i almost wonder if that's some of the thing that just startd has to happen when your fun gets sobig. Welliist jus so much money, like, what else are you going to do? You got to spare aweason ot returns however you can,. To return two or three times, three point eight billion dollars is hard, really hard. And certainly the ten billion, 20 billion, 30 billion dollars comes being very rare.
Today, Jason makes his first investment in our new Jay Trading segment (which is not investing advice), and Jason and Molly break it down (3:22). Then, we do a little segment called “Series A & M&A” (24:40)! We also cover Stripe’s 409A valuation (37:52). And of course, we have to cover the Netflix + Microsoft partnership (45:50). Finally, we wrap with Peloton outsourcing their hardware manufacturing (57:00).
(0:00) Jason and Molly tee up today’s show!
(3:22) Jay Trading: Bill Gurley bought ~1M shares of Stitch Fix yesterday for a total of $5.4M and the stock popped as much as 15% on the news
(14:17) Liquid I.V. - Feel better faster. Get 25% off at https://liquid-iv.com using promo code TWIST
(15:30) Talking revenue and profit
(23:18) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST
(24:40) Series A and M&A: You.com
(35:59) Harmonic - Get $4000 off at harmonic.ai/twist
(37:52) WSJ reports that Stripe just cut its internal valuation by 28%
(45:50) Netflix named Microsoft as its global advertising technology and sales partner
(57:00) Peloton is going to stop making its own bikes and tread machines, opting to outsource all manufacturing to Taiwan
(1:06:00) M&A: Battery Ventures announced a $3.8 billion raise
(1:15:07) Outro + Plugs