Balaji Srinivasan returns to Upstream for an unfiltered conversation about recent events: SBF's conviction and the conflict in the middle east.--We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--SPONSORS:Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝to https://Beehiiv.com and use code "UPSTREAM" for 20% off your first three months.

Shopify: https://shopify.com/torenberg for a $1/month trial periodShopify is the global commerce platform that helps you sell at every stage of your business. Shopify powers 10% of all ecommerce in the US. And Shopify's the global force behind Allbirds, Rothy's, and Brooklinen, and 1,000,000s of other entrepreneurs across 175 countries.From their all-in-one ecommerce platform, to their in-person POS system – wherever and whatever you're selling, Shopify's got you covered. With free Shopify Magic, sell more with less effort by whipping up captivating content that converts – from blog posts to product descriptions using AI. Sign up for $1/month trial period: https://shopify.com/torenberg--RECOMMENDED PODCAST: Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff--X / TWITTER:@balajis (Balaji)@eriktorenberg (Erik)@upstream__pod@turpentinemedia--TIMESTAMPS:(00:00) Episode Preview(01:20) Why should we still care about the SBF story(05:17) An uncensored Twitter exposed the crimes(08:25) Why the system got an F on SBF(11:30) Why the network succeeded over the state(15:10) Sponsors: Shopify | GiveWell(18:00) Actual crimes vs political crimes(20:00) Did the press coverage force the indictment?(22:00) Why didn’t the state move faster if all the pieces were there?(29:30) Political fallout(30:30) Sponsor: Oracle(40:00) Progressive Muslim alliance(42:40) Pro Middle Eastern tech(47:50) Support for anti-Israel is where support for gay marriage was in 2000s(48:20) TikTok is global public opinion minus India and China(50:35) Should America intervene in the Middle East?(52:30) The six regimes(55:30) War with China(57:00) Retribalization of societyThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.