Elites & Experts with David Sacks
My guest today is David Sacks. David is an entrepreneur, tech investor, film producer, and the co-host of the All- in one, which I highly recommend. He's General Partner at Craft Ventures, a venture capital firm he co-founded. David was the founding CEO of PayPal, which makes him a part of the so-called PayPal Mafia, which includes folks like Elon Musk and Peter Thiel. He was an angel investor in Facebook, Uber, SpaceX, Airbnb and many other successful companies. He also produced the film "Thank You for Smoking", which was nominated for several Golden Globes.
David and I talk about his background as an entrepreneur and investor. We discuss his critique of what he calls the "expert class" as well as the "professional class". We talk about the problems with elite colleges and universities. We discussed the attributes that made the PayPal Mafia so successful. We talk about Elon Musk's takeover of Twitter and his controversial leadership style. Finally, we also go on to talk about our mutual hobby - Chess.
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CHAPTERS:
00:00:00 Controversial Moment
00:00:57 Guest Introduction
00:02:01 Did you always want to be a tech investor?
00:03:26 Why is the PayPal Mafia so successful?
00:06:38 Do you only invest in software companies? Why not others?
00:08:52 What is your take on Spotify and the streaming model?
00:15:18 What are your thoughts on College and do you think it adds value to students?
00:28:52 Why the democrat party needs to look beyond its woke bubble
00:34:29 What is your critique on "Experts"?
00:49:06 What are your thoughts on Elon Musk taking over Twitter
00:59:06 Do you think Twitter should be a Town Square
01:00:02 What do you think of Parlour and Big Tech's monopoly?
01:04:29 What do you think the solution is to control BigTech's monopoly
01:09:41 What's it like to be a conservative and a film producer?
01:12:04 Thoughts on Chess and playing against Magnus
01:16:38 How to follow and stay in touch with David Sacks
01:17:52 Support my channel
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Пікірлер: 152
Thanks for watching my latest episode. Let me know your thoughts and opinions down below in a comment. If you like my content and want to support me, consider becoming a paying member of the Coleman Unfiltered Community here --> bit.ly/3B1GAlS
@JWHfilms
Жыл бұрын
A lot of times when podcast hosts talk, I am frustrated because I came to watch for the guest. But it was a pleasure listening to you speak, you are very articulate!
@AndreAnyone
Жыл бұрын
"you can't be called a racist" wow so black people cant be racist ????? cause THE MOST RACIST PEOPLE I HAVE EVER MEET ARE BLACK
@seanallen3957
Жыл бұрын
Waaaaaay to many ads. Stopped listening after 8 minutes.
@nildameers3772
Жыл бұрын
Just found you looking forward to watching!
So nice to hear Sacks to be able to speak freely without interruption from Jcal every 30 seconds
@angusoconnell8590
Жыл бұрын
Hahahahaha
@nbme-answers
Жыл бұрын
LOL
@spartymatt9627
Жыл бұрын
Who is Jcal?
@shiks98
Жыл бұрын
@@spartymatt9627 Jason Calacanis, a "bestie" from the All In Podcast, that Sacks is a part of.
@vkritis
Жыл бұрын
Problem is, although JCal has got a lot of value taken on his own, he is intimidated by Sacks and his superiority, and tries to elevate himself to the same level or standard, but he simply can't. And so he destroys our capacity to exactly hear what Sacks got to say with his continuous interventions. Sad story..
So grateful for voices like Sacks these days. Few and far between
@jed2049
Жыл бұрын
totally.
David is awesome. I love him and The All-In podcast
Here representing #TeamSacks 🙌🏾 & I ❤ your Ted Talk.
Great episode! David always says everything I would say on the topics of discussion at the All-In Podcast. Just way better articulated. To me, he is the voice of logic on the Pod.
@aceloth
Жыл бұрын
I’m with you bro…
Great episode, really enjoyed what David had to say. Good to see someone in the mainstream and not afraid to speak his mind, having loads of money definitely helps.
@nicobruin8618
Жыл бұрын
Who in the mainstream media?
@Captdeets
Жыл бұрын
My question exactly. Does it include Fox which has many of the highest rated programs? A more accurate label would be Left Stream Media as that would capture the intent of the categorization.
