Keith Rabois on 2023 macro outlook, startup valuations, founder advice, ChatGPT vs Google | E1650
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 4 January 2023
⏱️ 69 minutes
🧾️ Download transcript
Summary
Multiple time guest and friend of the pod Keith Rabois is back! Jason and Keith talk 2023 macro outlook (1:00), big tech's impact on startups (10:01), advice for founders (18:24), Meta's risky VR bet (27:22), ChatGPT vs Google (39:05), and more!
(0:00) Jason intros today's guest: Keith Rabois!
(1:00) Keith's 2023 macro outlook and thoughts on startup valuations
(8:54) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(10:01) What are big tech hiring freezes and RIFs doing to the startup market? Entitlement era coming to an end
(18:24) Advice for different archetypes of founders
(25:50) Acquire.com - Sign up for FREE at https://try.acquire.com/twist
(27:22) Importance of founder authority, Tim Cook taking over for Steve Jobs at Apple, Meta's risky VR bet
(37:34) Apply for the LAUNCH Accelerator: https://launchaccelerator.co
(39:05) Keith's thoughts on ChatGPT, a new approach to search, and Microsoft taking on Google
(53:37) What types of founders is Keith looking to invest in right now?
(59:25) OpenDoor thoughts + a little politics
FOLLOW Keith: https://twitter.com/rabois
FOLLOW Jason: https://linktr.ee/calacanis
FOLLOW Molly: https://twitter.com/mollywood
Transcript
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| 0:00.0 | All right everybody welcome to 2023. We made it through 2022 and as a little treat for the audience, |
| 0:07.6 | we thought we would bring one of the top five guests in the history of the program, Keith Roboyon, |
| 0:13.4 | to just give an outlook for founders as to what 2023 will bring. |
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| 1:01.4 | Keith you're in sunny Miami. Am I correct? Yes, you should be able to see in the background. |
| 1:06.0 | There's sun everywhere the typical day probably about 78 82 degrees. Okay and I am in the mountains |
| 1:12.8 | in Lake Tahoe and it's literally blizzard conditions at any point in time I could lose internet and |
| 1:17.4 | have to take my star link out or lose power. That's the state of the world today. So I guess the |
| 1:23.8 | place to start is everybody wants to know the macro outlook. We're going to get into the micro. |
| 1:29.0 | Of course, we're going to talk about startups. We're going to talk about value evaluations. We're |
| 1:32.8 | going to talk about all those details and what entrepreneurs should be doing. You know in 2023, |
| 1:37.2 | I think that's what everybody wants to hear, but I'm curious what you think about the macro |
| 1:41.2 | environment heading into 2023. We had this incredible what I call the speculative asset bubble. |
| 1:49.2 | People were speculating those assets deflated the fed raised rates and here we are has the fed |
| 1:56.5 | actually gotten to the point where we have capitulation and the markets bottomed out or do you |
| 2:01.1 | think this is what they call the old double dip recession? What are your your thoughts on the macro |
| 2:05.5 | environment? But yeah in 2023, I don't have any like incredibly insightful like unique perspectives. |
... |
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