Why BuzzFeed fell 40%, EU mandates USB-C, Lab-grown ear transplants, Tom Brady’s Series B | E1478

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 7 June 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

BuzzFeed is tanking- we talk about what it means for its employees and the company (2:07). Next, we discuss Uber Eats coming for GoldBelly (23:51), then we cover the EU mandating that USB-C ports be standard by 2024 (36:17). We close out the show with our Startup of the Day in the sports space (41:21) and a We Live in the Future in the ear transplant space (49:42).

0:00 Jason and Molly tee up today’s news stories
2:07 BuzzFeed shares dropped 41%, their worst one-day % drop
11:23 OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist
12:37 “Media + something,” making media viable
22:34 Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
23:51 Uber Eats coming for GoldBelly
35:03 Thorne - Personalized, scientific wellness. Go to https://Thorne.com/u/TWIST
36:17 European Parliament ruled USB Type-C port standard for all EU mobile phones, tablets, and cameras by Fall 2024
41:21 SotD: Religion of Sports, sports media production company co-founded by Tom Brady, Michael Strahan and Gotham Chopra, raised $5M in Series B funding
49:42 WLitF: Texas woman received 3D printed ear transplant made from sample of her cells (3DBio Therapeutics)
56:45 If you are a founder pre-series A, you are invited to our Founder University Two-Day intensive on June 13-14!

Transcript

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0:00.0	Hey everybody, it is Tuesday.
0:02.0	June 7th, J. Calamollywood coming at you
0:03.8	with a big new show.
0:04.7	I'm going full radio and I don't know why.
0:06.5	Hey everybody, welcome to the show.
0:08.2	I've said it before.
0:09.1	We'll say it again, meet you as a terrible business.
0:11.3	Coming at you.
0:12.9	Buzzfeed is tanking.
0:14.4	Their stock is absolutely getting decimated.
0:16.5	Their market cap is worth less.
0:18.2	And their revenue, what we're going to talk about,
0:20.0	what this means for the employees,
0:21.2	the future of the company, and the stock market writ large.
0:24.2	Yeah, and my new motto, math is a harsh mistress.
0:27.6	No more, by the way, bitching about dongles, we hope.
0:31.9	The EU is mandating it.
0:33.4	Long last the USBC ports, be standard by 2024.
0:37.8	Death to lightning.
0:39.6	Praise Jesus.
0:40.6	I don't like the government intervention,
0:42.3	but in this case, I'm going to go with it for the good
	...

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