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🎙️ Dream guest: Biden on the pod for a grilling like Trump! ✨

Hello everyone, welcome back to the podcast. Today, I want to talk about something that has been on my mind for a while.

I start by sharing a thought. I'd like Biden to come on the pod and submit to the same type of questioning that Trump did. At this moment in time, if you asked me which political figure I'd like to interview next, I would say Biden.

I shift the conversation to Freeberg. Freeberg, tell us which fictional science fiction character from Dune you would most like to see on the program as your guest.

Freeberg gives his answer. My answer is Javier Milei. Oh, great pull. I think Javier Milei represents the salvation of the West. Much of the West is headed in a direction that he describes as socialist policies that negatively impact productivity and progress. Argentina learned that lesson the hard way over a long period of time.

I reflect on Freeberg's thoughts. He has, like Superman, gone around the world, flying seven times around the Earth in reverse time, trying to revitalize that country and its economy. He's gotten foreign dollars to go back into Argentina, run a government surplus, and seen unemployment decline. All the benefits of free markets and capitalism seem to be playing out in a very short period of time in Argentina. He represents the next phase of what could be a challenging decade or two ahead.

I expand on the idea of interviewing world leaders. Now that I think about it, we're talking about world leaders. NBS or Xi Jinping would be incredible guests as well, huh? I think there's a decent chance we'll get at least one of them.

I transition to discussing AI and education. How do you view AI and how it will influence your kids' education? I think AI will revolutionize education by creating highly customized AI tutors. Each child can receive specialized, bespoke education, as opposed to the assembly line method we use today.

I emphasize the potential of AI. Right now, education is like making Fords or McDonald's hamburgers—it's a big assembly line. With AI, we can cost-effectively deliver a highly customized education experience for every child. This is referred to in the industry as adaptive learning.

I consider the impact on the nature of work. The nature of work is going to change profoundly. We haven't equipped people to take advantage of it. Jobs that are formulaic or involve making inferences will be automated away. What's left is judgment, which comes from experience, and experience only comes from failure.

I stress the importance of resilience. We need a culture that celebrates resilience and encourages risk-taking. If we coddle folks and focus on microaggressions, kids won't develop resilience or take risks. This leaves them inexperienced and without judgment, making them easy targets for automation.

I share personal experiences. I've been having my daughters go to the store on their own with money to buy stuff, engaging in resilient and adventurous activities. Taking risks, having grit, and being great communicators and leaders will be what's left when automation takes over routine tasks.

I invite Freeberg to share his perspective. Freeberg, are you thinking about AI's impact and how it's influencing how you parent your children?

Freeberg offers his thoughts. I think it's about finding leverage. Every technological frontier has been about scaling up human roles. Transitioning from labor to design and succeeding in that environment requires re-education and motivation.

🌟 Life's full of chapters—don't let others define your story! 📖✨

I take a moment to gather my thoughts. Just sort of take a shot as best as you can when the shot presents itself. If you view your life as a series of chapters, the real problem is going to be everybody else because they're going to want to define you by one chapter. It allows them to compartmentalize their own lives. You have to be very careful not to let the expectations of other people drag you down.

I emphasize the importance of variety. You should live eight or nine careers, and try seven, eight, ten, or even fifteen different things in your life. I've had many chapters—from cashier at Burger King to entrepreneur, executive, rank-and-file worker, and investor. The only people who will try to make you feel good or bad about any one chapter are the ones that are just completely impotent and on the sidelines. Ignore the haters, focus on your craft and your skills.

I shift the conversation to pop culture. People are just obsessed with Taylor Swift. Did you guys see that Travis Kelsey went on stage in Wembley with her? Doesn't she perform for like three or four hours? It's like an insane haul.

I address a recent news item. Is it true that the HW Tua lady got fired? Apparently, she's a preschool teacher, and some people think she might be a bad influence on their preschool-age kids.

I share a personal anecdote. Here they are when they showed up. I rescued these dogs. In Italian, they're called bardini.

I clarify my previous statement. I was upset because I made it sound like I wasn't happy with these two dogs. They are called bardini in Italian—this is a bardino, a little Italian bard. That's the bastardino; two of them are bastardino. Bardino kacho—is that what you had the other day? The bestard? Bardino, oh, so wrong.

I refocus on career advice. To Sax's point about getting focused on your career, when you do find the one thing you love, build your social media around that—your entire online identity. Whether you have a podcast, make TikTok videos, blog on Substack, or Beehive, whatever your jam is, just really get focused on one thing that you can excel in.

