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E43: Innovative venture strategies, Zymergen's implosion, Square acquires Afterpay, future of fintech & more
All-In with Chamath, Jason, Sacks & Friedberg
Is Zimergen Going Public at 30 Dollars?
Between 20 and 30 % of deals that look great do not pass diligence. I had one foundr give themselves a loan, and then we didn't know about it. Had another where they were presented theyre a revenue as reccurring,. And i'm like, what is going on here? You're basically lying, and you're misrepresenting your company. It's called securities fraud. When you make a representation, don't ever bend it or exaggerate. Just tell the truth, period. What's the tarino story? Chamot, i need the tharino story, and then i'll give you a follow up story. Thea therno story.
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