Citizen App’s bounty blunder, “digital bodyguard” service + Coinbase launches “Fact Check” | E1223

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 28 May 2021

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jason breaks down the Citizen App's recent mistake of putting a $30,000 bounty on an incorrect arson suspect (01:39), assesses the merits of an "Uber for private security" (17:15), and covers Coinbase's launch of their self-titled "Fact Check" media arm (37:32).

Transcript

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0:00.0	All right, everybody, happy Friday.
0:01.6	We've got a new show for you today.
0:03.0	Two big issues we're covering.
0:04.5	One, the citizen app caught in a bit of a bruja
0:08.0	over creating a bounty for suspected arsonists.
0:12.8	Turns out they were wrong
0:14.2	after putting a $30,000 bounty on somebody.
0:16.2	And they're launching a new private security service.
0:19.7	That some people think is dystopian.
0:21.5	And maybe some other people think
0:23.6	are it's kind of brilliant.
0:25.4	Additionally, Coinbase is creating their own fact
0:27.8	checking blog where instead of fighting with the press,
0:31.2	they will just state the facts and try to educate
0:34.4	their users, constituents,
0:36.6	and perhaps even the press
0:38.4	by being just great at a fact checking.
0:40.7	Stick with us.
0:42.0	This week in Startups is brought to you by
0:45.0	our crowd helps you invest early
0:47.1	in pre-IPO companies alongside professional VCs.
0:51.1	If you're interested in investing,
	...

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