Harry Stebbings just released a new episode with me on the 20 Minute VC. I love how Harry uses all caps to title the episodes.

20VC: BRAD FELD ON WHY MARKET SIZE AT EARLY STAGE IS NOT HELPFUL, HIS BIGGEST LEARNINGS FROM THE BOOM & BUST OF THE DOT COM AND HOW THE BEST VCS WORK FOR THEIR CEOS

I adore Harry. I did an interview with him early on (#65) so it’s particularly fun to do an interview number that is great than this year.

We cover the following topics, among others. Plus, there is a special book giveaway and a few other gems buried in the episode.

1.) How Brad made his way into the world of venture following 40 angel checks and how that led to his co-founding Foundry Group? Why did Brad find the transition from angel to VC in the early days such a challenge? What 2 core things did he focus on when writing angel checks? How has that changed now as a VC?

2.) How did seeing the boom and bust of the dot com impact Brad’s investing mindset today? How does Brad think about investing through market cycles and the right way to think about investment cadence? Why does Brad believe that to be successful as a VC you have to be fundamentally optimistic?

3.) Where does Brad believe we are today in the cycle? Does he agree with Bill Gurley on the biggest challenge being the “oversupply of capital”? What must entrepreneurs understand with regards to market cycle dynamics and how they can and need to future-proof their business?

4.) From analysing his best investments, why has Brad come to the conclusion that TAM in the early days is really not helpful? What are the commonalities in how Brad’s most successful companies approach experimentation?

5.) What does Brad mean when he says, “don’t have fake CEO or fake VC days”? What does he mean when he often says, “run your fucking business”? What in Brad’s mind would constitute a “fake day” vs moving the needle for your business? What does Brad think is the best way for VCs to truly get to know one another? Why is, “hey let’s do a deal together one of the most hollow and fake statements in venture?”

6.) Brad has sat on some of the most meaningful boards of the last 2 decades, what have been Brad’s biggest learnings on what it takes to be a great board member? How does that change with the progression of your career? What advice would Brad give to me, having just gained my first board seat? If the VC does not support the CEO, what is the right process? Why does Brad believe the VC should work for the CEO?

7.) What is Brad’s biggest advice when it comes to learning how to say no? What advice does Brad hear most often that he commonly disagrees with? Why does Brad feel we are in a moment of peak noise in the ecosystem today? To be a great leader, what 2 skills does Brad believe you need to have?

Elon Musk wants to send you to Mars — cheaply— and tonight plans to unveil the latest design of SpaceX's forthcoming rocket system designed to do just that.

The launch system, which is known as Starship, may stand about 390 feet tall, stretch 30 feet in diameter, and have enough space and fuel to carry 100 people and 150 tons of cargo to the red planet at a time. Musk also envisions a later version that's several times larger.

"Starship will allow us to inhabit other worlds," Musk tweeted on Friday, later adding: "To make life as we know it multiplanetary."

Those facts and figures about Starship may be outdated, though, since they're based on Musk's presentation about the system from more than a year ago.

Read more: SpaceX is eyeing these 9 places on Mars for landing its first Starship rocket missions

But starting at 9:15 p.m. ET on Saturday, Musk should present the newest Starship plans and details from SpaceX's rocket development and launch site in South Texas. He plans to address a small group of employees, journalists, local supporters, and residents of a nearby hamlet called Boca Chica Village.

Though SpaceX is hosting the roughly hour-long talk at a remote coastal area about 20 miles east of Brownsville, the closest major city, the company is broadcasting the event live online. You can watch Musk's presentation using the YouTube player below.

Read more: Elon Musk is about to unveil SpaceX's new Mars spaceship prototype in Texas. Here's what we know so far.

The backdrop for the event will be Starship Mark 1 (Mk 1): a towering stainless-steel prototype of the system that the company finished building on Friday. The ship follows the construction and several launches of a 60-foot-tall prototype, called Starhopper.

Starship Mk 1 weighs about 200 tons (without fuel), stand about 164 feet tall, and it will be powered by three car-sized Raptor rocket engines. Some are even calling the test ship the largest upper-stage rocket ever made — though it technically needs a giant booster, called Super Heavy, to meet that distinction.

Regardless, Mk 1 may launch more than 12 miles high as soon as October or November, according to Musk,

Musk has been tweeting out new details about Starship weeks ahead of the presentation tonight, including major changes to the vehicle's steerable canards or wings. Kimi Talvitie— a SpaceX enthusiast, software engineer, and artist — pooled those details into a 3D model that shows how the spaceship might use those devices to safely guide itself back to Earth, or some day land on and help populate planet Mars.

