Jake Paul raises oversubscribed $100M for Anti Fund; Geoffrey Woo on betting on robotics, bio, and energy over software

Speaker 2: We can hear it. There you go. The Shrek. Do you wanna watch Shrek tonight? Absolutely. The Shrek is going strong.

Speaker 1: See, the ears Ears are are

Speaker 2: amazing. Truck doesn't do it until you put the ears on there. Look at that.

Speaker 1: I might need to get one of these.

Speaker 2: That's a good Malibu daily. I think you need it.

Speaker 1: Just an an everywhere daily.

Speaker 2: Hey. We got Jake Paul. He's here. Come sit down. Jeff Wu too. How you doing?

Speaker 1: How's it running?

Speaker 4: What's up? What's up?

Speaker 2: How are you?

Speaker 11: Good see you.

Speaker 4: To What's see up, bro? How are you? Nice to meet

Speaker 2: you. Tell us. Go. Tell us the news. You raised a bunch of money. Bro, we

Speaker 8: Smack that

Speaker 2: golf. 100,000,000 oversubscribed. Woo. There we go. You can

Speaker 1: do it. Can do it.

Speaker 2: Wow. Come on. Great to see you.

Speaker 1: Great to see you.

Speaker 2: Thank you

Speaker 6: for calling us.

Speaker 2: About the fun. Who who who do you raise money from? Are you is there talking to endowments now? Are these your friends? Is it all your money? What's going on there? You're good.

Speaker 4: Yeah. A lot of a lot of our own money. We have a 10%, maybe even more. It's like ten, twelve, 14% Yeah. GP commit. Cool. Get in the game. Yeah. Our our lead investor is Aquarion Holdings. So shout out to Rudy and Eric. They've believed in us for a long time. They doubled down into our growth fund and it's been a great relationship with them. And then, yeah, just like other people that we know in our network.

Speaker 2: Yeah. Highlights from the

Speaker 1: fund so

Speaker 2: far. Yeah.

Speaker 11: Sorry. Was gonna say, like, I think going from more of just investing our own money, I think we are going more institutional. Right? So Aquarian, they manage 27,000,000,000 plus as an insurance holding company. So Mhmm. I think we're just proving our sophistication as Sure. Fiduciaries, as investors to be like, hey, endowments, institutions

Speaker 2: Mhmm.

Speaker 11: We can compound money faster and better than other VCs can for you.

Speaker 1: How is the strategy changing with the new fund? Is it changing? I think Like, number of checks, check size, ownership, all that good stuff.

Speaker 4: Yes. Time has gone on. I think the barbell approach for us has been very successful. I think going big with bigger checks into growth stages Yeah. In companies that we believe in with the best founders, you know. You don't bet against Palmer, Lucky, Elon, Sam Yeah. The big names like that. And getting the fast DPI, you know, going into SpaceX and XAI, working with Jared Birchall to get into some of those rounds, and then, you know, you're you're liquid very quickly. And so I think that's very attractive in putting bigger checks into into companies like that. And then on venture one, early stage, you know, and getting in, betting on founders from day one sometimes, and yet taking that more venture approach on that side of things. We've deployed our full venture one. This is our growth one going into venture two now, raising for that, and then pretty much fully deployed on growth one. We've been working on it for the past, you know, eight months, getting into a lot of these big companies and actually going into growth two already. And so we've just had tons of great access, and I think that's obviously the key. You can just we're hustling and in all the right rooms providing, marketing support, consultant support on that side of things, which a lot of these companies need. That's what we've realized. And every room that we go into, whether it's yeah. I mean, I won't say names, but pretty much everyone needs users.

Speaker 2: Sure.

Speaker 4: Yeah. And so Distribution. You you'd be surprised at the level of marketing knowledge that these companies have. It's like day one, basic. These are the most technical companies in the world. Right? But they're not the the best at breaking through to to grow their their users. And so we've just been able to really help on on that side of things. And the most basic thirty minute call about marketing is extremely helpful for these companies.

Speaker 2: Yeah. Take us through, like, what are you actually talking to a tech company that might have their pitch dialed for investors or engineers.

Speaker 1: Or even customers once they get them on a call.

Speaker 2: Customers, but like it's just that whatever story they're telling, it's not resonating with just the normal person. And I feel like you've gone so big with everything that you've done that you've touched every part of America, the world, globally. And you can probably offer more feedback and advice on just like how to tell a story as a company that resonates outside of this tiny little, you know, enclave in San Francisco.

