Episode
E57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
1:18:24
Published: Sat Dec 04 2021
Description
(0:00) Bestie Intro: Miami talk, gambling stories, Nancy Pelosi's retirement plans (12:30) Understanding the Omicron variant (24:49) Tech stocks plummet: why the selloff? (33:44) Inflation: here to stay? What's the 10-year outlook? (44:57) Anticipating a "Great Resignation" of successful VCs (54:45) Tech people ruining Art Basel, comparing Bay Area / South Florida immigrant communities in terms of political activity, success of Indian-Americans in tech (1:02:08) Mike Bloomberg donates $750M to charter schools (1:07:52) Jack Dorsey's departure from Twitter, what it means for free speech 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://twitter.com/trvrb https://www.nejm.org/doi/full/10.1056/NEJMoa2115463 https://twitter.com/erictopol/status/1466799350990839810 https://twitter.com/Jason/status/1465037481187987457 https://www.wsj.com/articles/china-set-to-create-new-stateowned-rare-earths-giant-11638545586 https://www.shippingandfreightresource.com/china-us-freight-rates-plunge-but-china-manufacturing-woes-create-new-headaches-for-shippers https://fortune.com/2021/08/09/lumber-prices-down-2018-levels https://twitter.com/rabois/status/1466816803418615812 https://twitter.com/michelletandler/status/1465393612577853440 https://www.wsj.com/articles/michael-bloomberg-why-im-backing-charter-schools-covid-19-learning-loss-teachers-union-11638371324 https://www.technologyreview.com/2020/11/18/1012066/emtech-stage-twitters-cto-on-misinformation https://bariweiss.substack.com/p/twitter-is-about-to-get-way-worse
Chapters
The podcasters discuss weight and share anecdotes about animal skinning at an event attended by one of the hosts.
00:00 - 01:54 (01:54)
Summary
The podcasters discuss weight and share anecdotes about animal skinning at an event attended by one of the hosts.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker shares some fun activities to do with kids in Las Vegas, including visiting the Blue Man Group, Lion Safari, and the Adventure Dome indoor amusement park, as well as teaching them how to play craps.
01:55 - 04:28 (02:33)
Summary
The speaker shares some fun activities to do with kids in Las Vegas, including visiting the Blue Man Group, Lion Safari, and the Adventure Dome indoor amusement park, as well as teaching them how to play craps.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker recalls their legendary casino run where they won 85% of the hands in the next two shoes and doubled down for their last bet.
04:28 - 08:29 (04:00)
Summary
The speaker recalls their legendary casino run where they won 85% of the hands in the next two shoes and doubled down for their last bet. They also mention their dedication to the game, even missing a benefit dinner to continue playing.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Speaker of the House, Nancy Pelosi has reportedly spent 25 million dollars on a retirement house, raising speculation about her possible retirement after the 2022 elections.
08:29 - 12:47 (04:18)
Summary
Speaker of the House, Nancy Pelosi has reportedly spent 25 million dollars on a retirement house, raising speculation about her possible retirement after the 2022 elections.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The potential for more lockdowns and adverse economic impacts related to the new Omicron COVID-19 variant may lead to market reactions based on policy decisions rather than actual risk.
12:47 - 19:56 (07:09)
Summary
The potential for more lockdowns and adverse economic impacts related to the new Omicron COVID-19 variant may lead to market reactions based on policy decisions rather than actual risk. The origins of the Omicron variant are still being investigated, with possible links to long-term circulation in individuals with severe immune compromise systems.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The podcast discusses the controversial topic of whether or not lockdowns were a disaster for the economy and whether they actually had any impact.
19:56 - 24:14 (04:17)
Summary
The podcast discusses the controversial topic of whether or not lockdowns were a disaster for the economy and whether they actually had any impact.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Private companies that raised money in private markets may struggle to go public if the public markets have compressed multiples, leading to new types of equities emerging to get companies out to the public.