Musk will likely have more to say than that about the system, though, and the company's vision for using it.

So tune in to the YouTube livestream starting around 8 p.m. ET.

This story has been updated. It was originally published at 11:15 a.m. ET on September 28, 2019.

At most grocery stores, you'll pay anywhere from $3 to $8 for a pound of ground beef.

More often than not, you're paying under $5/lb. — we're talking about ground beef here, not prime rib.

It's pretty rare to pay the higher end of that spectrum, even here in New York City. I had to call the fanciest butcher shop in Brooklyn, The Meat Hook, which prides itself on being a more labor-intensive whole-animal butchery, to find ground beef that costs $8 a pound.

That's why I was so shocked to find out that Impossible Foods, which aims to replace beef with its own vegetarian beef option, is selling less than a pound of its ground "meat" — 12 ounces — for $9.

An Impossible Foods burger I made at home, and then lovingly photographed in the afternoon sunlight. Ben Gilbert/Business Insider

That's a pretty stark comparison to the $3 you could pay for 16 oz. (1 lb.) of ground beef.

For some folks, the high price is worth it. "Fortunately, we have more demand than we can handle at our current price, " Impossible Foods CEO Pat Brown told me during an Impossible Foods event in New York City on Thursday.

Impossible's only offering its veggie beef in a handful of regional supermarket chains to start, before ramping up to national chains and, the company hopes, expanding internationally. It's one of the first steps in Impossible's plan to lower cost, broaden availability, and convince the general public that its version of veggie beef is a better option than ground beef.

Read more: I cooked 4 Impossible Burgers at home, and it felt bizarrely familiar — these are the best and worst parts of the experience

"We're scaling up right now from tiny to big," Brown said. "And it's only when we get to a bigger scale when we realize the advantages of our process. Our goal is to get our prices affordable to everybody in the world, not just even in the US but in the developing world, as fast as we possibly can. But it doesn't happen instantly, and we can't sell our products at a loss if we want to stay in business."

As Impossible's "meat" becomes more popular, its price should correspondingly decrease as its makers feel more of the financial benefits of the company's more environmentally friendly approach to food creation. It's a reasonable plan, but — in the meantime — it makes Impossible's meat replacement hard to suggest for most people.

You'd never know from the front page of the Russian website iMGSRC that, within its depths, dozens of users are sharing photos of children in various states of undress.

The comments sections underneath those photo galleries are full of other users, all anonymized, weighing in with correspondingly disturbing remarks.

It's this website where US Army Staff Sgt. Richard Ciccarella is said to have uploaded topless pictures of a young female relative. Ciccarella pleaded guilty on Friday to lying to federal investigators about an email address for a Russian website; according to Assistant US Attorney Gregory Schiller, the photos didn't constitute child pornography.

Instead, he's being charged with making a false statement to a federal agent.

"The lie and the obstruction was to cover up an email address to cover up a much bigger investigation that was going on," Schiller said, according to a report in the Palm Beach Post.

Read more: A US Army soldier who worked at Trump's Mar-a-Lago resort uploaded photos of an underage girl to a Russian website, prosecutors say

From August 2017 to March 2018, Ciccarella was assigned to the US Army communications detail at President Trump's Mar-a-Lago resort in Palm Beach, Florida. It was during this period that he is accused of uploading the photos of an underage girl, said to be his relative — one such photo showed an underage girl in underwear next to a Christmas tree, the Miami Herald reported, with the caption, "dirty comments [sic] welcome."

President Trump's Mar-a Lago resort in Palm Beach, Florida. Joe Raedle/Getty Images

A closer look at the website reveals a much deeper issue: The site is rife with users sharing photos of children in various states of dress, often paired with explicit or suggestive sexual statements.

Like 4chan and 8chan, iMGSRC is an "image board" — an anonymized web forum that allows users to host photos and comment on them. As of September 28, it boasted 1,168,898 registered users. Many of those users upload relatively banal images, like animal and travel photos. Indeed, much of the front page of iMGSRC features photos of cute animals.

But, also like 4chan and 8chan, much of that content seemingly isn't being moderated: We found example after example of users sharing photos albums of children. Some of those photos feature children in their underwear or various states of undress. In every case, those photos were paired with sexual comments from the original uploaded and other users.

The FAQ of iMGSRC addresses the moderation question directly: "We can not be held responsible for what user post on site," it says, "But we do take care to keep host as clean as possible." It also specifically states, "ABSOLUTELY NO CHILD PORN, no child abusive pics and NO child abusive comments! Your account will be banned permanently."

