Lah wani enriched himself by selling two point five million of his headspin shares in a fun racing round during which he made misrepresentations to existing head spins investor. An audit conducted in mid 20 20 found that hetsben's total cumulative revenue from inception was only 26 million, instead of the 95 million they reported to investors. And this is why you always get directors insurance, because now this is going to result in lawsuits. Because you have criminal activity, it makes the lawsuits that much easier.
In the news segment, Jason covers unicorn SaaS Startup called HeadSpin has been accused of a massive fraud by the SEC and DOJ (2:06), and Pacaso real estate startup offering fractional ownership of vacation homes is causing outrage in wine country (17:35). Then, Jason interviews Not Boring's Packy McCormick (34:41), about his time at WeWork competitor Breather (36:14), turning his newsletter into a venture fund (59:12), and Packy's vision for crypto - it's one of the best explanations we've heard (1:03:17).