Presenting Foundering Season 6: The Killing of Bob Lee, Part 1

26 Apr 2026 · 37 min · 16 chapters

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In short

The episode reconstructs the April 4, 2023 stabbing death of Bob Lee, a 43-year-old tech executive (Google Android, CTO at Square, founder of Cash App). It opens with the 2:34 a.m. 911 call, police body-cam footage, and Lee’s death from multiple stab wounds. It then details how, in the nine days before an arrest, online and media narratives blamed San Francisco’s “lawlessness” and political leaders, citing tweets from figures like Elon Musk and venture capitalists.

Key claims

crime-data vs public perception mismatch; politicization and fear-mongering occurred before facts were known; Lee’s death was not linked to homelessness/mental health.

Notable examples

Kevin Benedicto’s “wait and see” remarks; threats after he was clipped and tweeted; speculation comparing to the Brianna Kupfer case.

Guests

Krista Lee (former wife; Marin County; last text April 3/4) and Kevin Benedicto (SF police commissioner).

Written by AI. May contain mistakes. Listen to the episode to check what was said.

Chapters

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Setting the Scene: A Shocking Incident

0:31 to 0:55

Explore the details of a 911 call from San Francisco about a stabbing.

The Arrival of Police and Discovery

0:55 to 3:08

Witness the police's arrival and discovery of the victim, Bob Lee.

“The 911 call comes in at 2.34 in the morning from near downtown San Francisco.”

Who Was Bob Lee? A Tech Pioneer

3:08 to 4:12

Learn about Bob Lee's background and his impact on the tech industry.

“The police don't know it yet, but the victim is Bob Lee, a successful tech executive and programmer who had a hand in creating many popular tech products.”

The Aftermath: Public Reactions to Bob's Death

4:12 to 6:06

Understand the public's reaction and the evolving narrative around San Francisco.

“Online speculation turned Bob Lee's death into something else, into a narrative.”

Bob Lee's Personal Life and Tragic Events

6:06 to 6:41

Discover the details surrounding Bob Lee's personal life leading up to his death.

“Bob was held up as an example of the tech industry's excessive party scene, replete with sex, drugs, and house music.”

Krista Lee's Heartbreaking Account

7:50 to 14:03

Hear Krista Lee recount the moments leading up to the tragic news of Bob's death.

“Brokered services by Public Investing, member FINRA SIPC.”

The Shocking News of Bob Lee's Death

14:03 to 16:47

Listeners will learn about the immediate reactions following the news of Bob Lee's murder.

“And at that point in time, my heart shattered.”

Social Media Reactions and Political Fallout

16:48 to 19:16

The segment covers the social media outcry and its implications in the political landscape.

“taking this story to a whole new level of infamy.”

Perceptions vs. Reality of Crime in San Francisco

19:17 to 23:21

A discussion on the disparity between crime statistics and public perception in San Francisco.

“News of Lee's death caught the attention of many commentators, from those on the fringe to those who are increasingly mainstream.”

Political Responses to Bob Lee's Murder

23:22 to 25:00

Insights into how local politicians reacted to the narrative surrounding Bob Lee's death.

“or just visible groups of teenagers hanging out.”
Show all 16 chapters

Political Responses to Bob Lee's Murder

25:55 to 28:01

Insights into how local politicians reacted to the narrative surrounding Bob Lee's death.

“Brokered services by Public Investing, member FINRA SIPC.”

Benedicto's Statement at the Commission Meeting

28:01 to 28:57

Learn about the response to the media's exploitation of Bob Lee's murder.

“I do feel compelled to comment on what we're seeing.”

Public Reaction and Empathy

28:58 to 30:29

Explore the public's emotional response and the ensuing backlash.

“And unbeknownst to Benedicto, his comments were cut into a short video clip and tweeted out by a local news outlet called the San Francisco Standard.”

The All In Podcast and Its Impact

30:30 to 33:15

Understand the influence of the All In podcast hosts on the narrative.

“Jason Calacanis, the guy who called Kevin Benedicto an evil, incompetent fool, is one of the four hosts of the All In podcast.”

Investigation Developments Post-Murder

33:16 to 35:25

Details on the developments in the investigation of Bob Lee's murder.

