SPEAKER_00: all right everybody it is friday friday friday we made it molly to friday friday yay i have SPEAKER_01: after listening to you and launch so much tv to catch up on so i'm thrilled that it's friday because i got nothing but working tv i got my booster so i'm having a couch couch weekend we're uh we've got some fun topics and some news today at least my seventh maybe ninth booster i don't SPEAKER_04: even know we'll talk about the virtuous cycle of early startup employees turning into angel investors after a major acquisition or going public not like news but just part of what is so magic why this this tech industry keeps on being so powerful yeah and where it's going we'll talk a SPEAKER_14: little bit about what that's going to lead to and the democratization democratization of venture SPEAKER_16: capital writ large so it's a very interesting moment for society here in the u.s and capitalism SPEAKER_01: totally and then uh everything about entertainment is changing by the way we're going to talk about SPEAKER_04: mr beast's amazing business and how he evidently turned down a billion off dollar offer for his content empire and that is not crazy at all yeah i mean i think he's going to build a multi-billion SPEAKER_23: dollar business from here and uh he is a savant who understands a certain generation and on that SPEAKER_26: note we'll have rachel uh doing another great okay boomer segment you're gonna love this friday Chamath Palihapitiya: show stick with us bye bye sorry you're gonna love this friday show it's a great episode stick with us SPEAKER_29: this week in startups is brought to you by athletic greens reclaim your health and arm your immune system with convenient daily nutrition go to athleticgreens.com twist to get a free one-year supply of immune supporting vitamin d and five free travel packs with your first purchase paper clip in a downturn every dollar counts see where your firm's cash is going and stay on top of your runway with paperclip go to get paperclip.com twist to get the app for free for life and masterclass learn from the world's best minds anytime anywhere and at your own pace get 15 off an annual membership to masterclass at masterclass.com startups all right everybody happy friday anything in the news nah no SPEAKER_33: pretty slow hold on it's got a little sip of this grande latte there you go all right let's go two SPEAKER_38: words people bruno mars here we go what is in the news there must be something in them let's not talk about nuclear war let's instead or any of the other things or any of the other things that would get me Jason Calacanis: in trouble although it's funny because this one i feel like is skating close to the edge but there was this really interesting piece in bloomberg okay about uh silicon valley's sort of virtuous cycle of angel of like friends who get rich from tech investing in their friends and this kind of like everybody who SPEAKER_01: exactly and everybody who does well uh at some tech company then turning around and writing angel SPEAKER_04: checks to their buddies and how this is getting like more and more and more common and most likely the SPEAKER_01: figma boost the figma sale like created a whole bunch of new angels yes and um it's just it's an interesting piece about this kind of circle of investment that i thought might be a fun discussion SPEAKER_44: topic for us because it's sort of well it's very well known that and also very insular right like it SPEAKER_47: keeps the club tight well here's the thing you know if you're raising money for your venture SPEAKER_23: whatever the venture is um your friends uh might say sure would love to put money in and because they want to support you and they trust you and they know you so this is not some big deal this does not require a story this is something that's always existed because we literally have named around friends and family so before you can get series a uh you either bootstrap your company SPEAKER_47: which means you pull yourself by your own bootstraps you don't raise money use your own skill SPEAKER_23: as a builder to build a product yep or you do a friends and family round so you can do either of SPEAKER_49: those two things now if your friends and your family are in the industry all the better because SPEAKER_23: they can write bigger checks and they understand what you're doing more so when you do a friends and SPEAKER_47: family typically you might be like hey i'm starting an internet company and if your friends and family are not in the internet business they're like okay what am i supposed to do it's like put 5k in could work for you so just to demystify this what happens in silicon valley is well if you made a million dollars on your airbnb stock and a friend from airbnb starts a company like i you know when you work together for five years and they're like hey you should put 10 or 25k into this of course you do uh because you made your million dollars in your rsu's and restricted stock options SPEAKER_54: whatever you they're actually units but yeah think about restricted stock options uh so yeah no big deal SPEAKER_26: this is what's always happened um why this is interesting now i'm not sure i'm not sure what SPEAKER_50: the news peg is here but i did write a book about angel investing and start a course when this happened the last time which was during the uber mania i think i suspect that it's becoming more of a story as SPEAKER_01: and we've talked about this like venture the industry is getting more mainstream right like there's more awareness of it because of the show and the dropout show and the democratization exactly and actually SPEAKER_59: according to pitch burk pitch burk perch perch perch blurk oh my god it's friday we're losing it just SPEAKER_60: according to pitch book 449 you're such a consummate professional the fact that i have one blooper in SPEAKER_26: six months of you mispronouncing something with my dyslexia and inability to pronounce even the smallest names is absolutely fabulous it took six months folks but if you bet actually if you took SPEAKER_62: the over on six months for molly to make a mistake you win the show i can't stop laughing at SPEAKER_63: ermigerd perch burk now i'm just gonna i'm gonna call it that forever it's great don't you don't SPEAKER_67: you know don't you know don't you know what was that movie fargo i used to do a great fargo okay oh SPEAKER_04: yeah i mean you know i lived in berk said i lived in north dakota for eight years like if you need SPEAKER_01: a fargo i can give you a tight five no problem perch burk says 400 bless you sorry thank you 449 micro investment funds or uh 50 million dollars and less in assets that's not micro micro's under 5 million but okay i think so but 449 of those were raised in 2021 which was a hundred more than in any previous year so basically a lot more people are getting in the venture game and i think a lot more are getting there via angel investing yes because it's literally what i wrote in my book i literally wrote a playbook SPEAKER_47: for this i said invest in 20 your friends if you're here or 20 syndicates and really if you want to SPEAKER_26: know the archaeology of this it goes back to uh a man named ron conway now ron conway became what's called a super angel he raised a micro fund and that micro fund invested in uh google and then famously he was affiliated with paul graham this is you know in the 2005 era and then uh in 2008 2009 myself and an individual named naval ravikant started getting into this naval was doing venture hacks i was doing open angel forum they were both the same thing naval would send an email here's a list of deals that are open and here's an article on how to write a term sheet and then i did open angel forum where uber and other people came and pitched in person to and i had a hard time finding 10 angel investors back then then i wrote a book explaining how to be an angel investor called angel and then did angel SPEAKER_16: university and taught that 30 times for charity we've now raised almost 200 000 for charity SPEAKER_50: so anyway it's become a bit of a known practice it's been professionalized as a class so there is now a professional class of angels um and hey bloomberg's on it great last year angelist introduced SPEAKER_01: a tool making it easier for investors to bet small amounts like i think you just have this yeah that tool was you just have this sort of good rising maybe it was the figma thing that made SPEAKER_84: him write about it now i don't know it