00:27:13 · John Coogan
[00:27:13] S1: Doesn't look good. Here's a gambling strategy that might work out, not financial advice, but the Monarch Casino and Resort. If you this company went public in 1993. And if you went to the Monarch Casino and Resort and every week you gambled a $100 on their stock by buying the stock, over the run, one just gambling $100 a week on their stock from 1993 to today, you would have put in a $174,000, and it would be worth $3,300,000. So it just depends on where you want to gamble. Mhmm. Gamble on the stock potentially. It's a fascinating company. Golden Door Motel. Family owned. They have two assets. They have two they have two casinos and this company is just absolutely printing. 36% EBITDA margin and they buy back stock and they also pay a dividend. It's just two properties, Reno and Black Hawk in, where's Black Hawk, in Colorado. And they've just grown this like small chain of casinos and the company and the stock's done very well. So own the house, don't bet on the actual casino. Stay out of the casino. Stay in the stock market potentially. Anyway, moving on. Google Gemini, there's some news there. Google AI overviews decreased outbound organic clicks by 40%. Eric Souffert is sharing a new paper by researchers at Carnegie Mellon and the Indian School of Business finds that AI overviews were triggered in roughly forty one percent of observed Google searches and when triggered reduced outbound organic clicks by about 40%. That seems like one to one. The presence of AI overviews increased the likelihood of a zero click search by roughly 35%. Everyone is going Google zero at this point. And the founder, Josh Marshall, of TalkingPointsMemo wrote about Google AI, oligarchy and the end of the open web. It's an interesting read, but
00:29:14 · Jordi Hays, John Coogan
[00:29:14] S0: we'll go through it another time. December 2010. What happened? Demis was scraping together a couple million bucks This is a crazy for a small company called DeepMind. This is for a founder that just like, you know, had their started their career in the last few years. This is like in inconceivable. [00:29:36] S1: Mhmm. [00:29:36] S0: They're like, wait, you mean two on 50. Right? It's like, Sold Two on 50. Half the company Two on at 5,000,000 post as one of the most elite. Can you imagine what Technologists in the entire world. [00:29:52] S1: If it stayed independent this whole time. I don't know. May may maybe there'd be another another path or something. [00:29:57] S0: Are you saying they sold too early? [00:29:58] S1: It seemed like they sold too early. I don't know. Hard to say. Hard to say. [00:30:04] S0: Paper hands? Paper hands, Pete? [00:30:06] S1: No. No. No. No. I think all the VCs didn't want to sell. Especially because the whole Google thing, that was like the whole story was was don't sell to Google. Google's like the bad one. Which is funny because like Google's been very responsible and and you know, great great company. I was I was playing around with v o three or v o four. Where where are we in the v o models? So good and yet still not indistinguishable from reality. We're we're we're so so close and yet so far if you want to generate a video these days. It is cool you can do it on your phone though. I like it. Where do you want to go next? Have our [00:30:48] S0: next Millennials.
00:30:48 · Jordi Hays, John Coogan
[00:30:48] S0: next Millennials. [00:30:48] S1: Joining in. Mark Pincus is joining us in just a few minutes. So we'll bring him. [00:30:52] S0: Millennials be like, Norm MacDonald is funny. Then you watch some of his videos and there's no Meta Glasses pranks. No Vine Boom sound effects. No meme clips interspersed, no undisclosed gambling ads, no Dexter background music. [00:31:08] S1: I don't know the Dexter background music thing. I'm not online enough for that. [00:31:11] S0: I think you would you would probably recognize the sound. Yeah. You would probably recognize. It's just kind of like meme background music at this point. [00:31:18] S1: Yeah. Dexter background music. [00:31:22] S0: Bullpen is planning his bachelor party for November. He's not getting married. Just feel like the fellas need to let loose a little. [00:31:32] S1: What's that? [00:31:33] S0: Interesting idea. Interesting idea. One? [00:31:37] S1: Christopher Nolan went to an AMC Burbank sixteen fairly often. Team loves it. We're seeing the new Nolan movie. We just bought tickets. We got a crew assembled for The Odyssey. We're very excited. Look at this. [00:31:51] S0: It's just Kind of blowing up his spot a little bit. [00:31:53] S1: Yeah. Really. Let the man just enjoy a [00:31:57] S0: A film.
