Palmer Luckey Wants to Be Silicon Valley's War King | The Circuit — Transcript
Full transcript
- 0:00[Music]
- 0:06I'm driving Palmer luy's personal
- 0:07warship and we're all about to
- 0:10die sorry
- 0:15guys so this is a mark 5 Special
- 0:17Operations craft that I purchased from
- 0:19the Navy are you sure I'm not going to
- 0:21flip the boat y you're going to be fine
- 0:24it's the fastest boat that the Navy ever
- 0:25built it was designed specifically for
- 0:28Navy SEAL insertion and extraction
- 0:30missions it runs really fast and it's a
- 0:32lot of
- 0:35fun while this boat may be part of the
- 0:37Old Navy lucky is trying to bring
- 0:39Silicon Valley speed and Innovation back
- 0:42to the Pentagon well some of the United
- 0:44States technology is very bad it's also
- 0:47extremely expensive and not necessarily
- 0:49adapted to the types of conflicts we're
- 0:51going to see in the future the United
- 0:52States has a lot of investment in Legacy
- 0:54weapon systems that are not necessarily
- 0:57having China quaking in their booze
- 1:03he's betting his new age defense company
- 1:05can take a slice of the pentagon's $850
- 1:07billion budget and reinvent how they do
- 1:10business from the outside
- 1:13in that is if they can beat the
- 1:16incumbents and convince the top brass
- 1:18that a billionaire founder sporting
- 1:20Hawaiian shirts is just as serious about
- 1:23rebooting America's Arsenal as they are
- 1:25you're not the typical Silicon Valley
- 1:27founder wearing a black turtleneck nor
- 1:29are you walking around and talking like
- 1:31a buttoned up defense contractor CEO
- 1:33like how does that play I am a little
- 1:35bit of a caricature uh but it's because
- 1:37I just haven't changed it was really
- 1:39easy when we started andall to say
- 1:41conflict is over we're living at the end
- 1:43of History this idea of putting our best
- 1:47brains towards things that can kill
- 1:50people is a waste of talent and a waste
- 1:52of money and unethical and that's not
- 1:55what anyone's saying anymore the war in
- 1:57Ukraine and China's rapid military ation
- 2:00have renewed fears that the US defense
- 2:02industry isn't modernizing fast
- 2:05enough that's brought a controversial
- 2:07handshake between Tech and defense back
- 2:09out in the
- 2:16[Music]
- 2:21open the military has a long and storied
- 2:24history with the tech industry
- 2:29[Music]
- 2:31post World War II billions in defense
- 2:34funding transformed California into
- 2:36Aerospace and Technology boom
- 2:38towns the first company to manufacture
- 2:41microchips that guided missiles
- 2:43satellites and helped Silicon Valley get
- 2:45its name was funded by the
- 2:48Pentagon founders of that very company
- 2:50pioneered modern-day venture capital and
- 2:53helped cultivate a vibrant tech
- 2:56industry today there's a new generation
- 2:58trying to bring back a America's past
- 3:01proven by Palmer luy's collection of
- 3:03unusual Vehicles you sure it still works
- 3:06it should it
- 3:07[Laughter]
- 3:14should
- 3:21yeah so this is a 1967 Disneyland
- 3:24autopia uh designed by Bob gur and Walt
- 3:28Disney as far as I know mine is the only
- 3:30complete autopia that is outside of the
- 3:33parks mine has the original Mechanicals
- 3:36original gear boxes original Wheels the
- 3:39whole deal when I got it though
- 3:44uhoh technical
- 3:48difficulties got a got got a flaad
- 3:51screwdriver oh there we go look at
- 3:55that we got to get
- 3:58moving all right there we go back in
- 4:01back in business so are you sure this is
- 4:03street legal we're on the street aren't
- 4:10we you grew up in Long Beach right not
- 4:14too far from here that's right close to
- 4:16the port and it was a place with a lot
- 4:18of car culture a lot of Aerospace
- 4:21culture a lot of Defense
- 4:27activity I grew up watching the the
- 4:29Marine Corps practice right offshore in
- 4:32their helicopters watching Navy ships do
- 4:35exercises and uh you know get it gets in
- 4:38your brain and it doesn't
- 4:40[Music]
- 4:42leave Southern California unlike a lot
- 4:45of places is a place where almost
- 4:48everybody knows someone who has served
- 4:50in the military or has a family member
- 4:52who served in the military when that's
- 4:54the case because of the density of
- 4:56military population here you don't
- 4:57really have the crazy political ideology
