BREAKDOWN: Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 July 2020
⏱️ 52 minutes
🧾️ Download transcript
Summary
More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship?
This episode is sponsored by Bitstamp and Crypto.com.
Today on the Brief:
- Disappointing jobless claim numbers with first increase in 4 months
- US banks now allows to custody crypto
- Senate hears arguments for a digital dollar in the context of US-China economic competition
Our main conversation with Sahil Bloom
Sahil Bloom is an investor with Altamont Capital Partners and a prolific author of financial literacy Twitter threads.
In this conversation, he and NLW discuss:
- Today’s jobless claims
- Long term economic impacts from COVID in the travel industry
- “Forced efficiency realization”
- How remote work opens white collar professionals to global competition
- Whether tech platforms are a destructive or enabling force for small business
- Why financial education is essential and sorely lacking
- Why the Robinhood rally crowd represents a positive opportunity for bringing new voices into the markets
Find our guest on Twitter: @sahilbloom
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:00.0 | I think we are increasingly going to be moving towards global competition for high paying and for highly technical jobs. |
| 0:07.9 | I think that technology has been driving that change for a number of years and it's just much more visible now because of all of these accelerating movements. |
| 0:17.3 | I mean, over the last 10 years, if you had a friend that started a new startup and was trying |
| 0:21.5 | to bootstrap it, where was he getting the technical and back end work done? It was Ukraine, |
| 0:26.8 | it was Bangladesh, it was India. And those developer jobs have been international and that |
| 0:31.5 | competition existed internationally in the freelance market. It's just that now the freelance |
| 0:36.1 | market is going to be the mainstream |
| 0:37.6 | market in a lot of ways as we go forward. So, yes, I do think you're going to see an increasingly |
| 0:43.8 | globalized world as it relates to that kind of talent as more and more of these jobs go digital |
| 0:49.5 | and go into the digital ecosystem. Is it a good thing or not? Is a much more tricky question for me? |
| 0:56.1 | I very much believe in the American dream. My family came here to pursue that, and I very much |
| 1:04.2 | believe in it, and I believe we live in the best country in the world. That being said, |
| 1:08.7 | I'm also a big believer that historically and throughout history, |
| 1:12.9 | talent is evenly distributed, but opportunity is not. And that is something that really has |
| 1:17.7 | troubled me throughout my life and something that I'm determined to, even in the tiniest way, |
| 1:22.6 | help fix throughout the course of my life. And this is an event that begins to see opportunity distributed more evenly. |
| 1:32.4 | Welcome back to the breakdown, an everyday analysis breaking down the most important stories in Bitcoin, Crypto, and Beyond. |
| 1:41.2 | This episode is sponsored by BitStamp and Crypto.com. |
| 1:45.8 | The breakdown is produced and distributed by CoinDesk. |
| 1:50.2 | And now, here's your host, NLW. |
| 1:55.5 | What's going on, guys? |
| 1:56.8 | It is Thursday, July 23rd, and today my main conversation is with Sahil Bloom. |
... |
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