SPEAKER_00: i provided alex ceo of deal with a lot of rippling confidential information including rippling's product roadmap which indicated where rippling was currently providing services and where it sought to expand i also passed on the deal quote battle card a document that instructed rippling salesforce on what arguments to make to potential customers about the superiority of rippling's products over deals i also provided alex with many of rippling's sales leads jason in terms of like the crown jewels right if you're a reporter the crown jewels is getting

SPEAKER_01: someone's income statement right but if you're a competing sass provider this is what you want

SPEAKER_02: this week in startups is brought to you by kite looking to get out of the city rent a car with kite kite delivers rental cars to your door no counter no lines no hassle download the kite app today and use code jason to save 10 on your first rental atlassian from mvp to ipo atlassian for startups provide your team the right tools to plan track and collaborate on work head to atlassian.com startup twist to see if you qualify for 50 free seats for 12 months and lemon.io get access to lemon hire a platform with more than 80 000 pre-vetted engineers that you can interview within 48 hours get 2 000 off your first hire at lemon.io hire today hey everybody

SPEAKER_05: welcome back to this weekend startups i'm jason calacanis we do the show three days a week monday

SPEAKER_07: wednesday friday we do it live when you watch the live stream with alex and i you get to uh get about i don't know 20 30 minutes more content a little bit of bantering as we record the show and then those live feeds go away uh we will be adding images uh onto the live feed of our sponsors for the day's program so uh team let's make sure we do that you can follow along on the docket this week in startups.com slash docket if you go there you'll watch alex lon and the team build out the docket the stories we're going to talk about and you can post comments there uh and it's just a fun way to go along the show in the show notes we're doing really great show notes we're doing chapters i hope in the uh for the podcast now we're just trying to get our podcast game you know just really chef's kiss if you

SPEAKER_12: will doing quite a lot of work on it of course feedback's always welcome so alexw at launch.co if

SPEAKER_00: you have notes about things we can improve uh but yeah you can always drop comments in the docket i see and read every single comment people drop in so if you want to reach me directly please do so context things we've missed these stories we might want to take a look at we are always listening to everyone out there who's uh part of the i don't know jason twist gang maybe yeah the whole the

SPEAKER_16: the whole group and uh we also are hiring we're hiring uh if you're interested in being the venture

SPEAKER_07: business we are hiring in austin that's the starting point if you're out of school maybe a

SPEAKER_16: couple years experience or you're looking to do a career change basically what does a researcher do their research topics for launch uh our venture firm which produces two programs found university the launch accelerator and of course we do this week in startups the researchers are just the critical role they meet and sort through 20 000 applications for funding a year we meet with probably 20 percent of those about 4 000 of them 5 000 of them we put them into our database we track

SPEAKER_07: those companies the ones with the best teams and maybe the best execution as we see it just a great way for you if you wanted to break in and we're also hiring we're hiring another video editor here we need somebody who uh is good at um shorts we're trying to figure out shorts but i'll be honest we've never gotten it right we're kind of boomers producer nick who went over to all in was great at

SPEAKER_16: shorts but i don't have him anymore i need i think i need a a tick tock native so if you're a tick tock native uh go ahead and pull up that link if uh somebody can let me put it over here i got you

SPEAKER_20: uh oh you got it okay pull up the link uh it's a job description on linkedin you can go find it if you

SPEAKER_07: uh follow the launch account there and uh this would be in the office with me lon chris and the team we have our just podcast producer editor uh and uh yeah entry-level job uh but if you have more uh experience yeah it could go up from there so if you're an entry level and you're just doing tick

SPEAKER_16: tock on your own great if you want to uh if you got a couple years experience that's okay too we just need somebody who's native that's what we're doing tick tock shorts here and youtube shorts we're

SPEAKER_00: trying to figure it out okay all right let's get to work things not to do you should go out and learn things you should teach yourself new skills but if anyone ever offers to pay you jason a couple of thousand dollars a month to learn how to be a spy uh say no so the news is that we have new uh information about the rippling deal suit uh as everyone i'm sure recalls rippling and deal are both jason outsourced hr providers they'll help you make sure your employees are paid both in your home country and abroad they're both large they're both unicorns they're both well known so when rippling said that deal had put a spy essentially inside of its operations to exfiltrate information it was a pretty big darn deal things died down for a bit we waited for more information and now have it the spy the mole has essentially come clean and put together a large almost confessional that we have pinched well he definitely got pinched but he was still considering we'll get into the the why he decided to come clean towards the end here but i want to walk people through what we've learned

SPEAKER_38: today just if that's okay yes we should totally do this because corporate espionage is incredibly

SPEAKER_07: entertaining two high growth companies in a spat both of which apparently now have you know let's call it sharp elbowed founders right parker conrad had an sec violation against him i'm kind of like on the periphery of it because i like parker conrad i think he's like a cool founder and he's like a super aggressive founder who made a couple of mistakes got an sec claim against him whatever um you know it happens i'm not condoning it but i'm also not saying young people who make mistakes should like he didn't murder anybody let's leave it at that but parker conrad you know like pretty aggressive founder with sec violation is now up against the deal founder yep uh who hired a literal rippling employee

SPEAKER_16: to spy on the company and has been caught with his hand in the cookie jar yes they're both i think yc companies uh and this also speaks to a larger um silicon valley and specifically why combinator rule

SPEAKER_48: breaking ethos so rippling was a the winter 17 cohort and deal was the winter 19 cohort so a little bit ago um but both companies went through yc well-known founders and i'm going to show some screenshots

SPEAKER_08: before we do that i also just want to put out a disclaimer i have exposure to both companies through

SPEAKER_26: venture funds i'm in and i think one of our companies i won't say which was acquired by one

SPEAKER_07: of the companies i don't want to okay yeah you know just create this but you know we invest in 450 companies sometimes a company we've invested in 450 companies over 12 years sometimes a company gets acquired we wind up with some shares none of it is like enough for me to have like a horse in the race none of it is it's all de minimis in terms of its impact on me it wouldn't affect my coverage of this but as we say in the business no conflict no interest i'm an investor in 450 companies and

SPEAKER_21: i'm an investor in 20 venture capital firms some of them are higher profile than others um and you

SPEAKER_07: would know them and they have it okay so let's get to this case because in ireland the person confessed in an ireland court for some reason i don't understand because they were out of the the

SPEAKER_00: irish uh rippling office if memory serves so this was a person based in europe so i want to start with how much money this person was paid so jason here is two kind of combined screenshots from the uh release and i'm going to go ahead and sportscast a bit here for folks who are when you say release

SPEAKER_65: this is a news story this is a deposition this is a court document court filing from the high

SPEAKER_68: court of ireland okay but it's from the voice of the alleged spot so he's he's thank you for adding

SPEAKER_48: alleged oh yeah is it alleged if he confessed uh i think it's alleged until someone is um convicted

SPEAKER_75: because i would like to avoid extraneous uh legal what about admitted spy uh self self-admitted spy

