3 Episode results for "Kelly Tinker"
Tim Campos on Overcoming the Productivity Pitfalls of the Calendar
"Yeah hello and welcome back to another episode of beyond the to do list the above I mean ultimately what we'd be talking about really is where you lean on the software and AI and it side of things when one of the other big problem APPs of productivity email in its various forms connect with the calendar as well as when maybe it should or shouldn't and just overall this until after the fact productivity has been a huge part of my life from the beginning of my professional career I I started off as an intern to show glad to be here thanks for having me we've got a lot to talk about we can talk about time we can talk about calendars and email all the time that I had automating my job and I was so successful at this I was able to quintuple the throughput it comes to this thing that we call communication and the barriers that are ever present in productivity to the the flow of information work and my compliments here earn me a fulltime role at sybase it had throughout college but it really got me on this whole thing of and is now the CEO of woven which is reimagining the way people used their calendar so they can spend time on what matters most to them in this conversation that exact well life outline that I just gave you sure sure well so productivity in many respects I actually didn't realize is company called sybase and I was doing a job there that to me was kind of boring but it paid and so I spent all the we're going to talk about what is broken with the calendar what he's trying to do to fix the calendar and it's a lot more complex problem than you would think not only that but we'll touch on how shaw more well known company called facebook and it also helped me motivate me to start the company that I'm the CEO of now called Oh wow so just to outline like Ya that's almost like a meeting of life type it is yeah Boven which is burglaries offer companies I'm really really passionate about this space and finding ways to help you get more done with less effort with woven being calendar company or the main product being in the calendar space I'm curious because I know that into y calendars t NBA killer of productivity and what to do about it and personally I've actually taken a look at woven and adopted it and I think it might be something worth looking at for you as well yeah if you didn't know but I I would love for you to maybe set the context here real quick for you know some of your experience where you've dealt with Oh but you'll hear more about it in this conversation with Tim Campos Sir well this week it is my privilege to welcome to the show Tim Campos Tim welcome point in the past and maybe not now maybe woven has changed this but I know at some point in the past you hated calendars can lane what you mean by that is still uh of what I was doing without an actually reduce the amount of time during the day that it took me to do that it was our job I got it down to two and I was able to do five times as much aside got busier in my career might calendar started to become more just might to do listrik if it wasn't on my calendar so while I was on a trip to India she put in a my calendar to go get her a small gift in on occasion of my life because I'm so busy I can two places at once and I need to have a good system to help keep track of it that's not where the the so how do you take the work out of work how do you get to be more productive and that got me into enterprise software Is it like to get paid for the things that I do eight relationship comes with hate relationship comes from one it's so burdensome to manage its into the whole process of creating I didn't do it and if it was I did and I hadn't had men at Kelly Tinker who she ran an experiment to see how far she could push this calendar abandoned editing the event and sending the event to other people it's cumbersome it's not like other systems where you know for me to send a text message somebody not to jump off a bridge you probably would do it and I responded by saying yes there was enough travel time to get to the bridge I would so the calendar has very much become in the late afternoon of one of the days that I was there and LO and behold that's exactly what I did and so you know she pointed out to be after I think that if opt or you'd have double bookings on People's calendars or you have conference rooms that get reallocated somebody else nobody tells you about it and so interprises WanNa pay people to be productive that got me to be a CIO later my career I company called Kaley tinker in it about the second thing and this is particularly true in corporate environments they break and they break in really uncomfortable ways where calendar events get of it is that you're meeting what are some of the things about your past that might be relevant to them and vice versa all these things are things that does often what's happening is the flow of communication or or better yet let me just put it as information the so it's this thing that is really important to us if we had it better connected to the things that we're spending our time on Agean rethink the calendar to help us spend time what matters most and that starts with spending less time on the administration of the Council's counter smart enough to do that stuff the more likely it is that it takes so much time you have to hire a full time professional to manage it for you so I definitely have disdain for this system I wanna see that you know for those events when you're meeting with somebody new that you I have the appropriate breezing materials to help you understand these circumstances can be quite embarrassing where you don't show up to a meeting that you were really important to or somebody shows up at your office you weren't expecting for them or you don't have the we currently classified calendering as productivity software it's the anti productivity software this thing takes time and it takes the busier you are for you but it doesn't stop there it's how do we make sure that when you go into a meeting you're sufficiently prepared how to make sure that for all the events Oh of information it's happening but it's clogged it's Ma- it's lacking context it's lacking pre and post pre enjoyed for a particular event and so the when they don't work properly it can be such a drain on our productivity that is amazing to me I don't even have to touch the phone I can say hey series and a text message to Shannon then it will do the things that could be careful you're series you know I was GonNa say well I can see and hear from your relating your hatred for the calendar as to where that is stemming from its I e mail also is that you just highlighted to really critical issues the first is information it done differently but I also have loved for I have I've loved for the potential of it is you know it's kind of like you know you're you know the the your black sheep child when it comes to calendering let's take a simple thing I wanna meet with you you WanNa meet with me we don't know when each other can meet that's the information gap I don't have troubling Google the calendar has so much potential because it's so central to our lives at least for those of us that are at least moderately busy I mean even my wife they are fully subject to this information asymmetry the Sechin is context they lack context a meeting or not NFL things I'm spending my time on it has no idea or how much time did I spend with customers might be able to help somebody else answer that vented his on your your calendar has four bits of information it has a title has maybe participant sometimes he aide say they are bane of my and you know the first part is you know I I know that my date night with my wife which looks exactly like a dinner event with a customer fold but super easy to do that kind of communications calendars are not that way I can ask Siri to try to create a counter event she'll do all wrong account has the potential it doesn't currently do it today but as a potential to do and that's what woven who's trying to bring market is account that can do all those things a two very different events both of them have a a cost to move but a different kind of cost Asian flow and having been a chief information officers is something I have definitely made a key part of my career for the last almost two decades example an interview is a very different kind of meeting then a one on one with an employee again they look the same on the is like that which makes it says a counter doesn't have the context and without that you can't build the basis for automation might calendar doesn't and so if you could teach the counter these things it could be a lot more effective in helping you manage the trade-offs of reschedule so you have all the follow up actions are captured and executed on in in distributed to whomever responsible for them How do we make sure that the calendar has this potential to really help us spend time on what's matic what matters most as an estimation of woolen that is exactly what we're trying to do is to help you re career development objectives these are two very different kinds of meetings and because the counter can't tell the difference between the two of them can help us manage them calendar they are practically identical in terms of participant count the information or lack of in the description field the amount shen and follow through and so obviously it's in a sense somewhat broken a lot of similar ways that the thing that's often connected to count I like her whole life is lived out of her her calendar for all the things that she has to do with my kids and you know for her personal life and professional life you have home you want to see them succeed in and you know that they have potential but the driving you crazy that the con constantly getting in kids and the there is significant What I call it it's a little technical information doing your date night with your wife versus rescheduling a dare meeting with a with a client very different types of events or let's take another in the way that they need to be managed so context and information asymmetry are two of the big problems with calendars and how their bill today realized reading this blog post the brilliance of being explicit about it but for me my my maker time this time where I'm doing something the software engineer on coding or I'm preparing for a a big is to your calendar and you don't have access to mine so what do we do we resort to an incredibly manual process I will look at my calendar by will find spots that record put events on your calendar that don't have people in them it has time and as a description and that's it so it's very hard to go to your calendar and say hey one of the most mean one of the other things that it doesn't do is necessarily differentiate between what you're using your time personally for when it comes to whatever role you're in say time and this is something that I've definitely taken to heart I was doing a implicitly and how I manage my time and I did that thing can be done five minutes at a time if I don't have enough manager time things start to back up and I don't get to creative where I need loss of uninterrupted times like I'm writing a presentation or if a you know him but it can't do it on on its own there's query mechanism in Microsoft outlook or in Google calendar to answer that question and there's so many things we know what questions you're asking this candidate that you're aware of who else is candidate has met list not just that day but maybe before being scheduled with you day dedicated to make her time and a certain amount of time dedicated everyday manager time and then I'm going to coordinate my schedule around it I can fragment up my man when i WanNa meet with you I'll write them down I'll send them to you in an email or text message or maybe if we're doing this over the phone verbally share that with you it's incredibly inefficient for those types of tasks is very expensive Our brains need time to get back into the mode of of doing that minute call with somebody I kill my to our uninterrupted interval to get this test done now and dealing with the context switch which your time and treat them very differently it'd be great to get to the point where like an assistant with no because they would have meeting or one on one that would help you do manager job needed to maybe possibly take place during a blocked off manager chunk of kind of work and when you interrupt it kill your productivity there so it's very valuable to them block out those different segments the responding to emails and coordinating events in dealing with issues and that's that's manager time and yeah this is two thousand in nineteen we should be able to let machines do some of this stuff for us so that's the first major gap of counters had conversation and contacts with you which of those times is specifically less than maker time but more than manager time where if a managerial you know for the one on one you might have a running set of agenda items things that you're discussing with your employees about projects that they're working on time for yourself they could approach you about hey here's a potential playing that's coming in is this high enough level or a high enough priority to allow it to woven is to try to address this stuff so that not all meetings are of the same priority some meetings have are things that are urgent and managerial or Admin time versus say creator tied Toyota. This is a this is a huge one there's a great blog post on maker time versus manager the day and certain meeting types can stop on your manager time and certain meeting types can stop on anytime and what you need is you were the things that are really important these things have to be balanced you can't eliminate one versus the other and being delivered about that and saying okay I'm going to have a certain amount of time every a system that has the contextual understanding of both what's on your calendar higher trying to structure your calendar and his new event that and other people start to get impacted because they're waiting on me if I don't