AI-Planned Dinner with Billionaires, NVIDIA Stock Bump & Billion $ Panda Express

AI's obviously all the rage. Um the entire menu. was created by Chat GPT. So those basically just typed in I appreciate that. I'm hosting a dinner for a bunch of tech people, the X number of tech people, create a menu. Um uh for for an epic dinner party. And it created a full menu. That's cool. And then it's like uh cool like

uh generate an image using Dali or whatever. And then basically created the whole menu that way and the chef had to cook Whatever Chat GPT had created, which was which is pretty clever. Yeah. I feel like I can rule the world, I know I could be what I want to I'll put my law in it like my days all on the roll up. Before we go into this episode, I gotta say I'm doing a workshop with our boy.

Nick Huber, did you see this? Uh just s say the W word for me. Yeah. It's a workshop. Say that other guys. It's on the web Uh I might be doing a webinar.

I didn't even realize that what webinars from. Yeah. I'm doing one of the lamest things one man can do to with another, and that's a webinar. All right. Well what's this webinar about? Basically both of us are Total um

I don't know, nerds are just obsessed with with hiring internationally. Like for both of our companies, I think we both hit a moment where like Wait. I'm pretty sure I could find somebody for Ten times less, you know, it costs ten times less. And

The the secret part that most people don't realize. Everybody gets that that if you hire somebody overseas they're they're cheaper. Um what I found I don't know if you y how much you do this, but The way overseas mean like Um Like across like the Mississippi River in Missouri.

Yeah. Yeah, yeah, yeah. It's oversee like the sea of like overseas like for view at the California, you're gonna come into uh you know, like Hannibal, Missouri. No, basically I have let's see, I got In one of my in my e commerce business, I think I have six or seven people in the Philippines Plus two in Latin America. So those are kind of the two hot spots. Latin America, you get the same time zone.

Um, and they're good for certain types of roles, like we have like data analytics and stuff like that. And then the Philippines, we have All of our customer support plus like Anything that's like sales and outreach. So we'll just we'll just be like, Hey, we wanna go get every influence on board. I'm not even gonna talk to you. Just go go make that happen and every morning report. How many of how many influencers are on board, show me the pipeline. Show me the uh hey, we want

This many wholesalers to start selling our stuff. Don't make this happen. And they're just like an automated sales machine, which is pretty pretty amazing. But anyways, we're doing this w webinar because uh Yeah, we just want to give away kind of like caught up. A web.

N R N R Anyways, we decided we'll we'll do one, we'll teach anybody who uh it's like delegation one oh one. Uh, but if you wanna do it, if you want to join or whatever, it's on the sixth, I think. Sixth of June. Well how do people find it? Go to all right, we're gonna put on the screen a giant link in the description. It'll be the top link in the podcast description and uh or the YouTube notes. But if you don't see it in either either those places, you can just go to my website, SeanPurry.com, and it'll there'll be a little

Banner. If you want to do it. 'Cause if for doing this thing, might as well if we're doing it for free, just might as well have as many people as we can sign up. And if you sign up, even though you can't make it live, you'll just get the recording. So if you ever want to, then higher internationally you'll have the recording and all of our like kind of uh Our cheat codes of after doing this for I don't know, ten years.

Here's what works, here's what doesn't. All right. So we've started on one end of the spectrum. Can we please go to the other end of the spectrum and tell me about a dinner you had? Yeah, I had this dinner. I I thought I already talked about it, but I don't think I've been. Is a great way to go. When we started with weaving. Yeah, exactly. See, what happens is you hire people for low cost, then you go to these billionaire dinners. That's that's basically what I did. So

I went to a dinner at a billionaire's place. And I can't say exactly who. But I wanna share Three Takeaways from this thing.

Are they a billionaire from being early at a tech company or for starting something amazing. Starting their own tech companies. So Do they sell it or is it still At this dinner, there was somebody who sold their business for I I think I could say some of the people who were there. So uh let me let me try to do that. There was uh The guy who created Figma was there. So sold his company recently for twenty billion. So he was there.

Uh, there was people that were like really internet OGs, like they were Like their first internet company was in ninety eight. Or something like that. And so I w well that's the part I actually loved. I was talking to them. So that's the story I wanna show. They're the best. I was like, what was it like back in the early days? And I'm gonna tell you one thing that he told me. But before I do that,

A couple of interesting things now. I've done a couple of these dinner. Yeah. How did you get invited to this? I know one of the people there. So they they're what they do is They host these regularly. Um

With the same crew. But then whoever Is the host for that month. Gets to invite guests. So they were they get to invite three or four guests.

that are not in the main group to kind of spice up the dinner, but then the main group is like been going for ten years plus. So it's kind of aspirational. I was like, Oh, I'm gonna start one of these too. It's a A once a month dinner. With the re with a core crew.

And then whoever's The host for that month gets to pick the food. Um And I think they do like a special gift. Like um

Reed Hoffman, who's the creator of LinkedIn. Was in the group or whatever and when When it was his turn to host, I remember that uh He created like his own board game.

Of uh Like An anti like I was like cards against Trump. Like his own version of Cards Against Humanity, but it was just Trump jokes. And he gave one to every guest, right? So just like baller shit like that.

Um So anyways, I'm I'm at this dinner and I was three observations. I've been to a couple of these dinners. Somehow every dinner I go to in San Francisco is like at least Thirty to fifty percent. People talking about psychedelics.

And Your boys never dysedelics. Sober as a cat. Not once. No, not once. Way too scared to do it. Uh have you ever done psychedelics? I don't even really honestly know what would count a psychedelics. I think it's like LSD

I think it's like MDMA I think it's D M T. These are all the letters, but I I I don't I don't partake in any acronyms like this. Uh one time I met this girl uh And we went out on like a first or maybe it was the second date and this is when I was still drinking. So we were a little drunk.

And then we also took shrooms and a little bit of a Ecstasy or Molly or MDMA or I don't even know what the channel of them is. So I felt I definitely felt a little bit of all But I was also like pretty intoxicated too. So I like it was, you know, a little bit ha you know, maybe fifty percent of the potency. But that was the only time I've ever done it. And that was uh, you know, fifteen years ago. The only acronym I have done is DARE. And that kept me off all of this. So but I but I gotta say, so I've done three of these dinners now in San Francisco with like entrepreneurial types, successful Silicon Valley types.

And It's crazy how much people talk about s uh psychedelics. Like half the table. is are regular users of psychedelics. Or like, you know, regular meaning

It wasn't a w like your story of like I did it once and yeah, uh it was it was cool, but not not for me or whatever. Um dude, I wasn't trying to like find myself. I was just trying to like You know, have a freaky night. Yeah, we were trying to find something, but it wasn't myself. I was trying to find myself like you know, like with each other later that evening, but that's about it. So In these conversations it to me there's there's what what what's coming up is not like It's not

Bro, I got so drunk. It's not a brag like that. It's I i the the conversation is like this weird intellectual thing where it's like One third talking about how psychedelics are L S D is cool. One third talking about public policy, like I can't believe these are outlawed.

It's crazy. This is there's And one third is science. It's like There's I don't give a shit about any of those topics there is so much research about how this can like cure PTSD and like blah blah blah. And it just keeps happening every dinner I've gone to in San Francisco, three in a row now. Half the conversation is talking about this, which tells me one of two things.

It's a potpourri in the middle of the table, like fart flavored. Is that like is that what the slice is like? I'll tell you about the food in a second. They um The the thing with with these is is I've I've had this experience once before or twice before where A lot of people in Silicon Valley are talking about something that I'm like, uh, this seems weird. And then like five years later, it's the norm, or seven years later, it's the total norm. So there is this thing that's like,

Um, Paul Graham says, if you want to invent the future, you first just live in it. And and I think that's one of the things that Silicon Valley's pretty good at is people here will do things Whether it's like like what you're doing, biohacking, where you're wearing g continuous glucose monitors, like Tim Ferris was wearing a continuous glucose monitor back in like Two thousand eight or something like that.

