Nextdoor SPAC breakdown, Pelosi trading options + Morning Brew’s Alex Lieberman | E1242

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 8 July 2021

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

First, Jason breaks down the highlights from Nextdoor's SPAC announcement (1:48) and covers the profits made by politicians trading tech company options (16:26). Then, Alex Lieberman, Co-Founder & Executive Chairman of Morning Brew, joins to talk about growing a newsletter business (45:34), expanding as a media company (49:51), angel investing (57:19) & more!

Transcript

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0:00.0	Okay, today we have a great interview with Morning Brews, Alex Lieberman. We break down how they
0:05.6	went from a few hundred subscribers, zero dollars in revenue back in 2015 to then selling the majority
0:12.2	of the company to insider for 75 million just five years later, just great entrepreneur,
0:17.2	who's now an angel investing. So we talked about that a whole bunch. And before we do that,
0:20.4	we have two quick news topics for you. Next door is going public via SPAC. In fact,
0:24.6	costless SPAC. So this is very interesting to see a venture firm SPAC actually take out another
0:29.8	venture capital firm's big bet, namely, benchmarks next door. And Nancy Pelosi is yolowing it with
0:37.1	calls now and seems to have made a bunch of money buying Amazon. Okay, stick with us.
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1:48.7	Okay, next door, which is a neighborhood network is going public via SPAC with Coastal Ventures 2
1:56.0	ticker symbol KVSB for now. Once the merger is complete, the next door publicly traded entity will
2:04.5	trade under the ticker kind K I N D not kind bars, but kind, which I guess is the last N D is
2:12.2	next door and the K might be for Coastal or be kind to thy neighbor, one of those. But before we
2:17.6	get into SPAC, here's a hilarious clip from when I interviewed the former CEO, Nirov Tolya at
2:26.3	launch festival back in 2018. I'm such a huge fan of next door. I've been part of three communities.
	...

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