All-In with Chamath, Jason, Sacks & Friedberg E165: Vision Pro: use or lose? Meta vs Snap, SaaS recovery, AI investing, rolling real estate crisis
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Feb 9, 2024 The conversation kicks off with a comedic take on acquiring the elusive Apple Vision Pro. A deep dive into the competitive landscape reveals the stark contrasts between Meta's recovery and Snap's struggles. The revival of the cloud computing market offers a glimmer of hope for investors. Meanwhile, a split emerges among VCs on how to tackle AI investments. The discussion wraps up by tackling the ongoing challenges in the commercial real estate sector, highlighting the stark divide between over-saturated office spaces and an acute housing shortage.
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Stock-Based Comp Comparison
- David Friedberg highlights Snap's excessive stock-based compensation compared to its free cash flow.
- He contrasts this with Meta's approach of share buybacks and lower stock-based compensation.
SaaS Rebound
- David Sachs observes a rebound in SaaS growth after several quarters of deceleration.
- He cites improving cloud performance and Atlassian's growth as positive indicators.
Building vs. Buying
- David Friedberg discusses building in-house software.
- He explains this trend is driven by cost considerations and increased internal software development capabilities.