E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more
- May 26, 2023
- 1:37:43
- Full Episode
(0:00) Bestie intros! (3:03) Sacks goes behind the scenes on the DeSantis Twitter Spaces experience (28:18) Debt ceiling, government spending, and lack of accountability (40:44) Ways to force more government accountability, who really wins from higher taxes (57:46) Nvidia up 30% due to massive Q2 guidance, rebuilding and upgrading cloud infrastructure, understanding phases of value creation in technology (1:06:20) Adobe's new AI product, why they might have overpaid for Figma (1:11:43) State of Silicon Valley, VC, and startups; dealing with failure (1:33:36) Bestie wrap!
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Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://twitter.com/MarioNawfal https://twitter.com/joebiden/status/1661496322980028423 https://www.wsj.com/articles/ron-desantis-presidential-campaign-twitter-announcement-ead63b25 https://www.politico.com/news/2023/05/25/iowa-voters-dont-think-desantis-twitter-failure-is-real-life-00098777 https://www.vanityfair.com/news/2023/05/ron-desantis-elon-musk-2024-announcement https://www.reuters.com/markets/us/fitch-puts-us-negative-credit-watch-2023-05-24/ https://www.reuters.com/markets/us/slimmed-down-us-debt-ceiling-deal-takes-shape-sources-2023-05-25 https://youtu.be/50MusF365U0 https://www.bloomberg.com/news/articles/2023-05-23/pentagon-can-t-account-for-thousands-of-f-35-parts-the-gao-says https://fred.stlouisfed.org/series/FYFRGDA188S https://en.wikipedia.org/wiki/Authorization_for_Use_of_Military_Force_of_2001 https://twitter.com/friedberg/status/1658163970979823616 https://www.270towin.com/1980_Election https://www.google.com/finance/quote/NVDA https://nvidianews.nvidia.com/news/nvidia-announces-financial-results-for-first-quarter-fiscal-2024 https://twitter.com/carlquintanilla/status/1661761614918426624 https://en.wikipedia.org/wiki/Huang%27s_law https://twitter.com/scottbelsky/status/1660992735040663553 https://twitter.com/chamath/status/1661467059341914112 https://www.globenewswire.com/en/news-release/2023/05/15/2669326/0/en/Rumble-Acquires-Podcasting-and-Live-Streaming-Platform-CallIn.html https://www.google.com/finance/quote/RUM:NASDAQ
Brief Summary
Ron DeSantis's Twitter Spaces announcement faced technical issues but highlighted a shift in political communication and media narratives.
Key points
- DeSantis' Twitter Announcement. Ron DeSantis announced his presidential bid on Twitter Spaces, garnering massive interest and technical difficulties.
- The Power of Direct Communication. The event showcased a shift in how political announcements can bypass traditional media.
- Powerful Attendance. Prominent figures like Bill Ackman and Elon Musk attended the event, sparking interest.
- Media Reaction to DeSantis and Elon. The media's explosive reaction to DeSantis and Elon sharing a stage highlights their controversial pairing.
- Unsustainable Deficits. Discussion on the unsustainable nature of running two trillion dollar deficits annually.
- Taxation and Spending. Debate on the implications of raising taxes versus controlling spending.
Episode highlights
- DeSantis' Twitter AnnouncementRon DeSantis announced his presidential bid on Twitter Spaces, garnering massive interest and technical difficulties.“This is by far the biggest Twitter space.”5:37May 26, 2023
- The Power of Direct CommunicationThe event showcased a shift in how political announcements can bypass traditional media.“You don't need to listen to four channels to shape your consciousness.”8:19May 26, 2023
- Powerful AttendanceProminent figures like Bill Ackman and Elon Musk attended the event, sparking interest.“It's really interesting that powerful people showed up for it.”19:34May 26, 2023
- Media Reaction to DeSantis and ElonThe media's explosive reaction to DeSantis and Elon sharing a stage highlights their controversial pairing.“The media's heads were exploding that DeSantis and Elon were going to be in the room together.”25:53May 26, 2023
- Unsustainable DeficitsDiscussion on the unsustainable nature of running two trillion dollar deficits annually.“You can't run two trillion dollar deficits every year; that's unsustainable.”36:33May 26, 2023
- Taxation and SpendingDebate on the implications of raising taxes versus controlling spending.“You cannot solve this problem by raising taxes.”46:23May 26, 2023
- Wealth Transfer in SpendingDiscussion on how government spending acts as a wealth transfer system.“It's a system of wealth transfer and that's not necessarily bad.”52:57May 26, 2023
- Nvidia's Revenue SurgeNvidia's shares jumped 30% after reporting huge revenue guidance due to AI demand.“Nvidia shares jumped as much as 30 percent after reporting huge Revenue guidance due to AI demand.”57:50May 26, 2023
