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Kind: captions Language: en whenever I hear stuff like this like when people are like you know oh you know money doesn’t make you that happy or like you know after this amount doesn’t really do anything for you it’s like yeah you’re probably right but I’m just G to check yeah I would like to find out I’d like to find out I’m I’m gonna go ahead and test for myself [Music] yeah all right we’re live um can I start the podcast doing something that you’re going to dislike can I complain I want to complain oh everybody wants that I’m having a really shitty week and I’m having a horrible day so basically like uh personal life there’s some stuff like we thought the pregnancy was going to be one day or the due date was going to be one day now it might be another day I don’t have the supplies I need so I got to go and buy the crap this weekend that I think I need I’m really stressed about that at Hampton we uh are dealing with like we’re having to make like uh policies that I’ve not used to having to make like maternity leave and things like that so those conversations are exhausting to me and then um I got sick this week and I took this medicine that made me bloated I don’t know if you could tell by my face but I’ve gained 15 pounds in the last three days I feel like you need to poke me with like a needle and I need to like let out air I feel miserable my all my fitness gains that I’ve made in 3 years it feels completely erased rank those from worst to least worst the bloat is the number one worst right it has to be but listen I have a worst thing listen to this you’ll find this hilarious I did David Pell’s podcast he asked me to look at his edits I log in let me read to you the first edit that he made to his editor that I read it he said this is a note from David he goes hey can you remove the I love Nazis part it’s a little distracting clean it up basically on the podcast he was like what do you like to read lately I was like oh you know I’ve been loving like history I’ve been loving War War uh in particular I love Nazis like I like reading about that and I just log in and I’m like remove the I love Nazis part and so anyway I’ve had a hell of a day dude I feel bad and it’s like 11: a.m. am I being am I soft right now or is or should we just pull the plug on on everything millionaire has uh gas or whatever by the way really funny we uh we were at a dinner uh with these guys who like these other founder investor type guys and then somebody was like oh do you want this and Ben goes no I’m okay they’re like what you don’t like this he goes no I just I feel bloated and then the whole table turned and looked at him and were like are you a pregnant woman why are you saying you feel bloated and I was like I never heard a guy say I feel bloated I’m not saying it doesn’t happen but I am saying you should never say it it’s just it’s the what what was your list of like drinking from a straw holding yeah men don’t drink from straws don’t hold saying bloated is is now on that official list of of never do it it makes you look super soft men do not drink from straws men should never hold mugs or cups with two hands that’s a rule you don’t do that another rule that I’m thinking about making is if you get a drink and there’s a lid on it you always take the lid off and and for sure for sure men do not say bloated uh yeah we could add that to the list added to the list all right good good we got that settled um okay so besides your your petty complaints um where do you want to start what do you got so you have Facebook are you talking about the uh Lex Mark interview Mark yeah so I see this thing so so Lex Freeman does this interview with Mark Zuckerberg and here’s the setup about it like I don’t know when Facebook rebranded to meta but I think it was like two years ago uh or a year and a half ago and um Chang the name meta people are like okay why and he’s like because the metaverse and the metaverse might be get on that bloated list as like words you should just never say it’s like if I was like hey guys I’m logging into the information Super Highway real quick it’s like you know how they used to call the internet that like back in the 9s that’s what they called the internet so so you know the metaverse was always this dorky thing and you know the problem with it was like people were like oh okay it must be it’s is it awesome is there something awesome I don’t know about and then they’re like so what what is it Mark and he’s likewell it’s um digital identities and avatars and and they’re like oh we’re laring now we’re not what are we talking about here and so then the demo so Ari can you pull this up pull up the initial demo where he was like the future of work check it out Facebook Horizons whatever and he pulls up this that’s me this goofy Avatar of Sam par if you’re on YouTube right now so it’s this absolute cartoon like The Sims version of Mark Zuckerberg standing in front of a tiny Eiffel Tower which makes no sense and they were like yeah like you don’t need to do business meetings on Zoom anymore you could do this and everyone’s like I’ll never do that and so you know it’s Facebook meta stock price tanks people are like he’s wasting all this money on the metaverse he’s uh you know this guy’s clueless and stock tanks but I I was believed as you know we are we are pro Zuck on this podcast hard to bet he’s hard to bet against so bet against I start buying the stock I’m like I’m like that guy who liked the GameStop you know stock and he’s I like the stock I like the stock by the way did you see the movie that came out or the show that came out about that on Netflix I’m gonna watch it yeah I’m watching it for sure it’s it’s pretty good I would say I give it like a it’s a solid B+ it’s like a for guys it’s entertaining we’re gonna we’re going to make that the official rating of dab we’re going to call it dab DEC at best that’s our new rating it’s dab how is that it’s dab yes exactly so so anyways um we like the stock we buy it because we believe that this guy is not going to go all in and lose now fast forward about a year in one year here’s what the metaverse looks like now he goes on Lex Freedom’s podcast it looks like him and Lex are talking to each other but they’re actually whatever thousands of miles apart doing this podcast they’re wearing the new like Quest