Cyan Banister
Appearances
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Congratulations on that, Cyan. Thank you. Thank you. I'm excited to be back, and I'm so excited. I did not expect to see David, so I'm over the moon. I'm so excited.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Well, 181, 181, 181, and 18. 18 stands for life to people who are Jewish, and my partners are Jewish. And it was something that was very important to them and to me to stand up after October 7th and take a very public stance. And so we announced our funding announcement on Bloomberg yesterday, and our office is on 18th Street. Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And so now we're helping institutions help people go to school, solving cancer and things like that. So every day that we get up in the morning, we're aligning what we do. Our mission is to chase the magically weird. We're looking for alpha in things.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
When everybody is consensus investing and they're doing the same thing and talking about the same things, we're thinking six to eight years in the future. When our fund three, we invested in a company in the chip space And, you know, we were thinking ahead about what's going to power AI and crypto.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And now that everybody's investing in the application layer, we're going into the next thing, which is like, what is that going to enable? And what's coming down the road and looking for founders that are thinking differently that most other of my peers would look at it and say, that's crazy. I don't want to put any money into that. So that's what we focus on.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, that was a magically weird company at the time. If you remember, I sent it around to multiple investors and they came back with the stupidest excuses I ever heard, but it was their excuse, which is, you know, Not everyone wants a black car. The car doesn't come to my house yet. No one wants to get into a stranger's vehicle. The list goes on and on.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
But it takes a vision of seeing the future and seeing how it plays out and believing in all the miracles that are gonna happen And getting in early is where all the alpha is, you know, before the thing is defined as a category. So that's where I like to play is I don't want it to even have a market name yet.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
That's where like all of my peers can go lose all their money in an ocean of dead bodies because like I don't want to play there. Yeah. And you get a price advantage too, right? Like if you enter early before it's a defined category, you're taking on a lot of risk. And so, you know, I'm getting deals anywhere from like five to 10 posts while all of my peers are playing in the 20 to 30 range.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I think that the government has long relied on private industry to solve some of its biggest problems, and that's what sets us apart from other countries in the world. And so you look at some of the best companies like SpaceX, Anduril, et cetera. We need more companies like this if we're going to compete. And so doing this absolutely makes sense.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Every movie theater. It's everywhere. This is everywhere. You have not left.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And it's just going to help the sales cycle to get that sort of stamp of approval that, you know, our government is using that software.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I think it's incredibly lowbrow. I agree with Chamath. And I think it's just so distasteful for a public official to do something like that, especially for an American company. And if you hear the people cheering in the background, it's obvious that there's a base that supports this. And that frightens me even more because he's saying these things because his constituents believe it.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And a politician says these things because they think it's going to motivate them to vote for them in the future. And that really frightens me. You know, that we are riling people up to cheer on the destruction of American company and possibly go out and burn cars. You know, I think that's the outcome.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Well, I disagree with all those points, obviously, but... Sure, they could run on them. They have tried. They've definitely said, we're going to have health care for all. Selling the American dream of home ownership I actually think is flawed in many ways. We're putting people into debt for things they can't afford, and they get screwed.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And so I just actually think they need to find a unifying, figure out who their moderates are. And there's also politically homeless people. We didn't include them. You know, there's these people who are just like, well, I can't vote right and I'm not left either anymore. So we've got to bridge this divide somehow and they've got to figure out the messaging.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
But I don't think going back to what they used to do is going to work because they promised universal health care and it hasn't happened and they had plenty of opportunity to do so.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, I'm going to start with my thoughts on Wiz. I think this is really exciting for me because this is a great example of a contrarian investment. When this investment was initially made, there was not a lot of money going into security. There still isn't. It's an underinvested category.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And with AI and the threat of the types of things that people can build and vibe coding and everything in between, you're going to need better security. And so I'm excited to see that maybe this might become an investable category. I think this is the largest exit ever in the security space. Am I wrong? I mean, I think...
