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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 1 00:00:00,000 --> 00:00:04,162 WWW.MY-SUBS.CO 1 00:00:03,290 --> 00:00:04,579 It doesn't matter what I'm saying. 2 00:00:04,580 --> 00:00:05,819 It's just, "Oh, that's nice. He showed up." 3 00:00:05,820 --> 00:00:10,780 [MUSIC] 4 00:00:10,800 --> 00:00:14,699 The season finale of The Premise is a philosophical fable 5 00:00:14,700 --> 00:00:18,050 about the power of redemption versus the drive for revenge 6 00:00:18,070 --> 00:00:21,140 and whether it's possible for a human being to outrun his fate 7 00:00:21,160 --> 00:00:23,660 or rewrite his destiny. 8 00:00:23,680 --> 00:00:25,470 It's called "Butt Plug." 9 00:00:25,478 --> 00:00:27,769 [MUSIC] 10 00:00:27,770 --> 00:00:32,770 - Synced & corrected by MementMori - -- www.MY-SUBS.com -- 11 00:00:39,920 --> 00:00:45,164 [DRAMATIC CLASSICAL MUSIC] 12 00:02:18,360 --> 00:02:21,400 We could dip into the kids' college funds. 13 00:02:23,100 --> 00:02:24,980 That's their future. 14 00:02:25,000 --> 00:02:27,100 I know, but if we lose the house, 15 00:02:27,120 --> 00:02:30,160 we're going to have to move out of the school district, so... 16 00:02:30,180 --> 00:02:33,160 - I really think you should just... - No, no, no, no, no... 17 00:02:34,200 --> 00:02:36,160 What do you have to lose? 18 00:02:36,180 --> 00:02:38,724 You're working on a financial services company. 19 00:02:38,730 --> 00:02:41,614 He is the biggest international banking CEO... 20 00:02:41,620 --> 00:02:44,660 No. No. 21 00:02:44,680 --> 00:02:46,720 I was terrible to him. 22 00:02:47,720 --> 00:02:49,789 It's a shame in my life how I treated that kid. 23 00:02:49,790 --> 00:02:52,866 It was 30 something years ago. 24 00:02:52,870 --> 00:02:55,540 - I would think he would forgive you. - He shouldn't forgive me. 25 00:02:56,800 --> 00:02:58,460 I wouldn't forgive me. 26 00:03:00,340 --> 00:03:02,100 What did you tease him for? 27 00:03:02,960 --> 00:03:03,970 [EXHALES] 28 00:03:04,730 --> 00:03:06,080 You know, for whatever. 29 00:03:07,180 --> 00:03:09,820 For being... different, 30 00:03:09,840 --> 00:03:11,936 - for being poor. - For being poor? 31 00:03:12,780 --> 00:03:16,680 Eli, he's one of the richest men in the world, 32 00:03:16,700 --> 00:03:20,483 of all the things in the world to have a sense of humor about. 33 00:03:20,490 --> 00:03:22,079 Look, that's what you should say to him. 34 00:03:22,080 --> 00:03:24,200 How sorry you are. 35 00:03:24,220 --> 00:03:26,380 How funny this is. 36 00:03:26,410 --> 00:03:28,536 That obviously, this is karma. 37 00:03:28,540 --> 00:03:31,840 That you ended up having to turn to him. 38 00:03:31,860 --> 00:03:33,680 He'd never take the meeting. 39 00:03:35,600 --> 00:03:37,128 Just reach out and see. 40 00:03:37,980 --> 00:03:39,420 Swallow your pride. 41 00:03:39,430 --> 00:03:40,780 It's not pride. 42 00:03:41,800 --> 00:03:43,160 It's shame. 43 00:03:44,140 --> 00:03:46,720 Nobody ever says swallow your shame. 44 00:03:48,060 --> 00:03:50,240 Yeah, no, I agree. 45 00:03:50,270 --> 00:03:52,179 It's a weird phrase. 46 00:03:52,180 --> 00:03:53,189 [PHONE INTERCOM] 47 00:03:53,190 --> 00:03:55,530 Eli Spector, he says you grew up together. 48 00:03:59,560 --> 00:04:01,240 Eli Spector. 49 00:04:01,260 --> 00:04:03,360 After all these years. 50 00:04:04,680 --> 00:04:06,410 No, no. To the contrary. 51 00:04:07,980 --> 00:04:09,820 For you, I can make the time. 52 00:04:12,340 --> 00:04:15,416 [MUSIC] 53 00:04:34,440 --> 00:04:35,641 Hi. 54 00:04:35,650 --> 00:04:36,764 [LAUGHS] 55 00:04:36,770 --> 00:04:38,439 Um, wow. 56 00:04:38,440 --> 00:04:40,280 Nice to, uh... 57 00:04:41,200 --> 00:04:43,480 - It's been so long. - So long. 58 00:04:44,520 --> 00:04:47,200 Obviously, so much has changed and... 59 00:04:47,220 --> 00:04:48,574 for you, especially. 60 00:04:49,420 --> 00:04:50,990 You still live in Victory? 61 00:04:51,000 --> 00:04:53,162 Yeah. Yeah. 62 00:04:53,900 --> 00:04:55,400 I remember you were living 63 00:04:55,420 --> 00:04:59,520 in this beautiful house right next to Crystal Lake, 64 00:05:01,180 --> 00:05:03,130 always in the newest, finest clothes. 65 00:05:03,140 --> 00:05:05,100 Yeah, the, the... 66 00:05:05,130 --> 00:05:08,386 the place has changed, you know. 67 00:05:08,390 --> 00:05:10,500 Not what it used to be. 68 00:05:10,520 --> 00:05:13,057 Do you know the story of the ship of Theseus? 