E120: Banking crisis and the great VC reset
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.2 • 7.1K Ratings
🗓️ 17 March 2023
⏱️ 90 minutes
🧾️ Download transcript
Summary
(0:00) Bestie intro!
(1:35) Recapping the events of the past week
(5:39) Understanding the banking crisis
(32:55) Solving the global debt problem, righting the ship
(54:20) VC market update: Founders Fund splits its eighth fund in two, Sequoia's reported returns, YC cuts its growth-stage team
(1:08:36) Science corner: Superconductors
(1:24:56) DeSantis update, Ukraine spending run rate, bestie wrap!
Follow the besties:
https://twitter.com/DavidSacks
Follow the pod:
https://twitter.com/theallinpod
https://linktr.ee/allinpodcast
Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://seekingalpha.com/article/4565388-svb-financial-blow-up-risk
https://www.nytimes.com/live/2023/03/16/world/france-pension-vote#france-pension-vote
https://www.politico.eu/article/police-fire-dutch-farmer-protest-nitrogen-emission-cut
https://www.bbc.com/news/uk-england-london-64968795
https://www.treasurydirect.gov
https://www.axios.com/2023/03/03/founders-fund-slashes-vc-peter-thiel
https://www.axios.com/2023/03/15/stripe-50-billion
https://www.wsj.com/articles/tiger-global-writes-down-venture-funds-bets-by-33-in-2022-3f9f6ade
https://twitter.com/Jason/status/1633570102326202368
Transcript
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| 0:00.0 | All right, everybody, welcome to the all in podcast and with me again this week, the Sultan of science, the principal panic attacks, the queen of Kenwa David Friedberg, the dictator, |
| 0:11.0 | Trimoff, Pauli Happatilla wearing beautiful Mr. B sweater and David Sacks, the rain man himself. |
| 0:18.0 | Thanks for coming to my Laura Pianodon on Tuesday, Jay Kong. |
| 0:21.0 | That was wonderful. Thanks at least one bestie showed up for you, wonderful, wonderful dinner. |
| 0:26.0 | I sat as far away from the Laura Pianod people as possible in the arranged seating. |
| 0:30.0 | Thank you for that. I guess maybe you were like, I'm gonna contain the damage Bernard Arno's that put the All Cap Scott at the end. |
| 0:37.0 | And I said, okay, yeah, he still hurt me. I was like, what's the amuse, booge? |
| 0:44.0 | I did her every time he said something he yelled like he was in all the house. |
| 0:51.0 | I want another butter Scotch pudding. The butter Scotch pudding is delightful. |
| 0:58.0 | I'm four feet away from you, Jake. How you take the cab slot? |
| 1:02.0 | Chef Sean Christens. Chef Sean Christens. Chef Sean Christens. Chef Sean Christens. |
| 1:06.0 | We're you sounding alarms when the restaurant almost ran out of something? Alert alert alert. |
| 1:12.0 | Restaurant is running low on coffee. We're dangerously low on caviar on this one. |
| 1:17.0 | It's the worst. |
| 1:20.0 | You're like your winners, right? |
| 1:22.0 | Rainman David. |
| 1:26.0 | And it said we open source into the fans and they've just got very easy with me. |
| 1:31.0 | Love you guys. |
| 1:32.0 | We know you can want to know it all in. |
| 1:35.0 | All right, everybody. Welcome to the pod where we, you know, try to inform you. |
| 1:38.0 | We try to make some jokes here. I just want to make what is a little bit of an opening statement here. |
| 1:43.0 | It's not an apology and it's not a victory lap in any way. |
... |
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