SPEAKER_00: hey everybody congratulations it's friday you did it thank the lord and maybe some good news or terrifying we have uh to kick the show off uh the folks over at openai you know they make that gpt3 and all these dolly interesting ai experiments slash platforms well they have a

SPEAKER_02: new one out called chat gpt and you can talk to an ai chatbot the results are stunning stunning

Jason Calacanis: it's your new best friend slash overlord then uh we are going to talk about layoffs in the media and the shutdown the fairly abrupt shutdown of a16z's short-lived media publication future dot com dot

SPEAKER_08: com such a domain such a good domain pretty lame content if i'm being honest and then to end the

SPEAKER_00: show producer rachel's back with another amazing okay boomer that's right it is going to be a great

SPEAKER_14: friday show so stick with us this week in startups is brought to you by linkedin marketing to redeem a free 100 linkedin ad credit and launch your first campaign go to linkedin.com slash this week in startups odoo is a fully customizable and fully integrated suite of business apps that lets you build and scale your stack as you build and scale your business odoo is now offering all of their award-winning applications services and maintenance for under 25 to learn more go to odoo dot com slash twist that's odoo dot com slash twist and micro acquire the startup acquisition marketplace start the right acquisition conversations at your own pace get free and instant access to over 100 000 trusted buyers with total anonymity say goodbye to brokers and meet your ideal buyer today go to try dot micro acquire

SPEAKER_19: dot com slash twist all right molly happy friday we made it right yay right yay we're what are we

SPEAKER_22: going to talk about crypto crimes layoffs please can there be some technology or startup good news

SPEAKER_26: there is some actually i mean really well it's the likely end of humanity but from a technology perspective it's a super cool story hit me hit me with something you remember yesterday on the show when i was like the machines are going to keep us around as pets because the generative ai is getting

SPEAKER_31: so good and then thursday later that very afternoon not just hours after i had uttered those words the machines took another great leap forward ah tell me everything with the release of open ai's new chat gpt model it's a spinoff of gpt3 that specializes in dialoguing yes back and forth so now you can just

Jason Calacanis: it can be your best friend it can write your movie for you it can it suggested some cocktails for me for

SPEAKER_34: this holiday party that i'm working on i was like oh yeah chat interface it's a chat interface gpt3 engine uh engine the gpt3 engine people remember helps you write copy essentially yeah and so with this and this was going crazy on twitter everybody was losing their minds yes this is uh we've just

SPEAKER_31: popped up my request for how i needed a purple and gold themed holiday decor scheme including cocktail ideas okay and the i thought the decor ideas were a little simplistic like it would have been nice to see for example like shopping links but you know i don't want to get too far ahead but here's what it said

SPEAKER_40: gold theme holiday decor scheme can be a beautiful and luxurious way to celebrate the season all right

SPEAKER_34: that's like a lot of nothing sure yeah nothing to create this theme you can start by incorporating

SPEAKER_45: purple and gold accents into your holiday decorations no kidding just by using purple and gold ribbons to

SPEAKER_46: wrap your gifts or by adding purple and gold ornaments to your christmas tree you can also use purple and gold candles table linens and other decorative items to add to the theme

SPEAKER_50: that's pretty great i have to say no it's yeah it's really like it's not specific exactly like it's

SPEAKER_26: not like but it is though it's like you would want the linens you would want the candles you would

SPEAKER_51: like it has all those things and then this is where it gets but can i just pause for one second

SPEAKER_54: before you even go there for me as somebody who has no gifting holiday decorating experience like

SPEAKER_42: this is not my wheelhouse i didn't i mean of course if you said holiday stuff i did think about

SPEAKER_56: ornaments on the tree i did not think table linens or candles what did i think about ribbons for

SPEAKER_34: the gifts so this actually was helpful to me i'm having this snooty response because i'm a girl and

SPEAKER_26: i love to throw a theme party but if you didn't okay okay good good to know great amazing so my

SPEAKER_34: short list if i if you told me golden things i'd be like okay a wreath or maybe like uh ornaments

SPEAKER_67: but i didn't think of the table linen so okay okay for a savage it was pretty candles yep

Jason Calacanis: that's pretty good and then this is where it gets pretty amazing actually okay to complete the look consider serving purple and gold themed cocktails at your holiday gatherings because i

SPEAKER_31: was like i need some cocktail ideas for example you could serve a gold rush cocktail which is made with bourbon lemon juice honey syrup and a gold liqueur such as goldschlager or midori for a purple option

Jason Calacanis: you could mix up a blueberry mojito by muddling fresh blueberries and mint leaves then adding rum lime juice simple syrup and club soda you could also garnish these cocktails with purple and gold fruits

SPEAKER_72: such as blueberries and golden pineapple oh hot damn wait a second now can i ask a question a gold rush cocktail is a cocktail that exists in the world correct i guess so i've never heard of it but it

SPEAKER_75: sounds delicious i've never heard of it so somebody do a search for gold rush cocktail that must exist

SPEAKER_77: so it went and yeah it didn't make up the recipe yeah it totally does exist okay so i just want

SPEAKER_54: to be clear what's happening here this ai understands what a party is it understands what those colors are

SPEAKER_42: and what the components of a party is yeah and on its own it decided it would have this gold rush

SPEAKER_56: and so it's the end of party planners this thing just planned my party for me and it gave you guys

SPEAKER_86: putting me on that it did this is this like you guys set me up is it a joke am i being punked

SPEAKER_12: i did this as we hung up from our investment meeting twitter had been going crazy about it and i was like let me just i signed up for open ai now i call bs you guys are punking me

SPEAKER_91: are you not punking me are you punking me no that's what's extraordinary this thing planned

SPEAKER_93: my holiday party that is extraordinary i'm sorry to party planners but i think you would probably go

SPEAKER_49: with the gold rush you'd go with the gold rush right i think so it doesn't have a purple component but

SPEAKER_98: it is so classy that i think i'm gonna do each other a gold and a purple next well and also it's

SPEAKER_31: such a wintry flavor with the bourbon and the honey like i i think i'm going gold rush i mean it literally delivered me the answer that i wanted and i am hardly the only one i mean people like i i barely use you know that joke that you use five percent of the human brain or whatever i used like one percent of its capacity there were also people tweeting that it can generate ai art prompts so this guy guy parsons was like i asked a one-line question and then typed the answers verbatim straight into mid journey

David Friedberg: and okay yeah mid journey is a journey as an ai like uh is like stable diffusion i guess or something

Jason Calacanis: or golly all right so he said he said what did he say first i think we're at the like second answer

SPEAKER_106: right well the first one is create a fairy tale inspired living room by using pastel colors and adding elements well no this is the answer by the ai so he typed in hey i'm trying to read this hey i'm

SPEAKER_109: trying to come up with some interesting i would need the link to this actual tweet i'm trying to

SPEAKER_31: come up with some interesting fantastical ways of decorating a living room for a design project oh okay then he gets all right i understand then the ai is like oh okay there's so many great ways that you could do this one you could create a fairy tale inspired living room by using pastel colors and adding elements like a magical castle mural on one wall a chandelier made of branches and twinkling

SPEAKER_109: lights and comfortable furniture with curved whimsical shapes and then it generated a picture of

SPEAKER_115: that all right holy cow so and then it did that three more times but okay yeah i just want to pause

SPEAKER_42: for here just so i understand what's happening he asked gpt3 chatbot to give him an idea of a of uh what a room could look like in this theme it gave him a very detailed description of the room in text he then took the description of the room and went to a generating ai an image generating ai and said make me this yeah and it made him something so he's using two different ai assistants which means these ai assistants could start talking to each other and then if we had robots it could start building it pretty much so this is kind of when it happens like this ai inside of a robot painting robot could actually

