Equity The billionaires are trying to live longer… again
May 19, 2023
This week, the hosts dive into Vice's bankruptcy, examining the media landscape's struggles. They explore an intriguing AI startup focused on human relationship coaching, raising ethical questions. The conversation discusses a lawsuit between Freshly and Nestle over an acquisition, shedding light on corporate complexities. Musk's recent company purchases also come under scrutiny, as the hosts ponder the motivations behind such moves. They also consider biotech innovations aimed at prolonging life, balancing excitement with ethical concerns in the fast-evolving sector.
AI Snips
Chapters
Transcript
Episode notes
Vice Bankruptcy
- Vice filed for bankruptcy after a 29-year run, selling for $225 million.
- This is only about 4% of its peak $5.7 billion valuation from over five years ago.
Fundraising vs. Operations
- Great fundraising does not guarantee operational success, as Vice's downfall shows.
- Focus on strong operations alongside fundraising for long-term viability.
Vice's Edit Test Practice
- Becca Skutak recalls Vice being the only publication that paid for edit tests.
- They allowed freelancers to write and publish articles, a practice not always common.