Saudi Arabia discloses LP positions & SEC charges Frank founder with fraud | E1713

This Week in Startups

Apr 04, 2023•47 min

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Episode description

First up, Jason touches on Saudi Arabia’s Public Investment Fund disclosing which VC firms it has made LP investments in (2:48), which leads to him pondering the human rights issues and if founders care where their money comes from (18:52). Jason caps off the show by breaking down the SEC’s charges against Frank founder Charlie Javice for allegedly closing a $175M acquisition based on over 4M fake user accounts (30:18).

(0:00) Jason kicks off today’s show

(2:48) Saudi Arabia discloses LP positions

(8:24) MasterClass - Get 15% off an annual membership at https://masterclass.com/startups

(9:52) Why is Saudi Arabia diversifying?

(17:21) Miro - Sign up for a free account at https://miro.com/startups

(18:52) Founders’ thoughts on where their funding comes from

(21:26) Jason’s passion for human rights

(29:01) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist

(30:18) Frank founder charged with fraud

(33:03) Be clear about your customers

(34:35) Allegations against Charlie Javice

(47:00) Lessons for founders