Episode
E78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
1:51:40
Published: Sat Apr 30 2022
Description
0:00 Bestie intros 4:32 Understanding VC fund metrics that matter, state of private markets 29:37 Recession possibilities, Q1 negative growth 44:56 Student loan forgiveness, fixing the underlying system, solutions 1:09:52 Archegos founder Bill Hwang arrested and charged with fraud and racketeering 1:19:08 New Disinformation Governance Board 1:30:23 Predictions for Elon's Twitter vision, policing speech on social media using existing case law 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.socialcapital.com/ideas/2021-annual-letter https://twitter.com/jasongoepfert/status/1520040516955643905 https://www.wsj.com/articles/us-economy-gdp-growth-q1-11651108351 https://twitter.com/lizannsonders/status/1520021943621140483 https://www.conference-board.org/topics/consumer-confidence https://twitter.com/DavidSacks/status/1489128016508719104 https://educationdata.org/wp-content/uploads/78/historical-cost-of-tuition-and-fees-room-and-board.webp https://www.theatlantic.com/ideas/archive/2022/04/should-biden-forgive-student-loan-debt/629700/ https://www.sec.gov/news/press-release/2022-70 https://apnews.com/article/russia-ukraine-immigration-media-europe-misinformation-4e873389889bb1d9e2ad8659d9975e9d https://www.dhs.gov/ntas/advisory/national-terrorism-advisory-system-bulletin-february-07-2022 https://www.nytimes.com/2017/11/01/us/politics/russia-2016-election-facebook.html https://twitter.com/elonmusk/status/1519073003933515776
Chapters
In this podcast, the hosts banter about stand-up comedy and the importance of friendship, including opening up to one another, and going out for a night of drinks.
00:00 - 00:40 (00:40)
Summary
In this podcast, the hosts banter about stand-up comedy and the importance of friendship, including opening up to one another, and going out for a night of drinks.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Prenuvo offers a head-to-toe MRI scan that works with machine learning and image recognition to help radiologists interpret MRIs in real-time.
00:40 - 04:37 (03:56)
Summary
Prenuvo offers a head-to-toe MRI scan that works with machine learning and image recognition to help radiologists interpret MRIs in real-time. Numerous life-threatening conditions such as brain tumors, brain cancer, and stomach cancer have been diagnosed with the help of Prenuvo.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Evaluating a firm's long-term performance is essential in identifying successful investments.
04:37 - 14:06 (09:29)
Summary
Evaluating a firm's long-term performance is essential in identifying successful investments. Equity firms with a proven track record of high returns are valuable investments as opposed to firms who struggle to multiply the funds received from investors.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Investing in private funds has two major drawbacks: illiquidity and selective data presentation.
14:06 - 21:07 (07:00)
Summary
Investing in private funds has two major drawbacks: illiquidity and selective data presentation. It is important to fully understand these risks before choosing to invest in a private fund instead of a more traditional option such as the S&P 500.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Startups that raised at high valuations in the past six to eight months should top off their funding rounds as public market investors are now taking a 60% discount on tech stocks.
21:07 - 30:03 (08:55)
Summary
Startups that raised at high valuations in the past six to eight months should top off their funding rounds as public market investors are now taking a 60% discount on tech stocks. Companies with overfunded valuations that are under-executing and burning large amounts of cash will have to face the truth, resulting in a lagging effect that will only appear in fund documents and reports a year or two later.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Consumer spending rose at a 2.7% annual rate in Q1, a slight acceleration from Q4, but supply chain issues and the end of the savings boom pose risks to the economy.
30:03 - 36:11 (06:07)
Summary
Consumer spending rose at a 2.7% annual rate in Q1, a slight acceleration from Q4, but supply chain issues and the end of the savings boom pose risks to the economy.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
When there is a wealth destruction in the stock market due to dispersion, it eventually affects the economy as a whole, resulting in companies cutting budgets and reducing spending.
36:11 - 42:22 (06:10)
Summary
When there is a wealth destruction in the stock market due to dispersion, it eventually affects the economy as a whole, resulting in companies cutting budgets and reducing spending. This phenomenon is often related to major personalities selling off their equities.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The student debt crisis is a major issue facing millions of Americans, with many graduates struggling to pay back their loans.
