How to & How NOT to do Layoffs, the Tax Tip to save you MILLIONS and is the Gas App Going to Solve Bullying?

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.8 • 1.1K Ratings

🗓️ 25 October 2022

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 3: Today, hosts Alex Lieberman (@businessbarista), Sophia Amoruso (@sophiaamoruso), and Jesse Pujji (@jspujji) get into the MADNESS of the Gas app - a new social networking platform that has surpassed Instagram, TikTok and Twitter for daily downloads. Then, they get into how to & how NOT to conduct a layoff, whether it’s for one person or a company-wide one. And finally, the trio gets real about the secrets of QSBS and how understanding it can save you MILLIONS. 00:01 - Cold Open: Jesse speaking to Zuckerberg about the highschool version of Facebook 00:32 - Intro 01:35 - The Rundown 02:27 - How the “Gas” app works and how it stays positive 03:50 - Sophia on the Founder of Gas being a “master” of testing & iterating 05:45 - Alex on Highschoolers being the “best demographic” to build an app for 07:40 - Jesse on the difficulty of building consumer businesses 07:57 - Jesse’s highschool version of Facebook 10:00 - Jesse speaking to Mark Zuckerberg 12:44 - Where does the Gas app go from here? 13:35 - The “Gas” app’s ‘money printing machine’ 15:40 - The second & third gen of Social Apps 17:50 - The Takeaways from Gas 21:48 - The “Hub & Spoke” Model of building your business 23:10 - Microsoft & the trend of Tech Industry Layoffs 24:32 - Sophia on layoffs needing more clarity & planning 28:50 - Jesse on Founders needing to be passionate about people & leadership 30:35 - The HORRIBLE Better.com Zoom layoff & reaction 34:30 - What is QSBS & how it saves founders MILLIONS Links: WSJ article on the Gas app Nikita Bier’s tweet on Gas’s success Allegations on China faltering the Gas app’s growth Microsoft lays off 1,000 Chart of all Tech Industry Layoffs since COVID How To Rally A Company Through a Round of Layoffs Netflix on building a “team not a family” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In 2005, I started a high school version of Facebook.
0:02.9	What was your first impression of Zach when he spoke to him while you were building the
0:06.4	high list?
0:07.4	And did he talk about Oculus in your conversation?
0:09.2	I called him out of the blue and I'm like, hi, someone's always telling me they want
0:12.9	to sell it.
0:13.9	Buy this from you.
0:14.9	Is that true?
0:15.9	Are you guys going into high schools?
0:16.9	Because we were freaking out.
0:17.9	We were like, they go into high schools.
0:18.9	We're toast.
0:19.9	And he just, for 45 minutes, I didn't say word.
0:20.9	He just told me the holster added you, which they actually did the whole thing.
0:24.0	We're going to go into high schools and pods and workplaces.
0:27.1	It's going to be your online identity.
0:29.1	He had already figured it all out in 2005.
0:32.5	Here's to the crazy ones, because the people who are crazy enough to think they can change
0:36.4	the world are the ones who give.
0:41.3	What's up, everyone?
0:42.3	I'm Alex Lieberman.
0:43.5	And I'm Sophia Amarisa.
	...

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