NEWS: Instacart and Klaviyo file for IPO, State of VC distributions, AI lawsuits | E1798
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 29 August 2023
⏱️ 60 minutes
🧾️ Download transcript
Summary
This Week in Startups is brought to you by…
Vanta. Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. TWiST listeners can get $1,000 off for a limited time at vanta.com/twist
Carta now lets you launch and administer SPVs for your syndicate. Share your knowledge, capital, and network to launch your syndicate SPVs through Carta. Get 10% off your first SPV at carta.com/twist with promo code TWIST.
Roots. Invest in the only real estate investment trust that creates wealth for you and its residents at investwithroots.com/twist
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Today’s show:
Jason breaks down the exit market for LPs (8:57), Instacart and Klaviyo’s IPOs (22:13), writers suing OpenAI and Meta (50:15), and more!
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Time stamps:
(0:00) Producer Nick joins Jason
(2:27) The significance of Instacart and Klaviyo’s IPO filings
(5:41) The VC exit market
(7:50) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(8:57) The exit market for LPs and over-indexing in venture
(13:57) VC bloat and current state of the market
(20:39) Carta - Get 10% off your first SPV at https://carta.com/twist with promo code TWIST
(22:13) Breaking down Instacart’s S-1
(28:56) Ad dollars moving to new platforms and the importance of being close to the sale
(33:26) Instacart GTV tail off
(36:30) Roots - Head to investwithroots.com/TWIST to sign up and start investing today!
(38:03) Breaking down Klaviyo’s S-1
(44:09) Why it is crucial for founders to retain ownership early on
(50:15) Writers suing OpenAI; are broad-based LLMs trained on tons of data becoming a liability?
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Maybe we got a little bit too generous in believing the pitch as an industry, but not looking |
| 0:06.8 | at performance. |
| 0:07.8 | And I think people were being funded on their pitches and the promise, but not the performance. |
| 0:13.8 | And now it has gone exactly the other way. |
| 0:16.4 | Everybody wants to know our performance as LPs. |
| 0:18.7 | We want to know how many customers you have, the churn rate. |
| 0:22.4 | So it's gotten very quickly to breast hacks and some might say it's an overreaction, but |
| 0:28.4 | I think you have to play the game on the field, as we were talking about on all in about |
| 0:33.1 | politics. |
| 0:34.1 | I've been really thinking about the game on the field. |
| 0:36.4 | And the game on the field right now is Survive. |
| 0:39.8 | This week in Startups is brought to you by Vanta compliance and security shouldn't be |
| 0:45.1 | a deal breaker for Startups to win new business. |
| 0:48.6 | Vanta makes it easy for companies to get a sock to report fast. |
| 0:53.0 | These listeners can get $1,000 off for a limited time at Vanta.com slash twist. |
| 0:59.9 | Carta now lets you launch and administer SPVs for your syndicate. |
| 1:04.5 | Share your knowledge, capital and network to launch your syndicate SPVs through Carta. |
| 1:09.9 | Get 10% off your first SPV at Carta.com with promo code twist and roots. |
| 1:18.8 | And the only real estate investment trust that creates wealth for you and its residents |
| 1:24.1 | at investwithroutes.com slash twist. |
| 1:27.7 | All right, everybody. |
| 1:28.7 | It is a huge news week with me to read the news. |
... |
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