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NET Society is unraveling the latest in digital art, crypto, AI, and tech. Join us for fresh insights and bold perspectives as we tap into wild, thought-provoking conversations. By: Derek Edwards (glitch marfa / collab+currency), Chris Furlong (starholder, LAO + Flamingo DAO), and Aaaron Wright & Priyanka Desai (Tribute Labs)
00;00;00;00 - 00;00;16;04
Aaron
What a week, guys.
00;00;16;06 - 00;00;19;12
Chris
What a week, dude. Welcome to Net Society.
00;00;19;14 - 00;00;23;22
Pri
Should we start with the topic that every podcast is probably going to be talking about?
00;00;23;24 - 00;00;24;09
Aaron
What's that?
00;00;24;09 - 00;00;27;10
Chris
Pre. What could it possibly be? Three.
00;00;27;12 - 00;00;30;04
Pri
What's the only thing happening right now in this.
00;00;30;07 - 00;00;31;28
Aaron
The circle IPO.
00;00;32;01 - 00;00;46;03
Pri
Yeah I kind of forgot about that. I felt so bad I was actually watching like a video of like Jeremy Blair and their team, like bringing it in. And I was like, yeah, so. So no one actually cares. It's just been totally overshadowed.
00;00;46;19 - 00;00;54;11
Aaron
By, by the feud of the century, WrestleMania political style. Elon versus Elon versus Trump.
00;00;54;13 - 00;01;09;04
Derek
Should we, should we should we lay the foundation of what happened here, like do a little quick roundup and then I would be, I think airing right before we, we, start recording some interesting takes that I'd love to kind of unpack if you want to share a couple of them, but I can tee it up if you guys are interested.
00;01;09;09 - 00;01;10;07
Aaron
Let's teed up.
00;01;10;09 - 00;01;35;24
Derek
Yeah. So I'll do a quick roundup, which is, there's a mega bill, the big beautiful bill, massive tax cuts. There are definitely some omissions. For example, like there there was a distinct lack of EV incentives, which I think pissed off Elon Musk, Elon Musk. Musk in general has been very much about, anti spending, during his short but very loud tenure, working for Doge.
00;01;35;26 - 00;01;55;05
Derek
As a result, he started becoming a little bit public about his kind of like, frustration with the bill, so much so that he was started making some wild assertions on the internet yesterday, one of which was that Trump was part of like the sealed documents, in, in the Epstein files, which were the ones that weren't released to the public.
00;01;55;05 - 00;02;15;04
Derek
And they're being kind of like held by the DOJ and even went so far as to kind of like, retweet or hint at like impeachment. Obviously, we live in a country that's very politically divisive. We had one side of the aisle just immediately jump up and started kind of like wanting to unpack that more. We saw it kind of Trump's and, Republicans.
00;02;15;04 - 00;02;35;20
Derek
CounterPunch, which is just like, you know, kind of chatting, talking about Elon as a man who'd, like, gone crazy and lost his mind and kind of on the defensive. And meanwhile, markets were repricing and pricing and repricing kind of the drama, in real time, which basically just, you know, kind of took over the news cycle for like a good ten hours or so.
00;02;35;23 - 00;02;52;05
Derek
So that's I mean, that's kind of like the, the baseline of what happened. Obviously, there was a I think late last night, I saw that there was a reconciliation meeting that was planned for a day. It looks like that since been canceled. I think at one point Elon had threatened to kind of, stop partnering on, like the NASA Dragon launches.
00;02;52;05 - 00;03;13;10
Derek
And anyway, no, we've because these two men are both very powerful, one from an enterprise and business perspective across a number of different dimensions. And the other, the leader of the free world. I think everyone was kind of grabbing popcorn and wondering what the hell was happening and what was going on, and would this stall or accelerate American growth or demise.
00;03;13;10 - 00;03;20;10
Derek
And anyway, it was a honestly one of the craziest days I've seen on the internet in a very long time. I'm curious to hear what you guys all thought about it.
00;03;20;14 - 00;03;41;05
Aaron
Yeah, I mean, definitely was a crazy day. I think it's interesting, you know? Well, one like I, the first thing I thought about is like, I wonder how much of this is, like, a little bit planned, you know, like, I know, Trump always likes to stay in the headlines and it does kind of feel like, like a public WrestleMania type event, right?
00;03;41;05 - 00;04;01;02
Aaron
Like there's, like, depending on who you want to support, like a good guy or a bad guy, there's a lot of drama. It's all like out in the open. So I thought about that. I also realize that, you know, I wonder if this is when the Valley, which is obviously been spending a lot more time trying to shape US policy, they begin to flex their muscles a little bit more.
00;04;01;09 - 00;04;21;06
Aaron
And I wonder if Elon, you know, and his other kind of accolades like feel that they have the the strength and weight to do that. So I wouldn't be surprised if that that maybe kind of the shifts that we're beginning to see right where the valley starts to separate and almost carve its own path a little bit and start to influence and implement policies.
00;04;21;06 - 00;04;39;17
Aaron
I think a lot of the positions that they want to take related to, you know, reducing spending, putting aside, you know, the manner of which that can get done or should get done, I think that does have like pretty broad support. It definitely a support for me. It seems like Wall Street wants that as well. You know, seeing the downgrading of US credit etc..
00;04;39;19 - 00;05;01;11
Aaron
I also think just the idea of pushing and being like a little bit more pro tech or pro innovation, I think that has pretty broad, broad support. I don't know, I could just see that kind of shaking out. I was laughing when people are asking where our, our favorite cryptos are, would land in this battle because I feel like he is a little bit in the middle of it.
00;05;01;14 - 00;05;03;08
Aaron
Now, that made me laugh quite a bit.
00;05;03;10 - 00;05;24;18
Chris
What do you guys think? I think if you're a foreign country negotiating tariffs, this is fantastic. I think if you sit on the Tesla board of directors and you were really hoping to right the ship and get focused in on robotaxis, this is the disaster. You know, is this maybe only a surprise to Musk himself that this played out the way it did?
00;05;24;20 - 00;05;48;01
Chris
You know, this is a guy who perhaps has never met a limit and finally is encountering, you know, someone who, operates by his own rules. There's a very clear, established track record of, you know, operating in the present or whatever serves him best. And, gazillion people saw this a million miles coming away, and yet it still happened.
00;05;48;01 - 00;05;49;02
Chris
So here we are.
00;05;49;06 - 00;06;23;02
Pri
It is fascinating. We kind of made me, you know, it was the first like. I mean, we've seen spats on Twitter and, you know, we've seen things like crazy things like kind of happen online. But it really felt like entertainment and TV that everyone was kind of just experiencing in real time in the timeline, obviously. Like, that's to say we all experience it every day, but to have it from the most powerful man in the world versus like the wealthiest, richest, you know, most.
