尼克·罗斯伯格：F1 的火爆生意

Jason Calacanis (00:00:00): Former f one driver champion in 2016. He's getting into the venture business. Please welcome Nico. Nico Rosberg (00:00:07): They started the season with 20 drivers, and they would end the season with only 18 of Jason Calacanis (00:00:12): them left. Wow. What was the craziest you've Nico Rosberg (00:00:14): ever been involved in? Well, my my rival was my teammates. So unfortunately, it really becomes like an enemy in a way. Chamath Palihapitiya (00:00:20): What were your first few deals? Nico Rosberg (00:00:22): 11 laps, for example. Chamath Palihapitiya (00:00:23): Holy shit. Good for you. Jason Calacanis (00:00:27): This used to be an extremely dangerous sport. You had people dying every year in these tiny little cars with no roll cages, etcetera. But over time, it's become incredibly safe. The number of people dying went from a couple dozen a year in the fifties, sixties, seventies, and and now it's gotten incredibly safe. How scary is it to drive in those cars and how do you get over that fear of death? Nico Rosberg (00:00:53): First of all, hello everybody. That's a pretty that's a pretty intense start to the to the conversation. Chamath Palihapitiya (00:00:58): I just Jason Calacanis (00:00:59): I gotta get right to it. It's like, are you still alive? I mean, how are you? Chamath Palihapitiya (00:01:09): Why haven't you died yet? Nico, how are Jason Calacanis (00:01:11): you? Looked at that car. Chamath Palihapitiya (00:01:12): Justify yourself. Jason Calacanis (00:01:13): Why is there no canopy on it? Why aren't your head exposed? It's so crazy what you're doing or what you did. Nico Rosberg (00:01:20): So no, you're absolutely right. And I know better than most people also because my father actually was a Formula one racer. Yeah. And he was David Friedberg (00:01:28): racing And a champion. And a champion. Nico Rosberg (00:01:29): I didn't wanna say but yes, he was also world champion. David Friedberg (00:01:32): But you're you're sorry. I asked you backstage. You're one of only two father son world champions of all Jason Calacanis (00:01:37): time. Yeah. Nico Rosberg (00:01:37): That's true. Yeah. Jason Calacanis (00:01:38): Pretty incredible. David Friedberg (00:01:38): Which is Nico Rosberg (00:01:39): very special. Jason Calacanis (00:01:40): So I mean, your dad's out there racing. You're at home with mom, assume. This has gotta be terrifying to watch your dad do this. Nico Rosberg (00:01:49): So in his day, they started the season with 20 drivers and they would end the season with only 18 of them left. So it was a 10% chance more or less that you wouldn't make it through the season which is just Wow. That's crazy. David Friedberg (00:02:03): Wow. Nico Rosberg (00:02:03): I mean, then if you do an eight year career, like, what are your odds? Like, that's not looking very good. So there to your point. Yeah. It was the Jason Calacanis (00:02:11): death every hundred thousand miles. Now, it's a death every six, seven million miles. Nico Rosberg (00:02:15): I was very lucky because by the time I came in, they had carbon fiber chassis. They had roll they have a roll hoop now, you know, and this this protection, this halo around your head which recently saved a couple of lives in the last five years because Max Verstappen who's now the the the four time world champion at the moment, he landed on Lewis Hamilton's head in Italy with the full car and it was this halo that saved Lewis Hamilton's life. So we're very very lucky how the sport has progressed with the safety. David Friedberg (00:02:48): How did you start drive how old were you? Because I didn't realize yesterday I go into the suite that we have and they say this kid is 18 years old as a driver. I had no idea that kids that young were driving. How old were you when you started and at what point did you start to become competitive? Nico Rosberg (00:03:04): So it's a bit like with with every sport that you have to start very very young. Yeah. I started I was six. Started go karting, I was six and then racing 10 years old. Now they start racing at year at when they're eight years old. So Antonelli who was on pole position yesterday, the 18 year old. Yeah. He started racing when was eight. He was in my go karting team when he was 12. So I know him very very well and he