I offer practical advice. I've given this advice multiple times: doing spec work and showing that you're doing work in the world independent of getting paid is a very powerful tool. We've seen that over and over again with the all-in creators, so don't be afraid to just do work online and share it with the world around your passion.

I take another question from the audience. Let's take another question here. We've got the 26-year-old Nick. Producer Nick is pulling in questions from the audience in real-time, correct? Yes, Nick.

I read the question aloud. Dominic McDer asks, "What experience and habits, systems from your childhood, contributed to making you skilled individuals today?"

I invite Sax to share his experiences. Sax, anything from your rough-and-tumble childhood in the South of America? Or, he's not from the South; he's from Memphis, right?

I clarify Sax's background. Yeah, I grew up in Tennessee. That's right, we moved there when I was five years old. I was originally from South Africa, and then my family moved to Tennessee when I was five.

Sax reflects on his childhood. As I look back, I read a lot when I was a kid. Didn’t really think of myself as an outlier in that department when I was younger, but now I realize that I clearly was. By today's standards, it would be a huge outlier. Kids today, you just can't get them to read—there are too many entertainment options, and they're too addicted to screens. It's actually kind of depressing.

He shares his reading habits. I read a lot when I was a kid, and if I got interested in something, I would go down the rabbit hole and read about it until I completely exhausted it. I remember in 10th or 11th grade, I learned about Darwin and ended up reading every single book by Richard Dawkins and Stephen J. Gould. That was clearly outlier behavior.

I tease Sax about his beliefs. Must have been tough for you when Tucker told you that all that Darwin stuff was actually not true. It must have been heartbreaking.

I turn to Freeberg. Freeberg, you led a charmed, nepo-baby life. Tell us, how did that inform all the success you've had?

Freeberg reflects on his upbringing. I left home early. I was 15 years old when I moved out of my home and went to college. I was eager to move on, so the trauma is real. We'll leave it at that.

I share my own background. I learned that you’ve got to run in a pack; there’s safety in numbers when you grow up in Brooklyn. I have no fear of getting into any kind of altercation or fight. Growing up in a bar in Brooklyn taught me to have a thick skin and be tough.

I address the audience once more. Let’s take another question here. You guys see all these comments coming in? I can’t follow them—they’re too fast. Please stop chats, live shout-outs. It’s super interesting. Stop giving super chats, stop.

🚀 Start early, stay tough, and make your own path! 🌟💪

Hello everyone, welcome back to the podcast. Today, I want to dive into some thoughts and experiences that have been on my mind lately.

I take a moment to gather my thoughts. I left home early. I was 15 years old when I moved out and went to college, and I was on the road. I reflect on my eagerness to move on. You have to run in a pack; there's safety in numbers when you grow up in Brooklyn. I have no fear of getting into any kind of altercation or fight. Growing up in a bar in Brooklyn taught me to have a thick skin and be tough.

I shift to addressing the audience's support. Stop giving super chats, stop giving money to us. How much money have we collected so far? I can't even keep track of it. I think we're about a quarter way through it, but I see a couple of hundreds in here—Brandon gave a $50, Bill gave a $99. People are giving hundies and stuff; it's just absurd. Frank Kenez just gave a dollar, trying to sneak in. You can't sneak into the Velvet room for a dollar, bro.

I acknowledge the generosity. All I'll say is it's incredible—really incredible. What you have done is really incredible. I saw the bottle and the packaging, and my excitement was through the roof. We're hopefully going to reveal it at the All-In Summit. If you're at the summit, you'll be able to pre-order it.

I elaborate on the product. We're taste-testing against brands like Clase Azul Ultra, which is $3,000 a bottle, and it's better than that. Some people will drink it neat, but that's way too hot in my opinion. You want to water it down a little with some ice to open it up—that's the right way to drink it.

I engage with Sax about his drinking habits. Sax, do you just sip tequila with an ice cube in it? You'd never use this tequila to make a margarita, right? No, no, never. This is too premium for a margarita; you'd use a Blanco or something for that. This has been aged in a barrel for five years.

I share more about the product's quality. You just want to drink it over ice. Some people will drink it neat, but it's too hot for that. Water it down a little with some ice to open it up—that's the right way to drink it. Sax and I would do that when we hung out at the Battery.

I praise Sax's contribution. Sax came into this enterprise and said, "I'll do the tequila. Give me a quarter million dollars in this LLC, and everyone shut up." And you know what? Everyone shut up, and he brought the heat. I'm so excited for this.

I respond to another Super Chat. $50 from Eric. Okay, what's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? Let’s allow anyone who gives beyond a certain amount, like $50, to pre-order a bottle. Nick, can you track who has given at least $50?

