Economist and Substack writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics. Econ 102 is a part of the Turpentine podcast network. Learn more: turpentine.co
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Rudyard Lynch, creator of the enormously popular YouTube channel WhatifAltHist joins Erik Torenberg every week to offer a deeper understanding of critical moments in history. Together they identify patterns in order to predict the future and understand the dynamics that result in civilizations rising and falling. On this season we'll cover WW1, WW2, Classical Greece, Medieval Islam, the rise of Communism, and more. History 102 is a part of the Turpentine podcast network. Learn more: www.turp ...
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On Turpentine VC, host and venture capitalist Erik Torenberg delves deep into the art and science of building successful venture firms through conversations with the world’s best investors and operators. Hear about insider strategies on decision-making, investment theses, and building firms for the long term—from the ground-level, VC to VC. Guests in season 1 include Ben Horowitz of a16z, Mamood Hamid and Ilya Fushman of Kleiner Perkins, and Alfred Lin of Sequoia. Turpentine VC is part of th ...
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Investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Topics covered: Finance, Venture Capital, Tech, AI, Crypto, and Industry Cycles The Riff is a part of the Turpentine podcast network. Learn more: turpentine.co
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See the world through the eyes of society's greatest rule-breakers. The "Live Players" podcast charts the key individuals shaping our future from first principles across multiple domains: business, politics, philanthropy, and broadcasting from the digital town square Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today's most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. You'll come away with ...
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In The Arena is where entrepreneurs and leaders share stories of the biggest crises of their careers and lives – and how they made it through. Host (and founder herself) Jesse Genet goes beyond the headlines to interview leaders about the most challenging moments they've ever faced – from total business collapse, to public scandals, even being sentenced to prison. Along with special guest co-hosts, In The Arena revisits the crucible experiences and reveals what it was actually like in the ro ...
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E62: Wing's Chris Zeoli on AI Infrastructure Opportunities
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Wing Capital's Chris Zeoli discusses AI infrastructure trends, foundation models, data center challenges, cloud security, and Wing's strategic investments. For full show notes, visit: https://highlightai.com/share/6e5d9973-6c77-4ed2-aab7-355be82b9133 — 📰 Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveacc…
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Mini: Tariffs on China, Trump, and National Security
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Noah breaks down the number one issue no one is grappling with in regards to tariffs on China. For full shownotes, visit highlight: https://highlightai.com/share/1835116c-516d-4cab-a2ee-19f4504bc263 -- Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess -- SPONSOR: GiveWell GiveWell spends 50,000 hou…
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E51: Venture Scale, Y Combinator, and Financial Bubbles
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In this episode of The Riff, Byrne Hobart discusses his upcoming book about financial bubbles, venture scale businesses, creator financing, and prediction markets. For full shownotes, visit: https://highlightai.com/share/d084ef81-e3cd-41b2-be04-b6fc2bbe3f7a 📰Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiv…
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Progressivism: Past, Present, Future
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This week on Econ 102, Noah Smith and Erik Torenberg delivers a masterful analysis of American progressivism's rise, fall, and potential future resurrection as a class-focused movement in the 2030s. For full show notes, visit: https://highlightai.com/share/c29e2f67-3580-4753-913b-f87c744c6118 -- 📰Be notified early when Turpentine drops new publicat…
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E61: Rabois, Bartlett, Ryan, and Weinberg on AI, Gambling, and Healthcare
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Keith Rabois, Logan Bartlett, Kevin Ryan, and Zach Weinberg share a rare anecdote about the first venture investment into OpenAI, lay out the bull and bear case for the leading AI companies and discuss regulatory chess games at play in American politics. For full show notes, visit: https://highlightai.com/share/8a2ea800-ab8a-4115-80c7-04c059d3fb10 …
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Comparing Trump, Biden, and Obama's China Strategies
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Noah Smith breaks down the last two decades of US-China policy shifts - and where we go from here in anticipation of the November election. Let us know if you like these short-form Econ 102 friday bonus episodes by emailing econ102@turpentine.co. -- Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess…