- 5:00that you get in places like the Baran
- 5:02but when I started andril of course it
- 5:05was a totally different world uh defense
- 5:07was not cool and it was definitely not
- 5:09the hottest
- 5:15thing before launching andil lucky
- 5:18worked on virtual reality headsets in
- 5:20his parents garage by age 18 he had a
- 5:23prototype that kickstarted the modern VR
- 5:26movement and caught the world's
- 5:27attention including mark Zuckerberg
- 5:30Zuckerberg bought Oculus for $2 billion
- 5:34lucky was later ousted the thing is I'm
- 5:37I'm actually not nearly as political of
- 5:39a person as people think I am I mean
- 5:41people think you got kicked out of
- 5:42Silicon Valley yeah I got kicked out of
- 5:43Silicon Valley because I made a $99,000
- 5:45political donation the reason that
- 5:47people pay attention to it at the end of
- 5:49the day is because it's novel for a
- 5:51person in Tech to have supported the
- 5:53person who became president that year to
- 5:56be clear he means this guy meta disputes
- 6:00that lucky was fired for his political
- 6:01views but whatever the reason the result
- 6:04was a rift between lucky and the valley
- 6:07so he turned his attention to defense
- 6:09and set up shop in Southern
- 6:12California this my extraordinarily tall
- 6:16door the house was built in the 1980s
- 6:19and I've kept all the bones the same I
- 6:20think it's a pretty cool place has some
- 6:22good Miami Vice
- 6:24Vibes I've got my my 2-in uh teal shag
- 6:28carpet this is my fish tank it's about a
- 6:306,500 gallon
- 6:33aquarium this looks like a Dungeons and
- 6:36Dragons table oh no this is just my
- 6:38coffee table although it does have a map
- 6:40of our Dungeons and Dragons campaign
- 6:42what kind of character are you in
- 6:43Dungeons and Dragons I aan chaotic
- 6:45neutral wizard uh named nrim 5 he's from
- 6:49the Lost Nation of Atlantis how much
- 6:52success have you had with that pretty
- 6:54limited so far pretty limited so
- 6:57far I know you're a big gamer what are
- 7:00the connections between navigating a
- 7:01virtual Battlefield and a real
- 7:03Battlefield probably the the main
- 7:05similari is are some of the technology
- 7:06that we're applying to things like heads
- 7:09up displays and augmented reality for
- 7:11for soldiers and Airmen to allow them to
- 7:13see where the danger on the battlefield
- 7:16is it's also worth noting that really
- 7:18virtual reality came out of military
- 7:20research in the first place and the
- 7:22games industry and the military
- 7:23industrial complex have always shared
- 7:25kind of back and forth
- 7:26[Music]
- 7:30how'd you get interested in defense
- 7:32technology I briefly was able to work as
- 7:35a lab technician on an army project
- 7:38called Brave mind that it was treating
- 7:41veterans with PTSD using virtual reality
- 7:43exposure therapy and that was actually
- 7:44before I started Oculus I kept in touch
- 7:46with a lot of friends in the defense
- 7:47industry and what I heard over and over
- 7:48again is that it was broken the
- 7:50incentives were wrong they were being
- 7:51punished for doing the right thing
- 7:53rewarded for doing the wrong thing they
- 7:55made more money when they were over
- 7:56budget and uh that really got me worried
- 7:59especially in a world where we were
- 8:00running a new experiment as a country an
- 8:02experiment where for the first time in
- 8:04American history tech companies were not
- 8:06working with
- 8:08[Music]
- 8:10dood the relationship between Silicon
- 8:13Valley and Washington splintered after
- 8:15the Cold War top talent caught the do
- 8:18wave ditching government jobs in
- 8:20windowless rooms for positions at shiny
- 8:23Tech firms everybody used to work on
- 8:25Capitol Hill or the government for the
- 8:27military now everybody works for an
- 8:28internet St up the defense industry
- 8:31Consolidated power around five big
- 8:33primes to supply the military's hardware
- 8:36and software it's a large complex
- 8:38oligopoly with a strict chain of command
- 8:41that filters ideas through layers upon
- 8:43layers upon layers of
- 8:45bureaucracy for Tech startups looking to
- 8:48get a piece of the action welcome to the
- 8:50Valley of Death the government tries to
- 8:53nurture new ideas but the amount of time
- 8:55it takes to go from prototype to
- 8:57adoption puts most startups in the
