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  • Jason Calacanis 05:26:52 on 2018-07-26 Permalink
    Tags: Uncategorized   

    This is your Captain speaking, I’m turning on the fasten seat belt sign 


    This past weekend, I sent the email below to the 250+ founders I’ve invested in. The goal of this email was to prepare my founders for what happens to startups when a market corrects and then collapses.

    I’m not calling a top to the market, or a crash, but rather giving my founders  a blueprint of how to survive and thrive in a down market.

    I hope this is helpful to you as well. Feel free to forward it to a founder you know, as they might not be thinking about these issues.

    Best, Jason@calacanis.com

    [ Click to Tweet: https://ctt.ac/84ceF ]


    Launch Portfolio Founders,

    We are in year 10 of the current bull market.

    Chaos reigns from Washington to Moscow and all of you are all competing for attention for customers and talent with an unprecedented number of highly-skilled founders running impressive businesses.

    Having seen this movie up close three times in my startup career, I wanted to take a moment to explain to you what happens to startups when markets correct — and sometimes collapse.  

    In short, I want to explain to you how to avoid having your startup die when the stock market crashes — just in case the market turns.

    In my estimation there is a 20-30% chance we could have “an event” in the near term (the next two years), and since there is never a bad time to make long-term plans you should read this email twice, and discuss it with your senior team.

    There is zero cost to taking this information dead seriously, and there is a massive downside to ignoring what follows: the “risk of ruin” (as we call it in gambling).    

    Paradoxically, there is a MASSIVE opportunity to build in a down market.

    As I’ve told many of you over the years: “fortunes are built in the down market, and collected in the up market.”

    Rhyming History

    The last couple of major “events” included the Great Recession (caused by real estate shenanigans), 9/11 (caused by terrorism) and the dot com bust (caused by irrational exuberance & financial shenanigans).

    Two out of the last three were financial shenanigans, which is to be expected. Today we have cryptocurrency, monetary policy, trade policy and student debt leading the list of financial shenanigans that could cause the next correction/collapse.  

    In the Black Swan, non-financial event category we could list Russia, North Korea, China, Pakistan, Iran, domestic political unrest and the Mueller investigation as market busters.

    These type of events can result in stock market corrections (a 20%+ retreat in prices according to most definitions).

    When the stock markets corrects, most of the time it simply bounces back, but sometimes a contagion will occur and it will impact everyone from hedge funds to angels, and the venture capitalists and seed funds in between.

    When things go really bad, all asset classes tend to go the same direction: down. No one is spared the pain, but the degree to which the pain is distributed can be very different (i.e. bonds, domestic stocks, international stocks and real estate).

    The winners are those with massive cash positions they are willing to deploy.  

    Again, sometimes the correction is just that — and it has no impact on startups.

    No one knows!

    What we can do is look at what has happened in the past. Here is a basic rundown of what happens in the case of “an event”:

    1. Event occurs (Black Swan or anticipated)
    2. Stocks sell off, a series of head fakes occur around recovery, selling continues until a bottoming out.   
    3. Venture Capitalists decide not to make capital calls to their Limited Partners, sometimes as a courtesy, other times the result of a directive. They know their LPs have been heavily impacted by the market collapse and don’t want to stress them more.
    4. Fight to qualify: Portfolio companies that are profitable have opportunity to get additional funding to deploy in the down market to capture market shares.
    5. Portfolio companies that are close to profitability are forced to take a haircut on financing rounds — if they can even get them (think down rounds, warrants and multiple liquidation preferences).
    6. Struggling portfolio companies are left to figure it out for themselves.
    7. Seed Rounds Plummet: New startups will get funded at half to 1/3rd the price of similar companies the year before (i.e. $2-5m compared to $4-15m today).  
    8. Costs to acquire customers (ads), talented employees and M&A all plummet — allowing the strong and well-funded to become unstoppable (think Netflix, Google, Facebook and Amazon).

    After a crash, the stock market tends to recover in a couple of quarters (think three to six).

    The startup market, however, lags two or three years behind the public market recovery because angels and LPs who lost all their money will swing from being greedy to fearful.

    Right now we are at Peak Greed, with investors in unicorns, real estate and public markets all excited to deploy capital.

    After the Great Recession, these same high net worth decision makers were figuring out how to rent or sell their second homes, deal with having to fly commercial again and downsize their domestic staffs.