I address the audience's generosity. Yes, if you donate $50, we'll get your name, and you'll get to pre-order a bottle. Someone sent $100 and said this is for the zipper. We have a very wealthy audience listening right now; this is pretty crazy.

I answer Eric's question. What's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? I'll tell you something. I had my advisory board meeting for my legacy venture funds. This was the first quarter since Q1 of 2022 where I have not had a meaningful drawdown in my portfolio. I kind of think things have bottomed, so I'm excited that we're beginning the process of rebounding.

I invite Sax to share his thoughts. Sax, anything you're looking forward to in the back half of the year?

Sax shares his excitement. Well, I think Daddy's coming home to the White House, which has got me excited. On a personal level, I'm excited about working on Glue. We did a limited release behind a waitlist and are onboarding about 40 companies a week. We're racing towards general availability over the next two to three months.

I turn to Freeberg. Freeberg, anything you're looking forward to?

Freeberg shares his anticipation. I'm looking forward to the election being over so we can stop talking about politics. Number two, I'm building a business at Ohal, and I am very excited every day with...

💡 Your generosity fuels our journey—together, we're unstoppable! 🌟✨🙌

Hello everyone, welcome back to the podcast. Today, I want to dive into some thoughts and experiences that have been on my mind lately.

I take a moment to gather my thoughts. I left home early. I was 15 years old when I moved out and went to college, and I was on the road. I reflect on my eagerness to move on. You have to run in a pack; there's safety in numbers when you grow up in Brooklyn. I have no fear of getting into any kind of altercation or fight. Growing up in a bar in Brooklyn taught me to have a thick skin and be tough.

I shift to addressing the audience's support. Stop giving super chats, stop giving money to us. How much money have we collected so far? I can't even keep track of it. I think we're about a quarter way through it, but I see a couple of hundreds in here—Brandon gave a $50, Bill gave a $99. People are giving hundies and stuff; it's just absurd. Frank Kenez just gave a dollar, trying to sneak in. You can't sneak into the Velvet room for a dollar, bro.

I acknowledge the generosity. All I'll say is it's incredible—really incredible. What you have done is really incredible. I saw the bottle and the packaging, and my excitement was through the roof. We're hopefully going to reveal it at the All-In Summit. If you're at the summit, you'll be able to pre-order it.

I elaborate on the product. We're taste-testing against brands like Clase Azul Ultra, which is $3,000 a bottle, and it's better than that. Some people will drink it neat, but that's way too hot in my opinion. You want to water it down a little with some ice to open it up—that's the right way to drink it.

I engage with Sax about his drinking habits. Sax, do you just sip tequila with an ice cube in it? You'd never use this tequila to make a margarita, right? No, no, never. This is too premium for a margarita; you'd use a Blanco or something for that. This has been aged in a barrel for five years.

I share more about the product's quality. You just want to drink it over ice. Some people will drink it neat, but it's too hot for that. Water it down a little with some ice to open it up—that's the right way to drink it. Sax and I would do that when we hung out at the Battery.

I praise Sax's contribution. Sax came into this enterprise and said, "I'll do the tequila. Give me a quarter million dollars in this LLC, and everyone shut up." And you know what? Everyone shut up, and he brought the heat. I'm so excited for this.

I respond to another Super Chat. $50 from Eric. Okay, what's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? Let’s allow anyone who gives beyond a certain amount, like $50, to pre-order a bottle. Nick, can you track who has given at least $50?

I address the audience's generosity. Yes, if you donate $50, we'll get your name, and you'll get to pre-order a bottle. Someone sent $100 and said this is for the zipper. We have a very wealthy audience listening right now; this is pretty crazy.

I answer Eric's question. What's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? I'll tell you something. I had my advisory board meeting for my legacy venture funds. This was the first quarter since Q1 of 2022 where I have not had a meaningful drawdown in my portfolio. I kind of think things have bottomed, so I'm excited that we're beginning the process of rebounding.

I invite Sax to share his thoughts. Sax, anything you're looking forward to in the back half of the year?

Sax shares his excitement. Well, I think Daddy's coming home to the White House, which has got me excited. On a personal level, I'm excited about working on Glue. We did a limited release behind a waitlist and are onboarding about 40 companies a week. We're racing towards general availability over the next two to three months.

I turn to Freeberg. Freeberg, anything you're looking forward to?

Freeberg shares his anticipation. I'm looking forward to the election being over so we can stop talking about politics. Number two, I'm building a business at Ohal, and I am very excited every day with the progress we make. We are building incredible products. Every milestone is exciting when you're building something new and novel and seeing it work in the market; it's pretty awesome.

