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CO FOUNDER of Free Bean. We have Adam here with the first parents. But there's been a little Easter egg this whole show. We have his product here with us in the TBP and ultradome on the desk, cracking open a ramp. How you doing? This was a dream of Jordy's. He had this idea a year ago. Two years ago he. I was searching for more ad inventory. We had, we had more ad inventory than any show on earth. But I wasn't gonna settle there. I wanted more ad inventory and I thought, we're drinking. We're not getting paid to drink on the show. How do we fix it? You're not. But now you have some new ad inventory courtesy of ram. Yes. And Freebean. So Freebean, tell us about you, your business, your career. Get us up to speed on all this. Absolutely. I'm Adam Krasunski. I'm the founder of Freebean. Freebean is a targeted, trackable and tangible out of home advertising medium built on free coffee. Okay. We started the business while I was in college, a senior at the University of Michigan and I've never had a full time job. So. Very, very, very great story. Yeah, thank you. How much do you know about the sort of like white space and advertising inventory? I'm obsessed with, you know, app love and finding that people are playing hyper casual mobile games. They went and found this pool that wasn't on Instagram, wasn't. And they blew it up to a huge business. At the same time, on the other end, I know someone who did like free napkins and fortune cookies for Chinese restaurants, but put ads on them and it was pure margin because the napkins are pretty cheap. And so they would go and say, hey restaurant, do you want some ad supported napkins? And the advertiser would say, yeah, we'd love to put our logo all over that bar. What is the shape of these opportunities? Why did you pick beverage and then how has it actually been going distributing this to various places to get in the hands of consumers? Distribution has been going incredible. We just crossed the 100,000 can mark across a bunch of different channels. Accelerators and incubators in partnership with entrepreneurs First Antler Tech stars. Conferences and trade shows are a huge channel for us as well. And then on the consumer facing side, college campuses and things like that. The reason for beverage mainly is because it's tangible and consumable. We like to say that this is an ad you sip, not skip when talking to advertisers. It's really one of the only formats that's actually consumed. It's super unique. And the reason we chose coffee, 66% of US adults drink it every single day. It's an extremely popular beverage. Yeah. And it's, it allows us to target virtually any type of demographic, regardless of what brand is on the cans. It, it could be ramp or it could be Red Lobster. Another customer of ours. Sure. Their customers all drink coffee, or at least 2/3 of them do. So it allows us to target those people effectively and drive high return for our advertisers and brands. Yeah. What's the sweet fellow Michigan student just texted us or former student texted us. Didn't graduate, but just texted us. If you plan to expand into beers, is that, is that, you know, a potential category? I have been asked that a lot. Alcohol is tough. So we're, we're sticking with coffee for now. Maybe down the line we'll expand to beer, but we'll have to. I say beer straight shot to the original Four Loko recipe. Bring it back, wrap it in a brand. 4 Loko might be, might be the move. I know you the. On YC demo day when the guy had the humanoid and you were like, can you shotgun that ramp cold brew. And then somebody's like, ah, Four Loko. So maybe, maybe these are shotgunable though. Maybe in the future. What is the, what is the key to success as a brand partnering with you? Is it I go to you, I buy a bunch of cans. I mean, the brand looks great on, on, on the actual can. But then should I, should I mail these to my, to my customer? Should I have this at my conference? Like, how should I think about actually getting the most out of the pallet when it's delivered? Do you handle logistics? If I want to send it to my customers to remind them that they should be talking to their sales, to my sales reps, for example. Like, what is the right way to actually get this in the hands of potential customers? Sure. So when it comes to distribution, if we're looking at gifting something that ramp does a lot of actually, there's usually third party fulfillment partners who will handle the packing of those cans and then shipping them out to know maybe a prospect or something like that for the right distribution channel for the brand. It's. It's dependent on a couple factors. Some brands take the approach of, hey, this is a brand campaign or some look at it as an acquisition channel. And conferences work extremely well. We've been outside some major ones. Figma config with Paper went super viral on Twitter and they basically called it the highest converting booth at the conference. Without a booth. Wow. Because paper was everywhere at their direct competitors conference. And so again, you think about like putting something that's tangible in somebody's hands. Where traditional advertising formats don't really deliver anything to the consumer. Billboard companies, the consumer just sees a billboard. But when you allow a brand to put something in someone's hands for free, especially something that's expensive and increasing in price, you create this reciprocity effect where a person is opting in to seeing an ad and they're saying, okay, I'm going to take an ad, I'm going to take a free coffee as well. And it just drives higher return for the brand. Yeah. Last question for me. Talk about what it takes to work with you. Do you have hard minimums? Do you have maximum capacity right now? What's the sweet spot of a brand coming to you? Is it a thousand cans for a conference? 10,000 cans? What's a really down the line pitch for you these days for a conference? It's primarily dependent on the size of the conference. If we're talking about Dreamforce, a brand is going to want a lot more cans. If it's a smaller conference, they'll want a lot less cans. We do have a hard minimum specifically for our storefront, which we just launched our grand opening on Wednesday in New York City between Bryant park in Grand Central. It is the world's first free coffee shop. And as you can imagine, the coffee is literally free. You walk in, you add supported coffee, you ask for. Yeah, wait, so what are the different. Yeah, what are the different? What brands can I enjoy free coffee from? So at our storefront we have ramp novig, warp, outset paper and bland. Wow. So good. You can get AI voice supported coffee. You can get gambling supported coffee, you can get enterprise payment supported coffee. It's really like a choose your own adventure kind of thing. It is what I think is also really interesting. There's a negative sentiment around AI advertising. More so New York than San Francisco, of course, but people don't seem to care. And as I alluded to where you provide value to the consumer. Yeah, they're like, hey, I'm opting in to get this advertisement. And yeah, it's okay. If you know a voice AI company is saying, hey, call this phone number to learn how sure customer calls can help. Yeah. Nobody is vandalized. Any plans to add a speaker to the, to the can, the bottom of the can, so it can chirp out, you know, while you're enjoying the sip, you know, you might be interested in learning that, you know, ramp customers save an average of 5% on their expenses. Probably no speaker, but we are exploring thermochromic ink similar like a Coors can where if it's co cold, it displays something different than when it warms up a little bit. I like it. I love your clarity of thought on this opportunity. Thank you. Very clearly, very sharp. And yeah, I'm excited for you to scale to billions of cans annually. Thank you, guys. Thank you, guys. I appreciate it. Come back on the show soon. Yeah, let's do it. And we have a bunch more advertisers, so let's get them all on point. We got more cans. We need more cans. We have a solid amount of crossover. More than you think. Yeah. Fantastic ramp, obviously. We'd love to do more. Thank you so much for coming. Great to meet you. Have a great weekend. We'll talk to you soon. Sounds great. Goodbye.

