Ticketmaster Is a Mafia, Serena Williams is killing the Investing Game

Techish

The conversation covers the topic of dynamic pricing in the ticketing industry, specifically focusing on Ticketmaster and its monopoly-like practices. It explores how Ticketmaster, owned by Live Nation, controls a significant portion of the ticketing market and uses exclusive contracts and pricing strategies to maximize profits. The hosts discuss the negative impact on consumers, the lack of innovation in the industry, and the challenges faced by artists. They also touch on the issue of hate comments on social media and share strategies for dealing with them. The conversation concludes with a discussion on content creation and the challenges of building a following on platforms like TikTok. Serena Williams is a major angel investor, with a hit rate of 14 out of 60 investments turning into unicorns. She has also raised $110 million for a traditional VC fund, with 80% of the founders in her portfolio being underrepresented. Serena's success shows that athletes can have a significant impact as investors and supporters of other founders. The conversation then shifts to Paul Graham's article on founder mode, which challenges the traditional advice of hiring good managers and delegating. The article argues that founders should be more hands-on and involved in the day-to-day operations of their companies.
Chapters
00:00 Introduction and Discussion on Oasis Concert
02:26 Ticketmaster's Control over Venues and Exclusive Contracts
06:23 The Challenges Faced by Artists in the Ticketing Industry
09:21 Strategies for Managing Social Media and Taking Breaks
11:15 Content Creation on TikTok and Finding Balance
16:12 Serena Williams: Angel Investor
24:09 Founder Mode: Hands-On Approach
31:00 The Importance of Personal Involvement

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Disclaimer: The information provided in this podcast episode represents the personal opinions and experiences of the presenters and is for informational and entertainment purposes only. It should not be considered professional advice. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information. Always do your own research or seek independent advice before making any decisions.

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