This Week in Startups: Crypto crash updates, Sequoia’s structure, $ZM product expansion, Starlink & more | E1498
Jason Calacanis 7/1/22 - Episode Page
First, we cover an update from the BlockFi CEO denying that FTX is buying them for $25N (2:33), and we have a couple more crypto quick hits (5:51) before we touch on Sequoia's largest investments being down 70% (34:01). Klarna is raising way down at a $6B valuation (45:23), Zoom is looking to expand beyond video conferencing, (54:50), and the FCC approved Starlink to supply internet to moving vehicles (57:40). Finally, Rachel speaks with co-founder and CEO of Stages, Jared Downing, for this week's OK Boomer (1:08:23).
(0:00) Jason and Molly tee up today’s show!
(2:33) More info on BlockFi/FTX sale: CEO of BlockFi denied $25M sale to FTX
(5:51) Crypto exchange CoinFlex having public feud w/investor who had a reported $47M loan from the company
(12:34) Vanta - Get $1,000 off automating your SOC 2 at https://vanta.com/twist
(13:44) More on contracts
(17:40) CFTC charged Mirror Trading International for fraud over promise of passive income returning 10% a month
(26:44) Helpware - Go to https://helpware.com/TWIST to get $1000 off your first invoice
(27:54) OneCoin not on blockchain and had no real value
(32:43) BairesDev - Go to https://www.baires.dev/twist and get $10k off when you sign your first contract
(34:01) Two of Sequoia’s largest investments, Unity and DoorDash, have each fallen over 70% off their public peaks
(45:23 Swedish BNPL startup Klarna is raising at $6.5B - 1/7th of what they were valued June 2021
(51:48) Breaking: BlockFi says it will be bought by FTX for up to $240 million
(54:50) Zoom looking to expand outside of just video conferencing
(57:40) SpaceX gets new FCC Starlink authorization for trucks and boats!
(1:06:21) Producer Rachel tees up this week's OK Boomer segment
(1:08:23) OKB: Jared Downing, co-founder, and CEO of Stages (a live-streaming platform)
(1:28:43) Outro + Plugs (Bye Producer Justin! We'll miss you)