Bestie 年度大奖：回顾 2023 年的最好与最糟

Jason Calacanis (00:00:00): Alright, everybody. Welcome back. It is our 4th annual bestie Awards. Yes. Everybody is incredibly excited to hear. The biggest winners in politics and losers in business, best science breakthrough, so many amazing categories. With me again, chairman, dictator, Chamath, Palihapitiya, are Billionaire. Pock. Welcome back to the program, Shamoff. Bock. BIPock. That's what I David, Billionaire Pock. David Sacks (00:00:25): Billionaire percent color. Jason Calacanis (00:00:27): Yes. Please get it right. And running the all in DEI group, the rain man himself, David Sacks. Welcome back to the program. David Sacks (00:00:34): Good to be here. Jason Calacanis (00:00:35): Okay. And the Sultan of Science. Welcome back to the program. Are you ready with your selections, gentlemen? Are we ready to do this? David Friedberg (00:00:42): Jay Cal, this is the holiday episode. You gotta have a little more cheer. This isn't all business, dude. David Sacks (00:00:47): Cue the music, Nick. Jason Calacanis (00:00:49): 3, 2, Yes. And here we are. Everybody back again for the 2023 bestie awards. This is where everybody goes crazy. Oh my god. Standing Ovation. David Friedberg (00:01:05): Hold on. Who's drinking some champagne with me? I need some Jason Calacanis (00:01:07): champagne popping. David Friedberg (00:01:08): What are you guys drinking? Jason Calacanis (00:01:09): These are the awards. Everybody wants to know who's gonna be a winner. David Sacks (00:01:12): You're right. I need a drink. Hold on. Jason Calacanis (00:01:14): He needs a drink for this. David Friedberg (00:01:15): Need a drink too. Can you can I go get a drink? Hang on. Jason Calacanis (00:01:17): Everybody gets drinking, loosening up. Chamath Palihapitiya (00:01:19): I'm at my office. I don't have alcohol here. Jason Calacanis (00:01:21): Look at your second draw. To let your winter ride. Rainman, David Sachs. And I Speaker 5 (00:01:31): said, we open Alright, everybody. Jason Calacanis (00:01:40): Welcome to the bestie Awards for 2023. What are you drinking? I got a little Vove Clico. You know, I love that. Chamath Palihapitiya (00:01:46): Are you David Friedberg (00:01:46): actually gonna drink it? Jason Calacanis (00:01:48): You know, I people don't know this about me, but that was, my beverage of choice was the old Vovico when I would go out in New York. What have you got there, Sacks? What are you drinking for the 2023 best of the awards? What are you drinking? David Sacks (00:02:00): I'm drinking my classes, Ol repisado. And, the glass with a single big rock, and I broke off my, patriotic, great seal in the United States. Class. Jason Calacanis (00:02:12): This is a tribute to the border. You got a little bit of Mexico, a little bit of the United States. And is it flowing between the border and you? Is that it? It's open border now. David Sacks (00:02:22): This point. Gotcha. Jason Calacanis (00:02:23): Okay. Just flooding in. Yeah. Chwath, you're not drinking. You're at the office. Friedberg. Chamath Palihapitiya (00:02:29): I mean, I didn't I didn't plan. I brought my props to wish everybody happy holidays. Oh, nice. Beautiful. And this is this sweater. Amazing. Jason Calacanis (00:02:38): Friedberg, everybody knows that you're a a quiet solo drinker in your darkest hours. David Friedberg (00:02:42): What are you drinking? There's Jason Calacanis (00:02:44): no surprises there. What are David Friedberg (00:02:46): you drinking? Jason Calacanis (00:02:47): I'm always drinking what David Friedberg (00:02:48): I gotta hang out with you, Jake. How? I'm drinking a Victoria beer. Victoria is David Sacks (00:02:52): true. Yeah. Jason Calacanis (00:02:53): I David Sacks (00:02:53): don't think you hang out with Jake. How sober do you? Jason Calacanis (00:02:56): Oh, everybody. There it is. Woo. Excellent. Yeah. We've got the. Unfortunately, at my ski house, I can't find the flute. So I'm gonna put this in a wine glass. Sorry for the Sacks. But cheers. Here's another amazing year of the all in podcast and the best he's saying. Yeah. Cheers. David Friedberg (00:03:11): You wanna say two words, Jake? Like, maybe in memoriam of the year? Jason Calacanis (00:03:16): Yes. Working with you guys has been delightful, miserable, and everything in between. Congratulations on all of our success. And, here's to an amazing 2024. And, hopefully, we find a CEO, and we can keep this thing going for another 150 or so episodes. Nobody thought we would get here. Everybody hates us for our success and the hits and the haters. Love you besties. Cheers. Well, David Sacks (00:03:41): I I would like to make a toast. David Friedberg (00:03:43): Here we go. David Sacks (00:03:44): Here is to 3 of the most talented, warm, friendly guys, and Jason. Jason Calacanis (00:03:54): Yeah. It was coming. And that junk format from me. I just went to that one. I just went to misdirection. Don't ever forget it, brother. Alright. Well, to 3 of the most sincere, heartfelt, intelligent, loving individuals, and David Sacks, Welcome to the program. I'll Sacks your time up here for you. Let's just get to it. We're gonna give our 2023 award for the biggest winner in politics last year. Chamath, you said that your prediction for 2023. Now we're gonna give the war for 2033. But in our predictions episode last year, you said you were long, Nikki Ali in short DeSantis. What a prescient call What do you have this year? Chamath Palihapitiya (00:04:35): That's bread trade paid off in spades? Yeah. Buck spread. Looking back, I think the biggest political winner was Donald Trump. Okay. I think that the document's case galvanized his leadership in the Republican nomination, and I think that this move by the Colorado Supreme Court basically sealed the deal. I think he is going to run away with the Republican nomination. And barring some catastrophic meltdown has a better chance to get into the white house than before the Colorado case. So he was the biggest political winner, I think, of 2023. It just seems to me that if I had to really put it in a nutshell, I think that the the dems in this weird way actually want Trump back in office more than the Republicans do because everything they've done has been near sighted and I think has actually galvanized his support and increased his popularity and his ability to fundraise. More than anything else. Friedberg, Jason Calacanis (00:05:42): who is your biggest political winner of 2023? Who did I give it to last year? Do you do you remember? You gave it to MBS and Saudi that they would have the your prediction was they would have the most report here in the What? But in some ways, I think they are center stage. David Friedberg (00:05:59): That's what I Chamath Palihapitiya (00:06:00): thought. Yeah. So I David Friedberg (00:06:01): am giving my biggest winner. I'm giving my biggest political winner award to the nation state of Saudi Arabia. Jason Calacanis (00:06:07): Oh, wow. David Friedberg (00:06:07): Like, they are sitting in the middle of the US, China, Iran, Israel, Russia, they have relations with all of those nations and relations where they are trying to be productive. Extraordinary leverage with both their capital their geographic positioning and their energy resourcing and painting a very positive future on how they want to reinvest their capital and modernize the country. And I think one of the biggest coups that they pulled this year was turning Jay Cal to being a big promoter of Saudi after his visit to the Middle East. And so I think they're entering 2024 with great strength and leverage So I give them credit for writing out many storms this year and coming out ahead. So it's just it's been interesting to watch. I'm not I'm not close or tied to them in any way, but I just think from a global leverage point of view, they seem to be in a very strong place. So that's my Yeah. Chamath Palihapitiya (00:07:01): My reward. Jason Calacanis (00:07:02): I can't disagree with you that the place has made incredible progress. Personal Friedberg, economic freedoms. The the the country is evolving and embracing every country on the planet. Right? So you you have to take that as a win. I have no business interest there, but I I am impressed with the progress. So Sacks that means it's your turn to give a short 2023 biggest winner. David Sacks (00:07:29): My biggest winner in politics Jake, how I think you'll like this one is abortion rights. Jason Calacanis (00:07:34): Abortion rights. Abortion rights. David Sacks (00:07:35): After abortion rights, after Dobbs, abortion rights are winning on every battle where they're at issue. It's one referendum in very red states like Kansas, Kentucky, Montana, and Ohio. It swung legislatures to the dems and swing states like Michigan, Pennsylvania, and Virginia. It swung states from court races in Pennsylvania, Wisconsin. I'd go so far as to say it's the Democrats only winning issue, and they are putting it on the ballot of where they can. Ruth Bader Ginsburg pointed out around 30 years ago that we likely could have reached this resolution, decades ago, if the courts hadn't stolen the issue from the political process because abortion rights were in the process of being liberalized everywhere. And in my view, the political process is messy, but It's how we finally moved past the issue as a nation, which is why I think Dobbs was the right decision, even if it was a difficult one. Jason Calacanis (00:08:26): Interesting. So you are Smoothing over, Trump's taking away the right for women to choose and saying that this is a net positive for the country. If I'm reading it correctly. David Sacks (00:08:37): Well, Trump didn't take anything away. That's true. Well, Jason Calacanis (00:08:40): he placed it with people David Sacks (00:08:41): who blew it. This is going on. Not I just explained it. You're not listening. Stream court gave the issue back to the democratic process. The democratic process is now voting to maintain abortion rights. And that is gonna settle the issue once and for all. So Interesting. All of your fears that abortion rights would fall by the wayside because that's from court decision. Have actually proven to be null and void. What we're ending up with is a better solution where the country doesn't need to fight about this anymore because the voters have expressed a little of the people. Jason Calacanis (00:09:14): Fantastic framing. Great save for the Republican party there. Speaker 5 (00:09:17): Well, it it won't be unless David Sacks (00:09:18): they learn how to talk about the issue. Jason Calacanis (00:09:20): Yeah. I mean, the the way I would frame the same issue is that, Trump Sacks the deck to take away women's right to choose in order to get elected. But your framing is pretty good too, and you're a master of framing these things. So I was torn here for mine. I had 2 different choices. I was either gonna go with Nikki Hallie because what an amazing feat for her to to even be getting close to Trump in some of these primaries But I think we're