SPEAKER_00: really it's show 2000 i mean it just goes to show you what being too stupid to quit will do you'll David Friedberg: just put up numbers this week in startups is really focused just on tech and it's very focused for the entrepreneur you know we don't try to make this into you know something it's not SPEAKER_03: it's supposed to be about startups and really inspire people to get in the game and and to SPEAKER_06: feature those stories of great startups and the news around them i've tried very hard to keep this SPEAKER_10: what it is jacal 2000 episodes of twist what a monumental waste of time let's get on you though SPEAKER_19: congrats oh it spreads like these this week in startups is brought to you by squarespace turn your idea into a new website go to squarespace.com twist for a free trial when you're ready to launch use offer code twist to save 10 off your first purchase of a website or domain linkedin ads to redeem a 100 linkedin ad credit and launch your first campaign go to linkedin.com this week in startups and brex the financial stack founders can bank on brex knows cash is king for startups so they built a banking experience that takes every dollar further get the business account trusted by one in SPEAKER_21: three u.s startups at brex dot com slash twist 24. all right everybody welcome back to this week in SPEAKER_23: startups i'm your host jason calacanis and with me my co-host alex wilhelm he's alex on twitter SPEAKER_25: slash x i'm jason at mention us say hi at alex that jason tell us what you want on the show tell us what uh you like about what we're doing and here we are uh what's on the docket today well today is a very SPEAKER_29: special episode this is episode 2000 which means that this show has produced enough video commentary SPEAKER_00: to last a lifetime um really it's show 2000 i mean it just goes to show you what being too stupid to quit will do you'll just put up numbers my god it's been 14 years of this and i just love doing it as much today as i did for the first 220 or two episodes so uh wow 2000 that is pretty extraordinary SPEAKER_35: 2000 is a lot and i know that it's a lot because on my last show we got up into the hundreds of episodes SPEAKER_29: i think like five or six hundred and i was on 90 of those probably overall and that was a six seven year project and so i i understand the work that has gone into this so we have a little bit of a celebration today we're going to go over some old clips we're going to talk about some funny moments we have some recent news slight focus on stuff that's more recent but we're going to start by taking people back to the very beginning we have a little bit of a montage put together for you so SPEAKER_37: jason oh nice please enjoy this short intro to all things good in episode 2000 okay here we go i'm so SPEAKER_41: excited to see this hi i'm jason mccabe calacanis the concept here is pretty simple this week in startups what does that mean every week you guys tune in at you stream.tv or this week in startups.com and i have a guest somebody brilliant somebody doing something awesome i interview them we talk SPEAKER_43: about what they're doing we talk about the market we talk about the epic battle that is being an SPEAKER_41: entrepreneur my first guest is a dear friend of mine he's been my partner and my lifelong friend so please join me in welcoming brian alvey the ceo of crowdfusion to the show thank you very much there he is like to be here first first guest i'm jason mccabe calacanis for this week in startups and i'll SPEAKER_51: see everybody at wolverine tonight so very nicely done wow that was so touching that is a a a an SPEAKER_29: overview of everything but we need to really narrow our focus for a second jason and talk about this early intro you had that featured new york city because i want to hear the story behind where the hell SPEAKER_43: this came from all right court hit it here we go today on this week in startups sal khan of the khan academy joins us via skype your place is in the shark tank is it a great concept or just bait and our very own kathy choy is going to read the news coming up right now on this week in startups SPEAKER_62: you can tell it's a little SPEAKER_28: uh dated because i don't think we'd say get off the train anymore no probably not it was SPEAKER_06: a different era 14 years ago one of the producers we didn't have money one of the producers was like i found some i think the that song was either in a stock library found it and uh contacted the rapper and uh they let us use it i had also used um some kanye west tracks and stuff like that and then podcasting started to come up on people's radar yeah at that era podcasting was only at that time SPEAKER_76: um available if you had a pod catching software and an ipod is before the iphone existed this podcast started i think i think it was right before the ipad exists the ipod existed and so they made that and SPEAKER_06: i had just moved to los angeles from in like yeah 2012 or 20 no sorry 2003 or 4 i had moved to la so i was kind of known as a new york guy in la and then um i decided i would do a series of shows this weekend and try to help other people do this weekend style shows like leo was doing this week in tech i was doing this week in startup somebody else was doing legal somebody was doing photography whatever and so i was like oh maybe i'll just get the domain in this weekend and i'll just anybody who wants to SPEAKER_05: do a show will it be like a unofficial network kind of situation but you know the show was the one that lasted the test of time while the other ones got retired if you ever wanted to go see what those SPEAKER_29: other shows were go to twist on youtube click on videos sort by oldest and there is an amazing plethora of content there is this week in movies this week in books there is a huge amount of stuff that i i couldn't go through all of it because there's not enough time but i was impressed at the depths of the archive which jason takes me to uh another clip that we have i want you to explain to everybody where this live show was and your level of pride at having about 30 people come because this shows SPEAKER_28: like you were early on the podcasting front now the all-in summit and so forth but here's an early live show okay here we go a live show okay this is a kanye SPEAKER_82: so let's take a look at the audience we actually have a live audience here there they are yes there SPEAKER_81: they are that's a live audience whoa and uh great you're you'll all get a uh tesla uh delivered to your house so you're all set people like the tesla okay very good beautiful and uh to the people who are in the live chat room you're going to get a tesla too so you can go ahead there and look at that SPEAKER_88: swoopy hair i think that's matt mullenweg right yeah but where was that baby matt mullenweg i have no SPEAKER_75: idea i literally don't know but you know at that time 14 years ago alex and you were in the industry i SPEAKER_74: think at that time right in 2012 ish 2011 2011 just out of college yeah just out of college and you SPEAKER_75: probably it was kind of hard to not know me at that time because i said yes to every single speaking gig i said yes to any invite to a party i think i it was 14 years ago my daughter's 14 so this podcast SPEAKER_76: kind of started when i when i had uh my daughter and who's 14 now so you know at that time SPEAKER_06: i was just i would be everywhere my philosophy was be the brand be everywhere it's an early philosophy of mine so i always were back in the silicon alley reporter days a silicon alley reporter SPEAKER_01: t-shirt in new york then i would wear this week in startups t-shirt just trying to get people to give me some attention to try to get something going in my career because you know i was an up and SPEAKER_97: coming yeah well you don't i don't know if i ever told you this but i actually went to very early tech crunch events when you were still doing with michael irrington yes tech crunch 40 tech crunch 50. so i actually knew about you when i was very little i think probably like late high school SPEAKER_29: maybe just because i was in the audience when you guys were out there kicking off you know the tech SPEAKER_28: crunch yeah isn't that really long skinny building in san francisco yeah it was um that build that SPEAKER_06: building got torn down for apartments but it was the san francisco design center it was just a giant warehouse and so you know at the time i looked at this podcast as a way for me to meet people and i was a tinkerer and i had done weblogs inc the blogging company sold it to aol after 18 months for 30 million dollars with brian alvey who was on the first show and so i went from being this you know journalist to a millionaire um and the only reason i bring that up is because it was very rare at that SPEAKER_11: time i don't care if you're building enterprise sass a verticalized ai startup or the next great consumer app no matter what you are cooking up you have to have a brilliant website it's the first thing that people see or read from your startup and it has to be beautiful you got to make a great first impression people do judge a book by its cover it's that simple that's why we have that expression but since you're building a company you're strapped for time you know that and wouldn't it be nice to have some world-class help how about a beautiful website built to your specifications quickly and easily it's 2024 if you don't already know html css and javascript that ship has sailed get on squarespace and check out their blueprint ai product you answer five questions and squarespace's new ai tool is going to build you a gorgeous website it's so simple it's so slick it's just brilliant it's the future even better you don't need to worry about what's under the hood analytics seo payments memberships e-commerce you can do it all it's all included too so here's your call to action check out squarespace.com twist for a free trial and when you're ready to launch go to squarespace.com twist to get 10 off your first website or domain purchase that's squarespace.com twist and to do a SPEAKER_76: 30 million dollar sale there had been only a handful of those um a flicker to yahoo the the photo sharing site delicious the bookmarking site weblogs inc and you know at that time in gadget weblogs inc and SPEAKER_75: gawker were like two of the biggest things and then mike errington had obviously started tech crunch out of his uh house in atherton and he was very enamored by me and by weblogs inc and the success SPEAKER_06: we had and he was obsessed about the fact that i was able to sell an 18 month company for 30 million dollars he was always asking me how i did that um and i you know i was like just being everywhere and SPEAKER_76: he took that advice and then he said would you do an event with me and i said yeah i have this domain name 20.com let's do an event where we just picked the 20 most interesting startups and we have them show their products on stage we got so many people that it became 40 then 50 and then i wound up selling the 20.com domain name to somebody in china um for a bucket load of money i thought that was my one of SPEAKER_06: my best trades ever was buying that domain name um but that's really how it got started and then you know some of the early episodes mike was on uh and i would do them from uh sequoia my friend ruloff had just started there so there's all these weird episodes early on of me trying to meet startups to get them at the conference and that really is what triggered sequoia to start the scout program and asked me to be a scout it's what triggered uh at the time david sachs was doing um a website called genie which was like do your family tree but then he did uh yammer as a facebook for inside your organization and he said i have to win tech crunch 40 and i said okay and my wife who we were friends socially and uh said he has to win and so i basically coached him on how to win and then he won and then he said you know jake how you're stupid i sold this thing for a billion dollars you were a key part of it you could have angel invest whatever you didn't you should start a fund and uh i started doing the angel investing with sequoia and uh i was the first syndicate on angel list so i kind of realized SPEAKER_75: wait a second i was doing media but there was this investing thing and i had this great sort of moment where i was like wait a second whoever meets the most people and is the most helpful to those people will get first shot at investing and being on their cap table and when that got fused this random act of journalism of experimenting with podcasts because i had done blogging that's SPEAKER_113: where this whole cycle of i said wait a second what if an investor had a blog what if an investor had a SPEAKER_76: podcast now of course that sounds incredibly quaint 