100 Billion Bezos, SMCI Fully Sends GPUs (To China), Reddit CEO Joins | R.F. Kenmore, Mitch Lee, Bucky Moore, Steve Huffman, Quaid Walker, Ankur Jain, Michael Kratsios

**Jordi Hays** (0:00)
You're watching TBPN.

**John Coogan** (0:02)
Today is Friday, March 20th, 2026 We are live from the TBPN Ultra Room, the Temple of Technology, the Fortress of Finance, the Capital. Let me tell you about ramp.com. Time is money, save both, easy to use corporate cards, Bill Kay, accounting, and a whole lot more all in one place. We have a massive show, two in-person guests today. Let's pull up Linear lineup. Linear, of course, is the system for modern software development enterprise. 70% of enterprise workspace is on Linear using agents. We have RF Ken Moore from the menswear industry, Insider.

**Jordi Hays** (0:33)
No, he just is a menswear.

**John Coogan** (0:35)
He's an insider of the menswear industry. Critic. Mitch Lee from Arc Boats is coming on. Bucky Moore is coming in person from Lightspeed. Steve Huffman, the co-founder and CEO of Reddits, coming on. Then Quaid from Basel, who you know and love. He's been on the show many times. Ankur Jain from Bilt is coming on to talk about credit cards, consumer cards, all the fintech stuff he's working on. And then Michael Kratsios from the White House, he's the science and technology advisor, is coming on to talk about the new policy proposals that the White House has put forward around artificial intelligence. But first, I wanted to chat more about the breaking news from yesterday. Jeff Bezos is in talks to raise $100 billion for an AI manufacturing fund. There was a funny post that was like, he has $200 billion, why does he need to raise more money?

**Jordi Hays** (1:24)
No conviction? No conviction?

**John Coogan** (1:26)
Oh yeah.

**Jordi Hays** (1:28)
It was funny, this broke containment and got into kind of the anti-capitalist part of X and they were like, wait, why are you asking people for money, you have all the money.

**John Coogan** (1:39)
Yeah, yeah.

**Jordi Hays** (1:40)
But of course.

**John Coogan** (1:42)
But of course.

**Jordi Hays** (1:44)
He wants to let other people in on the action.

**John Coogan** (1:47)
I do wonder what his like GP commit will be.

**Jordi Hays** (1:49)
That's what I was saying yesterday, I was like, I would expect him to be like, yeah, I'm good for 20

**John Coogan** (1:53)
Yeah, 20 or 30 or something like that. I don't know, maybe he'll go even longer. But in general, I think the idea of going around the globe, because he's an international person at this point, hoovering up money from all over different sovereign wealth funds, and then deploying that to help rebuild the American manufacturing base is a good thing. I wrote about it today in the newsletter, tbpn.com, and I also tried to do some searching and think about, what do you actually buy for $100 billion? What does a portfolio look like if it's a private equity style roll up? If you're just taking out the market caps and you're sort of assuming the debt and continue to operate the business, but then bring more efficiency to bear, what are some of the top options?
What do some of the options look like?

**Jordi Hays** (2:40)
The other thing is I saw a very viral post about someone that seemingly read the headline and thought, don't you have enough money already to buy all these companies and fire? Like they saw automation and they just assumed job loss. And when I look at this, I'm like, okay, if he's successful, we will actually start adding a bunch of new manufacturing jobs, which we've been shedding over the last year.

**John Coogan** (3:09)
Yeah, yeah, yeah, exactly. So headline number's funny. If he had done 99 billion or 101 billion, I don't think people would be making as many SoftBank comparisons, but of course, as soon as you hear $100 billion for a mega fund, you instantly think of SoftBank. He's got vision. It's a vision fund for America. I like the idea of an American SoftBank, of an American Vision Fund. So I'm generally pro. But of course, people are going to make comparisons to SoftBank, which has had some huge winners and a few black eyes. Moss is a high vol guy. He's been the world's richest man briefly during the.com boom. It was reported that he was worth more than Bill Gates. It was pretty temporary, unclear exactly how much. Of course, there was no liquidity at the time. But he's also held the crown for the man who lost the most money in human history after losing $76 billion in two years.
You're supposed to do the wah-wah for that. But he made it all back.

**Jordi Hays** (4:06)
I was preemptively hitting it.

**John Coogan** (4:07)