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March 16, 2022 42 mins

Agenda:

  • Melvin is here to discuss WeWatch, the software company he runs. WeWatch builds an exclusive meeting recording software. SYT has been testing WeWatch with a free trial the last week, and Melvin wants to come in for feedback.

Takeaways:

  • Matt to replace all the cameras for all devices the employees, their friends, their family, and acquaintances  
  • Weekly privacy meetings coming back
  • DuckDuckGo is about to be required in SYT
  • Thea to keep dealing with the John PR nightmare

Marvin Janine Simpson is a businessman and raconteur with homes in Italy, Manhattan, and Detroit. He is not on social media, but would like to plug his primary investor: talented actor and comedian Declan Gallagher. You have find him on Instagram and Twitter @therealdeclang


Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Ben (00:07):
welcome to this startup is being recorded.
This recording is improvisedfiction.
Similarities between it and thereal world are entirely
intentional.
Now enjoy the recording.

Kate (00:22):
Okay.
Um, we're recording.
I just wanted to, I guess,before we get started, uh,
Melvin, I'll let you know.
And just everyone know that wedo record our meetings here at
SYT, um, S Y T all capital set.
Uh, we are a couch marketplacestartup about to secure that

(00:44):
series a funding, which will beso, so sweet.
Um, and we just want to makesure that we have everything
recorded for posterity reasons.
Uh, We do, of course have, uh,uh, Melvin, our guest here
today.
I guess before we dig into ouragenda to talk about, we watch,
let's just quickly go around andintroduce ourselves for any new

(01:04):
employees.
So I can go first.
I'm Kate I am the chief ofstaff, um, under John and he
couldn't make it today.
He, he said that, you know, he'sreally fine with any decisions
we make around tools that there,those are.
About him.
So no matter how much he seemsto be particular about those

(01:27):
things, I guess he's giving usthe choice to make our own
decisions.
Um, anyway, he won't be here,but

Thea (01:35):
all right.
I'm uh, I am the chief creativesare here at Metta market.
I'm sorry.
I'm so sorry, man.
I just, you

Kate (01:44):
I know,

Thea (01:45):
up about the tech though.
I stare at it all the time SYTI'll get there, you know?

Kate (01:51):
Yeah.,

Matt (01:52):
I'm uh, matt.yachts.
Uh, that's also my website.
More about me.
And I'm the CTO here at CIT.
All caps said that's why T

Kate (02:04):
great.

Matt (02:04):
is it

Eric (02:05):
and Eric, Troy Carter, chief product officer here at
SYT, sorry at SYT.
Uh, I feel like I haven't beengiving it a full.
The full weight of the caps.
Yeah.
If I was really stuck on thatfor awhile, but I'm, I'm, I'm
there now.
I'm excited.

Kate (02:21):
Um, Melvin, do you mind introducing yourself?

MJ (02:26):
Uh, yeah.
Hi guys.
Hello.
Thank you for having me.
I'm my name's uh, Melvin JanineSimpson.
I'm the founder and CEO of wewatch.
Of course it's an exclusivemeeting, recording software.
I don't need to tell you allthat course wrapping up your
free trial.
So hope you're all satisfied.
Yeah.

(02:46):
Thanks.
I'm excited to be here.

Kate (02:48):
yeah.
I mean, thanks so much forreaching out to us at the end of
the free trial.
Frankly, most software companiesdon't really give us this much,
uh, attention, but we're, um, Iguess excited to tell you our
feedback and see, see where wetake it from here.
I think we had some, some mixedresults internally, certainly,
but, uh,

MJ (03:09):
Oh, well, I mean, that's not what we want to hear.
Honestly, I don't want you tohave any, we want just positive
results.
So that's why I'm here.
We're going to kind of clear upany sort of potential misgivings
you might have about thesoftware or, uh, its uses
potentially uses or evenmisuses.
You know, uh, Kate, I did getsome very concerning emails, uh,

(03:32):
from your end and I felt theneed to kind of come here and do
a little PR of course, Matt andI know each other from back in
the day we have boated together.

Matt (03:45):
a while.
Yeah.

MJ (03:47):
It's been a long time.
Matt, have you been.

Matt (03:49):
Uh, oh, you know, just in the hustle.
Uh, it's a, if it's not anupdate, it's a.

MJ (03:56):
That's what we always used to say.
Yeah.
It's

Matt (03:59):
true.
Oh, I forgot.
Yeah, you were there when wecame up with that, man.

MJ (04:03):
That was a great night.
Yeah.
Is spinny was there?
I remember spinny.

Matt (04:07):
Oh my God.
I haven't thought about spinningin so long.

MJ (04:10):
I know.

Matt (04:10):
keep in touch with spinning?

MJ (04:12):
Yeah.
He went to jail actually.

Matt (04:14):
That's not surprising.

MJ (04:16):
fraud.
Yeah.
No, I wasn't surprised either.
Yeah.
Well, I said it makes sense.
Yeah.
Yeah.
So, um, but he's good.
I'm going to sing word from you,you know, I'll tell him, say
hello,

Matt (04:27):
oh, sure.

