This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Is this the end for the Roomba? Why iRobot went bankrupt | E2224
Domestic robots have never been hotter… so why is iRobot in so much trouble?! On TWiST, we’re investigating the recent troubles facing the automated vacuum robot, Roomba. We’ve all seen these little discs sweeping up our friends’ floors… but now the company behind them is running out of cash. What happened to iRobot, and would things have turned out differently if they had been sold to Amazon back in 2022? PLUS why Jason thinks you should spend your disposable income on investing… Is Alex still a journalist, and what does that actually mean for his portfolio?… Are founders and investors too cautious when it comes to signaling risk?… Why did all those internal Pipe documents leak online?… And MUCH MORE!
Key Points
- AI is revolutionizing the workforce, with many jobs at risk of being automated, which emphasizes the importance of upskilling and investing in new technologies.
- The INVEST Act, which recently passed the House, aims to ease the formation of venture capital funds and broaden access to investment opportunities, potentially democratizing wealth creation.
- Despite regulatory hurdles blocking its acquisition by Amazon, iRobot's bankruptcy shows the unintended consequences of antitrust actions, potentially benefiting foreign competitors like Chinese manufacturers.
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Transcript
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