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going live hello everybody testing one two testing one two oh my God here we go sup
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Kevin all right all right we are live we're live hey to our audience Live on YouTube let me make
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sure turn off some one moment while I turn off somebody's got their sound on okay
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everybody's got their sound off and we are live here on the YouTube Welcome everybody am I hearing
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somebody no yeah someone has their sound is that you Jason maybe it's my computer
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hold on Jam you're live say hi hey what's up everybody I I'm watching you guys here
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and then I have it streamed here right but I don't see it live it's not live it's actually delay my other
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computer it's on a 20 second delay yes we're on a 20 it's on a 20 second delay is that your decision Nick for uh
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cancellation purposes or no you can press the button at any time if you say something that's worth cancelling all
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right let me open the show properly uh here we go in three two all right everybody welcome welcome to the Allin
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live stream celebrating 500,000 subscribers on the YouTube do us a favor uh give us a thumbs up and go ahead and
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tweet and share we've got about 250 thumbs up this is how you break the algorithm if you give a thumbs up we're
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now at 400 thumbs up 3,000 people watching we want to get the number of thumbs up to match the number of people
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watching live what does that do it breaks the algorithm and then uh it shares the show with everybody go ahead
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and tweet it we have taken questions for the last I don't know 3 days producer Nick put the stream up
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early and uh with me today of course your chairman dictator chamal popatia and the Rainman yeah David Sachs at some
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point the queen of quinoa the prince of panic attacks the Sultan of science will
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join us but for now uh we're sitting here in the Afterglow of the Trump uh interview where is quino by the way
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nobody knows nobody knows we've sent a group out for uh the queen of quinoa and nobody knows where he is did you did you
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send send somebody to Sweet greens or the organic vegan is at Whole Foods maybe absolutely he's
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he's oh it's starting already man you you show up late you're gonna get barbecued uh all right let's kick us off
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here with a little of the Afterglow Sachs I understand that you got a phone call this weekend fill the audience in
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oh God please don't start giving us tips 100% do not do that I see somebody just
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gave a $10 tip do not give us any tips don't do that what is that that's real money they just yeah this is like a
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thing on YouTube I guess only the people who are subscribers to the channel can be in the chat but you can also give uh
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what's called a Super Chat uh so Dan Dan the crypto gave us a $10 Super Chat and then that puts their little logo and
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their chat up on the top but I don't think we want you guys to send us money please don't do that oh top chat oh plus
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five plus 11 likes wow yeah so it's just a way for you to get uh a little bit more play and but just please don't tip
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us stop don't um sax fill us in oh looks like Dave has entered the should we let
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Dave in or no he's in we'll admit him he's in okay oh no here we go Stefano now is giving us a
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$5.99 pound I guess he's from a oh my God here he is how you how you doing there buddy we are Live on YouTube right
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now by the way we are yeah we are yeah how do I see what people are saying have to go to YouTube you have to go to
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YouTube turn your volum have to go to YouTube and click on the link but then you have to turn off the volume okay I
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see all right what's going on uh well um apparently we have, 1600 uh thumbs up and
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4,412 people watching live already okay everybody go ahead and give us a thumbs up please do not do Hank I just told you
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guys do not give us super chats he just Hank Leber just gave us a $20 Super Chat
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God damn it stop it uh Atomic whooosh gave us a $10 Super Chat stop giving super chats I'm no we're doing in that
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to the Trump campaign all tips will go to we go to for the Humane Society of the United
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States oh look at this guy trying to score points how about it goes towards my PC2 how about we do that goes to PC2
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all right everybody are you are you reading questions jao oh God bill just gave us a $99 Super Chat stop giving
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money to US Li give him a trump donation link all right um so I hope this doesn't
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blow up in your lap but uh sax give us your uh give us what happened post the the Trump thing you got a special phone
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call this weekend yeah yeah the president called to say that uh he enjoyed the experience and to thank us
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and he even said even thank the you know your your co-hosts who who aren't fans of mine he want to say hi to you guys
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too oh so but talking about me or talking about free well I said to him that the two
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liberals well I said that even the um you know my co-hosts who aren't fans of his is had to admit he did a good job
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and he said well tell tell them I said hi too so oh okay so you sbag us with the president got it thank you why did
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you say that Trump didn't do a good job uh he and I really like each other in fact I think of all of us he was he
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called me last November that's how this whole thing started if you remember no he called he called chamath a friend oh
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there you go and uh well he he he said uh you know one of the other guys is a friend and then he says say hi to the
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other two as well oh all right well president Trump he like look he he liked the experience and he what he told me is
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that he's heard nothing but positive things everyone he runs into or talks to says that they saw him on the Pod and I
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think it's like it's very weighted towards business people so when he meets with business people they're all like go
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I just saw you on the all-in Pod so uh he was saying he said we have a big hit on our hands
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he said uh he said we're like TV stars now it's incredible imagine if uh if we had if we didn't have to push sand
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uphill with some of these folks I mean try trying to do the obvious things I mean it's unbelievable
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you guys unbelievable easy to admit in hindsight no well let let's go around the horn here uh we are now uh a couple
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of days post the interview I'm curious chth uh with a little bit of time between the interview I'm sure a ton of
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feedback what do you think were um the most important moments of that interview for the audience for Americans and for
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the voting public um well I thought you saw somebody that was um frankly very presidential um I think he took all
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questions and internalized what he wanted to say and gave his version of The Facts where we didn't interrupt we
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didn't cajo we didn't Pander um we asked a question and then we stopped and we allowed uh the former president and
