SPEAKER_00: all right everybody busy busy news day there's a ton of stuff going on with chat gtp and adam

SPEAKER_01: newman is back with flow back with them that's almost all we need to say it's gonna be a great show that's it it's gonna be a great show that's it stick with us this week in startups is brought

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SPEAKER_09: all right everybody welcome to a tuesday here there's a ton of news uh but yes i'm up in tahoe for ski week and uh yeah just a lot going on in the news lots a lot going on and we should

SPEAKER_12: get uh we're going to do a little like sausage making because as we are recording right now as we're talking microsoft is having a surprise event uh which is reportedly about its open ai integration so we have someone monitoring this at this moment right and we will bring it up if it seems important that does not seem like they're live streaming it which is kind of weird so we'll be like monitoring

SPEAKER_16: tweets yeah old old school style well this is all heating up i saw yesterday i think it was yesterday

SPEAKER_09: monday that sundar uh pichai the ceo of google aka alphabet did a tweet storm and this to me you know we were sitting here what two months ago and i said like i'm gonna sell google if these guys don't get their butts in gear and have something and there was that email that came in molly and the email that

SPEAKER_18: came in from somebody said they've had this they've had this they've been sitting on it because they

SPEAKER_20: have uh issues with like how it might be used the quality of it i'm assuming league legal issues and they wanted to be judicious about when to release it and also they thought it could put heat on them because of job destruction destruction right right like if you're google and

SPEAKER_09: you're laying people off you're making tons of money you're printing 20 billion dollars in profits a quarter do you really want to be out there killing a bunch of white collar jobs that maybe some senators and congress people their kids are in those jobs like it's a bad look for america you're about to kill

SPEAKER_11: law school it's kind of a big deal yeah perhaps so anyway there's the part where it's sentient we probably shouldn't leave that out like so many parts here but apparently so many things however

SPEAKER_18: tip that we got that you heard here first was true they've had this sitting there at google and they've been sitting on it and i guess chat gpt intelligently front ran the market and gave it to

SPEAKER_09: microsoft microsoft gave them 10 billy i think a bunch of people cleared some private stock in a

SPEAKER_31: secondary sale uh probably so they got paid and now google maybe we could take a look at this uh

SPEAKER_12: uh google's sort of being forced into action yeah i mean it's a very interesting right like you feel like their hand is definitely um being forced so the chatbot has officially been announced that they are going to start rolling it out it is unfortunately uh it's called bard which is not as cool part who always does this kind of stuff and then like the there's the other the one that they invested in the one that google invested 300 million dollars in that isn't going to supplant their own ai is going to be called claude which is a cool name and then you have chat gpt which is just like weirdly catchy it's got like a nice internal alliteration it's fun to say but they're going and deep mind has sparrow which is awesome and theirs is called like theirs is called bard which is short for apprentice bard

SPEAKER_27: i would have called it little bird like a little bird told me which is why i like sparrow a little sparrow comes whispers in your ear bard is like you literally let a neckbear beard developer name it like

SPEAKER_44: that was the code name bard apprentice bard somebody found out about it but like a poet i mean like

SPEAKER_12: listen i get it i get it i'm a nerd yeah but at some point you have to care about branding and apprentice bard is not good branding however okay let's get to the point though uh we did we did sundar pitch i did do this uh long twitter thread about it and it included and i think this is the important thing a screenshot of what it might look like when it's combined with search and what's interesting is that it's a it's a modified google thing right it doesn't you still have links underneath so what you see for those of you who are not there is like at the top there would be a prompt is piano or guitar easier to learn and how much practice does each need then you see the typical google tabs images news shopping videos etc and then this summary right the the answer some say the piano is easier to learn

Jason Calacanis: as the finger and hand movements are more natural and learning and memorizing notes can be easier others say that it's easier to learn chords on the guitar we are going to find that ai is going to irritatingly

SPEAKER_12: like never make a decision it depends right well it depends and then under that you see the the the kind of graphic uh affiliate linking the linking that so many publishers rely on quora uh you know some

SPEAKER_52: site that teaches you music any content site yeah that kind of thing any content site so really just uh

SPEAKER_20: incorporating it as a ui change so a question comes in to google search we might see in the future an answer given when one box came out which is when they would take a snippet from a website totally so what we have happening here let's call it what it is folks google's ai chat gpt and eventually bangs and there's other ones they are literally instead of giving the one box answer

SPEAKER_57: which was scraped stolen however you want to phrase it if you're being charitable or you're you're being

SPEAKER_09: realistic lifted co-opted from and then linked to but of course nobody clicks on those links to the website gives you the answer you're done right and google says well if you don't like it you can opt out but you can't opt out of one box you have to opt out of the whole search index so google knows what they're doing being cute there now what they're doing is having a language model rewrite the answer that some person or company spent their life building up the scale and now they're going to rewrite

SPEAKER_12: it and give you the answer and plagiarize it i mean you can 100 see why google has slow walked this like you can see why they didn't roll this out because you weren't here yesterday but yesterday i