Speaker 4: Yeah. No. Correct. I mean, I went from Vine to then it was YouTube, then Facebook popped off, then Snapchat was the thing. Me and my brother were the first people making Snapchat stories, like a full content. Evan Spiegel invites us out asking us, like, how we like the app, what what could we change in Venice, and then it went, you know, to all these different platforms, TikTok, real. So it's been however many years, like fourteen, fifteen years of knowing exactly how to talk to the audience Mhmm. And be relatable and grow brands and my own brands from Better, W, Anti Fund, MVP becoming the the biggest, boxing company in the last four years.

Speaker 2: Mhmm.

Speaker 4: And so I could do it from a personal side, but I also understand it from a corporate side. Mhmm. And I think a lot of the times, you know, these companies raise all this money. They have a big balance sheet. They're printing cash, and they get really corporate with their messaging, and they wanna create like a one, two, three, four million dollar commercial. Mhmm. And I think oftentimes, that doesn't reach the audience. And so it's actually just a lot of times telling them to be more relatable and to to scale down and to tell their story in a easier to understand way. And obviously, I'm summarizing and it depends on, like, what the company is. Right? We've helped companies market, you know, towards engineers because that, you know, there there may be just an engineering product. And so it's like, how do we appeal to that side of things? So each case is is different. Yeah, it's just second nature and I think been pretty helpful.

Speaker 2: Do you remember the first piece of content you ever created?

Speaker 4: I was born on camera. So my my and I didn't know that until, like, two years ago. My mom's like, look at this footage of you being born. I was like, oh, great. You've never shown me this? Like, what are we doing, mom? Like, you didn't this is great Barney story.

Speaker 1: The whole influencer

Speaker 2: era, you know. The first time well, the first platform you were on or the first series or the first, like, the first content where you're like, okay, this is I'm taking this seriously.

Speaker 4: Yeah. I would say it was Vine. So I downloaded Vine the first day it came out. It was promoted through through Twitter.

Speaker 5: Mhmm.

Speaker 4: I was like, oh, this is super interesting. And I just started making videos in, like, my cafeteria and school and just doing random stuff. I was like the class clown. I loved making videos. Me and my brother had been on YouTube Mhmm. Before that, just messing around, cooking up edits with our with our video camera and posting it on YouTube. So we were naturally kind of like good at making the content. And when Vine came out, I thought it was super cool. I got to, like, 40 followers. Everyone in the high school was like, this is hilarious. Your videos are funny. And then me and my brother got into an argument about, like, how to film a video. And I was like, bro, I have more followers than you. Like, shut up. 40 yeah, 40 followers and he had like 20. Bogged. And I mocked him so hard that day. And that's what that's actually what changed everything because the next day, he started, like, putting a ton of effort into his Vine videos. And I was watching him, I was like, oh, that was really good. Oh. Oh, he's really doing this. And then he got to, like, 80 followers. Uh-oh. I was at, like, 80. And then we just kept on putting more effort. And, like, two weeks later, one of the videos that we made went viral. And once we tasted that success, we both gained, like, 5,000 followers. We were, like, oh my gosh, we're famous. Like, is it. We're the coolest people ever. And and once we figured out that recipe of, like, the level it took to make a viral video, we just kept on cranking that level out and it just one thing led to another. And once we realized we could make money from it, I got paid, like, $200 for my first brand deal. Mhmm. And I was landscaping. I had my own landscaping company, and I was making $10 an hour, and I was, like, $200 for a six second video?

Speaker 2: No. I don't

Speaker 1: have to be in the hot sun.

Speaker 4: Exactly. And that was the motivation to just, like, take it even more serious.

Speaker 2: Has the nature of the competition between you and your brother changed?

Speaker 4: Yeah. I think when we were younger, it was, like, very intense and still there. And we were just, like, young, and it was actually good because there was no one else to compete with. We were the two biggest vloggers in the world. And so I was it was inspiration and competition at the same time. And then as we've gotten older, we're just, like, collaborative now, and we're we're on the same team. Obviously, he's a general partner in Antifund, and we work together on a lot of things, and everything that he does benefits me and vice versa. And so it's like building out a we're the testosterone Kardashians, essentially. It's just like, I any given day of the week, you gotta see one of our faces somewhere, so

Speaker 1: The Kardashians of testosterone. How do you how do you think about capacity? You've got a great partner in Jeff with Antifund, but, you know, multiple businesses. It feels like there's always some ceiling. Maybe you haven't found it yet, but, yeah, where what what's the limit?

