SPEAKER_00: all right welcome back everybody it's wednesday and uh we got a good show for today at the end of the show i'm going to talk about a video clip that made me cry last night and we'll see if it makes molly cry today i don't know if it's going to or not but i have my tissue box here ready to go but i think i might if you've ever met me you do not want to take the under on this

SPEAKER_02: bet however we'll see we'll see there's news too yeah we're going to talk about the drama

SPEAKER_03: going on at slack get a little deeper into what may have happened with the slack salesforce culture integration and dive a little deeper into whether bundles are the king of a downturn or just unfair

SPEAKER_04: business practice and we've been talking about uh the malfeasance and fraud in crypto for a decade here

SPEAKER_00: on the show and we speculated hey the speeding tickets that we saw kim kardash and floyd mayweather get and some you know light action would eventually result in the perp walks in people actually doing

SPEAKER_06: prison time today we're going to talk about the brother of a coinbase manager getting 10 months in the big house for insider trading front running the market and i think this is my theory this is the minnow then they get the tuna and then they get the big sharks and the whales this is part of the process of flipping up to get uh the bigger uh fraudsters in crypto and sam bankman freed being uh maybe perhaps

SPEAKER_03: the ultimate whale so yeah and then on big news ai watch we live in the future as ai starts to potentially become people's lawyers in the courtroom and then we'll talk more generally about what that could mean for overhauling the legal profession and people's access to justice because my god are

SPEAKER_11: things moving fast in the ai world i mean if you ask chat gpt to defend you in court would that be

SPEAKER_13: better or worse in the next five years than having the average public defender or not being right

SPEAKER_03: exactly or being denied access to that at all yeah it's anyway it's going to be and then of course we wrap with that wholesome weeper of a moment oh well we'll see we'll see it's going to be a great show

SPEAKER_20: stick with us this week in startups is brought to you by age tech collaborative startups your go-to market team is waiting age tech collaborative's cutting edge accelerator program connects you with investors test beds like-minded innovators and industry expertise they're taking age tech to the next level join them at age tech collaborative dot org slash twist and nutrisense combines cutting edge technology and human expertise so you can see how your body responds to different food exercise stress and sleep in real time by pairing a cgm with their app and expert dietitian guidance nutrisense can help you reach your health goals use code twist and get 30 off at nutrisense dot io

SPEAKER_18: slash twist all right everybody we you know i'm going to become that person this year i've decided

SPEAKER_03: to double down on being that person i have been saying that something is going on at salesforce and with every passing week more stuff keeps happening at salesforce in this case there's some drama at slack oh that probably stems from under performance okay but more and more uh information is coming out about some various dysfunctions at salesforce and its acquisition slack of course salesforce bought slack for almost 28 billion dollars about two years ago and now slack is underperforming okay prob you know there could be various reasons it is likely not helped let's say exacerbated dramatically by the fact that microsoft started bundling what is effectively slack's core offering for free into office so that's microsoft teams teams exactly microsoft comes along like oh we have teams we'll just make that free and all of a sudden everybody's like well i'm not paying extra for slack because our whole organization's already on microsoft and now we have that um and then of course just a few weeks ago slack founder and ceo steward butterfield announced that he would be stepping down and leaving salesforce which was almost certainly due to the fact that he had vested that his options had fully vested because it was exactly two years after slack first agreed to be acquired however sometimes you get rich and you keep your job that you love and he definitely did not and he uh is being replaced by a long time salesforce executive lydianne jones not by someone that he handpicked uh of course salesforce co-teeo brett taylor stepped down a couple dozen salesforce executives have left over the past year then last week slack held an all hands meeting which included stewart and his new replacement lydianne jones the meeting was focused on the clashing cultures between slack and salesforce yes and stewart butterfield responded to a question about that by admitting that he quote wasn't very successful integrating the two cultures he said the problem has been there's no incorporation of the slack culture into the salesforce culture and unless there is some element of that

SPEAKER_27: then it's not integration in any sense it's just the elimination okay this is a common

SPEAKER_06: issue in the m a world we saw this acutely at microsoft and google before and the best practice in silicon valley is if you buy something with a strong culture you leave it be let it have a separate

SPEAKER_04: building let it have a separate p and l and if there are things that uh you can take off their plate

SPEAKER_29: like say infrastructure in youtube's case or the ad network in the youtube case google youtube but

SPEAKER_06: most people would consider that the greatest acquisition of all time why would people consider youtube being acquired by google as the greatest acquisition of all time well they bought it for 1.6 billion it's worth 250 to 500 billion if it was a standalone business it does tens of billions of dollars in revenue and it has grown massively and when it was purchased it was on debt store they had the giant sword over their head they were about to be decapitated by a lawsuit and and also by their server bills google saw both those problems and uh yeah greatest acquisition ever also up there instagram right

SPEAKER_37: instagram continued to grow maybe a little heavy-handed at the margins uh with you know forcing stories into there but they did stories better than even um than snapchat had done snapchat did so what's happening here

SPEAKER_06: is i think a weak corporate culture at slack and and you know like or maybe because stewart's not there

SPEAKER_29: there's nobody to protect the select team there's nobody to defend them there's nobody to say no we don't

SPEAKER_27: do it that way here anymore and then butterfield seems to be saying to be clear that he had not been

SPEAKER_29: doing that for the last two years so yeah so yeah i mean it this is the problem when founders check out

SPEAKER_06: it's up to the acquiring company to then make these decisions uh oh also zappos rest in peace tony shea amazon did a great job of letting zappos just run right and not trying to force amazon culture on zappos culture which zappos culture was quite unique um especially when compared to amazon's culture quite

Jason Calacanis: unique i think it's interesting you know that slack seems to have gotten the worst of both worlds

SPEAKER_03: here which is that salesforce didn't defend against the microsoft move by folding slack into salesforce products right because here you have this situation and there was an interesting anecdotal story from the wall street journal article today they interviewed the chief information officer at carhartt which by the way is like huge right now with the kids again love to see it um the cio said that slack did not make salesforce any more useful to carhartt because carhartt was already using microsoft and then teams came along and slack did nothing and this is a company that had bulk it seems to me that salesforce did two things wrong here one they didn't see the competition coming and maybe they didn't pour the resources into slack to improve its offering so that they wouldn't be so easily killed off by microsoft yeah and they didn't just absorb it and integrate it into salesforce to make salesforce that much more of a powerful product for customers who already use salesforce so they they have like so slack literally got the worst of both acquisition stories it was left vulnerable to competition and it was not integrated by the parent company in a way that would make its core product stronger yeah

SPEAKER_06: uh there's a uh quote i think it was culture each strategy for breakfast um and you didn't have the best strategy in the world hey here's how we're going to compete with microsoft etc but if you don't

SPEAKER_13: have the right culture at the company to execute on that uh you could have problems and here there's

SPEAKER_06: a culture problem and a strategy problem you put the two together what do you get uh you get declining quarterly growth they're growing at like six and a half seven percent now they were growing at 10 you get that that could all be explained by the microsoft headwind right it could just be anybody who's got the office suite just says hey we have this um we don't need to put slack in we don't need to have a separate system and then the other strategy okay we incorporate this into salesforce i'm i'm a slack user i don't want to log into salesforce to go to slack i like slack as it's like beautiful little independent thing for me you know um i like the best of breed software just like i like notion as my best of breed document management and coda i like um zoom you know as my best of breed not everybody wants a suite of products some people like you know best of breed and and that's one of the

