First Citizens acquires SVB, the daunting reality of AI & Refiberd CEO Sarika Bajaj | E1707

This Week in Startups

Jason Calacanis

Technology

4.2 • 1.4K Ratings

🗓️ 27 March 2023

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jason starts the show by discussing First Citizens acquiring SVB’s assets (2:03) before diving into a Reddit post detailing how generative AI changed a 3D artist’s job overnight (9:09). Jason wraps by interviewing Sarika Bajaj, the CEO, and Co-founder of Refiberd, as she dives into the reality of the recycling process, how they are using spectroscopy to recycle textiles, and more (20:28)!

(0:00) Jason kicks off the show

(2:03) A breakdown of First Citizens’ purchase of SVB

(8:05) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist

(9:09) Reddit Post: A radical change for 3D artists

(18:59) LinkedIn Marketing - Get a $100 LinkedIn ad credit at https://linkedin.com/thisweekinstartups

(20:28) Sarika Bajaj, CEO of Refiberd joins Jason

(21:00) What happens to our textiles?

(25:20) Refiberd’s solution

(30:31) Solving for inefficiencies in the recycling process

(38:05) Brilliant.org - Get 20% off an annual subscription at http://brilliant.org/twist

(39:33) The state of recycling today

(49:23) Raising capital in today’s market

(54:25) Navigating gate SVB collapse

FOLLOW Sarika: https://refiberd.com/

FOLLOW Jason: https://linktr.ee/calacanis

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Transcript

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0:00.0	Okay, everybody, we're back today for another great show.
0:02.3	First up, I cover the news that Silicon Valley Bank
0:05.2	has been purchased by first citizens.
0:07.5	They give you an update on what that means
0:08.9	if you have a loan, a mortgage,
0:10.6	or a bank account with SVB.
0:12.8	Then I cover a sad post we found on Reddit
0:15.1	from a 3D artist.
0:16.8	They describe how their career has changed overnight
0:21.0	due to generative AI.
0:22.8	And I talk about the big picture here
0:24.7	of how quickly generative AI is going to replace
0:28.2	high-end creative artists and knowledge workers.
0:31.4	This is happening faster than we all thought.
0:33.6	And then we have a great interview
0:35.9	with the founder of ReFiBird.
0:38.0	This is a company that is using spectroscopy like lasers.
0:42.5	They try to figure out what textile is being recycled.
0:46.1	And this makes it possible for us to not throw away
0:48.5	all of these clothes and fabrics
0:50.4	that are being basically tossed into landfills.
0:53.3	It's an exceptional conversation
	...

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