SPEAKER_51: talked about like if you know anybody in media if you know any publisher who rely every publisher in the world now relies on links from google traffic from google the homepage died yep you know r.i.p the homepage pours them out a decade ago or more and now it's all about google and every time they change the algorithm or when they introduce one box like all of that linking disappears traffic to these websites aka revenue disappears and so you can see why google would have slow rock walked rolling out

SPEAKER_20: the idea of just an answer the lawsuits are being penned right now uh google needs to allow people two choices now you can be in the index you could maybe three you could be in the index you could be in the one box your content could be used in the answer if your content is used in the answer they need to pay a licensing fee and they need to use a citation so if the answer comes from these 10 websites each of those 10 websites is need to going to get a fraction of a penny for participating in the creation of that answer by the ai and they're going to need to be cited and the citations are going to need to be in order by the amount of copy you took from each one so if you're clever enough to create

SPEAKER_64: this answer you're clever enough to make a sharing revenue model and you're clever enough to give

SPEAKER_20: citations so don't bs any of us in the content business google or microsoft if you can build a chat technology this impressive you can come up with a way to share revenue and to launch this without citations and to launch it without sharing revenue in a commercial environment is unethical immoral

SPEAKER_09: and these people need to be sued immediately that doesn't mean i'm anti the technology i'm not anti the technology but google needed to do this right now they're doing it wrong

SPEAKER_20: lawyers by all means find out where this is being scraped new york times washington post content sites everybody get together and start filing the lawsuits and then you need to get in there and

SPEAKER_09: look at how these models were made whose content they used if they used wikipedia and that's creative commons then they need to link to those pages that's all those people want they just want to link back and recognition but if you're a new york times and you spent money on an article about which piano or guitar or which instruments your children you know learn first and they just

SPEAKER_67: rewrote it you stole it and if you stole it you need to reverse that decision make 2023 the year

SPEAKER_69: that your startup starts firing on all cylinders well how are you gonna do that you're gonna do it

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SPEAKER_12: about this is that we have you know the other the thing that sparked this conversation yesterday was talk of neva the search you know the the new basically search interface using this kind of answer providing that has a citation every sentence a footnote every sentence that is talking about sharing that and that is for pay so you could imagine a universe in which okay so one that exists right so google like i understand that google's hand is being forced here they've had this they have to commercialize it quickly they're rolling it out but this is how neva is doing it and they're

SPEAKER_51: charging for it so google could have said we will offer a paid product

SPEAKER_12: in which you can just immediately bypass every other search result and get answers those answers

SPEAKER_18: should still include citations i want to give neva a shout out yeah as you're pointing out here they've taken each sentence that's been rewritten and they've given a citation the first one

SPEAKER_74: somebody asked chinese balloon shooting just three words it's not even a question it's just the words the keywords in the first sentence the u.s military shot down a suspected chinese spy balloon off the coast of south carolina on sunday now it's rewriting that ostensibly uh with china expressing strong dissatisfaction over the incident and then a second citation now you this one has to wonder why

SPEAKER_18: they don't just put the sentence that cnbc had maybe they're rewriting it molly i believe in order to obscurify in order to obscurify their stealing that's why they're rewriting the sentence because you could just put the sentences together this could be like four sentences i mean you know how i feel

SPEAKER_12: about this and the way that i feel about this is that if we assume that the presentation of of information in a slightly new form is always stealing and theft and plagiarizing then we can

SPEAKER_51: never present new information like you can't have search if you assert that you must quote directly

SPEAKER_81: every single time okay so if we are going to rewrite it i think you need permission to do it at scale

SPEAKER_20: at scale i think you need permission because you are interfering and you just said search can't exist nope search can't exist you can show the link and you can do a small um a small portion of the original work that doesn't interfere with that content provider's ability to make a living and to create derivative products it is that person's right to create the derivative product not a third parties and so if you're going to use their input to create that output and you do it at scale and it interferes with their ability to take that opportunity that's where in u.s copyright law you're dead to rights and so putting the citations is a step in the right direction and then getting permission proactively from each of those is the next piece neva is also after that would be sharing revenue or coming up with a licensing agreement with them hey we'd like to use you in this for every thousand answers we give

SPEAKER_12: we'll give you one dollar right neva's paying publishers it's paying it started it announced in 2021 that it would share at least 20 of its sales with content partners such as quora and medium

SPEAKER_51: um they're gonna probably do revenue splits with other publishers at some point

SPEAKER_12: and it's worth note we did say this yesterday that the the ceo was an engineering executive in google's ads and commerce division for his last six years there so he knows what he's going up against i i think like at some point if you're talking about this as a new information presentation layer and i think we are and i think that that horse is out of the barn i will acknowledge any incremental step for trying to do it the right way and at least in this case you've got neva saying we have an ai that is that is presenting information you have asked it for information and it's giving it to you but at least it is making at least it is one linking to the sources to making an effort to share revenue and three more importantly not just like it's not just a one and then you don't know where it's one cnbc right one reuters like the sources are presented well

SPEAKER_93: thoughtfully it is accurate and thoughtful and it's a product and i believe that more revenue share

