The SEC has been proposing these is maybe additional disclosures from the SPAC sponsors and any conflicts of interest. Most sponsors would like to have the flexibility to you know sell their shares, especially if things go well So that's why the SEC probably has to step in if you don't regulate yourself. The amount of time they hold their securities would be like the big fix for me If the sponsors had to hold their securities for five years three years something like that They could do that voluntarily.
J+M start the show with some BREAKING NEWS: Slack CEO Stewart Butterfield is leaving Salesforce! (5:09) Then, they cover Circle canceling its SPAC (26:06), SBF's interactions with regulators and the media (40:29), and a Startup of the Day! (57:50)
(0:00) Molly tees up today's news topics!
(1:48) J+M catch up from the weekend
(5:09) BREAKING: Slack Founder and CEO Stewart Butterfield is leaving Salesforce two years after the Slack acquisition was announced
(12:49) Mixpanel - Apply for $50K in credits at https://mixpanel.com/startups
(14:14) Is this a Salesforce issue or a Slack issue? Is Salesforce's Co-CEO leaving last week just a coincidence?
(24:43) Crowdbotics - Get a free scoping session for your next big app idea at crowdbotics.com/twist
(26:06) Circle cancels its SPAC over missed regulatory deadlines
(39:11) Fitbod - Get 25% off at https://fitbod.me/twist
(40:29) SBF and Maxine Waters, Semafor's potential illicit funds from SBF
(57:50) Startup of the Day! Loft Dynamics is building a VR helicopter flight simulator for ~95% cheaper than traditional simulators
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