- 8:59defense Market graveyard it seemed
- 9:02impossible for Outsiders to compete
- 9:04until SpaceX and paler sued the
- 9:06government claiming the bidding system
- 9:08unfairly favored the incumbents paler
- 9:11co-founder Peter Teal's Venture firm was
- 9:13the first to invest in andero it's no
- 9:15coincidence that the only two companies
- 9:17to break through in the last 35 years
- 9:20since the winding down of the Cold War
- 9:21really uh were both founded by
- 9:23billionaires it's it's it's unfortunate
- 9:26but it reflects the reality that we've
- 9:27created where this muscle we used to
- 9:29have as a country of turning small
- 9:31innovated defense companies into large
- 9:34scale providers of weapons uh we we lost
- 9:37it and the only way to bypass that was
- 9:39to already have made billions of dollars
- 9:41somewhere else as a as a country we need
- 9:43to do
- 9:45[Music]
- 9:50better so this is the old LA Times
- 9:53Printing plant it was the old LA Times
- 9:55Printing Press I started Oculus in
- 9:58Orange County and it was a place where I
- 10:01could hire people from all over the
- 10:02country when I moved up to the Bay Area
- 10:05it actually became a lot harder to hire
- 10:06people who weren't already in the Bay
- 10:07Area but this is a place where you can
- 10:10build great companies that draw from all
- 10:12of America not just from that one tight
- 10:15little isolated bubble well I was
- 10:17actually wondering is it is it is it
- 10:19hard to poach people from sort of big
- 10:21tech companies oh no no the way that you
- 10:23poach people from Big tech companies is
- 10:24to tell them that their career is
- 10:26meaningless and that they're wasting
- 10:28their lives on something that doesn't
- 10:29matter a decent trick of people when you
- 10:32can kind of shock them out of the Matrix
- 10:33being what are you doing with your life
- 10:35there's big problems in the world and
- 10:37you're not part of solving them that's
- 10:39been behind a lot of the people who
- 10:40leave big tech companies come to work at
- 10:46andil anderl has been clear from the
- 10:49get-go to come here is to build weapons
- 10:51and surveillance
- 10:53systems they started with this tall
- 10:56autonomous security tower that sits on
- 10:58borders in the US and abroad launched in
- 11:00the early days of the Trump
- 11:03presidency they've expanded their
- 11:05Arsenal to autonomous submarines counter
- 11:07drones and other robots that are cheaper
- 11:09to build with menacing
- 11:12names this is a halfs scale model of
- 11:14Fury which is an autonomous fighter jet
- 11:18that we're
- 11:19building this is wisp this is scanning
- 11:23infrared imager that's able to detect
- 11:25aircraft by building a 360° sphere that
- 11:28it integrates as
- 11:30scams and uh this is an electronic
- 11:32warfare system it can jam and hack and
- 11:36make sure that you're able to talk and
- 11:38the other guy isn't in a whole bunch of
- 11:40really powerful
- 11:42ways you're trying to run a defense tech
- 11:44company like a startup how does that
- 11:47compare to like lockie Martin and Boeing
- 11:50and how do you get Washington to accept
- 11:52that most new R&D is down on a Cost Plus
- 11:55basis meaning the contractor gets paid
- 11:56for their time their materials and then
- 11:58a fixed percentage of profit on top of
- 12:00course that incentivizes you to come up
- 12:03with expensive Solutions and to drag it
- 12:05out as long as as long as you can andal
- 12:08we're the opposite because we're a
- 12:09defense Products company that makes
- 12:11things that work and sell them rather
- 12:13than getting paid to do work uh it means
- 12:17that when we do something faster it
- 12:18helps our profit
- 12:22margins You're Building Products that
- 12:24the government doesn't even know it
- 12:25needs yet right very often it's pretty
- 12:28rare that we work on something that is
- 12:30consensus in the government where
- 12:32there's widespread belief that what
- 12:33we're doing is the right solution to the
- 12:35problem often we're building things that
- 12:36they've written off as not feasible or
- 12:39not viable there was a lot of skepticism
- 12:42about applying artificial intelligence
- 12:44to defense a lot of skeptic about
- 12:45artificial intelligence in general chat
- 12:47GPT was one of the most helpful