Speaker 4: Yeah. It's a good question. I mean, every year, I've just, continued to compound since I was 16 years old. And I think it's just a testament to scale, team, having great partners on all different sides of the business and the best in class, from Gus, the best videographer in the world to Laura. And all all these people around are just top notch, and I think that's that's been a massive part of it. And then just continuing to, you know, see ahead and know where the ball is going. I think that's one of my best attributes is is being a a visionary and being able to pivot, move, change, adapt, and continue to grow my career that way. But, again, I think it just goes back to team, and I'm inspired by people like Elon, where it's like, how do you have, you know, four, five, six of the biggest some of the biggest companies in the world? And, obviously, he's a machine, and I don't stop. I work all the time around the clock, and it's like even if I'm doing something fun, I'm filming it to be posted as content. So, like, it's just nonstop grind for the past, you know, fourteen years and I just love hard work.

Speaker 2: What's the future of boxing in America?

Speaker 1: Yeah. That's an interesting category because it's not you're going up against, you know, the biggest the biggest names, the biggest balance sheets in the world competing over a market that historically hasn't been a monopoly, but maybe is, you know, there are some efforts to try to create a monopoly in that space.

Speaker 4: Yeah. It's not gonna work. You know, I think so many people have tried to take over the sport of boxing and it's just too diversified, too many sanctioning bodies with the belts, too many fighters and promoters and managers involved. And it's a sport that is always gonna be, you know, scattered across the board. And I think our strategy on that was essentially we're the WNBA of boxing Mhmm. Because we've cornered a market in women's boxing and believed in Amanda Serrano since day one. And that was really the test case to say, okay, we can make a woman a massive star and take her from making $500 a fight to $5,000,000 a fight. And no one is pushing women's boxing. They deserve to be pushed. Their fights are arguably more entertaining, especially than Floyd Mayweather for sure without a doubt. And we saw that and we were like, alright. Let's go after women's boxing because it's it's untapped. And now we have, you know, seven out of the 10 pound for pound best women fighters and, 40 overall, some of the best up and coming talent. And that's where we found a little bit of a niche, as well as being the leaders of working with Netflix. I think pay per view, there's so much piracy and so many issues with that. And so I was the first one to be like, alright. There was the TV era of boxing, then there was the pay per view era, and then I was like, now we're in the streaming era. And so realizing that we had to pivot the business model to be accessible where it's like if you have Netflix or one of these subscriptions, you're not gonna want you you don't care. You're gonna you're gonna pay the $7 a month or $10 a month or whatever it is now. And getting distribution that way, obviously, I'll probably still do pay per view fights here and there. But we're definitely moving into the the streaming era of boxing

Speaker 11: Tyson fight broke Netflix. Right?

Speaker 2: Did. Right? That literally broke the platform. For such a yeah. Storied engineering team over there for decades.

Speaker 1: How do you how have you approached negotiating with, you know, platforms like Netflix? Like, does your team look like for that?

Speaker 4: Yeah. So my my business partner and most valuable promotions, Nikhisa Vedarian, is one of the best negotiators in the world, but he was the CFO at, UFC when they they sold to Endeavor, and he helped lead the sale and was a pertinent part of their organization for many years. And

Speaker 1: So you think Dana took that personally?

Speaker 4: Oh, That's that's a whole big part of the beef. It's not just me, it's the fact that, yeah, Nakisa and I have have teamed up together. So, yeah, definitely a sore subject for for Dana. And, yeah, I think it's just having the relationships and making the right fights at the right moments, and we've also, you know, put on, amazing events and have great relationships with so many fighters, and so we're able to pull together the Ronda Rousey's, the France and Ghanous, the Nate Diaz's, the the Mike Perry's because we've always been fighter first. So people love working with us. We came into the world that was I I say it was like taxi, and we're Uber

Speaker 2: Mhmm.