00;06;23;04 - 00;06;45;10
Pri
Yeah, I guess potentially influential, one of the most influential people in the world is kind of insane to see it play out in such an aggressive manner. Like at first Theron's point, I thought it was a little potential LARPing where like, maybe this was like a foil for something else. Like I immediately went contrarian with it. But the more I thought about, I'm like, if you were LARPing, you wouldn't have brought up like Epstein and gone that far.
00;06;45;12 - 00;06;52;00
Pri
It was, yeah. It's fascinating. I like, feel like there's like, no decorum at all. I don't know what to say, I guess.
00;06;52;13 - 00;07;08;12
Derek
I got a question for you guys. I'm curious. Like, and this is obviously we're well outside the scope of what we're experts in. Yeah, I think we're in kind of uncharted territory here, but these are at, to me, like the the most fun canvas to have, just like, kind of, moonlighting as there's, you know, policy experts.
00;07;08;14 - 00;07;25;03
Derek
I'm curious like, does I, I will say, like, watching the spat happen. Chris, you said something that's so interesting to me, and I think it was something to the effect of, like, Elon has never met like a a line that he hasn't come suit and tried to get a super close to as possible and, and in many cases crossed it.
00;07;25;03 - 00;07;55;25
Derek
And in this case it's there seems to be kind of some, some tension about how far he can go. And I guess the thought has crossed my mind watching stuff like this play out over the last few months that, like, Elon, has some pretty insane power over kind of national policy. I mean, like, his businesses are in many ways like powering the nation between Starlink and SpaceX for SpaceX and X for kind of the microphone that he's built for Tesla and self-driving and and humanoid robots.
00;07;55;25 - 00;08;14;25
Derek
I mean, like the reach that he has from a, from a product perspective is pretty much unbounded. And I would say, like, you know, continuing to grow, if you think about it in terms of like empire building and the thing that he doesn't have, but but is like, you know, the ability to kind of like actually set national policy.
00;08;14;27 - 00;08;52;27
Derek
And up until very recently, like it kind of felt like he he had some influence on that as well. And I think what we're seeing now is like, you know, I think power can take many forms. And in this case, it's been interesting to see like these two juggernauts like battle for power in a way that feels very modern, like, I can't imagine, a business tycoon over the last few hundred years of, you know, America's development having this much influence in this way, in this very specific way, where, like, you know, he owns, rails, he owns the skies, he owns the, the stuff underground.
00;08;52;27 - 00;09;09;07
Derek
He owns the internet and the bandwidth. And, you know, that is very much necessary for us dominance. And I think there's some really weird and interesting and novel game theory stuff that's coming. It's bubbling up as a result of this, and I don't really have an opinion there. I'm more curious to hear what you guys think about that.
00;09;09;09 - 00;09;29;29
Aaron
Yeah, I mean, I think it it kind of feeds into the points I was making before. I feel like because of that, and it's not just him, just like a handful of folks in the Valley, like they they really are, you know, the most powerful group. And they probably are more powerful than the US government in aggregate. And I think that that's why they may just start flexing that muscle a bit more.
00;09;30;04 - 00;09;51;02
Aaron
The US economy depends on their success to a, you know, tremendous degree, you know, whether it's Faang or, you know, some variety of that. It's always like some cluster of tech companies that are driving us economic growth increasingly necessary to maintain or enhance, like the US's, your defense capabilities, you know, in all of the next generation tech where people want to compete.
00;09;51;02 - 00;10;12;09
Aaron
So I just feel like they may, in a weird way, actually unify the US a bit and hopefully cross the political divide just because they are so essential to to different things. And I think if they're not getting their way, they're going to start being a lot more loud about that. In many ways, like Trump's re ascendance was was partially a reflection of that, right.
00;10;12;12 - 00;10;41;24
Aaron
Like when the previous administration was was moving a bit to anti tech, just based on its more progressive, wings. You know, I think that that is what kind of made the shift and was one of the contributing factors to having Trump back in office. Right. Elon was definitely part of it. But he wasn't alone. And I feel like if, Trump and the Republicans, you know, aren't kowtowing or at least dovetailing to what this cohort wants, they're going to they're going to find, you know, sympathizers and kind of press that forward.
00;10;41;26 - 00;10;49;13
Aaron
And the power that probably was once in Wall Street or in different parts, the East Coast, big industries, is just moving, moving at West.
00;10;49;13 - 00;11;15;12
Pri
Eric know it's funny about that. And just related to your comment is that Elon's instinct was to basically pull on X whether or not people wanted to start their own party that reflected like the views of whatever, 80% of the country. So it's like maybe that that's kind of the endpoint was like kind of fits into the whole network state thing, which I won't bring up right now, but it does feel like there is this utopian vision of of how state should work.
00;11;16;02 - 00;11;45;17
Pri
And maybe, you know, this, this he, he kind of didn't really understand how DC actually work. It kind of came from this like naive. This is my view, tech perspective of, yeah. Like we can really fix DC. Let's clean it up. I think, like there's this Silicon Valley hyper efficiency. Let's optimize optimize, optimize. And like also not understanding that most fields are filled with pork, filled with garbage in order to like, accommodate other people to get things actually through the finish line.
00;11;45;19 - 00;11;56;08
Pri
I don't know, I think that was a little bit of a wake up call. I don't think he fully gets it, but I actually don't think tech fully understands how DC work still. And so maybe that leads to like new opportunity.
00;11;56;10 - 00;12;32;02
Chris
Yeah. So part of the problem with this idea that the Valley is going to lead a third political party or, you know, wield influence via the electorate. Is that real reform movements and revolutions don't happen exclusively in the streets. They happen when in Marxist terms, the proletariat aligns with an elite professional class who's had enough with the way the government is running like, you have to have both those things working together to actually effectuate change.
00;12;32;05 - 00;13;09;02
Chris
It's hard to see Silicon Valley in its current posture. In its way, it has a pretty much a complete disregard for the everyday person. Unless there is money coming in from them and that they're a product, it's hard to see how they actually bridge that gap and form that union, because when you walk up and down the roster of, you know, potential people who would emerge from the valley and, you know, kind of act as that, that figurehead, it's hard to find anyone who's actually both wields the amount of power.
00;13;09;04 - 00;13;40;15
Chris
And I think demonstrates that that empathy for everyday concerns. And so I think they can try for this. And I think they can probably pull, you know, let's say 10% of the population, maybe a little higher. But the world is filled with people who just are are older or in different situations, who maybe their, you know, their uncle worked at the government and Elon laid them off.
00;13;40;19 - 00;14;02;19
Chris
I mean, think of it like, how many people are out there right now who are former government employees who lost their job in the first half of this year and who are now looking at this? Elon trumps that and saying, what the fuck, you destroyed my livelihood. You took away my purpose. And over what? It's now completely blown up.
