Jason Calacanis

You had all this pent up demand, people trying to buy the shares like crazy.

They were all doing backdoor kind of shady stuff, popping up SPVs.

They were all doing backdoor kind of shady stuff, popping up SPVs.

I don't know if you've been following the SPV market now, but there's like, it's turned into a boiler room.

I don't know if you've been following the SPV market now, but there's like, it's turned into a boiler room.

It's no longer Chris Saka representing Twitter and doing an orderly thing or-

It's no longer Chris Saka representing Twitter and doing an orderly thing or-

Elon doing every six months an orderly thing where SpaceX keeps control of it.

Elon doing every six months an orderly thing where SpaceX keeps control of it.

Now people are going out raising money from dentists and civilians, high net worth individuals to buy SpaceX or Android or whatever it is.

Now people are going out raising money from dentists and civilians, high net worth individuals to buy SpaceX or Android or whatever it is.

And then they go try to find the shares and they charge them 10% load in fee, no carry.

And then they go try to find the shares and they charge them 10% load in fee, no carry.

I mean, think about how crazy that is.

I mean, think about how crazy that is.

Oh, yeah.

Oh, yeah.

Airbnb, Uber, they all had, like, a five-year contract.

Airbnb, Uber, they all had, like, a five-year contract.

indigestion period, I would say.