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[2466.08 --> 2469.64] Like, I don't actually really want to have an LG, but this is a sweet phone. |
[2469.86 --> 2471.70] Like, they just have quality control issues. |
[2471.78 --> 2472.34] I don't really dig. |
[2472.34 --> 2474.88] Like, this is like my third one, just incidentally. |
[2475.26 --> 2477.02] And everyone's had, like, the same kind of problem. |
[2477.10 --> 2479.14] Like, it doesn't detect my SIM or something like that. |
[2479.48 --> 2480.70] I really liked a G3. |
[2480.84 --> 2481.58] I had an LG G3. |
[2481.82 --> 2482.02] Yeah. |
[2482.06 --> 2482.98] I really liked that phone. |
[2483.30 --> 2484.50] So, most people don't care. |
[2484.74 --> 2486.82] 51% of people say I don't care. |
[2486.90 --> 2487.44] Straight up. |
[2489.20 --> 2492.28] 18% of people say Samsung or Apple only. |
[2492.72 --> 2495.00] I expected there would be a surprising percentage there. |
[2495.52 --> 2497.28] And then 31% of people care. |
[2497.38 --> 2498.90] That's actually way more than I thought. |
[2499.46 --> 2499.70] Well. |
[2500.28 --> 2501.34] So, that's cool. |
[2501.34 --> 2507.26] The thing with the essential phone was that it was, like, the closest to stock Android you could get outside of a Pixel. |
[2507.50 --> 2508.36] And that's awesome. |
[2508.98 --> 2509.30] Amazing. |
[2509.56 --> 2509.78] Yeah. |
[2510.26 --> 2512.22] And it was way cheaper, eventually. |
[2512.44 --> 2513.40] When it launched, it was $700. |
[2513.74 --> 2517.30] I don't think it could have competed against other flagships in that price range. |
[2517.36 --> 2522.54] But when they were struggling and they dropped it to $500 or even less, then it was, like, a hell of a deal. |
[2523.90 --> 2525.14] Maybe they should have opened up with that. |
[2525.20 --> 2527.20] But then they had $300 million of investment. |
[2527.20 --> 2529.12] They spent $100 million of it developing the phone. |
[2529.22 --> 2531.04] So, they just needed to sell these things. |
[2531.80 --> 2531.92] Yeah. |
[2532.08 --> 2535.60] Essential raised about $300 million from several investors, like you just mentioned. |
[2535.84 --> 2536.20] Tencent. |
[2536.62 --> 2537.06] Yeah. |
[2537.26 --> 2540.34] Tencent, the least surprising group on this list ever. |
[2541.06 --> 2544.08] Amazon.com and Redpoint Ventures as well. |
[2544.22 --> 2548.54] It was valued at $900 million to a billion dollars a year ago. |
[2548.54 --> 2554.66] So, if it is indeed for sale today, it would probably be a lot less than that. |
[2554.74 --> 2556.96] I would also assume the same. |
[2558.10 --> 2561.26] Current discussions are focused on, again, this is rumors. |
[2561.54 --> 2573.96] Current discussions are focused on a sale of the entire company, including its patent portfolio and hardware products like the original smartphone, an upcoming smart home device, and a camera attachment for the phone. |
[2573.96 --> 2585.78] Essential's engineering talent, which includes those hired from Apple Inc. and Alphabet Inc.'s Google, would likely be a part of the deal, which is probably quite valuable. |
[2585.96 --> 2590.04] Do you think the founder of Android who made this, what's his name, Rubin? |
[2590.30 --> 2590.80] Andy Rubin. |
[2590.90 --> 2592.32] Would also be in that market? |
[2592.40 --> 2592.44] Yeah. |
[2592.74 --> 2593.42] I don't know. |
[2593.46 --> 2595.14] Or is he the one selling it and getting the heck out? |
[2595.14 --> 2595.62] Maybe. |
[2596.02 --> 2605.34] But there could be one of those, like, don't remember the name of it right now, but it's those clauses where when the company gets bought, you have to, like, stay on in order to get the good chunk of the money. |
[2605.56 --> 2606.34] Golden handcuffs. |
[2606.86 --> 2607.06] Yeah. |
[2607.14 --> 2607.96] People call that. |
[2608.44 --> 2608.96] Not necessarily. |
[2609.20 --> 2609.82] Golden handcuffs is a used. |
