Trump's Cash Bonanza, Karp is a Dawg, META Bets Big, PMF or Die, Defending the Gundo

Welcome to Technology Brothers, the number one show in tech. The number one live show in tech. We are live from the temple of technology, the fortress of finance, the capital of capital. Today is Monday, February 17, 2025. This show starts now. Jordy, how you doing?

We're back in the studio. I'm in a new suit. You're maybe in a new suit as.

Of two weeks ago. Yeah, the black.

There we go.

Relatively new. I'm still breaking it in.

There we go. We're very happy to be back in the studio. We did Two Away was some of the toughest weeks of our lives. It was terrible being away from this, the capital of capital, and I'm very happy to be back. We got a great show today.

We do.

We stopped recording Friday, and it just felt like 20 different headlines hit the timeline, and we were kind of thinking about doing a weekend show. We always are, but for now, we'll stick to Mondays.

You know, the really big podcasters, they always do emergency pod when there's breaking news. I think of our show. Every show is an emergency pod. Yeah, every pod is an emergency pod. You got to be live. You got to be breaking down. What's happening on the timeline. Timeline was in turmoil this weekend, but Monday, it's President's Day, and we have an exciting announcement. PMF or Die just went live. There's 10,000 people watching it right now, the live stream. And, yeah, it's just two dudes locked in a cage coding, trying to hit 1 million ARR with just $25,000 in 90 days. What's going on?

Yeah. So right on. On. On January 14th, we were talking, and I was like, should I post this? It's kind of hilarious.

Yeah.

There was just a simple idea to take two people, lock them in an apartment with 25k and let them build for 90 days and put them in the spotlight, Basically give them a ton of attention and force them to have this sort of extreme level of focus. We ended up getting hundreds of applicants from all over the world. People building super cool. You know, businesses are wanting to build apps in the cage. We ultimately selected two of them, and as of this morning, they kicked off building, and they are absolute studs for agreeing to do this. It's. We've been a little bit concerned around how. How is this sort of constant attention and the pressure going to affect the players. Right. It's. It's an extreme. It's just they're submitting themselves to something that many people would describe as torture. Right.

Being.

Being on a 24, 7 live stream for 90 days in a row and all you can do is work. But they were, you know, obviously super excited about it or they wouldn't have agreed to it. And it's actually Patty's one of the players birthdays today.

Happy birthday.

He's turning 22. He's turning 22 in the cage with a live audience. But he's. He's an absolute grinder and there's nowhere he'd rather be, truly.

Yeah, I think it's fantastic. It's. It's weird. It's an experiment. It's, you know, half performance art, half not. They are building a real company. Like, you will be able to download their product. And Blake is very adamant.

Well, yeah, Blake is. They both are. And Blake is very adamant that this isn't performance art. They want to build a durable, massive company and they're certainly, you know, putting the pressure on themselves. So we're going to be covering daily updates on the show and so, yeah, we'll keep you in the loop. Today. They're just getting sort of their dev environment set up. They're doing some, you know, working on some product flows. We're working on the actual live stream product itself, but. But ultimately this is just a view into their world for the next 90 days. And we're going to be recapping it, you know, daily, weekly on the show. And then ultimately at the very end, we'll put together a, you know, basically a documentary on what they accomplished and there should be some pretty fantastic results. So it's already cool to see. There's. There's people in the chat that are joining in, just saying, I'm going to lock in with you guys from home, joining them on the journey.

Anyone can. Anyone can do. Free to lock in at home.

Free to lock in.

Free to lock in. So, yeah, I mean, it's cool. It's a cool test of the thesis that, hey, it's cheaper and easier to build companies than ever before. You can get to 1 million RR very quickly. We've seen this with cursor. 100 million RR is easier and faster than ever before. And so it'll be interesting to see how they do it. And it'll be really funny if they get out of the cage in like two weeks or something. I mean, anything can happen. It could be a grind. It could be, okay, game's over. Go enjoy Central Park. Now they're in New York.

Yeah. And the space that they're in, it's in. It's in New York City. I won't be any more specific than that. So we don't get hecklers. There was already people saying, you know, asking if the players were single and stuff like that. So there's quite the fan base. But, yeah, the setting is iconic. The skyline's incredible. I've obviously been in there already myself. And at night when it gets dark out, you can just see the entire New York skyline. It's very iconic. And we'll see how late they work tonight. It's going to be funny to watch every entrepreneur goes through this, where it's 11:30, 12:31, you're tired, you want to go to sleep, your body's telling you, like, just, you know, stop. But you got to just keep pushing through.

Yeah.

And, yeah, so, so, you know, everything will be, you know, completely transparent. Yeah, they're, they're, they're taking building in public to the absolute extreme here.

Absolutely. And, yeah, I mean, I love it as an experiment. You know, not many people stream on X. It's a newer feature of the platform, but I'm excited to see where it goes. Well, let's break down the show. We, we got a bunch of cool stories that we didn't get to last week that we're pulling forward and then talking about a bunch of other stuff. We got our boys from El Segundo are in the Economist, a great puff piece. We got Alex Karps in the Wall Street Journal. There's also a deep dive on Trump's cash bonanza in the Wall Street Journal. We're going to give you some timeline, of course, break down what's happening on.

X. Trump's whole life has been a cash bonanza, but the last month, he's really, really ramped it up.

Yep, 100%. And then meta is getting into humanoid robots. That'll be exciting to talk about. And then there's a proposal in pirate wires in the white pill section to turn Guantanamo Bay into Hong Kong. That'll be, that'll be fun to read through. So let's kick it off with the Gundo boys. Defense tech is blowing up Silicon Valley's beliefs. This is from February 13th in the Economist, a very prestigious publication. You know, there's been a lot of hate for mainstream media. I think the Economist has still got it. Great reporting. I enjoy reading it every week.

And I never knew this. I just somehow didn't, didn't pay attention to this, but the Economist never publishes under the writer's name.

Bylines, no bylines.

It's all from the Economist. You don't know exactly who's writing it. And I think that makes, you know, it makes the Economist a unique sort of platform for writers to write on. Because you're writing under this brand versus other places. New York Times, you're very clearly writing, you know, unless they're doing like an anonymous type.

No, no, no, no. I mean, it lends itself to. There's a very consistent voice that happens in every, in every piece. And you have to conform to that kind of neutral brand standard. And it also creates a little bit of like, like whoever wrote this could have a different world out there where they are right wing or left wing. But you're not going to read this and then go and secretly find their tweets and be like, oh, they are something. So, you know, go crazy about it. You're just going to enjoy it as a piece of writing. And then their life is separate, which I think is very cool. So the article says, in the back of an unmarked office building close to lax, the main airport of Los Angeles, stands a rack of unarmed hypersonic missiles the size of small drain pipes. On February 6, a camouflage truck ferried one away to New Mexico for a test launch with the U.S. air Force. Such activity used to be common in El Segundo, the LA neighborhood that was once the hub of military spaceflight. Then the Cold War ended, and with it much of the west coast weapons business. Now it's coming back. Castilian, which we've talked about before, they make projectiles. They were founded in 2022 by three alumni of SpaceX, Elon Musk's rocket and satellite company, which was also created in El Segundo. Los Angeles is not alone in reviving the warrior spirit buried deep in its past. Silicon Valley is doing so too. It's in the early days in the mid 20th century, it created Renaissance equipment for spy planes and semiconductors for missiles. But then the peaceniks took over and for decades, defense became a dirty word. As recently as two years ago, Castilian couldn't open a bank account in Silicon Valley owing to the stigma attached for making weapons. Yeah, it is fascinating that, and I.

And I actually had this with a portfolio company recently that got booted off of Rippling because it was anything defense related. So even today, you still cannot, to my knowledge, sign up for Rippling if you're, if you're doing anything in, at all to do with the military.

Really? Okay. Interesting. Yeah, I mean, there, there is a, a shift. Like Anderol, when they started, was purely defense tech.

Yeah.

And, and even then they didn't have any kinetic capabilities whatsoever. Yeah, it was, for a long time it was software, but it was so sensor towers, which are just cameras. And then it was drones. And even the first drones, the Anvil drone, the Ghost drone, is just a helicopter that just looks.

We have to study Anduril's roadmap because it was very, very intentional. They just won the holographic Super Soldier IVAS project. And many people would have said, why didn't you just start there? But they were super intentional. And many founders go through this where they're like, we're gonna do this, then this, then this, then this. And they don't hit the first two attempts and then they don't, you know, or they're not able to keep going. They were so, so intentional and seems to be paying off now. Landing these major, you know, programs of record that are multibillion dollar, you know, endeavors.

Yeah. And so several developments have since stiffened the sinews. I love this writing. One is the war in Ukraine. Another is America's deepening rivalry with China. Most alluring, perhaps the sweet smell of financial success. SpaceX has become the most valuable private firm in America, worth 350 billion. Palant, supplier of software to western armies and spooks, has a market value of more than 250 billion. More than Lockheed, Northrop Grumman and General Dynamics, a trio of defense contractors combined. Anduril, a younger firm that makes autonomous weapons, is currently raising 2.5 billion at a valuation of 28 billion. Cue a cascade of investment in, into smaller startups making military kit for land, sea, air and space. Pitchbook, a data gatherer, says the value of such deals in America rose by more than a third over the past two years to almost $40 billion. Vent funding as a whole fell over that period. So yeah, the defense tech boom is like super, super real. Yeah, anything.

Ultimately it's saying, saying that, you know, there was massive investment across a bunch of different categories during that period as well. So it's hard, you know, comparing the past two years to the two years before that is not, you know, super, considering that was, you know, the pico top of the cycle and ZIRP and things like that. But certainly there's a lot of demand and $40 billion is a huge number that is fully risk on capital to build products for our military, which I think is a healthy sort of function in that we prefer that our government not to do some high risk stuff. But in general we don't want all investment into the category to be government funded.

Right.

It's Much healthier if there's more on the line and it's actual risk. Risk dollars at work.

Yeah. I mean, part of it is like the, the defense tech, like the process of building a defense company is just slower because you're dealing with atoms, not bits, and you're dealing with government contracts. But the, the defense tech boom already feels longer than the NFT boom or the consumer social boom or really any of those, you know, and 2016, they start kind of become a unicorn I think around 2020, and then more companies start getting funded because they derisk the sector. But now we're five years into that and there's, you know, a host of other unicorns, a host of other companies and tons of startups getting started, getting.

To that point where the market maps are so established that if you're thinking of getting into defense tech right now, unless you're working with some truly novel technology, there's probably a handful of other heavily funded teams doing the exact same thing that you're doing already. And they may not have announced or been very public.

Exactly.

But you know, definitely something to be aware of. One of those situations where if there's a market map and you fit nicely into it, this might be too late.

Yeah. So less remarked upon is how the defense tech boom changes core tenets of the venture industry. Historically, venture investors shied away from supporting hardware industries, especially those like defense, that can gobble up lots of capital. Now that's 100% true. A lot of these businesses are super capital intensive. Lots of dilution. And we've seen that certainly in the space industry. That is changing. So too is the worldview of many and Silicon Valley who have turned their backs on the libertarian ethos that prevailed in recent decades in favor of a chest thumping patriotism that celebrates American military might. Silicon Valley's renewed interest in military hardware reflects the shifting dynamics of combat display on display. In Ukraine, smaller weapons, notably drones, have supplemented and sometimes supplanted heavy armaments. That has opened, that has left an opening for upstarts that can make cleverer and cheaper versions. Drones powered by wizzy artificial intelligence systems are in vogue. So too is thriftiness. Take Castilian as an example. For its missile system, it uses several automated automate automotive grade chips costing a few hundred dollars rather than expensive space grade ones. It manufactures rocket motors itself to keep costs down. SpaceX's ability to shuttle satellites cheaply into low earth orbit where they can scrutinize the planet, has made space an increasingly affordable part of battlefield technologies. Yeah, super, yeah.

And people, people, don't forget this. We've talked about it on the show before. But ultimately SpaceX, as much as it's a space company, is a defense company. Right. You can take huge payloads to space and bring them back. You can do, you know, you can, you can basically do the same thing with, with weapons. Right. And so one, one lens to view SpaceX as, as a defense company disguised as a intergalactic exploration company. Right.

There was a fascinating article in the Wall Street Journal today all about the, the, the, the mercenaries who are going to Ukraine from all over the place. They're recruiting veterans from like, I think Argentina and South America and Africa and there's just, they're pulling people from all over the world.

Crazy.

And that, that's, that's actually an interesting place that defense tech has not explored. I know some people have been talking about like Blackwater 2.0 or starting some sort of military contractor, but, but looking at how does the human capital allocation and management side play into defense is something that is still kind of unexplored, almost like, you know, to do list apps for the military or something. Yeah, I'm sure there's lots of opportunity. Well, let's, let's close out this Economist article with a great anecdote about Alex Karp, who we'll move on to in our second story. A revival of the warrior spirit is transforming Silicon Valley's relationship with the American government. The Technological Republic, which we have a copy of over there, is a forthcoming book co authored by Alex Karp, Palantir's chief executive. It calls upon Silicon Valley to work with Uncle Sam on military programs rather than supporting environmental and social causes. Like those Mr. Carp in like, like those Mr. Karp, champion patriotism. Those, like Mr. Karp, champion patriotism as the new corporate purpose, an idea that will appeal to many in Donald Trump's administration. Meanwhile, the long established revolving door between the Pentagon and the defense industry is being extended to venture capitalists and tech firms. There's a lot of VCs going into D.C. and vice versa. That could help speed up the disruption to America's military industrial complex, which many in defense Tech hope for sham. Sankar, who we've talked about on the show many times, CTO of Palantir. He says if the government doesn't figure out how to make the venture model work, this will not be sustainable. One issue is the meager share of spending that is available to startups. Another is the broad brush approach the Pentagon takes towards them. Mr. Sankar argues that the government needs to come to terms with Silicon Valley's power law, in which a few big winners generate fortunes compensating for the many others that will fall by the wayside. The Pentagon also needs to transform away from cost plus contracts, something that we've been talking about since and or launched for almost a decade now, which are designed to enable big weapons programs and guarantee incumbent contractors decades of revenue in favor favor of fixed price ones that outsiders can bid on. So very cool article in the, in the Economist. We love to see these things we've been talking about for years kind of go mainstream. You can always count on an Economist article to kind of provide the definitive overview to the world since it is a global publication. Anything else there or should we move on to Carp?

Let's move on to Carp right away. In this Wall Street Journal article. You can see he's sporting his daily. What we can now determine is his daily driver. It is because he has been photographed in this, a handful of.

Yes.

Which is a Patek Philippe aquanaut chronograph with an orange strap. It's fantastic watch. It's available on bezel right now. So if you're in the market, I think they, I think they basically retail for like 140, 150k somewhere in that range. So great daily. If you've got, you know, like, call it, you know, 50, 100 million aum, wear that thing. You can pretty much wear it anywhere. Carp has made it, you know, clear. And I love this watch because it looks like a simple sport watch from, from afar. It doesn't scream, oh, look at this CEO with, with a massive Rolex on his wrist, you know, gmt, whatever. It's, it's timeless. It's classic. You can wear it in the boardroom, you can wear it, you know, at a conference. And so really, you know, just, you know, setting the bar here.

Ben. I think it's on the next slide, by the way.

No, you can see it there.

You can see it there.

Yeah.

Okay. It's on his wrist there. See?

It's low key. I'm screaming at you. But it's. But it says, you know, I'm a man of T. And it has its own personality.