is a generational talent but it's very early for him because he's only 18 and he he took over the car of the greatest of all time. Lewis Hamilton left Ferrari left Mercedes to go to Ferrari and Antonelli took this car from Lewis Hamilton. That is insane pressure. Chamath Palihapitiya (00:03:45): Answer this question if you could. You said generation I'll my best. So if we had to design some kind of a model, you could you define the features that he had when he was six, seven, or eight years old that could have predicted how David Friedberg (00:04:02): good it Like, it the midichlorian? Like, what do you Well, Anakin Skywalker was really good. Jason Calacanis (00:04:09): Don't know Nico, David Friedberg (00:04:10): but Jason Calacanis (00:04:10): But David Friedberg (00:04:10): they tested the Metachlorian. Specialist on Jason Calacanis (00:04:12): Star Wars lore. But David Friedberg (00:04:13): you Yeah. Anyway The Metachlorian Jason Calacanis (00:04:15): to find the Jedi Knights. You think Chamath Palihapitiya (00:04:16): that you could design something where people, kids, could come and take some kind of test? You look at your reflexes or your eye twitch speed or the way your brain works. Is there a pattern do you think that is genetically predisposed to some people to just be exceptional? Nico Rosberg (00:04:34): So we've not come to that point yet that we actually go through such tests, but I think there are a couple of things that would kind of satisfy that. One is your speed of processing because in a race car you are going at two twenty miles an hour and you have so many inputs flying at you and not only visual, also sensual, everything and also sound with the engine and everything. You have to process that so rapidly. Chamath Palihapitiya (00:04:59): How did you train for that? Nico Rosberg (00:05:02): I even had a computer program which I developed just for myself actually where I would have all these different inputs. Audio, touch, tactile, I had like a thing around here and even then visual on the computer and I would be catching these inputs like and trying to break my record and the faster I would go, the faster the program would go. So I was trying to develop these kind of things that to train my brain to move faster and react quicker. Jason Calacanis (00:05:27): So reaction time is the key skill set of a driver? Nico Rosberg (00:05:31): It's one of the ones. Jason Calacanis (00:05:32): Is there also being courageous and like something with your amygdala where like you don't have fear? Nico Rosberg (00:05:37): There's that, certainly. Yeah. Although, I would say that I am actually someone who's quite fearful and but when you're in it, you kind of also get used to things. Yeah. And you start to feel quite safe in the car nowadays because I'm not a crazy adrenaline junkie unlike most other drivers actually out there. Like some David Friedberg (00:05:55): are they You find that they are adrenaline junkies? Nico Rosberg (00:05:57): Yeah. Like someone like Verstappen is fearless, like completely or even Hamilton, you know, they're proper quite nut cases. So David Friedberg (00:06:06): The pads are a little different for everyone. Nico Rosberg (00:06:08): Yeah. There's different So there's a recklessness Jason Calacanis (00:06:10): to the personality type. Nico Rosberg (00:06:11): There is a Then of course, there's hand eye coordination. So to your point, Jamath, for young kids, probably there's a high chance that you put a tennis racket in their hand, they'll also be pretty good very, very quickly. Right. And it's a similar set of skills. Right. David Friedberg (00:06:25): Can we shift and talk a little bit about the business of Formula One? I mean, were talking backstage before the show a little bit and you shared some of the anecdotes about some of the valuations and what's happened over the last decade, decade and a half. Maybe you can, you know, just kind of paint a picture for us on how this has evolved as kind of a business and where things sit today, where they're where they're headed, and what's driven that? Nico Rosberg (00:06:46): Yeah. So I'm a venture capitalist myself and that's why I'm very interested in the business side of of sport. And F1 has gone through such an incredible inflection and there's a couple of factors that have come into play. They