Jason's DTC investment thesis, Jokr looking to raise $50M, liquidation preference breakdown, witness in Elizabeth Holmes trial goes rogue | E1553

First up, Jason explains his DTC investment thesis (3:00), before he and Molly give some insight into the Bay Area heat wave (13:41). Then, Jason and Molly dive deep on reporting that instant delivery startup Jokr might be raising a new round with unusual liquidation preferences (25:50), then Jason breaks down what liquidation preferences are with some spreadsheets. To wrap, J+M cover a witness in the Elizabeth Holmes trial going rogue! (53:27) (0:00) J+M tee up today's topics (3:00) Holiday weekend catch up + Jason explains his DTC investment thesis (12:15) Notion - Sign up for FREE at https://notion.com/twist  (13:41) Bay Area heat wave, Burning Man recap (24:31) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST (25:50) Jokr look to raise between $35M-$50M from existing investors, why they have closed operations in the US, how immigration and labor plays into Jokr's decision (33:43) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist (35:01) Breaking down liquidation preferences and why Jokr investors are looking for an unusually large liq pref in its upcoming round (53:27) A witness in the Elizabeth Holmes case has gone rogue! FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1