Okay, Computer: Meet The New Bubble, Same As The Old Bubble with Rick Heitzmann

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RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 31 May 2023

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan is joined by Rick Heitzmann of FirstMark Capital. The AI mania continues, will history repeat itself a la the Dotcom crash (1:00)? OpenAI Closes $175 Million Startup Fund (23:00). How the bearish macro environment is impacting tech (29:00)? Further Reading Big Techs Become Even Bigger Winners. Shades of the Dot-Com Boom? This Economist Thinks a Recession Is Coming. It Could Be a Long One. View our show notes here Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Welcome to OK Computer. I am Dan Nathan. I'm joined by Rick Heitzman. He is the CEO and founder of First Mark Capital. Rick, welcome back to the pod.
0:09.7	Hey, Dan. How are you today? All right, we had a heck of a memorial day weekend. You had a son, a very fine son of yours graduated from a very fine school that one of my daughters goes to. Congratulations on that.
0:19.9	And moving on to school, another one of your daughters goes to. That's right. So there you go.
0:23.6	So, um, congratulations. Gee, there's your shout out, buddy. I mean, you're going to have to do
0:27.7	something fabulous to get another shout out on the pod. We got a lot to cover here. This is kind of
0:32.2	meta here. Okay. So we're doing this podcast and it feels like every podcast that I listen to, whether it's politics,
0:38.7	whether it's sports, whether it's markets. It seems like AI is just the thing, okay? And to me,
0:44.4	which is really funny, because you and I are about the same age, we're both a half a century here.
0:48.3	It seems like most of the sci-fi movies that dominated our childhood were about like machines
0:53.9	and learning and how they were
0:55.5	going to basically extinguish us.
0:57.1	The Terminator, all this stuff, the machines were going to take over and decide they don't
1:02.0	need the humans.
1:02.7	That's right.
1:03.3	But it's funny.
1:04.3	And I'm not even going to get into much of the regulation stuff because it seems like there's a lot of folks who are early on here who are really
1:10.9	worried about this stuff. This is one thing I probably agree with on Elon. Elon seems really
1:15.1	worried about a lot of this stuff too. But again, it seems like every pod that I listened to
1:20.5	this morning, the New York Times, the Daily, they had, you know, the Google guy who left.
1:24.7	And it just seems like again and again and again, Kara Swisher, the politics guys on Cricket Media they're talking about it. Even sports folks are talking about this
1:31.6	thing, man. You know, we talked about it a little bit as far as the data as it relates to,
1:35.9	so it's everywhere. Well, people are searching for the new thing, right? We talked about this last
	...

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