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someone running for current president to speak his mind and put it on the record
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in a way that people can listen to and go back to and I think that that's really the most important thing the
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second most important thing um is that I really want this platform to become a place that can convene
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uh these kinds of thoughtful conversations and it takes a lot of investment frankly you know upfront um I
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think it takes a lot of effort um and I'm just glad that we were able to get it over the finish line and I feel I
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feel like we really accomplished something important so I feel really good about the whole thing bber um I'm
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sure you gotten some good feedback and we've had a little bit of time and I saw you were reading a lot of the press hits
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and we were talking about that on the back channel uh coming out of it what do you think the the important moments were
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and what do you think the public uh what resonated with the public I don't know I think people just like a
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long form conversation with I mean all these guys from Viv to Dean Phillips to RFK Jr to Chris Christie having Trump on
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I hope Biden will come on the long form format I think gives everyone a much more kind of authentic and genuine
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experience with the the person that they're think about or considering in the voting so all the rappers around who
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this person is can kind of be suspended for a minute and maybe just hear a little bit from their mouth directly
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about the issues um and allow all you know all the judgment to kind of happen outside of that context but let them
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speak and let's hear the voice of the person that is running and I'd love to do more of that I think it's super
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helpful to hear the long format um discussions I've heard so many people by the way reach out to me about Jared
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kushner's interview on the show that they were so surprised how different he came across relative to what they've
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read about him and heard about him and he's never done much long for until the show and that that made a real
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difference for people so I I hope you know I'm not saying anything positive or negative one way or the other I just
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think like the format's great so hope we can do more of it and then you can judge
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if you think they're fullish [ __ ] or you think they're legit you know sax uh a
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lot of back and forth uh and people perhaps saying the Trump Administration walked
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back president Trump's comments on green cards for anybody with a uh college degree he said you staple
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it right to the degree there was a comment I guess from somebody on the staff hey but these are going to be
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super vetted uh and you know I guess the cynical folks were saying oh he walked it all back I didn't see it as a full
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walk back I saw it as yeah probably thought be thoughtful we don't want to let somebody hack the education system
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to get a green card if they're in fact a terrorist or something so what did you think about that exchange I think that's
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the one that got covered the most in the media well I think that what they were talking about was adding some sort of
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vetting process because if you allow every single college or university even second or third rate ones to give
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unlimited green cards which is basically citizenship to anybody they could turn into diploma Mills that are used purely
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to you know circumvent the normal citizenship rules so I get that concern there has to be some sort of vetting
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proc process there probably does need to be um some sort of limit on the number there probably does need to be a real
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skills requirement there probably does need to be a limit on which kind of Institutions have this power because you
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can't just give the um entire immigration system over to our colleges and universities to run yeah maybe not
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University of Phoenix yeah so look I think there are legitimate concerns about the ways in which a proposal like
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this could be abused but does that mean that that uh everything Trump said was invalid I don't think so I think that
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Trump expressed the right sentiments and the right values which is we want the best and brightest to be able to come
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over to the United States we want to have create the Dream Team here uh we want to have um High skill immigrants I
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mean he said all the right things there and I think it's just a matter of figuring out how do you actually
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Implement that policy but I think he overall helped himself on that question especially in the Tech
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Community yeah that was the uh most positive feedback I got was hey thanks for asking that question and pushing him
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on it uh because it matters and I think there were there were a couple other questions I thought were really
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important um you know one other one that you asked that turned out to be very important was the one on abortion and he
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was extremely explicit and clear that he would not support a National Abortion ban just yesterday we got our first uh
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the all in pod became context for our first Community note correcting the vice president and maybe the president too
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because Kay Harris was out on X yesterday claiming that Trump would impose a National Abortion ban if he were to win
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a second term I think it's really clear that he does not support that and um and
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so people were uh or you know taking that clip from our show and and putting it on there I tweeted that clip yeah so
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I think that I think that was very important I think it's another example of um Trump helping himself with that
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interview by the way he could have given the wrong answer too you know um there are people who who don't like that
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answer but we think it's the right answer and I think it's the right answer for him electorally but he gave he gave
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the right answer chances of him coming back sacks I think they're pretty good and pretty good just just one other
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question I want to point out so I think the other piece of news and I think it really should have been far bigger news
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was when I asked him about Ukraine and he said that NATO expansion had played a major role in provoking the war [ __ ]
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farage in the UK who's running for prime minister on the Reform Party came out the very next day and said the exact
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same thing and there was a huge firestorm in the UK press because they're even more belligerent and
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bellicose over there they I mean they are like spoiling for a war and there was an absolute pandemonium and um in
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the UK press over farage saying that but there's abundant evidence that farage is
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correct and there's abundant evidence that Trump is correct and I think that the two of them saying this now almost
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the same time I think that Trump saying it first actually helped make it acceptable for faraj to say it but I
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think both of them now saying it um after a lot of academics have said it uh Jeffrey Sachs John mimer I think that
