Not Investment Advice

Elon admits XAI was "not built right" and needs a full rebuild — bad news for SpaceX investors. Finance bros still won't let go of Bloomberg terminals, and a new poll shows most Americans are skeptical about AI. Meanwhile, Yann LeCun raises $1B for a company with no product, and Ian reveals a matchmaking startup that got 1,000 signups in 5 days with zero funding.0:00 Intro1:03 Elon Says XAI Was "Not Built Right" — SpaceX Investors Pay the Price5:34 Claude Dispatch, Channels & the AI Power-User Lifestyle10:55 Finance Bros Won't Drop Bloomberg & America's AI Skepticism20:23 Google Is Quietly Winning the AI Race24:30 Yann LeCun Raises $1B With No Product — AMI Labs31:43 Ian Launches "Ian and Friends" — Matchmaking for Global Koreans38:39 Bootstrap vs. VC: When Founders Say No to Money

This week on Not Investment Advice, Eric, Ian, and Kevin break down the Anthropic vs. OpenAI drama after Trump's DOD labeled Anthropic a supply chain risk — and Sam Altman swooped in to sign the contract hours later. Plus, NVIDIA scales back its AI investments, OpenAI's IPO march raises WeWork comparisons, Apple drops a $499 MacBook aimed at killing Chromebooks, and Cluely's founder admits he lied about revenue.Read Ian's full article: http://thelonggame.vc—🕐 TIMESTAMPS0:00 — Intro 1:38 — Anthropic labeled a supply chain risk by the DOD 3:05 — Sam Altman signs DOD contract hours later, ChatGPT boycotts begin 4:55 — "Trump and Altman Made Dario a Martyr" — Ian's breakdown 7:23 — Claude hits #1 in the App Store, accidental marketing win 12:35 — OpenAI backs out of direct checkout in GPT apps 14:59 — Why AI companies keep failing at consumer products 17:42 — Jensen pulls back NVIDIA investment in OpenAI and Anthropic 19:05 — The circular economy problem: vendor financing and systemic risk 23:39 — OpenAI IPO targeting end of 2026 — is it the next WeWork? 28:56 — What this means for Anthropic's IPO timing 34:28 — Apple MacBook Neo: a $499 Trojan Horse to kill Chromebooks 42:46 — Samsung Galaxy S26: better than iPhone? 43:47 — Cluely founder Roy Lee admits he lied about ARR 51:21 — Closing thoughts—🎙️ Hosts: Eric Bahn, Ian Park, Kevin Jiang 📩 Subscribe for weekly takes on VC, startups, and tech from three investors who don't sugarcoat it.#venturecapital #ai #openai #anthropic #nvidia #apple #startups #vc #tech #podcast

00:05 - Anthropic, DoD, Supply-Chain Risk, and Political Risk for AI Vendors01:02 - Government Alignment and OpenAI vs. Government Stance02:27 - Supply Chain Risk and Vendor Diversity07:27 - Open Letter Discussion and Investor Dynamics12:56 - Middle Eastern Capital in AI15:34 - The “Agent Future” and AI Representations17:11 - AI Clones and Founder Outreach Experiments23:39 - Personal Updates and AI-Washing28:05 - Prediction Markets and Insider Trading Concerns37:03 - Netflix/CNN Media Deals and AI-Native Media43:32 - Personal Bets and Closing Thoughts

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

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

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

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/

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

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.

(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/