01:20:26 · Jordi Hays, Alex Spiro
[01:20:26] S0: Yeah. [01:20:26] S2: And, you know, I'm using extreme examples, but you get the point that that some people run too risky and some people run not risky enough, and there's a there's a balance. But I mean, you can't be afraid of a fight or everyone's going know you're afraid of a fight. And if you're doing something cutting edge, either competitors that the world is a jealous place Mhmm. Regulators that don't understand what you're doing, short sellers Yeah. Who knows. Right? Know, more money, more problems. So it can... All sorts of things can start happening, and you cannot be afraid. You can't blink. You can't panic, and you got to fight through whatever storms come. [01:21:05] S0: Yeah. Talk about, you know, the sort of transition from what seems like at one point in your career, like pure purely practicing law to now being on the business side, being on boards. Mhmm. Is that something where, you know, it's 5050 now and ten years from now, it could be, you know, ninety ninety ten? Like, what's most interesting about actually being in the arena, at least on the other side of the table?
01:21:05 · Jordi Hays, Alex Spiro
[01:21:05] S0: Yeah. Talk about, you know, the sort of transition from what seems like at one point in your career, like pure purely practicing law to now being on the business side, being on boards. Mhmm. Is that something where, you know, it's 5050 now and ten years from now, it could be, you know, ninety ninety ten? Like, what's most interesting about actually being in the arena, at least on the other side of the table? [01:21:36] S2: The decision to go to hospital made at 21 on a whim. I could have easily ended up, you know, an intern at a bank or something. But but once I started doing it, I realized that the that the importance of it, the thrill of it, the combination of of forces in the arena, I don't think there's gonna be anything like it, and I've yet to find a business way to replace it. That being said, I've been doing it for a very long time, longer than I expected to. It's time for new chapters, and those are starting to begin, and we'll see. I mean, if I look at my legal career in the second or third inning, it would... It was where it was. My business career is not as long as my legal career is. And so it's it's forming on its own timeline and trajectory and it'll it'll take up more of my time as time goes on. And maybe if I'm on your show in ten years nobody even remembers I was a lawyer.
01:21:36 · Alex Spiro, Jordi Hays
[01:21:36] S2: The decision to go to hospital made at 21 on a whim. I could have easily ended up, you know, an intern at a bank or something. But but once I started doing it, I realized that the that the importance of it, the thrill of it, the combination of of forces in the arena, I don't think there's gonna be anything like it, and I've yet to find a business way to replace it. That being said, I've been doing it for a very long time, longer than I expected to. It's time for new chapters, and those are starting to begin, and we'll see. I mean, if I look at my legal career in the second or third inning, it would... It was where it was. My business career is not as long as my legal career is. And so it's it's forming on its own timeline and trajectory and it'll it'll take up more of my time as time goes on. And maybe if I'm on your show in ten years nobody even remembers I was a lawyer. [01:22:31] S0: Do you wish that business was more zero sum? Like I've forgiven given your history like it seems like you enjoy the fact that it's you you get to win and the other person gets to lose and one of the problems in business is that you can win and your competitor, your your your your rival can also be winning. Yeah. Even if it's on a smaller scale.
01:22:54 · Alex Spiro, John Coogan
[01:22:54] S2: Oh, I don't know that I want the other side to always lose so badly, but I I hear your point. There's something about the case that has a star, a a start, a middle, and an end. Sure. And the finality of it, the binary nature totally decrypts me. And I often have said to, you know, the Elons and Jeffs and the great entrepreneurs of our time, I don't have the patience. I don't know that I'd be... I I would have been a great entrepreneur anyway, but I don't know that I would have had the... I know I do not have the patience Mhmm. To have sifted through it for ten, twelve, fifteen years to get to the pinnacle. Yeah. So maybe it it... I I chose this path on purpose. There are business things though that that are exciting that create outside value when you put two pieces together the right way. I've got activist a bunch that is the same sort of muscle memory, and there are cutting edge things that people can do once businesses are ripe. Right? Not at the product and engineering stage, know how to do that, but as as they get riper, that that I think you can take and make magic with and do something that is very unique Mhmm. In the capital markets and in the business world that that strikes me as as awfully similar to the things that I enjoy about my current craft. [01:24:08] S1: Yeah. Talk about a little bit a little bit about the relationship with Tom Brady. How that developed? Where do you see that relationship going over your business career?
01:24:18 · Alex Spiro
[01:24:18] S2: We're partners in sports and health and wellness businesses. We don't live too far from each other in Florida, so we get to see each other every week and talk shop. You know, he's the GOAT, he's one of one, and he's a complete class act and fun to fun to work with because it's working with a close friend. Mhmm. I think that a couple of the businesses... The sports teams speak for themselves and there are more coming. Yeah. The businesses that we have that are adjacent to sports, I think people will soon learn are just as interesting. Flag one for you, is the company Aescape. Yeah. Which is a robotic massage company. So you can go into Equinox, we're in a bunch of gyms, hotel chains, all over the country. You can book it online, and you can go in and you go in and rather than a human massage therapist, a robot will give you massage. It's the Tom Brady protocol. They are trained by his liability coaches that kept him playing for twenty three years and seven championships. Yeah. It has a unique method that keeps you limber, and keeps you lean, and keeps you fit, and keeps you healthy and upright. And it's remarkable what it can do. It's the only one of its kind. It... They're the only robots that are trained to interact with people this way. Most of these robots are trained to stay away from people. Yeah. And I'm and I'm telling you, it it it... This company as it continues to grow is going to change healthcare because it's an overlooked aspect of healthcare and everyone's gonna be able to get Tom Brady level massages in the coming months and years. And I think that this company is gonna be a very special thing.
01:25:54 · John Coogan, Alex Spiro
[01:25:54] S1: Yeah. That makes a of sense. Love it. Are you a believer in the kind of like this barbell effect that's happening in a lot of venture capitalists are investing in like AI and the most frontier technologies and then also sports teams. We see this with Thrive. And there's this excitement about something that can never be disrupted by AI, something where you have to go to the sports stadium. Is that is that an overarching thesis for you or something you you you agree with? [01:26:20] S2: I don't know that it's an overarching thesis, but it's obviously a fair enough hedge. [01:26:24] S1: Yeah. [01:26:24] S2: I mean, my view on that is is more more... Maybe more simple, which is beachfront real estate and the the unique blue chip sports team should continue to go up in in value as this generational wealth is both created in this AI technology boom Mhmm. And is the transition of wealth that's never been seen before happens in the next ten years. [01:26:44] S1: Mhmm. [01:26:44] S2: And so if you own the beachfront real estate or you own the n of one sports team, you would think that there'd be more people that are in a position to afford it as long as it doesn't get, you know, evaluations don't get too extended. Yeah. You would think that they would keep going up because it's a finite supply. [01:26:58] S1: Yeah. No. Makes sense. Supply and demand. I love it. Next question?