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[Music] hey everybody hey everybody hey everybody everybody hey everybody hey everybody welcome back besties are back
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besties have reunited besties are back besties are back for the all-in podcast we'll call this episode one episode two
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this is our fifth episode episode eight the last time you heard from the besties
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it was election night and it was a [ __ ] show he's got a megaphone prince of spax the dictator the dictator
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chamoth paulie hoppa tia hey everybody it's me jason this is cashmere do you like my thin cashmere joulet that i'm
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wearing let's all take a moment to say what we like about jamaat okay great let's get back to the episode queen of
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quinoa queen of kin y the queen of kin waff david freeburg is with us let me tell you guys what you missed out on hey
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everybody it's me jason califanus welcome welcome chiming in is rain man himself david sacks rain man david sacks
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hey guys hey besties are here talk about tech economy politics and our lives in silicon valley
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is it if newsom is recalled i would like to put my name on the ballot we're not going to get any positive change in this
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state until the politicians are held accountable salesforce in a record transaction for a sas company the ship
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goes into the suez canal and it had a blackout the chauvin trial guilty all three charges xi jinping and putin got
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together and they're apparently besties and then we can talk about the corporatist scumbags
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and other [ __ ] people over so let's let's do that you know i realized that what i said
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last week lacked empathy particularly towards others who are dealing with persecution i think
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what makes this podcast great is the diversity of opinion and respect that we show for each other jake out if if
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anything i said hurt your feelings i want to say i'm sorry i think you are the most incredibly loyal person love
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you chamath jake i have something to say to you as well sister breakdown [ __ ] it back at ya
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thank you to young spielberg extended edition remix we open source it to the fans and they've just gone crazy with it
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all in statistics where some maniac is breaking down how many minutes we each talk all in stands have a ton of skills
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who's the guy henry who does all those incredible videos with animations that is fraud that's where elizabeth holmes
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crossed the line crushing those things are great draymond green in the house what's up
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you bet 13 okay you don't get 13 back you only get 10 back uh we have biology here brad
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gershner welcome back to the program ryan armstrong what's up bro ryan peterson from flexport thanks for coming
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on the pod and we appreciate it i love you guys i wanted to kiss all of you on the mouth hopefully we'll have a bestie
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poker soon thank you for helping me get through a very difficult year people just can't believe men say to each other
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they love each other and they can't believe that saks almost is able to say it we love you sexy poo i love you david
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sacks and i love you david sacks back at you can we book the miami trip gym off let's
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let's go out there king of spaxx himself the guru of growth he puts the dick in dictator that time
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piece what does it do it reminds him of how much more money he has than you sweater is worth six times laura piana
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is above his line your super villain with that 1985 sasakaya he be chillin he's dropping annual letters in
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luxurious sweaters as far as respects go well it can only get better himself back with us again the tsar of
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arr the savant of sas he puts the ass in asperger's he's the sucker he's a sucker for tucker cesar of
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arr he perfected the flywheel with his boy peter tl lps don't be nervous because he's only investing in software
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as a service the world's biggest [ __ ] the rain man himself david sacks he's just waiting
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the queen of quinoa himself he'll reboot your physique with his munique the thriller from mamilla valley he puts the
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eye on anxiety works in dna but in the 90s all he cared about was the mdma the duke of dna the titan of tempeh in high
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school he had no friends but thanks to the pod undergrads are in his dms all forms of steak he's a persian he's the
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vanguard of all the virgins the king of quinoa [Music] [Applause] ladies and gentlemen
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allow me to introduce your besties the queen of quinoa the sultan of signs david freeburg the rain man david sacks
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the dictator himself chamat pali hapatia and everyone's favorite bestie the point
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god [Applause] [Music] [Music] [Applause] i cannot believe what jkl has pulled off
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here i mean i am in shock that this is even real you know i still don't know where all
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the money went but the amount of money you embezzled we are witnessing our first theranose
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moment starring jason calcanis guys i got great news for you i took all the money
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i put it in luna i haven't checked it in the last week but we were up 3x we're gonna kill this um you'll never
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find the money i put it through multiple bitcoin tumblers that's great it's gonna
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be great uh welcome everybody by the way sorry this is a joke to everybody in the