in the biggest winners in this year of 2023 where nontraditional candidates actually becoming somewhat viable in capturing the imagination of young people, Vivek, RfK, and Dean Phillips being, I think, the 3 leading candidates. So I'm gonna go with the nontraditional candidates being the big winners for 2023. And for last year, I had said that my prediction was for 2023, Was that Trump? We get indicted, win the nomination, and then agree to not run because he gets a pardon. So I think I've got 2 or 3 of those, in the parlay in the bag. Let's go on to biggest loser, the biggest loser in politics. When we did our predictions for 2023, Shamoff, you said that you were short to Sacks, Here we are. We're giving our actual award for the biggest political loser in 2023. Friedberg, I'll start with you. Who is your biggest political loser for 2023? David Friedberg (00:10:45): My biggest political loser is the DEI movement. Oh, I heard obviously post October 7th, the Hamas attacks on Israel and then the following support for Hamas that came out of what have historic been groups that are aligned with DEI interests and then the DEI driven leaders of the universities that went in front of Congress to defend their freedom of speech rules around anti Semitic protests caused a lot of folks that I know who are very liberal and very influential show to wake up to the negative impacts of, the DEI movement. And it's linkage to potentially antisemitism, which is masked in this oppressor oppressor ideology. That is the basis of a lot of these DEI protocols. And so I think it really shined a a negative light on DEI this year in a way that hasn't been the Jason a broader way with very influential people in a very long time. And so I think that that movement is gonna take a big hit and, took a big hit the end of this year, and we'll continue to, I think, be questioned by donors and supporters of the ideologies of that movement. Jason Calacanis (00:11:57): Okay. Sachs, who is your biggest loser in politics for 2023? David Sacks (00:12:03): My biggest loser in politics for this year is Vonomir Zelensky. President of Ukraine. And you can see this pretty clearly by just looking at the cover of Time Magazine. He began the year fresh off of winning Time Magazine's Jason of the year. And by the end of the year, the same author at Time magazine was writing a new cover story saying that Zelensky had become delusional. He had become messianic. He was ordering his troops on suicide missions, and his own inner circle had turned on him. And of course, who could forget that other photo from the middle of the year at Villanias when all those euro snobs turn the back on Zelensky. That was a brutal image that went viral on social media, literally the European elite turning their backs on a frustrated Zelensky. Sadly, Zelensky had the opportunity in April of 2022 to make peace sign a peace deal. And, unfortunately, he took Boris Johnson and and Joe Biden's advice to pressure Putin rather than make peace. And I think that gamble has turned into a disaster for him. Jason Calacanis (00:13:09): Shamal, your biggest political loser in 2023. I had a different choice, but I think Game time change? Chamath Palihapitiya (00:13:16): Yeah. Hearing David has convinced me. I will I will go with the depth of the acronyms. It was it was close for me between that. And I actually think that Joe Biden unfortunately had a very difficult run of it in 2023, when you actually think about it, the Ukraine thing was a fiasco, all of this stuff around maybe putting the hand on the scale, whether it's on Elon or against Donald Trump. It's all just very messy, I think, for him. But I do think that Friedberg is right. This is probably the beginning of the end of the acronyms, and if you look at ESG and DEI together, ESG is a little bit more measurable, but sustainable asset ownership and ESG ownership across the world, shrank by 15%, which you may say is that a big number or not? That's $5,000,000,000,000. And so where the money goes typically so goes everything else in modern society. And so when the money starts to scurry, I think that you can pretty much expect that people's patience and support of these kinds of movements are waning. David Friedberg (00:14:24): I'll go Chamath Palihapitiya (00:14:25): with death of the acronym are the biggest political issues. Jason Calacanis (00:14:27): You started, you were gonna say Biden, but you changed it in real time and you went DESG acronyms. Acrony too. Okay. Death of the acronyms. You know, I had a lot of talks with folks about this one. People had a lot of input. Some people said DeSantis. Some people said Biden. I think the biggest 2023 loser in politics is the American people who are now faced with a Biden trump rematch with both of those individuals clearly being in different stages of decline being over 80 And the GOP just can't quit Trump, and it seems like the Democrats can't quit Biden despite 70, 80% of the country, not wanting the rematch. So I'm gonna give the American people of the biggest political losers are 2023. Alright. Here we go. Biggest political surprise. This is the biggest political surprise of 2023. Sacks. What's your biggest political surprise? David Sacks (00:15:23): Well, I think the biggest political surprise, and it was a very negative one, was the Hamas attack Speaker 5 (00:15:28): on Israel on the morning of October 7. Which really seemed to come out of David Sacks (00:15:31): nowhere. Only 8 days before Jake Sullivan, whose Biden's national security adviser, had declared that the Middle East had been quieter than it had been in 2 decades. And those words obviously proved proved very old time, but he wasn't alone in thinking that. I think almost everybody was really surprised by this attack. I think until then, the Middle East seemed to be on a path of progress with the Abraham accords being negotiated between Israel and several Gulf monarchies. And I think that October 7th has really changed the political paradigm certainly in Israel, in the Middle East, and I think even in American politics. Jason Calacanis (00:16:11): Okay. Free break David Friedberg (00:16:13): is a little bit of a new take on that, but I said the rise of Hamas was the biggest political surprise. You know, Hamas is a self proclaimed political party that was thrust to the center of geopolitics and domestic social issues across the west after October 7th, which was, I think, probably a surprise to many that planned these attacks as well. Basically, it feels to me like Hamas is the pawn that crossed the chessboard and became a queen. It's an organization that, you know, had resourcing and was influenced by, you know, many have shown connections to Iran and and other wealthy states. And had very low attention levels prior to October 7th on a global Jason, and post October 7th now has recognition. And sympathy and a great deal of interest in the the root cause of their party. So really incredible surprise. I don't think anyone could predicted this at the start of the year that not just the attacks happened, but the resulting shift in the discourse and influence that's happened. Jason Calacanis (00:17:13): Chamath, biggest political surprise of 2023. I'm gonna go with Chamath Palihapitiya (00:17:18): a domestic choice, and I think it's quite obvious But the biggest political surprises are of Kennedy, Robert of Kennedy Junior. I don't think anybody would have predicted that He would both drop out of the Democratic party, run as an independent, and essentially Collect. He is in terms of favorability in the polls. He's the leading 2024 candidate right now. It's incredible. Jason Calacanis (00:17:45): People like him. That's for sure. Edible. Chamath Palihapitiya (00:17:48): And nobody would have predicted it. David Sacks (00:17:49): That's a really good one. Jason Calacanis (00:17:50): What do we think he will get if he runs as an independent, just percentage wise, Russboro as a percent. Chamath Palihapitiya (00:17:57): You think better than 19%? Because the the the country is much more fragmented today. There's a lot more protest folks today. There's just a lot of reasons where RfK can garner a lot of support and build a plurality among centrists. That wasn't possible that when Perot was running, because when he ran You have to you have to remember, like, just the country was in a very different place psychologically than it is right now. Jason Calacanis (00:18:18): Yeah. I too had third party candidates as being my biggest surprised I didn't give it to a specific one. I was debating these third party candidates against the GOP not being able to feel the better option than Trump. But I think I'm gonna go again with 3rd party candidates. But I'll include Dean Phillips in that breaking ranks. I'll include Vivek. Just a very young, very smart individual capturing people's imagination. 3rd party candidates for me is the biggest surprise. And and I do think it could have meaningful impact. If you're right, then he gets over 19%, who does that Chamath in your mind, who does that benefit? And who does it hurt? If the candidates are Biden and Trump, it hurts Biden the most. You believe that? Okay. What about you, Sacks? What do you think it hurts the most? David Sacks (00:19:05): Unclear right now. Jason Calacanis (00:19:06): Yeah. I mean, David Sacks (00:19:06): I think on the issues, I can see a lot of populist voters wanting to go with RFK. But on the other hand, maybe he does peel away some democratic party voters. So I'm not sure, to be honest. Jason Calacanis (00:19:18): I've heard this before. Any any thoughts for you, Greg, on that? David Friedberg (00:19:21): What's the question? Jason Calacanis (00:19:22): If RFK were to get, as Shamay thinks, more than perot. So that's 20% or more of the, popular vote. Who is that gonna harm and who's it gonna hurt? Trump or Biden? David Friedberg (00:19:32): I saw a Gallup survey that showed that there's a real shot at more than 40% of Americans being interested in a 3rd party. And so I I'm sorry. I could be totally wrong on that, but I pretty sure I saw that, and it really kind of resonated with me. And I think our discourse here and, you know, obviously conversations with our friend group Nick might have something on this. Support for 3rd US political party up to 63%. This is the Gallup data. Yeah. So I was right. I think that this is one of the most kind of profound shifts in American politics, at least in our lifetimes, that the right has gone very right, the left has gone very left, and they've been so rooted in identity politics that you can't really see any of these issues kind of finding compromise and finding a way to lean across the aisle and get things done. And I think that's where a lot of people are just set up. So I would love to see a third political party emerge. And if RFK breaks the dam on this, it would be fantastic. It will take, as these things always do, a number of years for a group of independence to coalesce around what that third party looks like and how