Jason's DTC investment thesis, Jokr looking to raise $50M, liquidation preference breakdown, witness in Elizabeth Holmes trial goes rogue | E1553

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 7 September 2022

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

First up, Jason explains his DTC investment thesis (3:00), before he and Molly give some insight into the Bay Area heat wave (13:41). Then, Jason and Molly dive deep on reporting that instant delivery startup Jokr might be raising a new round with unusual liquidation preferences (25:50), then Jason breaks down what liquidation preferences are with some spreadsheets. To wrap, J+M cover a witness in the Elizabeth Holmes trial going rogue! (53:27)

(0:00) J+M tee up today's topics

(3:00) Holiday weekend catch up + Jason explains his DTC investment thesis

(12:15) Notion - Sign up for FREE at https://notion.com/twist

(13:41) Bay Area heat wave, Burning Man recap

(24:31) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST

(25:50) Jokr look to raise between $35M-$50M from existing investors, why they have closed operations in the US, how immigration and labor plays into Jokr's decision

(33:43) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(35:01) Breaking down liquidation preferences and why Jokr investors are looking for an unusually large liq pref in its upcoming round

(53:27) A witness in the Elizabeth Holmes case has gone rogue!

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Transcript

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0:00.0	Hey, everybody, everybody we're back.
0:02.6	I just got back from Burning Man.
0:04.7	I am exhausted.
0:06.3	And it's 100 degrees here and Molly and I lost power.
0:10.1	We have power.
0:11.0	It's like this morning.
0:11.8	It's officially the toughest week in the Bay Area
0:13.0	because everybody has, many, many people have come back
0:15.8	from Burning Man.
0:17.0	It's always our hottest time of the year
0:18.9	and that is no joke around here
0:20.4	because nobody has air conditioning
0:21.5	and our power doesn't stay on.
0:22.9	And it's a short week.
0:24.6	So just look for kind of a lot of chaotic energy.
0:27.6	It's just going to be like a chaotic good kind of week.
0:31.2	But here's your thing.
0:32.2	When we're exhausted, we're still great.
0:34.5	So out of the frying pan and into the fire
0:37.7	from Jake and Molly, we're going to talk about DDC companies.
0:41.5	I'm joining the board of a legendary direct consumer
0:45.8	brand that you don't know about.
	...

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