SPEAKER_00: Hey everybody, we're back. It's January 2nd and this is our prediction show for the year. We have so many predictions to get through. I don't want to belabor it here because it's such

SPEAKER_04: a great show. So yeah, should we just kick this off? We got easy takes, we got tech takes. Let's just get right into it. Here's what we think is going to happen this year. It's going to be a

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SPEAKER_09: All right, everybody. It's our 2023 predictions episode. This is where Molly and I will make some

SPEAKER_11: predictions about what's going to happen this year. Happy New Year, everybody. It's January 2nd.

SPEAKER_12: I got my Martinelli's. I'm ready to rock. All right. Yeah, here we go. Do some predictions.

SPEAKER_14: Do some predictions. Okay. Let's just get right to it. We don't need to do a big preamble here. Let's go. What's our first category for predictions?

SPEAKER_15: All right. So we are taking some of the categories from the twisties,

SPEAKER_17: if you listen to that episode and bringing them over. So for example, we gave an award to the main character of 2022. And now we want to look at who do we think is going to be a or even the main character of 2023, the person who dominates the conversation in the tech world, the tech startups, crypto, whatever that world might be. We have some candidates pre-filled, but then we can chat about it. Ideas include Carolyn Ellison, the poison ivy of the SBF and FTX story, because she's going to probably testify against Sam Bankman-Fried. We, of course, have Sam Bankman-Fried himself, I think you could argue is likely to be a big character. Bob Iger coming back to Disney is

SPEAKER_26: one. Elon at Twitter is one. That easily comes to mind. Do we think Adam Neumann will be back in the news? I'm not so sure his vision of the world is going to be like, you know, the flow, what flow

SPEAKER_33: apartments? It seems like, okay, if he succeeds, great. A bunch of young people are living in cool

SPEAKER_36: apartments. Congratulations. I mean, someone might argue open AI and Microsoft could be the main

SPEAKER_37: character. Uh, we can definitely make that argument. Um, I, I, I have a little bit of a wild card here.

SPEAKER_00: Ooh, it's, it's adjacent to SBF. I think Gary Gensler, uh, the head of the SEC is going to drop a lot of crypto, um, legislation on this. And then I think the other main, I mean, I, I hate to get political here, but you know, then there's also, you know, Jerome Powell and what happens with interest rates. Right. Yeah. So those are two main characters that I'm watching, but I'm going to go

SPEAKER_46: with Gary Gensler. I like that. I like that. Yeah. I was the one I'm watching. So that's really

Jason Calacanis: interesting. Cause I was going to say that I think a, uh, uh, a main character to consider is a

SPEAKER_17: Republican house of representatives, which is coming in somewhat hostile to big tech for various reasons, right? It's like you have both parties hostile for different reasons, but you've got this kind of new cast of characters coming in with whoever the house speaker turns out being, you've got the potential for hearings and, you know, committees. So you could go Lina Khan, right? You could just say Lina Khan, maybe? I could go Lina Khan, exactly. You could go Klobuchar if that antitrust bill actually makes any progress. So I wouldn't count out, I wouldn't count out the, the, you know, the deep state, the Congress or the regulatory, uh, framework in the U S. So who do you got? You got to make a decision

SPEAKER_54: here, Molly. Who is your main character in 2023? I think, I think it's Elon. I think the main

SPEAKER_17: character continues to be Elon in 2023. I think it's an easy choice. Um, I, I went with the wild

SPEAKER_57: card. Elon would be the easy one for me to say, but you know, I'm close to it. So it was easier

SPEAKER_00: for me to go with Gary Gensler. Exactly. Most anticipated trend for 2023. Okay. Most anticipated trend for 2023. Yeah. Uh, you know, for me, I've been giving this a lot of thought. I think this is going to be a really rough year because of the recession. I think it's, you know, there's,

SPEAKER_61: is it a soft landing or hard landing somewhere in between is probably the likely case. I think it's going to be three more quarters of chaos. I've always said six quarters was my prediction. Mm-hmm and that was quarters two, three, and four, which means it's going to be one, two, and three of this year. So I think the trend is going to be austerity and focus. So the age of excess giving to the

SPEAKER_62: age of austerity, um, or focus. I don't know how, which one I would, maybe I'll just combine them.

SPEAKER_63: The age of austerity and focus is the trend who can be the most focused and, you know, spend the least amount of money to make the biggest impact. I think that's the trend for startups in this next

SPEAKER_67: year. Yeah. I think, I know. Yeah, no, I think it's going to, I think it's going to be hard. I think

Jason Calacanis: there's going to, but I, I do agree with you. You know, Nick has been banding about this phrase, less silly, more dilly, as in more diligence. Sure. Governance, diligence. That's a good one. And I think, and hope that that is in fact that, you know, I think that there could be some soul searching and even some, but if I have to, if I have to, to distill what you have said into,

SPEAKER_17: I think my trend for 2023, it's accountability. And maybe this is like wishful thinking, but I, I think one of the ways that we have gotten so astray in general, in tech, right? In, in the, the spending and the investing that created this kind of culture of entitlement and just like bizarre valuations and all of that was that nobody was ever held accountable when they made those mistakes. Yeah. And there were some big VC whiffs in 2022. There were some big governance whiffs, some government whiffs, some management whiffs. I think that we are going to start to see people have their feet held to the fire. And I congratulate actually Sequoia for starting that trend in the wake of FTX by apologizing to LPs. Yeah, we could have done better. Firing an investor, like getting rid of one of the people who worked on that deal, who was not involved in that governance. And so I actually do think we might start to see a little bit of a return to like, when you do something wrong, you are held accountable for, do you take responsibility?

SPEAKER_00: Your most anticipated trend of 2023 is accountability. I like, I think we're both, uh, going with very, yeah. Okay. Surprising shutdown of 2023. Yeah. Things that we might shut down. I sadly have, um, a company I think that could have a, um, a shutdown in a fire cell. And I think that company is Peloton Peloton thing. I was like, I think we're thinking of the same one. And I, I, I don't want that, but I do think, you know, it's just, people are in a recession, a $3,000 gym item, a $40, what is it now? $44,

SPEAKER_61: $34. They, they raised it a couple of bucks. Yeah. Even myself, I was thinking about getting another machine for up here, you know, at, um, the ski house. And I'm like, nah, I'll just go to the, the local gym or whatever. I'll just ski. I'm not going to get another machine.