“To be clear, there was nothing tying Bob Lee's death to the death of Breanna Kupfer in L.A.”

Arrest of Nima Momeni and Speculation

35:26 to 38:23

Examine the arrest of Nima Momeni and the questions it raises.

“San Francisco Police Department has arrested a suspect in the murder of tech executive Bob Lee.”
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Transcript

Automatic transcript. May contain errors.

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0:39Bloomberg Audio Studios. Podcasts. Radio. News. Tuesday. April. San Francisco. Let's see. Go. Go. It's April 4. 2023. The 911 call comes in at 2.34 in the morning from near downtown San Francisco.

1:10The caller sounds stunned. He doesn't say his name. He just keeps repeating, help, help, until he says, I know you can hear me, sir. Where are you? Somebody stabbed me. Where are you? After a minute or so, the caller starts gasping for breath. I have help going to you, sir. Where are you? The 911 operator tries to get more information out of him, without much luck. Are you outside or inside? Listen to my questions. I know you can hear me. Where are you? I'm on the street. Okay, you're on the street? You're outside? I'm, uh, one more second. I'm at, I need to go to the hospital. Slowly, he starts struggling for energy.

2:01Until three minutes in, he goes quiet. Zero, two, thirty, nine, and fifty, three seconds. The police arrive. Officer Drew Jackson is the first on the scene. Hey, hey, it's the policeman. Hey, it's the police. Yeah, the police is there for you. Can you see them? This recording is from his body camera. We're here in front of 403 Main. Hey, it's the police. Hey, who did this to you? The video, I should say, is awful. You can see Officer Jackson come upon this body collapsed on the sidewalk. It's a man. He looks completely helpless. He's gone pale and is struggling to breathe. Hey, my friend. Officer Jackson pulls up the victim's shirt to reveal stab wounds and blood on his chest.

2:54He starts cutting off the victim's clothes. Hey, get the med kit, please. I know, but he's not doing too hot.

3:04A few hours later, the man would be pronounced dead of multiple stab wounds to the chest and heart.

3:16The police don't know it yet, but the victim is Bob Lee, a successful tech executive and programmer who had a hand in creating many popular tech products. He worked at Google on the Android phone. He was CTO of Square, the payment company. And he founded Cash App, an incredibly popular tool for sending or receiving money via smartphone. He was respected and well-liked in the tech industry. His death would send shockwaves through the community.

3:54What happened following this moment was unlike anything I've ever seen in San Francisco. It took nine days for the police to arrest a suspect. In those nine days, very little was even said about the investigation. And so rumors, fear, and misinformation rushed in to fill the void. Online speculation turned Bob Lee's death into something else, into a narrative. A story about San Francisco and its decline. At first, there were some prominent figures in tech who thought that Bob's murder was the manifestation of all that was wrong with the city. a famously progressive place that had crumbled into lawlessness, crushed by its own liberal policies.

4:39To them, Bob Lee's death became a symbol of what came to be known as the San Francisco Doom Loop. Leaders in the tech industry started calling for change. They placed the blame for Bob's death at the feet of the city's politicians. San Francisco was among the first major cities where there were calls for a return to law and order while flaunting the actual crime statistics. But it would not be the last. The Trump administration is also increasing the pressure on Minnesota. Thousands of immigration agents were sent to the Twin Cities. Trump administration is deploying an additional 2 ,000 National Guard troops to Los Angeles.

5:22Amid his effort to deploy the National Guard to cities like Portland and Chicago. In the years since Bob Lee's death, President Trump would deploy federal troops to several cities with Democratic leadership. I don't like being up here talking about how unsafe and how dirty and disgusting this once-beautiful Capitol was. He would argue that crime was, quote, out of control and that these cities were burning down, that the streets were in crisis. And for anyone living in San Francisco, this kind of language might sound pretty familiar. The San Francisco Doom Loop was only the first chapter of how Bob Lee's death was spun.

6:05After that, when details of Bob Lee's personal life started being reported out in the press, a new story started to emerge. Bob was held up as an example of the tech industry's excessive party scene, replete with sex, drugs, and house music. What was the real story? Why was Bob Lee killed? And who really was to blame? The city? The industry? Or something else entirely?

6:39I'm Sean Wen. This is Foundering, The Killing of Bob Lee.

