All-In

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg × Jake Paul × Drew Taggart × Alex Pall

Jake Paul is turning owned attention into distribution and talent infrastructure, citing 138 million Netflix viewers for the Mike Tyson event and 400 MVP fighters.His $100 million Anti Fund and The Chainsmokers’ fund target venture economics, but later tranches priced at two or three times earlier valuations without operating improvement leave realized DPI—not TVPI—as the test of Chamath’s bubble warning.

Adam Foroughi

AppLovin is extending a roughly $50B mobile-gaming ad market, with platform ad spend growing from $11B to about $20B, into e-commerce discovery.Its April 2023 deep-learning model improved advertiser performance and enabled scaling, while roughly $6B in buybacks retired 20–25% of shares after a 92% drawdown.Discovery may expand activity beyond Google Search, but stated 84% EBITDA margins depend on differentiated data, complexity and scale.

David Friedberg × Ryan Cohen

Ryan Cohen’s eBay thesis pairs $2 billion of cost reduction with live commerce and in-game-item trading, using eBay’s global marketplace and GameStop’s 1,600 stores as complementary infrastructure.The 50% cash, 50% stock bid makes execution and control central to the vote, while eBay’s board resistance, financing questions and the 20% meeting threshold remain key unresolved catalysts.

Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

Anthropic's coding-first strategy has become an enterprise distribution engine, with Jason citing $6 billion of annual run rate added in February alone and Chamath calling its technical output “head and shoulders above anything else.”OpenAI remains the “overwhelming revenue generator” after normalization, but falling ChatGPT share, Google’s trust and cash-flow advantages, and Meta’s $375 million verdict leave monetization, market structure, and liability as key risks.

Tony Hinchcliffe × Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

Kill Tony has converted open-mic randomness into a scalable media and talent-discovery flywheel, backed by an “unprecedented” four-special Netflix deal, a No. 2 YouTube podcast ranking, and three sold-out Madison Square Garden shows.Dedrick Flynn’s two-year wait and 39-week streak before becoming a regular illustrate the democratic intake Hollywood monitors, while YouTube’s shifting rules, demonetization, and age gates remain a distribution risk.

Molly Bloom × Chamath Palihapitiya × Jason Calacanis × David Sacks × David Friedberg

Bloom’s poker franchise monetized trust, access, and belonging, raising buy-ins from $10,000 to $50,000 and eventually $250,000 while excluding professionals.Becoming the bank created scale—around $10 million sat on one table—but made settlement and counterparty behavior existential.Credit exposure and illegal raking preceded mob coercion and FBI enforcement; refusing cooperation preserved the reputation behind Aaron Sorkin’s adaptation.

Ari Emanuel

Ari Emanuel’s shift to scarce-asset ownership was validated by TKO: a broadcast deal cut UFC’s acquisition multiple from roughly 20-times to under 10, and TKO reached $200.His “opposite bet” on AI is live entertainment, with about $2 billion raised for a new events company due for completion in the first week of October; creator ownership and international distribution remain watchpoints.

Paul "Triple H" Levesque

WWE’s differentiated asset is a serialized character universe built around charisma, long-dated story arcs, and a shared live experience rather than competitive purity.Digital distribution across Netflix, The CW, USA, Peacock, and soon ESPN monetizes roughly 500 live hours while social reach funnels audiences into events, with attendance in France illustrating sustained global demand.

Neal Mohan

YouTube’s 55/45 creator split can look costly for established creators selling embedded ads, while Mohan says economics should follow objectives.Superfan engagement supports stronger brand and direct-response ROI, underpinning more than $70 billion paid over three years and north of 3 million Partner Program creators.AI likeness detection could extend Content ID into takedowns or monetization, but disclosure is “obviously not foolproof.”

Joe Tsai

AI leadership rotates weekly, making adoption—not a permanent model winner—the contest as Chinese-firm usage rose from roughly 8% to nearly 50%.Alibaba says AI may write about 30% of its code, reduce hiring needs, and improve experiences across commerce, maps, and food delivery.China targets 90% AI penetration by 2030, but 18% youth unemployment and roughly 30% lower home prices keep the payoff uncertain.