Nikola Motors update, El Salvador launches $1B bond to build “Bitcoin City” on a volcano | E1331

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 23 November 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Full news show today! First, a quick update on Nikola and Trevor Milton's situation (1:35). Then, Jason reacts to a video of Jordan Peterson getting "orange-pilled" (23:10) and the announcement of El Salvador's Bitcoin City (31:51). To wrap up the show, we do another "We Live in the Future" segment about a speeder hover-bike by Japan's A.L.I. Technologies (46:46).

Transcript

Click on a timestamp to play from that location

0:00.0	It is a full-news day. My favorite day of the week is when I get to do tons of news,
0:05.6	and we do a quick update on Nikola and Trevor Milton's situation. It is not looking good for this
0:11.6	company or for Trevor. Then I'm going to react to a video of Jordan Peterson getting orange pilled,
0:17.6	which I first saw on the pump podcast. Basically, he is amazed by how Bitcoin works and turns energy
0:24.4	into actual money. And then we're going to talk about El Salvador's Bitcoin city built
0:29.7	through the power of avocado and a bond partnered with Bitfinex. The whole thing seems pretty
0:34.8	red flaggy to me. And we're going to wrap with another segment of We Live in the future with another
0:40.7	speeder bike type product. This one comes out in Japan, and it is wild. Okay, stick with us.
0:46.4	This week in startups is brought to you by our crowd. Helps you invest early in pre-IPO companies
0:53.5	alongside professional VCs. If you're interested in investing, you can join our crowd for free
0:59.6	at OURCROWD.com-twist. Linked in jobs. A business is only as strong as its people and every higher
1:11.1	matters. Post your first job for free at linkedin.com-twist. And lemon I.O.
1:20.2	Need to speed up your product development without draining your budget?
1:24.3	Higher vetted engineers from Europe at lemon.io. Go to lemon.io-twist to get 15% off for the first
1:32.9	four weeks. Okay, we've got a Nicola Fraud update. The electric car maker is expecting $125
1:41.2	million fine and Trevor Milton, their former disgrace CEO, is scheduled to start his trial in
1:47.2	April. Their market cap has crashed massively from $34 billion to now under $5 billion to catch you
1:53.8	up on what's happened since he was on the podcast. Milton was indicted on three counts of fraud in
1:58.2	July by the Department of Justice. Each count carries a maximum jail sentence of between 20 and 25
2:04.4	years, according to Reuters. That's a total of up to 75 years in prison if they were served
2:10.4	sequentially. I'm not sure about the law if those would be served concurrently or sequentially.
2:15.2	But let's just break down the crazy year and a half that Nicola had to refresh everybody in the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Jason Calacanis, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Jason Calacanis and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.