Billionaires Xmas List, Disneyland Buyout, Gifting A Mclaren F1, Too Big to Fail
Welcome to Technology Brothers, the most profitable podcast in the world. Jordy, how are you surviving? There are fires all over your house. Give us the breakdown.
Speaker 2:Fortunately, not over my house, John. But, but, yeah, thank you to everybody that reached out over the last, 48 hours. There are there is a big fire raging in Malibu. Luckily, it's not, it's a few miles from my house, but, got enough distance that it we're never directly under threat. But but, yeah, loss had didn't have power for the last couple days.
Speaker 2:I was able to get Wi Fi from my neighbor.
Speaker 1:So I
Speaker 2:was sitting on the edge of my house, with with their permission, of course, was sitting on the edge of my house Mhmm. Making sure I could still get posts out
Speaker 1:Good.
Speaker 2:On, on the accounts. But, but, yeah, didn't, wasn't wasn't an excuse to miss recording today. Yeah. Rolled out of bed, took the one road out of Malibu that was still open and, made it made it to the studio. Fantastic.
Speaker 2:As we always do. And, got a shave courtesy of, Yeah. The Jonathan Club where where we record. And, we're now on the mic. So
Speaker 1:Fantastic. Yeah. I think while you were, scrambling around Malibu trying to find safe haven and deal with all the chaos there, I was, relaxing at Disneyland, which was great.
Speaker 2:You were. A little Tuesday Disneyland.
Speaker 1:Tuesday Disneyland with the 3 year old. It was fantastic. Highly recommend it. It's it's fascinating. It really makes you appreciate authoritarianism.
Speaker 2:Totally.
Speaker 1:There are metal detectors now to even get into downtown Disney, which is just like a a mall where so you can't even go shopping without getting through the metal detector. So you know it's just perfectly safe there. Everything is perfectly clean. There's just Amazing. People everywhere.
Speaker 1:Total surveillance state. You sacrifice all your rights when you go in. But I've realized that, you know, in light of recent events, they need to put metal detectors outside of Manhattan. It needs to be a prison colony.
Speaker 2:No. That's why that's why being in being in, you know, Dubai, the UAE broadly Yep. Is so nice Yep. And relaxing because you walk around
Speaker 1:Yep.
Speaker 2:And given you have this feeling when you enter the to to the the the monarchy, I shouldn't even call it a country. It's a it's a fiefdom almost. You have this feeling that you're entering a highly secure place that's run-in a highly competent way Yep. Where there's one guy who understands that it's my responsibility as as king to keep, keep, you know, the people safe.
Speaker 1:Yeah. Yeah. I mean, a a a a billionaire reached out to me and was like, you guys shouldn't talk so much about luxury goods. You live in America. You can only do that in Dubai or Singapore.
Speaker 2:Yeah. Or Miami.
Speaker 1:Or yeah. Or Miami. So you need to be you need to be in a place with strong property rights, John. Stop what you're doing. And I was like, I'm not afraid.
Speaker 1:I will put on a bulletproof vest every day. If it means
Speaker 2:I wear And and
Speaker 1:nice watch.
Speaker 2:Driving nice cars, wearing watches, or whatever. It's motivating to try to get our country safer and more secure Yeah. And and use the leverage that we have. Yeah. But it won't be on this podcast Yeah.
Speaker 2:Because we don't talk about politics.
Speaker 1:But, Disneyland is an interesting place to reflect on, like, the American populace. It's Yeah. It's I I I read something that it's, like, the most perfect representation of maybe the world demographics or at least American demographics. Like, one of every type of person is, represented. Obviously, there's a dearth of protects, a plethora of Tweety Bird tattoos, and, the whole experience leaves you thinking you need to go turbo long Novo Nordisk, but these are these are our people.
Speaker 1:And what I came from away away from it with with this this idea that it's like, this is our team for America.
Speaker 2:Yeah.
Speaker 1:And they It's a team we got. And we can't just reset and start fresh. These are Yeah. These these are our compatriots. These are our colleagues, and we need to work hard to make America a fantastic place for everyone.
Speaker 1:And so, it's inspiring. But one thing that kept hitting my mind as I was walking around Disneyland was that, it is you know, people think of it as expensive, a couple $100 to get in. The price always goes up. Everything's expensive, but they are fantastic at price discrimination. So a couple $100 to get a ticket in, but for maybe if you if you spend a few $1,000 on your family, you can buy basically every single FastPass, and all the lines go from, like, 60 minutes to, like, 10 minutes.
Speaker 2:It's
Speaker 1:great. So, clearly, they figured out that there's a whole group of people that are willing to pay an order for you.
Speaker 2:The the 20 k. I was about to bring that up. Yep.
Speaker 1:Yep. So if you pay something like 20 k for your family, there is a Disneyland employee who will walk you around and walk you directly to the front of everybody.
Speaker 2:Where it talks to?
Speaker 1:No. They they're they're a cast member, so they're in kind of a very, like it's like almost old timey Hollywood, like, pinstripes and bow tie type thing.
Speaker 2:Great.
Speaker 1:That works. They'll they'll they'll educate you on what what the best flow is, answer any questions, give you extra history about the the the park. It turns it into a really, crazy experience. But, every every actor or actress that works on a Disney show gets a gets one one of those free. And it used to be unlimited.
Speaker 1:It used to be whenever whenever you wanted to go to Disneyland, if you were on a Disney show or a star in a movie, they would just, yeah, come get the $20,000 experience. But apparently, Kim Kardashian was so obsessed with Disneyland. She was going every single month. They changed the rule. The rule.
Speaker 1:But now she just pays because she loves it. Yeah. And I was thinking about that. I was like, that's incredibly humanizing. You know, people are very like, oh, Kim's like this, you know, Machiavellian, like, crazy, like, you know, person who's, like, so driven, but, like, I love the car.
Speaker 1:I love it. Yeah. Just loves Disneyland.
Speaker 2:And giving that experience to your to your children.
Speaker 1:Yeah. Exactly. And so my my
Speaker 2:That would be actually savage though. She was like, no. We're not bringing the kids.
Speaker 1:This is my Disneyland.
Speaker 2:This is my doom. Oh, yeah.
Speaker 1:Yeah. Yeah. Amazing. But, but I I love that Disneyland, you know, you can you can go and have an experience for maybe $200. You can go and experience for 2,000 or 20,000.
Speaker 1:And that spread is saying
Speaker 2:the cost of the $5,000,000 product.
Speaker 1:Yeah. You can do a buyout. Yeah. We'll get to on Saturday. Whole thing.
Speaker 1:And so and and I think, I think actually Citadel did a buyout there. I'm pretty sure they bought out all of Disney World or some something like that, some hedge fund or maybe Goldman or something. But, yeah. So just, a a fantastic example of price discrimination when they have a product that people wouldn't normally think is, like, consumption based. Like Yeah.
Speaker 1:Obviously, AWS has price discrimination because the more services
Speaker 2:There's a lot of there's a lot of midsized companies out there that probably spend let's say, they they spend a lot of money on their holiday party. Right? Maybe they spend $500,000. Right? They get have to fly a bunch of people in and, you know, there's some events and maybe performers and big catering fees, locations, all that stuff.
Speaker 2:Those companies should start just doing a Disneyland buyout every 10 years Yep. For retention purposes. See, like, well, it's it's been 8 years. Like, you gotta get to the buyout and
Speaker 1:then Exactly.
Speaker 2:I like
Speaker 1:this. Right?
Speaker 2:That's better. It costs the same amount of money.
Speaker 1:That's great.
Speaker 2:But if you took that 500 k that you're spending every year invested into the markets Yep. You'd also get, you know, potentially Yeah. Even be even less than than doing the the events every single year.
Speaker 1:That's one of the best things about, heretic con. Like, founders fund, that's not an annual thing. It happens like it it's happened twice now, and it was like everyone was like last year's heretic con, but it was actually, like, 3 years earlier. It happens very randomly. It's not on annual schedule.
Speaker 1:So it's like when you get the invite, you have to say yes because it's not just gonna happen next year. Whereas the holiday party, you get invited. Oh, I'll catch the next one. Yeah. But my challenge to the listener is what could you be doing today to drive more price discrimination?
Speaker 2:Yep.
Speaker 1:Like, we're gonna launch a merch store at some point. You can bet your life that there's gonna be something in there for $50. There's gonna be something for $500, and there's definitely gonna be something for $5,000 in there.
Speaker 2:Absolutely.
Speaker 1:Because you need to be capturing the value of the entire breadth of your audience.
Speaker 2:Yep.
Speaker 1:And and and it's it's obvious if you're in a consumption b to b software product. Yeah. But if you're if you're not, you know Yeah.
Speaker 2:And at the end, you know, we'll have venture, you know, venture debt products for for entrepreneurs. We'll have even, you know, vent venture fund, like, line of credits. Right?
Speaker 1:If you
Speaker 2:have, if you're doing a capital call Yep. But you haven't the the the capital, know, you you need a little bit extra time to fund an investment, you know, we'll have products for you. Right? So Yeah. Full spectrum of of of of products for this audience.
Speaker 1:I mean, a venture fund is the is, like, the best way to, price discriminate in in an audience of founders because the higher value the founder, the more money you make when you invest.
Speaker 2:Yep.
Speaker 1:And and I think that's why so many content creators have built funds on the back of it Yep. And run ads. It's very, very hard to capture the full value of your audience. You look at, what Ben Thompson has done as secretary, you know that there are major, like, you know, multimillionaires at Meta who subscribe to Stratechery Yeah. For $200.
Speaker 2:Yeah.
Speaker 1:Yeah. And they are these people.
Speaker 2:They they make they make decisions that lead to 100,000,000 100 of 1,000,000 of dollars to spend Exactly. Various infrastructure projects.
Speaker 1:Now he's very happy with how much the big book of business he's built up, and he likes not having that, conflict of interest with the ads. So it it's kind of made sense for him. But, if he really wanted to maximize the value of Shoretacher, it would just ads in a venture fund for sure. Anyway, moving on. So go and figure out how you can squeeze more money out of your best customers because they have
Speaker 2:do it in a way that's aligned. Nobody nobody spending the $20 at Disney is is unhappy that they're spending that money. They're getting a great experience out of it.
Speaker 1:Yeah. So let's move on to it's the holiday season. Everyone's thinking about what gifts to get for their loved ones, their friends, their colleagues, and we're gonna do a bit of a gift guide. We've we've talked about the information's gift guide before. It was an absolute disaster.
Speaker 1:I don't think they had a single item on that list that was over $1,000. Disaster. You're gonna need a little bit bigger budget to follow along today, but there should be a lot of interesting items and there'll be interesting selections in
Speaker 2:this area. In here.
Speaker 1:There really is. There really is. So we're gonna run through a few different archetypes that might, match, folks in your life and give you some some guides for, what type of gifts you should be putting under the Christmas tree this year. Let's start with the absolute size lord, the billionaire, the deca billionaire. You're shopping for the man who truly has everything.
Speaker 1:What do you get then? Hard to shop for. Hard to shop for. I say we start with cars, and I think you gotta go McLaren f one.
Speaker 2:How can you not?
Speaker 1:It's gonna be a $20,000,000 car, but it has incredible history both in the automotive world and in the tech world.
Speaker 2:Yeah. And it's something that it's something that someone can appreciate even at whether they're into cars or not. Right? Yeah. You don't need too much time to explain the significance of the McLaren f one Gordan.
Speaker 2:Somebody is is getting really, really interested in in
Speaker 1:And as soon as you sit in that middle seat, it's not left hand drive. It's not right hand drive. It's center drive. Center drive. The best part, you can take 2 friends for a ride because it seats 3 in the front seat.
Speaker 2:Yeah. And it's and it's funny because I I wish more did you ever, we had an we had an old, like, you know, like, country farm truck growing up that had 3 in the front. And so my best memories are with my dad driving, you know, me or my little brother in the middle seat Yep. And then, the the right seat. And, we need to bring back car.
Speaker 2:I think it's really dangerous. Yeah. I think it's why they probably killed it. But,
Speaker 1:they're they actually are bringing it back. Hyundai is releasing a new Palisade that has 9 seats.
Speaker 2:Hun Hyundai is cooking right now.
Speaker 1:Cooking. Absolutely.
Speaker 2:They they basically ripped off the, the Range Rover Yep. With the Yeah. They did. The new Palisade. Like, they're just like It
Speaker 1:looks so good.
Speaker 2:It's ours this is our silhouette now.
Speaker 1:Yeah. Exactly. And And the
Speaker 2:interior, we're gonna take all your colors Yep. And and textures and images.
Speaker 1:It's because, in in Korea, if you have a 9 passenger vehicle or more, you can use a bus lane. No way. And so they were like, let's just put 9.
Speaker 2:But do you have to have 9?
Speaker 1:I don't know if you need to have 9 in there. You just need to have 9 seats. I think you just need to have 9 seats. And so they're just, like, checking the bus so you can just take take it anyway.
Speaker 2:That's incredible.
Speaker 1:And then and then they were like, yeah. Well, let's just sell this in America. So it has the bench seat in the middle, and you can just pull it up. So, yeah, if you're if you're shopping for the size lord, get them a McLaren f one, and then, of course, we have to get them a watch, and we highly, highly recommend picking up a Graff Diamonds hallucination. Yep.
Speaker 1:For $55,000,000, it's the ultimate in jeweled watches over a 110 carats of rare colored diamonds. It's true.
Speaker 2:Context, I think a lot of people that listen to the show follow us on x as well, and this was the watch that we recommended, Mark Andreessen actually get 8 of if he's gonna follow the 2% rule.
Speaker 1:They only made 1, but you only made 1. But you can this
Speaker 2:is a kind of piece that you can commission. Like, it's not a it's not really the kind of thing you walk in off the street and say, hey. Can I get a Graff Diamonds hallucination?
Speaker 1:You know the funniest thing about hallucination? It's a quartz watch. Really? Yeah. It's not mechanical.
Speaker 2:Wow.
Speaker 1:Yeah. You gotta, like, I gotta change the battery on my $55,000,000 watch. It's great. It's a good it's a good reminder that you have
Speaker 2:a $55,000,000 watch, though. Exactly.
Speaker 1:Every once
Speaker 2:in a while, you wanna be like, oh, yeah.
Speaker 1:Gotta change the battery. Okay. Let's move on to guns, which is obviously something you'll be gifting to loved ones this year. And for the absolute size lord, the giga chad, the deca billionaire, we're going with the Cabot Guns meteorite 1911 pistols. They're maybe 4 and a half $1,000,000 for the pair, but I have some copy for here, and it's fantastic.
Speaker 1:The timeless design of the 1911, the ageless significance of interstellar materials, the innovative techniques of an all American gun company, a trinity of circumstance fused together into the perfect embodiment of a transcendent vision. After 1,000,000,000 of years of travel, a meteorite hurtled to earth in Namibia during earth's prehistoric times. Unknown to Western civilization until the early 1800, pieces were used by the ancient Nahma people in the construction of tools and weapons. In 2015, its destiny not yet fulfilled, the hands of Cabot Gun's master craftsman wrapped around a 77 pound piece of unshapen metal, and so began a transformation. We too, like the men of yore, saw in it the potential to shape earthly perfection from materials from the cosmos.
Speaker 1:What a fantastic what a fantastic marketing language.
Speaker 2:I, this reminds me a while back, I was looking into I wanted to get I wanted to get a 1911, with, with a with a trigger made out of shark tooth.
Speaker 1:Oh, that's great.
Speaker 2:Like, basically, which is totally possible. Yeah. Totally. It's not, it's certainly not easy, but, in the world of high end custom firearms manufacturing, which I happen to have a little bit of experience in, anything is possible.
Speaker 1:So I think that's really gonna stand out if you get them the meteorite pistols.
Speaker 2:Yeah. The meteorite, can't go wrong with meteorite pretty much anything.
Speaker 1:Okay. Then That's a great option. We gotta move on to vacations, for the for the size lord. What are we getting them for a vacation? We recommend a box at every Formula 1 race.