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E50: Freemium Apps, Restaurants, and Search with Patrick McKenzie
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In this special episode of The Riff, Byrne Hobart is joined by Patrick McKenzie, host of the podcast Complex Systems to discuss a range of topics including app business models, restaurant industry economics, AI's impact on productivity, the evolution of search technologies and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Netw…
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Why Nations Fail, AI & Jobs, Economics as a Science
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This week on Econ 102, Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science. -- 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.…
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E60: How Lightspeed Invests in AI and Beyond with Arif Janmohamed
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This week on Turpentine VC, Erik Torenberg is joined by Arif Janmohamed, partner at Lightspeed Ventures to dive into the world of AI investment. They explore Lightspeed's evolution from a strong focus on enterprise early-stage investing to becoming a global multi-stage firm with a $7 billion capital reach. Arif shares insights on identifying market…
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Urbanization, Technology, and Global Shifts
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Today on Live Players, we’re releasing an interview from Steve Hsu on the Manifold Podcast with Samo Burja. They unravel the complexities of our world, discussing China's rise, Europe's future, and industrial shifts. This episode delves into unique research methods, journalism challenges, and the dynamic ecosystem of Silicon Valley. They explored u…
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17th Century Eastern Europe
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In this episode of History 102, In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch and Erik Torenberg dive deep into the fascinating yet often overlooked realm of 17th century Eastern Europe. Join Rudyard and Erik as they bring this pivotal era to life: unravel the rise and fall of Poland-Lithuania, Russia's emergence as a great …
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E59: Mike Maples Jr. on Disruptive Investing
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Mike Maples Jr., Founding Partner at Floodgate, sits down with David Weisburd to discuss Mike’s new book “Pattern Breakers: Why Some Start-Ups Change the Future”. This is a masterclass on early-stage venture investing. Mike shares his views on identifying ideas and founders that led to his early investments in Lyft, Twitter, and Okta. They also cov…
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E49: AI Art, Young Founders, and Disrupting Higher Education
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This week, Byrne Hobart and Erik Torenberg discuss the shifting dynamics of careers and education, the notion of "auto-paternalism" in organizational choices, Spotify's growth strategy in a mature market, the future of podcasts and audio content, and the intricate relationship between AI art, property rights and more. 🔥 Apply to join over 400 Found…
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Kamala vs. Trump: Economic Plans and Foreign Policy Showdown
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This week, Noah Smith and Erik Torenberg discuss the political nuances that influence the Republican and Democratic parties in the U.S. They explore the historical shifts in party dynamics, immigration policies, and the evolving economic strategies under potential future administrations. -- 🔥 Apply to join over 400 Founders and Execs in the Turpent…
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The Possibility of Human Extinction
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This episode of Live Players centers on the alarming issue of declining fertility rates worldwide, examining specific country examples such as Japan, South Korea, and Turkey, and the societal and technological implications of these demographic changes. Samo Burja and Erik Torenberg explore potential interventions, such as tax breaks for families, a…
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E48: Facebook vs MySpace, Why Peter Thiel is Wrong About Competition, and OpenAI Corporate Structure
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This week, Byrne Hobart and Erik Torenberg dive into a range of fascinating topics such as the evolution and future of OpenAI's business model, economic rationale behind corporate buybacks, changing software economics, China's recent equity market surge and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.tur…
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International Development, The Reserve Currency, and Xi Jinping’s Legacy
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This week, Noah Smith and Erik Torenberg unpack China's economic strategies under Xi Jinping, from the controversial tech crackdown to the ambitious Belt and Road Initiative. They explore the intricacies of international currency dynamics, dissect Ben Bernanke's pivotal role in the 2008 financial crisis, and examine the complex effects of brain dra…
