TWiST News: Subscription Economics, Density's Waffle, and The Cost of AV Fleets | E2027

17 Oct 2024 (4 days ago)
TWiST News: Subscription Economics, Density's Waffle, and The Cost of AV Fleets | E2027

Jason and Alex kick off the show (0s)

  • This Week in Startups is a show about startups and technology, focusing on the journey to find product-market fit and solve challenging problems in the world (0s).
  • The show is sponsored by Fundrise, which provides access to diversified portfolios of private real estate to all investors through its industry-leading, easy-to-use platform, and listeners can sign up at fundrise.com (11s).
  • Another sponsor is Brave, an internet privacy company that protects personal info online, and listeners can download Brave today at brave.com to browse faster, search privately, and more (25s).
  • OpenPhone is also a sponsor, creating business phone numbers that work through an app on smartphones or desktops, and listeners can get an extra 20% off any plan for their first 6 months at openphone.com (40s).
  • Alex Wilhelm is the co-host of the show, with a 15-year resume of working at places like TechCrunch and Crunchbase, and he has a newsletter called Cautious Optimism that listeners can subscribe to (59s).
  • Alex is doing well today, feeling rested and excited about the show, which will cover new subscription rules, an interview with the CEO of Density about their new product called a "waffle," and a first look at their AV Fleet financial model (1m13s).
  • The show will also discuss nuclear power rising and the startups looking to make it possible (1m54s).
  • The first topic of discussion is Lena Kh, as the FTC has new rules out that caught Jason's attention (2m0s).

FTC's new subscription rules and impact (2m6s)

  • There is criticism towards Lenina Con, with a meme created about the company's four-year no exit market, and a request for the company to allow selling companies for under a billion dollars without an approval process (2m7s).
  • A new FTC rule making is being discussed, which could affect businesses that sell to consumers and make a significant portion of their revenue from subscriptions, creating a pro-business and pro-consumer tension (3m11s).
  • Subscription businesses provide valuable information when customers unsubscribe, which can be used to improve the business, and it's beneficial to allow customers to unsubscribe to avoid locking them into a product that doesn't work for them (3m33s).
  • Different subscription terms can be offered, such as paying a year in advance with no cancellation option, which can be beneficial for both the business and the customer (4m10s).
  • Reasonable cancellation periods can be established, similar to those used by hotels during peak events, to balance the needs of businesses and customers (4m52s).
  • Companies should be transparent and upfront about their cancellation policies to avoid using "dark patterns" that trick customers into using their services (5m16s).
  • The concept of being tricked into a relationship due to employment and healthcare benefits is discussed, with the example that people often stay at companies like IBM, Google, or Microsoft because of the healthcare plans they offer, rather than for the job itself (5m34s).
  • If healthcare were portable, provided by the government, or independent of employment, it would likely lead to significant improvements in the job market and overall well-being (5m56s).
  • The idea of a universal healthcare system is proposed, where everyone has access to basic healthcare, and individuals can pay for additional services on top of that, with a suggested 20-25% copayment for services to encourage awareness of costs (6m16s).
  • Implementing a basic healthcare system for essential services like checkups could save a significant amount of money in the long run (6m34s).
  • An upcoming episode of TWiST is mentioned, featuring the CEO and co-founder of Cash Flow, who recently sold their HubSpot early-stage company, to discuss the details of the acquisition and potential regulatory pressures (6m41s).

Fundrise - Sign up today (6m58s)

  • Venture Capital is considered one of the most lucrative asset classes in the world, with many public tech companies having raised Venture Capital when they were private companies (6m59s).
  • However, individual investors often lack the capital to back a venture fund or connections to top performers in Venture Capital, limiting their access to deals (7m17s).
  • Institutional investors, such as endowments and Sovereign wealth funds, typically have access to these deals, but individual investors can now participate through the Fundrise Innovation Fund (7m26s).
  • The Fundrise Innovation Fund is a $125 million fund that holds shares in exciting pre-IPO tech companies and is designed specifically for individual investors (7m41s).
  • The fund allows individual investors to get in early on these companies, and they can sign up at fundrise.com/twist (7m51s).
  • It is essential for investors to carefully consider the investment material, including objectives, risks, charges, and expenses, before investing in the Innovation Fund (8m0s).
  • More information about the Innovation Fund, including its prospectus, can be found at fundrise.com/Innovation (8m7s).
  • This is a paid advertisement for the Fundrise Innovation Fund (8m12s).