I'll be back. Okay. So, yes, what you're building, we're building. The easiest way to describe it is think of it as a sequencer, but for life's chemical code instead of life's genetic code. Sure. About 400,000 compounds have been discovered by the collective human endeavor from throughout history to now, and it's expected that there's about 1 to 10 billion. So 99% of what makes up you a tomato in your garden or a random sample in the Amazon rainforest is still a mystery to science. And that's because we've never built anything that can take a biological sample and answer two really important questions. What are the molecules and what do they do? So we've built the tech to do just that. Talk about the positioning of the couple.

A lot of medicines to people. There we go. And what's important? A lot of 311 million, I'm guessing. I'll be back. Okay, so. Yes, what you're building, we're building. The easiest way to describe it is think of it as a sequencer, but for life's chemist.

Yeah. So if you look back at the history of the natural gas industry, and like many industries in American history, at one point it was very highly regulated to the point where the United States set the price of natural gas and you had producers who would go produce it and they would say if you produce gas, you get X dollars for it. It was viewed as an industry having some monopolistic characteristics. And those characteristics were mostly around the pipelines. Right. So there's, you know, not necessarily three pipelines between point A and point B. And if it's more of a monopoly type of industry. And so over the years and of that kind of government price setting, as you can imagine, has a lot of downsides. And so sometimes you would end up with shortages, sometimes you would end up with surpluses. And so kind of starting in the 70s under Carter and then continuing with Reagan in the 80s, he had a deregulation of a number of sectors, including natural gas. And the way that gas was deregulated was said that the production of natural gas is a competitive field. The end use of natural gas is competitive, but interstate pipelines are monopolistic at times and should be federally regulated. And so that happened. Enron at the time was this integrated natural gas company. And all of a sudden you have a pipeline division that has Chinese wall between the production side and the end use side. And much like a bank now, all of a sudden somebody has to be that intermediary between the two. And so you have a producer producing gas in South Texas, a certain amount wants a certain pricing mechanism over a certain time period, and an end user someplace else who wants different characteristics about how their gas is priced. And somebody had to get in the middle of that. And in fact, Enron's first business coming out of this deregulation was kind of Enron Gas Bank. Again, very similar characteristics to what a bank does. This industry was really getting started in the late 80s, early 90s. And when I got started in 95, I had the benefit of this was not a highly mature industry. In fact, it was still trying to find its legs. And so as a young guy coming in, I wasn't that far behind because everybody else was kind of starting afresh as well. Yeah, how did you process the famous Enron pitch to commoditize and trade bandwidth?

Compute is not a commodity where one data center is providing the same product as another data center and in order to have a real tradable market you either have to deliver into a certain product that needs to have a lot of buyers and a lot of sellers that are able to take that specific product to create arbitrage free type of ecosystem or you need some type of index that the industry trusts that might look at across a number of different types of compute and say compute that has characteristics in this range the cost for that for the month of September is X and so yeah either a robust index or a physical delivery product and I think both are really challenging in this field of compute there just aren't that many short term deals transparency into those is difficult the distinctions between the chips and the design of the data center and all the specific needs is just different and so trying to either come up with the physical delivery mechanism or the index that everybody trusts to be right is really hard. Yeah the.

There is this kind of waterization of much of society. You see this in a lot of financial markets today. It's not sexy to buy the index fund and just sit on it. And as the markets have progressed, you've gotten to shorter and shorter timeframe trades that are more of the binary nature of I either lose one or I make 10. And that have a lot of characteristics of a lottery. And so back 20 years ago, this was day trading and there was only so much risk out there that was more of one for one, you can make one, lose one. But then financial innovation happens and people come up with products that allow you to take a lot of leverage, either through options or through just straight leverage. And so if you put a dollar up and try to make 10 or try to make 100, there's this whole conflation between investing and trading and gambling, and there's always been some gray area across those. But you open up a Robinhood app today and it's do you want to day trade? Do you want to buy zero day options, do you want to gamble on the sports game tonight, or do you want to buy the index fund? And it's kind of all presented as this is all investing. And I think that's really scary message that we're teaching the 16, 18, 20 year olds today. Are you.

I think around this time there had been a number of hedge funds that were doing these arbitrage type strategies. And so Ken Griffin famously got started with convertible bond arbitrage. There were a number of low strategies, but they were limited in number. As they were successful, more capital came into them and they started to get arbed away. The returns for the hedge funds that were doing this were starting to decline and their assets were. Were increasing. And I think a number of those hedge funds, and I had realized that they needed to start moving a little bit further out on the risk spectrum and take more risk rather than doing kind of pure arbitrage type trades. And, you know, the most aggressive of that was Citadel. And to the extent where whenever Enron went bankrupt, I think Citadel was already interested in the commodity markets, was already kind of trading some of them. But they viewed the Enron collapse as a great catalyst in order to get into it. And they sent a whole team down to Houston, kind of set up offices in the hotel across the street from the Enron building, and just started interviewing almost everybody on the floor. And they were just kind of recreating what was the edge that Enron had, what was the org chart, who was doing what, who were the real kind of value creators of the field. And I could kind of see what was happening. I didn't really want any part of it. And so I kept kind of. The recruiter was calling me, will you come talk to us? And I saw people around me were doing that, and I just said no. And then I was a weekend trip with a kind of industry trip. I was headed to Aspen. Ken Griffin called me at the airport and says, can I talk to you? I said, I'm actually headed to Colorado right now. He calls back a few minutes later, says, if I come to Colorado tomorrow, will you meet with me? Of course. If you're going to put that effort out, then you're serious about it and I'll meet with you. I had a great conversation with him, had great respect for him, great respect for the Citadel organization. But by that point I realized that the economics for me would be better if I did my own thing and that the real value that they could provide me is capital on day one. And if I could raise that money, then I should do it on my own.

