Elon buys ~9% stake in Twitter + Freestyle Capital's Dave Samuel | E1426

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 5 April 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, Jason and Molly discuss Elon buying a 9.2% stake in Twitter (01:50). Then, Dave Samuel of Freestyle VC joins (23:18) for a discussion on early stage investing. Freestyle invested early in startups including Airtable, Patreon and Intercom. We talk about how fund size dictates strategy, how to give feedback to founders (especially when it's a no) and more.

(00:00) Jason and Molly intro today’s show
(01:50) Elon takes 9.2% stake in Twitter, TWTR stock up ~28% today
(11:09) Masterworks - Skip the waitlist to invest in art using promo code TWIST at https://Masterworks.io/twist
(12:250 Do we want more people to take stakes like this?
(20:58) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(23:18) Interview with Dave Samuel of Freestyle VC
(30:13) iTrust Capital - Visit https://itrust.capital/twist to create your Crypto IRA today
(31:27) Dave’s lessons for other capital allocators and founders

FOLLOW Dave: https://twitter.com/dsamuel

Check out Freestyle: https://freestyle.vc

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

Transcript

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0:00.0	Hey, everybody. Hey, everybody. Welcome to another episode of this week in startup.
0:04.1	My friend Dave Samuel is on the program today. He's launching his new fun for freestyle VC.
0:10.8	Freestyle has a messaging company is that you may have heard of air table patreon intercom.
0:16.2	And we're going to talk a little bit about how your fun size dictates your strategy and giving feedback
0:21.2	to founders, especially the know and how do you say no. We're going to pass on your company. Dave
0:26.4	had some great thoughts on that. Yeah, it's a good conversation. But first, it is Monday and
0:31.3	there is breaking news. The massive SEC disclosure this morning that my pal Elon bought 9.2 percent
0:39.6	of Twitter two weeks ago. You know, he was shopping and he just decided to pick up some milk
0:45.8	and some Twitter. So we'll take a look and discuss if he is going to become an activist
0:51.9	shareholder or not. I'm just laughing because the or not seems so unlikely. So we're going to
0:56.4	break all of that down. It's going to be a great show. So stick with us. This week in startups is
1:01.9	brought to you by masterworks is the first company allowing investors exposure into the blue chip
1:08.0	artwork asset class. Twist listeners can skip the 30,000 person waitlist by going to masterworks.io
1:15.6	and using promo code twist. Our crowd helps you invest early in pre IPO companies alongside
1:22.5	professional VCs. If you're interested in investing, you can join our crowd for free at OURCROWD.com
1:32.7	slash twist. And I trust capital. Did you know that you can invest in crypto through your retirement
1:40.2	account and still get the same tax advantages as a traditional IRA? Visit iTrust.Capital slash
1:47.1	twist to start investing today to that news SEC regulatory filings this morning Monday as we're
1:54.5	recording this habit revealed that Elon Musk has taken a 9.2 percent stake in Twitter. The stock
1:59.8	is up 28 percent today. I think that it was determined that that 9.2 percent stake was worth
2:06.0	close to $3 billion. Was that right? Yeah, that's about right. The company is at trading a
2:10.8	$40 billion today. That's after it went up about 28 percent or so. So if you take a third off,
	...

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