WEBVTT

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Thank you all for sticking around this
afternoon. We had some great conversations and

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we're hoping to have another great one. It is my pleasure and an honor

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of privilege, really to have this
conversation about the future with two gentlemen who

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know probably more about it than most. The fellow all the way to my

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right to your left does not need
any introduction. Elon Musk. You all

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know from Tesla and SpaceX, of
course from Solar City, Sam All and

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I would say you don't need too
much introduction either, but I'm going to

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give it to you just in case
you don't. He runs why Comminator.

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Why Comminator has investments in over one
thousand companies at this point. They're investing

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in about two hundred fifty companies every
single year. Those companies collectively are worth

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about sixty five billion dollars in total. That's with a B. And to

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give you just a sort of a
sense of the kind of names you're talking

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about, we're talking about Airbnb,
Dropbox, Stripe, Zenefitz, Instacart,

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etc. So both both folks with
an amazing pedigree and an amazing sense of

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what's going on. Here's I want
to start the conversation with both of you,

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and I think we're going to probably
go to outer space very quickly,

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but we're going to try to keep
it on Earth at least for the moment.

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When you think about innovation and you
think about where we are going to

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be ten, fifteen, twenty years
and what to invest in, what to

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make I'm going to make it hard
for you, Elan. If you took

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Tesla out of it, took Solar
City out of it, took SpaceX out

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of it, and you said I
could go start a new company tomorrow,

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it would be what it would be
in? What area? Where would you

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start thinking about? Well, I
think I think there's some pairy like there's

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a fairly obvious opportunity in electric aircraft
because all transport will electrify over time,

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with the exception of rockets ironically,
And you know, but there's I mean

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that there's I think there's there's two
areas which I mean they're fraught with issues,

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but you know, it's one of
those things where if you if you

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don't do something, maybe not doing
something is worse, like on the AI

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front or on genetics, you know, so like like the those are the

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two things I think besides sustainable transport, the Internet and making like multiplanetary rewriting,

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genetics, uh, and AI.
But the latter two are the ones

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that can most change destiny of humanity. But but they're they're really dodgy.

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So I mean, maybe I'd try
to do something in one of those two

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areas, but they're yeah, fraught
with difficulty. Elizabeth Holmes was here earlier

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spoke during the lunch hour. Do
you think about genetics and longevity and trying

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to sort of know what your your
friend Larry Page is investing in a business

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hoping to end death. I don't, I mean the I mean, I'm

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not actually a huge proponent of longevity. I mean I do think that having

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a good life for longer is better. Like you'd want to address the you

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know, the things that that happened
to you when when you're older, like

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dementia and so forth, that those
are pretty important. But I'm not I'm

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not sure it's sort of actually you
want to do that. I want to

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get into the genetict thing, but
it is something that's going to fundamentally change

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humanity and a lot along with AI. So you don't want to live forever

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so that you can get to Mars. I definitely don't want to live forever.

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How many years do you want to
live? I don't know. One

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hundred good ones, one hundred good
ones or a hundred more good ones.

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You're forty four, I mean one
hundred good ones in total, I think

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is probably fine and maybe a bit
longer. Sam. Where where would you

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put your money? You're you're the
investor here. Well, I mean we

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try to invest in a very broad
range of technology. So we funded an

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electric airplane, or fund an electric
airplane company. We've done a companies we've

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done. How are you listed?
Is the electric airplane? By the way,

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I think it should work. I
mean I think it's like it makes

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it makes sense. Yeah, the
math should work, I think I actually

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I no huge surprise, but I'll
agree with Elan on those two areas.

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I think if you could pick two
things that I'm not already working really hard

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on AI, having AI go in
the positive direction, which I really think

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it can, and I think thinking
about sort of genetic technology. Genetic technology.