SPEAKER_48: okay go all right so he he says uh alex and philippe the founder and his father was also the cfo

SPEAKER_00: said that i would be paid approximately 5000 euros per month for spying on rippling for deal and that i would be paid around the sixth of the month they established payment terminology so when he wanted to get paid he would quote send a picture of a watch to the payment chat and philippe would say send that watch to london then he would say the buyer is happy i understood this to mean that alex the buyer of rippling's confidential information was happy with my services and the information i sent jason as

SPEAKER_79: far as code speak goes that sucks but at least they were trying to obfuscate a little bit i guess i

Chamath Palihapitiya: mean i i don't want to critique spycraft but here we are um why not send or hand the person

SPEAKER_07: you know a thumb drive with tether on it like if you're going to pick a way to pay somebody mm-hmm pick the one that human traffickers money launderers and terrorists allegedly prefer allegedly preferred by human traffickers and terrorists everywhere tether so they should have just been giving this kid tether on a thumb drive you know or dropping a thumb drive to you know based on my uh spy novel and you know knowledge they should have been putting tether on a thumb drive

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SPEAKER_90: download the app kyte.com right now so here's the next quote what is this this is what was actually taken

SPEAKER_00: so uh let's read the quote here yeah i provided alex ceo of deal with a lot of rippling confidential information including rippling's product roadmap which indicated where rippling was currently providing services and where it sought to expand i also passed on the deal quote battle card a document that instructed rippling salesforce on what arguments to make to potential customers about the superiority of rippling's products over deals i also provided alex with many of rippling's sales leads jason in terms of like the crown jewels right if you're a reporter the crown jewels is

SPEAKER_01: getting someone's income statement right but if you're a competing sas provider this is what you want

SPEAKER_38: the product roadmap is extremely damaging um if it was accurate some of it might be obvious but it would

SPEAKER_07: give you the ability to front-run announcements um and then it would give you the ability to um

SPEAKER_16: say to investors or to your team or to your customers in other words your constituents look we release these three features rippling is just the fast follower they copy us right so you could really damage parker's reputation and rippling's reputation in this case by making them look like a fast follower when in fact you're if this is all true i i can't imagine that this is um to fabricate this would probably be a bigger crime than actually um doing the crime right like if you were to say this about

SPEAKER_90: deal and it wasn't true this person would be in massive slanderous trouble um it's either truth or the biggest defamation case in the history of mankind so okay great so here we go all right so

SPEAKER_00: keep in mind that we we heard about um a honeypot trap that they set up jason yes as it turns out

SPEAKER_48: there's a little bit of commentary on that in the uh in the notes that we got and essentially yes alex did ask him to pull that up and then he did and then he said wait don't do it it's a trap and he already

SPEAKER_00: had after he got caught there was a amazing bit of drama in which the uh the spy was essentially accosted at the office so we have that quote about what he did when he got pinched as jason said earlier so on friday march 14th 2025 by the way that's like two and a half weeks ago i went into the rippling yeah believing that i was there to pick up a compliance award from one of my co-workers an independent solicitor served me with a court order required inspection of devices uh he lies and says his phone's upstairs they go up gets his bag comes back downstairs once we got back upstairs after retrieving my bag it started to sink in just how serious this was i panicked i went to the bathroom with my phone and performed a factory reset on it erasing all of its contents including apps and contacts i flushed the toilet a couple of times when i came out i just wanted to get out of there started to walk out was told and warned that i shouldn't do that and he and then i said i'll take that risk and left this matches what deal alleged in the original suit down to a t but the wrinkle here is that deal thought he might have had to sorry uh rippling thought he might have tried to flush his phone turns out he was just making some noise to have you pass the time in the bathroom uh but i do love that they had to search the pipes by accident because they did

SPEAKER_107: ah again i'm not a spycraft expert here jason but this i am i am a spycraft expert i uh people don't

SPEAKER_54: know this but i did spend some time in a couple of agencies my time is over now so i can talk a little bit about my time in the musad cia and some other three other organizations this is just very low grade spycraft if you're gonna do spycraft you got to do it at a higher level folks you got to watch day of the jackal you gotta just check out what musad is doing kgb is doing there's much better corporate

SPEAKER_07: espionage techniques this is just bush league it's an embarrassment disgraziad for being a spy but

SPEAKER_08: disgraziad.com at an even higher level for not being a great spy if you're going to be a spy i just i talked about this at the top of the show you should aspire to be an elite spy be top one percent

SPEAKER_62: top ten percent this is bottom ten percent this is bottom decile this is negative ir or venture

SPEAKER_48: returns level crap um i'm gonna run one little quote just before we we scoot on asif deals in-house lawyer said he was speaking in a quote personal capacity and that rippling quote have nothing

SPEAKER_00: they suggested flying my family and me i to dubai that night saying we quote all need a holiday so

SPEAKER_20: they wanted to a holiday i think it means a place without extradition that is a nice place to live

SPEAKER_26: so um i guess we have to ask what happens now um and then maybe talk a little bit about corporate intelligence versus corporate espionage one is okay one is not okay but go ahead you have something you

SPEAKER_48: want to i i i was gonna uh prognosticate what i think happens but then i realized that you're actually going into different directions so i'm going to hand the baton back to you okay so um what happens

SPEAKER_16: next is this criminal this is criminal so where's the criminal case it must be being built by the fbi

SPEAKER_07: and the department of justice right now this is happening in ireland there's been a confession this is a legal document so we have to get i looked online for this and i couldn't find it this is moving very quickly in the last two weeks but i don't think a criminal complaint has been filed yet so

SPEAKER_122: i'm wondering there's a suit between rippling and deal about this as a private civil suit oh oh you referred is there a like a federal criminal corporate espionage stealing like waymo versus uber

SPEAKER_20: or alphabet versus uber that was a criminal case when lindowski was pinched so i i i i was thinking more

SPEAKER_00: in terms of startup and you know blowback versus criminal investigations blowback is going to be

SPEAKER_20: he's going to lose his job he the reason he's still in his job and these people are still in

SPEAKER_07: their jobs is they don't want to admit guilt by leaving or resigning so the board needs time to process this collect the facts that's why you don't see things happen immediately this isn't like he murdered somebody these are allegations so we keep that in mind you know it could be possible it's not probable that this confession is a cya by this person and you know it's all a big misunderstanding or something they hired him as an information consultant i'm just putting out what

SPEAKER_16: the logical defense here would be is we used an expert network i get offered to be part of expert networks all the time they pay five thousand dollars an hour for an expert network what an expert network does is they obscurify who you're talking to and they say you're talking to somebody who's in

SPEAKER_07: the smartphone business ah that's great then you as somebody working at apple or htc or xiaome or google can talk to five experts in the industry now they might tell you the person hails from asia or north america or europe and they're a senior executive and then you talk to them you pay five thousand to the agency and that person gets paid five thousand these expert networks if you look them up have been

