The LeWeb Breakfast Chat

I blogged about this yesterday and the talk went up last night. So here it is. Its about 40mins but its a fun and wide ranging conversation.

#VC & Technology

Comments (Archived):

  1. Emmanuel Bellity

    So in the end you didn’t eat anything for breakfast ? πŸ™‚

    1. fredwilson


      1. awaldstein

        Sometime I am going to get you hooked on a LuliTonix blend for breakfast. Raw, green, low in calories and just great for you.

        1. LE

          That just made me think of an idea. They have “pop up stores” but do they have “pop up food trucks”?For example imagine if you could get a food truck for a day or week and park it somewhere and either sell or give away the product.Taking it one step further it would seem that there would be a need for someone to operate a pop up food truck to prove out concepts. Cheaper than a store and totally ephemeral.”Food truck as a Service”.I’m sure there is a creative way for someone to work around the licensing requirements.

          1. awaldstein

            dunnoboth highly regulated and over subscribed.could be.

          2. LE

            Business is food sure can’t have a truck for knitted hats selling food because food requires food inspections. Food type and menu always will change.… After all existing vendors don’t have to get a permit to sell hamburgers if when they applied they sold hotdogs. Ditto for restaurants. Food is food (as a generality).There are liability issues but depending on the legal structure that can be worked around.

      2. jason wright

        questionable regime.most important meal of the day, even in Paris, and especially when on the move.what time was it?

      3. JimHirshfield

        Breakfast; I see you did baguette.

  2. SamT

    Good stuff, Fred.Taking as a premise that wearables / personal mesh “will become an ecosystem of devices” has me thinking… It seems like the end state is obvious, but it also feels like there are some critical building blocks missing. Is bluetooth + current iOS/Android phone capability enough to build an ecosystem on? I’m not deep enough in the weeds of available technology to answer that, but it seems like it’s the key question right now.

    1. fredwilson

      android L is probably worth wrapping my head around#notetoself

      1. William Mougayar

        Fred, I’m hearing interesting things about the new Microsoft band. It has 10 sensors (the most so far, on the market), and it works on iOS & Android. I might give it a shot myself. On my list.

        1. awaldstein

          The thought that Microsoft can create a consumer product is truly a leap of faith William.They’ve never understood how to speak to a consumer customer outside of gaming.

          1. William Mougayar

            Well, you’ve got to give them credit for making it work with Android, iPhone & Windows phone from Day 1.Microsoft was a consumer company before it became an enterprise company. Maybe some of that can come back. They have a chance…maybe.

          2. Twain Twain

            MS’ problem is that developers abandoned them when Apple iPhone appeared and they haven’t returned.

          3. awaldstein

            Very true but besides that they don’t bring the market to their platform.Microsoft who? to most all consumers I bump into.

          4. awaldstein

            I give them what they deserve–a long standing commitment to missing the mark with the consumer marketplace.You are a tech guy my friend and give people the benefit of the doubt from the product side.I’m a market side guy, and I’ll take an understanding of the consumer as something that is just not learnable for all companies regardless of how well they design the product.Microsoft has a long long history of being consumer clueless.

          5. William Mougayar

            I agree Microsoft hasn’t work well with consumer ecosystems like Apple does. (outside of gaming as u pointed out)

          6. fredwilson


          7. Tom Labus

            Different co now under Nadella

          8. awaldstein

            DunnoI don’t work with anyone who does anything with them.

          9. fredwilson

            maybe, hopefully, but not certainly

          10. Dave Pinsen

            Their new Surface tablet with detachable keyboard looks interesting. I’m thinking of getting one or something like it.

          11. awaldstein

            Word is still my writing tool. Excel for huge modeling projects. Google docs for everything else.

          12. Dave Pinsen

            Google docs is great for collaboration.

          13. awaldstein

            Yup–middle school kids use it, the kitchen in Lianna’s company use it.Kinda perfect.

          14. William Mougayar

            I’ve ditched Word in favor of Google Docs 100%. There’s something great about starting a doc on the Mac and continuing on the smartphone without worrying about attachments or versioning.

          15. awaldstein

            i’ll consider it.Do all of my investment decks on docs as well now. There is some fussiness and weird stuff when a group is working on them but net net that is the standard for me now.

