My First Million

#148 with Jack Smith - How r/WallStreetBets is Beating Wall Street, Taboola's Billion-dollar Payday, and How Grayscale is Printing Money

Jan 27, 2021

Jack Smith, an entrepreneur and founder of companies like Bungle and Ship, dives into fascinating topics. He discusses how WallStreetBets is reshaping Wall Street and the dynamics of retail investing. The conversation shifts to Taboola's billion-dollar success story and the challenges of the ad tech industry. Smith also unpacks Grayscale's influence in the Bitcoin market and speculates on the future of digital identities, touching on the implications of anonymity in online spaces. Finally, they explore how VC firms are venturing into media.

52:16

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Episode guests

Jack Smith

Highlights

AI Chapters

Episode notes

The Potential for an Email-based Advertising Platform

01:28

Intro

2min

Navigating Feedback and Digital Identities

8min

Navigating Ad Tech Ambiguities

26min

GameStop and the Reddit Revolution

7min

Exploring Grayscale: The Bitcoin Trust Making Waves in Finance

2min

Venture Capital's Media Move

3min

Innovative Strategies in Startup Funding and Recruitment

2min

Shaan Puri (@ShaanVP), Sam Parr (@theSamParr), and Jack Smith (@_jacksmith) discuss: - Balaji Srinivasan on why people will have to hide their real identities in the future - How Silkroad was actually a well-run company while co-workers remained anonymous (American Kingpin) - The crazy story of the founder of Silkroad ordering killings on his co-workers - Taboola's billion-dollar payday - Clubhouse just raised at $1B -- but are its best days behind it? - How Wall Street Bets is beating Wall Street - How Grayscale is printing money with GBTC - Why a VC firm (Andreessen Horowitz) is entering the media game Today's episode is brought to you by FOCUSAID. It’s the #1 and first nootropic drink in America that’s sold over 100m cans. For 30% off your first order, go to DrinkFocusAid.com. Check it out! Have you joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Editing thanks to Jonathan Gallegos (@jjonthan)

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