Equity SoftBank makes mountains of cash off of human laziness
Mar 5, 2021
This week, the hosts dive into Square's bold acquisition of Tidal and its implications for the music and fintech industries. They discuss Oscar Health's rocky IPO journey and the struggles faced by InsurTech companies. There's a look at the future of grocery delivery startups, with Instacart's staggering $39 billion valuation taking center stage. The closure of Indie.VC sparks debate over alternative funding models, while the interplay of technology and creativity in media raises intriguing ethical questions. A spicy seed round wraps up the conversation!
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Square's Tidal Acquisition: A Calculated Move
- Square's acquisition of Tidal, while mocked, is a small investment for them.
- This acquisition could leverage Cash App's user base and integrate artists into Square's fintech ecosystem.
Dorsey's Vision for Creator Monetization
- Jack Dorsey's interest in creator monetization connects Twitter's subscription efforts with Square's Tidal purchase.
- This reflects a broader tech concern about supporting creative talent.
ClearBank's Expansion into Smaller Businesses
- ClearBank, offering non-dilutive capital, expands its focus to smaller businesses.
- They now require only $1,000 monthly revenue, accepting higher risk.