My First Million - What’s truly going on inside DOGE?
Episode Date: February 17, 2025Episode 677: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) go inside what’s happening with DOGE. — Show Notes: (0:00) The wild story of Iron Mountain (17:39)... Our take on DOGE (28:20) Government contract side quest (33:14) Elon vs Sam Altman PPV (39:16) How does Elon never get tired tho? (48:23) Life in situ (58:09) Casting call: $100K to the new MFM field correspondent — Links: • “The Many Lives of Iron Mountain” - https://tinyurl.com/t4drtpdb • “How the Economic Machine Works” - https://tinyurl.com/ydp966p9 • “Principles for Dealing with the Changing World Order” - https://tinyurl.com/2evfs6bd — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
Transcript
Discussion (0)
Dude, this vault, this giant filing cabinet, is worth more than Snapchat.
It's worth more than Pinterest.
It's worth more than Twitter as a company.
Isn't that crazy?
I feel like I can rule the world.
I know I could be what I want to.
I put my all in it like no days off.
All right, we're going to get a little current event-y, which we don't often, but I love current events.
So I want to talk about a current event.
So was it, at last night, Elon did this thing where he was like in Trump's office.
with, like, his kid, like, crawling all over him, climbing up on him, which is kind of funny.
And he told this story about a mine where all the government files were.
Did you hear what he said?
I didn't hear what he said.
I saw a photo of this place.
Like, underground.
Somebody said, oh, it's the bureaucratic Gringots from Harry Potter.
It's like this underground bank vault.
So Elon said something that I feel like it was like an offhanded comment, but it actually led me down this rabbiased.
a whole. Basically, they were asking him about how he was like getting rid of all these jobs. And he was
like, yeah, I want to like actually retire more people. But I was told that I could only retire 10,000
people a month. And I was asking, well, why is that? And he said, well, because all the retirement
paperwork is manual, meaning it's literally on paper. And it's written down on a piece of paper. And then
it goes down a mine. There's literally a limestone mine where all the paperwork for retire, people who
want to retire is where it's stored. And so in order to actually make this work, the speed that we
can move, the limiting factor, is the speed at which the line shaft elevator can actually move down.
And you hear this story and you're like, what the hell are you talking about, man? And so I went
down a rabbit hole and I had to figure this out. So can I tell you a little story about not just
this mine, but this whole company that operates around this. So basically, in the 1920s,
there is this guy who grew mushrooms. And I guess in order to grow mushrooms in the part of America
where he was growing mushrooms, he had to grow them in a cave. And so he was the mushroom king of
America. At one point, he was the largest creator or grower of mushrooms in America. He was this
German immigrant, and he was kind of like this funny guy where like his advertisements,
he called himself the mushroom king, whatever. And he had to rent a cave and grow mushrooms. And
eventually he bought a cave and that's where he grew mushrooms and this cave that he bought was massive.
It was a huge cave.
And for some reason, starting in the 1950s, post-World War II, those damn Europeans started
undercutting them and started selling cheaper mushrooms.
And he was like, my mushroom business is going to go under.
This is not going to work.
I got to figure out what to do.
And so he bought a bank vault door that was $20,000 in 1950 and he installed it in his cave.
He took out the mushrooms and he installed this bank vault door.
vault door and he went to a local bank and was like, hey, you guys have a lot of paperwork.
You've got a lot of files that you have to store. I have the safest place on earth to store
this paperwork. You want to like make a, make a business deal? And so he changed his business.
And he started this thing called Iron Mountain. And it was called Iron Mountain because it was
literally in like a mine that was like they would use the, I don't know how this all works,
but they would use like the rocks to make like iron. And he grew this thing like crazy.
And so basically this company, it's called Iron Mountain. Google Iron Mountain Market Cap.
Iron Mountain Inc. is a $30 billion company. Wow.
So this company, I looked it up since the year 2000, they have created a billion dollars at least, or roughly, per year in free cash flow.
And they now own something like, I think it was something like 80 million square feet of storage.
And so they have everything.
So it could be like Princess Diana's will is in there.
But it's like Sony, the music company Sony, the record label Sony, has all of their
masters recordings, like literally like the tape stored in Iron Mountain.
But their biggest customers is like an insurance company in Connecticut who had been in
business for 100 years.
They, for some reason, legal reasons, they have to keep their paper files.
They have to save them for something like 75 years.
This is nuts, dude.
So they're just a giant, they're just like a physical vault for documents.
It says enterprise information management services, founded in 1951.
So it's just a giant vault.
And they're like, we will protect your files, will protect your paperwork.
Exactly.
But it's huge.
So literally they have caves.
And he like would joke that it's an atomic bomb shelter.
But that wasn't really a joke.
They actually have a whole bunch of decommissioned atomic bomb structures as their vaults.
And so, and they do this because if you, if you are like, for example,
WWE is one of their customers.
And they have every single time they've literally, like physically filmed a fight,
like an event.
The match, they store it and they have all these tapes,
which is like sounds like, okay, that's just like a small example.
But they have other examples where like a year old me would have broke in there.
So excited to just go to the vault of all WWE matches ever.
Yeah, but they also have like billions of dollars with the art.
So if you're a museum and you have extra art that you need store, you're going to go to Iron Mountain because you know it's like real like safe.
It's one place or they have a bunch of these?
They have dozens and dozens of places.
So I think they have 80.
And why caves?
Like don't caves literally like cave in?
Like why not just a building?
What's wrong?
Like building with guys with guns.
Why not?
Because it has a low moisture.
So it's like it's like it's good for paper.
I see.
And a bunch of reasons like that.
But it's also like literally safe.
So like a cave.
is actually, you know, I don't know how this works, but it's actually safer in terms of like
there being an earthquake or there being an atomic bomb. When someone just gives me one scientific fact,
like just like a minor, if you were just like, yeah, the humidity coefficient is lower. I'm
all right, all right, I don't need to hear more. Like, I'm just like so sad. As long as I know there's
any scientific basis for something, I'll just accept the argument in full. It's the,
there was a Harvard study that has the same effect on me. Exactly.
And I was reading this, and it was by the New Yorker.
And there was like all, like, it was hard to comprehend how, like, epic this thing is.
So this is the thing that stores the government stuff or no, a separate business?
Yes.
So let's get to the government stuff.
So he said there's a limestone mine where this is all stored.
So he kind of, like, dismissed it because it was a mine.
But that's actually important.
But the federal government is a customer of Iron Mountain.
And so here's how this works.
This part is absolutely insane.
So starting in the 1950s of the 1960s, the federal government became a customer of Iron Mountain.
And to this day, it basically operates the exact same way.
And so right now, the federal government is retiring around 100,000 people a year.
And when, let's say you work for the FBI or some agency, federal agency, the Postal Service, whatever, and you need to retire, because of 100 plus years of laws, there's a lot of complications.
And so when you retire, you're supposed to get a pension.
Let's round numbers of $100,000 a year.
But some people might get $98,000.
Some people might get $108,000.
And the reason they will is because let's say this federal employee was a cafeteria worker
for a federal agency.
That requires a different set of rules.
Let's say this person was a retired vet.
Let's say this person was an amputee.
There's like a million rules about what you are going to be earning after you retire.
