Coreweave IPO, AVRide & Digg is Back! | E2093

33:33I don't know.

33:37Wow. So fascinating, I would say. I'm guessing the issue is that they needed more capacity because of the chat GPT deal. Yes. And Azure. I wonder if those GPUs are part of the Azure cloud, you know, and they're just abstracting them. So when you buy from Azure, it's using the CoreWeave cloud. Do you think that's what's happening? That's my guess. Or they're offloading some of OpenAI's compute that committed to OpenAI off under CoreWeave would be another guess of mine. Sure. Fantastic. I think this company will get bought. I'll be totally honest. you have AWS, Azure, Google Cloud, and Oracle in a race.

34:21I don't know if those companies are investors, but sometimes you will see strategics come in. So I don't know if any of them had the presence of mind or the CEO of CoreWeave had the presence of mind to pitch them on investment. But that would be a very smart acquisition to take this customer base off there. uh and here we have core weaves class a shares nvidia owns six percent that's around tripping type craziness right fidelity which does um private markets and publics uh and by the way they just came out with a um cap table competitor that's quite good oh and uh yeah i i know this because they're going to be doing a little advertising on this podcast as cap table software companies sometimes do but they're kind of undercutting the market and you're like why is fidelity dripping down into tap tables of year one startups and it's like oh those startups grow up and then fidelity has active um investor bases like family offices and high net worth individuals uh like myself and sometimes they will offer someone like myself or a family office um you know shares in something like core weave right you know three years ago two years ago so there's this whole thing that's happening with the stay private longer movement we talked about over and over again where they will this new group of individuals wants access to privates high networks family offices not just other folks and then you have here magnet are financial is that a hedge fund based out of illinois well that's crazy so um yeah you know sometimes a unknown or little known um firm will make early stage investments know they have a winner and keep investing my guess is magnetar financial which i've never heard of doesn't mean it's not like a well-known firm but i'm not in the private equity world i bet you they were early investors and often investors so one of the strategies correct both ways yes it is yep okay so after 2000 episodes i kind of can i know what i'm talking about um so what happens in these situations um is you invest in something like i didn't do this with uber or robin hood because they didn't have a chip stack back then I was a one and done investor, but I watched Bill Gurley do the series A, Mayfield, Shervin do the series B, et cetera.

36:46Any of those other investments would have been fantastic investments. They wouldn't have been five or 6 ,000 X. They would have been 500 X or 200 X, which by the way, most venture capitalists, the best investment they ever make in their career is 100 or 200 X. A 200 bagger is one for the personal achievement board. Yeah. Yeah. I mean, that would be, and for me, I have those like 500 X, 200 X and things like a Robinhood or a Calm, et cetera. But what you want to be able to do is place that second and third bet. And so we corrected that with Calm. I only did one bet as well, but we own five and a half percent of the company.

37:19But then with a company like Grin, a company that went through our accelerator, I think we made five bets over time. Company became worth a billion. We were actually able to sell, I think,$18 million in secondary when it hit a billion. And that was peak ZERP. We timed it perfectly, but we made multiple bets because we just saw the revenue tripling or doubling every year. When you see revenue doubling or tripling every year, probably not happening by accident. And so that's when you would place a second or third bet. This becomes a challenge for me when you have a portfolio of 400 companies. Everybody thinks that we should follow on with every investment.

38:06And we tell them, well, we only have like five, one in 20 companies gets a follow on investment. It's a bit of a competition for that very scarce resource in a small seed fund for the reserve dollars. And, uh, you know, right now, unless you have two and a half, three, four times year over year revenue, you probably wouldn't hit that benchmark that we've explained to our LPs is why we would do that. The most famous version of this was WhatsApp and Sequoia. what's that sequoia sequoia offered whatsapp preemptive funding i think three or four times and i think that fund that sequoia did might be a 30 20 or 30 x fund i know this because i'm in it i happen to be an lp in that fund and so this is one of the great things that can happen in a venture fund if you know you have a winner keep betting on the winner because they're so rare uh and so there's just a little behind the scenes of what you can interpret when somebody owns 30 percent and you don't see other investors now that was the other notable thing where are the other investors so that's an interesting question jason and i was trying to chase that down but there's been so many secondary transactions debt rounds and so forth it seems that everyone else kind of got diluted quite a lot that it came on later um it did have some money from goldman and such people that are kind of like ipo hunting uh but just so everyone knows core weave is again tipped for a 35 billion dollar valuation and a four billion dollar raise that's their goal we'll see what they get to.