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just to finish the point I think that it could now break open this uh debate over
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Ukraine and help us to get to peace solution all right I remain undecided would like to ask Trump a couple more
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questions I felt like uh the interview flowed really nicely and I appreciate president Trump coming on would love to
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have President Biden come on as well I don't know if that's going to happen but let's get to your questions couple of
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housekeeping uh notes here um we will be having another uh all-in Meetup you can
00:15:18
go to more than 50 meetups that are happening around the world on Thursday July 11th go to Allin podcast.co meetups
00:15:27
Allin podcast.co meetups uh to join or host an event Nick will drop the links in the YouTube chat and uh as for the
00:15:37
summit quick housekeeping before we get to your questions um we uh are holding back a
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couple of hundred tickets for scholarships am I correct freeberg or anything you want to let people know
00:15:47
about the summit before we get to questions it's GNA be amazing okay it's gonna be awesome we have some really
00:15:52
great speakers uh we want to try and announce everyone together which we'll do in a couple of weeks but we just open
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up 200 more tickets which we were we were holding back so uh the first batch all sold out um we have 200 left if you
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go to Allin podcast.co or Allin Summit I actually don't know summit. Allin podcast.co summit. Allin
00:16:17
podcast.co okay uh can submit an application um we are is the scholarship form up yet or we're GNA put that up
00:16:24
couple weeks okay okay so we're gonna put that up last minute I guess all right let's get to your questions
00:16:30
everybody once again give a thumbs up for your squad hit the Subscribe button share it on your socials and uh let's
00:16:37
get started uh here's a great question for all the besties Dave's Dynamite asks who's your dream guest for the show who
00:16:46
is your dream guest for the show Cham op to dream guest Dave Chappelle oo nice really nice he would
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be extraordinary Max your dream guest came on last week so I'll just ask you who is your second
00:17:02
dream guest to come on the Pod well I like Biden to come on the Pod and submit to the same type of questioning that um
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Trump did okay at this moment in time you say Biden that was going to be my answer as well freeberg uh tell us which
00:17:16
fictional uh science fixure character from Dune you would most like to see on the program as your guest great question
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jcal uh but my answer is Javier mle oh great pull great PLL why I think Javier Malay represents the
00:17:34
salvation of the West and I think that um much of the West is headed in a kind of direction
00:17:46
that he's I think described well which he generally calls kind of socialist policies that negatively impacts
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productivity and progress and Argentina learned that lesson hard and over a long period of
00:18:00
time and he has kind of Superman like gone around the world flying seven times around the Earth in Reverse time and
00:18:09
Tred to kind of revitalize that that that that country and that economy he's gotten foreign dollars to go back into
00:18:15
Argentina he's run a government surplus um unemployment is declining all the benefits of having free markets and
00:18:23
having capitalism Drive progress for everyone um seems to be playing out in a very short period of time in in
00:18:29
Argentina and I think that he kind of represents the the next phase of um you know what what could be a nasty decade
00:18:37
or two ahead you know now that I think about it that we're talking about world leaders NBS xiin ping was to be
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incredible guest as well huh Jim yeah I um I think there's a decent chance we'll get um at least one of
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them all right there you have it folks all right Manesh Dev asks us how do you view Ai and how it will influence your
00:19:03
kids education saak uh I know you're super involved in this so what are your thoughts you have three kids by the way
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well I think I think the way that AI is going to influence education is that you
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could create highly customized AI tutors and so I think the revolution could be that every kid can now receive again
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specialized bespoke custom education as opposed to being on an assembly line I mean the way that we make education
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today is the same way that we make you know Fords or uh or McDonald's hamburgers right it's a big assembly
00:19:41
line where you create a large batch and you just move it forward and some people
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need to go at a different pace some people need to go slower some people need to go faster some people need to be
00:19:53
on a completely different type of conveyor belt and you don't get any of that right now and with a die you have
00:20:00
the ability to cost effectively deliver again a highly customized education experience for every child so I think
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that's where it's going uh but it's going to take several years to play out yeah and this is referred to in the
00:20:13
industry as adaptive learning if you want to go take a look at that chamat your thoughts on AI and our kids future
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I'll I'll expand the question a bit uh not just education but how will it impact our children's career choices and
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lives generally wow I mean I think that um I think the nature of work is going to change really profoundly and I think
00:20:39
that right now we have not equipped people to take advantage of it so the things that are like known knowns to use
00:20:50
the Donald Rumsfeld quote will be automated away um unknown knowns will also be automated away because that's just about
00:20:59
computational horsepower so any job that you did that's formulaic will get replaced probably by a robot and any job
00:21:08
where you're making guesses but the answer can be inferred or known that job will go away as well so what's left over
00:21:15
I think it's judgment where you have to express some error rate and that's acceptable because the job requires you
00:21:23
to judge something and people like that um now the question is how do you train kids to have judgment and this is where
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I think we have really let kids down you know where does judgment come from it comes from experience where does
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experience comes from it only comes from failure where does failure come from it
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comes from a culture that celebrates resilience and says go take these risks go try some stuff it's actually really
00:21:48
good that it didn't work let's talk about why um instead if you live in a world that's all about coddling folks
00:21:55
and microaggressions and window dressing um the kid won't be resilient the kids don't take risks yep uh and then there's
00:22:03
just a parade of Terribles that leave these people inex experienced and without judgment and then I think the
00:22:09
computers just run over these folks I have been giving this a lot of thought as well and I have been having my
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daughters go to the store on their own with money to buy stuff and doing all this kind of you know resilient
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adventurous activities with them having them take risks do dangerous things or or what maybe helicopter parents would
00:22:30
think are dangerous things cuz all that's going to be left if you can get the answer to any question if you can
00:22:35
everybody's a good painter writer photographer designer coder what's left taking risk right like to your point
00:22:42
shth and having grit and maybe being a great communicator and a great leader free Berg are you thinking about this at
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all ai's Impact and and how it's impacting how you parent your children I mean I think it's
00:22:59
just finding leverage the um the transitions that are possible with every technology Frontier in human history
00:23:07
have been ones of Leverage where the human role can scale up and you know does it really matter if you know how to
00:23:14
do good handwriting when everyone's typing uh does it really matter if you know how to type if everyone's dictating
00:23:21
um and what can you really do that differentiates you at that new up level and I think that's really important to
00:23:28
think about I think a lot of people transition from a world of um labor to design like you become
00:23:37
Architects and um what the implications of that and how to be successful in that
00:23:42
environment is how I would kind of think about re-education and how I would think
00:23:46
about motivating success okay Ted Zang asks been watching the podcast for years now as a 23-year-old out of college what