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I made it unfair for you because
I said, we had to take

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solar City out and we had to
take the cars out, so we didn't

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get to really talk about energy,
but I imagine how big, how big,

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how big a thing do you think
energy all in and when you think

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about both of your investments in what
you're doing, is something that is one

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of the things that you need to
tackle. Well. I think sustainable energy

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is the most important problem that we
face the century. That's like a known

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difficult thing that we have to solve. Like if we if we continue to

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rely on burning hydrocobbins, the future
is going to be quite bad. And

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the vast majority of the scientific establishment
believes that. And the evidence I think

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is well, I mean, anyone
with a scientific background is unequivocal. So

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we've got to solve sustainable energy.
I'm a big kind of solar because we

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got this big few usion ball in
the sky called the Sun and it turns

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up every day. So if we
can use solar energy plush batteries, we

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can actually have a complete solution for
sustainable energy generation. And then we need

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to use in a sustainable way,
which is you know where you need the

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electric transport. Yeah, So the
thing I would ad I think getting the

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cost of sustainable energy down super low
is probably you know, short of friendly

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AI, Like the most important thing
we can do for sort of quality of

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life of the poorest half of the
world. I think that, you know,

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every time I look into this,
it's really amazing how much the cost

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of energy and the quality of life
correlate. What about nuclear energy, You

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have some investments in nuclear energy.
Yeah, I mean, what I've always

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said is I think the end state
of the world is a combination of nuclear

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and solar, probably eighty twenty one
way or the other, sort of terrestrial

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based nuclear. I think fusion is
likely to work at some point in the

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next couple of decades, and that's
a really big deal. I think that

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it's good to have a backup op. It's good to have two sources.

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But you know, like it's all
sort of fusion when you think about it.

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Yeah, I mean, I'm a
big I mean, I think fusion.

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I think it's definitely possible to make
fusion work. But I think at

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the and I used to be a
big fan of of like having of that

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as the long term energy source,
but I'm inclined to think like indirect fusion

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from the sun. Essentially it's going
to be the primary source, and then

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to some degree there will be fusion
reactors for you know, maybe if you're

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really far north or which are south? What about the risks of nuclear energy

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A fusion, A fusion, I
assume there's some risk. There's no risk,

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not really zero. I'm an idiot. I don't know, no,

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No. With fusion, the difficulty
is keeping it going not you know,

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with with with fission that you have
some melt down risk, although there's you

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know, there's new technology on the
fission front that makes the melt down risk

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extremely low. But with fusion,
the great difficulty is keeping the reaction from

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is keeping it from the fire from
going out. It's quite hard to sustain

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a fusion reaction unless you have something
very big like the Sun, and you

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have the Sun has gravitational confinement of
fusion reaction. So since you you can't

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do gravitational confinement on Earth, you
have to do some sort of electromagnetic confinement

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with one form or another, or
or a kinetic confinement by slamming things into

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each other. So it's it's quite
tricky to prevent a fusion explosion from not

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immediately extinguishing God. So fusion is
like, uh, I mean probably what

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you do is just repeat it every
second or whatever. So I mean,

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just just a sort of. You
know, fusion is like when you when

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you take two hydrogen atoms or or
or two hydrogenal isotopes technically and slam them

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together and form helium. That's that's
fusion. And then fission is like when

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you've got like a heavy atom that
is decaying at a you know, relatively

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like a noticeable rate, like uranium
or plutonium, and decays into smaller atoms.

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Then that's that's that's fission. I
didn't do so well in science,

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so we're going to try to move
along. But you recently said that you

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wanted to nuke Mars. I mean
I didn't know then you guys in the

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back were doing some science talk about
how nuking Mars would work. Yeah,

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yeah, so so nu king Wars. I sort of was a little flippant

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about that. I think it's a
really decent idea. Thank you, thank

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you. So yeah, the what
I was really getting at, But it's

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hard to you know, convey that
in like at thirty seconds, you know,

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on on the Lake Show, SI
in Colvera was was that the sun

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is a nuclear explosion, a fusion
explosion. That's what the sun is.