69 00:05:13,660 --> 00:05:14,700 [LAUGHS] 70 00:05:14,720 --> 00:05:17,680 Never paid much attention in school. 71 00:05:17,700 --> 00:05:22,066 A ship at sea over time has its planks replaced one by one. 72 00:05:22,880 --> 00:05:25,440 At a certain point after many years, 73 00:05:25,460 --> 00:05:27,830 none of its planks are the same. 74 00:05:27,840 --> 00:05:30,366 Is it still in fact the same ship? 75 00:05:31,740 --> 00:05:32,880 [CHUCKLES] 76 00:05:32,890 --> 00:05:34,420 [POOF] 77 00:05:34,440 --> 00:05:36,120 I mean, uh... 78 00:05:36,900 --> 00:05:38,950 I just, uh... 79 00:05:38,960 --> 00:05:42,960 Your success, it just blows me away, you know, 80 00:05:42,980 --> 00:05:46,257 and then you really earned everything on pure merit. 81 00:05:46,260 --> 00:05:49,057 What is merit, when you really think about it? 82 00:05:49,060 --> 00:05:54,440 Inner qualities, outer influences. Is any of that really merit? 83 00:05:54,470 --> 00:05:58,820 Or are we just sailing blindly along a scripted sea of fate 84 00:05:58,850 --> 00:06:01,380 on a winding path that would seem all too obvious 85 00:06:01,400 --> 00:06:02,980 to anyone looking back? 86 00:06:05,680 --> 00:06:07,740 Hey, man, I... 87 00:06:07,750 --> 00:06:11,365 I just have to get this out of the way. I, uh... 88 00:06:11,970 --> 00:06:13,430 I feel terrible, 89 00:06:15,360 --> 00:06:17,700 absolutely awful, um... 90 00:06:18,560 --> 00:06:20,580 about the way I was, 91 00:06:20,600 --> 00:06:22,160 and, um... 92 00:06:23,880 --> 00:06:26,520 I just want a chance to raise my kids right. 93 00:06:26,540 --> 00:06:27,960 And, um... 94 00:06:30,920 --> 00:06:31,960 [CLEARS THROAT] 95 00:06:33,520 --> 00:06:34,940 We were children, Eli. 96 00:06:38,320 --> 00:06:39,680 We're different now. 97 00:06:41,670 --> 00:06:44,857 And without those obstacles, I wouldn't be who I am today. 98 00:06:45,420 --> 00:06:48,200 It motivated me, Eli. It still motivates me. 99 00:06:48,980 --> 00:06:50,420 And the more success I have, 100 00:06:50,440 --> 00:06:54,168 the more I realize that the only things that really matter 101 00:06:54,180 --> 00:06:56,911 are the elemental things, the personal things, 102 00:06:58,420 --> 00:07:00,060 like this lunch with you. 103 00:07:01,680 --> 00:07:02,900 So... 104 00:07:06,160 --> 00:07:07,630 How can I help? 105 00:07:08,620 --> 00:07:09,700 [EXHALES] 106 00:07:09,720 --> 00:07:11,082 Okay. 107 00:07:11,090 --> 00:07:12,320 [CLEARS THROAT] 108 00:07:14,700 --> 00:07:17,740 You've heard of the blockchain and I've heard of the blockchain, 109 00:07:17,750 --> 00:07:21,435 but 97% of insurance providers have never heard of... 110 00:07:21,440 --> 00:07:23,560 I'd say no... Stop, I'm sorry. 111 00:07:23,580 --> 00:07:24,710 Um... 112 00:07:25,480 --> 00:07:27,130 You're still doing it. 113 00:07:27,140 --> 00:07:28,220 Blockchain... 114 00:07:29,160 --> 00:07:31,696 You're still following what the popular kids are doing. 115 00:07:31,700 --> 00:07:33,700 You're better than that, Eli. 116 00:07:33,720 --> 00:07:36,520 See, in business, I've learned to not follow 117 00:07:36,550 --> 00:07:38,140 what the popular kids are already doing 118 00:07:38,170 --> 00:07:40,579 because the opportunity is definitionally marginal. 119 00:07:40,580 --> 00:07:43,216 If you want a transformational opportunity, 120 00:07:43,220 --> 00:07:47,060 you need to find something that everyone else sees as worthless 121 00:07:47,080 --> 00:07:49,980 and elevate it to something priceless. 122 00:07:51,000 --> 00:07:52,530 Well, that, um... 123 00:07:53,390 --> 00:07:56,220 sounds very wise and, uh, 124 00:07:56,240 --> 00:08:00,200 it's certainly worked for you, so thanks. 125 00:08:00,220 --> 00:08:02,010 Do you know what would be of interest to me? 126 00:08:05,170 --> 00:08:06,230 A butt plug. 127 00:08:08,600 --> 00:08:10,170 A butt plug? 128 00:08:12,400 --> 00:08:14,780 Just a butt plug? 129 00:08:14,790 --> 00:08:18,380 No, not just a butt plug. 130 00:08:18,400 --> 00:08:20,460 A great butt plug. 131 00:08:20,480 --> 00:08:23,410 A butt plug the likes of which the world has never seen. 132 00:08:24,140 --> 00:08:28,120 A butt plug that once the world does see it, changes the world. 