However, this is all done on paperwork.
So every single federal employee, not just the current ones, but the past ones, they have
a manila envelope in this mine in Pennsylvania that Iron Mountain runs.
And so when you want to retire, you have to file a piece of paperwork.
You literally write up on a piece of paperwork.
You give it to your boss at your federal agency.
The federal agency has to mail it to the mountain or to the mine in PA.
And it takes roughly 60 days because one of the six days, because one of the same.
600 employees at this mine, needs to physically have the file in hand, needs to walk to your
file in the mountain, which this mountain is 200 football fields or 200 acres. They had to literally
hand, like by hand, go and get that file and they got to look at your file. They got to say,
all right, Sean looks like a 65. It looks like, oh, he actually retired at 59 years old. Then he
came back. So that gets a different thing. Turns out he's serving the Iraq War. So he gets
this thing, this thing, this thing. And then they close. And then they
closed a file and they put it back and they send the paperwork back to your agency to let them know,
here's what Sean is going to be paid for his pension fund. And that process takes something like
90 days to do that whole thing. And since the 1980s, they have spent hundreds of millions.
It's approaching billions of dollars to digitize this. It's failed every time. And the New Yorker in 2004
wrote this amazing article. They're like, we tried it in 1980. We've tried it now. We tried it in
What does it fail? Why can't they digitize too much? Or it gets rejected? It's a huge,
it's a huge task. But this mountain, it's in rural Pennsylvania. And these Pennsylvania folks,
they were literally mine workers. Like that's what they were, this mine, when it was an active
mine. So it's like generations of miners who are now doing this thing. So it's not like these 600
employees aren't exactly like computer experts. They're like physical laborers. So they don't
exactly have like the labor there to do it. But also just,
the bureaucracy, the same thing that happened with when Obama launched, was it healthcare.com or
whatever? Like, it's just really hard within a government within the four years that a president
is president to make this massive change. And so this mind, nobody, and you're not going to get
huge pat on the back for like digitizing this process. You know what I mean? And the people who
work at the mine, they interviewed a couple of them. They were like, it's a pretty miserable,
miserable place to work. In the wintertime, when we arrive at work, we're there when it's dark.
and then when we come home at night, it's still dark,
and you can't have a flame in the mine,
so all of the food has to be delivered for us every day,
and it's like fried food or pizza.
That's like our two vendors.
But they let you have unlimited overtime if you want,
and it's an eight to five job, and no one leaves.
Like the retention is 100%.
They're like, it's just a good, stable job, whatever.
These guys need a podcast.
I want to be listening to Iron Mountain Pod,
where they're just these miners just talking about paperwork.
can eat pizza. It's like an ASMR channel of the limestone mine. And the New Yorker did an article
and they like were talking to these people and they were like, if you guys want to see taxpayer
waste, you should see what happens when a federal worker retires, goes back to work and then
retires again. He goes, one guy they interviewed, they go, I'm working on a case now that's
taken me 120 days to figure out how much pension this worker is owed. And it's just a nightmare.
And so it's like literally a physical labor job to walk around and find all these files.
This mining company is this vault, this giant filing cabinet is worth more than Snapchat.
It's worth more than Pinterest.
It's worse more than Twitter as a company.
Isn't that crazy?
The $30 billion company?
And the retention might be better.
And here's why it might be better.
It is better.
I guarantee it's better.
Listen, workday.
Workday is a piece of software.
I've never, I don't think, maybe I've been.
used it. But like the thing about work,
workday is considered like a dinosaur software
company, right? It's like, or let's say ADP,
like these payroll softwares that a lot of
huge companies have and they're regarded as a
sticky product. But the issue with that
is that you, a worker,
as well as management, you interact
with that product every day. So you're like, this
fucking sucks. So eventually you might get
pissed off and want to change it. With Iron Mountain
bank, by law, has
to keep these files on NCD.
Well, hey, we're going to give this to you guys.
And they'll never talk to them again.
the next 50 years.
Dude, should we open up a drawer?
Like, should we just go havesies on a single drawer in Iron Mountain and just start saving,
like, hateful YouTube comments in there?
Just have one little station.
They told a story about this mine.
They said there was some rich anonymous person, this old lady, who had like $100 million
with art.
And she, once a year, would go down to the mine and bring a blanket and cheese and wine and
would just sit and look at her art.
I'd just be like, this is awesome.
And that was in the article that she did that.
crazy company, right?
This freaking Iron Mountain.
Really, really fun find.
I'm glad you found that.
Also, hilarious that you started with.
Let's start with current events.
And then you started talking about this old file storage system from like the 1950s.
That's where you went with this information.
Did you see photos of it?
Yeah, I saw the one photo.
Now I'm looking at more and it's pretty wild, dude.
It's just like, I mean, it makes sense.
Now that you say it, now that you explain it, it makes sense.
It's just who knew.
Who knew that?
This is how it all works.
Now there's like digital versions of this.
I forget what some of the guys in the space are, but they were like, Iron Mountain was like, hey, are you guys nervous about digital? And they like dismiss it. They're like, dude, you don't know how much like crap people need to store. Like, we're going to be fine. Like, it's going good. And so if you look at their financials, it's just like consistently like a billion dollar plus of free cash flow just every year. This is how my wife treats my kid's art. She like created her own Iron Mountain in our house. It's just disgusting. All right. So,
You brought up current events and then you said something that was totally not a current event,
but there was other current events that were actually interesting.
I'm just curious.
Give me your one to ten level of interest in these.
I have a feeling you might not be interested in these.
Elon offering $97 billion to buy Open AI.
Did that tickle you?
Eight out of ten?
The Elon stuff is like inherently incredibly interesting at the moment.
Right.
Okay, eight out of ten.
Let's rank this one.
Elon crashing the press conference.
in Donald Trump's Oval Office?
That was at a...
Ten.
Ten.
And by the way, I bet it's not even for the content, just for the social dynamic of him standing
behind Trump and just overtaking the press conference. Is that right? That's my guess.
Is that what you want to talk about?
Well, there's one other I want to get your read on. Which is just Doge as a whole.
Nine. Nine or ten. Yeah, let's go in that order.
Okay. Okay. So start a ten?
Yeah. So you sent me a text last night and you said,
rule number one, never outshine the master.
Elon Musk, and you're referring to the 48 laws of power, how to be powerful.
You never outshine your master.
Elon Musk 100% outshine Donald there.
That was so emasculating to have Donald just sitting there and Elon standing up sort of behind him.
Like he was going to come and put his arm, like his hands on his shoulders.
You know what I mean?
Yeah.
Yeah.
He hijacked the press conference and just started giving his own speech,
a wordy speech while his kid is there rambling also
and Trump is just sitting there like a goon at the table
and it was just so interesting.
I never seen anyone who's not the president
give their own press coverage from the Oval Office
while the president sits there.
Forget what they were even talking about.
Just that was like, whoa, hold on.
This is like if you watch The Bachelor,
sometimes they do a two-on-one date.
It's like, whoa, hold on.
It's not a 101, it's a two-on-one one.
There's going to be some drama here.
That's how it felt.
It felt like a Bachelor, two-on-one one.
goes going on. When Elon told the story of Iron Mountain, Trump, like, look back at him and he goes, huh, no shit, really?
