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E13: SPACsgiving Special! More promising vaccine news, innovation vs. regulation, reforming higher ed, morality of challenge trials & more
All-In with Chamath, Jason, Sacks & Friedberg
I'm Giving You Equity
Conner's argument was, the people who are in that ecosystem are all friends. They've commoditized the artist, and they collode to do this kind of people's eyed limiting deals. And i think what makes silican valley so special is that we collude the other direction. I'm giving you equity. I hope your penny stock becomes worth 15 hundred dollars. But i don't know. Look, if if i'm an angel investor, some smo tricks me into investing in his shitty company, and i just lose 20 thousand dollars. My only point is that there are morally reprehensible things that are happening today using contracts.
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