SPEAKER_00: hey everybody we are back we missed you we're back from miami we've been saving up news

SPEAKER_02: all week and talk to you we're going to start out with the the topic everybody wants to talk about what the hell happened at the all-in summit it was nuts people want to know about palmer lucky they want to know about the parties so we're going to just recap all that molly we're going to go back and forth uh and uh it was it was quite amazing and uh we'll tease the this weekend

Jason Calacanis: startups live tour as well exactly coming to a town near you then we're going to talk about another we live in the future startup called argo ai autonomous driving is not so far in the future

SPEAKER_10: anymore it's coming and it's going to be awesome we're also going to dig into a report and see if

SPEAKER_05: this is uh accurate fake news real news what actually is going on here because there's a

SPEAKER_14: headline that amazon is looking to sublet 10 million square feet of warehouse space so is this indicative

SPEAKER_15: of some major problem in the economy or for amazon itself well let's do the math as we're prone to do here molly we'll do a little math and figure out what's going on i'm learning to love the math and

SPEAKER_17: things i never saw coming it is going to be a great show so stick with us stick with us this week in

SPEAKER_19: 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 this week in startups intercom if you're an early stage high growth startup you can get access to intercom's early stage academy today at a 95 discount join the program today at intercom.com early dash stage or email them at startups at intercom.io and open phone as a startup founder a lot of mistakes are easy to roll back but using your personal cell phone number as your company number isn't one of them open phone makes it easy to get business phone numbers for you and your team right on top of your existing devices visit open phone dot com slash twist to get

SPEAKER_14: 20 off your first six months hey everybody it's monday we're back from the all in summit molly first impressions of the summit any general feedback for me about or for the audience about what that

SPEAKER_17: was like the all in summit uh for those of you twist listeners who may not be familiar jason does another show on fridays with three fridays with three maniacs and all those maniacs got together and had a conference in miami and uh it may or may not have been a super spreader event as i'm seeing from at least one other noddy and um uh no it was it was actually a remarkable event it was tremendous like first of all our team is incredible and put on a phenomenal phenomenal event phenomenal yeah the

SPEAKER_34: i mean okay let's be specific besties yes go go down the list just take a moment to catalog in your

SPEAKER_36: mind um because there were obviously parties there were lunches yep there was the networking and then there was content on stage there was swag maybe we could just go back and forth of the of the highlights of those things yeah and just take people through what the experience was like because we

SPEAKER_34: started on sunday night with the party that was called good besties like a goodfellas kind of send

SPEAKER_38: up and you were there for that yeah no i flew in too late for that one you flew in too late for that

SPEAKER_33: okay yeah a couple people got too late but that was to me like um it was overwhelming like walking in there

SPEAKER_44: it was that was like when you guys realized that you were freaking rock stars it was like a rock star

SPEAKER_36: kind of moment yeah it was bizarre in that the people who are coming to this there was no promotion for this except at the end of episodes uh you know i tweeted a couple times but at the end of each

SPEAKER_05: podcast i said hey we're doing this all in summit google all in summit if you want to come

SPEAKER_50: and uh my lord people got dressed up and 700 people showed up and we spent a million dollars on three

SPEAKER_05: parties is my understanding it showed it really showed they were nuts so that party people dressed up as gangsters there was a frank sinatra like three-piece band singing you know classics hoboken's

SPEAKER_53: 11 that's the band oh yeah that's amazing they were great and um you know there was like

SPEAKER_14: a grappa and biscotti tasting area there was a gelato area there was a pasta station there was steak florentine i mean everything was just blown out to you're getting like more good fellas the more

SPEAKER_59: you describe it too like and then we had a poker tournament there was cigars and there was this guy

David Friedberg: there was a poker tournament everybody got to play in the poker tournament the top three winners got

SPEAKER_05: fifteen thousand five thousand five thousand and five thousand to donate to charity so i think that's 15 plus 15 so 30 000 went to charity of their choices um and it it was just crazy because you know when shabath walked in i walked in everybody started taking pictures with us i i swear to god

SPEAKER_34: molly i took i would just say give me your phone boom i take it from the same amount boom hundreds of

Jason Calacanis: them and then the content was amazing content was fantastic it really was i mean the i gotta say like like my my big i think that the the conference 100 accomplished the goal of the show which was

SPEAKER_17: we have to be able to hear we have to be able to have conversations on a wide variety of topics on which we may not agree and then still get along and there were of course multiple instances including one big one of people not getting along very well not getting along very well uh and and working through differences right rupture and repair was occurring in some cases in real time on stage um

SPEAKER_72: and so i guess we should just go right to that moment that goal was really yeah i mean come on

SPEAKER_17: like there were like a lot of headlines but the the the big one i think that ended up being in

SPEAKER_64: exactly the spirit of the show was palmer lucky um so what i had said was all right i i guess

SPEAKER_33: describing molly can you describe what he did so or do we not have that in the notes yeah palmer

SPEAKER_74: lucky who of course was the no i i remember you remember remember i got it okay palmer lucky of

SPEAKER_79: course uh inventor of oculus uh was fired smart person very very smart person was fired from facebook after it was revealed i'm just giving all of this like background very quickly as a setup it was revealed that he had been it seems like bankrolling some anonymous accounts on reddit that were like

Jason Calacanis: spreading conspiracy theories about hillary clinton that it was like the it was back in you know at

SPEAKER_81: we'll put the allegedly yes we'll put the allegedly in there he has since gone on to found a very

SPEAKER_17: successful company called anduril which does uh national defense drones and he gave an impassioned speech at all in about the importance of uh the tech industry working with our military right that we got to have the best technology in the world i agree with something you agree with you've invited him