SPEAKER_16: pinched or you know uh they're a gray area of corporate intelligence so there's corporate intelligence and there's expert networks so i was going to bring this piece up because this is where the gray is in our industry this if the allegations are true and the confession is true this is like criminal straight up criminal and that means everybody loses their job some people go to jail some people get suspended sentences it will be out of deal and um rippling's hands if it becomes a criminal case they no longer there's no settlement that occurs the government decides oh here's a ceo who's a billionaire here's their lawyer who's you know got a 50 million dollars worth of stock chef's kiss this is a martha stewart like pelt all right if you're shipping a product or rolling out

SPEAKER_86: an update you're building a company you need to be organized right we know that atlassian has exactly what you need to streamline your work and smash your goals and the atlassian for startups program is packed with all the tools you need like jira where you can track every task sprint and bug that's the industry standard confluence another industry standard for team collaboration and documentation and of course loom for quick video explainer creation now loom is really brilliant my team started using loom on their own they started paying for it on their own why they wanted to get credit on the investment team for communicating to me the general partner of the firm why they wanted to invest in a company so they would do a loom where they recorded over a recording of an interview they did with a founder or visiting their website and going through why they want to invest in a company and this was so great for me i would be skiing in japan i would be on a flight to new york to see my parents and all of a sudden i get a notification for one of my team members hey watch this loom and i get the link for the loom i click it and then i can put comments at any time so it's like doing a conference call but on my time asynchronously and i can communicate right there on the video also included in atlassian for startups is compass jira product discovery bitbucket so much more all powered by atlassian intelligence that's their built-in ai atlassian software helps companies like canva cloudflare and rivian keep growing and keep innovating whether you're brainstorming on sticky notes or scaling to the big leads atlassian is here to accelerate your startup's growth check out atlassian for startups where eligible startups get up to 50 seats for free for one full year that is absurdly generous why can they be so generous at atlassian because they're the standard atlassian is the standard and they are generous to startups because they were once a startup i remember

SPEAKER_132: meeting them 20 years ago in australia what a great company head to atlassian.com startups twist

SPEAKER_133: for complete details they love they love love love getting ftx they love getting spf you know this

SPEAKER_16: they love theranos they love a billionaire pelt because you know there's so many kids in jail for selling weed or fentanyl or whatever and they get 10 years and then everybody questions hey what about

SPEAKER_00: the white collar criminal i'm just really curious about how the board handles this from a purely selfish perspective failure of governance failure to you know be the the adults in the room can boards catch

SPEAKER_07: this sort of thing or is this below their line nope when you're on the board you're meeting four times a year you might have phone calls or text messages chats emails in between those and you're

SPEAKER_16: looking at the top level information a ceo can do all kinds of things they can absolutely pay their cousin in an llc to be a consultant and it's buried in the marketing budget and you have no insight

SPEAKER_07: into it and you're screwed as a board member and then that's why whistleblowers exist and that's why whistleblower protections exist that's why lawsuits and drive-by lawyers exist because if something went awry at the christmas party and somebody you know i don't know streaked at the christmas party uh across the front lawn of veranos somebody's going to report it to hr or somebody's going to email a board member or they're going to email whistleblower at deal.com right and there are

SPEAKER_16: whistleblower protections in place for this reason and um this is why boards should be have some independence to them so i wouldn't blame the board here they did not know this there's no way they could have known this if they did know it they would have resigned and they had a lot at stake so

SPEAKER_141: even when so much at stake yes because this is a really successful company this is the equivalent

SPEAKER_16: of somebody's robin hood com or uber for me or for chamath his slack right when something like this happens and you've got a big stake in it you're like you know what my lp stake in this my personal stake in this the employee's stake in this the company's employees jobs the customers they're more important than a ceo who is behaving badly we've seen this happen when steve jobs got ousted when uber's founder got ousted these things do happen and you see a board take action very quickly

SPEAKER_07: and in those cases those weren't even criminal things they were gray or steve jobs wouldn't listen to anybody or you know travis was aggressive in interpreting the rules uh ride sharing whatever they will all be out of the company in a couple of weeks the board will announce an interim ceo uh or a board member will take over as interim ceo the stock will take a 50 hit and then recover now one last

SPEAKER_12: note about this before we move on to our guest jason you're right this company will survive it will

SPEAKER_55: yes but that makes it deserves to survive you know i would say yeah but but that makes the the stumble

SPEAKER_00: here the ridiculousness the bad behavior the poor choices just all the more ridiculous it's not like there was a founder who was about to like not make payroll and got a little spicy with things it was

SPEAKER_120: like here's a successful company just being a jerk this is a why space yc specific thing there is a punk

SPEAKER_16: rock rule breaking culture at yc they like rule breakers in fact they index for rule breakers they ask people i think in their application if there are things they've hacked etc and so you like a rule breaker you like somebody who hacks systems paul graham always had an affinity for that that's why he picked sam altman to run it he liked sam altman you know maybe doing you know on the margins some things that other people would be more thoughtful about oh you know i'm just trying to be charitable because i like sam um and then when sam was going to be ousted from open ai people said oh it's because of his double dealing so here it is naughtiness is the way he framed paul graham though the most successful founders are usually good people they tend to have a radical gleam in their eye they're not goody two-shoe type good morally they care about getting the big questions right but not

SPEAKER_150: about observing proprieties proprieties that's why i used to use the word naughty rather than evil they delight in breaking rules but not rules that matter this quality may be redundant though it may be implied

SPEAKER_16: by imagination sam maltman of looped is one of the most successful alumni so we asked him what questions we could put on the y combinator application that would help us discover more people like him he said to ask about a time when they'd hacked something to their advantage hacked in the sense of beating the system not breaking into computers so this is the kind of thing where you want people who you know are on the margins uh willing to do things like this and then people interpret that and they take it too far parker conrad took it too far by creating quote unquote the script getting the sec

SPEAKER_07: violation against him that's the culture of silicon valley it is what it is do i disagree with it no i don't i'll be honest i like a rule breaker myself i don't like criminal behavior and that's the fine art here is understanding when you're bending rules and when you're breaking rules if you bend a rule and it's like in everybody's best interest an example of that would be airbnb you're bending a

SPEAKER_16: rule but who benefits people who can't afford hotel rooms you know bottom third of society get to go on a vacation that they couldn't previously do and the hosts get to make money and pay their mortgage you're doing it for the benefit of those two sides of the marketplace where you know you're doing wrong this is the test for founder is who benefits what's the latin word for that it's qui bono qui bono

SPEAKER_150: yeah qui bono qui bono who benefits in this case the deal ceo benefits yeah who loses everybody else

SPEAKER_16: the only person benefiting here is the deal founder uh and when you do qui bono on parker conrad's transgression who benefited he did the company did did the people buying insurance from what was the

SPEAKER_122: company uh uh um not i just i said rippling zenefits thank you zenefits and so did the company that's

SPEAKER_16: why the sec came down in it so here's your filter who benefits uh let's talk to our um a rabbit our friend from rabbit he was on the program i don't know was it two january's ago or maybe 18 months