SPEAKER_94: is on the horizon i am going to give what's the name of this company neva and it's n-e-v-e-a n-e-e-e n-n-e-e-v-a n-e-e-v-a everybody go there right now go check out neva and

SPEAKER_00: i want to give a shout out to their founder and ceo and invite him to come on the podcast immediately asap tonight tomorrow i'm already i'm already paying for it let's go yeah six bucks a month he has 78 employees according to linkedin the world's largest network linkedin.com slash angel slash jason so startups or whatever you're gonna get something

David Friedberg: thank you linkedin uh linkedin owned by microsoft shows they have 78 employees

SPEAKER_12: but 78 and they're able to do this right oh yeah and they raised like a teeny amount of 70 something million dollars too like a teeny amount compared to the 300 million and the billion and whatever yeah google there should be doing this right out of the gate i don't know why they wouldn't there are more

SPEAKER_27: people working on bicycles for the staff at google right now than are working at neva if neva can do

SPEAKER_09: it right sundar if neva can do it right uh bing uh sam altman the two of you can do it right do not come to me and say we're gonna get to it this week i want it out sundar you got till friday well i'll give it to monday you get the weekend i want everybody in hardcore mode lock the building down everybody works 16 hours a day that's how we're doing it in silicon valley now click this link to prove your hardcore at microsoft chat tpt and google i want it done by monday 9 a.m no more stealing content from folks no more making money off the back folks if neva neva.com says jason to

SPEAKER_27: get 20 off your subscription not a sponsor yet i mean honestly after yesterday and do this yeah

SPEAKER_09: yeah microsoft and chat gpt and google can do it and 78 people working here there's more people

SPEAKER_27: working there's more people working at the valet at microsoft headquarter i literally i guarantee you there are more valets at microsoft parking teslas bmw or mach 5 mac ease mac ease mac ease at microsoft than there are at neva get it done infuriating sometimes we get a partner where the offer is so

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SPEAKER_11: um yeah why are you doing this you're trying to trigger me i'm trying to calm down this week and i'm getting triggered oh okay well hey i i have an idea i have a way to calm you down please let's

SPEAKER_128: talk about adam newman oh i love that why don't we ski today and tomorrow will work speaking of you have

SPEAKER_12: got to be flipping kidding me okay um you may recall that adam newman has his new venture called flow flow uh not to be confused with flow carbon which he and his wife rebecca are uh advisors in and investors in if you remember adam raised 350 50 350 million dollars from a16z for flow and we uh were like well it might be something about housing and it seems sort of real estate related and whatnot okay so he uh did an interview he and mark andreason sat down with a16z's david ulovich at the firm's

Jason Calacanis: american dynamism summit in washington dc they talked about all kinds of stuff which i'm sure

SPEAKER_134: we're going to obsessively watch shout out to this uh summit focuses on companies that support u.s

SPEAKER_12: national interest in aerospace defense education and housing and of course flow is a big housing thing so i think we should just skip straight to the clip the conversation is planned 45 minutes okay but we have one 57 second clip of newman explaining how flow works which immediately went viral here it is so

SPEAKER_138: number one management company branded technology first number two real estate asset management the company that can buy real estate and asset manage real estate number three financial services and the fourth pillar is this mechanism that's going to take some of the value and share it with the value creators and those users are going to start using our financial services now the reason they're going to use the financial services that that payments company that's charging your rent already has a real relationship with the user and then if we are able to take this value creating mechanism and share with the residents a portion of the value it's going to make them feel ownership if you're in your apartment building and you're a renter and your toilet gets clogged you call the super if you're in your own apartment and you're and you bought it and you own it and your toilet gets clogged you take the plunger and it's it's it's the difference when feeling like you own something to just feeling like you're running from being trans transactional to actually being part of a community

SPEAKER_142: i totally get it i you know i'm like i i get adam newman too i can explain this because i have some

SPEAKER_144: history in this space okay i do have some history in the space okay i love it i was an investor in a

SPEAKER_64: company that did the financial piece of um rent and it was sort of like a crm it got sold it was very cool company anyway putting this aside um it turns out a lot of people who are landlords um they are collecting checks a very manual process obviously and what some companies have done now is they've made crms that help you pick uh somebody to rent the apartment do the background check and then you have like a wait list of people who you've said hey you know there's our potential people in the future then they put them in apartments then that person can go to that site um and you know do their payments and you could come up with all kinds of interesting different payment plans for people uh people could pay by week they could ask for extensions you can give them loans you can you know for them to pay their rent if they're a little bit short there's all kinds of like interesting things you can do and so the architecture he's coming up with of a technology services company was what he was supposed to build with we work right right um but they got so busy with um uh building it that these other companies that were doing very interesting software kind of beat them to it there were hot um hot desk renting companies that would put a little device on each workstation you would come to the workstation molly you would scan it with a qr code and you would get charged per minute or it would just manage your department and the number of people and the number of minutes you were using a desk right very cool concept and then you would actually know hey nine lawyers from this department are in this office 17 are in this office they were at their desk for this many hours a day a little micromanaging but it was more for just kind of understanding your needs um and tailoring products

SPEAKER_12: going forward and tail you know like creating specific products for lawyers for example right yes and

