When venture investors make an investment, they have a what's called a one times liquidation preference. That means if the company sells for an amount where it's not, you know, a huge number, they're not converting into their ownership percentage. And so it's sort of a safety mechanism. It almost makes the venture investment debt like in downside scenarios. So many VCs are hesitant to use a lot of structure and are hesitant to do down rounds because they don't want to upset entrepreneurs or just get themselves into complicated situationslike that.
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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