This Week in Startups Reacting to Tether’s CNBC interview, Netflix earnings + Vincent’s Slava Rubin on alt assets | E1250
Jul 21, 2021
In this installment, Slava Rubin, co-founder of Vincent and Indiegogo, dives deep into the fascinating world of alternative assets. He discusses the booming trading card market and how nostalgia fuels modern investments. Alongside Jason’s reactions to Tether's troubling transparency and Netflix’s latest challenges in the streaming wars, Slava emphasizes the evolution of crowdfunding and the importance of community in alternative investments. Their conversation unpacks new business models that simplify accessing unique asset markets.
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Tether's Evasiveness
- Tether's CTO and General Counsel dodged questions about their US dollar reserves on CNBC.
- Their evasiveness raises concerns about a potential fraud or cover-up.
Tether's Audit Issue
- Tether's lack of a full audit despite claiming transparency raises red flags.
- Businesses partnering with Tether should be wary of this discrepancy.
Cayman Islands Firm
- Tether's use of a Cayman Islands accounting firm and deflection about it raises further suspicion.
- Their justification of "trust isn't limited to the US" is unconvincing.