SPEAKER_64: so now you've got this ability to manage space and we have a company density.io that we we seeded and it's done incredibly well and they manage um how many people are in each floor and the utilization of each space without cameras which is kind of the cool part about it gives you a little more privacy you know anonymously how many people are in each floor etc um so that part of the business school

SPEAKER_09: the part of the financial services very cool those two things exist as verticals the middle piece just being a real estate management that allows him to have real estate investors not investing in the technology companies and probably have those two companies the finance and tech could be kind of one cap table and the the the ownership of these buildings and i saw when i was in miami next to um citizen m was one of the buildings he bought uh which is like a really cool building uh for apartments they can keep those two cap tables separate because real estate investors have a different goal taxes and and returns than technology companies so you just have this beautiful way of separating the two things out the the fourth piece is the one that's like wait a second they own the buildings and you have some ownership you get equity in it um a lot of people have talked about that that is at

SPEAKER_46: the core of but we can't actually tell if it's equity like it's not going to be shares in a company

SPEAKER_12: the part that's very fuzzy is what he means when he says you get some value and you have a sense of ownership right it's like not clear and this is where this is where like yes to everything you said yeah because you got some solid business in there and then you layer on your adam newman thing with the like the very fuzzy part the pixie dust which is like and then there will be value and there will be a sense of ownership and there will be a community and maybe there will be yeah like a like a a clog token and you don't know what that means is it rent to own i would love to know

SPEAKER_153: that that would be very interesting like is it equity in the larger that's what entity in some way and then how would you recognize that and how does that make you want to unclog your own toilet

SPEAKER_155: like there's you know right like you have an s1 and then you have some adam newman stuff on top of

SPEAKER_64: the s1 easy for people to dunk on it and say he's you know this is like some weird thing he probably

SPEAKER_57: doesn't want to take his card but if you think about it like employees at a company getting stock options in the company if you're spending 3 000 a month on an apartment in one of the flow units and

SPEAKER_64: you spend 36 000 a year and spend 100 and you know 200 000 over five years or whatever and they gave you i don't know five percent of that in equity in flow uh for being a a person a a member and you have some ownership of the overall flow property kind of interesting to make them owners uh with just

SPEAKER_157: stock options well it's interesting like giving the uber drivers or the lyft drivers or the door dash

SPEAKER_57: drivers which a lot of people try to do but securities law doesn't allow it very easily because of accreditation but if they could have owned you know equity and door dash that would have been incredible

SPEAKER_12: for the dashers it's interesting to me if you can create a financial mechanism for that equity that is similar to equity that you have in house like i presume that that is the goal is to have a to have a rental ex because the big knock on renting is you just throw your money away right you don't build equity and more importantly you don't create this like sort of bank account that you can draw on like if they're talking about a financial mechanism where you can buy into this flow community you have equity in it maybe you go back to the same financial institution to whom you pay your rent and you say hey i need a home equity line of credit yeah against my credit then you can behave as a homeowner does in the financial world yeah but still be a renter and that is kind of interesting but i don't know why you can't just say that um you know because he's he just can't like come on he's congenitally let me have this one dunk he is congenitally incapable of just saying a straightforward

SPEAKER_64: thing he uh likes to do a little bit of jazz hands and pixie dust and i i think that's like the hand on the heart i appreciate that about him i know right about home ownership i know it's easy to dunk on him because he's bringing up a clock toilet that is 100 right about ownership is if people have equity in their homes that's why in america we've tried to do this there's been a lot of discussion over do you build projects in a city where people don't have ownership in them or do you build

SPEAKER_57: you know entry-level homes where people could possibly rent to own and and adina's business is rent to own correct um what's the name for business sorry i'm putting on it uh divvy divvy so divvy is

SPEAKER_64: rent to own i think what he's talking about but he doesn't want to say the word rent to home like you're saying because he's adam newman and he has to say it in a way that makes you feel it makes you

SPEAKER_12: not trust him it makes you trust you trusted dina but it makes you not trust him but it is not you know but a16z isn't just like sure yeah you seem great this is a revenge i think he's going to

SPEAKER_174: crush it i think his timing is going to be extraordinary i think he's going to buy all these

SPEAKER_175: apartments on the cheap i think people are going to want to come to an apartment that includes a dj and a party i think he is going to nail it i'm taking the other side don julio galore i mean if he turned

SPEAKER_176: the lobby of we work into a party what is he going to do with a pool area i mean he's going to crush it

SPEAKER_118: yeah these things these things sound safe to live in when you start to the way when you describe it

SPEAKER_153: like a we work like oh great that sounds great i would definitely let my daughter go live in one of those

SPEAKER_183: i mean just saying young people in their 20s uh going out on the weekends and having a party i think

SPEAKER_57: it's like it's okay um maybe safer to stay home i don't know uh no details here though on when they're going to have an offering no there's nothing i know he bought a bunch of properties right with his masa

SPEAKER_189: of money i think he bought a lot of his properties so yeah yeah all right we'll see yes 3 000 units

SPEAKER_192: reaction people were dunking i guess online people were dunking i mean this is where this is one of

