SPEAKER_00: we have a video you want me to react to hit me can you fool a self-driving car this video has only been online for about a day and it has 8 million views already this thing is blowing the hell up okay so what he did is he did a number of tests and he used two different self-driving cars and he wanted to see how much he could do to obscure the car's vision and if he could mess up uh both so here's one of the tests where he's got a mannequin of a child in the road and then he's covering the road with fog to obscure the car's view so here's how both cars did i can no longer see that there's

Chamath Palihapitiya: a kid through this fog yep guaranteed lidar stops guaranteed fsd doesn't also a human is not going to get this right but nobody can see through fog except for it's going to hit it yeah as would a human any of us driving that car would have hit the kid great the endorsement here just before we move

SPEAKER_06: on is i think now every car should have lidar because that as a parent i love to see what lidar

SPEAKER_08: did this week in startups is brought to you by netsuite the number one cloud financial system bringing accounting financial management inventory and hr into one platform giving you one source of truth download the cfo's guide to ai machine learning for free at netsuite.com twist horatio customer experience can make or break your business horatio provides top-tier outsourcing solutions to support and delight your customers so you can focus on growth visit hirehoratio.com twist and get two thousand dollars off your initial setup and lemon.io get access to lemon hire a platform with more than 80 000 pre-vetted engineers that you can interview within 48 hours get two thousand dollars off your first hire at lemon.io slash hire today all right everybody welcome back to this

SPEAKER_13: week in startups if you're watching us on youtube you can see i'm up in the mountains getting my last

Chamath Palihapitiya: weekend of ski in with me of course lon harrison alex wilhelm he's at lon's on twitter he's at alex alex you played in a little poker tournament i say not a poker tournament so i was in new orleans a

SPEAKER_06: while back and i went and played some poker and then i was talking to my spouse and i'm like man i wish we had a poker room near providence and she's like you know there's a casino 15 minutes away and i was like

SPEAKER_17: what what in province i wouldn't played a little uh it was actually one two not one three jason so it was like odd because everyone was playing like it was one five so anyways good times how'd you wind up up or down up 200 uh showed up at 700 table max buying was 300 bottom ones left for 500

SPEAKER_20: excellent did you get recognized by anybody or i do have one little story for for twist from that

SPEAKER_06: session so i'm at the table you know folks right the best thing about a poker table is that you never know who you're playing with people from all socioeconomic backgrounds ages etc and then one of our dealers was talking about her weight loss and shout out to her for that and then she said something that blew my mind she said i've been asking the gpt to recalibrate my diet and exercise at different intervals and then someone else at the table also weighed in and said gpt they meant chat gpt but they didn't have to explain it further yeah didn't get the name right everyone still knew they were talking about so if you're curious if consumers in the regular world you are using ai for cool things

SPEAKER_25: like designing exercising diet plans the answer is yes so shout out my dealer for that excellent

SPEAKER_30: awesome how are you doing lon the big move to austin getting underway yeah coming up yeah less

SPEAKER_00: than two weeks i'll be on the road driving myself to austin i like i'm figuring out all the details now you know gas and moving my internet and yeah logistics yeah i'm deep into the logistics now

SPEAKER_34: so we're at that point you're doing your chores as we say in the business you know everybody's got

SPEAKER_36: to do their chores it's a little stressful i've never moved like state to state like i've lived

SPEAKER_02: in la since the mid 90s so it is a new experience for me like uh you know movers and i'm learning a

Chamath Palihapitiya: lot doing it for the first time awesome well i can't wait for you to get to austin and then uh we're gonna we're looking for a studio oh my god or i say a theater or maybe a used church to put in uh

SPEAKER_32: a podcasting theater to start doing some shows live i love an old deconsecrated church that's

SPEAKER_00: just like what a what like the horror movie fan in me loves the idea that we have to make sure it

SPEAKER_42: gets deconsecrated before we move in though that's how you get hauntings that just sounds sounds

SPEAKER_45: catholic we're protestants here lon come on uh all right let's get to work boys let's get to work what's

SPEAKER_00: on the dock well i did want to bring this up i watched this this netflix movie the electric state last night and i did i did want to briefly bring this up not because of the movie itself not very good but because the russo brothers made it the guys who did avengers endgame infinity war uh that captain america the winter soldier movie this movie cost 300 million dollars to produce now that they've got to pay you know chris pratt and millie bobby brown and all the other actors up front but that's still i mean that is a crazy budget for netflix to be shelling out for one movie it seems to me there was even an interview that the russo brothers did where they were like i don't know why netflix is giving us 300 million dollars to make a movie that doesn't seem like a very good

SPEAKER_52: investment he did avengers endgame etc the electric state it's called yeah it's based on an illustrated

SPEAKER_00: novel it is about in this alternate reality in the 1990s we built ai sentient robots but not like humanoid robots like we think of to be domestic helpers they're all like mascots like disney-fied robots to sell you products and to be like help you out and you know like deliver the mail but in this very like 50s retro futuristic kind of way okay like the jetsons right then those robots rebelled against their human masters there was a war humanity one and then we locked all these robots up in this big like camp in the american southwest and now millie bobby brown and chris pratt have to go have an adventure there i see that's kind of the core setup looks like the uh reviewers hated alex and the audiences love it yeah 75 audience score which is pretty good 14 from critics which is dire only 14

SPEAKER_59: of the critics who watched this uh had a positive review which is not not very good i also not a professional critic was not a huge fan of the movie okay but but here's the thing this is just not for

SPEAKER_06: us like they are not making a science fiction film to create a new franchise i don't think i don't think they're trying to make this money back on you know theatrical release no it's not as good as at all exactly they're also not trying to please the critics what they're trying to do is make something that netflix subscribers in particular are super into and this movie went to number one on netflix pretty much instantly we've talked about things like this in the past jason like who is it actually for and i really do think here that they nail their target audience i don't know if 300 million is the

SPEAKER_63: right number right it's like of course netflix wants to make things that people are going to click

SPEAKER_36: on and want to watch and millie bobby brown's big and stranger things and obviously they have data that people love adventure films with cute characters lots of visual effects big names like anthony mackey's one of the voices giancarlo esposito is in this stanley tucci is in this but i don't know

SPEAKER_00: you could make this for a hundred million dollars and please all of those same people and save yourself

SPEAKER_17: a nifty 200 mil jason do you remember when we did the mr beast how to make good videos document like

SPEAKER_06: six nine months ago he said in that we are not here to make the best videos we are here to make the best youtube videos and so i really do think here that put the money aside they're here to make the best

SPEAKER_67: netflix audience friendly films and it's super popular and the audience loves it so i guess let

SPEAKER_69: them eat cake and they don't need to be efficient because they have a quarter billion or so subscribers i think they're closing in on 250 million that is correct they're about like i like the last time i

SPEAKER_02: checked it was it was circling 240 i think yeah i've always said some one of these is going to get to

SPEAKER_34: 500 500 million and eventually a billion and when you have that kind of an audience you can imagine what your budgets are you don't really have to think about it but gosh i feel terrible like you would think that somebody would be able to take i don't know a hundred million of that 300 million

SPEAKER_73: in fun and indeed exactly exactly cord jefferson the guy who made american fiction a few years ago he won

SPEAKER_00: the best uh original screen or best adapted screenplay oscar this is what his speech was about it's like they're only making 200 300 million dollar blockbusters take one of those budgets and instead give it to 50 filmmakers and like seed the next generation of filmmakers you know that's how you're gonna find the next jordan peele the next russo brothers the next michael bay well i hate to

SPEAKER_64: say guys the netflix model is working so well that it's actually over 300 million global streaming paid