Density's mission and "Waffle" product announcement (8m16s)

  • The guest, Andrew Farah, is the founder of Density, a company that aims to understand how physical space is used, with a focus on large workplaces and corporate offices. (8m18s)
  • Density deploys radar sensors, similar to wireless access points, to create a heat map of usage inside buildings, and has spent around 10 years trying to count people in physical space. (10m8s)
  • The company's core customers are large corporate offices, and they have recently announced a new product called Waffle, which is described as a "Love Letter" to their customers and a return to their roots. (10m31s)
  • Waffle is a solution that Density wished they could have bought when they started the company, but the technology wasn't available at the time. (10m41s)
  • The current technology used by Density requires a sensor to be placed in each conference room, but Waffle is expected to change this. (10m52s)
  • The utilization of conference rooms is a key area of interest for companies, as it can help them optimize their office space and make better use of their resources. (11m19s)
  • For example, a company like Amazon or Google could use Density's technology to determine the utilization level of their conference rooms and decide whether to convert some of them into phone booths or other types of workspaces. (11m31s)
  • Space planning is a significant concern for organizations, with space being the second or third largest line item, often after payroll, and 53% of meeting room use being by a single person, regardless of room size (11m47s).
  • Density's sensor arrays require power over Ethernet and door sensors, with an approximate all-in installation cost of $1,000, including hardware and software, and 50-65% of that cost being installation (12m17s).
  • Having perfect visibility into a campus can help organizations cut space costs, with even a 1% reduction in space potentially paying for itself (12m43s).
  • Large companies, such as those in the Fortune 500, have tens of millions of square feet of office space, making it difficult to maintain visibility and track usage (12m57s).
  • The pandemic highlighted the limited visibility into building usage, as everyone worked from home (13m21s).
  • Density's new product, the Waffle, is a self-installable unit that can be attached to a wall, aimed at reducing installation costs and making the technology more accessible (14m24s).
  • The Waffle is a small, hockey puck-like device that can be used in various settings, including offices and Airbnb spaces, to track occupancy and usage (14m34s).
  • The self-installation feature addresses the biggest pain point for Density's primary customers, which is cost, and opens up possibilities for creative uses of the technology (14m53s).
  • The Waffle's extensibility and potential for integration with other technologies and services, such as "if this then that" style applications, are exciting possibilities for developers and users (15m9s).
  • The product has an occlusion problem due to its wall-mounted self-installed units, which cannot see the entire space, resulting in a capped count at launch (15m37s).
  • The capped count will initially categorize the number of people in a room as zero, one, two, and three plus, with plans to iterate on the algorithm and update it over time (15m46s).
  • The primary use case for the product is to determine if a room is in use (15m58s).

Real-time wayfinding and utilization tracking (16m2s)

  • A building's floor plan can be visualized as a heat map, showing the density of the space at different times, which can be useful for facilities management and return-to-office strategies (16m3s).
  • Amazon has announced that employees must be in the office, while Apple is adopting a three-day workweek, highlighting the value of in-person work (16m37s).
  • Live wayfinding technology can be used to show the availability of rooms in real-time, with a grid system displaying occupied and available spaces (16m53s).
  • The technology uses a grid that shows the major "highways" of the floor plan, with real-time data updating in under 700 milliseconds (17m8s).
  • The system can help prevent issues with conference room reservations and cleanliness (17m40s).
  • A product called Waffle can deploy this technology in a short amount of time, such as an afternoon, compared to four months with traditional methods (18m10s).
  • Waffle requires one sensor per room, with a cost of around $150 per sensor and $8 per month, which is considered relatively cheap (18m42s).
  • The low cost of Waffle can encourage users to deploy it more widely and get value from it, allowing the company to scale (19m16s).
  • The cost of installing sensing technology in buildings can be a significant blocker for companies, with estimates ranging from $1,000 per room to $400,000 for a 10-floor building, although the technology can lead to significant savings in the long run (19m31s).
  • The adoption of sensing technology in buildings is expected to follow a similar curve as Wi-Fi, which took around 25 years to become widely adopted and reach a point where it was considered as good as hardline connectivity (19m53s).
  • Sensing technology is a new infrastructure for buildings, and reducing the cost curve can accelerate its adoption, opening up new possibilities such as dynamic HVAC, real-time availability of spaces, and optimized cleaning schedules (20m32s).
  • The technology can also have a significant environmental impact by reducing energy consumption, water usage, and waste, with 39% of global carbon emissions coming from buildings, half of which are from energy operational carbon and half from building materials (21m52s).
  • Optimizing facilities costs, which account for around $6 per square foot of leased space, can lead to significant returns, particularly in larger offices with many rooms (21m41s).
  • The construction of new buildings is a significant contributor to carbon emissions, with 13,000 net new buildings added every day, and reducing energy consumption in unoccupied areas can make a massive impact on the environment and take load off the grid (22m7s).
  • The benefits of sensing technology in buildings can be seen as a win-win-win, with savings for the environment, the grid, and the person running the office and facilities (22m41s).

