This chapter explores the impact of tribalism on rational discourse and personal investment perspectives, particularly in the realms of sports, religion, and politics. The conversation shifts to insights gained from investing in the rapidly evolving AI sector, emphasizing the challenges and strategies employed amidst fierce competition. Personal anecdotes about past investment misses, such as Airbnb, are shared to illuminate the complexities of venture capital and the importance of learning from experience.
Kara and Scott discuss California governor Gavin Newsom's veto of the AI bill that divided Big Tech, and Trump Media co-founders dumping $100 million worth of stock. Then, JD Vance and Tim Walz face off, Donald Trump's latest comments hit new lows, and is Kamala Harris leaning into crypto? Plus, a peek at OpenAI's financials reveals massive gains, but bigger losses. Will that be a problem for investors? Our Friend of Pivot is Mike Maples Jr., co-founder of the VC firm, Floodgate, and author of the new book, "Pattern Breakers: Why Some Start-Ups Change the Future." Mike talks about what makes for a successful start-up, and shares the story behind one of his biggest misses.
Follow Mike at @m2jr
Follow us on Instagram and Threads at @pivotpodcastofficial.
Follow us on TikTok at @pivotpodcast.
Send us your questions by calling us at 855-51-PIVOT, or at nymag.com/pivot.
Learn more about your ad choices. Visit podcastchoices.com/adchoices