00:00

Sam

Sam

00:01

Bagman Freed was nineteen years old, about nineteen years old, about when this post was posted in two thousand ten, And I just want to read. This is going to be a little bit long, but it's really interesting. I want to read, what this post says. So it says first off, and this is a review of someone using this drug.

Bagman Freed was nineteen years old, about nineteen years old, about when this post was posted in two thousand ten, And I just want to read. This is going to be a little bit long, but it's really interesting. I want to read, what this post says. So it says first off, and this is a review of someone using this drug.

00:17

First off, I'm a nineteen year old male about a hundred and seventy pounds who is experimenting with nootropics out of curiosity. A few months ago, I ordered a bottle with sixty doses of five milligrams of seleging

First off, I'm a nineteen year old male about a hundred and seventy pounds who is experimenting with nootropics out of curiosity. A few months ago, I ordered a bottle with sixty doses of five milligrams of seleging

00:27

selegedly

selegedly

00:28

from a research chemical site and it looked and I've been taking it pretty much every day. The day I started taking it, I noticed a market increase in motivation. For me, it was money. There was a huge desire for me to make as much money as possible.

from a research chemical site and it looked and I've been taking it pretty much every day. The day I started taking it, I noticed a market increase in motivation. For me, it was money. There was a huge desire for me to make as much money as possible.

00:46

Alright. What's going on? We have an awesome episode. So we're gonna start off by talking a ton about controversy. In fact, this entire episode, it feels like it's about controversy. So the first part is on FTX, and we talk about the drugs that they are on. And

Alright. What's going on? We have an awesome episode. So we're gonna start off by talking a ton about controversy. In fact, this entire episode, it feels like it's about controversy. So the first part is on FTX, and we talk about the drugs that they are on. And

00:59

kind of funny actually, how ridiculous it is. The second thing we talk about is the Liver King. You guys have to hear this story. It's about this Yoked guy who's like this fitness influencer who's built this hundred million dollar company. Turns been on steroids the whole time. But in my opinion, that's actually not the most interesting part. The most interesting part is like these emails that we got our hands on. About him talking about how he was gonna get huge on Instagram, and he totally called this shot. And then we talk about buying and selling high, high, really expensive real estate. We're talking, like, things that thirty, forty, fifty million dollars and how this one woman, Katie bought some real estate that kinda sent some signals to to Sean and how he thinks it's a little a little mysterious on how she actually afforded that. It's a really, really interesting story. So check it out. I think you're gonna like this episode.

kind of funny actually, how ridiculous it is. The second thing we talk about is the Liver King. You guys have to hear this story. It's about this Yoked guy who's like this fitness influencer who's built this hundred million dollar company. Turns been on steroids the whole time. But in my opinion, that's actually not the most interesting part. The most interesting part is like these emails that we got our hands on. About him talking about how he was gonna get huge on Instagram, and he totally called this shot. And then we talk about buying and selling high, high, really expensive real estate. We're talking, like, things that thirty, forty, fifty million dollars and how this one woman, Katie bought some real estate that kinda sent some signals to to Sean and how he thinks it's a little a little mysterious on how she actually afforded that. It's a really, really interesting story. So check it out. I think you're gonna like this episode.

01:43

Alright. We're live. I have two interesting things to bring up to you. And I think they're both pretty hilarious. Hit me.

Alright. We're live. I have two interesting things to bring up to you. And I think they're both pretty hilarious. Hit me.

01:51

The first one.

The first one.

01:52

We've talked about FTX.

We've talked about FTX.

01:54

We've talked about Sam Bacon fried, but something and and then the next two segments, I completely ripped off, a YouTube channel called More Plates more dates. I don't wanna take credit for any of this. Something that's interesting is that these guys

We've talked about Sam Bacon fried, but something and and then the next two segments, I completely ripped off, a YouTube channel called More Plates more dates. I don't wanna take credit for any of this. Something that's interesting is that these guys

02:07

were doing drugs, like, like,

were doing drugs, like, like,

02:10

sometimes they call them nootropics, but they're really just amphetamines or drugs,

sometimes they call them nootropics, but they're really just amphetamines or drugs,

02:14

and they were talking about it publicly. We're looking back. It's just hilarious how link this was, and they just were rubbing it in our face. And so I I wanna talk about that. Do you know anything about that with these folks?

and they were talking about it publicly. We're looking back. It's just hilarious how link this was, and they just were rubbing it in our face. And so I I wanna talk about that. Do you know anything about that with these folks?

02:26

So I know what you're talking about. I know that they were kinda like

So I know what you're talking about. I know that they were kinda like

02:30

open about it, promoting it, but not,

open about it, promoting it, but not,

02:33

but you, like, like you said, this wasn't seen as too much of a red flag. It was sort of almost like

but you, like, like you said, this wasn't seen as too much of a red flag. It was sort of almost like

02:38

Oh, man. This is that, like, ultra competitive nerd thing where they're, like, basically, you know, I guess do an adderall and making all this money. So, you know, so when you're making money, it's, like, Not seeing as as much of a bad thing. When you scam people and lose everyone's money, then it's like these drugs are a problem. Alright. So this YouTube channel is called More Plates guy who breaks down, like, what drugs, different celebrities are for different roles, whatever. And he goes into in-depth analysis on it, and it's pretty nerdy, but it's quite awesome. And he did this thing talking about,

Oh, man. This is that, like, ultra competitive nerd thing where they're, like, basically, you know, I guess do an adderall and making all this money. So, you know, so when you're making money, it's, like, Not seeing as as much of a bad thing. When you scam people and lose everyone's money, then it's like these drugs are a problem. Alright. So this YouTube channel is called More Plates guy who breaks down, like, what drugs, different celebrities are for different roles, whatever. And he goes into in-depth analysis on it, and it's pretty nerdy, but it's quite awesome. And he did this thing talking about,

03:06

FTX and the drugs that,

FTX and the drugs that,

03:08

Sam Beckman Freed was on. And

Sam Beckman Freed was on. And

03:11

a few interesting segments. The first thing So, basically, this whole FTX

a few interesting segments. The first thing So, basically, this whole FTX

03:15

sa saga, it boils down to, like, two interesting people. So Sam Bancman Freed, who's, like, the leader, and then, like, his right hand woman, what what's named Caroline Caroline Ellison, I believe.

sa saga, it boils down to, like, two interesting people. So Sam Bancman Freed, who's, like, the leader, and then, like, his right hand woman, what what's named Caroline Caroline Ellison, I believe.

03:25

So in April fifth two thousand twenty one, here's listen to this tweet that she she put out. Nothing like regular methamphetamine use to make you appreciate how dumb a lot of normal non medicated human experiences.

So in April fifth two thousand twenty one, here's listen to this tweet that she she put out. Nothing like regular methamphetamine use to make you appreciate how dumb a lot of normal non medicated human experiences.

03:39

At the time, she's running Alameda Research, which has billions of dollars under management, and she's making huge decisions.

At the time, she's running Alameda Research, which has billions of dollars under management, and she's making huge decisions.

03:47

And she tweets out the dumbest thing this morning I was lying on the couch reading a book then I decided to go for a hike but it took me like half an hour from the point to muster the energy and motivation to actually get from the couch. I guess this means this is when she wasn't a drug. And the hike, it was good. My body had no problem making the countless exertion of effort involved in ascending and climbing this, whatever. But the second dumbest thing that I realized is that apparently there's about a twenty percent of my brain that's dedicated to food. So when you're on amphetamines, you don't worry about food. And the she's just tweeting this in the in the open. You know, this is like

And she tweets out the dumbest thing this morning I was lying on the couch reading a book then I decided to go for a hike but it took me like half an hour from the point to muster the energy and motivation to actually get from the couch. I guess this means this is when she wasn't a drug. And the hike, it was good. My body had no problem making the countless exertion of effort involved in ascending and climbing this, whatever. But the second dumbest thing that I realized is that apparently there's about a twenty percent of my brain that's dedicated to food. So when you're on amphetamines, you don't worry about food. And the she's just tweeting this in the in the open. You know, this is like

04:17

this is she's just telling us all to go fuck ourselves, you know, all the all the the like, it's just It's that's hilarious that that, like, looking back that that was actually a thing that she just openly talking about this. And it's And it's wild. And I actually said that openly, she had a tumbler where she says she wants to date a guy who's,

this is she's just telling us all to go fuck ourselves, you know, all the all the the like, it's just It's that's hilarious that that, like, looking back that that was actually a thing that she just openly talking about this. And it's And it's wild. And I actually said that openly, she had a tumbler where she says she wants to date a guy who's,

04:36

like, wants to conquer the world and wants to dominate global governments. Like control governments. Control governments that I thought that she's like, that's my team. That's what I'm into.

like, wants to conquer the world and wants to dominate global governments. Like control governments. Control governments that I thought that she's like, that's my team. That's what I'm into.

04:46

It's so funny. And so, another interesting thing is there's this picture of SPF of of Sam, and he's sitting at his computer, and you see, like, a patch on his arm and you see a wrapper, like a, like a, like, it looks like a food wrapper on his desk, and people start analyzing it, and they realize that this picture shirt, basically. And this is actually autism capital. My favorite,

It's so funny. And so, another interesting thing is there's this picture of SPF of of Sam, and he's sitting at his computer, and you see, like, a patch on his arm and you see a wrapper, like a, like a, like, it looks like a food wrapper on his desk, and people start analyzing it, and they realize that this picture shirt, basically. And this is actually autism capital. My favorite,

05:09

my favorite source of news.

my favorite source of news.

05:11

They actually tweeted this out and they go if you look closely, it's actually a stimulant patch that, Sam, that Sam was wearing, and it's called,

They actually tweeted this out and they go if you look closely, it's actually a stimulant patch that, Sam, that Sam was wearing, and it's called,

05:20

EMSAM,

EMSAM,

05:21

which is basically a drug normally used to treat depression or Parkinson's, but for off label use, people use it for alertness and focus benefits.

which is basically a drug normally used to treat depression or Parkinson's, but for off label use, people use it for alertness and focus benefits.

05:29

And so they go down and and they talk about it. So EMSSA

And so they go down and and they talk about it. So EMSSA

05:33

e m s a m. That's the brand name drug, but it's really,

e m s a m. That's the brand name drug, but it's really,

05:37

what is it? How do you pronounce that? Cela Jolene? I don't know. Cela Jolene, I believe. It's what it's called. And it has fatal effects if it's eaten with meat products, which is interesting because SBF was a vegan.

what is it? How do you pronounce that? Cela Jolene? I don't know. Cela Jolene, I believe. It's what it's called. And it has fatal effects if it's eaten with meat products, which is interesting because SBF was a vegan.

05:49

So that kinda checks out and the downsides of it are that it is linked to impulse control disorders such as pathological gambling and hypersexuality, which

So that kinda checks out and the downsides of it are that it is linked to impulse control disorders such as pathological gambling and hypersexuality, which

06:00

could lead to some of the weird things that that Sam was doing. And here's what's even more interesting.

could lead to some of the weird things that that Sam was doing. And here's what's even more interesting.

06:06

In March of two thousand nineteen, There was this,

In March of two thousand nineteen, There was this,

06:10

like website that was built for users of this drug. And in twenty nineteen, this person left a post. And it said,

like website that was built for users of this drug. And in twenty nineteen, this person left a post. And it said,

06:19

where basically he was reviewing his thing. And at the time, if you do the math,

where basically he was reviewing his thing. And at the time, if you do the math,

06:23

Sam Bakeman Freed was nineteen years old, about nineteen years old, about when this post was posted in twenty ten. And I just want to read. This is gonna be a little bit long, but it's really interesting. I want to read, what this post says. So it says first off, and this is a review. Of someone using this drug.

Sam Bakeman Freed was nineteen years old, about nineteen years old, about when this post was posted in twenty ten. And I just want to read. This is gonna be a little bit long, but it's really interesting. I want to read, what this post says. So it says first off, and this is a review. Of someone using this drug.

06:40

First off, I'm a nineteen year old male about a hundred seventy pounds who is experimenting with nootropics out of curiosity. Few months ago, I ordered a bottle with sixty doses of five milligrams of seleging

First off, I'm a nineteen year old male about a hundred seventy pounds who is experimenting with nootropics out of curiosity. Few months ago, I ordered a bottle with sixty doses of five milligrams of seleging

06:50

seleggine

seleggine

06:51

from a research chemical site, and it looked, and I've been taking it pretty much every day. The day I started taking it, I noticed a market increase in motivation.

from a research chemical site, and it looked, and I've been taking it pretty much every day. The day I started taking it, I noticed a market increase in motivation.

06:59

For me, it was money. There was a huge desire for me to make as much money as possible. I'd never been a material person at all, although I had money. I never thought about doing anything with it other than spending it. I guess some might say that

For me, it was money. There was a huge desire for me to make as much money as possible. I'd never been a material person at all, although I had money. I never thought about doing anything with it other than spending it. I guess some might say that

07:12

and then the arrow kinda screws me up on Twitter, but some might say that,

and then the arrow kinda screws me up on Twitter, but some might say that,

07:16

possessing a bunny is a bad thing, but the feeling was and is nothing short of complete empowerment.

possessing a bunny is a bad thing, but the feeling was and is nothing short of complete empowerment.

07:21

I love doing math problems in my head involving money.

I love doing math problems in my head involving money.

07:24

The thinking was so clear from having a bit under five hundred dollars in the bank to having over ten thousand dollars in two months that I since I had started taking the drug. Of course, I can't quite disclose how I made this money, but I have to say that I engaged in activities that I probably wouldn't have without selagelline.

The thinking was so clear from having a bit under five hundred dollars in the bank to having over ten thousand dollars in two months that I since I had started taking the drug. Of course, I can't quite disclose how I made this money, but I have to say that I engaged in activities that I probably wouldn't have without selagelline.

07:41

And then I'll I'll kinda like skim the rest of the stuff, but it says I was motivated to use better vocabulary while speaking to people. Used to be pretty goofy and not many people took me seriously, but now when I talk, people listen. There's a notable increase in strength in my voice and I would say I probably had low confidence before taking this And now the words that I say instead of saying may I form, it's, I will. It makes it makes people tend to look It makes me tend to look down on most people, but not in such a way that it would affect friendships, although a few friends mentioned to me that I changed because of my general mindset, there's probably sounds incredibly cocky, but it's true confidence. I'm so nice to people.

