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All-In with Chamath, Jason, Sacks & Friedberg

E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee

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

🗓️ 7 April 2023

⏱️ 87 minutes

🧾️ Download transcript

Summary

(0:00) Bestie intros!

(4:12) Trump indictment

(16:52) De-dollarization: What's real and what's overblown?

(39:35) Debt ceiling vote predictions

(56:36) US investors indirectly backing Chinese AI startups: should it be allowed? Saudi Arabia discloses VC investments as institutional US LPs cycle out of venture

(1:10:02) RIP Bob Lee, fixing San Francisco

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.cbsnews.com/news/trump-indictment-34-felony-counts-charges-new-york-read

https://nymag.com/intelligencer/2023/04/donald-trump-new-york-indictment-bragg-should-not-be-brought.html

https://anncoulter.substack.com/p/youre-being-played-republicans

https://theweek.com/donald-trump/1022331/former-manhattan-da-says-federal-prosecutors-asked-him-to-stand-down-on-trump

https://www.barrons.com/news/china-brazil-strike-deal-to-ditch-dollar-for-trade-8ed4e799

https://twitter.com/DavidSacks/status/1638957986138959873

https://www.illinoispolicy.org/chicago-has-more-pension-debt-than-44-states

https://www.yahoo.com/now/social-security-funds-could-run-120000267.html

https://wsj.com/articles/the-coming-biden-bailout-of-blue-states-and-cities-rhode-island-california-pension-liability-underwater-rates-svb-5033c1e5

https://fred.stlouisfed.org/series/FYFRGDA188S

https://fred.stlouisfed.org/series/FYONGDA188S

https://www.longtermtrends.net/us-debt-to-gdp

https://pitchbook.com/news/articles/Sanabil-Saudi-Arabia-PIF-disclosures

https://www.bloomberg.com/news/articles/2023-03-31/adam-neumann-angles-to-take-new-startup-flow-to-saudi-arabia

https://www.theinformation.com/articles/sequoia-and-other-u-s-backed-vcs-are-funding-chinas-answer-to-openai

https://twitter.com/rabois/status/1643655946579607565

https://twitter.com/jarvis_best/status/1643667684247371776

https://twitter.com/FrancisSuarez/status/1642862135226126338

https://www.chicagotribune.com/politics/elections/ct-chicago-mayor-election-winner-declared-20230405-plratgzcbrewbngbjcsxwmycgi-story.html

Transcript

Click on a timestamp to play from that location

0:00.0

I can't see what's on your hat. What does it say? Super gut. One of my most exciting companies called Ohio. Oh,

0:05.5

Mahalo. I still have Mahalo.com. No, not Mahalo. Unrelated, completely unrelated, nothing whatsoever to do with Mahalo. I remember Mahalo. Great product.

0:14.0

Sorry, I didn't become like it. We were making $10 million in revenue at the peak. Yeah. At 100 people writing like human curated search result pages.

0:26.0

Yeah. Look at Chatchee. You're great guy to reference the Chatchee PT thing coming out of that. Well, then what happened was they did the Panda update and we went from 10 million down to 500,000 in revenue overnight. What was the Panda update? They looked at who the top sites were.

0:43.0

E how Mahalo. Yeah.

0:46.0

Etc. And they just said nobody can get any more than this amount of traffic. And they literally throttled the number of unique users they would send to you.

0:54.0

And that was it. Game over. And then everybody I knew at Google wouldn't return my emails. And they were like, we don't have partnerships with anybody. That's what Matt cuts to me. Are you saying that Mahalo's lack of success had nothing to do with the poor product and execution. It was Google's malfeasance.

1:12.0

It got really rare reviews. It was backed by Sequoia. So did the movie. But it's so.

1:17.0

You know, when you build a company that gets to 10 million in revenue in 18 months, you can talk to them up. But basically looking at your resume here, I see that you've created nothing in your entire career.

1:27.0

When you get any arena, the arena and you actually build a product, then you can talk to me. I had the number one blog in the world, one of the top five tech magazines in the world.

1:37.0

And this is the number one tech and business podcast. So good. I touched a soft spot. I got to the war of underbelly there.

1:43.0

Jake House so rarely goes after Chimoff when he does. It's just gold. It's like it's a great. You're talking to three founders here, Chimoff. You're the odd person out.

1:52.0

So when you want to talk about product, then make one. Okay. So gross. And yet I'm the richest. It's so guilty. It must tilt you totally fine. So Kim Jong Un, so Putin.

2:02.0

Okay. There's a lot of rich people in the world. But these are three products. Okay, dictator. There's your cold open. Let's go.

2:11.0

What your winners ride.

2:26.0

All right, let's get started, everybody. It's been a big week. There's a lot to talk about. It might be a little bit of a controversial spicy agenda today here on the all in podcast with me again.

2:37.0

The Sultan of science who is tearing up the YouTube comments, everybody asking the Sultan of silence to contribute more and to speak more. But when he does speak my Lord, he drops those knowledge bombs. How you doing?

2:49.0

Sultan of science. I'm hanging in there. You're hanging in there. Okay. Well, I'm hanging in there. Man, if you were, it's I guess hanging in there. Okay. Great. With us again. Of course, another Android David Sacks. Sacks. How are you doing?

3:02.0

I am doing fine. How are you? Let me ask you. What's the question? How are you doing? Let me ask you. Hold on. Let me see what it says. I mean, basically chat to you.

3:13.0

P4 is the ultimate asperer. There's equalizer. You guys are going to benefit most from this. I asked it. How are you? It says as an AI language model. I don't have feelings or consciousness. So I don't experience emotions or states of being like a human does. However, I'm here and ready to help you with any questions or topics you'd like to discuss.

3:30.0

How can I assist you today? That's pretty similar to how you feel except you don't offer to help anybody. Okay. Also with us is the dictator himself. We're going to talk about topics looking forward to today's episode. And with us, the dictator with a shockingly.

3:45.0

Shockingly low cut. There's only one button on the shirt. Only one button. Okay. Made from a tiny albino. Right here. Right here. They were like, should we put buttons in their life? Why could buttons? Why could buttons?

...

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