different versions of it out here but right my point was the whole world um it's interesting how technology Works everybody looked at every through the pal pilot for a year was like one..."

17
33:04 - 34:01
0:57 duration201 words

Navigating the Dot-Com Crash

In this segment, Sacks discusses the tumultuous period of the dot-com crash and how Thiel's foresight allowed PayPal to secure crucial funding just before the market downturn. He recounts the tension within the company and how Thiel's decisive actions were pivotal in navigating the crisis.

"mobile web is quite usable today right exactly um so what was Peter teal to work like back then I mean he's very famous now he's got sort of elusive like almost like somewhere between Lex Luther and B..."

17
24:03 - 25:22
1:18 duration280 words

The Journey from Law to Entrepreneurship

David Sacks reflects on his transition from law to entrepreneurship, sharing his experiences at PayPal. He discusses the challenges of traditional law practices and how his desire for a more dynamic business environment led him to pursue a career in startups.

"have great market share when the market comes back in 2017 we'll talk to you soon thanks Che bye all right what' you think of that dude uh it's interesting you know I one question I would have about t..."

18
25:22 - 26:38
1:16 duration280 words

The Evolution of PayPal's Product Strategy

In this segment, Sacks explains how he influenced PayPal's product direction. He describes the initial cumbersome signup process and how he advocated for a more streamlined, web-based approach, ultimately shifting the company's focus to email money transfers.

"common DNA um let's talk a little bit about entrepreneurship in general how did you get into entrepreneurship how did you become an entrepreneur was it something that you stumbled into what was your f..."

18
34:01 - 35:30
1:29 duration360 words

The Fraud Challenge at PayPal

Sacks delves into the significant challenges PayPal faced with fraudulent transactions during its early days. He explains how hackers exploited the system and the innovative measures the team implemented to combat fraud, including developing predictive models to identify suspicious activity.

"and uh people who will mix it up yeah exactly exactly people who be honest and you know even have to worry about you know hurting people's feelings you know it's just like we want to figure out what t..."

19
26:38 - 27:54
1:16 duration280 words

The Palm Pilot Era and Its Impact

Sacks reminisces about the Palm Pilot era, drawing parallels to today's mobile technology. He discusses the initial hype surrounding mobile payments and how early ventures like PayPal were influenced by the limitations and potential of devices like the Palm Pilot.

"you never practiced law you just got never practiced I just yeah I mean I worked for a summer at a law firm and kind of why didn't you go into law well like I you know I summered a law firm and um you..."

19
35:30 - 36:58
1:27 duration334 words

The Cost of Fraudulent Transactions

In this segment, Sacks quantifies the impact of fraud on PayPal's finances, revealing the millions lost to fraudulent activities. He discusses the complexities of credit card processing and the financial implications for PayPal as a merchant, highlighting the challenges of maintaining a secure platform.

"bubble yeah exactly and I I think we l up compromising and only taking 100 million of the 200 million or something like that you felt really stupid about that yeah exactly but um we end up actually ra..."

20
36:58 - 38:44
1:46 duration341 words

Reinventing Payment Models

Sacks explains how PayPal sought to innovate its payment model to reduce fraud and streamline transactions. He discusses the development of new systems that improved fraud detection and the importance of creating a user-friendly experience while maintaining security.

"know Nigerian Mafia I mean it's just sort of and who was responsible then like so I steal a bunch of credit cards I'm the Russian Nigerian Mafia whatever Mafia some kid who finds a credit card receipt..."

20
27:54 - 29:05
1:10 duration251 words

Peter Thiel's Leadership at PayPal

David Sacks shares insights into working with Peter Thiel at PayPal. He describes Thiel's strengths as a strategist and financier, while also highlighting the challenges of aligning product vision with the company's initial direction.

"wouldn't it be groovy though if there was like a structure where a great lawyer could become the general counsel of five companies or 10 even because we don't need a lawyer here about once a month Pro..."

21
31:39 - 32:19
0:40 duration148 words

The Early Days of Mobile Technology

David Sacks reflects on the primitive state of early mobile technology, specifically discussing the limitations of devices like the Palm Pilot. He highlights the challenges users faced, including learning new scripts and the lack of infrastructure that hindered the initial wave of mobile excitement.

"having this device it had a green screen that looked like it was like issued to soldiers in Desert Storm I mean it was the monochrome green it was the most disgusting LCD disgusting display ever right..."

21
38:44 - 40:10
1:25 duration330 words

Transitioning to Film Production

After the success of PayPal, Sacks shares his decision to pivot into the film industry. He reflects on his desire to create better films and the challenges he faced in Hollywood, including acquiring rights to projects that had been in development for years.

"transaction that would be fraudulent was IP address outside the United States or no IP address or non AOL IP address how did you yeah I mean well what we'd see is a pattern where there'd be a whole bu..."

22
32:19 - 33:04
0:44 duration157 words

Peter Thiel's Contrarian Leadership

Sacks shares insights about working with Peter Thiel at PayPal, describing him as a contrarian thinker who encouraged open and honest communication. He recounts how Thiel's unique perspective helped the company navigate the dot-com crash and secure crucial funding.

"and having the different versions of it out here but right my point was the whole world um it's interesting how technology Works everybody looked at every through the pal pilot for a year was like one..."

22
40:10 - 41:59
1:48 duration359 words

The Making of 'Thank You for Smoking'

Sacks discusses the production of 'Thank You for Smoking,' detailing how he discovered the script and the lengthy process of bringing it to life. He shares insights into the film's financial performance and the differences between success in the film industry versus the tech world.

"we looked at it was what's the percent of our transaction volume that's fraudulent right so you know if the if half a percent were fraudulent but your average fee was about 3% then you you'd still be ..."

23
33:04 - 34:01
0:57 duration201 words

Navigating the Dot-Com Crash

In this segment, Sacks discusses the challenges PayPal faced during the dot-com crash, including the urgency of securing funding amidst market turmoil. He emphasizes Thiel's foresight in recognizing the bubble and making strategic decisions that ultimately saved the company.

"mobile web is quite usable today right exactly um so what was Peter teal to work like back then I mean he's very famous now he's got sort of elusive like almost like somewhere between Lex Luther and B..."

23
41:59 - 43:38
1:39 duration380 words

The Challenges of Film Production

In this segment, Sacks compares the challenges of film production to those in the tech industry. He highlights the fragmented nature of filmmaking and the difficulties in managing projects with numerous contractors, emphasizing the control and speed of execution in tech startups.

"immediately jump into another startup right um and so I decided to move to LA and start a production company you know I was very interested in movies when I was in school right I probably watched abou..."

24
43:38 - 45:00
1:21 duration322 words

Future Projects and Returning to Tech

Sacks shares updates on his upcoming film projects and reflects on the lessons learned from his time in Hollywood. He expresses a renewed interest in technology and discusses the potential for new ventures, highlighting the differences in project timelines and execution between film and tech.

"development for 10 plus years in Hollywood and the rights have been fragmented um you know between Warner Brothers and Mel Gibson's company and it took me about two years to kind of unravel this and a..."

24
34:01 - 35:01
1:00 duration235 words

The Fraud Crisis at PayPal

Sacks delves into the rampant fraud issues PayPal encountered, detailing how criminals exploited the platform using stolen credit card information. He explains the company's response to these challenges and the innovative systems they developed to combat fraud.

"and uh people who will mix it up yeah exactly exactly people who be honest and you know even have to worry about you know hurting people's feelings you know it's just like we want to figure out what t..."

25
35:01 - 36:01
1:00 duration250 words

Innovations in Fraud Prevention

This segment focuses on the technological advancements PayPal implemented to detect and prevent fraudulent transactions. Sacks describes the development of algorithms and visual tools that helped identify suspicious activity, showcasing the blend of human and machine intelligence.

"pre-money valuation hello yeah but this is this is when you know PayPal had um no Revenue no profits and not even really a business model yeah but everyone in the company this is like the sort of the ..."

25
45:00 - 46:58
1:58 duration462 words

Genie: Building a Global Family Tree

Sacks introduces Genie, a platform aimed at creating a global family tree through collaborative efforts. He explains the unique features of Genie that differentiate it from other genealogy sites and discusses the potential for rapid growth as more users engage with the platform.