6:56Support for the show comes from Public. Public is an investing platform that offers access to stocks, options, bonds, and crypto. And they've also integrated AI with tools that can assist investors in building customized portfolios. One of these tools is called Generated Assets. It allows you to turn your ideas into investable indexes. So let's say you're interested in something specific like biotech companies with high R &D spend, small cap stocks with improving operating margins, or the S &P 500 minus high debt companies. Chances are there isn't an ETF that fits your exact criteria. But on public, you just type in a prompt and their AI screens thousands of stocks and build a one of a kind index.

7:36You can even backtest it against the S &P 500. Then you can invest in a few clicks. Go to public.com slash market and earn an uncapped 1 % bonus when you transfer your portfolio. That's public.com slash market. Add paid for by Public Holdings. Brokered services by Public Investing, member FINRA SIPC. Advisory services by Public Advisors, SEC Registered Advisor. Crypto services by ZeroHash. Sample prompts are for illustrative purposes only, not investment advice. All investing involves risk of loss. See complete disclosures at public.com slash disclosures. I should look up what our last text message was.

8:14Hold on. Please go ahead. I first met Bob Lee's former wife, Krista Lee, at her family home in Marin County. She moved there after she and Bob separated, while he stayed in the penthouse apartment in San Francisco. She still lives there with their kids and her partner. Okay, so this was on April 3rd at 8, 8.06 p.m. How are you feeling? Hanging with Bo in the city. And I messaged back, hey, sexy boys. I'm in bed. not suitable for public eye. I feel like crap. Like, just leave me alone. He's, oh, feel better, babe. We'll hit you up tomorrow. And that was the last message that I heard from him. Krista and Bob met when they were both 22 years old.

8:52They became adults together and raised kids. They divorced in 2018 after a 16-year relationship. But they stayed close. Not just we have kids close, but we still party together close. They had a shared family group text, and we're in constant touch. He'll send a message on our family thread, you know, love you guys, see you soon. He was always in communication with our family. It was the morning of April 4th. Bob had moved to Miami a few months before all of this, but he was back in town for a work trip and to see his daughter's school play. Krista had seen him the night before, but hadn't heard from him all morning.

9:29She was in the car with her daughter. I was driving and I said, do me a favor and check Dad's location for me. Something's not right. Bob's phone showed that he was at the police station. After Krista dropped her daughter off at school, she texted him. April 4th, 9.49 a.m. Are you in jail? Question mark, question mark, question mark. I got multiple calls at 6 a.m. from Zuckerberg General Hospital. No message. And when I called back, they said it was probably just auto update confirmation for an appointment. But I don't have appointments there. Then I had Scout double-check your location. It shows you at the police station.

10:05She didn't hear back. A few hours passed. We were out back having lunch, and I tried to call him again. It was going right to voicemail. I'm like, this isn't right. I've got a weird feeling. Shortly after that, that's when our friend Ali called me and said, Babes, have you talked to Bob this morning? Ali is a close friend of Bob's. He goes, I don't want to alarm you, but it shows his location at the police station. And of course, then I kind of giggled to myself, like, how many people have your location, honey? Ali was like, you know, I'm in the area. I'm going to go see what's going on. Like, did he get beat up?

10:40Did something happen? The, I guess, receptionist at the police station said, you know, the person matching this description was taken to the hospital.

10:54my heart dropped and i mean we left the house within two seconds of that and and went down there and and ali said i'm on my way there right now and of course the entire drive we're thinking okay what happened what damn it bob what did you do or even worse you know did he get attacked by someone um you know what what's going on here nothing made sense krista arrived at zuckerberg San Francisco General Hospital with her partner, Jeremy. I walked up, I gave them my ID, and the woman said, oh, okay, let's take you back to this private waiting room. I'm thinking, what the fuck is going on here? And then maybe about five minutes passed, and it's just kind of a, we're kind of making little jokes here and there, like, what is going on with Bob?

11:41Shortly after that, a nurse and the attending doctor came into the waiting room and said, you're the wife of Bob Lee. I said, former wife, Krista Lee. And he's like, I'm so sorry to inform you, but we did everything we could, but we couldn't save Bob.