MJ (04:28):
time I write.

Matt (04:28):
Yeah.
And, uh, you can, you can lethim know, uh, what was that
other thing we always said, liveand learn.

MJ (04:34):
Within LAN that's right.

Matt (04:36):
Yeah.

MJ (04:37):
Oh man.
Oh, that's good.
Matt live in London.
God, I miss you guys.
We had what fun we had.

Matt (04:45):
Yeah.

Eric (04:46):
small world.

Thea (04:48):
Uh,

Matt (04:49):
Well I've oh, please.

Thea (04:51):
a lovely catch up between the two of you.
Um, but I will say I'm prettyexhausted the PR nightmare we
had last night.
Um, I wasn't aware that, uh,these streams stream all the
time, um, and, uh, you know,John got into a little bit of a

(05:13):
mess last night.
And team been up, uh, trying toscrub and, uh, you know, cover
up and deal with potentialbackfires as, as much as we can
from that.

Matt (05:30):
Um, which I, I guess, um, I can kick us off with, uh, one
of those.
So, uh, Melvin, um, I mean, heckyou're, you're still MJ, right?
Uh, MJ, if I could, uh, oneissue we've had is a, you know,
as an open startup, we're tryingto be, uh, fully transparent

(05:50):
about everything we do.
That's why we broadcast meetingslike this one.
And one of the things I wasexcited about for we watch is,
uh, you know, not necessarilyputting everything else out
there, but at least getting thecontext, uh, you know, what we
don't see between meetings, uh,maybe something we could share
internally or have your, yoursystems bring to these meetings

(06:12):
so that we, um, can more quicklyunderstand things in context.
Uh, but we're having sometrouble controlling.
When the thing seems to goonline, um, which is why like
Kate's using our regular meetingsoftware for this.
Uh, and, uh, I just wanna say,thank you.
Thank you, Kate, by the way, youknow, until we started playing
with this this week, uh, Ihadn't realized how much manual

(06:35):
effort you put into getting allof our stream recording going.
So thank you.

Kate (06:41):
Yeah, no problem.
No problem.
Just, you know, put on somemusic late at night and get the
stream going.
It's kind of fun, but yeah, Imean, I echo that we watch has
had so many great promises.
Um, it's I mean, frankly, it'spopping up a lot on my computer
right now.
Which is odd because I thoughtour free trial was over and I

(07:02):
had uninstalled it.

MJ (07:05):
Well, I'm gonna be honest with you K.
You know, that is the thing.
Yes, you'll free trial hasended, but of course we wouldn't
be the business that we aretoday.
If we didn't remind you that weare still out there because a
lot of people will kind of end afree trial and then they'll go
find a similar serviceelsewhere.
But we want to remind peopleactually.

(07:27):
This is probably the best placethat you're going to find this
particular service.
And I'm going to be honest withyou once you install us
software.
Um, it's all, well, I mean, I'mnot sure the technical terms,
not never been good withterminology, but it's living in
your camp.
I guess you could say, um, andit's always watching how you

(07:53):
move and eat and breathe.
So yes, you've got installed it,but we want to learn what are
the people who found, installedit doing now?
What are they looking for?
Are they single?
Are they looking to mingle?
Why did they uninstall usservice?
What are their addresses andnames?

(08:13):
That's just sort of the thingsthat we're looking to.
Ding, ding, ding, figure out,hit, hit, hit on the, on the,
you know, as, as my mom used tosay on the docket.

Thea (08:27):
uh, listen, I understand more than anybody, the
importance of collecting greatdata on our customers and using
the.
Marketing purposes.
Uh, and the value of that data,I really do.
I'm concerned that, uh, we'vehad several incidences the cams
turning on, um, night inpeople's private homes or, know,

(08:52):
um, they don't realize it and wewant to stream definitely
transparency is super importantMehta market.
Um, but.
Sit God, I'm sorry.
I'm

Kate (09:08):
That's okay.

Thea (09:10):
am so happy to, to have our transparency at CIT, but,
but there's a, there's a limitto what the public should know
about us.

Kate (09:25):
I mean, we are learning new things about our employees.
Um, like we really thought thatwe had figured out a way to
block all porn sites.
Um, not true, not true, which isa big problem, you know, that's
on us.
Um,

Matt (09:40):
as I repeatedly stated in, in those email threads, in the
meetings, uh, after the softwarewas installed in lunch, after we
installed extra firewalls, afterwe installed VPN detection
software, we're never going tobe able to block that.
Like people will always find away.

MJ (09:54):
Yeah, find a Y Yeah,

Matt (09:56):
Yeah.

Kate (09:57):
Yeah.

Matt (09:58):
that was, that was, that was what we used.
I was spinning, came up withthat.
Right.
Porn always finds.

MJ (10:02):
air pulling always finds a way.
Yeah.
It's Spinney said the funniestthing is my, like he, yeah.
He said, Paul always finds away.
And that was the other thing hesaid about, um, oh, uh, red
light means stop

Matt (10:15):
oh yeah.

MJ (10:16):
and that always, yeah,

Matt (10:17):
was important.
One, gosh.