133 00:08:28,130 --> 00:08:30,860 If you were to bring me that product, yes, 134 00:08:30,880 --> 00:08:33,299 that would be of great interest to me. 135 00:08:35,850 --> 00:08:39,840 You see, the difference between your face and mine right now, 136 00:08:39,860 --> 00:08:43,260 the difference between our faces is the human definition 137 00:08:43,280 --> 00:08:45,560 of an arbitrage opportunity. 138 00:08:45,580 --> 00:08:47,271 That is profit. 139 00:08:47,280 --> 00:08:48,770 I don't quite... 140 00:08:48,790 --> 00:08:52,095 Of course it would have to be something extraordinary, 141 00:08:52,100 --> 00:08:54,830 something that would require your complete and total focus. 142 00:08:54,850 --> 00:08:56,780 You would have to quit your project 143 00:08:56,800 --> 00:08:59,540 and devote yourself full time to developing a product 144 00:08:59,560 --> 00:09:01,940 that would be worthy of my consideration. 145 00:09:03,080 --> 00:09:04,480 But if you did, 146 00:09:06,540 --> 00:09:08,340 I would schedule a meeting of the full board 147 00:09:08,360 --> 00:09:09,960 of my company a year from today, 148 00:09:09,980 --> 00:09:12,140 and you would have the full and undivided attention 149 00:09:12,160 --> 00:09:14,590 of me and my associates. 150 00:09:15,250 --> 00:09:17,440 Sorry, are you saying... 151 00:09:17,460 --> 00:09:21,200 you want me to quit my job... and... 152 00:09:21,220 --> 00:09:25,017 spend the next year of my life developing a... 153 00:09:25,020 --> 00:09:26,602 butt plug? 154 00:09:28,190 --> 00:09:29,897 Would there be a contract? 155 00:09:29,900 --> 00:09:32,500 No, no contract, 156 00:09:32,520 --> 00:09:35,069 no promise of any kind other than a meeting. 157 00:09:36,180 --> 00:09:40,380 No, you would be pursuing this on pure speculation 158 00:09:40,410 --> 00:09:43,420 based on the well-established history I have of proposing things 159 00:09:43,440 --> 00:09:45,020 that sound outlandish at first 160 00:09:45,040 --> 00:09:47,331 only to be met with unprecedented success. 161 00:09:47,340 --> 00:09:48,999 This could be the next one of those. 162 00:09:51,800 --> 00:09:54,130 Or it could be the worst decision you ever make. 163 00:09:55,760 --> 00:09:57,869 Of course, at the end of the day, you don't bet on an idea, 164 00:09:57,870 --> 00:10:01,887 you bet on a person, so you need to place a bet. 165 00:10:03,220 --> 00:10:05,050 You need to look into my eyes and ask yourself 166 00:10:05,060 --> 00:10:07,720 whether for a person in my position, 167 00:10:07,740 --> 00:10:12,210 mercy is a stronger satisfaction than revenge. 168 00:10:15,870 --> 00:10:17,736 You can stay on the path you're currently on, 169 00:10:19,740 --> 00:10:21,130 or... 170 00:10:22,270 --> 00:10:24,780 drop what you're doing and come to my office a year from today 171 00:10:24,800 --> 00:10:27,320 with a butt plug that will change the world 172 00:10:27,350 --> 00:10:29,248 and your life along with it. 173 00:10:32,200 --> 00:10:34,480 Um, what, ah... 174 00:10:36,740 --> 00:10:39,175 is a butt plug? 175 00:10:40,310 --> 00:10:42,360 Sounds like you have a long journey ahead, 176 00:10:43,700 --> 00:10:45,740 and you've already taken the first step. 177 00:10:53,530 --> 00:10:55,454 A butt plug. 178 00:10:55,460 --> 00:10:56,980 I had to look it up. 179 00:10:58,210 --> 00:10:59,540 Well... 180 00:10:59,560 --> 00:11:01,420 How hard is it to make a butt plug? 181 00:11:01,440 --> 00:11:03,343 The way he wants to do it? 182 00:11:03,350 --> 00:11:04,850 Take everything I've got. 183 00:11:05,880 --> 00:11:08,340 There's no half-ass in this, Susie, 184 00:11:08,360 --> 00:11:11,640 so to speak, I'd have to... quit the startup. 185 00:11:11,660 --> 00:11:14,376 You'd have to take a second job. 186 00:11:17,760 --> 00:11:19,200 Is he fucking with you? 187 00:11:23,040 --> 00:11:24,520 What if he is? 188 00:11:28,440 --> 00:11:30,220 What if he's not? 189 00:11:31,110 --> 00:11:33,070 [PHONE RINGS] 190 00:11:33,880 --> 00:11:37,600 Eli... I'm glad to hear it. 191 00:11:37,620 --> 00:11:39,235 Yeah, we'll be in touch. 192 00:11:41,780 --> 00:11:49,328 [MUSIC] 193 00:11:59,930 --> 00:12:03,008 One of the keys to a butt plug is you don't want to go too small. 194 00:12:03,010 --> 00:12:04,980 - Ahh... - Small ones fall out. 195 00:12:05,000 --> 00:12:06,860 It needs to be wide enough 196 00:12:06,880 --> 00:12:08,973 for the sphincters to grip it and hold it in place. 