Meeting Title: Weekly-Data-Review Date: 2024-04-12 Meeting participants: Bencohen, Uttam Kumaran
WEBVTT
1 00:12:09.900 ⇒ 00:12:10.620 Hey, Bethany.
2 00:12:10.620 ⇒ 00:12:11.210 bencohen: Yeah, are.
3 00:12:12.495 ⇒ 00:12:13.709 Uttam Kumaran: Are we on?
4 00:12:14.200 ⇒ 00:12:15.830 bencohen: Good. I was giving you an out
5 00:12:17.780 ⇒ 00:12:19.399 bencohen: you want to tell. I
6 00:12:19.670 ⇒ 00:12:22.279 bencohen: you never know what’s going on ever everything good.
7 00:12:22.670 ⇒ 00:12:25.284 Uttam Kumaran: Yeah, everything’s good. I know.
8 00:12:26.340 ⇒ 00:12:30.310 Uttam Kumaran: I was talking a little bit over email about some of the scraping stuff
9 00:12:30.470 ⇒ 00:12:33.419 Uttam Kumaran: with Dan. I don’t know if you had a chance to
10 00:12:33.970 ⇒ 00:12:38.785 Uttam Kumaran: chat with him about any of that. Or maybe I’ll email him or give him a ring today.
11 00:12:39.320 ⇒ 00:12:42.150 bencohen: About it. I saw him yesterday in the morning.
12 00:12:43.950 ⇒ 00:12:46.679 bencohen: I was more been more focused on other things.
13 00:12:47.323 ⇒ 00:12:48.270 bencohen: Like Eunice.
14 00:12:49.710 ⇒ 00:12:56.570 bencohen: just some other priorities that we’ve got going on. So we didn’t get too deep into it. So you can just email us both, whatever update you’ve got.
15 00:12:56.970 ⇒ 00:12:58.629 Uttam Kumaran: Okay, basically, like
16 00:12:58.870 ⇒ 00:13:01.759 Uttam Kumaran: we saw the results on that initial
17 00:13:02.306 ⇒ 00:13:10.610 Uttam Kumaran: like that post pilot campaign. And I’ve been talking to Kim. And then I think, roughly like it was good to kind of canvas
18 00:13:10.660 ⇒ 00:13:18.592 Uttam Kumaran: and see how much we can get those leads, both on the services side, the service service services side and the
19 00:13:19.110 ⇒ 00:13:21.349 Uttam Kumaran: actual residential. And then
20 00:13:21.400 ⇒ 00:13:24.813 Uttam Kumaran: maybe we can test in a specific area
21 00:13:25.310 ⇒ 00:13:31.212 Uttam Kumaran: and the Ca, the actual marketing thing for the direct mail looks really really strong, too.
22 00:13:31.960 ⇒ 00:13:35.359 Uttam Kumaran: but then, like the average order value is so high. So
23 00:13:35.520 ⇒ 00:13:38.449 Uttam Kumaran: it didn’t take much to get a really really good return.
24 00:13:38.450 ⇒ 00:13:38.850 bencohen: Yep.
25 00:13:40.680 ⇒ 00:13:48.039 Uttam Kumaran: So maybe I’ll just summarize like what some of the options are, and then even talk to Kim about what a small test would look like, and then.
26 00:13:48.040 ⇒ 00:13:50.640 bencohen: Time. It’s the perfect time. So.
27 00:13:50.640 ⇒ 00:13:51.210 Uttam Kumaran: Okay.
28 00:13:51.210 ⇒ 00:13:55.119 bencohen: Yeah, get that email when we hang up. Let’s get that email out and let’s get the wheels
29 00:13:56.090 ⇒ 00:13:59.170 bencohen: turning. I signed the Unis contract.
30 00:13:59.260 ⇒ 00:14:01.490 bencohen: I told him
31 00:14:02.490 ⇒ 00:14:04.129 bencohen: privately, I was like
32 00:14:04.300 ⇒ 00:14:06.840 bencohen: you need to. You know, we’re not going to have another
33 00:14:07.010 ⇒ 00:14:13.060 bencohen: 9 month extravaganza. I was like, we’re gonna have like a 9 day one. I was like, you don’t have time. I was like, I’m not giving you the time.
34 00:14:13.330 ⇒ 00:14:16.299 bencohen: And he was like, All right, and he’s and you can see it. He’s moved.
35 00:14:16.920 ⇒ 00:14:18.039 Uttam Kumaran: Good. I mean, yeah.
36 00:14:18.040 ⇒ 00:14:21.920 bencohen: The growing pains are gone. I think that we, whatever
37 00:14:22.010 ⇒ 00:14:23.419 bencohen: happened in the past.
38 00:14:23.420 ⇒ 00:14:27.740 Uttam Kumaran: I mean, it’s clearly that it’s clear that they can move quick. So
39 00:14:28.330 ⇒ 00:14:30.870 Uttam Kumaran: I was like, I don’t know what happened before.
40 00:14:30.870 ⇒ 00:14:32.749 bencohen: Well, I know what it was.
41 00:14:33.450 ⇒ 00:14:35.949 bencohen: Dad was quarterbacking, and he’s not.
42 00:14:36.490 ⇒ 00:14:39.820 bencohen: He forgets. So you know, cause there’s a lot going on. So
43 00:14:40.380 ⇒ 00:14:45.049 bencohen: one day he’s pushing them really hard, and then they probably reply, and he doesn’t see it.
