Liquidity: Recession fears, AI market shifts, and the future of tech hubs | E1994
This Week in Startups
Jason Calacanis
4.4 • 1.3K Ratings
🗓️ 16 August 2024
⏱️ 78 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Squarespace. Turn your idea into a new website! Go to https://www.Squarespace.com/TWIST for a free trial. When you’re ready to launch, use offer code TWIST to save 10% off your first purchase of a website or domain.
CLA. Innovation takes balance. CLA's CPAs, consultants, and wealth advisors can help you get from startup to where you want to end up. Get started now at https://www.CLAconnect.com/tech
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
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Todays show:
David Weisburd hosts Elad Gil, David York, and Jason Calacanis to discuss recession fears (2:15), new investment trends (24:44), geographic and talent concentration in the startup sector (56:48), and more!
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Timestamps:
(0:00) David Weisburd intros Elad Gil, David York, and Jason Calacanis
(2:15) Recession fears and their effects on Silicon Valley and startups
(5:18) AI market segments, enterprise adoption, and SaaS spending slowdown
(10:55) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST
(12:19) Private equity, tech buyouts, and excess capital management
(19:35) AI-driven buyouts and efficiency improvements
(23:09) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
(24:44) New investment trends and key startup ecosystems
(28:10) Founder inspiration and the impact of competitive ecosystems
(30:06) Role of accelerators in early-stage investing and startup formation
(34:16) Layoffs, FIRE movement, and FTC ruling on non-competes
(37:21) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
(38:48) Liquidity and challenges for LPs in incubators and accelerators
(56:48) Geographic and talent concentration in the startup sector
(1:02:32) Tech hub movements, office culture, and remote vs. in-office work trends
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Mentioned on the show:
https://www.boringbusinessnerd.com/post/top-startup-accelerators
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Follow Elad:
LinkedIn: https://www.linkedin.com/in/eladgil
Check out: https://eladgil.com
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Follow David York:
LinkedIn: https://www.linkedin.com/in/david-york-2407295
Check out: https://ttcp.com/
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Follow David Weisburd:
X: https://twitter.com/DWeisburd
LinkedIn: https://www.linkedin.com/in/dweisburd
Check out: https://10xcapital.com
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Follow Jason:
LinkedIn: https://www.linkedin.com/in/jasoncalacanis
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Thank you to our partners:
(10:55) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://www.Squarespace.com/TWIST
(23:09) CLA - Get started with CLA's CPAs, consultants, and wealth advisors now at https://claconnect.com/tech
(37:21) OpenPhone - Get 20% off your first six months at https://www.openphone.com/twist
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Great TWIST interviews: Will Guidara, Eoghan McCabe, Steve Huffman, Brian Chesky, Bob Moesta, 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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Follow TWiST:
Twitter: https://twitter.com/TWiStartups
YouTube: https://www.youtube.com/thisweekin
Instagram: https://www.instagram.com/thisweekinstartups
TikTok: https://www.tiktok.com/@thisweekinstartups
Substack: https://twistartups.substack.com
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Subscribe to the Founder University Podcast: https://www.youtube.com/@founderuniversity1916
Transcript
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| 0:00.0 | I do a really interesting alternative approach to buyouts and rollouts where you're getting enormous |
| 0:04.4 | leverage on the teams or assets that you're buying through Genitive AI, but then you have to do a very |
| 0:10.1 | strong rip and replace technology cycle. You have to rework business process against AI. |
| 0:15.1 | And again, traditional bio firms tend not to be very good at that kind of stuff. |
| 0:19.2 | They tend to be more. |
| 0:19.9 | We'll bring in an operator who will, you know, |
| 0:21.8 | cut some costs or maybe optimize some things |
| 0:23.4 | versus we're going to rethink the whole thing through the lens of technology. |
| 0:26.5 | A lot of the stuff that happened in the last three or four years was really around |
| 0:30.5 | capital formation and not necessarily organizing product market fit. |
| 0:35.2 | I think we're getting back to that. It's clear that the YC stuff is evolving in a good way and I think that's all positive |
| 0:42.2 | but we've run into them all over the world and I worry |
| 0:45.4 | that there's just too many folks starting companies and really spending their |
| 0:49.7 | wheels in a way that's not going to help us. |
| 0:51.2 | This weekend startups is brought to you by |
| 0:54.5 | Square Space. Turn your idea into a new website. Go to Square Space. |
| 0:59.3 | dot com slash twist for a free trial. When you're ready to launch, use offer code |
| 1:04.5 | Twist to save 10% off your first purchase of a website or domain. |
| 1:09.8 | CLA Innovation Innovation takes balance. |
| 1:13.0 | CLAs, CPA's, consultants, and wealth advisors can help you get from startup to where you want to end up. |
| 1:19.9 | Get started now at CLA Connect.com slash tech. |
| 1:24.0 | And open phone. |
... |
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