SPEAKER_85: on the show a long time and then he's like on another note uh oh this is my new i always backstage i was like oh here it freaking comes here it comes begins to come for jason very personally for uh getting him

SPEAKER_17: fired trashing him calling him an idiot he was reading tweets it sort of started out like for a minute or so it felt like maybe like a roast and then it just kept going and it was very personal right like it was he was emotional he was talking about how he has all of this rage because jason and his co-hosts which by the way chamath asked me like did he mean you about the co-host thing thank you i was like i wasn't even there then man yeah but maybe i was on that i have no idea we can't seem to find it but it just it went on for a long time he talked about how he has a lot of personal rage about how jason and people like jason tore him down and do that to founders and that it's this really

Jason Calacanis: negative atmosphere and uh at which point by the way uh all of the security in the building including jason's brother are like do we need to take this guy out like it's like there's a lot of a lot of

SPEAKER_67: houses gonna end yes and and then this is the part where it becomes in the spirit of the show jason

SPEAKER_64: comes up on stage it is like importantly i think hey man i'm sorry well i i said the first thing i

SPEAKER_36: said was a little joke i was like hey great to meet you in person that too yeah yeah that got a little left but i mean here here's the background on what i said about him um and we're gonna we're gonna

SPEAKER_05: publish this as an all-in episode yeah so i mean i basically said if it's true and i remember saying this because i always i mean people who listen to the show know this you know smiley i say if this is

SPEAKER_36: true you know allegedly like i always put the caveats in there because i know a lot of news that breaks we don't know if it's true or not or you know the three different versions of the truth homers facebook's and the actual truth whatever right so i'm always pretty clear about that i to my memory and i'm trying to find the video that he quoted because i would like it to be super accurate

SPEAKER_05: um i said something like if you're going to post like these kind of memes and stuff like that

SPEAKER_14: if it's true like you should post it under your real name and if under your real name people find it offensive like your family your wife i don't know your spouse the people you work with it should be an indication that maybe you shouldn't be posting it and so to pay a bunch of shit posters or whatever nine thousand dollars if that's what happened we don't know what happened because facebook when they fired him didn't give any details or obviously you know not going to put the details out there they i said it's gross right and so he took it very personally but then he made this kind of weird his he made a a weird um uh theory that i ruined his career right and very personal

SPEAKER_36: that zuckerberg fired him because of me and that i destroyed his career and he had to claw back which i mean let's be honest i'm not that powerful i'm just a podcast host i there's i'm not making decisions

SPEAKER_15: for zucker all right whoa whoa whoa let's just you're not just a podcast host okay but there's

SPEAKER_17: some power but are you getting people fired from facebook on by dint of your news round table probably

SPEAKER_14: not no definitely not i mean and i am but one of a thousand members of the press but the point is i

SPEAKER_05: think it was framed in that moment as you know pro-trump versus anti-trump and and that's why i want to pull the tape so i can play it for people and just you know get a refresher on my memory if i'm being totally honest because this was years ago yeah um you know that i just thought it was gross so um and you know he did say jace he did say jason and people like jason but it was kind of personal but people in the audience were kind of taken back because you got to remember these were the people who really are my super fans so he came into the lions then of my super fans you know

SPEAKER_14: people i had given discount tickets to who have been watching the pod for many years and so they

SPEAKER_36: were in shock and so i just had you know people somebody's crisis pr person happened to be backstage like the pr person they start giving me advice and i was like i don't really don't need any advice about this i'll i'll take all commerce head on no no problem for me so i get out there and and we have a discussion i said listen if i hurt your feelings or i said something that was rude or you know hurt your family or something like that i apologize straight up i think the work you're doing is important but i took the approach of i'm going to ask him three times why he was fired from facebook yeah and i said hey why were you fired from facebook and then he went on his you know tirade about me i said hey but why were you from facebook and then finally a third time i said i'll

SPEAKER_34: ask you for a third final time why were you and he said i can't say whatever so that was it you know i

SPEAKER_05: basically um uh made it super honest and clear to him you know why uh i said those things uh and i also told him listen i think the work you're doing is very important so while we disagree about trump or we disagree about hillary and how to handle those things uh and in silicon valley this is my observation in silicon valley it's probably 80 or 90 percent of people um really were offended by trump and maybe 10 or 20 percent were like republicans or on the right and then if you look at military and support of the military it might be 80 percent in or 70 or 80 percent silicon valley don't want to support the military and make weapons and maybe 20 or 30 percent do i'm taking a guess here you tell

SPEAKER_34: me if i'm directionally correct so on one thing we're in the 80 and he you know i'm in the 80 he's in the 20 but in the other we're both in that 20 percent where i support the work he does so i said listen whatever our political differences are i think the more important thing here is i want to talk to you about the weapon systems you're making to protect taiwan ukraine the united states from you know an increasingly dangerous world with dictators and i tried to just make it part of that you know and

SPEAKER_36: steer the conversation towards that so yeah um on all in we are going to play it and i'm going to play

SPEAKER_34: the actual tape of what i said after him and i'm going to break down my thoughts on it with either myself or maybe with the besties themselves because i do think it was to your point molly

SPEAKER_25: a representative of what we're trying to do there is have hard conversations yeah because you owned it

SPEAKER_64: and you guys hugged it out and that was the weird part that was real the hug was a lot hey everybody

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Chamath Palihapitiya: 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 help inform your product and go to marketing strategies and open up new audiences for you you can go to linkedin.com

SPEAKER_118: slash this week in startups and get the report for free as well as a hundy a hundred dollars from tom

