Episode
E92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
1:39:03
Published: Sat Aug 20 2022
Description
0:00 Bestie intro plus a new moderator! 7:19 Adam Neumann raises $350M from a16z for his new residential real estate startup Flow 25:32 Housing policy: Bay Area, Houston, Miami differences 45:41 China, Saudi Arabia, Russia increase relations: should the US be worried? 1:01:09 Inflation Reduction Act signed into law: climate change impact, CBO scorecard, IRS beefed up, carbon tax, big pharma pricing, and more 1:29:47 Chamath ends his spat with Phil Hellmuth, FBI raid follow-up Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.nytimes.com/2022/08/15/business/dealbook/adam-neumann-flow-new-company-wework-real-estate.html https://www.google.com/finance/quote/PLD:NYSE https://www.google.com/finance/quote/WE:NYSE https://www.google.com/finance/quote/BX:NYSE https://a16z.com/2020/04/18/its-time-to-build https://www.bloomberg.com/news/articles/2022-08-05/vc-marc-andreessen-opposes-plan-for-multi-family-atherton-housing https://www.politico.com/news/2022/08/16/xi-jinping-saudi-arabia-trip-middle-east-influence-00052023 https://www.wsj.com/articles/saudi-arabia-considers-accepting-yuan-instead-of-dollars-for-chinese-oil-sales-11647351541 https://www.wsj.com/articles/china-to-join-russia-military-exercises-as-u-s-rivals-deepen-ties-11660755790 https://www.reuters.com/markets/europe/saudi-pif-buys-shares-alphabet-zoom-microsoft-us-shopping-spree-2022-08-16 https://www.foreignaffairs.com/ukraine/playing-fire-ukraine https://www.cbo.gov/system/files/2022-08/hr5376_IR_Act_8-3-22.pdf https://www.weforum.org/agenda/2022/02/what-a-carbon-tax-can-do-and-why-it-cannot-do-it-all https://www.realclearinvestigations.com/articles/2022/08/18/fbi_unit_leading_mar-a-lago_probe_previously_led_russiagate_hoax_848582.html
Chapters
In the All In podcast episode, J. Cal is a guest and they discussed the preparation process before recording and the improvement in the show's formatting.
00:00 - 01:00 (01:00)
Summary
In the All In podcast episode, J. Cal is a guest and they discussed the preparation process before recording and the improvement in the show's formatting.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Running a podcast with four distinct perspectives can be challenging as each person has different goals and priorities for the show.
01:00 - 05:29 (04:28)
Summary
Running a podcast with four distinct perspectives can be challenging as each person has different goals and priorities for the show. However, disagreements and fights can still lead to growth and success for the podcast.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The co-founder of WeWork, Adam Neumann, announced a new residential apartments company called Flow, with the same focus on experience and quality as his previous venture.
05:29 - 09:26 (03:57)
Summary
The co-founder of WeWork, Adam Neumann, announced a new residential apartments company called Flow, with the same focus on experience and quality as his previous venture. This raises the question of founders having a second act, and the difficulties of working with friends.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
WeWork has about 45 million square feet under management, they're a $3.6 billion company, which is smaller compared to their competitor, IWG, who has a billion square feet under management and is valued at $100 billion.
09:26 - 18:55 (09:29)
Summary
WeWork has about 45 million square feet under management, they're a $3.6 billion company, which is smaller compared to their competitor, IWG, who has a billion square feet under management and is valued at $100 billion.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Discussing SoftBank's plan to invest in WeWork's expansion of 700,000 apartments, the speaker implies that the success of the business depends on its ability to convince renters to pay a premium price for the WeWork experience.
18:55 - 25:50 (06:55)
Summary
Discussing SoftBank's plan to invest in WeWork's expansion of 700,000 apartments, the speaker implies that the success of the business depends on its ability to convince renters to pay a premium price for the WeWork experience. However, the real estate business has real costs and must have spending discipline to maintain returns.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The surging economic potential in high-growth cities creates crazily skyrocketing housing prices, making it impossible for regular people to move in and take the jobs of the future, and as such, merely focusing on smaller towns is not enough to solve the affordable housing crisis.
25:50 - 32:30 (06:39)
Summary
The surging economic potential in high-growth cities creates crazily skyrocketing housing prices, making it impossible for regular people to move in and take the jobs of the future, and as such, merely focusing on smaller towns is not enough to solve the affordable housing crisis.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
State and local government argues over the building of 264 luxury townhomes, while the real issue on the Peninsula is a lack of affordable housing.