it's gonna be governed and so on, but this could be a really interesting shift in the dynamics of American politics. So pretty pretty cool. I'm not into politics in the US that much, but pretty cool. I think opportunity to reframe, you know, how do we wanna build America going forward and thinking about using a new party as a way to do that? Jason Calacanis (00:20:56): And we haven't even heard of, no labels. The 3rd party platform, they're probably gonna announce Joe Mansion any day now. And so that could change things as well. So that's a very interesting take. Chamath Palihapitiya (00:21:07): The biggest problem that we have, this may sound really dumb, but I think it's true in launching a third party is a viable name. Mhmm. I think it's the most important boundary condition to have a sustainable third party is a is a good name. Like an iconic Jason. The chairman's party. Like, whatever we call this party. Jason Calacanis (00:21:30): The name of the party, not the person they see no Chamath Palihapitiya (00:21:33): labels as a terrible name. Jason Calacanis (00:21:34): That's a terrible name. The parent David Friedberg (00:21:35): party is pretty terrible. God. Green party's terrible. The pet Korean party, Friedberg party, they're all terrible because they all feel like they're rooted in some, you know, either conservative or liberal cause. There there's gotta be some element of, like, what's the right decision on each on each topic, not necessarily, you know, how do we fight the identity politics? I think that's the key piece that's missing. Chamath Palihapitiya (00:21:57): And I Jason Calacanis (00:21:57): like the rational party. Like, a party of Yeah. That also visual Chamath Palihapitiya (00:22:01): disparaging to a degree. You know? Yeah. David Friedberg (00:22:03): I don't know. Jason Calacanis (00:22:04): Branding branding. What would you call it? David Friedberg (00:22:06): The 3rd party. Jason Calacanis (00:22:07): Republicans. David Sacks (00:22:08): People's Republic of, I don't know. Jason Calacanis (00:22:11): Sacks, Stan? David Friedberg (00:22:12): Shamal, do you have an idea for a name? Chamath Palihapitiya (00:22:15): I'm not gonna comment on this Oh. Jason Calacanis (00:22:18): Oh. Oh, swampy poo. Something brewing. Take care. David Friedberg (00:22:22): You would you have a name? For a third party? You like the rational party? Jason Calacanis (00:22:25): The rational party or something like that where it kind of evoked You know, people who are being thoughtful and were trying to make rational decisions in everybody's best interest. Right? Something that was not about us versus them, abortion, or, you know, DEI or ESG. Just something focused more on getting things done. The the the getting things done party, something like that, getting things done party. David Sacks (00:22:51): So set off the nose, but better than the derangement party. Chamath Palihapitiya (00:22:54): Yeah. Absolutely. Alright. David Sacks (00:22:55): Let's keep going. Jason Calacanis (00:22:56): Let's keep going. Here we go. Oh, man. So he tried to derail the show. I will not engage with someone. Alright. It's time for our biggest business winner. Biggest winner in business. Who you got you, mom? Who's your biggest winner in business? Chamath Palihapitiya (00:23:11): I mean, I don't think this is even close, but I think it's Elon Musk. Oh, Free things, obviously. 3 different companies, but the rebasing of Twitter actually had an even more profound impact, I think, on Silicon Valley that it necessarily did on Twitter. 2nd was, I think Sacks has really turned to corner. Starlink is really at scale starship looks like it's viable. And then the 3rd is Tesla really consolidated its leadership in EDs and batteries and battery technology and FSD. So I think on the merits, it was not even close. Jason Calacanis (00:23:54): Okay. Sacks you got? Who's your biggest business winner? David Sacks (00:23:57): The Magnificent 7. These are the companies that accounted for almost all of the stock market gains this year. You can see it in this chart. It's about a 63% gap between the performance of the top names, top 7 names in the S and P 500, and then the other 493 of them. I think that the S and P 493 had a 12% gain this year, which isn't bad, but it was dwarfed by the Munozant 7, which was almost 80%. Jason Calacanis (00:24:28): Mhmm. Incredible. Alright. Sacks says the m 7, Friedberg, who you got? David Friedberg (00:24:32): Yeah. I'm gonna pick 1 of the 7, which is Microsoft just a shot down the, the middle of the fairway here. Despite only seeing, I think, roughly 8% top line growth, the business saw its market cap grow by over $1,700,000,000,000 to $2,700,000,000,000 this year. Just an incredible number. I mean, can you imagine if we ever said that 10 years ago, whether anyone would believe it, consumer and enterprise strength and strategic strength, the fact that they were able to close the activism act acquisition in a the sort of regulatory environment And then the strength that Satya showed and the the speed at which he acted during the OpenAI weekend debacle where he set up this whole thing where he got Sam on and was gonna retain all this value that he was extracting from OpenAI and partnership was, I I think, great leadership and cemented his His position and standing as being a really thoughtful, fast acting, strategic leader for a business that's been around forever but amazingly added a trillion of market cap in 12 months. So I I just throw it to Microsoft this year. It's very hard to kind of break that business apart and say, here's all the things that are wrong with it. It's just you know, it it's just moving. Jason Calacanis (00:25:36): Alright. Very well done. I got you on that. Did you work? David Friedberg (00:25:38): Didn't you work there for a Jason Calacanis (00:25:39): while? 1 year. David Sacks (00:25:41): Uh-uh, Twitter? David Friedberg (00:25:43): No. In Microsoft. Microsoft. David Sacks (00:25:44): Oh, Microsoft. Jason Calacanis (00:25:45): 1 year. David Sacks (00:25:46): I was actually no. I was locked up for 2 years in the wake of the Amber deal. Yeah. I was a corporate vice president, Microsoft. David Friedberg (00:25:52): Do you like it? David Sacks (00:25:53): Yeah. It was, I mean, it's a high quality company for sure. David Friedberg (00:25:55): Yeah. David Sacks (00:25:56): I mean, I was, like, super active for 1 year because I was still in charge of I saw a P and L running Yammer, but then after 1 year, Yammer was sort of assimilated into the borg and David Friedberg (00:26:07): Yeah. David Sacks (00:26:07): Never anything to do. I was kind of just like on call. David Friedberg (00:26:10): Right. Right. Jason Calacanis (00:26:11): Alright. I am gonna talk my own book on this one and give it to Dara and the team at Uber. Got into the S and P 500, became profitable, planning stock buybacks. They resolved almost all of the regulatory resolutions including getting the taxis in London to be on the app, which was their big adversary, and they were gonna get kicked out of London. If you remember, was the company that 5 years ago, the press and the fake news were saying could never be profitable and was gonna fail. And now it is the most successful new start in the last cycle bigger than everybody. And so congratulations to the team over there. Alright. Biggest loser in business. The biggest loser is 2023. Friedberg, just so you know, last year, your prediction was capital intensive series b, c's, and d's of growth companies. Well done on that prediction. But give me Friedberg your actual. Who was your biggest loser in 2023? Host Sultan of Science. David Friedberg (00:27:11): It's sort of tied up. Obviously, there's a tail to the effect, but it's VCs who deployed most of their capital in 2021. Obviously, it was the year where a venture capital deployments peaked. And what I've heard from institutional LPs this year is that, you know, not only will that vintage underperform, but it could torpedo as many as 50 percent of firms that are managing capital today in Silicon Valley and it could switch the capital allocation model that reduces allocation to venture as an asset class significantly because of the torpedo that the 2021 vintage represents in performance. So that was my biggest loser for the year. Jason Calacanis (00:27:53): Good for me and Sacks because we were diligent during that time. Alright. Let's go to you, Sacks. Is your biggest loser in business in 2023? David Sacks (00:28:01): My biggest business loser is Disney. It seems that every aspect of Disney's business the bed in 2023. I mean, all their majors, the actual leases flopped and miss a conservative backlash against its woke social stances. You may recall that the actress who played Snow White in the remake accused Prince charming of being a stalker I Jason Calacanis (00:28:25): mean, there's a million examples. David Sacks (00:28:26): Even their their Marvel franchise suddenly had bombs, they had to fire Jonathan Majors who was doing a fantastic job playing King and an entire franchise arc that they're gonna have to reset now because of a criminal conviction involving him. Disney Plus subscriptions fell off a cliff, even attendance at its theme parks declined dramatically because they charge way too much for families to visit. And then finally, Bob Eiger picked a fight with Elon Musk over advertising. Remember Elon publicly told Eiger to g f y. Good for you. Yep. And tens of 1000 of Disney plus subscribers canceled their subscriptions because of that. And it all makes you wonder if Eiger now wishes he had stayed retired Jason Calacanis (00:29:07): I too picked Disney. I put Disney Warner Brothers. Both of them had their comic book franchises collapse simultaneously. On the on the Warner Brothers side and the DC side, the Flash and Justice League, everything came apart. Streaming was too expensive, and you didn't mention these, horrific strikes that they had to deal with, and it feels like they had to give a ton of concession. So Disney was my biggest loser as well with Warner Brothers. As their little brother there, Shamoff. We have a consensus there. Rare consensus Sacks Jason Iowa. Who did you have for your biggest loser in business? Chamath Palihapitiya (00:29:40): Well, you you guys partially win Okay. Because I'm gonna have to agree with you guys, but I think the biggest loser in business was the co woke community who tried to synthetically and artificially use all these social movements as a way to drive revenue and just got totally burned. So Disney, Bud, Target, And I think the statement from consumers is, look, just sell a product, stay in your lane, Make a better and better product for us at lower and lower prices. And otherwise, just let the politicians and the voters decide social issues. And I think that was pretty clear. Jason Calacanis (00:30:24): Alright. There you have it, folks. If you're gonna make Bud Light, people just wanna drink the damn beer. They're not interested in your politics. Alright. Here