Nikola lawsuit updates, Rumble business breakdown + more SPAC updates | E1565

Sep 20, 2022

Unravel the chaos surrounding Nikola's legal troubles, with insights on how its former CEO's mishaps could teach valuable lessons for founders. Discover the latest updates on Chamath's SPACs as he winds down operations, returning funds to investors. Dive into Rumble's intriguing business model post-SPAC merger, contrasting it with mainstream platforms while wrestling with content moderation issues. Explore the delicate balance between promoting innovation and the risks of over-promising in the tech world.

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ANECDOTE

Nikola Interview

Trevor Milton, Nikola's founder, was interviewed on This Week in Startups.
Jason Calacanis sensed something was amiss during the interview.

ADVICE

Interview Technique

Let interviewees explain their vision and ask probing questions.
This helps reveal inconsistencies or potential falsehoods.

INSIGHT

Financialization Trap

Focusing on financialization before product-market fit is problematic.
Milton's emphasis on attracting retail investors before having a viable product illustrates this.

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