MJ (10:20):
that got me through the first two years of business
school, actually red light meansstop.
That's important because what itreminds you to do is just take a
breath, slow down.
And you recognize the color.

Kate (10:31):
Okay.
Needless to say, we found outthat obviously last night, John
still use his work computer towatch porn all the time.
Um, that was now all over theinternet, which, you know, the
things he does to porn are hisown business, but people do
judge you,

Matt (10:49):
they are when they're your own business, unless you're a
camera.

Eric (10:53):
and then it becomes public business.

Thea (10:55):
bad branding to honestly have such vanilla tastes.

Eric (11:02):
well, and he was standing, he wasn't even sitting down

Thea (11:05):
I believe me, you know,

MJ (11:08):
you had to have, it might have been.

Thea (11:10):
just, just how backwards John was in Hughes.
Arousal habits is like not agood look for a progressive
company.
You

Eric (11:21):
Yeah,

Thea (11:22):
porn is a problem, but also what that porn says about.
Lifeblood as a company is, isfrankly, you know, in the
banality of it.

Matt (11:36):
I w I will say when I, uh, and I, you know, sorry.
Califia, but it is out there.
So I had to go check out thefootage.
Um, I was surprised, uh, that hewatched the whole thing, wedding
ceremony.
It was, it was really involvedgetting to their wedding night.

Thea (11:55):
it was just, it was, was bizarre.
Um, I mean amount of time hespent videos, just getting to
know them as people was,

Eric (12:09):
Yeah,

Thea (12:09):
was, strange.
Um,

Eric (12:12):
well, this actually brings up a concern.

Thea (12:14):
Texted both of them to get their consent, to watch porn
that they put on

Eric (12:18):
yeah,

Matt (12:19):
Oh, I D I missed that.
Yeah.

Thea (12:21):
But again, like a level of, um, a new level, I

Kate (12:27):
yeah.

MJ (12:28):
Hm.

Eric (12:29):
I'm actually noticing, and this is, this is a concern for
me, is that there, there may bea feedback loop, uh, in play
here where I think people arestarting to realize that they're
being watched more and it'sactually changing their
behavior.
Um, you know, our, our userinterviewers have not logged off
since, since Thursday.
Like they've just been going andfinding more.

(12:51):
Clients to interview.
And I think they're beingobserved is causing them to want
to observe more.
It's in some kind of weirdbehavioral mechanism.
I don't know if it's thesoftware or if it's just a
coincidence, but if

Kate (13:05):
is this something you've seen before?

MJ (13:08):
Well, yeah, I mean, of course this is a behavior that
we've observed.
Um, we sort of liken it to, um,uh, w we call it the Truman show
syndrome wherein somebodybecomes aware that they are the
focus of exactly the sort ofmedia conspiracy that they might

(13:28):
have always feared that theywere a part of.
And what we kind of strive to dois we want.
Is, we just want to, webasically want to know a that we
don't want anybody to talk aboutit.
So we'll talk to that person andwe'll sort of say like, look,
here's the reality of thesituation.
Yes, of course we are watchingyou, but that can change your

(13:49):
behavior because then it's goingto change the type of ads that
we can sell.
And that can actually be reallyconfusing for people.
So it's a tough, it is a tough.

Eric (14:03):
So, is this something that will go away?
Is this something that will goaway after the free trial?
After, you know, after we startpaying, you will come and talk
to our people and they'll stopbehaving as, as lawyers

MJ (14:14):
Well, I mean, you look, you can't stop a voice.
The only people that are usingyour camera.
To watch you and your coworkersare we watch employees.
We're not selling thatinformation.
We're not giving it out topeople.
So Eric, we're not, you know,putting it all in the X tube or

(14:36):
whatever, putting out there forall the years to see it's just
into office, whatever anybodyelse obtains.
I can't help.

Kate (14:47):
it seems like maybe there's some sort of like
security breach that's beenhappening because I mean, videos
of our employees, including, youknow, John last night have been
all over the internet, you know,

Thea (15:01):
can't speak, I can't speak to, know, other cases, but in
the John use case, of it isthat, the button to start
streaming, um, appears rightnext to the button to.
Get your, like put in thepassword on your laptop.

(15:21):
Like

MJ (15:21):
um,

Thea (15:23):
built very easy to turn that on.

MJ (15:27):
thank you.
Yeah, we worked really hard onthat actually about four,
actually, you're going to besurprised at this four weeks of
meetings to figure out kind ofwhere to put that button in a
way that people wouldn't reallynotice.
It might just click it.
Um, look, in terms of the videosof your colleagues, I can attest

(15:48):
to the fact that while yes, ofcourse.
There's the, you know, theinfamous video of.
Everything that's been put outthere that has been put out in
the interest of publicknowledge.
We're not just releasing things,Willy nil here.

Kate (16:05):
So you are releasing things.

Thea (16:07):
the thing is that

MJ (16:08):
Well, yeah, of course.

Thea (16:09):
I value.
transparency as much as the nextperson, but you have to
understand, my team are

MJ (16:16):
Hm.