00;14;02;21 - 00;14;14;10
Chris
You're not actually going to get any cost savings. The man who did this is publicly at war with the president. What? What good came out of taking away my job here? You know, I think.
00;14;14;13 - 00;14;38;03
Aaron
That's a great point, Chris. Yeah. I don't think they're going to I don't think the fed is going to pull like the like everyday, folks. I think you're right about it. I think they're going to pull the elites and I, I think they have a lot of sympathizers in other elite pockets. Like if there's like a rank ordering of kind of elite interests, like the Valley's obviously an important one, but I think they're really like going to flex their muscles and pull like pull over Wall Street.
00;14;38;03 - 00;14;59;22
Aaron
Right. Like pull over, you know, different industries just kind of with them. And that's what I meant more by the realignment. And I wouldn't be surprised if a lot of them Ryland back in the Democratic Party and the Democratic Party is kind of realigned because of that. Does that make sense? And I do think elite, the elites do kind of drive a lot of policy, at least related decisions.
00;14;59;22 - 00;15;18;23
Aaron
You know, I wouldn't be surprised if like after this, you start to hear more Democrats taking serious and the progressive wings were not doing this right, like about cutting government spending, right. Or seeing, you know, some of the more or the next generation of Democrats begin to align a bit more around this idea of being a bit more pro tech.
00;15;18;23 - 00;15;38;08
Aaron
Right? And not like this, what I view as kind of like a self-destructive, like anti tech narrative that, that really rooted in the progressive part of the, you know, the left. So I just think it's going to kind of mute those voices a bit more and hopefully like reformulate it under possibly in another party because it's kind of like Elon's kind of mad at the Republicans now.
00;15;38;12 - 00;15;46;29
Aaron
It's not I don't even think it's really Trump necessarily. I think he just the Republicans just know this, like pork barrel spending and this massive spending bill. It's kind of gross.
00;15;47;01 - 00;16;17;25
Chris
It is a shining moment for deficit hawks or people who do worry about profligate spending. It is a real concern. It's not quite up there with climate change, but it's, you know, it's in the same ballpark as the big massive, almost incomprehensible problems that do feel very hard to get your hands around. However, continuing to kick the can down the road is ultimately the most self-destructive things we can do as a nation.
00;16;17;27 - 00;16;44;02
Chris
Literally, on both of those things, you know? And I do feel everyone wants to see a change here. And, you know, to your point, er and I do wonder, like it was that a weird moment in time between progressives and gerontocracy, in which they wielded an outsized amount of power through alliances to, you know, really slow down the pace of progress at the wrong time.
00;16;44;02 - 00;17;09;04
Chris
That's that's triggering, you know, a lot of this reaction. I as I accelerate his automation, accelerate as we continue to erode wage earnings and then, you know, throw out solutions like, oh my God, no one's having babies. Let's give someone $5,000. Like if you're a parent and you saw that, you were like, oh, thank you. That's two months of daycare if I'm lucky.
00;17;09;06 - 00;17;35;11
Chris
Well, how out of touch from reality or any, any of these solutions. And so I do believe there is an incredible amount of frustration at, you know, just how casually everyone, treating these problems and, look, it'd be nice to like something gave somewhere. And, you know, we actually push forward because we can't go on like this, but there's a whole murderer's row of meet head stuff we can talk about today.
00;17;35;11 - 00;17;48;29
Chris
I mean, Derek wanted us to get back to our expertise, which is clearly planning clandestine drone operations to destroy critical bombing assets. And so, Derek, why don't we, get there?
00;17;49;01 - 00;18;03;13
Derek
I mean, I will say I am enjoying this conversation. I think it's like there's a I mean, I can't tell you, like, there's a real moment. I feel like that's happening right now. And I feel like people are trying to make heads of tails of everything. And I think it was Boone that one of our listeners and also I just a really good, good dude.
00;18;04;01 - 00;18;28;07
Derek
I had like a tweet yesterday. I think it was I think this was him. He's like, I'm. Is anyone else tired of the attention economy yet or something to that effect. And I don't know, I think like, yeah, there's some real structural shifts happening and I think we're all kind of feeling this, this, these vibes change in real time, like something feels very different about America and, the future of the world after this week.
00;18;28;09 - 00;18;45;29
Derek
And I think I don't really have a I don't really have a totally pinned down yet. And I'm, and I'm unwilling to take a stance that it's like, not on that bad, but I will say like there's some real shifts happening here. And I think it's important maybe to take a beating, even if we don't have we aren't experts here.
00;18;45;29 - 00;19;02;14
Derek
I think it's fun and interesting and also useful to kind of like, think through it a bit and hear what everyone's thinking, because I think it's important. That being said, it doesn't have anything to do with what we are experts in. So, yeah, I mean, there's a I think there's a couple of things that that caught my eye I'd love to chat with you guys about.
00;19;02;14 - 00;19;24;21
Derek
I think the first is I'd love to hear I'd love to hear it personally, just a little bit more about Aiden. Like, I think you guys opened Aaron in prayer. You guys opened it up this week for investors to start kind of syndicating capital. I think directionally, I'm pretty excited about the this evolution of, let's call it like synthetic VC, and what that looks like today and what's algorithmic tomorrow.
00;19;24;23 - 00;19;25;17
Aaron
Algorithmic venture.
00;19;25;17 - 00;19;25;29
Derek
Derek.
00;19;26;00 - 00;19;27;12
Aaron
Algorithmic algorithmic venture.
00;19;27;14 - 00;19;54;17
Derek
TM TM and yeah. I mean, like it's fascinating. You guys have always been I saw this on a previous episode, but you guys have always been ahead of the capital formation on chain stuff. It's one of the reasons I fell in love with the tribute product and you guys and. Yeah, but I think it'd be at least fun for me, selfishly, just to hear how you guys are thinking about Aiden and what what you're excited about and, and how it's going and how it works and how it could work in the future if you guys want to, if you guys feel like doing that.
00;19;54;24 - 00;20;21;22
Aaron
Yeah, I mean, I, you know, it really started once we saw kind of that inflection point from GPT three, you know, to 2.5 to 3. I think once that happened, it became pretty clear, at least in my mind, that this stuff was going to move very quickly. I started playing around when I saw GPT three. I really started thinking a lot about programing, and so I was pretty early on that train of just seeing, you know, what these systems can do just in terms of software development.
00;20;21;24 - 00;20;45;19
Aaron
And I spent a lot of time with it, also just using it to evaluate different things and predict different things. So when I hear like the word inference engine, I think of prediction, because it really is like at the core of like predicting things. And so it seemed pretty obvious to me at least, or at least a good thesis that in the long run, like these AI systems would just get better, better at predicting and reasoning for certain future events.