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah. I don't think I've ever heard of anything this large.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
So, you know, how does this impact M&A? I mean, it's still pretty slow out there. You know, some actions better than no action, but like Niantic was just bought by Scopely.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I was.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, that's a Saudi conglomerate. And so that exited for 3.7 billion. And I think we're going to start seeing some movement, especially with the new administration.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Oh, my gosh. As soon as they spun out when Alphabet formed and spun them out as their own entity. There's a funny story for another time about how I got into the deal. But I realized it was my only opportunity to get in as early as possible. And so I stalked the founder and sat at his door. Oh, tell us the story. Okay.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, it's a great story. So before Pokemon Go, they had this game called Ingress. And I started playing it with my friends and I started noticing that my friends were doing some really unusual things. They were like charting helicopters and like traveling all over the world to cast these invisible triangles over the earth.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Basically, it's a game of green versus blue and who can cast the biggest triangle. I was like, why are these people spending so much time? And not only that, but why are they going around taking pictures of points of interest? for Google. Like, what is Google actually doing with this asset was my number one question. So I realized that Ingress was part of a bigger mapping plan.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I mean, if you look at the team, you look at John Hanke, they all come from Keyhole, and they're obviously part of the Maps team and helped build Google Earth. So this wasn't just a game. Pokemon Go was a joke. It was basically an April Fool's joke where the founder of Pokemon said, wouldn't it be cool if we put Pokemon on the map and we just tried to find them?
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And John Henke's like, yeah, let's turn this into an Ingress-like game. I went around telling everybody like if I had a chance to invest in anything, it would be Niantic. And because they were part of Google, I thought there was no chance. And then I got a call one day and they said, hey, my friend of mine was like, did you hear Niantic spun out?
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I was like, oh my gosh, I don't know anyone at Google. How do I reach John Hanke? And I realized I'd invested in this company called Hentwater and they were giving out game codes on the bottle cap. And I was setting up her ticketing system one day and helping her out in her office. And I saw all these tickets coming in with the subject line that said Ingress Game Code.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And I was like, what is this all about? And I just connected the dots and she introduced me to John Hanke. And then I went there with two engineers because I figured I got to show up with some value here. two badass engineers who were players. We sat on the front stairs and basically sat there and said, please take our money. He's like, I don't need you. I've got Nintendo. I've got Google.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I've got, and we're like, no, you really need us. And he gave one of those engineers a job offer pretty much that day. He gave me a key card to the office. And so I can come and go from Niantic as I please, which is pretty awesome. But it's just a fun story, you know? Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Just quickly, you know, one of the things that really concerns me is how we've been so high on cheap supply for so long. Like if you look at Shein and Timo before this pandemic, podcasts, I wouldn't looked up that their prices are up by 27% or something like that. And so when you used to be able to get a garment for $18, you're now paying $37 and Zara is like 75 for an equivalent.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And I think people really liked getting packages in the mail and feeling like their dollar went further and it's not going far. And so when you have a bunch of people who can't buy anything and consumerism is a big part of our, unfortunately, in some ways, our culture, you know, what does that do to You know, if you're looking around, there's urban blight everywhere in retail.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And, you know, we can't fill our malls. We don't have brick and mortar stores. They're shutting down. Forever 21 just shut down. You know, these are the types of things that, you know, people really care about is whether, especially in a time where, you know, you do have a recession, people want to buy a tube of lipstick or a dress to feel better about their life.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And right now they can't even do that. And so that's what concerns me is thinking about the retail future and then, you know, the consumer landscape of how this all affects everybody.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Well, obviously, Boeing is the big loser here. It's interesting to me how bad they just fumbled this. And then there's the political element. I don't know if we want to get into it. about how we weren't able to save these astronauts and they were stuck up there.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
We were seeing it landing in the water, but what you're not seeing is they couldn't walk when they got out and they were only supposed to be there for what, like 10 days?
