In short
```markdown This Week in Startups - Episode E2101 Summary
Podcast Title: This Week in Startups Episode Title: Fact-Checking Mark Rober, and the Fall of TechCrunch Release Date: [Insert Date]
---
Episode Overview
In this episode of *This Week in Startups*, Jason Calacanis, Alex Wilhelm, and Lon Harris delve into various topics, including a founder's dilemma about equity, a fact-checking incident involving YouTuber Mark Rober, and the recent sale of TechCrunch. The discussions highlight critical issues in startup culture, equity distribution, and the state of tech journalism.
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Key Topics Discussed
- Founder Dilemma on Equity
- Scenario:
- A technical founder built 100% of a product but is being pushed out and offered less equity than non-technical co-founders.
- He claims to still own the IP rights of the codebase.
- Advice:
- Documentation: Emphasized the importance of having clear agreements and contracts in place from the beginning.
- Negotiation: Suggests that the founder should negotiate for fair co-founder equity or consider leaving if not valued appropriately.
- Emotional Readiness: The founder must be emotionally prepared for potential confrontation and possible outcomes.
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- Mark Rober's Viral Tesla Test
- Background:
- Mark Rober, a former NASA scientist turned YouTuber, conducted a viral experiment with Tesla's self-driving technology that faced scrutiny.
- Fact-Checking Incident:
- Smaller YouTuber Kyle Paul replicated part of Rober's experiment, revealing potential flaws in Rober's original test.
- The episode discusses the impact of public experimentation and accountability in influencer content.
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- The Sale of TechCrunch
- Details:
- TechCrunch was sold to a company called Regent, leading to discussions about the future of tech media.
- Concerns raised about potential layoffs and the direction of TechCrunch under new ownership.
- Media Landscape:
- Discussion on the shifting landscape of tech journalism, the importance of original reporting, and the rise of subscription models in media.
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Key Takeaways
- Importance of Written Agreements:
- Founders should have clear and legally binding agreements to protect their contributions and equity rights.
- Public Accountability:
- Influencers and creators are increasingly held accountable for their content, fostering a culture of fact-checking and transparency.
- Future of Tech Journalism:
- As media outlets are sold or face layoffs, the sustainability of tech journalism is questioned, emphasizing a shift towards subscription models.
- Emotional Well-Being in Startups:
- The discussions reflect a broader conversation about joy, personal fulfillment, and the importance of relationships in the tech and startup world.
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Conclusion
This episode provides valuable insights into the challenges faced by founders regarding equity distribution, the responsibility of creators to ensure factual content, and the evolving landscape of tech journalism. The conversations urge listeners to prioritize agreements and transparency while fostering a culture of accountability in the tech industry.
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Additional Resources
- Follow the hosts:
- [Jason Calacanis on Twitter](https://twitter.com/Jason)
- [Alex Wilhelm on LinkedIn](https://www.linkedin.com/in/alexwilhelm/)
- Check out the TWiST500 newsletter: [TWiST500](https://ticker.thisweekinstartups.com)
- Subscribe to This Week in Startups: [Apple Podcasts](https://rb.gy/v19fcp)
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*Note: This is a summary and interpretation of the podcast episode. For complete context, listen to the full episode [here](#).* ```
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Transcript
Automatic transcript. May contain errors.0:00tech wrench just got sold to a group company called regent that dropped out of the sky no one saw that coming like all these things it's probably an seo play i'm guessing it's a fire sale and seo plan they're going to cut two thirds of the writers and uh game over what do you think alex i adversarial uh you can have an opinion no i i i mean i'm this is one of those times that i'm so conflicted it's hard to hard to be clear-headed i mean i love so many people that we like to yeah we this is like this is where you could actually uh you know earn your bones here just let it rip okay i think the people complaining that the media isn't sufficiently nice to tech are a bunch of whiners and they should go sit upon their thrones of gold and stop coveting about people who make one thousandth of their income this week in startups is brought to you by atlassian from mvp to ipo atlassian for startups provides your team the right tools to plan track and collaborate on work head to atlassian.com slash software slash startups to see if you qualify for 50 free seats for 12 months.
1:01Fidelity Private Shares. If you want an all-in-one equity management platform, Fidelity Private Shares has you covered. Visit fidelityprivateshares.com. Mention this podcast for 20 % off your first year subscription. And Lemon.io. Get access to Lemon Hire, a platform with more than 80 ,000 pre-vetted engineers that you can interview within 48 hours. Get$2 ,000 off your first hire at Lemon.io slash hire today. All right, everybody. Welcome back to This Week in Startups. We go live Monday, Wednesday, day and friday typically at noon but uh i gotta get out on that ski mountain with my two daughters it's the end of the season uh looks like we're overcast we might get some flurries uh yesterday was my 30th day i set a goal just when my friend tony shade i you met tony i think maybe i have met tony a couple times yeah yeah yeah it was one of my good friends and um he passed away and uh he was a great guy he was a really good human being he created a company called zappos and for that link exchange.
1:58It's one of the most generous people I've ever met in my life. You remember he had that, he owned a bunch of buildings in downtown Las Vegas that he was going to make into sort of this new tech hub. And when what's trending, when we would go down there to cover CES, he would let us stay there and he took really good care of us. He was a really nice guy. Did you stay at the apartment building he had or did you stay at the, okay. No, he had a nicer place too. We stayed at, yeah, he had like apartment buildings and condos for people who were working on those tech companies around there. And he just let us stay there for, I think for free.
2:25Yeah, he would do that. Again, back to this crazy generosity that Tony Shea had. And people have been asking, why are you so obsessed with trying to hit a certain number of days? You know, he had some sadness in him. You know, he had the depression, I think, and the anxiety. And no amount of money cures that. You know, like, you can become a billionaire, and sometimes it can make it worse. And I just wanted to start the show just talking a little bit about him for a second with Yohan. She got to meet him. I would go to Vegas and, you know, I kind of made my bones already. And, you know, I knew people in Vegas, they would give me free rooms, you know, a very nice hotel sometimes or upgrade me to suites.