39:30I'm watching this like a hawk because I'm so excited by it. What was the last round of funding if it's going to be a$35 billion IPO, you said? Yeah, let me just pull that up so I don't have to talk out of turn here. I'm curious what the last round was. So, just so people understand, these late-stage investors, they might invest at $20 billion,$25,$30 billion, even$32 billion. You're like, well, why are they, or even$35? So, why are they investing at, you know, just below the IPO amount. Well, they might be long-term bettors and they're just securing their position for the next five years, or they might be in fact doing something interesting, which is they just see this as a one or two year investment.

40:11So if they got in at 25 or 15, 20, 25 in the last couple of years, they're only planning on holding it for one to three years, as opposed to a venture capitalist with our winners. Now, you tend to hold your winners 10 to 15 years before they get out. so to answer your question the final data point in the crunchbase database of a material round into the company was actually a secondary transaction it was in november of 2024 650 million dollars at a 23 billion dollar post so i nailed it so that was 2023 right 23 billion uh no 24 so that was last november oh okay so here's a thing i want you to do just for fun Pull up your favorite LLM, doesn't matter which one it is, and just type, what's the IRR on investing$650 million at a$23 billion valuation and exiting two years later at$35 billion?

41:10And we will get a very interesting explanation of that. uh just to be sure what is the irr of investing at a 23 billion dollar valuation and exiting at 35 billion two years later correct and you just have to put the amount that you invested uh okay i'm investing i'm gonna say um 100 million sure and uh i'm using gpt 4.5 for this gets anyone's curious what it will do is it should explain to you the formula there's like a really crazy formula. Most people, IRR, it's actually a formula in most modern spreadsheets. So you don't actually have to do this crazy extensive formula, but it will give you the percentage you made each year.

41:51So in this case, going from 23 to 35 is obviously a 10,$12 billion increase, which is a 50 % increase from when you invested. So that's not 25 % each year, because that would be more. It's 23.4%. Got it. So there you go. And actually this is, this is totally off topic, but I didn't get the big breakdown out of a formula. Maybe I should have used 01, 03 or one of the other ones. You can say, show your work and explain to me how you calculated it and it will show it to you. So if you wanted to be a venture capitalist, these were very hard things to do is understand how all this works. Now I'm training new people.

42:26I'm like, what's the IRR? And they're like, I don't know how to do that. I'm like, chat chibi tit. Use Gemini, whatever you prefer, Grok. But this is what I did instead. i think this is very interesting so i'm gonna pull this up i just pulled a screenshot into chrome here but if you click on this little blue button it brings up an analysis window which is entirely distinct and then it just kind of broke down the math that it did and it wrote out the formulas in um how you would do that if you're writing code versus doing math on a chalkboard amazing but that's very cool i hadn't seen that before welcome to twist where we do it live we'll do it live the reason i'm doing this with you is because you can do some of this sort of higher-end analysis.

43:04And I was doing it the other day on an investment that's going to pay 42 % IRR each year of three years. So it was basically like, hey, it's clear Americans don't have the desire to fund a war in Europe, even as economically checked notes, very profitable. And then I put there, like, we spent, or we lease loaned, I don't know if people remember these arguments I had with Sachs, you know, over, hey, we lease loaned these weapons, We're going to get the money back. Like, that's the intent. If it was just a gift, we wouldn't have gone through the paperwork of a lease loan. And Biden said that over and over.