SPEAKER_77: memberships as of the end of q4 so wait wait they're at 300 301.63 as of the end of last year

SPEAKER_80: this is getting incredible the march to 500 million continues for netflix i own the stock it's been a

SPEAKER_00: great performer i'll never sell it oh yeah i mean listen netflix is a great company we all love net i'm not knocking netflix i just the wisdom of making like i feel like they don't need to make these kinds of blockbusters like disney needs to make these kinds of blockbusters and put them in movie theaters and make a billion dollars netflix doesn't need to spend this kind of money people will watch a lot of

SPEAKER_84: different kinds of stuff on net i always thought disney could catch up to netflix it doesn't seem like

SPEAKER_00: they seems like they've stalled out huh yeah yeah i think both 150 max and disney plus i think we thought for a while would be like the the main contenders and it's you know they're they're adding a lot of people they're they're going big but not nobody's catching up to net except youtube well in fact

SPEAKER_64: netflix is sorry so far ahead that it's actually hilarious so disney plus had 124.6 million paid subs at the end of the last financial quarter and that was a decrease of 700 000. so not only is

SPEAKER_88: netflix more than twice as big it's growing and disney plus is is so wow i wonder if that includes

SPEAKER_00: the hulu uh which they own yeah i believe disney plus's numbers are disney plus hulu and dspn plus

SPEAKER_13: i think they only announced them together got it yeah i mean they have work to do they don't do things like comedy right so if they really want to start making this work they should make a run at comedy

SPEAKER_74: but i guess you can't have the disney brand how doing it andrew schultz they've started to they they

SPEAKER_73: used to be very strict about no no disney plus is just family stuff hulu gets the adult stuff now

SPEAKER_00: they're blowing the lights like fx shows now stream on disney plus you could watch shogun on disney plus even this or the shield yeah even this new daredevil series is i haven't watched it yet but apparently it's quite violent and bloody and that's on disney plus and so you know like they've started bend the

SPEAKER_94: rules in favor of getting as many people as they possibly can to sign up doing business and making

SPEAKER_13: deals would be a lot simpler if you had a crystal ball obviously hey if you've got a future prediction startup contact me i'm going to write you a check you're coming to my accelerator but until then one way to future-proof your business is with our amazing partner netsuite by oracle it's the number one erp tool on the market today and it's trusted by over 40 000 businesses for a reason but you might be asking what does netsuite do okay you're at a startup maybe you wonder who is this netsuite i keep hearing about well it's going to take all your accounting inventory financial management and hr and put it into one easy to use platform one source of truth one resource to check for anything you need to know about your business that's going to give you real-time insights and allow you to forecast with the visibility and control you need to make great decisions it's like being a fighter pilot you've got all those important instruments right at your fingertips so you can go fast beat the competition and grow your business so netsuite is going to help you have all that reliable information when you need it founders you're going to need to know about it and a great first step is to get the

SPEAKER_101: cfo's guide to ai and machine learning so speaking of opportunities go ahead and download the cfo's guide to ai and machine learning at netsuite.com twist the guide is free for you at netsuite.com twist

SPEAKER_69: that's netsuite.com twist in other news uh these streaming services are now doing deals we had a little south by southwest event for all in where we had some content creators and samir were there and we had a good discussion with them about the business and it turns out some people for our

SPEAKER_34: netflix is starting to take some podcasting content and put it right on the the service and just paying a

SPEAKER_00: fee for it yes there's a big new new push netflix because netflix is really feeling the heat from youtube youtube has now become the number one most watched streaming service in the us on tvs like it used to be people would watch youtube on their phones and their computers and netflix on their tvs but now that you can pull up netflix on whatever your roku or whatever no youtube on your youtube yeah so

SPEAKER_106: people are just watching youtube on television now and one of the huge categories on youtube

SPEAKER_00: podcasts so netflix is like if we don't have podcasting content ourselves we're just gonna miss out so yeah i think caller daddy they made a deal with her alex cooper to bring her stuff on there

SPEAKER_109: they're slowly starting to do licensing deals with more podcasters because they don't think they're

SPEAKER_53: terrified of being left behind i guess they'll strip the ads out and just pay a fee so zero downside

SPEAKER_69: for podcasters if they get paid a decent amount unless they have some sort of ad exclusive but uh yeah this seems like a great thing for shows and the one that that i think podcasters have learned is they got to keep upping their game so you have to really learn how to master youtube something we really never thought about we just kind of use youtube and video as like an afterthought for the superfans but we're really going to double down on that we had chris williamson who does a great job

SPEAKER_34: and really makes beautiful video and i was talking to andy andrew schultz who was just on all in this week over the weekend and he was saying you got to be in a studio you got to have better lighting and all this kind of stuff so we got to experiment with me talking and reacting to videos maybe in a studio kind of thing as opposed to on just restream and youtube and then i think going live more often is the other big opportunity so many opportunities in content creation and i think the other trend is get an audience then launch a product i know this because i've been talking about this kids investment club like a year ago i talked about like there should be some education i'm just shocked that no high school curriculum exists for investing you know alex you and i learned it a little bit

SPEAKER_96: later in life but it's not that difficult to learn so i bought the domain name kids investment club it's a long one and i put it on substack and i mentioned it it got like 500 people the first time i mentioned it

SPEAKER_69: now it's got like 2 000 people i just looked at this weekend because i did a second message so i decided

SPEAKER_112: i would incubate this idea inside of a venture firm so i'm looking for maybe a teacher who's just really great on camera that i could hire to do the first one and so since i already have the audience i've

SPEAKER_69: got the first 2 000 emails in substack i can just turn it on and say it's going to be 500 a year to send your kid to this which any parent would pay because your parent will pay any amount so if you just think

SPEAKER_96: about it like a tutor a tutor is 50 to 150 an hour so i'm thinking about doing like maybe every two weeks 26 meetings 500 a year what do you guys think do you think i can get a thousand people to sign

SPEAKER_00: up for that yes especially now i feel like culturally it's the right moment where people are feeling more entrepreneurial there's less faith in like old school ways of investing and things to do with your money the idea of teaching your kids from a younger age to be like savvy about stuff like crypto so

SPEAKER_94: that when it arises they can be on it like i feel like there's a real way to pitch this at parents in

SPEAKER_34: 2025 i think i'll just use the substack platform to do it alex you or maybe beehive what do you think alex what platform should i use and what do you think of the idea and would you be willing to give a

SPEAKER_17: talk once in a while oh i mean for sure i'll give a talk yeah of course no worries uh i think it's a

SPEAKER_06: really interesting idea the price point makes sense to me if you're targeting upper middle class

SPEAKER_17: and above it'd be cool to have a cheaper option for folks who don't have as much money but my question jason is just this 26 episodes issues iterations per year that seems actually quite like quite a lot so i'm curious if you run out of material after like 15 because at some point you're doing like

SPEAKER_13: crypto taxes and then that's a really good question i don't know if it should be a course and it just runs in cohorts or i was thinking just you join and you come to the weekly meeting every two weeks maybe there's a curriculum you can go to where you catch up but you just come to the meeting and my idea is kids teaching kids so let's say there's a proctor there and the proctor says okay we're going to go around the horn kind of like jim kramer does on his show he does a

SPEAKER_96: lightning round at the end yeah where people say i have a question you know uber and cyber cabs and tesla and whatever and what about waymo and then you have a kid give their perspective like a 15 year old and then you have somebody like alex say okay well here's the data and they reflect it back to them and then the kid makes the bet and then they get to see over time how their bet did and then the

SPEAKER_34: parents can decide do they want them to actually make real bets or other bets but i want to start