3:05And I would go there and I would never stay there because he would invite me to stay in a trailer park with him. And some of my fondest memories in life were going and staying in those trailer parks. And then I would get back from CES stuff or meetings or poker tournaments, whatever it was. and uh it'll be 1 a.m and he would come out of his trailer he's a billionaire he's staying in an airstream and he'd knock on my door i heard you come in i was waiting just in case you came back this is a guy who's a billionaire 1 a.m i come out we'd sit by a fire pit and we talked for two hours it's just incredible yeah and one time in a poker game and i'm going to tell the story in a documentary my friend is playing uh is making if ever comes out um and he uh we're playing it's it's somewhat high stakes but not like millions of dollars but tens of thousands of dollars are on the table and wow you know it's i mean it's high stakes you know trust me for a kid from brooklyn when i'm in a 10 20 30 000 pot my it does make me think for a second i have to actually remember that like that number doesn't impact me now but you know that's the thing about high stakes it's meant to make you consider your behavior because your blood will flow if there's a tesla in the pot or as i tell people win a prius lose a prius i said famously at chermatt's game and that always stuck uh and uh he didn't care about money he wins his pot and he had you know had a couple of pops and it was late you know it's early morning poker game and you know he needed to go to bed and so i'm trying to get him to go to bed um and we have this like final hand and i i had you know uh a full house and somebody else you know has a straight and then he turns over in this thirty thousand dollar pot i kid you not a straight flush uh you know really great hand in poker one of the best and he's like and i'm like okay we're gonna count your money you're going to bed we count his money it's you know he's got over thirty thousand dollars a prius and uh he uh says to me you take spend it you know on your daughters whatever i said no no tony tony you can't take your money just you won the money if i had won it you would pay me and if this person in the hands had won it they would get paid right this is just how the nature of poker is right we we don't feel bad afterwards we all sat down at the table scandalous um and he's insistent and he's had a couple drinks and he's he's not being belligerent but he's being insistent that he will not take the money i'm trying to get him to bed he says i've refused to take this money it's like game is stopped there's 20 there's two tables going there's 20 people in the room now it's becoming a bit of a thing and he says you take he pushes 30 000 to the dealer the dealer looks at me and i do a big sigh and i think um you know these are well-paid dealers these are my dealers yeah yeah these are my dealers they get professional vegas dealers they're they're getting these are the ones who play in home games who can handle certain types of situations that only happen in home games things happen sometimes somebody has a little too much to drink somebody somebody maybe throws cards at a dealer sometimes a you know a situation can happen accusation i mean yeah well this is their career they don't want to risk their whole reputation on one thirty thousand dollar pot like word gets out hey this dealer steals pots you know yeah yeah so this is a yeah but even beyond that there you know anyway just have this moment this will be one of the greatest stories of all time you know how i have my moments like i just and i have one of these moments in my mind where i'm like my timing and i just said uh this is like one of the greatest moments of all time and uh i look at him i look at the dealer now the other dealer for the other tables watching now too because the whole room is stopped and they're both looking at and there's a third dealer to rotate in so we have three dealers so at least you're going to get 10 times each.
7:01And this is 15. Yeah, they're right. They're thinking we're splitting this three ways. And they're also thinking, J. Cal's not going to let him do this. They don't want to make their money that way. You know, guys have too much to drink. Exactly. And I look at him. I look at them. And I said, okay. And the dealers are like, no, no, we can't accept it. And I look at the dealers and I say, it's okay. He can afford it. And he's like, that's right, I can afford it. And he goes to bed. It's a few hundred. I take the dealers. There's a Zappos, you know. I take the dealers. I give them their 10K. Wow.
7:32It's the greatest night of their lives. That's a huge night. That story was told every poker game around the world. Legendary poker story for 15 years. And it gave Tony so much joy because he didn't even remember he did it. He was barely with us. He was drinking, having fun. And that story's been told thousands of times since he passed away. And I just told myself, it was a long story, but I told myself, as we warm up in the audience here. You know, when he passed away, I was talking to some friends about it. You know, he said he always just wanted to have more fun, specifically with you, J-Cal.
8:11He wanted to hang out and have more fun. I just thought to myself, you know what, that's a good operating system. I'm going to try to have a little more joy and a little more fun in my life. Yeah, that's what matters. The one thing I do that inevitably makes me joy of fun is when I do a podcast, especially with you, Lon. I love doing it. We've been together for many years. That's a kind thing to say. and uh you know i'm super excited we're going to spend more time together but at the end of your life all these chip sacks uh you know and other victories and things they don't really get remembered all that much what gets remembered is the funny times you have with your friends exactly and the joy you have and i gotta tell you on this mountain or when i'm in the second my friend laughing it up skiing like i did this year all those moments they just add up to like all this incredible joy in my life so i just set joy goals and the only joy goal i set is just that getting out there on the mountain with my daughters and friends and and then making funny podcasts for you all to listen to maybe learn something during them i feel like at the end of your life you're not going to look back and be like oh if only it was one more deal if only i had made one more big deal one more robin hood one more time one more uber you do those in order to fund and allow for the fun parts the the social parts the parts with family and friends exactly exactly so anyway that's Lest anybody think I'm just like retired and ski all the time.
9:24I just go out for two hours, 40 days a year. It's 80 hours of my life. And I just am trying to hit 41 days. And this will be day 31. Saturday, Sunday will make it day 33. So I'm within seven days of tying my record, eight days of breaking it or so. We'll see if it happens. If it happens, it happens. If it doesn't, it doesn't. Maybe I have to go to New Zealand at some point. It's a goal. You know, you put a goal out there. It's a goal. You know, yeah. All right. If you're shipping a product or rolling out an update, you're building a company, You need to be organized, right? We know that. Atlassian has exactly what you need to streamline your work and smash your goals.
9:56And the Atlassian for Startups program is packed with all the tools you need, like Jira, where you can track every task, sprint, and bug. That's the industry standard. Confluence, another industry standard for team collaboration and documentation. And of course, Loom for quick video explainer creation. Now, Loom is really brilliant. My team started using Loom on their own. They started paying for it on their own. Why? They wanted to get credit on the investment team for communicating to me, the general partner of the firm, why they wanted to invest in a company. So they would do a loom where they recorded over a recording of an interview they did with a founder or visiting their website and going through why they want to invest in a company.
10:38And this was so great for me. I would be skiing in Japan. I would be on a flight to New York to see my parents. And all of a sudden I get a notification from one of my team members. Hey, watch this loom. And I get the link for the loom. I click it and then I can put comments at any time. So it's like doing a conference call, but on my time asynchronously. And I can communicate right there on the video. Also included in Atlassian for startups is Compass, Jira Product Discovery, Bitbucket, so much more, all powered by Atlassian Intelligence. That's their built-in AI. Atlassian software helps companies like Canva, Cloudflare, and Rivian keep growing and keep innovating.
11:14Whether you're brainstorming on sticky notes or scaling to the big leads, Atlassian is here to accelerate your startup's growth. Check out Atlassian for startups where eligible startups get up to 50 seats for free for one full year. That is absurdly generous. Why can they be so generous at Atlassian? Because they're the standard. Atlassian is the standard. And they are generous to startups because they were once a startup. I remember meeting them 20 years ago in Australia. What a great company. Head to Atlassian.com slash startups slash twist for complete details. All right. I wanted to start the show today with you.
