E152: Real estate chaos, WeWork bankruptcy, Biden regulates AI, Ukraine's "Cronkite Moment" & more artwork

E152: Real estate chaos, WeWork bankruptcy, Biden regulates AI, Ukraine's "Cronkite Moment" & more

All-In with Chamath, Jason, Sacks & Friedberg

November 3, 2023

(0:00) Bestie intros, All-In CEO talk, and Chamath's research product (10:49) Ukraine has its "Cronkite Moment" (16:56) Market outlook: are we in for a Q4 rally?
Speakers: Jason Calacanis, Chamath Palihapitiya, David Sacks, Sean
**Jason Calacanis** (0:00)
Hey, everybody, welcome to another episode of The All-In Pod. The notorious threesome is here during the show solo today. Threesome.

**Chamath Palihapitiya** (0:08)
Thruple. It's a thruple.

**Jason Calacanis** (0:10)
It's a thruple. We have a thruple.

**David Sacks** (0:11)
I think it's more like a cuddle puddle.

**Jason Calacanis** (0:14)
Okay. The dictator, Chamath Palihapitiya, Rain Man David Sacks, Sultan of Science, Dave Friedberg, happy to be here with you guys today. We are absent.
J Cal, taking the week off. Any other housekeeping?

**Chamath Palihapitiya** (0:28)
Let's do it. Let's jump into it.

**David Sacks** (0:30)
Well, you announced that we're going to hire a CEO, right?

**Chamath Palihapitiya** (0:33)
Oh, let's talk about that. How's it going? Friedberg in our CEO search.

**Jason Calacanis** (0:37)
Okay. I got to admit, I've had a few conversations, but I got to get through the list.
There are 240 applicants so far. Wow. And there's some really like great people in there. So we need to figure out how we're going to manage this. But I think we're pretty excited.

**David Sacks** (0:54)
I can't believe so many people want to work for us. That's insane.

**Jason Calacanis** (0:57)
There's some really great folks. I think the Chamath, you posted it. And people were pretty positive, right? Generally positive, not everyone, but generally.

**Chamath Palihapitiya** (1:04)
It was really positive. Yeah, I mean, I think that people were very excited about the fact that we were going to try to kind of like professionalize this a little bit more.

**Jason Calacanis** (1:14)
So let's just talk about that. We did the All-In Summit in September. We thought it went really well. Folks really enjoyed it. The survey data, the folks that attended was really positive. So we want to do that and do more of that live in-person stuff.
We all have full-time jobs and other things to do. So we need someone to come and run this as a business and organize it and carry it forward a little bit for us. And so we're really excited to hopefully get someone that can scale this.
No ads ever, no subscription fees, nothing's going to change about the pod.

**David Sacks** (1:49)
So it's a media and events business, and it might become a CPG business as well, meaning, was it CPG's consumer packaged goods?

**Jason Calacanis** (1:57)
That's right, Sacks, you are.

**Chamath Palihapitiya** (2:00)
That is the correct use of the acronym, David. Congratulations.

**Jason Calacanis** (2:04)
Your first product would be what, tequila?

**David Sacks** (2:07)
I would do like a tequila or like a hard seltzer, something like that. That seems to be a big growth category.
Or we could figure out something very orthogonal. I mean, Mr. Beast did candy bars and we found out at The All-In Summit that he's doing something like 250 million a year in revenue, growing very fast.

**Chamath Palihapitiya** (2:24)
Yeah, we could do Sacks nuts.

**David Sacks** (2:27)
The Sacks nuts would be too big to eat. You wouldn't be able to fit them in your mouth, Chamath.

**Chamath Palihapitiya** (2:31)
They'd just be old and salty.
Well, I think the other thing that's worth figuring out is this idea of like, what is the community really look like? I think that's the biggest, that's the biggest upside for the CEO is like, is it physical places like Zero Bond or is it virtual sort of like community oriented things? Is it some combination of the two?
I'm really interested in trying to figure that out and what answer they come up with. Then the other thing that I would really like to experiment with quite honestly is, if we could do a little bit of a tour, I just think it would be super fun to kind of go to like five or 10 cities and just kind of like crash those places and have like a big get together and talk to people and do a big Q&A. I think the thing that is really fun is just the interactive Q&A just because it allows everybody to get involved and then to be able to do dinners with each other. And like, there's just a really amazing community. So that person should be able to figure this out. I don't know the answer to it, but I'm hoping they figure that out.

**David Sacks** (3:49)
We should give a shout out to the guy who did the interview video or submitted.
Do you see that? It's like a four minute video that somebody submitted his application by video on X.

**Jason Calacanis** (4:02)
I think I was on his podcast, Sean.

**David Sacks** (4:04)
You were?

**Jason Calacanis** (4:05)
I was on his podcast like a year and a half ago, I think.

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