was interesting uh it's always a good story i'll tell SPEAKER_50: you what's always a good story as a journalist uh it's always a good story to talk about insiders people are fascinated with how this thing works from the inside out and they're always fascinated by networks and getting in early on things so it's it's it's you know financial cat there was a SPEAKER_58: big acquisition so there's more like every time there's money sloshing around there were a bunch of SPEAKER_04: stories like this actually when we work was going to go public and it was like what's going to happen SPEAKER_26: when all that money it's basically like ur mcgern urngels well i mean i knew that and when i did my book i said here's a title for you how i turned a hundred thousand into a hundred million that'll catch people's attention and of course that's the dream is i made this like microscopic bet and it you know was over a thousand x that does happen it will happen for the figma investors as well SPEAKER_23: depending on you know i don't know if that round was five or 25 million but they'll have a 500 or a thousand or two thousand x so congratulations this happens all the time uh networks uh are there SPEAKER_04: you could take credit for like planting the seeds of something that has now blossomed into a bona fide SPEAKER_26: super trend i i would say ron conway paul graham you know kind of got the ball rolling on this because paul graham did those demo days and ron conway you know it's like very impressively was just very quick to put 25 100k into anything and would do it you know i remember at some point some m a person made fun of ron conway to me and they said like yeah ron conway is like huckster you know he SPEAKER_49: opened up his spreadsheet in an m a meeting and pulled up his list of 50 companies and was explaining you know which ones we could acquire what and i i thought to myself well that's dope this guy has information and has placed 50 bets my mind was kind of blown it was like a real inception moment for me SPEAKER_23: uh and so the what ron conway did was he showed the negative way of looking at was spray and pray the intelligent way of looking at it was um diversification in order to hit outliers so i think SPEAKER_49: people were kind of dumb making fun of ron conway because that actually is a pretty great strategy if you know there's a power law placing five bets is not what you should do you should place 50 like ron conway did and then you hit google or whatever and it makes up for the other ones Chamath Palihapitiya: listen you know i've been on a health kick and what's a critical part of my health kick it's athletic greens with one scoop of athletic green ag1 formula you're absorbing 75 high quality vitamins minerals probiotics and more to help you start your day off right it's so easy one scoop mix it with a little water shake it up and then have that incredible sustainable power for the rest of your day it is so great on so many different levels you got gut health your nervous system your immune system your energy your recovery your focus which i need and let's be honest i'm getting up there in uh years even aging and it's going to cost you less than three dollars a day cheaper than a cup of cold brew here in any major city in america so can you imagine that just for three dollars a day you're going to really do something great for your health and there's no need for a million different pills i can't swallow all these pills it's too much and the supplements it's too much i want it to be easy breezy and that's what one scoop of athletic greens ag1 does for me and to SPEAKER_80: make it even easier athletic greens is going to give you a free one-year supply of immune supporting vitamin d and five free travel packs with your first purchase all you have to do is visit athletic greens.com twist again athletic greens.com twist take ownership of your health and pick up the SPEAKER_104: ultimate daily nutritional insurance it is interesting though nick was pointing out it's SPEAKER_01: interesting because it's in some ways a unique advantage of the tech ecosystem right which is that every time there's a distribution of equity yes it cycles right back into this it's sort of like why silicon valley will always still have power it's why the tech industry will always have disadvantage because it'll cycle right back into this same industry and create this virtuous cycle that just sort of keeps it going people who make a lot of money in this industry SPEAKER_26: placing a bet a fortuitous bet a lucky bet whatever it happens to be uh a brilliant bet will then SPEAKER_108: make more bets and they create more millionaires billionaires sent to millionaires decamillionaires SPEAKER_26: who then place more bets yeah the problem is in some societies like i had uh somebody in italy explained to me that when people got rich in italy like these families they would never bet again they SPEAKER_23: would just keep all the money inside the family they would never spread the wealth they would never SPEAKER_26: take more risk they would just keep it inside their family so there are other networks where people make a bunch of money and they don't put ladders down behind them what we do in our industry is we get kind of frisky okay i won a big bet i won a lottery ticket there must be more lottery tickets out there yeah so if you believe it's totally random and you got lucky and the chances of you getting lucky again are like zero and this was just a totally one-off case then you would the right SPEAKER_109: thing to do would be to say i'll never invest in another startup i'll just consolidate all this wealth and put into real estate or something safe yeah but if you're here in the valley and you see SPEAKER_80: this happening you're like oh this wasn't random i'm good at this right and there'll be more of SPEAKER_112: these a lot of times in the valley we live in a lightning storm we live in a lightning storm oh that's SPEAKER_114: fun that's a good that's a good mug you like literally my our job is to have a bunch of bottles SPEAKER_80: and to stand out there in the lightning storm and just catch lightning yeah we're just trying to catch lightning here and we do it as a factory right and and that's a great thing for society because we will create more value in society by doing this it's awesome that there's an angel class and i want to do it now for lps and funds so my next decade first act you know was doing this SPEAKER_115: with angels now that we have so many of them i want to do with fundraising and so what's happened that's really interesting is with these 11 000 members of the syndicate and the two podcasts i started tweeting SPEAKER_50: hey we're raising launch fund three oh i'm sorry launch fund four and we did the 506 b we've you and i have talked about this on the show we just hit 30 million in commitments after three webinars so 10 million a webinar and so the reason i'm talking about here it's not a flex uh it's more about SPEAKER_26: we're always going to be able to raise a fund i've got a pretty good track record some people might SPEAKER_115: say great but anyway i'll just say a pretty good track record we work hard we got a good process we got SPEAKER_50: a good thesis for the future we're going to raise another fund but the fact that we were able to raise essentially what took me a year for the first fund we raised 3x that in three webinars yep three hours in the second fund yeah and so actually we raised more in three hours in what took 18 months for SPEAKER_115: the first two funds that was 20 million combined so we did 30 50 more in three hours and we'll blow past what we did in the last fund in the same thing because we have existing lps who are going to re-up and haven't even started talking to them yet so long story short i'd like to democratize this and then the thing i was thinking was hmm if this works so well and we fill up well then at some point we could do a fund of funds so people i also have unique access to funds and i've been 20 funds so what if i did what's called the fund to funds i said to this group of people hey we're going to raise 50 million to put in 10 funds 5 million each on average but it might be like you know some younger funds we might put in one to two million some other ones we might put in ten so we could actually do a fund to funds we could actually then democratize access to venture funds with our unique ability SPEAKER_04: or knowledge so it's sort of in my head i love that i love that also like i