Welcome to work on Sally, there are back hope at our respective,
homes for Southwest, yes, thank you to everyone who showed up at
the vale event, on Rainey Street.
What was the name of the bar? That it was at Parlor Room, The
Parlor Room. Thanks everyone who showed up at
the Parlor Room, spun the big wheel.
Got free drinks and listen to us interview.
Jack Jack was great. I thought by the way yeah he's
awesome. I had a lot of fun with him.
It's it was an eye-opening live interview experience for me.
I mean we sort of Which we had to maintain sort of the same
style that we would have on this podcast to actually produce
something for listeners while dealing with an audience that
was mostly there for free drinks, right?
Well, I thought the valuable advice that Jack gave us at the
beginning was, let's just, let's just do this for us.
Let's just, let's just have a conversation.
And, you know, I would say they were a good number of people
that were paying attention. I think actually, you got much
more engagement in the Jeopardy. Yeah.
I mean, Jeopardy was more crowd interactive and I mean well
it'll be interesting to see how that plays is an audio product.
Well, I hope good. Yeah, what he wanted to do, we
partying it up. It's after this.
Yeah, it was fun to watch. So if you don't like the episode
as a podcast, I can assure you that watching it.
There is a lot of like, buzzer sort of obsession.
I mean, I remember I used to play, you know, Halo with
friends right back in the day and I had this friend who had
always blame on like, getting killed on the controller, which,
of course, Surfaces standard, you know, Xbox controller,
right? So I should have been able to
predict that, you know, without sort of Premium like quiz Bowl
level buzzers. We were going to get all sorts
of blame it on the buzzer challenges.
When I mean, they were randomly assigned and you know which ones
were like Jeopardy or gameshow approved buzzards, right?
This wasn't like you know a converted like Staples that was
easy button that people fucking right.
I mean they were they lit up. I mean they were I'm Bluetooth.
I do think a lot of the game was just sort of like watching my
finger clear, which one of the contest's neutral third party on
this. I thought that the buzzers
worked fine when only one person is the complainer of it.
I think that is usually indication that the game is not
cheer. Yeah.
And there was one to watch.
I mean I liked all the contestants but I didn't feel
like I was being able but you know, a little bit the fact that
I got highly competitive at times and yes that speaks to the
VC mind. Set right, like these weren't
randomly selected, people that were playing this game.
Like these are highly competitive type a right, you
know? This is this is about deal flow,
right? That was fun.
Anyway, you listen and enjoy, you'd never been to South by,
right? Never.
I've been to Austin before. That's the closest I can claim
while you're abroad. Takeaways, well, my brought
takeaway, was everyone telling me that this year was not
normal. That this was a typical that
like it was incredibly subdued. And I don't I mean, I you know,
there were people in the streets, wearing lanyards there
were parties that were packed Beyond Comfort, to me.
Personally, the panel's panels are never great.
Like I'm I think like remote panels and like, the Zoom of
vacation of all conferences has kind of destroyed International
as like an exciting. God yeah.
Well look, I just think that we're in a time where if you
want to hear someone being interviewed.
There's an unlimited number of podcasts where they can talk
about. I do think podcasts are better.
I mean I went to a couple panels.
Yeah, I went to I mean, I moderated one with some sub
stackers, which I mean I enjoyed moderating.
It there was sort of just the question of was the audience
there to learn about like how to build a sub stack or were they
really? They're one of the sub saker's
was Charlotte climber who's this sort of Well known trans
activist with a huge Twitter following.
I suspect, a lot of people were there to see her, and so there's
a degree to which like maybe the audience would have been
happier. If we talked, you know, politics
whole time. You know, there is just sort of
like, you have this sort of mash up.
But anyway, that was fun. I saw Jim vandehei speak on sort
of a media panel with the president of vocs and Charles
Hudson. Oh, that was one.
Yeah, I did see, I didn't go to it, but I saw that was on the,
that was, that was interesting. But yeah, I mean, I saw Neil
Stevenson the author of snow crash speak.
I thought that was a super frustrating panel, his new
books, all about global warming. So it was just him in this
moderator, who clearly knew something.
About I think a media person ruin about global warming and
they just like, they didn't talk about the metaverse at, until
the very end and even then it was sort of like, oh, we need to
do it. But like that's, that was sort
of like the thief, I feel like. And if whether you believe in
them, Not and if T's metaverse, was sort of like the big
question mark hanging over South by.
So it was absurd to me that they were going to, he was sort of
the seminal author on the thing that Facebook has now, you know,
renamed his company over and there were just gonna like make
us listen to this talk on, like an author fiction author, sort
of giving his opinions about what we're going to have to do
to solve the climate moderated. That I don't forget the guys, I
never knew the guys because it's to me.
If I were moderating that the only thing I would want going
into or coming out of it is for the headline to be author of
snow. Crash.
You know who invented the term that suck used to rename.
The company says Mark Zuckerberg is perverting my vision of the
metaverse or Mark, Zuckerberg gets it all wrong, right?
That's all you want out of who's like the the moderator do.
