Key Moments

E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars

All-In PodcastAll-In Podcast
People & Blogs3 min read108 min video
Dec 23, 2021|190,716 views|4,907|746
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TL;DR

All-In founders award the 'Besties' for 2021, covering politics, business, tech, and culture, sparking lively debate.

Key Insights

1

The "Bestie Awards" highlight major political and business figures and trends of 2021.

2

Blockchain, NFTs, and Web3 are seen as significant emerging technologies with disruptive potential.

3

Retail investors are recognized for demonstrating power against institutional investors.

4

Concerns are raised about the "woke" ideology's influence and impact on society and politics.

5

The discourse touches on the evolving role of traditional media versus direct communication.

6

The importance of focused, mission-driven leadership in business is emphasized.

7

Authoritarianism and supply chain vulnerabilities are identified as critical global trends.

POLITICAL LANDSCAPE: WINNERS, LOSERS, AND SURPRISES

The "Besties" kicked off by dissecting the political arena of 2021. Eric Adams' victory as New York City's mayor, attributed to his non-woke stance and focus on public safety, was highlighted. The emergence of blockchain as a political force, representing a shift away from centralized control, was also a notable pick. Glenn Youngkin's centrist campaign in Virginia offered a roadmap for future elections, while Joe Manchin was praised for his courage in blocking the "Build Back Better" bill, drawing parallels to Paul Volcker's impact on inflation.

BUSINESS HEROES AND VILLAINS OF 2021

In the business realm, Elon Musk's visionary leadership and execution were celebrated as the biggest win. Retail investors were lauded for coalescing to move markets against institutions, demonstrating collective power. Tiger Global was recognized for productizing growth-stage capital, and Apple, Amazon, and Google (ANG) continued their dominance. Conversely, Chinese billionaires faced a significant crackdown from the CCP, and "Big Tech" was identified as a potential loser due to mounting pressure from lawsuits and negative PR, signaling potential human capital flight. The "Yang" companies (Amazon, Netflix, Google) were contrasted with the "Fang" companies (Facebook/Meta), with Meta being singled out as a significant loser due to its failed rebranding and metaverse bet.

TECHNOLOGICAL FRONTIERS: BREAKTHROUGHS AND TRENDS

The podcast explored groundbreaking science and emerging technologies. The starch synthesis system, capable of converting carbon into food, was hailed as a major scientific breakthrough. New oral COVID-19 antiviral pills from Pfizer and Merck offered hope for ending the pandemic, though cautionary notes were raised about potential side effects. CRISPR gene editing in vivo showed promise for treating genetic diseases and inherited blindness. The "Creator Economy" blossomed, empowering individuals to monetize their talents directly. Emerging technologies like DAOs and advancements in plasma fusion were also highlighted as key developments for the future.

CULTURAL SHIFTS AND CONTROVERSIES

The "Besties" delved into cultural shifts, including the rise of "woke backlash" or "#woke backlash," seen in parental pushback against CRT and the rejection of "defund the police." The metaverse and Web3 were deemed potential "flash in the pans," with skepticism about their long-term sustainability beyond speculative bubbles. The "transitory" inflation narrative was also called out as a fleeting concept. The "most loathsome company" debate saw PG&E cited for its role in wildfires, while animal agriculture, represented by Tyson Foods, was controversially deemed worse than human slavery. The New York Times and Washington Post were criticized for agenda-driven journalism and declining readership.

LEADERSHIP AND PERSONALITIES OF THE YEAR

Exceptional leadership was a recurring theme, with Satya Nadella being praised for Microsoft's turnaround and strategic acquisitions. Brian Armstrong's stance on politics in the workplace at Coinbase and Frank Slootman's intense, winning approach at Snowflake were also highlighted. Ken Griffin of Citadel was recognized for navigating financial and political storms. The "Worst Human Being" category sparked intense debate, with Elizabeth Warren, the McMichaels, and Derek Chauvin, and Peter Daszak (for his alleged role in the COVID lab leak cover-up) being nominated. The "Best Meme" included Daniel Craig's exhausted "Weekend" meme and the Ever Given forklift meme.

LOOKING AHEAD: CORE VALUES AND FUTURE CHALLENGES

The discussion concluded with reflections on the year and future outlook. The "Best Trend" of centrism and reasonableness in politics was contrasted with the "Worst Trend" of rising authoritarianism globally and supply chain vulnerabilities. The importance of independent voices and direct communication, moving away from traditional media, was emphasized. The podcast hosts acknowledged the personal dynamics within the group, celebrating their friendships and continued commitment to producing insightful content, promising no "weeks off" for predictions in the following year.

