Jake Howe

We need to grind every nickel from, you know, the supply chain, rent. We have to renegotiate contracts. And then, you know, just to speak on the work ethic issue, this country is in a very significant war about going back to work and work ethic. You mentioned over-employed and the ethics around that, Chamath. And then there's a group of Americans, and I've been studying this a bit,

We need to grind every nickel from, you know, the supply chain, rent. We have to renegotiate contracts. And then, you know, just to speak on the work ethic issue, this country is in a very significant war about going back to work and work ethic. You mentioned over-employed and the ethics around that, Chamath. And then there's a group of Americans, and I've been studying this a bit,

that are opting out of capitalism or hacking capitalism. There's a very interesting movement. It's called FIRE, Financial Independence Retire Early. And if you look at the two subreddits, Overemployed and the FIRE subreddit, young people are saying capitalism is there to be hacked. And my way of hacking it is I'm going to have two jobs.

that are opting out of capitalism or hacking capitalism. There's a very interesting movement. It's called FIRE, Financial Independence Retire Early. And if you look at the two subreddits, Overemployed and the FIRE subreddit, young people are saying capitalism is there to be hacked. And my way of hacking it is I'm going to have two jobs.

And I had a startup come to me and say, we've got this great engineer, literally from Google, who wants to work from us. and he's making 400K, we can get him for a buck 50. And I said, oh, wow, that's great. Why would he do that? Is he independently wealthy? They said, no, he's keeping his job at Google. He says it takes 10, 20 hours a week, and he's going to work 60 hours a week for us.

And I had a startup come to me and say, we've got this great engineer, literally from Google, who wants to work from us. and he's making 400K, we can get him for a buck 50. And I said, oh, wow, that's great. Why would he do that? Is he independently wealthy? They said, no, he's keeping his job at Google. He says it takes 10, 20 hours a week, and he's going to work 60 hours a week for us.

And I said, is that ethical or legal? And they're like, I don't know. That's why we're asking you. These are 20-year-old founders we had backed. And I was like, this is incredibly unethical, and you're going to get us in a lawsuit. Don't do it. But that is what's, you know, the give and take.

And I said, is that ethical or legal? And they're like, I don't know. That's why we're asking you. These are 20-year-old founders we had backed. And I was like, this is incredibly unethical, and you're going to get us in a lawsuit. Don't do it. But that is what's, you know, the give and take.

And if you look at what happened with Dell this past six months, have you been following that, Freeberg, the Dell story?

And if you look at what happened with Dell this past six months, have you been following that, Freeberg, the Dell story?

It's pretty incredible. They told everybody, we're coming back to office. People were like, yeah, I don't want to come back to office. Okay, reasonable. You think you'd do a better job at home? I get it. What they said was, if you want to be work from home, you can't get a promotion and you can't get a salary increase. And you know what employees said? Okay, I don't want an increase.

It's pretty incredible. They told everybody, we're coming back to office. People were like, yeah, I don't want to come back to office. Okay, reasonable. You think you'd do a better job at home? I get it. What they said was, if you want to be work from home, you can't get a promotion and you can't get a salary increase. And you know what employees said? Okay, I don't want an increase.

If my choice is stay at home and have no salary increase, then I don't care about a raise. I don't care about a promotion. Then they said, you know what? We're cutting 12,000 people. You have to come back to office. Jay Penske and his company told everybody to have to come back to office. So

If my choice is stay at home and have no salary increase, then I don't care about a raise. I don't care about a promotion. Then they said, you know what? We're cutting 12,000 people. You have to come back to office. Jay Penske and his company told everybody to have to come back to office. So

Now that you have this era of being fit and you don't need as many people from AI, I think everybody's coming back to the office, unless you are part of the 20% of truly elite workers. Thanks for coming to my TED Talk.

Now that you have this era of being fit and you don't need as many people from AI, I think everybody's coming back to the office, unless you are part of the 20% of truly elite workers. Thanks for coming to my TED Talk.

The technical term for that is collisions. And there's been a lot of research on random collisions. And I agree wholeheartedly with it.

The technical term for that is collisions. And there's been a lot of research on random collisions. And I agree wholeheartedly with it.

And, you know, in fairness, I think a lot of young people have not been mentored because they came up in the COVID generation and we're now four years later and they just haven't had the chance to be mentored or be in an office. And a lot of senior executives and CEOs are not coming to the office. You know, a part of my move to Austin is,

And, you know, in fairness, I think a lot of young people have not been mentored because they came up in the COVID generation and we're now four years later and they just haven't had the chance to be mentored or be in an office. And a lot of senior executives and CEOs are not coming to the office. You know, a part of my move to Austin is,