197 00:12:08,980 --> 00:12:12,850 [BACKGROUND CONVERSATIONS] 198 00:12:12,880 --> 00:12:14,040 Got you. 199 00:12:14,060 --> 00:12:16,810 [BACKGROUND CONVERSATIONS] 200 00:12:24,450 --> 00:12:25,864 Fuck! 201 00:12:32,800 --> 00:12:37,230 [TV] Oh, God. Oh, God. 202 00:12:37,250 --> 00:12:41,130 [MOANS] 203 00:12:43,640 --> 00:12:45,880 Uh, good, not great. 204 00:12:45,900 --> 00:12:48,929 Uh, I feel like you're losing sight of how the insertion goes. 205 00:12:48,930 --> 00:12:50,184 Right. Right. 206 00:12:50,190 --> 00:12:53,726 I definitely think material-wise, metal is perfect. 207 00:12:53,730 --> 00:12:55,853 It feels better in the butt, in my opinion. 208 00:12:59,732 --> 00:13:03,110 [MUSIC] 209 00:13:19,220 --> 00:13:24,214 [MANUFACTURING SOUNDS] 210 00:13:24,220 --> 00:13:30,804 [ALARM GOES OFF] 211 00:13:30,820 --> 00:13:34,808 [RHYTHMIC MUSIC PLAYING] 212 00:14:11,020 --> 00:14:12,180 My friend. 213 00:14:12,210 --> 00:14:13,847 - Oh... - [LAUGHTER] 214 00:14:13,850 --> 00:14:15,414 Oh, my God. 215 00:14:15,420 --> 00:14:17,020 - Are you excited? - Oh... 216 00:14:17,040 --> 00:14:19,350 I'm fucking terrified. 217 00:14:19,360 --> 00:14:20,660 [LAUGHS] 218 00:14:20,680 --> 00:14:23,482 Well, the whole board is here as promised. 219 00:14:23,490 --> 00:14:26,320 London, Dubai, Buenos Aires, 220 00:14:26,340 --> 00:14:27,903 they all flew in from around the world. 221 00:14:27,904 --> 00:14:29,720 - Really? - Mm-hmm. 222 00:14:29,740 --> 00:14:31,907 Just for a butt plug. [CHUCKLES] 223 00:14:34,240 --> 00:14:36,200 It's not just a butt plug, is it? 224 00:14:37,960 --> 00:14:41,020 I asked for something transcendent, something revolutionary, 225 00:14:41,040 --> 00:14:43,360 something worth an hour of my time and a year of yours. 226 00:14:43,380 --> 00:14:45,462 You're not telling me now that it's just a butt plug? 227 00:14:47,660 --> 00:14:54,060 Everything I have... is riding on this butt plug. 228 00:14:56,700 --> 00:14:59,600 Okay. The people you're about to meet are my colleagues, 229 00:14:59,620 --> 00:15:01,680 and in many cases, they're my friends, 230 00:15:01,690 --> 00:15:03,780 but they are not my peers. 231 00:15:03,800 --> 00:15:07,340 My peers are the other chairmen of the world's largest companies. 232 00:15:07,360 --> 00:15:08,402 You see what I'm saying? 233 00:15:13,060 --> 00:15:15,600 We grew up shoulder to shoulder, 234 00:15:15,610 --> 00:15:17,250 but we were not peers. 235 00:15:18,530 --> 00:15:20,030 You see what I'm saying? 236 00:15:21,470 --> 00:15:22,875 No. 237 00:15:24,140 --> 00:15:28,220 I don't want an object whose peers are other butt plugs. 238 00:15:28,240 --> 00:15:31,420 I want a butt plug whose peers are the other great objects 239 00:15:31,440 --> 00:15:32,620 in existence. 240 00:15:35,600 --> 00:15:37,430 Whenever you're ready. 241 00:15:44,780 --> 00:15:47,600 My friends, thank you all for coming. 242 00:15:47,620 --> 00:15:51,862 It's my great pleasure to introduce you to Eli Spector. 243 00:15:52,980 --> 00:15:55,780 We've known each other since childhood. 244 00:15:55,790 --> 00:15:58,120 And the time has changed us all so much. 245 00:15:58,140 --> 00:15:59,424 Uh... [LAUGHS] 246 00:15:59,430 --> 00:16:02,320 - None more than your chairman here. - [LAUGHS] 247 00:16:02,340 --> 00:16:05,209 Eli, it's a pleasure to introduce you to the board of directors. 248 00:16:05,210 --> 00:16:08,780 To your immediate left, with the confident smile, is Sandy. 249 00:16:08,800 --> 00:16:11,500 Sandy has led two Fortune 500 companies, 250 00:16:11,520 --> 00:16:14,510 but her sense of humor has remained very down to earth. 251 00:16:15,260 --> 00:16:17,560 To her left is Alice. 252 00:16:17,570 --> 00:16:19,515 Alice comes all the way to us from London 253 00:16:19,520 --> 00:16:22,100 and this is in fact her first time traveling 254 00:16:22,110 --> 00:16:23,560 since the loss of her husband. 255 00:16:23,570 --> 00:16:25,521 My condolences, Alice. 256 00:16:25,530 --> 00:16:29,191 The man with the generous light shining through his eyes is Charles. 257 00:16:29,200 --> 00:16:32,380 Charles and his partner Steven run our charitable foundation. 258 00:16:32,410 --> 00:16:33,946 Wonderful to meet you, Eli. 259 00:16:33,950 --> 00:16:35,948 Thank you for the work you do. 260 00:16:35,950 --> 00:16:38,283 And, of course, you'll recognize Gail Truesdale. 261 00:16:38,290 --> 00:16:39,701 Ambassador. 