12:03I almost passed out. This flush went over me. And it was like, I couldn't even hear what he was saying anymore. It was just all of a sudden, you know, ears are deaf. And I'm listening to this person try to tell me, you know, and they don't even say his name. and they keep saying a man matching his description. And I was like, what the fuck? What is going on here? And I'm looking at Jeremy, and I couldn't even make a tear. I couldn't catch my breath. And they wanted me to stick around. They wanted me to talk to the medical examiner and all this other stuff, and it's like, the only thing I could think of was, I have to go home.

12:34My kids just got out of school. They're at the house. I have to go home now. I have to tell my children that their father was stabbed to death.

12:50Krista made the hour-long drive back to her house. She pulled in the driveway. I just kind of sat in the car looking out the window and hoping that I was going to get a call saying, oops, wrong guy, never mind, it was some other blonde dude. When that call didn't come, she went inside to see her kids. So I walked upstairs to their rooms and said, I need to tell you that something happened to Dad last night. And he was taken to the hospital, and Dad passed away early this morning. Like, I didn't really know how to express to my children, like, what words that you're supposed to use. And I just remember looking at Scout, who's our 15-year-old.

13:31She's got the big Disney princess eyes where they just welled up in tears. So I'm laying there with my children and not really making sense of it all, but just feeling pain, absolute pain.

13:50Within minutes, I received calls from dozens of people. Is it real? I'm like, as far as I know, I think so, yeah. And then shortly after that, one of our best friends called and said, I just saw on the news. And at that point in time, my heart shattered. I'm like, how the fuck is this already on the news? Thank you, Raina. 701 in the breaking news, a tech executive is dead. He was stabbed in San Francisco, south of Market Street. Yeah, the latest reports have identified the victim as Bob Lee, the founder of Cash App. Someone out there has already run to the media saying, you know, Cash App founder Bob Lee stabbed to death.

14:29He's widely known as the founder of Cash App, a popular mobile payment service. He is a giant in the tech field. His death certainly sending shockwaves through the tech community here. I was on the phone with my father and I started crying. I'm like, Dad, I gotta go. Bob's on the news. Police officers rushed out there, but by the time they got there, the killer or killers were long gone. The initial wave of news stories are pretty bare bones. They mention Bob's name and the fact that he was killed, but they don't mention a suspect or a weapon. Then the story changes. At 8.01 p.m., the night of April 4th, only 18 hours after Bob was stabbed, a retired MMA fighter named Jake Shields goes on Twitter and posts, quote, I just found out that my good friend was killed last night while walking in San Francisco.

15:24He was in the good part of town and appears to have been targeted in a random mugging slash attack. Fuck San Francisco. Nowadays, Jake is a podcast host. He's interviewed Holocaust deniers and white nationalists. But at the time, he was simply a semi-famous guy on Twitter. Soon, more voices join in, many identifying as venture capitalists and tech founders. We've trimmed these tweets for length. RIP at Crazy Bob. This is fucking horrific. Fuck you, SF politicians. Fuck you. Can we please stand up and completely purge SF politics now and start over? How many more of these are we going to see? Another one reads, Chesa Boudin and the criminal-loving city council that enabled him and a lawless SF for years have Bob's literal blood on their hands.

16:17This last tweet was referencing Chesa Boudin, a progressive DA who ran on policies like bail reform and reducing the prison population. He was removed from office after a very contentious recall vote. By the time Bob was killed, members of the tech industry had been rallying for months around the message that crime in San Francisco was out of control. And now, one of their own was dead. That's when the richest man in the world chimes in, taking this story to a whole new level of infamy. At 2.27 a.m., Elon Musk tweets, Very sorry to hear that. Many people I know have been severely assaulted. Violent crime in San Francisco is horrific.

17:03And even if attackers are caught, they are often released immediately. Is the city taking stronger action to incarcerate repeat offenders? At Brooke Jenkins SF. So I woke up, I remember early in the morning to that tweet already being in my inbox. That's Brooke Jenkins, the current DA of San Francisco. She was appointed after Chesa Boudin was recalled. And me having to, you know, out of the fog of waking up, realize what exactly I was looking at. And that it was, in fact, Elon Musk who had tagged me in this tweet about this case. Were you surprised he even knew who you were? Oh, absolutely. I was shocked that he knew my name at all.

