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This Week in Startups

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Jun 25, 2022 • 1h 42min

Praying For Exits on Markets, Crypto, Startup Valuations + Anisha Sunkerneni of Cyphr VC | E1492

Today, Jason sits down with the anonymous account Praying For Exits — they discuss everything going on in markets, crypto, startup valuations post-crash, and even what was behind the All in podcast controversy (3:09). Then, Producer Rachel sits down with Anisha Sunkerneni of Cyphr VC to talk about NFT NYC and navigating tech events (1:13:30). (0:00) Jason and Molly intro today’s show! (3:09) Jason sits down with the anonymous account Praying For Exits (13:01) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (14:15) Valuations of crypto companies with no product in market: the fault of VCs or founders? (20:23) Intercom - Get advanced Intercom features and Early Stage Academy at a 95% discount https://www.intercom.com/early-stage (21:40) Mr. Exits on earlier stage valuations + remote work (35:57) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist (37:06) Mr. Exits asks Jason some questions (1:08:11) Toss to OK Boomer (1:13:30) OKB: Producer Rachel sits down with Anisha Sunkerneni of Cyphr VC to talk about NFT NYC and navigating tech events (1:41:02) Outro
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Jun 23, 2022 • 1h 41min

Obi-Wan finale + Healthcare’s hidden money pit with Capital RX CEO AJ Loiacono | E1491

Today we bring on Lon Harris to discuss the Obi-Wan Kenobi finale (2:23), then we do a quick hit on the FDA taking action against Juul (42:14). Finally, Molly chats with AJ Loiacono from Capital RX, who is laser-focused on increasing transparency in prescription drug pricing (55:26). (0:00) Jason and Molly intro today’s show (2:23) Lon Harris joins to recap the Obi-Wan Kenobi finale (10:45) BairesDev - Go to https://www.baires.dev/twist and get $10k off when you sign your first contract (11:58) Favorite scenes from the Obi-Wan finale (27:21) Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST (28:35) Thoughts on the Obi-Wan series and finale, will they make live-action clone wars? (34:50) AdQuick - Visit https://adquick.com/twist and mention TWIST to get $1000 off your first campaign. (36:07) Discussing the franchise value of Star Wars (39:56) Jason’s previous Obi-Wan prediction (42:14) FDA is banning the sale of Juuls in the US (other e-cigarettes will still be available though) (54:05) Toss to Molly’s interview with AJ Loiacono (55:26) AJ Loiacono, CEO of Capital RX, who is laser-focused on increasing transparency in prescription drug pricing (1:40:14) Outro: coming up later this week
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Jun 22, 2022 • 55min

TikTok data security, the Chinese surveillance state, Amazon running out of warehouse workers | E1490

Today we kick it off with a discussion of BuzzFeed’s reporting on TikTok, and we debate if there are real risks to worry about here (2:04). Then, we discuss Amazon forecasting it will run out of workers in some of the cities it operates in (37:16). Finally, we talk about some of the ways we are reducing our consumption (43:55). (0:00) Jason and Molly tee up today’s topics! (2:04) TikTok: BuzzFeed News investigation revealed 8 internal TikTok meetings showing that US data has been repeatedly accessed from China (11:40) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist (12:52) Hot Takes: should the US ban TikTok? (19:51) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist (21:04) NYT suggests the Chinese government is investing massively in surveillance (36:09) AdQuick - Visit https://adquick.com/twist and mention TWIST to get $1000 off your first campaign. (37:16) Amazon leaked memo from 2021 said the company was in danger of running out of people to hire in warehouses by 2024 (43:55) Ways Jason and Molly are reducing their consumption (51:10) Coming up later this week
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Jun 21, 2022 • 1h 24min

NFT NYC, Solend takeover, Why Non-Finance use cases are the key to Crypto, Magic Eden & more with Vinny Lingham | E1489

