Topics
00:00:00 - Anecdote: Comped Meal at Shiso Restaurant by Fan Owner
00:00:40 - The Tipping Saga: Freeberg's Calculation and Generous Tip
00:02:02 - Brief Interlude: 'Let Your Winners Ride'
00:02:17 - Podcast Introduction and Miami F1 All-In Event Recap
00:03:10 - Miami Event Speakers: Sergey Brin and Antonio Gracias Highlights
00:04:11 - Miami Event Speakers: Rosberg, Suarez, and Tony Robbins Impressions
00:05:18 - Guest Introduction: Phipe Leafant, All-In Podcast and F1 Fan
00:06:01 - Jason's First F1 Experience: Trophy House and Poker Game
00:07:26 - Phil Hellmuth's Inappropriate Behavior with Timothy Shalamé at F1
00:09:22 - Sponsor Acknowledgements (OKX, etc.) and Future All-In Events
00:10:28 - Debating the Most Enjoyable Day of the F1 Miami Event
00:11:02 - All-In Summit Los Angeles Announcement and Party Budget
00:11:54 - Economic Outlook: Fed Holds Rates Amid Tariff and Stagflation Concerns
00:13:17 - Phipe Leafant: Disconnect Between Negative Sentiment and Strong Economic Data
00:15:01 - Chimath on Fed Policy: Liquidity Focus, Subprime Data, and Trump
00:16:34 - Chimath's Analysis: Are Fed's Actions Politically Motivated?
00:19:28 - Freeberg: Fed Policy Considerations - CPI Data and UK Trade Deal Impact
00:21:07 - Phipe on Trade Deals: Tariff Pass-Through, Market Reactions, Tech Tax
00:25:25 - Trump's Tariff Strategy: Impact on Tech Market and Phipe's 'Tokens > Tariffs'
00:28:37 - Freeberg: AI's Generational Opportunity to Reinvent Traditional Businesses
00:32:40 - Google Stock Dips: DOJ Lawsuit Reveals AI Search (ChatGPT) Impact
00:35:07 - Google's Innovator's Dilemma: Navigating the AI Search Transition
00:39:45 - Phipe on Google: Valuation, 'Yellow Pages' Analogy, and the 'Mag 7' Shift
00:42:28 - Google's Strategy: Capex, Product Integration, and Role of Founders (Sergey)
00:45:50 - Improving Google's AI: YouTube Search, Calendar Integration, Proactive Strategy
00:49:05 - Future of Search & AI: Cannibalization vs. Market Expansion & Ad Potential
00:52:40 - Google's Path: Aggressive Gemini Integration and Founder Taste/Leadership
00:57:01 - Phipe's 'Top 25 Companies' & Impact of M&A Restrictions on Innovation
01:00:48 - M&A Regulations Debate: Size, Bundling, and Incentives for Risk Capital
01:05:07 - Stagnation of IPOs/M&A: Impact on Venture Capital and National Innovation
01:09:38 - LP Investment Strategy, Required VC Returns, and Silicon Valley's Flywheel
01:16:57 - Phipe Leafant's New Interval Fund (CO2): Structure & Democratizing Tech Investing
01:24:23 - Investing in CO2 Fund: Accessibility, Investor Limits, and Tax Benefits
01:27:09 - CO2 Fund's Competitive Edge and Strategy: Building the 'New Mag Seven'
01:30:15 - The 'Mag X' Concept: Blending Public/Private Investing for Future Leaders
01:33:56 - Humorous Interlude: AI-Generated Images of the 'New Pope'
01:34:40 - Podcast Outro and Final Farewells