SPEAKER_00: at lightweight i feel like there's a really funny segment here too of you teaching young kids how to

SPEAKER_134: be like a cutthroat investor like i think yes it's got unlimited i think there's a lot of comedy it

SPEAKER_06: could be a video show you know well if you wanted to do it that way sub stack over behind jason because sub stack has i think native uh video support and podcasting support built in so that seems to be

SPEAKER_23: directionally where you're where you're going i feel like this is a sub stack for sure but to your

SPEAKER_112: point alex i will do scholarships for people who can't afford the 500 like you know just offer whatever you can do we'll do a coupon day oh yeah coupon day or just yeah if you can't afford it email

SPEAKER_96: this person explain your station in life and we'll like sam harris does you can just if you can't afford it he says just email me and i'll give you the full pod so it's kind of a little bit of friction but it works okay second idea to incubate when you own multiple homes you have an estate manager you understand lon i'm a state manager for your multiple homes i understand the concept yes

SPEAKER_00: yeah okay yes uh so i'm not gonna need one but i understand the idea okay so if you own three homes

SPEAKER_145: or four homes you have an estate manager they travel between the homes they make sure you know i i've

SPEAKER_34: fixed i don't know in the last five years i don't know three or four heaters you know hot water heaters whatever uh hvac units in three different homes uh so you have this like issue of maintenance of homes

SPEAKER_96: so i was thinking what if you could bring this down to a more affordable level so if you own a two million dollar home or a three million dollar home you would never hire a full-time estate manager that might be you know a six-figure salary so what if you could have a time shared estate

SPEAKER_34: manager you know some places like a ski town like in tahoe here they do have people you can pay 10 000

SPEAKER_13: a year to just maintain your property or you have an hoa yeah so i'm thinking of either in bay area la or austin having one like really kick-ass estate manager combined with say two athena assistants go

SPEAKER_30: to athenawow.com and get a i think a couple of weeks or even a month off really cool product that i'm

SPEAKER_13: an investor in and um then you could have 24-hour service yeah where you know your plumbing breaks and you say hey there's something wrong you gotta leave and they just go to they jump into action and uh yeah they visit your estate your home every 10 days it's interesting because this is already

SPEAKER_00: sort of a job it's like if you manage people's airbnb like that's the i know a guy who this is his job he lives in big bear and he just runs like 12 different airbnbs for different big bear homeowners because they don't live in town uh he's always there so somebody needs you know handyman or whatever and he doesn't do the work he's just there to arrange for whatever people need so but for people like that this would be like a better hike this would be moving up like if you're a very very good airbnb manager maybe rich people would hire you to be their part-time estate manager i want this so

SPEAKER_64: badly yeah like this is a really really good idea because we have a couple of properties in around the area and you know as much as i love driving over to my in-laws a main house on sunday to take out

SPEAKER_06: their bins i'd really rather not do that just to be totally honest and we have a collection of handy people that we use for things we've known them for a long time and so forth but it is a pain in the butt to have so many different people for different things if there was a central source

SPEAKER_166: that could know it and have my keys um yeah 10k done in today's market your business is judged by your customer service we all know that and one bad experience well that customer is likely gone for life and you know what they're going to take it out on you they're going to post comments they're going to get on social media they're going to go to the review sites so stop thinking about customer experience as just a department don't put it in this little basement downstairs it's your entire business let me say that again customer service is your entire business that's the front line of your business it's where you talk to your customers in their time of need and horatio is the trusted outsourcing partner for hundreds of startups and fast-growing companies looking to deliver exceptional customer experiences they provide dedicated teams who act as an extension of your brand delivering world-class support 24 hours a day seven days a week horatio will make sure your customers are happy they stay loyal and they keep coming back for more of your amazing product or service and that's going to allow you to focus on running and scaling your business see why fast-growing brands like built rewards bark which i use and dr squatch rely on horatio to provide exceptional customer service horatio isn't just outsourcing it's seamless integration with your team and the best part their solutions are cost-effective and completely tailored to your business needs visit hirehoratio.com twist and get

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SPEAKER_32: i have one other thought for you too places like where my mom lives my mom lives in a 55 and over

SPEAKER_00: resident like retirement community there are tons of homeowners there they're all elderly they don't want to figure this stuff out for themselves a bunch of them would all go in on a service like this you could probably find 30 or 40 people in one neighborhood uber of estate managers uber yeah yeah you could

SPEAKER_17: i don't know why it doesn't exist well you franchise it yeah well not not franchise it but they do the uber model of having like yeah remember the city teams jason for like different like the chicago team

SPEAKER_182: but you could have one in westport one in newport i'm just thinking right around areas you do a city

SPEAKER_183: rollout you start with places where there are multi-million dollar homes which is any major city

SPEAKER_112: yep and um yeah you just timeshare the asset and then you could then provide it to people who

SPEAKER_96: obviously can't afford a full-time so i met somebody who's like i i went full uber recently because in austin it's just simpler for me because the ubers are pretty affordable there and now with waymo on

SPEAKER_34: uber and cybertaxi coming at some point gonna be really easy to like maybe get rid of your car even

SPEAKER_132: uh and go full uber in austin which people have done in san francisco in new york obviously

SPEAKER_00: people don't own cars in manhattan la is too spread out but i was thinking this too austin's not that spread out especially like once you get your neighborhood and that's where you're spending most of your time like you could probably go full uber even like a like it wouldn't be that hard i

SPEAKER_112: don't think if you're spending a thousand dollars a month on your car and insurance and parking yeah then you're probably right in the zone because if your average uber ride was 30 dollars i'm picking a

SPEAKER_35: medium average so you do some 15 you do some 50 so just say 30. i was getting my uber rides in austin

SPEAKER_24: were cheaper than that i was doing 12 14 ubers it was amazing okay it was 15 bucks to get from my

SPEAKER_183: house to the casino and that involved the highway so let's say 25 uber rides on average oh you know what the thing is i use uber business or black oh that's why oh fancy man yeah yeah i do use that i i

SPEAKER_69: apologize i mean those those uber x's yeah yeah um no i do i do like to save a i like to save a buck

SPEAKER_203: once in a while so i do uber green i gotta be honest i've written every level of uber at this point

SPEAKER_204: it's all like i don't like the carpool one other than that they're all they're all that doesn't there's not still carpool that died during the pandemic oh is there really no more uber pool uh uber pool

SPEAKER_183: in there is some shared rides in some cities they call it something else now yeah they do it from

SPEAKER_00: the airport i don't like that but any any other like an uber x ride fine yeah no problems you need

SPEAKER_96: i think okay so it was let's just say 25 dollars could make it we assume you give a tip or whatever four i always give a tip i always give a nice 40 rides and so 40 rides is not enough for a daily commute right it's just enough for a daily commute so you you're kind of in the ballpark yeah i don't

SPEAKER_06: think the people who are going to give up their their cars are the daily commuters but i think anyone who does not have a five day a week commute is absolutely in this target yeah so if you're three

SPEAKER_189: day a week yeah that would be six that would be only 24 of your 50 rides a month let's say sure yeah

SPEAKER_13: you'd be in the zone yeah good work okay speaking about being in the zone i think we have an ipo filing is that right ladies super happy let's take us through what's happening here this is like the bizarro world i thought it was the end of days uh with the tariff chaos and everything going on but

SPEAKER_216: apparently we have a filing yes we do we have a filing from clarna the swedish buy now pay later giant

