Alumni Ventures charged by SEC + What Germany got wrong about nuclear power with Mark Nelson | E1402

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 8 March 2022

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

First, Jason and Molly cover the news of Alumni Ventures Group getting charged by the SEC for misleading investors about their management fees (1:56). AVG had to repay $4.7M to investors and paid $800,000 in a settlement. Next, we briefly touch on Index Ventures stopping their investments in Russia (24:56).

Then, Radiant Energy Fund Managing Director Mark Nelson joins to make the case for nuclear power and explain why many countries have chosen to decrease their nuclear capacity (40:03).

(00:00) Jason and Molly intro the show: AVG pays 800K in penalties, Index halts Russian startup investments, interview w/ Mark Nelson on nuclear energy
(01:56) Alumni Venture Group pays 800K in penalties to SEC
(10:42) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(11:49) Jason's prediction for what happened at Alumni Venture Group
(23:33) Mercury - Banking built for startups. See more at https://mercury.com/twist
(24:56) VC Firm Index Ventures halts startup investments in Russia
(38:35) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist
(40:03) Nuclear activist Mark Nelson on the future of nuclear energy (@energybants)
(56:41) How Germany abandoned nuclear
(1:03:31) Are Nuclear reactors aged beyond repair?
(1:10:49) What France got right
(1:29:41) Ways you can get involved with This Week in Startups & Launch

FOLLOW Mark: https://twitter.com/energybants
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	Okay, everybody, we have got a great Monday show for you today.
0:03.4	First, we're going to talk about alumni ventures group getting charged by the SEC for misleading
0:09.4	investors about how their management fees were collected and doing some co-mingling.
0:14.0	This is dishy.
0:15.9	They had to repay $4.7 million to investors, $800,000 in penalties and a settlement over
0:23.2	fund fees.
0:24.2	There's a lot going on here.
0:26.3	That's things.
0:27.3	800K in penalty stings.
0:28.3	And then we're briefly going to touch on index ventures, stopping their investments in
0:33.4	Russia and some of the assorted big tech voluntary sanctions with regard to Russia.
0:40.2	And then related to Russia and ripple effects from the war we're seeing now and how they
0:45.4	relate to energy, we have nuclear activists, Mark Nelson, on to make the case forward
0:49.6	nuclear and help explain this kind of a long history.
0:53.8	All these reasons that you would never have thought of in terms of why most countries
0:57.9	have moved or are moving away from nuclear power.
1:01.0	There's a lot in there.
1:02.0	It's going to be a great show.
1:03.5	Stay with us.
1:05.6	This week in Startups is brought to you by OurCrowd helps you invest early in pre-IPO
1:10.9	companies alongside professional VCs.
1:14.5	If you're interested in investing, you can join OurCrowd for free at OUR-CRO-WD.com-twist.
	...

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