    It takes years for these high net-worth decision makers and stewards of capital to regain their confidence — years that 80% of startups don’t have.

    When high net-worth investors (HNIs) clean up their personal balance sheets and deal with the horror of losing half their chip stack, they will invest in your crazy vision again — but most founders will be out of business by that time.

    The Startup Preppers Disaster Planning Guide

    If you take the advice outlined below, you will be able not only to survive a crash, but even to take market share through it.

    Step One: Imagine that ‘the event” occurred today; ask yourself the following questions:

    1. Am I at, or can I get to, profitability on the money I have?
    2. Am I in the top 1/3rd of my investors’ portfolio?
    3. Are my customers loyal enough to keep consuming my product in a down market?

    If you answered yes to all three questions above, congratulations you’re crushing it!

    Go raise “opportunistic money” from your existing investors at a good or great price — they will be happy to own more of your company and help you cement your win.

    If you answered yes to one or two of these questions, congratulations, you’re doing good work!

    Go raise money from your existing or other investors at an OK or good price — they will be happy to own more of your company and see you get to the point of answering “yes” to all three questions.

    If you didn’t answer yes to any of these questions, you’re either very early (reasonable), haven’t found true product-market fit yet (reasonable) or you’re not a good founder (why are you doing this instead of working for someone else?).

    If the reason you didn’t answer yes to any of the questions is you’re early and trying to find product-market fit, go raise enough money from almost anyone (no judgments), so you have 18 months of runway and you can figure it out.

    If you’re reading this and have the feeling that you’re not cut out to be a founder, now is a fine time to merge your company with another founder and startup you highly respect and go kick-ass on someone else’s management team. (Of course, most folks are not self-aware to understand this.)

    Bottom line: In almost all of the cases above, my advice is to build a war chest of capital so that you can deploy it in the down market.

    In all of these cases, you want to raise from the best investors you can at the best price you can, but what you should not do is risk having less than 18+ months of runway in your bank account.

    How to Win the Down Market

    If we do enter a down market, and you have 18-36 months of capital in the bank, you will be able to capitalize on the following:

    1. Attention: Consumers and businesses will have fewer people asking them to try their products. This means it will be easier to get sales meetings and consumer trials.
    2. Lower Costs: You can literally go to all your vendors and ask them to give you a 50% discount and watch most of them offer to keep you as a customer at a lower price!
    3. More Talent: As startups shutter and big companies do rounds of layoffs, you’ll be able to find talented people at reasonable prices — go get ‘em!
    4. Marketing: The cost of marketing will plummet as demand dries up. Think about, if you’re a CEO and the market crashes, do you want to spend $30,000 a month for a billboard on the 101 freeway? No, you want to put that money toward customer acquisition. But what if you could get five billboards for $30,000 and that resulted in a great ROI? Well, then that’s what you’d do!

    Down markets are wonderfully quiet and efficient times for well funded startups.

    If you’ve gotten this far, what I am imploring you to do is “top off” your funding. There is little downside to topping off, and there is a significant (perhaps 10-30% chance) risk of ruin if you don’t.

    There is, of course, the possibility that we will have the longest bull market in history, with another decade of “up and to the right” in all markets!

    In that case, well, we will all be fabulously wealthy and we can all consider this a monotonous, while virtuous, fire drill.

    And, in that case, you will still be glad you built your company on the premise that not a single dollar of future capital is a sure thing.


    PS – Back in the day, Sequoia Capital sent me a similar warning. It was amazing advice for startups in their community, which became relentlessly focused on delighting customers and finding repeatable, high-margin, business models.



  • Jacqui 05:05:07 on 2018-05-25 Permalink
    Tags: Uncategorized   

    Ian Bernstein :  Founder & Head of Product at Misty Robotics 

    On the latest episode of This Week in StartupsIan Bernstein, former Co-Founder & CTO of Sphero and current Founder & Head of Product at Misty Robotics stops by. Ian introduces his programmable robot, Misty II, and we discuss the current state of generalized robotics, as well as more advanced functionalities that seem to be just around the corner.

    Join us for a glimpse into the future of consumer robotics, AI, the brain-computer interface, and more 🔥.

    This podcast is brought to you by Weebly. A good looking website is great, but a website that turns into a successful online business is better.

    With Weebly, you can manage inventory, collect payments, run promotions and even live-chat with customers. When you’re ready to grow, Weebly can help you get discovered on search engines, create marketing campaigns, and help you with retargeting customers.