SPEAKER_01: ago when he was the bell of the ball at cds of the ball yes we're gonna have jesse from rabbit back

SPEAKER_12: on the show everyone recalls that the rabbit r1 device landed with a nuclear shock everyone was stoked about this device reviews were a little bit wrong here but the company has been hard at work

SPEAKER_00: improving both the software and also its digital services so please welcome back to the show it's jesse

SPEAKER_07: lou jesse founders let's be real let's keep it a buck finding great developers is hard it's like one

SPEAKER_132: of the hardest things you have to do in our industry especially when you're trying to run and scale your startup but here's the good news i got a tip that's going to save you time money and a ton of headaches you need to check out lemon.io lemon.io has thousands of on-demand developers who can help you they have done all the work to find and vet great developers who are experienced who are results oriented and who charge competitive rate great developers we know are hard to find and integrate into your team so lemon.io will handle all of that for you they're only going to offer you hand-picked developers with at least three years of experience and if something goes wrong lemon.io will find you a replacement developer asap a bunch of launch founders have worked with lemon.io and they have told me they've had a great experience so here's your call to action go to lemon.io twist and find your perfect developer or an entire tech team in 48 hours or less and twist listeners get 15 off the first four

Chamath Palihapitiya: weeks so stop burning money hire developers smarter visit lemon.io twist did you go to yc jesse are

SPEAKER_173: you a rule breaker i'll show you i was uh in yc winter 15 batch um all the way back in 2014 2015. so that

SPEAKER_171: was a long time who was running was it paul graham or sam it was a it was a last year uh i think it

SPEAKER_173: was the first year paul left it was the first year sam uh got it uh was running and uh with jessica gary tan justin ken bunch of like amazing folks uh michael c ball yeah a lot of was it a rule

SPEAKER_20: breaking culture as i was just discussing break the rules bend the rules hacking culture at that time it was something they emphasized or was it just like an undercurrent no it was like super obvious it was

SPEAKER_173: super cool i think you know uh one interesting first lesson i learned i still remember today is that the first lesson they told you is that 99 of startup will die and i think a lot of the young founders when they first go to the yc you know i was back then 22 23 um i was under the impression be like okay you know i have so much ambition i can build this and that and they're like if your product doesn't work in the first two weeks you're dying so that's like you know a very different culture uh than if you just build by yourself and i i still remember it was a really really good period of time where we have this office hours but i still remember uh office hours for us i just went to michael sable's house and he he was just cooking and he was just making coffees for us and we were just sitting on his counter and you know talking about the the project progress and obviously you know see sam and other people running back and forth um and it was like very intense i would say two three weeks of preparing for that you know the final showcase the the final pitch which i i believe each company got like two three minutes really just yeah it's very short it was very very short um but you got to learn a lot of like you know other ideas other people are building and it was super normal you have probably like i would say 20 of people they completely pivoted by the time they graduate right um which is good you know um it was a good time yeah so you launched the rabbit we'll pull up

SPEAKER_07: a picture of it here it got a lot of attention because you hit it perfectly timing wise everybody

SPEAKER_16: was really enamored by llms and everybody loves hardware and everybody loves new hardware at the time you launch you had uh the human or humane pin humane pin you had these two pendant companies that were

SPEAKER_07: going to do ai pendants and you generally had a belief in the world that ai plus device new fangled

SPEAKER_16: device would be an incredible opportunity you had sam altman supposedly doing a new phone with johnny ivor a new device and raising money for it and like all technological hype cycles people get hyped up on it and then people get disillusioned and they go to the trial of despair and then after that people

SPEAKER_26: come out and they rise again and you can look at that uh alex will pull up that trial of despair and the and the uh that whole chart i'm sure you're aware of it the hype cycle chart kind of thing are we

SPEAKER_07: in the trial of despair and and how are you getting through that and let's talk about your progress

SPEAKER_176: yeah and what it's like as a founder to go through the hype cycle um so first of all i think again we

SPEAKER_173: we met a year ago which uh it was just by the time we're just about to ship um yeah the the luxury for our team is that we did hardware before uh i think first of all if you ever done any hardware project you would completely agree to that chart and you know the timing is very interesting because the core reason for us that we decided to to build this little orange box it's not that we don't like our phone it's that we know this technology is just very disruptive very new and there's a lot of things needs to be changed right so i wasn't even that was quite a different angle than oh i just want to build a new phone or i just want to build a new glass so i guess for us it's always that reason that we decided to uh have this little device uh to be able to run whatever the latest technology that we can put into we didn't even hype about ourselves in the beginning uh if you remember like we were we weren't not officially in the ces we recorded my um introduction keynote in a hotel like lobby or

Chamath Palihapitiya: like a meeting room you were punk rocking it you were an official presenter and all of a sudden you win the product of cs like the or you get on a lot of lists as the best product which i don't

SPEAKER_07: think you anticipated and you hit the timing right and then your phone rings off the hook i suppose investors partners etc and then it dies down yep humane shuts down we don't hear about these pendants anymore um the apple vision pro had come out in a similar time that got hyped up nobody's talking about

SPEAKER_26: that anymore so let's talk about your conviction for your idea take me through emotionally how you as a founder you know smooth out the chart we just saw which is the hype the trial of disillusionment and then here we go you've got to just grind it out so did that affect you emotionally to have

SPEAKER_176: everybody want to take a meeting and then everybody disappears um no i mean you know again i

SPEAKER_173: would consider uh myself as a veteran this is not my first time building a company you know i've gone through this in my early 20s and you know it's just one more time so i'm mentally fully prepared for this um but obviously you know i wasn't uh expecting the hype building up with all this ai product and ai hardware can be that big so i think you know we all learned how to become you know quote unquote celebrity you know i told my team and myself what we really should do is just go there and fix things you you know because when people talk about it that means they they they care about it right they want the product to work in their imaginary way well there it will be like huge gap between how the ai is ready uh right now versus how human wish the ai will be but you know as a company we're super focused on just you know fixing out a lot of the things uh you know in fact i i would love to mention in this podcast that um we actually i did just did account we shipped more than 30 30 otas just i want to pick

SPEAKER_48: up there i want to show people this uh rapid os intern thing you guys launched today because i feel

SPEAKER_12: like it's newsy so we should at least give it some shrift here so for folks out there who are curious this is what it looks like and jesse the first thing that i noticed was ah i've seen this before this reminds me of things that i've seen from open ai and i don't know google and other people so i'm curious what the goal here is for rabbit is this a way for you guys to refine your agentic technology

SPEAKER_101: or is this also an attempt to kind of bully your way into a burgeoning market which is you know yeah

SPEAKER_171: consumer ai agents do you mind it for my if i share my screen because i yeah go for it yeah i've

