Red-pilled Billionaires, LA Fire Update, Newsom's Price Caps, TikTok Ban, Jobless MBAs

**SPEAKER_1** (0:00)
All right, everybody, welcome back to the All-In Podcast, the number one finance technology business and MAGA podcast in the world. Today is the Sultan of Science, David Friedberg, living a modern 1950s aesthetic lifestyle there.

**SPEAKER_2** (0:21)
This is the house of tomorrow, house of the future, at the original 1955 Tomorrowland at Disneyland.

**SPEAKER_3** (0:30)
Well, and you have a NASA hat on, this is amazing.

**SPEAKER_1** (0:32)
He's in full geek out mode.

**SPEAKER_2** (0:34)
Yeah, I told you guys about this haircut last week.

**SPEAKER_1** (0:37)
Oh, because you couldn't blow yourself properly.

**SPEAKER_3** (0:42)
I told you this would happen to you.

**SPEAKER_1** (0:43)
It's exactly what Chamath said would happen.

**SPEAKER_3** (0:46)
Look at the continuity.

**SPEAKER_1** (0:47)
He told you you could never match the blow you got last week, and here we are.

**SPEAKER_2** (0:52)
I did my best.

**SPEAKER_1** (0:53)
I mean, it looks ridiculous, but stylish in a way. And with us again, your chairman dictator, Chamath Palihapitiya. He's ready to go to the inauguration and take his victory lap and take an enormous amount of credit. Chamath, are you looking forward to your victory lap?

**SPEAKER_3** (1:12)
I was in Florida earlier this week. I came all the way back so that I could play poker with my friends and see my family and children. And I'll be flying all the way back out tomorrow morning.

**SPEAKER_1** (1:22)
Were you at Mar-a-Lago?

**SPEAKER_3** (1:24)
No, I was with my friend in an undisclosed location.

**SPEAKER_1** (1:29)
With a friend in an undisclosed location. Okay, sounds great. And joining us for the first time, one of my oldest friends, Mr. Mark Pincus, or as we like to say, Marcus Pincus.

**SPEAKER_3** (1:41)
Why do you always take credit for these guests being only your friends?

**SPEAKER_2** (1:46)
The rest of us are the ones that call them and are like, hey, do you want to come on the show? And then you're like, I'm my old friend.

**SPEAKER_3** (1:49)
Who's my old Pincus longer than you?

**SPEAKER_1** (1:52)
I don't know about that.

**SPEAKER_4** (1:53)
Is that true? Back to like AOL?

**SPEAKER_3** (1:55)
Yeah.

**SPEAKER_4** (1:56)
Well, we met when you were doing Silicon Alley, right?

**SPEAKER_1** (2:00)
I'm a reporter, yeah, in the Natives.

**SPEAKER_2** (2:01)
I've been collecting rent from Mark Pincus for the last year.

**SPEAKER_4** (2:05)
That's true. My landlord.

**SPEAKER_3** (2:06)
You should whistle blow on Friedberg to Gavin's gouging police and see if you can get something.

**SPEAKER_4** (2:30)
We'll get right to that in a minute.

**SPEAKER_1** (2:32)
The price couch continues.

**SPEAKER_3** (2:33)
If our viewers had to vote on who is most likely to price gouge, it's 100 percent Friedberg.

**SPEAKER_1** (2:38)
Thousand percent.

**SPEAKER_4** (2:39)
But let's be clear, the real gouging is the Presidio Trust, who's charging an amazingly high rent, like over $100 a foot, and then Friedberg was actually giving me a pretty good deal.

**SPEAKER_2** (2:50)
He was getting a pretty good deal. I was paying like $130 a foot or something, $120, $130 a foot All-In for real estate and the Presidio, and we just weren't using the space, but it is the most expensive real estate. It is nuts.

**SPEAKER_1** (3:02)
That is quite an office, man, Lord.

**SPEAKER_2** (3:04)
The Presidio Trust manages that federal land, and they get to keep all the money and reinvest it. It's probably the only profitable operation in the federal government.

**SPEAKER_4** (3:13)
I used to be on the board, so I saw it close up, and they reinvest in things like restoring natural habitats, cutting down eucalyptus trees, archeological digs.

**SPEAKER_1** (3:28)
It was really interesting. I looked at one of those houses to rent when I was first moving up to San Francisco, and the only problem with those houses, they had these gorgeous houses that were like the generals' houses, like three, four, five bedrooms, but they would have one bathroom for four rooms. And I'm like, can you put another bathroom in? Cannot change anything. These are historic privileges, so, you know, historic landmarks. Mark did Freeloader, Tribe, Social Network back in the day, support.com. And if you wasted some portion of your youth playing Farmville, he was one of the original app creators or Zynga Poker, which famously he said, hey, would you like to be an investor in Zynga Poker? And I said, how does it work? He said, oh, well, you play for virtual coins. And I said, Mark, this is the stupidest thing I've ever heard. You've taken all of the money out of the game. It's never going to work. And of course, he turned it into a multi-billion dollar company. And that was another $25 million angel investment miss on my part.