we go. Biggest business surprise of 2023. Who do you got, Sacks? Who is your biggest business surprise of 2023? David Sacks (00:30:41): I think it was the Fed's bank term funding program or BTFP in response to the class of Silicon Valley Bank and the regional banking crisis. As you may recall, it wasn't just SVB. There were several old dominoes in the regional banking system. That fell. It was SGB signature, First Republic, and even in Europe, Credit Suisse basically fell apart all because of the sudden spike in interest rates. A lot of people try to blame VCs for this, Jakeow. Yeah. I mean, man. Took took some heat. Yeah. The truth is that if the Domino's had fallen in a slightly different order, no one would have thought to blame VCs for this. It was obviously the fact that rates had spiked up and these banks got caught off sides because their deposit base is volatile. And they had loaded up on government bonds at a 1% interest and then the value of those bonds plummeted. The fed then stepped in to prevent this from turning into a contagion that was where the BTFP came in, and I'm ambivalent about it because I think that we don't know the long term consequences of the Fed basically providing this liquidity to the banking system. However, it's very clear to me that there was a regional banking crisis underway Jason the Fed stepping in, I think, probably saved us from having a recession this year. Jason Calacanis (00:32:01): Amazing. So the Fed there I picked Facebook for my biggest surprise this year. They changed the name of the company too. You hear a code to Meta They were pouring tens of 1,000,000,000 of dollars into VR, which nobody wanted to use. The CEO was focused on the wrong thing. But they turned it around. The stock dropped to 90. And Zuckerberg, I guess, didn't wanna lose. And so he laid off tens of thousands of employees said every no more middle managers. Everybody's gotta get to work. And they doubled down on their existing businesses, and they've made some great progress on AI. So my biggest business surprise was the resurgence of Zuckerberg and Facebook. Shamath, who did you have for your biggest business surprise? Chamath Palihapitiya (00:32:44): I'll pick Jay Powell and the Fed capitulation. I think that I've been seeing for a while that rates will be higher for longer. For quite a while now. And I was really surprised when Jay Powell had this press conference in December, early December, and just basically capitulated and just said, you know what, guys, we're going to be cutting probably three times in year. That was effectively the gist of what he said. And immediately, the 10 year basically just completely changed course, and it went from almost at 5% to below 4% within a matter of two and a half or 3 weeks. So and then the stock market has basically done nothing but goes straight up. That's a huge surprise to me because I think now what the setup is for 2024 is basically we will melt up up until the first cut, and then there'll probably be some real selling. And I I would not have predicted that. The markets have become a lot more accommodative as a result. I didn't expect that. So Jay Powell really, I think, surprised a lot of us. He could have been more tempered, but he d essentially decided to give away the playbook in the last month of the year here. Jason Calacanis (00:34:02): And it's important for everybody to understand the Fed acts independently of the administration. It's just a coincidence, correct Sacks, that their cuts are gonna come just in time for Biden Economics. And if it happens to go up in the next 9 months, that has nothing to do with the Biden administration. Who might benefit from that if the economy goes back? Chamath Palihapitiya (00:34:21): Jason, Nick, I have an I have a quote that I sent Nick. This is a this is what Larry Summers said and I just think it's such an unbelievable quote that is just worth internalizing if you just start reading here. So I prefer the Volker Greenspan approach, which is to recognize that the Fed is a little bit like the Delfic oracles. People regarded them as omniscient and omnipotent, but they were in fact neither. So the oracles kept their pronouncements vague and oracular. Not concrete and specific because it was impossible to be concrete and specific without being wrong frequently and undercutting credibility. Sure. I mean, that is just the perfect Keep it general. Yeah. Summary of what probably should have happened in these pressures. And this was an example where it was the exact opposite and the market just took it and said, I'm off to the races. David Sacks (00:35:10): Just to, agree with that and buttress it. It's not only the fact that they gave this guidance this year. As you remember, Sacks when we started having inflation, the Fed's still stuck to the story that it would not be raising rates for some extended period of time. And a lot of these banks that had problems, basically, Jason Calacanis (00:35:28): because they bought David Sacks (00:35:28): too many long term government bonds A lot of those bonds were bought during that period when the Fed was assuring him, it wasn't gonna be jacking up rates. Mhmm. So if the Fed hadn't misled them, maybe they would have made better risk decisions. Jason Calacanis (00:35:42): Yeah. David Sacks (00:35:43): So it works both ways. Jason Calacanis (00:35:44): Friedberg. Got a business surprise for 2023 for the audience here at the bestie Awards. David Friedberg (00:35:49): The biggest surprise was Sam Altman's Alster and return all in a weekend. So that was kinda crazy. So I just give it to that. Nothing else to be said. Jason Calacanis (00:35:55): Okay. The flip flop. Love it. Okay. That's science breakthrough. This is everybody's favorite. Also the time when Saks goes and takes a leak, 2023 biggest science breakthrough. You got to Sacks? You're awake during the saks. David Sacks (00:36:07): I got 1. Jason Calacanis (00:36:08): Seguin, go ahead. What's the biggest signs breakthrough for you, Saks? David Sacks (00:36:11): According to NASA, there's a new look at Uranus. That's right, Jason Calacanis (00:36:15): Jake. Gotcha. David Sacks (00:36:16): That's right, Jake. Out. These are never David Friedberg (00:36:19): before seen David Sacks (00:36:20): deep penetrating shots of Uranus. Jason Calacanis (00:36:24): How deep and penetrating are these David Sacks (00:36:25): Very deep, very penetrating from the James Webb Space Telescope. Jason Calacanis (00:36:30): When your anus gets probed this deeply, what's your takeaway? What it what's the feeling you get in this deep probing of your anus? David Friedberg (00:36:40): All wonder mystery. Odd wonder? Yeah. Jason Calacanis (00:36:44): Well, I David Sacks (00:36:44): That's a space colonoscopy. David Friedberg (00:36:46): Something gets moved with here. Chamath Palihapitiya (00:36:47): Absolutely. I'm gonna save you for last free, Brooke. Chamath, you have one? Yeah. I think that this unfortunately did not get nearly the attention it deserves, but I'm gonna pick the crisper approved CRISPR treatment of sickle cell anemia. I think that this is just an incredibly important breakthrough. And so, you know, sickle cell basically is just a condition where the shape of your red blood cells change. It causes a lot of very painful inflammation and damage. Disproportionally affects the Sacks population, African American population. And so now there's an approved therapy which goes in and makes the gene edits and fixes these folks. So congratulations to Vertex and CRISPR, and I I think it's just incredible. Jason Calacanis (00:37:28): There was, my big breakthrough was this brain decoder technology. We didn't talk about it here on the show, but this project was crazy. They they did MRI scans. F MRI scans of blood flow to different areas in the brain. They then had people listen to podcasts like the moth and they tracked individuals' brain activity with specific words that were said during the podcast, and they had the Pete words, then they attached it to a language model, GPT 1, I believe, and narrowed down what people were thinking, then they had people think thoughts, and it started to use the predictive model of GPT 1 and combined it with what happening in their brain chemistry. Now this is a far away from being able to read people's minds, but for somebody who couldn't speak, let's say, the idea that you could think and then have your thoughts and the story you were telling actually come out of a computer just by thinking would be miraculous. Obviously, NeuralLink does this with a direct connection. But fascinating working right now. Sacks still thinking about Uranus. He's he's going deep into Uranus right now. He's reading that paper. I can see his eyes. Chamath Palihapitiya (00:38:35): You guys know I got a colonoscopy? Jason Calacanis (00:38:38): Thank goodness. How was it? Chamath Palihapitiya (00:38:39): A guy got it on Did Jason Calacanis (00:38:40): they put you under? Chamath Palihapitiya (00:38:41): Tuesday. Yeah. But I got I didn't get the propofol. I got demerol. I think demerol. You gotta go probe. I had like the twilight sedation. So it's kinda like, you know, It was great. Don't get me wrong, but it was, like, 15, 20 minutes. Like, it was not Jason Calacanis (00:38:55): But you were kind of awake and lucid while they Chamath Palihapitiya (00:38:58): were, like, halfway through. Jason Calacanis (00:39:00): You woke up halfway through? Yeah. David they give you a drink, a little red wine, or anything? Nothing? No. Chamath Palihapitiya (00:39:05): No. It didn't talk to me. No. I I just saw the I saw the screen. I was like, what the heck? And then I just went Jason Calacanis (00:39:12): let me tell you, propofol. It's drip, drip, drip, and then you wake up 4 hours later. It's the most restful sleep you ever had. Chamath Palihapitiya (00:39:19): That's the way. There's no I had it fixed. I I only have twilight sedation. That was it. Jason Calacanis (00:39:27): I asked them to go back up in there twice just to make sure. Friedberg. Enough about your aims. What was your biggest surprise of 23? I know it's hard to surprise you. David Friedberg (00:39:37): I know you guys wanna hear some crazy specific thing, but I actually just said that there are too many breakthroughs with machine learning models with AI this year to list. LOMs that can run on small desktop machines that are open source that outperform all models that were in existence, even a few months prior. It highlights the leaps and bounds of this trajectory of of development and models. And there's other specific examples like we talked about DeepMind's GraphCast model, which is a a Graph Neural Network on the show, and, obviously, all the generative models in imagery and movies and music but it's just such an extraordinary time to see us leverage our combined capabilities to drive these extraordinary breaks. The pace of Jason Calacanis (00:40:20): language models and the pace David Friedberg (00:40:21): of AI development? Just all these breakthroughs in