Key Moments
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
Key Moments
All-In founders award the 'Besties' for 2021, covering politics, business, tech, and culture, sparking lively debate.
Key Insights
The "Bestie Awards" highlight major political and business figures and trends of 2021.
Blockchain, NFTs, and Web3 are seen as significant emerging technologies with disruptive potential.
Retail investors are recognized for demonstrating power against institutional investors.
Concerns are raised about the "woke" ideology's influence and impact on society and politics.
The discourse touches on the evolving role of traditional media versus direct communication.
The importance of focused, mission-driven leadership in business is emphasized.
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.
Mentioned in This Episode
●Products
●Software & Apps
●Companies
●Organizations
●Books
●Concepts
●People Referenced
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
One of the hosts of the All-In Podcast, referred to as 'Rain Man David Sacks'.
Chosen for 'best turnaround' of reputation after being acquitted on all charges in his self-defense trial, despite media portrayal as a white supremacist.
Mentioned alongside Elizabeth Warren for failing to accomplish goals that Amazon achieved, and his inauguration outfit became a popular meme.
Former Fed Chair known for courageously raising interest rates to combat inflation, used as an analogy for Joe Manchin's political actions.
CEO of Microsoft, praised for his leadership, turning the company around, big acquisitions, and maintaining low press scrutiny.
CEO of Coinbase, lauded for banning politics in the workplace, leading to increased mission focus and a successful IPO.
Independent journalist with a Substack, mentioned as a key independent voice.
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.
Founder of Melvin Capital, considered a 'biggest loser' for losing significant money shorting GameStop against retail investors.
One of four white men who killed an unarmed black man, identified as a 'worst human being'.
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.
Host of a podcast that interviewed Jamie Metzl about the COVID-19 lab leak theory.
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.
Vice President with a low approval rating, criticized for her 'equity scold' approach and being sidelined by the Democratic party.
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.
The governor of Virginia, a private equity executive who ran a centrist campaign and beat Terry McAuliffe.
One of four white men who killed an unarmed black man, identified as a 'worst human being'.
Interviewed by Lex Fridman on his podcast about the motivations and incentives behind covering up the lab leak theory.
An unknown artist who collaborated with Alejandro Aranda on a track.
Mayor of San Francisco pushing back against progressive policies, leading to a major backlash against her.
Philosopher who espoused mimetic theory, influencing Chamath's worldview.
CEO of Snowflake, described as a 'killer' and lauded for his competitive business mindset and the company's incredible growth.
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.
A backer of Terrapower, a company building a new reactor.
Author of 'The Changing World Order', highly recommended for understanding global political and economic transitions.
Author of 'San Francisco: Why Progressives Ruin Cities'.
Comedian whose live show 'The King's Jester' was enjoyed.
Creator of 'Yellowstone' and director of 'Sicario'.
One of the hosts of the All-In Podcast, referred to as the 'Sultan of Science'.
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.
Immunologist who lost credibility by making deterministic statements about vaccine effectiveness, which turned out to be inaccurate.
Governor of Florida, kept the state open for business and schools, contributing to Miami's tech boom.
One of four white men who killed an unarmed black man, identified as a 'worst human being'.
Author of 'The Gray Lady Winked', which exposes alleged misinformation and agenda-driven journalism by The New York Times.
One of the hosts of the All-In Podcast, referred to as 'Sweater Jesus Chamath Palihapitiya'.
The new mayor of New York City, who won as an underdog by rejecting 'woke' sensibilities and supporting public safety.
One of four white men who killed an unarmed black man, identified as a 'worst human being'.
A general partner at Andreessen Horowitz who runs their crypto fund and has been vocal about Web3, leading to online debates with Jack Dorsey.
Opponent of Glenn Youngkin in the Virginia gubernatorial election, who made a gaffe about parental input in schools.
Senator criticized for her political agenda, particularly on tax policies, and for seemingly attacking capitalists while benefiting from the existing tax system.
Chinese billionaire who disappeared amid a CCP crackdown, serving as a 'canary in the coal mine' for other Chinese tech leaders.
Mayor of Miami who actively encouraged tech leaders and startups to relocate, facilitating Miami's emergence as a tech hub.
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.
His autobiography was a recommended book.
Actor starring in the TV show 'Yellowstone'.
