My First Million
00:15:28 · Shaan Puri
[00:15:28] S0: It's... If you've ever seen how, like, the iPhone factory works, where it's this incredibly automated factory in China, where they're just spitting out these incredible devices that a billion people will use, and it's, like, the highest quality manufacturing you can do. These guys are doing that, but they're making homes instead of iPhones. And so they figured out, you know, each part of the the home, like, how to how to build it, and they're building these, like, luxury homes that are modular, can be assembled on the spot, almost like LEGO block style. If you go look at look at their earthquake simulator, he basically was showing me. He's like, yeah. Like, we made this home. And, you know, just to test the seismic resilience of it, we had to build in the factory a earthquake simulator where we could put this, you know, 5,000 square foot home or whatever, and then we can run it through the five biggest earthquakes that have happened on Earth in the last fifty years. So, hey. Let's push this button, and that's the Chilean earthquake. Let's push this button, and that's the huge one that happened in, you know, Morocco or whatever. And it's basically shaking the home, making sure that it's it's architecturally sound, that it doesn't... You know, what... And they're iterating on these homes daily. And then they take the home, and they put it... Right now, they just put it outside the factory. So outside the factory, there's, like, a 100 homes in a row where the workers just go live. As they're building, they're, like, iterating over their prototypes every single day. It is like one of the most insane projects in the world right now. Most people have no clue it's even happening. It's like Elon level of ambition, technical scope, change the world when it works type of shit. And it's real. This is not like Pipe Dream. It's not Silicon Valley where you're like raising money. These guys raised no money. They put a billion dollars of their own personal capital into funding this thing. Took no external capital, and they're just building it in China. They... And they've... Because they've spent twenty years building highly automated factories in China. They started in the toy business. And I I don't know if you know this, but the toy business is like... If you, like, if you ask Elon who he admires in terms of manufacturing, he'll say Lego.
00:17:24 · Shaan Puri, Sam Parr
Because to manufacture at scale with absolute precision, a Lego block that's gonna perfectly fit into every other Lego block. It can't be off even by, like, the smallest amount. Or, like, when they were doing the Tesla cars, he would famously... Like, there's a meeting where he had a a Hot Wheels car, and he's like, hearing all the problems of their assembly line. He's like, well, why don't we do it like this? You know, they just inject the whole bottom thing as one mold. It's not 200 pieces. It's one mold. And they're like, well, Elon, that's a tiny car that's two inches big. He's like, yeah. But what if we just made it bigger? And they built their own custom, like, molding thing for the bottom of cars, and they actually pulled it off, and it radically simplified their assembly process. And now... And then they got ahead of all the other car manufacturers. They're the only ones that did it for, like, seven years because they owned all the machines that were the only... They built the only machines that could do it at that size. And so being great at toy manufacturing actually translates really well to manufacturing other things. [00:18:21] S1: Are you... Is that your presentation? Are you done, or is there more? Because I wanna I wanna I wanna talk to you about it, [00:18:26] S0: but I don't wanna, played off the stage? Oh, yeah. No. No. No. No. [00:18:29] S1: I wanna ask you about it, but I don't wanna, like, derail it.
