E130: DeSantis's Twitter Spaces, debt ceiling, Nvidia rips, state of VC, startup failure & more

**Jason Calacanis** (0:00)
Look at John Quincy Adams here.

**Chamath Palihapitiya** (0:01)
Yeah. Hey, Quincy, how you doing?

**Jason Calacanis** (0:04)
Bad hair. Look at that hair.

**David Sacks** (0:07)
John Quincy Adams needed a wig to achieve this look.

**Chamath Palihapitiya** (0:09)
He did. He did.

**David Sacks** (0:10)
I did it all natural.

**Jason Calacanis** (0:11)
I mean, it's a lot. It's a look. You're like some movie star from the 1970s who's still working. Do me a favor, pull up a picture of Graydon Carter for a second and then put that side by side with Sacks. Let's see. Just zoom in on that.
Sacks, this is where you're headed by the way. You're headed to crazy town.
This is where you're headed. You can just poof it out on the sides and you get a little woof swoop on the top.

**Chamath Palihapitiya** (0:34)
Crazy town.

**Jason Calacanis** (0:35)
This is where you're headed. Eccentric Sacks.
Pull up a picture of Steve Bannon's hair.

**Chamath Palihapitiya** (0:41)
He's a wise statesman.

**Jason Calacanis** (0:42)
I think this is what happens when you get too close to power, you get more eccentric with your hair. Too much power equals crazy hair. Now, look, this is my theory. Graydon Carter, too much power of Vanity Fair, he went hair crazy. Now, you look at Bannon.
You get me a Bannon photo here. You start to see they go longer, they go wafty, they just get volume, and they're just like, fuck it, I'm not going to cut it. I'm going to let it go wild. And of course, the old, I mean, he's the penultimate, but you look at Trump's hair, this is where it gets truly crazy. This is where you're headed, Sacks.
You keep getting this close to power, this is where your hair is headed.

**Chamath Palihapitiya** (1:19)
I'm so glad this podcast never broke up, because where would we get this amazing insight from J Cal, if not for keeping this all together? This makes it all worth it.

**Jason Calacanis** (1:28)
It's very true.
It is true. You get eccentric and you get crazy hair. This is men get too close to power, and the hair gets wild. Unchecked power, unchecked hair.

**Chamath Palihapitiya** (1:38)
We had a good meeting last night.

**Jason Calacanis** (1:39)
We had an All-In Summit meeting. I said, Friedberg, give me a call. Let's catch up on this stuff. He's like, I'm in the bath right now with my candles.
And I'm like, yeah, okay, whatever. That's cool. He's like, no, no. And he presses the video button. And then I'm exposed, I kid you not, to the most bubbles I've ever seen in a bubble bath.

**Chamath Palihapitiya** (1:57)
I like bubbles.

**Jason Calacanis** (1:58)
And he is peeking his head out from over the bubbles. And he's like, look.

**David Sacks** (2:03)
Which head?

**Jason Calacanis** (2:04)
Exactly. And then he flips the camera around. And I got his toes pointing out. And I kid you not, there's six candles around the bathtub.
I'm like, this is like the Prince of Panic Attacks. He had to come down for his phone call with me. So now when he has a phone call with me, it's so intense. And everything's getting so intense with the summit that he has to do self-care.

**Chamath Palihapitiya** (2:24)
Yeah, I have to be emotionally ready.

**Jason Calacanis** (2:26)
He's self-caring.

**David Sacks** (2:28)
Your wife wasn't anywhere to be found, such as you, in the bathtub with the candles?

**Chamath Palihapitiya** (2:32)
I take a bath every night.

**David Sacks** (2:33)
Who are you romancing? Yourself or what?

**Jason Calacanis** (2:36)
I think he was romancing the spreadsheet with the profit lie of All-In Summit.

**Chamath Palihapitiya** (2:40)
I have about 18 minutes of self-care every day.

**Jason Calacanis** (2:42)
18 seconds, man. All right, let's get the show started in three, two...
Hey, everybody. Welcome to episode 130, maybe, of the All-In Podcast. We're still here cooking with oil with me, of course, the dictator himself, Chamath Palihapitiya, Principatic Attack Sultan of Science, the Queen of Quinoa, David Friedberg, and the power broker himself, the emperor, David Sacks, the emperor of his new republic.
Anybody have anything going on interesting this week? Any interesting moments for people on the national stage?
Okay, let's get right up into the docket. First around the docket, Ron DeSantis, Governor Ron DeSantis, announced his bid on the internet on something called Twitter Spaces. And it looks like almost 10 million viewers have seen it so far across all the different spaces, and Donald Trump wasn't too pleased. He said, Rob, my big red button is bigger, better, stronger, and it's working, truth, because when Elon fired up the Twitter Spaces, it went to 650,000 viewers in under five minutes and then blew up everybody's phones. My phone was melting. I could have cooked an egg on the back of it. The Twitter app crashed so many times. But then Sacks, with his meager following of a half million people or something, then restarted the stream. And so 15 minutes of technical snafus were relieved. And then there was an announcement, and I'll let you take it from there, Sacks.