SPEAKER_69: philosophical things that's going on in corporate america right now and uh you need to really be best of

SPEAKER_06: breed and so maybe slack i using the slack product i have to say i love huddles i think that product's

SPEAKER_13: gotten really good yeah um they're supposedly going to have some down to it but i mean this is where i

SPEAKER_03: think this is where i think this was a miss right salesforce may have but we don't know but this this is the kind of thing that happens when you are acquired and you're not core they may have been starved of the resources that they needed to build in those things like documents and like you know i mean huddles came kind of late to the game so they were prevented so again they were prevented from becoming best in breed and now it that's happening at a time when like best in breed is great but if all anybody can afford is bundles like think about it if you could only pay for zoom or slack yeah right like one of those could get killed because huddles now have video but zoom you could just do audio which is kind of like a huddle like if zoom had chat like if one of these either slack or zoom could pretty easily kill the other with a new feature set i feel like slack's closer to killing

SPEAKER_11: zoom so will salesforce let them right because zoom can be more nimble in theory zoom added channels i

SPEAKER_13: went into it like twice i added a couple people and i was like this is poorly designed yeah the design is ugly and it's not intuitive and slack has gorgeous ux and design and so um i feel like slack if i had to pick one i'd pick slack with huddles then uh zoom with channels right and then now imagine

SPEAKER_81: that your company pays for microsoft yeah you're not gonna have zoom or slack no of course saturation

SPEAKER_03: baby like bundles in a downturn bundles get hot again best of breed does not matter hey everybody

SPEAKER_89: it's time for a special interview with an old friend of mine rick robinson he is the gm of age tech collaborative which is brought to you by our friends at aarp which i think correct me if i'm not at 52 as of last week am i able to be in aarp now you are you are welcome to join oh man you and i got old what happened this is amazing you guys are really excited uh about engaging the startup

SPEAKER_94: community in building technology for folks who are getting up there in age yeah it's really exciting for

SPEAKER_96: us developing the age tech collaborative to try to put a focus on what we call age tech and you might be wondering like what is age tech well it's uh it's the intersection of longevity and technology really these are health tech companies these are fintech companies these are wellness companies essentially it's going to be almost every company because the market 50 plus is becoming so enormous that they can't be ignored and then you've got a lot of people who are supporting that market who can be any age it's kind of a white space because not a lot of product developers and marketers and startups and investors have put a lot of focus on this but it's huge and it's growing in fact it's around eight and a half trillion dollars in terms of economic value in the u.s right now all right

SPEAKER_94: thanks rick when you're selling into the 50 plus market having relationship with aarp gives you a

SPEAKER_06: bunch of credibility of course in the meantime you can go learn more about the age tech collaborative at age tech collaborative dot org twist and join us later in the program you hear more about the age tech collaborative and how they help innovative startups succeed i think this is where startups are

SPEAKER_101: unique in the world startups are really looking for cutting edge technology they're small teams under a

SPEAKER_06: thousand people under 500 people and you're like if i can use my saas software if coda or notion or zoom or slack give me or air table whatever it is gives me that 10 20 advantage over a competitor who's using a microsoft bundle maybe they say you know well the cio the cto of the company at carhartt or whoever made this top-down decision but you know the scrappy companies might want that little added functionality that you can only do in some of those products and they want the product velocity so that's really what makes a nice competitive landscape here's david sachs explaining and he's a free market you know uh monster like the rest of us he has concerns about the bundling and he thinks hey

SPEAKER_65: maybe this is a place lena khan uh could spend some time here's uh 65 seconds from molly's bestie sex

David Sacks: i do think that microsoft is a little bit uh unique uh in its ability to bundle so what so tamath is right about the power of the bundling uh what they do is i think it's called the e5 bundle they have all these products that virtually all enterprises use from office to you know active directory to you know there's like a whole long list of them and so what they've done is they've created one price for all of those products they sell as a bundle under a wall-to-wall enterprise license and what they do is when they see a new competitor come along whether it's slack or zoom or uh or okta is they'll basically just clone it create a worse version of that product and throw it into the bundle and so now every single enterprise is getting the slack clone or the zoom clone or whatever for free and that has a huge material impact on you know it pulls the rug out from under those startups so now that's not to say that microsoft product is anywhere near as good as those those competitors but you know now all of a sudden the the microsoft product is on a marginal

SPEAKER_03: basis free yeah there it is i mean he explained it perfectly i always knew that sax and i were destined to become best friends yeah because here's a piece i wrote in november 2021 for the atlantic oh okay uh-huh that we have ready i believe to pull up here yeah there we go oh let's go up to the top how has microsoft escaped the scrutiny of reinvigorated antitrust regulators there it is and the piece goes on to note that microsoft is still doing the thing that it got taken down for by the justice department in the 90s and if you do a find here for bundling you'll find it yeah because that is what they're oh look it is they were sued for illegally bundling and they still are and i believe i mentioned slack in this piece as quite specifically an example of how microsoft is still doing all of the things all of the things that they've been doing all along but i'm wondering

SPEAKER_37: it was a big part of it also was their oem relationship so as original equipment manufacturers

SPEAKER_13: they kind of put a gun to their head and said if you take windows you got to put this on the desktop this being uh internet explorer right exactly so i think that they were barred from doing that

SPEAKER_06: but bundling no and then you think about it from a consumer basis if something becomes a standard there should be competition so it's a very delicate concept here the the thing that people really hated back in the bill gates days was the concept of vaporware not only you know would they copy something bill gates would tell the sales team tell everybody we have a lotus notes competitor coming out in six weeks or six months or whatever it was allegedly um but i don't think it was legit because i experienced it the microsoft folks would be like hey yeah we got a lotus one two three competitor you probably don't want to install lotus and then this concept this meme right this is where language

SPEAKER_118: is so important nobody ever got fired for picking ibm nobody ever got fired for picking microsoft so in

SPEAKER_06: the it business which i was part of in the 90s these two things uh became you know uh best practices nobody got fired for picking microsoft so and they still don't they still don't i mean i don't think

SPEAKER_03: microsoft is i i don't think microsoft is doing anything wrong here necessarily right like it may be somewhat anti-competitive but not illegally monopolistic those are those are two distinct yeah things and i think what i think is so interesting about the salesforce slack story is that i think salesforce screwed it up specifically i think this is a salesforce issue one got it they bought slack for a lot of money for 28 billion dollars based i think on kind of a bubble perception right like slack is awesome because a lot of startups use it and it's hot in silicon valley like notion like this and that forgetting that out in the rest of the and and they left slack vulnerable to competition so they forgot that out in the rest of the world nobody is getting fired for using microsoft and didn't necessarily invest in making slack the kind of thing that could get huge at the enterprise level and then two or b like i said earlier failed to integrate it into their core product to shore up salesforce itself and make salesforce that much more indispensable here's the thing i blame benny off

SPEAKER_00: uh hot take there it is uh you know they paid if you look at the current run rate 400 million a quarter

SPEAKER_06: for slack uh i think they paid like 17 times what they're currently making right 28 billion divided by

SPEAKER_128: 1.6 billion i think you get to like almost 20 it's like 17 and a half or so so it's not the worst purchase