Speaker 4: In the fight world. The way we run things is like start up professional, treating fighters right. We're on time. We're pay, you know, instantly. All all these little details, production, fighter kits, helping them, instant communication, social media tips, the list goes on. These things are all, like, super basic to to me and Nakisa, but in the fighting world, it's like, fighters will fight and then, like, not get paid for, like, a year. Mhmm. And the just like, there's so many issues in the sport. So just by running it like a proper SF startup, we've amongst many other things, but we that's where the why we've been able to become the number one promoter in the sport in four years when a lot of these other people have been doing it for thirty, forty, fifty years. I mean, Bob Arum, I don't even know that guy's, like, a 100 years old. He probably was alive when the t rexes were running around. So it's like just these small little changes are why we've risen to the top.

Speaker 1: How do you think the results of America two fifty are gonna impact the UFC? On on one hand, the the Gaethje story of, you know, coming back from this, you know, really brutal knockout a couple years ago to then, you know, getting getting the belt is amazing. But at the same time, in the process, he took out, you know, a rising global superstar. And so I can make an argument that it's good or bad for the UFC, but I'm wondering how you processed it.

Speaker 4: Yeah. Look, I think the event overall was great and great for fight sports in general. And it was such a entertaining show. So I think overall for all of MMA, it's a net positive, and I think it just depends how Aalyah comes back. Right? I mean, I think Conor McGregor has lost so many times, but his brand has, you know, stayed up there because he just keeps on fighting. He keeps on coming back. He keeps on trying. And so I think it's up to Ilya on that one, but yeah, Justin Gaethje is like overnight superstar legend and we'll see, you know, how far he can go from here at at his older age, but

Speaker 1: overall What's the mindset of a of of a fighter that's rising, you know, through the ranks? When you have a fight like Ilya just had, you're taking damage that's gonna probably stay with you in some capacity forever. Are fighters, like, pretty acutely aware that at any point you could take a beating that, like, you makes it a lot harder to come back from? I'm sure you've gone through.

Speaker 4: Yeah. Look, I think they're definitely aware of it. I think the thing is is that they're just addicted to the sport, and it's really all they know. And they're willing to sacrifice for that thrill and for that entertainment, for the love of the game. So, I don't think they necessarily care, and you know that going into the sport that it's that it's brutal and tough and rough on the body, and it's gonna affect your health potentially in the long run. I think people deal with the effects of injuries differently, but to each their own. And I I I think a lot of fighters know what they're signing up for.

Speaker 1: How did you process the enhanced games?

Speaker 4: I always thought it was dumb. True. From day one.

Speaker 2: And Why? Why? Sounds like a good idea. You take something Olympics is entertaining. You add steroids fueled with the fire. Like, this is Jorious

Speaker 4: The best people in the world like, you could take something, but the best people in the world are the ones who are the most dedicated to it for twenty years straight. There's no replicating that twenty year dedication just because Yeah.

Speaker 1: You take somebody that's, like, fifth best in the world, which seems not that far away from number one, and you give them all the PEDs, but the gap between five and and gold is actually so big

Speaker 2: Mhmm.

Speaker 1: That it you can give them again, give them a horse worth of testosterone and it's not gonna make up the difference.

Speaker 4: Yeah. No. And and again, I I believe that's what happened. I I didn't watch it. I I saw some clip outs, but I heard the production was was bad and that no one beat any records. And then I think

Speaker 1: till the very end.

Speaker 4: There were some but there were some, like, people who weren't on PDs that beat the runners. I don't know. But my fiance is Olympic gold medalist, and she was like, I if anyone she just won in Milan, and she was like, if anyone tried to, like, do the enhanced games to beat her, like, she was like, no one's beating me still.

Speaker 2: So Well, what about more broadly health maxing, looks maxing, peptides? Do you have a take on the current trend?

Speaker 4: Yeah. Look, I think it's amazing. Right? Like, you see, today, you know, they just launched the new imaging

Speaker 2: Yeah. Midjourney.

Speaker 4: Yeah. Midjourney Medical. It's like, the the world we're living in is so exciting, and I've Mhmm. Told my friends, you know, we we're in SF with the Merge Labs guys, and Alex Blania was like, yeah, we're all gonna live forever. Like, we're just gonna, like, transfer our mind into some robotic body. And so I think this whole, like, health

Speaker 2: Do you believe it?

Speaker 4: Yeah. A thousand percent.

Speaker 2: You do?