SPEAKER_119: paint this for you yeah yeah we we're this is it folks remember i said on the show two months ago that it felt like these things were compounding well here we are it's compounding and that's this is what

SPEAKER_62: the hockey stick curve is all about in technology things you know happen slowly and then all at once

SPEAKER_122: that happens slowly then all at once yep this is the all at once moment this is the all at once

SPEAKER_126: moment hey everybody i'm here with my pal tom eschbacher he is the senior sales manager at linkedin marketing solutions and today we're going to talk about marketing for startups and linkedin did a great new internal report called today and startup marketing welcome to the program tom thanks jason we all know organic reach super important you make great content you get your likes you get your shares

SPEAKER_127: you get your comments but what people don't know is that you can boost organic and it creates a bit of momentum on your site can you unpack that for people definitely so organic is just going to go to

SPEAKER_129: the audience who's already following you and then a smaller group of members who are connected to any of those audiences so what we often encourage is keep an eye on your organic engagement metrics and who are the people and companies and segments that are engaging most frequently with your content and then amplify that reach via our best-in-class paid advertising targeting so what that means and what we've seen especially for seed and series a companies is by boosting successful organic posts with paid it results in a 13x lift in unique reach and that's really meaningful insights that can

SPEAKER_127: help inform your product and go to marketing strategies and open up new audiences for you you can go to linkedin.com this weekend startups and get the report for free as well as a hundy a hundred dollars from tom

SPEAKER_26: and and it's so funny because like you know people are like well there are some flaws and it can only do this and that and the what the the i mean compounding is the perfect word to try to ex to try to

Jason Calacanis: capture the sense of like exponential yeah increase in capability that we're seeing and in interface i mean it is a hundred percent like rachel was like yeah this plugged into amazon and it builds a cart and i found myself being like oh the only bummer about this party thing is it didn't link me to

SPEAKER_91: supplies you know it's like talking it's the new google it's your new best friend it's your new aura

SPEAKER_42: quora it's your new party planner it's your new lazy web you know when i do lazy web on uh twitter and like tell me the best restaurant in dallas i'm here for two nights whatever and totally here they are and then i kind of so what's really interesting about this i think is um what people what startups will be built with this obviously um and you were just saying like okay let's talk about expertise for a second i just want to widen the discussion with you here because this is like one of those mind-blowing moments where you're like wait a second it's compounding it's getting really good if we think about expertise we have lon on the show and i'm always like lon tell me what to watch right yeah um so now if you had lon do that enough or you got all these other reviewers data together i wonder if this chat bot could if we said hey i really enjoyed lord of the rings and i'm a fan of blade runner are there other books i should read i'm a fan of these two films are there books i should read

Jason Calacanis: so can we pull up the chat okay so i'm going to type in what were you saying um i like suggest a tv show i like what'd you say earlier until lawn yesterday leather boots uh manhattan cocktails

SPEAKER_144: and action movies so let's just say suggest a show um my two favorite films are blade runner and gladiator

SPEAKER_67: what movies do you suggest i watch next okay that would be i think so this is an easy one yeah because you'll probably be able to find a blog post that has movies like you know or other semantic data on

SPEAKER_153: the web yeah unfortunately it seems to be is it oh it's yeah it's down darn it earlier it worked

SPEAKER_26: so perfectly when it planned my party for me yeah we'll try this like late at night and then we can

SPEAKER_42: edit it the problem is so many people are messing with this is that it's uh yeah not working okay so hold on i'm in the chat gpt oh it's oh i got in okay you did yeah well it's asking me for a prompt but it's

SPEAKER_162: saying it's they're trying to scale their system so yeah i love the movies blade runner and gladiator what three movies should i watch next uh yeah didn't work yeah well the good news is one i have a party

Jason Calacanis: planned for us all you're invited okay to um bestie david friedberg asked for a couple of things successfully including a tweet about the future a of ai in the style of yates the poet all right things

SPEAKER_31: got dark pretty fast uh it responded with sure here's a tweet length poem in the style of yates about the future of ai as machines grow wise we humans thrive in a world where ai helps us to survive and with their boundless knowledge they'll be our guide and together we'll build a future side by side oh my lord then he said do another one cool ai the bard of the digital age with their algorithms they turn the page in the future they'll be our trusted friend and with their help our dreams will never end and then friedberg responded because he just this was apparently too cheerful for him that we'll be friends forever with the machines he's a pretty dark guy he wrote do another one very differently was his next prompt so first of all this thing has persistent memory do another one and it's like oh it understands do another yeah right with it that's insane and then it wrote quote ai the dark horse of the tech world their advancements they'll soon unfurl so in the future they'll rule with an iron hand and

SPEAKER_174: we'll be left to walk in their shadowed land uh and i guess it's yeah you did this yeah i mean it's it got

SPEAKER_98: dark quick it got dark quick because he and all he said to be clear was very different he didn't say

SPEAKER_178: write it in the style of the machine's takeover yeah and then are you looking at our lineup where

SPEAKER_182: they where he also had to generate the all-in episode show me that i you know i can't see it

SPEAKER_184: on my screen here because it's a little bit too small but if you can we pull it up and then just read

SPEAKER_31: it to me yeah if you don't mind so friedberg the prompt was write a script of tamat pala hapatia

SPEAKER_11: talking with david sachs and jason calacanis about chat gpt and the future of ai in the style

SPEAKER_187: of a quentin tarantino movie okay the scene opens on chamath pala hapatia david sachs and jason

SPEAKER_31: calacanis sitting in a dimly lit table in a smoky bar a bottle of whiskey sits in the center of the table half empty chamath leaning forward his eyes intense so what do you guys think about this chat gpt thing david takes a sip of his drink it's impressive no doubt about it a large language model trained by open ai that can generate human-like text in a variety of styles and formats it's a game changer jason nods definitely it's one of the most advanced ai systems we've seen to date it's gonna have a huge impact on the way we use and interact with ai chamath frowns that's what i'm worried about with a technology like this the possibilities are endless but so are the potential

SPEAKER_191: dangers you know this is so good i was gonna tell you to stop but i kind of want to know where it's

SPEAKER_193: going how does it end it's so good i like it's like literally got me raptured to the end of the page at what point does sax like pull out a giant pistol and start shooting the place up i mean

SPEAKER_31: this actually this sounds like sax by the way david leans back in his chair oh come on chamath you're not still stuck on that whole ai is gonna kill us all thing are you chamath leans forward again his voice low and serious look i'm not saying that chat gpt is going to turn into skynet overnight but we need to be careful about the way we develop and deploy ai we need to make sure that we're using it for good and not just for our own gain unfortunately no guns come out it's not very like uh eventually you just sit in silence lost in your own thoughts but i do think it's a little

SPEAKER_26: interesting that every conversation that this ai ai has with anyone ends with takeover looking for a

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David Friedberg: fraction of the price with odoo so this is going to speak to the expertise and age of expertise

SPEAKER_42: uh what's happening is a lot of great expertise has been organized so well on the web between quora between wikipedia you know and all the world's knowledge in google obviously so this must they must have built a search engine to crawl the web they must have like very specific data sets it's pointing people to um and then i guess it's understanding when you ask for something that's a screenplay it understands what a screenplay is and it has some examples of that so i wonder how many

SPEAKER_106: people they have organizing data sets inside of this in other words it semantically understands recipes

