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Social media presents a new online tipping culture, connecting with angel investors on Clubhouse, and Toyota buys Lyft’s autonomous car division.
It’s all the tech news that’s popular right now. Welcome to Hashtag Trending! It’s Wednesday, April 28 and I’m your host Baneet Braich.
Restaurants, hair salons, hotels are no longer the only popular places to tip. Social media is providing more platforms for an online tipping culture. According to a recent report by Axios, Twitter, Spotify, Facebook and Clubhouse are incorporating online tip jars to allow content creators to monetize online fans and get extra cash to fund their entire livelihood. It’s the availability of companies like Venmo, CashApp and Stripe that make it easier for tech companies to allow direct peer-to-peer payments on their platforms. Online tipping has also been inspired by gaming sites like Twitch and Caffeine that have long used tip-like features to grow engagement between gamers and their fan
Hashtag Trending, April 28, 2021 – Online tipping culture; Clubhouse connects investors with entrepreneurs; Toyota buys Lyft s autonomous car division
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Startup fundraising can be bloodsport, which also makes it great entertainment.
Shark Tank first brought pitch decks to prime time in 2009, spawning an entire genre of investment-as-reality-TV. To name just a few:
Meet the Drapers (hosted by venture capitalist Tim Draper),
Cleveland Hustles (hosted by basketball legend LeBron James),
Entrepreneur Elevator Pitch (exactly what it sounds like),
The Profit (weirdly, for investing in failing businesses),
Dragon’s Den (like
Tigers of Money (like
Shark Tank, but Japanese).
The latest entree on this theme is not on television but on Clubhouse. Every Wednesday at 3 pm Pacific time, a new handful of founders duke it out before a panel of angel investors in a weekly show called Angelhouse. Hundreds more people listen in. The conversations between founders and investors can be educational, but “the purpose of hearing pitches is not to give advice,” says Geoff Cook, one of the angels. “It’s to decide: Do you want to in