"basically a contractor and it just takes a long time to put put these things together cool and so then you make the film and you have a second film going on right there's some other film about or some..."

26
36:01 - 37:00
0:58 duration215 words

The Financial Impact of Fraud

Sacks discusses the financial implications of fraud on PayPal, revealing the scale of losses the company faced. He explains how the percentage of fraudulent transactions affected overall profitability and the strategies employed to mitigate these losses.

"but um I keep hearing stories about the fraud period when it just got out of control right what was what happened during that period and and how out of control was it I mean we hear these stories the ..."

26
46:41 - 47:49
1:07 duration244 words

Building a Global Family Tree

David Sacks discusses the ambitious goal of creating a comprehensive family tree for the entire world through collaborative genealogy. He explains how Genie differs from traditional genealogy sites like Ancestry by allowing users to work on a shared tree, merging individual efforts into a collective resource. This segment highlights the computational challenges and the potential for rapid growth as new features are introduced.

"we're trying to do here is create a family tree of the entire world um so there's a Wiki uh Dimension to this you know we're trying to use uh Mass collaboration to solve the problem of of genealogy an..."

27
47:49 - 49:15
1:26 duration356 words

The Personal Treasure Chest

In this segment, Sacks shares how users engage with Genie, emphasizing its role as a personal family archive. He highlights features like birthday and anniversary reminders, which enhance user experience without requiring active participation. This segment illustrates the platform's unique value proposition, allowing users to discover new ancestors and family history effortlessly.

"going to uh accelerate quite a bit um as a result of some features we're rolling out soon we just rolled out a feature called hot matches where uh Genie will actually identify when there's someone in ..."

27
37:00 - 38:00
1:00 duration207 words

Transitioning from PayPal to Film

After the sale of PayPal to eBay, Sacks shares his decision to pivot to the film industry. He reflects on his desire for a fresh start and his passion for movies, which led him to establish a production company in Los Angeles.

"know Nigerian Mafia I mean it's just sort of and who was responsible then like so I steal a bunch of credit cards I'm the Russian Nigerian Mafia whatever Mafia some kid who finds a credit card receipt..."

28
49:15 - 50:49
1:34 duration358 words

Enhancing Family History Documentation

David Sacks explores the potential for adding more features to Genie, such as documenting oral histories and family stories. He discusses the importance of prompts for users to share their family backgrounds, enhancing the richness of the family tree. This segment emphasizes the platform's goal of creating a comprehensive family history repository.

"different than all these other sites where you really have to be doing all the work yourself the thing you know um I always wanted to have in this was that the sort of um history of people MH uh and t..."

28
38:00 - 39:00
1:00 duration187 words

Creating 'Thank You for Smoking'

Sacks recounts the journey of producing the film 'Thank You for Smoking,' detailing how he acquired the rights and the challenges faced during development. He shares insights into the creative process and his motivations for entering the film industry.

"complicated process and we wanted to automate that right we wanted to allow you to go on PayPal and send money that day and receive money that day with as little friction as possible so we had to esse..."

29
50:49 - 52:05
1:16 duration282 words

The Birth of Yammer

Sacks recounts the inception of Yammer, born out of communication challenges in large organizations. He describes Yammer as 'Twitter for the Enterprise,' designed to facilitate quick status updates and conversations within companies. This segment highlights the evolution of Yammer into a full-fledged social network for internal corporate communication.

"that's basically Twitter for the Enterprise at least that's how it started out U being and it just allows people to post quick status updates about what they're doing people can reply to them have con..."

29
39:00 - 40:00
1:00 duration234 words

The Challenges of Film Production

In this segment, Sacks compares the film industry to the tech world, discussing the complexities and frustrations of producing movies. He highlights the differences in control and execution between building a tech company and making a film.

"credit card amount that we allowed and then they would basically go into a series of feeder accounts and they would all essentially trickle down into one master account who would then try and take out..."

30
40:00 - 41:00
1:00 duration193 words

The Financial Realities of Filmmaking

Sacks discusses the financial outcomes of 'Thank You for Smoking,' reflecting on the profitability of the film and the differing expectations of success in the movie industry compared to tech startups.

"of fraudulent transactions that PayPal had to pick up the cost of so but hundreds of millions of dollars the company's making hundreds of millions so it's a percentage point of that yeah I mean I thin..."

30
52:05 - 53:39
1:34 duration360 words

Navigating the TechCrunch 50 Competition

In this segment, Sacks reflects on his experience presenting Yammer at the TechCrunch 50 event. He discusses the strategic timing of the launch and the preparation involved in delivering an impactful presentation. This segment provides insights into the competitive landscape of startups and the importance of effective pitching.

"keeps it private based on the email right how do you handle the fact that like IBM or Microsoft might have four emails that all reconcile the same company yeah they can contact us and we'll put all th..."

31
53:39 - 55:55
2:16 duration552 words

The Pressure of Live Presentations

David Sacks shares his experiences rehearsing for the TechCrunch 50 presentation, emphasizing the importance of practice and preparation. He discusses the challenges of presenting in front of a large audience and the strategies used to manage potential technical issues during the pitch. This segment highlights the high-pressure environment of startup competitions.

"tech runch 50 website up here on my laptop uh Tech crunch 50 is free you just fill out a form and if you get in you get to present for 8 minutes in front of a packed House of a couple thousand people ..."

31
41:00 - 42:00
1:00 duration214 words

Returning to Tech with Genie

After his foray into filmmaking, Sacks returns to the tech world with the launch of Genie, a social networking site focused on genealogy. He shares insights into the platform's growth and its unique approach to building a global family tree.

"bank account got it and those transactions were almost free to us right because the money's already in the account right this is what I think you know the people who want to compete with PayPal don't ..."

32
55:55 - 57:37
1:42 duration470 words

The Buzz of Competition

Sacks describes the excitement and anticipation surrounding the TechCrunch 50 event, sharing his thoughts on the competition and the other startups present. He reflects on the press coverage following the event and how it contributed to Yammer's visibility in the market. This segment captures the dynamic atmosphere of startup showcases.

"engineering who was up sort of on the stage with me driving the computer which is a good idea to have someone else doing the driving while you're doing the talking yeah Tyler does that for me when we ..."

32
42:00 - 43:00
1:00 duration214 words

Building a Global Family Tree

Sacks elaborates on the vision behind Genie, explaining how the platform aims to create a comprehensive family tree for the entire world. He discusses the collaborative nature of the site and the innovative features being developed to enhance user experience.

"right um and so I decided to move to LA and start a production company you know I was very interested in movies when I was in school right I probably watched about 2,000 movies when I was in law schoo..."

33
43:00 - 44:00
1:00 duration250 words

The Future of Genie

In this segment, Sacks shares his optimism for Genie's future, discussing upcoming features and the potential for exponential growth as more users engage with the platform. He emphasizes the importance of collaboration in genealogy.

"make a better one right so I came down here and that's basically what I I found thank you for smoking right which was Jason wman right right whose dad is Ivan wman who's made a gazillion films and tha..."

33
57:37 - 1:00:19
2:42 duration645 words

The Inbound Sales Model

In this segment, Sacks explains Yammer's inbound sales model, where companies reach out to claim their accounts rather than relying on cold calls. He discusses the advantages of this approach and how it fosters organic growth within organizations. This segment highlights the innovative strategies employed by Yammer to penetrate the enterprise market.

"going to of course be at the event and you have to be a judge and then and okay cool you have to give advice to the person who's going to win like mint gave advice to you love love to do that um you k..."

34
46:41 - 48:14
1:32 duration348 words

Building a Global Family Tree

David Sacks discusses the vision behind Genie, a collaborative genealogy platform aimed at creating a comprehensive family tree for the entire world. Unlike traditional genealogy sites, Genie allows users to work together on a single tree, merging individual efforts into a collective resource. Sacks highlights the computational challenges and the potential for rapid growth as new features are introduced.

"we're trying to do here is create a family tree of the entire world um so there's a Wiki uh Dimension to this you know we're trying to use uh Mass collaboration to solve the problem of of genealogy an..."