SPEAKER_06: in the world if it keeps growing uh they can grow into it it won't be a terrible acquisition so i wouldn't say like they caught the knife this thing is collapsing it's still growing it's still an important piece of software but this should be like alarm bells are going off at salesforce that their culture is inefficient or doesn't they don't have an innovative enough culture here because in a competitive vertical like this when you have people bundling you got to up your game and this is where like founders or you know very rarely uh a non-founder can operate a founder's vision better

SPEAKER_13: than the founder yeah two examples come to mind susan what jackie and solar with youtube i think they even took chad hurley's vision and even took it to another level because they had globalized google already and chad had it right it's no dick to chad he had this incredible vision but because susan and

SPEAKER_06: solar had been part of google going to 100 countries they knew the potential there they had the playbook as it were yep and then the you know the other one is obviously tim cook being able to take all the innovations that were backed up from steve jobs including the iphone and the ipad just two extraordinary innovations and milk them right for every penny they can make and just keep logistics the hell out of it i mean he he did supply chain the heck out of it and he did look at that supply chain and say hey well what if we had our own chips right and so there were some strategic decisions that i think tim cook was really able to do that maybe you know who knows if steve jobs would have i mean steve jobs did hire him and did empower him but maybe apple's performance right now is even better on a financial basis because tim cook is still cutthroat about that and i just want to

SPEAKER_29: say i had a premonition apple is doing so amazing i think their stocks at like a 52 week low or something crazy like that can we put up the apple chart for a second here and i've been watching the stock market

SPEAKER_07: uh you know bounce along the bottom right since i did my j trading i'm still down a bit on j trading you pull up the j trading page if you want to but you start looking at that one year chart for apple my lord um you know and then you look at the five year um you know they've been flat with revenues going

SPEAKER_73: crazy and so this company man uh is trading out a very reasonable p here uh 21 and um i get the sense

SPEAKER_135: that they're going to knock the ball out of the park with the headset

SPEAKER_65: i think the problem with headsets is use case and fit and finish you know how they feel yeah oh my god

SPEAKER_29: those two things we've talked about this ad nauseum and so i haven't j traded in months because i've been

SPEAKER_06: watching the world come apart i thought hey this would be a good time to take a pause and see where this ends up i kind of feel like again i thought it was a double dip recession here we are in the double dip feels like things are starting to turn over i feel like it's going to be a rough you know two

SPEAKER_101: or three more quarters of chop maybe four even sticking with my same prediction six six to eight quarters of slog and a double dip recession i may have to j traded to apple oh no no apparently you're

SPEAKER_144: doing it from that but my j trading is not that bad uh if you go to j trading i think i'm off

SPEAKER_06: like compared to the sea if i had bought an index just to be intellectually honest here i'd be down two point three nine and my current portfolio is down nine point seven percent now i'm investing in tech i believe tech's at a bottom and so i'm trailing the market by seven points i'm okay with it um and of course the things that i'm up on are the things that i bought last so you know i think it's a an issue of timing but uh the meta netflix adobe shopify trades have been great my amazon trades

SPEAKER_44: uh were a little rough also you saw the stitch fix news this week right big news at stitch fix cats coming back is she coming back permanently or is it a temporary thing and they made it sound like

SPEAKER_81: it's a temporary thing which i think is a little odd but i can tell you from my sources on the inside

SPEAKER_03: or very recently on the inside that people are stoked like i mean she's so dynamic like she just is one of those people that you want to believe in and people are pretty thrilled in case you missed this news by the way uh current stitch fix ceo elizabeth spalding is leaving after a year and a half on the job um it was a that was a turn a failed i mean she was trying to execute a turnaround in a really

SPEAKER_150: tough time didn't work out katrina lake is coming back in her authority being termed an interim role

SPEAKER_06: right now so i'm just saying that trade could turn around that trade could turn around pretty quick uh i feel like disney and uh amazon are going to be great companies going forward disney's made a little rebound too so i'm still bullish on all these trades i was looking at the trades and i was like who would i sell in this group who do i think stitch fix disney amazon warner brothers taiwan semiconductor shopify disney robin hood uber apple adobe netflix facebook which one of these don't i

SPEAKER_00: want to own and i was like i don't still love all these names and we'll be going into earning season so it'd be good to look at when i made these trades and what's changed since you know that point in time

SPEAKER_89: yeah hey everybody it's time for a special interview with an old friend of mine rick robinson he is the gm of age tech collaborative which is brought to you by our friends at aarp

SPEAKER_06: so how does the collaborative work how do you help companies and investors kind of access these

SPEAKER_96: companies and these markets so essentially what we do is we look for companies we incubate them we invest in them and then we bring them into this new environment we call the age tech collaborative community so yes we have pitch competitions that we run throughout the year themed and some of them are open mic style and it's a way for us to source and find great early stage companies usually pre series a we invite some of them into our accelerator program which is extremely high touch eight weeks four times a year where we bring in aging experts we help get them best prepared to deliver their product or service to the market and as i mentioned we often invest in these companies and then they graduate into the age tech collaborative community which is an online platform that makes up an ecosystem that we're developing that includes of course the startups investors test bed organizations enterprises and business services all in this one online environment where they can support and draw from

SPEAKER_06: one another great so there's an online community people can go visit they can go visit that at age tech collaborative.org slash twist age tech collaborative.org slash twist and so if you want to build in that market if you want to sell into that market if you want to invest in that market this is a great way for you to partner with aarp correct absolutely yep i do think efficiency in companies is becoming a major issue i saw in one of my group chats you know john carmack was leaving um meta we saw that in december and he kind of lit some things on fire on the way out but then boz uh who's the cto he had some choice words about how inefficient things are at meta now meta has

SPEAKER_07: been turning it around um in terms of layoffs and maybe cutting spending but i think it's worth looking at

SPEAKER_13: this as a in relation to the salesforce story which is corporate bloat and the lack of nimbleness

SPEAKER_169: that you expect at ibm or microsoft you know very large companies very huge international companies

SPEAKER_13: it's kind of getting embedded into what were previously nimble companies the googles the salesforce and the facebook's now feel like they're having bloat too many people involved in decision so maybe you

SPEAKER_03: could talk a little bit about that molly yeah 100 i mean i years ago i was like i want to write a book called scale about how scale actually ruins everything right like you just i mean growth unchecked growth is cancer yeah and it kills you and you have these companies that have had just such growth and you have a decline we've talked about this a whole bunch a decline in managing as a skill set yeah and and like a respect for what managing even means and then no training and you know and even now it's so interesting like that's the class that everybody's like oh you just got to get rid of managing and it's like okay well you can do that if you're only ever going to be 30 people or maybe 20. but at some point actually you really do have to care about managing because then if you don't then what happens is you get andrew bosworth writing about your 18 000 person division he's talking about reality labs and saying every week i see he said we've solved too many problems by adding headcount this is according to an internal memo obtained by the verge um but adding headcount also adds overhead and overhead makes everything slower every week i see documents with a hundred plus editors he wrote to the roughly 18 000 people in reality labs a meeting with 50 plus people that took a month to schedule sometimes there is even a pre-meeting with its own document i believe the current situation is untenable he wrote and that's why carmack apparently left too it was just like we can't get anything done

SPEAKER_175: and he said things have been really positive that a players can get very frustrated with bloat

