Michael and Johnny look at Rocket Internet, the Germany based Internet company known for its wide range of technology startup investments such as Jumia, HelloFresh, Zolando, etc. We look at its history, its co-founders' background, its model and share our thoughts on why we feel the way we feel about this company before concluding with our Rich Tech Poor Tech analysis.
In the News of the Week, Airbnb has filed its IPO paperwork for December despite the difficult year the travel and hospitality industry has faced; and Apple's ARM based M1 Mac computers are off to a great start with a flurry of positive reviews. Is it time that we trade in our intelligence for our arms?
Recorded Date: Sunday, November 22, 2020
Time Stamps
- 00:00:18: News of the Week
- 00:07:30: Rocket Internet - Why the Hate?
- 00:12:50: The Rocket Model
- 00:32:38: Necessary Evil?
- 00:39:06: Rich Tech Poor Tech
Highlights
- Airbnb has finally filed its IPO plans for December
- Apple's new ARM based M1 Mac computers are off to some great reviews
- Rocket Internet, the tech colonizers
- Michael has no sympathy for the devil
- Rocket Internet is a European internet company co-founded by 3 German brothers
- Rocket Internet is Germany efficiency at its best when applied to Software/Tech Entrepreneurship
- Do we hate them or we do secretly admire them?
- How different are Silicon Valley companies from Rocket Internet?
- There's a difference between bringing Amazon to a new country vs. localizing a e-commerce business to the local needs
- Rocket Internet is proving what others have been unable to do - there is opportunity in previously ignored areas/markets
- Do you hate the player or hate the game?
- Silicon Valley built Silicon Valley - no external entity could have built it
- Is Rocket Internet a Rich Tech or Poor Tech company?
- Can Rocket Internet's model last? Are they not creating their nonexistence by showcasing that there are opportunities out there
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