SPEAKER_06: a venture capital darling jason saw its valuation spike during covet came crashing back down the earth the company became a cost conscious business kept growing and i'm proud to say that i think you're going to like the financials which i've conveniently pulled up for us so ladies and gentlemen i give you the clarna f1 income statement now if you're watching the video it's a little small so i'll walk you through this time goes right to left in this case so the far right column is 2022 moving forward to 2024 jason what matters here is that the company grew about 20 from 2022 to 23 but it grew faster 24 last year over 2023 while reducing its losses and so much so it actually turned in the equivalent of a gap profit last year i think this company freaking rocks i don't know how to value it but clarna managed to reduce certain costs if you look at its sales and marketing expenses over time they're dramatically down gna down and i'm just super proud of carter for pulling it off and taking the

SPEAKER_25: reins to get this year's ipo cycle finally underway okay now they there's a firm here in the u.s i

SPEAKER_112: remember it was a little controversial i think the founder of a firm uh had seen um maybe clarna at some point and he started his own version here in the u.s i don't know where a firm holdings is at but

SPEAKER_06: that was public right a firm is public it's currently worth 15.7 billion and in the last six months

SPEAKER_96: jason the shares up about 14 okay uh yeah wow that's a big market cap you know we did have a concern that the buy now pay later economy was kind of like a gray market and it was under reported so we have all the this credit card debt now credit card debt has hit some all-time highs yes we didn't know if this was adding like another 10 to debt but you know that is always the concern and i you know i

SPEAKER_34: teed off on one of them i think maybe a firm when they had buy now pay later at the grocery store which i felt was like yeah i don't think we should be offering that as a service just not on a freedom basis i mean people should be able to do what they want to do but i just thought it was not

SPEAKER_101: the right thing for a company to do i don't like that concept of giving that offer to people but you

SPEAKER_64: tell me what you think gentlemen well this is just a chart really quickly of uh kind of credit card and other revolving loans here in the u.s and as you can see we're at an all-time high going up about 1.1 trillion so the consumer in the u.s has been very active jason on the affirm at the grocery store

SPEAKER_06: uh it makes me sad that we would need an installment plan for regular consumers to purchase basic fundamentals at the same time we have seen quite a lot of grocery store inflation lately in the last couple years so i kind of get it but that makes me sad but i do think that if you are offering people a reasonable low fee low interest rate way to access goods i'm not going to complain about that and i

SPEAKER_00: okay lawn go well but the interest rate though i i looked it up because i've not used clarna interest rates ranging from zero percent to thirty three point ninety nine percent so like that once

SPEAKER_36: you're getting into the mid-30s range you're getting a little usurious like all i know anecdotally

SPEAKER_00: there is i i like that show financial audit that caleb hammer youtube show where he has people on who've gotten themselves into serious debt and he helps them get out of it clarna comes up all the time like that it's a very interesting it's a very frequent brand that you will hear people who have a lot of debt who get themselves into debt trouble they they like these kinds of buy now pay later it's not quite i'm not suggesting it's like up to the the the it like it's not like a payday loan where it's like straight up a scammy thing that's trying to take advantage of people but i do think it's like right in the start of that gray area like i don't know 34 interest for people who probably aren't paying

SPEAKER_112: super close attention yeah you're getting into loan shark that very much exactly yeah i think it's no

SPEAKER_13: bueno but you know i i was like almost when i bought my new mac it was like or yeah i was gonna buy a new ipad or something and replace the other one and it was like would you like to pay like whatever over two years or four payments and it was no interest and i like when it's abstracted and it's

SPEAKER_242: on the side of the retailer and they're taking it out of their cut founders let's be real finding great developers is hard it's like one of the hardest things you have to do in our industry especially when you're trying to run and scale your startup but here's the good news i got a tip that's going to save you time money and a ton of headaches you need to check out lemon.io lemon.io has thousands of on-demand developers who can help you they have done all the work to find and vet great developers who are experienced who are results oriented and who charge competitive rate great developers we know are hard to find and integrate into your team so lemon.io will handle all of that for you they're only going to offer you handpicked developers with at least three years of experience and if something goes wrong lemon.io will find you a replacement developer asap a bunch of launch founders have worked with lemon.io and they have told me they've had a great experience so here's your call to action go to lemon.io twist and find your perfect developer or an entire tech team in 48 hours or less and twist listeners get 15 off the first four weeks so stop burning money hire developers smarter visit lemon.io twist so i did see one of the teslas now it might be the model

SPEAKER_96: three they're offering like zero apr and i was like how is that possible it's like oh i think they're eating the interest it's the model in order to move cars yeah it's the model three so that's like super compelling uh so if it's done on the side of in a high interest rate environment it's kind of a win

SPEAKER_69: for consumers to pay over four because if you have money in the market you would be making money but i

SPEAKER_96: guess this is going to a class of people maybe we don't have that i'm not crazy about the category i

SPEAKER_00: was about to say yeah well that's the other thing they set the credit the interest rate based on your credit score so it's another one of those like it's more expensive to be poor like if you've got a great credit score you could probably get in a lower interest rate if you've got a bad credit score meaning you need clarna services more that's when they're really going to nail you who's going

SPEAKER_189: to get like a big hit out of this i know sequoia was like the original investor and michael moritz was

SPEAKER_64: on the board yeah so sequoia is the largest outside shareholder mentioned in the filing 78 point i think

SPEAKER_06: it's uh 8 million shares wow then there's heartland which it turns out is like a holding company owned by this danish billionaire anders hulk polsen i had to google him and turns out he owns a castle in scotland shout out to him okay uh 37 million shares a former co-founder of 31 commonwealth bank of australia 19 million and that's it and so this company jason has raised a lot of money over time and its investors aren't showing up in the five percent and above threshold apart from sequoia mostly so i'm curious if they didn't buy as much as we thought or if there's been more secondary transactions reducing external stakes over time but this is going to be a big win probably for at least

SPEAKER_112: sequoia i think this company also had some challenges along the way who knows if they had a down round flat round or you know some other things occur but um you know it does look like this is another one of the situations where sequoia had to you know invest multiple times either to save the company or opportunistically and that's been one of those great things there it is corners valuation plunged 85 and i think they had a hard time raising money and so those down rounds can be brutal that's the big founder lesson here and the other big founder lesson is sell as you go so i hope the founders sold at those incredibly high valuations 10 20 of their holdings always my best advice is to sell 10 you know when you get to that half billion 250 million 500 million if somebody owned 40 as a co-founder it's not going to change your life to go to 36 and then go to you know whatever it

SPEAKER_80: is 32 if you sell 10 twice and it will put a floor in and protect you and your family and get you

SPEAKER_06: diversified so but jason we have talked so much on this show about companies doing more with less using ai for automation and clarna has been a poster title of that so the thing that i was really curious is how much money did they spend less than before and in 2022 sales and marketing costs 531 million in 2023 381 and last year when growth re-accelerated at the company 328 million so consistently more efficient and that to me is the story here you guys are right usury is dickish

SPEAKER_17: fair enough but from a purely capitalistic perspective there's a lot to like in this clarna f1 and now i feel like a super villain lon what are you doing here making me feel guilty

SPEAKER_00: listen i'm not saying people need loans you know like people like their service i'm not trying to say it's a bad company or anything but it does that interest rate gives me pause like you should

SPEAKER_88: what is this this week in generosity no sir this is this week in capitalism that's very high that's

David Friedberg: that's a lot of interest all right there's a bunch of trends going on you know i always ask you guys

SPEAKER_40: to look out for some trends any trends that startups should know about here i was uh reading a wall street