brought in budget caps for the teams. So the teams are spending just on their car development like north of 200,000,000 a year. Now it's like limited to a hundred and 30,000,000 a year just for the chassis itself, not excluding engine, drivers, and top personnel. Jason Calacanis (00:07:16): Hundred and $30,000,000 Nico Rosberg (00:07:18): Just for Jason Calacanis (00:07:18): that on how many cars is that like for a Nico Rosberg (00:07:20): Well, there's 10 teams. David Friedberg (00:07:21): Yeah. Jason Calacanis (00:07:22): Nobody's the hundred 30,000,000 Nico Rosberg (00:07:24): Two race cars per year. Per year. But that's just the chassis. You then have the engine, which is another 70,000,000. You then have the top driver who takes 50,000,000 a year. Chamath Palihapitiya (00:07:33): Or a hundred. Nico Rosberg (00:07:35): No. A hundred. No. Chamath Palihapitiya (00:07:35): That was the first stop and rumor to Nico Rosberg (00:07:37): go to. Yeah. Plus marketing plus plus you get to maybe 78. Yeah. Jason Calacanis (00:07:41): So fielding a team is how much? Nico Rosberg (00:07:44): Fielding a team is around you get close to 300,000,000. Wow. David Friedberg (00:07:48): Yeah. But you're saying that the budget cap allowed everything to kind of Yes. Nico Rosberg (00:07:52): Because so the budget cap brought in this cap for developing the chassis to a hundred and 30. Then suddenly Netflix also came in and Netflix has just made the sport so much more popular. It's unbelievable. David Friedberg (00:08:05): So that series really changed Jason Calacanis (00:08:07): the landscape? Nico Rosberg (00:08:07): Just in The US, you've gone from in the cup last couple of, like, six years, twenty million fans to, like, 50,000,000 fans. It's more than doubled. Only in The US alone. Chamath Palihapitiya (00:08:15): What do you think Netflix did right? Nico Rosberg (00:08:18): So Netflix the owners of f one are Liberty, which is a US right? It's a US based company. And they did very well. They opened up social media. The new generation of drivers are really social media savvy and are are like, the fan base is 40% women in America. How many women here today are F1 fans? Loads, there we go. Okay. Not too bad. Are Jason Calacanis (00:08:44): all the drivers as good looking as you or no? Nico Rosberg (00:08:46): No. I don't want to go into that kind of a Chamath Palihapitiya (00:08:49): Don't be to yourself in Miami. David Friedberg (00:08:51): So the audience blew up. Nico Rosberg (00:08:52): The audience has blown up and you asked me what did they David Friedberg (00:08:55): get right. What did they Nico Rosberg (00:08:56): get right? So what did they get right? The Netflix show, for those of you who've seen it, it's like reality TV show. It's not just a sports documentary like, hey, this guy won here, but they go they managed to capture these personas behind the scenes and you really get to see the human beings behind the sport and that's very special. They tried to replicate it in other sports like I think golf and tennis and it didn't work out as well. Because I think they got a little bit lucky also that here quite a few characters allowed them and completely opened up and allowed Netflix capture the real intense behind the scenes moment and it's just fascinating to follow. Yeah. So that's what works so well. David Friedberg (00:09:35): Before, if you come in as an outsider, I had this experience like what team are you what you know, who you support. Like, I'm not really sure, but once you get to know the personalities, you have a vested interest, you have a history, there's something that you can contextualize. Nico Rosberg (00:09:48): Let me just end on the on the business part. Jason Calacanis (00:09:50): Yes. Nico Rosberg (00:09:51): So teams like ten years ago, f one teams were like worth a hundred and $50,000,000. And they would lose 50,000,000 a year. And now, the top teams go for 5 to $6,000,000,000 10 years later. It's like eye watering. Jason Calacanis (00:10:05): It's incredible. Each other on the when you're driving the race, you try to Yeah. Bump into each other, you know? Nico Rosberg (00:10:12): A %. It's part of the game. Yeah. Have to unfortunately. Jason Calacanis (00:10:14): Explain because I'm a neophyte. I don't understand it. And I I see like once in a while, NASCAR guys