This Week in Startups
This Week in Startups
Jason Calacanis covers startups, tech, markets, media, and all the hottest topics in business and technology. He also interviews the world’s greatest founders, operators, investors, and innovators.
Jason Calacanis
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TWiST News: Startups & Wealth Taxes, The Bitcoin Boom, and The OpenAI Browser | E2051

E2051 • Nov 27, 2024 • 83 mins

This episode begins by examining Norway's proposed exit and unrealized capital gains taxes, exploring their impact on startup formation and the broader economic landscape. We delve into the implications of Norway's wealth tax, the exodus of top taxpayers, and the paradox it presents. The discussion shifts to Dune Analytics' revenue growth and new product launch, alongside Norway's international branding and Bitcoin's regulatory stance. We analyze Michael Saylor's Bitcoin strategy, market risks, and crypto wealth diversification. The episode also covers OpenAI's new browser project, CoreWeave's IPO, and Bitcoin market dynamics, concluding with a preview of upcoming topics.

Key Points

  • Norway's exit tax on unrealized capital gains is causing a significant exodus of top taxpayers and entrepreneurs, who are relocating to countries like Switzerland to avoid hefty tax bills.
  • MicroStrategy's aggressive strategy of raising funds to buy Bitcoin has led to a situation where its market cap vastly exceeds the value of its Bitcoin holdings, raising questions about the sustainability and risks of such an approach.
  • The emergence of Blue Sky as a viable competitor to X (formerly Twitter), with rapid user growth and unique features, is reshaping the landscape of social media platforms.
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