And then a decade later now it's like A thing that a lot of fitness people are doing. There's whole startups that are built around uh letting you do this like nutrition or levels or whatever. And uh but it was like very strange at the time. But there were this like small community of people doing it. Same thing with crypto. Back in twenty twelve there was People go into these meetups.

that were like all about Bitcoin and then they seem like, you know, the biggest kind of freaks at the time. Uh two thousand eleven, two thousand twelve, and then A decade later it's on C N B C every day. So like I've seen this a few times in Silicon Valley where they're Somewhat ahead of the curve, but of course

It's like anything uh That's out like you know, a little bit contrarian. It's not always just'cause it's weird doesn't mean it's always gonna be a thing. But the psychedelic conversation, that was cool ten years ago. Now it's it's I mean, you can go to I mean, I see everyone on Facebook saying I just got back from Some country where we did an ayahuasca retreat. I mean like that. I don't think that's normal for most people. I think that's like your circle.

uh in our uh my circle a little bit more than it is the average person. All right, so that was one one piece of it. Second. AI is obviously all the rage. Um the entire menu. Was created by Chat GPT. So those basically just typed in I appreciate that. I'm hosting a dinner for a bunch of tech people, the X number of tech people, create a menu.

Um for for an epic dinner party. And it created a full menu. That's cool. Uh write the whole thing like a Shakespearean uh a s Shakespearean play. And it's just translated the menu into like this like very flowery poem basically. And then it's like uh cool like uh generate an image using Dali or whatever. And then basically created the whole menu that way and the chef had to cook

Whatever chat GPT had created, which was which was pretty clever. Uh including like the drinks and whatever. Um so I thought that was that was fun. And then the last thing I wanna say is I was talking to one guy. And I didn't ask him if I could say this, so I don't I don't wanna uh say his name necessarily.

Uh, but he was one of those internet OGs. And I was like I was like, so what's your story? And he's like, Well, I started a business back in he says the name of this company that like I've heard of from The dot com boom. And then like, you know, disappeared after that. And I was like, Oh wow, like um that's interesting. And I was like, So what was it like back then?

Yeah, doing a start up here. He's like He's like it was crazy. He's like I knew every single person doing a startup. He's like he's like we used to have like uh like In San Francisco here, we used to have these meetups. Exactly. We would meet up once a month. And

He's like, it started out with just me and this one guy. He named the guy who I think I can name this guy, who's the The guy who started next door. Um This guy near Tolia. And he's like me and Nerva were like, Hey, let's get together a bunch of anybody else who you know that's like interested in this tech the internet thing.

Like our fellow nerds. Yeah, like if they if you if you know anybody doing internet stuff, let's invite'em to this thing. And then they created this group. And he's like Dude the group was insane. He's like it was The guy who went to cr go you know, like the guy who created um Zingot, and the guy who created LinkedIn, the guy who created

YouTube, the guy who created PayPal, like all of them. He said we were just Hang out like it was just like Like you know, we used to do those mastermind dinners in San Francisco. He's like it was like that. At the time you didn't know who any of these people were. You didn't know who's special, who wasn't. You just knew we're all super rich to the internet. To add three zeros to like our success. And that was like it was basically the same thing. Exactly. And so he's like, um He's like we would get together and it was just like debates about like what what's going on with the internet and like what cool stuff you're seeing.

And he's like, we would just shoot the shit late until the night. He's like, and then afterwards Uh, it started growing. He's like, so it started growing. Then we had like too many people for one table. So we made two tables. I was the host of one and the other guy was the host of the other table. Let's lead that discussion. Then afterwards we would compare notes and be like, Who should we invite back? He's like The key was the internet started growing in popularity like crazy. Like a lot of people wanted to do internet companies. The way that we made the community work was

We started pruning hardcore. So he's like We were like The bigger the overall community gets, the more high level this one needs to get. So let's Let's only invite packed people that we think are

Like the most dynamic, the mo the people who are gonna do the most interesting things. He's like so dude, he's like this would have been the best venture portfolio of all time. Like it was like every internet company that's big now. They were there. And then even the people who were like You'll have like a Jack Dorsey or something like that. It's like They hadn't even done their big thing yet.

And they're kind of the junior guy at this thing. Hanging out. That's a I don't know if he specifically was doing it, but he gave me some some names of of some examples of people that were there. Cause I was like Who could you tell at that time was gonna do something. Who did he say?

felt like half the group. He's like basically we as w he's like what we did was When somebody s like stood out as somebody that that really kind of knew where the puck was going, we made them a table host. So they would host their own table. By the end, we had like eight eight, nine tables going and there was. Of anyone. The question I would have asked is the opposite is who's a mega success who you thought oh That doofus. I I can't believe he he turned into something. Yeah, and I and he did tell me a couple of stories but on both directions. People he thought was just this person's an animal, they're gonna do great things, and somebody who's a little over it. I don't wanna say'cause

You know, if they figure it out, I don't want And uh Be upset or whatever. But I would say like One of the things he told me was

It wasn't It wasn't the people who were working on ideas that sounded big. So all the people that ended up with a big thing. The things they were working on weren't the things that sounded Like important businesses from day one.

And they became important before they eventually iterated to the it was a bigger space than we all realized. Um, it was like it was basically the person that was like kind of like doing the thing that was most interesting to them. And not necessarily the like Okay, internet's gonna be a big deal. So therefore I'm gonna create

this important sounding real world business on the internet. It wasn't that. It was like Okay, yeah, this is cool that people are doing this like like social networking at the time was not seen as A s a space that was gonna be yield hundred billion dollar companies, right? Like it wasn't that wasn't a thing that was uh Does that that sounded like the frivolous fun thing?

It's like oh cool, you like You can like Create a profile like Take a quiz. Yeah, you can like write something silly on their wall or whatever. Like That didn't seem like the big ideas.

It like all the big ideas seem like, you know, even like things like Um So it was like breaking into three categories, like things that you didn't think were gonna happen on the internet, selling cars. booking travel. Like you know, it wasn't like It's like are people gonna do that or maybe they'll do like home so home buying? It's like uh I don't know, maybe that seems like something you really want to do in the real world.

Like those seemed Like Kind of fringe because I don't know if people will do it. Social networking that seemed fringe and and small and that that's fun, but not not that interesting'cause

We we don't it's free. How are we gonna make a big business out of this? Um you know, w what are you gonna do with all these free users that are just going on there and goofing off? And then Then there was like, you know, the things that were actually like important sounding businesses. So I thought that was kinda interesting too. And it reminds me Of

Have you seen this uh Clip. This is all my last thing on this. Look up. NFX on TikTok. So N NFX is a uh Is an investment fund.

N S X insights. Insights. That's exactly right. Yeah, I'm on their page. Watch that first video. We'll put this in the YouTube video, but uh watch this first video real quick of James Courier standing there. All right, it says everyone in SF is all in on generative AI, so there's an underground scene of startups. This kind of Revolution happens every fourteen years and builders are here to change the world. And it's James Carrier, he's on a stage or like a he's on a chair in a room full of like twenty guys. Share your C performance indicators with each other, he's saying to people, share your ideas, the speed at which you move. Is what gives you and this town

And this community, it's advantage. And it's uh sixty five percent of all money in AI, it's being invested in San Francisco right now. So he's given this pump up speech where he's trying to say like You know, years ago there was like the Facebooks But just to let you know, this is happening right now with AI. And he's in a room with people like giving this cool speech and everyone's like staring up at him and they seem like they're super into it. It's it's so cool. So he's literally like he you can see a staircase coming down. So he's somewhere downstairs in like a basement. He's standing on a chair. He's in a room full of people and he's like

Basically gives them a rally speech of like Look. This is where the magic happens. He's like You're in this town, you're in this room, you're with a bunch of builders, and what he says is Every fourteen years or so

One of these waves happened. And they last Somewhere between Twenty four to thirty six months. And he's talking about AI. He's like, um he's like we've seen this before with mobile. So mobile comes out.

