Jake Paul Is Coming for VC

Jake Paul and Geoffrey Woo join Molly O’Shea on Sourcery to break down their venture strategy, Anti Fund, and the operator-to-investor flywheel Jake has built across sports, consumer, media, and venture. With companies like: W, Betr, Anti Fund, Most Valuable Promotions, Boxing Bullies, Celsius, Dog Haus, & his new ranch, Jake explains how his broader empire building strategy centers on ownership, distribution, and long-term compounding rather than one-off wins. Specifically, we go inside Anti Fund (~$65M+ AUM, currently deploying a ~$30M vehicle) and explain why they avoid rigid “seed-only” or “growth-only” mandates—writing small entry checks to build conviction, then scaling into larger positions as companies prove out. In an AI-accelerated market where timelines compress quickly, adaptability becomes the edge. Jake shares why investing has become his “first love,” giving him proximity to frontier founders, including a close relationship with OpenAI. He reflects on helping shape the viral Sora moment and on lessons learned from Sam Altman around speed, decisiveness, and eliminating wasted time—while Geoffrey argues that as AI commoditizes execution, culture, taste, and distribution become the true moats. The episode captures a new venture archetype built on cultural gravity and direct access. With Logan Paul joining the partnership, Anti-Fund is positioning itself to compete with top firms while backing long-horizon themes like AI infrastructure, applied AI, robotics, and defense tech. Jake measures performance with numbers, but defines success more simply: having fun while competing at the highest level. Anti Fund® is an investment firm that invests in technology companies. Past investments include OpenAI, Anduril, Ramp, Cognition, Polymarket, Physical Intelligence, Flock Safety (via Aerodome), Chronosphere among many others. Anti Fund was founded upon two foundational axioms: the future is forged at the intersection of tech 🤝 culture. the best founders are “anti” by definition, as their companies must be highly disruptive to the status quo Jake Paul: ⁠https://x.com/jakepaul⁠ https://x.com/jakepaul Geoffrey Woo: ⁠https://x.com/geoffreywoo⁠ https://x.com/geoffreywoo Molly O’Shea: ⁠https://x.com/MollySOShea⁠ https://x.com/MollySOShea Sourcery: ⁠⁠https://x.com/sourceryy⁠ https://x.com/sourceryy 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 Youtube: ⁠https://youtu.be/SMzYK_kqm8M⁠ https://youtu.be/SMzYK_kqm8M 𝐒𝐏𝐎𝐍𝐒𝐎𝐑𝐒 • ⁠Brex⁠ https://brex.com/sourcery—The modern finance platform, combining the world’s smartest corporate card with integrated expense management, banking, bill pay, & travel. ⁠https://brex.com/sourcery⁠ https://brex.com/sourcery • ⁠Turing⁠ https://turing.com/sourcery—Turing delivers top-tier talent, data, and tools to help AI labs improve model performance—and enables enterprises to turn those models into powerful, production-ready systems. ⁠https://turing.com/sourcery⁠ https://turing.com/sourcery • ⁠Deel⁠ https://www.deel.com/sourcery—Deel is the global people platform that helps startups hire, manage, pay, and equip anyone, anywhere. Trusted by more than 35,000 fast-growing companies, Deel is the people platform that just works, so teams can scale without the chaos. Visit: ⁠https://www.deel.com/sourcery⁠ https://www.deel.com/sourcery • ⁠Public⁠ http://public.com/sourcery–Investing platform Public just launched ⁠Generated Assets⁠ https://public.com/generated-asset, which lets you turn any idea into an investable index with AI. With Generated Assets, you can build, backtest, refine, and invest in any thesis with AI. Gone are the days of one-size-fits-all ETFs. https://⁠public.com/sourcery⁠ https://public.com/sourcery Follow Sourcery for the latest updates! ⁠https://www.sourcery.vc/⁠ https://www.sourcery.vc/ Disclosure Paid Endorsement. Brokerage services by Open to the Public Investing Inc, member FINRA & SIPC. Advisory services by Public Advisors LLC, SEC-registered adviser. Crypto trading provided by Zero Hash LLC, licensed by the NYSDFS. Generated Assets is an interactive analysis tool by Public Advisors. Output is for informational purposes only and is not an investment recommendation or advice. See disclosures at ⁠public.com/disclosures/ga⁠ http://public.com/disclosures/ga. Matched funds must remain in your account for at least 5 years. Match rate and other terms are subject to change at any time.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:12Molly O'Shea?

  What's the strategy for marketing the fund?

• 0:13Speaker 01

  You?

• 0:14Molly O'Shea?

  Okay, done! I was flying in from LA going into JSX and I saw this gorgeous gray plane parked on the runway and it had this really interesting logo on it. I was like, "Hmm, that looks so familiar." Do you know what plane I'm talking about?

• 0:29Speaker 01

  Yes, I do indeed. You know, coming out to Silicon Valley since I was 17. I feel like it was one of my first loves was being here and seeing these companies.

• 0:38Molly O'Shea?

  What's the biggest lesson you learned from Sam Altman?

• 0:41Speaker 01

  Efficiency. The way he like walks in the room, sits down, "Let's get right into the conversation." No waste of time. 15 minutes, he was hella productive and then we'll go to the next meeting. Took over the sport of boxing. I wasn't the best boxer right away, but I branded myself, controlled the market and haste made and knew how to do that. With AI, like I think that sports and real stories will become more valuable and more cared for because it actually like tugs the human heart. If I could post that and get 10 million views, that's like, then I'm just...

• 1:25Molly O'Shea?

  Jake, Paul, Jeff Wu, welcome to Sorcery.

• 1:29Speaker 01

  Thank you for having us. Good to be here.

• 1:31Molly O'Shea?

  How are you gonna 5X this fund?

• 1:33Speaker 01

  We're doing it right now. This is inception. We're marketing the fund.

• 1:39Molly O'Shea?

  What's the strategy for marketing the fund?

• 1:42Speaker 01

  You? No.

• 1:43Molly O'Shea?

  Good, okay, done! Cut, interview's over!

• 1:50Molly O'Shea?

  I was flying in from LA going into JSX and I saw this gorgeous gray plane parked on the runway and it had this really interesting logo on it. I was like, "Hmm, that looks so familiar." Do you know what plane I'm talking about?

• 2:06Speaker 01

  Yes, I do indeed.

• 2:09Speaker 01

  Yeah, no, I, every time I look at it, I'm like, "Wow, that's, that's beautiful plane." But had to throw the W logo on it and do some branding for sure.

• 2:18Molly O'Shea?

  When did you get it?

• 2:20Speaker 01

  I think it's been like, over, almost a year now?

• 2:26Speaker 01

  Maybe a little bit less.

• 2:29Speaker 01

  But yeah, dude, it's the best. It's really such a blessing and it just like changes the game with the amount of things that you can actually do. So you can actually like grow business, do more events.

• 2:44Speaker 01

  Go to more meetings that you maybe wouldn't if there's like a charter and it's, you know, has to fly from here to there to come get you. And they don't can't fly past a certain time or the pilots can only fly for eight hours. So there's all these like weird things that go into it, but.

• 3:03Molly O'Shea?

  Do you Starlink?

