All-In with Chamath, Jason, Sacks & Friedberg E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee
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Apr 7, 2023 The hosts dive into the political fallout from a high-profile indictment and its implications for America's legal landscape. They explore the intriguing trend of de-dollarization, especially with a new trade deal between China and Brazil. Discussions turn to the ethics of investing in Chinese AI startups amid geopolitical tensions. The tragic passing of tech leader Bob Lee sparks a debate on public safety in San Francisco, underscoring the urgent need for effective reform and community engagement.
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Mahalo's Rise and Fall
- Jason Calacanis's Mahalo, a human-curated search engine, made $10 million in revenue at its peak.
- Google's Panda update throttled Mahalo's traffic, causing revenue to plummet to $500,000.
Trump Indictment Analysis
- Trump's indictment on 34 felony counts of falsifying business records is viewed as weak by some legal experts, including Preet Bharara.
- The charges, related to a hush-money scheme with Stormy Daniels, are misdemeanors elevated to felonies due to alleged tax evasion or election interference.
Hush Money Legality
- Trump's use of personal funds for the Stormy Daniels settlement is legal, even if considered hush money, argues David Sacks.
- Alvin Bragg's claim that Trump should have used campaign funds is illogical, as that would likely be a separate crime.
