Episode
E0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
1:28:55
Published: Sun Mar 15 2020
Description
Follow @chamath: https://twitter.com/chamath Follow @jason: https://twitter.com/Jason https://linktr.ee/calacanis 0:01 Jason intros Chamath and Episode 0 of All-In and they discuss their current self-quarantine 0:55 Jason intros David Friedberg 1:35 Chamath gives the inaugural (& potentially final) All-In ad read 2:17 As a Warriors owner, Chamath gives his reaction to the NBA postponing & uncoordinated actions of government & private sectors 4:37 Why was the US so slow to react on both an individual & governmental level? What did the OpenTable data show? 9:03 David explains the actions he would take if he was president 12:37 Thoughts on Trump’s private sector involvement 16:58 Has the press failed in its coverage, or are they just feeding people what they want? 23:52 What will the next few weeks in the US look like? Why has the virus spread severely in Italy, but not yet in India? 37:20 How the COVID-19 viral coefficient compares to the early days of Facebook’s numbers 40:26 Chances of Trump testing positive for the virus? What effect would that have on markets? 48:53 What should we do differently next time? 53:13 Will there both more deaths due to second order effects of the virus than direct deaths? 1:01:06 Should there be a global stimulus package? Effect of low-volatility during recent bull run? 1:11:26 Chances of a quick resolution? 1:16:48 How are Jason & Chamath advising their portfolio companies? How are IPO’s of companies like Airbnb & DoorDash being effected? 1:21:17 How to approach the next year in startups & VC?
Chapters
In this podcast, the hosts discuss the current chaos caused by the coronavirus epidemic in the United States with Chamath Palihapitiya.
00:00 - 02:44 (02:44)
Summary
In this podcast, the hosts discuss the current chaos caused by the coronavirus epidemic in the United States with Chamath Palihapitiya. They reflect on the sudden seriousness of the virus and the current state of affairs.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Discussion on the role of government in responding to pandemics and how some individuals who typically lean towards libertarianism may change their views in crisis situations like the COVID-19 pandemic.
02:45 - 08:29 (05:44)
Summary
Discussion on the role of government in responding to pandemics and how some individuals who typically lean towards libertarianism may change their views in crisis situations like the COVID-19 pandemic.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The anti-science, anti-expertise paradigm in the current US administration is frustrating for those who clearly see a need for scientific intervention in times of crisis, such as the current COVID-19 outbreak.
08:30 - 13:48 (05:18)
Summary
The anti-science, anti-expertise paradigm in the current US administration is frustrating for those who clearly see a need for scientific intervention in times of crisis, such as the current COVID-19 outbreak. The effectiveness of current measures will depend on our ability to manage the number of hospital beds in the face of uncertainty about the number of exposures.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The media that consumers want to consume wins in the marketplace, and blaming journalists for disseminating certain news is not the answer.
13:49 - 19:39 (05:50)
Summary
The media that consumers want to consume wins in the marketplace, and blaming journalists for disseminating certain news is not the answer. Tapping the private sector is politically wise, as it involves companies in the solution while making them part of the bigger problem if the issue gets worse.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Balaji Srinivasan discusses the management of COVID-19, including reducing the fatality rate and the potential use of Remdesivir.
19:39 - 28:49 (09:09)
Summary
Balaji Srinivasan discusses the management of COVID-19, including reducing the fatality rate and the potential use of Remdesivir. He also talks about the impact on the world, including the closure of Apple stores, the NBA on hiatus, and quarantining in major cities.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The elderly have a higher likelihood of having a severe reaction to COVID-19, while countries like Italy are struggling to provide healthcare due to overcrowding.
28:49 - 33:09 (04:19)
Summary
The elderly have a higher likelihood of having a severe reaction to COVID-19, while countries like Italy are struggling to provide healthcare due to overcrowding. Additionally, smoking heavily can lead to an increased risk of health problems.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea of developing herd immunity may reduce the spread of the virus, but it is still putting 1% of the population at risk of death from COVID-19.
33:10 - 42:42 (09:32)
Summary
The idea of developing herd immunity may reduce the spread of the virus, but it is still putting 1% of the population at risk of death from COVID-19. The virus has a higher statistical rate of infection than the flu and a portion of people may have incredibly bad symptoms.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes that President Trump is likely to be quarantined if he is diagnosed with COVID-19, but his actual condition might not be revealed.
42:42 - 47:06 (04:23)
Summary
The speaker believes that President Trump is likely to be quarantined if he is diagnosed with COVID-19, but his actual condition might not be revealed. They draw parallels between the response in China and the potential response in the United States.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The risk factors of COVID-19 in Iran are still unknown and could be due to genetic or behavioral factors.
47:06 - 52:57 (05:51)
Summary
The risk factors of COVID-19 in Iran are still unknown and could be due to genetic or behavioral factors. It's important to not put out drugs that could potentially harm even a small percentage of the population, especially in a demographic where a significant portion could experience exponential decay from the virus.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The economic impact of the coronavirus pandemic may not be fully understood until several months down the line, with small businesses like Alamo Draft House already feeling the effects, and individuals being encouraged to be cautious with any extra income they may receive as a result of government stimulus efforts.
52:57 - 1:03:22 (10:24)
Summary
The economic impact of the coronavirus pandemic may not be fully understood until several months down the line, with small businesses like Alamo Draft House already feeling the effects, and individuals being encouraged to be cautious with any extra income they may receive as a result of government stimulus efforts.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Five large tech companies holding around a trillion dollars could face difficult situations due to possible government regulations and high debts that could lead to missed earnings, defaults, and financial pressure.
1:03:22 - 1:11:35 (08:12)
Summary
Five large tech companies holding around a trillion dollars could face difficult situations due to possible government regulations and high debts that could lead to missed earnings, defaults, and financial pressure.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The impact of the COVID-19 shutdown on businesses, particularly startups, is yet to be determined as we potentially face losing another two to four weeks of cash flow.
1:11:36 - 1:18:17 (06:41)
Summary
The impact of the COVID-19 shutdown on businesses, particularly startups, is yet to be determined as we potentially face losing another two to four weeks of cash flow. The hope is that IgG tests will soon be available to show a larger number of asymptomatic cases, leading to a calmer public, but the effects on small businesses and their revenue are still unknown.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The COVID-19 pandemic has caused economic turmoil, and companies are facing challenges in funding and investing.
1:18:17 - 1:25:53 (07:35)
Summary
The COVID-19 pandemic has caused economic turmoil, and companies are facing challenges in funding and investing. With fewer investors interested in bridging the gap financially, smaller businesses may need to turn to alternative funding options or even put money off their balance sheets to help fund them.
EpisodeE0: COVID-19 Political, Economic & Social Ramifications featuring The Production Board's David Friedberg (frmly Founder/CEO, The Climate Corporation)
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses the current state of the economy, infrastructure, and governmental system in the US and predicts a challenging future for those with capital as well as individuals with retail and hourly jobs.
1:25:53 - 1:28:53 (02:59)
Summary
The speaker discusses the current state of the economy, infrastructure, and governmental system in the US and predicts a challenging future for those with capital as well as individuals with retail and hourly jobs. There is a possibility of civil unrest due to the breakdown of society.