• 3:04Speaker 01

  I'm getting it. Yeah, I just have to put the plane down for like three to four weeks. So I'm trying to find a window where I'm not flying for like three weeks.

• 3:12Molly O'Shea?

  Three to four weeks?

• 3:13Speaker 01

  Yeah. And there's like, yeah, there's a lot of like FAA compliance and stuff like that.

• 3:20Speaker 02

  I was gonna say Jake is working harder now because he has like free reign to roam the world. So I think in some sense, like I, I, I feel like I've been traveling a lot. Jake's been traveling a lot. So in terms of just like the blessing and a curse, because now it's like we can do more.

• 3:35Molly O'Shea?

  Yeah. Well, I want to talk about that. You have built quite a large empire. Could you just lay out all the different businesses you're involved in now?

• 3:45Speaker 01

  That's a, that's a good, it's in my Instagram bio. This will make it easier.

• 3:52Speaker 01

  W, which is like men's body care better, uh, which is like sports, gaming, picks fantasy, like launching more verticals. I own a ranch, but that I'm turning into a business eventually with different fun ideas. Most Valuable Promotions, which is the boxing company, Anti-Fund.

• 4:18Speaker 01

  And then my charity Boxing Bullies, I'm involved with Celsius, the, uh, you know, caffeine drink. And then, uh, Doghouse. I'm a franchisee owner of Doghouse locations. And I think that's pretty much it.

• 4:35Molly O'Shea?

  Which is your favorite?

• 4:36Speaker 01

  I love meeting with really smart people who are changing the shape of the world and having like good conversations and learning about, you know, the frontier of American capitalism and everything cool. Like, I mean, we just were at OpenAI and just saw some really crazy, mind blowing things. And yeah, it's just cool to be a part of these conversations. And I've been, you know, coming out to Silicon Valley since I was 17. So I feel like it was one of my first loves was was being here and seeing these companies.

• 5:13Molly O'Shea?

  What was it like then versus now?

• 5:16Speaker 01

  Silicon Valley?

• 5:20Speaker 01

  I feel like it's

• 5:23Speaker 01

  pretty similar. I think I was very different now or then. I mean, so I don't think I could like really comprehend everything that was going on. And I was like so young and new and I didn't know as much about business and stuff.

• 5:41Speaker 01

  So I think I've changed probably more than than Silicon Valley's changed. But I mean, I think it's crazy now. Like, there's just

• 5:49Speaker 01

  so much alpha. And I feel like, are we in a bubble of all these new companies popping up? Or are we not? But

• 5:59Speaker 01

  but yeah.

• 6:01Speaker 02

  I feel like, to me, I think Jake is just a really good personification of the American dream. And one, and I think two, I think with this current generation of tech, there's power law to startups, power law to venture capital firms, but I think there's also fundamentally power laws to people. So I think The people who, and I think there's like that trope that is like the people who are the busiest are also the people that do the most and the fastest to respond. And I think Jake really personifies that where it's like you get into a very high flow and you get things done and then you earn the right to get more things done. So I think in some sense it's like a lot and I think we've built a number of positions,

• 6:45Speaker 02

  but I wouldn't have it any other way. I think the reason Jake and I get along is that, you know, Jake has this term life maxing, I think I've taken to extreme, I want to be like insanity maxing, like, can you just like do the most craziest things with the short life that we have? So I think, to me, that, I think that's just naturally, I think who we are as people. And I think the next generation of entrepreneurs are also cutting our cloth, right? Like the Sam Altman's and the Elon Musks are also just pushing what is possible. And I think, to me, that's why I think we all relate and have like these really cool conversations, we're investing and helping each other.

• 7:27Speaker 02

  It's because I think we just understand the scarcity of life and scarcity of time. So we want to just maximize the most out of it. So that's probably the underlying nature of why we're even doing this. And I think to Jake's point, if you have limited things to work on and think about, why not think about the most sci-fi, interesting stuff?

• 7:47Molly O'Shea?

  I have to ask, like, what is both of yours day to day like? Like, what time do you wake up? What time do you go to bed? How do you manage all the different projects?

• 7:55Speaker 01

  Yeah, I would say it's very different depending on traveling, but my most like consistent schedule would be when I'm in, you know, in training, boxing. And, you know, I'll wake up 10 a.m.

• 8:12Speaker 01

  Be in the gym at 12:30, but in the morning I meditate, get in the ice bath. Um, I sit outside in my backyard. The, my chef brings me over breakfast. I start jamming on the phone, getting like any early morning texts out of the way, um, getting things coordinated for the day and then drive over to the gym. Usually that's, that could be 20 rounds of sparring, whatever.

• 8:43Speaker 01

  So maybe some strength and conditioning after that. Come home, lunch, recovery, hyperbaric, red light, all the different things, more, um, another ice bath. Then I will jump on calls for like one to two hours, depending on the day in between the trainings. Take a nap as fast as possible. Um, one hour nap, wake up and it's my second practice, um, at 7:30 PM. And then, yeah, probably like going to the track, running five miles, whatever it might be. It could be another boxing session.

• 9:27Speaker 01

  And then, yeah, come home, keep jamming. Uh, that's probably when I work with my content team at night because they all live right near me. And so, uh, just focus on the content side of things and then probably watch a movie and go to sleep.

• 9:43Speaker 02

  If I, I wish I could sleep in until 10. I think I just naturally wake up.

• 9:47Molly O'Shea?

  I thought that was crazy. I wake up at like 4 AM.

• 9:51Speaker 01

  Yeah, but what time do you go to sleep? I have to optimize to be awake at night because the fights are at night.

• 9:56Molly O'Shea?

  That's true.

• 9:57Speaker 01

  So i- if I'm, it's, it's fight night and I haven't been having my schedule to where I'm awake at night. And then all of a sudden it's fight day and I'm like very tired right before the fight. But if I go to sleep at 2 a.m., um, then it's like still eight hours of sleep.

• 10:19Speaker 02

  Yeah, I'm pretty, I think Jake knows that I travel a lot, so I think it's quite travel dependent. I split time a lot in San Francisco and Miami.

• 10:28Speaker 02

  I'm like up like 6, 7 a.m. I wish I could sleep in a little bit more, to be honest.

• 10:35Speaker 02

  And I think one of the things that I think we're just improving our schedules, like how do you just like block out days? Because I think the biggest thing you're probably asking is like, how do you context switch so much?

• 10:43Molly O'Shea?

  Yeah, exactly.

• 10:45Speaker 02

  So I like to block up days of various themes and then just like having calls or meetings that are blocked up by themes. So like Wednesdays, we'll do anti-fund, like investment committee calls on a weekly basis, right? And then for different various operating companies, it might be a Tuesday or Mondays and you have themes. And then specifically, if there's like more product oriented stuff, I try to block them up. If there's more pitch meetings, I try to block them up. So I try to reduce context switching.

• 11:19Speaker 02

  But when you're traveling, it's like, like you have to just like leave room for serendipity and chaos. But I think that's like one thing that I've just come to appreciate about Jake is that like his range of context switching is very, very high. Because like you're sitting down with Mark Chen, the chief researcher officer of OpenAI, talking about like the roadmap and the future models that they're working on. And then he gets to be a celebrity with like a TMZ interview and then invited to like a dinner or an event. Then you, then you work on being a professional athlete. So I think, so for me, it's like, as an entrepreneur, as a VC, you naturally context switch a lot.

