Not Investment Advice

OpenClaw, Chinese Robot, Private Credit, Lucid

Follow the Hosts: Eric: https://www.linkedin.com/in/ericbahn/ Ian: https://www.linkedin.com/in/park-ian/ Kevin: https://www.linkedin.com/in/jiangkevinChapters* 00:00 Introduction and Catching Up* 21:50 The Advancement of Chinese Robotics and AI* 27:20 Robinhood's Entry into Private Credit* 33:27 Private Credit Market* 40:28 Lucid Motors and EV Industry* 47:12 Venture Capital and Accelerators* 58:13 Social Media and Addiction

Elon Is Jealous, OpenAI Is Desperate, Next Michigan, and Benchmark Lost Its Mind

Follow the Hosts: Eric: https://www.linkedin.com/in/ericbahn/ Ian: https://www.linkedin.com/in/park-ian/ Kevin: https://www.linkedin.com/in/jiangkevin00:00 The Exhausting Pace of Silicon Valley News02:54 Anthropic's Rise and Competition with OpenAI05:49 The Twitter Culture and Its Impact on AI Leaders08:40 The Introduction of Ads in AI Models11:50 The Future of AI: Local Models and Customization17:47 Kakao's Discounted ChatGPT and Market Dynamics22:25 Brian Johnson's Immortality Program: A Cult or a Trend?29:25 The Cult of Longevity33:10 Cerebras vs Nvidia: The AI Chip Showdown43:07 The SPV Dilemma in Venture Capital45:12 AI and the Future of Work: A Cautionary Tale

Musk’s Crumbling Empire, SaaS Apocalypse, Sam Altman Got Played | 3 VCs React

Follow the Hosts: Eric: https://www.linkedin.com/in/ericbahn/ Ian: https://www.linkedin.com/in/park-ian/ Kevin: https://www.linkedin.com/in/jiangkevin00:00 Super Bowl Predictions and Initial Thoughts 00:58 The SaaS Apocalypse: Market Reactions 05:59 The Future of SaaS Pricing Models 08:40 Elon Musk's Consolidation of Assets 12:07 The Anthropic vs. OpenAI Ad War 18:23 Waymo's Expansion and the Future of Autonomous Vehicles 25:51 The Future of Car Ownership 29:25 Humanoid Robots: Promise and Challenges 35:53 The Rise of Stablecoins in Startups 39:37 Rethinking Revenue Metrics in Startups

SpaceX & XAi, Clawdbot, Claude Cowork, Future of Work

EP 7 : SpaceX & XAi, Clawdbot, Claude Cowork, Future of WorkChapters* 00:00 Tech Market Volatility* 05:27 Impact of Automated Excel on Finance* 11:03 Tesla's Business Strategy and SpaceX Merger* 26:29 Voice Interfaces and AI in Technology* 33:32 Literacy Challenges and Reduced Reading* 40:57 AI Bots and Their Impact on SocietyFollow the Hosts:Eric: https://x.com/ericbahn?lang=enIan: https://ianpark.vc/Kevin: https://www.linkedin.com/in/jiangkevin/

Brex, Mega funds, OpenAI and Anthropic Valuation

Chapters- 00:00 Early Morning Podcast- 05:10 Comparing Brex and Ramp- 12:10 OpenAI and Trillion-Dollar Valuations- 18:46 Anthropic and Valuation Trends- 24:09 Funding Frenzy in the Tech Industry- 35:36 Strategies of Tech GiantsFollow the Hosts:Eric: https://x.com/ericbahn?lang=enIan: https://ianpark.vc/Kevin: @jiangkevin

2026 Mega IPOs & AGI Hype, Sam Altman’s BCI Bet, Meta Buys Manus

In this New Year 2026 episode, Eric, Kevin, and Ian kick off the season with a wide‑ranging conversation on Sam Altman’s circular investing and OpenAI conflicts, Google Gemini’s “personal intelligence,” on‑device AI and voice interfaces, Meta’s acquisition of Manis, and whether 2026 will be the year of mega IPOs and overhyped “AGI” claims. [00:00]Intro: CES, Koreans in Vegas, and networking vs. real tech [02:00]Sam Altman’s BCI startup & OpenAI conflict of interest [09:30]Circular investing, mega‑founder “camps,” and normalization of conflicts [15:30] Google Gemini “personal intelligence” and privacy backlash [21:30] Security gap and need for stronger authentication [24:30]Apple, Gemini on iPhone, and the “fast follower” strategy [29:30]Whisper Notes, on‑device AI, and voice interfaces [34:30] Meta acquires Manus: agents, geopolitics, and China–US tension [40:00] Why sell a hot AI agent startup for “only” ~$2B? [44:30] 2026 “Mega IPO” year? SpaceX, OpenAI, Anthropic & Databricks [50:30]Staying private vs. going public, and VC fund incentives [55:30] Inflection/“Mira” drama and the risks of team‑only mega rounds [1:02:00] Sequoia’s “AGI year” essay and hype frustration [1:08:00]What they’re excited about in 2026 & sign‑off 🔑 Key Takeaways Sam Altman & conflicts: OpenAI’s investment into Sam’s own BCI startup symbolizes how mega‑founders can blur governance lines, echoing SoftBank‑style circular deals and normalizing significant conflicts of interest. Personal AI vs. privacy: Gemini’s deep integration across Google products shows how powerful “personal intelligence” can be, but also why security, opt‑in design, and cultural attitudes to privacy will determine mainstream adoption. On‑device AI & agents: Cheap, small models (e.g., Whisper Notes) plus voice interfaces point toward a future where on‑device agents hold your private context and act autonomously on your behalf across work and life. Geopolitics & AI talent: Meta’s Manus deal illustrates how Chinese founders are moving to places like Singapore to access U.S. capital and exit markets amid a tightening China–US tech divide. IPOs, mega‑funds & AGI hype: 2026 could see marquee AI IPOs pushed by mega‑VC liquidity needs, even as many AI companies remain unprofitable and public investors remain cautious; alongside this, AGI rhetoric is increasingly seen as marketing rather than a meaningful technical milestone. Disclaimer: This content is for entertainment purposes only and does not constitute investment advice.