Hears AI and stops breaches. America's newest trophy asset is a country home in the Cotswolds. Cotswolds. Can never pronounce that properly. Harry and Meghan's return to the UK has put the region in the spotlight. A bevy of US buyers are looking for homes in the area. Not very American to buy or invest out here. Strange to see that it's becoming a sort of an American investment trend. Well, everyone saw what Paul Graham did and they said, I want to be like that. You know that's right. I want to put her. Are you interested? Absolutely not. Yeah. Next, Next story. Moving a modern home in Silicon Valley though. Lists for 44 million. Sort of the Cotswolds of America. That's right, Silicon Valley five bedroom house which features four distinct courtyards of pool and is the most expensive listing in Palo Alto, California. Now I want to do a little tier list. As I read you the various features, I want you to put them in buckets from F tier to S tier. So I'll read through the article and I want you to quickly assign each feature of this $44 million Palo Alto home a tier. So for years, tech entrepreneur Asher Waldfogle and his wife Helen McLean dreamed of building a modern house in Palo Alto. The couple, however, worried about clashing with the Mediterranean style architecture typically associated with their neighborhood of old Palo Alto. So they tapped an architect to design a home that paid homage to its surroundings with stucco, mahogany and titanium zinc platting. Where does titanium zinc platting go for you? Kick it off. You like it? A tier. A tier. A tier. Okay. We're leaving some room for an even better feature. They spent 20 million over several years building a house completed in 2005. So now looking to be closer to their adult daughter on the east coast, they are putting the five bedroom home on the market for 44 million. Wogafold is an angel investor who co founded Redback Networks and telecommunications equipment company. McLean previously had a career in fundraising. The couple purchased roughly career in fundraising. Let's go. Generational run in fundraising. So the couple purchased the roughly 0.4 acre site. In terms of lot size, where are you putting? 0.4 acres? Is that enough? F tier. F tier. Wow. Okay. You need at least three acres to really make a make a splash and earn S tier. They demolished the circa 1930s Spanish colonial home. The house they built pinwheels around a central staircase. What do you think about houses that pinwheel around central staircases? I like classic California one story ranch style homes. You don't want a staircase at all because the alternative is two staircases. You have a front staircase, a main entryway, and then a back staircase. This is a central staircase. But you're a no staircase guy. So where is pinwheeling around? Once the kids are older, then you introduce the staircase. I could explore it, but for now I'm putting it staircases in general. Going in D tier. D tier. Okay. Staircases are out. It has 7,900 square feet of livable space. Where does that go? Split across multiple floors. I'm going B tier. B tier. Okay. Four distinct courtyards. Are you a courtyard guy? Problem with courtyards is like, they're very cool in theory, but how often are you actually like. It's really just like. It's really just. It's like a feature that goes unused. Sure. I feel like the average courtyard gets like five minutes of someone's time annually. So I'm hearing like a C tier. D tier. D tier. Brutal for the four courtyards. What about the pool? It's got a pool. Where are pools for you? Pools are still underrated. Okay, so what's that? A lot of people would say pools properly rated. Everyone thinks they're great. I think they're better than the average person thinks a pool is. I'm here in S tier. Pool is S tier. Okay. We need. I want to see what the pool looks like. Okay. Key feature of the home is a cast in place concrete wall or spine. What do you like? Do you like a spine in your house? Concrete wall, two stories high, 80ft long. There's a little bit of chaos. I like, I like it. Some sort of a continuous theme. Yeah, I'm into it. B tier. B tier. B tier. Okay. He said his wife and him are thinking of the next phase of life. They also have a home in Sun Valley, Idaho. S tier. Second home in Sun Valley is S tier. Okay. S tier. Right now they're trying to emotionally let go and decide what to do next. Palo Alto is the center of venture capital and tech startups in Silicon Valley, home to some of the country's biggest tech titans. Sales volumes and prices are rising with a median sale price of $3.5 million for the three months ending in August, up 5.8% year over year. Yeah, it's tough to get excited about this home in LA. This is like a probably $12 million home depending on where it's located. But over there. But over there, apparently it's S tier. Yeah, apparently it's S tier. Well, someone will pick it up and hopefully they enjoy it. Hopefully they're into courtyards, they're into concrete. Spines in their homes and that. Right. They make it a wonderful location. I think it's that time. It is that time. Let's bring in John.