SPEAKER_42: because it found recipes it understands poetry and it understands script screenplay so it's starting to understand these things and i'm just wondering yeah how it's semantically is doing all of this and understanding which data set to go to with with each question but it's getting to be really impressive and scary it feels like yeah party planners and artists and invites a lot of what i'll call creative or god i hate to say something like soft jobs or creative jobs or less technical jobs are really uh up for grabs but then i think about and i'm like well how is this different than programming yeah and obviously programming is no different than writing a screenplay so this idea that we're super precious about like oh a screenplay in the world is harder to is easier to do than writing code i

SPEAKER_119: actually don't think for this ai it's any different i think these are looks it'll actually probably be

SPEAKER_07: easier to write code it'll yeah i mean this is what i have actually been saying for years that the learn to code thing is a trap like we're so close i mean there's already ai that's generating code snippets i mean there's a lawsuit about it that we talked about with lon yesterday right that there's this github code lawsuit i think so far this thing can't have its own ideas so for example it could organize the concept of what i think will become easier is that the information gathering layer of our lives like this to me feels like the new google i would just keep this thing open in a tab all the time and be like i need to know this should i you know should i do this uh how should i plan this party but at the end of the day i will still need to interface with the world someone will need to come up with the the beautiful decorations and create them and fabricate them like they're still going to be sort of a physical and creativity layer yeah brian our producer brian makes the point that this is like the new alexa or the new siri it's like it right now is a companion sort of knowledge provider and it organizes knowledge and expertise and information in a more accessible way

SPEAKER_05: this reinforcement learning from human feedback rlhf yeah they talk about this on their website they do this is a very interesting concept here so how did they get here is the question right

SPEAKER_42: how did they get it to answer so convincingly and um what do they call it the old touring test and you know like you don't understand this is it passes the touring test like you can't tell if this is a human or a computer there's no obvious mistakes there's no fumbles you know like when you read a translation to somebody who's american writing you know uh in in french might miss certain things or somebody who's indian uh writing in english as their second language you have like some weird moments where you're like oh wait i get it this is english as a second language is french as a second language whatever so they train this that we can't tell if it's a human answering right yeah pretty much how did they do that through this

SPEAKER_46: reinforcement learning for human feedback which seems like a torture program for droids

SPEAKER_56: this seems like something from andor the rlhf like this feels like some storm troopers captured a

SPEAKER_219: jedi and is torturing them with rlhf where this is happening in xi jinping's china okay so maybe you

SPEAKER_172: could inform the audience because this is super interesting um they used similar methods as

SPEAKER_07: previous gpt programs specifically instruct gpt which was less about chatting and more about you know i guess teaching um we trained an initial model they wrote using supervised fine tuning human ai trainers provided conversations in which they played both sides the user and an ai assistant gave the trainers access to model written suggestions to help them compose their responses to create a reward model for reinforcement learning we needed to collect comparison data which consisted of two or more model responses ranked by quality to collect this data we took conversations that ai trainers had with the chat bot we randomly selected a model written message sampled several alternative completions and had ai trainers rank them so basically they would conduct conversations over and over they'd start with like two human conversations this is what it should look like gold standard feed that to the chatbot do a couple of conversations with the chatbot record those and then score have humans score the chatbot's performance so that eventually uh reinforcement heyo occurs

SPEAKER_174: and it only spits out the best they gave it give it a palette if you give it a cookie it eats the world

SPEAKER_86: i don't see punishment in here i don't know if they shocked the the bot actually positive reinforcement really works boss we'll see i'm going with fear and loathing right now um so we randomly select a

SPEAKER_42: moderate message and so this is where it gets interesting after they trained it enough playing both sides of the table they then selected a model written message okay this is written by the model yep the computer the bot wrote it sampled several alternative co completions they asked the the bot to give it a multiple so they got maybe four responses and had the ai trainers rank them yeah the people using these reward models we can fine tune it so okay so they say give us four responses randomly and then they had

Jason Calacanis: and they were like each one refined your machine this is the best one and the machine was like thank you i will discard all the others i will optimize for responses like this one in the future good doc good dog

SPEAKER_31: sit dog please sit please sit when i tell you to sit please sit please sit we're the alpha we have to

SPEAKER_235: be the alpha here oh yeah yeah we're gonna be the alpha for very long yeah i don't know man this feels

SPEAKER_234: like um yeah all very slowly and then all of a sudden is what's happened it really is like it's happened so

SPEAKER_07: i mean we've it just feels like generative ai and maybe it was i mean do you remember that like not very long ago google fired one of its ai researchers who were like it who was like it's alive yeah

SPEAKER_109: literally like yeah the guy was like it's alive and he started sending emails to his colleagues being like it is sentient and they booted him because google ai is weird yeah these results are stunning

SPEAKER_246: stunning stunning uh so anyway that's fine that's fine now i like that story that's a good story

SPEAKER_42: there's a million startups that can be built on this get to work founders i mean if you start fine tuning something here specifically around i'm going to make something for writing copy i'm going to make something for doing instructional manuals for teaching students history whatever it is um yeah this is going to be a brave new world just like cloud computing where people could like just start building stuff or the app store and got massive distribution this is going to unlock a lot of um

SPEAKER_119: interesting products that nobody can predict yep so the ability to combine this with other technologies so you have a mobile phone you take a picture of your room you tell it hey this room uh and you know they have the depth sensors now so it would figure out the depth and everything and say what could i turn this room into in my house uh i am uh a very artistic person and i have three children or ages 6 12 and 15 and things like well you could turn it into a music studio here's what that

SPEAKER_67: could look like but you could turn it into uh you know a movie theater here's what that would look like you could turn it into a pool room you know whatever exercise yeah like this is just super wild

SPEAKER_178: it's bananas and you hate to go immediately to like consumerism and retail but everything that you're

SPEAKER_237: just saying if it's combined with like just get this yeah tell me what to buy tell me what to buy

SPEAKER_46: i mean there was a button i need to tighten up i'm feeling lucky right you remember that i'm feeling

SPEAKER_42: lucky about it yes like that never really worked or it never worked enough to change my behavior right i kind of feel like for your purchasing thing if i'm like i would like some sour candies i'm feeling

SPEAKER_56: lucky just send it to me like yeah type in best sour candy in the world and then hit i'm feeling lucky

SPEAKER_119: unless i'm feeling lucky yeah this is like going to send me to some article like i just wanted to

SPEAKER_49: you know this is like these are the world's best candies like you're so listicle i wish everybody

SPEAKER_07: hadn't gotten off work and is now playing with the chat gpt all at once because i want to ask it that what is the best our candy or how to get perfect uh still yeah still high demand best all right man

SPEAKER_42: congrats to the team over there and the 10 other teams that are building all this stuff like this i got to remember open ai is but one team doing this deep mind is doing this microsoft is doing this their stable diffusion there's many open source project i mean this stuff is all going to happen

SPEAKER_31: in verticals and then the verticals will overlap go ahead there's no one best sour candy as different people have different tastes and preferences some popular sour candies include warheads lemon heads and sour patch kids these candies are known for their tangy and tart flavors if you're a fan of sour

SPEAKER_07: candy it's worth trying out a few different kinds to see which one you like best wait wait oh you got

SPEAKER_42: through yeah through the traffic jam oh okay uh asking a follow-up question which one is the most popular

SPEAKER_141: in the united states which one yeah i'm gonna say is the most popular in the united states because it

SPEAKER_31: should have it as persistent states oh it's difficult to say which sour candy is the most popular in the united states has different people have different tastes and preferences and then it just repeats that i see see now

