Scott Galloway · 20:46
Their applications so academics like me can be drunk on exclusivity, and the wheel spins, Kara.
Kara Swisher · 20:51
The wheel spins.
Scott Galloway · 20:52
Wheel spins.
Kara Swisher · 20:54
That is true. The wheel spins. I I did an interesting podcast with Arlen Hamilton and and Wendy Davis at South by Southwest. And there was a story later about Arlen not being able to get the capital she is. She's a... She's an African American woman who's been trying... Doing a VC... Who's a VC. And the difficulty she faces are quantum. You know? I mean... And there's all kinds of, like, who's good, who's not good, who's not good. But but she gets harder time than others who are either equal or lesser than her. It's really an interesting thing. And so so it's very hard. The idea of collecting capital and and and having it available and doing it as a matter of course and seeing talent where it isn't. There is, I think, a real... If someone could really crack this idea of of finding talent in places that it's... That everybody isn't fishing in the same fishing hole would be a... Me, it... It's one of those things that could... And not just here, too. It's really... People have tried it, but it's always done in not the biggest way. It just seems like we're leaving behind... We're leaving a lot of talented people. Anyway, wins and fails.
Scott Galloway · 21:55
Okay. So
Kara Swisher · 21:56
Go for
Scott Galloway · 21:56
about... So a couple wins. A couple politicians.
Kara Swisher · 22:00
Okay. Mayor Pete. Yep. Love him. Wow. Is that guy Mayor Ask him to Pete, come to code. Wow. He's so love mayor Pete. My sons were going on about mayor Pete last night.
Scott Galloway · 22:10
His CNN town hall, super impressive. And let's talk a little bit about mayor Pete. Despite his youth Mhmm. He has more executive or elective experience than the president. He has more
Kara Swisher · 22:19
Military?
Scott Galloway · 22:20
More... Well, elected leadership executive, hands on elected leadership experience than the vice president. By the way, he had the ultimate the ultimate, one liner basically summing up Mike Pence, and that is he said... And I'm gonna try and be... Do this justice. He said, did Mike Pence stop believing in Scripture when he began believing in Donald Trump? And I'm like, boom. That just perfectly
Kara Swisher · 22:46
His summarizes book is amazing.
Scott Galloway · 22:47
I've been
Kara Swisher · 22:48
reading this
Scott Galloway · 22:48
hypocrisy that is Mike Pence who believes Jesus is coming back. And well, mister vice president, if Jesus does, in fact, as you believe, come back He's
Kara Swisher · 22:55
gonna be pissed.
Scott Galloway · 22:55
He's gonna find your office and throw up on you.
Kara Swisher · 22:57
Yeah. It's probably gonna... Jesus is gonna
Scott Galloway · 22:59
be pissed. This guy... So mayor Pete. And the other guy who I think is a big winner this week, and then I'm just a huge fan of, is Colorado junior senator Michael Bennett.
Kara Swisher · 23:08
I love Michael Bennett, you know that.
Scott Galloway · 23:09
He's fantastic. He announced he's battling prostate cancer, and has decided that he's likely going to enter the presidential race. As I think happens, and one of the reasons I love or I embrace atheism is I think a finite nature of your own mortality makes you more deliberate and more grateful and makes you less fearful. And I think this guy said, you know what, I have something to say I can contribute. And he's basically saying to Cancer, I can beat this. And we have such a wonderful science, the warm hand of science now. More people survive cancer than die of it. And I'm sure the Republicans will go after him. And I'd like to remind them that a 71 year old obese man is going to die a lot sooner than a 54 year old man who's healthy, who's struggling with prostate cancer. So Mayor Pete
Kara Swisher · 23:53
and Thank you, Senator Doctor. Scott.
Scott Galloway · 23:55
That's right.
Kara Swisher · 23:56
Play Let one on say, I have spent some time with Michael Bennett. He actually happens to be the brother of James Bennett who runs the New York Times opinion section, who's sort of my boss a little bit, where I write there. He is so brainy. It's... I had such a delightful discussion with him. He's like... He's super brainy. I think... It's really interesting. These are two very brainy guys.
Scott Galloway · 24:15
That's right.
Kara Swisher · 24:15
White guys, nonetheless, but still super brainy, super not scared of their brains, not scared of talking about smart things. And so
Scott Galloway · 24:22
really good people. Anyways, wins. Who are your wins? Do you have a win? I'm sorry.
