Is this the end for the Roomba? Why iRobot went bankrupt | E2224

No one's coming for you to help you with your job loss. There's somebody training a robot or software or experts are training AI to do your job. Let me make that clear. Your job's going away. I mean, everybody. How do I know this, Alex, is the question. Well, I get pitched by startups. Well over 50% of the pitches we get are, there's a job writing RFPs. We're gonna write software that lets AI write RFPs, and it will make the average person 50 times better at it, which means forty forty nine people lose their jobs. Get a 100 of your laid off HR executive recruiter friends and start a syndicate. Start a little micro fund. Make a $5,000,000 fund, a $3,000,000 fund, and say, we're gonna go invest in 20 companies, and watch the magic happen. These demo days, which we just had one, this is where the magic happens. We get rid of 99%. We filter out 99% of the applicants, and we try to do our best to give you the top 1%. This Week in Startups is brought to you by lemon.io. Hire pre vetted remote developers and get 15% off your first four weeks of developer time at lemon.io/twist. NetSuite. The business landscape is very chaotic right now. That's why you need NetSuite by Oracle. Get the free business guide demystifying AI at netsuite.com/twist. And Vanta, compliance and security shouldn't be a deal breaker for startups to win new business. Vanta makes it easy for companies to get a SOC two report fast. Get $1,000 off for a limited time at vanta.com/twist. Alright, everybody. Welcome back to This Week in Startups where we talk about tech news, and we try to avoid how absolutely horrible things can get in the real world and focus on business and technology and finance. I'm Jason Calacanis. This is Alex Wilhelm. And big news. The house has passed the Invest Act. Let's get into this because this is something that's very near and dear to my heart. Yes. So the incentivizing new ventures and economic strength through capital formation act, also known as the invest act, passed the house three zero two to one twenty three. So a bipartisan win here. Quite a lot of individual components here, Jason. I could go through them all, but I feel like there's a couple that really stand out. So if you care about venture capital, this is what you need to know. In section 108 of the document, we have new rules for venture capital vehicles, and we have Claude here doing a bit of a reformatting so it's legible. Couple of things happen. First of all, the number of people that can participate in a qualifying venture capital fund has been raised from 250 to 500, and the cap for those funds has been raised from 10,000,000 to $50,000,000. Now, Jason, this is about small venture capital funds that I believe have a lower regulatory burden, and …