TWiST News: Startups & Wealth Taxes, The Bitcoin Boom, and The OpenAI Browser | E2051
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 26 November 2024
⏱️ 83 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Squarespace. Turn your idea into a new website! Go to https://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist
DevSquad. Most dev agencies only offer developers. Why? Because product management is hard. Get an entire product team for the cost of one US developer plus 10% off at https://devsquad.com/twist
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Todays show:
Jason and Alex are joined by Dune's CEO to discuss wealth taxes and their impact on startups, highlighting the need for nations to support digital innovation. Then, they dive into MicroStrategy's Bitcoin strategy, OpenAI's browser plans, and the 2025 IPO class, including excitement for CoreWeave's debut!
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Timestamps:
(0:00) Jason and Alex kick off the show
(6:07) Impact of taxes on startup formation and Norway's economic background
(10:17) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST
(11:53) Norway's wealth tax implications and policy changes
(18:09) Exodus of top taxpayers and the paradox of Norway's wealth tax
(20:14) Wall of shame for tax critics
(27:41) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(28:41) Dune Analytics' revenue growth and new index product launch
(36:47) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at https://devsquad.com/twist
(38:15) Michael Saylor and MicroStrategy's Bitcoin investment strategy
(49:01) Market irrationality and risks associated with Bitcoin investments
(55:01) Crypto wealth diversification and new investment structures
(1:02:20) OpenAI's new browser project and its impact on search
(1:05:51) Increasing reliance on browsers and Bluesky's potential
(1:15:37) CoreWeave's IPO and the future of GPU clouds
(1:18:22) Bitcoin market dynamics and predictions
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Mentioned on the show:
https://x.com/ASvanevik/status/1857568015929455050/photo/1
https://news.ycombinator.com/item?id=2550877
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Follow Fredrik:
LinkedIn: https://www.linkedin.com/in/fredrikhaga
Check out Dune: https://dune.com
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Follow Alex:
LinkedIn: https://www.linkedin.com/in/alexwilhelm
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(10:17) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST
(27:41) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(36:47) DevSquad - Get an entire product team for the cost of one US developer plus 10% off at https://devsquad.com/twist
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Follow TWiST:
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Transcript
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| 0:00.0 | Maybe that's reasonable. Maybe a 1% origination. I wonder if that is on the table. I know that |
| 0:06.3 | I had heard some people talking about that concept. Well, Norway didn't follow that path, Jason. |
| 0:11.1 | What Norway has instead proposed is an exit tax, according to BDO Global back in about a week ago. |
| 0:18.9 | You're staying. Yeah. So this tax, by the way, is 37.84% on unrealized capital gains if you leave the country. |
| 0:26.5 | Oh my God. |
| 0:27.1 | So they put a gun to your head. |
| 0:28.4 | Yeah. |
| 0:28.7 | So it's a total disaster. |
| 0:30.0 | Like instead of, you know, seeing a bunch of their top taxpayers leave, all the entrepreneurs being like, hey, this makes no sense, you know, taxes, |
| 0:39.5 | but please do it when we actually have or make money. |
| 0:42.3 | So instead of being like, hey, |
| 0:43.7 | maybe we should just make some reasonable adjustment, |
| 0:45.9 | they like double down. |
| 0:47.1 | So basically what's happening now is like, |
| 0:49.0 | you have to leave before you start a company. |
| 0:51.4 | This weekend startups is brought to you by Squarespace. |
| 0:55.5 | Turn your idea into a new website. |
| 0:58.3 | Go to Squarespace.com slash Twist for a free trial. |
| 1:02.2 | When you're ready to launch, use offer code Twist to save 10% off your first purchase of a website |
| 1:08.0 | or domain. |
| 1:09.9 | Open phone. |
| 1:11.1 | Create business phone numbers for you and your team that work through an app on your |
... |
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