14 years later where every vc feels the need to tell SPEAKER_75: you like their position on ukraine and trump and biden and every single thing going on in the world but back then vcs didn't talk they were not available no the concept was to not be available and they SPEAKER_76: avoided the press so yeah it was very innovative at the time to to to merge these concepts and it SPEAKER_29: obviously served me very well early on though the show did have some of its uh tenor that it has today you were at times even early on very acerbic and i i pulled out one of my favorite little um oh no SPEAKER_122: early baby jason riffs sorry about that i apologize for my acerbic nature in the early days of the SPEAKER_43: show here we go this is a message to y combinator companies and hopefuls oh no if you tell facebook about your startup before you reach critical mass and you get involved with facebook in any way you are an idiot they will steal your company's ideas and try to get you to take a small price for your company envision and uh take a job at facebook which by the way is going to be a job that sucks don't do it it's a scam it's a trap it's a trap it's a trap insert star wars clip here it's a trap SPEAKER_129: it's a trap that's pretty funny so what was the context there jason okay so the context was David Friedberg: paul graham had started white combinator was in the early days probably in the first this is single digit cohorts but uh zuckerberg you know had started to become prominent 14 years ago and he said he was going to invest in and that they had a special relationship and you would if you went SPEAKER_06: to white combinator part of going to white combinator was you got to meet with zuckerberg's David Friedberg: team and have access to their api to which i said listen this guy has stolen every idea he's ever done he's stolen do you not see this this is the stupidest thing ever and i kind of got into it with paul graham a little bit this is when paul was actually running the thing and people knew i was right it turned out i was right it's pretty obvious advice but at the time i had a big passion for you know what i felt were some things that were unfair i was also that way about SPEAKER_06: something called coretsu forum where they were charging founders five thousand dollars to pitch at these events to supposedly investors and that was the origin story of tech crunch 50 which became when mike and i broke up became disrupt and then i did something called launch festival and then launch festival became the launch fund so it was actually very it was one of the greatest things that ever happened when i broke up with mike because mike had some dark turns personally but SPEAKER_76: uh it allowed me to soar and not have his negativity and toxicity associated with my brand and then i was SPEAKER_119: able to just really thrive with launch i just find it funny that i've spent a good chunk of my career at tech crunch crunch base and now and now i'm working with you here it's just i feel following in the SPEAKER_29: uh the aftermath as it were um now the acerbity point you being slightly uh spiky with your language is not SPEAKER_35: uh super rare i found this a really excellent clip of you meeting someone for the first time and having a conversation about geopolitics oh so we have somebody in here you one out of the 10 SPEAKER_136: people here in la what's your name yukai chow yukai chow yes it's a chinese chinese from where SPEAKER_138: one oh from taiwan yes well that's not china well it's chinese nationality depends on who you ask yeah SPEAKER_141: okay that's pretty funny actually that's pretty again that's 14 years before people started talking SPEAKER_29: about the issue no no i know i just i i was watching through old things and i'm like i feel like we're having that conversation now about taiwan versus china the national status um but why were you having SPEAKER_148: guys off just randomly coming in on the show from la at the time well okay so back to you know people David Friedberg: right now see me as somebody you know who's at a peak right in terms of networking and my social circle so you got to remember back then you know my social circle was a lot of the same people but we were all starting our careers it was very early in those days so you know elon was an investor in tesla and trying to fix it because martin and the other guy were driving into a cliff and he had just SPEAKER_06: started spacex sax didn't have craft ventures he was doing like i said uh yammer and genie and so SPEAKER_75: and there really weren't that many startups around so i would do on fridays an open call and i'd say anybody want to pitch me their startup i'll give you some feedback come on the show and people would SPEAKER_06: line up outside of my office in santa monica on colorado avenue and um in the order in which they got there we would bring them on air and you see lon harris there who is a producer on all in and one of my dear friends and comes on this podcast to this day just a great human being who have i worked with for two decades now and uh tyler crowley was my kind of body man at the time like chief of staff ish he would travel around the world with me but he would be in the show too because he was an engineer and could do sound and uh he used to do something funny called insights from tyler who would say inappropriate things that would get you canceled and then we'd play a jingle insights from tyler David Friedberg: and the show had a much more kind of howard stern charlie rose hybrid to it and it's different than my style now which i would just say is my own style which is fast talking new yorker you know really uh you know at least i like to think deep knowledge and history of tech and business because SPEAKER_06: as you know how many years have you been john was not 15 15 give or take yeah and so you know when you when you start getting to 10 15 20 25 years of consuming producing digesting debating news man it's almost like getting to year i don't know it's getting to poker hand one million it's getting to SPEAKER_76: playing the song in a band you get your 10 000 hours pretty quick right and then you get to 20 000 30 000 hours you know you basically pick up a guitar and talk about and play any song you know SPEAKER_133: and so but in those early days i was figuring it all out i was trying to be informed trying to SPEAKER_76: trying to keep up with stuff you know and so that led to a little bit of a more and nobody was listening SPEAKER_75: and there were although there were advertisers very early on podcasting at that time was SPEAKER_76: an offshoot of blogging so because i had the blogging company adam curry and dave weiner had worked on this new concept because adam curry was a radio guy and he actually was very influenced by SPEAKER_06: howard sir and he actually lives near me here in austin and he um became known as the podfather and dave weiner created the rss standard which is the standard by which really simple syndication a blog goes out and you can shoot in a blog catcher or you can just you know scrape it into a search engine and all they did was add an attachment and a link to the url of the file and then your rss reader which was a specific type of app back in the day would download that mp3 file and it was awesome because it was magic all of a sudden you just the radio show you were listening to previously was on your computer or on your ipod and it was just like this very magical moment of like you take it for granted now that you know because you have smartphones that are high speed connected we didn't have high speed connections at that time you had to plug it in with a cable download all the mp3s and that could take 10 15 minutes to get your podcasts onto your phone and then you would get on the bus or subway and listen to them and so it was like this very you know low thousands of people low tens of thousands SPEAKER_158: of people were into podcasting and everybody thought podcasting would fail and it would be the end of the SPEAKER_160: world it would never become mainstream if you're a b2b startup linkedin should be your top marketing SPEAKER_11: channel why because the business marketing playing field is tilted against you big companies will SPEAKER_161: always outspend you so your spend needs to be 100 dialed in it's got to be very strategic you need SPEAKER_11: two things right you need the right prospect you can have a good target and you need the right way to reach them and linkedin has 1 billion members of which 130 million are decision makers and 10 million of those billion members are the c-suite executives that really drive decision making and that you want to reach in many cases so linkedin ads gives you that ability to target them with pinpoint accuracy maybe going after cfo cto cmos chief revenue officers so build those new relationships while reaching customers when they are ready to receive a business message not recipes or dance moves and you know what you're not going to overspend here because in the tech market linkedin generates two to five times higher roi return on ad spend than other social media platforms and you're not going to be alone 79 of b2b content marketers said linkedin produces the best results for paid media and that's in a very competitive market so start converting your b2b audience into high quality leads today we'll even give you a hundred dollar credit on your next campaign go to linkedin.com slash this week in startups to claim your credit that's linkedin.com slash this week in startups terms and conditions apply linkedin the place to be to be podcasting has gone through jason several waves of peaks and troughs SPEAKER_29: but i'm glad you mentioned uh the guitar in that last segment because in the next clip we have you doing a talk show impersonation and there's a guitar on the table and a very special early guest oh yeah oh my SPEAKER_167: guys did you feel compelled to start a company at the age of 18 uh i mean i didn't feel like SPEAKER_168: compelled to start a company it was i was tutoring sats the first person i tutored went up by 400 points oh wow i was tutoring everybody in the neighborhood and then one of the fathers said let's start a company ah so i created the course i hired the teachers trained them and did the like 1500 and over SPEAKER_174: course the 1500 and over course yeah so that was just on when it was on a 1600 basis sure 800 800. SPEAKER_29: i love that clip because one you changed your desk setup and had this like news walter cronkite SPEAKER_176: type thing going on there with a weird angle yeah we were just making it up we were literally making SPEAKER_29: it up as we went along well the best part is you look totally ensconced and then there's travis kalanick just sitting there just off by himself um but you had props all over this what was the what SPEAKER_06: was the prop idea like what what drove that you know we decided i decided early on and i'm very glad i did that i thought this might turn into something so i have a system in which i build a project i just imagine it's going to grow a hundred x i'm going to grow 10x 10x and then 10x again and so 10 times 10 100 100 times 10 a thousand you know i just or whatever a thousand times a thousand whatever i just assume that something's going to work out and if it does work out well what would you do differently at the beginning and so one of the things was i said can you just get a couple of David Friedberg: cameras and record this and they were like yeah we can do that but then what do we do with the files they're giant i was like well i don't know burn cds and we started burning cities and i said well let's put them on you stream and then somebody's like do you know that youtube is free and i'm like SPEAKER_75: okay great we can just store those on youtube we'll just store them we'll use youtube for storage yeah free storage because i had no money or i had money but you know i was very conscious of the spending on this thing and so luckily we set up the cameras but nobody really watched on camera because we would only we were doing it live so back to you and i doing youtube live back then we SPEAKER_76: were doing it live so that we could have a copy of it and that's why some of the early versions look very grainy and you you can't tell you know it's like well what's going on here did you record on SPEAKER_31: a vhs tape and it was like pretty close to a vhs tape you stream at the time but also there's SPEAKER_29: different standards i mean back then no one had a 4k you know camera that does video in their pocket with you know built-in like stabilization you had cameras on sticks and cables and tapes and it was more of a craft back then but i was a lot of work to that era because you had another guest on that's been on several times that i thought was fantastic but it does show again this era of uh jason