- 12:49Technologies to us because it helped
- 12:51convince people that AI can do things
- 12:53they didn't believe computers could
- 12:56do are we getting to a point where
- 12:59battles could be fought by Ai and
- 13:00counter AI only we're not going to have
- 13:03systems that are acting entirely on
- 13:04their own without human Direction but
- 13:07will we see dog fights between AI
- 13:09fighter jets that don't have people in
- 13:10them yes absolutely in fact in Ukraine
- 13:12there's been a variety of engagements
- 13:14where you had uh unmanned systems
- 13:16destroying other unmanned systems it
- 13:18seems like what's happening in Ukraine
- 13:20has marked a shift in in Warfare
- 13:23strategy what's happening in Ukraine is
- 13:25is fascinating because they can't afford
- 13:28to treat Warfare as a thing to be think
- 13:32tanked or as a thing to be debated in
- 13:35white
- 13:36papers they have to actually win today
- 13:39and that means that a lot of barriers to
- 13:41trying new ideas have been lifted and
- 13:43that's one of the reasons you've seen
- 13:44for example the proliferation of small
- 13:46unmanned armed quadcopters it's why
- 13:48you've seen the proliferation of a lot
- 13:49of really interesting counterd drone
- 13:51systems things that were not nearly
- 13:53mature enough to be deployed let's say
- 13:55by the United States uh but they are
- 13:57willing to deploy them in a very early
- 13:58stage maturity because they know they
- 14:01can't win doing things the old
- 14:04[Music]
- 14:06way the old way meant having the biggest
- 14:09most expensive weapon on the
- 14:11battlefield now it's about having a
- 14:13swarm of commercial technology available
- 14:15quickly and
- 14:17cheaply to that end the Pentagon
- 14:19recently announced the replicator
- 14:21program to FastTrack thousands of
- 14:23lowcost autonomous drones startups and
- 14:26Venture capitalists who historically
- 14:28shunned military work declared it's time
- 14:30to build to get in on the action the old
- 14:33school way of working through five six
- 14:35large primes and developing technology
- 14:38just doesn't work you have to work with
- 14:39the private sector to bring new
- 14:41technologies in big Tech firms have had
- 14:44more long-term success offering Hardware
- 14:46Ai and cloud services in exchange for
- 14:49billion dooll deals but there's been
- 14:51friction on the tech company side from
- 14:54Engineers who don't want anything to do
- 14:55with the military some tech employees
- 14:58have pushed back on working with the US
- 14:59government and the US military do you
- 15:01see where they're coming from
- 15:03fundamentally I think it's an emotional
- 15:04thing they came to a company to work on
- 15:06consumer Tech they weren't told that
- 15:08their work would be used for potentially
- 15:12violence and they don't like that and I
- 15:14I I empathize with that because to them
- 15:16it feels like a little bit of a bait and
- 15:21switch critics see the technology You're
- 15:23Building worry it could be misused on
- 15:25American citizens for example are they
- 15:27right to worry oh of course anything can
- 15:29be misused but like if you want to point
- 15:31to things that can be misused against
- 15:33American citizens I mean the military
- 15:34has a lot of guns the military has a lot
- 15:37of aircraft you have to have trust in
- 15:40the system you have to believe that
- 15:43democracy works and you have to believe
- 15:45that the right way to control these is
- 15:47on the policy side there are actually
- 15:49things I would like to build that the
- 15:50dod would not use and would not deploy
- 15:52that they do think are beyond the pale
- 15:54and that's the way that it should be US
- 15:56foreign policy and military policy
- 15:57shouldn't be in the hands corporate
- 16:02Executives the heart of ander's
- 16:04Technology isn't its Hardware but it's
- 16:09software Engineers here have developed a
- 16:12proprietary AI driven system called
- 16:14lattice that acts like an intelligent
- 16:16control center for the company's
- 16:17Hardware lce is our AI system for
- 16:21controlling distributed robots we're
- 16:23doing processing and computer vision
- 16:24machine learning on that data and
- 16:26producing an operating picture of the
- 16:28world so we understand the chessboard so
- 16:31to speak and then the autonomy can apply