34
1:00:19 - 1:03:00
2:41 duration565 words

The Evolution of Collaboration Software

David Sacks discusses the broader trend of collaboration software in enterprises, emphasizing the shift towards more open and collaborative environments. He reflects on the challenges companies face in managing employee communication and the importance of adapting to these changes. This segment underscores the growing significance of social tools in the workplace.

"proposition to the IT department then they can basically right they don't have if people are using it they probably want and then and there's also a certain like uh radical nature to it like this is g..."

35
48:14 - 49:15
1:00 duration250 words

The Personal Treasure Chest

In this segment, Sacks shares how Genie serves as a personal family archive, allowing users to discover their ancestry and keep track of important family events like birthdays and anniversaries. He emphasizes the platform's unique ability to reveal new ancestors without requiring users to do extensive research, contrasting it with other genealogy sites.

"content more interesting and it feeds on itself so what is the I mean building the tree is fun like there's some people who are into that but what have you found is like the sort of next thing that pe..."

35
1:03:05 - 1:04:31
1:26 duration313 words

Navigating Security in Collaboration Tools

David Sacks addresses the security concerns companies have regarding collaboration tools. He explains that while companies want to encourage open communication, they also need to ensure that proprietary information is protected, highlighting the balance between collaboration and security.

"growing and growing sure in our case we actually want the employees to put proprietary customer sorry not customer but um proprietary company information on there so we have I think a a higher hurdle ..."

36
1:04:31 - 1:05:39
1:08 duration288 words

Interviewing for Startups: What Matters?

In response to a question about interviewing for startups, Sacks emphasizes the importance of candidates demonstrating initiative and a strong work ethic. He suggests that candidates should take charge of the interview by outlining what they can contribute to the company.

"uh so uh uh Dy Meer says what advice do you have for people with a good work ethic interviewing for a startup so somebody wants to get a job at a startup they've got a hard work ethic um actually I sh..."

36
49:15 - 50:44
1:29 duration347 words

Enhancing Family History Documentation

Sacks explores the potential for Genie to include more features for documenting family histories, such as oral histories and personal anecdotes. He discusses the importance of prompting users to share their stories and memories, enhancing the richness of the family tree and making it a more complete historical record.

"different than all these other sites where you really have to be doing all the work yourself the thing you know um I always wanted to have in this was that the sort of um history of people MH uh and t..."

37
1:05:39 - 1:06:59
1:20 duration336 words

The Importance of Research in Interviews

Sacks discusses how candidates should come prepared with knowledge about the company and its products. He stresses that being immersed in the industry and having a genuine interest in the company's work can significantly enhance a candidate's chances during the interview process.

"maybe I would think that's probably a correlation yeah I mean I like when people ask questions too yeah is that nice when like they've researched the company they're like listen I use this what I like..."

37
50:44 - 52:05
1:21 duration293 words

The Birth of Yammer

David Sacks recounts the inception of Yammer, a communication tool designed to address common issues in workplace communication. He describes it as 'Twitter for the Enterprise,' facilitating quick status updates and conversations among employees, ultimately transforming internal communication into a more efficient and organized process.

"invented um essentially pretty simple communication tools uh now Yammer uh that's basically Twitter for the Enterprise at least that's how it started out U being and it just allows people to post quic..."

38
52:05 - 53:39
1:34 duration360 words

Navigating the TechCrunch 50 Competition

Sacks shares his experience participating in the TechCrunch 50 competition, detailing the preparation and excitement surrounding the event. He explains the strategic decision to launch Yammer at the conference, highlighting the potential for exposure and the polished nature of the product after months of internal use.

"keeps it private based on the email right how do you handle the fact that like IBM or Microsoft might have four emails that all reconcile the same company yeah they can contact us and we'll put all th..."

38
1:06:59 - 1:08:43
1:43 duration393 words

The Challenge of Starting a Payments Company

David Sacks reflects on the challenges of starting a new payments company, drawing from his experience with PayPal. He discusses the capital-intensive nature of the payments industry and suggests that while there is still potential for innovation, starting from scratch is daunting.

"think it's underperforming you know it could be doing a lot of things that's not but um I wouldn't want to start a new payments company from scratch there's just too many other things to to do so here..."

39
53:39 - 55:29
1:49 duration456 words

The Pressure of Pitching

In this segment, Sacks reflects on the challenges of delivering a pitch in front of a large audience at TechCrunch 50. He discusses the importance of rehearsing and the dynamics of presenting alongside a technical partner, emphasizing the need for smooth coordination during the presentation.

"tech runch 50 website up here on my laptop uh Tech crunch 50 is free you just fill out a form and if you get in you get to present for 8 minutes in front of a packed House of a couple thousand people ..."

39
1:08:43 - 1:10:00
1:16 duration298 words

Leveraging RSS Feeds for Internal Communication

Sacks explains how Yammer allows companies to pull in RSS feeds from external sources, facilitating internal discussions about relevant content. He highlights the feature's utility in keeping employees informed and engaged with industry news and competitor activities.

"much credit certainly the entrepreneurs deserve a lot of credit and then you know does that make them a better entrepreneur than somebody else is doing some other thing it's you know I don't I don't k..."

40
1:10:00 - 1:11:15
1:15 duration281 words

Twitter's Role in Enterprise Communication

In this segment, Sacks discusses the potential competition between Twitter and Yammer. He explains how Yammer is evolving to serve enterprise needs better, focusing on features that enhance internal communication while maintaining the essence of social networking.

"it for is um Twitter streams about our own product name so you pull the RSS feed for Yammer and for Genie um and then you know we can talk about those those items that's brilliant uh here is uh zelik ..."

40
55:29 - 57:37
2:08 duration566 words

Handling Presentation Challenges

Sacks provides insights into managing unexpected issues during presentations, such as technical difficulties. He shares strategies for maintaining audience engagement and continuing the narrative without interruption, highlighting the importance of preparation and adaptability in high-pressure situations.

"it's taking they're not like oh you know your laptop has a problem that's your a problem you know right right exactly high pressure right exactly so you know we rehearsed it a bunch of times just kept..."

41
1:11:15 - 1:12:30
1:14 duration268 words

The Evolution of Yammer's Features

David Sacks elaborates on how Yammer is differentiating itself from Twitter by adding enterprise-specific features like file sharing and threaded discussions. He emphasizes the importance of adapting to the needs of larger organizations while maintaining a user-friendly interface.

"know the beauty of Twitter for me is it's a public discussion it's the whole world right so trying to do like private domains is just it feels like it's not qu of what they're doing they certainly hav..."

41
57:37 - 1:00:19
2:42 duration651 words

The Inbound Sales Model

Sacks discusses Yammer's sales strategy, focusing on an inbound model where companies reach out to claim their accounts. He explains how this approach allows employees to initiate the use of the platform, reducing the burden on IT departments and fostering organic growth within organizations.

"going to of course be at the event and you have to be a judge and then and okay cool you have to give advice to the person who's going to win like mint gave advice to you love love to do that um you k..."

42
1:00:19 - 1:03:00
2:40 duration559 words

The Evolution of Enterprise Collaboration

In this final segment, Sacks reflects on the broader trends in enterprise collaboration, emphasizing the shift towards using consumer-grade technologies in the workplace. He discusses the implications of this evolution for companies and the importance of embracing collaborative tools to enhance productivity.

"they can basically right they don't have if people are using it they probably want and then and there's also a certain like uh radical nature to it like this is going to get built with or without you ..."

42
1:12:30 - 1:14:40
2:10 duration496 words

The Future of Collaboration Tools

Sacks concludes by discussing the future of collaboration tools and the need for continuous innovation. He highlights the importance of understanding user behavior and preferences in order to create effective communication solutions within enterprises.

"gone in that direction right everything's a status update yeah so I think it was the right place to start but um you a lot of what we're doing now is um exposing more intelligence about what's happeni..."

43
1:03:05 - 1:04:31
1:26 duration313 words

Interviewing for Startups: The Right Approach

In response to a question about interviewing for startups, Sacks emphasizes the importance of candidates taking initiative during interviews. He suggests that candidates should clearly articulate what they can bring to the company, as a proactive approach indicates a strong work ethic.

"growing and growing sure in our case we actually want the employees to put proprietary customer sorry not customer but um proprietary company information on there so we have I think a a higher hurdle ..."

