Two guys in bespoke suits, Sports Center–style graphics, and 130,000 people watching live. TBPN started as just two Silicon Valley founders printing out social media posts and reading them out loud. A year later they were broadcasting from the New York Stock Exchange and then were acquired by OpenAI.

On this episode of FC Explains, we take a look at the show’s secret sauce. John Coogan and Jordi Hayes aren’t journalists; they’re insiders, and that’s exactly what makes the show work. It’s fast, it’s unfiltered, and it moves at the speed of Silicon Valley itself. Now the question is whether being owned by one of the companies they cover changes that.