E4: David Sacks on His Intellectual and Political Journey

David Sacks is known as a CEO/investor in multiple unicorns, and most recently a media mogul with All-In. In this episode, we trace David’s intellectual and political history from his days fighting student activism at Stanford to now. We cover the political and cultural changes in the last 30 years of silicon valley, how the real distinction today is between the college-educated and the not, and how even though 2⁄3 of the country didn’t go to college, their views are not represented in our institutions today. This episode was recorded in December 2022 but is just as relevant today. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/UPSTREAM -- TIMESTAMPS: (00:00) Episode Preview (03:18) How did tech become less free speech oriented? (04:30) Why is PayPal so woke? (09:25) Corporations and governments collaborating to censor (10:30) Tracing political history in Silicon Valley  (18:45) College educated vs. not is the biggest difference in US (24:50) Sponsors: Secureframe (27:22) David’s experience with student activism in the 1990s (29:00) David’s evolution on foreign policy  (32:15) U.S. Russiaphobia (35:45) Why David supports big-tech regulations (49:00) Is classical liberalism a dead end? (54:00) Elon’s character arc and political journey (01:06:33) Employee entitlement was a bull-market phenomenon (01:11:15) Accountability for elites is the solution Please support our sponsors: Beehiiv | Shopify | Secureframe | Mercury Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝to https://Beehiiv.com and use code "UPSTREAM" for 20% off your first three months Shopify: https://shopify.com/torenberg for a $1/month trial period Shopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all ecommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries. From their all-in-one ecommerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/torenberg. - Secureframe: https://secureframe.com/ Secureframe is the leading all-in-one platform for security and privacy compliance. Get SOC-2 audit ready in weeks, not months. I believe in Secureframe so much that I invested in it, and I recommend it to all my portfolio companies. Sign up for a free demo and mention UPSTREAM during your demo to get 20% off your first year. - Mercury: https://mercury.com/ Now more than ever, startup founders need a safe place to put their cash. Mercury protects your money and also provides the streamlined user experience that great founders expect through partner banks and their sweep networks.Mercury offers up to $5 million in FDIC insurance, which is 20 times the per-bank limit. They also make it easy to invest any cash above the FDIC-insured amount in a money market fund, a hundred thousand startups trust Mercury with their finances. I've been a happy Mercury customer and have found their team incredibly helpful and responsive. Mercury is a financial technology company, not a bank. Banking services are provided by Choice Financial Group and involve bank and trust members FDIC. -- This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].