Speaker 1:This is gonna run you 3 to $5,000,000, but they're gonna be able to enjoy it for not just 1 month, but basically the entire year.
Speaker 2:Not just 1 month. Be able to go almost go a single month without thinking about you Exactly. Which is the goal. Right? If you're if you're buying something for a beaner, you wanna be top of mind, whether it's just a friend Yep.
Speaker 2:Or you have some type of business relationship with them or, or if you're another BeanAir and you're and you're actually competing kind of PVP to try to accumulate the most assets Yes. Getting your rival BeanAir box seats for
Speaker 1:every f
Speaker 2:one of them is such a good way to distract them.
Speaker 1:Exactly.
Speaker 2:Not to mention, you know, I think some a gift like this is great. You know, most of our Bean Air friends are not gonna be going to every single race. Like, f one can get boring. Right? It's definitely especially if Verstappen, you know, continues his tear.
Speaker 2:And, but it's a kind of thing you can as a can regift it, they can say to their, you know, second or third cousin, hey. Do you want this? I can't make it. Yeah. Like, I'll be the boss of the jet.
Speaker 1:50 people sometimes. Yep. You know, they can bring all their friends, and they're reminding, they're they're reminded of you. It's kind of like getting someone like an old magazine subscription. Every time it shows up, they're like, oh, yeah.
Speaker 1:I'm still enjoying that present. The the Graff Diamonds hallucination might still be just sitting in a jewelry case somewhere.
Speaker 2:Yep.
Speaker 1:The McLaren f one might be wrapped in a garage somewhere, but those f one tickets are gonna keep coming up, coming up, and they're gonna be on the circuit, and they're gonna thank you. So Yeah. Pick it up. And then, of course, you have to get someone a horse. And so for the size lord, we recommend a thoroughbred racehorse, Ideally, derived from the Fusace Pegasus line, the 2000 Kentucky Derby winner.
Speaker 1:It's one of the most expensive stallion deals ever. The bloodline was syndicated for 60 to $70,000,000 in 2,000. So, just really top tier racing bloodline, and I think that's something that they could really enjoy. And they'd love to have a horse under the Christmas tree. Yeah.
Speaker 2:It's a trophy. It's a trophy horse.
Speaker 1:Yeah. Exactly. Exactly.
Speaker 2:Everybody should have 1, at least 1. And, it's just it's a conversation starter. Yeah. If you're having somebody by your property.
Speaker 1:Let's do AmericanDynamist next, and then we'll move on to one of yours. So for the AmericanDynamist, the, the capital allocator who's focused on, making America great again, we are focused on American products, things that speak to revitalization, reindustrialization, America manufacturing, hard tech.
Speaker 2:Yep.
Speaker 1:And so for the American dynamist, we recommend a m 134 minuteigun by Dylan Aero. That's gonna run you 200 to 300 k. They're pretty rare on the civilian market, but it's an electrically driven, 7.62 millimeter rotary machine gun. It's iconic and extremely rare, due to NFA regulations, but you've seen it in movies. You know?
Speaker 1:Arnold Schwarzenegger carries
Speaker 2:it in a caught.
Speaker 1:Yep. Yeah. Exactly. The minigun is iconic, and it'll look great mounted on the back wall while they're taking Zoom calls. Every defense founder will say, hey.
Speaker 1:This investor has a minigun. They take American dynamism seriously.
Speaker 2:Yep.
Speaker 1:And I want their check. I want them in my round. Yeah.
Speaker 2:And it looks I mean, it would look fantastic on a Cybertruck if if if if your Yep. Buddy buys a Cybertruck as sort of a novelty thing to add to that novelty having a mini gun strapped to it. Yeah. And maybe you'd maybe you, you know, work with, someone like Allen Control Systems to make it fully autonomous.
Speaker 1:That'd be fantastic. Yeah. So let's move on to cars for the American dynamist. The Cybertruck's a great one. Yeah.
Speaker 1:I'm also extremely bullish on the Tesla Roadster 2nd generation. You get them Yep. The allocation now. I think it's gonna happen. It's been way delayed, but Elon is on top of the world.
Speaker 1:The stock's ripping. He knows where the regulation is going. I think he's gonna get it done, and I think those will be delivered pretty soon. So that's the
Speaker 2:one. Come on, though, John.
Speaker 1:Yeah. What else do
Speaker 2:you have? How how can we not go with the Ford GT on this one? It's great. If I'm if I'm gonna take an an AD, capital allocator very seriously, them pulling up and, you know, I want something I want them pulling up in something Yeah. Culturally significant.
Speaker 2:Right? And and, 4 g t is not a not a perfect car by any means. You know, there's a bunch of ways you could sort of poke holes in it, but, history at Yeah. History at Le Mans. Yeah.
Speaker 2:Just the silhouette is silhouette. There's a whole lot
Speaker 1:about this history. It's fantastic.
Speaker 2:The silhouette is unbeatable. Like, it is a fantastic it feels American, but it it it almost feels like a Lambert a cousin of Lamborghini. And if you are let's say you've got a portfolio founder that's, running hot, they're doing well, you you think they're gonna get you a nice markup
Speaker 1:Yep.
Speaker 2:Taking them to the airport in your Ford GT or picking them up is a great way to make a statement and say, hey. When you're raising your next round, make sure I get my pro rata, super pro rata, and ideally get a chance to lead that next round.
Speaker 1:Yep.
Speaker 2:And that's a a GT is a good way to stick in that founder's head.
Speaker 1:And they often come with not necessarily a pre rapid delivery. And so that livery, I think it just kind of opens up the world of customizing a little bit more. You know, the classic is the blue stripe, but you could throw a red, white, and blue livery on there, and it wouldn't look tacky
Speaker 2:on
Speaker 1:a 4 g t because you're used to seeing some stripes. You're used to seeing a little bit of a design on there.
Speaker 2:Or if if Catherine Boyle is driving it, maybe an orange a white with an orange, you know, stripe down the center would be cool.
Speaker 1:Be very cool. Or just throw, an eagle decal right on the front like it's an old Ford Mustang.
Speaker 2:Yep.
Speaker 1:That's fantastic too.
Speaker 2:Yeah. Let's
Speaker 1:move on to watches. We gotta keep it in America. This is tough for watches. A lot of Swiss a lot of Swiss watch watches out
Speaker 2:there. Dominance.
Speaker 1:If you're going American, you're gonna wanna stick to RGM and get the Pennsylvania Series Tourbillon. It's gonna run you a 100 k, very limited annual production, but it's, one of the greatest American made watches out there. Their movement's built in house, and, it's just an amazing example of of American craftsmanship. And I really do believe that if you care about a manu American manufacturing, you can't
Speaker 2:just toss money where your mouth
Speaker 1:is. Exactly. Like, if we start pouring money into RGM, they will catch up eventually.
Speaker 2:Yep.
Speaker 1:Like, the market is a weighing machine over time.
Speaker 2:Yeah.
Speaker 1:And so, we talked about
Speaker 2:this on the show a lot. Yep. You can't just rely on the government to stimulate the economy. It's on every single one of our listeners, every single American to find to to stimulate the economy in a way to to bet on the future that they want. Right?
Speaker 1:And then for vacation, for the American dynamist, what's the most American vacation you could possibly do? We mentioned it earlier. It's the Disneyland park buyout. It's gonna run you a couple $1,000,000, but you get a 1 night private event at Disneyland in Anaheim or Disney World in Orlando, and you get the entire theme park reserved reserved for you and guests after hours. No lines, personalized shows, fireworks, character meets, and unlimited rides.
Speaker 2:2nd, 2nd on the list here, deserves an honorary mention would be heli skiing in the remote Alaskan wilderness.
Speaker 1:Yeah. For the more athletic.
Speaker 2:1 to 2 weeks, a 100 to 200 k, private helicopter, untouched powder, luxury, base camps, gourmet meals Yep. Avalanche certified guides And
Speaker 1:you're keeping it in America.
Speaker 2:Extreme, you know, exotic skiing while staying American.
Speaker 1:Exactly. I love it.
Speaker 2:And it's just a good reminder of, like, this place is ours. Right? Exactly. That's what that's for. Be.
Speaker 2:Right? Yep. Russia almost had a
Speaker 1:Could be Russian. Could be Canadian. But we have it. You gotta go explore it.
Speaker 2:And, it's gonna be a great story. Forward to doing our first live show in Alaska.
Speaker 1:I've been. It's fantastic.
Speaker 2:The the Alaskan fans are crazy.
Speaker 1:I'm extremely bullish on Alaska. I love Alaska.
Speaker 2:Always, sending DMs and offering to send down, fish and and things like that. So
Speaker 1:Okay. So let's wrap up with the with the VCs for a minute and move on to the seed stage founder. Jordy, what do you got for me?
Speaker 2:Oh, man. This was hard. Seed stage founder, know, maybe you're maybe you're pulling in 80, 100 k a year. You you're pretty oriented around the work, you know, not less time on the road, more capital constrained. You know, if you give somebody a McLaren f one, it's it's and they don't have the the the income or the the net worth to to sort of support it
Speaker 1:Yep.
Speaker 2:That's kind of like cursing them in a way. Right? It might cost you a few $100 a year just to maintain
Speaker 1:Yep.
Speaker 2:Properly. But, so, yeah, we'll go down the list for for a gun. I'd say, you know, most of the siege founders I know, they do have glocks. They're pretty much a stock clock. It's a $600 gun.
Speaker 1:Sure.
Speaker 2:Get them. Have them take that glock down to Arly arms Sure. And, upgrade every single element of it. Strip out all the internals, externals, and just and really sort of upgrade it. Arly is sort of like the Brabus or the AMG of firearms.
Speaker 2:And so you can turn that base clock into something that's really significant, meaningful. They can customize the exterior, you know, customize the grip, all that kind of thing. So that's an easy one. A few $1,000 can really turn that into a special piece for them. For watches, I would go with the, I'd go with a Cartier Santos.
Speaker 2:It's like, you know, this this watch is something that I feel like it gets a lot of hate, but it has like this this great I I love the Santos. It's got great, it's got great legacy from from the from the aviation world. It, it it's not like it's not like a new watch. Right? It's been around for decades decades and decades.
Speaker 1:It's not just not a new watch. It was the first watch.
Speaker 2:The first watch. Louis Cartier. That is right. That is right.
Speaker 1:Louis Cartier was contacted by a pilot, Santos. I don't remember the full name, but, he was using a pocket watch while he was flying and said it was very difficult to take the pocket watch out to measure his time and
Speaker 2:What if you could have it
Speaker 1:on the wrist?
Speaker 2:What if
Speaker 1:you could have it on a wrist? And Louis Cartier made the first watch and named it after him, the Cartier Santos. Also worn by Gordon Gekko in Wall Street in in a beautiful gold.
Speaker 2:Fantastic watch. It's beaut it's it's, beautiful. Comes in a variety of different sizes regardless. You know, even if you're in a £1,000 club, you can still get on your wrist. And, yeah, it's not gonna be so much more than, 2 weeks of your salary that other people would say, like, why is this guy wearing this watch?
Speaker 1:Right? Yeah.
Speaker 2:So not gonna put him in it and make him look gaudy or anything like that. For cars, this one is a very personal choice for me, but I think it's the right choice. The first sports car I ever purchased was a 997-911. I bought it for $32,000 on Bring A Trailer. Felt like I stole it, and, put put easily more than 10,000 miles on it in the 1st year that I owned it.
Speaker 2:Did not have a single issue with it. It's cost me, like, literally under $1,000 in maintenance, gave me 1,000,000 of dollars of enjoyment. Yeah. It was just, like, one of one of the best cars I've ever owned. And, so this is a car that that looks you know, that's got some legacy to it.
Speaker 2:It it's timeless, and, it's gonna cost you less than a model y. Right? So Yep. Yep. Great choice for a seed
Speaker 1:switch factor. Upgrade that'll hold its value a little bit better, go Targa.
Speaker 2:Targa.
Speaker 1:The Targa is really holding their value.
Speaker 2:Yeah. Because even even the even the grindiest founders that I know Yep. They'll still take couple hours on Sunday to take a, you know, take a little drive up to
Speaker 1:the top. Top off.
Speaker 2:Pop the top. Yeah. And, so anyways, for vacation
Speaker 1:Yeah. What do you do?
Speaker 2:This one's bold. I'm going, I'm going Eastern Europe.
Speaker 1:Okay.
Speaker 2:Great developers there. Sure. So if you have everybody on your team work play action. A little work play action. No.
Speaker 2:If you're a seed stage founder, you should never take a true vacation.
Speaker 1:Sure. Sure.
Speaker 2:Do not go off do not go offline. Yep. If you're burning out, it's because you your product's not working.
Speaker 1:And you're not doing your life's work.
Speaker 2:And you're not doing your life's work. It's not you don't need a vacation to fix that. So go to go to Eastern Europe, great food, wine, views, everything, and, meet, you know, meet some hire some new developers or or or hang out with your some existing ones, and just avoid Western Europe.
Speaker 1:That's good.
Speaker 2:And, of course, this one's gonna be bold. So we have been some recommending some eventing horses, some racehorses, generally thoroughbreds. But, for the seed stage founder, I'd go with a mini horse. And the reason for that is I think you could really get some, yield out of it. Mhmm.
Speaker 2:It it's not you could you could sort of keep them in the second bedroom of your apartment if you needed to. But on the weekends, if you got, little younger cousins or siblings or anything like that, let them go. Rent it out to kids parties
Speaker 1:Yep.
Speaker 2:And you could earn some yield on it. So the food for that mini horse might cost you a a few $100 a month, but I think you could get a few $100 per party, to rent out that mini horse. Totally. And, and so, anyway, some some potential yield there.
Speaker 1:And you can make it. You can make the company's mascot. There's a famous story about the hedgehog at Facebook, Sean Clark. Come on. Let me give you the hedgehog.
Speaker 2:Your mascot during the weeks, and on the weekends, it's working.
Speaker 1:You could probably go viral with that on x. You post, oh, yeah. Grinding with the mini horse today. Mini Just developer next to the mini horse. That's gonna get engagement based from everyone.
Speaker 2:Yeah. Yeah. Yeah.
Speaker 1:That's great. So Okay. I love it.
Speaker 2:Marketing value and then some yield help pay off your ramp bill at the end of the month. That brings me to my wild card gift. This is an easy one. There's no excuse not to get this for the seed stage founder in your life. Set them up.
Speaker 2:You know, write them a nice card. Yep. In the card, it's the phone number of your favorite SDR. I love it. It just says give them a call.
Speaker 2:I already told them you're gonna call. Yep. They will take care of you.
Speaker 1:Yep. Yes, sir.
Speaker 2:Set up on ramp. It's painless. It takes a few minutes, and companies on average save 5% a year. So that was an easy one to add in there. I love it.
Speaker 1:Okay. Let's go back to me. I got 2, and then we'll go back to you. We're going for the for the up and coming general partner at a venture capital firm. Probably not a liquid billionaire yet, but has probably driven maybe $1,000,000,000 in returns for the fund.
Speaker 2:I would hope
Speaker 1:so. And so, you know, this is a person with taste. They need to move up in the upper echelon of class and style, and they need to let people know that they've arrived. But Yep. You're not gonna be breaking the bank like you would with the decabillionaire size lord.
Speaker 2:Yep.
Speaker 1:So for gun, we're starting with the Magnum Research Gold Plated Desert Eagle 5 point o
Speaker 2:Great.
Speaker 1:A e. Great conversation starter. So under 10 k, potentially. And, yeah, it's iconic. You can still carry it in a board meeting, which I think is important.
Speaker 1:There needs to be a threat of violence in board meetings. We've discussed this. Yeah. You need to know, oh, you think we should pull forward our sales targets? Are you willing to die for that?
Speaker 2:Right.
Speaker 1:Are you are you willing to put everything on the line for what And
Speaker 2:we've you're saying, or are you just are you just saying
Speaker 1:same thing.