There's this three year window between kinda like two thousand and nine to th two thousand and twelve. It happened with the internet and I was like, you know Like Ninety nine, two thousand to kind of two thousand and three, two thousand four.

And he's like, you get thirty six to maybe forty eight months max. to um to take advantage of this moment. And You're in this room, you're with other people. There's some like basically like there's somebody in this room right now who's building the next big thing. I you know Hope it's you, but you want to

Trade ideas, trade strategies, trade what you're like doing, find interesting people, work on projects with them, invest in each other. Like This is your time to focus. These windows only open up. For a small period of time. Move as fast as you can.

And I thought it was pretty d I thought it was pretty dope, uh, to see this kind of like I don't know, this This like I don't know, rally cry. And it really does seem like that's what's happening with with artificial intelligence right now. Like there's a window

The big shit's gonna get built right now. the the next kind of Facebooks of the world are are being built right now. And um They just kinda re highlights the intensity of the moment if you're an entrepreneur.

Have you heard that parable about like There's this guy who uh He's uh there's a big flood and he's on this roof. And a guy with a boat comes by and goes, Hey Uh

Come on, give my bow. I could I need to save you. And the guy on the roof goes, No, no, no, I'm praying to God, I'm a r I'm religious. Guy God's gonna save me. I goes all right. Another guy comes on a boat says the same thing. And he goes, No, no, no, I'm not gonna get in that boat. I'm gonna wait for the the uh A guy to come and save me that happens two or three times. The guy eventually dies. He goes to heaven. He goes, God, what the hell?

Why didn't you come and save me? And Guy goes, Dude, I had four boats come to get you. Like why did you why don't you just hop in? That was me. This video Thank you. The reason it's summary to that is there's this like James Carrier who he's wearing like

Pretty much an ugly shirt. He's wearing like a He's wearing like a tucked in T T shirt. In the Blue jeans. I mean he looks like a dad. He's probably a dad.

But do Yeah, he's fifty five, so he looks like he should. And he's wearing like kind of an ugly shirt. And he's like Just a normal looking guy, I guess, is what I mean. And he's giving this really nice speech. But in a basement?

And it's that same thing where like everyone's looking for some big opportunity from like grand like epipitony moment like No, just some guy who dresses like dresses like this who's in a basement. And he's telling you like the message is here. The message is here and the message is clear. He's trying to shake you by the he's trying to grab you by the collar and shake you and be like, hey This it like playtime is over. The window is open, go and uh I I love it. I think that's I think it's a hundred percent true. And I I want to leave with two controversial opinions.

If a video with six thousand views, this is this is the man in the boat trying to save you from drowning. Yeah, but by the way, the best stuff. Like the best content I consume. The most insightful Meaningful content, I consume, is all like this. It's got like

twelve hundred views on YouTube. It's got you know, six thousand views on TikTok. The best stuff is not the most popular stuff when it comes to like business stuff. You used to host HustleCon. And people had to fly out to San Francisco.

pay a couple hundred bucks for their ticket, spend all day, do that. Not everybody could do that. Not everybody could afford the flight, the hotel, the ticket, take a day off work, blah blah blah. You put all the talk stuff on YouTube. Every single one of them was on YouTube. It's in fact it's on our channel on YouTube. Just scroll back. All the way to the oldest videos, all the talks are there.

And all the talks have like 400 views. And it's crazy. It's like Oh, you wanna be successful? Oh, really? It's same thing. Like Harvard's whole curriculum is like online. You can go take any Harvard class you want online. And people will cry about not like Not having the the opportunities that the rich Harvard kids have. What are you talking about? All the classes are online.

You can take every single computer science course right now, have the same education that Gates had, that Zuckerberg had access to. You got access to all of it. And they'll have like nine hundred views. And it just shows you that like The the the the real ones are gonna go do the thing. The the those nine hundred views are like the valuable people. Like I wanna go meet all nine hundred people that are that are watching those videos.

'Cause those are the people that are actually finding So that's takeaway one. That's oh no. Oh no, you're two cont my two two controversial things. San Francisco is back, baby. And the second thing is This whole like idea of moving away to lower your taxes And moving away to be remote.

The best teams are gonna be working together. They're gonna be in the room with each other, especially pre product market fit. But I will take any team that's co located. over a remote team any day. Just head to head if it was a competition. I would take the the team that's gonna be

in there every day having bunch of serendipitous conversations, whiteboarding ideas, getting to know each other better because they're just spending all Like absurd, obscene amount of time together. I would rather have those people that are willing to commit and go all in like that. Over a distributed r remote team where you're spending half your day actually, you know, walking your dog and taking care of your kids and doing doing that stuff.

I think they're just gonna outperform. And I think that San Francisco is gonna outper outperform. I think that Going to the the the then city And it's like The people who care about the extra ten percent in taxes

Or the people who are like, Oh, I don't want to live here because um You know, I don't like the DA's policy on crime. Yeah. I I I just think that it's I think it's insane that people in a in a game where the upside is like thousand X returns. That people optimize.

for a ten percent break in state income tax. It's crazy to me. Yeah, but bro, you don't even live in San Francisco. I'm across the bridge. I'm one easy pass away. Yeah. You're one easy fifty mile throwaway. I agree with everything you're saying.

Um All right. This next segment, we're gonna call it three killer agents. And it's about Three people Uh one of those two of those people is a couple that you're gonna talk about.

But I'll go first. And the reason I'm breaking this up. So This week? So let me preface by saying I don't know anything about like

public markets. I I I'm a I'm a index investor. I don't do anything like crazy. Yeah, so I don't know much. But This week I paid attention to my portfolio. Did you pay attention to yours? There is a a nice little bump. I have not checked. What's going on?

So Stocks are doing well. The tech sector's doing well. And I emailed my banker, I text him, I go Griffin. What's going on, man? Why the why why do I have so much more money than I did the day before? And he said

NVIDIA just crushed their earnings. And Like a lot of people out there. I know the name NVIDIA. I know that NVIDIA is a company. But I don't really know what they do. Do you know what NVIDIA does? They make chips.

They make the chips that go into your uh like You buy a gaming PC, the graphics The GPU in there is gonna be made by NVIDIA. It's like Intel makes chips and NVIDIA makes chips and AMD makes chips. There's like three companies that make chips. Okay, so do me a favor.

Do you have Google up Google Gary Oldman. So the word dairy and then ulmant O L. E-MA You know you see who that is? Mm.

I mean. Old man. Like old man. You see it? Uh it's pulling up there very old. You see it, you see it? Yeah. You see you see Gary. Alright, you recognize Gary? Yeah, see this guy around. Yeah, okay. Tab in another guy named Derek Cole.

You see Gary Cole? Yeah. Another actor. Okay. And and what's your reaction when you see him? Um, I have no reaction to this guy. What what am I supposed to be reacting to?

You just like seeing him around, right? Oh yeah, sure. Looks like looks like a guy. NVIDIA is like McGary's Uh the tech world. I have no idea where you're going with that. So Gary Albeard.

For those of you who aren't here, Gary Oldman was the chief on Dark Knight, like the like the top in Dark Knight. The guy who puts up the bat signal. Yeah, yeah, yeah. He was also uh Winston Churchill in like that the Darkest Hour movie. He plays all these roles where like you see them and you're like Oh, that guy's great. He's awesome. He's always there. He always has a good performance and everything he's in is probably pretty good.

