E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy and more
- Feb 18, 2022
- 1:29:43
- Full Episode
0:00 Sacks needs the ball 1:43 Trudeau invokes emergency powers to try and stop the truckers protest 13:45 Bitcoin's role in decentralizing currency away from potentially hostile governments 25:37 San Francisco Board of Education recall: what this means for the boundaries of progressivism 42:02 Assessing Tiger Global's new strategy: less late-stage private companies, more Series A and B rounds, more compressed public tech stocks 1:11:24 HIV stem cell breakthrough, Sacks gives some hot takes on Fauci 1:24:59 Sacks' vendetta corner: Sacks vs. Paul Graham
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Referenced in the show: https://www.bloomberg.com/news/articles/2022-02-17/police-begin-financial-squeeze-trudeau-defends-emergency-edict https://www.thecountersignal.com/news/rcmp-ban-34-crypto-wallets-from-working-in-canada https://bariweiss.substack.com/p/get-ready-for-the-no-buy-list?utm_source=url https://twitter.com/Jason/status/1494534850090442752 https://twitter.com/juliettekayyem/status/1491757167308902405 https://twitter.com/juliettekayyem/status/1491789181428715521 https://www.nytimes.com/2022/02/16/us/san-francisco-school-board-recall.html https://twitter.com/garrytan/status/1493876167085944834 https://sanfrancisco.cbslocal.com/2021/05/24/covid-funding-loophole-san-francisco-school-reopening https://www.bloomberg.com/opinion/articles/2022-02-18/wokeism-has-peaked-in-america-but-is-still-globally-influential https://twitter.com/Jason/status/1493860336713097218 https://twitter.com/MikeBloomberg/status/1494009394257870848 https://theliberalpatriot.substack.com/p/the-democrats-coming-asian-voter https://www.theinformation.com/articles/tiger-global-d1-capital-signal-pullback-from-big-private-tech-deals-amid-market-rout https://www.wsj.com/articles/woman-appears-cured-of-hiv-after-umbilical-cord-blood-transplant-11644945720 https://twitter.com/phil_hellmuth/status/1494144604555206656 https://twitter.com/DavidSacks/status/1493296369796202496
Brief Summary
The episode discusses Trudeau's emergency measures against Canadian protests, financial censorship, and the implications for civil liberties and venture capital trends.
Key points
- Financial Censorship. Discussion on the implications of freezing bank accounts linked to protests.
- The Cost of Protest. The risks faced by ordinary Canadians supporting the protests are highlighted.
- Civil Liberties Decay. Civil liberties have decayed under the pandemic, leading to a tribal divide over rights.
- Education as a Path Out of Poverty. Education is seen as the only predictable way out of poverty, emphasizing its importance.
- Wokism's Evolution. Wokism may evolve into a subculture that lacks the power to influence major institutions.
- Democracy Under Threat. Concerns raised about the board of supervisors undermining democratic processes.
Episode highlights
- Financial CensorshipDiscussion on the implications of freezing bank accounts linked to protests.“This is actually happening in our mild mannered neighbor to the north.”3:15Feb 18, 2022
- The Cost of ProtestThe risks faced by ordinary Canadians supporting the protests are highlighted.“Thousands of Canadians who did nothing more than contribute are now at risk of financial ruin.”3:58Feb 18, 2022
- Civil Liberties DecayCivil liberties have decayed under the pandemic, leading to a tribal divide over rights.“We have let a lot of our civil liberties decay right under our nose.”20:58Feb 18, 2022
- Education as a Path Out of PovertyEducation is seen as the only predictable way out of poverty, emphasizing its importance.“When you're in poverty, the only way out is through an education.”30:39Feb 18, 2022
- Wokism's EvolutionWokism may evolve into a subculture that lacks the power to influence major institutions.“Wokism is likely to evolve into a subculture that is highly educated and fairly feminine.”34:51Feb 18, 2022
- Democracy Under ThreatConcerns raised about the board of supervisors undermining democratic processes.“They are trying to throw a wrench into the democratic process.”40:20Feb 18, 2022
- Market Reset in Tech InvestmentsMajor funds are slowing down investments in late-stage private companies amid market changes.“The multiple compression is here now.”42:25Feb 18, 2022
- The Evolution of Venture CapitalThe venture capital world has seen three distinct phases, evolving from founder replacement to pro-founder support.“Becoming pro-founder was now table stakes.”59:21Feb 18, 2022