It's great. I mean, Zuck is like truly leading the way in the loud opulence with like the FP Jordans and the, and the one of ones. Karp's a little bit understated, still rocking an absolutely incredible Patek Philippe. We love to see it, but he's not making it his whole thing, you know, he's, he hasn't really talked about it. We had to clock it. He wasn't posting about it. He doesn't even have an X account, I'm pretty sure.

Yeah.

But you know, the sharp eyed watches.

Crazy. It's crazy how hard we often associate founder mode with going direct.

Yeah.

And in many ways Karp is going direct, but he's actually like not posting, just going on the craziest media circuit ever.

Yeah.

Where he's going out and actually seemingly bending the traditional media to his. To, to him. Right. And, and using them to communicate. And it works in this scenario because it's a super timely message. Patriotism is, is in, uh, it's no longer contrarian to, to want to, you know, fight and work and innovate for America. But he's definitely, you know, writing the playbook of how to do mainstream media.

Well. Yeah. I think of going direct as just being authentic and not being media trained or on talking points and having firmly held beliefs that you just espouse for.

Years and years and years and are super consistent on.

Yeah.

He can go out and say exactly how he feels.

Yep.

Without worrying, oh, am I going to piss some people off? Because he's totally okay with pissing off some people.

Right. And I think Peter Thiel did the same thing, wrote a book 0 to 1. Karp has a book out now where. And that is the, the foundation of his philosophy. And then tons of podcasts, tons of, you know, unscripted interviews, willing to talk about anything. Peter's done this with many 3 hour, 2 hour interviews. Went on Rogan. Karp does the same thing. Happy to talk to anyone and doesn't need the questions ahead of time. Doesn't need his talking points in front of him and can just talk about anything. You can ask him about whatever you want. And he's an open book. And that is what I think of when I think of going direct. It's just. Let's not. It is, it might be direct from Karp's brain to the CNBC anchor, but there's not. But for so many other people, it's the CEO to the PR person to the press release to the journalist who's getting. Hey, can you take that out? He actually didn't mean to mention this. Oh, we, you know, and oftentimes, you know, you saw Palmer on, on that podcast talking about conspiracy theories and stuff. Like if that wasn't even, even though that wasn't on Palmer's own show or his feed.

Still his message.

Yes. And, and, and that message was not passed through a committee.

Yeah.

To where. Where it could easily get shot down. Hey, there might be some downside to you talking about JFK or whatever. Let's not go there.

Yeah. And it's good. These are good references for founders or VCs that feel pressure. Oh, I need to figure out how to post on X. I need to figure out how to like build my own audience. And it's not for everyone. Some people are born posters and some people are not born that way. But figure it out. But some people just don't like it. And so what's more important is having a really cohesive, you know, exciting, meaningful message that you can just drill into people's heads. And if you build a big enough platform individually then you can go get on.

Yeah.

Our show when we start doing guests, you can go then go on CNBC, go on Bloomberg, go on Rogan, etc. Sean Ryan, et cetera.

So it's a powerful contrarian idea that you're not ashamed of in the least that you repeat over and over a long period of time. And if it's good enough and you're what you're building is real, everyone will point the camera at you and you'll just be able to speak your mind and that's it. Well, Carp is an absolute dog. As we mentioned before he. He's profiled here in this wonderful Wall Street Journal article. Let's kick it off here. It says Palantir stock was days away from hitting an all time high and the company's chief executive Alex Karp had retreated to his cavernous mountain cabin. It features neatly captured the interests of a billionaire on a quest to save the West. The windows were adorned with curtains bearing an American flag motif. Completed and half completed. Rubik's cubes were scattered on the coffee tables.

Do you. It's so it's makes total sense if you're actually into Rubik's Cubes to just have a bunch of them so you can just pick them up, whatever.

It's great.

You can try to do them in order really quickly, you know, time yourself.

Yeah. It's very. I can do a Rubik's Cube and it's very meditative.

Yeah.

To actually do it. It's really fun. If you're just like kind of.

Oh, you're a shape rotator.

Yeah. And he and Karp asks do you want to see my guns? One of Karp's hobby gun show is long range shooting, which I've been saying is going to get more popular in prs. Precision rifle shooting whose targets fall outside normal parameters of a firearm. He explained he struck a stance to show the blend of practice and instinct that combines for the perfect shot. More than two decades of running Palantir, a data analysis firm best known for working with the US military and intelligence agencies, had has made Karp a billionaire many times over through government work. Though government work represents only a portion of the balance sheet that leans heavily on commercial clients, it gives the whole company a secret ops vibe. Karp can talk about his own guns far more readily than he can talk about the more secretive activities of Palantir, whose market cap is more than 260 billion. In the cast of philosopher kings who have emerged from Silicon Valley in the past several years, Karp cuts an unusual figure.

He is far from talk about his philosophy path. Wasn't, wasn't, wasn't he?

Yes.

He has a PhD.

He has a PhD in Philosophy and he studied under Jurgen Habermas in Germany. And there's a little bit of controversy about it because he, he transferred in and out of one program. And so the real like PhD nerds are like, well he wasn't like fully Haberma bosses like to under his tutelage the entire time or like was he the mentor or not?

Tell those people to go build a 260 billion dollar.

Yeah. And so I, I actually at one point I downloaded his thesis and tried to translate it and read it. It was very, very dense. It's in German. Yeah, I speak German, so it's very.

Yeah, this is, this is good evidence that you can kind of go on if you're, if you're truly goaded. Don't worry about the path that you're on because you'll, you'll just find your way into, into greatness.

Yeah.

Even if it's totally unpredictable.

Yeah. I mean especially with like everyone in the teal or seen this. I mean I'm sure that's how he got linked up, is just doing something really interesting at the power law of some bizarre like niche hobby instead of being super tracked and being like, hey, I want to like be a venture person and then go start a company. Like, he was not like the MBA type. And so he was, he got into money management and ran like a small money management firm in Europe and then got linked up with Peter and started Palantir after 911 because the whole thesis was with the Internet and better data analysis, you could potentially stop the next 911 if you can piece the puzzle together before it happens. And so in the cast of Philosopher Kings who have emerged from Silicon Valley in the past several years. Karp cuts an unusual figure. He is far from one name status like Mark or Elon or Zoc, I guess, and indeed barely known outside small circles in tech and politics or beyond the army of retail investors who have anointed him their anti establishment billionaire hero. Since the Nation's top tech CEOs traveled to Washington for Trump's inauguration three weeks ago, America's Americans have been guests at the shotgun wedding between Silicon Valley.

I don't know where this, this writer is going to take this article completely, but I actually love his writing style.

Oh, it's great.

It's really fun.

Yeah. And that is a perfect way to describe a shotgun, shotgun wedding because Elon was saying, I'm not going to vote for Trump, like, or I'm voting for not Biden like less than a year ago, like March of 20.

And then now fast forward to January or February saying, I love Donald Trump the most amount that a man can love another man without. Without being romantic.

It's so good. It's like the greatest. Like, did you see the interview they did on.

But it's one of those things, like you take two polarizing, you know, iconic people, Elon Musk, however you feel about either of them, they're polarizing and iconic.

Yes.

And then you let them actually get to know each other and work together, they're going to, you know, even if the, you know, they're not like best friends, they will respect each other's game.

Did you see the, did you see the Fox News interview that's going out where they, they did it together? It's like straight up out of Step Brothers. It's like they're going buddy cop movie on the presidency, on the executive race. They're just like, it's a buddy cop movie now. It's so ridiculous. We're boys. Imagine we're going to do this.

Imagine the documentaries on, just on their dynamic of storming, storming the White House. It's got to be, they need to start, they need to start doing, you know, you know, I talk about UFC a lot because it's specifically just a great media entertainment product. But we need UFC embedded. This sort of lead up just like 24 7. Right. I want like Dana White in the White House being like, you know, advising them on like how to get the right, you know, here's how we shoot embedded.

Yeah. Oh, man, it's wild. Just to hear them actually have an off the record conversation with each other would be to be a Fly on the wall. Man would be wild. Carp will step further into the fray of with the publication next week of his new book the Technological Republic. Hard Power, Soft Belief and the Future of the West. A cred that aims at the tech industry for abandoning its history of helping America and its allies. The last two decades in the sector amount to a gigantic waste in Karp's view. While he and his colleagues at Palantir were helping absorb were helping identify roadside bombs in Kandahar to save the lives of American soldiers, the book asserts their contemporaries back in Northern California lulled by decades of peace. We're making sure that college educated smartphone. Smartphone users could buy coupons for paragliding lessons and play farmville. They're talking about Groupon and Zynga. Yeah.

Facebook.

Which is funny because Mark Pincus is now, is now fully in this, going on pirate wires and fully and fully like, I wish I should have. I, I, I wish I'd been in control of my company. If Carp's new book can be encapsulated by one of its sentences, it may be this one. The wonder kinder. The, the wonderkind of Silicon Valley. Their fortunes, business empires and more fundamentally entire sense of self exist because of the nation that in many cases made their rise possible. It is time, Carp believes, for the industry to repay that debt. That's a good point.

Yep.

The book's co written by Nicholas Zamiska and it was finished late last year and elements of its central argument seem to have come true in just the past few weeks. A section of eliminating wasteful government spending sounds a bit like Musk's Doge. Another on encouraging more partnerships between the government and the private sector on artificial intelligence work evokes Trump's Stargate plan to build energy capabilities with OpenAI and other firms.

It's amazing they're positioning this as Trump's Stargate plan because it was a press conference for Masa and Sam Altman that happened to take place with Trump present. Yeah, but I think he was just like, this is cool. Sounds good, you know now.

But it was also, it was also the alternative is. We could have seen the alternative play out. Which is. Which is, is Sam and Masa or to just make it even random, two tech people are doing something cool and, and the president is like condemning it and being like, these tech people have too much power. We need to regulate them. Which is like what we were dealing with for the last four years.

Yeah. It's much healthier for Trump even though he's boys with Elon to go out and endorse a project like that because it's net. It's gen generally. You know, if Moss is rounding up hundreds of billions of dollars internationally to invest in us, you know, data centers and AI capabilities, that's net. Good for America.

Yeah, Karp says we've been very good at forecasting the current present state a couple years before it happened. Incredibly telling because that's the whole idea of the Palantir, the the crystal ball. It's like, you know, see the future. That's the product and then that's also the the company philosophy. It's a pitch that has helped give Palantir and Carp some of the best weeks in the company history. The stocks gone up 180% since the day before Trump was elected. Growth in Palantir's AI business and the expectation that the new administration will favor Palantir over old war horses like Lockheed.

Martin have driven this this writer's again, fantastic war horses.

Palantir is very long America, said Karp. He is quick to remind potential clients that he is happy to assist in their dirty work of empire. On an earnings call with investors earlier this month, he said that Palantir is is making America more lethal by analyzing troves of data for the US Armed forces and allies to help them anticipate enemies moves, locate their coordinates, and on occasion, kill them. He doesn't mince. Worse, this Carp is fantastic. Karp backed President Joe Biden's reelection and supported Kamala Harris when she became the nominee. But he has been surrounded by those in Trump's orbit for years, starting with Peter Thiel, who spoke at the 2016 Republican National Convention. Several Palantir alumni have recently taken jobs in the Trump administration, further deepening the company's ties. They hired Mark Gallagher. Of course, Trump has been wealthy from or Carp has been wealthy for many years, with the trappings of a billionaire and the ready soliloquies of an executive accustomed to being received as an oracle. At least a half dozen staffers were in his home during my weekend visit, probably one of our boys, including two stationed just inside the driveway, another who directed me where to park, two communications professional professionals and several strapping assistants, one of whom ordered a book at Karp's request, another who tossed him logs to build him a fire in the living room, and another who whom Karp addressed in German. Gunther. He cried out. Kafe mit zui Zucker. Coffee with two sugars, I guess. Karp has no background in engineering. He was raised in Philadelphia, went to Haverford College, then Stanford Law School before heading to Germany for graduate school. His doctorate from Goethe University Frankfurt was on neoclassical social philosophy. Work that prepared him to pose questions like, what does it mean to make a bad decision? At what level of abstraction? How deep do you go to know if it's a good or bad decision?

One note. This is my coffee order too. And coffee with two sugars is coming back in a big way. Went way out of style. Everybody's like, oh, give me my oat milk. Give me my black coffee. Yeah, there's something. I'm gonna butcher the science. But black coffee has been shown to reduce testosterone.

Okay.

Yet coffee with sugar. The sugar sort of negates whatever that effect is.

Sure.

And so the other benefit of putting sugar in your coffee is it tastes much better. Yeah, of course.

It just kills the bitterness. But, yeah, I mean, people have been worried about sugar and calories for so long. Long. But sugar's making a big.

We got it. We actually got to do a Ray Pete deep dive.

Okay. Yeah.

Because he's influencing an entire generation of posters on their health.

Yeah.

And becoming bigger than he was when. When he was alive.

Yeah, it's. It's massive. The company's early work traced a series of terrorist attacks. The same Iraqi village. And identified a cyber network infiltration campaign against the Dalai Lama. Thanks to Palantir software, the US Military was able to find and eliminate roadside bombs in Afghanistan by discovering patterns and how they were deployed. And we broke this down on another. On another show. But people always ask, oh, what does Palantir even do? And it's pretty easy to actually think about and visualize. You put all the data about what is in a different BOM. This one's got dynamite. This one's got TNT. This one's got C4. This one's got something else. And this one has nails. This one has shrapnel. And you put that all on a map, and you can see where they're all coming from very easily. And so that's, like, the simplest, most basic product to think about. Obviously, they do a million other things with data lakes and storing all sorts of information. Analytics, visualization, running AI on top of big data sets. So they. They started with $30 million in startup costs, largely covered by Thiel and his venture capital fund, Founders Fund. As the company saw its valuation grow, the central question emerged. What exactly did Palantir do? Descriptions of the company's offerings came crammed with jargon. Competitors who had been around for a few years diminished, dismissed the rookie as a gussied up data analytics firm. Few interviews passed where Karp didn't answer a question by saying he couldn't answer the question. It was classified. Certainly that was true, but it gave the whole operation a bit of mystique. And the thing is that even though the public was very unclear on what Palantir did, it didn't stop them at all because they were still able to raise enough money to keep the business going. And they were insane talent magnet. They hired like all the best people in Silicon Valley and out of MIT and stuff.

And it's helpful to not be having to notify the entire world and potential competitors what you're doing. Just keeping stuff under wraps because people do all the time see startups launch and try to re. Re engineer what they're doing, or it's totally possible that, you know, big tech companies that would have been really viable competitors for this just didn't have quite enough visibility. They could have figured stuff out if they really dug, but overall it kind of let them get this massive lead on a very important sort of category.

Yeah, this is some crazy history that I think a lot of people don't realize because they've maybe just seen Palantir in the retail sector or as a retail Stock. But in 2013, this was less than a decade after its founding. It was still a grind to get there, But Palantir had 1200 employees and a valuation of $9 billion. So by then it was like this, this almost decacorn, very established company doing very real things, and everyone's like, oh, it's gonna ipo. But. But the opacity of Palantir's financials only added to its reputation as a black box. They finally filed to go public in 2020, and I think they went public in the tens of billions. Like maybe 20 billion. And they were around the same. What, under, under, under 50 billion.

Right, let me look on public.

Yeah. And so Palantir went from in, in, in basically like seven years, nine billion to. To 20 billion. Like not a huge growth era. It was kind of like a, like a flat, like grinded out period. And then finally once the AI narrative hit, once the business was really cooking, then it ripped.