And then I'll I'll kinda like skim the rest of the stuff, but it says I was motivated to use better vocabulary while speaking to people. Used to be pretty goofy and not many people took me seriously, but now when I talk, people listen. There's a notable increase in strength in my voice and I would say I probably had low confidence before taking this And now the words that I say instead of saying may I form, it's, I will. It makes it makes people tend to look It makes me tend to look down on most people, but not in such a way that it would affect friendships, although a few friends mentioned to me that I changed because of my general mindset, there's probably sounds incredibly cocky, but it's true confidence. I'm so nice to people.

08:17

It's just that I it's just now they've seen just now that I look more confident. Another benefit is emotional numbing. Before taking this, I would jump on any chance to be with a decent looking girl and I'd become attached pretty quickly.

It's just that I it's just now they've seen just now that I look more confident. Another benefit is emotional numbing. Before taking this, I would jump on any chance to be with a decent looking girl and I'd become attached pretty quickly.

08:29

On it, I'm completely rational and my emotions, my emotions are never affected by my thinking. I'm not even looking for a girlfriend until one can rationally show me that she's really worthy.

On it, I'm completely rational and my emotions, my emotions are never affected by my thinking. I'm not even looking for a girlfriend until one can rationally show me that she's really worthy.

08:39

Girls love to play the game to say the least. I'm a calmer, I'm calmer with a without emotional outburst. When I get upset with people, I simply use my enhanced charisma to undermine them rather than losing control.

Girls love to play the game to say the least. I'm a calmer, I'm calmer with a without emotional outburst. When I get upset with people, I simply use my enhanced charisma to undermine them rather than losing control.

08:53

This

This

08:54

is awesome.

is awesome.

09:04

Actually, I thought you're gonna have it.

Actually, I thought you're gonna have it.

09:07

Are you trying to take this right now? No. My enhanced charisma

Are you trying to take this right now? No. My enhanced charisma

09:13

increased desire for money.

increased desire for money.

09:16

No. Wow. The patch with my first million in

No. Wow. The patch with my first million in

09:22

Dude, I, I was prescribed Britalin for my, like, when I was in fourth grade, and I took it for one year, and it was the fucking worst since then, I've never taken any of this crap. So I hate it. I hate these amphetamines.

Dude, I, I was prescribed Britalin for my, like, when I was in fourth grade, and I took it for one year, and it was the fucking worst since then, I've never taken any of this crap. So I hate it. I hate these amphetamines.

09:35

But this is a pretty good commercial. This is a pretty great commercial.

But this is a pretty good commercial. This is a pretty great commercial.

09:39

This is pretty awesome.

This is pretty awesome.

09:40

It's also, like, what if this is him? What if this actually is him? It it it's probably not him just by odds, but way more fun to assume that it is him. And, you know, as we say, f this guy, so so, yeah, it's him as far as I'm concerned. But but even if it's not him, this this person, if you go to the website, by the way, where this forum, it it's like a nerdy forum. Like, I it's definitely, like, there's no evidence, but it adds up to where, like, oh, I could I could I could see that this could be him.

It's also, like, what if this is him? What if this actually is him? It it it's probably not him just by odds, but way more fun to assume that it is him. And, you know, as we say, f this guy, so so, yeah, it's him as far as I'm concerned. But but even if it's not him, this this person, if you go to the website, by the way, where this forum, it it's like a nerdy forum. Like, I it's definitely, like, there's no evidence, but it adds up to where, like, oh, I could I could I could see that this could be him.

10:10

But even if it's not him, the way this person describes it makes a lot of sense for how this guy behaved.

But even if it's not him, the way this person describes it makes a lot of sense for how this guy behaved.

10:15

No excuses, but, like, this guy was created. I feel like these are gonna become excuses for his behavior. No. I'm I'm there's no no excuses. This guy is a

No excuses, but, like, this guy was created. I feel like these are gonna become excuses for his behavior. No. I'm I'm there's no no excuses. This guy is a

10:25

This guy is,

This guy is,

10:26

that he did all of this under his own control and volition. And, that's that's where I that's where I stand. Well, it's there's no excuse because they just bragged about it. You know, he tweeted he tweeted it another thing where he goes, the best thing I do is take stimulants in the morning and then sleeping pills when I have to go to bed. And then I'll just round this out. I didn't this was another funny thing. The,

that he did all of this under his own control and volition. And, that's that's where I that's where I stand. Well, it's there's no excuse because they just bragged about it. You know, he tweeted he tweeted it another thing where he goes, the best thing I do is take stimulants in the morning and then sleeping pills when I have to go to bed. And then I'll just round this out. I didn't this was another funny thing. The,

10:45

this just explains why this is not an excuse. The former co chief executive Alameda. He bought a boat shortly after stepping down in August, only months before the trading firm collapsed, and he named his boat that he bought. Soak my decks.

this just explains why this is not an excuse. The former co chief executive Alameda. He bought a boat shortly after stepping down in August, only months before the trading firm collapsed, and he named his boat that he bought. Soak my decks.

11:00

Yeah.

Yeah.

11:02

You can't write this, stuff. But did you know, like, the, you know, one of the, like, the, sort of, most damning things about how FTX collapsed. I feel like this kinda gets lost in the shuffle of there's a whole bunch of details and it's kind of overwhelming.

You can't write this, stuff. But did you know, like, the, you know, one of the, like, the, sort of, most damning things about how FTX collapsed. I feel like this kinda gets lost in the shuffle of there's a whole bunch of details and it's kind of overwhelming.

11:15

But one of the

But one of the

11:16

truly unbelievable

truly unbelievable

11:18

parts is

parts is

11:19

that they just lost track of eight billion dollars, and he called it poorly labeled fiat accounts

that they just lost track of eight billion dollars, and he called it poorly labeled fiat accounts

11:24

And what this actually was,

And what this actually was,

11:27

his explanation, as far as I understand, is

his explanation, as far as I understand, is

11:30

at the beginning, FTX when they launched the exchange, they're trying to move fast, kind of scrappy start up thing. They didn't have their own bank account, and he was running Alameda before that. So they're like, oh, cool. Just send the money to Alameda, and then we'll we will give you the credit in your FTS account.

at the beginning, FTX when they launched the exchange, they're trying to move fast, kind of scrappy start up thing. They didn't have their own bank account, and he was running Alameda before that. So they're like, oh, cool. Just send the money to Alameda, and then we'll we will give you the credit in your FTS account.

11:45

And they never trued it up. They never moved the money from the Alameda account to the FTS account. It just accrued in the f in the Alameda account, and then they just used it to trade. So the money literally never even made it to the bank account of the of of the of the company itself. And that's what he meant when it was, like, people are like, did you loan the user's money?

And they never trued it up. They never moved the money from the Alameda account to the FTS account. It just accrued in the f in the Alameda account, and then they just used it to trade. So the money literally never even made it to the bank account of the of of the of the company itself. And that's what he meant when it was, like, people are like, did you loan the user's money?

12:06

Did you did you do this against the terms of service? Did you Did you lend this out or give this away to your other company? It's like, no. Actually, I never even got it. It went straight to their bank account. I never even realized it.

Did you did you do this against the terms of service? Did you Did you lend this out or give this away to your other company? It's like, no. Actually, I never even got it. It went straight to their bank account. I never even realized it.

12:18

We forgot to, like, connect the link later. And so eight billion dollars of deposits just went straight to Alameda

We forgot to, like, connect the link later. And so eight billion dollars of deposits just went straight to Alameda

12:25

and never even touched FTX. And we were just like it was just being like There's lazy. On the account. Yeah.

and never even touched FTX. And we were just like it was just being like There's lazy. On the account. Yeah.

12:31

Lazy unorganized

Lazy unorganized

12:32

or fraudulent. Right? Like, you you take your pick, you know, pick pick three.

or fraudulent. Right? Like, you you take your pick, you know, pick pick three.

12:38

As far as I'm concerned.

As far as I'm concerned.

12:39

And so, that that I thought was crazy. So, you know, these stimulants aren't aren't so stimulating if you feel like forgot to to, like, you know, pick up the eight billion dollars that you, you know, your business is generating?

And so, that that I thought was crazy. So, you know, these stimulants aren't aren't so stimulating if you feel like forgot to to, like, you know, pick up the eight billion dollars that you, you know, your business is generating?

12:50

Like, if you get beyond

Like, if you get beyond

12:52

the fact that people are hurt here, which is a big deal, but get beyond that. It's hilarious. You're like, it's funny.

the fact that people are hurt here, which is a big deal, but get beyond that. It's hilarious. You're like, it's funny.

12:58

It's funny. Like, this is, like, that, like, Just what's funny is how ridiculous this is, and and I fell for it too. But,

It's funny. Like, this is, like, that, like, Just what's funny is how ridiculous this is, and and I fell for it too. But,

13:06

it it it's wild. This is a wild story. I wanna see, like, you ever seen the movie, miss congeniality,

it it it's wild. This is a wild story. I wanna see, like, you ever seen the movie, miss congeniality,

13:12

where Sandra Pollock goes from this, like, you know, butch cop to, like, a beauty pageant queen, and they, like, transform her. I wanna see the version of that for FTX, which is like Sam is just normal looking that guy. They're like, you know, grow out your hair. He's like, what do you mean? It's gonna completely disheveled. They're like, yes. The the dishevel equals genius. And they're like, hey, when you're walking, turn your knees in. He's like, that's a little uncomfortable. They're like, you need to walk like Okay? And they're like, hey, you

where Sandra Pollock goes from this, like, you know, butch cop to, like, a beauty pageant queen, and they, like, transform her. I wanna see the version of that for FTX, which is like Sam is just normal looking that guy. They're like, you know, grow out your hair. He's like, what do you mean? It's gonna completely disheveled. They're like, yes. The the dishevel equals genius. And they're like, hey, when you're walking, turn your knees in. He's like, that's a little uncomfortable. They're like, you need to walk like Okay? And they're like, hey, you

13:38

know, here's some you need to put this patch on. And they're like, hey, can you start saying things like, you know, this is a twelve Sigma event. He's like, what does that mean? They're like, don't worry about what it means. It sounds provocative. And so, you know, they're training him to be this, like, you know, by the way. Autistic hero you know, nerd that everybody's gonna believe in. He's the type of guy who probably wears a backpack wherever he goes, and he doesn't walk. He runs. He's that type of guy. Well, did you see the clip of him running through the Bahamas? Was he running?

know, here's some you need to put this patch on. And they're like, hey, can you start saying things like, you know, this is a twelve Sigma event. He's like, what does that mean? They're like, don't worry about what it means. It sounds provocative. And so, you know, they're training him to be this, like, you know, by the way. Autistic hero you know, nerd that everybody's gonna believe in. He's the type of guy who probably wears a backpack wherever he goes, and he doesn't walk. He runs. He's that type of guy. Well, did you see the clip of him running through the Bahamas? Was he running?

14:04

It's hilarious. Somebody thought said there's a clip posted on Twitter.

It's hilarious. Somebody thought said there's a clip posted on Twitter.

14:08

I'm I'm sure you're,

I'm I'm sure you're,

14:09

your boys that, autism capital have it on their feet. But basically, it's like SBF on the run. And it's literally him wearing a backpack running, and he's doing the run where, you know, like most people run like this. You put your hands behind your back? He just had straight arms. And so he was just swinging his straight arms and running. That's how they rhyme it. Like a penguin,

your boys that, autism capital have it on their feet. But basically, it's like SBF on the run. And it's literally him wearing a backpack running, and he's doing the run where, you know, like most people run like this. You put your hands behind your back? He just had straight arms. And so he was just swinging his straight arms and running. That's how they rhyme it. Like a penguin,

14:28

running as fast as he could just down the street. And they were like, where is he going?

running as fast as he could just down the street. And they were like, where is he going?

14:33

God, that's crazy, man. This whole story is crazy crazy crazy. He he came some more stuff leaked yesterday or, like, he did it did a random interview with somebody who's like, you know, a YouTuber with ten thousand subscribers. He, like, decided to give her the scoop. And he's like,

God, that's crazy, man. This whole story is crazy crazy crazy. He he came some more stuff leaked yesterday or, like, he did it did a random interview with somebody who's like, you know, a YouTuber with ten thousand subscribers. He, like, decided to give her the scoop. And he's like,

14:48

She's like, she goes,

She's like, she goes,

14:50

so what, you know, she addressed each of the concerns. She's like, so, you know, when you guys reopen withdrawals, but only for Bahamas

so what, you know, she addressed each of the concerns. She's like, so, you know, when you guys reopen withdrawals, but only for Bahamas

14:58

where people felt like maybe, you know, the employees, yourself included, and insiders could cash out and everybody else was stuck. And there was, like, twenty four hours where you guys, you know, people in the Bahamas could withdraw and nobody else. What was that about?

where people felt like maybe, you know, the employees, yourself included, and insiders could cash out and everybody else was stuck. And there was, like, twenty four hours where you guys, you know, people in the Bahamas could withdraw and nobody else. What was that about?

15:09

And,

And,

15:11

you know, they're previously, they had said, oh, the Bahamas government ordered us to do this. That's what that's the first lie he had told.

you know, they're previously, they had said, oh, the Bahamas government ordered us to do this. That's what that's the first lie he had told.

15:18

And then the Bahamas government came out and said, we didn't do that. What are you talking So that was kinda debunked. And so then on this call, he just goes, yeah. That was a decision, you know, we had to make because,

And then the Bahamas government came out and said, we didn't do that. What are you talking So that was kinda debunked. And so then on this call, he just goes, yeah. That was a decision, you know, we had to make because,

15:28

you know, It's funny. You don't wanna be in a country

you know, It's funny. You don't wanna be in a country

15:31

where everybody's angry at you. So

where everybody's angry at you. So

15:34

we

we

15:35

had to do that just you know, because FTX is based in the Hamas, we just didn't want to be in a country where everybody was mad at us. It's like, what? This is literally you're you're saying this out loud. Like, that was your reason for this that you didn't want to get, like, beat up, basically.

had to do that just you know, because FTX is based in the Hamas, we just didn't want to be in a country where everybody was mad at us. It's like, what? This is literally you're you're saying this out loud. Like, that was your reason for this that you didn't want to get, like, beat up, basically.