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room but one person sitting over here who is really sweating the accounting of this freebird is happening
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he had a panic attack at the beginning i said if jacob's gonna do this we're gonna have a grip session we're gonna
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all sit down and we're gonna figure out where the grift happened because it's gonna happen the guy who's always
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calling out the griff knows how to griff better than anyone else we'll figure this out like
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half these people's families here have you guys met them all they're great people
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are there any calcaneuses who are not on the payroll can i tell you we're feeding a lot of
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calcaneuses here i've been i've been this guy bob it's a good job i've been your biggest supporter defending you
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from these two [ __ ] jackals but it finally got into my brain as well so when i got into the hotel room and i
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opened the bag i was like well maybe this cup cost four thousand dollars right maybe
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it's very possible it's awesome it's a heated cup it's a heated cost who are we to know when's the last time
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you bought a cup it's like it's like the pentagon or something you know i mean tomas like when george bush went
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to the supermarket he didn't know how much a tomato or a gallon of milk i have no idea i'm sorry
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i'm not going to pretend i asked sax when's the last time you flew commercial which george bush was in
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office [Music] herbert walker yeah no it was uh i think obama was still in office yeah yeah he
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just won the democratic nomination uh we're so great uh grateful for you all to come here how many people flew
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just by a show of hands and a whoop whoop how many people flew over 10 hours to get here
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oh my god i mean it's pretty incredible um fans from around the world uh and i i just think uh you know it's very
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special to us um that this podcast means so much to you last night we we you know had a little
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debrief and the thing just said to us you know when we when we when we met you all and it's
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very weird to do a podcast like this and have it become super popular item two weeks ago it became the 26th
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most popular episode in the app store which to us was crazy we did this because we were losing our minds and
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coveted as friends we couldn't play poker we couldn't see each other it was very lonely
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and we did this for ourselves and the fact that all of you got some value from it uh it was just remarkable to us like
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as a concept uh but incredibly um gracious of you all to come here and then to tell us what it means to you uh
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i i it just has blown us away that people are even tuning in to it how has it changed your life freedberg
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i mean you were a nobody i mean i literally didn't have a twitter account we were all very famous in the tech
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industry but nobody knew i mean i mean literally we were backstage and they said queen of
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quinoa and this audience went crazy [Applause] i mean you're very socially awkward tell
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us what what is it like for you to be famous you know i appreciate that but i'll tell you
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the um the aw the weird thing is we go into our office for 90 minutes a week and we talk
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to each other over zoom and then we go in the room and people want to take pictures that's what's so like strange
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is like we've never done this and we did it once in person together right the the
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pod at your so we've always done it over zoom and it was always like a remote like so it always just felt like hey i
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gotta meet i got meetings on either side let's go do the pod for for 90 minutes and then all of a sudden it's like hey
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you know people actually [ __ ] listen to us talking over zoom yeah it's a little wacky i'll tell you um but it was
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great to meet everyone last night i think it was um it was really cool because i heard a lot of stories last
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night about some dude sold his company for like [ __ ] two billion dollars where's that guy
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that guy and he's like he's like well yeah yeah yeah he said he sold his company
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because of the um the call we made on the top of the market and he's like i took the deal 21 times revenue
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oh there he is oh oh who's this guy sir welcome anyways everybody it was crazy what an
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audience the mayor of miami francis juarez [Applause] so i take it i take it eleven just closed i
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got to dress like a human being for about an hour well it actually doesn't close eleven
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eleven so we'll just go there sorry it's 24 hours it's 24 hours not that i've ever
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been there but yes um hey thanks for hosting us we were thinking of a place to do it and uh you
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were gracious enough to to encourage you took everybody's poker money everywhere else
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in the country so you decided to come here right yes we're going to swedenborg up here
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um but uh what an incredible um resurgence and cording of the tech industry you've done here tell us about
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a little bit about what's happened in the last two years since you started replying to people on twitter saying
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hey um if you're running a business we'd like to help you yeah sort of a united states of america
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type of approach right for fun fundamentally american where we want to create high-paying jobs in our city we