device or whatever and check this out so this is unbelievably realistic like it looks identical to their face um the freckles on their nose the lighting the the the mouth movements while they’re talking like it’s super super realistic which is funny cuz like both of these guys barely move their mouth actually so it actually looks a little stiff but it’s because Lex Freedman and Mark Zuckerberg areff the stiffest guys on the planet so you know the guys who like don’t show emotion so it wasn’t really that good of a demo in that sense but kind of amazing now it had like a black backdrop like there was no they don’t have the background stuff built yet but yeah so explain how that works so basically what I’m seeing is Lex and Mark are wearing what looks like an Oculus but slightly different but basically an Oculus and then are there cameras outside of the that’s it wow that’s it so they’re wearing this headset and what what happened is they both did this scanning process so right now it’s not like the sustainable thing but like that that purple image is the 3D codec scan basically so they went and got this like scan done which today like kind of the manual process to do this but in the future the device itself or your phone will be able to do this scan for you you’ll just it’s like a Xbox has a thing called connect I think it works the same way where it’s basically like you stand in front of it one time you look to the left you look to the right you look up you say these 10 sentences you move your hands around and it’s like cool I’ve now recreated you perfectly digitally from now on um and by the way this is going to be like the DMV also because what ends up happening is whatever you look look like when you got scanned that’s you online now and so like I could be sitting there hair disheveled having shower beard on my face but if my avatar is When I Look to my best that’s how everybody will see me in my meetings and on the podcast or whatever it’s like when you die and go to heaven what do you imagine someone to look like you know like which a which age are they for eternity that’s sort of like this you know what I mean I feel like it should be like whatever you remember them by that’s what you see and so you know that that that be that’d be my My Hope but they so right now they’re doing this 3D scan they create this Advanced model that’s the thing like why is this not release to everybody because they have to figure out how to do that scan just like on a phone uh so that anybody could do it but after that the thing was incredible and I just think the progress in one year from that cartoon that’s awesome Cartoon Avatar in front of the Eiffel Tower to this is unbelievable and now this when you see this you’re like oh okay I kind of get this metaverse thing like uh this is cool like they were hanging out in a room they could play ping pong together they could do an interview together without ever having to travel without ever having to leave their space that is pretty impressive dude what do you think about Mark Zuckerberg’s patience when everyone was like nerd like what are you doing dude this is the stupidest thing ever and like he knew how amazing this was going to be dude I just imagine like the Arthur fist he just like clenches his Arthur Fist and that’s his only like Outlet of emotion and he’s like continue nothing nothing he just has he he just like walks around with a notebook and like he’ll just like cross a name off a list every once in a while of like Revenge got him or you’ll just see someone like high school Crush that it’s the Winkle boss Twins and now the list is just super long like someone will like insult him in an interview like hold that thought and pull up his notebook and just you see him not and put Sean with two A’s or okay no no no Mark I like the stock I like the stock dude he’s totally pulled us off we always have said this but imagine this like a guy who’s been the top of the game since he was 20 years old married to the same woman the entire time has a happy family has Hobbies has never had a major scandal at least nothing involving his personality super ripped uh don’t forget super ripped fit seems pretty nice this guy’s awesome man by the way you just described LeBron James also exact exact description of LeBron James also they are the same they both were big shots at the age of 20 they’re both ripped to certain degrees or different degrees um they both have never had major is LeBron LeBron’s been with us his like high school girlfriend forever right they’re married Savannah yeah and and he has a bunch of kids uh and like family it seems like I saw LeBron at the wi Casino one time and I was like LeBron and then I go up to him and I try to DAP him up and like his security was they were there but like he was walking so it was like I wasn’t bothering I was it was clear I was being quick I got off the blackjack table to just do it and uh when I tell you that my hand was a tiny Pebble in this man’s giant hand I have never felt so honestly so supported I felt so like taken care of when I just put my hand in this guy’s giant mitt it was unbelievable to see a human hand just wrap my my whole hand up yeah women aren’t the only people who like to be hugged and like everybody needs a Big’s food and I found mine it’s LeBron James all right have you heard dude wait have you seen this thing Zozo fit z z fi T oh was this the like motion capture thing it’s it’s a it’s a suit this guy in J Japan came out with this thing I’ve been like paying attention to this for 10 years it has never lived up to its hype I’ve been about this forever but it’s a suit that they sent to you it’s a bodysuit you put it on and they claim that it like knows all the dimensions of your body and then you could buy clothing that like fits perfect to it it doesn’t work things that Sam’s been telling me about for seven years denim Brad Adcock and zozofit I love Zozo fit man I’ve wanted it to work because I’ve got huge thighs and a fat ass and so finding pants finding pants for me weirds but okay it’s just it is what it is just well explain this guy so this guy is a Japanese billionaire right like he’s like a he’s a Japanese billionaire he came up with like a media company that’s originally I think how I found him I think it was the media company and then his new thing was he’s going to start this clothing company and he’s