All-In E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more

Fast Shutdown & Board Oversight

• Fast.com, a one-click checkout startup, announced shutdown after burning through $10M/month while only generating ~$50k/month in revenue
• The company had raised $124M total, including a $102M Series B led by Stripe
• Discussion centered on board culpability and governance failures, with Stripe and Index Ventures on the board
• The hosts emphasized the importance of proper board oversight and financial governance, suggesting Fast could have survived if they had "slammed on the brakes" 3-4 months earlier

Elon Musk Buying Twitter Stake

• Musk purchased 9.2% stake in Twitter, becoming largest individual shareholder
• Discussion of Twitter metrics: 217M daily active users, $1.5B Q4 revenue
• Hosts viewed this positively for free speech, with Sacks noting Musk "cannot be pushed around"
• Chamath suggested if Musk "makes free speech cool again" it could be more impactful than his work at SpaceX/Tesla

Evolution of Content Moderation

• Extended discussion about content moderation and deplatforming, from Alex Jones to Trump
• Chamath acknowledged his views had evolved to be more pro-free speech after seeing escalating censorship
• Debate about whether social platforms should have complete freedom to moderate vs serving as public squares
• Discussion of Trump's potential return to platforms, with mixed opinions on time-based bans vs permanent bans

Ukraine Conflict & Food Supply Impact

• Friedberg detailed concerning impacts on global food supply chain
• Highlighted reduction in US corn planting (down 4M acres) due to fertilizer issues
• Explained why food system lacks flexibility to easily substitute different caloric sources
• Predicted severe impacts on food security in developing nations while wealthy nations stockpile supplies

The episode concluded with strategic discussions about US priorities, with Chamath emphasizing energy independence and control of critical industries, while Sacks focused on pivoting attention to containing China's rise as a peer competitor.