Like, he was like, like, he was learning, like, he was being entertained at that moment as well.
Do you know what I mean?
I also love how Trump sometimes just like, we're going to send Elon in. Elon's going to go in.
He's going to do great things. He does great things. And he's just like, that'll be the plan.
But honestly, that's actually not a bad plan. It's like, if I was going to say one thing,
it's like, we're going to send Michael Jordan on the court and he's going to shoot. He's a great shooter.
it's like that's kind of what he does with things
he's like we're going to send Elon in there
he's going to take care of things
that was actually a really good trumpet impression
I mean I didn't fully commit
I do regret that I didn't fully commit
because it kind of started off pretty hot
and if I had really gone for it
maybe I would have surprised myself but I'll never know
and I'll live with that regret till I die
I thought it was pretty good
it was a very that had a lot of promise there
what about the Doge
stuff in general I have a
I have a very opinionated take
do you
I have a
Big picture take, and then I have just like small things that I wish more stuff would come out from.
So here's my big picture take.
I cannot believe we're on this timeline.
So if you just rewind the clock, like a couple years ago, here's what was going on.
I was reading this Ray Dalio book.
Did you ever read the Ray Dalio, like, I forgot what it's called Rise and Fall of Nations or something like that?
It's basically how empires like fall, right?
No empire lasts forever.
Honestly, the title scared me, and I was like, I just kind of want to be,
ignorant. But I read his first one, principles, and I know that he comes off historically is a
pessimist, right? No, no, no. He's a realist. I don't know. He's just an observer of how things are.
So if you're going to watch one thing, by the way, watch on YouTube. He's got this thing called
How the Economic Machine Works. It's a 20 or 30 minute YouTube video, which sounds long, but it's amazing.
It's an animated video where he just explains how the economy works in a way that even a, you know, Bozo like me,
could understand. And it's, it's amazing. Go watch that. Like, you should just pause this podcast and
go watch that. I think it's called how the economic machine works. The Bridgewater Office, by the way,
is literally 1.5 miles from my house. If you want to go and just talk to him. Yeah. We should walk
right in. Yeah. We absolutely should. So he wrote this book about the rise and fallen nations and he
basically talks about like he studied all the empires, the Dutch empire, the Roman Empire, the Chinese Empire.
And basically, why do the empires end? Why don't they just keep going? They have all the advantages.
They got the power.
They got the best military.
They got the best economy.
They have the growing population.
Like, where do things go wrong?
And he saw that overtime things go wrong in a very predictable cyclical fashion.
And then because he studied history, he could see that, okay, even if it's not going to be the same, it's probably going to rhyme.
I should look out for some of these signs.
And, you know, one of the signs that he talks about is around the big debt cycle.
So there's like a short-term debt cycle.
There's a long-term debt cycle, which is like an 80 to 100-year debt cycle.
And what happens is, you know, the cost.
countries or empires will end up going into too much debt, which the U.S. is in right now, like
$35 trillion of debt, like just an absurd number. And then the interest payments are really high.
Then because people lose faith in their ability to pay off that debt, you know, they lose at some point
their status as the global reserve currency, blah, blah, blah. Okay. So Ray Dalio makes this argument.
It's a interesting book. You should read it. Now,
does he mention a muckbang? Where on the timeline is?
Do you know what muckbang is?
Listening to people eat, right?
Watching and listening to people eat.
Incredibly fat people just stuff their face with ramen.
Yeah, it's like a governmental muckbang is what he describes.
Does he mention when the declined is when muckbang gets popular?
There were signs.
So as he's talking about this, it's like, oh, okay, shit, you look at the kind of the current world.
You're like, oh, shit, we got inflation.
but then, you know, to fight inflation, they've got to raise rates.
When they raise rates, that slows down the economy, which slows down spending,
which creates this other problem.
Then you get stagflation.
You get like all these, oh, man, this could go poorly, right?
Oh, they're printing too much money.
That could hurt the dollars.
You know, they're debasing the currency.
That's what he says that they do.
This is what's going to happen.
And it just seemed inevitable.
The problem was you looked at it.
He's like, but who's going to go and fix this, right?
It's not like a company because a company has to face reality.
So what a company has to do is ultimately the company needs profits and the shareholders are going to demand that the company stop this excess spending.
But the problem with the government is the government can sort of go infinitely in debt until it can't.
It could just print money, right?
Like imagine if you or I just had a little machine in the closet.
It's like, well, I could solve this problem with hard work, cutting back, tightening the belt, you know, or it could just go in the closet, push this button.
I'll just do it this one time, just this one time.
Okay? And like that's what just keeps happening.
You go and you push the button, you print the money.
And so that's the problem.
Okay.
And it just seemed like there was no solution to this because anybody who wanted to get elected, right?
The leader, first, the leaders were not business people, right?
So problem number one, the people who run the country were lifelong politicians, typically.
And they were not CEOs or executives who had that as their core skill set.
The second thing is they didn't have the incentive, right?
because when you want to get elected, it's like middle school all over again.
You've got to go promise we're going to have free pizza every Friday.
It's like, who's going to pay for that?
I don't care.
I just got to say it and promise it.
We'll deal with the consequences because that's what gets me elected.
So the presidency is never about, hey, I'm going to cut back all your favorite programs.
It was always going to be, we're going to do more for you.
We're going to cut your taxes.
Okay, so less revenue for the government.
How's that going to work?
We're already in debt.
We're going to cut your taxes and, you know what?
We're going to spend more on this.
We're going to invest in education.
That sounds great.
We're going to give you free health care.
We're going to pay off your student loans.
It's like, wow, we're just going to, where's the money coming from?
And the money was coming from that magic money printer in the closet.
Okay.
So it just seemed like, dude, there's no way.
There's no way out.
And somehow, this insane situation has occurred.
And I'm not saying that it's going to work.
And I'm not saying I agree with everything about these people.
I don't agree with everything Trump says.
I don't even, I didn't even vote.
Okay.
You can't even hate me.
Okay, I didn't vote for the guy.
I didn't vote for anybody.
So you can hate me for other reasons.
I don't agree with everything that Elon does, but he's an impressive, ultimately impressive
entrepreneur.
I think he's the greatest entrepreneur of all time.
Okay, so, but I also, you know, don't think he, I agree with, I don't agree with
everything he says.
Great.
My caveats are out of the way.
I cannot believe we ended up on this timeline where Trump gets elected.
Elon Musk, the greatest entrepreneur of all time.
And even if you disagree, okay, he's second, right?
Like, he's close.
When did Trump, was it January 20th?
Is that, wait, wait, where did it?
Or four, was it 20th?
It's the inauguration, yeah.
Insane.
Okay.
Four weeks ago.
And he brings Elon Musk in and basically like,
like he's still doing onboarding.
If you just said, what's the only way America can get out of this?
I'd be like, dude, we got to get like someone as smart as Elon Musk in there with a mandate
and somehow have a free mandate to actually go and cut all the bloat to get us out of this.
excess spending to cut the deficit, to balance the budget, to get us even into a surplus.
That's the only way we got to somehow do that.
That sounded impossible two to three years ago.
Like there was no path where something, he's not even an American citizen.
It can't be president.