Brave - Download today at to browse faster, search privately and so much more (22m45s)

  • Brave is a preferred browser for daily use on mobile phones and desktops due to its focus on privacy, allowing users to browse without being tracked or exposed to ads (22m47s).
  • The reasons for preferring Brave include finding ads to be creepy and a hindrance to loading web pages quickly, as they often come with popups and slow down the browsing experience (22m59s).
  • Brave features a built-in search engine called Brave Search, which is powered by one of the three global-scale web indexes and is not reliant on big tech technology (23m8s).
  • Brave Search has its own independent search engine, with 7 million daily users and 35 million queries, making it the fastest-growing independent search engine since Bing (23m22s).
  • Brave Search can be used without the Brave browser by visiting search.brave.com, allowing users to access the search engine from any browser (23m31s).
  • The Brave browser also includes a built-in VPN, which is particularly useful when browsing from public locations such as cafes (23m38s).
  • Users can try Brave Search by visiting brave.com/twist, which allows them to get better results, protect their privacy, and access answers more quickly (23m48s).
  • Downloading the Brave browser is recommended, as it offers a range of benefits and features that enhance the browsing experience (23m56s).

Data's impact on city planning and operations (23m59s)

  • If a city like New York City had perfect data on how it was used, everything would change, including subway patterns, car movement, rent costs, building construction, and even the number of Starbucks baristas at each cafe, all while maintaining user privacy (23m59s).
  • To achieve this, cities need to solve the distribution problem of getting intelligent devices into every relevant room, but people often get uncomfortable with surveillance technology, which can affect how they use spaces (25m1s).
  • Airbnb has a no-camera policy in its spaces because guests don't want to be observed, which affects the distribution of use, but an anonymous, at-source system could achieve the same goals without making guests uncomfortable (25m25s).
  • A device that can track room usage without surveillance cameras could be a game-changer for hotels, allowing them to know exactly when to send cleaning crews and improving their services (26m30s).
  • The device, which is about 75 millimeters by 20 millimeters in size, can track room usage without invading user privacy, and its final product shots are available on the website (24m48s).
  • The importance of user privacy is highlighted by the fact that people often try to disable or unplug cameras in spaces where they are used, such as in Airbnb rentals (26m11s).
  • A system that can track room usage without cameras could also help prevent parties or other unauthorized events in rental properties, as it would allow owners to monitor usage without invading guest privacy (26m54s).

Sensor costs and impact on adoption (27m12s)

  • A chart showing the cost per sensor over time was discussed, highlighting the importance of the total cost of ownership for adoption, with a more detailed breakdown including installation and core hardware and software costs (27m33s).
  • The chart showed a significant decrease in cost over time, similar to a chart by SpaceX showing the cost per kilogram to get to orbit, with the most interesting developments happening in the bottom right of the chart (28m0s).
  • The cost reduction has a big impact on the types of new places where the technology can be deployed, making it more accessible to businesses such as cafes and hotels (28m27s).
  • The entrepreneur, Andrew, reflected on his journey and learned that hardware is hard, but it can be defensible and more valuable than pure software, especially when building physical systems (29m16s).
  • Andrew advised that to succeed in hardware, one must be willing to take on hard problems and be playful, citing companies like Tesla and Anduril as examples of successful companies that are willing to be playful while building exceptional products (29m59s).
  • He also emphasized the importance of building trust in person, rather than virtually, and recommended that startups should have their teams work from the office rather than being distributed (30m22s).
  • Physical body language plays a significant role in human connection, and in-person interactions can make conversations more enjoyable and allow people to connect on a deeper level, which is not possible with distributed communication (30m37s).
  • A chart from Visual Capitalist shows the cost per kilogram of space flight for various spacecraft, including the Space Shuttle, Delta Heavy, Falcon 1, Falcon 9, Falcon Heavy, and the estimated cost for Starship, demonstrating a significant decrease in cost over time (31m15s).
  • The decrease in cost is expected to lead to increased adoption, similar to how the construction of a six-lane freeway can induce traffic and encourage people to explore new places, as seen in the development of the highway system in America (31m55s).