have enough maker time I don't do the things that tied career objectives or to the success of my company the time that they take on the calendar so they look the same but you're the way that you were going to manage to prepare for those is very very different you know for the interview you need to make sure the eldest split up by Fifty different five minutes at a time things to do if I were to do that in the middle of my maker time I kill it if I did a thirty new slide into that slot yet again these things are actually this is part of how we architect where am I going to do it and when am I going to do it and these are very much intertwined so if I'm meeting with somebody I can meet with them this afternoon at two o'clock but if I'm meeting somebody of the product by making the calendar a lot more complete and in many respects extensible you can teach the counter to some things that are important certain things should can occur at at at certain times of the day like lunch me should be in the middle of the day dinner meeting should be at the major time that's okay if I have to have a three minute call here there that's fine the plot in the middle of my manager time because most of the things I'm doing there are five minutes at a time creating and brings the fusion of that information together to make to help make suggestions decisions on how in Cisco I can't I have to go all the way up to I'm in mountain view you know that's an hour drive from mountain view to San Francisco so I have to because the people that you're meeting with have a different priorities for you And my wife is very important she has something that she to handle that and it knows that a board meeting is more important than maybe a daily stand up that you have so it's okay to stop on that particular type of event let's define the priority of a event what is what is it that I'm dean who might doing it with implicitly then you get into the what Lenin wear these are all really important things to deciding when you take an event so who matters it's one of the most important things I was doing to take care of that so who is important so as what what gets down to your objectives what what problem are you trying to solve and how does others quite a bit on whether or not you're going to take an event and when you're GonNa take it and then the last pieces is when you know the Stop on my manager in all these are require like big blocks you can't do them five five minutes at a time and then there's all budget manager stuff to understand it kind of event that is important to you but at the counter may not know anything about a board meeting Payton born beatings have to be this populating the where in the populating skype in the where brings up the map of skype headquarters yes which is of Houston no one yes win even whether to schedule a meeting so these are things that we we've built into woven to make them first class citizens of the ZIP event tied to that or is this you know am I doing this as in response to somebody elses need so in what those two things introducing a very top of my list you know when I was facebook Mark Zuckerberg's very important if he asked me to have a meeting with him I would drop anything awards more important than my manager is okay stop on those things or even maybe no be smart to to prioritize nations new ideas how we behave it would be great gotTA system bad supported us in that process which is why we built women you just reminded me schedule in order to accommodate this particular meeting so these are all the things that we already do is is humans when we're managing that system is not new in South Bay as an hour difference between the two and something sees are in both if I don't explicitly state in the communication with that pair for that in generally I don't want to spend time in the car so I will try to keep my San Francisco meetings collated together so the where manages a man making this episode possible I credit repair dot com you may be one of the millions of Americans who have had inaccurate or unfair negative items hurting your credit score late payments charge offs liens bankruptcies and even repossessions in previous members have seen an average of a forty point Trans Union credit score gain during four months of membership I used to be credit repair dot com believe everyone deserves an accurate and fair credit report the founders of credit repair dot com saw the strengths and weaknesses of the credit repair bureaus and nizing that when you type in Skype that could be a company because in the case of you're going to meet at he will Lincoln should occur with these people and these intervals so as as some of the things that teach this system but once you do that it knows how certain contacts request time exactly to we we call them the the the lost feels is the WHO tapie world email connects to some of the frustrations we have with the calendar that we've been talking about but before we get to that we're going to take a moment to thank our sponsors for now we can start talking about when is it we're GONNA we're GonNa do things all right now we're going to talk about how one of the other frustration tools in the But at least they try and I gaze I I'll give the calendar a gold star for effort for at least racket up your credit isn't going to repair itself credit repair DOT COM makes it easy to stay connected to your credit repair journey and help you achieve the goals you have sat in the process repairing your credit can be hard but calling terms coming into my household from all three schools that the separate people in my household were coming from productivity is not just about energy but it is about health as well a my company is based in mountain view they'll offer times or they'll ask for times and all offer times without us and I've had it because I've been using organic products things like protein powders probiotics immunity supporting vitamin C. Powder and as I've told you before credit analysis this is also brought to you by aura organic recently all three members of my household other than me were sick but luckily I had is easy call a credit advisor today let them help you rewrite your credit story head over to the Lincoln our show not beyond the to do list dot com slash two nine four to sign up today for a free fifteen minute in the example of sometimes calendars trying to get a little bit too smart yes to help them I'm your host Eric Fisher this is the show where I talked to the people behind the productivity this week I'm excited to share with you a conversation I had with Tim Campos he's the former chief information officer at facebook act two how do you negotiate this stuff so oftentimes the the where is an infant is information asymmetries well I could fide the stomp on my maker time does this Instance time can require sacrifice in my personal life through I have another lower priority meeting I need organic on my side and I never got sick I know I'm jinxing it now but truthfully I really do believe having oral organic on my side helped me get through unscathed by the knowing that there's travel time for either them for me and so we had to get that location thing off the table upfront where are we going to have this meeting I order just head over to aura dot organic there's no dot com in there it's just O. R. A. Dot Organic Use the code beyond at checkout and make sure to mark this on your to do list I've been doing a lot more physical activity recently so I've been using their plant based college boosting powder as well on top of easy being green that's made with over twenty you get some energy get fifteen percent off and then check it off your list and this episodes also brought to you by text expanders at some point here I oughta take track someday of how many times one of the funny things that happens to me when I scheduled calls and and they ask oh where's it going to be and I was like Oh we're going to do it on skype like we're talking through right now and then it was somebody finally introduced I've been going through fundraising saw get injuries to be sees all the time and some disease in San Francisco some visa are uber or salesforce or something like that it very likely could be close to where where it is that you need to be at least but generally speaking it's all good I'm using text expanded daily throughout the entire day just to let you know how much text expanded unlocks my productivity expand or makes it possible for me to be super productive edged superfoods so on those busiest days I'm not sacrificing nutrition so that I'm fueled properly for my energy and my productivity right now or is offering fifteen percent off to help you achieve the credit score you deserve credit repair dot com helps you get it by working with you to check challenge and change your credit score they can help with collections it supports IOS thirteen dark mode. I love me some dark mode and text expanded for teams unifies your organization's voice with shared snippets and whoever manages those snip it's making everything that I write repetitively available everywhere that I'm typing text documents spreadsheets web forms and now on ipad iphone uh-huh under so it goes it goes to email and that just further makes email this dumping ground of data of is chrome iphone and IPAD and you can get twenty percents off your first year by visiting text expanded dot com slash podcast again that's twenty percent off and them into forms with fill INS and pop fields optional text blocks auto fill dates with times and graphics text expanders available for Mac os windows is is tied to the information flow not just for the information on our calendars but information flow in general and is often tied to the calendar is like I mentioned earlier details is overused so you know I haven't event with somebody maybe there's a deck that I need to share with them ahead of time or maybe there's some tire year and you can get it by going over to text expanders dot com slash podcast one of the things then that I know is arbitrary priority that is not ranked sorted organized in any effective mechanism inasmuch as people like superhuman tried to really optimize its email what are your thoughts on how that's connected to the calendar well increasingly it's not I'm I'm not sure about how your life is but you know for me an agenda that we need to coordinate with each other on what do we do that don't do it in the calendar 'cause multiple people can't collaborate on the events inside of the read that that post people can provide feedback and ask questions on it and to do that over email was just a slack you can't you need an email address in order to to do that so again we've tried to think about ways to introduce the calendar indifferent ways through things like scheduling leagues that don't require email so we can accommodate environments which had moved beyond it but the other issues inside of woven because multiple people can edit pieces of that calendar events I maintain asli in order to at this stage organization on facebook workplace I write it there if I if I had a Typo in it I could edit it after the fact if I could see how many people communicated over its own product it used an early version of facebook workplace because it was far more efficient if I were to do a communication things that are older that haven't been dealt with if they are not important they may die on the on the vine if they in one of the things that I saw facebook is what the future work looks like and facebook was very much not an email culture and we we hardly communicate over email amongst ourselves we use slack all the time it's more federal important things get to the top of the list email so they don't fall subject to any of emails bad behaviors when you get into calendar in however you calendar over facebook workplace or how do you counter over event doesn't happen there are relevant if event moves that is relevant to those agendas and things like that so they very much should be tightly tied raided a lot of additional overhead for people you get those reply all circumstances where you send out the employees though the memo deers half a bunch of people's a I agree into the calendar and were enabling that type of collaboration in our product for somebody who maybe isn't understand being the nuance that woven is bringing to the calendar space and so for example let's just let's get real practical here for a second I have focused on scheduling but in the future manage the agenda managed the prep activities managed to follow up actions all these things can be associated with the event because at the end of the day it works for you I've already predetermined when recording times are available for people to take and then those times become busy on my calendar and I don't have to V8's what you're trying to do and are doing with woven from some of the existing tools that are out there for calendars I'll just give you small example you're a truly important comeback so it has a natural way ads creating and prioritizing information either of these things I and you get a hundred degrees after the tenth year like Guinea basically stopped lake so is much more effective for that man my company we use slack ascend multiple copies of adopt over and over again or with an air table US right in the spreadsheet or notion inside of the and with woven collaborate on the counter event it's got the ability to I mean the the the one major thing that it fixes is this idea of here's a link click it and then select the time that coordinating with multiple people now the one person selecting time option doesn't really work very well you need to get feedback from multiple county's only GonNa look at my availability but the other things that that we can do is that if you're personally tailored to the people that you're coordinating with so if I'm trying to have an investor meeting with this particular investor I can give them specific time Donovan has that meetings for meetings the location matters quite a bit and we've taken Google maps and we've integrated that into the count go back and forth and saying because this work for you does this work for you and etc but beyond that