Spotify earnings, Grimes takes AI-based music approach + Cafe X CEO Henry Hu | E1728
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 25 April 2023
⏱️ 55 minutes
🧾️ Download transcript
Summary
Jason starts the show by breaking down Spotify’s latest earnings report before discussing pop star Grimes taking to Twitter to announce a new business model for her AI-generated music (1:44). Then, Cafe X CEO Henry Hu joins Jason to discuss their latest equity crowdfund and being resilient, surviving a downturn, and more (18:22).
(0:00) Jason kicks off the show
(1:44) Spotify Earnings
(8:25) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(9:56) Grimes takes an AI-based music approach
(16:57) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups
(18:22) What is Cafe X?
(26:20) Advantages of a robot arm
(31:10) Brilliant.org - Get 20% off an annual subscription at http://brilliant.org/twist
(32:40) Cafe X’s pivot
(38:07) Pricing of the Cafe X system
(40:54) Cafe X’s OS
(42:42) Raising equity crowdfunding
(43:11) Navigating edge issues
(45:22) Finding success and Cafe X’s current focus
(50:38) Inventing menu items and other use cases
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Transcript
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| 0:00.0 | Okay, everybody, first up, we have some music tech |
| 0:02.8 | and podcasting news for you. |
| 0:04.3 | Spotify has reported their first quarter earnings |
| 0:06.7 | and they're really growing their user base. |
| 0:09.9 | They're over 500 million global monthly active users. |
| 0:13.6 | And in related news, Grimes, the artist, |
| 0:18.2 | as we did, she wants everybody to take her AI voice |
| 0:22.8 | and make songs and she'll split revenue with people. |
| 0:25.8 | One of the most fascinating, |
| 0:27.1 | interesting, innovative things I've seen |
| 0:29.3 | in the history of the music industry, |
| 0:31.3 | I think it's gonna result in some bangers. |
| 0:33.6 | And then I have CafeX CEO and founder Henry Hugh |
| 0:36.6 | on the show to talk about his crazy last couple of years. |
| 0:40.8 | Near death experiences as an entrepreneur, |
| 0:42.9 | never giving up and just making that robotic coffee machine |
| 0:46.4 | that you see at SFO. |
| 0:47.6 | That's actually making hundreds of thousands of dollars |
| 0:50.2 | a year he figured it out. |
| 0:52.0 | One of the great dog and founders I've ever worked with, |
| 0:54.4 | super innovative, it's going to be a great show. |
| 0:56.6 | It's just stick with us. |
... |
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