SPEAKER_173: run some interesting cases uh yeah so uh here we are um to better understand why we build this tool is that you know it fits in line with our mission our mission is we're trying to build cross-platform general agents that means that we want agent that not only can operate on website but also can operate directly on apps and obviously if you're talking about apps there's computer apps there's phone apps there's a lot of like different destinations what we observed from the capability of all these models fastly growing since last year is that all these models are quickly getting better at reasoning planning as well as code level execution so if you link all these three things together that makes all this use cases become a reality so i can show you um my prompt that i just run literally i started running this um before i joined this room because i was in the meeting room for like 20 minutes uh so i just you know run this i said i'll be on jason's sister kick startups talk about newly released rabbit os intern agent help me create a comprehensive media prep book and make it into an interactive html web app so to use an intern you really think about this has a similar capability of a human intern level you're not expecting to set the expectation right you're not expecting this to be the chief scientist right or a a superstar engineer that get paid one million dollars per year so this is an intern human intern level but what's amazing about this is that this is an intern for every domain it's not just an intern for coding it's not just an intern for real estate research it's an intern for every single possible domain you can think of um to use with this you just you know need to use language but what's more beyond tools like open and chat gpt uh and gemini and you know um prepractice for now is that it's directly end-to-end consumer facing so if you want this to work on a website it will actually give you a website if you want to generate a powerpoint it will generate a powerpoint um so for example i i i really love open ai and google and prepractice i was uh trying the same prompt on all these three different platforms so uh what i did is i also included media.txt which is just basically information from our current media outreach right so i copy and paste this put into txt and this is the open ai gpt4o so i i said exactly the same prompt and this is the an open ai gpt4o actually did pretty good it actually generates a website but let's take a look uh of what's the contents here so that's basically the html code that's generated by open ai and it has you know some basic information um i would assume most of these are just directly put from the txt i tried on a gemini 2.5 pro which is their latest stuff it says it has this you know markdown summary which is really nice and it says regarding to your request on interactive html web app i cannot directly create web applications i tried this on perplexity uh it gives this uh sample html code and um when i open it up it is basically a template now here's an interesting um uh back back and what's happening with all these agents so i'll better explain this so what's happening here is that if you type this prompt the rabbit os intern will have a master agent as if the virtual ceo says hey guys come together let's build these tasks and this master agent will basically create a whole um action plan for the remaining agent and then you can see the tasks that start spinning up and it basically is a bunch of coordinating agent following the master plan so this agent is doing this and that agency is doing that and all these tasks are automatically assigned to a different agent and you can see uh you can click on the sidebar to see like what's happening on the back end right so basically all these agents are doing things together some of the agent doing research some of the agents start building the website uh and and it goes on and on this entire task took us 18 minutes to finish which is not too bad but now you got all this you know generated files you can download as a zip but here's the thing let's go

SPEAKER_196: back to see um to have a refresh this is the open hijbt4o this is the website this is what we have

SPEAKER_200: got it so you're actually publishing and if you had a hosting company you could probably publish it

SPEAKER_201: actually live to the web yep um that part is straightforward but i want to emphasize on the

SPEAKER_173: uh you know context right so if you think about my prompt was i'm asking hey i'm gonna join this podcast i want a media preparation handbook so exclusive summary um yeah everything is super relevant it even built this section by itself says hey checklist make sure you get all this prepared before you join the call and you have this audience analysis this is basically agent search on your this week startup um audience demographics you know hostile and format and it even says hey you

SPEAKER_203: you are like direct you know everything is super relevant skeptical toward skeptical toward overhyped

SPEAKER_07: claims preference for concrete examples over theoretical discussions this is all true i wonder how

SPEAKER_201: it got that well it just pulled the information from the the existing internet and um you know all the

SPEAKER_07: public data um this also i wonder if somebody has a web page where they described my interviewing style or something you know yeah we'd love to see the citation for that this is great so um you also get

SPEAKER_173: this you know q a session uh media training tips you know you can um really see the intern actually understand and execute that you know in a human format and then product overview gave me some notes you know just in case you guys ask about our stuff you know i can reference this even has a quiz i didn't ask for a quiz it even has a quiz right so uh this is by the way fully functional um i'm just trying to hit a perfect score here um love it okay so we'll see we'll see if i there you go i hit a perfect perfect score but uh but you know you really need to understand uh where we are right now in the whole generation of agent technology i for the record i think every single product will soon have this kind of

SPEAKER_26: capabilities um which is an agent happening uh in real time to do jobs for you and then the question is how good are the results and how helpful are they absolutely so if you were to ask it to get my interview style and prep you that's doing as good a job alex as i think a pr person would do because they would go watch alex and i talk or interview other people and they would write it down it would take them a couple of hours here it found that information somewhere on the web or maybe it analyzed a couple of clips or something yep entry-level jobs are going to get automated

SPEAKER_168: away jason because computers can now do the collection and aggregation that we paid people to do

SPEAKER_173: yep it's just that's coming and uh also this this system can do something that really um you know out of expectations you know this is obviously a very professional serious prompt but i also build this uh eight 18 bit sequencer uh by using one prompt and it's a fully functional little sequencer i can get some of the the music going amazing but i just play with it yeah i think these agents you know are are really

Chamath Palihapitiya: getting close one of the uh things i was just working on was trying to figure out um because i'm incubating a company that's going to be estate managers i think i told you about this alex one of

SPEAKER_26: the things i noticed when you reach a certain you know um stature not stature a certain station in life in other words net worth when you have a second home estate management managing multiple homes like

SPEAKER_07: you can manage your home then when your home becomes five six seven thousand square feet it's

Chamath Palihapitiya: too hard to manage yeah you need help so you know you have a family assistant or i don't know a handy person a handyman uh come by and uh it just becomes arduous when you get to a second third or fourth property i have four properties or you're a property manager for airbnb let's say now it becomes hard

SPEAKER_07: yeah now you need a full-time person yeah and then what i realized was the hardest part of the job was vendors managing vendors is the hardest part of the job so now i'm on a little exploratory um thing with my estate manager which is i want to create an estate fractional estate manager powered by

SPEAKER_05: technology so i had my athena assistance i have two athena assistants go to athenawow.com to get a

SPEAKER_07: a couple of weeks free they give you a great deal at athena wow wow.com i'm an investor in the company i'm a spokesperson for the company i have the two athena assistants working i think one hour overlap

SPEAKER_05: so i have a 15 hour window from like 7 to 9 p.m every day my time the athena assistants are available

SPEAKER_07: to me so i had them i want to put a solar um thing in you know where i have solar at the ranch and

SPEAKER_26: batteries not just like solar on my roof you know test the power wall i want to put a an acre of

SPEAKER_07: solar and have enough batteries that i could be sustainably off the grid on the ranch forever okay

SPEAKER_05: i'm i had my current estate manager give me her process share that in a notion page with the athena assistants and i'm watching them do it and i'm wondering how long before i can describe this and