00:23:54
are your pieces of advice for getting into bigger rooms with more intelligence smarter well-connected and able
00:24:01
individual sax you were part of the PayPal Mafia you got yourself in the room part of the Stanford uh Community
00:24:08
as well what's your best advice here for for Ted who's looking to get into the room where it
00:24:17
happens it's year four post pandemic kids still on mute okay I think um I I would just I would just generalize the
00:24:25
advice a little bit more and just say that the advantage that a young person has is that you have the ability to be
00:24:34
obsessed in a way that when you get older it's harder to be that as you get older you get more responsibilities you
00:24:41
have family you want more breath in your career I think when you're young you have the ability just to focus on a
00:24:48
particular area be really obsessed with it and um I mean it's kind of a a magical thing it's kind of a superpower
00:24:54
that younger people have that it gets hard to maintain level of um you know Focus as you get older so I would lean
00:25:03
into that I would say find something that you're excited enough about to be obsessed obsessed with that's that's my
00:25:10
kind of generic career advice uh chth uh you came out of nowhere uh to find yourself in you know the room where it
00:25:21
happens that AOL room where it happens inventur land and at Facebook you've done it a couple of times how does Ted
00:25:29
get into the room where it happens well I think Ted needs to um embrace the idea that his life is going
00:25:39
to be made of chapters and I think that some chapters will work some chapters won't
00:25:48
work um some chapters will work incredibly well some chapters will be benign in his life and so you have to
00:25:56
just sort of take a shot as best as you can when the shot presents itself the the reason why I say this is
00:26:06
that if you view your life as a series of chapters the real problem is going to be everybody else because they're going
00:26:13
to want to Define You by one chapter and that's because it allows them to compartmentalize their shitty life so
00:26:21
you have to be very careful in not allowing the expectations of other people to drag you down this is like you
00:26:28
should live eight or nine careers you should try seven or eight or 10 or 15 different things in your life um I've
00:26:37
had many chapters from cashier at Burger King to entrepreneur to Executive to rank and file worker to investor all of
00:26:47
it and it does not one is more important than the other and the only people that
00:26:53
will try to make you feel good or bad about anyone chapter are the ones that are just
00:26:59
completely impotent and on the sidelines and they can't get out of their own way
00:27:02
so don't so just view your life as a series of chapters and just try your best and don't be afraid to take risk
00:27:08
you're saying also don't over index on other people's opinion I think that's something you and I have talked about
00:27:13
you fell victim to that maybe a little bit in your career you said well I just think people will try to pull you into a
00:27:17
culdesac because they themselves are Frozen all right uh freedberg uh listen yeah ignore the haters uh focus on your
00:27:27
your craft and your skills uh freeberg I know that you've been torn 1989 era reputation era lover era what what's
00:27:34
your favorite Taylor Swift era at this point I know you've gone back and forth what I'm just [ __ ] with you I'm
00:27:41
telling you the Taylor Swift ER is as if you would know I don't know well what is
00:27:45
Taylor Swift's erors I don't know this stuff reputation ER people are just obsessed with Taylor Swift it's it's
00:27:52
crazy how much people are obsessed with did you guys see did you guys see that Travis Kelsey went on stage in Wembley
00:27:57
with her I I did see that I hope he didn't try to sing No but he did dance and it was
00:28:03
pretty good I thought I mean that's got to be a lot of pressure to go there in front of 100 thousand people and not you
00:28:08
know totally be two left feet he did a good job I thought yeah uh no but any he saw if you saw what he was wearing at
00:28:15
the Super Bowl you know that he doesn't mind uh making a fool of himself so she's a she's she's a star she's such a
00:28:22
I would like to go to the error store just to to soak it in right just to check it out same I I I I would mind
00:28:28
going to it either there I I there's a 5050 chance I go to it in Milan oh let me know
00:28:34
the doesn't she perform for like three or four hours I mean these things are thing it's a whole thing yeah it's a
00:28:42
whole that a long performance and I guess people don't get sick of it what's the total revenue on this sick of four
00:28:47
hours it's like more it's like two two two billion three billion right it's like an insane Hall and she owns all the
00:28:53
equity like a good it's like a good quarter multiple of okay it's a good C Invidia went up that much in the LA
00:29:01
since we started the live stream all right your donations as you know today if you do a super chat all
00:29:07
those donations go to the HW Tua fund to help her find a new job thank you to everybody donating is it true the HW Tua
00:29:14
lady got or the girl got fired the woman I don't know this is just a rumor but I
00:29:20
mean it's kind of taken over everything no I saw something I don't know if it's true or not but I saw online that
00:29:26
apparently she's a preschool teacher and they you know they didn't like I mean I
00:29:30
thought she was funny of course it's course hilarious she was super funny what is the big deal why are people so
00:29:36
like uptight I don't know apparently some people think she might be a bad influence on their preschool age kids I
00:29:41
don't buy it my God no she's an adult it's an adult kind of goofy thing stop with this pandering look at thisand
00:29:47
here's the deal my my wife was really upset because I made it sound like I wasn't happy with these two dogs here
00:29:54
they are when they showed up the stre I rescued these rating is going up in in Italian in
00:30:02
Italian they're called bardini yeah this is a bardini this is a little Italian Bard that's the bastardino two of them
00:30:09
are bastardino oh is that bardino kacho is that what you had the other day the bestard
00:30:13
bardino oh so so wrong um all right let's keep going here oh is there any more of this or no next
00:30:22
question all right um oh I'll just give that person Ted um to to um Sax's point about getting focused on your career
00:30:30
when you do find the one thing you love building your social media around that your entire online identity whether you
00:30:37
have a podcast yourself or you make Tik Tok videos or your socials you know blog
00:30:42
substack beehive whatever your jam is just really get focused on one thing that you can excel in I've given this
00:30:48
advice multiple times and doing spec work and showing that you're doing work in the world independent of getting paid
00:30:54
is a very powerful very powerful tool we've seen that over and over again with the all-in creators so don't be afraid
00:31:00
to just do work online and share it with the world uh around your passion okay hey take another question from the
00:31:09
audience here we got the 26y old uh Nick you are also pulling in questions producer Nick is pulling in questions uh
00:31:17
from the audience in real time correct yes Nick okay uh let's see what this is Dominic mcder what
00:31:26
experience and habits systems from your childhood contributed to making you the skilled individuals you are today uh sax
00:31:34
any uh anything from the Rough and Tumble childhood you had in the south of America uh or he's not from the south he
00:31:44
is from the Memphis that's not true yeah I grew up in Tennessee that's right I mean well we moved there when I was five
00:31:49
years old I mean I was originally from South Africa and then my family moved to Tennessee when I was five um you know as
00:31:55
I look back I read a lot when I was a kid H and I didn't really think of myself as an outlier in that department
00:32:01
when I was younger but now I realize that I clearly was and by today's standards it would be you know a huge
00:32:08
outlier you know I can't kids today you just can't get them to read there's just
00:32:12
too many entertainment options or too addicted to screens um It's actually kind of depressing I read a lot when I
00:32:18
was a kid and you find a lot a book a month a book A Week well it's more like if I got interested in something I would
00:32:26
go down the rabbit hole and just kind of read about it until I completely exhausted that I remember I think in
00:32:33
like 10th or 11th grade I learned about Darwin and I had never been exposed to that before and so I ended up reading
00:32:42
you know the the the the um teacher recommended um Stephen J Gould and Richard Dawkins as W modern authors that
00:32:51
I might want to read if I was interested in the subject matter I end up reading every single book by Richard Dawkins
00:32:57
every single book by Stephen J gold not one of them like all of them and um at the time is is what I was interested in
00:33:04
so that's why I read it but looking back that was clearly an outlier Behavior must have been tough for you when Tucker
00:33:10
told you that all that Darwin stuff was actually not true must have been tough it must been heartbreaking in fact
00:33:18
chath anything from uh your childhood on the on the Rough and Tumble streets in Canada that uh you know put a little
00:33:24
fire in your belly today yeah I mean the V diagram is growing up on welfare and getting beat mercilessly by my dad it
00:33:34
turned out to be incredible incredibly valuable okay there you have it folks uh if you can get your parent to beat you