which woven does do and does more powerfully have already been able to see what differen- ban using a free version of calendar and sure you're aware of it I mean a you scheduled this call with me or somebody else did and then we made it happen but times in a scheduling link that I will make available for that investor whether or not for your busy as so I can I can suggest specific times she's not possible in apple time calculations and so what you're getting at is woven takes to all these things that we already do with calendars today and brings them together into a single pane available nights I have this week through my wife would not come across very well bad so is several things that were doing this see I'm a in a sense and all in one calendar and by doing that we can be a lot more intelligent about how and when we offer all these different features so the matthew people so we built a polling is similar to do yes I am into interwoven I mentioned earlier that will isn't always available relevant when I'm coordinating meetings with people who are in my office but it absolutely is relevant went on coordinating with with people who are want to have a group of people vote on times send it off and then the event will start to manage itself people who provide feedback if it's a one on in meetings that you can teach the calendar all the different kinds of meetings that you have you know from date nights to interviews to customer meetings difference the going back to the county example we actually really liked this this notion of the scheduling Lincoln's really powerful but we've tried to integrate it into the you know outside the office and we can be smart about how we present that information we can be smart about how we present time zone information when you're coordinating somebody who is in a different notified inside of a template together what this does is reduced the administrative overhead of the calendar so for me when I'm trying to schedule so with Callan Lee would you schedule date night with your wife using calumny as well now here here the in your case podcast reportings you can have different templates for each of these that automatically format the calendar event based on what how you want them to it's really the architecture of email overall that is the problem the right place to collaborate is like what we do with Google docs right collaborate inside at the dock so you don't have over how they think about the calendar in a way that transforms their their scheduling behavior they're meeting behavior for everything easily scheduled with others through scheduling links share your availability with people in very sophisticated but also secure ways time with somebody no matter how complicated the meeting is could be a board meeting with five different people it could be drinks with some friends it's just a couple of times times on our location for us we have a away a providing context to the counter through what we call templates predefine understood that you can see your time on a map you can see your counter on a map to map out how much time it's GonNa take to get from one event to the next and we'll even help you with the on your calendar the duration may be used colors the if there's other descriptive information that needs to go into the nose field about the content of what I am doing act that's what we see for woven users is the when they come in they start using the product it takes you just press one other button and now they've been so my calendar so all this together has made my life much less about the administration a much more one they can schedule the time if it's voting link they will provide their feedback on what times worked for them all the updates and as soon as I have all the information I needed so a very sophisticated product of very sophisticated Senate capabilities all designed to save people time one hardest things to do is managed time we become the only calendar out there that can fuse all of your time regardless of where it is into one place to allow you to quickly create create events a lot of busy work that then sucks away from the availability of time to be down all the rabbit trails of planning and scheduling and preparing and talking about the on this friend of mine has been has been for the longest time now he asked me just because he's like hey you know all these different like productivity tools is there a calendar meeting instead of just having the meeting and so I'm really excited to see this one of the things that whether it's they're not I'm not I'm not exactly sure and you can correct or if you use a our tagging mechanism which is valuable for analytical purposes after the fact to say how much time did I spend on a particular type of activity all this stuff can be will they might use Google calendar in personalized but they use Microsoft outlook in their professional lives they wanna have both in one place which is why we've been with multiple different organizations and so he needs to kind of have some between all of those cross availability for client meetings or podcast for everything they do and as such we've gotten a lot of pressure to make sure that we have a full accounting of all of their time so for some people calendar more directly so that it doesn't feel so impersonal as as you described to with county woven scheduling are like gifts of time and that are out there that can make it in pork for his unique situation which I don't think is as unique as as you think he is a contractor or freelancer APPs from me to fix a template decide whether or not I have the information to schedule right away or if I need to offer times to the other person the viewing not just for himself but kind of concurrent for all of them to see when he's available and him to see when they're available like it's kind of a calendars in how do they know that woven solves that problem by giving them one place to share their availability across all their counters and it has her woven allows us to fuse those two things together in his case he works for multiple people so he's and we see this with a lot of our users not just how much you have and kind of keeping track of that door you're not overloading yourself but also then making sure you're using that time in the right ways and it can be are independent consultants or small business owners and they work on behalf of several different companies and so they have calendar presence in each of these companies tasing getting Microsoft support out by the end of the year To to be able to address those particular needs and as we do that Donna and those personas oftentimes live in different calendar so my work life my work counter my personal calendar are separate and they don't talk to each other a lot of people they think oh no I don't WanNa sign up and have yet another calendar it's not having another calendar it's almost like having Microsoft outlook later this year but when you come into woven your all your new calendar data stays Goo calendar you can just manage it like oh hey I am talking to him soon and he was excited to hear that so he kind of Said Hey asked this question actually I have the scheduling aspect especially the the poll option being integrated their disclaimer. Like I signed up I'm in and and by the way I do want to say this for a more sophisticated version of a problem that most of us have which is that we have you know at least two percent is we have a work Persona Anna personal or home Paul groups of people to schedule Events and and that's all of the things that we're doing for for scheduling Advi You know in my universe I have four counters define my time one is my counter seconds might person uh-huh problem looking across multiple accounts yeah so he'll be excited because I I'm not sure he had actually been starting to to use woven and I was excited to hear that a half to be able to walk the broncos in can't do anything else at that time so those four things represent a fusion of my time and I won't take events or do I pick one that's basically a skin for it woven story user interface first and foremost as well as just the design of it but there's only twenty four hours in a day so if they take a meeting at ten o'clock on one calendar they are not available to take a meeting at ten o'clock on any of their other calendars but fixture there so I don't know if that's something you have baked yet or not maybe it's your soy answer such one of the first things that we did because his problem is is it makes that experience significantly better I can see that and I have kind of my I'll even say this from a user interface stand I'm going to be a part of those have to take time away from the other two and I'm a Denver broncos Fan so I have a denver broncos counter counter either user on boarding calendar which comes from a different account so when we schedule user on boarding sessions the I won't accept conflicts across those acas woken helps me off us that the availability of things into one view I'd like joint it's definitely rivaling some of the ones like I in the end it was like I just need to use a calendar used the built in one on whatever platform I'm using Oh as much information as you have screen real estate for so when I'm on my laptop I can usually only see one or two weeks of time at a time but when I'm on my by side next to each other and there's no other counter that does this this capability but allows me to see out into the future
Woven CEO Tim Campos
"Welcome to Techno Vatian weekly conversation with people who are shaping technology landscape. I'm Peter, Hi President of Meta Strategy Advisor Technology Executives Forbes columnist book author, and your host. Each episode of technician features, insights from top executives thought leaders at the intersection of business technology and innovation. If you like what you hear, we'd be grateful you give us a rating on itunes or through whatever other source you use for podcasts please subscribe. So you don't miss a thing. Thank you. My guest today is Tim campus. Tim Is the founder and Chief Executive Officer of Woven accompanied takes your existing Microsoft office or Google calendar and enhances them. While, scheduling managing calendars can be a source of frustration people. Bogan provides the most advanced scheduling tools to simplify things. Prior. To founding him was the chief information officer and Vice President of technology at facebook an interview we discussed the Genesis Story of his company, the most successful go to market models for productivity software and why woven decided not to directly compete with apple Microsoft or Google. We also discuss how tim is built his team woven, how the chief information officer role prepared him for his current CEO role and three elements that are needed to start a company successfully. Lastly, we discuss how tim has managed during this time of crisis, his experience on boards and a variety of other topics. Thanks for Tuning in please join me on Monday when my guests will be Pascal Boya, the chief. Information. Officer of Commonwealth Bank of Australia. Before we get to our interview. I wanted to introduce you to our sponsor Zozo and the company's President Timothy Cabbie. Prior to taking on his current role, he was the chief information officer of a number of companies including reliance industries, sears in trek on and the Warehouse Group. He's now at Zozo. A most unusual enterprise software company wanted to share perspectives from it Timothy. Take it away a famous VC points out that lack of clear foresight and failure of imagination resulted in many countries caught unprepared for the pandemic disrespected in lack of basic essentials like PP's mosques slows for medical stuff and that it is time to build ags really stand development or big just doesn't happen anymore in the four walls of it department. That is why We made the Creator in no code local deduction platform for business and it folks like it is enjoyed by over seven million users globally who have built six million APPS and counting both small and large enterprises use it to do rapid development iteration in Integration Amazon uses the creator in their supply chain. Tesla. Runs the entire production on the whole creator another logistic customer. Hours his shipped over fifty two Boeing dreamliner full of PP's globally using the whole creator on one hand CEO's responsibility is to reduce the risk technology poses to the business. But on the other hand cio's responsibility also includes unleashing value through powerful APPS anyone with an idea boating business in it can cloud native mobility APPs using zoll creator and yes, we agree with that. It is time to build. Tim Campeau is welcome nation. It's great to speak with you today. Thanks for having me Peter excited to be here. Yeah. I've been looking forward to this conversation especially, the comported this conversation the last time you and I were on the record together we shared a stage, a Forbes Conference in twenty eighteen still relatively early days of your company woven. Company that you had just bounded I guess a year and a quarter or so December of two thousand, sixteen But now as opposed to then you have more that you can cover in terms of how the company has evolved and even the the areas that focuses on that seemed like a logical place for us to begin to talk a bit about woven. Now thanks for again for having me here. So, woven is a technology that a company that founded to help people spend time more effectively help them spend time on what matters most and the product is Basically, a can think of it as a calendar enhancement it takes your existing Microsoft office or Google Suite calendar and we help do all the things that it can't do very effectively a number of problems that people have invited today's date nature. Is issues are becoming more prevalent. starting with simple things like managing their work and personal lives. oftentimes, those are in different calendars. Many times in different counting systems woven is very good at bringing a single consolidated view of all of your time in into one place. scheduling is a major problem for people when they start working with calendars