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want to empower people we want to give people an opportunity at being prosperous
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and uh for some reason in this country in certain cities that's been frowned upon or it makes you feel guilty about
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it and here in miami we're fundamentally shaped by our sort of our origin story right
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and many people in miami were exiled from their country of birth uh for because in those countries uh communist
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regimes took over and obviously in those countries uh a government official is saying hey give me your property
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give me your uh your business and don't worry i'll make everybody equal and they do make everybody equal they
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make everybody equally miserable so uh you know they've accomplished that and whenever government wants to grow uh
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you should run in the opposite direction and so in miami we do it uh by following
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some simple rules we keep taxes as low as humanly possible and shocker our budget has doubled in
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size uh since we uh have kept taxes to 1960s lows uh we focus on quality of life so we
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have the lowest homeless rate since 2013. we're the first major city i think in america to actually try to get to zero
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we want to have zero homeless um and we we we actually invest in safety you know we actually while other
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cities decrease funding for our police we've increased funding for our police we have the most
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[Applause] we have the most police officers we've ever had in our history by the way they
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have the hardest job in america right now are our police officers and i'm going to give you a shocking correlation
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our crime went down shocking so you added police we added police and the crime went down yes you know it's
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it's it's bewildering our homicide rate went down by 23 last year this year it's
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down by 40 from the 23 of last year so almost 63 percent two years so that's basically
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the combination of economic prosperity and then safety and security people are too busy to think about all
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of the long tail things they could be doing to screw up their own lives or somebody else's life they're just living
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a good life yeah we have 1.4 unemployment um we're number one in the nation in wage growth we're number one
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in the nation in tech jobs we're number one in tech job migration i think we've moved 2 trillion aum in the last 18
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months and our vc pipeline grew by 200 year-over-year and to put that number in context if it was a zero-sum game and
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our gain was for example san francisco's loss which it may very well be going into the future um in two years we would
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overtake san francisco as a vc capital of the world yeah and to be clear at that rate you
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know this is a very liberal city that is welcoming of all people it's just not like you've become some like insane
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crazy right-wing like teal sacks you still are like fine with people living their lives and you know yes
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we're we're very much into freedom uh we we're we're kind of sort of libertarian
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here uh in miami uh and and you know we we want people to live their lives as they see fit uh we're not here to tell
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them what to do we're here to create the conditions for their prosperity to the extent that government even gets
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involved in that right we we like to stay out of people's business we try to be efficient uh which i know is almost
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an oxymoron in government and we try to facilitate people's growth and success that's it that's all we do tell us about
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your uh support of crypto so you know when we were trying to create this uh buzz and ecosystem uh we
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knew we had to uh disrupt the the natural order of things and so our hack right our
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david and goliath sort of slingshot hack was to go all in on crypto part of the reason why is uh you know i
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understood the fundamentals of it i like the fundamentals of it um you know i think one of the things that's missing
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in our society is trust and when you see policy makers whether at the fed or or or the federal government when
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spending significantly more money than what it's taking in uh which is creating hyperinflation we see interest rates
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going up i mean sort of a terrible man man or woman inflicted uh suffering and you see a system that
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is uh designed to sort of create trust by making it um humanless in effect it was something that was very
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attractive obviously the blockchain i was part of the blockchain foundation part of the blockchain task force for
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the state of florida so i had a sort of education on the technology prior to the
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moment where i sort of decided to go all in on and i thought that it could be a differentiator being a young mayor who
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understood the tech who understood that i wasn't taking as big a risk as people thought i would be
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taking and it's been great for our ecosystem i mean whatever the price of bitcoin is at
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a given moment is pretty much irrelevant what's important to me is we have the bitcoin conference we have you guys uh
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we have the bitcoin conference which is a tens of millions of dollars in economic development we brought a
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tremendous amount of funds and and uh and exchange exchanges to headquarter here in miami which has
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created hundreds of high-paying jobs uh and then we got uh ftx to name our arena