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It's an ongoing fusion explosion. So
if you wanted to add energy to Mars,

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like warm up Mars. The really
the source of almost all energy in

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the universe is fusion, you know, even fission is originally there was fusion

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and then that that that then later
resulted in fission. But what I was

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really doing about is creating two little
suns, two pulsing suns above the north

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and south pole of Mars that would
warm the pulse up enough so that the

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frozen CO two would would gasify and
densify the atmosphere. Some of the water

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would also heat up, and you'd
have sort of water, more water,

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water, vapor, and CO two
in the in the Martian atmosphere, which

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in that case is good because the
CO two ends up warming, warming Mars

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up, and so you get a
positive sort of reaction, like it's a

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puzz stive cycle of warming on Mars. Like you want to warm Mars up.

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You don't want to warm Earth up, you know, So why would

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you ever want to live on Mars? It looks like a great adventure to

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me. Beyond the adventure, do
you actually both of you you you're investing

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in stuff that hopefully one day we'll
go to Mars nothing from Mars. But

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excuse nothing from Mars. But I
but I hope elong goes. I think

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that would be cool. But is
that just for one person? What's gonna

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happen? No? Really, I
want to well, I mean the Mars

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thing is is really like if you
say, what is going to be really

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important to the preservation of of civilization
or life as we know it more than

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just you know, humanity, because
of course we would bring life as we

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know it to Mars and that there's
no life that we can detect on the

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surface of Mars to maybe some subterranean
bacterial life, but there's not it's on

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the surface there there isn't anything.
So this would be the extension of life

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to another planet, or life as
we know it to another planet, and

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I think would be make a huge
difference to the probable a lifespan of human

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civilization and life as we know it. So it's sort of like an insurance

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policy, a life insurance policy of
life collectively. And you know, so

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it's yeah, probable because you because
you think global warming, what do you

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what do you think is going to
happen here? That's I do want to

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be clear, it's this is this
is a. I mean, I think

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it's important that we become a multiplanet
species, not a single planet species,

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but on another planet. So this
is if we it's like, really,

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it's like, what kind of future
do you want to have? Do you

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want to have a future where we
are forever confined to one planet or one

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where we are out there exploring the
stars and and on on many planets.

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And I think the latter one is
far more exciting and inspiring because the former

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is basically waiting around until some extinction
event. So because eventually there will be

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one and it might be quite far
in the future, but it also might

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not be far in the future.
So there's so there's the there's really two

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main reasons I think to make life
multiplanetarian to establish a self sustaining civilization of

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Mars. One is the defensive reason, to ensure that the light of consciousness

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as we know it is not extinguished
or lasts much longer. And the second

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is that it would be an amazing
adventure that we could all enjoy vicariously,

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if not personally. I think it's
really important to establish multiplanetary life. I

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agree with that. I think my
concern is that the I think the AI

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question is likely to become pressing and
important to deal with before we can establish

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a full colony on Mars. That's
true. I think even if not,

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then the AI can like go to
Mars on a laser beam. The AI

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goes here. It's very hard that, I mean, it's like just gives

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itself there. Yeah, I mean
it's very hard to like a programing through

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space. But the AI is going
to go like twenty minutes, you know,

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on a laser beam, It's easy. Do you guys believe in life

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forms outside of Earth? Do you
think there are? I mean, I

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think there's there's quite a high chance
of microbial life. That's there's a much

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that then as you get more advanced
in life, that that there's less and

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less likelihood of of like sophisticated life. But you do you think there's Do

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you think there are aliens out there
that we can talk to? You mean

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as opposed to like bacteria. Yeah. Yeah, there's a great Onion article

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recently about like, you know,
uh, like like NASA should only hold

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a press conference if they find aliens
that we can talk to. But but

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I think it's a I mean,
it's it's an interesting confluence of events.

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Like it's not just that there has
to be life, intelligent life that evolves

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somewhere, but that that life has
to last for a long time for us

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to be for us to exist at
the same time as that. So what

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it suggests there's this great questions called
the like sort of the Fermi paradox,

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like where are the aliens? Like, if there's so many planets out there

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and the universe is almost fourteen billion
years old, why aren't the aliens everywhere?