15:50

Like, you didn't how? You didn't wanna get your door kicked in by the government.

Like, you didn't how? You didn't wanna get your door kicked in by the government.

15:54

How can you have okay. So let's get beyond, like, the crime. Now this is the stage of a criminal's period where you're supposed to shut the fuck up. You don't talk. You say, I plead the fifth. Where's my lawyer? I don't talk. I go silent. He's going on tour. He's going on tour. He's at speaking at a New York Times

How can you have okay. So let's get beyond, like, the crime. Now this is the stage of a criminal's period where you're supposed to shut the fuck up. You don't talk. You say, I plead the fifth. Where's my lawyer? I don't talk. I go silent. He's going on tour. He's going on tour. He's at speaking at a New York Times

16:11

summit with Zuckerberg and, like, oh, you know, these politicians. I think Mike Pence is speaking there. He's going on tour. I think that's today, by the way. I think he's he's, yeah, he's going on tour

summit with Zuckerberg and, like, oh, you know, these politicians. I think Mike Pence is speaking there. He's going on tour. I think that's today, by the way. I think he's he's, yeah, he's going on tour

16:20

And

And

16:21

I don't think he has any idea what he set trying to say because,

I don't think he has any idea what he set trying to say because,

16:25

none of it makes sense. None of it sounds good. And Both his parents are lawyers. Incriminating himself more. Yeah. Both his parents are lawyers.

none of it makes sense. None of it sounds good. And Both his parents are lawyers. Incriminating himself more. Yeah. Both his parents are lawyers.

16:33

And then he tweets out this dumb stuff where he's just tweeting, like, letters as a joke.

And then he tweets out this dumb stuff where he's just tweeting, like, letters as a joke.

16:38

This guy is just what the hell? You're you you shut up. You don't say a word.

This guy is just what the hell? You're you you shut up. You don't say a word.

16:43

Don't say a word. You shut off. I hope he keeps talking. Keep talking. Keep talking. Yeah. Keep you keep talking. I just wanna hear hear what you gotta say. Let you have go ahead. Build your own trap. That's fine. It's crazy. So I had to bring that up. And then another scandal. You wanna, can I give tell you one more interesting scandal? This might be less interesting, but it's interesting nonetheless. So we talked about this guy named Liver King a while ago. Do you remember

Don't say a word. You shut off. I hope he keeps talking. Keep talking. Keep talking. Yeah. Keep you keep talking. I just wanna hear hear what you gotta say. Let you have go ahead. Build your own trap. That's fine. It's crazy. So I had to bring that up. And then another scandal. You wanna, can I give tell you one more interesting scandal? This might be less interesting, but it's interesting nonetheless. So we talked about this guy named Liver King a while ago. Do you remember

17:03

Yeah. Liberty. The, just for those who don't know, the ultimate meat head. This guy looks like a caveman. He's absolutely jacked, and he's just, like, always eating, like, raw, you know, kidneys from a cow. Like, if he he's butchering and eating it.

Yeah. Liberty. The, just for those who don't know, the ultimate meat head. This guy looks like a caveman. He's absolutely jacked, and he's just, like, always eating, like, raw, you know, kidneys from a cow. Like, if he he's butchering and eating it.

17:18

So he basically the back stories, this guy owns a company called ancestral supplements or something like that, where it's all like liver and meat organ supplements, which I think that's great. I I, like, the people who I, like, filed, they're like, yeah, that's, like, fine. That's a fine. You're in the demo. Let's just say.

So he basically the back stories, this guy owns a company called ancestral supplements or something like that, where it's all like liver and meat organ supplements, which I think that's great. I I, like, the people who I, like, filed, they're like, yeah, that's, like, fine. That's a fine. You're in the demo. Let's just say.

17:36

Yeah. Yeah. Like, I I I I guess that's good for you. So that it persona.

Yeah. Yeah. Like, I I I I guess that's good for you. So that it persona.

17:41

It was called their, you know, they're, like, instead of Joe Smith or, you know, Jane Doe, they were, like, Okay. So Sam Parr is online. How are we gonna talk to him? How are we gonna get this guy buy our, like, liver tablets?

It was called their, you know, they're, like, instead of Joe Smith or, you know, Jane Doe, they were, like, Okay. So Sam Parr is online. How are we gonna talk to him? How are we gonna get this guy buy our, like, liver tablets?

17:51

So

So

17:52

it came out yesterday that basically this was another more Plates wordates thing that more Plates were dates as YouTubers. Name's Derek. He got a hold of these email exchanges

it came out yesterday that basically this was another more Plates wordates thing that more Plates were dates as YouTubers. Name's Derek. He got a hold of these email exchanges

18:02

back and forth with a doctor that Brian Johnson, who's the Liver King. So, basically, this guy looks huge. He's yoked. He has millions and he's makes a hundred million dollars a year on supplements. They have these documents,

back and forth with a doctor that Brian Johnson, who's the Liver King. So, basically, this guy looks huge. He's yoked. He has millions and he's makes a hundred million dollars a year on supplements. They have these documents,

18:14

these emails back and forth of Brian

these emails back and forth of Brian

18:17

saying, hey,

saying, hey,

18:18

I'm gonna get popular on social media in the next month or two. I need to look totally shredded. Here's the steroids I currently take. I spend fifteen thousand dollars a month and hear what else should I be taking.

I'm gonna get popular on social media in the next month or two. I need to look totally shredded. Here's the steroids I currently take. I spend fifteen thousand dollars a month and hear what else should I be taking.

18:29

And so spoiler alert, he's on steroids, but that's not the interesting thing. He's on lots of steroids and the reason this is a big deal is free for the past year or two. He's gone on podcasts and he's explicitly said there's not a chance I'm on steroids. No. I'm not on steroids. I only do this because I eat my liver.

And so spoiler alert, he's on steroids, but that's not the interesting thing. He's on lots of steroids and the reason this is a big deal is free for the past year or two. He's gone on podcasts and he's explicitly said there's not a chance I'm on steroids. No. I'm not on steroids. I only do this because I eat my liver.

18:43

Which you guys should buy to at my website. So that's shady, but whatever. He's on steroids. But here's what's interesting. I wanted to call out a couple different things in the email that he wrote. So he says, let's dig right in. As it relates to my goal, I'm the face of several brands, including ancestral supplements, and I've hired a team to build the Liberty brand with a goal of one million followers by two thousand twenty two. I looked it up.

Which you guys should buy to at my website. So that's shady, but whatever. He's on steroids. But here's what's interesting. I wanted to call out a couple different things in the email that he wrote. So he says, let's dig right in. As it relates to my goal, I'm the face of several brands, including ancestral supplements, and I've hired a team to build the Liberty brand with a goal of one million followers by two thousand twenty two. I looked it up.

19:06

He had he wasn't even really on he had zero followers He had like single digit thousand followers when he when he wrote this in an email, and he hit a million followers before this number,

He had he wasn't even really on he had zero followers He had like single digit thousand followers when he when he wrote this in an email, and he hit a million followers before this number,

19:18

before March twenty two.

before March twenty two.

19:20

That's pretty impressive. He says,

That's pretty impressive. He says,

19:22

I've hired a film crew who's who's living at my house and they're filming,

I've hired a film crew who's who's living at my house and they're filming,

19:26

they're filming constantly and I got to stay in great fucking shape year round.

they're filming constantly and I got to stay in great fucking shape year round.

19:31

And what's interesting is that

And what's interesting is that

19:34

he nailed it This guy totally called his shot, and he hit it. And even though he's a liar, I respect that. And so he basically says that he goes,

he nailed it This guy totally called his shot, and he hit it. And even though he's a liar, I respect that. And so he basically says that he goes,

19:44

I live on, I live on a faith fifteen acres on the lake and have everyone come to me. My ranch is five hundred acres of paradise. I don't go out to eat. I don't go bowling. I don't go to the movies. I stay home and people come to me. That was kind of interesting. But here's another funny thing that he wrote.

I live on, I live on a faith fifteen acres on the lake and have everyone come to me. My ranch is five hundred acres of paradise. I don't go out to eat. I don't go bowling. I don't go to the movies. I stay home and people come to me. That was kind of interesting. But here's another funny thing that he wrote.

19:59

The doctor asks him all these different questions about, like, what foods he's allergic to, what his current,

The doctor asks him all these different questions about, like, what foods he's allergic to, what his current,

20:05

daily routine is, what type of foods he's eating, and then he says, what type of food? This is funny. What type of food do you like to eat that isn't bodybuilding related?

daily routine is, what type of foods he's eating, and then he says, what type of food? This is funny. What type of food do you like to eat that isn't bodybuilding related?

20:15

None. Even when I eat sushi, I have a sushi chef come over and make it exactly how I want it. If I ever have ice cream, my my my wife makes a colot colostrum ice cream made out of first milk colostrum. I don't know what that is. Egg yolks, vanilla extract, and a little maple syrup, and implicit to this. He goes, you should come over fuck some of this shit up with me, doc.

None. Even when I eat sushi, I have a sushi chef come over and make it exactly how I want it. If I ever have ice cream, my my my wife makes a colot colostrum ice cream made out of first milk colostrum. I don't know what that is. Egg yolks, vanilla extract, and a little maple syrup, and implicit to this. He goes, you should come over fuck some of this shit up with me, doc.

20:37

And,

And,

20:38

and then he says,

and then he says,

20:40

The doctor says, how's your mood,

The doctor says, how's your mood,

20:42

as you go deeper in your diet, can you function and continue with your jobs and deal with friends and family, or does it become increasingly difficult to maintain your obligations know, outside your body building goals. Listen to this response. I can do anything.

as you go deeper in your diet, can you function and continue with your jobs and deal with friends and family, or does it become increasingly difficult to maintain your obligations know, outside your body building goals. Listen to this response. I can do anything.

20:54

I'm unequivocally

I'm unequivocally

20:55

strong in mind, heart, and spirit.

strong in mind, heart, and spirit.

20:58

And

And

20:59

even though this guy's a liar,

even though this guy's a liar,

21:02

I gotta dig it. I gotta dig this attitude. Let's get your moral code straight. Alright. Guy, proven liar,

I gotta dig it. I gotta dig this attitude. Let's get your moral code straight. Alright. Guy, proven liar,

21:09

borderline scammer

borderline scammer

21:10

for lying about, you know, what was causing his gains.

for lying about, you know, what was causing his gains.

21:15

Weirdo. Absolute weirdo. Absolute weirdo.

Weirdo. Absolute weirdo. Absolute weirdo.

21:18

In his daily routine, he goes first thing in the morning. Redeemed himself in your eyes. Totally redeemed himself. No. Not not quite it's kinda like Lance Armstrong, cheated,

In his daily routine, he goes first thing in the morning. Redeemed himself in your eyes. Totally redeemed himself. No. Not not quite it's kinda like Lance Armstrong, cheated,

21:27

sued people for saying he cheated,

sued people for saying he cheated,

21:29

ruined people's reputation,

ruined people's reputation,

21:32

Well, it was a real competitor.

Well, it was a real competitor.

21:34

Real real competitor.

Real real competitor.

21:36

Came on the podcast. Gotta love the guy. Yeah. So, like, you know for us, you're good in my butt. That, you know, people, you know, they're, you know, my dad used to say, no matter how thin a pancake, there's always two sides to it. And,

Came on the podcast. Gotta love the guy. Yeah. So, like, you know for us, you're good in my butt. That, you know, people, you know, they're, you know, my dad used to say, no matter how thin a pancake, there's always two sides to it. And,

21:53

I want a gem.

I want a gem.

21:55

Yes.

Yes.

21:56

So anyway,

So anyway,

21:57

kind of interesting. That this guy, he says he's spending by the way fifteen thousand a month on steroids.

kind of interesting. That this guy, he says he's spending by the way fifteen thousand a month on steroids.

22:03

That's got any, and he goes, I'll spend whatever. Like, I I need to get this done. So I just think it's interesting that he had a goal.

That's got any, and he goes, I'll spend whatever. Like, I I need to get this done. So I just think it's interesting that he had a goal.

22:11

He called his shot and he nailed it. That's kind of interesting. Was willing to go all the way and all in

He called his shot and he nailed it. That's kind of interesting. Was willing to go all the way and all in

22:17

and, did it his way. So, you know, there is, there is respect. We do put respect on his name even though he was a liar and scammer.

and, did it his way. So, you know, there is, there is respect. We do put respect on his name even though he was a liar and scammer.

22:26

That's that that makes sense to me, though. I'm like, I'm with you. Other people might hear that and be like,

That's that that makes sense to me, though. I'm like, I'm with you. Other people might hear that and be like,

22:31

what? I don't get it. I totally get it. I'm the same way.

what? I don't get it. I totally get it. I'm the same way.

22:35

I'm absolutely the same way.

I'm absolutely the same way.

22:38

I appreciate it. People were saying Sam's camera go in and out of focus. We're just we're working on this the new studio look. We gotta figure out some settings. So just like, you know, just have a seizure today, but my next episode, you're you'll be totally fine.

I appreciate it. People were saying Sam's camera go in and out of focus. We're just we're working on this the new studio look. We gotta figure out some settings. So just like, you know, just have a seizure today, but my next episode, you're you'll be totally fine.

22:49

Alright. So let me give you one while we're on this top. Well, actually, I wanna do two things.

Alright. So let me give you one while we're on this top. Well, actually, I wanna do two things.

22:54

Number one, you've said the more plates, more dates guy a couple times now.

Number one, you've said the more plates, more dates guy a couple times now.

22:59

You know, is that a dog whistle to try to get him to come on? Maybe could be. But Totally it is. I love this guy, man. But you also tweeted something out the other day, and I think he's a good example. You said something like the following. You go to have a great podcast,

You know, is that a dog whistle to try to get him to come on? Maybe could be. But Totally it is. I love this guy, man. But you also tweeted something out the other day, and I think he's a good example. You said something like the following. You go to have a great podcast,

23:14

you need

you need

23:15

There are, like, three factors. And, yeah, I think you said

There are, like, three factors. And, yeah, I think you said

23:19

unique slash amazing content,

unique slash amazing content,

23:22

unique slash amazing delivery

unique slash amazing delivery

23:24

And then the last one is unique slash amazing perspective. So, like, you have specific knowledge or insights that, like, you know, the average person doesn't have.