pull over, they get out, they throw their helmets at each other. They get really upset. They seem like, but they seem like hillbillies. You guys seem like a bunch of Europeans and like, you guys seem like you're fancy, like a little more elegant. What do you guys do? Do you guys like spray Vufeko on each other or something? Like, how do you guys mess Chamath Palihapitiya (00:10:39): with each other? Nico Rosberg (00:10:41): Nico wouldn't watch his we had one guy push, it was Verstappen, pushed the other guy and he got like one week of community service. Jason Calacanis (00:10:48): Shoved him. Nico Rosberg (00:10:48): That was that was as far as it went. Chamath Palihapitiya (00:10:50): That's as far as Jason Calacanis (00:10:50): the physicality. But when you're in the car Yeah. Nico Rosberg (00:10:53): It's fierce. Jason Calacanis (00:10:53): It's fierce. So take us through, like, what was the craziest you've ever been involved in altercation wise? Nico Rosberg (00:10:59): Well, my my rival was my teammate. My rival was Lewis Lewis Hamilton at the time. We're both racing for Mercedes. Any Lewis Hamilton fans here today? A little bit. Okay. I'm here. Good. Chamath Palihapitiya (00:11:11): Actually, Nico, can you talk about that? In that period, he's so dominant, but the car's so dominant, and then you win. What is it like where your teammates with your biggest competitor? Like, what is that dynamic like, that psychological dynamic? It's Are you friends? Are you guys friends? Or Nico Rosberg (00:11:30): So with Lewis Hamilton, we were actually best friends when we were 14 years old. We grew up racing together in the same team, best friends, but when you get to f one, it's just so intense and so much is at stake and if it's just the two of you racing for every single time, Jason Calacanis (00:11:46): it You can't stand him. You hate him. Nico Rosberg (00:11:48): Yeah. Goes into hating. Yeah. Real hate. Can see the contestants Do Chamath Palihapitiya (00:11:52): you talk during the week or you don't even really interact? Nico Rosberg (00:11:55): No. You don't interact much. Unfortunately, it really becomes an end like an enemy in a way, you know, and internally in your own team Yeah. It's a horrible dynamic. Jason Calacanis (00:12:05): Right. Nico Rosberg (00:12:05): Because also even your the rest of the team then need to start to be neutral. They can't take any sides. So even when you win, it's not like everybody's leaning in with you. Mixed emotions. It's really a tough situation. Jason Calacanis (00:12:18): So it's like two people in the same project David Friedberg (00:12:21): Yeah. Jason Calacanis (00:12:22): Who can't stand each other, Friedberg. Yeah. They keep but you keep working together. Yeah. David Friedberg (00:12:28): People are gonna say it. Chamath Palihapitiya (00:12:29): Much of that fed your decision to retire literally days after you won the that was a little I think that caught some people off guard. Can you just tell us what happened there? Nico Rosberg (00:12:38): I was in my prime and I won that championship, which for me was my dream come true, and it was extremely intense. Thank you. It was extremely Thanks, mom. I got one I got one clap. Thanks, mom. From my mom sitting in water doing She's a Jason Calacanis (00:12:52): perfect fan. I'm just kidding. Way to go, mom. Nico Rosberg (00:12:59): Yeah. It was extremely intense and for me, it just felt like the right moment to I had a young daughter at home. She was one year old. Family, just felt like the right moment. I was in one piece to your comment, dangerous, and I just decided rationally, you know, I never wanted to exit on the way down. That's something I definitely wanted to avoid. I wanted to exit at the top and that was my moment and and I decided to pull the trigger. Chamath Palihapitiya (00:13:21): Has there been a good ROI for the car companies that that have invested in f one in that all this money that they spend, other than the notoriety, are they inventing things that we all use and see and interact with day to day in our own daily driving experience or not really? Nico Rosberg (00:13:39): So you probably will be driving an AMG at some point? Chamath Palihapitiya (00:13:42): I had an AMG at one point. Nico Rosberg (00:13:44): There you there is tech from the f one team in there