SPEAKER_123: those things that i find really interesting right it's like you can't first of all the internet is

SPEAKER_12: built for dunking social media is just built for dunking so anytime you got a guy talking about toilets and it kind of sounds i'm just i'm gonna like make it not fun by breaking it down a little bit but you know it sort of sounds like this like super elite guy being like yeah i'm going to enable people to unclog their own toilets by feeling like they own something but they don't really own it you know so you get this sort of like class warfare thing and then also benefit of the doubt like when you lose benefit of the doubt it's harder to get your message across and there are plenty of people who are like no this guy is a con man i do not believe him even though at the

SPEAKER_194: fundamental level you're probably right he's probably right he's just made me the wrong messenger he

SPEAKER_64: comes across uh as you know overly enthusiastic if you're being charitable like we say here on the program or he could come across as smarmy uh or visionary uh or goofy i mean depending on the lens you're looking at it you know he's still we work is still uh a verb you you get a we work you go to a we work it is a going concern yeah it's a going concern that's worth over a billion dollars right now

SPEAKER_46: probably i mean i'm having a big j trade and i bet that if i watched i bet if i sat there and i

SPEAKER_12: watched the whole 45 minute interview like i did with the deal book interview yeah i would do a 180 like i did last time and i would just be like i unironically love that guy because he is

SPEAKER_202: he is also like rasputin-esque he is hypnotizing he is doing big things in the world so from all the

SPEAKER_64: completely complaining or dunking here's the reality of a venture capitalist's life

SPEAKER_57: and the capital allocator's life public market all the way down to angel investors and everywhere in

SPEAKER_64: between you're looking for people who want to do big things and change the world he wants to do big things and change the world and he has done that and we know actually what you're looking for and you

Jason Calacanis: don't find it very often so there's a we know that housing we actually do know that housing is broken we do know that and we know that the trend is toward renting but that renting doesn't accrue

SPEAKER_12: equity in a way that sets you up financially for the long term in your life like all of the again all

SPEAKER_134: the tenants the tenants not the tenants all the tenets are true they're totally true it's just like

SPEAKER_12: do you believe him in terms of execution but history suggests execution on some level is certainly possible and then a grown-up will have to come in and tell you what the thing is here's a lesson for

SPEAKER_64: everybody out there who's an entrepreneur right is this weekend serves your entrepreneurs lessons

SPEAKER_175: it doesn't matter how badly you screw up if you execute well you build an incredible brand

SPEAKER_09: at a large scale you can screw up you could be katzenberg and do quibi burn through a billion dollars and then if i can tell you right now katzenberg comes up with a new idea says here's what we learned at quibi now we're going to build a netflix competitor and an hbo competitor and here's how we're going to do it and these are the people we're tapping basically he raises another billion so the lesson here is to not be cynical to not project into this you know um whatever you know social issues of the day unfair things in the world housing issues whatever it is and look at the big picture capital allocators want to back people with a global vision who are bold enough to swing for the fences that's the key takeaway here for entrepreneurs for everybody else on you know for the people who are in the chorus in the audience who want to you know pontificate if you're a professional pontificator by all means you have tons of attack vectors here dunk away he's got his money

SPEAKER_175: and he's going to build a lesson for entrepreneurs like dunk away he's going to build a real he's also the flow brand is starting to get it's growing on me rework is a brilliant name for a brand flow is a brilliant name for a brand he's a branding savant wait till you see the logo it's gorgeous like a 70s

SPEAKER_64: it looks like something like out of a 70s neon it looks like a club on the sunset strip in 1975.

SPEAKER_134: it's like the hottest club oh wait is it is it pulsating in colors of course it is oh my god

Chamath Palihapitiya: flow live life in slow newest destination they've got i mean everything don julio icicle shots the

SPEAKER_226: hottest thing in residential living is is incremental equity i mean i do want to have a mimosa literally

SPEAKER_142: i want to go back and look at oh look at it's turning yellow it's turning green colors it's

SPEAKER_234: literally like i want to go in a conversion van with the flow logo on the side of it open up the back of the van and like 20 people come dumping out right here and you've got and every one of you

SPEAKER_153: you've got your stanley quencher mug and you're wearing like your cute like carhartt beanie i mean this is just like on point this is all this is let's go bell bottoms let's do it um go back for

SPEAKER_51: any of you who are wondering where this take came from please go back and watch our interview with sebastian maliby in which sebastian maliby is you know i can't imagine why anybody would fund this guy ever and i'm like really and jason's like yeah i would fund him for this reason this reason this reason and this reason sebastian's like what and i'm like you wrote a whole book about the power line you don't think that this guy's gonna get funded again he's like shoot you're right like

SPEAKER_238: you just 180 that real quick you 180 that real quick i was like come over here come to the super

SPEAKER_51: valley layer because it turns out like that it turns out that twitter does not have to give you the benefit of the doubt that's actually not what matters at all no the question is whether you get 350 million dollars from a16z and are you gonna you throw a great party in miami in brickle do a

