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Uncapped with Jack AltmanUncapped with Jack Altman

The Chainsmokers: Stories Behind the Songs, AI’s Impact on Music, and Venture Investing | Ep. 30

Alex Pall is half of the Grammy Award-winning duo The Chainsmokers. Beyond music, Alex is entrepreneur and co-founder of Mantis VC, a venture firm that invests opportunistically in early stage tech-enabled startups. Some of their investments include Alchemy, Chainguard, Kalshi, Roblox, and Rogo. We had a wide ranging conversation that broke down the creative stories behind a few of their top hits including “Closer,” “Something Just Like This,” and “Don’t Let Me Down.” We also explored the creative process at the highest level and how Alex’s experience in music influences the way he approaches venture investing. Timestamps: (0:00) Intro (1:04) Stories behind the songs (4:58) Coldplay collaboration (9:57) Creating Closer (13:25) Dependencies vs creative fuel (18:09) Letting songs be promiscuous (19:45) How “Don’t Let Me Down” happened (22:57) Art vs playing the favorites (26:18) Balancing music and business (29:49) Albums telling stories (35:42) Tension behind growth as an artist (39:28) Inspiration drives creativity (41:20) AIs impact on music (44:34) Outlier talent (47:22) Building a venture firm (54:46) Experiencing elite circles (1:01:17) Importance of momentum More on Alex: https://www.mantisvc.com/ https://x.com/AlexPallNY More on Jack: https://www.altcap.com/ https://x.com/jaltma https://linktr.ee/uncappedpod Email: friends@uncappedpod.com

Alex PallguestJack Altmanhost
Oct 29, 20251h 5mWatch on YouTube ↗

CHAPTERS

  1. Jimmy Buffett on building fan-first businesses (and why it resonates with The Chainsmokers)

    Alex opens with a lesson from a lunch with Jimmy Buffett about turning an artistic identity into a broader set of businesses that continue serving fans. That story becomes a bridge into why Alex sees parallels between building music careers and building companies.

    • Buffett’s Margaritaville as an “extension of who I am” business model
    • Serving fans across life stages (even retirement communities)
    • Why that mindset maps to entrepreneurship and investing
    • The idea that artist skills can translate to business success
  2. How great songs really get made: non-formulaic process, pressure, and flow state

    Jack asks whether great songs can be made formulaically or if they need a story. Alex explains that songs start in different places every time, and that the most important ingredient is getting into (and staying in) the creative zone without interruptions.

    • Songs don’t require a personal story, but creativity is rarely formulaic
    • “How you start” a session predicts whether the day will work
    • Protecting flow state as responsibilities and distractions grow
    • Maker vs manager schedule and why interruptions are costly
  3. Coldplay collaboration: the day “Something Just Like This” clicked

    Alex recounts the path from years of wanting a Coldplay collaboration to the pivotal Malibu studio session with Chris Martin. False starts, mounting pressure, and a last-minute chord progression set the stage for Chris to rapidly improvise most of the song’s core.

    • Coldplay as a dream collaboration for electronic artists
    • Chris Martin’s presence and creative “gravity” in the room
    • Two-hour wait, multiple false starts, and then the breakthrough chords
    • Chris writing vocals/lyrics in real time—“give me a mic”
    • Why in-room energy mattered more than sending beats digitally
  4. Creating “Closer” on a tour bus: late-night writing, instant validation, and finding Drew’s voice

    Alex explains how ‘Closer’ emerged during an early bus tour, with Lewis The Child contributing key electronic ideas. The next day’s repeated playbacks revealed the song’s power, and the team leaned into Drew’s scratch vocals—then refined them into the final sound.

    • Writing in a makeshift bus studio after shows (2 a.m. sessions)
    • Lewis The Child’s influence on the bouncy electro elements
    • Immediate audience feedback: playing the demo 25 times in a row
    • Drew stepping into vocals for lack of a singer on tour
    • Pro Tools/Auto-Tune craftsmanship (shout-out Shawn Frank)
  5. Alcohol, drugs, and creativity: helpful spark vs dangerous dependency

    Jack probes the role substances can play in creative work. Alex acknowledges lowered inhibitions can unlock risk-taking, but warns about the trap of believing you can’t create without them—and describes their shift toward more intentional, daytime-focused sessions.

    • Substances can reduce fear and spark experimentation
    • The dependency risk: “I can’t write unless…”
    • Reframing creativity around intention and routine
    • Daytime writing as a healthier, more focused evolution
    • Parallels to other “dependencies” (training, habits, rituals)
  6. Don’t let songs get ‘promiscuous’: avoiding too many opinions too early

    Alex shares Drew’s idea that songs lose magic when exposed to too many ears before they’re finished. They connect this to intuition, conviction, and how early feedback can sand down the very edges that make a track special.

    • “Promiscuous” songs: too many listeners/opinions before they’re ready
    • Early feedback can smooth out the best edges
    • Trusting intuition and protecting conviction
    • How partners can sharpen decisions (“iron sharpens iron”)
    • Parallels to investing: certainty vs seeking endless opinions
  7. How “Don’t Let Me Down” happened: trap challenge, Coachella story, and rebuilding from a crash

    Alex tells the behind-the-scenes story of ‘Don’t Let Me Down,’ including missing the writing session and hearing the demo afterward. The track’s narrative (lost at Coachella) and a brutal computer crash forced a full rebuild from memory—ultimately simplifying the song for the better.