K-Beauty Boom, OpenAI invests in Thrive, Form factor for AI, Sachs vs. NYT

(01:00) K-Beauty Boom, (12:55) OpenAI invests in Thrive, (24:52) New form factor for AI (Zuck’s New Bet)(36:55) Sachs vs NYTFollow the Hosts:Eric: https://x.com/ericbahn?lang=enIan: https://ianpark.vc/Kevin: https://www.linkedin.com/in/jiangkevin/

Nvidia earnings, The Private Credit bubble, Gemini 3 & The ”ARR” lie

In this pre-Thanksgiving episode, Eric, Kevin, and Ian break down Nvidia's earnings, the looming Private Credit bubble, and why Google’s Gemini 3 might finally win the AI race. They also debate Cursor’s $2.3B valuation, expose the misuse of "ARR" metrics by startups, and discuss the internal turmoil at Sequoia Capital.00:00 - Intro: VC hibernation mode 01:26 - Nvidia Earnings & AI Bubble anxiety 03:53 - The Private Credit Bubble explained 08:49 - Gemini 3: Why Google will win 14:00 - Excel vs. Google Sheets debate 18:40 - Cursor’s $2.3B valuation & multiples 23:45 - The AI Retention problem 26:10 - The "ARR" Lie: Why metrics are misleading 31:27 - GenSpark & VCs chasing hype 35:11 - Sequoia Capital: Turnover & missed deals 39:09 - Why VCs are behind on tech 42:56 - Mega Funds vs. Emerging Managers 45:34 - Outro🔑 Key TakeawaysPrivate Credit Risks: Lack of diligence is creating a "subprime" risk in corporate debt.Google's Advantage: Vertical integration (Chips + Cloud + Apps) gives Gemini the long-term edge.Metric Manipulation: Investors need to look past "ARR" (Annualized Revenue Runway) and check actual contracts.VC Shakeups: Even top firms like Sequoia aren't immune to leadership turnover and missed opportunities.Disclaimer: This content is for entertainment purposes only and does not constitute investment advice.

Yann LeCun leaves Meta, Harvey’s $8B valuation, AI music hits #1 & Sequoia’s leadership shakeup

In this week’s episode of Not Investment Advice, Eric, Kevin, and Ian break down the most important tech and AI stories from the past few weeks in Silicon Valley.As always, this show reflects our personal views and is not investment advice.00:00 – Introduction00:35 – Why Silicon Valley news cycles feel faster02:10 – AI-generated music reaches Billboard #105:10 – Personalization and the rise of consumer AI music tools06:45 – The Pope’s statement on AI and healthcare ethics09:45 – Human connection vs AI interaction11:00 – The future of relationships in an AI-driven world13:00 – Legal AI: Harvey raises at an $8B valuation16:40 – AI margins: OpenAI vs Anthropic20:30 – Token costs, price wars, and switching friction24:10 – LLM memory and user lock-in26:05 – Gemini vs ChatGPT: workflow differences30:40 – Yann LeCun leaves Meta to launch an AI startup33:10 – How much capital he could raise today36:20 – Founder energy and late-career entrepreneurship38:10 – CLUE, virality, and the limits of hype42:30 – Retention, product value, and competitive note-taking apps44:10 – McKinsey’s AI 2025 report: enterprise adoption status47:40 – Sequoia leadership transition and industry rumors51:35 – Closing thoughts & next episode preview

Prediction markets boom, The AI infrastructure bubble, The war for talent & Sora’s deepfake threat

In the inaugural episode of "Not Investment Advice," emerging managers Eric Bahn, Ian Park, and Kevin Jiang, VCs of Asian descent, tackle representation and cultural barriers in Silicon Valley before diving into the week's hottest market debates. Topics include the legitimacy of prediction markets (Koshi/PolyMarket), the AI infrastructure "bubble" theory (trillion-dollar commitments and model convergence), the hyper-competitive AI talent war (billion-dollar contracts and the rise of the agent), and the profound threat of Sora deepfakes on intellectual property, public trust, and identity (Worldcoin, virtual actors).00:00:00 Podcast Introduction and Identity00:09:49 Discussion on Prediction Markets and Gambling00:19:20 AI Data Center Investments and Market Bubble Concerns00:30:41 AI Talent Compensation and Industry Impact00:48:31 Sora, Deepfakes, and the Future of Reality00:54:25 Host Introductions and Podcast Closing