Thea (16:16):
curated Instagram influencers, and, two of them
have been outed for having bowelmovements.

MJ (16:24):
Yeah.

Thea (16:25):
that, is devastating to their followership.

MJ (16:29):
Well, look, of course, we were shocked to hear about the
bowel, you know, bowel gate aswell, that was ringing around
the office today.
But again, the interest ofpublic knowledge we had collate
the, I don't think I have totell you hundreds and hundreds
of teenagers.
In Boulder, Colorado holdingthis stool last month because

(16:52):
they didn't see it on Instagram.
And if they don't see it onInstagram, it ain't true
girlfriend.
All right, pardon me?
I'm not trying to get overfamiliar.
It's just a colloquialism.
So I'm just saying those videoswere released to quite frankly,
release those children of theirproblematic, you know, holding

(17:13):
rituals.
So.

Eric (17:16):
I'm just getting, I'm getting a little spun around
with the Truman show and theinfluencers.
I w what's can you just tell mewhat the mission of we watches
Melbourne?
I think that might help me getthe use case a little bit
better.

MJ (17:29):
thank you, Eric.
I appreciate the opportunity tostay my platform.
We watch originally.
Of course, uh, you can find iton the trades, the stock trades,
as we watch parentheses, youwere.
Uh, we are here to watch youwork.
We record multiple partnermeetings or solo sessions to, of

(17:55):
working or whatever you might bedoing and we'll save it to your
computer.
And we also have a staff thatwill feed back personally to you
to kind of let you know, Hey,look, we notice this seems a bit
off, mate.
You could be doing this better.
That whole kind of thing.
We watch you to get better.

(18:18):
That's one of our taglines

Eric (18:20):
that explains, that explains a lot of that.
Did anybody else get thepersonal analytics report?

Kate (18:25):
Yeah,

Thea (18:26):
Yeah.

Eric (18:26):
700 pages?
It was, it was beyond.
No personal detective levelinformation that was found about
me.
I've never told anybody, certainthings that were in that report.
Um, it was very impressive.
It was all, it was, it was alittle dry, to be honest, maybe
that's a statement on me.

(18:46):
Uh, but, uh, you know, how doyou expect this to go through
and use all this?

MJ (18:50):
Of course at the end of the day, we'll send you the two page
tabulation of sort of major hippoints for the day.
Yeah.
So if that's not happening fastenough for you, I do apologize.
It is about five 10 every daybecause we have a real, it's not
computerized.
We've got a real person watchingyou doing that.
Tabulation.
It's very important.

(19:11):
Um, as for the not being superreadable, I do want to
apologize.
Uh, we have black ops guys thatare just tops at research,
finding things basically likelegalized stocking, but they're
not great writers.
So we are working on that and Ido appreciate the feedback and I

(19:31):
hear you.
Thank you.

Thea (19:34):
So it really is very rare to get somebody with both
tactical skills and copywritingskills.

MJ (19:38):
Yes.
Yes.
Thank you.
God.

Thea (19:40):
team to.

Kate (19:43):
okay.
I mean, I think this is all veryinsightful.
Um, I guess maybe I'd love tohear some other customer
testimonials, you know, What aresome ways that this is being
used by other companies that wecould learn from?

MJ (19:59):
yeah, of course.
Yeah.
You won't meet us, right?
Um,

Matt (20:05):
that would be good.

MJ (20:06):
yeah.
Well, I'm going to be honestwith you.
I don't want to rock the, youknow, uh, rock the Casbah.
You know, like the song, it'sjust funny little thing.
Um, you guys are actually thefirst and I'm hoping not the
last customers that have tried,we watch.

(20:29):
Um, yeah.
You know, cause we don't want tosee any of our customers, uh,
leave, especially because atthis point there is only four
there's only four of you.
So,

Kate (20:45):
pretty.

MJ (20:46):
it's pretty important to me personally.
I've got a lot riding on this,frankly.
My father is kind of a prick.
He's like, you're never gonnamake anything of yourself,
Melvin.
And I'm like, you know what,dad.
I don't know if we can swayhere, but I say F you died, so I
don't want to fail.

(21:08):
So

Kate (21:10):
sure.
I mean,

MJ (21:11):
relatable.

Kate (21:13):
it is, yeah.
I think we all have our owndifferent set of parent
problems.
Um, um, Matt, I guess I'm just alittle.
Confused because when you, whenyou recommended to MJ and his
company to us, you had very,very high remarks to say about
your past work together.
I felt like.

Matt (21:33):
I mean, I couldn't believe some of the stuff that we got
done with those, uh, smallteams.
I mean, we were really crankingout some, uh, prototypes and
some, uh, minimum viableproducts and, uh, making a lot
of money, uh, not for ourselvesreally.
Which was unfortunate, but, um,Hey, uh, yeah.

(21:53):
Tell, tell your dad.
I said hi.
And also, uh, I swear to God,I'm still gonna find a lawyer
that will claw back what he tookfrom us.

MJ (22:03):
Yeah.
Tell him, you said hello?
You know, he's actually, um,he's actually dying.
Yeah.
So, uh, yeah.
Yeah.