I, want to meet with you with me, but we don't know when we can meet with each other and woven provides probably the most advanced scheduling tools in the market today to make it simple. To? solve. That problem. And the third thing that we do said it was very important times most I blasted that we have how you spend your time. It defines who you are. It doesn't matter whether you're a philanthropist or she oh or a software engineer or A mom your how you spend your time really dictates who are kind of person you are, and therefore the decisions that we make on how to spend time and and how we have been spending time. Are Really Important Woven makes easier for people to see. How their time has been allocated and help make better decisions on that moving forward. So that's what we do. And we've been really excited that. Some of the things that we've been working on have now gone from being at a you know important to. Incredibly. Which is made us quite busy. So, really really exciting time for us. A very exciting eating -gratulations Before we get to the the last part of your point I'd love to actually understand the the genesis of the idea you explain quite well, the importance of the idea and how you know y y you believe this to be. Irrelevant offering to everything from for MOMS to to see IOS and I wonder you know talk a bit about how the idea occurred to you. What was it about the way in which you were managing your own calendar others were doing so for you or perhaps discussions with others have led to this as an opportunity you wish to pursue. It's it started while I was at facebook and one of the things that facebook. Does as part of their employee engagement survey either they do twice a year is they ask a question? How much time are you spending on the things that you love? And that number was going down for me in two thousand, fifteen and relate started to accelerate twenty sixteen, which is in part what motivated me to think about doing something different. Spy. Created woven but also really got me thinking about the issue of time. Why was it that? Why why was it that? This was the case how was I spending my time and I was just kind of amazed at how hard it was to answer that question. It's a relatively basic thing and I couldn't go to my calendar and say how much am I spending on one on ones? How much time spending working on strategic things versus tactical things how much time I spending in my at work versus in my personal life? Every time I ask a question like that generated a lot of work for somebody and that wasn't helping he get the information that I needed on top of that part of solution to spending less time on the things that I don't want you to delegate rights delegating to my staff, and I had a very capable executive assistant. But. My EA was spending eighty to ninety percent of their time and scheduling for me just managing that part of the calendar. And so this seem to me to be a an area that was ripe for disruption. Thinking Hey it's twenty sixteen. You know we're in the age of artificial intelligence natural language processing. We already have the beginnings of what would eventually become a self driving car all this stuff, and yet the calendar is such A. BURDEN FOR US IT That there has to be something better and I didn't find it in the marketplace so I decided to go off and create it. So that's ultimately what motivated this. Decision to build woven. In, talk a bit about how you thought about the go to market with this. Who Do you see as you mentioned that potential appeal to anyone anyone who has a calendar and his mandate managing tasks which applies to most of humanity How have you thought about unrolling this? Are there certain industries that have been areas of focus? Have you been focused mostly in your immediate surroundings in Silicon Valley? I talk a bit about that. Peter. You get straight to the point. This is the toughest part of this This business it does the there's some technical challenges that most people don't fully appreciate the MC building. A system that is involved with the counter very very hard but the go to market is challenge Got a couple couple of challenges. One is that you know you've you've got a very large entrenched players. So Microsoft and Google Most people use their counters. There's also quite a bit of apple users people use apple's during solution, and so You don't want to take those guys head on right that's not that's not the goal of the company. Right we're trying to make a counter better. We're not trying to somehow replaced their business but the other hand is counters have very, very strong network affects. So part of why companies use whatever they use is everybody needs to be using the same thing. So how do you overcome? The network effect to bring up a product to market that. Can provide incremental value and so this lettuce to think about a couple of of approaches to market we knew that The way that people meet is an important factor into this that. We can get a certain people using the product that that would get other people using the product. For example, you get a CEO using the product in their staff is more likely to use it. But what we found just looking at the market is there was a an even stronger dynamic for productivity software that we had to pay attention to, and this is really spearheaded by slack and zoom. And also something to be dropbox and you can even throw evernote here. They are the most successful productivity software to come to market that didn't come from Microsoft or Google. And how do they do? It needs none of them were successful by going to my former brethren Of the company said to say, Hey, you should use slack get everybody to to not use it. slack adoption grew from the ground up people would would say, Hey, this is a better way for our team to communicate collaborate, and then eventually more and more people would use it and slack would have a reason to come talk to the CIO to go by enterprise account. Zoom did the exact same thing in fact, zoom hasn't even more striking comparison because there is a version of zoom that was really built for the enterprise I. It's called Blue Jeans and we were very big bluejeans users at facebook. So bluejeans is very much a tops down Selden CIO approach zoom was about still better video conferencing experiencing everybody use it, and then eventually those people will tell the CIO to is it. The latter has been successful model in fact, every single successful productivity. Software, there's come to market in the last five years is followed this bottoms up approach. Let the users pick you. Build a product that they will love, and then that will help lead you to business opportunities. So to cut a long story short, that's the approach that we're taking. We've built woven initially for the individual to solve your productivity problems, how your scheduling issues. Not, in trying to solve the problem for the entire organization yet and. as we scale and expand. Our users are helping us to get more users. They have people that they meet with a lot and scheduling is a problem in the scheduling experience is good with woven. It's even better when everybody's a woven user. So they help attract more people into the platform. The collaboration experience works when everybody is a will user so. Our users are helping to lead the way for us to help us essentially replicate what slacken and Zuma pioneered on this front. That's great talk a bit about the technology behind it. You mentioned you're part of a broader go system, and in many ways, it's it requires the you work with the incumbents and work well across calendars personal professional. Google two apple. As you mentioned before you mentioned them incorporating aspects of ai in an LP into the offering. Also talk a bit about you know at least in Layman's terms and and in brief. How the technology makes it work. So. There were A. Two seemingly contrary insights into what is necessary for a calendar. The first is that part of the reason why calendars have not evolved effectively is because it's not because of the the you is not because somebody hasn't been able to come up with a better looking calendar user interface it's at data they're operating on his incomplete. It's a back problem to be to cut a long story short. So we knew that we needed to build a very capable back. End On the flip side we also know that Microsoft and Google into some degree apple have a stronghold on the market and show it is futile to bring a product to market that is somehow competitive with them. It has to co exist for many different reasons and not the least of which is making it work for users. So the first bit of technology was to build this back end is back in that has the ability to create. A single consolidated view of events that we have and it's Kinda like facebook to be quite FRANKEN uses a lot of the same architectural concepts that facebook cat it's a graph it. It understands that this moment in time shared by you and me, and so it even though you have a counter entry and I have a counter entry there is a connection between the two and so do this by building this. Very Rich, very advanced graph-. And part of how we do it is we do in coexistence with Microsoft Google we we synchronize with their technology so they get to continue to operate as the underlying calendar. We just completed by sticking those calendar events together for everybody else. So to cut a long story short you know the the technology allows us to. Do various dancing like I'm a make it very easy for people to share their availability with others make it very easy for people to collaborate on a calendering bets like to coordinate a time or to have a group of people vote on times for when this this next meeting can occur, but it does it in a way where it doesn't disrupt people's existing data ecosystems that doesn't require them to sort of move away from Microsoft. Google they get to stay where they are and that has been a complex to bill. But now that it's in place and it's functional, it makes it really easy for people to come into the platform because they don't have to leave where they're at. They did have to press a button and now they've taken their existing calendars and they've just woven is them. They've made them much richer and more intelligent, and now they can take advantage of. SMART. Meeting invites in smart titles and March scheduling things at woven does that will automate their workflow. And Save them time but with not without having them have to be where they're at. Talk a bit about the team you build them as you as you've built out the company where of you chosen to add skills and you know how how you crafted team. There's a couple of pieces. In one of things that I learned especially at facebook. I I'm an engineer by trade a started my career this way but. to companies I worked at had phenomenal engineering and maybe even three sybase silicon graphics and facebook. And facebook of the three of them really helps me appreciate that. very strong engineering team very strong. Engineer is literally worth. Waiting Gold. Actually to calculate what the net profit was for software engineer at facebook versus the. You know what? The average weight of a human being would be for that age and I literally was able to calculate what the. That that, that statement was true that the engineers that we're hiring were literally worth their weight in gold. And so we've tried to do thing we've hired the best engineers that we can some of them came from facebook some of them can places. You know like Google. Microsoft. But really, really strong people. That can deal with this very esoteric, very arbitrary thing called time time is complicated to to think about an understand. beyond that. We've. Wanted to invest in design design is critical in today's Day and age. If we're going to build a product that people love, we have to design it well. So we hired one of the earliest designers at Google gentleman had been there for dozen years. We're done everything from Google hangouts to youtube to other things and Now he's been a core asset to a company to help us create excellence, and now what our focus is on marketing, how do we tell our story and again we've gone after the best that we can get and so our marketing team, it's really becoming a real. Asset at the company and As we move forward we're going to have to continue to expand in an other innovative areas customer service is premium product people need to feel like they're being taken care of they want the best support and best service that they can get eventually will have to have you know very good business development and sales that we can turn the value that we provide to people into. Chips with businesses and individuals that will create a successful business here. Those. Things are sort of on their way the other things are things that we've already had to start building but that's been the approach and with time you know woven has evolved from You know products to business and hopefully powerhouse. That's the next thing ecosystem that people can. Really see as GOP place to go when we want to help individuals and eventually companies and businesses optimized time. You Tim you spent. You've alluded to the fact that you spend time as an engineer at companies like sybase in silicon graphics you spent four years as a CIO, of Kelly, ten core before nearly six and a half as the CIO facebook and I'm curious. You're part of a growing group those still a pretty elite one to go from the ranks of chief information officer to founding company and and and being the CEO of that company and I. You've alluded to some of the advantages of your time at facebook that you've incorporated into the lessons of it they the value of a great engineer, the the graphical way of of setting up technology here just as you did a facebook, etc the talk about the of of Cio we says, it was implemented by you. And the advantages of having held that position now as a CEO and founder. Well I, certainly in the business of a technology company and so having to to build a technology company to have some. Understanding or or death in technology, which clearly