Coinbase lays off ~18%, EU crypto regulation, $NFLX & $ROKU ad-tech talks, Hallow prayer app, Prey laptop security | E1484

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 14 June 2022

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, we kick off the episode with Coinbase’s several hundred-person layoffs (3:23) and the EU’s crypto regulation in progress (23:15). We cover Netflix talking with Roku to help run its planned ad-supported tier (35:18). Our Startup of the Day is Catholic Prayer and mediation app Hallow, partnered with Mark Wahlberg for promotion (41:03). We’ll also showcase Prey, a company that helps protect laptops from theft, which our producer Justin should’ve used in his recent burglary (47:57).

(0:00) Jason and Molly tee up today’s news stories
(2:30) Apply today to Remote Demo Day - at remotedemoday.com and pitch +10K investors of thesyndicate.com, and close your round
(3:23) Coinbase laid off 18% of its staff after a crazy few weeks in the crypto space
(14:44) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST
(15:59) Looking at Coinbase’s strongest quarter to date
(22:01) Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST
(23:15) EU Crypto Regulation is approaching
(34:02) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
(35:18) Netflix has reportedly reached out to competitors like Roku and Comcast for help with ad sales
(41:03) SOTD: Catholic prayer app Hallow raised $52M and has ads featuring Mark Wahlberg
(47:57) WLitF: Prey app + Producer Justin’s robbery story

Transcript

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0:00.0	Hey everybody, everybody, it is Tuesday
0:02.0	and the Warriors have won Game 5.
0:04.4	My voice is a little raspy,
0:05.9	but I'm gonna get through the show
0:07.1	and we got a lot to talk about, Molly.
0:09.2	We definitely do.
0:10.0	We're gonna kick it off and spend some time
0:12.2	on Coinbase's thousand plus person layoffs.
0:15.9	What that's gonna mean,
0:16.9	what the company's gonna do going forward,
0:18.6	how it's been handled,
0:19.5	and then the EU's crypto regulation already in progress.
0:24.1	Yeah, and then we'll talk about Netflix,
0:26.5	has reportedly engaged Roku and Comcast
0:29.5	to talk about an ad-supported tier,
0:31.3	very interesting news there.
0:32.9	Yeah, when in trouble, get some help, I think.
0:36.1	We're gonna talk about, this may come as a surprise,
0:38.8	Catholic Prayer, in the form of the Meditation app,
0:42.6	Hello, which is partnered with Mark Wahlberg to promote it.
0:46.8	Oh, Mark Wahlberg, get your prayers up.
0:49.5	Speaking of praying, we're gonna showcase a startup
	...

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