Bolt's struggles with The Information's Malique Morris + How Yuga Labs' mint sent Ethereum Gas 120X + Gravity Sketch | E1449
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 3 May 2022
⏱️ 84 minutes
🧾️ Download transcript
Summary
First, we discuss Bolt’s declining customer base and struggles with The Information’s Malique Morris (02:50). In addition, we discuss Fast, Amazon's "Buy with Prime," ShopPay (25:35) and all the other developments in online checkout. Next, we cover a massive spike in Ethereum gas prices from Yuga Labs and Solana's bot attack (55:12). We wrap with our Startup of the Day: Gravity Sketch, a 3D design platform (1:11:35).
(00:00) Jason and Molly introduce today’s show
(02:50) Last Thursday, The Information’s Malique Morris published an article on Bolt’s declining customer base and struggles, he joins us to discuss
(12:19) Ourcrowd - Check out the deal of the week at https://ourcrowd.com/twist
(13:26) Speaking to Domm Holland and Ryan Breslow, how are they different?
(24:19) Fiverr - Sign up for https://Fiverr.com/Business free for the first year and save 10% on your purchase with promo code JASON
(25:35) Amazon’s “Buy with Prime” and their Amazon Basics monopoly
(32:12) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com/startup today to learn more.
(33:08) Stripe doing their own Fast checkout, competing against their own investment?
(46:20) Wrapping up with Malique Morris
(48:50) Spring energy in New York
(55:12) WEB 3 is going great update
(1:11:35) We Live in the Future with our Startup of the Day: Gravity Sketch, a 3D design platform
Read Malique's Article: https://www.theinformation.com/articles/bolt-a-checkout-startup-worth-11-billion-has-been-losing-customers-as-revenue-stalls
FOLLOW Malique: https://twitter.com/luxeoflique
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | Hey, everybody, happy Monday. |
| 0:01.7 | It's a big Monday. |
| 0:02.6 | It's going to get a huge news week. |
| 0:04.2 | What do we got, Molly? |
| 0:05.1 | God, it is, is it? |
| 0:06.7 | It's never ending the news weeks. |
| 0:08.6 | This is, thank God it's Monday, though, |
| 0:10.7 | because there were tons of stories over the weekend. |
| 0:13.9 | We work, we work. |
| 0:16.0 | We work. |
| 0:17.5 | Yes, we work. |
| 0:18.7 | It's Monday, DJI Monday. |
| 0:21.4 | Happy Run Julio on Monday, we work anyway. |
| 0:24.3 | We are opening the show today with an absolute banger |
| 0:27.8 | of an interview, such a sharp phenomenal reporter, |
| 0:31.0 | a conversation about one click, check out the whole ecosystem |
| 0:34.6 | with the scoop machine, Malik Morris, |
| 0:36.5 | from the information we've done. |
| 0:37.5 | One of his stories, like, for the past three weeks. |
| 0:39.9 | Yes, about seven days. |
| 0:41.0 | And fast. |
| 0:41.9 | So we just went to the show. |
... |
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