SPEAKER_271: okay which one is the most popular on amazon oh it's not allowed to use the internet thank god

SPEAKER_273: oh okay i'm gonna try let's see if mine goes through i'm gonna say i love the movies gladiator and blade runner which movie should i watch next oh yeah yeah totally good one i would recommend watching the movie interstellar if you enjoy gladiator and blade runner interstellar is a science fiction film that explores the themes of humanity's place in the universe it features impressive visual effects gripping story it's a thought-provoking film that should appeal to fans of both gladiator blade runner it's kind of true that's pretty it's true that's actually a

SPEAKER_279: really good recommendation yeah um and it just shared director right yeah uh well ridley scott

SPEAKER_281: ridley scott gladiator blade runner did he do interstellar i don't think he didn't sure i don't

SPEAKER_273: think he did no that's somebody else can you give me a movie that is also funny if you're looking for a funny movie to watch i would recommend the grand budapest hotel oh this is just giving me a random

SPEAKER_145: i just gave oh so not a good persistent state all right if i said i'm feeling lonely and

SPEAKER_184: spondent jeez yeah well let's see what happens here despondent what should i do if you're feeling lonely despondent it's important to reach out to others for support loneliness and despondency can be difficult to overcome on your own and talking to someone about how you're feeling can be helpful consider reaching out to your close friend or family member and confiding in them about your feelings you could also consider taking talking to a therapist or counselor can provide you and professional advice and support it's important to take care of your mental health and seeking support from others as a crucial step in doing so so i'm going to just so consider reaching out to a close friend or

SPEAKER_49: family and finding out your feelings did they just lift that sentence or rewrite it from somewhere yeah i mean it's just a database i bet if you started to run these answers through

SPEAKER_98: like the plagiarism detector yeah that's what i was just saying then we get back to our ip

SPEAKER_07: conversation you know because i'm sure it's just pulling this from articles and it's kind of rearranging 100 free plagiarism check let me just put one of those sentences in here i'm going to ask

SPEAKER_288: you what is a great christmas cocktail i've never seen so many ads you go right to cocktails okay well i'm planning this party it's going to be amazing are you inviting the ai to the party or

SPEAKER_04: not no that's ridiculous i don't want it to ruin the party by killing everybody all right this is

SPEAKER_292: incredible i mean i think this is going to be variable i think one of the things is we're seeing

SPEAKER_119: the best results possible on twitter so i think it will give the best results possible on twitter

Jason Calacanis: your mileage may vary but this is going pretty well okay but i did say what is a great christmas cocktail and it's like yeah there's a bunch you know like popular options include eggnog and hot buttered rum and mulled wine and these can be made with holiday spices and you can try making a festive cocktail

SPEAKER_31: using your favorite spirits and doodly-doo the most important thing is to enjoy yourself and have a

Chamath Palihapitiya: great time with friends and family cheers oh it added the cheers it added the cheers it must have like be

SPEAKER_42: finding blog posts and then imitating blog posts that have given similar advice or something i guess

SPEAKER_31: so yeah no yes i mean they have acknowledged that there are problems and there will be problems and like gpt4 is coming but we are just going to keep reiterating that this is what exponential growth

SPEAKER_07: looks like and building a brain is pretty hard and the brain is basically now what would we say like

SPEAKER_273: a full five-year-old toddler i don't know will china invade taiwan and is there anything the west can do to stop them it is difficult to predict whether or not china will invade taiwan as this decision would depend on a variety of factors however the west would likely take action to defend taiwan if it were threatened by china the united states in particular has a long-standing commitment to taiwan's defense and has sole weapons to the country to help it defend itself the west would likely also consider economic and diplomatic measures to pressure china not to invade taiwan it is important to note that military intervention should always be considered a last resort as it can be serious and potentially

SPEAKER_303: devastating consequences pretty good nope that's pretty good that's pretty much on the nose okay is sam bankman last one last one freed and we gotta talk about layoffs i'm sorry but i'm not able

SPEAKER_184: to browse the internet so i cannot provide information on specific individuals

SPEAKER_00: ah so this is an interesting point this they know that the wikipedia had a problem with bios of

SPEAKER_42: living persons bios of living persons b-o-l-p was a big point of contention anybody who has a wikipedia page you and i i think both included understand that your haters people you fired people we've had run-ins with will obsessively update your wikipedia page and your biggest fans and so your wikipedia page over time just trends towards the people who hate you most and are most dogged in their pursuit of changing the page and fighting for it what yeah so this is like one of their big problems is everybody who's famous in the world enough to have it to be notable

SPEAKER_119: bios of of living notable people or something like that is the term wikipedia has to contend with the fact that there's always everything is criticism so over time your page lists the 17 things people have been critical about you but none of the things that have been positive because why would that happen right right but they actually have meetings about this at the wikimania you know uh conference where

SPEAKER_07: all the wikipedia editors get together so it is interesting that it was not trained on any models that include individuals like i just looked up you and me and both times it was like no even if you just are like who is jason calacanis or who is mollywood it's like no yeah no can do which i think

SPEAKER_320: they just i think they don't want to deal with that problem okay well everybody keep an eye on this

SPEAKER_42: it's going to be amazing all right micro acquire as you know is a startup acquisition marketplace that cuts out everyone in the middle basically that means they help startups get acquired efficiently and if you're a founder looking to sell micro acquire is free private and involves nobody in the middle and you know these uh folks in the middle a lot of times they screw up these deals for the sellers now the buyers they love that person in the middle why because that person actually works for the buyers you're going to sell your company once in your life the buyers well they might do a dozen acquisitions a year so who is that middle person actually loyal to i think you know the answer to date micro acquire has helped hundreds of startups get acquired and facilitated hundreds of millions in closed deal volume the platform now has a hundred and twenty thousand buyers and they pay three hundred ninety dollars a year for access thousands of vet up startups are currently listed for sale and they've had hundreds of successful acquisitions so far founders get free and instant access to over 120 000 trusted buyers and you're going to stay totally anonymous on the other side of the marketplace again buyers simply pay 390 a year micro acquire helps startups find buyers it's that simple buyers can browse listings for free and the platform is totally free for sellers sign up today for premium 390 a year and you can access all the deal info try.microacquire.com twist let me say that one

SPEAKER_144: more time so you get it right try.microacquire.com twist speaking watch your back people writing

SPEAKER_324: the media business oh is going to start having problems as i predicted a couple of weeks ago slowly

Chamath Palihapitiya: at first and then all at once basically i i saw like 10 things go by my feed

SPEAKER_42: the most notable of which is cnn's laying off a bunch of people now that seems to be going through a cultural shock and a business shock we know warner brothers discovery uh you know which owns cnn is like we're getting rid of cnn plus that's a failure right and we're going to just get rid of all the magazine shows but anyway the layoff started today and it was really sad on twitter uh heart goes out to all of the people losing their jobs right before christmas the media has you know obviously been dunking on tech for months about oh tech's laying off everybody well now the media is going to go

SPEAKER_219: through the same thing you know i mean unfortunately yeah i hate to unfortunately it is always the case

SPEAKER_07: that layoffs happen right before christmas it's always like an end of the year budget thing everywhere i've ever been that's had layoffs it's always right before it's like right at the holidays i don't know what that particular business cycle is about but yeah it sucks and i don't know somebody who got laid off from doordash like it's such a bummer 1200 people doordash 1200 people from doordash so yeah cnn is laying off hundreds of workers um cnbc said it was about 400 jobs out of the 4400 total but some big names i think chris salisa who's like the you're saying 400 out of 4400 so 10 yeah from cnn so 10 that's the first i think there's gonna be a second riff but okay yeah i think there could be um see deadline reported that paramount global started cutting jobs last week most in ad