11:48And, you know, as we get into a rhythm with you and Alex here, we had a explosive show on Wednesday. A lot of, you know, back and forth. It was a lot of emotions going on. We're going to do a follow up on that story. But I really want to get the show really focused on founder stories. One of the great places we find founders talking is Reddit and sometimes on Hacker News. Yeah. Hacker News. Good discussions. shout out to paul graham for creating that or whoever created it whoever create hacker news great job by the way they never changed it reddit never changed yeah they just focused on the community there's something really special about that as we're designing the new inside app we have to keep that in mind don't change things just make it work and then focus on the community i find hacker news very comforting it hasn't changed in so long you can always go there it's it's it's exactly the same as it ever was and so little of the internet is like that everything changes all the time i find i know paul graham created it one of my friends like Paul Graham created.
12:40I know Paul Graham created it, but he wasn't the one who wrote the code, I don't think. I think there was specifically a person who did it, and I think there's an open source version of it, which is really interesting. There was a time when everybody thought there would be like a thousand hacker news. Anyway, putting it aside, we find really good stories there. Why do we find good stories there? If we ask people for stories, a lot of times when they pitch us a question here for me, those stories are not authentic. They're like packaged from backdoor promotions. It gets a little annoying for me.
13:05But I told Lon, just hang out there see what's going on with the vibes on reddit um we have a this week in startups one where people are talking about stuff entrepreneurs startups there's a bunch of different places people talking about business so that's a lot to surprise me with conversations there and then we i want him to round trip them well let's go with our first uh question you found on one of these yeah we'll go find the hard ones let's work backwards from heart yeah i'm trying to find questions where there's like multi-stages or it's a little specific or something that you can really speak to.
13:34There's a lot of general questions and I skipped them. Question one, let's start with question one, Court. This is a technical founder. They say they're in need of a reality check. This comes from user James Calhoun 2 in Reddit's startups community. I'll summarize. They are a technical founder. They built 100 % of their company's product on their own. It was not their idea. They have a co-founder slash CEO. It was that person's idea. They then built it entirely themselves. Now, this CTO says he was promised equity by the non-technical founders. But now that the product is built, the plans keep shifting and changing.
14:12And he finds that he's being offered a lot less equity than his other partners who did not build the project. They're also now telling him that he's, quote, not founder material, and he needs to, quote, acknowledge the CEO's leadership. One more factoid. He claims that he still owns the IP rights of the code base as leverage. So what should he do? And I think the even bigger question for you is what could founders do to avoid ever having this problem down the road? Sure. So before you start any project, you should document the arrangement. If you are the idea person, the business person with the idea, you're going to want to give what's called a work for hire contract to anybody who works for you.
15:00And you pay them a salary in exchange for that. So I own This Week in Startups. Lon is an employee of mine, well-paid, well-trusted, and adored employee. He has signed an IP assignment when he comes to workers. Same with Alex. And they sign this thing that says, hey, you don't own this week of startups. Jcal does. Now, they don't expect to own it, et cetera. But if the three of us got together on a weekend and I said, hey, let's do a pod. It's going to be called three dudes talk about, you know, movies. You would probably want to say, here's the arrangement. I came up with the name of the show.
15:34I came up with the IP and everybody works for me. I know this because this is what happened with All In. I ran All In out of my company here. two years into it, it went from being like a J-Cal production where it was one of my employees doing it. I paid for everything. They showed up to becoming a company. We formalized it. It was a little bit of a negotiation. We had a little hand wringing and it's always uncomfortable. Whose value is more, et cetera. We wound up in the all-in situation just saying, hey, there's four of us. I just said to everybody, listen, if everybody shows up every week, four people will do 25 % each.
16:10If you want me to be the CEO of it, I'll take a little more equity. They didn't. They wanted to hire a CEO. I was like, that's fine. And you know what? Worked out great. There's a CEO. Company makes a ton of money. All I have to do is show up and do that. If we had done it earlier, it would have been less negotiation and time consuming. So you always want to do that in advance. In this case, the mistake the CEO of this company made, apparently, is if he didn't pay this person, then that person does own the idea. He does own what he created. And it was created on his laptop. Now, if you're creating on my laptop that Launch gave you and you signed an IP assignment, then when it went to a judge or whatever, if it ever got there, which it never would, your lawyer wouldn't take the case.
16:51They'd be like, you don't have a case here, kid. You got paid a salary, signed an IP assignment, case closed. So they did this wrong. Now they have to have a hard conversation. These guys are insulting him. They don't value him. He's going to have to establish his value with them. And the way he's going to have to establish his value is by having an attorney, giving the attorney a thousand dollar retainer and paying them four or five hundred bucks an hour. And it might get up to 10 hours and this is going to be messy. And that attorney has to say, listen, my client, you know, and that's going to probably make the whole relationship toxic, right?
17:24Because now they're they've got to get an attorney. So if all of them watch this and they understand that this whole situation is going to implode because nobody wants to spend and do a legal battle over this is probably not that much at stake. I think what the folks who are running the company have to determine is, is this person, do they actually mean what they're saying when they say he's not founder material? Because apparently he is, because they picked him. That's like picking a spouse, Lon, and being like, you're not really a great husband material. It's like, but you picked me. So what are we talking about here?
17:55What does it say about you? Are you also partner material? If you pick me and then you're deriding me as not founder, you ever meet that couple at a dinner party? Yes. Who hate each other and you're like, why'd you pick each other? Why are you still together? You're both opting into this. So I think what they have to do is sit down and he has to just say, listen, I want to be a co-founder. I have a lot. You may not think I do, but you picked me. And so I want to be an equal co-founder. And I want to build with you for five years. And the way we do that is we put ourselves on a five-year vest. If anybody has to leave, it gets advanced one year, let's say.
18:32So, you know, if the two of them gang up on a farm day one, he gets a plus a year, right? So that stings a little bit. So they have to decide, oh my God, if we're each getting 33%, divide that by, let's say four. And it's typically a four-year vest, but I like the five-year vest for co-founders. That's 8%. They got to just give him 8 % of the company, plus whatever he earned already. Maybe they've been doing this for a year. He has 16 % of the company. It's like, it kind of stings, right? And it's supposed to sting. It's supposed to sting because there's something at value here. and there's a long line of people who left youtube snapchat early and they got equity chunks for you know the other parties might say not doing anything but in reality they did do something they did obviously contribute so he's going to just have to be prepared emotionally to not continue on with them this would be my advice to them if they were like my sibling i tell them you want to be equal founders or nothing or i need to have this percentage whatever the percentage you think you deserve it.
19:26I want 25%. You two can split 75%. I agree. I'm not like a CEO. I'm a CTO. That's what I think is fair. If you guys want to pay me 25%, great. I want to get paid 80 % of whatever dollars you get paid. I want to get 80 % of whatever equity you have. I agree. You have more experience. I think I'm 80 % as good as you guys. And that's going to be my contribution over four years. Take it or leave it. If not, you can buy this code base for me, or I'm going to go do my own thing because we don't have an agreement. That's it. And he's got to be hardcore and believe what he's saying. And he's got to emotionally be ready to lead.
