Evan
Showing 1–2 of 2 transcripts.
- The Economist41 min
Scam Inc 1: Pigs in a barrel
Jim Tucker, Shane Haynes, Bill Tucker, David, Su Lin Wong, Zannie Minton-Beddoes, Karina, Evan, Edgar, Sam Colbert, Alizé Jean-Baptiste, Weidong Lin, Darren Ng, Claire Reid, Rosie Blore, Heidi Pett, John Shields
In July 2023, Elkhart, Kansas, Heartland Tri-State Bank collapsed after CEO Shane Haynes transferred $47.1 million to the cryptocurrency exchange Kraken following a sophisticated "pig butchering" scam. Despite the board's secret meeting and unanimous rejection of a recovery plan, federal regulators seized the bank, dissolving its charter and costing local shareholders millions while depositors remained insured. This incident exemplifies the rise of global criminal networks that exploit professional relationships to generate tens of billions in annual losses for victims worldwide.
- Y Combinator1 min
DoorDash's Application Video for YC S13
Stanley, Andy, Evan, and Tony, a team of former Facebook and Square professionals, launched Palo Alto Delivery to address the supply-demand mismatch where local restaurants face high delivery demand but lack affordable logistics. By utilizing routing algorithms to optimize a labor pool of drivers with spare time, the founders validated their solution within a month, securing over 150 paying customers and generating more than $10,000 in revenue. The operation scaled from the co-founders acting as initial drivers to a managed system that automatically transmits orders to restaurants, effectively bridging the gap between consumer demand and underserved small business needs.