Episode 3: Today, hosts Alex Lieberman (@businessbarista), Sophia Amoruso (@sophiaamoruso), and Jesse Pujji (@jspujji) get into the MADNESS of the Gas app - a new social networking platform that has surpassed Instagram, TikTok and Twitter for daily downloads. Then, they get into how to & how NOT to conduct a layoff, whether it’s for one person or a company-wide one. And finally, the trio gets real about the secrets of QSBS and how understanding it can save you MILLIONS.
00:01 - Cold Open: Jesse speaking to Zuckerberg about the highschool version of Facebook
00:32 - Intro
01:35 - The Rundown
02:27 - How the “Gas” app works and how it stays positive
03:50 - Sophia on the Founder of Gas being a “master” of testing & iterating
05:45 - Alex on Highschoolers being the “best demographic” to build an app for
07:40 - Jesse on the difficulty of building consumer businesses
07:57 - Jesse’s highschool version of Facebook
10:00 - Jesse speaking to Mark Zuckerberg
12:44 - Where does the Gas app go from here?
13:35 - The “Gas” app’s ‘money printing machine’
15:40 - The second & third gen of Social Apps
17:50 - The Takeaways from Gas
21:48 - The “Hub & Spoke” Model of building your business
23:10 - Microsoft & the trend of Tech Industry Layoffs
24:32 - Sophia on layoffs needing more clarity & planning
28:50 - Jesse on Founders needing to be passionate about people & leadership
30:35 - The HORRIBLE Better.com Zoom layoff & reaction
34:30 - What is QSBS & how it saves founders MILLIONS
Links:
WSJ article on the Gas app
Nikita Bier’s tweet on Gas’s success
Allegations on China faltering the Gas app’s growth
Microsoft lays off 1,000
Chart of all Tech Industry Layoffs since COVID
How To Rally A Company Through a Round of Layoffs
Netflix on building a “team not a family”
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How to & How NOT to do Layoffs, the Tax Tip to save you MILLIONS and is the Gas App Going to Solve Bullying? | Founder's Journal podcast - Listen or read transcript on Metacast
