David Friedberg

Coinbase Ventures, really cool people.

David Friedberg from the All In podcast.

um, Naval, um, Mert, really awesome, awesome team of angels.

So that's been really cool.

eyesight.

But the interesting thing here is there is a hybrid as well, Friedberg, which is your... your muse agent, your grok bot is running a virtual browser, it will pop up the virtual browser and say, Hey, do this catch and then take over.

So the cash is this fear, uncertainty and doubt the old FUD by the banks to try to neuter or sandbag these agents from getting the the front door to banking because then they could just route to a bank that's cheaper, better has better rates on behalf of the

agent.

Let's just assume that that's possible.

5k, you know, because it's under some threshold.

Who is responsible? Okay, Friedberg, who is responsible? And who should be responsible? Who is responsible? Who should be responsible?

Well, the terms of service of the bank say you can't use an agent to access the bank account through the website, right?

How do you convince these leaders that they need to take a break and really think about what they're doing with their careers, but also how it impacts enterprise?

Well, guess what? Let's just go back with David Friedberg, who talked about a polarity between socialism and agency.

Interesting topic.

But he went on to say that technology employs or takes advantage of agency.

He was at the All In Summit.

He did an interview with David Friedberg.

Pretty interesting interview.

I suggest you listen to it, drama, before you see the movie.

but I didn't want to say his name

... and David Friedberg.

And you say it so nicely.

Palihapitiya.

Right.

So Dave Friedberg-

Like, never miss a day of flossing again.

Couldn't be me.

Mm

... that can make such a huge ge- difference, which I love so much.

Um, okay, continuing on with Dave Friedberg, you mentioned more of the fiber aspect.

Mm-hmm.

All in podcast.

Um, so with that, the all in podcast, that's, uh, David Sachs, David Friedberg, right? And they're like the big AI guys, right? Or the big tech guys.

Jason Calacanis, where Calacanis? Yeah.

And so, yeah, so they're like big tech guys.

They want to hear what happened at Social Capital and why he closed the fund.

This is a direct shot at Chamath Palihapitiya, who co-hosts the All-In podcast alongside Jason Calacanis, David Sacks, and David Friedberg.

The four VC investors cover everything from markets, economics, and politics, but as far as I can tell, they never explained Chamath's own controversy.

What happened to his own firm, Social Capital? Back in 2024, he fired two of his senior partners in relation to one of his investment vehicles known as a SPAC, but all he said about it was, "We became aware of a situation." Chamath, quote, tweeted in response to the criticism, citing three explanations for what happened: a personal battle he was struggling with, that his internal team became a snake pit, and that his investing style didn't work for a normal fund structure.