20:01I think that's the thing is, yeah, it's probably a little bit emotional. He built this thing. He doesn't want to leave it by, but that's the only way to make the deal is be ready to walk away. This advertisement is paid by Fidelity Private Shares. All right, founders, we all know, cap tables, due diligence, and of course, managing investors is a huge headache. But there's a very simple solution for you. Today, we're talking with Kristen Kraft, an old friend of mine, and she works at Fidelity Private Shares, a new group over at Fidelity. You've heard of Fidelity before, and they have a mission to help startups simplify equity management.
20:37They're going to save you money. They're going to give you better service. Welcome to the program, Kristen. Thank you so much, Jason. It's great to see you again. Yeah, great to see you as well. Maybe just from a product perspective, what are you trying to accomplish with the product? So Jason, we are super excited about our cap table management and data room platform. We want to make it super simple for founders and startup operators to manage all sort of ownership and equity in the company and essentially prepare to raise. We want to make sure that everybody goes into these fundraising conversations well prepared.
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21:45once again fidelityprivateshares.com and tell them that you heard about it here on this week in startups uh great great fine there and um if the person wants to email me anytime i'm happy to yeah i'm gonna go leave this as a comment on there once the video goes up and i'll let them know one more question uh this one comes from i found a new subreddit that i really like founders hub it's a just community of founders uh knocking ideas around joining each other's companies a really nice little reddit community maybe our first caller should join that community maybe they should they definitely should uh so this one comes from a big brainy is the user's name on reddit they are building a tracker for founders who are building their startups publicly so the idea is you're you can track your progress and failures you turn the process of building your product into early marketing for your company yes and you're getting real-time feedback from potential users while you're still in building mode.
22:42The system even nudges founders to log their growth, track what they're working on, and release new updates once every 15 days. So my question is to you, are you interested in this? Do you think this is a useful tool? And what are the pluses, negatives of building your product in public rather than stealth? If you build your product in public, it's obviously giving intelligence over to potential competitors. The truth is, potential competitors are going to watch you like a hawk anyway, in this build in public movement, you will get great ideas. You will get new employees and you will get new customers.
23:17You will also educate people on what your plans are. So be thoughtful in how you do it. It's one thing to be like, hey, here's the new version coming and we have three features. What order do you want to see us release these features? Or, hey, here's what I built. I was vibe coding. Pull up Fresh, who used to work for me, his Twitter handle, and you will see him vibe coding this weekend he was making some sort of like a 1990s retro you know health app and he builds in public and he's you know he worked for me for like seven years great great great employee uh and team member here but he wanted to go be an entrepreneur so i let him go do that and i actually backed it so he's doing this sun seek it helps you improve uh he's building apps to help you uh be healthier whole plunge app sun seek getting sun and you know he puts some he's into apple watches and all that stuff and if you scroll down you'll just see in his feed uh if you scroll down him building like different pieces of software and showing it so he was vibe coding this week and he was bringing this like he made a uh a mac retro runner app right yeah and so now what has he done with this and i'm not sure what this app was called um looks like retro run yeah so you know it's like it literally is using the original mac os look and feel to you know make a running app like run keeper or strava i guess track your track your runs and your roots and whatever i think that's what it's doing yeah so now like let's say like this is actually a killer idea people can go steal the idea oh maybe people want to have that retro i'll add it to airbnb we'll have a retro thing and you can switch your interface to retro uh if you like um so you know but how many views and how many replies and how many followers did he get on that tweet let's let's take a look at it here um you know most people get like when i see people like dunking on me and quote retweeting me i look at how many views they have they have 10 and i'm like i bet you six of them so now he's got 281 people who saw this and he got one reply he got two likes so this one didn't break out for him yet no but if you look at some of his other posts like his pin tweet or whatever he might have thousands of people doing that and then there's like some building public um communities where they kind of help each other so i think it's great um i wouldn't ever share things that are really great growth hacks on it i wouldn't share like really important news on it some people are too filled in public um and uh but for other people it gets them a ton of advice we had another company i think it was jenny ai you can pull up jenny ai um and they were literally releasing their revenue and now they're sort of making millions of dollars so people were like really tracking Jenny with a J AI.
25:55Yeah, I found it, Jenny AI. Yeah. And if you look at the founder, you know, he was literally sharing and some of these folks take it real serious. They share their revenue. They have a bad quarter. They're sharing their bad quarter. I mean, I prefer this to not having product velocity. I think this lights a fire under people on your team and it makes it exciting for certain people who feed off the energy of a crowd. Great. So this is like being a comedian who writes a series at home and never talks to anybody as introverted versus somebody who goes and, you know, does stand up or host a live talk show or something, you know, like some people feed off the energy of the crowd.
26:33Some people like to work quietly in the laboratory. Viva la difference. All that matters is you're building a great product. You're obsessed about product, team, product, customer, team, product, customer. You have to be obsessed with those three things. This helps your product get better. It helps you build a team and it finds your customers fast so under my rubric of three things matter and startups team product customer uh and if you're focusing on anything other than those three you got to ask yourself like why am i focused on this right now you know like accounting or legal like yeah sometimes you have to do chores but you really got to get back to the big three and also anybody wants to ask a question that gets on the show you can post it on reddit or hacker news but you could also send it to me on twitter at uh twi i'm sorry at twi startups you could also send it to us post it on our reddit we'll find it if you send it to us are open right on the yeah yeah feel free reach out ask us questions all right what's in the news line let's get to some news stories here we got a little plug in there for founder university do you want to we could bring in alex and talk about i know he was working on the docket let's get in the news here and i'm sure we can end up the first hey alex how we doing there he is hey i am doing fantastically i uh it's weird to sit backstage because i'm always like oh i want to jump in and then i'm like dude you no one can hear you shut up so it doesn't matter this is like the fun of it well well we our cup runneth over now and we have plenty of uh we keep adding resources to the show to make the show better and some of these stories are complex we did a complex story monday and wednesday which is a youtuber who set up a series of experiments.
28:06It's quite controversial. Maybe you could catch us up on Mark Rober, Rober, Mark Rober, NASA scientist, former, former NASA scientist with an incredible YouTube channel where he runs experiments. This one, this experiment might have blown up in his lap and people are replicating it. We'll see. Let's see where we're at. Yes, absolutely. People are replicating it and people with much smaller accounts. So today we're going to talk about a guy named Kyle Paul. He runs a YouTube channel. It has a grand total of 2009 subscribers. Shout out Kyle for having to start. He's had a couple of videos out, Jason.