CIO's do because they're the center of it for their companies. But on the other side of the CIO role, which I think is directly relevant here is that. Business leaders much more than the these engineering receipts IOS. The CEO's job is to translate a business objective into a technology strategy whether that's making your company more efficient or helping to lead the digital transformation of that organization or minimize risk or some degree of all of the above optimize supply chain. Every company now has at least one, sometimes three or four critical business objectives that they need enabled through technology Ashworth, give to their CIO, and if they hired the right people, the CIO is leading the charge on that for the business. And that understanding of the business is been a key part of my success both as a CIO and now as A. CTO I'm I it's given me a very well rounded perspective having worked at K. La Facebook as a cio I understood the finance strategy of those businesses I understood You know what was the deal fees for every single acquisition that we did and what were the critical objectives that needed to be able to? Achieve those guilty sees what is the hiring strategy or the the service strategy? In the case of Kelly tencor and house at tied to the success of the business? Why is that important how it is automation technology feed into that understanding these different aspects of the business helped me be very, very well rounded as a leader and now then as a cio able to use a lot of these same skills to to run my own company. A fundraising his eerily similar to what it's like to go get funding as a CIO right have to go talk to people who have money and get them to willingly give it to you when they may not necessarily be predisposition when you walk in the door to do it a. so venture capitals are capitalist not that much different from. CFO, they want to see numbers they WANNA see business strategy they WANNA see that risk is mitigated. and. You know these are things that are really really well because we have to do it every year sometimes twice a year sometimes every quarter just keep our budgets flowing and You know another thing is when you get into a recruiting, it's sometimes hard especially at a company like facebook and even A. Company like Kelly Tinker. How do you attract the best talent into your organization? We got to tell a story that's compelling. Kelly tencor is not going to hire the best it people because it's going to pay them the most because that's not its business strategy. So you need to have another reason why you're gonNA work at Kelly in court the IT Department because we're doing some amazing things that nobody else has done before same thing on facebook I had a different problem if we were going after the best technical resources where we had a competitor inside the company who would. Be Willing to steal, which is the engineering department, and so rather than fight that we joined it and we said, let's just be better than many of them in telling a story of why it or engineering united facebook is actually. You know as interesting or more interesting than working on WHATSAPP or instagram. or a messenger, and so we get that, and so we became very good at appealing to things other than just the. You know the the basics of the job, the company name, and the salary. Right. What's splits the mission of this organization? Why's it important and we're doing the exact same thing it will. Be are hiring engineers were asking them to take a risk on the company with take some of their compensation in equity that or private Knows, what it's going to be valued. In in order to do that effectively. Good. At appealing to people's hearts. Not just their their minds and their intellect meant. So we've been good at that working with customers as very similar to what is like working with customers is the Idaho again, you have to influence them you have to understand what the problems are in, translate that into what is my product do you and so all those things are similar and I feel like the cio roles actually done a fantastic job preparing me for. The. Role. I'd say a couple things that. Are Ingredients in addition to that, which are mark character attributes. one is Know willingness to take risks. Some CIO's are in roles where that's kind of hard to do, and it doesn't necessarily reinforce that character attribute. I've always had that as who I am as an individual is led me to do things that have helped to my career but have also been uncomfortable and time Definitely, you gotTa have that in order to be. A. Ceo a startup key you to be willing to big big big scary wrist. you know and I think a second thing is is is courage. You know you takes courage to do that stuff. On tenacity is also really important, you got to be willing to keep trying startups. They don't have linear outcomes. It's not like you know zoom started off and every year just every every quarter at twenty percent to its user base then got bigger bigger. It was very, very flat for them for a long time and then all of a sudden in two, thousand, sixteen, two, thousand, seventeen really starts to accelerate. Thanks to what's happened this year in twenty twenty with. A covert outbreak the. Become a household name but those things look almost literally happened overnight they after a long long slog of doing a lot of work to build your company's that takes tenacity perseverance. Yeah. We will to sort of put up with. Long. Periods of time without necessarily an incremental award. But in in balance I don't know how I would have been If I look back at my career I. I'm very grateful for the opportunities on how they had prepared me for. To be. So, what a great great explanation and a great overview of the of the if if. If. One is aware of the advantages and takes advantage of the strategic perch that the CIO position has within a enterprise structure. The advantages the then translate forwards if the opportunities like the one that you pursued you mentioned. So as we are we doing this interview, we're in the throes of be the coronavirus pandemic in the of the the economic downturn that it created be curious about just leading through these times perspectives that you have you. Mentioned this has been an unusually busy time for you I know you wouldn't wish of this be the reason for the business but as now more people are separated from their teams mandated to be separated from their teams and finding ways to be productive creatively end and taking friction out of the system wherever they can. It would seem to play well to an offering like yours talk a bit about Managing Review Times in how you. Doing So, because we're on audio users won't be able to see this but you will. But this is a picture that I have next to my desk. And I'll just describe it briefly a picture with Jim. Collins. That's exactly right. Jim Collins is one of my heroes I an opportunity to meet with him a couple of times. WE'LL CIO of facebook. And one of his books. I think it's great by choice He studied this idea of does luck matter ads in classical Jim. Collins fashion united does does this incorrectly? So he comes what's the definition of lock and how do we measure it and how do we look at companies that were good had good. Luck companies had bad luck. and to cut a long story short or at least to get to the core idea that I believe from this book it said Luck doesn't matter doesn't matter the good luck or bad luck. What matters is when a big things happen whether they're big bounce good luck or big amounts of bad like how you respond to them. This code outbreak is bad luck in for the most part right units, economic downturn, it is Certainly changing our lives as individuals as a society it is been Physically. Horrible for for many affected people. And but we can't just dwell on that. Did you really think about what's the silver lining here? What's the opportunity and let's grasp onto that. So for woven as a business, that's what we're looking at we're looking at okay. Things have just gotten hard certain aspects of our business. Experimenting. On a paywall experimenting with the economic side of things probably going to be a lot harder right now. But that doesn't matter because there's some other things that are going to be really important people need to work from home people need better tools to coordinate their time they need. They're doing all these zoom meetings they need better systems to set up zoom meetings and make sure that they don't stomp on. You know have multiple overlap of from one zoom room to the next So there's all these different solutions for us to provide. In this F, we just think about it and An adapter product strategy in our business strategy to the times of hand. That's what we've been You know we're trying to do actually created a channel in. Internal Slack Group called the lemonade. And the purpose of lemonade is to brainstorm new ideas that are coming from the the societal changes that will be thrust into. Coalition nineteen is a bunch of Lemons. Make lemonade out of it. So that's that's how I've been thinking about this I like that. Thank you for that that the analogy and the way in which you avoided you are also a on the board of a couple of companies. Since two thousand, fourteen you you've been on the board of the AVI of of billion dollar network tests, measurements, and assurance. Technology Company instance twenty seventeen on the board of Rack Space and I know you can't get into the specifics of what you're covering your board meetings. But these must be really active times as a board member and I wonder if you can at least in general terms, talk a bit about. Being on a board during these times in some of the vicissitudes of you know in the complications related to doing. So at the time of covid nineteen. I think that one of the big challenges that this is a shock it's an economic shock. And that changes business conditions. Exchanges Business Strategy, and you have to adapt to it. the number one ingredient mrs kind of going back to Jim Collins says Jim Collins's. As leadership leadership matters, and this is the also the number job of the board is to make sure that you have the right CEO and leadership team behind him or her. To a drive, your company fortunately for both. Of the Avi and rack space Have, we made those investments we made them early when it was painful and difficult. Went through leadership transition of the Avi that led us to the currency. Oh, he's phenomenal and similar things. Iraq's face leadership transition. Currency Oh. So we've had the right leadership in place Then he got to do what we talked about earlier. You gotta look for what's The business opportunity? For a business likely Avi you know they're going to have a short term. Challenges on on things that are more tied to consumer electronics, but maybe A. Could accelerate the transition to five. G and it can accelerate the. Changes in networks because so many people are working from home. So The has choices and options in ways that they can invest more in the things that are more relevant for the markets today. At they're willing to take the adjustment in other places whatever that means for them. Same thing with REX base. The cloud service providers have seen actually quite an uptick on thanks to a lot of online digital technology technologies getting. You know the increased adoption. So this is actually been a great opportunity for rack space to capture that growth. They just need to make sure that they adapt their go to market or marketing message how they engage with customers because they can't necessarily go to their site and meet with them in some cases and if they're able to do that quickly. They can turn this. you know this this challenge into an opportunity and they can do it in a way which really is better for everybody. You know it's better for society when businesses are efficient and healthy, and that's part of what both rack space beyond. Do. So this isn't just about. Taking advantage for selfish purposes actually really better for all of us and. So it really comes down to leadership and not mindset of let's find the silver lining which. Is An interesting I should give your listeners credit. You actually mentioned that Jimmy and under the beginning of our calls we were prepping for this. I really appreciate people who have that mindset. It's critical today's Day names. Yeah we'll Tim. Thanks so much. I appreciate you taking time of me today sharing a bit about your experience now as a as a founder and CEO of your own business I, wish you all the best. In its continued growth. Thank you so much for telling of more about your stories than a great conversation. Thank you for having me again I really enjoyed it. Thanks for Tuning in please join me on Monday when my guests will be archie desks chief information officer of Intel.
Mad Money w/Jim Cramer 02/10/21