aggregate. I mean, I I I think it's it's hard it's hard to pay attention to anyone. There's a constellation of change on their way. It's incredible. Yeah. Jason Calacanis (00:40:29): Okay. Now it's time for our biggest flash in the pan. Who is your biggest flash in the pan trim off? Chamath Palihapitiya (00:40:36): Oh my gosh. This is Well, Jason Calacanis (00:40:39): it could be business. It could be society. It could be pop culture. Chamath Palihapitiya (00:40:43): I wrote down SPF. Okay. I think, like, from what looked like a too good to be wonder kind, frankly, just turned out to Jason Calacanis (00:40:51): be an Adderall addicted grifter. You don't bring user accounts. Sacks, I hope that doesn't hit too close to home. Who is yours? David Sacks (00:41:02): Same ballpark. I said effective altruism. The EA movement took a big hit with SBF. I would have thought that'd be enough to polish it off, but then we had the OpenAI board, Alst, Sam Altman, like we talked about. Apparently, that was driven by a couple of their nonprofit board members who are effective altruists. I think the failure of that whole debacle will put the nail in the coffin of the EA movement. Jason Calacanis (00:41:30): Okay. Friedberg, you got a flash in the pan for 2023. David Friedberg (00:41:33): The obvious breakthrough in superconducting room temperature Auriel LK99. Jason Calacanis (00:41:39): Yeah. David Friedberg (00:41:39): It came and it went. Everyone thought it was gonna change the world. Couple Sacks later, couldn't be replicated. Was disproven ultimately. And for a hot minute there, everyone thought the world was gonna change. So it was super exciting to see room temperature super conductivity in the search for room temperature superconducting materials, get so much attention. As I mentioned, it's something I've thought a lot about since I was thirteen years old. So it's super cool, but didn't happen. Came in. It went. Jason Calacanis (00:42:05): I went with a wild card here. I said George Sacks, the diva drama queen, and congressmen who slayed from 2023 to 2023. And I'm curious. Thank you, business. Electric campaign funds to buy. David Friedberg (00:42:19): Just let her Jason Calacanis (00:42:19): close and get both botox. So He asked Queen and Sephora and Sephora. David Sacks (00:42:24): Not bad. Not bad. Jason Calacanis (00:42:25): He asked Queen. Just making bank over at Cameo. Gonna have him come in. He's gonna do a, he's gonna do a quick, cameo here on all in podcast. Alright. Best CEO, your best CEO, best CEO, I'll go first. I'll go first. I haven't got first yet. I picked a wild card here. I went Taylor Swift. $4,000,000,000 in revenue from, the tour and the merchandise and the movie and everything. Each tour stop generates $90,000,000 for the city she lands in. She's getting 85%. She went direct to movie theaters with that concert movie and made a quarter $1,000,000,000. She stands down. The best CEO of 2023 for me. We got you, ma. Chamath Palihapitiya (00:43:07): Satya Nadella, CEO of Microsoft. I just think the gross tonnage of market cap dollars he added in 2023 plus figuring out how to close Activision plus retaining maximum optionality with OpenAI is just the master class in heads down management. Jason Calacanis (00:43:30): Well done. Sacks, what do you got? David Sacks (00:43:33): I have Jason Wang, the CEO of NVIDIA, and King of the GPU. We talked about the magnificent 7, but none was more magnificent. Than Nvidia whose stock is up 2.35 percent, and earnings and forecasts keep blowing doors off. Jason has been planning this moment for many years before the whole AI frenzy took hold, and David is now reaping the benefit of that. Jason Calacanis (00:43:57): Who do you got? Friedberg give it David Friedberg (00:43:59): to Sam Altman because I don't think any individual has generated more attention on a private company and its effect on the world and the future than Sam Altman and OpenAI. And I think that he's been aggressive in raising capital. This guy can raise like he can raise And then he over bets on people. He he finds talent. He gives them extraordinary comp packages, gets them to come and work on this this extraordinary effort, and then gets them to deliver results He pushes the limits. He pushes the boundaries even beyond what's comfortable for his board members. Clearly, the the, you know, the the comes with the good and the bad. And then even after He got ousted by his board. His entire employee base threw a crew and got him back and share everyone's got their economic motivations to see that happen. But I still think that the setup was, you know, largely his his work. So he does deserve credits for that. So all in, I think it's It's an incredible year for Sam Ollman. Jason Calacanis (00:44:53): Now we move on to 2023 best investor. Tremapp, who was your best investor for 2023 here at Chamath Palihapitiya (00:45:00): the bestie Awards? It was a continuation of the last couple of years, but it's the pod shops and specifically citadel. So I give that a word to Ken Griffin. You know, pot shops, I think, have really become the hallway bully of the public capital markets, and citadel is the kingpin. They returned $7,000,000,000 to their investors in 23. I think if you go back since 2020, they've returned more than 20,000,000,000 They generated, you know, 15% very steady returns uncorrelated to the market. It's just a machine. I mean, It's in it's an incredible business that he's built. So he is Jason Calacanis (00:45:41): there's nobody close. Sacks, who do you? David Sacks (00:45:43): I've got Bill Ackman here for timing in the bond market perfectly. He shorted bonds for most of the year, making 100 of 1,000,000 of dollars. And then on October 23rd, He announced that he was covering his positions and that it was too risky to stay short in bonds, and he was going long. And that very day was the high point of the 10 year bond yield. The market made a bottom October 27th since then yields have plummeted, which means that the value bonds is soared. And the best part of it is is using his new FU money to take on Ivy League University Presidents for their woke DEI double standards, grifting, and plagiarism. Jason Calacanis (00:46:19): Well done. Alright. Friedberg, who you got? David Friedberg (00:46:21): I also said Ackman for his timing on the the the treasury trade. Jason Calacanis (00:46:24): I was right there with you guys, except I wanted to go with a wild card I am astounded by the growth of TikTok. And I just worked backwards, Arthur Danchick, who I've never met from Susquehanna, international group, referred to as SIG in the industry still owns, according to sources, 15% of this company, which could be worth 3, 4,000,000,000 dollars, $500,000,000,000 when it goes out. And despite all the saber rattling, the CCP has not divested from it even though Trump and Biden both said they were gonna try to do that. And ByteDance was caught spying on American journalists using their TikTok data. So the fact that that investment is still in place to me is extraordinary. So congratulations to them, but I had solid quick. Alright. Now we move on. Moving quickly here. 2023. Best turnaround. Chamath Palihapitiya (00:47:12): Who's your best turnaround, Shamont? This was, like, 3 years in the making, but I'll give it to Nova Nordisk. I think the amount of attention that Novo has gotten for Ozempic, Bogovi, and Ribelsys in 2023 was incredible, but you have to go back to the last decade where the 1st 5 years there was just not much activity. And they had to maintain their investment, stay strong, stay focused, and then starting in about 2019, The stock has been about a 4 or 5x in the last 4 or 5 years. And I think these semaglutide GLP-1s are here to stay. They're transformational on society. So that was an enormous task of corporate focus. So I'll give the turn around the word to Novo Nordisk. David Sacks (00:48:00): In light of what's happening right now in the crypto markets. I'm gonna go with Solana. Jason Calacanis (00:48:05): Oh, wow. David Sacks (00:48:09): Wow. It began the year at about $9 a token. It's now at 92 as of this moment. Obviously, it's very volatile, but it's up roughly 10x. This year to date. And in light of the fact that various unscrupulous actors on the internet accused some of us of of buying slownette at a discount and dumping it on retail without any evidence, and that wasn't true. Let's just say that those of us who are holding bags of salana are very happy campers right now. Jason Calacanis (00:48:44): Friedberg, who do you got? Biggest business tournament. David Friedberg (00:48:47): I give it to Dara and Uber. When he took over that business, I think it was a to $9,000,000,000 net loss in 2019, $5,000,000,000 EBITDA run rate right now, incredible forecasting, incredible skill in forecasting the sensitivities in that business, by the way. Jason Calacanis (00:49:02): Same more. Same more. David Friedberg (00:49:04): And, you know, obviously, seeing the market cap just this year grow from 50,000,000,000 to a Sacks 1,000,000,000 as of today. So give it to Dara for the big turnaround. Product sucks, though. I will say it's got an expensive card to get an Uber, sit around and wait forever. Sedara, please fix that Otherwise, good job. Jason Calacanis (00:49:22): Well done. I went with a one that you guys gave a work to in on all the previous words, Sam Waltman is all over the shares besties. I I thought going from being fired for malfeasance, to becoming a martyr. And then I'm the captain now. You can throw in the I'm the captain now meme right here, Nick, for the pod. In about 10 days, He captured 3 full new cycles, was named CEO of the year, and the palace intrigue raising money for an Nvidia killer in the Middle East. I mean, this guy is like, James Bond plus a CEO. So what a great turnaround from fired to desired Sacks Altman Alright. Let's go to our next one here. 2023. The worst company of the year. This is the company that is lo some and horrible In our opinions, and it's that's all it is Sacks. It's just 4 dudes' opinions, Sacks, in your opinion, What was the worst company of 2023? David Sacks (00:50:20): I'm gonna go with Pfizer. Just last week, the Wall Street Journal had an expose on the inner turmoil at Pfizer as its market cap has lost a $140,000,000,000 in valuation in 2023. By the way, that headline is ridiculous. Pfizer did not save the world. The reason why they are off so much is because of a massive drop in demand for Sacks David and for COVID boosters. Apparently, people do not see the value in those products. They finally figured it out. I would say that the company is also suffering from a credibility crisis. By not leveling with the public about the efficacy and safety of their Sacks. The CEO, Albert Burlow, was confronted in Davos by system journalists for this lack of transparency back in January of this year. And what's interesting is that if you read the Wall Street Journal piece, even his own employees are questioning Burless candor, When he announced