00:18:31 · Shaan Puri
[00:18:31] S0: Let me just give you... Okay. I'm just gonna say the other ones. I'm not even gonna explain them. Alright. New materials. I don't even fully understand this. I would need to go hang out with some crazy people, because this is like when you hear it, and it's crazy talk. But there's people in San Francisco, they're trying to literally do alchemy. They're like, oh, made gold. We figured out we can literally make gold out of this other material. Or they're literally trying to just invent new materials. So actual material science is happening. I find that to be interesting but way above my pay grade. FSD for everything. So full self driving everything. So I don't think people understand. Like, self driving cars are definitely here. Like, I I get in my Tesla every day. I push the button. It drives 90 something... 95% of all the miles. The only time I take over is basically in parking lots where I wanna pick my spot, and I don't like the spot it's gonna pick for So it's crazy how self driving works, but they're now applying that to everything. So forklifts inside of warehouses, machines that go clean windows at the top of skyscrapers. So it's basically, like, the machines that will fix the world. Like, how do you go get the barnacles off the ship? How do you go, you know, maintain bridges that are not being maintained today? And so people are building the machines that will go automatically go maintain our world, our living world that today, like, takes a lot of human effort to go maintain. Weather and oceans. We had Will O'Brien on, and he was talking about, like, basically ocean tech. So the way that space and space tech has gotten super hot with SpaceX and others, ocean tech is, you know, right around the corner for the same thing. And the last one is human body hardware. So this is Neuralink. This is basically... It's AI in the world of things, but the things are us. And, you know, I have a friend, Tyler, who's been working for years on this thing called Atom Limbs, and he...
00:20:11 · Shaan Puri
Basically, you know, he's like, you know, somebody goes to war, they fight for our country, they lose their arm or their leg, they're given this really shitty prosthetic, like, stiff piece of plastic, this piece of junk, where the technology is actually out there now where you can put a robotic arm onto your arm that you can use your mind to say, pick that up, and it'll pick it up. It's kind of a shame that we just haven't done the engineering to bring the cost down for people who come back from wars or have like, you know, tragedies where they lose a limb. We can actually give them a really superior limb if we just do the do the hard work and engineering to actually bring the cost down where it's affordable, and let people know that this exists, and you don't have to have a prosthetics dump. And I think that's really inspiring to me.
00:20:54 · Sam Parr
[00:20:54] S1: This is awesome. I feel very optimistic because I've been like trying to figure out, I read a lot of history because I'm trying to one thing, figure out what makes America so special? Like how did this experiment come to be? It's pretty crazy how like these group of guys like had this opinion on what the world should be, and two fifty years later, it's mostly great. And I was reading books on it, and between like 1880 and like 1970 or so, there was this massive explosion of American growth. And part of it was like our values and ideas, like this idea of individual liberty, equality, private property, capitalism, like that all like combined, and we were the first country that was founded with that collective group of principles. We were the first one that really had that. But one of the reasons why America became so special was in like the 1890s, 1880s or so, Rockefeller discovered oil, and then soon after Carnegie started creating steel using iron ore. And we had so many resources in America that basically everyone talks about the gold rush. The bigger rush was out of Duluth, Minnesota, where we had this massive mine that created this stuff called iron ore, which was used to create steel. And we also had huge copper mines and you could put it on a ship based out of Duluth and it could go through the Great Lakes, which is basically the size of an ocean and Great Lakes are huge. And it could get up to New York and get up to all these amazing places really, really fast. So the point where in the 1950s, we were transporting so much iron ore that that was enough to create 50,000,000 cars a year. That's how much we were transporting on the Great Lakes. And then we were growing all this food in the farmlands because of America, because one of America's greatest abilities is to grow tons and tons of food. And so we had all these people and we had 50 states that were tariff free. And so, like, I was reading about, like, the massive resources in America and that we don't get enough credit. I mean, was luck, but we don't get enough credit. Like that's one of the reasons that made us great. And then the 1940s, World War II happened and every place in Europe and a lot of places in North Africa, in Asia were destroyed, but we were good. We were good because A, we were so far away and B, we didn't get destroyed.
00:23:10 · Sam Parr
And so I was thinking, I'm like, it feels like we're gonna go through another one of these things because if you look at the data center creation in America, it's like way beyond most every other country right now. And it feels like we're gonna go through this... Another one of these industrial revolutions simply because of our entrepreneurial spirit, but also the huge amount of resources, including people. We have so many people working on this stuff. And so whenever you talk about this, I'm like, America is gonna go through this massive, massive explosion. I don't know how it's gonna look. I don't know how long it's gonna take, but it seemed very comparable to the industrial revolution.