SPEAKER_63: And I, you know, it's not a logical choice. It's an emotional choice for me. I just don't want to add expense right now. So I'm looking at my personal balance sheet. I'm looking at the corporate balance sheet. I just don't want an expense. And that's a big ticket item. That's a big expense, 40 bucks a month, $500 a year, plus two or $3,000 for one of these devices. I, and I think that they're running out of money. So, you know, I think Buzzfeed was the other one I think was like in serious trouble on the media side. So Buzzfeed Peloton-ish feels really troubling, but I'll go with Peloton. Buzzfeed is my second surprising shutdown of 2020 or fire

SPEAKER_15: sale, including fire selling. Yeah, totally. I think we shut down. Somebody buys the asset. I think I'm a hundred percent with you on Peloton and I wouldn't even say that's like a, going to be a surprising shutdown. Like I hate to say, um, I suspect, and I haven't exactly decided

SPEAKER_17: which one, but I think we might see another surprising media shutdown. Like Buzzfeed again is very much on that list, but you know, the way that kind of Politico or a protocol just went poof. Yeah. I would not be entirely shocked if something like an Axios, right? Something that you thought

SPEAKER_95: was like, okay, just wait out because that media landscape is getting so hard and so fractured. So they're part of a bigger institution, right? They are think they would say, but that bigger

SPEAKER_00: institution might just be like, I mean, like what's the value of like a Huffington post today, right? Like that was spent that's been sold twice maybe, or business insider has been sold. So you

SPEAKER_61: could see like some of those brands. Somebody might say, you know what, maybe we'll sunset this brand, or maybe it's just like an SEO play. We'll just let it slowly die out. So, you know, there's death watch and then there's, um, like, um, hospice watch, right? Like where you just like let a company kind of slowly die. Okay. Let's go to bag secure. Yeah, let's do it. This one for me, I have a little

SPEAKER_63: bit of a wild card. I think the bag secure is going to be tick tock shareholders, but I have to explain why please do believe that the Chinese owners of this company are going to, um, under threat of having it banned in the U S are going to sell it and it's going to become an American company. It's too big to let it die. And I think now we have bipartisan support. We've basically woken up to the fact that this is Chinese spyware on everybody's phones and it's incredibly an

SPEAKER_00: incredible user experience and it's incredibly addicting and our cold war with China that's

SPEAKER_33: replacing the cold war with Russia. Cause Russia has been essentially, I don't want to say neutered,

SPEAKER_00: but you know, there's a thing, I think we realize they're a waning failed state in many ways that, you know, the China, the cold war with China, what do you do if you own tick tock shares, you can't

SPEAKER_57: let them go to zero. And if they get kicked out of the U S it's a zero. So I think the Chinese

SPEAKER_00: investors, uh, which probably include the government probably own some of those shares or get some benefit from them, uh, taxes, whatever. I think they're just going to sell it. So I think everybody

SPEAKER_61: who owns shares in that is just going to make a huge payday, huge payday. I believe it goes public at the end of the year. Fascinating. Yeah. Okay. Sold to somebody merged with somebody, you know,

SPEAKER_24: that kind of thing. Yeah. Right. So it doesn't disappear from the U S market. No, is there? No,

SPEAKER_17: I think it's too big. That's a good to ban. I agree. You know, I agree. I don't, I cannot imagine. And also I think you give away way too many votes, um, by doing that as anybody, as any politician, like no politicians, you know, who's your big secure. So that's funny because I was going to say that I think meta could end up being the bag secure as the recipient of the weakening of tick tock, this like deliberate campaigns ability to weaken tick tock. Right. So it's like almost the opposite. So even though I kind of don't think it's getting a band, I wouldn't put it past, you know, either like new rules or changes to the algorithm or forcing a sale in a way that, that people don't like, and I think that actually Instagram specifically could end up reaping the benefit of all the upheaval at Twitter of kind of a lack of like really viable competition. Like everybody's been saying, you know, as the, if, if you're looking for a social media alternative, how funny is it that no one ever mentions Facebook? Yeah. But Instagram is making moves in that department. And so if tick tock gets banned, then Instagram is a bag holder, my opinion. I'll tell you what

SPEAKER_08: I like also about your bag holder, your, um, back secure for secure, even if you take out tick to cure, the fact that the sock went from 90 or so when I bought it at 94 to 115 or something,

SPEAKER_00: when he made those 10,000 laughs, the back channel is there's another riff going on quietly. And it's a performance based rift and it will also be 10 to 15%. And that means I think meta will go to $200 to share again, maybe 150 to 200 to share in the next six to 12 months. So we'll be sitting here a year from now with $150 to $200 share of meta. I think it's a great trade. Yeah. And I may, I may lean into it, even though I bought at 94 and it's at 118 now, I may put more into it. If that is in fact true, the back channel that we're hearing the rumblings of this, you know, gentlemen's riff, uh, performance based gentlemen's riff, not back to office riff. Uh, that's me. So I like your back secure, but for a different reason. And I like that we have counter, uh, 70, 30, probably 60, 40, who knows who's right on the issue, but don't count out meta. They're going to secure the back. Hey, listen, if you want your business to be more productive, more cost efficient, and you want to have more impact, you want to do more with less, you need to use notion. We run our entire business at launch on notion. Just a quick story. I was looking at a CRM solution because we track thousands of startups every year. And I looked at some, you know, specifically designed CRM software for venture capitalists. It turned out they were wildly expensive. And then somebody on my team said, you know, in notion, you can create databases, people are already keeping their notes there. Why don't we try building our own CRM inside of notion where we're already all logged in and working every day. It turned out in six weeks, we built the perfect system at a fraction of the cost. It works better. And this is why notion is changing the world. It is one of the most powerful tools I've ever seen. Whether you're starting a new gym routine, organizing a trip with your friends or even planning your company's goals. Notion is a flexible collaborative workspace that helps you make meaningful progress in every part of your life. And I do use it for personal stuff. Get started in seconds by choosing from thousands of templates for every task, then make it your own from to do list to OKR trackers and so much more notion lets you build the exact system you want. So you can work the way you work best. So here's your CTA a quick call to action get started with a free notion account at notion.com slash Jason my name notion.com slash Jason make sure Jason is an all lowercase notion.com slash j a s o n to get started for free right now. All right, app or tech breakout 2023. What do you got about what app or technology is going

SPEAKER_77: to break out in 2023? Sumers are going to embrace it in some very large way. There's a lot of obvious

SPEAKER_17: ideas here. What do you write? I mean, obviously, there's AI. Right? Like you've got, I thought that 2022 would be the year of MRNA vaccines, we actually got very, very close, I think, to an HIV vaccine in 22. I think they're like, on the cusp of literally creating a vaccine for HIV and a cure, which would be incredible. But I think that medical breakthroughs end up taking a lot longer than we often think. So I'm not ready to declare that for 23. But now that we have tools like chat GPT and whatever Google is going to do, and I suspect that they will be prodded into releasing whatever they've got, either speeding up development on AI or if the rumors are true, that they have a chat GPT killer that

SPEAKER_141: they've just been too afraid to release. I think they they do it. I think they set it out into the

SPEAKER_00: wild and it changes everything. Yeah, I think it's text based AI augmentation of humans, the notion, which we went over in a recent episode notion, adding, you know, that level of AI is truly astounding.