on a company wide virtual town hall that the company was embarking on a cost cutting effort, the chat room erupted in Snark, quote, future is bright, but you might get fired as how one employee characterize burillist spin. This led another employee to apply, quote, dumpster fires are always bright. Jason Calacanis (00:51:37): Alright. Friedberg. Worst company of 2023 for you. You have a worst company? Most awesome. David Friedberg (00:51:43): I do. I'm gonna get through this without getting it. The worst company of 2023 is Muoyuan food stuff. This company is pure evil. It's got a 130 7000 employees. It's based in China. It's the world's largest slaughterer of pigs. Slaughters 2,100,000 pigs per year. With the world's largest pig farm near Nan Yang, where they basically take pigs from birth and breed them all the way through to slaughter, During their entire lives, these pigs never get to move more than a few inches. They live in these multi story housing units that they never get to see sun or the light from the outside. Through their whole lives, they're kept separate from their families. Pigs are as smart as most dogs and even young children. And at the end of their very painful, awful existences. They're slaughtered and fed to a growing population. China consumes over a 1,000,000,000 pigs a year, It's a horrific situation. So that's the most loaks and company of 2023. So Chamath Palihapitiya (00:52:43): still it's just Jason Calacanis (00:52:47): I'm sorry, guys. But, dude, David Friedberg (00:52:49): you went off camera. Jason Calacanis (00:52:51): You you you went off camera. No. You, Jacob. You started laughing. It's not I saw Chamath Palihapitiya (00:52:57): you laughing. That's why I started laughing. Jason Calacanis (00:52:59): I mean, I had 15 jokes, but I'm not gonna make any of yeah, when they're not a vessel for factory farming, it's it's horrible. Who is your worst company, Shamab? Come on, Shamab, getting the game here. Who was your worst company? Chamath Palihapitiya (00:53:10): It's a tie between FTX And Silicon Valley Bank. One stole customer accounts, and the other one just was run by a CEO and a risk management infrastructure that really imperiled and almost imperiled an entire industry. Jason Calacanis (00:53:24): There you go. For me, it was Fox News. They deceive their loyal customers by knowingly spreading fake news about voting machines that wound up firing their most loved host in our 5th bestie Tiger Jason, and they paid record setting fines for misleading the public and creating massive division in our country And they're facing an even bigger lawsuit, a $2,700,000,000 lawsuit with another election technology company that will happen in 20 25. Pension funds are now suing this lo some company because they lost so much money for them. So my worst company of the year is Fox News. Alright. So, actually, it's up to Sam. Sorry. So you're calling for the microphone there. I'm not David Sacks (00:54:09): gonna defend Fox after they fire tucker. Jason Calacanis (00:54:11): Exactly. Exactly. I mean, that's why I put in there David Sacks (00:54:14): for you. I do think the judgments are the magnitude of the judgments are ridiculous. Jason Calacanis (00:54:18): Okay. Now it's time. We have a little bit of fun here. Best meme. Your best meme. Fun stuff I'll start it off this year. I'd love the Boston hop on the slide. I don't know if you guys have seen this one, but it went super viral. They've made millions of versions of it. This is the cop in Boston going down a slide. And the backstory here Bunch of cops were told there's a slide that's too dangerous in Boston. One of them tried to do their duty and confirmed that it was in fact dangerous. And he got injured coming down the slide. And now anytime Jesus. Something is going off the track, whether it's a market or a company, you play that clip. Sachs, you're a master of memes. What do you got for us this year and the 2023 best deal of arts? David Sacks (00:55:08): Well, I I think the meme of the year had to be the gfy. Yvonne's answer to Bob Eiger's attempt to blackmail him. Nick can but we need to see this in the gift version. The way the hand motions are, it's this, then this, and then it comes back in. Jason Calacanis (00:55:24): Good for you. David Sacks (00:55:25): It's like a conductor of an orchestra. Jason Calacanis (00:55:27): Just a standard. Good for you. Shamak, did you have a Did you have a favorite Chamath, a favorite meme of 2023? Chamath Palihapitiya (00:55:33): Yeah. Nick, if you wanna just throw it up there. Jason Calacanis (00:55:38): I am a journalist Jason it's the, kid. Chamath Palihapitiya (00:55:42): Hey. I'm a journalism. I'm a journalism. What what is this talking about? I think it's it's what we all know. Jason Calacanis (00:55:49): And I Chamath Palihapitiya (00:55:49): think it was further exposed this year, just the the brazen naked ambition and corrupt nature of the mainstream media. Hi, Jason. You said it really well, and I've and it really made an impact on me. So I wanna give you credit. We are all citizen journalists, investigative journalists now. And I think that that's true. I think we all have a responsibility to pick the information source and to vet Yeah. And never been more true than this. Jason Calacanis (00:56:18): You gotta have multiple sources triangulate the truth for yourself. I, yeah, I wouldn't trust the mainstream medium. At this point, you know, as but one of many sources, Friedberg. Got a favorite meme. Got a favorite meme. No. I didn't put anything on this. Okay. You gave us 6 minutes on pigs being killed, but you can't come up with one meme. Okay. You can't come up with a meme. Come on, man. David Sacks (00:56:41): I think it's kinda funny, actually. Jason Calacanis (00:56:42): It's kinda funny. He has no meme's memeless. I have a lot of a meme. Wait. David Sacks (00:56:47): We need to play that Waren'twam music. Alright. Jason Calacanis (00:56:52): Best new tech. Best new tech. We gotta keep things moving last year. It was, fusion and GPT across the board. This year, I'll just get a mine out of the way real quick. I'm gonna go with something more specific, chat GPT's app. Has been extraordinary. It now has 4.0 and it has dolly in it. I've been making incredible images to go with my my sub Sacks and my blog posts. That I would have paid 1000 of dollars, you know, for each one of those when I was doing magazines, and they have voice chat. If you haven't connected chatgbt's voice app to the new action button on the iPhone 15. There's a button above your volume called action. You can map it to a specific feature inside of any app. I mapped it to voice chat on chatgbt. When I'm driving with my kids, they have a question. We put it in we just started asking questions about history, science, whatever it happens to be, pop culture, music, to chat ABT 4, and it is an extraordinary breakthrough app And it's, you know, been downloaded, I think, 100 of 1,000,000 of times now or over 100,000,000 incredible incredible progress there. Chamath, you had a best tech Best new tech. Chamath Palihapitiya (00:57:59): I don't think there was anything meaningful in 2023. I think there was a lot of improvements to things that were founded and started in 2020 or 2021 or 2022? Nothing new that caught my eye this year. Sacks. David Sacks (00:58:12): I have Starlink for Jet Suite X. I, of course, I've never used it, but I heard it's great. Jason Calacanis (00:58:20): But if you do fly with other humans who you don't know, David Sacks (00:58:23): I would be impressed to, Starling for private aviation as well, but I've heard it's a real game changer on commercial flights and every kind of Jason Calacanis (00:58:31): flight. Friedberg. Best new check. David Friedberg (00:58:35): My best new tech of this year, I think, is really important as we race to keep the promise of AI alive in the face of increasing government regulation which is open source locally run LLMs. So you can take a an LLM, and you can run it on your machine. You don't have to be connected to the internet. You don't have have a third party service provider making a LLM available to you. And so this allows the continued development and pursuit of productivity gains and new capabilities that emerge from these LOMs by making them local offline disconnected from the internet and and away from the screwedability of agencies that wanna check your model and make sure it's okay. So this is really important to me. I do think, like, my broader right now is I think that there's this really scary big shift of you're either gonna end up in a new enlightenment or you're gonna end up in a new dark ages. And I think we're seeing this play out in all these conflicts around the world and all of this regulation and all of the the technology that's being deemed either a threat or an opportunity. And so I I think any technology capability that allows us to pursue the enlightenment is a winner for me. So, anyway, this was a big shift that happened this year. And there's multiple models that are publicly available that are free open source that you can run. Jason Calacanis (00:59:57): Okay. 2023 Best trend. Shamal, what was the best trend of 2023 for you? Chamath Palihapitiya (01:00:03): I actually, didn't really couldn't figure one out. Jason Calacanis (01:00:06): Okay. Sacks, you got a best trend for 2023. Something that happened often. It became a trend. David Sacks (01:00:12): My best trend is the return of color blindness. As the standard and the pushback on DEI. We already talked about the university presidents and what Bill Ackman is doing. I would add to that that the Supreme Court band race based affirmative action and university admissions in June. And red state governors like Greg Abbott and Ron DeSantis took that as a green light to shut down DEI program and there are public colleges and Universities. I think that this is a good trend, and hopefully it continues next year because America should be a color blind meritocracy. Jason Calacanis (01:00:45): Friedberg. What was your best trend of 2023? David Friedberg (01:00:49): The profitability focus at young companies, particularly in an age of co pilot tools for software development. From what I've seen, it's pretty incredible. In single person efforts can yield what historically has required Sacks, 12 or more people to do using Copilot Tools and AI. So software development It's accelerated new products, and entire companies can be built by single individual at very low cost, building totally customized software. So what I've seen, it's not widely adopted. These, these capabilities, as you guys probably have seen as well, it's starting to be. But just imagine once the majority of people are using these co piloting tools to write software and start to learn how to use these tools, it's really gonna increase productivity globally as it finds its way into every business and everyone can become an entrepreneur and so on. So it's good. It's incredible to see. Jason Calacanis (01:01:40): I, 2 Sacks, was looking at the issue of DEI and I framed mine as DEI dying and meritocracy thriving. That was the best trend for me. So we are once again Simpatico, UNI, DI, dying, meritocracy, thriving. Nicely none. David Sacks (01:01:55): You really are proving you're a centrist? Jason Calacanis (01:01:57): Yeah. Yeah. I mean, I think or I just listened to mlk speech, and I thought, that seems like the most logical thing to do. Yeah. David Sacks (01:02:04): You're right. Jason Calacanis (01:02:05): Yeah. Sure. 100%. David Sacks (01:02:06): 100%. We figured this out some time ago. Jason Calacanis (01:02:09): Yeah. I don't know why we have to rehash it. Okay. 2023. Worst trend. I'll lead it off. I had 3 here. Of worst trends. Number 1, anti Semitism, absolutely disgusting and horrible. 