trying to be essentially leo laporte with more hair all right yes here we go you just rattled off the a-list SPEAKER_148: of companies instagram uber twitter how did you close each of those deals how did you wind up being an investor in that cohort i mean there are other investors out there who would kill their grandparents to get that you know investor list what do you probably have not patricide what do SPEAKER_192: you call it when you kill your grandparents i don't know the grandparents if somebody could send SPEAKER_148: that in you that would be helpful but i'm serious like you rattle off these incredible lists of people you've invested in but these other vcs can't get in on those deals how did you get in so early on so many deals like that so you want to take me to each one you want to know how i found SPEAKER_193: twitter please uh evan williams who's been a buddy of mine for a while it was a product i was using i mean i was an early user but evan williams called me up and said hey i'm just closing up the round for this company i got you down for 25 25 okay great 25 hung up the phone and i said to myself i don't have 25 000 i don't have 25 000 like i like it would be incredibly incredibly irresponsible for me to take the the little bit of money i had at the time put 25 000 in what time frame is this 2006 so this is uh 2007 i think they actually did that now i've worked at google but if you know my full biography i lost a metric a ton of money in the spring of 160. and um keep a running tab please i uh i lost a lot of money in the spring of 2000 it took me all the way back to 2005. how did you lose all my money um a trading problem yeah yeah i had a big big levered trade that went upside down i like it how you go oops and SPEAKER_101: by the way i looked about he went 16 million negative wow soccer yeah that's a whole thing they got SPEAKER_06: of you know he had a lot of gamble in him at that time um when you hear me rattling off 160 bucks we used to charge 10 bucks a curse word and we had a swear jar that we put the money in and then i would give it to the producers because i wasn't paying them i don't think or i would just give it to them to go take go out and go drinking on friday night after the show i'd give him the money so chris soccer ran it up and then one time he ran it up so high that we're giving it to charity water and then i didn't SPEAKER_76: have a lot of money at the time he's like okay we owe three thousand dollars to charity water and this guy charity water starts chasing me for three grand he's like you said it on your show and i'm like SPEAKER_210: okay i'll get it to you and i got it to him but it was i thought he was joking i mean earlier on we SPEAKER_29: saw the clip you promised an entire room of people teslas so now i'm very curious everyone received their tesla or was it more like absolutely the funny part about that was i was also very well known SPEAKER_76: uh because i had the 16th tesla and it was the second one in la elon had his i had mine and that was it um there were only a hundred of those made originally the tesla roadster so you know and they were producing one every two or three weeks so when you got one there was literally a website SPEAKER_130: tracking each person who got one and it was you know it was a who's who let's just say uh who got SPEAKER_01: them so i would take people for rides in my roadster so i parked the roadster outside of my office and i SPEAKER_06: would tell people it's there i tweet the picture of it or whatever people would come from all around they would drive there to see it and then i say if you want me to take you for a ride just knock on the door and sure enough people would come by and i would just take them for a ride in the tesla and so there's a bunch of people who are like yeah jason took me for a ride in his tesla back in the day because i was trying to get people to buy them because the company was going out of business and SPEAKER_76: i would be like elon i got another person to buy one this person put a deposit down but thanks jacal SPEAKER_06: and you know that's that's how friendships start you know somebody does somebody really needs SPEAKER_76: help it's hard to imagine anyone needing help but at that time you know the cars weren't exactly SPEAKER_29: moving yeah you know it's a pretty expensive toy and yeah help move a couple of cars that really fits into the the theme that i had when i was watching that kusaka clip is that just tech felt smaller back then it was chris like ev called chris was like oh you're in for my company click and it felt like there was like i don't know and 25 nothing you know nothing yeah uh but it's like there was like you know 50 companies and like 500 people whereas now i feel like there's 50 000 companies and 50 million people which is good to be clear like more entrepreneurship more founders but David Friedberg: he doesn't have that clubby feel to it anymore that they used to know you know and it was so clubby that it was almost like the the dawn of rock and roll or something in that web 2.0 era after dot com SPEAKER_01: everybody thought it was over so anybody working in it who was tinkering in 2004 5 6 7 8 if you were tinkering around that time you actually really dug the technology you were into it right you weren't David Friedberg: doing it for money because there was no money to be had you would have little weird things happen like my blogging company get bought but that was like that happened twice a year you know it happened SPEAKER_06: like you know it was very rare uh that something like that happened and um yeah it was a much smaller industry for sure and then the dollar amounts were very small you know uber's first round they raised like a million two twitter probably raised a million and it was you know 10 angel investors 20 angel investors 25 to 100k a pop you know and if you could and people were getting paid you know i don't know 5k a month draw 3k a month you know it was so different that you know if you would be a developer at ibm making you know 80 000 a year and some startup would offer you to work you know more hours for 60k a year for 5k a month right and that would be an expensive developer at the time developers were 60 70 80k and you just tried to get a developer and an idea and build something SPEAKER_161: hey when founders ask me what corporate card should they use i automatically think of brex that's what i use and when founders ask me where they should store their cash well of course i'm going to think about brex why do i think about brex so much because knowing everything about your money is not negotiable nearly 40 percent of startups that fail well they fail because they run out of cash and 100 SPEAKER_11: of startups can't afford to make financial mistakes we all know that so you want to be on top of this stuff and thankfully brex has built a killer banking experience that helps you take your dollars further and they'll protect your cash while extending your startup's runway how do they do all that well they offer the best parts of what you need checking treasury fdic insurance and they do this all in a single powerhouse account if you need the best because you are on to something big a brex's banking solution is going to get you 20 times the standard fdic protection through program banks and industry-leading yield on your cash and the ability to send money worldwide at lightning speed which given how global everything is now is super important so brex is used by one in every three u.s startups as you know because you go out to dinner with other founders and we talk about it so go get the financial stack that founders trust at brex.com twist 24 brex b-r-e-x dot com slash t-w-i-s-t SPEAKER_29: two-four i keep hearing stories from people in the 90s that were like yeah we raised you know a five million dollar series c and we spent three million of it on servers and i'm like oh well that's a different that's a different era but the podcast jason throughout time has mostly been about startups and mostly about tech but occasionally i think you've actually used this as a platform to get people you like and want to talk to to come talk to you and the next clip i think is a good example of uh just SPEAKER_55: that and if you don't know the band the smashing pumpkins well oh yeah here's the drummer what is SPEAKER_235: it like in the room take me to that moment where you write one of these things or you're playing it SPEAKER_238: you know it's absolutely like that you just know you know uh tonight tonight for instance billy SPEAKER_241: billy woke up in the morning tonight he sat down at the piano he wrote the song it was downloaded into his body somehow you know and his whole thing was like you know he's simply the messenger like he would just he would get that he would get the download he would create the song he would bring it in we literally uh he wrote the song in the morning i conceived the drum part that afternoon and the song was done it never changed i mean it was like how does and then you just you just slap yourself and go SPEAKER_28: what the hell just happened yeah wow that's a great one uh jimmy chamberlain yeah jimmy chamberlain yeah yeah yeah yeah so he ended up founding the company that went in public but you had him on to talk about SPEAKER_06: the smashing pumpkins right i mean yeah i don't know exactly how that one happened i think i was reading tech crunch uh and there was a story about jimmy chamberlain once in a while a celebrity gets associated with a technology company it happens you know a lot of times people in music or film yeah because they're curious people and artistic they see business as a potential like ryan reynolds today or you know uh jessica alba or kim kardashian you know a celebrity might see you know technology as a place to go to play or do something interesting in the world and so when i saw that i was like hey you know i reached out to the publicist or someone's like hey is it we're in town you know i love to meet him i happen to also you know i have grown up on smashing pumpkins and i've seen them in concert many times and i'm a big fan and so yeah you know what i've always wanted to just do the jason SPEAKER_76: calicana show where i could just interview anybody on any topic yes and all in has let me spread my SPEAKER_06: wings a little bit in that regard where we touch on some subjects outside of business and tech unfortunately it's like politics which is not my passion really art movies and restaurant tours and some of those other things i really am interested in travel but uh this week in service became such a juggernaut and was such a passion of mine it kind of i don't want to say sucked the air out of the room but it took up a lot of my time and so yeah it's just the way it is i thought i thought SPEAKER_35: the clip was a lot of fun now the next one we're almost done looking back we're about SPEAKER_29: to dig into the more recent stuff but there was a particular episode and there's um someone's SPEAKER_164: first appearance uh that i think might be worth highlighting so let's run instagram since i moved SPEAKER_261: to at jason has been insufferable because people on instagram are dumb and they just put at jason what's up and my entire feed is not so i just can't use it are you saying that twitter users are more intelligent on average here we go look at these kids absolutely there's a standard deviation of at SPEAKER_268: least one and a half i think it's 10 iq points two of my favorite guests so instagram is like the reality tv of social media yeah but they're beautiful and children it's the miami of the it's SPEAKER_261: not new york it's not san francisco it's kind of like the miami of social media right like that's the perfect metaphor san francisco is like the new york twitter facebook is kind of middle america and that's the miami it's like the beautiful gorgeous no offense to the people of miami you're beautiful and SPEAKER_273: gorgeous but you're you're also very stupid apparently but that's okay yeah you're also very look at that little look at that little boy i think this is going well i love this okay SPEAKER_276: 150 of the audience he's got like two serious journalists are like what have i gotten myself into SPEAKER_261: no no work speaking of insane and stupid oh so we work ip out without that though was uh i think SPEAKER_29: that's episode 969 and if you listen to the audience it's mollywood myself and jason in the old twist studio and it was i think my first appearance on twist so i'm happy to say that i've been around for at least half of the episodes in terms of my first one to now 2000 do you miss that studio jason SPEAKER_281: yeah i still own it uh and it's literally the suite is for sale right now so if you want the old David Friedberg: studio uh it is for sale uh you can go on redfin here it is um it's been staged and cleaned up