17:52I think about 6 million people saw it within 24 hours. And so the flood of media interest began almost right away. All right. Here's a horrible story, then we'll talk about Trump. The next morning, things move beyond the walls of Twitter when conservative YouTubers take up the story. Tech executive Bob Lee, founder of Cash App, was stabbed to death in San Francisco on the 300 block of Main Street. This is the late Scott Adams, creator of Dilbert. Now, this caught my attention not only because it was a horrible tragedy, but this is the same block that I was attacked with a knife. Two months before this, Dilbert was dropped by major newspapers all over the country when Adams made racist statements about Black people.

18:42He became a YouTuber, commenting on the news of the day. So in the 80s, I was robbed twice at gunpoint while I was a bank teller in downtown San Francisco. He then goes on to suggest that cities are done for. I tend to think the cities are dead. I think they're dead. I think the next time the cities will be alive is when robots rebuild them. That could be a while. All right, let's talk about Trump's arraignment. Clearly, what's happening in San Francisco is political. This is Luke Rudkowski, a prominent 9-11 truther and an Alex Jones acolyte. The latest high-profile incident that happened in San Francisco happened where a major tech executive and the founder of Cash App, Bob Lee, was viciously attacked in the middle of the night and then lost his life at the age of 43.

19:32News of Lee's death caught the attention of many commentators, from those on the fringe to those who are increasingly mainstream. I'm Dave Rubin. This is The Rubin Report. It's April 6, 2023. We're live streaming on Rumble, YouTube and Locals. Dave Rubin is a conservative YouTuber. His channel has almost 3 million subscribers. And it's not just that they're pushing all of the gender stuff and the race stuff and that they lied about COVID and everything else. It's that there is also an unbelievable amount of crime happening in blue cities right now. You know it. We cover it all the time. But the worst of the worst, as you guys know, is San Francisco.

20:09San Francisco has completely collapsed. Elon Musk's comments are completely right. The amount of security he has to have at the Twitter offices, which is in the midst of a zombie apocalypse. And then Rubin goes on to connect this to the city's political leaders. Why is it that Democrat cities look like that? If you can find Republican-led cities that look like that, please send me the video and I will show it and I will go after the Republican mayor in those cities that's doing it. It's worth pausing here to ask, where does San Francisco's reputation as a crime-ridden hellhole come from? The data show that all reported crime in San Francisco is at a 20-year low.

20:52During those early years of the pandemic, crime was also trending down overall, according to SFPD data. The exceptions that stand out include car thefts, burglaries, and homicides, all of which increased a little. But the homicide rate is still among the lowest of major cities in the U.S. In 2023, the year Bob Lee was killed, he was one of only 55 homicides. But San Francisco suffers from a persistent gap between what the data show and how people feel. This has prompted questions about how crime data is gathered, and some prominent tech voices have suggested throwing out the stats altogether. This topic is kind of a minefield, and many people who are much more knowledgeable than I am have made a go at it.

21:46But what I want to get at is a feeling, a disconnect between the data and people's experiences.

21:56I remember not long after I moved here, about a decade ago, I was crossing the street and I saw a man lying face down right where the crosswalk met the sidewalk. So to reach the sidewalk, you had to step over his body. And that's what everyone at this intersection did, including me. We walked right past him, not know if he was alive or dead. While this kind of human suffering is not unique to San Francisco, there's something about it here that just feels different. It's more casual, more in your face, in your daily life, on your way to work, on your way to dinner, on a walk to pick up groceries, you might see someone shooting up at the BART station or sitting on the sidewalk with open sores on their legs or having a mental health episode in the middle of traffic.

22:47And most longtime San Franciscans would tell you, unfortunately, that's not new.

22:58There's research that shows that worrying about crime can become a chronic emotional state that shapes how people see the world around them. It can sow anxiety and mistrust, even when crime rates are stable or falling. The research also shows that people who worry more about crime also tend to see common nuisances as threatening. Things like noisy neighbors, litter, graffiti, or just visible groups of teenagers hanging out. To them, these are signs of social decline. Crime during and immediately after COVID was a nationwide conversation. But San Francisco especially was a hot topic. Comedian Dave Chappelle was not the usual jokes and giggles during a surprise show last week.