But like he's never like the guy and he's never like I can't tell you who he is. I'd have to look it up. Same with like You know, there's a bunch of these actors who are like that. That's what NVIDIA is of of the tech world. So basically And this isn't gonna sound like obvious to anyone who's like is in deep tech, but for someone like me who's not. Uh I had to like figure out what NIDI is. So basically the story is is that they create GPU Is it GPU chips or just GPU? They they invented it. So

Prior to NVIDIA, there was like these other chip companies and uh they like Intel was one of them, just like the big dogs who you I've heard about the seventies and eighties and and they just make chips that Rayan, your computer, whatever. But then as comput better. Uh Jensen Hung, the founder, he was like look we need to have a three D chip for three D or a chip for three D video and graphic processing.

So basically like we can like our screens will be more interactive and and all that. It's so events this chip. And he runs the company now for thirty years. So he's been CEO for of this company longer than any other like new ish tech company. And he made this bet.

And it wasn't that big of a bet. So when he launched in nineteen ninety three, he raised a two million dollar round of funding at a six million dollar valuation. So this wasn't like some like You're gonna crush this. Like it was just a normal startup at the time. But he makes this bet that he thinks that um that uh CPUs, which is what people used to use, that that's gonna be like a little bit less popular. GPUs, which is for graphics and like more general use, that's gonna be like the thing. And so the first people who start using it are gamers. So in like different gaming PCs, people start using it and then

Apple, Microsoft, whatever, they're like Oh man, we actually Also want some of these chips, so we're gonna use that. expanded way beyond that. So like Tesla uses their chips. So like When you wanna like do self driving, they've got uh an NVIDIA chip. that helps them figure out like where people are. Uh

Um you know, the camera will will use the GPU chip and then it will put like you know, when you're on a Tesla you can see people walking across the street. Uh and then now they're even using it for artificial intelligence. So anyone who's using like Open AI, Amazon web services, things like that. They're also using GPU. And so this company It's one of those companies that you don't really think about'cause it's a B to B company.

But at this point, and this is what shocked me. NVIDIA is now either the seventh or eighth largest company in the world. Is that insane? Well. And so like

This company, because their stock did well, the whole NASDAQ, which is like a tech uh A a tech based um Index. The market cap is almost one trillion. It's nine hundred sixty three billion right now. It's insane, right? So because NVIDIA The whole Nasdaq.

The whole NASDAQ, which is a uh a a tech based uh a tech forward like Stock exchange, that's what I meant, not indexed. They're killing it because of that. So I have no idea I like heard that name and be I'm like What is this little like gaming company? How is this like moving the stock market?

And that's what it is. And this guy, uh the founder The um The acquired guys have a really good episode on him. His name's Jensen. He's like really interesting. So he was a Taiwanese immigrant. Any

His parents didn't have any money, so they sent him to a like a boarding school, which is like a reform school for kids who had issues and like his roommate was this guy who had just got out of prison. At the age of like sixteen or seventeen. And he had been stabbed like fifty times and so The guy was like, Hey, pick me out of your work computers and I'll show you how to lift weights. And so if you look at this guy now, Jensen, he's like a pretty buff guy. And he also has like the word NVIDIA, the NVIDIA logo cued on him.

And he like says all these like really wild things. Like he'll say My will to s to survive is greater than almost anyone's will to kill me. And like all these phrases where he just says like I'm all in, baby. And so he's a really interesting entrepreneur. But he's like the Gary Ollman of the world, where we don't actually like

He's not up there like we're not watching videos of him like Mark Zuckerberg doing jujitsu because he's not like a mainstream facing guy. But now I think it's gonna change because They are absolutely crushing it. And I'm one of the many people who probably had no idea what they do.

Yeah Yeah, when the acquired guys came on our pod, I think you asked them, you're like, Hey, you studied all these companies. You studied all these these epic titans of business. Um And I think you said like who would you not want to compete with or who would you want to compete with the least? And uh

They said this guy Jensen Wong. They were like Jensen. The guy from NVIDIA. The leather jacket wearing CEO's got the NVIDIA tattoo on his shoulder, who has just been like, you know, a monster for like, you know, twenty years with this company. And that was not the answer. Like I wouldn't have guessed that that's who they would have said.

Um it was an unphilly answer because I was like Well I don't know anything about this guy. And I bet most of our listeners were like Oh, I thought you would have said Mark Zuckerberg or someone famous. And this guy's just Qui kind of behind the scenes. Although he is like a loud personality. He's not he doesn't seem obnoxious, but he wears like a cool leather jacket and he looks like very confident. But he's just been quietly behind the scenes.

kinda killing it. I don't know what his net worth is now, but I bet you he's one of the like the top thirty or fifty richest people in America or uh in the world at the moment. And he just gave a talk at like The Taiwanese like national university or something like that. And he uh I haven't seen it yet, but it's like his commencement speech.

Um And like you remember this the Steve Jobs, like the great one, like the the one he did at Stanford that was like Just like incredible. Um He the he gave a talk. I haven't seen the whole thing, but there's a couple of lessons some people have tweeted out. I want to share share a couple with you. So he's like uh

He goes lesson number one, humility. He goes. Confront failure head on and ask for help. So he says back in the day, or the uh one year the in the early days of NVIDIA. They got their first big Chip contract.

And it was with Sega, the video game console. And He goes after a year of development they realized that they had picked the wrong technical strategy to make the chip that was gonna do the things the Sega needed to fulfill the contract. And he's like, We realize our architecture was the wrong strategy.

He's like, uh you know. We don't know what to do. Should we scramble, try to make it work? Should we just deliver something that's not great? Like What should we do? Should we start over? We don't have time. He's like, so I just called the C of Sega and I was like, Hey, I think you have to find another partner. Um

But I also need you to keep paying us on the contract. He's like, What? He's like, I hate to even ask this. I'm embarrassed. If you do like if we don't have this money, we're gonna go out of business. Um Like If you just please pay out the rest of this contract, like I'm embarrassed to even ask you this. But um

We need these six months to survive. And uh we've we screwed up. Uh, you know, I'll do everything in my power to help you do this and I'll I'm trying to make it right after this, but like I if we don't have this if you don't Pay this contract. It's over. The show's over for us. And the C of C uh Sega agreed. He actually paid it out.

They give him six months to survive. He's like You gotta confront your mistakes head on. With humility and ask for help. That saved NVIDIA. Um He's like, This is the hardest thing to learn for somebody who's sm the the smart and successful type.

they try to uh you know avoid failure or or be denial or uh Or hide from it. What else did it say? Lesson number two. You have to endure the pain and suffering to realize your dream.

So he goes, uh in two thousand seven we announced Um CUDA, this like new way to like kind of like program your GPUs. I think that's the real key for NVIDIA. They don't just make the chips, they make the pro they make the this CUDA thing is is important. So it's basically the way that people developers can use GPUs and like Uh

control the GPU to do what they want. And by the way, they don't even chips. They like design'em and they have a partnership with this other Taiwan Taiwanese company, which is why like Sometimes they'll say like You'll hear things like well, Taiwan gets invaded by China, we're at risk. The eighth largest company in the world is gonna be

kind of screwed, which means X, Y, and Z for the rest. Yeah, especially all the companies that need chips. Uh like oh all of our cars need chips, all of our computers need chips, all of our phones need chips. If we lose control of the chips, it's like losing the nukes or it's like l losing access to oil. It's like a big deal. So anyways, um So he goes. Because you know, we basically we tr we tried to create this thing back in two thousand seven.

Uh it was super hard, super expensive. Our s our profits took a huge hit. And we had many years of poor performance and our shareholders were skeptical, like, dude, why are you spending all this money on this stupid like GPUs, Cuda thing like You need to improve profitability, blah, blah, blah. He's like, but we just said no, we're gonna keep doing this. And basically

It took like three or four years before there was even a market for this. But by the time there was a market for this, they were so far ahead. He's like so then the phone comes out and the phone phones become a huge success. Now phones need GPUs. And by two thousand ten, they had the lead in the mobile chip market. So uh chips for phones. He's like that was huge and um

Oh no, sorry. The uh I I screwed up the story. The GPU's thing Becomes a big deal as

Gaming continues to to go that direction and like all the AI machine learning stuff, but like that was It took like, you know, almost ten years for that to come through. But they like stuck to their guns and stuck with it, even though the shareholders and the the public markets were punishing them for it. And in the last one, he's like, you know, we were in the mobile chip market, we were the leader. And he's like, um, but it just became so competitive. It was s so many people fighting for the same pie.