44 00:14:45.090 ⇒ 00:14:47.599 bencohen: And then they’re like, I guess it’s not that important. And then
45 00:14:47.950 ⇒ 00:14:52.779 bencohen: a month passes, and and you know, where were we again? And then that, you know, we have to figure out where we were.
46 00:14:53.960 ⇒ 00:14:54.880 bencohen: I just
47 00:14:55.620 ⇒ 00:15:02.480 bencohen: I just like, I just like hammer them in one day. I’m like, I need this by tonight. And you know, there’s no other way. This is, gonna go.
48 00:15:02.770 ⇒ 00:15:03.360 bencohen: Yeah, yeah.
49 00:15:03.360 ⇒ 00:15:07.050 Uttam Kumaran: So one thing one thing I can actually look at, too, is like
50 00:15:07.110 ⇒ 00:15:11.049 Uttam Kumaran: how the current unice pricing has been working
51 00:15:11.680 ⇒ 00:15:14.719 Uttam Kumaran: since we kicked all the stuff in Florida.
52 00:15:17.020 ⇒ 00:15:23.400 Uttam Kumaran: because we have all that data coming in now and then we’ll see the count. We’ll see this most recent stuff, too. Once it starts going.
53 00:15:24.420 ⇒ 00:15:26.010 bencohen: Yeah, I think the key now is
54 00:15:26.520 ⇒ 00:15:28.530 bencohen: you and Chuck gotta figure out
55 00:15:28.920 ⇒ 00:15:32.500 bencohen: with Mike where we are going to ship to.
56 00:15:32.830 ⇒ 00:15:33.205 Uttam Kumaran: Okay.
57 00:15:34.220 ⇒ 00:15:37.920 bencohen: And let’s have that figured out so that, like we can just turn it on next week.
58 00:15:38.060 ⇒ 00:15:42.190 bencohen: I think we can’t just turn it on. Chuck needs to get a trailer out there.
59 00:15:42.280 ⇒ 00:15:43.310 bencohen: which is fine.
60 00:15:45.350 ⇒ 00:15:48.030 bencohen: We’ll do that we’ll get. We’ll get a we’ll get a big
61 00:15:48.210 ⇒ 00:15:49.220 bencohen: trailer.
62 00:15:49.360 ⇒ 00:15:52.519 bencohen: It’ll drive across country, they’ll be inventoried.
63 00:15:52.650 ⇒ 00:15:53.900 bencohen: and then we can start.
64 00:15:54.400 ⇒ 00:15:55.080 Uttam Kumaran: Okay.
65 00:15:55.865 ⇒ 00:15:59.059 bencohen: But that’s that’s kind of the for me, the most important thing, because
66 00:16:00.230 ⇒ 00:16:05.039 bencohen: you can already see with Florida within Florida. We’re already saving a lot of money.
67 00:16:05.740 ⇒ 00:16:08.406 Uttam Kumaran: Yeah, we are. I’m just even looking at it now.
68 00:16:09.940 ⇒ 00:16:13.853 Uttam Kumaran: yeah, it’s still, we’re we’re doing really well with with Unis overall.
69 00:16:14.180 ⇒ 00:16:17.139 bencohen: It’s just at this point. It’s just it’s very clear that
70 00:16:17.150 ⇒ 00:16:22.040 bencohen: we, you know, like shipping a heat pump to California from yeah, pank is just.
71 00:16:22.730 ⇒ 00:16:23.330 Uttam Kumaran: Brittle.
72 00:16:23.330 ⇒ 00:16:27.470 bencohen: 5, 600 bucks, and Eunice’s most busy hub is California.
73 00:16:27.720 ⇒ 00:16:28.020 Uttam Kumaran: Okay.
74 00:16:28.320 ⇒ 00:16:33.640 bencohen: Not even Florida. They have. They have actual delivery trucks in Flor in California.
75 00:16:33.980 ⇒ 00:16:35.429 bencohen: It’s a whole different beast.
76 00:16:35.770 ⇒ 00:16:36.810 Uttam Kumaran: Oh, okay.
77 00:16:36.810 ⇒ 00:16:38.030 bencohen: We need to just like
78 00:16:38.270 ⇒ 00:16:41.870 bencohen: not be shipping. Yeah, I don’t know what. What’s what’s going to be the the
79 00:16:41.970 ⇒ 00:16:44.590 bencohen: where are we gonna cut this off, but, like there’s probably.
80 00:16:44.960 ⇒ 00:16:46.090 Uttam Kumaran: Yeah, I guess, like.
81 00:16:46.090 ⇒ 00:16:47.180 bencohen: Don’t want to.
82 00:16:47.180 ⇒ 00:16:50.389 Uttam Kumaran: Asking the question, yeah, exactly. So that’s what I thought.
83 00:16:50.390 ⇒ 00:16:53.929 bencohen: 1, 3, something like that. And then after that we we shouldn’t touch anything.
84 00:16:54.880 ⇒ 00:16:57.529 Uttam Kumaran: That’s exactly what I think. I mean California.
85 00:16:57.750 ⇒ 00:17:01.060 Uttam Kumaran: Washington. That area is like the worst.
86 00:17:01.250 ⇒ 00:17:02.940 bencohen: Arizona. Bad.
