Episode
E45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
1:24:00
Published: Sat Sep 04 2021
Description
Show Notes: 00:00 Besties recap, it's Chamath's Birthday, Callin app 08:58 What should protocol be for conferences & live events? 12:58 Fake it before you make it, the Elizabeth Holmes Theranos trial & implications for fraud in VC 31:28 China's video game ban, is it a good move? 39:34 Texas Senate Bill 8, allowing suing for aiding an abetting abortion 55:09 Apple alters their payment policies 1:03:06 Fires continue in CA, $1T of homes can't be insured & the impacts on real estate values 1:12:48 Joe Rogan & the narratives woven by the media & consumers Download Callin: https://www.callin.com Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg Intro Video Credit: https://twitter.com/TheZachEffect Referenced in the show: Elizabeth Holmes Trial https://www.nytimes.com/2021/09/02/technology/elizabeth-holmes-trial-jury.html China Bans Video Games https://www.reuters.com/world/china/oh-thats-an-idea-us-parents-respond-china-screen-time-ban-2021-08-31/ Texas SB8 https://fortune.com/2021/09/02/texas-abortion-law-business-backlash-match-group-bumble-sb8/ Apple Modifies App Store Developer Payment Policy https://www.wsj.com/articles/apple-to-allow-spotify-other-media-apps-to-link-to-websites-for-payment-options-11630544101 Joe Rogan Covid https://www.nytimes.com/2021/09/01/business/joe-rogan-covid-19.html #allin #tech #news
Chapters
The All In Podcast starts without guest David Sax, who is too busy with his Callan app debut.
00:00 - 01:24 (01:24)
Summary
The All In Podcast starts without guest David Sax, who is too busy with his Callan app debut. Hosts introduce Chamath Palihapitiya and the Queen of Quinoa on an episode free of Sax.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The app created by David Sax allows creators to record podcasts in front of a live studio audience, edit the transcript and share it on the platform.
01:24 - 03:52 (02:28)
Summary
The app created by David Sax allows creators to record podcasts in front of a live studio audience, edit the transcript and share it on the platform.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Bill Gurley discusses birthday gift ideas and his recent experience enjoying wine with friends, including tech investor Chamath Palihapitiya.
03:52 - 05:38 (01:46)
Summary
Bill Gurley discusses birthday gift ideas and his recent experience enjoying wine with friends, including tech investor Chamath Palihapitiya.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Incoherent ramblings about wine and moving, with no discernible information conveyed.
05:38 - 08:40 (03:01)
Summary
Incoherent ramblings about wine and moving, with no discernible information conveyed.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
All in Pod is recording their podcast live together in person for the first time during a poker night with friends, and plan to host their own summit in the future.
08:40 - 10:27 (01:47)
Summary
All in Pod is recording their podcast live together in person for the first time during a poker night with friends, and plan to host their own summit in the future.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Elizabeth Holmes, the founder of Theranos, began the trial for her charges of fraud and conspiracy to commit wire fraud surrounding false blood test results.
10:27 - 15:05 (04:38)
Summary
Elizabeth Holmes, the founder of Theranos, began the trial for her charges of fraud and conspiracy to commit wire fraud surrounding false blood test results. The trial is being conducted in sequential order with another involved in the case.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Blindly investing in startups without proper due diligence can lead to unforeseen problems down the line when the rosy picture painted by founders doesn't quite match up with reality.
15:05 - 22:49 (07:43)
Summary
Blindly investing in startups without proper due diligence can lead to unforeseen problems down the line when the rosy picture painted by founders doesn't quite match up with reality.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The early decisions made in a company can be indicative of future moral or ethical issues, especially concerning fraud.
22:49 - 31:20 (08:30)
Summary
The early decisions made in a company can be indicative of future moral or ethical issues, especially concerning fraud. Investors have a fiduciary responsibility on behalf of their stakeholders and should not underestimate the potential for manipulation in some startup leaders.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Gaming companies will now need to have an identification system in place and prove the use of real names to avoid penalties, and gamers may also face consequences for non-compliance.