Kara Swisher · 24:25
Yes. I did an interview, with Rose Marcario. She's the CEO of Patagonia, and I loved it. She was she's... She used to be in in finance, and then she's now running Patagonia, which is a hugely successful, clothing manufacturer and really cool stuff also. And they they do a lot of moral stances on things. And so she's... They're refusing to sell their power vest to some high-tech, high up tech and finance organizations, which I love.
Scott Galloway · 24:50
The Patagonia thing?
Kara Swisher · 24:51
Yes. And she Oh, yeah. She was great. She calls people out. It's like... And they're doing really well. They're very... It's a really interesting way you're talking about this idea of being woke. They've been woke forever. They... And they stick with it no matter what. They sue president. They sue this. They do this. Anyway, this one, this is a audio clip from the interview I did with her a year ago in, in Portland, Oregon.
Guest · 25:11
You know, business needs to stand up. They can't be quiet. You know, this is this is what makes me mad about the tech companies right now.
Kara Swisher · 25:18
Right. Alright. We'll talk about that because that's where I come from. Yeah. So explain your weenie, concept.
Guest · 25:24
Yeah. So, you know, look. These guys, what's Zuckerberg worth? 60,000,000,000? What... What's Larry Page worth? 100,000,000,000? I don't know. Like, we're talking about billions of dollars. Yep. They create... You know, they've made so much money off this platform. I don't know. I I I have family in the, you know, in the military that fight for this country. And it's our democracy that's at stake. And we got attacked. And we got attacked on their platforms, and they haven't done anything about
Kara Swisher · 25:52
it. Mhmm.
Guest · 25:53
They won't step up and explain the problem.
Kara Swisher · 25:56
Mhmm.
Guest · 25:56
They won't they won't come out in in plain English and say what they're doing about it, and it's pathetic. So what That's why I say they're weenies.
Kara Swisher · 26:05
I love her. She was saying this long... This is where I sort of got my when I started writing about this a lot was Yeah. She impacted me because she was like... She just said it plain, and she's this amazing, just a... And and by the way, Patagonia is doing great as a business too. So you don't have to, like, choose one or the other, and that's why I really like her and and the whole company.
Scott Galloway · 26:25
Yeah. I liked her. I like the emotion of her So Patagonia, I love this. So for... So I wanna switch this back to my favorite topic, me
Kara Swisher · 26:31
Mhmm.
Scott Galloway · 26:32
When in the early two thousands, I was advised
Kara Swisher · 26:34
Oh, good. You look in Patagonia?
Scott Galloway · 26:35
But There you go. And you'd bring in and you'd bring in all the analysts to hear your idea, and they were all wearing Patagonia fleece vests or the Patagonia vests. And they all... It's so hilarious in finance. They all have like a tattoo or a nipple ring or they wear leather things around the wrist because they basically want to say, I'm hip. At night, I have friends in fashion. And I don't want you to think I'm lame because I can't find a more interesting way to make a living. So they all have these quirky things, and they literally all wore Patagonia. And I think that different sort of PG-thirteen derivatives of bigotry are taking hold. And a few of them, first off, in tech ageism, but also I think there's an emerging feel or emerging ism of coolism. And that is, for example, the Soho House here in New York have basically kicked out all members who are in finance. And Patagonia, a little bit here, is saying, if you're in finance, we don't want to do corporate wear for you. And I do think it's sort of a little bit of an ism. By the way, if you want to... I'm convinced that corporate wear branded apparel is saving thousands of marriages across The United States. Because if you're at a conference and you see Bob and you wanna kiss Bob and you start going over and Bob's wearing Oracle CloudStack t shirt, you're like, that's it. I'm not I'm not having anything to do with Bob. Alright. So literally corporate wear has saved millions of marriages around The United States. Okay. Last The Patagonia, that's a form of bigotry. I mean, it's the whole like, we're not... Basically this whole thing started. They're backtracking, but they're basically saying we're not gonna put we're not gonna put vests on people in finance.
Kara Swisher · 28:07
Alright. Last one, which you think is a fail, but I think it is not a fail. Think it's a win. My son loved it. Elon Musk dropped a rap about Harambe on SoundCloud this week, and my kids loved it. Although some people did not. I like... My kids loved it.
