South by Southwest 2012, Austin Weather, and Johnny Feelgood
Adam Curry and John C. Dvorak open the show from Austin, Texas, discussing the rainy weather coinciding with the start of South by Southwest (SXSW). They critique the commercialization of the festival, including high parking fees and corporate parties hosted by companies like Second Market. Curry recounts heckling a CEO about high-frequency trading and meeting a local artist named Johnny Feelgood.
south by southwest· austin· texas· molly wood· second market· high-frequency trading· johnny feelgood
00:00 John, how come you're not wearing your hazmat suit? I'm dead. Adam Curry, John C. DeVore Act. It's Sunday, March 11, 2012. Time for Gizmo Nation Media Assassination Episode 3-9-0. This is no agenda. Not letting go of my stolen hour here at Camp MoFo in the capital of the drone star state, Austin, Texas. In the morning everybody. I'm Adam Curry. And from Northern Silicon Valley where we ask the question, what's with this weather? I'm John C. Dvorak. It's Crackpot and Buzzkill. In the morning. What kind of weather do you have? Looks like it's going to rain. Oh man. You know, south by southwest started.
00:42 And we had had a beautiful week and the minute everyone came into town, thunder, lightning, nonstop rain. It brought it with him. Nonstop rain, I tell you. I feel, and I actually, I feel kind of sad because now it's my town. You feel sad for the South by Southwest crowd that can afford to just give essentially Gallivant over to Austin to party? No, no, no. I feel sad because I know that rain means less money. for the for the city of Austin. Yeah. And so yesterday we went to doesn't mean more money because they have to go to the bars and I don't think so. I think that when because they're in the bar, everything happens in the bar. Everyone, every company has a deal with the bar and like the bar Maggie Maggie Mays. I mean, they've got like five parties. So they they've they've split it up and they have seen that two days and they got
01:36 The Dutch it'll be the Dutch house and so you know they're really really smart and by the way you just walk in and they're like hey how you doing you here for yeah I'm here for you yeah that's it yeah just sign in you know so just sign in like I am Dan from dildos are us calm you know just sign with some fictitious name and it's free as D duck d-uck And it's free drinks. You know, it's great. It's everything's everything's paid for it's it's really it's fantastic American way well in socialism for the rich free enterprise for the poor so we went to the Austin market on 4th which was very small a because whenever it rains when it's really bad weather than less guys that come in some people drive 100 miles to sell their stuff there and
02:27 Of course there was a lot less parking because some of these parking lots have been rented out for you know I know companies like GE with their GE imagination stuff who cares it's all money for the city I'm happy and I park and normally the parking system here is you park your car and then there's a cabinet on a stick and it has slots and You look at the number you're parked in and then you literally fold up dollar bills in the amount of six and shove them into the slot and so each dollar bill, you know, you push the Previous bill into the slot and at the end you've got your last dollar in there There's a little thing hanging on a cord and it's like a piece of metal like a shiv And you and you push the last dollar in that's how we pay for our parking here and it's six bucks for a whole day. So
03:17 Now all of a sudden there's a dude there charging 20. I'm like, what is this? He's like, South by Southwest, brother. I'm like, okay. And then you go sit at Halcy and have a nice cup of coffee. And it was like, hey, would you like some free coconut milk? No, no, please keep on walking. Hey man, sign up to Belly Card here. I got my iPad right here, sign up. It's just like you get accosted continuously. I wanted a sticker that says I live here, leave me alone. That's a you actually could get that you could probably sell that. I could probably sell yeah yeah yeah so it's uh it's uh I live here I live here just leave me alone
03:58 But we recognize each other. So did you go to any of the events? It sounds like you went to at least a couple. No, not really. Well, Miss Molly Wood is here, as you know, and she came by. And so yesterday we went to see her. She was at what was the bar, the Thirsty Nickel, I think. The Thirsty Nickel? Yeah, the Thirsty Nickel. Wow, yeah on the 6th Street, which is clean 6 see dirty 6 is where I'd normally hang out that's the other side of 6th Street like way other side and Yeah, just a whole bunch of dudes, you know, and it's funny how how people wear their cowboy boots because they're coming to Texas
04:38 It's like we don't actually wear that a lot in Austin, just so you know. You're not like blending in with... Blending in with cowboy boots. With your alligator cowboy boots. It was actually, so I guess the... That's for Fort Worth, you people! I guess the bar had been paid for by Second Market. Are you familiar with this company? You should be. If you named 25 of the companies that are doing stuff, I wouldn't know 22 of them. You'd know these guys. Three of them I'd only kind of heard of. And then if you went back next year and named the same 25, I'd have heard of them all because they'd all be out of business. Well, Second Market is the company that buys or trades
05:20 restricted stock of private companies and oh and they became and they became yeah they became well-known because they are the guys that started trading in the Facebook stock and them to go public or else yeah and it was it was kind of weird you know cuz then the CEO gets up and he has a flower point on the on the wall and like yeah we are excited I'm like huh what yeah no yeah free drinks yeah we like that And he starts going through his whole spiel and by dropping an F-bomb every other sentence. Ah, he's a cusser. Yeah, which you know in our show we drop him from time to time when appropriate, but this is not appropriate. It's like it's... He's a guy selling stocks. Was he trying to sound like a truck driver or gangster or a mobster? No, hip. Doesn't make me have any confidence in his company. I think he was trying to sound hip. Nothing hip about cussing. Well, he's trying to make a point.
06:13 And he's saying does anyone here know what high-frequency trading is and his point is gonna be that the stock market doesn't care about you if you go public and that you know your stock is basically 60% of all stock is traded by computers and so he's like hey does anyone know? So he has to get into this whole thing of telling you why it's great to work with them and I'm standing way at the back And he's like, did anyone know what high frequency trading is? And it's like, like crickets. Cause all these people, nobody in the audience knew what it was. Well, then I yelled out from the back, bothered to raise their hands. I yelled out from the back. It's a scam.
06:52 He's like, are you talking about high frequency trading or second market? Yes. And he said, yes. Well, what's the let's look at a more technical explanation. I like, OK, whatever. Yeah. So anyway, so tonight there's we're just there to kibitz and heckle. Yes. Heckle. That's what I'm here for. Exactly. And then I guess tonight we're actually gonna because you know this thing doesn't stop right I think after I'd say it lasts for about two and a half months. Yeah, exactly I think after Tuesday, that's when the music part is and I'm kind of interested in that so you know it is kind of cool. There's lots of
07:30 There's lots of local musicians who are playing for free all over the place and we wound up the that night we wound up like Some party thrown thrown by a Russian girl, but this is like real Austin And Russian girl yeah, this seems. There's a huge Russian and Polish contingent in Austin, and they're interesting I think a guy comes up to me Like a little mousy guy with like a 70s zoot suit on. He's like, hello. Hey, you. He's like, I'm like your hair. My name is Johnny feel good. I'm an artist and I make movies. Yes. I'm in the right town. Johnny feel good. You look at his website, J feel good.com. Is that actually there? Yeah. Yeah. I'm Johnny feel good. He's cool. These are the real dudes.
08:19 Anyway, so tonight. I think we're we are going to hook up with molly We're going to check out the c-net party because we've been invited and I've also been invited to the rack space party Which is right across the street? We're not partiers The fine art of Johnny feel-good Johnny feel-good kicks it man He makes interesting art actually I like what he does. Yeah, I'm gonna buy something maybe anyway in the morning to you John C. Dvorak in the morning to you Adam curry and all ships at sea and boots on the ground and feet in the air from Northern Silicon Valley yes, and in the morning to all of our