43
1:15:47 - 1:16:30
0:42 duration166 words

Streamlining Communication

David Sacks discusses how structured communication can reduce cognitive overhead in conversations. He emphasizes the importance of allowing users to post freely, similar to Twitter's status updates, while still building a searchable knowledge base over time.

"sent or a task if I sent a question to you you had to respond to it as before you could start typing an answer a clarification or a refusal to answer or you know I'd rather not answer right so it stru..."

44
1:16:30 - 1:17:06
0:36 duration111 words

The News Segment Introduction

The transition to the news segment is introduced, featuring Lon Harris. David Sacks prepares to engage with the news items, highlighting the dynamic nature of the discussion and the excitement surrounding the upcoming topics.

"um wow this has been amazing and uh now we should move to the news Lon Harris look at this slide oh wow yeah commanding that is commanding what is this music I feel like feel like I'm in a we're remak..."

44
1:04:31 - 1:05:52
1:21 duration332 words

The Role of Passion in Startup Interviews

Sacks elaborates on the qualities he looks for in candidates during startup interviews, stressing the significance of passion and knowledge about the company. He believes that candidates should demonstrate their engagement with the industry and the company's products.

"uh so uh uh Dy Meer says what advice do you have for people with a good work ethic interviewing for a startup so somebody wants to get a job at a startup they've got a hard work ethic um actually I sh..."

45
1:05:52 - 1:07:07
1:14 duration321 words

The Challenges of Starting a Payments Company

Sacks discusses the difficulties of launching a new payments company, reflecting on his experience with PayPal. He notes the capital-intensive nature of the payments industry and suggests that while there is still potential for innovation, starting from scratch is daunting.

"yeah I mean I'll ask people questions about like you know ask them if they're on Facebook and Twitter you know and ask them what they like about it don't like about it things like that I want to get s..."

45
1:17:06 - 1:18:07
1:01 duration218 words

Facebook's New Funding Initiative

Lon Harris presents Facebook's announcement of funding for 18 applications through its new FB fund. David Sacks critiques the initiative, suggesting it serves more as a marketing strategy than a genuine investment in innovation.

"what's our first news item our first news item Facebook has revealed the first 18 applications that will receive funding from its new FB fund uh the companies behind the winning applications they're g..."

46
1:07:07 - 1:08:43
1:36 duration365 words

Marketing Strategies Before Product Launch

When asked about marketing prior to a product launch, Sacks argues that it is often more effective to wait for a big reveal rather than generating buzz too early. He references Steve Jobs' successful product launches as a model for creating excitement.

"there's just too many other things to to do so here's an interesting one um this person asks uh leano software who's tweeting like once every five minutes I love that Super Fan Super Fan leano softwar..."

46
1:18:07 - 1:19:05
0:57 duration211 words

Marketing vs. Investment

David Sacks elaborates on the marketing implications of Facebook's funding initiative, comparing it to traditional advertising costs. He argues that the program is a clever way to engage young developers while also serving Facebook's interests.

"know hiring a PR firm is 20,000 a month you know buying ads this is a great great way to get young people at Stamford you know at some computer science program site it's like a little mini Tech crunch..."

47
1:19:05 - 1:20:11
1:06 duration254 words

Developer Incentives and Spam Issues

Sacks addresses the challenges Facebook faces with developer incentives, noting the prevalence of spammy applications. He suggests that the platform needs to align developer goals with user experience to improve overall quality.

"entire fund of 5 million probably so it's a no-brainer and it's it seems pretty brilliantly executed they announced this at the tech crunch conference two years ago I believe that they were going to d..."

47
1:08:43 - 1:10:12
1:29 duration336 words

Yammer's Unique Features and Competitors

Sacks highlights Yammer's ability to integrate RSS feeds and facilitate private discussions about external content. He explains how this feature enhances internal communication and positions Yammer against competitors in the enterprise collaboration space.

"much credit certainly the entrepreneurs deserve a lot of credit and then you know does that make them a better entrepreneur than somebody else is doing some other thing it's you know I don't I don't k..."

48
1:10:12 - 1:12:01
1:48 duration387 words

Twitter's Role in Enterprise Communication

Sacks addresses concerns about Twitter potentially competing with Yammer. He explains how Yammer has evolved to serve enterprise needs better, focusing on features like file sharing and threaded discussions that differentiate it from Twitter's public platform.

"uh zelik software uh zle eek software anytime we pull up somebody's Twitter you know it's the responsibility of the super fans on the uh this weekend startup show to go follow them so they feel the im..."

48
1:20:11 - 1:21:02
0:50 duration168 words

Quality Control in App Development

The discussion shifts to the need for quality control in app development on Facebook. Sacks compares Facebook's approach to Apple's, suggesting that stricter approval processes could enhance user experience and reduce spam.

"think this program I guess it's it's a way to encourage the development of apps that they think are actually helpful for the core platform yeah that's I think correct and do you think they should take..."

49
1:12:01 - 1:14:40
2:39 duration625 words

The Future of Collaboration Tools

Sacks discusses the future of collaboration tools, emphasizing the need for features that enhance user engagement and communication within companies. He suggests that Yammer aims to provide a more intuitive experience compared to traditional wikis.

"a very deep application so you're getting a little bit away from just being like sort of Twitter for Enterprise you're trying to add features like this threaded discussion and file sharing right right..."

49
1:21:02 - 1:22:15
1:13 duration272 words

The Virality vs. Quality Dilemma

David Sacks explores the tension between virality and quality in app development. He argues that Facebook's focus on virality has led to a proliferation of low-quality apps, contrasting this with Twitter's more controlled environment.

"managed I think the problem is this from the beginning the incentives were to engineer virality as opposed to sort of engineering quality right um because that's how you spread it is you know they thr..."

50
1:14:40 - 1:16:30
1:49 duration399 words

Streamlining Communication in the Workplace

Sacks concludes by discussing the importance of reducing cognitive overhead in workplace communication. He advocates for a more straightforward approach to messaging that allows employees to engage without unnecessary complexity.

"be a killer feature when I can tweet Yammer um please do X this person or at you know Lon Harris please do at Lon Harris pound task blah blah blah blah blah priority equals one right you know or somet..."

50
1:22:15 - 1:23:12
0:56 duration216 words

User-Driven Features on Twitter

The conversation highlights how Twitter has successfully allowed users to drive feature development. Sacks notes that this user-centric approach has resulted in a more streamlined and effective platform compared to Facebook.

"thing is when it yeah I think you're right just so people know what David's talking about if you pull up my um if you pull up my screen for a second uh you can see here uh David need some of the featu..."

51
1:23:12 - 1:24:01
0:48 duration169 words

The Importance of Quality Over Quantity

Sacks emphasizes the importance of prioritizing quality in app development over sheer user numbers. He reflects on how Facebook's approach has led to a dilution of user experience due to the overwhelming presence of low-quality applications.

"their front page right so I think he's broken the contract with the developers sorry Zuck hope Havey on the show sometime I guess that's over but I feel like they've broken their contract with them be..."

51
1:16:30 - 1:17:06
0:36 duration111 words

The News Segment Introduction

The transition to the news segment features Lon Harris taking over to present the latest updates. David Sacks and the team prepare for a lively discussion about current events, setting the stage for insights into the tech industry and startup culture.

"um wow this has been amazing and uh now we should move to the news Lon Harris look at this slide oh wow yeah commanding that is commanding what is this music I feel like feel like I'm in a we're remak..."

52
1:24:01 - 1:25:05
1:04 duration254 words

Regulating Application Quality

The discussion continues on the need for Facebook to regulate application quality more aggressively. Sacks suggests that a rating system for applications could help users identify high-quality apps amidst the noise.

"think conversation for people who are building stuff you know you can sacrifice uh quality to increase virality to a point and then it backfires on you and you basically have poison the pond you know ..."

52
1:17:06 - 1:18:07
1:01 duration209 words

Facebook's New Funding Initiative

Lon Harris introduces Facebook's new funding program, which supports 18 applications with $225,000 each. David Sacks critiques the initiative, suggesting it serves more as a marketing strategy than a genuine investment, while also discussing its implications for young developers and startups.

"what's our first news item our first news item Facebook has revealed the first 18 applications that will receive funding from its new FB fund uh the companies behind the winning applications they're g..."