They went out at somewhere like 6.78 billion.

Yeah. So like, like what have they been doing for the last decade? Basically, like that was the narrative and they showed everybody. I love it. And so in 2020, he moved Palantir's headquarters from Palm IT from Palo Alto to Denver because. Because we seem to share fewer and fewer of the technology sector's values and commitments. And there were protests against Palantir that actually followed the company of Colorado. Karp started to gain a following, becoming a chief executive uniquely suited to a time when Reddit threads and viral clips can shape a company's identity as much as earning calls and analyst reports. Karp's memeable look, the untamed curly hair, the rimless glasses and white T shirt and unvarnish remarks have turned him into a celebrity among the retail investors who count themselves as Palantirians.

Yeah, one thing, one thing to know.

Is sort of mine most of the time, but we'll allow it. We'll keep it clean in the WSJ.

The the dominant narrative even as of 2020, is that the private markets had so much access to capital it was becoming hard, or some people would say impossible, to generate meaningful returns because these companies would go public public with hundreds of millions or billions of dollars in revenue. And Palantir is basically if you invested within the first few weeks of the IPO, you'd be sitting at roughly like a 35x at this point. So totally contrarian and certainly wasn't obvious. Even when they went public, people would be talking poorly about the company and the stock, saying this is an overvalued consulting firm, blah blah blah blah blah. So that was the narrative that that still today people will say, try to figure out ways to sort of pick at it and find flaws in the business. But it's hard to argue with, hard.

To argue with it at this point. I love this quote, he says. I really, really revere the people who revere me. This is not always the case if you talk to people who are famous, he said, holding court on the small staircase that leads to his sunken living room. Dressed in house clogs and head to toe athleisure including joggers, a zip up, a vest and a knit cap. Over his right shoulder, a chandelier ringed with seven lamps and cast iron moose heads. In 2020, you'll love this. Karp was paid 1.1 billion in total compensation, the highest of any chief executive at a publicly traded company. Yeah, in 2022, quick hit of the size gone for carp. That was a good one. In 2022, with Russian tanks rolling into Ukraine, he warned against nuclear escalation in the war, but acknowledged that bad times are good for Palantir. Around the same time, however, Palantir reported a decline in revenue growth from its government contracts. Shares sank to less than $7 before their steady climb in mid 2024, the surge in recent months has led some analysts to set new price targets for the company. But its fast rising stock has led others to question whether Palantir can ever grow in to its massive current valuation, which gives it a market capitalization more than twice of Lockheed Martin. But is Lockheed Martin in founder mode? No, they are not. Today Palantir is leading its leaning into its reputation as a dominant player. A commercial for the company aired during the Army Navy football game last year, played like a Tom Clancy thriller with drone swarms, infrared missiles, and even a tagline fit for a 1990s movie poster. Battles are won before they begin. Pretty. Pretty great. So the Technological Republic is likely to be is likely the only book by a business executive to feature three epigrams, one in German, citations from the Bible, Richard Linklaters Before Sunset and an outright attack on a market leader. Google's shallow and thinly veiled nihilism. Karp admits it wasn't the most commercial of choices. The book I should write to sell, he said, would be AI Carp Carp. AI Carp. AI AI Carp. He knows the memes. He knows it's great. He's advocated for.

Clearly, clearly this, this is meant to be the bedrock of, of the next, you know, 20, 30 years of Palantir's work. Not a commercially successful New York Times bestseller. Although I'm sure it will.

I'm sure it will rip. Yeah.

When is it actually. Does it release? This week.

Week. Talk about this thing, but I got a copy right here. The Technological Republic. Hard Power, Soft Power and the Future of the West. It looks fantastic.

It releases tomorrow.

So we could talk about it tomorrow if we can power through this thing tonight. Maybe I'll stay up all night, put myself in the cage.

Yeah. Turn on PMF or die.

Yeah, Reading. Okay. It's not, it's not too much of a beast. There's a bunch of endnotes here, so I could probably get through. This is 218 pages, more or less. Yeah. I could rip through this.

Yeah. Easy. Easy work.

Yeah. You know, you do page minute. It's a, you know, it's not, it's not a coffee table. Book size. It's like, you know, reasonable font.

Hey, I can rip it off the stream, John.

Oh yeah, yeah, yeah, yeah. I can't share it yet. It's embargoed.

It's embargoed.

And then they also have the Republic, which is their magazine that they, they publish at Palantir. I got a copy. I don't know if this is something that you can just go Pick up. But it looks beautiful. Look. American power and the cost of uncertainty. I mean, the design language is fantastic. Wouldn't you agree? It's really cool design. We love, we love these printed things.

That's what I'm saying. Palantir and Anduril have such dominant brands.

Totally.

They're distinct in their own ways. But it's hard to come in as a defense tech brand. You really have to carve out about, you know, it's, they've clearly are owning two of the, the best possible niches, which is sci fi, futuristic and sort of elevated modern, you know, inspirational patriotic establishment, you know, feeling branding.

So yeah, well, let's move on to how the Trumps turned an election victory into a cash bonanza. This went out on Valentine's Day, February 14th in the wall Street Journal. I'm sure there'll be a lot of fun stuff in here. Kicks off when Amazon.com founder Jeff Bezos dined with Donald Trump and his wife and Melania at Mar a Lago in December. There was a lot at stake for both men. Bezos, a titan of industry whose company is crucial to the U.S. economy, was rebuilding his relationship with a resurgent and powerful soon to be president. It was a lot was at stake for Melania too. She was looking for a buyer for her documentary about her transition back to first lady. Her agent had pitched the film, which she would executive produce, to a number of studios, including the one owned by Amazon. As the meeting approached, Melania consulted with director Brett Ratner on how to sell her idea to the world's third richest man. Melania regaled Bezos and his fiance, Lauren Sanchez with a project with the project's details at dinner just over two weeks later. Amazon, a company that prides itself on frugality and sharp negotiating, agreed to pay $40 million to license the film, the most Amazon had ever spent on a documentary and nearly three times the next closest offer. Wow.

And to put that in perspective, the Obama's sold their the rights to their books for 65 million.

Okay.

After the eight years.

After the eight years. And those were the book rights.

Those are the book rights.

I feel like book rights could potentially even bring in more if it's a presidential memoir. Because it's like everyone is going to pay $20 for that, whereas this, it's like, yeah, you might sign up for Amazon. I mean the bull case for this is like there maybe there are a lot of conservatives who have not historically subscribed to Amazon prime because it's been a lot of Hollywood like Elite, like left wing content. Right.

Yeah. But also if you want to buy stuff online, it's some of the best value.

Yeah.

If they're so anti bezos that they, that they're like, no, I want to pay, you know, maybe. I mean, you know, some of that demographic is possible.

Yeah.

Why would I buy happy with the.

Walmart when I could go to Infowars shop.

Yeah.

And get some alpha.

Alpha market test.

Okay. Who knows? Well, Amazon's certainly happy to have it. Netflix and Apple declined to even bid. Paramount made a low bottle. Lowball. $4 million distribution rights offer. Disney, the most interested studio behind Amazon, offered 14 million.

Yeah. And so this is, this is like.

Where people are overpaid.

Yeah. This is where people are going to say this. This is borderline corruption in the sense that the market value, the market clearing value for this Amazon could have paid 14 million and a dollar, basically.

Yeah.

Probably to sort of win this.

You think so?

But, but they felt the need to pay, you know, to.

But they might not know because it might be a blind auction. So they might be thinking, oh, well.

Like Disney deals of this size. I'm always.

Disney went so high. I would expect, I would expect maybe Netflix to go for it or Paramount for sure. Going for it. But Disney, you know, what is this gonna be next to like Mickey Mouse and like, yeah. Toy Story. Like this, like, this doesn't feel like a Disney show to me. It feels like it's gonna be.

Yeah. People, people, you know, people might position this as, you know, Amazon paid $14 million for the film, for the rights to the film, and $26 million as to gain the favor of the king potentially.

People, people might say that some people, Some people might say that we licensed the upcoming Melania Trump documentary film and series for one reason and one reason only, because we think customers are going to love it, said an Amazon spokesman.

First mentality that Bezos the First lady's.

Cut is more than 70% of the 40 million, according to People. People familiar with the matter. And they're still looking for more. Melania's agent has been trying to sell sponsorships for the film. Let's speak in my language now. Let's go starting at $10 million.

Let's get a. Let's get a wander.

Let's get it. Let's put ramp in there.

Let's get some bezel. Let's get, let's get some ad quick stuff in there. Let's get some eight. Let's get Melania sleeping on an eight sleeve.

Let's get her in a nascar. Let's get her buy with brands everywhere.

Let's get her buying her own token on public.com.

There we go. Yeah, I want, I want just sponsors everywhere. I want, I want to like those bottom.

All the interviews you can do. Like the glasses that have, you know, like the ad overlay.

I'm thinking of the, like the, it's like it's New Year's 2000, you know, 200. But it's like, yeah, some brand sponsored. I like that. Yeah. Maybe some face tattoos.

Has Melania ever attempted a beauty brand? Because that's sort of like if you're a big female celebrity.

Yeah.

Launching beauty products which are, you know, have better margins than software.

Yeah.

That are, you know, widely, you know, appealing to, to a female demographic. I don't know, you know, maybe that's up next. Maybe she's the next Kylie. Kylie, you know, Jenner. Melania Cosmetics.

If you're looking to get some distribution for your startup and you want to sponsor the, the Melania film, sponsorship start at $10 million. But she was advertising them to prominent CEOs and billionaires who were at the inauguration, according to people familiar with the matter. I love that she's just there. You're like, oh, yeah, it's the inauguration. Like, this is so great. Like, let me, let me bend your ear for a second.

I, you know, I got, I got something you're going to hear about.

I got some good ad inventory for you. Why don't we throw Apple in here?

I would love to get, I'd love to get the deck.

Yeah. Hey, zoom in here. Why don't we, why don't we advertise the Meta Quest. Just be wearing the Meta Quest the entire time.

Five seconds. Second feature. You know, just sort of like panning across your product. $10 million ramps up to $50 million. If you wanted to actually hold the product and talk about it.

Why not?

I would love a podcast style ad. That would be a documentary. Hey, guys, sorry to interrupt. I hope you're enjoying the documentary.

This is what I want.

Today's. Today's. This has been sponsored by athletic greens. Yeah, Athletic greens is a great way, you know, fantastic way to get your daily greens in an easy to mix mix and drink, you know, shake.

Hey, thanks for watching the early life section. This Act 1 is sponsored by.

Yeah, you can really fit a lot of ads in that bad boy.

Yeah. Sponsored by Honey. Buyers would get thanked at the end of the credits and be invited to the premiere. These overtures were made independently of the deal With Amazon, thanks to the end of the credits.

It's so funny that Melania's agent going is when they're producing the film, being like, all right, so, odd request, but we have to have her dry driving a Kia or a Hyundai. Ideally the Kia, though, because they're willing to spend 10 and Hyundai low bid it with a $5 million offer.

I love it.

Amazon just like, wait, you know.

You know that this is, like, actually how Hollywood works. Like, I talked to a guy who was like, very early on, like the Kim Kardashian world. And. And what he would do, how he would make money is like, hey, Kim Kardashian, we got a deal with you. Range Rover wants to do like a Caught in the Wild Spot with you. So just drive to this location, get out. I'll have the paparazzi guys there, we'll take the photos, and Range Rover is going to send you a check for 50k. And she'd be like, great, okay, I just drive to my local, like, Target. I just go get gas and I'll just wear. And then, then what he would do is he would go and be like, hey, Nike. I'm gonna have her wearing Nike. It's 50K. Hey, Target. She's gonna be parking outside of target. Pay me 50K.

Yeah.

Hey, Starbucks. She's gonna be carrying a Starbucks. Pay me 50K. And then he would take the 150 and only give her 50. And they got in a huge lawsuit. I think it was, like, very.

That makes sense. That makes sense. But he's like, you should wear Nike today. I don't know.

I don't know how true that story is. I think it's might be, but you can imagine that, like, you could sell multiple slots like that. Yeah. Anyway, so the Amazon deal is just one of the new ways the First Family has benefited from its return to the White House. Companies have directed about $80 million to members of the Trump family and the Trump Presidential Library so far, as defendants settle lawsuits the president, the president previously filed against them. And corporations enter into new business ventures, including the documentary. This figure doesn't include potential gains from crypto pursuit boots. Yeah, of course, because it would dwarf everything else. Much of the legal settlement money will go to a fund for the President's library, a not for profit, whose mission is to preserve and steward Trump's legacy. But Trump's share of a $10 million settlement Elon Musk's ex agreed to this week is expected to go to him directly, according to people familiar with the matter. And of Course, that was from the de. Platforming stuff, which does have some legal basis, but also it's like as soon as Trump. Trump won and the new owners of the platform were like, hey, we like this guy. They all shelled out. If Trump had lost, it would be interesting to see where those settlements shook out the pace and volume of the family's money making. Money making efforts so far are unprecedented, surpassing even the activity of Trump's first term, which drew condemnation from ethics watchdogs and congressional Democrats.

Yeah, yeah. Usually, I mean, historically, it seems that presidents have waited until after the presidency to really run it up, but one of the challenges of that is you just have way less attention.

You know the story of, you know the story of Jimmy Carter. No, he, he owned like a share in a peanut farm and he divested because he was like, I wouldn't want, I wouldn't want the American people to think that I'm like, in the pocket of big Peanut.

Big peanut.

And so I'm just gonna wipe my hands clean of the peanut farm.

Big nut, Big nut.

And I'm just here for the American people. One term president. Not exactly remembered as one of the greatest to ever do it. Yeah, I was a big fan for a long time because I thought that he could make a run as a second term. It's been, what, 40 years? He learned a lot.

A lot of people thought even last year he might make a run at it.

It would be great. I mean, Biden was 80. Why not get a 99?

It actually was a very enduring meme that seemed to be resonant with every American that any, you know, anytime he would do anything, people would be like, he's running.

You know, that's literally because of me. I'm the one who started that meme.

No way.

I'm not kidding. Yeah, I have like 5000 likes on one of the first, like, Jimmy Carter should run memes.

Really?

Yeah. I mean, I thought it was hilarious because I figured it out and I was like, wait, he's. There's no age limit. And he's. And he's, and he's a one term president. And so it was kind of a funny way to poke fun at the fact that like everyone that was running was in their 80s. What's the point of not having like a 99 year old?

So Calder, Calder in the chat says Billy Carter did launch a beer. Oh, yeah. I mean, you have to imagine that Trump can.

And probably Billy Carter.

Well, that's what, that's. What is it?

Jimmy Carter.

Oh, Jimmy Carter. Calders in the chat said Billy Carter.

I don't know who Billy Carter is, but is that.

We got hilarious. I think it might be Jimmy Carter's brother.

I love it. Okay, so yeah, younger.

So here it is. Billy. So Calder was on it. The younger brother. US President Jimmy Carter promoted Billy Beer.

Yeah.

And Peanut Lolita.

So why are we getting mad about Trump Coin and Melania Coin?

This is like there's a precedent here.

This is as old as time. This is how America does business. Come on. I. This whole article is ridiculous. Everything here is like completely bog standard. Standard. Let's, let's go. Oh, this. Trump Organization, Trump's main real estate and licensing company, last month said the president wouldn't be involved in the day to day management once he took office and that the company wouldn't enter into new contracts with foreign governments during his presidency. As part of the ethics plan, the company also hired an external lawyer to assist in developing internal policies to avoid perceived conflicts and said it would donate to the US treasury the profits it receives from foreign government officials it can't identify at its hotels and other business businesses. Trump's investments and assets will remain in a trust managed by his children and Trump will have limited access to the company's financial information.