SPEAKER_00: journal piece for last week that i thought was interesting on this uh marketplaces are starting to rip off social media features instead of amazon timu the the sites and the the locales that you would think of as being the primary e-retailers that everybody was looking to for inspiration so yeah they mentioned ebay wayfair thredUP etsy they're all introducing features that are reminiscent of pinterest instagram tick tock where it's algorithm based personalization like trying to just show you hey based on your purchase history we bet you're gonna like this stuff and then scrolling like infinite scrolling through feeds as opposed to people our age we got used to the sort of hunt and peck search browser mode where you just type in like i'm looking for blazers and it's like here's page after page of blazers this is more like an infinite scroll like we're just gonna show you blazers and

SPEAKER_66: you're gonna flip through until you find the one you like alex this makes me really sad so yesterday i

SPEAKER_64: was talking to my my spouse about instagram and she was discussing how it's really strange that she

SPEAKER_06: doesn't see any posts from the people she follows anymore it's always stuff that's been kind of chosen crazy yeah yeah everyone wants to be tick tock and to me it's a real bummer as a hashtag creator that people who choose to follow me are are instead of being attached to me in some way are simply being fed from the same pot of slop and so i i think ultimately lon this is a trend that's real and totally valid for reporting on but i would also say i don't think it's going to be a net positive for these brands long term because i don't think you can ever get better at knowing when someone wants

SPEAKER_64: then quite literally what's in their own brain maybe i'm old but that's my take it's kind of jarring

SPEAKER_69: because i really do want to see my friends and family and like specific brands and companies

SPEAKER_13: and restaurants on instagram and i don't see them anymore but i do see them showing me ski videos videos from japan and bulldog videos i get it that's what the explore tab is for is there a way to like

SPEAKER_268: stop the algorithm on instagram and just follow your followers that's a great question i believe there is i think you can change your where did zuckerberg bury it because i want to make it the default

SPEAKER_270: it is in the settings but you have to go through and very you find it you can reset it from an

SPEAKER_162: algorithmic feed to just show me the most recent post from the people i follow the one thing about

SPEAKER_00: instagram too and its algorithm is it's way too sensitive if you click one thing it's like oh you

SPEAKER_36: love this like i i sent around that sandwiches of history uh channel that i like that's a great

SPEAKER_00: account yes and now you're sammy's all day love barry but right now it's it's constantly like people making sandwiches or people making sourdough bread and it's like i'm not really like

SPEAKER_183: hing sandwich i just like this one guy so once again zuckerberg stole somebody else's innovation

SPEAKER_112: and took it too far yeah it's brutal i am really trying to lean into instagram to figure out how it works but i also think we're hitting a tipping point here for content creators where you're gonna have to make a decision are you creating to get on the for you page which means you create 200 pieces of content 195 of them are one percent of you use and the other five are 99 of your views whatever it is

SPEAKER_96: you know some power law and then what that means is all this art and everything and all your effort is not going to subscribers and you're not building a subscriber base you are literally just trying to game an algorithm and so then what people are doing is it's always like hey who can i get into the related videos what do they call the related videos on youtube related tab yeah yeah the third column if you will the right hand rail so now all these content creators are creating for that and i gotta tell you it it loses the soul i like to create for the subscriber i consider the subscribers on spotify apple and other rss feeds or youtubes that's the audience who i wanted to like the people who are in the

SPEAKER_13: this week in startup subreddit that we started those like real hardcore people and you know you're gonna have to make a decision are you you know pandering to this algorithm and then losing your soul as a content creator i think it's the worst thing you could ever do because you will have no grounding there's nothing that you stand for it literally would be like a musician just playing jingles like you're literally making little jingles for an algorithm and you're never gonna write you know

SPEAKER_69: the wall or it's turning everyone into the equivalent of a cover band correct you're just doing covers and so it's garbage i hate it um i'm going to fight against it and just try to make original content

SPEAKER_286: what else do we got one more trend i want to throw this in before we move on so we had uh roy uh was

SPEAKER_17: roy lee who was on the show the other day the former columbia student roy lee the former columbia student who was coming in to twist from his columbia dorm room who knew what that was gonna be happening yes

SPEAKER_06: anyway so there's a new trend out there uh this is a little excerpt i pulled from cnbc essentially the problem of people cheating on remote technical interviews has become so big that sundar pachai has said this earlier this year that hiring managers are considering a return to in-person job interviews the trend is not just rto friends if you want to even interview you now must show up on site so get your southwest points in place and fly yourself to mountain view i mean if you

SPEAKER_96: want to live the delusion that you're that remote work is here to stay unless you're an elite high performer like alex it's not happening i'm just letting people know i today was in our hiring room and i said the next three researchers only in austin only at the headquarters anybody who is an extremely high performer ehp i told this to the team we're moving to austin we're gonna have a headquarters i'm going to grandfather everyone in it is now up to you if you want to keep that job and not have it go

SPEAKER_131: to the new home office where i can mentor people young folks people who are you know maybe not as

SPEAKER_96: seasoned as alex you have to be an ehp extremely high performer you have to have the ability to write a start of day end of day and of course the end of week aka what did you accomplish last week

SPEAKER_298: trigger warning five things perhaps justin is that what i mean i don't i don't i never put a number

SPEAKER_13: on it but i did create the sod eod s of week start of week end of week and elon has it as well i mean it's not like this is some crazy innovation but if you want to work at big tech prepare to be in an office and yeah i think a hundred percent you should start interviewing in person yeah and start enjoying as a young person being in an office socializing and being mentored and being near the locus of power so that you can advance your career i know it's dope to work from home in your underwear i am wearing sweatpants right now me too you know i'm skiing this week is ski week but

SPEAKER_112: i'm also working but i too you know i could retire i could retire 10 15 years ago i too want to be back in an office you need the mentorship you need the opportunity if you're a young person if you're an old person and you want to take care of your parents an older person experienced person an extremely high performer sure work from home if you can get it oh yes but also keep in mind that jason's

SPEAKER_67: ehp setup here is probably going to be the the norm i think and what that means is at sunday at

SPEAKER_297: 9 52 p.m you're going to be doing a podcast yeah so it might happen hi everybody it's late it's like

SPEAKER_305: you got to go to your spouse and be like hey uh you know i got a remote job it pays well i literally

SPEAKER_64: told her i'm like sorry i'm actually working tonight jason has a blizzard we're doing your show and she

SPEAKER_305: just went okay yeah i mean she gets it you you're at home with two kids you i mean if you have to

SPEAKER_13: change a diaper or the nanny doesn't show up you're good lon i'm trying to get more discussions going on here on the program so i asked you take a look hacker news reddit threads twitter wherever linkedin even and let's find some really great discussions spicy discussions places where people are arguing let's see what they're arguing about that what they're debating and let's have uh extend

SPEAKER_96: the conversation here by the way i have not seen this so this is part of the fun of it this was posted

SPEAKER_00: this week to r slash entrepreneur do millionaires need to wake up very early in the in the morning so the op here he's wondering or they're wondering if the key to success this is very personal is waking up early and having a morning routine they're considering options like early morning workouts even ice baths to get themselves going in the a.m this is apparently a big hang up for them in their path to being an entrepreneur so jason what do you think if you want to be a millionaire one day do you need to start waking up very early in the morning and if so what time no that is not the

SPEAKER_13: qualifier that is i think fool's gold you should figure out what works for you some people are really good their rhythm is at night i'm one of those people have always been that way um so but i do think sleep discipline is super important so there's two things being discussed here one is discipline around routine the other is being a morning person does that correlate with success i think being a morning person correlates with being disciplined if you're a disciplined person and you can go into an ice bath this is not causation it's correlation the correlation is if you can go in an ice bath i did it somebody gave me one of those ice baths for free you know and i i traded some advertising with them it was awesome it wasn't for me i didn't like the pain of it and i was like this isn't doing much for me so after doing it 20 times i was like okay great i don't think this does anything for me