262 00:16:39,710 --> 00:16:42,480 Troy is the youngest member of our board, 263 00:16:42,500 --> 00:16:45,415 a former Fields Medal winner. That's a prize given out to... 264 00:16:45,416 --> 00:16:49,711 The most gifted statistical analyst of his generation. 265 00:16:49,720 --> 00:16:54,341 I'm well aware, Troy, or if I may, Dr. Ozdemir. 266 00:16:55,680 --> 00:17:00,023 Last but not least is Marcus 'The Moneyman' Stevens, [CHUCKLES] 267 00:17:00,030 --> 00:17:02,300 representing our emerging investments arm. 268 00:17:02,320 --> 00:17:03,767 Excited and pumped. 269 00:17:03,770 --> 00:17:05,740 [CHUCKLES] All of us, Marcus, 270 00:17:05,760 --> 00:17:08,960 all of us are very excited and pumped. 271 00:17:08,980 --> 00:17:10,436 [CHUCKLES] 272 00:17:10,440 --> 00:17:11,510 Eli. 273 00:17:14,640 --> 00:17:15,860 [CLEARS THROAT] 274 00:17:19,660 --> 00:17:21,860 I'm here to present a butt plug. 275 00:17:24,000 --> 00:17:25,460 Come on. Laugh. 276 00:17:26,860 --> 00:17:28,750 Butt plug. 277 00:17:28,760 --> 00:17:30,919 Come on, it's funny. 278 00:17:31,730 --> 00:17:33,160 And those are funny words. 279 00:17:33,180 --> 00:17:36,430 It's funny that I'm here, a stranger, 280 00:17:36,450 --> 00:17:39,560 a total nobody standing in front of all of you 281 00:17:39,580 --> 00:17:43,890 saying, I'm here to present a butt plug, right? 282 00:17:45,860 --> 00:17:47,799 Come on, let's be honest, when we hear a butt plug, 283 00:17:47,800 --> 00:17:51,454 we assume it's a crude punch line to a cruder joke or a... 284 00:17:51,460 --> 00:17:53,100 cheap accessory to a... 285 00:17:54,600 --> 00:17:56,070 cheaper experience. 286 00:18:00,960 --> 00:18:02,510 That ends today. 287 00:18:02,520 --> 00:18:05,440 [SWOOSHING SOUND] 288 00:18:06,560 --> 00:18:09,080 How do you find the most value? 289 00:18:10,300 --> 00:18:14,070 You search for that which is the most undervalued. 290 00:18:15,350 --> 00:18:18,340 One of the great financial thinkers of our time said that. 291 00:18:18,360 --> 00:18:21,860 In fact, that thinker happens to be in this room right now. 292 00:18:21,880 --> 00:18:23,013 _ 293 00:18:23,020 --> 00:18:27,582 But I want to take you on my journey in finding value 294 00:18:27,590 --> 00:18:30,854 in the undervalued today. 295 00:18:31,520 --> 00:18:36,400 Now, the sex toy industry, is a $50 billion a year industry 296 00:18:36,410 --> 00:18:39,923 growing at nearly 25% a year for the last 5 years. 297 00:18:39,930 --> 00:18:42,426 Now, as Marcus will be the first to tell you, 298 00:18:42,430 --> 00:18:43,739 those numbers are enough to motivate 299 00:18:43,740 --> 00:18:45,410 just about any company in the world, 300 00:18:45,420 --> 00:18:47,746 but that's not this company's philosophy. 301 00:18:47,750 --> 00:18:52,459 Follow the magic and the math will follow. 302 00:18:53,440 --> 00:18:57,540 The world, since Daniel and I were children, has changed. 303 00:18:57,550 --> 00:19:00,240 And the inspiring story of our time 304 00:19:00,260 --> 00:19:03,011 is the revolution we're living through 305 00:19:03,020 --> 00:19:06,800 and our approaches to intimacy and identity. 306 00:19:06,820 --> 00:19:08,140 Once marginalized, 307 00:19:08,160 --> 00:19:11,180 orientations and identities are rapidly fighting 308 00:19:11,210 --> 00:19:13,438 for representation and respect 309 00:19:13,440 --> 00:19:16,858 in a more inclusive society they're defining. 310 00:19:16,860 --> 00:19:21,100 With that sexual practices once trivialized and diminished, 311 00:19:21,120 --> 00:19:24,040 with even harmless-seeming mockery and jokes, 312 00:19:24,060 --> 00:19:27,619 move from the shadows into the sunlight of society. 313 00:19:27,620 --> 00:19:30,455 - _ - So, that leaves us with a great story, 314 00:19:30,460 --> 00:19:32,359 but with all due respect to the foundation Charles runs, 315 00:19:32,360 --> 00:19:34,440 - you guys aren't a charity... - [CHUCKLES] 316 00:19:34,470 --> 00:19:36,340 ... and a great past, but... 317 00:19:36,360 --> 00:19:38,340 you guys don't have a time machine. 318 00:19:40,180 --> 00:19:41,290 You don't, do you? 319 00:19:41,300 --> 00:19:42,634 [LAUGHTER] 320 00:19:43,260 --> 00:19:45,920 No, what you want to know about is the future. 