This Week in Startups Jack's Twitter take & employee reactions, Medical NFTs, Hopin's $200M founder secondary sale | E1444
Apr 26, 2022
Jack Dorsey shares insights on Twitter's sale to Elon Musk and employees' mixed feelings. A controversial NFT project features TikTok doctors selling medical advice, raising ethical questions. Hopin's founder cashes out $195M amidst company struggles and layoffs, highlighting the challenges of leadership in startups. The discussion touches on the balance between innovation and governance in social media, as well as the evolving landscape of digital health services.
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Twitter's Ownership
- Jack Dorsey believes Twitter should be a public good, like a protocol, not a company.
- He regrets that Twitter has been owned by Wall Street and the ad model.
Early Twitter and Wall Street
- Jason Calacanis offered to be a Twitter board member early on, predicting its success.
- He believes Wall Street's pressure to emulate Facebook's growth harmed Twitter.
Jack Dorsey's Accountability
- Molly Wood challenges the idea that Jack Dorsey did everything perfectly.
- She points out that Twitter's decay happened under his leadership.