What's the most important thing in diligence? What is the like bullet that, like, people can't fake? Probably off shee customer references. The easiest offsheet references to do are when your own portfolio companies are using some other like piece f software and they tell you about it. So that'swhat you're looking for. If somebody tells you, here the eferenea. You can do the same thing on founders too. I mean, this whole construction of the industry is set up around founders. And at the end of the day, it's up to the founder to run the company,. Unless they do something criminal, otherwise they're gon bale to do whatever they
0:00 Jason's big night out, bestie intros, All-In Summit update and more
8:01 Layoffs and shutdowns: Fast, Better.com, GoPuff; Chamath gives a macro- and micro- overview for startups
14:09 Preventing layoffs, culpability in Fast's shutdown, VC diligence strategy, VC/founder model
41:51 Elon buys a 9% stake in Twitter and joins the board: what does this mean for Twitter, free speech online, evolution of deplatforming
1:03:24 Food shortage update, ideal US objectives going forward
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https://twitter.com/friedberg
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Intro Music Credit:
https://rb.gy/tppkzl
https://twitter.com/yung_spielburg
Intro Video Credit:
https://twitter.com/TheZachEffect
Referenced in the show:
https://www.theinformation.com/articles/live-fast-die-young-behind-the-fall-of-a-one-click-wonder
https://techcrunch.com/2022/04/08/better-com-cto-steps-down-agrees-to-voluntary-separation-in-wake-of-mass-layoffs
https://techcrunch.com/2022/04/06/better-com-offering-employees-60-days-severance-losing-tens-of-millions-per-month-per-sources
https://www.theinformation.com/articles/gopuff-plans-hundreds-of-layoffs-to-cut-40-million-in-costs
https://articles.sequoiacap.com/rip-good-times
https://sacks.substack.com/p/the-saas-board-meeting
https://medium.com/craft-ventures/blitzfail-how-not-to-go-off-the-rails-24ccaf92c410
https://www.bloomberg.com/news/articles/2022-04-04/musk-takes-9-2-stake-in-twitter-after-questioning-platform
https://twitter.com/paraga/status/1511320953598357505
https://twitter.com/jack/status/1511329369473564677
https://twitter.com/elonmusk/status/1507259709224632344
https://twitter.com/micsolana/status/1511360061670662149
https://twitter.com/micsolana/status/1511674851202945024
https://www.cnn.com/2022/04/06/tech/pinterest-climate-change-misinformation-policy/index.html
https://gro-intelligence.com/insights/gro-predicts-us-corn-stocks-will-drop-sharply-in-2022-23
https://www.theamericanconservative.com/articles/the-state-department-failed-to-prevent-the-war-will-it-now-prevent-the-peace