SPEAKER_00: yeah and when i was at aol you know coming in as an entrepreneur an a player uh by estimation to a

SPEAKER_06: company that was filled with uh i'm not going to say not a players i'll just say lifers you know they had been at aol for over 10 years yeah they had gotten very comfortable they had very inc the pay

SPEAKER_00: packages the scale of going from a director to a vice president to a senior vice president it was juicy and i could see somebody you know with a family and kids and uh you know maybe didn't want to take risk or you know wasn't as risk inclined at that point in their life you know somebody who's 40 years old with three kids in private school you're like huh yeah and a mortgage you're like oh if i get to that next rung and it kicks in this it kicks in that it was pretty great you know they were maxing out pension and that pensions maxing out 401ks all that stuff and i remember one time i came into jim bankoff's office who now runs vox um and he you know it's like one of my first days and i just dropped

SPEAKER_101: by his office to say hi i happen to be in the building and uh he's you know this little portico window kind of situation i just kind of waved it i mean he waved me he waves me and i come in

SPEAKER_06: he's on mute and he starts talking to me and i'm like i'm sorry i didn't mean to interrupt your call he's that guy it's a standing call i'm like what do you mean it's a standing call you know like we just have this call every week i can talk to you so he's talking to me while he's on a conference call

SPEAKER_118: and uh he's multitasking just put turns the volume down and uh i realized that that's what

SPEAKER_13: everybody was doing they were filling their calendars so time boxing but with meetings and

SPEAKER_06: we just saw shopify last week so we said hey no more meetings right so i have a theory about management

SPEAKER_00: i don't think there's like one management style that necessarily works i think management is a process and that the process of exploring different management techniques and even changing them is and having them be variable and dynamic leads to increased performance in other words i don't think you lock into one management philosophy and then that's the winner i think you can try different management styles you can try different things it makes it exciting for a players to try different

SPEAKER_101: things so as but one example uh amazon has the leader right i forgot what they call it in the book working backwards but there's like there has to be a person in charge right of every project some people like pods where you have like three or four projects going on and a group of five or six people will manage one project now what is the benefit of each the benefit of one person in charge is

SPEAKER_06: obvious like single person responsible no matter what happens you can fire blame that person reward that person and they got the heat on them right the single threaded leader you know you know bezos knows

SPEAKER_101: hey if i'm gonna go choose somebody out because you know the kindle feature you know that i used last

SPEAKER_06: night sucks he can go find that person directory just go or conversely if somebody crushes it at audible he can go find that person and give him a raise or say give him more resource hey do more of that okay

SPEAKER_59: that's single threaded leader then it turns out when you have a pod we have integration so then the

SPEAKER_193: other big complaint inside companies molly is hey slack and salesforce aren't integrated and you know they don't talk to each other it's two different cultures or youtube is distinct or instagram doesn't work with facebook right so how do you manage those kind of uh issues i literally just did

SPEAKER_13: this this morning for the first time here at launch we have programs founder university the launch accelerator we have remote demo day angel university uh and then we have a new project uh we're doing that we're talking about yeah but it's a new accelerator and a really exciting vertical uh that we're launching uh that'll be like a fun experiment so it's five of them and i had one person in charge of every single one and then i said you don't be interesting these things are overlapping so much i'm gonna have jack you run a call every morning a stand up for the programs team and then let's see if we can integrate them more and we had the first call today was like oh you know what just one little discovery um customer interviews and customer research is something that our founders keep asking about customers customer research that's when you talk to your customer you do some analysis of what their needs are and it turns out like some of our companies do that really well and some of our companies whether they're in the founder university accelerator or even their 10 million dollar companies don't have that function at all so i was like can we find out in our portfolio of 350 companies or 300 historically 350 maybe 200 or so active who's great at this get those four people together create an afternoon where the four of them talk invite all of the founder university all the accelerator all the portfolio companies to that then can we make a couple of blog posts and founder university podcast out of it and then every single program we should have that integrated and we just did the same thing with accounting because so many people are not good at accounting and we see that kill companies and so we said okay let's have accounting uh for founder university planning for accelerator and let's do some accounting in the founder university pockets so it's just another way of

SPEAKER_00: saying management is about changing it up in my mind keeping it fresh thinking about how we could all be better sometimes time boxing is a good thing sometimes outcome management is a good thing right just

SPEAKER_06: what's the outcome we're looking for but also like sometimes it's good to everybody look at their calendar and say hey how are you spending your time right now that doesn't mean you want to do that forever do i want to look at everybody's time boxing forever and their calendar forever no but i might want to do it for a couple of months or two quarters and get everybody really charged up

SPEAKER_00: about efficiency and then maybe that goes down and then maybe we talk about outputs right so anyway it's just a philosophy i'm playing with which is variable and changing up management strategies on

SPEAKER_202: some cadence right to keep it fresh and exciting and engaging yeah yeah but what i think yes not even but

SPEAKER_03: yes yeah definitely and i think companies need managers like i think management layers carefully sprinkled like as these companies grow yeah right this is a problem of scale without management or maybe too much management like they might have over hired in the manager roles yeah but that doesn't mean now now they're going to over correct and so then it's just going to be like if you oh you've got everybody who's equal and it's like oh okay cool no one's in charge everyone's shoved in the doorway all at the same time and no one's directing traffic like literally someone's job at a company over a certain size let's say you get to 100 people you'd have traffic directors and you need to respect that freaking job and those people don't want to self-promote and they don't want to be out here being the power law star of everything but they're the only people who make it run

SPEAKER_128: yeah and and this is the chat and i mean that actually kind of speaks to my very

SPEAKER_07: my variability i'm going to call it 100 changing it up so just a little change

SPEAKER_03: they have to have the bandwidth to be aware that now we need to change like oh we've been doing calendar for three months which means people are probably stuck doing old jobs it is my job to make sure that we come in and we like shake it up and make sure we look at outcomes like yeah and that

SPEAKER_65: was like really another part of my i always like talking about my day like on my i had two pod call i had two of these like stand-up meetings this morning sales and then uh the the programs team

SPEAKER_06: and with the programs team i was also like let me talk about the output we're looking for here because i'm on the calls with lps raising watch for four they get most excited when we find a

SPEAKER_71: company early that's 100x return in fact i think that's how people select what venture funds are in

SPEAKER_101: they're like what did you find really early that you owned a meaningful percentage of and that you were able to liquidate to investors it's pretty straightforward so i said you know when i'm in

SPEAKER_00: my meetings when i when we talk about these five companies i see lps light up oh wow that's so

SPEAKER_06: exciting you know com.com they were on the podcast then you invested oh and you syndicated it oh oh this company you found them and then you joined the board and you made these six investments in them oh and you sold some in secondary and i said that's actually what these programs are here for for us to identify a company that can be 50 to 100 x our original investment so

SPEAKER_101: let's incorporate that into our lens and so it's like i think really good for a manager but then

SPEAKER_70: if this if this meeting went for three hours and i had the whole company on it which is what we used to do right we did we were doing a whole company meeting every one totally and then i was like wait a

SPEAKER_06: second this is i i could just see it looking at the zoom of 22 people i'm like these eight people are doing email and these 14 people are listening because this has nothing to do with their job

SPEAKER_70: anyway speaking of doing your job look at you evolving it's all about because your company is