87 00:17:02.940 ⇒ 00:17:06.660 Uttam Kumaran: Arizona, but again, like heavy in terms of sales
88 00:17:06.849 ⇒ 00:17:08.160 Uttam Kumaran: so like worth
89 00:17:09.220 ⇒ 00:17:17.620 Uttam Kumaran: worth going with them. One thing I’m gonna actually look at, I mean, I’m looking at the cost per pound data for Unis, and it’s really good. I don’t know what the
90 00:17:17.720 ⇒ 00:17:22.460 Uttam Kumaran: the volume has been, but we’ll definitely get more to like
91 00:17:22.849 ⇒ 00:17:26.330 Uttam Kumaran: on average, what’s working out, and I’ll be able to see it by zone.
92 00:17:26.668 ⇒ 00:17:30.129 Uttam Kumaran: But yeah, you. Still, the Ltl is like more than 2 bucks
93 00:17:30.250 ⇒ 00:17:31.520 Uttam Kumaran: per pound.
94 00:17:31.520 ⇒ 00:17:31.955 bencohen: Yeah.
95 00:17:32.390 ⇒ 00:17:35.277 Uttam Kumaran: Thing else is like quite a bit
96 00:17:36.280 ⇒ 00:17:38.624 Uttam Kumaran: under which is good
97 00:17:39.400 ⇒ 00:17:41.830 Uttam Kumaran: like both ups.
98 00:17:42.890 ⇒ 00:17:46.629 Uttam Kumaran: And Fedex is still hovering. It’s some Fedex is kind of
99 00:17:47.380 ⇒ 00:17:50.379 Uttam Kumaran: pretty bad, too, but it’s getting better.
100 00:17:55.000 ⇒ 00:17:56.030 Uttam Kumaran: yeah.
101 00:17:56.540 ⇒ 00:17:57.559 Uttam Kumaran: So I mean.
102 00:17:57.560 ⇒ 00:17:58.509 bencohen: There. Yeah.
103 00:17:58.690 ⇒ 00:17:59.040 Uttam Kumaran: Yeah.
104 00:17:59.490 ⇒ 00:18:02.979 Uttam Kumaran: I mean, it’s I would say it’s like shipping costs overall, though.
105 00:18:02.980 ⇒ 00:18:03.389 bencohen: Way, down.
106 00:18:03.390 ⇒ 00:18:04.950 Uttam Kumaran: Since December
107 00:18:05.100 ⇒ 00:18:07.040 Uttam Kumaran: is pretty good.
108 00:18:07.140 ⇒ 00:18:08.520 Uttam Kumaran: so it seems like.
109 00:18:08.520 ⇒ 00:18:11.190 bencohen: So so much meat on the bone.
110 00:18:11.630 ⇒ 00:18:12.699 bencohen: which is nice
111 00:18:13.120 ⇒ 00:18:17.580 bencohen: amazing that we’ve already seen like real savings, and that there’s like
112 00:18:17.670 ⇒ 00:18:20.549 bencohen: a lot more where that came from. So good.
113 00:18:22.310 ⇒ 00:18:26.499 Uttam Kumaran: Yeah, totally agree. Still, like, yeah, I’m I’m even looking like
114 00:18:26.760 ⇒ 00:18:30.079 Uttam Kumaran: price per pound by State, Oregon.
115 00:18:31.821 ⇒ 00:18:36.419 Uttam Kumaran: Oregon, Idaho, like some of the north, central, north.
116 00:18:37.554 ⇒ 00:18:39.559 Uttam Kumaran: and then, yeah, it’s literally like.
117 00:18:41.890 ⇒ 00:18:46.130 Uttam Kumaran: yeah, it’s zone 8. And stuff is really, really tough. Okay?
118 00:18:46.160 ⇒ 00:18:52.437 Uttam Kumaran: So I’m just gonna even, I’ll just even, I’m gonna send some screenshots after this, because I’m seeing I haven’t looked at it in. Maybe a month.
119 00:18:52.670 ⇒ 00:18:56.189 bencohen: Yes, you can see. I think you have a couple of emails here. Yeah, I think you’ve got
120 00:18:56.490 ⇒ 00:18:57.520 bencohen: scraping.
121 00:18:57.640 ⇒ 00:19:00.979 bencohen: And then, yeah, that’s that we figure out, you know, Kim.
122 00:19:02.300 ⇒ 00:19:11.749 bencohen: we’ll do. And then, probably a post mortem of sort, saying, you know, since December, here are the gains we’ve had on on the shipping.
123 00:19:12.290 ⇒ 00:19:12.840 Uttam Kumaran: Yeah.
124 00:19:13.390 ⇒ 00:19:18.200 bencohen: Then there is an extraordinary amount of meat still on the bone to figure out.
125 00:19:18.520 ⇒ 00:19:21.449 bencohen: You know how to scale unice. We already signed the contract.
126 00:19:23.770 ⇒ 00:19:25.100 bencohen: And then where he’s aware.
127 00:19:25.100 ⇒ 00:19:25.450 Uttam Kumaran: We need to.
128 00:19:25.450 ⇒ 00:19:28.280 bencohen: I think what’s what’s gonna be complicated is like
129 00:19:28.880 ⇒ 00:19:30.249 bencohen: we need to figure out.
130 00:19:31.620 ⇒ 00:19:36.439 bencohen: If Mike has. Eunice has us put a trailer of stuff in in
131 00:19:36.790 ⇒ 00:19:37.870 bencohen: LA.
132 00:19:39.840 ⇒ 00:19:45.899 bencohen: California is up Southern California, maybe even Arizona. Probably no brainer like you know
133 00:19:46.110 ⇒ 00:19:54.050 bencohen: it. It’s we’ll still win, even if it’s not like 200 to get it to somewhere fine
134 00:19:54.620 ⇒ 00:19:57.840 bencohen: from there to Washington State is a very big trip.