          16. Matt Zagaja

            I wish they had a desktop client for OS X.

          17. William Mougayar

            What would you like it to do that you can’t when connected to Docs?

          18. Matt Zagaja

            In my mental model of how I use my computer I like to be able to CMD+Tab through my programs for easy access and then also I am a big fan of keyboard shortcuts. There are collisions between some of the default OS X keyboard shortcuts for Safari and Google Docs like using CMD+O to open a document. I also tend to keep many tabs open and my Google Docs will get lost in the tabs. So it’s not intrinsically broken, it just doesn’t go well with my workflow and habits.

          19. Drew Meyers

            Me too…Google Docs has every doc I’ve created/worked on since 2010. Love it.

          20. Guy Lepage

            I keep Excel around though.. But other than that, I’m a convert.

          21. William Mougayar

            i still use Excel for complex spreadsheets, but simple ones are good with Google Sheets.

          22. Rohan

            I know a lot of people who use it and love it, Dave. They prefer it to the iPad.. because it does what a laptop does in an iPad size device.

  3. William Mougayar

    Funny you had less make-up than last year πŸ˜‰

    1. jason wright

      i was wondering about that yesterday.stage, props, lights, camera, action,… and make-up?

      1. ShanaC

        you have to wear makeup under stage lights. You’ll look sick otherwise from the lights being so strong.

        1. jason wright

          I’d need sun glasses

    2. JamesHRH

      +1 for new haircut, seeing that you are going that way.

  4. awaldstein

    Can’t get my head away from this personal mesh idea.Looking for examples of data that it can collect from my body (health inputs) that matter. Struggling to find the connection between data and health that resonate.Intrigued big time.

    1. William Mougayar

      There was another session today dedicated to healthcare. It was moderated by Jeff Clavier. I will watch it later as soon as they post it on the LeWeb YouTube channel.

      1. pointsnfigures

        I think personal mesh is a good way to put it. It’s good from a developer perspective to understand what you are developing and how it fits, and it’s also good from a customer perspective because it’s something that will become a part of them, just like clothing. We have personal space bubbles, and we will have personal tech bubbles.

        1. William Mougayar

          But will it include a wearable, implantable or just over the air magic?

          1. pointsnfigures

            Same answer I used on the SAT “all of the above’

          2. William Mougayar

            OK….not letting you easy on that. Percentage for each segment? – that’s not a multiple choice question πŸ™‚

          3. William Mougayar

            There’s also pills you swallow, and smart contact lenses.

          4. pointsnfigures

            sorry for the late response. I am in New Orleans (oysters are awesome). and we are opening a new pavilion at the Anyone that wants to meet Tom Hanks and Tom Brokaw on Feb 24 in NYC should contact me. (and if you have a WW2 connection in your family, honor and commemorate them here: http://www.nationalww2museu… ($200)Percentage on each segment is really hard to gauge. I think it’s like Bitcoin. The ecosystem is still developing. If I made a bet, over the air would be the largest percentage. Implantable (because of friction) would be less than 20% of the mkt. For example, eventually, pacemakers will give all kinds of data to mobile phones. My guess is that clothing manufacturers will figure out how to put sensors in their clothes. 100% of us will have the opportunity to have wearable tech if we choose to have it.

          5. William Mougayar

            Ah…that gumbo looked fantastic πŸ™‚ & thanks for the links.It could also be a tiny clip-on that you attach to any clothing, like on your shirt or socks, etc…

    2. Richard

      Here is a hypothetical but way out of the box use case: ubiome is a new company that analyses (DNA sequencing) your gut bacteria (or any other part of your body). We are in the early stages of what your microbiome profiles means, but we do know that it correlates (there are 10 trillion bacteria in the body) to physical and mental health. That said, we don’t analyze the microbiome real time (you take a swap and sequence it), the data is not very reproducible, and the how to use the data (what is a good microbiome profile) are each in their infancy.So the crazy use case might be finding someone with a complimentary microbiome profile and giving them a wet kiss.

      1. SubstrateUndertow

        This is an exciting area with a lot of on going research activity. Its potential seem powerful but collecting the required personal daily input data could be very messy.Some truly shitty iPod accessories would have to emerge :-)Maybe a high tech entry point for the likes of American Standard ?

