Every year, Uber gives one per cent of its value to drivers who are already on the platform. If you'd done that when ubra had a a market capitalization of like five million dollars, 50 million dollars of ya it when it was back down to 500 million? We'd be talking about 250 thousand. Significant money fer who really could use it? And at what cost? At the cost of one % extra delution? Who cares? Who cares? I mean, not even it's not even a significant expensew and then you probably could get some benefit in terms of loyalty to the platform, to the nation state, or youdeed not. Probably get that legally.
0:52 Jason intros Eric Ries and they discuss how things have been since shelter-in-place started
8:33 What good will come out of this? Will UBI proponents like Andrew Yang be proven right?
10:12 Eric's advice to today's founders after living through the 2008 recession & the dot-com bust
15:53 Eric describes the obligations of leaders during a crisis of this magnitude, what the test-and-trace method is and how it's effective
25:02 Do authoritarian countries have an advantage in handling outbreaks better than democratic countries?
28:45 Jason & Eric reminisce about 2011 in startup-land
30:38 Tactical advice for Founders in an economic downturn
39:52 Eric explains what he is doing to help at: https://schoolclosures.org/
44:11 What is the Long-Term Stock Exchange?
48:57 Thoughts on private companies giving equity options to contractors
53:00 More tactical insights for founders: handling layoffs, figuring out new revenue opportunities, capitalizing on silver-linings, extending runway, etc.
1:01:01 Amazon & Lyft partnering to help each other, Bird's layoff approach, extending runway by trading cash for equity
1:12:21 Eric's thoughts on the future of capitalism