Jason Calacanis: i will say not to reopen the wound that i do please don't do it okay do it go ahead do it

SPEAKER_79: that like i think it's fair to be like hey man you control a lot of weapons now are you okay

SPEAKER_128: that's a good illustration you're good bro i'm sorry you're making me laugh molly like i listen i

SPEAKER_133: don't think he's gonna fly drones over three minutes of that it was i don't it's not even about your

SPEAKER_134: houses or you i just i'm like it do you you don't wonder one did wonder if he's okay because he was very emotional during this um but i was okay with it i i love i love conflict i i just whenever you really do by the way you really do i i embrace conflict you know why um number one i grew up a

SPEAKER_141: fighter and so when a fight starts kind of doesn't change my blood pressure in a bad way i kind of get into it it's a very i mean maybe it's dark but i kind of like a good fight um and hopefully not

David Friedberg: physical but i like a good debate um and i like a little conflict because you know what it means there's something important there yeah it means there's something at stake and by the way i don't

SPEAKER_11: mean he's coming for you i just sort of mean like much in the in the way that like if you're peter

Jason Calacanis: thiel whose motives i have a lot of questions about and then you control a company that does a really really really really powerful thing and you sell that to that thing to the government like it's it's sort of in the same vein as me like what are there larger motivations about what you are trying to

SPEAKER_79: accomplish that i should have questions about so anyway i'm not gonna like i don't need to i don't

SPEAKER_148: need to anyway start it all over again it was it would be the co-host after all that he does mean

SPEAKER_53: it was just an incredible moment and then there was a debate at the event between um uh um antonio

SPEAKER_05: uh martinez and uh antonio garcia martinez uh and also uh glenn greenwald and they've debated ukraine

SPEAKER_79: what did you think of that molly i that was definitely a little bit of a two-on-one situation

Jason Calacanis: it was a good conversation but it was a lot of filibustering by glenn greenwald sacks was involved in that uh sacks was involved in that i mean also about a great debate conversations i actually thought the conversation with glenn greenwald and like i thought antonio garcia martinez was so he did a great job eloquently he was he's very eloquent as always he was very funny as always it was it's good to hear these like really very profoundly different he won i mean basically

SPEAKER_05: he won right i i kind of felt like if you asked the audience to vote it would have been 70 he won yeah 100 he's quick-witted he's quick-witted and he's funny you know i kind of i feel like

SPEAKER_17: yeah and also yeah not to give too much away because again you're going to hear these like

Jason Calacanis: you're going to hear this and i do want to explain to the audience who like the noties are like why can't you put them out sooner it's because we got these files these were recorded in like 4k right so the the processing of all these files literally takes time um but yes among things that were said during that debate were antonio garcia martinez responding to glenn greenwald with wow i think your argument sounded better in the original russian oh it was a sick dunk sick dunk amazing and uh yeah

SPEAKER_05: so it was content was great and then you made it to the two parties uh you went big on the miami vice

SPEAKER_34: party i have to say i bought a crimper just you bought a crimper man when people see these pictures it's going to be great uh you really went bit we had a miami vice 80s party that was amazing great dj

SPEAKER_141: shout out to my guy mick if you ever need a great dj and you got some cash laying around he's he's not cheap but my god uh he got the party started so i look out of the corner of my eye and i see dj spielberg who wrote the theme song uh for all in the famous theme song i'm going all in is on the dance floor and because we had a great ratio i mean this is another thing to bring up molly was that not the best ratio for tech conference ever uh just in terms of the diversity there i mean honestly yes

SPEAKER_17: like yeah like and kudos to you for working really really hard on that specific thing

SPEAKER_79: like there were a lot of women there were people of color exactly i was afraid all in summit would be a

SPEAKER_17: boys club instead i found women who are as brilliant as they are kind and men who are as inclusive as

Jason Calacanis: they are accomplished there really was also i mean all of the women speakers that you had were so prepared somebody tweeted you know i thought a fair maybe not as fair to nate silver but you know was like

SPEAKER_17: the women who spoke at all in summit were like prepared they had all the data they had slides they were like mic drop mic drop mic drop you know yeah and a number of the men got to just like show up and shoot the shit which was i think you know but i liked that that i liked that that was

SPEAKER_06: the perception because the women really crushed it i here's here's the challenge uh and i'm i'm always

SPEAKER_141: you know i keep it 100 molly you know that you know the the all-in pod uh as you and i have discussed

SPEAKER_36: you know sometimes people might perceive it as a boys club because it's four boys uh talking it happens to be four guys who became friends and not no different than the view right the view is all women so there is this you know thing in media where you might have a collection of women or a collection of men as a show format so there is inherently that problem with both shows right i'm sure people have made this criticism of the view where there's a couple of you copycats right i don't know the names of them and so

SPEAKER_34: people just assumed it's going to be old boys club and obviously it's tech and finance which are also you know still uh majority uh male dominated especially in in higher positions so what i did was i i looked at the first 200 people who bought the full flight tickets you know which were not cheap 7 500 bucks and my jaw dropped i i mean i was like 90 maybe it was the first 50 came in it was 91 now and i just said for f sake i don't want to go to this conference i don't want to be a bunch of dudes it was like just not fun right um and so i just with the scholarships we said we're going to do a scholarship program um or i i should say merit-based pricing a scholarship i'm concerned about using that because it's kind of like oh women and people of color can only come if they're on scholarship and that's not the vibe it was more like there are people who are up and coming in their careers who maybe can't afford 7 500 i know i couldn't in the early parts of my career

SPEAKER_188: um and in fact they used to sneak into these conferences when there were four or five thousand