43:40But you know how politics are and political people. I'm an independent. I'm not on either side. I call balls and strikes, just a friendly reminder. Sachs, obviously, is a diehard Republican. He's the definition of partisan because he's actually in the party and he's in the administration. So he used to tell me, oh, we're never going to get that money back. Well, here we are. Trump is demanding not the$175 billion back. He says he wants$500 billion back. so it turns out trump is the best investor he beat nancy pelosi and myself over the last couple of years in terms of irr well jason not to get political because i know we're trying to keep the show focused on startups but this mineral deal has not been fully signed yet so we're gonna have to wait and see what i'm obviously making the joke that he's gonna get it done but you know even if he gets it done at half the amount the ir drops down to 20 percent yeah yeah yeah the u.s uh is you know what's the interest rate right now on treasuries that we would have gotten on the money for it turns out weapons technology selling weapons on loans and leases you might be able to make a pretty penny you might be able to make a pretty penny and then somebody dm'd me and they're like how dare you whatever and i'm like do you not understand the concept of like satire or you know any of this like obviously i'm not making an equivalency that we try to make 42 and start wars based on it i'm just talking about yeah the cynical nature of folks being like oh we gave somebody a loan and a lease on weapons we're never going to get it back and then the very next president who they're supporting is insisting not only do we get it back but we get it back not with interest but with interest that would make a mobster blush and say pump the brakes like that's that's too much you don't want to you don't want to you want to you know slowly bleed them out you don't want to kill them like 42 percent interest is nuts we got to work on your uh your blood-letting analogies when it comes to nations under attack but okay i hear you and i do think that absolutely what we need is a sarcasm font for the internet that would solve all these problems.

45:49And I'm being sarcastic when I say that, but at TechCrunch, we had a piece of software we used called Convo, Jason. It was kind of like Yammer internally. And we had a rule, which was no jokes on Convo because consistently people would make a joke and everyone would get it wrong or miss it. And so we just had to - That's hilarious. Sometimes it just, it's tough. I did not read those tweets as, I read them as tongue in cheek versus satirical for what it's worth. But here we are. Here we are. Last thing on CoreWeaver, moving on, but this is a chart, Jason, a map, sorry, of where their data centers are, Europe, North America.

46:28I think that Oracle is the buyer here of the clouds you mentioned. That's my guess. If they don't go public at the valuation they want, I think it's Oracle because I think they're hungry for a place at the table and they're tired of being the database company with more lawyers than customers. They are very big on cloud computing right now and they are being very aggressive in their approach. So if you are looking to move clouds, I can tell you they are looking to beat everybody in terms of how much they're willing to spend to get you as a customer and discounts. Actually, I wrote some of our ads back in the day for Oracle and now I'm remembering all their little sales points.