Matt (22:09):
God couldn't happen to a nicer guy.

MJ (22:12):
I know that's what I was saying.
That's what I was saying issomething like hardness
medication and stuff.
Cause he did take a lot of moneyfrom us.
You can actually, in fact, ifany of you are curious about.
Terrific.
New York times article calledthe prince in the Papas.
Papas refers to myself and herecause we were taken for fools.

(22:32):
And now that man lays dyingsomewhere in Queensland, uh,
with a terrible nursing teamthat I hand picked Matt, you're
going to love this from thelowest testing interns at the
worst hospital in Sydney.

Matt (22:47):
there it is.
Yeah.

MJ (22:49):
I'm pretty, I'm pretty excited.
Yeah.
But anyway

Matt (22:53):
one of the things like MJ has always been a willing to do
the legwork, like unafraid to dothe research, to dive in.
Um, I will say honestly, this iskind of an aside, uh, so we can,
we can pull it back, but.
I'm surprised, uh, that youdidn't get some machine learning
or AI going with this thing,hiring all those folks has got

(23:16):
to be expensive.
I know Spinney was always afraidof the robot revolution, but I
didn't think you had taken onany of that MJ.

MJ (23:24):
Well, I'll be honest with you might like be honest with
you.
I did spend a lot of time, uh,with MJ sort of before he went
to prison, hold up together inthat.
Yeah, me and spinning.
And he did instill a lot of,quite a lot of fear in me about
the robot revolution.

(23:44):
The R squared is he called it.
That's what all this literaturesays, and I'm going to be
honest.
Um, when I walk around myhometown, I see destitution, I
see tents.
I see skyscrapers filled with,um, people who are homeless,
right?
So I'm saying let's employ thosepeople.
It's bringing them out of thedark.

(24:07):
And pay them to do a job thatyeah, probably a robot could do
just as well, quite possibly badoff, but I want to pay these
people to live

Matt (24:17):
that's, that's a, that's a real altruistic goal.
Like.

MJ (24:21):
Thank

Kate (24:22):
these are the people who are watching our videos and
deciding what should go on theinternet and what should not.

Thea (24:31):
and what's the

MJ (24:32):
Yeah.

Thea (24:32):
is, is it a one-to-one?
Is there one person watching usat all to.

MJ (24:38):
Well, it's one to three.
It sorta depends on like, uh,depends on how many showers do
you take per day?
It depends on how many peopleare coming to and fro your home.
And it also depends on like, uh,what kind of clothes do you
wear?

(24:59):
Like, are you someone who hasclosed from like H and M or do
you go to like Zahra?
You know what I mean?
So we w depending on that, we'regoing to have more eyes on you.
Of course, you're going to bemore influential, um, but, gets
at least one, at least one.

Thea (25:17):
um, don't think any of first staff take computers into.
The shower.
Um,

MJ (25:26):
Hmm.

Thea (25:26):
and,

Kate (25:28):
learned

MJ (25:28):
name.

Kate (25:28):
wasn't the case, unfortunately.
Um, but it's only a few andwe're, we're having side
conversations with.

MJ (25:37):
there's no need to take your computer into the shower.
As long as you have a desktop ora laptop that you've left open
that sort of like a scans into.
The room of the shower or theroom that you're going to be
sort of strolling through.
When I say you're takingshowers, I'm not referring to
the showers themselves.
Clearly.
I'm actually just referring tothe how many times per day can

(25:59):
we count on your naked bodystrolling through this
apartment?
What are we going to have tosee?
And when, so that's sort of morethe hook that I was angling.
Yeah.

Eric (26:11):
I did notice a red light on my smart fridge.

MJ (26:14):
Um,

Eric (26:15):
there any functionality like with home networks where
the software installed itself onother cameras?

MJ (26:21):
no, of course.
Yeah.
Yeah.
So Eric, basically what happensis as soon as no matter what
device you download us on, soyou got us on your smart phone
or.
Right.
There's going to be a littlebutton, pop up, say terms and
conditions.
Do you accept?
Yes or no?
If you don't accept those termsand conditions where you can not
go through with the download,it'll kick you back to the
screen, right?

(26:41):
We all know terms andconditions.
What you consented to was we'regoing to connect to your home
networks.
We're going to chill families,networks.
We're going to upload

Matt (26:53):
I, when I, uh, when I brought this in, I, I told
everybody read, you have to readthe terms and conditions.
Okay.
You have to.
That's why I read them.
And I, I haven't installed thison any of my devices, personal
or work.
Uh, it's actually not allowed inthe Devon ITT.
Uh, and we've, we've put up aspecial firewall blocker to keep

(27:13):
it from getting installed on anynew machines.

MJ (27:17):
Good call.
That's a good call.

Matt (27:18):
yeah, I cause uh, I, I saw that signature coming across the
network that is, uh, an MJclassic you and spinny with,
with your little tendrils,they'll get in anywhere.

MJ (27:30):
we'll get you out.
Yeah, we'll get you out and thenwe'll get in there and we will
infest you uh, much like Elias.
We never truly leave.
Um, yeah, of course.

