Jake Howe

That would be incredibly damaging to Google. That's the most damaging. The easiest is YouTube and Waymo in this whole mix. But I'll give you the wild card in all of this.

That would be incredibly damaging to Google. That's the most damaging. The easiest is YouTube and Waymo in this whole mix. But I'll give you the wild card in all of this.

And they will lose one third of their revenue to that new company. Now, of course, they'll get it back in the equity, but then they don't have it because about a third of searches are mobile now. And that's increasing. The big wild card in all this is Apple. When I was doing Mahalo, which was a human powered search in over 10 years ago, that's Sequoia back. I emailed it to Steve Jobs.

And they will lose one third of their revenue to that new company. Now, of course, they'll get it back in the equity, but then they don't have it because about a third of searches are mobile now. And that's increasing. The big wild card in all this is Apple. When I was doing Mahalo, which was a human powered search in over 10 years ago, that's Sequoia back. I emailed it to Steve Jobs.

He opened it. He played with it a bunch. I won't talk about anything else in that regard. But they had a search project in the works when Steve Jobs was in charge over there. They were looking at search because he had such an ax to grind with Eric Schmidt because they launched Android and he kicked Eric Schmidt off the board. And there was a lot of hand-wringing there.

He opened it. He played with it a bunch. I won't talk about anything else in that regard. But they had a search project in the works when Steve Jobs was in charge over there. They were looking at search because he had such an ax to grind with Eric Schmidt because they launched Android and he kicked Eric Schmidt off the board. And there was a lot of hand-wringing there.

I think Apple is, and I've heard this from folks around Apple, that they're looking at search again. And there's DuckDuckGo and there's a company called Brave that has their own search engine and search API that's gotten very popular. I believe Apple is going to launch their own search engine and compete heads up with Google.

I think Apple is, and I've heard this from folks around Apple, that they're looking at search again. And there's DuckDuckGo and there's a company called Brave that has their own search engine and search API that's gotten very popular. I believe Apple is going to launch their own search engine and compete heads up with Google.

And so I think that's going to be the very interesting thing that happens in this market. The question then becomes, Chamath, does this distract management to a level like it did Microsoft and you have a lost decade and it takes their eyes off the prize of AI?

And so I think that's going to be the very interesting thing that happens in this market. The question then becomes, Chamath, does this distract management to a level like it did Microsoft and you have a lost decade and it takes their eyes off the prize of AI?

I think the- I'm always referring to management, you know? Like, do you think it distracts management from running the business, Shema?

I think the- I'm always referring to management, you know? Like, do you think it distracts management from running the business, Shema?

I'm gonna take the other side of that. I think that what they can do with their massive amount of power is destructive to competition in the marketplace. If you look at self-driving, we have had tens of billions of dollars invested. Without Waymo, it would have been just fine. There have been so much money, Tesla, Uber, you know, a cruise GM, there's plenty of people out there.

I'm gonna take the other side of that. I think that what they can do with their massive amount of power is destructive to competition in the marketplace. If you look at self-driving, we have had tens of billions of dollars invested. Without Waymo, it would have been just fine. There have been so much money, Tesla, Uber, you know, a cruise GM, there's plenty of people out there.

There's plenty of capital out there from around the world. And I think when these companies and Facebook's one, I think proves my point, what you're saying here is,

There's plenty of capital out there from around the world. And I think when these companies and Facebook's one, I think proves my point, what you're saying here is,

I think it would be better that you didn't have these companies that could put $20 billion into something and you had 50 startups go after it rather than these giant companies just steal it and overpower them, flooding them with capital. It makes the world less dynamic that Zuck can just, and Google can keep taking the next category from the marketplace. Go ahead, Sax. You had a point?

I think it would be better that you didn't have these companies that could put $20 billion into something and you had 50 startups go after it rather than these giant companies just steal it and overpower them, flooding them with capital. It makes the world less dynamic that Zuck can just, and Google can keep taking the next category from the marketplace. Go ahead, Sax. You had a point?

Yeah. So, I mean, I guess it's a negotiation now. Maybe they put up one or two to be spun out and then the negotiation happens. And who knows, you could have regime change in Washington. Okay, let's keep moving through this incredibly. Juicy Docket, Starbucks CEO, is out after a year and a half of underperformance. Star B's CEO, Laxman Narasim, stepped down after just 16 months on the job.

Yeah. So, I mean, I guess it's a negotiation now. Maybe they put up one or two to be spun out and then the negotiation happens. And who knows, you could have regime change in Washington. Okay, let's keep moving through this incredibly. Juicy Docket, Starbucks CEO, is out after a year and a half of underperformance. Star B's CEO, Laxman Narasim, stepped down after just 16 months on the job.