42:22 - 51:26 (09:04)
Summary
The student debt crisis is a major issue facing millions of Americans, with many graduates struggling to pay back their loans. This is largely due to the federal government's involvement in guaranteeing student loans, leading to inflated prices and for-profit institutions taking advantage of students.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Anthony Pompliano talks about the issue with student loans and how lack of standard and regulation can lead to individuals being taken advantage of by private companies for their own profit, without benefiting those who have paid for the education
51:26 - 1:02:00 (10:33)
Summary
Anthony Pompliano talks about the issue with student loans and how lack of standard and regulation can lead to individuals being taken advantage of by private companies for their own profit, without benefiting those who have paid for the education
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The federal student loan program was created to provide access to capital that private markets weren't providing, improve education, and grow the economy.
1:02:00 - 1:08:30 (06:29)
Summary
The federal student loan program was created to provide access to capital that private markets weren't providing, improve education, and grow the economy. However, many students end up with high levels of debt and the program only reaches a small percentage of the population, making it precarious.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Archegos Capital's high leverage bets on a handful of companies caused it to own 60-70% of some of these companies, leading to losses for banks like Credit Suisse, Morgan Stanley, and UBS, and causing down drafts in the stock market in March 2020.
1:08:30 - 1:17:08 (08:38)
Summary
Archegos Capital's high leverage bets on a handful of companies caused it to own 60-70% of some of these companies, leading to losses for banks like Credit Suisse, Morgan Stanley, and UBS, and causing down drafts in the stock market in March 2020.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The speaker ponders the sociopathic behavior of people who shoplift, referencing a specific incident involving someone stealing Manchego cheese.
1:17:08 - 1:18:52 (01:44)
Summary
The speaker ponders the sociopathic behavior of people who shoplift, referencing a specific incident involving someone stealing Manchego cheese.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The hiring of a disinformation czar represents an attempt to censor and shut down debate on certain issues under the guise of protecting national security, as demonstrated by the redefinition of disinformation by the Homeland Security Department.
1:18:52 - 1:24:34 (05:41)
Summary
The hiring of a disinformation czar represents an attempt to censor and shut down debate on certain issues under the guise of protecting national security, as demonstrated by the redefinition of disinformation by the Homeland Security Department. This suggests that the ruling elite are not interested in the truth, but in maintaining their power and control over the narrative.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The discussion centers around the scale of interference in the 2020 US election by big tech companies and the controversy around the censoring of hacked information.
1:24:34 - 1:31:09 (06:35)
Summary
The discussion centers around the scale of interference in the 2020 US election by big tech companies and the controversy around the censoring of hacked information. The authentication of every human user on social media platforms may make it difficult for misinformation to spread.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The debate over whether or not there should be constraints on free speech online has been ongoing for years.
1:31:09 - 1:37:04 (05:54)
Summary
The debate over whether or not there should be constraints on free speech online has been ongoing for years. While some argue that free speech should have no bounds, others believe that there should be limitations and boundaries set around things related to health.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The design of social network algorithms requires careful consideration of various layers of decision-making to ensure accurate ranks of content.
1:37:04 - 1:40:09 (03:04)
Summary
The design of social network algorithms requires careful consideration of various layers of decision-making to ensure accurate ranks of content. Regulatory issues such as false medical claims also need to be taken into account, particularly when users can financially benefit from spreading such information.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The problem with social media labeling and censorship is that it is done selectively and without transparency, potentially leading to biased decisions on who is right in a debate.
1:40:09 - 1:45:39 (05:30)
Summary
The problem with social media labeling and censorship is that it is done selectively and without transparency, potentially leading to biased decisions on who is right in a debate. Data scientists could provide a starting point to analyze and understand the actions taken by social media companies in regard to misinformation.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Medical experts can be wrong and questioning their opinions is necessary to make corrections as in the case of harmful drugs.
1:45:39 - 1:50:09 (04:29)
Summary
Medical experts can be wrong and questioning their opinions is necessary to make corrections as in the case of harmful drugs. However, people must still be cautious with the sources they trust for their health decisions.
EpisodeE78: VC fund metrics that matter, private market update, recession, student loans, Bill Hwang arrest
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
No coherent information was presented, only random fragmented sentences and quotes from a conversation.
1:50:09 - 1:51:31 (01:21)
Summary
No coherent information was presented, only random fragmented sentences and quotes from a conversation.