SPEAKER_99: dollars and there were lots of those attempts as well but and we did have that too

SPEAKER_33: i'm like please don't do what i did for my whole career yeah

SPEAKER_34: but um you know so it was hard to get speakers uh who were women uh and female and so i made a strategic decision i was like okay i'm gonna find some people who are founders of companies and so

SPEAKER_36: tandis and adina are founders of companies who are doing extraordinary work in the world and if i

SPEAKER_05: can't get you know there's like maybe four women who have billion dollar venture funds we talked about this i think just two weeks ago yeah uh we had that real talk actually it was for sunday's edition

SPEAKER_193: i think of vc sunday school we had i think it was actually yeah or the sun last sunday a week ago sunday in in the changing face of of vc and you know all four of those women couldn't make it two

SPEAKER_109: of the four said they would love to come two of them maybe not so much and uh it just was a timing

SPEAKER_141: thing right and so i was like okay i'm not gonna not have women on stage that would be horrific so i'm gonna have to you know call an audible here and i found women who are building amazing businesses uh but you know uh i invited mary meeker i invited katie hahn i invited kathy wood and you

SPEAKER_05: know some some of those folks couldn't make it and they would have been perfect fireside chats like brad gerstner or bill gurley are right so i wanted to have people with billion dollar funds come

SPEAKER_141: the the women with the billion dollar funds couldn't make it this time where some of them

SPEAKER_53: ghosted me if i'm being honest and didn't respond uh and so you know didn't tandis and adina and claire do an amazing job i mean they were incredible they were incredible and i will say i think in

SPEAKER_17: typical gemini fashion i was telling uh our new president savino i'm like yeah there's like two fully formed people in here one is a glass ball of emotion and the other one is spock and they are constantly you know so it's useful in terms of balance but i understand both of those perspectives the spock perspective is like what is ultimately the all-in goal right like you should we should just have these conversations and we can disagree and that will that will maybe mean being on stage with someone who you profoundly disagree with but we should be like we should all be you know brave enough and intellectually honest enough to have these conversations that is a hundred percent a valid viewpoint unless you're the person who experiences real harm right as a result of some of these conversations and so i think like both of those perspectives i would say and i don't think the entire all in audience would say this are equally valid like if you're the person who's like look

SPEAKER_201: at the end of the day nobody on the all-in podcast is going to experience one of these harms they're just

SPEAKER_174: not chamath he gets pulled over you know like he could he could experience stuff right but the other

SPEAKER_17: three no chamath is the closest but he's probably not getting pulled over in his maybach not when or whatever that person is right like he's still a i mean chamath we kept talking about this like his whole demeanor i mean he's a prince right he is like royalty right and he's rolling like royalties right so he is going to be insulated from some of those if not all of those real harm impacts yeah and so it's not so it's not as easy as just being like i'm intellectually dishonest so i don't want to be on this stage it's like look you're having an intellectual conversation about something that can cause people real harm and so i don't have to be on that stage if i don't want to and i sort of feel like i like struggled throughout with both of those things being equally strong but me personally i was like these conversations are really interesting they're compelling you besties by the way are charming as right like the interaction is so delightful you all it takes so much trust right

SPEAKER_201: to do what you do and to have the conversations that you have that i really enjoyed it you might

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SPEAKER_14: when you do an event the content on stage is one piece of the puzzle the audience is the other piece right and then there's the setting right so you look at those three pieces the setting was epic you know setting equals party and the venue etc the content what's on stage and then the audience because they are an equal participant in this three-legged stool and um we wound up i think being 36 female by the end of the day and it was amazing i went to uh the women who are coming had their own brunch and they

SPEAKER_36: invited me to it so sunday morning i went to brunch with them and had some waffles which was awesome and

SPEAKER_220: was fantastic and yeah all of them were like incredible women doing incredible business in the world

SPEAKER_15: so with 36 women all of a sudden i look over at the dance floor there's dj spielberg he's dancing with

SPEAKER_36: 20 women on the dance floor you go to a tech conference there's no dancing there's no fun there's no joy people don't get dressed up and so you had like it was actually like a real party like going to a like the best wedding you ever went to it was like three nights of the best wedding you ever went to or the best birthday party where couples came and like it was like a normal thing not just a dude fest

SPEAKER_15: and so then i get on the dance floor i go to go to the dance floor who's on the dance floor with spielberg friedberg the hugest nerd in the world is cutting a rug that guy lived it up oh my god he

SPEAKER_226: lived it up living his best life uh just yeah having a blast like he i saw no sign of nerd

SPEAKER_17: with friedberg no sign of nerd no and he was super emotionally intelligent in the palmer lucky conversation and yeah he he uh he he he came out of his shell a bit he he pressed the flesh he went

SPEAKER_05: out there and took selfies with people he met people i gave everybody a little bit of coaching i said said listen i know this is going to be intense for you let me give you a tip you can only talk to one person at a time so look one person in the eye and just tilt your head and say hey what do you do where are you from and the uh yeah you'll have literally 25 people surround you i mean you probably saw these pods of like chamath friedberg and sacks oh it was intense it was intense and um you know we then would look up and you just talk to one person at a time and then the next person you talk to and you talk to as many people as you can if you get overwhelmed you can just go backstage or to the vip room and just take a break uh for 10 minutes and so the second party was the white part havana white party which we did in a beautiful space beautiful havana band dj spielberg tore it up

SPEAKER_02: amazing food beautiful setting amazing food uh and and you and i were at that party and we got mob because there was a lot of mollywood fans at that party and we started taking a lot you took dozens

SPEAKER_05: of selfies it was so nice it was so cute and sacred space was the name of that place rachel pointed out

