YC reduces S22 batch by 40%, $HOOD RIF, $MSTR CEO change, $ABNB earnings + Blueprint Part 4 | E1525
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 4 August 2022
⏱️ 66 minutes
🧾️ Download transcript
Summary
BIG show! First up, our co-hosts break down why YC cut its summer cohort size by 40% (2:13), Robinhood letting go 23% of its employees (12:40), Michael Saylor out as MicroStrategy CEO (32:09), and Airbnb earnings. (42:07) Then, Jason is back with another edition of The Blueprint, where he covers the benefits of having a bias for action! (48:52)
(0:00) Jason and Molly intro today's topics!
(2:13) Y Combinator cuts its Summer 2022 batch size by 40%: what does this mean for the early-stage market?
(11:35) iTrust Capital - Visit https://itrust.capital/twist to create your Crypto IRA today
(12:40) Robinhood terminates 23% of employees: RIF vs layoff vs furlough explanation
(27:42) Brave - Download today at https://brave.com/twist to browse faster, search privately and so much more
(29:02) Jason gives a Jay Trading recap and lays out his reasons for doing it
(32:09) Michael Saylor steps down as MicroStrategy CEO
(39:14) Visa - Learn more about Visa’s online Small Business Hub at Visa.com/smallbusinesshub
(40:10) Jason's predictions for MicroStrategy's direction
(42:07) $ABNB earnings, comparing $ABNB and $UBER p/s, $COIN and $HOOD p/s
(48:52) The Blueprint Part 4: The Benefits of Having a Bias for Action
(54:12) How bias for action relates to other cognitive biases
(1:02:50) How founders can have a bias for action: Product velocity
Transcript
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| 0:00.0 | All right, everybody, we have got a wapper of a show for you. |
| 0:03.2 | If you thought that August to vacation extended to the news, |
| 0:06.1 | that vacation is over. |
| 0:07.4 | No, and then I'm going to do a after the news, which we've got a lot of. |
| 0:10.8 | I'm going to do part four of the blueprint. |
| 0:13.2 | What it means to have a bias for action. |
| 0:15.7 | Everybody loves the blueprint, including me. |
| 0:17.8 | It is so fantastic. |
| 0:19.4 | First up, though, we're going to cover some earnings reports that came with some |
| 0:23.6 | interesting announcements. |
| 0:25.7 | Yes, micro strategy. |
| 0:26.6 | Michael Sailor is stepping down a CEO, going to become executive chair. |
| 0:29.8 | We're going to talk about what the plan is there for the Bitcoin holding company |
| 0:34.4 | with some SaaS revenue, I guess. |
| 0:36.6 | I guess the Bitcoin holdings did not perform that well in Q2, as you might |
| 0:41.1 | imagine, down about a billion dollars. |
| 0:42.9 | So we'll cover that and also Robinhood laying off almost a quarter of the company. |
| 0:47.1 | Yes, doing a riff, not a layoff reduction in force. |
| 0:50.3 | We talk a little bit about what this means for the company and also the industry |
| 0:56.3 | writ large. |
| 0:57.3 | And then we're going to discuss Airbnb. |
| 0:58.7 | People are just doing the nomad thing and the Airbnb's. |
... |
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