Trove's Michael Katz, Spencer Pratt's Surge & GLP-1 | GCP 1004
Group Chat
Group Chat
4.8 • 1.5K Ratings
🗓️ 11 May 2026
⏱️ 89 minutes
🧾️ Download transcript
Summary
Group Chat News is back with the hottest stories of the week and a special interview with Michael Katz, founder of Trove and longtime mentor to Dee, to talk about the explosion of the trading card and collectibles space. Michael breaks down how Trove is reinventing pack opening as a digital experience with real graded cards, why physical assets are having a moment, and what's behind the cultural shift that put card ripping on the red carpet.
The guys go deep on the LA mayoral race and Spencer Pratt's surge, The market section tackles GLP-1 drugs as the biggest consumer shift in a generation, the collapse of junk food categories, the rise of Erewhon and Laurel Supply as the future of grocery, and the case for being long assets right now.
TROVE 20% OFF YOUR FIRST PURCHASE: Download the Trove app from the App Store or go to trove.xyz and use code DEEGEN20 at checkout. 20% off, one per person, up to $50 off.
Transcript
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| 0:00.0 | All right, Kathy's, happy Sunday. |
| 0:02.5 | Before we get into the news, there's a lot of news to talk about and talk about Mother's Day. |
| 0:08.1 | I want to bring on one of my very close friends who I think was on the pod years ago. |
| 0:15.6 | I think so. |
| 0:16.4 | Were you on the pod, Mike? |
| 0:17.3 | Yeah, yeah, yeah, yeah. |
| 0:18.1 | It'd be pre-COVID, maybe even. |
| 0:20.3 | Definitely. |
| 0:22.7 | A good friend from New York, Michael Katz. |
| 0:26.2 | You know, before we get into like what you're building, which is really exciting in the collectibles |
| 0:31.2 | and trading card space, you know, I treat Michael as not only just a really good friend, |
| 0:37.2 | but like someone I look up to, a mentor, |
| 0:40.4 | and someone I probably spend the absolute most amount of time with. |
| 0:44.6 | Definitely. |
| 0:46.7 | So I'm in New York nearly every single week. |
| 0:50.0 | And where I stay and where Michael lives is relatively close and the areas. |
| 0:57.5 | And inevitably, I hang out with Michael and Nahal, one of my earliest investors in Ghost. |
| 1:04.7 | And we spend a lot of time not only talking about work, family, personal stuff. And I really, really view you as a mentor, |
| 1:13.9 | Michael. And I appreciate everything you've done for me personally. So I'm excited to hear, |
| 1:19.1 | you know, I know what you're building, but I'm excited to share with the world what you're |
| 1:22.6 | building because it's very exciting. And I think what's also interesting is like, |
| 1:26.8 | you've had this like pretty successful career as a founder. And I think what's also interesting is like, you've had this like pretty |
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