There’s been some crazy news in Crypto, so we bring on Vinny Lingham, an early investor in Solana, who runs a startup that encrypts identity information on the blockchain called Civic. We dig into NFT NYC (8:24), the fiasco on Solend protocol (22:29), and how South Korean prosecutors have instituted a flight ban for employees while they investigate the $40 billion collapse (45:54). Finally, we talk about how, despite all of this, the Solana NFT Marketplace Magic Eden still raised $130 million at a $1.6 billion valuation  (51:04).  (0:00) Jason and Molly introduce today’s show! (2:18) Weekend banter with Jason and Molly (8:24) Crypto Update: Solana Whale, NFT NYC, and Magic Eden w/ Vinny Lingham (13:58) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST (15:13) The crypto drawdown: Vinny’s thoughts (21:21) Notion - Get started for free at https://notion.com/thisweekinstartups (22:29) DeFi protocol built on Solana, called Solend, voted to take over a “whale” account on Sunday, which accounts for ~95% of the platform’s total deposits (35:29) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist (36:34) Should humans be able to intervene on crypto systems? (45:54) South Korean prosecutors have BANNED Terraform Labs employees from leaving the country with a flight ban (51:04) Solana-based NFT marketplace Magic Eden has raised a $130M Series B at a $1.6B valuation (1:18:55) Outro: stories coming up this week
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Jun 19, 2022 • 49min

When to take a meeting (VC School) + Fungi Flour: Hyfé Foods Founder Michelle Ruiz (Climate) | E1488

For this week's VC Sunday School,  Molly asks Jason about when to take a meeting with a founder (2:18). Then for This Week in Climate Startups, Molly speaks with the CEO and Founder of Hyfé Foods, Michelle Ruiz (16:43). Finally, as we're off tomorrow, we wrap with a couple of Juneteenth book recommendations (44:15). (0:00) Jason and Molly intro today’s show! (2:18) VCSS: When to take a founder meeting (12:00) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups (13:18) Investing internationally: Sequoia announced an $850 million southeast Asia fund and a $2 Billion India fund (16:43) TWiCS: Michelle Ruiz, CEO + Founder of Hyfé Foods (21:15) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist (22:28) Breaking down the process of wastewater + how Hyfé Foods capitalizes (32:13) BairesDev - Go to baires.dev/twist and get $10k off when you sign your first contract (33:27) More on Hyfé Foods’ process to make flour (44:15) Outro: Juneteenth book recommendations
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Jun 18, 2022 • 2h 27min

Kraken CEO Jesse Powell responds to NYT hit piece and breaks down the state of crypto + Alexander Olesen CEO of Babylon Micro-Farms | E1487

Today, we recap the Warriors' finals win (2:50) with some potential takeaways for founders (14:00). Next, Jason speaks with Jesse Powell: founder, and CEO of crypto exchange Kraken, and they discuss the state of crypto and the recent hit piece the NYT published on him (48:06). For this week's OK Boomer segment, Producer Rachel sits down with Alexander Olesen, co-founder, and CEO of Babylon Micro-Farms (2:07:41). (0:00) Jason and Molly tee up today’s show! (2:50) Warriors win! Recapping the Warriors’ finals run (12:47) ActiveCampaign - Get 10% off your ActiveCampaign subscription today at https://activecampaign.com/promo/twist (14:00) Downmarket: what can you do? Lessons founders can learn from the Warriors’ leadership (22:37) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (23:55) Work harder, work smarter (30:25) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (31:41) Toss to Jason’s interview with Jesse Powell, founder, and CEO of Kraken (48:06) Jesse Powell speaks with Jason about his NYT hit piece, crypto, and company culture (2:02:04) Recapping Jesse Powell + Toss to OK Boomer with Alexander Olesen, CEO, and Co-Founder of Babylon Micro-Farms (2:07:41) OKB: Producer Rachel speaks with Alexander Olesen (2:26:00) Outro
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Jun 16, 2022 • 1h 13min

Apple & Disney’s sports streaming strategy, Facebook’s plan to be TikTok, Obi-Wan, Star Trek | E1486

It’s Thursday, so we talk all about streaming with our guy Lon Harris! Spoiler alert as we dive into Obi-Wan Kenobi E5 (1:53) and Star Trek E4-5 (34:48). We cover Disney losing cricket streaming rights in India (41:44) and Apple acquiring MLS soccer rights (50:48). Finally, we hit on an internal memo that shows Facebook plans to be more like TikTok (57:17). 0:00) Jason and Molly tee up today’s streaming news with Lon Harris! 1:53) Obi-Wan Kenobi E5: sharing thoughts on the episode (SPOILERS) 13:52) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist 15:03) Obi-Wan: plot holes or symmetry + murder of children in television shows 20:58) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist 22:04) Clunkiness in Obi-Wan: is it because of their real-time virtual production technology? 33:44) Liquid I.V. - Feel better faster. Get 25% off at https://liquid-iv.com using promo code TWIST 34:48) Star Trek Strange New Worlds E4-5: thoughts on the show (SPOILERS) 41:44) Disney won bid to broadcast Indian cricket for $3B but lost streaming rights 50:48) Apple signed deal w/Major League Soccer to stream every match for 10 years starting in 2023 57:17) Facebook wants to be TikTok, revealed in an internal memo according to The Verge
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Jun 15, 2022 • 1h 26min

