September 20 2024
- All In Summit 2024 after glow
- 20M views for content released so far across YouTube and X
- Debrief
- Friedberg did great
- Team did well
- Jason was amazing moderator
- Mearsheimer Sachs was the best panel
- Fed cuts rates 50 basis points
- Markets are up
- Last 3 times rates were cut (~2000, ~2008, ~2020), markets crashed (though 2020 was briefer)
- If the market is good, why not cut just 0.25% to begin with? Why 0.5%?
- This could affect hiring badly in the middle class
- Tech hiring is benefitting if you’re in AI - but otherwise its bad
- AI disruption
- Call centers will probably be hit
- Customer support makes sense for AI - they can rise through the levels of support (tier1, etc)
- What’s important is minimizing the error rate
- As the models get so much better - why can’t we just use the models coming next year with a smaller team
- So this will get commoditized soon
- So you need to target super highly regulated industries - where you need 0% error rate
- Klarna claim of removing Salesforce, Workday - interesting
- Now you won’t be able to spend $1B like NYC public college system did apparently on Oracle/Peoplesoft, etc
- Rural broadband and EV charging
- $42B and $7.5B - government is wasting money
- 0 people connected, 8 chargers built in 2.5 years
- SpaceX has connected ~2500 United airplanes
- Private sector has built 1000+ of chargers
- Naked retaliation vs Elon
- Was Kamala Harris the broadband czar?
- We need a 60 minutes type segment of Waste Fraud and Abuse
- Rough times in VC
- Hard to return capital
- Tried SPACs - didn’t really work out in the end
- Secondary markets play a big role
- Lina Khan FTC killed the M&A industry - now big tech just copies startups instead of acquiring them - so everyone loses
- Covid - 2020-2021 just increased crazy amount of liquidity
- Things could turn for the better
- Trump vs Kamala debate
- She seems to have officially won
- But moderation didn’t seem even
- She has strong media advantage in her favor
- Second assassination attempt isn’t even a big story anymore
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