01:37:14 · Immad Akhund, John Coogan, Jordi Hays
[01:37:14] S5: Yeah. When I started Mercury, that's actually got what got me excited that like after you build a bank account, there's so much more to do after that. You know, I really didn't wanna this is my fourth company, so I really didn't wanna do like this thing where you build a thing and then all you do is like incrementally improve it a little bit over like a decade. Like I really wanted to do something where like the start is just the start and it's kind of a platform to build a lot. So I'm exciting excited that we're like finally like getting to build build that kind of multi product strategy. [01:37:40] S0: Last question. Deployment pace for angel investing. Are you accelerating it? Are you decelerating? What are you doing on the [01:37:48] S5: angel Maybe investing I'm a little old school, but like when I think when the valuations are the highest and the hype is the highest, you should like not accelerate. You should like, you know, we saw 2021. Like, I'm trying to keep like a continuous pace. Like, I think it's total Don't [01:38:02] S1: you know this time is different? Yeah. [01:38:05] S5: I you know, I think that that that like, there's a reason for the hype and there's really exciting companies being built. But I think it's gonna be even more fun when the valuations come down after the hype dies down and you can like then deploy, you know. It was crazy no one was deploying in 2022 and 2023 when like Yeah. It was the same companies at like a massive discount.
01:38:05 · Immad Akhund, John Coogan, Jordi Hays
[01:38:05] S5: I you know, I think that that that like, there's a reason for the hype and there's really exciting companies being built. But I think it's gonna be even more fun when the valuations come down after the hype dies down and you can like then deploy, you know. It was crazy no one was deploying in 2022 and 2023 when like Yeah. It was the same companies at like a massive discount. [01:38:23] S0: Yeah. Yeah. No. I mean, the smart funds were and a lot of great companies made it through, grew even bigger and are bigger than they've ever been as you are. So congratulations on all the progress. Thank you for coming on the show. Will talk to you soon. Yeah. Have a good rest of your day. Goodbye. There have been a number of AI images hitting the timeline. One was of Peter Thiel eating ice cream in Buenos Aires. He has been spotted at a chess match. I think that image was not AI. This one is AI generated by Cat McGee, but it still sparked a bunch of funny reactions. One of them, the question you need to be asking is what delicious ice cream is almost nobody eating? Of course, the Is [01:39:11] S1: mint chip properly rated or underrated? [01:39:14] S0: Mint chip might be underrated. I think it gets thrown in with the chocolate category. It's sort of a second fiddle to the vanilla strawberry chocolate. [01:39:21] S1: Always I a mint chip
01:39:21 · Jordi Hays, John Coogan, Tae Kim
[01:39:21] S1: Always I a mint chip [01:39:22] S0: I like mint chip. I I was always strawberry. I like I like strawberry ice cream. Question. But I think as as you zoom in on this AI image, you can tell that it's AI. It's just too crystal clear, too well lit for, you know, someone to snap a picture unnoticed in Buenos Aires at a at a at an ice cream parlor. This would be this would require professional lighting to get something like this out of a camera on the fly if you saw someone. Zero to yum is what they say. Anyway [01:39:55] S1: Question Yes. John What? That I was asking you this morning. Yeah. Do you think it's better to rest on your laurels [01:40:04] S3: Mhmm. [01:40:04] S1: Or sleep at the wheel? [01:40:06] S0: I think [01:40:07] S1: have my answer but I hear I [01:40:10] S0: think in the modern era, sleeping at the wheel is increasingly safe because of self driving cars. That's right. You can be you can be sleeping in a Waymo. You could be sitting in the front seat. I don't know. Do they let you sit in the front seat of a Waymo? [01:40:22] S1: I don't think so. Maybe if there's a fourth. Yeah. Can you can you not not behind the wheel. [01:40:27] S0: Not behind the wheel. [01:40:28] S1: If not [01:40:28] S0: But what if I'm in the back and I wiggle my body through the front two seats, sit in the front, it'll stop the car? [01:40:35] S1: They're gonna come on the phone. [01:40:36] S0: They're gonna They will. Stop. Okay. Well, then it seems like it's increasingly difficult to sleep at the wheel and so perhaps resting on your laurels would be the better option.