135 00:19:58.853 ⇒ 00:19:59.119 Uttam Kumaran: The one.
136 00:19:59.120 ⇒ 00:20:00.380 bencohen: To understand is.
137 00:20:01.310 ⇒ 00:20:02.250 bencohen: you know.
138 00:20:02.510 ⇒ 00:20:05.210 bencohen: I don’t know. Listen, we can’t.
139 00:20:05.520 ⇒ 00:20:10.419 bencohen: We’re not. Gonna we don’t sell so much that we can just be like, all right, let’s have
140 00:20:10.450 ⇒ 00:20:12.950 bencohen: 20 hubs that doesn’t make sense.
141 00:20:13.100 ⇒ 00:20:16.180 bencohen: So I think we need to just basically 80 20. This, we’re like.
142 00:20:16.820 ⇒ 00:20:18.750 bencohen: how can we get the most
143 00:20:19.540 ⇒ 00:20:24.439 bencohen: productivity without like making this too crazy of a game of Oregon trail.
144 00:20:24.540 ⇒ 00:20:29.539 bencohen: you know. Like, if we need to continue sending to Oregon and Washington from Yapank
145 00:20:29.830 ⇒ 00:20:31.330 bencohen: and just focus on
146 00:20:31.790 ⇒ 00:20:33.140 bencohen: California.
147 00:20:33.890 ⇒ 00:20:39.269 bencohen: Nevada, Texas. I don’t know. I think that’s fine. I I’d rather accomplish like.
148 00:20:39.400 ⇒ 00:20:43.490 bencohen: because we don’t sell a million heat pumps in the Pacific Northwest.
149 00:20:43.680 ⇒ 00:20:46.240 Uttam Kumaran: Yeah, that’s the thing. So I wanna look at both.
150 00:20:46.290 ⇒ 00:21:01.140 Uttam Kumaran: So we’ll do a little bit of like a just a focus on the West Coast exercise. Look at total shipping numbers, right? Cause like, if we just look at cost per pound. I also want to know how many pounds are shipped, basically. So we’ll be able to see that and then say.
151 00:21:01.270 ⇒ 00:21:07.069 Uttam Kumaran: kind of set a target for honestly, what I want to do is set a target for Michael, and say.
152 00:21:07.460 ⇒ 00:21:14.190 Uttam Kumaran: our engagement needs to be at or below this price per pound for it, to make sense for us wherever we use.
153 00:21:15.120 ⇒ 00:21:22.459 Uttam Kumaran: right like, wherever we use you. That’s our goal, and that’ll give him like a clear directive instead of every time
154 00:21:22.550 ⇒ 00:21:28.729 Uttam Kumaran: we’re kind of like. And then again, that’ll, basically I’ll just try to get that as low as we can, and kind of look at what our average has been.
155 00:21:29.520 ⇒ 00:21:30.020 Uttam Kumaran: We.
156 00:21:30.020 ⇒ 00:21:38.486 bencohen: And he’s he’s not. He’s like he’s cause I kind of lit the fire. He’s like he’s he’s on a flight today. So I think he’s just bored. But like.
157 00:21:38.800 ⇒ 00:21:44.580 bencohen: let’s email him. And let’s just fucking Pepper him. Let’s try to get as much out of this as we can. And then
158 00:21:44.700 ⇒ 00:21:49.450 bencohen: Monday morning, Chuck said in the trailer, that’s kind of the bottom line. That’s my! That’s my goal.
159 00:21:53.480 ⇒ 00:21:57.299 bencohen: Other than that I need to get back on the crypto twitter. There’s a lot going on over there.
160 00:21:57.570 ⇒ 00:21:59.789 Uttam Kumaran: What’s done today. I mean Ivan
161 00:21:59.960 ⇒ 00:22:04.330 Uttam Kumaran: one. I’m hoping I get some money back from Fdx. We’ll see if I mean.
162 00:22:04.330 ⇒ 00:22:06.079 bencohen: Oh, no! You were in.
163 00:22:06.320 ⇒ 00:22:12.029 Uttam Kumaran: A little. I had a little bit there I mean, it was like play around money, anyways.
164 00:22:12.090 ⇒ 00:22:21.739 Uttam Kumaran: but it would be nice to get some back, especially now that everything’s back. Second is, yeah. I have some friend. Now, all that my crypto friends are come back texting me like
165 00:22:22.120 ⇒ 00:22:26.497 Uttam Kumaran: yo, what are you doing like? It’s so funny how the way it works.
166 00:22:26.810 ⇒ 00:22:30.929 bencohen: I’ve been here through the whole. I’ve been here through the whole, you know, like I think it’s just crazy things. I was.
167 00:22:30.930 ⇒ 00:22:33.865 Uttam Kumaran: There’s air drops happening like you know.
168 00:22:34.600 ⇒ 00:22:35.469 bencohen: The whole.
169 00:22:35.470 ⇒ 00:22:36.999 Uttam Kumaran: Got it. I never.
170 00:22:37.000 ⇒ 00:22:42.710 bencohen: Never left. I was through the whole bear market. And then these people just pop up. They’re like, Ben, what do you got? What’s the alpha. I’m like
171 00:22:43.150 ⇒ 00:22:45.239 bencohen: you don’t even deserve it. You didn’t. You didn’t.