going to mail everyone a Zozo suit for free per fit right the perfect fitting clothing turns out I think the clothing company like didn’t even do that well but people are like yeah can I just get this Zozo fit thing and just use it for everything also to like tell me if my muscles are getting bigger or if I’m losing weight like tell me about it all and so he just says all right fine it’s a 50 bucks like it’s going to be really cheap and you use your phone it’s like um when you see like the Lord of the Rings movies being made and they’re wearing these weird suits with these balls on them it’s basically that it’s a suit like that way and you like somebody should be making this for with just AI now so um you know like calorie counting apps have been around forever yeah and you used to have to manual you know you’d be like okay it’s lunch and you’d open My Fitness Pal or whatever and you’d be like I’ve been using my fitness pal every day for years and you would um you’d be like yeah I had a chicken salad they’re like how many ounces of chickens like I don’t know dude I didn’t weigh it uh 8 ounces they’re like cool like light dressing or medium it’s like I don’t know sounds like a personal question what are you asking me about like and so you you had to manually input all this well now there’s these apps like Snap calorie and stuff like that you just take a picture of the thing and it’s like good enough now where it can actually guess the calories um and and I I would say like it’s still not all the way there because it doesn’t know let’s say like how much oil was used in cooking this for example but that we’re getting to that point where you can just take a picture and it knows the calorie count well I think we’re also going to get to the point where if I’m on some Ecom site and I’m like am I a large or a medium I don’t really know I’m going to be able to click a button it’s going to turn turn on my camera and it’s just going to scan my body and be like you’re an extra large I hate to break it to you and like you know that’s what’s gonna happen here you’re 61 like 200 pounds you don’t wear mediums in the metaverse occup be any size I want Sam all right I might be a small to medium I may be a medium um but you get what I’m saying like I think that this is all going to become like oh your phone can just do that now you don’t need to wear this haptic bodysuit from zozofit like that’s where this is definitely going if I was like a really smart team that was like good with like computer vision and that sort of thing I would do something like this because it might not even work for the first year but like two years from now it should be able to work really well and then that is a thing you could sell to every Ecom site in the world because every Ecom site wants lower returns every every apparel every fashion brand wants lower Returns the way they can do that is by getting the perfect fit for people what’s uh do you want to talk about rewind or the CL clavio thing yeah one last thing on the Facebook thing I think but here’s my random prediction in 10 to 15 years Facebook is going to be Facebook the like meta is going to own the largest work platform so I think that they’re going to be the the zoom the whatever because this experience where it looks like you could feel like you’re in the same room as a person and you can pull up you know PowerPoints together you can do all that stuff without like video conferencing I think that’s uh whoever does that right is going to take over the the the work called space and I don’t see who could do it better than Facebook at this point because they have such a lead as far as the tech goes so I think we’ll look back we’ll tell our kids yeah Facebook back in the day used to be about sharing uh you know photos of your of yourself at parties from college and they’ll be like what the thing I use for work every day it’s like yeah that’s that’s the difference I think 10 years it’s going to be like that I have some cash sitting sitting around that I was going to use to pay taxes should I just uh hold that for you yeah should should should beg Zuckerberg uh uh keep an eye on my money for me exactly you’re holding his money uh all right so now rewind so did you see this uh thing that came out it was pretty controversial the there’s a guy or there’s two companies I came out with this at the same day which is uh we’ll just say rewind because that’s like the one I remember the name of um it’s this pendant you wear so it’s like a necklace um it’s like you know the Angelina Jolie necklace where that she like was wearing the blood of like a a small child in Africa or something yeah I don’t know what was going on but like it was it was worse it was Billy Bob th it was what what’s like the blood is the blood of Billy Bob Thorton just like motor oil just sweat so so there’s this pendant that you wear now that basically I don’t know if you saw this but it can while you’re wearing it’s just going to record everything everything you say everything that’s said to you it’s going to automatically transcribe that and then save it locally on your phone so that if you’re ever wondering like what did that person say or what did my wife asked for groceries or did that person incriminate themselves you can now have that all transcribed and stored for you on your phone and some people are like did that guy reveal where the bodies are or not we found out if Adan s killed that girl or not you know he he wore the rewind pendant he was an early adopter so there’s this so a bunch of people were dunking on him on Twitter I think he tweeted out like I don’t know 1,700 people bought the thing on day one which is not that much like it’s like you know maybe that’s uh what is it 1,700 it’s like 60 bucks uh a thing 100 Grand of Revenue on day one not that good they one of his thing not that good um and people the tweet that went viral was like oh so we’re just gonna we’re just going to be wearing a wire now like that’s what’s up just going to walk around we’re going to voluntarily just wear wire great tweet I got to say at the same time the answer is yeah yeah you know what you also carry around a GPS tracker with your location at all times that also has a microphone on it you know what you also do you have a a camera device on you when you’re in the bathroom taking a [ ] or taking a shower like we already have