32:30 - 42:04 (09:34)
Summary
State and local government argues over the building of 264 luxury townhomes, while the real issue on the Peninsula is a lack of affordable housing.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The gerrymandering of school districts in democratic cities has resulted in perverted regulations and citizens should be allowed reasonable freedom to construct cities they want to live in, under the principle of subsidiarity.
42:04 - 48:36 (06:32)
Summary
The gerrymandering of school districts in democratic cities has resulted in perverted regulations and citizens should be allowed reasonable freedom to construct cities they want to live in, under the principle of subsidiarity. This issue could have an effect on foreign policy and global politics in the years to come.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast, the speakers discuss the complicated relationship between the US and its Middle Eastern allies, and whether a change in US foreign policy is needed to prevent them from turning to China as an alternative partner.
48:36 - 53:18 (04:42)
Summary
In this podcast, the speakers discuss the complicated relationship between the US and its Middle Eastern allies, and whether a change in US foreign policy is needed to prevent them from turning to China as an alternative partner.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation outlines the importance of embracing different democracies and building strong relationships with them instead of creating a legion of dictators.
53:19 - 58:56 (05:37)
Summary
The conversation outlines the importance of embracing different democracies and building strong relationships with them instead of creating a legion of dictators. The best-run countries are responding to this moment in time in a manner similar to what any company would do.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Chamath Palihapitiya argues that carbon needs to be taxed to resolve climate change, as we are not currently accounting for the external costs of industrial production that are affecting our planet.
58:56 - 1:09:11 (10:15)
Summary
Chamath Palihapitiya argues that carbon needs to be taxed to resolve climate change, as we are not currently accounting for the external costs of industrial production that are affecting our planet. He also discusses the cost and efficacy of the $3.5 trillion infrastructure bill in terms of addressing climate change.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the complexities and differences of opinion in implementing a carbon tax bill, including the impact on corporations and individuals, how to measure carbon emissions, and the potential for new tax breaks.
1:09:11 - 1:19:13 (10:02)
Summary
The podcast discusses the complexities and differences of opinion in implementing a carbon tax bill, including the impact on corporations and individuals, how to measure carbon emissions, and the potential for new tax breaks.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The IRS plans to increase audits on wealthy Americans to collect unpaid taxes, but some argue that building software to guarantee only those who should be audited are would be more cost-effective.
1:19:13 - 1:23:40 (04:26)
Summary
The IRS plans to increase audits on wealthy Americans to collect unpaid taxes, but some argue that building software to guarantee only those who should be audited are would be more cost-effective.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In response to pharmaceutical companies reducing spending due to the price cap, the US government created its own generic drug manufacturer to provide drugs for universal healthcare, potentially reducing R&D investment by pharmaceutical companies.
1:23:40 - 1:29:16 (05:36)
Summary
In response to pharmaceutical companies reducing spending due to the price cap, the US government created its own generic drug manufacturer to provide drugs for universal healthcare, potentially reducing R&D investment by pharmaceutical companies.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speakers discuss competition and jerk consumption while sharing an anecdote about a credit issue regarding a deal.
1:29:16 - 1:32:46 (03:30)
Summary
The speakers discuss competition and jerk consumption while sharing an anecdote about a credit issue regarding a deal.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The FBI unit that conducted the raid on Mar-a-Lago is the same unit that conducted the investigation into Trump back in 2016 which had members fired for wrongdoing and are currently under investigation by John Durham.
1:32:46 - 1:38:02 (05:15)
Summary
The FBI unit that conducted the raid on Mar-a-Lago is the same unit that conducted the investigation into Trump back in 2016 which had members fired for wrongdoing and are currently under investigation by John Durham. Christopher Wray prohibited this unit from seeking warrants from the FISA court, which raises questions of conflict of interest and impropriety.
EpisodeE92: Adam Neumann's second act, a16z's $350M bet, housing policy, Inflation Reduction Act & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
An unclear conversation between Dave Friedberg and J Cal, where they joke about moderating the show.
1:38:02 - 1:38:26 (00:24)
Summary
An unclear conversation between Dave Friedberg and J Cal, where they joke about moderating the show. They briefly mention Real Clear Politics and biased sources.