No, totally. There's also some interesting local knock on effects here in la. Los Angeles implemented a mansion tax for houses, in theory, houses above four and a half million, five million, something like that. But it applies to commercial properties as well. So apartment buildings that change hands have to pay something like a 4 or 5% tax. And so that's obviously going to hurt the amount of building because when you go to sell and transact the building, you're taking this 5% fee off the top. But it's also, yeah, putting pressure on existing housing stock and sort of is like an odd knock on effect because voters obviously go and say like, yeah, if you can afford a $10 million house, you can afford a $500,000 transaction fee, go for it. And it was a very popular bill or change the law, popular tax. A lot of people would be like, wait, my apartment is going to be taxed too because I just live in a building that's over $5 million in aggregate. Like this is maybe not what they wanted and so who knows where that goes, but people are disappointed anyway.

A few days ago. Yeah, well, sounds like a mess. Anyways, over to eights. To what? This is the video you were talking about. Oh, yes, yes, yes. By popular demand, his magnum opus. He has repurposed the famous scene from American Psycho, the business card scene with pickles. New pickle. What do you think? I can't really hear it. So we're doing IEMs with our guest. Very nice. Look at that. Picked them up from the deli yesterday. Good coloring. That's dill. And the brine is something called mustard seed. It's very cool, Bateman, but that's nothing. I remember when you had to do this. You had to go into After Effects, track the actual business card, roto out the hand so that the car, whatever you put on the card was underneath. And then you needed to blend the new card in if you wanted to make a joke. It was very time intensive. Took hours. Now you can even change the voices. It's pretty crazy. This is the next pickle. There's something coming out of a whole peppercorn, extra crisp. Impressive. Very nice. Let's see. Paul Allen's pickle. See, there's still, like, a spark of genius here, you know, Mixing pickles with. Let's see. Paul Allen's pickle with. And the fidelity is olive coloring. A tasteful thickness of it. Oh, my God. All right, we can move on. We can move on. Let me tell you about Cisco Critical Infrastructure.

Well, there is. It's not all about an AI slop. There's a video that 8 shared by popular demand his magnum opus. No, it is all bad and I slop. You think this one's bad? Rewind. There's this guy Henry says I am so beyond obsessed with this account. For me, this is the moment that I am now very, very, very bullish on a video. Okay. There's an account called Jean Philanthrope who's like a French guy who's a boxer. Yep. It is just somebody using basically making videos and then translating this guy with a funny haircut. Yeah. He looks very silly and he got 230,000 followers on Instagram. Yeah. Oh when he launched a coin Hundreds of millions of views. And then so the new meta I guess is making an AI character That's silly strange. Run up the views and then and I think this was one of the top tokens a few days ago. Yeah. Well, sounds like a mess. Anyways, over.