could totally see if you're SPEAKER_01: a medium net worth individual where like i'd be all about the lp thing as opposed to the angel thing because it helps me spray it helps me with that diversification that you're talking about you can say SPEAKER_04: like if i'm an angel yeah it helps me spray and pray it helps me get more like uh kites in the air SPEAKER_129: with metal attached to them yes you you got more conductivity conductivity conductivity conductivity SPEAKER_84: i want team t-shirts that say professional lightning catcher exactly that's a good literally we just have SPEAKER_118: like a picture of molly like grabbing a lightning bolt out of the sky i think it's uh you know being David Friedberg: an lp in a fund is slightly different because you don't meet the companies you're not making SPEAKER_23: individual decisions but it does build your network and so that's a great part of it because when you know when you know a gp of a fund you know their entire network so and this is what creates this weird you know we have all these people you know sparring which with each other on twitter and you know vcs and SPEAKER_49: other people journalists dunking on vcs vcs dunking on journalists founders in the middle mommy and daddy please stop fighting all this stuff going on and then what's really happening underneath it is SPEAKER_23: we're all lps in each other's funds we're all trying to place bets together we're all trying to SPEAKER_50: build companies grow things and and support each other and you know listen we're we're basically you SPEAKER_01: know ride or die with each other in case you're just as some might say as some might say in case you're wondering if this is an insular society everyone it is it 100 is and like you can join at any time and if you were if you are the entrepreneur in minnesota who wants to raise that ten thousand dollar uh friends and family around then you need to watch the blueprint that jason did yeah about SPEAKER_54: expanding your network this weekend startups.com session blueprint it's a closed network that anybody SPEAKER_01: can join yes so you know this is really true like it just overthink it so many vcs have some origin story about a company that involves it was a cold email of course right like this is i i actually really wholeheartedly and i say this as the newbie agree and believe that it is a closed network that anyone SPEAKER_04: can join because all you need is hustle like all you need is outreach and the right amount of outreach legitimately works you get somebody's attention with a great idea no matter where you are SPEAKER_50: my red flag is on the other side of the room i was going to run over and get it and just say narrative SPEAKER_145: violation you know there could be two things that are true at once thank you i'll flag myself well SPEAKER_50: here's the thing now that you're on the inside you see it a little bit clearer because you have SPEAKER_23: you have now uh dare i say uh you're you're getting towards a 360 world view you haven't i don't think been a founder of a company right uh that's venture backed but you you now have the journalist view and the investor view now i have the journal through the investor view and a founder view um and so when you start putting these views together you can see the whole chess field the whole chess board right and this is what the great awakening for you has been now being on the other side of the table is wonderful to watch the world could seem like a bunch of closed networks of course right and hollywood is one you know finance is one ventures one startups whatever pick fashion i'm sure uh media but what you have to ask yourself is how hard is it to SPEAKER_146: infiltrate each one of these now to infiltrate hollywood is insurmountable like that's incredibly hard SPEAKER_73: um fashion yeah it's pretty hard too but i guess you could make some fashion designs and sell them SPEAKER_26: yourself on etsy and you could start to break in maybe exactly i don't know the exact career path SPEAKER_01: there in so many of those other industries it's all side routes like the way you circumvent hollywood is you become a youtube creator right like you become mr beast we're going to talk about in a SPEAKER_84: minute you become isa ray exactly like you just awkward black girl you have to weigh in what was SPEAKER_153: her original channel called awkward was that her and then yeah and then she got a show yeah isa ray let Jason Calacanis: me just see here isa ray but our industry i think is actually and by our industry i mean both tech and bc SPEAKER_01: right bc is not easy to break into it is becoming more and more democrat democratized legitimately so it's still pretty close but tech in general yeah come on anybody can do this anybody can get into this SPEAKER_84: industry yeah so here's the thing awkward black girl thank you awkward black girl yeah um so gosh you SPEAKER_80: know you hate to even say this stuff because it triggers so many people the world can be at the same SPEAKER_23: time unfair biased cruel and unbelievably beautiful and never being more fair at the same time so we could hold in our heads these two different ideas the world is unfair but it's never been more fair and that's what i tried to explain to people yes is there systematic bias racism classism ageism whatever you want to pick racism outright and then could it also be more open than it's ever been yes so what SPEAKER_73: are we here to do complain about this sure you want to this is it a news flash to anybody that it's unfair i don't think so and that there's bias in the world so you can talk about it but everybody knows it SPEAKER_132: already of course it's rigged it's unfair so why not focus on the latter part which is the latter is um you can just show up with a ladder and climb right in and do it so that's what i like to sort of SPEAKER_02: encourage people to think about more than one thing in your mind at the same time i beg you let's um SPEAKER_01: exactly well and people really want to we have a negative negativity bias is a real thing yes that humans suffer from and we want to over you know we want everything we want the perfect to be the enemy of the good all the time and in fact there is a lot of good happening and we can uh even improve upon the good right we can continue to amplify the good and do the best we can and whatever because the rest SPEAKER_04: is just people i was literally having this conversation with a friend today who was like i looked at too much twitter today and i need help and i was like you know what this is just humans SPEAKER_01: there's not a like there's no story arc in the universe that ends with like and then everything was fine it's all the story the story is just always happening and good things happen and bad things happen and that's that i mean now is now people eckhart tolle now is now be yeah just now you want SPEAKER_187: to be this is my eckhart tolle if one it's like peace one should not read the comments SPEAKER_192: i just so so i'm like i'm trying to listen to him but he just lowers his voice and trails off i tried to listen to the space between words and greases and i'm like what is what the east next SPEAKER_132: happening bono i tried to listen to it totally and i just then i created the ultimate eckhart tolle impersonation like years ago and we just troll her on it she was like what should we have there i'm SPEAKER_186: like well i wonder if italian is too often the default answer and then you go Jason Calacanis: she really tried to listen to the book in between every chapter there was like a ding that made me lose my mind it made my eyeball explode and i had to stop listening to it and then i put it on speaker and SPEAKER_04: then the dogs thought that the ding was a doorbell ringing and so they would go ape doodle barking at SPEAKER_23: it and i was like this is not relaxing founders when you know your numbers at your startup like the back of your hand you're gonna come across two investors as super credible your credibility Chamath Palihapitiya: equals closing your ability to close deals your ability to close investors is going to be based on your credibility well i want to tell you about paperclip this is going to make you more credible today it's a free instant financial dashboard that pulls all of your most important numbers and puts them at your fingertip you just plug in your bank your credit card and your financial accounts and paperclip gives you instant access to the most important metrics like