00;20;45;22 - 00;21;16;28
Aaron
And that would include everything, right? Not just like helping you and predicting like an answer, like what's a good restaurant to go to or planning out, like travel plans, but you know, deeper and more high reasoning parts of the economy. And I think we've kind of seen that play out over the past couple of years. So there's increasingly large amount of academic research that is already showing that when it comes to evaluating medical cases around GPT four, it began to eclipse the work of doctors.
00;21;17;08 - 00;21;37;27
Aaron
We're seeing from great projects like Harvey and Cass Text that these AI systems are better than most lawyers, just in terms of evaluating, understanding the complexities when it comes to, you know, laws and statutes and case law and all this complexity. And we're seeing early indication that it's the same thing when it comes to anything in finance.
00;21;37;27 - 00;22;03;28
Aaron
So there's some early academic work that's showing that, these AI systems are better traders when it comes to public markets. And so, to me, and because of our work in supporting all these different investment communities, it just seemed pretty obvious that the same thing's going to happen when it comes to private markets and private capital, that these systems will get better and better at identifying which projects are the most promising to support.
00;22;04;01 - 00;22;23;13
Aaron
They'll get better, better at identifying blind spots and just which projects to, apply capital to. And over time, if it's not already, there will be, you know, some of, if not the best investors on the planet when it comes to venture capital or just private equity, private capital in general. And that's kind of the core thesis related to to aid.
00;22;23;13 - 00;22;41;12
Aaron
And so about, you know, a year plus ago, we started on some early versions of eight. And the idea with these early versions was just to automate some of the diligence processes. So like, hey, can we use a combination of AI and, you know, other systems to collect a bunch of information about the project and just put together a basic diligence related to it?
00;22;41;13 - 00;23;02;28
Aaron
Once we did that, and then we went through a couple versions of that, we started, asking the AI systems whether or not they be able to predict the post-money valuation or kind of the value of a company after going through that diligence process. And we were we were reasonably surprised that in many instances, even if the AI system didn't know the value of a company beforehand, it was able to predict it pretty well.
00;23;03;05 - 00;23;29;00
Aaron
A lot of companies they like raise it if they're very early stage anywhere from like a $10 million valuation to like up to a 30 or $40 million valuation. And the earlier versions of Aiden were able to kind of predict that. So we were really encouraged by that. So we, we we began to kind of press on the gas after we saw that and some early positive indications where we we wanted to think about, you know, how we could automate the entire process kind of related to that.
00;23;29;04 - 00;23;36;15
Aaron
But maybe I'll just stop there. I don't know if you wanted to kind of add anything, but can talk about kind of how it works if, if you're, if you guys are interested.
00;23;36;17 - 00;23;54;28
Pri
Yeah. It didn't like kind of interesting because it's like two parts that I think are really different. And like, you guys know, we've been and for the audience to like, we've been supporting online communities to like coordinate and invest together for quite some time. So like seen a lot of like we just learned a lot. I think we, you know, we've seen how it works.
00;23;54;28 - 00;24;17;01
Pri
I think some of them perform well, some maybe not as much or so. Maybe the thesis didn't play out for a few, like whatever. I think it's like we've just been able to like, see what has worked and what hasn't worked just across the board. And it's really I feel like what was kind of missing with DAOs in general was like the autonomous aspects of it, which is like, you know, I think we see that a little bit.
00;24;17;01 - 00;24;34;13
Pri
We've talked a lot on the pod here about like, but I think, you know, let's try to there's, there's a way to apply a lot of the autonomous aspects of a Dao across other things outside of just AI art, for example. And I think we're at the place to do that. So that's kind of what I'm excited about as well.
00;24;34;13 - 00;24;55;29
Pri
And like the predictive elements of it are really cool. We have like an edge. We have like a, almost like an, an agent investment committee. So it's like five different agents. We have one that's focused on financials and other. Let's focus on monopolies and other that's focused on network effects. And so, so on and so forth. And so they have their own opinions of a specific company.
00;24;56;02 - 00;25;00;05
Pri
And really the report is like pretty robust. So that part is super interesting I think the.
00;25;00;05 - 00;25;15;14
Aaron
Other yeah let me hop in here. The like phase one was just kind of this report and then predicting the valuations. But we realized after that is and I think this is becoming more of a norm like these agents. You can build kind of an agent that has a persona. What we thought was interesting was kind of using that agent to vote.
00;25;15;22 - 00;25;42;18
Aaron
So I think a lot of folks just kind of look at these agents and see them as like servants or like taskmasters for them, which is great. I think over time they're going to really become increasingly autonomous and actually participate and elicit and have kind of discrete opinions. So we wanted to explore that kind of design space. So the way it works in venture today is that usually the partners at a venture fund, you know, some junior workers that are at that fund will do the diligence.
00;25;42;18 - 00;26;01;21
Aaron
They'll do the, the, the work. And so we built this a really robust report that can take in, you know, pitch deck. It can take in and evaluate and search for information about the project through different slurping. And that's basically like how you get an LLM to do a search, so you can collect a whole bunch of information about it.
00;26;01;21 - 00;26;20;18
Aaron
And it builds a really, really robust diligence report and can predict the valuation. After that, we want to play around with this idea. Can we get these agents to actually vote? And so we built an investment committee where they vote on whether or not they want to back a project, and they look at it from a bunch of different perspectives and similar perspectives to what we see at different venture capital funds.
00;26;20;18 - 00;26;40;28
Aaron
You know, some of those funds have folks that are really, really, really focused on network effects. They believe that that's like a a great investment thesis and a great way to find great projects to back. There's other kind of venture capitalists that really look at the tech they want to back, you know, the next generation of really, really great bleeding edge, defensible tech.
00;26;41;01 - 00;27;01;19
Aaron
That kind of is an early indication of what the future looks like. There's other investors that really look for moats or like areas for monopolization, which is a little counterintuitive if you're a normal person. But as an investor like that is kind of the goal of a company, it is to to become a monopoly. And so we have an agent that kind of evaluates these projects from that perspective.
00;27;01;21 - 00;27;16;09
Aaron
We have another agent that really looks at the financials. They're kind of more of a traditional investor in the sense that they're just looking at the unit economics of the business. Is this a business that's going to be able to have a business model? And then we also just have a very, very traditional value investor that is evaluating it.
00;27;16;12 - 00;27;34;09
Aaron
And what's cool is that we can imagine a future where you could have, depending on the project, lots of different agents that are democratically voting on whether or not they want to back a project, depending on whatever category it is or its background or history. So that was kind of the the next thing that we did with with Adam, which we thought was pretty cool.
00;27;34;11 - 00;28;06;18
Aaron
Aiden is also now able to actually make investment recommendations, so it can look at some basic information about an investment vehicle, like a fund, like how big is a fund, how far along in its deployment cycle is it, what categories of tech or, you know, industry does it want to support? Can also take a look at a thesis, and it can basically take that all into its context and look at all the other information that diligence, you know, whether or not the agent board wants to support it.