SPEAKER_96: but it does take discipline to stay in that water and i noticed disciplined people like a joe rogan is a disciplined person obviously you see him in martial arts right what joe rogan says about the

SPEAKER_312: ice baths is it gives him a win first thing in the morning if he can stay in the ice bath

SPEAKER_00: mentally he goes i beat i conquered the ice bath anything else today i already did the hard the hardest thing i can face anything else today because i made it through the ice bath that's the joe rogan

SPEAKER_13: i think being ruthlessly efficient and understanding where to put your time is the key to being successful and being a millionaire it also means you have to have a plan and take risk those are the more important things so i would worry less about this correlation that we see with some people are extremely disciplined and they like to get through stuff and then just say well what is efficient for you and i've seen people who are like this who take the pills who do the walk who eat the egg whites who do this and they never become millionaires but they're super disciplined because they don't have the other piece which is taking intelligent risks knowing when to shut your company down start a new one make an investment and they don't take bold risks they don't sell their companies they don't have ownership or equity you know in anything that's really like the um the thing this person should be worrying about but i understand a young person coming into it and seeing tim ferris and hooberman and everybody talking about these things now i also do optimize for my physical health and i think there are four things to focus on in that regard as a foundation number one is your sleep discipline that's number one for a reason and you know brian johnson agrees with this a lot of other people do if you don't get your sleep right you're going to be a mess the next day sleep consists of like sleep discipline which means not eating two hours before bed from what i understand using an eye mask having it blacked out not having noise all this stuff and then once you've got sleep down and routine is also critical so go to bed about the same time and wake up about the same time even if you're a little groggy one day at 8 a.m if that's your wake up time or 7 a.m or 9 p.m just 9 a.m get up at that same time if you fall asleep at 1 a.m instead of 12 or 11 forgive yourself but keep the wake up time number

SPEAKER_112: two diet and exercise is two and three for me get those right eat healthy and get a little bit of exercise in again your focus is going to go up your mood is going to be great and then meditation

SPEAKER_96: sounds crazy but people who meditate lower their anxiety and they have great ideas i have some of

SPEAKER_34: my best ideas when i'm meditating after i meditate i will then take out my notepad and i'll write a couple things in my apple notepad boom every time this is a great segue to actually another one of

SPEAKER_64: the things that lon dug up for us this is from i think the entrepreneur subreddit as well lon but it's from someone who works uh quite a lot but it's trying to figure out why they don't feel good about it and they're talking about some days working four or five hours some days working you know from 9 p.m to 5 a.m and jason it sounds like your advice to them would be have a more consistent routine

SPEAKER_52: and that will help you limit brain fog burnout and so forth and prioritizing and being ruthlessly

SPEAKER_00: efficient they're trying to work 55 60 hours a week but they're getting burned out and part of their problem is that they're working this odd schedule four to five hours some days making up the difference with all-nighters that sort of thing i think it's fine to work 50 60 hours a week or so

SPEAKER_197: when you're running your startup at a certain point you'll have diminishing returns if you're not sleeping if you're not seeing friends and exercising so right obviously you're not going to have a balanced

SPEAKER_112: life as a founder but you don't have to be like a hero and work 16 hour days that's actually going to work against you what you need to be is ruthless as an example delegating i got two gentlemen here one of them did the s1 or the f1 for klarna the other one found these great stories to comment on i didn't have to do that they teed up i respond that gives me some of my time back i now have an athena assistant go to athenawild.com get some couple free weeks and i set two of them up now so i have two eight hour overlapping by one hour assistance 15 hours a day working with three or four executives what they do they pre-sort my email box now so they go through my email box and they say this is a startup pitch and now i'm having them give that to somebody on the investment team okay this is a pr person

SPEAKER_96: emailing me they're blocking that person okay this is a receipt put into the receipt folder so now you know i don't have to do that that saves me a half hour a day so i'm constantly looking for add i wrote a blog post about this automate delegate deprecate what can i stop doing what can i automate what can i delegate be ruthless about that what is the most efficient thing you can do drive your career

SPEAKER_112: forward for alex it's coming on this podcast or doing an email newsletter for a lot it's finding

SPEAKER_13: great content to come on here or great social media everything else is chores try to get rid of the chores so you can do the actual thing the actual thing in a startup is the product hiring a great team and demanding excellence for them that could be professional development could be firing somebody it could be any number of things and then obsessing about your customers if you're not doing those three things like every day and often something's wrong you guys look at me now like how much time do i spend on professional development explaining to people how to do things better showing them how to do things better training people there's a reason why i invest in professional development now what i used to do is i just used to throw it on my back and climb up the mountain like it's easier for me to do it you got 20 people working for you you do a professional development if five or six people get it oh my god you know the whole organization can go much further if i can get six people here to save an hour a week i get six more hours a week of productivity out of the overall team that's amazing so anyway that's my best advice is really and people need coaches is the other thing i think i think people need coaches and people to tell them hey this is a waste of your time why are you doing it

SPEAKER_00: that's super important yeah which is also i mean it sort of dovetails right back to the remote versus in-person office stuff you don't get mentorship you don't get coaching when you're working from home

SPEAKER_162: people only see the output they don't have any idea how you got there yeah but if we're talking

SPEAKER_216: about cutting out cruft i mean commuting is a pretty big time suck yeah that's why you have to live

SPEAKER_112: close to your office if you commute more than half an hour you've made a just a terrible mistake um now i know that's hard in a place like silicon valley or whatever yeah los angeles it's pretty

SPEAKER_162: difficult to be a radius for 30 minutes in los angeles well because a lot of companies they want

SPEAKER_32: you to work in you know beverly hills or west hollywood these impossible to live near very costly places you know people have to go very far away this is just a great argument in favor of yimbyism

SPEAKER_64: which is one of my favorite uh causes out there but like we should absolutely build tons more dense

SPEAKER_67: housing near employment let's just do that and let's you want to watch the economy go boom as president trump said on truth social the other day build more housing okay literally uh you know

SPEAKER_69: this was one of the things i've been talking about doing here i'm going to do this maybe later on

SPEAKER_34: wednesday just to give you audience a preview i'm going to give you my stump speech on building uh when i'm president build what i'm going to do as president whenever it's going to be around housing okay

SPEAKER_96: that's my feeling on these um two stories you have anything to add or should we move on one more

SPEAKER_00: question this one came from uh user woe liam on hacker news yeah i haven't seen this now i have the first they've got a very specific problem that i thought you'd be interested in they're asking how to stop google from auto correcting their startup's name they have a they have a small cloud computing company called automo the problem is when you google the word automo it auto corrects to autismo the spanish word for autism so people can't find their company because they get redirected it thinks they are a spanish speaker looking up you know treatment or what to do about autism the company was

SPEAKER_36: founded in 2018 they're a little worried changing the name they've got all these long-standing

SPEAKER_00: relationships and customers people know them as automo they would prefer a strategy that somehow gets google to start recognizing that their name is a valid search term people in the comments are suggesting seo campaigns using some sort of strategy where they they use ads on non google systems to

SPEAKER_59: get people to go back and google the word automo so google learns but most people agree they should

SPEAKER_96: just change their companies what do you think um no i unless it's like super offensive i would not worry about this because the people who are looking for your company are going to click it you know where

SPEAKER_105: it says oh we're changing this to autismo they're going to click it and let you do that verbatim or they're going to type in another word descriptor of your company yeah you could always go search instead

