The SEC is considering a rule that would make it easier for investors to sue if they lose money in VC funds. Michael Lewis: The idea of like making it easier to sue over this, like you knew what you were getting into when you signed up,. It would be gross negligence on behalf of the LP. To sign up to invest in the riskiest class of investing and then be mad when they lost some money.
Molly and Jason kick off the show by discussing the concept of 'quiet hiring' (1:53) and the SEC's proposed rules making it easier for LPs to sue VCs (9:37). They also cover Semafor's buyback of Sam Bankman-Fried's $10M investment (20:50). And Lon Harris is back to discuss the new box office hit M3GAN (31:00) and the premiere of The Last of Us (45:45).
(0:00) Molly kicks off the show
(1:53) Jargon Watch: What is “quiet hiring”?
(8:29) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(9:37) SEC proposes new rules making it easier for LPs to sue VCs
(19:21) Supergut - Get 30% off with code TWIST at https://supergut.com
(20:50) Semafor to buy back SBF’s $10M investment
(29:44) Formulate - Get 25% off at formulate.co/twist
(31:00) Blumhouse and Atomic Monster’s potential merger + M3GAN’s marketing campaign
(45:45) The Last of Us Premiere + more on video game adaptations
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