They basically decided to like sacrifice um sacrifice the mobile market and or and leave that in order to do to uh to go for like, you know, a a different market, this kind of AI machine learning market. And again, it seemed like a terrible strategic bet. It's like you're leaving the biggest market cell phones. In order to go for this like unknown, like, you know

Risky thing. And that strategic bet paid off because they became, you know, the the by far the leader in this field. And uh and now that became like you know the biggest market, the market everybody's bullish about. And the reason their stock is up so much is because They like

Gave guidance. Like they had like a revenue target or forecast or whatever. There was a revenue forecast. And they like Just came out like uh actually we think we're gonna crush that by like thirty percent. And they're like, Wait. thirty percent on a number that's already in the m multi billions. And they're like, yes.

And so the stock took off after that. Dude, it's awesome. So I'm a big fan. I'm a big fan of this guy. So is it Huh? Or or I don't know. Yeah. The the the silent age are always a challenge for me. But

Mr. Jensen, I've been in Midia. You are today's Killer Agent number one. Sean, tell me who are Killer Agent number two and three. All right, we're going from A guy who makes GPUs and And AI, artificial intelligence. M SG. MS G. I butchered the joke. It was too good. So I met somebody who

was like uh a real estate person. And they were like uh I was like, Yeah, you know, how's the real estate thing going? They're like, Oh, dude it's going great. We're growing, growing, growing. I was like, So you're still just doing this all with your own money? And he's like, Yeah. Although there's one person who wants to put money in that I'll take and I was like But you've always said no to anybody's money. Like why who's this one person and why

Why are you interested, I guess? The guy who started Panda Express. This guy's a billion like multi billionaire. And he's got so much money. He's got an unbelievable amount of money that he doesn't know what to do with it. I was like, you know, he's like needs a place to invest this money.

And I was like, Panda Express? Like how much money are they making? And and I kinda looked into it. So this is this segment is Panda Express. The ten billion dollar mom and pop. So I don't know how much you know about Panda Express, but

A bit. It does uh I I know you've uh You've tested the the the goods. So So basically it's a privately owned company. So it's just owned by this husband and wife. It does about five billion a year in sales, five point three billion last year. There are no franchises.

Uh like of this thing. So they kind of independently own I think almost all. There might be like a hundred that are like in international territories that they don't control, but For the most part. They have grown this thing to a huge international chain. It's I think the third biggest fast food chain or something like that. It's like, you know, just behind uh You know, sort of like the the the the the huge ones, the the McDonalds, the Chick fil A's of the world.

And um They're on track to become a ten billion dollar Mom and Pop Company, which is just kind of insane. And my friend who I Uh who was telling you. What's up?

Uh Andrew. It's uh Andrew like Churn. Yeah, I don't know how you say it exactly. It's like churn. It's C H E R N G or something like that. Uh it's him and his wife and they They've owned this thing, they've run this thing. So he started the first one. It was like called like the Panda Inn back in the day. It was like a normal restaurant. I think he's not faster than dad.

Yeah, I think his dad had one. His dad was the chef was like so so his dad was a was a chef and he he opened up Panda Inn and his dad was the chef of that restaurant and then he's then fast food started taking off. And Andrew got pretty fascinated with this idea of fast food and was like Okay, what if we did Chinese Fast food. And so they the second or third location they did was this like express. This like

And it was in California, right? Yeah, I think it's a very important thing. And they Uh And they start doing a bunch of things that are smart. So some of the strategic smart things that they did was uh Um

They opened up a bunch of locations as they grew. In airports. And military bases, which a lot of people weren't doing at the time, but they were like, Oh, this is a great way to build awareness. Like These are like huge hubs that a lot of people come through. If we're here, we will become like known and normal as like a

As like a cuisine, basically. And so they did those, even though those weren't the most profitable locations. They did it kind of like for the brand. The second thing. They um The uh his wife was like a food engineer or something like that.

And so She was one of the first people in Chinese restaurants to use a whole bunch of tech. So tech to monitor inventory or measure speed for for operations. And that's why they became so efficient and they call themselves McDonald's of the East, because they're as efficient as a McDonald's, even though almost every other kind of like

Chinese restaurant. Was it was uh a Traditional mom and pop. They didn't, you know, they write down the orders by hand. They they, you know, they track inventory by going to open up the fridge and eyeballing everything and being like, I think we need to order more eggs. Um, whereas they turned this into kind of like a machine. And they would find things that were working in one store. So like this guy in Hawaii who owned one of the who was running one of the stores, the chef there. He created orange chicken.

And he's like, Oh, I think I could take you know, that one beef dish that's an appetizer that uses the orange peels. I think I could use that orange thing on the General Styles chicken and like combine the two have this fried chicken that's got the orange flavor. So Panda Express and bented orange chicken. That's what it sounded like from my my reading. Now I don't know if there's others that are debating that, but that's that's how they frame it, at least. And they sell A hundred million pounds of orange chicken a year. It's like a crazy number. And so uh yeah, just a same thing. So I think they do almost like Like eight hundred million dollars of EBITDA. And I know some wine.

I know someone who knows him and he told me the same number. Yeah. He told me he goes he goes they're gonna they're knocking on the door. He goes, they're knocking on the door of a billion and IBIT. Exactly. That's how much cash. And then it's like, Well, what do you do with all this money? And and the people have asked, like, are you gonna take it public? And the CFO's like, never. This is gonna be a family business, they'll pass it down from generation to generation. Our job is to make this a multi generational

Family owned business. And uh I think that's really cool. Like there's so few of those that like refuse to go public. And why do they need to? They're rolling in profits, right? Like they don't they don't need the liquidity of the markets. They don't have investors that they need to pull off. I couldn't find if there was like Some angel investors early on, that there probably was something. I don't know if they own literally a hundred percent, but

It is uh It seems like it's either a hundred percent or close to it in terms of their ownership, which I think is It's kind of insane. He also does a few other things, so Um if I remember correctly.

Uh, I might get some of the details wrong, but I think that he's The day you start working there. I believe he Like even like at the I think this is like As a cashier, not just like H T a bad as like a a a a retail worker.

I think he buys you the book. Um How to win friends and influence people by Dale Carnegie. Because he said that when he I don't know if he is I think he might be an immigrant, but his parents were for sure immigrants. And he was like trying to figure out how to like assimilate and how to like be more likable and charismatic so he could like uh get along with uh Americans and he read How do inference and influence people and it like changes life?

Uh, I also think he read like Thinking Grow Rich. And so he like gives people these books and he also sponsors tons of his employees to go to Tony Robbins stuff. So he's like all about this like self help stuff. Which It's cool.

Employees. And so I think if I if I had to guess When you get to be the size of uh a hundred million pounds of orange chicken. You're no longer like a product company or just like a restaurant company. You're a

collecting people and making sure that they all behave in a very particular type of way, as well as like a logistics company. And so in terms of like You know, like there's a reason why McDonald whenever they know something, it's like Oh, that's a huge announcement just because you have a Mick Ribbs like dude,'cause they have go and like get like You know, five hundred pounds of pork in order to like make this it's like a huge ordeal. But in terms of treating his people well and like collecting people he like invests, I've heard uh uh uh into them a whole lot. So he's kind of a like a really interesting guide. I don't know if this is like

PR spons stuff where it all uh you know, he looks great all the time. Uh just from the outside, but he seems like he does a lot of really good good stuff. There's a I I I just asked uh Chad GPT for some fun facts. I said, Give me some some fun anecdotes about them. And they said the thing about the the books. It says he buys uh Thousands of copies. Of uh

Of his favorite books, one is like Awakening the Buddha Within and gives it to his employees. Another thing that it says is According to Forbes article Um Staff members often start the day with affirmations like

People are dement depending on me to be at my best. I believe in myself and my abilities. Opportunities are everywhere. And I don't know if that's uh that's truly how they start their day, but It's a hell of a lot better than just saying the Pledge of Allegiance. I think we should put this in schools. Um Yeah, it's crazy. I mean two thousand plus stores. as a kind of family owned

private uh and non franchised out business is mind boggling level of scale to reach. Um his wife Peggy that just like still. Kind of like On the thing.