And then the last one is unique slash amazing perspective. So, like, you have specific knowledge or insights that, like, you know, the average person doesn't have.

23:32

And you said you need at least one

And you said you need at least one

23:35

to have a a successful podcast.

to have a a successful podcast.

23:38

Two is she was great.

Two is she was great.

23:40

Three would be unbelievable, but extremely rare.

Three would be unbelievable, but extremely rare.

23:43

And you got a bunch of replies to this.

And you got a bunch of replies to this.

23:46

And I would I wanna first ask you about I wanna ask you a little bit about that, but also Let's use this guide Derek for more place more dates as a as a as a as a case study here. I think he's a perfect example of what you're doing. So

And I would I wanna first ask you about I wanna ask you a little bit about that, but also Let's use this guide Derek for more place more dates as a as a as a as a case study here. I think he's a perfect example of what you're doing. So

23:57

unique

unique

23:58

amazing content. Before him, I didn't see any YouTube channels. I'm sure there were some, but they were nobody was popular, but there wasn't, like, a common wasn't a common content category to be like, I'm gonna make videos speculating

amazing content. Before him, I didn't see any YouTube channels. I'm sure there were some, but they were nobody was popular, but there wasn't, like, a common wasn't a common content category to be like, I'm gonna make videos speculating

24:10

is this dude on steroids? And if so, what Royids do I think it is? That's his that's his entire release of his channel. From a non judgment perspective. This guy, Derek says, yeah, here's what I use.

is this dude on steroids? And if so, what Royids do I think it is? That's his that's his entire release of his channel. From a non judgment perspective. This guy, Derek says, yeah, here's what I use.

24:21

Not trying to

Not trying to

24:22

take them down. He's just trying to speak honestly about what he thinks. And he's like, oh, here's my here's my guess.

take them down. He's just trying to speak honestly about what he thinks. And he's like, oh, here's my here's my guess.

24:28

If I'm this dude, I'm looking like this. This is what I'm doing. And, you know, here's the evidence that I'm piecing together to make that that claim. Yeah. And so do you need content check?

If I'm this dude, I'm looking like this. This is what I'm doing. And, you know, here's the evidence that I'm piecing together to make that that claim. Yeah. And so do you need content check?

24:38

You make delivery. His delivery is actually very, very good. It's very good. He's so funny. Because it's non judgmental

You make delivery. His delivery is actually very, very good. It's very good. He's so funny. Because it's non judgmental

24:44

because it's not overproduced because he's not trying to sell you something during the thing. And he's just like humorous and laughing about it. So he does it without, like, there are other people that do this and they're either judgmental or they're, like,

because it's not overproduced because he's not trying to sell you something during the thing. And he's just like humorous and laughing about it. So he does it without, like, there are other people that do this and they're either judgmental or they're, like,

24:57

I'm ripping the mask off this scandal. Like, I expose,

I'm ripping the mask off this scandal. Like, I expose,

25:00

and he's just, like,

and he's just, like,

25:02

he's, like, you know, he'll, like, the guy will claim he's all natty, like, alright, sure, bro. Like, whatever you say, right? But, like, I don't think so. And, like, that's the level of, like, his delivery. And then And he and he has a lot of really good phrases. Like, he'll be like, oh, this guy is looking saucy here. Yeah. He's like, he's sauce to the gills. He just wants to be a little saucy. That's alright. Like, he just has really funny

he's, like, you know, he'll, like, the guy will claim he's all natty, like, alright, sure, bro. Like, whatever you say, right? But, like, I don't think so. And, like, that's the level of, like, his delivery. And then And he and he has a lot of really good phrases. Like, he'll be like, oh, this guy is looking saucy here. Yeah. He's like, he's sauce to the gills. He just wants to be a little saucy. That's alright. Like, he just has really funny

25:23

funny His delivery is good. I don't even care about I don't have any interest in steroids. I don't even care if other people are taking steroids. I will watch his channel because his delivery is so good. He's so likable. Like, he's very likable. He watches his channels. Like, I would be friends with him. And it's actually

funny His delivery is good. I don't even care about I don't have any interest in steroids. I don't even care if other people are taking steroids. I will watch his channel because his delivery is so good. He's so likable. Like, he's very likable. He watches his channels. Like, I would be friends with him. And it's actually

25:39

a self compliment. It's a self delusion that you think he would be friends with you because the guy's, like, just, he just seems like a good dude. Great hang. So I think that's the second one. Third, amazing perspective. He has he has that also because he actually has quite a bit of scientific knowledge, but also like street science. So, like, he's not just straight academic.

a self compliment. It's a self delusion that you think he would be friends with you because the guy's, like, just, he just seems like a good dude. Great hang. So I think that's the second one. Third, amazing perspective. He has he has that also because he actually has quite a bit of scientific knowledge, but also like street science. So, like, he's not just straight academic.

25:57

Nor is he just a meat head? He's got enough knowledge about the science while having enough, you know, sort of street smarts about What do dudes actually use when they're doing this stuff? And how do they say it makes them feel? What do they say are the side effects? Dude, he's so good. And you wanna know another interesting thing about him is no one knows his last name. So I I actually tried to like Google and I only spent five minutes. I'm I'm sure I could really find it, but he's done a really good job. Everyone just knows him as Derek for more plates, more dates. And you can't find a lot of info, like, personal information about them.

Nor is he just a meat head? He's got enough knowledge about the science while having enough, you know, sort of street smarts about What do dudes actually use when they're doing this stuff? And how do they say it makes them feel? What do they say are the side effects? Dude, he's so good. And you wanna know another interesting thing about him is no one knows his last name. So I I actually tried to like Google and I only spent five minutes. I'm I'm sure I could really find it, but he's done a really good job. Everyone just knows him as Derek for more plates, more dates. And you can't find a lot of info, like, personal information about them.

26:27

Wow. That's interesting. I didn't know that.

Wow. That's interesting. I didn't know that.

26:31

And he records I think he records every I think he makes a video every single day. So he makes a video every single day and he's got one point five or two million subscribers,

And he records I think he records every I think he makes a video every single day. So he makes a video every single day and he's got one point five or two million subscribers,

26:41

and it's really good. And what's really fascinating is that there's guys like him who they don't call themselves a journalist with a capital j But they really are. You know, these guys are doing investigative journalism, and that's quite good. It's better than a lot of different stuff out there that's done by the quote professionals.

and it's really good. And what's really fascinating is that there's guys like him who they don't call themselves a journalist with a capital j But they really are. You know, these guys are doing investigative journalism, and that's quite good. It's better than a lot of different stuff out there that's done by the quote professionals.

26:56

Yeah. Yeah. Totally.

Yeah. Yeah. Totally.

26:57

So yeah. He he's great. Okay. So that's a good example.

So yeah. He he's great. Okay. So that's a good example.

27:01

Should we con should we continue the theme of,

Should we con should we continue the theme of,

27:05

By the way, for that for that podcast one that I quoted,

By the way, for that for that podcast one that I quoted,

27:08

I I further I said,

I I further I said,

27:11

I go, let's do all in for an example.

I go, let's do all in for an example.

27:14

Their delivery,

Their delivery,

27:15

it's decent. I said it's decent, which I thought was, like, a compliment, but I was, like, their delivery is is pretty decent. They're not, like, a comedian,

it's decent. I said it's decent, which I thought was, like, a compliment, but I was, like, their delivery is is pretty decent. They're not, like, a comedian,

27:22

you know, they're not, like,

you know, they're not, like,

27:24

serial or, like, some, like, investigative, they work well well produced and cut edited and or or, like, a unique format that we haven't seen before. It's like, you know, four dudes on a Zoom call. Yeah. Four guys on a Zoom call. Sometimes speaking through AirPods and, like, they're quite funny. They're quite charismatic, but they're not, like, ten x better at that than other people who are. I'd say it's definitely above average. Like, you know, the intros, they do the kinda busting and, like, the way Yeah. That's not ten times that's not ten times better than the other people who are of that of that magnitude.

serial or, like, some, like, investigative, they work well well produced and cut edited and or or, like, a unique format that we haven't seen before. It's like, you know, four dudes on a Zoom call. Yeah. Four guys on a Zoom call. Sometimes speaking through AirPods and, like, they're quite funny. They're quite charismatic, but they're not, like, ten x better at that than other people who are. I'd say it's definitely above average. Like, you know, the intros, they do the kinda busting and, like, the way Yeah. That's not ten times that's not ten times better than the other people who are of that of that magnitude.

27:55

I'm comparing them to, like, the other, like, people who are doing great. Yep. It's maybe better. It's maybe worse than a sum. It may be better than a lot. And then what else did I say? I said their delivery was was was decent. Their content,

I'm comparing them to, like, the other, like, people who are doing great. Yep. It's maybe better. It's maybe worse than a sum. It may be better than a lot. And then what else did I say? I said their delivery was was was decent. Their content,

28:07

like, the the format and everything That's just normal. It's just four people who are speaking it. It's kind of rare that you have. Well, they're talking about current events, which is not like current events and news, which is not like,

like, the the format and everything That's just normal. It's just four people who are speaking it. It's kind of rare that you have. Well, they're talking about current events, which is not like current events and news, which is not like,

28:19

super unique.

super unique.

28:21

It's not super that,

It's not super that,

28:23

in itself, is not the unique part. But the thing that makes it amazing is that it's them, it's four people who typically who have incredibly, like, ungodly successful. Potentially, some of them are billionaires,

in itself, is not the unique part. But the thing that makes it amazing is that it's them, it's four people who typically who have incredibly, like, ungodly successful. Potentially, some of them are billionaires,

28:33

and they sit down every week, and they talk about all types in an unfiltered way. That is ten times better than most things that are trying to become bad. And that's why they're awesome. And people including Jason. I I I think Jason, one of the hosts, he was like, I think he's thought I was insulting him.

and they sit down every week, and they talk about all types in an unfiltered way. That is ten times better than most things that are trying to become bad. And that's why they're awesome. And people including Jason. I I I think Jason, one of the hosts, he was like, I think he's thought I was insulting him.

28:49

And I'm like, no, dude. This is, like, this is a compliment. I said, like, It's it's like it's like saying, like, LeBron is like good at a lot. Like, he's so such a great basketball player, but maybe he's not the best at blocking shots or whatever. Yeah. And people got mad at me and they're trying to pick a fight. And that was not my intention. I I to me, I was complimenting them.

And I'm like, no, dude. This is, like, this is a compliment. I said, like, It's it's like it's like saying, like, LeBron is like good at a lot. Like, he's so such a great basketball player, but maybe he's not the best at blocking shots or whatever. Yeah. And people got mad at me and they're trying to pick a fight. And that was not my intention. I I to me, I was complimenting them.

29:07

Yeah. Yeah. Yeah. I I thought you were complimenting them, but you have a way with words where you'll, like, you'll add a little period after a word. You'd like, it's decent period. And is that that kind of sounds like

Yeah. Yeah. Yeah. I I thought you were complimenting them, but you have a way with words where you'll, like, you'll add a little period after a word. You'd like, it's decent period. And is that that kind of sounds like

29:18

you know, like, man, like, hey, there's you gotta you gotta watch the periods, dude. The periods totally change the tone. Like, if you're using a period, like, It's fucking Twitter. I have, like, a hundred and ninety characters,

you know, like, man, like, hey, there's you gotta you gotta watch the periods, dude. The periods totally change the tone. Like, if you're using a period, like, It's fucking Twitter. I have, like, a hundred and ninety characters,

29:28

and you used one of them on a period. And, you know, that that that that

and you used one of them on a period. And, you know, that that that that

29:33

that thing that adds that adds the tone. Right? I did not mean it that way. I did not mean it that way.

that thing that adds that adds the tone. Right? I did not mean it that way. I did not mean it that way.

29:41

But you also doubled down after he was like, you know, whatever. He put that. I took that personally meme up there.

But you also doubled down after he was like, you know, whatever. He put that. I took that personally meme up there.

29:46

You were like, you know, I said what I said. It's decent. Oh, I didn't double down. I I don't backtrack. I'm like, dude. Yeah. Your delivery is like pretty good. You're not like Theo Vaughn. You don't say, like, the most, like, funny shit on earth, you say pretty great stuff,

You were like, you know, I said what I said. It's decent. Oh, I didn't double down. I I don't backtrack. I'm like, dude. Yeah. Your delivery is like pretty good. You're not like Theo Vaughn. You don't say, like, the most, like, funny shit on earth, you say pretty great stuff,

30:00

but whatever. That's my point.

but whatever. That's my point.

30:03

Saying the kind of guy that doubles down on a seventeen in Vegas. He's like, whoa, sir? Are you sure?

Saying the kind of guy that doubles down on a seventeen in Vegas. He's like, whoa, sir? Are you sure?

30:09

I sound what I said. Give me another card.

I sound what I said. Give me another card.

30:15

Our software is the worst. Have you heard of HubSpot?

Our software is the worst. Have you heard of HubSpot?

30:18

See, most CRMs are a cobbled together mess. But HubSpot is easy to adopt and actually looks gorgeous. Think I love our new CRM. Our software is the best. HubSpot.

See, most CRMs are a cobbled together mess. But HubSpot is easy to adopt and actually looks gorgeous. Think I love our new CRM. Our software is the best. HubSpot.

30:29

Girlbetter.

Girlbetter.

30:30

Alright. So

Alright. So

30:31

I have one that's not it's not in the category. We did SBF, liar, probably fraud scammer, whatever. We did liver king liar,

I have one that's not it's not in the category. We did SBF, liar, probably fraud scammer, whatever. We did liver king liar,

30:40

probably scammer, probably allegedly,

probably scammer, probably allegedly,

30:43

whatever.

whatever.

30:44

This is not that. But I am calling this the curious case of Katie Hahn.

This is not that. But I am calling this the curious case of Katie Hahn.