SPEAKER_64: thousand people try to get into the party and do 50 of them say you know what i'll pay an extra 500 bucks a month for this apartment to get a couple of nfts or tokens or you know shares and flow whatever he gives people i think you should just give people shares and flow they own a piece of the company right gives them shares and flow and then what do they do now they don't have to go to

SPEAKER_175: the club they're living at the club they go down to the pool and they get x number of hours in a

SPEAKER_46: booth at the club or what do they call those cabanas the mom and me is freaking out about this part of

SPEAKER_78: it but yeah it's like soho house it's like someone new york at sohouse young people and actually so

SPEAKER_246: house and sit by the pool and they order bottles of vuv and they they trump is talking about your

SPEAKER_139: lifestyle like hell yeah do it although you you know this is gonna mean nobody ever works again

SPEAKER_12: nick points out quite astutely that twitter might actually be an inverse signal in terms of success like if twitter hates it and they're all dunking on it like head on in i i think that's probably

SPEAKER_254: directionally true yeah listen you know i'm a bulldog guy but us dog owners we've been totally spoiled with the ridiculous number of dog sitting and dog walking apps that are out there today there are a ton of places to get a great dog walker or to have somebody watch your dog when you're away on a business trip on a ski trip whatever it is but what about my cat people well i've got the perfect solution for you it's called meowtel it is the number one cat sitting app available right now for you on ios and android meowtel sitters have over 60 000 five-star reviews from happy cat parents and they really are parents you know cat people and you're probably one of them all sitters are fully vetted and insured and they offer once or twice daily drop-in visits or overnight stays in your home so that your cats can enjoy playtime and cuddles in the comfort of their regular environment a meet and greet is included with each reservation so you can ensure the perfect fit and your sitter will send detailed updates and photos of each visit to let you know how your feline friend is doing meowtel provides a hundred percent satisfaction guarantee and a team of support specialists will help make sure you have a perfect experience so here is your call to action use the code twist25 for 25 off your first booking that's twist25 at meowtel m-e-o-w-t-e-l go ahead search

SPEAKER_246: for in the app store all right there's uh we have a startup of the day let's just do it real quick

SPEAKER_51: yeah let's cruise through this is really really interesting um jobber great name by the way jobber

SPEAKER_12: j-o-b-e-r a startup that enables small home services businesses just raised a hundred million dollar series d this is not ai this is not carbon capture no this is work straight up work blue collar is having a moment jobber is an edmonton-based startup that provides an ops management platform for home services businesses by which i mean like electrical carpentry plumbing it helps you uh with a customer crm a super easy chat so that you can get like automated texts and emails your electricians on the way you'll be there in 20 minutes gives estimates quotes lets you schedule appointments there's invoice managing and then if you're a contractor solo contractor you pay 49 bucks a month up to five workers 129 bucks a month and up to 15 249 a month the business currently has over 100 million dollars in arr and they serve 200 000 businesses in 60 countries so for those individual i mean it's perfect for for both sides right like one you may be an a phenomenal electrician who's not great at communicating like my plumber guy i love him we can't communicate at all like he comes and does light electrical and whatever emergency plumbing work and you know we kind of grunt at each other and he just tells me how much it costs and i'm like fine with that because i trust him but if he had this layer this interface to professionalize his operation way more business and then on the other hand everybody needs this stuff right now everybody needs this stuff all the time there's never i mean back to plumbing right there's never a moment when you don't need access

SPEAKER_64: to this austerity measures can take you so far i i do not need to drink the blue bottle chicory

SPEAKER_57: coffee for 450 again i was buying those you know every time we'd order groceries every week or two you know six seven eight of those would come in i would plow through them and then i looked at the bill i'm like hey you know and then i go to buy my own cafe du monde and doing my own cold brew coffee at home

SPEAKER_64: tastes better and i'm saving whatever it is 50 bucks a month on these things maybe like 100 bucks a month i was probably spending on these things yeah 100 bucks a month i was probably doing 20. um you

SPEAKER_263: know if your plumbing backs up right and that's at the moment says you will plum it and you can't get it you're gonna call the plumber you call the super you know you'll get the off the plum molly you know it is a lot of is backing up in your apartment you try yourself if

SPEAKER_11: you own it like i'll try i will definitely try and if i can't get it i call bb help me you're gonna call

SPEAKER_02: and i always make him a coffee tell you what yeah of course he gets a coffee every time he shows up

SPEAKER_57: this is what i trained my team to do anytime a service person comes not only do we make him a coffee or give him a drink and we have drinks there we give him sodas for the road a little road

SPEAKER_267: soda on the way out totally hand them a tray of stuff hey take two or three for the road

SPEAKER_57: we order him lunch we say and i i gave the script to my team

SPEAKER_09: we're ordering shake shack for the house jason said we had to order you guys shake shack too can we would you like a chicken sandwich which jason thinks is the best thing on the menu or the double cheeseburger which jason thinks is the best thing on the menu which one would you prefer and they're like i

SPEAKER_269: don't know and like we'll get you both we buy 30 bucks worth of shake shack we hand it to them

SPEAKER_09: and they take it home they eat some whatever who comes first when the toilet's backed up or there's a flood exactly yeah and you can cut things with austere meshes but you're not cutting the air conditioning being broken in texas or florida i can tell you that you are not what i just can't live

