E26: State of Venture Capital, plus fan questions on longevity, decentralization & quantum computing

**Jason Calacanis** (0:00)
Sacks, is there something you object to here, the poker one and Net Worth?

**David Sacks** (0:02)
No, I mean, it's fine. I don't give a shit about longevity or quantum computing, but...

**Jason Calacanis** (0:07)
Here's the good news, David.
It's not all about you. There's four people on the show. You could have two people who like the topic, and then you could just ask them a probing question.

**David Sacks** (0:16)
It's fine. It's fine. Just tell me when it's over.

**Jason Calacanis** (0:18)
I'll do email.
Hey, everybody. Hey, everybody. Welcome to the All-In Podcast. I'm Jason Calacanis, and with us today again, the queen of quinoa, David Friedberg, Sans, his dog, in the background. Sorry for those of you who love his dog.

**David Friedberg** (0:56)
He's on a walk. He'll be back in like 10 minutes.

**Jason Calacanis** (0:58)
He'll be back, and he'll be in the seat. And the Rain Man himself, David Sacks, ultra focused on SaaS and marketplace startups, and involved in some illegal trafficking of red pills straight up from Honduras to Cuba and then through Miami, making the red pills making their way to California.
And finally, daddy's back, the SPAC master himself, Bestie C, the dictator is back.

**Chamath Palihapitiya** (1:30)
Back account replenished.
He'll be re-billionized. Firing on all cylinders.

**Jason Calacanis** (1:36)
Oh, so, so, you know, live by the SPAC, die by the SPAC. That's what they always say in this business. But you know what? We have been absolutely inundated with, I kid you not, hundreds of questions from you, our loyal audience.
And when this thing is over, we are going on world tour. We'll see you in Vegas. We'll see you in at the Royal Albert Hall in London and Miami.
All cities are on the agenda. Let's take our first question from you, the audience. To what extent are you guys interested in this?

**David Friedberg** (2:07)
Wait, wait, how's everyone doing?

**Jason Calacanis** (2:09)
I thought we'd get into the questions, but how's our, I mean, look at this guy. He got his ass kicked and he's back.

**Chamath Palihapitiya** (2:14)
I'm doing really, really great. What about the rest of you guys?

**David Friedberg** (2:17)
You guys played poker this week? We played poker.

**Chamath Palihapitiya** (2:20)
It was a bloodbath. Well, although, you know, it's so funny because like we played, I played a very big game the week before and then we step into our game, which is like, I think still quite big, but I could not rub two cards together to make a hand and I, I went off like a rocket ship.
I just lost it somewhere along the way.

**Jason Calacanis** (2:39)
And just despite that, despite that, every time I, Chamath and I were heads up at a hand, he just smashed it. Absolutely smashed me. And then I was like, you know what? I'm not going to be bullied anymore. And then I stand up to him and he's got the nuts each time.
I was down to...

**Chamath Palihapitiya** (2:54)
I did, Jay Cal, I did run you over. I mean, the number of just complete bluffs I ran on you. Oh, that's crazy.

**Jason Calacanis** (3:01)
And I'm just like, he's totally got my number tonight.

**Chamath Palihapitiya** (3:03)
Bluff after bluff after bluff after bluff. And then I showed him the nuts five times in a row.

**Jason Calacanis** (3:07)
It was beautiful. So I'm stuck a Model Y and I come back and I win a used Prius. I'm just leaving it at that.

**Chamath Palihapitiya** (3:15)
I lost the mid-sized home in Phoenix, Arizona.

**Jason Calacanis** (3:19)
I think you lost to Bentley. Okay. Don't cancel us.
Please, Sacks.

**David Friedberg** (3:24)
Sacks, did you play?

**David Sacks** (3:25)
I wasn't there in that game, but I played in a LA game a couple of nights ago. Any celebrities?

**Chamath Palihapitiya** (3:32)
Yeah, me, me, Sacks. Oh God, you guys don't count as celebrities, you're podcasters. No, there was one unnamed celebrity we can't say.

**Jason Calacanis** (3:39)
An actor?

**Chamath Palihapitiya** (3:40)
No, we can't say, but we all won.

**Jason Calacanis** (3:44)
An athlete, okay.

**David Sacks** (3:45)
Yeah, I won in that game, but I lost in a different game this past week and it wasn't pretty.

**Chamath Palihapitiya** (3:52)
Wait, Sacks, Sacks, are you an a**hole?

**David Friedberg** (3:53)
What game are you playing?

**Jason Calacanis** (3:54)
Yeah. I think he may be playing.

**David Sacks** (3:56)
Actually, I mean, beep that out, would you, Nick?

**Jason Calacanis** (4:00)
Beep it out, but we can all laugh at him for being so precious. Oh, I'm sorry, do you LPs think you're supposed to be in San Francisco investing in startups?