01:40:36 · John Coogan, Jordi Hays, Marcus Milione
[01:40:36] S0: They're gonna They will. Stop. Okay. Well, then it seems like it's increasingly difficult to sleep at the wheel and so perhaps resting on your laurels would be the better option. [01:40:45] S1: Think so because it allows you to one one, it's obviously comfortable Yes. And quite relaxing. Yes. But but just because you're resting doesn't mean you can't get back in the game. [01:40:55] S0: Yeah. Also resting on your laurels implies that you have laurels to begin with, whereas at the wheel, you just have a car. [01:41:02] S4: Yeah. It [01:41:02] S1: could be might not even be your car. It's also very Lindy. Right? People have been doing this for thousands of years. Can imagine a Roman emperor [01:41:08] S0: Resting on laurels. Resting on their laurels. But they weren't sleeping at the wheel. They hadn't invented the wheel. They barely invented the wheel. [01:41:14] S1: I think they had the wheel. [01:41:15] S0: Well, would ride on top of wheels. [01:41:17] S1: They had planning they to reinvent the wheel. [01:41:19] S0: But no one had a a wagon that had a wheel that would steer the wagon. True. You had reins. They would take the horse by the reins. That's isn't that the phrase? Take the bull by the horns? What's the reins idiom? There's some sort of reins idiom. Anyway [01:41:38] S1: Yeah. No. I think I think personally [01:41:40] S0: Resting on your laurels implies that you have laurels to rest on. Sleeping on the wheel means that you just behind [01:41:45] S1: the You could be in a sudden death situation. [01:41:48] S0: Much much riskier.
01:41:48 · John Coogan, Jordi Hays
[01:41:48] S0: Much much riskier. [01:41:49] S1: High risk. High risk low reward. Yes. Almost very very [01:41:53] S0: Plenty of people rest on their laurels and just fade into obscurity. They aren't met with a with a true downfall if they're resting on their laurels. [01:42:00] S1: But sometimes you just rest, recharge Yep. And get back in [01:42:03] S0: the game. But ideally, avoid both. Ideally, you avoid both sleeping at the wheel and resting on [01:42:08] S1: your laurels. Imagine just a bunch of laurels in your driver's seat and you're just sitting You [01:42:12] S0: could be doing both at the same time. You could [01:42:13] S1: doing both. That is the riskiest possible scenario because you're gonna be the most relaxed. Yeah. Highest likelihood of, you know, careening off the road. [01:42:21] S0: You wanna avoid both. You wanna avoid both. What do you think of this desk? Herman Miller launched a gaming desk. People are saying it's tasteful. A tasteful gaming setup for once. They thought it was impossible. [01:42:34] S1: You personally find pretty much all gaming setups tasteful. Extremely tasteful. A big part of your culture.
01:42:34 · Jordi Hays, John Coogan
[01:42:34] S1: You personally find pretty much all gaming setups tasteful. Extremely tasteful. A big part of your culture. [01:42:39] S0: I love I love a gaming desk. I don't know. The the the thing is that I I don't know. This watching this video of the Coil gaming desk, it doesn't scream that tasteful to me. It seems like a minor upgrade. Probably the best gaming desk out there. Seems very functional. I also I don't know why there's a back panel there. I don't know what that's for. Is that for, passing wires through perhaps? But, how would you rate this gaming desk? Is it tasteful? [01:43:12] S1: I like it. I like the red coil. I like a pop of color. [01:43:15] S0: Okay. A little color in there. [01:43:17] S1: I love that's that that Good. Color [01:43:19] S0: red is one [01:43:20] S1: of my favorite colors. Yeah. I think have a I have a [01:43:25] S0: What is the coil for? Oh, it it takes the cable down so you can plug it in because it's adjustable. [01:43:30] S1: Almost certainly power. [01:43:32] S0: I feel like they could just thread that through the leg and it wouldn't even be there. But I guess it adds a pop of color. [01:43:38] S1: Chad is saying