YouTube shorts vs. TikTok, Crypto contagion, Twitch ad changes, China found aliens? | E1485

First, we’ll dig into the creator economy: Youtube shorts almost has as many users as TikTok (3:06), and Twitch is changing how they pay creators (24:00). We quickly hit on some breaking news as The Federal Reserve approved its steepest interest rate increase since 1994 and signaled it would continue lifting rates this year at the most rapid pace in decades (38:20). The crypto contagion continues, so we’ll give an update (41:50) and discuss the full context of MicroStrategy CEO Michael Saylor’s Bitcoin comments in 2021 (54:13). And we can’t leave without talking about Aliens. China thinks it has a sign (1:16:24). (0:00) Jason and Molly introduce today’s show (3:06) YouTube Shorts are gaining ground on TikTok (13:59) Swag.com - Visit https://swag.com/twist and use code TWIST for 10% off your order! (15:05) TikTok’s owner Bytedance has generated massive revenue across TikTok and its Chinese counterpart Douyin (22:44) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist (24:00) Twitch is expanding its ad incentive program for creators (37:09) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist (38:20) BREAKING: Federal Reserve approved largest interest rate increase since 1994, signaled it would continue lifting rates this year at the most rapid pace in decades (41:50) The crypto contagion seems to be accelerating (54:13) MicroStrategy CEO Michael Saylor’s comments on Bitcoin from March 2021 (1:16:24) China thinks it may have detected signals from an Alien civilization
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Jun 14, 2022 • 57min

Coinbase lays off ~18%, EU crypto regulation, $NFLX & $ROKU ad-tech talks, Hallow prayer app, Prey laptop security | E1484

Today, we kick off the episode with Coinbase’s several hundred-person layoffs (3:23) and the EU’s crypto regulation in progress (23:15). We cover Netflix talking with Roku to help run its planned ad-supported tier (35:18). Our Startup of the Day is Catholic Prayer and mediation app Hallow, partnered with Mark Wahlberg for promotion (41:03). We’ll also showcase Prey, a company that helps protect laptops from theft, which our producer Justin should’ve used in his recent burglary (47:57). (0:00) Jason and Molly tee up today’s news stories (2:30) Apply today to Remote Demo Day - at remotedemoday.com and pitch +10K investors of thesyndicate.com, and close your round (3:23) Coinbase laid off 18% of its staff after a crazy few weeks in the crypto space (14:44) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST (15:59) Looking at Coinbase’s strongest quarter to date (22:01) Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST (23:15) EU Crypto Regulation is approaching (34:02) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist (35:18) Netflix has reportedly reached out to competitors like Roku and Comcast for help with ad sales (41:03) SOTD: Catholic prayer app Hallow raised $52M and has ads featuring Mark Wahlberg (47:57) WLitF: Prey app + Producer Justin’s robbery story
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Jun 14, 2022 • 1h 6min

Crypto drops ~$200B, Celsius freezes, Binance’s BTC pause, Google AI sentience, Magic Spoon: DTC isn’t dead | E1483

On today's show, Jason and Molly cover crypto losing $200B from its total market cap this weekend (14:51) and Binance pausing withdrawals of Bitcoin for almost 4 hours this morning (29:53). We also quickly talk about a Google engineer claiming Google's AI chat bot has become sentient (38:15). For our We Live in the Future, we cover Amazon announcing drone delivery for later this year (48:52). Finally, we wrap on our Startup of the Day: Magic Spoon, a high-protein cereal maker (53:57). (0:00) Jason and Molly tee up today’s news stories (2:44) Catching up with Jason and Molly (hikers vs mountain bikers, rattlesnakes) (13:51) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist (14:51) Crypto lost $200B from total market cap this weekend, major currencies are down ~25% over past week (28:42) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist (29:53) Binance paused withdrawals of Bitcoin for almost 4 hours earlier this morning (37:06) AdQuick - Visit https://adquick.com/twist and mention TWIST to get $1000 off your first campaign. (38:15) Google’s AI is sentient according to engineer Blake Lemoine (48:52) WLitF: Amazon announced they will officially launch drone delivery this year (53:57) SotD: Magic Spoon (high-protein cereal maker) raised a $85M Series B

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