#AIS: Bestie AMA with Valor's Antonio Gracias

<p>This talk was recorded LIVE at the All-In Summit in Miami and included slides. To watch on YouTube, check out our All-In Summit playlist: <a href="https://bit.ly/aisytplaylist" rel="ugc noopener noreferrer" target="_blank">https://bit.ly/aisytplaylist</a></p> <p>0:00 Antonio Gracias joins to talk: Tesla's early days, investing in Elon, macroeconomic outlook, ROIC, importance of energy independence, future of manufacturing, financial-ization of the P&amp;L & more</p> <p>22:35 Q: How has the poker game influenced your decision making in business and life?</p> <p>29:33 Q: What was the scariest step of becoming a first-time fund manager?</p> <p>32:34 Q: Crypto market unwinding & how it relates to the money supply</p> <p>35:57 Q: Current pre-seed / seed valuations & metrics</p> <p>38:58 Q: When investing in early-stage SaaS companies, how to find outliers?</p> <p>42:11 Q: What would you do if dropped in the middle of Kansas at age 25 with no resources?</p> <p>44:46 Q: Where will the next disruptions in industrial automation come from & how will the US hit economies of scale in semiconductor manufacturing</p> <p>47:02 Q: Any plans for All-In Media?</p> <p>50:02 Q: US strategy in the Russia/Ukraine War</p> <p>54:19 Q: How have your first impressions changed as you've matured in your career, and whose first impressions have stood out to you the most?</p> <p>58:29 Q: Are you interested in crypto micropayments?</p> <p>1:00:55 Q: Biggest mistakes of your career that you've learned the most from?</p> <p>1:09:54 Q: What impact could tech have on political discourse? What does a viable path forward look like?</p> <p>1:15:36 Q: Are remote / distributed startup systems viable coming out of the pandemic?</p> <p>1:19:41 Q: Advice for non-technical people trying to get into the startup world?</p> <p>1:24:44 Q: Thoughts on the potential consumer credit crisis?</p> <p>1:26:17 Lightning round: What problem do you most want to solve right now? All-In consortium? Can SMBs democratize their own labor supply? How to get more investors interested in hardware? Will this be a relatively short recession?</p> <p>Follow the besties:</p> <p><a href="https://twitter.com/chamath">https://twitter.com/chamath</a></p> <p><a href="https://linktr.ee/calacanis">https://linktr.ee/calacanis</a></p> <p><a href="https://twitter.com/DavidSacks">https://twitter.com/DavidSacks</a></p> <p><a href="https://twitter.com/friedberg">https://twitter.com/friedberg</a></p> <p>Follow the pod:</p> <p><a href="https://twitter.com/theallinpod">https://twitter.com/theallinpod</a></p> <p><a href="https://linktr.ee/allinpodcast">https://linktr.ee/allinpodcast</a></p> <p>Intro Music Credit:</p> <p><a href="https://rb.gy/tppkzl">https://rb.gy/tppkzl</a></p> <p><a href="https://twitter.com/yung_spielburg">https://twitter.com/yung_spielburg</a></p> <p>Intro Video Credit:</p> <p><a href="https://twitter.com/TheZachEffect">https://twitter.com/TheZachEffect</a></p>