but that was the office space you're seeing there and then there was a downstairs area um and this is the SPEAKER_06: upstairs we have really tall sailings very beautiful in soma and um it was a giant shell and i was at we were and we were paying like we work had given us a free office when it was just two or three of us but then we needed more because the the venture side of the business was growing we wound up spending six seven and eight thousand dollars a month at we work or more and then i saw this giant loft and you can see this loft is giant it's like over three thousand square feet and this is the downstairs here which has just been set up like as a you know big area but this box that you're seeing here is giant and uh we just set this up uh as you see here as the studio we blacked out all those windows it had a lower SPEAKER_25: ceiling and we were sitting in this corner here where that desk is um and yeah i do miss it because it was a time when people would come to the studio we had makeup and hair we had a you know sir charles David Friedberg: as the producer other producers were there producer nick we had a tri cast so we had cameras and it was just fun to be in person and get those vibes now oh yeah sitting here means i could have you uh from you know providence rhode island or i could be in austin and the show just goes on it doesn't matter SPEAKER_06: where in the world we are so you know there's so many benefits to being able to get guests on this but it also was like i would have guests on them like hey we go out for lunch after maybe dinner that night or go see a warriors game and uh i'm going to be recreating these kind of vibes here in austin i'm looking to buy an event space here like a music venue or a theater or a comedy club or something and in the same way joe rogan has his um mothership where they do killed tony and some of those other shows uh and comedy shows i want to have that for podcasting so i could do an all-in episode or a this week in startups episode or even the jason calacana show if i wanted to do just a you know a jason calacana show where i interview somebody who doesn't fit into those two SPEAKER_29: buckets no i think it's a great i really do miss in-person events but i'm also very glad that because i moved away from the tech center i can still take part i pay a lot of money to go back and just hang out in studio with people and actually see cameras and not look at the same dell webcam you know two hours straight up here um all right but we got to keep moving so you kind of ruined our flow by bringing up david sachs and yammer earlier you kind of took away some of the surprise but here is the very first david sachs appearance and then i want to talk about SPEAKER_124: yammer after this look at these kids my guest today is a really uh good friend of mine uh we've become good friends over the last couple years he's a great entrepreneur he's done uh three pretty significant companies that i know of uh paypal you might have heard of it did pretty well sold to ebay uh then he went on to genie which is doing fabulously which is one of the most sort of advanced genealogy products out there on the market i would say the most advanced in terms of a technical basis god i sound like trump and moving on to 3.0 and of course he was the winner of check crunch 50 this past year uh with yammer which is a business productivity tool which is just awesome that we use here at mahalo and uh welcome to the program david sachs thanks for having SPEAKER_305: me yeah you're back yeah glad to be your uh fifth guest only four four others are more important yes we SPEAKER_124: obviously do that and that but we do it in order of importance right and so uh uh peter tl and elon musk will be the next two guests obviously more important than those guys right um not that entrepreneurs SPEAKER_55: care um i do appreciate the trailer so i have to tell you a story about about that is so funny he appreciates the trailer there was no trailer i what i appreciate about david sachs is that has not changed at all no it's still right still very right yammer so people don't know yammer sold for a billion SPEAKER_29: dollars it was a big deal that was a big dollar amount back then i was working for a tiny little company in portland oregon i was on a whiteboard and i was like what if we took twitter right and we put it inside of a company and you could have like status updates and then you could have a feed but it would only be for your company but it was super cool and i was whiteboarding this out i called it internal twitter i knew it was going to be an internal communications tool and then gets on stage at the stupid tech crunch 50 and i was watching live on the stream womp womp and then yammer won womp womp and then yammer sold for a billion dollars womp womp womp so i've always hated yammer because i was you clearly took you know way late dollars short but it felt like uh david sachs had stolen my uh my really good idea but jason you guys have all grown up since then and so now we have a couple of clips from the besties uh that were recorded just to celebrate episode SPEAKER_28: you're kidding me oh no really oh yes sir here we go we've been working on this all right let's go SPEAKER_10: fantastic jacal 2000 episodes of twist what a monumental waste of time let's get on you though David Sacks: congrats SPEAKER_330: what a monumental waste of time do you do you remember at liquidity this year you guys uh do the uh the SPEAKER_55: all-in show live we do a live one yeah david sachs is like thanks for having us to your grift i mean event i mean event and i was like damn dude that big you're on stage now that's some David Friedberg: pre-stage banter yes yes no we uh we have a long tradition in brooklyn of insulting each other on the porch and when we started playing poker together one of the jokes was just taking the piss out of each other and so one of the charming things i think about all in is that we just take the SPEAKER_281: piss out of each other and don't take each other too seriously uh hopefully and uh have a good time SPEAKER_339: with it so yeah that's very nice that's very kind okay all right let's let's get the other two clips SPEAKER_342: going on here oh boy here we go who's gonna take the piss out of me now hey jaco oh it's private jet SPEAKER_343: i'm calling uh from your pj i borrowed it for the day thank you bro for letting me use it and thank you for all you've done in making the olive pod such an incredible phenomenon it's all you you're an incredible moderator friend entertainer and um honestly i'm just really happy and pleased to know you and really uh wanted to say congrats on your 2000 episode of twist you're amazing bro love you SPEAKER_122: i was waiting for it but i yeah i did lend um i did lend friedberg my jet so that was very nice SPEAKER_101: of me uh jason you don't have a jet do you oh anyways um but i appreciate about that that that that clip was he like kind of forgot to bring about the twist thing he's like i love you man all in SPEAKER_31: oh yeah and episode 2000 whatever it is episode 200 of all in episode 2000 twist what does it matter SPEAKER_29: now there's a there's another bestie out there um mr tamath polyhapatea yeah and he he came from the Chamath Palihapitiya: heart jake al congrats on your 2000 episode of twist what can i say that hasn't already been said um i think you are a tireless advocate and defender and supporter of entrepreneurs and entrepreneurship i couldn't think of frankly anything better to do with one's career i think that you've helped many people who didn't believe in themselves find a way forward to do just that and start something on their own and i think you did that by telling other people's stories investing in them mentoring them it's just an incredible thing i'm really lucky to have you as a friend you have been a part of SPEAKER_356: some of the most important moments of my life many of the funnest moments of my life as well and so i SPEAKER_06: just want to say thank you um and i love you i love you too thank you that made my day um even you know from sacks breaking my chops all the way through freeberg and chamath but uh it is true you know one of David Friedberg: the things you learn in this life alex over time is um can't make new old friends so you know SPEAKER_06: yeah that's yes and so you know cherish the ones you got and just keep building that legacy with them and then at the end of the days what you have ultimately you know in your life is a collection of memories and i think what chamoc pointed out there like when he had i could see it in his head he was like yeah you know congratulations on the work you do but also those we've had a lot of fun times together and so you know i just encourage anybody listening cherish your friends and create SPEAKER_71: more memories with them we're gonna get right back to actual heartfelt stuff in a second but i just want to SPEAKER_29: take it to a completely different direction why the hell isn't all in done around a a poker table in which you guys all have to play while you podcast because i really thought that would put the hammer SPEAKER_06: down and yeah yeah cannot work um i did one episode my friend diego um where we played poker and David Friedberg: tried to do an interview the problem is you have to keep stopping to consider what you're doing and bet sizing and if you're actually concentrating then also there's chips making sound and so oh you know poker is just incredibly long boring periods of folding and predictable with very random exhilarating moments happening every 30 to 90 minutes and so it actually doesn't work but we SPEAKER_06: should do more in-person stuff um and i think we're probably you know i was talking to the boys about doing the election night special again because we did that in 2020 uh even though we didn't get the results that night we're thinking about doing an election night this year and i was like well why don't we just do it in person somewhere and actually we're thinking about doing it around one of our poker tables but yeah you know it's uh having these two podcasts as bookends in my career David Friedberg: you know all in is very political and you know big picture and then this week in startups is really focused just on tech and it's very focused for the entrepreneur you know we don't try to make this SPEAKER_03: into you know something it's not it's supposed to be about startups and really inspire people to get in SPEAKER_06: the game and and to feature those stories of great startups and the news around them and so tried very SPEAKER_28: hard to keep this what it is right and um i think we've succeeded pretty well i think it's very important SPEAKER_29: because focus breeds um clarity of vision and also it lets you kind of stay true to a single train of thought now when you talk about inspiration though the show has had an impact on a lot of people and one thing we did over the last couple of weeks was we had people send in their favorite SPEAKER_97: moments from the show thoughts and commentary from the actual audience outs it's not just your friends and so forth we got a bunch thank you so much everybody we appreciate it jason you're SPEAKER_368: going to love these enjoy i'm barry heptenstall i'm an angel investor and i can say that thanks to you i think i'm well placed to judge the best or the most important episode of this week in startups because i've listened to or watched every single one i just want to say thank you because you've created something really important you sometimes say that you've done random acts of journalism but actually when you do 2000 episodes of something then that actually becomes a body of work i think what you've created is a journalistic masterpiece because you've created a documentary which is an insider's account of nearly two decades of silicon valley startups innovation the power law and all of the other things that we know go alongside that but turning to my own particular favorite i have to choose the episode the first one that you did with alex chew from calm i remember exactly where i was when i was watching that and when you said to alex you were interested in investing i thought to myself oh i'd like to do that too i didn't think anything more of it until a few weeks later i got your email which said that you were doing the first angel list syndicate and i put some money into that yum yum and then i did brilliant with you as well and then i was discovered on angel list by a london-based vc firm and from there i've now gone on to be a venture partner at two different firms and i've invested in more than 60 startups i'm on the board of a bunch of them and it really has changed my life um so thank you very much to you for that to your team and all the guests that you've had over all the years it's been wonderful being alongside for the right for