Speaker 2:Your board meeting should look like, at at least once a year, like an all out brawl.
Speaker 1:Exactly. Exactly.
Speaker 2:And almost having, you know, if if every board member has a firearm on them, it can Yep. It can kind of keep people more productive because there's this Yeah. Yeah, this threat of violence beyond just, you know, throwing blows.
Speaker 1:And if you're a founder and you walk into a board meeting, and, you know, in your suit, you got a holster, there's a gun, and one of your board members says something, it's just like, oh, so you don't respect the constitution? Like, what are we doing here?
Speaker 2:Yeah. Yeah. Yeah.
Speaker 1:What are we doing here?
Speaker 2:Ask him to step down.
Speaker 1:Yeah. So, I think that's a great choice for the up and coming GP. For the car, we're gonna wanna go with the Rolls Royce Cullinan black badge. Old Yep. Very versatile car.
Speaker 1:Great for driving around even even the whole founding team. Yep. So you can pick them up, take them to the Rosewood, write a term sheet, you know, show them the ropes, introduce them to Silicon Valley, and still do it in comfort. And it's not gonna be loud in there, so you'll be able to have a conversation about the business.
Speaker 2:Yeah. It's a good car too if you do you know, if it's it's fun to drive yourself, but when you your driver's around, they can drive it. You can send it back. Yep. And, Yeah.
Speaker 2:It's hard hard to go hard to go wrong with that.
Speaker 1:And then if you need an if you need a sports car, which you probably do, maybe get this up and coming GP, Porsche GT 3 RS or maybe a Dakar?
Speaker 2:I would go with the Dakar. K. It's gonna
Speaker 1:stand out more in Sand Hill Road.
Speaker 2:Yeah. And and and Northern California has always had that sort of rugged outdoorsy element to it. You know, a lot of boats are about
Speaker 1:as a car.
Speaker 2:As a car. Exactly. Yep. And so, yeah, it's the kinda thing you can drive it up to Tahoe.
Speaker 1:Yeah. I go to Tahoe.
Speaker 2:Yeah. Yeah. Yeah. You know,
Speaker 1:as soon as I pull
Speaker 2:up the baton.
Speaker 1:Yep.
Speaker 2:Or you can take it hiking, you know, go up go up to TAM and and take a take a little loop.
Speaker 1:Snow this week in Tahoe? I'm not worried.
Speaker 2:Not worried. I got my recall. Yep.
Speaker 1:Yeah. That's great. Now for watches, there's a couple different options. Obviously, the Patek Philippe Nautilus, 5726, Great watch. Definitely, recommend it to any up and coming GPs.
Speaker 1:Highly recommend gifting that. You're not gonna get negative feedback on a gift like that. It's just gonna be received really, really well. But if you wanna mix it up, get them the Rolex Daytona 6239, Paul Newman.
Speaker 2:Can I tell you why I like that picture, John?
Speaker 1:Why do you like that?
Speaker 2:So, Daytona just by itself is a is a high production watch. Right? It's coming out all the time. Yep. And so, you know, you can pick up a Daytona for, let's call it, 25, 30 grand.
Speaker 1:It is at the higher end of Rolex's lineup. Right?
Speaker 2:Well, will they retail for something like I I forget what their actual retail price, somewhere between $1215,000. So the retail price is low. Mhmm. Market value for for a basic, Daytona is somewhere around $30,000. And so the the reason that the Paul Newman Daytona is so great is to the untrained eye, it's just a regular Daytona.
Speaker 2:It's like, oh, but depending on the room that you're in, you can say, nope. Yep. This is a Paul Newman Daytona. Yeah.
Speaker 1:So it's one watch for founders, and it's a different watch for LPs.
Speaker 2:Exactly.
Speaker 1:Exactly. So you you're at YC demo day. Everyone's, oh, he's just got a Rolex on. He's just a normal Yeah.
Speaker 2:It's an everyday Rolex.
Speaker 1:Allocator. You go to LP Day. Everyone's like, this guy knows what's up.
Speaker 2:Yep.
Speaker 1:Makes a ton of sense.
Speaker 2:You can wear that thing anywhere.
Speaker 1:Now let's go to vacations. What are we getting for the for the up and coming GP, the Rising Star Adventure? I say we go to Antarctica, and we take a luxury icebreaker adventure.
Speaker 2:That is something that will be good on the gram. Yep. That will be something that'll be good in the boardroom. Yep. When you're when you're having a Zoom call into a board meeting
Speaker 1:Starlink.
Speaker 2:You can say, yeah. Sorry, guys. If if you if there's any noise in the background,
Speaker 1:it's the ice breaking
Speaker 2:from my luxury ice breaking, adventure boat.
Speaker 1:Little controversial. I don't know if their people are cool with breaking ice these days. Isn't that, like, kinda anti environmentalist?
Speaker 2:Is it? It
Speaker 1:might be edgy. I think it'll I think it'll work for you. Sounds fun.
Speaker 2:Yeah. Yeah. And just the noise it's almost like a symphony of ice.
Speaker 1:Yep.
Speaker 2:We're big fans of Yep. Of of of the symphony in general.
Speaker 1:And then if the GP in your life isn't doesn't like the cold, we recommend switching it up, going to Egypt, and doing a private archaeological dig.
Speaker 2:Yep. You
Speaker 1:get some exclusive permits to historical sites. You work along the Egyptologists. Maybe take private Nile riverboat, luxury desert camp, curated museum visits, a week or 2 in Egypt. It's great. It's not gonna break the the bank.
Speaker 1:It's only
Speaker 2:2 and a half. The GPs, like, they're probably you know, they've they've chosen the venture path because they're degenerate gamblers. Maybe they don't go to they don't do it in Vegas or sports betting, but but venture in many ways is gambling. And so the great thing about an archaeological dig is that you might dig up something worth well beyond what you paid to go on the trip, so you could almost position it as an investment. Right?
Speaker 1:Yeah. Yeah. And then for horse, it's a little bit trickier. You could go with a Lusitano. You could do something dressage, which is a little bit outside of the norm.
Speaker 1:You could also just go with thoroughbred, maybe a stout prospect, maybe some, just mediocre stud fees. Don't put the bank, something that they can still enjoy at the track every once in a while, but, it doesn't become their whole life.
Speaker 2:I wouldn't be that mad at going the Arabian route. Either depending on where your LP base is, that might be more of a just might be more aligned with where you're gonna wanna take that horse.
Speaker 1:Yeah. It also depends on what their lifestyle's like. Maybe they're building a ranch. Maybe they're maybe you wanna get a quarter horse, something like that. There there are there are plenty of great options, but, don't don't miss out on getting them a horse because, you don't wanna be caught.
Speaker 2:A horse much like getting them, you know, year round tickets, box, boxes to f one. It's something that they're gonna be with Learned of. Years years years and and have, you know, many, many memories with. So
Speaker 1:Yeah. So, I have one more, and then we'll finish out with yours. We have, for the cryptomillionaire, for the cryptoscenty, for someone who's done very well in crypto, what do you wanna get them? It's gonna be a little bit wilder. They're the absolute most common
Speaker 2:We're going off off chain with this one. Yeah. We're going
Speaker 1:off chain. So for the gun, I'm going CheyTac M200 Intervention. It's the 4 6 caliber sniper anti material. You can take down take down a SUV or a Toyota Hilux with it. Wow.
Speaker 1:It is over the top. It's gonna look great on the Instagram, great on TikTok. It's gonna be, iconic. A lot of these folks are anonymous, so you're just gonna see some hands in the photo. But it's gonna you're gonna know when you see this gun that, that they mean business.
Speaker 2:Statement.
Speaker 1:It's a statement piece for sure for sure. And then in terms of cars, with crypto, it's super important to stay in the Lambo ecosystem, obviously. But Huracan played out, and then we don't really know how the new, how the new, Lamborghini lineup is going to age. Yeah. And they also haven't released the limited editions yet.
Speaker 1:So instead of, going upmarket, I say go back, get the Aventador SVJ
Speaker 2:Yep.
Speaker 1:Or maybe even go back further, Countach.
Speaker 2:Yep. The SVJ is such a is such a fantastic car. I do know, one of one of Solana's earliest investors is a proud owner of an SVJ. Yeah. He doesn't he doesn't post about it online.
Speaker 2:I wish he did. And, they're just not making any more of those. It's one of the last pure purebred Lamborghini v twelves. Yeah. And it doesn't have it doesn't have any hybrid junk in it.
Speaker 2:It's just a pure play, naturally aspirated v twelve.
Speaker 1:And so in the last cycle, you know, every crypto bro had a wrapped Huracan. This one is gonna be the Temerario.
Speaker 2:Yep.
Speaker 1:But if you go back, get the Aventador SVJ, you still people still know this guy made his money in crypto because it's Lambo. That's the that's what the brand's known for now. But this guy made money even earlier. Yeah. Stands out.
Speaker 1:So I like that. And the Countach, it's a little diff it's a little difficult to drive. So Yeah. Yeah. Yeah.
Speaker 1:Stick with the,
Speaker 2:stick with the Not a good.
Speaker 1:Not a good. The event store SPJ. Keep it simple, folks. And then for watch, of course, we're going Richard Mille, the r m 0 056, sapphire tourbillon.
Speaker 2:A racing machine on the wrist.
Speaker 1:A racing machine on the wrist. It's a $2,000,000 watch, but it has a fully transparent sapphire case housing complex tourbillon movement, avant garde materials and design. Can't go wrong. I mean, it's so flashy, but it's exactly what you need if you made your money in crypto. You're gonna have NFTs.
Speaker 1:They're gonna be over the top. You need something on your wrist that you can display. The RM is
Speaker 2:The only thing I would say with all these choices is do your best to try to buy the asset on chain.
Speaker 1:Yes. Yes. Definitely.
Speaker 2:You can still take custody of it, but it'll it'll mean a lot to that Yep. Person who's made, you know, made their livelihood in crypto that you went the extra mile for it to be a real world asset. You know, you bought it on chain.
Speaker 1:Yep.
Speaker 2:You know, it it's just it's a really way to say, you know, crypto's real. Yep. And, it's it's very valuable beyond just speculation. I used it to buy this
Speaker 1:gift for you. Exactly. And then for vacation for the crypto, the crypto Chad, we go to the Caribbean super yacht Regatta. You charter a cutting edge super yacht, and you race along famous alongside famous Regattas, personally personal sailing coaches, private island stops, lavish onboard entertainment. What could be more crypto than getting offshore with your money?
Speaker 2:There we go.
Speaker 1:And for horse, this is gonna be a wild pick. I say you go draft horse.
Speaker 2:Woah.
Speaker 1:Clydesdale, bit of a meme. Oh, wow. Meme horse.
Speaker 2:But it could be if you were launching, like, a new l two, you could make it a mascot.
Speaker 1:Exactly. It's big. It's robust. It's from the Budweiser commercials. It's not actually an American horse.
Speaker 1:Scottish. It's it's hilarious. Anyone who is big, say, oh, you need a Clydesdale. Complete myth. Yeah.
Speaker 1:Unless you're £5,000, you can ride a normal horse. But the Clydesdale stands out. So that's my recommendation for
Speaker 2:the crypto brand. Great, Rex. And, look, we get to end with probably our favorite category. So, the last category is technology journalists. And how do you shop for somebody like this?
Speaker 2:I mean, they are opinionated. They're in the they're in they're highly online. They know what they want in life, and they're going for it. Right? Yeah.
Speaker 2:And, you know
Speaker 1:And they usually come from fabulous wealth.
Speaker 2:They come from fabulous wealth. So it's like, how do you get them something that they don't already have? But, but anyway, so we're we're gonna try to keep it sort of reasonable. Our goal with these gifts are things that they would buy for themselves, you know, as well. Right?
Speaker 2:So it's it's sort of staying in line. You wanna get something that maybe they had their eye on or would have had their eye on. So, right at starting at the top, for gun, I'm gonna go with, a little bit, this might be a controversial decision, but I'm gonna go for a taser Okay. Off of Amazon Prime. Yeah.
Speaker 2:So you can go If you don't know this, you can go buy a taser on Amazon. And the reason I go with Taylor taser is a lot of journalists historically Taylor? Taylor. Is that a Freudian?
Speaker 1:Yeah. That's Freudian. Taser Lorenz. Taser Lorenz. She tases me for talking to a shit.
Speaker 1:It's funny.
Speaker 2:But but, yeah, journalists have have, at least, you know, generally been been sort of against the second amendment. Yeah. And so you don't wanna get them a a regular gun and and have them get offended by that. So I'd I'd go with the taser. They can daily drive it.
Speaker 2:They can bring it in any situation they want. They can keep it in their their purse, backpack, briefcase, just right in their their belt, but very versatile and gets the job done in a pinch situation. For watch, I'm gonna go with, this is the only time I'm gonna ever recommend somebody get an Apple Watch, but I'm gonna go recommend an Apple Watch with an Hermes, leather strap. Mhmm. And the reason for this is the Apple Watch is great.
Speaker 2:These these people are hyper online. Yep. They're they're getting scoops. They're getting tips. They need that on risk notification.
Speaker 2:And, but because journalists so often come from fabulous wealth, they're gonna wanna stress it up a little bit and get an Hermes, leather band. So, I think I think it's a great option for journalists. For a car, I would, for the journalists in my life, I would, prepay a Maserati lease for them. Again, people grow up around money, going to private schools, you know, being driven around by private drivers and expensive cars. And so, a Maserati is a is a luxury vehicle, but it's somewhat accessible.
Speaker 2:It's it's you know, you could probably get a a 1 year Maserati lease for them for, like, 25 k or
Speaker 1:something like that. Like a Pajaporte? Something like that?
Speaker 2:Yeah. I mean, honestly, the whole range, it's hard to lease a Maserati for more than $1,000 a month. Yeah. And so you're not really gonna go wrong with with something like that. And it still gives you know, the car is gonna break down dramatically over that year, but they still get the experience of of feeling like they're in a fine Yep.
Speaker 2:Italians, you know, sports car elevated sports car. Vacation, this isn't gonna surprise anybody. Get them a a round trip, tickets to Idaho k. So they can just kinda poke around
Speaker 1:Sun Valley Yeah.
Speaker 2:And just kinda sit around the edges Yeah. And kind of just kind of observe and and try to get pick up some scoops and tips on the fly. And get a business class seats. Right? Like, it it's for for them,
Speaker 1:Yeah.
Speaker 2:They're used to flying, just regular old economy, a business class ticket to Idaho.
Speaker 1:Unless they're with their family, of course.
Speaker 2:Unless they're with their family in that place, they're certainly not flying commercial. And then, on the
Speaker 1:What what you could pair with that while they're going to Sun Valley, you get them a Canon 5 d and a 70 to 200 lens so they can take some They're gonna need
Speaker 2:a lot of zoom. They're gonna need a lot of zoom. So, yeah, telephoto lens. Lens. The lens should be, like, at least
Speaker 1:Yeah. Exactly. And, and a one thing
Speaker 2:another reason to go business class because they can they should have the ability to check that without an extra charge. If you're getting somebody a gift, you don't want them to have to spend a bunch of money out of pocket to experience it.
Speaker 1:Yeah.
Speaker 2:So the horse, again, this is not gonna be surprising. A lot of a lot of, a lot of technology journalists had a prior life as as horse girls. And
Speaker 1:so Well, when you come from money, I mean, everyone in the family is in the equestrian.
Speaker 2:Yeah. And when you come when you come from that level of wealth, it's just sort of a given, but I'm gonna go with an eventing. Alright. We're gonna use we're gonna take a break. No.
Speaker 2:When you come when you come from that, sort of background, I'd go with a top level background, I'd go with a top level eventing Hanoverian. It's 75 up to $200,000 plus horse. It's exceptionally versatile across dressage, show jumping, and cross country. And, yeah, the top bloodlines in this category are dominating all the international eventing, podiums.