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, eight months, which is horrendous because one of the things that I believe that America stands for is we don't leave people like that. And it's an American issue, not a political one. And so there's no reason why we shouldn't have engaged SpaceX sooner. It was offered and they turned it into a completely political issue and Boeing fumbled the ball.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And so, you know, I think hopefully this is a message that's loud and clear. And one of the things I'm so excited about is little kids watching this and seeing this and what it means for the future of our country, because they're looking up to people like Elon and they're going to be the next political class in the future. And that will matter. You know, this is the equivalent of the moon landing.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
And to see somebody in private enterprise do what Elon has done is just outstanding. So that's basically my comment on it.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
You would think this would be a Mark Watney story, like the Martian.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Okay. Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I'm concerned about the cultural stuff of this. Like America is so ill-equipped, especially with this wave of the last eight years of DEI and how it's infiltrated all of our institutions and how we raise our children in this country. Like we taught them that math is racist while China is, you know, their kids are the leaders in AI.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
You know, deep seek should show us that, you know, we have underestimated China every step of the way. And I think it's just a tragedy that, You know, I'm working on a book that's coming out called The War on Science, which will actually expose a friend of mine wrote it. It's a collection of essays exposes just how entrenched this became in every institution from medical science, etc.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Like, how do we recover from that is how we can compete with China, because otherwise we can't. You know, I really honestly don't understand how we're going to do it if we don't. And part of it is seeing these space launches. You know, obviously the next generation of children will be inspired by that. But we have a gap of about eight to 10 years where we lost that advantage.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Mm-hmm.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Well, not only that, but they are taught that you're either an oppressor or you're oppressed and there's no other option. And so if you go to one of these private, nice schools, then you're automatically an oppressor. So think about that. If you're a kid and you're born bad, inherently bad... Evil from birth? What does that do?
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
We have to fix that. I actually think it's one of the number one issues in our country is to get kids...
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
excited about being americans again you know we were talking about the democrat party uh they don't love america on the far left they hate america and they're very loud and vocal about it and so i'm glad that they're you know their base is shrinking but it needs to shrink further and we need to have more unifying messages and i think spacex could be one of those unifying messages where we bring people together and we encourage kids to think bigger about the future i'll tell you one anecdote
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Send them to a place that values free speech. Look there first. Look at the FIRE rating. And then that should tell you everything you need to know.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
No, it's fine.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I have a 13-year-old boy sense of humor. It's fine.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
Yeah, I want to know from David what his favorite piece of art is there and whether or not David and Chamath saw the Declaration of Independence.
All-In with Chamath, Jason, Sacks & Friedberg
White House BTS, Google buys Wiz, Treasury vs Fed, Space Rescue
I think you'll get a chance to.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I agree with Friedberg and Chamath. You know, it's a lot of everything. But I also think that to add to the prevention part, you know, other than clearing out underbrush and trees and things like that, you know, we don't build things in the state of California in a way that Houses should be built when you know that there are fires like this.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
So, for example, we have more wooden roofs than we really should have. We should really evaluate our materials that we're building things out of. But we also have, you know, down in El Segundo, you know, this is a company that I invested in Rainmaker. We have the ability now to cloud seed and do preventative measures to actually make a region have more water.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And I don't understand why we're not looking into things like this that could have prevented, you know, we knew that this storm was coming. We knew that these winds were coming. You know, Southern California shut power down. I have a farm down there. We still don't have power because they knew that most of these fires were started by PG&E or down power lines.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And so they proactively shut everybody down and we're still running on generators. And if you notice, there's no fires down there, but they also have 100 mile per hour winds.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And you're not seeing it. And there's plenty of mountain ranges and dryness there. You know, avocado farms are basically just sitting fuel. So I do think it's a combination of all of those things. And competence is definitely one of them.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Oh, without a doubt. I think diversity is good unless that's all you have. And I'll just simplify it like that. And I think it's very sad that somebody could be very qualified and be in a position, and we now have to question whether or not they were hired because of DEI. And Then it comes down to prioritization.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Like, when you're dealing with an organization like a fire department whose main job is to protect the public and put out fires and save people, any amount of time, as we know, is a valuable, precious resource that's being spent trying to roll out these programs or, you know... It goes beyond just who you hire. It's even the thought police of how you think.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's so pervasive within an organization that you die from the bureaucracy of it. And if anything went wrong with DEI, it was that they didn't have their eye on the prize of fighting fires. And instead, you know, they're focusing on something that truly doesn't matter. So you can be as diverse as you want to be and not be able to put out a fire and then it just really doesn't matter, right?
