Coup Barrymore | Group Chat News Ep. 798

Group Chat

Entrepreneurship, News, Business

4.8 • 1.5K Ratings

🗓️ 24 August 2023

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, Dee and Anand are joined by Josh Kaplan to discuss Ghost’s series B close. Then, Drama, Dee, and Anand delve into the latest happenings, from India's lunar milestone with the Chandrayaan-3 spacecraft to the shocking demise of Prigozhin in a Russian plane crash. They also unpack Nvidia's staggering 170% sales leap projection fueled by AI chip demand, and Peloton's struggles—a 30% share dip, increased losses, and slumping sales tied to a Bike recall and seasonal trends. Tune in for these updates and more on this week’s Winners, Losers, and Content!

- Written by ChatGPT

Timeline of What Was Discussed:

Behind the scenes of the process of raising capital from Dee Murthy and Josh Kaplan, co-founders of Ghost. (0:00)
When have you ever been proud to be the fourth at anything? (38:26)
Is the entertaining outcome the most likely? (45:16)
It’s earning season! The latest of Nvidia, Nike, Foot Locker, Peloton, and more! (51:33)
Winners, Losers, and Content. (1:02:57)
Group Chat Shout Outs. (1:15:23)

Transcript

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0:00.0	All right, Kathy's, you know, we had a really nice discussion teasing what we're going to do today.
0:07.1	Obviously, by now, you may or may not know, we obviously announced our ghost fundraise and
0:16.4	you know, I think what we wanted to do today, we have Josh on here, Josh Kaplan, our co-founder,
0:21.3	and fellow Kathy. Yes, sir. We wanted to really talk about a couple things. One, like,
0:26.8	explain to people what we actually do. I think that'll be helpful because I don't really talk
0:31.1	about it. Talk about the fundraising process itself because I think that was quite fascinating.
0:37.6	And then lastly, really talk about how I think there's a lot of opportunity to be building with
0:45.9	or on top of ghosts today. Love it. I'd like to start with the question. Okay, so the initial
0:53.2	response and I'm sure we've seen it in a handful of group chats. When you see a headline number,
1:00.2	D in Josh, just rate $30 million. Yeah, everyone thinks you're filthy rich. Yeah. Right? Yeah.
1:09.2	Yeah, a lot of new phone calls. I got a lot of financial advisors. Let me tell you something
1:16.5	what we are not. The vultures are filthy rich. And that's both personally and the business because I
1:24.8	think even more so, what's more egregious is the amount of people that are soliciting us to spend
1:30.8	the money that we raised. Yeah. In terms of services and products, services, product, real estate,
1:36.6	you know, office space, things like that, like everything you name it, people are saying great,
1:40.8	you raise this money, you have to spend it all immediately. Whereas Charlene who runs our finance
1:46.4	is basically like she like literally will call me out if I validated somebody. Those validations
1:53.3	are expensive. Yeah. She'd be like, who's Joe that came by? Like, he's one last week. Yeah.
2:01.5	I think the important thing and this is probably a good segue to, you know, this process is
2:07.8	how important capital efficiency is now in today's environment. And so 30 million dollars is not,
2:13.7	okay, great, spend 30 million dollars as fast as humanly possible to grow, which maybe there
2:18.5	was a point in recent history where that was the case. Now what it is is it's buying you runway
	...

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