00:33:41
and beat your ass you will be successful well no and and and be on Ware I think those two Ware yeah uh freeberg you lead
00:33:49
you led a Charmed nepo baby life uh tell us how did that inform uh all this great
00:33:53
success you've had oh pass you pass he does not want to talk about his childhood you did that three hours this
00:33:59
week in here I left home early I was 15 years old when I moved out of my home and went
00:34:05
to college and I was like on the road so um I was eager to move on okay so the trauma is real uh we'll leave it at that
00:34:13
I you know what I learned I've learned uh you know you got to run in a pack uh and your just safety and numbers when
00:34:20
you grow up in Brooklyn and uh I I have no fear uh of getting in any kind of an altercation or fight so I do think like
00:34:31
um I did learn to have a thick skin and be tough uh growing up in a bar in Brooklyn I'll leave it at that uh all
00:34:40
right let's take another question here let's see you guys see all these comments
00:34:47
coming in I I mean I can't follow it they're too fast and please stop chats yeah live shout outs it's super
00:34:55
interesting stop giving super chats stop giving money to US how much money have we collected so far I can't even keep
00:35:01
track of it it's just there's like a hundred people have given any amount of money where does that money go Jal how
00:35:06
are you gonna Griff that how I'm trying to figure that out I'm trying to figure out how to get that money into my Nick
00:35:10
how do you make sure jcal can't get his rubby paws on that money Nick can you see how much money it's been total so
00:35:16
far uh not yet I think I can afterwards um I I just want to know is it is it like half an arm of the sweater is it
00:35:23
like most of the sweater is it all the sweater I just want to I think it's like the zipper area
00:35:28
I think we're about I think we're about a quarter way through it um but I see a couple of hundies in here some people
00:35:33
get Brandon gave a 50 Bill gave a 99 I mean people are giving hundies and stuff like that it's just absurd but well for
00:35:39
$1 thousand dollars you can buy the sweater um all right here we go wait you want you want to prioritize superat I
00:35:48
mean the zipper I mean the zipper sorry yeah sure yeah absolutely we we'll we to
00:35:52
give all this money yeah get get the Super Chat guys to say what the Super Chat what is the Super Chat anybody who
00:35:56
gives money will will do their I got a Super Chat question one dollar Frank kenez just gave a dollar trying to sneak
00:36:02
in you can't sneak into the Velvet room for a dollar bro dollar $2 gave the guy outside of just gave the
00:36:09
woman at balazar a $1 tip for a table it's not how it works kid that's not gonna get you that's not gonna get you a
00:36:16
table David S this question is for you oh here we go $20 from Alex Thomas how is the all in Tequila business coming
00:36:22
along and will you allow your fans and Community to invest wait hold on wait I think that we should answer this on
00:36:29
behalf of Sak because Sak has been doing this and every now and then it's like an
00:36:33
Easter egg he texts into the group chat and update I am not a tequila drinker but I will say it looks totally [ __ ]
00:36:43
amazing I can't wait and I don't drink tequila and I cannot wait that's what I'll say I can all I'll say is I saw
00:36:50
it's incred it's really incredible it's really I mean what you have done is really incredible I saw the bottle and
00:36:55
the packaging and my PP got hard I'm just leaving it that it's incredible what I mean where are you this this
00:37:01
thing is going to be a it's going to make more money than anything else we're going to do ever is it manufacturable
00:37:06
Seck like what you that design like are you going to be a hey hey hey hey hey don't reveal too much it's good it's
00:37:12
good it's happening it's happening everything's on track it's one of the most beautiful designs I've really I've
00:37:17
ever seen for we're we're hopefully gon to reveal it we're hopefully gonna unveil it at the all- in Summit yeah and
00:37:24
then you're at the summit you'll be able to if you're at the summit you be able to pre-order it and probably I don't
00:37:30
know exactly when it'll [ __ ] probably give give them the taste of the hierarchy like the super lied and super
00:37:37
limited bottle super lied like it tastes better than what is the thing that you said that's really really good well
00:37:42
we're taste testing against like class isil Ultra which is you know $3,000 a bottle or whatever and it's better than
00:37:49
that yeah that's the goal yeah I am so excited about Sax's sax you just drink you sip tequila with like an ice cube in
00:37:59
it is that how you do it but you would never use this tequila to make like a margarita right no no never okay this is
00:38:05
too much Margarita Jam no you want to use like a Blanco or something and a margarita this is a margarita this is uh
00:38:14
extra on yo so this been this has been aged in a barrel for five years um how the $3,000 tequila I'm blending it up
00:38:22
with some sugar water you just want to drink it over ice I mean some people will drink it neat but that's way too
00:38:27
hot in my opinion that's that's tough but you want to water down a little bit with some ice open it up that's the
00:38:33
right way to drink it yeah you open it up a little bit that's how with saak and I when we would hang at the battery we'
00:38:37
do that I like Sax's move saak came in you know into the whole muguna of uh this this Enterprise and he said I'll do
00:38:45
the tequila give me a quarter million dollars in this LLC and everybody shut the [ __ ] up and I'll be back at six
00:38:51
months and you know what everybody shut the [ __ ] up and he brought it he brought the Heat I am so
00:38:58
excited uh for this you want another Super Chat question yeah sure $50 from Eric okay uh what is one thing that
00:39:06
makes each of you most optim can we allow sorry can we allow anybody that's given Beyond a certain like the 50 bucks
00:39:13
give them a chance to pre-order a bottle I think that's kind of nice how many of
00:39:17
those guys are there no like that's tough to track that's tough to track tough to track the why Nick can you tell
00:39:22
who's given at least 50 bucks for more if they've done that which we don't want them to do let them at least pre-order a
00:39:26
bottle with wait now people are going to do it now people are going to do it don't do that don't do that yes if you
00:39:32
donate $50 we'll get your name and you'll get to pre-order a bottle someone said sent $100 and said this is for the
00:39:37
zipper oh okay we have a very wealthy audience listening right now this is pretty crazy anyway $50 from Eric what
00:39:43
is one thing that makes each of you most get his name so that we can give him a chance to
00:39:48
buy what is one thing that makes each of you most optimistic and motivated about
00:39:52
the rest of 2024 and 2025 well I'll tell you something I have my ad board meeting for uh my legacy Venture funds
00:40:03
and um I was going to write this up it's hard actually to post a PDF in in an X poost um you can do it in
00:40:11
substack a lot easier but this was the first quarter where in since November since q1 of 22 where I have not had a
00:40:21
meaningful draw down in my portfolio so I kind of think things have bottomed so I actually like before I was more optim
00:40:27
istic at the beginning of January not knowing where valuations would be um because a lot of these valuations in all
00:40:33
these private companies are not obviously set by us they're set by third party firms pricing new rounds or
00:40:39
valuation firms that compet to the public markets which are still depressed I mean saaks tweeted about this today
00:40:44
about I think gitlab which is like like a Nutty valuation um but despite all of that um you know that portfolio that
00:40:53
little that section of Social Capital has stabilized and uh that was really heartening for me to see that so I'm
00:40:59
actually just excited that we're beginning the process of rebounding which if you think there's going to be a
00:41:03
bunch of cuts in the back half of this year and into next year um you know these next 18 months um are going to be
00:41:12
okay for the private markets the we tend to price those things forward by that amount if not more so um I think that
00:41:19
valuations are are in a decent place at least looking at the numbers Zak anything you're looking
00:41:25
forward to back half of the Year well I think uh daddy's coming home to the White House that's got me excited
00:41:34
oh your daddy so um but on a personal level I guess I'm you know excited about working on
00:41:41
glue so that's a lot of fun right now so we're gonna we're you know we did a a limited release behind a weight list
00:41:50
and we're on boarding I don't know about 40 companies a week now and then as we do that we discover more needs and
00:41:57
issues issues we knock off those feature requests and then we take the next 40 and so we're just doing this
00:42:03
systematically until we can go ga General availability where there'll be no weight list everyone can just sign up
00:42:08
and we're kind of racing towards that date over the next two to three months that I think that's exciting for
00:42:14
me freeberg anything that you're looking forward to I'm looking forward to the election being over so we can stop
00:42:21
talking about politics number one number two is I'm I'm building a business at ohal I am very excited every day with
00:42:30
the progress we make we are building incredible products we are signing deals with customers and partners every
00:42:37
Milestone is exciting when you're building something new and novel and seeing it work in the market it's pretty
