E7: California's collapse, how SPACs are opening the markets for growth stocks & more
All-In with Chamath, Jason, Sacks & Friedberg
All-In Podcast, LLC
4.0 • 10.4K Ratings
🗓️ 9 September 2020
⏱️ 76 minutes
🧾️ Download transcript
Summary
Follow the crew:
https://twitter.com/chamath
https://linktr.ee/calacanis
https://twitter.com/DavidSacks
https://twitter.com/friedberg
Follow the pod:
https://twitter.com/theallinpod
https://bio.fm/theallinpod
Bestie recommendations:
Chamath:
https://www.amazon.com/Americana-400-Year-History-American-Capitalism/dp/0399563792
Sacks:
https://taibbi.substack.com/
https://andrewsullivan.substack.com/
Friedberg:
https://www.amazon.com/Godfather-Mario-Puzo/dp/0451205766
Jason:
0:00 The gang recap their summers
6:43 Is California collapsing? Why or why not? Has the one-party system failed?
14:05 Understanding the bureaucratic side of California's problem
20:37 AB-5 & the working rights of freelancers
27:11 How would AB-5 passing impact Uber & Lyft's long-term profitability & consumer experience, could franchising fix this?
34:45 California lagging in police reform, what tactical steps could be taken to stop deadly policing
46:13 Chamath on the most important economic event of the last decade & why he is now bullish on the market
50:46 Why technology companies should be going public sooner, how SPACs are allowing retail investors access to growth stocks
1:01:23 Election talk - who is in the lead ahead of the first debate?
1:12:21 Bestie recommendations
Transcript
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| 0:00.0 | Hey everybody welcome back to the all-in-podcast besties have reunited. It's been a bestie summer. Tremoth. How are you doing? You're back in America? Yes? |
| 0:08.5 | I'm back in America. |
| 0:10.2 | Back in America feels great. Good summer. Yes. |
| 0:13.6 | I had any bread for summer. I had seven weeks in Italy. It was really incredible. |
| 0:18.8 | What is the vibe in Italy post-pandemic? Obviously they had the roughest of any nation. I think except for China and Wuhan. |
| 0:27.9 | With the COVID-19, how is the psyche there? No, it was incredible because they're so resilient. |
| 0:33.2 | They basically decided that they don't ever want to go through it again. |
| 0:36.8 | So everybody wore a mask and people socially distanced. There's lots of dinners outside. |
| 0:42.8 | No restaurants were really seating people indoors. You'd walk into a store and you'd have to put some |
| 0:49.2 | a purel on your hands and wear a mask. There was like 40-50 cases a day. |
| 0:56.2 | Then I keep looking at the news when I was there. It was just really sad. |
| 1:02.9 | Then on top of that, the riots, the fires. There's a... |
| 1:08.0 | It's been a disturbing summer here. How are you doing, David Saks? |
| 1:13.1 | You're back in San Francisco and you got to spend a little bit of time in an undisclosed location. |
| 1:18.0 | As we know from the last couple episodes of the podcast, |
| 1:21.2 | how is San Francisco right now? How has your bestie summer been? |
| 1:25.9 | It's been great. I guess I can now disclose that my close location was Mexico, specifically |
| 1:34.6 | Cabo. That was a great place to be for a couple of months. |
| 1:38.2 | There are nobody cares. |
| 1:43.6 | It was a great place to be in the early stages of the pandemic because everyone was wearing |
| 1:47.4 | a mask. They did take it really seriously. There were very few cases and seemed like it was |
| 1:52.8 | under control at least in the area I was. Then we came back to San Francisco for school, |
... |
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