This Week in Startups Breaking down Rivian’s IPO & $100B valuation + DAO deep dive with OpenLaw’s Aaron Wright | E1324
Nov 11, 2021
In this episode, Aaron Wright, co-founder of OpenLaw and a law professor at Cardozo Law School, dives deep into Decentralized Autonomous Organizations (DAOs). He discusses how DAOs can revolutionize decision-making and investment strategies, offering greater inclusivity and efficiency compared to traditional structures. Aaron also highlights the legal frameworks necessary for DAOs to thrive. Meanwhile, Rivian's staggering $100 billion IPO valuation raises eyebrows as experts question its sustainability amid fierce competition in the electric vehicle market.
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Episode notes
Rivian's Valuation
- Rivian's $100B valuation seems disconnected from reality, given its minimal revenue and deliveries.
- Jason Calacanis questions the sustainability of such high valuations for pre-revenue companies.
Collectible Cars
- Jason Calacanis owns Signature #001 Tesla Model S and Roadster #16.
- He's considering donating them to a museum like the Smithsonian.
Investment Advice
- Consider investing in established companies with proven revenue and customer base.
- Avoid excessively speculative bets on companies without product-market fit at inflated valuations.