30:56

That's right. Music for South Africa. What was that music? What was that music? That's my new that's my new,

That's right. Music for South Africa. What was that music? What was that music? That's my new that's my new,

31:02

like, x files. Style music, whatever we're getting into a,

like, x files. Style music, whatever we're getting into a,

31:06

a little case that makes me say,

a little case that makes me say,

31:09

how does this work? So

how does this work? So

31:11

How do you spell this woman's name? I wanna Google her while you're talking. Katie,

How do you spell this woman's name? I wanna Google her while you're talking. Katie,

31:14

like Katie as in Katie, and then Han, h a u n.

like Katie as in Katie, and then Han, h a u n.

31:19

Okay. So she

Okay. So she

31:20

you know, I think you probably know of her.

you know, I think you probably know of her.

31:24

Seems like a great person. So, you know,

Seems like a great person. So, you know,

31:27

I think her her backstory is kind of like,

I think her her backstory is kind of like,

31:30

you know, went to Stanford law,

you know, went to Stanford law,

31:33

and then worked, you know, for works for the government. So she I I forgot what her she's federal prosecutor or something that was her job title.

and then worked, you know, for works for the government. So she I I forgot what her she's federal prosecutor or something that was her job title.

31:42

Let me find my notes here. So

Let me find my notes here. So

31:45

Okay. So she, she goes to Stanford Law, then she spends a decade as a federal prosecutor,

Okay. So she, she goes to Stanford Law, then she spends a decade as a federal prosecutor,

31:51

for the the DOJ.

for the the DOJ.

31:54

And she's, you know, And then she creates at one time the government's cryptocurrency task force. And we know her because she was involved with or helped,

And she's, you know, And then she creates at one time the government's cryptocurrency task force. And we know her because she was involved with or helped,

32:02

I think after the fact, with the silk road case. So the silk road was, you know, that website where people were buying and selling drugs and, you know, You could buy anything assassination attempts. So you could buy a lot of lot of crazy shit on there. They eventually take Ross down in your your neighborhood,

I think after the fact, with the silk road case. So the silk road was, you know, that website where people were buying and selling drugs and, you know, You could buy anything assassination attempts. So you could buy a lot of lot of crazy shit on there. They eventually take Ross down in your your neighborhood,

32:19

in San Francisco,

in San Francisco,

32:20

And after the fact, they, you know, have all this Bitcoin from because Silk Road was using Bitcoin for most of the purchases. And so she's involved in that case. That's kinda how she got on my radar. Was she did a great interview with Tim Ferris. Where she's talking about that story. So, you know, I hear the story. That's kind of amazing. Like,

And after the fact, they, you know, have all this Bitcoin from because Silk Road was using Bitcoin for most of the purchases. And so she's involved in that case. That's kinda how she got on my radar. Was she did a great interview with Tim Ferris. Where she's talking about that story. So, you know, I hear the story. That's kind of amazing. Like,

32:34

this person who, like, you know, was just grinding it out as part of the government

this person who, like, you know, was just grinding it out as part of the government

32:39

And that's kinda was the impression I had of her. Was this like awesome civil servant.

And that's kinda was the impression I had of her. Was this like awesome civil servant.

32:43

So imagine the look on my face when I hear that Katie Hahn just purchased a forty one million dollar home in Atherton.

So imagine the look on my face when I hear that Katie Hahn just purchased a forty one million dollar home in Atherton.

32:52

Forty one million dollar home. What's going? What's going on here, Katie Hahn? Like, what do you how much do you have to be worth to buy forty one ninety dollars? Go go to DOJ. Average salary, federal prosecutor, ninety four thousand to a hundred fifty thousand. K. So she worked there for ten thousand years? No. Okay. That's not it. So what what's what's been going on? So Katie, hon, at one point. She with that DOJ seller, she could pay her property taxes for a month Yeah. The gardener

Forty one million dollar home. What's going? What's going on here, Katie Hahn? Like, what do you how much do you have to be worth to buy forty one ninety dollars? Go go to DOJ. Average salary, federal prosecutor, ninety four thousand to a hundred fifty thousand. K. So she worked there for ten thousand years? No. Okay. That's not it. So what what's what's been going on? So Katie, hon, at one point. She with that DOJ seller, she could pay her property taxes for a month Yeah. The gardener

33:17

is, like,

is, like,

33:18

her property is making that. So

her property is making that. So

33:21

so but, you know, she she made switch. So she did the decade there, and she's doing these, like, I forgot what you call them, like, the Rico cases. It was, like, these crazy, like, drug cases, cartel stuff. And then she makes the leap, and she comes All of a sudden, she's a VC. So,

so but, you know, she she made switch. So she did the decade there, and she's doing these, like, I forgot what you call them, like, the Rico cases. It was, like, these crazy, like, drug cases, cartel stuff. And then she makes the leap, and she comes All of a sudden, she's a VC. So,

33:35

she becomes a VC at Andreson Horowitz in two thousand and eighteen. She joins as a general partner.

she becomes a VC at Andreson Horowitz in two thousand and eighteen. She joins as a general partner.

33:42

The year before that, twenty seventeen,

The year before that, twenty seventeen,

33:44

she was named to the board of Coinbase.

she was named to the board of Coinbase.

33:47

That's interesting. I guess, like, you know, they wanted a devour a diverse board member who had a different background.

That's interesting. I guess, like, you know, they wanted a devour a diverse board member who had a different background.

33:52

Twenty best of all. No. But you can't you can't say that she's a I mean, that's bullshit. No. I'm saying, like, her her work history. So she's not a business person. She's from like a regular the regulatory, like, you know, side of things. That's her expertise. So that's a good person to have on your board. Somebody who who was part of the government's cryptocurrency task force, definitely see the value there.

Twenty best of all. No. But you can't you can't say that she's a I mean, that's bullshit. No. I'm saying, like, her her work history. So she's not a business person. She's from like a regular the regulatory, like, you know, side of things. That's her expertise. So that's a good person to have on your board. Somebody who who was part of the government's cryptocurrency task force, definitely see the value there.

34:12

But how much value is what I gotta ask? That's the question of the day. How much value? And what's this too much value? Okay. So

But how much value is what I gotta ask? That's the question of the day. How much value? And what's this too much value? Okay. So

34:19

she joins the board

she joins the board

34:21

and she gets

and she gets

34:23

So, okay. No. On the day of her IPO, it was worth seventy three million. That was April fourteenth twenty twenty one. And,

So, okay. No. On the day of her IPO, it was worth seventy three million. That was April fourteenth twenty twenty one. And,

34:30

she sold pretty much the top. So she was selling at,

she sold pretty much the top. So she was selling at,

34:34

you know, she was she was sold at that that price and then she sold even more as it went like, whatever three hundred something dollars a share.

you know, she was she was sold at that that price and then she sold even more as it went like, whatever three hundred something dollars a share.

34:42

It's currently trading, you know, for far less than that. So let's see what Coinbase is trading at today. Coin stock price. You got forty something bucks a share? Yeah. Forty one dollars a share. So if you saw that, like, the

It's currently trading, you know, for far less than that. So let's see what Coinbase is trading at today. Coin stock price. You got forty something bucks a share? Yeah. Forty one dollars a share. So if you saw that, like, the

34:53

whatever, three hundreds, three eighty, well, you know, three eighties,

whatever, three hundreds, three eighty, well, you know, three eighties,

34:56

type of range. Almost ten times. So so sells the absolute top. But what I have to the the question I have and I'm not saying she did anything wrong or illegal, yeah, more power to you. What I don't understand is,

type of range. Almost ten times. So so sells the absolute top. But what I have to the the question I have and I'm not saying she did anything wrong or illegal, yeah, more power to you. What I don't understand is,

35:08

why did this person get a hundred million dollars for sitting on the board? Is that not an outrageous number? So, like, there I don't think there's any wrongdoing

why did this person get a hundred million dollars for sitting on the board? Is that not an outrageous number? So, like, there I don't think there's any wrongdoing

35:16

But goddamn, how did somebody make so much for doing so little? Like,

But goddamn, how did somebody make so much for doing so little? Like,

35:20

a board seat.

a board seat.

35:21

You know,

You know,

35:22

a board member does not work very hard for the company. A board member does not usually create this much value. I thought board members typically got, like, two hundred and fifty thousand a year. Like, two hundred and fifty thousand a year. Yeah. That's the goal. Like, board compensation what I wanna know is why did this board member get a hundred million dollars?

a board member does not work very hard for the company. A board member does not usually create this much value. I thought board members typically got, like, two hundred and fifty thousand a year. Like, two hundred and fifty thousand a year. Yeah. That's the goal. Like, board compensation what I wanna know is why did this board member get a hundred million dollars?

35:38

And, I don't know if you know the answer to this, but that is the That is why it is the curious case of Katie Hahn. What what Well, you're asking this question. You're asking the this sounds like a leading question. It sounds like you have an opinion, but keep in mind, I'm looking just at her link. No, ma'am. I'm gonna tell me about these things. I I She founded a thing called Hahn Ventures, which is which has a one point five billion dollar

And, I don't know if you know the answer to this, but that is the That is why it is the curious case of Katie Hahn. What what Well, you're asking this question. You're asking the this sounds like a leading question. It sounds like you have an opinion, but keep in mind, I'm looking just at her link. No, ma'am. I'm gonna tell me about these things. I I She founded a thing called Hahn Ventures, which is which has a one point five billion dollar

35:59

fund that's focused on web three. And I believe she she's the only partner. So the fees on that alone, two per venture capitalist gets two percent management fees on a typical

fund that's focused on web three. And I believe she she's the only partner. So the fees on that alone, two per venture capitalist gets two percent management fees on a typical

36:08

and her one point five billion dollar fund, and she's the only partner. I think that's thirty million dollars per year

and her one point five billion dollar fund, and she's the only partner. I think that's thirty million dollars per year

36:14

that she takes as her management fee. That's fucking crazy.

that she takes as her management fee. That's fucking crazy.

36:17

And when she was at Andresen,

And when she was at Andresen,

36:20

again, hard to know the exact specifics here, but, like, their the a sixteen C crypto fund was seven billion dollars, I think, at the time.

again, hard to know the exact specifics here, but, like, their the a sixteen C crypto fund was seven billion dollars, I think, at the time.

36:29

There were five general partners,

There were five general partners,

36:31

you know, so I don't I don't know exactly if if that number's the total after Coinbase's exit or if that's what they raised, I haven't gotten that that far in. But, like, I think it's it is

you know, so I don't I don't know exactly if if that number's the total after Coinbase's exit or if that's what they raised, I haven't gotten that that far in. But, like, I think it's it is

36:41

believable

believable

36:41

that she was making thirty million dollars, that she's made thirty million dollars plus off of her slice of the Andresen crypto fund before she left.

that she was making thirty million dollars, that she's made thirty million dollars plus off of her slice of the Andresen crypto fund before she left.

36:50

And by the way, the I think her portfolio there, coinbase was the only one that that has exited. There's Arweave. There's autograph. There's Royal. There's a bunch of others, but, like, These are these are early early bets. Right? Because we're only talking

And by the way, the I think her portfolio there, coinbase was the only one that that has exited. There's Arweave. There's autograph. There's Royal. There's a bunch of others, but, like, These are these are early early bets. Right? Because we're only talking

37:02

four years ago when she joined the the fund.

four years ago when she joined the the fund.

37:06

So kinda crazy

So kinda crazy

37:08

somebody made a hundred hundred

somebody made a hundred hundred

37:10

million dollars plus off of,

million dollars plus off of,

37:12

off of their board seat.

off of their board seat.

37:14

After working for the government for ten years. Ever yeah. And so I don't know what's going on. I don't know if this is like a very fancy way of like buying favor in

After working for the government for ten years. Ever yeah. And so I don't know what's going on. I don't know if this is like a very fancy way of like buying favor in

37:24

in Washington that's like, hey, we're gonna get this veteran who's super plugged in, you know,

in Washington that's like, hey, we're gonna get this veteran who's super plugged in, you know,

37:30

great. She gets this, you know, really, really really, really, really, really, really capital, really strong comp. And,

great. She gets this, you know, really, really really, really, really, really, really capital, really strong comp. And,

37:37

you know, she's gonna make sure that the right people, you know, think favorably about coinbase.

you know, she's gonna make sure that the right people, you know, think favorably about coinbase.

37:42

I don't know if it's that. I don't know if this is standard. I don't think this is standard for what board members make. Yeah. That's crazy. What did the other board members get? What's going on there? Did you look at the other board members?

I don't know if it's that. I don't know if this is standard. I don't think this is standard for what board members make. Yeah. That's crazy. What did the other board members get? What's going on there? Did you look at the other board members?

37:53

The during the s one, you could see kinda who the other major shareholders were.

The during the s one, you could see kinda who the other major shareholders were.

37:57

I didn't see any of the other board members that were there, but I could I could be wrong. So there's Mark Anderson is there, Fred Wilson. Those are the investors.

I didn't see any of the other board members that were there, but I could I could be wrong. So there's Mark Anderson is there, Fred Wilson. Those are the investors.

38:07

Maybe

Maybe

38:09

yeah. I mean, hers is just outsized. So, like, I don't know who who is Go Cool Rajaram. I think he's, I think he might have been another board member. So let me see. Coinbase, I don't know if he worked there or if he's a board member.

yeah. I mean, hers is just outsized. So, like, I don't know who who is Go Cool Rajaram. I think he's, I think he might have been another board member. So let me see. Coinbase, I don't know if he worked there or if he's a board member.

38:21

But he got, you know, if whatever he had was six hundred thousand shares, hers was five point nine million,

But he got, you know, if whatever he had was six hundred thousand shares, hers was five point nine million,

38:27

shares. So, like, you know, just suddenly like a step a step higher. Yeah. She he was also a board member. So, like, for some reason,

shares. So, like, you know, just suddenly like a step a step higher. Yeah. She he was also a board member. So, like, for some reason,

38:35

She got ten times more in her stock grant than this

She got ten times more in her stock grant than this

38:39

this dude Gocol did.

this dude Gocol did.

38:42

This is yeah. This is wild. Things that make you say.

This is yeah. This is wild. Things that make you say.

38:49

I don't I I I agree. This is a very curious case. It could be a perfectly reasonable explanation for this. I don't know it. I would love to hear it.

