How to Deal With Downstream Investors

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The fact that somebody would like put in such a large amount of money and not do basic issue, that's the issue is really the issue here. Because there's nothing really there. I mean, there are things on our diligence. We, I'll give you a launch does diligence, even for seed stage. And we'll even do it like in our accelerator. What we tell our founders is, Hey, we're going to do a diligence process because we want you to understand the diligence process with downstream investors.

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Today’s show:

Jason is joined by Vinny Lingham to break down IRL shutting down after faking 95% of users (1:12), ZIRP fraud (12:59), Databricks acquiring MosaicML for $1.3B, and some AI demos! (1:02:31)

Check out Waitroom: https://waitroom.com/

Follow Vinny: https://twitter.com/vinnylingham

Time stamps:

(0:00) Vinny joins Jason

(1:12) IRL's 19M fake users

(5:45) Twitter bots and the fake account problem

(11:50) Notion - Try it for free today at https://notion.com/twist

(12:59) Diligence in early-stage startups

(20:59) Databricks acquires MosaicML for $1.3B

(27:02) LinkedIn Jobs - Post your first job for free at ⁠https://linkedin.com/twist

(33:09) Testing Google’s new generative search

(37:47) Fin - Try Fin, Intercom's new AI customer support chatbot, at ⁠https://intercom.com/fin⁠