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?
01:26:58 · John Coogan, Jordi Hays
[01:26:58] S1: Yeah. No. Makes sense. Supply and demand. I love it. Next question? [01:27:03] S0: What is your... Like, we're a very interesting time on the Internet. Obviously, our favorite platform is X. And X is going through something right now that I imagine a lot of your clients are frustrated with, which is that like, you know, fake news travels, you know, all around the world like ten minutes and can do real damage to individuals and brands, companies, whatever, before you can slap a community note on on something. And usually by the time something is community noted, a million people saw it already. And I'm curious, like, what... Like, is there a solution there or is it the new normal and, you know, brand... Your your brand, whether you're an individual, you know, you could be an athlete, a celebrity, or a company, is just gonna be harder to manage, indefinitely. I'm assuming you got you get like messages here and there from somebody that says like, hey, somebody just posted this thing about me or my business. It's completely fake. And right now, there's effectively no recourse. You can get, you know, posts can be taken down, but but but you know, the the original poster still has a lot of authority around it.
01:28:16 · Alex Spiro, Anish Agarwal
[01:28:16] S2: Yeah. I get that email every day. And it is complicated. I will say that I talked a little bit about juries before and how I talk to them. Human beings have never tried to decipher this much information, noise or otherwise ever before. Right? I don't know why anybody thinks that the human mind can keep track of all of this information, disinformation, fake, bot, or otherwise. And so the question is is there become a tipping point when it's not really free speech, it's chaos. Yeah. And what to do and what to do about it. Because the other thing that happens is these nameless faceless voices are harder to also not just decipher or how many of them there are, but but the veracity of them because they're not in front of you. You know, we we are very good when we can eyeball somebody Yeah. And we can say okay, this person... I mean we do this automatically as people. This person is put together, they do not seem to be under the influence of any substance. [01:29:17] S6: Mhmm.
01:29:17 · Anish Agarwal, Alex Spiro, Jordi Hays, John Coogan
[01:29:17] S6: Mhmm. [01:29:17] S2: They do not seem to be in a cognitive dissonant state where they don't know what the hell they're talking about. Mhmm. They seem like they're somebody that might know what the hell they're talking about and we judge this quickly. Yeah. On the internet you can't do that. And so the combination of all of these things I'm describing leads to a steady state of chaos and what the answer is I'm not sure. What I think has happened collectively is we've all basically decided that we're not going to cancel culture people as quickly as we might have in an era ten years ago. Yeah. And because we're just gonna take everything a little bit with a grain of salt and forge ahead. [01:29:53] S0: Yeah. [01:29:54] S2: And so it is unfortunate when that happens with businesses and if there's real life consequences, think you gotta do something about it. I mean... [01:30:01] S0: I know, but there's no but there's no solution. It's like what? You're gonna go, you know, one of your clients, you know, somebody... And again, right now on X, it's particularly bad where you can scroll now and unless you're in the community note program, you don't know that everything is getting community noted. Mhmm. And so 99.9% of people are just seeing stuff. It's viral, so maybe there's some truth... [01:30:21] S1: And then [01:30:21] S0: there's the stressors. And what do you do? You get... Somebody sends you a post or whatever, you can't litigate a million cases. I'm sure you'd love to, but you don't have the time.
01:30:21 · Jordi Hays, Alex Spiro, John Coogan
[01:30:21] S0: there's the stressors. And what do you do? You get... Somebody sends you a post or whatever, you can't litigate a million cases. I'm sure you'd love to, but you don't have the time. [01:30:35] S2: No. I wouldn't love to. I would not love to. So so I I got a couple of suggestions. Okay? First is I'm not on social media. I've never been on social media. The second thing is put it away and don't look at it. If you don't like what you're seeing, it's not good for you. It's not good for your [01:30:47] S1: Close your eyes. [01:30:47] S2: Mental health. It's not good for your productivity. Put it And then third is what I say to people honestly when they can't do those two things is if it's having a real life impact on your business or your life, then you know you have a problem. If you're not seeing real world impacts from it, it's just noise. So for example, if nobody... If everybody refuses to go on your show and all your advertisers cancel because of something on the Internet, then you know like listen, this is not just bothering me. It's actually not catastrophic thinking. I am having a problem, a real world problem because of this issue. Then you got to solve it.
01:30:47 · Alex Spiro, Jordi Hays
[01:30:47] S2: Mental health. It's not good for your productivity. Put it And then third is what I say to people honestly when they can't do those two things is if it's having a real life impact on your business or your life, then you know you have a problem. If you're not seeing real world impacts from it, it's just noise. So for example, if nobody... If everybody refuses to go on your show and all your advertisers cancel because of something on the Internet, then you know like listen, this is not just bothering me. It's actually not catastrophic thinking. I am having a problem, a real world problem because of this issue. Then you got to solve it. [01:31:22] S0: Yep. Yeah. Gotta say something... Yeah. Fortunately, we haven't had this issue, but it's just like I think every every celebrity is going through this. Every... A lot of a lot of tech companies are going through this where an account... Like, accounts accounts are just incentivized to share the most inflammatory thing possible every single time. And one, they directly make money on it now. Right? They're directly profiting off of it. But, yeah, I don't know. It's not not an easy solution. But...