Even want news coverage out of. It was like the most bizarre and
they sort of were like, well people you know, all the
questions are about metaverse but we want to talk about the
environment but like South by just branded it around Neal
Stephenson. They weren't like come listen to
a boring talk about some problem.
You already know that we should solve, but it's hard to get
people enthusiastic about because it's sort of boring, you
know. I just, yeah, I it was the
strangest. I mean, you know not Neal
Stephenson did sort of, you know, So he sort of gave the
classic, like, do you really want your metaverse from a
company that monetized is based on advertising and like, beware
of? That's okay, that's like edging
on. What would be interesting?
He called it a buzz buzz word or whatever, but I do think he
could have dug into it. A little.
Yeah, you got a problem because that's the only outcome you want
from that thing. I try to think what I even went
to. I saw, I saw Marty Walsh, our
labor secretary talk. Oh yeah, how is that not great?
I mean, Is it about the gig economy or that was the reason I
went. It came up very briefly and he
really skirted the issue that he made headlines about last year.
When he kind of intimated that he thought that gig workers for
companies like uber and Lyft and doordash were being
misclassified and then like that famously at the time, cause
their stocks to crash because they, you know, investors assume
that the government was going to do something about that.
Turns out they were wrong, but yeah, he completely skirted the
issue. This time I gave was brought up
and he Was just like, well, look, I think there are some
misclassifications heavy Boston accent, really wanted him to
say, like microporous owes the whole time that was as much as I
was interested, but I chatted with his press secretary after
the event and they seem up for an interview so might be able to
book him for dead cat. That would be we can we can
press them on that. Yeah.
Because all our listeners are obsessed with hearing from from
Marty labor secretary who. Yeah, it was.
Most often people who worked as she used to be the mayor of
Boston and it was mostly I don't know you, I mean, would be a big
catch, so I guess who my to scoff at it, but I'm like
interview. But that's it never mind.
I'll just save him for Insider, you just passed them already
well, yeah, it's not be. I always going to be a anyway.
Yeah, I listen to Bill girly. Who had sort of a presentation?
I mean, on the metaverse, he was, he was also pretty
skeptical skeptical of us living in a sort of, an avatar world to
me. A lot of the experience of South
by is reporter is chasing. Like what is the story of South
by? And obviously the answer that it
was Lame. And a lot of people weren't
there, and it was sort of, like, post covid shell of itself is
not, you're not a very good reporter.
If you can't sell something a little bit more exciting than
that, that's not a great story, right?
It's a bad story. So then some people want to say,
oh is about like n FTS and the metaverse and I honestly think
it was a very Hollow version, it was more like companies wanting
to use the nft S and the metaverse to get coverage
without sort of like hardcore crypto people.
We being there because they have their own events.
Write to me, the through line of South by, and this is the most
self-absorbed but it was about the Creator.
Could that substrate? I mean, yeah, it's about sort of
girlies talk was about musicians, cutting out record
labels and sort of going on their own Jack Conte.
You know, patreon talking about sort of creators podcasters,
musicians, making money on their own.
You know, I'm out there talking about sort of sub sax making it
on their own. I do think It is sort of this,
the rise of sort of the individual entrepreneur.
You know, we had, you know, Taylor lorenz's whole thing
about Brands was a major theme of our Jack Conte think like to
me, I actually it's self-indulgent.
It's a, but I do think there's, you know, this this crater thing
is like, you know, a big deal, and we're seeing more
businesses, sort of sort of build around it.
You think I'm totally like, I don't know, high on my own
Supply here. Yeah, obviously, SLI.
But I'm trying to think that's just sort of a cop-out answer to
like what the killer app was was I kill.
Nobody can be the killer app or breakout it's just sort of like
it's sort of like you know Time Magazine Paul.
You, you know, Vale games was the breakout, right, right.
Yeah. Max.
The be mad that I chuckled at. That was said, very sincerely,
we co-hosted the event with Vale games.
Yeah, I reassured in the last episode but they, you know, they
realist Theory just announced a big partnership with Jeopardy
and we were fortunate. And Alexa games company voice
games. I went to the Friends with
Benefits party, which was a buzzy nft or Dow.
Sorry, Dow styled multiple night party.
But you know, kind of endless greek-style, bacchanal.
And I thought it was pretty lightly attended.
Yeah. So I may be that just speaks
largely to the mood at South by Southwest.
I don't know. I mean like the easy answer
would have been like this was the The crypto and web three,
whatever you want to call it, broke out, which is easy because
it's been off for two years and in this time we've seen, you
know, the enthusiasm and hype. And you know, what artificiality
of It kind of take off. Although we was funny that like
nft is as a market crashed like a, we are so before.
So I don't know if that took any of the air out of the enthusiasm
there but it cracked me up. Honestly, I should have gone to
up front because all the VCS were They're right.
And then, I think Miami Tech week, you know, with the
founders fund people pushing it could be interesting.
You know, there's always this game of like the Insiders, I
mean it used to be the Insiders would go to South by and be
like, oh, I don't go in the badge events, you know, we have
our own events, right? And stick up their nose that
way. Now they're just sort of, like,
going to other videos that go to it at all.
