Uber profitable again, SBF guilty, Biden's AI EO + Motive's John Habeck | E1842
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 8 November 2023
⏱️ 45 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
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Today’s show:
First up, Jason takes on the news solo by breaking down Uber's Q3 earnings (2:23), reflecting on SBF's guilty verdict (13:39), and giving some takes on Biden's EO on AI (15:53). Then, Motive CEO John Habeck joins to break down building "Shopify for Car Dealerships" (21:39).
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Time stamps:
(0:00) Jason kicks off the show
(2:23) Uber earnings report and Uber’s profitability
(12:17) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/twist
(13:39) SBF’s guilty verdict
(15:53) Takes on Biden's executive order on AI
(20:11) House of Macadamias - Get a free month's supply of Macadamia Milk with any order at https://houseofmacadamias.com/twist by using code TWIST20!
(21:39) Motive CEO John Habeck discusses building a startup in a "sleeping giant" industry
(32:18) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
(33:17) Understand the TAM for "Shopify for Car Dealerships”
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Referenced in the podcast:
https://www.businessofapps.com/data/uber-statistics
https://twitter.com/EconomyApp/status/1721899291248324642
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Check out Motive: https://www.ridemotive.com
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Transcript
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| 0:00.0 | All right, everybody, welcome to this week in startups. |
| 0:02.0 | I got a couple stories, new stories, |
| 0:03.8 | that I just wanted to give you my opinion and my hot takes on. |
| 0:08.0 | Next two stories include companies that both signal a peak and the end of ZERP, but for different reasons. |
| 0:17.6 | Uber was of course a poster child for state private longer, growing all costs, and know, it's just one of the great investments of the last |
| 0:26.4 | decade. |
| 0:27.8 | And now the company that was considered a money loser forever would never be able to make money it was a broken |
| 0:34.6 | business subsidizes subsidized by VCs well now that company has hit profitability |
| 0:40.1 | in three of its last four quarters and according to reports is going to be |
| 0:44.0 | joining the S&P 500 soon. This is incredibly important because if you join the |
| 0:48.0 | S&P 500 a bunch of people have to programmatically buy your stock on the other |
| 0:51.9 | hand FTS and Sam Bankman freed to programmatically buy your stock. On the other hand, |
| 0:52.6 | FTX and Sam Bankman freed. They were the poster child for the COVID-era |
| 0:57.3 | crypto craziness that we saw, all the stimulus checks and then this entire |
| 1:01.0 | crypto madness. Well, SBF, you know, was this millennial prodigy that was going to become the first trillion in right? |
| 1:06.1 | And he was going to save the world. |
| 1:08.0 | However, he got caught stealing $8 billion worth of customer funds and his entire empire collapsed as we've seen in the past week and now he's |
| 1:15.8 | facing a hundred plus years in jail not just similar to Bernie Madoff so let's talk about |
| 1:21.2 | these two stories and how they signify the nail in the coffin for |
| 1:24.4 | zer. It's the end of an era as we say. And then we'll touch on Biden's executive order on AI in the |
| 1:30.6 | discussion that the boys had on all- in when I wasn't in town. |
| 1:34.0 | This weekend startups is brought to you by Squarespace turn your idea into a new website. |
... |
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