47:10Anyways, this is a tweet from someone that I know rather well. His name is Jason. and he's talking to someone from a company called AVRide about their upcoming partnership with Uber. And I think this is a pretty big news story for folks who don't know AVRide is the spin out Jason of Yandex, which had to deal with Uber back in the day. And then they got sanctioned and then da da da da da da da. Anyways, AVRide is doing autonomous vehicles and sidewalk robots. And they announced a deal with Hyundai that's going to bring them into the Uber app in Dallas, i believe and i think this is fantastic wow yeah it's um i i don't remember av ride there are so many av players um doing this but there it is av ride uh you can pull up their website beautiful looking cars um and that's a hyundai yeah so these is av ride a hyundai company or owned by hyundai or partially owned or they're just using hyundais as their base vehicle i think they're using hyundai's as their base vehicle and i'm pretty sure hyundai wants a play here to avoid being relegated to the dusty bit history i don't know if they are a direct investor would not shock me if they were um but they're going to be working with the uh ionic 5 which is their it's it's an electronic mini suv i want to say and i've seen a bunch of these around providence they're they're popular amongst the yuppies um but and they also have the robot delivery service that goes on the sidewalk i see on their website i don't know if you're pulling up the website oh i i pulled it up and put it and took it down but i'll put it back up again yeah no problem um so here is the cute little robot that they do they have partnerships click on that robot page it's kind of cool if you scroll down if you click from the navigation on the robot page um you know it looks like a little mini r2d2 four wheels uh you put a package in it it's really got lighter on the top but they have this like really interesting thing where it's showing you what it sees ah and i think these things i'm trying to think at what speed if you got hit by one of these things you would you know obviously at 30 miles an hour that's no bueno right i wonder what the speed these max speed of something on the sidewalk so if somebody was running at top speed that would be a five minute mile uh they'd be going 12 miles per hour so 12 miles per hour if somebody ran into you at that speed that would not be pleasant so it's probably these things that can only go up to five miles an hour they need to have some cushions on them or an airbag i guess if they went faster so they're not going to do that five miles an hour means it probably can go 10 blocks which is half a mile um you know in 10 minutes or something so that's kind of an or five or ten minutes they're probably good for five or ten minute you know deliveries which is probably a 10 if you do a if you do a block a minute yeah three miles an hour yeah sure i don't know the av ride top speed but i just found some information reporting about um robots from serve a company we've talked to here on the show yeah and a new drivetrain allowed them to up their speed from seven miles per hour to 11 which is quite a lot of 60 gain i don't know if i'm in favor of 11 miles per hour on the sidewalks but that gives another data point to your thought experiment it will depend on how often they crash into people um and you know what if you're in new york if you haven't experienced the electric bikes in new york people don't know this but a lot of the bike rides are done with electric bikes i have these electric bikes if you type in any of the electric bikes like if you type in rad power bike which i have one of really cool bike and you say unlock speed you could unlock the speed i think it's typically fixed at 20 miles an hour you could unlock it to go to about 30 there are other kits you know listen you can go 30 you can go 50 miles an hour on a bike i love the rad power bikes by the way not an advertiser i didn't get a free bike i paid for them but they're very cool especially like off-terrain you see those thick chunky tires oh yeah um but they're they're they're a pretty penny i have i had the one that let me take my daughters on it and they loved it pull up the pull up the version for the family wagon um you would like this it's got like a little cage you can put on the back and your kids can sit in the cage my daughters went crazy for this when they were younger and i would drive it around i would driver from hillsborough down to san mateo um it's got this like little box in the back oh i found it okay i was looking for something different so you're talking about the rad wagon which i believe the rad wagon in addition to a power bag i had two of them i liked them so much but i bought these so you see that one's got the little seat in the back you can sit there and then they have a cage option where you and the accessories you can put a cage on it and they can kind of sit in a little cage where they can hold on to bars and it kind of protects them a little bit um you know it It's super nice and a very cool product.

51:50I highly recommend it. But there are other ones you can buy that can go 40, 50 miles an hour. And in New York, there are people definitely doing this. And then they pop onto the street. It's completely unregulated. It's chaos. It is what it is. But I do think they'll compare the number of times those things crash into people and knock them out. And you can get seriously hurt. like getting hit by a bike at speed is that's dangerous that's really dangerous but higher center of gravity so my hope is that these things end up just barking your shins yeah they just tear your acl up and they just rip out your meniscus you get hit from the side and the knees i hope that doesn't happen i mean i mean here's my what are the chances of these things hitting you they must have a collision alert yeah they must know so it would have to be like somebody jumps out into the middle of the sidewalk, you know, from between two cars or something, but I think I would see it before you.

52:52Anyway, I think these robots are going to be a big win. I don't know why these haven't taken over a city yet, but man, how crazy would this be if it was only a dollar to deliver your food as opposed to 10? Oh. Big game changer, I think. I'd weigh 30 pounds more and I would be two-thirds burrito. Like, I mean, we'll just send you some Mangiorno. You know what I saw in related startup news? Yeah, breaking story i heard it on cnbc when i was getting out of the shower um you can look it up over nordisk is going to do direct to consumer d2c uh ozempic monjorno wagovi whatever at half the price this is nuts so i think there's a lot of websites i just joined one which does your blood work and puts it on into a i just joined this service i won't say which one it is um because there's two founders of these two competing services and they both offered me free products and i was just it was like one of these situations where i asked on twitter like which is better this or this and i just signed up for whichever i just signed up for one that my friend had told me about the other one was like oh my god we want you to use ours anyway what it does is these there are These new services where you do your own directed healthcare.

