BREAKDOWN: Will Big Tech Enable or Destroy Small Business? Feat. Sahil Bloom

More than 50% of COVID-19 related business closures in the US are now permanent. Can tech platforms provide a new avenue for small biz entrepreneurship?

This episode is sponsored by Bitstamp and Crypto.com.

Today on the Brief:

• Disappointing jobless claim numbers with first increase in 4 months
• US banks now allows to custody crypto
• Senate hears arguments for a digital dollar in the context of US-China economic competition

Our main conversation with Sahil Bloom

Sahil Bloom is an investor with Altamont Capital Partners and a prolific author of financial literacy Twitter threads.

In this conversation, he and NLW discuss:

• Today’s jobless claims
• Long term economic impacts from COVID in the travel industry
• “Forced efficiency realization”
• How remote work opens white collar professionals to global competition
• Whether tech platforms are a destructive or enabling force for small business
• Why financial education is essential and sorely lacking
• Why the Robinhood rally crowd represents a positive opportunity for bringing new voices into the markets

Find our guest on Twitter: @sahilbloom