SPEAKER_12: without hot water there's so much stuff like this that just needs that layer of accessibility and i just think that this is and and you know i mean i just keep saying the electrician is the most important job in the world right now um before we what they're making i mean you can make six figures

SPEAKER_57: easily as electrician my brother josh is an electrician uh and we new york firefighter retired is doing electrician work they can make a fortune you raise your rates you don't lose any customers

SPEAKER_64: and the number of states that are at a deficit right now you can go live in hawaii florida texas san diego alaska i just pulled up which states need the most electricians it's like hawaii florida australia i'm sorry austin you can go make where do you want to live more than a startup employee yeah in these places yeah and you might and you can set your own schedule too you don't want to work fridays and mondays just want to work tuesday wednesday thursday and you want to put in 12 hour days do

SPEAKER_12: that you have by the way you have all of that and your union so you have all of that and you will be taken care of if you get hurt on the job yes yeah yeah no it's like time unions big time i mean this is this is again this is any minute now i'm going to write the whole entire newsletter that is in my drafts title don't learn to code learn to wire like this is the blue collar moment you can especially

SPEAKER_52: like key to the energy transition electricians how about that piece no the like windmills you can't do tables to connect the electricity exactly like you we literally cannot accomplish an energy

SPEAKER_12: transition you cannot electrify your house you cannot get a car charger put in you can't get the panel upgrade you need elect we need electricians like we need like a freaking peace corps for what

SPEAKER_289: was that what was the american like the work thing the labor corps and then whatever you're talking about

SPEAKER_290: yeah it was like a clinton thing in the 90s yeah america works kind of thing americor we need americor

SPEAKER_64: for electricians it's uh this is why i think we should do these um we should tie school loans to

SPEAKER_57: professions if you go to electrical school you can actually get a loan against your tuition no problem an isa income sharing agreement so you can get isas for nursing for plumbing for electricians no problem

SPEAKER_295: whereas if you and code school but if you go to get your liberal arts degree or whatever philosophy

SPEAKER_12: you're gonna go 200k and debt oh see okay here's where i now think that we're going to move to the polls because i think actually a philosophy degree a humanities degree like that's going to become increasingly important like do you have data science school starting to integrate that because the the only thing we can do now that the computers can't is infer be creative make conclusions create you know creative writing whatever so i think on you i think you'll have this like you got we need electricians we need plumbers we need all of this stuff we need thinkers and dreamers and inference makers and then in the middle we don't need accountants we might not need lawyers like there's

SPEAKER_153: all these we don't need coders like you don't need to code i think you need i think you're gonna need

SPEAKER_09: less i think there'll be like 10x it will turn everybody into a 10x lawyer i'm not being right i'm

SPEAKER_12: not being so literal that we need zero yeah i'm just saying that all of the things that we that we think of as technical services a lot of those technical services will get hit hard but if you're a creative there's still going to be a ton i think we will return to a ton of value there

SPEAKER_57: maybe it's my theory like i want to you know put a j trade into maybe the audience can help me with this email producers at this weekend startups.com um who are the stock photography libraries uh i

SPEAKER_09: think that's over like why would you take a stock photo if you need a photograph of a mountain a ski

SPEAKER_57: mountain i think you're going to get a better one from the ai than from a photographer i'm sorry to photographers but i think you'll get if you're the creative and you want your website to have a picture

SPEAKER_09: of a you know mountain during christmas and you want to have a picture of a beach during the summer you know going to getty and paying 500 bucks or five thousand dollars take out your credit card it's going to be so much friction and going into canva or another tool that incorporates ai because obviously canva will have stable diffusion built in and you're just like build me a website square space right with a beautiful sunset and uh i would like to have a bunch of those little huts

SPEAKER_64: uh you know that you walk out on a dock and you can you know oh yeah over the water yeah oh yeah i'll make the sunset more orange and it's just going to be like boop boop boop boop and it's going to be

SPEAKER_57: faster and free yeah and going to getty and logging in and searching it's going to be harder to find

SPEAKER_12: that image you can just define what you want speaking of which uh before we toss quick microsoft update uh microsoft did in fact in a hastily pulled together press event today officially announce although we've been telling you this for weeks that they will integrate openai's gpt software into the bing search engine they did a launch an event to launch the technology today tuesday and said the bing upgrade will enable a new kind of search in which people will pose questions to the search engine in natural language and it will generate direct answers i think something's gotta buy quora

SPEAKER_57: right now i saw quora sell google well i think adam from i've tried to get him on the pod a bunch of times i've never heard him on another podcast but i want to get the guy adam from um quora on the pod because they're doing something where they're going to allow people to license the answers on quora that they got from users like that opens up a can of words so those people who answered there they don't have any expectation of getting paid they did it for fame and to be helpful and recognition so maybe they get a link back but i think they're going to let people access quora's api to tap those answers

SPEAKER_09: but i think right now why is microsoft and google not just offering like a couple billion dollars for

SPEAKER_57: quora it seems like that's a gold mine of data and if you could block the other person this could be the next trend is buying data sets and blocking the other person so if i buy quora and i'm bang or microsoft then google can't buy it right i mean this is the nightmare scenario these data sets exactly