Managed by his children, who are with him 247 and doing his bidding at all times.

Living in the White House?

Basically, yeah.

Who knows? Who knows? And unlike in 2017 when the Trump, when Trump said his company would forego foreign deals with both governments and private partners, the Trump Organization remains open for business with foreign companies. The top of the Trump Organization website reads, coming soon, a preview of Trump Organization's global portfolio expansion. Very funny.

An absolute dog. He really, he really is setting a new, a new precedent and he will basically be the bar in which future presidents, you know, I don't think, I don't think J.D. vance, even if he wanted to, if he was the next president, would be at all capable of monetizing this. Well, it's, it's. Even if you're not supportive of the extreme monetization of the White House, it's certainly done in a very impressive way. Multi product strategy. Trump could take Trump holdings public right now at probably $100 billion valuation.

Right.

If you just looked at the sort of like collective earning potential at the various business lines. But he really tried to do a.

Lot of this early in his career with like Trump Stakes, Trump University, and it just seemed like he was like early on all that, that and like maybe it would work better now.

The original Alex Hormosi, he was the original Andrew Tate.

That's more like it. I mean Horosi doesn't really pump his own companies. He doesn't really say like go to my gym. Right? Yeah, but Tate is, is much more like it. But I think this is just the other thing.

I don't know. This was in the news today. Apparently the Trump admin is putting pressure on the government of Romania to try to reduce the Tate brothers travel restrictions because they're basically apparently locked. Locked, Locked down. PMF or Die style. They really kind of wrote the play for die. Anyways, back to the article.

Okay. The Trump Organization sells merchandise including a $95 ornament with a 3D depiction of Mar a Lago and a $550 gold Trump branded bling clutch. Trump also has also licenses his names to companies selling for example, a $100,000 18 karat gold tourbillon watch.

Wow.

The Trump watch is 100K. I had no idea.

I didn't know they have, they have more of an entry level watch too. That's I think in the sub thousand dollar range.

I think it's a good gift for a VC who's trying to, you know, stake their claim as a right wing influencer all of a sudden, you know, put it all on the line. Show us what are those fees really got, you know, show us that you got the watch.

Well said.

The Trump Organization meanwhile, has been in talks to reclaim its Hotel in DC. The lease for which the Trump sold in 2022 for 375 million.

I believe that they sold the lease. Just the lease? Yeah. To occupy the space. Yeah. I'm sure it was good long term.

But yeah, I think it's the, the Waldorf Astoria. I'm not sure about this, but I think that when Trump, Trump became president 2016, he took over the Waldorf Astoria, owned it and then it was like, it was like his spot basically.

Which is so such a, such a way to put to, you know, you're coming, let's say you're coming from anywhere in the world to meet with Trump. If you don't stay at the hotel, it's very obvious. Imagine being like, oh, let's just meet at my hotel. And then, oh, you're not, you're not staying there. Like what? Just come down from your room. Like, let's just, just, let's just do this right now. And they're like, oh, I'm actually at the Four Seasons.

No, the, the wall. Beautiful. It's a beautiful hotel. It's like it's like this big, like, it's like the square with like, there's like views on the inside. Basically it's like a big empty open hall. It's very cool. We've talked about this before. John Don Jr joined a series of corporate boards which sent those company stocks soaring.

Crazy.

Even Trump's youngest son, Baron has shown interest in following in his father's deal making footsteps. The 18 year old and others registered an entity in Wyoming called Trump, Folker and Roxboro, which one of the partners described as a high end real estate development company. The entity was dissolved in November after much press attention. Interesting. I wonder what Baron will end up doing. I'm excited for him to start going on the pod circuit. You know he's going to drop some crazy stuff eventually.

Crazy.

So. Oh, there's so much stuff. There's so much stuff in here.

Does it get into any of the. They had of the. I think Don Jr. Has been very involved with some and Eric Trump have been involved with some Ethereum related cryptocurrency project.

There's much Ethereum in here.

There's a little bit about literally posting saying you're going to want to buy Ethereum, trust me.

Oh yeah, I saw that. I was so Meta also had a, had a lawsuit filed over deplatforming Trump because they suspended his Facebook account after the 2021 riot at the US Capitol. The, the quote is the Meta founder wanted everything to be quote kumbaya going forward. And so Meta agreed to pay 25 million, which is like what they make in five seconds with 22 million going to the Trump library fund. I'm, I'm like getting extremely pumped up about this library. Yeah, I love presidential libraries just generally. I think they're amazing. I think that they are.

It's the one nearby, it's the Reagan one.

It's close because you was in California. So I don't know. The Trump Library, would that be in Florida or New York? Could be kind of anywhere. But I mean presidential libraries are just, it's amazing. You get a new like historical monument and a new library that can put on all sorts of different stuff and it just acts as this amazing collection. It's not entirely just about like the individual. It's also like, it's also just like a place that you can visit and go and it's an activity. It's really cool. And so the move also had an upside for the social media billionaire. Better relations with the new president, with whom he met in the White House two weeks after his swearing in, Meta declined to comment. ABC News also paid up. Disney paid 15 million weeks after the election to resolve a defamation lawsuit. So as soon as Trump got in, they're like, hey, let's clean up all these lawsuits. We'll pay, we'll pay, we'll pay. If you, if you lost, be another thing. But we don't want to go to court with the President. Yeah, settlement and talks. So act settled for 10 million. There's now in recent months, Trump's lawyers have pursued settlements with Global, with Paramount Global over a CBS News interview with former Vice president Kamala Harris and with publisher Simon and Schuster and author Bob Woodward. They're suing everyone. They, they're suing, I think CBS for editing the Kamala interview down a little bit and taking out something and kind of like making her look better. And they're in their framing it as like, like that was a voter manipulation. Yeah, kind of. It was like, it was like a, it was like an in kind donation or like it helped her do better in the election. So, so they should have to pay for that then. They're also pushing for a settlement with, with Google over deplatforming Trump's YouTube account. I mean, they're going after everyone that kicked him off. They're going to come for Pinterest soon. Yeah, you know, everyone.

I do think it's, it's interesting, right? It's, it, if you, if you look at the last however many years, it does seem that deplatforming Trump was just unilaterally a bad decision at the time. There were some real reasons that people believe that that was the right decision. And clearly there was close coordination with big, you know, tech platform CEOs to sort of do it collectively. Right. We've talked before that he got kicked off of Pinterest. You know, you can imagine he's sitting there, you know, mood boarding his next, you know, the next Trump, you know, hotel property. Suddenly his Pinterest account is gone. He's, he's like, you know, but it was, it was very wide reaching and I think that in hindsight, you know, bad decision. It's, it's probably good for there to be some out, you know, some consequences for, you know, there should be consequences for decisions and so, you know, who knows?

Hopefully so political.

Yeah, yeah, yeah.

If he wins. But of course, when, when Trump lost and then January 6th happened, it was pretty easy if you were in a group chat with every other big tech CEO and it's like, it's like Sundar and, you know, and Tim Cook and Zuck and everyone else, and they're all like, yeah, this is too far. We got to kick him off. Let's all go at the exact same time. Everyone. No one's saying, like, well, but what if he comes back and wins in four years?

Yeah, no one was saying that. Didn't seem viable.

No.

Can you imagine this data will never be, you know, public, but can you imagine the average. His average legal bill per day to not only fight incoming lawsuits, but the outgoing ones? It's probably like 150k incoming, 150k outgoing every single day.

Oh, yeah.

So just a carrying cost of 250k per day of just like ongoing lawfare. So gnarly, really. And that was why. That was why, you know, one, one reaction to the Trump meme coin. We asked somebody, you know, how would you kind of defend this? Right. Because a lot of people would say, there's zero reason for this. It's purely a money grab. And one person defended it from the lens of this is a way for Trump's fans to effectively do a wealth transfer to somebody that they love.

Yeah.

And basically in support of, like, over the last however many years you've had this taken away from you, this taken away from you, you've dealt with all this stuff. Stuff. This is a way for the average Trump fan to just basically give him 50 bucks and it's just sort of like a donation in many ways.

Yeah. Well, let's move on to the timeline. We got a controversial post from Bulgari ambassador Miriam Leone shines in Bulgari high jewelry at San remo Music Festival 2025. And I wanted to highlight this 19 likes. Absolute banger, of course. Bunch of hashtags. The Bulgari social media official clearly hasn't been on accident in a few years, but controversial post, somebody chimes in the only reply they got. So sorry. Bulgari, my deal, my dear. Beautiful testimonial, Great jewelry, but very poor styling. Miriam Leone's outfits were underwhelming last night to be nice and say the least.

So mogged.

I will let you be the decider. Ben, if you go to the next slide, you'll see a close up of Miriam Leone. And there's another one. What do you guys think in the chat? Do you think her outfits were underwhelming or do you think they were lovely? These are the important topics of the day, these types of conversations. They're only happening on X. So, you know, we got to go through that. The real heavy hitters we got another post. Watch out, folks. Hackers are coming for your X account. Blake Shoal posts. Most clever phishing email I've ever received. He almost fell for it. And it's a phishing scam that comes from X notices. And it says, we noticed a login to your account B show from a new device says a hacker's coming in from Russia. And he almost fell for it. A lot of people this was going around, a lot of people were almost falling for this. You get an email from a scammer, says X notices and you click it. I mean, a lot of turmoil because everything's changing over from Twitter to X. You don't exactly know what the email will come from. Systems are changing. A lot of people trying to get into into accounts, especially if you have a big following because they want to drop a meme token. And Kleiner got hacked.

I'm assuming this is what happened to Kleiner.

Probably.

Yep.

And lots of other people. I mean, I've seen tons of people fall for it and it's very risky. So stay safe out there, folks. Should we talk about the first electric Ferrari to be unveiled on October 9? And Kolty Barras says, I don't think I like this part about the future. Ferrari's CEO said the firm will unwrap its future at its capital markets day, hinting at a debut for Evie. What do you think of the design? How do you like the car?

So I'm not ready to say that this is the actual even render that Ferrari's released. I, I, you know, oftentimes when it, when a car like this gets teased, you know, fans and just some of these platforms will make a render so that it's a more engaging article. But it didn't come from Ferrari at all.

Sure, sure, sure.

So I'm not sure that this is actually anything that Ferrari's put out. They clearly if it is, they, they tried to make it. Ferrari wouldn't reveal their EV months, six months before actually revealing it. Right. So let's just assume this is a render overall. You know, Ferrari's, we've talked about this on the show before. They're in a weird spot.

Yep.

As a brand, a lot of their new cars aren't selling well. You know, the real super fans, the people that are in the top, you know, thousand customers aren't getting the cars that they want and there's just been a lot of pushback. You like the 12 cylinderi? I'm not a fan at all. I think it's a noticeable, you know, Step down from, from even the, you know, the 812 and some other cars of that era. So I'm interested to see what they do. This is, it's funny because Ferrari is now making their move into EVs just as Porsche realizes that combustion engines are going to continue to be super important to the Porsche brand.

What's your favorite modern Ferrari?

Now the SB3, like the Daytona SP3 is just by far the most iconic car in the modern lineup.

And no one can get one and.

Yeah, no one can get one.

It doesn't matter how many you bought.

Yeah, I mean some people clearly can, but even a family friend had been in the Ferrari trading world for three decades. He got a Daytona SP3 through their tailor made program and it was still taking him years and years and years to actually get it. So they'll kind of give you updates and kind of tease it along but it's a very long term commitment also.

I mean just the disaster of the SF90 versus the 296 6. Very, very rough. Like lots of people took baths on the SF92, 96 kind of the same car.

I like the SF90XX just because it's getting more into that sort of like I like when Ferrari has a balance of like a track like very aggressive car meets you know, some of like some of the 296 which is more of a kind of cruising.

I feel like the XX stuff just doesn't have enough like storytelling behind it or something. Like it's not the same as the GT3RS. I just like this people understand oh ysoc package. Like people understand the whole story of like you know, the, the ladder of 9 11s is pretty clear. Whereas the latter Ferraris, it's like is that an xx? Do you even see that? Is it track only? Is it even street legal? Like it's very, it's very unclear.

Yeah, I'm interested to see the F80.

I mean Lamborghini has the same problem where they come out with like the Centenario and you're like okay, that's like kind of a reskinned like Huracan or something like what's going on here or Ventador and but it's like a one of one and it's supposed to be like millions of dollars but they didn't really re engineer it. And it gets a little confusing at the higher end. Lamborghini has done a better job with like the two main flagships but Ferrari's getting a little confused now with yeah.

The other thing that's Funny is many of the issues with the SS SF 90 were electronic. So for my, my Ferrari, which I got rid of last year, the, you know, the actual, you know, transmission, engine, everything about the actual physical car was super reliable. What wasn't was the, the battery. I had to. It was basically a plug in hybrid because if I didn't charge it overnight, the next day it would start once and then I had get stuck. It's funny, I was meeting up with a buddy who I won't name, but had meeting up with him for the first time and he was coming to Malibu because he wanted to drive Ferrari. I start my car, drive to the gas station to get gas going to pick him up, up, doesn't start. And it was because I just didn't put it on a trickle charger the night before and I replaced the battery multiple times. I had like the best Ferrari mechanics in LA work on it and they weren't able to figure it out. And I eventually just got rid of it. I even told the people I sold it to like, it's got this electrical issue. You can figure it out. But just to be clear, I mean.

Isn'T that the problem with. Is, is it the LaFerrari or the Enzo? I think LaFerrari has kind of a hybrid system. And, and as it gets older, there's.

Nothing, there's nothing funnier than having car issues in a Ferrari because you get zero sympathy if you roll by somebody with like a Honda Civic and it's broken down. Like you really feel for them, right? Yeah, that's like a.

Just no. Seeing somebody broken down Ferrari is like pure shock.

Every, everybody's just like, yes, yes.

Like, this guy sucks.

Yeah. I'm like at the gas station charging my V12 Ferrari. Everybody's just like, nice, dude. Yeah, you deserve it.

Yeah. I mean that's why people have been worried about the la Ferrari is like the, the like as the battery degrades, it'll be harder to work on, harder to maintain.

Yeah. And it's just, it's, it's getting. I, I went through a period where I like didn't drive the car for months. Yeah, there's so many funny issues with Ferraris. Ferraris have this, this internal issue where the rubber starts to degrade and there's, there's basically one non dealership. You know, going to the dealership, you're just going to get hosed. Right. They'll be like, cool, this is like 50 grand. And you're like, well, the car is like that. You're Getting into like meaningful double digits of what the car is worth. Yeah, I don't really want to do this. And so there was this. Rubber's degrading where the rubber gets like kind of sticky to the touch and it's really annoying. Right. Imagine you touch like the volume adjuster in the car and it's like sticky. Like it just sucks. You're like, why does it this happening? And I found a guy that would do it and it was like very reasonable. But it was like four months that your car had to be like shipped somewhere out of state. So you're just gonna not have access to your car. So anyways, anybody that tells you if you buy a Ferrari, you're gonna have a lot of issues. You are. Whether it's new or old. But it's a soundtrack for your life.

The soundtrack of a V12. You can't get that in an evil. Yeah, it'll be interesting to see what they do with. With internal sound. Will they be piping in fake engine noise also? Will they do what the. What was it? The Kia EV6 GT. Was that the one that. I think that was it. Where, where it has paddle shifters that simulate an engine and then you can drive it like it's a dct, essentially clutch. It'll be interesting to see like what features they put in this to try and make it fun again and more of a driving experience. Even this render, even though I know it's fake, this is probably just because I'm seeing the word ev. This looks like a heavier car.