    Go to Weebly.com/twist today to learn more & receive a 15% discount on your first purchase.

    This episode is also brought to you by LinkedIn. Get access to LinkedIn’s marketing tools and target your customers with precision.

    Redeem your first free $100 ad credit by visiting linkedin.com/thisweekinstartups.

    Show Notes:

    01:50: Introducing Ian Bernstein, former co-founder and CTO of Sphero and founder and Head of Product at Misty Robotics. Ian talks about founding entertainment robotics company Sphero, the high cost of marketing, more.

    05:48: Ian explains how adding character, personality, and gamification to Sphero’s robots led to a Disney-sanctioned BB-8 robot.

    11:55: Thank you to sponsor, Weebly. Visit weebly.com/twist for 15 percent off your first purchase.

    15:05: Ian talks about the history of generalized robotics and and the inspiration to create Misty Robotics. He also covers lack of consumer readiness as a cause for market failure. He says companies like Amazon are paving the way for more advanced home robotics by building useful AI and familiarizing people with it.

    20:14: Ian demonstrates the Misty robot. Currently targets developers without robotics experience. The robot is programmed via JavaScript. He lists available functions, including 3D mapping, navigation, voice interaction, computer vision, more. Misty is designed to be hackable in terms of software and hardware. The company is letting developers build whatever they choose right now, but will establish a more controlled system later.

    25:53: Thank you to sponsor, LinkedIn. Visit linkedin.com/thisweekinstartups for a $100 a credit.

    29:00: Jason and Ian talk about marijuana use at work and the impact on productivity of getting into a flow or zone.

    31:30: Ian says Misty I, the robot his company handcrafts in Colorado, is now available. Misty II will be available in December (on presale now through May 31). It runs $3.2k but it’s currently half off and TWiST listeners get another $100 off. Ian says one of the reasons Misty chose crowdfunding was to build a community, as, he says, most consumer robotics apps will come from third-party developers.

    34:21: Jason asks when generalized robotics will expand from the hobbyist tinkerer space into useful functionality for average people. Ian says the tech required for general functionality is just now becoming affordable for consumers. Ian notes Misty will support Cortana, Google Assistant, and Alexa. Also has Arduino integrations. Ian and Jason talk about the power of having an assistant-equipped robot following you around. The pair discusses fun and practical applications.

    44:52: Jason asks about Misty Robotics’ strategy in terms of funding, the pace of development, etc. Ian says that while hardware startups are still difficult because the development process is slow and requires several years of runway, investors are becoming more open to it right now. It’s very important to get the right people involved. He says Misty spun out of Sphero in order to focus specifically on home robots.

    48:35: Jason lists a series of jobs, asking Ian which ones are best performed by a robot today. For jobs best performed by humans, he asks how long it will be before robots can take over. They discuss what’s currently (theoretically) possible and the importance of 100-percent functionality versus robots that can perform only some parts of a given process.

    58:21: Jason asks about the state of robotic arm technology and notes the falling cost. Ian speaks about software improvements making lower-cost arms and hands more precise. Sensors and AI play a significant role in improving precision. Jason asks about advanced prosthetics and Ian talks about brain-computer interfaces for prosthetics and for home robots.

    1:02:25: Jason asks Ian what robotics developments in the past year have impressed him the most. Ian says the space is accelerating quickly. Boston Dynamics’ engineering is incredible. The pair discusses applications for Boston Dynamics’ dog-like robot.

    1:04:28: Jason asks about Misty in schools. Ian says that in 15–20 years, robotics will be critical for young people coming out of college, so it’s important that children today have some introduction — the same way he was introduced to computers as a child.

    Reminder to listeners to visit mistyrobotics.com/thisweekinstartups for $100 off the Misty II.

  • Jacqui 13:31:44 on 2018-05-17 Permalink
    Tags: Uncategorized   

    Ryan Rzepecki – Founder & CEO of JUMP Bikes 

    On episode 820 of This Week in Startups, I sit down with Ryan Rzepecki, Founder & CEO of JUMP, the dockless, electric bike-share startup that Uber acquired last month for 9-figures. We discuss the many ways in which multimodal transit solutions can transform cities, the future of commuting versus denser cities, the regulatory changes needed to build the cities of the future, and much more.