Unit economics and adoption curves (32m24s)

  • To achieve success, it's crucial to nail unit economics and then work on reducing costs to bring a democratized version of a technology to market, which can lead to amazing things and unlock new possibilities (32m25s).
  • Companies like Uber and Lyft initially had negative unit economics but grew rapidly, and then had to work backwards to change their unit economics to become profitable (33m3s).
  • Other companies like Airbnb, Tesla, and Uber have also transitioned from being money-losing machines to money-printing machines, following the J-curve where investment is key, but unit economics is at the core (33m36s).
  • Understanding unit economics is essential, as it involves knowing how much to charge for a product or service and how much it costs to deliver, to avoid selling at a loss (33m48s).
  • Density's new product, the Waffle, has positive margins, with software gross margins typically being around 80% or higher, and hardware costs being profitable even in the first run (34m5s).
  • The Waffle will be available for purchase on the website in January, but currently, customers need to reach out to the company to buy, with a focus on meeting demand from core customers (34m45s).
  • The first run of the Waffle will consist of a typical EVT, DVT, and PVT process, with around 25-100 units in EVT builds, a couple hundred in DVT builds, and thousands of units in production validation testing (35m14s).
  • Once the production validation testing is complete, the company will move into continuous manufacturing, with thousands of units initially available, followed by supply demand forecasting (35m46s).
  • The growth of a company is being discussed, with the speaker expressing curiosity about how fast it can grow, given the vast amount of space available in the world, and the potential for expansion within existing customer sets and driving net new adoption (36m10s).
  • The company is serving core customers, driving top-of-funnel pipeline, and is excited about experimentation, with the speaker mentioning three categories they are thrilled about (36m45s).
  • A conversation about badging for coffee is mentioned, with the speaker joking that they ruined coffee badging for people who like to swipe and go home to work, and that they are now the biggest "n" in Corporate America (36m53s).
  • Density, a company that provides people-counting technology, is discussed, with the speaker mentioning that they don't know who individuals are, but rather how the space is used and how many people are assigned to it (37m16s).
  • The idea of using sensors to track seat utilization is mentioned, with the speaker joking about putting a sensor in the CEO's seat to know when they are present (37m45s).
  • The potential for using weight sensors in seats to track utilization in buses, subways, cafes, or parks is discussed, with the speaker mentioning that Density is the leader in people-counting technology (38m2s).
  • The speaker expresses excitement about being a board member and friend of Andrew, the founder of Density, and praises the team for their hard work in achieving a "crucible moment" for the organization (38m21s).
  • The speaker acknowledges the challenges faced by the company, including layoffs and restructuring, and expresses respect for the hard work and difficult decisions made by Andrew and the team (38m50s).

OpenPhone - Get 20% off your first six months (39m13s)

  • OpenPhone is a modern business phone solution that works through a single, elegant app on existing phones and desktops, eliminating the need for multiple devices and apps (39m14s).
  • The app allows users to separate business and personal communications, enabling teams to text and call customers and clients without using their personal phones (39m32s).
  • Over 50,000 businesses use OpenPhone, which is a more cost-effective solution compared to traditional phone systems that can cost $500 to $1,000 per person per year (39m48s).
  • OpenPhone costs $13 a month, and TWiST listeners can get an extra 20% off any plan for the first 6 months by visiting OpenPhone.com/TWiST (39m59s).
  • OpenPhone allows easy porting of existing phone numbers from other services at no extra cost, making it a convenient solution for businesses (40m8s).
  • Users can start a free trial and get 20% off by visiting OpenPhone.com/TWiST (40m14s).

Robotaxi fleet modeling project (40m22s)