And lo and behold, they're just watching TVPN for three hours every day, getting informed about technology and business news. What do you think about dopamine sites though? Because dopamine sites, which is where. Explain this. Dopamine sites are fake shopping experiences. It's an e commerce site where you can buy luxury goods, but you don't actually have to pay them and they don't arrive. So this is from an article shared by Adonis on X. The final frontier of consumerism has arrived in South Korea. Quote this week I placed orders for a $44,860 Patek Philippe hand engraved watch, a $12,500 Hermes bag, a $9,800 Tiffany diamond ring, Cha Ching. Oh, I like. I didn't realize that was the analog one. That's great. And a $7,350 Cartier love bracelet in yellow gold. I don't need any of them. I certainly can't afford them. Thankfully, they'll never arrive. Instead of Amazon, this individual spent the past week browsing a new breed of website known as dopamine sites. A trend that emerged in South Korea. These websites, like Dopamine Shop and Food Never Comes, recreate the entire ritual of online shopping. You search for products, compare reviews, add items to your cart, enter a shipping address, place an order, and even track your delivery. But it's all. All imaginary. Is this not as bad as sports betting? Is this not bad at all? What is this? It's sort of strange and sad and a reflection of our society that is so infatuated with pure consumption instead of creation. And it's dystopian, but we just do a dopamine site for TBVN merch. Never sell it. He just create a cart. I was thinking you should make like dopamine ARR. Where you log in. Oh, build a fake startup. It looks like a stripe dashboard. And then you just see like. You know, there's a game that I played that is basically, it's like a cookie clicker game. What are those? Mindless games? I don't know. Like Adventure Capitalist. Yeah, I played Adventure Capitalist. And you just like click a button and it's like open lemonade stand. And then by the end you're like farming robots on the moon and you just watch the numbers go up. Yeah, we made a game called Burn the Runway back in the day. Oh yeah, Put it in the chat. You can pull it. It's still up. Wow. This is pre vive coding. You did it the old fashioned way, by hand. It's crazy. Do you think this counts as LARPing? Because it's actually live action. Right. But it's like the spirit of larping develop like an encyclopedic knowledge of luxury goods if you spend enough time on here. I don't know, it seems like it's nowhere near as bad as something where real money's at stake because you are wasting time, but you're not wasting any money and there's no risk downside. So why would you buy bananas? Well, that's the cheapest item if you need them for. But you can buy the max amount of bananas and then. Oh, okay, okay. So you buy different things for your startup and then you wind up running out of Runway at the end. Yeah. Interesting. Game over. Wow. To put this into perspective, there were no AI companies even on this list. Wow. Then it was WeWork. You had early Anduril. Anduril had only raised, I think, a couple hundred million at the time. You had Quibi on there. Okay, okay. The whole. Well, there's. It's not all bad in AI slop. There's a video that Eights shared by popular.