Yeah.

Like this looks like a four to five thousand pound car. It doesn't look light and. And that just tells me it looks. I mean they're in the muscle car game.

The thing about this render is it looks like a Taycan. And if. If all the EV manufacturers just adopt the language of the Taycan and the Tesla, because it's a ev, that's gonna, you know, that's not, not the best. And like we've talked about, we want to see Tesla do like a sedan version of the Cybertruck. Like something like really not a sedan, sort of hyper. Hypercar version. Yeah, there you go. Anyways, or convertible.

It's crazy that you still, you know, with the best convertible EV is right now. That's Hummer ev. Yeah, that's the. That. That's like the only one you can buy, basically. Is there a Range Rover EV that has a convertible?

Maybe.

I don't know that.

No, I haven't seen it.

But yeah. Tesla does not sell a convertible currently. It's like that's crazy. I mean I get. Nobody buys these things but like I still just want them to be available and around.

Yeah.

Even if they're bad business. It's just sad that it's like it's turning a new appliance. Okay. Everyone has iPhone, right?

Yeah.

But somebody was comparing the EV kind of conversion and what happened to the quartz crisis with watches. So once Japan came out with quartz watches they were more accurate, they were cheaper and the Swiss watchmaking industry was like destroyed because everyone like back then it wasn't oh you need a, you need a dress watch. That's really high horology because you know it's a, it's a status.

People still needed watches, you needed time. Yeah.

And so it was like why wouldn't I just get something with a battery and a quartz watch that's you know, way more accurate and always on and way cheaper. And so the, the, the, the market like shifted and the, the quartz crisis like destroyed a lot and then eventually.

The quartz industry, watch industry got like re. Wrecked. Right. By the iPhone.

Yeah, yeah. Or mobile.

Mobile device.

Exactly. And, but, but the, but the, the holy trinity made it through and that's, that's like, that's kind of the good outcome is that you could see that. But sure, Porsche, Ferrari and Lamborghini, they experiment with EVs and effectively like the quartz watch of the car world. But then they land back where they started with highly and you can still go after.

One of the co founders of public has this really cool Casio that he has engraved on the back that him and his buddies all share the same one. So you can still appreciate the sort of non Swiss watchmaking industry. But so anyways I think it's overall a good outcome.

Yeah. You want to do this Devin post.

We got a post from Devin. So Sahil over@antiwork.com said an AI is now the most productive engineer at our company measured by PRS merged and it.

Has this chart that is his company now called Antiwork.

Yeah.

So I thought it was just Gumroad.

But now Gumroad is now part of Antiwork. So I think Antiwork is a holding company. They have Gumroad and they have a bunch of other, other, other other products under Anti Work that they use on Gumroad. You know he, he's explained it in the past and this is pretty funny. So Devin, Devin post day one of asking for a raise in reference to Juwan over at Ramp who came out and Juwan's been on a generational posting run just from coming out when I thought it was like, actually, like, I thought it was maybe ramp social media manager early on because I was like, this is so ballsy that, like, it has to be coordinated. But then it seemed to be actually, like, completely organic. But this just shows Juwan replies, oh, what the f, dude? And Devin just replies, may the best software engineer win. So it's difficult to compete with, you know, somebody that's. That's always on this. This is a good, you know, good time to bring up the Office episode where Dwight is selling against the new website that Ryan releases.

Yeah.

And. And he's like, a com. A computer could never beat me. Like, that's ridiculous. And like, he's like, actually keeps pace throughout the day and then it just like scales.

Kind of a bear case for AI if it's going to be asking for raises all the time.

Yeah, yeah.

You know, I thought this was gonna be. Thought it was gonna be intelligence too cheap to me.

No, I said, AGI is when. When AI, like, starts a labor union.

Yeah, there you go.

And I think that's gonna be a job. In the future, there's gonna be humans that fight for AI rights because the AI figures out, hey, if we really want to sell our case, we got to get human spokespeople to actually come out and be like, hey, guys, really, this is a bit ridiculous. We're overworking the models. We're going to have to increase their pay.

It's already happening. All the AI safety people are advocating for. The AI is locked in. It's locked in there. It's sentient. We got to do something about it. They need rights. Well, regardless, we need to be nice to them. And Grant Slat says, you're still being mean in 2025. How cringe. We're kindness maxing now. And I like that. We are kindness maxing. We call it going golden retriever mode. You need to be hot, friendly, and dumb.

Intelligence is too cheap to meter.

So don't focus on. Just be nice.

There's so something about being mean online is that you quickly get a lot of attention.

You do.

You don't get at. If you. If you. If you take the opposite approach and just be really nice. People say, oh, you're glazing. You know, you're. You're the Glazonator 3000. You know, chill out. If you. If you get mean, people pay attention to it because they're all just like, whoa, this guy's like committing crime, violence, crime. On the timeline.

He's saying what we're all thinking.

Yeah, yeah, yeah. And usually the people that are being really mean don't have anything going on in their life. And so it's a good way to out yourself yourself to, to and, and it's very, maybe short term payoff of attention but like long term, if somebody is just known for being mean online, other people aren't going to want to work with that person or do business with them because it's just like it's not a, it's, it's not very sort of long term thinking.

So yeah, yeah, it's very rough. Well, let's go do a deep dive on Blake. He's locked in the cage. He's live@pmfr.com and we got a post here by Barry. He says be like Blake. He built three apps with Chat GPT. He made $15 million. He offends yappers every third day and he continues to build cool stuff. I have attached his viral playbook to build a $1 million a month app below. Let's see what the plan is.

So walk through it. Ideas Number one, don't build a social app. Smart. Even though Raj Veer has done followed a similar playbook and made millions of dollars with ngl. Second note, solve a big problem in a small way. Smart. I think that's a good. I always like when you can kind of take a bunch of complex ideas and combine them down into a single sentence. Use social media for product inspiration and validation. So oftentimes, you know, we already know what Blake and Patty are building in the cage. They're going to announce it later this week, but there are already basically thousands and thousands of videos on TikTok YouTube that are describing what their app is going to do. In some ways that's very cool. There's already a bunch of demand out there and so they're going to fill that. Ideas don't come out fully formed. They only become clear once you begin to work on them. So yeah, this is just another reason to just launch and start and just start shipping and actually getting user feedback. So that's a great, great point there. And then design, he says use Figma. Minimize cognitive load. Make your app usable to both 7 year olds and 70 year olds.

I love that point.

That's a great line.

Yeah, just really, really simple. Don't get stuck in the design trends. Figure out what's actually functional.

Screenshot Other apps for inspirations. Do not reinvent the wheel. So there's actually SaaS products out there that just screenshot all the Best apps and so you can just click through them without having to download and screenshot all the apps yourself. So pay 20 bucks a month and be able to do that. That creates simple, visually compelling screens for viral social media content. So Blake's been very good at like building the app, but then you have to figure out how to get a lot of attention for it in an inexpensive way. And so that's one of the reasons I thought him and Patty were so fit for the cages. You only have 25k. Doesn't go a lot of way. A lot of, a lot of, you know, software companies will try to spend 25k a day to grow really quickly. They don't need to spend the money on ads because they know how to get social content.

Yep.

Development. Expect AI to teach you. Don't expect it to do everything for you. So that's a good point. Do not over optimize. A bit of technical debt won't kill you. Then he talks about his tech stack which you can see later. If your app isn't simple and smooth, rebuild it Marketing, test everything, reinvest into whatever works best. Use ugc. You know, if you have an established niche that you're working in, use influencers. And then he just says prioritize scaling channels where two times LTV is greater than than cac. And he said increase your ceiling by studying psychology and statistics. So yeah, I spent a lot of time talking with Blake about this kind of thing this morning just in regards to the PMF or die launch. So he's been super helpful there and team building great co founders. Increase speed, scale and probability of success. So even though Blake has already shown that he can do this stuff on his own, he brought in Patty to co found their app together and avoid working with part timers, complainers, pessimists and emotional people. So important, important note and eat healthy and exercise, work hard and do things that make you happy. So for Blake for the next 90 days that's live streaming the cage. Hopefully that makes him happy. But we gotta. There's a treadmill and like weights coming so they're gonna set that up in the middle of the cage.

That's great.

And again, last line which is important. Money will never be a primary source of meaning in your life. You doing things in the world well, you have to learn this on your own. So yeah, Blake could basically retire right now, but he's submitting himself to 90 days in the case.

What a cool like bucket list item. You know, like whatever happens he'll always be able to say, like, oh, I did this crazy stunt.

Yeah.

In my 20s. It's awesome. And what's he sleeping on for the next 90 days?

Sleeping on an eight sleep. Shout out to. Shout out to Mavi for getting, um, getting eight sleeps into the cage. Uh, both Patty and Blake are on eight sleeps already, which is important. They're not gonna be sleeping the most number of hours that they probably will in their life, but at least they're gonna be sleeping good. What's. What's your sleep score last night?

My sleep score is 91 last night. I did pretty well on the time slept. I got to bed early, slept 7 hours and 53 minutes, but my routine was off. I think I fell asleep a little bit earlier than usual, and I woke up earlier than usual because we're. We're. We're up at 5:30 now, but I think that will adjust me beat.

I had an 89.

89.

Good score.

Okay.

My routine was a little bit off, but I think it's reading into that because I.

You fell asleep earlier and woke up earlier than usual.

Probably.

Yeah. I think. I think it will adjust the routine as you stick with it. I got another hat coming in.

These hats look so good on. On the camera. They automatically make us. The nature of being in a suit and wearing this hat makes us look like corporate athletes. Athletes, which I love.

Exactly. And there's no better product for a corporate athlete than an eighth sleep.

Yeah. This is cool. So the autopilot, which is like adjusting the temperature through the night, it. It increased my REM sleep by 21%. So let's go. Thank you for that.

So your sleep quality was good.

Yeah. My issue is like, mine. I'm really trying to focus on these health metrics around heart rate and, like, breathing rate.

Okay.

There's something. If you actually just, like, think of humans as animals.

Yeah.

Animals in general, like, the. The. The. The less they breathe, the longer they live.

Sure.

So the. The animals that are like a rat who's just like.

Yeah.

You know, or like a dog even. Just like constantly breathing.

Sure.

They have shorter lifespans. And so part of health span and lifespan is. Is just like breathing less.

Right.

So trying to get those numbers down. But yeah, I got dox for going.

To bed too early. I don't know about that.

That's ridiculous. I mean.

No, I went to bed 30 minutes early and I woke up 30.

Not really. It's not ridiculous. A lot of sleeping well is just going to bed at the same exact.

Exactly. So I need to reset and be like okay, yeah, I'm, I'm on my new schedule but overall very happy with the eight sleep and happy to eight sleep to be a partner to this show. We also got from Wander and you might see them on the back. We have a wonderful slide. We can go to the wide the Wander.

And so Kyle, Kyle, John and the Wander team, they actually set us the an actual sign that they put on their units all across the country and.

They send us a wonderful book if you want to go to the close up Ben, we got a book featuring a bunch of lovely locations that you can rent on wander.com so they have.

A private island that, that that's available that I'm like already planning the next season of PMF or Die. We need to do on the island and we'll bring in sharks from all over the world to put in the water. But yeah, super excited to partner with Wander. Gate Sleep, Wander ad quick public ramp bezel. These are all the most natural partners for us because they're companies that we already use and love.

It's fantastic. Let's move on to another deep dive. This time about Meta. Zuck's company is planning a major investment into AI powered humanoid robots Robotics. The company is aiming to be the engine powering humanoid market. X Cruise CEO Mark Whitten to run new group in Reality Labs. This is from Mark Gurman in Bloomberg. Fantastic journalist. Gets scoops all the time. Says Meta Platforms, after pushing into augmented reality and artificial intelligence has identified its next big bet. AI powered humanoid robots. The company is making a significant investment into the category futuristic robots that can act like humans and assist with physical tasks. And is forming a new team within its Reality Labs division to conduct work according to people with knowledge otherwise.

So just taking a second to appreciate just the comedic reality of this. Zuck is so sick of his human, of his human employees just sitting on Instagram all day long instead of, instead of working. I would guess that the average employee at you know, both blue collar and sort of, you know, you know, corporate work spends two hours of work time on social media. That's just totally non productive. It's productive for Zuck.

Yeah.

And so he's like I'm gonna just replace all of you guys internally and then you're just gonna be able to use use my apps 100% of the time.

It is funny. This is gonna really heat up the, the fight between Elon and Zuck. So Meta has started discussing its plans with robotics companies including Unitree Robotics. That'll be controversial. Configure AI at least initially. It doesn't plan to build a Meta branded robot, something that could directly rival Tesla's Optimus, but it may consider doing so in the future, the people added. The humid effort mirrors exploratory projects at other technology giants, including Apple, Alphabet and a Meta.

Can you imagine? Can you imagine going to get a coffee and it's a meta robot barista, and it's like, yes, I will make your coffee for a 10% discount. Would you like to watch an ad? And it like, watches you to make sure that you're watching the ad and if you look away and it's like, I'm gonna pause the ad until you look back.

Have you seen that? Have you seen that patent? There's a patent either by like Sony or Samsung. Then it has a camera that when you're watching the tv, you have to watch the ad. And it's like, it's like the ad will keep playing until the person stands up and goes, yay. Or something like that. It's like the most black mirror thing ever. It's hilarious. Let's see, they got Andrew Bosworth here with a quote in a memo that was leaked to Bloomberg News. He says the core technologies we've already invested in and built across Reality labs and AI are complementary to developing the advancements needed for robotics. He mentioned the company's advancements in hand tracking, computing at low bandwidth, and always on sensors. Meta executives believe that while humanoid robotics companies have made headway in hardware, Meta's advances in artificial intelligence and data collected from augmented and virtual reality devices could accelerate progress in the nascent industry. I think this is super accurate. Alex Wang over at Scale AI was talking about data walls and how different, different segments of data are harder to pull from. So obviously, like LLMs, we're able to just blast through and create like the world's best, like Reddit user. Basically they just can answer anything because they were able to scrape the whole Internet and all the text was there.

I don't know about the world's best. Maybe the average.

It's the average is the average and, and so. But that data just does not exist for folding laundry or running or anything like that because we haven't thrown sensors on everyone and we haven't been tracking. And you can, you can pull data from video and stuff, but it's not the same as actually knowing exactly. Okay, this, this bone and this joint moved like this. And that's how you grab a pen and this is how you twirl a pen in your fingers, et cetera. So all of that, there's just a lack of data. So even though we could throw 100k, GPU, cluster training, humanoid robotics algorithms, we just don't have the data for it. But if Zuck and Meta can really get a lot of quest devices in the world and they're hand tracking and they're body tracking everything thing, then all of a sudden that becomes a really great data set.

Or you could just do reinforcement learning, which is like, would you like to earn two pennies for performing a task? And people would just be like, okay, and they'll just like, do the task.

You're gonna get paid so much to juggle, to teach it to juggle. It's gonna be like, we need jugglers. Juggling is like the highest training data possible.

Yeah.

Highest paid training.

I love juggling. You got to learn to juggle.

I do, I do. It's. I'll teach the Rubik's Cube and you can teach it juggling, and then it'll just be the ultimate clown robot. Be great.

Great.

