CCP closes foreign IPO loophole + Audius’ Roneil Rumburg: decentralized project crash course | E1273

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 27 August 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

First Jason covers the CCP banning US IPOs for big tech companies, closing the VIE loophole (1:50), then Audius Co-Founder Roneil Rumburg joins (18:44) to talk about his "decentralized SoundCloud," how decentralized crypto projects actually work for investors and executives, and more!

Transcript

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0:00.0	Okay, everybody. Welcome to another amazing episode of this weekend startups. It's Friday, Friday,
0:05.2	and we've got a great show for you. Audiences co-founder, RoNeil Rumburg joins us to talk about his
0:11.7	crazy crypto project, which is basically a decentralized Spotify or SoundCloud where artists
0:17.2	aren't tokens for engagement on their songs and then people create servers and their own clients
0:22.3	like Spotify. And it has generated a billion dollars in market cap. It is a crazy ownership
0:28.7	structure. You have to hear it to believe it. And I want to talk about China and how they are
0:34.3	interfering and basically closing the news on all of their tech companies. Stick with us. It's
0:40.4	going to be a great episode. Season three of the next unicorns is brought to you by LinkedIn
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1:28.2	business apps that lets you build and scale your stack as you build and scale your business.
1:33.6	Your first app is free forever. And right now Odo is offering $1,000 off your first implementation
1:42.5	pack at odo.com slash twist. That's odo.com slash twist. Okay. In our first news story, China is
1:52.7	planning on banning US IPOs for big tech companies. This is an ongoing story. And we've got to
1:59.3	keep talking about it. The Wall Street Journal today in an exclusive report. And here's the quote,
2:04.4	China plans to propose new rules that would ban companies with large amounts of sensitive
2:10.0	consumer data from going public in the US people familiar with the matter said. So let that sink
2:15.6	in. We allowed TikTok here, which has access to people's microphones, their photo rolls,
2:20.8	their camera, their location, and their friend graph, and their phone book. We let China have all
	...

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