that i wish you and your family every happiness now you've moved to texas and please jason keep doing the work SPEAKER_25: oh my god that was so charming i got a little emotional there uh you know when you do these SPEAKER_06: things in a vacuum you don't know the impact you have on people's lives but to hear somebody's life SPEAKER_05: get changed like that obviously is very profound and uh it's not lost on me that random consistent SPEAKER_06: consistently random consistently random uh acts of journalism or just doing the pod has in fact David Friedberg: changed some people's lives and you know it's one of the great joys of my life is traveling through airports and the reason is you know uh there's other grinders in the airport going back to their families or going off to their you know business meetings and trying to raise money or get a SPEAKER_06: partner or you know hire that new person and uh they stopped me and they're you know so um kind to me SPEAKER_00: uh to say you don't know this but you don't know this but and then i get the but and the but is i met my SPEAKER_06: spouse at your event i met my co-founder at your event i got to invest in com at your event i met this person it changed my life right and so i think it is the power of storytelling you know and just SPEAKER_375: telling these stories of entrepreneurs that could actually in the timeline just slightly just steer SPEAKER_06: somebody towards something they didn't think was possible and um i was having dinner with a friend here in austin who wound up running uber la and then i have a friend josh who ran uber new york they became the heads of it because they saw um the travis episode where he was talking about uber and they thought it was like an interesting you know thing and they came in and um yeah uh applied SPEAKER_05: for the job and then told them i saw you on jason's podcast and he was like really people watch that SPEAKER_377: but you know here we are oh my god that was so touching thank you so much also shout out barry for SPEAKER_37: having great like arc to his delivery like he started here well spoken i very well spoken all SPEAKER_380: right let's hear from sean jackson jason congratulations on episode 2000 and my favorite episode was episode 1703 which was the first time i heard you invest in companies on the air live right then it was such a shock and it was awesome to see those four companies out of founder university get an investment from you right on the air in fact it inspired us to join founder university and can't thank you enough for making it available to us especially the effort of kelly and presh who did a phenomenal job in running it for cohort seven so congratulations again on your success and for SPEAKER_06: episode 2000 oh it's very kind yeah we um we started that founder diversity as a way you know you discover things along the way and one of the things i discovered were there were many more people who David Friedberg: were interested in starting a company then had started one so i could only really engage once they had started one but nine out of ten people who contact me or stop me in the airport you know SPEAKER_06: whatever or listen to the program are on their journey and maybe they haven't started a company yet uh or maybe it's four out of five and you know for those 80 of people i didn't have anything and i created this family university of jackie and and then kelly and press ran it and it's a 12-week course and i said hey come to this we'll teach you everything we know uh and a lot of the curriculum there comes from conversations we have on here so it's a virtuous cycle and then um you know for the other thing we heard was nobody believes in me and i i need SPEAKER_76: my first investor and so we created a 25k check that we are very frisky and we give out a lot of them and um you we just have every week you come to found university there's a little box i would like to apply for 25 000 from the launch fund and i think we've done a hundred of those 25k checks and so for just but 2.5 million what would normally be somebody's seed round we can give a hundred people that starting position and so when i did the math on it and i'm always trying to think of like ideas and most of them are bad but sometimes they stick there's a very important thing in life is SPEAKER_01: to keep trying things um i said well if the 2.25k buys you 2.5 percent in a 10 million dollar startup SPEAKER_06: right uh why don't we just offer it to people at a million dollars as their first investor and we can get 10 bets for the price of one knowing that hey if we're betting on them as their first investor it's going to be a pretty high fatality rate let's be honest and so we'll just make the valuation ridiculously low but make the risk incredibly high and if people want to opt into it they can and you know what 60 70 of people each week check the box yeah so it's pretty crazy um and it's just another example of you know hey you do something in the world you do it consistently uh maybe you could help SPEAKER_05: some people on the margins you know uh build their dreams right and and so i'm i'm proud of that work SPEAKER_29: the hashtag media hashtag america at the end of that one all right uh last clip from the uh audience SPEAKER_393: outside let's hear from matthew kirkus congratulations to jay cal and the twist team on episode 2000 SPEAKER_394: amazing so many great moments of the last thousand i liked when courtland allen came on the show to talk about being an indie hacker and building a sustainable business to support a lifestyle without raising vc but my favorite episode is 1328 with sam lesson of slow ventures because it still highlights the power of the individual but when they can also raise venture capital there's some mention of web 3 which is definitely dated but the power of the individual in a world of ai where we soon see a unicorn that's just a one-person startup leveraging ai makes it worthwhile to revisit sam's approach to investing in individuals once more congrats to the team and here's to another SPEAKER_29: 2000 yeah so that i mean that clip makes me very mad because i was on an episode of twist with sam lesson and i thought oh great i got a shout out so i went back to see the episode that uh our friend was talking about and it was not the one that i was on the same lesson it was a different one brutal SPEAKER_06: brutal um you know sam actually i think does his own podcast now with his wife jessica uh lesson and uh dave morin from slow ventures uh and brit his wife uh all great people and it's kind of like a bit of an SPEAKER_05: homage to all in in terms of it being a quartet but they've kind of taken in their own direction with the fact that it's two married couples that's very interesting dynamic oh man i'm going to listen to SPEAKER_397: that now because i can't imagine it it'll be hard not to not to get a little weird yeah yeah say we SPEAKER_335: get snippy perhaps at times well but they're all in the industry and they're all deep in the industry SPEAKER_06: so it's it's kind of like a couple's dinner in marin uh it's a unique um in that regard and um you David Friedberg: know it's again you have a theme here which is everybody gets something out of you know these conversations it's just different things right so sam lesson might inspire one person it might be SPEAKER_06: travis it might be chrisaka it could be brian alvia everybody might courtland i remember that episode from indie hacker um really great website where they inspire people to just start sustainable small businesses that could become large but you know not on the venture track and so you know absolutely fantastic to see these folks get so much out of it and i really appreciate it's very touching to me SPEAKER_76: um because i am not a big fan of looking back on these things or you know i always put my press clips in a box so back in the day when you would get press it was print by default right there was no online press and so my assistant at the time linda miller um had framed one of the things and i took and i was like oh no and i found a box and i put it in the box and i and she said what are you doing i got that to put it on the wall it's like the first time you've been in practice i said do me a favor every time we get press this is the press box it's in the closet i want you to put it in there i want you to close the box don't show it to me she said what are you not proud of this i'm like i'll give it to my mom i'll bring it to her every year or whatever she can go look at stuff i don't want to think about the press it's a review mirror i want to look at the dashboard i don't want to believe my own press i don't want to get deluded into thinking i'm important i want to SPEAKER_06: work and do the work and the press is so distracting and i had many times in my career where i got too much press and um it was distracting you know whether it was when elon took over twitter or SPEAKER_05: with point uber had its ascension or weblogs inc got sold or when i was doing silicon alley reporter and on top of the world and on charlie rose and in the new yorker those kind of moments come and go SPEAKER_06: uh the work is what matters and so that's why you see that sign behind me that says do the work i haven't put it back up here yet but it will be and it's a reminder not to the audience a reminder to me that all that matters is doing the work just do the work everything works itself out you can control the process you can't control the outcome is another way of saying it and so where does all this go i don't know but i know that i love doing that work and the work has meaning to not just myself not just to you but to all the people who watch and so you know i'm more and i'm really thankful to all the uh producers and editors over the years who put these 2000 episodes together so i just want to say thank you to all of them um brandis gina tyler lon sir charles producer nick and there were you know a dozen other people i can't remember right now obviously court and john right now who have come and gone and done short stints long stints come back and forth um but you know it does take a lot of work to do this work producer jackie of course uh molly who was here as a co-host for a while yourself like it's hard to do this work it can be tedious at times you have to grind it out but um you know and i'm a bit of a i don't want to say perfectionist but i really do care about quality you know as you've seen working with me for a couple of months you know you really uh need to SPEAKER_350: deliver not just for me uh but for the audience right and i think hopefully everybody watching SPEAKER_06: this who works for me sees the impact it has and maybe get a little bit of meaning from it and thanks to the sales team and all the partners over the years and you see mailchimp logos in there linkedin logos in there uh you know squarespace all these people who have supported the show for over a decade and then all the incredible sales people have luke lightning uh you know and now matt and jamie and SPEAKER_76: hannah we've had a ton of other uh executives help sell the the ads and the ads keep the lights on and allow me to hire people like yourself and court and john and bianca and everybody and so it really SPEAKER_06: is a team effort i get probably you know 99 of the credit for all this and i'm probably responsible for only SPEAKER_411: you know 60 of it you know 50 of it uh well i would say uh we didn't show you the the docket things we SPEAKER_29: wanted to be a surprise because you know yeah we've been putting this together for a couple weeks but thank you for the perfect segue into a couple of notes we have from twist co-host throughout the years and i i knew lon was going to be an early but lon's coming right back so here we hear from mr SPEAKER_417: lon harris there's myself hey lon harris here and i just wanted to send a brief video message saying congratulations to jason and the entire team on 2 000 remarkable episodes of this week at startups i remember when we started the show uh it was being recorded in jason's dining room it was being recorded in jason's pool house it did not have the title this week at startups yet we had no idea we knew we were on to something we had no idea that it would go on for this many years this many amazing guests this this much of a legacy uh it's it's truly impressive to see i'm very proud to have been even a small part of it so congrats to jason congrats to the whole team and here's to at the SPEAKER_280: very least two thousand more episodes oh that's a lot of work dude take it easy then it's true there David Friedberg: was a precursor called calacanis cast we did 40 episodes of which was just i would put a microphone on a table and take the raw mp3 and it had ron conway on and evan williams and we don't know where those episodes are we can't find it