The Trial of SBF: A deep dive with Inner City Press's Matthew Russell Lee | E1833
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 24 October 2023
⏱️ 68 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
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.Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to https://startups.tech/jason to find out how!
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Today’s show:
Mathew Russell Lee from Inner City Press joins Jason to discuss life as an independent journalist (13:47), startup fraud trends (2:27), his firsthand observations from the SBF courtroom (17:05), the state of the justice system (1:01:16), and much more!
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Time stamps:
(0:00) Inner City Press’ Matthew Russell Lee joins Jason
(2:27) The failed Nikola Badger launch and trial of CEO Trevor Milton
(10:03) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist
(11:24) Current status of the SBF trial
(13:47) Matthew's approach to journalism
(17:05) Firsthand observations from the SBF courtroom and reflections on cooperators’ testimonies
(20:56) The dynamics among the accused and framing of their involvement
(23:54) The jury’s key point of interest
(28:38) Catalog - Get $1200 off right now at https://trycatalog.com/twist
(30:07) SBF’s family involvement and use of effective altruism
(34:58) SBF's defense strategy and alleged misuse of client funds
(40:58) .Tech Domains - Apply to get your startup featured on This Week in Startups at https://startups.tech/jason
(43:25) SBF’s extradition and Sam Trabucco's role in the Chinese bribery scheme
(47:09) Recouping money
(50:57) Remaining aspects of the SBF trial
(53:57) SBF's character and upbringing
(56:19) Outcomes of previous fraud cases and thoughts on SBF's conviction
(1:01:16) SDNY's nature and the state of the U.S. justice system
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Follow Matthew: https://twitter.com/innercitypress
Check out Inner City Press: https://www.innercitypress.com/
Check out Matthew's Patreon: https://www.patreon.com/MatthewRussellLee
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Transcript
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| 0:00.0 | there's an intersection between sort of VC thinking and philanthropy of like let's find cutting-edge |
| 0:06.1 | non-profits that can go to scale. I know I know those people but effective algorithm goes one step |
| 0:11.8 | further and says, |
| 0:13.1 | we're going to go out and make all kinds of money |
| 0:16.7 | and then we're going to save the world. |
| 0:17.8 | I guess you could say it's sort of like, |
| 0:19.4 | it's not like, you know, Andrew Carnegie, |
| 0:21.9 | Carnegie made the money and then did libraries this they're |
| 0:25.1 | convincing themselves that the reason that they're doing these things is they |
| 0:29.6 | ended up never doing it like with Sam Bankman freed, there was a big moment where they said, |
| 0:33.4 | Neshad Singh said, I went to meet with with anthropic because I was going to make a |
| 0:38.7 | donation because I love that technology so much. And then the process, then the question was question was well did you ever make a |
| 0:44.4 | donation well no this weekend startups is brought to you by square space turn your |
| 0:50.8 | idea into a new website go to to Squarespace.com slash Twist for a free trial. |
| 0:56.0 | When you're ready to launch, use offer code Twist to save 10% off your first purchase of a website or domain. |
| 1:02.9 | Catalog. |
| 1:04.1 | Stop wasting time and money with expensive design firms |
| 1:07.4 | and unreliable freelancers. |
| 1:09.7 | Get fast three-day turnarounds |
| 1:12.4 | for a flat monthly fee with catalog. Get $1,200 off right now at |
| 1:17.6 | try catalog.com slash twist. And dot-tech domains has a new program called startups. |
| 1:25.0 | tech where you can get your company featured on this week in startups. |
... |
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