E158: Global trade disrupted, Adobe/Figma canceled, realtors sued, Trump blocked
- Dec 22, 2023
- 1:47:21
- Full Episode
(0:00) Bestie intros: Jason comes in hot, All-In's new Chairman Dictator, Holiday party recap, and more (7:54) Understanding the trade disruption in the Red Sea: Houthis, global impact on trade, the dicey geopolitical situation, and how this compares to COVID freight prices with Flexport's Ryan Petersen (35:55) Major M&A deals called off, downstream impacts of a hawkish regulatory environment (54:15) The new era of startup building: less capital raised, less overhead costs, more profitable, smaller exits with higher founder/employee ownership percentages (1:17:01) Bombshell class action lawsuits against the NAR and other real estate brokerages, how this could change residential real estate in the US (1:31:58) Colorado bans Trump from primary ballots
Follow the besties: https://twitter.com/chamath https://twitter.com/Jason https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow Ryan: https://twitter.com/typesfast
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.flexport.com https://www.wionews.com/world/wont-stop-fighting-netanyahu-rules-out-ceasefire-until-hamas-elimination-671867 https://www.figma.com/blog/figma-adobe-abandon-proposed-merger https://www.reuters.com/markets/deals/illumina-divest-cancer-test-maker-grail-2023-12-17 https://www.google.com/finance/quote/ADBE:NASDAQ https://www.saasgrid.com https://www.housingwire.com/articles/missouri-jury-finds-nar-brokerages-guilty-of-conspiring-to-inflate-commissions https://www.wsj.com/personal-finance/real-estate-buying-home-charts-6dc40caa https://www.msn.com/en-us/money/realestate/real-estate-commissions-could-be-the-next-fee-on-the-chopping-block/ar-AA1irqIV https://www.redfin.com/guides/how-to-sell-your-home-without-an-agent-fsbo https://apnews.com/article/trump-insurrection-14th-amendment-2024-colorado-d16dd8f354eeaf450558378c65fd79a2 https://www.nytimes.com/2022/04/02/us/politics/merrick-garland-biden-trump.html https://cafe.com/cafe-insider-feed https://www.lawfaremedia.org/podcasts-multimedia/podcast/the-lawfare-podcast
Brief Summary
The episode discusses Trump's disqualification from the ballot, real estate commission lawsuits, and challenges in tech mergers and startups.
Key points
- Caviar and Chips. A humorous moment as the hosts discuss their indulgence in caviar at a party.
- Phone a Friend. Sax struggles to answer a question and decides to phone a friend for help.
- Middle East Tensions Rise. The ongoing conflicts in Israel and Gaza could have significant implications for global markets.
- M&A Activity Stalls. Recent high-profile mergers have been called off, indicating a shift in the market.
- Chilling Effect on M&A. The protracted delay in deal approvals is creating a chilling effect on mergers and acquisitions in Silicon Valley.
- The Importance of Profitability. Profitability gives control over the business without external pressures.
Episode highlights
- Caviar and ChipsA humorous moment as the hosts discuss their indulgence in caviar at a party.“Caviar chip high and low, they call it!”5:16Dec 22, 2023
- Phone a FriendSax struggles to answer a question and decides to phone a friend for help.“I'd like to phone a friend!”9:55Dec 22, 2023
- Middle East Tensions RiseThe ongoing conflicts in Israel and Gaza could have significant implications for global markets.“This situation could spiral into a larger regional war.”25:26Dec 22, 2023
- M&A Activity StallsRecent high-profile mergers have been called off, indicating a shift in the market.“Adobe and Figma called off their merger after a 15-month review process.”36:12Dec 22, 2023
- Chilling Effect on M&AThe protracted delay in deal approvals is creating a chilling effect on mergers and acquisitions in Silicon Valley.“Regulators got in the way of the Adobe deal...”41:16Dec 22, 2023
- The Importance of ProfitabilityProfitability gives control over the business without external pressures.“By being profitable, we have complete control of the cap table.”57:34Dec 22, 2023
- AI's Impact on Venture CapitalAI may disrupt traditional VC funding models, leading to more efficient startups.“AI may be the biggest disruptor to VC.”1:02:52Dec 22, 2023
- The Shift in Startup FundingFounders are focusing on profitability rather than raising large rounds of funding.“Now they're just like how do I get to profitability.”1:04:26Dec 22, 2023