54:08I did a blood draw last week. They put my data online. I have a concierge. And this is like better service than I was getting from a concierge doctor in San Francisco. I was paying for my entire family, I think$30 ,000 a year. It seems like a big number. But again, imagine you're rich. It's not a big number to be able to have a doctor visit your house when your kids are sick. so that's what you get a concierge doctor the difference between my family and your family apart from one or two zeros is that my spouse is a doctor and a pediatrician so like got one at home for free but what you're and your spouse i'm assuming i never asked you this if you're comfortable um they work at a hospital or at a clinic or they work at a clinic that's part of a hospital yeah got it now imagine you know she gets 10 years under her belt and there's 10 families who would give her$30 ,000 a year, that's 300 ,000 out of the gate, to come to their house, you know, to give them personalized medicine.

55:09You can actually probably do 200 as one practitioner because if 10 families call you a week, that's 20 a week. That means you're doing four calls a day, basically five days a week. So that's how these things wind up immersing themselves. Long story short, they had in their they had they have an rx section where you can get you know the compounding pharmacy version of wagovi's you know you know all that stuff plus peptides plus plus plus so what you're going to start to see is they're going to take that concierge doctor and by the way if you use somebody like peter atia or those really high-end people i i think that's like well into the six figures is what i was told i don't know if it's true or not i'm not speaking specifically about peter ortea but other ones you know there are billionaires or centimillionaires who you know spend a quarter million dollars a year a hundred million a hundred thousand dollars a year on these kind of services those are being abstracted down into um i think about maybe three thousand per family so 90 percent less than i was paying if i put five people on it for seven hundred five people for a thousand dollars each you know with all the tests that you can do boom uh so and then they track all your data in a beautiful interface over time this is where health care is going to move if you're spending 10 20k on these kind of services what we saw in the pandemic where people could do therapy other things through remote telemedicine or get you know a z-pack that's going to be productized and it will it is being productized right now and i think it's going to change the world because what it will do is high-end people will just say you know what i'll just pay cash i'll just pay cash it's easier give me the and i think i might have this myself personally um my partner takes care of most of it but i think i took the highest deductible maybe 5 000 a year 10 000 a year so we basically have i guess catastrophic yeah which is what you want which is fine with me um because i think it's i'd rather direct it myself and and whatever so nova nardis maybe you just read a little bit uh the opening uh graph or two of what this means because a lot of startups right hymns roman are doing the and the direct to consumer yeah and i even have a friend who uses a confounding pharmacy or at least did before.

57:37But here's from CNBC. Novo Nordisk on Wednesday said it will offer its weight loss drug Wegovi for less than half of its usual price per month through a new DTC option. The cash pay offering is available to millions of patients without insurance coverage for the blockbuster injection. So a couple of things. One, it's 500 bucks a month, which is apparently less than half of what it currently costs. So savings is good. Still not cheap enough for the average middle class family i'd say but if you're one step above that this is now in your in your remit and also insurance coverage of glp ones is straining budgets for like medicaid and such i my father-in-law does medicaid policy so i i hear drips and drabs um but lower cost offering direct to consumer get around the insurance companies this makes great sense to me and here's the funny thing jason don't people stay on glp ones so is novo nordisk about to have a 600 500 a month set of consumers in the u.s just shipping them money i think this you know if you if you were to compare it to struggling with obesity which i did for you know uh 15 years yeah and shout out to kevin rose i found out about ozempic because kevin rose was experimenting with it four years ago uh like during the pandemic and i wouldn't have lost the weight if i hadn't heard him uh talked about it.