• 12:02Speaker 02

  And I, and I think one thing that I think people misunderstand is that Jake's context range is super wide. And I've, I've seen him like flip, like being an influencer bro to an athlete homie, like hanging out with other celebrities. So like, okay, we're gonna be like, you flip a switch and like, he's like sitting down serious in a business meeting. And then you put a camera on him and he's like. He's like dancing. So, but I think that's what the greatest operators are like. Like you just get dropped in situations and you're like a state machine. You switch really quickly.

• 12:37Speaker 02

  But that's all, all is to say is that it's like controlled chaos is maybe the way I think about like,

• 12:43Speaker 02

  our schedules and our lives. But then it's like, okay, how do you structure as much of that chaos into blocks and themes? Where it can be durable and sustainable.

• 12:52Molly O'Shea?

  Yeah, I mean, well, I think about all that. I'm like, do you ever think maybe I have multiple personalities?

• 12:58Speaker 01

  I think everyone does. I think people are afraid to just like express them. But that's why people like think they know me a lot is because they see the personality at the press conferences where I'm talking shit and saying absurd things and wearing diamond chains and streetwear. And then like, I'm at my ranch just talking about cows and have a gun on me and jeans and boots and a car hard jacket like, and then I'm doing business and then I'm doing a YouTube video where I'm blowing up a car like so. I have a bunch of different sides of me. I think people maybe are just afraid to express those sides sometimes, but tangent.

• 13:39Molly O'Shea?

  Yeah, like I'm so curious because I, I mentioned this before, like I was trying to think of similarities or maybe like corollaries of like, who you've built your personal brand off of and like the, the business empire you're building off of that and as it extends to ventures, as it extends to athletics and creators and like all that kind of stuff. There's people like Arnold Schwarzenegger, The Rock, Joe Montana, Ashton Kutcher, all these people that have dipped their toes in many different things. So when you can say like, dating back in time would be like Howard Hughes, like, what do you think it means to be like a true entrepreneur? And how do you encompass that?

• 14:20Speaker 01

  Yeah, I would say naturally being a leader and having that drive and work ethic and not being afraid to fail and having courage to take risks and to walk down paths that others are afraid to. And even when you walk down that path and fall down the mountain, you get back up and you try it again because like I had to fail to learn. And I think that's every entrepreneur's story. So really resilient and being persevere, you know, having a lot of perseverance as well. So

• 15:03Speaker 01

  that's what I would say it means to be an entrepreneur and having vision. I think a lot of people don't have a vision of like what's possible and can't intuitively feel like what needs to be built in the future. So.

• 15:18Molly O'Shea?

  You said you meditate. Do you do any other kind of like vision boarding or?

• 15:22Speaker 01

  Yeah, meditation, breath work, manifestation, visualizing what I want to happen like, you know, that's, that's more in fighting, like visualizing how I see the fight going. But I, I say, you know, my goals out loud in the morning.

• 15:43Speaker 01

  And try to connect with God as to like opening myself up to his voice and, and what he wants for me. And so I think that's very powerful as well. And helps you become the best version of yourself, which will resonate throughout your whole life, you know, personal or business.

• 16:05Molly O'Shea?

  Sorcery is brought to you by Brex, the financial stack trusted by more than 30,000 companies, including one in three venture-backed startups in the US. Nearly 40% of startups fail because they run out of cash. Brex is literally built to help founders avoid that. Unlike traditional banks that let your money sit idle, chipping away at it with fees, Brex's designs help you spend smarter and move faster. Their all-in-one solution combines checking, treasury, and FDIC protection into one powerful account.

• 16:36Molly O'Shea?

  You can send and receive money globally at lightning speeds, get 20 times the standard FDIC coverage through their partner banks, and even high yield from day one. With same day and even same hour liquidity, access your funds anytime. Companies like Scale AI, DoorDash, Service Titan, Hims, Anthropic, Flexport, Robinhood, and Plaid, trust and use Brex. Start today at brex.com/sorcery. That's B R E X dot com slash sorcery.

• 17:07Speaker 02

  I think one thing I think is interesting about what Jake is building, what we're building is that a lot of these celebrity, multi hyphenate type people started their investment in business careers post-prime, right? Like, like Arnold or Joe Montana. They were starting to do business in their 40s and 50s and arguably past their, their social, cultural prime. I think what's interesting, that's I think unique to our generation is that, I mean, we started anti-fun when you were what? Like 24, 25? I think, yeah, 23, yeah.

• 17:49Speaker 02

  Though like, so what I'm like personally excited about is that the time duration of learning and compounding. I mean, I wish I was like doing as much as Jake when I was like 24, 25, but like Jake's got like 50 years of compounding. Or like, I think a Joe and like, these are all like great like role models for us. They, they're able to compound, you know, when they're in, they have like 20 years less of compounding to do. And I think it's, and I think it's not just because they were less ambitious. I think it was just like the timing and the culture of how you could distribute and engage with people. Like it didn't exist, you couldn't do it when, like 20 years ago,

• 18:34Speaker 02

  you couldn't be 20 and have millions of people follow you. I think with social media, with internet first, with people gravitating towards. Creators and individuals versus platforms, right? Like you would have to be platformed by the NFL or CNBC to have a voice. I think this generation, our generation, you could just be really cool yourself and then have a direct voice to the people. So I think that's like the academic lens, I think about it, right? Like sometimes it's like interesting to just, if you're writing the Harvard or Stanford Business School case study of what we're doing, it's like, what are the attributes that makes what Anti-Fund is doing great, unique and game changing?

• 19:18Speaker 02

  I think a lot of it just like towards like the historical moment in time where someone like Jake in his mid twenties can have access to like the top three tech billionaires and founders who are changing the world and have simultaneously have distribution ability for millions of people and then have a unique tie to the next generation of people that are just coming to prime, right? Like, I think millennials and Gen Z will very soon take over all buying decisions, cultural decisions from Gen X and boomers. So they're all gonna die and we're gonna take over and it's just like people die.

• 20:00Molly O'Shea?

  What did you just say?

• 20:02Speaker 02

  Well, I mean boomers are gonna, they're all dying. It's time for folks in our generation to step up and lead.

• 20:07Molly O'Shea?

  Okay.

• 20:09Speaker 02

  And I think going back to like boldness, like I think, I think that's part of our brand. I think Jake personifies that and I think, I think we relate really well because I'm not afraid to take bold stances. But I think that is what was required for a venture firm as well as being an entrepreneur. You have to have a vision that's contrarian, otherwise like you're not doing anything interesting.

• 20:30Molly O'Shea?

  The really interesting part about Anti-Fund is you are such a strong representation of culture and technology. I want to know when you decided to take it so seriously and not just do the angel investing route, but like actually dedicate yourself to the fund and have a portfolio of names like physical intelligence, OpenAI, cognition, et cetera, et cetera. I could go on, but you have formally built out a really beautiful fund and you're here very frequently.

• 20:59Speaker 02

  You know, I would say always like took.

• 21:04Speaker 01

  Very seriously, like this whole world, but I think it took experience to get better at it.

