5min chapter

Acquired cover image

The Uber IPO

Acquired

CHAPTER

Is This the Right Mindset for Early Stage Venture Capital?

The MPAA sued scour for $250 billion. The RIAA was sending a message to Michael Ovets of, Hey man, you built your career on the interests of artists and like you just funded a piracy company. And so Ovets, as you would imagine, gets the message and he all of a sudden wants nothing to do with scour. So after this lawsuit, again, these are kids who just dropped out of UCLA. They capitulate they signed the deal. I don't know what terms it actually ended up getting done at, but it is done and Obyts and Virkel invest. But Travis and his co-founders are actually building the

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