Common Questions

The hosts identified Eric Adams (new NYC Mayor), the Blockchain (as a tool for political evolution), Glenn Youngkin (Virginia Governor), and Senator Joe Manchin (for his influence on the Build Back Better bill) as the biggest political winners.

Topics

Mentioned in this video

People
David Sacks

One of the hosts of the All-In Podcast, referred to as 'Rain Man David Sacks'.

Kyle Rittenhouse

Chosen for 'best turnaround' of reputation after being acquitted on all charges in his self-defense trial, despite media portrayal as a white supremacist.

Bernie Sanders

Mentioned alongside Elizabeth Warren for failing to accomplish goals that Amazon achieved, and his inauguration outfit became a popular meme.

Paul Volcker

Former Fed Chair known for courageously raising interest rates to combat inflation, used as an analogy for Joe Manchin's political actions.

Satya (Nadella)

CEO of Microsoft, praised for his leadership, turning the company around, big acquisitions, and maintaining low press scrutiny.

Brian Armstrong

CEO of Coinbase, lauded for banning politics in the workplace, leading to increased mission focus and a successful IPO.

Bari Weiss

Independent journalist with a Substack, mentioned as a key independent voice.

Joe Biden

President of the United States, whose age and potential inability to function in office were discussed, and later criticized for his presidency's disappointing performance.

Gabe Plotkin

Founder of Melvin Capital, considered a 'biggest loser' for losing significant money shorting GameStop against retail investors.

Travis McMichael

One of four white men who killed an unarmed black man, identified as a 'worst human being'.

Peter Daszak

British zoologist and head of EcoHealth Alliance, criticized as 'worst human being' for involvement in gain-of-function research in Wuhan, then organizing a letter discrediting the lab leak theory without disclosing his conflict of interest.

Lex Fridman

Host of a podcast that interviewed Jamie Metzl about the COVID-19 lab leak theory.

Jack Dorsey

Former CEO of Twitter, who is vocal about Web3 and Bitcoin's censorship resistance. Topics of discussion include his post-Twitter activities and past censorship decisions.

Kamala Harris

Vice President with a low approval rating, criticized for her 'equity scold' approach and being sidelined by the Democratic party.

Glenn Greenwald

Journalist whose reporting on conflicts of interest regarding the lab leak theory was cited. Also a 'red pill' journalist on Substack with a show on CallIn.

Glenn Youngkin

The governor of Virginia, a private equity executive who ran a centrist campaign and beat Terry McAuliffe.

Derek Chauvin

One of four white men who killed an unarmed black man, identified as a 'worst human being'.

Jamie Metzl

Interviewed by Lex Fridman on his podcast about the motivations and incentives behind covering up the lab leak theory.

DK the Drummer

An unknown artist who collaborated with Alejandro Aranda on a track.

London Breed

Mayor of San Francisco pushing back against progressive policies, leading to a major backlash against her.

Rene Girard

Philosopher who espoused mimetic theory, influencing Chamath's worldview.

Frank Slootman

CEO of Snowflake, described as a 'killer' and lauded for his competitive business mindset and the company's incredible growth.

Ken Griffin

Founder of Citadel, recognized as 'best investor' for generating significant returns, successfully navigating the Wall Street Bets/Robinhood scandal, and being the 'super villain' in the ConstitutionDAO bid.

Bill Gates

A backer of Terrapower, a company building a new reactor.

Ray Dalio

Author of 'The Changing World Order', highly recommended for understanding global political and economic transitions.

Michael Shellenberger

Author of 'San Francisco: Why Progressives Ruin Cities'.

Hasan Minhaj

Comedian whose live show 'The King's Jester' was enjoyed.

Taylor Sheridan

Creator of 'Yellowstone' and director of 'Sicario'.

David Friedberg

One of the hosts of the All-In Podcast, referred to as the 'Sultan of Science'.

Jeff Bezos

Mentioned as a target of Elizabeth Warren's criticism regarding factory pay, yet Amazon has surpassed her and Bernie Sanders' efforts for minimum wage and free college.

Anthony Fauci

Immunologist who lost credibility by making deterministic statements about vaccine effectiveness, which turned out to be inaccurate.

Ron DeSantis

Governor of Florida, kept the state open for business and schools, contributing to Miami's tech boom.

William Bryan

One of four white men who killed an unarmed black man, identified as a 'worst human being'.

Ashley Rindsberg

Author of 'The Gray Lady Winked', which exposes alleged misinformation and agenda-driven journalism by The New York Times.