53
1:25:05 - 1:26:36
1:30 duration369 words

The Future of Twitter and Facebook

Sacks and Harris speculate on the future of Twitter and Facebook, discussing how Twitter's user-driven model may lead to greater success in the long run. They analyze the implications of user engagement and application quality on both platforms.

"trust rating like eBay for applications this what he told me and I haven't seen that and I certainly haven't seen the result of that in using Facebook yeah um Facebook feels the applications on Facebo..."

53
1:18:07 - 1:19:10
1:02 duration228 words

Marketing vs. Investment

David Sacks elaborates on the marketing aspects of Facebook's funding initiative, comparing it to traditional advertising costs. He argues that the program is a clever way to engage young developers while also serving Facebook's interests in promoting its platform.

"know hiring a PR firm is 20,000 a month you know buying ads this is a great great way to get young people at Stamford you know at some computer science program site it's like a little mini Tech crunch..."

54
1:19:10 - 1:20:03
0:53 duration197 words

Developer Incentives and App Quality

Sacks addresses the challenges Facebook faces in aligning developer incentives with the platform's goals. He critiques the prevalence of spammy applications and discusses the need for Facebook to encourage higher quality app development to enhance user experience.

"announced this at the tech crunch conference two years ago I believe that they were going to do again then they had 50 finalists a few months ago and then they've just this week Tak a long time to do ..."

54
1:26:36 - 1:27:09
0:33 duration128 words

Engaging the Audience

The segment wraps up with a call to action for viewers to engage with the news segment by posting insightful comments. Sacks emphasizes the importance of audience interaction in shaping the conversation.

"uh just a little note for the person who posts the most insightful comment during the News segment we're going to give you a free ticket to Tech crunch 50 so post the most insightful comment put pound..."

55
1:27:09 - 1:30:07
2:57 duration656 words

Innovations in Search Engines

The discussion shifts to Topsy, a new search engine that indexes Twitter for links. Sacks and Harris evaluate its potential and how it could change the landscape of search engines, particularly in relation to sentiment analysis.

"maybe but if you post a great comment about the news someone should do something around viit very important tweet yes this is a very important tweet comment if you get the very important tweet correct..."

55
1:20:03 - 1:21:02
0:59 duration206 words

Quality Control in App Development

The conversation shifts to the comparison between Facebook and iPhone app approval processes. Sacks argues that stricter quality control could improve user experience on Facebook, contrasting it with the perceived quality of iPhone applications.

"think that's the problem is that they haven't I think Facebook for the last couple years has still been a little bit behind the aall in terms of trying to align those incentives so I think now I think..."

56
1:30:07 - 1:31:40
1:33 duration348 words

The Role of Retweets in Search

Sacks discusses the implications of retweets for search engine functionality, suggesting that indexing based on retweets could enhance the relevance of search results. He predicts that Twitter will eventually integrate similar features.

"Twitter search will so fair there's another example of somebody doing something interesting that's a feature but it's not going to become a brand I don't think I don't know what you but well it's an e..."

56
1:21:02 - 1:22:10
1:08 duration252 words

The Virality vs. Quality Dilemma

David Sacks discusses the tension between creating viral applications and maintaining quality. He suggests that Facebook's approach has led to an abundance of low-quality apps, while Twitter's model encourages more meaningful applications.

"managed I think the problem is this from the beginning the incentives were to engineer virality as opposed to sort of engineering quality right um because that's how you spread it is you know they thr..."

57
1:22:10 - 1:23:01
0:51 duration181 words

User-Generated Features

The discussion highlights how Twitter has successfully allowed users to create features organically, contrasting this with Facebook's more controlled approach. Sacks emphasizes the importance of user input in product development.

"good app get distribution without encouraging spammy apps and you know the thing is when it yeah I think you're right just so people know what David's talking about if you pull up my um if you pull up..."

57
1:31:40 - 1:32:45
1:04 duration233 words

Community-Driven Development

The segment concludes with reflections on how Twitter's community-driven approach to feature development has set it apart from traditional models. Sacks highlights the transformative nature of this strategy in the tech landscape.

"it's it's so brilliant uh right it's it's it's transformative I mean the product is transformative the business lessons are truly transformative right of doing less letting the the community create mo..."

58
1:32:43 - 1:33:29
0:46 duration170 words

The Importance of Scaling

David Sacks discusses the necessity for Twitter to scale its data stream and continue evolving its features. He warns against complacency in the tech industry, citing competitors like Facebook that are constantly innovating and adapting to user needs.

"hey did you see this thing some user Bel now was there something they did that caused that or did that just happen because they didn't have the time to do something and people stepped in well I think ..."

58
1:23:01 - 1:24:01
0:59 duration216 words

The Role of Community in Product Development

Sacks reflects on the unique nature of Twitter's development process, where user-generated features have become integral to the platform. He contrasts this with traditional product development approaches, emphasizing the value of community engagement.

"Zuckerberg to do is sort of go back on his promise of like we're here for the app developers and say you know what we're going to ghetto wise all apps because they suck and put them on the second tab ..."

59
1:33:29 - 1:34:01
0:31 duration158 words

Facebook's Competitive Edge

Sacks critiques Facebook's approach to innovation, noting how Mark Zuckerberg is constantly analyzing Twitter's success. He discusses the balance between rapid iteration and user fatigue, emphasizing the need for Facebook to be cautious in its changes while still pushing forward.

"what people want and then you know they could acquire like that they was some I think one of the best moves they made was acquiring some eyes which is a search engine they got really good developers o..."

59
1:24:01 - 1:25:01
1:00 duration234 words

Navigating the Spam Problem

The segment discusses the challenges Facebook faces with spammy applications and the need for better regulation. Sacks suggests that a more aggressive approach to protecting users from low-quality apps could enhance the platform's reputation.

"think conversation for people who are building stuff you know you can sacrifice uh quality to increase virality to a point and then it backfires on you and you basically have poison the pond you know ..."

60
1:34:01 - 1:34:50
0:49 duration172 words

The Risks of Inaction

In this segment, Sacks warns about the dangers of inaction in technology companies, using examples like Yahoo and eBay. He stresses the importance of continuous innovation to avoid obsolescence, highlighting how even strong network effects can diminish without regular updates.

"world isn't standing still you know that yeah you know you know that Zuckerberg at Facebook every day is thinking about like you know why are people using Twitter for sharing and how do we take some o..."

60
1:25:01 - 1:26:00
0:58 duration222 words

The Future of Facebook Apps

David Sacks speculates on the future of Facebook applications and the potential for a trust system to rate app quality. He discusses the implications of such a system for developers and users alike.

"Google AdSense or something not Google Google page rank he wants to make a trust rating like eBay for applications this what he told me and I haven't seen that and I certainly haven't seen the result ..."

61
1:34:50 - 1:35:29
0:39 duration134 words

Iterating on a Large Scale

Sacks praises Facebook's ability to iterate and release major updates effectively. He discusses the challenges of managing change in a large organization and the importance of user feedback in successful product launches.

"interface right against the wishes of 90% of the staff 90% of the user base shows some level of vision Andor arrogance that is Bill Gates level well I mean I think you know yes or no well I I think if..."

61
1:26:00 - 1:27:09
1:09 duration280 words

Insights on Retweets and Influence

The conversation shifts to Topsy, a new search engine that indexes Twitter based on influence. Sacks discusses the potential of retweets as a metric for authority and how this could reshape search functionalities on social media platforms.

"ability to game the system as much as possible and your success in Twitter is based on the quality of your application and the Merit of it right and it's because they gave you too many ways to promote..."

62
1:27:09 - 1:28:10
1:00 duration239 words

The Evolution of Twitter Search

Sacks predicts that Twitter will enhance its search capabilities to include influence metrics, potentially overshadowing Topsy. He discusses the importance of authoritative voices in the context of real-time events.

"maybe but if you post a great comment about the news someone should do something around viit very important tweet yes this is a very important tweet comment if you get the very important tweet correct..."

62
1:35:29 - 1:36:01
0:32 duration126 words

Zuckerberg's Leadership Style

David Sacks shares his impressions of Mark Zuckerberg, describing him as a thoughtful leader who takes time to consider his responses. He compares Zuckerberg's analytical approach to that of other tech leaders, emphasizing the depth of thought behind his decisions.