00:42:43
awesome so um that to me is uh just like you know and there's such a long Runway
00:42:49
ahead and there's all these great problems to solve so I love it it's great fantastic uh yeah I Echo uh for B
00:42:57
would be great for the election to get resolved um I am uh super excited about um am I super excited about back half of
00:43:09
the year I'm excited for ski season again uh and I am super excited about some of the companies we're investing in
00:43:18
chamat your point I think the bottoming out has occurred and we're starting to see a lot of secondary offers come in uh
00:43:26
for Shar in some of our fund one two and three companies which or fund one and two companies those are the ones that
00:43:32
have more time to bake so that is actually I think a sign I don't know if you're starting to see that now some of
00:43:36
them are lowball offers where people are offering half off the peak valuation but
00:43:40
it's an offer nonetheless and there was no bid for what 18 months on any of these companies or with the exception of
00:43:47
like maybe SpaceX and stripe so yeah feels like it's bottoming out uh let's well I don't know I mean so I think
00:43:52
there's a huge gap right now between public and private valuations so retweeted Jason Lumin this morning which
00:43:59
choth referred to who pointed at gitlabs numbers I mean this is a company that's
00:44:04
got 700 million of ARR it's public it's valued about 6.9 billion so 10 times ARR
00:44:10
it's growing 30% year-over-year which means it's going to add over 200 million of ARR over the next year it's got 130%
00:44:18
net dollar retention so basically all of its existing customers are expanding about 30% every year which is amazing um
00:44:26
expand that show more just for the rest of the stats Nick click yeah there you go oh no I was if you click show more
00:44:35
you can see the rest of Jason Lin's tweet oh there it is on the side yeah anyway it's actually profitable it's
00:44:40
generating free 20% free cash margins um and again this is only worth 10 times ARR and then if you look at
00:44:48
private markets the last two companies that I talked to which are uh exciting companies they're at 10 million of ARR
00:44:56
and they want billion dollar valuations 100 times yeah and I don't know if they're going to get that like it may
00:45:03
land at eight or 900 million but still they want 80 90 100 times er valuations now they're growing a lot faster than
00:45:10
30% year-over year but are they really going to be growing faster than 30% when they're at $700 million of of scale or
00:45:18
even 100 million of scale pretty hard to do it's very hard to do so there's still
00:45:23
a very big gap between public and private valuations or the question is like which of these would you rather
00:45:28
invest in I mean a company that's totally drisk it's already public it's fully liquid and it's growing very nicely it's
00:45:35
weathered the storm I don't know I mean I you know buying a basket of uh pretty fast scoring SAS companies at 10 times
00:45:44
AR seems like a fairly attractive strategy to me right now uh we just had our first private Equity Firm come into
00:45:52
one of our companies um actually it's happened twice now in the last year private Equity kind of crossover funds
00:45:59
asking to buy a percentage of a company and kind of take it over so I think that's the sign perhaps of a healthy
00:46:06
Market where you know you have many options of what you do with your funds and some Venture funds are choosing to
00:46:13
maybe buy out companies and act more like private Equity because they see maybe you know a better opportunity but
00:46:20
there's a lot of venture money out there still huh sax so that's pushing the bid
00:46:23
up people are looking to uh find that 10 million 20 million AR company and place a bet there's just too
00:46:30
many funds let's take another question Nick from the audience and what's the record what's the record right now in
00:46:36
terms of donations because this is all going to go to charity folks dead serious we'll figure out the charity
00:46:40
later I think 200 there are some coming in in different kinds of currencies that
00:46:44
I have to convert manually but right now for USD I see 200 from rahill he said I
00:46:49
don't want a zipper I'm about the deal sleds respectfully how much for the lower Piana chamath $200 no this is a
00:46:56
sweater I got from the the team at Louis Vuitton because they asked me to wear it
00:47:00
um I don't know it's probably a couple thousand bucks okay here's a question from Aditya
00:47:05
$50 at the level of money and power you all have as a group how do you think about your legacies if at
00:47:14
all I don't um and I think that that is a really really terrible way to live your life um there have been in humanity
00:47:25
about a hundred billion people that have ever lived and if you took a sampling of a
00:47:33
random thousand people and said who do you remember from history the overlap of the same five or 10 people would be
00:47:41
almost Universal which is to say that 100 billion minus five people are not going to be remembered and so this goal
00:47:48
of trying to be remembered uh I'm not sure accomplishes much I think what's important is just to make sure that you
00:47:56
don't have have a lot of regrets and that when you have the chance to try something fun or try something memorable
00:48:03
or challenging um because you thought you would get something out of it you did it
00:48:08
as opposed to how will people judge me for this and how will I be written I just think it's a
00:48:13
legacy forget it man like your great grandkids won't know you there's a decent chance your grandkids may not
00:48:21
even know you so like what like just you got to live to be happy today uh that's my personal view I just think
00:48:29
this whole Legacy thing is nuts all right 8,000 people watching live 2,800 thumbs up give us a thumbs up right now
00:48:35
let's get those thumbs UPS to uh 4,000 and let's break the algorithm uh freberg you think about your legacy much these
00:48:42
days no saak any uh any thoughts on Legacy no I mean honestly it's not I agree with jamath it's it seems like
00:48:53
it's not something you should be preoccupied with too much yeah I mean you want look you want your
00:48:58
kids to be happy you want to have success in business um you know there it is and
00:49:04
then it's done you're done and then you die so Legacy who cares about Legacy what does that mean other people's
00:49:13
Judgment of you like some article b or Wikipedia link who cares yeah I I mean I get it as a young person maybe you're
00:49:21
you think you might project into older people like they're thinking about their legacy um um I think about like having
00:49:28
great experiences and optimizing great experiences with my family my friends uh and then business partners who I love
00:49:35
that kind of optimize for family and friends and I had two great experiences this past week I uh I went to Disney on
00:49:43
Saturday with our friend Jason Chang and uh went to Club 33 which was like a wonderful fun experience to go in that
00:49:50
like private club and then I pinched myself because I could afford to have a VIP tour guide I don't know if you've
00:49:55
ever done that guys um where you just get taken around the park and they you jump on the rides and
00:50:01
man that was like I've been to Disney once I stayed at the California Lodge nice I think it must have been what hell
00:50:10
looks like and I've never been back did you have the VIP tour or not sure I had the everything and I thought it was just
00:50:17
the most horrendous horrible experience ever my kids loved it we did so many rides I had so much fun um but maybe
00:50:23
they're of the age all right another question from our amazing audience your donations uh anybody who donates here is
00:50:30
going to have their donation given to charity $50 from Tommy Gano uh oh Tom big Tommy yeah big Tom uh do you see an
00:50:40
opportunity for the intersection of blockchains and AI I also want to pre-order for tequila please smiley face
00:50:47
crypto is a disaster next question anybody I think that I think that I think that if you take
00:50:53
um forget the currencies for a second but um what is a blockchain it's uh an incredibly accurate highly distributed
00:51:03
State machine that could be valuable if you wanted to do highly distributed inference so if these AI applications
00:51:11
get to scale I think one of the most important problems um is around business risk and
00:51:17
continuity because if all those models run on AWS and somehow you can take down AWS now all of a sudden your app isn't
00:51:24
available that's a problem for companies it's also a problem for countries that may want to use these clouds so then all
00:51:31
of a sudden you say well I need to have it distributed well then if you can only
00:51:35
distribute it across three hyperscalers that's not really a lot of risk management so then you go to a place
00:51:40
which is like it needs to be highly distributed but if you run inference in a highly distributed computer
00:51:45
environment then all of a sudden you need to have an extremely accurate State machine that can then thread all these
00:51:51
things back together so that's the intersection of AI and crypto that's probably the most logical but there
00:51:56
hasn't been any real attempts to figure that out yet um but if there was such a project that did that um now then it be
00:52:04
creates a bunch of other issues around like Nvidia lockin and stuff which you also can't support you need to be able
00:52:09
to distract it so it could run on CPUs in a really powerful way or other custom silicon but um that would be my answer
00:52:16
