This week's episode might cover the most money we've ever talked about in one sitting. SpaceX went public and immediately went parabolic going north of $200 a share, Microsoft-esque market cap, and Elon's net worth jumped by "a full Warren Buffett" in a single day. Only 5% of shares are floating, almost everyone's locked up for a year, and people are already calling it the first $10 trillion company. Believe it or not, James says the animal spirits are officially out.
And it kept going from there. Cursor got acquired for $60 billion. We’re talking a four-person startup worth more than most public companies. Fox is buying Roku for $20 billion and basically running Meta's family-of-apps playbook for TV. Substack launched ads, Mercury dropped an agentic banking platform that runs laps around the legacy guys, and Sam Altman revealed that the four-word advice that saved OpenAI was just "always make an API." If you're running a platform without one in 2026, then you need to listen to more ADSN.
We wrapped on a take we're both really bullish on: tech companies are going to start looking like hedge funds. Tiny teams, massive leverage through AI agents, revenue per employee through the roof. The alpha is finding overvalued companies and launching leaner, AI-native competitors. And if you're in LA, the economy's booming: 11,000 new aerospace jobs, SpaceX minting thousands of millionaires, and Anduril just announced a billion-dollar campus in Long Beach. LA does entertainment and aerospace. Always has, always will. LA is so back.
THE RUNDOWN
ADAM RYAN | CEO & CO-FOUNDER OF WORKWEEK
James and Daniel interview with Adam Ryan, CEO of Workweek, about building professional communities and improving how media engagement is tracked and valued.
Workweek launches the first partner platform that connects newsletter engagement data directly to advertiser CRMs to better measure real business impact.
95% of newsletter clicks may be bots, meaning most email engagement benchmarks are essentially meaningless.
The platform reportedly matches about 44% of Fortune 500 CRM systems to real engagement data.
The "experience paradox" is real: the most knowledgeable practitioners are the least likely to share publicly, which is why communities like Workweek’s are so powerful.
The avg. tenure of a CMO at an enterprise company is ~18 months. This is often shorter than a normal B2B sales cycle, making attribution and proving performance existential for their careers.
Main takeaway: newsletter ROI is often unreliable today, and Workweek aims to fix attribution between marketing and actual sales outcomes.
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STAY CONNECTED
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