given up privacy everywhere and uh the the the the line I used in my newsletter I was like um you know privacy is like vegetables and we give it up we we’ll happily give it up for just the promise of a moment of pleasure or convenience well that because because that’s the junk food and like we just go for the junk food that’s the reality of the situation is very few people will opt for vegetables when they have the option for junk food and if this is Tech that can either save you time give you entertainment uh you know like allow you to to be lazier in some way people are going to do that I remember my family like I had some family members that were like oh this vaccine is just for Bill Gates to track US and I’m like hey Uncle Ron listen he already tracks you like he already knows I track you with find my I find my friends I know where you went all day today you shared your you shared your location with me like he yeah like remember that 23 me thing where we send in our blood like it’s already being tracked okay like you’re already Bill Mr Gates already has everything he needs so he doesn’t need to do this um Hey Ron you deleted your cookies anytime recently yeah forgot to delete my cookies yeah so like Bill Gates he has what he needs uh I will not be wearing this thing rewind I don’t wear any wearables because I don’t want to be I want to be tracked less and this [ ] just stresses me out that’s surprising to me because I feel like you’ve done all of the like blood testing age testing inject inject random chemicals that some dude on Reddit said uh you know helped him feel stronger inject that in your butt like on on one hand you’re willing I’m drug free at the moment well at the moment is the key phrase there so by the way it feels way less good by the way hate it yeah it sucks why are you resistant to some of these trackers but then on other in other cases you’re very into measurement and whatnot uh one I am kind of like going to the like more pure where it’s like less is more I don’t want I don’t want drugs I don’t want my cell phone I like when I go out most of the times I don’t bring a phone um so I don’t like having my phone on me yeah like when I go out I won’t bring a phone I have a Tesla so I could use the directions on my uh on my car and so like if I go like I went have to eat last night I don’t bring a phone what is that weird yeah that’s very weird I I don’t I I won’t bring it so I I just don’t bring what happens if you need to text someone or what happens if somebody calls you what happens if uh you get bored for three seconds and you need entertainment what do you do yeah I I don’t I I I just don’t bring a phone most places I don’t bring a phone so like if I’m going out on the day for the day on Saturday I won’t have up my phone with me um okay Mr I’m better than everybody so you’re saying about mental illness what were you saying no I uh yeah so I I just I’ve gone from like so I used to have a whoop I had an Apple Watch I the only trackable thing I use is eight sleep and I only use that because it makes my bed cold but I don’t even like track any of that so I don’t track anything I do do the blood work stuff because that’s just a fun hobby but uh uh I don’t yeah my hobby is like pain I like getting poent needles um but yeah I don’t do any of that stuff do you track yourself like do you I I I like whoop I just don’t want to track any of that [ ] I don’t care I’m not I’m not a huge tracker I actually just bought this Ur ring because I uh I wanted to test my before getting the the surgery for my devv septum and after I wanted to see if my sleep improved or not but normally I’m not a big tracker but yeah I do take my phone please uh yeah no I don’t track any of that stuff so I’m not going to be buying this thing are you um I’m not going to buy this thing but I do if again it’s sort of inevitable like I think if you just track forward in the future we’re gonna have de we’re going to wear a device on us that’s a camera and a uh and a microphone and we’re just gonna like which actually brings me to the second Facebook announcement did you see the glasses that they that they had the the new Rayband things so I had V1 of this and I’ve had the spectacles I’ve had this none of them have quite stuck yet but it is kind of amazing it is kind of amazing the demo is really cool he’s like watch this like I can basically live stream you know just handsfree like if I’m at something cool or whatever I want to share this on my Instagram or share this with my friends I can just uh push this button on my glasses and it’s a camera that’s going to capture this or if I’m at the park like this is a big one for me I’m at the park with my kids there’s so many of these Great Moments and just literally it sounds stupid it sounds like Petty but like the time it takes to like get your phone out of your pocket unlock your phone get to the camera app and do it the moment is gone and so um I had these things that the these rayb bands that Facebook made that like you know while I’m working out or while I’m with my kids at the park or whatever I can just quickly just like record anything on the flly and it just grabs the next 15 seconds it saves it to my phone personally and then if I wanted to share that I could um and the video turns out really cool it’s like first person view so I definitely am excited about this I think this is another like one of these breakthroughs I’m waiting for I’m actually less interested in the like glasses that like show your email to your eyeballs I don’t really care so much about that but a camera that’s an always on camera um I think is really cool to be able to share Cool moments of course there’s like the privacy concerns or whatever but I think it’s going to happen and uh is it weird that I I trust I kind of trust Facebook privacy wise is that do you well you know what it is it’s kind of like that family member that like actually has like you know they’ve done some [ ] but they’re like I’ve known them for 32 years now like you know like I guess I just kind of default to them you know like at the end of the day if I’m leaving my keys with somebody it’s the one I’ve known for 30 years versus you know even though they they’ve gotten into some some sticky spots but like I feel like it’s a known Evil versus an unknown evil in that sense yeah I kind of trust him for some reason I I