@CB-xf6jc
Жыл бұрын
No reason to have F you money if you dont use it
@AndreAnyone
Жыл бұрын
"you can't be called a racist" wow so black people cant be racist ????? cause THE MOST RACIST PEOPLE I HAVE EVER MEET ARE BLACK
@Alexander-xq1gr
Жыл бұрын
This is the sad thing - you need to be a billionaire these days to be able to survive speaking your mind.
Coleman is officially my favorite podcast host. Thanks for the good conversations coldxman
David is absolutely awesome & a fav on the all in podcast.
@ohedd
Жыл бұрын
All-in is awesome, and they way they all shit on Sacks is my favorite aspect of their chemistry
Excellent conversation. Thank you. 💚
Great interview. Love your style of letting the guest talk without interruption. looking forward to more of your interviews.
David Sacks is a Solid Great Guy's Guys
Watching this while thinking through my own entrepreneurial challenges was massively productive for me. #1 I hope that the two of you continue to talk and become actual friends and #2 I would watch the hell out of an episode of All In where Coleman is a guest panelist. Not Instead of, but in addition to, the rest of you goofballs. I think he would fit right in. Thank you so much for this
Sacks is such a breath of fresh air, it’s great to have people actually having conversations over political views without people shouting & shutting down a discussion. This herd mentality is really distorting this country. It’s not even worth it to respectfully disagree without being shunned. Amazing Show
Love this Coleman fella! First time hearing him talk. I got bombed at a bar in Milwaukee and accidentally started talking politics with some black dudes. They actually loved me and bought me shots. Good hope!!
“Go over their heads to the people”. Love that line Sachs!
Terrific clear thinking and articulacy from Sacks. I'll look up Burnham and Orwell on Burnham. Thanks.
Great talk guys. Thanks to you both.
Excellent interview
First, this was a fantastic discussion! Love Sacks. I am happy to report that I discovered you on Unherd and was so impressed that I sought you out and will be working through your material. This is right up my alley as I have been on a mission to understand what is "really" going on in the world, being utterly disgusted with the mainstream narratives circulating, and of course at the heart of the issue which is finally getting air time is the professional managerial class that you discussed here. Love the quote from Orwell. No doubt he warned us about this in 1984 and Animal Farm (and other writings) and we failed to heed the warning. I have the t-shirt "1984 was a warning not a playbook". So true. Keep it up!
Great job in this one and will be sure to tune in moving forward.
Oh, I just need to hear reason, logic and rationale in this day and age. Really enjoy Sacks commentary, discussion, and opinion. Especially like that he wouldn't mind that I disagree with some of his opinions. What a voice of reason. Love it.
Hot take: long form between JCal and Sacks, maybe with Coleman as host/moderator? All-in will be even better when the low-rung politics is in the past. Thank you both for this discussion❤
@KenHuyn
Жыл бұрын
Replace JCal with Chamath and then we have something.
first episode i've listened too. subscribed!
Ilon musk my be the Howard Hughes of the 21 century. I agree with David's 3 class sectionality of what's goining on in our society today.
Hey I showed up for Sacks, but Coleman is great
Good discussion with the ads. It’s very distracting.
I became familiar with your work through Glenn Loury. This was a 1st time to listen to your podcast. 1st impression is favorable. I will continue to listen and evaluate.
Great conversation. Sacks for president!
Ty
@ 1:00:00 David Sacks makes a great point about the monopolies, we have a big problem if it is not alleviated.
Maybe antitrust the tech vertical monopolies? Currently Google makes my phone's OS and runs my app store. If there were other app stores, Google couldn't unilaterally decide what apps I can decide to use. That would free up my options, while preserving Google's right to decide which developers they want to do business with.
There are always 'deeper' class divides; concepts are infinitely divisible.
Always had good luck with family run business when the father, mother, uncle or who ever started it , still hangs out.
great show
OMG I just found this Channel today!!! I'm thrilled...
Wouldn't most consider David Sacks an "elite". Stanford educated, top tier law school, tech and SV insider, and a VC.
Great interview but this channel is unwatchable on KZread given adverts every 2 minutes....and I certainly won't follow through any advert on Google!
Just hard workers.
I can't believe this podcast is named Conversations With Coleman, as if the ghost of Tyler isn't going to haunt you forever for this.
Nice interview. Mammoth task ahead - wonder what ChatGBT will do ... program our replies before we have thought of them ...? Every innovation has a flip side.
Hughes is brilliant, conducts coherent interviews that build and go somewhere through complex terrain.