your net cash your burn rate and your runway so stop wasting time crunching these numbers in spreadsheets no don't wait for your accounting that's lame you want to use paperclip but i want you to see why thousands of startups trust paperclip to help manage their finances check out paperclip and get real-time visibility into your financials today takes less than five minutes to set up and twist listeners get the app for free for life by going to get paperclip.com that's right it's typically 30 bucks a month but if you use my link you get it free for life there's no downside go to get paperclip.com twist today let's talk about SPEAKER_04: hacking media for a minute for our um last big story of the day news broke today via business insider um and via mr beast himself by the way real name jimmy donaldson saying on a podcast that he has turned down at some point here in his career a billion dollar offer yeah a billion dollar acquisition deal for his content empire and he said uh if you want to come for the mr beast business SPEAKER_210: you need to start the bidding at 10 billion dollars the end i know jimmy i know his business dealings uh SPEAKER_14: intimately he uh that yeah he's making like nine figures in advertising revenue yeah and media SPEAKER_50: companies are typically not worth that much but his is growing and is worth that and has the brand SPEAKER_49: extensions and uh mr beast burger the delivery service was kind of shaky but then he opened up an SPEAKER_23: actual store with a really good burger and that had like tens of thousands of people or 10 000 people SPEAKER_26: showed up or something insane like that so it is a very growing business um and i think influences equal distribution and he has the most followers therefore he is a massive distribution channel in the same way kim kardashian is so the same way kim kardashians skims molly uh became a billion dollar business and so did her fragrance became hundreds of millions or kanye west uh as an influencer himself his uh yeezy brand became worth over a billion this is the new um influences our distribution period full stop and if you look at what is the hardest thing to do in direct to consumer or any consumer business SPEAKER_50: it's to get distribution so you can just basically take that out which is why i believed you know if you had a social network that was underperforming if you could in some way draw these people to that social network you could maybe uh revitalize social networks that didn't have people like mr beast SPEAKER_26: participating in them you know in a primary fashion so you know this is why like uh i always felt if you didn't have youtube like features in your social network facebook and other social networks SPEAKER_50: should really target trying to get that youtube business uh because that is a really great business to get people to publish original content to your platform i mean it is pretty startling how only SPEAKER_01: youtube or initially right yeah understood and maybe even lucked into the creator economy they shared revenue it wasn't luck and then they started sharing well yeah but i mean like at some point they realized and it was to be fair it was because creators were saying like hey you seem to be making a lot of money off of us and we're just doing all this user generated content for SPEAKER_04: free and like maybe we could work out a little something something youtube was like receptive to it right yeah yes let's do that they built a creator studio they created a rep they embraced it they embraced it exactly and if you look at how long it took instagram to even acknowledge its creators let alone they still haven't really helped to make money and they still don't help but make money no they most instagram creators one have gone to youtube or tick tock yes and um make money off of like brand deals SPEAKER_23: they make it off platform yeah this is where you know a new entrant uh or one of these existing social SPEAKER_26: networks could really really do some damage if they went to this category of influencer and said hey we'll give you a hundred percent of the revenue for the first couple years hey not only give you a hundred percent of revenue we'll promote you we'll get you more views than those other places because that is a secret weapon that some people have is the ability to promote stuff so if you look at spotify they kind of did this playbook with rogan and call her daddy they said we'll take all the risk out we'll give you all of the what you're going to make in the next five years in advertising we'll SPEAKER_23: guarantee it right they guaranteed uh the caller daddy and the joe rogan shows that they would be SPEAKER_26: sold out yep so they took that risk not a lot of risk for them to take is it because they know they're going to make back 60 70 80 90 100 maybe even 150 percent of it if they do it right and then they have the promotion spigot that they can point at whoever they want and you know who had the SPEAKER_18: opportunity to do this and just completely just very recently crap the bed is twitch i don't know if SPEAKER_45: you talked about this but which is cutting the creator revenues they should big time like for SPEAKER_04: everybody right and people are they should do the opposite exactly like they had an opportunity to really swoop in and scoop up all of these like disinprint you know because everybody's mad at youtube all the time like there's an opportunity here for like you're saying the right network to like get SPEAKER_19: it together absolutely if the right network that was underperforming or under monetized compared to SPEAKER_232: their contemporaries if for good in some way you know listen i know jimmy but i don't know if other SPEAKER_80: networks know jimmy personally but if they did and they put a deal in front of him who knows maybe they could get somebody like that to actually embrace it or maybe even somebody like a musician who is not active on there but is active on tick tock like if you look at justin bieber super active on tick tock super active on other platforms not active on certain other platforms why is that they maybe not SPEAKER_232: give him the incentive to do it we're creeping we're creeping i'm just creeping i'm just saying if you SPEAKER_01: look at by the way one of the reasons that mr beast uh believes that his network and his business SPEAKER_04: empire overall could be worth 10 or 20 billion dollars it's because of all the things we just said and skims i looked up is as of this year now worth 3.2 billion dollars yeah uh evidently and then what he's also evidently working on a game has hired a developer to build out a mobile strategy game for iphone and android so there will be this reach there will be the burger business there's the feastables SPEAKER_72: thing there's yeah a gaming empire all of these things have the potential to work and product and SPEAKER_26: each other has a difference here's the here's the rub each of these things these are not software in some cases yeah so you know how you value a media company is typically two to five times revenue now jimmy might get a premium because he's number one right or is he number one or number two on youtube now i'm not sure i know he had that like back and forth with the other video game guy so anyway if SPEAKER_50: you're number one or two you will get a premium right the premium brands like hbl will get a higher valuation because they're premium so okay maybe you make the media businesses worth seven times revenue top line and maybe 20 times bottom line so could very conceivably be a billion dollar media SPEAKER_26: company right now so if it had 50 million in profits on 100 million 20 times that is a billion if you gave him seven times and it had 125 or something just picking a number out of the air worth a billion yeah okay what is a burger chain worth well you just have to look up shake shack right and you can shake shack has a certain number of um you know um you know uh locations to to hit that SPEAKER_115: number certain amount of revenue so you just pull these things together shake shack currently worth 1.8 billion so if he becomes shake shack there's a long way to go but it's possible right okay now you add 2 billion for that a billion for the media business you're at 3 billion okay if the video game SPEAKER_109: there are analogies for video games you just look at roblox you could look at zynga okay that's worth SPEAKER_245: another billion so you know you put a collection of assets together he's not inventing