Emergency Pod! uBiome: Anatomy of an Alleged Fraud with Wall Street Journal reporter Amy Dockser Marcus | E1192

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Podcast Notes: https://rb.gy/tjw046

Check out Amy’s work at the WSJ: https://www.wsj.com/news/author/amy-dockser-marcus

FOLLOW Amy: https://twitter.com/AmyDMarcus
FOLLOW Jason: https://linktr.ee/calacanis

Listen here:
Apple: https://podcasts.apple.com/us/podcast/this-week-in-startups-audio/id315114957
Spotify: https://open.spotify.com/show/6ULQ0ewYf5zmsDgBchlkr9
Overcast: https://overcast.fm/itunes315114957/this-week-in-startups-audio

Show notes:
0:00 Today’s topic: uBiome’s alleged fraud!
2:08 Jason intros Amy Dockser Marcus & they discuss Amy becoming aware of uBiome & their initial product & pitch
7:01 Monetization, co-founder romance similar to Theranos, where investors dropped the ball
10:23 Vanta – Get $1000 off your SOC 2 at https://vanta.com/twist
12:01 uBiome’s funding history & allegations from the indictment
17:22 How did the alleged fraud get leaked to the FBI? Are the co-founders MIA? Is citizen science a valid field?
25:11 Dell – Sign up for a free IT consultation at https://launch.co/dell
26:46 Failure in diligence, Jessica Richman’s similarities to Elizabeth Holmes, grifter tactics
39:33 OurCrowd – Sign up for a free account at https://www.ourcrowd.com/twist
41:04 Which alleged fraud is worse: insurance or securities, time commitments for modern investigative journalism
46:17 Top investigative journalism movies of all time

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