E1073: The Power of Accelerators E8 Mike Jones, CEO of Science shares insights on what makes a great Direct-to-Consumer Founder, investing early in Dollar Shave Club, economics of a venture-studio & more!

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 10 June 2020

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

0:32 Jason speaks on current events and intros Science CEO Mike Jones, how they met after selling their companies to AOL
6:02 What is Science and how has it evolved since being started in 2011? Why did they pivot away from the startup studio model?
12:43 What are the economics of a venture-studio?
15:25 Defining the 3 scenarios of a "lifestyle-business"
18:41 Founders sharpening their skills through hardship, how Mike experienced that at MySpace
25:48 Investing in Dollar Shave Club, insights on what makes a great DTC founder
38:25 Short-term/Mid-term/Long-term impact of COVID
48:37 What is gained and lost in fully-remote work?
57:28 Thoughts on eventually going back to work?

Transcript

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0:00.0	This Week in Start-Up's The Power of Accelerator series is brought to you by
0:05.4	LinkedIn Jobs a business is only as strong as its people and every hire matters
0:11.6	to post a health care or a central service job for free,
0:16.0	visit LinkedIn.com.
0:19.2	And Dell for entrepreneurs. Level up your hardware today and save up to 43% by going
0:27.0	to Dell.com slash twist.
0:32.0	Hey everybody,
0:33.0	welcome to another episode of this week in startups.
0:35.0	I'm your host Jason Callicanish.
0:36.7	You can follow me on Twitter,
0:38.2	Twitter.com slash Jason or Instagram.
0:40.7	com slash Jason, but I'm hiding all my photos
0:43.2	and archiving them on Instagram
0:44.8	because I don't want to support Facebook
0:46.9	and Zuckerberg anymore.
0:48.1	It's a crazy time right now, obviously,
0:50.9	the pandemic and then the social unrest and what we've seen in terms of the protests
0:59.6	obviously it's very difficult to talk about business at a time like this.
1:04.0	It's difficult to run a business at a time like this.
1:07.0	There's so many distractions.
1:08.0	But, as I've said a number of times on the show,
1:11.0	what matters to people in their lives? Well, being alive, right?
	...

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