All-In with Chamath, Jason, Sacks & Friedberg E45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
Sep 4, 2021
The hosts reflect on Chamath's birthday while discussing innovative podcasting and live audience engagement. They take a deep dive into the Theranos trial, underlining the risks of fraud in venture capital. China's video game ban raises questions about freedom and regulation. A heated debate on Texas Senate Bill 8 explores its ethical and legal implications for abortion rights. Meanwhile, Apple shakes up the app market by altering payment policies, and they examine the challenges of wildfires in California and the issues surrounding insurance in a changing climate.
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Bad Wine
- David Friedberg gave Chamath Palihapitiya poorly stored wine as a gift.
- Joshua Kushner, appalled, poured it out.
Fake It Till You Make It
- Elizabeth Holmes' trial highlights Silicon Valley's "fake it till you make it" culture.
- This approach often leads to overselling and inflated projections.
Incentives to Lie
- Increased capital and decreased diligence in Silicon Valley incentivize founders to exaggerate.
- This trend will likely worsen due to the influx of money and lack of thorough vetting.