Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan

The recording begins with the hosts waiting to see whether Saks will join. The group decides to start without him, and an early welcome notes that the episode is being recorded while California is, as one host puts it, on fire. The ASR transcript mangles the opening names and introductions, so only the broad outline is reliable.

A host explains that Saks is busy with his new audio app, with some confusion over whether it is called "Call In" or "Callen"; the transcript renders it several ways. They joke that this is the second episode missing a regular, after one without Friedberg, and Saks does briefly appear on the line.

A speaker jokes about a licensing arrangement for the term "all in" and claims Saks received about $7,000,000 in equity for using the group's names. This is a joking claim by one speaker, not a verified figure. Others say Saks was gracious about the podcast's role in interviews he gave, and one speaker says he credited Jay Cal for making the podcasting effort possible.

A host then describes the app for listeners who do not know it: a podcasting and casual audio app for iOS, just out of private beta, with a speaker's understanding of roughly 10,000 users. Saks says sign-ups were strong the previous day, though he lacks the latest numbers, and that early reviews have been very positive.

Saks's pitch is "social podcasting": social-audio rooms are usually ephemeral and chaotic, so the app lets creators record live in front of an audience, bring up listeners ("callers") one at a time, then edit the transcript to edit the episode and publish. A host's quip compares it to a subscription platform for audio; the rest of that exchange is crosstalk.

Chamath says it is his birthday, and the hosts mock-compliment him before moving on. One host jokes about what to give a dictator who has everything, and another speaker says, as a claim they relay, that Madeleine Albright once gave Kim Jong Un a basketball signed by Michael Jordan. The point of the joke is that gifts can buy access.

The conversation turns to rare wine. A speaker lists old champagnes and wines he drank recently, and another host jokes about offering plutonium instead. They invite each other to a poker night and ask for a nice bottle.

A host tells an anecdote about a guest who brought bottles to a dinner. He says one was a 1985 Camus and not a good year, and that he told the guest to open it. Others in the story reacted awkwardly, and the host says the wine was poured over a salad and thrown out. It is one speaker's retelling and the details are hard to follow in the ASR.

The guest in the story says he found the bottles in a basement in humid San Francisco weather for about ten years, next to a furnace, and had not realized until he moved two weeks earlier. Others note the bottles were not stored lying flat and were likely corked. The hosts close the bit by joking about bringing wine for someone's dog.

The first lines continue the dog joke, then pivot to Mister Beast. One host says it is lucky he has 100,000,000 followers on YouTube, which seems to refer to a restaurant venture; the transcript does not make the context clear.

Several speakers describe him as an impressive entrepreneur and a good person, and one says it is remarkable for someone aged 23 to be so sophisticated. A host says he had texted with him for a long time before meeting in person on a shoot, and that he fit in well with the group. The suggestions that follow are jokes: have him as a guest, surprise him in Greenville, or replace Phil Hellmuth in a poker game with him as a "better bestie".

The hosts decide to keep recording weekly and to "double down" rather than skip next week. A host announces the first in-person recording of the podcast with everyone together, a week from Monday at the TPB symposium, a closed event that the transcript gives as the "production board"; the name is garbled, so it is left as in the source.

The host organizing it describes a gathering of scientists, investors, entrepreneurs and CEOs, with a day of science talks, a day of business talks, and a poker night beforehand. He adds that the group plans its own All-In summit for roughly 100 to 200 people in the first or second quarter of next year, with no date yet. The suggested locations are jokes and preferences: one speaker favors Rome, and another says Saks wants Miami and praises a Miami hotel.

A speaker notes that Miami would stay open regardless of COVID rules, jokes about hosting a "super spreader event", and mentions an upcoming conference at the end of the month and a poker event. They discuss whether attendees will be masked indoors and whether testing will be done, given the Delta variant.