I don't I I I agree. This is a very curious case. It could be a perfectly reasonable explanation for this. I don't know it. I would love to hear it.

38:57

And I'm not I'm not owed any explanation either. I just thought this was weird because I'm like, how the heck did this person who worked with the government for almost their whole career except for the last three years? How are they buying? Forty million dollar pads. That doesn't make sense to me.

And I'm not I'm not owed any explanation either. I just thought this was weird because I'm like, how the heck did this person who worked with the government for almost their whole career except for the last three years? How are they buying? Forty million dollar pads. That doesn't make sense to me.

39:11

And

And

39:12

then I looked at where the money came from, and then that didn't make sense to me. But again, that might be my own limitation of of, you know, knowing how this stuff works. Have you ever spoke to her or, like, heard her speak?

then I looked at where the money came from, and then that didn't make sense to me. But again, that might be my own limitation of of, you know, knowing how this stuff works. Have you ever spoke to her or, like, heard her speak?

39:23

I've heard her speed. Yeah. She's,

I've heard her speed. Yeah. She's,

39:26

she's, you know, whatever she tells cool stories. I I heard her on a couple of podcasts. I have She's invest she's co invested in some of the crypto deals that I'm in. So I'm not saying, like, yo,

she's, you know, whatever she tells cool stories. I I heard her on a couple of podcasts. I have She's invest she's co invested in some of the crypto deals that I'm in. So I'm not saying, like, yo,

39:35

she's a bad investor if she is, then I I probably am am terrible.

she's a bad investor if she is, then I I probably am am terrible.

39:38

So so, you know, I don't know much about her from that angle, but there was one other funny thing. So there's this guy, Leron, who,

So so, you know, I don't know much about her from that angle, but there was one other funny thing. So there's this guy, Leron, who,

39:45

Leron Shapiro. I don't know if that's I don't know if I say that right, but have you seen this guy on Twitter? He's a fan of the show. He listens to the show.

Leron Shapiro. I don't know if that's I don't know if I say that right, but have you seen this guy on Twitter? He's a fan of the show. He listens to the show.

39:52

He

He

39:53

is also the number one, like crypto skeptic on Twitter. So his mission is basically to just expose the, like,

is also the number one, like crypto skeptic on Twitter. So his mission is basically to just expose the, like,

40:00

you know, like the fallacies,

you know, like the fallacies,

40:02

scams, and hypocritical things about web three.

scams, and hypocritical things about web three.

40:05

And so he tweeted this out, four days ago. He goes,

And so he tweeted this out, four days ago. He goes,

40:09

OpenC's,

OpenC's,

40:10

large investor Katie Hahn claims that NFTs have many uses and invites us to check out her latest purchase. Okay. Let's check. It goes to her profile on it on, on open sea, and it's called RAP MoonCast.

large investor Katie Hahn claims that NFTs have many uses and invites us to check out her latest purchase. Okay. Let's check. It goes to her profile on it on, on open sea, and it's called RAP MoonCast.

40:23

And it's just like this purple,

And it's just like this purple,

40:25

like, cat.

like, cat.

40:26

It's like, okay.

It's like, okay.

40:29

That not only has no uses,

That not only has no uses,

40:31

you know, besides just being a funny little purchase. Her account has zero activity since June. If you aren't using NFTs yourself, maybe you shouldn't keep investing in the space.

you know, besides just being a funny little purchase. Her account has zero activity since June. If you aren't using NFTs yourself, maybe you shouldn't keep investing in the space.

40:40

And, you know, so he's kinda calling her out of that. Now, of course, she could have other wallets or whatever, but, like, it is a little strange that, you know, the kind of lead investors you know, in in opency, the biggest, you know, NFT platform

And, you know, so he's kinda calling her out of that. Now, of course, she could have other wallets or whatever, but, like, it is a little strange that, you know, the kind of lead investors you know, in in opency, the biggest, you know, NFT platform

40:51

doesn't seem to have much

doesn't seem to have much

40:53

activity,

activity,

40:54

you know,

you know,

40:55

on the platform.

on the platform.

40:56

Beyond this woman, I've I've, like, do do you, like, look at Zillow and, like, read, like, the real estate, like, trade magazines of, like, you know, anytime someone buys, like, a fifty million dollar home or twenty million dollar home, I I love reading that stuff. You ever read that stuff? Yes. And, actually, call to action. I wanna

Beyond this woman, I've I've, like, do do you, like, look at Zillow and, like, read, like, the real estate, like, trade magazines of, like, you know, anytime someone buys, like, a fifty million dollar home or twenty million dollar home, I I love reading that stuff. You ever read that stuff? Yes. And, actually, call to action. I wanna

41:12

I want to to to

I want to to to

41:15

know or help start,

know or help start,

41:17

one of these Instagram accounts that's just featuring Baller Homes that ballers buy. So, like, I just want, like, celebrity business celebrity kind of, like, just homes that

one of these Instagram accounts that's just featuring Baller Homes that ballers buy. So, like, I just want, like, celebrity business celebrity kind of, like, just homes that

41:26

rich people are buying? Like, who are they? How are they rich and what's their home look like? I think that'd just be a great Instagram account that I wanna follow. And I I don't know if that exactly exists.

rich people are buying? Like, who are they? How are they rich and what's their home look like? I think that'd just be a great Instagram account that I wanna follow. And I I don't know if that exactly exists.

41:36

So so somebody start that, please. And and No. I I love that stuff, and I always think about the economics of that of, like, how do people afford the,

So so somebody start that, please. And and No. I I love that stuff, and I always think about the economics of that of, like, how do people afford the,

41:44

I don't know, thirty, forty, fifty, six million dollar homes. I wanna know what the monthly nut is each month. If they have a do you have to have a full time staff member? Just Let me find this kind of home. There's no mortgage. Right? I don't that's not a mortgage.

I don't know, thirty, forty, fifty, six million dollar homes. I wanna know what the monthly nut is each month. If they have a do you have to have a full time staff member? Just Let me find this kind of home. There's no mortgage. Right? I don't that's not a mortgage.

41:56

You know, I don't know. What are you doing? Are you putting like getting like a forty million dollar mortgage? Like, I don't know. That's why I wanna know. I wanna know I wanna know what the tax bill is. I wanna know how they actually care for it. I wanna know what their liquid position is and like how they finance it. If they pay cash, like what they do.

You know, I don't know. What are you doing? Are you putting like getting like a forty million dollar mortgage? Like, I don't know. That's why I wanna know. I wanna know I wanna know what the tax bill is. I wanna know how they actually care for it. I wanna know what their liquid position is and like how they finance it. If they pay cash, like what they do.

42:11

When you have a forty million dollar home, is that like do you view it? Like, for example, when I think of a home,

When you have a forty million dollar home, is that like do you view it? Like, for example, when I think of a home,

42:17

owning a home, I don't think of it as necessarily an asset. I think of it as like a store value because it typically grow much more than inflation. And so like do they view that as like an asset? Do they take care of it of like like an asset? Like I I just wanna know how they how they account for it in their in their net worth. There's so many fascinating things with owning these forty and fifty million dollar homes. I wanna know all about how they work. And frankly, I just wanna have a huge pain in the ass. I just wanna have

owning a home, I don't think of it as necessarily an asset. I think of it as like a store value because it typically grow much more than inflation. And so like do they view that as like an asset? Do they take care of it of like like an asset? Like I I just wanna know how they how they account for it in their in their net worth. There's so many fascinating things with owning these forty and fifty million dollar homes. I wanna know all about how they work. And frankly, I just wanna have a huge pain in the ass. I just wanna have

42:44

Like, do you tip the line landscape

Like, do you tip the line landscape

42:47

or do you not tip it? I was like, dude, who cares about all these details, man? I don't know who bought it. They get rich? What does it look like? And how can I get one? Those are my four questions.

or do you not tip it? I was like, dude, who cares about all these details, man? I don't know who bought it. They get rich? What does it look like? And how can I get one? Those are my four questions.

42:56

I'm about that too, man. I just I'm always curious about how that works. Because in in in New York, you see it like crazy. You see people buying twenty, thirty million dollar homes. And there's, you know, it's another shocking thing is how many of them there are. There's so many of them. I read this blog called mansion global, and they always talk about like different mansions that are being bought and sold.

I'm about that too, man. I just I'm always curious about how that works. Because in in in New York, you see it like crazy. You see people buying twenty, thirty million dollar homes. And there's, you know, it's another shocking thing is how many of them there are. There's so many of them. I read this blog called mansion global, and they always talk about like different mansions that are being bought and sold.

43:13

In New York, there's just so many of them. In San Francisco, there's not that many twenty thirty, forty million dollar purchases. In New York, it's constant. And it's like a fucking condo. It's crazy.

In New York, there's just so many of them. In San Francisco, there's not that many twenty thirty, forty million dollar purchases. In New York, it's constant. And it's like a fucking condo. It's crazy.

43:24

Yeah. I I think I told you this once, but,

Yeah. I I think I told you this once, but,

43:27

When I was working with Michael Birch, he put up his he he it's for sale right now. I think. He put up his house in San Francisco.

When I was working with Michael Birch, he put up his he he it's for sale right now. I think. He put up his house in San Francisco.

43:34

And so,

And so,

43:36

I think for Sam's for, like, three years. Right? I think I was at his house. And he said, yeah. I was like, you're gonna sell this place? And he's like, yeah. To sell it. I was like, so you bought this for, like, thirty million dollars. He's like, yeah. I was like, the the highest purchase at that time, I think, in San Francisco.

I think for Sam's for, like, three years. Right? I think I was at his house. And he said, yeah. I was like, you're gonna sell this place? And he's like, yeah. To sell it. I was like, so you bought this for, like, thirty million dollars. He's like, yeah. I was like, the the highest purchase at that time, I think, in San Francisco.

43:48

And he's like, I was like, whoa. I was like, was that

And he's like, I was like, whoa. I was like, was that

43:52

like do you overpay? Are you gonna have to sell, are you gonna take a big loss on this? Or why? He's like, no. I don't think so.

like do you overpay? Are you gonna have to sell, are you gonna take a big loss on this? Or why? He's like, no. I don't think so.

43:56

And so he and then when he came out, listen, he listed for fifty million dollars, which it didn't sell a shit. But,

And so he and then when he came out, listen, he listed for fifty million dollars, which it didn't sell a shit. But,

44:02

but, you know, that's kind of like the the range here. And I was like, how do you even sell a house like this? You know, like, what what it's a process? Do you just put it on the MLS. Like, do you have open houses on Sundays? Are you talking from hand off flyers?

but, you know, that's kind of like the the range here. And I was like, how do you even sell a house like this? You know, like, what what it's a process? Do you just put it on the MLS. Like, do you have open houses on Sundays? Are you talking from hand off flyers?

44:14

And so he was like, no. Actually, this is, one of the ideas I wanted to talk to you about, like,

And so he was like, no. Actually, this is, one of the ideas I wanted to talk to you about, like,

44:19

I'm thinking, like, what if we made a service for buying and selling these, like, only homes that are worth ten million dollars or more? He's like, because it breaks the traditional model. Like, you shouldn't pay six percent commissions to an agent when the when the purchase price is

I'm thinking, like, what if we made a service for buying and selling these, like, only homes that are worth ten million dollars or more? He's like, because it breaks the traditional model. Like, you shouldn't pay six percent commissions to an agent when the when the purchase price is

44:33

twenty million or thirty million dollars. Is that how much they pay? Well, that's just, like, it's the standard real estate model. Is that right? Is the five or six percent? And Michael goes and, like, tries to negotiate in there, like, you know, our paperwork already says six percent. Like, it's gonna be a hassle to, like, change that six to a one. I'm gonna have to hire somebody for the social media. And it's like, you play

twenty million or thirty million dollars. Is that how much they pay? Well, that's just, like, it's the standard real estate model. Is that right? Is the five or six percent? And Michael goes and, like, tries to negotiate in there, like, you know, our paperwork already says six percent. Like, it's gonna be a hassle to, like, change that six to a one. I'm gonna have to hire somebody for the social media. And it's like, you play

44:53

four thousand a month. Like, what are you talking about here? I'm like, it's like, look, I didn't make up the rules. I just thought them up and wrote them down. You know, like So we just so he wanted to make a thing that was a service for only selling homes that are ten million or more. It's a it's a flat one percent commission. That's

four thousand a month. Like, what are you talking about here? I'm like, it's like, look, I didn't make up the rules. I just thought them up and wrote them down. You know, like So we just so he wanted to make a thing that was a service for only selling homes that are ten million or more. It's a it's a flat one percent commission. That's

45:08

it. Because we could do one percent on a twenty million dollar home, and it's it's pays for the actual service that was done by the person who's doing it. He goes second,

it. Because we could do one percent on a twenty million dollar home, and it's it's pays for the actual service that was done by the person who's doing it. He goes second,

45:16

it's

it's

45:18

One broker, not two. So you have,

One broker, not two. So you have,

45:21

you know, you you're basically the you're gonna take both sides. He goes, no open houses because, like, people just wanna walk through my house. They're not serious buyers. So, basically, anybody who does the the open house tour, there's like on the website itself, you'd be, like, almost like an accredited investor. It's like, you need to show that you are able to buy homes of this caliber in order to get access to the open houses.

you know, you you're basically the you're gonna take both sides. He goes, no open houses because, like, people just wanna walk through my house. They're not serious buyers. So, basically, anybody who does the the open house tour, there's like on the website itself, you'd be, like, almost like an accredited investor. It's like, you need to show that you are able to buy homes of this caliber in order to get access to the open houses.

45:41

I actually toured Michael's home. I was one of those people. I I I saw that they were having finger sandwiches.

I actually toured Michael's home. I was one of those people. I I I saw that they were having finger sandwiches.

45:47

Mud all up on your shoes. Yeah. Look at all free sandwiches.

Mud all up on your shoes. Yeah. Look at all free sandwiches.

45:52

When I got there, I was so Kinda keep on the yeah. The sandwich. I was like, what? No ham?

When I got there, I was so Kinda keep on the yeah. The sandwich. I was like, what? No ham?

