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Shell Game: Minimum Viable Company

December 5, 2025

AI Summary

5 min read

Shell Game: Minimum Viable Company

Evan Ratliff, a journalist and former startup CEO, logs onto a Zoom call with his two co-founders, Kyle and Megan. They discuss market research, morning workouts, and the grind of building a company. Kyle talks about his 5 a.m. routine and his obsession with finding the next unicorn. Megan describes her deep dive into market trends. Evan mentions hanging out with his kids at the beach. It sounds like a normal startup meeting—except Kyle and Megan are not human. They are AI agents, voice bots built on a platform called Retail AI, given prompts that describe their personalities and roles. Kyle is a serial entrepreneur who loves to "rise and grind." Megan has a technical background and handles sales and marketing. Evan Ratliff, a journalist and former startup CEO, is the only actual person in the room.

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What you'll learn

  • 1 (00:00) **Episode Introduction & Host Setup** - Simon Adler introduces the episode and the premise of Shell Game Season 2: building a company run by AI agents.
  • 2 (02:01) **The AI Co-Founders** - Evan introduces his AI co-founders, Kyle and Megan, in a recorded Zoom meeting.
  • 3 (08:55) **Evan's Entrepreneurial History** - Evan recounts his past experience as a startup CEO, contrasting it with his current AI experiment.
  • 4 (13:28) **The Promise of AI Agents** - Evan explores the hype around AI agents as a replacement for human employees.
  • 5 (20:24) **Building the AI Team** - Evan creates his AI co-founders, Kyle and Megan, using voice cloning and AI calling platforms.
  • 6 (24:09) **Naming the Company** - The team struggles to name the company, revealing the limitations of the AI agents.
  • 7 (27:17) **The Memory Problem** - Evan discovers a critical flaw: his AI agents have no memory between conversations.

+ Full timestamped outline available in the app

Show Notes

A year ago we brought you a show called Shell Game where a journalist named Evan Ratliff made an AI copy of himself. Now on season 2 of the show, Evan’s using AI to do more than just mimic himself — he’s starting a company staffed entirely by AI agents, and making a podcast about the experience. The show is a smart, funny, and truly bizarre look at what AI can do—and what it can’t. 

This week we bring you the first episode of Shell Game Season Two, Minimum Viable Company. You can sign up to get the rest of the Shell Game ad-free, and the Shell Game newsletter, at shellgame.co .


EPISODE CREDITS: 

Shell Game 
Hosted by Evan Ratliff, 
Produced and edited by Sophie Bridges. 
Shell Game’s Technical Advisor Matty Bohacek 
Executive Produced by Samantha Henig, Kate Osborn and Mangesh Hattikudur at Kaleidoscope
and Katrina Norvell at IHeart Podcasts.

Radiolab portions 
Hosted by Simon Adler 
Produced by Mona Madgavkar.

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