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.
Paid a huge tax bill and is praised for his work at Tesla and SpaceX, described as an 'impresario' in his 'zone of mastery'.
Former Vice President whose low approval ratings Kamala Harris's are unfavorably compared to.
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.
Independent journalist with a Substack and a show on CallIn, mentioned as a key independent voice.
Director of 'The French Dispatch', praised for his artistic vision.
Former American Idol contestant who collaborated with DK the Drummer on a popular track.
'Red pill journalist' on Substack with a show on CallIn.
Brother of Andrew Cuomo, fired from CNN for using his position to dig up dirt on his brother's accusers, a 'self-emulation' example.
District Attorney of San Francisco, whose policies were criticized and faced recall efforts.
Investor and entrepreneur identified as an acolyte of René Girard's mimetic theory.
Former Governor of New York, who fell from grace due to sexual harassment allegations, a 'self-emulation' example.
Artist whose album 'Planet Her' was recommended.
Author of 'Wanting', which explains mimetic theory in an accessible way.
A cryptocurrency that Jack Dorsey supports due to its censorship resistance.
Discussed as a 'biggest business surprise' for enabling creators to monetize talent directly, despite current speculative excesses.
Named as the 'best new tech' for their potential to become legal global capital formation mechanisms, capable of raising massive funds for challenges.
Considered a technology that enables an evolution away from centralized control systems, gaining political attention and posing a threat to current systems.
Acquired Slack, mentioned in the context of competition with Microsoft Teams.
Company under Sequoia's portfolio, contributing to their impressive returns.
Platform that achieved significant scale, described as an 'incredible way to stay connected to the truth' for independent voices.
Company where Elon Musk is a current shareholder, with his work praised for its transformational impact.
Parent company of Google, whose stock was up 66%, part of the 'ANG' winners.
Its strategy is compared to Tiger Global's, noting Tiger Global's success where SoftBank's Vision Fund had mixed results.
Hedge fund founded by Gabe Plotkin that experienced massive losses during the GameStop short squeeze.
Developing new oral COVID antiviral pills, touted as a potential end to the pandemic.
Company under Sequoia's portfolio, contributing to their impressive returns.
Streaming service that Disney+ is predicted to 'roll over'.
Successfully implemented a higher minimum wage and free college for employees, surpassing the political goals of some politicians.
Described as a 'biggest winner' in business for productizing growth-stage capital and deploying significant funds, utilizing data-driven infrastructure.
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'.
Recognized for 'best turnaround' with significant stock performance, a balanced portfolio of gas and electric vehicles, and strategic investments.
Electric vehicle company where Ford made a significant investment, leading to a large gain for Ford.
Recognized for 'best turnaround' due to its successful streaming platform and park rebound post-pandemic, with potential to rival Netflix.
Identified as the 'most loathed company' due to its role in animal agriculture, which is compared to human slavery.
A 'big business winner' for its role in developing mRNA vaccines and demonstrating potential beyond COVID.
Acquisition by Microsoft under Satya Nadella's leadership.
Mentioned as a company undergoing product velocity improvements, adding features like newsletters and audio spaces.
Chinese tech company targeted by CCP for fines and tighter controls.
Identified as 'best turnaround' for recovering from near-bankruptcy to become a public company via a SPAC, demonstrating a robust business plan.
Deemed the 'most loathed company' for being charged with felonies and manslaughter due to wildfires caused by their inability to maintain power infrastructure.
Company formerly owned by Chamath Palihapitiya, whose CEO Elon Musk is lauded for his performance.
Part of the winning 'ANG' group, expected to hit $3 trillion market cap, and anticipated to beat Meta in VR/AR efforts.
Meta's cryptocurrency business, experiencing an 'exodus' of human capital.
Mentioned as a company whose stock was a target of day traders, similar to GameStop.
A 'big business winner' for its role in developing mRNA vaccines and showing potential for cancer treatments.
Led by Susan Wojcicki, reaching 2 billion users and $30 billion in revenue, part of the winning 'ANG' group.
Developing new oral COVID antiviral pills, seen as a potential end to the pandemic.
Led by Satya Nadella, described as an 'absolute juggernaut and a machine' with successful acquisitions like LinkedIn and GitHub.
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.
