Episode
E97: SPAC updates, public/private market overview, Putin's end game & more
1:24:54
Published: Fri Sep 23 2022
Description
0:00 Bestie intros! 1:03 SPAC updates, state of the public/private markets 20:26 US VCs have $290B in dry powder and raised a record amount in H1 2022, is the market nearing a bottom? 31:14 Risks of backing Putin into a corner, Russia's end game, conditions for conflict 50:45 Government-heavy climate plans, Dilbert/ESG backlash 1:01:20 Poker plans, chess cheating scandal 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://youtu.be/AODfsBMGzGQ https://twitter.com/chamath/status/1461453308623659010 https://marketbrief.edweek.org/marketplace-k-12/byjus-releases-delayed-audit-report-showing-large-losses-2021 https://pitchbook.com/news/reports/q2-2022-pitchbook-nvca-venture-monitor https://techcrunch.com/2022/05/10/tiger-global-hit-by-17b-hedge-fund-losses-has-nearly-depleted-its-latest-vc-fund https://www.nytimes.com/2022/09/10/world/europe/russia-ukraine-retreat-putin.html https://warfarehistorynetwork.com/douglas-macarthur-atomic-bombs-will-win-the-korean-war/ https://www.nytimes.com/2022/09/10/world/europe/russia-ukraine-retreat-putin.html https://sites.tufts.edu/css/mip-research/#:~:text=According%20to%20our%20data%2C%20the,these%20missions%20occurred%20after%201999 https://www.brown.edu/news/2021-09-01/costsofwar https://www.wsj.com/articles/gavin-newsoms-2024-climate-platform-california-40-climate-bills-energy-electricity-blackouts-11663702766 https://twitter.com/UncommonYield/status/1572743593508638722 https://twitter.com/Jason/status/1572399621389062145
Chapters
The speaker talks about a roast that they participated in at Saks's birthday, and how it was the most off-color, mean-spirited diatribe they have ever heard.
00:00 - 00:58 (00:58)
Summary
The speaker talks about a roast that they participated in at Saks's birthday, and how it was the most off-color, mean-spirited diatribe they have ever heard.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Going public is a complicated process that requires confidence and learning the ropes.
00:58 - 06:10 (05:12)
Summary
Going public is a complicated process that requires confidence and learning the ropes. Negotiating the deal becomes more difficult when the rest of the board sees markdowns in their private assets.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker believes it is important to manage risk when investing in energy and has spent time exploring producers of natural gas, oil, LNG facilities and more.
06:10 - 13:22 (07:11)
Summary
The speaker believes it is important to manage risk when investing in energy and has spent time exploring producers of natural gas, oil, LNG facilities and more. They are willing to share their buying or selling decisions in certain situations.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Having a network is important when investing in frontier countries as it creates moral social proof and diligence, discouraging fraudulent behavior.
13:22 - 19:16 (05:54)
Summary
Having a network is important when investing in frontier countries as it creates moral social proof and diligence, discouraging fraudulent behavior. Some investors are not willing to do the work necessary to make informed investment decisions and rely on momentum-driven decisions instead.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
LPs are still showing a strong appetite for venture capital despite funds being deployed at a quick pace, especially during the down market.
19:17 - 24:20 (05:03)
Summary
LPs are still showing a strong appetite for venture capital despite funds being deployed at a quick pace, especially during the down market. Some funds, like Tiger Global's latest fund, have even been two-thirds deployed before being announced.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US consumer is facing a tough and sticky time over the next 18 months as the country experiences a significant increment in unemployment to ultimately resolve the inflation problem.
24:20 - 31:06 (06:45)
Summary
The US consumer is facing a tough and sticky time over the next 18 months as the country experiences a significant increment in unemployment to ultimately resolve the inflation problem.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The tension between Russia and Ukraine continues to escalate and military experts are warning about the use of tactical nuclear weapons.
