All-In with Chamath, Jason, Sacks & Friedberg E75: Fast shuts down, board culpability, Elon buys 9% of Twitter, deplatforming's evolution & more
Apr 9, 2022
The hosts dive into the recent tech layoffs, notably the shutdown of Fast, and discuss the implications for startup governance. Elon Musk’s acquisition of a 9% stake in Twitter sparks a lively debate on free speech and deplatforming issues. They also explore the global food supply chain, addressing vulnerabilities amid geopolitical tensions, and provide insights into the evolving role of board governance in tech startups. The dynamic conversations blend humor with serious analysis, making for a compelling listen.
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Check Your Burn Multiple
- Founders should look at their burn multiple and how much revenue they generate.
- If the burn rate is high and revenue is low, they should immediately reduce costs.
PayPal's Pivot
- PayPal faced a similar burn rate in 2000 after the dot-com crash.
- They survived by cutting costs and changing their business model, demonstrating adaptability.
Strategic Investors vs. VCs
- Strategic investors, though valuable, may not prioritize a startup's long-term success like dedicated capital allocators.
- Their investment decisions might be influenced by broader strategic goals, not solely financial returns.