00;28;06;18 - 00;28;27;17
Aaron
And it can actually make a recommendation on how much to invest in the project. And since we were pretty encouraged by the ability of these agents to predict valuations like Post-money valuations, where we're seeing whether or not it's going to be able to predict growth rates and actual returns. And so it's a little bit hard to evaluate the accuracy of it.
00;28;27;17 - 00;29;02;15
Aaron
But my gut tells me it's probably better than most humans that are being asked to do that, and probably over time will be really good at that as well. So kind of end to end in a couple minutes. You have a system that can learn everything about a given project, collect all the information related to it, build a diligence report, predict a valuation, push it up to basically like a AI based investment committee to decide whether or not an investment should be made and then at the end, actually recommend based on the specific vehicle, what what the quantum of investment should be or the amount of investment should be.
00;29;02;25 - 00;29;25;14
Aaron
So we think that's pretty cool. We've also built a separate agent that can collect diligence. It can actually talk to teams and answer diligence questions or open questions based on the material that's found. Collect that, put that into its context, and actually begin to rerun the report a little bit more on the technical side there. But we also can see these systems being increasingly dynamic over time.
00;29;25;16 - 00;29;50;17
Aaron
And just taking a step up. It's kind of what we started with. I just think this era of algorithmic venture and algorithmic private equity is starting. There was a couple early examples of people wanting to do that. I don't think they had the tools at their disposal, and it's going to be a bit like what we saw with algorithmic hedge funds, where in the late 80s to 90s, we started to see more and more hedge funds use computers, early versions of AI to basically trade.
00;29;50;19 - 00;29;59;11
Aaron
I think we're going to see the same thing when it comes to venture and private equity. And that was just starting. And, and Aiden's really, an early example of, of how we can kind of get there.
00;29;59;13 - 00;30;34;18
Derek
It's super cool. I'm curious to hear your Christmas take as well. But as someone who's kind of like starting to go a little bit deeper down the rabbit hole here, there's something super fun about like, the suite of tools that you've built that lends itself well for venture, but also, like any internal decision making within an organization where like, should we invest, you know, $500,000 in and CapEx to kind of build this, this new thing over in this random plot in Virginia, or should we, you know, given everything you know about internal business and our strategy for the next quarter, should we, you know, spend, x amount of money doing, you know,
00;30;34;18 - 00;31;02;23
Derek
XYZ that job or, you know, hiring this, this, you know, consulting agency based on their previous work and the metrics associated with that previous work. I think there's something really cool about this. And like, kind of, kind of like very, very applicable to kind of like a lot of how decisions get made around investments, probably. But for venture, I think it's, it's it's got a unique fit, given how digital things have become and how, you know, how, how internet based venture has become over the last few years.
00;31;02;25 - 00;31;22;03
Aaron
Yeah, I think it's more than venture. This is it keeps on surprising us. So and pre can talk about this in a second. But the way I think about it Derek it's a lot like Moneyball and not I know not everybody's like a huge sports fan but we saw this in sports where you had kind of clients or like these more algorithmic systems kind of process all the data related to sport, you know, baseball or basketball.
00;31;22;03 - 00;31;37;20
Aaron
And it just changed the game. I think it's the same thing that's going to happen in venture. That's kind of what happened with hedge funds, right? Like they just were looking for different patterns and correlations to make money and then some of them found that and did a great job. I think it's I think these systems are going to do the same thing here.
00;31;37;23 - 00;31;58;09
Derek
Do you think with with Moneyball, like I think there's, there's the, the, the data that was primed for that type of decision making to exist. It just hadn't been done before. Right. So like everybody, you could look up batting averages and you could, you know, earned runs and pitches and you know how else to make performed in the outfield, like all that stuff.
00;31;58;12 - 00;32;26;10
Derek
You know, all of those that, that that hard data was being aggregate and, and collated but wasn't really put to use in that way until kind of the A's did it with Moneyball. And I think you're spot on with this. I guess my question for you is with venture specific, why do you feel like there's a sweet spot for venture today where where a lot of that data exists, like there's an 8020 in terms of the types of data that exists, so that the Moneyball like outcomes that you're describing can exist.
00;32;26;10 - 00;32;34;21
Derek
Is or is it, or is that where some of like the soft skills of eight in jump in the kind of like overweight there, like, does that question make sense?
00;32;34;28 - 00;32;52;25
Aaron
Yeah, completely. I think it's both right. Like and I think you've seen like the modern baseball teams blend the two together. Right. Like the old school baseball scout would like go to, you know, high schools or colleges and like look for the right cut of people. Right. It's a lot like what a venture capitalist does today. Like, are they, you know, are they presentable?
00;32;52;25 - 00;33;10;23
Aaron
Like, did they go to the right schools right today? You know, have that like kind of junkyard dog or like tenacity to, to really build it to they have, you know, that wild eyed idea, you know, and vision so that they can attract people to, to kind of join the, their business. And I think that that's always going to exist.
00;33;11;00 - 00;33;31;18
Aaron
I do think over time, though, that these AI systems will be able to capture that information. There's already some great tools that are out there that are initially being used for stuff like customer service and success just to evaluate, you know, sentiment. You know, how how is somebody feeling or operating during a call, etc.. So I'm I'm not 100% convinced the AI systems can't do that.
00;33;31;18 - 00;33;50;28
Aaron
But I also think there's a lot of stuff that was missed with that, like traditional way of evaluating, you know, baseball players or basketball players. And I think that's probably the same thing in venture. And we kind of know that. Right? Like if you didn't go to the right schools, you're not like, focus on the right topics, like you have a hard time getting capital allocated towards you.
00;33;50;29 - 00;34;07;06
Aaron
I mean, the whole story of crypto is in many ways like that story. Right? And I think that you probably will see some gaps here. I also think, you know, we're moving into an area that's probably going to move faster. It's going to get harder and harder to kind of keep up, or at least that's one thesis.
00;34;07;06 - 00;34;36;03
Aaron
And so you're going to need these algorithmic systems to just keep up. Right now we have like what, 2 to 4 like reasonably significant tech waves that are happening. If I if I said in two years there's ten significant tech waves that are happening, would you be like completely shocked? I wouldn't be. And I do think these AI systems can kind of provide investors with that agility that I think that they may need to kind of bridge into all these new, diverse and probably like cross-pollinated topics.
00;34;36;06 - 00;34;47;18
Aaron
So I think that's kind of another benefit. I don't think it's limited to, to kind of venture. Derek. And maybe you want to share kind of some of the things you've seen has been putting in like even like later stage private equity stuff as part of it.
