This Week in Startups

Wiz passes on Google, Meta pushes open-source AI ahead, Spotify’s earnings, and more! | E1984

Jul 24, 2024
The podcast dives into the fallout from the Wiz-Google deal, showcasing how startups navigate corporate pressures. Spotify's impressive earnings are highlighted, alongside discussions on its strategic pivot towards podcasting. The conversation shifts to Universal Basic Income, exploring its implications for economic mobility and personal agency. Meta's push for open-source AI is also tackled, revealing contradictions in big tech's support for open-source initiatives.
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ADVICE

Secondary Offering Strategy

  • As CEO, consider a secondary offering at $18B for Wiz.
  • This lets founders and employees cash out while avoiding acquisition risks.
ANECDOTE

Spotify's Success

  • Daniel Ek announced Spotify's successful quarter with over 246M subscribers and strong free cash flow.
  • He attributes success to continuous product innovation.
ADVICE

Spotify Video Hosting

  • Spotify should leverage its audio platform and ad business to expand into video hosting.
  • Offer guarantees to YouTubers to post content on Spotify first, boosting subscriber base.
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