SPEAKER_63: The results, you know, it starts on second base, if you're writing a blog post or a memo, whatever it is, or you see it in your Gmail, where it gives you the next two or three words, both of those, we're going to see expand into actual usage. So when we're talking about a breakout, I would love to say it's Apple's AR goggles, but those Apple goggles are going to be 2000 3000 bucks, whatever the

SPEAKER_61: Facebook ones are, it's going to be for elite developers and, you know, um, people who on the

SPEAKER_00: technology cycle are early adopters, like really avant-garde, you know, really early adopters. And so the tip of the spear type people. So I think, you know, we might be sitting here in 24 saying AR is being adopted. I think 23 is going to be about text based, uh, and developer, which, you know, code is text as well. So those two code and writers are going to be using not just chat GPT, that just happens to be the best execution of it. I think there's another. Yeah, there'll be, there'll be 10 of them. And I don't know that any one person wins the day on it. So we are in agreement on that most shocking. And I guess the way they phrase this is shocking. You could also say notable. So I'll, I'll, I'll edit this on the fly to say notable slash shocking newsworthy CEO resignation or

SPEAKER_148: return, right? We saw, uh, Bob Iger come back to Disney. That would have been for last year,

SPEAKER_77: obviously the most notable slash shocking. Is there going to be one of those? If there is one of those

SPEAKER_08: yeah, 2023 Molly, who would it be for you? I have two options. Okay. I think that despite

Jason Calacanis: actually not even despite related to what I said about meta being securing the bag in 2023,

SPEAKER_17: it would not surprise me if you see Mark Zuckerberg change his role dramatically, like either spin off metaverse and Oculus and make it its own company and become the CEO of that or retire completely and start something new in that space or be pushed out. Like, I don't know, but I feel like this is the year when his role could change big time and it would be shocking without a doubt. I mean, the obvious

SPEAKER_60: one is Bezos coming back. Right. I don't think that's going to happen. He's having a great time.

SPEAKER_152: I don't see it. I saw a tweet the other day that was like, you know, a lot of CEOs seem to be having a hard time with retirement, but he's really has ridden off into the

SPEAKER_155: sunset, living his best life. Okay. What, here's what I want to know. What is Sheryl Sandberg going to be the CEO of in 2023? Like, I think she's going to be showing up as a shocking CEO choice.

SPEAKER_00: I would, I would, I think more likely is to see her, um, be part of, uh, the cabinet of the next

SPEAKER_60: administration. I think that's maybe a more likely possibility. Yeah. Now, I know some people feel

SPEAKER_61: like maybe the well's been poisoned because of, you know, Cambridge Analytica or whatever. I think people have a short memory. They just remember that she worked at this incredible organization and that she is incredibly well-spoken. So I would see her becoming, you know, uh, a treasury secretary,

SPEAKER_62: secretary state. I don't know which one of those, but something in an administration I could see her

SPEAKER_61: doing. I mean, here's a crazy one. Um, I wonder if given what's happening with chat GPT to bundle

SPEAKER_00: these issues together, if Sundar might, um, maybe make a move out of Google, maybe, you know, uh, and so I, I do think that whatever's happening at this moment, um, then could have some impact on Google

SPEAKER_26: with chat GPT. Uh, and you know, that's very interesting cuts at Google, maybe Google stock

SPEAKER_09: flounders. Maybe Sundar does his decade and moves on. Who knows? Uh, he's been with Google since 2004.

SPEAKER_17: You're describing it as somewhat voluntary, but maybe it's not. Yeah. I mean, a lot of these things might be, pressure grows because he doesn't seem to be a particularly dynamic. He's not pushing the envelope at Google and the competition is coming. The ad market is softening.

SPEAKER_00: Yes. Could be a year for change there. Yeah. That's a good one. I'm not saying he should, I'm not saying I want him to, I'm not saying he deserves it. I'm just saying change can happen voluntarily, or it could just be the passing of the torch, you know, like maybe he's, he's, he's had his run and you know, maybe it's, he wants to do something

SPEAKER_57: else. Right. Uh, I don't think that's gonna happen with Tim cook. I don't think it's happening with Satya, but Sundar and the state of Google, maybe change would be good for everybody. So that's a, just a wild card there. Bezos. I don't think so. The obvious one is,

SPEAKER_61: uh, you know, uh, Elon naming a CEO of Twitter, which in 2022, he said, he's going to, so

SPEAKER_155: share that would be notable, but not surprising. Can you imagine if he named Cheryl? I'm just saying I that's my like, I want that to happen. That would be amazing. Not possible. Yeah. It would

SPEAKER_72: just be so exciting. It would be, but I just don't think it would happen. Yeah. Um, but you never know who knows. Oh no. I mean, I'm sure that wouldn't happen, but it would be pretty exciting.

SPEAKER_100: Okay. Most anticipated technology for 2023. This is an easy one for me. Yeah. It's an easy one for

SPEAKER_61: me because we had Mark from Bloomberg on so many times talking about Apple's air goggles. Totally. They said it was supposed to come this year, but got pushed back. You know, this is going to drop, you know, at any point in time in 2023. And I use the Facebook ones that have the pass through.

SPEAKER_00: And it does change the experience I will admit. And they're very powerful. And I, my motion sickness seemed to take maybe 30 or 40 minutes to kick in. And I took them off. I was playing a star Wars game and just at some point it took them off. I'm like, this is getting nauseous, but I did less 30, 30 minutes, which I never done before. Yeah. So I feel like this

SPEAKER_08: technology is, is getting better and better. I don't know what the application is, but they are

SPEAKER_17: is so bad. Like I will run, I will sprint toward AR. I just, I want to be able to have which use case like a screen. I mean, I just want it for my, like a, like an implant in my eyeball. That's like, oh, okay. I'm walking toward my United flight and here's the flight data right here. And then here's the, like the terminal. I want basically a heads up display on my face all the time. And so if Apple's AR glasses come out in 2023 and they're even close to that. Yeah. I will be stoked.