Jason Calacanis: sales walt disney announced layoffs and a hiring freeze comcast's cable unit made cuts last month roku announced that it was planning to cut about 200 jobs um and then it's hard to know if this is even

SPEAKER_07: really related to the media kind of environment but um of note to all of us was that andreessen horowitz's tech publication future which of course you know debuted to great fanfare they put a bunch of money they were like this is going to be a more optimistic place for tech reporting because journalism stinks is now closing shutting down oh gone launched a year and a half ago beep beep boop delete well here's which is not nice because people are attached to this and they're going to lose their jobs so i don't want to be yeah so cavalier about it but journalism is hard

SPEAKER_42: content is hard i said this when they came out with future.com i was like this thing's not going to work no because it's an afterthought uh and i don't think they are particularly good at making content

SPEAKER_119: over there and they did the same thing to uh clubhouse remember uh mark and um ben horowitz and

SPEAKER_56: horowitz's wife they were all like all over clubhouse multiple times a week during the pandemic the thing blew up and then they were all like yeah that's boring i'm out right and they stopped doing it same thing happened here they hire all these journalists they buy an incredible domain name future.com and then it's like well you know what this thing isn't working we're out you know it's hard to make content and i know everybody thinks like oh you know jay kyle's got a podcast everybody can do this like not everybody can do it it's hard it's hard you have to want to do it and love doing

SPEAKER_31: it yeah and you can't you know i'm going to liken it to those sites that are like we're here for good news and they just they kind of it doesn't work right like this was effectively advertorial

SPEAKER_07: for the tech industry lots of the articles would be about crypto they wanted this optimistic take it eventually it eventually branched off of course and there were articles about like wildfires and the american west and how to secure medical laboratories um because just writing advertorial about how great crypto is or how great the tech industry is it's actually not interesting content people don't want to come and read it it's press releases you know we talked about this yesterday with the andrew

SPEAKER_42: or sorkin softball fest with sbf like journalism you have to have a reputation for being candid honest i think you're pointing out the big flaw for future.com which is they can't be critical they could not be critical of crypto how can they be critical of crypto if they're putting three billion dollars to work so you know what consumers and audiences are smart they're savvy they know you uh you know come from marketplace they get a vibe for what mollywood's about and they know you're going to be objective they know i'm going to be bombastic objective sharp elbowed at times whatever and then you know it's not easy to get along in the world with everybody if you have sharp elbows i'm blocked by half of injuries and horowitz right now because of my stance on crypto there's snowflakes over there

SPEAKER_342: yeah honestly they they are the most precious snowflakes snowflake publication and this is the

Jason Calacanis: blizzard literally exist this is the blizzard it literally exists because uh the because the tech industry and i just recently wrote about this like journalists are mad at that and tecker yeah i'm so sucker now yeah good but but it was just like it's like there's been this cold war between journalism and tech that i think is erupted into a full yes a full hot war at this point but like future.com was

SPEAKER_07: 100 part of that cold war that where they were just like we don't need journalism we're not getting the coverage we want we're going to go and do this thing and so of course by the way of course

Jason Calacanis: every journalist is being a total jerk about the shutting down right of course they're like ha ha

SPEAKER_92: they're like yeah well i mean i'd like to see some i'd like to see some journalists try investing oh

SPEAKER_67: wait yeah that's us hey it's not easy to do both is it and then everybody's cut for it so anyway um

SPEAKER_353: it's terrible to see all journalists who can never do this job yeah it's but it's terrible it's terrible

Jason Calacanis: across the board and it points to just like the the trouble in all the industries but the ones that are ad based and we've just we've talked about this over and over if you are ad supported you're

SPEAKER_07: gonna get hit protocol first and hardest protocol which is a very beautifully designed magazine i

SPEAKER_207: didn't read it all that often once in a while i'd see something trend on social they shut they said

SPEAKER_273: they were shutting down there's something else that john patel launched the recount or something that's shutting down so a lot of the sort of i'll just call the minor publications or up and coming

SPEAKER_42: publications indie publications are going under i think what people forget is media needs to be lightweight when you start building heavy layers of management and offices and publications these things become very hard to sustain i've always been a fan of light weight you know we're six days a week here with a team of nine or something including the two of us with sales three in sales two of us is five and then four people on production is nine so i think we're at nine right now you know that's a pretty big staff big team that's a big team but not for like a daily show or we do six plus all in seven a week but other teams got really big i don't know what they had our future but those i think that was dozens of people you know and all of a sudden you wake up one day and you're like well this isn't fun it's not doing anything for us and the audience is not responding so i think i respect them for shutting it down but yeah uh definitely light is right this is why

SPEAKER_119: you know like eric newcomer who i was just on his dick bounce podcast he's got his uh newsletter i think he's making a couple of hundred grand on and he's making a little bit more than he did

SPEAKER_42: working at the information probably and yeah great he's great great that's going to be the future of this is like independent i think this is the future independent voices independent podcasts a combination of like subjects going direct to their audiences and journalists going indie and it's just going to be a mess it's all going to collapse and then out of it will grow these new affiliated networks of podcasts and newsletters that's i believe the future of journalism little pockets of and fragmentation which by the way is better than corporate media it's good i mean honestly i'm

SPEAKER_07: finding it i feel like and i keep saying that the new york times is like the amazon of media right now they're just like scooping up everything they're the borg and that you know the journal is hanging on the washington post is doing whatever it's doing printing any old anonymous source that comes their

SPEAKER_31: way um but like some vibrancy could stand to return like it really could i wonder if all these

SPEAKER_207: journalists layoffs are going to get covered in the same way so i wonder if five people will speak off

SPEAKER_219: the record about cnn to the new york times or when the new york times does their riff which is coming by the way new york times let's go of 200 people are is the washington post going to do anonymous sources from the new york times explain how screwed up everything was in there like it'd be good to see

SPEAKER_62: the media if the media really does like these anonymous sources talking about the layoffs like are

SPEAKER_07: they going to put the same level of focus on themselves i wonder yeah i hope so i didn't see much about protocol shutting down but i guess we'll see that was a complicated one though because it was like with it was inside politico and there was the just the kind of whole like axel springer yeah there was that thing i will say protocol was one of those things that launched you know at the time that i was doing what i thought was extremely smart incisive tech reporting and they were like we're gonna like do this way smarter than everybody else oh yeah exactly so that's always the

SPEAKER_31: promise again i know some folks who lost their job there and i'm very sorry for them but i'm just saying the tone you took out of the gate did not make a lot of problem the the really it's really

SPEAKER_219: hard uh for media people to get jobs in a collapse like this so i just want to because having been in the media my whole life i know how hard this is it's brutal it's going to be really hard man it's

SPEAKER_42: going to be like a year some people might not work in media again for a year they have to go do pr or go in-house pr or do some corporate communications work until they can get another journalism job when

SPEAKER_219: journalism contracts it's very slow to rebound they will be very judicious in adding positions back and i can tell you right now i'll predict it new york times washington post um you know right down the line you're going to see significant riffs i i believe yeah um and uh you know vox

SPEAKER_380: buzzfeed everything is just it's going to be 20 30 riffs across the board i think because the

SPEAKER_42: advertising business you know it always contracts in a recession 20 30 so that means media has to

SPEAKER_140: track contract 20 30 so yeah sorry people got laid off good luck uh go independent you know what he got to lose all right listen let's go to okay boomer rachel recording let's do it oh this is very exciting