Speaker 1:And they can kinda take it wherever they want. They can do dressage. They can do jumping. It kinda Yeah. Yeah.
Speaker 1:It's an open book for them.
Speaker 2:It's versatile. That
Speaker 1:makes sense.
Speaker 2:Yeah. And then, lastly, you know, if said technology journalist is not already working at The Information or newcomer, I would get them subscriptions to both so that when newcomer and The Information get scoops, they can just quickly repurpose them and get them out Yep. So that they can stay, get get kind of the Yeah.
Speaker 1:A gift for their career.
Speaker 2:Yeah. Yeah. Yeah. So that's a way to level up and stay on top of the stories that matter. So Makes sense.
Speaker 2:Wow. We did it.
Speaker 1:Yep. The last wild card that I would throw in before we close out is, maybe you're strapped for cash, maybe you're not going material goods. If you are shopping for anyone on this list, just get them a guy. You know, everyone has a guy, guy for real estate, guy for lawyer, guy for antichrist. Get just take your guy, give it to your friend.
Speaker 1:Just be like, here's my guy. Anybody next to me? Put him in a group chat. Let him let him run wild. Yep.
Speaker 1:That's great. Well, we gotta move on to some personnel news because we got some breaking news from the heart of America's industrial revival, NAIA. The new American Industrial Alliance has officially launched. This isn't just an announcement. It's a call to action.
Speaker 1:NAIA is bringing together founders, investors, and policymakers to restore America's industrial might and to reestablish our nation as a global powerhouse. Jordy, what you got for me?
Speaker 2:Here's the deal, John. For decades, American industry has been on the ropes. Jobs shipped overseas, resources untapped, and bad policies stifling innovation, but the NAIA is flipping the script. They're proving that deindustrialization was a choice and that reindustrialization can be too. They're but n a Say it again.
Speaker 2:But NAIA is flipping the script proving that deindustrialization was a choice and reindustrialization can be too.
Speaker 1:Well, it all started back in June with the with the inaugural reindustrialized summit in Detroit brought together hundreds of builders, investors, and government officials. That summit wasn't just a meeting. It was a movement, a rallying cry for American greatness. And today, that movement became a force with the launch of NAIA.
Speaker 2:NAIA is here to be the voice, visionary, and vanguard of America's industrial resurgence. What does that mean, John? Cutting red tape, incentivizing investment in critical industries, protecting American workers, and streamlining government contracting. Simply put, NAIA is doing what it takes to put American builders back to work and innovation back on the map.
Speaker 1:And this alliance is already stacked with heavy hitters. Members include Palantir, 8 VC, Y Combinator, Hadrian, Allen Control Systems, and many more. It's a roster packed with companies and investors who are betting big on America's future.
Speaker 2:Austin Bishop, the driving force behind NAIA summed it up perfectly. He said, John, it's time to build in America. It's time to reindustrialize.
Speaker 1:So what's next? Well, you can go follow NAIA on x and visit their website at new industrials.org. Whether you're a builder, an investor, or just someone who believes in the power of American industry, this is your chance to join the movement.
Speaker 2:NAIA isn't just about restoring what we've lost. It's about building what comes next. The future of American industry starts now. Let's get to work, John.
Speaker 1:Very exciting. Stay tuned. I love those guys. I did not get a chance to go to the reindustrialized summit. I was busy, but, I think I'm going to the next one.
Speaker 1:They I don't think they've announced it yet, but it was a huge hit. And, I was talking to one of the organizers when I was in DC, and it seems like it's gonna be,
Speaker 2:a big need to give I I think we need to give a talk about the posters driving reindustrialization.
Speaker 1:I like that.
Speaker 2:Yeah. Give a full market map of, of what's going on.
Speaker 1:I mean, I do think I I do think we could crush there in a sense that just, like, there's gonna be a lot of kind of, you know, default people talking their book. Like, what's investing like in this sector? What's the government strategy? What's the founding strategy? But then we cut across all that with some wild
Speaker 2:random stuff. Matters a lot. It does. It doesn't
Speaker 1:Yeah. The memes are powerful.
Speaker 2:Every every meme has a potential to convert somebody that would have gone and worked at
Speaker 1:Especially in college. Like, there are so many new grads who are super into the reindustrialization thing specifically because they've seen the That's cool. Phenomenon in the posting, and it it really is valuable.
Speaker 2:Yeah. I couldn't make it this last time. I, my second child decided to come Yeah. Same literally, like, within a week. Yeah.
Speaker 2:We were both in the same boat. Yeah. But, but we'll be there next year, and, very excited for for Aaron and Austin and the whole team over there.
Speaker 1:Yeah. They're great. Well, congrats to them. But we have more breaking news. Breaking news in the world of AI, folks.
Speaker 1:Devon has officially entered general availability. That's right. Cognition Labs has just announced that their cutting a cutting edge AI software engineer is now available to all engineering teams starting at just $500 a month. No seat limits, Slack integration, IDE extensions, and even API access. Devon's stepping onto the big stage, and it's already making waves.
Speaker 2:Let's break it down, John. Devon is more than just an AI. It's your newest team member. This tool isn't just helping engineers write code. It's debugging, building, deploying apps, and even knocking out small but pesky tasks like refactoring and documentation.
Speaker 2:Think of Devon as your all star utility player ready to step in wherever you need it most.
Speaker 1:So where does Devon really shine? Teams are already using it for everything from fixing front end bugs to drafting first pass pull requests. And here's the kicker, Devon works best when you give it tasks you know how to do yourself. Share detailed requirements and invest in coaching it along the way. It's not just automation, it's collaboration.
Speaker 2:The numbers don't lie, John. Devon has already proven its mettle, completing real world coding jobs, contributing to open source repositories, and even passing practical engineering interviews at top AI companies. From refactoring code bases to handling integrations, Devon is stepping up where humans might hesitate.
Speaker 1:Cognition Labs has made sure Devon integrates seamlessly with your workflow. Whether you're tagging Devon in Slack to squash bugs in real time or using its IDE extension to tackle bigger refractors, Devon's designed to save you time and keep your team focused on the big picture.
Speaker 2:We can't forget about the enterprise potential, John. Devon is already helping engineering teams at scale with custom solutions available through Cognition Labs sales team. You know I like talking to sales teams, John. I do believe it's secure cure to male loneliness.
Speaker 1:I love it. So what's the verdict? Devon isn't just a tool. It's a game changer. At $500 a month, it's a small price to pay for a massive boost in efficiency and productivity.
Speaker 1:Engineering teams, it's time to draft Devon to your lineup. Head to app.devin.ai and start building with the AI engineer of tomorrow, today. I love Devon. Did you know that Devon is now the number one committer of code at Ramp?
Speaker 2:Crazy.
Speaker 1:Amazing.
Speaker 2:If you're not if you know that and you're not bullish on Devon Yeah. What are you doing?
Speaker 1:Yeah. Fantastic team.
Speaker 2:Spun out of Ramp?
Speaker 1:Yeah. Spun out, spun out.
Speaker 2:Spun out of
Speaker 1:Neil was there. I think there was there was a bunch of other cofounders too, but, you know I would just say, like, a brainchild
Speaker 2:of, like, both. Yeah. Yeah.
Speaker 1:But fantastic team absolutely stacked with IMO gold medalists. They have an insane amount of, like, math and, just next level engineering talent. It's a fantastic team, and they've executed really well. And the interesting thing is that they've they've really focused have you seen the actual UI? Yeah.
Speaker 1:It's like it it's really, really fascinating how they built this. They focused on the user experience so much, and they I I don't think they've got all the data.
Speaker 2:How the the product Yeah. Can work with itself. Yeah. So it can and, basically, you can put 2 Devons together, and they just are, like, working in tandem.
Speaker 1:And that's kind of what happens when you just ask JTJTPT to reason through something. It's kind of talking to itself internally. That's what the o one model is.
Speaker 2:But they just they
Speaker 1:really haven't gotten bogged down with, like, oh, we need to train some custom model from scratch. It's gonna build this data center. They've just been like, let's use all all the the best tools in the box, but then make this very, very specific for this problem. Yeah. And it's just had, you know, immense impact, especially on, like, the GruntWerk tasks.
Speaker 1:I've I heard this interesting story about, Scott was telling me that there are now some, I I believe, ramp SDRs that can, if there's a problem, they can while they're on the phone with you, they're nontechnical guys. They can at Devon, hey. The this customer is having this problem. I think it I think the code needs to be changed a little bit. Like, can you go in and fix this?
Speaker 1:And while they're on the call, they're solving it. It's like a That's crazy. So cool.
Speaker 2:Yeah. It's it's it's always been cool to me because the work the workflow that they basically built is the same workflow that people have with junior engineers Yep. Where they have to very, very clearly define what they're trying to do. Yep. Tell them to go do it.
Speaker 2:They go attempt to do it. Maybe they hit a wall and you explain, oh, you do it this way.
Speaker 1:And then
Speaker 2:they they work around it, and they eventually get to to a PR that can then actually be shipped. Yeah.
Speaker 1:I was talking to Scott about this. Like, there's when Devon launched, there was, like, a lot of, like, just the the the reaction was so emotional. It was a lot of fear about, like, this is gonna put all engineers out of jobs. Obviously, that's not true. It's very collaborative.
Speaker 1:And Yep. Really, it's just you get to do more and more, you know, higher leverage work. But it's particularly interesting to me that, kind of like the the aspirational vision for Devon and, like, what the world looks like post Devon mirrors Scott's life very closely in the sense that, like, if you go back to that very early video of him doing those insane math in his head, it's like he was essentially just a calculator. Like, he was like an algorithm. Right?
Speaker 1:And now he's an ideas guy. He's a CEO. He's he's he's using he he's operating a much higher abstraction layer. Yeah. And I think that that's what the customer of Devon should feel.
Speaker 1:Yeah. They should feel Empowered. That I'm not being replaced. I'm being amplified, and I have better tools. And that's very, very exciting.
Speaker 2:Yeah. I'm I'm excited to see how a lot of people scoffed at at their varying valuations, but opening up access to this just knowing already that it's so actively contributing to ramp. If it's the number one competitor, that means that at the very least, it's worth probably 500 to 600 k a year. Right? Like, in a very low estimate.
Speaker 1:Yep.
Speaker 2:And so they're starting out. The product seems to be pretty accessible. It's $500 a month. Yep. But I can imagine that I can easily imagine a future where people are you know, their bigger customers are spending $1,000,000 a year on Devon.
Speaker 2:Yeah.
Speaker 1:Because I mean, it'll also be consumption based, like Datadog or like an AWS.
Speaker 2:The other the other stuff that's wild is it just opens up it's like a it's an engineering tool that allows you to tackle projects that historically were just not at all even really on the road map of, like, hey. We need to, like, completely migrate this system over here, and that's gonna take a year now. Oh, we could actually do this in a month and a half with Devin Yeah. And a much smaller team. Let's tackle that.
Speaker 2:So it's actually it's not just replacing, you know, or or empowering, team members. It's it's, allowing you to tackle tasks that otherwise were, not not really, cost efficient or or that effective.
Speaker 1:Yeah. You're starting to see posts about this where it's like the age of tech debt is over. Like, you used to there's no return on squashing tech debt because today because the AI will solve it in the future. And moving on, we got a size Gong story for you folks. Breaking news, an absolute blockbuster in the world of AI and language learning.
Speaker 1:Speak, the AI driven language tutor app has just closed a massive $78,000,000 series c round led by Excel, pushing its valuation to a jaw dropping $1,000,000,000. That's right. Unicorn status for a company that's shaking up the game in ways we haven't seen before.
Speaker 2:Let's set the stage, John. Speak isn't just your average language app. No games. No gimmicks. This is about real deal fluency.
Speaker 2:Using Cutting Edge AI, Speak gives users a conversational partner that adapts to their unique accent, delivering real time feedback that's changing how people learn. It's not just about picking up vocab. It's about building authentic speaking abilities, and that's a game changer.
Speaker 1:And let's talk about this funding round. Accel leads the charge with heavy hitters like OpenAI's, Start Up Fund, Khosla Ventures, and Y Combinator all jumping back in. That's a $162,000,000 raised to date. Proof positive that speak isn't just talking the talk. It's walking the walk.
Speaker 1:ExCel's Ben Quaso now joined the board, calls it one of the few consumer AI companies actually turning promise into revenue. Big words, but the numbers back it up. Eight figures of revenue and closing in on profitability.
Speaker 2:What's next for Speak? Expansion, expansion, expansion. Southeast Asia, Europe, the US, Speak's coming for all the markets, and by the end of next year, it's aiming to support the world's most popular languages. And let's not forget their growing enterprise side. 8 of the top 10 largest employers in Korea are already on board with Speak for Business, teaching workforces English, and boosting global reach.
Speaker 1:K, Geordie. The cofounders, Connor and Andrew, they're on a mission to build a generational company. And judging by the accolades, like winning Google Play app of the year in APAC, they're off to a red hot start. Zwick even teased 2025 as 10 x crazier with new features and worldwide launches.
Speaker 2:That's wild, John. Bottom line, this isn't just a win for speak. It's a moment for AI innovation in the consumer space. 78,000,000 says speak just isn't part of the conversation. It's leading it.
Speaker 2:Stay tuned because this story is far from over. Let's hear it from the size gong. You love
Speaker 1:to hear it. Go download Speak in the
Speaker 2:App Store today. It's fantastic. I wasn't super
Speaker 1:aware of Speak, but I did see Delian posting about it because apparently he lived with them. Did you see this? I think he lived with these guys.
Speaker 2:People, like, the the one of the,
Speaker 1:It's awesome.
Speaker 2:Opendoor, I think was it Okay. Is it he I think he he was saying he lived with them as well. That's great. So the deal was yeah. When I when I saw the round, I hadn't heard of the company either, and I was seeing it, like, oh, look at this new, like, pre launch AI consumer app that that suddenly is is worth $1,000,000,000.
Speaker 2:But it makes a lot more sense in the context of, like, they've been around for 8 ish years or something like that grinding, had a thesis on AI and and language learning for a long time. And so that's just another example of a lot of the companies that are benefiting the most from AI today are were started a long time ago before language models were even top of mind for anyone in tech.
Speaker 1:Yeah. Yeah. And I'm sure there's, like, a lot of people that'd be, oh, well, you could just learn language by talking to ChatGPT. But there's something about the UI that matters, and there's something about, yes, the power users will figure out that ChatGPT gpt can do that. But for a lot of other people, having a track, a memory, a plan that's customized to you, it's just like Devon.
Speaker 1:You know? It's like you could use the the one size fits all model, but having a more unique resource, unique plan make makes tons of sense.
Speaker 2:The workflow matters a lot.
Speaker 1:For sure. For sure. Well, let's move on to the DMs. We don't have that many questions, so keep sending them in. But, Eliano over at Palantir asks, did Coogan deliver your gift for me?
Speaker 1:And I didn't. I forgot it in my car, but I brought it today. Palantir brought us a bunch of merch. We got some paddle tennis
Speaker 2:Boom.
Speaker 1:Paddles back there, which I love. They look great on the set. And and we have some hats and shirts from Palantir. So thank you to Palantir. We got a beautiful hat.
Speaker 1:Do you want the army or the navy hat? I got you the army hat. I like the navy hat. Army. I like
Speaker 2:You don't like like like visiting the desert.
Speaker 1:Throw these on.
Speaker 2:It's functional.
Speaker 1:Yeah. These are great. Oh, yeah.
Speaker 2:There we go. Good. Locked in. I feel like a $100,000,000,000 company right now.
Speaker 1:A 170, I think. 170. I don't know. It's a lot. So, so, yeah, we gotta rock these shirts.
Speaker 1:I I don't know where the size is.
Speaker 2:Thank you, thank you, Eliana.
Speaker 1:I know you're the best. We're
Speaker 2:looking good. Lord. We're gonna be playing good.
Speaker 1:They are crushing it on the merch side. They have you show me the stats.