SPEAKER_03: growing like i think people don't realize that like you are literally having to evolve in a management way because your company has gone from you in this case this company like it's not that you haven't

SPEAKER_225: been managing this whole time plus 10 me plus 20 yeah exactly yeah and now it's like oh now it's a program

SPEAKER_03: team right like it's yeah it's not just one there's not just the accelerator when covet hit i was struggling

SPEAKER_227: with my weight so i tried a continuous glucose monitor cgm you've probably heard of them and this product is called nutrisense and it helped me understand why i was gaining weight it helped me get my weight under control because i understood when my glucose was spiking i uh sometimes stress eat

SPEAKER_89: cereal with whole milk would spike my glucose like you wouldn't believe and then i'd have a small portion of full fat ice cream like a haagen-dazs and i was like wait a second i am having my glucose spike much lower i would have thought the opposite i would have thought that the haagen-dazs was worse than a bowl of cereal if you don't have the data you can't manage it with the data you can manage it and you will be able to learn how your body responds to these different foods here's how it works the cgm that continuous glucose monitor it's a small device you put on your body and it tracks glucose in real time the application it's painless then you scan your cgm right you look at it it you visualize the data you start logging your meals you take pictures etc and you're going to get expert guidance from a dietitian based on your goals and that's how i learned about the sugar versus ice cream example i gave understand this data will make it much easier to identify what you're doing well and where there's room for improvement let nutrisense help you reach your full health potential it was a big part of my journey visit nutrisense.io slash twist and use the code twist to save thirty dollars and get one month of free dietitian support n-u-t-r-i-s-e-n-s-e dot i-o slash twist for thirty dollars off and one month of free dietitian

SPEAKER_13: support speaking of doing your job here we talked about coinbase cutting twenty percent yesterday during our job oh yeah but remember i said perp walks would happen and people are going to go to

SPEAKER_06: jail because we saw the speeding tickets typically how enforcement works is you get investigations you get document requests you get speeding tickets settlements but then at some point some people go to

SPEAKER_13: jail in the crypto world we are now on that precipice of people doing jail time it took six seven years of mushugana and malfeasance and outright crimes but the brother of a former coinbase uh product manager

SPEAKER_232: has been sentenced to 10 months in prison this is prison molly this is where you go and they don't let you leave because you broke the law this is not a speeding ticket this is some crypto bro who was front-running listings on coinbase is now going to stare up at the ceiling in his prison cell and cry for his mama for a week and say what life choices did i make that i tried to make a couple of shackles off of a ethereum trade or a xrp trade and now i'm in the i'm in the big house as a crypto trader

SPEAKER_233: yeah wondering if i should close my eyes and go to sleep yo man this is real talk i've been watching

SPEAKER_234: screlly videos martin screlly's talking about his prison time oh really well you know like screlly

SPEAKER_144: and i had a little flare up at one point that he went to jail yeah and i watched it he does like a live stream so i watched one of his screlly's live stream streams and now screlly's go to martin shrelly's go to link bait is talking about prison and talking about how he was running prison with

SPEAKER_101: his thugs and his crew and he's got like all the names of his crew and he was explaining like how he

SPEAKER_00: would punk you know sam bankman free when he came to jail and how he would take his commissary and you know they would dress him down and yada yada so anyway i just can't wait for someone to come out of

SPEAKER_03: the same jail and be like no i beat him i put him in the locker every single day anyway anyway u.s prosecutors are calling this the first insider trading case involving cryptocurrency i think we'd probably edit that and say that has been prosecuted mikhil wahee uh used anonymous ethereum wallets to take advantage of tips from his brother who was the former coinbase product manager letting him buy those cryptocurrencies before coinbase announced that they were going to be listed with that he made almost 900 000 trading 40 different crypto tokens following these tips from his brother he was arrested in july he and his brother i think and pleaded the brother is pleading not guilty the former product manager a friend of theirs was also charged you remember it was like these three guys um but was not in custody and appears to be at large still why he pleaded guilty back in december to account of conspiracy to commit wire fraud and had to forfeit 892 500 and was given two years probation along with the prison sentence he's also subject to deportation in india after he serves his sentence prosecutors had asked for him to get as much as 16 months in prison and according to bloomberg the defense lawyer called her client who was 26 a quote incredibly decent young man who did the wrong thing for a

SPEAKER_180: misguided reason here's a crazy thing i've been at many i was involved in many discussions at events

SPEAKER_248: you know when i would be at an event and crypto people were talking about xrp is going to be listed

SPEAKER_03: on i know i'm kind of mad about this like honestly yes i'm having a little bit of like bleeding heart about this kid are you yeah because i think everybody was doing this and i think the idea that he you know like i just think like everybody was pretending these weren't securities like this is the exact same kind of thing as the 2008 financial fraud or whatever like these poor kids these two guys are going to go down and get deported and 900 000 you know they say they were sending it back to their parents in india that's a lot of money in india like i'm just like they're gonna go down and like sbs gonna walk and i'm over it i'm just over the system you also thought there are not just gonna walk too by the way you were you thought that they might get that i did think that i might be i hope i'm dead wrong about sbf i really do but i also think that there are like so many institutional investors who were doing all this same crap like i just feel like the first person you see go down

SPEAKER_44: like this is always just like that's the tiny that's a minnow that's the tiniest little minnow that ever minnow i mean what if a venture firm

SPEAKER_101: was what if there was a venture capital firm what if that was all in on crypto

SPEAKER_169: and they were also hearing what was going to be listed on coinbase or they were buying tokens and

SPEAKER_232: doing pre-sales and setting stuff up in panama like i think i said this before that i think we're going to see a bunch of dominoes drop just like on january 6th you know they they i listened to prehara that that's my guy and i listened to stay tuned repreet and then cafe insider it's 100 bucks a year for cafe inside go to cafe.com it's really great to listen to because he explains how the southern district of new york where he worked pursued cases you start at the bottom flip flip flip flip flip flip settle settle settle settle settle evidence evidence evidence evidence and then all of a sudden you're like oh and there's the whale this is the minnow you are correct molly this is the minnow then they take the minnow they put it on the hook they throw it back out now they get a nice tuna then they take the tuna they slice it up they put it back out there start flap around and then the shark grabs it and then they

SPEAKER_13: got the shark on the hook these are the minnows next come the the mid-tier you know the 10 20 50 million dollar and then comes the billion dollar whale and the billion dollar where sam bankman freed i mean

SPEAKER_03: that kid is going to be skewered i hope so but even he is like his own yeah we'll see we'll see we don't have a good track record of white collar accountability in this country i don't know did you read that read that jesse eisinger is that his name the chicken ish club no i don't know what that is oh it's fascinating oh my god you got to read it it's basically about how american prosecutors have just stopped pursuing white collar accountability because it's like too difficult and politically fraught and and then it's just become this lay and so what happens is most the time we go for minnows or even like i i would argue that sam bankman freed is a tuna but that there are unnamed whales behind him who probably won't ever you know have even a sweater you know this um

SPEAKER_06: whistleblower stuff uh that the i believe at the sec uh does this whistleblower uh and i

SPEAKER_44: have tracked this because i follow like why the justice department fails to prosecute executives interesting this is such a good book i'm going to send it to you i will get i'll just send me the

SPEAKER_11: link or you can buy it on the internet yes totally yeah um there have been so many of these awards

SPEAKER_06: uh to the sec uh if you go to sec.gov whistleblower it's fascinating because they don't tell you

SPEAKER_232: who the whistleblower was but they are if you whistleblower you get a percentage of whatever is recouped so there is an absurd if you want to be a millionaire this is a message to journalists if you're a journalist and you want to get paid to measure it with the fraud you uncover don't be a

SPEAKER_237: journalist go work as a receptionist as an accountant as you know a mid-tier manager at

SPEAKER_232: some criminal enterprise uh of a of a finance company or a corporate company document everything and then take it to the sec sec awards went more than 37 million dollars to a whistleblower and they love to put these press releases out and this just happened in december 19.

