Big Fed rate cuts, AI killing call centers, $50B govt boondoggle, VC's rough years, Trump/Kamala

**Jason Calacanis** (0:00)
All right, everybody, welcome back to the All-In Podcast. The channel's been active.

**Chamath Palihapitiya** (0:06)
We're in the afterglow. We're in the All-In Summit afterglow.

**Jason Calacanis** (0:10)
It's so glowing that Friedberg couldn't make it. He has been riding a high.

**Chamath Palihapitiya** (0:16)
Nick told me that in the last week. We've only put out a half the clips, and they've already gotten 20 million views.

**Jason Calacanis** (0:23)
Oh, my lord. I, you know, I...

**Chamath Palihapitiya** (0:26)
We'll be around 50 million, I think, when all the clips are released, then you let it bake for a couple of months. That is an astoundingly large amount of reach. Yeah.

**Jason Calacanis** (0:36)
And that's just YouTube. We're not doing it on the podcast feed right now.

**Chamath Palihapitiya** (0:39)
YouTube and X.

**Jason Calacanis** (0:40)
Well, hopefully we get it on the podcast feed. We get another 50 million. But Friedberg's in his afterglow, couldn't make it, but he's very busy right now. Look how happy he is. The summit went well.

**Chamath Palihapitiya** (0:51)
Is that marijuana?

**Jason Calacanis** (0:53)
I think he's making potatoes. I think that's his farm. But I mean, the smile is incredible.

**Chamath Palihapitiya** (1:00)
It's marijuana. It's Friedberg's version of Foundermode.

**Jason Calacanis** (1:03)
He's in Foundermode. He did great.

**David Sacks** (1:37)
I mean, he really took charge of that.
He crushed it. He crushed it, yeah.

**Jason Calacanis** (1:42)
I would like to give him his flowers. Absolutely.

**Chamath Palihapitiya** (1:45)
It is like at least a trillion times better than the first and at least 50% better than the second.

**Jason Calacanis** (1:50)
I mean, that's how it should go. You know, when you create something in the world, Chamath, what you want to do is you want to hand it off to professional management to then scale it, right? Not everybody can do the creative act of actually forming something. And you need to have these operators to go and then execute your vision. And I just want to give Friedberg his flowers for executing incredibly well. We all play a role, Chamath. Sacks launched a tequila company. I want to say thanks to Friedberg. He did all of these great speakers. Big thank you to our CEO, John, who put together all the operations. Nick did incredible. Nick did incredible, incredible job with those opening graphics. They went viral.
Zach helped with the graphics. You had Young Spielberg chipping in. You had Laura did an amazing job with stage management. And of course, I focused on the moderation. I got a lot of great things. So everybody plays a role. You got Sacks with the tequila, Friedberg, Laura, Zack, Spielberg, Nick, John. Everybody brought something to the table. So congratulations to everybody.

**Chamath Palihapitiya** (2:57)
You scale through people.

**Jason Calacanis** (2:58)
That's it. Scale through people. That's it. Did anybody, nobody got the joke? Chamath, everybody contributed. You understand? Sacks, new tequila company, John, operations, your Friedberg content, me with being the world's greatest moderator up there.

**David Sacks** (3:16)
Well, it's Chamath's contribution.

**Jason Calacanis** (3:17)
Oh, yeah. Chamath showed up.

**Chamath Palihapitiya** (3:21)
Chamath looked great. I showed up.

**Jason Calacanis** (3:23)
That's just, he showed up and looked great.

**Chamath Palihapitiya** (3:25)
I brought my two votes and I brought my vision.

**Jason Calacanis** (3:28)
Absolutely. I would also say, Fan favorite. What you really did that was amazing was you took a lot of selfies. I was very proud of both of you with the fan service. The fans were very pleased that you guys took so many selfies. We got a lot of feedback too coming in. So it was pretty great feedback.

**David Sacks** (3:51)
Do you think that you did better as moderator because you finally let go of just the conference organization?

**Jason Calacanis** (3:59)
What do you think?

**David Sacks** (4:01)
Yeah, I think that you were able to focus on your unique value at instead of immersing yourself in a bunch of details that could be handled by the team.

**Jason Calacanis** (4:10)
I agree. It was absolutely fantastic.

**David Sacks** (4:12)
I think it was a process to get you to let go.

**Jason Calacanis** (4:15)
Well, it's a fair point. People did say my moderation was dialed in and I appreciate that positive feedback from everybody.
There is something to having people you can trust with the content.

**Chamath Palihapitiya** (4:28)
I saw your moderation was excellent this time. It was better than before because I think that you're actually exceptional as a moderator and I think you're mostly average as a conference producer. But I do think as a moderator, you're excellent. I mean, some of the most memorable moments were you basically drawing out contrasting opinions, and the way that the people engaged with them was so healthy and good. That was, I think, the recurring theme. So I gave you an enormous amount of credit. I think you did an exceptional job, but I also think it's because you were able to focus on what you're doing.