Kate (27:42):
is this software per chance, the same kind of origin
as what.
Spinney to jail for fraud.

MJ (27:50):
Well, of course, um, there are similarities and Kate, if
you are going to sit me down ina court of law and say, you
know, did you and spinny come upwith this idea together when you
were vacationing in theMaldives?
Yeah, we did.
That's the truth.
All right.
And that is how this idea cameto fruition, but I'm going to

(28:12):
tell you something else.
Spinney went away for a veryparticular type of fraud.
That was, he was getting elderlypeople over the age of 75 to
invest in a sort of scheme thatthey thought was going to be
free health care, but it wasactually more of like Spinney
just needed to buy clothes kindof a thing.

(28:36):
So that's why he went away.
That's pretty separate fromthis.
Um, I, I distanced myself fromthose crimes, but.
That criminal did help come upwith this software that's
watching you.
Yeah, absolutely.

Kate (28:53):
Great.

Thea (28:54):
okay.

MJ (28:55):
Yeah.

Thea (28:55):
Um, uh, this has been very illuminating.
Um, I personally.
Cannot be everybody's PR person.
Um, you know, I just want tomake that very clear, uh,

Kate (29:11):
You've said that

Thea (29:11):
have we would call in the industry, but whole of issues
here.

MJ (29:20):
Um,

Kate (29:21):
yes, the industry.

MJ (29:24):
well,

Thea (29:25):
I mean, we are having members stream, uh, All sorts of
things that don't represent CIT.
Uh, we're at a very fragile timeright now in our brand
transition,

Matt (29:40):
true.

Thea (29:41):
as, as evidence for me not even getting the name right half
the time.
and we are at an opportunity inwhich we can define our brand

Matt (29:49):
that reminds me.
I'm sorry.

Thea (29:52):
currently

Matt (29:53):
Kathia can, uh, or Kate can, when y'all remind me, when
did, uh, the investors last comethrough the office?

Kate (30:02):
Thursday.

Matt (30:05):
Okay.
Uh, you should, uh, we shouldsend them out some fair day
cages for their, for theirphones and laptops, uh, and have
them bring them those that wecan, they can bring them by.

Eric (30:18):
just can't we can't just let this keep going.
Yeah, this is, this is CERN.

Kate (30:22):
Frankly,

MJ (30:23):
of your invest.

Kate (30:26):
MJ, I think what you're doing is, is it's frankly
criminal and you deserve to bethrown in jail with spinny.

MJ (30:31):
Oh,

Kate (30:33):
Matt.
I am actually more upset withyou for bringing MGA's product
to us, not letting our entireteam have it, but just Willy
nilly, letting John install it.

Matt (30:43):
is above board.
You read the terms andconditions, right?
It's a li it's a binding legalagreement.

MJ (30:50):
how could You don't read it?

Thea (30:52):
you know, we ran out of retainer hours for this month,
which your employee Ram throughwithin a day, we didn't have
time to review this contractbecause we didn't have a legal
team, which you knew.

Matt (31:05):
Yeah.
Califia, it's not for the lawyerto tell you if it's okay to
click on the terms andconditions you have to, you
agree to them, the lawyer can'tagree on your behalf.

Eric (31:14):
Forget the loan.
This is, but this is useless.
Like forget the lawyer part.
Why, why did you bring it to us,man?

Matt (31:23):
I mean, I'm sorry.
I'm I was trying to do.
I know you've been working onthis for a long time.
I think, I think it's reallycool technology.
I don't think it's a really goodbusiness model.
And I, I feel like this kind ofshows why people get, are going
to get really bad.

MJ (31:45):
well, I would have appreciated you telling me that
six months ago, when we sat downtogether at Malakai's and you
told me, I said, do you thinkit's a good business model?
And I believe your words were,yeah.
Yeah, sure.
Do you want to get a bigpretzel?

Matt (32:03):
yeah.

MJ (32:03):
focused on that big pretzel mat, we might not be having this
conversation now, but I'm alsogoing to say, Hey guys, don't be
so mad at Matt for right, forbringing this to.

Matt (32:14):
You don't have to go

MJ (32:15):
he only gets a 5% cut of all the profits.
So you guys shouldn't get thatmad at him.
Cause it's not even like he'smaking that much money on these.
And really I'm only giving himlike 3%.
I'm lying about the rest of it

Matt (32:29):
Yeah.
I mean, it's honest, honestly,it was just cause I.
The, the tickets that day and Ibought the pretzels.
It was it's people trade equityall the time.
Yeah.

MJ (32:40):
Yeah.
Cold money.

Thea (32:42):
gotten our lawyers on, cause it's in clear violation of
our conflict of interest policy.

Kate (32:46):
yup.

Matt (32:47):
Yeah.
I suppose

Eric (32:48):
month, first thing next

Matt (32:49):
true.

Kate (32:50):
Yeah, at least two of the four hours next month, they're
going towards that.

