WATCH: The #AxiosBFD, our inaugural dealmakers summit, featuring @GJCardinale, @DanyGarciaCo, @costplusdrugs' Co-founder @mcuban, @NYSE Pres. @lynnmartin, @socialcapital's @chamath, @ESPN Chair James Pitaro and Chris @sacca. trib.al/0SEp82M
Check out the #AxiosBFD agenda & tune into exclusive interviews. 👇
.@DanyGarciaCo on the purchase of the XFL:
"Everything we've done in our life has led to this moment."
"Let me just say there's no need for a second NFL. However, there is a need for a development organization for the NFL on player development," @GJCardinale said.
@DanyGarciaCo .@lynnmartin on muddiness in the market: "I don't think this is the new normal, I think it's the normal until the Fed decides it's going to stop raising interest rates."
@DanyGarciaCo @lynnmartin .@lynnmartin on ESG: "From the CEOs that I'm talking to...they are looking to embed elements of environmental, social and governance responsibility into their day to day. I don't think anyone can argue that positive effects that diversity...has had on business."
.@socialcapital's @chamath on SPAC vs. the traditional IPO process.
“If you’re asking somebody for a billion dollars, I think it’s a fair trade-off to ask what you’re going to do with that billion dollars.”
.@chamath: “There's a narrative fallacy in Silicon Valley. We have been telling this lie which is that this is an artisanal craft business. It's not true."
@chamath .@ESPN chair James Pitaro on competing with younger brands like Barstool:
“We’re looking at bringing in talent that we think is consistent with our brand…heart, humor, not mean-spirited content that we think represents us well, that’s really the priority here.”
@chamath @espn .@ESPN chair James Pitaro: “Bob Chapek has been clear and consistent that ESPN is an important part of the Walt Disney company, it is an important part of the future of the Walt Disney company. It's connected to our strategy…they see the value of live sports.”
@chamath @espn .@ESPN chair James Pitaro on Manningcast:
“Definitely lightning in a bottle, they are incredible. The chemistry between two brothers…I don't think anyone would have predicted the way the two of them are resonating.”
.@sacca on climate change: "There's no line of business that will not be impacted by climate."
.@sacca speaking on technological progress and decarbonization:
"We are learning that our addiction is suicide fuels is literally killing us, and it is subjecting us to the whim of these petro-fascists," @sacca said.
.@mcuban on why he put his name Cost Plus Drugs — something he hadn't done with other companies.
“I had to tell Bezos…your margin is my opportunity," @mcuban said.
When asked if he talks to Elon Musk about the Twitter deal @mcuban said, "Not really, no."
"I don't care."
When asked if he would run for office, @mcuban said he can have a bigger impact doing what he does now.
" We're saving lives. We're changing lives, and there's nothing more gratifying than that."
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