    Join us for a lively discussion about the challenges of transitioning from a car-oriented society to a multimodal society, and for a glimpse at the future of urban life.

    This podcast is brought to you by Wordpress. Your business needs an online home, it needs a WordPress.com website. 28% of all websites on the web currently run on WordPress.

    We use Wordpress at LAUNCH to host our This Week In Startups website, and Jason’s blog, Calacanis.com.

    Go to WordPress.com/twist for 15% off your brand new website.

    This episode is also brought to you by Walker Corporate Law. A boutique law firm specializing in the representation of startups & founders.

    Walker Corporate Law Group encourages fixed fees, whether you’re starting a company, going through M&A, licensing agreements, terms of service, etc, you will always know the cost upfront.

    Visit WalkerCorporateLaw.com or talk to Scott Walker, the founder, directly at scott@walkercorporatelaw.com or (415) 979-9998.

    Show Notes:

    00:47 – Jason, an Uber investor, introduces Ryan, founder and CEO of the Uber-owned dockless electric bike-share company, JUMP. Ryan talks about the conception and founding of his company.

    03:15 – Ryan explains the electric assist feature of JUMP’s bikes and the regulatory benefits of limiting the fleet to Class 1 electric assist (no throttle, the motor only engages while the user is pedaling).

    06:36 – Ryan explains the locking mechanism, which enables dockless sharing. He also talks about where users can leave the bikes, which leads to a conversation about cities making more space for electric bike and scooter parking/charging.

    11:52 – Thank you to WordPress, which powers the TWiST site and Jason’s personal blog. Go to wordpress.com/twist to get 15 percent off any new plan.

    14:51 – Ryan talks about the falling cost of electric bikes and battery packs. He covers the average income for each bike and the costs of operations and maintenance. He explains JUMP’s plug-free charging system. Currently, JUMP has to pick bikes up from drop-off locations and bring them back to a charging station. JUMP is currently expanding incentives for users to bring bikes to a station for charging. He and Jason also discuss the possibility of a standardized charging system, usable by bikes from multiple companies.

    19:57 – Jason asks about bike thefts. Ryan says JUMP operates in multiple cities around the world and theft is immaterial to the business. There is no aftermarket for heavily branded and specialized bikes.

    21:58 – Ryan talks about JUMP’s relationship with cities and says city governments benefit from JUMP’s data.

    22:48 – Ryan talks about the need to scale its fleet, as San Francisco users find no nearby bikes for one-third of app opens. He also talks about people choosing JUMP over short Uber rides.

    24:41 – Thanks to our sponsor, Walker Corporate Law, which focuses on serving founders and startups. Visit walkercorporatelaw.com.

    26:33 – Jason brings up the Uber acquisition and says bike-sharing is exactly what Uber needs. Ryan says that for JUMP, the sale to Uber will enable rapid global expansion. They discuss the leadership skills of current Uber CEO Dara Khosrowshahi and the legacy of former CEO Travis Kalanick. They also discuss Uber giving its leadership in each city the power to experiment.

    31:10 – Jason asks what a government would need to do for JUMP to reach scale in a given city, and what that would look like. Ryan says JUMP would need to track utilization rates but a city like San Francisco might support up to 10k bikes. That would require the reallocation of public space for parking and charging. The city would benefit as JUMP would pay for infrastructure and provide the city with data. Would also reduce congestion.

    36:43 – Jason says Uber drivers could be paid to return JUMP bikes to charging stations or to areas where they’re needed. Ryan says Uber already has great tech for demand repositioning. He notes Uber’s multimodal partnerships and says the company provides an excellent alternative to car ownership.

    39:49 – Jason asks about JUMP’s city permit fees and talks about how partnerships with transportation startups can be beneficial to cities, providing increased revenue, reduced pollution etc. Ryan says Copenhagen probably has the best bike lanes/bike-only roads.

    41:39 – Ryan talks about his time working at the New York City Department of Transportation and the closure of Times Square to create pedestrian plazas. He and Jason talk about the increasing popularity of bikes in New York and San Francisco.

    45:38 – Ryan talks about JUMP’s footprint (40 cities in six countries) and future expansion plans. He and Jason talk more about the utilization of public spaces, congestion, the inefficiencies of parking, the long-term trend of making streets friendlier to people, more.

