E101: Ye acquires Parler, Snap drops 30%, macro outlook, VC metrics, valuing stocks & more
- Oct 21, 2022
- 1:41:05
- Full Episode
(0:00) Bestie intros: Brad Gerstner joins in place of Sacks, and brigadoons! (2:02) Ye's current situation and acquisition of Parler (14:17) Snap drops ~30%, corporate misgovernance, super-voting shares (32:53) Macro outlook, Stability AI's $101M fundraise, VC fund metrics (1:05:38) The difficulty of active stock picking and valuing businesses (1:21:38) Lyft vs Gavin Newsom on Prop 30, PSA from Chamath
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://www.google.com/finance/quote/SNAP:NYSE https://www.statista.com/statistics/545967/snapchat-app-dau https://www.washingtonpost.com/technology/2022/10/20/musk-twitter-acquisition-staff-cuts https://www.bloomberg.com/news/articles/2022-10-17/digital-media-firm-stability-ai-raises-funds-at-1-billion-value https://twitter.com/elonmusk/status/1520643441994387456 https://www.wsj.com/articles/lyft-battles-gavin-newsom-over-california-measure-to-fund-evs-11665864256 https://voterguide.sos.ca.gov/propositions/30 https://fred.stlouisfed.org/series/GFDEGDQ188S
Brief Summary
Kanye West's Parler acquisition sparks discussions on mental health, media ethics, and California's tax policies.
Key points
- Kanye West's Controversial Purchase. Kanye West plans to buy Parlor, a struggling social network. Is this a good idea?
- The Ethics of Interviewing Kanye. Discussing the morality of interviewing someone in a mental health crisis.
- The Era of Super Voting Control is Over. The discussion centers around the diminishing relevance of super voting control for founders in tech companies.
- Tech's Transition from Zero to High Rates. The shift from low to high interest rates is causing significant market adjustments.
- Market Discipline Returns. Investors are demanding accountability and earnings from companies after years of excess.
- The Macro View of Venture Capital. A discussion on the historical perspective of venture capital and its future implications.
Episode highlights
- Kanye West's Controversial PurchaseKanye West plans to buy Parlor, a struggling social network. Is this a good idea?“Kanye's buying a social media platform?”2:04Oct 21, 2022
- The Ethics of Interviewing KanyeDiscussing the morality of interviewing someone in a mental health crisis.“It's abhorrent to interview someone in a manic episode.”3:47Oct 21, 2022
- The Era of Super Voting Control is OverThe discussion centers around the diminishing relevance of super voting control for founders in tech companies.“The era of super voting control for founders taking companies public is over.”26:40Oct 21, 2022
- Tech's Transition from Zero to High RatesThe shift from low to high interest rates is causing significant market adjustments.“Free capital was a weapon of economic destruction.”34:13Oct 21, 2022
- Market Discipline ReturnsInvestors are demanding accountability and earnings from companies after years of excess.“Can you actually earn?”40:03Oct 21, 2022
- The Macro View of Venture CapitalA discussion on the historical perspective of venture capital and its future implications.“Everybody wants to assume that this time is different.”45:21Oct 21, 2022
- Market Cycles and Capital FlowsExploring the cyclical nature of venture capital and its implications for investors.“We're probably at peak capital being managed in venture funds right now.”57:56Oct 21, 2022
- The Future of Venture CapitalA bullish outlook on the potential of venture capital to drive innovation.“This ecosystem is a massive competitive advantage for this country.”1:04:00Oct 21, 2022