"almost like who like Twitter's getting traction let's try and staunch that by putting this out there so a mistake or not well it felt to me like it it should have been clearly clearly rushed But ultim..."

63
1:28:10 - 1:29:10
1:00 duration197 words

The Value of Influential Voices

The segment concludes with a discussion on the significance of influential voices during major events, emphasizing the need for users to access quality information quickly amidst the noise of social media.

"informative getting close it's there I mean it's it's good for sentiment but it's not going to replace I'm looking for a Paris Hotel I want to buy an iPod okay right there's this search is not one thi..."

63
1:36:01 - 1:36:43
0:42 duration165 words

The Evolution of Twitter

Sacks discusses the evolution of Twitter and its impact on communication. He highlights the platform's unique position in the market and the importance of maintaining its core simplicity while adapting to user needs.

"going to be I mean that is a very Bill Gates and also releasing a product before it's ready windows I mean Bill Gates saw the writing on the wall Very quickly Mac operating system Windows is so the go..."

64
1:36:43 - 1:37:29
0:46 duration189 words

The Future of Content Distribution

In this segment, Sacks addresses the challenges of content distribution in the digital age. He critiques Hulu's approach to partnerships and distribution, emphasizing the need for flexibility and openness in the evolving media landscape.

"cautious about changing the interface um and I think users like like that on some level the consistency so I I do think that Facebook has to be a little bit careful about yeah too yeah exhausting user..."

64
1:29:10 - 1:30:00
0:50 duration182 words

Community-Driven Development

Sacks reflects on the transformative nature of Twitter as a platform that thrives on community-driven development. He highlights the lessons learned from Twitter's approach to product evolution and user engagement.

"moment but Twitter will out brand them in a very short period of time there will be a checkbox on Twitter search I know for a fact with ranking based on the stuff Lu predicted this Lu from seesmic tha..."

65
1:30:57 - 1:32:01
1:03 duration219 words

User-Driven Innovation on Twitter

David Sacks discusses how Twitter's unique model allows users to invent features, creating a dynamic environment where the community drives product development. He highlights the transformative nature of this approach, contrasting it with traditional product development methods where companies dictate features.

"like type it up and all RT should be a standard just like became a standard pound has become a standard and pound with tags uh if they were actively lit up and sent you search that would be the same t..."

65
1:37:29 - 1:38:01
0:32 duration120 words

The Role of Interfaces in Media

Sacks discusses the importance of user interfaces in media consumption, particularly in relation to Hulu's desktop application. He argues that a better interface can enhance user experience and engagement, making it easier to access content.

"Monopoly is or your network effects the ice is melting into your feed like look at eBay right 10 years ago its Network effects were considered ins superable now it's shrinking yeah and it's just becau..."

66
1:32:01 - 1:33:00
0:59 duration230 words

The Risks of Inaction

Sacks reflects on Twitter's growth challenges, emphasizing the risks companies face when they fail to innovate. He notes that while Twitter thrived by allowing users to shape the platform, most companies would struggle to survive a prolonged period of stagnation.

"companies that you know haven't been growing for nine months and continue to do nothing Well die your plug yeah so uh I don't know if you can extrapolate a uh a business lesson there but I but it was ..."

66
1:38:01 - 1:38:43
0:42 duration156 words

Lessons from Failed Startups

David Sacks reflects on the challenges faced by startups like OQO, which struggled to compete with smartphones. He emphasizes the importance of timing and market readiness in the success of tech products.

"the trans the crowdsource translation the international roll out was was an A+ yeah I mean let's not forget about that so and then the release of um what was the advertising platform that pissed every..."

67
1:33:00 - 1:34:03
1:03 duration278 words

The Balance of Product and Community

In this segment, Sacks contrasts the roles of product-focused CEOs with those who prioritize community input. He discusses the importance of listening to users and how Twitter's simplicity allows for user-generated features, creating a valuable communication system.

"where it's just so like simple and flexible right that users can invent this notation it's like this basic communication system where users invent the notation it becom incredibly valuable I don't kno..."

67
1:38:43 - 1:39:29
0:46 duration151 words

The Importance of Credit in Entrepreneurship

Sacks shares his thoughts on the significance of giving credit to co-founders and collaborators in entrepreneurial ventures. He discusses the case of Jimmy Wales and Larry Sanger, emphasizing the importance of recognizing contributions in the tech community.

"um maybe a little bit if that's what you want me to say but uh no I'm just curious no I I found him very considerate yeah you know he's like the kind of guy you ask a question to and he waits 30 secon..."

68
1:46:34 - 1:47:44
1:09 duration251 words

The True Founder of Wikipedia

David Sacks shares his strong opinion on the co-founders of Wikipedia, emphasizing that Larry Sanger deserves equal credit for the platform's creation. He criticizes Jimmy Wales for not acknowledging Sanger's contributions, highlighting the importance of giving credit where it's due in entrepreneurial ventures.

"myself I would have literally committed zuku J Jimmy it's always an option oh po regret sorry Jimmy poor guy I just I the only reason I really hate the guy I'll tell you honestly people say why do I h..."

68
1:34:03 - 1:35:06
1:03 duration204 words

Facebook's Competitive Edge

Sacks analyzes Facebook's strategy in relation to Twitter, discussing how Zuckerberg constantly seeks to replicate Twitter's success. He highlights the competitive landscape and the necessity for Twitter to keep innovating to maintain its user base against Facebook's aggressive tactics.

"yeah you know you know that Zuckerberg at Facebook every day is thinking about like you know why are people using Twitter for sharing and how do we take some of that magic so not only thinking about i..."

69
1:47:44 - 1:48:55
1:11 duration288 words

The Weight of Success vs. New Beginnings

Sacks reflects on the challenges of entrepreneurship, discussing how the pressure of success can weigh heavily on founders. He encourages entrepreneurs to embrace failures as life lessons and to keep trying, regardless of setbacks, emphasizing the importance of resilience in the startup world.

"Jimmy Wells for that also he was a bit of a jerk to me but that's a separate story yeah but I don't want to go off on a tangent I never say anything bad about another entrepreneur see the movie busine..."

69
1:35:06 - 1:36:01
0:54 duration221 words

The Art of Iteration

David Sacks emphasizes the importance of iteration in product development, using Facebook's rapid changes as a case study. He discusses the potential pitfalls of overwhelming users with constant updates while also acknowledging the necessity of evolution in technology.

"I think if you were to criticize the homepage redesign I would say that maybe it felt a little bit rushed I mean they went through that whole multi-month process with the profile redesign where they w..."

70
1:36:01 - 1:37:02
1:00 duration251 words

The Danger of Complacency

Sacks warns against the complacency that can lead to a company's decline, citing examples like Yahoo and eBay. He stresses that technology companies must continuously innovate to avoid losing relevance in a fast-paced market.

"am going to change this this is how it's going to be I mean that is a very Bill Gates and also releasing a product before it's ready windows I mean Bill Gates saw the writing on the wall Very quickly ..."

70
1:48:55 - 1:50:07
1:12 duration252 words

Wikipedia's Ban on Scientology Editors

The conversation shifts to Wikipedia's decision to ban members of the Church of Scientology from editing its pages. Sacks discusses the implications of this ban on neutrality and the challenges of maintaining unbiased content on the platform, raising questions about the fairness of such restrictions.

"my to the oqo team good job trying we made a little bit of joke putting you in the Deadpool the truth is we have a lot of great respect for you and for the work you put into it right and as entreprene..."

71
1:50:07 - 1:51:43
1:35 duration307 words

Neutrality in Editing: A Double-Edged Sword

Sacks elaborates on Wikipedia's neutrality policy, explaining why individuals with vested interests should not edit related pages. He discusses the complexities of this policy and how it applies differently to various groups, questioning whether it is fair to restrict certain affiliations from contributing.

"a rule of you can't edit pages that you have a vested interest in right you can debate that concept but it has resulted in a great product this is called the neutral point of view so I shouldn't be ed..."

71
1:37:02 - 1:38:01
0:59 duration240 words

Zuckerberg's Leadership Style

In this segment, Sacks shares his impressions of Mark Zuckerberg, describing him as a thoughtful leader who carefully considers his responses. He draws parallels between Zuckerberg and other tech leaders, highlighting the intensity and focus they bring to their roles.