SPEAKER_08: Yeah. I mean, I would like to also have them for, uh, replacing my desktop. So,

SPEAKER_00: you know, you're on the road and you have a keyboard with you and like, literally you just bring, you know, a keyboard and that's in your backpack. And then your keyboard has a processor that, and it connects to your goggles. And then I'm typing on my keyboard and I got my mouse, but you know, I am finally doing, um, what they did in that, uh, Tom Cruise film,

SPEAKER_61: uh, minority report. I'm moving the monitors around and we saw that in a Facebook demo. Although it wasn't a live one. It was just, uh, I think that like a screen grab, uh, or screen picture of a woman in front of three monitors that were virtual, you know, in other words, the headset

SPEAKER_63: was projecting them, but she could see the rest of the world that to me, the virtual desktop without the physical monitors, think about what that could do for the world. Yeah. You don't have to produce monitors anymore. Yeah.

Jason Calacanis: And monitors are hugely climate intensive and like, they're just like, they're

SPEAKER_17: pretty electronic waste. Okay. But I have a different one, actually. Oh, I'm with you. I do. Okay. But for me, the most anticipated technology of 2023, this is so nerdy. And right up my alley is bi-directional charging explain what that is. It is vehicle to grid, uh, charging. So we're starting to see car makers elect EV makers announced the, uh, and in fact, it exists already in the Ford lightning where you can power your house with your car. So we are seeing like, as we're talking right now, the bomb cyclone has blanketed the United States, like millions of homes are without power. It's more and more obvious that if extreme weather is this much of a strain on the grid, we do not have the infrastructure for everyone to have an EV in their driveway. But once everybody has an EV in their driveway, they have a little freaking power plant. And so more and more car makers are starting to roll in bi-directional charging as in you either take power from your house or you put power back into it. And I just think this is that, you know how I am about decentralization as the future of everything. Sure. This is a huge decentralizing energy storage. Game changer.

SPEAKER_189: Think what that could do also in 23, but it's gonna be huge.

SPEAKER_00: Think about Texas when they had that freeze over and their grid just went down for whatever number of days, people died. Yeah. You know, if you were in your house and you had a Tesla or a Rivian or whatever car in your driveway, or if you have two of them, you know, like you might just plug your car into your house and at least be able to keep the pipes warm, keep your electric heater running. Yeah. Um, and you're just, you're good to go.

SPEAKER_190: It's a generator. I mean, it's literally batteries full of energy. And in fact,

SPEAKER_17: you know, we recently in California, we had a bunch of earthquakes, just like a little, there was a really big one in Humboldt County and then some little shakers around the Bay area. And I'll tell you, the first thing I did was go and make sure my car was charged because it's cold right now. Yeah. And my car is just a big old battery that could keep me warm for a day if I needed it to. Yeah. Listen, I've been dealing with business insurance for three

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SPEAKER_11: most anticipated media for 2023. Oh, my God. Very interesting. Yeah. Okay. And by media,

SPEAKER_108: of course, we mean movies, TV shows, new projects. We've talked a lot about what's doing on we need

David Friedberg: lawn for this. Should we get him to we should get him to leave us a voice memo. Leave us a voice memo.

SPEAKER_00: Okay, so my pick most anticipated for me is Indiana Jones five, obviously grew up on it. Love Temple of Doom, even though it's dark and sadistic and crazy. My 12 year old boy, you know, 15 year old boy seeing that film was just like this is incredible. I don't know exactly what he came out in but I loved it. I loved all the Indiana Jones series, even, you know, the crazy crystal skull one. Uh, so I can't wait. I can't wait for Indiana Jones. I like Ashoka too. She's one of my favorite characters having three daughters. She's a very unique character that people don't know in the Star

SPEAKER_61: Wars canon because she was the Padawan to Anakin Skywalker who became Darth Vader. She has two white lightsabers. She made some cameos in the Mandalorian and they're gonna have a whole series

SPEAKER_63: based on her is she is a very important character because she, um, is not a Jedi. She get trained as a Jedi, but she left the Jedi order and she's, uh, essentially what a samurai would consider a Ronin. She doesn't have an affiliation with the Jedi, although she comes

SPEAKER_61: in the Jedi and she's not a Sith. She just is an independent force wielding Jedi trained person. And so both of those, she is for me. What about you? I'm going to go with, I really want to see who

SPEAKER_17: develops the FTX story and who they cast to play Carolyn Ellison has not been announced yet, but I'm stoked to see it. And then, uh, cause I'm weirdly obsessed with Carolyn, Carolyn going into 2023.

SPEAKER_55: What is that about? You think she's the mastermind? That's what you like about her.

SPEAKER_04: She's the mess. She's like, uh, she's like Christine at Disney. Oh, yes. She knifed Chapek all the way through, but dude, succession, succession season four, like Jerry season four.

SPEAKER_154: So it's season three. Like, I don't know where they're possibly going to go with season four,

SPEAKER_17: but as a person who like worked in one of the media empires that may or may not being be occasionally portrayed here. Like there were, it was like, it's either the Murdoch empire or it's the red stones, but there's so much dishy, cracking media step in there that frankly, like, I just cannot wait for succession to come. Succession would be high on my list as well. Okay. Let's

SPEAKER_57: do some over unders Molly over unders. Okay. The producer set the line for the sentence. Uh, over

SPEAKER_30: under 30.5 for SPF fairly easy for me. I'm taking the over. I think he gets life. I know I'm crazy.

SPEAKER_61: Yeah. I think the sentence is over 30.5. I'm going for the life sentence, maybe with good behavior. He gets out a little early, but yeah, I think the sentence itself a hundred, you know, years, kind of like made off kind of got 150 or something crazy like that. I think it's going to be in that

SPEAKER_120: range. Interesting life in prison, definitely over 30. I'm going to go with the under. Okay.

SPEAKER_17: Because I think the Dan, although the dollar amounts are high, the damage isn't that widespread. You don't have like retirees, you know, with having lost everything, like he didn't wipe out. I think that the, there's going to be a re a question of the harm. Got it. And that the

SPEAKER_91: sentencing will be commensurate. Sure. Okay. Carolyn Ellison over under 10.5 year sentence. What do you got over or under? Cause she flipped. She flipped. Yeah. She flipped early.

SPEAKER_108: She flipped early and her name has not shown up on as many things. So I'm going to take the under on that one too. I think she's, I think my girl's getting seven and a half. I was going to say seven,

SPEAKER_61: eight. Yeah. It feels like she's going to, she's going to get a light sentence for flipping and

SPEAKER_00: giving the goods. Yeah. Okay. Oppenheimer is the new, uh, Christopher Nolan movie over,

SPEAKER_46: under 750 million at the box office. What? Uh, that's a big number.

SPEAKER_55: Nothing's making 750 million at the box office. I mean, Maverick made 2 billion. Right. Avatar.

