16:00Ryan Reynold’s Mint Mobile Acquired For $1.35B, Chat GPT-4, & More Tech News (#433)
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
The episode covers ChatGPT-4’s ability to program games and bypass CAPTCHAs, but hosts debate whether AI hype matters to average people. Ryan Reynolds’ Mint Mobile is being acquired by T‑Mobile for $1.35B, with Reynolds owning 20–25% equity, illustrating how a celebrity with distribution can build a massive company. An original iPhone from 2007 sold at auction for $63,000.
Key insights
- AI products are most effective when the AI is invisible and just works (e.g., the yellow first‑down line on NFL broadcasts, 360‑degree backup camera); leading with “this is AI” is a bad sign.
- Mint Mobile is essentially a sales and marketing company layered on an existing telecom network, using Ryan Reynolds’ brand and comedic irreverence to target price‑conscious customers.
- Ryan Reynolds likely has zero direct reports; his role is branding and creative direction, not day‑to‑day operations, and that is worth the reported 25% equity.
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