definitely trust them um by the way people in the comments going to hate this because there’s still a huge population of people that are like hate Zuck hate Facebook and hate that we we love we we say we trust Facebook that’s like Blasphemous to a lot of people anyways let’s move on I don’t care all right listen so uh here let me tell let me bring up this topic and I want to hear about your experience with this so two companies went public in the last couple weeks you probably big fans of both of them I think you’re more fans of one of them what’s it called clavio clavio clavio yeah I how you say it I call it clavio I think it’s clavio so clavio it’s sort of like uh it does everything it’s email software but mostly for Shopify folks right e-commerce yeah so if you want to send emails you know oh you know your order is confirmed or or things like after somebody comes to my site and I grab their email address email them every day until they purchase for the rest of their life you know that sort of thing so they went public let me see what their market cap is today they went public right now their market cap is eight or n billion the founder when it went public he owned roughly 40% of the company still wow which is amazing um another company went public this guy um started what’s the guy’s name started instacart you know I bet you’ve had run with Indian guy Aura I think he uh seems like a great guy went public he only owned 10% about about of the business um and what’s crazy is I tell people that I tell people that your cap table I think is the one thing in your company that is irreversible for mistakes besides that most every mistake that you make most mistakes at all most mistakes you can reverse or you can fix cap table the one thing you can’t fix and what’s crazy is when I was starting um a few of my companies I remember like wanting to raise money and I’m like oh what’s 10% here what’s 10% there I’ll just make my employee pool you know what most people only make it 10% we’re going to make it 18% we’re going to go big if we if I if the company succeeds everyone should succeed like I would do these like I was really Loosey Goosey with equity and that’s one of those things now where I look at people it’s like when people tell me like oh you got to sign this NDA before I tell you my idea it’s like oh that’s silly I’m not that that just shows me proof you don’t know what you’re doing right but with with Equity it’s actually one of the very few things that’s really really important and so the difference between these two um these two cap tables the difference between 10% and 40% we’re talking like5 billion um which is just a huge I don’t know if it like how much of that is it’s a mistake versus one is a capital intensive startup and one is software that’s not as capital intensive well both I think both so instacart is I guess that would be Capital intensive maybe I actually don’t know where that would be maybe maybe Middle Ground of capital intensive whereas clavio you actually could argue it’s also middle because you have to hire lots of Engineers but maybe not um but my point being is I actually think that people are too willy-nilly with their Equity early on right and I made that mistake at my first company uh and it’s a horrible horrible mistake one that you cannot recover from and there’s so many examples I know a guy who sold this company for three billion or sorry for $1 billion he sold it for $99 $980 million he made3 million bucks from it um I swear to God it was because he’s like we had four co-founders we got we raised a lot of money I gave so much Equity to employees it was insane he’s like I lost my share certificates I just don’t know where to put them like what’s happening how’s that possible um have you heard the story of how uh instacart got into YC no oh is that where they went and bought literally every grocery ever at Trader Joe’s no I think that might be a different story that’s also probably a good one but basically the story is like they uh I think they were exp like they were trying to apply late and um and basically they were like you know we they they were trying to get introduction all the YC Partners were like no sorry it’s too late to to get this batch you get to the next one um Gary tan who’s now the current president of YC was like you know you could submit a late application but it’ll be nearly impossible to get you in and they’re like so you’re saying there’s a chance like they they read nearly impossible as possible yeah right because technically it’s true and um then they put together the application they get the reply the next day no and so they get rejected he’s like okay um he’s like how about this and so he goes he opens up his the instacart app and he buys a six a sixpack of beer and he put sends it to the uh YC headquarters for Gary tan and um he tells the driver hey this is important one like text me when you know it’s done then Gary uh Gary tan like calls him he’s like hey uh what is this and he goes this is the thing I was applying with this is instacart I just went on my phone and I ordered you groceries I ordered you a sixpack of beer and one of our delivery guys dropped it off and it’s the same thing that Jesse hitor was saying the other day where he was like the difference between a pitch and a Pres presentation like the difference between the paper pitch versus getting someone to feel the experience um it’s that same thing and so Gary then emails the partners and he’s like at that point I think that they called him back and they’re like hey I can’t believe we’re doing this we’re we’ve never let anyone in this late but if you’re interested we’d like to have you and for YC that means YC owns 7% of this own 7% of this company that ended up being worth you know $6 billion dollar that one that one decision which is also goes to show the power of brand right like YY was not trying they weren’t it’s not like they hunted down instacart and had the genius whatever it’s that the founders wanted that YC stamp that brand so badly that they were willing to like jump through hoops push through a no to get to a yes and YY gets to make hundreds of millions dollars off of it that’s the power of having a brand that people recognize and care about and feel like is going to help their odds of success yeah man those guys have killed it and then Paul Graham just effed off and