I amplify Freeberg's thoughts. Glue, so that's a lot of fun right now. We did a limited release behind a waitlist and we're onboarding, I don't know, about 40 companies a week now. As we do that, we discover more needs and issues. We knock off those feature requests and then we take the next 40. We're just doing this systematically until we can go GA—General Availability, where there'll be no waitlist; everyone can just sign up. We're kind of racing towards that date over the next two to three months.

I echo Freeberg's sentiment. I'm looking forward to the election being over so we can stop talking about politics. I'm building a business at Ohal, and I am very excited every day with the progress we make. We are building incredible products. Every milestone is exciting when you're building something new and novel and seeing it work in the market; it's pretty awesome.

I emphasize the excitement about the future. I am super excited about the back half of the year. I'm excited for ski season again. I am super excited about some of the companies we're investing in. The bottoming out has occurred, and we're starting to see a lot of secondary offers come in for shares in some of our Fund One, Two, and Three companies. Those are the ones that have more time to bake. I think a sign—I don't know if you're starting to see that now—some of them are lowball offers where people are offering half off the peak valuation, but it's an offer nonetheless.

I discuss the market signs. There was no bid for, what, 18 months on any of these companies, with the exception of maybe SpaceX and Stripe. It feels like it's bottoming out. There's a huge gap right now between public and private valuations. GitLab's numbers—it's public, it's valued at about $6.9 billion, so 10 times ARR. The last two companies that I talked to, which are exciting companies, they're at $10 million of ARR and they want billion-dollar valuations—100 times. They're growing a lot faster than 30% year-over-year, but are they really going to be growing faster than 30% when they're at $700 million of scale or even $100 million of scale? Pretty hard to do.

I propose a strategy. Buying a basket of pretty fast-growing SaaS companies at 10 times ARR seems like a fairly attractive strategy to me right now. We just had our first private equity firm come into one of our companies. Actually, it's happened twice now in the last year, private equity kind of crossover funds asking to buy a percentage of a company and kind of take it over. A sign perhaps of a healthy market where you have many options of what you do with your funds.

I address the trend. Some venture funds are choosing to maybe buy out companies and act more like private equity because they see maybe a better opportunity. But there's a lot of venture money out there still, huh, Sax? So that's pushing the bid up. People are looking to find that $10 million, $20 million ARR company and place a bet. There's just too many funds.

I take another audience question. Let's take another question, Nick, from the audience. And what's the record right now in terms of donations? Because this is all going to go to charity, folks, dead serious. We'll figure out the charity later. I think $200. There are some coming in different kinds of currencies that I have to convert manually, but right now for USD, I see $200 from Rahill. He said, "I don't want a zipper, I'm about the deal sleds." Respectfully, how much for the Loro Piana, Chamath? $200? No, this is a sweater I got from the team at Louis Vuitton because they asked me to wear it. Um, I don't know, it's probably a couple thousand bucks.

I read a question from Aditya. Okay, here's a question from Aditya: $50. At the level of money and power you all have as a group, how do you think about your legacies, if at all? I share my perspective. I don't, and I think that that is a really, really terrible way to live your life. There have been in humanity about a hundred billion people that have ever lived. And if you took a sampling of a random thousand people and said, "Who do you remember from history?" the overlap of the same five or ten people would be almost universal. Which is to say that 100 billion minus five people are not going to be remembered. So this goal of trying to be remembered, I'm not sure it accomplishes much. I think what's important is just to make sure that you don't have a lot of regrets and that when you have the chance to try something fun or memorable or challenging because you thought you would get something out of it, you did it. As opposed to, "How will people judge me for this, and how will I be written?" Just think, legacy? Forget it, man. Your great-grandkids won't know you. There's a decent chance your grandkids may not even know you. So like, what? Just, you got to live to be happy today. That's my personal view. I just think this whole legacy thing is nuts.

I engage the audience. Alright, 8,000 people watching live, 2,800 thumbs up. Give us a thumbs up right now. Let's get those thumbs up to 4,000 and let's break the algorithm. Freeberg, do you think about your legacy much these days?

Freeberg responds. No.

I turn to Sax. Sax, any thoughts on legacy?

Sax shares his view. No, I mean honestly, it's not—I agree with Chamath. It seems like it's not something you should be preoccupied with too much. You want your kids to be happy, you want to have success in business. There it is, and then it's done. You're done and then you die. So legacy, who cares about legacy? What does that mean? Other people's judgment of you? Like some article or Wikipedia link? Who cares?