00;34;47;21 - 00;35;16;03
Pri
Yeah, totally put in like later stage deals, which is actually been kind of fun to see even some where like it's just simply from the website too. So not a lot of like external content that you would see for like more public companies, but even just more private companies that are mid-market have generally been pretty strong as far as predicting the valuation and return profile and diligence questions actually like the quality and the diligence questions that comes up with or are pretty high.
00;35;16;03 - 00;35;39;24
Pri
So from that point of view, it's it's been and the thing that I was kind of remind myself as well is like, you know, it's not 100% perfect today, but this is the worst it's ever going to look, so if it's any indication of where we are today, you know, I'm pretty optimistic that the hit rate for some of these early stage companies could be pretty high over time or higher over time.
00;35;39;26 - 00;36;01;02
Derek
Yeah. For sure. I'll also just say it's like definitely an upgrade from what we do. On my investment community, we just light a very big fire. And then everyone just dances around. And then I point a staff up at the sky. And if it rains, we invest in. If it doesn't, then, then we don't. So this this process is a little bit, a little bit more data heavy, which is, which is cool.
00;36;01;04 - 00;36;07;16
Chris
So, Derek, that explains why you're up in Los Angeles, right? Because you can invest in everything and just bring that much out.
00;36;07;19 - 00;36;09;22
Derek
There you go. You got it, Chris.
00;36;09;25 - 00;36;27;02
Aaron
Yeah. But I, I also think private equity and venture is a good area to, to be in, you know, so in the algo hedge fund world, you kind of have to be like 100% accurate at this point. Right. And there's so many optimized systems to do that. You know, for better or worse, like the batting average for venture is still pretty low.
00;36;27;04 - 00;36;52;04
Aaron
So I think there's a lot of room for growth here. You don't need to be 100% right. Like you still can be. You still can have like a healthy margin of error. And just the way venture works hundred percent, it accommodates that. I also think, you know, we are getting expanded context windows, which is amazing. But the total data that you need to evaluate, you know, most projects, it kind of fits where the technology is today.
00;36;52;10 - 00;37;11;06
Aaron
You don't you don't need like, you know, insane, insane, insane data rooms with like every bit of information, I think to actually make a meaningful improvement here and I think to kind of point, like whatever we built, we're obviously very proud of, we see lots of hair and room for improvement. So probably is like in the mid journey four finger era.
00;37;11;06 - 00;37;31;19
Aaron
You remember when Midjourney came out and like, oh yeah, make a human and you see like four fingers the like 18 month. Yeah six fingers whatever. You know. But like it over the course of 18 months. Right. Those four fingers turn into three fingers and two fingers and one finger. And now they're they're pretty spectacular. I think it's going to be the same thing here when it comes to kind of these automated investors, you know.
00;37;31;19 - 00;37;47;19
Aaron
And we were joking internally, I'm sure many of the listeners here heard like Marc Andreessen saying to himself that like his his job is is secure. I think that's actually right. But at the same time, I think it's going to just have like different actors and potentially more AI energetic based actors that kind of fit there.
00;37;47;21 - 00;38;10;18
Derek
I think that's true. Yeah, I definitely will tell you, like these tools that you're describing are useful for any venture investor, no matter what stage they could be underwriting series investments. They could be underwriting pre-seed deals. But the kind of the the process start to finish that you described, like those are all tools that help, you know, inform or upgrade or tailor the process that that investors of all stages already do.
00;38;10;18 - 00;38;27;06
Derek
And so there's no question to me that the stuff that you're building will start to more take up more space in that value chain. I think to your other point, like just in terms of optimization, you know, I there's this really fun video that's going around. You guys are probably seeing it because it probably circulates every six months on social media.
00;38;27;06 - 00;38;49;28
Derek
But it's like how NASCAR tire changers have upgraded their process over the last 30 years, and they count it by seconds, you know, like when they pull in for a pit stop and the crew comes out and the crew chief is like, you know, banging the drum and everyone's just changing the tires real quick. You know, that process, they there's like a bit of fun video that I saw earlier this week where it's like that process in the 90s took probably like 10 to 12 seconds.
00;38;50;00 - 00;39;10;13
Derek
And they showed like what it looked like in the 90s and the 2000 and the 20 tens in 2020 and 2025. I mean, like the they have completely optimized that process over the last 30 years so that it takes like a I think it's like less than a second now when it pulls in and before it starts pulling out and it's just like, that's just how this stuff works.
00;39;10;13 - 00;39;29;29
Derek
If there's a, you know, a job to be done that it provides value, like, and it's better than, you know, and then it's just like the way kind of products and services work around it because it's so valuable. Over time that thing gets optimized, it improves. And, you know, kind of the service area becomes a little smoother, the product becomes a little better.
00;39;29;29 - 00;39;36;29
Derek
And, I can imagine like that over time, you're going to find that with it. And it just like continues to, to, to get better and better and better.
00;39;37;02 - 00;40;02;12
Aaron
Yeah. And I think, you know, I could be wrong, but I feel like my gut tells me for a lot of these flows, like, as we want to improve and automate different white collar knowledge work processes, it's a bit like a manufacturing line where you're going to want you're not just going to want to throw it to some LM that will probably still for a long time have a rate of hallucination.
00;40;02;14 - 00;40;18;16
Aaron
And so there's different points and steps along the process that you're going to want to rerun. You're going to want to add quality control checks to and like all these different bits. And so really like at the core what, what we're hoping with adding is we just make, make people's lives easier so they can just kick off that flow.
00;40;18;19 - 00;40;36;21
Aaron
And you're you're consuming a tremendous number of tokens. So you don't need to sit there and go through that process with whatever interface you kind of have with an LM. And I think there's a lot of value to businesses and projects that do that in the long run, and they can begin to optimize it. In my mind, it's a lot like a manufacturing line for any product.
00;40;36;29 - 00;41;00;06
Aaron
But now we can manufacture our knowledge, right? Information reasoning. And so you want to build out like step by step, that process and make sure that it works and you get a consistent, reliable answer on the other end. And I think that that's a pretty fun engineering challenge to do that. But Derek, you know, even on your point of like incorporating like agents as part of decision making processes, you know, there was some early, examples.
00;41;00;07 - 00;41;16;18
Aaron
And I bumped into this when I was in academia and, and writing about, you know, like DAOs and some early blockchain stuff where people have experimented with that. I do think that we're going to see more and more of that process where it is kind of like humans and, you know, these AI systems kind of working in tandem together.
00;41;16;21 - 00;41;34;11
Aaron
I think a lot of it's a lot like Moneyball, right? Like it's like you want to know what you know, the Moneyball quants are saying. But at the same time, the GM, you know, wants to know, like, what the humans are, you know, the human intelligence and interpretation is and really, it's like that combination of the two that leads to the best decisions.