28:41They mostly do 5 ,000, 6 ,000 views. And then most recently he replicated part of the Mark Rober Tesla test. He didn't do the fog. He didn't do the water. What he did was the Looney Tunes wall to see what he could get from the tests. So this video did 145 ,000 views in less than 20 hours. people are definitely talking about it and it goes through and answers some of the questions people had about the original video. So in this case, he runs a Model Y with full self-driving and we're going to show that clip in a second. And then later on, Jason, he also breaks out a cyber truck, which has the newer self-driving hardware in it.
29:14I believe it's a version four and we'll take a look at that, but let's start with a video of a Model Y. And this is a 2022 and 22 Model Y with hardware 3, and FSD turned on, going towards a Looney Tunes wall that Kyle Paul, this YouTuber, put together. And to be clear, this is, in the Mark video, Robler? Robler. R-O-B-E-R. Robler. Mark Robler's video, he used autopilot, a different technology than FSD. That was the original sin, I think, of the video. Here, we're correcting the original sin and using FSD, full self-driving, which uses um you know different pieces of the technology let's see what happens does he run into the looney tunes wall which is a wall that perfectly replicates what's behind it to try to trick cameras and as i said humans would be tricked by this in some cases too uh if they're not paying attention but let's see what happens i'm interested to see all right here is one of the takes not touching the wheel vehicle doesn't want to go much faster than 30 one currently does not see the wall does not see the wall does not see the wall and he breaks okay he breaks and people did say why didn't you just go through it it turns out there's I think a U-Haul on the other side so if he went through it it would be a collision just to be clear he ran this test with the Model Y Jason I think three separate times he had to apply the brakes manually each time so I think that goes to show that for the 2022 using fsd and hardware 3 it will not catch this particular uh scenario if it ever comes up in your life but i'm curious jason your take on the quality of the experimenter it looks like a pretty good experiment because if that was a human being who was paying partial attention there is a chance one out of 50 one out of 100 would go through the wall if they were you know, applying their lipstick, changing the radio station, putting in navigation, you know, advancing their podcast, whatever it is.
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32:03They're only going to offer you handpicked developers with at least three years of experience. And if something goes wrong, Lemon.io will find you a replacement developer ASAP. A bunch of launch founders have worked with Lemon.io and they have told me they've had a great experience. So here's your call to action. Go to Lemon.io slash twist and find your perfect developer or an entire tech team in 48 hours or less. And twist listeners get 15 % off the first four weeks. So stop burning money. Hire developers smarter. Visit lemon.io slash twist. I do think that this test, a certain percentage of humans would fail and FSD on hardware three, which is what I have, is a distinctly different experience than hardware four.
32:48Yes. So much so that I believe in the last, I know in the last Tesla call and somebody can fact check me if I'm if I'm wrong here, Elon said he was probably going to have to upgrade hardware three to hardware four. Yep. And they were going to do that for free if FSD couldn't do stuff. And they had hinted at that the call before it. And then I have I can remember him sort of casually mentioning that. And I remember people at Tesla talking about there's a big jump in the hardware between three and four. I think that it's pretty clear. I'm going to go ahead and guess hardware four gets it right. hardware three doesn't let's take a look all right so next up here we have a cybertruck so a much more recent vehicle than 2022 running hardware for running fsd and uh two quick notes for folks out there who want to get into the nitty-gritty here uh kyle actually did have the cameraman zoom in to show the actual version number of fsd so you can get down to the absolute release date if you want anyways here is the cybertruck running the same test a little bit later in the day and we'll go back to that in just a second all right we are in a cyber truck full self-driving computer four full self-driving version 13.2.8 we have full self-driving turned on ready go
34:06that sounds like a slowdown to me it's making that millennium falcon light slowdown sound yep and that's a stop yep so i think that that shows that at least a little bit later in the day the tesla cybertruck did a great job stopped early stopped very calmly didn't slam on the brakes the last minute some people have said and we are in the business here of kind of poking holes at things that it was so much later in the day that the actual outline of the image on the wall might be more visible that said i would have more stock in that if it had been more of a chaotic stop but given how confident the cyber truck was i do think that if you are in a cyber truck you will not go through a looney tunes wall while using fsd it's a meaningless test this will never happen in the real world it's super entertaining for us and the overall picture here alan is that the looney tunes test is the stupidest test but the most but the most entertaining and so um i i I think we're entering the phase of self-driving and autonomy where we're coming up with insane tests because having it stay in the lane and having it stop before a bicycle goes across it, we know it's going to do that 100 % of the time.
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35:20So congratulations, humanity, Tesla, Waymo, everybody in between who's making self-driving technology, people who are making braking technology. Less people are going to die. If you die in a car crash, it's not going to be from a Looney Tunes wall. It's going to be because you decided to drink and drive. You decided to be a distracted driver. You decided to not engage self-driving technology. Big picture here, FSD, you know, putting Tesla aside, I'll just say full self-driving level four, level two, three, for driving it's here it works 80 90 95 of miles flawlessly we got work to do on the last five percent and the last five percent lawn has nothing to do with the looney tunes test so i want all these people to get back to work on better tests come up with some better tests the better test is instruction zone so if these guys really want to go at it i can tell you when my hardware three Model Y fails.
36:23It fails on 290 in Austin, which is under massive construction. Literally every time I take that goddamn highway, they have moved the cones around. It doesn't match the maps. Waymo, Tesla, Zoox. Ain't nobody going to get that right in Texas. I can tell you that, y 'all. Lon, your thoughts. Yeah. I mean, the one thing I was going to say is I do think this reinforces some things we were saying about the original Mark Rober video, which is this is YouTube. This This is for entertainment purposes. I don't I think I think everybody watching this who was expecting or anticipating and I'm not blaming them.
36:58But the people are watching this who are expecting engineering and scientific scrutiny in these perfectly variable free experiments. It's it's a it's a YouTube video. The goal was something clicky that's going to be visually fun, not something that's really going to prove autopilot versus full self-driving like the roadrunner test is for fun. yeah but i do like that people can get out there and run their own experiments and publish it like there's something very homebrew about that that i that i really do appreciate and so i want i want this kyle guy to do the uh the fog and the and the hose videos as well and i'll tell you right now if he does that i will donate immediately a hundred dollars to it so crowdsource the tests let people pay you to do the tests in aggregate don't take money from any specific person who has computing technology, just so we don't have any more muddying the waters with friends, etc.
37:50Please. And what this is, now that we've gotten through three conversations about it, we have some of the most important things. Self-driving works. It works most of the time. Entertainment works. People are entertainers. And then also, if you are a NASA scientist, the expectation is for you to do NASA-based experiments. And this is running into a passionate group of people who know the technology better than Mark did. So while Mark might, in a NASA experiment, do really well, what he learned here, his lesson is, okay, no appearance of impropriety because people will find it. All the receipts are on the internet.