• 21:12Speaker 01

  But the, you know, the intensity and like wanting to do bigger, you know, funds and grow and make money for people and make money for myself. That was always there. And I think you just get reps and reps and reps and you start small and, you know, sometimes you fail, but then you just keep growing and growing and getting that experience under your belt. And then you look back all of a sudden and it was like, everyone's talking about us all the time. Like it kind of felt like this overnight thing where we came out of nowhere, but it was actually just grinding, grinding, grinding, grinding.

• 21:47Speaker 02

  Yeah, I, I think, yeah, I think in some sense, I think we've all been investing slash building companies since we're very young. Like, I mean, just my story, like I had an opportunity when I was graduating computer science at Stanford to do my PhD at Princeton, joined Facebook as a software engineer, or I got into Y Combinator and that got me down the entrepreneurial route. So I think we've always been building companies. I mean, I, I give a lot of credit to us starting Antifund to take it to the next level because I think just as an angel investor, it's like you're, you're investing in friends, supporting each other. I think what flipped the switch for me personally was realizing that

• 22:31Speaker 02

  with Jake, we have like a really unique platform. We could actually

• 22:36Speaker 02

  make up a splash and compete at the very high levels of Sand Hill Road and Wall Street with a product of our current time and generation that other people cannot compete with. And then when you see that market opportunity, I think the entrepreneur in me is like, hey, we got to seize that moment, that window.

• 22:56Speaker 02

  So I think to Jake's point, I think it's always been serious, but I think the window of just like really

• 23:03Speaker 02

  capturing that opportunity, I, I feel like a very sense of urgency and opportunity to.

• 23:10Speaker 02

  To to compete and win.

• 23:12Molly O'Shea?

  Okay, so let's go into the details of the fund. I'd love to know, like, talk as if you're talking to an LP or that kind of thing, right? Like, how many investments do you structure per fund? What is the size of the AUM per fund? Like, how many companies have you invested in? All that kind of stuff. How do you structure it? What's the formal structure of the fund?

• 23:30Speaker 02

  Yeah. So we have about sixty five mil plus AUM total. We're currently investing in a thirty million dollar vehicle. But I think the the strategy has very quickly evolved.

• 23:43Speaker 02

  Where we're realizing that we have really strong value add in relationships with some of the best iconic companies of our generation. We've built like a really good friendship with Sam Altman, Mark Chen. We're big investors in OpenAI. And I think if you saw the viral store launch, it was just like a bunch of Jake Paul memes. That was something that I think Jake should tell that story about how that was engineered. And it's not something that was just like, hey, Jake Paul is now gay. It's like, it's like, you know, that's something that Jake was thoughtful in in terms of why we were a part of that launch.

• 24:18Speaker 02

  So I think on one on one side, we're almost evolving to and exploring a growth strategy or a crossover IPO strategy. And then on the early, early side. Another thing that we've realized is that some of the most technical, smartest young people that are building all grew up watching Jake as kids. And we have an unfair affinity or access to being a part of their entrepreneurial story. When they're just coming out of MIT or just coming into Harvard, just coming to Stanford. Hey, in some sense, Jake's walked that parallel path of being someone who is, you know, a teenager, making his first brand deal for a few hundred dollars.

• 25:00Speaker 02

  So now building, you know, multimillion dollar deals and and keep climbing that ladder.

• 25:07Speaker 02

  I think there's a cultural affinity there that we have an unfair advantage. So that that is to say that, you know, typically we'll do like a two hundred fifty K entry check to build a relationship. And then we'll size up multimillion dollar checks to companies that.

• 25:24Speaker 02

  Are working that we like the product, we like the team and we double and triple down. That's like the general construction.

• 25:30Molly O'Shea?

  How do you structure the fund between early and growth stage? You have a like a portion committed to early stage, growth stage, follow on? How do you?

• 25:36Speaker 02

  Currently, we have a couple of different sleeves and we're formalizing specific vehicles to concentrate on the strategies and having multiple products.

• 25:46Molly O'Shea?

  There's like an interesting point in time with everything going on in AI that companies are figuring things out and pivoting really fast and reaching inflection points at stages you would have never predicted. And so I feel like when people are like, oh, what's your strategy? And it's like, oh, I just do this one thing and it's filtered out to one thing. You put yourself at a complete disadvantage and I feel like the fluidity and being dynamic in this environment is how you capture that upside.

• 26:11Speaker 01

  And that's where the name comes from, like we're here at the end of the day to make money. So it's like, I don't, I never understood it, even when I first was coming to Silicon Valley. They're like, we're seed investors. And I was like, okay, but if you could invest into a growth round that's, you know, looks really good on paper, et cetera, like, why would you not leverage that as well?

• 26:37Speaker 01

  And and have less risk? So that's, that's how we've always looked at it from the start.

• 26:43Speaker 02

  I mean, I think it's like, it's something that I think about a lot from just the the timing perspective. I think even now, it's like the valuations, the stage. I think people like, I think LPs like a very icy memo, writable little essay. But I think the the best founders don't follow a book report. The best investors don't follow a book report. And I think that's where there's a disconnect with the book report type investor. And I think the next generation of like these solo GPs are quite creative, right? I think the best investors are not necessarily like the name brands, although they have like a lot of AUM, right?

• 27:26Speaker 02

  Like, I think there's like the solo capitalists that we can kind of name in

• 27:31Speaker 02

  on that list of people that just do very, very creative deal making.

• 27:37Speaker 02

  And I think it's because of the nature of the industry now, because things move really quickly. You need to be adaptive.

• 27:43Molly O'Shea?

  Do you think creatives are at an advantage now versus previous generations? Because I've been noticing this theme, at least in my recent interviews. I did an interview with Alex Karp. He's all about artistry and he's dyslexic. He uses that to his advantage. He comes with ideas and he takes action on them. He also believes in meritocracy, like going after the best idea at any point. And I've been seeing that theme throughout many conversations, especially now. It's like we have all the tools for creation and like whoever's the best creator will win. But we're also seeing a really interesting point in time where, again, it's unpredictable. It's completely abstract and like the most creative kind of mind wins.

• 28:24Molly O'Shea?

  Turing is training the next generation of AI with tasks that require real expertise and real world judgment. That's why companies like Nvidia, Anthropic, Salesforce and Gemini partner with Turing. Turing builds realistic reinforcement learning environments and data systems based on real operational traces, the kind of infrastructure Frontier Labs need to train superintelligence. Visit Turing.com/SOURCERY.

• 28:52Speaker 02

  Yeah, I think it's an interesting world where if execution is commoditized to compute, then it goes back to, okay, like literally the most creative person, but also the person who can control culture and dictate taste is the one who wins. So I think creativity is very important, but I would argue that whoever can control culture and taste, that decides which creative thing is better, right? Because like quite subjective, that's then therefore like the highest order of value. Can you drive people to say, hey, this is important?

• 29:29Speaker 02

  I think that's actually one of the core.

• 29:31Speaker 01

  And that that it goes back to why I like took over the sport of boxing. I wasn't the best boxer right away, but I branded myself, controlled the market and taste made and knew how to do that and control the culture of it. So that's, you know, I think what you're saying is in like a live metaphor of it happening.