172 00:22:47.849 ⇒ 00:22:53.639 Uttam Kumaran: Yeah, I mean, seeing Solana really go is really crazy.
173 00:22:53.790 ⇒ 00:22:55.040 Uttam Kumaran: Yeah, it’s great.
174 00:22:56.390 ⇒ 00:23:09.044 Uttam Kumaran: And then I think I’ve been. I’ve been following a lot of like the Joe Biden coins, and like the Wi-fi dog coins and all that that I don’t know. I just follow a couple of people on Twitter that. Basically, I think if they just.
175 00:23:09.320 ⇒ 00:23:10.550 bencohen: I got a good one.
176 00:23:11.430 ⇒ 00:23:13.079 bencohen: It’s on base chain.
177 00:23:13.330 ⇒ 00:23:17.410 bencohen: If you want it, I’ll send you the ticker. The but I got into it yesterday
178 00:23:17.660 ⇒ 00:23:24.980 bencohen: at at 1.8 mil. I got into it 3 days ago, at whatever 900 K. Yesterday, 1.8. And then
179 00:23:25.200 ⇒ 00:23:30.619 bencohen: I basically sent, like my like group chat, and then my group chat sent it over 3 million yesterday.
180 00:23:31.220 ⇒ 00:23:31.880 Uttam Kumaran: Wow!
181 00:23:31.880 ⇒ 00:23:35.409 bencohen: Held overnight. I think this one might go to a hundred, but.
182 00:23:36.180 ⇒ 00:23:39.830 Uttam Kumaran: And you can just base chain you could just still use like Metamask. And just saying.
183 00:23:39.830 ⇒ 00:23:43.210 bencohen: Hey, just toggle. I don’t use metamask anymore. But
184 00:23:43.310 ⇒ 00:23:46.009 bencohen: yeah, the you know, on the top, there’s like.
185 00:23:46.010 ⇒ 00:23:46.600 Uttam Kumaran: Yeah.
186 00:23:46.600 ⇒ 00:23:48.720 bencohen: Area main net, and then you can toggle.
187 00:23:48.720 ⇒ 00:23:49.320 Uttam Kumaran: Yeah.
188 00:23:49.320 ⇒ 00:23:51.829 bencohen: Base is just another network.
189 00:23:51.830 ⇒ 00:23:55.780 Uttam Kumaran: What’s like, what’s like the best? Are you using like, what are you using for wallet?
190 00:23:56.380 ⇒ 00:23:58.499 bencohen: Rabbi RABB, y.
191 00:23:59.302 ⇒ 00:24:02.129 bencohen: It’s definitely the best wallet on the market. No question.
192 00:24:02.830 ⇒ 00:24:03.280 Uttam Kumaran: Okay.
193 00:24:04.200 ⇒ 00:24:06.779 Uttam Kumaran: What’s the what’s the what’s like the
194 00:24:07.020 ⇒ 00:24:09.580 Uttam Kumaran: difference between that and like my math?
195 00:24:10.120 ⇒ 00:24:14.899 Uttam Kumaran: I mean, I’m really worried about some of the air drops and pretty much getting everything jacked.
196 00:24:15.000 ⇒ 00:24:16.449 Uttam Kumaran: So like I’m kind of.
197 00:24:16.755 ⇒ 00:24:21.180 bencohen: This. This tells you a bit more about stuff like the origin of it.
198 00:24:22.660 ⇒ 00:24:24.460 bencohen: 1 s let me find the wallet for you.
199 00:24:27.440 ⇒ 00:24:28.459 bencohen: Here you go.
200 00:24:29.870 ⇒ 00:24:31.810 bencohen: I mean, if you’re comfortable with Metamask.
201 00:24:32.200 ⇒ 00:24:36.220 Uttam Kumaran: I’m comfortable. I mean this, none of this stuff is like, too comp, the problem is just like.
202 00:24:37.050 ⇒ 00:24:40.619 Uttam Kumaran: and yeah, it’s just money instead of like data stuff.
203 00:24:41.119 ⇒ 00:24:45.610 bencohen: But so so use. Metamasky is better. But I’m
204 00:24:46.500 ⇒ 00:24:49.270 bencohen: I’m pretty deep in this, so you know, like.
205 00:24:49.270 ⇒ 00:24:54.030 Uttam Kumaran: But most people say, have a couple like, use one, and then exchange it to the other one, that, like.
206 00:24:54.030 ⇒ 00:24:55.500 bencohen: Well, I mean
207 00:24:56.120 ⇒ 00:25:00.410 bencohen: best practices we’re supposed to do is have a hot wallet that
208 00:25:00.640 ⇒ 00:25:02.340 bencohen: you connect to whatever.
209 00:25:02.730 ⇒ 00:25:08.820 bencohen: and then, once you transact, you move it to a called one with a ledger, hopefully. And then
210 00:25:10.030 ⇒ 00:25:20.390 bencohen: it just depends on how you operate. Ha! You know how much movement you you’ve got. But like as long listen like you know how to use the Internet like, you’re probably not going to get hacked because you understand.
211 00:25:21.090 ⇒ 00:25:24.509 Uttam Kumaran: Well, I know. Yeah, I’m not like tweeting. Also, I’m not doing like
212 00:25:24.890 ⇒ 00:25:28.059 Uttam Kumaran: weird air drops off like a random.
213 00:25:28.060 ⇒ 00:25:28.410 bencohen: Yeah.
