LIQUIDITY: Major challenger to OpenAI, xAI, closing on $6B in funding | E1944
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 6 May 2024
⏱️ 66 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
OpenPhone. Create business phone numbers for you and your team that work through an app on your smartphone or desktop. TWiST listeners can get an extra 20% off any plan for your first 6 months at https://www.openphone.com/twist
NetSuite. The number one cloud financial system, bringing accounting, financial management, inventory, and HR, into ONE platform. Giving you ONE source of truth. By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
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Todays show:
David Weisburd hosts Joshua Berkowitz, Donald Stalter and Jason Calacanis to discuss xAI closed on $6B (5:02), PitchBook's report on Emerging Managers (17:32), SVB’s venture portfolio situation (44:18), and much more!
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Liquidity Timestamps:
(0:00) David Weisburd intros Joshua Berkowitz, Donald Stalter and Jason Calacanis
(5:02) xAI raises $6B in funding
(9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(13:16) Sequoia leading a $6B round for AI
(17:32) PitchBook's report on Emerging Managers
(20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(28:18) The impact of the surge of venture capital in 2021 and its implications for the ecosystem
(30:41) Attio - Head to https://attio.com/twist to get 15% off for your first year.
(34:42) The impact of a positive investor attitude on founders
(44:18) The Silicon Valley Bank (SVB) venture portfolio situation
(49:33) Lightning round of last 3 investments
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Thank you to our partners:
(9:49) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(20:38) NetSuite - By popular demand, NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks! Head to https://www.netsuite.com/liquidity
(30:41) Attio - Head to https://attio.com/twist to get 15% off for your first year.
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Mentioned on show:
https://www.axios.com/2024/05/03/svb-venture-capital-arm
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Follow Donald:
X: https://twitter.com/donnystalter
LinkedIn: https://www.linkedin.com/in/donaldstalter
Check out:
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Follow Joshua:
X: https://twitter.com/berkowitz_josh
LinkedIn: https://www.linkedin.com/in/joshua-berkowitz-86005b23/
Check out:
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Follow David:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
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Follow Jason:
X: https://twitter.com/jason
Instagram: https://www.instagram.com/jason
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Check out Founder University: https://www.founder.university
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Subscribe to This Week in Startups on Apple: https://rb.gy/v19fcp
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Great 2023 interviews: Steve Huffman, Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland
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Check out Jason’s suite of newsletters: https://substack.com/@calacanis
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Transcript
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| 0:00.0 | All right, everybody. How you doing David? |
| 0:02.4 | Good and well, how are you doing? How about those Nix? |
| 0:05.3 | Man, a long-suffering Nick fan. We got a little brief moment of joy during the Carmelo era, |
| 0:11.0 | and before that it was obviously Patrick Ewing and the Charles |
| 0:14.3 | Spryl, Alan Houston, Oak, May so all that great time period in the 90s. This is my |
| 0:18.8 | favorite Nick team since the Ewing era. It's right up there because the heart they play with, the grit, none of them were a top 15 pick. |
| 0:27.0 | We're taking apart the MVP of Philadelphia, but I just want to say to the people of Philadelphia, |
| 0:32.0 | you're the six borough now, we own you. |
| 0:34.3 | And that's it. It's our town now, I'm joking. |
| 0:37.8 | Did you make it to any of the games? |
| 0:39.8 | Yeah, so I don't go to any Knicks games during the year East I've taken so I kind of treat myself because when they get to the playoffs I save up all my Knicks ticket budget for the playoffs and I made friends with the guy named David Adelman, |
| 0:52.7 | who's a really, really gentleman and fungi. |
| 0:56.0 | We met, actually remember the party we had at Eye Connections |
| 1:00.7 | Fall Conference in Miami? |
| 1:02.0 | Yeah, he was at that party, which was a pretty cool party. |
| 1:04.5 | I mean, don't tell, don't say where that party was, |
| 1:07.6 | but in terms of elite attendees, |
| 1:10.9 | that was pretty crazy. Yeah. |
| 1:13.0 | And so my friend Antonio Grasseus from Valor introduced me to him. |
| 1:16.0 | You know, we've been texting back and forth about the Nix and Philly. |
| 1:18.0 | We had a dinner bet, a dinner bet. |
| 1:21.0 | Two of us, one pays for dinner. |
... |
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