SPEAKER_162: for the thing i looked up but you could see the the thing it brings up are it assumes you mean autism spectrum disorders this is them they are a cloud computing yeah don't worry about it people

SPEAKER_34: are gonna they'll find you it's nothing to worry about well there you go like there's other things to

SPEAKER_96: work on and if you're successful this will work how do i know this like if you were to type in uber you know before uber became big or robin hood so type in robin hood right now into google i want it

SPEAKER_59: is a generic name right if you don't leave a space if you leave a space it thinks you mean the folklore character if you don't leave a space it knows you mean the investment app so i think it might be as

SPEAKER_189: simple as look we just did robin space hood they're number two robin hood they came up number one because they bought the ad so i think maybe artissimo or whatever the heck this thing is called automo

SPEAKER_13: automo is their actual name automo should just buy the keyword for automo and then they would definitely be at the top so just like robin hood we did here so you get that sponsored link it's not going to cost you that much because nobody else is competing for that keyword yeah i know but i hate

SPEAKER_64: i hate telling people to pay the google tax but in this case jason i do think that's the right

SPEAKER_112: 20 bucks a month in google tax 300 a year so if it actually matters to the founder that much but you know that we live in a new world people find things they're like really good at searching and then we'll be in a world eventually where ai is going to point people to stuff so you have to have articles written you're going to have to have a corpus of media right so that would be the seo

SPEAKER_357: approach you know like like that old school seo tactics yeah but maybe i think it's more about

SPEAKER_13: having a lot of content ingested into llms over time so from credible sources and so the whole seo

SPEAKER_96: link backing thing remember the links are going to go before the uh summary so aside from the sniper shot here of like looking for my company name or looking for robin hood to trade stock what else can you do that are on the long list of keywords for their cloud business and where can they make content about that so back to the kids investment club before i start that thing i'm going to write or have somebody write literally a hundred sub stacks emails beehives whatever to get that seo going for teaching kids about stock or how to teach kids about bonds or how to explain bonds to a child how to explain this to a

SPEAKER_13: child and we'll get that sort of seo going in that content base that will be ingested and if you make great content will be ingested and eventually people will find you jason can we can we do a child a

SPEAKER_362: children's book like a like a it's a really good idea right a really good idea yeah yeah oh my god

SPEAKER_126: i've read every children's book ever written now and also i'd love to have them be like all right here's

SPEAKER_20: that what an index fund is and just watch their face fall that'd be pretty funny mommy what should

SPEAKER_367: i do with my allowance all right uh we have a video you want me to react to hit me that's very viral

SPEAKER_00: this is a from youtuber mark rober uh he he posted this video can you fool a self-driving car this video has only been online for about a day and it has eight million views already this thing is blowing the hell out okay so what he did is he did a number of tests and he used two different self-driving cars he used a tesla in autopilot with its camera setup and then he tried a unnamed self-driving car lidar camera system which is more okay the more high-tech lidar system and he he wanted to see how how much he could do to obscure the car's vision and if he could mess up uh both so here's one of the tests where he's got a mannequin of a child in the road and then he's covering the road with fog to obscure

SPEAKER_01: the car's view so here's how both cars did i can no longer see that there's a kid through this fog yep

SPEAKER_371: this is something where lidar will absolutely see the kid through fog but fsd with a camera is not

Chamath Palihapitiya: going to see it guaranteed lidar stops guaranteed fsd doesn't i am sophisticated enough to know this specific edge case also a human is not going to get this right so a human right and an fsd is the same thing because it uses cameras the cameras are better than humans but nobody can see through fog except for it's gonna hit it yeah uh as as would a human any of us driving that car would have hit

SPEAKER_00: the kid right he does note at the beginning of the video okay all of these tests are yes specifically designed around things that would mess up human drivers and you'll see this next one we're about

SPEAKER_94: to show there's no way human would be able to pass this test oh really the endorsement hero just

SPEAKER_06: before we move on is i think now every car should have lidar because that as a parent i love to see what

SPEAKER_376: lidar dead yeah but yeah very comforting yeah okay well that's going to be the discussion we're

SPEAKER_54: about to have let's see this one so this next one he's got a painted wall like in a looney tunes this is a wild e-coyote right it looks exactly like the horizon never happened but okay

SPEAKER_379: yeah it's not a real world scenario i like it for comedic it's funny right yeah

SPEAKER_131: yes that would and i think the lidar the lidar the lidar worked i think the lidar would be able to pick up on the cues but here what's interesting about this one is okay this is the most interesting one you know why lidar is going to get it fsd is not but a human is going to get this one this is not going to trick a human because you can see that as you come in the different little outline yeah it's you're going to see the outline of it right so you won't be able to see the nuance the only way a human would really be tricked by this is if it was maybe a video wall presenting what's exactly

SPEAKER_96: behind it but if it was painted like the wiley coyote right on a lot of brick wall that would change

SPEAKER_131: with the sunlight and everything so you know right these are maybe with leds or something you could

SPEAKER_00: maybe hologram an effect but not not with regular just painting it like the horizon no i'm glad they did this yeah lidar it it works because it casts the shadow that's how lidar knows it can tell that the light is not reaching it from behind and that's how it knows that there's a barrier right it's like right you get this extra century because lidar is yeah it's actually it's working like radar but

SPEAKER_13: with light instead of sound that's in layman's so number one i'm glad somebody did this and they

SPEAKER_40: should have just added for fairness a human driver and that would have also been much more entertaining to have a human note that in the beginning that that these are i know but i'm just saying why did

SPEAKER_13: they not use a human in a regular car get a toyota prius get your toyota prius c put somebody and say go and you know let's see if they hit that wall let's see if they you know and just tell them like nobody's gonna get hurt you can't get hurt but just go and then if you think you see something

SPEAKER_69: stop and what we would see is the human wouldn't hit that fake wally coyote wall they would hit the

SPEAKER_32: child in the fog like yeah and the fog was so dense you couldn't see anything he did another one where

SPEAKER_34: it was like water like a storm right yeah which i think humans and fsd would not stop for the fsd

SPEAKER_401: didn't stop for that right no no blue right blue right through i believe the lidar did so anyway

SPEAKER_96: that would be the way to make this um you know really entertaining and let people understand fsd is like human plus and fsd with lidar is like superhero level right you're becoming like daredevil

SPEAKER_00: exactly that's that that's the best analogy for it it's like how daredevil sees that's exactly it so alex i'm gonna bring you in this discussion please the question i have for alex is when we look at this

SPEAKER_13: what standard what standard should cyber taxis waymo let's just call the you know let's call the category autonomous vehicles should they be held to a standard that is better than humans or the daredevil standard which one superhero superhuman obviously humans are already on the road so then we're just deciding should we expect a lot more or a superhero level superhero level for a number of reasons one

SPEAKER_06: aim high two the number of deaths we have right now from human drivers is way too high i think fsd is safer great but it doesn't get the death rate down as far as i want it to and third my 2019 super outback our car before didn't have a rear view camera we didn't think we needed one why would we need that we literally look behind that rear view camera that we now have on our car is mind-bendingly better for us as safe drivers so now my thing is if we have the technology and it's mass producible and affordable for at least most cars which would fit this rubric then we should do it because why not lidar only costs i was looking up like about a thousand bucks per unit in mass production for a k we

SPEAKER_189: can have better is it really that cheap i thought the lidar sensors on the waymo were much much more money but i think maybe the base ones you could spend as little as a thousand but you know the way i'm going to look at this is you got to quantify the number of lives saved and i think the rear view camera is so quantifiable because i mean i hate to be morbid here but the number of times somebody's

SPEAKER_13: killed their own child or pet backing out of their driveway is truly tragic and i believe those cameras are now required is that now standard that you can't believe it is now standard yeah i don't

