NYT’s Glossier hit piece, VC winters, Activist CEOs and Podcast live events with Acquired’s David Rosenthal | E1472

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 1 June 2022

⏱️ 84 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today, Acquired’s David Rosenthal joins us. We discuss their recent Climate Pledge Arena Show (1:37), the new fundraising environment, and what the best founders and VC firms are doing (21:29), and we dig into the New York Times' latest hit piece on Glossier CEO Emily Weiss (37:40). We wrap with an optimistic look at what Australian billionaire and Atlassian CEO Mike Cannon-Brookes is doing to take on Australia's biggest polluter (1:00:59).

(00:00) Cold open
(1:37) David Rosenthal from Acquired catches up with Jason and Molly
(12:01) Coda - The All-in-one doc for teams, get a $1,000 credit at https://coda.io/twist
(13:18) Crypto downturn, good for crypto in the long run?
(20:11) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(21:29) “VC Winter” warnings for founders
(36:24) Reforge - Apply for their next cohort at https://reforge.com/twist
(37:40) Glossier hit piece - NYT decides to dunk on Glossier founder Emily Weiss
(53:13) Jason reveals his workshop process for comedy
(56:38) Founders’ response to NYT hit piece on Emily Weiss
(1:00:59) Mike Cannon-Brookes trying to buy AGL, Australia's largest energy producer
(1:13:05) Teasing tomorrow’s show: GameStop earnings

Transcript

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0:00.0	There's an important thing too, you kind of baked into what you were saying, the mindset of the
0:04.0	past few years has been how hard is it going to be to raise the next round? Well, an assumption
0:08.8	baked into that is that we raise the next round. But there will be one, right? The best companies
0:14.2	throughout history, you pretty quickly get to a point where you control your own destiny,
0:18.8	your cash flow positive, you're only raising money if you want to raise money, but you never
0:23.2	need to raise money. Almost all of the very best companies, you know, with the exception of like
0:28.7	a Tesla that's like a very different case where it's like manufacturing, physical,
0:34.3	world stuff, very capital intensive. You know, even Amazon, like didn't raise that much money
0:41.4	in the VC markets or in the private, they took out debt as a public company, but that's a different
0:45.7	thing. Like the faster you can get to controlling your own destiny, just the better you're going to be
0:51.5	period. This week in startups is brought to you by Coda. Coda is the all-in-one doc for teens.
0:57.2	If you've got a stack of niche workflow tools or if you've been buried in docs and spreadsheets,
1:01.8	Coda is the doc that brings it all together. Startups can get a $1,000 credit at coda.io slash
1:08.4	twist. Lemon.io. Need to speed up your product development without draining your budget?
1:14.5	Higher vetted engineers from Europe at lemon.io. Go to lemon.io slash twist to get 15% off for the
1:21.3	first four weeks. And reforge. Reforge is a career development platform for top professionals
1:27.7	in growth, product, marketing, and engineering. Their summer cohort starts July 18th,
1:33.2	so apply for membership today at reforge.com slash twist. All right, everybody, welcome.
1:38.8	It's Monday and here we are at Nots Tuesday. But it feels like Monday because we all have a nice
1:44.0	long weekend. If I feel like Monday, I'm like so ready to start the week yesterday, all weekend.
1:48.4	I was like, you've been on one since we got back from Miami. Clearly, people are the sun for Jason.
1:55.4	Now he's just like, we are going to do this and this and this and this and this is going to happen.
	...

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