now. Okay. From the for the hybrid So Chamath Palihapitiya (00:13:50): from Mercedes, yes. Is it is it Nico Rosberg (00:13:51): universal hybrid and yeah. Every every car company will be benefiting but the return on investment is also in terms of marketing. Mercedes, there's a calculated return on investment which is 2,000,000,000 worth for their brand annually. And they don't actually invest money anymore because the team is profitable now. Jason Calacanis (00:14:09): Right. Nico Rosberg (00:14:09): And highly profitable. Like, these teams make 203 hundred million dollars in profit every year. David Friedberg (00:14:15): So they now have $6,000,000,000 valuations. Is have we kind of peaked from your point of view? Is the market and the valuation curve still being climbed? Nico Rosberg (00:14:24): There's still a lot of there's still a lot of upside at the moment because this growth has just happened in the last five years. Yeah. And there's still I mean, even America, there's still loads of growth potential, more races, there's licensing. The sport hasn't really even tapped into that yet. David Friedberg (00:14:38): Do you think there's something about sports that are kind of more tuned to the way our brains now operate in a social media world, a fast paced world, like, you know, golf became Liv. I mean, Liv really kind of changed the the face of golf. There's now baseball's obviously dead. Mean, MLB has been on the decline for years in The United States. Not saying anything negative about baseball. I'm just saying that the viewership is going down. Jason Calacanis (00:15:04): No. No. No. You're you're there's David Friedberg (00:15:05): a lot of games that are left. About basketball the NBA. Chamath Palihapitiya (00:15:09): Yeah. I'll tell you this crazy anecdote. I I was a co owner of the Warriors. I sold two years ago. A friend of mine a friend of ours is in the market for a sports team, and he went to Europe to look at a bunch of soccer teams, and then we were all having dinner. And his bankers produced this study that showed exactly this problem, which is young people, their attention span is shrinking. As it shrinks, there are certain sports they just cannot watch anymore. Cannot watch. And it's totally correlated. The negative viewership in baseball, the increase in the use of clips. So people are willing to watch baseball clips, they will not watch baseball game to save their life. People will watch basketball clips. They won't watch basketball. David Friedberg (00:15:47): The NBA is moving to clips. Yeah. Chamath Palihapitiya (00:15:49): And so it's this weird construction. But in some ways, F1 is very set up for this already naturally. People don't really watch the whole sport as much as they want to watch clips, I'm guessing. Nico Rosberg (00:16:02): Not that long. Do? Don't try to say on our Jason Calacanis (00:16:05): sport as How long David Friedberg (00:16:06): is this race on-site? It's that long. It's never many many hours and it's not that long. That's the Chamath Palihapitiya (00:16:11): thing about You guys also have a of data telemetry. You can feed that kind of anxious mind. David Friedberg (00:16:16): And there's no breaks. It just goes. Nico Rosberg (00:16:18): I'm not sure if you have a point there, unfortunately. Jason Calacanis (00:16:24): But Pretty David Friedberg (00:16:25): diplomatic. I'm just trying Chamath Palihapitiya (00:16:26): to run the conversation. Nico Rosberg (00:16:27): No. What I can say is that our sport has like the highest engagement rates across all sports Jason Calacanis (00:16:32): Right. Nico Rosberg (00:16:32): Even comparing to NBA and everything. But why is that? I think there's just a huge hype at the moment and maybe yes, maybe Okay. Maybe a little bit. It is fast pacing. There's there's incredible action scenes. Yeah. Like thrilling action. There's huge crashes. David Friedberg (00:16:47): Did you not want to Jason Calacanis (00:16:48): get in the business? David Friedberg (00:16:49): Given your knowledge and experience, you didn't wanna be in the because you you now have transitioned into venture capital. How did you make that decision versus working in the business of Formula one? Nico Rosberg (00:16:59): Oh, great question. Because yeah. That's a good so in Formula one, what jobs would have been left for me now after