Balwani found guilty, Crypto crash updates, + Turkey’s rare earth discovery | E1502
This Week in Startups - A podcast by Jason Calacanis
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First, we cover some breaking news: Theranos ex-president Sunny Balwani has been found guilty of fraud (2:27). Then we dive into crypto: those responsible for the lack of crypto regulation in the US might also have significant crypto investments themselves, and the US is currently trying to change that (13:42). Then a big class-action lawsuit hits Solana and takes aim at VCs (23:09). But it's not all bad news, we cover the Turkish government claiming it just discovered almost 700M metric tons of rare earth materials (39:29). And finally, our startup of the day is a job board for warehouse workers (49:27)! (0:00) Jason and Molly tee up today’s topics! (2:27) Sunny Balwani found guilty of fraud (12:26) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (13:42) US officials that invest in crypto can’t work on crypto-related policies and regulation that could affect the value of their assets (21:42) Masterworks - Skip the waitlist to invest in art using promo code TWIST at https://Masterworks.io/twist (23:09) Key players in the Solana ecosystem are being accused of illegally profiting off the blockchain’s token SOL (36:05) Crypto firm Uprise lost 99% of customer funds trying to short LUNA tokens during the Terra/Luna collapse last month (38:12) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (39:29) The Turkish government is claiming it just discovered almost 700M metric tons of rare earth materials (49:27) SotD: Traba has a job board that helps entry-level workers find shifts at fulfillment centers and event venues (53:41) Outro + Plugs!