but oh that's terrible yeah they're lost to time but SPEAKER_74: somebody will find them someday on some website somewhere oh my gosh all right uh next up we have SPEAKER_424: um mr mark sister who recorded his video in a very pedestrian location as you'll see oh wow there's SPEAKER_426: my guy hey jason mark schuster here congratulations on this week in startups episode 2000 uh epic episode 2000 and i have to say here i am at lax los angeles the city that started it all i think you started this week in startups here in la i was one of your earliest guests i think i've been on the show five or six times i would be on 50 times if you asked in fact you and i launched a separate show together this week in venture capital i think we should kick that off again let's do it you are truly engaging that's why people come on your show you ask great questions you educate the audience and being on the show keeps you relevant and in deal flow and i just am super proud to see what you become out of doing all of this congratulations i still regret not doing uber with you you did invite me to the event where it was sourced and uh you did it i didn't so i guess i have to jump on an SPEAKER_432: airplane and keep working congrats jason you rock ah thanks mark schuster that's very nice uh you know SPEAKER_381: he did some guest episodes this summer or yeah when i was out a little bit and uh yeah always great SPEAKER_29: to have great friends like that yeah yeah and now next we only have a couple words i promise we're going to get into the recent stuff but um sonny who we all adore uh known for his excellent ai stuff SPEAKER_437: let's hear from mr sonny mantra jay cal wanted to give you and the entire twist team a huge congrats on 2000 episodes i think very few people understand how much effort goes into getting these you know episodes made producing them um behind the scenes the work editing them and publishing them so to get to 2000 is a huge milestone congrats really happy and here's another 2000 more cheers all right everybody SPEAKER_350: wants me to do 2000 more i guess i'm in for 4 000. oh oh god that's that's you too SPEAKER_442: if they say you're doing 2000 more right now that means i better stretch and sit down in this chair with SPEAKER_55: some real effort um we also have david weisberg from liquidity awesome yeah he's done great he's SPEAKER_446: been a great great asset hey jason wanted to congratulate you on reaching 2000 episodes on this week in startups what an incredible milestone you've had some of the best guests some of the best panels and just the longevity that you've been able to to pull off in the space is incredible and it's been an honor to work with you and to collaborate together and be a small part in that journey and SPEAKER_447: i wish you much success and much happiness in your podcasting journey oh how nice very nice he's also SPEAKER_29: just so well spoken and um yeah we got to move on to the more recent stuff and jason we have gone through the last thousand episodes and grabbed some big pivotal moments in life and you will know SPEAKER_55: exactly what i'm talking about here from i think this march 20th 2020 clip in which we began to enjoy SPEAKER_451: all things total no people who were watching fox in february and into march were hearing that this was a literal hoax and it was a continuation of the ukraine and um uh russian hoax and now the same people are going to realize that listening to fox could lead to grandma or grandpa or somebody with lung disease dying because they went to a party i mean it's not like a joke right no it's not a joke well first of SPEAKER_455: all one i'm a failed entrepreneur and then a journalist let's be super clear about my career absolutely i think that's pertinent to this show people want to know that i've i've SPEAKER_459: you have actually found alex is back yes oh yeah let me know your next idea i gotta check here for you SPEAKER_455: no that'd be a terrible idea uh but on the media diet point i think we're seeing the limits of the uh the usefulness of having the most popular cable news channel that has a large echo effect in american media uh thinking that the president is always correct and we've seen here that they echoed that until the president changed his tune and then they rapidly pivoted like a 180 with zero shame back to my point i mean how the hell can they be so hypocritical and not just go home and cry about what SPEAKER_155: they're doing and we were talking about people saying covid wasn't real at the time yes and i just SPEAKER_101: want to say if you people are concerned why my intro to that segment seemed to be so off base from what SPEAKER_29: the segment actually was it's because we had two clips from that episode that we were debating between and i forgot that we chose the other one um now jason i brought up props a couple times here because you really liked them and um a certain ceo once stepped down from their e-commerce company and you had a very specific way of introducing this let's take a look oh oh my god it's an emergency podcast jeff SPEAKER_467: bezos the greatest ceo of the past 20 years is stepping down i repeat jeff bezos is SPEAKER_470: stepping down a ceo of amazon that's right the head of amazon web services and jeff bezos's SPEAKER_472: longtime right-hand man andy jassy j-a-s-s-y is taking over amazon.com what does it mean for amazon's future what is bezos going to do with all this time and 200 billion dollars or so in equity and is SPEAKER_109: andy the right man for the job all that and more when we get back on this emergency pod that's funny so where did you get the bullhorn that's my question i i think what happened was i SPEAKER_01: was going to be doing a party for my kids and i thought it would be funny since we have a big David Friedberg: backyard if i took out this prop and uh i started talking to them like i was a police officer or SPEAKER_06: you know like a camp counselor and uh boy that was a hit with the kids um and then they got their hands on it and they all started running around yelling and screaming and then you know my daughters would take the thing and it has an alarm button on it so you can go SPEAKER_484: boo and so hey we just go sneak up on their poor mom or me and or the dogs and flare the alarm and oh man the dogs would suffer yeah no it's not not cool for the dogs but i would i cat in my office and SPEAKER_06: then i this whole thing happened and i was like we gotta do an emergency pod so i grabbed it and SPEAKER_335: producer nick and i did an emergency pod about jeff bezos stepping down which did come out of left SPEAKER_29: field i mean i was like what well the uh the the megaphone though made it back in the show again let's take a look at uh megaphone part two here we go okay everybody likes the megaphone it's an emergency SPEAKER_493: podcast robin hood is going public yes that's right robin hood yum yum for jcal has filed its s1 to go SPEAKER_451: public and they are allocating between 20 and 35 of their ipo shares for you that was great that was SPEAKER_101: good for me what i love about that one is how happy amazon ceo set stuff down that is a tectonic event SPEAKER_55: you broke out the same bullhorn for a smaller company going in public so why was that such SPEAKER_335: a big moment for you in the show well i had been an angel investor in robin hood and it was SPEAKER_05: the second biggest win you know of my career at the time after uber um i think some other ones you know on a dollar basis have been bigger like calm or grin but it was still a very big deal and so um yeah i thought i would celebrate it a bit yeah yeah we got to bring the ball back do you still have it SPEAKER_300: i i still have it yeah it's in the closet somewhere you know the problem with it is as you can David Friedberg: see from when i put that alarm on it's so blaring that it actually hurts my ears yeah so i have to SPEAKER_507: like brace for impact when i do it there's no way to be i thought you were just i thought that was David Friedberg: like a like you were acting with the whole no no there is a button on that bullhorn that does the SPEAKER_375: alarm sound and then you press it and you get to talk and it amplifies your voice so it acts as an alarm system to get everybody's attention and you can speak like you're speaking through a bullhorn SPEAKER_29: no no i knew that it made the sound i just thought you were like um you were playing it up with the moving away from your ear i didn't realize it was actually so loud that it hurt well thank you for using the twice thing because one it was good entertainment for me and also uh you deafened yourself now in half your hearing so congratulations to your right ear um there's been a lot that happened in the last thousand episodes one of the things that really struck a a tremor throughout silicon valley and a lot of people's portfolios was the decline and fall of ftx and when ftx uh SPEAKER_164: really fell apart there was yet another emergency pod more props here and a couple of familiar faces SPEAKER_517: let's take a look all right everybody all heck is broken loose with sam bankman freeds ftx exchange molly uh maybe you could tee up as best you can yep this one has happened we're having an emergency Jason Calacanis: podcast for those of you joining us live we haven't been alive in a while it's a double red flag situation i mean you know we're we're gonna dive into this but i think we can safely say that we have this is a hinge event in the crypto economy sam bankman freeds ftx exchange is being acquired by its primary competitor binance after what appeared to be a run triggered by binance on ftx primarily related to ftt if i'm doing this right the currency that ftx created and then now there's this buyout in process where you have two competitors like they just basically fought to the death like godzilla and SPEAKER_117: king kong yeah it was a monumental moment and molly doing a great job teeing it up to our crypto dudes SPEAKER_332: uh vinnie and cindy i i i love that because everyone's clearly going oh what's going on and how did this David Friedberg: happen i mean that one came out of left field i mean there really was no people were talking about ftx as if it was the one well-run crypto company it was the one that was meeting with all the top senators the sec was going to finally have somebody from the ivy league who they could trust who would and yeah how'd that work out it was like i mean it would be like finding out like michael jordan was on steroids SPEAKER_490: the whole time or something you know or peds or lance armstrong well it is like a lance armstrong David Friedberg: type of fact yeah i mean you think about how disappointing and that's for a minor minor SPEAKER_300: you know um a minor sport cycling all due respect to cycling you know imagine that was you know something bigger yeah a sport that people actually watch like what if it was soccer SPEAKER_375: i mean it happened in baseball right and people oh yeah uh and stuff yeah it was like a big deal and so it was it was a pretty monumental deal yeah earth shattering all right i'm gonna i'm gonna bring SPEAKER_29: up another um breaking news clip from the last thousand episodes this is when silicon valley bank uh fell apart and jason you recorded a hostage video for everybody let's take a look and today SPEAKER_529: i'm going to talk a little bit about silicon valley bank shutting down yes that's right if you're catching up to the story this is the fastest moving story i've seen in the history of silicon valley and this could be one of the most impactful stories in the history of silicon valley because so many successful companies and successful venture firms are being impacted by this shutdown and i have not seen this much chaos in silicon valley since the 2008 financial crisis and the dot-com crisis now is it going to be as bad maybe maybe not i think there's an 80 or 90 chance that silicon valley bank is rescued this weekend bought by goldman sachs jp morgan somebody and that everything is uh back to normal within a couple of days or weeks and everybody's money in the bank is taken care of SPEAKER_101: yeah that was such an insane weekend take us back to how worried you were at that moment well yeah i SPEAKER_75: remember being in a board meeting that thursday and this is a company that had tens of millions of SPEAKER_76: dollars in silicon valley bank and i was in the board meeting with mark souster actually who we heard from SPEAKER_75: earlier and we were debating do we take our money out because we had heard these rumblings late wednesday night and i said take half out just ship it somewhere else i don't care where you send it to SPEAKER_06: your i literally told the founder send it to your personal bank of america account so you don't have SPEAKER_177: to open stuff up we'll just write some sort of letter with the