E92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
- Aug 20, 2022
- 1:39:03
- Full Episode
0:00 Bestie intro plus a new moderator! 7:19 Adam Neumann raises $350M from a16z for his new residential real estate startup Flow 25:32 Housing policy: Bay Area, Houston, Miami differences 45:41 China, Saudi Arabia, Russia increase relations: should the US be worried? 1:01:09 Inflation Reduction Act signed into law: climate change impact, CBO scorecard, IRS beefed up, carbon tax, big pharma pricing, and more 1:29:47 Chamath ends his spat with Phil Hellmuth, FBI raid follow-up
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.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html https://www.google.com/finance/quote/PLD:NYSE https://www.google.com/finance/quote/WE:NYSE https://www.google.com/finance/quote/BX:NYSE https://a16z.com/2020/04/18/its-time-to-build https://www.bloomberg.com/news/articles/2022-08-05/vc-marc-andreessen-opposes-plan-for-multi-family-atherton-housing https://www.politico.com/news/2022/08/16/xi-jinping-saudi-arabia-trip-middle-east-influence-00052023 https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541 https://www.wsj.com/articles/china-to-join-russia-military-exercises-as-u-s-rivals-deepen-ties-11660755790 https://www.reuters.com/markets/europe/saudi-pif-buys-shares-alphabet-zoom-microsoft-us-shopping-spree-2022-08-16 https://www.foreignaffairs.com/ukraine/playing-fire-ukraine https://www.cbo.gov/system/files/2022-08/hr5376_IR_Act_8-3-22.pdf https://www.weforum.org/agenda/2022/02/what-a-carbon-tax-can-do-and-why-it-cannot-do-it-all https://www.realclearinvestigations.com/articles/2022/08/18/fbi_unit_leading_mar-a-lago_probe_previously_led_russiagate_hoax_848582.html
Brief Summary
The episode discusses podcast dynamics, Adam Neumann's new venture, housing issues, U.S. foreign policy, and the Inflation Reduction Act's implications.
Key points
- Conflict and Resolution. The team discusses their disagreements and the importance of working through them.
- The Challenge of Apartment Branding. Creating a national brand for apartment living is unprecedented and could change the market.
- Housing Crisis in California. California faces a dire need for 3.5 million new homes by 2025, raising urgent questions about development.
- Saudi Aramco's Record Profits. Saudi Aramco reported a staggering $48 billion in net profit, surpassing major tech companies.
- China's Growing Influence. China is strengthening ties with Saudi Arabia and Russia, raising concerns for U.S. foreign policy.
- U.S.-Saudi Relations. The U.S. relationship with Saudi Arabia remains complex, balancing economic interests and human rights.
Episode highlights
- Conflict and ResolutionThe team discusses their disagreements and the importance of working through them.“You can fight with people you can disagree with them and you can still keep trying.”4:41Aug 20, 2022
- The Challenge of Apartment BrandingCreating a national brand for apartment living is unprecedented and could change the market.“It's never been done before, a brand for apartment living.”21:15Aug 20, 2022
- Housing Crisis in CaliforniaCalifornia faces a dire need for 3.5 million new homes by 2025, raising urgent questions about development.“The crux of the problem is we need to solve this housing crisis.”33:42Aug 20, 2022
- Saudi Aramco's Record ProfitsSaudi Aramco reported a staggering $48 billion in net profit, surpassing major tech companies.“It's the most profitable business.”47:38Aug 20, 2022
- China's Growing InfluenceChina is strengthening ties with Saudi Arabia and Russia, raising concerns for U.S. foreign policy.“Is the future a China-Russia-Saudi axis?”48:29Aug 20, 2022
- U.S.-Saudi RelationsThe U.S. relationship with Saudi Arabia remains complex, balancing economic interests and human rights.“It's much better to have them as a friend than drive them into China's arms.”49:36Aug 20, 2022
- The Carbon Tax DebateThe discussion revolves around the challenges of implementing a carbon tax and its implications.“We simply cannot find a way to a carbon tax.”1:02:56Aug 20, 2022
- The Corporate Minimum TaxA new 15% minimum tax on corporations is expected to generate significant revenue.“The biggest line in this bill is the corporate minimum tax.”1:15:02Aug 20, 2022