I mean, my friend, you know, I have friends, you know, these
cofounders of the vale company who are, you know, big fans of
South by. So I do think there's just You
know, it is fun there's music but I don't know wasn't his best
year. There was also the music thing I
think takes off also after the tech portion of it.
So we don't really stick around for the music part.
One of your friends, there was also kind of not subtly critical
of these Austin, Texas e'en just just sort of seeing it as
second-tier that was if I had spent more time kind of focusing
on the what the story was I probably would have done that.
As in like, you know, does Austin have a real seeing
because, you know, the last two years there have been this
endless drumbeat of stories about San Francisco or Silicon
Valley being over and everyone scrambling to find whatever the
next scene was right. And you know, I met a bunch of
austin-based and like directed VC funds, which I don't know
what to say about that. Seems like a strange thesis, I'm
definitely, you know, polish on the Silicon Valley, VCS running
the table wherever they go. I mean, that's sort of why Miami
has a little bit more. Sex appeal, I think then
awesome, besides the quality of life issues.
It's just like, oh, you're getting the real VCS.
I mean, I got in early to South by and went to Joe Lawns, Dale's
house and saw him and none of those people are going to South
Park but there was a little bit more of the Austin Texas een.
It does feel like you know Lonsdale the co-founder of
palantir is definitely tell me about lunch.
Dale's House. A new Hub you know big house.
Sort of like I don't know. Far from Austin downtown.
Down. I didn't go inside.
I was mostly, I mean, it was a nice event, definitely.
I mean, I was chatting, I'm trying to be careful because I
mean I don't think the whole event was off the Record, but I
certainly said off the Record to a billion.
People write a nice long conversation with someone from
Cicero law and steals like Think Tank, I mean there was
definitely sort of a anti, you know, cancel culture.
Sort of crowd around tables. Yeah.
Obviously, which I, which I'm interested to report out.
I still Quite get Cicero, but it's interesting, you know,
there was a lot of energy around, like, I think defense
Tech and I'm literally somebody there was like, trying to get
Lonsdale to invest in some defense tech company.
But yeah, it didn't. I mean, I mean, Austin just a
smaller smaller Tech scene, but I do think, you know, the money,
the money will go where the the founders of point is that
there's momentum behind it that it's growing.
I just I find the funniest thing we We should talk about this
more in a different episode. We're taking time away from
Jeopardy here, but like the idea of there needing to be a scene
that it's not just about like the destruction and dissolution
of Silicon Valley as like the unipolar Hub of Technology, but
that it's like, oh no. Now the new thing is austere,
the new thing is Miami's, I thought the point of it is that
there doesn't need to be a thing is that it's fully distributed,
the like the actual benefits of a scene we've decided are
overrated. Once you can like distribute
your Workforce, that people can connect remotely that, there
doesn't need to be geographical magnets that draw people into
it. Yes.
I mean, life is full of chasing in-groups and out-groups, and, I
mean, you want sort of, you know, that Silicon Valley used
to work on being small enough that it was like, you sort of
knew a lot of the players. And so that there were
advantages to that because you sort of got to know people's
reputations or Sure like a whisper Network and stuff
they're going to be new pockets. Yeah but I guess pockets is the
operative term right? Like there's no there's no
megalopolis around Tech that is being constructed and Austin I
haven't been to Miami so I don't know like you know the boosters
there. What they claim is currently
existing? I just think it's, I mean, let's
like take out the geography and politics of those two cities,
just the need for any one of them to exist as like the next
San Francisco. Just seems like it's counter to
what they The are talking about here which is that there is no
like we're post geography with these specific cities, which New
York is much more on right? New York.
It's just a big city, you do lots of things, but we're not
just like stump. There's no amount of tech
density that we could reach. We're just going to stumble into
everybody tech people all the time like in San Francisco you
could theoretically an Austin, right?
Like it's not that right? That's what I'm saying?
I'm saying they could take over that fucking City if they wanted
to but in my likely Limited research on it and talking to
really just your friend. It seems underwhelming.
Oh, and the VCS, I don't know, I didn't come away with it
thinking that like, a great shift has occurred, but they can
tell me, oh, don't lose your don't lose your lanyard, by the
way, that's my tip to those coming in the future.
It's apparently not done. Like there was like a real Buzz
about it in the convention hall when I went in there and told
him, I lost my lanyard, no one really knew what to do.
I had to pull a lot of press. I'm a press person strings to
get a new land. Printed.
So I don't know for security reasons, why that's the case, if
there's like a secondary market for Lanyards.
But yeah, to those who may be going next year, hold that
fucking thing tight because they do not take kindly to people who
leave their lanyards at any of three potential bars in Austin.
All right, well we're going to keep it short, so you can listen
to VC, Jeopardy, which I think is a riot.
My friend James, will Sturman, who co-founded Vale rode?
The question, And I just gave them sort of couple passes so
don't give me too much credit. Curious, if we have any
listeners for like technically that answer is oh I would love
that. I would love, I would love
people to, I really like you, put it out to a big enough
audience. Yes, some challenges and ideas
are open. If you think there were mistakes
in the questions, I love that. I did.