this you SPEAKER_04: know it's not he's a very shrewd he has a plan he is a very shrewd capitalist with a very ruthless plan and we'll be sitting here in like you know a year or two going is this the yahoo when yahoo turned down microsoft or is this like he's a genius and and it's good i think he's i think he's a media genius SPEAKER_23: i think he really is a savant when it comes to making content people want he studies it he's hard working uh he does burn money like a drunken sailor i will say that let's do that what is that David Friedberg: like which he brags about right like this video cost a million dollars to make but it's like this will be a nice like you know this will be what vice was supposed to be remember the brand vice was SPEAKER_23: gonna have all these brand extensions tv shows or whatever is going to be a network eventually never SPEAKER_26: got there this is like i think for that generation will be their vice or hbo could or marvel or disney it could be like their disney like you could go to mr beast world would be packed like if he literally did a theme park mr beast world it would be packed it could be it's like lego right it'd be SPEAKER_50: like lego land so congratulations to him and a great job and and speaking of the gen z's and millennials SPEAKER_253: yeah let's bring on uh rachel for okay boomer all right rachel is here rachel reporting how are you doing SPEAKER_255: rachel i'm doing good how are you right yay how's your life in new york it is good molly made a good SPEAKER_256: point um we were on a call earlier it's definitely getting louder a lot more people are in cars so Jason Calacanis: it's getting colder in new york oh okay like the sound in rachel's apartment is an excellent indicator of both economic activity and weather yeah like lots of people out on the streets and now it's cold SPEAKER_26: so they're in their cars do you have like headphones you wear or a sound machine i used to wear headphones SPEAKER_265: sometimes too bad like sometimes i have an eye mask and i have uh my amazon like plays rain music SPEAKER_129: that's what great is what i'm using now excellent oh like you you have your uh amazon echo play rain music yeah correct even though it's not right now i was getting ready to say your name new york SPEAKER_26: gets freezing cold man there are some that i remember those februaries i would be wearing two pairs of socks molly with the boots and i would be on the subway platform and you're standing on concrete Chamath Palihapitiya: and those socks would last about i don't know 10 minutes and then all of a sudden your feet are SPEAKER_272: frozen solid you get into the subway car and it's 107 degrees it's bikram yoga and so everybody gets in the subway car starts taking off their jackets you're sweating being it out it's freezing again SPEAKER_264: rachel is this gonna be your first winter in new york no last winter was my first one but because of the SPEAKER_256: all-in summit i actually i moved to new york in january and i was between here in new york uh between SPEAKER_276: here and miami a lot so this is going to be my first winter in miami yeah you were like a snowbird SPEAKER_261: okay all right i loved it quite charming in new york quite charming in new york when it's winter you Jason Calacanis: get a nice code and it's my first christmas also right now can we go like i think um i'd like to propose while i have you on camera and you might have to be on the record here can we go like the week before thanksgiving and do a meet up in new york because fall in new york is the best oh it's so SPEAKER_283: wonderful let's do it we'll go to our next game let's do it done sounds good to me i knew this is SPEAKER_256: gonna work who do you got so this week i have taylor bell on she's a business focused content creator and i've been having a lot of creators on recently but i realized that all of them were doing it full time that probably wasn't super applicable um to people listening to my segment of the show if they were young people looking to kind of break into the space or people that were young founders looking to like advertise a little bit more and use marketing tactics for their startups and they're probably not like creating content full-time they're probably focusing on their business so taylor was a great person to have on she talks about being a management consultant Jason Calacanis: while being a very successful youtube creator i love this is no shade on makeup or funny uh making fun of people who buy candles like this tick tock series that went viral but like the idea of a business focus for this content i think is great that's great i love her content i wish there was more i she's SPEAKER_256: somebody who i feel is a great role model for young girls that are really interested in like lifestyles content um i don't think she's like promoting like over consumption anyway if she doesn't talk about management consulting she's talking about traveling overall great creator puts a lot of time and effort in her videos and i think you're right it's a little bit has a little bit more substance uh and like takeaways at least that i prefer in my content just amazing how being a content creator opens so many SPEAKER_26: doors for people now like when i see somebody they've done you know 10 of these shorts tick tocks whatever reels and you're like wow the person has charisma they can communicate it is the new communication platform i was literally on a board call with developers and they're like like when we send people to a text document they say where's the videos and so we're going to hire a tick tocker to explain how to use our dev kit and i'm like really developers want to learn through 90 second videos okay fine i want to watch cooking videos that are 90 seconds that teach me how to make SPEAKER_129: a salad perfectly so i think this new format is here to stay and 90 second to you know three minute content SPEAKER_125: you know tl tldr of youtube videos is here and rachel's got her finger on the pulse as always Chamath Palihapitiya: all right enjoy everybody enjoy all right listen master class is the best way to learn from the world class instructors at the top of their game i love the product so some of the best stuff you can get on the internet including amazing sessions like the greatest shooter of all time my guy steph curry teaching you how to shoot ball handling scoring plus legendary disney ceo bob eiger teaching business leadership and strategy and i recently i love this one i watched chris voss a former fbi lead hostage negotiator teach the art of negotiation what a great course that was and not only do they have these world-class teachers they also have world-class production values that's one of the great things watching this is a delight it's it's like the hbo of education it's like the world-class most beautiful videos you've ever seen it's amazing they have 11 categories with over 150 instructors now and the lessons and they're about 10 to 15 minutes long so they're gonna fit into your busy schedule you should get masterclass you get that great subscription you use it for your family SPEAKER_26: everybody uh you know get smarter together get unlimited access to every master class and as a twist listener you'll get 15 off your annual membership just go to masterclass.com startups once again masterclass.com you know how to spell that that's easy slash startups for 15 off the SPEAKER_256: masterclass annual membership okay boomer i understood the assignment thank you so much taylor for coming on this segment of okay boomer um i got to meet taylor when i was moderating my first event which was super duper cool um i think i talked about it a few weeks ago her along with former guest danny miranda and actually another former guest nato brian were there so taylor's a friend of a friend and i'm super SPEAKER_303: happy to have you on thanks for having me i didn't realize that was your first time moderating you killed SPEAKER_256: it thank you i really want to keep doing them in irl like these irl moderating events um it's funny jason who is my boss and the host of the show um him along with molly wood they both have like moderated irl like events in the past and before kovid that was something they did like a little bit more frequently so now i want to get like on the moderating train i think i think it's really fun SPEAKER_307: i love that yeah following their footsteps i like it right i'm like you know i'm already learning from SPEAKER_256: them so much in