  • A fleet modeling spreadsheet for Robo taxis is being developed, which breaks down individual questions that can be answered to estimate the number of Autonomous Vehicles (AVs) needed to replace all US trips, including Uber and public transit (40m26s).
  • The model takes into account the maximum number of trips per day a Robo taxi can do, the number of days it is in service, and the costs per unit to estimate the total cost of replacing all cars, Ubers, or parts of public transit (40m56s).
  • The model also includes estimates for a 20% increase in trips due to more options, and the numbers can be adjusted live to see how changes affect the overall estimates (41m30s).
  • According to the National Highway Travel Household National Household Travel Survey 2022, the total trips annually in the United States are 400 billion, with Uber and Lyft trips at 4 billion and public transit trips at 20 billion (41m56s).
  • The number of trips per day for a human-driven Uber is estimated to be around 20, considering factors such as charging and cleaning the car, and the time it takes to get to the next destination (42m20s).
  • The actual number of trips per day for an AV may vary depending on the location, with shorter rides and closer pickups in urban areas and longer rides and farther pickups in suburban areas (42m44s).
  • The number of days an AV is on the road also affects the estimates, with a suggested 90-95 days of maintenance per year, based on 6 hours of daily maintenance (43m28s).
  • The estimates do not take into account regulatory and consumer adoption, as well as the actual building of the cars, which are important factors to consider (43m46s).
  • The estimated cost to replace the entire fleet of cars in the United States with autonomous vehicles (AVs) is between $2.2 trillion and $9 trillion, depending on the cost per vehicle, with Waymo's prices being the highest at around $120,000 per car, and Tesla, BYD, and BYD's prices being lower at around $30,000 per vehicle (44m6s).
  • The cost of replacing the entire fleet of cars in the United States is a significant opportunity, with the total cost being comparable to the amount of money Apple has in the bank, which is around $200 billion (44m34s).
  • Regulatory risk and consumer adoption are significant factors that will impact the adoption of AVs, with estimates suggesting that 50% of people may want to give up their cars, but the actual number is unknown (45m12s).
  • The time it takes to build the necessary number of AVs is also a significant factor, with Tesla's production capacity being a key consideration, and the company's ability to increase production by 20% per year being a crucial factor in meeting demand (45m55s).
  • Based on Tesla's production capacity, it is estimated that it would take the company around 10-15 years to replace half of the cars in the United States, assuming a production ramp of 20% per year (46m48s).
  • If all car manufacturers were to adopt AV technology, it is possible that the entire US car market could be replaced with AVs, assuming regulatory hurdles are overcome and production capacity is increased (47m1s).
  • Efficiency is a key factor in the adoption of AVs, with the potential for significant cost savings and increased productivity (47m35s).
  • Increasing the number of trips per day for cars in a robo taxi fleet can significantly reduce the number of cars needed, costs, and maintenance expenses, ultimately leading to better economics (47m36s).
  • To achieve this, it's essential to keep expensive assets on the road during their prime and consider micro-scale maintenance and cleaning within cities to minimize downtime (47m56s).
  • The potential impact of this shift in economics could be substantial, with a possible J-curve effect that could change the world quickly, similar to how cars replaced horses and buggies in the past (48m9s).
  • The rollout of this new technology could be rapid, with a potential comparison to the transition from horses and buggies to cars, which could provide insight into the speed of adoption (48m20s).

Google and Kairos nuclear power deal (48m33s)

  • Google has partnered with Kairos, a nuclear power company, to purchase nuclear energy from multiple small modular reactors (SMRs), marking the world's first corporate agreement of its kind (48m49s).
  • The deal is significant as it highlights Google's commitment to nuclear power, with other tech companies also investing in the sector (49m16s).
  • Microsoft has also made a move in the nuclear power sector, turning on Three Mile Island, and Amazon has made several deals, including a partnership with Energy Northwest for four advanced SMRs in Washington state (49m27s).
  • Amazon's other deals include a partnership with Dominion Energy to build an SMR in Virginia, where many of its data centers are located, and an investment in X-energy, a nuclear power startup (49m42s).
  • The increasing interest in nuclear power from tech companies is notable, with several major players now committed to the sector in the US (49m36s).

Amazon's nuclear energy agreements (50m0s)

  • Hyperscalers on the cloud will likely be involved in nuclear power through payment, investment, or purchase due to the increasing demand for energy consumption, particularly with the growth of data centers (50m0s).
  • Small modular reactors (SMRs) are different from traditional large nuclear reactors, being smaller, safer, and less of an eyesore, with the added benefit of not being prone to meltdowns (50m14s).
  • The Fukushima disaster led to a shift in public opinion against nuclear power, especially in Germany and Europe, but attitudes have changed in recent years, with the US now poised to become a leader in nuclear energy again (50m43s).
  • The turning point in public opinion can be attributed to the realization that nuclear power is a necessary solution to meet the increasing energy demands of data centers and the need for clean, baseload power (52m32s).
  • Environmentalists who were previously anti-nuclear are now less vocal in their opposition, as the reality of energy consumption and the need for sustainable solutions has changed (52m3s).
  • The growth of data centers, which are expected to become the largest buildings in the world, has created a huge demand for power, making nuclear energy an attractive solution (52m35s).
  • The involvement of entrepreneurs, such as Bill Gates, who have invested heavily in nuclear energy despite initial losses, has helped to drive innovation and make the technology safer (53m55s).
  • The combination of global events, such as Germany's dependence on Russian energy, and the influence of AI and data centers, has created a perfect storm that is driving the adoption of nuclear energy (54m4s).
  • Large companies like Google, Microsoft, and Amazon are now willing to pay for nuclear energy in advance, providing a lifeline to smaller modular nuclear reactor companies and driving growth in the industry (54m11s).
  • The US is expected to become a leader in nuclear energy again, which could be transformative for humanity, particularly in light of the country's recent success in becoming a net exporter of natural gas and the plummeting cost of solar energy (54m49s).