He's not going to run.
The president's not going to just give him free reign.
Well, somehow we ended up in this 0.1% probability timeline where Trump gets elected.
Elon becomes his bestie by backing him and giving him a bunch of money and throwing his weight behind him.
Elon stipulation was like, I want to create doge.
Ha-ha, doge.
And he's like, I'm going to cut spending.
And Trump's like, okay, great.
And somehow it became cool to cut spending, which was never cool before that.
And now he just took like this army of his smartest, most ruthless people.
It's not even an army.
It's 40 or 50 folks who are 24.
Even more powerful.
You just go get a bunch of 10x type of people.
And he's literally.
like raiding, he's like raiding buildings and he's taking over payment systems and being like,
okay, I can't change the laws, but I could stop the flow of the money. I can audit everything from
this payment record system. He's bringing like young hackers and he's bringing some of his smartest
people in. He's doing this. Now, will this be successful? I have no idea. I can't tell you.
Is this fascinating? Absolutely. Is this one of our only shots to get out of the death spiral of
excess spending? I believe so. And I cannot believe it happened. End of rant. All right. Let me give you,
the audience
a counterpoint,
and I'm going to get
flame for this.
You're going
devil's avocado on me?
I'm going hardcore
devil's avocado on you.
No, not exactly,
because I'm on board
with like what a lot of
stuff he's doing,
but listen to this.
Let's just say that you're
45 years old.
You got two kids in high school.
You got a mortgage
and you're thinking like,
you know, life's pretty good.
And then all of a sudden
you get a message
that says,
look, we appreciate you,
Diane, for working
for the government for so long,
but you're done.
You've got to get
out. And you're thinking, how the hell am I going to pay my mortgage? How am I going to
provide for my kids? You want to go to college? And then you look online to learn about your
situation and you're like, wait, the guy who just decided to fire me changed his Twitter
handle to Harry Balls. And he put in his description that he's offering circumcision
for 69 cents. And did he just call a guy a retard on Twitter?
Dude, someone yesterday sent me an advanced search.
You knew you Twitter advanced search.
It was just like a single link I could click that was just Elon Musk saying the word retard.
And bro, you could scroll for days.
It was unbelievable.
It was an unbelievable link.
It's sort of like a really successful entrepreneur CEO doing layoffs because money is short from his beautiful chalet in Aspen with a beautiful view behind him on Zoom.
And for Elon, I'm like, do what you got to do, but can you not be so smug about it and have some like fucking grace when you're like doing some of these things?
Even if those things are good and I agree with them, I just wish that like the maturity level would go up because at the end of the day, it's cool for like these tech guys to say like cut them, cut them.
Let's make the government smaller, whatever.
But at the end of the end of it is it real people's lives.
And half of these people, they're not like hungry power people.
just fucking guys who are working nine to five and they just want to play softball on the weekends.
You know what I mean? And that, that, that bumps me out. I wish that he would show a little grace
when he's slashing. You know what I mean? Like, I think you bring up great points. I think he's
like I've been told many times. You're not wrong, but your delivery sucks. What are they
say in the Big Loboskey? You're not wrong, man. You're just an asshole. Yeah, exactly. That's like,
that's like what's going on here. So I think you're absolutely right on that. I will say they did
offer eight-month severance. I will also say, this wasn't like an optional or flimsy thing. Like,
it's not like somebody's just messing around. Basically, but that's what it seems like when you've changed it to
hairy balls. He made it seem like that. You're absolutely right. It certainly seems like he's messing
around. The style is bad. I think the substance is good. The reality is the way that the government
works is actually like a financial terror attack on all American citizens. And so as much as Diane
I don't like that Diane is going to possibly lose her job.
The reality is she shouldn't have had that job probably in the first place or this old,
and maybe not her specifically, but the overall system is spending so much it is going to tank
the entire economy.
Like you look at all these crazy stats about how much of job growth is just federal jobs.
How much of spending is just going to federal employees?
It's like, you know, a wormy, like the game of snake when you start to eat your own tail.
It doesn't even make any sense.
I'm going to tell you something.
I have a friend who was last year or two years ago.
They had an unlucky break.
They wanted this promotion or this job.
They didn't get it.
They didn't really know what to do.
It didn't look like they had a great, you know, like upside.
I thought that they deserved a little bit better.
So let me see if I can help this person now.
And around this time, I had met some people that were some fat cats who were doing well
with government contracts.
And I'm talking about like, you know, one company, for example,
They just, they're a web dev shop.
They made websites.
They're a fat cat.
We've got to break that back.
Great usage.
Fact guy, yeah, exactly.
And what I mean by that is they were making websites, which you can go on Fiverr and get a website for five bucks.
You can go and upwork and get somebody to do it for a couple hundred bucks.
You can go on Squarespace and do it yourself.
There's a whole bunch of things you could do.
They're getting $19, $20 million contracts to build simple websites.
It was unbelievable.
And there were multi-year contracts to do things that literally I have interns that could do them.
three, four days.
It was, uh, these aren't like high traffic, not complex apps, not super sensitive data.
Just like a square space.
informational websites.
Very basic things.
Your menu online.
Yeah, exactly.
So, um, started noticing this.
So I go to my friend and I say, let's get you a government contract.
And I can't say too much specific stuff.
We have a, we got this friend, a government contract to do something that probably takes
four hours, not even high skilled time, uh, you know, not, not,
Anybody could do it.
My sister could do it.
My cousin could do it.
Anybody could have got this contract.
It's been going for two years.
And now it's a hilarious game of hide and seek.
Because I'm like, yo, Doge is going to find this contract.
And when Doge finds this contract, they're going to publish this thing and be like,
we paid for this.
And I'm glad that my friend got like, you know, a great job, a lifestyle.
However, it's the, what is that thing called the free rider problem?
in society, it's like, I forgot, there's like some social term for this where it's like,
you can abuse public parks and public transport because nobody's kind of like on the hook for it.
And like, well, I'll get mine.
I'll get mine.
And when everybody tries to get theirs, we all get screwed.
Where did your head go where your friend doesn't get the promotion?
And then the default response is, let's get you a government contract, baby.
Let's go to the government contract store, just pick it off the shelf and go.
Check out.
There's these side quests that, you know, I'd been through this.
This podcast is great, right?
You do this podcast and you meet people and you hear stories.
We were talking, but we had done a segment on government contracts businesses.
I think we had done a thing because somebody I know had pivoted.
They used to have the episode I remember exclusively was they used to be in the business of making vodka bottles with LED lights.
So if it was like Sam's bachelor party, it'd be like, Sam, last day of freedom, like rotating around a vodka.
bottle. That was their business. COVID hit, and they pivoted their entire business to selling masks and
got an 80 or 90 million dollar contract. Yeah. And this is somebody that lives less than a mile away
who did that. And I was like, oh my God, can you believe that? We talked about it on the podcast.
And I just had some people email me, which is the flywheel of this podcast. And they were like,
yeah, dude, have you ever checked this out? Check this out. You can go see what's up for bid right now.
Hey, have you heard about this company? Have you heard about this company? So I started getting curious.
Now, I was never going to do it, right? Because I'm at a phase of my life where I am.
I'm intentionally trying to not make any decisions for money.