321 00:19:45,940 --> 00:19:47,039 _ 322 00:19:47,040 --> 00:19:50,360 Now, when we've seen this growth parabola and comparable industries 323 00:19:50,380 --> 00:19:52,160 that develop in tandem with a cultural shift, 324 00:19:52,180 --> 00:19:54,800 there's a fascinating commonality. 325 00:19:54,820 --> 00:19:56,960 Whether it's computing or high-end coffee, 326 00:19:56,980 --> 00:19:59,100 a product at the center of a cultural shift 327 00:19:59,120 --> 00:20:02,380 reaches the exact point we're at today when an object, 328 00:20:02,400 --> 00:20:06,860 a singular object emerges that hits the nexus between elite status 329 00:20:06,880 --> 00:20:11,730 and mass appeal and powers the leap from cultural uniqueness 330 00:20:11,750 --> 00:20:13,498 to cultural ubiquity. 331 00:20:14,300 --> 00:20:18,260 With coffee in the 1990s, it was the Starbucks cup. 332 00:20:18,280 --> 00:20:21,524 With computing in the 2000s, it was the iPhone. 333 00:20:21,530 --> 00:20:23,860 This point of no return 334 00:20:23,880 --> 00:20:27,780 is when an industry coalesces around its DSO, 335 00:20:27,800 --> 00:20:30,540 its dominant singular object. 336 00:20:30,560 --> 00:20:35,350 Where are you getting this... this theory of analysis? 337 00:20:36,100 --> 00:20:38,890 This is my original analysis. 338 00:20:38,900 --> 00:20:40,200 It's proprietary, 339 00:20:40,220 --> 00:20:42,539 but I'd be more than honored to share it with you if we work together 340 00:20:42,540 --> 00:20:45,320 and apply it to all sorts of phenomenon. 341 00:20:45,340 --> 00:20:48,740 But, um... back to the bottom line... 342 00:20:48,750 --> 00:20:50,744 - [LAUGHTER] - ... if you will... 343 00:20:50,760 --> 00:20:55,600 What will be that object in this industry? 344 00:20:55,620 --> 00:20:57,460 The Harvard Medical School Center 345 00:20:57,480 --> 00:20:59,720 for Study of Sexual Practices conducted studies 346 00:20:59,740 --> 00:21:02,297 on every sexual and gender identity. 347 00:21:02,300 --> 00:21:04,460 I obtained a researcher pass 348 00:21:04,480 --> 00:21:06,656 to visit them and see what they learned. 349 00:21:06,660 --> 00:21:08,680 Their conclusion was the obvious. 350 00:21:08,710 --> 00:21:12,400 There is one anatomical point with a far higher incidence 351 00:21:12,420 --> 00:21:16,240 of sexual responsiveness across all human beings than any other. 352 00:21:16,260 --> 00:21:17,973 Not more sensitivity, mind you, 353 00:21:17,980 --> 00:21:21,107 but more universally reported sensitivity by a mile. 354 00:21:21,110 --> 00:21:22,776 Why are the numbers so high? 355 00:21:23,880 --> 00:21:29,670 Because it's a body part virtually every human being has. 356 00:21:29,680 --> 00:21:31,493 [LAUGHTER] 357 00:21:31,500 --> 00:21:35,800 So, we've established the potentially dominant universality 358 00:21:35,820 --> 00:21:38,320 of this object in response to one cultural shift: 359 00:21:38,340 --> 00:21:40,400 sexual and gender identity. 360 00:21:40,420 --> 00:21:42,587 But there's a second shift we're experiencing: 361 00:21:42,590 --> 00:21:45,393 the nature of intimacy. 362 00:21:45,400 --> 00:21:47,180 The two fastest-growing intimacy statuses 363 00:21:47,200 --> 00:21:48,718 with which people self-identify are, 364 00:21:48,719 --> 00:21:50,964 one, people who are solitary by preference, 365 00:21:50,970 --> 00:21:52,639 and two, people in a relationship 366 00:21:52,640 --> 00:21:54,439 in which another partner is not physically present. 367 00:21:54,440 --> 00:21:58,114 Now, the object I'm presenting today is not only an object 368 00:21:58,120 --> 00:22:00,520 with near-identical responses across all sexual 369 00:22:00,540 --> 00:22:01,550 and gender identities, 370 00:22:01,570 --> 00:22:04,570 it's also an object with near-identical responses 371 00:22:04,600 --> 00:22:07,140 across all intimacy identities. 372 00:22:07,160 --> 00:22:09,760 That means, in intimate partnerships 373 00:22:09,780 --> 00:22:11,380 as well as those without partners 374 00:22:11,410 --> 00:22:13,340 or without partners physically present. 375 00:22:13,360 --> 00:22:16,069 And Troy, you don't need a Fields Medal to know 376 00:22:16,070 --> 00:22:17,599 that when you overlay two growth curves, 377 00:22:17,600 --> 00:22:19,374 the curves don't double, they grow... 378 00:22:19,380 --> 00:22:20,542 Exponentially. 379 00:22:20,550 --> 00:22:23,962 But that's just the dominance of a $50 billion a year industry. 380 00:22:23,970 --> 00:22:25,634 Why quit there? 