00;41;34;14 - 00;41;59;22
Aaron
So I don't think it's like a binary world of like either, you know, I automates everything. I never bought that or like it's not going to achieve any significant improvements. I think those arguments just get weaker and weaker by the day. I just think it's us working together in some capacity. And you know, that's why us attribute and building and, supporting DAOs like we're in a kind of unique position where we kind of have the beats of that.
00;41;59;22 - 00;42;23;20
Aaron
So the idea with Aidan is we're going to test it out in, in a Dao where Aiden's kind of sitting in the middle, and then humans are going to have the opportunity to kind of weigh in and keep the eye and check and like, tweak parameters like on the edges, but to focus on areas to focus on, so hopefully you kind of get this human to AI flywheel where you have hopefully like a hive mind of people making decisions.
00;42;23;20 - 00;42;38;20
Aaron
And then at the same time you have this kind of like AI hive mind that that's beginning to like evaluate all these projects and, and hopefully getting rid of a lot of this gut work that, frankly, nobody wants to do, probably not even the AI, once they're smart enough to to complain, they don't even want to do it.
00;42;38;23 - 00;42;55;18
Derek
Yeah, I love it. Well, set in and pray this fun. And yeah, I'm excited. Full disclosure, I, I, I signed up with my business partner where we're, we're excited to mess around and need it. And participate in the product. And yeah, very, very, very stoked for you guys to to put this out there. Yeah.
00;42;55;18 - 00;43;21;11
Aaron
And it's it's fun. I mean, like on the AI side, you know, I've been really even another couple weeks past another new model upgrade just with like, you know cloud for and cloud opus or cloud for opus. It really every week it's like crossing like another milestone. It's really getting harder and harder to see. Like how, software just gets like has software engineers generating it at this point.
00;43;21;12 - 00;43;27;24
Aaron
It's absolutely wild just how fast that's moving. Like, I don't even think words can kind of captured. It's pretty insane.
00;43;27;26 - 00;43;45;23
Chris
It also used to be you just need to know what the best model was and spend your time with it. And now we're starting to see the models have more specialty roles and your understanding of which model to use and which context is becoming more valuable.
00;43;45;26 - 00;44;08;29
Aaron
Yeah, completely. You know, but there's there's that. And then at the same time, Chris, at least when it comes to some programing tasks, they just get better and better, where even if you have amazing software engineers working for you, I just think the system just moves so quickly and they can they're getting a little bit more agenda care, they can do a bit more work and they just like pantry through stuff.
00;44;09;06 - 00;44;31;03
Aaron
It's like wild, huge refactorings if you, you know, have an issue, they can just bang it out with with ease at this point and even like it's the way and the way it's attacking and approaching problems. It's just getting more and more sophisticated. I don't know what it's going to look like by the end of the year, but and I know, like the anthropic folks have, like Boastfully said, you're not going to need software engineers.
00;44;31;03 - 00;44;36;29
Aaron
But honestly, it's like every week it gets significantly better. It's I think it's very hard for a lot of software.
00;44;36;29 - 00;44;37;19
Derek
Engineers to kind of.
00;44;37;19 - 00;44;38;26
Aaron
Keep up with this. At this point.
00;44;38;28 - 00;44;47;29
Chris
You will be happy to know. Aaron, I just signed up for cursor. Let's go. Finally, although you're going to crack up when I tell you what I'm using it for, I.
00;44;47;29 - 00;45;09;07
Aaron
Don't care, Chris. And if you need any help, this is on the public record. Just let me know. I'll help you in any way. Chris, I think you plus cursor is going to be a magical comet combination. Then we're going to get we're going to get Derek hooked up on that. And then finally and although he's played around with a little bit, but I think once you guys can can connect your mind to the power of software, there's going to be no stopping that society.
00;45;09;09 - 00;45;17;08
Derek
I love to hear it. But speaking of like, do we do we get any hits pre from, people wanting to design some cool art for our first NFT drop?
00;45;17;13 - 00;45;19;04
Pri
I think I got one hit.
00;45;19;06 - 00;45;31;20
Chris
No, no, no, I have not done this for just before I got on. I haven't had a chance to get back to back seats, but. Aaron. Back seat, set up a little chat where he's, tricked out, chunk and, Oh, nice colors.
00;45;31;24 - 00;45;33;21
Pri
Oh, okay. Yeah, I did see that.
00;45;34;13 - 00;45;37;10
Derek
So I call that I call one and a half. One and a half.
00;45;37;10 - 00;45;39;28
Chris
Yes, but we're getting there, gang.
00;45;40;01 - 00;45;40;19
Derek
We're getting there.
00;45;40;23 - 00;45;59;29
Aaron
We should pause. I know we gloss over it, but the circle IPO is huge, right? It's up. I mean, whether it stays there or not, I just think one is one of the best run projects, in the space. I think, you know, Jeremy has done an amazing job kind of building an organization, you know, building out tokenized dollars.
00;46;00;08 - 00;46;29;05
Aaron
That's one of the core use cases. They're definitely the leader, or at least or one of the leaders. It's great to kind of see the market respond positively to something and, and exceed expectations. I think that's going to open up like a huge aperture for other exchanges or crypto projects to go public, which is pretty great. And I, I think it is like kind of a real marker of maturity in the space as like we kind of edge continuing, you know, edge into the installation phase.
00;46;29;05 - 00;46;32;15
Aaron
What what do we want to call that pre? I think you had a better, better name for it.
00;46;32;19 - 00;46;36;01
Pri
I don't know, it's actually technically the deployment phase but the deployment phase.
00;46;36;01 - 00;46;36;19
Aaron
That's it.
00;46;36;21 - 00;46;37;17
Pri
Yeah. So I don't.
00;46;37;18 - 00;46;45;09
Aaron
I thought that was cool. I was happy for Jeremy and everybody. I'm kind of curious. Like I wouldn't be surprised if you see like 5 or 10 crypto crypto companies go public.
00;46;45;11 - 00;46;46;11
Derek
It's a big deal.
00;46;46;13 - 00;46;47;07
Pri
It is a big deal.
00;46;47;13 - 00;46;58;21
Chris
Can one of those be a consensus for the sake of a little house bag? Can you push on Joe and tell me he's, get get get a redirect? His public market efforts towards my bags.
00;46;59;01 - 00;47;01;15
Aaron
I'll make sure I'll pass that along. Chris.
00;47;01;18 - 00;47;04;18
Pri
Yeah? What's a sharp link? Things. There's that.
00;47;04;20 - 00;47;27;03
Aaron
But I mean, yeah, I don't know if we talked about that last week, but it was encouraging to kind of see, you know, some of the, you know, the micro strategy innovations begin to hit in the land of Ethereum. So it feels like that's going to be the set up, at least in my mind, for a lot of these core lines will they'll have like natively digital assets bitcoin eath whatever the native digital asset is.