58:55He didn't exactly endorse it, but he just talked about his experience with it. I think these things are going to change the world. Talk to your doctor. Don't take medical advice from a podcaster slash venture capitalist slash blogger from Brooklyn. But I do think they will get down to a hundred bucks a month and there'll be a 90 % margin for them. And I do think a lot of people will be on them for life or a low dose of them. I just saw Brian Johnson started, who was on the program when he had his finance company back in the day. You can pull up what episode that was, but what was Brian Johnson's company?

59:28But he's the guy who has the Do Not Die Blueprint Service. Now, he started a regimen he talked about publicly of it. He doesn't have any weight to lose, but he did it for all the other things that it helps with. And so there's a lot of research. I made my own decision based on there were so many. Here it is. What was his company? Braintree? braintree right he sold this for a bunch of money just find like a still of him somewhere in there scrub to a still this is when was he on back in 2015 there's me i'm a little chubby and look at how different brian johnson looks now yeah uh compared to that he's probably his face is so much thinner now and he's in such better shape but he's still like it was a really nice guy i gotta go back and listen to this episode what episode number is it from 2015 that is we used to number them we still number them but i i don't know if we have the number in the title but just search for Brian Johnson.

1:00:24It's from September 18th, 2015. We don't have an episode number on this and I can't count that fast, but I just Googled Brian Johnson, This Week in Startups, and it came right up. So if you're listening, you can find it. There you go. All right. So we have any founder... So this is amazing, by the way. I just want to say AVRide. I also saw today and I tweeted today about my belief system when it comes to AVRides and Uber's role in all of this. So I am talking my book. I'm long Uber since, you know, being the third investor. Yeah. But here's, here's your tweet. Jason, do you want to run us through it?

1:01:00Yeah. I mean, I said to a Bology, a different Bology who works at Uber, excited to see Uber partner with so many amazing FSD players to deploy this technology widely. They were announcing, um, they were announcing Austin Waymo, which is going to be a huge hit. It launched yesterday. If you want to use it, you have to go to your settings and in your settings. there is autonomous rides and join and so you can just look that up or google it but you'll find it in settings and you have to opt in to get those rides and then they will start showing you them more often if you think about how hard this rollout is going to be for autonomous and how long it's going to take and what's important here for me this goes beyond my personal net worth you know and my shares in uber and i have exposure i won't say which companies but you can be sure I have exposure to every one of the companies.

1:01:51So no matter who wins, I'm going to win. Yeah. It doesn't matter if Uber is first, second, or third place. If they win gold, silver, or bronze, it's going to be a spectacular win for me. I don't think anybody would argue they're not going to be one of the top three. And if Tesla wins, and if Google wins, I have exposure to everything. So don't worry about Jake. Here's what I think is important. This is going to save a lot of lives, and trust is going to be important. My best advice to the market is to be thoughtful in the rollout and only do what is extremely, extremely safe. We cannot have another Uber crash like they had in Arizona with a safety driver playing Candy Crush, where tragically, a woman was killed.

1:02:34It was a homeless woman walking across an eight-lane freeway with a bicycle at night. The goddamn safety driver who was getting paid a pretty penny, and I'm very angry about this because of the loss of life, not just that one woman's loss of life, but you have to look at the actuary tables, Alex, I think, and say, how many lives were not saved because that set back autonomy? And how much further along would autonomy be if Cruz didn't drag that person and then cover it up. So goddamn crews, whoever did that cover up, not only did you drag that poor woman, not only did this safety driver kill this woman, think about all the lives and people who could have been hit by cars that would have been saved.

1:03:24I'm coming to this from the purest place possible, which is saving lives and then enabling more people to be able to take safe rides and have more transportation options, which is, you know, virtuous and great for everybody. You know, if you're a nanny or a teacher and, you know, you want to be able to, you know, teach somewhere and you can lower the price, that helps, right? Because then that nanny or teacher can send their kids to school and make a little bit more money or whatever it is, or get to their school with less pain and suffering because they had to take three buses, you know, and they could have gone direct instead of taking some crazy route.