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E58: Roger Ehrenberg on Mastering Seed Investing
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In this episode of Turpentine VC, we’re releasing one of our most popular interviews with Roger Ehrenberg, owner of IA Capital Partners and the Managing Partner of Eberg Capital. Roger discusses his contrarian strategy to seed investing that has allowed him to generate 10x fund returns, and emphasizes the importance of focusing on concentrated port…
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Long Ripples in History
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In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch is joined again by Bismarck Analysis's Samo Burja (podcast host: Live Players) for a mind-bending discussion and deep dive into the concept of "long ripples" — how ideas and events from the distant past continue to shape our present and future in unexpected ways. From Plato's inf…
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E47: Cult Stocks, Tech Media, and Technological Revolutions
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This week, Byrne Hobart and Erik Torenberg discuss cult stocks like Tesla and Palantir, debate whether AI or globalization will impact jobs more, explore the energy transition's unexpected reversal, analyze Forbes' content strategy and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.turpentinenetwork.co/ ---…
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Palladium, Intellectual Culture, and Silicon Valley
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In this episode of Live Players, Erik Torenberg and Samo Burja discuss the unique role of Palladium Magazine as a non-profit that promotes intellectual and cultural community-building. They highlight the magazine’s focus on 'governance futurism' and the importance of creating new and inspiring thought while remaining non-partisan. They also explore…
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Noah's new book topic, Evaluating Immigration, Saving Midwestern Cities
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In today’s episode, Noah Smith and Erik Torenberg dive into the complexities of immigration, global economic development, and cultural stereotypes. Noah also shares insights from his upcoming book on reviving Japan's economy, examining strategies like innovation, reforming large corporations, and attracting foreign investments. -- 🔥 Apply to join o…
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E57: a16z's Anish Acharya on Consumer AI
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Anish Acharya, General Partner at Andreessen Horowitz, dives deep into the transformative potential of AI in the consumer technology sector. Anish discusses a16z’s "Abundance Agenda," detailing how AI is set to revolutionize personal finance, education, wellness, and social interactions. From the concept of "self-driving money" to AI-powered compan…
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In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch and Erik Torenberg explore the origins, impacts, and global spread of the Industrial Revolution, from 18th century Britain to modern challenges. Unleashing progress or Pandora's box? This episode presents a unique perspective, framing the Industrial Revolution as "the magic of ki…
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Civilizational Differences
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In today’s episode of Live Players, we’re featuring a discussion between Samo Burja, Rudyard Lynch and Erik Torenberg about the inherent differences between civilizations and their impact on history and politics. They explore the parallels and distinctions between ancient civilizations like Babylon and modern entities like Silicon Valley, the influ…
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E46: Degrowth, Private Equity, and the EU Tech Industry
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This week, Byrne Hobart and Erik Torenberg tackle the current state of the EU's tech sector, evolution of private equity firms, consumer credit defaults, online reputation management and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.turpentinenetwork.co/ --- RECOMMENDED PODCASTS: 🎙️ This Won't Last - Eaves…
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Fracking, China, Immigration
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In today’s episode, Noah Smith and Erik Torenberg explore the complexities surrounding fracking, China's economic growth and challenges, and tackle a controversy in Springfield involving false claims about Haitian immigrants and the larger implications for U.S. immigration policy. -- 🔥 Apply to join over 400 Founders and Execs in the Turpentine Net…
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E56: Upfront Ventures' Mark Suster on Fund Management and the Exit Landscape
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This week on Turpentine VC, we’re releasing Molly O’Shea’s interview with Mark Suster, Managing Partner of Upfront Ventures. In this episode, Mark discusses the value of disciplined investments and Upfront Ventures' focused investment strategy. He emphasizes the importance of founder-market fit and market timing in investment decisions. Mark shares…
