This Week in Startups

Wave of tech layoffs, Robinhood earnings, what makes a great CEO & more | E1603

6 snips
Nov 4, 2022
The podcast dives into the wave of tech layoffs at companies like Stripe and Lyft, reflecting on the need for financial discipline. Robinhood's recent earnings reveal a significant reduction in net loss, highlighting lessons on revenue diversification. The conversation shifts to innovative monetizable mood boards, sparking creativity in commerce. Finally, the hosts discuss the qualities that make a great CEO, focusing on resilience and adaptability during economic turbulence.
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ANECDOTE

Robinhood Investment

  • Jason Calacanis invested in Robinhood and held his shares despite market volatility.
  • He believes in the management's experience and expects long-term success.
INSIGHT

Revenue Diversification

  • Diversifying revenue streams makes businesses resilient.
  • Subscriptions smooth out market fluctuations, especially for ad-dependent businesses.
ADVICE

Subscription Value

  • Define a clear value proposition for subscriptions that justifies the cost.
  • Offer a unique advantage over free versions with multiple added benefits.
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