All the crap you never needed

February 24 2023 Jason is in Japan Stripe Needs $4B for RSUs 4square is letting early employee stock options expire Does it make sense to wait as long as possible before going public? Apparently if stock options are granted and its been 10 years they have to refresh it or something and so IRS deems that an event and so you need money to cover it Apparently ADYEN is very profitable Stripe has added way too many employees Stripe has to hire a lot more people to fund tons of features to go after tail customers Adyen goes after head customers so they have to build fewer features So in hindsight Stripe should have gone public 2018-2019 Not clear if there is long term profitability in tail products Sacks post on Enterprises vs SMBs Enterprises provide better Annual Contract Value but SMBs are better early adopters Both strategies are good Its about founder market fit - better sales founder = Enterprise, better product founder = SMBs If you start with SMBs and do well then...

February 17 2023 Besties Charity Poker Friedberg raised $80K for Humane Society of Animals Chamath won $361K for ~Beast Philanthropy - one of the largest food philanthropies in the US Lebron playing against 4 year olds 🙂 Poker game Alan Keating, Phil Hellmuth, etc Backlash against Mr Beast paying for cataract surgery - mainstream people are also calling it ableist - they are saying the people are being exploited Crazy wokeism, virtue signalism Ridiculous to call it ableism People are doing for others - acknowledge it and congratulate them This is equality taken to its extreme - “everyone is equal” and ignore differences Publications are tickling people’s outrage to get clicks against rich people We can hate this billionaire We can hate society We can sympathize for the victim He even gave $10K to some of those people Ohio train derailment More outrage against Mr Beast donation vs no outrage against this train derailment There was phosgene gas released due...

February 11 2023 Chamath - gave his son grief about answering the phone JCal - Sacks balloon disagreement Media is reflexively hawkish Nordstream Balloon got more attention Made for TV (news) moment Why is the Nordstream story not being covered? Its not made for TV Or has news media already picked a side? When it happened, US state said Russia did it - and media raced so quickly to the conclusion But it was Russia’s main leverage over Europe Seymoure Hersh story is very detailed Legendary pulitzer prize winning journalist - 85+ years old Broke Vietnam war story - that military denied until he was proven right Broke Abu Ghraib prison abuses - military denied it again Now here he is with another report of covert military action Does Europe know? Military/authorities/CIA spokesman have said this is a fiction? Ukraine don’t have this capability But probably Norway and US and UK have the capability Before war, Biden said if Russia invades, Nordstream will be no mor...

February 3 2023 Last 2 shows got lower ratings 😛 Markets up Fed raised rates slowly so market ripped Added 517000 jobs, Jan jobs report is good Wage growth data is good Powell went from hawkish in December to more benign now - only 2 more 0.25% rate hikes coming He said disinflation 11 times in his speech He capitulated and markets knew this Markets are off to the races in the short term End of last year people were tax loss harvesting - lot of stocks Tesla effectively doubled in the last small bit of time This is similar to end of 2018, start of 2019 Next 30-90 days, seems trade is to go up Maybe whipsaw economy here Risk of inflation is higher but recession maybe lower Hard to predict future Odds of soft landing this year are quite a bit better Are people finally taking jobs and going to work having burnt through their savings (trillion in savings lost apparently)? US needs to have 5-6% jobless rate for 2-3 years to get inflation ...

January 27 2023 Sacks moderating Won the poll 40%, Chamath 35% Roasting Chamath, Jason, Friedberg DOJ sues Google, pursues break up Abuses role as largest broker, supplier in mobile ad auctions Google says they’re trying to rewrite history This just shows more of the personal enmity that people in US government have towards entrepreneurs This is not a monopoly Ma Bel had effectively 100% share If you had done this chart a few years ago, Amazon would not have even been here - and now its 12% share - and only growing Focused on trying to punish great american companies Texas version of this exact lawsuit already fell out of court If they want to target Google, they should go after search Defined another way DOJ says Google has more market share - is this the right way to look at Google’s business? Friedberg was Business Product Manager around the type of DoubleClick acquisition Auction dynamic is powerful - creates best price for publisher and ...

January 20 2023 JCal nose hair shaming Friedberg is moderating Who gets credit for the podcast Republican candidates DeSantis Won the lockdown issue 70% of florida supports the so-called Dont Say Gay bill which is mislabeled and probably more about gender fluidity Remains to be seen what happens with CRT vs AP African American studies issue - latest problem Nikki Haley Has done more for climate change than any other young, parents had small business, small business person Brown woman elected to governor of SC - red state - and got stuff done Didn’t kowtow to Trump Really? Said she won’t run against Trump Chamath would vote for her Glenn Youngkin is #3 in Republican party after Trump and DeSantis He was able to win a blue state - Virginia went to Biden by 10 points - talented campaigner Will get destroyed on (lack of) record - been in the job for 18 months - but Obama was also only shortly in office Virginia has wonky 1 term limit JCal might vote for someone...

January 13 2023 Slate did a profile on AllIn - can’t handle how big the Pod has become Journalist have a class hatred of tech investors and entrepreneurs - if you genuflect to their points of view they treat you well Why would you want to subject yourself to their filter if you always get a hit piece Its not journalism, its activism Journalists want to do what they’re doing is because they want influence Fox vs NYT, Vox, CNN, MSNBC, Atlantic Matt Yglesias can’t understand basics of finances - percentage vs basis point He is considered mainstream Journalists are subjective and biased and uninformed There are zero checks and balances for these terrible journalists - it isn’t caught in proof reading, editing, etc So numerically illiterate so it stood out - what else is being missed - these guys are chasing clicks Gell-Mann Amnesia effect - you know journalists know only 10% Now describing AllIn in terms of Elon - its Elon for clicks Nitish Pahwa? Another article called S...