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And this is one of the most
perplexing questions because you know, you

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could basically bicycle to Alpha Centauri in
a few hundred thousand years, like I

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meaning at that's at bicycle speed.
So it's sort of like, you know,

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in one hundred billion years, like
even at a very slow speed,

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you could completely blanket the galaxy.
So why why not? Where are they?

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It's very hard for me to get
over there right now. Well,

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we were talking in the back and
we've had this conversation before. You please

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weigh in on this, and I
think it's a thought experiment that you have

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suggested that we are all collectively right
now living in a simulation. What does

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that mean? Yeah, it's a
probabilistic thing. So they really if you

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look at say the advancement of video
games from say forty years ago, when

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we started out with Pong and you
just had like rectangles batting a rectangle to

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each other. And now we've got
photorealistic three D simulations with millions of people

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playing simultaneously, or three D games
with millions of people playing simultaneously that are

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just getting better. Now we've got
virtual reality headsets, so you can just

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put it on and it feels like
you're right there. You'll have haptic feedback,

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meaning four speedback sticks so you can
actually pick up something and feel like

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you're picking up something, like have
haptic gloves. And if you extrapolate that

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advancement at any rate at all,
like if you say, okay, let's

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say it's it slows down by a
factor of one hundred starting right now,

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Okay, so then then then I
mean the video games will be distinguishable from

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reality. And let's say you know, two hundred years instead of twenty years

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or something like that. But you
don't think that we're in a game right

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now. Okay, Well, but
that's this is this like that we are

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all somebody has a joystick somewhere else
in some other you know, where I'm

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certainly doesn't feel like that. I
mean, I don't, I don't.

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I don't think I'm being played by
somebody in a video game. But then

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people in video games don't generally think
that. I certainly think if you talk

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to people who use the latest virtual
reality equipment in sort of a big space

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where they sort of map like benches
in the space to benches in the game

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and the environment, you know,
they have this experience when they do that

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for the first time and they take
it off and then they just freeze for

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ten seconds and you can and then
you talk to them, and it's clear

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that like they their belief that this
is actual reality has been shaken because they

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were so convinced in virtual reality that
that was real. And so if I

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can take this off, like,
why aren't there other layers? I also

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think it ties interestingly back to the
Fermi paradox. Yeah, exactly. You

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know, if it is a simulation
sort of that would be a pretty good

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answer for why they're an all aliens. How far are we away from sort

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of virtual reality being a thing that
all of us sort of live in to

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some degree? We would go to
this com real close. We would go

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to this conference from our VR sets. I mean, I don't think it's

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there's still something to actually really being
there in person that we probably won't lose

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for for a long time, hopefully
never. But I mean with what Oculus

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and Velove are coming out with,
and I believe some of that, like

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the first br headsets are due out
really next year, yeah, like in

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the next several months. And the
demo is that that I've seen and I

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think Sam's probably seen too, are
incredibly compelling. And there is that strange

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feeling because because you put the headset
on in like a very nondescript Bland room

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and you put the headset on and
suddenly you're in anywhere like you could be.

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Yeah, you know, I got
this demo where they would like blow

246
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air on you when you like got
near a cliff edge, and when you

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walk near a fire, they would
turn on the heater and you didn't see

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any of this because you're just wearing
it and then you and it's really quite

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quite compelling. I want to talk
about something else that's compelling, which is

250
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Tesla. It's really nuck about the
X. It's an suv. It's an

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suv. But here's where I was
going to say, one hundred and thirty

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two thousand dollars, how many people
are really going to buy this thing?

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Yeah, So the the first cars
that are produced off fully the sort of

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fully optioned version, so it's not
like a base price of you know,

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one hundred and thirty two thousand.
It's and we'll have a version that's still

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expensive on the expensive side, but
before any incentives would be about seventy five

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K next year, and you know, with incentives and whatnot, it's you

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know, maybe sixty five So it's
it's still expensive, but it's not as

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crazy as one hundred and thirty two
the and then in a couple of years

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we should have the Model three and
that'll be starting price of thirty five thousand

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dollars. So it's a smaller car, but it's you know a lot more

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affordable. Okay, So for the
Tesla sort of real efficionados who follow you

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on Twitter, you need you need
to answer one thing, which is last

264
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week somebody tweeted at you, I
think about the X, and then you

265
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put out a tweet that mentioned the
Y and the three and then you deleted

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the tweet. Yes, everybody wants
to know why you deleted the tweet and

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what the tweet actually said. I
know, I think I think it was.