podcasting i might as well learn how to interview people um in real life because i feel like it's a little bit more stressful and i don't know hopefully it'll make me a better like eat podcaster at the end of the day if i learn how to do like moderating with like a live audience but we'll see sure yeah you can't edit that so right right and then speaking of editing i wanted to have you on today because you are a amazing youtuber and management consultant and you recently i see it right behind you got that youtube plaque so tell the audience what does the plaque mean SPEAKER_305: the blacks for a hundred thousand subscribers yeah that came in the mail i came in the mail like three weeks after or even more like weeks and weeks after i hit it and now i'm approaching 170 SPEAKER_316: so the growth has been it's just yeah it's insane that is a very exciting yeah dude congratulations SPEAKER_256: so you are very very awesome the i definitely have like a timeline of things i want to go and talk to you about but the big gist of this is we've spoken to quite a few different content creators on the podcast like i said we've spoken to nate o'brien who does investing alongside being a creator danny miranda who does full-time podcasting jules terpak is an amazing commentator and does a bunch of other side projects um way back when we talked to the morning brews dan toomey who's the guy that makes the tick tocks for morning brew he's hilarious and uh we also spoke to ben awad who is a content creator for like computer sciencey kind of things over on youtube and tick tock um and i believe he also is a startup but the only person basically i have not been able to cover is somebody that is a content creator and has a full-time job and i think it's very interesting where we see these influx of young children especially around our age um people maybe that are even coming into adulthood really wanting to be full-time creators and i don't meet a lot of people that are balancing like the nine to five along with it so you're a great example and i want to hear your thoughts how you do it and any advice you have but first things first how did you get into management SPEAKER_305: consulting and how did you get into youtube yeah so i guess starting with management consulting i well first of all to cover kind of the umbrella question there it is hard to balance the two but i'll get into the details um as for management consulting um just the school that i went to it was wharton business school and so pretty much i don't want to put a percentage on it but a very high percentage of everyone that comes out of wharton goes you know rather the finance route the tech route or the consulting route so i mean admittedly definitely hopped on the bandwagon uh even tried my hand at finance as you and i have talked about um for like a couple internships a couple you know summers my sophomore and junior summer realized that wasn't quite for me or at least you know i was interested in the finance space but i'm not sure that's what i wanted to go full full-time in and i SPEAKER_316: figured consulting from what i knew about it did seem to kind of play to my strengths a little bit more you know a little more client facing a little more creative i don't know maybe in hindsight i wouldn't i wouldn't say creativity is like one of the number one things per se but um it did interest me and i SPEAKER_305: figured you know i'd go for it i i interviewed and and i got a job there and so yeah i was at my first consulting job for a little over a year i actually left a few months ago so i've been doing youtube full time uh for a couple months but i do have another uh corporate job and consulting lined up so i start in about a month and it's a tough balance so anyway that's how i got into consulting and then youtube was actually a little more of a less streamlined story um it was during quarantine so for my first consulting job i chose the latest possible start date so that way i could travel after graduating SPEAKER_316: from college you know i had when else would i have that time and then covet hit so i can no longer travel i was at home uh just at my parents house in la and just wanted something productive to do you know ideally a way to make a little money and just you know keep myself busy basically for that full year that i basically had off and so i started flipping clothes and i know it's it's funny SPEAKER_305: i think you're the one who mentioned to me that people who flip clothes there's like a high correlation SPEAKER_330: with them starting a business that is my theory that is my theory and i'm putting a stamp on it i also SPEAKER_332: do reselling i love it i'm a posh cart like poshmark ebay girly till i die i swear amazing that is that SPEAKER_314: there has to be a correlation i bet there is because it is a very entrepreneurial thing like you get addicted to it and so i am i am it's so bad dude totally same here and poshmark is such a SPEAKER_316: great app it's so user friendly i know they take a higher percentage blah blah but anyway that's the side hustle that i started when i had my time off and you know after some time i realized that the way i was becoming a better reseller is through youtube videos of people you know making and talking about brands that sell and and all that good stuff so that's how i entered youtube is through reselling videos and then uh eventually just you know it was a long journey but basically once i got a bigger audience i just started to expand my type of content talking about management consulting kind of the ivy league experience did pretty well for me um you know talking about that in the beginning and then now talking about new york city lifestyle and some personal finance things and good little mix of SPEAKER_256: everything so yeah that's awesome and why do you think it's important to have content creators out there as examples that do also have a nine-to-five job and aren't just full-time creators uh it's a SPEAKER_305: good question it's it's tough balance for sure especially with consulting which is more like a SPEAKER_316: you know 12 hour minimum work day i guess it depends it can be less but my philosophy with so many things i'm now noticing these days is that it doesn't have to be all or nothing i guess in some cases it definitely helps like if i just did one or the other i'd be able to put myself fully into it versus splitting my time a little bit between the two but you know as someone who's risk averse and i talk about this in my videos but i just enjoy the idea of being able to reap the benefits from both so i get my kind of creativity from youtube and learning the ins and outs of like running my own business in so many ways but then with consulting you do have that built-in stability um kind of that built-in social context and definitely some you know credibility within the business world as well and it's like a good i don't want to call it a fallback because it's it's a great job um but kind of getting best of both worlds is just something that i personally value and i'm sure you know setting SPEAKER_343: that example to show that you can do both would speak to a lot of people who kind of probably think SPEAKER_319: the same way that i do so yeah i feel like i hear a lot of people who try to do this talk about on like the risks of burnout are you doing anything to kind of mitigate that and make sure that like you SPEAKER_305: don't fall into that bucket it happened for sure and it still does even though i'm in the period of doing youtube full-time but um you know it for me it really just came down to posting less frequently because you know it's interesting because with consulting let's say you have four hours at the end of the day free it's not in theory yeah there's enough time in the day to do both i could SPEAKER_316: then start filming a video or start writing a video but ultimately if i have literally just four hours to myself i'm not going to switch over like that to to kind of the content creation mindset so i did get burnt out sometimes um but really what that just manifested in was me deciding to take that four hours for myself and and not and not forcing myself to make a video so really just yeah it came down to me posting once every three weeks or are not super frequently plus i also one thing i've also noticed i do is i won't um compromise on quality i know some content creators really really say you know quantity quantity especially in the beginning just throw everything out there i can make an argument