I reflect on the audience's perspective. Yeah, I get it. As a young person, maybe you think you might project into older people like they're thinking about their legacy. I think about having great experiences and optimizing great experiences with my family, my friends, and business partners who I love. That kind of optimizes for family and friends. I had two great experiences this past week. I went to Disney on Saturday with our friend Jason Chang and went to Club 33, which was like a wonderful, fun experience to go in that private club. And then I pinched myself because I could afford to have a VIP tour guide. I don't know if you've ever done that, guys, where you just get taken around the park and they, you jump on the rides. Man, that was like...

I discuss my Disney experience. I've been to Disney once. I stayed at the California Lodge. Nice. I think it must have been what hell looks like, and I've never been back. Did you have the VIP tour or not? Sure, I had everything, and I thought it was just the most horrendous, horrible experience ever. My kids loved it. We did so many rides. I had so much fun, but maybe they're of the age.

I read Tommy's question. Do you see an opportunity for the intersection of blockchains and AI? I also want to pre-order for tequila, please. Smiley face.

I respond candidly. Crypto is a disaster. Next question.

💡 Stop chasing legacy—live for today and savor each moment! 🌟✨🙌

Hello everyone, welcome back to the podcast. Today, I want to dive into some thoughts and experiences that have been on my mind lately.

I take a moment to gather my thoughts. I left home early. I was 15 years old when I moved out and went to college, and I was on the road. I reflect on my eagerness to move on. You have to run in a pack; there's safety in numbers when you grow up in Brooklyn. I have no fear of getting into any kind of altercation or fight. Growing up in a bar in Brooklyn taught me to have a thick skin and be tough.

I shift to addressing the audience's support. Stop giving super chats, stop giving money to us. How much money have we collected so far? I can't even keep track of it. I think we're about a quarter way through it, but I see a couple of hundreds in here—Brandon gave a $50, Bill gave a $99. People are giving hundies and stuff; it's just absurd. Frank Kenez just gave a dollar, trying to sneak in. You can't sneak into the Velvet room for a dollar, bro.

I acknowledge the generosity. All I'll say is it's incredible—really incredible. What you have done is really incredible. I saw the bottle and the packaging, and my excitement was through the roof. We're hopefully going to reveal it at the All-In Summit. If you're at the summit, you'll be able to pre-order it.

I elaborate on the product. We're taste-testing against brands like Clase Azul Ultra, which is $3,000 a bottle, and it's better than that. Some people will drink it neat, but that's way too hot in my opinion. You want to water it down a little with some ice to open it up—that's the right way to drink it.

I engage with Sax about his drinking habits. Sax, do you just sip tequila with an ice cube in it? You'd never use this tequila to make a margarita, right? No, no, never. This is too premium for a margarita; you'd use a Blanco or something for that. This has been aged in a barrel for five years.

I share more about the product's quality. You just want to drink it over ice. Some people will drink it neat, but it's too hot for that. Water it down a little with some ice to open it up—that's the right way to drink it. Sax and I would do that when we hung out at the Battery.

I praise Sax's contribution. Sax came into this enterprise and said, "I'll do the tequila. Give me a quarter million dollars in this LLC, and everyone shut up." And you know what? Everyone shut up, and he brought the heat. I'm so excited for this.

I respond to another Super Chat. $50 from Eric. Okay, what's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? Let’s allow anyone who gives beyond a certain amount, like $50, to pre-order a bottle. Nick, can you track who has given at least $50?

I address the audience's generosity. Yes, if you donate $50, we'll get your name, and you'll get to pre-order a bottle. Someone sent $100 and said this is for the zipper. We have a very wealthy audience listening right now; this is pretty crazy.

I answer Eric's question. What's one thing that makes each of you most optimistic and motivated about the rest of 2024 and 2025? I'll tell you something. I had my advisory board meeting for my legacy venture funds. This was the first quarter since Q1 of 2022 where I have not had a meaningful drawdown in my portfolio. I kind of think things have bottomed, so I'm excited that we're beginning the process of rebounding.

I invite Sax to share his thoughts. Sax, anything you're looking forward to in the back half of the year?

Sax shares his excitement. Well, I think Daddy's coming home to the White House, which has got me excited. On a personal level, I'm excited about working on Glue. We did a limited release behind a waitlist and are onboarding about 40 companies a week. We're racing towards general availability over the next two to three months.

I turn to Freeberg. Freeberg, anything you're looking forward to?

Freeberg shares his anticipation. I'm looking forward to the election being over so we can stop talking about politics. Number two, I'm building a business at Ohal, and I am very excited every day with the progress we make. We are building incredible products. Every milestone is exciting when you're building something new and novel and seeing it work in the market; it's pretty awesome.