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It just said something like the be
the Muddle three and the moddel why

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and that one of them will have
like a felcing door, which is like

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pretty obviously the moddel why so the
but I deleted that, and like,

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I don't know it does know the
tweets because I just thought I had like

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kind of a rambling Twitter history,
but it was had no significance. That

273
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lead has no significance, Like I
don't think deleting a tweet like makes it

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go away from the Internet or something, So why why delete tweet? I

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just didn't like what the way my
Twitter history looked. It was. It

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was like two rambling. You've invested
in Twitter, IM in Twitter, in

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Tesla. You own a Tesla,
make the case for those who are out

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there, make it harder because he
has to do it. Now, why

279
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what is this going to become in
your mind? You sure you don't have

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to answer, Yeah, we know
what you're going to say. Look,

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I mean I think as most people
who own one think it's the best car

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like out there. I had a
Roadster before I test the Roaster, which

283
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was not the best car, but
the model Assue really is like it's just

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it's the best car on the market. And I think that people think of

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this like existing car companies, but
actually this is like a software company with

286
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a car attached to it, and
it's you know, you just like you

287
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sort of point and click, you
like point the wheel somewhere, you push

288
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the thing down and it just kind
of gets there. It doesn't make noise.

289
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It's like it's very reliable. The
software actually works. It's the only

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car with good software, So I
think people really like it. Now.

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Yeah, it's like really expensive still, but I think, well, I'm

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confident that a mass market test sole
will do very well. And I also

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think the other electric cars I've driven
feel like many years behind. Right,

294
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you talked about this being a software
company. Do you think of your self

295
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as a software company. I think
we're software and a hardware company, But

296
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the software component does become increasingly important. So you've got to get both right,

297
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because it's it's a holistic product experience, but its software is increasingly the

298
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you know, an increasing proportion of
the problem tool as you get to autonomy,

299
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and yeah, so there is a
view. I don't know if it's

300
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a conspiracy theory that you are building
autonomous functionality and other driver lests like functionality

301
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into the car without advertising that it's
in there, and that one day you

302
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were going to flip a switch and
the car is going to start just driving.

303
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Well, uh no, not quite
like that. But we are going

304
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to upload new software soon. And
this is not actually a secret or anything.

305
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We have version seven of our software
which turns on highway autopilot, so

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the car will be able to steer
by itself on highways or any kind of

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any kind of road that doesn't have
really steep, sharp curves on it.

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And then also it'll steer quite well
in traffic. So those the two scenarios

309
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where it's going to be quite good
at steering. And well that that's in

310
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public beta right now. So we
have I don't know, six or seven

311
00:24:15.039 --> 00:24:25.240
hundred Tesla drivers owners that are testing
the order to steer software, and yeah,

312
00:24:25.680 --> 00:24:30.359
go ahead. I think full self
driving cars, I'm not Tesling specifically,

313
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just in general, are likely to
get here much more quickly than people

314
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realize. Yeah, I think you
ask most people, they would still say

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it's ten to twenty years away,
and I actually think we'll have sort of

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like full point to point autonomous driving
in a few years. It won't be

317
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yeah, a few years, like
two or three years, three or four

318
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maybe better. I agree. I
think that's something on the on the two

319
00:24:49.720 --> 00:24:53.720
to three year timeframe is likely for
it to be technologically, I mean,

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you'll be able to demonstrate it,
but it won't you won't be able to

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go to fully autonomous until get regulator
regulatory approval. So there's there's a there's

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00:25:03.519 --> 00:25:10.599
a time of difference between when it
is technologically possible in a general sense,

323
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you know, so that you know, not not just like in a very

