$3.6B crypto hack recovered + Segment co-founder Peter Reinhardt's next bet: Charm Industrial | E1382
![$3.6B crypto hack recovered + Segment co-founder Peter Reinhardt's next bet: Charm Industrial | E1382](https://www.podcastworld.io/podcast-images/this-week-in-startups-ikuziis0.webp)
We have a great interview with a serial-founder today! But first, Molly and Jason cover one of the craziest stories of the year. A couple has been charged with conspiring to launder ~$3.6B worth of crypto from the 2016 Bitfinex hack. Ilya is a former YC founder and Heather part-time rapper.
Today’s Guest is Peter Reinhardt, the co-founder of Segment, a customer data platform that sold to Twillio for $3.2B. Peter discusses his new company, Charm Industrial, which is focused on carbon capture and removal. You will learn:
1. How they turn agricultural waste and biomass into a high-carbon fuel
2. The carbon-removal benefits of injecting the bio-fuel into old oil wells
3. Why carbon capture is an important piece of getting to Net Zero
4. The potential impact of Charm Industrial if it succeeds (total CO2 tonnage)
5. Why this process differs from more passive ways of carbon offsets
6. How he landed customers like Shopify & Stripe (and why he thinks companies will continue to do this, even without government regulation)
0:00 Jason and Molly tee up today’s topics: a MAJOR crypto scandal and an amazing interview!
2:14 Breaking down the $3.6B Bitcoin seizure federal investigators
13:39 Eight Sleep - Go to https://eightsleep.com/twist to check out the Pod Pro Cover and get $150 off at checkout!
14:56 Explaining how the laundering happened mechanically
18:21 Jason’s prior emails re: the YC founders’ company, jumping to BAYC “doxxing” story
24:25 Vanta - Get get $1,000 off automating your SOC 2 at https://vanta.com/twist
25:44 The most amazing part of this story: Razzlekhan the rapper, and Ilya the s***poster; plus Jason and Molly cast the docu-series for this disaster
33:12 Fiverr - Sign up for https://Fiverr.com/Business free for the first year and save 10% on your purchase with promo code JASON
34:34 Crypto brigading, crypto’s impact on the environment
42:00 Charm Industrial’s Peter Reinhardt (formerly of Segment) speaks about Segment selling to Twilio for $3B+
51:38 Charm Industrial’s origin story, understanding industrial de-carbonization and carbon removal
1:05:11 1 TAM for carbon removal companies, breaking down the 4 quadrants of fighting climate change
Check out Charm Industrial: https://www.charmindustrial.com
FOLLOW Peter: https://twitter.com/reinpk
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood