E1043: News Roundtable! Bloomberg Beta’s Roy Bahat & Coelius Capital’s Zach Coelius on how tech is helping during the crisis, how startups should approach SMB loans, when VC funding will bounce back, Notion’s $50M raise, Zoom’s security issues, Luckin coffee & more!
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 7 April 2020
⏱️ 85 minutes
🧾️ Download transcript
Summary
6:04 What is the timeline looking like for going back to work? What needs to happen before we can get back to normal?
14:51 Has government & media failed the public? How is tech (both big tech & startups) helping during the crisis?
28:33 How should startups approach taking PPP, EIDL & other SMB loans? Should startups begin working more closely with the government?
37:14 When should companies plan on being able to raise capital again?
41:37 Why Jason believes the VC market will bounce back strong & how he is planning on deploying capital?
46:12 Are we going through a generational change & witnessing the creation of "Generation V"?
55:06 Jason's thoughts on what the crisis will actually change
1:04:36 What should permanently change after the crisis: government reliance, UBI, listening to experts
1:11:45 Notion's $50M raise & $2B valuation
1:15:29 Is Zoom trustworthy? Is any software trustworthy?
1:19:13 Luckin Coffee fabricates sales and loses $5B of value in 5 minutes
Transcript
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| 0:54.0 | Hey everybody welcome to another episode of this week in startups. |
| 0:58.0 | We're social distancing and we're wearing our masks. |
| 1:00.0 | Masks could be the path out of this and we're taping this on April 6 for an |
| 1:06.6 | April 7th release and it is good news across the board with the battle |
| 1:12.1 | against COVID-VIT-19 pandemic. Lots of good news coming out of New York. It's very early obviously, |
| 1:19.1 | but a number of people being admitted, number of deaths going down a bit, they speculate they may have hit their |
| 1:23.8 | peak instead of hitting it at the end of April, they may have hit it in the beginning of April. |
| 1:26.9 | Let's pray that that is what's happening. |
| 1:29.2 | Additionally, San Francisco, we started distancing early the Bay Area. We've had only eight deaths in |
| 1:34.9 | San Francisco, a fraction of what's happening in New York. We don't know why this is. |
| 1:39.7 | It could be the density of New York, could be subways, could be that we got to a quick, could be all of these things, |
| 1:44.0 | could be age, but we're getting there, and we're going to get out of this, and we're going to have a great news roundtable today. |
| 1:50.0 | We have two great guests. |
... |
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