00:31:57 · Jordi Hays, John Coogan, Julian Hoenig, Mark Pincus
[00:31:57] S0: A film. [00:31:57] S1: A film and a big bucket of popcorn. Let me tell you about MongoDB. What's the only thing faster than the AI market? Your business on MongoDB. Don't just build AI. Own the data platform that powers it. Our next guest is Mark Pincus, the author of Life at the Speed of Play. He's with us in the TBPN UltraDigm. Welcome to the show, Mark. How are you doing? [00:32:20] S3: I'm great. [00:32:21] S6: It's good to meet you guys Yeah. [00:32:23] S1: Online. Virtually. Thank you so much [00:32:25] S0: Great for to taking have the the time. After a whirlwind media tour Yeah. I feel like I feel like you probably have worked through like all your your best bits at this point and this is gonna be this is gonna be the finale or or the second Well, [00:32:39] S1: can play the hits. Can all just go in a different way. [00:32:42] S0: I wanna play the I wanna play the hits. [00:32:44] S1: Okay. Okay. Where do you wanna start, Marie? [00:32:46] S0: No. Where [00:32:46] S1: where should we We [00:32:47] S6: were supposed to be the the very first one. I know. We were traveling It was [00:32:51] S0: it was on us. No. But but I hope this is the first of many. So it's it's great to have you on. [00:32:56] S6: Me too. [00:32:56] S1: Yeah. I mean, let let let's start with the book. I want to know like before the actual before the thesis came together like why write a book at all? Are people even reading books these days? Like we see these charts of like books just falling off entirely. What what what was the is it about
00:32:56 · John Coogan, Jordi Hays, Luca Ferrari, Mark Pincus
[00:32:56] S1: Yeah. I mean, let let let's start with the book. I want to know like before the actual before the thesis came together like why write a book at all? Are people even reading books these days? Like we see these charts of like books just falling off entirely. What what what was the is it about [00:33:17] S0: They should have they should you should put something in the book that's just like, hey reader, I want you to pause for a second. If you ever meet me in person, I will ask you for code word. This is Easter the code eggs. Yeah. Easter egg. [00:33:30] S4: Reward you [00:33:30] S6: for making it this far. [00:33:32] S0: And if you tell me I love your book, I will ask you for the code word. [00:33:39] S1: But yeah, I I to hear about just the general motivations and the general
00:33:39 · John Coogan, Mark Pincus
[00:33:39] S1: But yeah, I I to hear about just the general motivations and the general [00:33:45] S6: But I think everyone should I think you should build a house and write a book one time. Okay. Because neither one ends up feeling like it was, you know, the right return on the investment of time. But it's but you have this passion in you, and you should be all in and get it out. Yeah. There's no one time, and this is my one time, I I had I'd say that there was just a lot of lessons and a whole playbook built up across five companies and in building Zynga. And I created a course at Stanford Business School and Stanford CS, and I give this advice over and over to founders and even people running companies at scale. And I just said, I might as well get in a book. I think that my reference was Zero to One, Peter Thiel's book. And I thought, it's a big reach goal, if if my book can be referenceable ten years later like that, then, you know, it's of use. [00:34:48] S1: Yeah. Where do you think you either differ with the Zero to One thinking? Do you think it needs expansions, updates? Like what needs to be added to the canon that isn't in Zero to One? [00:35:03] S6: Well, like what what to actually do. [00:35:07] S1: So Yeah. [00:35:08] S6: That's a [00:35:08] S1: good point.