TikTok takes on Spotify, startup advice + US housing market w/ Redfin & Divvy Homes CEOs | E1523
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 2 August 2022
⏱️ 86 minutes
🧾️ Download transcript
Summary
First up, Jason and Molly cover TikTok's recent patents that indicate it might be going after Spotify (2:23). Then, the duo breaks down a recent WSJ report about VCs giving conflicting advice to founders. (18:05) After the news, J+M are joined by Redfin CEO Glenn Kelman and Divvy Homes CEO Adena Hefets for an in-depth break down of the current US housing market. (33:36)
WSJ article: https://www.wsj.com/articles/silicon-valley-lurches-between-deep-cuts-and-bold-spending-11659268801
(0:00) Jason and Molly tee up today's topics and guests!
(2:23) TikTok might be going after Spotify's music streaming business with "TikTok Music"
(16:45) Policygenius - Go to https://policygenius.com to get a free life insurance quote
(18:04) Jason and Molly break down a WSJ report about conflicting advice that VCs are giving to founders re: approaching the current downturn; Jason debuts his "Cash vs. Profitability Matrix"
(32:04) Notion - Get $250 off by using code TWIST at https://notion.so
(33:36) Redfin CEO Glenn Kelman and Divvy Homes CEO Adena Hefets join and break down their businesses before getting into how a 2022 housing downturn might be different from 2008
(41:36) Prometheus - Go to Prometheusalts.com or download it on the App Store and use the access code TWIST to sign up
(43:09) Institutional buyers' impact on housing supply, pandemic migration impact on local inflation, new construction outlook
(1:08:36) Rental market outlook, commercial real estate's grim projections
Transcript
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| 0:00.0 | Hey, everybody. Happy Monday. Welcome back to this weekend startups. |
| 0:03.3 | As promised on the Sunday show, we have an awesome housing round table for you. |
| 0:07.5 | Yeah, we're thinking about your whole week here Sunday, Monday, Tuesday, Wednesday, |
| 0:10.8 | all the way to Friday. We take Saturdays off, but what a great round table we have today. |
| 0:15.1 | So interesting. Redfin, CEO Glenn Kelman, and Dibi Holmes, CEO Adina Heffetz, who's just a |
| 0:19.8 | rock star, joined us to break down everything that's going on in the housing markets because it's a lot. |
| 0:24.7 | Man, tech, remote work, institutional buyers, Ibuyers, rents, everything, |
| 0:30.0 | which markets are winners, which are losers. But we got some news to talk about first. |
| 0:33.9 | We do. We're going to start with TikTok. We're going to throw out the big fat juicy worm, |
| 0:38.0 | talking about TikTok, potentially going after Spotify and of course, the youth of America. |
| 0:41.9 | And I jump right on that hook and Holly reels me in. |
| 0:46.4 | But we're also going to talk about a Wall Street. It's a good talk. And the Wall Street Journal did a nice |
| 0:50.4 | story, getting credit for this one on the different types of advice founders are getting in this |
| 0:56.9 | down market. Should they go big? Should they cut burn? What's the best advice? And so I create a |
| 1:02.5 | matrix based on profitability and how much cash you have on hand to explain this to you. |
| 1:07.7 | It's a very visual. So if you're on the YouTube channel of the Spotify or iTunes video, |
| 1:11.6 | if it's going to be helpful, but if not, I'll walk you through it. It's going to be a great show. |
| 1:15.2 | Stick with us. This week in Startups is brought to you by |
| 1:19.4 | Policy Genius. You could save 50% or more on life insurance by comparing quotes with policy |
| 1:26.4 | genius. Options start at just $17 a month for $500,000 of coverage. Head to policygenius.com to get |
| 1:35.9 | your free life insurance quotes and see how much you can save. Notion is one place for notes, |
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... |
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