SPEAKER_37: um and the whistleblower was the initial source of the company's internal investigation as well as the source of the investigation as they see and other agencies while the company reported alleged conduct to the sec another agency the whistleblower receives credit for the investigation being initiated initiated because the whistleblower provided the same infringement sec within 120 days

SPEAKER_232: of providing it internally so they are literally explaining they're giving a road map at the sec of

SPEAKER_82: how to flip if you're involved in a crypto enterprise right now that is doing illegal stuff go to sec.gov whistleblower and get paid just round up i mean listen i don't give you advice you're

SPEAKER_149: not making money on your crypto equity so your crypto equity is going to zero but literally if you

SPEAKER_193: worked at i don't want to give advice but let's say you worked at a venture firm uh or you were an lp in a venture fund and you knew there was stuff going on and you lost your money or you're not going to make any money on your carry like i could see some associate at a venture firm that was involved in crypto who knows where the bodies are buried and all they're going to do is just download the entire document dump and hand it to the sec and say hey this is the fraud i saw

SPEAKER_13: this is what i saw i was at an i was at a firm they liquidated their tokens you know and you know here's my involvement i made 15 grand because i also bought the token i realized now i made a mistake they're going to give you a slap on the wrist and they're probably going to give you 10 million bucks

SPEAKER_232: and i think it's like a good it's a just thing to do because you feel and this book was written and a lot of people feel like white collar criminals are held to a different standard and you know what that's

SPEAKER_06: probably true but it doesn't need to be true um i think it's you know in a down market like this when

SPEAKER_281: a lot of people lose their money and i've been saying this for five years now molly when people

SPEAKER_13: start losing money and grandma or the retiree or your cousin who's not in the biz lost their money on a crypto grift and they go to their local um um da district attorney attorney's like oh what a

SPEAKER_06: wonderful case i was just pursuing you know i don't know some you know bull card game or some you know casino running out of the back of a bagel shop this is much more interesting this is the bigger pelt so get me more social cred if i go after this would be more interesting uh the first perp walk of many i predict and these are the minnows get ready for the big tuna and then get ready for the sharks and the whales it's coming everybody um let's we have been

SPEAKER_03: talking a lot about ai obviously it is it is one of the bubble themes it's i mean one of the big themes in 2023 and also it's just starting to heat up and get kind of kind of dishy so a couple things are

Jason Calacanis: happening here um do not pay which is a site that basically was founded in 2015 as a chatbot to

SPEAKER_287: yeah that's bill browder who wrote red notice his son right he was on episode 1007 he's like a

SPEAKER_03: consumer advocate yes exactly and so uh do not pay was this chatbot that would let people kind of like get out of parking tickets like navigate these tricky bureaucratic things so then uh do not pay has integrated some i think chat gpt type technology okay pivoted in 2020 with a real focus on ai and now apparently a defendant in an actual court case who's fighting a parking ticket unbeknownst to the judge will be trying to use this ai uh lawyer okay in a u.s courtroom so in real time allegedly okay supposedly this ai will listen to the proceedings analyze what is being said and instruct the defendant on what to repeat joshua joshua browder would not provide any other details uh to gizmodo who first reported about this to protect the identity of the defendant this is in theory super not allowed because most or at least many courtrooms in the country ban the use of mobile phones and the internet but they're relying in this particular court on hearing accessibility standards so they'll have so that he or she the defendant will have an ear an airpod okay in their ear so and say that it's an accessibility thing and then browder said do not pay is collaborating on another uh with another parking ticket defendant in a zoom based trial and they're deciding whether they're going to use an ai generated teleprompter or even synthetic voice the second option though mr browder said is highly illegal okay currently so and then now he's out here trolling the world saying do not pay we'll offer any lawyer or person a million dollars with an upcoming case in front of the united states supreme court to wear airpods and let our robot lawyer argue the case by repeating

SPEAKER_292: exactly what it says okay this is fascinating um and makes total sense if there is an optimal script

SPEAKER_37: for getting out of a parking ticket perfect thing you should be able to use it generative ai to do

SPEAKER_13: and just like people use templates for investing in companies or employment agreements or any kind of thing so what this is is a real-time template a real-time script this to me seems like a total valid use of ai now i do think they're doing this to push the envelope and it's like a press getting

SPEAKER_11: story right yeah it's a stunt i mean the supreme court thing is just a stunt it's just it's stunty of

Jason Calacanis: course so much of a stud that i fear that it risks undermining your very good point and a very good

SPEAKER_03: point that other advocates have made which is that this is actually the kind of technology that can make the law and actual justice more accessible to people who can't afford lawyers right so if you had

SPEAKER_06: a case like a small claims court case and you said hey i feel like i don't know i i got a predatory loan

SPEAKER_00: from one of these like predatory uh mortgage brokers right and it scanned all your documents

SPEAKER_101: it scanned every court transcript of a predatory loan it looked for the similarities and it said

SPEAKER_00: these of these 1700 cases that were one out of 5 000 the 1700 wins use these three defenses most often

SPEAKER_193: the judges cited these as the reasons the jury cited this that's what people are that's what attorneys are doing anyway rich people's attorneys they throw 100 attorneys at the problem they say

SPEAKER_101: how do we get oj off okay we have to put some doubt that this is the you know uh case law and if there's some doubt if it doesn't the thing doesn't fit you must acquit whatever the doubt is we can plant with

SPEAKER_13: just one person you know like those strategies are only available like you're saying to the rich yeah ai could determine this is really like actually fascinating i know i could determine that's kind of

SPEAKER_44: why i'm annoyed about the stunt because although the stunt could push the envelope and get them to

SPEAKER_03: change these kind of bs laws like you should 100 be a percent be able to use this is a research tool like all the lawyers i'm gonna get in trouble because it's not all a lawyer is but if you look at the bulk of what happens in law school and actually lawyers have been talking about this for decades that ai is going to come and like paralegals what they do is research and then turn that research synthesize the research and turn it into some kind of an opinion it's the best of what they do

SPEAKER_44: exactly but if an ai can do that for people who can't afford it well and then you get somebody like

SPEAKER_02: fancy to perform it in court lawyers will come down to talent that's going to be all the right like

SPEAKER_13: perfect quentin tarantino script and then it's just a matter of who's gonna you know bruce willis or whoever's ai uh but you know it's a big deal i actually know it's a very big deal because what this

SPEAKER_281: also will do you know what the analogy here in molly is it's very interesting conversation that

SPEAKER_37: we stumbled into here do you remember the justice project barry sheck i think did it um when dna came out they went back and they said okay find everybody who was convicted who claims they didn't do it

SPEAKER_227: yeah obviously everybody claims they didn't do it but that it was like people had concerns that felt

