OpenSea raises $300M, VW & Toyota commit $170B to EVs, China's strangled tech sector, New media | E1353
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 6 January 2022
⏱️ 67 minutes
🧾️ Download transcript
Summary
In this all news show, Jason and Molly cover Toyota & Volkswagen committing a combined $170B to take on Tesla’s EV dominance (2:30), NFT platform OpenSea raising a $300M Series C at a $13.3B valuation (20:08), China’s tight grip on tech causing job loss and accelerating company closure (44:50), and how Ben Smith from the NYT is teaming up with Bloomberg Media’s CEO to launch a new media company (56:52).
(00:00) Molly tees up the show
(02:30) Toyota and Volkswagen pledge $170B to compete with Tesla
(09:16) RealGoodFoods - Go to https://realgoodfoods.com and use code TWIST for $15 off!
(10:49) Power of Tesla’s supercharging network, why Apple should have bought Tesla
(18:55) Marlow - Get 15% off your individual or team memberships at https://getmarlow.com/twist.
(20:08) OpenSea just raised $300M at a $13.3B valuation
(36:03) Linode - Apply to their Rise program for founder-led, early-stage startups and get 3 years of discounts at https://linode.com/twist.
(37:18) Jason teases his first NFT purchase
(44:50) China’s tech crackdown is causing issues
(56:52) Former CEO of Bloomberg Media is starting a new stealth media company
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | All right, everybody. Welcome to this week in startups full news show today. We do have interviews |
| 0:04.7 | on the way because I know you are missing them. We're just sort of getting the vibe. We're getting |
| 0:08.0 | the vibe down as co-hosts, but you know, we're going to talk to some other people going forward |
| 0:13.0 | today, though, on the show 170 billion dollars going into electric vehicles combined by Toyota |
| 0:19.7 | and Volkswagen, even Sony, apparently, is going to make an electric car. We're going to talk about |
| 0:25.9 | what is coming up in that market. Open C just raised $300 million at a 13.3 billion dollar |
| 0:31.6 | valuation. So we talk about whether it's a bubble. And I think you can say, yes, it's a bubble, |
| 0:36.8 | because Jason just bought his first NFTs. And that bubble just popped because Keanu Reeves might |
| 0:43.1 | have just killed NFTs. Just kill my NFTs, Keanu. Jason's like, let me just have one day. Can I get |
| 0:49.6 | a 10x before you kill him, Keanu? Come on. Let me right now. Speaking of killing China's tight |
| 0:54.6 | regulation is killing their consumer tech industry. We wrap up then with Ben Smith leaving the |
| 0:59.5 | New York Times to team up with Bloomberg Media CEO to start a mystery new media company. And we play |
| 1:05.6 | my new favorite game. Would you invest? Would you invest? It's going to be a great show. Stick with us. |
| 1:11.2 | This week in startups is brought to you by real good foods is modernizing frozen foods and has |
| 1:17.6 | become one of the fastest growing food brands in the US. Everything real good foods makes is low |
| 1:23.2 | in carbs, high in protein, and made from real food ingredients. Go to realgoodfoods.com and use |
| 1:30.1 | code TWIST for $15 off. Marlow. Every founder should have a coach to help them become more |
| 1:37.1 | effective at managing and leading their teams. Get 15% off your coaching membership at getmarlow.com |
| 1:44.7 | slash TWIST. And LaNode has a startup program built specifically for founder led early stage |
| 1:51.9 | startups. It's called rise and it comes with a three year discount program and tech consultants |
| 1:58.0 | to help with infrastructure growth apply today at laNode.com slash TWIST. |
| 2:04.4 | All right, so today we have learned via various channels including CES because yes that's |
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