All-In? We’re out: Why the All-In podcast is bad for America

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All-In? We’re out: Why the All-In podcast is bad for America - Episode 126

Рет қаралды 17,296

11 ай бұрын

Cas Piancey and ‪@bennettftomlin‬ discuss the All-in Podcast and it's hosts: David Sacks, David Friedberg, Chamath Palihapitiya, and Jason Calacanis.
This video was recorded on August 25th and 28th, 2023.
Read more: cryptocriticsc... in a new tab)
Additional episodes mentioned in this episode:
Episode 64 - Metaverse 2: Venture Capitalist Judgement (Feat. münecat)
• Metaverse 2: Venture C...
Episode 42 - Elizabeth Holmes, Theranos, and the Future of VC (Feat. Elizabeth Lopatto)
• Elizabeth Holmes, Ther...
Episode 8 - Coinbase Media and Why Venture Capitalism Hates Journalism
• Coinbase Media and Why...
Episode 116 - The FDIC, Infinite Insurance, and Moral Hazards (feat. Rohan Grey)
• How To Insure All Bank...
Additional resources:
Bennett's video about Twitter
• A Eulogy for Twitter
Bennett's appearance on Odd Lots
bennettftomlin...
David Sacks apology
www.vox.com/20...
Coverage of Tandler
protos.com/dav...
Coverage of Silicon Valley Bank Run
protos.com/bla...
Other places to find Crypto Critics' Corner
Website: cryptocriticsc...
Discord: / discord
Bluesky: bsky.app/profi...
Mastodon: mstdn.social/@...
Twitter: / cryptocriticpod
Instagram: / cryptocriticpod
TikTok: vm.tiktok.com/...
Bennett's KZfaq: ‪@bennettftomlin‬
Bennett's D&D KZfaq: ‪@BTDND‬
Bennett's BlueSky: bsky.app/profi...
Cas' BlueSky: bsky.app/profi...
Bennett's Mastodon: mstdn.social/@...
Bennett's Twitter: / bennetttomlin
Cas' Twitter: / caspiancey
Bennett's Newsletter: TheFUDLetter.com/
Cas' Blog: / thecaspiancey
Bennett's Blog: bennettftomlin...
Timestamps:
#crypto #cryptocurrency #podcasts #listenable #allin

Пікірлер: 162

@CryptoCriticPod 11 ай бұрын

In this episode we originally mistakenly claimed that Jason was a member of the PayPal Mafia, he was not an executive for PayPal and we regret the error

@AylaCroft 11 ай бұрын

Wasn't he one of the first in though for investments? I also remember him saying he has the first tesla in his garage. I swear that was him 🤔

@CryptoCriticPod 11 ай бұрын

I do not believe he was an early PayPal investor, he may be an early Tesla investor. He definitely got in close with Musk, Thiel, and Sacks

@geekmystique 11 ай бұрын

so just a groupie 🙂

@tethergobrrr 11 ай бұрын

I’ll take that as a deliberate slip made with the intention of proving your point about self correction🙃

@AndreAnyone 10 ай бұрын

lot of beta males in here lol

@DanielOberlerchner 11 ай бұрын

I like how Cas and Bennett get so worked up by this that they change clothes every 5 minutes.

@TheGoodColonel 11 ай бұрын

I follow the All In podcast to make sure I don't miss the next bank run they cause.

@ckronenwetter 11 ай бұрын

The difference to me seems to be that the majority of elite class used to feel a level of responsibility for accomplishing something for their community with their wealth or at the very least the self-importance of wanting to leave a legacy and be adored. Look at the infrastructure built by families like the Carnegies, Rockefellers and Vanderbilts. The predominant moneyed elite now are nihilists. And the longer it goes on the more often the thought "You want pitchforks, this is how you get pitchforks..." runs through my head. You would think at the very least they would have some sense of self-preservation.

@hulkingmass 11 ай бұрын

Very well-said

@bacool 11 ай бұрын

Well said

@realbigugly 11 ай бұрын

Friedberg is the only all-in bro who isn't a delusional narcissist. He also speaks the least.

@CryptoCriticPod 11 ай бұрын

I thought it was telling when they were discussing how they had disproportionately benefited and Chamath and Jason immediately go “we’re not going to change that though right?”

