#AIS: Bestie AMA with Valor's Antonio Gracias

AIS:与Valors的Antonio Gracias的挚友AMA

All-In with Chamath, Jason, Sacks & Friedberg

2022-06-08

1 小时 39 分钟
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This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: https://bit.ly/aisytplaylist 0:00 Antonio Gracias joins to talk: Tesla's early days, investing in Elon, macroeconomic outlook, ROIC, importance of energy independence, future of manufacturing, financial-ization of the P&L & more 22:35 Q: How has the poker game influenced your decision making in business and life? 29:33 Q: What was the scariest step of becoming a first-time fund manager? 32:34 Q: Crypto market unwinding & how it relates to the money supply 35:57 Q: Current pre-seed / seed valuations & metrics 38:58 Q: When investing in early-stage SaaS companies, how to find outliers? 42:11 Q: What would you do if dropped in the middle of Kansas at age 25 with no resources? 44:46 Q: Where will the next disruptions in industrial automation come from & how will the US hit economies of scale in semiconductor manufacturing 47:02 Q: Any plans for All-In Media? 50:02 Q: US strategy in the Russia/Ukraine War 54:19 Q: How have your first impressions changed as you've matured in your career, and whose first impressions have stood out to you the most? 58:29 Q: Are you interested in crypto micropayments? 1:00:55 Q: Biggest mistakes of your career that you've learned the most from? 1:09:54 Q: What impact could tech have on political discourse? What does a viable path forward look like? 1:15:36 Q: Are remote / distributed startup systems viable coming out of the pandemic? 1:19:41 Q: Advice for non-technical people trying to get into the startup world? 1:24:44 Q: Thoughts on the potential consumer credit crisis? 1:26:17 Lightning round: What problem do you most want to solve right now? All-In consortium? Can SMBs democratize their own labor supply? How to get more investors interested in hardware? Will this be a relatively short recession? Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect
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  • Antonio, Elon had a moment of reflection, and he was talking about 2008.

  • He was talking about the imminent collapse, as he felt it,

  • of SpaceX and Tesla at the same time in December 25th.

  • And he said,

  • there were just a handful of people who came out there and put their careers online for him.

  • Yourself and Steve Jervitsen specifically mentioned.

  • and it was an IRA and it was a particularly poignant moment for him.

  • He was getting a little choked up about it.

  • Tell us about that bet you made in 2008 and the potentially career-ending bet for you to bet in an electric car company at that moment.

  • Take us back to that decision.

  • Yeah, but before I do that,

  • I just want to say that I left my wallet backstage because the last time I was with the four of you,

  • I lost a lot of money.

  • And I realized that I better leave I better leave all the cash somewhere where you can't get it and then and you also made me cry So I don't I think I might I might cry again now of joy.

  • I mean no no it was more like a humiliation.

  • Yeah, but We're playing poker.

  • Yeah, we're playing poker.

  • You pulled a Palmer lucky If I

  • if I cry again this time it will be from from a sense of Just gratitude for those moments that we got to share so The for us in particular

  • because you know our strategy is so operational I was there working on supply chain in the factory and on sales and those in that period along with my partner Tim Watkins and three or four of our supply chain people and we had a major problem supply chain the costs were way to control and You know,