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This Week in Startups · 2025-10-13 · 76 min · 15,036 words

What Ramp's data tells us about AI, unemployment and more with CEO Eric Glyman | E2192

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30 minutes before Trump dropped the news and sent the markets into chaos, someone took a very large short position, about $700 million, Jason, in notional value. And then after the crypto market took an enormous dump, they closed the position and made between $160 and $200 million. Reports vary a little bit. Now, they have highlighted the person they think this is, a hedge fund manager out of Hong Kong. He has gone on to Twitter and said, hey, guys, I had no inside information.

I don't know the Trump family. But that's pretty speculative. I don't think we've locked down 100% that it was him, but people are just saying, hey, if you make such a strong trade so quickly before an enormous news event and close it, it seems like you had inside information. This week in Startups is brought to you by PaperOS. Building an empire, PaperOS offers the largest library of AI-driven workflows for both founders and fund managers.

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