SPEAKER_228: So that's like over the course of the year. It's the total box office. Yeah. Global box office. I'm going to go over on that. It's by a hair. Yeah. You know? Yeah. I'm gonna go over. Okay.

SPEAKER_97: People are excited to get back to the movies. I think so. I think it's like, um,

SPEAKER_00: especially for spectacles. Okay. How many months left of recession starting on January 1st over under 21 months. Okay. Does not end before or after Q4 of 2024. I'm taking the under, I think we'll be in

SPEAKER_60: the recession for three or four quarters in 2023, and then we'll be out of it by Q1. So I'm going to

SPEAKER_17: say under 21 months. Yeah. I'm going under also, I think that we are already in the recession and have been, so I actually think we have time served. Yeah. I mean, we have, and then we're going to

SPEAKER_26: come out. Right. But we also have, it's clear we're in some sort of down market. It's a, it's

SPEAKER_29: a hard to define recession. So it is. Yeah. And China's letting her rip with COVID right now. God help them. Here we go. Hottest take for 2023. Okay. Honesty. What is your hottest take for 2023?

SPEAKER_232: I have a hot take, but I'll see if you have one, I could filibuster for you, or I can let you go.

SPEAKER_17: I have a super random hot take that's not related to tech, which is that by 2023, we're going to be talking about like rearranging the American schedule to move winter holidays to the summer and to take time off in the winter. Yeah. I think that this, this year of like sickness and viruses and weather disruption is going to start a national conversation about like flipping the year.

SPEAKER_108: Hmm. Fascinating. But my real prediction. Okay. My real hot take is that it's not even that hot. I, I just think that like enough with the crypto Meshuggah a bunch of the money that went into crypto.

SPEAKER_241: Sure. Like some of it's going to go to AI, but I think climate is going to be the investing opportunity of 23 and beyond, like without question, without question. It's the next bubble.

SPEAKER_57: I think, um, my hottest take, this is for hottest take for 2023. I think 2023 is going to be the best

SPEAKER_00: vintage of venture investing, uh, in the last, you know, 10 years, uh, and maybe even going forward a

SPEAKER_61: couple of years, 23 and 24. Those two years are when the next Googles, Ubers, et cetera, will be available for purchase, whether they companies already exist and they're in year three or four, you know, of their existence, or they get started in those years. It is going to be the best time to deploy capital as a private market investor. So that's why I'm super excited about 2023. Those people brave enough to invest in companies, I think will be rewarded. Those people brave enough to run companies or make the cuts to keep their companies alive will be rewarded. So the best time to build and place bets. That's my hottest take for 2023 in the recession. I know it's crazy to think about deploying capital into startups in a recession, but I learned this in 29, 2010, you know, it's kind of made my bones.

SPEAKER_62: So there it is. That's my hot take. I also think Trump's going to win, uh, the nomination. I think Trump's going to surge and I think he's going to beat dissent and that's not what I want,

SPEAKER_61: but I just, I'm sorry to put a lemon. Huh? It looked like you just.

SPEAKER_17: Well, I mean, no, I think he's going to go to jail. So, okay. So there it is.

SPEAKER_245: Yeah. So there's a good time. Take that's actually, right. It's either a nightmare for

SPEAKER_246: my actual hottest take is it's a nightmare for libs or it's going to be dancing in the streets. God.

SPEAKER_69: I mean, that might be a nightmare for libs too, but like him going to jail is not a nightmare for libs,

SPEAKER_00: but him winning the nomination. This is, you know, the debate I had with sacks. I think that's awesome. When I bring up Trump, he wants me to stop talking about Trump on the all in pod because, you know, they really are concerned that if Trump wins the nomination, they lose the

Jason Calacanis: election, right? Exactly. It's great for libs. If he wins the nomination, which is why libs back some

Chamath Palihapitiya: Trump candidates, right? They gave donations and like a couple of those states to kind of get

SPEAKER_252: literally Democrats cynically backed Trump candidates knowing that they would lose.

SPEAKER_255: It's so genius. It's so sinister. It's so sinister. So I was like, how do you feel about that? I'm like, it's the most cynical thing I could ever imagine. Well played. Yeah.

SPEAKER_175: I love that. I love these competing takes though. This is a good, this is a good one. Does he win or does he go to jail or both? I wouldn't, I wouldn't, it wouldn't, I would not, I wouldn't put it past today's, uh, today's Republican party to nominate the guy, even if he's indicted and in jail.

SPEAKER_263: I think he's, if he's indicted for sure. I don't think he's really, clearly he's running,

SPEAKER_266: running. He's running. He doesn't have, he doesn't have a campaign. He cannot get indicted because he can be like, I'm running, can't indict me. He's dreaming, you know?

Chamath Palihapitiya: Yeah. You know, I've been on a health kick over the past year. And part of that health kick is the greatest fitness app in the world, FitBod. And if you're listening to me right now,

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SPEAKER_00: your available equipment, right? Maybe you're in a hotel, maybe you're at an Airbnb, maybe you're at a blue ground and you need to use the equipment you have. They're going to maximize

SPEAKER_270: your fitness scans by varying the intensity and the volume between sessions as well. And they make these beautiful visualizations of your body and how utilized your muscles are. So let's check out this demo. Let's say I want to get a 30-minute workout in and I want to work on my chest, triceps, and my abs, but I'm staying at some, you know, rental and there's no equipment. Well, they'll create a perfectly optimized workout based on those parameters. Let's say I'm in another, you know, hotel and they got a bunch of kettlebells. Well, you go to another location and you got those pulley machines. They're going to make a perfect workout for you. It's amazing. It is one of the most beautiful apps ever made. They get featured by Apple all the time. FitBod takes the guesswork out of fitness. Just open the app and start making progress. Get 25% off your FitBod subscription or try out the app for free when you sign up now at FitBod.me slash twist. That's f-i-t-b-o-d dot m-e slash twist for 25% off. In venture capital category. Let's do a couple of

SPEAKER_232: these. This is fine. Will any VCs? It's a yes or no question. Will any VCs be charged in a crypto

SPEAKER_270: related crime, Molly? Mm-hmm. Charged. This isn't found guilty. This is charged. I say yes, because it's a charge. Now they could settle. So it could be the, I'm going to interpret this as the threat of a charge or a settlement. Yeah. In the same way we saw Kim Kardashian settle. Okay. Right. So in other words, an SEC action against a VC. Yeah. I say yes. I say yes. I also say yes.