SPEAKER_101: like this person got railroaded and there is some dna available to be tested yeah so when they found those two vectors hey the person claims innocence oh it's called the innocence project uh barry shack

SPEAKER_00: really like cool project then they paid for the dna testing am i understanding and then they would and then it was like yeah there's blood on the knife there's you know whatever other bodily fluids

David Friedberg: so i'm getting graphic here it's not this person's yeah this person is innocent yeah oh and by the way now we have 23 and me and we know it's this person who's their relative because nine times out of ten

SPEAKER_191: it's a relative right or whatever the i don't listen to all those crimes dramas but i think that's kind of

SPEAKER_313: the theme is uh you know it's it's then shockingly it's the ex-husband who killed oh my god the it was the

SPEAKER_317: ex-boyfriend really i'm so shocked there's like a family guy about that where he uses his nielsen household power to rewrite all of tv and it's like can you just give me the answer up front and it's

SPEAKER_03: like oh it was the ex-girlfriend who did it yeah it was perfect you know like like literally take

SPEAKER_318: all of law and order episodes put them through ai spoiler alert i think this could be like you could

SPEAKER_227: go through every court case that happened molly yeah and if you let's say you knew there was an injustice that happened frequently uh something to do with eyewitness testimony uh you could say hey anybody who's convicted based on eyewitness testimony let's go check all those transcripts

SPEAKER_281: and look for trends and you you might exonerate a lot of innocent people the innocence project has

SPEAKER_03: exonerated 194 clients incredible yeah i mean i think this could upend this could a hundred percent up end you know i'm actually i'd sort of forgotten about this because we haven't had a meeting but i'm an advisor to this newly formed justice tech association which is specifically for using tech to increase accessibility to access to the to justice we should maybe we should have money talk about this ai trend because it is really interesting like this is how you replace a lot of lawyers but also how you do make the law a lot more accessible like sort of separate from

SPEAKER_44: these stunts although you know stunts do get attention they have their value we're talking about it right now we're talking about it right now thank you josh for making us talk about it well

SPEAKER_37: well the the the accessibility of a law library the accessibility of the online

SPEAKER_06: there's two online services west law and there's another one these two legal services that let you look up case law it's very expensive these people would scan all the documents in i remember when i was in the 90s in it they would send all these you know court cases the physical documents to like india to

SPEAKER_00: be transcribed you know by two people they would look for mistakes and they would put it all into a database and then lawyers would pay a thousand dollars a month for west law and these other online services giving access to those databases giving access to the law library in a prison to you know people who needed to do their own research was like a big unlock well giving ai to a prisoner uh who feels they were unjustly or in fact were unjustly convicted of something giving them

SPEAKER_101: access to ai to study all the cases and to study their case and say hey why you know there might be

SPEAKER_44: a trend that the your public defender like if i'm a small appeals firm this just became my strategy for

SPEAKER_06: getting clients sure 100 yeah yeah i mean it's gonna be transformative and i think it would bend towards justice now you could have it bend the other way which is people find loopholes of how to get guilty people off but we you know they already are a fair game well only rich i don't mean to be flip

SPEAKER_03: but like we're using a lot of loopholes i mean ai could also close those some of those loopholes

SPEAKER_06: well that's that's the thing so if you if it does find just like dna exonerated some people and then maybe uh maybe some people got exonerated you know that who were in fact guilty or something you

SPEAKER_179: know could be could be the wrong dna was on the side and it's another excuse for it being there or

SPEAKER_13: whatever overall uh examining something as important as the legal system is worthy of technology's uh attention and so absolutely it starts with a speeding ticket ends with a you know um railroaded

SPEAKER_198: manslaughter conviction or something or a murder conviction yeah yeah ai the story of 2023 and

SPEAKER_342: beyond no question no question also judges are flawed too right because they're humans of course

SPEAKER_03: they are they're human they're bribed they're biased they're this and that you know i don't even know

SPEAKER_345: judges know their own bias you know that's the other thing is like bias that people are unaware of

SPEAKER_03: right sometimes they're very aware and it's like you know oh you call people racial slurs your entire career on the bench and you're still there and you're still just like your record speaks for itself or what i mean what you could do is analyze records yes like you would analyze the conviction records of judges right because like there would still will have to be judgment sentencing guidelines have in some cases you know like third strike sentencing guidelines have proven to be very unfair because arrests themselves can be based in so much bias for example so the last thing you want to do is be like a computer will decide this based on these strictures and that will be the end of the story and there will be no nuance like you'll still have to have humans but to to have a dispassionate analysis

SPEAKER_351: that can reveal bias yes let's go speaking of chat gpt since we're on a roll molly let's keep rolling here all right i showed you on just say show and i saw on our tick tock account uh which i think is twi

SPEAKER_06: startups uh search for this weekend startups on tick tock um i saw that the tick tock of my demo of the chat gpt app which i'm in the test flight of i started trending yesterday and you made a really good point which was you know i was like hey tell me the best restaurants in yonville that's like an area next to napa where all the fancy restaurants are french laundry yada yada then i said hey tell me which ones have the best duck because if you're going to really test a chef duck's a pretty good way

SPEAKER_09: to do it i had incredible piece of confit uh the coffee when i was in ufl at bouchon oh man sean is

SPEAKER_345: the best oh like i just was like you know what i want to have a birthday party just rent out bouchon

SPEAKER_227: right definitely do that trey man fe putting that aside yeah you said well then google could then do that thing where they call on the phone and get you a reservation which google has now google voice

SPEAKER_13: well if they don't have a reservation system call me like hey i'm calling on behalf of molly wood we can we have reservation tonight they have the conversation that's kind of what this bill broder uh i'm sorry josh broder uh do not pay thing is doing exactly what you mentioned there which is well once the ai does the analysis well ai could have the conversation ai could navigate what the outcome is going to be which means there is a very professional use case for chat gpt and other services again i think chat gpt is probably as good but probably not better than whatever google or facebook have right now that they haven't released and google facebook need to release those they do they get 10 20 pop in their stock open ai

SPEAKER_29: uh quietly put out a form that we found on the discord there and i filled it out

SPEAKER_351: they are asking people how much would you pay for a professional version of chat gpt and i put in uh

SPEAKER_13: i would pay and they did a very interesting pricing survey they said what would be too little that you would think the price was too cheap and i put 20 bucks they said what would be like too much i put 5 000 they said what do you think would be like make you feel like it's a good value i put 50 and then they said when will you start like considering it was like too expensive so it's like this classic pricing survey concept i put 500 and i filled it out hopefully i get into chat gpt professional but i think they've started a wait list based on a google form um and the idea would be you wouldn't be throttled maybe it would do some of the things it doesn't do currently that you have to say like oh write a play in order to get it so maybe some of those things maybe it could have multiplayer mode this is what i'm thinking and you would have no limits so they could uncap it but imagine multiplayer mode where like the producers of this week in startups are all in a chat gpt instance and we're saying somebody asked a question what are slack's historical quarterly revenues and it puts that there and then it says hey can you average that and it averages it right now we ask a person there

SPEAKER_351: but we could have a chat window open right now and put chat imagine if chat gpt was built into slack and you could just do slash chat gpt what were slack's quarterly earnings and it just gave it to you oh my god oh my god professionally each query would be like if you just paid if you just paid 25

