Skip to content
All-In PodcastAll-In Podcast

E134: Ukraine counteroffensive, China tensions, COVID Patient Zero, RFK Jr reaction & more

(0:00) Bestie intros!: Bad conference lunches, hair fluffers, and focus groups (12:36) Zuck vs. Elon cage match (15:50) Ukraine / Russia updates: underwhelming counteroffensive, reported peace deal rejection (33:25) Blinken's China visit, Biden's "dictator" gaffe, Taiwan's future (51:49) RFK Jr's Rogan appearance, big pharma's impact on media via advertising dollars, COVID origins (1:09:59) Secondary market for depressed startup shares heats up (1:16:36) Ford to receive $9.2B federal loan to build out three EV factories, industrial policy to on-shore US supply chain Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: https://www.thegatewaypundit.com/2023/06/biden-regime-quietly-drop-5-charges-against-sbf https://twitter.com/Dexerto/status/1671971832809791509 https://thefederalist.com/2023/06/20/heres-the-truth-about-ukraines-failing-counteroffensive-and-the-peace-that-could-have-been https://www.cnn.com/2023/06/22/politics/ukraine-counteroffensive-western-assessment/index.html https://twitter.com/aaronjmate/status/1670514363634176000 https://apnews.com/article/us-army-ukraine-russia-ammunition-war-75a9ca2e3be09578c65f1198ba5b72e5 https://apnews.com/article/ukraine-war-us-munitions-stockpiles-0d38850603f4264b7568d63d6e7e3d93 https://www.cnn.com/2023/02/17/politics/us-weapons-factories-ukraine-ammunition/index.html https://www.washingtonpost.com/world/2023/04/08/ukraine-ammunition-shortage-shells-ration https://twitter.com/davidsacks/status/1671628570714845184 https://www.npr.org/2023/06/19/1183053024/profound-differences-remain-us-and-china-beijing-blinken https://www.nbcnews.com/politics/white-house/us-senior-officials-caught-guard-biden-calling-xi-dictator-rcna90398 https://twitter.com/chamath/status/1671806525029986304 https://www.wsj.com/articles/beijing-plans-a-new-training-facility-in-cuba-raising-prospect-of-chinese-troops-on-americas-doorstep-e17fd5d1 https://www.japantimes.co.jp/news/2023/06/05/asia-pacific/politics-diplomacy-asia-pacific/taiwan-2024-presidential-election-candidates https://www.dailymail.co.uk/news/article-12210999/We-not-support-independence-Taiwan-Blinken-stresses-U-S-commitment-One-China-policy.html https://twitter.com/shellenberger/status/1671162870422454272 https://www.wsj.com/articles/u-s-funded-scientist-among-three-chinese-researchers-who-fell-ill-amid-early-covid-19-outbreak-3f919567 https://mediaengagement.org/research/ad-spending-on-primetime-news-coronavirus https://news.gallup.com/poll/165893/majority-believe-jfk-killed-conspiracy.aspx https://www.bloomberg.com/news/articles/2023-06-22/startup-shares-selling-for-61-off-attract-venture-capital-hedge-funds https://pitchbook.com/news/articles/tiger-global-secondaries-direct-stakes-sales https://www.bloomberg.com/graphics/2023-ford-ev-battery-plant-funding-biden-green-technology #allin #tech #news

Jason CalacanishostDavid FriedberghostChamath PalihapitiyahostGuestguest
Jun 23, 20231h 33mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

All-In Besties Debate Ukraine War, China Tensions, RFK Jr., Markets, Energy

  1. The episode mixes banter with deep dives into geopolitics, markets, and U.S. policy. The hosts discuss sobering sentiment at the Coatue investor summit, Ukraine’s struggling counteroffensive, and claims that an early peace deal was scuttled by Western leaders. They analyze U.S.–China relations following Blinken’s Beijing trip and Biden’s ‘dictator’ remark, plus implications for Taiwan, supply chains, and energy independence. The group also defends their support for RFK Jr., revisits COVID and lab-leak revelations, and dissects late‑stage startup repricings and government industrial policy such as the Ford EV battery loan.

IDEAS WORTH REMEMBERING

5 ideas

Unprofitable tech startups must prioritize profitability or exit as capital tightens.

At the Coatue summit, investors warned around 1,400 unicorns that high-growth, cash-burning models won’t rebound like the ‘Magnificent Seven’; founders are told to either get profitable, get fit, or sell, as new funding at old valuations is unlikely.

Ukraine’s counteroffensive faces severe Russian defenses and mounting losses.

Sacks argues the offensive has yielded minimal territorial gains, with heavy Ukrainian casualties and equipment losses against layered Russian fortifications, artillery superiority, and air assets, challenging optimistic Western narratives.

The West may have passed on an early Ukraine peace framework to ‘weaken Russia.’

Citing Naftali Bennett, Ukrainian Pravda, Fiona Hill, and a displayed draft agreement, Sacks claims a deal—Russia back to pre-war lines in exchange for no NATO membership—was discouraged by Western leaders like Boris Johnson in favor of a long proxy war.

U.S.–China relations are fragile, and rhetoric can quickly undo careful diplomacy.

While Blinken’s Beijing trip is seen as stabilizing and business leaders sense things ‘not getting worse,’ Biden’s offhand ‘dictator’ comment about Xi is criticized as an undisciplined gaffe that undermines progress and needlessly provokes Beijing.

Taiwan, investors, and elites are quietly hedging against long-term U.S. protection.

The hosts point to the CHIPS Act, U.S. fab build‑out, Buffett’s sale of TSMC, and Taiwanese wealthy families planning to leave post‑U.S. fab completion as signals that, once the U.S. has alternative chip supply, its willingness to defend Taiwan may wane.

WORDS WORTH SAVING

5 quotes

They prefer to fight a proxy war of choice that was easily avoidable… It has not weakened Putin. It has weakened the United States and our allies.

David Sacks

If there’s one thing this pod represents… it’s the need to have this conversation. The idea that we could be tiptoeing closer and closer to some land war in Europe unnecessarily… and you can’t trust what you’re being told.

Brad Gerstner

We rammed something through and allowed it to be labeled a word that misappropriates what it is. It’s not a vaccine… it now makes people mistrust the measles, mumps, and rubella vaccine.

Chamath Palihapitiya

The mainstream media does not perform the function that you’re describing anymore. They act as the bodyguard for the elite, for the establishment.

David Sacks

This is a once‑in‑a‑generation opportunity to reduce our national security risk profile and to achieve what is really a national security imperative, which is energy independence.

Brad Gerstner

Shift in tech and venture sentiment post-2022 at the Coatue summitUkraine counteroffensive performance and alleged missed peace deal opportunitiesU.S.–China relations, Taiwan’s future, and emerging China–Russia–Iran alignmentRFK Jr.’s candidacy, media backlash, and debates over vaccines and censorshipCOVID origin (lab-leak) reporting and establishment/media credibilityPrivate markets: unicorn repricing, secondary markets, and zombie startupsU.S. industrial policy: EV/battery subsidies, Ford loan, and energy independence

High quality AI-generated summary created from speaker-labeled transcript.

Get more out of YouTube videos.

High quality summaries for YouTube videos. Accurate transcripts to search & find moments. Powered by ChatGPT & Claude AI.

Add to Chrome