381 00:22:25,640 --> 00:22:29,020 Stop. Stop. 382 00:22:30,160 --> 00:22:31,219 I need a break. 383 00:22:32,400 --> 00:22:35,460 [BACKGROUND NOISE] 384 00:22:54,370 --> 00:22:56,064 - This is him? - He is a madman. 385 00:22:56,070 --> 00:22:57,079 - Oh, adorable. - Come on. 386 00:22:57,080 --> 00:22:58,163 Yeah. 387 00:23:01,000 --> 00:23:03,580 So, we've established the potential of this object 388 00:23:03,600 --> 00:23:07,750 to ride this cultural wave, right? But... 389 00:23:07,760 --> 00:23:10,680 how could it do something more important? 390 00:23:10,700 --> 00:23:14,012 How could it expand the wave all together? 391 00:23:14,020 --> 00:23:16,640 Let me start with an example you might find amusing. 392 00:23:16,650 --> 00:23:20,310 Vibrators are a $3 billion a year business. 393 00:23:20,320 --> 00:23:22,430 Not bad. Not bad. 394 00:23:22,440 --> 00:23:25,160 You know what's a $7 billion dollar a year business? 395 00:23:26,070 --> 00:23:28,180 Hand-held personal massagers. 396 00:23:28,200 --> 00:23:32,614 [LAUGHTER] 397 00:23:32,620 --> 00:23:36,900 [LAUGHTER CONTINUES] 398 00:23:36,920 --> 00:23:38,700 [LAUGHTER CONTINUES] 399 00:23:38,710 --> 00:23:39,869 I'll wait. 400 00:23:39,870 --> 00:23:44,626 [LAUGHTER CONTINUES] 401 00:23:44,630 --> 00:23:48,772 The point being, many consumers need a cover story 402 00:23:48,780 --> 00:23:51,880 to purchase an object designed for sexual pleasure 403 00:23:51,900 --> 00:23:55,769 which alone accounts for enormous hidden numbers. 404 00:23:55,770 --> 00:24:00,308 But what if their cover story wasn't just a cover story? 405 00:24:01,480 --> 00:24:04,080 What if this were an object that... 406 00:24:04,100 --> 00:24:06,870 provided relief to nearly 40 million people a year 407 00:24:06,890 --> 00:24:08,960 who suffer from constipation? 408 00:24:08,980 --> 00:24:11,690 What if it had a built-in Wi-Fi-enabled camera 409 00:24:11,710 --> 00:24:13,670 that could automatically operate a colonoscopy 410 00:24:13,690 --> 00:24:16,533 saving as many as 10,000 lives a year? 411 00:24:18,110 --> 00:24:20,660 Do you think $599 is too much to charge 412 00:24:20,680 --> 00:24:22,940 for a previously marginalized object? 413 00:24:22,960 --> 00:24:24,000 I did. 414 00:24:24,020 --> 00:24:26,710 So, I took it upon myself to lead a dozen focus groups 415 00:24:26,720 --> 00:24:29,710 all of which came to the same conclusion. 416 00:24:29,730 --> 00:24:33,299 Even though $411 is the break-even point, 417 00:24:33,300 --> 00:24:37,178 the price point the consumer preferred wasn't $499, 418 00:24:37,180 --> 00:24:39,514 $599, or even $799. 419 00:24:39,520 --> 00:24:46,771 Customers want to pay $999 for this object. 420 00:24:47,480 --> 00:24:49,500 Because the extra cost 421 00:24:49,520 --> 00:24:54,780 was what helped counteract the stigma of a butt plug 422 00:24:54,800 --> 00:24:58,533 and turn it into a genuine "Veblen good." 423 00:24:59,540 --> 00:25:02,280 Like a Lamborghini or a bottle of fine cognac, 424 00:25:02,290 --> 00:25:03,620 this is the type of good 425 00:25:03,640 --> 00:25:07,570 where the customer actually wants to overpay. 426 00:25:08,750 --> 00:25:12,360 $1,000 bucks is a lot, but it's my health, you know. 427 00:25:13,650 --> 00:25:14,680 It's important. 428 00:25:14,710 --> 00:25:18,653 Accounting for this astronomical profit margin. 429 00:25:18,660 --> 00:25:19,929 Incredible. 430 00:25:19,930 --> 00:25:23,700 But what really makes something worth it to a consumer? 431 00:25:24,920 --> 00:25:26,680 If it's a great investment. 432 00:25:27,860 --> 00:25:29,859 I know what you're thinking. How could something like this 433 00:25:29,860 --> 00:25:31,220 be a great investment? 434 00:25:31,240 --> 00:25:33,060 Well, it would be if, say... 435 00:25:34,600 --> 00:25:36,946 it were made with zinc. 436 00:25:37,800 --> 00:25:40,440 And if I had pre-negotiated zinc futures 437 00:25:40,460 --> 00:25:43,200 with the government of Bolivia to ensure that even a moderate order 438 00:25:43,220 --> 00:25:46,040 hits a threshold that will drive up the price of the metal so high 439 00:25:46,060 --> 00:25:48,100 that anyone who owns the object can rest assured 440 00:25:48,120 --> 00:25:49,800 it will appreciate in value 441 00:25:49,820 --> 00:25:52,620 whether or not they ever take it out of the box... 442 00:25:53,760 --> 00:25:55,260 which I didn't. 443 00:25:55,280 --> 00:25:58,360 Put another way, anyone who owns this butt plug 444 00:25:58,380 --> 00:26:01,500 can at any point in times of financial emergency, 445 00:26:01,520 --> 00:26:04,015 melt it down for parts in case times get tight, 446 00:26:04,020 --> 00:26:07,852 and make a substantial profit on their purchase. 