SBF buys 7.6% $HOOD stake, SoftBank’s $13B loss, Twitter exec layoffs & deal update + Nicole Ruiz from Compound VC | E1459

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 14 May 2022

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First Jason and Molly cover FTX CEO SBF buying 7.6% of $HOOD (1:57), SoftBank’s $13B loss (8:29), Twitter’s exec layoffs (14:55) & give a deal update (21:50). Then Producer Rachel chats with Nicole Ruiz is an investor at Compound VC, a thesis-driven, research-centric investment firm (35:34). Together, they talk about her untraditional path to VC, their investment in Pear Bio, the importance of being a skilled researcher, and more.

(00:00) Cold open
(1:57) 4-for-5 Friday: SBF buys 7% of $HOOD
(8:29) SoftBank loses $13B
(13:51) OurCrowd - Check out the deal of the week at https://ourcrowd.com/twist
(14:55) Twitter layoffs start
(20:33) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(21:50) Twitter deal on hold
(30:29) Gun.io - Get $250 off your first developer hire at https://Gun.io/twist!
(31:45) Toss to this week’s OK Boomer
(35:34) OKB with Producer Rachel and Nicole Ruiz of Compound VC
(31:45) Toss to this week’s OK Boomer
(35:34) OKB with Producer Rachel and Nicole Ruiz of Compound VC

Follow Nicole: https://twitter.com/nwilliams030

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	Snoop Dogg has announced that he may have to buy Twitter now.
0:03.3	So nice long, a nice long tweet storm about that.
0:07.5	So bit I'm just saying, it's a multiple better situation.
0:10.7	I'm trying to buy the assets to pass.com.
0:14.6	I'd literally tried like three times.
0:16.5	I just sort of such a great name, pass.com.
0:18.2	I'm not so good.
0:19.2	And I was like, I told Dave Moran,
0:22.5	can I ask him if I could buy it?
0:24.0	He's like, yes, we'll go for it.
0:25.6	Because I didn't want to buy it and not you know,
0:28.4	we're friendly in front.
0:29.3	I could serve his friends.
0:30.1	And I was just like, if I tried to buy that,
0:31.9	would you be okay with it?
0:32.8	He's like, they're not gonna let me sell him.
0:34.8	I guess some Korean firm I think had bought it.
0:36.7	So if the folks who own path.com want to reach out to me,
0:40.6	I would give them some equity in it.
0:41.9	I would back it.
0:42.8	And I think it would be cool to have like a path.
0:45.1	It's path is a little bit more like an Instagrammish.
	...

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