The Exchanges

Q I believe he told me that he invested in a company where If you are in L.A. and you call nine one one, the police will take however long to get there, let's say 20 minutes or something, because L.A. is really big, 30 minutes, uh, or even just 10 minutes, but they send out a drone right away to go and see what's going on. Have you seen that?

A Yeah, we, at A-X-Z, invested in a few of these companies, so they get there more quickly, but they also have a safety angle from the perspective of, you know, if someone calls nine one one, they're telling you something. Um, sometimes they're just reporting like, hey, I think there's this scary person, like, on the highway doing X, or I think there's a, someone in this alley and they have a gun. And the ability for these drones to not only get there more quickly, but to validate the statement and say, oh, actually, like, that's not a gun, that's a poster. In a, you know, in a tube or something. Like, that's, it, that changes their ability to actually react to the situation more safely as well.

AI assessment note: “Yeah, we, at A-X-Z, invested in a few of these companies”

Q What's wrong with doing it in like Massachusetts?

A Imagine Sam in the pitch meeting. They're like, okay, hear me out. Drugs in space. What about Massachusetts? So my understanding is that the way that some of these drugs are manufactured, the physics when you're on earth due to gravity and some of the other forces that don't exist in space results in you not being able to create certain chemical structures, and that impacts the way that drugs can be basically ingested or administered. And so there's That, I guess, immediate function of being able to create almost like drugs that exist today, but in different structures, but then there's the obvious future opportunity where you're then creating completely new compounds that could not be manufactured on Earth.

AI assessment note: “physics when you're on earth due to gravity... results in you not being able to”

Q not how it works. Like a computer can't just watch what I do on a screen and like automate me. And like the reality is apparently it can. And so I would love to actually play with some of these, uh, and maybe invest in companies that are doing RPA, but I haven't had a chance to do it much myself. Have you, do you know anything about UI path?

A Yeah. So like you said, they went public recently at, I think I just checked they're at a thirty two billion dollar valuation. So this is not, you know, chump change. This is a big company. But like you said, I think they're, they're focused more so on, on enterprises right now and figuring out just like the really common things that people do, perhaps it's like customer service or something like that. I think, you know, maybe this is just an interim solution, but there's always going to be things that, um, a human can spot more easily by just like literally shadowing someone, like sitting next to them for a day on zoom or in person. Um, that I think there still is this, um, gap that RPA, there's always going to be a delta between what RPA can tackle and, you know, the human exchange there. So I think there's still an opportunity for you to go hire like a chief automation officer or someone.

AI assessment note: “they went public recently at, I think I just checked they're at a thirty two billion”

Q avoid. But I do, I do think productivity matters. Um, and you know, I just don't like to build tools in that space, but okay. I like that. Uh, that's pretty cool. And what about, what, what is it about your philosophy? Do you have anything in your philosophy around either building or, um, or investing that is different than me or Sam or what you've heard us talking about?

A That's a good question. Anything different than what you and Sam have talked about. I don't know. I think that, so I basically take that like investing approach of Sam. I also think that like one of the things that I've done, which maybe I think you did as well, you build the podcast in this way, but I don't see enough people doing is a lot of people think that they either need to find it go binary in the sense of like, I need to quit my job and build something, or I need to just like do my job. And, and, you know, one day I'll build a company. I actually think that the hybrid approach is possibly the best approach because you have the complete financial stability through your job. Right. And so you don't need to worry about that, which means you can go and be really risky, really creative and really authentic with anything that you build on the side, because you're not worried about like, oh, how do I convert these people today? Or how do I make sure I have dinner on the table? And so that's what I don't see enough creators doing. They think they need to go like full Zuckerberg, drop out of school and, you know, scale business right away. And when I see a lot of indie hackers that do that, they burn out real quick because they're like, this isn't even fun anymore. And I also like, I thought I could make money in three months and I can't. So I think maybe that's not Different t…

AI assessment note: “maybe that's not Different to what you and Sam have done”

Q So there is a, there is a brand for that?

A I don't know if it's a brand. I saw it on Walmart, so I think they actually just partnered with KFC, but I love this idea of actually speaking of David's tea. If anyone's listening, I know sometimes we talk about like really broad topics, but something you could actually start today is this thing called butterfly pee tea, which is basically, I used to drink this stuff every day in Thailand, and it's this tea that probably costs like 10 cents to actually make, and you put it in your tea. It makes your tea bright blue, and then you're sitting there, and it actually tastes pretty good. You add a little bit of lemon juice, and it turns bright purple, and it's just this, like, kind of quirky, viral thing. I think someone today could go source a bunch of butterfly pee tea from Thailand, or wherever you originally get it, create an Instagram-focused business around this, and it would be just like the KFC log, where it would just be, like, this initial thing, you get a quick hit, and then you build out a tea business around that.

AI assessment note: “I don't know if it's a brand. I saw it on Walmart”