[2609.84 --> 2611.34] That's not necessarily with mergers. |
[2611.50 --> 2612.76] That's just, like, any employee. |
[2612.92 --> 2613.10] Yeah. |
[2613.38 --> 2618.20] Like, it takes four years for your shares to invest or whatever, so you kind of need to stick around before you get the real money. |
[2618.52 --> 2618.74] Yeah. |
[2618.92 --> 2620.84] Golden handcuffs is used for a bunch of different stuff. |
[2621.70 --> 2624.32] Just when it has to do with, like, I am staying because of money. |
[2625.14 --> 2625.50] Wow. |
[2630.50 --> 2634.44] Apple and Volkswagen are apparently going to be making driverless cars. |
[2637.00 --> 2640.06] It's an interesting two names to be in the top. |
[2640.06 --> 2647.92] The Apple making a driverless car thing has been, that was guessed by Linus, like, five years ago or something like that. |
[2649.68 --> 2650.92] It makes a lot of sense. |
[2651.04 --> 2651.28] It does. |
[2651.28 --> 2658.46] Since they like design, the holy grail of design, of industrial design is cars, so it's a pretty easy guess. |
[2658.64 --> 2666.20] But it's been a roller coaster since they did announce that they were going to make a car that was going to disrupt Detroit and just kick all the butt. |
[2666.20 --> 2677.22] But then they scaled that back to being like, well, it's actually really hard to make a car, so why don't we just, we'll make the internal components and all the sensors and everything for the self-driving. |
[2677.34 --> 2682.98] And we'll partner with someone like BMW because Tim Cook loves BMW or with Mercedes. |
[2682.98 --> 2693.14] And then those companies were like, nope, because Apple wanted to control all the data or some other aspect that those companies, they bailed. |
[2693.42 --> 2697.30] So it's like they're, and then they had negotiations with, I believe, Lexus. |
[2697.42 --> 2699.20] Now they're on their, like, their fourth choice Volkswagen. |
[2699.34 --> 2700.34] It's like, yeah, we'd love to work with you. |
[2700.34 --> 2708.68] And they're not even, it's going to be like a standard Volkswagen, what is it? |
[2709.26 --> 2710.94] It's a particular model here. |
[2712.00 --> 2712.48] T6? |
[2712.76 --> 2714.00] Yeah, T6 van. |
[2715.34 --> 2716.34] T6 transporter. |
[2717.36 --> 2728.00] The frame, wheels, and chassis of the T6 vans will remain, but Apple is replacing many components such as the dashboard and the seats, the computers and sensors, and they're, of course, putting in a large electric car battery. |
[2728.00 --> 2731.26] Now, this isn't going to be a consumer product. |
[2732.02 --> 2732.22] Oh. |
[2732.70 --> 2736.58] No, it's not like they're just, they're making these vans and you're going to be able to buy one. |
[2736.76 --> 2741.10] This is a project for them to just start getting their feet wet with self-driving. |
[2741.24 --> 2748.78] It's going to be a van that transports their own employees between various Apple campuses so they can, it's kind of closed doors. |
[2748.78 --> 2753.04] That's an interesting, like, hey, if you screw up your engineering project, you'll kill all your friends. |
[2753.80 --> 2755.46] Like, wow. |
[2755.46 --> 2755.58] Wow. |
[2756.24 --> 2758.42] Yeah, make sure you do it well, guys. |
[2759.44 --> 2759.68] Yeah. |
[2759.80 --> 2761.18] That's interesting. |
[2761.50 --> 2769.50] I was very surprised to read the, like, not going to be initially commercially available except for literally just themselves line. |
[2769.62 --> 2772.98] But that's probably a fairly sensible way of going about that. |
[2773.28 --> 2774.86] Yeah, apparently it's been quite a cluster. |
[2774.86 --> 2781.14] There's no indication right now if Volkswagen will be on for anything beyond the internal van experiment. |
[2781.74 --> 2787.00] And according to the article that we cited here from the New York Times, there was a bunch of... |
[2787.00 --> 2787.82] Okay, sorry. |
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