Terms of service aside, it's clear from a brief look around the site that those rules are loose at best. Many of the photos are unlikely to be legally considered "pornography," similar to the ruling with Ciccarella, as the children aren't fully nude.

iMGSRC has gained a reputation in the criminal community for hosting such material. In 2014 a US District Court of Kansas ruling recognized that the site was frequently used to host and trade child pornography. The website has been used in other countries to identify uploaders of illicit pictures of minors as well.

Representatives from iMGSRC did not respond to a request for comment as of publishing.

If you want to introduce your kid to Alexa, but are creeped out by the idea of an Echo speaker in their bedroom you are the target demographic of Amazon's Echo Glow, one of the cheapest devices that the company unveiled at its September 25 launch event in Seattle.

It's a cute smart lamp that can change color and create some simple lighting effects.

Contrary to its name, the $29.99 Echo Glow isn't an Echo speaker. It's actually an Echo accessory, much like the Echo Buttons Amazon released in 2017. That means Alexa isn't built into the Glow; there's no speaker and no microphone. Pair the Glow with an Echo or other smart speaker, and you can use Alexa to control it.

I played around with the Echo Glow for a few minutes — here's what it was like.

Very excited to officially announce AltStore: an alternative app store for iOS — no jailbreak required. Launching this Saturday, September 28, but you can download the preview TODAY https://t.co/M7nULBV28p

— Riles (@rileytestut) September 25, 2019

As time progresses and the years go by, certain cars start to see a rise in value and become vintage, collectible items that can make great investments.

Unlike the average used car that will depreciate in value with time, these vehicles can appreciate as they get older. Reasons for this vary but often a major factor is supply and demand, with some cars being more desirable than others.

People remember cars and vehicles from their younger years in life and in later life they have the funds available to purchase them, creating a demand. If the supply of the vehicles is limited, then the vehicles start to spike in price as they are bought up, creating a scarcity in supply.

There are many cars that have the potential to increase in value, continue reading to see 11 hand-picked examples of these.

For all things supercars, car reviews and automobiles have a look at The Car Spotter website at www.thecarspotter.co.uk.

BROOKLYN, NY — Caroline Calloway had come to spill the tea.

Those were her words, not anyone else's.

Sitting onstage at the Bell House in Brooklyn Friday night, the Instagram influencer made her first major public appearance — and first public statements outside of media interviews — since her former friend and ghostwriter, Natalie Beach, wrote an essay in The Cut documenting their toxic friendship.

Beach's tell-all essay, which accused Calloway of being a manipulative friend, went massively viral earlier this month. Before that, Calloway drew controversy this past winter for holding $165 creativity workshops that were derided as scams.

Addressing a packed house Friday, Calloway disputed some central facts about Beach's telling of events and hurled a few new accusations at Beach.

For one, she said, Beach was paid her share of Calloway's advance on the deal for the book Beach was meant to help ghostwrite, and unlike Calloway, Beach never had to pay that amount back when the deal fell through (Beach didn't doesn't disclose specifics of how she was paid for the book deal, but wrote that she had difficulty getting Calloway to pay her for other work).

"Natalie not only got 35% of the advance up front, which was maybe a little less than $20,000," Calloway said. "She also got that advance with the legal agreement that if something fell through, I would have to pay back my part and hers. So she not only got that money, she got it forever."

Calloway also disputed Beach's characterization of her wealth. In her essay, Beach wrote about being awed by Calloway's wealth and privilege and contrasted it with her own "railroad apartment that was sinking into the Gowanus Canal."

But on Friday, Calloway said Beach had several family connections in media. Calloway said Beach's aunt is Lucy Kaylin, the editor-in-chief of Oprah Magazine, where Beach has been published multiple times (an article published by Beach's father in the New Haven Register appears to confirm this).

Calloway made these revelations at the Bell House during a live taping of Red Scare, a " dirtbag left"-adjacent podcast with a relatively small but cult-like fanbase of urban millennials. Its hosts, Anna Khachiyan and Dasha Nekrasova, take a shock-jock approach to cultural commentary (the podcast's merch table Friday was selling "Red Scare" shirts designed to look like the ISIS flag decorated with raunchy women's silhouettes).

In many ways, the conversation between Nekrasova, Khachiyan, and Calloway felt like jarring culture shock. In contrast to Red Scare's edgy, irony-drenched schtick, Calloway's social media presence is entirely earnest.

As she sat on stage in an off-shoulder white crop top that could be plucked from an idyllic influencer's feed, Calloway repeatedly cut herself off and went on tangents. She seemed uneasy with the rowdy Red Scare audience, who regularly heckled her to "get to the point" as she teased "tea" about Beach.

