#AIS: Bestie AMA with Valor's Antonio Gracias
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 7 June 2022
⏱️ 99 minutes
🧾️ Download transcript
Summary
This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist
0:00 Antonio Gracias joins to talk: Tesla's early days, investing in Elon, macroeconomic outlook, ROIC, importance of energy independence, future of manufacturing, financial-ization of the P&L & more
22:35 Q: How has the poker game influenced your decision making in business and life?
29:33 Q: What was the scariest step of becoming a first-time fund manager?
32:34 Q: Crypto market unwinding & how it relates to the money supply
35:57 Q: Current pre-seed / seed valuations & metrics
38:58 Q: When investing in early-stage SaaS companies, how to find outliers?
42:11 Q: What would you do if dropped in the middle of Kansas at age 25 with no resources?
44:46 Q: Where will the next disruptions in industrial automation come from & how will the US hit economies of scale in semiconductor manufacturing
47:02 Q: Any plans for All-In Media?
50:02 Q: US strategy in the Russia/Ukraine War
54:19 Q: How have your first impressions changed as you've matured in your career, and whose first impressions have stood out to you the most?
58:29 Q: Are you interested in crypto micropayments?
1:00:55 Q: Biggest mistakes of your career that you've learned the most from?
1:09:54 Q: What impact could tech have on political discourse? What does a viable path forward look like?
1:15:36 Q: Are remote / distributed startup systems viable coming out of the pandemic?
1:19:41 Q: Advice for non-technical people trying to get into the startup world?
1:24:44 Q: Thoughts on the potential consumer credit crisis?
1:26:17 Lightning round: What problem do you most want to solve right now? All-In consortium? Can SMBs democratize their own labor supply? How to get more investors interested in hardware? Will this be a relatively short recession?
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Intro Music Credit:
https://twitter.com/yung_spielburg
Intro Video Credit:
Transcript
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| 0:00.0 | I'm going to leave. |
| 0:02.0 | Or like your winner tried. |
| 0:04.0 | A great man, David Sack. |
| 0:07.0 | I'm going to leave. |
| 0:09.0 | And I said we open-source it to the fans. |
| 0:12.0 | And they've just got a lot of reason. |
| 0:14.0 | Love you, Sack. |
| 0:15.0 | Queen of King. |
| 0:16.0 | I'm going to leave. |
| 0:18.0 | Antonio, Elon had a moment of reflection. |
| 0:22.0 | And he was talking about 2008. |
| 0:25.0 | He was talking about the imminent collapse. |
| 0:29.0 | As he felt it of SpaceX and Tesla at the same time in December 25th. |
| 0:34.0 | And he said there were just a handful of people who came out there |
| 0:38.0 | and put their careers on the line for him. |
| 0:40.0 | Your shelf and Steve Jervison specifically mentioned. |
| 0:43.0 | And it was an IRA. |
| 0:45.0 | And it was a particularly poignant moment for him. |
| 0:48.0 | He was getting a little choked up about it. |
| 0:50.0 | Tell us about that that you made in 2008. |
| 0:53.0 | And the potentially career ending bet for you |
| 0:57.0 | to bet in an electric car company at that moment. |
... |
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