SPEAKER_17: I really do. I think that the, the token shenanigans and, and Gensler is making it very clear that his position is I told you the rules. And if you did not follow those rules, that is on you. These are securities. Okay. I'm with you. Will total VC capital raised from

SPEAKER_77: LPs fall off a cliff in 2023? Through Q3 of 2022, 593 VC funds raised $150 billion pitch book data. Mm-hmm. Compared to 2021. 1100 raised almost 150 in all of 2021. The whole year. Okay. The whole year. So many more funds,

SPEAKER_08: but for the same amount. So what's going to happen in 2023? Is it up or down for 20, from 2022 to 2023?

SPEAKER_162: Yeah. I see no reason why it wouldn't be up. There's still a lot of money. Okay. You want to, I don't know. You don't even need to expand. I mean, it's, you think it's going to

SPEAKER_57: be up slightly up massively. I think it'll be up slightly. I think that the trend will,

SPEAKER_108: because this is a Q3 numbers, right? I don't think that Q4, it's going to fall off a cliff. I think it's going to continue to accelerate through the end of the year. I'm going to go, I'm just going

SPEAKER_00: to go with flat. I'm going to go with flat, you know, flat to down is what I would say. Flat to moderately down is my prediction, because I do think a lot of LPs are going to want to get some money back. And so they might just, you know, some of them might just pause. And then I think a lot of the VC funds, like you see, there's 1100 new ones in 2021, 593 so far this year. I think there's going to be a lot of funds that are unable to raise and they become, you know, just like some companies become zombie companies to be zombie funds. They don't have money to deploy, but they have a portfolio to manage.

SPEAKER_61: And so they have to just stick around managing the portfolio, but they lay off all their staff. And maybe one person takes the management fees and just shepherds those companies. And then who

SPEAKER_62: knows if they are able to, in 2023, to raise a fund. So we did see that happen in other busts.

SPEAKER_17: I should probably clarify the differentiation. I think the amount of money will continue to flow into VC, but into fewer funds. I 100% think that everybody hung out a single in the last six or seven years

SPEAKER_108: and was like, I'm a VC now and I'm a fund. And I think that could get ugly for sure. But I don't,

SPEAKER_72: I don't see the money into this asset class reducing. That will be the trend. I think we'll see

SPEAKER_00: of those hundreds of VC funds that were raised in 2020 and 2021, they, they deployed in the peak

SPEAKER_63: market. They returned nothing to investors. They are DQ, DQ, disqualified from raising in 2023. If you didn't return during the peak market, you know, people can be like, well, when would you return if you didn't return during the peak market? Okay. Over unders, here we go. $194 million in total seed

SPEAKER_91: deals, uh, through Q3 in 2023. So that was 20, and that was exactly 20, 22's number. So do you,

SPEAKER_63: in, in other words, in the first three quarters, will we see more or less deployed in 2023 in seed deal?

SPEAKER_00: Yeah. More or less less strong feeling on this. I say less. Yeah. I say it would be less now for two reasons. One, there might be less companies to deploy it in. Um, and people might be raising smaller amounts at smaller valuations. So there'll be more capital efficient. Instead of hiring 50 people, they'll hire 25, you know, to do the same, right? And they'll just be more the age of excess

SPEAKER_152: given to the age of austerity and efficiency. Okay. Well, and VCs will be, and are at least judging from

SPEAKER_97: our conversations, more discerning. You got to be stronger if you want to raise in this environment,

SPEAKER_303: because we don't want to see a day. Yeah. 3,900 total seed deals, uh, through Q3 2023. In other

SPEAKER_00: words, for the first three, which is the same as last year. So we'll last year's for the first three

SPEAKER_63: quarters. Will it be more or less seed deals? I say it will be less seed deals because there'll be

SPEAKER_221: less entrepreneurs. Yeah, totally. For the same reason it would be. Yeah, definitely. Okay. The average, by the way, it's fewer. Fewer. Thank you. Fewer. I'm the worst. That's right.

SPEAKER_191: All right. And so then now we have, yeah, amounts. Is the average seed deal valuation, uh, this year. What do we think the average seed deal valuation in 2023 will be up, down? Yeah. I mean,

SPEAKER_309: obviously down. Yeah. I feel like the bigger question is how far down?

SPEAKER_88: Like, do we go like, it'll be like nine or something. Seven. Yeah. Nine. I think it'll go

SPEAKER_61: down like 10%. Yeah. I think it's when you're at these seed deals, it's like, we're putting in 2 million. We're putting in a million for 10% for 15%. It's it, it all comes out in the wash. Uh, so you,

SPEAKER_63: if, if you love the company at eight, nine, 10 or 11, it probably doesn't make a difference. You don't need to have too much discipline there. You love the company you're getting in for eight to 12,

SPEAKER_62: a million dollar valuation. I also are not going to care.

SPEAKER_134: I got another spicy take related to this. Another hot take. Go ahead. I think, uh, Adams are going to be more in.

SPEAKER_17: Oh, okay. Because of sass duration. I think you'll start to see a little bit of a return to

SPEAKER_63: real world stuff. Okay, great. What startup will make the biggest impact in 2023? We talked about last year, be real, Andrew, tick tock.

SPEAKER_55: Yeah. I think 2023s will be, I mean, obviously you got it. You cannot go into 2023 without talking

SPEAKER_17: about open AI. Sure. But I would not take my eyes off of, um, some of these big, interesting energy related startups. Like I wouldn't take my eyes off Commonwealth fusion, considering the breakthrough that was just announced on the government side with fusion or even like an Arcadia, which is, you know, like a unicorn that's kind of revelation, revolutionizing energy use. I think somebody who figures that out, especially given the like huge challenges with the grid during the bomb cyclone storm in December there, I think energy is going to be a hot topic and that there will be

SPEAKER_33: a really impactful startup in that space. Okay. Energy sounds like a good one. I I'm going to,

SPEAKER_57: um, yeah, this is a hard one. Um, it's easy to say, uh, you know, AI,

SPEAKER_00: you know, open AI, that kind of stuff. Um, but I think robotics could be, um, general robotics combined with AI. And so I'm going to go with Tesla's robot. They showed it. I was at the developer day when they showed it, um, their AI day rather. And, you know, people were like, okay, you know, Boston dynamics more impressive. Okay. But you're doing it. I just think the fact that they are going to have these rope general interest Tesla robots at the factories doing real work that, uh, what they've learned from self-driving is very analogous to walking around, you know, avoiding obstacles, all that stuff you're putting in self-driving cars. It's the same and easier for, you know,

SPEAKER_60: the optimist or whatever they're calling, um, whatever Elon's calling it. Uh, so anyway,

SPEAKER_61: I'm going to take a wild card there. I think that one Tesla bot is going to be the one

SPEAKER_00: that could have the biggest impact. In other words, it starts working in the factory. People see it doing stuff and then people start ordering them and people start their own, like, why wouldn't

SPEAKER_63: Amazon then create a competing one? Cause they already have the floor robots. So a standing robot is the next thing. And then we might be seeing in the coming years, your delivery packages, you know, getting off a truck. It might be, you know, you have a driver for the truck and then you've got, and the back of the truck, general interest robot carrying stuff off the back of the truck and

SPEAKER_155: handing it to a human or handing it to you at your front door. Jesus. I mean, if that comes by 23, that's going to be bananas. I like that. That's a flyer and I'm into it.