@hulkingmass 11 ай бұрын

But even friedberg - the libertarian - called for the feds to bail them and their friends out

@catejames6453 11 ай бұрын

Oh no, he’s the Machiavellian Monsanto “intellectual”. He’ll be a turn coat, just watch.

@timmerkel1526 11 ай бұрын

Used to be a decent podcast when they just talked about VC and C Suite decision making type stuff. Now its unbearable. Sacks wants to be Trump. Chamath is evil. Jason is the GOAT bootlicker. Also, you forgot to mention that Jason said that they empathized with the song because its tough when their portfolio positions take a hit. 🙃

@ibfreely8952 11 ай бұрын

Whoever listens to these people for anything other than laughing at them is honestly a mark.

@AylaCroft 11 ай бұрын

I guess I used to be a Mark 😭😅

@AndreAnyone 10 ай бұрын

lol okay beta male lol

@hulkingmass 3 ай бұрын

@@AndreAnyone classic

@RonaldoLuizPedroso 11 ай бұрын

The only investment deserving of an All in is CasCoin 😂😂😂

@gswdeclan 11 ай бұрын

It's the old disingenuous "hey, we're just asking questions here" nonsense people say when they're pushing BS.

@smc4229 11 ай бұрын

JAQ-ing off

@MC-oo4pk 11 ай бұрын

I hate the All In bros so much and it brings me joy to see this hatred in the comment sections

@hulkingmass 11 ай бұрын

I used to put up with them until the svb thing, that was full mask off mode for them

@fassin666 11 ай бұрын

Almost an hour of Cas and Bennett 🙏🙏🙏

@Zykosis 11 ай бұрын

And how are your crypto and spac investments going?

@the_real_ch3 11 ай бұрын

The All In "arena" thing blowing up was such weird timing because it was going on at the same time that AEW was having a massive wrestling show at Wembley Stadium called All In, so it was a weird mash up on twitter

@clinewb 11 ай бұрын

For clarification, I dont think Calacanis is part of the Paypal mafia. He's certainly become part of the team after the fact but I don't think he was an investor and he definitely wasn't on the team. Still become a massive shitbag in my eyes purely for the company he keeps.

@CryptoCriticPod 11 ай бұрын

You are correct, I made a mistake. There’s a corrected version working it’s way through the KZfaq editor and we mentioned it in the pinned comment. For some reason I thought he was involved

@marcthenarc868 11 ай бұрын

Shout-out to Cas for his Montreal Expos cap (although it's the first time I'm seeing a white and silver one instead of the regular red, white and blue).

@Jakeitallup 11 ай бұрын

This is rough. I’m no fan of the spac’s but what your downing Chamath for is what the crypto market is built on.

@tethergobrrr 11 ай бұрын

One of the most instructive takeaways from the rise of the Paypal mafia was that Elon Musk was, at the time, too unethical and interpersonally noxious for them to continue working with. To the extent that they made concessions on the narrative of the company’s provenance and millions in equity just to be rid of him. The worst of the worst people in the world, but they still love his money.

@JamesJansson 11 ай бұрын

The All-In Podcast is a demonstration of meritocracy under capitalism being a lie. You have a billion dollars, that means you're not a complete fn idiot, right? Wrong! Here's a quote from David "Nut" Sacks:

@benjaminaristotleboes3157 11 ай бұрын

27:00 You're spot on.... What are you bringing to the table BESIDES being extremely wealthy (and becoming even wealthier)??? Due diligence should be a BARE MINIMUM....

@smc4229 11 ай бұрын

Even though I was warned at the beginning of the episode to not watch if i didn't know about All In, i persisted, and well.... I should have listened to the advice. These people should have their wealth redistributed.

@wfla2285 10 ай бұрын

Love the Teddy Roosevelt reference!!! Man in the Arena is too good to be co-opted by these guys.

