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TRASHFUTURE

*PREVIEW* This CEO Does Not Exist

TRASHFUTURE

TRASHFUTURE

Comedy

4.7935 Ratings

🗓️ 11 December 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

We've decided to revisit two of our favorite subjects from the past year: OYO, the hotel app that destroys hotels; and Lex Greensill's one weird trick to collapse the global economy. You will enjoy hearing Riley, Milo, and Alice's takes on this. If you want to hear the whole thing, get it on Patreon here: https://www.patreon.com/posts/44863629 We support the London Renters Union, which helps people defeat their slumlords and avoid eviction. If you want to support them as well, you can here: https://londonrentersunion.org/donate Here's a central location to donate to bail funds across the US to help people held under America's utterly inhumane system: https://bailproject.org/?form=donate If you want shirts, you can order them on our new web storefront! Get it here: https://www.trashfuture.co.uk/shop *WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind GYDS dot com). If you need web design help, reach out to him here:  https://www.tomallen.media/ Trashfuture are: Riley (@raaleh), Milo (@Milo_Edwards), Hussein (@HKesvani), Nate (@inthesedeserts), and Alice (@AliceAvizandum)

Transcript

Click on a timestamp to play from that location

0:00.0

He says, we actually feel good about this dance we've taken overall in terms of valuation

0:17.8

or perception in the market.

0:19.1

It's definitely the case that we think some folks, such as this podcast, have misrepresented

0:23.1

the utility of what we do.

0:24.9

But the truth is, and here he says it again, demand has increased significantly in COVID-19

0:29.4

is pointing out the fragility of global supply chains.

0:31.7

So you need me.

0:33.0

Yeah, that's all right.

0:34.1

He didn't say you need me.

0:35.1

Did he actually say that you need me, Bob?

0:37.1

He does say something like that later, though.

0:40.0

People are using us more and more, actually.

0:43.3

Basically, like, when it transpired that Simic was paying, like, small business suppliers,

0:48.2

like, way outside of its payment terms and using Green Sill to do it, causing a bunch of them to, like, close.

0:52.4

Awesome. Green Sill then finally created some rules about not doing that.

0:59.6

And then who knows if anyone's actually following them.

1:01.9

But they said in response to having to create those rules, Lex then said,

1:06.1

the last thing we wanted to do was state what our position was.

1:08.9

And then two minutes later, turn the tap off. And then you have a thousand businesses that go bust right away and then two minutes later turn the tap off and

1:11.1

then you have a thousand businesses that go bust right away.

1:13.4

Oh, don't turn the tap off, mate?

1:14.8

That would be terrible, foolish and somewhat self-defeating in terms of what we were trying

...

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