SPEAKER_326: I think it'll have when I, so this was phrased as biggest impact. I think we'll see like an example

SPEAKER_63: of it, just like cafe X shows you an example of it. Then people are going to see an example of it and it's going to inspire a wave of innovation, just like chat GPT is inspiring a wave of innovation. So that's how I'm interpreting the question. Biggest impact in 2023. Super fun.

SPEAKER_00: Overrated hot new vertical Molly for 2023. We would agree things like 15 minute delivery. And, um, we're the, we're the ones. Yeah. Probably not. It was, I haven't,

SPEAKER_72: uh, what do you think would be overrated? Overrated. I mean, ironically, it could also be fusion.

SPEAKER_17: Right. Fusion could either be the most impactful or the most overrated. Like, I like that. It's one or the other, right? It's going to be one or the other, the most or the least. But I, despite everything we have said about AI, I think there's going to be like, I, you know, in my first year as a climate investor, I felt like I was fighting with crypto all the time. I think in my second year as a climate investor, I'm going to feel like I'm fighting with AI and generative AI all the time. And I think that despite it being amazing and a game changer, that once AI hits the real world, it's going to have the same problems like chat GPT connected to the internet is going to have the same problems that have stopped Google from releasing it so far. So I actually think that's going to probably be pretty overhyped because you can get 80% of the way there, but the last 20% is just like, just like, um, autonomous driving.

SPEAKER_55: The last 20% is what kills you. Literally. Exactly. Am I overhyped is going to be AR

SPEAKER_00: because Apple released the goggles. Yeah. People will not have use cases for it. So very similar to like when the iPad came out or the watch or 15 minute delivery or, you know, DAOs or some crypto project, everybody's going to be very hyped about AR, but they're not going to use it yet. It's going to be too early. It's going to be too expensive. And so the hype cycle will be very similar to the VR one, where if you remember people were buying PCs and hooking up 20 different Oculus devices, it's just going to be like, people are going to lose their minds. And then it will go through that little

SPEAKER_61: trial of despair while people try to figure out what applications and why they should buy this $2,500

SPEAKER_62: device or $1,500 device. Yeah. Uh, so it's a great way to go, it will go through a little over

SPEAKER_61: hypeness and they probably won't be available in some large ways. The other probable, probable thing, there might be a waiting list for them. Well, there won't be very much somewhere. It'll

SPEAKER_152: just be like eight KTVs or something. Remember like, remember whenever it doesn't have 3d TVs. Yeah. And it was like, my son watched the Harold and Kumar, like 3d Christmas movie the other day to watch 3d without 3d is hilarious. Oh, okay. Talk about an artifact.

SPEAKER_17: Hmm. Like a moment in time. Yes. When everybody thought there were going to be 3d TVs at your house. And so now you can stream movies on Netflix that have this like BS. I mean, I never thought

SPEAKER_15: everybody was like, no, you're not going to do that at home. I think AR is going to fall into the same

SPEAKER_00: category. Will fundraising landscape be better or worse this time next year, better or worse this time next year. So they were saying, you know, our producers are in terms of predictions, you know, at the end of next year will be better or worse than this time. Hmm. And what is so what is better

SPEAKER_08: or worse founders for founders? So let's ask this two different ways. Mm hmm. Overall 2023 versus 2022.

SPEAKER_00: Will 2023 be harder overall when compared to 2022 or easier? 2022 has been pretty hard. Yeah, obviously.

SPEAKER_29: Yeah. So then do you think it'll be harder or easier? I think it's gonna be I think it's gonna

SPEAKER_17: be harder. I mean, there's a there's just a Yeah, like, first of all, there's the actual reality of it being harder. And then there's the group thing part of it. Like the everyone is like, it's harder.

SPEAKER_71: So it will be harder. Okay, over unders launch investments. Oh, that's for us.

SPEAKER_11: Oh, 100 of 100. I'm gonna go under slender 100. It's this is such a good line because

SPEAKER_62: it is a wild card is founder university and you know, the accelerator. So being able to keep scaling those

SPEAKER_71: Yeah, so that could be I mean, well, we're including follow ones and we could follow once I say over. Yeah, I'll go with over if it's included. Okay. Once. New impactful. You want to take a guess

SPEAKER_46: there? I trust your boss. Yeah, exactly. It's kind of like, sounds great.

SPEAKER_363: I'm going to go against the boss. I think you're going to underperform Jake.

SPEAKER_55: I know your leadership of this organization sucks. I knew you're the if you decide to stop at 99, then yes, a new impactful social media apps

SPEAKER_91: that jump on the scene. Okay, how many b reels will there be next year? They set the over under at three breakout b reels even breakout as breakout as b rail or paparazzi. I say under I think there's always one or two of these. I don't think there's three. I can't name three from the last year.

SPEAKER_139: Mm hmm. I can really Yeah, no, and paparazzi barely made a dent. That's only in our little world.

SPEAKER_108: Yeah, I think that I think interest in social media is going to as a as a thing that you want

SPEAKER_17: to launch is really going to wane because there's so much regulation, there's going to be you know, there's going to be ongoing talk of privacy. There's like Twitter backlash. There's just this. There's also this like growing realization that social media is kind of net negative. So even trying to start one that's like better. I think is unlikely. I actually think you're going

SPEAKER_241: to see an exodus from that space. Like I think people are going to be like, no content management,

SPEAKER_61: not for me. I'm out. Okay, here we go. They want us to do the big five tech companies,

SPEAKER_09: Amazon, Apple, Google, Microsoft only for these, which one of these will perform best by stock price

SPEAKER_17: and which won't be worst. Okay. All right. Amazon, Apple, Google, Meta, Microsoft as measured by stock price appreciation. See, this is tricky because I have the one I think is going to do the best. But it might not be the best by stock prices appreciation. Okay, explain. Okay, so I think Microsoft is going to be the best performer of 2023. I just think they're doing everything right. However, I don't think their stock has lost as much ground as Meta, right? And I think Meta as we discussed is poised for a bounce. Okay, it was going to be very irritating to me that actually Meta is probably going to pull it out