for both i've always focused on quality i would say especially in the last like six months so if that means i post less frequently but it's a banger every time or like i hope it is you know yeah um and it feels like i'm really dropping an episode like something something really good that's kind of what i value a little bit more so that i'm glad that goes hand in hand with doing the consulting at SPEAKER_319: the same time yeah no that definitely doesn't it's funny because that contradicts what um a fellow SPEAKER_256: podcaster and one of our friends danny miranda has previously said on the show and he very very well knownly posts a bunch of tick tocks like something crazy like 10 a day like don't quote me on it but SPEAKER_352: something insane so for him and i'm not saying those aren't those aren't quality because he's in a different bucket where that is his full-time role and that's his full-time thing that he's doing but that is such a different mindset where he is more like looking at content in terms of the algorithm and getting in his name out there and you're more looking at it as putting quality content out there um have you ever tried to venture into other mediums like tick tock that maybe favor the SPEAKER_305: that quantity more than quality uh you know i actually i haven't really i've posted a few shorts like short form content and it's funny you ask because i've i don't know if you notice i had one on instagram pop off um it was just like a silly little video a silly video of me sitting right here and then the window i'm on you know very high up in a high rise uh not even a window washer i'm SPEAKER_316: not sure a mechanic of some sort but a guy literally right outside my window and then i just filmed you know me kind of giggling to him and he did a peace sign and it had it has 15.5 million views on my instagram reel which is insane and then on tick tock it's out like three or i haven't checked in a while but three three million something like that it's crazy it just popped up but to answer your question no i've never done it like consistently it's just so that the three i think youtube shorts i've made i put on my instagram reels and i do have it like i made a tick tock just to put them there but no i haven't really ventured into it i know it's a good strategy for growth we've also talked about this but i don't know i can't i can i just haven't i guess really gone into that world SPEAKER_363: too much yet yeah i mean it makes sense for the kind of content that you i actually am a giant i SPEAKER_352: don't know if you are but i was a giant youtube junkie i didn't to be honest watch that much lifestyle um but i did love commentary so i knew for example um jules turpeck who i've mentioned multiple times down in this conversation i knew of her content before even meeting jewels and becoming her friend because i love that style of content where it's just commentary on recent events and things like that i don't think that necessarily translates along with videos on reselling and like tips and tricks and things like that i don't feel like i get that full experience going over to short form content um if you could give somebody advice on trying to create a youtube channel not trying to venture out into different avenues like tick tock what advice would you have for them yeah so i mean the SPEAKER_305: first thing that i always say it's simple it seems obvious but i feel like a lot of people don't even actually do this it's to create content about something you actually are very passionate about because i mean i know it seems obvious but like i mean day one you're just going to quit if it's not something that you actually enjoy talking about yeah so starting there um second would be i actually i have thought about this recently that's where i would start um second it depends on the niche you're in um if you have really searchable content maybe this doesn't apply as much but i posted my first video on my facebook page which you know all across my my personal instagram and all that because i knew or at least i thought that it really wouldn't get any views unless my peripheral people who actually knew me and who would actually watch me would would watch it so i just got like i put it on my facebook and you know people from elementary school and middle school who i haven't seen in so long probably were just like oh interesting and clicked and i got like you know 900 views in the first day on that video which is you know huge numbers for just starting a channel i mean i was happy with it anyway um so i really just not being afraid to to put yourself out there because i know that most people's number one fear with starting a channel is like well it's embarrassing SPEAKER_334: what if this so-and-so finds it it's like your goal is to is you know presumably to grow and you know it SPEAKER_316: could be other other things also if you're just doing it for for fun but if your goal is to grow SPEAKER_305: like ultimately you want as many eyeballs as you can get so anyway just yeah starting with something you're passionate about and then i would say posting across your social media platforms worked SPEAKER_352: really well for me so and like similarly to starting a startup i guess and creating a youtube channel or putting any content out there it is like really daunting to think about like just from a personal stance like oh like what are people going to think um because you really are putting yourself out there and not that many i always think about um when i'm like scrolling through tiktok or from on youtube um and i sit and i like try to like i'm judging somebody's content where i'm like oh they could have done this better and i'm like you know what like how many creators are there versus how many consumers are there like it takes so much to be a creator takes so much to be a founder it takes so much to like start your own venture in any sense um so i i like that frame of reference but what advice would you give to people that are really nervous about having their friends and family see their content and why weren't you nervous question like you putting it on facebook that's a jump SPEAKER_314: it takes that is a jump you're right and and you're right like to your point it takes balls SPEAKER_305: it really does and people don't realize it until they do it um it's easy to you know make fun of someone else that that you kind of sort of know like what are they doing but then uh yeah the reason i guess i wasn't nervous was because i was confident in what i was talking about so it wasn't i didn't start with like a day in my life you know which is fine but like it's going to be a little harder to get traction if no one knows who you are if you're just starting with like lifestyle day in the life content i was talking about something very specific how i got started reselling on poshmark and how much i made in quarantine you know i had these like hard numbers to fall back on it wasn't a huge amount but it was cool it was like you know here's how i made whatever it was 2700 bucks you know just flipping clothes for fun in my bedroom you know yeah i think it's because of that because of the topic and i actually filmed it like three times because the first two times that i i edited it i was like this isn't perfect so i just i think it came down to feeling very confident i would say about the final product um and you know looking back now it's it's it seems silly because i'm so much you know i've come so long so far in my editing and i i would say and you know it was i movie at the time whatever but i just at the moment felt confident in what it was and that it wasn't just you know i don't want to say fluffy lifestyle because i do plenty of the fluffy lifestyle now but i wouldn't have started with that do you know what i mean i think it's because of the topic i felt confident in it um that i just you know i don't really care if other people SPEAKER_381: saw it i want to enjoy it i thought it was cool yeah so yeah you mean the lifestyle you mentioned SPEAKER_352: before like getting more eyeballs i like your lifestyle content because i think you're i think there's sometimes at least when i first saw lifestyle content maybe this was just because i wasn't that into it i was like why would i want to see like somebody else just going about their day but the lifestyle content you make and this is probably true for other people and i just aren't i'm not watching them i like that you have like tangible it's almost like tangible outcomes they're