— Predictions segment begins —
Scott Galloway · 28:27
So this is one of our predictions. I think this is... We said this is South by Southwest. I think this is the year that Tesla literally comes on Yeah.
Kara Swisher · 28:33
Had some trouble this week.
Scott Galloway · 28:35
I think Tesla...
Kara Swisher · 28:36
So let's go to predictions. So so so this is... You were right. This is they had some trouble. They had a lot of trouble this week.
Scott Galloway · 28:41
Yeah. But I think I think sometimes it's it's darkest before it's pitch black. I think Tesla is really about to come undone because going back to the... Going back to your conversation around talent, you know, the team of the best players wins, and every player is leaving Tesla. And despite the fact we think he's one of our new Jesus Christ, agency... Or excuse me. Greatness is accomplished in the agency of others, and all the others are leaving Tesla. And that's a very negative forward looking indicator. Other big fail, Karen? Know you love you guys.
Kara Swisher · 29:12
Still think he has done more to move this forward. I had this argument with the Ford CTO this week on... In a podcast.
Scott Galloway · 29:17
It doesn't mean Tesla can't fail. Tucker built a great auto company. Where is the Tucker?
Kara Swisher · 29:21
It's much more important than I'm just gonna Okay.
Scott Galloway · 29:23
I get it.
Kara Swisher · 29:24
Better plan better. They can say all they want is they were gonna get into it. They... None of them were until they... Tesla was torn. Interestingly, I I I hit a Tesla this week in my car driving truck.
Scott Galloway · 29:34
Good for you.
Kara Swisher · 29:35
That's why I'm getting rid of cars. Gonna have a hard time getting it fixed.
Scott Galloway · 29:41
That's... You know what? You got you got a free pass. I think your insurance company shouldn't raise your rates if you hit a Tesla.
Kara Swisher · 29:45
Just a little dent. It was just... But I did. It was like, oh my god. It's a Tesla. I can't believe it. Anyway, prediction, Scott. I predict I'm not gonna hit any more Teslas. I'm not driving anymore, but go ahead.
Scott Galloway · 29:54
Okay. So look. I think the whole ride hailing space, the combined market capitalization... And this is kind of a fail. The combined market capitalization of Uber and Lyft as of today, private and public market capitalization, is greater than American, Delta, Ford, Embraer which makes awesome planes, by the way Matson Shipping, Royal Caribbean, and add in, I don't know, add in like JetBlue.
Kara Swisher · 30:18
Mhmm.
Scott Galloway · 30:19
That is not sustainable. And by the way... And I know you like these guys. I don't know them. But the Lyft website and the IPO said great things can happen when something great... When great people do great things. I'm like, yeah. Fuck you. This is what has happened with the Lyft IPO. Alright? Those guys collect a billion dollars. You know what the drivers are getting?
Kara Swisher · 30:36
I know. I agree.
Scott Galloway · 30:37
Okay. Hold on. Me... Because I'll tell you. I've done the research. I actually read the damn prospectus unlike anyone who was stupid enough to buy that stock. You have... If you've read... If you've done a thousand rides... I'm sorry, 10,000 rides, you get a thousand dollars. So you put those guys, put those COs who are new billionaires in the back of a car, and every time they do a ride, have them throw a dime at the driver because that is what they're doing. And they claim, oh, but wait. Ride hailing gives flexibility to the driver. Well, let me tell you something, boss, as someone who's hired hundreds of people, and I'm really being indignant and virtue signaling right now. Giving employees flexibility doesn't exonerate you from providing health care insurance or minimum wage protection. K. Ride hail and Cara is literally the tobacco of the gig economy. We figured out a way to sequester the 4,100 mostly white, mostly college educated people with their mostly white, mostly college educated investors so they can split 24,000,000,000 Mhmm. The value of Chrysler, while the 1,400,000 mostly nonwhite, mostly noncollege educated people get flexibility in $8.50 an hour, and the founder's throwing a dime at their head. Fuck you, Lyft.
Kara Swisher · 31:45
Oh my god. This was the most fantastic scream fest.
Scott Galloway · 31:49
Oh, I haven't eaten. I haven't eaten. Where's my Chipotle?
Kara Swisher · 31:52
That's clear. Too much? No. It's fine. It's fine. It's fine. It's It's good.
Scott Galloway · 31:58
You like those guys. Right?
