Feb 20, 2021 · 1h 24m · allin
E23: Radical DAs, breaking down FB/Google vs. Australia, sustained fear post-vaccine & fan questions
David Sacks · 21m spoken Jason Calacanis · 21m spoken David Friedberg · 19m spoken Chamath Palihapitiya · 13m spoken
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In Episode 23 of the All-In Podcast, hosts Jason Calacanis, Chamath Palihapitiya, David Sachs, and David Friedberg establish new editorial guidelines for guest interviews before debating critical public policy issues, including San Francisco crime, news media regulation, and vaccine logistics. They also share forward-looking investment strategies, reflect on historic financial misses, and analyze looming macroeconomic risks such as inflation and national debt.
Statements from this episode (29)
Sachs: Vlad Tenev succeeded in Congress by saying nothing quotable
“He testified for five hours. And said nothing quotable, you know, which is pretty much the best you can do in that situation.”
Sacks challenges SF DA Chesa Boudin to a debate on crime
“Chesa, Mr. District Attorney, you don't have to come on the show, but I will challenge you to a debate. Anytime, any place, any format on your policies in San Francisco.”
Calacanis: Declaring non-prosecution signals weakness that hard-core criminals exploit
“If you say you are not going to prosecute crime, and you demonstrate to the hardest core faction of criminals that you don't prosecute, they're going to take advantage of that weakness, and that's what's happening.”
Sacks: Chesa Boudin abolished San Francisco's cash bail system in week one
“So first week on the job, just about he abolished the whole cash bail system.”
Sacks: Over 30 prosecutors left Chesa Boudin's office during his tenure
“In addition to these seven veterans he purged, over 30 prosecutors, which is about a quarter of the whole office, have left under his reign because they don't like working for him.”
Chamath: Polarizing political figures will become smarter over the next 20-30 years
“Over the next 20 or 30 years, these polarizing figures will become crisper, sharper, smarter.”
Friedberg: Criminal justice policy will inevitably cycle back to stricter enforcement soon
“We are inevitably going to cycle. Back the other way at some point very soon here.”
Chamath predicts LA Times will not exist within five years
“It's very likely that the Times in four or five years doesn't even exist.”
Friedberg: US produces and delivers 3 to 4 million vaccine doses daily
“The U.S. Has enough supply to vaccinate pretty much anyone that wants to get vaccinated, because we are producing and delivering three to four million doses per day in the U.S. Right now.”
Friedberg predicts people will fly without masks by June 2021
“It feels to me like we're probably May, June, when enough people are vaccinated that we can have, you know, a circumstance where people are going to fly without masks and be comfortable doing so.”
Friedberg: California has 4-5 million COVID vaccines in storage
“California's got like four or five million vaccines sitting in storage.”
Calacanis: United States has purchased 1.2 billion vaccine doses
“We now have bought 1.2 billion vaccines.”
Sacks predicts Gavin Newsom will be recalled over closures and crime
“And if these two things don't turn around, I think Gavin Newsom is going to get recalled.”
Calacanis predicts pandemic life will return to normal by April 2021
“I think it's April, David, to your point of when this goes back to normal”
Calacanis: US is reaching COVID-19 herd immunity based on infection and vaccination math
“So if you have thirty million people who've had the vaccine had COVID, you're looking at five times that is a 150, now you have sixty million people who have been vaccinated, we're at two 10, there were three hundred thirty million Americans, seventy million a…”
Friedberg predicts COVID-19 vaccine restrictions will drop within six weeks
“In six weeks, I think a lot of those restrictions are going to fall by the wayside because the supply is going to completely outstrip the nonsensical, you know, restrictions and prioritization methods we put in place”
Friedberg predicts US COVID-19 vaccine oversupply by May 2021
“We're going to be oversupplied by May. We are going to have far more shots and there will be demand.”
Friedberg predicts most goods will use biological manufacturing by 2050
“I think by twenty-fifty, you know, we should see most of our goods that are manufactured rather than being made in the traditional sense, which is basically old technology scaled up which is what the industrial revolution did but really shift to a new model of…”
Calacanis states his syndicate is on a $60M capital deployment run rate
“We are on a sixty million dollar run rate this year of deploy capital via the syndicate.”
Twitter blocked Sacks from a 2007 secondary share purchase via ROFR
“So back in 2007 I thought Twitter was going to take off. I had like a former employee who wanted to sell secondary. And so, you know, I had a deal worked out to buy, I think a couple 100,000 dollars of shares at, I don't know, a forty million dollar valuation …”
Chamath cancelled Airbnb investment over dispute with CEO Brian Chesky
“Airbnb at a billion, obviously, I actually did invest, I agreed to invest, but then I got into a huge public snafu with Chesky, because he was taking a bunch of money off the table, and then we ended up not even finalizing the investment.”
Chamath: Social Capital once held mid-single digits of all Bitcoin
“That's Bitcoin at one point, you know, we controlled low single digits, mid single digits of the entire float. And had I held on to that, that's talking about, you know, a mid deca billion dollar position.”
Chamath bought a $1.6M Tahoe plot with 2,800 Bitcoins in 2014
“I fished this article out, but in 2014, I was buying a land at Marta's camp in Lake Tahoe. And I told the sales guy there, Jeff Hall, I said, Hey, listen, I'll buy this lot. If you let me buy it in Bitcoin because I wanted to promote. Bitcoin as a transactiona…”
Chamath: Post-pandemic world will break into four or five major trading blocs
“So I think all of this sort of at the coming out of the pandemic, basically what you're going to have is like four or five major trading blocks in the world, right?”
Sacks: California has accumulated $1 trillion in unpayable pension obligations
“I mean, there's a California version of this where we've accrued a trillion dollars of pension obligations that we have no ability to pay”
Sacks predicts US dollar will eventually lose reserve currency status
“So, yeah, I mean, I think that eventually it translates into inflation, but I think it translates into something even worse, which is at some point people become skeptical about loaning money to the US government and the, because they don't want the US to be a…”
Friedberg: Medicine is on the verge of biological machine-based therapies
“We are actually on the precipice of creating machines, biologically engineered or designed cells, and proteins that can go into your body and do specific things and enhance your life and improve your health and solve, you know, disease.”