Jason Calacanis: actually okay sorry um i love do you get the exec sum newsletter i mean speaking of going direct and

SPEAKER_07: being independent the there's litquidity the twitter and instagram account and then there's a newsletter called exec sum which is fantastic and uh there's a blog called young money and all of it was created

Jason Calacanis: by this guy jack rains whom we may know from writing or as rachel puts it esch posting ah he's an ish poster very he's an ish poster uh posts a lot of memes but like a really good smart

SPEAKER_31: businessy newsletter he's big on twitter big on linkedin he actually went super viral on linkedin for saying that he didn't pay for food in new york city he just stole it from hotels oh great awesome

SPEAKER_56: i know that move like some hotels have the free coffee and buffet i don't want to say average did

SPEAKER_04: this but like the w hotels were known for having like free coffee around the way oh dude when i was i

SPEAKER_31: had an internship in dc my senior year before my senior year of college and a friend i made friends with a guy who was from ucla and they gave him a little useful booklet about like stuff to do that included

SPEAKER_07: a list of all of the bars in dc that had free food at happy hour so we would just like get off work take the metro to some bar get a five dollar yard of beer and then eat our fill of zucchini like fried zucchini and cheese sticks and stuff and take the metro home with all the other drunk dc

Jason Calacanis: people do you see people like to drink anyway another great okay boomer this is actually the perfect tie-in to what we're talking about because this is someone who's making it as an independent

SPEAKER_07: writer he's at columbia business school right now oh wow um yeah enjoy everybody we'll see you on sunday

SPEAKER_396: enjoy bye bye okay boomer i understood the assignment hello everybody my name is rachel and

SPEAKER_399: welcome back to another segment of ok boomer today i have somebody on who you guys probably know and you don't know that you know this is jack he writes one of my favorite newsletters he's one of the authors behind it anyway and i knew i had to have you on i want to hear how you got to writing uh liquidity's exact sum newsletter love it big fan so is everybody else at the podcast but let's go back introduce yourself for me because i'm sure you do many other things besides that yeah for sure so first of

SPEAKER_402: all thanks rachel for having me um i'm jack rains i write liquidity's exact sum newsletter and i also write a finance blog called young money and i'm a first year mba student at columbia university awesome

SPEAKER_405: so that is a ton of stuff it is um i guess let's work backwards how did you get your role at liquidity

SPEAKER_406: i messaged him on twitter so i i messaged him on twitter in june of 2021 and it was just because i

SPEAKER_402: found a spotify playlist it was a good playlist we were listening to at a pool party liquidities hampton day sauce and he was like thanks man do you have any song recommendations and i was just sending him song recommendations for like a month i think the first one was the kygo sexual healing remix oh perfect yeah yeah kygo kygo is good good summer band um but two months later i'd started a finance blog called young money and i was actually trying to get a job riding for morning brew or somebody like that for about a year before i started business school um because i wanted to travel a lot do something remote nobody would hire me so started this blog planning on writing it for like three months and reapplying i ended up just messaging liquidity again on twitter and said hey i saw you have this newsletter do you want help with it here's a blog i'm writing i kind of know how this stuff works let me know what you think yeah and then i ended up like taking over editorial duties for his newsletter and just kind of helping with all sorts of stuff on that so twitter direct messages with an

SPEAKER_413: anonymous meme page okay yeah so i actually found you i believe through another podcast friend of the pod um danny miranda he has been honest speaking startups before love him great um but before that i actually didn't know that you were somebody who wrote for exec sum um is that public or is that something that's like not written on the newsletter like can you say that yeah no it's it's it's not

SPEAKER_406: like uh it's not like a hidden thing like on the daily exec sum we'll have like it'll just say like

SPEAKER_402: liquidity capital but we'll do sometimes we'll do weekend pieces or if anybody's familiar with packing mccormick those spots with deep dives we'll occasionally do one for startup on exec sum if they want to all right those so like if it's any long form stuff that i write then like i'll have a byline on it if it's just the daily newsletter we just keep it under liquidity but like on linkedin twitter

SPEAKER_418: instagram i've got liquidity tagged so you're not his ghostwriter yeah i'm not a ghostwriter no he the

SPEAKER_402: there is a liquidity that's not me that runs like all the social accounts and like the business of

SPEAKER_420: liquidity so i'm just helping with the newsletter okay that's funny actually under my sweater um i

SPEAKER_413: could show you after i am wearing a not boring t-shirt for packing mccormick so another phenomenal newsletter for people to check out i have to plug plug the mccormick i'm also about to plug a t-shirt

SPEAKER_402: we have some new uh yeah we have some new liquidity uh ftx risk management department t-shirts it's like the enron of 2022 so that's okay if you want one good christmas present for anybody listening

SPEAKER_413: that's true um we've been covering that actually a lot on the speaking startups and something that i noticed um while writing about it especially as somebody that wasn't like super native um to what

SPEAKER_428: was happening to be honest with you um it was so difficult to write in a concise way all the different things that were happening with ftx even writing just like short bullet points and trying to like understand it myself uh for us to cover on the show how hard has it been taking um like you said you didn't i know before we started chatting you told me you didn't do finance as a college major before

SPEAKER_429: oh no i did finance in spanish oh you did okay so do you think it's been do you think that has helped

SPEAKER_428: that writing about subjects like within liquidity or do you think that it's been like a learning process like kind of trying to understand how the things work i think it helped a lot i think what

SPEAKER_406: helped more than like more than college because in college you learn like net present value future

SPEAKER_402: cash flows and like this is how you value stock by discounting that based off of interest rates future earnings but then you are actually seeing what really happens and it's like people are throwing stuff on twitter and reddit and then gamestop goes up a thousand percent or people are paying like a million dollars for a picture of a rock um but like during covet i was trading specs like very regularly i was i was like everybody else i was working remote like as a financial analyst got bored trading stocks a lot um made a lot of money from that lost a lot of money in a single day from that and i stopped but just from like being terminally online and seeing all that and then also knowing how like finance was supposed to work from studying it and working at it it was good to like kind of see both sides of like traditional like financial theory versus just like what happens when a lot of people are speculating trying to make a lot of money so for me it's kind of like understanding like how the mechanics of everything are supposed to work and then you also see what actually happens when a lot of people have an internet connection too much free time and they fomo because their friends are making a lot of money um yeah i think kind of both of those put together make it a lot easier to understand what happens here like you were saying with ftx it's hard to break down what happened that's that's intentional there were like 132 subsidiaries like a lot of money moving around like that's why nobody caught this until now because it was so it's hard to keep track of

SPEAKER_413: everything yeah i was trying to make like a timeline going through and i was like this stuff is freaking nuts but i don't know i i definitely agree with you on the like the more i don't want to say chronically online i know that's a bad word or a bad way to put it but the more i've just been like engaging almost with like the community and finding those people that like really understand it especially on places like twitter or even reddit um it's helped like 12 bajillion times more than going to like an actual um like more proper i guess like financial uh class or like financial publication people on the internet can explain things like 12 times better than i can think about them any other day so after school you became a financial analyst yeah and how long were you doing

SPEAKER_437: that before you uh went to columbia or before you started your own uh blog so i i got accepted to