SPEAKER_53: god it's so cool like go there if you're there yeah yeah sacred space is beautiful open space with

SPEAKER_05: just gorgeous setting it's i guess they use it for weddings and whatnot we had nice vip area and um

SPEAKER_141: it was pretty great this one woman came up to molly and i and she said before you know she was a fan of molly's uh i guess at marketplace and before and other stuff and she said you know molly i i didn't

SPEAKER_05: think finance and business was something as a woman i would you know she was a very young person maybe

SPEAKER_112: she's in her 20 she said 20 oh yeah yeah and she said that you inspired me to be involved in venture capital to be involved in tech and to be involved in finance it was a very like touching moment and

SPEAKER_239: i think you know it's a kind of the work we do here is you know we talk about this stuff and molly is like a bit of an inspiration for for women getting in the industry so i thought that was

SPEAKER_241: quite really cool it was just a really great it was a great time also the cars bravo on the cars

Jason Calacanis: i'm just gonna say the miami vice car the miami vice party had my actual lottery car the mercedes what car was that it's the mercedes 280 sl now is from the 60s so a minor continuity error but i'm

SPEAKER_79: gonna give it to you because that car is like legitimately i'm like lottery car 280 sl that's

SPEAKER_14: the one i was like stop everything picture time put a car in front of each party so people can take

SPEAKER_05: pictures in front of a car but have the car match the party so they had like you know in havana i guess there was because of the boycotts they couldn't have like a really nice car there but for the we

SPEAKER_141: put this mercedes in front of the miami vice party it should have been more like a testarossa or a

SPEAKER_05: lamborghini kundak or something like that but anyway there it is but there it is gorgeous and uh then we had a uh did they have a car like a gangster car outside the uh miami i had had a like no the

Jason Calacanis: miami one yes and the havana one but i don't know if they had a car i was sad too i was really sad that flight was so late because i had some great palazzo pants and pearls for that party

SPEAKER_67: what a disappointment stupid airlines by the way no one could get out of miami

SPEAKER_05: like in case you're wondering what's flying is like right now it's not easy disaster it's good and listen uh some people got covid it happens everybody got covid there's like three notice there's just a

SPEAKER_64: ton of people who haven't had covid yet and uh you know i think no it's because it's surging nationwide

Jason Calacanis: right now like you were unfortunately unfortunately we may have had a summit in the middle of a massive

SPEAKER_05: surge that might have happened here's the thing i just hope i think what the government has decided at this point if you look at the i unpacked everything if you look at what the government is saying because i got a bunch of those alerts on my phone hey you've been exposed to covid and

SPEAKER_141: i was like i know i'm in miami like it went off three times while i was in miami i was like if in miami you've been exposed because in miami i didn't see one mass the whole time i was there

SPEAKER_05: i think the way they've designed the rules it's like if you don't have symptoms go on with your life and it's like really okay they they have designed this now i think with the intention of everybody's going to get exposed do not try to stop people from getting exposed just try to keep the health system up and running and not overwhelmed i think that's my best estimate of what the cdc and the governments have chosen to do at this point because look this this version omicron is weaker and more you can catch it and and sweden decided like what a

SPEAKER_34: year earlier than us that they would go through the eye of the storm and just reopen and they're still

SPEAKER_17: around so i i think i mean the 1918 pandemic was literally uh it lasted for years like we forget

Jason Calacanis: that we think there was like a wave or two it lasted for years and this will too it is a new virus in the world it exists and at the end of it and like i i don't i don't know what else we can do all i know is that everybody needed to be together because then we followed it up with you know a team and all staff like team days of team meetings that were magical it was yeah that was pretty great yeah

SPEAKER_267: i i really felt like we made some good progress there and how we operate what we do as a business

SPEAKER_141: as investors so i would shout out to mike savino and charlie uh shout out to amber did a great job rachel did a great job content team did a great job uh just everybody across the board's registration it was good and i want to do more events so we're going to do a this week in startups live tour

SPEAKER_05: we're trying to figure out what that will be but you'll hear more about that molly and i basically interviewing somebody famous maybe in five different cities and then doing something that startups really need which is um they need funding they need employees and team members and they need customers so i'm thinking about those three things the most acute needs for a startup and so if we can have i don't know 500 founder startups show up for a live event how can we help them with those three needs getting funding getting uh team members getting customers and so we'll figure out some

SPEAKER_34: way to feature the startups at the startups event and and do something for the community and then also to just kind of meet each other and have a slice of pizza or whatever can't wait i thought that was pretty great too when they can't at the end of the uh miami vice party they just started walking around with like the best pizza in miami and just giving people a slice of pizza because when you

SPEAKER_05: when you're three hours into a party if a slice of pizza shows up that's pretty great huh you're eating it you're stoked you're like that's what i need i need a slice of pizza yeah listen lots of

SPEAKER_121: founders are loosey-goosey with their personal phone numbers you know about this problem people start putting their personal mobile phone in documents proposals and it makes things super messy if you're running your own company you need to be professional and open phone helps you create a business phone number and it's really easy how easy is open phone you install it out and you're done you pick your number you're done and you can create a shared phone number how great is that you know how you have like an email for customer support you do vip at now you can have that for a phone number where multiple employees can feel calls and texts including those texts super important because that's how a lot of business happens a lot of these young folks they don't want to talk on the phone they want to text well open phone can help you with that as well and it's affordable already it's just 10 bucks a month i mean it's so affordable it's ridiculous i think they should triple their prices i think i would pay 30 bucks a month for this but they charge 10. twist listeners can get an extra 20 off that for any plan for your first six months that's even ridiculously generous i mean that puts it down to eight dollars a month you're kidding me you need to do it for yourself as an executive or a salesperson openphone.com twist and if you have an existing phone number with another service that's overcharging you or that doesn't have this