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Preparing for a Second China Shock and Bad Economists with Brad DeLong
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In today’s episode, Noah Smith and Brad DeLong tackle pressing topics such as the potential for a 'China Shock 2', the effectiveness of missile defense systems, and the shifting role of economists since the Great Recession. They also explore the nuances of economic theory, policy implementation, and real-world outcomes, particularly in a fast-paced…
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In this episode of History 102, Rudyard Lynch and Erik Torenberg are joined by Bismarck Analysis's Samo Burja (podcast host: Live Players) to uncover the hidden threads connecting ancient Babylon to Silicon Valley. Did you know that 2,500 years ago, people complained about information overload just like we do today? Or that some civilizations saw 7…
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E45: Efficient Market Hypothesis, Missing Billionaires, and Digital Currencies
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This week, Byrne and Erik discuss the efficiency of market hypothesis, explores the complexities of breaking up big tech companies, unpacks the intriguing dynamics of currencies from nations to video game gems and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.turpentinenetwork.co/ --- RECOMMENDED PODCASTS:…
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Globalization vs. Innovation
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This week on Live Players, Samo Burja and Erik Torenberg debate the merit and harms of globalization. They explore the implications of Peter Thiel's views on globalization potentially hindering innovation, and analyze the historical context and current impacts of globalization on innovation, trade, and political stability. They also discuss the res…
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E55: Keith Rabois, Logan Bartlett, Kevin Ryan, and Zach Weinberg Dissect the Current Funding Climate
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This week we’re dropping the first episode of Logan Bartlett, Keith Rabois, Kevin Ryan, and Zach Weinberg's newest podcast This Won’t Last. The show is an unfiltered backchannel where they unpack the hype cycles in venture, startup culture, and business. In this episode they discuss Paul Graham’s Founder Mode, AI valuations, the state of the ventur…
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AI's Impact on Geopolitics
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In this episode of Live Players, we’re releasing a conversation between Nathan Labenz of the Cognitive Revolution Podcast and Samo Burja on the strategic dynamics of artificial intelligence through a geopolitical lens. They discuss AI's trajectory, the chip supply chain, US-China relations, and the challenges of AI safety and militarization. 🔥 Appl…
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E44: Founder Mode, Uber’s Self-Driving Strategy, and Big Tech Skepticism
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This week, Byrne and Erik discuss the idea of taxing unrealized capital gains, networked nature of the finance industry, the strategic direction of Uber in autonomous vehicles, the merits of 'founder mode' and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.turpentinenetwork.co/ --- RECOMMENDED PODCASTS: 🎙️ …
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The New Axis, Neoliberalism, and Germany [Mailbag]
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In today’s episode, Noah Smith and Erik Torenberg summon their next dream guest and tackle some listener questions, including the role of economists in predicting outcomes, China's industrial strategy, the new axis, the state of Germany and Britain, and the legacy of neoliberalism. -- 🔥 Apply to join over 400 Founders and Execs in the Turpentine Ne…
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E54: Trae Stephens on Founders Fund
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In this episode of Turpentine VC, we revisit one of our most referenced interviews with Trae Stephens, General Partner at Founders Fund and co-founder of Anduril. Trae discusses the unique DNA of Founders Fund, emphasizing the firm's culture of open debate and high conviction in investments. He highlights the importance of concentrated portfolios, …
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In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch and Erik Torenberg provides a detailed overview of the American Revolution, covering its causes, key events, major figures, and outcomes, while exploring the political, social, and strategic factors that shaped the conflict and led to the birth of the United States. 🔥 Apply to jo…
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E43: The Silicon Valley Canon, Smart Contracts, and the Yen Carry Trade
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On this week’s episode of The Riff, Byrne Hobart and Erik Torenberg discuss the Silicon Valley Canon, impact of tech on traditional markets, the evolution of smart contracts, risks of currency carry trades and more. 🔥 Apply to join over 400 Founders and execs in the Turpentine Network: https://www.turpentinenetwork.co/ --- RECOMMENDED PODCASTS: 🎙️ …
