Snapshot · The Rest Is Politics: US
AT&T, the largest monopoly in US history, was broken up in the mid-1980s by Judge Harold Greene, which unlocked the technology that later enabled companies like Netflix and Facebook.
Where this was said
At 34:28 · chapter starts 29:20
Gavin Newsom's national wealth tax enters the discussion as a live fault-line in the Democratic Party. Scaramucci acknowledges the social-engineering impulse behind it — the system is wildly unfair and something must signal that — but argues the politics are suicidal. Americans already pay 50% income tax, sales tax, and property tax, keeping only about 34 cents of every dollar earned [1] — Katty Kay "Only 22% of under-30s believe in American dream: Only 22% of Americans under 30 believe the American dream still holds for them, reflecting…" 33:33 . Telling savers the government is in the 'confiscation business' will cost Democrats the election. The right model, he argues, is Teddy Roosevelt: break up trusts, defeat monopolies, splinter special-interest groups, and unplug Citizens United money from the system. Katty Kay, however, notes a generational shift: only 22% of under-30 Americans believe the American dream holds for them. They are not getting the returns the system promised, and their frustration is creating an opening — for the first time in 250 years — for something that looks like socialism in American politics. Scaramucci warns this 'wreck it' tendency never ends well.
Only 22% of Americans under 30 believe the American dream still holds for them, reflecting a large generational shift toward disillusionment.
AT&T, the largest monopoly in American history, was sitting on the technology that created Netflix, Facebook, and the entire internet. It had no incentive to release it while charging $4 a minute for long-distance calls. Judge Harold Greene's 1984 breakup freed it all. The lesson: monopolies kill innovation, and today's tech giants are doing the same thing.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
After their rebuilt app launched, Eyal and Yali hit $30,000 MRR in just 10 weeks.
PropGPT achieves a 48% conversion rate from app download to free trial sign-up.
For every user who downloads PropGPT, Eyal and Yali generate approximately $3.30 in revenue.
Before the rebuild, PropGPT had a 45% download-to-trial rate but only 13% trial-to-paid conversion, revealing a product quality problem.
PropGPT peaked at $40,000 MRR and 2,000 downloads in a single day during the NBA playoffs campaign.
A single viral influencer video with 600,000 views drove PropGPT's ARR from approximately $8K to $38K in about 3 days.
PropGPT runs at roughly 50% profit margins after accounting for marketing, data APIs, hosting, and tooling costs.
PropGPT spends approximately $10,000 per month on influencer marketing.
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