01:16:36 · John Coogan, Jordi Hays
[01:16:36] S0: Mhmm. [01:16:37] S2: Like, the the the the sort of legacy partnership probably had a ton of exposure still. Yeah. And if you're a rainmaker and you feel like you're saddled with all these legacy, basically, owners of the firm, they make... It could make a lot of sense to bounce. [01:16:53] S0: Yeah. I mean, that happens all the time in in hedge funds anyway. [01:16:55] S2: And we're... And and this is happening real time with, like, various venture firms [01:16:59] S0: Totally. [01:16:59] S2: Where you have [01:17:00] S0: Young stars or...... [01:17:01] S2: That are... That have effectively been retired that are still... [01:17:05] S0: And they might pull out millions and millions of dollars every every year in in fees, and that fee stream is not exactly being handed over to the next generation on any short time scale, so the great great investors are moving on and starting their own firms. What else is in the timeline? Let me tell you about Figma. Agents, meet the canvas. Your AI agents can now create and modify your Figma files with design system context. [01:17:31] S2: We gotta talk about Snowflake [01:17:35] S0: Oh, yeah. [01:17:35] S2: And data What's going on? Pretty crazy exchange. [01:17:42] S0: We've had both of these folks on the show. [01:17:47] S2: Ben Horowitz posted something about, just a blog post about Databricks. Databricks is an incredible company, obviously. Ali is just is is future hall of famer [01:18:01] S0: Yeah. [01:18:01] S2: Hands down. [01:18:02] S0: He basically said my boy wicked smart.
01:18:02 · John Coogan, Jordi Hays
[01:18:02] S0: He basically said my boy wicked smart. [01:18:05] S2: That's what he said. Sridhar says, release all the numbers. Does 80% year over year become 65% when you remove pass through inference? What does it become when you remove AI natives, and how much of it is from one time software license versus a service transition? Ask for a bunch of other metrics. Curious, people want to know. PS, Ollie, happy for your success. The world is big and lifelong. [01:18:32] S0: He's just [01:18:33] S2: like And of course, so so basically [01:18:34] S0: I wish I was private. [01:18:36] S2: Yeah. So Databricks has the benefit. Yeah. Databricks is an incredible business and has the benefit of being able to selectively release numbers and not... Doesn't have to report things quarterly. [01:18:47] S0: They don't have to release any number. That's gotta be stuff leaks, they don't have to release anything. Private. That's what I'm saying. [01:18:51] S2: Even to investors leaking. [01:18:53] S0: Yeah. [01:18:53] S2: Yeah. Yeah. [01:18:56] S0: Sridhar. [01:18:57] S2: Sridhar is is is, I think, probably genuinely curious. Right? [01:19:01] S0: Yeah. Yeah. Totally. Yeah. That's actually... Good point.
01:19:01 · John Coogan, Jordi Hays
[01:19:01] S0: Yeah. Yeah. Totally. Yeah. That's actually... Good point. [01:19:04] S2: There there's part of that, but it but it came across as Yeah. As, you know, antagonistic. That's definitely one way to put it. Ali responds in that and says, I don't think we should fight the two companies that are complementary since you're not doing this AI stuff. Shots fired. I really think Snowflake should consider getting its AI tokens through Databricks. You can get both cheap open source models as well as Frontier from our platform. It all goes through Unity Gateway, has smart routing budgets and access. You can even use Omnigen, which with any harness, including Coco, which is Snowflake's harness. Most of our customers use this to reduce token spend 30% Yeah. Last few months while token count went up. Genie lets you then track all your financial...
01:19:50 · John Coogan, Jordi Hays, Ice Cube
[01:19:50] S0: This is so elite. This is so elite. If you're if you're in a little a little spat on the old Twitter, get Salon. I love it. But the the... I I think you are right about your take that he's, like, just genuinely curious because Snowflake is all... At almost all time highs. It's a $115,000,000,000 company. It's not down over the last week. It's not down over the last month. It's doing fantastically. It actually rebounded very, very significantly since, like, mid last year. And so the business has been doing fantastically. The low was was a $120 a share April tenth of this year. It's up at $320 a share. So every once in a while, you will see a a private markets company lamenting what's going on in the public markets or vice versa, and it's kind of motivated by the the the valuation shifts that are happening in one or the other. This doesn't feel like that, but it's [01:20:46] S2: funny [01:20:46] S0: that Holly is just just pitching. I love it. Anything else on this? [01:20:51] S2: Yeah. I mean, I thought I thought for for people wanting this to be a Drake versus Kendrick. This was relatively tame and [01:20:57] S4: functional. [01:20:58] S0: Yeah. Yeah. It could've gotten a lot dirtier. They could've taken the gloves off, thrown them down, started fighting. But... Oh, well. Maybe next time. We get that. [01:21:07] S2: Says generous. I was asking about the revenue, not about contributing to it. Anyways, good good fun. Good fun.
01:21:07 · Jordi Hays, John Coogan, David Rader, Jared Allen
[01:21:07] S2: Says generous. I was asking about the revenue, not about contributing to it. Anyways, good good fun. Good fun. [01:21:17] S0: Our next guests are already here. We have two. We have David Rader and Jared Allen. Welcome to the show, guys. How are you both Thank you so much for taking the time to come on the show. [01:21:29] S2: Oh, good. Thanks for having [01:21:30] S0: us. Please. [01:21:31] S2: Great to have you guys. [01:21:33] S0: Tell us about about how you guys work together, introduce both of yourselves, then we'll go into the story today. [01:21:41] S6: It's Sure. [01:21:42] S1: You alright, David? [01:21:43] S6: Sounds good. It's great to be on you guys. [01:21:46] S0: Thank you. [01:21:47] S6: David Rader. I'm one of the founders and principals at Unisports Group. We're an investment group that looks primarily at emerging sports where we do control and high influence investments across sports. So we're investing today. We announced our investment in in The Curling Group [01:22:06] S0: Yeah. [01:22:06] S6: Where we're working alongside Jared. Jared, jump in. [01:22:09] S1: Yeah. So I'm just a retired football player. And We're [01:22:13] S0: gonna hit the gong for you for this... We're very excited. [01:22:19] S2: We gotta we gotta make gongs a sport. We gotta work on this. [01:22:22] S0: Gong smashing? [01:22:22] S2: Gong smashing. Baseball players might have a good edge. I think you'd you'd out compete us. Sorry sorry to interrupt. Yeah. You announced the investment I needed
01:22:22 · Jordi Hays, Jared Allen, John Coogan
[01:22:22] S2: Gong smashing. Baseball players might have a good edge. I think you'd you'd out compete us. Sorry sorry to interrupt. Yeah. You announced the investment I needed [01:22:29] S1: rotation right there. Know, you gotta do horse right there. Yeah. Yeah. It was like going to Gong Smash. Gong Smash. Anyway, so I got into curling on a bet years ago, like trying to [01:22:39] S2: make the [01:22:39] S0: Olympics. Okay. I'm up [01:22:41] S1: with the sport. I met our CEO of The Curling Group, Nick Selsky, up at an event in Toronto. Yeah. Him and I started talking about how basically underfunded, under, you know, promoted as curling is, and how it's this kind of this this crazy sports niche sport game that that is... Takes incredible athletic ability, but no one kinda knows about it. And there's a bunch of really smart people that play it, but it's always kinda like, you know, been the side job of everybody. [01:23:11] S0: Yeah.