Comparing 2022 to the Dot-Com bubble + Activist investor challenges Peloton leadership | E1368

This Week in Startups

Jason Calacanis

Technology

4.4 • 1.3K Ratings

🗓️ 25 January 2022

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Due to the volatility in the market, Jason and Molly review the fundamentals of Block, Zoom, Netflix, Coinbase, and AirBnB and compare this correction with the Dot-com crash (2:11). They discuss investing in a downturn, the difference between private and public investors, speculative businesses vs. strong fundamentals and more! To wrap, we cover activist investor Blackwells Capital calling for the Peloton Board to terminate CEO John Foley and consider a sale (57:10).

(00:00) Jason and Molly intro the show
(02:11) Breaking down the fundamentals of Block
(09:57) Marketerhire - Get $500 off your first hire at https://MarketerHire.com/twist
(11:28) The difference between private and public investors
(12:18) Breaking down Zoom & Netflix
(20:20) Superside - Go to https://superside.com/twist to get $3000 or more in credits when you sign up for an annual subscription
(21:38) Breaking down Coinbase and AirBnB
(32:38) FanDuel Sportsbook - Sign up with promo code TWIST to place a special $1000 risk-free bet at https://fanduel.com
(34:24) Breaking down AirBnB
(38:12) Is crypto really an uncorrelated asset? Fundamentals vs. speculation
(46:46) Comparing this correction with the Dot-com crash
(51:43 )Are we at peak SPAC?
(57:10) Blackwells Capital calling for the Peloton Board to terminate CEO John Foley and consider a sale

FOLLOW Molly: https://twitter.com/mollywood
FOLLOW Jason: https://linktr.ee/calacanis

Transcript

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0:00.0	Welcome, everybody. It is going to be a great show today. We're going to talk about all this
0:03.8	market volatility because we cannot help ourselves. We decided to go through a bunch of fundamentals.
0:09.6	Try to put this through the startup evaluation lens. Go through the fundamentals for five tech
0:14.9	companies that are down between 35 and 75 percent off their pandemic peaks. Yes, we know there was
0:20.4	a big comeback, but we do not think that this is the last of the crash cycles. We go through block,
0:26.8	Zoom, Netflix, Coinbase, and Airbnb, and see if each one of them remains a buy.
0:32.0	And then, in addition to looking at the current companies and trying to figure out their business
0:35.7	fundamentals, revenue earnings, PE, evaluations of the companies, we're going to compare this
0:40.5	to the dock crash and we'll separate the real companies with high revenue that are undergrowing
0:45.5	a correction and we're high growth from, say, some speculative assets like crypto or certain
0:50.4	specs, not all of them. That are basically trading with very little underlying fundamentals and what
0:56.1	that means. And then finally, we'll cover one of the large peloton activist investors,
1:01.4	writing a letter asking for the termination of CEO John Foley's reign at the amazing but troubled
1:08.9	smart work out equipment company. It's going to be a great episode. Stick with us.
1:14.4	Oh, we nailed it today. Stick with us. We did it. We did it. We did it.
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	...

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