All-In with Chamath, Jason, Sacks & Friedberg

All-In's Best Ideas Pitch Competition: 4 Investors Present Their Top Trades Live

June 12, 2026

AI Summary

5 min read

The All-In podcast hosted its first "Best Ideas Pitch" competition, bringing four fund managers on stage to present their single highest-conviction trade. The episode is structured around four distinct pitches that range from a beaten-down casino operator with hidden Asian assets to a nuclear power producer riding the AI energy wave, a precision radiotherapeutics biotech, and a crypto-powered geolocation network for robotics. Each pitch is followed by sharp Q&A from the hosts and audience, and the episode culminates in a ranking vote. The throughline is not just the specific stock picks, but a masterclass in how different types of investors—value, thematic, biotech, and crypto-native—frame risk, identify hidden optionality, and size their bets.

The MGM Thesis: Hidden Assets and a Hostile Bid

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What you'll learn

1 (00:00) **Introduction & Contestants** - Chamath explains the inspiration for the "Best Ideas Pitch" competition, recalling his own past winning picks (Amazon, Tesla) and a losing one (Box). The four contestants are introduced via a video package.
2 (02:34) **Pitch 1: Aaron Cowan (Serrata Capital) on MGM Resorts** - Aaron pitches MGM, arguing it's not just a Vegas play but has hidden assets in Japan and Dubai.
3 (13:06) **Pitch 2: Dan Dreyfus (Talen Energy)** - Dan pitches Talen Energy, a power producer with nuclear and natural gas assets, as a play on the coming AI-driven power demand surge.
4 (27:17) **Pitch 3: Oleg Nodelman (EcoR1 Capital) on Actus Oncology** - Oleg pitches Actus (AKTS), a biotech company using "radio pharmaceuticals" to treat cancer with precision.
5 (40:19) **Pitch 4: Kyle Samani (MultiCoin Capital) on GeoNet** - Kyle pitches GeoNet (GEOD), a crypto token that powers a decentralized network for high-precision GPS (RTK).
6 (54:51) **Judging & Rankings** - The hosts and audience vote to rank the four pitches.
7 Standout Quotes