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which is a 200 million dollar uh gift or contribution to our our community so it's it's been something that's
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benefited us to the tunes of hundreds of millions of dollars so regardless of what you think about crypto as a
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technology as an economic development tool it's been game changing for us saks i'm curious how you think about what
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you've seen in this city versus you know where we all live and operate in the bay
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area and then across the country how do you grade the job the mayor has done here and what do you think the
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lessons are for the rest of the country i think you know mayor suarez done amazing job here and it's something that
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other cities should be looking to emulate which is simply to be helpful instead of you know being an impediment
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i did an event for mayor suarez in san francisco you know my my home and it was the best attended event i've and i've
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done a lot of uh political events the one we had with you was the best attended event i think we ever
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held and the reason there's a tremendous amount of curiosity on the part of people in san francisco
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in terms of what's been happening here and the kind of the thing that you heard over and over again
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by the people who attended that event who had asked questions was you know why can't we have a mayor like you
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in san francisco because i don't live there actually i'm president of the us conference of mayor so i kind of
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jokingly say well i'm kind of you know trying to but every every city i go to they ask me the same question and i'm
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like well i really like miami a lot yeah i mean fundamentally we have not just a mayor
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but because the mayor in san francisco is actually not bad london breed's not bad the issue is the board of
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supervisors who really controls the city i mean they've been engaged in killing the golden goose i mean
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san francisco and the bay area had a lock on the tech ecosystem and because the political forces there defined tech as
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the enemy they basically have driven it out and as a result you now have emergent tech hubs all over the united
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states starting with miami and austin um and other cities like that and it's kind of crazy san francisco had the
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monopoly and it basically chose to give it up well spending it was a giant grift
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right aren't they at like 4x budget per capita over new york it's like yeah it's
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reacted something insane yeah it is great mayor let me ask a question around um one of the reasons silicon valley
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exists is because of the relationship with the universities in the bay area and obviously that still continues to be
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a big driver for the tech and more recently biotech economy in the bay area a lot of people get their phds they
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graduate engineering students they stay in the bay area ucsf stanford berkeley et cetera how do you think about the
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relationship between universities what's the kind of um kind of reflective solution here and are there
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relationships you could maybe build or bridge with california schools to kind of get innovation hubs set up that that
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partner would graduate i would love to um you know one of the things that's interesting about silicon
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valley is 95 of the people that live in silicon valley were not born in silicon valley um in miami it's closer to 70
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percent of the people that um that live in the city were not born in the city i'm actually an anomaly being
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the first miami-born mayor in the history of the city 125 years so that's that's a pretty cool stat but i
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absolutely think that we can look we're not perfect i like to think that i get up every morning
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as a mayor you sort of look at the imperfections and you try as a long-term build right beyond these 24 months you
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start thinking about what are the structural things that we can do better and i think you just hit on one of them
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right i think certainly having a university that's at the caliber of the stanfords the mits you know harvard even
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ut and georgia tech get a lot of fanfare um in austin and in the atlanta area um
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and so i think we can certainly do better um i'm not one of these people that likes to be complacent or that
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thinks that you know even if we had a university at the caliber of some of these universities i'd be still trying
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to find a way to do better i think the world is highly disruptive i think higher ed is highly disruptive and i
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think uh and it's an archaic sort of institutional just like government right they're always behind so i think that
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that gives cities like miami if we're smart if we find our crypto for universities
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right we can sort of leapfrog a lot of them and and get to the top very quickly i think i want to ask you as we as we
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wrap here a really hard question um we are struggling how to beat your mouth in poker yeah it's hard
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to be possible i would say no i mean we have um a drug crisis in this country yeah with fentanyl yeah it is a
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superdrug we have never seen we have this problem in san francisco with homelessness and drugs and you are now
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uh running the uh conference of all the mayors in the country and you all come together and it
