Jake Paul's Business Partner on Bitcoin, AI & the Next Trillion-Dollar Trade | Geoff Woo
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What is the main topic discussed in this episode?
And then it was also very interesting at a dinner with Sam Altman at OpenAI. And he just mentioned that, like, he came back from Korea. He, like, bought, like, 40% of the world's supply of memory.
And I was like... Like the memory trade. The memory trade is going to be real.
The memory trade that, like, now everyone's seeing, like, people knew about it, like, a year ago, right? And a lot of people made a lot of money doing that trade.
Bang, bang. What's going on, guys? We've got a great conversation with Jeff Wu. He's the managing partner at Anti-Fund, and he's the co-founder of Ketone IQ and Archive. In this conversation, we talk about choke points and information asymmetry. Jeff has built an incredible portfolio of investments, and he unpacks exactly how he does it. We go through a number of different industries, different companies, and different strategies, how people are making so much money right now, and why this huge acceleration of capital and information in the digital age, what you can do at home in order to better understand how to allocate your capital, how to find opportunities, and what technologies are going to end up being the winners and what technologies may end up being the losers.
There's a lot of great information in here. And if you listen closely, I think you'll pick up a ton of alpha. So here's my latest conversation with Jeff Wu. All right, Jeff, it seems like the venture capital and tech community is just assaulting the market, and they're basically just looking like a heat-seeking missile for where are the choke points, and then how do we solve that? And we're seeing this in power generation around AI. We're seeing this in defense. Like, it's just every single industry, it feels like people have identified, find the choke point and destroy the choke point. Where do you think that this is going to be most valuable? Like, is it just all AI stuff, or is this happening elsewhere?
Um... I mean, I wouldn't even say it's just, like, tech people in general. I think tech people index with, like, the highest IQ people. But I think just the smartest people in the world are playing in this game where it's pretty clear that if we buy and believe that we're going to be AGI future, what are the downstream impacts of that, right? So, like, obviously people are bidding up OpenAI Anthropic, and then you go down to NVIDIA and semiconductor chips. And I think it's increasingly valuable and clear that you go down to power, you go down to rare earth minerals. And I think it's like a super fun time to be in the market. Because I think that you can either be in the camp that like AGI is going to replace all our jobs and there's nothing for people to do.
Or it's like, hey, it's super exciting to like play this chess match with the rest of the economy. I think the information is more available than ever, right? Like podcasts like yours, like you're literally getting the smartest people in the world telling their playbooks and their roadmaps and their prognostication of what the future looks like. take that and maybe trade on that or just like do the mosaic theory talk to all the smart people in the world doing all the interesting things on robotics mining stuff doing fusion research making robotics actually happen and just build up a bottoms up universe of what is a choke point what is underpriced I feel like Half the world is just pessimistic and likes to hate.
Right. And I think another half of the world is very optimistic and you want to participate in the game. And I think that expresses politically. I think that expresses socially. I think this expresses culturally. But I think we each as individuals have a choice. Like what kind of person do you want to be? Do you want to be a biased optimist person or a biased, short, skeptical person? I think you can make money both sides. You just got to be really smart and knowing what game and what biases that you have.
In a world where one option is AGI takes everyone's job and we have nothing to do, or, hey, this is actually going to accelerate the world and there's going to be more to do than ever, which bucket are you in?
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–4:20
2
Why are VCs hunting choke points across industries like AI, semiconductors and power?
4:20–19:17
3
Can OpenAI and Anthropic crush specialized AI startups or will vertical players win?
19:17–54:16
4
How does Geoff use AI day-to-day and what is the 'tungsten choke point' for hardware?
54:16–1:05:23
5
How should investors balance public vs private markets to capture emerging tech alpha?
1:05:23–1:18:06
6
What is the power, memory and CapEx trade in AI infrastructure and fusion bets?
1:18:06–1:29:24
Speakers
2 identifiedMore from The Pomp Podcast
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