E54: Spread trading big tech, capital allocation, Zillow's misfire, Progressives suffer losses
- Nov 5, 2021
- 1:30:05
- Full Episode
Show Notes: 0:00 Besties do a Microsoft-themed intro 7:53 Spread trading big tech, amazing power of Google and Microsoft 17:28 Sacks speaks about Bird going public from the NYSE, understanding distributions and evergreen funds, why Friedberg went the startup studio route 30:36 How DAOs fit in to the capital allocation landscape, the balance of consumer-facing products and infrastructure solutions for web 3.0 35:24 Zillow's iBuying implosion 46:05 Wokelash: Progressive democrats take huge hit on election day 2021, what are American voters looking for? 1:14:57 New CO2 to starch conversion discovered by Chinese researchers, future climate incentives
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://twitter.com/Suhail/status/1455553539552382979 https://www.bloomberg.com/news/articles/2021-11-01/zillow-selling-7-000-homes-for-2-8-billion-after-flipping-halt https://twitter.com/RTanuku/status/1456324783809826819 https://www.nytimes.com/news-event/elections-2021 https://www.nytimes.com/2021/11/04/nyregion/stephen-sweeney-durr-nj-election.html https://www.seattletimes.com/seattle-news/politics/republican-ann-davison-defeats-nicole-thomas-kennedy-to-become-seattles-first-woman-city-attorney https://www.nytimes.com/2021/11/03/us/politics/democrat-losses-2022.html https://www.nytimes.com/2021/11/04/us/california-math-curriculum-guidelines.html https://nypost.com/2021/11/01/mcauliffe-claims-everybody-clapped-after-classroom-comment https://www.newsweek.com/cnn-van-jones-glenn-youngkin-delta-variant-trumpism-1645303 https://twitter.com/patrickruffini/status/1454792424488902656 https://www.shorenewsnetwork.com/2021/10/17/if-taxes-are-your-issue-njs-not-for-you-murphy-says-comment-taken-out-of-context/ https://www.science.org/doi/10.1126/science.abh4049 https://twitter.com/friedberg/status/1454482267707899909 https://www.theguardian.com/environment/2021/sep/28/blah-greta-thunberg-leaders-climate-crisis-co2-emissions https://www.wsj.com/articles/climate-finance-china-india-11636039142 https://www.wsj.com/articles/tariffs-climate-change-greenhouse-gases-manufacturing-steel-11635862305 https://twitter.com/elonmusk/status/1454808104256737289
Brief Summary
Hosts discuss Microsoft’s identity politics controversy, election results, and innovative climate change solutions.
Key points
- Woke Capitalism Discussion. A critique of Microsoft's recent presentation and its implications for society and visually impaired individuals.
- Going Public at Four Years. A discussion on the implications of a four-year-old company going public, highlighting rapid growth and setbacks.
- Scooter Industry's Resilience. After a six-month lockdown, the scooter industry rebounded with a new business model.
- Sequoia's Evergreen Fund. Sequoia's new evergreen fund raises questions about long-term investment strategies.
- Zillow's Market Collapse. Zillow's shares plummeted 37% in one week as they attempt to offload 7,000 homes.
- Zillow's Risky Business Moves. Zillow's strategy to become a market maker backfired, leading to significant financial losses.
Episode highlights
- Woke Capitalism DiscussionA critique of Microsoft's recent presentation and its implications for society and visually impaired individuals.“This is woke-ism out of control!”4:56Nov 5, 2021
- Going Public at Four YearsA discussion on the implications of a four-year-old company going public, highlighting rapid growth and setbacks.“I think it's a good thing.”19:01Nov 5, 2021
- Scooter Industry's ResilienceAfter a six-month lockdown, the scooter industry rebounded with a new business model.“They pivoted to a fleet manager model.”19:27Nov 5, 2021
- Sequoia's Evergreen FundSequoia's new evergreen fund raises questions about long-term investment strategies.“An evergreen fund is different from having to figure out distributions.”22:43Nov 5, 2021
- Zillow's Market CollapseZillow's shares plummeted 37% in one week as they attempt to offload 7,000 homes.“Zillow shares dropped 37% this week alone.”36:23Nov 5, 2021
- Zillow's Risky Business MovesZillow's strategy to become a market maker backfired, leading to significant financial losses.“They were looking at the historical velocity of selling prices of homes.”38:26Nov 5, 2021
- Democrats Face BacklashVoters reject proposals to defund the police, indicating a shift in public opinion.“Voters were having none of it.”47:53Nov 5, 2021
- Mcauliffe's GaffeTerry Mcauliffe's debate comment about parental control over education backfires, shifting election dynamics.“I don't think parents should be telling the schools what to teach.”56:55Nov 5, 2021