Jason Calacanis: the nightmare scenario is these walled garden data sets like this is what an open ai as it was

SPEAKER_12: conceived would ideally have done and yet here we are here we are or you license it to both and they

SPEAKER_64: buy a 10-year license but then they have to rip it out i guess at some point it's got to be i guess

SPEAKER_12: i mean perpetuity producer brian makes an amazing point here which is that the ftc if they are not already should be paying a lot of attention to potential acquisitions around giant data sets

SPEAKER_243: they're still looking at double click 15 years ago and instagram 15 years ago they're like they're

David Friedberg: fighting the last battles where is the ftc like lena khan you should be in the audience at this bing

SPEAKER_52: microsoft gpt event i mean we don't know that she's not one thing i do hate about us in the chattering class is we do we are you know like you guys are always like they don't know what they're doing like we don't know we do not know we do not have about double click lawsuits take forever the

SPEAKER_57: law takes i know but they're pointing the gun at like um you know a deer that went by 15 years ago

SPEAKER_12: and it's like they're not they're not suing over the they're not suing over the acquisition they are suing over what the ad network became the fact that it's the publisher of the platform and the you

SPEAKER_09: know the sales arm understood but they approved it so how do you go back in time and say we're going to disapprove it now and here's what happened i don't know how that flies in the courts and then you have at the same time uber's building a billion dollar a year business amazon's built a multi-billion dollar ad business netflix is building a multi-billion dollar ad business hulu's building a multi-billion dollar ad business like i think the damage that was done by that was done over the last

SPEAKER_57: 15 years it's not going to happen over the next 15 years they're going to be losing market share to

SPEAKER_334: those new ad networks this is where they should be focused is whose data sets are getting and all i'm saying is we shouldn't assume that they're not hopefully they are right like they did that had

SPEAKER_51: this had this team been in place when google was buying double click yeah maybe maybe they would have brought the lawsuit right they're a lot more aggressive so let's just not assume that they're

SPEAKER_52: definitely dumb dumbs with their heads in the sand we don't know i don't know they might be they

SPEAKER_12: might be with their heads in the sand they might be focused on this other thing or they might be under

SPEAKER_57: resource or whatever action i was just going based on the action but they by the way we didn't discuss this but you know they they blocked successfully or i'm sorry meta ftc lost the antitrust challenge

SPEAKER_347: yeah from meta buying that like tiny little virtual reality startup i mean to be honest like this is

SPEAKER_12: why you gotta read that chicken shake club book it's fascinating because it literally is about why by jesse eisenger it literally is about why the doj and sdny and all of these federal prosecutors stopped bringing cases because they didn't want to lose so they didn't bring cases they did not go out against the google and double click merger because they were afraid they might lose and lena khan has been very clear in saying we are going to pursue cases that we might lose

Jason Calacanis: because it's the only way to win so it's a really different and specific strategy and it did become part of the like prosecutorial like world in the federal and especially in terms of prosecuting white-collar crime if you thought you were going to lose you didn't bring a case

SPEAKER_205: only one the chicken club while the justice department fails to prosecute executives

SPEAKER_64: july 2017 this came out jesse eisinger i have to check that out i didn't do it it's fascinating

SPEAKER_57: all right everybody that's your tuesday got a lot coming up joe gabia airbnb co-founder i'm going to interview him about his new adu backyard unit startup oh yeah we talked about that on the show with startup of the day oh exciting that's going to

SPEAKER_175: be fantastic socially i hung out with him a couple times he's a really cool cat

SPEAKER_271: like a designer but he's really thinks differently i'm kind of a joe gabia fan and so i'm really excited about that and then you have some climate startups coming up and some climate investors coming

SPEAKER_12: up on the shop show right we do a special series coming up with special series climate is returning came in to do that yes yep exactly and if you would like to be a sponsor of the ongoing special series of climate startups because people actually really liked hearing about them it's hopeful we like a little hope people who are solving real problems um those are coming up yeah we got we're really leaning into interviews this year in 2023 and it's super fun because it's just so like yeah it just opens up a whole world every time we have one of these conversations we'll still be doing news but

SPEAKER_00: we're adding back clearly we got molly and i got into news we got into news you know like we it's a lot to discuss a lot going on in the world but we gotta get these interviews back there's so many great people if you want to be a partner and you want to sponsor this week in climate we're doing it as like 10 week series now so jump in there email producers at thisweekinstartups.com tell us about your company and maybe you could uh partner and uh sponsor the show yeah all right everybody love it that's a tuesday for you that's a tuesday see you tomorrow yeah and subscribe to mollywood.substack.com

SPEAKER_52: and oh my god can i just say you did one this week i did one this week and i was like yes you can start a climate company because everybody's talking about starting ai companies and i was like you can do

SPEAKER_153: and i got an email from someone who said i'm super inspired and i want to start a climate company can we

SPEAKER_12: talk about founder university boom nice because i put a nice big link in there i was like we have a place for you join to come and get started all right everybody see you tomorrow on wednesday bye bye