01:15:25 · Zak Kukoff, Jordi Hays, John Coogan
[01:15:25] S5: Yeah. [01:15:25] S0: Yeah. And his pushback was basically, we're way more efficient [01:15:28] S1: Yeah. [01:15:28] S0: To you know, you can get to 10,000,000 of ARR with a small team. Yeah. I pay people a lot and I also you can also give them a lot of equity. Yeah. [01:15:37] S1: Interesting. I I do I do worry a little bit about just as we see more meme stocks, it gets more tempting. So for like like and that that meme about like you have five years to get the bag Escape the permanent underclass. Permanent underclass like and and if you're just seeing people get away with things that feel crazy and you're like, well they like everyone else got away with it. Maybe I should get away with it too. It is it is sad we need Gen Z founders building permanent structures, institutions, products that will outlive them. And there hasn't been a ton of those. Alex Wang was certainly the the leading candidate as kind of all star gen z company. [01:16:17] S0: Yeah. And people people were pissed when I mean a lot of people were super happy when Ross Ulbricht was pardoned. Yeah. A lot of people were upset. Yeah. They were like he was dealing drugs on the internet and tried to kill someone. I think there's Allegedly. Allegedly. Well, Is it alleged? No. I think I think he did order the hit Yeah. But it didn't work. [01:16:36] S1: Okay. Okay. [01:16:36] S0: Like it didn't go through because he was talking with a with a undercover agent. [01:16:40] S1: It happens to the best of us. Sometimes sometimes you put something on [01:16:45] S0: the Trump's like, who hasn't ordered a hit?
01:16:45 · Jordi Hays, John Coogan, Alex Hawkinson
[01:16:45] S0: the Trump's like, who hasn't ordered a hit? [01:16:47] S1: Yeah. Sometimes you put You [01:16:48] S0: never ordered one hit? [01:16:49] S1: Not even one. Sometimes you put something on on an underling's to do list and they just forget about it. It happens. And you're like, ah, they dropped the ball. It happens. Anyway, in other better news, there's a profile in Colossus of Rompton, Naomi That boy. Who you you've worked with, you've met and he says [01:17:09] S0: He's a dear friend. [01:17:10] S1: We we've been quietly building Abstract for nine years. He's your friend. He hasn't been on the show? [01:17:16] S0: Well, he's never done any media. Literally never. So this is like the first significant media that he's ever done. Interesting. He's been very very under the radar. Yeah. [01:17:24] S2: We don't [01:17:24] S0: have to list out his full portfolio but if you look at you can go to abstract.vc and check it out. Backed a lot of incredible companies. He backed my last company. Yeah. Was was an incredible partner and has been a true friend throughout as long as I've known him. Fantastic. And I'm excited for him to talk about it. It's a crazy story. He had a fund, blew up, went bankrupt when he was 24 and he's 34 now, has 1,800,000,000.0 under Wow. That's impressive. And he's an absolute dog. I can't wait to see him at the top of the Midas list. For sure. It's gonna happen.
01:18:03 · John Coogan, Jordi Hays
[01:18:03] S1: So that will be in the next edition of Colossus Magazine which you should of course subscribe to. Yeah. You can read this article now. The man with the hot hand needs to link up with the man with the hot leather jacket. Jensen Huang apparently dropping a bombshell at the AI summit that we were just talking to Zach Kukoff about. I have 60 plus leather jackets. My wife picks them. That is the scoop that I need to hear. Bev, thank you for reporting on the ground. Jensen Huang says I have 60 plus leather jackets. That's a lot. One for every week of the year. I love it. Anyway, another quote from which you mentioned, Jensen Huang. America's unique advantage is that no country could no country could possibly have is President Trump. He is happy to be partnering with the president, the commander in chief. Also, a reconciliation of sorts between Delian Asparouhov and Chamath Palihapitiya. In DC, they're comparing Anacondas and a I r r's. Delian and Chamath of course to put the timeline in turmoil a couple weeks ago talking trash to each other. All friendly. All's fair in love and war. [01:19:16] S0: All's fair on [01:19:17] S1: the timeline. Taking a friendly picture together. You'll love to see it. I love a reconciliation even if the the the language is a little vulgar for my taste. But, great to see two capital allocators hanging out in DC together. Christian Garrett also broke it down. [01:19:34] S0: Man behind this behind the scenes pulling all the strings pulling all the strings.
