This Week in Startups What Elizabeth Holmes’s prosecution missed, Nike buys NFT studio, Tether, the power of equity, ISS tourism | E1345
Dec 15, 2021
Discover the intriguing updates on the Elizabeth Holmes trial, highlighting critical oversight by prosecutors. Dive into Nike's bold move as it acquires an NFT studio, shaping the future of digital ownership. Explore the unusual rise of Tether as a currency for Myanmar's shadow government amid turmoil. Plus, enjoy the story of a Japanese billionaire delivering Uber Eats to the International Space Station, pushing the boundaries of food delivery into orbit. A mix of technology, finance, and a dash of humor awaits!
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Holmes's Defense
- Jason Calacanis believes Elizabeth Holmes's defense is weak because she didn't show her technology to VCs.
- Real startups show everything during due diligence, making her secrecy suspicious.
Prosecutorial Misstep
- Prosecutors should have questioned VCs who declined investing in Theranos.
- Their insights into Holmes's unusual secrecy would have strengthened the case.
Nike's NFT Strategy
- Nike's acquisition of the NFT studio Artifact is a smart move.
- NFTs paired with physical goods create a new dimension of ownership and collectibility.
