01:51:01 · Jordi Hays, Deena Shakir
[01:51:01] S1: that Yeah. Do they did their money comes here, but then their entrepreneurs, do they come and do a road show here? Or, you know, is [01:51:07] S9: the You know, it's it's still really early days. There, of course, have been companies innovating in Dubai and all over The Gulf for quite some time. This is our first investment in twenty five years. That's a company headquartered there. Certainly we have a lot of companies that are doing business there or companies that have gotten investment from the region, but it's still early days. What's really exciting about this company among many other things is the founder and the founding team and this thesis that they have around the diaspora. So how can they catalyze some of the best and brightest entrepreneurs from the region who have worked in The US, Bilal, the founder and CEO was born in Jordan, studied computer science at Yale, worked for many years at scale, helped to grow their business in the region, had the opportunity to do anything and saw that there was this incredibly unique opportunity to build a homegrown sovereign AI company focused on the GCC. When we invested, it was just him in an idea and he has attracted some of the best and brightest. It has been such a joy just to watch the incredible talent that he's amassed around him, and that was one of the early signals for us to really double down.
01:51:07 · Deena Shakir, John Coogan
[01:51:07] S9: the You know, it's it's still really early days. There, of course, have been companies innovating in Dubai and all over The Gulf for quite some time. This is our first investment in twenty five years. That's a company headquartered there. Certainly we have a lot of companies that are doing business there or companies that have gotten investment from the region, but it's still early days. What's really exciting about this company among many other things is the founder and the founding team and this thesis that they have around the diaspora. So how can they catalyze some of the best and brightest entrepreneurs from the region who have worked in The US, Bilal, the founder and CEO was born in Jordan, studied computer science at Yale, worked for many years at scale, helped to grow their business in the region, had the opportunity to do anything and saw that there was this incredibly unique opportunity to build a homegrown sovereign AI company focused on the GCC. When we invested, it was just him in an idea and he has attracted some of the best and brightest. It has been such a joy just to watch the incredible talent that he's amassed around him, and that was one of the early signals for us to really double down. [01:52:13] S0: What are the key stops on the calendar in The Gulf these days? If you're in America, you might go to liquidity by the all in team. You might go to SF Tech Week, Milken, Sun Valley. What are the key stops if you're investing or doing business in The Gulf?
01:52:13 · John Coogan, Deena Shakir
[01:52:13] S0: What are the key stops on the calendar in The Gulf these days? If you're in America, you might go to liquidity by the all in team. You might go to SF Tech Week, Milken, Sun Valley. What are the key stops if you're investing or doing business in The Gulf? [01:52:32] S9: Well, the big one, especially in the last few years has been FII, which take click takes place in the fall in Saudi, in Riyadh. That's known as Davos in the desert to some. So that's that's a big one. And many people do a trip around that where Milken does a big summit as well in Abu Dhabi. A lot of folks are doing global conferences and actually creating their own versions in The Gulf because there is a lot of opportunity again, not just on the on the investing side, but actually now increasingly on the talent side. And we're excited to be at the forefront of that. [01:53:05] S0: Yeah. Web Summit's out there too, but tough. Web [01:53:08] S9: Summit and Qatar. [01:53:09] S0: Yeah. Because AI killed the web. It doesn't even really exist anymore. But they need to rename it. They should just rename it AI Summit. There you go. [01:53:17] S9: Well, then AI will be out of date. We're gonna have to just be constantly changing the names names for all of these. [01:53:22] S0: Potentially. Potentially. How are how are Gulf based companies pricing relative to San Francisco based companies?
01:53:22 · John Coogan, Deena Shakir, Jordi Hays, John Nay
[01:53:22] S0: Potentially. Potentially. How are how are Gulf based companies pricing relative to San Francisco based companies? [01:53:31] S9: Honestly, I think the global market for these companies for the absolute top tier of talent is pretty consistent and it really just comes down to that team. It's not about being golf based. There's no discount for a founder like Bilal. [01:53:43] S0: When you [01:53:43] S9: see that talent for a generational company, you know, it it's the prices are going to look like they do for general generational companies anywhere in the world. He's headquartered between London and Dubai, you know, has attracted talent from all over the world, including many, many folks actually, you know, from from Silicon Valley as well. Yeah. So no discount there, but also [01:54:04] S0: feeder in London, like in [01:54:07] S9: DeepMind is a feeder. There's really no limit, on the opportunity. Lots of great alums coming out of scale as well. [01:54:13] S0: Oh, yeah. That makes sense. Well, congratulations on the latest news and thank you so [01:54:18] S1: forward to meeting him. [01:54:18] S0: Coming on and talking to us for [01:54:20] S9: You've gotta have him on. He's excellent. Great to see you guys. Thanks for having me. [01:54:23] S1: To you. [01:54:24] S0: Thank you so much. We'll talk [01:54:25] S6: to you soon. Christina.
01:54:25 · John Nay, John Coogan, Hussein Fazal, Jordi Hays
[01:54:25] S6: to you soon. Christina. [01:54:26] S0: Let me tell you about Cisco. Critical infrastructure for the AI era unlocks seamless real time experiences and new value with Cisco. Our next guest is on an absolute tear. He's back on the show, Hussein Fazal from super.com. How are you doing? [01:54:45] S8: Good. Thanks for having me back. [01:54:46] S0: Show. Absolutely, incredible run. Give us the numbers. Give us the news. What happened? I wanna hit the gong. We might have to [01:54:55] S8: hit gong. Very settings. And we [01:54:57] S0: What'd say? [01:54:58] S8: We just raised our series d of 65,000,000 led by TPG at a dollar valuation. Much? [01:55:06] S1: What was the valuation? [01:55:08] S8: Yeah. 1,200,000,000. [01:55:10] S0: Here we go. We got we got some. We warmed up the gong, so now we can do the real hit. I just did the warm up hit. That's right. What is what is unlocking the growth? Sort of describe the current customer flow, the current product, and and how you're actually scaling revenue so quickly.
01:55:10 · John Coogan, Hussein Fazal, Alex Hormozi
[01:55:10] S0: Here we go. We got we got some. We warmed up the gong, so now we can do the real hit. I just did the warm up hit. That's right. What is what is unlocking the growth? Sort of describe the current customer flow, the current product, and and how you're actually scaling revenue so quickly. [01:55:27] S8: Yeah. So so the app is a savings super app. Yeah. So the vision is eventually, anytime you wanna buy anything, you're opening the app. Mhmm. And it's gonna be able to either get you the best price, get you the best cash back, redirect you to the right spot. So when the company started ten years ago, it just started with hotels. And it was all about saving 20 to 30% on hotels. Yeah. And, yeah, it's been ten years. Right? And we just added more ways to save. So you can open the app now. You can save on gas, on insurance, on pharma, on a whole bunch of stuff. We've added financial services. So you could go and swipe your card and get cash back and build your credit score. You can even, you know, take out a bit of cash via a cash advance if you need to make ends meet. So it really is evolving into this into this super app. [01:56:13] S3: Super app. [01:56:13] S8: Yeah. I say yeah. When I say super app, we're not we're not building determinism. Yeah. Wait. Wait. You're not building WeChat. [01:56:19] S0: You're not oh, you're not building WeChat.