This Week in Startups OpenSea raises $300M, VW & Toyota commit $170B to EVs, China's strangled tech sector, New media | E1353
Jan 6, 2022
Automakers Toyota and Volkswagen are making waves by pledging $170 billion to challenge Tesla's EV supremacy. OpenSea just scored a staggering $300 million in funding, pushing its valuation to $13.3 billion. Meanwhile, China's tech sector faces severe challenges due to government crackdowns, leading to job losses and company closures. On the media front, former NYT editor Ben Smith collaborates with Bloomberg's ex-CEO to launch an innovative new media venture. Tune in for insights on these exciting developments!
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Supercharger Network Effect
- Tesla's Supercharger network is a key advantage in the EV market.
- Competitors struggle to match Tesla's range and charging speeds, hindering widespread EV adoption.
Tesla Road Trip
- Jason Calacanis describes a positive Tesla road trip experience.
- He highlights the convenience and speed of Supercharging, enjoying entertainment while waiting.
Apple's Missed Opportunity
- Apple should have acquired Tesla when it had the chance.
- This acquisition would have combined Apple's design prowess with Tesla's EV technology, creating a dominant force.