The Liquidity Event | Money and Finance with Shane and Ally Jane

In this week's episode, we've got billionaires doing bad things, government officials acting like teenagers, and young CEOs struggling to scale. Our hosts have their eye on HashiCorp, a cloud computing company set to go public at a 14 billion dollar valuation this week. AJ has a theory about direct-to-consumer wine companies and Shane finds something interesting to say about infrastructure. This episode is full of business fails and missteps so you know you'll love it.

Links

• How Toms went from a $625 million company to being taken over by its creditors
• Years of Delays, Billions in Overruns: The Dismal History of Big Infrastructure
• House Votes to Censure GOP Rep. Paul Gosar Over Violent Video
• How Mark Zuckerberg reignited anger over Hawaiian land appropriation
• Spring Health's rapid growth caused employees to burnout
• Sneaker Brand Allbirds Leaps 93% in Debut After Upsized IPO

This episode has no headlines or news. Our hosts take up all the minutes to reflect on the business they've grown over the past four years. If you are here for the IPO news and the headline hot takes, do not listen to this episode. Shane and AJ dive into the challenges and successes they've had as entrepreneurs and what keeps them up at night. It's sappy AF and ends with a bad 3-minute long joke.

This episode has it all: Lord of the Rings, astrology, deathstalker scorpions, and robo advisors. We didn't actually talk about Elon Musk for once. Our hosts are pumped about the Braze IPO and the upcoming Sweetgreen IPO. In other news, Google entered the bank space and then promptly evacuated because why would anyone trust the company that couldn't even get incognito browsing to work. There's spicy news coming from the SEC: robo advisors got slammed with deficient letters for misleading customers about their investment returns. Yikes.

• Deep dive into the Braze IPO

• Killer scorpions ravage Egyptian village

• The problem with financial advice fees

• Peter Jackson becomes a billionaire

• Google ditches the banking space

• SEC says robo advisors mislead investors

We've got not one but two super successful IPOs this week: Expensify and Rivian. AJ loves Rivian so much she might marry the 100 billion company. Shane's here to assuage your inflation fears and remind you that the fed is here to save you. These tax nerds are nonplused about the IRS announcement of new tax brackets for 2022 because they expect the tax laws to change last minute. Finally, we've got billionaires doing dumb things and a click-bait article about new money millennials who are too arrogant to ask for help. Lots of vitriol and vino in this episode.

• Rich asshat millennials don't want to hire boomer advisors
• Elon Musk asked Twitter if he should sell a 10% stake in Tesla
• Rivian CRUSHES it on the first day of trading
• The IRS released new tax brackets for 2022

This week our hosts do a deep dive into the Rivian IPO and by deep dive we mean a very brief skim of the S-1 with some not very funny banter thrown in. Rivian is an Amazon-backed company that's coming for Tesla's market share and we are here for this rivalry between Musk and Bezos. In other news, there's a global supply chain crisis so Shane's advice is to buy your holiday gifts early. AJ's CEO crush of the week is a youthful founder of a screen recording software company. Listen for laughs.

• Zillow is moving out of the home-selling business and lays off 25% of its workforce
• Charlie Munger designed a terrible depressing windowless dorm
• We hate these kinds of articles: The True Cost of Upgrading Your Phone
• The 23-year-olds are coming for the 37-year-olds
• Supply chain woes explained
• Ford's electric truck is dope

On this week's episode, the wealth tax on billionaires is so close we can almost taste it. Elon Musk's net worth jumped by a few billion dollars with the news that Hertz placed an order for 100,000 Teslas. Speaking of taxes, an article about a man using PPP loan money to buy a rare Pokemon card hit our hosts' inboxes hard. Our hosts love the show Succession and Shane gets shy about a Greg the Egg sex toy. There are plenty of laughs in this episode folks, especially around a cringe-y internal Facebook video musical about health insurance.