lives in England now in the woods writing poetry and playing frisbee with this kids yeah he he booked the win which nobody does he’s like cool I’m out of the race now I’m going to go enjoy my life not allowed our software is the worst have you heard of HubSpot see most crms are a cobble together mess but HubSpot is easy to adopt and actually looks gorgeous I think I love our new CRM our software is the best HubSpot grow better uh which one you want to do yeah okay so I don’t even know really why this fascinates me but it does so this is a little primer for this uh do you know what the Indian Hollywood is called Bollywood Bollywood correct you know that’s the $100 question okay here’s the $200 question do you know that in do you know that Bollywood is the second biggest like kind of movie industry in the world yes okay good there you go that’s a freebie now what you don’t know what you probably don’t know is that the that Bollywood is famous people the famous people in Bollywood are like the are the most famous people on Earth aren’t they it’s like George Clooney times 10 yeah exactly so like shukan Ora Bashan these guys are like Gods meaning if they get the flu or they get sick there’s thousands of people standing outside their building with candles like being like take my health uh like you know you can’t die and the reason why is that the stars in India it’s not like so it’s not like George Clooney so George Clooney will come onto the scene in his 20s but he hasn’t really made it yeah there 30s he becomes a star and by his 40s he’s kind of on the way out he plays a couple roles of old guys and he’s done these guys in India it’s like you get picked when you’re 20 they’re like you’re the star and the movie is going to make you look like James Bond like you’re you’re only cool everybody loves you and you’re the best and that’s the role and then people watch that movie like this guy’s the best then that same guy will be the hero in movies for the next 30 to 40 years got it like he’ll be 50 and he’ll be like he’s the Big Man on Campus at college and it’s like what this guy’s 50 and he’s playing that role type of thing and and like you know but the girl in the movie will be in her 20s and he’ll be in his 40s or 50s but he’s like the the hero the stud and so don’t don’t don’t the movies even have intermissions aren’t they like three hour long movies yeah yeah there’s a halftime where you go and like eat um it’s pretty great honestly that’s a that’s a that’s something that every movie should do um the other thing about movies in India all music in India comes from the movies so every movie is a musical that’s weird and then every M every song comes from a movie so so like there’s no like hit song that’s not in the movies it’s like all one pie right so it’s like the center of culture okay so why does that matter why am I telling you all about this well because one thing has really changed and once I realized that I was like if that changed that’s going to cause a whole bunch of other changes and here’s the change so most of these Indian stars that I’m talking about when they’re in their 20s and their 30s they look like your boy their body was a little a little round it was it was a little soft it was a normal person’s body and all of a sudden these guys turned 50 and they’re now absolutely shredded every Jack City Jack City every single movie star now like this guy run SN so basically they’re all jacked and they all went from normal looking people normal humans to 55y olds with 12 packs and the so if you think about that you’re like okay whatever who cares these guys discovered like testosterone and HGH and like dieting and working out cool but there’s like a carryon effect again these guys are Gods they’re heroes in India so now I met up with this uh Sonia has a has a cousin who’s like in India this guy’s 12 years old the last time he came to visit America all he cared about was like video games because he’s like oh I love playing video games video games are amazing as any 10-year-old cares about and the second thing he cared about was like going to Target he’s like oh Walmart can I go to Walmart can I go to Target because he had seen like you know Mr Beast giving away $10,000 out of out of Walmart he’s like oh my God I can’t wait to go that’s my dude R Sing looks like Wolverine yeah exactly and if you go look at this guy like five years ago or seven years ago when he’s like got his you know 10 years ago when he got his break in movies like did not look anything like this so anyways now the guy came to visit and I was like so like what’s your favorite video game now you want to go to Walmart buddy and he’s like no you have a gym and I was like yeah but like you’re a kid what do you mean and he’s like he started going to the gym twice a day at my house and all he wanted to talk about was the gym and I was like huh I was like oh of course like all the movie stars got shredded that became the new male ideal standard and so of course now everybody there is on like a fitness kick which made me think who’s making protein powder in India and so I went deep on this and I started looking up I I was like if if Fitness is now thing if getting shredded is now the thing the whole supplements and fitness industry that we have here is going to translate over there it’s going to be rebuilt overnight and it’s going to be 10 times bigger right India doesn’t seem like a supplement they don’t seem like they don’t seem like a supplement culture as of now until these guys if you go look at these guys’ Instagram profile and they’re like this is the my favorite peanut butter I could eat that other peanut butter and get fat but if I eat this peanut butter I get fit sure enough that they selling like hot cakes I ordered some from India it just arrived in like a giant styrofoam container um and I was like and so now you see that whole industry blowing up and I I would love to I’m a little bit far away from it right like I’m not like in the scene so it’s hard for me to participate but I’m looking I’m on the hunt for finding the right investment that is in the Indian Fitness scene because it is a necessary consequence of the movie stars getting shredded anyways that’s my Indian food is if you had to make a ranking of cuisine of one to diabetes of like Cuisine that’s set up to make you look amazing naked uh Indian food would not be