Make a sort of like hedge. Our final, Jeopardy.
Question a little bit so nobody could I was literally like
fact-checking. I can't talk about it now
because I don't want to spoil it but I was literally like Back
checking it with the actual VC, firms in clay and some of them
didn't have a totally clear answer on what I was trying to
figure out. So anyway but yeah, I think it's
before and after category to that was fun.
The before and after category, is that's in the first set at
worth worth listening at least to that because that was a very
smartly constructed in category. Anyway, cool.
Yeah, cool. It was fun to see you in person.
I did love the sort of Getting to, I feel like you get
something out of somebody like a jack Conte, just talking to them
in person. I do miss miss.
The IRL interview. Let's put it like this.
We've done to in-person episodes of the podcast.
One was a total fucking disaster and the other one was at South
by Southwest when I was in New York and we interviewed the
dispo CEO. Well, that wasn't that same, but
it wasn't all in person that was like Like Clockwork Orange
level. It's like just that was the
worst audio up. So I'd like that was.
Who are we? Interviewing the dispo CEO?
Oh yeah, he was a good sport. He was fine about it.
I was just like I was like a torturous like audio speculation
because we could hear Tom and I were in the same room.
We could hear each other through the speaker's.
It was? It was really bad.
It's a medical experiment. Cool.
Alright, see you guys next week. Great.
Enjoy your VC, Jeopardy. All right.
We're getting ready to start a venture capital, Jeopardy.
I think there's going to be a lot of fun.
We're just getting final things. Set up the crowds right up here.
All right, give us. I appreciate your enthusiasm.
All right, we've got Julian icing.
Steve Brockman is there somewhere.
Dina, you can. Didn't see all the answers on
your hand, our competitors are finding their seats, where
should I sit? You're good, you're good.
Okay. All right, Steve brotman Alpha
Partners, Charles Hudson, precursor, Dina Shakir locks and
Julian Tyson Next Adventures. All right, so the questions are
very inside. Every startup Venture in
capital, we're playing it real Jeopardy style.
We will have a final Jeopardy question at the end and
basically, they're going to be locked out of their buzzers.
Until the question is finished. So there is a bit of, you know,
classic Jeopardy style where they're, you know, not give me a
little buzz in until it's done. And so, I'll clear it like on my
last word and then they'll be able to buzz it.
So I'm ready. I'm ready.
Ames is keeping score. Everybody excited for some
Jeopardy. All right, great.
He's they're good sports. I really appreciate it.
We're not going to take it too. Seriously.
We're gonna have fun. You can you're gonna be able to
see it. I'm taking it very seriously
into the mic if you want. You can hold the mics are just
at the mic in a way that it's comfortable.
Let's play besiege, a birdie. Here are today's categories.
BC math. No Venture capitals term sheet
buzzwords before and after and I'll explain this when somebody
asks BC brands All right. Steve your illuminated.
So I'm going to let you go first based on pure randomness of your
seat selection. So would you pick a category?
All right, I'll take buzzwords for 100 buzzwords for 100 coin
in the 1992 novel snow crash. This resurgent were describes a
network of 3D virtual worlds. All right, Charles you got it
metaverse. I just right.
Oh, you get it, but you have to ask, you know, what is
metaverse? Yeah, try and elevate your mic
just so you have it there. All right, Charles you got that
correct. So the board is yours.
I will take VC brands for 100 BC brands for 100.
She coined, the term unicorn to describe startups with, over 1
billion in a 2013, TechCrunch article, Charles, Charles got
it. Who is a lie?
Who is alien leap? That is correct.
Charles, the board is yours I'll take before and after for 100
before and after for 100. So before, and after is going to
be a mix of a company name and a Hollywood thing, this is a
thinker you might not buzzer right away.
I love this category. All right, for 100, the narrator
of this film meets soap salesman Tyler Durden in a social audio
chat room, once valued at at 4 billion.
Think about it. So it's like a combined word, so
if you get think of the two answers, okay, what is the Buena
Vista? Social Club House?
That is not correct. Charles.
It's like it's two things. Come by.
Yeah, I'm going to give you a good time, you know?
So fill me soap salesman, Tyler Durden, this is the hardest
category. I know.
Now I know it. He was posing style.
Anybody, you want to give up? It's the fight club house.
You don't get points for that fight club house.
Okay, now you get the category. All right, all right.
Do we have a green light up? Can someone just buzz in so it's
locked. I got ready?
Okay, great. All right, Charles, I think it's
still your category. Let's do Buzz words for 200.
All right. Buzz words for 200, one of these
was formed in 2021 in a failed attempt to buy a copy of the US
Constitution at auction. All right.
Oh yeah. Julian got it.
What is it? Dow, that is correct.
All right, I love it. This is no, I'm happy.
All right, Julian you're up. What do you want?
Let's go. term sheet for four terms, you 44, The right to buy
shares at a certain price before a certain time or an
authorization for a Founders arrest Julian, right of first
refusal. A warrant Rover.
I'm going to clear that I know, right?
All right, Charles, what is a warrant that is correct, but you
having a problem with it buzzer? Yeah.
All right, let's clear it. Clear it let's test try.