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tightly mapped situation like say mountain view
of Palo Alto, right, but in

325
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the general sense of like you know, can can do point to point virtually

326
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anywhere. Right. I think that's
that's only you know, two to three

327
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years away. But but then approval
of from regulators of having a few autonomous

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is anywhere from I don't know,
one to five years after that, depending

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upon the location, because the regulars
regulators have to be convinced that it is

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substantially I think they'll they'll want you
to see that it's significantly more Uh,

331
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the signific significantly safer than than cars
that are driven by people. I want

332
00:25:52.599 --> 00:25:55.480
to open it up in about five
minutes, so I just have a couple

333
00:25:55.480 --> 00:25:57.039
more questions to get to you.
And so if you guys have questions in

334
00:25:57.079 --> 00:26:00.680
the audience, get your shot on
goal. And in just a second,

335
00:26:00.839 --> 00:26:03.799
I want to talk about an entrepreneurship
because both of you are entrepreneurs. You

336
00:26:03.880 --> 00:26:06.920
invest in them. You are one, and you think about this a lot.

337
00:26:07.640 --> 00:26:12.680
Your old pal, Peter Thiel likes
to say that he would not invest

338
00:26:14.359 --> 00:26:18.640
in somebody who's over the age of
thirty years old, that that it should

339
00:26:18.640 --> 00:26:23.559
be the cutoff. You're forty four. Now he's invested in you. Yeah,

340
00:26:23.720 --> 00:26:26.440
I guess it makes excepse. But
you may be the exception to the

341
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rule as somebody who invests in companies
every day. Do you think there's a

342
00:26:32.440 --> 00:26:33.920
cutoff, But there's a lot of
people out here who are over the age

343
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of thirty. Are we done?
I mean we've said this before, but

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when we've looked at our data,
the mean age of entrepreneurs we fund is

345
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just around twenty nine to thirty.
So there's obviously lots of over thirty entrepreneurs

346
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that we fund. Someone which are
gone on to create multi billion dollar companies.

347
00:26:52.119 --> 00:26:55.240
So I think certainly you can't say
it's impossible for people over at thirty

348
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to create companies. That's ridiculous,
and we plan to continue to invest in

349
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people of all ages. The correlation
that we've noticed is that if you look

350
00:27:03.359 --> 00:27:07.720
at the really successful companies we've had, the multi billion dollar companies, the

351
00:27:07.119 --> 00:27:11.359
average for those average age for those
founders does skew significantly younger. But the

352
00:27:11.400 --> 00:27:15.319
success rate of founders of you know, this binary is the company's success are

353
00:27:15.400 --> 00:27:18.880
not excuse older than thirty. So, you know, younger entrepreneurs, I

354
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think tend to take bigger risks.
Maybe they're willing to work on these very

355
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long time horizon projects. But that's
the only correlation we see. I think

356
00:27:29.960 --> 00:27:32.319
it would be a crazy strategy to
say I'm never going to invest in anyone

357
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over thirty. Yeah. No,
I mean I think I think it's I

358
00:27:34.839 --> 00:27:38.160
don't think Peter meant that either.
Yeah, I mean, you can definitely

359
00:27:38.160 --> 00:27:41.319
start a company at any age and
be successful. I mean it's really just

360
00:27:41.720 --> 00:27:45.400
a question of like do you you
know, do you have a good idea,

361
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are you working really hard? Are
you able to attract a great team

362
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and motivate the team, and that
I mean that that's sort of really what

363
00:27:55.079 --> 00:27:57.200
matters. But you've had multiple ideas. And there's another view, by the

364
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way, which is that you can
only really have one great idea, right

365
00:28:00.799 --> 00:28:04.640
that everybody sort of has maybe maybe
one grade. I started really the idea,

366
00:28:04.720 --> 00:28:07.559
you know what I mean, Like
there's adult saying it's one percent inspiration.