Chamath Palihapitiya

One of the hosts of the All-In Podcast, referred to as 'Sweater Jesus Chamath Palihapitiya'.

Eric Adams

The new mayor of New York City, who won as an underdog by rejecting 'woke' sensibilities and supporting public safety.

Gregory McMichael

One of four white men who killed an unarmed black man, identified as a 'worst human being'.

Chris Dixon

A general partner at Andreessen Horowitz who runs their crypto fund and has been vocal about Web3, leading to online debates with Jack Dorsey.

Terry McAuliffe

Opponent of Glenn Youngkin in the Virginia gubernatorial election, who made a gaffe about parental input in schools.

Elizabeth Warren

Senator criticized for her political agenda, particularly on tax policies, and for seemingly attacking capitalists while benefiting from the existing tax system.

Jack Ma

Chinese billionaire who disappeared amid a CCP crackdown, serving as a 'canary in the coal mine' for other Chinese tech leaders.

Francis Suarez

Mayor of Miami who actively encouraged tech leaders and startups to relocate, facilitating Miami's emergence as a tech hub.

Brad Gerstner

Friend of the podcast and founder of Altimeter Capital, mentioned as a runner-up for 'best investor' for his work including the largest SPAC in history.

Ray Kroc

His autobiography was a recommended book.

Kevin Costner

Actor starring in the TV show 'Yellowstone'.

Joe Manchin

Senator from West Virginia, described as the 'shadow president' who dictated the Build Back Better bill's fate, seen as a 'Paul Volcker' figure for his courage.

Elon Musk

Paid a huge tax bill and is praised for his work at Tesla and SpaceX, described as an 'impresario' in his 'zone of mastery'.

Dan Quayle

Former Vice President whose low approval ratings Kamala Harris's are unfavorably compared to.

Dan Loeb

Founder and CIO of Third Point, recognized as the 'best investor' for his wide range of successful investments across early stage, growth, public markets, and crypto.

Matt Taibbi

Independent journalist with a Substack and a show on CallIn, mentioned as a key independent voice.

Wes Anderson

Director of 'The French Dispatch', praised for his artistic vision.

Alejandro Aranda

Former American Idol contestant who collaborated with DK the Drummer on a popular track.

Antonio García Martínez

'Red pill journalist' on Substack with a show on CallIn.

Chris Cuomo

Brother of Andrew Cuomo, fired from CNN for using his position to dig up dirt on his brother's accusers, a 'self-emulation' example.

Chesa Boudin

District Attorney of San Francisco, whose policies were criticized and faced recall efforts.

Peter Thiel

Investor and entrepreneur identified as an acolyte of René Girard's mimetic theory.

Andrew Cuomo

Former Governor of New York, who fell from grace due to sexual harassment allegations, a 'self-emulation' example.

Doja Cat

Artist whose album 'Planet Her' was recommended.

Luke Burgess

Author of 'Wanting', which explains mimetic theory in an accessible way.

Companies
Salesforce

Acquired Slack, mentioned in the context of competition with Microsoft Teams.

DoorDash

Company under Sequoia's portfolio, contributing to their impressive returns.

Substack

Platform that achieved significant scale, described as an 'incredible way to stay connected to the truth' for independent voices.

SpaceX

Company where Elon Musk is a current shareholder, with his work praised for its transformational impact.

Alphabet

Parent company of Google, whose stock was up 66%, part of the 'ANG' winners.

SoftBank

Its strategy is compared to Tiger Global's, noting Tiger Global's success where SoftBank's Vision Fund had mixed results.

Melvin Capital

Hedge fund founded by Gabe Plotkin that experienced massive losses during the GameStop short squeeze.

Pfizer

Developing new oral COVID antiviral pills, touted as a potential end to the pandemic.

Unity Technologies

Company under Sequoia's portfolio, contributing to their impressive returns.

Netflix

Streaming service that Disney+ is predicted to 'roll over'.

Amazon

Successfully implemented a higher minimum wage and free college for employees, surpassing the political goals of some politicians.

Tiger Global Management

Described as a 'biggest winner' in business for productizing growth-stage capital and deploying significant funds, utilizing data-driven infrastructure.

Meta

Renamed company that was called a 'complete flop' for its metaverse initiative, poor product, leaks, and difficulty attracting talent. Also identified as a 'most loathed company'.

Ford Motor Company

Recognized for 'best turnaround' with significant stock performance, a balanced portfolio of gas and electric vehicles, and strategic investments.

Rivian

Electric vehicle company where Ford made a significant investment, leading to a large gain for Ford.