38:32Putting that aside, we'll assume good faith there. The second piece is he has to understand there are people every day who obsess over the version numbers of FSD. And all they do is release specifically the test as FSD, because it's out there, you know, being beta tested with beta testers who have to remain vigilant. They, they are recording and publishing, I would say hundreds of these videos per week. He does one experiment, their collective knowledge is so much greater than his. That would be like me coming out and putting out like a chess video here explaining my chess opening like have you not looked at the internet and seen that people are playing live chess on twitch on tiktok and these people have ratings of 2000 and their grandmasters doing every move like i come in and i'm like hey check out my new chess move it's like dude you're rated 900 it's on a good day he's in he's a 900 chess player going up against the grandmasters of fsd who are going to run laps around him.
39:36He should have known this going in. Let's do more experiments. I'm actually asking the community right now, come up with the rest of the experiments. We'll donate to it. In fact, if somebody can make these experiments, I would pay them to do it for this week in startups. So if this guy wants to do a couple more, we'll release them here on the channel. Sure. And we'll come up with new ones. And I don't want to just do it for Tesla. Do it for every brand. Let's get an Audi with the self-driving in there. Run four cars against it. Why isn't Car and Driver doing this? like do you understand car and driver like how many videos you would get how many views you would get if you took all 10 of your top 10 cars from last year from the corvette to the prius and everything in between even lawns prius c rated two of ten like it's great let's get the great car to drive after a war so anyway let's move on to the next news story what else you got in the news alex uh so a couple things one tech wrench just got sold to a group company called regent that dropped out of the sky no one saw that coming um this is selling gadget as well i do not know we only know about region but we also know that region bought foundry last week which was like pc mag and so forth so something akin to a roll up here this happened literally right before we jumped on i have a bunch of texts from former colleagues that i need to go read jason but i think people who listen to the show and watch it probably are tech crunch readers as well so they might care that it's being sold uh details to come but probably not a great sign jason you've you've done more media mna than i've done it's an investment firm regent um you know tech crunch probably makes 20 30 million a year because of the events but it's kind of i mean i don't want to be rude here but without a like a top leader in it it's it's wayne there's no alex there there's no michael errington there's no jason calacanis there's no peter rojas you know in order to have these you need to have like a person who actually runs it uh oh yahoo retained ownership to engage it so that was the one i sold them um so sounds like they want a tech crunch um i don't know who region is i actually had told jim lanzone if you ever wanted to sell tech crunch to let me know or engage it i would buy them shout out to my friend lanzone for not calling me jim thanks jim uh but good luck it looks like region owns ec world mac world and tech advisor so this is going to join a suite of tech news sites that they already have and i'm sure they're willing to invest and double down and bring the brand back to its former glory i'm sure that's the plan yeah like all these things it's probably an seo play um and uh i'm guessing it's a fire sale and seo plan they're going to cut two thirds of the writers and uh game over and actually if they own pc world mac world info world cao tech advisor all those other publications i'm reading here that they own they're going to play it straight and tech crunch has become quite lefty dare i say i think you might agree um and it started to dip into the sort of like holding truth to power anti-tech kind of space alex i think um which made it not popular amongst uh my crowd you know the um the the vcs and the ceos haven't exactly liked tech crunch is kind of woke position over the last couple years what do you think alex is adversarial uh you can have an opinion no i i i mean i'm this is one of those times that i'm so conflicted it's hard to hard to be clear-headed i mean i love so many people there we like to yeah we this is like this is where you could actually uh you know earn your bones here just let it rip okay i think the people complain that the media isn't sufficiently nice to tech are a bunch of whiners and they should go sit upon their thrones of gold and stop conventioning about people who make one one thousandth of their income also like keep in mind how how the market is set up i mean there is more people working in pr just in san francisco for tech companies than tech crunch has ever had ever worked for a period historically added together and um i think i think to make tech better what you should do is you should quadruple the staff not not cut it by two thirds i think if this ends up being the fire sale seo play that you're describing jason it'll be an enormous loss.
43:41And also, I feel sorry for all the LLM companies, because as media continues to get gutted, there's going to be less and less stuff for them to ingest. So this is bad personally, bad, I think, for the industry and bad, I would say, for the future as well. Doesn't make me happy. Maybe I'm wrong. I would love to be wrong. All these brands now are just like SEO, you know, click fodder. They all like, you know, all the old Gawker brands, et cetera. they just get bought for pennies on the dollar people just extract all the money out of them they don't invest in them the people who write for them could be in a foreign country just writing like you know regurgitated articles the only people really you know the future of the industry is subscriptions um and sub stacks beehive ghost all those platforms we use beehive a partner of ours um really great platform if you don't want to have to pay the 10 vig uh you just want to pay like a SaaS product as opposed to giving all your revenue over.
44:38The information, I think, New York Times, the subscription-based model is clearly the only sustainable one now. Once you start trying to get advertising going, with the exception of podcasts, for written words, you know, for written words, it doesn't work anymore. The reason it works for podcasts is because I read the ads. When I read the ads and we have a very niche audience, you know, if you're spending $30 ,000 on five ads or$60 ,000 on 10 ads, whatever, you buy some ads on a podcast. if you're a sass company and you get one customer it paid for itself that's like a little niche thing over here then the other piece of it is you're bill simmons you have a massive audience and you talk about michelobe or bud light i don't know which one he does um but you know whichever beer he does like you reach the masses so yeah um it's gonna be a messy middle for people like tech much i don't think this will be the last publication you see get subscription and they didn't commit and man that that's a long story but they're not a single problem but part partially we were hamstrung by what you might call big company politics and a bias towards internal tooling that was already owned um but we i mean speaking very generically to protect other people's work but like we got it into the seven figures i was proud of that that's pretty good yeah yeah and it would have gotten to eight figures if they just simply um put everything behind a paywall and it would be an independent strong brand they should have said you know what nothing for free anymore anybody who's a subscriber can share three free stories a day if you happen to get it that way great and you have to commit that's it you know and uh well actually it's funny that you bring that up because when that project that i worked on tech one plus um was ended kind of shot out underneath me uh that's when you called back and were like hey hey hey hey hey and then now i'm here so thank you yahoo and region for putting me on twist apparently there you go yeah better deal I gave you a better do.