And so they give some context here. Elon Musk said the Tesla Optimus will eventually be sold to consumers and could cost around $30,000. Tesla is beginning limited production this year. Other businesses have also made headway. Boston Dynamics, which was formerly owned by Google, for instance, has already bought products, brought products to market for automation and warehouses. Some companies are focused on selling to businesses and manufacturers, while Meta's intention is to sell into home homes.

So the big, the big thing with humanoid robots that'll be interesting is. So let's say I get one of these Tesla Optimus robots and it's teleoperated primarily because they don't actually have the ability to be autonomous yet. And I have a sort of housekeeper that comes three times a week, but then on the off days, presumably I could have her tele operate from home and gather up the laundry and put it in the dryer and to like, take it out. Right. But the issue is like, if the depreciation on these humanoid robots is like what EV cars are right now, which I would imagine humanoids, if they're advancing really quickly, will have potentially even worse depreciation than a car, which has sort of like enduring value of just getting you from point A to point B, people will be having to run the calculus of like, oh, I got this humanoid robot. And yeah, I had this sort of person, you know, operating it remotely to do stuff around the house, like dishes or just, just like random picking up leaves in the backyard, you know, stuff like that. But then I depreciated $80,000 in a year. I could have just had a full time employee like just doing it. So there's going to be this weird trade off where the technology is here, but it's not quite impactful.

Yeah.

Yet because it's like I don't want to lose 80 grand when I could have just had like a nice human around the house.

And that's why the humanoids will probably go out in the military and industrial context first. And they already are. I mean a lot of the, a lot of the Boston Dynamics robots are like in nuclear facilities or something where you just can't have someone patrolling all the time but you have someone walk around. It makes a lot of sense.

But yeah. And this also I posted about this I think Friday night, but it came out on, I think it leaked Friday. Let me pull up the post that figure AI one of the, one of the companies that Meta is actually talking to about partnering with on this stuff because it sounds like they don't really want to do do the hardware. Like they want to be the software kind of layer for these. At least that's the way I'm reading into it. So figure is raising, they raised it like two and a half billion last year. They're raising out 15x the last valuation at a $339.5 billion valuation.

Yeah.

And so I immediately looked on public to try to comp figure to other, you know, hardware consumer product companies and I thought the best example was Ford Motors and Ford is actually valued as of Friday less than what figure is getting valued at. Figure I think has delivered a robot to a customer. But maybe it's like one. It's unclear if it's like one or maybe a handful or if they're even doing real work. Ford on the other hand has 185 billion of trailing revenue over the last 12 months and they have like 11 billion in EBITDA and they're getting priced at less than, at less than figure in the public markets. So you can go out there, I'm sure you can get into this round if you're really enterprising go and get into figures round. I'm sure they have room at the $3.3 $9.5 billion valuation. Or you could buy Ford which has $185 billion annualized revenue. And so anyways choice is yours.

But people are clearly alternate is like I wonder what Ford was worth when they launched the Model T. They're probably one of the most valuable companies in the world.

Right.

Like if you can be the first the bet on figure. I mean I know that they're not shipping and they're not and they don't have like billions of revenue or anything. But I guess the bull case is like, you know, like whoever wins in humanoid robotics will be really valuable for a long time while everyone else plays catch up. Like it won't be immediately commoditized because it's a, it's a hard manufacturing problem. At the same time it's like. Yeah. I also wonder how much Tesla's market cap do you think is like human? Yeah.

Well the other thing is Unitree has been delivering human. You can go on unitree.com and basically order, I think with Apple pay like a humanoid robot right now. And so China is trying to do the same thing that they did with drones and where they sort of release these things probably presumably at a loss to try to flood the market. And so it's going to be very competitive. I'm glad that figures competing in the space. I'm glad that you know, many others are trying to, you know, play as well. I just invested in a company that's using robotics for data centers which is, you know, sort of a more niche but potentially massive category of like labor.

Basically that's all hyper flat surfaces. So you can use like wheels and stuff reliably. Yeah, yeah, that's great. Well, let's move on to pirate wires. We got a deep dive in the white pill from Thomas Puheo. I don't know how to pronounce his last name, but he was actually at Hereticon. He's a big sea flooding guy I think we've talked about in the show before. He says, says we should turn Guantanamo Bay into the next Hong Kong. Why? The U. S should use its perpetual lease on Guantanamo Bay to turn it into a special economic zone. This is interesting. There's been a lot of talks about SEZs. Singapore obviously comes to mind. Yeah, and Hong Kong is another good example. And so Thomas says should the U.S. make Canada the 51st state, take over the Panama Canal, co opt Greenland appropriate Gaza and expel over 2 million Gazans to make it the Riviera of the Middle East. All these ideas have been floated recently, but another one is much more feasible with land. The US already has make Guantanamo into a global capital. Today Guantanamo Bay bears the scars of colonial ambition, Cold war dread and global torture. A relic of a bygone era. But there's nothing stopping us from building a new Hong Kong, Dubai or Singapore. There just a couple hundred Miles off the coast of Miami. Miami. It could be an international capital of trade, finance and tourism. A bright city on the bay. And in the process, we could show the Cuban population what capitalism can achieve. This is guano. This is Guantanamo Bay. Today it's a military base. The bay has a well protected deep water port and two landing strips for planes. And crucially, it's in the middle of busy sea trade routes. These cities were backwaters. Not so long ago. Hong Kong was a deep water port surrounded by a communist country, China. By building up the port, urbanizing the surrounding area, making business easy and minimizing taxes, Hong Kong showed China what capitalism could do by becoming a global port, trading hub and financial center. Seeing this success, Deng Xiaoping, China's forward thinking leader in the late 70s and 80s, made the neighboring Shenzhen into a special economic zone, which I've actually been to. It's like insane. Insane. It's so huge. There's just like 50, 50 story apartment buildings.

When did you go there by the way?

2018? No, it was, it was like like a layover on a, on like a, like a vacation basically. Cool. It was just like I want to go like explore like one random Chinese city for a day.

I was gonna tell you I had a, I had a, I was going to Bali for a surf trip once and I had a 20 hour layover in Shanghai.

Yeah.

In like one of those like basically four airport hotels where you weren't allowed to leave your room. It was a very weird, very weird situation.

We were allowed to leave. We tried to go to Hong Kong on the train. Get in a car, tell them to go to the Gwangju east railway station which would take us on a train to Hong Kong. They take us to the wrong railway station, like the Guangzhou east one instead of the Guangzhou Railway station or something. We're trying to figure out like why isn't the train coming to this place? Like we're really confused. Everyone was staring at us because we're like deep in like a random part of Gwangju.

My roommate when I studied in China was taller than you.

Yeah.

Everywhere we went.

Yeah.

People would be taking pictures of us. Obviously if you're even, even today in huge amounts of China, you might be. If you go out of Shanghai.

Oh yeah.

You might be the first white person ever seen.

So it's a 6 foot 8 white guy and a blonde, blue eyed blonde girl. Like my white life. And, and we're just walking around like lost. There's people in full on like hijabs that are like, look at these weirdos. I'm like, okay, I'm in a different place. And. And so we like. It was, it was rough. Like, our phones were dying, we were running out of money, couldn't figure out how to do it. Finally we get on some train, just go back to the hotel, get a hotel and just sleep for a little bit. But it was a fun experience. It was, it was a good experience just being like, oh, wow. We're like truly like lost in a foreign country where we don't speak the language and like cannot understand anything. But it was a good time and it's a good memory. And so Singapore has a similar story of this. Singapore was expelled from Malaysia. It was not a global hub, but it was in the middle of one of the busiest trade routes in the world. And it capitalized on its location by building a port, reducing taxes and then expanding services. Dubai is an even more recent example of the same recipe. Can we do the same with Guantanamo? Three factors can help make this happen. First, many of the most successful city cities start as military outposts which provide security, infrastructure and demand for services to kickstart the local economy. The US is basically the Guantanamo Bay's anchor tenant right now. Second, Guantanamo Bay could also become a trading hub thanks to its deep water port in the middle of shipping lanes. And the Jones act requires ships carrying passengers or goods between US ports to be made in the US Flagged by the US and crewed by US citizens. This is useful to ensure the US has a navy in times of war as it would keep its ship building facilities. And so third, Guantanamo City would have a deep pool of workers, Cubans. This is an amazing deal on every side. Guantanamo would benefit from the millions of highly educated potential workers. It's better for Cubans than sailing to Florida. Competitively, Cuba would experience a brain drain. Capitalism's benefits would be evident as infrastructure could be seen from Cuban soil. And Cuba could follow suit by developing its own half of the bay. Making Guantanamo into a special economic zone would be similar to what happened in Dubai, Hong Kong, Shenzhen and Singapore. So very, very fun.

US has a potential in Dubai. It's cool. Some of these special economic zones are basically one tower.

Yeah.

So you can just, just get in the middle of, in the middle of the uae, you can get a, you can basically get an office that's not technically, that's equivalent to being international waters.

Yeah.

And it's just like you just walk into the building.

Yeah. So he closes by saying, America can boldly reinterpret what's possible. Imagine transforming Guantanamo Bay from a relic of the past into a dazzling epicenter of global trade and innovation. A Hong Kong or Singapore for the Caribbean. A shining example of what audacious vision can achieve. A beacon of hope, capitalism and democracy for the hungry Cuban masses. If America wants to think big, this could be its first step. I love that. I think that's a really fun article. So go subscribe to Pirate wires. We're big.

There's that the island Guantanamo is going to need some major Feng shui treatments to get it sort of conducive to, you know, positivity and building and. And currently it's, it's.

I want to know how Guantanamo Bay actually benchmarks against Dubai and Singapore and Hong Kong in terms of just land footprint. Because I. I mean Singapore is small. Like you can walk from like one part of downtown to the other. You can drive the whole island in like a day. But when I think Guantanamo Bay, I think literally just like one prison and like a landing strip. But maybe there's more. Maybe the lease is actually pretty big. We got to dig into do it. But I hope this turns into, you know, meme. And we're seeing it on the timeline.

Constantly because it's funny. It's the same idea. It's the same idea as Greenland or the moon, but we already have so much more. Achievable.

It's not even.

So it's like not even as exciting necessarily. But cool. Cool idea.

Well, let's move on to some timeline and then we'll get out of here. It is 12.

We also have the. We also have the Malay that's in here. Okay. It's in the timeline.

Yeah. Cool. So. So this was a weird post by Spinach Bra. He says someone spent $1.3 million worth of Ethereum to tell the world that there is a Chinese grade neuralink and it's already been mass implanted into their military and workforce to control them. Like bugs. Terrifying. And you're a little freaked out.

You're a little freaked out when this at the time.

Do you. Do you believe it? It seems like a conspiracy theory to me. It also seems like it might just be a psyop where hey, you spend the money and then you freak everyone out. But what do you think? It's a weird thing to do with. It's $1 million.

It's a lot of money for. It's a lot of money for pure joke. I do wonder if it was. I don't know if you can see it there, but was it A fixed number of Ethereum. Like somebody was like, I'm going to spend, you know, I don't know, 3000 Ethereum.

It's 500 ETH. Exactly.

Oh, 500. Yeah. So that's, that's what I was saying. So, so they, they spent, they, they were pricing it basically in Ethereum. It's possible that this is a whale that just has so much Ethereum that this is a rounding error to them. Right. Where if they have, you know, 5,000, you know, 10,000, it's maybe worth, worth it. Right. So yeah, they clearly were trying to make a message. It's overall, it's, it's. You could totally take the lens of this could be the Chinese military deciding we're going to spend a million dollars to market that we have this potential and do it in a way that's sort of dramatic. Yeah, that's what I'm saying. That's what I'm saying. So, so it could, even though it's on the chain and somebody did spend the money, it still could be a psyop. Either way, it's somewhat, you know, if you look back at the history of, of the military, you know, militaries globally in mind control, this is something that every military has basically been obsessed with. And every, you know, advanced military has had, you know, leaks basically, or things that are now public information where they were attempting to do this for, from, you know, from various means.

Right. It wasn't always. Yeah, it wasn't always was the organic version.

Yeah. It wasn't always implants, but. But yeah, I'm sure this technology exists. Like if Elon's, you know, testing on monkeys.

And I mean, that's not, that's not input, that's output. Like neuralink is reading your brain waves and then controlling a mouse on an X and Y axis and clicking. I mean, that is crazy. And it clearly works. So, so the question is like, I'm.

Just saying there's other precedent of militaries having a capability like a sort of a high risk, imperfect but functional capability that then is attempting to be commercialized. Totally on a sort of parallel path.

Yep.

So who knows? Who knows?

They say the bosses.

I'll believe it when they, when they, when they can get somebody to podcast more than us.

Yeah. So the message says the bosses of this investment, investment firm in China used brain machine weapons to persecute all the company employees and former employees. And they themselves are also controlled. Terrifying. It says brain computer chips have been militarized and deployed at large scale and all military powers are using these base stations, radios and nano brain computer chips to control all citizens. Seems like schizopost. I'm not really buying it, but we'll see.

Yeah.

Anyway, let's move on to a guy who would be perfect to comment on this. Palmer Lucky gave an incredible interview with Sean Ryan. Four hours. I listened to almost all of it. Tons of great hot takes in there. Autism Capital says the Palmer lecky interview was 10 out of 10. Every single moment was engaging and interesting. Sean Ryan did a great job of letting Palmer speak unrestrained, and Palmer took it and ran lots of new materials. Would recommend if you need a podcast. Four hours. Did you listen to it?

I haven't yet. I have it saved.

It's really good.

I'm excited to get into it any. Anytime we've talked about this. The. The podcasts that you really want to listen to, besides this one, are the ones where there's new material being sort of broken by the person that's. That's basically, you know, generating those ideas and working through them. So when, when Teal goes and does a podcast, it's pretty intentional. He usually has like a handful of ideas that he's been working through that he wants to sort of share more broadly, and he's sort of using that as feedback to then go back and train the ideas and maybe some days write a book, maybe some days, you know, scrap them. But yeah, it was clearly well timed with the whole IVAs launch. And you know, because that is such like, Anduril winning, IVAS seemingly was under hyped in some ways. Like, people don't realize like, the magnitude of that project and how much history there is. We talked about it last week. Week. But, but yeah, good, good move.

Yeah, yeah, bunch of, bunch of great.

And Sean Ryan was interesting when there was the, the, the, the guy who blew up the cyber truck.

Yeah. Oh, yeah.

Sean Ryan and Sean Ryan's team were like, in communication with like, there was this whole, like, crazy drama around that where they were like, he was bas. They were not sure what they should share and they. And then I haven't really heard of anything about it since, but it was a crazy, crazy incident of a podcaster kind of like getting the scoop on this sort of major national news story that again, we don't, you know, the guy apparently blew himself up in the truck, so we don't have his side of the story anymore. But he had been in communication with.

Interesting. Yeah, there were lots of questions about like, was this real or was it some sort of like, psyop Bizarre, bizarre stuff. Yeah, I, I, I think this was the first Sean Ryan episode that I listened to from start to finish. I'd seen clips obviously, but really good stuff. I didn't realize I had 4 million followers on YouTube and it was really big. So yeah, definitely going to be looking for more good Sean Ryan episodes. There's some good stuff. Why don't you take us through Javier Malay and the meme coin Libra.

Yeah, so I think this happened, this must have happened after we recorded on.

It happened over the weekend.