attorney that you're not going to David Friedberg: perhaps gone with the money we give you permission to do it sure enough in the meeting the cfo says look and turns the thing around and it says can't access website and i'm like oh my god silicon valley's website is down and their website went down on thursday afternoon while we're on the board meeting and so you know um that just shows you how even the most in the know people did not see this coming um there had been some rumblings about interest rates going up and you know people may be getting SPEAKER_06: caught or whatever and bank runs you know people had speculated about these kind of things theoretically David Friedberg: but um there were some peter thiel founders fund groups that i think had kind of seen this happening earlier in the week and he just said take your money out yeah because he's peter chills peter tail SPEAKER_490: right it's a contrarian so he's just like take money out immediately and so once you know 10 companies David Friedberg: do it and they tell their friends i took my money out a bank run start so if you've never seen it's a wonderful life you can see how a bank run works it literally people run to the bank and the bank runs out of money i don't know which run is the reason they call it a bank run if people are running from the bank running to the bank or the bank is running out of money um and let's face it it's called silicon valley bank so people hate silicon valley they hate rich people it was like well screw those people you know the problem was you know a bunch of like in silicon valley that's like saying i don't know kansas city bank you know or memphis bank it it also represents the bay area so schools small businesses everybody uses silicon valley bank it would be like using bank of america in new york SPEAKER_375: city or you know whatever wells fargo in boston i don't know you know what's popular in different places but um if they hadn't and you know for the shareholders of the company it's a bummer that the company was mismanaged and went to zero for people who have deposits there you know it was kind of SPEAKER_06: weird and then everybody started creating synthetic tools like because there's a 250k fdic protection they started going to startups like we'll take we'll create 10 bank accounts for you yeah and put your 2.5 million in 10 different bank accounts the most you can't you can't lose anything or we'll put 500k in SPEAKER_375: each the most you can lose is you know whatever and we'll put it across six different banks and it was SPEAKER_76: like are we really doing this like we're not talking about all that much money thankfully um they back stopped the government the the you know the the deposits not the equity so all's well that ends well but i did do an all caps tweet that became kind of famous and uh you know i just did the all caps tweet because i was like hey folks like there's two other banks uh at the time i had other folks who were SPEAKER_75: taking their money out of two other regional banks and i said the bank run at silicon valley bank may be over but the bank runs on the other ones are just starting and i was watching it that weekend as SPEAKER_76: like on a saturday people were getting in touch with their bankers at other banks and so yeah it was SPEAKER_375: pretty pretty scary and i just thought to myself well i guess like half my portfolio of startups are going to have no money so i literally started looking at my own i didn't you know i used silicon SPEAKER_76: valley i used silicon valley bank for mortgages um i used them for the mortgage at the studio for a corporate mortgage for that space i bought which you know i weren't part of the reason i bought it was because well i could because i had low interest loans from silicon valley bank because they're friendly to me because you know i'm this notable silicon valley person and that's what they do they they cater to us and um i had a pretty low mortgage there it was like 5k a month and then i was like okay what other money can i get together to give loans to companies impacted so i'm looking at my equities and everything and i'm like i gotta sell some equities or i gotta come up with some cash and i was talking to different board members okay um how much can you put in i could um maybe i'll give 250 000 to this startup you give SPEAKER_375: 250 to this one we'll make payroll in the next two weeks i mean i was talking about doing this with my personal money not just the venture fund because the venture fund was frozen because all my lps SPEAKER_88: are on silicon valley bank so the whole system was going SPEAKER_29: locking up it was pretty scary i'm glad that those people missed it because i i recall reading the silicon valley bank investor note when they said that they were going to strengthen their balance sheet shake up their investments and people weren't talking about unrealized losses on bonds you know and i read that i'm like oh this seems to be pretty prudent you know here they are they're solvent and they're going to make some improvement stinkers and then everything blew up and i was like what did i miss because to me it seemed relatively conservative but i didn't know the massive the madness of crowds and bank runs that was a moment for the ages we're going to look back on that in 10 years and still SPEAKER_547: talk about it so i think so 3000 we'll uh we'll reprise that brother uh okay this has been amazing SPEAKER_29: yeah we have we have just a couple more and then we're going to wrap up i do want to grab a quick moment with sonny madra his ai with sunny demos have been fantastic so to celebrate the partnership SPEAKER_97: here is ai demo number 100. today we're going to hit our 100th demo so that means we've been through SPEAKER_552: a hundred ai companies and amazing that's pretty awesome right that also speaks to the pace of innovation happening that in you know relatively short amount of time we've been through 100 demos and i think we're gonna hit 200 pretty quickly as well so it's very exciting multi-on.ai the way it works is it's a chrome extension it's pretty invasive because you have to give it full control of your browser but it's super powerful and so what i'm able to do book a meeting tomorrow with jason at 2 p.m and what you're going to see it do it's going to kick off and uh you know it can read it to you and it's good it's it's built wow that's pretty crazy holy cow for people who are not watching SPEAKER_559: your browser the room extension has taken over the browser the inmates have taken over the asylum i've given up control of my browser and it's set up the meeting oh my lord yes that was incredible okay i see SPEAKER_101: where this is going wait wait wait wait something just happened we just saw if you're watching the SPEAKER_567: video we just saw jason calacanis interrupt jason calacanis and that jason calacanis interrupt back and cut off jason calacanis ladies and gentlemen the future is the first uh i mean that was like one David Friedberg: of those great moments where you realize and this is why talking about these innovations in real time SPEAKER_490: is so powerful because i i just had this epiphany that like well wait a second how much of my life is mitigated through a browser window yes it's a lot ninety percent of it yeah ninety percent so this thing can go empty my bank account trade stocks book a meeting cancel a meeting send people emails yeah block i mean it could go amok and this is when you're like oh right ai has the potential SPEAKER_577: to be very dangerous and powerful we should be careful with this genie we're summoning yes oh SPEAKER_29: absolutely now you know we talked a lot about you know old shows breaking news events sometimes though i think you just get together the highest net worth people that you can simply so you can commit with your friends so here is a couple of brads and one dude named dara i think here we go yeah SPEAKER_580: this is a great episode hey dara how are you i'm doing great how about you pretty great pretty SPEAKER_584: great looks like i'm i'm stuck on another pod with two lunatics i don't know i was i was asking about SPEAKER_585: this this is a real thing now it's amazing it's an experiment it's an experiment SPEAKER_591: it's an experiment it's just a couple of guys like it's a thing the the bill uh the girly and SPEAKER_434: year is an experiment i love it yeah an experiment uh that made some people very upset i'll leave it David Friedberg: at that but uh yeah we just did a little experiment because brad and uh bill were always on uh fifth bestie kind of role on all in but they wanted to do more podcasting so i said yeah i'll help you with your pod and um you know it uh you know confused the audience a little bit they were like what's going on here and uh you know they've gone on to do bg2 on their own and all ends continue to succeed bg2 is SPEAKER_281: a fantastic podcast i highly recommend it but i was able to uh host the first two episodes with you know those two huge brains uh brad working you know essentially in public and private markets and SPEAKER_490: bill gurley the most legendary or one of the most legendary venture capitals of all time yeah absolutely SPEAKER_29: um speaking of venture capitalists though not um everyone has a name that starts with b some people have a name that starts with s including sarah tabell who came on episode 1983. this is very SPEAKER_600: recent but we loved it yes shout out sarah five temptations of a ceo is like an incredible book every ceo should read it the thing about wanting to be liked is like an achilles heel that we all as humans have it's a very difficult thing to have a lot of these hard conversations and so you have these executives and they are not pulling the company up with them they're being pushed up when you have too many of those it's one of those things that even one executive for too long who's being pushed up with whom we're not having a hard conversation really has these ripple effects that you always look back and wish that you had made a decision sooner and faster brutal he's great i uh you know i'm putting SPEAKER_281: in her into regular rotation i was out for a minute i was thinking about producing a um you know charlie's angels version of this week and startups all in where i would have a couple of women uh and me do like a round table and i was you know i was my vision was like molly sarah you know one or two other women and seeing if i could you know uh make that work uh yeah that's a show on fox that's outnumbered i think SPEAKER_299: oh is it really a show what a great concept yeah i think that i guess uh they picked a a stupider man though which i think limited the appeal of the show now we're going to close off the historical SPEAKER_416: segments with a a guy that it looks like you found him playing guitar on the street let's go so i don't SPEAKER_615: know i've made a lot of mistakes too so i i'm i think if you try and fail as many times as i can you will get some home runs just be like this year number of times you've had the up at bat right SPEAKER_618: i think you're probably a little better than that but i do think there's something to that because SPEAKER_472: you can get high on your own supply that's right very quickly and it's so random in our industry what clicks what doesn't there is so much luck involved you know that's right i'm not sure what your top investment is but i'm what is your top investment and then how did it go down because i'm sure there's some randomness to it yeah i mean if i hadn't seen travis coming out of a party on the embarcadero and said yeah put me down for whatever an uber it wouldn't have happened right like i just SPEAKER_619: happened to be out that night the round could have closed i mean there's my life is filled with SPEAKER_615: these stories like this is this is the story of investors like i i feel like there's the the stuff that i really really sought out which i would say like i would put that in the like like i did a good job at like getting this deal done like i i i went and tracked down jack i had him on my podcast i convinced him to be an angel and square like that was a massive like congratulations wow love kevin rose i was SPEAKER_06: just texting with him and he was had some very complimentary things to say to me and we were just trading some notes and uh i've just always really admired him i tried to buy dig in the early days he had spent three thousand dollars building this website dig and he was up against it and i took him SPEAKER_76: out for sushi in santa monica and i said listen dig is sending a lot of traffic to engage it i talked to mark cuban we'll buy it from you for a million dollars and make it part of engage it i'll give you like a hundred thousand right now and then nine hundred thousand in payments over this time period he almost took the money he