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Anthropic CEO Dario Amodei on AI's Moat, Risk, and SB 1047
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This week, Noah Smith and Erik Torenberg are joined by Dario Amodei, CEO and Co-founder of Anthropic. Dario talks about the economics of AI development, the comparative advantage of AI companies like Anthropic, AI safety, and his stance on California's SB 1047 bill. They also discuss the impacts of AI on global power dynamics, competition between t…
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Fraud in Academia with Ben Landau-Taylor
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In this episode of Live Players, Erik Torenberg and Samo Burja are joined by Ben Landau-Taylor, a Senior Analyst at Bismarck Analysis. Ben recently published an article in Palladium Magazine about the pervasive problem of fraud in academia. They discussed how fraudulent activities, particularly in medical research, often go undetected due to flawed…
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E53: Tomasz Tunguz on the Evolution of the Data Ecosystem
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In this episode of Turpentine VC, Erik Torenberg welcomes back Tomasz Tunguz, GP of Theory Ventures. They dissect the investment landscape of data businesses through the lens of Databricks. They analyze the company's growth trajectory, competition with Snowflake, and its potential in the AI era. Tom presents bull and bear investment cases, discusse…
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In this episode of History 102, 'WhatIfAltHist' creator Rudyard Lynch and Erik Torenberg dive into the West European Dark Ages, discussing the period from the fall of Rome until the rise of medieval Europe around 1000 AD. Were they really a decline or a period of critical transformation? Uncover the surprising truth behind this oft-misunderstood er…
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E42: Navigating Tech Antitrust and the Future of AI
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On this week’s episode of The Riff, Byrne Hobart and Erik Torenberg discuss tricky antitrust decisions, Balaji’s Network State, the dynamics of content moderation, and more. 🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --- RECOMMENDED PODCASTS: 🎙️ This Won't Last - Eavesdrop on K…
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Kamala/Trump Policy Discussion: Housing, Immigration, Tariffs
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In today’s episode, Noah Smith and Erik Torenberg explore the the policies of Kamala Harris and Donald Trump, complexities of housing affordability and wealth storage, challenges in immigration policies, and critique the effectiveness of tariffs. 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com…
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Mass Immigration Won't Save Europe
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In this episode of Live Players, Erik Torenberg and Samo Burja explore why mass immigration may not solve Europe's economic woes. They talk about cultural assimilation difficulties, political tensions, and potential long-term consequences for European societies. --- This show is produced by Turpentine: a network of podcasts, newsletters, and more, …
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E52: Charting the Course of Biotech with Laura Deming, GP of Longevity Fund, and Will Eden of Sylvan Consulting
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This week on Turpentine VC, we’re releasing a conversation between Erik Torenberg, Laura Deming of The Longevity Fund and Will Eden of Sylvan Consulting (prior to that, with Thiel capital) focused on the past, present and future of biotech. Recorded in 2019, they discuss platform companies and the evolving biotech investment landscape, examining se…
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In this episode of History 102, WhatIfAltHist creator Rudyard Lynch and Erik Torenberg talk about the Aryan invasions around 2000 BC and how it reshaped Eurasia from Ukraine to India. This discussion explores their origins, methods, and lasting impacts on genetics, culture, and religion across diverse regions. Discover the shocking truth about the …
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E41: Meta’s Open Source Strategy, Amazon’s Culture Drift, and What’s Going on With Character.AI
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This week, Byrne and Erik discuss Meta’s open source strategy, Google’s hiring of Character.AI’s CEO, the calculus behind the Strategic Petroleum Reserve, and more. 🔥Apply to join over 400 founders and execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --- RECOMMENDED PODCASTS: 🎙️ This Won't Last - Eavesdrop on Keith Rabo…
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Tech Maturity and What Lies Ahead
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This week on Econ 102, Noah Smith and Erik Torenberg discuss the differentiation between technology and 'tech' as an investment category, the future of AI, potential profitability of AI companies, and the challenges faced by VC investors in the AI space. 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.type…
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