But put it on the table. Make it flat.
Sorry, who got that one? Charles?
I will take before, and after for 300 Ashton Kutcher stars in
this film about a pair of Stoners who misplaced their
login credentials to their startups cap table software.
Charles what is Dude? Where's My Car de?
Hahaha. I should admit I play weekend,
trivia game with a bunch of my friends during the pandemic and
we have a before and after cheat.
All right, Charles, I'll take term sheet for 200.
All right term sheet for 200, the length of time, a business
can sustain itself or a landing strip for aircraft.
What is Runway? Yeah, he got it, right?
Sorry, I'm just like, I hope ever.
The buzzers you want to test the buzzers real quick.
All right. They're clear.
Let's do Venture capitals for 200.
All right. Ventricles the fourth large.
The four, largest u.s. states by population.
Each contain major Tech Hub cities, but only this one is
also a state capital. It's somebody buzzing.
I can't see if what is Austin. That is correct.
Charles pick a category. Let's do VC brands for 200 BC
brands for 200. He was probably the first
investor in coinbase and now runs a YouTube channel with over
200,000 subscribers. Dina.
What is Gary tan? Hey, there you go.
All right, we got some competition going.
All right. Dina, the counter.
The board is yours. I will take VC brands for 300.
All right, she popularized the phrase has passion economy and
Creator economy and changed out digital content creators, think
about their businesses. Charles who is Legion?
It's right. Killing.
All right, Charles pick a category.
Let's do before and after for 400.
All right. In this spy Thriller agent,
Ethan Hunt attempts to steal the recipe for the plant-based
Burger. King Whopper oh Dina Matrix and
possible. We say it again.
Wait is before-and-after, right? So Matrix and impossible Burger
The Impossible? I don't think that's correct.
I'm Clarence. What is Mission?
Impossible burger that is I believe.
Of cry. No, is it?
No, I cannot accept that answer. All right.
Thank you, guys. You two people haven't left.
If you wanna Charles was very close.
There's an impossible is not what we said.
Steve, you can pause it or not Mission Impossible Foods.
All right. Steve the board is yours, okay?
VC map for 100. Alright.
BC math for 100, it's the number of letters in Andreessen
Horowitz, oh sorry. I didn't clear it 123.
I'm clear. Charles.
What is 18? That's correct.
All right, Charles. Let's do Venture capitals for
300. All right, daily.
Double you're on a roll. All right, you can add up to
1,200, I'll do the whole 12:00. He's making a true Daily Double.
But all right, the question is yours with the slogan.
How can I help? He's the mayor of hoping to turn
Miami into the next major Tech City who has mayor Suarez?
That's correct. Yeah Francis Suarez.
Charles, let's do Buzz words for 300.
All right. Buzz words were 300, not just a
JPEG. This new type of digital asset
can be bought and sold on the website.
Open, Sea Julian, what is an mft?
I believe, that's right. And up on all the web 30 All
right, Julian pick a category, let's do a term, she's 41.
Alright. Terms used over 100, the percent
of customers who stopped using a product or a technique used in
the production of butter. Charles what is turn?
That's right. All right, I'm sorry.
You're like real Jeopardy at the buzzards are evil buzzer until
to buzz words for 400. All right, Buzz words, before,
I'd right, social media, users can use AI to create convincing,
realistic images, audio or video hoax is also known as these
Charles. What is deep fakes?
That's right. All right, Charles, the board is
yours. What it before and after for
200. All right, filling out.
TPS reports is the primary task of the characters in this film.
Set up Elon musk's rocket company.
Oh, Dina Office X like wait it's an office link.
Yeah sorry it's all. Alright I'm clearing it.
What is Office? Space X.
That is correct and I said Mission Impossible words.
What do you think? Why do you think?
Like, how do you know what, part of the word to start?
We need the brick. Could you need the bridge word
in the middle? The bridge?
All right, there, it's not up to me.
Our question is writer. That's what we had written.
I'm sorry. I'm sorry, I'm having like that.
I play the crowd. That's all right.
All right. All right.
Sorry, somebody hit the buzzer. Just so I have it locked out.
All right, Charles pick a category.
Let's do VC brands for 400. He spun viral memes on Twitter
and Tick-Tock into an early stage.
VC fund Christen banana Capital. Someone beat me who Dina, what
is Turner Nova. All right?
Do you know the board is yours? I'll take VC brands for 500.
All right, this opinionated VC recently, tweeted for 40 years,
I believe success, required unique insights Secrets.
Now, I am persuaded that, it mostly just requires ignoring
the stupid advice. People dispense a very
opinionated VC on Twitter. We VC is opinionated on Twitter.
Anybody I going to take it, I'm not going to risk the point, you
know? I mean, I accidentally hit the
But I could guess, but I lose if I guess.
Right. That's right.
All right, all right. Is it Keith?
No, takers. All right.
Keith. Somebody hit their buzzer.
All right, Charles, I think it's so you're bored.
I'm gonna go with Buzz words, for 500, an alternative to
traditional methods. This category of app development
software requires. Row programming skill, what is
what is no coat that is right? Yeah, no.