SPEAKER_278: incredible feature set they'll put it over for you if you're thinking about phone numbers i just want you to think openphone.com twist that easy folks all right so there's other news happening uh that's the

SPEAKER_112: little recap here uh but let's uh let's tee up what we you know my favorite part of the show which is

SPEAKER_281: the w-l-i-t-f which we might make into an actual show in the real world uh now that i've uh produced two of the top seven tech podcasts i'm going to go for a third at some point so this is going to be

SPEAKER_34: a show that molly and i are going to do on netflix or hbo at some point i think yes and the show is

SPEAKER_36: going to be called we live in the future field trips i have all of the ip for this locked up

SPEAKER_47: w-l-i-t-f don't even try this is so exciting i have the domain name too w-l-i-t-f.com we live in

Jason Calacanis: the future okay so there's a segment called future tech on uh always on way back in the day and it's the best when you get to go and try it be the person who tries out the like mind-controlled skateboard

SPEAKER_292: yes that's what we're talking about you want to we're talking about the really far far out there

SPEAKER_05: stuff so there's a startup uh in today's segment argo ai and it's launched a driverless av testing in

SPEAKER_141: miami and austin argo ai is a pittsburgh-based autonomous vehicle company it's backed by ford

SPEAKER_05: and volkswagen yep uh and uh this move to miami and austin differentiates it from the competitors

SPEAKER_34: who are operating mainly in san francisco which i found fascinating that san francisco which

SPEAKER_02: is kind of opposed to everything and we we kind of put that one thing yeah they kind of put the kibosh on everything here uh except fentanyl big fans of that in terms of living in the future and

SPEAKER_296: getting pedestrians killed sorry getting pedestrian oh sorry it got dark um it's a really it got really

SPEAKER_300: weird in san francisco this is molly i'm sorry i got a little i got a little cold slash covid like

SPEAKER_05: i'm like i don't know whatever it's uh it's so uh we cruise obviously uh waymo and zooks are all operating here but argo ai uh was acquired by ford for a billion dollars and volkswagen invested a

SPEAKER_36: couple billion dollars in it uh it was last valued at 7.25 but uh here's a demo video yeah uh they released for the ounce uh for the announcement and we'll just play the video and

SPEAKER_305: talk over it here for a moment just your standard car driving itself yep i mean this is a big deal

SPEAKER_17: they have gone fully driverless in these cities no like person sitting behind the wheel to take over

Jason Calacanis: just in case no safety driver no safety driver you see people sit in the back like we're gonna die haha nope they're going great a lot of ford branding there they're happy to come on anytime yeah one of my old buddies from ford now does their uh does all their comms um yeah i mean it's a it's a big deal apparent and apparently and this is kind of what is fascinating is that they are trying to instead of focusing on high speed on highways and sort of like big commuter corridors which is more actually the tesla approach they're like we're going for high density we're going for cities we want to be able to be a robo taxi fleet in town yeah it you know the the number of miles driven uh

SPEAKER_05: is what will determine you know this working and so we seem to be moving into a new phase um we we had these like proof of concepts and you know really good on the highway moments and now they seem to be creating small corridors they're saying hey let's just perfect you know this you know three by three mile area so maybe we'll avoid certain high super high density areas but we're just going to perfect

SPEAKER_36: a small area so my instinct is telling me that what these companies are now doing is they're saying okay if we can perfect this area and do a lot of manual intervention so they're literally writing code like this particular block is troublesome because it's a narrow block and if somebody double parks there's just not enough room to go around it like they're doing that level of manual intervention

SPEAKER_05: to make sure this stuff is safe and i i think that's pretty wise because once you get the most difficult places dialed in then what do you do you just you open up to another three by now instead of it being three by three miles now it's five by five now it's ten by ten so that's what i think that's what i suspect is happening here the regulator said can you not kill anybody can you not run into a baby a stroller you know a car a dog in a three by three area will keep you contained and then go a little wider a little wider and i think this is going to be um i think i think this is the the tipping point that we're actually experiencing yeah and that things are going to start cascading faster and faster uh because it's not one person now it's four people getting this done simultaneously at least and my my position while it was always i think there's going to be five six people who get there at the same time and it becomes a commodity and it's in every car and sure there'll be different winners but you know i think uber lyft are going to have access because ford doesn't want to run a ride sharing i think tesla does want to run their own ride sharing i think a lot of these companies want to just sell it to consumers and other folks so you're just i think these things will be in the

SPEAKER_312: uber lyft fleets and the doordash fleets imminently imminently like as in the next two or three years uh

Jason Calacanis: yeah argo is going to be operating cars and lyft's fleet and the other thing i think the other one thing to note about argo and these companies all starting to get here at the same time is that they're also going to operate in uh detroit pittsburgh homburg i bring those up specifically because those are cities in which it snows like so far we've seen a lot of these companies operate in cities where it's increasing levels of difficulty in terms of the right like boss level is in a city or in san francisco or in austin but these cars have been fooled by right there's so much development was in california that then they got them into the snow and they were like oh crap they can't see so they're like really pushing forward into harder and harder and harder driving modes and that's what legitimately gets us closer after all these years of being like it's five years away

