Dan and FirstMark Capital’s Rick Heitzmann discuss how the rising cost of capital will impact companies in 2023 (2:00), Rick’s biggest lessons and mistakes from 2022 (6:00), why many private companies still aren’t taking appropriate markdowns (7:00), SpaceX’s new, sky-high valuation (18:00), which sectors will be recession-proof in 2023 (22:00), OpenAI and Microsoft reportedly joining forces and the disruptive threat to Google search (23:30), the odds of TikTok facing a regulatory crackdown in the U.S. (27:00), and if a major tech company should look at acquiring Lyft (33:30).  

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Check out the stories and tweets discussed in the episode: 

Unlimited Funds CIO Bob Elliott’s Twitter thread on losses in venture funds

Atreides Management CIO Gavin Baker’s Twitter thread on rapid shifts in time spent on competing social media platforms

The Information: Microsoft and OpenAI Working on ChatGPT-Powered Bing in Challenge to Google

WSJ: Google and Meta’s Advertising Dominance Fades as TikTok, Streamers Emerge

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan and Guy Adami discuss if the current market slump will prove similar to the recession of the early 2000s (2:00), the outlook for IPOs in 2023 & why Databricks may be the key company to watch (8:00), the global glut of chips and its impact on semiconductor stocks (12:00), growing pressure inside the Biden administration to force a sale of TikTok’s U.S. operations (15:00), Third Point CEO Dan Loeb’s market predictions for 2023 (18:00), how Tesla’s plunge is squeezing far more than just Elon Musk’s die-hard fans (21:00), and if valuations will bottom out in 2023 (24:00).

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Check out the stories and tweets discussed in the episode: 

Unlimited Funds CIO Bob Elliott’s Twitter thread about the early 2000s recession

The Information: Instacart, Databricks, Arm Could Lead the IPO Market Out of Its Freeze

WSJ: Chip Inventories Swell as Consumers Buy Fewer Gadgets

WSJ: TikTok Security Dilemma Revives Push for U.S. Control

Third Point CEO Dan Loeb’s Twitter thread on his market outlook for 2023

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan is joined by Guy Adami for a talk with Mark Mahaney, head of internet research at Evercore ISI, about the biggest lessons from a horrible year for tech and growth stocks (1:45), if Meta is ready for a comeback in 2023 (4:30), how a potential ban of TikTok in the U.S. could impact social media stocks (11:30), Elon Musk’s Twitter value destruction (15:00), Mark choosing Netflix as one of his top stock picks for 2023 (16:20), why Mark is still a long-term bull on Amazon (23:00), how Uber is finally getting traction (27:30), and if Yahoo can “rise from the ashes” under Apollo Global’s ownership (32:45).

Later, Dan and Current CTO & co-founder Trevor Marshall discuss the impact & aftermath of the Ethereum merge on ETH and crypto (38:45), if investor confidence can be restored in crypto after its recent price collapse and scandals (40:45), how Current is navigating current challenges for the Fintech industry (45:20), Trevor’s outlook for 2023 (56:30), Visa’s dominance in financial services (59:00) and if Google is preparing to enter the fintech space (1:02:15). 

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GET A FREE COPY OF MARK MAHANEY’S BOOK!  

For the first 100 listeners who leave a review of Okay, Computer or On The Tape in the podcast store and email a screenshot of it to [email protected], we’ll send you Nothing But Net: 10 Timeless Stock-Picking Lessons from One of Wall Street’s Top Tech Analysts. Please include your mailing address in the email! 

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan and FirstMark Capital managing director Rick Heitzmann discuss if the Fed will start easing rate hikes with signs of moderating inflation (2:00), Thoma Bravo and other private equity giants on the hunt for valuation opportunities in tech (7:30), Sam Bankman-Fried’s indictment and FTX’s collapse forcing a reckoning on due diligence in venture capital (8:30), how entrepreneurs are getting ahead of the curve despite market uncertainty and volatility (15:00), and if we’ll spend less time talking about Elon Musk in 2023 (20:00). Later, Dan talks with NEA partner Ann Bordetsky about her transition from high-profile consumer brands to venture capital (26:30), her experience working at Twitter and her “unpopular opinions” about its future under Elon Musk (34:30), the huge differences between working at Uber versus Twitter (46:30), finding the magic formula for successful consumer companies (54:30), and why TikTok is a perfect showcase for where consumer habits are headed (58:30). 

