Bolt layoffs, DroneUp, Lunar Outpost, $4.5B crypto fund, Ape theft + Diagram’s Jordan Singer | E1471
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 27 May 2022
⏱️ 94 minutes
🧾️ Download transcript
Summary
In today's episode, Jason and Molly cover Bolt's layoffs (12:11), Walmart's drone deliveries (17:02), Lunar Outpost's $12M seed (32:31), a16z's $4.5B crypto raise (44:07), and Seth Green's Bored Ape heist (54:40). Producer Rachel sits down with Jordan Singer, founder of Diagram, for this week's OK Boomer (1:03:54).
(00:00) Jason and Molly introduce today’s topics!
(2:47) Bolt is laying off an undisclosed number of employees
(10:56) Gun.io - Get $250 off your first developer hire at https://Gun.io/twist
(12:11) Bolt Layoffs story continued
(17:02) We Live in the Future: Walmart expanding deliveries w/DroneUp
(20:31) Embroker - Get an extra 10% off insurance for your business at https://Embroker.com/twist
(21:47) Walmart delivery drones story continued
(31:16) BetterHelp - Get 10% off your first month at https://betterhelp.com/twist
(32:31) Startup of the Day: Lunar Outpost raised $12M Seed to build moon exploration and mining tech
(44:07) a16z raised another $4.5B Crypto Fund to invest strictly in crypto startups and projects
(54:40) Actor Seth Green’s Bored Ape stolen weeks before it’d star as the main character in his show
(1:02:03) Jason and Molly tee up this week’s OK Boomer
(1:03:54) OKB: Jordan Singer, founder of Diagram
Transcript
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| 0:00.0 | Hey, everybody. It's Friday and we've got five great stories for you. First up, |
| 0:05.5 | Bolt is laying off a large number of staff members and remember, Bolt had convinced their staff |
| 0:11.1 | that it was a good idea for them to take out loans and buy their stock. Uh-oh. |
| 0:15.6 | Yeah, a little bit of uh-oh. Then we live in the future. We live in the future drone deliveries. |
| 0:21.5 | I mean, honestly, if I had to have taken bets, this would be the thing I thought was never coming. |
| 0:25.9 | It's here. It's here. Owns are delivering goods that include laundry detergent trash bags |
| 0:31.7 | and evidently hamburger helper because the company pioneering this is not Amazon. |
| 0:36.2 | It's Walmart. And I have a theory. I have a theory of why they got there first. And then |
| 0:41.7 | everybody's other favorite features start up at the day. We have a company called Lunar Outpost, |
| 0:46.0 | a race 12 million to go send rovers to the moon and mine the moon. I wonder what they're looking |
| 0:51.0 | for up there, Molly. Mine in the moon. We're going to we're going to have a lot of ideas. I mean, |
| 0:55.2 | it is a real Friday variety show. And then we could not let the weekend without talking about |
| 0:59.7 | a 16z's largest crypto fund. The firm really at this point, I think, should be called a 16c for |
| 1:06.6 | crypto. We're going to break down though, whether they're in uh-in over their heads. Yeah, 4.5 billion |
| 1:12.9 | additional dollars, seven over seven billion total going into crypto. That's a big bet. Uh-oh. |
| 1:18.1 | In a scary bet. Finally, Seth Green, a star of TV and the silver screen had his board eight, |
| 1:26.4 | which is going to be in a TV show apparently stolen from him. And we get into a discussion about |
| 1:31.0 | IP and rights and terms of service and what you can and cannot do with your board eight. |
| 1:38.4 | It's going to be a great oh and then but wait, that's not all because it's Friday variety hour. |
| 1:44.1 | There's more. But wait, there's more. Don't go anywhere. Don't touch that dial because we have |
| 1:49.8 | everybody's favorite Friday segment. Other favorite if it's not we live in the future and it's not |
| 1:53.3 | startup of the day and it's not dunking on crypto, you know it's okay. Boomer. It's going to be a great |
... |
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