Naval's $500 VC fund, the Maduro Polymarket scandal, and NYT defends theft and murder | E2280

This Week In Startups is made possible by: Northwest Registered Agent - https://northwestregisteredagent.com/twist LinkedIn Jobs - https://LinkedIn.com/twist Today's show: It's a News and Off-Duty weekend roundup! AngelList's USVC fund is open to anyone with $500, but it's getting pushback on social media. Do the critics have a point? A Special Forces soldier made $409K betting on the military's capture of Venezuelan leader Nicolas Maduro. Is the world just a big casino now? And a NYT podcast defends shoplifting and explores "social murder." Find out why Jason says they crossed the line. Plus: Why you should teach your kids about investment and more, Off-Duty streaming and book recommendations. Related Links USVC: https://usvc.com/ AngelList: https://www.angellist.com/ Naval Ravikant on X: https://x.com/naval "Don't Listen to the Peanut Gallery; USVC is a Watershed Moment" by Hari Raghavan: https://x.com/haridigresses/status/2047503944839016681 @Covered_Call USVC tweet: https://x.com/covered_call/status/2047020060900733306 Forge Global: https://forgeglobal.com/ Calm: https://www.calm.com/ Full DOJ indictment of Gannon Ken Van Dyke: https://www.justice.gov/opa/pr/us-soldier-charged-using-classified-information-profit-prediction-market-bets NYT "The Opinions" podcast: "The Rich Don't Play by the Rules. So Why Should I?" https://www.nytimes.com/video/opinion/100000010849055/the-rich-dont-play-by-the-rules-so-why-should-i.html Hasn Piker on Twitch: https://www.twitch.tv/hasanabi New Yorker: Jia Tolentino: https://www.newyorker.com/contributors/jia-tolentino NYT: Nadja Spiegelman: https://www.nytimes.com/by/nadja-spiegelman Jia Tolentino on X: https://x.com/jiatolentino Garry Kasparov on X: https://x.com/kasparov63 Prof G Media: https://www.profgmedia.com/ Kids Investment Club: https://www.kidsinvestmentclub.com/ Time stamps:0:00 Intro 1:18 Naval's $500 VC Fund Explained 5:54 Should You Trust Critics With 2K Followers? 7:21 Learn By Betting — Jason's Philosophy 10:10 Northwest Registered Agent - Get more when you start your business with Northwest. In 10 clicks and 10 minutes, you can form your company and walk away with a real business identity — Learn more at https://www.northwestregisteredagent.com/twist 12:30 The Maduro Polymarket Scandal 13:28 Should the Military Bet on Missions? 19:55 LinkedIn Jobs - Hire right, the first time. Post your first job and get $100 off towards your job post at https://LinkedIn.com/twist 29:32 NYT Defends Theft & "Social Murder" 30:28 There Is No Moral Equivalence 33:41 The Nepo Baby Behind the Article 35:42 Prof G's "Resist & Unsubscribe" Movement 37:54 Walk The Walk — Hasan, Bernie & Performative Outrage 44:49 Teaching Kids About Money 48:21 The Rich Get Richer & The Poor Stay Poor Off Duty Recommendations "The Complete Maus" by Art Spiegelman: https://www.amazon.com/Complete-Maus-Art-Spiegelman/dp/0679406417 "Thinking in Bets" by Annie Duke: https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions/dp/0735216355 "Queen of Chess" trailer: https://www.youtube.com/watch?v=8pmJgtLKBXg Greenlight app: https://greenlight.com/ Subscribe to the TWiST500 newsletter: https://ticker.thisweekinstartups.com Check out the TWIST500: https://www.twist500.com Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp Follow Lon: X: https://x.com/lons Follow Jason: X: https://twitter.com/Jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis v Check out all our partner offers: https://partners.launch.co/ Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland Check out Jason's suite of newsletters: https://substack.com/@calacanis Follow TWiST: Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin Instagram: https://www.instagram.com/thisweekinstartups TikTok: https://www.tiktok.com/@thisweekinstartups Substack: https://twistartups.substack.com