MJ (32:55):
so will you all be keeping the service?
You know, it's$199 a month oryou get an entire year for
$2,800.
So it's a really good deal.
Um,

Kate (33:08):
That's a terrible deal.
You pay more in a year.
Um,

MJ (33:13):
Yeah.
If you don't subscribe.
Yeah.
You'll pay more.

Eric (33:16):
I mean, I guess had inflation was like 30% would be
good.

MJ (33:20):
Well, we don't know what next year is going to hold.
We don't know what next year isgoing to hold, you

Matt (33:25):
um, remind me and MJ is this, uh, is that currency
converted?
We're paying a New Zealanddollars, right?

MJ (33:32):
Yeah, that's correct.
It's New Zealand dollars.
So I believe like 2,800 NewZealand dollars is something
like 5 million in Americancurrency.
I'm not actually sure.

Eric (33:44):
not

Matt (33:45):
man.
You've G, M D.
You've got to hire a new, you'vegot to hire a new business guy.
No, it's worth it's

MJ (33:50):
I've never been good at math.

Matt (33:52):
it's worth like two thirds of a, an American dollar New
Zealand dollar.

Kate (33:55):
can just Google this.

Matt (33:57):
yeah.

Kate (33:58):
Okay.
We're definitely

MJ (34:00):
never been good at math, so it's all right.
No

Eric (34:03):
happens if our, what happens if our card declines?

MJ (34:07):
If your Cod declined.

Eric (34:09):
Yeah,

MJ (34:10):
Well, there's no worries about that, Ethan mate.
No, because we actually areconnected to your Cod we're
connected to your bank account.
So yeah, of course you can shutdown the Cod of course you can
do these things.
You can cut it up, you can burnit, but we're connected to your
bank account.
So if there's not enough moneyin there, we will overdraft you
and then you're paying the feesor if you got the money.

(34:32):
And then my once again, comingback to the no worries, Polis.
You know what I'm saying?
The NWP

Thea (34:41):
Okay.

MJ (34:42):
meaning there'll be no worries.
Cause we'll charge itautomatically.
It'll come out.
You probably won't even noticeit's gone.
That's what I was saying aboutthe no worries, but yeah, just
want to be clear

Kate (34:50):
okay.
This might explain.
Who's been buying all the burgerking out of my bank account, um,
in the last week.
Um,

MJ (34:58):
well, if you ever been there, it's terrific.
Have you ever gone?

Kate (35:02):
Now what burger

MJ (35:04):
something called a walk.
All

Kate (35:07):
true.

Eric (35:08):
so you are buying burger king.
The funds from, from Kate'saccount.

MJ (35:13):
Of course my, what do you think it's all about to be a
businessman in the world?
You get to buy bug a cane

Eric (35:20):
that's not in the terms of service.
There's no burger king in theterms of service that feels like

Matt (35:24):
MJ, this is why.
Hey, no, you didn't want to dothe lawyers thing, but you have
to set up your own accounts.
You withdraw the money into youraccount, and then you spend from
that.
You can't, you can't just gospending from your customers'
bank accounts.
MJ.

MJ (35:37):
there's a thrill about it is the thrill about it.
And you know what I'm talkingabout, we were going

Matt (35:42):
and spinny both of you.
This is what got Spinney introuble.
Now they prosecuted him harderbecause he was targeting the
elderly, but you'll get in justas much trouble.

MJ (35:52):
I don't know about that.
My, they don't really look atcrimes towards millennials as
being that serious, but whatSpinney did targeting those
older people, putting them inthe shelter.
Yeah.
They didn't like that.
That was pretty bad.
That's a good point.
They wouldn't vote.
Yeah.
That's a good point.
That's what Spinney always usedto say.
Old people vote.
Young people don't vote.

(36:15):
That was a famous saying that hehad.

Kate (36:18):
Okay.
Frankly, Spinney seems like hecould start a better company
than this.
Um,

MJ (36:24):
he could.

Matt (36:25):
a great head for business.

MJ (36:27):
Yeah.
Yeah.

Kate (36:28):
we really have to wrap this up.

MJ (36:31):
Do you guys remember D rather quickly members only
jackets that was spinning hisidea.
They had that shitty littlejacket and he was like, you put
a member's only tag on there.
People will buy it.
That's his claim to fine.
Never forget.

Kate (36:44):
oh, spinny is probably rich and handed.
Interesting.

Matt (36:48):
They seized.
Most of it.

MJ (36:50):
Yeah.
Yeah.
He's a great man.
He's a great man.

Kate (36:55):
okay, well, um, I think we will all be changing bank
accounts.
Um, Matt, your job next week,we'll be figuring out how to
uninstall this thing that livesinside of our camp.

Matt (37:06):
Oh, it's

MJ (37:07):
do it,

Matt (37:08):
it's an easy, yeah, it's it.
We can't pull it out of thecamera firmware, but, um, we've
got a whole, just bring yourphone by, uh, it'll take us a
couple of hours.
We'll pop the camera right here.

Eric (37:22):
Can I bring my fridge?

MJ (37:24):
Matt.
We're going to have to talkabout that off air, actually,
because that is going to violatea clause that you entered with
us.
We don't need to talk about ithere.
Continue.