    50:06 – Jason and Ryan talk about how autonomous vehicles could change commutes, where people choose to live, etc. Those who can work while traveling to the office might be more likely to live farther away from their offices. Self-driving cars could reduce congestion and enable higher speed limits, possibly enabling sprawl, however, denser cities are likely the better solution.

    56:08 – Jason closes the show by saying JUMP represents entrepreneurship at its rawest and best: years of passionately working on an idea without anyone taking much notice, followed by a great outcome.

  • Jacqui 01:38:34 on 2018-05-14 Permalink
    Tags: Uncategorized   

    Brendan Eich — Founder of Brave, Mozilla & Creator of Javascript 

    Episode 819 of This Week in Startups features a fascinating interview with JavaScript creator, Mozilla co-founder, and now Brave Software Founder & CEO, Brendan EichBrave Software offers a browser with built-in ad and tracker blocking. We dig into the details of Brave’s Basic Attention Token (BAT), the ethics of online advertising, the browser wars, the shady nature of many ICOs, and more.

    Join us for an insight-rich conversation between two long-time web insiders.

    Receive these episodes in your inbox

    This podcast is brought to you by Asana, which gives teams everything they need to manage projects, tasks, and work productively to deliver better results, faster.

    We use Asana at LAUNCH to manage our pre/post-production tasks for This Week In Startups, blog posts, incubator, event planning, and more.

    Start using Asana today for free. Go to asana.com/twist to sign up.

    This episode is also brought to you by Squarespace. Build beautifully designed websites in a matter of minutes.

    We use Squarespace for all of our LAUNCH websites, such as LAUNCH Festival Sydney coming up in June 2018.

    Visit squarespace.com and enter offer code: “twist” to save 10% on your first purchase of a website or domain.

    Show Notes:

    04:39Jason covers Firefox’s deal with Google search (before Chrome launched). The pair discusses the launch and dominance of Chrome.

    00:42 — Introducing today’s guest Brendan Eich, the creator of JavaScript, Mozilla co-founder, and co-founder/CEO of Brave Software. Brendan explains the origins of JavaScript.

    03:06 — Brendan discusses Brave’s motivation for creating a new browser. He says the current top browsers are essentially owned by advertisers. Brave includes ad-blocking and anti-tracking tech.

    08:47 — Brendan talks about Brave’s launch, user experience versus publishers’ ability to advertise, the legality and ethics of ad-blocking, and a new model for publisher revenues.

    11:32 — Jason thanks sponsor Asana. Visit asana.com/twist and try it for free.

    15:32 — Jason asks about sites that either restrict ad-blocking users or that simply don’t function correctly with ad-blocking browsers. Brendan says Brave is developing machine learning and web crawling to automate exception handling.

    16:09 — Brendan explains Brave’s Basic Attention Token. He says Brave will serve to prove the BAT’s value, and hopefully, other browsers will adopt the tech. Brendan says many ad-blockers don’t prevent tracking, and they receive substantial payments to let some ads through.

    17:47 — Brendan demonstrates Brave and shows a graphic that details the ads and trackers that load at TMZ.com with other browsers versus what loads when using Brave. Jason and Brendan discuss how some trackers are used to work against publishers and users.

    22:49 — Brendan says Brave hopes to launch its own ads, free of trackers, which can be targeted without compromising anonymity (using zero-knowledge proofs).

    26:12 — Jason asks about how Brave handles Facebook and third-party tracking, says the Like button was a huge scam to gather publisher data and destroy publishers.

    29:22 — Jason thanks sponsor Squarespace, which powers all of LAUNCH’s event sites. Use offer code “twist” to get 10 percent off your first purchase.

    32:01 — Jason talks about the shady nature of many ICOs, then asks Brendan about the Ethereum-based Basic Attention Token (BAT). Brendan says Brave’s ICO helped to fund the project and supply users with BAT, which can be used to reward creators, more. Users can also fund their own wallets. He also demonstrates how Brave automatically rewards publishers based on user attention and how users can set budgets and only fund specific sites.

    40:23 — Brendan says Brave has 16k publishers and 10k YouTubers on board to collect payments. The pair discusses YouTube’s biased demonetization practices and the effect they have on lower-level creators.

    45:02 — Brendan says Brave’s top partner publishers are generating thousands per month from Brave. Jason asks about BAT support at various exchanges and what that could do for Brave. Brendan says Brave is building a long-term platform and BAT is a utility token (though some users are interested in the speculative aspects).