Files with design system context. Has the AI slob gone too far this time? That's our third debate, the third debate that will shock you. So we can pull up this Kalshi ad. It's their latest direct to consumer direct response for everyone at home. This is a karaoke moment. Yeah. You're sitting in the office. This is going to be on the open floor plan. Don't be afraid to start singing. Yeah. Add it to this to the Spotify playlist. Said Brian Pempus says this Kalshi ad is among the most dystopian ones I've seen from any betting app. And you can sort of hear the AI song over the Pixar inspired AI generated video. The lyrics are also odd. Not to nitpick, but it says like, he sends his cousin girlfriend money and then he's handing her money. Every month I send her money from groceries. So there's a lot of like. It lacks the polish that removes something from slop. Every once in a while you see a video that is AI generated but you're like, okay, there was enough attention to detail there. This was. Let's just rip it. This is actually a popular format of AI swap that's been going very viral. Starts with a really dramatic hook. In this case, the man thinks his partner is having an affair, but actually she's just hedging food prices on cows because she has inside knowledge on the market from working at a bakery in the morning. Yeah. So that even though egg prices are going up, she's able to net out and remain even because she is profiting on trading the egg futures market on Kalshi. I don't know how deep the market is. I don't know how real those markets are. Do they really have egg futures markets on Kalshi now? That's kind of interesting. I don't know if you can actually hedge your groceries. I want to see a version of this ad from the Chicago Board of Trade where she goes a lot further, gets a Bloomberg terminal, establishes a relationship with JP Morgan, Morgan Stanley. She's visiting the Chicago Board of Trade regularly, trading in size. She's talking to counterparties, Millennium Citadel, you know, she's on the phone constantly moving huge volumes of of commodity futures at scale, kind of elevating herself past just the prediction market small ball and getting into the big leagues. That's the future. Would you rather your girlfriend insider trig egg futures or cheat on you? No. So this is not insider trading. Like you can actually do this. You can be a baker and realize that prices are going up and trade the, the commodities markets. In fact, the commodities markets are designed specifically to give that signal and that, and that, that is the purpose. The purpose is to, is to understand, okay, the weather is bad, people can trade that. Fundamentally there's, there's no law against insider trading in commodity markets effectively. But there's a question of like is this a consumer ready product? Like is this something that someone who is maybe doesn't have a whole desk and a research team and a Bloomberg term. One interesting thing is I found egg prices up in September. The market right now there's a 72% chance. Okay, but there's only $417 of volume. Yeah, but if you're only buying $20 of eggs, that's enough depth. So it is a viable use case. It's not fair. Fraudulent. I think most people are responding to just like the sloppiness and like the click baitiness of like the weird hook. But somebody posted one of these that was done by a much less prestigious brand in I think like weight loss. It was some sort of weight loss pill. But it starts with like this insane hook about a secret relationship. Very soap opera script. And I feel bad but I actually watched the whole thing because I couldn't look away because it was really the Pandora's box. It was, it was infinite jest for that three minutes. And all the comments were like why did I watch this? And someone had put it on the timeline as like this is the worst thing I've ever seen. Yeah. The funny thing about this, the funny thing about this ad is it seems like there no one like proofread it because there's a lot of elements of it that just are not, not even phrased properly. But sometimes putting in those details gets people to talk about it gets people to go in the comments actually amplifies things. It draws your eye in. And so you never know with like the algorithmic ad generation where all this stuff goes. What about the. The interesting thing is I, I think the, the consensus