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All-In with Chamath, Jason, Sacks & Friedberg

E118: AI FOMO frenzy, macro update, Fox vs Dominion, US vs China & more with Brad Gerstner

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Alllin, Coronavirus, Calacanis, Palihapitiya, Health, Sacks, Friedberg, Allin, Entrepreneurship, Covid19, Gambling, Grow, Investing, Iq, Tips, Tech, Business, Jason, Startups, Poker, Technology, Money, Learn, Davidsacks, Davidfriedberg, Chamath

4.27.1K Ratings

🗓️ 3 March 2023

⏱️ 116 minutes

🧾️ Download transcript

Summary

(0:00) Bestie intros!

(6:47) The VC FOMO frenzy in AI

(25:22) Current LP mindset, VCs leaving boards, startup cram downs and mark downs

(37:23) Macro update: inflation not done, weaker earnings, interest rates

(52:01) Marc Benioff channels his inner Elon Musk, the stock-based compensation boom

(1:11:59) Fox News facing defamation lawsuit over false election fraud claims, TikTok ban heats up, competition with China

(1:34:33) Ukraine update: China's peace proposal, US strategy

(1:46:34) Harvard legacy admissions, Draymond Green on Black History Month

(1:50:01) Stripe chart errata, bestie wrap!

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

https://twitter.com/altcap

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.wsj.com/articles/why-i-stood-up-to-disney-florida-woke-corporatism-seaworld-universal-esg-parents-choice-education-defa2506

https://www.thedailybeast.com/bill-maher-shares-definition-of-woke-during-jake-tapper-cnn-interview

https://www.economist.com/business/2023/02/28/investors-are-going-nuts-for-chatgpt-ish-artificial-intelligence

https://podcasts.apple.com/ca/podcast/doug-leone-lessons-from-a-titan/id1154105909?i=1000602027979

https://openai.com/blog/introducing-chatgpt-and-whisper-apis

https://twitter.com/heykahn/status/1628453782177865728

https://www.ft.com/content/21420ce2-92a1-43a0-a153-04ac7c872466

https://www.wsj.com/articles/instacart-sees-revenue-profit-boost-ahead-of-public-listing-1d7891d

https://cdn.statcdn.com/Infographic/images/normal/21023.jpeg

https://www.barrons.com/articles/home-prices-dropping-redfin-fac43ede

https://www.google.com/finance/quote/CRM:NYSE

https://s23.q4cdn.com/574569502/files/doc_financials/2023/q4/CRM-Q4-FY23-Earnings-Press-Release-w-financials.pdf

https://seekingalpha.com/article/4583622-salesforce-inc-crm-q4-2023-earnings-call-transcript

https://twitter.com/altcap/status/1631361678582611970

https://www.investopedia.com/articles/06/fas123r.asp

https://www.wsj.com/articles/in-deposition-rupert-murdoch-says-fox-news-hosts-endorsed-false-2020-election-claims-c9348fc0

https://www.reuters.com/technology/tiktok-develop-parental-control-tool-block-certain-videos-2023-03-01

https://www.reuters.com/technology/white-house-gives-agencies-30-days-impose-federal-device-tiktok-ban-2023-02-27

https://www.wsj.com/articles/house-committee-lays-out-case-for-china-threat-ad62c611

https://www.euronews.com/2023/02/27/chinas-peace-plan-russia-says-no-conditions-for-peaceful-solution-or-ukraine-for-now

https://www.wsj.com/articles/ukraine-war-depleting-u-s-ammunition-stockpiles-sparking-pentagon-concern-11661792188

https://twitter.com/wikileaks/status/1496886759665586177

https://twitter.com/deloreshandy/status/1629516350602264582

https://www.nber.org/system/files/working_papers/w26316/w26316.pdf

https://www.tmz.com/2023/03/01/draymond-green-calls-end-black-history-month-celebrate-all-year

https://www.bloomberg.com/news/newsletters/2023-03-02/how-former-fugee-pras-michel-got-involved-in-1mdb-scandal-big-take

https://www.newyorker.com/magazine/2023/03/06/how-the-biggest-fraud-in-german-history-unravelled

Transcript

Click on a timestamp to play from that location

0:00.0

You want to run a marathon at 57 years old? 52. 51. 2. 52. I'll be honest, I miss you. Can you come back to the United States?

0:09.8

Please, I miss you. I will. I will. I will. I will. I will. I miss you too. I mean, the poker game can't by definition be as much fun if I'm not there.

0:15.4

It plays at bigger states and it's more challenging, but it's not as much fun. There's not as much laughing. What's on the menu tonight for austerity 2023?

0:23.6

The Amos bush is a Madeline with like a terrain of Flaugra. Fantastic.

0:28.6

You know, on a refriberg and then Ruta Bigger, Ruta Bigger salad and then some duck thing, duck breast.

0:34.5

You know, I love duck. And then and then butterscotch panicada. Wow. That is great lineup. And you know what?

0:40.8

I like the idea we're doing some poultry. Chef Sean is firing on all cylinders these days.

0:45.0

I feel very like engaged. He was very engaged. Yeah, he's kind of going for it. He's been on.

0:51.6

You know, that was quite nice the other day, Brad, because it's austerity measures,

0:55.5

we had this incredible dish and we're eating it. And then he said,

0:59.6

the caviar's on the bottom. And I was like, oh, so we just we don't put the caviar in time.

1:05.6

They just put it on the bottom. The market's down with the caviar on the bottom.

1:10.6

That's Chema style austerity. I'm not like, am I like? Oh my god.

1:16.0

No, he did say, guys, the caviar's on the bottom. Not the top.

1:22.4

We're trying to

1:23.5

bring man David.

1:27.5

And then said we open source into the fans and they just go crazy.

1:31.5

WS.

1:35.5

All right, sacks is here everybody. So that means we have a quorum.

1:39.6

Hopefully the sultan of science, who is on Wall Street today,

1:45.7

taking a company public. So congrats to our bestie Friedberg.

1:49.6

Ting, ding. He couldn't make it. He's at a dinner. So with us,

...

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