        1. Richard

          Yep, aside, Fecal blood analysis can be as accurate as a colonoscopy. the problem is nobody want to touch scoop their pooh.

  5. jason wright

    imagine a mesh involving everyone wearing a microphone. every word recorded. the end of open (i refuse to use ‘free’ – such an over used and abused word that it’s almost meaningless) will have a lot to answer for.

  6. pointsnfigures

    couldn’t have been Paris, waiters weren’t snotty.

    1. awaldstein

      I don’t think this is an accurate description of the characteristic of the place any longer.At least not to me.I get along just fine there. And seriously love Paris.

    2. Twain Twain

      As soon as you speak French to them, they’re much more agreeable.

      1. pointsnfigures

        Disqus needs a snark app or icon. I love Paris and have some seriously good fun there. Actually found the waiters in Stbarts to be more French than the French!

        1. Twain Twain

          Snark away to your heart’s content! After all, they say only super-intelligent types are snarky.When in France, I often pretend I don’t speak French just to hear the locals talking about “la petite femme chinoise, lΓ ”. Sometimes they’re horrible — usually something like “Look at her. Foreigners! Probably doesn’t know we’re talking about her” so I shock them by saying, “A vous aussi!” and, sometimes, they’re wonderful so I speak up in French and have great conversations with them.

    3. jason wright

      Secret service

  7. Jon Michael Miles

    i think the Tesla battery point was probably the most intriguing for me. That really caught my ear.

    1. fredwilson


    2. Matt Zagaja

      I think lots of suburbanites that do not like their electric suppliers or are tired of all the power outages might be interested in this.

  8. awaldstein

    I so agree with you that health and wellness is the future for many of the reasons you mention.I posted on this awhile ago cause even in the narrow niche of premium cold pressed beverages ($10B/y) it is all expendable income cross income classes. Tens of thousands of mostly women grabbing juices and blends because they believe it is a key to health and making that choice a joy that drives their spending.

    1. LE

      because they believe it is a key to health and making that choice a joy that drives their spendingI think this is similar to how religion works. After all it’s all in your head and the people who have it in their head appear to get a benefit from adhering to a religion and their beliefs. Of course the health things do have benefits but I think the “in the head” exceeds the actual value and provides the made advantages.Look I get a positive feel when I eat an egg white omelet vs. a non egg white omelet. That’s totally separate from whether the lack of cholesterol has any tangible benefit to me. Ditto for eating some fish for lunch where the packaging is labeled “high in Omega 3’s”.

      1. awaldstein

        Feeling good about what you do to keep yourself happy and being in control of your own health is smack on the centre of the $2T wellness market.

        1. SubstrateUndertow

          Yes food is the ultimate Happiness Drug πŸ™‚

          1. awaldstein

            And in many ways the best medicine you can take.

      2. Matt Zagaja

        I think it’s important to point out that the placebo effect is real, works, and you just have to believe in it. Whether its a juice blend, an omelette, or some kind of pill, our brain is a powerful organ. πŸ™‚

        1. SubstrateUndertow

          Add to that the fact that being focused on food health is not just about the efficacy of every food behaviour choice one makes but also about the overall process of being proactively engaged in being cognizant of monitoring your food health in general.

        2. awaldstein

          Of course… but it’s not all placebo.Greens are good for you if made correctly. Nutritionally a proven factor.Probiotics garnered through your food is what the digestive system needs.So yes wrap delicious, an act of joy on top of nutritional facts and its a damn good way to go about your day.

        3. ShanaC

          the difference is that i think without the beverages, some people wouldn’t be eating vegetables

  9. Farid

    Love how Loic uses a physical note book to look up the trends…and Mr. Wilson ‘its sent me a tweet’ not ‘sent me a Twitter’ πŸ˜‰

  10. Vivek Kumar

    Slow down innovation to protect the old business… Wow! #luckyToBeInSF

    1. SubstrateUndertow

      What is history’s verdict on the success rate of such attempts ?

  11. Rohan

    Awesome. Loic is a great interviewer. I love how he goes about the conversation – he isn’t trying to get anyone to admit anything they don’t want to. Polite and probing makes for a great conversation.And I love your Le Web talks, Fred. Your talk last year was great even if it wasn’t a conversation like this one. These talks have inspired me to try a similar format in school. Lots to learn from the way this one was done.