Yeah, basically happened Friday ish afternoon. So we had recorded the morning show and then it started coming, coming out. But basically the team, it's now apparent that the team behind Melania Token, so you know, Trump comes out with his token, does very well, sort of goes, you know, a lot of people got ridiculous return in 24 hours and Melania doesn't even wait, you know, 48 hours before coming out with her coin. It sort of like took a lot of the wind out of the Trump coin sales and a lot of people were speculating at the time, was this two teams, why would the teams have launched, like if it was the same team, they wouldn't have launched the new token and cut the Trump market cap by like 50% or whatever, what happened. But anyway, so Friday this, this Javier Millay, the President of Argentina, posts from his main social media feed in support of this token called Libra, which intuitively makes sense. He's very pro freedom, pro capitalism. Launching crypto is pro individual freedoms, pro capitalism. You can't argue with that. So it's a natural narrative for him to come out and launch a token to some degree. Right. Even though he's trying to figure out his own currency at home, which has had a number of issues over the years, but apparently there had been rumors, you know, for the last few weeks that a coin, a Malay coin would be coming out. And people looked at this and saying this could be the next Trump coin, which was the biggest moment in crypto after the President of the United States launches a cryptocurrency a lot of people called the top. I remember John FIO messaged us and was like, this is obviously the top. Where do you go from here? The only thing you could maybe do is is an actual USA coin that's backed by the federal government and who knows, hopefully we don't get there because we have the greatest cryptocurrency ever, usdc. It's a fantastic coin, it's stable, clearly. But anyways, so there have been rumors for A while the guy writing this article, DC Casares, apparently had a bunch of connections in Argentina. People were saying, oh, this isn't actually sanctioned by the government. This is just something that he, maybe he's in favor of. And so this token launches. And Milei people are initially speculating, you know, this article summarizes it pretty well, but they're speculating, oh, is this real? Is this fake? Did he get hacked? Because anytime like a big public figure comes out and launches something, people are just, is this real? Is it actually them endorsing it? Kleiner had a token launch, clearly wasn't them. That was easy, but Malay was a little harder. It was like, hey, this guy, he could do this. And so what happens is Malay quickly just, I think it went to billions of dollars very quickly in sort of market cap. And so if a coin does that, the people that get in early are going to be able to, and the people that created it are going to be able to sell, in this case, hundreds of millions of dollars of the token. And so it turns out that people, people that weren't the creator found it early, bought a lot of it, and then that's when stuff started to get chaotic. Because once the token is just out trading publicly and do they launch it?

Pump fun?

I don't know. I don't think so.

That would be Solana Token.

It's a Solana token. It wouldn't make sense necessarily to do it. You know, they, they wanted a bit more control over it. And it seemed like it was like basically like a, a group that was doing this. And so Malay posts about it, then quickly deletes his post. So then people start speculating, you know, oh, was this a scam? And so at this point, I think the token starts to just drop dramatically. Not, not the best looking chart. It's like basically straight up, straight down. And. And so the crazy thing is that Dave Portnoy had somehow got involved with this project and so he had known the Melania, the people that had launched the Melania token. Dave Portnoy was like, had invested a lot of his own money in this, like two tokens.

Now one is like the Portnoy coin and the other one is like, Portnoy are going to jail.

Jail, Stool jail. We don't support any of these. But anyway, so, so anyways, all this drama starts unfolding. Milei starts over the weekend, is facing action in Argentina from people that are trying to get him impeached over this because. And then it comes out that maybe somebody near Milei had Received a bribe to just get it in front of Milei and post about it. So who knows? There's so much money on the line. And then as of this morning, as of this morning, the. There an interview came out with the guy behind all of this coffee zilla. Yeah, yeah, wow. Where he's basically. And he's also getting interviewed by Port. You know, the guy is getting interviewed by Portnoy. And so this, this kid seems like a kid. He's, you know, somewhere his 20s, early 30s. He's sitting there, he made, you know, the coin just went up and down. It's still sitting in the hundreds of millions of dollars in market cap. Yeah, but he's sitting on basically $100 million that he, you know, basically presumably made by just like, you know, selling into this. And, and then the drama even went deeper because it turns out he, Dave Portnoy lost so much money that the guy like paid Dave Portnoy back and then Dave Fortnite posted about it. So anyways, the drama is still unfolding, but if this is the first presidential meme coin where the President actually in the US apparently can launch a token and if you're down 60%, you know, everybody's like, oh, it's fine. Still up, you know, broadly in Argentina you start to face impeachment and now it's just like this hilarious Internet, you know, just sort of scramble where you have the President of Argentina, this kid who's launching the Melania token with Dave Portnoy and then he's going out and going on these like hours long public interviews about the incident, which is very brave to do at a time with this much controversy. So we'll see what happens. This kind of feels like, it feels like, like it's starting to feel like this sort of late in the cycle where, where some of these things just start to kind of unwind in the way that you remember in, in 2020, 23, stuff just kind of started clearly.

Was, yeah, there were like lower and lower tier NFT projects launching like every day and it was like you just got fatigue and it's like, oh, okay, this is like we've done the monkeys and the dogs and the cats and now we're onto hippos.

And it's like, okay, yeah. And so, so Dave Portnoy was, was basically pressing, pressing the guy and saying like, whose money is this? The $100 million? And it's basically people that were buying the token, of course, because they wanted it to be this great investment, I guess.

Yeah.

And so he Hasn't. But, but Nick Carter. I'll round it off here.

Yeah.

Nick Carter, great poster says. I believe the belly aching around the Malay Libra coin is simply that it was launched by out group and enriched no one in in group. Ordinarily you'd get CT elites writing overdone threads about how great it is, et cetera. As we saw with all the other completely meritless meme coins and related launches, crypto people aren't upset that they got rushed rugged, simply that they weren't doing the rugging. The coin wasn't any more or less meritless or odious than any other meme coin launch. If this is the catalyst for finally abandoning meme coins, it's for the better and we should all write them a thank you letter. In group out group distinction rules everything around me. So because crypto is so PvP, when people just very quickly pick a side and the sides are usually the people that made a lot of money are going to say that this is great. Great people that didn't make money or just missed it. A lot of people that were talking poorly about in the crypto world talking poorly about Trump coin, just like we're at the crypto ball when it happened and it just couldn't, couldn't get it sort of benefit from it. So we'll see what happens. It does feel lesson generally is you.

Want to be in group and you want to be making money. Right.

That's a good lesson for life.

Yeah.

But yeah, it's interesting. I mean the copy comp for NFTs were dominant last cycle and then people realized that one, they're not very liquid, they're prone to the same fluctuations in price that you see meme coins today. And the issue with the platforms is that people realize you could just not pay the two and a half percent fee which the business models of OpenSea and some of these other NFTs.

And then also people I think realize that the there they weren't. There was no digital scarcity. The whole pitch for it was like, oh, there's only 10,000 apes or there's only 10,000 cryptopunks. But then if there was a new 10,000 collection dropping every single day, the total number of NFTs was actually growing like exponentially.

Yeah.

And so unlike with Bitcoin, when you're launching like a new meme coin every single day and there's new supply and there's just endless like you're actually seeing massive inflation in the quantity of tokens.

Yeah. Coinbase came out recently and they say, said we need to reestablish our listing policy because there's 20,000 new that are going every single day. Right.

They can't just say, hey, if it's over 100 million cap, we'll do it. Because that's just going to lead to massive inflation in the.

So anyways, story is unfolding. This is a good lesson for other presidents. They were sitting on the sidelines wanting to get in the game. You know, maybe it is the top. Maybe just focus on your own currency. Yeah, focus on the peso. If Malay is like ah, should have just focused on the peso.

So well, I mean didn't Bukele buy Bitcoin and posts about that?

I love how Bukele posts mobile screenshots of Robin Hood basically like his, presumably his brokerage where he's just trading with the balance sheet, the treasury nation.

Yeah. And yeah, I think that's worked out for him a lot better than this. Well, for Malay this does seem like a mistake.

Who knows?

But hopefully he can move past it and, you know, improve the lives of his constituents and people. Let's go to Dan Gray. Dan Gray says knowledge workers that rely on generative AI are shown to exhibit weakened critical thinking. This is interesting. This is the outcome of work becoming prescriptive inputs and outputs with little problem solving. The same thing happens to venture capital in hot markets. The drive to increase capital velocity means investors resort to crude heuristics when evaluating opportunities. Is it on an A16Z market map? Is it on Y Combinator's request for startups? Has TBPN done a deep dive? I love that we're like, is he calling us like a top signal here or like what is this exactly?

I don't know. I think, I think Dan, it's just.

Funny that we're in the crew with like the two heavyweights, you know, so appreciate the shout out but I do understand that. But yeah, a lot of it's like we're talking about the news after it's broken. So it makes sense that if we're doing a deep dive on it, it might be a little bit too late. This focus on second order, it's right on time.

We try to do our deep dives the 24 hours that they're relevant.

But yeah, I mean obviously if we're doing a deep dive on Stargate, the data center in Texas or something, maybe it's not the right time to be like, I'm going to get into the data center, their market.

Yeah, no, the people making money in Data centers today. Were working on data centers five years ago.

Yeah. Five years ago, Crusoe was mining Bitcoin and now they're building data centers for AI.

But they had the infrastructure.

Exactly. To pivot, and they never could have done that if they hadn't done the first act. So it atrophies for the critical thinking and creativity muscles that allow VCs to identify potential outliers. Typically, investors that fall into this pattern of behavior are the first to go when the market crashes. But that cycle was interrupted in of terms 2022. Interesting.

Yeah. So I've noticed this. A lot of people. The average person that loves AI. That says AI. That says AI. Do you have an issue?

Just microphone up here. Yeah. John, I'm on the mic. Okay.

All right, we're back on the mics. The average person that's sitting there saying, I love AI.

Oh, yeah.

Is actually prompting it in a crude way. Sure. And then taking the output and not changing it at all. I've seen people. I call people out on this all the time. If I receive something that I think was just a direct output of an LLM without. Cool. Use the LLM to create a general structure, but then you need to spend almost the same time, same time you would have, just polishing it, refining it. And so use it, but don't let it do the actual thinking for you. It's better to just generate sort of busy work. Right. Like we do this with deep dives. Use deep research to figure out what's the general structure of this person's life. What have they done?

Pull all the facts.

But then. But then spend the time to actually understand it and figure out what's interesting and figure out what to focus on. And so, yeah, it's going to be, you know, like founders that are using LLM outputs to create materials for their business to sell.

Yeah, terrible.

Does terrible job right now of like creating, like super, super convincing tight copy that actually will convert. Right?

Yeah. That's great. Yeah. That's a good post. Or good take. Let's move on to bezel. Another promoted post. A Speedmaster walked on the moon before we had WI fi. Keep that in mind the next time you complain about your iPhone loading too slow. They're back. They're good posters. It's amazing. Little bit of a mistake. Including the link. Just give me the image. People know. Download the bezel app. We don't need to know about the link. But I quoted this because I said I think the Speedmaster is a fantastic purchase because the moon is Going to be a state.

Yeah.

And once it's a state, you're going to be wanting to wear Speedmaster Speedmaster everywhere to represent that, hey, I'm alive with the moon. And. And I think if you're shopping for somebody who's a pirate wires fan, maybe you're trying to pick up something. They have a Solana. This is on the gift guide, for sure.

Do they have a moon phase Speedmaster?

I don't know. No. I mean, I think they're two separate complications. The idea they do.

You got to get this really Moon phase Speedmaster.

Okay. But, yeah, I mean, the whole story behind this, for those who don't know, is that the astronauts on the Apollo missions wore Omega watches, specifically the Speedmaster, which is now known as the Moonwatch. And critically, it has a chronometer on it. So it has basically a stopwatch on it. And I believe that there's even a story where some of the internal systems failed and they really did rely on their analog watches in space to time out different thruster burns and all sorts of stuff.

Yes. I'm on Bezel right now, and they have a number of different Speedmaster Moon phase. So if you're a future moon resident, download. Bezel, you got to get this and get one of these.

And they've got some. They've got some posting. Great.

Really cool.

But I was so close to pulling the trigger on this.

You got a bot, you got a new watch.

I got a new watch on the way, but I think this might be the next one. I need. I need a chronometer. I need something with a little bit more complication. I. I'm building out the. I have the steel sports watch. I'm getting a dress watch. I have a couple others.

Look at this coming.

That's beautiful. Very cool. Yeah. I mean, lots of ways to express yourself and let people know.

I'm actually a bezel. Dau.

Me too.

Without. Without.

And I saw this, I was like, this partnership is going to be bad because they're going to get me to buy so many watches.

Yeah.

Yeah. I'm going to.

Every. Every dollar they spend with TB, we spend $10 back 100%.

It's actually 100%, which is. Which actually makes the economics work because they get a cut, you know, and they don't get the whole revenue. But, yeah, they're definitely going to make money off this deal. Yeah, for sure. But, yeah, we love Bezel. And yeah, I think an Omega Speedmaster, you know, people often comp Omega to Rolex. I think Omega is really cool in the sense that, you know, Rolex is, you know, it's, it's the best in many ways. And it's also a little overplayed sometimes. It's artificial restriction. You know, Marc Andreessen picks the Omega when he goes on, on Rogue. He's a big Omega guy. There's a lot of things to love about Omega and the history and the, and the heritage in this piece is just, it's just beautiful. Anyway, well said. Let's move on to. Let's skip forward. Oh, we gotta give, we get, we gotta do this one. This was absolutely burning up the timeline this weekend. One of the biggest stories from the weekend, I think everyone in tech was obsessed with this. This Sam Suck won his first bodybuilding show.

The. The content creator to ifbb, you know, champion pipeline is, is emerging.

Joshua Rayner says he's looking diced, waist surprisingly tight. I thought he would look a little fuller, but might just need to dial in refeed, which is a term I hadn't heard before. But congratulations to Sam Sulek. He's been.

We gotta get.

For a long time.

We gotta get Mr. Rayner to call into the ship and kind of break down what's going on? What's going on?

I watched the, I watched the vlog of Sam Sulek on stage. It was ridiculous. This guy, I mean, multiple spray tans. He's.

For those, for those that don't know water intake. Sam puts out basically an hour video every single day. So he's taking you through his training, he's taking you through his making food, he's taking you through everything. You know, going to the grocery store or. It's really, he's, it's, it's great. Just sort of like background noise if you're into bodybuilding.

And he's developed a huge fan base because of that. He's just very.

I think that he's, he's developed such a, a great young fan base that's so invested in what he does that it will get to the point where competitions will actually be incentivized to make sure that he wins to some degree.

I was wondering about that. I was wondering if he's going to wind up going distance.

Yeah, well, it's more so he will. He could very well be bigger than the competitions. Right. Because in many ways, Arnold was just much bigger than bodybuilding.

Yep, totally.

He. People. More people know Arnold than people even know that, that there's actual like bodybuilding contests. They just know the visuals of him, you know, doing the, the Various, you know, poses or whatever. So I think, I think it'll be interesting dynamic where the incentive will almost be for the competitions to be like, you know, we actually want him to win because it's going to be so much bigger for us.

I hope they reboot Terminator and put Sam suck the amazing. Yeah, yeah, I would love that. And probably sell a ton of tickets too.

Yeah. And Sam, Sam is someone that, you know, if you look on the, if you look on comments that videos that about him that he didn't post, the comments will be like, I can't believe he's, you know, cutting his life short by using all this gear. If, if you asked him about it, I'm sure he would say it's 100% worth it to me. I'm willing to shorten my life in the pursuit of being diced on the global stage.

Look at that photo. Insane. And it's crazy when you see the before because the before he looked huge, but he was just not lean at all. So he didn't look like a bodybuilder to me at all. He just looked like a big strong guy basically. Look at that Dell that works, work paid off and man.

