The only podcast you have to listen to every week. No politics. Just tech. @rodriscoll and @jasonlk are back to discuss: - NVIDIA Invests $100BN into OpenAI - Is Triple, Triple, Double, Double Dead? - Navan Files to Go Public - Notion Hits $500M ARR - Impact of H1B Visas on Startups in the US Links: Spotify 👉 Youtube 👉 Apple Podcasts 👉 Timestamps: (00:00) Intro (01:17) Nvidia's Massive $100BN Investment in OpenAI (05:45) Is Anthropic Negatively Positioned by OpenAI Gaining NVIDIA Investment (22:24) Is Triple, Triple, Double, Double Dead (41:59) Navan Files to Go Public at $8BN (54:17) Lockup Periods and Liquidity (01:02:17) Impact of H-1B Visa Changes on Startups (01:07:40) Notion Hits $500M ARR Re-Accelerating (01:16:16) Why Founder Friendly is Total BS Today (01:19:48) Kalshi Quick-Fire Round

1. 83% of NVIDIA’s Revenue Comes From Six Customers Apple ($3.74TN) has 2 billion customers. Microsoft ($3.79TN) has ~500,000 meaningful enterprise customers. The market cap of the largest company in the world depends on spending decisions of 6 customers: Microsoft, Amazon, Google, Meta, OpenAI, and Oracle. The good news: All 6 are determined to spend themselves into oblivion to win the game. Are you concerned by this level of customer concentration @bgurley @altcap @tanayj

2. Diligence Is Done These Days, We Care Less Than Ever Founder friendly has become bulls**t. No one is doing diligence on hot AI deals. Do you think this is fair @honam @pitdesi @bryce

3. The Importance of an Early Win Having early success is highly correlated with future success. Partly it is the referral effect. Partly you will have the stomach to roll the dice. Love to hear your thoughts on this @bandrew @chadbyers @dfrankel @victorlazarte

4. Wealth Lessons from Cornelius Vanderbilt If Vanderbilt’s heirs put their money in the S&P and lived off dividends, 15-20 would be billionaires today. They did not pick bad stocks, they screwed up bet sizing. Keep big bets only when odds and conviction clearly warrant it.