24:14 - 31:10 (06:56)
Summary
Private companies that raised money in private markets may struggle to go public if the public markets have compressed multiples, leading to new types of equities emerging to get companies out to the public. However, the idea of allowing a decade of forward-looking credit to investors may need to be explored further as the market evolves.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The conversation centers on inflation, globalization, and investing during the pandemic.
31:10 - 38:08 (06:57)
Summary
The conversation centers on inflation, globalization, and investing during the pandemic. With the world moving into a decentralized place, investors need to make bets on a shorter horizon with high valuations but with enough runway to fill into the valuation if there is a compression.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker predicts a few years of pain and unprofitable money-losing businesses due to the underinvestment in macro and micro levels, which have distorted people's incentives to work and led to increased prices.
38:08 - 47:53 (09:44)
Summary
The speaker predicts a few years of pain and unprofitable money-losing businesses due to the underinvestment in macro and micro levels, which have distorted people's incentives to work and led to increased prices.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Venture capitalists are shifting their focus from pure play technology to more meaningful and altruistic ventures such as climate change.
47:53 - 53:08 (05:14)
Summary
Venture capitalists are shifting their focus from pure play technology to more meaningful and altruistic ventures such as climate change. Web3 also provides an opportunity to reinvent the social, economic, governance, and communication models for humanity.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The tech community has a consistent trend of attending esoteric and art-inspired events and spaces such as Sundance, Burning Man, and Miami Art Basel.
53:08 - 57:39 (04:31)
Summary
The tech community has a consistent trend of attending esoteric and art-inspired events and spaces such as Sundance, Burning Man, and Miami Art Basel.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker discusses rampant looting in San Francisco, where multiple stores including Zara, The Gap, Nike, and Louis Vuitton have been boarded up after being knocked off.
57:39 - 1:01:53 (04:13)
Summary
The speaker discusses rampant looting in San Francisco, where multiple stores including Zara, The Gap, Nike, and Louis Vuitton have been boarded up after being knocked off. The speaker criticizes the authorities who try to downplay the severity of the situation.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
In this podcast, the hosts question the effectiveness of anti-choice practices in schools and the reasons behind successful sales strategies.
1:01:53 - 1:07:50 (05:57)
Summary
In this podcast, the hosts question the effectiveness of anti-choice practices in schools and the reasons behind successful sales strategies. The podcast also includes the announcement of a program that will provide $750 million to get 150,000 kids to enroll in charter schools across the United States.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
People are afraid that Twitter may slide into even greater censorship after Parag Agarwal, the new CEO who believes that Twitter does not need to follow the principles of the First Amendment and its content moderation policy.
1:07:50 - 1:12:51 (05:00)
Summary
People are afraid that Twitter may slide into even greater censorship after Parag Agarwal, the new CEO who believes that Twitter does not need to follow the principles of the First Amendment and its content moderation policy. The challenge arises when the political motivation deems someone's voice to be harmful, inflammatory or violence-inducing.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The debate between freedom of speech and right to privacy in public spaces continues, with some arguing that people in the background of photos need to consent to having their picture taken, while others believe that taking pictures in public places is an example of freedom of speech.
1:12:51 - 1:17:29 (04:38)
Summary
The debate between freedom of speech and right to privacy in public spaces continues, with some arguing that people in the background of photos need to consent to having their picture taken, while others believe that taking pictures in public places is an example of freedom of speech.
EpisodeE57: Understanding Omicron, tech stocks plummet, VC's great resignation, Jack Dorsey's departure
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The transcript contains a jumbled and nonsensical conversation between several people, including references to open sources, affection towards individuals named Kenley and Weskies, avatars, and sexual tension.
1:17:29 - 1:18:13 (00:44)
Summary
The transcript contains a jumbled and nonsensical conversation between several people, including references to open sources, affection towards individuals named Kenley and Weskies, avatars, and sexual tension.