Prodded by the hosts, Calloway opened up about her past Adderall addiction, which she said affected her interactions with Beach and all her other friends throughout her 20s. At one point, Calloway said, she was taking 90mg of Adderall per day, which she got from shady clinics throughout the city.

"If you want to get Adderall in New York you type 'Adderall' into Yelp and filter by worst star ratings first," Calloway said.

Despite the stark differences between the Red Scare hosts and Calloway — who apparently arranged the Bell House event after meeting each other for the first time Thursday night — they share strikingly similar careers: they have found a way to turn viral infamy into a lucrative business. Nekrasova and Khachiyan, who revel in sparking outrage among others on the left, rake in over $14,000 per month on Patreon.

Meanwhile, Calloway openly acknowledged that recent controversy has been profitable, hinting that she intends to sell the rights to her story to a studio. Beach is reportedly already doing the same thing — Calloway said on Friday that Beach has sold the rights to her essay to a studio adaptation headed up by Ryan Murphy for over $1 million, although it's not clear whether Calloway was joking.

"With everything that's happened since I was exposed as a scammer, I can't lie, it's been good for business," Calloway said. "Now I can sell my story for way more than my original book deal ever was."

Calloway revels in the spotlight she is able to whip up among her haters, supporters, and onlookers. Before the Bell House event began, I posted an offhand tweet about the fact that I would be covering it. Within an hour, Calloway — who doesn't appear to have a Twitter — had posted a screenshot of my tweet on her Instagram feed.

"Me after playing the media's obsession with me like a violin," she wrote. "Thanks in advance for the story that probably won't be flattering but I hope is flattering @businessinsider !!!!!"

The second season of DC Universe's "Titans" is surging and "Good Omens" has returned to the list, edging out YouTube's "Cobra Kai." "Stranger Things" is still on top almost three months after its third season debuted.

Every week, Parrot Analytics provides Business Insider with a list of the nine most in-demand TV shows on streaming services. The data is based on " demand expressions," Parrot Analytics' globally standardized TV demand measurement unit. Audience demand reflects the desire, engagement, and viewership weighted by importance, so a stream or download is a higher expression of demand than a "like" or comment on social media, for instance.

Below are this week's nine most popular original shows on Netflix and other streaming services:

Vaping, once thought to be a safe alternative to smoking, is facing increasing scrutiny over an increasingly visible health crisis: 530 total possible cases of vape-related lung illness, according to the CDC.

And it's not just cigarette smoking that has people turning to vaping — cannabis, too, is available in vape form. But, like so many black market items before it, the world of illegal weed vapes is tainted with the potential for dangerous additives that could hurt users.

A recent NBC News study documented exactly how real that potential danger is: Of the 15 black market cannabis vape carts NBC had tested, 13 came back positive for containing Vitamin E acetate — a solvent used to cut cannabis that, when it gets in your lungs, could trigger an immune response that causes pneumonia.

Even worse: Of the illegal carts NBC tested, all 15 tested positive for myclobutanil — a fungicide that, when burned, can turn into hydrogen cyanide.

Legal cannabis vape cartridges at a production facility.Facebook/selectstrains

It's not all bad news — NBC News also tested three cannabis vape cartridges from a legal dispensary in California, all from different manufacturers.

All three came back clean, with the testing facility having found "no heavy metals, pesticides, or residual solvents like Vitamin E."

But with no federal-level regulation for cannabis vape carts, and legality of cannabis so balkanized, it's difficult to regulate dangerous additives in vape carts. As the federal government struggles to regulate the quickly emerging market, it's offering a straightforward solution that should work for anyone: Reconsidering buying and using a black market vape cart.

"If you're thinking of purchasing one of these products off the street, out of the back of a car, out of a trunk, in an alley," Mitch Zeller, the director of the FDA's Center for Tobacco Products, said recently, "or if you're going to go home and make modifications to the product yourself using something that you purchased from some third party or got from a friend, think twice."

Porsche officially launched its first all-electric vehicle, the Taycan. The car has been much-anticipated, and invariably has also been compared with Tesla's offerings. You've seen the headlines: "Tesla Killer" and so on.

The German automaker put together some early media drives in Norway, and so far the reviewers have been impressed if not staggered by the devout Porsche-ness of the Taycan.

But they've also done what they've had to do, which is bring up Tesla as the Taycan's precursor and chief competitor.

