E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee

**Jason Calacanis** (0:00)
I can't see what's on your hat. What does it say? SuperGut?

**David Friedberg** (0:02)
One of my most exciting companies called Ohalo.

**Jason Calacanis** (0:05)
Oh, Mahalo. I still have mahalo.com.

**David Friedberg** (0:07)
No, not Mahalo. Unrelated, completely unrelated, nothing whatsoever to do with Mahalo. I remember Mahalo, great product.
Sorry, it didn't become like it.

**Jason Calacanis** (0:16)
Going up against, we were making $10 million in revenue at the peak.

**David Friedberg** (0:21)
Yeah.

**Jason Calacanis** (0:21)
Had 100 people writing human curated search result pages.

**David Friedberg** (0:26)
Look at Chachi.

**Jason Calacanis** (0:27)
He's doing so well.

**David Friedberg** (0:28)
You're a great guy to reference the Chachi PT thing, coming out of that.

**Jason Calacanis** (0:32)
Well, then what happened was they did the Panda Update, and we went from 10 million down to 500,000 in revenue overnight.

**David Friedberg** (0:39)
What was the Panda Update?

**Jason Calacanis** (0:40)
They looked at who the top sites were, eHow, Mahalo, et cetera. They just said, nobody can get any more than this amount of traffic, and they literally throttled the number of unique users they would send to you.
That was it, game over. And then everybody I knew at Google wouldn't return my emails. And they were like, we don't have partnerships with anybody. That's what Matt Cutts told me.

**Chamath Palihapitiya** (1:04)
Are you saying that Mahalo's lack of success had nothing to do with the poor product and sh** execution? It was Google's malfeasance?

**Jason Calacanis** (1:12)
It got really rave reviews. It was backed by Sequoia.

**Chamath Palihapitiya** (1:14)
It's sort of the movie, but it sucks.

**Jason Calacanis** (1:17)
You know, when you build a company that gets to 10 million in revenue in 18 months, you can talk Chamath, but basically looking at your resume here, I see that you've created nothing in your entire career.
When you get in the arena and you actually build a product, then you can talk to me. I had the number one blog in the world, one of the top five tech magazines in the world, and this is the number one tech and business podcast in the world.

**Chamath Palihapitiya** (1:39)
I touched a soft spot. I got to the warm underbelly there.

**David Friedberg** (1:42)
J Cal so rarely goes after Chamath when he does. It's just gold.

**Chamath Palihapitiya** (1:46)
It's incredible.

**Jason Calacanis** (1:48)
You're talking to three founders here, Chamath.
You're the odd person out. So when you want to talk about product, then make one.

**David Friedberg** (1:54)
Okay.

**Chamath Palihapitiya** (1:55)
So gross and yet I'm the richest and so tilting. I must tilt you.

**Jason Calacanis** (1:59)
Totally fine. So is Kim Jong Un. So is Putin.

**Chamath Palihapitiya** (2:02)
Okay.

**Jason Calacanis** (2:02)
There's a lot of rich people in the world, but these are three product. Okay, dictator. There's your cold open. Let's go.
Alright, let's get started.
Everybody. It's been a big week. There's a lot to talk about. It might be a little bit of a controversial spicy agenda today here on the All-In Podcast with me again. The sultan of science, who is tearing up the YouTube comments, everybody asking the sultan of silence to contribute more and to speak more. But when he does speak, my lord, he drops those knowledge bombs. How you doing, sultan of science?

**David Friedberg** (2:50)
I'm hanging in there.

**Jason Calacanis** (2:51)
You're hanging in there.

**David Friedberg** (2:52)
Okay, well, I'm hanging in there.

**Jason Calacanis** (2:54)
Man a few words, I guess. Hanging in there. Okay, great.
With us again, of course, another Android, David Sacks. Sacks, how are you doing?

**David Sacks** (3:02)
I am doing fine. How are you? Wait, let me ask GPT, what's the question?

**Jason Calacanis** (3:08)
How are you doing?

**David Sacks** (3:09)
Let me ask it, hold on, let me see what it says.

**Jason Calacanis** (3:11)
I mean, basically, ChadGPT4 is the ultimate Asperger's equalizer. You guys are going to benefit most from this.

**David Sacks** (3:18)
I asked it, how are you? It says, as an AI language model, I don't have feelings or consciousness, so I don't experience emotions or states of being like a human does. However, I'm here and ready to help you with any questions or topics you'd like to discuss.
How can I assist you today?

**Jason Calacanis** (3:32)
That's pretty similar to how you feel, except you don't offer to help anybody. Okay, also with us is the dictator himself.

**David Sacks** (3:39)
We're here to talk about topics.

**Jason Calacanis** (3:40)
Looking forward to today's episode. And with us, the dictator with a shockingly, shockingly low cut.

**Chamath Palihapitiya** (3:47)