And he does the total opposite of what you just said before. He moved to Nevada. Um lives in Devon because he's making so much income. But yeah, I know that he I think Nevada's now it was like a big deal when he left California and to Nevada. That's his claim, my thing is about tech entrepreneurs. If you're a if you are gonna build a uh Silicon Valley style venture startup, this this is the place to be for that. I'm not saying everybody in the world should live in California. If you're uh if you're a If you're if you're slinging a hundred million pounds of orange chicken You live wherever the hell you want. That's that's rule number three. I want you to tell me, we're gonna move into the last section here. I want you to tell me

You got a little ambitious here. You titled this section Famous People who are back with new companies. I don't want to call'em famous. Maybe somewhat popular. Notable. Notable. Notable is a better one. Let's do notable. Tell me what you got. I don't know if you've seen this, but there's a few people who are well known in our industry for for a bunch of reasons. that are doing interesting things. I wanna get your quick reaction to each of them. So I don't know if you've seen all these, but uh

But we'll start with uh Naval. So Naval is Uh kinda like the I don't know, one of the godfathers of uh Silver Valley's been here f again since that kind of like Pre dot com boom days.

He did a startup that went public and then he uh you know, famously got in a big dispute with a bunch of people about it. He created a a blog that was called Venture Hacks and then uh him and his partner Nivi and they That became that eventually sort of led to Angelist, which is a multi billion dollar startup that's like LinkedIn for the tech industry.

And he's known he's got like I don't know a million plus followers on Twitter. Because Very insightful guy. So Naval's awesome. He's got a new actor. Which is

Brilliant. I think he's actually the opposite. I think he's a non-self appointed guru. I think other people appoint him a guru and he's like That makes me a little uncomfortable, but I kinda like it. He leaned he leaned into it. He leaned in hard. But I've I as somebody who's consumed I think every word that Naval has said somehow, like on I've watched all his live streams, his podcasts, all that stuff, right? Love his stuff. He um Many times will be like People you know, why don't people be like, Why don't you do more or have your own

things and he's like, I don't want I don't. I don't like this playing this role of the scuru thing. I don't like how much I like it. And I have to be very careful that I don't fall into that.

Um, I don't want that to be my life and my identity and get excited about. Oh I'm gonna I'm just excited about learning this thing'cause I'm gonna go Tell everybody about it. And then everybody's gonna think I'm so smart.

He's like No, I don't want that. I want to learn the thing because I like to learn it and that's it. Um, and he's like, you know, he's like I I you know, like it's like junk food when he he's like I get on here and I give random advice to people, it's my junk food. It's not what I want to be eating. And people base their life on it. But it's far. Yeah, Jensen's got the NVIDIA tattoo, I got the Naval tattoo on my arm. Okay, so what's air chat thing. Have you seen it? Have you played with it?

Okay. A little bit. But is it it almost felt like an AI thread. Is that what it is? No, not at all. So it's a app. It's kinda like a social media app. So you open it up. And there's these like rooms. So you can go into a room That's like It might be people talk about AI.

And it's sort of like uh It's audio, but it's recorded. So I could go on there and I could be like, you know, I was playing with this chat GPT thing, one of the cool things that I've been doing is this. Has anybody tried anything that's uh blown their mind? That blew my mind. And then Another person who follows me can just reply to be like Uh dude, you're totally right. Here's what I did. And you're hearing their voice

It's like voice plus the transcription of it. So it's kinda like a A way to have almost like a podcasty style thing where you're having a conversation, but it's It's open, like anybody can kinda hop in that you allow into your room. And um And the conversation goes wherever it is wherever it goes. It's like a little bit of like a dinner party in a way.

And so There's like, for example, one of the rooms I liked was the guy Nivy telling the origin story of Angelist. Which I had never heard before, but he was like, All right, I'm gonna go back and I'm gonna tell you the origin story of Angel list And it's actually like not what I had thought. He's like We had Venture Venture Hacks the blog and that was kind of popular. And then I was like

Uh, I was trying to figure out what to do, like how do we turn this into a business? And so I emailed Naval. Naval has owned ten percent of it. And I was like, All right, Naval, uh hey, I don't know what you think about this, but like I'm thinking about selling this PDF. Like, okay, Venture Hack is a free blog, but then here's this PDF. Like We're joking about like the webinar thing. It's like

Dude, even some of these awesome people did it. And he's like, I'm gonna sell this PDF that will uh like just give people like templates. And Naval's like Okay, that's cool. Um, you know, for my ten percent, just keep it. With how this like this awesome PDF thing you're gonna try to do, like Go ahead and hold on to my ten percent I

I don't need it. You need it more than I do. And then he's like then when we're driving home from some events, uh, after I had told him about the PDF thing, I was like, ready to go do that. And Naval had this like I you know, like we were shooting the shit and we had this idea, like oh You know what I really want is like I want a list of investors and just what they invest in, what check size, because people are always asking us. Due to venture hacks, like Hey, do you know any investors that would invest in my startup?

He's like I just want a list that I can refer to as like Here's all the investors I know. Here's what they invest in and here's the check size. So when someone asks for an intro, I can go look at the list and make the intro. And then there's like Yeah, that's cool. I don't think that's a business. Like it's gonna that's gonna make less money than my PDF.

But like You're right. That would be really useful for us. So he's like, so I went home that night. He's like, I've made a form And I emailed it out to every investor I know that was like, Yo, what do you invest in?

Um what's your average check size and what's your email address? And like, you know, do are you open to people contacting you about Like it for introductions for deals. He's like and I sent it to people and they immediately filled it in. It was the ugliest form. I didn't even pay for the premium. He's like just a reminder that like

Yeah. You just need to start. You need to get it out there and like get momentum going. And he's like Now Um, I I with any project, if I can't like launch some version of it in the first twenty four hours, it like kind of like it bothers me a lot. Like I don't really want to do projects where I can't do that.

He's like, so that was the first that was V one of Angelus. We got this these people back and then we put it on a we put it on our website. And then we like got some like press coverage'cause it was like, Oh, here's a list of all the angels. And it was like And all their emails were there. So that was bad. So we had to take that off and then hide their emails because people were just gonna spamming them.

He's like and then that became like The precursor to what Angel List was, which is now this like multi-billion dollar company, was like just this list of angel investors. And that was a s the simplest. Like Useful thing. And he's like, um and he's so he's telling the story in the air chat and he's like

If you guys want, by the way, like I could tell you the th two other ideas that we like, you know, two other paths that we look at that like turned out to not be tr not being good ideas. But um Yeah, let me know. And then you could see that this Now I'm like, Oh, great, I'm gonna follow along. I kinda wanna hear this oral history.

of Angelist. And so it's it's cool in that way, right? Like it's a it's a cool new app. So He's coming out with this and he's like, I'm a co founder of this. And the other guy I think who's behind it is that guy, Brian Norgard, I don't know how you say his last name exactly. Yeah, yeah, yeah. Um

Who's kinda like well respected in the tech scene, uh as like a product guy, product designer guy. Didn't he like work at Tinder or something? Yeah, he basically like he started a couple of things that like Had a bunch of hype, but didn't fully pan out, but were cool products. Like didn't work, but were cool. And then ended up like had a product at like the match group or something like that at IC. And so then he like ran Tinder.