to that well one of the problems that crypto solves with respect to AI is helping you know what's authentic or
00:52:24
real versus what's fake because with AI you're not going to know what's real anymore I mean the AI can create a
00:52:31
perfect forgery of everything or we'll soon be at that point so crypto will be helpful in that regard um I think crypto
00:52:39
will be the way that AIS pay each other clearly they're going to pay each other in some sort of analog way uh bology has
00:52:44
some really interesting thoughts about this I'd refer you to some of his tweet storms about
00:52:48
it yeah I'm just hoping we see a great regulatory environment for these crypto projects in the coming years that might
00:52:58
be one of Trump's most brilliant Maneuvers in this past election cycle is to pick up the mantle of Regulation my
00:53:06
gosh Nick how many bottles of tequila have we just pre-sold here this is incredible quite a few God oh what's the
00:53:12
demand I many do people there like tens of bottles you've sold tens of bottles you you've sold almost two dozen well I
00:53:20
mean I'm sorry to tell people this but it's going to be very limited I think we're only going to produce about a
00:53:23
thousand cases which is 6,000 bottles 8,000 tops I would say because there's only so much 5-year-old juice that we
00:53:32
can get you know for the for the drink CU normally look these folks are taking time to show up aged well these folks
00:53:39
are they're taking the time to show up and and they're and they're donating so but we're going to get first we're going
00:53:44
to get first shot attendees at the all-in summit so we're going to unveil and the people that just donated 100
00:53:49
bucks people who just or more I guess all right give us another question Nick let's keep this train moving here we got
00:53:54
a time for maybe two more questions here okay this question is questions on the live stream do I pay on chow chowder uh
00:54:02
what is one book you would recommend that transformed how you think $100 man search for meaning Victor
00:54:13
Frank lers poker Michael Lewis transformed how I think that's a tough one I don't know after may have to come
00:54:25
back on that one somebody in the chat mentioned Ein Rand um I did like Atlas Shrugged but I don't know if think
00:54:36
writer good Concepts but not a great writer the pros is so brutal the pros is brutal I I I totally agree with you I
00:54:44
mean make it a short story freeberg you got a book that transformed your life I put it in the um Summit gift bag I think
00:54:53
last year oh Zen mind beginners Mind by Suzuki which is basically a uh compilation of
00:54:59
the Dharma lectures by the found of the SF Zen Buddhism Institute and um like the whole all the lectures are all about
00:55:07
like sitting Zen like Buddhist Meditation sitting Zen meditation but the thinking is so broadly applicable
00:55:15
around how the human brain has a tendency to always seek uh things that uh this continuing Drive of desire and
00:55:23
if you can let go of that drive of Desire like much of your perception reality changes and the second is like
00:55:28
dualis thinking where you think about everything as one or the other everything in the universe that we think
00:55:34
about is like in or out this or good or bad and I think um for me changing one's
00:55:40
point of view on those two aspects of how the human brain kind of natively Associates the universe within which we
00:55:48
live uh can have a huge impact in in decisions and um emotion and and so on in life so uh that's a very important
00:55:56
book for me and you could read it a million times and always get something new out of it it's just a copy of his uh
00:56:02
lectures all right give us another question Nick as we have a new high donation rapid Mark Hustler $200 oh okay
00:56:10
on Rogan's podcast Neil degrass Tyson made predictions for 2050 examples the human space program will fully
00:56:15
transition to a space industry supported not by tax dollars but by tourism we develop a per perfect antiviral serum
00:56:21
and cure cancer do you have any predictions for 2050 plus tequila donations for 2050 well we'll definitely
00:56:29
have predictions for yeah artificial super intelligence will be here long before that and then the problems and
00:56:36
the questions it answers are going to be mindblowing we might figure out like the origins of the
00:56:44
universe by that time we might figure out Consciousness I mean there are questions that humans have a really hard
00:56:50
time with so I would say artificial super intelligence anybody else have a prediction for 2050
00:56:58
that's like a 25y year prediction window yeah I mean nobody has any predictions the guy just spent 200 bucks
00:57:09
nobody can give him a prediction for 2015 prediction you you would have your $200 would have been worth 188 million
00:57:16
if you put when you get out when you get out that far you're basically just talking about science fiction right I
00:57:22
mean well I mean if we went back to 2000 Sachs we if said we'd have flying cars in 2000 you would be right I mean Archer
00:57:30
and Joby are running sorties right now so yeah but that's not what people meant when they said that that we there's not
00:57:37
been there's like prototypes but there's this hasn't transformed Society they said we'd have self-driving cars and
00:57:43
wayo just opened up we should have companion robots by 2050 well say more you know like a robot that works around
00:57:51
the house that does kind of the 80% of the human toil that I actually think think that could be really like the HW
00:57:57
Tui robot H robot I mean more 2000 the H to a 2000 I I mean no I mean more like it does the gardening it does
00:58:08
the dishes it does the vacuum cleaning does the hot toing doing that's just ran greber ran
00:58:16
for it he can't even be on air for this that's like that's like a that's like a good on that's a huge unlock for humans
00:58:22
my dogs wanted to go out oh um so there two there two key technologies that I think are long range that I've talked a
00:58:29
lot about um we had a conversation last year on the summit about uh Fusion uh Fusion generated power which um you know
00:58:38
that's kind of a time frame where we should be kind of if it works right at production scale seeing production
00:58:43
steady state output and the other one is uh aging reversal which there's a tremendous amount of research and we
00:58:50
will be talking about at the all-in summit this year we're going to have an amazing conversation about the research
00:58:55
that's gone on in reversing aging which I think we talked about in the past is fundamentally driven it looks like from
00:59:02
um epigenetic errors in cells so not DNA errors like was originally theorized but
00:59:06
like the molecules that sit on top of the DNA that turn genes on and off in a cell and when that becomes unbalanced
00:59:13
the cells start to dysfunction organs dysfunction and that is the fundamental driver of aging and there's now a set of
00:59:19
systems and molecules that we can apply to cells to reverse that and actually reset the molecules that sit on the DNA
00:59:24
so the cells start to become young again um and there are many billions of dollars that have gone into this
00:59:31
research and what I've heard in nonpublic discussions is that this is like looking like it could be very real
00:59:38
that would be really amazing so imagine a you drug yeah that's in our window I one one of the things that I'll also
00:59:46
just say on this is like I think that there's this intersection between Ai and biology that unlocks like a really like
00:59:53
incredible Paradigm for how humans can create things and make things on Earth where you could say I want a molecule or
01:00:02
protein that will go in and find this specific cancer cell for me and then you can actually render that protein apply
01:00:11
it to a patient and it can immediately wipe out that particular Target where the AI resolves to the molecule that's
01:00:16
needed or the genetic structure that's needed to make a let's say a plant that can grow on Mars I want to make a plant
01:00:22
that can grow on Mars the AI renders that the the Genome of that plant you produce it you ship it to Mars and you
01:00:27
start growing plants in the really weird environment on Mars's surface so I think
01:00:31
that by 2050 we have these kind of intersections that enable some of that stuff that could be really powerful hey
01:00:38
uh give us that Mel question if you can that came in for a hyund that's a good one I don't see it I just had a $200
01:00:47
question for you though oh give us a $200 question why are we getting paid money I
01:00:52
don't how does this get turned on uh it's just like a feature of of YouTube yeah you can do two things in YouTube
01:00:58
you can do a super chat where you give money and your chat gets uh highlighted in the top of the chat uh and then
01:01:05
there's memberships so we could for the next one turn on memberships and people will pay a dollar a month 10 bucks a
01:01:10
month to be a member it's kind of fun it gives you like extra features all right
01:01:14
I got M's oh okay good $100 from Mel I am reading the comments that's why I'm laughing what are some of the ethical
01:01:21
dilemmas that you faced in your careers and how have you overcome them what about some ethical dilemmas you've seen
01:01:27
from the startups you've invested in yeah uh I've had maybe two of these situations happened where people
01:01:36
were let's say I'll just make this a composite but you know over 400 Investments we've done we had maybe two
01:01:43
instances where people were [Music] um doing things that would be illegal and we had to in both cases I had a sit
01:01:54
with the founders and said listen I I can't be on the board of this company if you're going to do this kind of things
01:01:59