23:44Instead, going off about San Francisco's high crime and rampant homelessness. Bob Lee was killed during a moment when San Francisco had become a national punching bag. Based on a reputation that wasn't completely inaccurate. The comedian asking the audience, quote, What the blank happened to this place? He didn't say blank. Saying the whole city was now the tenderloin as a district notorious for crime, homelessness, drug problems. Florida Governor Ron DeSantis flew in just to dump on the city for a campaign spot. We're here in the once great city of San Francisco. We came in here and we saw people defecating on the street.

Read the full transcript

24:28We saw people using heroin. We saw people smoking crack cocaine. And you look around, the city is not vibrant anymore. It's really collapsed because of leftist policies. After the break, the weight of this national scrutiny comes down on a few local politicians. We'll be right back.

25:01Support for the show comes from Public. Public is an investing platform that offers access to stocks, options, bonds, and crypto. And they've also integrated AI with tools that can assist investors in building customized portfolios. One of these tools is called Generated Assets. It allows you to turn your ideas into investable indexes. So let's say you're interested in something specific like biotech companies with high R &D spend, small cap stocks with improving operating margins, or the S &P 500 minus high debt companies. Chances are there isn't an ETF that fits your exact criteria. But on public, you just type in a prompt and their AI screens thousands of stocks and build a one-of-a-kind index.

25:41You can even backtest it against the S &P 500. Then you can invest in a few clicks. Go to public.com slash market and earn an uncapped 1 % bonus when you transfer your portfolio. That's public.com slash market. Ad paid for by Public Holdings. Brokered services by Public Investing, member FINRA SIPC. Advisory services by Public Advisors, SEC Registered Advisor. Crypto services by ZeroHash. Sample prompts are for illustrative purposes only, not investment advice. All investing involves risk of loss. See complete disclosures at public.com slash disclosures. By Wednesday night, less than 48 hours after Bob was killed, city officials could see the narrative spinning out of control.

26:22I learned about Bob Lee's murder in the same way that most people did, just seeing coverage from the media and on social media. This is Kevin Benedicto, a San Francisco police commissioner. What you saw right away was people jumping to conclusions, blaming the Ed Howes, blaming open-air drug markets. In San Francisco, a police commissioner is not the city's top cop, the way it is in New York or in Batman. Instead, the commission is like a civilian advisory board that's meant to oversee police misconduct. It's basically a volunteer gig. Bob Lee happened to die the night before a routine police commission meeting, which would be broadcast to the public.

27:02So before the meeting starts, Benedicto wants to talk to the city police chief, a guy named Bill Scott. One reason why I wanted to speak to the chief of police before the commission meeting was to ask if there was any evidence that this was linked to opener drug markets, if there was any evidence that this was connected to any unhoused individuals or anyone in a mental health crisis. And at that point, the answer was no, there was nothing that connected to those things. And all the evidence pointed to that not being the case. What really, I think, most frustrated and really disgusted me was what seemed to me an attempt to weaponize this tragedy, to advance an existing political agenda and to advance political narratives about the state of San Francisco.

27:45When we were less than 24 hours, when the investigation was still in its early stages and there wasn't really any evidence to suggest any of those things and all the sort of statistical data suggested really quite the opposite. At the commission meeting that night, Benedicto decides to make a statement about Bob Lee. I do feel compelled to comment on what we're seeing. I do feel like some people out there on the media and social media that are exploiting this horrific incident for political gain. Like most government commission meetings, this one was sparsely attended. So he thinks he's speaking to a small group of people.

28:25So much of the coverage in this short amount of time has been a significant amount of misrepresenting facts, of fear-mongering and of trying to exploit this tragedy. The thrust of my statement was really wait and see. We don't know all the facts. The department will update the public and the commission when we do and would discourage people from reading the fear-mongering and the politicization and things on Twitter, including things by the CEO of Twitter.

28:57So I got home, I went to bed, and woke up to dozens, maybe over 100 negative responses and mentions directly in emails, including threats.

29:12Police commission meetings are taped. And unbeknownst to Benedicto, his comments were cut into a short video clip and tweeted out by a local news outlet called the San Francisco Standard. It had gotten, I think, upwards of one or two million views. I'd since joked, I watched my remarks back to make sure that I didn't confess to the murder. Because why else would someone be threatening me and threatening my family? I had one that said, I hope your mom gets stabbed. And let's see if you say we should wait and see when it's your mom that gets stabbed. One of the people to jump on him was Jason Calacanis, a prominent venture capitalist.