I amplify Freeberg's thoughts. Glue, so that's a lot of fun right now. We did a limited release behind a waitlist and we're onboarding, I don't know, about 40 companies a week now. As we do that, we discover more needs and issues. We knock off those feature requests and then we take the next 40. We're just doing this systematically until we can go GA—General Availability, where there'll be no waitlist; everyone can just sign up. We're kind of racing towards that date over the next two to three months.

I echo Freeberg's sentiment. I'm looking forward to the election being over so we can stop talking about politics. I'm building a business at Ohal, and I am very excited every day with the progress we make. We are building incredible products. Every milestone is exciting when you're building something new and novel and seeing it work in the market; it's pretty awesome.

I emphasize the excitement about the future. I am super excited about the back half of the year. I'm excited for ski season again. I am super excited about some of the companies we're investing in. The bottoming out has occurred, and we're starting to see a lot of secondary offers come in for shares in some of our Fund One, Two, and Three companies. Those are the ones that have more time to bake. I think a sign—I don't know if you're starting to see that now—some of them are lowball offers where people are offering half off the peak valuation, but it's an offer nonetheless.

I discuss the market signs. There was no bid for, what, 18 months on any of these companies, with the exception of maybe SpaceX and Stripe. It feels like it's bottoming out. There's a huge gap right now between public and private valuations. GitLab's numbers—it's public, it's valued at about $6.9 billion, so 10 times ARR. The last two companies that I talked to, which are exciting companies, they're at $10 million of ARR and they want billion-dollar valuations—100 times. They're growing a lot faster than 30% year-over-year, but are they really going to be growing faster than 30% when they're at $700 million of scale or even $100 million of scale? Pretty hard to do.

I propose a strategy. Buying a basket of pretty fast-growing SaaS companies at 10 times ARR seems like a fairly attractive strategy to me right now. We just had our first private equity firm come into one of our companies. Actually, it's happened twice now in the last year, private equity kind of crossover funds asking to buy a percentage of a company and kind of take it over. A sign perhaps of a healthy market where you have many options of what you do with your funds.

I address the trend. Some venture funds are choosing to maybe buy out companies and act more like private equity because they see maybe a better opportunity. But there's a lot of venture money out there still, huh, Sax? So that's pushing the bid up. People are looking to find that $10 million, $20 million ARR company and place a bet. There's just too many funds.

I take another audience question. Let's take another question, Nick, from the audience. And what's the record right now in terms of donations? Because this is all going to go to charity, folks, dead serious. We'll figure out the charity later. I think $200. There are some coming in different kinds of currencies that I have to convert manually, but right now for USD, I see $200 from Rahill. He said, "I don't want a zipper, I'm about the deal sleds." Respectfully, how much for the Loro Piana, Chamath? $200? No, this is a sweater I got from the team at Louis Vuitton because they asked me to wear it. Um, I don't know, it's probably a couple thousand bucks.

I read a question from Aditya. Okay, here's a question from Aditya: $50. At the level of money and power you all have as a group, how do you think about your legacies, if at all? I share my perspective. I don't, and I think that that is a really, really terrible way to live your life. There have been in humanity about a hundred billion people that have ever lived. And if you took a sampling of a random thousand people and said, "Who do you remember from history?" the overlap of the same five or ten people would be almost universal. Which is to say that 100 billion minus five people are not going to be remembered. So this goal of trying to be remembered, I'm not sure it accomplishes much. I think what's important is just to make sure that you don't have a lot of regrets and that when you have the chance to try something fun or memorable or challenging because you thought you would get something out of it, you did it. As opposed to, "How will people judge me for this, and how will I be written?" Just think, legacy? Forget it, man. Your great-grandkids won't know you. There's a decent chance your grandkids may not even know you. So like, what? Just, you got to live to be happy today. That's my personal view. I just think this whole legacy thing is nuts.

I engage the audience. Alright, 8,000 people watching live, 2,800 thumbs up. Give us a thumbs up right now. Let's get those thumbs up to 4,000 and let's break the algorithm. Freeberg, do you think about your legacy much these days?

Freeberg responds. No.

I turn to Sax. Sax, any thoughts on legacy?

Sax shares his view. No, I mean honestly, it's not—I agree with Chamath. It seems like it's not something you should be preoccupied with too much. You want your kids to be happy, you want to have success in business. There it is, and then it's done. You're done and then you die. So legacy, who cares about legacy? What does that mean? Other people's judgment of you? Like some article or Wikipedia link? Who cares?