So even when I saw something that I was like, oh, wow, you could go make money doing that.
I no longer want to be that guy.
I was that guy for like 15 years.
I don't want to be that guy anymore.
If I make a decision, it can't be for money as the number one reason.
But I did take note.
And I was like, somebody could do that.
Maybe somebody who's maybe top priority right now is money.
And so this little side quest was, let's go help a friend.
I don't want to do this for me.
It wouldn't be worth it for me.
But it would totally be worth it to like for the story and to see if I
I can help my friend out. And it's still going?
It's still going. But dude, every month, and now that Doge is out, it's literally like a game of hide and seek. And I can hear the footsteps coming. I know it's coming. And it's going to be hilarious when it hits.
That's insane. That is pretty funny. What about the third thing? The Alman. So the reasoning behind it, like, he has a reason for doing this, which is that he's trying to behave. Explain what it is. They're saying what it is. People don't know.
So from my understanding, Open AI is a nonprofit.
They're trying to convert to a for-profit in order to do that.
Sam Altman, as well as some of the shareholders, have to, quote, buy the company.
And what Elon has done is he's put a competing offer to buy the nonprofit of Open AI in order to make Sam Altman as well as the other shareholders to have to pay more.
Is that the summary?
Sort of.
He's not trying to buy the nonprofit.
He's trying to buy the assets and same thing.
So basically, Open AI today is a nonprofit that.
That's how it started.
That's who, you know, has a lot of the IP.
Then they created a for-profit where the nonprofit owns, I think, 25% of the for-profit,
or they're trying to own 25% of the for-profit.
That'll be like the deal.
And the for-profit has been raising billions and billions of dollars.
They were just trying to raise from Masa and SoftBank.
At a $250 billion.
$240 billion valuation.
And so that implied.
that when they do this conversion
or they sell that they convert the
they'd get the assets out of the nonprofit
into the for profit, right?
The IP, the Intel, the, all the code, all that stuff.
The assets were valued, I think, at $40 billion
in that transition.
And it was going to be like stock, basically.
It's like, oh, you're going to have 25% ownership
in the for profit.
And what Elon did was just throw a wrench in that a little bit
because he's like, actually, I'll buy the assets
for $90, whatever he said, $97 billion.
So a couple of possibilities here.
Number one, he might actually get it.
It's possible that he could do it.
And then in that case, he would own the assets of OpenAI, merge it with XAI.
And he would go from fourth place to first place overnight.
That's the possibility.
I'm uneducated on the topic, but I know a little bit about stories.
That just seems too.
That won't.
I've watched Game of Thrones.
They're going to die before they do that.
Yeah, that story won't happen.
So it's possible, possible, not probable. Yes. And it's possible, not probable only because of the egos and personalities involved. Sam Altman would fight to the debt to not have that happened. That would be him losing and getting checkmated by Elon. And Elon is doing it because he wants to checkmate Sam because he feels like he got wronged and betrayed because he funded the first 40-something million dollars into opening eye when it was a nonprofit and he owns nothing of the for-profit today.
Would you put money on either of them?
winning this?
Or just like in terms of just like the battle of the wits,
like a chess match.
Do you think that it's too hard to...
You know when we watch those UFC pay-per-views
and it's like sometimes you get the ones
where it's just like, oh, I just want to see Khabib do his thing.
He's going to win.
But I just want to watch Hal.
And then there's other times where you're like,
I have no idea who's going to win this fight.
I have no idea.
You got the unstoppable wrestler versus the guy
who's amazing at Jiu-Jitsu and striking
and like I could totally see it going either way.
I got to pay $90.
pay-per-view, I got to watch this. That's how this one is. Because for as many people who say,
you never bet against Elon, there's an equal number of smart people who say you never bet against
Sam Alman, right? And so you don't know which way it's going to fall. Now, and there's also, it's the highest
stakes thing. Like, AI is the highest stakes game. And this is the crown jewel asset is open AI. And it's
going to be a fight to the death. Okay. So the second possibility is he just wants to make it more
expensive for open AI. Because like I said, the implied valuation they were talking about was about
$40 billion for the assets, non-cash contribution, or maybe it was a cash contribution, I'm not
sure. And this would up the price. So if nothing else, you go to your enemy and they have to pay
double for their car. But do you think like, maybe that's satisfying enough. Maybe that's like in the
board meeting. Can you just imagine all these suits like, well, do we do we look at this offer?
And then everyone just like, no, it's just Elon. He's just being a dickhead. Okay. Like,
do you just like, do they just like collectively agree that he's just being an asses?
or are they like, guys, we got to like look into this.
They're collectively because, I mean, that would be a very low price for the assets of opening
eye, right?
Like literally on the open market, they're raising out of $240 billion valuation.
So to sell the assets at a $97 billion valuation wouldn't really make a whole lot of sense, right?
So at the very least, he's upping the price or just slowing it down, making life more complicated
for his competitors.
So if we're competing in a race, but I know I can distract 15% of your.
mind share, right? It's like a honey pot.
Like, you know, like, people used to do this, like, send in a pretty looking girl.
And it's like, this is just a nice little distraction for my competitor that I can send in.
Like, they will do that. So there's multiple levels this might be playing at.
I don't know which one it is.
This is just like the nerdy Kendrick Lamar versus Drake thing because they're, now they're going after their
personalities. They haven't gone after family yet. But I honestly would not be surprised if that
happens next. Yeah. Yeah, yeah, yeah. Exactly. So I'm not paying a whole lot of attention to
it, but it, I mean, it is interesting to watch, like, a sort of real-life, you know, rap beef or
a Game of Thrones battle going on.
I, uh, does it bot?
Does I think this, like, wear you out?
Because I feel a little excited at the moment, but I wonder when, but we're only a month in.
And I'm like, how much longer can I, like, last, uh, with all these, like, uh, amazing
stories?
Yeah, uh, yeah, I know what you mean.
There's definitely a part of it where it just feels like I've just watched too many
episodes of Jersey Shore and I'm like, I wasted my whole day. You know, like, you know,
oh, he said this and he did this and they're going to do this and let me look up the Delaware law.
It's like, for what? Are you getting anything out of this? Or are you just gossiping?
It's like, oh, I'm gossiping. Okay, cool. Well, there's only so much of my energy I really
want to put towards gossiping. I also just constantly think, and I think a lot of other people
think this is, how does one man have so much energy? It's pretty like amazing. It's hard for me to
imagine like writing a serious email that would require me to make a decision that has long-term
impacts because I'm like, oh, I just can't like turn my brain on right now to get into that.
Imagine never feeling that feeling. I think Jimmy, Mr. B, said something. He said something,
like, he was like, oh, no, I'm focused like every waking hour. Or he made like, he was like,
I don't get distracted. Like, I don't, like, browse it. Like, he said something like that. He was like,
but when I do get in that mood, which is seldom, I go all in for like 24, 48 hours and I just need
like a two-day recharge, and then I'm back in, and I don't get distracted. Now, imagine being
like an Elon and having to, like, you don't have, do you have zone out mode like most people
do after 7 o'clock at night? You know what I mean? I read this story about Bill Gates,
and it was the story about how Bill Gates was building Microsoft, and people don't know,
because Bill Gates is now a philanthropist slash, like, you know. He's got grandpa energy.
