🥕 “$CART” — Instacart’s IPO surprise. SF’s cash for kindergartners. Car-workers’ 40% raise.
The Best One Yet
Nick & Jack Studios
4.6 • 9.8K Ratings
🗓️ 19 September 2023
⏱️ 22 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Instacart is the rare tech company IPO’ing with a profit — Because Instacart has pivoted from Silicon Valley to Madison Avenue.
Twelve years ago, San Francisco gave every Kindergartner a college savings account — It’s not an investment, it’s a manifestement.
And the UAW auto workers strike has 1 big demand: A 40% raise — So we did the math on whether a 40% raise is reasonable or not.
$CART $F $GM $TSLA
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Transcript
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| 0:00.0 | This is Nick. This is Jack. It's Tuesday, T-Boy, Tuesday, September 19th, and today's pod, it is the best one yet. |
| 0:09.0 | Why a T-Boy Jack? You ready for my dinner hurry? Talk to me, what do you got Jack? Hit me out. |
| 0:13.0 | Take off at BTV at 6am. Love it. Connect in Atlanta at 924. Get the Biscop cookies. |
| 0:19.0 | Record a T-Boy teaser for today's pod while I'm walking through the terminal. |
| 0:23.0 | Add terminal three. Land LAX six hours later. |
| 0:28.0 | And into my open arms I shall be waiting with an Uber Jack. I shall be waiting. |
| 0:33.0 | Put that on the T-Boy corporate card, why not? |
| 0:35.0 | I'm holding up a sign. It says, co-host! Co-host! Co-host! |
| 0:39.0 | Oh, that was so awkward if I was sitting next to another co-host. |
| 0:42.0 | Podcasting. It's a small world. First story for today's T-Boy. Before we hit Los Angeles, what do we got Jack? |
| 0:48.0 | For our first story, it's Instacart. The delivery app is finally going public today. |
| 0:53.0 | It's IPO-ing with a profit. |
| 0:55.0 | Because Instacart just moved from Silicon Valley to Madison Avenue. |
| 0:59.0 | For our second story, for the last 12 years, San Francisco has been running a unique experiment |
| 1:04.0 | with money and kindergarteners. |
| 1:06.0 | If you give a baby a savings account, will they go to college or will they buy you? |
| 1:11.0 | Or will they add a blowout? |
| 1:12.0 | And our third and final story, we're in week two of the United Auto Workers' car strike. |
| 1:17.0 | So Jack and I are looking at one question and what's that question, Jack? |
| 1:20.0 | Is it ridiculous to give 150,000 car workers a 40% raise? |
| 1:25.0 | A 40% raise? |
| 1:28.0 | Is that ridiculous or is it not ridiculous? |
... |
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