• 29:55Speaker 02

  Yeah, so yeah, 100%. I think that's like a perfect case study, right? Like, there are a lot of boxers that have boxed longer with more credentials, but like literally who made the most money and like has like the one of the fastest growing promotions in boxing. This this this man here. So it's just like, um, you know, if you're in the venture capital business, then you're in the capital formation, capital accumulation game. And it's like, if we, I think the way I think about it, if we can do it in our personal brands and our personal businesses, we should, the next scale of that is can we do that at an asset class level and an industry level?

• 30:35Molly O'Shea?

  What are the categories you're most excited about right now? I know you've backed some really big names, but what are you most excited about?

• 30:41Speaker 02

  I think a lot of the themes are AI infrastructure, applied AI and robotics, which might sound very counterintuitive because like we have pretty unfair access to consumer companies, which we will do on occasion. But I think what we've realized that you have to be very focused and targeted in what you say yes and no to. And I think it's like very, very clear that over a 10, 20, 30 year time horizon,

• 31:10Speaker 02

  AI and robotics are the largest markets. It's it is already changing how we interact with each other with with with with like how we navigate the environment. We want to be a part of that and help taste make that.

• 31:26Molly O'Shea?

  Jake, what do you like?

• 31:27Speaker 01

  I mean, I like defense tech because I like guns and explosions. So yeah, I always like say how much I love Andro, but um, yeah, whatever like is the most exciting to me always has to do with like what's the shocking story and like you're sitting there like I can't believe what I'm witnessing, which I mean, yeah, again, like we, every time we go to OpenAI and like see the, you know, year long or six month long roadmap, I'm just like, oh, my God, like this is exciting.

• 32:08Speaker 01

  So it's cliched to say AI, but like it is exciting.

• 32:13Molly O'Shea?

  When did you first get in touch or started working with OpenAI? What was that like?

• 32:19Speaker 01

  I think it. Well, you've known Mark for a while. Yeah. But the connection happened at the inauguration.

• 32:29Speaker 01

  With me and Sam Altman and we just were sitting next to each other and.

• 32:34Molly O'Shea?

  Was this when your chair broke?

• 32:35Speaker 01

  That was Theo Von.

• 32:37Molly O'Shea?

  Oh.

• 32:40Speaker 01

  My jaw broke. Yeah.

• 32:45Speaker 01

  No, and I think I knew that like Sam likes fast cars and so do I and so we just started talking about cars. And then we kind of just got along and that was really it.

• 32:59Molly O'Shea?

  And so you've been involved with the Sora launch. You were a pregnant lady. You were many different things.

• 33:05Speaker 01

  Yeah, makeup artist. I was a robber. I was a bunch of things. But yeah, so that eventually led to us.

• 33:16Speaker 01

  Helping them, yeah, develop Sora and like what it was gonna even be. And look like and all of that stuff and consulting them. You know, me and my brother have however many years combined of social media experience like since the beginning of, you know, what social media has become and we were there when the term influencer was even made up. So just giving them our best insight into what we love and hate about certain social media platforms. And what we know fans look for and ease of use and comments and like just, just super detailed consulting.

• 34:03Speaker 01

  And yeah, just doing like regular calls with them and then I basically.

• 34:12Speaker 01

  You know.

• 34:15Speaker 01

  Gave my name, image and likeness to the app because you have to, you know, approve of that and I think nobody, you know.

• 34:26Speaker 01

  Really wanted to do that, I think. And I saw what it could do and become and like, the videos were entertaining and then it just blew up. And obviously, the app exploded overnight, number one in the App Store, and everyone just started turning me into, you know, all of these different things. And the videos were funny to people, and so it just went viral, six or one billion views in six days. And yeah, really just a great partnership that worked across the board really well with between us two.

• 35:06Speaker 02

  Yeah. And I was gonna say that, you know, now that we built like that rep together and the trust and the relationship, I think we're exploring, we were just at OpenAI for three hours, looking at other ways to collaborate. So if these things might be cooking.

• 35:22Molly O'Shea?

  What? Okay. Well, interesting. What's cooking?

• 35:28Speaker 02

  I'll let them lead.

• 35:32Molly O'Shea?

  No comment. Okay. What's the biggest lesson you learned from Sam Altman?

• 35:40Speaker 01

  I would, the first thing that comes to mind is efficiency. He, the way he like directs his team and like walks in the room, sits down, let's get right into the conversation. Boom, boom, boom. You need that? Do it. Get it done. Like, this is here. Yeah, I like that idea. Let's do it. Boom. No waste of time. Fifteen minutes, he was hella productive, and then we'll go to the next meeting. And I think a lot of people just sit around and we'll do hour-long meetings or calls and just waste time. So I think that was inspiring because time is the most valuable thing, and it's the only reason that you can't accomplish

• 36:21Speaker 01

  more essentially. So his time management was the first thing that came to mind with that.

• 36:26Speaker 02

  Yeah, I think that's a good one. I feel like his breadth of vision and ambition is.

• 36:33Speaker 02

  Like inspiring, right? Like, I think there's a few entrepreneurs, I would say like Elon Musk or Palmer Lucky are like in that same caliber of tier, like Zuckerberg. I mean, just like the scale and breadth of projects that they're pushing at all different fronts is really cool. And I think it personally inspires me around, okay, like Sam is a human being as far as we can tell, right? Like, he's a human and he's, his time to leverage is very high. And then I think Jake puts a very nice way to explain, like, okay, he's very, very efficient. But it's like, okay, how can we all be more efficient?

• 37:16Speaker 02

  And I think to me, it's like the ambition part and the vision part is very like just motivating to say, okay, like, these are the types of people that push society forward, push culture forward. And how do we support them slash can we earn a spot to be one of them?

• 37:33Molly O'Shea?

  What's your hottest take on media right now?

• 37:36Speaker 01

  On media? Like traditional or social?

• 37:40Molly O'Shea?

  Social media? Like, what do you think, what do you think people are doing wrong right now? What they could do better? Do you think that there's gonna be a generation of failed influencers? Business models are changing?

• 37:50Speaker 01

  Definitely yes for the failed influencers, because it's, it's difficult. It's difficult. And I think that everyone has more access to making videos. And so I think the best videos that people capture and the most viral ones are like the authentic moments and things. And so I think it's very difficult to break through when there's, when I was, you know, first starting. The regular, average person like wasn't uploading videos and stories. There was one, you know, six second video feed on Vine.

• 38:34Speaker 01

  And so let's just, I don't know the exact numbers, but let's say a thousand videos were uploaded on Vine back in the day, in the first days. Now we're at, you know, millions and millions of videos every day across multiple platforms. So it's way more difficult. And I think people like to copy each other as well as like influencers and just do the same thing. So people fall into that trap a lot. And yeah, I would say, I don't know if you have any hot takes, but I'm going to think of another one.

• 39:14Speaker 02

  I might have a hot take that is interesting.

• 39:20Speaker 02

  I think

• 39:23Speaker 02

  there's a difference between someone like Mr. Beast type content creator, who to me is spectacle and lighting money on fire to get views type of a content creator, to someone like Jake or Logan, who can just talk and people naturally gravitate towards the human.

• 39:45Speaker 02

  Especially with AI and generating spectacles through a prompt. I think, and I, my understanding is that, you know, Mr. Beast is trying to be much more of a person now. Because if you think about what his content is, it's like literally lighting money on fire to get views.

