Bill Gurley: Searching for Feynman

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All-In with Chamath, Jason, Sacks & Friedberg 38 min 1 speaker 6 chapters transcribed
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Who is Bill Gurley and what is the focus of his “Searching for Feynman” presentation?

Unknown 0:00
Silicon Valley royalty, legendary investor, Bill Gurley. Track record's incredible. The legend who backed Uber and Zillow, who's lived through every major tech cycle for over 25 years. You're not just a commentator, right? You've been an operator. I'd
Bill Gurley 0:15
love to unlock this latent human potential. There's been no time in the history of the world where you can learn faster. You can increase your surface area for luck. I'm not a big fan of these dystopian narratives. The thing to do right now is to run as fast as you can. Please welcome Bill Gurley.
Bill Gurley 0:45
Good to be here again. Three years ago, I gave a talk on regulatory capture, and this group was quite kind in how they reacted and how that video was promoted. And I'm very happy we got that word out into the public discourse. Obviously, today you hear it quite a bit. I have a different topic I'm going to talk to you about today. I'm not going to talk about AI. It's a serious topic, and so there might not be as many fun joke parts in it. But it's something that's been weighing on my mind for the past five or six years. And I'm thankful that the team here allowed me to come to talk to you about it. And I'm hopeful that we can have an impact by getting the word out on this as well. I'm gonna start by talking to you about some catastrophes that have happened in the world and how humans normally respond to them.
Bill Gurley 1:36
This is the Chamberlain Towers in Surfside, Florida. You may remember in June of 2021, when the building suddenly collapsed, 98 people died. What happened? There were design errors from the very beginning. There was poor maintenance schedule. And then the board of the condominium did not listen to an inspection report that said they needed to take care of this. Three different things. That's kind of the institutional failure. The technical failure was different, and you can see it here. This is a New York Times article. Hopefully they can push play so you can see. It's a 3D article. If they can't make it play, you'll have to watch it on your own. Here we go. But the reason I want you to see this isn't to talk about the details of exactly how this collapsed.
Bill Gurley 2:23
It turned out the pool deck was exposed to saltwater air. It corroded. The pool deck collapsed into the basement, which took out the structural columns, and the building came down. But what I want you to take away from this is the New York Times and its investigative team had excruciating detail about how this happened, which comes from doing primary investigative work. There were four other parallel investigations that happened. The NIST is the National Institute of Standards and Technology. After 9-11, they were assigned as a federal agency to go investigate what happens in a building collapse. These two individuals, Matrini-Reisner and Bell, would spend five years on this. Alan Kilshimer is the wolf of building collapses.
Bill Gurley 3:10
He's who you call when you want to figure out what happened. The town of Surfside hired him. Judge Randall would convene a grand jury in the state of Florida to investigate this, and there were 17 victim lawsuits which got put under a single class. Tropin was the litigant, and Hodgman was the judge that did that. All of these different groups were doing investigations on their own, sometimes running into each other, sometimes helping each other out, but all trying to get at what caused the failure. One particularly heroic group was the Miami Herald. They had just gone through bankruptcy. They had a new executive editor named Monica Richardson, but they went after this hard. The beat reporter, Alan Leibowitz, was on the scene within two hours.
Bill Gurley 3:55
Sara Blaski would lead an investigative team. They would eventually find Dawn Lehman, who was a professor at the University of Washington. She would join the team. They would staff up to 37 people on this. They have a 3D model that's equally impressive to the New York Times one. And they would deservedly win a Pulitzer Prize for the work that they did. When they won it, Monica Richardson, the executive editor, who also won an award for executive editor of the year from her peers, said, we will continue to investigate the collapse to find answers to how this happened to ensure a tragedy like this never happens again.

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