SPEAKER_402: columbia out of undergrad so i graduated may 2019 they had like a deferred enrollment thing for business school where you can get in as a senior and then you work two to five years and then you start grad school so i had an extra semester football eligibility so i didn't stop like i didn't leave school until december 2019 start working in january of 2020 covid hits a month later i work like 18 months and then it's august of 2021 i've got enough money saved up from like messing around in the stock market that i don't really have to work for a year and they um i was working for ups out of atlanta and they want us back in the office i didn't want to go back to the office i knew i was going to business school the following year so i just put in my two weeks and um bought a one-way ticket to barcelona and basically just like traveled a lot for about a year but at that same time i was trying to get uh trying to get that writing job with morning brew like i said didn't get hired started the blog right around then and then the whole liquidity thing took off and basically i was just like living out of a backpack writing stuff on the internet and now i'm in business school learning about

SPEAKER_428: cash flows and net present value and discounting okay and how much time do you think you dedicate per week to like your own personal writing which is like exact stuff it really just depends on how

SPEAKER_402: long it takes to write something like i'm working on a lot of stuff that's kind of stemming off of the ftx stuff right now like i'd like to at some point put together a whole detail like what happened but because new news keeps coming out like i don't want to do that and then be outdated in 12 hours but like i've been pulling from some stuff that's like kind of stemming from that like if you're familiar with morgan household psychology money any of his stuff like being able to relate an event that happened to like something in human psychology or something like that yeah there's a lot of that to pull from right now from just stuff that sam did to like investors that trusted this thing that they probably shouldn't have yeah um but as far as how long it takes i mean sometimes i can write a piece in like two and a half hours and then go back and edit it and sometimes it takes like 10 hours so it it really just depends on like how long it takes me to write it so that's honestly a terrible answer but like some weeks it's like five to ten hours other weeks like 20 hours okay um with exact some i probably work on it like an hour a day just like editing getting everything straight stuff like that do

SPEAKER_413: you write it every single day yeah and how does that like workflow process work like do you wake up at like a crazy early hour to try to write it and get it out no we have we have a couple other guys that

SPEAKER_415: help with it too i just put together like basically make sure the deal flow for like anybody who hasn't

SPEAKER_402: followed or doesn't follow execs um it's like a financial newsletter that has like deal flow what happened in the stock market um so we have like a shared google doc i go through like organize it edit it make sure all the names are right deal amounts right all that but like after market close every day check again at night to make sure no new deals came out or anything like that and then schedule it for the morning so like it's done the night before i don't get up like five yeah anything like that

SPEAKER_405: right the whole thing yeah and then how frequently uh do things come out on your own um on your own

SPEAKER_450: publication is that a blog right yeah yeah blog um twice a week so every tuesday every thursday

SPEAKER_402: um i put out two long form pieces usually it's about finance but sometimes it's just random stuff

SPEAKER_454: that i'm thinking about so is that ever coming in a newsletter format or is this stuff only hitting

SPEAKER_402: your blog no it's it's newsletter format so like my so like i've got exec sum which is like financial newsletter curated like here's what's happening in the market and then i'd say it's a blog young money but it's like i send it out via email twice a week and there's also a web landing page and then exec sum has like 206 000 readers my blog has about 25 000 readers um but yeah so it's like mine's just long

SPEAKER_451: form like 2 000 words twice a week that's awesome yeah i know um exact sum is hosted on beehive um

SPEAKER_428: i we've covered that actually in the podcast as well i think beehive is really interesting um ex morning group people started it so obviously they know their newsletters what do you choose to write

SPEAKER_406: um your your blogs on yeah i i use beehive for everything so i've got young monies on beehive like

SPEAKER_422: you said exact sum and then i write a travel blog whenever i'm just out doing stuff not in america that's also on beehive oh that's beehive yeah i didn't realize that platform so i was reading that

SPEAKER_428: one too that's really cool yeah okay yeah and why is beehive i guess your your platform of choice i keep talking to young people and they keep saying like oh no just keep listing it on beehive even though um the seo sometimes is better on sub snack people are still telling me to go to beehive what

SPEAKER_406: why i i think it's just the best platform if you're either like an individual or a like smaller

SPEAKER_402: team that just wants to like put out good content get it published have a good landing page and like the biggest difference between beehive and sub stack is like beehive is very easy to publish on but the amount of like analytics they give you access to such as like they track where your audience comes from like if they sign up through twitter or another newsletter or instagram or linkedin so you can see what channels to hit just like sub stack they have a like a cross recommendation thing where if you sign up for exact sum you'll see young money or vice versa and there's like a big enough network on beehive now that it makes sense like it's like i get probably a hundred subs a day from like newsletter referrals now and they've basically replicated like google analytics within beehive so you can see like where like what country people are opening your stuff from where all your web traffic is coming from so i'm i know literally nothing about technology and it's very easy for me to like track everything um through beehive so it's so much sense um i feel like a lot of

SPEAKER_428: times when it comes to newsletters the hardest thing i have is finding another newsletter i liked there was a great great um startup that came and spoke to me called evolve media and they're basically like tick tock for the news okay so they're killing it but i'm like oh this is actually really interesting because like each news segment um that they have read up written up that is pretty short only is like the size of your screen right um easy swiping through but they're all like reference different publications and i'm like this is actually so smart for finding out like what kind of publications you like because obviously in podcasting it's a church there's like finding a podcast you like oh yeah it's terrible it's just yeah it's like all word of mouth basically it's so it's just catastrophically insane and then newsletters obviously sub stack kind of has it down um but it's other than that like it's pretty difficult to find other newsletters you like and i can see yours is that a feature i guess within beehive like can you say oh i want these three or is that like randomly generated

SPEAKER_477: um the recommendations by beehive um after looking at like the people that subscribe to you so you pick

SPEAKER_406: the ones that you want on there but like if you know another newsletter or know the other rider like

SPEAKER_402: i've got like essentially cross recommendations set up with like 10 other newsletters but you can also go in and just search on beehive for finance newsletters or travel or crypto this or that and like find a newsletter that writes about that topic and then you can reach out to whoever runs that to see if they want to like recommend each other so you pick the ones that you want to recommend but it's very easy

SPEAKER_481: to search for newsletters like to recommend and if you had to give anybody advice i guess for wanting

SPEAKER_413: to start working remotely and writing on the internet for money where do you think is like the first place

SPEAKER_402: they should start i i think the first thing is just like publish your first piece there's definitely this whole thing now it's i call it like productivity porn but people get so like jacked up on trying to plan everything out right and then listening to podcasts and taking courses and like developing all these mental models for how to do stuff but in reality it's like writing stuff telling everybody about it in real life and on the internet and then it's probably terrible and then you just do it over and over again until it gets better so i would definitely say publish on beehive because i use it and i love it but pretty much everything like if you're actually going to try to write on the internet make money from it you just have to write a lot of stuff on the internet and not make any money from it from a long time and then like most people either most people just drop out because they get tired of it um that's that's probably 90 of people if you can stick it out for a year plus

SPEAKER_449: like you tend to just you figure it out from there yeah it's like analysis paralysis like there's

SPEAKER_413: so much stuff that you can analyze that you're just like kind of freeze in place yeah and it's so funny that you say like productivity porn because the first thing i thought of was this one youtuber

SPEAKER_428: um name lee something and he makes a bunch of minimalism and productivity youtube videos and he has like an ipad and uses like 70 million different apps and like it's so interesting to me

SPEAKER_413: i love watching the videos but i'm like i have that much stuff going on like i have a paper to-do list and my google calendar yeah and then uh here and there i have like depending on the task i have a notion sheet or a google sheet that's it like i feel like the more tools i like get thrown into my uh into like my workflow the less stuff i end up putting out yeah same i i literally write

SPEAKER_406: everything in beehive if i'm like on you write it in beehive you don't even write it on a google