and we're going to talk to John Arnold about sports betting and prediction markets at, at noon today. But there is another interesting side of this which is people seem to be coalescing. At least the vibes in the timeline are like this is not good. This is like either you should personally stay away from it. I don't advise you to be sports betting. And I think that's John Arnold's position. There is a second debate point in question which is what about the, the dopamine sites? How do you feel about dopamine sites. So in South Korea. The thing that I think is my current concern about the state of the hyper casino that our world has turned into is that like as an adult I feel like confident in my own decision making ability and the ability to see ads for gambling all the time everywhere and still make the call. That's not for me. I'm not interested. So you've never lost a dollar? I've tried one weekend. John got to witness me one weekend. I was like, look, I think I should try this gambling thing. It seems super popular. I got to get to the bottom of it. So I tried it. I'm running in the. Running in the red. And this is. But that being said, you're stuck in your. As a 30 year old, I've been advertised gambling products for a decade now. Yeah. And my concern is that while adults have the ability to just make the decision like, hey, this isn't for me. And you have like more. Yeah. Start young. You're more likely to stick with it for a while. Yeah. But young people today are going to go through that. Growing up on the Internet are going to go through this. Just like they will probably be served like a million gambling ads by the time they're 18. It's a lot. Yeah, I guess I didn't get served. It's so normalized. It's so a part of society now. It's instantly accessible. If you're getting advertised stuff like this, that's basically saying like, hey, you're sending this message that this is your way out. Right. This is. Yeah. The deep irony is like the way out is to not probably participate and be one of the people that makes it through without forming the addiction. Yeah. But maybe we need to run a slop ad about that. We want to do a slop ad like this where it's the same premise. Oh, I think my partner's having an affair. And lo and behold, they're just watching TVPN for three hours every day getting informed about technology and business news. What do you think about dopamine sites though?

He decided to lock in and grind for the grind for the asi. Well, you know who was there? Who was Lynn Martin. Lynn Martin from the president of the New York Stock Exchange, our friend to see it holding it down. Let me tell you about the New York Stock Exchange. Want to change the world, raise capital at the New York Stock Exchange. There's Lynn. She's been on our show multiple times. Dear friend and also, you know, an important person to get around the table when the, when the capital markets, when the future of the global economy is at stake. So very exciting to see her there as well as many other guests who made the list. The list is his wild signal was really, it was really having some serious fomo. This was hilarious. Okay. Would have paid my entire net worth just to be a fly on the wall. This gathering. I could only imagine the conversations, the subtext and attention in that.

For the asi. Well, you know who was there? Who was Lynn Martin. Lynn Martin from president of the New York Stock Exchange. Our friend to see it holding it down. Let me tell you about the New York Stock Exchange. Want to change the world, raise capital at the New York Stock Exchange. There's Lynn. She's been on our show multiple times. Dear friend and also, you know, an important person to get around the table when the, when the capital markets, when the future of the global economy is at stake. So very, very exciting to see her there.

For the asi. Well, you know who was there? Who was Lynn Martin. Lynn Martin from president of the New York Stock Exchange. Our friend to see it holding it down. Let me tell you about the New York Stock Exchange. Want to change the world, raise capital at the New York Stock Exchange. There's Lynn. She's been on our show multiple times. Dear friend and also, you know, an important person to get around the table when the, when the capital markets, when the future of the global economy is at stake. So very, very exciting to see her there.