- 16:34those very logical decisions about what
- 16:37to do and move forward and act so walk
- 16:39me through the process from
- 16:42identification to decision or decisions
- 16:44so we've got a manned crew that's going
- 16:46to try and fly in and land somewhere
- 16:48they have some Mission they need to do
- 16:49on the ground but there's threats that
- 16:51are unknown so we're going to send the
- 16:53autonomous systems forward they're going
- 16:55to try and draw out any enemy fire and
- 16:58with the autonomous systems you're okay
- 17:00if they if they die you're okay if they
- 17:02get taken out because that tells you
- 17:04more information about the the
- 17:06battlefield so that you can make
- 17:07informed decisions interesting but
- 17:08there's still a long way to go still a
- 17:10lot to build y there's the old saying
- 17:13Hardware is hard the United States used
- 17:15to be able to build things that would
- 17:17fly twice as fast as our adversaries and
- 17:19we'd be twice as fast for a decade those
- 17:22days are gone Hardware advantages like
- 17:24that are going to be quickly copied by
- 17:25our adversaries so a lot of the most
- 17:27durable advantages we build for example
- 17:30using software to make decisions twice
- 17:32as fast or 10 times as fast is a is a
- 17:34capability that I don't think our
- 17:35adversaries are close to to
- 17:38copying Lattis is just one example of
- 17:41the military's increasing use of
- 17:45AI the Pentagon has been developing
- 17:47project Maven an AI system that analyzes
- 17:50images from military drones and helps
- 17:52suggest targets Google initially won
- 17:55this contract in 2018 but backed out
- 17:57after thousands of work workers
- 17:59protested the deal paler Amazon
- 18:02Microsoft and anderl are currently among
- 18:04the main
- 18:05contributors Maven is now deployed but
- 18:08there are still open questions about
- 18:10ai's combat Readiness at the end of the
- 18:12day you just have to be correct and
- 18:14you're doing it from
- 18:16afar and so uh yes I would still submit
- 18:19that that is one of the toughest things
- 18:21that my organizations have encountered
- 18:23is that idea of distinguishing enemy
- 18:26from non-enemy or combatant from
- 18:27non-combatant and the scale of it is
- 18:31impressive there are concerns that AI
- 18:33could deepen the fog of War what do you
- 18:35think about that no I I super I super
- 18:37disagree I think AI is going to be a
- 18:39tool to put all the cards on the table
- 18:41for everyone my hope is that you're
- 18:43going to have dictators who make better
- 18:45decisions because even they have better
- 18:47information from AI let's use Putin as
- 18:49an example I don't think he would have
- 18:51launched this invasion in Ukraine if he
- 18:54would have understood what was actually
- 18:56going to happen remember they believe
- 18:57this is like a 3 days Special Operation
- 18:59they were going to roll in it was going
- 19:01to be over very very quickly if he had
- 19:03had a better understanding of what he
- 19:05had and what they had I think he
- 19:06probably would not have made the
- 19:08play there are a lot of thorny ethical
- 19:11questions we're talking about a possible
- 19:13future of self-guided bombs and Killer
- 19:15Robots who is liable when a human isn't
- 19:18in the loop the key is that a person is
- 19:21responsible for the deployment of those
- 19:22systems the existence of an algorithm
- 19:25cannot replace human responsibility for
- 19:28deploying that weapon system and it has
- 19:30to be a person who deeply understands
- 19:32the limitations of that system and who's
- 19:34going to be held to account when it goes
- 19:36wrong but or as hell and it's not going
- 19:37to be perfect there will be people who
- 19:40are killed by AI who should not have
- 19:42been killed that is a a certainty if
- 19:46artificial intelligence becomes a core
- 19:47part of the way that we fight Wars we
- 19:49need to make sure that people remain
- 19:51accountable for that because that's the
- 19:52only thing that'll drive us to better
- 19:54Solutions and fewer inadvertent deaths
- 19:57fewer civilian casualties I don't want
- 19:59AI to do these things but a lot of times
- 20:01the existing Technologies are much
- 20:07worse China and Taiwan how does this
- 20:10play out it can play out in a lot of
