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This Week in Startups

Robinhood earnings breakdown, Amazon launching department stores + Mark Suster deep dives VC | E1268

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 19 August 2021

⏱️ 93 minutes

🧾️ Download transcript

Summary

Jason breaks down the 2 metrics he uses to to assess Robinhood's Q2 earnings (1:43) and Amazon entering Department Store retail (16:39). Then, Mark Suster from Upfront Ventures joins (24:07) to discuss venture metrics, community as a moat, why high valuations don't necessarily mean a bubble & more.

Transcript

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0:00.0

Okay, everybody. We've got an amazing show for you today. My friend, Mark Suster, who is an

0:05.2

investor talks about the pivot he is doing at his venture firm, really fascinating stuff.

0:10.8

And we talk about a range of topics. This is one of those guests who's been on the program now six

0:15.6

times. This was a six appearance. And he's going to be on every six to 12 months because like

0:20.0

Keith Roboi or some other folks we have in rotation. He's just that good. He's just that good.

0:25.3

You're going to literally wish we had done two hours instead of the one hour.

0:29.2

But I'm going to talk to you about Robinhood's earnings and Amazon going into big box retail stick

0:35.7

with us. This week in startups is brought to you by LinkedIn marketing to redeem a $100

0:42.8

LinkedIn ad credit and launch your first campaign. Go to LinkedIn.com slash this week in startups.

0:50.7

Twilio runs an amazing program for startups that includes a $500 getting started credit access

0:57.6

to webinars made exclusive for startups, $3,000 in centered credits, and full support via their

1:04.7

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1:14.4

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1:21.1

help match you with the best freelancers for your team. Right now you can sign up for Fiverr

1:27.7

Business free for the first year and save 10% on your purchase with promo code Jason.

1:34.9

That's F-I-V-E-R-R.com slash business and use promo code Jason.

1:42.8

All right, first up in our news rundown before we get to our interview. Robinhood doubled

1:48.0

the revenue year over year, but their stock is down almost 10% due to warnings of a trading

1:53.7

slowdown full disclosure slash flex. I was one of the early angel investors in Robinhood before

2:00.7

they even watched the product. So I still have all my shares having so one don't plan on selling any

2:06.0

of my shares. I will distribute my shares to my LPs and my fund, but I'm along the company. I

2:11.5

think they can get to a hundred million accounts and that has never been done before. At least to

...

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