@AylaCroft 11 ай бұрын

I'm so glad you guys made this video. I used to watch their podcast however the cringe for the past 6 months has gotten worse. I'm embarrassed for them. Thank you for backing my instinct to run far far away. Like you said, if that's what it's like being rich af... I'm good 👌

@SamRocher 11 ай бұрын

Good job covering this! Never heard of these guys, but oof! Imagine wasting your lives to obtain so much money and you spend it to show off how much of a failure of a human being you are XD

@riodweber 11 ай бұрын

I listen to their Podcast when I run (on Thursdays when it comes out) because I find it interesting to listen to people who are so disconnected. I think at the end here 49:00 you summarized it nicely, it's entertainment, and that's all it should be viewed as.

@SecondTake123 10 ай бұрын

Yeah, they are very entertaining, I don't take them seriously.

@helpyourcattodrive 10 ай бұрын

Plus, Peter their took on the gawker thing bc they outed him as gay … as I recall.

@xavdeman 9 ай бұрын

If you're not aware of who the 'All In Podcast' is, you can skip to 6:06 :)

@beck4218 9 ай бұрын

SPACs are essentially "direct to consumer" underwriting... it's done bc your idea is smooth-brained and MS (lead) is not going to talk to you and/or the terms are going to be sht. There have been scenarios where the opco doesn't want to hand the 30% discount to the IPO first trade to the bank, but generally it's the bank refusing to take that phone call. I started in trad ibanking before becoming a volatility PM.

@codygunter4379 11 ай бұрын

Always excited to see a new episode!

@timelston4260 10 ай бұрын

I was vaguely aware of Chamath and had a good impression of him based on nothing in particular, probably because he presents himself well. But I happened on an interview in which he was promoting SPACs, and my grifter radar triggered. Ever since then I've tuned him out. Sounds like it was a good thing I did. Screw him.

@xevious4142 11 ай бұрын

So excited for this episode. These people are the worst people in the valley.

@lindyswing4368 11 ай бұрын

These people are not good people, we get it.....their podcast is entertaining, thats all. They bring up random topics that I don't hear very often and now they even have a summit and opened up conversations. These guys are not saints and got lucky with early 2000s boom, so what.

@20thcenturyboy85 10 ай бұрын

Jealous anyone?!!! LOL

@colbyapple Ай бұрын

Great show!

@Dman_12 11 ай бұрын

I've been loosely following those guys for a few years now and it always seemed so obvious that these guys are just the worst. And they get away with all of this nonsense rarely ever challenged. I LOVE to see you guys go into "the arena" and break everything down the way you guys do.

@Wyatt333 11 ай бұрын

14:41 ‘Reactionary, pseudo-libertarian, right-wing ideology” that’s it. Perfect concise description of David Sacks, Thiel and Elon.

@Aries73 11 ай бұрын

High-functioning sociopaths is a more concise description.

@purplepurrpurrin 11 ай бұрын

Does CasCoin accept 25-cent Millennium set quarters from the Royal Canadian Mint?

@vooch 10 ай бұрын

You guys should continue critiquing them! They have scammed people for millions as you have said! Go after them!

@missunique65 2 ай бұрын

well done eye- opening discussion - you made some great points

@gregsimpson4726 11 ай бұрын

Which Odd Lots podcast episode was Bennett on?

@CryptoCriticPod 11 ай бұрын

It’s linked in the description!

@gregsimpson4726 11 ай бұрын

Thanks! I thought you guys meant a more recent episode than December 22

@ryancole7371 11 ай бұрын

This is the podcast to listen to if you want to utterly lose hope in humanity. 4 perfect examples of why there should be no billionaires.

@quinbatcheller5805 9 ай бұрын

Yeah gentrification really bites. I resonate with what you're saying about the bay area. I dont live there in fact im Canadian, but a similar thing is happening in our cities and towns here in BC where the wealthy and the extremely wealthy are so detached from reality and the responsibility they hold that they are screwing everything up. I think theyre directly tied to quality of life dropping for the rest of us. Poverty and drug use is exploding... its sad. My home town used to be great. It was just this artsy little town with lots of hippies and artists back in the 90's, it had so much personality and regular folks could afford to have a really good life here. We all know what happens when the super rich discover a place like that.

@suzetteduncan 6 ай бұрын

thanks guys!! i'm just a pleb in Silicon Valley, I can safely say the worst people on the planet live here.