I reflect on the audience's perspective. Yeah, I get it. As a young person, maybe you think you might project into older people like they're thinking about their legacy. I think about having great experiences and optimizing great experiences with my family, my friends, and business partners who I love. That kind of optimizes for family and friends. I had two great experiences this past week. I went to Disney on Saturday with our friend Jason Chang and went to Club 33, which was like a wonderful, fun experience to go in that private club. And then I pinched myself because I could afford to have a VIP tour guide. I don't know if you've ever done that, guys, where you just get taken around the park and they, you jump on the rides. Man, that was like...

---

I discuss my Disney experience. I've been to Disney once. I stayed at the California Lodge. Nice. I think it must have been what hell looks like, and I've never been back. Did you have the VIP tour or not? Sure, I had everything, and I thought it was just the most horrendous, horrible experience ever. My kids loved it. We did so many rides. I had so much fun, but maybe they're of the age.

I read another question from the audience. Alright, another question from our amazing audience. Your donations, anybody who donates here is going to have their donation given to charity. $50 from Tommy Gano. Oh, Tom, big Tommy. Yeah, big Tom.

I read Tommy's question. Do you see an opportunity for the intersection of blockchains and AI? I also want to pre-order for tequila, please. Smiley face.

I respond candidly. Crypto is a disaster. Next question.

I backtrack to explain. What is a blockchain? An incredibly accurate, highly distributed state machine that could be valuable if you wanted to do highly distributed inference. If all those models run on AWS and somehow you can take down AWS, that's a problem for companies. It's also a problem for countries. If you run inference in a highly distributed computer environment, you need to have an extremely accurate state machine that can then thread all these things back together. That's the intersection of AI and crypto. There hasn't been any real attempts to figure that out yet. It creates a bunch of other issues around like Nvidia lock-in and stuff which you also can't support. One of the problems that crypto solves with respect to AI is helping you know what's authentic or real versus what's fake. I think crypto will be the way that AIs pay each other. Clearly, they're going to pay each other in some sort of analog way. I'm just hoping we see a great regulatory environment for these crypto projects in the coming years.

I pivot to another topic. You've sold almost two dozen. I think we're only going to produce about a thousand cases which is 6,000 bottles, 8,000 tops. Man's Search for Meaning by Victor Frankl.

I read a new question from the live stream. Okay, this question is from the live stream. What is one book you would recommend that transformed how you think?

I share my recommendation. Zen Mind, Beginner's Mind by Suzuki. The whole—all the lectures are about sitting Zen, like Buddhist meditation, sitting Zen meditation, but the thinking is so broadly applicable around how the human brain has a tendency to always seek things. This continuing drive of desire and if you can let go of that drive of desire, much of your perception of reality changes. And the second is like dualistic thinking where you think about everything as one or the other; everything in the universe that we think about is like in or out, this or that, good or bad. And I think for me, changing one's point of view on those two aspects of how the human brain kind of natively associates the universe within which we live can have a huge impact on decisions, emotions, and so on in life. So that's a very important book for me, and you could read it a million times and always get something new out of it. It's just a copy of his lectures.

I mention another podcast. On Rogan's podcast, Neil deGrasse Tyson made predictions for 2050. Examples include the human space program will fully transition to a space industry supported not by tax dollars but by tourism. We develop a perfect antiviral serum and cure cancer.

I speculate on future technology. Artificial superintelligence will be here long before that, and then the problems and the questions it answers are going to be mind-blowing. We might figure out the origins of the universe by that time, we might figure out consciousness.

I imagine future household technology. Companion robots by 2050... like a robot that works around the house that does kind of the 80% of the human toil.

I list key future technologies. Two key technologies that I think are long-range. Fusion-generated power, which—that's kind of a time frame where we should be kind of, if it works, right at production scale seeing production steady-state output. And the other one is aging reversal, where there's a tremendous amount of research. An amazing conversation about the research that's gone on in reversing aging.

🔮 The future is now: AI + bio = endless possibilities! 🚀🌱

I take a deep breath, ready to delve into some exciting futuristic concepts. Two key technologies that I think are long-range have been on my mind. We had a conversation last year at the summit about fusion-generated power, and the other one is aging reversal. There’s a tremendous amount of research focused on this, and we'll be discussing it at the All-In Summit this year.

I pause, letting the weight of these advancements sink in. The research on reversing aging suggests it’s fundamentally driven by epigenetic errors in cells. Now, there are systems and molecules that we can apply to cells to reverse those errors, effectively resetting the molecules on the DNA so the cells start to become young again. Many billions of dollars have gone into this research, and from what I’ve heard in private discussions, it looks like this could be very real.

I shift gears to another fascinating intersection. There's this incredible paradigm where AI and biology converge. Imagine being able to say, "I want a molecule or protein that will target and eliminate this specific cancer cell," and then actually creating that protein, applying it to a patient, and seeing it work immediately.