00;47;27;03 - 00;47;58;25
Aaron
And then, you know, some sort of like traditional traditional vehicles that, that satisfy traditional financial distribution channels. And I don't think they're all going to be ETFs. So that's pretty encouraging. It's cool because I, I think, people invest in strategy because of the volatility. It's more volatile. I think you're going to see some of these vehicles actually permit, you know, staking whether or not that's part of an ETF or not, or, you know, even some more kind of like quote unquote, like low risk applications of ether, which I think will be pretty cool.
00;47;59;01 - 00;48;00;04
Aaron
It's encouraging.
00;48;00;07 - 00;48;18;29
Derek
It is encouraging. And, and, I know we got to wrap up this episode, but one more piece of news. Just just fresh off the press, the X handle on X, the social media platform just tweeted, we're joining forces with Poly Market as our official prediction market partner. X handshake emoji poly market just a few seconds ago.
00;48;18;29 - 00;48;38;07
Derek
So know. So anyway, it does feel like there's, a push here that's happening across all areas of crypto and stablecoins and regulated cash flows and kind of finance strategies for public market vehicles. It's it does feel like there's an inflection happening. And it's it's exciting to be part of the industry at this point.
00;48;38;14 - 00;48;43;20
Aaron
And Mr. Meat Head and D is for deployment phase. Maybe that's what we should dive into next week.
00;48;43;22 - 00;48;45;25
Chris
Everything is to Si. No.
00;48;45;28 - 00;48;49;12
Aaron
No it's not. We're getting away from Cassini.
00;48;49;15 - 00;48;49;25
Pri
What.
00;48;49;26 - 00;49;20;04
Chris
Oh all right look X partnering with Poly Market. The news coming out right after. Musk clearly wants to exert national policy on a much larger level in wake of his breakup. The Trump this is the money is speech wing of the world, right. The skin in the game information doesn't matter unless you back it up with capital. This is part of Silicon Valley's effort to exert more influence over policy and direction of the country.
00;49;20;04 - 00;49;36;05
Chris
And they're doing it in this kind of double double package of casino. And money is speech. It's it's not surprising. It's strategic. I think it dovetails with our earlier conversation.
00;49;36;08 - 00;49;43;29
Pri
Just to it's an interesting point, actually. One quick question. Do you think this is something new or an evolution of neoliberal ism?
00;49;44;01 - 00;49;45;18
Aaron
It's always been the same pre.
00;49;45;21 - 00;49;47;17
Pri
I think it's actually different.
00;49;47;19 - 00;50;00;08
Chris
Is it. Right. This is a this is a tough one for me because everything is neoliberalism. Neoliberalism is is everything at the moment. Everything comes out of what came before. I don't know how to answer this one.
00;50;00;11 - 00;50;06;17
Pri
I, I actually I actually don't think it's neoliberalism. I think it's something totally weird and different. It's like hyper capitalism.
00;50;06;19 - 00;50;30;26
Chris
Yeah, but you could just go back to the Gilded Age and say, this is not new at all. We've seen this before. Yeah. And I don't know my history well enough then I do know FDR had a lot of problems with the American business community during his administration, and that was the last time we really maybe saw a, a clash of capital and politics, like, writ large across the landscape.
00;50;30;28 - 00;50;39;17
Chris
I don't know quite where I'm going with this, that the song remains the same, I think is, maybe the point Aaron wants to make here.
00;50;39;19 - 00;50;44;02
Pri
Yeah. Anyway, on that note, should we do the intro?
00;50;44;04 - 00;50;45;10
Chris
Let's do it.
00;50;45;13 - 00;51;05;19
Pri
All right, well, welcome to society. It's me, Chris, Aaron and Derek here to talk about the latest news. Crypto AI emerging tech, art and more. Just a quick reminder these thoughts are our own and not of our employer. Let's get it going here.
00;51;05;20 - 00;51;10;06
Chris
And one last one here. Do you have any thoughts on coach tips?
00;51;10;08 - 00;51;11;16
Aaron
Oh, the next, the next guy.
00;51;12;01 - 00;51;13;06
Chris
Yeah.
00;51;13;08 - 00;51;17;13
Aaron
I mean, they should have been in the finals. Let's just be honest.
00;51;17;16 - 00;51;20;01
Chris
Should they have the record says they shouldn't have.
00;51;20;12 - 00;51;25;07
Aaron
I mean, they they didn't make it, but I thought that they should have made it into the finals. I think they should have been the Pacers.
00;51;25;07 - 00;51;29;26
Chris
So I felt like should have, should have beaten the Knicks. They didn't. But yeah.
00;51;29;26 - 00;51;51;17
Aaron
But you know I'll get the Celtics. Probably should have. And I was surprised they didn't. But the moment that of that injury Chris like there was there was no reason that they should have been in there. They came out like flat in that last series. Yeah. They lost at home. I don't know and I don't know, maybe, maybe he's a tough, tough, tough person behind the scenes or maybe Dylan, Dylan's a tough person behind the scenes that.
00;51;51;19 - 00;52;10;22
Chris
They both are. And this happens like coaching a lot, right? You you got a guy who's good enough but not championship level. Dallas Stars aside, their coach, Pete DeBoer, you know, he's had literally the best record in hockey over the last three seasons, three years in a row. Similar situation gets to the conference finals. Can't get over the hump.
00;52;10;25 - 00;52;39;05
Chris
And if you're an owner, if you're you know, if you believe you have the talent and you're not absolutely maximizing it, that that line is very, very thin. And so, you know, I do think maybe that's the the coach, Jim Tibbs, M.O. is he can instill a culture of hustle, of defense. He can get you to a certain point, but there's a ceiling beyond that, and that ceiling wins trophies.
00;52;39;08 - 00;52;40;25
Chris
Yeah, it's like the Phil Jackson.
00;52;40;27 - 00;52;44;24
Aaron
Nobody understood how he did it, but did it with so many teams. Type approach.
00;52;44;26 - 00;53;02;13
Chris
Big chief triangle and triangle offers. Yeah. Now did it help that he happened to have like the greatest basket player of all time? Yes. Did it help you and your mom's talent? Yes. But those two things do tend to converge and attract, right?
00;53;02;16 - 00;53;09;00
Aaron
Yeah. I mean, you look at the Yankees in baseball and one and they've had amazing talent, right? But can't get it over the line.
00;53;09;03 - 00;53;15;03
Chris
Yeah well our Mets split out oh West at the Dodgers. That bodes well where we're sitting pretty.
00;53;15;09 - 00;53;21;07
Aaron
I think we're looking good. It looks like Soto's, picking up a little bit. It looks like, That's good.
00;53;21;09 - 00;53;49;01
Chris
We got to get out now that the weather's, really warmed up and we're in full baseball mode, but, you know, just do it. Let's do it. All right. Nice one, guys. Yeah.