• Leak: This internal Facebook benefits video may be its greatest crime
• 'Succession' star Nicholas Braun has inspired a new sex toy called "Greg the Egg"
• Trump's social network has 30 days to stop breaking the rules of its software license
• Trump media SPAC stock appears to be doing well
• A man spent most of his covid business loan on one item, prosecutors say: A $57,789 Pokémon card
• Airlines in Japan and South Korea get creative to revive pandemic-dampened demand
• How the Billionaires Income Tax Would Work
• Elon Musk criticized it
• Billionaire Tax Faces Likely Constitutional Challenge
• People are worried about Zillow.
• Tesla Surpasses $1 Trillion in Market Value as Hertz Orders 100,000 Vehicles

In a special spooky Halloween episode, we find our hosts drunk on the sweet sweet flow of IPOs. This week alone we see Rent the Runway, WeWork, Solo Brands, Winc, Informatica, and more make their debut on the public markets. Shane does a deep dive into a fascinating SEC report on the whole Game Stop short-selling debable. AJ's CEO crush of the week is Emily Weiss of Glossier, though you wouldn't know it by her scary costume. These nerds are excited about the Dune movie and wonder what the future of homeownership will look like.

• A list of recent IPOs
• A beautiful and easy-to-read report from the SEC on the Game Stop short-selling debacle.
• The wealthiest 10% of Americans own a record 89% of stocks
• A 7-foot Harabme statue stares down the Wall Street bull
• Solo Brands, makers of firepits millennials love, is going public
• Informatica goes public at a $9 billion dollar valuation
• Rent the Runway also heads to the public market
• Now you can work from the shoe floor at Sacks Fifth Avenue
• Noah is a new type of Home Equity lending

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This week is a little heavy on the Pokemon nerd stuff because AJ and Shane think they are Team Rocket. It's a big week for biotech IPOs and we've got Vita Coco and Gitlab making their public debut. Our hosts are not surprised to learn that the CEO of one of the world's largest banks has no kind words for bitcoin. Shane leads us down a dark path to discuss shadow inflation and the mood sours even more with news that a man faked a suicide to steal Paycheck Protection Program money. AJ is tickled to learn that Prince Charles has an Aston Martin that runs on cheese and white wine. There's no shortage of great topics in this episode folks! We end the episode with a spicy listener mail question about exercising ISOs early and filing an 83(b) election.

• A list of recent IPOs
• Vita Coco (the coconut water company) is going public
• JP Morgan CEO thinks bitcoin is worthless
• Shadow inflation explained
• A man fakes his suicide to get some PPP money
• Prince Charles has an Aston Martin that runs on cheese and wine
• GoPuff is facing supply chain problems as they expand quickly
• Update on the big old tax bill
• 1989 boring Word tutorial
• Rivian is going public, they are a Tesla competitor

On this week's KILLER episode of the Liquidity Event, our hosts share some heartwarming personal details before diving into the week's headlines about fat bears and Orcs. We saw a bevy of biotech IPOs this week and the Brooklyn Public Library is no longer charging late fees. Our hosts discuss the power of evil accountants and we learn that Peter Jackson modeled an Orc after Harvey Weinstein. Shane would like to remind you about the power of blackout curtains and AJ has a great way to spice up your Zoom meetings.

• A list of recent IPOs
• Ladder raised $100m to disrupt life insurance
• Credit card companies make millions off merchants
• Why is it so hard to find a therapist who takes insurance
• The Brooklyn Public Library is no longer charging late fees
• Britney Spears freed from conservatorship
• The best fat bears
• Lousy management in the Mafia
• Elijah Wood says an Orc was modeled after Harvey Weinstein
• How accountants get favorable rules for their friends

On this week's show: Eminem is opening a restaurant in Detroit called Mom's Spaghetti. That's it, that's the podcast. We also cover the First Watch IPO and WeWork's second attempt at going public via SPAC. Shane and AJ are sick of the fear-mongering of the financial media when the market takes a tiny dip. Our hosts are also scared that Robinhood is taking its sus trading platform to college campuses. And in other bad news rents are going up 70% in New York City and if you live near a beach expect to pay through the roof for flood insurance.

• A list of recent IPOs

• Shane is reading The Courage to Be Disliked

• AJ is listening to a podcast by the guy who wrote The Psychopath Epidemic

• Eminem's restaurant opens this week

• Great podcast on flood insurance from Planet Money

• Robinhood brings bad vibes to college campuses

• NYC rents are going up

• Flood insurance is about to get expensive

• Ozy's bizarre phone call with investors

Want to know more about working with BrooklynFI, contact us here