driving would be for example running a team. But running a team is 20 fourseven, like you need full commitment, you need to move to The UK, all the teams in The UK. It's a full life dedication And I've been I've done that. Been there, done that. Now I want more freedom in my life to define my my calendar and everything and be at home more. And so that job, for example, would not be a possibility, not something I want to do. And then beyond that, yeah, you can be a driver manager, manager, but even there you need full commitment. Chamath Palihapitiya (00:17:36): So tell us about this transition then to tech and investing and venture. What was that journey and what attracted you to that? I was always inspired by people like Elon Musk, who obviously you were talking about before, and those achievements that Nico Rosberg (00:17:51): you have this idea and then you achieve something which has impacts like millions of lives. I just found that fascinating. So I I always just wanted to pursue that path so I started investing as an angel investor. Chamath Palihapitiya (00:18:02): Oh. A second. Oh. Take it easy. Angel investing. Jason Calacanis (00:18:05): What are you doing after the show? Did you have David Friedberg (00:18:07): Did you Jason Calacanis (00:18:07): ever read Chamath Palihapitiya (00:18:07): the book Angel? Phenomenal. Nico Rosberg (00:18:09): It's in Chamath Palihapitiya (00:18:09): 12 pages. Yeah. David Friedberg (00:18:11): I'll sign a copy for It's 84 pages long. Chamath Palihapitiya (00:18:14): What were your first few deals? Nico Rosberg (00:18:16): Eleven Labs, for example. Holy shit. Good for you. Pretty good. Yeah. That's that's gone really well. David Friedberg (00:18:24): How did you find that yeah. How did that come about? Nico Rosberg (00:18:26): I mean, I'm really putting an effort into this community as well. I'm spending a lot of time in the in Silicon Valley, meeting everybody and and also connecting to the European corporate landscape. So I'm bringing customers, revenues, connecting, building bridges because there's a unique angle that I can bring, you know, thanks to my sports past. So I've just built my way into it and built a reputation and then and then you start getting the opportunities. Chamath Palihapitiya (00:18:49): What themes, Nico, have you invested in that today you would not invest knowing what you know today? Not the ones David Friedberg (00:18:55): in abroad. Nico Rosberg (00:18:55): Yeah. That's the the flying taxis, the Vittles, for example. Germany was leading the way on those. You have Joby for example, Joby Aviation which is probably currently best position in The US. But Germany was leading the way with two two horses in the race and and both of them have run into trouble. One is bankrupt, one was both bankrupt I think. So that's something that then in hindsight, you of course Jason Calacanis (00:19:22): If you had read the book, you would have known hardware is hard. Nico Rosberg (00:19:26): Right. I would have avoided that. Yeah. You should have listened that chapter. I should have listened to. Chamath Palihapitiya (00:19:30): Get a highlighter out. Hardware is hard. Jason Calacanis (00:19:32): It can work. Nico Rosberg (00:19:32): Is even harder now with the tariffs. I'm hearing now, like, I have a I invested also in a cyber e scooter here in New York called Infinite Machine. Now with the tariffs, because the supply chain is so David Friedberg (00:19:44): So brutal. Nico Rosberg (00:19:44): Concentrated in in in China, it's it's just it's a complete mess. Chamath Palihapitiya (00:19:50): Yeah. Nico, what about the political landscape in Europe? There was a pretty important election in Germany. It seemed to kind of go down the middle. What goes of Europe? What's happening in Europe? The investability of Europe, the ability to do business in Europe. What do European industrial businesses do? There's a ton of skill. There's a ton of cash. When you talk to those folks, what do you tell them? Nico Rosberg (00:20:09): I know you are very, very bearish on Europe. You wouldn't put a dollar there, but is that correct? Jason Calacanis (00:20:16): Well, no. For sweaters and wine, he puts much more than a dollar. That's true. Chamath Palihapitiya (00:20:21): Pretty prolific. It's a really good question. I actually think industrials I