@arnoldmarcus3634 5 ай бұрын

I work close to the VC and startup space. The more I see the less sophisticated VCs appear to me. Many are also predatory towards founders they back.

@newtony4473 11 ай бұрын

I regret to now be familiar with the All-In podcast haha. Can these people not hear how unlikable they make themselves sound? It's so evident that the Walmart pricing story is a way to remind everyone how rich he is and how pathetically poor everyone else is. I have such a hard time believing it's not just a made up story designed to flex his wealth...

@TheRemcovanreems 10 ай бұрын

Ayn Rand s adepts some say.

@pubjeezy 10 ай бұрын

"You do need market-makers" You spent 20 minutes describing a villain doing villainy in a detailed way(crypto scams, defrauding retail investors) but you don't actually favor the removal of villains from the supply chain. You're criticizing predatory gatekeepers in the market while advocating that the market still needs these kinds of gatekeepers. Your videos always describe a very real problem but your personal financial interests preclude you from ever discussing a real solution.

@nuki3234 11 ай бұрын

Rich men north off East Palo Alto!

@JohnTube2K 5 ай бұрын

Agree with your criticism of the All-In Podcast…. but they are still entertaining and they do give some great insights … can listen your channel and theirs and come to my own conclusions

@JAnonymousChick 11 ай бұрын

Can't wait for Cas coin to become a SPAC!!!!

@jaskaasi 11 ай бұрын

in the Arena trying stuff

@sallyd3700 Ай бұрын

Love the podcast. Just throwing out, since you’re a very important role in critiquing crypto, reducing socialism as silly, maybe read Capital Vol 1, 2, 3. You may find your views have a bit of an echo in a lot of what Marx addresses in his critique of Capitalism. Marx is misunderstood by many that claim to be experts and much of what is attributed to his ideology would be quite a surprise to him. Then again, he himself said he would be anti Marxist the way he was represented.

@maxborges123 9 ай бұрын

Wait! You’re pushing your own crypto coin?

@zacharywills9535 11 ай бұрын

Just the podcast to listen to while taking notes on the subject of missing data. Enjoying the thorough research in these discussions and the break down of the predispositions of the crypto influencers, businesses, spokespeople, investors, etc.

@utschemezmuer 7 ай бұрын

Amazing Interview, lots to think about, especially when healthcare is increasingly owned by private equity

@GhoulishGrinMedia 11 ай бұрын

I have a confession…their podcast and yours were my two favorites of 2020/2021. 😂 They are pretty out of touch but I do learn something from most of the podcasts I listen to. I also really enjoy Odd Lots.

@IsleyNumber1 11 ай бұрын

Let's go. Been waiting for this since you teased this a week ago on X formerly shitter

@benjaminhies 5 ай бұрын

The All-In Pod represents 4 people who have better things to do, than recording podcasts - they are giving out their take on worlds issues for free. Surely there are some things they are not proud off (we all have). But does discussing their past misgivings make their takes on issues less valuable? Sorry guys, but this nit-picking for clicks seems cheap, and I hope you’re getting called out for it.

@bastiat691 11 ай бұрын

There are in fact many ethical considerations in market making, which instruments you trade in, how you do the market making (for instance frontrunning is immoral), insider trading, fraud, so on. as well of course.

@john1425 7 ай бұрын

Wait. A bank is undercapitalized and then you blame the people who withdrew their money for a bank run?

@maxborges123 9 ай бұрын

Isn’t the idea to sell your positions when they peak? Seems like if they dropped after he sold he had good timing. I wish I was that smart.

@Wyatt333 11 ай бұрын

It’s always been obnoxious, but for the past 6 months it’s unbearable mostly because of David Sacks and his political ideology and incessant boring tirades.

@MatejH_entrepreneur 2 ай бұрын

Something about hearing people complain and pass blame crushes my positive energy.....

@sinajoy4056 10 ай бұрын

Thank you for talking about this!

@user-qk2nl8lf9y 10 ай бұрын

mid take

@Jiturra01 11 ай бұрын

Lol been listening to all in podcast for comedy lately.... Sacks is by far the worst imo 😂

@riodweber 11 ай бұрын

Mr. David "America is 50% responsible for the Ukraine war" Sacks.