Um And now he's like doing this, I guess. So that's kind of like one one app. So give me your I don't you haven't played with it, so it's hard to get your quick reaction. Well I yeah, you gotta like send up our wait list. That's cool. Yeah. Uh. R it in. Do you do you think that uh do you think that this is gonna be like a thing?

I do not. So I I think it's gonna be It actually reminds me a lot of Clubhouse.

Um In that Early on, Clubhouse was awesome. What is awesome because it was such a curated community and it was like They brute forced

only dope people onto the platform because that's who their friend group was. And so early on with Clubhouse, you would go into any room and it'd be like super interesting conversation. You could just hop in and meet people. If you could build and I I told my friend this, there's a guy who used to work for me, Jason. And I was like, Jason. He was still at Twitch after he got acquired and was kind of like, you know.

Spinning his wheels a little bit and I go, Jason, you should just forget about Twitch. I said Every night you should go in Clubhouse and hang out there for like five hours. You will build Like the best network in Silicon Valley.

in the next two months if you just do that. Cause I was like, You're an awesome talker. People love you when they meet you. But it's just hard to go meet like The power players. Clubhouse is this place where all the power players are hanging out. And they want to be talking to randos.

Because that's what Clubhouse is. And that they're excited about Clubhouse, therefore they're excited about talking to Randos. I was like, you can go in there and but go from rando to friend. In like two months. And he did exactly that. He went in there. He started hanging out.

And he built this awesome friend group. They still hang out in real life today. He ended up raising a fund. out of that group of people like, dude, you seem like you know a lot about crypto. Like, can you invest some of my money in crypto? And he's like, Uh, I don't know And ended up raising like a few million dollar fund. Invest in it, made these guys money.

Triple, I think he doubled or tripled the money and paid it all back and gave way stopped the fund within like a year, which is like incredible. And um Yeah, he just like had this awesome networking experience. So to me, AirChat's like that right now. You go in there, everybody's smart and awesome, and like the who's who of of the tech world. And so It's great.

For me as a user right now. I don't think it'll stick like that and I also don't think it'll catch on to be a mainstream social media thing because for one reason. Audio is too slow. People can like scroll and read. I don't know, something crazy, like three or five times faster than audio.

And so there is a It's too slow. Any social media, you're now competing with TikTok. It's like How do you compete with the entertainment per second? that you get rate that you get from an Instagram or TikTok or even a Twitter. It's all short form, bite size.

Just instant dopamine hits. And it's like Podcasts, it's very hard to compete with that. As like Yeah, billions of people are just

opening this thing up all the time because Yeah. Audio is too slow and you get too few like Hits of awesomeness. per uh per minute that you compare to your other options, other buttons on your phone. So that's why I don't think it'll become like a mainstream thing. Tell me about this tradey thing.

Okay, so Dom. Who was the founder of Fast.com, which was a funny story. What's the thirty second story of Fast? Thursday story fast, the guy gets his domain fast dot com. comes out with crazy hype on Twitter.

Of just fast is gonna be the like the next big thing. It's one click instant checkout. What Amazon did with one click checkout, we're gonna do for the rest of the internet. And they're just pumping on Twitter how fast it's gonna be awesome. They raise a bunch of money at a huge valuation. They're bragging about how Hundreds of millions, right? Hundreds, pre launch, uh yeah, pre pre traction, basically. And

A few of us were kinda like I don't know, man. I'm not sure like Where's the customers? Why what's going on? And uh Sure enough, the bubble pops, uh people sort of

Realize that fast.com has basically no traction. Had like I don't know like Tens of thousands in revenue. As it had like, you know, almost a billion dollar valuation. And uh the product doesn't really work that great. The team is like whatever. It all just falls apart. I don't remember the exact details of how it fell apart, like But it fell apart. They were burning, I think, ten million dollars a month.

of investor money at one point. Something like that. Between three and ten million. I don't remember the exact numbers, but They were burning an absurd amount of money, he couldn't raise any more'cause they had no tra no traction at at a certain point. The investors want to see traction. And so fast just combusts. And then it comes out that oh, this guy dumb

previously had built a company in Australia. called tow.com. That was supposed to be Uber for towing. Your car. And tow truck drivers. And basically like

That company also had a Dope domain, toe.com.au. And uh Raise money. It got a bunch of press.

Got sub users, but not a lot, ran up a bill that he couldn't pay. Like a thirteen million dollar bill or something like that, he's getting sued for by the the government there. Because of like towing contracts that he couldn't fulfill. And uh ended up just like leaving Australia and like starting for like it you know, he used to be Dominic Holland and he rebranded as Dom in the US and and uh and did fast.com. So it's kinda like okay, this guy's track record. So now he's got

tradey.com Another quick domain name. Have you seen this thing, tradey? Like uh as in Tradesman. Yeah. And so explain what it is and I'll tell you what I heard about it. So it kind of look on the surface, like most of Dom's ideas, it sounds kind of like a good idea. So it says the fastest way to grow your trade business. And he just shows a bunch of like, you know, blue collar types. Oh, this guy does like landscaping. This guy's got like a tractor. Um and it's like hey We give you a website, we let you do your customers book you and pay for you online.

We give you e easy way to do invoicing. You know, if you're a professional, you know, trade person, uh, you should be using trade. That's the that's the pitch. It's it's not a bad pitch. I think it's a good idea. Um

Now tell tell what you heard about it,'cause I think we heard the same thing. Okay. So here I'll read it. So someone tweeted, they go, Looking at tree.com. Um So far, eighty percent of the businesses I've contacted from the site meaning there's a bunch of businesses that were listed as testimonials. I think he said

It looks like Dom's at it again, right? That's the frame. Yeah, he goes down he goes he's done it again. He goes eighty percent of the companies that contacted from the site don't seem to be real. They're shell companies with fake Yelp and Google listings and ninety percent of them Didn't poke up. Uh didn't pick up the phone. Uh

Trade said one trade made their landing page without permit oh one person who's was listed on the website said that tradey made the landing page without that company's permission. And two so far seem to actually be using the product, but tradey Uh is giving it to them for free and sponsoring them. And then he shows like all the domain names. That the same

LLC that owns trade has also bought all these other domain names that were listed on the website of trade.com. Yeah. This is got Justin Mitchell, J J Mitch. Is the guy who uh Who tweeted this out. And so uh So yeah, like straight off the bat. And now by the way, I think all those are gone from the tradey website. So

So with that and again. My takeaway is run. No not touching this thing. Instant reaction. All right, and the next two tip top.

Uh, yeah, let's skip that one. Let's do the pomp one. So Uh Pom, friend of the pod, is doing something interesting. I don't know the full story. I haven't talked to him about this. Have you talked about this Bay Area Times thing? No, not yet. Do you know what I didn't even know about it. I don't even know what it is. Okay, so uh go to BayareaTimes.com. It looks like So Pomp is famous for he was one of the early guys who was a very vocal about crypto. He started a podcast, YouTube channel, and now he's a whole personality.

He's pivoted away a little bit. From crypto. So now we've just talked about business, but also a little bit politics and Sports and all types of things. How do you think that's going and gonna go? So he was The Bitcoin bull

He he he popped off in terms of uh his he's built his audience around Bitcoin and saying how Amazing crypto is And then People will note like you know, the kind of like the the crypto kinda haters basically will be like Dude, look at this. He removed the red laser eyes. He removed I all mention of Bitcoin from his uh bio.

Um and now like Yeah, I was at a real estate conference the other day. He's uh hosting like, you know, startup events. Um, you know, just like normal startup things. He's doing this like his media stuff is not about crypto anymore. And so, you know, I think he's diversifying and kind of shifting away from I think it's working really well, too. Yeah, and like

I I would just say this. I think for most people it's a very hard transition. I would not want to bet against Pump. I think he is a very Formidable smart person.

Who is going to be successful in whatever he chooses to be successful at and I think he's chosen I'd like to build my hold code to be about these These things instead of just this one. And um I think it's a very hard pivot to make.