• 40:03Molly O'Shea?

  Yeah.

• 40:05Speaker 02

  The marker to me about cultural power is that if you can just sit in front of a camera and talk, right? Like, we can think of like people like Andrew Tate and some of these like very controversial or Candace Owens. They're just like literally talking and it's, and there might be car, like literally car crashes of takes. But there's some art to their content production to view is just them talking to then like, hey, I need to like give away Lamborghinis and like blow up $10 million to get views. So my hot take is that I am long people that have true cultural affinity to their viewers versus reliance on stunts and spectacle.

• 40:48Molly O'Shea?

  I feel like last year was really marked by the viral moment, especially in technology. Like, everyone was going after the viral videos, viral launch videos, spending hundreds of thousands of dollars on less than two minutes. Like, really crazy, kind of, to think about that in the hindsight. But now, a lot of people, um, I guess the trend that I'm noticing is a shift towards quality content. Once they actually have product market fit, they have use cases, doing more collaborations with large brands, people that have a premium to them, to kind of, like, move past just that attention-seeking behavior, but more of like, no, this is like, this is legit, and this is a really good story. Did you have another hot take?

• 41:32Speaker 01

  Yeah, I think, um,

• 41:36Speaker 01

  with, with AI, like, making a ton of content and, like, studios, there's gonna be, like, AI studios making all these things and stuff.

• 41:48Speaker 01

  I think that sports and, like, real stories will become more valuable and more cared for because it actually, like, tugs the human heart, you know? Like, robot boxing would be sick, but, you know, you don't, like, actually, the hu- it doesn't have a heart, and you don't, like, love the robot and, like, hear its story and what it went through.

• 42:16Speaker 01

  So, yeah, I think sports will, and the athlete's stories, and them actually having to work hard versus getting a computer chip put into them that makes them punch a thousand, you know, like, I think the actual time that a human has to put into things will become more valuable.

• 42:35Molly O'Shea?

  Would you box a robot?

• 42:38Speaker 01

  Um.

• 42:41Speaker 01

  I mean, how strong is it like? How tall is it like? I'm I think I'm done boxing six foot six people. So if it's a six foot six robot, probably not.

• 42:55Speaker 01

  But it I mean, I don't think people would care, right? Like about me versus a robot.

• 43:04Molly O'Shea?

  I think they would care.

• 43:07Speaker 01

  But like if it was evenly matched or like the robot was way more powerful, then it's just like a them like me signing up to die.

• 43:21Molly O'Shea?

  Not good. Okay, not good. So Jeff, last time I saw you, you were on one of these tours where you're go you you were actually here with Logan. And this was when Logan just made his announcement of joining the fund. So one, I want to talk through that. And then two, like, let's get through like this tour thing like this has become a real thing. And then you're also showing people what it's like when you go to meetings. You're sitting in the in the boardroom of Sequoia Founder's Fund. You were at Applied Intuition, you were at all these different kinds of companies. So one, like, let's talk about Logan and his entrance into the fund. And then how you guys went about these tours. Some of you may not have heard this yet, but our sponsor Public just launched something called

• 44:05Molly O'Shea?

  Generated Assets, and it brings AI into investing in a way I've honestly never seen before. Here's how it works. You type in an idea like AI powered supply chain companies with positive free cash flow or defense tech companies growing revenue over 25% year over year. Public's AI then dispatches a swarm of agents that scan every single US stock, evaluates them and instantly builds a custom index around your thesis. What really stands out is how clearly it explains why each stock is included. And before you invest, you can even back test your idea against the S and P 500. So you're making decisions with real context, not just guessing. And beyond Generated Assets, Public lets you invest in stocks, bonds, options, crypto, all in one place. They'll even give you an uncapped 1% match when you transfer your investments over from

• 44:50Molly O'Shea?

  another platform. If you want to build a portfolio that actually reflects your thesis, visit public.com/sorcery. Paid for by Public Investing. Full disclosures in the description.

• 45:00Speaker 02

  Yeah, I think Logan is a great addition to the partnership.

• 45:06Speaker 02

  One, I think as an entrepreneur, like he's a phenomenal entrepreneur.

• 45:14Speaker 02

  Prime fastest growing beverage in history, multiple businesses that he's created in over the years. So I think in terms of one, to me, it's like, aside from like the fame and the influence, just like, he sold a billion dollars of beverages in a couple of years. Like, okay, like, how many companies in Silicon Valley have done a billion in revenue in a couple of years? Like, literally the best companies in the world. So I think in terms of like, the ability to mentor and guide and have that, like, we've been there, done that. I think he meets that bar of being an anti-fund partner to be able to have that credibility and reputation to mentor young founders.

• 45:55Speaker 02

  And then two, I think it just doubles down and recapitulates the thesis that if anti-fund is iconoclastic, as like, as like, one way to like, think about us, if you just term us in one term. I think we also want to just own the idea that tech and culture is what will control the future. And we want to be the ones in pole position around that. And I think with both Jake and Logan, probably two of the top five figures in our generation.

• 46:33Speaker 02

  It feels like an unfair advantage for us to expand the partnership to have Logan join the team.

• 46:40Speaker 02

  And I think in terms of just like, the meetings, I think that's like, one thing that I found to be just super fun to build anti-fund with Jake. It's just like, the density and velocity of literally the best of the industry that we get to talk and share ideas with is really high. And one, we learn really quickly. And then two, we can also then take that learning, implement it to our own investments, our own companies, and also just feed it back into the ecosystem. So if we can be that node. That's one personally fulfilling and then two, if we just like show the behind the scenes on that stuff, which again, I think Jake kind of invented the daily vlog, right? Like, we should be taking some of these things that have worked in terms of education, showing behind the scenes.

• 47:26Speaker 02

  Yeah, I think we want to be doing that more because it is super rare to be in some of these rooms. And I think it's like the reception on that has been very, very positive. And I think we're going to take that positive feedback loop and do more of that.

• 47:41Molly O'Shea?

  Jake, when did you first meet Logan?

• 47:43Speaker 01

  I think, um, I think I was zero.

• 47:48Speaker 01

  I think I was 30 seconds old, um, in the, in my mom's, uh, hospital bed, probably. There's a picture of it.

• 47:56Molly O'Shea?

  There's a picture?

• 47:57Speaker 01

  Or actually a video. But I, I'm on video, like being born. My, someone VHS it, like, so since the first moment of my life, I've been on camera. It's weird to watch.

• 48:09Molly O'Shea?

  Are you excited to work with your brother on this?

• 48:12Speaker 01

  One, 100%. Um, like Jeff was saying, he's such a hard worker and he's really good at what he does. And he brings a lot to the table. And interestingly enough, we've always said this about our careers is we are doing the same things, but taking very different routes. And because of that, um, we have very different networks. And as you know, like, you know, venture capital's all about network. And so he's brought like a completely different, you know, group of people, um, you know, to the table than Jeff and I were in touch with and constantly speaking with, et cetera.

• 48:54Speaker 01

  So that's been really powerful already and he's doing a great job.

• 48:58Molly O'Shea?

  Who takes riskier or maybe more aggressive investment bets?

• 49:03Speaker 01

  Definitely Logan.