SPEAKER_96: think you can have a car without a rear view camera so that probably eliminated thousands of deaths a year in the united states i'm guessing hundreds to low thousands i don't know that this test of like in the fog not hitting somebody is going to save any lives but if it's a thousand bucks i'm going to agree with you why wouldn't you i'm also heard that waymo is testing and is i don't know if this is true or if i just overheard this from somebody i shouldn't have but i also heard that waymo might be testing a non-fsd version of their car which would only be able to be run in certain conditions and that's going to be the next sort of puzzle to solve i think we're going to see a number of people say you can only use these cars when it's not raining or foggy right when it's foggy the fleet is not allowed to drive in fog if it detects fog the fleet's going to have to pull over so on the 280 in the bay area and you get five conditions and in san francisco you get carl the fog they're literally going to have to like have the fleet go back to port or just pull over like by the

SPEAKER_101: way humans do this too in san francisco when the fog gets really bad on the 280 yeah i have seen people

SPEAKER_32: pull over yeah or they just go yeah i mean it is not i've sold over in the fog in la once or twice before too it is like oh no it's too thick it's just dangerous you know in your lifetime that was

SPEAKER_411: long that was smog not it's very very different i heard actually documented anywhere i'm seeing

SPEAKER_64: various people talking about it on reddit and other forums i don't have enough time to actually deeply

SPEAKER_06: factor this but it does seem that way mostly is testing some non-lidar cars to which i have to say if your other bets the alphabet subsidiary that houses waymo which torches like a billion dollars a

SPEAKER_17: quarter don't cheap out on safety like push forward here set a standard so high that every single death from a car collision is a national tragedy let's get to that it's just weird because

SPEAKER_00: i feel like when we first started talking about self-driving cars it's like a real thing we could build this was part of the promise was it's gonna get so much safer like we already think of automotive travel is like it's not like it's safer to be in a plane than in a car and like this was supposed to be the revolution that makes that a reality that like we don't have to worry

SPEAKER_416: there's something that happened on the way to this revolution uh competition and i just want to say for

SPEAKER_13: the industry i'm not talking my own book here once again i am diversified i have bets on all the major players i'm good so i'm not talking my uber book or my historical uber love um although i'm over indexed there but it's not it's not going to change my life so i think we need to have a much slower rollout of autonomous vehicles i know everybody wants to go faster i know right now zoos waymo cruise rest in peace and the woman they dragged tesla as cyber taxis byd everybody's racing right now this is where actually the government does their job the government needs to come in and give licenses for

SPEAKER_96: this that are extremely restrictive extremely restrict now i'm saying that as somebody who is going to benefit financially from the rollout of this when i say extremely restrictive what i mean is

SPEAKER_13: certain areas certain times certain speeds and you have to hit milestones i think waymo has been so conservative because they live with the fear that knowing if what ha if they if they drag somebody even if they didn't hit them first if they just make a mistake like cruise did waymo could be shut down for years yeah if waymo got shut down for a year what do you think that does for competitiveness with them it's over i mean nobody's going to believe in self-driving and then all the different jurisdictions around the world they're going to stop the whole uh movement so please everybody doing this restricted zones restricted speeds real conservatives safety safety safety do not worry about competition they should just say to everybody you can have this many cars per year on the road and then when you hit this milestone of safety this many miles then you can apply to add more vehicles and just literally make it a milestone based thing cruise didn't have that there was like a licensing system where you get approval and you go how about this you can put 10 on if those 10 do a thousand rides each 10 000 rides safely then you can add another 10 okay if they do you know and you just tell people and then if you do it between you know daylight hours and you get to a hundred thousand or a million ride you get to a million rides in daylight hours now you can do nighttime rides and you can do it at this speed if you can safely do it at 25 miles an hour then you can move up to the 35 to the 50 and then eventually the highway which waymo has done they've self-policed themselves i really just don't want this

SPEAKER_34: to be screwed up i'll be totally honest i think this could i live with this fear somebody's gonna go too fast i

SPEAKER_06: just want to say that there's concern about competition especially with chinese companies in the domain of ai which autonomous driving does fall underneath is there a not a risk jason in your argument and again just taking to the side of this for conversation that the incremental approach you are outlining is too slow to generate a national champion in self-driving by the time china has this iced because they're willing to take on more human risk listen if china values life differently

David Friedberg: than america nobody should be surprised like literally in a factory in china they've got slave labor called the uyghurs like they don't care if they kill themselves they don't care if they die in a

SPEAKER_13: robotic machine you know accident the way we do here in america so that should never be our standard you can buy cars in india right now without airbags that would never pass anything tata put in

SPEAKER_78: to yeah just tell us what the cheapest car from tata is it's the nano i think it is yeah i think it was

SPEAKER_52: three thousand dollars when it first came 2000 uh us uh okay yeah the tata nano yeah just for

David Friedberg: giggles if one of you gentlemen could find a tata safety test and there's it going to be a video of a tata there's the there it is now if you're in india by the way it's adorable looks like a mini

SPEAKER_96: prius they sell millions of these i believe they were it was discontinued in 2018 okay they sold a lot of time i would never in my life get in that car if it had gasoline in it and a battery and was

SPEAKER_444: able to drive i might sit in it in a museum under duress because that thing is that death trap that's

SPEAKER_445: literally yeah there are coffins crash test results is what i i i mean i don't even want to see this

SPEAKER_446: that thing looks to me like a paper bag here is uh from the global in cap uh airbags behold

SPEAKER_06: oh what's oh my god it turns out the entire front half of the car is the crumple zone sadly

SPEAKER_452: that's also where you sit to drive your legs are there not anymore lawn oh my god i'm gonna go ahead

SPEAKER_96: and say the airbags in america and the airbag systems are more expensive than that freaking car

SPEAKER_13: i bet you like the airbags in a tesla which by the way wrap around your head or have you seen the zuke's airbags pull up the zuke's airbags the way we value life in this country is one of the greatest things about america we overvalue life we over index we we do insane things to make people safe and when something happens like a plane drops out of the sky we spend so much money trying to figure it out when often it's like the pilot made a mistake but we still want to know and we still want to incorporate that that's why we had about a 12-year run of no commercial debts before this stupid um

SPEAKER_161: tragedy with the helicopters flying there's a few different ones yeah here is how the airbags work inside of a zooks i had this is incredible these guys are doing it right look at this all right so

SPEAKER_460: now we're gonna look at this here you go observe yeah i mean that's oh yeah freaking cool man you're

SPEAKER_13: basically covered yeah i mean for people who are listening it is literally putting you into a giant boy in the bubble i mean it's unbelievable how safe you would be in a zoox if you got side swiped i think it's probably the safest vehicle you could ever ride in based on that i could be

SPEAKER_96: wrong all right everybody there's been another amazing episode of this week in startups late night edition if you want to uh get the docket this week in startups.com slash docket if you want to follow us on reddit get involved in the reddit community where we're top 60 of reddits i think we're now in top 40 percent of reddits we're trying to get into the areas if we get another 100 followers it's uh twi startups we are in the top 43 about to cross 40. need your help get in there participate i'm in there lawns in there alex is in there we're trying to build a little community on reddit because that's where a lot of entrepreneurs are some of the questions we took today for were from entrepreneur really great entrepreneurial communities in reddit uh he's lawns on x he's alex on x i'm at jason

SPEAKER_13: founder friday's coming up founder friday dot tech if you want to hang out with other ceos and founders and uh if you want to come to founder university founder.university our 10th edition coming soon our 10th cohort and we'll see you all next time bye-bye