In The Wall Street Journal, the redoubtable Dan Neil enthused over the Taycan Turbo (there's also a faster and more expensive Turbo S, and no, the Taycan doesn't have turbocharged electric motors — that's just how Porsche ranks its vehicles within the brand's nomenclature). But Neil had to bring up the supercar-fast Tesla Model S P100D and label it the EV champ that the Taycan is taking on.

Read more: In the battle of the Tesla Model S and the Porsche Taycan, it's really no contest

Maybe this seems perfectly natural, if all you know of the automotive realm is Tesla and Toyota. Cars are cars. A-to-B machines. Most run on gas. Tesla's run on electrons. You're aware of this at least.

The King of Petrolandia

A Porsche 911. Porsche

But in the land of petrol, Porsche is a king — and arguably the finest car maker on the planet. The 911 sports car has been in production since the 1960s and is considered by many if not most to be the best go-fast ride that money can buy. Meanwhile, Porsche basically invented the luxury sport SUV market in the early 2000s with the stunningly good Cayenne. The Panamera sedan has its detractors, but there's no debating the cumulative impact of the Porsche portfolio: the profit margins are the envy of the industry.

Sports cars are irrational; just ask anybody who has ever owned a Ferrari. But Porsche captures hearts and minds. It might lack the overtly flamboyant fizz of a Lamborghini, but a Porsche is probably the car you'd choose if you had to drive for your life.

Enter Tesla, which has existed for about 15 years (Porsche has been around for 88). When Elon Musk's company started out, it was selling a single car, and not very many of them: the original Roadster, with volumes in three-digit territory. It was an undeniably cool car, but it was a curiosity.

Matters got more serious in 2012, when the clean-sheet-design Model S sedan arrived. But still, Tesla has been seriously manufacturing its own vehicles for about ten years. If you round up.

For comparison, cars such as the Ford Mustang (born in 1965) and the Chevy Corvette (born in 1953) have established Porsche-beating credibility in just their most recent iterations, when Ford and Chevy decided that they should be capable of challenging Europe's best.

See also: Apply here to attend IGNITION: Transportation, an event focused on the future of transportation, in San Francisco on October 22.

The car business isn't hard — it's impossible

Elon Musk with the new Tesla Roadster. Tesla

Ask anybody in the car business if the business is hard and they'll look at you as if you had a second head. It isn't hard. It's impossible. The destiny of aspiring car makers, almost uniformly, is to fail. See Tucker. See Fisker. Even relative legends struggle: Aston Martin has gone bankrupt seven times.

Tesla hasn't just not gone bankrupt (despite being close in 2008) — it's become Porsche's biggest rival for the future of driving, at least according to some.

I actually don't think Tesla and Porsche are rivals in any meaningful sense. But there's no avoiding the discourse. When the word "Taycan" is uttered these days, the world "Tesla" typically follows.

Remarkable.

Generally speaking, it's possible for niche players to steal mindshare from industry icons. Since 1992, Horacio Pagani has built his eponymous exotic nameplate into a brand that's talked about as a modern-day Ferrari or Lamborghini — and in the estimation of some pundits, builds more compelling cars. Likewise Sweden's Koenigsegg, founded in 1994.

But those guys make bonkers supercars that sell in minuscule quantities and cost lots and lots of money. Tesla, meanwhile, isn't simply aiming to top vehicles such as the $100,000-plus Taycan with the $100,000-plus Model S trims; it also wants to take on Porsche's parent, the VW Group, in the mass-market.

In that, success has been mixed. The relatively new Model 3 endured a fraught debut, but it did help the company to sell nearly 250,000 vehicles in 2018, a record. Tesla now dominates the EV market worldwide (don't get too excited — the worldwide EV market is tiny). Managing the situation is Tesla main concern. And that makes the reflexive Porsche comparos all the more remarkable. Because Porsche cares not one bit about the mass market. You settle for a Corolla. But you dream of a 911.

Or perhaps a Taycan.

That's Tesla. In 2009, a one-car company. In 2019, a worthy opponent for Porsche. Tesla has indeed come a long way, baby. And probably more than that.

Like many companies engaged in a highly competitive business, Tesla is not always an easy place to work. From long hours to the stress of working under CEO Elon Musk, a job at the electric-car maker can be demanding.

Nine former employees who worked at the company between 2008 and 2019 described their least favorite parts of their jobs. Each asked for anonymity due to a fear of reprisal from Tesla.

Here's what they said.

The photos in this story do not depict the former Tesla employees Business Insider interviewed.

Are you a current or former Tesla employee? Do you have an opinion about what it's like to work there? Contact this reporter at This email address is being protected from spambots. You need JavaScript enabled to view it..