News Roundtable with Adeo Ressi, Jay Levy, Tyler Crowley and Kirin Kalia #144

TWiST Episode #144, News Roundtable with Adeo Ressi, Jay Levy, Tyler Crowley and Kirin Kalia
On a special Tuesday news roundtable program, Jason welcomes Adeo Ressi of The Founder Institute and Jay Levy ofZelkova Ventures to the program. Up for discussion are LinkedIn’s much-anticipated IPO, Amazon’s move into the book publishing space, Groupon’s recent Loopt acquision–and Jason’s special message to Steve Jobs.

To follow along with the discussion, go to http://bit.ly/TWiSTMay24 to see the full list of news stories covered.

1:00-2:30 Welcome and introduction of guests.
2:30-3:00 Thank you to the TWiST List producers. If you’d like to become a member visit TwistList.co.
3:00-5:00 Jason channels Barry Gibbs.
5:00-6:00 Jason is the new CEO of the This Week In networks.
6:00-8:00 GoToMeeting ad.
8:00-9:30 Welcome to Adeo Ressi and Jay Levy.
9:30-10:15 LinkedIn had its IPO last week and shares climbed to $115 on the first day of trading.
10:15-11:00 Jay, as a VC, what are your thoughts on the LinkedIn IPO?
11:00-12:00 Adeo, bubble, no bubble? Is LinkedIn the real deal or is it over-priced?
12:00-13:45 Tyler, what are your thoughts?
13:45-15:30 Jay thinks LinkedIn is where business relationships go to die.
15:30-16:45 Should LinkedIn be able to say, “We believe our stock should be valued at x dollar”?
16:45-17:30 Amazon enters the book publishing arena.
17:30-18:00 Adeo, what handicap to you give them?
18:00-18:45 What does this mean for other industries, what about television?
18:45-19:30 Jay, should Amazon be biting the hand that feeds them?
19:30-20:30 Does this mean that eventually Google will break their sacred wall between being an ad platform and being a content owner?
20:30-21:30 Is it inevitable, Jay, that Google will enter publishing?
21:30-22:00 Groupon has partnered with Loopt, a persistent location tracking app.
22:00-22:30 Adeo, what are your thoughts?
22:30-22:45 Tyler: Groupon is entering big into mobile.
22:45-23:30 Jay, do you think Groupon and Foursquare are on a collision course?
23:30-24:00 Do young people really care about privacy?
24:00-24:30 Square brings one-click purchasing to brick and mortar merchants.
24:30-25:30 Adeo, what do you think about this crowded marketplace? (Watch the clip.)
25:30-27:00 Can Square replace VISA or Mastercard?
27:00-28:00 Tyler: There are 100s of POS systems, but they all look like crap compared to Square.
28:00-28:45 Kirin: The restaurant industry is not the Internet industry.
28:45-29:00 Eventrbrite raises another $50M.
29:00-29:45 Jay: It’s about time there are some startups going after Ticketmaster. (Watch the clip.)
29:45-32:00 Adeo: Eventbrite is one of the great companies of our time.
32:00-36:00 Ad for Squarespace.
36:00-37:00 Apple factory explosion in China leaves 3 dead.
37:00-40:00 Message to Steve Jobs: Do what Bill Gates has done: Try to make the world a better place. Champion the rights of workers in China. (Watch the clip.)
40:00-41:15 Tyler: Apple can’t fart without making headline news.
41:15-43:00 Adeo: Apple has a bank of housewives talking vendors down on price.
43:00-43:45 Social media has great power to create change.
43:45-44:30 Do@ raises $7M to compete against Google on mobile search.
44:30-46:00 You can do niche work that leapfrogs the search engines, but sustainability is hard. You can’t really beat Google.
46:00-47:30 Adeo: I think it will be tough for Do@ to be successful.
47:30-48:45 Jay: I’m looking forward to seeing Siri launch on the iPhone 5.
48:45-49:30 Entrepreneur and investor Tammy Camp alleges that a prominent conference organizer banned her from the conference because she wouldn’t have sex with him.
49:30-49:45 Why is there such hesitation to name the name?
49:45-51:30 Adeo: Silicon Valley is the most male-centric place that you can possibly imagine.
51:30-52:30 Jay: I think that our industry has a way to go in terms of gender equality.
52:30-54:30 Kirin: This makes me furious. Why can’t men keep it in their pants?
54:30-55:30 Adeo: There’s no question that all the major tech journalists are being offered significant bribes.
55:30-57:30 How do we change this by the time our daughters are in the industry?
57:30-58:30 Jason promises to take Jay to sushi in NYC when he’s there for the ReadWriteWeb 2WAY Summit.
58:30-59:15 The debate between single and multiple founders and the age of the founder.
59:15-1:00:00 Adeo is angry that the numbers are based on an unscientific poll and biased sample pool.
1:00:00-1:01:00 If an older entrepreneur makes a big exit, they may opt out of starting a new company in favor of enjoying their success and investing.
1:01:00-1:02:30 Adeo: I’ve surveyed over 2000 entrepreneurs and the data that Ron and his team have published is just wrong.
1:02:30-1:04:15 Jay published a piece on his blog about the ponzi scheme occurring within the startup/VC community.
1:04:15-1:05:45 Explain what a cap is in investing terms.
1:05:45-1:07:00 Read Jay’s post at blog.zelkovavc.com.
1:07:00-1:07:30 Jay: The bubble is another 9-12 months out.
1:07:30-1:08:15 Adeo: The problem is that two humps have been created: The first is of early stage money, then nothing in the middle. Then on the other side is Zynga-style money.
1:09:30-1:10:00 Thank you to Jay and Adeo for being on the program.
1:10:00-1:12:00 Jason tells the story about a company hiring people to write negative Yelp reviews, then blackmailing the company into paying for them to write positive reviews.
1:13:00-1:13:15 Thank you to Squarespace and GoToMeeting for sponsoring the show.
1:14:00-1:14:30 To get a ticket to the ReadWriteWeb 2WAY Summit, join the TWiST List and get one for free!
1:15:00-1:16:30 Jason asks Tyler to interpret his dream about Lady Gaga and Pearl Harbor.

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FOLLOW ON TWITTER

Jason: @jason
Adeo: @adeoressi
Jay: @zelkovavc
Tyler: @steepdecline
Kirin: @kirinkalia

Special Thanks to the TWiST List Team!
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