And he's making it. Very well. He's doing it very well so far from what I can tell. So he's basically he owns right now he owns. I think he owns a executive recruiting company, a research company. Um

Job board uh a job like a job board and like a course that trains you to get jobs in crypto. And then one and then maybe like two more. Um and then I think he's investing beyond that. So Here's what he said. He goes, Introducing the Bay Area Times. This is a new product that uses data and visuals to analyze what's happening across. Business, finance, and tech on a daily basis. So you go to Bay Area Times dot com.

And he basically says Narratives dominate the headlines on other platforms. Writers Spend paragraph regurgitating the same points over and over again. These legacy products take too long to read, they bury the the data deep in the paragraphs, and it's hard to recall the information. But what if you just want cold hard facts? What if you want to see the data in a single chart?

What if you don't have ten minutes to read every morning? That's what we built this for. So every morning They send out uh email that's got five big stories, it's got a visual. Um, which is like a chart or a graph, along with a few bullet points. No hidden agenda, no choice of facts, no bias narrative. That's his claim. So he says he's been d testing this with twenty thousand readers and the feedback has been phenomenal. Um

Go for it. Right. So you could see It's like it's built on sub stack. Behind. Oh yeah, sorry, this is b oh yeah this is behalf. Um so let me go to

The first one. All right. So Like the one that he sent out three days ago, it's basically here's the data. It's like What's going on in the stock market? What's going on with Bitcoin, gold, Ethereum, et cetera? And then

It'll be like uh here's a chart on life expectancy. And it says life expectancy has been stagnant for the past twenty years. after the COVID drop, it's at seventy seven years old, which is the same level as two thousand three. Right. So that's like the one big chart and then the put bullet points underneath it. So he's basically using visuals to and data to explain what's going on in the news.

I think it's cool. I think The worst case scenario here for him is that this makes like two or three million dollars a year and it's a very, very profitable. The best case it becomes hustle, morning through whatever it gets millions of subscribers and makes tens of millions your However much more. Um I think it's cool. What do you think?

Thing. Yeah. I like people that are going into like newspapers and magazines right now. I think those are very interesting. So there's um Agora, the newsletter company I always talk about, they would say that they would charge like

two grand a year and they would send you like a a newsletter, but it was a financial newsletter, except when they say newsletter, they would literally mail it to you and they still do that. And it was just printed on like printer paper. And it was kind of cool for that reason. Right. And I actually agree with you. I think that could be cool where you just like literally mail someone and it comes in like uh one of those tan Envelopes and it looks like it's almost like Uh here's like the here's like um Like uh I think the president every day gets like a briefing. Yeah, like a presidential briefing where it's like you need to know and like oftentimes on like just a piece of paper.

Like just give me that. But at my house. Totally. And I actually do think that would be cool. Did we talk about this jumbo mail marketing thing? What's up? So I saw this on Twitter. It's pretty cool. So basically, um They they go. The the tagline is this.

Have you ever received a package in the mail? And thrown it away without opening it? Neither have we. And basically they're like 90% of people, 90 plus percent of people Who receive like a a stuffed envelope, like a stuffed package.

We'll rip the thing off and open it. So if you go to Um The Twitter is at Mail Jumbo. It's basically the s the icon's this elephant. And it goes, we create

Jumbo chunky mail that's guaranteed to reach your audience. It's good for real estate investors, home services, and business buyers. Um And basically that what they do is Like

They just do direct mail, like kinda like, you know, here oh, we got a bunch of uh you know, like spam in the mail, like oh Whatever. We wanna buy your business or we're a real estate agent, whatever. But they do it in these jumbo packages just to increase your response rate. So they're like, Yeah, it costs more, but you're actually gonna get more people to to read your thing. And I thought this was like a a brilliant l simple, like side hustle style business that I think also will

We'll get to, you know mid seven figures in revenue and be a profitable bootstrap business. of uh just jumbo mail marketing. There's this guy named Sam Ubbins who we've talked about, but like ten years ago, he had this course called consulting.com and he would teach you how to become a consultant, whether it's like How to do SEO for companies. I don't know what services the consultant would do, but he would teach you how to start a consultancy business.

And he has one big thing that he I don't know if he says he invented it, but he goes this is like my stick is I do this thing called lumpy mail. Where I send just a normal envelope. But I'd put something lumpy in it. Like uh I forget what he would put, but like a figurine or A pen, I forget whatever it was, but it would make it feel like the

envelope had a little bit of weight to it. The reason I do that is because when lumpy mail gets opened way more and I can get your attention way more. And so what these guys are doing they used to call it lumpy, they're calling it Jumbo. I thought I bet they like learned about it from him. Um but and he claims that it was amazing. Well the guy who's behind it, one of the guys who's behind it is the same guy that does uh Is the mobile home mobile home park guy on Twitter. Um, who also does like nine other businesses and is like completely he's like if somebody downloaded the podcast into their brain and then their brain said,

Let's do all of them. He just takes he's doing like nine ideas at once at all times. He's kind of a madman. But this is one of his ideas and he did it because When he was trying to buy businesses like I think like the mobile home like buy these mobile parks mobile home parks. Mm.

needed to do mass outreach and he wanted to increase his response rate of Are they actually even seeing my my offer? Uh or that I want to buy their their Their business. And um how do I get them to reply? And so I think this was part of the the inspiration for that.

I think we should wrap up here, but as before we do I wanna Give you Kudos. You said something last pod that was very funny, that totally flew under the under the radar. And if you made it this far, sixty minutes in. I'm gonna give you a piece of gold that you can go this joke that you're gonna tell your friends. We said something about like breaking up with someone. Maybe it was like breaking up in the business relationship. I don't remember.

But I said something like It's not you, it's me, and you said Yeah. It's not you, it's me in that I think you're horrible. And I regurgitated that joke this weekend.

Killed it. I looked so funny. It was such a you said that live and it totally like weather the radar. Look, it's not you, it's me. And that I think you're the worst. So that of like a free joke. I've just given you something. Um I've given you the listener something. What do they give us when we give them something, right? Nobody just takes, right? You don't want to be a taker. That would be Yes, that would go against our agreement that we have with our listeners. I've just given you something. Sean gave you something that I now uh gifted to you.

Now I want you to go to our YouTube page and Or I always felt the iTunes page and that just shows how old I am. I don't know what the podcast app, like the Apple Podcast app. Go to both of them. And click subscribe.'Cause if you've listened to this We can do that. And by the way, drop comments on the YouTube. I that is now my favorite part of the podcast.

Uh because Pine for we did this for two years with no YouTube. And there's no feedback loop. You don't get any comments on the podcast app. But on YouTube people leave comments and now we get I don't know. I don't know how many it is, like maybe thirty, forty comments per per video. Um

I love I read every single one of them. Every single time. Like no joke'cause it's like My only way to kind of like interact. They all say they're all saying You look ripped now. I do like that part of the comments, not gonna lie, that is a good good feeling. They're like wow.

But it's also one of those like What do you call it? The I had a before before. And now I'm a before photo? You had a you had a way before picture, yes. Exactly. I used to be the way before and now I'm just the before, and I think people recognize it. I I appreciate them for that. Um definitely have some some sap uh

Definition biceps, triceps, you got the seps. But I'm gonna start commenting back uh to about anybody that says something interesting. And uh And to that spammer out there that keeps trying to trick all of our people into a WhatsApp group? I'm hunting you. I'm coming for you because the YouTube algorithm can't get you. I will get you.

I will find you. It's hard. I have a unique set of skills that have prepared me for this moment to find you on every single video and remove your comments. Yeah, ten years of Googling has prepared you to reverse image search and figure out where they've made their mistake. That's the pot. We'll see you all soon. Yeah. Feel like I can rule the world, I know I can be what I want to I put my law in it like my day's off On a road less travel never looking back

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