2, Trump's rehabilitation. We'll just leave it at that. And then 3, people have low morrill character using the freedom of speech movement to whitewash their horrible personal behavior. Yes. I'm talking about Alex Jones to all the mids in the comments. Sacks, what was the worst trend for you? David Sacks (01:02:36): You had to have 3, didn't you? Jason Calacanis (01:02:38): Well, I'm gonna just go semitism. Those are my 2 David Sacks (01:02:40): runner 2 runners. Alright. Fair enough. Yeah. I think you guys are like my worst trend. It is the metastasizing national debt. This chart really makes it clear. You can see here the national debt as a function of deficit and revenues and it's a upside down hockey stick. Jason Calacanis (01:02:58): Jesus. David Sacks (01:02:58): If a company could produce user growth that looked like this, I would invest all day long. However, this is not growth. This is basically how much we owe, and it is a bipartisan problem. It's been going on for really 20 plus years. But it is getting worse and worse under Biden. Jason Calacanis (01:03:17): Yeah. 8,000,000,000,000 added to the deficit under Trump, and looks like 5 to 6 trillion under Biden. David Sacks (01:03:23): Well, you know, we did have a COVID. We did have felt down where the economy was down 30% year over year. So the tax cuts Jason Calacanis (01:03:31): in COVID. Yeah. David Sacks (01:03:32): Both party supported that bailout. And in hindsight, it was excessive. Yeah. Biden's quote, unquote stimulus was passed on rate party lines after COVA is ready over. So I think we should just make sure to apportion the blame correctly. But like I said, bipartisan problem. Jason Calacanis (01:03:48): Yeah. I agree, bipartisan, and Trump did a very ill timed tax cut before COVID. So it was a double hit. If you wanna compare it in 8 years, Obama added 8,000,000,000,000. So it was 1,000,000,000,000 a year. These new guys getting close to 2,000,000,000,000 per year. So they doubled the velocity of spending. Just completely disastrous. Jamal, what's the worst trend for you? I just think it's the the general state of affairs amongst our young people, our twenty year olds, and our thirty year olds, I think, are really struggling, Chamath Palihapitiya (01:04:21): and it's gotten worse. I'll give you 2 examples. Here you see on your screen, this year, 158,000 more Americans died than expected, which is more than all the wars combined in Vietnam. And when you look at where those death rates are, Those death rates were coming from thirty five to forty four year olds, which was up 26% and twenty five to thirty four year olds, which was up 20% above pre COVID levels and All we can point to from the government establishment is that it's smoking in a bad diet, which doesn't really hang together. And then the second trend is when you look at just general marriage rates amongst these same cohort of people, it's meaningfully worse than every cohort above it. So just societally, these folks are not tracking. In whatever dimension you want to measure sort of like happiness and stability, safety, something is meaningfully wrong in these cohorts of people. And we owe it to them to figure it out. Jason Calacanis (01:05:21): The one thing you missed there, Chamath and the Western World at least 36% increase in suicide over the past 2 decades. So a lot of it's another one. That might be the main one, I think, in this is the the mental health issues are acute. Okay. We have Friedberg left. For the worst trend. The bestie award, for worst trend of 2023. What do you got? David Friedberg (01:05:41): I don't know. I had one. I'm gonna change it on the fly. I'm gonna go with the normalization of spending. I think it's probably the worst friend. Like, it's, you know, it used to be a big deal. Remember when the TART program happened in 2008 and it was an incredible single line item of $800,000,000,000 to support the troubled asset relief effort to try and keep the economy stable by buying up all of this failing debt and supporting all of these equities and keeping these businesses going. And now it's, like, a $100,000,000,000 for this, a trillion for that. It's like we've normalized spending and COVID just made it worse. So to your guys' point earlier about the acceleration of spending. Once you spend a dollar, you think it's okay to spend a dollar. And then next time you spend 2, it's not that bad. It's only a dollar more. And the next time you spend It's only 3 bucks more and suddenly it becomes normal. And this normalization catches up to us. I've harped on this enough, so I won't go into it too much. But I think that's the worst trend. Jason Calacanis (01:06:36): Who did you exchange from? What was your what was your original? David Friedberg (01:06:39): My original was the merging of the oppressor oppressed ideologies that are in diametric opposition to each other. I just found this more ironic than the worst trend, I think, which is like lgbtq groups that were pro Hamas that were marching and supporting Hamas, which is anti LGBTQ. It was just so mind blowing to me to see some of the behavior over the last couple of months that made absolutely no sense. And it shows how little first principles thinking people are actually doing about the things that they're standing up for. Standing up for a free Palestine is one kind of point, but being pro Chamath, when Hamas would have a responsibility of eradicating people like you is just it's just nuts to me. So I there's just some of the stuff that I've seen where the oppressor oppressed ideology is is trained to fit everything even if it makes absolutely no sense. So it's just really frustrating to see. Jason Calacanis (01:07:42): Okay. Now we go on to a little casual. The best awards for 2023. Favorite media. Favorite media, new things that came out in the media could be like a video game, book, music, or a TV show. I'll lead us off here and just get it out of the way real quick. For me, the secession finale, extraordinary, one of the best pieces of television ever made, and my sleeper was the bear season 2 very niche show on FX. I think I turned a lot of you on to it. And season 2 had an episode episode 5, which is the forks episode in which Kami sends Ritchie to intern at a very elite restaurant, and he's charged with the polishing silverware. And, Garrett and him get into it. Why am I doing all the stupid and he just tells him, listen, every day here is a freaking Super Bowl. And, it's just a great, great, amazing episode of television with extraordinary performances in Schumoff. Did you have any, Chamath Palihapitiya (01:08:38): favorite media this year? Anything that Taylor Swift did this year Jason Calacanis (01:08:42): was Whitehall. Here are Swifty. Chamath Palihapitiya (01:08:45): She is a tour de force. She's incredible, and she's a genius. What can you say? Nothing's Sacks. David Sacks (01:08:54): I'm gonna use my spot to draw attention to some podcasts that you may not have heard of. Some geopolitics and World Affairs podcast. So that probably my number one is the Duran. With Alexander Mecuris and Alex Cristoforo. I'd also give honorable mention to Judge Napolitano's podcast and Colonel Daniel David. I have found these 3 podcasts to be quite useful in understanding what's happening in the rest of the world. And I found their reporting and analysis to be more accurate than anything you're gonna get in the mainstream media. Jason Calacanis (01:09:29): Freebrook, any favorite media for you, as we get close to wrapping here. David Friedberg (01:09:33): I recently read a book that I liked. I don't know if I talked about it called the Idea Factory on the History of Bell Labs and the great age of American Innovation. Strongly recommend it. I had no idea how much this Bell Labs institution touched modern life from radar to the transistor, to the nuclear bomb, to computing, even information theory was developed inside of Bell Labs It was an incredible organization that took its roots in an institutionalized monopoly, which then enabled them to have one customer that was always a built in but gave them the freedom and the resourcing to build all of these great things. And for anyone that wants to say that monopolies Stifle Innovation. I encourage you to read this book because it really says the opposite may be true that a monopoly enables investment in long term thinking and long term ideas that you can never otherwise see. So I give it to that. I also had a softer one. Have you guys ever watched Bobby Altos podcast? I found this so funny this year. You guys ever seen Chamath Palihapitiya (01:10:33): it? Her interview with Drake is hilarious. David Friedberg (01:10:34): It's so funny. So she interviewed Drake. She's interviewed Cuban. Chamath Palihapitiya (01:10:38): Oh, yes. I know we're Jason Calacanis (01:10:39): talking about the the dead pant. David Friedberg (01:10:41): Yeah. The dead pant. So she's got this, like, holy disinterested persona. And it totally encapsulates, like, a gen z, like, a personality in a way that you don't get in any other media. It's really and she's hilarious when she does these interviews. And she's very unique, like, Andy Kaufman or Jim Carey, like, in that sense, like, unique and how she does this. I just think, like, we'll see if the stick lies Like, she may end up kind of being tired soon and see if she has a second act. Chamath Palihapitiya (01:11:05): The Drake interview was really good. The one with Cuban had 2 problems with it. 1, they sat on the ground and then 2, cubans feet were really dirty. David Friedberg (01:11:13): Did you see the one with Shaq? Chamath Palihapitiya (01:11:14): And so I was like, bro, like, yeah. Just keep the shoes on and just, you know, David Friedberg (01:11:19): Shaq 1 was hilarious, but anyway, she's she's got great contents. It's it's hit or miss, by the way. I'll also say it's not consistent. Hit or miss, but I don't know. I just found her to be a little bit of a a a unique stand out in, in content this year. Everyone's kind of me too. Me too. It looks the same. She she stood out a bit for me. Jason Calacanis (01:11:36): In that vein, have you seen Z Wave, z I w e? No. She is a woman who interviews people and then she asks people very uncomfortable questions