29:50He tweeted in all caps and with minimal punctuation, these are the lunatics running San Francisco, evil, incompetent fools and grifters who accomplish nothing except enabling rampant violence. Vote them out. I really do feel empathy for their immediate fear and anxiety when there's violence that strikes into our community, particularly if it's sort of a subset of a community that you belong to. You know, San Francisco is home to many tech companies and many tech workers. And so to feel that anxiety, I totally empathize that. But it really felt quite distasteful to be sort of jumping to conclusions.

30:28Benedicto's empathy was not necessarily returned. Jason Calacanis, the guy who called Kevin Benedicto an evil, incompetent fool, is one of the four hosts of the All In podcast. The show has nearly 900 ,000 subscribers on YouTube. And I want to talk about All In for a moment, specifically because of who those hosts are. All four are powerful tech leaders. All four are venture capitalists with connections to PayPal, Facebook, and Uber, among other companies. They're powerful businessmen who've built up a very successful podcast. Also, they've been some of the loudest critics of San Francisco politics since 2020.

31:10Here's Calacanis. politicians are sending their thoughts and prayers. But obviously, San Francisco is still a very dangerous place, it seems. The next voice is a guy named David Friedberg. I used to live two blocks from where the event happened. I'll zoom out. Where is it, Friedberg? Is it a bad place? It's in Soma at Rincon Center. Is it part of all that drug craziness? No, not necessarily. It's just a nice area. Look, here's the thing. If you park at a parking meter in San Francisco for eight minutes too long, you get a$60 to$100 parking ticket. And San Francisco has become an upside down town.

31:48What I mean by that is I think that like so much of the response to concerns about the powerful having too much influence over those who are less powerful, the response has been to turn things upside down, which is to give those who were lacking in the power structure everything and to try and take everything away from those who are at the top of the power structure. Look, there are clearly differences between the All In guys and right-wing pundits like Dave Rubin or the outright conspiracy theorists like Luke Rutkowski. People listen to All In because the hosts are incredibly successful investors offering business insights.

32:28But there are some key parallels too. They're freely zipping between Bob Lee's murder and unrelated topics like Walgreens and parking tickets. And they also speculate quite openly. We don't know exactly what happened yet. This is David Sachs, an early PayPal executive. He's probably the most prominent among the all-in guys. I think we suspect, and I would bet dollars to dimes, that the story is very similar to a case we had in L.A. recently, the Brianna Kupfer case, where a young woman was basically stabbed for no reason by a psychotic homeless person who could have been locked up, who was arrested multiple times, but was not kept locked up because of this push for decarceration.

33:12But this idea of just releasing these people onto the street, I just think is an outrageous abdication of responsibility by our elected officials. To be clear, there was nothing tying Bob Lee's death to the death of Breanna Kupfer in L.A. At this point, there was no suspect publicly identified and no evidence linking Bob's murder to homelessness or mental illness. It was all speculation. I should mention, in the years since, David Sachs' political involvement has only deepened. But crime in San Francisco was one of the first examples of Sachs prominently wading into a political fight. These elected leaders, they are setting loose on us a predatory, criminal, or psychotic element that jeopardizes our safety and makes these cities unlivable.

34:07David Sachs turned down my request for an interview. Jason Calacanis and David Friedberg did not respond. Meanwhile, amidst the speculation, time ticked on. Four days later, still no arrests or suspects identified in Tuesday's tragic murder of tech executive Bob Lee. Last night, police chief Bill Scott said there have been good developments. Reportedly, a kitchen knife with a four-inch blade was found in a nearby parking lot. One week after Bob's death, Krista Lee, Bob's former wife, was starting to pick up the pieces. I headed out and had to fly to Miami to do something I wished in my life I'd never have to do, and that is to go through someone's apartment and pack things up and also look for evidence, because at this time there was no suspect.

35:01However, some new information had leaked to the press, including security recordings. The Daily Mail website obtained this heartbreaking footage, showingly staggering along the sidewalk, bleeding, trying to flag down a driver or a doorman to no avail.