almost took the million and then he went and raised the half million and kept growing um and i don't know how much he would have made in our sale or together those combined companies would have done better um but you know i just kevin's just a great entrepreneur in some ways we're very similar entrepreneurs which is we both had a media side angel investing side and building company side and we both pursued our muse which is a really great way to go through life now it may seem a little bit random and his show with tim first called the random show but there is something to a life of trying a bunch of things and seeing what breaks out and uh you know i really do think kevin has done a great job of trying a lot of different things and being fearless yeah and i don't know people remember the wins yeah people don't remember the SPEAKER_119: losses they don't i don't know kevin personally at all but i am very familiar with this old show SPEAKER_29: dignation in fact i think if you go back in time that might really be the impetus for why i wanted to do podcasting originally and uh i think so because i used to watch that show religiously like every single week it would come out i think i watched it on my zune you know in video like this is old school shit it was pretty amazing yeah jason so we're gonna wrap up with a shout out from the team here in a second but i just you know we're episode 2000 now yeah where are you taking the show next man what's David Friedberg: coming up great question you know i i'm very enthused that you're here i would like us to get to two or three days a week of doing the news and then you know um which we've we've started to get SPEAKER_06: into a rhythm we did we had a week recently with two and i really love doing the news with you because you're so well prepared you have such a deep bench just you know similar to molly in that way and um i also want to start doing a live show every week so you know that's sort of my plan is get a couple of news episodes in that's the foundation we talk about the important episodes here and then you know i really love what we're doing the twist 500 that's a big initiative oh yes and i think that that you know the twist 500 could wind up being like the ink 500 in that or midas list where you and i and the team could have a real impact on surfacing the most important companies not just the SPEAKER_76: obvious ones that are private like stripe or spacex i mean they have to be on the list but i'm kind of interested in the the 250 on the bottom of the list not the 250 on the top that hit a unicorn status already i i i want to know about the 25 that are on the bottom those are the most interesting to me so SPEAKER_06: i i think the twist 500 some live events and then us getting into like a regular rhythm with the live news and i really do like the live aspect when we get people watching and you know we're just experimenting with that and yeah more of the same uh more quality uh you know the quality of the show is SPEAKER_29: very important to me yeah well i'm in for at least uh you know my first episode was 969 now we're at 2k so let's do a thousand i'm here for it yeah well the team is behind you and just to send you out here's a couple of notes from the people that you pay and therefore have to say nice things about you SPEAKER_645: on camera of course they do yes 2000 episodes wow i came in at i think episode 454 i do have a special affection for the episodes where jason interviews creatives artists or authors number two for me would be jason's conversation with ed catmell the president of disney and pixar it's an incredible two-parter it will blow your mind if you haven't seen it he had just written creativity inc check it out and i think my number one is when jason interviewed jimmy chamberlain the drummer of smashing pumpkins there it is i have never seen jason this starstruck either before or after and i just SPEAKER_648: really cherish that hey jason we've been friends for 30 years wow that time we've got a lot of great SPEAKER_650: times at the garden watching the next my favorite episode of twist is episode 805 with contraline SPEAKER_653: my favorite memory has got to be the liquidity summit of this year meeting you in person for the SPEAKER_656: first time hearing all of your crazy startup stories and of course meeting with our amazing team SPEAKER_657: it's incredible what you've done and accomplished with the podcast it's actually the reason how i found out about you i started listening to twist six months into it i dropped out of school because i wanted to work for you and you gave me that opportunity and it completely changed my life SPEAKER_658: a memory that has stayed with me about jason is that the day uber went public he was in the office SPEAKER_660: with us working finding the next company the work never stops and one of the most horrifying moments i've ever had working with jason is the day that he walked in the office and we discovered we were wearing the exact same outfit i think i burned that hoodie i started launch because i was SPEAKER_662: and i still am excited about the world of startups there's too many to count awesome memories with the team especially at events that we did you know liquidity angel summit and there's a lot of good twist episodes segments my favorite one that really helped me was vc sunday school when i was getting SPEAKER_664: started as a researcher hey chef i really appreciate you and the entire twist team the launch family every time i think i have a favorite episode we go and we record another and i think that's my favorite and then we record another and i know this comes down to things like amazing ai demos with sunny fantastic new shows and live shows and really strong meaningful interviews and conversations with what i think is important engaged listening with epic guests and finally one of the main ingredients comes down to the world's greatest moderator my all-time favorite twist episode SPEAKER_666: is episode 1403 with doug leone from the world's greatest venture capital firm of all time sequoia capital in that episode doug has two epic quotes that really resonated with me the first was hope is not a plan and he's right and we've all heard you say that as well the second quote was architect your business as you would architect your product one of the favorite aspects i have of working here is that i learn something new every day thank you for the ongoing education your insights have always SPEAKER_673: challenged me to think bigger and to push boundaries and to never settle for less you always lead with such passion and conviction which is so inspiring thank you for investing in my growth and always being a constant source of motivation and hey thanks for always having my back and looking out for me on the SPEAKER_676: poker table i think i started at launch when you were on episode 1550 and the numbers have just been going up and up thank you for being so helpful thank you for putting on awesome events like angel summit and liquidity it's been an honor to help out with those and meet everyone in person your belief that hard work SPEAKER_678: and merit trump pedigree has not only changed my life but so many others out there thank you for being so generous with your time and your knowledge sharing not only here on twist but with our syndicate at launch at founder university you really are such an incredible example of rising tides lift all ships SPEAKER_680: my favorite memory of jason has to be doing an investment team meeting on my second day of work where i was just really inspired by the way he led the team with so much energy and confidence hey SPEAKER_683: jason matt your sales assassin we are all super pumped to celebrate episode 2000 of this we can start us with you i think i started around episode 800 give or take so lots of awesome memories along the way including a couple launch festivals in australia and a trip to the great barrier reef a trip to tokyo with you for tech in asia if i had to pick a favorite episode i think it's the one with brian halligan when he compared building hubspot to the grateful dead marketing model what SPEAKER_686: a legend my favorite part has definitely been getting to hear your vision for founder fridays through twist SPEAKER_688: and then watching it all unfold and now actually getting to be part of bringing this program to life SPEAKER_691: it's been awesome uh your dedication to the startup world has been nothing short of inspiring and i personally owe you a ton from the early days of watching this week in startups which made a huge impact on me and being able to jump from teaching into the startup world and ultimately to work with you to build out founder university your genuine belief in us as a team your passion for helping entrepreneurs and the way that you really pushed all those around you to think bigger aim SPEAKER_694: higher is something i truly appreciate my favorite memory with you is when i first met you at SPEAKER_695: liquidity and i got to learn about all the crazy stories from the beginning days of your investing and launch and the early days of the podcast it would be an understatement to say that SPEAKER_698: this week in startups didn't bring me to launch over the years i've been an avid listener of you jason and it's your drive and your passion for entrepreneurship and inspiring people to take that leap and become entrepreneurs and take those risks and build something of their own that i find really resonates with me and so thank you for everything that you've done on that front and yeah i'm loving SPEAKER_699: the team you've put together here at launch this week in startups episode number two thousand let's SPEAKER_700: effing go what a milestone two thousand episodes just to put things in perspective the cincons have been on tv for 35 years they haven't done 800 episodes is anybody even working over there and of course i remember episode number one featuring probably the very original bestie our good friend brian alvin well 13 years later and here we are so happy to be part of this journey to be part of an amazing team thrilled to share the ride love your brother and that's a real big yes chef everybody gets into the SPEAKER_701: yes chef uh very touching thank you um you'll know that i didn't make you one because i mean you're SPEAKER_101: here i figured no no no no there's a reason for this they told me to i was i was told that i had to participate and i i just ducked it because i figured your head's gonna be big enough SPEAKER_631: after this episode you didn't need one more person telling you that you're cool so uh well i SPEAKER_281: will say in closing here you know this is very touching uh and everybody get back to work SPEAKER_06: that's enough i know when there's uh you know looking in the review mirror i know it's i think it's nice every thousand episodes to look back and um you know very touching for the team uh to hear all that incredible all the you know incredible stories and how motivated they are um you know SPEAKER_376: startups and innovation and entrepreneurship uh really does drive the human species forward and David Friedberg: sometimes you know it's just simple silly little things netflix letting you watch movies SPEAKER_06: uh a little more efficiently than going to blockbuster and then making their own movies and spreading joy and making people laugh or helping them get a car in the rain uh or bringing them some food or putting satellites into space or maybe meditating all of these things are valid pursuits um and entrepreneurship really does change the world and capitalism it's a flawed system and people get David Friedberg: a little political about it um but it's the best system we got and it's worked pretty good so uh you know start a company change the world and uh we'll be here to cover your company your victories your failure uh maybe we'll uh give you some tips on how to maybe help your startup have a better chance SPEAKER_06: of changing the world and that's really what it's about if you haven't joined a startup or started a company or a project don't be scared don't be nervous um you know everybody's a neophyte and then once you start uh you know you'll learn very quickly and that's one of the great things so don't if you if you got that inkling that you want to start a company just do it and we'll be here and uh we're happy to tell your story and and if we can help you on the margins with some inspiration or some tactical strategic advice uh you know the archive's there for you and i'm very proud of that archive and uh yeah don't waste your time watching netflix watching this week in startups if you're a founder all right bye everybody we'll see you soon bye everybody thank you that was very touching and i know you guys put a lot of work into it so i do appreciate it and it was gratuitous and awesome let's do it again next week bye bye