01:19:38 · John Coogan
[01:19:38] S1: Last night was truly something special. David Sachs and the all in pod brought Jacob Helberg and Deli and I in to something that we'll all never forget. The business of America is business as Calvin Coolidge said. It was never more important than last night. Friedberg stressed the importance of showing how the everyday American and those who the system has not worked for are already experiencing job creation and transformation due to AI. Winning the AI race will be a bigger will be part of a bigger story that benefits us all. There were members of Congress from both sides of the event showing how there is a unified front that's bipartisan around techno industrial policy and the opportunity AI presents itself. Jacob Helberg and those in the admin now have to get to good work. Amazing work, dude. Congrats as Will O'Brien. Bobby Good Latte says saw some of the post looks absolutely epic. So all three former guests you love to see it. So president Trump said he had planned to break Nvidia up until he learned who Jensen Huang was. What's funny is I don't I I don't even know how you would break up NVIDIA. Like it's it's just just a it's a fabulous semiconductor company. Like they it's not like the Intel thing where you have you have a fab and then you also have a design company. I mean I guess you could break down like gaming and AI training or something or I I just I I don't know where the dividing line would be would be. It's really just like they haven't The story of Nvidia isn't They they don't have an Instagram. It's not They they don't have a story of, oh, they acquired this company and it and it got really big and it saved them from disruption. Yeah. Could
01:21:15 · Jordi Hays, John Coogan
[01:21:15] S0: break it up and say, okay, you're gonna have an AI division and a gaming, you know, [01:21:20] S1: but gaming's like a rounding area. Yeah. I mean, they have some other stuff that's in there. I mean, I don't know. You break out CUDA or something. I don't [01:21:27] S0: I don't know how you force Jensen to sell off the majority of his jackets. [01:21:31] S1: Yeah. Yeah. Break up the jackets [01:21:33] S0: Pay down the national debt. [01:21:34] S1: But anyway, Jensen's been in DC. We saw him there a couple weeks ago, couple months ago and he's been doing the work to get to know Donald Trump and it has worked out spectacularly. And now, Jensen is the [01:21:46] S0: I have a I I we I I this will go unmentioned but I had a we have a friend of the show and Jensen walked up to us and the friend introduced himself and his company and Jensen didn't know the company and he's like, oh, it's so bearish for me. [01:22:03] S1: Wait, that was Jensen? Yeah. Oh, okay. I know the other side of that story. [01:22:07] S0: Didn't realize it. [01:22:08] S1: I thought it was a random person. [01:22:09] S0: He's like he really took it personally. [01:22:11] S1: Yeah. Well, [01:22:12] S0: you know, he's been on a generational run since. You wanna
01:22:12 · Jordi Hays, John Coogan
[01:22:12] S0: you know, he's been on a generational run since. You wanna [01:22:14] S1: be known by the greats? The folks who only worked at Denny's and then started a generational company. Never ignore anywhere This is an interesting thread by Kevin Bryan talking about how the New York Times is reporting on the AI action plan. Kevin says, come on man. There's no way you can read the AI action plan and think this is the first order thing that that the first order thing that New York Times readers should know about it. Anthropic is positive. AI has huge implications for the national economy, defense, future of science. Half this article is about copyright. It is wild how much tech journalism comes from a place of extreme hostility towards the technology. It often reads like a r f k writing articles about new pharmaceutical breakthroughs. No wonder the Silicon Valley set completely ignores this. And then he closes with a post about, 90% of mainstream writing on AI is one encoded bias, two theft of copyright, three wasting water and electricity ad nauseam. Gangs gang folks in these labs think they're curing cancer. Honestly, Who gives anything about one two and three given that even if those worries were true they aren't. If you think those three things are the most important policy issues or even the biggest downside risks of AI and I mean this in a let's be real not