02:38:41 路 Markie Wagner, John Coogan, Trent Simonian
[02:38:41] S7: Yeah. I think sentiment has evolved quite a bit. You know, I think it was extremely exciting earlier in the year. And then, you know, around the board meeting times, more and more CEOs would come to me and say, hey, like, you know, how do I get ROI here? And and, you know, this is what your other customers are seeing in these domains. And so, I think now people have realized, like, you cannot just throw an agent at a problem and expect to see the result that you want. Right? For an agent to to do a useful bit of work, it needs to learn how to do that work and run it, like, quite accurately. And that knowledge transfer between how's the work done today and getting it written down enough to where AI can run it, it's just hard. And it requires, you know, we sort of jokingly call it the great migration internally. Like, you have to go and migrate these, like, tremendous amounts of rules into something that AI can touch and improve and involve. And if AI can't touch it, it's not going to be able to help it. Mhmm. And so, you know, I think deployment is really important because in yeah, until that transition happens, it's going to be hard to just throw tokens to to see better outcomes. [02:39:50] S1: Give us some backstory on what you were doing before, how you wound up here. [02:39:56] S7: Yeah. So I got my start. I got extremely into AI in middle school after reading too much sci fi, you know. A lot of Dune. A lot of mainly Dune. [02:40:07] S1: Is that the message in Dune? I thought Dune was the you [02:40:13] S12: know? [02:40:13] S1: I guess, yeah.
02:40:13 路 John Coogan, Markie Wagner, Jordi Hays, Vinod Khosla, S5
[02:40:13] S1: I guess, yeah. [02:40:15] S7: Yeah. You wanna avoid the Dune outcome. [02:40:16] S1: Well, I [02:40:16] S7: just felt like it was gonna be really important during my life, Yeah. You know, and you know, you read and you watch sci fi, you know, the biggest difference between the future and today, it's like mostly machines thinking. Like that is sort of the main a d sort of b c moment [02:40:31] S1: In hard sci In soft sci fi, it's like time travel and faster than light speed and like aliens. But I moon [02:40:41] S0: is made of cheese. [02:40:42] S1: That's the type of sci fi I'm trying to read. [02:40:45] S9: That's the [02:40:45] S1: white pill. So then walk me through the consulting work that you did and how this like evolved out of that. Was there like a clear moment where you're like I'm stopping that and starting a company or is this an evolution or a change of structure? [02:41:01] S7: Yeah. So I was initially got my start in research. So I was [02:41:04] S5: at I
02:41:04 路 S5, Markie Wagner, John Coogan
[02:41:04] S5: at I [02:41:04] S7: was at Stanford working in AI at like Waymo and Google. Yeah. And then, you know, one day I sort of realized that, you know, all the things I built like, you know, didn't didn't matter too much. And that was Friday and I ended up dropping out on Monday. And the idea was like, hey, you know, we've had software for decades. What are people still doing and and why? And I felt like I didn't really understand anything about how the world works. So Mhmm. To your point, started consulting and Yeah. The idea was like, let's just go into some of the oldest companies around and understand, like, what his software is still not touched and and what And happened when you do that, and you start doing some of the work yourself, and like going into, you know, I went to North Carolina, and you're people who've done this stuff for like decades, you realize that a huge amount of the work is really just operating procedures documents [02:41:52] S1: Mhmm.
02:41:52 路 John Coogan, Markie Wagner, Jordi Hays
[02:41:52] S1: Mhmm. [02:41:53] S7: And people are just following them. Mhmm. And that this class of work everywhere, and you know, whether it's underwriting and claims and insurance, or onboarding customers and fraud and banks, it's just still sort of done by by people and software hasn't been able to go there. The reason why is because the second you write all this code to do that process, something will change. Right? A button will move, a column will change, or maybe even the the process changes. You want yearly instead of monthly transactions. And when you, you know, automate and see that happen enough, you you realize like, hey, there's a missing kind of material here that can flex but still have guarantees. And I really just waited for the models to get better. I knew some of the researchers and said, the models of today are not it. Please let me know when they get good enough to get stuff. And I truly just waited. So [02:42:39] S1: That's great. Well, congratulations on the round. How much did you raise? I wanna hit the gong. [02:42:44] S7: Oh, yeah. So you raised $50,000,000. Congratulations. [02:42:50] S0: And thanks so much. Who besides FF is in? [02:42:54] S7: Yeah. Kleiner Perkins Kleiner Perkins. First Harmonic, Genius Ventures Cool. All all participated in the round. [02:43:01] S0: Round of applause for Genius. Love Greg and Ben and Adam. [02:43:05] S7: We love Genius. [02:43:06] S1: It's great news. Well, have a great rest of your day. So great rest
02:43:06 路 John Coogan, Jordi Hays, Markie Wagner, Farza Majeed
[02:43:06] S1: It's great news. Well, have a great rest of your day. So great rest [02:43:09] S0: of your have you on the show. Congratulations on coming out into into the world. Yeah. And I'm sure you'll be back on very soon. [02:43:17] S1: We'll talk to you soon, Mark. [02:43:17] S7: Thank you. Appreciate it. [02:43:19] S6: You all. [02:43:19] S0: Cheers. Goodbye. [02:43:24] S1: Let's see. Canva AI. We got to talk about the dog. The dog walker and the dentist. The bitter feud between a dog walker and a dentist over who owns the beach. A lakefront owner likened his neighbor's shoreline walks to a home invasion in a dispute that could be headed for the Wisconsin Supreme Court. Who you got, Jordy? Knowing nothing about this story, are you going dentist or dog walker? Pure Vibes. [02:43:55] S0: Pure Vibes? [02:43:56] S1: Flip a coin. Which one I don't know. Who you got? You don't know. It's your job now. [02:44:00] S0: Is the dentist a day trader?
02:44:00 路 Jordi Hays, John Coogan
[02:44:00] S0: Is the dentist a day trader? [02:44:02] S1: See, it's your job to pick someone wildly and then defend it throughout this article. Recent trial in Shorewood, Wisconsin had all the trappings of a minor legal dispute, disgruntled neighbor. A defendant representing himself who called his own father as a character witness. You love that. Hey, dad. Tell them I'm a good person. 130, 100 and, $313 were at stake. $313. That's 31300垄, if you're paying attention. If it, but an if academic and devoted dog walker Paul Florsheim gets his way, the case will go all the way up to the Supreme Court, Wisconsin Supreme Court that is, and reshape the contours of shoreline access to one of the Great Lakes. It started when Florsheim started walking his two dogs past the Lake Michigan property of dentist Daniel Domagala, locally known for the time he spends in a tiki style boathouse and deck that doubles as a surveillance post. From there, Domagala monitors traffic and sets off alarms to scare walkers, swimmers, and kayakers away. He's got an air horn. He's got an air horn. He sets it off when somebody comes Woah. It's crazy. Florsheim repeatedly ignored signs outside of the dentist's house that said private property behind the sign, only water access behind this beyond this point. Demagala kept calling the cops and the village eventually issued a trespassing citation rather than pay the fine and walk away Florsheim dug in at stake is what right people in Wisconsin have to take a shoreline stroll. It's high stakes stuff, and we'll be following this case closely, of course.