Disney

Recognized for 'best turnaround' due to its successful streaming platform and park rebound post-pandemic, with potential to rival Netflix.

Tyson Foods

Identified as the 'most loathed company' due to its role in animal agriculture, which is compared to human slavery.

BioNTech

A 'big business winner' for its role in developing mRNA vaccines and demonstrating potential beyond COVID.

LinkedIn

Acquisition by Microsoft under Satya Nadella's leadership.

Twitter

Mentioned as a company undergoing product velocity improvements, adding features like newsletters and audio spaces.

Alibaba

Chinese tech company targeted by CCP for fines and tighter controls.

WeWork

Identified as 'best turnaround' for recovering from near-bankruptcy to become a public company via a SPAC, demonstrating a robust business plan.

PG&E

Deemed the 'most loathed company' for being charged with felonies and manslaughter due to wildfires caused by their inability to maintain power infrastructure.

Tesla

Company formerly owned by Chamath Palihapitiya, whose CEO Elon Musk is lauded for his performance.

Apple

Part of the winning 'ANG' group, expected to hit $3 trillion market cap, and anticipated to beat Meta in VR/AR efforts.

Novi

Meta's cryptocurrency business, experiencing an 'exodus' of human capital.

AMC Theatres

Mentioned as a company whose stock was a target of day traders, similar to GameStop.

Moderna

A 'big business winner' for its role in developing mRNA vaccines and showing potential for cancer treatments.

YouTube

Led by Susan Wojcicki, reaching 2 billion users and $30 billion in revenue, part of the winning 'ANG' group.

Merck & Co.

Developing new oral COVID antiviral pills, seen as a potential end to the pandemic.

Microsoft

Led by Satya Nadella, described as an 'absolute juggernaut and a machine' with successful acquisitions like LinkedIn and GitHub.

Coinbase

Public company mentioned as having a great year after its CEO, Brian Armstrong, implemented a policy against politics in the workplace, resulting in a successful IPO and increased mission focus.

Third Point

Hedge fund founded by Dan Loeb, known for its diverse and successful investment strategies.

MyPillow

Mentioned as a company whose founder (the 'mypillow guy') would have been chosen for 'most loathed', but it's not a 'real company' in this context.

Fusion

Fusion energy company that had a big breakthrough.

TikTok

Social media platform mentioned as a source of novel and addictive content for creators.

GitHub

Acquisition by Microsoft under Satya Nadella's leadership.

Snowflake

Company led by Frank Slootman, praised for its incredible growth and becoming a $100 billion company.

Robinhood

Stock trading app involved in the Wall Street Bets scandal, with its payment for order flow model scrutinized on Capitol Hill.

Airbnb

Company under Sequoia's portfolio, contributing to their impressive returns.

Terrapower

Company backed by Bill Gates that announced building a new reactor.

Organizations
CCP

The Chinese Communist Party, which implemented a crackdown on Chinese billionaires and tech companies.

EcoHealth Alliance

Group led by Peter Daszak that received NIH grants for gain-of-function research in bat viruses, some of which went to the Wuhan lab.

SEC

Criticized for not defining clear rules for crypto, DAOs, NFTs, and tokens, leading to regulatory uncertainty.

ConstitutionDAO

A DAO that successfully raised $40 million to bid on a copy of the US Constitution, highlighting the potential of decentralized autonomous organizations but also demonstrating disorganization and financial losses for some participants.

The Lancet

Medical journal that published a letter organized by Peter Daszak, insisting on the zoonotic theory of COVID-19 origin.

Citadel

Lent money to Melvin Capital during the GameStop short squeeze.

NIH

Granted millions of dollars to EcoHealth Alliance for gain-of-function research.

Andreessen Horowitz

A venture capital firm where Chris Dixon is a general partner running their crypto fund.

Sequoia Fund

New evergreen fund, picked as 'best investor' due to incredible returns from companies like DoorDash, Airbnb, and Unity, and its innovative structure allowing LPs to retain capital.

HBO Max

Streaming service praised for its depth of content and wide library, especially after the Warner Media deal, and for day-and-date movie releases like 'Dune' and 'The Matrix'.

New York Times

Considered the 'most loathed company' for a history of misinformation, agenda-driven journalism, woke journalism, and canceling figures. Described as a corporation, not a non-profit.

National Ignition Facility

A U.S. Department of Energy-funded facility that came close to energy abundance through plasma fusion.

MIT

Its CFS collaboration had a breakthrough in plasma fusion.

CNN

News organization where Chris Cuomo was suspended and fired.

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