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Because you're not training people. You're not spending money on things that matter. You're not having the discussions that matter. And... That's where I think that does fall apart and it has a place there. But, you know, I go back to what Chamath said, though, you know, it really comes down to prevention and learning from our past.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
We seem to have a very short term memory and we forget very quickly because we rebuild and it looks pretty again and everybody forgets. And we just don't have the ability as a society really to think long anymore. Yeah. And that's a real problem. And I think we should learn from this fire. I really hope that what comes out of this is a shift in political leanings in this in this state.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
You know, I think more moderates are going to come to their senses. And as we've seen with the election and the outcome. And I think the state might shift some and we might actually get some policies that you're so right.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Thanks for having me. I appreciate it. It's nice to see everyone.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, I mean, a lot of these people paid for, I was reading stories of 30 some odd years into insurance thinking that, you know, their house wouldn't burn down. And then, of course, it gets canceled two weeks before their house burns down. And then the one time they need it, they don't have it. And part of this is, I mean, a huge part of it is what Friedberg was talking about are the regulators.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And so the free market solution is the only solution. If you look at, I have an investment in a company called Kin Insurance, and they specialize in direct-to-consumer insurance. insurance for areas that are plagued with natural disasters. So their number one state out of the 11 that they serve is Florida, followed by Texas, which has tornadoes and things like that.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And how they're able to get into these places and do insurance is the pricing is according to the construction of your home and all of these various things, and also weather models and using data science, things that are not allowed in California, if you can believe it or not. So you're not allowed to use a weather model to price in your decision-making for insurance in the state.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And that just doesn't make a lot of sense. You should be rewarded if you put the resources and time into your home to make it weatherproof, fireproof. Fireproof. Even earthquake resistant, right?
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
That's the number one thing that everybody misses and is mentioned in every interview that I've seen is photographs. Photos.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, we're in a couple of companies together. Yeah. Density. Density. We were on the board together for a little bit, so that was fun.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, I think I think Democrats need to reclaim their party. I think there's a lot more strength in the middle. And, you know, they've let this woke ideology, I call it woke imperialism, like a religion. take over in place of actually doing things that matter to the people that elected them, that pay taxes, that pay their, you know, their paychecks and everything in between.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And it's time that people really look in the mirror. I've got so many moderates coming to me saying, you know, people call me a Republican and I'm far right and I'm a Nazi and I'm like, yeah, welcome to the club. At some point, you've got to stop letting them run the board and stand up and say, enough's enough. We're not building some railway that's never being built.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah. Thumbtack. Thumbtack. Actually, Thumbtack, Density. and Uber, I all discovered through you. Which one was Uber?
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
We're not solving homelessness with billions and billions of dollars. We're not doing this stuff anymore. We do need real executives, to your point, Jason, to run things that understand how things are, how it works, and the best use of funds. Because right now, it's misappropriated.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I don't think you're allowed to say them.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And replace them. It's scary, but you can. You know, they send all their people after you. They threaten you. Gets personal. They went after you. I was signature number one. And I had to deal with the deluge of that stuff. But to be honest with you, I've never been happier to do something and get civically engaged.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I think it's so important that everybody starts getting involved in their local government and their state government and the national government because you can't just expect people to do the work for you. and expect it to turn out well. And I think that's kind of the mistake that we all made.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
If we want to take some responsibility, the tech industry as a whole did not get as involved as we ought to have in the past. And I think we should get more involved than we are.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I think we were busy building companies. And I remember, if I remember correctly, the only person I remember was, getting involved in local stuff was Ron Conway. Yes. And he would try to get everybody involved.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's true. It's true. Yeah, so found all three of those deals at your events. So that was really great. Aw. Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And we were all just like, you know, there's people who are smart that do that sort of thing and they're going to do their thing and they're running stuff and we're just not going to get involved. And there are a lot of people would say, I'm not political. I don't, I don't do politics. I don't, you know, they didn't get involved until it affected them. Kind of like the house is burning down.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It affects them. And yeah, You know, like they're saying that first they came for so-and-so and I didn't speak up. You know, that's what's happening here. And, you know, I just really think that people need to realize it's now affecting them and it's now time to make a change and elect better leaders.