1:03:55So I just want to clarify here, because of the safety driver playing Candy Crush, you killed the woman, my nanny is more expensive. I see. Now I'm mad too. I joke. All of this is like, you got to think in systems, right? I, I've been around long enough to know that, you know, one mistake can have repercussions. They close the butterfly effect, the ripple effect, you know, you throw a ripple in a pond. So this can work for positive and work for negative. The positive here is if everybody in the industry joins forces and works together to roll it out safely. I know everybody's in competition, but there's no rush here.

1:04:35And if the rush means another person dies and we set it back, like let's not go 10 step backwards to make two step forward and get, you know, whatever. So be thoughtful, be cautious. Yeah, go as fast as we can without killing people. And that will save the maximum number of lives. I'm actually, all jokes aside, in complete agreement here. And I think the actuarial table point which shows that self-driving cars have fewer engagements of emergency braking, blah, blah, blah. Yeah. Faster, please, but safely. And what Uber's doing, I think, is the greatest thing ever. Uber doesn't need to open their platform up.

1:05:11They could just buy one of these companies. Because these companies are worth, you know,$3 to$50 billion. They can buy one. They could open source everything and, you know, start their own project. They obviously have, but they've decided to say to 10 players, 15 players come on the platform. And of the 15 players they invited, I think 10 or 12 have said yes. Uber will do great taking 20 % of each ride and giving 80 % to that other company. Great business for everybody. So I'm very excited about that possibility. I wish Zooks and Tesla would consider running pilots with Uber or Lyft or both. You know, I don't care.

1:05:53you know uh do do uh pilots with both and let's get the maximum number of on the road and the maximum utilization this can't work if these things are only utilized for a small percentage of time and it's not going to work for you know if you if tesla and zooks want to build their own app in these markets and they don't have critical mass and they don't have human drivers to fall back on during peak times then those apps are worthless because the times you need it it'll be a 30 minute wait time what we learned at uber uh was it has to be under five minutes or people are just not going to use it or they're not going to regularly use it they will not rely on something when the wait times are you know eight nine ten eleven twelve minutes it's got to be five minutes or less it's not going to be five minutes or less in waymo as we've seen uh or uber you know unless they do it in a very dense area and it's certainly not going to be that way during rush hour or when you need it most okay that's it i'm very excited about all these different players uh joining together yeah one lesson on this we didn't get to it i forget when this data point came out monday last week but waymo is now over 200 000 paid rides per week which is 50k per week from before incrementally we're still moving but i can't wait until we get an update and it's another zero versus a smaller edition but everything seems to be accelerating self-driving jason from tesla to everyone else and so i'm just so bullish so excited and this is one of those great things right now in the world that isn't political that's just doing well we can all enjoy it everyone has a big old hug for self-driving oh thank god i can't wait it's totally awesome i'm trying to get my follower count up i have 475 followers right now um it's um i'm user slash jason calacanis just my first name last name reddit.com slash user slash jason calacanis or you just type in reddit jason calacanis and you should get to my profile page and then you'll see everything I'm talking about on Reddit and you can join the discussions I'm in.

1:07:51So you see my comments and then follow me. I'm at 475 followers so let's get me up to a thousand. That would be super helpful. Thanks to my fam. Can I just say that Jason's Reddit account was born on June 6th, 2013 making it 12 years old nearly. Very impressive. There's this other guy Alex Willhom though. I have another one. Jason M. Calacanis or I have another one that's like, oh no, I have another one that's like my secret one with my old alias. which I won't give here. But what's yours, Alex? Alex Wilhelm. And mine was born June 19th, 2008. A solid half decade before Mr. Calacanis. So I'm going to take two nerd points.

1:08:26Well, that's because I created a second one, Alex Wilhelm. If we can't compete and throw popcorn at each other, Jason, what's the point of a podcast? Okay, fair enough. Fair enough. All right. Do we put the link in for Alex? We didn't put the link in, but we'll put the link in the show notes. Better to follow yours. Follow us over there. We'll see you all next time on this week in Star Wars. Bye-bye. You