At an 80 n dollar market cap, they're getting a million one in credit for their 71 thousand deposits. These are fully refundable deposits, and cost a thousand dollars. People don't part with a thousand dollars a you'd offer something that's going to come in years. If the rivian investment was made as part of the climate pledge, then that, to me, makes it a tiny bit more suspect or it more back of the envelope. There's no way a physical product in the real world should be valued at a hundred and 18 times. That's still a way too high.
Jason is joined by This Week in Startups' new co-host Molly Wood for a news show. First they cover why Molly joined the TWiST team (1:24), then they dig into the Web3 wars erupting on Twitter (24:00) and break down Rivian's Q3 earnings (51:45).
Producer's note: this is our only podcast this week