like this is how much i spend on coffee in new york city like yes new york city is expensive this is how like i can afford to live here i really like that because it gives somebody like a tangible takeaway so even though it's lifestyle content it's providing value and that is a really interesting line like to follow SPEAKER_385: thank you i do try to do that that's very very um yeah that's on purpose i try to like even in my even SPEAKER_305: fluffier ones where sorry i'm using that word but you know what i mean like where i'm just walking around new york city and exploring i still do try to teach something or or add in those little you know valuable tidbits in some way shape or form in each video not just because i think it'll perform better but that's honestly just feels more like purposeful to me um i just enjoy it it feels more like an SPEAKER_316: assignment like oh i'm cracking the code on something yeah you know so i just i enjoy it more that way as well i totally get it so yeah the one lifestyle youtuber that i was like obsessed with SPEAKER_352: and i still love is emma chamberlain i know it's like very everybody's knows emma chamberlain at this point she's crossed that uh the barrier from like i feel like influencer to a celebrity she's um now much more than what she was back back in her her heyday i guess um and one thing though that drastically changes like a viewer was her editing style so you really saw her after she took breaks from youtube how different her editing style got and there was even a point when she was way earlier on in her career where you can almost tell she got an editor i don't think she's an editor now possibly a little later on because it does feel a little bit more authentic but there was a point in her content a brief stint where i was like wait a minute this doesn't feel as as real like as i'm i'm really watching emma it feels like i'm watching somebody else's version of emma and it's so interesting as a viewer to to kind of like see that progression you and this is very very evident have been super consistent with editing you were obviously the one that edits your own content um the one reason viewers can know that is because you just have a lot of jokes in there a lot of it's about timing um your videos are really quick paced and like where you're speaking changes like there's a lot of shots being done you're obviously the person editing why have you chosen to keep on editing which is like the hardest part like the most time intensive at least part of creating content why haven't you passed that along to an editor at this point thank you for the kind words by the way it SPEAKER_305: does take a long time and and yeah i do but for the very reason that you just said with emma um i noticed the same exact thing it didn't feel as much like her when it was someone else editing it compared to now when she edits her own videos again um for that same reason you know it's for a couple reasons but this is the main one it's that i feel i don't feel confident that someone else could could i mean of course they have there are people out there who can edit the same way that i do but to teach them to have my same vision to have my same humor to add in those little jokes all those little things because the creativity really really comes in the editing um yes of course i can script little things or i can plan to go to a certain location that i think will be interesting but ultimately it's in the editing where the storytelling really comes in i found and part of it is that i just i love doing it i love taking the ownership over that piece but also because of how incredibly difficult it would be to train someone else it takes time it's probably something i'm gonna have to do um when i'm in the thick of the consulting job again um you know to balance it and but we'll see i mean if i'm not happy with that product then i don't you know i'm not afraid to cut ties there so just to maintain my own authenticity and honestly because of the like barrier to entry with teaching someone else is just SPEAKER_385: so high i feel like it sounds like you've gone through the same thing yourself right you said SPEAKER_352: it was really difficult yeah i had when i was doing my own podcast outside of the speaking startups um it was definitely something that i was looking to try to find an editor for at one point right now i've i've taken a break on my own podcast i think i'd be podcasted out if i was doing both at the same time maybe sometimes in the near future i'd like to like start that back up but right now that would be i think that'd be podcast overkill and um during a short stint when i was trying to do both i was trying to find somebody to edit and it's like i they don't under it's hard to have somebody think like you think because there's certain things that i listen to and i'm like well that doesn't necessarily pertain to the conversation or um that isn't something that my audience would necessarily like you know benefit for like my episodes were always like a certain length too and i'm like you know what this isn't beneficial to the audience like this should be cut out and i think teaching like what is funny content to keep in because it's engaging versus what is something that's just like me blabbering on that doesn't like give anybody value is something that i don't even know if that can like be taught because it's really teaching somebody to think like you um so i have a lot of a lot of uh respect for any creative um again we're talking about another friend nato brian has uh he has i believe um found different people to like edit his content at points in time phenomenal phenomenal everything's really really high quality then again he's not necessarily doing like funny like lifestyle content um but he is uh able to really find that like consistent um person with the same really high expectations and i know that must have been really really difficult and i don't know SPEAKER_385: if all of her be able to do that yeah i know i know exactly what you're saying his videos that are SPEAKER_305: a little more like cinematic where there are drone shots and all that they come out so yeah so beautifully and even i know other like new york city vloggers who do kind of put in those little funny quips that have found editors and and and even the creators say that it's now at the point where it gets edited to the exactly how they would have done it themselves so i guess it's possible i don't know it seems impossible to me as well but uh some people seem to do it i don't know maybe i'll figure it out one day perhaps SPEAKER_319: but it's it's not totally on the radar right now i'm looking forward to seeing uh if one day if uh consulting catches up to you and you're faced with having to having to hire an editor how that process SPEAKER_303: goes um if people wanted to watch your youtube channel uh where can they find you taylor bell just type in my name should come up and amazing and then on instagram i'm you can type in taylor bell SPEAKER_305: as well but it's tay k bell i wish it was just taylor bell but i'm sure you know that was taken so t-a-y SPEAKER_352: the letter k b-e-l-l i i am freaking rachel underscore like no i'm at underscore rachel brawn on everything and sometimes i can get rachel brawn but at this point i'm already underscore rachel brawn on so many other platforms that i gotta keep it big bummer so if anybody is uh willing to give up at rachel brawn or at rachel that would be crazy uh just let me know that'd be crazy that'd be insane anybody on twitter awesome thank you so much taylor for joining thanks for having me this was SPEAKER_46: fun all right everybody thanks for listening making sure on sunday a great show for you on sunday we SPEAKER_01: got more bc sunday school we have a fascinating climate interview it's uh it's all good stuff we're talking climate friendly debit cards just get straight up get paid for making climate friendly choices SPEAKER_211: that's what i'm talking about right now all right you got five great shows this week from this week in startups monday through friday you got your all in saturdays and of course on sunday you got your SPEAKER_26: great this week in startups uh vc sunday school and this week in climate it's been a great week thanks for sticking with us if you love the show you love the effort we put into it yeah rate subscribe whatever uh you know what to do and follow mollywood on the twitter and follow me i'm jason on the SPEAKER_115: twitter we'll see you next time bye