SPEAKER_26: have an agent make phone calls research it on the web call them up get the quotes normalize the quotes like feels like next year right next year you can do some i was about to say next year next year yeah so that's why i'm doing this like i think the athena assistants having like assistants from manila who can brute force it but then studying what they do then the athena assistants could be doing this you know using athena assistants will have agents and it's just going to become like this cascading efficiency to absurdity so then my thought alex for this startup is imagine you own a five million dollar home sure and you have a three million dollar vacation home

SPEAKER_152: you you know manhattan apartment or a brooklyn brooklyn townhome three million dollars doesn't go as far as it used to well a town i'm saying a brooklyn townhouse could be a brownstone could be

SPEAKER_26: five million and then a five million dollar hamptons home you put the two together you got ten million dollars instead of hiring a full-time person which you don't need you hire essentially a 20th of a person a tenth of a person for 50 000 a year 50 basis points of the total value of the two homes whatever

SPEAKER_07: and they just manage everything about that home the landscaping the pool cleaning replacing the pool

Chamath Palihapitiya: pump replacing the hvac all that kind of stuff and i think human plus agents equals success but

SPEAKER_07: obviously no house manager is going to be able to do this so every category is going to be able to fix these things it's going to be really interesting future jesse thanks for coming on let's talk again in six months i want to i want to see some more foreign factors you're a really great guest absolutely keep grinding i know you have tons of runway to figure this business out so i wish you great luck in the trial of despair thank you thanks alex thanks as we wrap here on this there was somebody in the chat room who said they have the r1 and they love it uh and uh they picked it up at a w a party almost a year ago and they still love it so that's pretty great all right let's do some

SPEAKER_12: founder friday pitch offs it's time to discuss the bracket my friends we are talking about something

SPEAKER_00: that we are very excited about which is showing off cool things from the founder friday world jason

SPEAKER_54: here is our uh not founder friday just to explain founder friday.tech six founders around a table they

SPEAKER_07: get together every first friday of the month you go around the table by founders for founders no looky lose at the event you have to be a founder of an active startup founder one says what they're

Chamath Palihapitiya: working on what their big win what their big fail is what their big challenge is what their big you know win is sure uh you do that for two or three minutes you go around the table six people three minutes each 18 minutes then you spend the other 40 minutes each person goes around and says oh alex you're a

SPEAKER_07: big win i want to hear more about that let me ask you a question about how you're acquiring customers

SPEAKER_05: using tick tock videos and then uh you say to me yeah and i want to ask you about your challenge of acquiring customers i'm wondering if you've tried if you've done google search and if you're retargeting the person's what's retargeting so here's the tracking pixel here's how you do retargeting boom that's the format so we ask these teams have your own competition between the six people or maybe have

SPEAKER_26: three pods of six and we're codifying this at founder fridays you can go to founder friday dot tech great domain names to uh create your team and we're going to do march madness we're going to have

SPEAKER_155: eight teams on one side eight teams on the other i'm not sure how we broke them up well we have uh

SPEAKER_48: just for folks who are on the audio version this is done by city so we have houston versus boston

SPEAKER_00: austin versus quincy new york versus philadelphia go birds zurich versus florianopolis so justin what i'm going to do is play for you four clips two competing pairs of companies from this and then we're going to pick our favorites and we're going to scoot them forward and get this ball rolling are you ready i am ready okay excellent because too bad if you weren't we're still going to do it all right here is the first one this is snipped let's hear from snipped hi i'm

SPEAKER_253: kevin i'm the founder and ceo of snipped snipped is an ai-powered podcast app for people who listen

SPEAKER_254: to podcasts to become more knowledgeable for me podcasts and for many other people out there have become knowledge and i usually listen to podcasts while i ride my bike but the problem is that whenever i hear an amazing insight it's so difficult to write it down so what we have done with snipped is whenever you listen to a podcast on snipped and every time you hear an amazing insight you can just triple tap your headphones and our ai summarizes the insight that you just heard and saves it together with your original transcript and audio in your knowledge library you can now review this you can send it with to friends you can even sync it with your favorite notes app like notion but actually in the meantime our app does much more one way of thinking about it is really we've become the ai native podcast app similar to how cursor is the ai native ide for developers so our app has ai generated transcripts ai generated chapters we identify the guests of a podcast create a little mini bio about them we identify all of the books that get recommended in a podcast you can chat with an episode we even generate small summaries for you such that you can decide whether or not to listen to a podcast so all of this together basically creates the ai native podcast app experience for people who listen to podcasts to learn and become knowledgeable we have users in more than 210 countries and paying users in more than 149 countries so really looking forward to the next country to get

SPEAKER_05: to 150. awesome i love the idea i know this i've met the founder i downloaded the app recently because i'm looking for podcast 2.0 standard apps that have the live link in them shout out to adam curry the pod

SPEAKER_26: father uh and i'm looking for ones that have the donate button in them and i've been pushing spotify to add the donate and the live button so when we go live we should be able in our rss feed to just post it in there have it ping spotify and then have spotify say we're going live so we don't have to do what we're doing right now is use restream and have six different live streams going across every platform we should be able to send a notification to our subscribers and say this is

SPEAKER_54: our preferred live platform youtube x whatever putting all that aside um it's a great idea the

SPEAKER_07: app has some challenges i happen to have used it because you have to pay in order to use all the features so it'd be better for them to have some advertising in it and make it free up and or you know time gated or let you have three podcasts and then after you get a hundred notes or something then it upsells you to charge you but anyway great idea i think you would like the idea too who are they

SPEAKER_145: up against in the bracket who are they now going up against that was zurich and now we are going to hear from florianopolis which is a city in southern brazil and their chosen champion is a company called

SPEAKER_267: med simple i am from brazil florianopolis and i will present you today med simple there's medical school simple it's one of my first times doing it in english the first one was on founders friday okay and i appreciate you guys watching me today our proposal is to improve medical education in brazil why because it changed our lives who me and my co-founders one we both met on med school at the mission test and we got approved together when we went to medical school we faced a problem lack of active study in medical school difficulty memorizing large amount of information okay and lack of specific questions that we missed from the admission tests and we created a solution when we was on med school a sas where you choose a subject diabetes tuberculosis hypertension you choose a study mode questions flashcard videos and you do have to recall these informations and why now because a lot of new medical schools in brazil new students and maybe you're going to have a brazilian medical proficius test like the usmle from united states done in terms of work we have more than 100 billions in a global market share education in terms of brazil we have a quarter of a million medical students with the tickets of 120 usd we could reach a 30 million uh done but you can improve that doing another products and uh going up to the residence model uh turn off 40 millions okay other players in the market we have strong brand doing like approach extreme memorization a residence model we are working on that we are at sas b2c 120 per year our revenue we are uh here we are in medical school and we started uh very small how you can see here uh and now we are more than uh half of million in revenue per year uh with an mr of 50 000 okay the team we both are physicians and our death is gabriel buzi

SPEAKER_270: can develop contributions all right i love this first of all this is a problem it's too strong

David Friedberg: give me um your which you love what you love about each really quick and then which one you pick

SPEAKER_12: okay so snipped i adore because i mean you might have heard of this this week in startups podcast jason