214 00:25:28.410 ⇒ 00:25:29.250 Uttam Kumaran: Or.
215 00:25:29.250 ⇒ 00:25:34.009 bencohen: Yeah, it’s the farming. Yeah, it’s the links. Most people are getting fished.
216 00:25:34.010 ⇒ 00:25:34.570 Uttam Kumaran: Yeah.
217 00:25:34.570 ⇒ 00:25:48.830 bencohen: Getting they’re they’re getting fished is the bottom line. They’re putting their seed into a a fake coin based wallet, or they’re going to some weird chain to go get a an air drop, and they get the wrong one. But like, if you get air dropped, a token that you don’t.
218 00:25:48.890 ⇒ 00:25:53.390 bencohen: that you didn’t buy. You need to ask someone some questions cause.
219 00:25:53.820 ⇒ 00:25:55.620 bencohen: Just be wallet trainers.
220 00:25:55.930 ⇒ 00:25:57.550 Uttam Kumaran: Yeah, yeah, yeah, okay.
221 00:25:57.550 ⇒ 00:26:01.960 bencohen: Anyway, happy to help if you if you’re actually interested, I don’t wanna.
222 00:26:02.500 ⇒ 00:26:04.116 Uttam Kumaran: No, I mean I am.
223 00:26:04.440 ⇒ 00:26:06.289 bencohen: I’m like a whale like I, you know, like I’m.
224 00:26:06.290 ⇒ 00:26:27.600 Uttam Kumaran: You’re probably you’re probably in terms of like, how much I’m gonna put into this. It’s gonna be play money just to like mess around, because again, I read like all I do, I read a ton of stuff about like the markets. And now that cryptos back, if this is like part of like stuff on. So it’d be like, Okay, cool. And I have some friends that are so annoying cause now they’re like.
225 00:26:28.120 ⇒ 00:26:30.250 bencohen: You want you. Okay, I’ve got a lot.
226 00:26:30.250 ⇒ 00:26:36.120 Uttam Kumaran: Well, I was thinking about doing doing the Bowden coin, but then someone was like, it’s that’s over. The Joe Biden. One.
227 00:26:36.120 ⇒ 00:26:38.540 bencohen: Yeah. Well, I think it’ll probably
228 00:26:38.670 ⇒ 00:26:45.610 bencohen: as the as he as he does next time he trips on stage it’ll go, it’ll rip. But
229 00:26:46.360 ⇒ 00:26:57.019 bencohen: but like, for example, like this, like, I’m gonna send you a white paper. I have a lot in this and and in Pepe coin. But like this. I’ve met the team like they’re real like they’re not.
230 00:26:57.500 ⇒ 00:27:04.389 bencohen: They’re not like a joke that they’re actually real. Let me find it for you. But like you’ll actually enjoy reading about this, because it’s an AI.
231 00:27:04.630 ⇒ 00:27:21.117 Uttam Kumaran: Yeah, in Austin, you know, in Austin, when I moved there I would meet. There’s a lot of people that were like early Salana, and I would go to some of these meetups. And it’s like the most unassuming people. And they’re like, Yeah, I have like 10 million. So like chilling.
232 00:27:22.470 ⇒ 00:27:24.310 bencohen: Yeah, I know some.
233 00:27:25.060 ⇒ 00:27:26.999 bencohen: I know some people like that.
234 00:27:27.080 ⇒ 00:27:29.130 bencohen: Alright. So here’s the white paper.
235 00:27:29.590 ⇒ 00:27:33.359 bencohen: It’s really impressive, and I own quite a bit of the token.
236 00:27:33.560 ⇒ 00:27:35.210 bencohen: I think the token is like
237 00:27:36.040 ⇒ 00:27:37.020 bencohen: the best.
238 00:27:37.777 ⇒ 00:27:41.052 bencohen: And I met the team. They’re actually like not kidding
239 00:27:43.650 ⇒ 00:27:44.810 bencohen: Anyway.
240 00:27:44.990 ⇒ 00:27:49.120 bencohen: I have a lot I have, I have, I have a I have. This is I mean, I have.
241 00:27:49.120 ⇒ 00:27:52.445 Uttam Kumaran: In the markets, the markets never close, which is the problem about.
242 00:27:53.000 ⇒ 00:27:57.780 bencohen: Yeah, what? No. But the thing is is like, I don’t do much of like the the biden, the bode and stuff like.
243 00:27:57.860 ⇒ 00:28:00.150 bencohen: But yeah, here and there. I’ll I’ll throw like
244 00:28:00.910 ⇒ 00:28:03.599 bencohen: 10 grand into one of those. But that’s play.
245 00:28:03.900 ⇒ 00:28:04.480 Uttam Kumaran: Yeah.
246 00:28:04.480 ⇒ 00:28:09.879 bencohen: It neither. It goes to 30 or 0, and I don’t. I’m like what up you know it is what it is, but like
247 00:28:10.310 ⇒ 00:28:11.520 bencohen: my main
248 00:28:11.680 ⇒ 00:28:20.230 bencohen: bags. I don’t even have to check them daily, like I. I have targets for them like they’re like based. AI, this this AI token.
249 00:28:20.830 ⇒ 00:28:22.289 bencohen: I’ll I could! I could!
250 00:28:22.410 ⇒ 00:28:24.769 bencohen: I could lock it for 6 months like I’m.
251 00:28:24.770 ⇒ 00:28:25.799 Uttam Kumaran: Yeah. Oh.