27:00 - Lux Conformitatis, the sacred and holy light of social conformity for social conformity's sake.
Excellent conversation! Can you do one on Bitcoin with someone knowledgeable soon please
What proportion of media content is inflicted by ideological bias? I’m from Australia and occasionally watch American news bites over KZread. I find Fox very biased, whereas I see some bias from channels like CNN or MSNBC but not as much. Is there a higher proportion when you watch full segments on television?
@xletytejada
6 ай бұрын
CNN, MSNBC are extremely more bias than Fox 🤷🏾♀️
Good to hear Sacks’ takes outside of the All-In smartest guy in the room contests. Love the besties but sometimes it feels like they are having four different conversations. Sacks can fall into the same behavior as the political partisans (or is it just Democratic partisans?;) he criticizes. For example I think he would be more likely to point out Musk’s hypocrisies if he wasn’t so close to him.
There is a solution.
"Astronomy is not politicized".. oh boy.. Have I got a story to tell you.
@paulstone1946
Жыл бұрын
Come now. I'm an astronomer. What are you thinking of? Outside (I guess) academic politics, which attach to every discipline.
0:44 😂 I attended college nearly 10 years…it was a lifestyle… I had to escape the college mindset… I got my master degree and left the college plantation.
Sacks the 🐐no🧢
@xletytejada
6 ай бұрын
❤
Goated
How does a guy like Coleman Hughes get the name Coleman Hughes? Everything he represents is represented perfectly in his name. It just sits so well.
One of the problems with jobs today is that 70% of the jobs need a degree which only 30% of the population has.
@permaculturemom9848
Жыл бұрын
But they both contradict themselves in thinking that college is not valuable. Sacks is billionaire due to the connections he made at Stanford.
Universities are more diverse than most rural and subrban areas. Being around different people makes them more compassionate. Pretty funny that Sacks can't figure out this "mystery"
@koray9511
Жыл бұрын
Being around people that think exactly like you is not diversity. The simplicity of being diverse because of your skin color is the problem and in itself racist
@charliewalter1274
Жыл бұрын
@@koray9511 What a dumb response. Diversity does not refer to just race.
@vd1721
Жыл бұрын
Have you lived in a major city. Diverse but no compassion at all Correlation is not causation
@charliewalter1274
Жыл бұрын
@@vd1721 another dumb response. Your anecdotal experience is basically worthless in polling of millions.
@divinegon4671
Жыл бұрын
What’s your measure for “compassion” is it just your subjective feeling? Your own bullspit?
It is far left ideology that allowed him to feel he is actually equal to Saks. Just Saying the quiet part out loud here…. People have died for his freedom and mine in this country.
I know of Coleman, but its the first time his podcast has shown on my feed (probably because David Sakes, as I watch All In Pod) but I'm highly impressed; subscribed. Will search back catalogue and look forward to future shows 🤌🏾👌🏾
Sacks graduated from Stanford in 1994, BEFORE he was an "entrepreneur." Hmmm . . . so WHERE did THAT money come from?!?! Hopefully, it was derived from SOME 'entrepreneurial' source . . . is endocrinology entrepreneurial? I'm a bit disappointed that he ". . .did not know he wanted to be an entrepreneur . . ." by the age of 5! (Wikipedia, "David O. Sacks").
David's assessment seems so narrow. He thinks the college goers sort out into Goldman Sachs workers, future college professors, or political commentators. Maybe that is your elitist experience, but where I went to college, most people got degrees in engineering, science, or medicine. There was very little "indoctrination" if any. There was a focus on building skills you would need for your job. Maybe that's how it is at places like Columbia, but I don't think that's the major flavor at most run of the mill colleges and universities.
@menelik83
Жыл бұрын
David’s entire point is that this is happening at Elite colleges, not necessarily run of the mill.
@dingusfartacus9624
Жыл бұрын
Look at dei initiatives at valley companies it’ll make more sense
@michaelholmes8848
Жыл бұрын
Bot.
If, as Sacks suggests, such a big realignment toward the Republican party, how does he explain the complete lack of any red wave in the mid-term elections. On this, I think he's just saying what he wishes were true.
@tlanimass952
Жыл бұрын
I think the repeal of Roe had a huge impact.
@xletytejada
6 ай бұрын
A lot of my people have turned Republican but they don't normally vote outside of Presidential elections 😉
This seems like a bait and switch, starting with brief talk about paypal and then diving straight into the sewer of US politics and "culture war".