at the top of that list you know like maybe Mexican food like avocados meat rice all right great you’ve heard about the Mediterranean diet you’ve never heard about the Bollywood diet where’s like the fried cheese and coconut milk diet you know what I mean like it’s not exactly set up to like you know like what is it naan and ghee is that is that butter Rice C bread butter and fried cheese like it’s not it’s not entirely set up to make you look good in the nude so that’s good the Indians uh maybe now they’re going to understand macros and they’re going to stay in the the need for protein exactly and I went and I looked up the Indian Fitness influencers on Instagram because I was like oh there’s going to be Fitness influencers who are they these guys have like 12 million 20 million followers whereas like the same person in the US market will have like 800,000 to a million or two million just because there so many more people and people in India are like absolutely addicted to the Facebook ecosystem of apps like WhatsApp is everything the second best thing to Whatsapp Instagram you know like what’s behind that Facebook and like that’s just like that’s the internet there you know and you know that you’ve had some success India has had some success in Olympics recently the 4x4 the 4 the 4x400 meter dash with uh India got like second or third at the world championships the most recent gold you joking or is that real it’s real CA because we used to have like a like a Archer or something like that a shooter that was like the only guy who was even close to um um the guy who won the Olympics and the world championships and the javelin Indian guy wow uh and he looks great he looks he looks like a he looks like a like you want to look like him been eating eating some of that protein peanut butter no the uh Indians are doing good in track and field lately um and so and by like lately I mean like last year and it’s like the only time an Indian has ever done half decent in track if you look at soccer there’s like no Indian players you look at basketball there’s no Indian players there’s like none zero it’s crazy I’ve never seen like a 6’8 Indian no they exist trust me billion people you’re gonna the bell curve like when you have a billion people under the area of the bell curve you’re going to get you’re going to get people that are that are tall there’s one guy actually he’s on the Kings uh like development team Sim bullar he’s 7 72 or something like that I’ve seen Giants in from every country I don’t remember seeing a a a 6’8 Indian guy with a 35 in vert I’ve never seen that that I’ve never seen yes you’re correct um speaking of Indian things uh our boy uh Anan from CB insights by the way he came on here and we were just talking about cap table he’s only raised I think eight or10 million there’s a rumor I told him I’m G to talk I go I’m G to talk about this on the Pod but don’t tell me anything I’m just reading this article that I read there’s a rumor that they’re about to sell for $800 million um so our guest a non pretty cool if they we on the pot I remember we were like this thing’s got to be worth 300 400 million and he was like you know non-committal about it but I think he probably knew it was worth more than that in the article it said they’re doing 80 million in Revenue so 10x Revenue 10x Revenue that would be pretty amazing I mean I would I if I had a bet I bet he owns half the company so he would make many hundreds of millions of dollars uh that would be huge and as a reminder if people didn’t see that episode you should go cuz he’s an idea machine so the episode we did with Anand is awesome because he has like 50 startup ideas that we went through and reacted to as well as he tells the story of his father passed away and his father owned a chemical plant in India and he’s running CB insights a tech startup in in America that’s doing well and then he just was like I have to deal with this like my father passed away there’s a plant there’s like a hundred people working there and so he goes to India and he learns how to run this plant while running CV insights to employees I think he stabilizes it gives and then like created like some Equity plan or whatever and then and then bounced but really kind of Amazing Story do you think that life do you think that life for a non let’s say he sells let’s say that he I he lives in New Jersey so let’s just say that he pays half in taxes let’s say that he owns half the company so he makes $400 million let’s say that he walks away with 300 million do you think that there’s a difference in life from 300 million and 50 million not really yeah I don’t think so either really you know I I would imagine after 50 you can buy the jet instead of rent the jet you know like what’s the difference what is he gonna do yeah I don’t think it matters no I what I will say is like it’s all relative to the person so like you know Mike Tyson found a way to spend 100 million dollars right like you know people can find a way to spend but then also Elon took you know a couple hundred million bucks and used it to fund his own crazy moonshot bets that nobody else would do right so like for Elon the difference between 50 and $ 250 or whatever million dollars was the difference of Tesla and SpaceX existing versus maybe they wouldn’t have um or surviving maybe they wouldn’t have because he was able to put the money in so I guess to the right person yes but for 99.9% of people no yeah I don’t think it makes any difference I chamath had a good episode on uh on uh Allin and he goes after 50 million it made zero difference like I had that I could acquire everything I wanted to at 50 and anything else he was like it was like stakes in basketball teams but that means zero difference that’s just like in a business expense when um whenever I hear stuff like this like when people are like you know oh you know money doesn’t make you that happy or like you know after this amount doesn’t really do anything for you it’s like yeah you’re probably right but I’m just going to check yeah I would like to find out I’d like to find out I’m I’m gonna go ahead and test for myself I think that all the time as well uh all we did this episode where someone like asking me like what was it like uh after making a little bit and I was like it feels this way and this way but you should go and figure it out on your own