Cody Doolin you say no code or low code?
No code. I heard no answer.
All right. Julian the board is yours.
Let's go VC math. 443 her. What three 300, BC math, the
expected Revenue, a customer will contribute /.
The marketing expenditure it took to bring them in is known
by this ratio of two acronyms. Steve LT Vita.
CAC, well done! Got its LTV to CAC.
Yeah, sorry, I'm just waiting to see it because I don't have a
perfect memory. Okay.
LGV, to CAC was correct Steve got it.
See if the board is yours Venture capitals for 100 Venture
capitals for 100, it's a common nickname for the New York City
Tech scene. You should Dina, what is silicon
alley? Silicon alley is correct.
I d. Now, the board is yours.
Why are some skill here? I'll take term sheet for 300
term sheet for 300. The time employees must wait to
begin investing their stock or a steep face of a rock Julian.
What is it Cliff? That's correct.
Julian Julian skin hot. All right I feel like
everybody's got it now. They're really all right, Julian
the board is yours. Let's do a VC math for for 400
BC, mouth. And if you divide, a Starbucks
valuation by its annualized, gross receipts, you get this to
word term used to Value companies.
Steve Revenue, multiple, that is correct.
See, you've got it. He's coming up.
Finally getting my buzzer to work.
All right, Steve the board is yours.
Alright, BC math, two hundred. All right, 200?
A basic operation in arithmetic and the name of this VC firm
founded by Leaf Excel. What is addition?
You got it. Oh sorry.
Charles got it. But I have to see the an
addition that is correct. We've got a rapt audience.
I love it. All right, Charles the board's
yours. Let's just close out.
VC math, be steam at this VC. Firms name could also be defined
as 299,792,458 meters per second in a vacuum, Charles, what is
Light Speed? That is correct.
Charles Charles, Is yours. Let's do a before and after, for
500, born after Kevin Costner creates a sensation in this film
when his characters befriending of a wild canine goes viral on
Tick-Tock. I will give a hint.
If nobody gets it right away. Take a second.
All right, tick, tock has a parent company.
Any takers, anybody? All right, by chance is that was
the only one where was reversed. So what it was a hard one,
James, good question, from Vale, I led them to venture capitals
for 400. Venture capitals for 400.
It's the fruity nickname for this Tech scene in Atlanta,
Georgia Julian. What is a piece?
I'm not going to guess that's not the full answer.
I'm clearing it Beach. No one wants to take a stab at
it. All right.
It is silicon Peach, you know, like Silicon alley, Silicon
Valley. There's a all right.
Sorry it Charles, did you have the board will do term sheet for
500 room? She for 500, the amount of
money, a VC. Firm has available for new
Investments or a material used in 17th century.
Guns and cannons. Dina, what is reserves?
Sorry. That's not correct.
What what, what is dry powder? Charles, yes, I would just like
to say that women are still good VC's.
Even if they lose in this game, I think here, the, the crowd
here. What Charles got it?
Dry powder was correct. All right, Charles the final.
I believe we only have one left. No, no sir.
Oh yeah, we have all do Venture capitals for 500.
Yeah. Fin Tech startup karna is Turd
in this European Capital City Dana, its stock hole that is
correct. Congrats All right, that's round
two. I mean round one.
Oh wow. Does everyone want to take a
breather? Say hello to the crowd.
I'm supposed to paint with that. Yeah.
I think I need some cheering. I'm losing.
All right. Wait Dina you want to start.
Wait, wait. When was the first time you came
to South by or what do you remember?
You have a good South by Story? I mean, the first time I came
was Thursday when I arrived. This is my first time, maybe
that's why. Welcome enjoy.
And have you ever been this Alibi before?
Have you been to South by Southwest before Simon?
Oh my God we're you guys ten ten or twelve 10th or 12th?
Yeah that's it. That's not.
Okay. Let's see how long you been
coming about 10 years huh? He taught you about these
buzzards right? No.
So during during the pandemic, I play trivia with my some of you
will be happy with this. In some of you won't.
You've lost the score? Yeah.
Exactly. So we are coming into the next
round crash. All right.
That is Charles Hudson. Nice to meet you all.
Alright next, next round, I'm sure I can go back and add it
all up. On the recording later.
Thank you. Thank you guys.
I'm having a lot of fun. James, are you getting it on the
next round? Good before.
And after I love a good before and after all right, we're
pulling out the second round or tweets are epic today.
Needs to be so epic. BC, Jeopardy.
Okay, we're back. Great here.
Are today's categories swinging for the fences, how can I help
it starts with an i? Alright, anagrams, Notable
deals. VC meets Hollywood.
Okay? VC Brands.
All right, all right. Do you know, do you want to kick
us off? I will take notable deals for
100. All right, notable deals.
He is an investor and Guild education.
The chairman of General Catalyst, a board member at
Airbnb and the former CEO of American Express.
Charles who is Ken Chenault, that is correct.
Charles believe it's pronounced to know, Monsieur.
No reason friends. All right, Charles aboard yours.
I'll take. How can I help for 200?
All right, how can I help 200? This startup appointed.