He's got grandpa energy, exactly. He's wearing his sweater. He's like, well, you know, I read books
and blah, and I, you know, I've got these nets to catch mosquitoes.
Like, you know, he just sounds like, you know, sort of harmless.
He was ruthless.
Putting around.
Putting around, Bill.
Yeah, he's putting around in the mornings.
He was ruthless when he was building Microsoft, and he was insane energy.
If you don't believe me, play the clip of him jumping over the chair.
All right, we're back.
So on top of that, they were like, Bill, do you, somebody was, like, riding in a car with him to do an interview or something like that?
And they go, Bill, what happened?
And they look at his in his car, like the tape deck was missing.
was like pulled out.
Like it almost got stolen.
And they did you get stolen?
He said, no, I took it out.
They go, why did you take it out?
You don't like to listen to music?
He goes, if I'm, you know, the radio?
He goes, if I'm listening to the radio, I'm not thinking about Microsoft.
So I just took it out.
I don't want to listen to the radio.
I want to think about Microsoft.
It's wild, right?
That's just a little tiny story, but there's probably like some epic, epic stories.
And these are small things.
Like, for example, let's say you get like an email saying, like, you know, this
partnership that we thought about doing or the sale that we're thinking about doing from you,
It's not for us. Thank you. There's people, and this is like kind of small, but like it's just an example of this behavior.
They're like, they'll just get on a plane and they'll fly to that person's office that next morning and they'll just make it work.
And you think about doing that with like, you're young kids, you got a few kids. I have one kid. And I'm like, there's at a chance that I'm getting on that plane unless it's like a pretty amazing thing.
But just to do these like daily, these daily items that show how intense you are.
it's really challenging to imagine living that life.
And I think very few people can actually sustain it,
and I'm not one of them.
So back to your question of like, how does he do it?
This is a legitimate question.
How does he do it?
So one of the reasons my interest in Doge is top of mind right now
is I just had my most viral tweet ever.
You did?
Yeah.
And it was me.
All I said was I would pay stupid amounts of money
for someone to follow around the Doge team
for the next six months,
hard knocks style.
Like, if you ever
seen Hard Knocks
the show in HBO
where they follow
like an NFL team
through training camp,
I would,
and it's true,
I would pay a ridiculous
amount of money for that.
What was the reach on that?
I mean,
the tweet got like
50,000 likes or something crazy.
Oh, that's so funny.
I didn't see that.
It was just like,
like really viral for some reason.
A lot of people felt the same way.
Like, there's a fascination around this.
And part of it is,
I would really want to see.
Like, I want to know,
I want to know what it's like.
Like,
I'll give you.
you two things. So one, I want to know what Elon's like, but not because I'm like, oh,
Elon, he's the best. I just want to see it. I literally want to understand like, so this guy's
running six billion dollar companies at one, logistically. Yeah. And then there's shit like where
he's like, he's also tweeting 10 times more than me. So it's not even like, oh, but he just doesn't
waste time on social media like you. It's like, no, actually he waste more time on social media.
And it's like, yeah, but he doesn't just waste time playing video games like you, you asshole.
It's like, dude, he's bragging about being a top hundred ranked Diablo player.
and it's like something's cap.
The Diablo thing, I'm certain is cap.
Like, I am certain that he's paying people to do that.
Are you allowed to say that?
I thought it was pretty fluid.
Was that not?
It was actually so fluid.
Thank you, dude.
I was like, what did you just say?
I said it in the mirror the other day.
I think that works.
I think I can add that to my bag.
There's another one.
I can't believe, dude, you downplayed having audacity to do Trump.
Do you have the audacity to say cap?
so fluidly.
Like, that was really...
I've been on the internet
for way too long.
I thought you made cap like a cap to his energy.
Not cap, like no cap.
That was really good.
Dude, I'm going to start saying cap as in the limit.
That's cap.
That's the cap.
That's the maximum cap.
I've reached my threshold is what I'm saying.
What are you saying?
I didn't say I lied.
What did I say on MFM like earlier this year?
Let him bake.
Let him bake.
You were like, rip it.
And I was like, let him beg.
I'm trying to be cool.
They're like, wait, is it bake or cook or microwave?
What is the phrase?
Have you met anyone who's worked with them?
I haven't.
Yeah, I have, actually.
I talked to that one guy who that recently, he said,
he goes, I had a meet with Elon,
and his assistant gave me the heads up in advance,
and he goes, just so you know,
Elon's companies are making something like $20 million per hour,
or something like that, or $20 million per half hour.
So if you are going to have a conversation with him,
it better be a $20 million conversation.
And that $20 million number, by the way,
it's more now.
It's more now if you think of Doge.
So it's just like every, can you imagine that?
Actually, that's that kind of an exhausting way to live
because do you ever hear when people say like,
well, that's just not worth my time?
And when I would think about that for a long time,
I'm like, does that mean I should always be doing something
that is like of more value?
And I'm like, well, how much am I valuing just like?
on this couch or how much of my valuing my grass because I want to actually mow my grass.
And I thought that was kind of an exhausting way to look at life.
It totally is.
By the way, there's a simple solution to that, which is you only price things that you don't
want to do.
If you want to do it, you don't put a price on it.
If you enjoy the, if it's therapeutic to you or what's it called, like, whatever,
relaxing.
Like it feels good just doing nothing.
If it feels good to do the dishes or to like trim the bushes in your garden or
whatever, like go do it. You have at it. You don't need to be like, oh, this is an inefficient use
of my time. You only price the things you don't want to do to say, you know what, am I wasting my time
on stuff I don't even enjoy? Well, when we had Rob Deirdrick on the pod, he said that he places that
number at $1 million per hour. Yeah. Dude, I watched a Cody Sanchez clip and like, I don't mean to
knock on Cody. She's always been nice to me, but she was on a panel and they go, she goes,
I was talking to my mentor, Bill Perkins, and he always, you know, tells me,
you are as, you are as low as the low, like, something like that.
It was like, you are as low as the lowest tasks you do.
And she was like, I was dropping something.
I was pumping.
Oh, he goes, do you still pump your own gas?
And she goes, at first, I thought, how pretentious.
Of course, I still want to be a person who pumps my own gas.
And then he did the math for me about how much I'm wasting, how much money I'm wasting,
pumping my own gas.
And he said,
are you still buying this?
You should not be buying that.
You should not be going to the store
to do that.
And I just thought like,
and this video had like,
whatever,
tens of thousands of likes.
And I think that's a totally valid way
to think.
She might be right.
That might be the right answer
for her.
It's not the right answer for me.
Dude,
I went to Whole Foods last night at 9 p.m.
just to walk around.
Totally.
Totally.
Totally.
I think there,
I think underneath a lot of that,
like,
oh,
I've got to be so efficient
with every second of my day
is just some underlying.
feeling of lack. What do you think you lack in your life that you have to optimize every minute of
every hour of every day and that you are like above doing certain things? And by the way, also,
when you stop doing things, you lose touch with reality. So there's a price to that too.
And so I just think like there's a, my takeaway was not even about Cody or her idea that if it
works for you, more power to you. I just think, I just thought to myself, you know how much bad
advice is out there? Like, whether this was bad advice or other, like one of the great skills in life
is just playing hopscotch
and not stepping on the landmines
of terrible advice that exist on the internet.