you should you should you should double check my math nval had a great thing because like nval is like the like um you know the wise uh guy in the in the in the the tech and business ecosystem and you would think that somebody who’s so wise and is like you know sort of enlightened is going to just be like you know what like uh it’s not what matters and he does say it’s not the main thing that matters he’s like you know the real goal is is um you know a strong mind a strong body and a house full of love but he’s like you know nobody wants to hear that and he goes the easiest way to escape the rat race is just to win and then let it then you can let it go if that’s far easier than trying to convince you not to play and I was like that is practical wisdom he’s like it won’t make you significantly happier but you’re not going to believe me until you do it yourself so go ahead and get after it yeah exactly yeah I love that practical wisdom um you want to do any more of these we we can do one more uh do you want to do you want to do this Metropolis thing or IMG well let’s do Metropolis so I don’t know much I don’t know too much about this but I think that it’s pretty wild what did you see so we both got interested I did a little bit of research but basically there’s a startup that the the the the founder he originally had a company called I think Park me and it was just like an app that told you where parking spot spots were and he ended up selling it but it wasn’t n like a home run of a success I think like they got their money back plus a little bit something like that then he goes on and he’s like I did this all wrong I have to think about this as an investor and we have to like acquire parking lots and we’re going to create technology that makes it easy so you don’t need to like uh you don’t need to scan in when you go and pay at a parking lot we’re just going to be able to track your car automatically he’s been doing this for a couple years and he just bought a parking lot like a a company that owns a bunch of parking lots for $1.1 billion dollar and I saw that and I was like all right what the hell is going on here yeah the same thing caught my eye the guy made like a there’s like a billion dollar acquisition or something like that what I thought was the story is that so there’s this one blueprint of business that’s a very good blueprint this is the blueprint that constellation software uses which is vertical SAS what is vertical SAS vertical SAS is how um oh there’s a you know every Golf Club in the country needs some golf club booking management system system so people can book their T tea times and then they can rent their clubs and then they can you know have a membership and whatever and there’s some person out there that made some software sold it to some golf clubs and what a company like constellation will do is they’re like perfect because that software is not going to be like you know Microsoft is not going to go compete in that market Facebook and Google are not going to go compete in that market honestly nobody really is going to compete in this market and if there are if there is someone it’s it’s kind of so fragmented that as they start to get momentum they get to one23 million of annual revenue we’ll just buy them and then we’ll own all of the golf club software systems uh or sorry golf uh like golf uh what what do you call them like the members club or whatever whatever it’s called um but basically vertical sass software and so same thing for dentists and same thing for um whatever rent you know industrial rentals or whatever so vertical SAS has been a very very lucrative play especially if you roll them up so have you been to Constellation website by the way uh not they like give you like they give you like five categories of like businesses they own you click on like all right this this one of five and then they give you like a list of 10 you click on one of the 10 but it’s they own so many businesses that they’re basically linking to other companies that own other companies meaning like we own this holding company which owns holding companies in these five categories and you have to click through four different websites to actually see the name of a company so they must own hundreds or even thousands of small software businesses it has acquired over 500 businesses since being founded um they I think they make offers to like hundreds of soft hundreds of companies every year if not a thousand companies a year or something like that to to give an example so Jonas Jonas is one of these five they have six groups so six groups Jonas is one of the groups and it says they do Hospitality clubs and Resorts spas and fitness construction payments Moving and Storage you click it it says so you go to Jonas Software and it says we’re a family of vertical Market software companies and then they own 140 just under the Jonas umbrella it’s crazy right in 40 different markets it’s crazy it’s it’s a it’s a really wild setup they have and uh if you haven’t ever gone and read uh Mark Leonard’s letters uh definitely like you know worth a worth that’s like getting an MBA go go through and read all of his annual letters you know uh for the last like 25 years or whatever very interesting guy very interesting company we’ve talked about consolation before but what’s interesting is I thought like it seemed like that was the blueprint you just buy vertical SAS companies and you roll them up what those parking guys doing is basically took the vertical SAS and then was like cool let’s just own all the lots too let’s make a vertical company that’s not just SAS it’s got SAS on the top but underneath it is the real estate and the the actual like um you know the brick and mortar underneath so that we can um like forget trying to sell our software to these guys and try to convince these old school parking operators that they should use our thing because it’s more efficient we’ll just buy it from them in the inefficient State and then use our software to make it more efficient and um so it seems like a pretty big bet if I understood it correctly but honestly I didn’t do a ton of research just what I understood from the Tweet they paid 1.7 billion for a company that owns parking lots yeah it’s a lot impressive that’s huge right yeah um all right uh do we want to wrap there yeah let’s wrap it up all right that’s a pot