Tech Earnings Breakdown: $UBER, $LYFT, $KIND with TechCrunch's Alex Wilhelm | E1845
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 11 November 2023
⏱️ 79 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
NetSuite. Once your business gets to a certain size the cracks start to emerge.  Things you used to do in a day take a week. You deserve a customized solution - and that's NetSuite. Learn more when you download NetSuite’s popular KPI Checklist - absolutely free, at NetSuite.com/twist
Miro. Working remotely doesn’t mean you need to feel disconnected from your team. Miro is an online whiteboard that brings teams together - anytime, anywhere. Go to https://miro.com/startups to sign up for a FREE account with unlimited team members.
Arising Ventures is a holding company that acquires tech startups facing setbacks. Arising Ventures knows what founders care about because they aren’t bankers, they are tech founders themselves! Go to http://arisingventures.com/TWIST
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Today’s show:
TechCrunch's Alex Wilhelm joins Jason to break down the latest earnings reports from Uber (4:04), Lyft (24:28), and Nextdoor (44:15). Then, the two dive into WeWork's failed business model (1:01:44), the viability of various careers as AI advances (38:33), and much more!
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Time stamps:
(0:00) Tech Crunch’s Alex Wilhelm joins Jason
(4:04) Uber’s earning report
(7:04) Pirate cut-throat mentality analogy and the money-ball system
(10:11) NetSuite - Download your free KPI Checklist at http://www.netsuite.com/twist
(11:12) Did the press get Uber’s Earnings report right?
(17:39) Uber and the J-Curve
(20:29) Miro - Sign up for a free account at https://www.miro.com/startups
(22:17) Uber, China, and DiDi
(23:14) ZIRP environment playbook to own a market
(24:28) Lyft gets a participation trophy
(25:22) Comparing Lyft to Uber’s Revenue (Quarterly)
(27:53) Labor availability
(31:05) Arising Ventures - head to http://www.arisingventures.com/TWIST to learn more and connect with the team
(32:15) Immigration policy and a record-low unemployment
(37:37) The underground economy
(38:33) AI effects on unemployment
(39:12) Let’s build new cities!
(44:15) NextDoor earnings
(55:34) A case for hiring remotely
(59:13) Combining remote work with the power of AI
(1:01:44) Clip from TWiST E969 with Alex about WeWork
(1:04:22) Earnings “supplements”
(1:07:35) When Alex discovered business as a youth
(1:14:18) A South Park clip!
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Check out TWiST E969: https://www.youtube.com/watch?v=aM1DDVq3_vs
Follow Alex: https://twitter.com/alex
* Read LAUNCH Fund 4 Deal Memo: https://www.launch.co/four
Apply for Funding: https://www.launch.co/apply
Buy ANGEL: https://www.angelthebook.com
Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow Jason:
Twitter: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Follow TWiST:
Substack: https://twistartups.substack.com
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Transcript
Click on a timestamp to play from that location
| 0:00.0 | They didn't want to listen to the point that other people were being impacted by this. |
| 0:03.8 | And so it felt like a criticism of capitalism or of the venture capital model. |
| 0:08.6 | But I think it was more like a cry of like, oh my gosh, there were these people who were doing this thing, |
| 0:12.4 | and now they are |
| 0:12.9 | being whole cloth uprooted and their life savings are being torn apart and so that's |
| 0:16.9 | what the pirate analogy I think is actually good because pirates don't |
| 0:19.9 | apologize. This weekend startups is brought to you by Net Suite. Once your business gets to a |
| 0:25.8 | certain size, the cracks start to emerge. Things you used to do in a day take a week. You |
| 0:32.3 | deserve a customized solution, and that's NetSuite. Learn more |
| 0:36.4 | when you download NetSuite's popular KPI checklist absolutely free at NetSuite.com. |
| 0:43.0 | Twist. |
| 0:45.0 | Miro helps take ideas from in your head |
| 0:48.0 | to out there in the world with its ability to democratize collaboration and input. |
| 0:53.6 | Sign up for free at meuro.com slash startups. |
| 0:58.7 | And a rising ventures is a holding company that acquires tech startups facing setbacks. |
| 1:05.8 | A Rising Ventures knows what founders care about because they aren't bankers, they're |
| 1:10.6 | tech founders themselves. Go to a Rising Ventures.com |
| 1:15.0 | slash Twist today to learn more and startups everybody. Alex Phil Helm is with us again from Tech Crunch and |
| 1:30.0 | previous to that Crunch base and before that Tech Crunch. |
| 1:32.4 | Is that was at the Boomerang essentially? previous to that crunch base and before that tech crunch. Yes. |
| 1:33.4 | Was that the boomerang essentially? |
| 1:34.4 | Pretty much. |
... |
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