Sacks has this idea that the expert class doesnt allow others to have opionions, which is true. But I would argue that the point is not just about being anointed as an expert by the media, but rather where the opinion comes from: did some confident person pull it out of their behind or is it based on scientific studies? We already allow for "experts" for example doctors, to be wrong and also to fail to save lives. So the whole amnesty argument is nothing new. Still a Sacks fan btw.
Sacksypooh
Clickbait title
Wow, his predictions about Elon & Twitter didn't age well, even over the course of the 1-2 weeks between when the podcast was recorded and when it was aired.
@johnconn3054
Жыл бұрын
Give it time
@AndreAnyone
Жыл бұрын
"you can't be called a racist" wow so black people cant be racist ????? cause THE MOST RACIST PEOPLE I HAVE EVER MEET ARE BLACK!!!
I disagree with your assessment of trumps tweets. You and the news media didn't like what he said, but millions of us did.
Great episode, and I appreciate David's ideas on several topics, even though he's dead wrong about others (e.g., Ukraine). That said, why is it that billionaires like him continuously balk at the chance to get involved in government? Sick of the "expert class" and politicians making poor decisions? Step up, man. The attitude that he and others have, that he should just be able to sit back on Twitter and critique everyone else seems a bit antithetical to the attitudes he lauds. Isn't that what the blue-haired they/thems do all their lives? Sit back and criticize, while building/improving nothing?
David Sacks for Twitter!
@dingusfartacus9624
Жыл бұрын
CEO
Sachs is the king apologist for Elon
Content is great, but having to deal with a f...ng add every 3 minutes made me abandon your content. Good look with monetizing man...
I can’t stand JCal. He’s such partisan mouth. I hope he gets replaced.
@tendokanyike8858
Жыл бұрын
Jcal is absolutely insufferable
What's with American obsession with defending billionaires? PayPal mafia succeeded because they were brilliant and without scruples. 👍
Sorry you are losing your hair, Coleman. However, you're fortunate to have a nicely-shaped head, and dark skin, both of which would contribute to you looking good if you lose the battle.
Why does he spare the Republican party? Not impressed with this cliche-touting guest.
@seanknox7321
Жыл бұрын
If you think he is attacking a party and not an ideology you might need to take a closer look in the mirror.
@Rellikan
6 ай бұрын
What is he sparing Republicans from?
Hilarious. Another billionaire who thinks OTHER ELITES are the problem and he has all the answers from colonizing Mars to geopolitical conflicts. YAWN. Coleman really has a thing for hot air.
@stephjamesoncurry
Жыл бұрын
Disappointing how much Coleman just let him run-on without pressure testing his ideas. I was disappointed with this episode.
@panushjo
Жыл бұрын
No billionare is a problem
@pistolen87
Жыл бұрын
Are you saying that all billionaires think the same?
@AndreAnyone
Жыл бұрын
"you can't be called a racist" wow so black people cant be racist ????? cause THE MOST RACIST PEOPLE I HAVE EVER MEET ARE BLACK1!
@dingusfartacus9624
Жыл бұрын
Idiot
A lot of commercials, most notably one for the "science" of hair loss prevention. Credibility diminishing. Unscubscribing now. Sorry.
@jed52
Жыл бұрын
You know you can just skip the commercials, right? 🤣🤣🤣
@slider292
Жыл бұрын
Yeah, god forbid the man be able to make a living…
@panushjo
Жыл бұрын
Baldie spotted
@blanchedubois1734
Жыл бұрын
If you become a paid subscriber... You get the Videos days earlier and without commercials. THE COLDMAN IS WORTH $5/month...!!!
@teacherrussell5206
Жыл бұрын
@@slider292 Snake oil is the only way to make money? Why not start a religion? I thought this was about truth?
37:50 I cant take this seriously :( In x-my Gym they promoted breast surgery for ladies :( Discussing Hair Loss???! :(
Blah blah right wing
Fantastic interview
David's assessment seems so narrow. He thinks the college goers sort out into Goldman Sachs workers, future college professors, or political commentators. Maybe that is your elitist experience, but where I went to college, most people got degrees in engineering, science, or medicine. There was very little "indoctrination" if any. There was a focus on building skills you would need for your job. Maybe that's how it is at places like Columbia, but I don't think that's the major flavor at most run of the mill colleges and universities.
@michaelholmes8848
Жыл бұрын
Bot.