China

“So the average, yeah, the average is about seven or eight. I'm saying in the summers, we would have kids that would pay us like four or five grand, and then we would have in the fall, we would have people that would pay us between seven to 12,000 dollars on av…”

“Right now, we're about 20 to 20 to 23 dollars manufactured and landed here in our warehouse from China.”

“The stuff in China, it's regional based, but, ah, a lot of that, ah, power that's being generated is coming from thermal coal. So and China is, is more concerned about environmental issues these days. So that's the reason why a number of the miners are getting…”

“They're paying us fifty million dollars and 10% royalties, and they've been investing hundreds of millions of dollars into the facility of the building in China, and China is five percent of the global market of diabetes, so the value that they gave us, this f…”

“So we got thirty million dollars out of the 50. We should be getting a few more millions this year, and some of it earlier next year as well.”

“So I think there's a little bit of a bias in the United States about anything which is China derived.”

“So what we ended up doing is taking those two salaries and opening an office in Chengdu, China. And we were able to legally open an office and hire six developers with over 10 years of experience with those two salaries.”

“Now we're getting more from a capitalist society, switching more to socialist. We're doing more wealth redistribution than wealth creation. And what you're seeing is a lot of wealth creation and not a lot of wealth redistribution happening in China and other c…”

“Demographically China is basically doing what the U.S. Did, you know, 50 years ago, right? They've got a much younger population and kind of the way that they're growing.”

“China wins. And that this was not like, this wasn't the case after nine, 11 in the financial crisis. Like after both of those, the U S stepped up, right? The U S like had everyone else's back, but this is A, like we're just feeling it's very de-globalized bec…”

“I believe you're going to see a mass exodus of a lot of companies who used to have supply chains in China, moving out of China. I think you're gonna see China's GDP get hit very, very hard from this.”

“China over the past couple of years, you've actually seen about 300% in terms of debt to GDP ratio. We're only at called 104 105%.”

“I don't see China actually threatening the U.S. When it comes to them surpassing our GDP by 2030.”

“Every other country is incentivized to devalue their country because, or devalue their currency because when they do that, guess what happens? If I'm China and I devalue my currency because there's no peg. Nathan Latka: Goods get cheaper, right? Preston Pysh: …”

“So like, I would tell you in the 2017 timeframe, you had an enormous amount of the hashing power coming out of China. Today, I would argue you have a, you've had a massive shift of hashing power come into the North America region.”

“And if China is going to devalue the currency, which they will devalue their currency, right?”

“If Elizabeth Warren or anybody breaks up Amazon or Google or the giant AI companies, or Microsoft for that, that, that, that matter, effectively by doing that, you seed AI superiority to China.”

“You know, we have our internal protocols there, and everyone knows that we don't do work in China internally, so we just blanket say no to it. Russia's the same way. We won't do work in Russia. And so, you know, we've got our policy about using this, using com…”

“So key opinion leaders that's really taken off in China. And now it's taken over here where it's like, Hey, it's not just an influencer. It's actually someone who is entitled to give an opinion on this specific product because they're an expert of that matter.”

“None of this before the pandemic was fully automated.”

“I remember Sam Altman put out you know, a call to buy a billion masks from China at 38 cents a piece because it was really hard to get masks.”

“25% of the goods that shipped from China to the U.S. Ship out of Yantian, and that port is down, its capacity is down 70% because there was an outbreak of COVID and staff got sent home.”

“China was half of our business, you know.”

“The hardest part is finding a supplier or a manufacturer that actually one wants to work with you and two can actually make your product and three can Is not in China.”

“Like we had a YouTube video released about Skiff in China on Friday that probably bumped our growth up 30% in three days.”

“A lot of founders in China grew up being under a different, very different regime. Their mentality is that let me grow it and let me take control of it. The investors are just, you know, capital money. They're debt. They're not equity.”

“Well, we, at the beginning, we were selling to the CRO and the CIOs but that was not sustainable because in China if you do a top-down approach, the sale cycle is very, very long. It takes months.”

“I mean typically, for example, if we, because actually we work with a wide range of suppliers for all the other the merchants from different markets, for example, if it's in China the other the take rate's actually quite quite, quite sad. We're talking about b…”

“None of our competitors provide their, any data from regions like China or Russia, Middle East, and we include all of these data in our databases as well.”

“The, I spent a lot of time in the nineties, you know, when it wasn't popular, I spent a lot of time in, in China, then got sort of a bit sort of burned by it. Started doing other things. So I wish I would have stuck a bit more with the Chinese business.”

“We went to China in 20, like around 18, I think, yeah, early 2018, and we met every manufacturer out there that can make a tracker, and we built the world's first, like, single-use, two-g tracker that we sold for 29 bucks.”