E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more

Apr 9, 2022

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Referenced in the show:
The Information

Live Fast, Die Young: Behind the Fall of a One-Click Wonder

On Aug. 3 last year, after doing a round of victory donuts on a street near Sparkman Wharf in Tampa, Fla., Domm Holland stepped out of the passenger seat of a NASCAR racing pickup truck. The black Chevy Silverado was branded with the name of the startup he was leading: Fast, a developer of ...
TechCrunch

Better.com CTO transitioning to advisory role in wake of mass layoffs

Diane Yu, CTO of Better.com, is transitioning from her position as chief technology officer to an advisory role a day after the digital mortgage lender announced a voluntary separation program to certain employees, according to an internal memo obtained by TechCrunch.
TechCrunch

After mass layoffs, Better.com offers severance, health insurance to employees who voluntarily resign

Less than one month after , digital mortgage lender laying off 3,000 employees Better.com is offering its corporate, product, design and engineering employees 60 days paid severance, or voluntary separation plans, and health insurance coverage "to anyone who wants it," according to several sources familiar with internal happenings at the company.
The Information

Gopuff Plans Hundreds of Layoffs to Cut $40 Million in Costs

Gopuff, the instant-delivery company valued at $15 billion last fall, is preparing to lay off hundreds of employees, or around 3% of its global workforce, said a person with knowledge of the matter. The cuts are part of an effort to reduce annual head count costs by at least $40 million, said ...
Sequoia Capital

R.I.P. Good Times

Back in 2008, Sequoia Capital shared with its portfolio companies tips for surviving the economic downturn. Here's the original RIP Good Times presentation.
Substack

The SaaS Board Meeting

Soon after a startup raises its Series A round, it begins to have board meetings for the first time, and I'm often asked what the agenda and format should be. This post describes my recommendations for SaaS board meetings. To make things easier, you can use this board deck template that my team and I developed with Quaestor.
Medium

BlitzFail: How Not to Go Off the Rails

Every year, the tech ecosystem witnesses once-promising startups go off the rails. The speed with which a unicorn can go from hot startup to turnaround - from filing for an IPO one week, to fighting bankruptcy the next - is head-spinning. These meltdowns make for sensational headlines, yet each instance is hardly unique.
CNN

Pinterest bans misinformation about climate change

Pinterest on Wednesday announced a new policy prohibiting users from sharing climate misinformation on its platform, making it the rare social platform to ban such content outright.
Gro Intelligence

Gro Predicts US Corn Stocks Will Drop Sharply in 2022/23

Insight Seed & Fertilizer Procurement - Supply Chain Management Corn Price Food Inflation US US corn stocks, already the second lowest in eight years, will shrink further in 2022/23. That will fuel further price increases in a broad range of food products, from soda pop to chicken wings.
The American Conservative

The State Department Failed to Prevent the War. Will It Now Prevent the Peace? - The American Conservative

The following piece is the transcript of a keynote address entrepreneur and investor David Sacks gave at The American Conservative and American Moment's "Up From Chaos" conference in Washington, D.C., on March 31, 2022. I want to thank the American Moment for the invitation to speak here today.
Linktree

Who is Jason Calacanis? | Linktree

How do I contact angel investor Jason Calacanis?