46:26I just worry that we're not replacing these things nearly as quickly as we're getting rid of. Like, the information is great. Bloomberg is great. There are other sources for tech business news. Yep. Not that many. And I mean, to just lose TechCrunch without something else coming in, it does make me worry that so many of these sub stacks, so many of these podcasts, so many of these YouTube channels, they are basing their content on original reporting from places like TechCrunch. crunch that's fueling the entire analysis industry and i think that people don't necessarily make that connection and we're getting rid of the original reporting part and counting on the commentary part to replace it but you can't have the commentary without the original reporting and i think that's where you hear me say things on this program like maybe i'll hire alex from yeah you know and oh maybe i'll pay for the next fsd test like if it costs them a thousand dollars to paint the wall if i get that exclusively on this week and start with me i'll just pay for it yeah run the test here i'll give you a thousand bucks for the rights to it and uh yeah you know work yeah that's actually one of the things i want to do when we get to speaking of getting free products i was on the ski lift and i was thinking about how much i love gadgets and i have a collection of gadgets and i was like i think i'm going to start like my own little internal gadget museum when i have because i'm getting a big warehouse kind of space uh for production in austin and i was like you know what i'm just gonna and i talked to you about it like get a pc magazine type lab going because i love gadgets so much all these things are coming out and then i want to index them and store them so if somebody sends me like the guy who was on from the rabbit remember the rabbit oh yeah i told him to come on r1 let's have him on when he releases the next version somebody reach out to them i know that we're booking some great guests here but i told him i'd have him on a year later so whatever his one year anniversary which i think would be actually maybe that was a year ago at ces because it wasn't this ces right it was the last year's ces it was actually been a little bit over a year now since rabbit was a big deal right so if he's still producing it he's got a new version maybe we should take a look at those that category but imagine he sent me two of those one we use in the lab one we put in the archive in the museum or we get one and we just clean it up whatever i think it'd be really dope to have a full-time person in the lab just indexing all the free stuff I get, putting it on shelves, organizing, and then showing it to us here so we can track the pace of technology.
48:49And then when we have a party, people could see all the stuff, you know, like in a museum type, like a computer history museum type thing or gadget history museum. Yeah, I like the museum of gadget history is fun. That's a good idea. Yeah, it'd be fun, right? Yeah, actually, I think I have the aesthetic picked up. And if you consider something kind of like this, perhaps. What is this? That's the closing shot of Raiders of the Lost Ark. Yes, yes. No, not like that. Top men looking into your gadgets. I just know you guys are film guys, so I figured. No, I think it would be like that, but imagine a row of Apple-like tables in the middle.
49:20So you have the warehouse, and then you have the Apple-like tables in the middle with glass on them, and you could open the glass, put on a pair of white gloves, take out the original iPod and look at and geek out, and it works, and it's charged, and it's just sitting right there. Or, you know, here are all the original electric cars, you know, you start putting all that stuff there. So I kind of just have like a little weird vision of the hall of misfires. You know, you have the Zoom, the Apple Newton, you know, like all the all the products. Did you just say Zoom? Yeah. Do you remember the Zoom?
49:55Oh, no. Microsoft Zoom. Microsoft Zoom. I bought one day one and I will go down on this shit. But the Zoom was fantastic and got a bad rap. Zoom was one of the best products they made. I mean, also the Surface tablets that Microsoft make are incredible. I want to get one of the new Surfaces. Those products were always amazing. They're great. What else is in the news? I want to do two quick IPO items. We are tracking a number of major debuts. We covered the Wiz exit, but there are some non-M &A transactions. So CoreWeave, just keep in mind that CoreWeave filed to go public. There's a lot of questions about its deal with Microsoft.
50:25There was reporting from the FT that Microsoft had broken off a deal with them. They said, no, no, no. Oh, and then they worked with OpenAI and got a good press cycle for a$12 billion deal. It turns out that Microsoft effectively had just said, we're not going to buy this option that we had to access a lot of your compute. And then OpenAI came in and swooped it. So I think that the positive OpenAI story was a little bit too positive. And the Microsoft story was a little bit too negative. I think, Jason, given the stability that OpenAI provides, it will go public. I'm just not sure exactly at what price, but that means the IPO is moving forward.
50:57So net positive there. we will see a GPU NeoCloud go public in the next couple of weeks, which is awesome. Thank God. Fantastic. And then finally, just really quick, Klarna teamed up with DoorDash and people began to make endless jokes about people needing to finance their dinner. I think everyone has seen this meme by now, but if you haven't, this is kind of what people are saying. There's a sad guy going, inflation is bad. And someone asks, is inflation bad or did you just order a private taxi for your burrito? And he says, private taxi for my burrito. So I think people are spending too much money on things they can't afford.
51:31Klarna responded. But I think what matters here for us is that partnerships are dropping a plenty for Klarna. Good IPO momentum. So I'm really hoping to get that company out and onto the public markets ASAP before anything else changes. Yeah. And there's the other breaking news story is Lindsey Graham and Dick Durbin, Senator Dick Durbin. They're going to introduce a bipartisan bill with apparently wide support that would make Section 230. which protects common carriers, people who are publishers like WordPress or Twitter or Facebook or Meta, that it would expire Section 230 on January 1st, 2027, basically in two years.
52:11I don't know if they have an idea of what would replace it or if this is a gun to the head move where they're like, hey, it's going to expire so that we force a new idea. Alex, I don't know if you I saw you tweeted it like this is not a good idea. Yeah. Have you read anything on it or we'll just cover it Monday or just any quick thoughts on it? Yeah, just really briefly. The way this is being framed by everyone who's covered it back to Lon's point about original reporting is that it is the gun to the head point. No one knows exactly what should replace Section 230. But the idea is tech companies are never going to play the game while they have what is pretty robust protection.
52:45So by setting a sunset date, they have to come to the table. The reason why that's actually, I think, a terrible idea is that there's no chance of passing anything through Congress because bipartisanship is effectively over for now. And what the GOP and the Democratic Party wants to replace Section 230 is diametrically different. And so I don't think that there's a way forward here. Also, I think Section 230 is awesome because it lets companies moderate their own online platforms and we shouldn't do away with it. What the hell is wrong with everybody in D.C.? I think that they have a very they have some scar tissue where they feel like these companies can run them up and influence elections, you know, and they take it personal.
53:27Right. So I think that's their perspective is that why does, you know, YouTube get to trend stories about or Twitter trend stories about Lindsey Graham? let's say. I'm not going to say any specific types of stories, but they get to trend a story, whereas a journalist would never cover those stories, but the algorithm can trend it up, and then you get the benefit from it. The truth is something does need to change. So this is going to sound crazy. I don't like the gun to the head maneuver, but I understand it. So I'm just being clear here. I understand that it needs to change. There is a very simple thing that needs to change.