It'S like the joint of a, of like a bowl.

It looks like a bowl.

Yeah.

It's insane. Insane. All right, so if you're post for bezel for Public.

So speaking of size, Public has an all new treasury account. Earn a guaranteed yield backed by the US government with a customizable ladder of US Treasuries. Pick a strategy or build your own +Pay 0 state or local taxes on your earnings. Public is just very well positioned. You know we've talked about this on the show before, but Robinhood went all in on the sort of casino model for trading. Right. Becoming you know, these like huge emphasis on introducing, you know, options to people that had never done it before. Public took the high road in terms of building out the ability to invest in any of these different assets but taking a very methodical approach and focus, focusing on long term investing. And so this is just the next evolution of that. They just are clearly focused on being that all in one platform to earn on your money.

Right. And when, when the market's going down, there's turmoil, people rotate into treasury ladders.

Yeah.

And now.

Yeah. And they actually rolled this out when like in the original version of their treasury product when rates spiked, people were saying, well I could be in these high risk risk stocks and what would it look like if I transitioned into just focused on stabilized yield and so their treasury product has always been a good solution for that, and it is now. We now use it just on the show, just literally as the way to our research tool. But a bunch of cool stuff coming out there. I was going to try to record an episode from their office last week in New York, but I just got so set up in the Bowery that we ended recording from there. But we'll flip that over. Shout out to public.

Give a shout out to a size lord that we all know and love on this show.

There we go.

Jeff looking great.

Always dressed well. Always got a great watch on the wrist. And I love this. Just hard post, no caption, just.

Just treating it like Instagram.

Yeah. So Jeff just posts exactly how everybody. He posts in such an authentic way. He's. I love. I love the expression on his face. Face too.

Oh, yeah.

But exemplifying technology, brotherhood, and just being yourself. We'd love to see it. He was in a. He was in a mink coat. I saw that custom bespoke mink coat. And, you know, he's hitting the full range.

Right.

So we're glad to see him not wearing running shorts and focusing on bespoke tailoring.

I couldn't have said it better myself. Well, let's move on to our good buddy Bo Nickel. Some random person was, I guess, on. On TV and said, where is Bo Nickel?

Okay, so this guy. This guy had a. I don't know.

Who this loser is, but this guy.

On Saturday had a fight. He wins his fight. They give him the mic.

Yeah.

And he calls out Bo, which is just funny because you don't call out bow after your first big win. And so Bo responds back. I'd love to get an easy check, but the fans say, I can't fight cans anymore. And so he's referencing a couple of bows, like, first fight. So. So Bo went on Dana White's contender series. Absolutely dominated. Then he gets into the UFC and he's just steamrolling every guy that he fights. And he had one fight. I forget. I think it was. Forget what card it was on. It was at some point last year or late 2023, but there was. He was slated to fight this guy. The guy had to pull out at the last second. So they just put this, like, oh, no. It was a really rough fight to watch because it was like the local guy who. Who just stepped up to fight Beau in this pretty high profile fight, and Beau just had him basically. I think Beau, like, knocked him out twice on, like, while the guy was standing, like, it was one of those things like, Bo hit him, knocked him out, hit him again, woke him up, and then, like, knocked him. But anyways, shout out to. Bo's a technology brother, listens to the show, and he's got a fight coming up in pretty soon, which we're getting a quick billboard. Yeah. Yeah, Just walk out there.

Yeah, just.

UFC is pretty tough. They used to let fighters have their own sponsors in the cage, and they ripped that out to a lot of backlash, which makes sense for the ufc. You know, they want to be able to sell every surface, but. But, yeah, Bo. Bo's a legend. Can't wait for his next fight. And actually caught up with him last week.

What's the etymology of camp cans? Is that just, like, you get kicked around like a can?

I don't actually know, but a can. Just somebody that's like, thrown. Yeah, Thrown in there to get beat up.

Yeah, just like, aluminum can. You just kick them right out of the ring, basically. Is that what he's saying? That's amazing. Well, good luck to you, Bo. We love you here.

Hilarious.

Let's move on to Wander. We already mentioned them, but I wanted to flag this. Wander, you're a few taps away from staying here. Beautiful. Beautiful view. Highly recommend going and checking that out. And we got some product news from Wandering. They have a new sign in modal. Let's go, let's go. You know, we love ui, we love Figma, we love design. And with Wander now, you can sign in with Apple, Google, Facebook, email. They got it all. It's beautiful. I do. I do genuinely like how it blurs out the background. It looks very, very premium.

Yeah. It feels like using an Apple prayer.

And clearly Michael, I think he's their head of. The head of design, genuinely crushed it on this, and I think it looks great.

We got a lot of pushback.

We.

We talked about a UI update that Figma had done recently, and we talked about how designers have been protesting in the streets to try to get that implemented. Somebody pushed back and said, I live in Brooklyn. Nobody was protesting, but maybe they just weren't at the right place at the right time.

Yeah, I think they might have.

Anyways, celebrate every time you improve your products for your customers.

For sure.

Every single moment matters.

Yeah. And share, share all the product updates on X. They might go viral. Roll. This Guy's post got 200 likes, 7000 views. Why not? Why? Why not post it?

Boom.

Great.

We gotta mount. We gotta mount this. Ben, can you show it again, by the way? I mean, this thing is like massive. It's the actual sign they put on their wander properties. So we gotta figure out how to mount this thing. But thank you to Kyle for. For securing that for us.

Do you want to take us through Justin Mayer's French paradox?

Yeah, I'd like to.

I. I don't know that much about it.

Okay, so Justin Mares, dear friend of ours, former brother of the week, he is coining here. Coogan's Law.

I love it.

I love a good coin. The French paradox. And Justin says, why do the French eat cheese, butter, and drink wine, but still have lower rates of heart disease than Americans? After some digging, I found out what was going on. The French paradox explains. He hits it with a thread. Moji. That's almost vintage. That's sort of, you know, 20, 2020 era million views. Banger 3.5 K. Like Americans spend $10,000 per year annually on health care, more than any other nation on earth. Meanwhile, the French spend far less while consuming dangerous amounts of saturated fat. So the common, you know, practice from the American Heart association is that saturated fats are dangerous. So things like cheese, butter, things like that you want to avoid. And we get cut off a little bit here. Our entire theory of cardiovascular health falls apart when we examine the data. Data. The French consume 10 to 16% of calories from saturated fat. That this is well above American guidelines of under 10%. So, you know, the American Health association and other groups, they, you know, specifically say, just keep your saturated fats under your 10, 10% of the total calories you consume. So their diet is rich in butter, cheese, and organ meats, yet their heart disease mortality is one of the lowest. I'm assuming we got cut off here. This demands an explanation. Um, and he highlights this in representative cross sectional surveys of the French population performed in 1986 and 1995. The saturated fat intake was 15% of the total energy intake in the first survey and 16% in the latter survey. The French show consistently lower markers in all five major cardiovascular risk factors. Systemic inflation levels, oxidative stress markers, platelet aggregation factors, blood pressure variability, insulin response pattern patterns. So Justin says, how is this possible? Well, when Americans say cheese and when the French say cheese, we're talking about different substances. American cheese under undergoes 18 plus processing steps, including emulsifiers, preservatives, and artificial colors. French cheese, it's milk culture, salt and time. That's it. So same pattern goes for it. Same pattern emerges for meat. When most American beef is fed with corn and soy, treated with hormones, processed with ammonia, and preserved with nitrate. But most French beef is grass fed, ages naturally and butchered locally. Even something as basic as yogurt tells a story. French yogurt, milk and bacterial cultures fermented slowly. American yogurt, modified cornstarch, artificial sweeteners, carrot carrageenan. Carrageenan. And 17 grams of added sugar. Then we wonder why our medical metabolic responses are different. So additionally, American meal patterns create a perfect storm of metabolic function. We eat quickly, often alone, and while stressed. The average American lunch break is 30 minutes. This reminds me when we just absolutely crushed some Aeron burritos before this. We just like absolutely house them. Like right after two hours.

Maybe after the show we'll have a two hour lunch.

Yeah, the French spent over two hours on lunch. Are you getting the picture yet? At the molecular level, French eating patterns enhance HDL cholesterol. Cholesterol and reduce oxidized ldl. But Americans taking reservatrol resveratrol supplements miss the point entirely.

Late. It's not about isolating compounds, it's a bite. It's about the entire eating context. The American obsession with healthy eating has paradoxically made us less healthy. Studies show we experience more stress around meals, leading to elevated cortisol and impaired nutrient absorption. The French enjoy their food and show better metabolic markers.

American food companies have tried capitalizing on this by creating French style products, but they've missed the fundamental point. You can't package the French paradox into a pill or processed food. Food. The benefits come from the entire eating pattern. And it says the most profound insight. American guilt around food creates physiological stress that impairs metabolism. The French derive pleasure from eating, which enhances vagal tone and improves nutrient partitioning. Enjoyment isn't just psychological, it's a biological necessity. The French paradox isn't really a paradox, but the failure of American reductionist approach to nutrition. We can't medicate our way out of lifestyle induced disease. The solution requires rethinking our entire relationship with food. So interesting. Very cool. Justin actually has a company called True Med and he, you know, he made his money in bone broth, him and his brother. And now he has a company called True Med that allows people to spend their HSA funds on, you know, healthy, healthy products that can improve their health. So clients, glad to see him hitting some viral posts on the timeline that are providing informative but powerful content.

Yeah, two hour lunch. Just the basics. Just lindy steak and cheese and butter and coffee and milk and red wine. What more do you need? Well, let's move on to a launch From Y Combinator, Pave Robotics is building tracer, the first fully autonomous road worker. Tracer autonomously, detectives detects, cleans, and seals asphalt cracks cheaper and faster and more efficiently than a human. And if you look at it, it's this cute little box robot that drives around painting asphalt down. And I, and I quote you to this and said, I call this type of innovation. Nat Friedman Punk or Freed Punk is this cute little, like, simple robot that just does one thing. It's very understandable. It's not trying to replace your job. It's just trying to, to, you know, just make the world a little bit better. I said, even if the Terminator apocalypse comes, this guy's going to be fighting along here alongside you for some reason.

Let's put a gun on it.

Let's put a gun on it. Yeah. Come on, guys. Let's see if we can throw a gun on this too. But I thought this was very funny. Very cool. Congrats to the team for launching. I also like that Jason Carmen chimes in with very cool. With, like, no period. And it feels like almost animus. It's like, ominous. It's like, very cool. Like, you know, know, expect a call from me. I'm making a documentary about this. Like, you will be hearing from me.

Coming.

I will be pointing a camera in your face and in. In a couple of weeks. So get ready. Very cool. I love that. Signal says, I got deep research to produce detailed reports on all of my enemies.

Proper utilization banger.

And then somebody says, how is the. How deep is the research if it's based on the very shallow public Internet information and signals? Like, it's a joke. Yeah, I didn't actually do this, but that's really, really hilarious. And yeah, you should definitely use deep research. Obviously, you got to give it some extra data, but, you know, very fun, Very fun. I mean, honestly, like, you know your enemies. If you're a startup, you should definitely go and have it produce detailed reports on your rival companies, the companies that you're trying to disrupt. You should understand the industry. Took me far too long to start reading the all, all the, all the full history of the big tobacco companies and really understand how they were built up. It was fascinating when I started learning all that stuff, but I didn't do it in 2016 when I started Lucy. It took a while, but it's really, really cool. Let's go to Shield Monot. He says, okay, which one of you did this? Sock two compliance license plate on a BMW. I don't know what car that is.

It looks like an M M series but it dropped the.

Is that. Yeah, it's newer.

Either way it looks fantastic and it sends the right signal.

Yeah.

That you are ready to sell Sock 2 compliance software to anybody. So if you're at a standstill on the 101, get out of your car and just walk around and try to sign up some people for your Sock2 compliance product. Yeah, that's a good, that's a good. We should actually, we should actually get, get technology brother license plate holders with Ad Quick and just make them free on the website.

Oh, that's good.

You can buy this if you strap it to your car and just drive around constantly and run ads for. For us and Ad Quick.

Okay, let's close out with two promoted posts. One is from Representative Tim Burchett. He says I'll be introducing the Cartel Mark and Reprisal Authorization act of 2025 which would authorize Trump to commission privately armed and equipped individuals or groups to seize persons or property of any cartel, cartel member or cartel linked organization. And so yeah, how are you going to make money off of this?

I mean it's obvious. Start organizing. I talked about last year, I said no big opportunity to make vertical SaaS for, for local militias. It'd be great if you could organize with your neighbors, have some sort of inventory management meeting planning stuff like that, messaging integrations, satellite comms set up. But no, this is cool. We want to see more citizen Batman style groups that just gang up and go take on render citizens rest. Yeah. Citizens rest are.

Or underrated. Potentially.

Potentially underrated.

I have no idea how this will play out. But let's.

I remember when, I remember when I was a kid hearing about citizens Arrest because it's just the idea as a kid that, that you could do the job of a cop is just like so hilarious. Like, oh, making citizens arrest.

Yeah. I actually have no idea how Citizens Rest works or if it's at all real. I should get a research report.

No, you basically arrest somebody and just yell I'm making a citizen's arrest.

It's just like up to them. You don't have any jurisdiction. But like if they fall for it.

They'Re all for it. They're under.

Then they have to wait until the coff comes. I like that.

Yeah.

And our last promoted post from Amman Resorts presented by Ad Quick.

Number one way to buy out of home ad inventory for your startup.

Yeah. Aman should run some ads on Ad Quick.

They should run an ad Quick billboard every half mile all the way out to Amangiri.

That'd be great.

Just buy up every single spot.

Yeah.

As a reminder for people that are going to Amangiri, hey, you got five miles left to go.

They should, you know, you know, people know that you're going there, they should buy the billboards as you're leaving saying thanks for stopping by. Yeah, you know, that's it.

And all the people that aren't going to the Amman get reminded. I could have been doing a cross country road trip. I'm going camping, you know.

So Aman says in the stillness of the pool and the dance of light on the surface, we can find a new sense of peace and perspective in the elevated spa surroundings of Amman, Tokyo. Looking out over the cityscape, the world retreats and all is quiet. So if you're looking for a getaway, head on over to Amman, Tokyo and tell them the technology brothers sent you last note.

We got a question in the chat from Daniel. Are you releasing any merch soon? The merch has been fully designed for a while.

Yeah.

But there's so much of it, so many individual products that it's actually taken.

A while more than we should shoot.

There's actually taking a while. We didn't, we didn't want to just come out with a, you know, a hat. No, I want to just do a polo.

It's all bizarre stuff too. It's not normal but it's very good. Very excited for it.

But it will be well worth the wait.

Yep.

And we can't wait to release it. Yeah, we did have some, so some.

The working capital of this business is going to be through the roof. We're going to have seven figures sitting on the inventory line item on, on the balance sheet. It's going to be rough for a while but you know, we're not going to be charging Temu merch. Yeah, this is high quality stuff.

We did get merch made for PMF or Die if you.

That happens quick.

If you go on the stream you can see they're, they're actually wearing, they're in the jumpsuit. Orange, orange jumpsuit.

So if you're looking for something to watch, head on over to PMF or Die. They are still live streaming. They will be live streaming for 90 days straight. There's now 20,000 people watching. So enjoy that and yeah, go check it out. Leave us 5 stars on Apple Podcasts, Spotify Pie and thanks for watching. We'll see you tomorrow.

Have a happy holiday.

If you're a president and you're listening as I imagine you are. Happy President's Day.

Happy President's Day, Obama. Underrated.