E1062: News Roundtable! Acquired.FM Co-Hosts Ben Gilbert & David Rosenthal on Clubhouse’s pre-launch $100M valuation, Joe Rogan to Spotify, Uber layoffs, food delivery wars, Facebook buys GIPHY & more!

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 20 May 2020

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

0:31 Jason intros today's news roundtable guests Ben Gilbert & David Rosenthal
6:54 Clubhouse raises Series A from a16z at a $100M valuation pre-launch
11:12 How do $2M in secondary shares play into Clubhouse's situation?
14:08 How Clubhouse achieved "VC-Market Fit"
18:49 Was this investment worth it considering massive former outliers in the consumer social space (Facebook, Twitter, Snapchat)? Or did a16z pay too high of a price?
26:08 Bull/bear cases for founders selling secondary shares pre-launch
33:29 What impact did raising $100M for Mahalo pre-launch have on Jason?
37:18 Joe Rogan to Spotify, guess the acquisition price & macro-impact on the podcast industry
46:09 How massive is this for Spotify's position in the podcast industry? Did Apple drop the ball?
51:28 Jason to Dara: Uber should buy Dominos
52:16 How much podcast market share will Spotify have in the coming years? Will this be viewed as the landmark deal?
57:03 Uber layoffs, potential GrubHub acquisition, does the food delivery business model work?
1:04:57 Why the on-demand food delivery industry has a product-market-price fit issue, should life-long bureaucrats impact capitalist policy?
1:12:03 Who emerges victorious from the food delivery dog fight?
1:15:28 How being too reliant on one revenue stream could kill many ad-based media publications
1:24:38 Facebook's GIPHY acquisition
1:25:55 Twitter thread by GIPHY crowdfunding investor who never received their return, why Syndicate/Crowdfunding leads need to stand up for their investors to downstream firms
THREAD: https://threadreaderapp.com/thread/1262574661239312384.html
1:37:20 How GIPHY's weak relationship with their DAUs led to little negotiating leverage
1:39:05 Predictions for Clubhouse's eventual business model

Transcript

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0:00.0	This week in startups is brought to you by
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0:30.6	All right everybody welcome to this week in Startups.
0:33.1	It's our News Roundtable, you guys love to talk about the news.
0:36.3	You like to get my unvarnished opinion on the news.
0:40.0	I recently had somebody call me and admonished me because I was talking about the news on Twitter and I said
0:44.5	Have you not been paying attention? They said I don't understand why do you share your opinion?
0:49.6	I thought about that for a second and I was like well that's what I've always done like but how does this serve you and I was like never really thought about that
0:57.3	but thank you for the candid feedback we are now in well into month two of quarantine shelter in place if you're watching
1:07.0	this as a historical document it is May 19th 2020 and we are deep in the coronavirus COVID-19 pandemic and it's an absolute
1:19.0	unmitigated disaster. We won't get into that. Today we're going to talk about the news and try to give you a break from talking about politics and the pandemic.
1:28.0	Of course it will come up, I'm sure, with me today.
1:31.0	Two really just great podcasters who I discovered who have a great
1:34.6	podcast called acquired dot fm and I was recently on it and they are the co-found
1:41.0	of Pioneer Square Labs which is like a startup studio, VC fund in Seattle.
1:45.0	And I'll have them explain what startup studio means in this context, or if they're mainly just investing.
1:50.0	But I was recently on their podcast and we did two hours and we just had great chemistry.
	...

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