Kara Swisher · 31:59
I... No. I think their finances are insane. Like, come on. Anyone can read me... Do math. I can add and subtract. I think they're gonna get bought... I'll get bought by someone.
Scott Galloway · 32:08
Have you sold the Fiesta? What? Have you sold
Kara Swisher · 32:10
the Fiesta? To San Francisco. My neighbor's selling it for me. Yep. My neighbor's a car guy. He's gonna sell it for me. Bob.
Scott Galloway · 32:17
Nice. Nice.
Kara Swisher · 32:18
Bob, sell the car. Yes. And then I'm gonna give away the money because I just... To something like a climate change.
Scott Galloway · 32:24
Oh, by the way, our predictions. So we have... Okay. Predictions. So last week, we predicted... I feel bad
Kara Swisher · 32:29
that I was so I was
Scott Galloway · 32:30
so profane around Lyft. I don't hate them that much.
Kara Swisher · 32:32
I think so. They're very nice guys. Can make them mad at the Uber guys. Maybe you could have been mad at the Uber guys. But...
Scott Galloway · 32:40
Yeah, we'll see. I'm just mad at ride hailing. Think it's a giant income inequality vehicle. But anyways, sorry. So we predicted that Lyft would come out at $100. We were wrong. It came out at 90. And our prediction is within six months that it gets cut in half at least. And then other prediction, and this is the most underreported story of the last week. Did you notice what Amazon is doing? Did you notice the new skills that Amazon has released?
Kara Swisher · 33:03
No, Tell me.
Scott Galloway · 33:04
Health care. Six new skills in health care, including basic health care information on kids. Amazon is now HIPAA compliant.
Kara Swisher · 33:14
Oh, really?
Scott Galloway · 33:15
So prediction? Amazon stock up 50% on the back of the Jedi mind trick they're about to perform on the most inefficient, most disruptable industry in the world right now, and that is the $3,500,000,000,000 healthcare industry. Because when Amazon, Wow, all of a sudden
Kara Swisher · 33:29
true that.
Scott Galloway · 33:30
When you show up and you have an Amazon show and and 80% of wealthy households have an Amazon Alexa device, and it says, would to hear more about would you like to lower your health care costs by 50%? And Amazon says, hey, we've identified
Kara Swisher · 33:44
you They're going with sell us everything.
Scott Galloway · 33:46
100. But all they need to do is threaten just threaten to sell you health care. And the incredibly inefficient insurance industry, where 45% of costs are around administrative costs, not the actual delivery of health care, is about to get taken to the woodshed, Kara.
Kara Swisher · 34:04
I would agree with you on this.
Scott Galloway · 34:06
So predictions, Tesla, Tesla way down, and Amazon way up on the backs of health care. Big health. It's coming.
— Predictions segment ends —
Kara Swisher · 34:14
Anyway, Scott, as usual, we will talk next week. There's so much... I have a lot going on next week here in DC. I have many
Scott Galloway · 34:21
Tell me
Kara Swisher · 34:21
about politicians to see.
Scott Galloway · 34:23
Who's rubbing your feet?
Kara Swisher · 34:24
No one's rubbing my feet. I'm just gonna be... I have a lot. I've got... I got an event in New York where Oprah will be... Is going on right after me, which I'm very excited about. And I'm interviewing, some, some people about Facebook's platform and the difficulties of it. Some really amazing people as you'll see. I cannot see. And, and then I am gonna be going to a very big political event where I will be interviewing a very big politician. Well, it's
Scott Galloway · 34:49
not If that if that didn't sound so incredibly boring, I'd I'd ask you who.
Kara Swisher · 34:55
It's gonna be. It's Nancy Pelosi. Anyway, anyway, you managed to get out of this week without getting fired. It's great. Good for you. Yeah. Well, there we go. Played, Scott. There we go. There's hopes for next week. Anyway, Rebecca Sinanis produces his show. Nishad Kerwa is the executive producer. Thanks also to Eric Johnson. Thanks for listening to Pivot from Vox Media. We'll be back next week with more of a breakdown of all things tech and business. If you like what you heard, please subscribe, rate, and review Pivot on Apple Podcasts. Like me more, Scott less. That's fine. If you have to do that, please do.
Scott Galloway · 35:28
Alright. Easy.
Kara Swisher · 35:29
Easy. Thanks.