Speaker 2:Companies are having a merch off. Yeah. Wait. So that for revenue wise, their merch sales is
Speaker 1:what you're saying? Like, he he, he, like, pitched Palantir. He was like, I just wanna bring the merch store back, and we just do something. We have so many fans, so many, like, day traders and, like, retail investors who are in the stock and like the company, like Karp. Like, let's get them some stock.
Speaker 2:Yeah.
Speaker 1:And every time they put stuff up, it just goes viral on Axe and Reddit, and it's big.
Speaker 2:That's great.
Speaker 1:It's great. I I highly recommend having merch. And the thing that I like about their their merch is, like, you know, we talk a lot of trash about, what is that? Racquetball or, Pickleball. Pickleball.
Speaker 1:But that they didn't just pick pickleball randomly. They Palantir actually works with the company that makes those, Selkirk. And so they're so they did, like, this collab. And, of course, the army navy hat makes a ton of sense because, they're big in the army navy game, which I believe is happening this week in DC, the football game. And so, we're we're very thankful to Palantir, very thankful to Al, Eliano.
Speaker 1:I, did a workout with him in DC. It was great. It was like visiting a a a far off culture and understanding how another man lifts is great.
Speaker 2:Yeah. Yeah. Jacked. Yeah. And he's he's very against Kipping pull ups, which
Speaker 1:Extremely I actually did pull ups with him. He's very good at them. Strict pull ups, I'm not.
Speaker 2:Gotta be strict about it.
Speaker 1:Had to learn. Had to learn. Gotta work on those. It's hard when you're tall. But let's move on to the timeline.
Speaker 1:We have John
Speaker 2:68, by the way.
Speaker 1:Massive massive, stack of posts to go through. So let's start with Wasteland Capital who says absolutely insane amount of work in this world is going to format PowerPoints.
Speaker 2:Okay. And and I would argue that it's very, very important work. And, you know, we talked about this on the show last time. It's communication. I think it was Don Valentine talks about how, Capital follows stories.
Speaker 2:Mhmm. Right? And so DAC is a is a form of storytelling. In fact, I think it's the highest form of storytelling there is. Right?
Speaker 2:Because condensing a very complex idea or business into 20 slides is not easy. Yep. I've spent countless nights, in Figma over the last year just like helping my portfolio companies make decks, making decks now for for TB. But, decks, like, you gotta have if if you're a company planning to raise any amount of money or sell any products at all, which every company is, you gotta get good at this game. Yeah.
Speaker 2:You gotta have somebody on your team that's truly cracked at it.
Speaker 1:Yeah. And, I mean, the amount of work that's going into just formatting them will decrease with AI
Speaker 2:and better tools. Think there's I still think there's something I've I've tried a lot of the different AI decks, and there's nothing like the, dynamic of working with a fantastic deck designer
Speaker 1:Yep.
Speaker 2:Devin, who we work with. Yep. Just like that dynamic. That's like saying, like, oh, you know, if you're driving rally car it's like saying, like, oh, I don't want my copilot. I'll just use an AI.
Speaker 2:Yeah. Yeah. It's like you want your guy
Speaker 1:Yeah.
Speaker 2:Copilot making the deck with you, and you can just make so much more engaging, interesting
Speaker 1:Yeah. Materials. The the the way I'm thinking of AI plugging in is, like, much better spell check, extra like, just, oh, rewrite oh, this line is is just a little bit too big to fit on one line, so it's hanging on to 2 lines. What if you just switch this word, it would fit better? Oh, like, you know, like, you you accidentally indented this an extra couple pixels, just taking it to the pixel perfect perfect level, level.
Speaker 1:Even, just if you have, you know, a whole bunch of photos, being able to integrate those, pull those really easily, just better UI workflows, all that stuff should get much easier. Let's go to Coastal Country Club. They say, received a wedding invite that specifically said on the dress code line, no Apple Watches, please. Wow. 200 k lights.
Speaker 2:I'm I'm really happy to see how much engagement Incredible. Because I think we're entering a new era. And, we've been so
Speaker 1:but it's not a dress watch.
Speaker 2:It's not a dress watch. It has no business in the aisles of a of a wedding.
Speaker 1:Yeah. It's gonna be beeping and, like, taking phone calls and showing, like, you know, your latest tweets.
Speaker 2:Yeah. You're gonna miss some incredible moment because Yeah.
Speaker 1:You're checking
Speaker 2:you're checking some Timeline. You know, so your hinge notifications are popping up on your watch. But, anyways, we're we're happy to see that, that the movement against Apple Watches One
Speaker 1:thing that I'm really disappointed about with the Apple Watch is that do you remember when they first launched it? There was the Apple Watch edition, solid gold, 10 k.
Speaker 2:I don't. You don't remember that? I don't remember that.
Speaker 1:So they they launched them at, like, a couple $100. Maybe the most expensive one was, like, a1000, but then there was one that was 10 k.
Speaker 2:And and they were, like, buy those an unwrapped version of that?
Speaker 1:Yeah. Yeah. Yeah. You can definitely buy them, probably on eBay. But, it it was, they they they understood that watches have this luxury value, but the problem is is that the software and the hardware is getting so much better that that you have to refresh your Apple Watch every year or every few years.
Speaker 1:Apple loves that. So then it was like, okay. I have this gold thing. Whereas if you buy a gold Rolex or a gold Cartier Santos, like, it's gonna have its same value. It's gonna do the job just as well telling the time 20 years, 50 years from now.
Speaker 1:It's still gonna work. Sure. There might not be as much, like, water resistance. The tech does get better in these Swiss watches. But, Apple kinda missed that, but they need to bring back the Veblen goods.
Speaker 1:Like Yeah. Yeah. Apple should have a product that's, you know, up there and just in Yeah. Pure Veblen status. Yeah.
Speaker 1:Not not not not just based on the RAM. Yeah. Let's go to Lulu. She says, lots of founders wondering the best day to schedule a launch. There's basically no clear day between now and the holidays.
Speaker 1:It's wall to wall with announcements, not even counting news curveballs like today. Just pick a day and go for it. Rely on creativity to break through. This is funny because I didn't even see this because this was the day that they found the CEO shooter, and the timeline was flooded with that.
Speaker 2:Yeah.
Speaker 1:And it was impossible to break through. And I had another friend who his launch, like, kind of leaked, and I was like, well, like, no one found out about it because no one saw that article at all because it was the busiest news day. So you do
Speaker 2:you do kind of
Speaker 1:need to avoid, like, the bombshell days. Like, you know, maybe delay your launch a day if it's if you notice that something crazy is happening on the timeline. But, in general, yeah, done is better than perfect. Get it out. And then the beauty of launching and getting, drowned out is that if, by definition, if no one if your post doesn't go viral and doesn't get seen by everyone, well, no one saw it.
Speaker 1:So you can just post it again, and people will see it for the first time. Everyone thinks, oh, this post only got a 1,000 views. Everyone knows I'm bad at posting or something. It's like, no. No one no one saw that Yeah.
Speaker 1:Yeah. By definition. So you can just post again. Yep. And so I don't know.
Speaker 2:What what do you do with this? I mean, yeah, basically, every company that has news that they wanna deliver is looking at doing it in the next week after, you know, I don't know. You basic I guess you kinda have, next the the rest of next week. But, but, yeah, just expect there to be competition, but lot like, good launches don't happen by accident. Even the companies that are that are that have, like, exciting news that people are excited to hear about, they're still making sure that they get twenty of their investors to share it on the launch day.
Speaker 2:Right? You need to, like, punch through
Speaker 1:Yep.
Speaker 2:The noise and make sure you're not just leaving it up to chance and, like, betting that it might go viral or something like that.
Speaker 1:Asking, like, the second order. Like, when the Cognition, Devon GA launch happened, I got multiple texts from people who were closer to the company saying, hey. Here's the to eat. Like, can you amplify it?
Speaker 2:Yeah.
Speaker 1:Yeah. And so having
Speaker 2:That's why even a company of Devon's size or that much hype is not leaving their launch to fate. They're not just like, oh, I hope the algorithm's on our side today.
Speaker 1:It's And you see it just immediately. It's like, oh, 300 retweets. It's like, that doesn't happen by accident.
Speaker 2:Yeah.
Speaker 1:Like, clearly, people were lined up ready to go Yep. Which is great. Jack Prescott says, CARP Mogging with the Cartiers, and he tags us. Thank you for tagging us.
Speaker 2:Thank you.
Speaker 1:If you see something like this, a dripped out technology brother, tag
Speaker 2:us. It. Tag us.
Speaker 1:To see it. Great pick. Karp is a style icon in so many
Speaker 2:ways. The OG dripped out technology rather.
Speaker 1:Wearing a fantastic Patek Philippe Nautilus that we, that
Speaker 2:we clocked
Speaker 1:and put on the timeline. We got in front of him, unfortunately. Yeah.
Speaker 2:And I'd like to see more. This guy's running, we don't know what it is today, 100 to $200,000,000,000 public company. We'd like to see more paparazzi following him around, getting doing, like, fit pick analysis. Yep. I'd wanna see what wrist checks.
Speaker 2:Let's see the whole let's see the whole thing, but great great pair of, sunglasses and it's great. Yeah. Do we have a promo post? I gotta go to a promoted post. We got a promoted post from, Kushi.
Speaker 2:We wanted to promote this today because she says a $100,000,000 early stage fund in SF is looking for a new associate. DM me if interested. So we just wanted to put this out there for our listeners. If you are looking to join an early stage fund, there's one in SF. These types of opportunities don't pop up too often because oftentimes these smaller funds just don't have that many people.
Speaker 2:So if you're interested, go send her a note and she will, connect you.
Speaker 1:Let's go to Packie McCormick. He says, anti capitalist and then throws down about a 1000000 red flag emojis.
Speaker 2:Great post.
Speaker 1:Great post. It is very cringe to be an anti capitalist. Obviously, capitalism is incredible, but, also just weird to frame yourself in the negative. Like, just say what you want the world to look like. Yeah.
Speaker 2:Yeah. Just I'm just against the system. Exactly.
Speaker 1:It's like pick Lame. Pick a different ideology and then just be that instead of just being like, I'm mad about the current system.
Speaker 2:Yeah. It's hard to take anybody that's purely anti capitalist seriously unless you're living in the wilderness Yep. In the woods, not benefiting from any aspect of modernity or our capitalist system. But if you're if you're eating your little oink oink grain bowl from sweetgreen and you're saying that you're an anti capitalist, like, I'm not gonna take you seriously. Sweetgreen raised, like, 500 to a $1,000,000,000.
Speaker 1:Yeah. Like Well, we need a new term. We have the champagne socialist. We have the limousine liberal. We need something, the aristocratic anti capitalist.
Speaker 1:We need a we need a term for the anti capitalist that defines them because they actually benefit immensely from capitalism.
Speaker 2:The Luigi? The Luigi. Exactly. Parents were in health care or something like that.
Speaker 1:That story is so wild. Yeah. I I'm holding my breath to understand it all, but we'll see. Sean Frank says, Meta doesn't acquire. It copies.
Speaker 1:We have all benefited from the medi meta copy machine. Snap is a threat, we get stories. TikTok taking off, we get reels. X looks viable, you get threads. Chat GPT, AI search bar.
Speaker 1:All this does is create new ad space for us. The greatest blessings in this industry start as a threat to Meta, written by me in our free newsletter. Interesting.
Speaker 2:Yeah. Mark Mark has, in many ways, he's he's such an interesting entrepreneur because the first product wasn't necessarily allegedly, like, wasn't really his idea. Right? Like, he was sort of approached to build this thing because he was, like, the tech guy.
Speaker 1:Yep.
Speaker 2:And then he's all of their since then, like, many of their most popular products were copycats of other products that were succeeding. Yet simultaneously, if you look at the Red Book, he has had this sort of, like, decades long vision for his company that only a generational ideas guy could actually have. Right? And he's been, like, right over and over and over about all these different theses. So interesting to be, like, the copycat founder
Speaker 1:Yep.
Speaker 2:Who clearly is just better at executing and more visionary than the people that originally had the ideas.
Speaker 1:Yep. And I like Sean's take here because he's really identifying the core meta strength, which is the ad platform and how great their ad inventory and matching algorithm is is that there are there are plenty of other, platforms, but none of them have the ability Yeah. We don't know. Real ROI. Yeah.
Speaker 2:We don't know what if we'd even be using Instagram today if Meta hadn't bought it. Right? It could
Speaker 1:have been really hard to build that liquidity.
Speaker 2:Yeah. You could have easily imagined Yahoo buying Instagram and ad ads never really working and the product, like, part of the reason yeah. I mean, it's
Speaker 1:just get it out of the box. Like, they launch a new product, and it's just like, cool. That's more ad inventory for Ridge
Speaker 2:Yep.
Speaker 1:Sean's company. And and you they know on day 1, it's gonna work reliably, and it's not gonna be this whole, like, experimental budget. Let's do some brand advertising. Yeah.
Speaker 2:Let's throw 20 gram of effort at
Speaker 1:it. Exactly. It's like
Speaker 2:You can throw
Speaker 1:a lot. Throw any any amount at it, and you're gonna get the dashboard, and it's gonna be accurate. Yeah. And that's just really hard to build internally. And that's why you see, like, even Netflix, like, when they launch, it's, like, all this craziness around their ad
Speaker 2:Yeah.
Speaker 1:Platform. Let's go to Ole Lemann. He says this is hilarious. He says, day of a European in 2025. Wakes up.
Speaker 1:Likes a meme on x. Gets arrested. Tries to use AI. Blocked. Drinks water.
Speaker 1:Bottle cap gets stuck. Opens browser. 48 cookies. Wants to watch a workout on YT. Blocked.
Speaker 1:Buys coffee. Pays 50¢ extra for the cup. Clicks to buy a product. No EU shipping. Starts a website.
Speaker 1:Gets fined for GDPR. Orders meat. Gets shamed for destroying the planet. Tries to start a company. Gets sued.
Speaker 1:Repeat. Mogged. Selfmogged. What's crazy about this is, like, you hear about all of these things individually. No one's ever put it all together like this in such a way that's so embarrassing and so crazy.
Speaker 1:It really captures, like, a
Speaker 2:why there's no $100,000,000,000 company in Europe that was started
Speaker 1:in the
Speaker 2:last, like, 50 years or something like that.
Speaker 1:Bad. Bad.
Speaker 2:Not good. Crazy.
Speaker 1:Beck Shaw says days like this on Twitter feel like a bird got into the classroom. 200 k likes. Yeah. 2 100000. I mean, everyone was seeing the exact same timeline.
Speaker 1:It was crazy. It was just like memes, jokes, fights, conspiracy theories, news reports, everything about the shooter. What a crazy story. Makes sense.
Speaker 2:It's interesting how we didn't historically process these sort of wild events through humor so intensely so right away. It's like when historically, like, significant assassinations, there wasn't, like, people, like, billions of views on memes in the first, like, 48 hours. So it's interesting how, like, all of humanity now process processes processes these sort of, like, crazy events through
Speaker 1:Yeah. Yeah. Like, I wanna say, like, 20 or 30 years ago, maybe maybe not maybe even 15 years ago, there'd be a news story, and then you'd have to wait, like, a week, and South Park would come out with an episode
Speaker 2:Yeah.
Speaker 1:Making fun of it. And that was or maybe you'd get The Daily Show the night of making fun of the news a little bit, but it was Yeah.
Speaker 2:But they weren't gonna make fun of something that was super dark. No. Whereas now people will take a deeply dark, sad topic and immediately start making jokes about it. Like, even I saw today, there was, like, somebody filming Luigi coming out of, like, some type of I I don't know where he was going.
Speaker 1:Thing. Yeah.
Speaker 2:And somebody was yelling, like, it's Mario. Yeah. Like, just like that In real life. In real life. But clearly, like, done almost for the Internet.
Speaker 1:Yeah. Yeah. Yeah. And it and it does feel like it's it's feeding back into the traditional media. Like, SNL had a, the segment on their news show.