Speaker 4: Yeah. 100%. You think that'll

Speaker 1: be good for the fight game? Because I feel like there's a lot of insane athletes out there that would be incredible fighters, but they're just not willing to take that level to make the sacrifice, to take that level of damage. And if we can solve, you know, CTE and and, you know, some of these other things, it could actually make the the most violent sports

Speaker 4: I don't think so. I think if someone's like afraid of getting hit in the first place, they're not gonna be a good fighter when they're like, even if they transfer into a robotic body. But also, don't think it'd be entertaining. I think, like, I'm I'm very, you know, long on traditional human sports Sure. Terms of a business model because the story is what matters and everyone's on the same playing field. So when you put in like robots and all these perks and extra things and blah blah blah, I I don't think people will enjoy it as much.

Speaker 1: What's your timeline to a humanoid being able to beat you in boxing?

Speaker 4: I'm sure very soon. Like, I mean, bro, if I'm going up against some metal robot, like, I'd probably lose, so.

Speaker 1: I know. But but but speed speed matters.

Speaker 2: The will. The human spirit.

Speaker 1: The human spirit. You're the human spirit.

Speaker 4: Yeah. I think a computer There's no spirit. They just don't even feel the pain. Just like straight up robot. Yeah. It's like iRobot in real life. Yeah. Yeah. It's happening right now.

Speaker 2: What what about on the investing side? How much of your current thinking is like software only singularity invest in the token path versus stuff like bio, health, defense, tech, hardware, robotics, all the next gen stuff that's maybe not product market fit, not billion dollar ARRs yet, but interesting.

Speaker 11: Yeah. I think it's really both. Right? So we're pretty AI maxes here. Sure. So we're in open AI Yeah. And then going down that stack. Right? So you go down the inference providers like the models Sure. And you go to semiconductors. We're in Etch, which is an inference Oh, yeah. ASIC.

Speaker 2: I love Etched.

Speaker 11: We just did Helion, which is

Speaker 2: Oh, yeah.

Speaker 11: A fusion company. I think, in some sense, I think that software game is gonna be won by an open AI anthropic SpaceX. Sure. Google. Yeah. Maybe about cognition and some of these like

Speaker 2: Yeah. Like The power law is being realized. Yeah.

Speaker 11: Because I think there's just so much capital for just all the compute

Speaker 6: Sure.

Speaker 11: The models are getting bigger and bigger. Mhmm. So I think, I mean, partly we're we're here to just visit Olsagundo as well, right?

Speaker 2: Oh, sure.

Speaker 11: Show. So I think it is like defense tech, robotics, manufacturing. Yeah. Energy. I think getting to atoms is more and more important.

Speaker 2: Yeah. Going forward.

Speaker 11: And then secondly, I think bio cross AI is also very very new. I think we're just texting with Sam Altman. He's like, yeah, we're we're like it's still really early. Like, he wasn't like, hey, there's like obvious.

Speaker 2: Yeah.

Speaker 11: Like, there yet. So I think in terms of like, finding that next wave, I think that will be robotics Mhmm. Hardware, bio.

Speaker 1: Mhmm. What about celebrity brands? What's your framework for a successful celebrity brand?

Speaker 4: Yeah. I mean, think we're not as excited around those often. I think it has

Speaker 1: leave it to me, buddy.

Speaker 4: Yeah. Exactly. No. Seriously. And Yeah. I think it's unless it's like the Kardashians or someone at that level, then it's, you know, very difficult. So we've been way more selective and then, you know, there's just way more upside on the on the tech and software side of things versus, like, CPG. Mhmm. And that's where we're spending our time. Right? We're we're fiduciary.

Speaker 6: So Mhmm.

Speaker 4: At the end of the day, and for our own money. So at the end of the day, it's like, where's where's time best spent? And that's that's really how we think about it.

Speaker 11: Will you I think to me like Celeb is just like a solve for distribution. But I like but I think

Speaker 1: But it's not a full solve.

Speaker 2: Because Like distribution is a flywheel.

Speaker 11: It's a half solve for distribution.

Speaker 2: It's not convert a million people over to this one time. Yes. It's how are you going to continue to grow

Speaker 11: I think product is actually most important.

Speaker 2: Yeah. I

Speaker 11: think choosing the right market and the right product is everything. Distribution is just gasoline on the fire. Mhmm. And then, think second, I think Jake is actually very special as a celeb entrepreneur. Right?

Speaker 6: Like Yeah.

Speaker 11: His story of just like, you know, being a landscaper. Right? Like, think a lot of celebrity folks that we've crossed paths with. Right? They were really good at singing or dancing or playing a ball sport

Speaker 2: Yeah.