about race. Like how many Sacks friends do you have? Name them. And it is hilarious. David Friedberg (01:11:51): It is, like, the greatest bit ever. Jason Calacanis (01:11:54): Z way shout out to Z way. Z way. It's just we went there on who who's seen it? You saw it, Jamal? David Friedberg (01:11:59): Yeah. I Jason Calacanis (01:11:59): mean, if you're on TikTok, you'll see it because she just had like yeah. She just has anybody in pocket. She she David Friedberg (01:12:05): had the George Sacks on? Jason Calacanis (01:12:07): Check your turn to the David Friedberg (01:12:08): side. Here. Yeah. Wow. Jason Calacanis (01:12:10): And it was just so Incredible. Crazy. On the podcasting front, Shout out to our friend, one of the poutro. If you don't listen to the goop podcast, she does, like, interviews every other time. Really good. Red scare, another great alternative podcast I like to listen to from the dirt bag left, as they call it, and, shot preper hours, cafe insider cafe.com. Alright. I think is this the end producer, Nick? Are we here? Did we make it? Last one. Last one, we have a special award here, the self immolation award. This has been named after Rudy Giuliani. So Rudy Giuliani, self immolation board. And I this is a tough one to give this year, Sacks. Who who do you have? Because This could be quite self referential here. Go. David Sacks (01:13:00): I am gonna name Liz McGill, the now former president of the University of Pennsylvania. Who had been vomiting on herself for 2 months in the aftermath of October 7th before she even appeared at that congressional hearing with the presence of Harvard MIT. She answered what was clearly a moral question with a tone deaf legalistic answer saying that advocacy of genocide against Jews depends on context falls into question whether one is smart enough to be university president. It's not a job that demands that much intelligence, but it does an instinct for knowing when and how to cover your own ass. When she was finally forced to step down, it felt like a mercy killing Jason Calacanis (01:13:41): Yeah. Was she the one smirking too? Yeah. David Sacks (01:13:43): She was Jason Calacanis (01:13:44): the one she had the aqua swirks. That was what I found the most Yeah. Appalling was the aqua Sacks. David Sacks (01:13:49): Yep. Jason Calacanis (01:13:49): Shamath, who lit themselves on fire most of all this year? Who who poured gasoline over their heads and just lit up a stogie? Chamath Palihapitiya (01:13:58): I think it's the brand and reputation of the Ivy's. I think that there was irreparable harm done. Jason Calacanis (01:14:03): Well done. Yes. Chamath Palihapitiya (01:14:04): We've had generations now that have been taught that that is where we send our best and brightest kids. But it turns out that they're getting indoctrinated into some very kind of extreme rhetoric that then produces these incapable first principles thinkers that will be the destruction of our society if we don't fix it. So I think Harvard applications were down 17% already. I expect that trend across the IVs to go way up. I expect contributions to go down. I expect governments to ratchet down their spending in those schools. And I expect some folks to try to take away their nonprofit status. So I think that we are going to reallocate the brand equity of the IVs to good schools. And we will know what the good schools are based on their independence, their ability to churn out first principles thinkers, and their respect for Friedberg of speech without being moral idiots. Friedberg. Jason Calacanis (01:15:14): What do you got? Well well, Sachima. David Friedberg (01:15:15): Ivy League presidents. Jason Calacanis (01:15:17): Okay. Well done. No no no need to add too much more there, I guess. You know, I was torn here between the namesake of this very award. If you missed it, Rudy Jolley Giuliani had a $150,000,000 judgment against him maybe 2 weeks ago, for slandering 2 poor innocent people in his electoral scam that he ran with Trump, and he I think is going to get indicted next year for these fake electorates. So follow the fake electorates 1, but that was a close one for me because Kanye West also lid himself on fire in the past year with the Adidas contract and his anti Semitism getting kicked off Twitter X. But I feel like that was mental illness. And I think Rudy Giuliani is just stupid. So I give it to Rudy Giuliani, the namesake of this award. And I hope Yeah. What I can tell David Sacks (01:16:04): you about that, Jake, Al, is I'm not gonna defend him or his actions at all. However, I do think I do think that judgment was excessive. And Sacks part of a pattern of ridiculous judgments that we see when you have, for example, a DC jury pool, judging a conservative or a Republican whose politics they disagree with, that plaintiffs only asked for $48,000,000. The tree awarded three times that. It's an excessive award, I think, a few $1,000,000 as a penalty would have been a perfectly nice award. I think to bankrupt demand, which is what you're talking about, is becoming a bit of a pile on, and I'm all in favor of Rudy being the butt of jokes until the point where really you're talking about destroying his life, I think it's gone way too far. Jason Calacanis (01:16:53): Yeah. These are words, are curious at how large they are. They all get appealed though, and they all come down. So I'm sure that'll come down by some massive percentage in the near future. Has been the year end episode. Can you believe it? We made it another year, guys. Here we are at the end of 2023. We'll do our predictions next week. So you'll get our amazing predictions for 2024 in the next episode. Any closing thoughts on the year we just Friedberg. How are you feeling here at the end of the year? Are you hopeful? Are you cheery? Are you sad? Are you excited? David Friedberg (01:17:26): I've been up since 5 AM, and I just drank beers. So I'm pretty tired. But, with respect, that's kinda how the whole year feels, actually. Feel like I exhausted. Yeah. I just got up early, cranked through the day, had some beer, and I'm ready for a nap. But I'm I'm probably more optimistic going into 2024 than I was going into 2023 because that's on a personal Jason. And I think, yeah, there's just a lot going on today in the world. Jason Calacanis (01:17:54): Yeah. It's complex. Isn't it? David Friedberg (01:17:56): I do think as long as we embrace the enlightenment and don't embrace the dark ages. We we stand a shot at keeping progress alive, and I think that's the the the the defining characteristics of human civilization, it's progress. And that's I I think ultimately resolves all the conflicts and other things. We just gotta keep it alive. Jason Calacanis (01:18:14): Sacks, Jamath, how are you feeling here as we wrap up 2023 and looking into 2024? Chamath Palihapitiya (01:18:19): I think 2022 2023 have been Looking back the most important 2 years of my professional career, I think I benefited like we all I think I think all four of us could say this. Of just an incredible set of tailwinds. And 2223 were the first time where I was in a position of influence and capital and power where I had to confront that those tailwinds can quickly become headwinds and that we are not impervious to them. So I like feedback. I'm looking forward to 24 where I can try to put all these learnings to good use. So It's been generally good. And 23 was the most important year of my life in the sense that I got remarried. So that's been a huge personal highlight. Jason Calacanis (01:19:05): Yes. Beautiful. Chamath Palihapitiya (01:19:06): Love that you guys all came to that as well Jason Calacanis (01:19:08): as a highlight for us too. Absolutely beautiful. Chamath Palihapitiya (01:19:10): But, yeah, I'm ready to I'm ready to turn the page on this year and start 24. Jason Calacanis (01:19:14): Sacks, any closing thoughts here? David Sacks (01:19:16): Well, I think one of the biggest surprises of 2023, is that we David number I mean, I think most people were betting on a recession in 23. They thought that a soft landing would be almost impossible. And in fact, the data is that soft landings almost never occur. Remember what Larry Summers said to us at our all in summit this year, which is soft landings are like second marriages. It's the triumph of hope over experience, meaning they almost never happened. And so the fact that we didn't get that, I think that was basically a pretty important bullet dodge. Now that being said, I do think that the whole B2B software industry definitely went through a recession, but fortunately, I think we bottomed out and I'm starting to see green shoots now. So things are returning to normal. On the global stage, Things are still okay in the sense that the US is not directly in a war, but, man, it is pretty scary. We could be pulled into a war in the Middle East anytime. We still have a proxy war going in Ukraine. So there are a lot of risks still on the horizon. Jason Calacanis (01:20:20): I'll just say for the gentleman and for the audience, it has been wonderful to have all of you, the audience, the fans of the show, and universities, in my life. Over 2 really tough years, it was also very proud of myself going into them. I knew I was built for war, and, it was a war the last few years. It was difficult. It was hard. But we all, I think, learned a lot and came out stronger because of it, and I just wanna give a particular shout out. To all of you guys for making this brand extraordinary and taking it to new heights. Almost all the times I've I've built things, brands, and gadget, slook an eye opener, haul in, whatever it is. I it was a solo effort, and it's just been really rewarding to be part of a team. And I wanna just give a particular note to, Friedberg, who I think all of us owe a real debt of gratitude towards he took the all in summit which was a very strong start in 2022, and he leveled it up in 2023 amazingly. And I'm just so excited to to see what we do in 20 24 with this amazing brand, memberships. To kill us another 50 episode and a great All in Simon next year, I hope. So shout out to my guy, Friedberg. 4, the dictator, the sultan of science, chairman dictator. Sorry. I apologize for getting that incorrect there. We'll get it read. Chairman dictator. And the Raymond, David Sacks. I am the world's greatest moderator, and we will see you in 2024. Bye bye. David Sacks (01:21:45): Happy New Year. Chamath Palihapitiya (01:21:46): Love you guys. Hey, New Year, bitches. Bye bye. Jason Calacanis (01:21:51): To let your winter's ride. Rainman, David Sanders. Speaker 5 (01:21:56): And it said we open so sits to the fans, and they've just gone crazy lately. Jason Calacanis (01:22:07): What airliners are. Driveway checks. We should all just get a room have one big huge, George, because they're all just useless. It's like this, like, sexual tension, but they just need to release that mountain. David Sacks (01:22:32): What? Your feet. Jason Calacanis (01:22:33): What? Where did you get Murphy's our