Our podcast included, by the way,
we say some dumb shit
and we say some things that don't make sense
for you, maybe it makes sense for us
or maybe just doesn't make sense at all.
But there is a skill to
how do you block out
the 98% of awful advice that sounds smart?
You want to hear something funny?
So I met this guy
who's a billionaire, a multi-billionaire. He's probably 65. And I talked to him for like an hour online for
something. And at the end of the call, for some reason, he started talking about his family and his kids
and how he has like, I forget, five kids, and they're each married with children. He's like,
oh, I'm always around the grandkids. I just love this. And he was explaining his life philosophy.
And at the end of the call, I go, hey, we don't know each other. We only know each other for this hour.
but do you think I could come over me and my wife and stay with you and your family?
And I can just watch how you interact with your family because you seem really happy, man,
and you're successful. You've won. And he goes, I would love that. And so tomorrow at 7 a.m.,
I am flying to Park City to go to this guy's house for three days. And he was like, my whole family's
going to be there for this weekend. And I was like, great, can I come and just hang out with you guys?
to be part of the family for a weekend just to see how you're interacting with everyone because
you are awesome. And he was like, yeah, I would love that. So I'm going to his house tomorrow until
Sunday just to like learn how to be. When I met him, I was like, you were just such a warm person
and you're rich and successful, which is like one attribute that's amazing. You seem happy. You seem
fit. You have a lovely family and they seem like they love you. I got to download what you're doing
because you are amazing. Totally. He's letting me come over. Dude, that's great. I've always enjoyed doing
that. I have a word for it. Can I throw some jargon at you? Stalking? Is that it?
The word for it is in situ. So like... What's that?
Wait, is this a made-up word? I'm a biology major. So at one point I did a biotech company.
And one of the things you learned when we do any, any biotech company is there's a huge difference
between the lab environment, which is a sterile, controlled environment. And you see this data come out
And it says, wow, this thing really works.
We produced this many milliliters of this or this many grams of this substance or whatever, right?
It had this much, this much energy, this many kilowatts generated, whatever, whatever the thing you're doing in lab.
And then you're like, oh, my God, it's amazing.
We're about to change the world.
And I was like, trying to high five.
And nobody else was excited.
I was like, why aren't you guys excited?
They're like, well, like, it's the lab.
I'm like, oh, does the lab mess up?
They go, no, the lab's great.
So what do you mean?
What's the problem?
Lab, it's a test.
It's a scientific test.
How much more proof do you want?
They go, oh, everything changes in situations.
I thought, well, in what?
And like, in situ basically was like, you take the thing, in our case, we were working on
these microbes.
We had this company where microbes would eat coal and basically fart out natural gas.
So you could get natural gas without burning coal.
Kind of amazing.
Natural microbes, real microbes that just exist on the planet, right?
And so they were working amazing in the lab.
They were producing so much natural gas.
It was amazing.
We're going to change the energy industry.
What's that word in situ?
is like in a situation.
Yeah.
I don't know exactly what it's,
I don't know what the technical definition,
but yeah,
it's kind of like in the situation or in ground.
And so what we did was,
you take the bugs,
then you have to actually go to the field
where the coal is buried 200 meters underground or whatever,
and you're going to pump the microbes in.
And you've got to pump them in with some water
and you got to like see what happens.
And then there's cracks in the ground.
It's not perfect.
And then the blah, blah, blah.
The weather, everything.
Everything is different.
The temperature is different.
The other microbes that are there interfere, right?
Et cetera.
And all the other.
always, the in situ was, you know, not only worse, but like, just dramatically different to the
point where it's like, why are we even doing these lab tests? And they're like, well, look, if it fails in
the lab, it's for sure going to fail in situ. Right. But just because it succeeds in the lab doesn't
mean it works in situ. And so it was a really long-witted way of saying, I have this little word
I tell myself, which is like, go in situ. So, for example, it's like, you might have a theory,
but go test it. You might have an idea, go test it. You might think your Donald Trump impression
is good. You got to say that shit on the mic and see what happens. Another version of it is,
this person might look like they've got it all together. They're happy. They're successful.
God, they're saying all the right things on this podcast. Go in situ. Go to their house.
And you'll know within like 15 minutes. You said three days, three days massive overkill.
You'll know within like 90 minutes for sure everything you need to know about this guy.
And you'll pick up all these nuances just about like the family dynamics and the house and their schedule.
Their level of overall like busyness and rushing through their day versus like, wow, this person really seems at peace.
or like, you know what?
They just seem like their baseline mood is really high.
Or, you know, how their kids relate to them shows me that they have a great bond,
an underlying bond, you know, versus what they say.
And so you pick up so much.
And this is why people are like, oh, what happened to you and Sam aren't doing this interview
together?
And it's like, yeah, because I actually wanted to go to that dude's house and he lives near me
or he lived where I was traveling and Sam was traveling somewhere else at the time or whatever.
But I pick up so much more, not from the interview, but the, like,
like hours we spend before the interview just hanging out at their house.
I pick up so much more in terms of lifestyle.
And I've talked about this before, but like we went to Austin.
Who's one person who you hung? Sorry, well, go ahead.
I'll give the example. So we go to Austin and we had four interviews scheduled.
It was Joe Lonsdale, a billionaire who started more billion dollar companies than anyone else in America.
And like a hard hitting get after alpha type of dude.
Exactly. I go to, and so there was him. There was Monish Prabri, an investor.
So he was a value investor from the school of Warren Buffett and Charlie Munger.
There's Tim Ferriss.
Tim Ferriss, a guy I've admired for many years, author, experimenter, investor, et cetera.
And then the fourth one was somebody else.
I'm forgetting this was like a year ago.
So we go and we do the four.
Now for each of the four, I hung out with them.
Tim less, but the others like Joe Lonsdale, I went to his house at eight in the morning.
I did a morning workout with him.
We had breakfast together.
We did a cold plunge together.
We talked.
And then we did the podcast.
I saw his family, met his wife, you know, etc.
Toured his house, you know, where does he work?
Where does he play?
He's got this land center, like literally like a gaming land center for him and his cousins to just come play video games.
Like six computers.
Oh, L-A-N.
Okay.
Yeah.
He's got like a basketball court.
He's got old like artillery gun at the top of his thing.
When we were leaving, 10 senators were coming over for lunch and Elon Musk showed up while we were leaving the house.
It's like, whoa, okay, that's what your day looks like.
Got it.
You know, he had like a, it was amazing.
He was so hospitable, by the way.
He was so nice and generous with this time.
Did he had Monish Prabra.
I go over to his house.
He's like, yeah, come over whenever.
My day is clear.
I go to his house.
He doesn't have a staff that answers.
He opens the door.
Wasn't he barefooted?
He's wearing basketball shorts and his barefoot.
He's like, yeah, what do you want to?
Let's just sit.
Let's have some tea.
You want tea?
And we have tea.
He's got no clock, no assistant telling him,
you got to move the next thing.
He shows me his nap room.
He's like, I nap every day.
It's great.
My whole job is thinking.
You know, I have to make great decisions.
so napping is keeps me fresh.