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I actually think deep down inside, he always has been. You know, I go back to the beginning days of Facebook and when there was social networks that were competing, which back at the time was MySpace, the only political party you could be was Republican or Democrat. And then along came Facebook and he added this third option called Libertarian.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And I would like to go to the Wayback Machine at some point and find his profile because his profile said he was a Libertarian. So when he started Facebook, you know, that's where he leaned. So I think he's always been a free speech person. I think he's always, this has been deep in his heart. I think what happened was he had enormous success. They grew very large and he had to become neutral.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Or he thought he did. And so I think what we're seeing with Zuck right now with his change in his, you know, even how he appears with a gold chain and how he's dressing and everything that he's doing is him going back to his roots to be more authentic. Because I think he hasn't been authentic for a long time. And that was a big critique that people had of him.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
You know, they were just like, when he talks, he's like a robot. And I think what we're seeing is him coming out of his shell. And I don't know if fighting helped it or what helped it, but you know, I do think it's the best thing to do and all the platforms need to do it and should embrace it. And it can be game though. Community notes can be game that we saw it with.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I saw a report that, you know, Kamala's campaign or, or I don't know if they directly work for her or what happened, but they did take over community notes on X and started manipulating them. So you have to be really careful, you know, how you run a community. But in general, I'm all for it. I think it's the right move.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Well, it was four hours. Three hours. I think he cut it to three and a half. Yeah.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Not to mention a violation of our constitution.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Obviously, he's a brilliant businessman, but I do think underneath it all, he is a human being. And I think his fighting in the arena and this fighting stuff that he does actually did change him. And this happened long before the First Amendment stuff started to appear. You know, I think... Or free speech, I shouldn't call it First Amendment. But I do think that the government did interfere.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And after January 20th, we're going to find out some interesting stuff and we'll get to the bottom of, you know, how did the government pressure him to censor things? And I think he's getting in front of that because it is going to come out. And I think that is a huge part of why he is getting more involved is because it's going to be revealed just how much the government coerced him.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, I mean, this is why I think the fighting actually helped. I think he learned to stop acquiescing. Wow. Interesting. He put up a fight. That is where I started seeing the change in him and started noticing it. And so did, you know, he's got so many more fans and people who are looking to him as a leader in a different way now because he's actually starting to express who he is.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Oh, thanks. Can I have you all as my professional cheerleading squad from now on? I don't like talking about myself and this is great.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And like what kind of music he likes. Nobody ever knew that. They thought he was just a robot. He doesn't like music. He hired a whole PR team to craft. This is my understanding. But anyway, I don't know that much detail. I don't I'm not involved in his personal life like that. But I just I always love to give people the benefit of doubt. I guess that's just me.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And I do think that people people can change. And I'm hoping that he is actually going to stay on this side. We we want more leaders like him to believe in free speech.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, exactly.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I think he's going to have to deal with advertisers next, though. I mean, that's one thing that X doesn't have to deal with as much. And that's going to be the second problem he's going to have is not just the government. But do advertisers want to be next to some of the content that's about to appear?
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Yeah, I'm really excited to talk about it because I think I've been trying to figure out how they justify their valuation strategy. over the long run. And I'm not a public market person, but I am fascinated with NVIDIA. And their cloud GPU business is definitely a majority of their revenue.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
So I think a lot of what we're seeing is them trying to grow into that and trying to expand in case the music stopped. Now, I don't actually think the music's going to stop. It's insane to me We haven't even barely touched what AI is going to do and change and all of the various things that are going to come from it. And the early adopters cannot use Clawed
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
without getting shut down because of scaling issues. And I don't think those are artificially created based on the type of investing I'm doing. And so I'm very bullish on NVIDIA. It is interesting. It's an interesting thing to go consumer. And the thing that really hit me was the fact that he kind of declared Tesla one of the most valuable companies in the world in the long run.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's interesting that he got behind Toyota. But at the same time, you know, I don't think there's one single car company out there that has the kind of data that Full Self Drive has and Tesla has. So if they enter the robo-taxi market, I actually think they should buy Uber.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Oh, yeah. I think they should buy Uber.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's kind of hard to believe, but it's true.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And then you launch that robo-taxi service, and maybe there's some sort of secondary aftermarket solution, kind of like Comma AI or something like that, that you can do for people's cars, where you can actually get anybody's car into the fleet and start self-driving. But it is true. This is going to be the largest breakout in robotics we've ever seen, if Waymo's any indicator.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And, you know, I read somewhere, I think that Amazon or somebody was looking at it. I don't know what was going on with Waymo. But, oh, Lyft. Amazon was going to buy Lyft.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
