00:47:45 · Jordi Hays, John Coogan, Gavin Baker
[00:47:45] S0: Can't even ask the models. [00:47:47] S1: You can't even ask the models. They don't know how. Anyway, let me tell you about Cisco. Critical infrastructure for the AI era. Unlock seamless real time experiences and new value with Cisco. DoorDash is in advanced talks to acquire delivery rival Instacart. The deal could complete [00:48:03] S0: Let's give it up for advanced talks. [00:48:05] S1: Advanced talks. The deal could be completed as soon as this week and value Instacart around $17,000,000,000. It's a pretty great... I I don't know where Instacart's been trading. I don't know what its all time high has been, but I know as a YC company, it's from an era where $17,000,000,000 is a grand slam. I know we're in the AI era and we're looking at $60,000,000,000 acquisitions and crazy, crazy, crazy numbers that get even higher, but really a testament to what the Instacart team built with a delivery network that was highly competitive. Uber Eats, DoorDash are going up against a lot of different companies, and they built this business to a place where it can, you know, trade at $17,000,000,000 I'm just impressed with that as someone who saw them when they were in YC. But... And you invested, of course. Of course. Of course. I definitely backed up the truck. Play the sound effect for me when I had $5,000 in credit card debt, negative net worth, not not investing in Coinbase, not investing in Instagram. Instagram was in my YC badge. Like, I got the demo. Like... [00:49:11] S2: What? What?
00:49:11 · Gavin Baker, John Coogan, Jordi Hays
[00:49:11] S2: What? What? [00:49:12] S1: Instacart was in my YC badge. Like like, they were, like, at the YC demo day with us and, like, we were at parties with them. I remember just hanging out on a roof in San Francisco with them and, didn't write a single dime in. [00:49:25] S0: You know a lot about the history. Anyway. Pop quiz. What is Instacart's entity called? [00:49:33] S1: Oh, that's a good question. I don't know. I I I can't I can't... It's gonna... [00:49:39] S0: It's animal themed. Animal themed? Canada themed. [00:49:43] S1: Canada themed? [00:49:45] S0: Moose? Maple Bear Inc. [00:49:48] S1: Maple Bear Inc. Okay. [00:49:49] S0: And they haven't updated it yet. Interesting. So when you Google Instacart [00:49:53] S1: Inc. [00:49:54] S0: It will link you to Maple Bear Inc doing business as Instacart. Interesting. Which is crazy to me. Crazy to, like, [00:50:00] S1: have so many options. Company and didn't just redo that. That's wild. But, yeah, this happens all the time with YC companies because a lot of people get into YC with one idea they incorporate. Back then, it was done on a product called Clerky. This was pre Stripe Atlas. And [00:50:13] S0: Yeah. They still have Maple Bear Inc. DBA Instacart, like, in their footer. [00:50:17] S1: Wow. Yeah. They probably got in as, like [00:50:20] S0: Feels like doing
00:50:20 · Jordi Hays, John Coogan
[00:50:20] S0: Feels like doing [00:50:21] S1: some tech company or we're doing some other thing or we're doing software or whatever. And then and then during, during YC, they might have said, like, oh, well, you know, we should we should... It's kind of a hassle going out for groceries. Let's figure that out. And then they built that and, and and got it off the ground. Yeah. It it was it was fascinatingly manual at the start and then, of course, scaled and scaled and scaled. So Instacart went public in 2023. We had a market value around 13,000,000,000. The the shares rose 8% Monday following the report. DoorDash has a value of around $8,073,000,000,000 dollars. Its shares dropped 6% Monday. Buying Instacart would add a major grocery delivery partner to its growing roster of services. Instacart's core business involves online grocery shopping. I think this makes a lot of sense. Like, they are competitors, but they fill slightly different segments of the market between grocery delivery and and food and dinner delivery, like actual prepared meals. And they could work together really, really well. And it would it would allow them to differentiate against Uber. What do you think? Do you think this deal makes sense? [00:51:31] S0: I have no idea. [00:51:32] S1: You have no idea? Okay. [00:51:33] S0: I have no idea. [00:51:34] S1: Do think it'll... Would get approved by the FTC? [00:51:38] S0: Hopefully. [00:51:39] S1: I think it It [00:51:40] S0: just it just [00:51:41] S1: But, you know, it is it is close ish to creating more concentration in
00:51:41 · John Coogan, Jordi Hays
[00:51:41] S1: But, you know, it is it is close ish to creating more concentration in [00:51:47] S0: the market. Yeah. Yeah. [00:51:47] S1: Yeah. Which I think is what they need right now. Yeah. Because there's a lot of competition, and and there will be lots of other products in this category. But, yeah, it does feel like something where a previous FTC would look at it and say, I don't know. Yeah. Let's think about that. Yeah. Anyway. [00:52:02] S0: Yeah, it just feels like one of those things, if it doesn't happen now, there won't be value destruction. Right? [00:52:08] S1: I [00:52:09] S0: just think that DoorDash is generally sort of an unstoppable force. [00:52:15] S1: Yeah. Great company. Both great companies. Would be cool to see them pair up. What is going on in the NBA? They got a soundboard. Did I hear a special sound effect? My favorite sound effect? One of the six that I have access to over here. Let's play this clip from the NBA. I'm surprised we can actually play this. I I I thought the NBA was extremely restrictive. [00:52:38] S0: No. We can't. We can't? We'll be demonetized. [00:52:40] S1: Let's see. I wanna hear it. Oh, they played it. There we go. Okay. Get it off the screen. I don't wanna get taken down. [00:52:49] S0: No. It's over. It's over.
