This Week in Startups

$RIVN, Biden on TikTok & Crypto, $PTON + Countdown Capital’s Jai Malik + Josh from Party Round | E1406

Mar 12, 2022
Jai Malik, founder of Countdown Capital, dives into hard-tech venture capital focused on American manufacturing and defense. He shares insights on innovative fundraising strategies in hard tech, emphasizing the importance of mission-driven partnerships. The discussion covers Rivian's production issues and the evolving landscape of digital currencies, including Biden's executive order on crypto. Finally, a segment with Josh from Party Round explores unique marketing approaches for startups in today’s social media-driven environment.
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ANECDOTE

TikTokers Briefed on Ukraine

  • Jen Psaki briefed TikTok influencers on the Ukraine war.
  • This shows the rising importance of creators in disseminating information.
ADVICE

Focus on Fundamentals

  • Evaluate companies based on product delivery and customer satisfaction, not vanity metrics.
  • Don't get fooled by announcements like "Amazon put in orders"; they aren't binding.
INSIGHT

NFT Scarcity Illusion

  • NFTs are like unique snowflakes; their value is tied to scarcity, but an unlimited number exist.
  • This makes scarcity artificial, creating a manipulated market susceptible to grifts.
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