Netflix earnings breakdown, Kushner’s $3B pitch deck, CNN+ on pause, Grubhub for sale | E1439

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 21 April 2022

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First, we break down Netflix's earnings and discuss where Netflix’s content strategy might have gone wrong (2:46). Then, Jason pitches Jared Kushner’s leaked PE firm fundraising deck (35:15). We wrap with a discussion of Warner Bros. Discovery possibly killing CNN+ (56:27) and Just Eat Takeaway announcing they are looking into selling Grubhub, 10 months after finalizing a $7B acquisition (1:13:21)!

(00:00) Jason and Molly intro today’s news show

(02:46) Netflix reported a drop in subscribers for the first time ever in their Q1 earnings report

(13:54) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.co/twist

(15:14) Netflix vs. other streaming platforms

(24:47) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist

(26:06) Does Netflix need to take more risks with content?

(34:11) Odoo - Get your first app free and a $1000 credit at https://odoo.com/twist

(35:15) Jared Kushner’s $3B VC pitch deck was leaked by The Intercept… it’s exactly what you might expect

(56:27) Axios reports CNN+ is already in danger of being canned 3 weeks after launch

(1:13:21) Just Eat Takeaway announced they’re looking to sell Grubhub after finalizing $7.3B acquisition of the company just 10 months ago

(1:22:22) WeLove Adam Neumann

(1:25:06) All In Summit 30 days away

FOLLOW Jason: https://linktr.ee/calacanis

FOLLOW Molly: https://twitter.com/mollywood

Transcript

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0:00.0	Okay, everybody. Welcome to this weekend's start-ups. Earning season is starting up again,
0:04.8	and so we're doing another new show because there's so much of it.
0:08.8	Yeah, and we'll be covering all of these different earnings and looking at
0:13.7	the why behind it. First up today, we have Netflix showing a huge loss in net subscribers
0:19.2	for the first time ever. Stockdown. 35% now. What a miss.
0:25.6	Absolutely brutal. We have a great conversation about Netflix's content strategy
0:31.3	and where they might have gone wrong. We have a lot of thoughts. I'm just saying we're here
0:34.3	for to be put on retainer because we got ideas for you. And then Jason and trust me, you want to
0:41.4	stay for this. Jason goes ahead and pitches Jared Kushner's leaked VC deck. That is a real thing
0:48.4	that I just said, unlike everything that is said in the pitch deck.
0:52.4	It's the worst pitch deck ever done, and I have a hard time getting through it. I mean,
0:56.8	it's the craziest word salad, but he raised two or three billion. So go figure who knows something
1:01.9	I don't. Finally, two crazy stories back-to-back, two huge disasters in the business space. It seems
1:10.2	like everything is people flipping the car right now. CNN Plus might be on the chopping block
1:16.3	just three weeks after launching. And we're going to cover just eats and their acquisition of
1:22.0	GrubHub, which just happened. And now they want to sell the company. I don't understand what's
1:26.0	happening in the world. Everything is coming apart. Everything is coming apart. And that's why you
1:30.6	need our amazing show. So stick with us. You're going to learn a lot of things today. Lots to learn.
1:38.0	This week in startups is brought to you by Open Phone. As a startup founder, a lot of mistakes
1:44.7	are easy to roll back, but using your personal cell phone number as your company number
1:49.6	isn't one of them. Open Phone makes it easy to get business phone numbers for you and your team.
1:54.8	Right on top of your existing devices, visit openphone.co slash twist to get 20% off your first six
	...

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