That makes no sense, right? It doesn't make a lot of sense to me. It doesn't really make a lot of sense.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I think maybe delivery or something like that. I can't figure out what their play is there.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
originating now in 2024 2025 look into your crystal ball and how do you think they'll uh grow the footprint of them how is this going to accelerate the startup scene i actually think we're going to see a cambrian explosion of creativity and and development of different things and some of them are going to be stupid ideas and some of them are going to be great but i think it's going to make our job especially at the seed stage of investing harder and harder
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
There's just going to be a lot of people that have similar ideas at the same time that can execute quickly and do things at breakneck speeds that they've never been able to do before.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's going to be harder and harder. Yeah. And it might be that, you know, I've been thinking about this, like, do you invest in competitors, which is something I never used to do? You know, do you take a bet and index an entire category that you're interested in? You know, what is the approach at seed and precede? Because I think of an idea and I'm like, wow, that's really neat.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And then I go and look out there and there's 30 people working on it. And that didn't used to be the case. And I think part of it is we've really unlocked a tool that allows people to do things that would have been cost prohibitive or gives them the ability to think, gosh, I could be an entrepreneur and I can try this and I could do this.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
So I'm seeing people experiment and do all sorts of things. As far as the startups, some of the AI stuff is just a feature. You know, it's just table stakes at this point. It's like, you know, a chat or whatever. And that doesn't really matter. But then you're seeing people reimagine games and reimagine... you know, even things down to your kitchen appliance, et cetera.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
So I just, I do think it's going to be very, very difficult. And, and I tend to sit out a lot of hype cycles. So I invested in power and compute lithography and, kind of all of the things that are going to be underneath all of this.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And so I'm not sure how much of it I'm going to participate in until it starts to get to a steady state and you kind of can understand what's next because the rate of acceleration is just so great. that it's just kind of unclear to me sometimes, especially when it comes to these consumer applications, consumer facing things, it's just really hard.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
You wouldn't think it, but there's still a lot of spreadsheet companies out there. You think you'd run out of them, but they're still out there. You look at and I think this is where AI is really going to make a difference, like RFP proposals for governments, something that takes like 30 days and it's manual and you have to submit these horrible documents.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
You can ingest your entire corpus of all of your previous bids and submit them at a breakneck speed now and win more contracts. That becomes like a national defense company at that point. And so I think we're going to see a lot of really interesting things where a lot of cruft is going to disappear. And that'll be a really interesting wave that I'm looking forward to.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's very strategic. If you look at the Panama Canal, I believe either end is operated and controlled by China. We are at war with China, whether we like to admit it or not, in my opinion. And so this is very strategic. He has a very strange way of communicating, as you pointed out, but I think it's brilliant. And I actually think we should add to that.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I've always thought that we should open up and add more states to and extend that invitation, you know, to Taiwan. I might be too controversial to even say India. But I do think that that we there's a lot of countries out there and people who really, really resonate with what it means to be an American and the freedoms that come with our subscription fees of this country.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And so I do think that it would be great for us to expand. And I don't know what he's thinking or how he's got behind the scenes who motivated him to do it. But I really think it's a great idea.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
Well, we have a military base there and we also protect it and we occupy it already, which is interesting. Right.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
I just went down a similar rabbit hole with the Grand Canyon.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
What about UFOs? I've looked into... I mean, UFOs is the only one that I usually come back to because, you know, if you look at... putting logs underneath and trying to roll them, or you look at flooding an area, all of this just doesn't make a whole lot of sense.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
And so, and then, you know, the fact that there are other civilizations that also have pyramids that are stunning and feats of engineering as well, things like Stonehenge, et cetera. I mean, there's just things that defy explanation. I don't know if you ever tried to make a catapult, but it's really hard.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It's really hard. And so, like, we just did not have the technology, or at least we can't find any definitive way that it happened. And so I do think there is a possibility that there was a more advanced civilization here or we were visited. And I think about that a lot.
All-In with Chamath, Jason, Sacks & Friedberg
LA's Wildfire Disaster, Zuck Flips on Free Speech, Why Trump Wants Greenland
It could be that. It could be that. It could be we had control of matter and alchemy or something like that. Who knows?