Speaker 1:I forget what it's called. Whatever their whatever their news segment is. And they did they did make some jokes about the shooting, which was interesting because it it is really, really dark story, but they still had to cover it in some way. Let's move on to Amjad Masad over at Replit. He says, woah, and he's quoting a post about Google's Willow quantum computer.
Speaker 1:And he says, it lends credence to the notion that quantum compute computation occurs in many parallel universes, in line with the idea that we live in a multiverse, a prediction first made by David Deutsch Deutsch. 7,000 likes. Yeah. Fascinating. Did you follow the
Speaker 2:So this was crate the craziest part about this is is that was Google putting out. Yeah.
Speaker 1:Yeah. It was like in their official press release. They're like, we have discovered that we live in a multiverse.
Speaker 2:By the way.
Speaker 1:In our press release. Yeah. Now sign up for cloud computing. Yeah. That is crazy.
Speaker 2:Yeah. I'm just interested to see how what what Google's, like, rollout with this product, who gets access is it just Google that's gonna get access to it for the 1st 10 years? Are they gonna make it widely available? It seems almost dangerous to make it widely available. Like, there was a lot of, I think, like, the Bitcoin speculation.
Speaker 2:Will it crack? Yeah. Bitcoin, like, crashed seemingly on that news, like, a a few percentage points. Maybe it was under unrelated.
Speaker 1:Yep.
Speaker 2:But, but, yeah, it's interesting to see. Okay. We've created this, like, you know Yeah. Ultra powerful chip. Now who who gets access to it?
Speaker 1:Willow performed a computation in under 5 minutes that would take one of today's fastest fastest supercomputers, 10 septillion years. This mind boggling number exceeds known timescales in physics and vastly exceeds the age of the universe. Fascinating.
Speaker 2:Imagine being the team running that test and you're and you start the test and you're like, oh, this could fail. It could take, like, few minutes or it could take 10 septillion years. Imagine running b
Speaker 1:to b software on a quantum computer. Imagine running RAMP on a b to b on a quantum computer. Heavenly. That's the way to do it. I love it.
Speaker 1:Will Menaes, post a screenshot and highlights, this quote. There's always something happening in the world that creates an opportunity to try and fix a business and build a business, mister Rainwater told the Dallas Morning News in 1994. It was one of the few interviews he gave. Speaking on CNBC, mister Bonderman recounted mister Rainwater's investing philosophy. If you couldn't pencil it out on the back of an envelope, it wasn't worth doing.
Speaker 2:Yep.
Speaker 1:I like that.
Speaker 2:Yeah. The best business ideas for the next 10 years are not always the most complicated, and oftentimes, you can take a lot of inspiration from the past. If you literally just read old business biographies and you learn about some guy who cornered some strange market and levered it into building a massive, you know, public company, like, those many of those same types of opportunities are available today. And there's there's the classic trap for people that wanna start companies or people that think they need some ultra sophisticated complicated idea that needs, like, 10 pages to explain. And it's like, no.
Speaker 2:Having something super, super, like, cognition
Speaker 1:Yeah.
Speaker 2:It's just an AI software engineer that you can collaborate with. It's not like it's very complicated under the hood, but the core idea you can write on a single Yeah.
Speaker 1:And the value equation. Just like you're you're like, hey. You pay money. It does things for you. Yeah.
Speaker 2:It's
Speaker 1:very, very simple. And that's the case for so many of the great businesses.
Speaker 2:Yeah.
Speaker 1:Start with very simple ideas. Let's go to Sam Altman. Sam says, a few months ago, Robinhood sent me a gold credit card with extremely high quality details. I thought it was a ridiculous marketing stunt at the time, but now it's an example I give when talking about great design. I love that.
Speaker 2:So is this have to do with their acquisition they acquired x? Didn't they acquire x Oh. X card or something that it's called?
Speaker 1:I thought it was just for, like, their their biggest spenders on their credit card. But great No.
Speaker 2:No. But I'm pretty sure they acquired, like, a big they acquired a Robin. I need perplexity.
Speaker 1:I wonder I wonder how much this cost, though, because, with the really nice cards, my fear would always be if you lose it, it has a lot of value. It's gotta be really expensive.
Speaker 2:I think it's $1200 or something like that.
Speaker 1:Okay. Maybe they charge you if you lose it or something because
Speaker 2:Yeah. So the the Robinhood gold card is a credit card that was formerly known as the X1 card, which was a company that, which was a company that Robinhood acquired.
Speaker 1:Got it.
Speaker 2:And, yeah, I just like to see, I'd like to see tungsten cards coming out from the major major players. Like, we gotta go level it up a little bit.
Speaker 1:I agree.
Speaker 2:You know?
Speaker 1:I agree. You gotta stand out. I mean, every card went metal recently. Like Yeah. Basically, every card is some sort of metal.
Speaker 1:So Yeah. Gotta go into the rare metals.
Speaker 2:Yeah. Tungsten. Go rare.
Speaker 1:Let's go to John Feo. He says if someone stops posting on Instagram, it means they are probably in a great place mentally. If someone stops posting on Twitter, it means they are probably about to commit national headline worthy crimes. It's a good subtweet of the situation. Makes a lot of sense.
Speaker 2:Yeah. Yeah. I I it's yeah. It, that's that's the thing. So Instagram is a place to It's a dating site.
Speaker 2:Is is for many is a dating site. It's a place, to kind of just brag about, your life Yep. And, x is a place to share your thoughts.
Speaker 1:Yep.
Speaker 2:So if your thoughts get so extreme that you can no longer share them, and you're somebody who historically was sharing kind of stream of consciousness, which is a lot of a lot of the best posters are just sort of sharing what they're thinking stream of consciousness style. And so if that turns off, like, they either locked in with their business so hard or or we've seen posters that are our friends go silent while they're selling their company because they don't wanna say something that's gonna, like Yeah. Yeah. Botch the acquisition or whatever. But yeah.
Speaker 1:There's some good reasons to stop posting, but, in general. And you see this with
Speaker 2:with with fund managers who are down bad. They'll stop posting. Yeah. Like, a lot of the, like, very popular GPs from 2021 went kinda dark for 2023 because they were just, like, going through it. Yep.
Speaker 2:But now they're back. Many of them are back.
Speaker 1:Many of them are back.
Speaker 2:Few markups, feeling good again. Yeah. Raised fund 3. Yeah. You know?
Speaker 2:They're back.
Speaker 1:Back on the horse. I mean, the best people that make it through always restart yeah. Posting through is always good, but but restarting the posting just to kind of liven up the serendipity engine, get it more contacts.
Speaker 2:Yeah. In many ways, like, Chamath would have stopped posting with how much hate he got for all the SPACs, but instead, he launched a a premium substack.
Speaker 1:Oh, he did?
Speaker 2:Yeah. Oh, yeah. Got it. Like, he's got, like, a ton of subscribers.
Speaker 1:But but also, I mean, there was a forcing function there, which was, like, he wasn't gonna stop doing all in.
Speaker 2:Yeah.
Speaker 1:And so no matter how much, like, you know, he's kinda hate for different things, like the the the the the Uighurs comment and all the different stuff. But, you know, he he had this forcing function of, like, his boys being, like, get on the mic, dude.
Speaker 2:Stay in the game. It's
Speaker 1:great. Podcaster's high. Podcaster's high. And it worked. It worked.
Speaker 1:He's still in the game. Love it. Reggie James says oh.
Speaker 2:I gotta stop you, John.
Speaker 1:Let's do
Speaker 2:it. You know what the show is about. Of course. It's about driving driving the bottom line. We got a promoted post from our friends over at Cognition.
Speaker 2:We talked about them at length earlier on the show and they're jumping in here to talk about how Nubank refractors millions of lines of code with Devon reducing a large scale ETL migration from an estimated one and a half year project to just 2 months. Devon successfully delivered 12 x efficiency improvement on engineering time, helping reduce the developer toil for Nubank engineers as they scaled to a 110,000,000 customers. See why Vitor Olivier, Nubank CTO, is excited about the future of software engineering with Devon. And, anyways, fantastic case study. Yep.
Speaker 2:This is the kind of case study that, any startup would dream of, and it's why Devon has the hype that it does. Yeah. So it
Speaker 1:would be very hard. Even if you were able to hire a bunch of new grads, you put them on you put them on that project. It's gonna be hard to keep them motivated. It's gonna be hard to
Speaker 2:Yeah. It's not a sexy feature
Speaker 1:to work on. Right? Yeah. Even for the resume, it's tough.
Speaker 2:We're excited because now any developer in our audience can go sign up for Devon, today and start getting access to the same, quality of tool. For
Speaker 1:just $500 a month.
Speaker 2:Yep. So
Speaker 1:hit up Cognition and tell them the Technology Brothers sent you. Let's go to Reggie James. He says one retweet can send your message to a completely foreign digital land. So welcome to our foreign digital land, Reggie,
Speaker 2:here in technology. Reggie is at home. Reggie is at home here as a as a OG technology brother. But, now everybody that's had a tweet go viral will experience this. We've, you know, we we had a tweet yesterday about Lina Khan.
Speaker 1:Oh, yeah.
Speaker 2:And eventually, it got retweeted by people that came into the like, and that drove people to start dunking on us. I didn't really saw this. A bunch of people were, like, defending Lina Khan Really? Interesting. Like, she's sticking up for the little guy, whatever, which I didn't totally get.
Speaker 1:Yeah.
Speaker 2:But, anyway so, yeah, any retweet can send you in a into a totally different audience that wasn't necessarily the intended audience. Yep. And that's the magic of of x. You know?
Speaker 1:It's fantastic. And stuff like that, I want stakes on x. I want there to be the threat of getting retweeted into oblivion and then having to lock my account and turn off my DMs because I'm getting so many death threats. That gives me stakes. That gives me skin in the game.
Speaker 2:Skin in the game. I don't
Speaker 1:wanna be in an echo chamber.
Speaker 2:Posters high.
Speaker 1:I mean, I got canceled in Alaska Twitter once, which is great. I said, like, Alaska is amazing, and we should all move there. And and and and both the right and the left, the the lefty Alaskans were, like, were, like, stay out of here. This is our land. Like, you need to acknowledge the land that you're, you know, going up here.
Speaker 1:And all the right wingers up there were, like, you wouldn't last a day in here, Texas.
Speaker 2:Alaska Alaska.
Speaker 1:Exactly. And they were, like, sending me pictures of their guns.
Speaker 2:I can see Russia from my ass.
Speaker 1:Yeah. Being, like, if you come up here, you wouldn't last a day. Like, you'd freeze. Like, you're some Silicon Valley, but
Speaker 2:And you're, like, hey. I got a Cabot meteorite. Yeah. In 1911. In 1911.
Speaker 2:I think I'll do just fine.
Speaker 1:Yeah. Say that to my Chi tac in 408. Yeah.
Speaker 2:Say that to my minigun.
Speaker 1:My intervention. Let's go to Delian. He says, there's this consensus talking point in Silicon Valley that at this point, all tier 1 VCs are founder friendly. On the other hand, in my 7 years in VC, I have personally had to use our legal rights from the shares we own to block other tier 1 VCs from firing founders Three times. This is crazy.
Speaker 1:He's told me some of these stories. I I don't know all 3. But it is it is crazy. I mean, the founder friendly thing, it really just became a meme, and it was so easy to put up a blog post. And then no one calls anyone out, and no one really says anything publicly because you're all syndicating deals, and you don't wanna really piss off anyone else.
Speaker 1:But it is true. Like, there are some bad actors out there, and a lot of it's, like, rational based on the fund dynamics. You know, incentives matter. There aren't necessarily that many evil people in Silicon Valley. It's really just the fact that when incentives get misaligned and there's a partner who has Yeah.
Speaker 1:Their career riding on a particular deal and they feel like this CEO is really screwing thing things up, their natural reaction is, you know, they're backed into a corner. They it's a fight or flight response, and you have to have your fund set up in a way that you can actually take the 0 if it is crazy. And your brand can take this take the l of backing a company that blows up and move on. But if you're if you've staked your reputation as a VC on this one company, you've put so much of your money in there, and you think that there's a solid business there, and it's just the leadership that's wrong, which could be true. It's really hard to say no.
Speaker 1:So it's tough.
Speaker 2:This is why I I mean, this is why YC is, like, actually a very positive
Speaker 1:Yeah. It's a union force in
Speaker 2:terms of yeah. It's a union for for founders.
Speaker 1:Basically. Yeah. If you if you do something bad to a YC founder, like, every single YC founder is gonna find out.
Speaker 2:Yeah.
Speaker 1:And that's, like, 1,000 of Thousands of years a year. Yeah. Yeah. I mean, it goes on the it goes on book face. Like, Gary built that thing.
Speaker 1:And, like, there's a whole Yeah.
Speaker 2:There's
Speaker 1:a whole database of VCs and with ratings. Like, how how they do, what they do to you, all this stuff. It's crazy. Yeah. Anyway, we we gotta get more stories on Adelion and and, leak those here anonymously, of course.
Speaker 2:Of course.
Speaker 1:But, let's move on to Jack Randall. He says the New York Stock Exchange 10 years ago versus today, same but different. And he now works with the cofounder of Robinhood. He's there with Vlad Tenev and the other cofounder, and they're starting a new, a new company. And Jack's working on it that is, setting up solar panels in space that will beam down the energy via laser.
Speaker 1:No way. To ground stations. Yeah.
Speaker 2:Because I saw that other company that Sean McGuire back that was doing selling daylight Daylight. Yep. Night. Yep. So I like that we're getting all of these new weird Yep.
Speaker 2:Weird, things that are not just
Speaker 1:I think it was in Andreessen's, like, call for startups. This idea that, like, launch is getting so cheap. Varda is one of the first movers, but there will be other companies that are doing things that are completely off of SpaceX's road map that leverage the launch capabilities. There's some people that are trying to do computing in space because of the temperature. There's people doing the energy and the light and, but this is specifically harnessing the energy and then beaming it down with a laser.
Speaker 1:And Yeah. All of these startups, it's like, I'm like, this seems insane. Yeah. But it's but I never I never actually talk trash because it's like, I haven't built a spreadsheet to see if this actually works. Like Yeah.
Speaker 1:It's possible. I don't know what assumptions need to come true. Like, does launch need to go down to, like, $100 a kilo, $10 a kilo, a dollar a kilo to, like, make it make sense? But, like, that could happen. I don't know what the assumptions are.
Speaker 1:But but but, you know, all these people are smart. I mean, this guy started Robinhood. It's like a huge company. Like, I don't think he, like, missed a 0 in his spreadsheet.
Speaker 2:Like, I
Speaker 1:think he thought it through.
Speaker 2:So I'm like, default to that level of execution with Robinhood in an industry that competitive, you don't reach you get lucky along the way, but you don't reach that level of scale by accident. Yep. And so, yeah. The other thing with that just should be said with with any of these any any space related company is, like, it's hard enough to launch b to b software and you're, like, making this new feature and you launch it and you launch it and there's, like, bugs and, like, this button is not working for these users and all that stuff. And if you're launching stuff into space, the stakes are so much higher.
Speaker 1:Yeah.
Speaker 2:And if you have any of these, like, tiny sort of marginal errors, it can just end in total failure.
Speaker 1:Oh, yeah.
Speaker 2:And so the kind of caliber of people that are doing this and are gonna be successful at it are just gigachats. Yeah. Like, you have to be you just have to be on another level to actually do this successfully because you can't just, like, ship and, like, let's see what happens. It's, like, you have to ship with intention.
Speaker 1:You make a bunch of money and money in Fintech. I mean, this is the age old story.
Speaker 2:They made their money and money.
Speaker 1:Basically. I mean, this is the story of Elon with SpaceX. Like Yeah. Made his money in PayPal. Yeah.