  12. johndodds

    The aura device reminded me of an internet of things meetup a couple of years back where a PhD student described how he was interested in his body movement during sleep that was not captured by the many devices he wore.His solution blew my mind – infra red sensors in his bedroom that monitored his body posture and outline and recorded its every minuscule movement second by second.

  13. Kirsten Lambertsen

    Totally off topic, but, I can’t help think that no matter what you’ll always have that punk hair. How great is that? Even if you’re totally immobilized and can’t speak, your hair will speak for you.

    1. Matt Zagaja

      Next time I get mine cut I’m asking for the Fred Wilson πŸ˜‰

  14. Matt Zagaja

    I also hate driving. I do it so much because I like doing the things at the end of driving and I’m ready to jump head first into the driverless car thing. I was fascinated by your observation that gas station infrastructure seems to be non-existent or disappearing in NYC. Is this a real issue? Is it just not economical to have fueling stations in parts of the city now? It makes me wonder how the economics of installing a gas station compare to putting chargers into a parking garage.

    1. ShanaC

      it is if you own a car in ny – basically manhattan real estate is that expensive.

  15. Jeremy Campbell

    Love listening to your amazing intel and stories Fred, thanks for doing and sharing this conversation!

  16. jason wright

    is that yellow thing on your wrist a mesh prototype?

  17. Ahti Kitsik

    Fred, governments are stepping in with the identity management. Estonia just a few days ago launched “e-residency” to provide the identity service for anyone in the world who passes basic screening to have an ID card for identity, signatures and encryption.…Extra bonus for the “e-residency” owners – after getting the ID card you can incorporate Estonian companies without any physical paperwork and use a few other services.

  18. jason wright

    merkel is no angel, but she would see you as a heretic. remember, her background is the catholic church, a centralised network of power and information distribution broadcasting from rome. no fway it is ever going to support a doctrine of neutrality. not in its dna. old europe is ever never changing.

    1. fredwilson

      i love being called a heretic! made my day πŸ™‚

  19. Jeff Goldblum

    He’s so wrong on so many points

  20. LE

    Nothing like hearing that engine start up in the AM in the garage (nice bass reverb). Totally cool sound.Going to do it for other drivers as a service (–hey!! real sharing!!), but in general my charging needs don’t require faster charging and I’m guessing that’s the same for most of small urban and suburban drivers.Do you mean you are going to charge other people’s cars at your electric expense?

  21. Rohan

    Agree! Unless there come a few other competitors who share the cost of creating the charging station infrastructure…

  22. Joe Cardillo

    I wonder, are there any major car brands figuring out that transition across their supply chain (at least, that are talking about it publicly) b/c of EVs? Not finding anything online

  23. fredwilson

    no way could it be 20% of cars on the road. i said 20% of cars sold in 2020

  24. jason wright

    it’s 25% in Norway… todayEdit: that’s on the road.

  25. ShanaC

    πŸ™ But on the other hand, maybe we all could go back to doing car tinkering

  26. Matt A. Myers

    Momentum is a powerful thing. 20% of new car sales for sure. The next limitation will be how quickly they can scale production. Tesla has a high potential of completely owning this market if they’re able to build or retrofit 10-20 factories capable of outputting 10 million vehicles annually within the next 10 years; the battery factory will certainly be a leading reason to this.

  27. LE

    Sure it’s like Harley, Porsche or Mini drivers waiving at each other. Hmm, also Boaters. Except that it takes time and effort and for that matter some money as well.In some area’s of Philly they would call that “doing someone a solid”.I find human behavior like what you are describing interesting.That is people do certain things that make them either feel good in some way about themselves or to avoid a negative.

  28. jason wright

    i have to applaud France’s infrastructure investments over the years. It makes the UK look third world.

  29. panterosa,

    Saw a really cool startup as a judge recently at Columbia Biz Sch. I hope they make it

  30. Joe Cardillo

    Do you recall the name / premise?

  31. Joe Cardillo

    Makes me wonder if there’s room for someone to come along and start 3D printing cars & circuit boards. EVs seem ripe for that.

  32. jason wright

    Norway is so very wealthy. A sovereign surfing enclave acquisition?

  33. panterosa,

    Not allowed to share that. Ping me in January if still interested.