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This Week in Startups

Emergency Pod! WallStreetBets vs. Suits, breaking down the GameStop fiasco & more | E1167

This Week in Startups

Jason Calacanis

Technology

4.41.3K Ratings

🗓️ 28 January 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

FOLLOW Jason: https://linktr.ee/calacanis
Clips:
Andrew Ross Sorkin (CNBC)
https://twitter.com/squawkcnbc/status/1354386200157675521
Andrew Left (Citron)
https://youtu.be/yS4yPsmaDDQ
Chamath Interview with Scott Wapner (CNBC)
https://www.cnbc.com/video/2021/01/27/watch-cnbcs-full-interview-with-chamath-palihapitiya-on-gamestop-and-reddit-fueled-surge.html

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everybody. It's an emergency pod. Yes, you've been waiting for one. Game Stop and Wall Street

0:07.6

bets. The markets are going crazy. Retail investors over at Wall Street Betts have taken the wheel.

0:14.3

The inmates are running the asylum, the asylum being Wall Street, and the suits are panicking

0:20.0

while all of these rules are changing.

0:22.4

$39 for Game Stop just a couple weeks ago.

0:26.1

Now it peaked at 370.

0:27.9

We're going to explain to you what Wall Street Betts is, how it started, and this entire Game Stop fiasco which is unprecedented in the

0:36.7

history of the stock market when we get back on this emergency pod. Stick with us. Do you ever wish that you invested early in the best performing

0:48.4

IPOs of 2019 and 2020? Well, our crowd investors did invest early in many of these amazing IPOs that we're seeing now, and with our

0:56.3

crowd accredited investors can invest directly and easily in startups early before the IPO and before they get bought.

1:02.3

And it's really super easy to do you go to

1:03.8

our crowd.com slash twist our crowd dot com slash twist that's where you can sign up

1:09.4

it's free to sign up when they have an exit it's usually they get bought by another big company or

1:14.4

the IPO like Beyond Meat was one of the companies on Our Crowd and they had a great

1:18.2

IPO and that some of them have been acquired the our crowd companies have been acquired

1:22.3

by Nike and tell Microsoft Microsoft, and Oracle.

1:24.5

And they do at our crowd, very in-depth due diligence.

1:27.0

This includes meeting with the management team and doing a really comprehensive vetting of the deals they

1:32.3

decide to invest in.

1:33.3

accredited investors can participate in single company deals for as little as $10,000.

1:37.9

And you can invest in one of our crowds funds for as little as $50,000.

1:41.7

And usually the take a price on a fund these days

...

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