00:52:49 · Jordi Hays, John Coogan
[00:52:49] S0: No. It's over. It's over. [00:52:50] S1: That's very fun. I like that. Let's see. The Alpha, Waymo, Turbo, MOGS, the Beta, Zooks, the Sigma Cyber Cab watches on a muse holding frame. They they... All three of them were caught on the same street? That's actually funny. I I love that the cyber cab went with, like, gold because I see it as a nod to the yellow cab. I see it as, like, a taxi color more than, like, it's golden ostentatious. What do you think? [00:53:16] S0: This is really funny. [00:53:17] S1: This is really, really funny. Holding frame. Doomr, very funny post. It's actually pushing it out of the way. This is like... This is a new new benchmark, new new arena, new new LM arena feature, AV arena. They they should do AV arena at arena where they put them all, like, demolition derby style in, like, a corral, like, it's a rodeo, like, a monster truck rally, and they all have to do... What's that called? There's some game. Twisted metal. You know that? You know, Twisted metal? Anybody? [00:53:57] S0: Do you think Waymo should enter the World Rally Championship? [00:54:02] S1: It'd be amazing. I think all I think all the AV companies should be doing like events and... [00:54:07] S0: Well, I think some... One one of them... I think it was Xiaomi just did an autonomous run at the Nurburgring. [00:54:15] S1: No way. [00:54:15] S0: Yeah. Yeah. How did you... About ten minutes. [00:54:17] S1: Ten minutes. Wow. Not superhuman yet. Good luck. What do you think of electric motorcycles, Jordy? [00:54:28] S0: I have one.
00:54:28 · Jordi Hays, John Coogan, Gavin Baker
[00:54:28] S0: I have one. [00:54:29] S1: Do you think... Do you like electric motorcycles more than electric cars or electric cars more than electric motorcycles? [00:54:37] S0: I got mine because it's silent. That's cool. Like, a relatively silent, and I just didn't wanna bother. It's like a dirt bike. [00:54:43] S1: Is that... Is the benefit that, like, you're more likely to be riding in nature where it's quiet? So the... Because if you're just on a freeway, whether it's silent or not, there's so much road noise, it doesn't really matter, like... [00:54:53] S0: No. It was purely, for my neighbors. Like, just thought it... I thought it'd be mildly annoying to them. [00:54:59] S1: Yep. No. That makes sense. [00:55:00] S0: Like, if I'm riding over to a friend's house [00:55:03] S1: Oh, sure. [00:55:03] S2: Sure. Sure. [00:55:03] S0: Sometimes I'll be Yeah. Riding, like, at night. [00:55:06] S1: Yeah. I was doing some analysis on, like, is it going to be in the future? If cars continue to electrify and the vast majority of cars are electric in a couple years, will be... Will living next to a freeway be less annoying? Because you won't have all the engine noise and all the smogs. So maybe it won't be that bad living next to a freeway if you can't see it. You know? What's the problem? Well There's tons of road noise, though. [00:55:32] S0: There's gonna be the lone Harley Davidson. Yeah. Just taking full advantage. [00:55:38] S1: And the guy was... [00:55:38] S0: The funny thing is that the... Dodge Charger. You know, Harley Davidson having EV troubles [00:55:42] S1: Yes.