SoftBank's Vision Fund loses $21B+, DTC brands struggle + NutriSense CEO Alex Skryl | E1529
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 9 August 2022
⏱️ 74 minutes
🧾️ Download transcript
Summary
Jason breaks down SoftBank's Vision Fund losing $21B+ last quarter and reflects on how founders should approach raising capital from megafunds. (2:11) Then, Jason reflects on lessons learned from the tough DTC space (27:05) and gives a quick Jay Trading update! (36:17). To wrap, NutriSense CEO Alex Skryl joins J+M to break down the benefits of continuous glucose monitoring! (47:37)
(0:00) Jason tees up today's solo news + founder interview!
(2:11) Jason breaks down SoftBank's Vision Fund losing ~$21B+ last quarter and analyzes some clips from Masayoshi Son's investor presentation
(11:31) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups
(12:54) Jason disagrees with Masa's new strategy and direction and explains how founders should approach raising capital by megafunds like the Vision Fund and differences between how Uber and WeWork deployed SoftBank capital
(22:46) Assure - To get 20% off your first Special Purpose Vehicle (SPV) visit https://Assure.co/twist
(24:06) Reviewing the biggest hits and misses from Vision Fund I
(27:05) Lessons learned from DTC shutdowns, how VCs deploy capital in a downturn
(34:45) Prometheus - Go to Prometheusalts.com or download it on the App Store and use the access code TWIST to sign up
(36:17) Jay Trading update: $DIS, $AMZN, $WBD, $SFIX
(47:37) Nutrisense CEO Alex Skryl joins to talk glucose monitoring benefits, biohacking, and more!
Transcript
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| 0:00.0 | Okay, everybody, Molly is on vacation. |
| 0:02.1 | But first up, we have some solo, dolo, Jason news. |
| 0:05.4 | Softbank has reported the Vision Fund had a $21 billion |
| 0:09.8 | investment loss less quarter. |
| 0:11.3 | D to C, beverage brand house does not have enough cash |
| 0:13.7 | to continue operations. |
| 0:14.6 | So we talk about how investors look at their portfolio |
| 0:18.4 | and make tough decisions in this kind of a market |
| 0:20.9 | and then we go through my J trades. |
| 0:22.8 | Ford trades so far, you got StitchFix, you got Amazon, |
| 0:25.5 | you got Disney, you got Warner Brothers Discovery. |
| 0:27.8 | One of them's up over 16% and one of them's down over 12%. |
| 0:32.5 | We're going to get into my J trading experiment |
| 0:34.8 | is not investment advice. |
| 0:36.0 | And then after we talk about J trading, |
| 0:38.8 | we're going to have the CEO of NutriSense on the program. |
| 0:42.5 | It's one of my early investments. |
| 0:44.3 | They do continuous glucose monitoring, |
| 0:45.9 | which I believe is going to really help turn around |
| 0:48.3 | this obesity epidemic. |
| 0:49.7 | It's going to be a great show stick with us. |
| 0:52.0 | This week in startups is brought to you by |
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