There's no sort of magic number in terms of how many people have to own it. It doesn't matter how many people are on here, there's always going to be this price for you to get in and out. That's key. You know, a player have liquidity. How many? Ye o, yoi the back stop of liquidity with was it beginning? What did you have to study to understand this? Yetas wel, very rare that somebody launches a new stock market. I guess long term. Stock exchange averagrees in our industries created a long term, yes, stock exchange arn. And what are the dynamics of starting a market? Yes, well, obviously
On today's show, Mojo CEO and Co-Founder Vinit Bharara joins Jason to talk about his new stock market to bet on athletes, Mojo, which just launched in New Jersey. (1:39) Vinit breaks down the thesis (17:07), does a product demo (40:27), and explains how they raised $100M to build a stock market from scratch and provide instant liquidity!
(0:00) Jason tees up today's interview!
(1:39) Jason intros Vinit Bharara, who breaks down his past business ventures including Cafe.com, Diapers.com, working with his brother Preet!
(13:05) Brave - Download today at https://brave.com/twist to browse faster, search privately and so much more
(14:28) Managing Preet at Cafe.com
(17:07) Vinit explains the thesis behind Mojo
(24:40) Neo.Tax - Get $500 off R&D tax credit fees at https://neo.tax/twist
(26:02) Raising $100M from Thrive Capital, Tiger, and more
(39:09) Spokn - Get 3 months free at https://getspokn.com/twist
(40:27) Vinit runs through a Mojo product demo
(53:58) Building a team of handicappers and quants
(1:00:56) Vinit and Jason share 9/11 stories