367
00:28:07.640 --> 00:28:11.759
I think in nine nine per perspiration
I think is generally true. I

368
00:28:11.759 --> 00:28:15.640
mean a lot of times companies start
out with with with an idea that's actually

369
00:28:15.640 --> 00:28:22.519
wrong, but they adapt quickly enough
to get it to something that that's right

370
00:28:22.759 --> 00:28:26.480
right, And I can say like
at the beginning of Tela, we started

371
00:28:26.519 --> 00:28:30.039
out with we started the company with
two false premises like that would turn out

372
00:28:30.039 --> 00:28:37.200
to be like really dumb. One
was that we'd be able to license the

373
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drivetrain technology from a company called AC
Propulsion in southern California and that it would

374
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just work. That didn't That totally
didn't work. And then we also thought

375
00:28:48.039 --> 00:28:52.079
we'd be able to adapt the Lotus
else chassis at low cost and be able

376
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to essentially put the AC Propulsion drivetrain
technology in a Lotus lease chassis and then

377
00:28:59.200 --> 00:29:03.400
just build that quickly and and sell
it, and that it would that that

378
00:29:03.400 --> 00:29:08.279
would be okay. But but like
I said, the AC propulsion technology did

379
00:29:08.279 --> 00:29:15.799
not lend itself to any any kind
of cost effective, reliable car. It

380
00:29:15.880 --> 00:29:19.599
was okay for like a small prototype, but not not for a commercial product.

381
00:29:21.200 --> 00:29:26.799
And and the and then the lotus
e lease that that ended up being

382
00:29:26.839 --> 00:29:30.640
worse than if we had designed a
car from from the beginning, because we

383
00:29:30.839 --> 00:29:37.200
ended up changing like ninety six percent
of the components in the car and invalidating

384
00:29:37.200 --> 00:29:41.279
all of the crash results and all
the safety stuff. The car ended up

385
00:29:41.319 --> 00:29:45.880
being thirty percent heavier, had to
be longer, and it ended up being

386
00:29:45.920 --> 00:29:48.559
like like if you if you want, if you had a house in mind,

387
00:29:48.640 --> 00:29:52.400
and instead of actually building a house
from scratch, you got some existing

388
00:29:52.440 --> 00:29:56.960
house and ended up knocking everything except
one wall in the basement out, and

389
00:29:56.960 --> 00:30:00.000
and it would have been better to
just build a house from the beginning,

390
00:30:00.480 --> 00:30:04.839
the house you wanted. So so
it basically Teesla was started on the basis

391
00:30:04.839 --> 00:30:10.440
of two dumb ideas, and we
managed to you know, it was a

392
00:30:10.440 --> 00:30:14.039
tough one to overcome those two issues, but we managed to get get past

393
00:30:14.079 --> 00:30:17.960
them. That's so, that's I
think the more important thing is like start

394
00:30:18.000 --> 00:30:22.319
somewhere and then you know, really
be prepared to question your assumptions, fix

395
00:30:22.440 --> 00:30:26.839
what you did wrong, and adapt
to reality. How did you run two

396
00:30:26.839 --> 00:30:29.720
companies at the same time? Jack
Dorsey is about to take this on in

397
00:30:29.720 --> 00:30:32.160
a meaningful way? What is that? What is a day in the life

398
00:30:32.160 --> 00:30:37.160
of Elon Muscar actually look like?
Yeah, I wouldn't recommend running two companies.

399
00:30:40.720 --> 00:30:49.400
It really it decreases your freedom quite
a lot. So and and I'll

400
00:30:49.440 --> 00:30:53.519
tell you what, So, my
day is probably a bit different than people

401
00:30:53.559 --> 00:31:00.680
think it is. Most of my
time is actually spent on engineering in design,

402
00:31:00.920 --> 00:31:03.400
so that's probably I don't know,
like seventy percent of my time.

403
00:31:06.160 --> 00:31:11.160
Like propressed stuff like this is maybe
two or three percent of my time.

404
00:31:11.200 --> 00:31:15.079
It's really really tiny, and I'm
going to reduce it even further. It's

405
00:31:15.079 --> 00:31:17.359
probably like one percent of my time. So