E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars

TL;DR

The Bestie Awards for 2021 recognize the best and worst moments of the year, including notable figures and events. Categories include politics, business, science, investments, and turnarounds.

Transcript

hey everybody welcome to another episode of the all in podcast and it is our year end episode it is our 2021 bestie awards this is where we give our awards for the best and worst of what happened in 2021 we did it last year kind of half-heartedly but this year hopefully we put a little bit more work into it with me again of course david friedberg u... Read More

Key Insights

• 🏑 The Bestie Awards provide recognition for notable achievements and failures in various fields.
• ✌️ Politics witnessed surprising victories for unconventional candidates and major setbacks for progressive leaders.
• 😮 Business experienced surprising shifts, including the rise of decentralized finance and the exploration of the metaverse.
• 🔬 Science breakthroughs showcased advancements in biotechnology, genetic editing, and antiviral medication.

Questions & Answers

Q: What were the major political winners and losers of 2021?

Eric Adams and Joe Manchin emerged as political winners, while Elizabeth Warren and Kamala Harris were considered losers due to perceived failures and low approval ratings.

Q: What were the key business surprises of the year?

The unexpected rise of Miami as a tech hub, the success of Tiger Global's investment strategy, and the resilience of entrepreneurs in the face of challenges were the major business surprises.

Q: Who were the standout CEOs and investors in 2021?

Satya Nadella of Microsoft, Brian Armstrong of Coinbase, and Dan Loeb of Third Point were recognized as standout CEOs. The Sequoia fund was acknowledged as the best investor, while other notable investors include Tiger Global and Founders Fund.

Summary & Key Takeaways

• The Bestie Awards celebrate the best and worst of 2021, highlighting achievements and failures in various fields.

• Notable winners in politics include Eric Adams for his mayoral victory in New York City and Joe Manchin for his influential role in the Senate.

• Elizabeth Warren is viewed as a loser due to her failed attempts to enact progressive policies.

• The surprising development was the invasion of the Capitol building by insurrectionists, revealing the vulnerability of institutions.

• In business, the retail investor class emerged as winners with their ability to influence the market and challenge institutional investors.

• The biggest loser in business was identified as the woke socialist leadership of cities, who failed to address safety concerns and lost the trust of their citizens.

• The best science breakthroughs include in vivo genetic code injections for gene editing, the starch synthesis system, and the development of oral COVID antiviral pills.

• Thought leaders in the metaverse and Web3 were seen as a flash in the pan, as the focus shifted towards tangible solutions and value creation for users.

• Best CEO awards were given to Satya Nadella, who transformed Microsoft, and Brian Armstrong, who made courageous decisions at Coinbase.

• The best investor title went to Dan Loeb of Third Point for his wide range of successful investments in early stage, growth, and activist strategies.

• The Sequoia fund's transition to an evergreen structure was recognized as the best turnaround, allowing LPs to retain their investments.

• The reputation turnaround of Kyle Rittenhouse, who was acquitted of charges related to the Kenosha shootings, was considered noteworthy.

• WeWork's recovery from a troubled period was also highlighted as a successful turnaround.