(0:00) Bestie hangover! (1:05) Analyzing SBF's media tour: his angle, media coverage, and more (21:09) FTX culpability: media, investors, regulators (53:41) Challenging media coverage of other countries, China's current situation, Xi Jinping's standing (1:10:04) What OpenAI's new ChatGPT tool means for the future (1:26:30) David Sacks on the slowdown in SaaS, use case endgame for generative AI 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 Referenced in the show: https://www.youtube.com/watch?v=KMZckrBPw38 https://www.coindesk.com/layer2/2022/11/30/ftxs-collapse-was-a-crime-not-an-accident https://www.wsj.com/articles/sequoia-capital-apologizes-to-limited-partners-for-ftx-investment-11669144914 https://www.nytimes.com/2022/11/27/opinion/ftx-sam-bankman-fried-fullenkamp.html https://www.nytimes.com/2022/11/14/technology/ftx-sam-bankman-fried-crypto-bankruptcy.html https://twitter.com/lizrhoffman/status/1595193884438568960 https://taibbi.substack.com/p/be-it-resolved-dont-trust-mainstream https://www.newcomer.co/p/taking-kid-gloves-to-all-in-my-reflections https://chat.openai.com/chat https://twitter.com/jdjkelly/status/1598021488795586561 https://twitter.com/pmarca/status/1598413401705021440 https://twitter.com/jdjkelly/status/1598021488795586561 https://twitter.com/DavidSacks/status/1598076726671642624 https://twitter.com/DavidSacks/status/1598363968547876864

My guest today is David Sacks, General Partner at Craft Ventures and founding COO of PayPal. During our conversation, we explore what differentiates Enterprise SaaS from DTC subscriptions, what makes for a magical product launch event, and what key growth metrics David uses to measure success. David has written extensively on his idea of operating cadence, and we explore how that applies to the various functions within an organization. As time goes on, I am more and more impressed at the talent that existed within the original PayPal mafia, and I couldn’t help but ask David to highlight the superpowers for a few of his early partners. This was an incredibly informative conversation with fun threads throughout. Please enjoy my conversation with David Sacks.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ------ This episode is brought to you by Canalyst. Canalyst is the leading destination for public company data and analysis. If you've been scrambling to keep up with the deluge of IPOs and SPACs these days, Canalyst has models on Robinhood, Marqeta, Grab, and everything in between. Learn more and try Canalyst for yourself at canalyst.com/patrick.   ------   This episode is brought to you by Eight Sleep. Eight Sleep's new Pod Pro Cover is the easiest and fastest way to sleep at your perfect temperature. Simply add the Pod Pro Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. To embrace the future of sleep and get $150 off your new mattress go to eightsleep.com/patrick or use code "Patrick".   ------   Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.   Follow us on Twitter: @patrick_oshag | @JoinColossus   Show Notes [00:03:30] - [First question] - Defining what it means when a company can explode [00:05:39] - What it would look like if a company didn’t have what it takes to explode [00:06:17] - Key factors that make for a strong product hook [00:08:51] - Whether or not there has been a divergence at the early stage of B2B investing compared to B2C [00:11:36] - Reasons why products that make people collaborate are always stronger [00:14:14] - Nuances between team subscriptions and team product use [00:15:37] - Describing the burn multiple metric and how it can be applied to companies [00:18:18] - The gross margin problem and issues for businesses in this area writ large [00:22:34] - Common practices amongst sales programs that have and haven’t worked [00:24:22] - What about new founders makes him most excited [00:25:58] - Explaining cadence and why he groups product and marketing as one bucket and sales and finance as another [00:30:44] - The anatomy of a great product launch  [00:32:17] - Ways in which external dependencies can be landmines for growing companies [00:34:06] - Whether or not he’s willingness to invest in a business with regulatory variables [00:36:59] - What he’s seen in company culture that breaks a company as they scale [00:39:55] - Things a founder actually does in order to reign in and tame their culture [00:42:08] - Unique traits of founders who are both investors and operators [00:44:12] - Peter Thiel’s superpower  [00:44:57] - Max Levchin’s superpower [00:45:38] - Elon Musk’s superpower [00:46:07] - Roelof Botha’s superpower [00:47:15] - Reid Hoffman’s superpower  [00:47:43] - Keith Rabois’ superpower  [00:48:41] - What zones of change in the world have his attention writ large [00:51:43] - Why teams want to be pushed and how we can apply that to business [00:55:25] - The kindest thing anyone has ever done for him

SaaSGrid co-founders Ethan Ruby and David Sacks join Jason to demo SaaSGrid, discussing its solution for founders. They cover the software recession, AI's impact on SaaS, and more. Topics include burn multiple and startup efficiency, determining target customers, and challenges in the SaaS industry.

Entrepreneur and AI expert Sunny Madra and tech industry veteran and investor David Sacks join Jason to discuss the unprecedented chaos at OpenAI, including the board's failure, the impact on startups, and the mishandling of the situation. They also explore the motivations of OpenAI's board members and the implications of OpenAI's slowdown on startups and developers.

David Sacks is a paradox. The entrepreneur and venture capitalist helped lay the foundations of the digital world we now live in: He was one of the members of what's known as the PayPal Mafia, alongside people like Peter Thiel, Elon Musk and Max Levchin. He’s also been an early investor in some companies you may have heard of: Airbnb, Facebook, Slack, SpaceX, Twitter, Uber. At the same time, he is something of a whistleblower from inside the world of tech. He believes that Big Tech has far too much power. He argues that the fact that a handful of billionaires get to decide what we are (and aren’t) allowed to say in the new, digital public square is something that the Framers would have been repelled by—and that all Americans should oppose.Today I spoke to David, now a general partner at Craft Ventures, about the rise of America’s social credit system and how we can defend our civil liberties in the age of the Internet. Learn more about your ad choices. Visit megaphone.fm/adchoices

David Sacks, Founder of Craft Ventures, discusses the evolution of the firm, strategic fund scaling, and industry insights in venture capital. They explore transitioning from operating companies to full-time investing, focusing on SaaS startups, fund evolution from multi-stage to specialized, navigating market shifts, and building a transparent culture in VC.

Elon Musk and David Sacks discuss AI design limits, debunked climate science, brain hacks, flu deaths scam, and Biden's peace proposal. They delve into regulating regulators, news industry capture, and Biden's hurricane audio. The podcast also touches on jury bias, Scott Adams content, and the Joker's playbook.

David Sacks, an entrepreneur and investor known for his work at PayPal and his role as Trump’s AI czar, dives into the shifting landscape of Silicon Valley's political culture. He discusses the troubling rise of censorship and wokeism, particularly its implications for free speech. The dialogue uncovers the widening class divide influenced by these ideologies and evaluates how powerful entities manipulate discourse to maintain control. Sacks also critiques the monopolistic practices in tech and emphasizes the need for accountability in corporate leadership.

David Sacks and Evan Owen demo Glue, a Slack competitor with AI integration. They discuss transitioning users, onboarding strategies, efficient thread organization, and the evolution of AI models in team communication.

David Sacks traces his journey from opposing student activism at Stanford to discussing Silicon Valley's changing political landscape. They delve into woke capitalism, censorship tactics, global engineering talent, tech monopolies, and the impact of increasing societal polarization on the economy and politics.