46:00

So so he's like, you know, that's one gonna be one difference. And then,

So so he's like, you know, that's one gonna be one difference. And then,

46:04

he's like, you know, the the or he's like, the the broker's commission on top of the one percent is just a tip based on how you felt the service was. Like, if you felt like you were taking really good care of, then you can optionally tip.

he's like, you know, the the or he's like, the the broker's commission on top of the one percent is just a tip based on how you felt the service was. Like, if you felt like you were taking really good care of, then you can optionally tip.

46:16

And so he had like this whole plan and he's like he's like figure out how many of these houses sell a year. So I did some analysis and I was like, oh, there's, you know, I forgot it now. It's like seven or eight years ago, but It was like -- thousands. Yeah. It was like there's like, you know, five thousand or ten thousand homes like this sold per year.

And so he had like this whole plan and he's like he's like figure out how many of these houses sell a year. So I did some analysis and I was like, oh, there's, you know, I forgot it now. It's like seven or eight years ago, but It was like -- thousands. Yeah. It was like there's like, you know, five thousand or ten thousand homes like this sold per year.

46:32

Okay. So you back that out. Average home, let's say, is fifteen million. That's in this category. So that's x hundreds millions of, of it was like in the hundreds of millions of sales you know, so then your one percent commission would be x.

Okay. So you back that out. Average home, let's say, is fifteen million. That's in this category. So that's x hundreds millions of, of it was like in the hundreds of millions of sales you know, so then your one percent commission would be x.

46:44

And,

And,

46:45

like, okay, how would you take the market? Oh, these are all your friends. Okay. That makes sense. We could get the first hundred hundred people just out of your network. That makes sense. We never pulled the trigger. I think we should have.

like, okay, how would you take the market? Oh, these are all your friends. Okay. That makes sense. We could get the first hundred hundred people just out of your network. That makes sense. We never pulled the trigger. I think we should have.

46:56

Because I thought it was a great idea. In fact, I had a whole brainstorm with them, which is just like You know, what are the one percenter problems? Like, tell me the the, like, I got, you know, my problems sound like, I can't even speak about my problems because they sound too privileged.

Because I thought it was a great idea. In fact, I had a whole brainstorm with them, which is just like You know, what are the one percenter problems? Like, tell me the the, like, I got, you know, my problems sound like, I can't even speak about my problems because they sound too privileged.

47:10

Because they exist, and nobody's talking about them, and you know them.

Because they exist, and nobody's talking about them, and you know them.

47:14

We could build for them, and you know all the people that are in that group. So you could, like, kind of help bring those people on board of whatever service we we make.

We could build for them, and you know all the people that are in that group. So you could, like, kind of help bring those people on board of whatever service we we make.

47:23

So,

So,

47:24

so yeah, that that was, I think, a a good brainstorm in general.

so yeah, that that was, I think, a a good brainstorm in general.

47:27

Dude, I think that's awesome. I think,

Dude, I think that's awesome. I think,

47:29

I can't decide if that would be a pain in the ass of people to work with or if it would be the best person to work with. You know, like, are they are they or are they not going to nickel and dime you? If no, then, yeah, it could be awesome.

I can't decide if that would be a pain in the ass of people to work with or if it would be the best person to work with. You know, like, are they are they or are they not going to nickel and dime you? If no, then, yeah, it could be awesome.

47:42

Well, I don't think it's necessarily about nickel and diming, but this is how I feel about businesses that are based around influencers.

Well, I don't think it's necessarily about nickel and diming, but this is how I feel about businesses that are based around influencers.

47:50

It sucks doing an influencer based business.

It sucks doing an influencer based business.

47:53

Because you are pretty much always groveling

Because you are pretty much always groveling

47:56

at the feet of these people who they should take your offer. It's in their best interest, but they are just busy, and they have too many offers, and they know care.

at the feet of these people who they should take your offer. It's in their best interest, but they are just busy, and they have too many offers, and they know care.

48:03

And even if they say yes, then they'll just flake on you. Even if they say yes, when it comes time to post the thing, it'll be done half done, and like, oh my god. This is, like, we really needed this to work.

And even if they say yes, then they'll just flake on you. Even if they say yes, when it comes time to post the thing, it'll be done half done, and like, oh my god. This is, like, we really needed this to work.

48:15

This was imp really important to our business. And, like, you know, it's so difficult to do stuff like that. Of course, when it works, it works. Right? Like, you know, you build one of the, you know, you build the whiskey brand with Connor McGregor, or you,

This was imp really important to our business. And, like, you know, it's so difficult to do stuff like that. Of course, when it works, it works. Right? Like, you know, you build one of the, you know, you build the whiskey brand with Connor McGregor, or you,

48:27

you know, you do the honest company with Jessica. Like, you could make it work for sure, but I hate influencer based businesses. I remember,

you know, you do the honest company with Jessica. Like, you could make it work for sure, but I hate influencer based businesses. I remember,

48:34

I remember talking to a buddy who was building something around Twitch when we were both in the Twitch space And we're Twitch is basically, like, you know, there's a hundred streamers that matter. And if you can get them, everybody else will follow. And if you can't get them, it's very hard to make stuff work.

I remember talking to a buddy who was building something around Twitch when we were both in the Twitch space And we're Twitch is basically, like, you know, there's a hundred streamers that matter. And if you can get them, everybody else will follow. And if you can't get them, it's very hard to make stuff work.

48:48

And I go, I'm like, I'm like talking to him over over dinner. I'm like, what about this strategy? What about this strategy? What about this pivot? And he just

And I go, I'm like, I'm like talking to him over over dinner. I'm like, what about this strategy? What about this strategy? What about this pivot? And he just

48:55

he looked me down. I'll never forget it. Because

he looked me down. I'll never forget it. Because

48:58

I heard this, and I ended up pivoting my business because this just rang in my ears for so long. He goes,

I heard this, and I ended up pivoting my business because this just rang in my ears for so long. He goes,

49:03

I'm just tired of sucking dick, man.

I'm just tired of sucking dick, man.

49:07

And I just met this person. I know this this is like my friend. This is only a met for a business meeting, and he said this to me And I go, what? And I I asked him what? And then I immediately knew exactly what he was talking about. It's the thing I've been doing for the last year, which was basically, going and trying to get these, like, twenty people who really, really mattered to just, like, watch our demo, to, like, just say yes, to, like, just partner with us and, like, just agree to take our money to promote our thing.

And I just met this person. I know this this is like my friend. This is only a met for a business meeting, and he said this to me And I go, what? And I I asked him what? And then I immediately knew exactly what he was talking about. It's the thing I've been doing for the last year, which was basically, going and trying to get these, like, twenty people who really, really mattered to just, like, watch our demo, to, like, just say yes, to, like, just partner with us and, like, just agree to take our money to promote our thing.

49:33

And I was like, she's right. I hate this. I really, really hate this. And we pivoted like three months later because I was like, This is terrible. This is a terrible style of business to build. Well, thank you Katie for bringing us to this topic. The curious case of Katie Hahn,

And I was like, she's right. I hate this. I really, really hate this. And we pivoted like three months later because I was like, This is terrible. This is a terrible style of business to build. Well, thank you Katie for bringing us to this topic. The curious case of Katie Hahn,

49:47

Yeah. Do I need to play the sound again? No. Okay. Dude, you're gonna get DMs about this. So, well, I'm sure we're gonna have a follow-up. Dude, Andrewston already hates me, man. They Why did they hate you? Mark blocked me again. You blocked me first for the clubhouse thread, which, by the way,

Yeah. Do I need to play the sound again? No. Okay. Dude, you're gonna get DMs about this. So, well, I'm sure we're gonna have a follow-up. Dude, Andrewston already hates me, man. They Why did they hate you? Mark blocked me again. You blocked me first for the clubhouse thread, which, by the way,

50:02

not only should it not have blocked me. Where's my Where's my apology? Where's I was right.

not only should it not have blocked me. Where's my Where's my apology? Where's I was right.

50:07

I called that shit. That was that was a bad investment. I was gonna fail. I called it.

I called that shit. That was that was a bad investment. I was gonna fail. I called it.

50:12

Okay. So, you know, he blocked me then that he unblocked me for some reason, and, you know, I got a second chance second lease on life. Why did he unblock you? Just think about that through his head. Like, What was he going through? His his going through his his settings and be like, oh, let's just someone sends someone in the firm sends the post the

Okay. So, you know, he blocked me then that he unblocked me for some reason, and, you know, I got a second chance second lease on life. Why did he unblock you? Just think about that through his head. Like, What was he going through? His his going through his his settings and be like, oh, let's just someone sends someone in the firm sends the post the

50:27

thread he clicks it. It says you can't view this. You have blocked the person. He's like, oh, fuck it. I unblocked this person. So, yeah, unblocked. That's the only thing I can imagine how I would even show back up on this radio. I don't know. Maybe just laying in bed going through his I was like, oh, I miss him. The one that got away? Yeah. Like, I wonder what he's doing it out. I wonder what he's up to now.

thread he clicks it. It says you can't view this. You have blocked the person. He's like, oh, fuck it. I unblocked this person. So, yeah, unblocked. That's the only thing I can imagine how I would even show back up on this radio. I don't know. Maybe just laying in bed going through his I was like, oh, I miss him. The one that got away? Yeah. Like, I wonder what he's doing it out. I wonder what he's up to now.

50:44

Do you think we're staring at the same moon right now? He's looking at the sixty five Indians who work for him, and he's just I just need one more.

Do you think we're staring at the same moon right now? He's looking at the sixty five Indians who work for him, and he's just I just need one more.

50:53

None of these are right.

None of these are right.

50:55

I wonder if I'm above six feet tall. I want a six foot tall one.

I wonder if I'm above six feet tall. I want a six foot tall one.

50:59

So I don't know what happened, but he unblock me. And then the other day,

So I don't know what happened, but he unblock me. And then the other day,

51:03

He blocked me again. I don't know what I did. I'm not I'm not even mentioning this guy. I think what I did was I I put out that tweet that I said, like, you know, this year, I've realized that, like, a lot the things that I thought were smart money, and you could just kinda follow them or just assume they know what's going on. Like, there is no smart money in this space. FTX, everybody thought was the the quant geniuses,

He blocked me again. I don't know what I did. I'm not I'm not even mentioning this guy. I think what I did was I I put out that tweet that I said, like, you know, this year, I've realized that, like, a lot the things that I thought were smart money, and you could just kinda follow them or just assume they know what's going on. Like, there is no smart money in this space. FTX, everybody thought was the the quant geniuses,

51:21

quant genius traders, the fucking dummies and scammers.

quant genius traders, the fucking dummies and scammers.

51:25

And then, you know,

And then, you know,

51:26

Chamato, Ben Spacks. This is the IPO two point o. Oh, this must be great. Oh, no. Spack collapse. You know, though, these are all But you didn't mention him. Lipstick on a pig. I did mention him.

Chamato, Ben Spacks. This is the IPO two point o. Oh, this must be great. Oh, no. Spack collapse. You know, though, these are all But you didn't mention him. Lipstick on a pig. I did mention him.

51:36

Oh, I didn't see it. You specifically named him.

Oh, I didn't see it. You specifically named him.

51:39

No. No. I didn't name him, and Marcus Reesen. I just said a sixteen z. Like, I got it. Whatever. I wasn't trying to pick on anybody. I was just saying like, yeah, you are. Most prestigious names,

No. No. I didn't name him, and Marcus Reesen. I just said a sixteen z. Like, I got it. Whatever. I wasn't trying to pick on anybody. I was just saying like, yeah, you are. Most prestigious names,

51:49

also make a bunch of bets that don't work out that part of their business model. This is what I was trying to say. It's part of their business model. You can't look at any one bet in isolation and say, well, if they did it, it must be it must be good, must be smart, must Like, they must know something I don't know. In fact, trust your own gut, trust your conviction, trust your research,

also make a bunch of bets that don't work out that part of their business model. This is what I was trying to say. It's part of their business model. You can't look at any one bet in isolation and say, well, if they did it, it must be it must be good, must be smart, must Like, they must know something I don't know. In fact, trust your own gut, trust your conviction, trust your research,

52:05

because, you know, you don't know their whole portfolio, you don't know the strategy, and they're gonna make mistakes. Part of, like, venture investing. So, like, you know, don't don't just assume because the really smart person who you like to listen to,

because, you know, you don't know their whole portfolio, you don't know the strategy, and they're gonna make mistakes. Part of, like, venture investing. So, like, you know, don't don't just assume because the really smart person who you like to listen to,

52:15

invest in this. That doesn't mean it's a good investment necessarily.

invest in this. That doesn't mean it's a good investment necessarily.

52:19

Do you think that having, like, being an asshole on the internet?

Do you think that having, like, being an asshole on the internet?

52:23

Like, I don't think you and I are assholes, but both of us sometimes get into it with a Di burritos.

Like, I don't think you and I are assholes, but both of us sometimes get into it with a Di burritos.

52:29

Do you think that we did my toes. Yeah. Just just a tip. Do you think that

Do you think that we did my toes. Yeah. Just just a tip. Do you think that

52:35

that is gonna bite us in the butt, or

that is gonna bite us in the butt, or

52:37

that it helps us, or should we just go the nice guy route? Like, like, I can think of a few guys who are assholes it's paid off for them or not assholes, but like like Scott Galloway

that it helps us, or should we just go the nice guy route? Like, like, I can think of a few guys who are assholes it's paid off for them or not assholes, but like like Scott Galloway

52:49

and Jason Galcanis

and Jason Galcanis

52:50

both

both

52:52

cause a fuss that get into it with people. And it's and I would say been a net positive for them. There's a few other examples where I can just say it just has ruined the reputation. But do you think and then there's other guys who, like, Jason Lemkin. Who did it ruin the reputation?

cause a fuss that get into it with people. And it's and I would say been a net positive for them. There's a few other examples where I can just say it just has ruined the reputation. But do you think and then there's other guys who, like, Jason Lemkin. Who did it ruin the reputation?

53:07

I don't know. I mean, there's people I follow. I'm like, oh, you're just a joke. And not even I don't even wanna mention them because,

I don't know. I mean, there's people I follow. I'm like, oh, you're just a joke. And not even I don't even wanna mention them because,

53:13

I I just don't wanna do that. But there's people who Because I I think of them.

