03:20:13 · Jordi Hays, John Coogan
[03:20:13] S0: There's never been a big into that world. [03:20:14] S1: No. Diet Coke for sure. [03:20:16] S0: For three out of the four. [03:20:17] S1: Celsius. Yeah. For sure. [03:20:19] S0: I'm not I'm not I'm not I'll I'll have a Celsius in Mid. [03:20:24] S1: I I I do drink one every every day though. [03:20:26] S0: And we gotta give it up for Satya Nadella. That's a releasing GitHub Spark, a tool in Copilot that turns your ideas into full stack apps entirely in natural language. [03:20:37] S1: Coding game. [03:20:38] S0: They're getting into the game. [03:20:39] S1: Interesting interesting that they're not positioning this as a Claude code competitor. More is like a Figma make [03:20:45] S0: Well, definitely not a Claude code competitor. This is more of like a Yeah. Yeah. Figma make, Lovable, V0. [03:20:50] S1: Competitor. Interesting. [03:20:52] S0: Bolt competitor. Could be a knockout [03:20:55] S1: drag out fight. [03:20:55] S0: Every in the future, every SaaS company will have a little text box that lets you generate more SaaS. Yeah. And this is how SaaS will SaaS oral bar. [03:21:05] S1: The oral bar [03:21:05] S0: is SaaS. Industrial. Big SaaS wants you to think Big that SaaS wants you to think that you can get in the game too. On their infrastructure. You can. You can. [03:21:15] S1: You can. We we have we have a vibe coated project that was very handcrafted as well from Tyler coming soon. Dropping soon. [03:21:24] S0: I'm very excited about that.
03:21:24 · Jordi Hays, John Coogan
[03:21:24] S0: I'm very excited about that. [03:21:25] S1: Jack, wait wait. Let's go to Tyler. Any news in your world before? You're you're taking tomorrow off. [03:21:30] S0: You're I'm not I'm just I'm not taking it off. Yeah. The Yeah. You're gonna work so hard tomorrow when you're remote. I have some breaking news. I'll bring this up. Yeah. It's not working but [03:21:43] S1: I'll Okay. Okay. Yeah. Bring up the breaking news. We got some breaking news. [03:21:47] S0: We got We got a lot Gill scoop. A lot Gill is raising a 1 and a half billion dollar fund which if closed would be one of the largest halls for a solo GP. Love to see it. Natasha's got the scoop. Hit it. I'm sure this will be oversubscribed. [03:22:05] S1: Oh, we got the wipe. I like the wipe. Good job production team. That's fun. [03:22:09] S0: Very very [03:22:10] S1: I mean Have fun. [03:22:13] S0: I could I could see a lot at some point with a with a $10,000,000,000. [03:22:17] S1: Yeah. The real the real story that's the investigative journalists have to dig into. Is there anyone else on his payroll? Because if there's even one assistant. [03:22:27] S0: No. There's he's got a fantastic team. Jacob or Mackey. He's got a fantastic [03:22:30] S1: But he's not a solo g p. [03:22:32] S0: I mean, I think he's a solo investor. [03:22:33] S1: Everyone's always the only guy around. He's got other people on [03:22:36] S0: the He's got a team but I but I [03:22:37] S1: Maybe he doesn't have another g p. [03:22:38] S0: It's probably I would He's the [03:22:40] S1: only g p but [03:22:41] S0: he has company.