SPEAKER_00: big fan so i live in the podcasting world i love anything that lets people extract more from audio and i love the application of ai to popular consumer formats okay med simple i adore for two reasons one i know the market very well i've watched my spouse study for boards and different step exams through medical school and residency so i know how much work that is and i recall how much money we spent on stuff like books courses memnotics like there is so much studying that goes into this work so i know

SPEAKER_120: the pain is which one do you pick uh med simple because of the revenue growth love it okay i was

SPEAKER_07: going to go with the podcasting app because i think it's amazing and it's innovative absolutely med app

SPEAKER_16: isn't super innovative i think anybody could build it it's built on other people's llms it seems very basic it seems very simple but then i saw their traction and if it's true they got to over a half million dollars in traction already and he did that product velocity which panders to me i too fell in

SPEAKER_07: love with the medical one but i my i probably would obviously use the other one and i think

SPEAKER_16: one's more innovative the other but the other's got traction both of them are amazing i would love to uh invite them both to the accelerator but i think they're beyond it now in terms of revenue and money raised i'm going to give a slight edge to med simple simple so all right now you and i are in agreement

SPEAKER_165: on that one so that's an easy one um yeah next one let's go back to brazil over zurich all right next

SPEAKER_00: up we are going to talk to osprey incredible all right isn't this fun uh osprey the company from the houston group and then we have uh trova from the boston group so we're going to start with trova which i

SPEAKER_12: have pulled up right here and we are going to hear from a man who looks like he's going to sell me a pharmaceutical doesn't he look like oh i'm sorry i'm just kidding all right quickly think back

SPEAKER_287: to your first job the friends the mentors the experiences all those things that shaped you in your life and made you the success that you are today now think about this next generation of workers chances are they'll be onboarded remotely which means that their office is actually in your house on the computer their mentors will probably be chatbots instead of going to the dining hall or catching up at the cafeteria restaurant with friends they'll just doordash this next generation is on a path to loneliness and isolation that's bad for their mental health and our companies there's a thousand statistics that back that up that's why i'm super excited to introduce myself and my company trova my name is mike federa intro is a platform that's bringing real authentic human connection back to the workplace we've anchored on three pillars trust which you get from working in the same organization what we call who you are or full self that made you bring your whole self to work your interests your background your skills and then common ground so now if two employees on different teams both like playing poker and rucking trova would make that connection for them automatically so therefore you have a chance of finding a new bestie last year we did sixty thousand dollars in arr and we're on track to triple that this year we're a small scrappy two-person team that's never raised venture funding work used to be the cornerstone of human connection and with trova it still can be we know what it's going to take to scale our business and we'd love for you to be part of that journey i can't wait to share more about what we're building and get a chance to

SPEAKER_05: introduce myself to you all thank you all right that was all pitched no website no product unfortunately so i had to imagine it we'll pop the trova website in a moment but let's hear our

SPEAKER_298: second pitch all right make it number two hi i'm lydia debes the founder and ceo of osprey

SPEAKER_299: osprey is a community for women in sports and entertainment our nest houses over a hundred members with a collective following of 17 million plus and 15 brand partnerships our members are

SPEAKER_301: olympic athletes djs news anchors high profile executives in sport and entertainment and college athletes it's a venn diagram all of the groups work together and collaborate to support each other to network and to sometimes create startups which we really try and push we offer them different opportunities via our speaker sessions with lawyers wealth experts and more we're also doing an athlete in stem program with an activation at spacex in a couple weeks last year we had five sold out large scale events from women in football at the super bowl to women in motorsports at the indy 500 you'll find us everywhere we do women's summits and retreats and we have already got off to a bang for 2025 with two sold out events so what do the brands do for us well we bring in these amazing brand partnerships that have the same core values as us and they offer our members opportunities and discounts and our members market them most of the brands see over 100 million plus insights at each one of our large scale events that's amazing we also provide a big sister program for our college athletes which is now heading out of our beta stage where we give them a member from the community as a big sister mentor and will help support them along their journey we are expanding so fast and we grew 10x last year

SPEAKER_312: projected to grow another 10x this year all right all right what do you think um god you can see the

Chamath Palihapitiya: difference when they show the product and they walk through a deck and they don't it leaves it's just so hard because i'm trying to figure out what it is trova you know these are both touchy feely uh and trova i understand people want to um try to make it less boring to work from home in front of a

SPEAKER_26: computer and create mentorship i've talked about this countless times i'm literally in the process of addressing this we have i think we'll have 10 people in an office here in austin very soon i'm only hiring people in austin going forward uh and then extremely high performers can be extremely high performers remote that's where i came to after three years of work from home uh which is like i think 10 or 20 of people can work from home extremely high performers self-motivated everybody else needs to be in and off that's just my personal belief um so looking at their websites if you pull it up we look at trova you know if i criticize a website um i think you need to show the product not just do like here's logos etc you have to have like a very quick not just these illustrations i understand that's what people think is the best practice for me the best practice as a startup is to show the product with the founder walking through the product in a video i think a product video and a product demo on a website explains everything um and this doesn't so it's just hard for me to conceptualize the product

Chamath Palihapitiya: without seeing it but i get it um when we look at the top of the page to transform your workplace with

SPEAKER_05: meaningful relationships that drive engagement innovation and results so if this was in our

SPEAKER_07: accelerator i would destroy it i would be like what does it even mean right uh define your community build your community build your community like foster collaboration this is all soft hippy dippy language

Chamath Palihapitiya: inspire your people i hate this what you really want to do is say trova is a slack plugin that

SPEAKER_07: increases team collaboration by helping you know um employees get to know each other remote employees

SPEAKER_26: to get to know each other and you just try to say one thing and then you show it and if you showed it and it was two people answering a quiz boom so you got to show don't tell show don't tell is one of my key reasons or key insights of presenting companies show don't tell if you tell us we have to imagine it if you show us now we're on to the next issue tell me about the business model tell me about the growth are you raising here we're still in what is it same thing if we pull up the next community um and we go to their home page and i'll just criticize the home page elevating women in sports and entertainment the fastest growing community for women in sports and entertainment vetting members vetted members 20 plus brand partnerships 17 million followers 30 plus 12 grammys this is all like um like uh peacocking and not explaining the value so i would say here join you know uh uh an online community of 1272 women who support each other who support and inspire each other learn more right like boom and then i would have exactly how that happens yeah you know uh so if we scroll down empowering women globally again that's like hippy dippy language empowering globally i hate these words because they're just like trigger words for not a real business and i i try to get more specific in what the value proposition is welcome to a collection a collective of collaboration this is word sound osprey empowers women in sports and entertainment through network events opportunities leadership resources again you're doing the whole list too much make it bullet points make it simple network with powerful women online in a chat room by categories including sports entertainment personal development to come to monthly events so when you heard me describe uh founder fridays i was very specific about what it is alex what happens at a founder friday six people get around a table and share

SPEAKER_37: their wins and struggles so that way founders can support one another boom the reason you know that