252 00:28:26.353 ⇒ 00:28:35.119 Uttam Kumaran: do you have, do you? Are you? Do you have like upper limits where you pull out or you get out of the get out of these like I’ve been the same thing with stocks. The one thing I like always
253 00:28:35.620 ⇒ 00:28:37.459 Uttam Kumaran: aired on. It’s just like
254 00:28:37.610 ⇒ 00:28:42.519 Uttam Kumaran: taking returns while. But in this game. I don’t know. The the returns are so crazy
255 00:28:42.670 ⇒ 00:28:44.079 Uttam Kumaran: that you have no idea.
256 00:28:44.080 ⇒ 00:28:51.249 bencohen: I I like I I could. I could. I think the bull market’s just starting. So I don’t think it’s time. But like.
257 00:28:51.490 ⇒ 00:28:58.669 bencohen: yeah, if if something starts pumping pretty heavy like I I I could shave a little, but you always want to like.
258 00:28:59.730 ⇒ 00:29:04.419 bencohen: What you want to try to do is at least I try to do is take my principal back, and then dump it to so.
259 00:29:04.420 ⇒ 00:29:06.080 Uttam Kumaran: Yeah, but yeah, like.
260 00:29:06.080 ⇒ 00:29:13.710 bencohen: I really like my positioning right now, and everything is up a lot. So I just and I think that they all like haven’t really had their day yet, either. So
261 00:29:13.820 ⇒ 00:29:14.950 bencohen: I’m just kind of
262 00:29:15.580 ⇒ 00:29:16.500 bencohen: waiting.
263 00:29:17.100 ⇒ 00:29:20.840 Uttam Kumaran: I think the et I mean the Ets, I think, really just blew
264 00:29:21.090 ⇒ 00:29:24.470 Uttam Kumaran: everything like that.
265 00:29:24.470 ⇒ 00:29:25.150 bencohen: But he’s laughing.
266 00:29:25.150 ⇒ 00:29:26.100 Uttam Kumaran: Massive.
267 00:29:26.100 ⇒ 00:29:29.605 bencohen: Bitcoin half is next week.
268 00:29:30.540 ⇒ 00:29:31.390 bencohen: Yeah.
269 00:29:32.120 ⇒ 00:29:40.550 bencohen: I mean, and then, like Wall Street, so fucking greedy like, you know, like the the Bitcoin etf was like the most successful etf they’ve ever had.
270 00:29:40.920 ⇒ 00:29:41.540 Uttam Kumaran: Yeah.
271 00:29:41.940 ⇒ 00:29:42.570 bencohen: And
272 00:29:43.030 ⇒ 00:29:44.320 bencohen: being straight
273 00:29:44.830 ⇒ 00:29:53.519 bencohen: Wall Street, so far up the Government’s ass, I understand the Sec. Wants to resist, but if Wall Street wants a ethereum. Etf they will get one.
274 00:29:53.520 ⇒ 00:29:54.850 Uttam Kumaran: Happen? Yeah.
275 00:29:55.300 ⇒ 00:29:57.970 bencohen: Solana, I don’t think any different, and then I think.
276 00:29:57.970 ⇒ 00:29:59.329 Uttam Kumaran: Think Solana will get one.
277 00:29:59.330 ⇒ 00:30:01.720 bencohen: Yeah. And then that I think I
278 00:30:01.730 ⇒ 00:30:04.060 bencohen: because they can sell it, they have to.
279 00:30:04.100 ⇒ 00:30:09.040 bencohen: And then I think where it’s really gonna get. And I think this is this is a certainty
280 00:30:09.390 ⇒ 00:30:13.860 bencohen: because of the sub pro. It’s going to be the exact same thing. They’re going to create
281 00:30:14.030 ⇒ 00:30:15.520 bencohen: an alt coin.
282 00:30:16.880 ⇒ 00:30:18.799 Uttam Kumaran: Like, a, yeah.
283 00:30:18.800 ⇒ 00:30:21.690 bencohen: Like all the subprime mortgages where they say like.
284 00:30:22.390 ⇒ 00:30:24.559 bencohen: and to just mash it together. Yeah.
285 00:30:24.640 ⇒ 00:30:26.490 bencohen: and say, this is relatively safe.
286 00:30:26.490 ⇒ 00:30:29.620 Uttam Kumaran: 100, or like a Russell, 1,000 of like
287 00:30:29.950 ⇒ 00:30:31.960 Uttam Kumaran: all the small cap, coins.
288 00:30:32.210 ⇒ 00:30:40.279 bencohen: I think that’s where we land. I think that’s like that might be like 5, 10 years out, but I think that ultimately Wall street so greedy that they have to if they can sell it.
289 00:30:40.530 ⇒ 00:30:42.340 bencohen: For example, like my dad.
290 00:30:42.840 ⇒ 00:30:43.880 bencohen: 70
291 00:30:44.320 ⇒ 00:30:45.530 bencohen: at this point
292 00:30:45.600 ⇒ 00:30:47.480 bencohen: should be retired
293 00:30:47.500 ⇒ 00:30:51.269 bencohen: when his broker at Maryland calls him with Bitcoin. Etf
294 00:30:52.020 ⇒ 00:30:53.059 bencohen: he bought us.
295 00:30:53.280 ⇒ 00:30:53.900 bencohen: he’ll say no.
296 00:30:53.900 ⇒ 00:30:56.629 Uttam Kumaran: Do they already? Did they already call him about that.