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan talks with Guy Adami about why tech stocks and the Nasdaq are underperforming versus the broader market (1:30), Apple’s plans to shift production out of China to countries like India and Vietnam (7:00), Tesla reportedly preparing to cut production in China (13:00), what’s driving the big executive departures from Salesforce (18:00), Meta’s intensifying regulatory and digital ad woes (23:30), JP Morgan CEO Jamie Dimon slamming crypto as “pet rocks,” (26:00) and Guy attending the Kennedy Center Honors where the band U2 was among the honorees (33:00).

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Check out the articles discussed in the episode:

Apple Makes Plans to Move Production Out of China

Tesla Falls on Plan to Cut Output of EVs at Shanghai Factory

Meta’s Targeted Ad Model Faces Restrictions in Europe

Ad growth expected to slow further in 2023

JPMorgan CEO Jamie Dimon Calls Crypto Tokens ‘Pet Rocks’

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan talks with Ida Josefiina, co-founder and CEO of Sane, about utilizing the power of collective wisdom for social platforms (3:00), why she thinks the next phase of the internet will look much more decentralized (9:00), building incentives for users to adopt new types of social platforms (13:00), Sane’s embrace of “thought spaces” to differentiate from the competition (19:00), the importance of creating beauty in digital platforms and spatial interfaces (25:00), and why Ida thinks people aren’t ready for augmented reality (28:00). 

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Check out Sane

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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 Dan talks with Business Insider columnist Linette Lopez about her new piece on why the stock market is probably “screwed” (2:30), new COVID-19 lockdowns in China creating fresh headwinds for the global economy (7:30), the time Linette became a target of Elon Musk (11:00), Tesla shareholders likely suffering from Elon Musk’s focus on Twitter (15:30), and how so many sophisticated investors were duped by Sam Bankman-Fried and FTX (22:00).

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Read Linette’s new column: The US economy may not be screwed after all — but the stock market sure is

Check out Linette’s epic Twitter thread showcasing her work on Tesla & Elon Musk over the years

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan speaks with legendary tech investor & analyst Dan Benton about tech valuations (1:00), interest rates (16:30), FOMO investing (21:00), earnings models (28:30), semis as an early indicator (33:00), and Elon Musk/Tesla/Twitter (38:00).

Check out Dan Benton’s 20 rules for tech investing from the 90s

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View our show notes and transcript here

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Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

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Dan and FirstMark Capital’s Rick Heitzmann discuss how the results of the midterm elections may impact the markets and regulation (1:00), intensifying layoffs in the tech industry (3:45), Binance’s shock move to buy FTX sparking new fears and volatility in crypto (11:00), why Rick is bullish on “pick-and-shovel” startups (17:15), Elon Musk’s chaotic handling of Twitter so far (20:45), Tesla shareholders feeling the pinch from Musk’s Twitter mess (23:15), and if it’s the beginning of the end-game for the market slump (32:45).  

Later, Dan talks with Jake Wood, Groundswell’s founder and CEO & Team Rubicon’s co-founder and Executive Chairman, along with Joe Marchese, Build Partner at Human Ventures, about what drove Jake to enlist in the Marine Corps (41:00), how 2010’s devastating earthquake in Haiti led to the creation of Team Rubicon (45:30), the importance of giving veterans purpose after military service (48:30), starting Groundswell and the growth of Philanthropy-as-a-Service (57:30), the “founder’s journey” during the COVID-era (1:09:00), navigating privacy protections in philanthropy (1:11:30), and how inflation and recession fears are impacting philanthropy and charitable giving (1:16:00).

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Check out Groundswell’s work

Make a donation to Team Rubicon

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View our show notes and transcript here

----

Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

We’re on social:

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Dan talks with Jeff Richards, GGV Capital Managing Partner, about Big Tech’s ugly third quarter (1:00), Jeff’s bullishness on cloud infrastructure (5:00), how startups and small businesses are adapting to rising interest rates (10:30), finding silver linings in the outlook for 2023 (14:10), if Mark Zuckerberg’s enormous bet on the metaverse will break Meta (20:00), how much longer the valuation reset for private companies will last (30:00), and why Jeff thinks Elon Musk will turn Twitter into a much better product 12 months from now (33:45).

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Check out our show notes and transcript here

----

Email us at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OkayComputerPod.

We’re on social:

Follow Dan Nathan @RiskReversal on Twitter

Follow @GuyAdami on Twitter

Follow us on Instagram @RiskReversalMedia

Subscribe to our YouTube page