54:08The algorithm should break your 230. Let me say that again. If you use an algorithm like TikTok does or YouTube does or your For You page, you lose 230. The algorithms are more sophisticated now than any editorial page at the New York Times ever was. And they're doing it on a one-to-one basis. If you use an algorithm to present content, you lose section 230. That includes x my friend owns x i'm saying he should lose 230 if you force it on people and then what should happen is when you turn on x.com formerly known as twitter youtube it should present you and say you can follow these accounts and we'll make a feed out of it or you can pick one of these algorithms or you can write your own algorithm and if you use one of these algorithms you can click on show and explain and it will explain what the algorithm knows and you can tweak you're you're in an interesting way kind of pitching blue sky like this was the blue sky doesn't actually function this way in a day in a day-to-day basis but the pitch was yeah it's not a social media platform it's a protocol and you can customize it any way you want so yes i want this idea is sort of out there in the world i want to i want byo a bring your own algorithm i think there should be an app store for algorithms that works across all services i should be able to go to youtube and in fact i'll talk to lindsey graham about this anyway i'm in favor of the gun today i'm gonna say right now i might be i might it sounds crazy i might be with lindsey well i might be with lindsey and i think i'm gonna write a blog post about this uh and i'm gonna do a sub stack or something i'm gonna i'm gonna share this they need to make the algorithm actually break 230 don't get rid of 230 leave 230 okay but say amend 230 to say if algorithms are not common carrier if you default to an algorithm you lose 230 if you don't want to lose 230 users have to see once a month what the algorithm showing them before they use your service and have the ability to change it or opt out of it or use a third party this would be a really great use of the legislature yeah and you know um what are we showing here this is a bill from 2021 from uh lindsey graham and it was to repeal section 230 jason i'm just bringing this up because i don't actually think you're in favor of the full lindsey graham position nope uh i so i just wanted to clarify that for everybody.
56:49I'll just say that if we do end up in a world without Section 230 protections, we're going to end up with, I mean, either completely unmoderated services, Jason, which I don't think will work for advertisers because even Rumble, for example, has a pretty strict TOS or just something that is so lobotomized as to be completely uninteresting. I might be the last Section 230 defender in the world, even though, Jason, I think the algorithm point has merit, but I really don't trust Durbin and Graham to land this particular plane. after things have gone pretty well for the internet. Yeah, I mean, I think Elon and Zuck and the first, you know, people who are freedom, who are, you know, Zuck is now freedom of speech.
57:28I mean, the weather vane points that direction, so he's going to point that direction. But Elon and Ev Williams, Jack, the original Twitter people, they were always the free speech party of the free speech party, like left of left of left on that issue. I think they're going to fight this, and I think they're going to win because in Korea, um you when you sign up for a social media service you have to put your social security number in wow wow imagine if starting a twitter account required you to put your social security number in you can look it up there's a i'm not sure what they call it what the korean uh social security numbers call but i remember when i was there i was like and they were like yeah it's you don't have the right to go online and trash people anonymously in korea it's not fair it's your it's your national your yeah uh your red resident registration number is what they call it your rrn so less people think like the rest of the world works like america in europe if you try to if you say something about the nazi party in germany like like you're not allowed to do that and in france you're not allowed to sell nazi memorabilia they've got some bad feelings about what happened And like Yahoo auctions had to ban certain things.
58:38Things work differently in other countries. We just have this weird delusion that everybody should be able to say whatever they want in any context, anonymously, all the time, create 50 different accounts and then bombard somebody with psyops. That's a uniquely American perspective. It is not the perspective of other countries in the West who feel you have to own your words. First Amendment, baby. me yeah i just feel like in this cultural and historical moment it it's a it's a bigger concern than maybe it would have been five or ten or 15 years ago if only because we have this regime now that is so interested in controlling the message and i feel like if we remove these protections from these tech platforms they're going to step in and fill the vacuum and it will be the trump administration deciding what it's okay for you to say online and that should be that's what everybody should be scared about when it came to executive orders i remember them saying like is abama doing too many executive orders like wasn't he the first one who kind of was like i can just do executive orders and then like the next person was like okay i'll do them and now it's like oh it's my first day i'm gonna do 500 yeah executive orders on the first day yeah it's like be careful folks you know like you may think like for your side this is really cool because you get a little bit of power every four years, every eight years.
59:59All right, everybody, thisweekinstartups.com slash doc. We're getting active on TikTok. We're getting active on Instagram. Follow us. And just do me a favor, if you're a super fan of the show, you appreciate the show, and 2 ,000 plus episodes of the year, just one thing you could do for me. Go to Instagram, TikTok, and YouTube. We're posting the shorts. And just say, hey, J. Cal, love the show. What your favorite episode is. Say hi to Lon. Say hi to Alex. Just say hello in the comments, because we're trying to wake up these shorts we're doing and wake up those channels because we're not using them forget about following i'm sure you do follow them but a comment specifically and make it a funny comment make it a thoughtful comment that actually is worth replying to because if we get three or four comments but three or four comments on these shorts then youtube assumes like or instagram hey they're these are legit yeah people are watching so please help us out by just posting a comment say hey jcal if if you say hey jcal i guarantee you i will reply to you because The team will send me the link.
1:00:53We'll see you all next time on This Week in Service. Bye-bye. Bye.
From the publisher
Today’s show: Jason, Alex, and Lon break down a subreddit question: A founder builds 100% of the product, is promised equity—and now he’s being pushed out. We break down exactly what he should do next. Plus, YouTuber Mark Rober’s viral Tesla test gets fact-checked by a small creator, and the results don’t look great for Mark. Finally, TechCrunch gets quietly sold to Regent in what looks like a fire sale. Is this the end of an era for tech media?
Timestamps:
(0:00) Episode Teaser(1:25) Jason's memories of Tony Hsieh
(4:09) High stakes poker stories with Tony Hsieh
(7:28) Reflecting on joy and fun in life
(9:45) Atlassian - Head to https://www.atlassian.com/startups/twist to see if you qualify for 50 free seats for 12 months.(11:46) Founder question from Reddit
(20:12) Fidelity Private Shares℠ - Visit https://fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(21:52) Subreddit question: Stealth vs. building in public(27:33) Update: Mark Rober's Looney Tunes wall experiment
(31:21) Lemon.io - Get $2000 off your first hire at http://lemon.io/hire
(37:50) Lessons from the Mark Rober experiment
(40:24) The future of tech journalism and subscription models
(47:34) Jason’s idea for a gadget museum
(50:12) Updates on CoreWeave and Klarna IPOs
(51:43) Bipartisan bill to amend Section 230
(56:29) Algorithms and their impact on Section 230
(59:00) Global perspectives on online speech and anonymity
(1:00:00) Podcast closing and call for social media engagement
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Thank you to our partners:
(9:45) Atlassian - Head to https://www.atlassian.com/startups/twist to see if you qualify for 50 free seats for 12 months.
(20:12) Fidelity Private Shares℠ - Visit https://fidelityprivateshares.com! Mention our podcast and receive 20% off your first-year paid subscription.
(31:21) Lemon.io - Get $2000 off your first hire at http://lemon.io/hire
Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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