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seems like some cities are figuring out how to deal with this and some are floundering
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is the issue that we're looking at a super drug and an addiction problem that has very low chance of uh resolving
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itself through even you know when you when somebody can get a bed and go to recovery the recovery rates for fentanyl
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are slow single digits and we're looking at this as if the problem is actually homelessness that they don't have a home
00:22:10
when in fact they are addicted to a super drug why can't we look at this for what it is and stop conflating
00:22:17
a super drug addiction problem with people not having a home and an economic issue
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it seems like there's some denial going on sure look i think fentanyl is uh the numbers are very scary right in terms of
00:22:28
recovery it's infinitesimal uh in terms of people that can get out of that that vicious cycle of fentanyl addiction
00:22:36
in miami what we did about 10 15 years ago was we created a network of of of facilities that do drug treatment
00:22:45
alcohol treatment mental health and vocational training all at the same place it's called the homeless trust
00:22:53
we use i think it's a cent from it's a basically a tourist tax so people who come in and visit pay a bed tax uh when
00:23:00
they come and visit a hotel it generates about 50 million dollars a year which you can bond out and we've
00:23:05
created a decentralized set of facilities all across the msa we reduce homelessness by about 90
00:23:11
with that network we're now down to the chronic uh few that the last 10 percent it's about a thousand in the county in
00:23:17
miami in the city which is one of 34 cities in the county we have 510 homeless right now in the city
00:23:23
and that's incredible you know down to the person yeah down to the person we do we do a a um
00:23:29
a continuous audit and continuous uh uh census and so we know down to the person and i
00:23:35
think the key for us to go to zero right aside from trying to fund the network's
00:23:41
uh wish list which we did uh with some arpa funding that we got is to really know them at an intimate level know
00:23:46
their stories right you know you when we first met one of the things you said was
00:23:50
you don't know someone until you know their story like how do you drill down and how do you get inside and know uh
00:23:56
what is what's the reason why they're there whether it's an addiction whether it's
00:24:00
uh some people just have been homeless for 20 years and they're just used to it right
00:24:05
they want a lifestyle they want to live on the streets and those are the hardest
00:24:09
ones because you really can't unfortunately legally tell them you can't live on the street right so it's
00:24:14
it's it's about convincing them that there's a better path there's a better life that there are things out there
00:24:18
that can uh create more happiness for them yeah but you have to hold the line as well you do on a policing level like
00:24:25
absolutely if you uh as we've seen in san francisco if you incentivize it by not doing
00:24:34
any basic policing you get more of it well here's the issue i think what people often forget is obviously people
00:24:40
who are homeless are human beings and they need to be treated with dignity at the same time they're human beings like
00:24:45
we are if any one of us is recording over there if any one of us just got up and started urinating
00:24:51
on the stage right now they would be arrested they would be arrested so so we we're held to a
00:24:58
certain level of account as human beings where our actions affect others right so it's not just about the human
00:25:05
person and how we take care of that human being but it's also how does a human being interact with and affect
00:25:10
everybody else and i think that's the part that gets lost sometimes in the debate
00:25:14
mayor before sorry i want to ask one question you focus on local issues the city that you operate what do you think
00:25:20
happens to the united states the federal government over the next 30 years do you
00:25:23
have any points of view on where we're headed as a wow it's that's a long uh that's a
00:25:27
bloated question but i think well you'll be running for mayor uh for president 2032 when are you planning who knows who
00:25:35
knows thank you whenever tamatha also authorizes it um look it has been authorized just you
00:25:43
know you are looking at it eight to twelve years from now he will be the president of the united states but
00:25:47
anyways go ahead and i'm always trying to hack and accelerate the process anyhow um
00:25:52
so uh yeah so so it's it sounds good by the way uh i i think a few things i think first of
00:26:00
all those three uh those three bullet points if you will those three uh uh sort of keys to success keeping taxes
00:26:07
low investing in quality of life which is sort of homeless assistant safety and then uh you know creating high-paying
00:26:13
jobs was leaning into an innovation economy we're transitioning that's that's that's a recipe for success for
00:26:18
the country can we change the country though what can we change can we move the trend right
00:26:23
look what we did in miami in two years absolutely we can i think we have to transition there's two inflection points
00:26:28
which are massively disruptive the first is from a an industrial to a digital economy and the second is from the
00:26:34
boomer generation to our generation that's right right so those two inflection points are happening at the
00:26:38
same time if we and what i i what that does i call it a tsunami of opportunity right and if we
00:26:46
get ahead of the tsunami and we surf that wave as opposed to letting the wave run us over um i think we can create a
00:26:52
generation of prosperity but look you have you have china and and russia banning bitcoin do we want to agree with
00:26:58
china and russia on anything right now i don't know you know i don't think so so you know i i think there are
00:27:05
tremendous opportunities for us to lean into this innovation economy and create prosperity you have the largest
00:27:11
microchip factory in the world being built in columbus ohio um i think that's something that uh we need to sort of
00:27:17
reclaim our ability to to produce things in the technological industrial revolution
00:27:22
we're seeing you know uh bitcoin mining facilities that are done at carbon you know carbon neutral uh so i think
00:27:28
there's a lot of opportunities in this new economy for us to really jump ahead where skilled labor is going to be a
00:27:33
premium over unskilled labor that's going to be done with computers or you know uh you know printers or whatever
00:27:39
well mr mayor we we appreciate that uh you are putting uh your life to service thank you for the citizens of this great
00:27:47
city uh and we really appreciate that because you have other opportunities you could have pursued and you're pursuing
00:27:52
really changing uh what is you know some some major dysfunctions in the political system and
00:27:58
we're all rooting for you and the results are undeniable and we really do appreciate you ladies and gentlemen
00:28:04
thank you guys let your winners ride rain man david and they've just gone crazy with them
00:28:23
[Music] we should all just get a room and just have one big [Music] we need to get
00:28:55
back [Music]