"Exchange is now a podcast. I'm brian sullivan. Join me as we hit the biggest money stories from around the world breaking down the risks and rewards of global. Trade the news. You need to know what real world actionable advice. Even a little fun and unique content. You won't get anywhere else like the most random but it's thing thing you'll hear all day subscribe to the worldwide exchange podcast. Today my mission is simple to make you money. I'm here to level the playing field for all investors. there's always a bulwark at summer. And i promised help you find. It may have money starts now money. Welcome to crave guy. Friends was trying to make some money. My job entertaining but to educate teach. And put this in context. So call me at one. Eight hundred seven three. Cbc or tweet me at jim cramer. You wouldn't know it from the sedate action the averages bits and sixty two points it'd be edging down point. Oh four percent nasdaq. Declined puts you five percent but this is starting to feel a little bit like a kenny loggin's market yet. Were on say it. The highway to the danger so all right over dramatic. I know but you know what i watched for okay. Fourth really matters to be the market stocks will have enormous rallies that are totally disconnected from the underlying fundamentals. You get enough of these moves and you have to take something off the table because just like when you pour yourself a beer the froth doesn't last it's a sign that people are getting too greedy. Remember i always have said it. From sixteen years now bulls make money okay. There's me fox. They get slapped in right now the starting to stink of pork. What's got me so peeved. Well let's first of all. Is it really that hard. The spats especially the celebrity specs these supposedly can't miss ideas are becoming embarrassing. Frankly michael symbols the brin chairman of market investment strategy p. Morgan wrote a devastating critique of the screw earlier this week about the economics of these special purpose acquisition company. That you're playing if you start your golden. If you buy back is an inside you'll do fine but as a kiss down the road the food chain it turns less and less valuable cypher. Few superstars like virgin galactic and draftkings. The public investors aren't getting particularly good returns already from these things least a relative to other assets. And it's gonna go bad. And those are the spock's these backs merged with startups allowing the race cash come public with an appeal but the best merchandise has already been snapped up. There are only so many great electric vehicle. Place back. Cycle is just like an ipo cycle. That i always tell you the best ones. Can i get involved in every time they get worse and worse and worse and i gotta tell you. There's no break site like i told you last week. The whole spat complex. Feels like one big bed inside. We're celebrities who've never really run a business in their lives are pulling them big box hunting for some takeover targets that will keep the froth of meters pin. Terry heard about us back for flying cars. Hey guys pigs can fly to second side and froth camps are here we go again. Didn't we watch this over. Hyped industry blow points already sure could potentially be legalized. Maybe the financial regulations will get less. Pundit he'd be more credit less cash but none of that's a sure thing and these stocks have become ridiculously valued overnight. I have been right. I still believe in canopy crook though only because it has a terrific parent in constellation brands. And it can make great taste. No filling canvas drinks at scale like none of the other companies. Most of these plays her destiny. Nobody's but it doesn't matter now because they're all connected by the same and they're all heavily shorted and it's just one after another flying crazy and that's part of what is the next court that i don't like the schwartzkopf stocks the ones that get pushed out because we've got a whole new exciting generation. A bureau orders out there looking for any stock with a high short interest even part of an arbitrage sped me need signing going to work the pot stocks qualify for this treatment to if they can turn into a mean then they think they can take it to the mood. Yes it's novel. It's interesting except i've seen it a lot and it's not know it goes bad what's causing froth. I could blame the fed. Everyone wants to do that right free money. We're expecting from the stimulus. The blame or the excitement about reopening once everyone's vaccinated is a big deal since i did get vaccinated today and thank the great people. Staten island for allowing me to get back in the truth. Is it doesn't matter why it's happening. I just want you acknowledge that some parts of this market are truly insane absurd levels. Because i wouldn't be doing my job if i didn't point this stuff out and i didn't want to do. This is really great day. And i want to stay in here and tell you what. I'm getting nervous. So what are you going to do about it. I understand we're we've had nearly eleven months. Incredible gates nobody wants to leave the tables when they're this hot. Nobody wants to hear some cadre linked me tell you the prophets don't county arena regimen. I don't wanna hear it or that. These kinds of returns are an anomaly. You don't want to hear that the kind of thing that sucks you in and never let you go because it's so intoxicating you don't want to leave because it's the money tree and you want to climate. You don't want you pulling down you. Don't me get you for the money tree already. Practically hear some of these saying he wants me to leave. He's got the money himself that guy and he wants to cash. What's his angle. Listen there's no this game for forty years. I've seen this before whenever we give them. These red hot periods impossible resist and they always last longer than any of the grizzled veterans thought possible. I think it's going to keep keep going on but eventually it doesn't and you gotta be ready. You know why so. Many people lost money in the dot com collapse twenty years ago and never came back because there was new merchandise every day that was sizzling. An exciting went up almost two math. Because there were companies with no earnings or sales. Just eyeballs i used to the the logical wonders because a huge part of that market had divorced itself in the fundamentals or the renault fundamentals to begin at the height of the dot com period. We're talking here between one thousand nine hundred and two thousand. three hundred. Thirty companies came public and only half of them. Manage survive are no. I started survivor. Company agree that period. I was done something like ninety seven percent of my colleagues who did companies then fail for stuff. That was loved just a few months before. So you gotta be careful when it gets this for but and this is crucial. I am not saying get out now. I not saying everything. I am simply begging to exercise some discipline and sell something because nobody ever got her taking a profit. I don't want you to sell everything because first of all it's an excellent setup as they like to say sure. The unemployment rate is way too high and cove. It's still out of control either. The numbers are coming again. We're doing much better with a vaccine roll out. However those negatives are the reasons why the federal reserve won't raise interest rates that means both the fed and the tape. The action are on the side of the books. It's not even we're fighting it. I'm just trying to say that you're not a genius if you've made fifty percent a month or week or even a day you're sippy participating in one nutty sustainable moment of a part of the stock market. It's not you. it's the beast. It's making the money which is why you gotta take something off the table. Second just like in two thousand and is a whole other markets not reasonably. Let's say this mortgage action really very. Let's do that. I'm not. I was going to say cheap. But it's good. When i was getting my second shot today in attendance that phnom fabulous operations later spotted. There's birthday to step brocail. The spontaneous rowzee happy birthday song. The tears of happiness for this close. There was this about the flow. It's guy. Hey kramer never missed mark homework and sells twelve times earnings growth three percent as it. But you want me to stick with the. Jj i said no jj meyers eight times earnings. Three point three yield. He's asked about walmart and walmart got his app. Out as you gotta get some walmart you know what. That's okay that's still conversation. It's reassuring when people ask me about steady eighty drug companies and not fluff. It had hasn't gotten to insane. And that's that's a good conversation. But when they capped me say hey kramer have the flying car. Stocks held space tourism. We're getting out. The reason is still in charge. Wait now but sooner or later that could change to bottom line. Yes you have to make hay when the sun shines. I want you to do that. Just remember stocks only are pieces of paper and wall street will keep printing out those pieces of paper to the buyers around firepower. At which point the buyers will be steamrolled. We are not there yet. We are not but if there's one takeaway from the froth ater we are most certainly headed in that direction. I need to go robin pennsylvania. Rob oh yeah jimbo coming at you from pennsylvania the talk about today it's dr. Utd pennsylvania brand brand potato chips and all that good stuff. That's just one of the few specks that became a real company they went in the scrubs regional brand like like i've been recommending since they came on the show with thirteen now a double and i am not leaving. Because that's how good warn that a coral michigan carl buoy out recently bought a position at dot com stocks closed today about two and a half points up wants to know your overall sentiment on the company. And what do you think about the recent acquisition of marketing and data services company twelve. Well you know. I thought that mac. Burt magma thirty did a great job on the show. I think he has a terrific story. I like porch very much. S why i'm border back remember. We had the move for. I think they're doing the right thing and economy so some people moving zillow great number today. That product is a useful product. We're a state tough on these guys. Because a lot of these types moved up live. But i am determined to keep you in view of where we are in the fourth meter and the danger zone because we are on a highway to danger. Not yet not yet. You can keep playing taking someone who just for me take do it for me. And the great people started on. Who got me my second moderna tonight. Portland investment mattel. I'm sitting down with the courage planet with. That's all about then the latest social media sensation. Silver i'll tell you why the murray men are it and miss the mark o crush me when it comes to the person mental and we'll be back backseat including myself. This is increasingly outlining the return to work plans. Or they're put the home of army have a lasting impact on the data center. Overstock kind of stalled juniper. You might like it. Stay with crepe. Don't miss a second of mad money. Follow at jim cramer on twitter. I have a question. Tweet gramer hashtag mad tweets send jim email to mad money. Cnbc dot com or give us a call at one. Eight hundred seven. Four three cnbc. Something ed to mad money duck. Cnbc dot com last night. We got a terrific from the tell. That's the iconic toymaker. What happens the soccer name. No kidding it actually said because day reminding. Managers found hard to get excited too worried about the ready crew. Gresley bidding up the canvas stocks. But make no mistake. Mattel's doing great. Ceo on crisis orchestrated effort. -nificant turnaround here. And let's have got yet another confidence-inspiring aspiring quarter. The country poorer top and bottom line with bush guide for twenty twenty one in response suck actually spiked. Three percent in early trading. Getting dragged down by the on weeds. What i'm calling the rest of the market. So could this really have room to run. Let's take a closer look with you on crises. The turnaround orders chairman. Ceo patel real. These results michigan. Welcome back demand money. Jim it's great to be here in on your manager word when things weren't doing waste things weren't doing well when things that down very low you said things are starting to get better. This was the finest fourth quarter in fifteen years despite a worldwide pandemic. Talmadge do it. Yes jim this was an exceptional quarter for mattel without best performance in years with strong consumer demand and another milestone near for the company for the second quarter in a row which have double digit sales growth without grace. The industry in gain share on a global basis but are results excited expectation on many levels with the highest fourth quarter growth in fifteen years as you said with a significant increase in profitability with a full year operating income. That was two and a half times higher than than last year. But this is not just about the quarter or the year. It's about a multi year strategy that is tracking very well which puts us on in a strong position to continue to increase profitability and etc growth. In two thousand twenty one and beyond what i liked about it but these were all fantastic numbers but you told me one day jim this company which has terrible cash flow can make fortunes on everything that it does put out so when barbie has a plus eighteen percent quarter number one toy property globally in twenty twenty doll- but boy you're making a lot more money off each barbie even though they're more interesting fascinating diverse inclusive than any of the line. At that i've ever seen as we made significant progress improving. Our ability. Gross margin has increased for the tenth consecutive quarter. And this is only getting better and stronger in terms of cash flow if you look at the journey that we've achieved last three years. Gross margin improved over. Eleven hundred points are cash flow improved by almost five hundred million dollars and our operating income is up more than six hundred and fifty million dollars so very strong performance on the bottom line. And we're making good progress on the top line as well. This was the second quarter in the row where we improve our top line by double digit. You're making it look easy. There was a time. When i first met who. I looked at your balance sheet and i question you're you're not your visibility your viability. The viability certainly taken off the table. Visibilities take off the table. At this point. I now have to wonder. You've got this great balance sheet now. I mean really is you've delivered. You have the number one of the industry you ever. American girl turnaround. Is it time to do something. Even were used something. The entertainment industry that you used to be king of come on free cash flow has steadily improved over the last three years we went from a negative three hundred and twenty five million dollars in two thousand seventeen to a positive one hundred and sixty seven million dollars this year going forward will will be focused on converting an increasing percentage of our ebitda into free cash flow and as we've previously stated we intend to utilize cash to reduce our debt and improve on balance sheet even further given the expectation for higher and more asian of cash. We