"don't do anything I mean you look at like Yahoo eBay I mean changed I know or even like you know PayPal I'm sorry to say since we sold the company I mean you know there is nothing different about PayP..."

72
1:38:01 - 1:39:05
1:04 duration237 words

The Complexity of Tech Leadership

Sacks reflects on the challenges of leading a tech company, discussing the balance between innovation and user satisfaction. He notes the importance of understanding user needs while also pushing for necessary changes in a competitive landscape.

"little cigarette right and the you know the trans the crowdsource translation the international roll out was was an A+ yeah I mean let's not forget about that so and then the release of um what was th..."

72
1:51:43 - 1:53:01
1:17 duration236 words

Scientology: Religion or Self-Help?

Sacks offers his perspective on Scientology, suggesting that it operates more as a self-help program than a traditional religion. He discusses the perception of Scientologists and the challenges they face in gaining acceptance, while also calling for transparency in their practices.

"to edit the pages about specifically Scientology but they could edit a page about Tom Cruz right the problem is I think the scientologists listen I have friends who are scientologists a lot of them pl..."

73
1:39:05 - 1:40:00
0:54 duration190 words

The Rise and Fall of Startups

Sacks shares insights on the lifecycle of startups, discussing the challenges they face in maintaining relevance. He emphasizes the importance of adaptability and learning from failures as essential components of entrepreneurial success.

"was my impression which is the same experience you get when you talk to Gates or jws or you can tell there's like eight processors being cooled with liquid nitrogen behind those eyes you do get with P..."

73
1:53:01 - 1:54:31
1:30 duration303 words

The Business of Scientology

In a candid discussion, Sacks challenges Scientology to abandon its religious status and promote its self-help programs transparently. He argues that doing so could help demystify the organization and improve its public image, while also addressing the business aspects of its operations.

"outlook online has it really really absolutely well I want to talk to you about that because of the network um this is just the reason this is not going to happen with other religions and it's not rea..."

74
1:54:31 - 1:56:12
1:40 duration354 words

Deep Water: A Lesson in Entrepreneurship

Sacks introduces the documentary 'Deep Water,' which tells the story of Donald Crowhurst's ill-fated solo sailing race. He encourages viewers to reflect on the lessons of risk-taking and the consequences of entrepreneurial ambition, setting the stage for a critical discussion in the next episode.

"beliefs with the Wikipedia Group which is a somewhat strange group in terms of libertarianism and freedom of speech whatever weird I wouldn't say weird they're on the Polar Opposites in terms of Fring..."

74
1:40:00 - 1:41:04
1:03 duration220 words

Monetizing Social Media

In this segment, Sacks discusses the potential for monetizing platforms like Twitter through affiliate marketing. He explores the implications of blending personal opinions with profit motives in social media, questioning the authenticity of such practices.

"do another Twitter story I got another one new startup tweet box it's a way to make a profit from using Twitter you go find a product you like on amazon.com best.com a site like that you go to tweet B..."

75
1:41:04 - 1:42:01
0:56 duration240 words

The Self-Correcting Nature of Twitter

Sacks explains how Twitter's user-driven model allows for self-correction regarding content authenticity. He discusses the platform's spam issues and the measures in place to address them, emphasizing the need for balance in user-generated content.

"that's the hierarchy uh do you think there's an Unwritten sort of Twitter rule though that your opinion should be your own and not because you're trying to make a buck or is this totally legit uh it's..."

75
1:56:12 - 2:01:12
5:00 duration1024 words

Homework Assignment: Lessons from Deep Water

As the episode wraps up, Sacks assigns viewers a homework task to watch 'Deep Water' and consider what lessons can be drawn from Crowhurst's experience. He emphasizes the importance of understanding the risks and rewards of entrepreneurship, inviting viewers to engage in a thoughtful discussion next week.

"they they kind of took religion and put the premium model on it it is a premium a premium yeah I mean I nobody will ever doubt the scientologists uh ability to create a business Buzz um anyway this is..."

76
1:42:01 - 1:43:04
1:03 duration251 words

Hulu's Desktop Application

Sacks introduces Hulu's new desktop application, which enhances the viewing experience by allowing users to watch content in full screen. He critiques the limitations of browser-based viewing and discusses the implications for web video consumption.

"have to worry about the spam Factor you know you do get you know there's there's a growing spam problem on Twitter they're going to have to address at some point well I think actually right now you ca..."

76
2:01:12 - 2:05:31
4:18 duration712 words

Closing Thoughts and Show Ratings

In the final segment, Sacks thanks his guest and encourages viewers to rate the show. He reflects on the discussions held during the episode, reinforcing the importance of recognizing contributions in entrepreneurship and the complexities of maintaining neutrality in platforms like Wikipedia.

"film we are all human beings and we have dreams this was something that a human hadn't yet attempted to do first of all we didn't know if a boat could take it secondly there was considerable doubt if ..."

77
2:05:12 - 2:06:01
0:48 duration140 words

Audience Ratings and Feedback

The hosts review audience ratings for the show, discussing the feedback received and how it reflects the quality of the content. They highlight the importance of continuous improvement and audience satisfaction in the realm of startups and entrepreneurship.

"money after the on video yeah okay uh and so thank you for David saxs for being on the show and thank you to our sponsors at you stream everybody should follow at Ustream at webpy go follow at webpy a..."

77
1:43:04 - 1:44:01
0:56 duration187 words

The Future of Content Distribution

In this segment, Sacks critiques Hulu's approach to content distribution and the challenges posed by traditional media companies. He argues for a more open model that prioritizes user experience over restrictive partnerships.

"Hulu guys essentially lied and said oh we got to stop boxy from doing this because our partners are not comfortable with it which was not true they were launching a competing product and they want to ..."

78
1:44:01 - 1:45:07
1:06 duration205 words

The Fall of OQO

Sacks discusses the demise of OQO, a handheld computer company, reflecting on the challenges of being an early innovator. He emphasizes the importance of timing and market readiness in the tech industry.

"distribution end to end right or right even the software that's going to frame it you know like but anyway it's a brilliant idea I mean it sucks to nobody the the browser is the worst possible interfa..."

78
2:06:01 - 2:06:46
0:44 duration170 words

Celebrating High Ratings

The hosts celebrate achieving high ratings for the show, discussing the positive feedback and the significance of viewer engagement. They reflect on the journey of the show and the efforts made to enhance its quality and content.

"every entrepreneur should check it out uh the rumor is a great find love Yammer we got a nine out of 10 from fogan Camp that's great very intelligent uh uh leano software is riding us hard he says we ..."

79
2:06:46 - 2:07:50
1:04 duration223 words

Upcoming Events and Personal Engagement

David shares his upcoming speaking engagements and events, including the launch of Mahalo 2.0. He emphasizes the importance of community and personal interaction in the entrepreneurial journey, inviting viewers to participate in these events.

"which is the highest rated we've ever had we're really trying to make the show better we're trying to keep it moving faster got a 999999 I like that from Earl Wallace and 91408 one89 divided by 10.2 a..."

79
1:45:07 - 1:46:14
1:07 duration175 words

Jimmy Wales and Wikipedia

Sacks shares his thoughts on Jimmy Wales, co-founder of Wikipedia, and the controversies surrounding credit for the platform's creation. He emphasizes the importance of recognizing contributions in collaborative projects.

"completely uh what do you think is this say inability to compete with smartphones netbooks um I'm pulling up the oqo website right now oqo is way ahead of its time I have one uh when I was doing in ga..."

80
1:46:14 - 1:48:03
1:48 duration395 words

The Importance of Acknowledgment

In this closing segment, Sacks reflects on the significance of giving credit where it's due in the tech industry. He discusses the impact of recognition on innovation and collaboration, advocating for transparency in acknowledging contributions.

"tell you how happy I mean I'm not happy at anybody's failures no except for Jimmy wales's I love the fact that he went on the cover of magazine mhm and said Google's worst nightmare and then quit afte..."

80
2:07:50 - 2:08:46
0:55 duration217 words

Networking and Community Building

The discussion turns to the significance of networking and community building in the startup ecosystem. David highlights the value of connecting with others in the industry and the opportunities that arise from collaboration and shared experiences.

