E15: Nic Carter on Balaji's Bet, Operation Chokepoint 2.0, and the Fed's financial crisis

Writer, VC, and podcaster Nic Carter joins us to talk about Balaji's bet, Operation Chokepoint 2.0, and the Fed's financial crisis. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/zen  We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com. RECOMMENDED PODCAST: The HR industry is at a crossroads. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact? Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners, Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors. Check out the first episode with the architect of Netflix’s culture deck Patty McCord. https://link.chtbl.com/hrheretics Podcast Info: (0:00) Intro (3:00) Reflections on Balaji episode  (10:00) Coinbase and SVB (14:00) Sponsors (15:00) Operation chokepoint 2.0 (16:45) We find out the reason for Antonio’s circumcision (25:00) Crypto banking crisis (36:00) How much of crypto is new? (38:40) Main benefits of crypto  (47:20) Finance is politicized  (55:00) Defining a CDBC (1:02:00) Nic’s biggest crypto beef (1:07:30) Nic’s take on Balaji’s bet (1:12:30) Why crypto should vote republicans next election (1:19:30) We’re in a financial crisis caused by the fed (1:20:30) Our options for addressing the crisis (1:27:00) If we were kings for a day how we’d solve it (1:28:50) Nic would rather cut rates than raise rates (1:30:00) AI is the U.S.’s main hope SPONSORS: Beehiiv | Shopify | Netsuite | Secureframe 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 “MOZ” for 20% off your first three months -Shopify: https://shopify.com/momentofzen 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 e-commerce 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 e-commerce 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/momentofzen -NetSuite: http://netsuite.com/zen  NetSuite provides financial software for all your business needs. More than thirty-six thousand companies have already upgraded to NetSuite, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you're looking for an ERP platform ✅ NetSuite: http://netsuite.com/zen and defer payments of a FULL NetSuite implementation for six months. -Secureframe (www.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 MOMENT OF ZEN during your demo to get 20% off your first year.