31:20 - 34:51 (03:31)
Summary
Gaming companies will now need to have an identification system in place and prove the use of real names to avoid penalties, and gamers may also face consequences for non-compliance.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
China's ban on video games may not only be about preventing addiction and nearsightedness among young people but may also be motivated by the country's unbalanced male-to-female ratio, resulting in a lot of young males without romantic prospects and a potential for social unrest.
34:51 - 39:38 (04:47)
Summary
China's ban on video games may not only be about preventing addiction and nearsightedness among young people but may also be motivated by the country's unbalanced male-to-female ratio, resulting in a lot of young males without romantic prospects and a potential for social unrest.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The Texas abortion law enables private citizens to sue abortion providers or those who aid in getting an abortion, effectively banning it without going through the court system directly.
39:38 - 44:01 (04:22)
Summary
The Texas abortion law enables private citizens to sue abortion providers or those who aid in getting an abortion, effectively banning it without going through the court system directly. This overturns Roe v Wade, and the Supreme Court's decision to avoid taking any action on this new law has created controversy.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The pro-life movement argues that a fetus has a right to life at a certain point in time, and that this right should not be invaded by the mother.
44:01 - 51:32 (07:30)
Summary
The pro-life movement argues that a fetus has a right to life at a certain point in time, and that this right should not be invaded by the mother. This debate often falls along religious lines rather than political ones, highlighting a difference in values between the two sides.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The recent ruling towards the Texas abortion law has raised concerns over the overturning of the landmark Supreme Court case Roe v. Wade.
51:32 - 55:07 (03:35)
Summary
The recent ruling towards the Texas abortion law has raised concerns over the overturning of the landmark Supreme Court case Roe v. Wade. However, it is important to understand the nuances of the situation, as the issue could potentially become a state's right issue, leaving it up to individual states to determine their own laws on abortion.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Apple has announced that it will allow media apps like Spotify and Netflix to bypass its 30% cut of subscriptions by creating in-app links to sign up pages on their own websites.
55:07 - 1:03:14 (08:06)
Summary
Apple has announced that it will allow media apps like Spotify and Netflix to bypass its 30% cut of subscriptions by creating in-app links to sign up pages on their own websites.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
This episode discusses the importance of parametric insurance in the face of climate change and extreme weather events, and the potential consequences of not having this type of insurance available.
1:03:14 - 1:08:28 (05:13)
Summary
This episode discusses the importance of parametric insurance in the face of climate change and extreme weather events, and the potential consequences of not having this type of insurance available.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
As climate change causes hotter and drier conditions in some areas, and more wetness in others, real estate insurers are struggling to price the risk of insuring properties in such areas, forcing people to live more in metropolitan areas while beautiful places are under pressure and duress.
1:08:28 - 1:13:03 (04:35)
Summary
As climate change causes hotter and drier conditions in some areas, and more wetness in others, real estate insurers are struggling to price the risk of insuring properties in such areas, forcing people to live more in metropolitan areas while beautiful places are under pressure and duress.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The media tends to cover news in a way that polarizes views along a black and white spectrum, while political partisans further exacerbate divisions.
1:13:03 - 1:17:10 (04:06)
Summary
The media tends to cover news in a way that polarizes views along a black and white spectrum, while political partisans further exacerbate divisions. This is exemplified in the way ivermectin was labeled as a horse dewormer, deriding its potential as a treatment for COVID-19 and making those who consider it look ridiculous.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The narrative presented by the media is not controlled by a set group of people but rather shaped by the consumers who consume it.
1:17:10 - 1:20:19 (03:09)
Summary
The narrative presented by the media is not controlled by a set group of people but rather shaped by the consumers who consume it. However, some argue that the media first decides on an agenda and distorts information to fit that agenda.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
All In syndicate announces their lead role in a Series B investment round.
1:20:19 - 1:23:09 (02:50)
Summary
All In syndicate announces their lead role in a Series B investment round. In other news, the show's merchandise sales are doing well, but there are concerns about low ratings for the latest episode.
EpisodeE45: Theranos & VC fraud risks, China bans video games, Texas SB8, Apple app store, CA fires, Rogan
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The transcript contains various unintelligible phrases and unrelated sentences.
1:23:09 - 1:23:49 (00:40)
Summary
The transcript contains various unintelligible phrases and unrelated sentences.