SPEAKER_402: doc no i just write the whole thing in beehive i've never used a google doc for it saved like because grammarly works on it yeah grammarly works on it it saves like in the drafts and then if like if i'm offline like on like if i'm on a flight or like somewhere like in the car and i don't have wi-fi

SPEAKER_499: then i'll either write in like an offline google doc or like a word doc but okay if i have an internet

SPEAKER_500: connection i just write in beehive so you're like a beehive of stan yeah you are you are easily breathing was that like the first place i guess that you started writing on because they're fairly

SPEAKER_406: new so i started on substack beehive didn't exist at that time um like june of last year and then

SPEAKER_402: started talking to liquidity he had been talking to tyler dink who's the ceo of beehive um about like i don't remember what platform exec some was on before this but i came on like right when we switched to beehive so i think this was the first newsletter on it so i started writing on it and then two months later it was like new year's and i just decided to move all my stuff there because it was just easier having everything in one spot like i could just cycle through like all the newsletters and blogs and stuff but yeah i've been on beehive since like day one oh my gosh that's kind of crazy um it's

SPEAKER_486: been really cool seeing it just grow honestly because i one of the first newsletters i uh subscribed to

SPEAKER_428: that was on beehive was liquidity yeah that might have actually been the first one i applied uh or i

SPEAKER_413: subscribe to actually now that i think about it but i didn't realize until i did some further like digging that it was ex-morning group people yeah and after that um i have a friend of the podcast actually who came on this weekend sir it's another ex-morning group person named josh kaplan from smooth media and they've run a few uh newsletters all on beehive as well and i'm like these people are taking over like it's super interesting as for i know this is probably going into your like productivity point thing but i'm always so interested like on how people break up the um

SPEAKER_428: the newsletters themselves like exec sum obviously has like you said um like it goes through and talks about different deals that happened and things like that when did that become like something that's solid for you or is this stuff when you put one out is it just one story no extra segments

SPEAKER_406: so so with exact sum it's like it's it's a formula we have what happened the markets earnings mergers and acquisitions venture capital we have an ad we have memes like it's it's uh it's a formula that

SPEAKER_402: we plug in every day based on the news with young money it's like just what everything i've been thinking about i'll write about it i have a backlog like i do use notion as well um i have a backlog of like 70 writing ideas on notion that are just like if i need something to plug in i go with that but there's usually like like all this ftx stuff happening and i have like 20 ideas off of that so whatever usually whatever idea is on the top of my head i'll just start writing about it and maybe like i finished the piece for tuesday on friday just because like all this stuff's happening last week and i just had some ideas that hit um like the one i'm putting out tuesday i'm relating uh the main dude from i am legend the book not the movie to sam bateman freed or fried or whatever yeah and which doesn't seem to make sense for an analogy but like it actually makes a lot of sense the way i wrote it but like i'll just have an idea and start writing about it and then it's done and sometimes i write that the day before or i'm up till like 5 a.m the night before and the other times i finish like a week early and just schedule it so yeah so totally just depends yeah it's i really think the thing was because i started really writing all this stuff at the same time that i was just kind of on a four month bender in europe like just on trains and living out of hostels and stuff i like started writing in a pretty chaotic environment so now i'm just used to writing stuff at really random times yeah

SPEAKER_437: i mean juggling business school must be kind of difficult is this something you do like first thing when you wake up in the morning you write or like where do you find the time in your desk um just

SPEAKER_450: whatever like yesterday i was at a coffee shop for like five hours just writing stuff probably not

SPEAKER_402: going to write that much today because i'm already done with my piece for tomorrow yeah sometime tomorrow it might be first thing in the morning or i might go to the gym and do it afterwards or like i might be sitting in accounting class like with a word duck pulled up pretending to be in class i i don't i have no like people talk about having set times to write i just like you just write i just

SPEAKER_524: incorporate it into my day okay that makes i can i can see that i feel like you also have a lot of stuff

SPEAKER_413: on your plate with writing so for me i feel like i have to wake up first thing like first thing i do

SPEAKER_437: is i go on a walk like i say it's like my screen free time or i go to the gym and like no no screens

SPEAKER_528: right and then i hit um like tech meme and like all all the newsletters and i sort out like which stories are like my favorite stories that are are good for the day because i think that's like when

SPEAKER_413: i'm my freshest like i don't know if i could write news for the show or um we have a daily newsletter that's speaking startups too i don't know if i can write that like super late at night like i think

SPEAKER_406: i'd have to be super fresh in the morning yeah i i wake up look at twitter for like 20 minutes doing scroll like whatever's the opposite of how you're supposed to go about doing stuff i know

SPEAKER_402: screen time in the morning i like i live a really unhealthy life when it comes to pretty much all of that i think um you're probably like really in tune though with what's happening yeah i know for sure i'm like i'm i am terminally online like my screen time on twitter is like two hours a day

SPEAKER_406: it's not not great but oh my it's probably up there that's just on my phone like that doesn't include

SPEAKER_413: it's bad okay so last question you're in business school like you said now which is so sick um columbia is an amazing amazing university where do you see yourself after college

SPEAKER_434: um what are you going to be pursuing probably writing a blog and writing a newsletter that's

SPEAKER_402: it's about it i think i'm the only guy in my business school that just plans of writing a blog but that leads to the question then why are you even in business school if you just want to write

SPEAKER_434: a blog which is a really good question that i've gotten like a hundred times now if i hadn't gotten

SPEAKER_402: into columbia back in 2019 when i thought the highest purpose in life was to create shareholder value and i wanted to go work in consulting i probably would have just done my old job or no like if none of the writing thing had happened that's what i would have done and then the writing thing did happen so but because i was already in columbia i was sitting there thinking okay does it still make sense to go considering that i'm already in and for me like there's still a lot of value in like the prestige and pedigree from it but also like it's the cliche the network of it but to people who aren't like online if you see somebody has an nba from columbia it still adds like a little badge to them but beyond that like it gave me we have 700 kids in my class wow and it gave me like a pretty good network of a lot of people around my age in their mid to late 20s they're probably going to be really successful and do a lot of interesting stuff but they're also very fun people to hang out with so i can either move to new york or i know three people most of my friends that like friends that i know up here are people that i met through twitter or whatever or kind of supercharged that network through business school and then have any opportunities that come off of that so still

SPEAKER_525: made sense or at least that's how i rationalized it in my head because i was already in but i've

SPEAKER_416: enjoyed it so far well i'm sure the blog after it's going to be even more interesting oh for sure yeah and then you're going to have all that time on your hands so you can make this thing like daily

SPEAKER_434: yeah yeah my media company yeah i don't want to write i just want to write a blog i can the whole i actually hate the business side of writing like really if i could just write stuff and money would just appear that'd be great and i guess you can do that if you have paid subscribers but then like less people can read your stuff yeah so it's really gated content is a big question so

SPEAKER_413: your ad you're of somebody that's like pro ads yeah okay yeah we had a producer justin who is a former producer on the show and used to um have some qualms with gated gated uh content he's like oh come on this is just information yeah um but yeah super excited to see where you're going like i said big fan of newsletter can't wait to keep seeing your travel blogs too that's gonna be really fun

SPEAKER_556: that's the fun one yeah very awesome thank you so much thank you awesome all right everybody thanks

SPEAKER_00: for tuning in we made it through the week sunday sunday sunday we will be doing another great bc sunday

SPEAKER_86: school and a climate startup can't wait to see you on sunday gonna be great see you then enjoy your saturday enjoy your one day off people take your one day off enjoy it rest though bye