SPEAKER_05: it's you know i i think the snow areas having um used autopilot in snow or like very gently attempted it i think this is going to be the really hard weather is going to be the super hard uh that's like the super boss what do they call the end boss like there's like a mega boss some yeah some the final boss is going to be really hard mega boss i think it's the final boss like that's the final boss level is like you're in boston and there's black ice because you know what totally humans can't defeat that so if these cars have snow tires on it and they're like you know what we shouldn't be driving i think that's when you're gonna kind of figure out the end of this is when these cars just pull over to the side of the road and they're like nobody should be driving in these conditions that's that that's the um the final boss and you know that feels like five years from now six seven years from now i feel like going and delivering you know uh some groceries that's gonna be sick like you're gonna be like your groceries are at outside and you go outside and like you have your phone with you and it's like j just open the back open the trunk just opens you know you press open trunk and you see five bags with your name on it and five bags with molly's name on it so here's five bags for jason's five bags for molly don't take the molly bags take the jason bags take your bags out your bags are there it goes to the next thing so imagine food delivery grocery delivery

SPEAKER_34: with half the cost i think this brings it down to about half the cost without the driver and uh yeah

Jason Calacanis: so and over time this is like a huge climate story like we don't you know we've almost forgotten what a big deal it is to be able to optimize traffic with autonomous driving that's farther out the idea that there would be every every car on the road is autonomous but i could imagine a time when it's like you have zones right the bay bridge i'm sorry uh humans you're too stupid for this like it has to you have to be in autonomous mode or in an autonomous pod or vehicle to go over the bay bridge because that traffic is just like a huge emissions bomb yeah and traffic gigatons gigaton

SPEAKER_141: level saving yeah well because you're not sitting there idling and idling is you know just horrific if people can if your if your trip is takes half as long it's half as much emissions like i guess

SPEAKER_17: right or even just slowing and then accelerating and slowing and then accelerating it's just like yeah

SPEAKER_25: anyway it's super cool yeah congratulations and congrats argo yeah uh okay now this is interesting

SPEAKER_141: this next story i saw this and this didn't make sense to me um but this is uh yeah tee this one

SPEAKER_05: up because this one's confounding we gotta unpack this one i know we're gonna need a lot more details

Jason Calacanis: but here's what we know so far according to anonymous sources who spoke to bloomberg amazon is looking to sublet at least 10 million square feet of warehouse space and could vacate even more by ending leases as shopping volume cools now we know of course that amazon has sucked up tons like they've like taken over malls and built all these warehouses or taken over all these empty warehouses and now they're like uh i guess there's going to be less retail and so they want to dump 10 million square feet of space and potentially employees like there are a lot of questions no no hold on a second one thing at a time

SPEAKER_14: what i'm trying to figure out is amazon is so good at predicting things how did they right get this wrong because i don't think that commerce has collapsed i'm ordering more than ever i i get that the pandemic's over there might have been a spike there but somebody at amazon i i guess based on this if this is true because again this is anonymous sources i believe that they have 10 million uh square feet of excess that they want to sublet that's a lot of extra space so did they who made that mistake that they did that much extra space did they miscalculate that or um are they

SPEAKER_05: getting more efficient with their space in other words they're just like you know what we can go higher in a space we can use more robots in a space something went wrong here that they overestimated

Jason Calacanis: this amount of space or did it go wrong is it just like the natural expansion and contraction so we'd had the pandemic there was extra money people were at home and they couldn't go on trips so they spent a lot of money on stuff and so amazon might have been like yeah we expanded to meet that demand and now we're contracting because there's a recession coming and people are going to be traveling more and they're going to be doing different things i mean if it's true it's a an indicator of i think like it's like oh okay the recession is happening um but it's hard to it's hard to know if it was really a miss i mean they couldn't not expand to meet all that customer demand so yeah the question here is

SPEAKER_05: uh and you know what's interesting is i know people who are looking for i have a couple of companies we invested in that were looking for warehouse space and they said like a lot of the spaces they were looking at that amazon very quickly over the last couple years would just take them so they were just taking everything on the market now they have so much money they're such a powerful business that maybe they kind of took it just in case knowing they could sublet it so think about this next level

SPEAKER_112: there has been a real shortage of these spaces so in july 2021 supply chain drive which is a somebody

SPEAKER_05: who covers the space apparently reported los angeles and central new jersey had industrial vacancy rates of 1.7 and 1.8 percent uh in q2 and that's way below the industrial the national uh rate for this industrial type space not place this this can't be used as office space when it's industrial space it's not designed for offices it's just designed to store stuff right yeah um and the national vacancy rate was 4.5 both of all those numbers are very low um so i think they didn't want to get cut out maybe

SPEAKER_14: so they were like you know what let's just take it since we have the money we'll take the leases and if we wind up with a little extra right we can always sublet it to the people who have the demand anyway and maybe they make a profit on it so this may not be as bad as it seems and you know the the

SPEAKER_05: overall percentage of what this is so according to this article amazon leased 370 million square feet of industrial space in the us at the end of 2021 i mean this is a large amount of space but if they're getting ridding 10 million is that like two or three percent so 2.5 three percent it's actually a very small percentage of theirs it's a large number 10 million as a literal number but as a

SPEAKER_17: percentage of their space it's a rounding error for them well but here's what i want to know as a

Jason Calacanis: result of that right so let's say they close three percent of their warehouse space if you like go to duck duck go and type in amazon warehouse jobs and then go to news right yeah it's like amazon to deliver jobs tax revenue traffic to route 9a corridor in the hawthorne new jersey uh tri-city's warehouse will employ this many people like are they also getting are they also laying people off because when those warehouses came in and i just i thought it was a little weird that the bloomberg story didn't mention that at all like if they're not going to be using these warehouses for amazon warehouses are they then presumably and this was a big argument right amazon would come in and they're like we're gonna take over this space it's gonna be a warehouse it's gonna be a lot of jobs i'm just i'm like wait are there jobs associated with this space and it's totally unclear i can't i have no answer to this right now but i would assume so yeah i i think they're going to constantly