Speaker 11: Since they're like 13. Yeah. So they never actually had to like actually like hustle their first brand deal. Actually think about business.

Speaker 2: Yeah. Tell a story.

Speaker 1: Yeah. Or they or they're well known but they don't have an an owned audience. Right? Correct. Like, it's very different, like, somebody that's posted every single day for, you know, fifteen years

Speaker 11: why, like, NFL players are very hard to cross over because, like, one, their face is not even recognizable because they're in helmets all the time. And then two, the NFL owns their distribution. Right? Like NFL is their distribution channel. They don't have an audience that they're used to speaking towards on a daily basis. So I think the Internet generation folks are interesting because they own that distribution. I think I'm lucky to work with Jake because I think Jake has the hybrid of both. Mhmm. Right? Like, he's mainstreamed on the Netflix platforms as a professional athlete and has a respect Mhmm. Of actually being good at a craft Mhmm. And an art and a sport. Plus, comes with like a what, like, 200,000,000 followers across different channels. Yeah. So I think that's where it's like like an experiment for us, where it's like, okay, we have a a touch into mainstream, a touch into Internet, and then I think there's also just like a hardcore capitalism. Like heart that we're like, hey, how do we monetize the opportunity set?

Speaker 2: Are are haters a source of strength? We were talking to Alex Karp about this. He says, all the AI leaders have only haters, no fans. Mhmm. And he was saying, I at least have fans. I have a lot of haters and I have fans. Are haters a source of strength? Do you in the fullness of time, are you glad you have both fans and haters?

Speaker 4: Yeah. 100%. You know, I don't think anyone who does good things in this world or big things in this world doesn't have haters. I mean, it's the it's the day one story and I honestly, you know, since day one, when I first went viral, the video I was talking about like, I instantly Yeah. I instantly instantly people in my school started hating. It's like I don't even I don't even remember life without hating. Yeah.

Speaker 1: Your your mom, you know, took that video when you were born. I'm sure some of the nurses were like, yeah, this kid Yeah. Yeah. No.

Speaker 4: You have to have it and, you know, good news travels fast, bad news travels faster and the haters actually will talk about you more and say bad things. But at the end of the day, people don't really remember what was said. Mhmm. They just remember your your name and your face. Mhmm. And so you could do with that what you want, and, you know, it's really they're adding to the algorithm at the end of the day. So it's really just math. Mhmm. And if you just have fans that are saying things, you know, let's say that's 10,000 people, but add 10,000 haters in there and now 20,000 people are talking about you, and it just adds to clicks, views, talk, trending.

Speaker 2: Mhmm.

Speaker 4: So that's the way I've always looked at it. And, yeah, the the biggest and best people in the world all are also the the most hated.

Speaker 2: Ferrari Lucha has a lot of haters. Will you be getting one?

Speaker 4: Say it again?

Speaker 2: The Ferrari Lucha. Oh, The new electric vehicle from Ferrari. Are you in the market? No.

Speaker 1: You gotta be careful because if you want any of those halo cars, you know, this is gonna be permanent.

Speaker 2: This is permanent.

Speaker 1: I wanna say I I know you might want a f 80 at some point. You gotta be really care. I just want you to be really careful This with this

Speaker 4: is a political answer. No comment. Okay. That shit's us. No comment. No comment. No comment. Oh, well.

Speaker 2: It was a lot of fun. Well, thank you so much for coming on, Dan.

Speaker 1: Yeah. Congrats on the new fun. Congrats. Thank Have fun down in El Segundo. Hopefully, our best to everyone. At the South Bay. I'm sure you guys are gonna be spending a lot of time there post SpaceX IPO. It's just gonna be more and more action.

Speaker 2: Yeah. 100%. Let me close out by telling everyone about the New York Stock Exchange. Wanna change the world? Raise capital at the New York Stock Exchange. We were off for a couple days. We'll see you back at eleven Yeah. Is an IPO next week.

Speaker 1: Is an IPO like on the It could happen. On

Speaker 4: We got some ideas of things. We're cooking, dog.

Speaker 1: We're cooking.

Speaker 2: Flashbang out. Leave us five stars on Apple Podcast and Spotify. Sign up for a newsletter at tbpn.com and thank you for tuning in Goodbye.

Speaker 4: That's it. Perfect.