297 00:30:56.630 ⇒ 00:30:57.949 bencohen: No, no, no, but I’m just saying.
298 00:30:57.950 ⇒ 00:31:02.700 Uttam Kumaran: Oh, if he does it. Okay, yeah, I see. I see what you mean. Like, if they’re like, put 2% into this.
299 00:31:03.170 ⇒ 00:31:03.880 Uttam Kumaran: But 2%.
300 00:31:03.880 ⇒ 00:31:07.700 bencohen: I say to him, make a coin base, and let’s rock and roll. He’s like.
301 00:31:07.700 ⇒ 00:31:10.100 Uttam Kumaran: Nightmare, nightmare, nightmare, yeah.
302 00:31:10.100 ⇒ 00:31:11.970 bencohen: He’s like, I don’t know. But
303 00:31:12.020 ⇒ 00:31:20.311 bencohen: they say, you know, put in 100,000 bucks, he’s like, Yeah, like, do it right now. And that’s why this was so successful. Because everyone
304 00:31:21.120 ⇒ 00:31:25.709 bencohen: everyone wants Crypto to win that, even if they don’t admit it, and it has to win.
305 00:31:26.510 ⇒ 00:31:27.170 Uttam Kumaran: Yeah.
306 00:31:27.780 ⇒ 00:31:28.210 bencohen: Anywhere.
307 00:31:28.210 ⇒ 00:31:31.099 Uttam Kumaran: It’s well, it’s too big to fail. That’s the that’s the thing right.
308 00:31:31.100 ⇒ 00:31:33.909 bencohen: You can’t fail, though it’s it’s way too big to fail.
309 00:31:34.060 ⇒ 00:31:45.779 Uttam Kumaran: And I think they’ve gotten a lot of the bad actors out like in the last, like, probably year or 2 years. Where they got fx guy. They got like the the finance guy
310 00:31:46.020 ⇒ 00:31:50.129 Uttam Kumaran: like, got some of these characters out the sec. And I think they’re gonna be like cool. We
311 00:31:50.210 ⇒ 00:31:55.400 Uttam Kumaran: we like did it. And Point Base is a Us. Company which you know, I think does really well, and.
312 00:31:56.400 ⇒ 00:31:58.070 bencohen: Yeah, I mean, base chain.
313 00:31:58.890 ⇒ 00:32:04.339 bencohen: It’s doing great. I’m in this thing called aerodrome, which is the liquidity hub of base chain.
314 00:32:05.390 ⇒ 00:32:11.079 bencohen: The Tvl is is going up like every few days another 1 billion dollars. It’s it’s it’s.
315 00:32:11.080 ⇒ 00:32:11.770 Uttam Kumaran: Am.
316 00:32:12.060 ⇒ 00:32:16.565 bencohen: There’s no. And the thing is, I bought coin based stock. I don’t know 6 weeks ago.
317 00:32:17.550 ⇒ 00:32:19.539 bencohen: Wall Street doesn’t understand.
318 00:32:19.820 ⇒ 00:32:21.229 bencohen: They don’t understand it.
319 00:32:22.580 ⇒ 00:32:23.660 bencohen: They don’t understand.
320 00:32:23.660 ⇒ 00:32:29.315 Uttam Kumaran: But that stock was, I feel, like purely their revenues. Go up with the fees. So there’s new.
321 00:32:29.630 ⇒ 00:32:31.989 bencohen: Printing. They’re printing fees.
322 00:32:31.990 ⇒ 00:32:33.340 Uttam Kumaran: Yeah, yeah.
323 00:32:33.340 ⇒ 00:32:36.739 bencohen: They’re also the custodian of 9 of 11 of the Etf’s.
324 00:32:37.060 ⇒ 00:32:37.610 bencohen: It.
325 00:32:37.610 ⇒ 00:32:38.320 Uttam Kumaran: Jeff.
326 00:32:38.320 ⇒ 00:32:40.910 bencohen: The whole fucking thing. It’s too good. I love it.
327 00:32:43.730 ⇒ 00:32:46.059 bencohen: anyway. If you ever want, if you ever want to.
328 00:32:46.740 ⇒ 00:32:52.672 Uttam Kumaran: I’m gonna I’m starting to read again. So as I hear stuff, I’ll send it to you and just even get your 2 cents.
329 00:32:53.140 ⇒ 00:32:58.609 Uttam Kumaran: a lot of my friends are gonna love that I’m like back through this. But yeah.
330 00:32:58.610 ⇒ 00:33:03.445 bencohen: I like it. But look at the the white paper, I think, is something that you’ll appreciate
331 00:33:04.220 ⇒ 00:33:06.970 bencohen: exhausting. It’s just well done. It’s good work.
332 00:33:07.400 ⇒ 00:33:07.725 Uttam Kumaran: Okay.
333 00:33:08.390 ⇒ 00:33:08.880 bencohen: All right.
334 00:33:08.880 ⇒ 00:33:17.389 Uttam Kumaran: Okay, let me shoot those. Let me shoot a couple of those emails. Then I’m also gonna send the email to Michael, just being like, let’s get to this number. And like, this is what we’re looking at.
335 00:33:19.180 ⇒ 00:33:20.350 Uttam Kumaran: yeah, perfect. That’s it.
336 00:33:20.620 ⇒ 00:33:22.060 bencohen: Perfect. Alright! I’ll talk to you.
337 00:33:22.310 ⇒ 00:33:23.889 Uttam Kumaran: Alright! Thanks, fine! Bye!