CNN's John Sutter talks about how venture investors can be anchored by the last round. He says sometimes people get into a trap of anchoring off the last price or what the market looked like last year as opposed to maybe five or 10 years ago. Startups seem to think if their valuation fluctuates, it's absolutely devastating, he says. But at the end of the day, it's the market that sets the price, not the last round," writes Sutter.
Molly is joined by Rachel as they discuss the news that some companies are selling data about their mental health patients. (1:33) Then they discuss how Bing’s AI chatbot was presenting false information during its reveal last week. (11:57) To wrap, Tom Loverro joins Jason to talk about his viral tweet thread about a “mass extinction event coming for early & mid-stage companies”. (24:36)
(0:00) Molly and Rachel kick off the show
(1:33) America’s mental health data is being sold
(10:28) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(11:57) Bing dodges $100B bullet
(20:23) House of Macadamias - Get 20% off at https://houseofmacadamias.com/twist by using code TWIST20
(21:51) Molly and Rachel’s AI predictions
(24:36) IVP’s Tom Loverro joins Jason
(39:32) Fitbod - Get 25% off at https://fitbod.me/twist
(40:42) Tom’s prescriptions for founders
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