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This Week in Startups

Rapid Fire News: App Annie fraud, Instagram’s negative impact, Discord valued at $15B & more | E1284

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 17 September 2021

⏱️ 59 minutes

🧾️ Download transcript

Summary

Full news show! First up, Jason covers the App Annie fraud (1:59), then he shares thoughts on Facebook's leaked documents showing they knew Instagram was detrimental to teen girls' mental health despite claiming the contrary (13:55). He also touches on Discord's $15B valuation (25:56), Mailchimp selling for $12B (33:40), and answers some livestream questions (40:35)!

Transcript

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0:00.0

Okay, we got a full new show for you today. First up, we're going to cover app Annie and the fraud

0:04.7

where they were ordered to pay 10 million and their founder is now unable to be on a public board,

0:11.6

or be an officer at a public company for three years, quite a speeding ticket there.

0:15.3

And then we're going to cover Instagram's detrimental effect on teenage girls and how they've

0:20.4

disclosed none of this to the public and they got caught with her hand in the cookie jar.

0:24.4

I've got some choice words for Zuckerberg and Facebook. Finally, we cover

0:29.1

discord raising out of 15 billion dollar valuation. We do a little analysis head to head with

0:33.6

Reddit. I think the two companies should merge. I'll explain why before they go public and

0:38.4

finally a deep dive into Mailchimp selling for $12 billion to intuit and should the employees

0:43.9

have taken stock or should they have taken those guaranteed bonuses. We'll talk about the

0:48.3

difference between the two types of companies, ones that give stock options and one that give generous

0:52.8

salary and bonus. Stick with us. This week in startups is brought to you by

0:59.2

Fiver Business is a modern workplace for the digital world.

1:03.2

Their team of dedicated business success managers help match you with the best freelancers for your

1:08.8

team. Right now you can sign up for Fiver Business free for the first year and save 10% on your

1:15.1

purchase with promo code Jason. That's f-i-v-e-r-r.com slash business and use promo code Jason.

1:24.0

Squarespace turn your idea into a new website go to squarespace.com slash twist for a free trial

1:31.7

when you're ready to launch use offer code twist to save 10% of your first purchase of a website

1:37.5

or domain. And in Broker's startup insurance program helps start up secure the most important

1:44.4

types of insurance at a lower cost and with less hassle save up to 20% of traditional

1:50.4

insurance today at inbroker.com slash twist while you're there get an extra 10% off using offer

1:57.5

code twist. Okay in our first story the fraud parade continues man whenever a market gets hot

...

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