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 Adena Hefets breaks down the state of the US housing market in 2022 16:56 Bestie Q&A with Adena: differences between 2008 and 2022, housing market reaction time, chances of a collapse, and more 30:08 Adena does a Bestie Intro for herself! Follow Adena: https://twitter.com/adenahefets Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect

First up, Jason and Molly cover TikTok's recent patents that indicate it might be going after Spotify (2:23). Then, the duo breaks down a recent WSJ report about VCs giving conflicting advice to founders. (18:05) After the news, J+M are joined by Redfin CEO Glenn Kelman and Divvy Homes CEO Adena Hefets for an in-depth break down of the current US housing market. (33:36) WSJ article: https://www.wsj.com/articles/silicon-valley-lurches-between-deep-cuts-and-bold-spending-11659268801 (0:00) Jason and Molly tee up today's topics and guests! (2:23) TikTok might be going after Spotify's music streaming business with "TikTok Music" (16:45) Policygenius - Go to https://policygenius.com to get a free life insurance quote (18:04) Jason and Molly break down a WSJ report about conflicting advice that VCs are giving to founders re: approaching the current downturn; Jason debuts his "Cash vs. Profitability Matrix" (32:04) Notion - Get $250 off by using code TWIST at https://notion.so (33:36) Redfin CEO Glenn Kelman and Divvy Homes CEO Adena Hefets join and break down their businesses before getting into how a 2022 housing downturn might be different from 2008 (41:36) Prometheus - Go to Prometheusalts.com or download it on the App Store and use the access code TWIST to sign up (43:09) Institutional buyers' impact on housing supply, pandemic migration impact on local inflation, new construction outlook (1:08:36) Rental market outlook, commercial real estate's grim projections

New format! Jason evaluates some prior Next Unicorns company's performances since the CEO appeared on the podcast (2:06), and contextualizes the fundraising market throughout the past three years. Then, Jason wraps the show by answering listener questions! (48:18) (0:00) Jason tees up today's new Next Unicorns format! (2:06) Jason shares some thoughts on why he started The Next Unicorns series and tees up some of the most successful companies over the first three seasons (5:32) E971: Checkr CEO Daniel Yanisse (10:37) E987: Upgrade CEO Renaud Laplanche (13:59) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist  (15:29) E992: former Expanse CEO Tim Junio (23:14) LinkedIn Marketing -  Get a $100 LinkedIn ad credit at LinkedIn.com/nextunicorn (24:51) E998: Benchling CEO Saji Wickramasekara (28:32) E1089: Insitro CEO Daphe Koller (33:26) Kalshi - Sign up at https://kalshi.com/twist and receive $25 after trading your first 100 contracts (34:57) E1098: Cockroach Labs CEO Spencer Kimball (38:19) E1113: Loom CEO Joe Thomas (43:02) E1246: Divvy Homes CEO Adena Hefets (48:18) Ask Jason: 2023's "Why now?", Jason's favorite qualities in a founder and person, greatest acquisitions of all time FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1

Molly Wood breaks down some shakeups in the self-driving space: TuSimple fired its CEO and is being probed by the FBI and SEC (1:40), and Argo AI has shut down after raising ~$2.6B. (8:50) Then, Divvy Homes CEO Adena Hefets joins the podcast to break down the state of the housing market and share thoughts on last week's hit piece. (14:09) (0:00) Molly tees up today's segments! (1:40) TuSimple CEO fired, company probed by FBI, SEC (8:50) Argo AI shuts down (12:45) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (14:09) Adena Hefets joins Molly Wood to discuss the Fast Company article covering her startup Divvy Homes last week (25:17) Grammarly - Sign up for a free and get 20% Grammarly Premium at https://grammarly.com/TWIST (26:49) Operating a business where the stakes are high (homeownership, healthcare, etc) (31:17) Adena breaks down the state of the US housing market (35:14) Athletic Greens - Get 1 year of Vitamin D free and 5 free travel packs with your first purchase at athleticgreens.com/twist (36:34) State of debt markets, operating in different interest rate environments, different capital structures, taking advantage of low-interest rates FOLLOW Adena: https://twitter.com/adenahefets FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1

J+M cover Brad Gerstner's letter to Zuck and three-point plan to boost Meta's FCF 2x (7:04), an NFT project located at the Fyre Fest island (33:19), and a hit piece on Divvy Homes and its CEO, Adena Hefets. (39:38) (0:00) J+M tee up today's topics! (2:08) Opening banter/weekend catch-up! (7:04) Brad Gerstner published an open letter to Meta CEO Mark Zuckerberg, outlining a plan to double FCF and boost its stock price (12:11) Linode -  Apply to Linode's Rise program for up to six figures in discounts at https://linode.com/twist (13:41) Specific plans in Brad's letter, the "open-letter approach", Meta efficiency comparisons and advertiser treatment (27:16) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20 (28:32) Meta's revenue/capex vs. Google (33:19) Homeownership NFTs on the infamous Fyre Fest island! (38:08) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist (39:38) J+M go through a hit piece against Divvy Homes and Adena Hefets and describe what subtle tells indicate a hit piece (1:10:40) Jay Trading update, geopolitics, and more! FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1