Hedge fund founded by Dan Loeb, known for its diverse and successful investment strategies.
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 energy company that had a big breakthrough.
Social media platform mentioned as a source of novel and addictive content for creators.
Acquisition by Microsoft under Satya Nadella's leadership.
Company led by Frank Slootman, praised for its incredible growth and becoming a $100 billion company.
Stock trading app involved in the Wall Street Bets scandal, with its payment for order flow model scrutinized on Capitol Hill.
Company under Sequoia's portfolio, contributing to their impressive returns.
Company backed by Bill Gates that announced building a new reactor.
Book by Frank Slootman, described as a must-read for its direct approach to competitive business.
Book by Ashley Rindsberg detailing decades of misinformation and agenda-driven journalism by The New York Times.
Book by Michael Shellenberger, considered influential for detailing how progressive policies fail cities, particularly San Francisco.
Book by Luke Burgess, highly recommended as an accessible explanation of mimetic theory.
Book by Ray Dalio, strongly recommended for understanding shifts in global power and economic systems.
The Chinese Communist Party, which implemented a crackdown on Chinese billionaires and tech companies.
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.
Criticized for not defining clear rules for crypto, DAOs, NFTs, and tokens, leading to regulatory uncertainty.
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.
Medical journal that published a letter organized by Peter Daszak, insisting on the zoonotic theory of COVID-19 origin.
Lent money to Melvin Capital during the GameStop short squeeze.
Granted millions of dollars to EcoHealth Alliance for gain-of-function research.
A venture capital firm where Chris Dixon is a general partner running their crypto 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.
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'.
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.
A U.S. Department of Energy-funded facility that came close to energy abundance through plasma fusion.
Its CFS collaboration had a breakthrough in plasma fusion.
News organization where Chris Cuomo was suspended and fired.
Emerged as a major tech hub due to proactive leadership, open business policies, and favorable tax rates.
Location of a lab from which COVID-19 likely leaked, and where gain-of-function research was conducted.
The city where Eric Adams was elected mayor, with plans to become a tech and crypto hub.
Subject of the January 6th insurrection, which was a shocking event exposing the fragility of institutions.
A state that swung for Biden by 10 points but elected Glenn Youngkin as governor, indicating a shift towards centrism.
A meme showing Bernie Sanders in mittens at the inauguration, described as a 'detached communist glare'.
Music by an artist chosen for 'music discovery of 2020'.
Newspaper revisiting its journalism practices due to falling click-through rates, leading to concerns about increased clickbait.
Online game mentioned as an example of digital universes where people already find value in accomplishments, predating the 'metaverse' concept.
Thriller film directed by Taylor Sheridan, recommended as amazing and intense.
Album by Doja Cat, described as 'danceable fun' and loved by kids.
Film released on HBO Max day-and-date.
Film by Wes Anderson, called a 'cinematography masterpiece' and 'pure art'.
Film released on HBO Max day-and-date, praised for its cinematic beauty.
Considered the best Marvel product of the year.
TV show starring Kevin Costner about a ranching family, popular in the South, described as appealing to traditional American sensibilities.
Highlighted as the 'biggest winner' in business, demonstrating power through collective action against institutions in the market, particularly during the GameStop phenomenon.
Highlighted as a 'best trend' for blossoming with new monetization models for content creators across video, art, and music, enabling them to go direct to market.
A science breakthrough demonstrated by Chinese scientists, showing the potential to convert carbon to food using renewable electricity via proteins.
Highlighted as a 'best new tech' due to three different companies creating astronauts, inspiring multi-planetary species aspirations.
Identified as a 'best new technology' with several breakthroughs in achieving controlled nuclear reactions and net energy gain.
Identified as a 'worst trend' because it's seen as a renaming of existing digital experiences, with a misguided notion of singular ownership.
Genetic editing technology that achieved in vivo injection in two cases, demonstrating the ability to edit out bad genes.
TV show that was a 'challenging metaverse multiple timeline kind of concept' and an important setup for future Marvel movies.
NFT marketplace that saw a massive increase in monthly volume, illustrating the scale of the NFT boom.
Company that had to sell to Salesforce due to competition from Microsoft Teams.
Online game mentioned as an example of digital universes where people already find value in accomplishments, predating the 'metaverse' concept.
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