03:22:41 · Jordi Hays, John Coogan, Chris Samra
[03:22:41] S0: he has company. [03:22:42] S1: What if he had like 500 associates, 300 principals, 200 partners, and he's the only GP. He's And he's I'm a solo GP. I'm a solo GP. I have a bigger infrastructure team, bigger back office than Andreessen. But I'm still don't you call me a solo GP. I'm not a platform fund. Platform fund territory. But congratulations. Absolutely an insane investor. [03:23:04] S0: Amazing. Yeah. We covered his post yesterday basically saying these are the early winners. And of course, he's in all the number one. He's in the number one company in all of those categories. We got a post here from Jack. [03:23:15] S1: Crazy run entrepreneur for a long time. Color this this DNA company. [03:23:20] S0: His book too is is Oh, yeah. [03:23:22] S1: High Growth Handbook, Legend [03:23:24] S0: He's fantastic. [03:23:24] S1: Everything he does, hits out of the park. [03:23:26] S0: Jack Corbett Yeah. Has a post He's a went super viral. I was referencing this with Zach earlier. He says, you can Venmo The United States to pay off the national debt. And so they have website you can go to. Gifts to reduce the public debt. And you can just make contributions. You can use ACH, PayPal, Venmo, debit or credit card. So if you're really a patriot, go max out your credit card for Uncle Sam and make a make a gift to this country. [03:23:55] S1: Is it a tax write off? [03:23:57] S0: That's a good question. [03:23:58] S1: Does it count as taxes? Can I just Venmo my taxes now? If I'm like I owe this much [03:24:03] S9: Probably. Send it
03:24:03 · Chris Samra, John Coogan, Jordi Hays
[03:24:03] S9: Probably. Send it [03:24:04] S1: in and then be like take that [03:24:05] S0: as a deduction. If this is not tax deductible, that would be the most annoying thing ever. Very funny. Jamie Cuff has launched PACE, the agentic process outsourcer APO for the insurance industry. Jamie is an absolute dog. Congratulations. I met I think I met him in 2021. He was at retool Oh. At the time. So excited to see him back in the game with his own startup. Yep. Brian Norgaard, he says a rating system for men in the dating marketplace was inevitable and so is one for women. That's interesting.
03:24:42 · John Coogan, Jordi Hays
[03:24:42] S1: Signal says there will never be one for women in his humble opinion. The market dynamics are skewed because every woman is going to for the same guy West Elm Caleb effect. Oh, that's an old story. I remember West Elm Caleb. That was interesting. For dudes, it's an adverse effect. Yeah. I don't know. Reviewing women that feels like that would get disapproved by the app store for some reason. It just feels odd. I don't know. We'll see where it goes. But it it is odd that I don't I haven't heard rumblings about like there's a Reddit out there that already exists because like the whole idea of like the rating system app. What was it called? Tea Tea that app? Like that like what was new about that wasn't that it was an app. It's that it was a trend on Reddit. I think Reddit or some sort of community. Some sort of web based community beforehand. But anyway weird times. I was talking to a friend of the show about tea and she said it's what did she say? Something like it's a Stalinist ritual or something like that. And I kinda went over my head but I thought it was funny. [03:25:39] S0: Yeah. I don't know how I feel about it. We're we're trying to get the founder on. You can imagine he's pretty busy at the top of the app store and getting a massive amount of hate constantly. Yeah. I don't think [03:25:50] S1: But also probably doing a lot of project management. It's in his blood. [03:25:54] S0: It really is. Yeah. Product management.
03:25:57 · John Coogan
[03:25:57] S1: Let's let's go through this fun story from Charlie Munger. Very interesting to to dig into. In 1949, Charlie Munger was 25 years old. He was hired at the law firm Wright and Garrett for $3,300 per year or $29,851 in inflation adjusted dollars as of 2010. He had $1,500 in savings equal to about $13,570 now. A few years later in 1953, Charlie was 29 years old when he and his wife divorced. He had been married since he was 21. Charlie lost everything in the divorce, his wife keeping the family home in South Pasadena, not far from where I live. Munger moved into dreadful conditions at the university club and drove a terrible yellow Pontiac which his children said had a horrible paint job. According to the biography written by Janet Lowe, Molly Munger asked her father, daddy, this car is just awful. A mess. Why do you drive it? The broke monger replied, to discourage gold diggers. Shortly after the divorce, Charlie learned that his son Teddy had leukemia. Heartbreaking. In those days, there was no health insurance. You just paid everything out of pocket and the death rate was near one hundred percent since there was nothing doctors could do. Rick Rick Garran Rick Garran, Charlie's friend said Munger would go to the hospital hold his young son and then walk the streets of Pasadena crying. One year after the diagnosis in 1955, Teddy Munger died. Charlie was 31 years old, divorced, broke, bearing his nine year old son. Later in life, he faced a horrific operation that left him blind in one eye with pain so terrible that he eventually had his eye removed. Incredibly incredibly rough and then to go on an absolutely generational run after that, man, really speaks to resiliency and perseverance. What a wild story. Anyway, we need something to cheer us up. We need to go to Howard Lutnick Investments. His his investment bank Cantor Fitzgerald is offering to buy the right to businesses tariff refunds basically betting that the courts will overturn the tariffs What? From Ryan Peterson.