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!
AI Snips
Chapters
Transcript
Episode notes
Disney's Rapid Streaming Growth
- Despite a late start, Disney+ has rapidly gained subscribers, reaching half of Netflix's numbers in a much shorter timeframe.
- This suggests Disney's growth trajectory could surpass Netflix's in the coming years.
Context Matters in Profit Analysis
- Senator Warren's claim that Kroger's increased profits are solely due to market dominance overlooks key factors.
- The pandemic, causing restaurant closures and increased grocery purchases, significantly contributed to this growth.
Grocery Business: A Low-Margin Dogfight
- The grocery business operates on extremely low margins and is highly competitive.
- Attributing higher profits solely to market dominance ignores other factors, such as improved efficiency or external influences.