This Week in Startups Why BuzzFeed fell 40%, EU mandates USB-C, Lab-grown ear transplants, Tom Brady’s Series B | E1478
Jun 7, 2022
BuzzFeed's shocking 41% stock drop raises alarms about its future and employee stability. Uber Eats is targeting GoldBelly, signaling fierce competition in food delivery. The EU mandates USB-C ports for devices by 2024, aiming to standardize charging and cut down on e-waste. The Startup of the Day features a sports media venture co-founded by Tom Brady, highlighting athlete-led initiatives. Lastly, groundbreaking 3D-printed ear transplants showcase the incredible potential of biotech innovations for medical advancements.
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Insider Sell-Off Signals Trouble
- BuzzFeed's low stock price reflects insiders' lack of confidence, worsened by expiring lockup periods.
- Insiders selling large amounts of stock with no buyers indicates significant concern about the company's future.
Media Plus Something
- Media businesses alone are not ideal for venture capital investments.
- Consider "media plus something" that scales, like investing, a social network, or casual gaming.
Alternative to Layoffs
- For struggling media companies, consider salary reductions as an alternative to layoffs.
- Focus on breaking even and building additional revenue streams like podcasts or creator studios.