It's like having a second day.
I was like,
whoa.
And then he's got all these books
in his library,
but it's also kind of alone.
I was like,
you don't have a team?
He's like,
no, like investors
make their decisions
not as a committee.
Investors make their decisions,
you know,
as an independent thinker.
And so,
no,
I don't have a huge team.
I got like a researcher or two,
but like,
you know,
they don't come over every day.
So he has how many billions
in his fund?
Two, I think,
something like that?
And it was really just him
and a researcher?
He was the only guy there.
He didn't have like a,
of five-person staff generously?
Generously, yeah.
I could be wrong, right?
Like, yeah, don't, don't quote me on these, but that's what it, but small.
I'm 90% sure.
Tim Ferriss, I was like, you know, he shows up and I was like, so like, like, what's
you been up to?
And he was like, oh, I just came back from Europe.
I was like, oh, cool, like vacation, ski, what are you doing?
He goes, no, I spent three days with the guy who's the best in the world at making
board games.
And I wanted to understand, I want to learn about board games.
So you pick up like lifestyle flexibility.
ability to indulge in your hobbies.
How lonely are you?
Do you have a team?
You know, somebody tweeted this out there the day.
They go, the thing that socialists are Marks got,
Karl Marx got wrong was how much fun it is to make money with your boys.
I was like, I feel that, dude.
Like me, Ben, Diego, it's so much fun to just do what we do.
It would be way less fun if it was just me doing it.
Even if I had owned 100%.
I got more equity and all that.
I would never take that trade.
Dude, I completely agree, by the way.
That's why I have co-founders.
And I moved Diego out here.
I was like, dude, I'll pay you more.
Just move out here.
Move within 10 minutes of me.
And now we hang out every day.
And I'm like, my life just got better, right?
Like, little things.
And so, you know, my kids interrupt me in the middle of the day.
I have a piano right next to my desk.
Because in between working, I'll just play piano.
It's for fun, right?
Like, if somebody was here in situ with me, they would see that I don't have a perfect life,
but I've built a life that I love.
And they will know for themselves if that's kind of what they want.
And so I think this is massively underrated is a very long-winded way of saying.
I think more people should do this.
I think you pick up way more when you go to somebody's house and see their,
you know, just kind of hang with them for a day or even a couple hours.
I think we need like a tobacco pipe or something.
Today is like philosopher hour on our rocking chairs just like riffing on what makes a good life
and what doesn't.
Yeah, we started at limestones.
We should go, by the way, check them out.
It sounds sick.
Yeah, yeah, exactly.
I would love to go see it.
I think it would be pretty boring, but it would be mind-blowing at the same time.
You know what I mean?
I think it would be...
Nothing would be thrilling,
but the whole thing
would be mind-blowing
that that's what it is.
We almost need to do
like MFM field trips
because I...
The timing was horrible
when you were doing
the Monash Prabria one
because I was moving
that day
and we couldn't make it work
because I had like a six-month-old
and it was like a huge, whatever.
But I am so envious.
I'm like, fuck,
I just wanted to like see...
I just wanted to like get a field...
I wanted to do a field trip
of just sitting in his living room
and watching him in
interact. That's like, I get so much joy doing that exact same thing. You know what I would want to do?
So there's like your boy Brett who's doing robotics. I want to go see that shit. I want to go see
humanoid robots and the factory and just be inspired by that. There's another one that I think
would be really cool. Have you ever been to Cisco Foods? Like Cisco is the company that like makes the
food that goes to all the restaurants like they make sauces and shit. Yeah. No, I've not been. What is that?
I went once because we had a restaurant
and it's the most wild,
like huge scale operation.
You don't realize it.
You're like,
oh,
I guess,
yeah,
the company that supplies all of the materials to all of the restaurants and grocery stores,
I guess they got to be pretty big,
right,
the bigger than anything you've ever seen.
And it was like a tour of that facility.
And then you see the automation.
Like there's these little like hockey puck.
You know those like scooters are like the little butt scooters where you just like sit
down on this thing, like an old PE thing, or you sit down on this little four-wheel flat thing,
and it rolls around, that's like little robots like that that fly around this warehouse,
picking up pallets and moving them places. And so it's this incredibly sophisticated operation
to move like cans of tuna. I'm looking at their factors. It looks so large that you could,
like, see the earth curve. You know what I mean? It's like. It's huge. Another one would be like,
like, like, I'd probably not allowed, but like Anderil or like one of these companies just making like
lasers and like, you know, like war machines. Also just like the crypto house and just go see all these
degenerate 19 year olds. That's actually a good idea. It's like you don't know it until you see it until
you feel it, right? Like it just leaves an imprint on you in a different way. Going to hacker houses
in San Francisco was amazing and seemed like their kitchen and I'm like, who cooks what? How do you guys
know? You've seen the barstool like one bite pizza reviews. We just do the one sniff hacker house
reviews, the odor. And they're all in San Francisco, they're all in like these warehouse.
houses so they all got Walmart feet. So everyone's walking around barefooted with like dirty dirty ass bottom
of their feet. It's like disgusting. And I had so much fun doing it. I remember I felt that same way walking
around Facebook. Have you walked around Facebook's campus? Yeah, Facebook's one of those.
I remember walking around. I'm like, why does a web page need so many employees? What are all these
fucking people doing? There's like there's so many people walking around and you're like, I can't,
like I would make fun of Facebook constantly because I thought it was a soulless job. But you walk around and
you're like, oh my God, this is like a beehive.
You know what we should do?
Do you remember TechCrunch Cribs?
Did you ever see this show?
Yeah, it was awesome.
It was awesome.
And they discontinued it, just like they discontinued cribs.
But I think that needs to come back.
And, okay, realistically, we're like, we should do this.
And then both of us are going to, like, look at our kids and then, like, just not travel.
Sorry, I'm going to go to a Cisco factory.
Yeah, I really want to go see the...
I'm going to go learn how Hoprise are made.
Yeah, exactly.
So realistically, let's be honest, absolutely not going to do this idea.
But we need a field correspondent.
Every great show has got a field correspondent, right?
That's actually kind of funny.
I'm going to throw down the gauntlet right now.
100K a year.
Be the MFM field trip correspondent.
We're going to send you to different awesome places.
You've got to film it like the old TechCrunch Cribs or MTV Cribs episodes.
And you just got to go to like funny, epic places, you know, interesting companies where they got
a crazy like office life, crazy factories and shit like this.
And that could be your job.
travel around, film content, we'll put them up on MFM as episodes.
I want to see these, like, there's, dude, these AI, we got to talk about this next week,
but these AI companies that have like 20 employees, but 100 million in revenue,
I just want to see what they're doing all day.
Absolutely.
Absolutely.
To audition, email me, Sean at Sean Perru.com, and just email a audition tape.
So do an episode of any business near you.
Go to your coffee shop and just film it, just so that we can get a sense of how you are on camera.
that's the best nice pod i actually enjoyed these where you never said that to me that was very nice thank
i enjoy these because i just enjoy hanging out those are my favorite podcast um all right that's it
great pod wonderful pod see you out there i feel like i can rule the world i know i could be
what i want to i put my all in it like no days off on the road let's travel never looking back