- 20:11different ways everything that Andel is
- 20:14working on on the R&D side is oriented
- 20:17towards that fight right now China
- 20:20believes that they can take Taiwan they
- 20:22believe that the United States is some
- 20:24combination of won't stop them isn't
- 20:26willing to stop them won't win if we do
- 20:28try to stop them they believe Taiwan is
- 20:30in a similar position with their own
- 20:32military we have to change their minds
- 20:34I'm probably going to eat these words
- 20:36but if China ends up invading Taiwan I'm
- 20:39going to feel like we've really failed
- 20:41in our
- 20:43[Music]
- 20:45mission you actually spent a lot of time
- 20:47in China working on Oculus headsets what
- 20:50do you know about China's capabilities
- 20:52in AI what don't you know I spent time
- 20:55in China back in the Oculus days because
- 20:57that's where we did our Manufacturing
- 20:58and we didn't really have a
- 21:01choice I deeply understand how dependent
- 21:05our country has become on Chinese
- 21:07manufacturing Chinese engineering
- 21:09Chinese supply chain materials it's
- 21:11really extraordinary how they've pulled
- 21:14themselves up from almost nothing to
- 21:16being an economic superpower and we did
- 21:18this too we're the ones that gave him
- 21:20the blueprints we're the ones that gave
- 21:22them the tech we're the ones that
- 21:24shipped it all overseas and I'm part of
- 21:25the problem I'm one of the guys who did
- 21:26it what a do you worry that China is
- 21:30outpacing the US on technological
- 21:33innovation like could the US military
- 21:37lose it its Edge to China well depending
- 21:39on who you ask China has between 50
- 21:43times and 300 times the military ship
- 21:46building capacity of the United States
- 21:48this is a huge problem especially if
- 21:50you're fighting a war where you lose all
- 21:51your ships and it takes you decades to
- 21:53rebuild they lose all their ships and
- 21:56they rebuild the same year this is
- 21:58really inarguably an area where China
- 22:00has outpaced the United States now they
- 22:02haven't outpaced us everywhere but in a
- 22:04lot of the areas that matter for a fight
- 22:07in the Pacific they are kicking our ass
- 22:09and the United States is not going to be
- 22:11able to win by following the same
- 22:14strategy they do we're not going to be
- 22:15able to build enough shipyards and train
- 22:18enough welders to build 300 times more
- 22:20ships that's off the table so we have to
- 22:22win with our brains despite all its
- 22:24Innovation andal and other defense Tech
- 22:27startups are still bit players in the
- 22:29world of military
- 22:30suppliers Venture capitalists plowed in
- 22:33a hundred billion doll between 2021 and
- 22:362023 but only a handful of companies
- 22:39have won meaningful
- 22:40[Music]
- 22:42contracts right now andal is very much
- 22:44in a high- growth stage we've done a lot
- 22:45of things that I'm very very proud of
- 22:47but I'm very aware of the fact that we
- 22:49are not a profitable business we are
- 22:53living on borrowed time and so I I I
- 22:56it's hard for me to come and feel like
- 22:57I've made it when I know that you know
- 23:00anyone can raise money from VCS buy a
- 23:02really big office and fill it full of
- 23:05people the question is are those people
- 23:07building the right things and will those
- 23:08things pay
- 23:14off it's not your average Newport Beach
- 23:16Boat no it's not is it most of my
- 23:19neighbors like it and a handful hate it
- 23:22but that's good enough we've got a mock
- 23:25M2 heavy barrel 50bmg machine gun have
- 23:28real ones that I can that I can throw on
- 23:30but I I I keep I keep the fake ones on
- 23:32most of the time one of the other cool
- 23:34features of the boat is these shock
- 23:37mounted seats you'll notice they bounce
- 23:40up and down so we're going to go below
- 23:42deck into the Navigator's
- 23:44room this is also where we run all of
- 23:46our Communications gear processing gear
- 23:48computer gear radio gear you've got all
- 23:50of your rifle racks here so that you can
- 23:52rack them
- 23:54up so these are twin MTU engines the
- 23:58boat's got a little over 5,000
- 24:00horsepower this whole thing is basically
- 24:03a big giant jet
- 24:06[Music]
- 24:10ski so what else do you have in your
- 24:12personal Arsenal oh I got a whole bunch
