Equity

Coinbase goes fishing for Opensea’s catch

Oct 15, 2021
This week, the hosts dive into Magic Leap's significant funding round and its pivot to enterprise solutions, sparking a discussion about the future of augmented reality. They explore the exciting merger of MindBody and ClassPass, enhancing fitness and digital coworking. The conversation shifts to the innovative health tech model of mPharma, highlighting the evolution of mental health care. Lastly, they discuss the competitive NFT landscape, as Coinbase takes on OpenSea, turning the tides in the crypto scene. Lots of laughter and insider insights await!
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ANECDOTE

Magic Leap's Valuation

  • Magic Leap was rumored to be pursuing a sale at $10 billion but then raised money at a $2 billion valuation.
  • This contradicts the earlier rumored valuation and suggests a strategic move to attract buyers.
INSIGHT

Magic Leap: The Underdog

  • Despite its struggles, Magic Leap is now considered an underdog.
  • Alex Wilhelm expresses support for the company due to its perseverance.
INSIGHT

MindBody Acquires ClassPass

  • MindBody, a booking software for gyms, acquired ClassPass, a fitness class subscription service.
  • This acquisition combines complementary businesses, potentially to acquire customers and integrate class bundling.
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