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.
Cuts CEO Talks Tariffs, Figma's IPO Buzz, and a Nerd Crawler Update | E2113
In this episode, we explore the impact of tariffs on ecommerce and CPG with insights from Lon Harris and Alex Wilhelm. We discuss Figma's potential IPO, Adobe's breakup fee, and Hammerspace's $100 million raise. Jason shares his experiences with Patreon and Substack, touches on Trump's legal issues, and Lyft's acquisition of FreeNow. We also dive into OpenAI's new social network and Google's Tmall ads shutdown. Steven Barelli's viral tweet sparks a discussion on tariff-induced costs, supply chain issues, and US manufacturing, ending with critiques of tariff policy communication and domestic job creation.
Key Points
- Tariffs and their sudden increase are causing significant disruption for small and medium-sized businesses, potentially leading to layoffs and stock shortages within weeks.
- Figma, initially valued at $20 billion and almost acquired by Adobe, has filed to go public, indicating resilience and a strong market presence despite recent market chaos.
- The need for infrastructure and government grants is critical for the U.S. to realistically bring back manufacturing jobs from countries like China, as current domestic capabilities lag significantly behind.
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Transcript
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