• 49:05Speaker 02

  Really?

• 49:06Speaker 01

  No, we've had to stop him.

• 49:07Molly O'Shea?

  You had to stop him?

• 49:09Speaker 01

  Like, we've had us, we've had to tell him that, like, here's why an idea is bad. And like, he's.

• 49:17Speaker 01

  He's um not been doing it as long. So he's like still learning and I think there's that first initial excitement when you're first start investing that like every, I mean, you're getting pitched and they're going to show you all the, you know, gold and the fruits of the company, but they're not going to show you the dirt. Um, and you have to be very savvy and been doing it for a while to just kind of see the, and feel those things and really pick apart the numbers and this is what's going on and what's the valuation? Was this a good entry point? It's like those things, but.

• 49:57Speaker 02

  Yeah, I think well said. I think what I think for, I think most VCs or most angel investors, you gotta, it's really a business of saying no in a nice way. How do you say no to people all the time?

• 50:09Molly O'Shea?

  I don't know if it needs to be a nice way. It's definitely an objective way, like 99% of the companies you're not going to invest in. It's just the, it's just the model.

• 50:16Speaker 02

  Yeah, but I, I think, but I think I have empathy towards that, like these people, these founders are really believe and really want to work with us and um, and, and maybe they're right and we're wrong. So I think, I think so the nice part I think is out of respect to the fellow entrepreneur. Not like we're not here to be exploited. So I don't think that's like, that's, that's not the right term of nice. But I think it's like a respect to the fellow entrepreneur and realizing that like there's a humbleness that will be wrong. Um, but yeah, I, I think you have to also just be ruthless around just saying no, because it's not, we don't think that this will make money for ourselves or for our, our capital partners. Um, I was going to take a different route to it. I think Jake is definitely much more risk on as a human being.

• 51:00Speaker 02

  But I think that's very fair that Logan is, is on the learning curve in terms of just reps in the field of Silicon Valley and doing investments.

• 51:09Molly O'Shea?

  I have to ask, because I was thinking about this earlier. I mean, I've been in venture my whole career. I'm just starting on this like media game and.

• 51:19Molly O'Shea?

  Some people that come to me don't have great intentions and can be a little scammy. And you're definitely exposed to more people, more fraud, like all this kind of stuff. Part of the role of a venture capitalist and an investor is to be, you know, very disciplined, have like a really good BS detector and also know what's good and what's bad. I'm really curious from your standpoint, as a celebrity and a public figure, how do you discern between like the scammy fraud stuff and true good companies?

• 51:51Speaker 01

  Yeah, I mean, it took time, but you know, me and Jeff have always said like, we've both met so many people. And I think probably you and me more than you, just like even just, you can meet a fan, like I was just, I'll go out and meet fans and

• 52:08Speaker 01

  you just become very good at reading people and

• 52:13Speaker 01

  talking to a lot of people and seeing people that are there for you during the highs and lows, who's stand, you know, who stood by your side.

• 52:25Speaker 01

  All of these little things. And then what I noticed is the more good people I get around, the more we attract good people. And so, you know, I've been doing this for a long time, but it probably took me until I was like 21, 22, just really start finding good people.

• 52:45Speaker 01

  And then since then, I've just attracted more good people. And the other good people can sniff out and like see things that that I don't maybe, and people act differently in front of me than than my friends. So people, people show me their best side. And I actually like, will ask my friends what they think of someone because they're not like kissing ass essentially.

• 53:13Speaker 02

  Yeah, I was gonna say that like, maybe in a more blunt way, like I think we all got scammed when we're younger. And it's like, maybe not like directly scammed or like we made-

• 53:24Molly O'Shea?

  I've definitely gotten scammed, I'll tell you that.

• 53:26Speaker 02

  That's what I'm saying, like I think we like-

• 53:27Molly O'Shea?

  Especially in the media game, a lot of these clippers are not real clippers.

• 53:31Speaker 02

  Yeah, so yeah, no, a hundred percent, I think. I think, I'm sure Jake has war stories about like, yo, you got screwed over, this, this is like, so it's like, it's like the maybe the blunt way is like, and I've made mistakes in my career where it's like, oh, I got fucked, like, don't make that same mistake again. So I think, I think we've been lucky that we made a lot of mistakes early and when we're young where now it's like we're in our productive primes while having a ton of reps and we're not too tired to keep grinding and competing.

• 54:05Molly O'Shea?

  Yeah. What are some of the war stories that you have?

• 54:08Speaker 01

  War stories?

• 54:10Molly O'Shea?

  Yeah, like what scams have you fallen for?

• 54:14Speaker 01

  I mean,

• 54:16Speaker 01

  mostly just like, yeah, like people being fake.

• 54:22Speaker 01

  Even if it's just your personal life or something like that, it's probably the, yeah, the number one thing for sure.

• 54:29Molly O'Shea?

  What excites you?

• 54:30Speaker 01

  Life. Honestly, life is great. And, and, yeah, creating amazing experiences with your friends and family and my fiance, Yuta, and

• 54:48Speaker 01

  helping the world,

• 54:52Speaker 01

  and helping others once you've, you've helped yourself first. But I've gotten to that point where like, one of my greatest accomplishments was like, helping Amanda Serrano go from making, you know, 500 bucks in the back alley fight as one of the best boxers of all time, but she didn't get recognition for it and turning her into, you know, the GOAT of women's boxing and a multi, multi, multi, multi billionaire. So,

• 55:27Speaker 01

  And hanging out at my ranch, it's me.

• 55:32Molly O'Shea?

  How's your ranch?

• 55:34Speaker 01

  It's a vibe. It's so much fun. It's just like freedom. I think the things that humans chase in life are like love and freedom. Like you don't realize like, oh, why, why do you want to go on vacation? Cause you can do whatever you want and have fun. So I always knew I wanted to build, you know, to have freedom like that. And that place where I can do whatever, like shoot guns, drive fast, like,

• 56:06Speaker 01

  you know, get cows, horses, take care of animals, be able to hunt. And I just have that massive area to do it all. Then being in nature and, and nature makes me feel very free. So, um, yeah, it's, it's a dream come true.

• 56:26Molly O'Shea?

  Founders ship faster on deal. Set up payroll for any country in minutes. Hire anyone, anywhere, get visas handled fast and get back to building. Visit D E E L dot com slash sorcery. That's D E E L dot com slash S O U R C E R Y.

• 56:42Speaker 02

  And I think this is tied into, uh, like, like bringing people together. We hosted our first anti-fun summit there. And I think it'll be, our goal with that will be it's like the next generation cooler version of Deer Valley, the Allen and Co.

• 57:00Speaker 01

  Yeah, no, that like some of them would be doing something. And they're like, this is the most fun thing I've ever done. And then we're having like really deep business conversations like a little bit later. So it was just like cool to, you know, share that space.

• 57:17Molly O'Shea?

  How'd you get the idea for it? What was the inspiration?

• 57:20Speaker 01

  The summit or?

• 57:21Molly O'Shea?

  Both the summit and the ranch.