35:22Then, nine days after the murder. Breaking news right now, it seems there might have been an arrest. San Francisco Police Department has arrested a suspect in the murder of tech executive Bob Lee. There was big news. the mayor, the DA, and the chief of police held a joint press conference. On April 4th, 2023, at approximately 2.30 a.m., San Francisco police officers from Southern Station responded to the 300 block of Main Street for a report of a stabbing. Our homicide investigators developed information that identified the suspect as 38-year-old Nima Momeni of Emeryville, California. Who? San Francisco police arrested 38-year-old Nima Momeni.

36:10The suspect is another tech executive who knew Lee. I did not know the name. I had never heard of him before. They showed pictures of him. I looked him up. I had no idea who this person was. Here's Police Chief Bill Scott. We can confirm that Mr. Lee and Mr. Momeni knew each other. Mr. Momeni was taken into custody without incident in Emeryville, California. He was transported to the San Francisco County Jail and booked on one charge of murder. Scott starts by emphasizing that the two men knew each other, which is most often the case when it comes to violence. It's usually not a random act on the street.

36:50This is more about human nature and human behavior than it is about our city. This is not about San Francisco. It happened in San Francisco, and that is unfortunate. it. It's even more of a tragedy that it happened at all, but this speaks to more about human nature. Facts show and research shows that most people who commit homicides know the people that they kill. Then the new DA, Brooke Jenkins, speaks. And somewhat surprisingly, she turns her attention to Twitter. She calls out Elon Musk. As you already heard, Mr. Lee was murdered by somebody that he knew. While we're not going to release any additional facts at this time, I must point out that reckless and irresponsible statements like those contained in Mr.

37:34Musk's tweet that assumed incorrect circumstances about Mr. Lee's death serve to mislead the world and their perceptions of San Francisco and also negatively impact the pursuit of justice for victims of crime as it spreads misinformation at a time when the police are trying to solve a very difficult case.

37:58So, after nine days of speculation, Nima Momeni was arrested. He wasn't, as some had suspected, a, quote, psychotic homeless person. He was an IT guy who lived in a fancy loft just across the bridge from San Francisco. Him being out on the street that night in April had nothing to do with decarceration politics or lenient city officials. But now, there were many new questions. How did Bob know Nima? Why was he hanging out with him at two in the morning? All of us were just like, who? Who is this guy? These questions opened a window into a subculture that Bob inhabited. a realm of casual sex, recreational drug use, and hard partying.

38:45I started to piece things together and started kind of wondering, Millennium apartment, oh wait, I picked up Bob from some chick's apartment at the Millennium Tower once. The story that emerged after Momeni was charged was far more complicated than the initial speculation.

39:05On the next episode, who is the supposed tech executive Nima Momeni? Why would he want to kill Bob Lee? And what was the cost of pushing a narrative that was so off the mark? That's next time on Foundry.

39:24Foundry is reported, hosted, and executive produced by me, Sean Nguyen. Eric Masitsi's Menel produced our show Bart Warshaw is our audio engineer Our story editors are Joshua Brustein, Tom Giles, Anne Vandermeer, and Nicole Beamster-Bower Special thanks to Peter Bloomberg, Jana Nodler, and Brad Stone Be sure to subscribe, and if you like our show, leave a review Most importantly, tell your friends See you next time

40:16We'll see you next time.

40:29managing risk becomes an ongoing discipline. At the Hartford, the focus is on helping businesses manage risk before it turns into something more disruptive. And when losses do happen, that work is paired with insurance coverage shaped by years of underwriting, risk engineering, and claims experience. Learn more at thehartford.com slash risk mitigation. Policies provided by Hartford Fire Insurance Company and its property and casualty affiliates, Hartford, Connecticut.

From the publisher

The Killing of Bob Lee, Part 1: San Francisco Has Blood On Its Hands

Three years ago, Bob Lee, a tech executive famous for creating Cash App, was found stabbed in San Francisco. His killing set off a wave of online fury. Reporter Shawn Wen takes us back to the turbulent days before his killer was arrested, when misinformation and rumors ran rampant. Several tech industry leaders decried violent crime in San Francisco, including David Sacks, who “bet dollars to dimes” that Lee was stabbed by “a psychotic homeless person,” and Elon Musk, who called the city “horrific.” 

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