Fiji Simo as CEO last summer with its founder apoorva meta,
becoming executive, chairman Charles, what is instacart?
That is correct. Charles.
All right, Charles aboard yours. Let's try swinging for the
fences for All right, swinging for the fences, when startup
employees are granted options, this price is how much they'll
have to pay in the future to exercise.
Steve strike price strike, strike price on strike.
That's right. Come on now it's by this grip.
This is rigged the boys. Steve, the board is yours.
BC brands for 100 BC Branch for 100 named after a region in
South America. This outdoorsy clothing retailer
is a go-to supplier, a VC firm branded vest and outerwear Steve
Patagonia Steve gets right Patagonia.
Does he may have about again? Or at least?
I feel like this time has passed a little.
He let's go. Let's go for 200.
All right, BC Brands, 200 mini, VCS were sporting, this
company's signature wolf Footwear.
When it went public in November, 20, 21 Charles, what is
Albert's? That's correct.
Charles all birds. All right, Charles the board is
yours. Let's try anagrams for 102 grams
for 100, okay? These are all VC firms.
Okay. Fondue refunds.
Oh, fuck. Charles.
What is Founders fun? I think.
That's right. Oh God.
All right. Charles boys, yours.
Let's do an exam is for 200. Integrated for 200.
Great, troll baggie. Anybody I don't even know what
I've seen the answers before. So, tiger close.
You see funds, broadly? Charles anagrams for 300 is a
good one. Yeah, Parks.
Who got that? I can't see Deena.
It's fine. Like.
That is correct. Dina got it.
What is Spark? All right.
Dina, the board is yours. I'll take VC brands for 400 BC
Brands 400. This product is branded as the
fastest email experience ever made which explains why VC's
raced to fund it. Dina what is superhuman?
That is correct, you know, Tina's on a roll.
All right, dean of the board's yours.
I'll take VC brands for 500. All right.
Species might be questioning their use of this company's.
Ship product after it appeared in an episode of the HBO Max
series and just like that. Dina, what is Palatine?
That is correct. All right, Tina, the board is
yours. I'll take BC brands for 300, all
right, PCS might be wishing. They had bought more shares in
this company. Instead of its initial product,
a battery electric Roadster sieve, Tesla asking the form of
a question. You gotta do in the question.
Oh, what is Tesla? Sorry.
As correct. Steve Steve the board is yours,
okay? VC brands for 400 BC Brands 400.
Oh, they're sorry. That's yeah, it's shaded but I
guess that's not good. We've killed it.
Okay, good. So that's done.
Yeah, notable deals for 200 notable deals 200.
She co-founded Floodgate capital in 2008 and continues to reap
the rewards from her investment and lift who has hirako.
Yes. Charles All right.
That's correct. The board is yours.
Let's do VC meets Hollywood for 100, BC meets Hollywood. 100, he
portrayed entrepreneur, and Angel Investors Sean.
Parker in the 2010 film, The Social Network Dina, who is
Justin Timberlake, that is correct, your category.
I'll take VC meets Hollywood for 300. 300, he was cast, as Bill
girly in the Showtime series. Super pumped the battle for
Uber, you must know his name but I know his face.
I know who's Travis, I don't know.
All right somebody buzzed in. I said the guy from Friday Night
Lights I don't know. We're not going to cut all
rights Kyle Chandler. Oh I'll tell nobody got that no
no yeah. All right, Deena's board.
Yeah, okay. I'll take VC meets Hollywood for
200. Yep.
This former CEO of Twitter made a cameo appearance in the HBO
series, Silicon Valley in 2016, which Twitter, CEO.
Honestly, don't Jack Dorsey. Your Buzz, an it is a yeah, that
is wrong. Sorry.
No, there was Steve. All right, but you get buzzing
twice, anybody else? You know, I guess Twitter, CEO.
All right, it is. It's what?
Huh, there were too many. Yeah, it's dick costolo.
Yeah, somebody Buzz to clear. The thanks.
All right. Deena Deena, you're the board?
Okay, VC meets Hollywood for 400.
She stars as Elizabeth Holmes in the Dropout, a new series on
HBO. Do you know who is or what is
Amanda? Seyfried believe.
That's right. Correct.
Deena's in and out while you're on a roll and Hollywood.
All right, Dina Okay, since I seem to like TV, I'll do 5, VC
meets Hollywood for 500. All right, she plays.
Rebecca Newman in the upcoming Apple TV series.
We crashed, these are good ones fart, any takers.
Alright. I think that's no Anne.
Hathaway makes sense. All right Gina.
Alright, notable deals for 300 this prominent New York VC,
co-led a series, a funding round, and coinbase in 2013.
All right, see if the Fred Wilson that is correct.
See, you've got it. Oh, I thought you might be
serious. Fred Wilson.
Sorry. Steve, the board is yours
notable deals for 400. All right.
Notable deals 400. All right, it's the Daily
Double. All right, so you can bad.
You can bet up to end it all bet it all we want.
You could bet 1,000 in traditional Jeopardy, but you
would be in the right if you miss it, you're strong.
You're all worried that or 700 stronger than this Kappa.