447 00:26:09,700 --> 00:26:11,930 But I don't think they'll want to. 448 00:26:15,540 --> 00:26:17,940 How do you find the most value? 449 00:26:20,120 --> 00:26:24,960 You search for that which is the most undervalued. 450 00:26:26,210 --> 00:26:29,200 We all know what it's like to be undervalued, 451 00:26:29,220 --> 00:26:31,209 but I know both sides of it. 452 00:26:31,760 --> 00:26:33,600 I undervalued someone. 453 00:26:34,600 --> 00:26:37,940 I know I undervalued him not because he went on to become 454 00:26:37,960 --> 00:26:40,009 one of the richest men in the world, 455 00:26:40,010 --> 00:26:43,400 but because when he had no reason to... 456 00:26:46,240 --> 00:26:47,900 he still gave me a project 457 00:26:48,820 --> 00:26:53,360 to change the last plank on a ship. 458 00:26:54,760 --> 00:26:57,790 Some say a man's character is his fate. 459 00:26:58,560 --> 00:27:02,282 Others say fate is the joke a man's life plays on his character. 460 00:27:02,300 --> 00:27:04,450 Where are you getting this? 461 00:27:04,460 --> 00:27:07,550 Revenge is the expression of our yearning 462 00:27:07,580 --> 00:27:11,916 to bend the chaotic world towards balance, justice, logic, 463 00:27:13,580 --> 00:27:15,120 but mercy... 464 00:27:16,580 --> 00:27:18,330 mercy has no logic. 465 00:27:19,780 --> 00:27:21,880 It's the divine. 466 00:27:21,890 --> 00:27:25,134 It's the expression of a universe that makes no sense. 467 00:27:25,140 --> 00:27:28,560 A universe that has something when it should have nothing. 468 00:27:29,760 --> 00:27:32,000 It's the spark of the divine, 469 00:27:33,540 --> 00:27:38,100 of a new beginning out of nothing 470 00:27:38,120 --> 00:27:42,680 with the potential of the infinite. 471 00:27:52,510 --> 00:27:53,541 Anyway... 472 00:27:55,420 --> 00:27:58,040 that's what this butt plug means to me. 473 00:27:59,320 --> 00:28:02,130 I'm curious to hear what it means to you. 474 00:28:04,130 --> 00:28:06,221 - You spent a year on this? - Yes. 475 00:28:07,600 --> 00:28:08,932 It shows. 476 00:28:08,940 --> 00:28:10,320 Thank you. 477 00:28:10,340 --> 00:28:14,380 Look, Daniel, brought us in from all over the world. 478 00:28:14,390 --> 00:28:17,860 He clearly wanted us to be here for this, 479 00:28:17,880 --> 00:28:20,100 and I can see why. 480 00:28:20,120 --> 00:28:23,409 We're more of a financial services company, 481 00:28:23,410 --> 00:28:27,408 but the principles that you applied to this 482 00:28:27,410 --> 00:28:31,560 couldn't be more in line with what we've been searching for. 483 00:28:31,580 --> 00:28:33,800 We haven't done products here. 484 00:28:33,810 --> 00:28:36,740 We've always had a family-friendly brand. 485 00:28:36,760 --> 00:28:38,700 But you have made a great case 486 00:28:38,720 --> 00:28:40,760 as to why that might not rule this out. 487 00:28:41,840 --> 00:28:43,580 I'm curious as to what Daniel thinks. 488 00:28:50,920 --> 00:28:55,010 You can look me in the eyes and tell me you put your entire heart 489 00:28:55,030 --> 00:28:56,980 and soul 490 00:28:57,000 --> 00:28:59,330 and vulnerability into this presentation? 491 00:28:59,350 --> 00:29:00,740 Answer carefully... 492 00:29:02,380 --> 00:29:03,486 Answer honestly. 493 00:29:04,120 --> 00:29:05,240 Yes. 494 00:29:07,390 --> 00:29:09,742 The answer is yes. 495 00:29:36,060 --> 00:29:39,430 I'll tell you exactly what you can do with your butt plug. 496 00:29:43,230 --> 00:29:47,000 You can shove it... up your ass. 497 00:29:48,240 --> 00:29:52,201 [LAUGHTER] 498 00:29:52,220 --> 00:29:58,166 [CLASSICAL MUSIC PLAYING] 499 00:30:33,030 --> 00:30:35,440 [LAUGHTER CONTINUES] 500 00:30:54,180 --> 00:30:55,400 Thank you. 501 00:31:15,340 --> 00:31:16,570 [EXHALES] 502 00:31:17,180 --> 00:31:18,560 How did it go? 503 00:31:21,060 --> 00:31:25,460 Now I'll be the greatest regret... of his life. 504 00:31:38,280 --> 00:31:41,900 [CLASSICAL MUSIC PLAYS] 505 00:31:50,960 --> 00:31:55,950 - Synced & corrected by MementMori - -- www.MY-SUBS.com -- 37767

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