31:06 - 36:33 (05:27)
Summary
The tension between Russia and Ukraine continues to escalate and military experts are warning about the use of tactical nuclear weapons. While there's no direct indication that these weapons would be used, the language and posturing from both sides is increasingly aggressive.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The possibility of Russia using tactical nukes is not a bluff, according to the guest speaker, who compares Putin to a ruthless mafia boss rather than a madman.
36:33 - 38:45 (02:12)
Summary
The possibility of Russia using tactical nukes is not a bluff, according to the guest speaker, who compares Putin to a ruthless mafia boss rather than a madman.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this episode, the panel explores the possibility of nuclear war and the leadership that would be necessary to avoid it.
38:45 - 43:04 (04:18)
Summary
In this episode, the panel explores the possibility of nuclear war and the leadership that would be necessary to avoid it. They also discuss the current state of the economy and the impact it may have on the global geopolitical landscape.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of distractions by politicians to shift the focus away from core problems is not a new phenomenon but it seems to be more prevalent than ever.
43:04 - 50:19 (07:15)
Summary
The use of distractions by politicians to shift the focus away from core problems is not a new phenomenon but it seems to be more prevalent than ever. However, the psychology behind it and its effectiveness are not that simple to understand.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The high cost of solar installations in low-income districts makes it challenging to meet the global net-zero targets set by the International Energy Agency.
50:19 - 55:01 (04:41)
Summary
The high cost of solar installations in low-income districts makes it challenging to meet the global net-zero targets set by the International Energy Agency. While the cost of power generation in California has fallen by 90% with the use of renewables, there is a need for transitioning to emission-free lending and investment activities in line with the net-zero targets.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The only way to achieve energy independence is to make each of the 100 million households resilient by providing solar panels, battery storage, and potable water, all of which are affordable and available.
55:01 - 1:01:46 (06:45)
Summary
The only way to achieve energy independence is to make each of the 100 million households resilient by providing solar panels, battery storage, and potable water, all of which are affordable and available. Poorly managed energy policies and non-mapable progressive solutions only hurt people in the long run, and energy companies need to start deploying solutions that are actually useful.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The rise of computer AI in chess has led to suspicions of cheating and threatens to make human performance obsolete.
1:01:46 - 1:06:34 (04:47)
Summary
The rise of computer AI in chess has led to suspicions of cheating and threatens to make human performance obsolete. However, some players believe that human players with experience can still utilize exploitative techniques against GTO-style AI players.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The use of artificial constructs in gaming allows for a new level of interaction with computers, but it may also render the role of decision-making abilities in games obsolete as the software becomes a better decision-maker than humans.
1:06:34 - 1:11:58 (05:23)
Summary
The use of artificial constructs in gaming allows for a new level of interaction with computers, but it may also render the role of decision-making abilities in games obsolete as the software becomes a better decision-maker than humans.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Chess masters are learning the hard way that computers are better players than humans, causing their ego built on mastery over the game to be fundamentally challenged by artificial intelligence.
1:11:58 - 1:19:00 (07:02)
Summary
Chess masters are learning the hard way that computers are better players than humans, causing their ego built on mastery over the game to be fundamentally challenged by artificial intelligence.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The article discusses the cheating accusations in the chess world and mentions how some players have been accused of using performance-enhancing drugs.
1:19:00 - 1:23:40 (04:40)
Summary
The article discusses the cheating accusations in the chess world and mentions how some players have been accused of using performance-enhancing drugs. It also talks about the challenges of burning calories during long games of classical chess.
EpisodeE97: SPAC updates, public/private market overview, Putin's end game & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker reflects on how the fans went crazy with the open source project called Rageberg, and the sexual tension they needed to release.
1:23:40 - 1:25:02 (01:22)
Summary
The speaker reflects on how the fans went crazy with the open source project called Rageberg, and the sexual tension they needed to release. He also mentions his idea of renaming it Freberg.