Speaker 1:Dumped it all in something crazier that required a massive backstop. And the, you know, the Robinhood guys have enough money to back up the truck if they need to, if they really believe in it, and that's amazing. And that's just something that I think the rest of the financial community will rally around and be like, yeah. Let's do it.
Speaker 2:Yeah.
Speaker 1:It's great. Let's go to Alex Cohen. He says incredibly funny that European AI regulations are so backwards that the Taliban gets access to new OpenAI products before Europe does. That's just So brutal. I can't believe this.
Speaker 1:So brutal. I don't even know if this is true, but, you know, somebody says, bring it to Europe, please, and he says we want to if
Speaker 2:you were gonna follow the laws. Yeah. It probably is true.
Speaker 1:But is this true? How can the Taliban have access? I mean, who knows? I mean, it's it's certainly less of, like, a regulatory overhead. So if you can maybe if they're not even if they don't have a server there, if they could VPN somewhere
Speaker 2:Taliban loves memes and language models. Meme coins and language models.
Speaker 1:Awful.
Speaker 2:Either way, I'm excited to see more about, Alex's, new start up. He's got a a voice AI company in the health care space.
Speaker 1:Yeah.
Speaker 2:It's called Hello Patient. Yeah. Had a cool launch video for it. So excited to see what what he does there.
Speaker 1:Yeah. Great poster too.
Speaker 2:Great poster.
Speaker 1:Let's go to Jared Madfus. He says, JACC founder thesis, which we talked about on the show earlier.
Speaker 2:Yep. He must
Speaker 1:have been listening because he was like, I gotta post that. No. No. No. Appointed.
Speaker 2:So so I I talked about it. I think somebody sent it to him or he listened to it. Sure. And then he and then I kinda butchered it. So I was like, post post it.
Speaker 2:Let's give it some proper coverage.
Speaker 1:Yeah. So he says the Jack founder thesis is I have never lost money investing in elite technical founders that are in the 1,000 pound club, composite of their bench press, squat, and deadlift over a £1,000. They are simply too big to fail.
Speaker 2:That's a that's a
Speaker 1:great post.
Speaker 2:Too big to fail.
Speaker 1:Great post.
Speaker 2:Just unreal. And then and then in the thread, he actually gives examples of
Speaker 1:Oh, of the founders? Of the founders. No way.
Speaker 2:That's individual founders. So, anyways, Jack founder thesis. If you're if you're investing in technical founders and you're a little bit lost in the sauce, maybe you're non technical, just follow, Jared's £1,000, club Yeah. Model and you'll you'll do well.
Speaker 1:Okay. Let's go to Gary Tan. He says, I want this, and I would fund this too. And he's quote tweeting Andre Karpathy who says, one of my favorite applications of LLMs is reading books together. I wanna ask questions in here generated discussion, notebook l m style, while it's automatically conditioned on the surrounding content.
Speaker 1:I love that. Yeah. Tyler Cowen had a post about, chat gpt01 being a fundamental paradigm shift in how people read books. And I found this to be true. I was at The Nutcracker, and while I was there, I was on my phone.
Speaker 1:And, and I was like, I feel like I'm kinda being disrespectful. It feels like I'm texting.
Speaker 2:Yeah.
Speaker 1:But I'm really, like, asking the AI for the backstory to actually enrich this experience, and I am I'm actually more engaged than someone who's just sitting there watching but zoned out.
Speaker 2:Yeah.
Speaker 1:I'm actually locked in. Yeah. And so I think that they yes. We need more, more applications. The interesting thing is that for most books, you actually don't need special conditioning.
Speaker 1:And Tyler pointed this out was, like, a lot of times you're reading a book, and you're like, oh, I need to, like, find a PDF and then load that into ChatGPT in order so that it knows the books, that I can ask a question, tell it that I'm on page 67. But a lot of times, like, it kind of already knows, and it knows everything. And so you can just ask questions, and it really puts the, the the onus on, like, figuring out what questions to ask, and that's really important to the inquiry. Tyler had this whole riff on, the he, as a professor at, at GMU, George Mason, it used to be about him teaching students, and now he grades the students based on what they teach him. Yeah.
Speaker 1:And so his job is just to ask questions and whoever answers them the best.
Speaker 2:I saw something else about a about a, professor who was saying he encourages his students to have these language models write the write it the essay that he's tasked with them Yep. And that's now the average essay, and your job is to write something that is much much much higher quality than what the model put out. Yep. And I when I saw this post from Gary, I, it made me think of of Daniel on, like, the Readwise team because that feels like something they already have this huge, huge customer base of of sort of pretty online readers and rolling out some type of software like this seems like, they could have a a pretty strong edge there. So, Daniel, when you listen to this, go back to the original post.
Speaker 2:Check it out.
Speaker 1:But, obviously, you can use Chatcheapati, but, probably still an opportunity to build something bespoke. And so if you're looking for an idea for the next YC batch, start hacking.
Speaker 2:Start DM ing Gary.
Speaker 1:Let's move on to Pixel Mothman. They say, while my AI friend is spooked by Ghost, TriRamp is dominating x. Based Bev jzos is pulling more monthly views on x than Forbes, and I'm haunted by Tech Bros Pod not featuring any of my z zits, tweets, x sweets. I don't even know. I don't know
Speaker 2:either, man. Well, that changes now.
Speaker 1:That changes now. You're on the show. You're on the show. You're officially a guest.
Speaker 2:First of many.
Speaker 1:We will follow you back. We're excited to have you on. I think one
Speaker 2:of the more insightful things here is I bet you Beth does get more impressions than any of these, like, big Sure. Big legacy, his He's he's
Speaker 1:a beast. He I swear he has the notifications, like, turned on to the point where, like, if someone he likes posts, he, like, gets a push notification. You know? Yeah. Yeah.
Speaker 1:Yeah. Like, the alarm bell. Notifications. Yeah. He is quick with He's quick with it.
Speaker 2:Towards us.
Speaker 1:I hung out with him a little bit in Miami just for a minute. First time meeting him. He wasn't on x right then, but he must be given that he's quick on the trigger.
Speaker 2:Yeah. Yeah. Yeah.
Speaker 1:I think
Speaker 2:he was just absorbing takes from the from the community there.
Speaker 1:He also gave a gave a talk and a debate about AI Doom. Yeah. Fun fun poster. Okay. So this this is the post that I wanted to cover about, GM, shutting down Cruise.
Speaker 1:This is a wild, wild post. And I screenshotted it because I thought it might get taken down. I don't know if it's still up. But so this is Kyle Vogt, the founder of Cruise, went through YC. He's one of the Twitch cofounders, with Justin Khan, Dalton, not Dalton.
Speaker 1:Michael Seibel, Emmett, Emmett Sheer, I believe is the news. And after he started Cruise, which was this, self driving car company, they started with the Audi a 4. They eventually built their own cars, then they get acquired by GM pretty early for a $1,000,000,000. Great outcome.
Speaker 2:Yeah.
Speaker 1:And then they're working internally, and he was at the company still building even though they were internal. They had a ton of resources, and they were live in, San Francisco, and they were a competitor to Waymo. And then they had, you know And
Speaker 2:I remember he left, and and it was like I think it was a surprise to a lot of people. So this is him being able to to say Yeah. Speak his truth finally.
Speaker 1:So Kyle says, in case it was unclear before, it is clear now. GM are a bunch of dummies. And Rune just says, lmao. And then Salvino Armati says, you sold them a layup $100,000,000,000 business, and those redacted clowns still managed to fumble. Brutal.
Speaker 1:Donks. Yeah. I mean, how can you not be in the self driving game?
Speaker 2:How do you shut that?
Speaker 1:The CEO, Mary Barra, I believe that's her name, GM, said, like, we're not in that business. It's expensive. Blah blah blah. We're in
Speaker 2:the car making business. That GM
Speaker 1:is struggling, but, like, you gotta bet on the future. It's the only way to leapfrog it.
Speaker 2:We need a reindustrialized poster to acquire GM and return it to glory. Seriously. LBO GM. Yeah. It's not gonna be cheap.
Speaker 2:Yeah. But
Speaker 1:Who knows? It might be possible. Bankrupt, like, 25 times.
Speaker 2:Yeah. Yeah.
Speaker 1:Yeah. So who knows? Okay. Let's go to Arvind Srinivas Srinivas? I'm gonna struggle with that name for a while.
Speaker 1:The Perplexity CEO and founder. He says, P Marka, can you wire me $1,000,000,000 because Donald Trump says any person or company investing $1,000,000,000 or more in the United States of America will receive fully expedited approvals and permits, including, but in no way limited to, all environmental approve approvals. Get ready to rock. And so, yeah, the race is on. You need to acquire a $1,000,000,000 of capital ASAP.
Speaker 1:You need to size up those fundraisers, guys, because, the the the gates of innovation are wide open, and you must Here's
Speaker 2:here's the thing. I don't think, I don't think Andreessen is a investor in perplexity yet.
Speaker 1:Oh, they aren't?
Speaker 2:And so when I saw this, I was like, is are they just kind of, like, joking with each other? Because, like, around is in the works. Maybe. It seems like a company that a s s and z should be in.
Speaker 1:Yeah.
Speaker 2:And that would be kind of, like, a funny thing even especially if a term sheet had already been signed and have, like, hey. Can you give me a $1,000,000,000? So I don't have any inside info there, unfortunately, but, we'll we'll we'll probably find out, soon enough.
Speaker 1:Well, let's go back to GM because George dropped a great analysis on the cruise situation. George writes, today, GM pulled funding from Cruise robo taxis. I called this 5 years ago. I remember him calling this. If you had been paying attention, self driving has played out exactly like I said it would.
Speaker 1:Tesla will win, and comma AI will take second with an open source solution like the smartphone market with iOS and Android. Today, Tesla has the biggest fleet, and we have the 2nd biggest. Tons I have a I have a comma AI car. It's fantastic.
Speaker 2:Why don't you give some backstory on comma?
Speaker 1:So, yeah, comma is a open source software package that George and his team at Kama maintain. It, it you buy a device that's essentially a smartphone that he makes internally in a in a office in San Diego. I toured it. It's amazing. And, it has a camera.
Speaker 1:It has a front facing camera, a couple rear facing cameras that look out on the road. It takes in those images. It runs it through a neural network, through an AI model, and it figures out where the lane lines are. It draws a path for where your car needs to be, and then it sends that signal to your car over the OBD 2 port, which is the diagnostic port, kind of the USB C for cars Yeah. That if you come into the shop and they wanna know what's going on with your car, they plug in there, but you can control the car through there.
Speaker 1:And so it works with 100 of different cars, gas, electric, all sorts of different cars, and it's a fantastic product. Like, it is so much better than the stock system in Mercedes, BMW, Audi, everything except for Tesla. It's way better. It It keeps you dead center in the lane. It's insane.
Speaker 1:Like, you do I've I've driven this thing for hours, hands in the lap, feet on the floor just sitting like I'm a passenger. It's amazing. Crazy. It's it's so so good.
Speaker 2:We should put it in a in a p one.
Speaker 1:I I I'm trying to get him to put it in better cars because it's he's he obviously focused the from
Speaker 2:a marketing standpoint.
Speaker 1:Obviously, they focus on Fast
Speaker 2:cars have always been good marketing.
Speaker 1:Yeah. They focus on, like, the most popular cars. So it's a lot of, like, Hyundai's and, and Hondas and, you know, just random cars. But you put that thing in a Rolls Royce. Like, that's what you want.
Speaker 1:He he has a Rolls Royce, and and it doesn't work because it has mechanical steering. So there's a lot of cars that aren't compatible, and now there's cars that are encrypting the o b t the OBD 2 port to lock out comma, which is such an anti feature. It's so hostile. So we need a boycott of any of any car company that's disabling comma, and then we need comma to start being sold into solutions.
Speaker 2:The only thing I would say is if if you're a manufacturer and you're allowing people to add this open source self driving functionality, does that open you up to any risk? It shouldn't. It shouldn't. It shouldn't. But it's America.
Speaker 1:So Like, now Apple's gonna tell you what phone case you can put on. Like, this is America. Like, let me be free. You know? Yeah.
Speaker 1:Right to repair is important. Let me let me hack on my stuff. This is this is George's lineage. He he was the 1st guy to jailbreak the iPhone. He was the 1st guy to jailbreak the PlayStation.
Speaker 1:And, he and and that's essentially what he did. He jailbroke cars.
Speaker 2:Yeah.
Speaker 1:And so he's built this fantastic product that I highly recommend to anyone. It's, like, a couple $1,000. It'll upgrade your driving experience incredibly. So he continues to say, tons of self driving car startups have shut down with 0 to show for it. Ghost Autonomy raised $240,000,000 worth 0.
Speaker 1:Argo AI raised 3,700,000,000 worth 0. Investors are now going to waste 1,000,000,000.
Speaker 2:About Argo.
Speaker 1:I know. Investors are now gonna waste 1,000,000,000 on humanoid robots. Can anyone stop this train wreck? It is just as obvious as last time. Kama is the furthest along with the scalable tech needed to solve self driving and eventually humanoids.
Speaker 1:We have end to end methods shipped that 10 k people are now driving with, myself included. You can buy it on our website, and we have state of the art learned world model simulator tech, which is a lot more pure than what Tesla is doing. Self driving is a couple years from its AlphaGo moment. Again, nobody will believe me because this believe because believing me isn't the hype way. It doesn't allow for brain dead idiots to throw 1,000,000,000 of dollars at large scale garbage.
Speaker 1:It requires 10 to a 100 very smart people carefully fixing the bugs in a fully end to end software stack. That's just how the problem is. By the way, if you are one of those 10 to a 100 smart people who actually wants to solve self driving, what not whatever Cruise did for the last 10 years, come work at comma. We have the most straightforward hiring page I've ever seen. Hiring is a challenge and bounty based.
Speaker 1:And, yeah.
Speaker 2:Potential brother of the week here.
Speaker 1:Let's put them to the side. Yeah. Fantastic. George is, amazing to talk to and hang out with. Brilliant thinker.
Speaker 1:And I think he's I think he's right that, the the the model that will win is very, very tight. Jerry, are you familiar with, like, end to end self driving? Basically, the the AI takes in images, and there's no so the default way to do, self driving is you use the AI to understand the world and basically, identify the lane lines in the images. Mhmm. But then you translate those into, like, something that like a video game world, and then you're using c plus plus not machine learning to mathematically calculate what the accelerator should do, what the steering wheel should do.
Speaker 1:But you don't need to do that. You can actually go end to end and have a machine learning model from start to finish. Just look at the images and decide what the output should be. Just translate from, if you see this, apply breaking pressure. If you see this, apply the accelerator.
Speaker 1:If you see this, steer left, steer right. And that is where Tesla's going. That's where Comma already is. And Yeah. Everyone else is just completely messing around with, like, crazy models that don't scale.
Speaker 1:And so
Speaker 2:You you're you're saying that's what Waymo is doing even with their full, like, lidar
Speaker 1:I'm not sure what the latest and greatest with Waymo is, but George has always been bearish on Waymo because they had at one point, they had a cone guy whose job it was was just to write software to identify cones, and that's an example of, like, they were able to throw so many resources at it that they had a cone guy, a stoplight guy,
Speaker 2:A dog guy.
Speaker 1:A dog guy. You know. And and their their whole job is just build a model that just identifies
Speaker 2:It's good to have guys
Speaker 1:all those together.
Speaker 2:But more so like you got your guy for private security
Speaker 1:Exactly. Exactly. Yeah.
Speaker 2:Or something like that.
Speaker 1:Yeah. And so, the the the the model of trying to get every edge case in in George's world is that that is a failing strategy because eventually like, you won't eventually, you'll get to, oh, there's an order of magnitude more edge cases, and then there's another order of magnitude edge cases. But scale allows you with a scaled machine learning model to capture all of those essentially and learn the actual underlying behavior of a human. Yeah. And so, yeah, still very bullish on Kama.
Speaker 1:The company's too small, should be bigger. It's fantastic. I I love it.
