SBF gets arrested, The Block’s CEO gets a bag from FTX, + Walmart launches a BNPL service | E1636
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 13 December 2022
⏱️ 65 minutes
🧾️ Download transcript
Summary
Molly and Jason react to the breaking news that Bahamian authorities have arrested Sam Bankman-Fried. (1:27) Then, from earlier in the day, Molly and Jason chop it up about the news of The Block’s CEO Michael McCaffrey receiving $40M from Alameda Research. (27:41) We then close with a story about Walmart’s new BNPL service. (45:25)
(0:00) Molly kicks off the show
(1:36) Molly and Jason react to SBF getting arrested
(14:51) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(15:55) Kevin O’Leary’s FTX deal + Predicting what happens to SBF
(26:11) Nutrisense - Use code TWIST and get $30 off at nutrisense.io/twist
(27:41) Alameda gave Michael McCaffrey $40M
(45:25) Walmart launches a BNPL service
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Transcript
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| 0:00.0 | Hey, everybody, we're back. |
| 0:01.6 | It's Tuesday breaking news. |
| 0:04.4 | We had to stop everything for a quick nighttime record last |
| 0:08.2 | night because Sam Bankman freed has been arrested in the |
| 0:12.3 | Bahamas. |
| 0:12.9 | We're going to break that down. |
| 0:14.0 | Some predictions about how long he's going to spend a |
| 0:17.1 | jail and how soon that's all going to happen. |
| 0:19.3 | So we're going to talk about that also to over the now |
| 0:23.7 | somewhat older news that it turns out Sam Bankman freed |
| 0:26.8 | had given $40 million in loans to the CEO of the block, |
| 0:33.0 | the media outlet that was covering him. |
| 0:35.8 | So we're going to talk about that little corruption situation. |
| 0:39.4 | And then we have Walmart planning to launch a buy now pay |
| 0:42.9 | later venture, which gets Jason off on a whole big rent. |
| 0:45.9 | Such a great show. |
| 0:46.9 | So good. |
| 0:47.6 | Stick with us. |
| 0:50.8 | This weekend start-up is brought to you by Vanta. |
| 0:54.6 | Compliance and security shouldn't be a deal |
| 0:56.7 | breaker for startups to win new business. |
| 0:59.3 | Vanta makes it easy for companies to get a sock to report fast. |
... |
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