SPEAKER_60: here. Okay. Yeah, I was going to go with Meta as well. I said it earlier. I think that they're going to take the medicine. I don't think suck likes losing. So I think he's going to take the medicine, which big tech stock will perform the worst in 2022 out of this group by stock appreciation. Gosh, I think it's going to be Google. I think the ad headwinds are going to be brutal. And it's an ad based business. So I got to go Google. But I might think Apple might have a hard time too. But people love Apple. It's a darling. And it's got a lot of Apple recently. So

SPEAKER_00: I'm going to go Google. I think Google is going to have a hard time with the chat GPT sentiment and

SPEAKER_323: advertising being off. So right. I'm going to go Amazon. Go Amazon. Okay, why consumer

Jason Calacanis: getting weak cloud consumers get weak. There's a little more I think cloud spending might get cut. I think if a I mean, AWS is it like, interestingly, it's a non diversified company right now. And

SPEAKER_17: you know how I feel about the amount of money that they're spending into content, which is a black hole. And I think they haven't learned that tough lesson yet. Which consumer startup will perform

SPEAKER_77: best in 2022 measure by stock price appreciation, Airbnb, Airbnb, Uber, Spotify, or other Airbnb,

SPEAKER_11: I think it's been fully priced. I think they did so good that they got fully priced. I think Spotify

SPEAKER_00: is a really tough business because they give so much money to the music. So I'd go with Uber. I'm talking my book in a major way here, but I think Uber is going to do a significant riff.

SPEAKER_11: Uh, they said they weren't going to do a riff. I think they're going to be forced to. And I think when they do, and they'll be clearly in the Airbnb money printing, whereas they're free cash flow now,

SPEAKER_61: but kind of like, are they still people debating? Are they actually profitable? Are they profitable enough? I think they're just going to rip the bandaid off riff 15, 20% of the company, cut some more costs, whether it's stock based compensation, whatever, and just immediately get to profitability and then

SPEAKER_60: start being perceived like Airbnb as a hundred billion dollar company, as opposed to a $50 billion company, get back to being a 60, $70 share, as opposed to a $25 share. So I'm going Uber, what do

SPEAKER_17: you got? This isn't even my book. And I think this is a no brainer. And I don't think you can even we, you, we have not priced in the fact that like a lot of people are still not traveling and they

Jason Calacanis: will be soon. A friend of mine actually, who lives in the Netherlands, I just posted on Instagram. She's like, I will be starting to travel again in 2023. This is going to be the year that I think

SPEAKER_17: a lot of people who are on the fence, a lot of conferences that were still hybrid, right? You're still seeing a lot of virtual conferences, like travel, business travel is only going to increase in 2023. And that is all good news for Uber. So I think you start to see, you know, they've gotten to the point where it was like parody now with the rides and the deliveries. And then I think you will start to see in 23 rides shoot up. Yeah. Okay. Big year for Uber. Big year for Uber. Okay. I own

SPEAKER_57: like 50 shares too. So I'm freaking stoked. Is Zuckerberg still met as CEO at the end of 2023? I say yes. I say no before too. There's a possibility of no, but yeah, I go yes. Look,

SPEAKER_04: it's crazy talk. I predicted the same thing like five years ago, one year, just like on a rand,

SPEAKER_17: like on a flyer. I was like, he's gonna, he's gonna be out. This could be the year. If they don't continue to take the medicine, and they don't make metaverse cuts, like I think it's going to be under a lot of pressure. And frankly, I don't think he wants to do it. He doesn't want to do the

SPEAKER_61: Facebook stuff anymore. Okay, let's go right to IPOs. Okay, over under 177 number of IPOs past four years 2019 232, 2020 480 2021 1035 2022 177. So they're saying, basically, will there be more

SPEAKER_120: IPOs next year? Then this year? That's a good we talked about on the Tuesday show directly last week,

SPEAKER_17: we talked last week about direct listings that could juice this number a little bit. I think so under 22,

SPEAKER_139: which was like in the tank. Yes. I think it's gonna be over 2022, but not much over, because I think it's still going to be like a pretty flat year on the stock market. Yeah. Okay, there it is. When VR is

SPEAKER_55: set to replace the iPhone, I think never, I still think never, I think we will get implants. Here's

SPEAKER_17: my hottest take on VR, we'll get implants, AR implants before we get before VR replaces the iPhone.

SPEAKER_108: Like there will be some sort of ambient computing solution that we still have not figured out yet. Sounds good. But nobody's wearing glasses everywhere. No. Yeah, I just think the glasses,

SPEAKER_61: and now you look like a dork in lesser sunglasses. I have the Bose sound, you know, sunglasses, which

SPEAKER_63: I love because when I'm with the kids or something, and they're playing in the park, I could listen to a podcast on the sunglasses and hear it. Other people can hear it. And I can have a conversation with people and I can lower it, but my finger, these Bose sunglasses are dope. I mean, AR will in five

SPEAKER_62: years, AR will have replaced the iPhone. Yeah. Yeah. So that's what I know. Yeah, so I I'm hard no on VR. I'm a hard yes on AR, but I'm a hard yes, like AR 10 years from now. I don't know when they become

SPEAKER_63: sunglass light. Is that five years from now or 10? That's not that hard. Like I think we're in the brick

Jason Calacanis: cell phone mode. What do you think? We are, but I don't think it's that I don't there's there like

SPEAKER_17: meta just Facebook did those glasses that have a camera. I don't think we're that far away from being able to miniaturize. I think it's the software and the experience that's still the hard part. I would go

SPEAKER_108: five. I think in five years, nerds like us will be wearing glasses instead of looking at our phones and our neck pain will be gone and it will be amazing. Let me please have this immediately.

SPEAKER_00: Yeah. Uh, okay. There you have it folks. Uh, that is our predictions for the year and we will see you tomorrow with just regular news. We're back to the grind.

SPEAKER_155: I can guarantee you one thing. We'll still be here, rocking it, having an awesome 2023. Yeah. Yeah. We're going to fight. We're going to fight through this recession. We'll be here.

SPEAKER_270: Great time to start a company. Great time to invest in companies. The bottom of the market is where the

SPEAKER_61: fortunes are made in my experience. Your mileage may vary, but I believe fortunes are made in the down market and they're collected in the up market. Welcome to the down market, Molly. Uh, now you're starting the race at mile number one, right? Let's get to the beginning of the marathon. It's awesome. Congratulations.

SPEAKER_416: It's a new year. Let's get to work. Let's go.

SPEAKER_417: Let's do the work. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye. Bye.