SPEAKER_227: cents a query yeah like you would need half the number of people at your company or the company people at your company would be 50 more productive right so this is going to have a dramatic impact in

SPEAKER_367: the enterprise when you were talking about and i do not i'm not trying to uh dismiss the ability

SPEAKER_03: capabilities but when you were talking about like oh well i'm just going to hire people in the philippines to do that job that you want too much money for in the us all of a sudden instead of all of that you hire a computer like that future is the future that everybody talks about when it comes to ai that is finally he like i can't believe how we know that these things evolve slowly at first and then all at once but i can't believe how all at once it is right now everything all it's like everything all at once or returning to my hot take from yesterday it's all a house of cards it's one or the other either this chad gpt thing is total smoke and vapor i just want to end with

SPEAKER_13: my daughter's my 13 year old daughter was really emotional last night because she saw me cry and she was like are you crying and i was like i'm not crying but i got verklem last night because one of my uh favorite films from my childhood was indiana jones in the temple of doom this is like we're gonna go a little random here okay okay now temple of doom you've seen

SPEAKER_294: it's a very dark film and it turns out spielberg and lucas i think they were both going through divorces or whatever and people were like you know that film dude was pretty dark and they've kind

SPEAKER_227: of come back and said you know what we were going through a dark period of our life and we went kind

SPEAKER_232: of dark on the indiana jones stuff if you remember you know like there's children children as slaves being whipped hearts being ripped out of people's chests it is intense and it was like a little

SPEAKER_00: shocking for people um and we had like a very interesting discussion about k uh hugh kwan in short round because my daughter started and said is he is that like a little bit of a racist trope when he was in indiana jones because he talked with a little bit of a broken english thing and i said you know

SPEAKER_101: that's interesting like this generation sees it as problematic i said our generation and i asked my wife i was like she's asian uh she's green i said i saw it as like whoa there's a chinese character a young chinese character in a significant role he's the third lead in the film essentially

SPEAKER_00: it's like yeah k capshaw harrison ford obviously and then k hugh kwan um and he won a golden globe

SPEAKER_66: last night and so my producers will pull this up and it will end with the speech he was in everything

SPEAKER_248: all at once everything everywhere all at once okay now i i enjoyed that film it wasn't like

SPEAKER_00: maybe like top 20 for me but not on my top 10 uh but for a lot of people's top 10. uh but when i saw him in the film my heart was filled with joy because i just thought i always loved

SPEAKER_232: this he was also in the goonies i believe he was hollywood forgot about him yeah and he gives this

SPEAKER_13: speech at the golden gloves last night and there is not a dry eye in the golden gloves and i had just had the conversation with my family about representation in films and why it's important and how this was like a moment of representation and we just had this like very nuanced discussion about his you know english etc as a second language and was that like you know when people make fun of asian people and speak or any foreigner speaking broken english it could be an italian person or whatever just or or me speaking italian or poorly you know in white lotus or something uh anyway he wins and he

SPEAKER_00: gives the speech of a lifetime and i play it for my my my entire family and i didn't realize it but two tears just came down i was so happy for him and he just says like i always you know was taught to remember who you know to to to be thankful in my life and i just want to say i'm so thankful to steven gorg for giving me a chance but then i thought for the last 30 years of my life i thought i will never achieve what i achieved in my childhood my entire life will be downhill from here wow and then these um and this video is trending all over tick tock it's trending all over twitter it was like going he was almost i think number one last night it was a first or second trend uh and i didn't even know his name i'll be totally honest i just knew him a short round uh because i always when i started

SPEAKER_227: indiana jones i thought when i started jones when i was whatever eight nine ten years old i would love to be short round i would love to be indiana jones sidekick right yeah that to me was like a dream

SPEAKER_193: i think that's why spielberg did it he was like wouldn't it be cool if indiana jones had like a

SPEAKER_232: 10 year old or 12 year old yeah as his sidekick who would drive him and they'd let short rounds the

SPEAKER_144: joke of short round is he's short because he's a kid and he drives the getaway car for indiana jones in hong kong during this like really tense scene but he's so short he ties blocks to his shoes to make his shoe reach the gas pedal but he can drive a getaway car just brilliant on steven spielberg's part

SPEAKER_13: uh and so he he gave this speech and uh then he says and these two filmmakers these two or three filmmakers remembered me from 30 years ago and said they would give me another shot

SPEAKER_232: and they gave him the shot and he wins the golden globe oh my god boom and they say it's his first nomination and everybody in the audience going it's his first nomination this guy's been mia for 30

SPEAKER_390: years yeah like what yeah exactly it's his first role yeah basically it's his first adult role now

SPEAKER_193: i'm sure and he basically then shouts out his wife for believing him for these 30 years but uh you may

SPEAKER_00: remember you know in 2022 he ran into harrison ford and he he gives him a hug at some photo shoot and that had trended and i don't even know if i brought it up on the show that is um cute no but

SPEAKER_127: i just thought it would be good to end i hope this doesn't get us a strike uh it's like a redemption story i love it well we'll just we'll just we'll add i'm gonna end on this video just because i thought

SPEAKER_397: it was so beautiful when i started my career as a child actor in indiana jones and the temple of doom

SPEAKER_399: i felt i felt so very lucky to have been chosen as i grew older i started to wonder if that was it if if that was just luck for so many years i was afraid that i had nothing more to offer that no matter what i did i would i would never surpass what i achieved as a kid thankfully more than 30 years later two guys thought of me they remember that kid you monster

SPEAKER_401: and they gave me an opportunity to try again oh got me again

SPEAKER_404: holly got me again i am so happy

SPEAKER_407: damn you it's the greatest video of the year a little fragile this week like must you

SPEAKER_409: that is amazing i'm sorry molly i just i mean literally got me again i am so happy for you k hugh kwan congratulations 30 years later yeah you got a little you gave yourself a little tissue on

SPEAKER_412: the lip there sorry about that we're falling apart like a mess that was very wholesome oh

SPEAKER_415: that's incredible i just said last night like exactly your response like this is what we need

SPEAKER_409: right now more of this in the world more joy and people getting another shot and crushing it give this guy like 10 more roles and then i saw trending somebody said what if they did

SPEAKER_417: a spin out of short round as a disney series they should totally do that and he's just a little action

SPEAKER_418: jackson dude he is inspired by indiana jones and he goes on his own adventures as an adventure hunter

SPEAKER_193: and let him go do some adventure like a little it's like a young remember young indiana jones there was a series people don't remember this yeah that uh i think it was river phoenix uh rest in peace you're a

SPEAKER_65: a great actor but i think he played young indiana jones um and they've been talking about who might play indiana jones uh you know in the future i say nobody ever also kind of delightful because it's

SPEAKER_03: a wonder yeah also don't know don't ever try that no don't do that hollywood but do the short round

SPEAKER_11: spin-off i love that yeah how great is that that's amazing sorry i got your mom it got me too

SPEAKER_427: you got me twice you got me twice oh all right well there it is folks there's your whole show

Chamath Palihapitiya: didn't see that coming didn't see that coming but i just thought you know people listen to the show

SPEAKER_06: it's great that they'll you know people like to have a little when we go off on our little tangent so i think there's like a tangent worth your attention given how everything's horrible all

SPEAKER_432: at once and this is not that's wonderful all right everybody thank you see you tomorrow

SPEAKER_342: more pop culture tomorrow too with line