Nico Rosberg (00:20:24): have your charters, right? Chamath Palihapitiya (00:20:25): Yes. Industrials, I would. Industrials, I think there's tremendous skill. Outside of industrials, I think it's hard. Nico Rosberg (00:20:33): Yeah. So we have the we have the problems with regulatory framework being way too cumbersome. We have the geographic fragmentation in Europe which is very different to The US. Politically, it's it's really, I mean, quite in a bad place at the moment. And so, yeah, I understand. But at the same time, as you said, talent density is insane. The universities are some of the best in the world. So that's where our hope is in the next generation that's coming now. Jason Calacanis (00:21:03): Stick to the Nordics. Nico Rosberg (00:21:04): And the Nordics are very powerful. Yes. Also in Germany. Spotify. David Friedberg (00:21:08): Yeah. A little bit. Nico Rosberg (00:21:10): So there's there's Chamath Palihapitiya (00:21:10): a lot Nico Rosberg (00:21:11): of hope still. Jason Calacanis (00:21:11): Yeah. Yeah. Hey, what's your daily driver? Nico Rosberg (00:21:13): Daily driver is a Porsche. Jason Calacanis (00:21:16): A Porsche. Yeah. And then when you're with your with your with your daughter, I don't know how old she is, but you ever like pull some tricks and like, is she like, hey, dad. Nico Rosberg (00:21:23): No. She shouts drive slowly, daddy. Really? I'm not allowed to drive fast with her. No. Terrified. She's Which is fine. Jason Calacanis (00:21:29): Which is fine. You you don't want her to get into the family business? Nico Rosberg (00:21:32): No. No. Chamath Palihapitiya (00:21:33): What do Okay. What are some investments that you're really excited by? Nico Rosberg (00:21:37): Beyond eleven Labs, there would be Applied Intuition, another one David Friedberg (00:21:41): Oh, great business. Nico Rosberg (00:21:42): Where I'm in. Chamath Palihapitiya (00:21:43): That's a really, really interesting company. Nico Rosberg (00:21:44): It's a company that supplies software primarily to all the legacy car manufacturers that have not managed this transition to being software first. Like Tesla has shown the way. And this Chamath Palihapitiya (00:21:57): It's like scale AI for automotive in some ways. Right? Nico Rosberg (00:22:01): For part of David Friedberg (00:22:01): the business. Yeah. Jason Calacanis (00:22:02): Nico, you're gonna fit right in. Have you learned to play poker yet? Nico Rosberg (00:22:05): I'm a good poker player. Chamath Palihapitiya (00:22:06): You're good poker player? Jason Calacanis (00:22:07): We'll see you on Thursday. Chamath Palihapitiya (00:22:07): Excuse me. Hold on, Nico. Jason Calacanis (00:22:09): Now 've changed his interest. Give it up for Nico. Okay. Take Nico Rosberg (00:22:14): a look. Jason Calacanis (00:22:14): Great seeing you. Thanks for coming out. Thanks to our new bestie, Nico Rosberg, for joining us in Miami for f one, and thanks to you, the audience, for tuning in. If you wanna come to our next event, it's the All In Summit in Los Angeles. Fourth Year for All In Summit. Go to AllIn.com/events to apply. A very special thanks to our new partner, OKX, the new money app. OKX was the sponsor of the McLaren f one team, which won the race in Miami. Thanks to Haider and his team, an amazing partner and an amazing team. We really enjoyed spending time with you. And OKX launched their new crypto exchange here in The US. If you love All In, Nico Rosberg (00:22:53): go Jason Calacanis (00:22:54): check them out. And a special thanks to our friends at Circle. They're the team behind USDC. Yes. Your favorite stablecoin in the world. USDC is a fully backed digital dollar redeemable one for one for USD. It's built for speed, safety, and scale. They just announced the Circle Payments Network. This is enterprise grade infrastructure that bridges the gap between the digital economy and outdated financial reals. Go check out USDC for all your stablecoin needs. And special thanks to my friends, including Shane over at Polymarket, Google Cloud, Solana, and BVNK. We couldn't have done it without y'all. Thank you so much. Speaker 5 (00:24:05): We should all just get a room and just have one big Speaker 6 (00:24:08): huge orgy because they're all just useless. It's like this, like, sexual tension that they just need to release somehow.