    48:35 — Brave claims more than 2.2M monthly active users and expects 5M by fall. Brendan talks about advertising goals at scale.

    50:42 — Brendan talks about Brave’s fundraising, the costs of operation, BAT’s value and potential beyond Brave. Jason talks about Mahalo’s virtual currency initiative.

    54:34 — Jason and Brendan discuss fraud in advertising, then Brave’s rising profile among large companies.

    57:12 — Jason asks why average consumers are finally paying attention to online privacy. Brendan says people aren’t just responding to big stories about data breaches; they’re noticing very specific ad targeting.

    58:14 — The pair discusses major companies facing investigations, lawsuits, regulations, etc.

    1:01:45 — Jason asks how Brave will know when it has succeeded. Brendan says standardization: when BAT is used by other apps. Standardization also applies to anonymous donations and anonymous ads revenue. Jason agrees that consumers should get some ad revenue for viewing or interacting with ads.

    1:03:38 — Jason asks Brendan about Prop 8 and surrounding issues.

  • Jacqui 03:21:14 on 2018-05-06 Permalink
    Tags: Uncategorized   

    News Roundtable: Elon Musk rants, FB Dating, Telegram cancels ICO, CamAnalytica folds 

    Join us for another News Roundtable episode of This Week in StartupsDave MathewsAustin Smith, and I discuss an action-packed week of big news. Topics include Elon Musk’s earnings conference call, Facebook dating, Jan Koum’s departure, Telegram’s canceled ICO, and more.

    Don’t miss the return of “Guess the fake Startup!”

    Receive these episodes in your inbox


    01:23Jason introduces TWiST regulars, NewAer founder Dave Mathews and Inside.com President and GM Austin Smith for this news-packed episode.

    03:07 – Tesla’s earnings conference call, in which Elon Musk dismissed multiple questions. Jason says Elon doesn’t have to play analysts’ games, and that some questions came from short sellers who are trying to manipulate the stock. Dave discusses robotics in auto manufacturing.

    12:36 – Jason thanks sponsor Walker Corporate Law, which provides flat-rate pricing and focuses on founders and startups: walkercorporatelaw.com

    13:50 – Guess The Fake Startup returns: Austin describes three dating app startups and Jason and Dave guess which one isn’t real.

    • Delightful.com: Match Group product with Steve Harvey serving as “Chief Love Officer”

    • HODL My Heart: Dating for cryptocurrency and blockchain early adopters

    • Clown Dating: Dating for clowns and clown lovers

    27:52 – Jason thanks sponsor Athletic Greens. TWiST fans get 20 free travel packs with first purchase. Visit https://athleticgreens.com/twist

    29:39 – Facebook’s f8 conference: Oculus Go, Clear History, and news of a coming dating feature (which punished Match Group stock). Dave notes the awkward timing of announcing the dating feature while the Cambridge Analytica scandal is still in the air. Jason isn’t sure users are concerned about it (Austin agrees), and says Facebook is already functioning as a dating site. He also says Facebook could block Tinder from using Facebook Login and use Instagram and other Facebook properties for dating.

    38:19 – Jan Koum leaving Facebook: Dave talks about the passion he shares with Koum: air-cooled Porsches. After discussing Koum’s stated reason for leaving (Facebook’s business practices and weakening WhatsApp security), Dave says a source told him the app’s encryption keys are already compromised. Jason talks about data mingling between Facebook apps and says the company cannot be trusted. He advises founders to disbelieve any promises Facebook makes in an acquisition offer: do not sell to Facebook.

    46:11 – Cambridge Analytica shutdown, bankruptcy.

    48:28 – Telegram cancels public ICO after raising $1.7B via pre-sale. Jason says this is the kind of thing the SEC needs to investigate immediately. The trio discusses the practical applications of Telegram’s virtual coin and the considerations for ICO investors and LPs.

    59:10 – Video of the Week: Puppy rescued from drain by drone with a custom-built crane.

    1:03:24 – Scooter-rental bike wars in San Francisco. Jump Bikes, Bird, LimeBike, Spin, etc. The trio covers safety issues, including users riding on the sidewalk rather than in the bike lane. People are also keeping scooters locked up for personal use, removing them from the pool.

    The groups also discuss other transportation issues, such as street congestion caused by cars and trucks competing with scooters and foot traffic.

    1:20:27 – Jason talks about LAUNCH Festival Sydney and Founder.University.

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