- 24:14of stuff got a uh60 Blackhawk 1985 X
- 24:18Marine Corp hanvey how many helicopters
- 24:21I used to have seven but I only have six
- 24:23now I do hear that you have a vault
- 24:26where you have every video game
- 24:29ever created a while ago I purchased the
- 24:31world's largest video game collection
- 24:33and I I also collect US Air Force
- 24:35nuclear missile bases so I put that in
- 24:37one of my missile bases 200 ft
- 24:39underground where's that oh I can't tell
- 24:43[Music]
- 24:48you all
- 24:50right we're going to do some turns
- 24:53everybody hold on
- 24:57[Music]
- 25:03all right what was that that was one of
- 25:05our own weeks but we're going to go find
- 25:06one of the other ones hold
- 25:11[Music]
- 25:16on you want to try steering I'm good all
- 25:20right we'll bring us down to
- 25:25zero so as we accelerate uh you're going
- 25:28to hear first the first turbocharger
- 25:30kicked in and then after we get at about
- 25:3120 knots you're going to hear the second
- 25:34turbocharger kick in and that's when the
- 25:35engine changes
- 25:41pitch I try a starboard turn you're
- 25:43going to move your stick over to the
- 25:44right and then watch your positions
- 25:47here I'm turning a
- 25:50warship when I say Center Center center
- 25:53now there you
- 25:55go we're going fast like the the beach
- 25:59is approaching all right we're going to
- 26:01do a a little bit of a fast stop you're
- 26:03going to pull on the throttle just pull
- 26:05pull keep going give it here we go all
- 26:07right leave it
- 26:10there there you go oh my
- 26:14God so am I hired
- 26:19no you started endural in 2017 and
- 26:22you've lived through Silicon Valley in
- 26:24the era of zerp and easy money sure what
- 26:27do you think about the frenzy the zero
- 26:30interest rate phenomenon yeah there's a
- 26:32lot of companies that shouldn't have
- 26:33existed they never should have been
- 26:34funded all that money went to paying
- 26:36people to do things that were a waste of
- 26:38time I know lots of young Founders who
- 26:41were working on crypto art nonsense and
- 26:46a fifth delivery app or a 10th delivery
- 26:48app and now that money has become harder
- 26:50to come by you know what they're working
- 26:51on they're working on energy they're
- 26:53working on National Security they're
- 26:54working on transportation and uh I I
- 26:57think that I I see people working on
- 26:59real problems because the market forced
- 27:02them to and that's a good thing in my
- 27:04opinion so it's time to build it's time
- 27:06to
- 27:11built the war in Ukraine it's been 2
- 27:14years now how are we going to look back
- 27:16on it well I think that we're going to
- 27:18look back on it as one of the best
- 27:21examples of the hubis of the modern era
- 27:24thinking that we lived at the end of
- 27:25History the end of conflict the large
- 27:27scale War was a thing of the past that
- 27:29artillery is irrelevant that Manpower is
- 27:31irrelevant that sternly worded letters
- 27:33from the United Nations mean anything at
- 27:35all to expansionist dictators like Putin
- 27:38or X that's I think going to be the
- 27:40legacy of this
- 27:42fight is the US government working fast
- 27:45enough to like Foster the agility we
- 27:47need to to survive or win Global
- 27:49conflicts it depends on what kinds of
- 27:51fights we fight hopefully we have enough
- 27:53time uh we might not why not well let's
- 27:56say that China starts making moves on
- 27:59Taiwan and moves on other countries in
- 28:01the next 24 months I think we're going
- 28:04to be in
- 28:06trouble I think in 36 months 48 months
- 28:09we're actually still kind of in trouble
- 28:10if it takes long enough I think that the
- 28:12United States military has recognized
- 28:14the problem uh but you know like you're
- 28:15steering this boat when you turned how
- 28:18long did it take for the boat to respond
- 28:20a while it was a bit of a lag time the
- 28:22US military is the same way it's a large
- 28:24machine it takes a long time to move
- 28:26even once you've applied the control
- 28:29even if once you've applied the input I
- 28:30think that's the phase we're in the
- 28:32government has realized the problem
- 28:33they've applied the input we're waiting
- 28:35for the system to adjust
- 28:46[Music]
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