Speaker 2:So long term so he's he's already saying
Speaker 1:long term. Right? So
Speaker 2:he's saying, like, we're 2 years out from the I
Speaker 1:kept asking him, like, why don't you go and raise $1,000,000,000? He's like, because that wouldn't pull things forward. Like, this stuff just takes time. We need great people working on it. We need to just collect the data, continue.
Speaker 1:Like, there's nothing that we can do to pull this forward. I wanna own a lot of my company, and I wanted to solve this. That's all I care about. Very cool. Let's go to Jason Lee.
Speaker 1:Behavior. He says, this is my first angel investment of 2024, Augmental. I'll be onboarded Friday and soon be able to shitpost on Twitter with my mouth. K.
Speaker 2:So I I know nothing about this company Yeah. Except that it seems very clear that it's a human machine interface Yeah. That uses the retainer form factor or Invisalign form factor. Yeah. So I'm assuming you get to talk into it.
Speaker 1:I I think we talked about this on a previous episode.
Speaker 2:Oh, you get to whisper into it?
Speaker 1:Yeah. I I was I was talking about, like, you know, with the AirPods, it can be very distracting to, like, talk. But, when you get your wisdom teeth out, you could essentially, like, put a microphone in there and then be talking or whispering.
Speaker 2:You lose the wisdom of the wisdom teeth
Speaker 1:Yes.
Speaker 2:But you add the wisdom of language models.
Speaker 1:Exactly. So then you can just whisper, and the and the AI can take that in or the phone call or transcript or anything like that.
Speaker 2:Imagine having friend.com Exactly. In one
Speaker 1:of your molars. Because you can wear
Speaker 2:it in
Speaker 1:earpiece that
Speaker 2:no one can hear,
Speaker 1:but talking is still disruptive. People hear what you're saying. But if you're just able to whisper and it can pick it up, that's pretty that's pretty powerful. So this seems like a better solution than going in, for anesthesia and getting your wisdom teeth out. Just pop the retainer in.
Speaker 1:So probably, an interesting thing. Huge huge huge pushback on the form factor. I'm sure people will be like, that's disgusting. It's, like, getting moldy and stuff. But, but I like that someone's trying it.
Speaker 2:Yeah. Let's, Jace Jason, let us know how it goes. Yeah. Once you're post at us using the using the mouthpiece.
Speaker 1:Yeah. Interesting. He made the angel investment, and he is getting onboarded but hasn't actually used it yet.
Speaker 2:I'm excited. Picture, though.
Speaker 1:Let's, oh, this is great. Let's go to Everett Randall. He says, have never been more bullish on a podcast slash x account than Tech Bros Pod. Can we get a coin going so the early adopters can invest? Thank you, Ev.
Speaker 1:We really appreciate the shout out to love.
Speaker 2:And we replied back the best way if you wanna benefit from the show, buy LVMH stock. Yep. It's just a fantastic proxy.
Speaker 1:Yep.
Speaker 2:And we we see that stock.
Speaker 1:We're buying a lot
Speaker 2:of champagne. We we buy we don't give stock tips or anything like that. We're not we're not Jim Jim Kramer over here. But, but, yeah, it's you know, we're buying a lot of champagne. We double quite frequently.
Speaker 2:And so we we champagne. We double quite frequently, and so we we expect that those sales to to to really help, the French conglomerate. So And and, it's great to be supported by another member of the holy trinity. Totally.
Speaker 1:I have over at Kleinert Perkins, one of the holy trinity firms. Fantastic. I think we got Sean Maguire next. Hopefully, we can get Sequoia on board with the Tech Bros Pod movement. And, then I think it's in the bag.
Speaker 1:In the bag. Let's go to Sean. He says, you can't make this up. The information runs a provocative headline asking if SpaceX's valuation is irrational, but their math is off by a factor of a 1000. $350,000,000,000 divided by, 2 times 4,000,000 equals 43.75 k.
Speaker 1:This also doesn't count Starlink Enterprise and gov revenue that's or that it's doubling year over year. And so, of course, the, they're not. They might write the DealMaker newsletter, but over at The Information, they're not DealMaker. They're not DealMaker. Not a lot of Excel over there.
Speaker 1:A lot of Microsoft Word.
Speaker 2:Here's what I'd like to see. Let's get Sean a position at The Information as executive at
Speaker 1:at Contributor. Yeah. Contributor.
Speaker 2:And just run the articles by him before you put him out. He will catch it. Like
Speaker 1:I think so. On it. He he would have caught this.
Speaker 2:He's effectively like, he's doing he's doing the work for them already. He should get paid for it, I think.
Speaker 1:But but I I respect Sean, a capital allocator putting the information in the truth zone. That's important. There's a reason people have been calling it the misinformation. We obviously don't promote that. But, you know, with errors like this, you know, it kinda makes sense that people refer to as the misinformation sometimes because this is this is a big Absolutely.
Speaker 1:Big mistake. Hopefully, they'll issue a mea culpa and, just shut the entire operation down. Let's move on to, Trent Griffin. He says SpaceX share value share sales values the company at about 350,000,000,000. Tender offer includes 1,250,000,000 of stock at a 185 a share.
Speaker 1:Bloomberg. Employee liquidity for the win. We are selling to willing buyers at the current fair market price. Yeah. It's good.
Speaker 1:Get those get those employees' liquidity. I mean, the company is 20 years old. Like Yeah. Yeah.
Speaker 2:It's like you could exactly a speed run.
Speaker 1:You could be a new grad, and your company's still not public. It's like you're 45 now. Like, you have a family and, like, college to pay for. Like, yeah. This is not this is not, oh, some c stage founder who wants to, do some cheeky secondary and buy a sports car.
Speaker 2:Yeah.
Speaker 1:This is, you know, I need money to pay for my kids' education.
Speaker 2:It's not it's no longer cheeky secondary.
Speaker 1:But, you know, if I work there, it'd be hard to sell. It's a pretty good company.
Speaker 2:Yeah.
Speaker 1:Let's go back to John Feo. He says, America has totally forgotten about small town America. We're about to remember that this life is not only possible, but better. The next wave happens in small town America. Full stop.
Speaker 1:This is the next frontier. And he shares a picture from Portland, Maine. Yeah. I love that Phil actually lives in a small town. Like, it's very it's very cool that he
Speaker 2:went to I mean, Nashville is not exactly a small town, but it's certainly smaller than New York.
Speaker 1:Yeah.
Speaker 2:Yeah. Yeah.
Speaker 1:He's he's he's moving in that direction.
Speaker 2:Yeah. Yeah. Yeah. Which is great. He'll eventually be the mayor of a small town Yeah.
Speaker 2:Somewhere. And I think so. Yeah. I think I think it's I I mean, this every once in a while, a post will pop up and it and, it'll be like there's not a housing crisis. You just don't wanna live in Idaho.
Speaker 2:It'll be like a $300,000 house. It's just like beautiful 4 bedroom house on an acre Yeah. Like, near, you know, walking distance to the city or whatever. And so, yeah, I I think I think we're the whole remote work trend is actually a multi decade trend where people know you know, it's still, like, underhyped in many ways, and it hasn't had the level of impact that it will when people realize, like, oh, I can go move to a small town with a group of my friends and make it, you know, make it something new.
Speaker 1:Let's go to promoted post.
Speaker 2:Promoted post, we got a promote post here. This one is from Will O'Brien, friend of the show. He says join the Ulysses founding team. Come be my right hand on on the GTM front at our base here in San Francisco and help us scale our technology around the world. We are reducing the cost of doing critical ocean activities like how SpaceX is reducing launch costs.
Speaker 2:We've developed technology that reduces the cost of seagrass restoration by 10 x and closed 1,000,000 of revenue. This is just the start. Ulysses is on a path to power every ocean task and become critical infrastructure for the $8,000,000,000,000 ocean economy. Our mission is to steward the the ocean for an abundant future. This was top of mind, for me.
Speaker 2:There was a post that went viral, this week. I think Steinman covered it, and Will covered it as well, talking about how China has these floating cities where they'll just show up somewhere and just, like, completely strip all life out of the ocean and just, like, kill everything. Ship it back to China. And Will was, maybe a little bit shitposting, but talking about how, talking about wanting to, prevent that and and some of the technology that he's building. So ocean economy is 8,000,000,000,000.
Speaker 2:If you wanna work at a potentially a future $1,000,000,000,000 company, go work, for Will, the SpaceX of the seas.
Speaker 1:And tell them the technology brother sent you. Let's go to Preston Holland, the private jet guy. So seen in a group, Lowell, and it's a post, that says, I have a large social media influencer that is looking for an empty leg from Miami to Philly in exchange for incorporating the jet or broker company into the video and being tagged and included in all posts. 250 k followers on Instagram, 900 k on TikTok, 150 on YouTube. Is anyone interested in being involved?
Speaker 1:I can provide all the analytics for each of his pages. DM me with interest. It's funny. Why not try? Yeah.
Speaker 1:Yeah. 100% of the shots you don't take. Yeah.
Speaker 2:Go for it. The thing I would respect, it's not like a super small time. It's not like a, I I think 900 k on TikTok gets you squarely into the influencer bucket. You're no longer a micro influencer.
Speaker 1:Yeah.
Speaker 2:You know, micro influencers still that 10 to, like, a 100 k range, somewhere in there. So anyways, good good shot on goal. There's 7 is there 7,000,000 full time influencers in the United States, something like that? So these people need to fly private sometimes. Empty legs are a great way to do that I love it.
Speaker 2:If you're just getting into the game.
Speaker 1:Let's take a quick break. We'll be right back. We are back, and let's go to a post from David Senra. David Senra writes, Brad Jacobs has started 8 different $1,000,000,000 businesses. He was kind enough to invite me to his home, and we had an incredible 2 hour conversation that felt like 20 minutes.
Speaker 1:I made an episode about what I learned. Episode is available now. Highly recommend going and checking out the Brad Jacobs episode on Founder's Podcast. It's in your RSS feeds. It's on Spotify.
Speaker 1:David's a good friend of the show, godfather of podcasting in many ways. And, it it's just it's it's really an l like a testament to the power of podcasting that, this was able to happen because of all the work that David's put into his show. He spent years years studying the great entrepreneurs. Yeah.
Speaker 2:And for every for every episode that he does like this, he gets 300 people reaching out saying, can we do can I can we do an can I do an episode with you? Yep. And so he's saying no to, like, 99% of them.
Speaker 1:Oh, yeah.
Speaker 2:And then a handful actually are worth doing, and, you end up with content like that. Yeah. But Brad Jacobs is an animal. Like, he has, like, a very methodical way that he builds 1,000,000,000 of dollars of enterprise value, and he's done it over and over and over.
Speaker 1:Yeah. Yeah. And he wrote a book. That's great. So David's able to cover it.
Speaker 1:How to make a few $1,000,000,000, I think it's called. It's great.
Speaker 2:Such an incredible name.
Speaker 1:But but it's amazing because, you know, David, like, so many of the books are by founders who have passed away. And it's it's very much like a history show, but Yeah. He's, in many ways, like, caught up to reality and covered so many people that now the great entrepreneurs of this generation are like, I wanna talk to you. Yeah. Yeah.
Speaker 1:Yeah. I I looked up to Rockefeller.
Speaker 2:I looked
Speaker 1:up to a good job.
Speaker 2:Example of you know, we we've talked on the show a lot about how if you're doing anything in start ups and venture and you start asking for people to sign NDAs, it's like a very negative signal. Yep. Brad Jacobs has basically published his entire strategy and methodology for building $1,000,000,000 companies. Yep. And he's willing to put it all out there because it really is so much comes down to execution that he can write out exactly what he does, and he's still not worried that other people are gonna attack his business, his existing companies, or or go after new opportunities that he wants.
Speaker 2:So, anyways, tons to learn from that book, though. And That's great. Great work from David.
Speaker 1:Let's go to Gabby. She says, whoever did all this to the photos app needs to be tried at The Hague. This is so
Speaker 2:real. Have you have you tried I mean
Speaker 1:It's awful.
Speaker 2:The whole 18 Ios 18 Yeah. Point 1 is is it the worst update that I can ever remember. I posted about this myself. One of our listeners said that it was LinkedIn coded, and I was I was angry. But the photos app is is truly abysmal.
Speaker 2:Like, I go in there knowing exactly what I wanna get, and it's like playing whack a mole trying to just find, like, the right section of the app.
Speaker 1:I will steel man it. I think that they are going through transition, and they wanna get away from all the the hard coded UI entirely. And they want it just to be a search bar at the top, and they want search to be so good that you can actually just search for, dog video, and it will automatically filter for videos, and it has dog in there.
Speaker 2:No. I totally get what they're trying to do. I wish there was a way
Speaker 1:Go and pick.
Speaker 2:I still wish there was a single place that gave you the feed of photos because that's really what I want. I don't care about the AI organization. Yeah.
Speaker 1:And there's all these times when I download a video an image from the Internet, and it has a different date because that that image was created a year ago, and so it just goes way back. And I'm like, where is this thing? And I wind up saving it 5 times. I wind up just taking screenshots, and then those are messy. It it's just a disaster.
Speaker 2:And the video the video functionality of the camera completely broke for me. I had, like, 5 or so different, like, moments with my children that I recorded. And then before realizing that, like, it no longer saves videos for me. So standing by for an update there.
Speaker 1:Yeah. That's great. Let's go to TJ Parker. TJ says the best chance Democrats have in the next election is running Alex Karp. I love that.
Speaker 2:Karp
Speaker 1:is the man, very thoughtful philosopher, been on the left for a long time, strong Democrat, but understands the importance of the western order and has been
Speaker 2:And great style too, which matters.
Speaker 1:Yeah. The problem is is that he's just he's just running too too important of a company to step back. I don't think he can do it.
Speaker 2:Yeah. But he's got a lot of runway. So
Speaker 1:but I would love to see it. I would I would be happy to support Karp in a future election. I hope it happens. Let's go to
Speaker 2:Hold up, John. I gotta jump in here with a promoted post. If there's 2 things we love on this show, it is capital allocators and watches. We just wanted to jump in here and support Bill Ackman. He says a little bit of shameless promotion for my favorite watch company, Bremont.
Speaker 2:The Bremont Submariner Submarine 500 meter automatic and camouflage ceramic. Perfect for the toughest city streets and underwater operations. So I love that he's, showing that this is a versatile watch. Yep. I'm sure Ackman wears these in boardrooms during activist campaigns and even when he's getting wild over the weekend doing some underwater operations.
Speaker 2:So anyways, fantastic looking watch. Wasn't familiar with Bremont, but, now I am. And, thank you for promoting fine watch making, Bill.
Speaker 1:And I believe he's an investor in the company or he owns the company, which is
Speaker 2:I would hope so.
Speaker 1:At a certain point, you know, we we have the 2% rule. For a capital allocator of his size, the only option left is to buy the whole company.
Speaker 2:To buy the damn thing.
Speaker 1:Buy the damn thing. Let's close out with Daniel Dojon. He says technology brothers only want 4 things in life, and it's disgusting. And it's a picture of, beautiful woman with a baby, a private jet, a wonderful Patek Philippe Grand Complication, and a Ferrari 296, I believe. Fantastic choices.
Speaker 2:Daniel.
Speaker 1:You definitely have taste.
Speaker 2:He is living it. Go, check out his company, Readwise. Oh, yeah. Thank you for being a, listener and supporter of the movement for Loud Opulence.
Speaker 1:Yeah. We love it. We hope to see more of those. Send us your photos. Send us your ideas.
Speaker 1:DM us questions. We'll answer them on the show. Follow us on x. Subscribe to us on YouTube. We have video on Spotify now, so go check that out if you're listening on Spotify.
Speaker 1:And we have to jump because our tailor is here. Not a joke. We are actually getting fitted for new suits. So It's important.
Speaker 2:Stay safe
Speaker 1:out there.
Speaker 2:The show would not be possible without suits.
Speaker 1:So Thanks for listening.
Speaker 2:Thank you. Bye.