Matt (37:34):
oh, you want to use a past contract on me?
Okay.
Well, uh, then I won't be theone doing it.
I'll just give someone the ideato remove the camera with.

MJ (37:43):
I wouldn't object to that.
I wouldn't object to that.
And actually Suh that's meapplauding your terrific lawyer.
Intuitive.

Matt (37:53):
Listen, uh, drinks are on me next time.
You got really far with this onea lot further than I thought.

MJ (37:59):
Yeah.
Thank

Matt (38:00):
My friend.
Good game.

MJ (38:01):
got another one coming up.
I got another one coming up.
It's um, an app for pregnantwomen that we say monitors, your
baby's health.
That's what I said, sinister,but actually all of the people
that are sending the stats aboutthe babies are people that
actively want to steal.

(38:21):
Can not for whatever, have notbeen able to have children or
have their children taken awayfrom them.
And now they are in the

Matt (38:26):
can't believe it.
You're really building theraising Arizona.
Well,

MJ (38:30):
Yes.
What we talked about.
Yeah.
Raising Arizona app.
Yeah.
So we called it a rap because itwas the raising Arizona apps or
have two A's and two PS, itseemed actually more clever on
the yard mat.
I have to say it seemed cleveron the yard.

Matt (38:48):
just, that was just a working title, right?
This is not supposed to giveaway what it does.
So

MJ (38:52):
Yeah, that's true.
Yeah.

Matt (38:54):
believe you actually are going through with it, man.

Kate (38:57):
Okay.

MJ (38:58):
Mike.
Yeah, we're happy about it.
Yeah.

Kate (39:00):
Well, I look forward to seeing you on America's most
wanted.
Um, and until then, frankly, Ithink we have to stop this
recording and deal with all ofthe various things that are
probably being streamed, uh,from our company's computers
right now.
So MJ.

(39:21):
I don't really want to end thisby saying thank you.
But at least I

MJ (39:25):
You're

Kate (39:25):
your honesty.
Um,

MJ (39:29):
I appreciate your honesty too.
Uh, what you are Googling andthe date of night is not going
unnoticed and, uh, appreciateyou being so honest and open
about your interests.
So thank you to,

Kate (39:44):
we can talk about that later guys.

Thea (39:48):
It's not really honest or open if you're being spied on.

Matt (39:52):
This

MJ (39:52):
well, I don't

Matt (39:53):
use Google.

MJ (39:54):
Yeah,

Matt (39:54):
talked about this to

MJ (39:56):
You ever had a private mode, right?

Kate (39:59):
Okay.
Well, make

MJ (40:00):
We can see that too

Kate (40:01):
required.
We will.

Matt (40:02):
You know what I'm going to bring back my weekly privacy
meetings because of nobody it'sjust an open office hours come
by.
But obviously nobody learned thefirst time around.
So we're going to do it again.

Kate (40:17):
Sounds good.
Um, I'm going to wrap this up.
Uh, MJ, have a great day and agreat, a great life.
Truly.

MJ (40:27):
already doing it.
Thanks mate.
Having a terrific life.

Matt (40:31):
Uh, Hey, uh, give my regards to spinning and, uh,
tell your dad.
I hope he rots.

MJ (40:36):
I will make, I will.
I'm going to go over later andI'm going to hold my hand around
his breathing tube and he'sgoing to go on my gold is the
seat.
It's amazing to see the fear inhis eyes, Matt.
It was terrific it, and to seeyou again, Mike, please come out
to the links.
We'll ship a few bowls together.
If I'm ever allowed in theUnited States.
Again, I'd love to have dinnerwith you.

Matt (40:57):
All right.
Sounds good.

Kate (40:58):
Okay.
All right, recording.
Ending now.

Ben (41:02):
This meeting has ended.
To subscribe to this startup isbeing recorded.
Go to the podcast player of yourchoice and tap a button that
likely says subscribe.
More content is on Twitter atstartup recorded, or shoot us an
email with ideas, feedback, oryour personal startup horror
story.
At hello@startuprecorded.com.
Marvin Janine Simpson is abusinessman and wrecking tour

(41:23):
with homes in Italy, Manhattan,and Detroit.
He's not on social media, butwe'd like to plug his primary
investor, talented actor andcomedian Declan Gallagher.
You can find them on Instagramand Twitter at the real Declan
G.
Kate is played by Valerie Garrison.
Valerie is a health tech productmanager and regularly plays with
the improv troupe letters tochicken online.
You can find her on Twitter atthevalgarris eric has played by

(41:47):
Barry wright Barry is a productmanager at Spotify and a
co-founder of Highwire Improv.
Find him by his name onLinkedIn, where he holds regular
office hours or athighwireimprov.com.
Matt is played by MartinMcguire.
Marty is a senior web engineerand improviser in New York city.
You can find Marty's comedy codeand cats on his website at M M G

(42:07):
dot R E.
Calathea is played by RobynStegman.
Robyn is a digital campaignmanager for ocean Conservancy
and is a comedian mostly foundat Highwire improv.
You can find her on all thesocial medias.
And she does mean all at rsteggythank you for listening.
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