expect to Continue to reduce our leverage ratio. And make our way towards an investment grade rating. I want the eleven films in development. I went to seventeen shows and tv production. I want grandkids first of all then grandkids to watch your stuff. Yeah this is very exciting. We recently made exciting announcements with mattel. Film and television won't showing an live action film. Not the picture. There's an owner game. Show a whack-a-mole game show thomas in france or engine go new series would on show netflix's and the cartoon network this year today. We made announcement for eleven films under the mateo films. Banner there are seventeen. Television shows in production and twenty five shows in development. This is part of our mid to long-term strategy this projects take time given the scale and their invasion but we're well underway in putting them in place and insects. Says this can be transformative one. That's i want you to tell people how important you told me you would do this. That you had barbie looked like the world not the way the world you and i grew up in but the world barbie has done phenomenally well on many levels but more than anything. It's about brand purpose. Designed lead innovation. Active democracy in cultural relevance barbie as being immortal year journey. It's about diversity. Inclusivity and purposeful play involving body shapes and all the things that we care so much about. What's important to say. Is that the when you you're over. The success oh barbie lot to be proud of but this is really about the material playbook because the same approach the seventh pathology the capabilities in many cases. The same people that working on barbie all of these capabilities are being applied across our entire product offering and whether a very confident about the overall proposition of battelle and the entire portfolio. Well you have done remarkable job. You've exceeded everything you said you would do. I doubt because. I put that balance. He was too difficult in the project. Too hard i was wrong. You've been right and you stay right on cries chairman. Ceo hotel values. Jobs are fabulous. Thank you so hard jess thank you. This is all winter and moneys back into the coming up. This week's charges. Mike have a silver bullet won't make your portfolio in happiness. Kramer goes up the charts next. Look i know you've heard a lot about these. Meam stocks game stops. Amc's a bunch of rhetoric posters temporarily sent into the stratosphere engineering could a brilliant short-squeeze a couple of weeks ago. But what about. And i know you got a lot of texan emails about this. The mean commodities initial success. Some of these younger traders tried to do the same to to silver something. We usually think of as an asset for old people who want to hide their money under their beds. You expect plenty of social media. Be pushing doors. Koi that crypto currencies specifically created as a based on a funny dog meat home. Musk love the youngest investors. Join him with the oldest ones to bid up the price of silver. Yes the other precious metal and hopes of engineering game. Stop style squeeze but it didn't work so we're spike from twenty five dollars an ounce around thirty dollars at its peak. We can half ago and then it quickly pulled back now. It's only twenty seven. So why couldn't they pull it off with silver if they did it with game stock. And what the heck do you do with this precious metal now. We want to get a handle the silver situation so we got to be a little unemotionally off the charts with carley garner. She's at brilliant technician. Who's the co founder of decarla trading. She's the author of one of the easiest books i've ever read on commodities higher probability commodity trading and of course she's arrested in commodities expert. So first off. Why couldn't the murray men of red engineer or short squeeze in sofer because that playbook works under certain specific circumstances we saw cannabis today game stop. Amc those were forgotten stocks in no believed they had set of numbers. Tons of these shares have been shorted and game. Stop an amc. Silver is nothing at all. Like that it's a global asset. When prices go up the miners just increase production. More importantly assure squeeze enlist the asset in question is heavily short it when there aren't many shortsellers most squeezed referencing the silver futures but the cftc's commitments of traders data on the bottom. That's called the cot report okay. Garner loves this has been a lot of money because it tells you exactly how major categories of market participants are positioned. You've got the commercial hedger's company's business actually dealing silver jewelers so they buy or sell futures to protect themselves. Then you've got the small speculators in those are in blue okay not really consequential but thome gamers including the people. That's what it's okay to be a home game your own you and then there's what really matters to the price the green line and this green line. This is what we're going to be talking about. That's large speculators. They are the ones who are control of the market. They're big money. Managers have positions in silver as a profession garner cities. Money managers were net long over futures kickoff net. Long they had seen can say they owned it. Same goes for small speculators again. You're not going to see a short squeeze in an acid. That is so well white. There's you're not betting against anybody. But short squeeze thesis fell apart. Corner does the spike in silver wreak havoc when traders. Who are quoting the wrong place at the wrong time. If you sold fringes call options on over the weekend prior you were putting a very tough situation remember cough. She gives you the right to buy something in a given price when you sell that option. You're the one who has to sell it at that price. That's why it's incredibly risky to sell call options when you don't own the underlying security. Please urge you not to do that. If the price takes off you could be forced to buy it at much higher levels. The losses can be astonishing when silver spike. Thirty dollars some of these options sellers decide to hedge by buying some silver underneath so when the price later came down then they got burned there. Some people made a lot of money if they had the right options and got any. Get out exactly at the right time. But that's not. What made money's about that's about. That's too risky. We're not gonna do that stuff. So what sex. Silver check out the daily tour garner points south at the precious metal briefly broke out above. It's forty five degree training range. That's right here during a big rally over the summer it had. This was a huge breakout for silver. And then listen to me by the way she told you sober was one less light leg. Remember that at the higher end july there was but then she said you had to sell. That was another great call. She made zach the right. When silver became a mean. Trey though the price be visited the summer peak. Gotcha right and garner. Wouldn't be surprised if that doesn't happen again. Some point the trading range points here higher okay and the relative strength index and import momentum indicator it's still pointing higher without being oversold territory so the is still in good position if we don't want it to get too crazy but right out still okay and she thinks that all these together add up to being able to make it so that we will see thirty one in the not too distant future. So there's your price target thirty one for silver. However corner doubts the bulls while have the firepower to break out above thirty one. Now if she does. She does expect one less spike to the mid thirties. More likely though she thinks you get a double top formation pre thirty and thirty two and then followed by a retreat to twenty two. So here's what we're gonna do. Let's zoom out to the monthly chart. This gives you a little bit more perspective in the covert collapse. Last march sober went all the way down to twelve. And that's where it started. Its rally and climbed all the way to thirty in august of remarkable run before cooling off and dip into the low and mid twenties last month similar to the daily chart. The monthly relative strength index is still pointing higher again. garner believes that are retested. The thirty highs could be in the cards. You mean you think she thinks you're going to get thirty as she sees it. Sobers third trip to thirty in less than a year could see. Could amount of a breakout by talking to a lot which is to us. Thirty one dollars price target that we had another page if the cillian resistance at thirty one holes garner expect silver retreat sharply shortly. If we get a the monthly. Just go to thirty five or thirty six before running out of steam but unless something crazy happens it's very hard for her to imagine silver but thirty six during the debt crisis ceiling problems. Us treasuries got downgraded was debating whether the bills for no particular reason a lot of them. That's just flock to hard assets so sore futures despite the fifty bucks this was that whole debt ceiling s and p downgrade problem. But she hasn't think we're going to see that again on the flipside garner notes this over snot just a store value of component for joy so us in technology especially by the way to electric cars. Thanks to that demand. She says price might never revisited. It's old lows around ten but twenty could be in the courts maybe sooner than expected if the precious metal can't maintain its momentum. One this point the dollars been hammered over the last year but corner she's rebounding given that the. Us treasury yields being very attractive versus foreign government bonds. That's a contrarian position but she's right. A strong greenback again is bad for silver. The bottom line. Let's teach you a lesson. The merryman ken engineer short-squeeze. When aren't enough shorts. They can play havoc with the options market. Still the charges interpreted carley garner suggests that several have a little more drawing unless we get a sharp upturn in the dollar and then you know what you can forget about it. Move on to the next me. Let's go to robert texas robert. Hi what do you think about lithium. America's corporation l. a. The she should a second person to ask me in the last twenty four hours about that company and i came back and i said look it is still one way. People wanna play yuan mosque and ev side. That chemical from sheila same thing. It is a commodity. And i don't trust these commodities right now because neither you robert nor i can have an edge in with the americans so i am saying in this particular case. I don't want you to do nothing. The charges a sober may have more room to run. You can see that this is really good work by on unless it may be changed the dollar. But don't don't overstay your welcome your police now. Much more money head. Is juniper networks configured to route two route the prophet stretching to your portfolio or could the market environments circuit the stock. That's been stuck in the twenties fraser's on this. And what are you doing you. Confront to national merged. A critical shortage of manufacturing high unemployment. Time you listen to me. Because i got the play detachment what uber but i know both about all your calls. Rapid fire textures lightning round. So stay with. Kramer is the global chip shortage putting the brakes on five. Jeez rollo one company weighs in on how the world moves forward from ear into the future technology. Just ahead how can never get. It's old back then. Veterans stuck in the twenties for a long time now. Jennifer spent years struggled one thing after another slowdown in his service provider. Business atmos cisco to we just in china thanks to the trade war media have had that then general uncertainty in supply chain disruptions caused by the pandemic center but lately juniper's returning things around. They stabilized service provider business. They've got new growth opportunities. Thanks to the five g build out and the need for more hardware support cloud plus the companies made a series of software as a service. Acquisition says very lucrative which get into a competitive edge. Now generally reported late last month. They gave you a modest top and bottom line with saul guide for the car and quarter. Magic believes they can start growing again this year. Something we should hear about more at the very beginning on speeding on friday. I gotta tell you i liked. Universe scored the success. For just fifteen times varies with at uc three point one five percent dividend meaning. It shouldn't take once you get rolling but it hasn't been so. Let's check in with romney where he is the ceo of juniper networks had a better sense of the story before he talks the professional product. Nice previous back. Dmed money back. Jim specially on your birthday. So thank you. Thank you so much. So i think can lay out a story that i think is going to get a lot of people's attention because you're going more towards software business which is recurring. We love that because of five g and family because you've got products that are proving to be incredibly important in an off man reality also artificial artificial intelligence way that i think our audience doesn't know about so maybe you can share some of the preview of what you're going to be talking on friday absolutely. Well i to that. We wrapped up a really solid twenty twenty. Our enterprise business was a record year rescue for grew seven percent year year despite the challenges that the pandemic for us our cloud provoked by their business group avoid year. Even sarah spider orders. Were up all year. So in fact i think we're firing on all cylinders right now. We've created a really solid base bar cells with our worldwide spider And now we build two additional growth factors for the company data center and the driven by both of which are software lead. I think our differentiation. The technology we have here as honestly second tonight. I'm very excited about this year. And the years to come. I think as a preview more you're going to get at the analyst event that's happening. Friday is stable growth as a result