This Week in Startups $140B streaming wars 2022 budget, Warren's bad "Big Grocery" take + Mac Conwell: Angel S6 E1 | E1359
Jan 13, 2022
Join Mac Conwell, founder of RareBreed VC, as he dives into the competitive streaming wars where platforms are set to spend a staggering $140B on content in 2022. He shares his insights on investment strategies and the evolving venture capital landscape. Mac also discusses Elizabeth Warren's critique of big grocery chains, highlighting the complexities of monopolistic practices and their implications. Tune in for his thoughts on founder-investor dynamics and the challenges of transparency in investor communications!
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HBO's Sniper Strategy vs. Netflix's Spray and Pray
- HBO's strategy in the streaming wars is focused, like a sniper, producing fewer shows but with much higher quality.
- In contrast, Netflix employs a "spray and pray" approach, greenlighting a larger volume of content with varying quality.
Unassailable Incumbency
- Streaming platform incumbents, with their massive content budgets, have become incredibly difficult to challenge.
- New companies would struggle to compete with established players like Disney and HBO.
Disney's Direct-to-Consumer Prediction
- Jason Calacanis correctly predicted Disney's success in streaming, foreseeing its direct relationship with consumers and potential for in-app sales.
- CNBC initially dismissed his prediction.