    • Written with Scott Harris and Emily Warren while Alex was absent
    • Inspired by The xx + a challenge to make a trap song
    • Lyric premise: being lost at Coachella and pleading not to be abandoned
    • Drew finds the drop after a flight
    • Computer crash forces total reconstruction from memory
    • Rebuild improves the track by stripping non-essentials (Rick Rubin-like lesson)
  8. Performing vs evolving: playing the favorites without becoming predictable

    The conversation shifts to the live show and the tension between surprising audiences and honoring the original songs. Alex describes tailoring edits for crowd energy (especially Vegas) while still testing new music and tracking how songs permeate culture over time.

    • Live edits that surprise without alienating fans
    • Vegas as a unique “best day of my life” audience dynamic
    • Educating crowds with new tracks vs delivering the classics
    • Examples of mashups/edits (e.g., “Fast Car” into “Closer”)
    • How long it takes for hits to reach broad audiences
  9. Artist and businessperson at once: ambition, diversification, and why it’s hard

    Jack highlights Alex’s dual identity—deep artistic instincts plus strong business thinking. Alex explains that both he and Drew were entrepreneurial from the start, and that music success was always intended as a platform for broader ventures.

    • Early alignment with Drew: big ambitions, no shortcuts
    • Entrepreneurship as a long-standing trait (even before music success)
    • Multiple ventures: tequila, production, fashion, then venture capital
    • Business as a different kind of competition and “tangible” challenge
    • Internal tension between pure art and serving an audience
  10. Albums, narrative arcs, and unplugging to create: why context matters

    Jack shares his renewed appreciation for albums, prompting Alex to argue that lasting artists need cohesive bodies of work. Alex describes the deep focus required—often unplugging physically and mentally—and recounts a Hawaii writing retreat that helped define an album’s direction.

    • Albums as essential to longevity and “the greats” conversation
    • Singles without albums as “hallways that lead nowhere” (Antonoff quote)
    • Billie Eilish’s view: context over picking singles
    • Creating albums requires isolation, time, and a unified visual/sound story
    • Hawaii retreat (via Brian Chesky connection): surfing, mushrooms, nonstop writing
    • Creative arc examples: how moods change across an album (e.g., Sick Boy)
  11. Inspiration as the engine: therapy sessions, lived experience, and input libraries

    Alex argues that great work is usually sparked by inspiration—even if it feels like it arrives “from above.” He describes how sessions often begin like therapy, and why artists (and actors) must build a rich library of experiences to draw from creatively.

    • Creativity needs receptivity; inspiration comes from life inputs
    • Sessions often start with personal check-ins rather than music mechanics
    • Experiences as raw material: relationships, movies, conversations, aging
    • Acting analogy: “go do everything else except act” to become great
    • Originality as recombination of a deep context library
  12. AI’s impact on music: keeping creators in flow, anonymity of ‘good enough,’ and context vs content

    They explore AI’s growing role in production and even vocals. Alex sees AI tools as powerful accelerants that keep momentum in sessions (e.g., quick drums), predicts we already hear AI-assisted music, and argues that artist context will still matter for enduring fandom—despite TikTok’s decontextualized discovery model.

    • AI as ‘zone protection’: faster iteration on parts like drums
    • AI vocal demos (even mimicking Drew) as a practical workflow tool
    • Claim: in a club, most people couldn’t tell AI vs human if it’s good
    • Context drives deeper enjoyment; TikTok often strips it away
    • Longevity comes from forcing audiences to care about the person/story
  13. Outlier talent and misallocated potential: ADHD, systems, and channeling superpowers

    Jack notes how striking true outlier talent can be; Alex expands into how talent can be wasted without the right channel. He shares his own ADHD experience and how simple systems (lists) converted scattered energy into execution, connecting this to broader narratives about neurodiversity and invention.

    • Outlier talent is rare—and obvious when properly aimed
    • Tragedy of high ability applied to the wrong problems
    • ADHD as disordered focus that can become hyperfocus
    • Building personal systems (lists) to turn energy into output
    • Neurodiversity and product creation as tools for connection/comfort
  14. Building Mantis Ventures: why they avoid ‘celebrity consumer’ investing and aim to be the best 6th man

    Alex explains Mantis’ positioning: leaning into technical categories (cybersecurity, AI, health, frontier tech) driven by curiosity and differentiation. He emphasizes collaboration, adding real value, raising capital from a unique network, and learning by being alongside elite founders—like a championship team’s sixth man.

    • Strategic focus on technical/enterprise areas over typical celebrity consumer bets
    • Collaboration as a core operating principle in both music and investing
    • The value-add constraint: don’t take cap table space without earning it
    • Raising capital from influential relationships to create an “Avengers” cap table
    • “Sixth man of the year” strategy: join great teams, learn what greatness looks like
    • Pattern recognition: reps matter, most investments (like songs) won’t hit
  15. Elite circles, ego traps, and the importance of momentum (closing reflections)

    Alex compares social dynamics in Hollywood vs tech, describing stronger alignment with founder culture and discomfort with status games. He and Jack discuss how fame/money amplify traits, how creators and founders can lose focus, and why Alex prioritizes momentum, learning, and fun over obsessing about wins and losses.

    • Hollywood vs tech: different social structures and personal fit
    • Avoiding ego/status as a way to protect craft and relationships
    • Founder parallels: press, secondaries, lifestyle inflation can derail focus
    • Motivation drivers: money vs fame vs power—and what access really buys
    • Long-horizon planning vs day-to-day execution; family and touring trade-offs
    • Momentum as the north star: small steps, enjoyment, resilience after failures

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