@thelotterywiz 6 ай бұрын

congrats on the worst take on the internet.

@hulkingmass 11 ай бұрын

My guys

@yvelaine 8 ай бұрын

Well I think you are brilliant.

@raphaelamorim 10 ай бұрын

Nobody listens to this podcast or odd lots compared to All-in. That’s a fact. You guys need to abandon straw man attacks.

@NathanOen 9 ай бұрын

How about both of you guys. Have you been around the world? Go outside America? 13:24

@xavdeman 9 ай бұрын

They literally went to Hong Kong to try to find the Bitfinex headquarters (hint: it didn't exist).

@picahudsoniaunflocked5426 11 ай бұрын

Man how bad do you have to be to have Cas dislike you? Yikes.

@john1425 7 ай бұрын

Wow what a joke. I've never heard so much reading into intent with pseudo psychoanalytic crap

@Khanfuzed1 11 ай бұрын

So many bad takes on here mixed in with a few good ones quite a dichotomy

@helpyourcattodrive 10 ай бұрын

All in feels like a circus … but I like this week in start ups at times …

@benjaminaristotleboes3157 11 ай бұрын

I just watched 30 minutes of "The SEC is after big crypto" from All In..... Fucking GROSS

@dlo5640 11 ай бұрын

I think he was referencing Teddy Roosevelts quote

@droh_it 10 ай бұрын

Great watch! Like to see you burn them on X/ Twitter more often

@blackfish4674 11 ай бұрын

The guy in the hat has no idea what hes talking about😂

@NickVanWyck-uq5fx 10 ай бұрын

All-in pod is maybe the best podcast currently active. The complaint is that they're rich? All are self-made. Ideally the hosts of a biz podcast are rich and self-made to validate they know what they're talking about.

@jonbarg2820 4 ай бұрын

phalihapedia?

@johnlapp2163 11 ай бұрын

Why dies he sound just like echo Charles from the Jocko Willinks podcast

@mycojim6848 11 ай бұрын

Crypto critics corner , a show by Npcs for Npcs

@joonlee3663 4 ай бұрын

Never heard of you guys.. and you guys are trying to collect views by targeting the podcast that are doing well? Sad

@mqbq3651 10 ай бұрын

I work as a Start-Up Finance Consultant and I am helping them from early stage (before founding) to investment rounds around max. 20 million (VC rounds). Funny enough I had a client who went to shark tank for the publicity (obviously they never planned to do it for an investment). I am a bit confused when you are referring to Mark Cuban or the Douche "Mr Wonderful" as VC investors. To me they are business angels, unless they set up their own VC funds to invest in start-ups (honestly most VCs i deal with are a bit and i mean "a bit" more qualified). Just subscribed so my next video on the list is your take on VC's and I am exited 😅 Seeing their investments while reprrsenting the other side (the start-ups) has been shocking.

@vzuzukin 6 ай бұрын

All-In Podcast has great *chemistry* among the four+ hosts, who have fun on&off the air. It resonates with men, particularly GenX and older Millennial men. They have access and opinions, as players and as spectators. They are fun, flawed, and relatable.

@Carutsu 11 ай бұрын

43:00 100% we must not respect the shit these people say

@dawnfmEnthusiast 10 ай бұрын

i'm a listener of the all-in pod. i tune in because of their camaraderie and some of the information they provide --- looking forward to listening to this video and keeping an open mind. I know Chamath is sus, curious to find out more.

@NickVanWyck-uq5fx 10 ай бұрын

All-in pod gets a ton of unwarranted hate.

@maxborges123 9 ай бұрын

You’re defending Gawker? You guys are clueless. They lost the lawsuit because they did things that were illegal. Peter Thiel simply saw to it that justice was done.

@tigreytigrey8537 7 ай бұрын

😂 notice how these guys are the only ones who think they themselves are smart. These 2 are the very definition of "DUNNING KRUGER EFFECT" in human form lol.

@chris4880 11 ай бұрын

Great praxis gents

@LeonGaban 10 ай бұрын

These takes are mid, when you invest in startups, you have to expect risk. All investors, even retail. 95% fail… they are like small cap alt coins. Complaining after you make a risk bet that fails… that’s on you, not anyone else.