Solar and fracking trends (55m9s)

  • The goal is to provide listeners with data and insights to make them the smartest person in the room when discussing issues like self-driving and solar energy, with a focus on being the most informed person to make decisions (55m28s).
  • A new trend is happening in solar energy, with the US becoming an energy exporter, and small nuclear reactors getting customers, with the government stepping out of the way (55m51s).
  • In Australia, there's a phenomenon called "minimum system load event" where there's too much energy being created in a day, causing the grid to become unhealthy and requiring the dampening of certain power sources like solar (56m15s).
  • Rooftop solar and solar arrays have become popular in Australia, leading to times when there's too much power generation, and the grid needs to be managed to prevent overproduction (56m44s).
  • The popularity of solar energy has led to a surge in startups working on power storage solutions, with companies around the world developing innovative technologies like flying wind turbines and offshore water storage for power (57m10s).
  • On Monday, the discussion will focus on solar energy, exploring what would happen if 50% of energy comes from solar sources, and examining the impact on society, including in India where people are building their own energy systems using cheap solar cells and batteries (56m35s).
  • In India, solar cells have become so affordable that people are buying them, building their own energy systems, and even reclaiming batteries to power their homes (58m1s).
  • The idea of building a solar farm on a ranch is being explored, considering the possibilities of using an acre of land for solar energy and the potential for storing excess energy in batteries (58m21s).
  • People are looking for ways to live off-grid and be less dependent on the government and foreign countries, which is partly due to the awareness of resiliency in homes and countries added by COVID-19 (59m8s).
  • This desire for self-sufficiency is not necessarily an anti-globalization theme, but rather a desire for personal independence, as the technology required for off-grid living often relies on a global supply chain (59m35s).
  • There are various ways to achieve this independence, such as using shipping containers filled with batteries for energy storage, which can be a cheaper solution than traditional power walls (58m59s).
  • Redundancy and resiliency are key themes in this movement, with people seeking to have backup systems in place, such as multiple internet providers, to ensure they remain connected and self-sufficient (1h0m52s).
  • The use of solar power and homesteading, including keeping chickens for a steady supply of eggs, are also part of this trend towards self-sufficiency and financial independence (1h1m43s).
  • This movement is not limited to specific locations, with people in various parts of the country, such as the Bay Area, also adopting these practices (1h2m14s).
  • The desire for self-sufficiency is driven by concerns about globalization, weather events, and cost and inflation, with people seeking to be independent of grid issues and have a steady supply of food and energy (1h1m24s).
  • A person named Emily has chickens in the Valley and her neighbors, who also have chickens, would often give them eggs because they had an overabundance, with some having 10 chickens and getting 20 eggs a day (1h2m22s).
  • Jason is obsessed with the concept of fire, but not in the sense of retirement, rather as a counterbalance to his care for humanity's happiness, which he believes should be a top goal for governments (1h2m50s).
  • Jason thinks that happiness is closely tied to people's sense of independence, agency, and resilience, and that many Americans lack these feelings due to various fears, such as running out of food, money, or healthcare (1h3m14s).
  • Entrepreneurship is seen as the pinnacle of independence, resiliency, and agency, allowing individuals to take control of their lives and become less dependent on others (1h4m1s).
  • The TWiST program will be airing three to four times a week, with a live show on Wednesdays at 12:00 p.m. Texas time, and will feature a mix of topics, including entrepreneurship and independence (1h4m17s).
  • Viewers are encouraged to sign up for Alex's newsletter, which costs $100 a year, and to suggest potential guests for future episodes (1h4m9s).
  • The TWiST team, including Jason and Alex, will be back with more episodes, and they invite their audience to stay tuned and engage with them on social media platforms (1h4m46s).

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