SPEAKER_14: be in this back and forth between automation and their growth so my guess would be they go steady

SPEAKER_05: state which is to say you know whatever number of employees they have now if they keep growing the amount being delivered i bet you they're going to offset it with um the gains in robotics right so they kind of have this thing where if you ever watch people packing stuff the robots have picked it off a shelf put it onto into a bucket and then the person kind of just inspects and puts it in the box tapes it up and they make sure that the right things are in the box um but i actually know the space because um it's typically been a dollar per month for this kind of space i know because i wanted to buy one of these buildings recently per square foot per square foot per month so i just asked our producers to pull that number and i said it's a dollar a month um for this stuff and so 9.50 per year is what it costs so you divide that by 12 is less than 75 cents uh per month so in fact if it was a dollar and they had 10 million extra 10 million dollars it's 100 million a year so it's this is basically not going to cost amazon all that much to have this extra space and to sublet it so this might be like the the variable that might have been left out of this story is what this actually costs them they have 36 billion in cash an extra 100 million a year in extra space probably worth it to have it so

SPEAKER_53: this might be a big nothing um it's just they like to have a little extra capacity and they're

Jason Calacanis: subletting it right now i guess so yeah yeah uh so maybe it's a nothing burger definitely uh it definitely suggests at a minimum that they don't need the extra capacity anymore because yeah e-commerce consumption is going down which is not actually that surprising given every single

SPEAKER_228: other trend happening in the economy right now the number we really would need to look at is

SPEAKER_05: you know the the covet bump what was it in 2019 right cover was 2020 2021 so if you get 2019's number in 2022 the second half of 2022's number and we just compare second half of 2019 to second half q3 and q4 2019 to q4 23 and 24 that's going to be the real interesting uh comparison for e-commerce companies because it's right before covet started and it's like you know give it a six months mulligan with covet i want i don't want to say ending because i know people get upset when people are people are so emotional about covet i you know i think it feels like the emotion is coming out of covet now as it's an endemic so i won't say covet ended but covet moved to the endemic version of covet which is hey we're going to deal with it and then i think a lot of people are going to have i think we're going to move into a space of resentment that's my prediction like later this year of people are going to say okay it was clear we should have shut down for that first year but did we need to shut down for the second year or the second half of the year and my kids lost some education moments whatever and what i think about all this is hey once in a hundred year pandemic you're not going to get it perfect

SPEAKER_110: you know like you can't possibly perfectly know yeah when to reopen and you're not going to get it

Jason Calacanis: perfect although we are now like just tearing ourselves up for something even worse by like not even funding vaccine distribution even in the us let alone the rest of the world like we're still screwing some stuff up because i saw somebody the other day post about having their insurance denied over their long covered my mom has long covered like yeah it's people are going to remain i'm only going to caution you that people are going to remain emotional because for the people it's hit really hard whether it

SPEAKER_358: was a death or long covered which yes you have a different feeling about this yes my mom lost her best

SPEAKER_05: friend to covet and you know she feels differently about it right if you have an immunocompromised it's a really good point if you have an immunocompromised person in your life um you still feel like why is everybody taking this risk because it's your mom or your dad you know i feel that way too i you know my my dad i uh is a cancer survivor my mom's a cancer survivor they're older i do think about it and you know you can it's hard to hold both of these things if you lost a parent to it if you're you know if you have long covet you're going to still have this very strong

SPEAKER_141: emotion about covet and then for everybody else who maybe didn't have that you're like why did i give up my vacation why did i give up my why did my kids suffer and back to having tough conversations

SPEAKER_05: like it's a situation it's a situation it's really situation we all had to go through and

David Friedberg: let's not attack each other about it let's just keep moving forward yeah like wouldn't it be nice if we

Jason Calacanis: could have like a government what that was just like here's the thing this is now a virus that lives with us it's endemic for most it's not for others we the government because it's our job to do this are doing our very best to make sure that the people who could be the worst affected by this are

SPEAKER_25: taken care of because that's the only way to move we gotta move forward we can't keep society close

SPEAKER_141: forever and you know it's like when um yeah i find it analogous to like how we treated the first

SPEAKER_05: responders after 9 11 or how we treated people coming back from iraq war afghanistan war like if we can't just treat those folks excellent like to the best of our ability like what's wrong with our

SPEAKER_112: society you know when when john stewart had to like use his celebrity to go to washington to be like to shame these god you know absolute horrific people who were you know just oh my god the first responders

SPEAKER_14: they're you know out on the west side highway standing ovation for risking your life of which my brother is one yes who you know has lung issues after being on that pit trying to look for bodies and put that fire out at 9 11 and you know like the committee doesn't even show up yeah you know and they could they could give two like and it's like we're talking about thousands of people and we can't just give them all the resources possible like we're talking about asthma we're talking about one

SPEAKER_36: just give them every resource we can if somebody comes back from the iraq war or afghanistan with ptsd because they saw their their brothers and sisters in arms blown up by an improvised explosive device like just give them everything give them we have the resources give them everything they need

SPEAKER_26: yeah stop with them yeah it's the same thing with long covet just have enough resources they're real people that didn't do anything to end up like this we have the money just do it spend the money you

SPEAKER_281: could just leave out please but no cursing on this we can start so just bleep it out please because we want to keep our rating top beans but it is really annoying just to put one more in it

SPEAKER_53: like it's so annoying that you know we couldn't do this agreed