and in both cases I gave them the option to return our money at par last valuation um and yeah I resigned from
01:02:06
the board and took our money back so it does happen sometimes you got to be very
01:02:10
careful because you know somebody does something um where they're not upfront or completely honest and they sell
01:02:18
shares in a company it's called Securities fraud you got to be really Vigilant if especially if you found out
01:02:23
about it and you went on the board somebody um asked whether trth Hawk how do you pronounce
01:02:34
the your wine jama's hwk TOA some of my wine right on the damn floor he did hwk to it on the floor I saw if he doesn't
01:02:43
think served is good enough he'll just dump it on the floor he took the he took the glass and he poured it out on the
01:02:50
floor like it was a nice aged burgundy too if I remember like oh my God doing it all over a marble floor oh it was I I
01:02:59
mean it was the height of stop drinking this [ __ ] wow it was it was there was actually a question about wine shth if
01:03:05
you want to answer it sure oh here we go um John NAB asked and this was a presubmit one I'd like to know what old
01:03:11
world and new world wines are each of the besties favorites and then someone else asked great question how do you uh
01:03:18
know what a good glass of wine is or something like that well I really think it comes down to your own personal taste
01:03:24
I'll give you a perfect example of this so there's uh Mero gets shat upon a lot by fake intellectuals but it creates
01:03:32
some of the best wines possible as an example um if you were to go into the old world there's something you probably
01:03:39
heard of called chat Petrus those are like5 to $50,000 a bottle but if you go to Italian old growth Mero uh like
01:03:49
massetto that's probably $1 to $3,000 so enormously just an order magnitude cheaper it is incredible and
01:03:58
pound-for-pound better than Petrus and if you put it against it in a blind tasting you would prefer the masetto
01:04:04
over the Petrus so what what does that mean I think it means that there was a lot of people that just want to
01:04:09
demonstrate they can spend money and that's dumb because I think there's just a lot of incredible wine that's much
01:04:14
cheaper than that then if you go all the way down to like you know for example last summer I I gave these guys some of
01:04:20
this but the most incredible white burgundy I have found is Charles Busan on 80 a bottle absolutely incredible and
01:04:30
it'll run circles around pycm it's running circles around Kosh D which are thousands of dollars so you got to try a
01:04:37
lot and you got to go what tastes good and who cares what anybody thinks by the way I will pre-reveal this but uh I
01:04:45
think I told you guys this but Joshua and I so my simalia and I we just filed for a liquor license and so when we get
01:04:51
it we will be allowed to buy wi wholesale so we are becoming uh so that we can no
01:04:59
because like because honestly like the wine is so marked up and we were like well if we have our own liquor license
01:05:04
and we have our own storefront so we got a storefront um we're going to be able to buy and import wine at wholesale
01:05:09
prices what's your favorite five to $10 bottle chth like when you go to Trader Joe's what do you really like to I don't
01:05:17
I don't go to Trader Joe's it's off brand I will never go there uh no but you have a you already
01:05:23
gave an 80 EUR old bottle so that's a $100 8 8 bottle if you can find a Charles Busan white burgundy it's
01:05:28
incredible pal Meers a couple hundred bucks consistently excellent um in the New World um if you want to spend sort
01:05:37
of between that 5 to 700 colan Sloan Bond all ACR acres is probably my favorite Napa
01:05:45
wine and it's not the most expensive I mean it's expensive to be sure but it's not in the Harland category or Screaming
01:05:51
Eagle har like 1,000 bucks a Bott eag like 2 to 3,000 100 acres is like 500 bucks and I think
01:05:57
it's the best Napa wine and I like to like I like Sher as well Sher there's a guy yeah there's a guy
01:06:06
named sha thri who is a kind of he passed away two years ago I think yeah two years ago um he made all these crazy
01:06:16
California wines um but he had this theory that it wasn't just about representing the varietal or
01:06:23
representing the particular plot but he really wanted to create a story and an Essence from the wine so every year he
01:06:29
had a name for the wine he created a custom label and he would go out and he would Source grapes and he would test
01:06:34
all the grapes at different Vineyards and he would do like a multiv variety um wine that he never kind of disclosed
01:06:40
what was in it and then he threw out all of the like the conventional French wisdom on like how do you make good wine
01:06:46
and he went back to all of these Franciscan monks books and he translated them from like Latin on how do you make
01:06:51
amazing wine where you like leave the grapes out and let them breathe for a night and live under the moon after the
01:06:58
franciscans the franciscans have crushed two things one is champagne and if you have a chance to buy an incredibly good
01:07:06
bottle of single grape chardonay champagne I encourage you all to do it don't buy the Blends but if you can get
01:07:13
a bottle of Salon or get a bottle of Paul roer these things are unbelievable and the franciscans
01:07:22
used to make it they're incredible the method the methods are different because in the French model it's like you crush
01:07:26
as soon as you harvest and you know like a lot of the guys you mentioned earlier
01:07:29
they'll Harvest at 3 in the morning so that the berries are still cool when they start to crush but vachir and the
01:07:34
franciscans they'll like Let The Grapes start to ferment naturally out in the sun in the open before they even do the
01:07:38
crush the Italians do the same thing also that's how Amon so anyway check out Sean thri it's his label's called pattis
01:07:44
and he's got like an amazing kind of every year is different every every vintage is different it's really
01:07:49
incredible um but he's gone now so all this stuff you got to buy uh okay well I'll second just on the um cheaper say
01:07:57
under $100 bottles of wine I'll second Jam's recommendation on white burgundies they are you know these are white wines
01:08:04
that come from the burgundy region if you drink Napa whites they tend to they have a lot of sugar in them so they T
01:08:12
they either taste like honey or sometimes butterscotch those are the two dominant flavors when you start drinking
01:08:18
white burgundies they're just much more complex they they have a lot of minerality from that region and great
01:08:25
nose yeah they're they're less sweet they're more floral sometimes yeah and just very crisp and refreshing
01:08:31
especially for the summer that's a really nice bottle of wine to drink on a hot summer day all right that's what we
01:08:37
need let's do this next uh live chat when we're outdoors and we can uh have some just nice chilled wine this has
01:08:45
been an amazing hour plus with the besties for hitting 500,000 Subs we're now at 528,000 Subs 8,000 of you live
01:08:54
thousands of thumbs up thousands of dollars in donations to charity we'll pick a charity I think it's going to be
01:08:59
the Jal pc24 Pilatus fund uh and we will see you all when we hit when are we gonna do the next one of these 750 600
01:09:09
we're gonna do a million subscriber party in Vegas that's the party in uh we're GNA do a million subscriber
01:09:17
party in Vegas uh but between then and now maybe we'll announce another one of these maybe every 100,000 or 200,000
01:09:24
Subs we'll do this again yeah 750 makes sense I think right maybe do a 750 yeah had 750 we'll do this again thank you
01:09:30
yeah there's a recommendation next time we should drink while we do it yeah there you go uh it could get really
01:09:34
interesting all right everybody uh for your chairman dictator chamal po haaa go get his substack really good check out
01:09:42
glue from your boy David Sachs and uh these giant potatoes that Dave's making you get your hiring over at
01:09:51
ohal you need somebody any any open positions very selective what are you looking for
01:09:57
what's the what's the most uh hardcore I have a I have a chief commercial officer
01:10:00
role that I'm spending a lot of time on right now Chief commercial officer what is like a chief Revenue officer is that
01:10:05
different yeah it's the same thing the same and why don't you make like a cantaloup siiz rusted potato for
01:10:14
steakhouses I think people would go wild for that you know yeah watermelon size giant water table slice it open come
01:10:20
loaded no but how load potato how do you cook it evenly that's the hard when it's
01:10:26
too you could also make french fries that are the size of like a lightsaber why don't you do that the challenge in
01:10:32
the potato I would buy lightsaber size uh french fries that would be double with the duck fat you cook them in duck
01:10:38
fat can you make us duck fat french fries d That's that would be incredible can you make yeah absolutely
01:10:47
is our audience still there or have they left they're still here they're winding
01:10:50
down cuz we're winding down they are winding down but it's still 6700 people in the
01:10:56
don't you guys have anything better to do I gotta go not you the audience uh and uh we'll see you all
01:11:04
Nick make sure do do you have everybody yes I have their information I got it you everybody's information and if not
01:11:09
just email Nick at the all inod and and if you yeah because we'll just make sure
01:11:13
that you you get on the list I got it thanks everybody for your support we love you thank you thanks for tuning in