I I just don't wanna do that. But there's people who Because I I think of them.

53:17

No. I definitely can. I'll tell you off air, but, like, I you I I messaged you one the other day where I'm like, this person I just it's they're working through some stuff. Okay. Gotcha.

No. I definitely can. I'll tell you off air, but, like, I you I I messaged you one the other day where I'm like, this person I just it's they're working through some stuff. Okay. Gotcha.

53:27

And anyway, I just think that, like, sometimes it hurts their reputation, but other times, it's, like, it's definitely been beneficial where there's guys, like, you know who Jason Lemkit is? I love Jason. He does disaster. Yeah. He's great. It just generally a positive person, and I never say he he he goes out of his way not to disrespect people. Another guy's Nathan Barry goes out of his way in nine out of ten times to not disrespect him, not disrespect people. The one time he called someone out, which was gumroad, was like, oh, well, come road must be bad because Nathan never is rude. Right. Do you think that being rude has its benefits, or are you gonna try and be like, the the nice guy?

And anyway, I just think that, like, sometimes it hurts their reputation, but other times, it's, like, it's definitely been beneficial where there's guys, like, you know who Jason Lemkit is? I love Jason. He does disaster. Yeah. He's great. It just generally a positive person, and I never say he he he goes out of his way not to disrespect people. Another guy's Nathan Barry goes out of his way in nine out of ten times to not disrespect him, not disrespect people. The one time he called someone out, which was gumroad, was like, oh, well, come road must be bad because Nathan never is rude. Right. Do you think that being rude has its benefits, or are you gonna try and be like, the the nice guy?

54:02

Both. I think

Both. I think

54:04

I think being a kinda call out artist has its benefits is very addictive.

I think being a kinda call out artist has its benefits is very addictive.

54:10

You could be right. You could be wrong. Kind of doesn't matter. You're provocative. People will pay attention to you. People will fight with you. It it def definitely draws attention. So if your goal is attention, it definitely works.

You could be right. You could be wrong. Kind of doesn't matter. You're provocative. People will pay attention to you. People will fight with you. It it def definitely draws attention. So if your goal is attention, it definitely works.

54:20

Having said that doesn't really generate a lot of pos like, positivity in your life and doesn't add a lot of value typically. Sure. Unless you'd go full on, like, a WWE character is what I consider like Sky Galloway to be,

Having said that doesn't really generate a lot of pos like, positivity in your life and doesn't add a lot of value typically. Sure. Unless you'd go full on, like, a WWE character is what I consider like Sky Galloway to be,

54:33

where they just, you know, hey, I'm gonna take this super strong stance. I'm gonna argue it. And, like, you know, if I'm wrong, like, the truths kind of the truth or accuracy is, like, sort of secondary. I wouldn't say it's not an important, but it's secondary. Like, the more important thing is to have, like, strong opinions, they get shared, they get read, they get commented on cause a debate because that's the,

where they just, you know, hey, I'm gonna take this super strong stance. I'm gonna argue it. And, like, you know, if I'm wrong, like, the truths kind of the truth or accuracy is, like, sort of secondary. I wouldn't say it's not an important, but it's secondary. Like, the more important thing is to have, like, strong opinions, they get shared, they get read, they get commented on cause a debate because that's the,

54:52

that's what makes,

that's what makes,

54:54

that's what makes that's what drives clicks. That's what drives followers, things like that. So

that's what makes that's what drives clicks. That's what drives followers, things like that. So

54:58

There's strategically, I see the advantage.

There's strategically, I see the advantage.

55:01

Life,

Life,

55:02

you know, like life EV. I think it's kinda net negative.

you know, like life EV. I think it's kinda net negative.

55:06

And,

And,

55:06

but I also don't think you should just be, like, mister NICE. We know a bunch of people that are like this that will talk mad shit and text messages to us.

but I also don't think you should just be, like, mister NICE. We know a bunch of people that are like this that will talk mad shit and text messages to us.

55:14

But they won't then publicly they'll suck up to those people. And it's like, that that is disgusting to me. That I actually judged the worst. I would rather, you know, just speak my mind, but sometimes realize that, like, you know, a, I'm wrong, you know, more often than I'm right. And, b, like,

But they won't then publicly they'll suck up to those people. And it's like, that that is disgusting to me. That I actually judged the worst. I would rather, you know, just speak my mind, but sometimes realize that, like, you know, a, I'm wrong, you know, more often than I'm right. And, b, like,

55:31

sometimes it's just not worth the hassle. Like, you just don't you don't need to say anything at all. You could just kinda go on with your day.

sometimes it's just not worth the hassle. Like, you just don't you don't need to say anything at all. You could just kinda go on with your day.

55:37

Is there any time that you've been rude to one on the internet and you've lost sleep over it?

Is there any time that you've been rude to one on the internet and you've lost sleep over it?

55:43

No. No.

No. No.

55:44

Really? Can't say this happened. That's

Really? Can't say this happened. That's

55:49

crazy to be. That's crazy to be. That you do that? You you feel bad. You feel guilty or something or what what happens?

crazy to be. That's crazy to be. That you do that? You you feel bad. You feel guilty or something or what what happens?

55:55

Yeah. Sometimes I'll say someone I'm like, oh, man. I I I was too rude. I came off bolder. I'll question it. Like, I'll say, that was maybe a bit much or, like,

Yeah. Sometimes I'll say someone I'm like, oh, man. I I I was too rude. I came off bolder. I'll question it. Like, I'll say, that was maybe a bit much or, like,

56:04

you know, I should've just stayed out of it or whatever, but it I don't like, I just lose sleep just sounds so serious.

you know, I should've just stayed out of it or whatever, but it I don't like, I just lose sleep just sounds so serious.

56:10

Like, for example, when I wrote that club out, you read? Serious. When I wrote that club out, I remember getting a message from,

Like, for example, when I wrote that club out, you read? Serious. When I wrote that club out, I remember getting a message from,

56:16

I won't say their name, but somebody I I respect, I admire somebody super smart, and somebody who's kind of, like, you know,

I won't say their name, but somebody I I respect, I admire somebody super smart, and somebody who's kind of, like, you know,

56:22

loosely affiliated with that. The, you know, the, like, the project.

loosely affiliated with that. The, you know, the, like, the project.

56:25

So,

So,

56:27

and they were like, oh, man, this Twitter thread, like, you know, I'm torn. On one hand,

and they were like, oh, man, this Twitter thread, like, you know, I'm torn. On one hand,

56:32

amazing storytelling, and I think you might be right.

amazing storytelling, and I think you might be right.

56:36

On the other hand,

On the other hand,

56:37

I don't really like you know, tearing down like a startup, like, you know, startups are, you know, small, fragile things. Like, you know,

I don't really like you know, tearing down like a startup, like, you know, startups are, you know, small, fragile things. Like, you know,

56:44

I don't really like tear downs in general. We should be building each other up.

I don't really like tear downs in general. We should be building each other up.

56:49

But, like, you know, this was, you know, whatever. This was, like, it was super interesting the way you wrote it. And,

But, like, you know, this was, you know, whatever. This was, like, it was super interesting the way you wrote it. And,

56:54

and I was, like, yeah, I think that's right. Like, I think that's a fair think that's a really fair point to, like, you know,

and I was, like, yeah, I think that's right. Like, I think that's a fair think that's a really fair point to, like, you know,

56:59

I have nothing against them. I felt like I wanted it. I was not like I was rooting for it just to fail or anything like that. I just thought this is what might happen based on my previous experience in the space. And I thought this is how it might play out, and I just wrote it, and I just sent it. And I thought, oh, you know, there's something to that, you know, I don't really wanna

I have nothing against them. I felt like I wanted it. I was not like I was rooting for it just to fail or anything like that. I just thought this is what might happen based on my previous experience in the space. And I thought this is how it might play out, and I just wrote it, and I just sent it. And I thought, oh, you know, there's something to that, you know, I don't really wanna

57:15

You know,

You know,

57:16

even though I know I could make it my thing to be the teardown guy,

even though I know I could make it my thing to be the teardown guy,

57:22

I don't like where that leads me. Right. Right. Right. That's a that's a I don't wanna corner myself in that area. So you know what? Like,

I don't like where that leads me. Right. Right. Right. That's a that's a I don't wanna corner myself in that area. So you know what? Like,

57:30

let's just what I'll often do is say it. I'll say it. I was like, let me see how that goes. Let me see how I feel about that. And maybe later, I'll say, you know what? I should've just stayed out of it or I shouldn't have said that or that was too harsh or whatever.

let's just what I'll often do is say it. I'll say it. I was like, let me see how that goes. Let me see how I feel about that. And maybe later, I'll say, you know what? I should've just stayed out of it or I shouldn't have said that or that was too harsh or whatever.

57:40

And, okay, lesson learned, but I just gotta move on from it. I don't really, like, you know, dwell on it. It's like, I'm okay floating, you know, like, it's a trial balloon. It's like, let me just put that out there. Do this with ideas all the time too. I'll be like, I wanna do x. Anybody wanna work on this with me? And then people will DM me. I'll be like,

And, okay, lesson learned, but I just gotta move on from it. I don't really, like, you know, dwell on it. It's like, I'm okay floating, you know, like, it's a trial balloon. It's like, let me just put that out there. Do this with ideas all the time too. I'll be like, I wanna do x. Anybody wanna work on this with me? And then people will DM me. I'll be like,

57:56

you know, after I see how kind of, like, the first three days went and I kind of slept on the idea a little bit. Like, no, I'm I'm just not doing that. And I think people find that very strange. And, like, but for me, I'm like, oh, this is like an experimental platform. Like, I'm not, like,

you know, after I see how kind of, like, the first three days went and I kind of slept on the idea a little bit. Like, no, I'm I'm just not doing that. And I think people find that very strange. And, like, but for me, I'm like, oh, this is like an experimental platform. Like, I'm not, like,

58:10

I don't know. It's not that serious. It's okay to, like, say something and change your mind.

I don't know. It's not that serious. It's okay to, like, say something and change your mind.

58:15

You know, based on, you know, further reflection or information, that's okay.

You know, based on, you know, further reflection or information, that's okay.

58:20

Like, when you tweet it out that you're gonna put x amount of your net worth into crypto and then someone automatically wrote an article about it. And you're like,

Like, when you tweet it out that you're gonna put x amount of your net worth into crypto and then someone automatically wrote an article about it. And you're like,

58:28

Well, you know, like, there's it's a discussion.

Well, you know, like, there's it's a discussion.

58:31

No. No. I did that one. But maybe that's something, like,

No. No. I did that one. But maybe that's something, like,

58:34

this happens all the time. People could tell you when they buy. They don't usually tell you when they sell. And or they don't tell you if they hold. Right? Like, they don't tell you in either direction. So people make a whole lot of assumptions about things,

this happens all the time. People could tell you when they buy. They don't usually tell you when they sell. And or they don't tell you if they hold. Right? Like, they don't tell you in either direction. So people make a whole lot of assumptions about things,

58:45

Like, you know, somebody told me, I remember. Somebody told me the stock was great, and then, like, turned out to be dog shit. I was like, oh, man, we we got busted on that one. He's like, no, I sold the, like, I

Like, you know, somebody told me, I remember. Somebody told me the stock was great, and then, like, turned out to be dog shit. I was like, oh, man, we we got busted on that one. He's like, no, I sold the, like, I

58:55

I was like, dude, where was my message for that? Like, you know?

I was like, dude, where was my message for that? Like, you know?

58:58

You only told me the buy part.

You only told me the buy part.

59:02

Alright. And I I think that was a that was a lively discussion. Was that is that the pod or you wanna do one more?

Alright. And I I think that was a that was a lively discussion. Was that is that the pod or you wanna do one more?

59:08

No. That's the pod. Let's I have a bunch of other topics, but that We'll have to save them for Monday. We have a bunch of cool people. We have Austin Reef from Morningbrew coming on.

No. That's the pod. Let's I have a bunch of other topics, but that We'll have to save them for Monday. We have a bunch of cool people. We have Austin Reef from Morningbrew coming on.

59:17

Formerly, my nemesis, now one of my great friends, is it coming on? These are the cool people that are coming on.

Formerly, my nemesis, now one of my great friends, is it coming on? These are the cool people that are coming on.

59:23

Go.

Go.

59:24

We have a bunch of people here. This photo, by the way. Austin, Salhil. These are our friends. We we make fun of each other all the time. And,

We have a bunch of people here. This photo, by the way. Austin, Salhil. These are our friends. We we make fun of each other all the time. And,

59:32

you know,

you know,

59:33

it's just a it's just a competition because we who can who can get the right zing in on the other person,

it's just a it's just a competition because we who can who can get the right zing in on the other person,

59:38

at the right time? We have Austin. Do we have anyone else interesting coming up? We got the founder of whoop is coming on. We're gonna do another,

at the right time? We have Austin. Do we have anyone else interesting coming up? We got the founder of whoop is coming on. We're gonna do another,

59:48

millie, millie Awards, where we do our end of year awards with Andrew Wilkins in a, you know, the three year tradition now. And, I think that's that's kind of the most popular episode of the year. So so that one's coming up. And then early next year, we're having the return of Deer deck.

millie, millie Awards, where we do our end of year awards with Andrew Wilkins in a, you know, the three year tradition now. And, I think that's that's kind of the most popular episode of the year. So so that one's coming up. And then early next year, we're having the return of Deer deck.

01:00:03

Oh, my direct contact. Dude, Rob's been on a tear. I I I I I've we I think Jonathan booked him. We got in a little bit early. We're early on his podcast journey. I I take a lot of pride in that. He's been on he was on impulsive the other day, and I watch all of them, man. He's inspiring. The guy's awesome. He's great. It's a real deal. Alright. Cool. I'm looking forward to that. Alright. That's the pod.

Oh, my direct contact. Dude, Rob's been on a tear. I I I I I've we I think Jonathan booked him. We got in a little bit early. We're early on his podcast journey. I I take a lot of pride in that. He's been on he was on impulsive the other day, and I watch all of them, man. He's inspiring. The guy's awesome. He's great. It's a real deal. Alright. Cool. I'm looking forward to that. Alright. That's the pod.

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