Yeah, 700, 700 700. All right, he earned the top
spot on the 2021 Forbes - list due to the back-to-back IPOs of
home, rental sites, Airbnb and food delivery business doordash.
Wow. Ow, I should know this guy's not
daily double burgers. This is Peter Thiel.
Alfred Lynn our land. All right.
Nobody gets it. It's Daily.
Double is only the player for me.
All right. Damn Alfred Lynn at Sequoia
still his board. It's okay, notable deals. 500
notable deals. 500, she's known for shrewd.
That's on instacart slack Square Airbnb house, as well as
Facebook and Twitter, prominent late stage investor who went off
on her own, with their own firm. Charlie's Mary Meeker, that is
cry. Charles got that.
Charles the board is yours. Let's see.
Let's do an ad Rams for 400 anagrams, for 400 romantic boy.
I'm going to give a Hint. It is an accelerator.
Charlie? What is y?
Combinator, that is correct. I needed the hint.
It's hard when there are two words, but it's like, how many
words is this? Alright, Charles the board is
yours. Let's do an exam for 500, right?
Let's close out the category nixed.
Charles, what is index? That is correct.
Good job. That was tough.
All right, the board is yours. Charles, let's do how can I help
for 300, how can I help? 300?
In recent years? Many VC firms have made
commitments to promote a workplace culture featuring
diversity equity, and this Gina. What is inclusion?
That is correct. All right, Tina, the board is
yours. I'll do, how can I help for 400?
All right. How can I help for 400?
So motto? Nikka paytm, and oh, yeah, Or
several of the notable sort of Investments who have emerged
recently from this country, Steve Ukraine.
Sorry, that is incorrect. Damn, what is India?
That is correct. Charles got it.
Steve got a wrong India. All right, Charles, let's do.
How can I help for 500? How can I help for 500?
It's the not-for-profit PC arm of the United States Central
Intelligence Agency. Steve thank you Sal.
Ow. That is correct ink you tell
their oh my God. All right we're getting towards
the end. All right.
Steve swinging for the fences one winning for the vents is 100
species and MLB batter is Posey. Hundreds of these each year?
Who got I can see it. What is Julian?
What is a pitch? I believe.
That is correct pigeons. Yeah, pitch.
Julian. The board is yours swinging for
the fences for 400 founded by Eric Turin.
Berg this company offers career acceleration, programs and
fellowship for entrepreneurs. Charles, what is on Deck?
That's correct on Deck, Charles the borgers, how can I help for
100 this three-letter? Acronym describes the moment, a
start-up becomes a publicly traded company.
Dina, what is an IPO that is correct Nina?
He beat us to the punch by the voyagers, Dina two more
questions. All right, I'll do swinging for
the fences for 300. All right.
When VC's pass on a startup investment, they'll often
promise to be cheering from this location.
Dina what is sideline? That is correct.
You know, in the final one, I think we only have one left
before final. All right, 500, many of these
pieces. VC, firms have established this
program to empower entrepreneurs.
And Ders to make small Investments on their behalf.
Dina what is Scout program? Sorry, Julian.
I was going to say Scout that was my mistake.
I'm giving that Julian is getting that.
You gave it to Julian? Yeah.
All right. We're on the board.
We have Final, Jeopardy. I have paper for you.
One second paper. All right.
Okay. Paper, thank you.
All right. So first before you see the
question, do we give them a category?
What is the? They get the category first,
right? All right specie history so you
can put down your wager. Do you remember?
How many points everybody had? All right, your points.
So Charles with 3000, Steve with 100 Gina with 2400 and Julian
was 600, you can wager as much as you have the category is VC
history. So write down the number.
Wagering. And then once everybody's down
you can show it to me. Does everybody have their
number? All right, Charles is betting
2000. Steve is betting 100.
Dina is betting 2000 and Julian, 600, go for it.
All right, timer. All right, I'm gonna give it its
like 30 seconds typically, right I'll give it 45, all right.
After I read the question, all right, founded by one of the
Fairchild semiconductor Doctor traitorous eight and an early
Hewlett-Packard executive. This still active VC.
Firm was one of the very first to set up shop on Sand Hill Road
in 1972, Donna. you know, you know me my musical abilities
Bounded by one of the Fairchild semiconductor.
Traitorous eight and an early Hewlett-Packard executive this
still active VC. Firm was one of the very first
to set up shop on Sand Hill Road in 1972.
All right. Do we have our answers?
Julian? Are you have your answer?
All right. Steve.
You want to tell us your answer first?
Steve, yes, Kleiner Perkins that is correct.
Charles Kleiner Perkins Dina Kleiner Perkins.
Julian Kleiner Perkins. All right, ha ha, ha, strong,
ethical allegation. We know who the competitor is
here. I do believe that gives Charles
the win, Right? Congratulations.
Thank you all so much for participating.
Thank you, thank you so much. All right, you're free, you're
free. That was great.
Alright, that was fun. So what kind of salad Goodbye,
goodbye. Goodbye, goodbye, goodbye,
goodbye. Goodbye.
Goodbye, goodbye. Goodbye, goodbye, goodbye,
goodbye. Goodbye.