"than we've actually done a big presence it's like a whole extra episode oh yes everybody rate Lon as the news everybody rate Lon or scale and everybody rate the guest David Sachs on uh how good he was..."

81
2:08:46 - 2:09:56
1:09 duration253 words

Transparency in Feedback

The hosts discuss the importance of transparency in receiving feedback during presentations and public speaking. David shares anecdotes about audience reactions and the dynamics of live feedback, emphasizing the need for adaptability in real-time.

"New York Tech Meetup which is sold out I am going to launch Mahalo 2.0 so uh you're going to get to see Mahalo 2.0 for the first time Tuesday night it will then launch it's pretty pretty pretty great ..."

81
1:47:44 - 1:49:01
1:17 duration314 words

Respect for Failed Entrepreneurs

Sacks shares his respect for entrepreneurs who attempt ambitious projects, even if they fail. He highlights the importance of learning from failures and encourages those who have tried to innovate, acknowledging that stepping in front of major tech 'trains' like the iPhone or Google can be daunting but is part of the entrepreneurial journey.

"Jimmy Wells for that also he was a bit of a jerk to me but that's a separate story yeah but I don't want to go off on a tangent I never say anything bad about another entrepreneur see the movie busine..."

82
1:49:01 - 1:50:04
1:02 duration216 words

Wikipedia's Ban on Scientology Editors

The discussion shifts to Wikipedia's decision to ban members of the Church of Scientology from editing its pages. Sacks explains the rationale behind this ban, emphasizing the importance of neutrality and the challenges of editing pages related to one's vested interests.

"of great respect for you and for the work you put into it right and as entrepreneurs I mean there but for the grace of God go I yeah exactly I mean I could be getting a bull at any time um not with Ma..."

82
2:09:56 - 2:12:03
2:07 duration496 words

Final Thoughts and Show Wrap-Up

As the show comes to a close, the hosts express gratitude to their sponsors and audience. They recap the key discussions and encourage viewers to engage with the content, reinforcing the community aspect of the show and the importance of viewer input.

"uh I'm also going to have are we going to have a dim sun perhaps maybe we'll have a dim Su put something together we'll put together a dim sum for the super fans for the people on the Json Nation uh w..."

83
2:12:03 - 2:13:07
1:03 duration204 words

Homework Assignment: Deep Water

The host assigns viewers a homework task to watch the documentary 'Deep Water' before the next episode. He emphasizes the importance of learning from real-life stories and encourages audience participation in the upcoming discussion.

"startups and maybe tomorrow when we're doing our little demo when we're building the demo maybe we'll do a little live live webcast so I'll be here maybe we'll do a little live webcast and do a little..."

83
1:50:04 - 1:51:43
1:39 duration307 words

Neutrality in Editing: A Double Standard?

Sacks questions the fairness of Wikipedia's editing policies, particularly regarding religious affiliations. He discusses whether individuals from other faiths should also be restricted from editing related pages, highlighting the complexities of maintaining neutrality in content creation.

"Scientology pages okay the Wikipedia has a rule of you can't edit pages that you have a vested interest in right you can debate that concept but it has resulted in a great product this is called the n..."

84
1:51:43 - 1:54:03
2:20 duration458 words

Scientology: Religion or Self-Help?

Sacks delves into the nature of Scientology, arguing that it functions more as a self-help program than a traditional religion. He suggests that Scientology should abandon its religious status to promote transparency and accessibility, challenging the organization to demonstrate its value openly.

"to edit the pages about specifically Scientology but they could edit a page about Tom Cruz right the problem is I think the scientologists listen I have friends who are scientologists a lot of them pl..."

85
1:54:03 - 1:56:11
2:07 duration430 words

The Business of Scientology

The conversation continues with Sacks proposing a discussion on the business aspects of Scientology. He invites insights into how the organization markets itself and engages with potential members, emphasizing the need for transparency in its operations.

"people with their lives and a lot of the stuff they do is very good Tom Cruz talking about not about exercising curing depression and nutrition there there is a definitive link between exercise nutrit..."

86
1:56:11 - 2:01:13
5:01 duration1040 words

Deep Water: A Lesson in Entrepreneurship

Sacks introduces the documentary 'Deep Water,' which tells the story of Donald Crowhurst's ill-fated solo sailing race. He encourages viewers to reflect on the lessons of risk-taking and the nature of entrepreneurship, setting the stage for a critical discussion in the following week.

"transparent about it you think about it they they kind of took religion and put the premium model on it it is a premium a premium yeah I mean I nobody will ever doubt the scientologists uh ability to ..."

87
2:01:13 - 2:05:31
4:18 duration712 words

Wrapping Up: Rate the Show!

As the episode concludes, Sacks invites viewers to rate the show and share their thoughts. He expresses gratitude to the guest, David Sacks, and encourages the audience to engage with the content and participate in future discussions.

"film we are all human beings and we have dreams this was something that a human hadn't yet attempted to do first of all we didn't know if a boat could take it secondly there was considerable doubt if ..."

88
2:05:12 - 2:06:01
0:48 duration140 words

David Sacks' Impact on the Show

David Sacks receives praise for his contributions to the episode, with hosts discussing his insights and the overall quality of the show. The conversation highlights the importance of guest contributions in enhancing the viewer experience and the show's reputation.

"money after the on video yeah okay uh and so thank you for David saxs for being on the show and thank you to our sponsors at you stream everybody should follow at Ustream at webpy go follow at webpy a..."

89
2:06:01 - 2:06:46
0:44 duration170 words

Upcoming Events and Personal Engagement

David shares his upcoming speaking engagements, including the Conversational Marketing Summit and the New York Tech Meetup. He emphasizes the importance of community and personal engagement in the entrepreneurial journey, inviting listeners to join him at these events.

"every entrepreneur should check it out uh the rumor is a great find love Yammer we got a nine out of 10 from fogan Camp that's great very intelligent uh uh leano software is riding us hard he says we ..."

90
2:06:46 - 2:07:50
1:04 duration223 words

The Launch of Mahalo 2.0

David teases the launch of Mahalo 2.0 at the New York Tech Meetup, discussing the preparations and expectations for the demo. He reflects on the pressure of presenting in front of an audience and the excitement surrounding the new features of Mahalo.

"which is the highest rated we've ever had we're really trying to make the show better we're trying to keep it moving faster got a 999999 I like that from Earl Wallace and 91408 one89 divided by 10.2 a..."

91
2:07:50 - 2:09:01
1:11 duration262 words

Networking and Community Building

The hosts discuss the importance of networking and community building in the startup ecosystem. David mentions plans for a dim sum gathering for super fans, highlighting the value of personal connections and informal meetups in fostering relationships within the entrepreneurial community.

"it's like a whole extra episode oh yes everybody rate Lon as the news everybody rate Lon or scale and everybody rate the guest David Sachs on uh how good he was as a guest oh great this is transparenc..."

92
2:09:01 - 2:10:35
1:33 duration363 words

Future Guests and Show Lineup

The hosts preview upcoming guests on the show, including notable figures from the tech industry. They discuss the significance of these guests and the insights they will bring, building anticipation for future episodes and maintaining audience interest.

"have been working on a whole bunch with the team here uh and I'm going to give myself six minutes to demo it just like everybody else that the New York Tech meet up I want to go under the same pressur..."

93
2:10:35 - 2:12:24
1:48 duration409 words

Closing Thoughts and Gratitude

As the episode wraps up, the hosts express gratitude to their sponsors and audience. They reflect on the show's journey and the importance of viewer feedback, encouraging listeners to stay engaged and share their thoughts for future improvements.

"because of web spy and because of Ustream everybody thank them I mean just what does it take to say in your Twitter at DNA mail webpy at Ustream thank you thank you thank you for sponsoring pound twis..."

94
2:12:24 - 2:13:07
0:42 duration137 words

Homework Assignment: Deep Water

The hosts assign viewers a homework task to watch the documentary 'Deep Water' before the next episode. They emphasize the importance of learning from diverse experiences and encourage audience participation in the upcoming discussion.

"show and send in um where can people send their thoughts on the show Alex at this we startups.com so contact at this weend startups.com if you have any thoughts or ideas for the show a segment whateve..."