• 57:23Speaker 01

  The ranch has been a dream of mine since I was a kid. My dad had this cabin and he was an outdoorsman hunter. And it was like this little cabin that we rented with like a little bit of property. And whenever I would be there. As a kid, I'd be like the happiest kid in the world and I would just run around all day. And so he unfortunately like couldn't rent it anymore. And I was like, damn, like I'm gonna work hard um to get a dope ass ranch one day. And be able to like go back to my childhood self there. Uh but then the summit.

• 58:07Speaker 01

  I think it, yeah, I think it comes from.

• 58:13Speaker 01

  When you're there, you like feel like you're in Jurassic Park. And so I love like, you're just like, this is amazing, like it's just beautiful. And so um I think being able to share that with my friends is awesome. And my family and then our business network.

• 58:31Speaker 01

  And being productive at the same time and like all of those things is is kind of where the idea comes from. And I I know I'm turning the ranch into more of like a business thing with um. Different fun things. I'm not like doing it right away and I'm taking my time. It's more of like a passion thing, but um I wanna like sell steaks and have the cows and create my own wagyu, American wagyu. And like, that's just one example, but um.

• 59:02Molly O'Shea?

  What are you feeding them? It sounds like Mark Zuckerberg's ranch.

• 59:06Speaker 01

  Yeah, I mean.

• 59:08Speaker 01

  There there's like a rumor that like you give them beer, but it's actually like some like fermented.

• 59:14Molly O'Shea?

  It's macadamia nuts and and beer, yeah.

• 59:16Speaker 01

  But it's like fermented like hops or some, I don't, I don't know what it what it is, but it's not actual beer. But they like sprinkle the hops into the food or something like that. But um I don't, I don't have any currently, but I'm gonna uh get some wagyu cows eventually and um.

• 59:39Speaker 01

  Yeah, that like, that's where I see myself. You have to enjoy life, you know? So that's where I see myself raising my kids, getting them to have that experience of being in nature and um, that's really what it's all about for me.

• 59:54Molly O'Shea?

  Are you a doomsday prepper?

• 59:56Speaker 01

  Yeah, I am.

• 59:57Molly O'Shea?

  You are? Do you have a bunker?

• 59:59Speaker 01

  Can't say.

• 1:00:00Molly O'Shea?

  You can't say?

• 1:00:02Speaker 02

  I'll just say it. He's very well armored. He has a, he has this very nice armory.

• 1:00:08Molly O'Shea?

  Everything you have explained about the ranch kind of points to doomsday.

• 1:00:11Speaker 01

  Yo, I'm literally like, the mo- like, I'm like the American kid, like, not the most country, but like, just being, like, loving guns and hunting and, you know, being outside and being a businessman, entrepreneur. I feel like I'm like the American. Like, I don't know, fighting people and doing shit like that. I don't know if that makes sense.

• 1:00:40Molly O'Shea?

  Is this like, is this a, a good balance, good escape from the influencer, celebrity boxing life? How do you view that?

• 1:00:50Speaker 01

  Um,

• 1:00:53Speaker 01

  it, it's definitely, uh, it's definitely an escape and my happy place. Uh, but I still, you know, I lo- we launched the YouTube channel for the ranch. Um, and so I'm gonna be posting videos there because I, I do love to create and especially when it's something I'm passionate about, it doesn't feel like work. We're just like filming ourselves, you know, having fun. Um, but yeah, I, I also have a gym there and stuff, so I still train when I'm there and all of that with a boxing ring.

• 1:01:26Speaker 02

  I guess like, that, that struck a chord with me in terms of like, you're just having fun. And I think that is my personal objective function for life. Like, can you just? Have a childlike fun for what you do. And I imagine like you like content creating, like you must at some level enjoy connecting, interviewing, creating content. And I think we're lucky that we get to bend most of our productive time towards that. I think the best entrepreneurs are like that. Like you create a job that you want to be living. And if you're not, if you hate the job and like you probably messed up as a startup CEO, like obviously a lot of like shoveling dirt. But I think the dream is how do you create a life in a team, in a culture where you get

• 1:02:08Speaker 02

  to have fun being the world's, competing to be the world's best at what you do. And I think a lot, and I think, and if you can stack all of these things together, which I think it's like you have this ranch, do the summit, have the venture fund, have the businesses, to have the culture and the media. That's a lot of what I think about, like, how do I just stack stuff that synergizes really well?

• 1:02:30Molly O'Shea?

  One of our sponsors is Brex and they're all about spending, starting, moving faster. As we close out, I have to know between everything that you do, all the businesses you build, your athletic performance, the fund, how do you measure performance and what's your goal for the next 12 months?

• 1:02:52Speaker 01

  I would, I mean, I'm analytical, so like I would just say I measure performance by numbers.

• 1:03:00Speaker 01

  You know, like, was it the biggest fight? How did this return do? How many views did this post get? And then there's like a more sentimental answer of like, like I believe fun is success. So are you having like fun doing what you're doing? And that, that's not easy to do all the time. So you have to remind yourself to, it can be monotonous, the daily grind. So you gotta find the fun enjoying it. I think that's success.

• 1:03:33Molly O'Shea?

  What kind of numbers do you have to hit for performance on videos?

• 1:03:38Speaker 01

  On videos?

• 1:03:39Molly O'Shea?

  What's the benchmark for you? I'm so curious.

• 1:03:43Speaker 01

  Like a good, like an Instagram reel, like a good, good one would be like 10 million views, but that's like, that's just like almost good, actually.

• 1:03:54Molly O'Shea?

  So just like you drinking a cup of water?

• 1:03:59Speaker 01

  No, if I could post that and get 10 million views, that's like, then I'm just probably a naked girl.

• 1:04:11Speaker 01

  So, yeah.

• 1:04:12Molly O'Shea?

  Okay.

• 1:04:13Speaker 01

  Sora AI video coming tomorrow.

• 1:04:17Molly O'Shea?

  And what about you, Jeff?

• 1:04:19Speaker 02

  I think Jake states it really well. I think you want to have some sort of objective numbers. So like, I think.

• 1:04:26Molly O'Shea?

  What are you, personally, for you? How do you measure your performance every year? And like, what is your goal for this year?

• 1:04:34Speaker 02

  I think for...

• 1:04:39Speaker 02

  I think it's like, how do we? I think specifically, just like, okay, let's talk about Antifund. We want to have a 5X net fund.

• 1:04:48Speaker 02

  So how do we invest in the right founders? How do we actually support the portfolio to achieve those returns? And, you know, how maybe like, like, I feel like if you don't want to compete with Sequoia and recent benchmark Y Combinator, why are you in this business?

• 1:05:07Molly O'Shea?

  Yeah.

• 1:05:08Speaker 02

  So it's like, how can we compete and get like a 20X DPI fund? And we probably will not do it. But you aim really high and you work like hard, super hard to like, try to get that. So I guess to me, it's like, and I think Jake feels in a very similar way. Try to be the best in the world. Maybe we can do it, maybe we can't, but have a high, high bar and compete like hard, like hell for it.

• 1:05:35Molly O'Shea?

  Fantastic. Okay, well, thank you so much. Hey, it's Molly. If you enjoy our interviews, check out our newsletter, sorcery.vc, where we deliver a once a week top deals and tech headlines email, and also go deeper on our podcast interviews. Subscribe to Sorcery today. And don't forget to subscribe to the podcast on YouTube, Spotify, Apple, or wherever you listen. Link in description to sign up.