Art is an underlying asset that has value, but it was not necessarily created to be an investment with an expectation of profit. If there's money to be made, people are going to figure out how to make that money. The utility of NFTs is the key here and if they have some utility, that would be good.
Jason is BACK with Molly to break down the news! They cover Sequoia leaving Citizen's board after passing on a "pay to play" round (5:46), two major companies reportedly going public in 2023: Instacart and ARM (27:11), and the recent turmoil at Dapper Labs (50:44).
(0:00) J+M tee up today's news show!
(2:25) Jason's back!
(5:46) Sequoia leaves the board of Citizen
(14:21) Squarespace - Use offer code TWIST to save 10% at https://Squarespace.com/TWIST
(15:51) How investors make the decision to pass on a "pay to play" round
(25:41) Contra - Get $500 off your first hire at https://contra.com/twist
(27:11) IPO window starts to open, Instacart prepares for IPO after big Q4
(35:42) Revelo - Get 20% off the first 3 months by mentioning TWIST at https://revelo.io/twist
(37:09) ARM prepares for IPO, reasons for CHIPS Act speed
(50:44) Chaos at Dapper Labs: reckless spending, securities lawsuit
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