SPEAKER_327: is because i am a master at explaining things simply and defining them i also spent a lot of time

SPEAKER_28: listening to you so i think i'm cheating but no you actually i realized you talk in bullet points which

Chamath Palihapitiya: is interesting in bullet points when i'm trying to communicate stuff because it's effective people are busy i literally just did it too much word salad not enough actually showing of the product so both of these aren't as good as the first two presentations so this is like one of those brackets where like the people who should be in the eastern conference finals met each other in the first round the first

SPEAKER_07: two companies would have beat both these companies but if i had to pick here um i think that the women's collaborative can charge a thousand dollars a year five thousand dollars a year there are a bunch of

SPEAKER_26: communities doing it who's the guy from my first million oh he's awesome he's a great founder he

SPEAKER_122: had done hustle uh sam par and sean party yeah so sam par has a new community and there's a couple of

SPEAKER_26: these going around that are five thousand or ten thousand a year so they put up a five or ten thousand dollar gate so it can only be ceos who can expense it or venture capitalists who can expense it or you know otherwise successful people so the the dollar amount you spend is to create scarcity then those people interact with each other support each other and they get to be part of this i was thinking about doing this this was like my other idea for founder fridays was to make it elite to charge a fee and i might still put a fee on it so that it's you're committed right so for founder university we put a 500 fee on it um and then when you finish the course you get the 500 back if you submit your weekly updates 12 weeks in a row you have to submit 12 updates and can we make a note matty that in order to get the 500 back we can change this for the next one if we communicated it differently you have to come to the weekly on monday and you have to submit your weekly update your weekly update is your attendance and uh your attendance is your attendance but that's what we're looking for anyway so you can't fill out 12 updates that you're getting paid 50 bucks each for 40 bucks each for then like okay you could have just filled out the form and gotten 40 bucks so

SPEAKER_47: here we don't know how much they charge did they mention how much they charge osprey is jumping in the live checks we are doing this live of course they say quote we do charge that so i think you're

SPEAKER_26: probably actually didn't say how much do they charge i mean that this would have made the presentation this is why i'm good at what i do because i have seen so many pitches that i can just tell you how to make it literally two or three times better instantly just with two or three tweaks um if

SPEAKER_16: you said it's a five thousand dollar a year program and you get x y and z then we wouldn't have to play this crazy game of trying to figure it out how much is it uh we're waiting for them to respond but uh

SPEAKER_48: well while we wait for the information i want to i'm going to weigh in on my selection yes go ahead

SPEAKER_12: first of all i think the idea of making remote work a little bit a little bit less lonely is awesome yeah i've been both in office and remote and hybrid and let me tell you i get the most done by myself but i miss people's i love the idea of having a closer knit team love that i'm also an

SPEAKER_48: enormous believer and supporter of uh women and women's sports uh so to me the idea behind osprey and just women entertainment as well is fantastic big fan of that and i i just don't understand the model as well jason so to me even though um i like to think of myself as someone who would be a big support of osprey i'm going to go with trova because i better understand the economics of a

SPEAKER_07: slack plugin okay 3100 a year is what osprey charges therefore i'm picking osprey ty goes to the the founder of the pod so osprey makes it to the next ring if we had lon here i would go with majority

SPEAKER_352: that's that's eminently reasonable i was just curious how we were going to break the time i just

SPEAKER_353: decided in that second that ty goes to the founder of the show it goes to whoever's done the most

SPEAKER_29: episodes that's me that's not fair okay whoever's invested in the most unicorns

SPEAKER_122: whoever has the most children named ada okay there you go okay no that's fine all right so we'll go

SPEAKER_26: with osprey um and uh i do like these expensive membership things and then you know again if you want to like get all precious about it oh my god you can afford three thirty one hundred dollars a month

SPEAKER_16: it's uh ten bucks a day to be part of this community yes it's ten bucks a day so what i would do is i

SPEAKER_26: would do for every hundred members five scholarships based on merit that are discounted to two dollars a

SPEAKER_168: oh i like that so you still have skin in the game but it's much more affordable for everyone who

Chamath Palihapitiya: wants to take part and we only it's only ten percent of the membership and we don't tell you which

SPEAKER_07: ten percent and you have to tell us what you're doing how much money you're making so if you're only making fifty thousand dollars a year running your startup and you're bootstrapped and you're not rich we know that you're living in an apartment you tell us your sob story okay so five hundred thousand dollars a year well let's say you make fifty thousand after taxes sure would you put one percent of that into being in the community five hundred bucks or two percent of that a thousand dollars if you're not willing to put two percent of your take-home pay into it it's obviously not

SPEAKER_363: the right thing for you you have no skin right so no interest yeah and if you're making 150k a year as the ceo or venture capitalist or partner at a venture firm okay two percent of that is three thousand so

SPEAKER_07: i think four great companies i love the format the punch-up is uh do a loom walk through your deck

Chamath Palihapitiya: where you are in front of your thing it'll go much better for you and then let's make the cap

SPEAKER_07: 75 seconds so when we do the next one 75 seconds and if anybody wants to redo their pitch between now and when they're going to be on there i'm going to allow them to redo their pitch we can send this clip

SPEAKER_26: to folks uh because you'll have a greater chances of advancing if you um show those things let's add to this okay a version of this for the twist 500 so next month let's do one for twist 500

SPEAKER_07: where you present the company the three of us discuss it the founder doesn't have to come on

SPEAKER_26: but we do it based on the highest known valuation so we sort by valuation and we do twist the top

SPEAKER_05: uh how many is it 16 the sweet 16 of twist 500 by last valuation

SPEAKER_75: now it's gonna be so spicy given open ai's latest because that's gonna see open ai you got spacex you

SPEAKER_26: got andrel shout out to my guy pomerlucky you got so many great people who will be in that right

SPEAKER_37: stripes on there and by the way there's now more than 300 companies like those 500 so everyone should

SPEAKER_01: take a look and see what we might be missing we're working on our next batch of 25 so keep your ears

SPEAKER_05: and eyes peeled onto that all right everybody another amazing episode of this week in startups a long one but sometimes we can go to 90 minutes you know 100 minutes uh and you get what you pay for it's free

SPEAKER_26: enjoy uh he's alex x.com alex i'm x.com jason monday wednesday friday we go live what platforms are we going live on instagram and tick tock need a favor from y'all please go follow it obviously that

SPEAKER_05: would be great but go ahead and go in there and like it so how many followers do we have there on

SPEAKER_07: the instagram we have 30.5 pay 30 500 and then if you hover over these how many views are we getting on these posts like if you go down and just hover over it should tell you how many views we're getting

SPEAKER_54: i think we're probably getting low hundreds or something four likes likes it's too light two light folks and so 26 likes four comments 24 comments six so it's we just started doing this i really need

Chamath Palihapitiya: your help go in and like it but more importantly write a comment and just say what's up jacal what's

SPEAKER_05: up alex all right this has been another episode of this week in startups so see you next time bye bye