of this experience or strategy that we're executing on jimmy. lets us. He's able our viewers very filled with service. Now who series of ceo's when we have loved and enjoyed and had on the show you've had some incredible incredible performance with service. Now that might explain to people why your products can be essential so service now. Been tactic customer and great partner of ours. If you think about the real value that and bring to the end user service now is a wonderful example. What we're doing with our ai. Driven enterprise solution is essentially having the network run itself leveraging to make the experience of the network operator and the end user are better with certain is now able to crush the number of network trouble tickets that they see on a day-to-day basis by ninety percent. That up that the time of it professionals that are working experts now and of course the delights the end users they're using the network or ryan different use cases not locations or okay so all these are good in their exciting and. I really do love anything that you do. This software there's better margins but what other mosaic of the business. I know some of the business is not living up to what you would like it to. There's a lot of obviously big issues in the world going on. What would make it so that you had a kind of a sustained movement in many divisions that would make it. So that. When i read say a morgan stanley note which says valuation not taxing but few vehicles to meaningful earnings growth acceleration. I suspect you disagree with that analysis. And i do. So we have to stabilize our worldwide routing footprint business. This is our automated went with brin and honestly we've done that. Just take a look at the laugh recorders where we've been act growing market share. And we've stabilized that business now onto matter of the growth factors company and we have those in the network and cloud ready data center and again here. I think we've got the go to market team but ready we have best-in-class. Technology is recognized by around the world as well as industry analyst as an example of another customer. Zoom zoom is leveraging birth clarity data center structure technology to essentially provide the services. That are absolutely essential today so i think firing on all cylinders of that jim and i think we can achieve sustainable revenue grow starting twenty twenty one and beyond now. How about the environment i. I'm sure where we we interviewed. Chuck robbins this morning and it still because it's an uncertain enterprise environment. I know you're doing good. You're moving gresley enterprise but the enterprise self seems a tad shaky still because of covid. Yes i think. We're executing remarkably well in the enterprise base. I actually believe our enterprise. Business would be performing even better if it weren't for kobe but team that are fantastic job of pivoting quickly to sub segments of the enterprise where most resilient to covert related headwinds and the innovations that we're bringing to market around automation of private cloud and hybrid cloud around the area driven. Enterprise with our missed and inclined to on solution are actually in and out themselves. Cove improved their pandemic proof. And i believe once we start to emerge from the covid pandemic and the economic issues as a result of that those sub segments of the market are going to be growing the fastest. We will capitalize on. Not all right. Well that's what we're looking for. That's a great preview. Your stock is not expensive. I've always hoping that it gets to break out. I think you've got some terrific products. And i really appreciate you sharing with us on mad money. That's ronnie networks always paid to see you sir thank you for the birthday wishes monies back into the fray terming up is kramer and takes your calls rapid fire the lightning round his next looking for a doctor. Kramer here long time listener first-time caller mister. Kramer edit an honor about ten years. Longtime i love your show and it's time to threatening another book. Jimmy wanted to give a big shout to my dad. Who turned me onto you long ago. My dad turned me onto your show. All you do. Thank you so much for everything you do. Investor needs to break the wall street code. And i'm go to all these reckless and then the lightning round is over ready with your jj j. electronic banking your point. I mean i've always felt like why didn't someone buyers. It's not that big. It'd be better for everybody company's portfolio but it's okay it's in the right place thing. Fintech i call it bob missouri. Bob kramer. Thanks for taking my call. All my pleasure i bought i bought stock in november. And it's run up pretty well and i wanna know standard route. Rings register grow generation bo generations. Book that with the up with this year's problem though when gregarious and came on the fourteenth management really liked him. Some shortsellers against him. The next day that you got to buy this stock this may be stopped. Kinder's maybe these are fourteen. Fifteen wilson. sixty three no. I'm not gonna recommend sixty three of recommended fourteen fifty. Anybody bought my my suggestion. I want your basis taken out tomorrow tomorrow morning. Let's go to klay in montana. Klay young man thank you sir alastair buying fodder action the habit seventy dollars price target meg night and the n. I. buyer older. I loved the rubicon is always loved them. They put that thing together with that new property at from denver. The he's such a good idea. Spot x this is going to be absolutely terrific combination. And he knows stock was down bailey. Today i'm going to tell you. I thought bill and kansas bill will got a little a little story for you and you're a hundred percent responsible for it if you want to hear it. I surprised by going thought. Don't know where are you now. Bench apologized for dinner when i sat atop gone three years ago on vacation. Listening to your show. You talked about all next morning. I pick up a few contracts four days later on and by my portfolio. It's up a couple Looking at the news upgraded its news. Make a long story short in fifteen minutes. It was up nine dollars. And i got out of the contracts and it's one hundred percent due to you so you're hurting. It's been three years. But i still wanted to save very in qualcomm's of gergen company shimon just retired like you very much. He says good they are. They are hostage to this bomb with witton. They can't get the chips and because of that they're going to be in the penalty box for full quarter. They will come out of it but you go with skyward solutions not then to scott works bill sir own foundries and never let themselves be hostage. That's why i like. Clean fran intense fran hyperion. Thank you thank you. What he'll i thought. Okay all right so get this literally on years ago this week. I was meeting with a group of truckers. And we're talking about why he didn't go to westport and switzer engines from a really dirty fuel today national gas. They all said there's not enough design of juice in the west. Virginians chemist deal. never work. Nine years later finally happened. We finally reached a tipping point where people are sick and tired of really dirty oil. That said i think it's short term. And i would not get too greedy because it just comes driving it and a couple of very big companies. Want those trucks. The socks big run i'm not recommending buying it at this level. Let's go to ten in missouri. Ten who jimmy birthday man. Oh thank you thank you first time. Caller with many people continually dumping their satellite subscriptions for these news drinking platforms. Right weren't here sauce on the entertainment company with q four earnings coming out in early march companies. Called fubo can do about. I signed up for it. Got media says. I wanna watch one particular game. I don't think anybody a lot of people like that. I do not think i. There are so many better than that. But i know it's part of it is part of the yolo ride so a knock against it if you actually own it and that is not art. Yeah can you imagine like the best i've ever had. I got the moderna new wife. And i have the greatest team in the world. Thank you very much in sticker. Price like big round is sponsored by. Do you remember drake coming up. What's the one thing. Washington can do to put made in america back in the fast lane. Kramer pushes his chips all in next. Jimmy mr cramer. Thank you for taking my call and everything you do for a long time listener. First-time caller after reading every book. You've written five pops over. I've been able to leave bishop. Career age thirty seven to made a fulltime acceptable. Managing my for polio. Yourself about ten years. Thank you for everything you do. Thank you so much for everything you do first home game. Just thank you. For sharing your market knowledge. You have unquestionably impacted. My approach as the Investors as the pandemic gradually draws to a close. We've still got to national emergencies that we had to talk about a man money. A horrendously high unemployment rate and the semiconductor shorts is causing major problems for us manufacturing and competitiveness. We need more chips and we need more jobs so why. Kill two birds with one stone. It's time for our government to invest in building the biggest and best complex of semiconductor foundries. That's the factories in the world. And we can do this now. This kind of initiative went out of style decades ago but we know it works because the government just did it with operation warp speed the co vaccine program that got us to trick vaccines in less than a year. Were on a roll. Let's keep it. I don't need to explain. Employments national emergency but what south with the massive government back semiconductor foundry pro. Okay we just heard from general motors. They have all these new indian vehicles but they simply can't make them because they're sending books shortage and modern cars require a lot of tech ford said the same thing could cost them one to two billion this year bleed. You're gonna start hearing about this shortage. Constantly dan we the us really havoc with all sorts of industries and making us less competitive and perhaps even hostage country hostage to a bigger chip customer. The pr see. We got to get ahead of this. Now some of this shortages natural thanks to cova. We've got millions of new homes. That require a lot. Har- we're eating these chips like doritos at halftime. But some of you thanks to globalization are sitting been able to outsource their manufacturing most couple of huge asian operators taiwan's semi which is now the biggest samsung. These are both incredible mazing. Well run companies but they also get so production capacity that they have they hit the entire world including demand from china that hits american companies extra hard because new of our businesses run on just in time ordering. They don't want to sit in a lot of extra components it just by the chips when they need them. That's a quick way to make money save money until it's a shortage. Now that's where we find ourselves. Our companies can't get enough chips because there's not enough. Production were wide and that lack of chips is hurting all sorts of manufacturing including the formation. Gm and ford now. There are two ways to approaches. We can throw up our hands and baked samsung taiwan semi to build more plants. That's been our strategy or anywhere for that matter or we can roll up our sleeves. Like operation warp speed. Remember today when everyone get tested raw. Got javert here can roll up our sleeves and get this job done ourselves. If we're supposed to be the most powerful country in we'd be able to manufacture semiconductors for heaven's sake it's our industry so let me tell you what needs to happen. You might not know it. But america's best tech industry the most intellectual property that is anywhere in tech is in the semiconductor capital equipment space. That's lam research. Kelly tinker applied materials. They had machines that we need to make chips meaning while building gigantic simtek foundries can put more people to work and just about any other research project much more than a much than highway than a bridge. Why stop at roads and bridges and we re establish yourself as a whole new kingpin in manufacturing industry that used to dominate. And hey biden's pick for commerce secretary gina raimondo. She was a venture. Capitals governor of rhode island. I got into politics. She'd be the perfect champion for this project. We can take advantage of low interest rates to issue fifty year semiconductor savings bonds to raise the money for this project partner up with the private sector then. These businesses can pay back. uncle sam. Production gets rolling or chips. Defense ships all sorts of internet of things. Chips should be able to make this stuff domestically in the best in the world. Honestly it's insane. We outsource our semiconductor manufacturing to taiwan south korea. When they're within spitting distance of our biggest wattle china. I love taiwan. I love south korea but we ever get into a shooting war with the chinese. For heaven's sake they'll be right in the middle of it. Hopefully it never comes to that but why would even taking that chance. How much would this cost. We know semi spending up to twenty billion to boost its output. And they're very good at what they do. Let's say let's let's borrow one hundred billion dollars in savings bonds to make the us more semiconductor independent over the next few years but we have to start immediately to alleviate the shortage people intensive national imperative blueprint ready customer for the suppliers. Ready to help so soon. To be secretary raimondo. You've been on the show. Let's get the loan just chip ongoing going and put an end to this chip. Shorter's saving tens of thousands of jobs giving me economy a huge boost. This is what we used to call industrial policy. It worked for vaccines. And i know from work for chips to say there's always a bull market summer. Probably just for you right here on mad money. I'm jim cramer. Seen them all the news. Lewis shepard smith starts how.