I get animated as I describe the possibilities. You could render the genome of a plant using AI, produce it, ship it to Mars, and start growing plants in the harsh environment on Mars’s surface.

I pivot to engagement strategies. On YouTube, you can do a super chat where you give money and your chat gets highlighted. There are also memberships where people pay to be a member. We could turn on memberships for the next one, where people could pay a dollar a month or ten bucks a month.

I address an ethical dilemma. There were about two instances where people were doing things that would be illegal. In both cases, I had to sit with the founders and tell them I couldn't be on the board if they continued. I gave them the option to return our money at the last valuation, and I resigned from the board, taking our money back.

I emphasize the importance of integrity. If someone does something where they're not upfront or completely honest, like selling shares fraudulently, it's called securities fraud. You have to be really vigilant, especially if you're on the board.

I read a humorous question from the audience. Somebody asked about my wine, "How do you pronounce it?" Some of my wine right on the damn floor. He poured it out on the floor like it was a nice aged burgundy too, if I remember.

I chuckle, recalling the scene. You got to be very careful because someone might just dump it on the floor if they don't think it's good enough. It was the height of "stop drinking this [__]."

I answer a pre-submitted question about wine. John NAB asked about my favorite wines. Old world versus new world wines—what's your favorite? Personal taste is key here. For example, Merlot gets a bad rap but can create some of the best wines.

I share a wine recommendation. If you go to Italian old-growth Merlot, like Masseto, it's incredible and much cheaper than something like Chateau Petrus. For a white burgundy, Charles Buisson at $80 a bottle is amazing and runs circles around more expensive wines.

I reveal a new venture. Joshua and I just filed for a liquor license. When we get it, we'll be able to buy wine wholesale, avoiding the massive markups.

I get practical about wine shopping. What's your favorite $5 to $10 bottle? Honestly, I don't go to Trader Joe's, but if you can find a Charles Buisson white burgundy, it's incredible.

I talk about New World wines. In Napa, wines like Colgin, Sloan, and Bond are fantastic. Hundred Acres is probably my favorite Napa wine and is reasonably priced compared to others.

I pay homage to a winemaker. There's a winemaker named Sine Qua Non who passed away two years ago. He made these incredible California wines, often breaking conventional wisdom to create unique, story-driven wines.

I end on a historical note. He would translate old Franciscan monks' books on winemaking, disregarding modern techniques to create something truly special. The Franciscans, after all, have a legacy of making exceptional champagne and wine.

I smile, ready for the next engaging topic.

🍇 A winemaker's magic: crafting stories, not just wine! 🍷✨

I lean forward, eager to share more about this unique winemaker. Representing the varietal or the particular plot was important to him, but he really aimed to create a story and an essence from the wine. Each year, he would name the wine, craft a custom label, and source grapes meticulously. He tested grapes from different vineyards and blended multiple varieties, never disclosing the exact mix.

I marvel at his unconventional approach. He disregarded traditional French wisdom on winemaking and went back to translating old Franciscan monks' books from Latin. The Franciscans excelled in two areas: champagne and, specifically, single grape Chardonnay champagne. If you ever get a chance to buy a high-quality bottle of single grape Chardonnay champagne, do it. Avoid the blends and opt for something like Salon or Paul Roger; these are phenomenal.

I delve into the nuances of the process. In the French model, grapes are crushed immediately after harvesting, often at 3 AM so the berries remain cool. However, Vachir and the Franciscans would let the grapes start to ferment naturally in the sun before crushing. This method adds a unique character to the wine.

I nod in agreement with a colleague's recommendation. White Burgundies are exceptional. Unlike Napa whites, which often carry a lot of sugar and taste like honey or butterscotch, white Burgundies are much more complex. They have a lot of minerality and a great nose, making them a superior choice.

I take a moment to reflect on our journey. We've had an amazing hour-plus with the besties, celebrating hitting 500,000 subscribers. We're now at 528,000 subscribers, with 8,000 of you joining us live, thousands of thumbs up, and thousands of dollars donated to charity.

I get excited about future plans. We'll be throwing a million-subscriber party in Vegas. Between now and then, we might announce another of these sessions, perhaps every 100,000 or 200,000 subscribers.

I mention my current focus. I'm spending a lot of time on my role as Chief Commercial Officer right now.

I share a quirky idea. Why don't you create a cantaloupe-sized roasted potato for steakhouses? I think people would go wild for that. You could also make French fries the size of a lightsaber; why not give that a try?

I chuckle at the thought and prepare to dive into the next topic.

Watch: youtube.com/watch?v=AsDrfUQImhs